FIRST CAPITAL INC financial statements

Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data FIRST CAPITAL 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	4.46	4.97	5.26	5.53	5.76	6.45	7.15	7.01	7.06	7.17
Operating income	9.4	10.6	10.7	12.3	11.8	13.7	14.2	15.1	14.2
Interest expense	1.76	1.39	1.61	1.96	1.56	1.13	1.59	9.02
Pre-tax income			5.52	3.83	1.77	2.25	3.34	15.1	14.2	19.9
Income tax	2.52	3.1	1.39	1.99	1.69	2.24	2.32	2.25	2.22	3.53
Net income to minority interests	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01
Net income	6.86	7.44	9.25	10.3	10.1	11.4	11.9	12.8	11.9	16.4
EBITDA	10.6	11.8	11.9	13.4	13	14.8	15.3	16.1	15.3
EPS, basic	2.05	2.24	2.78	3.10	3.03	3.41	3.55	3.82	3.57	4.89
EPS, diluted	2.05	2.23	2.77	3.09	3.02	3.41	3.55	3.82	3.57	4.89
Shares, basic (weighted)	3.34	3.33	3.33	3.33	3.34	3.35	3.36	3.35	3.35	3.35
Shares, diluted (weighted)	3.34	3.33	3.34	3.34	3.35	3.35	3.36	3.35	3.35	3.35
Dividend per share	0.84	0.86	0.92	0.95	0.96	1.04	1.04	1.08	1.12	1.20

Balance sheet

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Property, plant and equipment	14.8	15	14.4	16.4	16	15.2	14.7	14.4	14.2	14.4
Lease right-of-use assets								0.02	0	0
Goodwill	6.47	6.47	6.47	6.47	6.47	6.47	6.47	6.47	6.47	6.47
Intangible assets	1.26	1.11	0.97	0.82	0.67	0.53	0.38	0.23	0.09	0
Total assets	744	759	794	827	1,018	1,157	1,151	1,158	1,188	1,272
Short-term debt									0	0
Total liabilities	668	678	708	729	907	1,043	1,066	1,053	1,073	1,134
Paid-in capital	39.5	39.5	40.2	40.7	41.7	41.7	41.6	41.6	41.7	41.8
Retained earnings	47.1	52	58.1	65.3	72.2	80.1	88.5	97.1	105	118
Treasury stock	-8.3	-8.32	-8.35	-8.39	-8.54	-8.67	-8.69	-9.22	-9.28	-9.88
Other comprehensive income	-2.28	-2.06	-3.48	2.14	6.82	1.73	-35.7	-24	-23	-11.6
Shareholders' equity	75.7	80.9	85.8	98.8	111	114	85.2	105	115	138
Minority interests	0.11	0.11	0.11	0.11	0.11	0.11	0.11	0.11	0.11	0.11
Total equity	75.8	81.1	86	98.9	111	114	84.7	105	115	138
Total liabilities and equity	744	759	794	827	1,018	1,157	1,151	1,158	1,188	1,272
Shares outstanding	3.34	3.34	3.35	3.36	3.38	3.37	3.37	3.35	3.35	3.34

Cash flow statement

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Net income	6.88	7.45	9.27	10.3	10.1	11.4	11.9	12.8	12	16.4
Depreciation and amortization	1.19	1.23	1.22	1.07	1.2	1.14	1.07	1.03	1.1	1.09
Stock-based compensation	0.08	0.09	0.19	0.29	0.38	0.49	0.44	0.25	0.2	0.1
Deferred income tax	0.22	0.35	-0.4	0.48	-0.08	-0.13	-0.12	-0.7	-0.55	-0.9
Cash from operations	8.24	13.4	13.3	14.1	12.1	21.6	16.5	14.2	22.3	21.3
Capital expenditures	-1.99	-1.27	-0.4	-2.97	-0.6	-0.29	-0.42	-0.63	-0.72	-1.35
Purchases of investments			-1.92	-69.3	-104	-252	-94.3	-37.2	-61.7	-138
Sales and maturities of investments	85.8	5.52	3.33	21.7	0	1.8	0	20.6	19.2	17.9
Cash from investing	-96.2	-40.4	-22.1	-21.1	-62.4	-156	-144	-23.9	29	-41.8
Share buybacks	-0.03	-0.02	-0.03	-0	-0.01	-0.04	0	-0.5	-0.04	-0.58
Dividends paid	-2.82	-2.88	-3.1	-3.21	-3.26	-3.52	-3.52	-3.63	-3.77	-4.04
Cash from financing	24.6	7.01	23.9	17.3	175	131	21.3	-17.8	15.9	51.9
Net change in cash	-63.4	-20	15.2	10.2	125	-3.38	-106	-27.6	67.2	31.4
Free cash flow	6.25	12.2	12.9	11.1	11.5	21.3	16.1	13.5	21.6	19.9
Interest paid	1.91	1.47	1.57	1.9	1.62	1.18	1.57	7.93	14	14.4
Income taxes paid	1.05	3.01	1.61	1.37	0.77	1.97	2.33	1.83	0.15	0.19

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 $60.29 on September 25, 2026.

Profitability

Metric	Value	How it is calculated
Net margin	252.8%	Net income / revenue.
FCF margin	297.5%	Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin	325.7%	Cash from operations / revenue.
Return on equity (ROE)	12.9%	Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)	1.4%	Net income / average total assets.
Stock-based pay / revenue	0.8%	Stock-based compensation (from the cash flow statement) / revenue.
Capex / revenue	28.2%	Capital expenditures / revenue.
D&A / revenue	15.0%	Depreciation and amortization / revenue.

Growth

Metric	Value	How it is calculated
Revenue growth, 1y	1.6%	Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y	0.1%	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.
Net income growth, 1y	37.1%	Net income vs the same period a year earlier. Only from a positive base.
Net income CAGR, 3y	11.2%	Compound annual growth of net income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Net income CAGR, 5y	10.1%	Compound annual growth of net income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
EPS growth, 1y	37.0%	EPS vs the same period a year earlier. Only from a positive base.
EPS CAGR, 3y	11.3%	Compound annual growth of eps over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EPS CAGR, 5y	10.1%	Compound annual growth of eps over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating cash flow growth, 1y	-4.7%	Operating cash flow vs the same period a year earlier. Only from a positive base.
Operating cash flow CAGR, 3y	8.8%	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	12.0%	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	-7.8%	Free cash flow vs the same period a year earlier. Only from a positive base.
Free cash flow CAGR, 3y	7.3%	Compound annual growth of free cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Free cash flow CAGR, 5y	11.7%	Compound annual growth of free cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Dividend per share growth, 1y	7.1%	Dividend per share vs the same period a year earlier. Only from a positive base.
Dividend per share CAGR, 3y	4.9%	Compound annual growth of dividend per share over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Dividend per share CAGR, 5y	4.6%	Compound annual growth of dividend per share over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Book value growth, 1y	20.2%	Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y	17.4%	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	4.5%	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	7.1%	Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y	3.4%	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	4.6%	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	0.1%	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	-0.1%	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
Liabilities / assets	88.9%	Total liabilities / total assets.
Goodwill and intangibles / assets	0.5%	(Goodwill + intangible assets) / total assets.
Tangible book value	$136.0M	Shareholders' equity - goodwill - intangible assets.

Efficiency

Metric	Value	How it is calculated
Asset turnover	0.01x	Revenue / average total assets.
Fixed asset turnover	0.49x	Revenue / average property, plant and equipment.
FCF conversion	117.7%	Free cash flow / net income, when net income is positive.
Capex / operating cash flow	8.7%	Capital expenditures / cash from operations, when that is positive.

Per share

Metric	Value	How it is calculated
EPS, diluted	$5.53	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	$2.18	Revenue / diluted weighted shares.
FCF per share	$6.50	Free cash flow / diluted weighted shares.
Operating cash flow per share	$7.12	Cash from operations / diluted weighted shares.
Book value per share	$42.60	Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share	$40.67	Tangible book value / shares outstanding.
Payout ratio	22.6%	Dividends paid / net income, when net income is positive.
Dividends / FCF	19.2%	Dividends paid / free cash flow, when free cash flow is positive.

Valuation

Metric	Value	How it is calculated
Market cap	$201.6M	Share price x shares outstanding.
Enterprise value	$201.6M	Market cap + total debt - cash - short-term investments.
P/E	10.9x	Market cap / net income. Only when net income is positive.
P/S	27.6x	Market cap / revenue.
P/B	1.41x	Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book	1.48x	Market cap / tangible book value, when positive.
P/FCF	9.29x	Market cap / free cash flow. Only when free cash flow is positive.
P/OCF	8.49x	Market cap / cash from operations, when positive.
EV/Sales	27.6x	Enterprise value / revenue.
EV/FCF	9.29x	Enterprise value / free cash flow, when both are positive.
FCF yield	10.8%	Free cash flow / market cap.
Earnings yield	9.1%	Net income / market cap (the inverse of P/E).
Dividend yield	2.1%	Dividends paid over the period / market cap.
Shareholder yield	2.1%	(Dividends paid + share buybacks) / market cap.
PEG	0.97x	P/E / EPS growth per year over 3 years (in percent). Only when both are positive.

What was FIRST CAPITAL INC's revenue in fiscal 2025?

FIRST CAPITAL INC reported revenue of $7.2M for fiscal 2025, 1.6% higher than the year before.

Was FIRST CAPITAL INC profitable in fiscal 2025?

Yes. Net income was $16.4M, a net margin of 228.3%.

How much free cash flow did FIRST CAPITAL INC generate in fiscal 2025?

Cash from operations of $21.3M minus capital expenditures of $1.4M left free cash flow of $19.9M.

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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