Newtek Business Services Corp. 5.50% Notes Due 2026 (NEWTZ) Financials

$24.61 -0.14 (-0.55%)

As of 04/17/2025 03:59 PM Eastern

Annual Income Statements for Newtek Business Services Corp. 5.50% Notes Due 2026

This table shows Newtek Business Services Corp. 5.50% Notes Due 2026's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2021	2022	2023	2024
Net Income / (Loss) Attributable to Common Shareholders	84	32	46	49
Consolidated Net Income / (Loss)	84	32	47	51
Net Income / (Loss) Continuing Operations	84	32	47	51
Total Pre-Tax Income	85	39	45	69
Total Operating Income	104	40	87	111
Total Gross Profit	147	86	167	195
Total Revenue	165	106	245	299
Operating Revenue	165	106	245	299
Total Cost of Revenue	18	20	77	104
Operating Cost of Revenue	18	20	66	78
Other Cost of Revenue	0.00	0.00	12	26
Total Operating Expenses	43	46	80	85
Selling, General & Admin Expense	13	15	35	37
Depreciation Expense	0.30	0.24	2.88	1.78
Other Operating Expenses / (Income)	30	31	42	46
Total Other Income / (Expense), net	-19	-1.54	-42	-42
Interest Expense	22	26	52	52
Interest & Investment Income	9.90	25	11	11
Income Tax Expense	1.33	6.46	-1.96	18
Preferred Stock Dividends Declared	0.00	0.00	1.45	1.60
Basic Earnings per Share	$3.69	$1.34	$1.89	$1.97
Weighted Average Basic Shares Outstanding	-	-	24.71M	26.29M
Diluted Earnings per Share	$3.69	$1.34	$1.88	$1.96
Weighted Average Diluted Shares Outstanding	-	-	24.71M	26.29M
Weighted Average Basic & Diluted Shares Outstanding	-	-	24.71M	26.29M
Cash Dividends to Common per Share	-	-	-	$0.38

This table shows Newtek Business Services Corp. 5.50% Notes Due 2026'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	11	-2.22	18	6.61	11	10	9.25	11	12	18
Consolidated Net Income / (Loss)	11	-2.22	19	7.01	11	11	9.65	11	12	18
Net Income / (Loss) Continuing Operations	11	-2.22	19	7.01	11	11	9.65	11	12	18
Total Pre-Tax Income	11	4.07	6.60	9.61	14	15	13	15	17	24
Total Operating Income	13	-2.42	17	20	26	24	25	27	29	29
Total Gross Profit	21	9.81	37	39	44	47	46	47	49	53
Total Revenue	26	21	59	60	61	65	76	74	75	75
Operating Revenue	26	21	59	60	61	65	76	74	75	75
Total Cost of Revenue	4.77	11	22	21	17	17	30	27	26	21
Operating Cost of Revenue	4.77	11	21	18	14	13	26	21	19	12
Other Cost of Revenue	0.00	-	1.32	2.58	3.45	4.37	4.02	5.80	6.93	9.47
Total Operating Expenses	8.11	12	20	19	18	23	21	20	20	25
Selling, General & Admin Expense	3.33	-0.24	8.07	8.04	7.47	12	9.62	7.13	8.82	12
Depreciation Expense	0.06	0.06	0.79	0.75	0.73	0.61	0.53	0.52	0.52	0.21
Other Operating Expenses / (Income)	8.30	8.85	11	11	9.39	11	10	12	10	13
Total Other Income / (Expense), net	-1.32	6.49	-10	-10	-12	-9.03	-12	-13	-12	-4.86
Interest Expense	6.92	8.37	13	13	13	13	13	13	13	14
Interest & Investment Income	7.22	12	1.49	3.04	3.46	2.63	2.01	2.57	2.72	3.26
Income Tax Expense	0.12	6.29	-12	2.60	3.42	3.98	3.45	3.84	5.12	5.43
Preferred Stock Dividends Declared	0.00	-	0.25	0.40	0.40	0.41	0.40	0.40	0.40	0.40
Basic Earnings per Share	$0.47	($0.09)	$0.76	$0.27	$0.43	$0.43	$0.38	$0.43	$0.45	$0.71
Weighted Average Basic Shares Outstanding	24.42M	0.00	24.61M	24.67M	24.65M	24.71M	24.73M	25.96M	26.31M	26.29M
Diluted Earnings per Share	$0.47	($0.09)	$0.74	$0.27	$0.43	$0.44	$0.38	$0.43	$0.45	$0.70
Weighted Average Diluted Shares Outstanding	24.42M	0.00	24.61M	24.67M	24.65M	24.71M	24.73M	25.96M	26.31M	26.29M
Weighted Average Basic & Diluted Shares Outstanding	24.42M	0.00	24.61M	24.67M	24.65M	24.71M	24.73M	25.96M	26.31M	26.29M

This table details how cash moves in and out of Newtek Business Services Corp. 5.50% Notes Due 2026's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2021	2022	2023	2024
Net Change in Cash & Equivalents	191	-61	3.52	199
Net Cash From Operating Activities	141	-62	-169	-153
Net Cash From Continuing Operating Activities	196	-62	-169	-153
Net Income / (Loss) Continuing Operations	84	32	47	51
Consolidated Net Income / (Loss)	84	32	47	51
Depreciation Expense	4.25	-24	-0.34	-8.93
Amortization Expense	2.65	2.49	3.38	3.73
Non-Cash Adjustments To Reconcile Net Income	-27	-90	-196	-199
Changes in Operating Assets and Liabilities, net	132	17	-23	0.08
Net Cash From Investing Activities	0.00	-0.01	-172	-209
Net Cash From Continuing Investing Activities	0.00	-0.01	-172	-209
Purchase of Property, Plant & Equipment	0.00	-0.01	-0.46	-0.44
Acquisitions	0.00	0.00	11	0.00
Purchase of Investments	0.00	0.00	-42	-59
Sale and/or Maturity of Investments	0.00	0.00	0.56	62
Other Investing Activities, net	0.00	0.00	-142	-212
Net Cash From Financing Activities	-5.49	1.18	345	561
Net Cash From Continuing Financing Activities	-5.49	1.18	345	561
Repayment of Debt	-227	-85	-96	-153
Repurchase of Common Equity	0.00	0.00	0.00	-0.40
Payment of Dividends	-70	-65	-14	-20
Issuance of Debt	243	152	115	218
Issuance of Preferred Equity	0.00	0.00	19	0.00
Issuance of Common Equity	50	2.02	0.05	14
Other Financing Activities, net	-1.58	-3.38	320	502
Cash Interest Paid	20	25	66	79
Cash Income Taxes Paid	0.00	0.00	6.88	7.43

This table details how cash moves in and out of Newtek Business Services Corp. 5.50% Notes Due 2026'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	-37	17	47	62	-33	-72	-19	46	-8.67	181
Net Cash From Operating Activities	-62	65	-116	-86	101	-68	-39	2.92	-26	-92
Net Cash From Continuing Operating Activities	-55	38	-117	-86	102	-68	-37	5.88	-20	-102
Net Income / (Loss) Continuing Operations	11	-2.22	19	7.01	11	11	9.65	11	12	18
Consolidated Net Income / (Loss)	11	-2.22	19	7.01	11	11	9.65	11	12	18
Depreciation Expense	-0.36	-27	-1.52	0.20	0.73	0.26	3.42	-1.51	0.17	-11
Amortization Expense	0.64	0.60	1.25	0.68	-0.87	2.32	0.93	1.06	0.61	1.14
Non-Cash Adjustments To Reconcile Net Income	-15	-60	-110	-89	93	-90	-60	-3.67	-33	-103
Changes in Operating Assets and Liabilities, net	-52	127	-25	-4.81	-1.70	8.66	8.30	-0.93	0.02	-7.31
Net Cash From Investing Activities	-	-	-24	-51	-64	-34	-44	-54	-25	-86
Net Cash From Continuing Investing Activities	-	-	-24	-51	-64	-34	-44	-54	-25	-86
Purchase of Property, Plant & Equipment	-	-	-0.17	0.04	-0.16	-0.17	-0.06	-0.07	-0.25	-0.06
Purchase of Investments	-	-	-	-	-	-14	0.00	-117	117	-59
Sale and/or Maturity of Investments	-	-	-28	-0.00	28	0.56	4.07	-0.20	4.89	53
Other Investing Activities, net	-	-	-7.08	-51	-63	-21	-48	63	-147	-80
Net Cash From Financing Activities	19	-22	187	199	-70	29	62	94	36	369
Net Cash From Continuing Financing Activities	19	-22	187	199	-70	29	62	94	36	369
Repayment of Debt	-23	7.40	-36	-53	16	-22	-23	-37	-66	-27
Payment of Dividends	-15	-16	0.00	-4.61	-4.77	-4.77	-4.77	-5.02	-5.23	-5.24
Issuance of Debt	56	-12	97	54	-63	27	44	28	75	72
Issuance of Common Equity	-	1.29	-	-	-	0.05	-	-	0.03	0.07
Other Financing Activities, net	-0.05	-2.55	106	203	-18	30	46	94	33	330
Cash Interest Paid	-	7.00	12	19	19	17	19	18	22	20
Cash Income Taxes Paid	-	-	4.54	-2.49	0.51	4.33	0.07	3.26	3.88	0.21

This table presents Newtek Business Services Corp. 5.50% Notes Due 2026's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2021	2022	2023	2024
Total Assets	1,057	999	1,430	2,060
Total Current Assets	2.40	126	66	50
Cash & Equivalents	2.40	54	15	6.94
Restricted Cash	-	72	31	28
Short-Term Investments	-	0.00	32	24
Other Current Assets	-	0.00	-13	-30
Other Current Nonoperating Assets	-	-	0.00	21
Plant, Property, & Equipment, net	0.00	0.00	324	591
Total Noncurrent Assets	296	606	1,302	1,925
Long-Term Investments	0.39	17	19	19
Noncurrent Note & Lease Receivables	-	0.00	3.64	3.59
Goodwill	-	0.00	30	15
Noncurrent Deferred & Refundable Income Taxes	-	0.00	5.23	0.00
Other Noncurrent Operating Assets	295	590	1,243	1,887
Total Liabilities & Shareholders' Equity	1,057	999	1,430	2,060
Total Liabilities	653	624	1,180	1,764
Total Current Liabilities	11	21	506	1,025
Short-Term Debt	-	0.00	453	962
Accounts Payable	11	21	37	41
Customer Deposits	-	0.00	10	11
Dividends Payable	-	0.00	4.79	5.23
Other Current Nonoperating Liabilities	-	-	0.00	6.22
Total Noncurrent Liabilities	642	602	675	738
Long-Term Debt	472	539	644	708
Noncurrent Deferred & Payable Income Tax Liabilities	13	19	0.00	2.24
Other Noncurrent Operating Liabilities	157	44	31	28
Commitments & Contingencies	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	404	375	249	296
Total Preferred & Common Equity	404	375	249	296
Preferred Stock	0.00	0.00	20	20
Total Common Equity	404	375	229	277
Common Stock	368	355	201	219
Retained Earnings	36	21	28	58
Accumulated Other Comprehensive Income / (Loss)	-	0.00	-0.15	-0.02

This table presents Newtek Business Services Corp. 5.50% Notes Due 2026'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	1,007	1,250	1,439	1,380	1,510	1,617	1,674
Total Current Assets	7.36	297	115	86	839	81	298
Cash & Equivalents	7.36	27	49	16	12	37	9.69
Restricted Cash	-	73	67	71	36	37	28
Short-Term Investments	-	33	-	-	28	28	24
Other Current Assets	-	165	-	-	381	-21	-26
Other Current Nonoperating Assets	-	-	-	-	-	-	263
Plant, Property, & Equipment, net	0.00	0.00	0.00	0.00	0.00	431	492
Total Noncurrent Assets	214	977	1,324	1,294	1,021	1,484	1,338
Long-Term Investments	0.08	26	-	-	18	19	19
Noncurrent Note & Lease Receivables	-	1.29	-4.76	-8.21	3.77	3.77	3.61
Goodwill	-	28	28	27	30	30	15
Noncurrent Deferred & Refundable Income Taxes	-	8.23	4.62	8.66	2.72	1.94	0.00
Other Noncurrent Operating Assets	214	913	1,296	1,266	966	1,430	1,301
Total Liabilities & Shareholders' Equity	1,007	1,250	1,439	1,380	1,510	1,617	1,674
Total Liabilities	615	1,032	1,218	1,153	1,255	1,343	1,392
Total Current Liabilities	12	293	45	44	560	662	705
Short-Term Debt	-	225	-	-	507	606	638
Accounts Payable	12	45	41	39	42	47	45
Customer Deposits	-	23	-	-	5.47	4.92	11
Dividends Payable	-	-	4.77	4.77	5.04	5.25	5.24
Other Current Nonoperating Liabilities	-	-	-	-	-	-	4.96
Total Noncurrent Liabilities	603	738	1,173	1,110	695	681	688
Long-Term Debt	546	697	1,145	1,081	662	652	656
Noncurrent Deferred & Payable Income Tax Liabilities	13	3.52	0.00	0.00	-	-	4.70
Other Noncurrent Operating Liabilities	44	37	28	29	33	29	27
Total Equity & Noncontrolling Interests	392	218	221	227	254	274	282
Total Preferred & Common Equity	392	219	221	227	254	274	282
Preferred Stock	0.00	20	20	20	20	20	20
Total Common Equity	392	199	201	207	234	254	262
Common Stock	371	192	193	193	202	216	217
Retained Earnings	21	7.05	9.08	14	33	38	45
Accumulated Other Comprehensive Income / (Loss)	-	-0.08	-0.20	-0.18	-0.14	-0.14	0.03

This table displays calculated financial ratios and metrics derived from Newtek Business Services Corp. 5.50% Notes Due 2026's official financial filings.

Metric	2021	2022	2023	2024
Growth Metrics	-	-	-	-
Revenue Growth	0.00%	-35.64%	130.20%	22.39%
EBITDA Growth	0.00%	-82.09%	380.45%	17.10%
EBIT Growth	0.00%	-58.71%	115.62%	27.18%
NOPAT Growth	0.00%	-67.32%	169.91%	-9.74%
Net Income Growth	0.00%	-61.60%	46.48%	7.45%
EPS Growth	0.00%	-63.69%	40.30%	4.26%
Operating Cash Flow Growth	0.00%	-144.29%	-171.11%	9.58%
Free Cash Flow Firm Growth	0.00%	0.00%	-94.79%	14.32%
Invested Capital Growth	0.00%	0.00%	199.78%	57.38%
Revenue Q/Q Growth	0.00%	0.00%	15.76%	-3.06%
EBITDA Q/Q Growth	0.00%	0.00%	61.23%	-4.13%
EBIT Q/Q Growth	0.00%	0.00%	21.94%	8.39%
NOPAT Q/Q Growth	0.00%	0.00%	28.50%	3.11%
Net Income Q/Q Growth	0.00%	0.00%	38.15%	17.23%
EPS Q/Q Growth	0.00%	0.00%	39.26%	15.29%
Operating Cash Flow Q/Q Growth	0.00%	54.89%	-366.18%	-18.46%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	0.00%	-100.94%
Invested Capital Q/Q Growth	0.00%	0.00%	23.53%	40.44%
Profitability Metrics	-	-	-	-
Gross Margin	89.18%	81.01%	68.36%	65.22%
EBITDA Margin	63.30%	17.62%	36.77%	35.18%
Operating Margin	63.22%	37.93%	35.52%	36.92%
EBIT Margin	59.12%	37.93%	35.52%	36.92%
Profit (Net Income) Margin	50.95%	30.40%	19.34%	16.98%
Tax Burden Percent	98.45%	83.33%	104.31%	74.03%
Interest Burden Percent	87.53%	96.18%	52.20%	62.14%
Effective Tax Rate	1.55%	16.67%	-4.31%	25.97%
Return on Invested Capital (ROIC)	0.00%	13.29%	8.97%	4.20%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	11.32%	2.77%	2.35%
Return on Net Nonoperating Assets (RNNOA)	0.00%	1.89%	6.19%	14.45%
Return on Equity (ROE)	0.00%	15.18%	15.16%	18.65%
Cash Return on Invested Capital (CROIC)	0.00%	-186.71%	-90.97%	-40.39%
Operating Return on Assets (OROA)	0.00%	3.92%	7.16%	6.34%
Return on Assets (ROA)	0.00%	3.14%	3.90%	2.91%
Return on Common Equity (ROCE)	0.00%	15.18%	14.68%	17.30%
Return on Equity Simple (ROE_SIMPLE)	0.00%	8.61%	19.00%	17.16%
Net Operating Profit after Tax (NOPAT)	103	34	91	82
NOPAT Margin	62.24%	31.60%	37.06%	27.33%
Net Nonoperating Expense Percent (NNEP)	0.00%	1.97%	6.21%	1.85%
Return On Investment Capital (ROIC_SIMPLE)	-	3.67%	6.73%	4.16%
Cost of Revenue to Revenue	10.82%	18.99%	31.64%	34.78%
SG&A Expenses to Revenue	7.91%	13.93%	14.48%	12.38%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	25.96%	43.08%	32.84%	28.31%
Earnings before Interest and Taxes (EBIT)	98	40	87	111
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	105	19	90	105
Valuation Ratios	-	-	-	-
Price to Book Value (P/BV)	0.00	0.94	1.39	1.21
Price to Tangible Book Value (P/TBV)	0.00	0.94	1.61	1.28
Price to Revenue (P/Rev)	1.03	3.34	1.31	1.12
Price to Earnings (P/E)	2.01	10.98	6.97	6.82
Dividend Yield	14.06%	18.94%	5.55%	5.95%
Earnings Yield	49.63%	9.11%	14.35%	14.66%
Enterprise Value to Invested Capital (EV/IC)	0.00	1.49	0.88	0.82
Enterprise Value to Revenue (EV/Rev)	0.00	7.07	5.47	6.50
Enterprise Value to EBITDA (EV/EBITDA)	0.00	40.15	14.89	18.49
Enterprise Value to EBIT (EV/EBIT)	0.00	18.65	15.41	17.62
Enterprise Value to NOPAT (EV/NOPAT)	0.00	22.38	14.77	23.80
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	0.00	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-
Debt to Equity	0.00	1.44	4.41	5.64
Long-Term Debt to Equity	0.00	1.44	2.59	2.39
Financial Leverage	0.00	0.17	2.24	6.15
Leverage Ratio	0.00	2.64	3.89	6.40
Compound Leverage Factor	0.00	2.54	2.03	3.98
Debt to Total Capital	0.00%	58.96%	81.51%	84.93%
Short-Term Debt to Total Capital	0.00%	0.00%	33.67%	48.92%
Long-Term Debt to Total Capital	0.00%	58.96%	47.83%	36.01%
Preferred Equity to Total Capital	0.00%	0.00%	1.47%	1.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	0.00%	41.04%	17.03%	14.06%
Debt to EBITDA	0.00	28.80	12.20	15.85
Net Debt to EBITDA	0.00	21.21	11.11	15.11
Long-Term Debt to EBITDA	0.00	28.80	7.16	6.72
Debt to NOPAT	0.00	16.05	12.11	20.40
Net Debt to NOPAT	0.00	11.82	11.03	19.45
Long-Term Debt to NOPAT	0.00	16.05	7.10	8.65
Altman Z-Score	0.00	0.73	0.19	-0.09
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	3.16%	7.24%
Liquidity Ratios	-	-	-	-
Current Ratio	0.00	5.86	0.13	0.05
Quick Ratio	0.00	2.51	0.09	0.03
Cash Flow Metrics	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.00	-472	-919	-788
Operating Cash Flow to CapEx	0.00%	-567,436.36%	-36,947.38%	-34,855.13%
Free Cash Flow to Firm to Interest Expense	0.00	-18.01	-17.62	-15.02
Operating Cash Flow to Interest Expense	6.39	-2.38	-3.24	-2.92
Operating Cash Flow Less CapEx to Interest Expense	6.39	-2.38	-3.25	-2.93
Efficiency Ratios	-	-	-	-
Asset Turnover	0.00	0.10	0.20	0.17
Accounts Receivable Turnover	0.00	0.00	0.00	0.00
Inventory Turnover	0.00	0.00	0.00	0.00
Fixed Asset Turnover	0.00	0.00	0.00	0.65
Accounts Payable Turnover	0.00	1.25	2.64	2.67
Days Sales Outstanding (DSO)	0.00	0.00	0.00	0.00
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	0.00	292.56	138.44	136.87
Cash Conversion Cycle (CCC)	0.00	-292.56	-138.44	-136.87
Capital & Investment Metrics	-	-	-	-
Invested Capital	0.00	505	1,515	2,385
Invested Capital Turnover	0.00	0.42	0.24	0.15
Increase / (Decrease) in Invested Capital	0.00	505	1,010	869
Enterprise Value (EV)	0.00	752	1,339	1,948
Market Capitalization	170	355	320	336
Book Value per Share	$0.00	$15.37	$9.30	$10.51
Tangible Book Value per Share	$0.00	$15.37	$8.08	$9.95
Total Capital	0.00	915	1,347	1,966
Total Debt	0.00	539	1,098	1,670
Total Long-Term Debt	0.00	539	644	708
Net Debt	0.00	397	1,000	1,592
Capital Expenditures (CapEx)	0.00	0.01	0.46	0.44
Debt-free, Cash-free Net Working Capital (DFCFNWC)	0.00	-21	-65	-72
Debt-free Net Working Capital (DFNWC)	0.00	104	14	-13
Net Working Capital (NWC)	0.00	104	-440	-975
Net Nonoperating Expense (NNE)	19	1.28	43	31
Net Nonoperating Obligations (NNO)	0.00	130	1,266	2,089
Total Depreciation and Amortization (D&A)	6.91	-22	3.04	-5.20
Debt-free, Cash-free Net Working Capital to Revenue	0.00%	-20.16%	-26.45%	-24.15%
Debt-free Net Working Capital to Revenue	0.00%	98.02%	5.63%	-4.42%
Net Working Capital to Revenue	0.00%	98.02%	-179.69%	-325.62%
Earnings Adjustments	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$0.00	$1.89	$1.97
Adjusted Weighted Average Basic Shares Outstanding	0.00	0.00	24.71M	26.29M
Adjusted Diluted Earnings per Share	$0.00	$0.00	$1.88	$1.96
Adjusted Weighted Average Diluted Shares Outstanding	0.00	0.00	24.71M	26.29M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	0.00	24.71M	26.29M
Normalized Net Operating Profit after Tax (NOPAT)	103	34	61	82
Normalized NOPAT Margin	62.24%	31.60%	24.87%	27.33%
Pre Tax Income Margin	51.75%	36.48%	18.54%	22.94%
Debt Service Ratios	-	-	-	-
EBIT to Interest Expense	4.42	1.54	1.67	2.11
NOPAT to Interest Expense	4.66	1.28	1.74	1.56
EBIT Less CapEx to Interest Expense	4.42	1.54	1.66	2.10
NOPAT Less CapEx to Interest Expense	4.66	1.28	1.73	1.55
Payout Ratios	-	-	-	-
Dividend Payout Ratio	83.36%	199.76%	29.89%	39.82%
Augmented Payout Ratio	83.36%	199.76%	29.89%	40.62%

This table displays calculated financial ratios and metrics derived from Newtek Business Services Corp. 5.50% Notes Due 2026'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	0.00%	0.00%	95.75%	101.53%	137.71%	212.10%	29.82%	22.41%	22.65%	15.40%
EBITDA Growth	345.15%	0.00%	-2.26%	31.42%	111.15%	192.88%	60.14%	23.87%	16.10%	-29.07%
EBIT Growth	335.47%	0.00%	16.43%	39.59%	117.74%	1,084.32%	33.24%	31.82%	12.26%	19.92%
NOPAT Growth	481.32%	0.00%	240.75%	-7.38%	58.02%	1,217.83%	-60.49%	39.61%	1.71%	26.47%
Net Income Growth	214.51%	0.00%	92.19%	-48.14%	-3.90%	588.25%	-47.98%	56.11%	9.30%	68.90%
EPS Growth	0.00%	0.00%	85.00%	-51.79%	-8.51%	588.89%	-48.65%	59.26%	4.65%	59.09%
Operating Cash Flow Growth	0.00%	704.76%	-1,896.22%	-20.70%	262.43%	-203.94%	66.76%	103.38%	-125.32%	-35.21%
Free Cash Flow Firm Growth	0.00%	0.00%	0.00%	0.00%	-9,627.41%	0.00%	31.06%	58.10%	62.63%	14.62%
Invested Capital Growth	0.00%	0.00%	0.00%	0.00%	0.00%	199.78%	67.56%	43.03%	38.42%	57.38%
Revenue Q/Q Growth	-14.15%	-19.29%	87.01%	2.76%	1.26%	5.97%	-6.68%	-3.11%	1.46%	-0.30%
EBITDA Q/Q Growth	-25.75%	-348.48%	326.44%	15.88%	19.30%	9.30%	-5.89%	-10.37%	11.83%	-33.23%
EBIT Q/Q Growth	-19.60%	-121.70%	116.18%	9.17%	25.41%	-1.92%	-11.62%	8.00%	6.80%	4.77%
NOPAT Q/Q Growth	-19.37%	-89.54%	1,156.38%	-69.29%	37.57%	-12.80%	-10.74%	8.50%	0.23%	8.43%
Net Income Q/Q Growth	-15.96%	-119.56%	934.83%	-62.20%	55.74%	-0.64%	-18.17%	13.42%	9.04%	53.54%
EPS Q/Q Growth	-16.07%	-119.15%	922.22%	-63.51%	59.26%	2.33%	-22.45%	13.16%	4.65%	55.56%
Operating Cash Flow Q/Q Growth	12.90%	204.43%	-278.53%	25.67%	217.21%	-166.82%	26.38%	107.56%	-978.14%	-256.85%
Free Cash Flow Firm Q/Q Growth	0.00%	-100.00%	0.00%	-29.39%	2.71%	17.76%	35.75%	21.37%	13.21%	-87.89%
Invested Capital Q/Q Growth	0.00%	0.00%	99.00%	24.74%	-2.24%	23.53%	8.39%	6.48%	-5.39%	40.44%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	81.42%	47.34%	62.73%	65.25%	71.87%	73.06%	60.48%	63.97%	65.17%	71.35%
EBITDA Margin	44.61%	-137.34%	29.82%	33.63%	39.62%	40.87%	36.79%	34.03%	37.51%	25.12%
Operating Margin	49.83%	-11.69%	28.72%	33.06%	43.05%	36.88%	33.36%	37.17%	38.86%	38.33%
EBIT Margin	43.51%	-11.69%	30.29%	32.18%	39.85%	36.88%	31.09%	34.65%	36.48%	38.33%
Profit (Net Income) Margin	44.24%	-10.72%	31.62%	11.63%	17.89%	16.77%	12.67%	14.83%	15.94%	24.55%
Tax Burden Percent	98.97%	-54.63%	281.15%	72.99%	76.16%	73.15%	73.67%	74.04%	69.97%	77.14%
Interest Burden Percent	102.75%	-167.78%	37.13%	49.52%	58.93%	62.16%	55.33%	57.81%	62.46%	83.02%
Effective Tax Rate	1.03%	154.63%	-181.15%	27.01%	23.84%	26.85%	26.33%	25.96%	30.03%	22.86%
Return on Invested Capital (ROIC)	0.00%	1.34%	23.38%	6.77%	11.30%	6.53%	5.14%	5.33%	5.74%	4.54%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	-1.38%	16.06%	5.31%	9.48%	5.59%	4.33%	4.59%	5.05%	4.32%
Return on Net Nonoperating Assets (RNNOA)	0.00%	-0.48%	58.05%	24.89%	41.74%	12.50%	20.33%	23.72%	23.96%	26.56%
Return on Equity (ROE)	0.00%	0.86%	81.43%	31.66%	53.04%	19.03%	25.48%	29.05%	29.71%	31.10%
Cash Return on Invested Capital (CROIC)	0.00%	-93.35%	0.00%	0.00%	0.00%	-90.97%	-45.05%	-30.22%	-26.80%	-40.39%
Operating Return on Assets (OROA)	0.00%	-1.21%	3.53%	3.94%	6.10%	7.43%	6.34%	6.69%	7.38%	6.58%
Return on Assets (ROA)	0.00%	-1.11%	3.68%	1.42%	2.74%	3.38%	2.59%	2.86%	3.22%	4.21%
Return on Common Equity (ROCE)	0.00%	0.86%	74.24%	28.89%	48.43%	18.43%	23.37%	26.76%	27.40%	28.85%
Return on Equity Simple (ROE_SIMPLE)	0.00%	0.00%	18.86%	15.69%	15.09%	0.00%	15.12%	15.46%	15.39%	0.00%
Net Operating Profit after Tax (NOPAT)	13	1.32	47	15	20	17	19	20	20	22
NOPAT Margin	49.32%	6.39%	80.75%	24.13%	32.79%	26.98%	24.58%	27.52%	27.19%	29.57%
Net Nonoperating Expense Percent (NNEP)	0.00%	2.73%	7.32%	1.46%	1.82%	0.95%	0.82%	0.73%	0.70%	0.22%
Return On Investment Capital (ROIC_SIMPLE)	-	0.14%	-	-	-	1.30%	-	-	-	1.12%
Cost of Revenue to Revenue	18.58%	52.66%	37.27%	34.75%	28.13%	26.94%	39.52%	36.03%	34.83%	28.65%
SG&A Expenses to Revenue	12.98%	-1.17%	13.76%	13.33%	12.24%	18.32%	12.64%	9.66%	11.77%	15.43%
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	31.58%	59.03%	34.01%	32.19%	28.82%	36.18%	27.12%	26.80%	26.31%	33.03%
Earnings before Interest and Taxes (EBIT)	11	-2.42	18	19	24	24	24	26	27	29
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	11	-28	17	20	24	26	28	25	28	19
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.94	1.45	1.81	1.63	1.39	1.14	1.20	1.22	1.21
Price to Tangible Book Value (P/TBV)	0.00	0.94	1.69	2.10	1.88	1.61	1.31	1.36	1.29	1.28
Price to Revenue (P/Rev)	0.00	3.34	1.98	2.08	1.60	1.31	0.95	1.04	1.03	1.12
Price to Earnings (P/E)	0.00	10.98	7.03	10.73	10.19	6.97	7.25	7.52	7.63	6.82
Dividend Yield	21.42%	18.94%	23.34%	15.36%	12.47%	5.55%	6.74%	5.89%	6.03%	5.95%
Earnings Yield	0.00%	9.11%	14.23%	9.32%	9.81%	14.35%	13.78%	13.31%	13.11%	14.66%
Enterprise Value to Invested Capital (EV/IC)	0.00	1.49	1.06	1.13	1.10	0.88	0.81	0.82	0.91	0.82
Enterprise Value to Revenue (EV/Rev)	0.00	7.07	7.35	8.03	6.40	5.47	4.84	4.96	5.03	6.50
Enterprise Value to EBITDA (EV/EBITDA)	0.00	40.15	28.05	33.08	24.25	14.89	13.47	13.80	14.13	18.49
Enterprise Value to EBIT (EV/EBIT)	0.00	18.65	20.36	24.46	18.98	15.41	14.67	14.77	15.22	17.62
Enterprise Value to NOPAT (EV/NOPAT)	0.00	22.38	17.18	22.38	19.18	14.77	18.57	18.49	19.56	23.80
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	1.44	4.23	5.19	4.76	4.41	4.60	4.59	4.59	5.64
Long-Term Debt to Equity	0.00	1.44	3.20	5.19	4.76	2.59	2.61	2.38	2.33	2.39
Financial Leverage	0.00	0.35	3.61	4.68	4.40	2.24	4.70	5.16	4.75	6.15
Leverage Ratio	0.00	2.64	5.73	6.52	6.08	3.89	5.84	6.18	6.00	6.40
Compound Leverage Factor	0.00	-4.43	2.13	3.23	3.58	2.42	3.23	3.57	3.75	5.31
Debt to Total Capital	0.00%	58.96%	80.88%	83.84%	82.65%	81.51%	82.15%	82.11%	82.12%	84.93%
Short-Term Debt to Total Capital	0.00%	0.00%	19.71%	0.00%	0.00%	33.67%	35.64%	39.54%	40.51%	48.92%
Long-Term Debt to Total Capital	0.00%	58.96%	61.17%	83.84%	82.65%	47.83%	46.52%	42.57%	41.61%	36.01%
Preferred Equity to Total Capital	0.00%	0.00%	1.73%	1.45%	1.51%	1.47%	1.39%	1.29%	1.25%	1.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	-0.04%	-0.04%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	0.00%	41.04%	17.43%	14.76%	15.84%	17.03%	16.46%	16.60%	16.63%	14.06%
Debt to EBITDA	0.00	28.80	24.18	26.78	19.38	12.20	11.57	11.86	11.78	15.85
Net Debt to EBITDA	0.00	21.21	20.00	24.08	17.83	11.11	10.63	10.73	11.05	15.11
Long-Term Debt to EBITDA	0.00	28.80	18.29	26.78	19.38	7.16	6.55	6.15	5.97	6.72
Debt to NOPAT	0.00	16.05	14.81	18.12	15.32	12.11	15.94	15.89	16.31	20.40
Net Debt to NOPAT	0.00	11.82	12.25	16.29	14.10	11.03	14.66	14.37	15.29	19.45
Long-Term Debt to NOPAT	0.00	16.05	11.20	18.12	15.32	7.10	9.03	8.24	8.26	8.65
Altman Z-Score	0.00	0.59	0.34	0.41	0.44	0.05	0.62	-0.03	0.12	-0.22
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	8.84%	8.72%	8.69%	3.16%	8.26%	7.88%	7.76%	7.24%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.00	5.86	1.01	2.55	1.98	0.13	1.50	0.12	0.42	0.05
Quick Ratio	0.00	2.51	0.21	1.08	0.36	0.09	0.75	0.10	0.05	0.03
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	13	0.00	-959	-1,240	-1,207	-992	-661	-520	-451	-847
Operating Cash Flow to CapEx	0.00%	0.00%	-70,520.61%	0.00%	61,815.85%	-41,057.58%	-67,849.12%	4,116.90%	-10,391.90%	-143,117.19%
Free Cash Flow to Firm to Interest Expense	1.83	0.00	-75.73	-96.68	-89.74	-75.02	-52.51	-38.89	-34.75	-62.77
Operating Cash Flow to Interest Expense	-9.02	7.79	-9.19	-6.74	7.54	-5.12	-3.07	0.22	-1.98	-6.78
Operating Cash Flow Less CapEx to Interest Expense	-9.02	7.79	-9.21	-6.74	7.53	-5.13	-3.08	0.21	-2.00	-6.79
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.00	0.10	0.12	0.12	0.15	0.20	0.20	0.19	0.20	0.17
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	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.65
Accounts Payable Turnover	0.00	1.25	0.93	1.44	1.83	2.64	2.33	2.46	2.77	2.67
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	292.56	392.82	252.69	199.66	138.44	156.88	148.59	131.92	136.87
Cash Conversion Cycle (CCC)	0.00	-292.56	-392.82	-252.69	-199.66	-138.44	-156.88	-148.59	-131.92	-136.87
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	0.00	505	1,006	1,255	1,227	1,515	1,685	1,795	1,698	2,385
Invested Capital Turnover	0.00	0.21	0.29	0.28	0.34	0.24	0.21	0.19	0.21	0.15
Increase / (Decrease) in Invested Capital	0.00	0.00	1,006	1,255	1,227	1,010	680	540	471	869
Enterprise Value (EV)	0.00	752	1,070	1,414	1,353	1,339	1,362	1,463	1,552	1,948
Market Capitalization	110	355	288	365	338	320	267	306	319	336
Book Value per Share	$0.00	$15.37	$8.14	$8.19	$8.40	$9.30	$9.51	$10.28	$10.09	$10.51
Tangible Book Value per Share	$0.00	$15.37	$6.99	$7.07	$7.30	$8.08	$8.29	$9.08	$9.52	$9.95
Total Capital	0.00	915	1,140	1,365	1,308	1,347	1,424	1,531	1,576	1,966
Total Debt	0.00	539	922	1,145	1,081	1,098	1,170	1,257	1,294	1,670
Total Long-Term Debt	0.00	539	697	1,145	1,081	644	662	652	656	708
Net Debt	0.00	397	763	1,029	995	1,000	1,076	1,137	1,214	1,592
Capital Expenditures (CapEx)	0.00	0.00	0.17	-0.04	0.16	0.17	0.06	0.07	0.25	0.06
Debt-free, Cash-free Net Working Capital (DFCFNWC)	0.00	-21	96	-45	-44	-65	711	-78	170	-72
Debt-free Net Working Capital (DFNWC)	0.00	104	229	70	43	14	787	24	232	-13
Net Working Capital (NWC)	0.00	104	4.04	70	43	-440	279	-581	-407	-975
Net Nonoperating Expense (NNE)	1.30	3.55	29	7.54	9.09	6.60	9.07	9.37	8.42	3.75
Net Nonoperating Obligations (NNO)	0.00	130	788	1,034	1,000	1,266	1,431	1,521	1,416	2,089
Total Depreciation and Amortization (D&A)	0.28	-26	-0.27	0.88	-0.14	2.58	4.34	-0.46	0.77	-9.86
Debt-free, Cash-free Net Working Capital to Revenue	0.00%	-20.16%	65.84%	-25.72%	-20.61%	-26.45%	252.32%	-26.43%	55.15%	-24.15%
Debt-free Net Working Capital to Revenue	0.00%	98.02%	157.06%	39.86%	20.25%	5.63%	279.38%	8.19%	75.03%	-4.42%
Net Working Capital to Revenue	0.00%	98.02%	2.77%	39.86%	20.25%	-179.69%	99.16%	-197.00%	-131.63%	-325.62%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.47	($0.09)	$0.46	$0.26	$0.38	$0.43	$0.38	$0.43	$0.45	$0.71
Adjusted Weighted Average Basic Shares Outstanding	24.30M	0.00	24.61M	24.67M	24.65M	24.71M	24.73M	25.96M	26.31M	26.29M
Adjusted Diluted Earnings per Share	$0.00	($0.09)	$0.46	$0.26	$0.38	$0.44	$0.38	$0.43	$0.45	$0.70
Adjusted Weighted Average Diluted Shares Outstanding	24.42M	0.00	24.61M	24.67M	24.65M	24.71M	24.73M	25.96M	26.31M	26.29M
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	24.42M	0.00	24.61M	24.67M	24.65M	24.71M	24.73M	25.96M	26.31M	26.29M
Normalized Net Operating Profit after Tax (NOPAT)	13	-1.70	12	15	20	17	19	20	20	22
Normalized NOPAT Margin	49.32%	-8.19%	20.11%	24.13%	32.79%	26.98%	24.58%	27.52%	27.19%	29.57%
Pre Tax Income Margin	44.70%	19.62%	11.25%	15.93%	23.49%	22.93%	17.20%	20.03%	22.78%	31.82%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	1.62	-0.29	1.40	1.51	1.81	1.80	1.88	1.91	2.10	2.12
NOPAT to Interest Expense	1.83	0.16	3.74	1.13	1.49	1.32	1.49	1.52	1.57	1.64
EBIT Less CapEx to Interest Expense	1.62	-0.29	1.39	1.51	1.80	1.79	1.88	1.91	2.09	2.11
NOPAT Less CapEx to Interest Expense	1.83	0.16	3.73	1.14	1.48	1.31	1.48	1.51	1.55	1.63
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	199.76%	119.35%	104.21%	74.74%	29.89%	49.23%	45.61%	45.61%	39.82%
Augmented Payout Ratio	0.00%	199.76%	119.35%	104.21%	74.74%	29.89%	49.23%	45.61%	45.61%	40.62%

Frequently Asked Questions About Newtek Business Services Corp. 5.50% Notes Due 2026's Financials

When does Newtek Business Services Corp. 5.50% Notes Due 2026's fiscal year end?

According to the most recent income statement we have on file, Newtek Business Services Corp. 5.50% Notes Due 2026's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Newtek Business Services Corp. 5.50% Notes Due 2026's net income changed over the last 3 years?

Newtek Business Services Corp. 5.50% Notes Due 2026's net income appears to be on a downward trend, with a most recent value of $50.85 million in 2024, falling from $84.14 million in 2021. The previous period was $47.33 million in 2023.

What is Newtek Business Services Corp. 5.50% Notes Due 2026's operating income?

Newtek Business Services Corp. 5.50% Notes Due 2026's total operating income in 2024 was $110.55 million, based on the following breakdown:

Total Gross Profit: $195.33 million
Total Operating Expenses: $84.78 million

How has Newtek Business Services Corp. 5.50% Notes Due 2026 revenue changed over the last 3 years?

Over the last 3 years, Newtek Business Services Corp. 5.50% Notes Due 2026's total revenue changed from $165.16 million in 2021 to $299.48 million in 2024, a change of 81.3%.

How much debt does Newtek Business Services Corp. 5.50% Notes Due 2026 have?

Newtek Business Services Corp. 5.50% Notes Due 2026's total liabilities were at $1.76 billion at the end of 2024, a 49.4% increase from 2023, and a 170.2% increase since 2021.

How much cash does Newtek Business Services Corp. 5.50% Notes Due 2026 have?

In the past 3 years, Newtek Business Services Corp. 5.50% Notes Due 2026's cash and equivalents has ranged from $2.40 million in 2021 to $53.69 million in 2022, and is currently $6.94 million as of their latest financial filing in 2024.

How has Newtek Business Services Corp. 5.50% Notes Due 2026's book value per share changed over the last 3 years?

Over the last 3 years, Newtek Business Services Corp. 5.50% Notes Due 2026's book value per share changed from 0.00 in 2021 to 10.51 in 2024, a change of 1,051.3%.

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This page (NASDAQ:NEWTZ) was last updated on 4/20/2025 by MarketBeat.com Staff

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Newtek Business Services Corp. 5.50% Notes Due 2026 (NEWTZ) Financials

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Newtek Business Services Corp. 5.50% Notes Due 2026 (NEWTZ) Financials

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