Deluxe (DLX) Financials

$14.72 +0.11 (+0.75%)

Closing price 04/14/2025 03:58 PM Eastern

Extended Trading

$14.71 -0.01 (-0.07%)

As of 07:39 AM Eastern

Annual Income Statements for Deluxe

This table shows Deluxe'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	65	26	53
Consolidated Net Income / (Loss)	66	26	53
Net Income / (Loss) Continuing Operations	66	26	53
Total Pre-Tax Income	84	40	76
Total Operating Income	169	161	192
Total Gross Profit	1,206	1,163	1,126
Total Revenue	2,238	2,192	2,122
Operating Revenue	2,238	2,192	2,122
Total Cost of Revenue	1,032	1,030	995
Operating Cost of Revenue	1,032	1,030	995
Total Operating Expenses	1,036	1,002	934
Selling, General & Admin Expense	993	956	909
Impairment Charge	0.00	0.00	7.74
Restructuring Charge	63	78	49
Other Special Charges / (Income)	-19	-32	-31
Total Other Income / (Expense), net	-85	-121	-116
Interest Expense	94	126	123
Other Income / (Expense), net	9.39	4.65	7.60
Income Tax Expense	19	14	24
Net Income / (Loss) Attributable to Noncontrolling Interest	0.14	0.11	0.14
Basic Earnings per Share	$1.52	$0.60	$1.20
Weighted Average Basic Shares Outstanding	43.27M	43.85M	44.43M
Diluted Earnings per Share	$1.50	$0.59	$1.18
Weighted Average Diluted Shares Outstanding	43.27M	43.85M	44.43M
Weighted Average Basic & Diluted Shares Outstanding	43.27M	43.85M	44.43M
Cash Dividends to Common per Share	$1.20	$1.20	$1.20

This table shows Deluxe'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	15	19	2.75	16	-7.98	15	11	20	8.93	13
Consolidated Net Income / (Loss)	15	19	2.78	16	-7.96	15	11	20	8.97	13
Net Income / (Loss) Continuing Operations	15	19	2.78	16	-7.96	15	11	20	8.97	13
Total Pre-Tax Income	21	18	6.54	23	-9.15	19	16	31	14	16
Total Operating Income	42	45	34	54	22	51	44	59	42	47
Total Gross Profit	299	301	295	302	283	284	284	289	282	272
Total Revenue	555	564	545	572	538	537	535	538	528	521
Operating Revenue	555	564	545	572	538	537	535	538	528	521
Total Cost of Revenue	256	263	251	270	255	254	251	249	247	248
Operating Cost of Revenue	256	263	251	270	255	254	251	249	247	248
Total Operating Expenses	257	256	261	248	261	233	239	229	240	225
Selling, General & Admin Expense	244	240	248	245	234	229	234	234	228	213
Restructuring Charge	15	16	13	24	23	18	14	11	11	13
Other Special Charges / (Income)	-1.80	-	0.00	-22	4.32	-15	-8.58	-15	-5.21	-2.02
Total Other Income / (Expense), net	-21	-27	-28	-31	-31	-32	-28	-28	-28	-31
Interest Expense	24	29	30	32	32	32	31	30	30	32
Other Income / (Expense), net	3.08	1.89	2.42	0.82	1.32	0.09	2.94	1.79	1.83	1.04
Income Tax Expense	6.13	-0.69	3.76	6.62	-1.19	4.39	5.52	10	4.54	3.09
Net Income / (Loss) Attributable to Noncontrolling Interest	0.04	0.03	0.03	0.03	0.03	0.03	0.03	0.04	0.04	0.04
Basic Earnings per Share	$0.34	$0.44	$0.06	$0.38	($0.18)	$0.34	$0.25	$0.46	$0.20	$0.29
Weighted Average Basic Shares Outstanding	43.14M	43.27M	43.46M	43.62M	43.69M	43.85M	44.05M	44.21M	44.27M	44.43M
Diluted Earnings per Share	$0.34	$0.44	$0.06	$0.37	($0.18)	$0.34	$0.24	$0.46	$0.20	$0.28
Weighted Average Diluted Shares Outstanding	43.14M	43.27M	43.46M	43.62M	43.69M	43.85M	44.05M	44.21M	44.27M	44.43M
Weighted Average Basic & Diluted Shares Outstanding	43.14M	43.27M	43.46M	43.62M	43.69M	43.85M	44.05M	44.21M	44.27M	44.43M

This table details how cash moves in and out of Deluxe'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	52	121	-149
Net Cash From Operating Activities	192	198	194
Net Cash From Continuing Operating Activities	192	198	194
Net Income / (Loss) Continuing Operations	66	26	53
Consolidated Net Income / (Loss)	66	26	53
Depreciation Expense	26	23	22
Amortization Expense	192	195	195
Non-Cash Adjustments To Reconcile Net Income	-4.34	4.94	21
Changes in Operating Assets and Liabilities, net	-88	-52	-97
Net Cash From Investing Activities	-80	-43	-70
Net Cash From Continuing Investing Activities	-80	-43	-70
Purchase of Property, Plant & Equipment	-105	-101	-94
Divestitures	25	54	23
Sale and/or Maturity of Investments	4.08	8.01	0.00
Other Investing Activities, net	-5.05	-4.20	1.25
Net Cash From Financing Activities	-49	-38	-267
Net Cash From Continuing Financing Activities	-49	-38	-267
Repayment of Debt	-692	-647	-1,913
Payment of Dividends	-53	-53	-54
Issuance of Debt	640	584	1,808
Other Financing Activities, net	56	79	-108
Other Net Changes in Cash	-11	3.24	-6.06

This table details how cash moves in and out of Deluxe'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	6.30	142	-154	5.64	-0.20	269	-323	-57	7.59	224
Net Cash From Operating Activities	51	68	-6.71	54	68	83	27	40	68	60
Net Cash From Continuing Operating Activities	51	68	-6.71	54	68	83	27	40	68	60
Net Income / (Loss) Continuing Operations	15	19	2.78	16	-7.96	15	11	20	8.97	13
Consolidated Net Income / (Loss)	15	19	2.78	16	-7.96	15	11	20	8.97	13
Depreciation Expense	6.45	7.40	5.30	5.75	3.92	8.46	6.05	4.33	5.65	6.17
Amortization Expense	45	56	50	50	47	48	48	50	51	46
Non-Cash Adjustments To Reconcile Net Income	-0.94	-0.58	7.48	-12	13	-3.88	1.48	1.24	11	6.38
Changes in Operating Assets and Liabilities, net	-14	-13	-72	-5.83	11	15	-40	-36	-9.44	-11
Net Cash From Investing Activities	-29	-31	-25	-12	-13	7.43	-21	-23	-7.39	-19
Net Cash From Continuing Investing Activities	-29	-31	-25	-12	-13	7.43	-21	-23	-7.39	-19
Purchase of Property, Plant & Equipment	-28	-31	-26	-30	-25	-20	-20	-28	-21	-25
Divestitures	1.37	-	-	-	12	14	-	-	14	4.97
Other Investing Activities, net	-2.04	-3.91	0.03	-9.91	0.08	5.60	-0.12	0.07	0.18	1.12
Net Cash From Financing Activities	-5.28	101	-122	-38	-53	176	-327	-72	-53	185
Net Cash From Continuing Financing Activities	-5.28	101	-122	-38	-53	176	-327	-72	-53	185
Repayment of Debt	-201	-165	-181	-241	-131	-93	-205	-304	-193	-1,210
Payment of Dividends	-13	-13	-14	-13	-13	-13	-14	-14	-13	-13
Issuance of Debt	197	129	218	220	94	53	166	301	164	1,177
Other Financing Activities, net	12	150	-146	-3.72	-1.60	230	-273	-56	-11	231

This table presents Deluxe'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	3,077	3,081	2,831
Total Current Assets	704	761	612
Cash & Equivalents	40	72	34
Accounts Receivable	207	191	174
Inventories, net	52	42	36
Prepaid Expenses	37	30	33
Other Current Assets	66	426	334
Plant, Property, & Equipment, net	125	117	112
Total Noncurrent Assets	2,248	2,203	2,108
Long-Term Investments	48	62	61
Goodwill	1,431	1,431	1,423
Intangible Assets	459	392	331
Noncurrent Deferred & Refundable Income Taxes	1.96	8.69	6.97
Other Noncurrent Operating Assets	307	310	286
Total Liabilities & Shareholders' Equity	3,077	3,081	2,831
Total Liabilities	2,472	2,476	2,210
Total Current Liabilities	752	819	626
Short-Term Debt	72	86	37
Accounts Payable	157	155	165
Accrued Expenses	218	191	150
Other Current Liabilities	305	387	274
Total Noncurrent Liabilities	1,720	1,657	1,585
Long-Term Debt	1,573	1,507	1,466
Noncurrent Deferred & Payable Income Tax Liabilities	46	23	2.10
Other Noncurrent Operating Liabilities	102	128	116
Commitments & Contingencies	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	604	605	621
Total Preferred & Common Equity	604	604	621
Total Common Equity	604	604	621
Common Stock	122	143	161
Retained Earnings	519	491	489
Accumulated Other Comprehensive Income / (Loss)	-37	-30	-30
Noncontrolling Interest	0.42	0.52	0.17

This table presents Deluxe'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	2,957	2,941	2,923	2,885	2,729	2,666	2,623
Total Current Assets	550	555	549	537	430	391	393
Cash & Equivalents	46	25	39	42	24	23	41
Restricted Cash	156	157	156	152	108	51	41
Accounts Receivable	195	222	212	204	171	175	172
Inventories, net	45	54	55	49	39	38	40
Prepaid Expenses	35	34	33	32	35	38	37
Other Current Assets	74	63	54	58	53	66	61
Plant, Property, & Equipment, net	122	125	127	121	111	112	111
Total Noncurrent Assets	2,284	2,261	2,247	2,226	2,187	2,163	2,120
Long-Term Investments	48	64	66	62	62	62	62
Goodwill	1,431	1,431	1,431	1,431	1,431	1,431	1,424
Intangible Assets	476	436	430	411	374	358	338
Noncurrent Deferred & Refundable Income Taxes	1.92	1.26	1.34	1.47	8.18	8.13	8.75
Other Noncurrent Operating Assets	328	329	319	322	312	304	287
Total Liabilities & Shareholders' Equity	2,957	2,941	2,923	2,885	2,729	2,666	2,623
Total Liabilities	2,355	2,345	2,309	2,285	2,120	2,046	2,010
Total Current Liabilities	586	579	571	588	445	404	428
Short-Term Debt	65	79	86	86	22	43	72
Accounts Payable	148	158	175	163	159	160	161
Accrued Expenses	217	186	155	187	155	149	152
Other Current Liabilities	155	157	155	152	109	52	43
Total Noncurrent Liabilities	1,769	1,766	1,738	1,697	1,676	1,641	1,582
Long-Term Debt	1,606	1,608	1,581	1,546	1,539	1,515	1,460
Noncurrent Deferred & Payable Income Tax Liabilities	56	39	38	28	18	12	3.97
Other Noncurrent Operating Liabilities	107	119	120	123	119	114	119
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	602	596	614	599	608	620	613
Total Preferred & Common Equity	602	595	613	599	608	620	613
Total Common Equity	602	595	613	599	608	620	613
Common Stock	117	127	133	138	145	151	156
Retained Earnings	512	508	511	490	488	495	490
Accumulated Other Comprehensive Income / (Loss)	-28	-40	-31	-29	-26	-26	-34
Noncontrolling Interest	0.39	0.44	0.47	0.50	0.55	0.59	0.13

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

Metric	2022	2023	2024
Growth Metrics	-	-	-
Revenue Growth	10.67%	-2.04%	-3.22%
EBITDA Growth	18.22%	-3.23%	8.53%
EBIT Growth	19.73%	-7.49%	20.75%
NOPAT Growth	38.34%	-19.48%	25.53%
Net Income Growth	4.39%	-59.98%	101.87%
EPS Growth	3.45%	-60.67%	100.00%
Operating Cash Flow Growth	-9.15%	3.57%	-2.06%
Free Cash Flow Firm Growth	124.90%	-153.02%	268.57%
Invested Capital Growth	-2.94%	11.07%	-1.69%
Revenue Q/Q Growth	-0.29%	-1.20%	-0.79%
EBITDA Q/Q Growth	1.54%	-0.63%	-1.76%
EBIT Q/Q Growth	1.80%	2.33%	-1.45%
NOPAT Q/Q Growth	17.47%	-12.54%	-1.68%
Net Income Q/Q Growth	8.58%	-13.20%	-4.26%
EPS Q/Q Growth	8.70%	-14.49%	-4.84%
Operating Cash Flow Q/Q Growth	3.52%	8.39%	-10.71%
Free Cash Flow Firm Q/Q Growth	68.87%	-158.62%	50.60%
Invested Capital Q/Q Growth	-8.22%	4.45%	1.46%
Profitability Metrics	-	-	-
Gross Margin	53.88%	53.04%	53.09%
EBITDA Margin	17.74%	17.53%	19.66%
Operating Margin	7.57%	7.33%	9.06%
EBIT Margin	7.99%	7.55%	9.42%
Profit (Net Income) Margin	2.93%	1.20%	2.50%
Tax Burden Percent	77.66%	65.90%	69.21%
Interest Burden Percent	47.18%	24.06%	38.29%
Effective Tax Rate	22.34%	34.10%	30.79%
Return on Invested Capital (ROIC)	6.98%	5.40%	6.50%
ROIC Less NNEP Spread (ROIC-NNEP)	1.88%	-0.47%	0.91%
Return on Net Nonoperating Assets (RNNOA)	4.14%	-1.06%	2.14%
Return on Equity (ROE)	11.12%	4.34%	8.64%
Cash Return on Invested Capital (CROIC)	9.96%	-5.08%	8.21%
Operating Return on Assets (OROA)	5.81%	5.37%	6.76%
Return on Assets (ROA)	2.13%	0.85%	1.79%
Return on Common Equity (ROCE)	11.11%	4.34%	8.64%
Return on Equity Simple (ROE_SIMPLE)	10.85%	4.34%	8.53%
Net Operating Profit after Tax (NOPAT)	132	106	133
NOPAT Margin	5.88%	4.83%	6.27%
Net Nonoperating Expense Percent (NNEP)	5.09%	5.88%	5.59%
Return On Investment Capital (ROIC_SIMPLE)	5.85%	4.82%	6.26%
Cost of Revenue to Revenue	46.12%	46.96%	46.91%
SG&A Expenses to Revenue	44.38%	43.61%	42.85%
R&D to Revenue	0.00%	0.00%	0.00%
Operating Expenses to Revenue	46.31%	45.70%	44.03%
Earnings before Interest and Taxes (EBIT)	179	165	200
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	397	384	417
Valuation Ratios	-	-	-
Price to Book Value (P/BV)	1.06	1.44	1.59
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00
Price to Revenue (P/Rev)	0.29	0.40	0.46
Price to Earnings (P/E)	9.76	33.41	18.64
Dividend Yield	8.11%	6.01%	5.40%
Earnings Yield	10.24%	2.99%	5.36%
Enterprise Value to Invested Capital (EV/IC)	1.02	1.13	1.18
Enterprise Value to Revenue (EV/Rev)	0.85	1.06	1.13
Enterprise Value to EBITDA (EV/EBITDA)	4.77	6.07	5.74
Enterprise Value to EBIT (EV/EBIT)	10.58	14.10	11.97
Enterprise Value to NOPAT (EV/NOPAT)	14.38	22.01	17.98
Enterprise Value to Operating Cash Flow (EV/OCF)	9.88	11.76	12.31
Enterprise Value to Free Cash Flow (EV/FCFF)	10.07	0.00	14.24
Leverage & Solvency	-	-	-
Debt to Equity	2.72	2.63	2.42
Long-Term Debt to Equity	2.60	2.49	2.36
Financial Leverage	2.20	2.24	2.34
Leverage Ratio	5.22	5.09	4.82
Compound Leverage Factor	2.46	1.23	1.85
Debt to Total Capital	73.13%	72.49%	70.77%
Short-Term Debt to Total Capital	3.19%	3.92%	1.75%
Long-Term Debt to Total Capital	69.94%	68.57%	69.02%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.02%	0.02%	0.01%
Common Equity to Total Capital	26.85%	27.49%	29.22%
Debt to EBITDA	4.14	4.15	3.60
Net Debt to EBITDA	3.16	3.80	3.38
Long-Term Debt to EBITDA	3.96	3.92	3.52
Debt to NOPAT	12.49	15.03	11.30
Net Debt to NOPAT	9.53	13.77	10.58
Long-Term Debt to NOPAT	11.95	14.22	11.02
Altman Z-Score	1.29	1.30	1.49
Noncontrolling Interest Sharing Ratio	0.06%	0.08%	0.06%
Liquidity Ratios	-	-	-
Current Ratio	0.94	0.93	0.98
Quick Ratio	0.33	0.32	0.33
Cash Flow Metrics	-	-	-
Free Cash Flow to Firm (FCFF)	188	-100	168
Operating Cash Flow to CapEx	183.11%	196.90%	205.83%
Free Cash Flow to Firm to Interest Expense	1.99	-0.79	1.36
Operating Cash Flow to Interest Expense	2.03	1.58	1.58
Operating Cash Flow Less CapEx to Interest Expense	0.92	0.78	0.81
Efficiency Ratios	-	-	-
Asset Turnover	0.73	0.71	0.72
Accounts Receivable Turnover	11.06	11.03	11.62
Inventory Turnover	23.67	21.82	25.36
Fixed Asset Turnover	17.84	18.16	18.60
Accounts Payable Turnover	6.66	6.60	6.23
Days Sales Outstanding (DSO)	32.99	33.10	31.40
Days Inventory Outstanding (DIO)	15.42	16.73	14.39
Days Payable Outstanding (DPO)	54.84	55.29	58.63
Cash Conversion Cycle (CCC)	-6.43	-5.46	-12.84
Capital & Investment Metrics	-	-	-
Invested Capital	1,858	2,064	2,029
Invested Capital Turnover	1.19	1.12	1.04
Increase / (Decrease) in Invested Capital	-56	206	-35
Enterprise Value (EV)	1,893	2,332	2,392
Market Capitalization	639	873	984
Book Value per Share	$14.00	$13.83	$14.02
Tangible Book Value per Share	($29.83)	($27.88)	($25.59)
Total Capital	2,249	2,197	2,124
Total Debt	1,644	1,593	1,503
Total Long-Term Debt	1,573	1,507	1,466
Net Debt	1,254	1,459	1,408
Capital Expenditures (CapEx)	105	101	94
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-319	-44	-11
Debt-free Net Working Capital (DFNWC)	23	28	23
Net Working Capital (NWC)	-48	-58	-14
Net Nonoperating Expense (NNE)	66	80	80
Net Nonoperating Obligations (NNO)	1,254	1,459	1,408
Total Depreciation and Amortization (D&A)	218	219	217
Debt-free, Cash-free Net Working Capital to Revenue	-14.27%	-2.00%	-0.53%
Debt-free Net Working Capital to Revenue	1.05%	1.28%	1.10%
Net Working Capital to Revenue	-2.16%	-2.65%	-0.65%
Earnings Adjustments	-	-	-
Adjusted Basic Earnings per Share	$1.52	$0.60	$1.20
Adjusted Weighted Average Basic Shares Outstanding	43.27M	43.85M	44.43M
Adjusted Diluted Earnings per Share	$1.50	$0.59	$1.18
Adjusted Weighted Average Diluted Shares Outstanding	43.27M	43.85M	44.43M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	43.27M	43.85M	44.43M
Normalized Net Operating Profit after Tax (NOPAT)	165	136	150
Normalized NOPAT Margin	7.38%	6.21%	7.09%
Pre Tax Income Margin	3.77%	1.82%	3.61%
Debt Service Ratios	-	-	-
EBIT to Interest Expense	1.89	1.32	1.62
NOPAT to Interest Expense	1.39	0.84	1.08
EBIT Less CapEx to Interest Expense	0.79	0.51	0.85
NOPAT Less CapEx to Interest Expense	0.29	0.04	0.31
Payout Ratios	-	-	-
Dividend Payout Ratio	80.34%	203.32%	102.29%
Augmented Payout Ratio	80.34%	203.32%	102.29%

This table displays calculated financial ratios and metrics derived from Deluxe'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	4.30%	-1.15%	-1.92%	1.55%	-3.10%	-4.72%	-1.91%	-5.92%	-1.75%	-3.13%
EBITDA Growth	8.10%	5.78%	10.14%	2.94%	-22.91%	-2.21%	10.18%	4.22%	35.41%	-6.92%
EBIT Growth	15.51%	7.15%	11.17%	1.82%	-48.79%	7.95%	29.01%	11.17%	89.72%	-5.76%
NOPAT Growth	11.08%	89.62%	-39.04%	10.42%	-48.66%	-16.27%	101.84%	2.03%	82.86%	-4.08%
Net Income Growth	18.07%	37.46%	-71.28%	-25.78%	-153.91%	-21.01%	289.57%	24.97%	212.72%	-15.69%
EPS Growth	21.43%	37.50%	-72.73%	-26.00%	-152.94%	-22.73%	300.00%	24.32%	211.11%	-17.65%
Operating Cash Flow Growth	-21.69%	10.59%	-119.57%	42.51%	31.89%	22.53%	496.51%	-26.67%	0.49%	-27.92%
Free Cash Flow Firm Growth	103.16%	112.54%	100.16%	7.27%	122.97%	-260.65%	6,440.66%	-65.71%	-93.99%	143.79%
Invested Capital Growth	0.04%	-2.94%	0.65%	-0.50%	-2.41%	11.07%	-3.04%	1.12%	1.20%	-1.69%
Revenue Q/Q Growth	-1.41%	1.62%	-3.30%	4.83%	-5.92%	-0.09%	-0.45%	0.53%	-1.74%	-1.49%
EBITDA Q/Q Growth	-10.43%	14.84%	-16.75%	20.22%	-32.92%	45.68%	-15.37%	13.72%	-12.85%	0.14%
EBIT Q/Q Growth	-17.20%	5.82%	-22.70%	50.34%	-58.36%	123.09%	-7.62%	29.55%	-28.94%	10.81%
NOPAT Q/Q Growth	-15.80%	60.18%	-69.19%	165.75%	-60.85%	161.22%	-25.73%	34.34%	-29.83%	37.03%
Net Income Q/Q Growth	-33.20%	28.68%	-85.36%	489.96%	-148.52%	288.55%	-27.81%	89.26%	-56.24%	41.03%
EPS Q/Q Growth	-32.00%	29.41%	-86.36%	516.67%	-148.65%	288.89%	-29.41%	91.67%	-56.52%	40.00%
Operating Cash Flow Q/Q Growth	35.10%	32.95%	-109.85%	905.89%	25.03%	23.52%	-68.14%	49.05%	71.33%	-11.40%
Free Cash Flow Firm Q/Q Growth	-36.94%	260.89%	-98.65%	3,396.12%	31.07%	-360.02%	-57.96%	-81.67%	-77.03%	1,795.33%
Invested Capital Q/Q Growth	-0.26%	-8.22%	9.60%	-0.83%	-2.18%	4.45%	17.49%	3.43%	-2.10%	1.46%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	53.84%	53.44%	54.04%	52.78%	52.56%	52.76%	53.00%	53.70%	53.34%	52.30%
EBITDA Margin	17.31%	19.56%	16.84%	19.32%	13.77%	20.08%	18.92%	21.40%	18.98%	19.30%
Operating Margin	7.50%	8.05%	6.26%	9.47%	4.01%	9.48%	8.27%	11.03%	7.87%	9.04%
EBIT Margin	8.05%	8.38%	6.70%	9.61%	4.25%	9.50%	8.82%	11.36%	8.22%	9.24%
Profit (Net Income) Margin	2.66%	3.37%	0.51%	2.87%	-1.48%	2.79%	2.02%	3.81%	1.70%	2.43%
Tax Burden Percent	70.66%	103.75%	42.51%	71.24%	86.95%	77.38%	66.23%	66.34%	66.39%	80.37%
Interest Burden Percent	46.74%	38.71%	17.89%	41.89%	-39.99%	37.98%	34.67%	50.57%	31.12%	32.71%
Effective Tax Rate	29.34%	-3.75%	57.49%	28.76%	0.00%	22.62%	33.77%	33.66%	33.61%	19.63%
Return on Invested Capital (ROIC)	5.87%	9.91%	2.92%	7.45%	3.11%	8.21%	5.96%	7.74%	5.62%	7.54%
ROIC Less NNEP Spread (ROIC-NNEP)	4.86%	7.74%	2.11%	5.89%	1.47%	6.40%	4.64%	6.40%	4.27%	5.78%
Return on Net Nonoperating Assets (RNNOA)	12.10%	17.03%	5.17%	13.81%	3.42%	14.37%	10.82%	14.67%	9.74%	13.52%
Return on Equity (ROE)	17.98%	26.94%	8.09%	21.26%	6.53%	22.58%	16.78%	22.41%	15.36%	21.05%
Cash Return on Invested Capital (CROIC)	5.50%	9.96%	5.72%	7.17%	8.50%	-5.08%	8.98%	4.67%	5.61%	8.21%
Operating Return on Assets (OROA)	6.06%	6.10%	5.07%	7.33%	3.23%	6.76%	6.79%	8.73%	6.38%	6.63%
Return on Assets (ROA)	2.00%	2.45%	0.39%	2.19%	-1.12%	1.99%	1.56%	2.93%	1.32%	1.74%
Return on Common Equity (ROCE)	17.97%	26.92%	8.09%	21.25%	6.53%	22.56%	16.76%	22.39%	15.35%	21.04%
Return on Equity Simple (ROE_SIMPLE)	10.03%	0.00%	9.85%	8.63%	5.05%	0.00%	5.64%	6.19%	9.03%	0.00%
Net Operating Profit after Tax (NOPAT)	29	47	15	39	15	39	29	39	28	38
NOPAT Margin	5.30%	8.35%	2.66%	6.75%	2.81%	7.34%	5.47%	7.32%	5.22%	7.27%
Net Nonoperating Expense Percent (NNEP)	1.01%	2.17%	0.81%	1.56%	1.65%	1.80%	1.32%	1.33%	1.35%	1.76%
Return On Investment Capital (ROIC_SIMPLE)	-	2.09%	-	-	-	1.79%	-	-	-	1.78%
Cost of Revenue to Revenue	46.16%	46.56%	45.96%	47.22%	47.44%	47.24%	47.00%	46.30%	46.66%	47.70%
SG&A Expenses to Revenue	43.93%	42.57%	45.41%	42.92%	43.49%	42.65%	43.76%	43.48%	43.10%	41.01%
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	46.34%	45.39%	47.78%	43.31%	48.56%	43.28%	44.74%	42.67%	45.47%	43.26%
Earnings before Interest and Taxes (EBIT)	45	47	37	55	23	51	47	61	43	48
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	96	110	92	110	74	108	101	115	100	100
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.05	1.06	1.06	1.15	1.30	1.44	1.44	1.57	1.41	1.59
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	0.28	0.29	0.28	0.32	0.35	0.40	0.40	0.45	0.40	0.46
Price to Earnings (P/E)	10.53	9.76	10.78	13.37	25.81	33.41	25.60	25.47	15.62	18.64
Dividend Yield	8.16%	8.11%	8.23%	7.39%	6.74%	6.01%	5.99%	5.42%	6.16%	5.40%
Earnings Yield	9.50%	10.24%	9.27%	7.48%	3.87%	2.99%	3.91%	3.93%	6.40%	5.36%
Enterprise Value to Invested Capital (EV/IC)	1.02	1.02	1.02	1.05	1.09	1.13	1.14	1.17	1.12	1.18
Enterprise Value to Revenue (EV/Rev)	0.92	0.85	0.93	0.94	0.97	1.06	1.03	1.12	1.05	1.13
Enterprise Value to EBITDA (EV/EBITDA)	5.26	4.77	5.11	5.17	5.57	6.07	5.69	6.02	5.30	5.74
Enterprise Value to EBIT (EV/EBIT)	11.71	10.58	11.35	11.51	13.32	14.10	12.73	13.16	11.09	11.97
Enterprise Value to NOPAT (EV/NOPAT)	18.36	14.38	16.04	15.65	17.78	22.01	18.99	20.39	16.62	17.98
Enterprise Value to Operating Cash Flow (EV/OCF)	11.12	9.88	13.76	12.67	11.77	11.76	9.68	11.03	10.33	12.31
Enterprise Value to Free Cash Flow (EV/FCFF)	18.48	10.07	17.85	14.55	12.67	0.00	12.45	25.26	20.16	14.24
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	2.78	2.72	2.83	2.72	2.72	2.63	2.56	2.51	2.50	2.42
Long-Term Debt to Equity	2.67	2.60	2.70	2.58	2.58	2.49	2.53	2.44	2.38	2.36
Financial Leverage	2.49	2.20	2.46	2.35	2.33	2.24	2.33	2.29	2.28	2.34
Leverage Ratio	5.14	5.22	5.02	4.84	4.86	5.09	4.71	4.53	4.54	4.82
Compound Leverage Factor	2.40	2.02	0.90	2.03	-1.94	1.93	1.63	2.29	1.41	1.58
Debt to Total Capital	73.51%	73.13%	73.90%	73.10%	73.14%	72.49%	71.94%	71.52%	71.43%	70.77%
Short-Term Debt to Total Capital	2.84%	3.19%	3.45%	3.77%	3.86%	3.92%	0.99%	1.98%	3.35%	1.75%
Long-Term Debt to Total Capital	70.67%	69.94%	70.45%	69.32%	69.29%	68.57%	70.95%	69.54%	68.07%	69.02%
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	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.03%	0.03%	0.01%	0.01%
Common Equity to Total Capital	26.47%	26.85%	26.08%	26.88%	26.83%	27.49%	28.03%	28.46%	28.57%	29.22%
Debt to EBITDA	4.27	4.14	4.16	4.08	4.22	4.15	3.96	3.91	3.61	3.60
Net Debt to EBITDA	3.64	3.16	3.55	3.44	3.56	3.80	3.47	3.57	3.27	3.38
Long-Term Debt to EBITDA	4.11	3.96	3.96	3.87	4.00	3.92	3.91	3.80	3.44	3.52
Debt to NOPAT	14.92	12.49	13.05	12.36	13.48	15.03	13.21	13.26	11.32	11.30
Net Debt to NOPAT	12.70	9.53	11.15	10.42	11.36	13.77	11.57	12.10	10.25	10.58
Long-Term Debt to NOPAT	14.34	11.95	12.44	11.72	12.76	14.22	13.03	12.89	10.79	11.02
Altman Z-Score	1.20	1.15	1.19	1.25	1.22	1.18	1.35	1.42	1.37	1.31
Noncontrolling Interest Sharing Ratio	0.05%	0.06%	0.06%	0.07%	0.07%	0.08%	0.08%	0.09%	0.05%	0.06%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.94	0.94	0.96	0.96	0.91	0.93	0.97	0.97	0.92	0.98
Quick Ratio	0.41	0.33	0.43	0.44	0.42	0.32	0.44	0.49	0.50	0.33
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	29	103	1.39	49	64	-166	91	17	3.84	73
Operating Cash Flow to CapEx	181.62%	218.70%	-26.28%	177.85%	271.31%	418.60%	130.08%	140.62%	321.03%	244.43%
Free Cash Flow to Firm to Interest Expense	1.20	3.57	0.05	1.53	1.99	-5.25	2.96	0.55	0.13	2.25
Operating Cash Flow to Interest Expense	2.15	2.35	-0.22	1.69	2.11	2.64	0.86	1.31	2.27	1.86
Operating Cash Flow Less CapEx to Interest Expense	0.97	1.28	-1.07	0.74	1.33	2.01	0.20	0.38	1.56	1.10
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.75	0.73	0.76	0.76	0.76	0.71	0.77	0.77	0.78	0.72
Accounts Receivable Turnover	12.14	11.06	10.97	11.21	11.12	11.03	11.10	11.09	11.37	11.62
Inventory Turnover	25.42	23.67	23.37	22.50	21.97	21.82	22.26	21.72	22.53	25.36
Fixed Asset Turnover	17.80	17.84	17.84	17.56	18.22	18.16	18.45	17.95	18.46	18.60
Accounts Payable Turnover	7.14	6.66	6.79	6.44	6.67	6.60	6.49	6.03	6.17	6.23
Days Sales Outstanding (DSO)	30.06	32.99	33.28	32.55	32.83	33.10	32.89	32.92	32.11	31.40
Days Inventory Outstanding (DIO)	14.36	15.42	15.62	16.22	16.61	16.73	16.40	16.80	16.20	14.39
Days Payable Outstanding (DPO)	51.09	54.84	53.74	56.65	54.76	55.29	56.21	60.55	59.12	58.63
Cash Conversion Cycle (CCC)	-6.67	-6.43	-4.83	-7.87	-5.32	-5.46	-6.93	-10.83	-10.81	-12.84
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	2,024	1,858	2,036	2,020	1,976	2,064	1,974	2,042	1,999	2,029
Invested Capital Turnover	1.11	1.19	1.10	1.10	1.11	1.12	1.09	1.06	1.08	1.04
Increase / (Decrease) in Invested Capital	0.74	-56	13	-10	-49	206	-62	23	24	-35
Enterprise Value (EV)	2,056	1,893	2,072	2,112	2,154	2,332	2,241	2,397	2,248	2,392
Market Capitalization	634	639	631	706	777	873	875	974	862	984
Book Value per Share	$13.97	$14.00	$13.76	$14.11	$13.73	$13.83	$13.80	$14.07	$13.86	$14.02
Tangible Book Value per Share	($30.31)	($29.83)	($29.37)	($28.70)	($28.48)	($27.88)	($27.17)	($26.53)	($25.99)	($25.59)
Total Capital	2,273	2,249	2,282	2,281	2,232	2,197	2,168	2,178	2,144	2,124
Total Debt	1,671	1,644	1,687	1,667	1,632	1,593	1,560	1,558	1,532	1,503
Total Long-Term Debt	1,606	1,573	1,608	1,581	1,546	1,507	1,539	1,515	1,460	1,466
Net Debt	1,422	1,254	1,441	1,406	1,376	1,459	1,366	1,422	1,387	1,408
Capital Expenditures (CapEx)	28	31	26	30	25	20	20	28	21	25
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-172	-319	-128	-131	-159	-44	-125	-44	-46	-11
Debt-free Net Working Capital (DFNWC)	29	23	54	64	35	28	7.14	30	37	23
Net Working Capital (NWC)	-35	-48	-24	-22	-51	-58	-14	-13	-35	-14
Net Nonoperating Expense (NNE)	15	28	12	22	23	24	18	19	19	25
Net Nonoperating Obligations (NNO)	1,422	1,254	1,441	1,406	1,376	1,459	1,366	1,422	1,387	1,408
Total Depreciation and Amortization (D&A)	51	63	55	55	51	57	54	54	57	52
Debt-free, Cash-free Net Working Capital to Revenue	-7.66%	-14.27%	-5.73%	-5.87%	-7.16%	-2.00%	-5.71%	-2.04%	-2.14%	-0.53%
Debt-free Net Working Capital to Revenue	1.30%	1.05%	2.44%	2.84%	1.59%	1.28%	0.33%	1.40%	1.72%	1.10%
Net Working Capital to Revenue	-1.58%	-2.16%	-1.10%	-1.00%	-2.29%	-2.65%	-0.66%	-0.61%	-1.64%	-0.65%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.34	$0.44	$0.06	$0.38	($0.18)	$0.34	$0.25	$0.46	$0.20	$0.29
Adjusted Weighted Average Basic Shares Outstanding	43.14M	43.27M	43.46M	43.62M	43.69M	43.85M	44.05M	44.21M	44.27M	44.43M
Adjusted Diluted Earnings per Share	$0.34	$0.44	$0.06	$0.37	($0.18)	$0.34	$0.24	$0.46	$0.20	$0.28
Adjusted Weighted Average Diluted Shares Outstanding	43.14M	43.27M	43.46M	43.62M	43.69M	43.85M	44.05M	44.21M	44.27M	44.43M
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	43.14M	43.27M	43.46M	43.62M	43.69M	43.85M	44.05M	44.21M	44.27M	44.43M
Normalized Net Operating Profit after Tax (NOPAT)	39	43	33	40	34	42	33	36	36	46
Normalized NOPAT Margin	7.00%	7.61%	6.04%	7.03%	6.35%	7.82%	6.12%	6.78%	6.80%	8.91%
Pre Tax Income Margin	3.76%	3.25%	1.20%	4.03%	-1.70%	3.61%	3.06%	5.75%	2.56%	3.02%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	1.88	1.63	1.22	1.72	0.71	1.61	1.53	2.02	1.45	1.49
NOPAT to Interest Expense	1.24	1.63	0.48	1.21	0.47	1.25	0.95	1.30	0.92	1.17
EBIT Less CapEx to Interest Expense	0.69	0.56	0.37	0.77	-0.06	0.98	0.87	1.09	0.74	0.73
NOPAT Less CapEx to Interest Expense	0.05	0.55	-0.37	0.26	-0.31	0.62	0.29	0.37	0.22	0.41
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	87.11%	80.34%	90.31%	99.95%	175.97%	203.32%	156.56%	140.57%	97.67%	102.29%
Augmented Payout Ratio	87.11%	80.34%	90.31%	99.95%	175.97%	203.32%	156.56%	140.57%	97.67%	102.29%

Frequently Asked Questions About Deluxe's Financials

When does Deluxe's financial year end?

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

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

Deluxe's net income appears to be on a downward trend, with a most recent value of $52.95 million in 2024, falling from $65.53 million in 2022. The previous period was $26.23 million in 2023.

What is Deluxe's operating income?

Deluxe's total operating income in 2024 was $192.18 million, based on the following breakdown:

Total Gross Profit: $1.13 billion
Total Operating Expenses: $934.27 million

How has Deluxe revenue changed over the last 2 years?

Over the last 2 years, Deluxe's total revenue changed from $2.24 billion in 2022 to $2.12 billion in 2024, a change of -5.2%.

How much debt does Deluxe have?

Deluxe's total liabilities were at $2.21 billion at the end of 2024, a 10.7% decrease from 2023, and a 10.6% decrease since 2022.

How much cash does Deluxe have?

In the past 2 years, Deluxe's cash and equivalents has ranged from $34.40 million in 2024 to $71.96 million in 2023, and is currently $34.40 million as of their latest financial filing in 2024.

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

Over the last 2 years, Deluxe's book value per share changed from 14.00 in 2022 to 14.02 in 2024, a change of 0.2%.

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

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Deluxe (DLX) Financials

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Deluxe (DLX) Financials

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