Concrete Pumping Holdings, Inc. financial statements

Income statement, balance sheet and cash flow statement for the last 7 fiscal years, taken from the XBRL data Concrete Pumping Holdings, 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	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	243	304	316	401	442	426	393
Cost of revenue	137	167	178	238	264	260	242
Gross profit	106	137	138	164	178	166	151
General and administrative	58.8	111	99.4	113	117	116	110
Operating income	40	-31.7	38	50.1	61.5	49.3	41.5
Interest expense	21.4	34.4	25.2	25.9	28.1	25.6	31.6
Other non-operating income	0.06	0.17	0.12	0.09	0.33	0.41	0.34
Pre-tax income	18.6	-66.2	-12.4	34.2	40.6	24.3	10.1
Income tax	-9.78	-4.98	2.64	5.53	8.77	8.1	3.68
Net income	28.4	-61.3	-15.1	28.7	31.8	16.2	6.37
EBITDA	57.7	-3.46	66.8	85	120	106	95.1
EPS, basic	2.72	-1.20	-0.31	0.48	0.54	0.27	0.09
EPS, diluted	2.47	-1.20	-0.31	0.47	0.54	0.26	0.09
Shares, basic (weighted)	7.58	52.8	53.4	53.9	53.3	53.5	52.1
Shares, diluted (weighted)	8.33	52.8	53.4	54.9	54.2	54.2	52.7

Balance sheet

	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Cash and equivalents	8.62	6.74	9.3	7.48	15.9	43	44.4
Receivables	40.1	44.3	49	62.9	63	56.4	53.1
Inventory	3.81	4.63	4.9	5.53	6.73	5.92	7.42
Other current assets	3.95	2.69	4.11	5.18	8.7	6.96	8.41
Total current assets	56.5	60	67.6	81.6	94.3	112	113
Property, plant and equipment	202	304	338	419	428	416	413
Lease right-of-use assets			0	24.8	24.8	26.2	22.9
Goodwill	74.7	223	225	220	222	223	224
Intangible assets	36.4	184	138	138	120	106	93.9
Other non-current assets		1.75	2.17	2.03	14.3	12.6	11.2
Total assets	370	774	793	887	905	898	880
Accounts payable	5.19	6.59	10.7	8.36	8.91	7.67	6.27
Accrued liabilities	6.71	13.1	12.2	13.3	14.3	14.3	12
Total current liabilities	96.4	62.3	48.2	110	84	56.3	52.3
Long-term debt	173	344	369	370	372	373	418
Lease liabilities			0	21	20.5	21.7	18.7
Other non-current liabilities				0	14.1	13.3	11.5
Total liabilities	309	482	505	583	571	551	590
Total debt	173	365	423	370	372	373	418
Paid-in capital	18.7	368	374	379	383	386	390
Retained earnings	26.7	-99.8	-115	-86.2	-54.4	-38.2	-85
Treasury stock		-0.13	-0.46	-4.61	-15.1	-25.9	-41.7
Other comprehensive income	0.58	-0.61	3.67	-9.23	-5.49	-0.48	1.59
Shareholders' equity	46	267	263	279	308	322	265
Total equity	46	267	263	279	308	322	265
Total liabilities and equity	370	774	793	887	905	898	880
Shares outstanding	7.58	56.5	56.6	56.2	54.8	53.3	51.3

Cash flow statement

	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Net income	28.4	-61.3	-15.1	28.7	31.8	16.2	6.37
Depreciation and amortization	17.7	28.3	28.8	34.9	58.7	57.1	53.5
Stock-based compensation	0.28	11.5	6.59	5.03	3.85	2.39	2.05
Deferred income tax	-11.1	-1.03	2.55	5.21	6.14	5.46	2.53
Change in receivables	-7.47	1.6	-4.17	-15.3	0.33	7.16	3.54
Change in inventory	-0.71	0.62	-0.2	-0.87	-1.14	0.6	-1.2
Change in payables	-1.83	-0.8	3.97	-3.04	-0.46	-1.68	-1.52
Cash from operations	39.6	79	75.8	76.7	96.9	86.9	64.3
Capital expenditures	-31.7	-39.3	-62.8	-102	-54.5	-43.8	-46.8
Cash from investing	-49.5	-35.9	-56.6	-124	-44.2	-32.1	-37.3
Debt issued						0	425
Debt repaid						0	-375
Stock issued		0	0	0.09
Share buybacks		-0.13	-0.33	-4.15	-10.5	-10.2	-14.2
Dividends paid						0	-53.1
Cash from financing	13	-43.9	-16	46	-44.3	-28.8	-25.8
Exchange rate effect	-1.44	0.07
Net change in cash	1.7	-0.74	2.56	-1.82	8.38	27.2	1.35
Free cash flow	7.88	39.6	13	-25.2	42.4	43.1	17.5
Interest paid	22.2	33.1	17.4	23.7	26.5	23.9	27.5
Income taxes paid	1.07	3.35	0.99	0.41	0.67	3.42	1.44

Key metrics

Worked out from the statements above. Latest values use the trailing twelve months to July 31, 2026; growth uses fiscal years. Valuation uses the share price of $9.77 on September 25, 2026.

Profitability

Metric	Value	How it is calculated
Gross margin	38.3%	Gross profit / revenue.
Operating margin	11.5%	Operating income / revenue.
EBITDA margin	23.8%	EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin	3.8%	Pre-tax income / revenue.
Net margin	2.4%	Net income / revenue.
FCF margin	3.7%	Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin	16.1%	Cash from operations / revenue.
Effective tax rate	35.0%	Income tax / pre-tax income, when pre-tax income is positive.
Return on equity (ROE)	3.9%	Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)	1.1%	Net income / average total assets.
Return on invested capital (ROIC)	4.9%	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%.
Stock-based pay / revenue	0.8%	Stock-based compensation (from the cash flow statement) / revenue.
Capex / revenue	12.4%	Capital expenditures / revenue.
D&A / revenue	12.3%	Depreciation and amortization / revenue.

Growth

Metric	Value	How it is calculated
Revenue growth, 1y	-7.7%	Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y	-0.7%	Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y	5.2%	Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Gross profit growth, 1y	-8.9%	Gross profit vs the same period a year earlier. Only from a positive base.
Gross profit CAGR, 3y	-2.6%	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	1.9%	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	-15.8%	Operating income vs the same period a year earlier. Only from a positive base.
Operating income CAGR, 3y	-6.1%	Compound annual growth of operating income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EBITDA growth, 1y	-10.7%	EBITDA vs the same period a year earlier. Only from a positive base.
EBITDA CAGR, 3y	3.8%	Compound annual growth of ebitda over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Net income growth, 1y	-60.7%	Net income vs the same period a year earlier. Only from a positive base.
Net income CAGR, 3y	-39.4%	Compound annual growth of net income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EPS growth, 1y	-65.4%	EPS vs the same period a year earlier. Only from a positive base.
EPS CAGR, 3y	-42.4%	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	-26.0%	Operating cash flow vs the same period a year earlier. Only from a positive base.
Operating cash flow CAGR, 3y	-5.7%	Compound annual growth of operating cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating cash flow CAGR, 5y	-4.0%	Compound annual growth of operating cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Free cash flow growth, 1y	-59.3%	Free cash flow vs the same period a year earlier. Only from a positive base.
Free cash flow CAGR, 5y	-15.1%	Compound annual growth of free cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Book value growth, 1y	-17.7%	Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y	-1.8%	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	-0.2%	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	-2.1%	Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y	-0.3%	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	2.6%	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	-2.9%	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	-1.3%	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	-0.0%	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	1.71x	Current assets / current liabilities.
Quick ratio	1.41x	(Cash + short-term investments + receivables) / current liabilities.
Cash ratio	0.57x	(Cash + short-term investments) / current liabilities.
Debt / equity	1.56x	Total debt / shareholders' equity. Not shown when equity is negative.
Debt / assets	46.1%	Total debt / total assets.
Liabilities / assets	67.8%	Total liabilities / total assets.
Net debt	$375.8M	Total debt - cash - short-term investments. Negative means more cash than debt.
Net debt / EBITDA	3.73x	Net debt / EBITDA (twelve months), when EBITDA is positive.
Interest coverage	1.44x	Operating income / interest expense.
Working capital	$53.5M	Current assets - current liabilities.
Goodwill and intangibles / assets	34.8%	(Goodwill + intangible assets) / total assets.
Tangible book value	-$48.5M	Shareholders' equity - goodwill - intangible assets.

Efficiency

Metric	Value	How it is calculated
Asset turnover	0.47x	Revenue / average total assets.
Fixed asset turnover	0.99x	Revenue / average property, plant and equipment.
Inventory turnover	29.5x	Cost of revenue / average inventory.
Days inventory	12 days	365 x average inventory / cost of revenue.
Receivables turnover	6.75x	Revenue / average receivables.
Days sales outstanding	54 days	365 x average receivables / revenue.
Days payables	13 days	365 x average accounts payable / cost of revenue.
Cash conversion cycle	53 days	Days inventory + days sales outstanding - days payables.
FCF conversion	150.5%	Free cash flow / net income, when net income is positive.
Capex / operating cash flow	77.1%	Capital expenditures / cash from operations, when that is positive.

Per share

Metric	Value	How it is calculated
EPS, diluted	$0.20	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	$8.28	Revenue / diluted weighted shares.
FCF per share	$0.30	Free cash flow / diluted weighted shares.
Operating cash flow per share	$1.33	Cash from operations / diluted weighted shares.
Book value per share	$5.32	Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share	-$0.96	Tangible book value / shares outstanding.
Cash per share	$0.85	(Cash + short-term investments) / shares outstanding.
Buybacks / FCF	58.6%	Share buybacks / free cash flow, when free cash flow is positive.

Valuation

Metric	Value	How it is calculated
Market cap	$492.3M	Share price x shares outstanding.
Enterprise value	$868.1M	Market cap + total debt - cash - short-term investments.
P/E	47.6x	Market cap / net income. Only when net income is positive.
P/S	1.16x	Market cap / revenue.
P/B	1.84x	Market cap / shareholders' equity. Only when equity is positive.
P/FCF	31.6x	Market cap / free cash flow. Only when free cash flow is positive.
P/OCF	7.23x	Market cap / cash from operations, when positive.
EV/Sales	2.05x	Enterprise value / revenue.
EV/EBIT	17.9x	Enterprise value / operating income, when both are positive.
EV/EBITDA	8.63x	Enterprise value / EBITDA, when both are positive.
EV/FCF	55.7x	Enterprise value / free cash flow, when both are positive.
FCF yield	3.2%	Free cash flow / market cap.
Earnings yield	2.1%	Net income / market cap (the inverse of P/E).
Shareholder yield	1.9%	(Dividends paid + share buybacks) / market cap.

What was Concrete Pumping Holdings, Inc.'s revenue in fiscal 2025?

Concrete Pumping Holdings, Inc. reported revenue of $392.9M for fiscal 2025, 7.7% lower than the year before.

Was Concrete Pumping Holdings, Inc. profitable in fiscal 2025?

Yes. Net income was $6.4M, a net margin of 1.6%.

How much free cash flow did Concrete Pumping Holdings, Inc. generate in fiscal 2025?

Cash from operations of $64.3M minus capital expenditures of $46.8M left free cash flow of $17.5M.

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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