Stocks ALTG Financial statements
Financial statementsALTA EQUIPMENT GROUP INC. financial statements
Income statement, balance sheet and cash flow statement for the last 8 fiscal years, taken from the XBRL data ALTA EQUIPMENT GROUP INC. 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
| FY2019 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | 557 | 874 | 1,213 | 1,572 | 1,877 | 1,877 | 1,836 | |
| Cost of revenue | 405 | 659 | 898 | 1,152 | 1,370 | 1,383 | 1,361 | |
| Gross profit | 152 | 215 | 314 | 420 | 507 | 494 | 475 | |
| Selling, general and administrative | 362 | 430 | 447 | 423 | ||||
| Selling and marketing | 2.7 | 3.5 | 5.5 | |||||
| General and administrative | 138 | 216 | 286 | 362 | 430 | |||
| Operating expenses | 140 | 223 | 296 | 379 | 453 | 475 | 451 | |
| Operating income | -0 | 11.7 | -8.1 | 18 | 40.8 | 54.4 | 18.6 | 23.2 |
| Interest expense | 20.5 | 23.8 | 24 | 31.8 | 57 | 81.3 | 88.4 | |
| Other non-operating income | -47.1 | -22.5 | -35.2 | -30.2 | -51.9 | -84.9 | -82 | |
| Pre-tax income | -0 | -35.4 | -30.6 | -17.2 | 10.6 | 2.5 | -66.3 | -58.8 |
| Income tax | 0 | 0 | -6.6 | 3.6 | 1.3 | -6.4 | -4.2 | 21.5 |
| Net income | -0 | -35.4 | -24 | -20.8 | 9.3 | 8.9 | -62.1 | -80.3 |
| EBITDA | 61.8 | 66.9 | 114 | 153 | 187 | 163 | 157 | |
| EPS, basic | 0.00 | -4.84 | -0.90 | -0.74 | 0.20 | 0.18 | -1.96 | -2.55 |
| EPS, diluted | 0.00 | -4.84 | -0.90 | -0.74 | 0.20 | 0.18 | -1.96 | -2.55 |
| Shares, basic (weighted) | 0.36 | 7.3 | 26.6 | 31.7 | 32.1 | 32.4 | 33.2 | 32.7 |
| Shares, diluted (weighted) | 0.36 | 7.3 | 26.6 | 31.7 | 32.3 | 32.9 | 33.2 | 32.7 |
| Dividend per share | 0.11 | 0.23 | 0.23 | 0.11 |
Balance sheet
| FY2019 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | |
|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | 0.05 | 0.65 | 1.2 | 2.3 | 2.7 | 31 | 13.4 | 18.6 |
| Receivables | 101 | 138 | 183 | 233 | 249 | 200 | 187 | |
| Inventory | 137 | 229 | 239 | 400 | 531 | 536 | 473 | |
| Other current assets | 5.7 | 13.6 | 24.4 | 28.1 | 27 | 25.5 | 31.6 | |
| Total current assets | 0.05 | 244 | 382 | 449 | 663 | 838 | 775 | 710 |
| Property, plant and equipment | 197 | 312 | 345 | 378 | 73.4 | 81.6 | 73.3 | |
| Lease right-of-use assets | 103 | 114 | 111 | 113 | 108 | |||
| Goodwill | 7.6 | 8.6 | 24.3 | 41.9 | 69.2 | 76.7 | 77.5 | 77.8 |
| Intangible assets | 3 | 26.3 | 43.4 | 60.7 | 66.3 | 54.7 | 48 | |
| Long-term investments | 146 | |||||||
| Other non-current assets | 2 | 2.1 | 1.6 | 6 | 14.2 | 20.3 | 5 | |
| Total assets | 0.21 | 454 | 746 | 983 | 1,291 | 1,571 | 1,480 | 1,336 |
| Accounts payable | 0.16 | 31.1 | 58.9 | 73.5 | 90.8 | 97 | 91.5 | 77.7 |
| Accrued liabilities | 16 | 30.1 | 39.3 | 55.1 | 59.7 | 51.2 | 45.3 | |
| Deferred revenue | 15.2 | 14.1 | 16.2 | 13 | 13.7 | |||
| Short-term debt | 7.1 | 8.7 | 2.6 | 4.2 | 7.7 | 10.5 | 11 | |
| Total current liabilities | 343 | 434 | 322 | 471 | 635 | 577 | 495 | |
| Long-term debt | 86.5 | 135 | 310 | 311 | 312 | 480 | 485 | |
| Lease liabilities | 3.7 | 2.5 | 88.4 | 102 | 99.6 | 104 | 100 | |
| Other non-current liabilities | 3.1 | 6.9 | 3.6 | 17.6 | 15.3 | 11.7 | 6.4 | |
| Total liabilities | 0.22 | 477 | 589 | 848 | 1,151 | 1,421 | 1,403 | 1,345 |
| Total debt | 93.6 | 143 | 420 | 548 | 667 | 706 | 735 | |
| Paid-in capital | 5 | 216 | 217 | 223 | 234 | 244 | 248 | |
| Retained earnings | -0.01 | -23.2 | -53.4 | -76.8 | -74.2 | -76.4 | -149 | -236 |
| Treasury stock | -5.9 | -5.9 | -5.9 | -5.9 | -11.7 | -19.2 | ||
| Other comprehensive income | -2.9 | -1.8 | -4.9 | -1.6 | ||||
| Shareholders' equity | 12.2 | -23.2 | 157 | 135 | 140 | 150 | 77.6 | -8.8 |
| Total equity | 12.2 | -23.2 | 157 | 135 | 140 | 150 | 77.6 | -8.8 |
| Total liabilities and equity | 0.21 | 454 | 746 | 983 | 1,291 | 1,571 | 1,480 | 1,336 |
| Shares outstanding | 7.3 | 30 | 32.4 | 32.2 | 32.4 | 32.8 | 32.2 |
Cash flow statement
| FY2019 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | |
|---|---|---|---|---|---|---|---|---|
| Net income | -0 | -35.4 | -24 | -20.8 | 9.3 | 8.9 | -62.1 | -80.3 |
| Depreciation and amortization | 50.1 | 75 | 95.8 | 112 | 133 | 145 | 134 | |
| Stock-based compensation | 6.7 | 1.2 | 2.7 | 4.3 | 4.8 | 3.8 | ||
| Deferred income tax | -6.6 | 3.6 | -1.2 | -10.1 | -8.6 | 20.8 | ||
| Change in receivables | -23.2 | -1.5 | -40.7 | -34.7 | -16.6 | 42.7 | 11.2 | |
| Change in inventory | -72.2 | -137 | -154 | -273 | -286 | -145 | -48.9 | |
| Change in payables | 1.56 | |||||||
| Cash from operations | -0 | -5.5 | -35 | 30.7 | 18.5 | 58.4 | 57 | 33 |
| Capital expenditures | -2.7 | -4.4 | -8.1 | -12.8 | -12.4 | -15.4 | -9.2 | |
| Acquisitions | -65.6 | -180 | -63.4 | -86.7 | -45.6 | -2.7 | ||
| Cash from investing | -87.8 | -228 | -113 | -155 | -117 | -56.2 | -22.7 | |
| Debt issued | 20 | 149 | ||||||
| Debt repaid | -12 | -6.8 | -1.9 | |||||
| Stock issued | 4 | |||||||
| Share buybacks | -5.9 | -5.8 | -7.5 | |||||
| Dividends paid | -2.6 | -3 | -3 | -3 | -3 | |||
| Cash from financing | 0.05 | 91.8 | 264 | 83.8 | 137 | 87.3 | -17.9 | -5.3 |
| Exchange rate effect | 0.1 | |||||||
| Net change in cash | 0.05 | -1.5 | 1.2 | 1.1 | 0.4 | 28.3 | -17.6 | 5.2 |
| Free cash flow | -8.2 | -39.4 | 22.6 | 5.7 | 46 | 41.6 | 23.8 | |
| Interest paid | 13.2 | 29.3 | 20.2 | 28 | 53.6 | 76.4 | 83.4 | |
| Income taxes paid | 0 | 0 | 1 | 5.7 | 3.7 | 4.3 |
Key metrics
Profitability
| Metric | Value | How it is calculated |
|---|---|---|
| Gross margin | 25.9% | Gross profit / revenue. |
| Operating margin | 0.9% | Operating income / revenue. |
| EBITDA margin | 8.1% | EBITDA (operating income + depreciation and amortization) / revenue. |
| Pre-tax margin | -3.6% | Pre-tax income / revenue. |
| Net margin | -4.4% | Net income / revenue. |
| FCF margin | 2.8% | Free cash flow (cash from operations - capital expenditures) / revenue. |
| Operating cash flow margin | 3.4% | Cash from operations / revenue. |
| Return on assets (ROA) | -6.1% | Net income / average total assets. |
| Return on invested capital (ROIC) | 1.9% | 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 | 23.5% | Selling, general and administrative expense / revenue. |
| Stock-based pay / revenue | 0.2% | Stock-based compensation (from the cash flow statement) / revenue. |
| Capex / revenue | 0.6% | Capital expenditures / revenue. |
| D&A / revenue | 7.2% | Depreciation and amortization / revenue. |
Growth
| Metric | Value | How it is calculated |
|---|---|---|
| Revenue growth, 1y | -2.2% | Revenue vs the same period a year earlier. Only from a positive base. |
| Revenue CAGR, 3y | 5.3% | Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive. |
| Revenue CAGR, 5y | 16.0% | Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive. |
| Gross profit growth, 1y | -3.9% | Gross profit vs the same period a year earlier. Only from a positive base. |
| Gross profit CAGR, 3y | 4.2% | 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 | 17.2% | Compound annual growth of gross profit over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive. |
| Operating income growth, 1y | 24.7% | Operating income vs the same period a year earlier. Only from a positive base. |
| Operating income CAGR, 3y | -17.2% | Compound annual growth of operating income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive. |
| EBITDA growth, 1y | -3.9% | EBITDA vs the same period a year earlier. Only from a positive base. |
| EBITDA CAGR, 3y | 0.9% | Compound annual growth of ebitda over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive. |
| EBITDA CAGR, 5y | 18.6% | Compound annual growth of ebitda over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive. |
| Operating cash flow growth, 1y | -42.1% | Operating cash flow vs the same period a year earlier. Only from a positive base. |
| Operating cash flow CAGR, 3y | 21.3% | Compound annual growth of operating cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive. |
| Free cash flow growth, 1y | -42.8% | Free cash flow vs the same period a year earlier. Only from a positive base. |
| Free cash flow CAGR, 3y | 61.0% | Compound annual growth of free cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive. |
| Dividend per share growth, 1y | -50.0% | Dividend per share vs the same period a year earlier. Only from a positive base. |
| Dividend per share CAGR, 3y | 0.0% | Compound annual growth of dividend per share over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive. |
| Book value growth, 1y | -111.3% | Book value vs the same period a year earlier. Only from a positive base. |
| Total assets growth, 1y | -9.7% | Total assets vs the same period a year earlier. Only from a positive base. |
| Total assets CAGR, 3y | 1.2% | 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 | 12.4% | 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 | -1.4% | 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 | 0.4% | 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 | 4.2% | 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 | 1.38x | Current assets / current liabilities. |
| Quick ratio | 0.45x | (Cash + short-term investments + receivables) / current liabilities. |
| Cash ratio | 0.04x | (Cash + short-term investments) / current liabilities. |
| Debt / assets | 55.2% | Total debt / total assets. |
| Liabilities / assets | 102.7% | Total liabilities / total assets. |
| Net debt | $709.7M | Total debt - cash - short-term investments. Negative means more cash than debt. |
| Net debt / EBITDA | 4.83x | Net debt / EBITDA (twelve months), when EBITDA is positive. |
| Interest coverage | 0.20x | Operating income / interest expense. |
| Working capital | $200.8M | Current assets - current liabilities. |
| Goodwill and intangibles / assets | 9.3% | (Goodwill + intangible assets) / total assets. |
| Tangible book value | -$158.6M | Shareholders' equity - goodwill - intangible assets. |
Efficiency
| Metric | Value | How it is calculated |
|---|---|---|
| Asset turnover | 1.37x | Revenue / average total assets. |
| Fixed asset turnover | 27.7x | Revenue / average property, plant and equipment. |
| Inventory turnover | 2.95x | Cost of revenue / average inventory. |
| Days inventory | 124 days | 365 x average inventory / cost of revenue. |
| Receivables turnover | 8.53x | Revenue / average receivables. |
| Days sales outstanding | 43 days | 365 x average receivables / revenue. |
| Days payables | 23 days | 365 x average accounts payable / cost of revenue. |
| Cash conversion cycle | 143 days | Days inventory + days sales outstanding - days payables. |
| Capex / operating cash flow | 18.1% | Capital expenditures / cash from operations, when that is positive. |
Per share
| Metric | Value | How it is calculated |
|---|---|---|
| EPS, diluted | -$2.45 | 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 | $55.44 | Revenue / diluted weighted shares. |
| FCF per share | $1.56 | Free cash flow / diluted weighted shares. |
| Operating cash flow per share | $1.91 | Cash from operations / diluted weighted shares. |
| Book value per share | -$1.11 | Shareholders' equity / shares outstanding (diluted weighted shares when not reported). |
| Tangible book per share | -$4.87 | Tangible book value / shares outstanding. |
| Cash per share | $0.64 | (Cash + short-term investments) / shares outstanding. |
| Dividends / FCF | 5.9% | Dividends paid / free cash flow, when free cash flow is positive. |
Valuation
| Metric | Value | How it is calculated |
|---|---|---|
| Market cap | $203.2M | Share price x shares outstanding. |
| Enterprise value | $912.9M | Market cap + total debt - cash - short-term investments. |
| P/S | 0.11x | Market cap / revenue. |
| P/FCF | 3.97x | Market cap / free cash flow. Only when free cash flow is positive. |
| P/OCF | 3.25x | Market cap / cash from operations, when positive. |
| EV/Sales | 0.50x | Enterprise value / revenue. |
| EV/EBIT | 56.0x | Enterprise value / operating income, when both are positive. |
| EV/EBITDA | 6.21x | Enterprise value / EBITDA, when both are positive. |
| EV/FCF | 17.8x | Enterprise value / free cash flow, when both are positive. |
| FCF yield | 25.2% | Free cash flow / market cap. |
| Earnings yield | -39.5% | Net income / market cap (the inverse of P/E). |
| Dividend yield | 1.5% | Dividends paid over the period / market cap. |
| Shareholder yield | 1.5% | (Dividends paid + share buybacks) / market cap. |
What was ALTA EQUIPMENT GROUP INC.'s revenue in fiscal 2025?
ALTA EQUIPMENT GROUP INC. reported revenue of $1.84B for fiscal 2025, 2.2% lower than the year before.
Was ALTA EQUIPMENT GROUP INC. profitable in fiscal 2025?
No. It reported a net loss of $80.3M.
How much free cash flow did ALTA EQUIPMENT GROUP INC. generate in fiscal 2025?
Cash from operations of $33.0M minus capital expenditures of $9.2M left free cash flow of $23.8M.