Stocks PSTL Financial statements
Financial statementsPostal Realty Trust, Inc. financial statements
Income statement, balance sheet and cash flow statement for the last 7 fiscal years, taken from the XBRL data Postal Realty Trust, 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
| FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | |
|---|---|---|---|---|---|---|---|
| Revenue | 11.3 | 24.4 | 39.9 | 53.3 | 63.7 | 76.4 | 95.8 |
| General and administrative | 4.85 | 8.23 | 10.6 | 13.1 | 14.7 | 16 | 17.2 |
| Operating expenses | 11.2 | 22.4 | 34 | 43.6 | 49.7 | 57.6 | 61.4 |
| Operating income | 0.07 | 2.03 | 5.92 | 9.7 | 14 | 21.2 | 34.3 |
| Interest expense | 1.1 | 2.35 | 2.74 | 5.38 | 9.34 | 12 | 15.2 |
| Interest income | 0.01 | 0 | 0 | 0 | 0.01 | 0.03 | 0.01 |
| Other non-operating income | 0.23 | 0.4 | 1.03 | 0.68 | 0.02 | 0.03 | |
| Pre-tax income | -1.45 | -0.55 | 2.67 | 4.76 | 4.66 | 8.44 | 18.1 |
| Income tax | 0.04 | 0.09 | 0.11 | 0.01 | 0.07 | 0.12 | 0.03 |
| Net income to minority interests | -0.46 | -0.29 | 0.5 | 0.89 | 0.87 | 1.73 | 3.95 |
| Net income | -1.5 | -0.35 | 2.06 | 3.85 | 3.71 | 6.6 | 14.1 |
| EBITDA | 3.87 | 11.2 | 19.9 | 27.4 | 33.7 | 43.4 | 58.3 |
| EPS, basic | -0.30 | -0.10 | 0.10 | 0.15 | 0.12 | 0.21 | 0.47 |
| EPS, diluted | -0.30 | -0.10 | 0.10 | 0.15 | 0.12 | 0.21 | 0.47 |
| Shares, basic (weighted) | 5.16 | 7.01 | 13.7 | 18.5 | 20.1 | 22.6 | 24.3 |
| Shares, diluted (weighted) | 5.16 | 7.01 | 13.7 | 18.5 | 20.1 | 22.6 | 24.3 |
| Dividend per share | 0.79 | 0.89 | 0.93 | 0.95 | 0.96 | 0.97 |
Balance sheet
| FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | |
|---|---|---|---|---|---|---|---|
| Cash and equivalents | 12.5 | 2.21 | 5.86 | 1.5 | 2.24 | 1.8 | 1.45 |
| Lease right-of-use assets | 1.1 | 1.06 | 1.01 | 0.97 | 2.19 | 2.24 | |
| Goodwill | 0 | 1.54 | 1.54 | 1.54 | 1.54 | ||
| Intangible assets | 7.32 | 13 | 14.4 | 15.7 | 14.2 | 12.9 | 16.4 |
| Total assets | 137 | 259 | 378 | 501 | 567 | 647 | 759 |
| Total liabilities | 67 | 139 | 112 | 218 | 266 | 329 | 399 |
| Total debt | 125 | 95.3 | 197 | 241 | 297 | 361 | |
| Paid-in capital | 51.4 | 101 | 238 | 254 | 287 | 310 | 358 |
| Retained earnings | -2.58 | -8.92 | -18.9 | -32.6 | -48.5 | -64.2 | -74 |
| Other comprehensive income | 0 | 0.77 | 7.49 | 4.62 | 5.23 | 0.95 | |
| Shareholders' equity | 48.9 | 92 | 220 | 229 | 244 | 251 | 285 |
| Minority interests | 20.9 | 27.6 | 45.4 | 54.5 | 58.1 | 66.2 | 74.4 |
| Total equity | 69.8 | 120 | 265 | 284 | 302 | 317 | 360 |
| Total liabilities and equity | 137 | 259 | 378 | 501 | 567 | 647 | 759 |
Cash flow statement
| FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | |
|---|---|---|---|---|---|---|---|
| Net income | -1.49 | -0.64 | 2.56 | 4.74 | 4.58 | 8.32 | 18.1 |
| Depreciation and amortization | 3.8 | 9.16 | 14 | 17.7 | 19.7 | 22.2 | 24 |
| Stock-based compensation | 1 | 2.36 | 3.72 | 4.72 | 5.83 | 6.38 | 6.31 |
| Change in receivables | -1.37 | -1.81 | -0.77 | -0.36 | 0.13 | -1.79 | 1.56 |
| Change in payables | 2.08 | 1.85 | 1.1 | 0.85 | 1.51 | 3.89 | 1.13 |
| Cash from operations | 2.86 | 9.4 | 17.1 | 24.6 | 28.4 | 33.5 | 44.5 |
| Capital expenditures | -0.15 | -0.97 | -1.9 | -3.69 | -2.87 | -2.78 | -6.94 |
| Cash from investing | -72.7 | -126 | -107 | -120 | -72.6 | -79.1 | -124 |
| Stock issued | 64.7 | 48.5 | 139 | 11.4 | 26.7 | 19.3 | 47.1 |
| Share buybacks | 0 | -0.56 | 0 | ||||
| Dividends paid | -3.46 | -8.25 | -15 | -21.6 | -24.4 | -28 | -30.8 |
| Cash from financing | 82.1 | 107 | 93.4 | 90.6 | 45 | 45.3 | 78.7 |
| Net change in cash | 12.3 | -9.91 | 3.76 | -4.98 | 0.83 | -0.32 | -0.45 |
| Free cash flow | 2.71 | 8.43 | 15.2 | 20.9 | 25.6 | 30.7 | 37.6 |
| Interest paid | 1.1 | 2.3 | 2.7 | 5.1 | 9.2 | 12 | 15.2 |
| Income taxes paid | 0.02 | 0.1 | 0.1 | 0.1 | 0.05 | 0.09 | 0.1 |
Key metrics
Profitability
| Metric | Value | How it is calculated |
|---|---|---|
| Operating margin | 37.8% | Operating income / revenue. |
| EBITDA margin | 62.0% | EBITDA (operating income + depreciation and amortization) / revenue. |
| Pre-tax margin | 20.9% | Pre-tax income / revenue. |
| Net margin | 16.4% | Net income / revenue. |
| FCF margin | 39.2% | Free cash flow (cash from operations - capital expenditures) / revenue. |
| Operating cash flow margin | 44.8% | Cash from operations / revenue. |
| Effective tax rate | 0.2% | Income tax / pre-tax income, when pre-tax income is positive. |
| Return on equity (ROE) | 5.2% | Net income / average shareholders' equity (opening and closing). Not shown when equity is negative. |
| Return on assets (ROA) | 2.1% | Net income / average total assets. |
| Return on invested capital (ROIC) | 5.6% | 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%. |
| Stock-based pay / revenue | 6.4% | Stock-based compensation (from the cash flow statement) / revenue. |
| Capex / revenue | 5.6% | Capital expenditures / revenue. |
| D&A / revenue | 24.2% | Depreciation and amortization / revenue. |
Growth
| Metric | Value | How it is calculated |
|---|---|---|
| Revenue growth, 1y | 25.5% | Revenue vs the same period a year earlier. Only from a positive base. |
| Revenue CAGR, 3y | 21.6% | Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive. |
| Revenue CAGR, 5y | 31.4% | Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive. |
| Operating income growth, 1y | 62.1% | Operating income vs the same period a year earlier. Only from a positive base. |
| Operating income CAGR, 3y | 52.4% | 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 | 76.0% | Compound annual growth of operating income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive. |
| EBITDA growth, 1y | 34.5% | EBITDA vs the same period a year earlier. Only from a positive base. |
| EBITDA CAGR, 3y | 28.6% | Compound annual growth of ebitda over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive. |
| EBITDA CAGR, 5y | 39.1% | Compound annual growth of ebitda over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive. |
| Net income growth, 1y | 114.5% | Net income vs the same period a year earlier. Only from a positive base. |
| Net income CAGR, 3y | 54.3% | Compound annual growth of net income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive. |
| EPS growth, 1y | 123.8% | EPS vs the same period a year earlier. Only from a positive base. |
| EPS CAGR, 3y | 46.3% | Compound annual growth of eps over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive. |
| Operating cash flow growth, 1y | 32.8% | Operating cash flow vs the same period a year earlier. Only from a positive base. |
| Operating cash flow CAGR, 3y | 21.9% | 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 | 36.5% | 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 | 22.3% | Free cash flow vs the same period a year earlier. Only from a positive base. |
| Free cash flow CAGR, 3y | 21.6% | 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 | 34.8% | 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 | 1.0% | Dividend per share vs the same period a year earlier. Only from a positive base. |
| Dividend per share CAGR, 3y | 1.6% | 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 | 4.2% | 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 | 13.5% | Book value vs the same period a year earlier. Only from a positive base. |
| Book value CAGR, 3y | 7.6% | 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 | 25.4% | 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 | 17.4% | Total assets vs the same period a year earlier. Only from a positive base. |
| Total assets CAGR, 3y | 14.8% | 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 | 24.0% | 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 | 7.9% | 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 | 9.5% | 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 | 28.3% | 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 |
|---|---|---|
| Debt / equity | 1.14x | Total debt / shareholders' equity. Not shown when equity is negative. |
| Debt / assets | 45.7% | Total debt / total assets. |
| Liabilities / assets | 50.1% | Total liabilities / total assets. |
| Net debt | $380.3M | Total debt - cash - short-term investments. Negative means more cash than debt. |
| Net debt / EBITDA | 5.81x | Net debt / EBITDA (twelve months), when EBITDA is positive. |
| Interest coverage | 2.39x | Operating income / interest expense. |
| Goodwill and intangibles / assets | 2.2% | (Goodwill + intangible assets) / total assets. |
| Tangible book value | $316.2M | Shareholders' equity - goodwill - intangible assets. |
Efficiency
| Metric | Value | How it is calculated |
|---|---|---|
| Asset turnover | 0.13x | Revenue / average total assets. |
| FCF conversion | 238.7% | Free cash flow / net income, when net income is positive. |
| Capex / operating cash flow | 12.5% | Capital expenditures / cash from operations, when that is positive. |
Per share
| Metric | Value | How it is calculated |
|---|---|---|
| EPS, diluted | $0.62 | 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 | $3.81 | Revenue / diluted weighted shares. |
| FCF per share | $1.49 | Free cash flow / diluted weighted shares. |
| Operating cash flow per share | $1.71 | Cash from operations / diluted weighted shares. |
| Book value per share | $12.06 | Shareholders' equity / shares outstanding (diluted weighted shares when not reported). |
| Tangible book per share | $11.40 | Tangible book value / shares outstanding. |
| Cash per share | $0.07 | (Cash + short-term investments) / shares outstanding. |
| Payout ratio | 191.8% | Dividends paid / net income, when net income is positive. |
| Dividends / FCF | 80.4% | Dividends paid / free cash flow, when free cash flow is positive. |
Valuation
| Metric | Value | How it is calculated |
|---|---|---|
| Market cap | $715.4M | Share price x shares outstanding. |
| Enterprise value | $1.10B | Market cap + total debt - cash - short-term investments. |
| P/E | 41.3x | Market cap / net income. Only when net income is positive. |
| P/S | 6.78x | Market cap / revenue. |
| P/B | 2.14x | Market cap / shareholders' equity. Only when equity is positive. |
| Price / tangible book | 2.26x | Market cap / tangible book value, when positive. |
| P/FCF | 17.3x | Market cap / free cash flow. Only when free cash flow is positive. |
| P/OCF | 15.1x | Market cap / cash from operations, when positive. |
| EV/Sales | 10.4x | Enterprise value / revenue. |
| EV/EBIT | 27.5x | Enterprise value / operating income, when both are positive. |
| EV/EBITDA | 16.7x | Enterprise value / EBITDA, when both are positive. |
| EV/FCF | 26.5x | Enterprise value / free cash flow, when both are positive. |
| FCF yield | 5.8% | Free cash flow / market cap. |
| Earnings yield | 2.4% | Net income / market cap (the inverse of P/E). |
| Dividend yield | 4.6% | Dividends paid over the period / market cap. |
| Shareholder yield | 4.6% | (Dividends paid + share buybacks) / market cap. |
| PEG | 0.89x | P/E / EPS growth per year over 3 years (in percent). Only when both are positive. |
What was Postal Realty Trust, Inc.'s revenue in fiscal 2025?
Postal Realty Trust, Inc. reported revenue of $95.8M for fiscal 2025, 25.5% higher than the year before.
Was Postal Realty Trust, Inc. profitable in fiscal 2025?
Yes. Net income was $14.1M, a net margin of 14.8%.
How much free cash flow did Postal Realty Trust, Inc. generate in fiscal 2025?
Cash from operations of $44.5M minus capital expenditures of $6.9M left free cash flow of $37.6M.