Oil-Dri Corp of America financial statements

Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data Oil-Dri Corp of America 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

	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025	FY2026
Revenue	262	266	277	283	305	349	413	438	486	494
Cost of revenue	189	194	211	215	240	286	310	312	342	356
Gross profit	73.7	71.9	65.7	68.7	65.2	62.5	103	125	143	138
Research and development	3.22	3.43	3.2	2.77	2.54	2.1	1.2	2.1	2.4	2.1
Selling, general and administrative	58.5	56	55.2	56.9	52.2	52.1	62.2	73.4	74.9	69.5
Selling and marketing	13.8	10.6	6.91	9.67	8.65	4	7.3	9	7.6	7
Operating income	15.2	15.9	10.4	24.8	13	4.82	41	51.6	68.2	68
Interest expense	0.89	0.68	0.59	0.52	0.72	1.23	1.46	1.8	2.43	2.2
Interest income	0.1	0.26	0.25	0.26	0.07	0.05	0.47	0.87	0.7	1.62
Other non-operating income	-0.69	-1.01	4.14	-1.81	0.33	0.89	-6.36	-1.99	-2.01	1.5
Pre-tax income	14.5	14.9	14.5	23	13.4	5.71	34.7	49.7	66.2	69.5
Income tax	3.75	6.64	1.93	4.28	2.39	0.1	5.2	10.2	12.2	12.5
Net income to minority interests	0	-0.02	0	-0.16	-0.13	-0.06	-0.07	0	0
Net income	10.8	8.24	12.6	18.9	11.1	5.67	29.6	39.4	54	57
EBITDA	28	28.6	23.7	38.8	27.2	18.3	56.6	70.9	90.3	91.2
EPS, diluted	1.47	1.11	1.67
Shares, diluted (weighted)	7.16	7.22	7.25
Dividend per share							0.57	0.59	0.65	0.82

Balance sheet

	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025	FY2026
Cash and equivalents	9.1	12.8	21.9	40.9	24.6	16.3	31.8	23.5	50.5	73.7
Short-term investments	23.6	7.12	0
Receivables	32.8	33.6	35.5	34.9	40.9	51.7	59.3	62.2	69.4	75.4
Inventory	22.6	22.5	24.2	23.9	23.6	40.5	42.6	54.2	51.6	53.5
Other current assets	2.3	2.9	3.08	3.06	6.74	3.66	2.85	7.27	5.96	6.02
Total current assets	94.2	83	89.3	108	102	112	137	147	177	209
Property, plant and equipment	84	86.7	90.8	92.9	95.9	110	121	138	150	160
Lease right-of-use assets			0	9.82	8.62	10.6	9.39	18.7	14.2	13
Goodwill	9.03	9.26	9.26	9.26	9.26	3.62	3.62	15.4	16	16
Intangible assets							0.02	20	18.9	17.8
Other non-current assets	6.48	4.89	5.05	34.5	29.7	27.1	7.23	7.31	7.55	6.3
Total assets	213	195	205	236	228	250	286	355	392	429
Accounts payable	9.59	6.54	8.09	12.5	9.21	13.4	17.1	15	16.8	16.1
Accrued liabilities	1.61	1.77	2.64	28.7	24.9	30.1	36.9	44	44.9	44.3
Short-term debt	0
Total current liabilities	33	30.9	32.6	46.2	39	48.5	58.8	66.7	69.2	68
Long-term debt	9.16	6.11	3.05	8.85	7.88	31.8	30.8	49.8	38.8	37.9
Lease liabilities			0	9.14	8.02	9.75	8.81	15.4	11.3	11.1
Other non-current liabilities	3.73	3.74	4.29	3.45	4.15	3.84	6.24	6.51	7.54	7.38
Total liabilities	86.5	62.8	69.7	87.9	68.3	99.3	109	144	133	131
Paid-in capital	36.2	38.5	41.3	45	48.3	52.5	55.6	60	66.1	71.8
Retained earnings	155	159	165	177	180	179	201	232	278	324
Treasury stock	-55.7	-55.9	-56.5	-62.3	-66.2	-79.4	-81.2	-84.4	-87.5	-101
Other comprehensive income	-10.3	-10.6	-15	-12.3	-4.12	-2.18	0.75	0.77	0.97	0.91
Shareholders' equity	126
Minority interests	0	-0.02	-0.01	-0.17	-0.31	-0.37	0
Total equity	126	132	136	148	159	150	177	211	259	298
Total liabilities and equity	213	195	205	236	228	250	286	355	392	429

Cash flow statement

	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025	FY2026
Net income	10.8	8.22	12.6	18.7	11	5.61	29.5	39.4	54	57
Depreciation and amortization	12.8	12.8	13.3	13.9	14.2	13.5	15.5	19.3	22	23.2
Stock-based compensation	1.51	1.6	2.41	3.37	2.53	2.74	3.15	4.82	5.37	5.29
Deferred income tax	0.44	1.95	1.05	-0.49	2.76	-2.3	-4.43	1.7	0.24	2
Change in inventory	0.67	0.23	-1.69	0.21	0.52	-13.1	-2.2	-4.68	2.34	-1.88
Change in payables	2.42	-2.44	0.59	4.24	-2.41	5	3.24	-2.79	0.93	0.01
Cash from operations	26.9	10.6	26.7	42.5	13.6	9.02	49.8	60.3	80.2	80.1
Capital expenditures	-14.8	-15.1	-15	-14.7	-18.8	-22	-24.4	-32	-32.6	-34.2
Acquisitions							0	-44.3	-0.12	0
Purchases of investments	-47.5	-35.9	-4.68	0
Sales and maturities of investments	0
Cash from investing	-28	2.57	-7.89	-14.7	-18.8	-22	-24.6	-76.1	-32.5	-32.9
Debt repaid	-3.08	-3.08	-3.08	-6.32	-1	-1	-1	-1	-11	-1
Share buybacks	-0.14	-0.03	-0.15	-5.54	-3.13	-11.8	-1.08	-2.78	-2.35	-12.6
Dividends paid	-5.93	-6.23	-6.66	-7.03	-7.19	-7.38	-7.43	-7.81	-8.4	-10.4
Cash from financing	-8.55	-9.34	-9.89	-8.75	-11.3	4.7	-9.52	8.33	-21.7	-24
Exchange rate effect	0.11	-0.18	0.14	-0.01	0.22
Net change in cash	-9.53	3.66	9.11	19	-16.3	-8.29	15.5	-7.27	26	23.2
Free cash flow	12.2	-4.46	11.7	27.7	-5.2	-13	25.4	28.3	47.6	45.9
Interest paid	0.48	0.28	0.31	0.27	0.4	0.77	1.14	1.09	1.7	1.66
Income taxes paid	3.18	1.99	-0.71	-2.32	-6.15	0.18	-7.37	-10	-12.6	-10.3

Key metrics

Worked out from the statements above. Latest values use fiscal 2026. Valuation uses the share price of $73.03 on November 10, 2026.

Profitability

Metric	Value	How it is calculated
Gross margin	27.8%	Gross profit / revenue.
Operating margin	13.8%	Operating income / revenue.
EBITDA margin	18.5%	EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin	14.1%	Pre-tax income / revenue.
Net margin	11.5%	Net income / revenue.
FCF margin	9.3%	Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin	16.2%	Cash from operations / revenue.
Effective tax rate	18.0%	Income tax / pre-tax income, when pre-tax income is positive.
Return on assets (ROA)	13.9%	Net income / average total assets.
R&D / revenue	0.4%	Research and development expense / revenue.
SG&A / revenue	14.1%	Selling, general and administrative expense / revenue.
Stock-based pay / revenue	1.1%	Stock-based compensation (from the cash flow statement) / revenue.
Capex / revenue	6.9%	Capital expenditures / revenue.
D&A / revenue	4.7%	Depreciation and amortization / revenue.

Growth

Metric	Value	How it is calculated
Revenue growth, 1y	1.7%	Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y	6.1%	Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y	10.1%	Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Gross profit growth, 1y	-3.9%	Gross profit vs the same period a year earlier. Only from a positive base.
Gross profit CAGR, 3y	10.0%	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	16.1%	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	-0.3%	Operating income vs the same period a year earlier. Only from a positive base.
Operating income CAGR, 3y	18.3%	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	39.1%	Compound annual growth of operating income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
EBITDA growth, 1y	1.0%	EBITDA vs the same period a year earlier. Only from a positive base.
EBITDA CAGR, 3y	17.3%	Compound annual growth of ebitda over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EBITDA CAGR, 5y	27.4%	Compound annual growth of ebitda over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Net income growth, 1y	5.5%	Net income vs the same period a year earlier. Only from a positive base.
Net income CAGR, 3y	24.5%	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	38.7%	Compound annual growth of net income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating cash flow growth, 1y	-0.1%	Operating cash flow vs the same period a year earlier. Only from a positive base.
Operating cash flow CAGR, 3y	17.2%	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	42.5%	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	-3.6%	Free cash flow vs the same period a year earlier. Only from a positive base.
Free cash flow CAGR, 3y	21.8%	Compound annual growth of free cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Dividend per share growth, 1y	26.4%	Dividend per share vs the same period a year earlier. Only from a positive base.
Dividend per share CAGR, 3y	13.0%	Compound annual growth of dividend per share over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets growth, 1y	9.3%	Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y	14.4%	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	13.5%	Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.

Balance sheet health

Metric	Value	How it is calculated
Current ratio	3.07x	Current assets / current liabilities.
Quick ratio	2.19x	(Cash + short-term investments + receivables) / current liabilities.
Cash ratio	1.08x	(Cash + short-term investments) / current liabilities.
Liabilities / assets	30.6%	Total liabilities / total assets.
Interest coverage	30.9x	Operating income / interest expense.
Working capital	$140.6M	Current assets - current liabilities.
Goodwill and intangibles / assets	7.9%	(Goodwill + intangible assets) / total assets.

Efficiency

Metric	Value	How it is calculated
Asset turnover	1.20x	Revenue / average total assets.
Fixed asset turnover	3.19x	Revenue / average property, plant and equipment.
Inventory turnover	6.78x	Cost of revenue / average inventory.
Days inventory	54 days	365 x average inventory / cost of revenue.
Receivables turnover	6.82x	Revenue / average receivables.
Days sales outstanding	54 days	365 x average receivables / revenue.
Days payables	17 days	365 x average accounts payable / cost of revenue.
Cash conversion cycle	90 days	Days inventory + days sales outstanding - days payables.
FCF conversion	80.6%	Free cash flow / net income, when net income is positive.
Capex / operating cash flow	42.7%	Capital expenditures / cash from operations, when that is positive.

Per share

Metric	Value	How it is calculated
Dividend per share	$0.82	Dividend declared per common share (paid, when declared is not tagged).
Payout ratio	18.2%	Dividends paid / net income, when net income is positive.
Dividends / FCF	22.6%	Dividends paid / free cash flow, when free cash flow is positive.
Buybacks / FCF	27.4%	Share buybacks / free cash flow, when free cash flow is positive.

Valuation

Metric	Value	How it is calculated
Market cap	$1.06B	Share price x shares outstanding.
Enterprise value	$984.4M	Market cap + total debt - cash - short-term investments.
P/E	18.6x	Market cap / net income. Only when net income is positive.
P/S	2.14x	Market cap / revenue.
P/FCF	23.1x	Market cap / free cash flow. Only when free cash flow is positive.
P/OCF	13.2x	Market cap / cash from operations, when positive.
EV/Sales	1.99x	Enterprise value / revenue.
EV/EBIT	14.5x	Enterprise value / operating income, when both are positive.
EV/EBITDA	10.8x	Enterprise value / EBITDA, when both are positive.
EV/FCF	21.4x	Enterprise value / free cash flow, when both are positive.
FCF yield	4.3%	Free cash flow / market cap.
Earnings yield	5.4%	Net income / market cap (the inverse of P/E).
Dividend yield	1.0%	Dividends paid over the period / market cap.
Shareholder yield	2.2%	(Dividends paid + share buybacks) / market cap.

What was Oil-Dri Corp of America's revenue in fiscal 2026?

Oil-Dri Corp of America reported revenue of $493.8M for fiscal 2026, 1.7% higher than the year before.

Was Oil-Dri Corp of America profitable in fiscal 2026?

Yes. Net income was $57.0M, a net margin of 11.5%.

How much free cash flow did Oil-Dri Corp of America generate in fiscal 2026?

Cash from operations of $80.1M minus capital expenditures of $34.2M left free cash flow of $45.9M.

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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