ASCENT INDUSTRIES CO. financial statements

Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data ASCENT INDUSTRIES CO. files with the SEC in its annual reports.

In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	139	201	281	305	256	335	262	193	80.8	74.9
Cost of revenue				274	233	274	219	192	70.1	57.7
Gross profit	16.9	28.1	51.2	30.8	22.7	60.8	43.3	1.53	10.7	17.2
Research and development	0.6	0.6	0.5	0.6	0.5				0	0.07
Selling, general and administrative		24.9	27.7	32.6	28.7	30.1	27.6	26.7	19.9	23
Operating income	-8.25	2.06	21.2	-1.71	-31.1	27.3	14.5	-37.4	-10.8	-7.03
Interest expense	0.93	0.99	2.21	3.82	2.11	1.49	2.74	4.24	0.42
Other non-operating income	0	0.31	-2.57	1.9	1.26	-0.14	0.21	0.59	0.45	0.75
Pre-tax income	-9.19	1.48	16.5	-3.76	-32	25.5	12	-41.1	-10.8	-5.56
Income tax	-2.2	0.14	3.38	-0.73	-4.71	5.25	-5.57	-6.92	1.81	0.02
Income from continuing operations	-6.99	1.34	13.1				17.6	-34.2	-12.6	-5.58
Net income	-7.09	1.34	13.1	-3.04	-27.3	20.2	22.1	-26.6	-13.6	0.87
EBITDA	-1.55	9.8	30	9.36	-20.5	37.7	27.3	-31.3	-9.76	-5.9
EPS, basic				-0.34	-2.98	2.17	2.16	-2.63	-1.35	0.09
EPS, diluted				-0.34	-2.98	2.14	2.12	-2.63	-1.35	0.09
Shares, basic (weighted)	8.65	8.71	8.81	8.98	9.14	9.34	10.2	10.1	10.1	9.64
Shares, diluted (weighted)	8.65	8.73	8.88	8.98	9.14	9.46	10.4	10.1	10.1	9.64
Dividend per share	0.30	0.13	0.25	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Balance sheet

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Cash and equivalents	0.06	0.01	2.22	0.63	0.24	2.02	1.44	1.85	16.1	57.6
Receivables	18	28.7	41.1	35.1	28.2	33.4	33.2	15.1	12.2	10
Inventory	60.8	72.1	114	98.2	85.1	103	67.7	52.3	5.73	8.74
Other current assets			9.98	13.2	13.4	3.73	7.77	4.88	1.12	1.24
Total current assets	97.5	108	167	147	127	160	170	89.4	83.1	83
Property, plant and equipment	27.3	35.1	40.9	40.7	35.1	43.7	35.5	29.8	17.6	15.8
Lease right-of-use assets			0	35.8	31.8	30.8	29.1	27.8	28.1	9.37
Goodwill	1.35	6	9.8	17.6	1.36	12.6	11.4	0	0	0
Intangible assets	12.3	10.9	9.7	15.7	11.4	14.4	10	8.5	3.45	2.83
Other non-current assets					0	4.17	1.86	1.94	0.51	0.55
Total assets	139	160	228	257	207	266	269	163	147	112
Accounts payable	16.7	24.3	25.1	21.2	19.7	32.3	14.1	16.4	6.84	5.49
Accrued liabilities	16.1	8.99	12.2	6.04	6.12	12.4	5.51	5.05	3.6	5.39
Deferred revenue								0.06	1.36	0
Short-term debt	0		0	4	0.88	2.46	2.46	0
Total current liabilities	32.6	33.3	37.2	40.6	31.1	50.5	33.5	24.8	22.3	12.4
Long-term debt	8.8	25.9	76.4	71.6	60.5	67.9	69.1	0
Lease liabilities			0	33.7	32.8	32.1	30.9	29.7	30	11.5
Other non-current liabilities	0.73	1.27	1.72	0.13	0.09	0.09	0.07	0.06	0.05	0.05
Total liabilities	50	70.2	126	151	127	154	135	55.9	53.7	24.9
Total debt	8.8	25.9	76.4	75.6	61.4	70.4	71.5	0	0
Paid-in capital			36.5	37.4	37.7	46.1	47	47.3	47.3	48.3
Retained earnings	57.9	58.1	69	70.6	42.8	63.1	85.1	58.5	44.9	45.8
Treasury stock	-14.4	-13.9	-13.3	-11.7	-10.6	-8.63	-8.99	-9.53	-9.8	-18.2
Other comprehensive income	0	-0.01	0	0
Shareholders' equity	88.6	89.7	102	107	80.3	112	134	107	93.5	87
Total equity	88.6	89.7	102	107	80.3	112	134	107	93.5	87
Total liabilities and equity	139	160	228	257	207	266	269	163	147	112
Shares outstanding						10.2	10.1	10.1	10.1	9.4

Cash flow statement

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Net income	-7.09	1.34	13.1	-3.04	-27.3	20.2	22.1	-26.6	-13.6	0.87
Depreciation and amortization	6.69	7.74	8.78	11.1	10.6	10.3	12.7	6.16	1.04	1.13
Stock-based compensation	0.46	0.64	0.83	2.09	1.79	0.8	1.36	1.02	0.76	1.3
Deferred income tax	-1.41	-1.04	-0.38	-0.77	1.3	-2.07	-5.52	-6.55	1.99	-0.09
Change in receivables		-10.9	-10.4	9.7	5.55	-16.2	-0.26	6.78	2.84	-2.58
Change in inventory		-7.09	-41.2	20	9.12	-18.9	-13.7	15.6	5.04	-3.02
Change in payables	4.42	7.57	-0.23	-5.32	-1.42
Cash from operations	1.51	2.24	-21.2	28.6	18	19.1	5.58	23.1	14.7	-0.52
Capital expenditures	-3.04	-5.28	-7.36	-4.54	-3.75	-1.5	-3.39	-2.89	-1.12	-1.54
Acquisitions	-3	-12	0	-21.9	0	-32.6	0
Purchases of investments	0	-4.38	-4.97	-0.54	0
Sales and maturities of investments	0	4.14	0	1.09	4.43	0
Cash from investing	17.7	-17.4	-22.7	-25.7	0.99	-32.7	-4.98	50.5	0.91	51
Debt issued	0	0	0	20	0	216	443	257	198	137
Debt repaid	-26.1	0	0	-3.67	-4	-207	-442	-328	-198	-137
Stock issued	0	0	0.98	0	0	10	0	0	0	0.42
Share buybacks	-0.25	0	0	0	-0.64	0	-1.34	-1.29	-1.04	-9.14
Dividends paid	0	-1.15	-2.22	0
Cash from financing	-19.5	15.1	46.1	-4.54	-19.4	15.4	-1.18	-73.2	-1.33	-8.96
Net change in cash	-0.33	-0.05	2.21	-1.59	-0.39	1.79	-0.58	0.41	14.3	41.5
Free cash flow	-1.53	-3.04	-28.6	24.1	14.2	17.6	2.18	20.2	13.6	-2.06
Interest paid						1.32	2.23	4.18	0.28	0.17
Income taxes paid	0.99	2.6	2.4	1.2	0.02	1.65	7.86	0.86	0	0

Key metrics

Worked out from the statements above. Latest values use the trailing twelve months to June 30, 2026; growth uses fiscal years. Valuation uses the share price of $14.70 on September 25, 2026.

Profitability

Metric	Value	How it is calculated
Gross margin	21.1%	Gross profit / revenue.
Operating margin	-5.9%	Operating income / revenue.
EBITDA margin	-3.0%	EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin	-3.4%	Pre-tax income / revenue.
Net margin	-5.3%	Net income / revenue.
FCF margin	-10.1%	Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin	-7.4%	Cash from operations / revenue.
Return on equity (ROE)	-5.6%	Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)	-4.2%	Net income / average total assets.
Return on invested capital (ROIC)	-7.6%	Approximation: operating income x (1 - tax rate) / average (total debt + equity - cash). Tax rate is the effective rate when between 0% and 50%, else 21%.
SG&A / revenue	25.8%	Selling, general and administrative expense / revenue.
Stock-based pay / revenue	1.7%	Stock-based compensation (from the cash flow statement) / revenue.
Capex / revenue	2.7%	Capital expenditures / revenue.
D&A / revenue	3.0%	Depreciation and amortization / revenue.

Growth

Metric	Value	How it is calculated
Revenue growth, 1y	-7.2%	Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y	-34.1%	Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y	-21.8%	Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Gross profit growth, 1y	61.0%	Gross profit vs the same period a year earlier. Only from a positive base.
Gross profit CAGR, 3y	-26.5%	Compound annual growth of gross profit over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Gross profit CAGR, 5y	-5.3%	Compound annual growth of gross profit over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Net income CAGR, 3y	-66.0%	Compound annual growth of net income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EPS CAGR, 3y	-65.1%	Compound annual growth of eps over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating cash flow growth, 1y	-103.5%	Operating cash flow vs the same period a year earlier. Only from a positive base.
Free cash flow growth, 1y	-115.2%	Free cash flow vs the same period a year earlier. Only from a positive base.
Book value growth, 1y	-7.0%	Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y	-13.5%	Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value CAGR, 5y	1.6%	Compound annual growth of book value over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y	-24.0%	Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y	-25.3%	Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y	-11.6%	Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y	-4.6%	Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y	-2.5%	Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 5y	1.1%	Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution.

Balance sheet health

Metric	Value	How it is calculated
Current ratio	4.33x	Current assets / current liabilities.
Quick ratio	3.13x	(Cash + short-term investments + receivables) / current liabilities.
Cash ratio	1.88x	(Cash + short-term investments) / current liabilities.
Liabilities / assets	25.1%	Total liabilities / total assets.
Working capital	$49.8M	Current assets - current liabilities.
Goodwill and intangibles / assets	13.9%	(Goodwill + intangible assets) / total assets.
Tangible book value	$64.9M	Shareholders' equity - goodwill - intangible assets.

Efficiency

Metric	Value	How it is calculated
Asset turnover	0.79x	Revenue / average total assets.
Fixed asset turnover	5.32x	Revenue / average property, plant and equipment.
Inventory turnover	6.28x	Cost of revenue / average inventory.
Days inventory	58 days	365 x average inventory / cost of revenue.
Receivables turnover	4.48x	Revenue / average receivables.
Days sales outstanding	81 days	365 x average receivables / revenue.
Days payables	51 days	365 x average accounts payable / cost of revenue.
Cash conversion cycle	89 days	Days inventory + days sales outstanding - days payables.

Per share

Metric	Value	How it is calculated
EPS, diluted	-$0.49	Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
Revenue per share	$9.17	Revenue / diluted weighted shares.
FCF per share	-$0.92	Free cash flow / diluted weighted shares.
Operating cash flow per share	-$0.67	Cash from operations / diluted weighted shares.
Book value per share	$8.83	Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share	$7.20	Tangible book value / shares outstanding.
Cash per share	$3.12	(Cash + short-term investments) / shares outstanding.

Valuation

Metric	Value	How it is calculated
Market cap	$132.4M	Share price x shares outstanding.
Enterprise value	$104.4M	Market cap + total debt - cash - short-term investments.
P/S	1.59x	Market cap / revenue.
P/B	1.66x	Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book	2.04x	Market cap / tangible book value, when positive.
EV/Sales	1.25x	Enterprise value / revenue.
FCF yield	-6.3%	Free cash flow / market cap.
Earnings yield	-3.3%	Net income / market cap (the inverse of P/E).
Shareholder yield	6.0%	(Dividends paid + share buybacks) / market cap.

What was ASCENT INDUSTRIES CO.'s revenue in fiscal 2025?

ASCENT INDUSTRIES CO. reported revenue of $74.9M for fiscal 2025, 7.2% lower than the year before.

Was ASCENT INDUSTRIES CO. profitable in fiscal 2025?

Yes. Net income was $867.0K, a net margin of 1.2%.

How much free cash flow did ASCENT INDUSTRIES CO. generate in fiscal 2025?

Cash from operations of $519.0K minus capital expenditures of $1.5M left free cash flow of -$2.1M.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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