Honest (HNST) Financials

$4.46 +0.04 (+0.79%)

As of 03:27 PM Eastern

Annual Income Statements for Honest

This table shows Honest's 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	-49	-39	-6.12
Consolidated Net Income / (Loss)	-49	-39	-6.12
Net Income / (Loss) Continuing Operations	-49	-39	-6.12
Total Pre-Tax Income	-49	-39	-6.05
Total Operating Income	-50	-39	-6.33
Total Gross Profit	92	101	145
Total Revenue	314	344	378
Operating Revenue	314	344	378
Total Cost of Revenue	221	244	234
Operating Cost of Revenue	221	244	234
Total Operating Expenses	142	139	151
Selling, General & Admin Expense	87	95	99
Marketing Expense	48	36	45
Research & Development Expense	7.00	6.21	6.85
Restructuring Charge	0.00	2.21	0.00
Total Other Income / (Expense), net	0.87	-0.25	0.28
Other Income / (Expense), net	0.87	-0.25	0.28
Income Tax Expense	0.11	0.08	0.08
Basic Earnings per Share	($0.53)	($0.42)	($0.06)
Weighted Average Basic Shares Outstanding	92.20M	94.52M	100.25M
Diluted Earnings per Share	($0.53)	($0.42)	($0.06)
Weighted Average Diluted Shares Outstanding	92.20M	94.52M	100.25M
Weighted Average Basic & Diluted Shares Outstanding	93.35M	95.89M	108.91M

This table shows Honest's 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	-12	-13	-19	-13	-8.10	1.14	-1.40	-4.08	0.17	-0.81
Consolidated Net Income / (Loss)	-12	-13	-19	-13	-8.10	1.14	-1.40	-4.08	0.17	-0.81
Net Income / (Loss) Continuing Operations	-12	-13	-19	-13	-8.10	1.14	-1.40	-4.08	0.17	-0.81
Total Pre-Tax Income	-12	-13	-19	-13	-8.06	1.14	-1.38	-4.06	0.18	-0.79
Total Operating Income	-12	-13	-19	-13	-7.99	1.13	-1.32	-4.05	0.06	-1.03
Total Gross Profit	26	23	20	23	27	30	32	36	38	39
Total Revenue	85	82	83	85	86	90	86	93	99	100
Operating Revenue	85	82	83	85	86	90	86	93	99	100
Total Cost of Revenue	59	59	63	62	59	60	54	57	61	61
Operating Cost of Revenue	59	59	63	62	59	60	54	57	61	61
Total Operating Expenses	37	35	39	36	35	29	33	40	38	40
Selling, General & Admin Expense	23	24	26	25	24	20	22	26	23	27
Marketing Expense	12	9.66	10	9.26	9.11	7.84	9.10	12	13	11
Research & Development Expense	1.73	1.35	1.46	1.60	1.58	1.58	1.68	1.71	1.74	1.71
Total Other Income / (Expense), net	-0.03	0.21	-0.19	-0.01	-0.07	0.02	-0.06	-0.02	0.13	0.24
Other Income / (Expense), net	-0.03	0.21	-0.19	-0.01	-0.07	0.02	-0.06	-0.02	0.13	0.24
Income Tax Expense	0.02	0.05	0.02	0.02	0.04	-	0.03	0.01	0.02	0.02
Basic Earnings per Share	($0.13)	($0.13)	($0.20)	($0.14)	($0.09)	$0.01	($0.01)	($0.04)	$0.00	($0.01)
Weighted Average Basic Shares Outstanding	92.46M	92.20M	93.11M	94.10M	95.18M	94.52M	96.27M	99.08M	100.69M	100.25M
Diluted Earnings per Share	($0.13)	($0.13)	($0.20)	($0.14)	($0.09)	$0.01	($0.01)	($0.04)	$0.00	($0.01)
Weighted Average Diluted Shares Outstanding	92.46M	92.20M	93.11M	94.10M	95.18M	94.52M	96.27M	99.08M	104.59M	100.25M
Weighted Average Basic & Diluted Shares Outstanding	92.67M	93.35M	93.43M	94.98M	95.47M	95.89M	98.64M	100.08M	100.96M	108.91M

This table details how cash moves in and out of Honest's 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	-41	23	43
Net Cash From Operating Activities	-76	19	1.54
Net Cash From Continuing Operating Activities	-76	19	1.54
Net Income / (Loss) Continuing Operations	-49	-39	-6.12
Consolidated Net Income / (Loss)	-49	-39	-6.12
Depreciation Expense	2.75	2.74	2.84
Amortization Expense	6.18	6.26	6.44
Non-Cash Adjustments To Reconcile Net Income	8.07	8.12	7.57
Changes in Operating Assets and Liabilities, net	-44	41	-9.19
Net Cash From Investing Activities	35	3.84	-0.53
Net Cash From Continuing Investing Activities	35	3.84	-0.53
Purchase of Property, Plant & Equipment	-1.62	-1.84	-0.53
Acquisitions	0.00	-0.01	0.00
Purchase of Investments	-13	0.00	0.00
Sale and/or Maturity of Investments	49	5.68	0.00
Net Cash From Financing Activities	0.04	0.12	42
Net Cash From Continuing Financing Activities	0.04	0.12	42
Issuance of Common Equity	0.26	0.18	0.16
Other Financing Activities, net	-0.22	-0.05	41
Cash Interest Paid	0.01	0.00	0.00
Cash Income Taxes Paid	0.10	0.12	0.09

This table details how cash moves in and out of Honest's 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	-16	-15	-0.30	8.62	5.26	9.72	0.76	3.01	17	22
Net Cash From Operating Activities	-25	-26	-2.76	6.52	5.67	9.92	0.34	2.95	15	-17
Net Cash From Continuing Operating Activities	-25	-26	-2.76	6.52	5.67	9.92	0.34	2.95	15	-17
Net Income / (Loss) Continuing Operations	-12	-13	-19	-13	-8.10	1.14	-1.40	-4.08	0.17	-0.81
Consolidated Net Income / (Loss)	-12	-13	-19	-13	-8.10	1.14	-1.40	-4.08	0.17	-0.81
Depreciation Expense	0.64	0.73	0.67	0.67	0.68	0.72	0.72	0.71	0.71	0.71
Non-Cash Adjustments To Reconcile Net Income	7.23	-3.29	3.77	2.61	1.77	-0.04	2.52	8.91	-3.89	0.03
Changes in Operating Assets and Liabilities, net	-21	-17	12	17	11	1.84	-1.50	-2.59	18	-23
Net Cash From Investing Activities	9.08	11	2.48	2.02	-0.40	-0.26	-0.08	-0.02	-0.09	-0.35
Net Cash From Continuing Investing Activities	9.08	11	2.48	2.02	-0.40	-0.26	-0.08	-0.02	-0.09	-0.35
Purchase of Property, Plant & Equipment	-0.69	-0.18	-0.47	-0.71	-0.40	-0.25	-0.08	-0.02	-0.09	-0.35
Net Cash From Financing Activities	-0.08	0.08	-0.02	0.09	-0.01	0.06	0.50	0.08	1.86	39
Net Cash From Continuing Financing Activities	-0.08	0.08	-0.02	0.09	-0.01	0.06	0.50	0.08	1.86	39
Issuance of Common Equity	-	0.10	-	-	-	0.07	-	-	-	0.08
Other Financing Activities, net	-0.08	-0.02	-0.02	-0.01	-0.01	-0.01	0.50	-0.01	1.86	39

This table presents Honest's 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	241	202	247
Total Current Assets	189	158	214
Cash & Equivalents	9.52	33	75
Note & Lease Receivable	42	43	43
Inventories, net	116	73	85
Prepaid Expenses	16	8.37	9.74
Plant, Property, & Equipment, net	14	13	11
Total Noncurrent Assets	37	30	22
Goodwill	2.23	2.23	2.23
Intangible Assets	0.37	0.31	0.24
Other Noncurrent Operating Assets	35	28	20
Total Liabilities & Shareholders' Equity	241	202	247
Total Liabilities	94	78	73
Total Current Liabilities	64	57	60
Accounts Payable	25	22	23
Accrued Expenses	38	32	36
Current Deferred Revenue	0.82	2.21	1.21
Total Noncurrent Liabilities	31	22	13
Other Noncurrent Operating Liabilities	31	22	13
Commitments & Contingencies	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	146	123	174
Total Preferred & Common Equity	146	123	174
Preferred Stock	0.00	0.00	0.00
Total Common Equity	146	123	174
Common Stock	586	602	659
Retained Earnings	-440	-479	-485

This table presents Honest's 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	248	213	193	196	198	200	209
Total Current Assets	194	164	145	150	156	162	173
Cash & Equivalents	24	9.22	18	23	34	37	53
Note & Lease Receivable	39	45	36	38	41	43	36
Inventories, net	100	98	82	80	75	74	75
Prepaid Expenses	14	8.09	8.69	8.77	7.77	8.61	8.97
Plant, Property, & Equipment, net	0.00	14	14	14	13	12	12
Total Noncurrent Assets	54	36	34	32	29	26	24
Goodwill	2.23	2.23	2.23	2.23	2.23	2.23	2.23
Intangible Assets	0.39	0.35	0.34	0.33	0.29	0.27	0.25
Other Noncurrent Operating Assets	51	33	31	4.25	26	23	22
Total Liabilities & Shareholders' Equity	248	213	193	196	198	200	209
Total Liabilities	93	82	68	76	73	70	75
Total Current Liabilities	61	54	42	52	54	53	60
Accounts Payable	31	25	15	18	25	20	24
Accrued Expenses	30	27	25	31	26	31	34
Current Deferred Revenue	0.78	1.49	1.72	1.86	1.94	1.68	1.65
Total Noncurrent Liabilities	32	28	26	24	20	18	15
Other Noncurrent Operating Liabilities	32	28	26	0.22	20	18	15
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	155	131	124	120	125	130	134
Total Preferred & Common Equity	155	131	124	120	125	130	134
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	155	131	124	120	125	130	134
Common Stock	582	590	597	600	605	614	618
Retained Earnings	-427	-459	-472	-480	-480	-485	-484

This table displays calculated financial ratios and metrics derived from Honest's official financial filings.

Metric	2022	2023	2024
Growth Metrics	-	-	-
Revenue Growth	-1.57%	9.79%	9.87%
EBITDA Growth	-16.02%	24.54%	110.73%
EBIT Growth	-26.70%	19.93%	84.55%
NOPAT Growth	-35.18%	21.84%	83.73%
Net Income Growth	-26.73%	19.95%	84.39%
EPS Growth	-23.26%	20.75%	85.71%
Operating Cash Flow Growth	-99.91%	125.37%	-92.04%
Free Cash Flow Firm Growth	-16.15%	132.04%	-195.21%
Invested Capital Growth	6.27%	-31.16%	9.48%
Revenue Q/Q Growth	0.47%	2.50%	2.60%
EBITDA Q/Q Growth	5.59%	39.79%	356.17%
EBIT Q/Q Growth	-7.78%	25.90%	-47.00%
NOPAT Q/Q Growth	-9.11%	26.30%	-51.64%
Net Income Q/Q Growth	-7.85%	25.93%	-46.79%
EPS Q/Q Growth	-12.77%	25.00%	-50.00%
Operating Cash Flow Q/Q Growth	-45.39%	219.65%	-94.55%
Free Cash Flow Firm Q/Q Growth	-120.74%	131.44%	-134.79%
Invested Capital Q/Q Growth	14.83%	-25.17%	22.93%
Profitability Metrics	-	-	-
Gross Margin	29.43%	29.19%	38.23%
EBITDA Margin	-12.75%	-8.76%	0.86%
Operating Margin	-15.87%	-11.30%	-1.67%
EBIT Margin	-15.59%	-11.37%	-1.60%
Profit (Net Income) Margin	-15.63%	-11.39%	-1.62%
Tax Burden Percent	100.22%	100.19%	101.24%
Interest Burden Percent	100.00%	100.00%	100.00%
Effective Tax Rate	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	-27.37%	-24.59%	-4.69%
ROIC Less NNEP Spread (ROIC-NNEP)	12.66%	25.42%	-1.56%
Return on Net Nonoperating Assets (RNNOA)	-2.75%	-4.53%	0.57%
Return on Equity (ROE)	-30.12%	-29.12%	-4.12%
Cash Return on Invested Capital (CROIC)	-33.45%	12.32%	-13.73%
Operating Return on Assets (OROA)	-19.06%	-17.71%	-2.69%
Return on Assets (ROA)	-19.10%	-17.75%	-2.73%
Return on Common Equity (ROCE)	-30.12%	-29.12%	-4.12%
Return on Equity Simple (ROE_SIMPLE)	-33.49%	-31.86%	-3.51%
Net Operating Profit after Tax (NOPAT)	-35	-27	-4.43
NOPAT Margin	-11.11%	-7.91%	-1.17%
Net Nonoperating Expense Percent (NNEP)	-40.03%	-50.01%	-3.13%
Return On Investment Capital (ROIC_SIMPLE)	-23.81%	-22.12%	-2.54%
Cost of Revenue to Revenue	70.57%	70.81%	61.77%
SG&A Expenses to Revenue	27.84%	27.47%	26.18%
R&D to Revenue	2.23%	1.80%	1.81%
Operating Expenses to Revenue	45.30%	40.49%	39.91%
Earnings before Interest and Taxes (EBIT)	-49	-39	-6.05
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-40	-30	3.24
Valuation Ratios	-	-	-
Price to Book Value (P/BV)	1.91	2.56	4.01
Price to Tangible Book Value (P/TBV)	1.94	2.61	4.07
Price to Revenue (P/Rev)	0.89	0.91	1.85
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)	2.01	3.13	6.31
Enterprise Value to Revenue (EV/Rev)	0.84	0.82	1.65
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	192.78
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	14.58	405.08
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	20.68	0.00
Leverage & Solvency	-	-	-
Debt to Equity	0.00	0.00	0.00
Long-Term Debt to Equity	0.00	0.00	0.00
Financial Leverage	-0.22	-0.18	-0.36
Leverage Ratio	1.58	1.64	1.51
Compound Leverage Factor	1.58	1.64	1.51
Debt to Total Capital	0.00%	0.00%	0.00%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	0.00%	0.00%	0.00%
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	100.00%	100.00%	100.00%
Debt to EBITDA	0.00	0.00	0.00
Net Debt to EBITDA	0.00	0.00	0.00
Long-Term Debt to EBITDA	0.00	0.00	0.00
Debt to NOPAT	0.00	0.00	0.00
Net Debt to NOPAT	0.00	0.00	0.00
Long-Term Debt to NOPAT	0.00	0.00	0.00
Altman Z-Score	0.48	0.75	5.19
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-
Current Ratio	2.97	2.78	3.57
Quick Ratio	0.90	1.34	1.99
Cash Flow Metrics	-	-	-
Free Cash Flow to Firm (FCFF)	-43	14	-13
Operating Cash Flow to CapEx	-4,717.07%	1,052.94%	290.75%
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	1.22	1.56	1.69
Accounts Receivable Turnover	0.00	0.00	0.00
Inventory Turnover	2.31	2.58	2.94
Fixed Asset Turnover	9.32	24.76	30.41
Accounts Payable Turnover	8.27	10.37	10.36
Days Sales Outstanding (DSO)	0.00	0.00	0.00
Days Inventory Outstanding (DIO)	157.76	141.57	123.98
Days Payable Outstanding (DPO)	44.11	35.21	35.22
Cash Conversion Cycle (CCC)	113.65	106.36	88.77
Capital & Investment Metrics	-	-	-
Invested Capital	131	90	99
Invested Capital Turnover	2.46	3.11	4.00
Increase / (Decrease) in Invested Capital	7.74	-41	8.56
Enterprise Value (EV)	264	282	624
Market Capitalization	279	315	700
Book Value per Share	$1.58	$1.29	$1.73
Tangible Book Value per Share	$1.55	$1.26	$1.70
Total Capital	146	123	174
Total Debt	0.00	0.00	0.00
Total Long-Term Debt	0.00	0.00	0.00
Net Debt	-15	-33	-75
Capital Expenditures (CapEx)	1.62	1.84	0.53
Debt-free, Cash-free Net Working Capital (DFCFNWC)	110	68	79
Debt-free Net Working Capital (DFNWC)	126	101	154
Net Working Capital (NWC)	126	101	154
Net Nonoperating Expense (NNE)	14	12	1.69
Net Nonoperating Obligations (NNO)	-15	-33	-75
Total Depreciation and Amortization (D&A)	8.93	9.00	9.29
Debt-free, Cash-free Net Working Capital to Revenue	35.20%	19.81%	20.77%
Debt-free Net Working Capital to Revenue	40.03%	29.35%	40.71%
Net Working Capital to Revenue	40.03%	29.35%	40.71%
Earnings Adjustments	-	-	-
Adjusted Basic Earnings per Share	($0.53)	($0.42)	($0.06)
Adjusted Weighted Average Basic Shares Outstanding	92.20M	94.52M	100.25M
Adjusted Diluted Earnings per Share	($0.53)	($0.42)	($0.06)
Adjusted Weighted Average Diluted Shares Outstanding	92.20M	94.52M	100.25M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	93.35M	95.89M	108.91M
Normalized Net Operating Profit after Tax (NOPAT)	-35	-26	-4.43
Normalized NOPAT Margin	-11.11%	-7.46%	-1.17%
Pre Tax Income Margin	-15.59%	-11.37%	-1.60%
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%	0.00%

This table displays calculated financial ratios and metrics derived from Honest's 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	2.33%	1.84%	21.35%	7.71%	1.88%	10.27%	3.39%	10.06%	15.17%	10.61%
EBITDA Growth	-171.70%	-47.63%	-30.92%	-36.44%	33.67%	115.76%	96.36%	73.63%	112.06%	-104.30%
EBIT Growth	-130.11%	-39.15%	-29.04%	-34.07%	31.48%	109.11%	92.69%	69.66%	102.28%	-169.20%
NOPAT Growth	-155.86%	-48.32%	-28.28%	-24.66%	31.92%	112.63%	92.95%	69.78%	100.91%	-163.79%
Net Income Growth	-129.52%	-39.53%	-29.00%	-34.00%	31.30%	109.08%	92.56%	69.61%	102.04%	-170.78%
EPS Growth	-116.67%	-85.71%	-25.00%	-27.27%	30.77%	107.69%	95.00%	71.43%	100.00%	-200.00%
Operating Cash Flow Growth	-573.43%	-1,326.52%	81.22%	160.93%	122.45%	138.75%	112.17%	-54.82%	165.91%	-269.57%
Free Cash Flow Firm Growth	103.40%	1.40%	-295.63%	-204.11%	-371.87%	352.02%	165.42%	153.60%	434.97%	-122.09%
Invested Capital Growth	-9.96%	6.27%	31.49%	10.90%	5.64%	-31.16%	-23.60%	-12.64%	-33.36%	9.48%
Revenue Q/Q Growth	7.75%	-3.22%	1.87%	1.39%	1.92%	4.75%	-4.48%	7.92%	6.65%	0.60%
EBITDA Q/Q Growth	-19.33%	-6.16%	-53.86%	30.01%	41.98%	125.22%	-135.50%	-407.56%	126.53%	-108.99%
EBIT Q/Q Growth	-17.77%	-6.59%	-50.26%	28.92%	39.81%	114.18%	-220.56%	-194.92%	104.53%	-529.89%
NOPAT Q/Q Growth	-9.31%	-8.67%	-46.26%	28.25%	40.30%	120.16%	-181.60%	-207.60%	101.81%	-1,507.83%
Net Income Q/Q Growth	-17.74%	-6.83%	-49.82%	28.89%	39.64%	114.11%	-222.75%	-190.59%	104.05%	-590.30%
EPS Q/Q Growth	-18.18%	0.00%	-53.85%	30.00%	35.71%	111.11%	-200.00%	-300.00%	100.00%	0.00%
Operating Cash Flow Q/Q Growth	-136.14%	-1.34%	89.22%	336.11%	-12.98%	74.90%	-96.61%	776.49%	412.22%	-211.53%
Free Cash Flow Firm Q/Q Growth	-76.77%	-476.47%	-149.82%	52.35%	39.34%	448.99%	-35.15%	-60.96%	279.12%	-123.01%
Invested Capital Q/Q Growth	18.91%	14.83%	-9.03%	-10.72%	13.27%	-25.17%	0.96%	2.09%	-13.60%	22.93%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	30.29%	27.49%	24.23%	27.08%	31.57%	33.49%	36.98%	38.27%	38.69%	38.83%
EBITDA Margin	-13.16%	-14.43%	-21.80%	-15.05%	-8.57%	2.06%	-0.77%	-3.61%	0.90%	-0.08%
Operating Margin	-13.88%	-15.58%	-22.37%	-15.83%	-9.27%	1.25%	-1.53%	-4.35%	0.06%	-1.03%
EBIT Margin	-13.91%	-15.32%	-22.60%	-15.85%	-9.36%	1.27%	-1.60%	-4.37%	0.19%	-0.79%
Profit (Net Income) Margin	-13.94%	-15.38%	-22.63%	-15.87%	-9.40%	1.27%	-1.63%	-4.38%	0.17%	-0.81%
Tax Burden Percent	100.17%	100.40%	100.11%	100.15%	100.43%	100.00%	101.81%	100.32%	89.67%	102.28%
Interest Burden Percent	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	10.33%	0.00%
Return on Invested Capital (ROIC)	-25.15%	-26.87%	-48.95%	-36.58%	-18.57%	3.89%	-3.52%	-10.84%	0.19%	-2.88%
ROIC Less NNEP Spread (ROIC-NNEP)	-17.51%	-16.53%	-36.05%	-27.03%	-6.09%	3.82%	-1.40%	-6.27%	-0.24%	-2.72%
Return on Net Nonoperating Assets (RNNOA)	4.89%	3.60%	10.82%	7.97%	0.89%	-0.68%	0.25%	1.34%	0.05%	0.99%
Return on Equity (ROE)	-20.26%	-23.28%	-38.13%	-28.61%	-17.68%	3.20%	-3.27%	-9.50%	0.24%	-1.89%
Cash Return on Invested Capital (CROIC)	-16.00%	-33.45%	-63.12%	-49.40%	-36.94%	12.32%	12.41%	4.92%	37.14%	-13.73%
Operating Return on Assets (OROA)	-16.62%	-18.73%	-31.55%	-23.44%	-14.16%	1.97%	-2.70%	-7.91%	0.34%	-1.34%
Return on Assets (ROA)	-16.65%	-18.80%	-31.59%	-23.47%	-14.23%	1.97%	-2.75%	-7.94%	0.30%	-1.37%
Return on Common Equity (ROCE)	-20.26%	-23.28%	-38.13%	-28.61%	-17.68%	3.20%	-3.27%	-9.50%	0.24%	-1.89%
Return on Equity Simple (ROE_SIMPLE)	-29.31%	0.00%	-40.57%	-45.55%	-44.14%	0.00%	-17.45%	-9.59%	-3.12%	0.00%
Net Operating Profit after Tax (NOPAT)	-8.22	-8.93	-13	-9.37	-5.59	1.13	-0.92	-2.83	0.05	-0.72
NOPAT Margin	-9.72%	-10.91%	-15.66%	-11.08%	-6.49%	1.25%	-1.07%	-3.04%	0.05%	-0.72%
Net Nonoperating Expense Percent (NNEP)	-7.64%	-10.35%	-12.89%	-9.55%	-12.47%	0.06%	-2.12%	-4.58%	0.43%	-0.17%
Return On Investment Capital (ROIC_SIMPLE)	-	-6.10%	-	-	-	0.92%	-	-	-	-0.41%
Cost of Revenue to Revenue	69.71%	72.51%	75.77%	72.92%	68.43%	66.51%	63.02%	61.73%	61.31%	61.17%
SG&A Expenses to Revenue	27.77%	29.62%	30.96%	29.61%	28.02%	21.70%	26.00%	28.41%	23.61%	26.81%
R&D to Revenue	2.04%	1.65%	1.75%	1.89%	1.84%	1.75%	1.95%	1.84%	1.76%	1.72%
Operating Expenses to Revenue	44.17%	43.08%	46.60%	42.92%	40.85%	32.24%	38.50%	42.62%	38.63%	39.86%
Earnings before Interest and Taxes (EBIT)	-12	-13	-19	-13	-8.06	1.14	-1.38	-4.06	0.18	-0.79
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-11	-12	-18	-13	-7.38	1.86	-0.66	-3.36	0.89	-0.08
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.09	1.91	1.28	1.26	1.00	2.56	3.11	2.22	2.67	4.01
Price to Tangible Book Value (P/TBV)	2.12	1.94	1.31	1.29	1.02	2.61	3.18	2.26	2.72	4.07
Price to Revenue (P/Rev)	1.04	0.89	0.51	0.47	0.36	0.91	1.12	0.81	0.97	1.85
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)	2.47	2.01	1.31	1.31	1.00	3.13	3.89	2.70	3.78	6.31
Enterprise Value to Revenue (EV/Rev)	0.91	0.84	0.48	0.42	0.36	0.82	1.02	0.71	0.82	1.65
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	192.78
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	0.00	0.00	0.00	14.58	15.80	13.32	10.74	405.08
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	20.68	27.15	51.21	8.14	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	0.00	0.00	0.00	0.20	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to Equity	0.00	0.00	0.00	0.00	0.20	0.00	0.00	0.00	0.00	0.00
Financial Leverage	-0.28	-0.22	-0.30	-0.29	-0.15	-0.18	-0.18	-0.21	-0.21	-0.36
Leverage Ratio	1.56	1.58	1.57	1.57	1.61	1.64	1.61	1.55	1.59	1.51
Compound Leverage Factor	1.56	1.58	1.57	1.57	1.61	1.64	1.61	1.55	1.59	1.51
Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	16.54%	0.00%	0.00%	0.00%	0.00%	0.00%
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	0.00%	0.00%	0.00%	0.00%	16.54%	0.00%	0.00%	0.00%	0.00%	0.00%
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	100.00%	100.00%	100.00%	100.00%	83.46%	100.00%	100.00%	100.00%	100.00%	100.00%
Debt to EBITDA	0.00	0.00	0.00	0.00	-0.47	0.00	0.00	0.00	0.00	0.00
Net Debt to EBITDA	0.00	0.00	0.00	0.00	-0.01	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to EBITDA	0.00	0.00	0.00	0.00	-0.47	0.00	0.00	0.00	0.00	0.00
Debt to NOPAT	0.00	0.00	0.00	0.00	-0.64	0.00	0.00	0.00	0.00	0.00
Net Debt to NOPAT	0.00	0.00	0.00	0.00	-0.02	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to NOPAT	0.00	0.00	0.00	0.00	-0.64	0.00	0.00	0.00	0.00	0.00
Altman Z-Score	1.42	0.97	0.08	0.10	-0.30	1.41	2.13	1.43	2.02	5.26
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	3.16	2.97	3.05	3.45	2.90	2.78	2.91	3.06	2.89	3.57
Quick Ratio	1.30	0.90	1.06	1.28	1.19	1.34	1.38	1.51	1.49	1.99
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	4.43	-17	-42	-20	-12	42	27	11	40	-9.28
Operating Cash Flow to CapEx	-3,661.88%	-13,916.30%	-583.72%	914.31%	1,411.19%	3,968.80%	442.11%	19,633.33%	16,220.43%	-4,862.72%
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	1.19	1.22	1.40	1.48	1.51	1.56	1.69	1.81	1.82	1.69
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	2.45	2.31	2.60	2.85	2.70	2.58	2.72	2.96	3.02	2.94
Fixed Asset Turnover	0.00	9.32	22.57	0.00	0.00	24.76	25.77	26.89	28.74	30.41
Accounts Payable Turnover	7.05	8.27	9.61	9.54	9.89	10.37	9.31	13.33	10.86	10.36
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)	148.94	157.76	140.40	127.94	134.94	141.57	134.34	123.19	120.98	123.98
Days Payable Outstanding (DPO)	51.74	44.11	37.98	38.24	36.92	35.21	39.21	27.39	33.61	35.22
Cash Conversion Cycle (CCC)	97.20	113.65	102.42	89.70	98.02	106.36	95.13	95.80	87.37	88.77
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	114	131	119	107	121	90	91	93	80	99
Invested Capital Turnover	2.59	2.46	3.13	3.30	2.86	3.11	3.30	3.56	3.67	4.00
Increase / (Decrease) in Invested Capital	-13	7.74	29	10	6.44	-41	-28	-13	-40	8.56
Enterprise Value (EV)	283	264	156	139	120	282	355	251	304	624
Market Capitalization	323	279	168	157	120	315	388	288	357	700
Book Value per Share	$1.68	$1.58	$1.41	$1.33	$1.26	$1.29	$1.30	$1.31	$1.34	$1.73
Tangible Book Value per Share	$1.65	$1.55	$1.38	$1.30	$1.24	$1.26	$1.27	$1.29	$1.31	$1.70
Total Capital	155	146	131	124	144	123	125	130	134	174
Total Debt	0.00	0.00	0.00	0.00	24	0.00	0.00	0.00	0.00	0.00
Total Long-Term Debt	0.00	0.00	0.00	0.00	24	0.00	0.00	0.00	0.00	0.00
Net Debt	-41	-15	-12	-18	0.69	-33	-34	-37	-53	-75
Capital Expenditures (CapEx)	0.69	0.18	0.47	0.71	0.40	0.25	0.08	0.02	0.09	0.35
Debt-free, Cash-free Net Working Capital (DFCFNWC)	92	110	98	85	75	68	69	73	60	79
Debt-free Net Working Capital (DFNWC)	133	126	110	103	98	101	103	109	113	154
Net Working Capital (NWC)	133	126	110	103	98	101	103	109	113	154
Net Nonoperating Expense (NNE)	3.57	3.66	5.81	4.05	2.50	-0.02	0.48	1.25	-0.11	0.09
Net Nonoperating Obligations (NNO)	-41	-15	-12	-18	0.69	-33	-34	-37	-53	-75
Total Depreciation and Amortization (D&A)	0.64	0.73	0.67	0.67	0.68	0.72	0.72	0.71	0.71	0.71
Debt-free, Cash-free Net Working Capital to Revenue	29.51%	35.20%	29.88%	25.37%	22.31%	19.81%	19.91%	20.44%	16.24%	20.77%
Debt-free Net Working Capital to Revenue	42.59%	40.03%	33.52%	30.70%	29.19%	29.35%	29.58%	30.72%	30.73%	40.71%
Net Working Capital to Revenue	42.59%	40.03%	33.52%	30.70%	29.19%	29.35%	29.58%	30.72%	30.73%	40.71%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.13)	($0.13)	($0.20)	($0.14)	($0.09)	$0.01	($0.01)	($0.04)	$0.00	($0.01)
Adjusted Weighted Average Basic Shares Outstanding	92.46M	92.20M	93.11M	94.10M	95.18M	94.52M	96.27M	99.08M	100.69M	100.25M
Adjusted Diluted Earnings per Share	($0.13)	($0.13)	($0.20)	($0.14)	($0.09)	$0.01	($0.01)	($0.04)	$0.00	($0.01)
Adjusted Weighted Average Diluted Shares Outstanding	92.46M	92.20M	93.11M	94.10M	95.18M	94.52M	96.27M	99.08M	104.59M	100.25M
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	92.67M	93.35M	93.43M	94.98M	95.47M	95.89M	98.64M	100.08M	100.96M	108.91M
Normalized Net Operating Profit after Tax (NOPAT)	-8.22	-8.93	-12	-9.09	-5.34	0.86	-0.92	-2.83	0.05	-0.72
Normalized NOPAT Margin	-9.72%	-10.91%	-14.53%	-10.76%	-6.20%	0.95%	-1.07%	-3.04%	0.05%	-0.72%
Pre Tax Income Margin	-13.91%	-15.32%	-22.60%	-15.85%	-9.36%	1.27%	-1.60%	-4.37%	0.19%	-0.79%
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%	0.00%

Frequently Asked Questions About Honest's Financials

When does Honest's financial year end?

According to the most recent income statement we have on file, Honest's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Honest's net income changed over the last 2 years?

Honest's net income appears to be on a downward trend, with a most recent value of -$6.12 million in 2024, falling from -$49.02 million in 2022. The previous period was -$39.24 million in 2023.

What is Honest's operating income?

Honest's total operating income in 2024 was -$6.33 million, based on the following breakdown:

Total Gross Profit: $144.66 million
Total Operating Expenses: $150.99 million

How has Honest revenue changed over the last 2 years?

Over the last 2 years, Honest's total revenue changed from $313.65 million in 2022 to $378.34 million in 2024, a change of 20.6%.

How much debt does Honest have?

Honest's total liabilities were at $73.09 million at the end of 2024, a 6.9% decrease from 2023, and a 22.4% decrease since 2022.

How much cash does Honest have?

In the past 2 years, Honest's cash and equivalents has ranged from $9.52 million in 2022 to $75.44 million in 2024, and is currently $75.44 million as of their latest financial filing in 2024.

How has Honest's book value per share changed over the last 2 years?

Over the last 2 years, Honest's book value per share changed from 1.58 in 2022 to 1.73 in 2024, a change of 9.3%.

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

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Honest (HNST) Financials

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Honest (HNST) Financials

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