CKX LANDS, INC. financial statements

Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data CKX LANDS, 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

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	0.86	1.14	1.19	0.81	0.67	0.74	1.11	1.49	1.52	0.84
General and administrative	0.51	0.5	0.57	0.62	0.61	0.65	2.88	1.45	1.42	0.69
Operating income	0.19	0.54	1.37	0.19	0.38	1.06	-1.84	0.12	0.12	3.64
Interest income	0.03	0.04	0.1	0.11	0.04	0.02	0.04	0.16	0.21	0.34
Other non-operating income	0.03	0.04
Pre-tax income	0.22	0.59	1.47	0.3	0.44	1.08	-1.81	0.28	0.34	3.98
Income tax	0.05	0.06	0.35	0.05	0.1	0.26	-0.49	0.14	0.09	0.97
Net income	0.17	0.52	1.12	0.25	0.34	0.82	-1.32	0.14	0.25	3.01
EBITDA	0.19	0.56	1.37	0.19	0.38	1.07	-1.84	0.13	0.12	3.64
EPS, basic	0.09	0.27	0.57	0.13	0.17	0.42	-0.67	0.07	0.12	1.47
EPS, diluted	0.09	0.00	0.00	0.00	0.00	0.42	-0.67	0.07	0.12	1.47
Shares, basic (weighted)	1.94	1.94	1.94	1.94	1.94	1.94	1.96	1.97	2.02	2.05
Shares, diluted (weighted)	1.94	1.94	1.94	1.94	1.94	1.94	1.96	2.01	2.05	2.05
Dividend per share		0.10	0.12

Balance sheet

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Cash and equivalents	1.08	1.65	1.86	3.28	6.46	7.41
Short-term investments										0
Receivables	0.06	0.11	0.12	0.1	0.1	0.05	0.13	0.1	0.08	0.04
Other current assets			0.04	0.04	0.01	0.04	0.03	0.21	0.17	0.01
Total current assets	4.54	4.48	5.63	6.62	7.07	8	8.31	9.39	9.58	18.1
Property, plant and equipment	9.16	9.3	9.25	9.24	9.24	9.06	9.08	9.1	9.04	4.22
Total assets	14.4	14.7	15.6	15.9	16.3	17.1	17.7	18.8	18.8	22.3
Accounts payable	0.12	0.21	0.09	0.06	0.11	0.11	0.04	0.16	0.05	0.09
Deferred revenue			0.11	0.17	0.23	0.15	0.23	0.18	0.21	0.17
Total current liabilities	0.13	0.22	0.22	0.23	0.34	0.26	0.27	0.5	0.26	0.73
Total liabilities	0.43	0.41	0.4	0.42	0.53	0.45	0.27	0.5	0.26	0.84
Paid-in capital						0	2.31	3.15	3.37	3.37
Retained earnings	13.9	14.3	15.1	15.4	15.7	16.5	15.2	15.4	15.6	18.6
Treasury stock						0	-0.18	-0.26	-0.47	-0.62
Shareholders' equity	14	14.3	15.2	15.4	15.8	16.6	17.4	18.3	18.6	21.4
Total equity	14	14.3	15.2	15.4	15.8	16.6	17.4	18.3	18.6	21.4
Total liabilities and equity	14.4	14.7	15.6	15.9	16.3	17.1	17.7	18.8	18.8	22.3
Shares outstanding	1.94	1.94	1.94	1.94	1.94	1.94	1.97	1.99	2.03	2.05

Cash flow statement

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Net income	0.17	0.52	1.12	0.25	0.34	0.82	-1.32	0.14	0.25	3.01
Depreciation and amortization	0	0.02	0	0	0	0	0.01	0	0	0
Stock-based compensation						0	2.31	0.84	0.22	0
Deferred income tax	0.01	-0.11				0	-0.49	0.03	0.1	0.34
Cash from operations	0.28	0.4	0.24	0.19	0.14	-0.26	0.41	0.88	0.2	0.46
Capital expenditures	-0.01	-0.16	-0.06
Purchases of investments			-0.24	-0.26	-0	-0
Sales and maturities of investments	3.56	3.61	2.66	3.85	4.68	0
Cash from investing	-1.97	0.36	0.2	1.22	3.04	1.21	-0.5	-0.39	-4.12	14.3
Share buybacks						0	-0.18	-0.09	-0.21	-0.15
Dividends paid		-0.19	-0.23	0	0	0	0	0	0	0
Cash from financing	0.01	-0.19	-0.23			0	-0.18	-0.09	-0.21	-0.15
Net change in cash	-1.69	0.57	0.21	1.42	3.18	0.95	-0.26	0.4	-4.13	14.6
Free cash flow	0.27	0.25	0.19
Interest paid					0	0	0	0	0	0
Income taxes paid	0.01	0.17	0.36	0.07	0.09	0.29	0	0	0.26	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 $10.82 on September 25, 2026.

Profitability

Metric	Value	How it is calculated
Operating margin	478.5%	Operating income / revenue.
EBITDA margin	478.8%	EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin	542.1%	Pre-tax income / revenue.
Net margin	419.8%	Net income / revenue.
Operating cash flow margin	-14.2%	Cash from operations / revenue.
Effective tax rate	22.6%	Income tax / pre-tax income, when pre-tax income is positive.
Return on equity (ROE)	13.5%	Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)	13.3%	Net income / average total assets.
Return on invested capital (ROIC)	11.9%	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%.
D&A / revenue	0.3%	Depreciation and amortization / revenue.

Growth

Metric	Value	How it is calculated
Revenue growth, 1y	-44.9%	Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y	-8.8%	Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y	4.5%	Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating income growth, 1y	3,012.0%	Operating income vs the same period a year earlier. Only from a positive base.
Operating income CAGR, 5y	57.2%	Compound annual growth of operating income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
EBITDA growth, 1y	2,903.0%	EBITDA vs the same period a year earlier. Only from a positive base.
EBITDA CAGR, 5y	57.1%	Compound annual growth of ebitda over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Net income growth, 1y	1,103.0%	Net income vs the same period a year earlier. Only from a positive base.
Net income CAGR, 5y	54.7%	Compound annual growth of net income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
EPS growth, 1y	1,125.0%	EPS vs the same period a year earlier. Only from a positive base.
Operating cash flow growth, 1y	124.5%	Operating cash flow vs the same period a year earlier. Only from a positive base.
Operating cash flow CAGR, 3y	3.6%	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	26.8%	Compound annual growth of operating cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Book value growth, 1y	15.4%	Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y	7.2%	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	6.3%	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	18.2%	Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y	8.0%	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	6.4%	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	-0.4%	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	1.5%	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	1.0%	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	125x	Current assets / current liabilities.
Liabilities / assets	1.1%	Total liabilities / total assets.
Working capital	$17.5M	Current assets - current liabilities.
Tangible book value	$21.6M	Shareholders' equity - goodwill - intangible assets.

Efficiency

Metric	Value	How it is calculated
Asset turnover	0.03x	Revenue / average total assets.
Fixed asset turnover	0.16x	Revenue / average property, plant and equipment.
Receivables turnover	30.7x	Revenue / average receivables.
Days sales outstanding	12 days	365 x average receivables / revenue.

Per share

Metric	Value	How it is calculated
EPS, diluted	$1.42	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	$0.34	Revenue / diluted weighted shares.
Operating cash flow per share	-$0.05	Cash from operations / diluted weighted shares.
Book value per share	$10.53	Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share	$10.53	Tangible book value / shares outstanding.

Valuation

Metric	Value	How it is calculated
Market cap	$22.2M	Share price x shares outstanding.
Enterprise value	$22.2M	Market cap + total debt - cash - short-term investments.
P/E	7.63x	Market cap / net income. Only when net income is positive.
P/S	32.0x	Market cap / revenue.
P/B	1.03x	Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book	1.03x	Market cap / tangible book value, when positive.
EV/Sales	32.0x	Enterprise value / revenue.
EV/EBIT	6.69x	Enterprise value / operating income, when both are positive.
EV/EBITDA	6.69x	Enterprise value / EBITDA, when both are positive.
Earnings yield	13.1%	Net income / market cap (the inverse of P/E).

What was CKX LANDS, INC.'s revenue in fiscal 2025?

CKX LANDS, INC. reported revenue of $838.5K for fiscal 2025, 44.9% lower than the year before.

Was CKX LANDS, INC. profitable in fiscal 2025?

Yes. Net income was $3.0M, a net margin of 359%.

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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