Emerald (EEX) Financials

$3.60 +0.03 (+0.70%)

Closing price 04/17/2025 03:59 PM Eastern

Extended Trading

$3.60 0.00 (0.00%)

As of 04/17/2025 04:05 PM Eastern

Annual Income Statements for Emerald

This table shows Emerald'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	92	-50	-11
Consolidated Net Income / (Loss)	131	-8.00	2.20
Net Income / (Loss) Continuing Operations	131	-8.00	2.20
Total Pre-Tax Income	158	-2.90	7.50
Total Operating Income	180	35	47
Total Gross Profit	209	245	399
Total Revenue	326	383	399
Operating Revenue	326	383	399
Total Cost of Revenue	117	138	0.00
Total Operating Expenses	30	211	352
Selling, General & Admin Expense	145	168	170
Depreciation Expense	60	45	28
Other Operating Expenses / (Income)	-183	-2.80	146
Impairment Charge	7.90	0.00	7.30
Other Special Charges / (Income)	0.00	0.20	0.00
Total Other Income / (Expense), net	-22	-37	-39
Interest Expense	25	46	48
Interest & Investment Income	2.70	8.20	8.50
Other Income / (Expense), net	0.00	0.00	0.00
Income Tax Expense	27	5.30	5.30
Preferred Stock Dividends Declared	39	42	13
Basic Earnings per Share	$0.46	($0.78)	($0.07)
Weighted Average Basic Shares Outstanding	69.00M	63.96M	156.59M
Diluted Earnings per Share	$0.46	($0.78)	($0.07)
Weighted Average Diluted Shares Outstanding	69.15M	63.96M	156.59M
Weighted Average Basic & Diluted Shares Outstanding	67.88M	63.03M	200.05M

This table shows Emerald'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	83	12	-3.00	-19	0.00	-29	0.30	-4.80	-11	5.10
Consolidated Net Income / (Loss)	93	22	7.10	-8.10	11	-18	11	-2.80	-11	5.10
Net Income / (Loss) Continuing Operations	93	22	7.10	-8.10	11	-18	11	-2.80	-11	5.10
Total Pre-Tax Income	121	19	9.80	-13	-12	11	15	-3.50	-15	11
Total Operating Income	127	27	17	-1.00	-1.00	20	24	6.40	-4.70	21
Total Gross Profit	40	34	122	87	73	-36	86	86	73	154
Total Revenue	62	94	122	87	73	102	133	86	73	107
Operating Revenue	62	94	122	87	73	102	133	86	73	107
Total Cost of Revenue	23	60	0.00	0.00	0.00	138	48	0.00	0.00	-48
Total Operating Expenses	-88	7.50	106	88	74	-56	62	80	77	134
Selling, General & Admin Expense	49	17	49	42	42	36	56	40	41	35
Depreciation Expense	15	17	14	13	8.80	9.80	7.10	7.00	7.10	7.10
Other Operating Expenses / (Income)	-151	-26	43	33	23	-102	-1.00	33	23	91
Total Other Income / (Expense), net	-6.10	-7.20	-7.00	-12	-11	-8.30	-9.80	-9.90	-10	-9.50
Interest Expense	6.80	9.00	8.00	14	12	12	12	12	12	11
Interest & Investment Income	0.80	1.70	1.10	2.30	1.60	3.20	2.30	2.10	2.20	1.90
Income Tax Expense	28	-3.10	2.70	-4.40	-22	29	3.50	-0.70	-3.70	6.20
Basic Earnings per Share	$0.42	$0.15	($0.04)	($0.29)	$0.00	($0.45)	$0.00	($0.03)	($0.05)	$0.01
Weighted Average Basic Shares Outstanding	68.43M	69.00M	67.28M	62.87M	63.59M	63.96M	63.04M	155.92M	203.89M	156.59M
Diluted Earnings per Share	$0.41	$0.16	($0.04)	($0.29)	$0.00	($0.45)	$0.00	($0.03)	($0.05)	$0.01
Weighted Average Diluted Shares Outstanding	68.64M	69.15M	67.28M	62.87M	63.59M	63.96M	65.21M	155.92M	203.89M	156.59M
Weighted Average Basic & Diluted Shares Outstanding	67.61M	67.88M	62.87M	62.88M	62.89M	63.03M	203.84M	203.93M	202.98M	200.05M

This table details how cash moves in and out of Emerald'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	7.90	-35	-9.40
Net Cash From Operating Activities	175	40	47
Net Cash From Continuing Operating Activities	175	40	47
Net Income / (Loss) Continuing Operations	131	-8.20	2.20
Consolidated Net Income / (Loss)	131	-8.20	2.20
Depreciation Expense	60	45	28
Amortization Expense	1.70	3.00	4.30
Non-Cash Adjustments To Reconcile Net Income	-13	12	15
Changes in Operating Assets and Liabilities, net	-4.10	-11	-2.90
Net Cash From Investing Activities	-48	-21	-25
Net Cash From Continuing Investing Activities	-48	-21	-25
Purchase of Property, Plant & Equipment	-1.80	-0.60	-1.30
Acquisitions	-46	-20	-25
Purchase of Investments	-50	0.00	0.00
Sale and/or Maturity of Investments	50	0.00	0.00
Other Investing Activities, net	0.00	0.00	1.00
Net Cash From Financing Activities	-119	-54	-31
Net Cash From Continuing Financing Activities	-119	-54	-31
Repayment of Debt	-105	-244	-4.20
Repurchase of Common Equity	-10	-17	-14
Payment of Dividends	0.00	-17	-15
Issuance of Debt	0.00	239	0.00
Issuance of Common Equity	0.10	0.20	1.50
Other Financing Activities, net	-4.40	-16	0.00
Cash Interest Paid	23	38	44
Cash Income Taxes Paid	26	6.90	4.60

This table details how cash moves in and out of Emerald'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	184	-127	-22	-13	-4.40	3.90	-17	6.40	-4.30	5.90
Net Cash From Operating Activities	154	-24	8.90	7.30	8.50	16	7.30	9.80	9.10	21
Net Cash From Continuing Operating Activities	154	-24	8.90	7.30	8.50	16	7.30	9.80	9.10	21
Net Income / (Loss) Continuing Operations	93	22	7.10	-8.10	11	-18	11	-2.80	-11	5.10
Consolidated Net Income / (Loss)	93	22	7.10	-8.10	11	-18	11	-2.80	-11	5.10
Depreciation Expense	15	17	14	13	8.80	9.80	7.10	7.00	7.10	7.10
Amortization Expense	0.40	0.70	0.40	0.50	1.00	1.10	1.10	1.10	1.10	1.00
Non-Cash Adjustments To Reconcile Net Income	-0.80	-20	3.10	4.20	0.90	3.60	4.80	-0.10	7.90	2.30
Changes in Operating Assets and Liabilities, net	46	-43	-15	-2.20	-13	19	-17	4.60	4.10	5.10
Net Cash From Investing Activities	38	-2.80	-13	-2.70	-3.00	-2.10	-14	-2.80	-5.90	-2.20
Net Cash From Continuing Investing Activities	38	-2.80	-13	-2.70	-3.00	-2.10	-14	-2.80	-5.90	-2.20
Purchase of Property, Plant & Equipment	-0.40	-0.30	-0.30	-0.20	-	-0.10	-0.30	-0.20	-0.10	-0.70
Acquisitions	-11	-2.50	-13	-2.50	-3.00	-2.00	-14	-3.60	-5.80	-1.50
Net Cash From Financing Activities	-7.30	-101	-18	-17	-9.90	-9.60	-11	-0.60	-7.50	-13
Net Cash From Continuing Financing Activities	-7.30	-101	-18	-17	-9.90	-9.60	-11	-0.60	-7.50	-13
Repayment of Debt	-1.40	-100	-0.60	-240	-1.40	-1.10	-1.10	-1.00	-1.00	-1.10
Repurchase of Common Equity	-5.90	-0.20	-17	-	-	-	-1.80	-	-3.60	-8.40
Payment of Dividends	-	-	0.00	-	-8.60	-8.60	-8.60	-	-3.10	-3.00

This table presents Emerald'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	1,098	1,054	1,049
Total Current Assets	332	311	307
Cash & Equivalents	239	204	195
Accounts Receivable	75	85	83
Prepaid Expenses	18	22	30
Plant, Property, & Equipment, net	2.20	1.50	1.80
Total Noncurrent Assets	764	742	740
Goodwill	546	554	574
Intangible Assets	205	175	156
Other Noncurrent Operating Assets	14	13	10
Total Liabilities & Shareholders' Equity	1,098	1,054	1,049
Total Liabilities	659	649	663
Total Current Liabilities	222	230	241
Short-Term Debt	0.00	4.20	4.20
Accounts Payable	58	47	41
Current Deferred Revenue	151	174	191
Current Deferred & Payable Income Tax Liabilities	1.20	0.20	0.00
Other Current Liabilities	12	4.80	5.90
Total Noncurrent Liabilities	437	419	422
Long-Term Debt	414	399	399
Noncurrent Deferred & Payable Income Tax Liabilities	1.80	3.10	4.90
Other Noncurrent Operating Liabilities	21	17	18
Commitments & Contingencies	0.00	0.00	0.00
Redeemable Noncontrolling Interest	472	497	0.00
Total Equity & Noncontrolling Interests	-33	-93	386
Total Preferred & Common Equity	-33	-93	386
Total Common Equity	-33	-93	386
Common Stock	611	560	1,036
Retained Earnings	-644	-652	-650

This table presents Emerald'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	1,251	1,101	1,073	1,081	1,080	1,063	1,060
Total Current Assets	468	333	315	328	326	311	312
Cash & Equivalents	366	217	205	200	187	193	189
Accounts Receivable	83	105	92	79	123	94	86
Prepaid Expenses	19	11	18	49	17	24	37
Plant, Property, & Equipment, net	4.00	2.00	1.90	1.70	1.60	1.50	1.70
Total Noncurrent Assets	779	766	757	751	752	750	746
Goodwill	546	554	554	554	566	568	573
Intangible Assets	217	198	188	183	175	171	162
Other Noncurrent Operating Assets	17	13	15	14	12	11	10
Total Liabilities & Shareholders' Equity	1,251	1,101	1,073	1,081	1,080	1,063	1,060
Total Liabilities	835	669	648	652	672	655	669
Total Current Liabilities	303	230	226	232	247	233	247
Short-Term Debt	5.70	-	4.20	4.20	4.20	4.20	4.20
Accounts Payable	65	55	50	46	61	48	46
Current Deferred Revenue	167	162	162	176	175	176	190
Current Deferred & Payable Income Tax Liabilities	28	2.30	1.10	0.00	1.90	0.00	0.00
Other Current Liabilities	38	11	7.60	5.30	4.90	5.10	5.80
Total Noncurrent Liabilities	531	439	422	420	425	422	422
Long-Term Debt	508	414	399	399	399	399	399
Noncurrent Deferred & Payable Income Tax Liabilities	2.00	2.80	2.60	2.40	5.50	5.70	5.70
Other Noncurrent Operating Liabilities	22	22	21	19	20	18	18
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Redeemable Noncontrolling Interest	462	483	493	495	499	0.00	0.00
Total Equity & Noncontrolling Interests	-46	-51	-68	-66	-91	408	391
Total Preferred & Common Equity	-46	-51	-68	-66	-91	408	391
Total Common Equity	-46	-51	-68	-66	-91	408	391
Common Stock	620	586	578	569	551	1,052	1,046
Retained Earnings	-667	-637	-645	-634	-641	-644	-655

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

Metric	2022	2023	2024
Growth Metrics	-	-	-
Revenue Growth	123.99%	17.46%	4.18%
EBITDA Growth	1,635.03%	-65.68%	-3.99%
EBIT Growth	377.47%	-80.70%	34.87%
NOPAT Growth	428.65%	-83.68%	-43.48%
Net Income Growth	264.12%	-106.12%	127.50%
EPS Growth	128.40%	-269.57%	91.03%
Operating Cash Flow Growth	94.56%	-76.98%	16.13%
Free Cash Flow Firm Growth	668.82%	-73.63%	-33.80%
Invested Capital Growth	2.64%	-1.76%	-1.57%
Revenue Q/Q Growth	19.20%	2.11%	1.35%
EBITDA Q/Q Growth	18.89%	-13.31%	-2.70%
EBIT Q/Q Growth	22.48%	-15.57%	1.30%
NOPAT Q/Q Growth	30.34%	-90.84%	110.93%
Net Income Q/Q Growth	31.46%	-124.92%	110.58%
EPS Q/Q Growth	1,433.33%	-358.82%	86.79%
Operating Cash Flow Q/Q Growth	-30.63%	3,563.64%	11.96%
Free Cash Flow Firm Q/Q Growth	54.88%	-82.16%	123.53%
Invested Capital Q/Q Growth	8.98%	-4.53%	-1.85%
Profitability Metrics	-	-	-
Gross Margin	64.25%	64.05%	100.00%
EBITDA Margin	73.95%	21.60%	19.91%
Operating Margin	55.17%	9.06%	11.74%
EBIT Margin	55.17%	9.06%	11.74%
Profit (Net Income) Margin	40.14%	-2.09%	0.55%
Tax Burden Percent	82.78%	275.86%	29.33%
Interest Burden Percent	87.88%	-8.36%	16.03%
Effective Tax Rate	17.22%	0.00%	70.67%
Return on Invested Capital (ROIC)	24.55%	3.99%	2.29%
ROIC Less NNEP Spread (ROIC-NNEP)	16.71%	-13.30%	-3.38%
Return on Net Nonoperating Assets (RNNOA)	10.22%	-5.89%	-1.74%
Return on Equity (ROE)	34.78%	-1.90%	0.56%
Cash Return on Invested Capital (CROIC)	21.95%	5.76%	3.88%
Operating Return on Assets (OROA)	16.64%	3.22%	4.45%
Return on Assets (ROA)	12.11%	-0.74%	0.21%
Return on Common Equity (ROCE)	-7.12%	0.28%	0.21%
Return on Equity Simple (ROE_SIMPLE)	-395.17%	8.65%	0.57%
Net Operating Profit after Tax (NOPAT)	149	24	14
NOPAT Margin	45.67%	6.35%	3.44%
Net Nonoperating Expense Percent (NNEP)	7.84%	17.29%	5.67%
Return On Investment Capital (ROIC_SIMPLE)	39.09%	7.83%	1.74%
Cost of Revenue to Revenue	35.75%	35.95%	0.00%
SG&A Expenses to Revenue	44.49%	43.97%	42.73%
R&D to Revenue	0.00%	0.00%	0.00%
Operating Expenses to Revenue	9.08%	55.04%	88.26%
Earnings before Interest and Taxes (EBIT)	180	35	47
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	241	83	79
Valuation Ratios	-	-	-
Price to Book Value (P/BV)	0.00	0.00	2.53
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00
Price to Revenue (P/Rev)	0.73	0.97	2.44
Price to Earnings (P/E)	2.58	0.00	0.00
Dividend Yield	0.00%	0.00%	0.62%
Earnings Yield	38.83%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	1.44	1.77	1.99
Enterprise Value to Revenue (EV/Rev)	2.71	2.79	2.97
Enterprise Value to EBITDA (EV/EBITDA)	3.67	12.92	14.89
Enterprise Value to EBIT (EV/EBIT)	4.92	30.78	25.27
Enterprise Value to NOPAT (EV/NOPAT)	5.94	43.98	86.14
Enterprise Value to Operating Cash Flow (EV/OCF)	5.05	26.51	25.27
Enterprise Value to Free Cash Flow (EV/FCFF)	6.65	30.44	50.91
Leverage & Solvency	-	-	-
Debt to Equity	0.94	1.00	1.04
Long-Term Debt to Equity	0.94	0.99	1.03
Financial Leverage	0.61	0.44	0.51
Leverage Ratio	2.87	2.55	2.66
Compound Leverage Factor	2.52	-0.21	0.43
Debt to Total Capital	48.51%	49.89%	51.07%
Short-Term Debt to Total Capital	0.00%	0.52%	0.53%
Long-Term Debt to Total Capital	48.51%	49.37%	50.53%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	55.37%	61.56%	0.00%
Common Equity to Total Capital	-3.88%	-11.46%	48.93%
Debt to EBITDA	1.72	4.87	5.07
Net Debt to EBITDA	0.73	2.40	2.62
Long-Term Debt to EBITDA	1.72	4.82	5.02
Debt to NOPAT	2.78	16.59	29.33
Net Debt to NOPAT	1.17	8.18	15.14
Long-Term Debt to NOPAT	2.78	16.41	29.03
Altman Z-Score	0.35	0.04	0.62
Noncontrolling Interest Sharing Ratio	120.49%	114.88%	62.88%
Liquidity Ratios	-	-	-
Current Ratio	1.49	1.35	1.27
Quick Ratio	1.41	1.26	1.15
Cash Flow Metrics	-	-	-
Free Cash Flow to Firm (FCFF)	133	35	23
Operating Cash Flow to CapEx	9,727.78%	6,716.67%	3,600.00%
Free Cash Flow to Firm to Interest Expense	5.43	0.77	0.49
Operating Cash Flow to Interest Expense	7.15	0.88	0.98
Operating Cash Flow Less CapEx to Interest Expense	7.07	0.87	0.95
Efficiency Ratios	-	-	-
Asset Turnover	0.30	0.36	0.38
Accounts Receivable Turnover	5.37	4.78	4.76
Inventory Turnover	0.00	0.00	0.00
Fixed Asset Turnover	110.47	206.92	241.70
Accounts Payable Turnover	2.19	2.63	0.00
Days Sales Outstanding (DSO)	67.93	76.33	76.74
Days Inventory Outstanding (DIO)	0.00	0.00	0.00
Days Payable Outstanding (DPO)	166.68	138.86	0.00
Cash Conversion Cycle (CCC)	-98.75	-62.54	76.74
Capital & Investment Metrics	-	-	-
Invested Capital	614	603	594
Invested Capital Turnover	0.54	0.63	0.67
Increase / (Decrease) in Invested Capital	16	-11	-9.50
Enterprise Value (EV)	884	1,068	1,183
Market Capitalization	237	372	975
Book Value per Share	($0.49)	($1.47)	$1.90
Tangible Book Value per Share	($11.59)	($13.06)	($1.69)
Total Capital	853	808	789
Total Debt	414	403	403
Total Long-Term Debt	414	399	399
Net Debt	175	199	208
Capital Expenditures (CapEx)	1.80	0.60	1.30
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-130	-119	-125
Debt-free Net Working Capital (DFNWC)	110	85	70
Net Working Capital (NWC)	110	81	66
Net Nonoperating Expense (NNE)	18	32	12
Net Nonoperating Obligations (NNO)	175	199	208
Total Depreciation and Amortization (D&A)	61	48	33
Debt-free, Cash-free Net Working Capital to Revenue	-39.74%	-31.14%	-31.34%
Debt-free Net Working Capital to Revenue	33.63%	22.20%	17.50%
Net Working Capital to Revenue	33.63%	21.11%	16.45%
Earnings Adjustments	-	-	-
Adjusted Basic Earnings per Share	$0.46	($0.78)	($0.07)
Adjusted Weighted Average Basic Shares Outstanding	69.00M	63.96M	156.59M
Adjusted Diluted Earnings per Share	$0.46	($0.78)	($0.07)
Adjusted Weighted Average Diluted Shares Outstanding	69.15M	63.96M	156.59M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	67.88M	63.03M	200.05M
Normalized Net Operating Profit after Tax (NOPAT)	155	24	38
Normalized NOPAT Margin	47.68%	6.38%	9.50%
Pre Tax Income Margin	48.48%	-0.76%	1.88%
Debt Service Ratios	-	-	-
EBIT to Interest Expense	7.34	0.76	0.98
NOPAT to Interest Expense	6.08	0.53	0.29
EBIT Less CapEx to Interest Expense	7.27	0.75	0.95
NOPAT Less CapEx to Interest Expense	6.00	0.52	0.26
Payout Ratios	-	-	-
Dividend Payout Ratio	0.00%	-215.00%	668.18%
Augmented Payout Ratio	7.95%	-426.25%	1,295.45%

This table displays calculated financial ratios and metrics derived from Emerald'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	-18.43%	127.74%	24.16%	21.15%	16.19%	8.44%	9.08%	-0.58%	0.14%	5.22%
EBITDA Growth	2,535.19%	711.11%	-9.47%	-41.71%	-93.89%	-29.00%	6.21%	17.89%	-59.77%	-7.07%
EBIT Growth	1,891.55%	509.23%	-13.02%	-116.18%	-100.86%	-24.06%	45.51%	681.82%	-327.27%	2.97%
NOPAT Growth	2,065.41%	775.97%	-39.76%	67.65%	-100.72%	-201.59%	51.46%	740.00%	-370.00%	130.04%
Net Income Growth	1,133.33%	351.69%	-55.90%	-1,057.14%	-88.49%	-179.02%	54.93%	65.43%	-203.74%	128.81%
EPS Growth	264.00%	159.26%	-200.00%	-93.33%	-100.00%	-381.25%	100.00%	89.66%	0.00%	102.22%
Operating Cash Flow Growth	1,498.96%	-143.95%	-73.03%	-40.16%	-94.46%	166.10%	-17.98%	34.25%	7.06%	32.05%
Free Cash Flow Firm Growth	-32.20%	-13.80%	-154.05%	97.21%	-199.60%	-236.71%	271.43%	622.86%	134.17%	192.38%
Invested Capital Growth	5.29%	2.64%	4.18%	0.23%	12.14%	-1.76%	-0.62%	-1.04%	-4.26%	-1.57%
Revenue Q/Q Growth	-12.61%	50.00%	30.66%	-29.27%	-16.19%	40.00%	31.43%	-35.53%	-15.58%	47.11%
EBITDA Q/Q Growth	574.41%	-69.22%	-30.14%	-59.80%	-29.27%	257.47%	4.50%	-55.38%	-75.86%	725.71%
EBIT Q/Q Growth	1,770.59%	-79.09%	-37.22%	-106.59%	0.00%	1,936.36%	20.30%	-73.66%	-173.44%	542.55%
NOPAT Q/Q Growth	4,614.65%	-68.51%	-60.43%	-105.75%	0.00%	-4,363.78%	159.00%	-75.70%	-173.44%	385.34%
Net Income Q/Q Growth	13,385.71%	-75.91%	-68.30%	-214.08%	232.10%	-265.42%	161.45%	-125.45%	-296.43%	145.95%
EPS Q/Q Growth	373.33%	-60.98%	-125.00%	-625.00%	100.00%	0.00%	100.00%	0.00%	-66.67%	120.00%
Operating Cash Flow Q/Q Growth	1,158.20%	-115.37%	137.71%	-17.98%	16.44%	83.53%	-53.21%	34.25%	-7.14%	126.37%
Free Cash Flow Firm Q/Q Growth	192.18%	-78.44%	-187.11%	83.88%	-3,190.48%	70.41%	209.23%	-50.84%	115.03%	-20.00%
Invested Capital Q/Q Growth	-9.45%	8.98%	2.34%	-0.76%	1.31%	-4.53%	3.53%	-1.18%	-1.98%	-1.85%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	63.62%	36.32%	100.00%	100.00%	100.00%	-35.57%	64.39%	100.00%	100.00%	144.48%
EBITDA Margin	228.04%	46.79%	25.02%	14.22%	12.00%	30.64%	24.36%	16.86%	4.82%	27.06%
Operating Margin	204.01%	28.31%	13.74%	-1.16%	-1.38%	19.61%	18.22%	7.44%	-6.47%	19.48%
EBIT Margin	203.85%	28.42%	13.65%	-1.27%	-1.52%	19.90%	18.22%	7.44%	-6.47%	19.48%
Profit (Net Income) Margin	149.04%	23.93%	5.81%	-9.36%	14.76%	-17.44%	8.25%	-3.26%	-15.29%	4.78%
Tax Burden Percent	76.73%	116.06%	72.45%	64.80%	-92.24%	-155.26%	75.86%	80.00%	75.00%	45.13%
Interest Burden Percent	95.28%	72.56%	58.68%	1,136.36%	1,054.55%	56.44%	59.67%	-54.69%	314.89%	54.33%
Effective Tax Rate	23.27%	-16.06%	27.55%	0.00%	0.00%	257.02%	24.14%	0.00%	0.00%	54.87%
Return on Invested Capital (ROIC)	77.91%	17.67%	5.65%	-0.47%	-0.61%	-19.36%	8.69%	3.30%	-2.88%	5.86%
ROIC Less NNEP Spread (ROIC-NNEP)	75.32%	14.03%	3.49%	-3.48%	5.91%	-12.11%	5.09%	-0.27%	-6.63%	3.75%
Return on Net Nonoperating Assets (RNNOA)	36.90%	8.59%	2.15%	-2.28%	2.45%	-5.36%	2.50%	-0.13%	-3.37%	1.93%
Return on Equity (ROE)	114.81%	26.25%	7.81%	-2.75%	1.84%	-24.72%	11.19%	3.17%	-6.25%	7.78%
Cash Return on Invested Capital (CROIC)	15.64%	21.95%	18.91%	22.38%	32.92%	5.76%	-15.47%	1.79%	-15.96%	3.88%
Operating Return on Assets (OROA)	48.87%	8.57%	4.31%	-0.42%	-0.49%	7.08%	6.58%	2.74%	-2.38%	7.39%
Return on Assets (ROA)	35.73%	7.22%	1.83%	-3.12%	4.75%	-6.20%	2.98%	-1.20%	-5.62%	1.81%
Return on Common Equity (ROCE)	-23.29%	-5.38%	-1.68%	0.70%	-0.24%	3.68%	-1.89%	1.30%	-2.48%	2.89%
Return on Equity Simple (ROE_SIMPLE)	-215.84%	0.00%	-239.29%	-169.48%	-48.86%	0.00%	4.74%	0.25%	-5.32%	0.00%
Net Operating Profit after Tax (NOPAT)	98	31	12	-0.70	-0.70	-31	18	4.48	-3.29	9.39
NOPAT Margin	156.54%	32.86%	9.95%	-0.81%	-0.97%	-30.78%	13.82%	5.21%	-4.53%	8.79%
Net Nonoperating Expense Percent (NNEP)	2.59%	3.63%	2.16%	3.00%	-6.52%	-7.25%	3.60%	3.57%	3.75%	2.11%
Return On Investment Capital (ROIC_SIMPLE)	-	8.08%	-	-	-	-10.07%	-	-	-	1.19%
Cost of Revenue to Revenue	36.38%	63.68%	0.00%	0.00%	0.00%	135.57%	35.61%	0.00%	0.00%	-44.48%
SG&A Expenses to Revenue	78.04%	18.59%	39.90%	48.32%	57.38%	35.57%	41.60%	45.93%	56.20%	32.40%
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	-140.38%	8.01%	86.26%	101.16%	101.38%	-54.98%	46.18%	92.56%	106.47%	125.00%
Earnings before Interest and Taxes (EBIT)	127	27	17	-1.10	-1.10	20	24	6.40	-4.70	21
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	142	44	31	12	8.70	31	33	15	3.50	29
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	2.84	2.60	2.53
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)	0.85	0.73	0.72	0.70	0.76	0.97	1.09	2.94	2.59	2.44
Price to Earnings (P/E)	3.79	2.58	3.07	3.48	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%	0.30%	0.62%
Earnings Yield	26.40%	38.83%	32.61%	28.75%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	1.50	1.44	1.48	1.52	1.55	1.77	1.83	2.21	2.04	1.99
Enterprise Value to Revenue (EV/Rev)	3.08	2.71	2.66	2.60	2.62	2.79	2.90	3.47	3.13	2.97
Enterprise Value to EBITDA (EV/EBITDA)	4.16	3.67	3.92	4.14	10.28	12.92	13.51	15.74	15.09	14.89
Enterprise Value to EBIT (EV/EBIT)	5.74	4.92	5.25	5.60	23.87	30.78	27.03	27.43	26.66	25.27
Enterprise Value to NOPAT (EV/NOPAT)	7.38	5.94	6.57	6.73	3.70	43.98	0.00	297.45	0.00	86.14
Enterprise Value to Operating Cash Flow (EV/OCF)	3.34	5.05	6.17	6.49	891.80	26.51	29.54	33.16	29.46	25.27
Enterprise Value to Free Cash Flow (EV/FCFF)	9.81	6.65	7.99	6.80	4.99	30.44	0.00	123.15	0.00	50.91
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.23	0.94	0.96	0.95	0.94	1.00	0.99	0.99	1.03	1.04
Long-Term Debt to Equity	1.22	0.94	0.96	0.94	0.93	0.99	0.98	0.98	1.02	1.03
Financial Leverage	0.49	0.61	0.62	0.65	0.41	0.44	0.49	0.49	0.51	0.51
Leverage Ratio	3.09	2.87	2.91	2.91	2.76	2.55	2.60	2.56	2.61	2.66
Compound Leverage Factor	2.95	2.08	1.71	33.01	29.08	1.44	1.55	-1.40	8.22	1.45
Debt to Total Capital	55.22%	48.51%	48.97%	48.66%	48.43%	49.89%	49.65%	49.70%	50.74%	51.07%
Short-Term Debt to Total Capital	0.61%	0.00%	0.00%	0.51%	0.50%	0.52%	0.52%	0.52%	0.53%	0.53%
Long-Term Debt to Total Capital	54.60%	48.51%	48.97%	48.15%	47.92%	49.37%	49.14%	49.19%	50.21%	50.53%
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	49.74%	55.37%	57.05%	59.49%	59.47%	61.56%	61.52%	0.00%	0.00%	0.00%
Common Equity to Total Capital	-4.96%	-3.88%	-6.02%	-8.15%	-7.89%	-11.46%	-11.18%	50.30%	49.26%	48.93%
Debt to EBITDA	2.53	1.72	1.74	1.76	4.22	4.87	4.76	4.64	4.94	5.07
Net Debt to EBITDA	0.73	0.73	0.83	0.87	2.12	2.40	2.55	2.41	2.62	2.62
Long-Term Debt to EBITDA	2.50	1.72	1.74	1.74	4.18	4.82	4.71	4.59	4.88	5.02
Debt to NOPAT	4.49	2.78	2.92	2.86	1.52	16.59	-4.00	87.71	-3.21	29.33
Net Debt to NOPAT	1.29	1.17	1.39	1.41	0.76	8.18	-2.14	45.64	-1.70	15.14
Long-Term Debt to NOPAT	4.44	2.78	2.92	2.83	1.50	16.41	-3.95	86.79	-3.17	29.03
Altman Z-Score	0.13	-0.11	-0.10	-0.17	-0.11	0.00	0.08	0.69	0.48	0.54
Noncontrolling Interest Sharing Ratio	120.29%	120.49%	121.50%	125.54%	113.22%	114.88%	116.86%	59.17%	60.33%	62.88%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.54	1.49	1.45	1.39	1.42	1.35	1.32	1.34	1.27	1.27
Quick Ratio	1.48	1.41	1.40	1.32	1.20	1.26	1.25	1.23	1.12	1.15
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	69	15	-13	-2.10	-69	-20	22	11	24	19
Operating Cash Flow to CapEx	38,375.00%	-7,866.67%	2,966.67%	3,650.00%	0.00%	15,600.00%	2,433.33%	4,900.00%	9,100.00%	2,942.86%
Free Cash Flow to Firm to Interest Expense	10.20	1.66	-1.63	-0.15	-5.71	-1.73	1.85	0.92	1.92	1.66
Operating Cash Flow to Interest Expense	22.57	-2.62	1.11	0.53	0.70	1.32	0.60	0.82	0.74	1.81
Operating Cash Flow Less CapEx to Interest Expense	22.51	-2.66	1.08	0.52	0.70	1.31	0.58	0.80	0.73	1.75
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.24	0.30	0.32	0.33	0.32	0.36	0.36	0.37	0.37	0.38
Accounts Receivable Turnover	4.49	5.37	3.66	4.24	4.65	4.78	3.46	4.23	4.77	4.76
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	70.10	110.47	109.28	119.61	131.54	206.92	218.83	231.41	231.47	241.70
Accounts Payable Turnover	1.22	2.19	1.43	1.41	1.07	2.63	3.20	3.76	4.00	0.00
Days Sales Outstanding (DSO)	81.24	67.93	99.68	86.00	78.57	76.33	105.59	86.33	76.52	76.74
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)	298.98	166.68	255.90	258.12	340.50	138.86	114.17	97.12	91.20	0.00
Cash Conversion Cycle (CCC)	-217.74	-98.75	-156.22	-172.12	-261.93	-62.54	-8.58	-10.78	-14.68	76.74
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	564	614	629	624	632	603	625	617	605	594
Invested Capital Turnover	0.50	0.54	0.57	0.59	0.63	0.63	0.63	0.63	0.64	0.67
Increase / (Decrease) in Invested Capital	28	16	25	1.40	68	-11	-3.90	-6.50	-27	-9.50
Enterprise Value (EV)	843	884	931	948	981	1,068	1,143	1,366	1,231	1,183
Market Capitalization	233	237	252	257	283	372	428	1,156	1,018	975
Book Value per Share	($0.67)	($0.49)	($0.75)	($1.07)	($1.04)	($1.47)	($1.44)	$2.00	$1.92	$1.90
Tangible Book Value per Share	($11.69)	($11.59)	($11.83)	($12.88)	($12.76)	($13.06)	($13.19)	($1.63)	($1.69)	($1.69)
Total Capital	930	853	846	828	832	808	811	810	794	789
Total Debt	513	414	414	403	403	403	403	403	403	403
Total Long-Term Debt	508	414	414	399	399	399	399	399	399	399
Net Debt	147	175	197	198	203	199	216	210	214	208
Capital Expenditures (CapEx)	0.40	0.30	0.30	0.20	0.00	0.10	0.30	0.20	0.10	0.70
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-196	-130	-115	-112	-99	-119	-104	-111	-119	-125
Debt-free Net Working Capital (DFNWC)	170	110	103	93	101	85	83	82	70	70
Net Working Capital (NWC)	164	110	103	89	97	81	79	78	66	66
Net Nonoperating Expense (NNE)	4.68	8.36	5.07	7.40	-11	-14	7.43	7.28	7.81	4.29
Net Nonoperating Obligations (NNO)	147	175	197	198	203	199	216	210	214	208
Total Depreciation and Amortization (D&A)	15	17	14	13	9.80	11	8.20	8.10	8.20	8.10
Debt-free, Cash-free Net Working Capital to Revenue	-71.73%	-39.74%	-32.77%	-30.56%	-26.49%	-31.14%	-26.30%	-28.16%	-30.22%	-31.34%
Debt-free Net Working Capital to Revenue	62.18%	33.63%	29.37%	25.55%	26.94%	22.20%	21.12%	20.95%	17.79%	17.50%
Net Working Capital to Revenue	60.10%	33.63%	29.37%	24.40%	25.82%	21.11%	20.06%	19.88%	16.72%	16.45%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.42	$0.15	($0.04)	($0.29)	$0.00	($0.45)	$0.00	($0.03)	($0.05)	$0.01
Adjusted Weighted Average Basic Shares Outstanding	68.43M	69.00M	67.28M	62.87M	63.59M	63.96M	63.04M	155.92M	203.89M	156.59M
Adjusted Diluted Earnings per Share	$0.41	$0.16	($0.04)	($0.29)	$0.00	($0.45)	$0.00	($0.03)	($0.05)	$0.01
Adjusted Weighted Average Diluted Shares Outstanding	68.64M	69.15M	67.28M	62.87M	63.59M	63.96M	65.21M	155.92M	203.89M	156.59M
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	67.61M	67.88M	62.87M	62.88M	62.89M	63.03M	203.84M	203.93M	202.98M	200.05M
Normalized Net Operating Profit after Tax (NOPAT)	98	19	12	-0.70	-0.70	14	18	4.48	1.12	15
Normalized NOPAT Margin	156.54%	19.82%	9.95%	-0.81%	-0.97%	13.72%	13.82%	5.21%	1.54%	13.63%
Pre Tax Income Margin	194.23%	20.62%	8.01%	-14.45%	-16.00%	11.23%	10.87%	-4.07%	-20.39%	10.58%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	18.71	2.96	2.09	-0.08	-0.09	1.71	2.01	0.53	-0.38	1.82
NOPAT to Interest Expense	14.36	3.42	1.52	-0.05	-0.06	-2.65	1.52	0.37	-0.27	0.82
EBIT Less CapEx to Interest Expense	18.65	2.92	2.05	-0.09	-0.09	1.70	1.98	0.52	-0.39	1.76
NOPAT Less CapEx to Interest Expense	14.31	3.38	1.48	-0.07	-0.06	-2.66	1.50	0.36	-0.28	0.76
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	26.79%	-215.00%	-600.00%	2,580.00%	-97.60%	668.18%
Augmented Payout Ratio	11.96%	7.95%	21.67%	20.10%	80.06%	-426.25%	-641.86%	2,760.00%	-123.56%	1,295.45%

Frequently Asked Questions About Emerald's Financials

When does Emerald's fiscal year end?

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

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

Emerald's net income appears to be on a downward trend, with a most recent value of $2.20 million in 2024, falling from $130.80 million in 2022. The previous period was -$8 million in 2023.

What is Emerald's operating income?

Emerald's total operating income in 2024 was $46.80 million, based on the following breakdown:

Total Gross Profit: $398.80 million
Total Operating Expenses: $352 million

How has Emerald revenue changed over the last 2 years?

Over the last 2 years, Emerald's total revenue changed from $325.90 million in 2022 to $398.80 million in 2024, a change of 22.4%.

How much debt does Emerald have?

Emerald's total liabilities were at $662.80 million at the end of 2024, a 2.1% increase from 2023, and a 0.6% increase since 2022.

How much cash does Emerald have?

In the past 2 years, Emerald's cash and equivalents has ranged from $194.80 million in 2024 to $239.10 million in 2022, and is currently $194.80 million as of their latest financial filing in 2024.

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

Over the last 2 years, Emerald's book value per share changed from -0.49 in 2022 to 1.90 in 2024, a change of -488.3%.

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This page (NYSE:EEX) was last updated on 4/19/2025 by MarketBeat.com Staff

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Emerald (EEX) Financials

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Emerald (EEX) Financials

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