FARO Technologies (FARO) Financials

$25.29 +0.10 (+0.40%)

Closing price 04:00 PM Eastern

Extended Trading

$25.30 +0.02 (+0.06%)

As of 04:47 PM Eastern

Annual Income Statements for FARO Technologies

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

Metric	2022	2023	2024
Net Income / (Loss) Attributable to Common Shareholders	-27	-57	-9.07
Consolidated Net Income / (Loss)	-27	-57	-9.07
Net Income / (Loss) Continuing Operations	-27	-57	-9.07
Total Pre-Tax Income	-22	-54	-0.93
Total Operating Income	-25	-50	3.33
Total Gross Profit	176	165	187
Total Revenue	346	359	342
Operating Revenue	346	359	342
Total Cost of Revenue	170	194	155
Operating Cost of Revenue	170	194	155
Total Operating Expenses	201	215	184
Selling, General & Admin Expense	147	157	141
Research & Development Expense	49	42	40
Restructuring Charge	4.61	15	3.18
Total Other Income / (Expense), net	3.27	-4.53	-4.26
Interest & Investment Income	0.04	-3.35	-3.55
Other Income / (Expense), net	3.24	-1.18	-0.71
Income Tax Expense	5.11	2.52	8.13
Basic Earnings per Share	($1.46)	($2.99)	($0.47)
Weighted Average Basic Shares Outstanding	18.32M	18.92M	19.15M
Diluted Earnings per Share	($1.46)	($2.99)	($0.47)
Weighted Average Diluted Shares Outstanding	18.32M	18.92M	19.15M
Weighted Average Basic & Diluted Shares Outstanding	18.78M	18.97M	18.98M

This table shows FARO Technologies' 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	-6.26	-2.23	-21	-28	-8.76	1.59	-7.27	-0.52	-0.29	-0.99
Consolidated Net Income / (Loss)	-6.26	-2.23	-21	-28	-8.76	1.59	-7.27	-0.52	-0.29	-0.99
Net Income / (Loss) Continuing Operations	-6.26	-2.23	-21	-28	-8.76	1.59	-7.27	-0.52	-0.29	-0.99
Total Pre-Tax Income	-5.68	-1.48	-19	-27	-7.24	-0.77	-6.17	1.03	0.97	3.23
Total Operating Income	-7.13	-1.65	-19	-25	-6.93	1.36	-5.31	1.75	2.16	4.73
Total Gross Profit	43	51	40	33	42	50	43	45	46	53
Total Revenue	85	104	85	88	87	99	84	82	83	94
Operating Revenue	85	104	85	88	87	99	84	82	83	94
Total Cost of Revenue	42	53	45	55	45	49	41	37	37	40
Operating Cost of Revenue	42	53	45	55	45	49	41	37	37	40
Total Operating Expenses	50	53	58	59	49	49	49	43	44	48
Selling, General & Admin Expense	37	38	41	39	38	39	40	33	34	34
Research & Development Expense	13	13	13	12	8.19	9.24	9.02	9.83	9.77	11
Restructuring Charge	0.58	2.10	4.24	8.45	2.44	0.26	0.00	0.62	0.00	2.57
Total Other Income / (Expense), net	1.45	0.17	-0.62	-1.48	-0.31	-2.12	-0.86	-0.72	-1.20	-1.49
Interest & Investment Income	0.02	0.01	-0.84	-1.00	-0.69	-0.82	-0.83	-0.76	-1.02	-0.94
Other Income / (Expense), net	1.43	0.16	0.22	-0.48	0.38	-1.30	-0.03	0.04	-0.18	-0.56
Income Tax Expense	0.59	0.75	1.93	1.42	1.52	-2.35	1.10	1.56	1.26	4.22
Basic Earnings per Share	($0.34)	($0.12)	($1.12)	($1.49)	($0.46)	$0.08	($0.38)	($0.03)	($0.02)	($0.04)
Weighted Average Basic Shares Outstanding	18.44M	18.32M	18.82M	18.92M	18.95M	18.92M	19.05M	19.29M	19.27M	19.15M
Diluted Earnings per Share	($0.34)	($0.12)	($1.12)	($1.49)	($0.46)	$0.08	($0.38)	($0.03)	($0.02)	($0.04)
Weighted Average Diluted Shares Outstanding	18.44M	18.32M	18.82M	18.92M	18.95M	18.92M	19.05M	19.29M	19.27M	19.15M
Weighted Average Basic & Diluted Shares Outstanding	18.78M	18.78M	18.90M	18.95M	18.95M	18.97M	19.21M	19.50M	18.92M	18.98M

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

Metric	2022	2023	2024
Net Change in Cash & Equivalents	-84	39	12
Net Cash From Operating Activities	-25	1.08	31
Net Cash From Continuing Operating Activities	-25	1.08	31
Net Income / (Loss) Continuing Operations	-27	-57	-9.07
Consolidated Net Income / (Loss)	-27	-57	-9.07
Depreciation Expense	14	15	16
Amortization Expense	0.00	0.45	0.51
Non-Cash Adjustments To Reconcile Net Income	12	37	20
Changes in Operating Assets and Liabilities, net	-24	5.03	3.75
Net Cash From Investing Activities	-50	-33	-3.19
Net Cash From Continuing Investing Activities	-50	-33	-3.19
Purchase of Property, Plant & Equipment	-6.37	-6.82	-5.84
Acquisitions	-44	-7.18	-7.36
Purchase of Investments	0.00	-19	-10.00
Sale and/or Maturity of Investments	0.00	0.00	20
Net Cash From Financing Activities	-1.00	71	-13
Net Cash From Continuing Financing Activities	-1.00	71	-13
Repayment of Debt	0.00	0.00	-2.69
Repurchase of Common Equity	0.00	0.00	-10
Issuance of Debt	1.12	72	0.00
Other Financing Activities, net	-2.11	-1.04	-0.16
Effect of Exchange Rate Changes	-8.43	0.12	-2.67

This table details how cash moves in and out of FARO Technologies' 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	-53	-11	31	-0.34	12	-3.13	2.73	18	-9.00	-0.21
Net Cash From Operating Activities	-15	-6.70	-18	5.14	-4.37	19	6.58	4.21	2.57	17
Net Cash From Continuing Operating Activities	-15	-6.70	-18	5.14	-4.37	19	6.58	4.21	2.57	17
Net Income / (Loss) Continuing Operations	-6.26	-2.24	-21	-28	-8.76	1.59	-7.27	-0.52	-0.29	-0.99
Consolidated Net Income / (Loss)	-6.26	-2.24	-21	-28	-8.76	1.59	-7.27	-0.52	-0.29	-0.99
Depreciation Expense	3.41	3.92	4.41	3.51	3.80	3.65	3.62	4.17	3.92	4.03
Amortization Expense	-	-	0.00	0.18	0.11	0.16	0.11	0.11	0.11	0.17
Non-Cash Adjustments To Reconcile Net Income	4.83	0.43	4.08	17	5.74	10	7.19	2.39	1.83	8.28
Changes in Operating Assets and Liabilities, net	-17	-8.82	-5.67	13	-5.28	3.10	2.92	-1.94	-3.01	5.78
Net Cash From Investing Activities	-34	-6.70	-24	-4.42	18	-23	-2.77	18	-3.30	-15
Net Cash From Continuing Investing Activities	-34	-6.70	-24	-4.42	18	-23	-2.77	18	-3.30	-15
Purchase of Property, Plant & Equipment	-1.50	-1.39	-1.69	-2.62	-0.70	-1.80	-1.32	-0.37	-1.87	-2.28
Acquisitions	-33	-5.30	-1.82	-1.80	-1.46	-2.11	-1.44	-1.95	-1.43	-2.54
Net Cash From Financing Activities	-0.48	0.76	72	-0.35	-0.96	0.31	-0.04	-2.75	-10	-0.02
Net Cash From Continuing Financing Activities	-0.48	0.76	72	-0.35	-0.96	0.31	-0.04	-2.75	-10	-0.02
Other Financing Activities, net	-0.48	-0.36	-0.03	-0.35	-0.96	0.31	-0.04	-0.07	-0.03	-0.02
Effect of Exchange Rate Changes	-3.89	1.92	0.35	-0.70	-0.84	1.31	-1.04	-0.76	1.77	-2.65

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

Metric	2022	2023	2024
Total Assets	473	505	483
Total Current Assets	219	262	248
Cash & Equivalents	38	77	89
Short-Term Investments	0.00	19	10.00
Accounts Receivable	90	92	87
Inventories, net	50	35	32
Prepaid Expenses	41	39	30
Plant, Property, & Equipment, net	20	21	19
Total Noncurrent Assets	234	222	216
Goodwill	107	110	107
Intangible Assets	49	48	44
Noncurrent Deferred & Refundable Income Taxes	24	25	23
Other Noncurrent Operating Assets	54	39	42
Total Liabilities & Shareholders' Equity	473	505	483
Total Liabilities	162	236	233
Total Current Liabilities	106	113	113
Accounts Payable	27	27	27
Accrued Expenses	23	30	28
Customer Deposits	6.73	4.25	4.99
Current Deferred Revenue	36	41	42
Current Deferred & Payable Income Tax Liabilities	6.77	5.70	6.74
Other Current Liabilities	5.71	5.43	4.47
Total Noncurrent Liabilities	56	123	121
Long-Term Debt	0.00	73	70
Capital Lease Obligations	15	11	14
Noncurrent Deferred Revenue	8.71	5.63	1.49
Noncurrent Deferred & Payable Income Tax Liabilities	12	13	15
Other Noncurrent Operating Liabilities	21	20	20
Commitments & Contingencies	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	311	269	250
Total Preferred & Common Equity	311	269	250
Total Common Equity	311	269	250
Common Stock	328	346	358
Retained Earnings	47	-9.79	-19
Treasury Stock	-31	-31	-41
Accumulated Other Comprehensive Income / (Loss)	-33	-37	-49

This table presents FARO Technologies' 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	445	529	502	485	492	481	490
Total Current Assets	209	276	257	246	256	248	245
Cash & Equivalents	49	69	68	80	80	98	89
Short-Term Investments	-	20	20	-	20	0.00	0.00
Accounts Receivable	75	90	88	88	89	85	83
Inventories, net	51	51	42	40	35	34	39
Prepaid Expenses	34	46	39	37	33	30	34
Plant, Property, & Equipment, net	20	20	23	22	20	18	20
Total Noncurrent Assets	216	234	222	217	216	215	225
Goodwill	101	108	109	107	108	108	111
Intangible Assets	48	49	49	47	47	46	46
Noncurrent Deferred & Refundable Income Taxes	18	24	24	24	25	25	25
Other Noncurrent Operating Assets	49	53	40	39	36	36	43
Total Liabilities & Shareholders' Equity	445	529	502	485	492	481	490
Total Liabilities	146	232	231	226	230	224	234
Total Current Liabilities	95	105	108	105	109	106	113
Accounts Payable	18	23	21	23	25	28	30
Accrued Expenses	23	26	30	25	27	25	25
Customer Deposits	5.87	6.39	5.58	5.24	5.03	5.21	4.28
Current Deferred Revenue	36	37	36	34	41	40	41
Current Deferred & Payable Income Tax Liabilities	6.42	7.28	10	12	5.91	3.23	6.88
Other Current Liabilities	5.53	5.48	5.14	5.26	5.11	4.65	4.65
Total Noncurrent Liabilities	51	127	123	121	121	118	121
Long-Term Debt	-	72	72	73	73	70	70
Capital Lease Obligations	14	13	12	11	9.69	9.56	15
Noncurrent Deferred Revenue	10	8.72	5.29	4.02	6.12	6.11	2.51
Noncurrent Deferred & Payable Income Tax Liabilities	5.71	12	12	11	13	12	13
Other Noncurrent Operating Liabilities	21	21	21	21	20	20	20
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	299	296	271	259	262	257	256
Total Preferred & Common Equity	299	296	271	259	262	257	256
Total Common Equity	299	296	271	259	262	257	256
Common Stock	325	332	337	340	351	352	355
Retained Earnings	49	26	-2.62	-11	-17	-18	-18
Treasury Stock	-31	-31	-31	-31	-31	-31	-41
Accumulated Other Comprehensive Income / (Loss)	-44	-31	-32	-39	-41	-47	-41

This table displays calculated financial ratios and metrics derived from FARO Technologies' official financial filings.

Metric	2022	2023	2024
Growth Metrics	-	-	-
Revenue Growth	2.35%	3.78%	-4.57%
EBITDA Growth	-257.55%	-352.84%	154.06%
EBIT Growth	-154.96%	-133.85%	105.16%
NOPAT Growth	-195.44%	-98.76%	106.72%
Net Income Growth	33.05%	-111.46%	83.98%
EPS Growth	33.64%	-104.79%	84.28%
Operating Cash Flow Growth	-84.45%	104.32%	2,749.21%
Free Cash Flow Firm Growth	-182.49%	97.31%	949.67%
Invested Capital Growth	40.80%	-11.10%	-8.08%
Revenue Q/Q Growth	1.07%	-1.38%	-1.53%
EBITDA Q/Q Growth	-161.86%	3.92%	31.44%
EBIT Q/Q Growth	-28.79%	2.95%	274.47%
NOPAT Q/Q Growth	-28.38%	5.72%	8,422.50%
Net Income Q/Q Growth	52.42%	6.33%	-39.65%
EPS Q/Q Growth	52.75%	6.27%	-34.29%
Operating Cash Flow Q/Q Growth	-54.76%	104.43%	-4.31%
Free Cash Flow Firm Q/Q Growth	-110.54%	92.21%	106.80%
Invested Capital Q/Q Growth	8.52%	-2.79%	-6.70%
Profitability Metrics	-	-	-
Gross Margin	50.83%	45.98%	54.65%
EBITDA Margin	-2.23%	-9.72%	5.51%
Operating Margin	-7.21%	-13.80%	0.97%
EBIT Margin	-6.27%	-14.13%	0.76%
Profit (Net Income) Margin	-7.74%	-15.77%	-2.65%
Tax Burden Percent	123.58%	104.65%	970.66%
Interest Burden Percent	99.83%	106.60%	-35.69%
Effective Tax Rate	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	-7.09%	-12.75%	0.95%
ROIC Less NNEP Spread (ROIC-NNEP)	5.74%	109.44%	85.16%
Return on Net Nonoperating Assets (RNNOA)	-1.31%	-6.77%	-4.45%
Return on Equity (ROE)	-8.39%	-19.52%	-3.50%
Cash Return on Invested Capital (CROIC)	-40.97%	-1.00%	9.37%
Operating Return on Assets (OROA)	-4.55%	-10.37%	0.53%
Return on Assets (ROA)	-5.61%	-11.57%	-1.84%
Return on Common Equity (ROCE)	-8.39%	-19.52%	-3.50%
Return on Equity Simple (ROE_SIMPLE)	-8.60%	-21.06%	-3.63%
Net Operating Profit after Tax (NOPAT)	-17	-35	2.33
NOPAT Margin	-5.05%	-9.66%	0.68%
Net Nonoperating Expense Percent (NNEP)	-12.83%	-122.19%	-84.21%
Return On Investment Capital (ROIC_SIMPLE)	-5.36%	-9.85%	0.70%
Cost of Revenue to Revenue	49.17%	54.02%	45.35%
SG&A Expenses to Revenue	42.42%	43.85%	41.06%
R&D to Revenue	14.29%	11.65%	11.70%
Operating Expenses to Revenue	58.04%	59.79%	53.68%
Earnings before Interest and Taxes (EBIT)	-22	-51	2.62
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-7.70	-35	19
Valuation Ratios	-	-	-
Price to Book Value (P/BV)	1.78	1.59	1.92
Price to Tangible Book Value (P/TBV)	3.57	3.84	4.85
Price to Revenue (P/Rev)	1.60	1.19	1.40
Price to Earnings (P/E)	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	1.84	1.62	1.98
Enterprise Value to Revenue (EV/Rev)	1.53	1.15	1.36
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	24.67
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	177.82
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	199.70
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	385.45	15.19
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	20.22
Leverage & Solvency	-	-	-
Debt to Equity	0.05	0.31	0.34
Long-Term Debt to Equity	0.05	0.31	0.34
Financial Leverage	-0.23	-0.06	-0.05
Leverage Ratio	1.50	1.69	1.91
Compound Leverage Factor	1.49	1.80	-0.68
Debt to Total Capital	4.50%	23.74%	25.25%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	4.50%	23.74%	25.25%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%
Common Equity to Total Capital	95.50%	76.26%	74.75%
Debt to EBITDA	-1.90	-2.40	4.47
Net Debt to EBITDA	3.01	0.36	-0.76
Long-Term Debt to EBITDA	-1.90	-2.40	4.47
Debt to NOPAT	-0.84	-2.41	36.19
Net Debt to NOPAT	1.33	0.37	-6.17
Long-Term Debt to NOPAT	-0.84	-2.41	36.19
Altman Z-Score	3.05	1.79	2.24
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-
Current Ratio	2.06	2.31	2.20
Quick Ratio	1.21	1.66	1.65
Cash Flow Metrics	-	-	-
Free Cash Flow to Firm (FCFF)	-101	-2.71	23
Operating Cash Flow to CapEx	-390.14%	15.77%	524.29%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00
Efficiency Ratios	-	-	-
Asset Turnover	0.73	0.73	0.69
Accounts Receivable Turnover	4.10	3.94	3.82
Inventory Turnover	3.30	4.58	4.66
Fixed Asset Turnover	16.50	17.55	17.14
Accounts Payable Turnover	8.20	7.09	5.67
Days Sales Outstanding (DSO)	89.12	92.74	95.43
Days Inventory Outstanding (DIO)	110.76	79.61	78.34
Days Payable Outstanding (DPO)	44.53	51.49	64.34
Cash Conversion Cycle (CCC)	155.34	120.86	109.42
Capital & Investment Metrics	-	-	-
Invested Capital	288	256	235
Invested Capital Turnover	1.40	1.32	1.39
Increase / (Decrease) in Invested Capital	83	-32	-21
Enterprise Value (EV)	529	414	465
Market Capitalization	552	427	480
Book Value per Share	$16.56	$14.17	$13.19
Tangible Book Value per Share	$8.25	$5.87	$5.23
Total Capital	326	352	334
Total Debt	15	84	84
Total Long-Term Debt	15	84	84
Net Debt	-23	-13	-14
Capital Expenditures (CapEx)	6.37	6.82	5.84
Debt-free, Cash-free Net Working Capital (DFCFNWC)	75	52	37
Debt-free Net Working Capital (DFNWC)	113	148	135
Net Working Capital (NWC)	113	148	135
Net Nonoperating Expense (NNE)	9.31	22	11
Net Nonoperating Obligations (NNO)	-23	-13	-14
Total Depreciation and Amortization (D&A)	14	16	16
Debt-free, Cash-free Net Working Capital to Revenue	21.78%	14.51%	10.69%
Debt-free Net Working Capital to Revenue	32.72%	41.34%	39.52%
Net Working Capital to Revenue	32.72%	41.34%	39.52%
Earnings Adjustments	-	-	-
Adjusted Basic Earnings per Share	($1.46)	($2.99)	($0.47)
Adjusted Weighted Average Basic Shares Outstanding	18.32M	18.92M	19.15M
Adjusted Diluted Earnings per Share	($1.46)	($2.99)	($0.47)
Adjusted Weighted Average Diluted Shares Outstanding	18.32M	18.92M	19.15M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	18.78M	18.97M	18.98M
Normalized Net Operating Profit after Tax (NOPAT)	-14	-24	4.56
Normalized NOPAT Margin	-4.11%	-6.66%	1.33%
Pre Tax Income Margin	-6.26%	-15.07%	-0.27%
Debt Service Ratios	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00
Payout Ratios	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.00%	-110.46%

This table displays calculated financial ratios and metrics derived from FARO Technologies' 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	7.78%	3.65%	10.84%	10.38%	1.74%	-4.83%	-0.85%	-6.94%	-4.90%	-5.37%
EBITDA Growth	-2.50%	-66.18%	-235.57%	-501.93%	-14.65%	58.57%	88.54%	127.43%	329.10%	116.93%
EBIT Growth	-3.47%	-144.33%	-156.25%	-252.81%	-14.84%	103.56%	71.00%	106.94%	130.39%	7,767.92%
NOPAT Growth	-36.82%	96.84%	-158.84%	-183.05%	2.82%	182.28%	71.48%	94.99%	86.65%	-251.77%
Net Income Growth	-62.41%	92.96%	-118.48%	-229.43%	-39.85%	171.08%	65.66%	98.14%	96.70%	-162.09%
EPS Growth	-61.90%	93.14%	-111.32%	-217.02%	-35.29%	166.67%	66.07%	97.99%	95.65%	-150.00%
Operating Cash Flow Growth	-356.65%	-419.81%	-160.68%	36.01%	70.64%	378.43%	135.84%	-18.01%	158.72%	-7.40%
Free Cash Flow Firm Growth	53.71%	-27.61%	-55.92%	-1,484.38%	92.76%	138.92%	155.80%	139.24%	469.32%	-41.52%
Invested Capital Growth	14.86%	40.80%	29.34%	26.02%	-0.75%	-11.10%	-16.40%	-11.04%	-4.24%	-8.08%
Revenue Q/Q Growth	6.78%	21.71%	-18.19%	3.82%	-1.58%	13.85%	-14.77%	-2.56%	0.58%	13.29%
EBITDA Q/Q Growth	37.64%	206.11%	-674.72%	-58.29%	88.12%	246.75%	-141.52%	478.96%	-0.79%	38.95%
EBIT Q/Q Growth	22.14%	73.87%	-1,135.46%	-40.39%	74.66%	100.81%	-10,166.04%	133.61%	10.93%	109.65%
NOPAT Q/Q Growth	20.42%	76.88%	-1,029.61%	-36.17%	72.68%	119.58%	-491.59%	76.09%	27.14%	-122.52%
Net Income Q/Q Growth	26.98%	64.32%	-847.36%	-33.46%	69.00%	118.14%	-557.62%	92.79%	44.85%	-241.18%
EPS Q/Q Growth	27.66%	64.71%	-833.33%	-33.04%	69.13%	117.39%	-575.00%	92.11%	33.33%	-100.00%
Operating Cash Flow Q/Q Growth	-494.39%	55.02%	-173.79%	128.00%	-185.13%	526.60%	-64.75%	-35.94%	-39.03%	572.66%
Free Cash Flow Firm Q/Q Growth	-845.02%	-115.16%	5.89%	8.23%	96.10%	1,256.46%	34.93%	-35.46%	-63.33%	83.12%
Invested Capital Q/Q Growth	24.85%	8.52%	1.91%	-8.73%	-1.68%	-2.79%	-4.17%	-2.87%	5.83%	-6.70%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	50.70%	49.14%	46.74%	37.78%	48.00%	50.88%	51.41%	54.56%	55.69%	56.75%
EBITDA Margin	-2.69%	2.34%	-16.46%	-25.09%	-3.03%	3.90%	-1.90%	7.40%	7.30%	8.95%
Operating Margin	-8.35%	-1.59%	-21.91%	-28.74%	-7.98%	1.37%	-6.30%	2.13%	2.62%	5.05%
EBIT Margin	-6.68%	-1.43%	-21.65%	-29.28%	-7.54%	0.05%	-6.33%	2.18%	2.41%	4.46%
Profit (Net Income) Margin	-7.34%	-2.15%	-24.91%	-32.02%	-10.09%	1.61%	-8.63%	-0.64%	-0.35%	-1.05%
Tax Burden Percent	110.33%	150.84%	110.05%	105.28%	121.01%	-207.31%	117.86%	-50.78%	-29.92%	-30.49%
Interest Burden Percent	99.58%	99.46%	104.54%	103.88%	110.56%	-1,445.28%	115.58%	57.56%	48.57%	77.55%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	150.78%	129.92%	130.49%
Return on Invested Capital (ROIC)	-8.06%	-1.56%	-20.88%	-30.36%	-7.69%	1.27%	-5.87%	-1.51%	-1.06%	-2.15%
ROIC Less NNEP Spread (ROIC-NNEP)	-6.47%	-0.07%	-3.35%	-6.88%	18.35%	-2.30%	30.28%	-4.84%	91.43%	-5.51%
Return on Net Nonoperating Assets (RNNOA)	1.58%	0.02%	0.51%	1.08%	-0.99%	0.14%	-1.07%	0.20%	0.14%	0.29%
Return on Equity (ROE)	-6.48%	-1.54%	-20.37%	-29.28%	-8.68%	1.41%	-6.93%	-1.31%	-0.92%	-1.86%
Cash Return on Invested Capital (CROIC)	-19.31%	-40.97%	-35.37%	-38.40%	-13.16%	-1.00%	8.45%	9.15%	4.32%	9.37%
Operating Return on Assets (OROA)	-4.83%	-1.04%	-15.38%	-22.45%	-5.90%	0.04%	-4.44%	1.56%	1.72%	3.09%
Return on Assets (ROA)	-5.31%	-1.56%	-17.70%	-24.55%	-7.89%	1.18%	-6.05%	-0.46%	-0.25%	-0.73%
Return on Common Equity (ROCE)	-6.48%	-1.54%	-20.37%	-29.28%	-8.68%	1.41%	-6.93%	-1.31%	-0.92%	-1.86%
Return on Equity Simple (ROE_SIMPLE)	-18.78%	0.00%	-12.90%	-21.34%	-23.31%	0.00%	-16.29%	-5.83%	-2.54%	0.00%
Net Operating Profit after Tax (NOPAT)	-4.99	-1.15	-13	-18	-4.85	0.95	-3.72	-0.89	-0.65	-1.44
NOPAT Margin	-5.85%	-1.11%	-15.34%	-20.12%	-5.58%	0.96%	-4.41%	-1.08%	-0.78%	-1.54%
Net Nonoperating Expense Percent (NNEP)	-1.59%	-1.49%	-17.52%	-23.48%	-26.04%	3.56%	-36.15%	3.33%	-92.49%	3.36%
Return On Investment Capital (ROIC_SIMPLE)	-	-0.35%	-	-	-	0.27%	-	-	-	-0.43%
Cost of Revenue to Revenue	49.30%	50.86%	53.26%	62.22%	52.00%	49.12%	48.59%	45.44%	44.31%	43.25%
SG&A Expenses to Revenue	43.62%	36.51%	48.70%	43.71%	43.74%	39.89%	47.00%	39.70%	41.23%	36.73%
R&D to Revenue	14.75%	12.19%	14.97%	13.22%	9.43%	9.35%	10.71%	11.98%	11.83%	12.22%
Operating Expenses to Revenue	59.05%	50.73%	68.65%	66.51%	55.98%	49.50%	57.71%	52.43%	53.06%	51.70%
Earnings before Interest and Taxes (EBIT)	-5.70	-1.49	-18	-26	-6.55	0.05	-5.34	1.79	1.99	4.17
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-2.29	2.43	-14	-22	-2.63	3.86	-1.60	6.07	6.02	8.37
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.67	1.78	1.56	1.13	1.11	1.59	1.56	1.20	1.46	1.92
Price to Tangible Book Value (P/TBV)	3.34	3.57	3.31	2.69	2.74	3.84	3.83	3.00	3.80	4.85
Price to Revenue (P/Rev)	1.47	1.60	1.31	0.85	0.79	1.19	1.14	0.87	1.07	1.40
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	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%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	1.76	1.84	1.57	1.13	1.11	1.62	1.59	1.21	1.47	1.98
Enterprise Value to Revenue (EV/Rev)	1.37	1.53	1.30	0.84	0.80	1.15	1.09	0.82	1.06	1.36
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	50.71	25.77	24.67
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	177.82
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	199.70
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	0.00	0.00	0.00	385.45	15.04	11.52	11.55	15.19
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	0.00	17.17	12.47	33.22	20.22
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.05	0.05	0.29	0.31	0.32	0.31	0.32	0.31	0.33	0.34
Long-Term Debt to Equity	0.05	0.05	0.29	0.31	0.32	0.31	0.32	0.31	0.33	0.34
Financial Leverage	-0.24	-0.23	-0.15	-0.16	-0.05	-0.06	-0.04	-0.04	0.00	-0.05
Leverage Ratio	1.44	1.50	1.63	1.66	1.67	1.69	1.83	1.86	1.89	1.91
Compound Leverage Factor	1.44	1.49	1.70	1.72	1.84	-24.39	2.11	1.07	0.92	1.48
Debt to Total Capital	4.57%	4.50%	22.43%	23.85%	24.51%	23.74%	23.96%	23.66%	25.07%	25.25%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	4.57%	4.50%	22.43%	23.85%	24.51%	23.74%	23.96%	23.66%	25.07%	25.25%
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	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	95.43%	95.50%	77.57%	76.15%	75.50%	76.26%	76.04%	76.34%	74.93%	74.75%
Debt to EBITDA	-4.88	-1.90	-4.89	-2.36	-2.32	-2.40	-3.67	13.96	5.96	4.47
Net Debt to EBITDA	11.62	3.01	0.17	0.10	-0.12	0.36	0.74	-3.22	-0.24	-0.76
Long-Term Debt to EBITDA	-4.88	-1.90	-4.89	-2.36	-2.32	-2.40	-3.67	13.96	5.96	4.47
Debt to NOPAT	-1.06	-0.84	-3.37	-2.30	-2.29	-2.41	-3.26	-12.45	-3,053.86	36.19
Net Debt to NOPAT	2.52	1.33	0.11	0.10	-0.11	0.37	0.66	2.88	121.61	-6.17
Long-Term Debt to NOPAT	-1.06	-0.84	-3.37	-2.30	-2.29	-2.41	-3.26	-12.45	-3,053.86	36.19
Altman Z-Score	3.25	3.19	2.20	1.70	1.79	2.12	2.06	1.87	1.95	2.25
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.20	2.06	2.62	2.38	2.33	2.31	2.35	2.33	2.17	2.20
Quick Ratio	1.31	1.21	1.70	1.64	1.60	1.66	1.73	1.72	1.52	1.65
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-39	-85	-80	-73	-2.85	33	44	29	11	19
Operating Cash Flow to CapEx	-995.06%	-480.98%	-1,086.73%	195.77%	-621.16%	1,035.81%	496.98%	1,153.97%	137.25%	756.64%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.72	0.73	0.71	0.77	0.78	0.73	0.70	0.72	0.71	0.69
Accounts Receivable Turnover	5.10	4.10	4.24	4.55	4.45	3.94	4.00	4.07	4.05	3.82
Inventory Turnover	3.04	3.30	3.43	4.55	4.35	4.58	4.39	4.53	4.13	4.66
Fixed Asset Turnover	0.00	16.50	16.88	16.34	17.07	17.55	18.20	16.90	16.66	17.14
Accounts Payable Turnover	9.52	8.20	9.53	11.18	9.67	7.09	7.86	7.00	6.07	5.67
Days Sales Outstanding (DSO)	71.60	89.12	86.07	80.18	82.11	92.74	91.30	89.78	90.05	95.43
Days Inventory Outstanding (DIO)	120.18	110.76	106.56	80.13	83.88	79.61	83.07	80.64	88.42	78.34
Days Payable Outstanding (DPO)	38.34	44.53	38.28	32.64	37.73	51.49	46.42	52.13	60.15	64.34
Cash Conversion Cycle (CCC)	153.44	155.34	154.34	127.68	128.26	120.86	127.95	118.30	118.31	109.42
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	265	288	293	268	263	256	245	238	252	235
Invested Capital Turnover	1.38	1.40	1.36	1.51	1.38	1.32	1.33	1.39	1.35	1.39
Increase / (Decrease) in Invested Capital	34	83	67	55	-2.00	-32	-48	-30	-11	-21
Enterprise Value (EV)	467	529	459	303	293	414	391	289	370	465
Market Capitalization	502	552	462	306	289	427	408	307	373	480
Book Value per Share	$16.38	$16.56	$15.78	$14.35	$13.67	$14.17	$13.75	$13.36	$13.11	$13.19
Tangible Book Value per Share	$8.21	$8.25	$7.43	$6.02	$5.55	$5.87	$5.59	$5.33	$5.04	$5.23
Total Capital	314	326	382	356	343	352	345	336	341	334
Total Debt	14	15	86	85	84	84	83	80	86	84
Total Long-Term Debt	14	15	86	85	84	84	83	80	86	84
Net Debt	-34	-23	-2.92	-3.51	4.18	-13	-17	-18	-3.41	-14
Capital Expenditures (CapEx)	1.50	1.39	1.69	2.62	0.70	1.80	1.32	0.37	1.87	2.28
Debt-free, Cash-free Net Working Capital (DFCFNWC)	65	75	82	61	60	52	48	43	44	37
Debt-free Net Working Capital (DFNWC)	114	113	171	149	140	148	147	141	132	135
Net Working Capital (NWC)	114	113	171	149	140	148	147	141	132	135
Net Nonoperating Expense (NNE)	1.27	1.08	8.13	11	3.91	-0.64	3.55	-0.36	-0.36	-0.45
Net Nonoperating Obligations (NNO)	-34	-23	-2.92	-3.51	4.18	-13	-17	-18	-3.41	-14
Total Depreciation and Amortization (D&A)	3.41	3.92	4.41	3.69	3.92	3.81	3.73	4.28	4.03	4.20
Debt-free, Cash-free Net Working Capital to Revenue	19.12%	21.78%	23.14%	16.73%	16.58%	14.51%	13.46%	12.33%	12.53%	10.69%
Debt-free Net Working Capital to Revenue	33.31%	32.72%	48.16%	41.15%	38.54%	41.34%	41.18%	40.15%	38.10%	39.52%
Net Working Capital to Revenue	33.31%	32.72%	48.16%	41.15%	38.54%	41.34%	41.18%	40.15%	38.10%	39.52%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.34)	($0.12)	($1.12)	($1.49)	($0.46)	$0.08	($0.38)	($0.03)	($0.02)	($0.04)
Adjusted Weighted Average Basic Shares Outstanding	18.44M	18.32M	18.82M	18.92M	18.95M	18.92M	19.05M	19.29M	19.27M	19.15M
Adjusted Diluted Earnings per Share	($0.34)	($0.12)	($1.12)	($1.49)	($0.46)	$0.08	($0.38)	($0.03)	($0.02)	($0.04)
Adjusted Weighted Average Diluted Shares Outstanding	18.44M	18.32M	18.82M	18.92M	18.95M	18.92M	19.05M	19.29M	19.27M	19.15M
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	18.78M	18.78M	18.90M	18.95M	18.95M	18.97M	19.21M	19.50M	18.92M	18.98M
Normalized Net Operating Profit after Tax (NOPAT)	-4.58	0.32	-10	-12	-3.14	1.13	-3.72	1.66	1.51	5.11
Normalized NOPAT Margin	-5.37%	0.31%	-11.85%	-13.41%	-3.62%	1.15%	-4.41%	2.02%	1.83%	5.46%
Pre Tax Income Margin	-6.65%	-1.43%	-22.63%	-30.41%	-8.34%	-0.78%	-7.32%	1.26%	1.17%	3.46%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
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%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-110.46%

Frequently Asked Questions About FARO Technologies' Financials

When does FARO Technologies's fiscal year end?

According to the most recent income statement we have on file, FARO Technologies' financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has FARO Technologies' net income changed over the last 2 years?

FARO Technologies' net income appears to be on a downward trend, with a most recent value of -$9.07 million in 2024, falling from -$26.76 million in 2022. The previous period was -$56.58 million in 2023.

What is FARO Technologies's operating income?

FARO Technologies's total operating income in 2024 was $3.33 million, based on the following breakdown:

Total Gross Profit: $187.15 million
Total Operating Expenses: $183.82 million

How has FARO Technologies revenue changed over the last 2 years?

Over the last 2 years, FARO Technologies' total revenue changed from $345.77 million in 2022 to $342.43 million in 2024, a change of -1.0%.

How much debt does FARO Technologies have?

FARO Technologies' total liabilities were at $233.40 million at the end of 2024, a 1.1% decrease from 2023, and a 43.8% increase since 2022.

How much cash does FARO Technologies have?

In the past 2 years, FARO Technologies' cash and equivalents has ranged from $37.81 million in 2022 to $88.70 million in 2024, and is currently $88.70 million as of their latest financial filing in 2024.

How has FARO Technologies' book value per share changed over the last 2 years?

Over the last 2 years, FARO Technologies' book value per share changed from 16.56 in 2022 to 13.19 in 2024, a change of -20.3%.

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

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FARO Technologies (FARO) Financials

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FARO Technologies (FARO) Financials

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