WEYCO GROUP INC financial statements

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

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2020	FY2022	FY2023	FY2024	FY2025
Revenue	297	284	298	304	195	268	352	318	290	276
Cost of revenue	185	173	178	180	117	160	207	175	159	157
Gross profit	112	111	120	124	78.6	107	144	143	132	119
Selling, general and administrative	89.3	87.3	94.6	96.9	86.2	81.7	104	102	94.9	90.1
Operating income	22.8	23.4	25.5	27	-7.6	25.7	40.4	41	36.6	29.2
Interest expense	0.44	0.02	0.05	0.24	0.08	0.08	0.71	0.53	0.02	0
Interest income	0.76	0.77	0.98	0.82	0.53	0.64	0.36	1.11	3.68	2.97
Other non-operating income	-1.03	-0.25	-0.64	-0.54	0.1	1.08	-0.28	-0.74	-0.44	-0.11
Pre-tax income	22.1	23.9	25.8	27.1	-7.05	27.3	39.7	40.9	39.8	32
Income tax	5.08	7.22	5.8	6.2	1.43	6.79	10.2	10.7	9.52	8.95
Net income to minority interests	0.52	0.21	-0.53	0
Net income	16.5	16.5	20.5	20.9	-8.49	20.6	29.5	30.2	30.3	23.1
EBITDA	26.5	27.4	29.2	30.3	-4.7	28.2	42.9	43.6	39.1	32.1
EPS, basic	1.57	1.61	2.01	2.11	-0.87	2.13	3.09	3.19	3.21	2.44
EPS, diluted	1.56	1.60	1.97	2.10	-0.87	2.12	3.07	3.17	3.16	2.41
Shares, basic (weighted)	10.5	10.3	10.2	9.9	9.76	9.66	9.56	9.45	9.46	9.47
Shares, diluted (weighted)	10.6	10.3	10.4	9.95	9.76	9.69	9.62	9.54	9.6	9.57
Dividend per share	0.83	0.87	0.91	0.95	0.96	0.96	0.96	0.99	3.03	3.07

Balance sheet

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2020	FY2022	FY2023	FY2024	FY2025
Cash and equivalents	13.7	23.5	23	9.8	32.5	19.7	16.9	69.3	71	96
Receivables	50.7	49.5	51.5	51.5	34.6	53.3	53.3	39.3	37.5	38.9
Inventory	69.9	60.3	72.7	86.7	59	71	128	74.9	74	65.9
Other current assets	6.2	5.77	5.38	6.05	4.61	4.32	5.87	3.82	3.44	3.22
Total current assets	146	146	154	160	134	157	206	190	209	205
Property, plant and equipment	33.7	31.6	28.7	32.2	30.8	29.2	28.8	29.5	28.2	27.4
Lease right-of-use assets			0	18.8	9.61	9.54	13.4	12.5	10.5	10.3
Goodwill	11.1	11.1	11.1	11.1	11.1	12.3	12.3	12.3	12.3	12.3
Intangible assets	2.14	1.91	1.67	1.44	1.21	0.97	0.74	0.51	0.27	0.04
Other non-current assets	22.8	23.1	23.3	23.7	24	23.6	23.8	24.3	24.3	27.9
Total assets	268	263	270	297	257	278	327	309	324	320
Accounts payable	11.9	8.91	12.8	12.5	8.44	19.2	14.9	8.85	8.38	11.2
Accrued liabilities	10.6	14	6.43	5.89	4.02	5.95	6.68	7.07	6.94	3.67
Short-term debt	4.27	0	5.84	7.05	0		31.1
Total current liabilities	29	25.2	36.1	41.9	24.3	34.5	67.5	29.6	47.3	48.6
Lease liabilities			0	14.1	7.73	7.52	10.7	9.53	7.03	6.44
Other non-current liabilities	2.48	2.17	1.5	0.33	0.27	1.44	0.47	0.47	0.39	0.41
Total liabilities	60	57.2	64.5	86.9	68.8	76.3	103	64.8	78.5	80.1
Paid-in capital	50.2	55.9	64.3	65.8	67.2	68.7	70.5	71.7	72.6	74
Retained earnings	157	150	153	159	139	148	164	181	181	170
Other comprehensive income	-16.6	-17.9	-21.6	-24.5	-28	-24.8	-20.2	-17.3	-17.9	-13.9
Shareholders' equity	202	199	206
Minority interests	6.69	7.12	0
Total equity	208	206	206	210	188	201	224	244	246	240
Total liabilities and equity	268	263	270	297	257	278	327	309	324	320
Shares outstanding	10.5	10.2	10.1	9.87	9.8	9.71	9.58	9.5	9.64	9.53

Cash flow statement

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2020	FY2022	FY2023	FY2024	FY2025
Net income	17	16.7	20	20.9	-8.49	20.6	29.5	30.2	30.3	23.1
Depreciation and amortization	3.67	3.96	3.71	3.29	2.9	2.49	2.49	2.58	2.48	2.88
Stock-based compensation	1.56	1.62	1.51	1.45	1.38	1.58	1.52	1.35	1.45	1.68
Deferred income tax	-2.65	2.19	0.64	-0.87	2.76	0.91	1.3	2.46	1.06	0.33
Change in receivables	3.18	0.64	-2.41	-0.14	11.4	-18.7	-0.28	13.5	1.78	-1.51
Change in inventory	27.3	9.63	-12.4	-14	27.5	-11.3	-57	53	0.82	8.06
Change in payables	-1.38	-2.81	3.9	-0.32	-4.15	10.8	-4.29	-6.07	-0.42	2.85
Cash from operations	46.9	33.5	13.1	9.39	40	6.39	-29.9	98.6	37.7	37.3
Capital expenditures	-5.99	-1.58	-1.41	-7.39	-3.37	-1.01	-2.34	-3.31	-1.39	-1.75
Acquisitions					0	-2.55	0
Purchases of investments					0	-35	0
Cash from investing	-6.69	0.24	1.82	-8.94	3.16	-7	7.43	-1.24	-1.17	-0.24
Stock issued	2.99	4.28	4.4	0.16	0	0	0.29	0.1	0.05	0.01
Share buybacks	-11	-15.2	-11.4	-5.65	-2.06	-2.53	-4.2	-4.34	-0.59	-5.27
Dividends paid	-8.72	-8.88	-9.21	-9.41	-11.8	-9.35	-6.95	-9.29	-9.69	-7.73
Cash from financing	-44.5	-24.4	-14.9	-13.7	-20.9	-11.9	20.3	-45.3	-32.2	-13.2
Exchange rate effect	0.04	0.4	-0.45	0.07	0.43	-0.29
Net change in cash	-4.22	9.74	-0.48	-13.2	22.7	-12.8	-2.84	52.4	1.65	25
Free cash flow	40.9	31.9	11.6	2	36.6	5.39	-32.2	95.3	36.3	35.5
Interest paid	0.44	0.02	0.05	0.24	0.07	0.08	0.71	0.98	0.02	0
Income taxes paid	8.51	4.9	3.67	7.6	0.91	5.81	9.44	7.12	9.4	6.86

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 $47.44 on September 25, 2026.

Profitability

Metric	Value	How it is calculated
Gross margin	49.1%	Gross profit / revenue.
Operating margin	15.3%	Operating income / revenue.
EBITDA margin	16.3%	EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin	16.7%	Pre-tax income / revenue.
Net margin	12.4%	Net income / revenue.
FCF margin	16.2%	Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin	17.2%	Cash from operations / revenue.
Effective tax rate	25.8%	Income tax / pre-tax income, when pre-tax income is positive.
Return on assets (ROA)	11.2%	Net income / average total assets.
SG&A / revenue	33.8%	Selling, general and administrative expense / revenue.
Stock-based pay / revenue	0.6%	Stock-based compensation (from the cash flow statement) / revenue.
Capex / revenue	0.9%	Capital expenditures / revenue.
D&A / revenue	1.0%	Depreciation and amortization / revenue.

Growth

Metric	Value	How it is calculated
Revenue growth, 1y	-4.9%	Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y	-7.7%	Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y	7.2%	Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Gross profit growth, 1y	-9.3%	Gross profit vs the same period a year earlier. Only from a positive base.
Gross profit CAGR, 3y	-6.2%	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	8.7%	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	-20.3%	Operating income vs the same period a year earlier. Only from a positive base.
Operating income CAGR, 3y	-10.3%	Compound annual growth of operating income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EBITDA growth, 1y	-18.0%	EBITDA vs the same period a year earlier. Only from a positive base.
EBITDA CAGR, 3y	-9.2%	Compound annual growth of ebitda over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Net income growth, 1y	-23.9%	Net income vs the same period a year earlier. Only from a positive base.
Net income CAGR, 3y	-7.9%	Compound annual growth of net income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EPS growth, 1y	-23.7%	EPS vs the same period a year earlier. Only from a positive base.
EPS CAGR, 3y	-7.8%	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	-1.3%	Operating cash flow vs the same period a year earlier. Only from a positive base.
Operating cash flow CAGR, 5y	-1.4%	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	-2.3%	Free cash flow vs the same period a year earlier. Only from a positive base.
Free cash flow CAGR, 5y	-0.6%	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	1.3%	Dividend per share vs the same period a year earlier. Only from a positive base.
Dividend per share CAGR, 3y	47.3%	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	26.2%	Compound annual growth of dividend per share over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y	-1.4%	Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y	-0.7%	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	4.5%	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	-0.4%	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	-0.2%	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	-0.4%	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	7.55x	Current assets / current liabilities.
Quick ratio	4.86x	(Cash + short-term investments + receivables) / current liabilities.
Cash ratio	3.55x	(Cash + short-term investments) / current liabilities.
Liabilities / assets	18.1%	Total liabilities / total assets.
Interest coverage	10,693x	Operating income / interest expense.
Working capital	$172.5M	Current assets - current liabilities.
Goodwill and intangibles / assets	4.0%	(Goodwill + intangible assets) / total assets.

Efficiency

Metric	Value	How it is calculated
Asset turnover	0.90x	Revenue / average total assets.
Fixed asset turnover	10.1x	Revenue / average property, plant and equipment.
Inventory turnover	2.91x	Cost of revenue / average inventory.
Days inventory	126 days	365 x average inventory / cost of revenue.
Receivables turnover	8.17x	Revenue / average receivables.
Days sales outstanding	45 days	365 x average receivables / revenue.
Days payables	16 days	365 x average accounts payable / cost of revenue.
Cash conversion cycle	154 days	Days inventory + days sales outstanding - days payables.
FCF conversion	131.1%	Free cash flow / net income, when net income is positive.
Capex / operating cash flow	5.3%	Capital expenditures / cash from operations, when that is positive.

Per share

Metric	Value	How it is calculated
EPS, diluted	$3.63	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	$29.30	Revenue / diluted weighted shares.
FCF per share	$4.76	Free cash flow / diluted weighted shares.
Operating cash flow per share	$5.03	Cash from operations / diluted weighted shares.
Cash per share	$9.80	(Cash + short-term investments) / shares outstanding.
Payout ratio	84.3%	Dividends paid / net income, when net income is positive.
Dividends / FCF	64.3%	Dividends paid / free cash flow, when free cash flow is positive.
Buybacks / FCF	4.8%	Share buybacks / free cash flow, when free cash flow is positive.

Valuation

Metric	Value	How it is calculated
Market cap	$453.1M	Share price x shares outstanding.
Enterprise value	$359.4M	Market cap + total debt - cash - short-term investments.
P/E	13.1x	Market cap / net income. Only when net income is positive.
P/S	1.62x	Market cap / revenue.
P/FCF	9.96x	Market cap / free cash flow. Only when free cash flow is positive.
P/OCF	9.43x	Market cap / cash from operations, when positive.
EV/Sales	1.28x	Enterprise value / revenue.
EV/EBIT	8.40x	Enterprise value / operating income, when both are positive.
EV/EBITDA	7.87x	Enterprise value / EBITDA, when both are positive.
EV/FCF	7.90x	Enterprise value / free cash flow, when both are positive.
FCF yield	10.0%	Free cash flow / market cap.
Earnings yield	7.7%	Net income / market cap (the inverse of P/E).
Dividend yield	6.5%	Dividends paid over the period / market cap.
Shareholder yield	6.9%	(Dividends paid + share buybacks) / market cap.

What was WEYCO GROUP INC's revenue in fiscal 2025?

WEYCO GROUP INC reported revenue of $276.2M for fiscal 2025, 4.9% lower than the year before.

Was WEYCO GROUP INC profitable in fiscal 2025?

Yes. Net income was $23.1M, a net margin of 8.4%.

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

Cash from operations of $37.3M minus capital expenditures of $1.8M left free cash flow of $35.5M.

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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