SHOE STATION GROUP INC financial statements

Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data SHOE STATION GROUP 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

	FY2017	FY2017	FY2018	FY2020	FY2021	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	1,001	1,019	1,030	1,037	977	1,330	1,262	1,176	1,203	1,135
Cost of revenue	712	723	721	725	697	804	794	754	774	720
Gross profit	289	296	309	312	280	527	468	421	429	415
Selling, general and administrative	251	259	259	258	258	319	322	328	338	348
General and administrative							58.4	59.6	64.7	69.5
Operating income	37.9	37.7	49.8	54.2	21.9	208	146	93.5	91.2	66.8
Interest expense	0.17	0.29	0.15	0.19	0.41	0.48	0.29	0.28	0.31	0.37
Interest income	0.01	0	0.75	0.73	0.1	0.02	0.97	2.92	3.61	4
Other non-operating income							0	0	3.04	0
Pre-tax income	37.7	37.4	50.4	54.7	21.6	207	147	96.1	97.5	70.4
Income tax	14.2	18.5	12.2	11.8	5.56	52.3	37.1	22.8	23.7	18.1
Net income	23.5	18.9	38.1	42.9	16	155	110	73.3	73.8	52.3
EBITDA	61.6	61.5	71.6	71.2	38	226	170	122	122	101
EPS, basic	0.64	0.58	1.26	1.49	0.57	5.49	4.00	2.69	2.72	1.91
EPS, diluted	0.64	0.58	1.23	1.46	0.56	5.42	3.96	2.68	2.68	1.90
Shares, basic (weighted)	36	32.4	30.2	28.9	28.1	28.2	27.5	27.2	27.2	27.3
Shares, diluted (weighted)	36	32.5	31	29.4	28.5	28.6	27.8	27.4	27.5	27.5
Dividend per share	0.14	0.15					0.36	0.44	0.54	0.60

Balance sheet

	FY2017	FY2017	FY2018	FY2020	FY2021	FY2021	FY2022	FY2023	FY2024	FY2025
Cash and equivalents	62.9	48.3	67	61.9	107	117	51.4	99	109	117
Short-term investments					0	15	11.6	12.2	14.4	13.6
Receivables	4.42	6.27	1.22	2.72	7.1	14.2	3.05	2.59	9.02	6.37
Inventory	280	261	258	259	233	285	390	346	386	440
Other current assets	4.74	5.56	11.5	5.53	8.41	10.3	13.3	21.1	18.4	19.4
Total current assets	352	321	337	330	355	442	470	481	536	596
Property, plant and equipment	96.2	86.3	70.6	67.8	62.3	88.5	141	169	173	186
Lease right-of-use assets			25.8	215	206	221	319	334	344	350
Goodwill					0	11.4	12	12	18	18
Intangible assets					0	32.6	32.6	32.6	41	40.9
Other non-current assets	0.91	0.54	0.46	8.11	13.8	14.1	15.4	13.6	12.7	11.5
Total assets	458	416	418	628	643	812	990	1,042	1,124	1,202
Accounts payable	67.8	41.7	48.7	60.7	57.7	69.1	78.9	58.3	52	79.2
Accrued liabilities	18.5	15	22.1	18.7	24.4	33.1	20.3	16.6	25.4	21.2
Total current liabilities	86.3	56.8	70.8	123	131	154	157	128	130	158
Long-term debt	0	0
Lease liabilities			0	194	183	195	285	301	315	313
Other non-current liabilities	0.83	0.97	0.07	1.05	3.04	0.33	0.17	0.43	0.85	1.29
Total liabilities	140	108	114	331	333	360	464	459	475	512
Total debt	0	0
Paid-in capital	65.3	65.5	75.6	79.9	78.7	80.7	83.4	83.7	90.4	93.1
Retained earnings	313	327	360	396	407	553	653	715	773	809
Treasury stock	-59.2	-85.1	-132	-179	-176	-182	-212	-215	-215	-213
Shareholders' equity	319	307	304	297	310	453	526	583	649	690
Total equity	319	307	304	297	310	453	526	583	649	690
Total liabilities and equity	458	416	418	628	643	812	990	1,042	1,124	1,202

Cash flow statement

	FY2017	FY2017	FY2018	FY2020	FY2021	FY2021	FY2022	FY2023	FY2024	FY2025
Net income	23.5	18.9	38.1	42.9	16	155	110	73.3	73.8	52.3
Depreciation and amortization	23.7	23.8	21.8	17	16.1	18.8	23.2	28.8	31.1	34.3
Stock-based compensation	3.82	5.02	10.2	6.49	3.88	5.53	5.43	4.89	7.7	7.31
Deferred income tax	-2.88	3.92	-1	3	1.96	1.69	13.6	4.88	0.23	7.61
Change in receivables	-2.29	-0.95	3.91	-1.51	-4.37	-6.2	11.4	0.46	-4.06	2.62
Change in payables	-0.98	-30.1	12.7	9.47	2.51	3.78	0.93	-22.2	-10.5	24.7
Cash from operations	63.8	40.3	74.1	66.9	63.4	148	50.4	123	103	71.3
Capital expenditures	-21.8	-19.7	-7.41	-18.5	-12.4	-31.4	-77.3	-56.3	-33.2	-44.7
Acquisitions				0	0	-70.7	0.39	0	-44.8	0
Purchases of investments				0	0	-19	-0.98	-0.4	-1.16	-2.77
Sales and maturities of investments				0.75	0.3	1.8	3.85	2.05	1.41	3.47
Cash from investing	-21.8	-19.7	-4.42	-17.8	-12.1	-119	-74	-54.6	-77.7	-44
Stock issued	0.22	0.26	0.18	0.18	0.2	0.16	0.19	0.18	0.17	0.17
Share buybacks	-42.6	-29.8	-46	-37.8	0	-7.15	-30.5	-5.45	0	0
Dividends paid	-5.03	-4.82	-4.76	-5.67	-5.13	-8	-9.97	-12.2	-14.7	-16.7
Cash from financing	-47.8	-35.4	-51	-54.3	-6.67	-17.7	-42.5	-20.5	-15.3	-18.9
Net change in cash	-5.87	-14.7	18.8	-5.12	44.6	10.9	-66.1	47.6	9.68	8.41
Free cash flow	42	20.7	66.7	48.4	51	117	-26.9	66.5	69.5	26.6
Interest paid	0.17	0.29	0.15	0.19	0.39	0.48	0.3	0.28	0.28	0.28
Income taxes paid	14.7	16.8	13.4	9.81	3.14	50.5	23.9	19.2	21.2	10.7

Key metrics

Worked out from the statements above. Latest values use the trailing twelve months to August 1, 2026; growth uses fiscal years. Valuation uses the share price of $13.00 on September 25, 2026.

Profitability

Metric	Value	How it is calculated
Gross margin	34.5%	Gross profit / revenue.
Operating margin	2.8%	Operating income / revenue.
EBITDA margin	6.0%	EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin	3.2%	Pre-tax income / revenue.
Net margin	2.2%	Net income / revenue.
FCF margin	6.0%	Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin	9.2%	Cash from operations / revenue.
Effective tax rate	30.4%	Income tax / pre-tax income, when pre-tax income is positive.
Return on equity (ROE)	3.6%	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)	3.9%	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	31.7%	Selling, general and administrative expense / revenue.
Stock-based pay / revenue	0.8%	Stock-based compensation (from the cash flow statement) / revenue.
Capex / revenue	3.2%	Capital expenditures / revenue.
D&A / revenue	3.2%	Depreciation and amortization / revenue.

Growth

Metric	Value	How it is calculated
Revenue growth, 1y	-5.6%	Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y	-3.5%	Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y	3.1%	Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Gross profit growth, 1y	-3.2%	Gross profit vs the same period a year earlier. Only from a positive base.
Gross profit CAGR, 3y	-3.9%	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	8.2%	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	-26.8%	Operating income vs the same period a year earlier. Only from a positive base.
Operating income CAGR, 3y	-23.0%	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	25.0%	Compound annual growth of operating income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
EBITDA growth, 1y	-17.3%	EBITDA vs the same period a year earlier. Only from a positive base.
EBITDA CAGR, 3y	-15.8%	Compound annual growth of ebitda over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EBITDA CAGR, 5y	21.6%	Compound annual growth of ebitda over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Net income growth, 1y	-29.1%	Net income vs the same period a year earlier. Only from a positive base.
Net income CAGR, 3y	-22.0%	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	26.7%	Compound annual growth of net income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
EPS growth, 1y	-29.1%	EPS vs the same period a year earlier. Only from a positive base.
EPS CAGR, 3y	-21.7%	Compound annual growth of eps over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EPS CAGR, 5y	27.7%	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	-30.5%	Operating cash flow vs the same period a year earlier. Only from a positive base.
Operating cash flow CAGR, 3y	12.2%	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	2.4%	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	-61.7%	Free cash flow vs the same period a year earlier. Only from a positive base.
Free cash flow CAGR, 5y	-12.2%	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	11.1%	Dividend per share vs the same period a year earlier. Only from a positive base.
Dividend per share CAGR, 3y	18.6%	Compound annual growth of dividend per share over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value growth, 1y	6.3%	Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y	9.5%	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	17.3%	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	6.7%	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	13.3%	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	0.0%	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	-0.3%	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	4.04x	Current assets / current liabilities.
Quick ratio	0.94x	(Cash + short-term investments + receivables) / current liabilities.
Cash ratio	0.90x	(Cash + short-term investments) / current liabilities.
Liabilities / assets	42.0%	Total liabilities / total assets.
Interest coverage	79.2x	Operating income / interest expense.
Working capital	$444.6M	Current assets - current liabilities.
Goodwill and intangibles / assets	5.0%	(Goodwill + intangible assets) / total assets.
Tangible book value	$617.9M	Shareholders' equity - goodwill - intangible assets.

Efficiency

Metric	Value	How it is calculated
Asset turnover	0.95x	Revenue / average total assets.
Fixed asset turnover	6.38x	Revenue / average property, plant and equipment.
Inventory turnover	1.70x	Cost of revenue / average inventory.
Days inventory	215 days	365 x average inventory / cost of revenue.
Receivables turnover	177x	Revenue / average receivables.
Days sales outstanding	2 days	365 x average receivables / revenue.
Days payables	36 days	365 x average accounts payable / cost of revenue.
Cash conversion cycle	180 days	Days inventory + days sales outstanding - days payables.
FCF conversion	273.5%	Free cash flow / net income, when net income is positive.
Capex / operating cash flow	34.6%	Capital expenditures / cash from operations, when that is positive.

Per share

Metric	Value	How it is calculated
EPS, diluted	$0.89	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	$40.50	Revenue / diluted weighted shares.
FCF per share	$2.44	Free cash flow / diluted weighted shares.
Operating cash flow per share	$3.73	Cash from operations / diluted weighted shares.
Book value per share	$24.78	Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share	$22.62	Tangible book value / shares outstanding.
Cash per share	$4.82	(Cash + short-term investments) / shares outstanding.
Payout ratio	73.4%	Dividends paid / net income, when net income is positive.
Dividends / FCF	26.8%	Dividends paid / free cash flow, when free cash flow is positive.

Valuation

Metric	Value	How it is calculated
Market cap	$353.0M	Share price x shares outstanding.
Enterprise value	$221.3M	Market cap + total debt - cash - short-term investments.
P/E	14.5x	Market cap / net income. Only when net income is positive.
P/S	0.32x	Market cap / revenue.
P/B	0.52x	Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book	0.57x	Market cap / tangible book value, when positive.
P/FCF	5.30x	Market cap / free cash flow. Only when free cash flow is positive.
P/OCF	3.47x	Market cap / cash from operations, when positive.
EV/Sales	0.20x	Enterprise value / revenue.
EV/EBIT	7.11x	Enterprise value / operating income, when both are positive.
EV/EBITDA	3.34x	Enterprise value / EBITDA, when both are positive.
EV/FCF	3.33x	Enterprise value / free cash flow, when both are positive.
FCF yield	18.9%	Free cash flow / market cap.
Earnings yield	6.9%	Net income / market cap (the inverse of P/E).
Dividend yield	5.1%	Dividends paid over the period / market cap.
Shareholder yield	5.1%	(Dividends paid + share buybacks) / market cap.

What was SHOE STATION GROUP INC's revenue in fiscal 2025?

SHOE STATION GROUP INC reported revenue of $1.14B for fiscal 2025, 5.6% lower than the year before.

Was SHOE STATION GROUP INC profitable in fiscal 2025?

Yes. Net income was $52.3M, a net margin of 4.6%.

How much free cash flow did SHOE STATION GROUP INC generate in fiscal 2025?

Cash from operations of $71.3M minus capital expenditures of $44.7M left free cash flow of $26.6M.

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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