Vulcan Infrastructure & Power Inc. financial statements
Income statement, balance sheet and cash flow statement for the last 6 fiscal years, taken from the XBRL data Vulcan Infrastructure & Power 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
FY2021
FY2021
FY2022
FY2023
FY2024
FY2025
Revenue
20.1
97.3
90
70.4
59.5
58.8
Selling, general and administrative
5.58
24
35.2
26.2
17.3
12.5
Operating income
-2.63
32.8
-233
-16.9
-11.4
-3.8
Interest expense
0.6
3.7
21.6
12.7
7.08
4.03
Other non-operating income
-0.66
-3.28
-21.6
-12.1
-8.41
8.6
Pre-tax income
-3.29
29.5
-255
-29
-19.9
4.81
Income tax
0
7.9
15
0
-0.07
-0.48
Income from continuing operations
21
-270
-29
-19.8
Net income
-3.29
-44.5
-271
-29.5
-19.8
5.29
EBITDA
1.93
41.3
-198
-3.29
2.02
8.02
EPS, basic
-14.09
-63.97
-4.43
-1.88
0.35
EPS, diluted
-12.29
-63.97
-4.43
-1.88
0.34
Shares, basic (weighted)
3.2
4.24
6.66
10.5
15.2
Shares, diluted (weighted)
3.67
4.24
6.66
10.5
15.3
Balance sheet
FY2021
FY2021
FY2022
FY2023
FY2024
FY2025
Cash and equivalents
5.05
82.6
15.2
13.3
8.62
19.6
Short-term investments
0
0.5
0
Receivables
0.39
0.24
2.7
0.36
1.49
1.95
Other current assets
0.16
7.48
6.27
11.1
2.62
1.54
Total current assets
7.77
101
33.1
24.4
26.8
34.8
Property, plant and equipment
56.6
216
130
45.1
30.3
15.7
Lease right-of-use assets
0
Goodwill
0
3.06
Intangible assets
0
3.54
Other non-current assets
0.57
2.16
Total assets
64.6
341
164
71.2
64.9
53.6
Accounts payable
1.75
5.75
9.61
3.5
3.85
1.95
Accrued liabilities
0.95
6.68
11.3
6.12
4.23
3.31
Deferred revenue
0.27
0
2.34
2.32
Total current liabilities
11.6
41.7
98.7
21
19.3
63
Long-term debt
1.36
75.3
84.6
68.7
68.1
3.08
Other non-current liabilities
0
0.19
0.11
2.65
2.77
2.74
Total liabilities
20.2
129
211
122
121
99.9
Total debt
68.7
68.1
43.1
Paid-in capital
0
282
294
320
334
338
Retained earnings
-24.9
-69.4
-340
-370
-390
-384
Shareholders' equity
44.4
212
-47
-51
-55.8
-46.3
Total equity
44.4
212
-47
-51
-55.8
-46.3
Total liabilities and equity
64.6
341
164
71.2
64.9
53.6
Shares outstanding
0
4.09
4.63
9.13
13
15.8
Cash flow statement
FY2021
FY2021
FY2022
FY2023
FY2024
FY2025
Net income
-3.29
-44.5
-271
-29.5
-19.8
5.29
Depreciation and amortization
4.56
8.47
35.1
13.6
13.5
11.8
Stock-based compensation
0
3.77
2.64
2.34
2.18
0.76
Deferred income tax
0
5.56
15.1
0
0
0
Change in receivables
-0.38
0.15
-2.46
2.34
-1.14
-0.46
Change in payables
-1.71
1.24
-0.05
-2.75
1.06
-1.83
Cash from operations
0.56
40.1
-14.5
-12.2
-12
-15
Cash from investing
-10.6
-136
-121
-6.03
-3.89
36.6
Debt repaid
0
-0.74
Stock issued
47.4
9.53
20.6
5.24
0
Cash from financing
3.3
174
62.1
13.8
11.2
-10.6
Net change in cash
-6.7
77.5
-67.4
-1.91
-4.69
Interest paid
0.09
2.39
16.5
8.14
6.15
4.97
Income taxes paid
0.08
2.34
-0.94
0.03
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 $25.30 on September 24, 2026.
Profitability
Metric
Value
How it is calculated
Operating margin
-24.0%
Operating income / revenue.
EBITDA margin
-5.8%
EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin
0.1%
Pre-tax income / revenue.
Net margin
1.0%
Net income / revenue.
Operating cash flow margin
-39.7%
Cash from operations / revenue.
Effective tax rate
-874.0%
Income tax / pre-tax income, when pre-tax income is positive.
Return on assets (ROA)
1.2%
Net income / average total assets.
SG&A / revenue
28.4%
Selling, general and administrative expense / revenue.
Stock-based pay / revenue
1.9%
Stock-based compensation (from the cash flow statement) / revenue.
D&A / revenue
18.1%
Depreciation and amortization / revenue.
Growth
Metric
Value
How it is calculated
Revenue growth, 1y
-1.3%
Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y
-13.2%
Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y
23.9%
Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
EBITDA growth, 1y
296.4%
EBITDA vs the same period a year earlier. Only from a positive base.
EBITDA CAGR, 5y
32.9%
Compound annual growth of ebitda over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y
-17.4%
Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y
-31.1%
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
-3.7%
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
46.0%
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
53.5%
Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Balance sheet health
Metric
Value
How it is calculated
Current ratio
0.41x
Current assets / current liabilities.
Quick ratio
0.06x
(Cash + short-term investments + receivables) / current liabilities.
Cash ratio
0.05x
(Cash + short-term investments) / current liabilities.
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
$2.97
Revenue / diluted weighted shares.
Operating cash flow per share
-$1.18
Cash from operations / diluted weighted shares.
Book value per share
-$3.19
Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Market cap + total debt - cash - short-term investments.
P/E
814x
Market cap / net income. Only when net income is positive.
P/S
7.79x
Market cap / revenue.
EV/Sales
7.73x
Enterprise value / revenue.
Earnings yield
0.1%
Net income / market cap (the inverse of P/E).
What was Vulcan Infrastructure & Power Inc.'s revenue in fiscal 2025?
Vulcan Infrastructure & Power Inc. reported revenue of $58.8M for fiscal 2025, 1.3% lower than the year before.
Was Vulcan Infrastructure & Power Inc. profitable in fiscal 2025?
Yes. Net income was $5.3M, a net margin of 9%.
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.