SunCoke Energy, Inc. financial statements

Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data SunCoke Energy, 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	1,223	1,332	1,451	1,600	1,333	1,456	1,973	2,063	1,935	1,837
Selling, general and administrative	90.6	79	66.1	75.8	81.4	61.8	71.4	70.7	61.2	84.8
Operating income	97.9	104	119	-144	69.7	142	154	125	152	-44.4
Interest expense	53.5	60.6	61.4	60.3	56.3	42.5	32	27.3	28.7	32.9
Interest income							0.7	2.7	5.3	4.5
Pre-tax income	68.1	21.9	57	-203	19.1	67.1	122	97.8	129	-72.8
Income tax	8.6	-81.6	4.6	-54.7	10.3	18.3	16.8	34.3	25	-34
Net income to minority interests	45.1	-18.9	20.8	3.9	5.1	5.4	4.2	6	7.6	5.4
Net income	14.4	122	26.2	-152	3.7	43.4	101	57.5	95.9	-44.2
EBITDA	212	232	260	-0.5	203	275	296	268	271	109
EPS, basic	0.22	1.90	0.40	-1.98	0.04	0.52	1.20	0.68	1.13	-0.52
EPS, diluted	0.22	1.88	0.40	-1.98	0.04	0.52	1.19	0.68	1.12	-0.52
Shares, basic (weighted)	64.2	64.3	64.7	76.8	83	83	83.8	84.7	85.1	85.5
Shares, diluted (weighted)	64.4	65.2	65.5	76.8	83.2	83.7	84.6	84.9	85.3	85.5

Balance sheet

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Cash and equivalents	134	120	146	97.1	48.4	63.8	90	140	190	88.7
Receivables	60.7	68.5	75.4	59.5	46.3	77.6	105	88.3	96.6	112
Inventory	92.5	111	110	147	127	127	175	183	181	220
Other current assets	3.8	6.7	2.8	2.5	2.9	3.5	4	4.4	7.6	18.8
Total current assets	316	311	335	308	230	272	374	417	475	463
Property, plant and equipment	1,543	1,501	1,471	1,390	1,328	1,288	1,229	1,191	1,144	1,203
Lease right-of-use assets				12.4	10.8	12.9	11.3	11.6	11.5	12.2
Goodwill	76.9	76.9	76.9	3.4	3.4				3.4	55.6
Intangible assets	179	168	157	34.7	33.8	31.8	29.8	27.7	25.8	44
Other non-current assets	6.3	2.8	5.5	17.2	18.5	20.4	18.1	21.4	20.8	24.6
Total assets	2,121	2,060	2,045	1,754	1,613	1,615	1,655	1,660	1,668	1,790
Accounts payable	98.6	116	115	142	104	126	159	172	153	157
Accrued liabilities	49.8	53.2	45.6	47.3	49.8	53	61.4	51.7	52.6	60.8
Deferred revenue	2.5	1.7	3	0.3
Short-term debt	4.9	2.6	3.9	2.9	3	3.2	3.3	0
Total current liabilities	172	178	171	195	159	182	224	224	206	220
Long-term debt	849	861	835	780	674	610	529	490	492	686
Lease liabilities				9.8	8.2	9.8	8.5	8.6	8.5	8.9
Other non-current liabilities	19	16.1	17.6	23.6	24.3	27.1	24.7	27.3	24.6	28.8
Total liabilities	1,481	1,401	1,363	1,235	1,113	1,080	1,032	1,015	957	1,164
Total debt	854	864	838	783	677	614	532	490	492	686
Paid-in capital	492	486	489	712	716	721	728	730	733	732
Retained earnings	-22	101	127	-30.1	-46.6	-23.4	53.5	80.2	138	52.3
Treasury stock	-141	-141	-141	-177	-184	-184	-184	-184	-184	-184
Other comprehensive income	-19	-21.2	-13.1	-14.4	-17.1	-16.7	-13	-12.8	-7.7	-4.2
Shareholders' equity	311	426	463	492	469	498	586	614	680	597
Minority interests	329	233	220	26.8	31.9	37.3	37.1	31.3	30.8	28.8
Total equity	640	660	683	518	501	535	623	646	711	626
Total liabilities and equity	2,121	2,060	2,045	1,754	1,613	1,615	1,655	1,660	1,668	1,790

Cash flow statement

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Net income	59.5	104	47	-148	8.8	48.8	105	63.5	104	-38.8
Depreciation and amortization	114	128	142	144	134	134	143	143	119	154
Stock-based compensation	6.5	4.8	3.1	4.5	3.8	6.1	6.7	5.1	4	2.4
Deferred income tax	3.1	-87.2	-3.4	-63.1	12.1	9.3	2.3	18.6	4.5	-23.1
Change in receivables	3.7	-7.8	-6.9	15.9	13.2	-31.3	-32.3	16.8	-8.9	31
Change in inventory	29.4	-18.5	0.6	-36.6	21.8	-1.1	-48.2	-7.2	1.8	-28.1
Change in payables	-0.8	11.7	-0.7	23.5	-38	29.5	27.4	19.7	-12.9	-18.6
Cash from operations	219	149	186	182	158	233	209	249	169	109
Capital expenditures	-63.7	-75.6	-100	-110	-73.9	-98.6	-75.5	-109	-72.9	-66.8
Acquisitions	0	0	-4					0	0	-272
Cash from investing	-53.9	-55.1	-95.8	-110	-75.3	-99.3	-70.2	-109	-72.3	-339
Debt issued	0	694	45	0	0	500	0	0
Debt repaid	-66.1	-645	-45.7	-90.5	-55.9	-609	0	0
Stock issued	0
Share buybacks	0	0	0	-36.3	-7	0	0
Dividends paid	0	0	0	-5.1	-19.9	-20.1	-23.6	-30.7	-37.6	-41.4
Cash from financing	-172	-108	-64.5	-121	-131	-118	-113	-89.7	-47	129
Exchange rate effect								0	0	0.4
Net change in cash	10.6	-14.3	25.5	-48.6	-48.7	15.4	26.2	50.1	49.5	-101
Free cash flow	155	72.9	85.5	71.8	83.9	135	133	140	95.9	42.3
Interest paid	53.4	67.9	59.6	58.2	51.8	40	28.5	25.7	24.4	28.5
Income taxes paid	-2.3	5.8	3.7	9.5	1.1	2.9	14.5	17.7	18	12.8

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 $9.57 on September 25, 2026.

Profitability

Metric	Value	How it is calculated
Operating margin	-2.7%	Operating income / revenue.
EBITDA margin	6.9%	EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin	-4.5%	Pre-tax income / revenue.
Net margin	-2.9%	Net income / revenue.
FCF margin	1.5%	Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin	5.9%	Cash from operations / revenue.
Return on equity (ROE)	-9.3%	Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)	-3.1%	Net income / average total assets.
Return on invested capital (ROIC)	-3.4%	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	5.9%	Selling, general and administrative expense / revenue.
Stock-based pay / revenue	0.2%	Stock-based compensation (from the cash flow statement) / revenue.
Capex / revenue	4.3%	Capital expenditures / revenue.
D&A / revenue	9.5%	Depreciation and amortization / revenue.

Growth

Metric	Value	How it is calculated
Revenue growth, 1y	-5.1%	Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y	-2.3%	Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y	6.6%	Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating income growth, 1y	-129.2%	Operating income vs the same period a year earlier. Only from a positive base.
EBITDA growth, 1y	-59.7%	EBITDA vs the same period a year earlier. Only from a positive base.
EBITDA CAGR, 3y	-28.3%	Compound annual growth of ebitda over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EBITDA CAGR, 5y	-11.7%	Compound annual growth of ebitda over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Net income growth, 1y	-146.1%	Net income vs the same period a year earlier. Only from a positive base.
EPS growth, 1y	-146.4%	EPS vs the same period a year earlier. Only from a positive base.
Operating cash flow growth, 1y	-35.4%	Operating cash flow vs the same period a year earlier. Only from a positive base.
Operating cash flow CAGR, 3y	-19.5%	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	-7.1%	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	-55.9%	Free cash flow vs the same period a year earlier. Only from a positive base.
Free cash flow CAGR, 3y	-31.8%	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	-12.8%	Compound annual growth of free cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Book value growth, 1y	-12.2%	Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y	0.7%	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	5.0%	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	7.3%	Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y	2.7%	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	2.1%	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	0.2%	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	0.4%	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	0.5%	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	2.25x	Current assets / current liabilities.
Quick ratio	1.20x	(Cash + short-term investments + receivables) / current liabilities.
Cash ratio	0.20x	(Cash + short-term investments) / current liabilities.
Debt / equity	1.12x	Total debt / shareholders' equity. Not shown when equity is negative.
Debt / assets	37.5%	Total debt / total assets.
Liabilities / assets	64.8%	Total liabilities / total assets.
Net debt	$611.2M	Total debt - cash - short-term investments. Negative means more cash than debt.
Net debt / EBITDA	4.70x	Net debt / EBITDA (twelve months), when EBITDA is positive.
Interest coverage	-1.33x	Operating income / interest expense.
Working capital	$263.1M	Current assets - current liabilities.
Goodwill and intangibles / assets	5.6%	(Goodwill + intangible assets) / total assets.
Tangible book value	$487.9M	Shareholders' equity - goodwill - intangible assets.

Efficiency

Metric	Value	How it is calculated
Asset turnover	1.09x	Revenue / average total assets.
Fixed asset turnover	1.65x	Revenue / average property, plant and equipment.
Receivables turnover	9.07x	Revenue / average receivables.
Days sales outstanding	40 days	365 x average receivables / revenue.
Capex / operating cash flow	73.9%	Capital expenditures / cash from operations, when that is positive.

Per share

Metric	Value	How it is calculated
EPS, diluted	-$0.64	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	$22.12	Revenue / diluted weighted shares.
FCF per share	$0.34	Free cash flow / diluted weighted shares.
Operating cash flow per share	$1.30	Cash from operations / diluted weighted shares.
Book value per share	$6.83	Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share	$5.69	Tangible book value / shares outstanding.
Cash per share	$0.50	(Cash + short-term investments) / shares outstanding.
Dividends / FCF	141.6%	Dividends paid / free cash flow, when free cash flow is positive.

Valuation

Metric	Value	How it is calculated
Market cap	$812.3M	Share price x shares outstanding.
Enterprise value	$1.42B	Market cap + total debt - cash - short-term investments.
P/S	0.43x	Market cap / revenue.
P/B	1.39x	Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book	1.66x	Market cap / tangible book value, when positive.
P/FCF	27.9x	Market cap / free cash flow. Only when free cash flow is positive.
P/OCF	7.30x	Market cap / cash from operations, when positive.
EV/Sales	0.75x	Enterprise value / revenue.
EV/EBITDA	10.9x	Enterprise value / EBITDA, when both are positive.
EV/FCF	48.9x	Enterprise value / free cash flow, when both are positive.
FCF yield	3.6%	Free cash flow / market cap.
Earnings yield	-6.7%	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 SunCoke Energy, Inc.'s revenue in fiscal 2025?

SunCoke Energy, Inc. reported revenue of $1.84B for fiscal 2025, 5.1% lower than the year before.

Was SunCoke Energy, Inc. profitable in fiscal 2025?

No. It reported a net loss of $44.2M.

How much free cash flow did SunCoke Energy, Inc. generate in fiscal 2025?

Cash from operations of $109.1M minus capital expenditures of $66.8M left free cash flow of $42.3M.

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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