Enpro Inc. financial statements

Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data Enpro 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	1,188	1,310	1,532	1,206	800	840	1,099	1,059	1,049	1,143
Cost of revenue	792	716	856	802	515	512	676	633	604	656
Gross profit	396	385	419	404	286	328	423	427	445	488
Research and development	28.9	24.5	22.9	20.6	9.4	9.8	10.1	9.5	10.9	13.3
Selling, general and administrative	303	298	312	315	230	260	283	284	296	323
Operating expenses	398	315	333	347	256	263	351	350	303	326
Operating income	-2.5	70.2	85.8	56.6	29.1	65.4	72.2	76.8	142	162
Interest expense	55.9	50.9	28.5	19.6	16.5	16.2	35.6	45	40.9	34
Interest income	0.8	1.5	1.2	1.4	1.6	2.5	1.7	14.9	6.4	5.8
Other non-operating income	-11.1	-9.2	-43.4	-34.1	-37.7	14.3	-10	-9	-13.4	-8.6
Pre-tax income	-68.7	546	15.1	4.3	-23.5	66	28.3	37.7	94.4	57.6
Income tax	-28.6	28.1	19.8	-3.5	-2.5	8.7	24.4	30.8	21.5	17.1
Income from continuing operations		518	-4.7	7.8	-21.4	56.9	6.7	10.8	72.9	40.5
Net income	-40.1	540	19.6	38.3	178	178	205	22.2	72.9	40.5
EBITDA	54.6	129	152	125	85.7	129	175	171	243	264
EPS, basic	-1.86	25.28	0.94	1.86	8.64	8.64	9.86	1.06	3.48	1.92
EPS, diluted	-1.86	24.76	0.94	1.85	8.64	8.57	9.83	1.05	3.45	1.91
Shares, basic (weighted)	21.6	21.3	20.9	20.7	20.5	20.6	20.8	20.9	21	21
Shares, diluted (weighted)	21.6	21.8	20.9	20.8	20.5	20.8	20.9	21	21.1	21.2
Dividend per share	0.84	0.88	0.96	1.00	1.04	1.04	1.12	1.16	1.20	1.24

Balance sheet

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Cash and equivalents	112	189	130	121	230	338	334	370	236	115
Short-term investments							0
Inventory	175	204	174	157	139	136	152	143	139	154
Other current assets	29.9	51.3	28.8	27.6	17.6	35.8	44.9	21.2	21.3	35.1
Total current assets	525	820	732	750	579	805	684	650	512	438
Property, plant and equipment	215	297	234	219	195	184	185	194	193	222
Lease right-of-use assets				37.5	44.1	51.7	45.5	48.5	52.5	63.8
Goodwill	202	324	322	485	605	948	864	808	896	1,065
Other non-current assets	38.2	86.5	50.1	115	134	143	115	114	99.5	116
Total assets	1,546	1,886	1,716	2,035	2,084	2,975	2,648	2,500	2,492	2,663
Accounts payable	103	131	96.4	82.7	69.8	72	73.4	68.7	66	71.6
Accrued liabilities	131	137	132	137	128	117	120	120	116	117
Short-term debt	0.2	0.2	2.4	4.1	3.8	12.7	15.6	8.1	16	0.2
Total current liabilities	303	268	292	314	202	386	212	196	198	189
Long-term debt	425	618	463	625	488	964	775	639	624	655
Lease liabilities				28.4	35.3	43.9	38.1	40.6	44.4	53.4
Other non-current liabilities	96.9	96.9	60.2	107	137	138	112	116	114	132
Total liabilities	1,188	983	858	1,120	957	1,654	1,235	1,072	1,063	1,119
Total debt	425	619	465	629	491	977	791	647	640	655
Paid-in capital	347	348	301	292	290	304	299	305	319	333
Retained earnings	84	604	603	632	795	953	1,130	1,128	1,176	1,190
Treasury stock	-1.3	-1.3	-1.3	-1.2	-1.2	-1.2	-1.2	-1.2	-1.2	-1.2
Other comprehensive income	-70.9	-48.4	-45.5	-36.4	-4.9	14.6	-33.3	-22.2	-65.4	21.9
Shareholders' equity	359	903	858	897	1,081	1,270	1,395	1,410	1,429	1,544
Total equity	359	903	858	887	1,081	1,270	1,395	1,410	1,429	1,544
Total liabilities and equity	1,546	1,886	1,716	2,035	2,084	2,975	2,648	2,500	2,492	2,663

Cash flow statement

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Net income	-40.1	540	19.6	38.3	178	178	202	18.3	72.9	40.5
Depreciation and amortization	57.1	58.6	66.1	67.9	56.6	63.8	103	94.5	100	103
Stock-based compensation	5.1	9.5	6.5	6.8	5.4	5	6.5	9.8	12	13.5
Deferred income tax	-30	36.4	1.6	-28.3	-9	-5.5	-14	-7.7	-18.4	-15
Change in receivables	3	-3.2	-1.1	9.9	14.8	-16.9	-0.1	21.6	1.6	-5.4
Change in inventory	2.4	-3.7	-23	7	12.6	-5.4	-18	10.3	6.3	6.1
Change in payables	-2.9	17.4	-4.9	-15.9	-0.4	9.9	1.5	-5.2	-5.4	-4.3
Cash from operations	64.5	35.2	213	131	42.1	124	106	208	163	201
Capital expenditures	-35.8	-30.3	-36.1	-21.6	-13.4	-14.9	-29.4	-33.9	-29.1	-42
Acquisitions	-28.5	-44.6	0	-311	-238	-857	2.9	0	-209	-274
Purchases of investments						0	0	-35.8	0	-3.4
Cash from investing	-61.4	-89.5	1.1	-331	221	-647	303	-7.4	-242	-317
Debt issued	351	636	1,015	653	29.9	715	61	0	52.5	930
Debt repaid	-278	-484	-1,185	-488	-168	-79	-398	-145	-60.6	-912
Stock issued				0	0	10	0	0
Share buybacks	-30.4	-11.5	-50	-15	-5.3	0
Dividends paid	-18.1	-19	-20.3	-20.9	-21.7	-22.4	-23.4	-24.3	-25.3	-26.2
Cash from financing	22	119	-252	124	-167	618	-402	-171	-50.5	-17.4
Exchange rate effect	-17	10.4	-7.7	3.1	8.1	-0.4	-26.6	5.9	-4.4	11.5
Net change in cash	8.1	77.8	-59.7	-8.4	108	109	-3.7	35.4	-134	-122
Free cash flow	28.7	4.9	177	109	28.7	109	76.7	175	134	159
Interest paid	41	46.4	33.3	19.2	16.1	14.9	31.5	43.3	38.9	33.5
Income taxes paid	19.6	6.2	-77.9	8.8	67.2	6.4	80.8	17.2	36.1	41.4

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 $311.43 on September 25, 2026.

Profitability

Metric	Value	How it is calculated
Gross margin	42.8%	Gross profit / revenue.
Operating margin	14.3%	Operating income / revenue.
EBITDA margin	23.1%	EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin	4.6%	Pre-tax income / revenue.
Net margin	3.6%	Net income / revenue.
Effective tax rate	22.1%	Income tax / pre-tax income, when pre-tax income is positive.
Return on equity (ROE)	2.8%	Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)	1.7%	Net income / average total assets.
Return on invested capital (ROIC)	6.5%	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%.
SG&A / revenue	28.1%	Selling, general and administrative expense / revenue.
Stock-based pay / revenue	1.3%	Stock-based compensation (from the cash flow statement) / revenue.
Capex / revenue	4.2%	Capital expenditures / revenue.
D&A / revenue	8.7%	Depreciation and amortization / revenue.

Growth

Metric	Value	How it is calculated
Revenue growth, 1y	9.0%	Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y	1.3%	Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y	7.4%	Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Gross profit growth, 1y	9.6%	Gross profit vs the same period a year earlier. Only from a positive base.
Gross profit CAGR, 3y	4.8%	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	11.3%	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	13.6%	Operating income vs the same period a year earlier. Only from a positive base.
Operating income CAGR, 3y	30.8%	Compound annual growth of operating income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating income CAGR, 5y	40.9%	Compound annual growth of operating income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
EBITDA growth, 1y	9.0%	EBITDA vs the same period a year earlier. Only from a positive base.
EBITDA CAGR, 3y	14.7%	Compound annual growth of ebitda over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EBITDA CAGR, 5y	25.3%	Compound annual growth of ebitda over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Net income growth, 1y	-44.4%	Net income vs the same period a year earlier. Only from a positive base.
Net income CAGR, 3y	-41.8%	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	-25.6%	Compound annual growth of net income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
EPS growth, 1y	-44.6%	EPS vs the same period a year earlier. Only from a positive base.
EPS CAGR, 3y	-42.1%	Compound annual growth of eps over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EPS CAGR, 5y	-26.1%	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	23.5%	Operating cash flow vs the same period a year earlier. Only from a positive base.
Operating cash flow CAGR, 3y	23.8%	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	36.7%	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	19.0%	Free cash flow vs the same period a year earlier. Only from a positive base.
Free cash flow CAGR, 3y	27.6%	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	40.9%	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	3.3%	Dividend per share vs the same period a year earlier. Only from a positive base.
Dividend per share CAGR, 3y	3.5%	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	3.6%	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	8.1%	Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y	3.4%	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	7.4%	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	6.9%	Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y	0.2%	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	5.0%	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	0.5%	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	0.5%	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	0.7%	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	2.28x	Current assets / current liabilities.
Quick ratio	0.39x	(Cash + short-term investments + receivables) / current liabilities.
Cash ratio	0.39x	(Cash + short-term investments) / current liabilities.
Debt / equity	0.36x	Total debt / shareholders' equity. Not shown when equity is negative.
Debt / assets	21.6%	Total debt / total assets.
Liabilities / assets	40.3%	Total liabilities / total assets.
Net debt	$498.5M	Total debt - cash - short-term investments. Negative means more cash than debt.
Net debt / EBITDA	1.77x	Net debt / EBITDA (twelve months), when EBITDA is positive.
Interest coverage	5.17x	Operating income / interest expense.
Working capital	$255.7M	Current assets - current liabilities.
Goodwill and intangibles / assets	40.0%	(Goodwill + intangible assets) / total assets.
Tangible book value	$522.2M	Shareholders' equity - goodwill - intangible assets.

Efficiency

Metric	Value	How it is calculated
Asset turnover	0.46x	Revenue / average total assets.
Fixed asset turnover	5.36x	Revenue / average property, plant and equipment.
Inventory turnover	4.13x	Cost of revenue / average inventory.
Days inventory	88 days	365 x average inventory / cost of revenue.
Days payables	45 days	365 x average accounts payable / cost of revenue.

Per share

Metric	Value	How it is calculated
EPS, diluted	$2.06	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	$57.19	Revenue / diluted weighted shares.
Book value per share	$74.18	Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share	$24.40	Tangible book value / shares outstanding.
Cash per share	$3.60	(Cash + short-term investments) / shares outstanding.
Payout ratio	60.8%	Dividends paid / net income, when net income is positive.

Valuation

Metric	Value	How it is calculated
Market cap	$6.59B	Share price x shares outstanding.
Enterprise value	$7.09B	Market cap + total debt - cash - short-term investments.
P/E	149x	Market cap / net income. Only when net income is positive.
P/S	5.39x	Market cap / revenue.
P/B	4.15x	Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book	12.6x	Market cap / tangible book value, when positive.
EV/Sales	5.79x	Enterprise value / revenue.
EV/EBIT	40.4x	Enterprise value / operating income, when both are positive.
EV/EBITDA	25.1x	Enterprise value / EBITDA, when both are positive.
Earnings yield	0.7%	Net income / market cap (the inverse of P/E).
Dividend yield	0.4%	Dividends paid over the period / market cap.
Shareholder yield	0.4%	(Dividends paid + share buybacks) / market cap.

What was Enpro Inc.'s revenue in fiscal 2025?

Enpro Inc. reported revenue of $1.14B for fiscal 2025, 9% higher than the year before.

Was Enpro Inc. profitable in fiscal 2025?

Yes. Net income was $40.5M, a net margin of 3.5%.

How much free cash flow did Enpro Inc. generate in fiscal 2025?

Cash from operations of $201.2M minus capital expenditures of $42.0M left free cash flow of $159.2M.

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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