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Driven Brands (DRVN) Financials

Driven Brands logo
$16.35 +0.15 (+0.93%)
As of 01:57 PM Eastern
Annual Income Statements for Driven Brands

Annual Income Statements for Driven Brands

This table shows Driven Brands' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2019 2020 2021 2022 2023 2024
Net Income / (Loss) Attributable to Common Shareholders
7.73 -4.20 9.63 43 -745 -292
Consolidated Net Income / (Loss)
7.75 -4.22 9.54 43 -745 -292
Net Income / (Loss) Continuing Operations
7.75 -4.22 9.54 43 -745 -292
Total Pre-Tax Income
13 7.16 35 68 -848 -318
Total Operating Income
70 95 177 200 -687 -140
Total Gross Profit
600 904 1,467 2,033 2,304 2,340
Total Revenue
600 904 1,467 2,033 2,304 2,340
Operating Revenue
600 904 1,467 2,033 2,304 2,340
Total Cost of Revenue
0.00 0.00 0.00 0.00 0.00 0.00
Total Operating Expenses
530 809 1,290 1,834 2,991 2,480
Selling, General & Admin Expense
489 721 1,109 1,555 1,831 1,910
Depreciation Expense
24 62 113 147 175 180
Impairment Charge
0.00 8.14 3.26 131 984 389
Total Other Income / (Expense), net
-57 -88 -142 -131 -161 -177
Interest Expense
57 101 121 114 164 157
Other Income / (Expense), net
- 14 -21 -17 3.08 -20
Income Tax Expense
4.83 11 25 25 -103 -25
Net Income / (Loss) Attributable to Noncontrolling Interest
0.02 -0.02 -0.10 -0.02 0.00 0.00
Basic Earnings per Share
$0.09 ($0.04) $0.06 $0.26 ($4.50) ($1.79)
Weighted Average Basic Shares Outstanding
88.99M 104.32M 160.68M 162.76M 161.92M 160.32M
Diluted Earnings per Share
$0.09 ($0.04) $0.06 $0.25 ($4.53) ($1.82)
Weighted Average Diluted Shares Outstanding
88.99M 104.32M 164.64M 166.74M 161.92M 160.32M
Weighted Average Basic & Diluted Shares Outstanding
- - 167.51M 167.44M 163.97M 163.84M

Quarterly Income Statements for Driven Brands

This table shows Driven Brands' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Net Income / (Loss) Attributable to Common Shareholders
38 27 30 38 -799 -13 4.26 30 -15 -312
Consolidated Net Income / (Loss)
38 27 30 38 -799 -13 4.26 30 -15 -312
Net Income / (Loss) Continuing Operations
38 27 30 38 -799 -13 4.26 30 -15 -312
Total Pre-Tax Income
53 44 41 58 -951 4.73 10 48 -5.14 -371
Total Operating Income
96 66 77 98 -907 46 59 81 40 -319
Total Gross Profit
517 540 562 607 581 554 572 612 592 564
Total Revenue
517 540 562 607 581 554 572 612 592 564
Operating Revenue
517 540 562 607 581 554 572 612 592 564
Total Operating Expenses
421 474 485 509 1,488 508 514 531 552 883
Selling, General & Admin Expense
378 443 444 453 477 458 448 473 484 506
Depreciation Expense
37 40 38 45 46 46 43 45 43 49
Impairment Charge
2.89 2.75 0.17 6.04 962 15 19 12 24 333
Total Other Income / (Expense), net
-43 -22 -36 -40 -44 -41 -48 -32 -45 -52
Interest Expense
27 35 38 41 41 44 44 32 44 38
Other Income / (Expense), net
-16 13 1.68 1.30 -2.98 3.08 -4.32 -0.68 -0.77 -14
Income Tax Expense
14 17 11 20 -152 18 6.16 18 9.81 -59
Basic Earnings per Share
$0.23 $0.16 $0.18 $0.23 ($4.82) ($0.09) $0.03 $0.18 ($0.09) ($1.91)
Weighted Average Basic Shares Outstanding
162.76M 162.76M 162.78M 162.91M 162.40M 161.92M 159.63M 159.80M 159.80M 160.32M
Diluted Earnings per Share
$0.23 $0.16 $0.17 $0.22 ($4.83) ($0.09) $0.03 $0.18 ($0.09) ($1.94)
Weighted Average Diluted Shares Outstanding
166.83M 166.74M 166.87M 166.89M 162.40M 161.92M 160.60M 160.77M 159.80M 160.32M
Weighted Average Basic & Diluted Shares Outstanding
167.40M 167.44M 167.56M 167.53M 163.96M 163.97M 164.08M 164.08M 164.11M 163.84M

Annual Cash Flow Statements for Driven Brands

This table details how cash moves in and out of Driven Brands' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2019 2020 2021 2022 2023 2024
Net Change in Cash & Equivalents
5.36 150 355 -302 -45 -6.47
Net Cash From Operating Activities
41 84 284 197 235 241
Net Cash From Continuing Operating Activities
41 84 284 197 235 241
Net Income / (Loss) Continuing Operations
7.75 -4.22 9.54 43 -745 -292
Consolidated Net Income / (Loss)
7.75 -4.22 9.54 43 -745 -292
Depreciation Expense
24 62 113 147 175 180
Amortization Expense
3.68 11 7.00 8.45 12 18
Non-Cash Adjustments To Reconcile Net Income
4.04 8.89 62 139 1,023 475
Changes in Operating Assets and Liabilities, net
1.68 6.31 92 -141 -231 -140
Net Cash From Investing Activities
-482 -57 -815 -840 -451 59
Net Cash From Continuing Investing Activities
-482 -57 -815 -840 -451 59
Purchase of Property, Plant & Equipment
-28 -52 -161 -436 -596 -289
Acquisitions
-454 -105 -801 -763 -60 -2.99
Sale of Property, Plant & Equipment
0.00 100 147 359 205 351
Net Cash From Financing Activities
447 119 886 343 171 -303
Net Cash From Continuing Financing Activities
447 119 886 343 171 -303
Repayment of Debt
-25 -903 -1,288 -468 -163 -583
Repurchase of Common Equity
0.00 0.00 -43 0.00 -50 0.00
Issuance of Debt
634 1,016 1,477 800 378 321
Other Financing Activities, net
0.08 2.85 78 11 6.12 -41
Effect of Exchange Rate Changes
-0.12 4.47 0.56 -2.28 0.48 -4.10
Cash Interest Paid
51 89 76 113 156 148
Cash Income Taxes Paid
1.77 6.24 13 17 23 37

Quarterly Cash Flow Statements for Driven Brands

This table details how cash moves in and out of Driven Brands' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Net Change in Cash & Equivalents
-9.61 27 -34 25 8.34 -44 -6.08 -24 64 -40
Net Cash From Operating Activities
92 30 37 78 97 23 60 47 101 33
Net Cash From Continuing Operating Activities
92 30 37 78 97 23 60 47 101 33
Net Income / (Loss) Continuing Operations
38 27 30 38 -799 -13 4.26 30 -15 -312
Consolidated Net Income / (Loss)
38 27 30 38 -799 -13 4.26 30 -15 -312
Depreciation Expense
37 40 38 45 46 46 43 45 43 49
Amortization Expense
2.24 1.64 1.85 2.49 2.94 4.95 3.30 4.05 3.33 7.35
Non-Cash Adjustments To Reconcile Net Income
24 -33 6.33 0.92 996 20 35 17 46 378
Changes in Operating Assets and Liabilities, net
-8.58 -5.79 -39 -8.79 -148 -35 -25 -48 24 -90
Net Cash From Investing Activities
-287 -69 -182 -39 -140 -90 -34 0.25 85 7.59
Net Cash From Continuing Investing Activities
-287 -69 -182 -39 -140 -90 -34 0.25 85 7.59
Purchase of Property, Plant & Equipment
-127 -160 -169 -151 -163 -114 -89 -66 -63 -69
Acquisitions
-258 -111 -29 -16 -8.77 -5.93 -2.02 -0.74 - -0.23
Sale of Property, Plant & Equipment
98 202 17 127 31 30 57 67 149 77
Net Cash From Financing Activities
188 61 108 -13 53 23 -33 -69 -125 -76
Net Cash From Continuing Financing Activities
188 61 108 -13 53 23 -33 -68 -125 -76
Repayment of Debt
-7.20 -450 -33 -103 -7.40 -20 -55 -54 -399 -76
Other Financing Activities, net
0.46 11 1.38 0.38 4.36 - -25 -15 -0.67 -0.60
Effect of Exchange Rate Changes
-3.25 5.42 2.39 -0.31 -1.72 0.12 1.13 -2.75 1.69 -4.17
Cash Interest Paid
27 35 38 41 41 36 42 31 39 36
Cash Income Taxes Paid
3.73 8.04 5.67 7.94 4.97 4.36 3.72 17 7.43 9.37

Annual Balance Sheets for Driven Brands

This table presents Driven Brands' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2020 2021 2022 2023 2024
Total Assets
4,655 5,857 6,500 5,911 5,262
Total Current Assets
374 769 571 821 657
Cash & Equivalents
173 523 227 177 170
Restricted Cash
45 46 0.79 0.66 0.36
Note & Lease Receivable
85 118 180 151 180
Inventories, net
43 47 72 83 68
Prepaid Expenses
25 24 40 47 42
Current Deferred & Refundable Income Taxes
3.06 6.87 15 16 14
Other Current Assets
- - 36 46 50
Other Current Nonoperating Assets
0.00 3.28 0.00 301 134
Plant, Property, & Equipment, net
827 1,351 1,546 1,438 1,024
Total Noncurrent Assets
3,454 3,737 4,352 3,651 3,580
Goodwill
1,727 1,910 2,277 1,456 1,403
Intangible Assets
829 816 766 739 666
Noncurrent Deferred & Refundable Income Taxes
0.00 1.51 2.91 3.66 8.21
Other Noncurrent Operating Assets
894 1,009 1,306 1,452 1,503
Total Liabilities & Shareholders' Equity
4,655 5,857 6,500 5,911 5,262
Total Liabilities
3,549 4,212 4,846 5,004 4,654
Total Current Liabilities
305 478 505 427 434
Short-Term Debt
23 26 33 33 33
Accounts Payable
68 83 61 68 95
Accrued Expenses
191 307 317 242 254
Current Deferred & Payable Income Tax Liabilities
3.51 35 58 61 30
Other Current Liabilities
20 26 37 23 22
Total Noncurrent Liabilities
3,243 3,734 4,341 4,577 4,221
Long-Term Debt
2,102 2,356 2,705 2,911 2,660
Noncurrent Deferred Revenue
21 28 30 31 31
Noncurrent Deferred & Payable Income Tax Liabilities
249 257 395 273 198
Other Noncurrent Operating Liabilities
871 1,093 1,211 1,363 1,330
Commitments & Contingencies
- - 0.00 0.00 0.00
Total Equity & Noncontrolling Interests
1,106 1,645 1,654 907 607
Total Preferred & Common Equity
1,104 1,644 1,653 906 607
Preferred Stock
- 0.00 0.00 0.00 0.00
Total Common Equity
1,104 1,644 1,653 906 607
Common Stock
1,056 1,608 1,631 1,654 1,701
Retained Earnings
32 42 85 -710 -1,003
Accumulated Other Comprehensive Income / (Loss)
17 -5.03 -62 -38 -92
Noncontrolling Interest
2.12 1.10 0.63 0.64 0.00

Quarterly Balance Sheets for Driven Brands

This table presents Driven Brands' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q1 2023 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024
Total Assets
6,123 6,706 6,844 5,888 5,890 5,826 5,760
Total Current Assets
522 602 614 858 816 758 747
Cash & Equivalents
190 191 212 211 166 149 204
Restricted Cash
0.79 0.79 0.66 0.66 53 47 4.41
Note & Lease Receivable
156 217 200 166 166 195 172
Inventories, net
63 78 83 83 83 71 70
Prepaid Expenses
53 54 52 42 50 44 37
Current Deferred & Refundable Income Taxes
5.07 13 14 20 7.34 14 18
Other Current Assets
53 49 51 64 - - 55
Other Current Nonoperating Assets
0.00 - - 271 291 237 186
Plant, Property, & Equipment, net
1,693 1,710 1,678 1,409 1,426 1,423 1,418
Total Noncurrent Assets
3,908 4,372 4,515 3,579 3,649 3,646 3,594
Goodwill
2,083 2,288 2,300 1,434 1,436 1,432 1,427
Intangible Assets
718 762 756 742 729 722 677
Noncurrent Deferred & Refundable Income Taxes
1.17 2.93 3.03 2.82 3.45 3.63 3.63
Other Noncurrent Operating Assets
1,099 1,319 1,456 1,400 1,480 1,489 1,486
Total Liabilities & Shareholders' Equity
6,123 6,706 6,844 5,888 5,890 5,826 5,760
Total Liabilities
4,558 5,007 5,096 5,007 4,984 4,883 4,797
Total Current Liabilities
469 527 519 475 439 359 394
Short-Term Debt
24 33 32 32 33 33 33
Accounts Payable
79 89 82 90 83 72 79
Accrued Expenses
266 301 311 256 247 237 254
Current Deferred & Payable Income Tax Liabilities
73 56 57 58 43 2.05 1.02
Other Current Liabilities
27 48 37 38 33 15 27
Total Noncurrent Liabilities
4,089 4,480 4,577 4,532 4,544 4,524 4,403
Long-Term Debt
2,657 2,816 2,780 2,877 2,905 2,856 2,733
Noncurrent Deferred Revenue
42 30 30 31 32 31 32
Noncurrent Deferred & Payable Income Tax Liabilities
343 401 416 260 258 291 298
Other Noncurrent Operating Liabilities
1,047 1,234 1,352 1,364 1,349 1,346 1,341
Commitments & Contingencies
0.00 - - 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests
1,565 1,699 1,748 881 907 943 963
Total Preferred & Common Equity
1,564 1,698 1,747 880 906 943 963
Preferred Stock
- 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity
1,564 1,698 1,747 880 906 943 963
Common Stock
1,622 1,635 1,640 1,648 1,666 1,676 1,690
Retained Earnings
57 115 152 -697 -706 -676 -691
Accumulated Other Comprehensive Income / (Loss)
-115 -51 -45 -71 -54 -58 -36
Noncontrolling Interest
0.63 0.63 0.64 0.63 0.64 0.00 0.00

Annual Metrics and Ratios for Driven Brands

This table displays calculated financial ratios and metrics derived from Driven Brands' official financial filings.

Metric 2019 2020 2021 2022 2023 2024
Growth Metrics
- - - - - -
Revenue Growth
0.00% 50.63% 62.27% 38.57% 13.32% 1.54%
EBITDA Growth
0.00% 85.14% 52.33% 22.41% -246.71% 107.60%
EBIT Growth
0.00% 54.66% 44.41% 16.66% -474.63% 76.52%
NOPAT Growth
0.00% -229.38% 186.71% 160.58% -481.11% 79.57%
Net Income Growth
0.00% -154.40% 326.19% 352.74% -1,825.53% 60.74%
EPS Growth
0.00% -144.44% 250.00% 316.67% -1,912.00% 59.82%
Operating Cash Flow Growth
0.00% 103.00% 237.95% -30.53% 19.27% 2.67%
Free Cash Flow Firm Growth
0.00% 0.00% 87.21% -40.76% 150.86% -1.29%
Invested Capital Growth
0.00% 0.00% 14.63% 19.64% -18.43% -11.14%
Revenue Q/Q Growth
0.00% 0.00% 7.58% 7.84% 0.61% 0.45%
EBITDA Q/Q Growth
0.00% 0.00% -13.98% 41.25% -4.35% -90.86%
EBIT Q/Q Growth
0.00% 0.00% -23.35% 105.07% -4.67% -172.48%
NOPAT Q/Q Growth
0.00% 0.00% -57.52% 34.66% -3.04% -502.11%
Net Income Q/Q Growth
0.00% 0.00% -76.66% 287.62% -5.76% -4,725.17%
EPS Q/Q Growth
0.00% 0.00% -70.00% 308.33% -5.84% -6,166.67%
Operating Cash Flow Q/Q Growth
0.00% 0.00% 31.57% -22.15% -2.65% 4.23%
Free Cash Flow Firm Q/Q Growth
0.00% 0.00% 0.00% 25.79% -13.03% 721.62%
Invested Capital Q/Q Growth
0.00% 0.00% 7.43% 1.95% 3.28% -10.12%
Profitability Metrics
- - - - - -
Gross Margin
100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
EBITDA Margin
16.31% 20.05% 18.82% 16.63% -21.52% 1.61%
Operating Margin
11.66% 10.48% 12.07% 9.82% -29.80% -5.99%
EBIT Margin
11.66% 11.98% 10.66% 8.97% -29.66% -6.86%
Profit (Net Income) Margin
1.29% -0.47% 0.65% 2.12% -32.33% -12.50%
Tax Burden Percent
61.61% -58.92% 27.33% 63.17% 87.89% 92.08%
Interest Burden Percent
17.97% 6.61% 22.31% 37.46% 124.02% 197.94%
Effective Tax Rate
38.39% 158.92% 72.67% 36.83% 0.00% 0.00%
Return on Invested Capital (ROIC)
0.00% -3.70% 1.50% 3.32% -12.81% -3.08%
ROIC Less NNEP Spread (ROIC-NNEP)
0.00% 1.71% -0.59% -0.54% -23.50% -11.09%
Return on Net Nonoperating Assets (RNNOA)
0.00% 2.94% -0.80% -0.71% -45.39% -35.55%
Return on Equity (ROE)
0.00% -0.76% 0.69% 2.62% -58.19% -38.64%
Cash Return on Invested Capital (CROIC)
0.00% -203.70% -12.14% -14.56% 7.49% 8.71%
Operating Return on Assets (OROA)
0.00% 2.33% 2.98% 2.95% -11.01% -2.87%
Return on Assets (ROA)
0.00% -0.09% 0.18% 0.70% -12.01% -5.24%
Return on Common Equity (ROCE)
0.00% -0.76% 0.69% 2.62% -58.16% -38.62%
Return on Equity Simple (ROE_SIMPLE)
0.00% -0.38% 0.58% 2.61% -82.22% -48.16%
Net Operating Profit after Tax (NOPAT)
43 -56 48 126 -481 -98
NOPAT Margin
7.19% -6.17% 3.30% 6.20% -20.86% -4.20%
Net Nonoperating Expense Percent (NNEP)
0.00% -5.41% 2.09% 3.87% 10.69% 8.01%
Return On Investment Capital (ROIC_SIMPLE)
- - - 2.87% -12.48% -2.97%
Cost of Revenue to Revenue
0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
SG&A Expenses to Revenue
81.42% 79.70% 75.60% 76.50% 79.49% 81.66%
R&D to Revenue
0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue
88.34% 89.52% 87.93% 90.18% 129.80% 105.99%
Earnings before Interest and Taxes (EBIT)
70 108 156 182 -683 -160
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
98 181 276 338 -496 38
Valuation Ratios
- - - - - -
Price to Book Value (P/BV)
0.00 0.63 3.39 2.77 2.58 4.38
Price to Tangible Book Value (P/TBV)
0.00 0.00 0.00 0.00 0.00 0.00
Price to Revenue (P/Rev)
1.17 0.77 3.80 2.25 1.01 1.14
Price to Earnings (P/E)
90.54 0.00 578.67 105.86 0.00 0.00
Dividend Yield
0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield
1.10% 0.00% 0.17% 0.94% 0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)
0.00 0.87 2.14 1.71 1.51 1.73
Enterprise Value to Revenue (EV/Rev)
0.00 2.89 5.03 3.48 2.22 2.22
Enterprise Value to EBITDA (EV/EBITDA)
0.00 14.39 26.75 20.95 0.00 137.64
Enterprise Value to EBIT (EV/EBIT)
0.00 24.10 47.24 38.82 0.00 0.00
Enterprise Value to NOPAT (EV/NOPAT)
0.00 0.00 152.66 56.17 0.00 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)
0.00 31.07 26.03 35.92 21.71 21.48
Enterprise Value to Free Cash Flow (EV/FCFF)
0.00 0.00 0.00 0.00 18.17 18.69
Leverage & Solvency
- - - - - -
Debt to Equity
0.00 1.92 1.45 1.66 3.25 4.44
Long-Term Debt to Equity
0.00 1.90 1.43 1.64 3.21 4.38
Financial Leverage
0.00 1.72 1.35 1.30 1.93 3.21
Leverage Ratio
0.00 4.21 3.82 3.75 4.85 7.38
Compound Leverage Factor
0.00 0.28 0.85 1.40 6.01 14.61
Debt to Total Capital
0.00% 65.76% 59.15% 62.35% 76.45% 81.60%
Short-Term Debt to Total Capital
0.00% 0.71% 0.65% 0.75% 0.85% 1.01%
Long-Term Debt to Total Capital
0.00% 65.05% 58.50% 61.60% 75.60% 80.60%
Preferred Equity to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital
0.00% 0.07% 0.03% 0.01% 0.02% 0.00%
Common Equity to Total Capital
0.00% 34.17% 40.82% 37.64% 23.53% 18.40%
Debt to EBITDA
0.00 11.72 8.63 8.10 -5.94 71.50
Net Debt to EBITDA
0.00 10.52 6.56 7.43 -5.58 66.98
Long-Term Debt to EBITDA
0.00 11.60 8.53 8.00 -5.87 70.62
Debt to NOPAT
0.00 -38.08 49.23 21.72 -6.12 -27.44
Net Debt to NOPAT
0.00 -34.18 37.46 19.91 -5.76 -25.70
Long-Term Debt to NOPAT
0.00 -37.67 48.69 21.45 -6.06 -27.10
Altman Z-Score
0.00 0.42 1.20 1.00 0.20 0.47
Noncontrolling Interest Sharing Ratio
0.00% 0.19% 0.12% 0.05% 0.05% 0.04%
Liquidity Ratios
- - - - - -
Current Ratio
0.00 1.22 1.61 1.13 1.92 1.52
Quick Ratio
0.00 0.84 1.34 0.81 0.77 0.81
Cash Flow Metrics
- - - - - -
Free Cash Flow to Firm (FCFF)
0.00 -3,070 -393 -553 281 277
Operating Cash Flow to CapEx
146.55% 0.00% 2,011.96% 255.35% 60.02% 0.00%
Free Cash Flow to Firm to Interest Expense
0.00 -30.35 -3.23 -4.84 1.71 1.76
Operating Cash Flow to Interest Expense
0.72 0.83 2.34 1.73 1.43 1.54
Operating Cash Flow Less CapEx to Interest Expense
0.23 1.30 2.22 1.05 -0.95 1.93
Efficiency Ratios
- - - - - -
Asset Turnover
0.00 0.19 0.28 0.33 0.37 0.42
Accounts Receivable Turnover
0.00 0.00 0.00 0.00 0.00 0.00
Inventory Turnover
0.00 0.00 0.00 0.00 0.00 0.00
Fixed Asset Turnover
0.00 1.09 1.35 1.40 1.54 1.90
Accounts Payable Turnover
0.00 0.00 0.00 0.00 0.00 0.00
Days Sales Outstanding (DSO)
0.00 0.00 0.00 0.00 0.00 0.00
Days Inventory Outstanding (DIO)
0.00 0.00 0.00 0.00 0.00 0.00
Days Payable Outstanding (DPO)
0.00 0.00 0.00 0.00 0.00 0.00
Cash Conversion Cycle (CCC)
0.00 0.00 0.00 0.00 0.00 0.00
Capital & Investment Metrics
- - - - - -
Invested Capital
0.00 3,014 3,455 4,133 3,372 2,996
Invested Capital Turnover
0.00 0.60 0.45 0.54 0.61 0.73
Increase / (Decrease) in Invested Capital
0.00 3,014 441 679 -762 -376
Enterprise Value (EV)
0.00 2,610 7,388 7,083 5,105 5,185
Market Capitalization
700 700 5,574 4,572 2,338 2,662
Book Value per Share
$0.00 $10.59 $9.82 $9.87 $5.53 $3.70
Tangible Book Value per Share
$0.00 ($13.92) ($6.47) ($8.30) ($7.86) ($8.91)
Total Capital
0.00 3,232 4,028 4,392 3,850 3,301
Total Debt
0.00 2,125 2,382 2,738 2,943 2,694
Total Long-Term Debt
0.00 2,102 2,356 2,705 2,911 2,660
Net Debt
0.00 1,907 1,813 2,510 2,766 2,523
Capital Expenditures (CapEx)
28 -48 14 77 392 -62
Debt-free, Cash-free Net Working Capital (DFCFNWC)
0.00 -126 -252 -129 249 86
Debt-free Net Working Capital (DFNWC)
0.00 91 317 99 427 257
Net Working Capital (NWC)
0.00 68 291 66 394 224
Net Nonoperating Expense (NNE)
35 -52 39 83 264 194
Net Nonoperating Obligations (NNO)
0.00 1,907 1,810 2,480 2,465 2,389
Total Depreciation and Amortization (D&A)
28 73 120 156 188 198
Debt-free, Cash-free Net Working Capital to Revenue
0.00% -13.99% -17.20% -6.34% 10.83% 3.69%
Debt-free Net Working Capital to Revenue
0.00% 10.09% 21.62% 4.87% 18.52% 10.97%
Net Working Capital to Revenue
0.00% 7.55% 19.84% 3.25% 17.10% 9.55%
Earnings Adjustments
- - - - - -
Adjusted Basic Earnings per Share
$0.00 $0.00 $0.06 $0.26 $0.00 ($1.79)
Adjusted Weighted Average Basic Shares Outstanding
0.00 0.00 160.68M 162.76M 0.00 160.32M
Adjusted Diluted Earnings per Share
$0.00 $0.00 $0.06 $0.25 $0.00 ($1.82)
Adjusted Weighted Average Diluted Shares Outstanding
0.00 0.00 164.64M 166.74M 0.00 160.32M
Adjusted Basic & Diluted Earnings per Share
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding
0.00 0.00 167.51M 167.44M 0.00 163.84M
Normalized Net Operating Profit after Tax (NOPAT)
54 85 172 209 208 174
Normalized NOPAT Margin
8.96% 9.40% 11.70% 10.28% 9.03% 7.45%
Pre Tax Income Margin
2.10% 0.79% 2.38% 3.36% -36.79% -13.58%
Debt Service Ratios
- - - - - -
EBIT to Interest Expense
1.22 1.07 1.29 1.60 -4.16 -1.02
NOPAT to Interest Expense
0.75 -0.55 0.40 1.11 -2.93 -0.62
EBIT Less CapEx to Interest Expense
0.73 1.54 1.17 0.92 -6.55 -0.63
NOPAT Less CapEx to Interest Expense
0.26 -0.08 0.28 0.43 -5.31 -0.23
Payout Ratios
- - - - - -
Dividend Payout Ratio
2,103.23% 0.00% 0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio
2,103.23% 0.00% 451.34% 0.00% -6.71% 0.00%

Quarterly Metrics and Ratios for Driven Brands

This table displays calculated financial ratios and metrics derived from Driven Brands' official financial filings.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Growth Metrics
- - - - - - - - - -
Revenue Growth
39.19% 37.71% 20.10% 19.31% 12.47% 2.60% 1.74% 0.78% 1.83% 1.89%
EBITDA Growth
28.42% 457.79% 10.11% 1,696.77% -824.08% -17.19% -15.29% -12.47% 109.92% -378.05%
EBIT Growth
27.98% 651.30% 8.40% 299.30% -1,234.66% -38.54% -31.28% -19.28% 104.26% -785.30%
NOPAT Growth
48.32% 234,375.68% 5.30% 354.17% -1,012.72% -408.56% -57.58% -20.38% 104.36% -76.38%
Net Income Growth
16.03% 170.64% -13.59% 166.18% -2,182.03% -147.99% -85.68% -20.11% 98.13% -2,272.57%
EPS Growth
21.05% 176.19% -15.00% 164.71% -2,200.00% -156.25% -82.35% -18.18% 98.14% -2,055.56%
Operating Cash Flow Growth
25.52% -65.52% 306.99% 17.25% 5.62% -21.64% 63.85% -39.66% 3.93% 42.38%
Free Cash Flow Firm Growth
75.75% -44.61% 41.73% 57.70% 120.13% 199.60% 307.57% 355.75% -126.75% -76.00%
Invested Capital Growth
26.06% 19.64% 14.51% 11.36% -19.47% -18.43% -23.05% -21.14% 2.11% -11.14%
Revenue Q/Q Growth
1.57% 4.46% 4.23% 7.89% -4.25% -4.71% 3.35% 6.87% -3.25% -4.66%
EBITDA Q/Q Growth
1,393.74% 1.13% -1.15% 23.46% -686.66% 111.57% 2.07% 27.58% -33.52% -424.24%
EBIT Q/Q Growth
261.59% -1.33% -0.33% 25.40% -1,020.00% 105.34% 11.46% 47.29% -51.47% -960.14%
NOPAT Q/Q Growth
378.43% -41.05% 37.54% 12.59% -1,099.82% 80.07% 118.91% 111.36% -45.29% -906.85%
Net Income Q/Q Growth
167.30% -28.63% 8.58% 26.89% -2,217.44% 98.36% 132.41% 607.79% -149.56% -1,987.17%
EPS Q/Q Growth
167.65% -30.43% 6.25% 29.41% -2,295.45% 98.14% 133.33% 500.00% -150.00% -2,055.56%
Operating Cash Flow Q/Q Growth
39.06% -68.00% 24.62% 111.43% 25.27% -76.26% 160.58% -22.13% 115.77% -67.48%
Free Cash Flow Firm Q/Q Growth
13.52% 17.04% 22.69% 23.72% 141.15% 310.51% 47.93% -6.02% -104.30% 468.31%
Invested Capital Q/Q Growth
4.76% 1.95% 4.86% -0.57% -24.25% 3.28% 0.60% 1.90% -1.91% -10.12%
Profitability Metrics
- - - - - - - - - -
Gross Margin
100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
EBITDA Margin
23.03% 22.29% 21.14% 24.19% -148.23% 17.99% 17.60% 21.01% 14.44% -49.10%
Operating Margin
18.54% 12.19% 13.72% 16.08% -156.08% 8.23% 10.23% 13.16% 6.68% -56.51%
EBIT Margin
15.52% 14.66% 14.02% 16.30% -156.59% 8.78% 9.47% 13.05% 6.55% -59.07%
Profit (Net Income) Margin
7.43% 5.08% 5.29% 6.22% -137.57% -2.37% 0.74% 4.93% -2.53% -55.30%
Tax Burden Percent
72.62% 62.31% 73.06% 65.06% 84.04% -277.76% 40.87% 62.79% 290.80% 84.10%
Interest Burden Percent
65.93% 55.58% 51.64% 58.67% 104.54% 9.74% 19.24% 60.17% -13.27% 111.32%
Effective Tax Rate
27.38% 37.69% 26.94% 34.94% 0.00% 377.76% 59.13% 37.21% 0.00% 0.00%
Return on Invested Capital (ROIC)
6.98% 4.07% 5.25% 5.69% -68.37% -14.03% 2.52% 4.97% 3.30% -29.06%
ROIC Less NNEP Spread (ROIC-NNEP)
5.44% 3.44% 4.13% 4.63% -75.12% -9.44% 1.75% 4.16% 1.51% -32.72%
Return on Net Nonoperating Assets (RNNOA)
6.76% 4.47% 5.80% 6.74% -149.66% -18.24% 3.39% 7.76% 3.89% -104.91%
Return on Equity (ROE)
13.74% 8.54% 11.05% 12.43% -218.03% -32.27% 5.91% 12.73% 7.19% -133.98%
Cash Return on Invested Capital (CROIC)
-20.48% -14.56% -10.41% -5.14% 8.83% 7.49% 13.18% 10.52% -1.35% 8.71%
Operating Return on Assets (OROA)
5.26% 4.82% 4.74% 5.69% -59.71% 3.26% 3.48% 4.78% 2.62% -24.74%
Return on Assets (ROA)
2.52% 1.67% 1.79% 2.17% -52.46% -0.88% 0.27% 1.80% -1.01% -23.16%
Return on Common Equity (ROCE)
13.74% 8.54% 11.05% 12.43% -217.92% -32.25% 5.91% 12.73% 7.19% -133.92%
Return on Equity Simple (ROE_SIMPLE)
-1.47% 0.00% 2.27% 7.63% -80.02% 0.00% -85.02% -82.53% 0.66% 0.00%
Net Operating Profit after Tax (NOPAT)
70 41 56 63 -635 -127 24 51 28 -223
NOPAT Margin
13.46% 7.60% 10.03% 10.46% -109.25% -22.85% 4.18% 8.27% 4.67% -39.55%
Net Nonoperating Expense Percent (NNEP)
1.55% 0.63% 1.12% 1.06% 6.75% -4.58% 0.78% 0.81% 1.79% 3.66%
Return On Investment Capital (ROIC_SIMPLE)
- 0.93% - - - -3.29% - - - -6.76%
Cost of Revenue to Revenue
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
SG&A Expenses to Revenue
73.24% 82.18% 78.95% 74.59% 82.10% 82.66% 78.31% 77.30% 81.77% 89.67%
R&D to Revenue
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue
81.46% 87.81% 86.28% 83.92% 256.08% 91.77% 89.77% 86.84% 93.32% 156.51%
Earnings before Interest and Taxes (EBIT)
80 79 79 99 -910 49 54 80 39 -333
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
119 120 119 147 -861 100 101 129 85 -277
Valuation Ratios
- - - - - - - - - -
Price to Book Value (P/BV)
3.19 2.77 2.99 2.60 2.40 2.58 2.86 2.22 2.44 4.38
Price to Tangible Book Value (P/TBV)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Price to Revenue (P/Rev)
2.65 2.25 2.39 2.04 0.92 1.01 1.12 0.90 1.01 1.14
Price to Earnings (P/E)
0.00 105.86 131.84 34.02 0.00 0.00 0.00 0.00 371.29 0.00
Dividend Yield
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield
0.00% 0.94% 0.76% 2.94% 0.00% 0.00% 0.00% 0.00% 0.27% 0.00%
Enterprise Value to Invested Capital (EV/IC)
1.85 1.71 1.78 1.66 1.47 1.51 1.59 1.41 1.47 1.73
Enterprise Value to Revenue (EV/Rev)
3.97 3.48 3.64 3.21 2.10 2.22 2.29 2.06 2.11 2.22
Enterprise Value to EBITDA (EV/EBITDA)
31.29 20.95 22.16 14.13 0.00 0.00 0.00 0.00 11.89 137.64
Enterprise Value to EBIT (EV/EBIT)
84.16 38.82 41.02 21.16 0.00 0.00 0.00 0.00 22.15 0.00
Enterprise Value to NOPAT (EV/NOPAT)
79.95 56.17 61.01 31.12 0.00 0.00 0.00 0.00 200.92 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)
29.56 35.92 34.38 30.18 19.90 21.71 20.52 20.99 21.17 21.48
Enterprise Value to Free Cash Flow (EV/FCFF)
0.00 0.00 0.00 0.00 14.88 18.17 10.50 11.79 0.00 18.69
Leverage & Solvency
- - - - - - - - - -
Debt to Equity
1.71 1.66 1.68 1.61 3.30 3.25 3.24 3.06 2.87 4.44
Long-Term Debt to Equity
1.70 1.64 1.66 1.59 3.27 3.21 3.20 3.03 2.84 4.38
Financial Leverage
1.24 1.30 1.40 1.46 1.99 1.93 1.94 1.87 2.58 3.21
Leverage Ratio
3.43 3.75 3.73 3.83 4.91 4.85 4.83 4.71 6.32 7.38
Compound Leverage Factor
2.26 2.08 1.92 2.25 5.13 0.47 0.93 2.83 -0.84 8.21
Debt to Total Capital
63.14% 62.35% 62.65% 61.67% 76.76% 76.45% 76.41% 75.40% 74.18% 81.60%
Short-Term Debt to Total Capital
0.56% 0.75% 0.73% 0.70% 0.84% 0.85% 0.86% 0.87% 0.88% 1.01%
Long-Term Debt to Total Capital
62.58% 61.60% 61.92% 60.96% 75.91% 75.60% 75.56% 74.53% 73.29% 80.60%
Preferred Equity to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital
0.01% 0.01% 0.01% 0.01% 0.02% 0.02% 0.02% 0.00% 0.00% 0.00%
Common Equity to Total Capital
36.85% 37.64% 37.34% 38.32% 23.23% 23.53% 23.57% 24.60% 25.82% 18.40%
Debt to EBITDA
11.20 8.10 8.17 5.57 -6.12 -5.94 -5.69 -5.41 6.71 71.50
Net Debt to EBITDA
10.40 7.43 7.62 5.15 -5.67 -5.58 -5.27 -5.04 6.20 66.98
Long-Term Debt to EBITDA
11.10 8.00 8.07 5.50 -6.05 -5.87 -5.63 -5.34 6.63 70.62
Debt to NOPAT
28.62 21.72 22.48 12.27 -6.24 -6.12 -5.95 -5.71 113.28 -27.44
Net Debt to NOPAT
26.58 19.91 20.97 11.34 -5.78 -5.76 -5.51 -5.33 104.74 -25.70
Long-Term Debt to NOPAT
28.37 21.45 22.22 12.13 -6.17 -6.06 -5.88 -5.65 111.94 -27.10
Altman Z-Score
1.03 0.95 1.00 0.95 0.04 0.61 0.64 0.62 0.63 0.36
Noncontrolling Interest Sharing Ratio
0.06% 0.05% 0.04% 0.04% 0.05% 0.05% 0.05% 0.02% 0.03% 0.04%
Liquidity Ratios
- - - - - - - - - -
Current Ratio
1.11 1.13 1.14 1.18 1.80 1.92 1.86 2.11 1.90 1.52
Quick Ratio
0.74 0.81 0.77 0.79 0.79 0.77 0.76 0.96 0.96 0.81
Cash Flow Metrics
- - - - - - - - - -
Free Cash Flow to Firm (FCFF)
-769 -638 -493 -376 155 635 1,023 962 -41 152
Operating Cash Flow to CapEx
316.12% 0.00% 24.14% 326.18% 74.20% 27.45% 186.89% 0.00% 0.00% 0.00%
Free Cash Flow to Firm to Interest Expense
-28.13 -18.14 -12.92 -9.20 3.75 14.47 23.37 30.24 -0.94 4.04
Operating Cash Flow to Interest Expense
3.38 0.84 0.96 1.90 2.36 0.53 1.38 1.48 2.31 0.87
Operating Cash Flow Less CapEx to Interest Expense
2.31 2.05 -3.03 1.32 -0.82 -1.39 0.64 1.51 4.26 1.08
Efficiency Ratios
- - - - - - - - - -
Asset Turnover
0.34 0.33 0.34 0.35 0.38 0.37 0.37 0.37 0.40 0.42
Accounts Receivable Turnover
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Inventory Turnover
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Fixed Asset Turnover
1.34 1.40 1.37 1.41 1.48 1.54 1.48 1.50 1.65 1.90
Accounts Payable Turnover
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Sales Outstanding (DSO)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Inventory Outstanding (DIO)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Payable Outstanding (DPO)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Cash Conversion Cycle (CCC)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Capital & Investment Metrics
- - - - - - - - - -
Invested Capital
4,054 4,133 4,334 4,310 3,265 3,372 3,335 3,398 3,334 2,996
Invested Capital Turnover
0.52 0.54 0.52 0.54 0.63 0.61 0.60 0.60 0.71 0.73
Increase / (Decrease) in Invested Capital
838 679 549 439 -790 -762 -999 -911 69 -376
Enterprise Value (EV)
7,487 7,083 7,734 7,134 4,807 5,105 5,309 4,782 4,905 5,185
Market Capitalization
4,998 4,572 5,075 4,534 2,109 2,338 2,589 2,089 2,348 2,662
Book Value per Share
$9.34 $9.87 $10.14 $10.43 $5.25 $5.53 $5.53 $5.75 $5.87 $3.70
Tangible Book Value per Share
($7.38) ($8.30) ($8.07) ($7.81) ($7.73) ($7.86) ($7.68) ($7.38) ($6.96) ($8.91)
Total Capital
4,245 4,392 4,549 4,559 3,790 3,850 3,845 3,832 3,728 3,301
Total Debt
2,680 2,738 2,850 2,812 2,909 2,943 2,938 2,889 2,765 2,694
Total Long-Term Debt
2,657 2,705 2,816 2,780 2,877 2,911 2,905 2,856 2,733 2,660
Net Debt
2,489 2,510 2,658 2,599 2,697 2,766 2,719 2,693 2,557 2,523
Capital Expenditures (CapEx)
29 -42 152 24 131 84 32 -0.99 -85 -7.82
Debt-free, Cash-free Net Working Capital (DFCFNWC)
-114 -129 -83 -86 202 249 191 235 178 86
Debt-free Net Working Capital (DFNWC)
77 99 108 127 414 427 410 432 386 257
Net Working Capital (NWC)
53 66 75 95 382 394 377 398 354 224
Net Nonoperating Expense (NNE)
31 14 27 26 165 -113 20 20 43 89
Net Nonoperating Obligations (NNO)
2,489 2,480 2,635 2,562 2,384 2,465 2,428 2,456 2,371 2,389
Total Depreciation and Amortization (D&A)
39 41 40 48 49 51 47 49 47 56
Debt-free, Cash-free Net Working Capital to Revenue
-6.06% -6.34% -3.92% -3.85% 8.84% 10.83% 8.25% 10.16% 7.63% 3.69%
Debt-free Net Working Capital to Revenue
4.07% 4.87% 5.08% 5.71% 18.09% 18.52% 17.71% 18.62% 16.59% 10.97%
Net Working Capital to Revenue
2.81% 3.25% 3.52% 4.27% 16.70% 17.10% 16.28% 17.18% 15.18% 9.55%
Earnings Adjustments
- - - - - - - - - -
Adjusted Basic Earnings per Share
$0.23 $0.16 $0.18 $0.23 ($4.82) ($0.09) $0.03 $0.18 ($0.09) ($1.91)
Adjusted Weighted Average Basic Shares Outstanding
162.76M 162.76M 162.78M 162.91M 162.40M 161.92M 159.63M 159.80M 159.80M 160.32M
Adjusted Diluted Earnings per Share
$0.23 $0.16 $0.17 $0.22 ($4.83) ($0.09) $0.03 $0.18 ($0.09) ($1.94)
Adjusted Weighted Average Diluted Shares Outstanding
166.83M 166.74M 166.87M 166.89M 162.40M 161.92M 160.60M 160.77M 159.80M 160.32M
Adjusted Basic & Diluted Earnings per Share
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding
167.40M 167.44M 167.56M 167.53M 163.96M 163.97M 164.08M 164.08M 164.11M 163.84M
Normalized Net Operating Profit after Tax (NOPAT)
74 43 59 71 41 43 57 59 45 10
Normalized NOPAT Margin
14.30% 7.91% 10.42% 11.66% 7.03% 7.71% 9.90% 9.67% 7.63% 1.80%
Pre Tax Income Margin
10.23% 8.15% 7.24% 9.56% -163.70% 0.86% 1.82% 7.85% -0.87% -65.76%
Debt Service Ratios
- - - - - - - - - -
EBIT to Interest Expense
2.93 2.25 2.07 2.42 -22.03 1.11 1.24 2.51 0.88 -8.83
NOPAT to Interest Expense
2.55 1.17 1.48 1.55 -15.37 -2.88 0.55 1.59 0.63 -5.92
EBIT Less CapEx to Interest Expense
1.87 3.46 -1.93 1.84 -25.21 -0.81 0.50 2.54 2.83 -8.63
NOPAT Less CapEx to Interest Expense
1.48 2.37 -2.52 0.97 -18.55 -4.80 -0.19 1.62 2.58 -5.71
Payout Ratios
- - - - - - - - - -
Dividend Payout Ratio
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio
0.00% 0.00% 0.00% 0.54% -7.09% -6.71% 0.00% -6.33% 0.00% 0.00%

Frequently Asked Questions About Driven Brands' Financials

When does Driven Brands's fiscal year end?

According to the most recent income statement we have on file, Driven Brands' financial year ends in December. Their financial year 2024 ended on December 28, 2024.

How has Driven Brands' net income changed over the last 5 years?

Driven Brands' net income appears to be on an upward trend, with a most recent value of -$292.50 million in 2024, falling from $7.75 million in 2019. The previous period was -$744.96 million in 2023.

What is Driven Brands's operating income?
Driven Brands's total operating income in 2024 was -$140.23 million, based on the following breakdown:
  • Total Gross Profit: $2.34 billion
  • Total Operating Expenses: $2.48 billion
How has Driven Brands revenue changed over the last 5 years?

Over the last 5 years, Driven Brands' total revenue changed from $600.27 million in 2019 to $2.34 billion in 2024, a change of 289.8%.

How much debt does Driven Brands have?

Driven Brands' total liabilities were at $4.65 billion at the end of 2024, a 7.0% decrease from 2023, and a 31.2% increase since 2020.

How much cash does Driven Brands have?

In the past 4 years, Driven Brands' cash and equivalents has ranged from $169.95 million in 2024 to $523.41 million in 2021, and is currently $169.95 million as of their latest financial filing in 2024.

How has Driven Brands' book value per share changed over the last 5 years?

Over the last 5 years, Driven Brands' book value per share changed from 0.00 in 2019 to 3.70 in 2024, a change of 370.1%.

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This page (NASDAQ:DRVN) was last updated on 4/15/2025 by MarketBeat.com Staff
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