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Financial statements

EASTERN CO financial statements

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

FY2018FY2019FY2020FY2022FY2022FY2022FY2023FY2023FY2024FY2026
Revenue234252198247247279259273249
Cost of revenue176190150190221197205192
Gross profit58.761.948.156.858.661.867.357
Research and development6.956.022.754.14.245.594.894.06
Selling, general and administrative33.935.730.235.239.539.142.242.2
Operating income17.917.513.517.414.21720.110.7
Interest expense1.21.862.061.752.282.812.722.68
Other non-operating income0.930.611.773.372.510.86-0.35-0.5
Pre-tax income17.616.213.219.119.114.415.117.17.49
Income tax3.082.941.56-2.1-3.353.33.861.52
Income from continuing operations1116.211.111.813.25.97
Net income14.513.35.419.3512.38.598.59-8.537.13
EBITDA23.223.920.324.721.424.52617.3
EPS, basic4.754.361.771.491.981.38-1.371.17
EPS, diluted4.734.341.761.491.971.37-1.371.17
Shares, basic (weighted)3.063.056.246.266.266.226.236.216.09
Shares, diluted (weighted)3.073.066.266.266.266.246.276.226.1
Dividend per share0.900.900.440.440.440.440.440.44

Balance sheet

FY2018FY2019FY2020FY2022FY2022FY2022FY2023FY2023FY2024FY2026
Cash and equivalents13.91815.36.66.1710.28.05147.41
Short-term investments00.030.0300.992.050
Receivables30.337.931.843.242.934.235.530.1
Inventory52.854.643.162.964.658.455.256.3
Other current assets3.075.373.156.946.65.443.485.35
Total current assets10111611212412511211699.3
Property, plant and equipment29.9412928.326.123.527.526.9
Lease right-of-use assets012.312.611.112.217.114.216
Goodwill34.879.572.272.270.858.658.558.6
Intangible assets10.326.527.122.922.918.815.38.775.27
Other non-current assets2522350
Total assets181281276266262252235217
Accounts payable18.52021.329.627.624.619.716.4
Accrued liabilities4.163.823.474.383.335.195.484.2
Short-term debt2.335.196.447.57.59.012.873.60
Total current liabilities30.134.940.749.64742.744.827.6
Long-term debt26.493.682.363.863.855.141.138.633.9
Lease liabilities09.389.818.649.212.711.112.2
Other non-current liabilities0.352.471.140.670.750.730.550.46
Total liabilities84.417517115213512011592
Total debt28.798.888.771.371.364.143.942.233.9
Retained earnings110120-123129139145134138
Treasury stock-20.220.2-20.5-20.9-22.5-23.3-26.3-30.1
Other comprehensive income-22.6-25.2-29.5-26.5-23.4-23-22-19.6
Shareholders' equity96.9105104115115127132132121125
Total equity96.9105104115115127132132121125
Total liabilities and equity181281276266262252235217
Shares outstanding3.043.056.256.276.276.226.226.166.04

Cash flow statement

FY2018FY2019FY2020FY2022FY2022FY2022FY2023FY2023FY2024FY2026
Net income14.513.35.419.3512.38.598.59-8.537.13
Depreciation and amortization5.336.456.823.267.247.247.475.896.59
Stock-based compensation0.490.660.851.120.970.361.490.89
Deferred income tax0.95-2.09-2.12-3.01-3.05-1.12
Change in receivables-3.48-5.98-0.3111.31.086.721.32-7.86
Change in inventory-5.36-1.460.8419.65.36.13-3.130.27
Change in payables4.11-2.34-0.38.83-1.74-1.97-4-4.5
Cash from operations12.92314.6-7.767.4625.519.48.87
Capital expenditures-3.6-5.44-2.34-3.72-3.37-5.54-9.71-3.97
Acquisitions-4.99-81.2-7.170-0.440-0.42
Purchases of investments0-0.030-0.99-0.96
Sales and maturities of investments-0.030.01
Cash from investing-10.4-85.8-8.3513.65.09-4.64-7.89-0.51
Debt issued010000.2660036
Debt repaid-1.55-30.3-10-17.3-17.5-79.7-3.09-44.8
Stock issued000
Share buybacks-1.060-0.37-0.37-1.64-0.74-3.06-3.73
Dividends paid-2.76-2.74-2.75-2.76-2.74-2.77-2.73-2.68
Cash from financing-10.467-13.2-20.3-11.9-22.9-4.82-16.3
Exchange rate effect-0.45-0.090.360.17-0.19-0.04-0.710.51
Net change in cash-8.354.07-1.89-9.53.59-1.896.54-7.43
Free cash flow9.2817.512.2-11.54.09209.684.9
Interest paid1.21.862.752.272.272.53.393.222.89
Income taxes paid3.743.23.762.322.323.686.615.171.92

Key metrics

Worked out from the statements above. Latest values use the trailing twelve months to July 4, 2026; growth uses fiscal years. Valuation uses the share price of $24.10 on September 25, 2026.

Profitability

MetricValueHow it is calculated
Gross margin21.6%Gross profit / revenue.
Operating margin3.1%Operating income / revenue.
Net margin3.4%Net income / revenue.
Return on equity (ROE)6.2%Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)3.3%Net income / average total assets.
Return on invested capital (ROIC)3.7%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%.

Growth

MetricValueHow it is calculated
Revenue growth, 1y-8.7%Revenue vs the same period a year earlier. Only from a positive base.
Gross profit growth, 1y-15.3%Gross profit vs the same period a year earlier. Only from a positive base.
Operating income growth, 1y-47.0%Operating income vs the same period a year earlier. Only from a positive base.
EBITDA growth, 1y-33.7%EBITDA vs the same period a year earlier. Only from a positive base.
Operating cash flow growth, 1y-54.3%Operating cash flow vs the same period a year earlier. Only from a positive base.
Free cash flow growth, 1y-49.4%Free cash flow vs the same period a year earlier. Only from a positive base.
Dividend per share growth, 1y0.0%Dividend per share vs the same period a year earlier. Only from a positive base.
Book value growth, 1y3.3%Book value vs the same period a year earlier. Only from a positive base.
Total assets growth, 1y-7.9%Total assets vs the same period a year earlier. Only from a positive base.
Share count change, 1y-1.9%Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.

Balance sheet health

MetricValueHow it is calculated
Current ratio2.80xCurrent assets / current liabilities.
Quick ratio1.17x(Cash + short-term investments + receivables) / current liabilities.
Cash ratio0.34x(Cash + short-term investments) / current liabilities.
Debt / equity0.32xTotal debt / shareholders' equity. Not shown when equity is negative.
Debt / assets17.0%Total debt / total assets.
Liabilities / assets47.0%Total liabilities / total assets.
Net debt$26.5MTotal debt - cash - short-term investments. Negative means more cash than debt.
Working capital$80.2MCurrent assets - current liabilities.
Goodwill and intangibles / assets25.6%(Goodwill + intangible assets) / total assets.
Tangible book value$67.2MShareholders' equity - goodwill - intangible assets.

Efficiency

MetricValueHow it is calculated
Asset turnover0.97xRevenue / average total assets.
Fixed asset turnover7.72xRevenue / average property, plant and equipment.
Receivables turnover6.43xRevenue / average receivables.
Days sales outstanding57 days365 x average receivables / revenue.

Per share

MetricValueHow it is calculated
EPS, diluted$1.33Net 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$39.30Revenue / diluted weighted shares.
Book value per share$21.60Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share$11.17Tangible book value / shares outstanding.
Cash per share$2.52(Cash + short-term investments) / shares outstanding.

Valuation

MetricValueHow it is calculated
Market cap$145.0MShare price x shares outstanding.
Enterprise value$171.6MMarket cap + total debt - cash - short-term investments.
P/E18.0xMarket cap / net income. Only when net income is positive.
P/S0.61xMarket cap / revenue.
P/B1.12xMarket cap / shareholders' equity. Only when equity is positive.
Price / tangible book2.16xMarket cap / tangible book value, when positive.
EV/Sales0.72xEnterprise value / revenue.
EV/EBIT23.6xEnterprise value / operating income, when both are positive.
Earnings yield5.5%Net income / market cap (the inverse of P/E).
What was EASTERN CO's revenue in fiscal 2026?

EASTERN CO reported revenue of $249.0M for fiscal 2026, 8.7% lower than the year before.

Was EASTERN CO profitable in fiscal 2026?

Yes. Net income was $7.1M, a net margin of 2.9%.

How much free cash flow did EASTERN CO generate in fiscal 2026?

Cash from operations of $8.9M minus capital expenditures of $4.0M left free cash flow of $4.9M.

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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