Steelcase (SCS) Financials

$9.73 -0.22 (-2.21%)

As of 01:58 PM Eastern

Annual Income Statements for Steelcase

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

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Income / (Loss) Attributable to Common Shareholders	88	86	170	125	81	126	200	26	4.00	35	81
Consolidated Net Income / (Loss)	88	86	170	125	81	126	200	26	4.00	35	81
Net Income / (Loss) Continuing Operations	88	86	170	125	81	126	200	26	4.00	35	81
Total Pre-Tax Income	147	137	175	196	162	164	245	26	1.60	52	107
Total Operating Income	166	145	175	196	155	184	257	43	20	66	118
Total Gross Profit	936	913	965	1,007	1,005	1,088	1,215	763	762	919	1,012
Total Revenue	2,989	3,060	3,060	3,032	3,056	3,443	3,724	2,596	2,773	3,233	3,160
Operating Revenue	2,989	3,060	3,060	3,032	3,056	3,443	3,724	2,596	2,773	3,233	3,160
Total Cost of Revenue	2,053	2,147	2,095	2,026	2,050	2,355	2,509	1,833	2,011	2,313	2,147
Operating Cost of Revenue	2,047	2,106	2,076	2,021	2,050	2,355	2,509	1,833	2,011	2,313	2,147
Total Operating Expenses	770	768	790	811	850	904	958	720	741	854	895
Other Operating Expenses / (Income)	-	-	-	-	-	-	958	-	741	837	877
Restructuring Charge	-	-	-	-	-	0.00	-	18	0.00	17	18
Total Other Income / (Expense), net	-19	-7.90	0.20	0.10	6.30	-20	-12	-17	-19	-14	-11
Interest Expense	18	18	18	17	18	38	27	27	26	28	26
Interest & Investment Income	-0.30	1.40	1.50	1.40	1.50	2.90	5.40	1.40	0.60	1.00	6.50
Other Income / (Expense), net	-0.60	8.40	16	16	22	15	10	8.60	6.60	14	8.70
Income Tax Expense	60	51	4.50	72	81	38	46	-0.20	-2.40	16	26
Basic Earnings per Share	$0.70	$0.69	$1.37	$1.03	$0.68	$1.06	$1.67	$0.22	$0.03	$0.30	$0.68
Weighted Average Basic Shares Outstanding	124.10M	122.10M	121.80M	118.40M	116.90M	116.70M	114.76M	115.66M	112.73M	113.95M	114.73M
Diluted Earnings per Share	$0.69	$0.68	$1.36	$1.03	$0.68	$1.05	$1.66	$0.22	$0.03	$0.30	$0.68
Weighted Average Diluted Shares Outstanding	124.10M	122.10M	121.80M	118.40M	116.90M	116.70M	114.76M	115.66M	112.73M	113.95M	114.73M
Weighted Average Basic & Diluted Shares Outstanding	124.10M	122.10M	121.80M	118.40M	116.90M	116.70M	114.76M	115.66M	112.73M	113.95M	114.73M
Cash Dividends to Common per Share	$0.40	$0.42	$0.45	$0.48	$0.51	$0.54	$0.58	$0.37	$0.54	$0.49	$0.40

This table shows Steelcase's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025
Net Income / (Loss) Attributable to Common Shareholders	-11	20	11	16	1.50	28	31	21	11	63	19
Consolidated Net Income / (Loss)	-11	20	11	16	1.50	28	31	21	11	63	19
Net Income / (Loss) Continuing Operations	-11	20	11	16	1.50	28	31	21	11	63	19
Total Pre-Tax Income	-16	26	17	24	2.90	37	41	27	14	86	26
Total Operating Income	-13	29	21	29	7.30	41	44	26	18	90	41
Total Gross Profit	192	251	238	239	235	283	252	242	234	295	265
Total Revenue	741	863	827	802	752	855	778	775	727	856	795
Operating Revenue	741	863	827	802	752	855	778	775	727	856	795
Total Cost of Revenue	549	613	589	563	517	571	526	533	493	560	530
Operating Cost of Revenue	549	613	589	563	517	571	526	533	493	560	530
Total Operating Expenses	204	222	217	211	227	242	209	216	217	205	224
Other Operating Expenses / (Income)	201	221	208	207	221	236	207	214	218	205	224
Restructuring Charge	3.30	0.50	9.20	3.70	6.70	6.50	2.00	2.90	-0.70	0.30	0.60
Total Other Income / (Expense), net	-3.20	-2.50	-3.90	-4.30	-4.40	-4.00	-3.20	0.90	-3.50	-4.10	-15
Interest Expense	6.40	7.20	7.60	7.20	6.60	6.60	6.40	6.30	6.20	6.40	6.30
Interest & Investment Income	0.10	0.30	0.30	0.30	0.50	0.80	2.30	2.90	2.40	2.90	4.00
Other Income / (Expense), net	3.10	4.40	3.40	2.60	1.70	1.80	0.90	4.30	0.30	-0.60	-13
Income Tax Expense	-4.40	6.80	5.20	8.70	1.40	9.50	9.80	5.30	3.20	23	7.00
Basic Earnings per Share	($0.10)	$0.17	$0.10	$0.13	$0.01	$0.23	$0.26	$0.18	$0.09	$0.53	$0.16
Weighted Average Basic Shares Outstanding	112.76M	112.78M	112.99M	113.95M	114.00M	114.06M	114.22M	114.73M	114.13M	113.97M	113.72M
Diluted Earnings per Share	($0.10)	$0.17	$0.10	$0.13	$0.01	$0.23	$0.26	$0.18	$0.09	$0.53	$0.16
Weighted Average Diluted Shares Outstanding	112.76M	112.78M	112.99M	113.95M	114.00M	114.06M	114.22M	114.73M	114.13M	113.97M	113.72M
Weighted Average Basic & Diluted Shares Outstanding	112.76M	112.78M	112.99M	113.95M	114.00M	114.06M	114.22M	114.73M	114.13M	113.97M	113.72M
Cash Dividends to Common per Share	$0.15	$0.15	$0.10	$0.10	$0.10	$0.10	$0.10	$0.10	$0.10	$0.10	$0.10

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

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Change in Cash & Equivalents	51	-25	5.40	15	86	-21	282	-52	-289	-110	229
Net Cash From Operating Activities	179	84	186	171	227	131	361	65	-103	89	309
Net Cash From Continuing Operating Activities	188	108	186	171	227	131	361	65	-103	89	309
Net Income / (Loss) Continuing Operations	88	86	170	125	81	126	200	26	4.00	35	81
Consolidated Net Income / (Loss)	88	86	170	125	81	126	200	26	4.00	35	81
Depreciation Expense	60	60	66	60	66	82	86	85	83	90	84
Non-Cash Adjustments To Reconcile Net Income	23	-31	2.40	-7.30	1.80	0.50	-2.60	63	1.00	28	38
Changes in Operating Assets and Liabilities, net	8.10	-31	-52	-6.90	79	-77	78	-109	-191	-64	106
Net Cash From Investing Activities	-25	-14	-88	-48	-48	-272	4.50	-31	-66	-135	6.10
Net Cash From Continuing Investing Activities	-25	-14	-88	-48	89	181	4.50	-31	-66	-135	6.10
Purchase of Property, Plant & Equipment	-87	-98	-93	-61	-88	-81	-73	-41	-61	-59	-47
Acquisitions	0.00	-	-6.90	-4.00	-68	-227	-3.70	-3.80	-33	-105	0.00
Sale of Property, Plant & Equipment	9.50	20	-	1.90	7.90	21	1.80	7.40	17	9.90	49
Other Investing Activities, net	77	5.80	5.10	0.80	4.20	16	7.20	7.10	10	20	3.80
Net Cash From Financing Activities	-102	-90	-90	-106	-98	122	-82	-88	-120	-63	-86
Net Cash From Continuing Financing Activities	-102	-90	-90	-106	-98	122	-82	-88	-120	-63	-86
Repayment of Debt	-2.80	-2.60	-35	-2.30	-2.70	-582	-4.10	-252	-2.20	-567	-103
Repurchase of Common Equity	-50	-36	-56	-48	-34	-4.20	-8.70	-43	-55	-3.90	-4.20
Payment of Dividends	-50	-53	-57	-59	-61	-64	-69	-44	-63	-57	-48
Issuance of Debt	0.80	0.00	51	3.30	0.00	773	0.00	250	0.00	565	69
Effect of Exchange Rate Changes	-0.60	-5.40	-3.10	-1.20	4.00	-2.70	-	2.10	-0.50	-1.50	-0.20
Cash Interest Paid	17	17	17	17	17	35	25	25	23	26	24
Cash Income Taxes Paid	33	60	57	68	4.80	36	27	25	2.50	-17	33

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

Metric	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025
Net Change in Cash & Equivalents	-84	-64	3.10	36	-51	114	109	57	-146	124	69
Net Cash From Operating Activities	-55	-19	76	88	11	120	120	57	-59	108	99
Net Cash From Continuing Operating Activities	-55	-19	76	88	11	120	121	56	-59	108	99
Net Income / (Loss) Continuing Operations	-11	20	11	16	1.50	28	31	21	11	63	19
Consolidated Net Income / (Loss)	-11	20	11	16	1.50	28	31	21	11	63	19
Depreciation Expense	20	24	24	23	20	21	21	21	20	20	20
Non-Cash Adjustments To Reconcile Net Income	16	-6.90	24	-5.20	22	7.30	-9.20	17	10	-48	-6.40
Changes in Operating Assets and Liabilities, net	-80	-56	17	55	-33	64	79	-3.20	-100	73	66
Net Cash From Investing Activities	-7.30	-108	-12	-7.30	-11	1.30	4.70	11	-47	31	-12
Net Cash From Continuing Investing Activities	-7.30	-108	-12	-7.30	-11	1.30	4.70	11	-47	31	-12
Purchase of Property, Plant & Equipment	-14	-15	-14	-16	-12	-13	-13	-9.70	-12	-13	-11
Purchase of Investments	-	-	-	-	0.00	-	-	-	-36	-4.10	-3.70
Sale of Property, Plant & Equipment	-	-	-	4.30	-	-	13	21	-	-	0.10
Sale and/or Maturity of Investments	-	-	-	-	0.00	-	-	-	0.50	1.20	1.60
Other Investing Activities, net	6.30	7.10	1.60	4.70	0.50	-1.80	5.30	-0.20	1.20	1.80	0.90
Net Cash From Financing Activities	-21	64	-60	-46	-50	-7.40	-16	-12	-40	-14	-18
Net Cash From Continuing Financing Activities	-21	64	-60	-46	-50	-7.40	-16	-12	-40	-14	-18
Repurchase of Common Equity	-	-	-	-	-3.30	-	-0.90	-	-28	-2.60	-6.00
Payment of Dividends	-17	-17	-12	-12	-12	-12	-12	-12	-12	-12	-12
Effect of Exchange Rate Changes	-1.30	-0.70	-0.60	1.10	-0.40	0.20	-	-	0.10	-0.90	-0.50

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

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Total Assets	1,727	1,720	1,809	1,792	1,859	2,142	2,565	2,354	2,261	2,203	2,237
Total Current Assets	890	809	824	819	0.00	949	1,189	1,045	959	884	959
Cash & Equivalents	202	177	182	197	-	261	541	490	201	90	319
Short-Term Investments	120	68	84	73	-	-	-	-	-	-	0.00
Accounts Receivable	307	326	323	308	-	390	372	270	340	373	338
Inventories, net	152	166	159	163	-	225	215	194	326	320	231
Prepaid Expenses	19	17	20	19	-	20	22	21	24	29	32
Other Current Assets	35	56	56	59	-	53	39	21	26	72	40
Plant, Property, & Equipment, net	377	390	412	408	0.00	456	426	411	393	377	353
Total Noncurrent Assets	460	522	573	565	138	738	950	898	909	942	924
Long-Term Investments	53	59	51	51	-	57	52	52	53	51	56
Goodwill	108	107	106	107	138	241	234	218	243	277	275
Intangible Assets	17	15	14	17	-	119	103	90	86	111	95
Noncurrent Deferred & Refundable Income Taxes	85	147	212	180	-	136	125	113	121	117	116
Other Noncurrent Operating Assets	197	194	190	211	-	186	437	425	406	386	384
Total Liabilities & Shareholders' Equity	1,727	1,720	1,809	1,792	813	2,142	2,565	2,354	2,261	2,203	2,237
Total Liabilities	1,050	1,056	1,072	1,026	0.00	1,293	1,595	1,394	1,409	1,377	1,350
Total Current Liabilities	538	544	558	523	0.00	595	691	515	567	603	607
Accounts Payable	213	215	210	217	-	241	244	181	244	204	211
Accrued Expenses	18	22	42	39	-	28	35	137	120	27	100
Customer Deposits	16	25	19	16	-	20	29	-	53	51	45
Current Employee Benefit Liabilities	179	181	206	189	-	205	236	115	101	151	206
Other Current Liabilities	111	97	78	59	-	97	143	44	44	135	45
Total Noncurrent Liabilities	511	512	514	502	0.00	697	904	879	842	773	743
Long-Term Debt	284	280	297	295	-	483	481	479	477	446	446
Noncurrent Employee Benefit Liabilities	151	158	143	134	-	142	148	153	127	103	105
Other Noncurrent Operating Liabilities	76	74	75	73	-	73	274	246	238	225	192
Total Equity & Noncontrolling Interests	677	664	737	767	813	850	970	961	852	826	887
Total Preferred & Common Equity	677	664	737	767	813	850	970	961	852	826	887
Total Common Equity	677	664	737	767	813	850	970	961	852	826	887
Common Stock	0.00	5.00	0.00	0.00	4.60	16	28	13	1.50	19	41
Retained Earnings	676	688	777	817	819	881	1,011	988	901	879	913
Accumulated Other Comprehensive Income / (Loss)	0.80	-29	-40	-51	-10	-47	-69	-40	-51	-73	-67

This table presents Steelcase'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	Q1 2025	Q2 2025	Q3 2025
Total Assets	2,319	2,187	2,303	2,268	2,126	2,199	2,247	2,127	2,271	2,321
Total Current Assets	1,004	918	953	915	816	901	969	862	1,001	1,065
Cash & Equivalents	275	117	52	55	40	154	262	173	297	365
Short-Term Investments	-	-	-	-	-	-	-	36	39	41
Accounts Receivable	333	349	413	400	363	373	355	325	354	340
Inventories, net	286	372	397	379	307	271	260	248	242	246
Prepaid Expenses	36	30	31	29	35	38	31	40	36	34
Other Current Assets	22	34	40	36	71	65	62	42	33	39
Plant, Property, & Equipment, net	395	383	405	405	373	365	362	348	345	334
Total Noncurrent Assets	921	886	945	949	937	932	916	917	926	922
Long-Term Investments	51	53	46	49	51	55	53	56	54	56
Goodwill	243	242	277	278	277	277	275	275	275	274
Intangible Assets	89	80	123	117	108	104	99	91	87	82
Noncurrent Deferred & Refundable Income Taxes	120	121	115	116	118	119	118	115	118	121
Other Noncurrent Operating Assets	418	391	385	388	383	378	372	381	393	391
Total Liabilities & Shareholders' Equity	2,319	2,187	2,303	2,268	2,126	2,199	2,247	2,127	2,271	2,321
Total Liabilities	1,462	1,373	1,503	1,459	1,296	1,346	1,371	1,254	1,338	1,389
Total Current Liabilities	591	587	725	679	534	590	631	535	618	678
Accounts Payable	258	257	274	250	215	227	232	225	233	249
Accrued Expenses	27	119	126	127	121	114	115	108	127	129
Customer Deposits	-	50	65	56	51	53	54	47	50	50
Current Employee Benefit Liabilities	101	81	101	133	100	144	185	114	166	209
Other Current Liabilities	201	43	41	43	46	47	45	42	42	40
Total Noncurrent Liabilities	871	785	778	780	763	756	740	719	721	711
Long-Term Debt	478	445	445	446	446	446	446	447	447	447
Noncurrent Employee Benefit Liabilities	144	116	111	112	95	97	100	98	101	103
Other Noncurrent Operating Liabilities	249	225	221	223	222	213	194	175	172	161
Total Equity & Noncontrolling Interests	857	814	799	810	829	853	876	873	933	933
Total Preferred & Common Equity	857	814	799	810	829	853	876	873	933	933
Total Common Equity	857	814	799	810	829	853	876	873	933	933
Common Stock	0.00	10	14	16	30	35	37	28	29	25
Retained Earnings	920	873	876	875	869	884	903	911	963	970
Accumulated Other Comprehensive Income / (Loss)	-64	-69	-90	-81	-70	-66	-65	-67	-59	-62

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

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	4.19%	2.37%	0.01%	-0.90%	0.76%	12.69%	8.15%	-30.28%	6.80%	16.59%	-2.26%
EBITDA Growth	76.98%	-5.37%	20.36%	6.16%	-10.65%	15.08%	25.92%	-61.21%	-19.66%	53.78%	24.32%
EBIT Growth	139.57%	-7.26%	24.53%	11.11%	-16.31%	11.83%	34.56%	-80.68%	-48.26%	195.88%	60.13%
NOPAT Growth	135.84%	-7.87%	86.80%	-26.79%	-37.73%	82.00%	48.30%	-79.30%	15.97%	-10.83%	99.07%
Net Income Growth	126.03%	-1.82%	97.79%	-26.84%	-35.23%	56.13%	58.49%	-86.93%	-84.67%	782.50%	129.75%
EPS Growth	130.00%	-1.45%	100.00%	-24.26%	-33.98%	54.41%	58.10%	-86.75%	-86.36%	900.00%	126.67%
Operating Cash Flow Growth	-4.54%	-52.91%	121.38%	-8.42%	32.98%	-42.20%	175.00%	-82.04%	-258.33%	187.13%	245.30%
Free Cash Flow Firm Growth	26.23%	-75.99%	139.56%	8.09%	577.94%	-208.36%	149.58%	-99.55%	-7,903.09%	68.28%	832.84%
Invested Capital Growth	-9.65%	8.85%	11.99%	3.32%	-81.40%	637.05%	-15.43%	4.84%	19.67%	7.88%	-17.74%
Revenue Q/Q Growth	1.98%	-0.95%	-0.07%	0.70%	0.12%	4.23%	0.92%	-9.39%	2.82%	1.53%	-0.83%
EBITDA Q/Q Growth	69.02%	-5.71%	-0.58%	7.63%	-1.18%	1.71%	6.59%	-31.91%	-2.83%	19.77%	-1.55%
EBIT Q/Q Growth	124.29%	-7.48%	-1.09%	10.41%	-3.01%	0.92%	8.18%	-54.78%	-10.40%	49.34%	-1.02%
NOPAT Q/Q Growth	127.25%	-3.75%	40.10%	-29.12%	-28.55%	46.50%	19.08%	-57.41%	-25.30%	73.45%	2.60%
Net Income Q/Q Growth	141.60%	-1.26%	47.32%	-29.33%	-24.23%	21.86%	28.18%	-69.65%	-68.75%	102.87%	7.42%
EPS Q/Q Growth	137.93%	-1.45%	47.83%	-27.97%	-24.44%	22.09%	27.69%	-69.01%	-72.73%	100.00%	7.94%
Operating Cash Flow Q/Q Growth	15.73%	-5.71%	-10.04%	6.75%	40.30%	-26.29%	18.72%	-38.17%	-339.16%	312.35%	-9.02%
Free Cash Flow Firm Q/Q Growth	-1.85%	-50.69%	-23.06%	-0.46%	1,208.48%	-181.47%	144.94%	-99.19%	-128.92%	77.77%	-1.58%
Invested Capital Q/Q Growth	-11.16%	-5.55%	5.72%	-1.56%	-82.96%	0.00%	-13.10%	1.38%	6.61%	-4.53%	-4.79%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	31.31%	29.84%	31.52%	33.20%	32.90%	31.60%	32.63%	29.38%	27.46%	28.44%	32.04%
EBITDA Margin	7.54%	6.97%	8.39%	8.98%	7.97%	8.13%	9.47%	5.27%	3.96%	5.23%	6.65%
Operating Margin	5.55%	4.74%	5.71%	6.47%	5.08%	5.33%	6.90%	1.66%	0.72%	2.03%	3.73%
EBIT Margin	5.53%	5.01%	6.24%	6.99%	5.81%	5.77%	7.17%	1.99%	0.96%	2.44%	4.00%
Profit (Net Income) Margin	2.93%	2.81%	5.57%	4.11%	2.64%	3.66%	5.36%	1.01%	0.14%	1.09%	2.57%
Tax Burden Percent	59.58%	62.85%	97.43%	63.47%	49.97%	76.88%	81.44%	100.77%	250.00%	68.41%	75.72%
Interest Burden Percent	89.05%	89.37%	91.57%	92.55%	90.99%	82.57%	91.80%	50.19%	5.99%	65.32%	84.66%
Effective Tax Rate	40.42%	37.15%	2.57%	36.53%	50.03%	23.12%	18.56%	-0.77%	-150.00%	31.59%	24.28%
Return on Invested Capital (ROIC)	15.91%	14.79%	25.00%	17.04%	17.60%	24.40%	22.27%	4.91%	5.07%	3.99%	8.40%
ROIC Less NNEP Spread (ROIC-NNEP)	37.65%	23.89%	24.02%	16.73%	16.70%	30.39%	-9.87%	25.62%	-49.00%	0.64%	4.46%
Return on Net Nonoperating Assets (RNNOA)	-2.87%	-1.94%	-0.68%	-0.46%	-7.39%	-9.25%	-0.32%	-2.21%	-4.62%	0.22%	1.07%
Return on Equity (ROE)	13.04%	12.84%	24.32%	16.58%	10.22%	15.15%	21.94%	2.70%	0.44%	4.21%	9.47%
Cash Return on Invested Capital (CROIC)	26.05%	6.31%	13.68%	13.77%	154.86%	-127.81%	38.99%	0.19%	-12.84%	-3.60%	27.86%
Operating Return on Assets (OROA)	9.68%	8.90%	10.82%	11.78%	9.72%	9.92%	11.35%	2.10%	1.16%	3.54%	5.70%
Return on Assets (ROA)	5.13%	5.00%	9.65%	6.92%	4.42%	6.30%	8.48%	1.06%	0.17%	1.58%	3.65%
Return on Common Equity (ROCE)	13.04%	12.84%	24.32%	16.58%	10.22%	15.15%	21.94%	2.70%	0.44%	4.21%	9.47%
Return on Equity Simple (ROE_SIMPLE)	12.95%	12.97%	23.11%	16.26%	9.92%	14.83%	20.58%	2.72%	0.47%	4.27%	9.14%
Net Operating Profit after Tax (NOPAT)	99	91	170	125	78	141	209	43	50	45	89
NOPAT Margin	3.31%	2.98%	5.56%	4.11%	2.54%	4.10%	5.62%	1.67%	1.81%	1.39%	2.82%
Net Nonoperating Expense Percent (NNEP)	-21.74%	-9.10%	0.98%	0.31%	0.90%	-5.98%	32.14%	-20.71%	54.06%	3.35%	3.94%
Return On Investment Capital (ROIC_SIMPLE)	10.25%	9.63%	16.42%	11.71%	9.54%	10.56%	14.39%	3.00%	3.76%	3.43%	6.69%
Cost of Revenue to Revenue	68.69%	70.16%	68.48%	66.80%	67.10%	68.40%	67.37%	70.62%	72.54%	71.56%	67.96%
SG&A Expenses to Revenue	25.33%	25.10%	25.82%	26.73%	27.82%	26.26%	0.00%	26.35%	0.00%	0.00%	0.00%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	25.76%	25.10%	25.82%	26.73%	27.82%	26.26%	25.73%	27.73%	26.74%	26.42%	28.31%
Earnings before Interest and Taxes (EBIT)	165	153	191	212	178	199	267	52	27	79	127
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	225	213	257	272	243	280	353	137	110	169	210
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.85	2.38	1.49	1.80	1.59	1.91	1.60	1.41	1.44	1.00	1.60
Price to Tangible Book Value (P/TBV)	2.26	2.92	1.77	2.14	1.92	3.31	2.45	2.08	2.34	1.88	2.74
Price to Revenue (P/Rev)	0.42	0.52	0.36	0.45	0.42	0.47	0.42	0.52	0.44	0.26	0.45
Price to Earnings (P/E)	14.24	18.35	6.43	11.06	16.06	12.85	7.77	51.89	305.91	23.37	17.47
Dividend Yield	3.97%	3.23%	5.03%	4.09%	4.57%	3.89%	4.38%	3.14%	4.90%	6.71%	3.22%
Earnings Yield	7.02%	5.45%	15.56%	9.04%	6.23%	7.78%	12.86%	1.93%	0.33%	4.28%	5.72%
Enterprise Value to Invested Capital (EV/IC)	1.97	2.43	1.50	1.82	9.38	1.76	1.68	1.44	1.34	1.00	1.55
Enterprise Value to Revenue (EV/Rev)	0.39	0.51	0.35	0.45	0.42	0.52	0.39	0.50	0.52	0.36	0.47
Enterprise Value to EBITDA (EV/EBITDA)	5.16	7.31	4.19	4.97	5.32	6.38	4.09	9.48	13.21	6.89	7.09
Enterprise Value to EBIT (EV/EBIT)	7.03	10.16	5.64	6.39	7.30	9.01	5.40	25.13	54.39	14.74	11.77
Enterprise Value to NOPAT (EV/NOPAT)	11.76	17.11	6.33	10.88	16.71	12.67	6.90	29.93	28.90	25.99	16.69
Enterprise Value to Operating Cash Flow (EV/OCF)	6.50	18.51	5.77	7.94	5.71	13.63	4.00	20.01	0.00	13.03	4.82
Enterprise Value to Free Cash Flow (EV/FCFF)	7.18	40.09	11.56	13.46	1.90	0.00	3.94	794.63	0.00	0.00	5.03
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.42	0.43	0.41	0.39	0.00	0.57	0.50	0.50	0.57	0.58	0.50
Long-Term Debt to Equity	0.42	0.42	0.40	0.38	0.00	0.57	0.50	0.50	0.56	0.54	0.50
Financial Leverage	-0.08	-0.08	-0.03	-0.03	-0.44	-0.30	0.03	-0.09	0.09	0.34	0.24
Leverage Ratio	2.54	2.57	2.52	2.40	2.31	2.41	2.59	2.55	2.55	2.66	2.59
Compound Leverage Factor	2.26	2.30	2.31	2.22	2.10	1.99	2.37	1.28	0.15	1.74	2.19
Debt to Total Capital	29.77%	29.82%	28.87%	27.95%	0.00%	36.43%	33.29%	33.50%	36.15%	36.81%	33.47%
Short-Term Debt to Total Capital	0.27%	0.26%	0.24%	0.26%	0.00%	0.31%	0.20%	0.33%	0.38%	2.73%	0.00%
Long-Term Debt to Total Capital	29.50%	29.56%	28.63%	27.69%	0.00%	36.12%	33.09%	33.18%	35.77%	34.08%	33.47%
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%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	70.23%	70.18%	71.13%	72.05%	100.00%	63.57%	66.71%	66.50%	63.85%	63.19%	66.53%
Debt to EBITDA	1.27	1.32	1.17	1.09	0.00	1.74	1.37	3.54	4.39	2.85	2.12
Net Debt to EBITDA	-0.39	-0.10	-0.07	-0.09	0.00	0.60	-0.31	-0.42	2.08	2.01	0.34
Long-Term Debt to EBITDA	1.26	1.31	1.16	1.08	0.00	1.72	1.36	3.50	4.34	2.64	2.12
Debt to NOPAT	2.90	3.10	1.76	2.39	0.00	3.45	2.31	11.17	9.60	10.74	5.00
Net Debt to NOPAT	-0.88	-0.24	-0.11	-0.19	0.00	1.20	-0.52	-1.32	4.55	7.58	0.81
Long-Term Debt to NOPAT	2.88	3.07	1.74	2.37	0.00	3.42	2.30	11.06	9.50	9.94	5.00
Altman Z-Score	3.55	3.72	3.43	3.73	0.00	3.44	3.16	2.62	2.55	2.66	2.99
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.65	1.49	1.48	1.57	0.00	1.59	1.72	2.03	1.69	1.47	1.58
Quick Ratio	1.17	1.05	1.06	1.10	0.00	1.09	1.32	1.48	0.95	0.77	1.08
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	162	39	93	101	682	-739	367	1.63	-127	-40	296
Operating Cash Flow to CapEx	231.31%	108.23%	199.57%	288.34%	283.75%	215.44%	503.91%	191.15%	-238.05%	181.71%	0.00%
Free Cash Flow to Firm to Interest Expense	9.09	2.20	5.29	5.85	38.99	-19.71	13.43	0.06	-4.96	-1.42	11.43
Operating Cash Flow to Interest Expense	10.04	4.76	10.59	9.92	12.97	3.50	13.22	2.39	-3.99	3.15	11.92
Operating Cash Flow Less CapEx to Interest Expense	5.70	0.36	5.28	6.48	8.40	1.87	10.59	1.14	-5.67	1.42	12.01
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.75	1.78	1.73	1.68	1.67	1.72	1.58	1.06	1.20	1.45	1.42
Accounts Receivable Turnover	10.06	9.68	9.44	9.62	0.00	0.00	9.76	8.08	9.08	9.06	8.88
Inventory Turnover	14.21	13.51	12.87	12.56	0.00	0.00	11.41	8.98	7.74	7.16	7.80
Fixed Asset Turnover	8.19	7.98	7.64	7.40	0.00	0.00	8.45	6.20	6.90	8.40	8.66
Accounts Payable Turnover	9.99	10.04	9.87	9.50	0.00	0.00	10.33	8.62	9.47	10.35	10.35
Days Sales Outstanding (DSO)	36.28	37.72	38.67	37.93	0.00	0.00	37.38	45.18	40.20	40.29	41.10
Days Inventory Outstanding (DIO)	25.69	27.01	28.36	29.05	0.00	0.00	32.00	40.66	47.16	50.96	46.81
Days Payable Outstanding (DPO)	36.54	36.34	36.98	38.42	0.00	0.00	35.32	42.37	38.56	35.27	35.26
Cash Conversion Cycle (CCC)	25.42	28.39	30.04	28.57	0.00	0.00	34.06	43.48	48.80	55.98	52.65
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	590	642	719	743	138	1,019	861	903	1,081	1,166	959
Invested Capital Turnover	4.81	4.97	4.50	4.15	6.94	5.95	3.96	2.94	2.80	2.88	2.97
Increase / (Decrease) in Invested Capital	-63	52	77	24	-605	880	-157	42	178	85	-207
Enterprise Value (EV)	1,162	1,558	1,076	1,355	1,296	1,788	1,443	1,297	1,452	1,165	1,489
Market Capitalization	1,249	1,580	1,094	1,378	1,296	1,619	1,552	1,354	1,224	825	1,417
Book Value per Share	$5.46	$5.46	$6.02	$6.53	$7.00	$7.28	$8.28	$8.36	$7.60	$7.31	$7.77
Tangible Book Value per Share	$4.45	$4.46	$5.04	$5.48	$5.81	$4.19	$5.41	$5.67	$4.67	$3.88	$4.53
Total Capital	964	946	1,036	1,064	813	1,337	1,455	1,444	1,335	1,307	1,333
Total Debt	287	282	299	297	0.00	487	484	484	483	481	446
Total Long-Term Debt	284	280	297	295	0.00	483	481	479	477	446	446
Net Debt	-87	-22	-18	-24	0.00	169	-109	-57	229	340	72
Capital Expenditures (CapEx)	77	78	93	59	80	61	72	34	43	49	-2.30
Debt-free, Cash-free Net Working Capital (DFCFNWC)	33	23	2.90	28	0.00	96	-40	45	196	226	34
Debt-free Net Working Capital (DFNWC)	354	267	269	299	0.00	358	501	535	397	316	352
Net Working Capital (NWC)	352	265	266	296	0.00	353	498	530	392	281	352
Net Nonoperating Expense (NNE)	11	4.96	-0.19	-0.06	-3.15	15	9.61	17	46	9.51	8.10
Net Nonoperating Obligations (NNO)	-87	-22	-18	-24	-675	169	-109	-57	229	340	72
Total Depreciation and Amortization (D&A)	60	60	66	60	66	82	86	85	83	90	84
Debt-free, Cash-free Net Working Capital to Revenue	1.10%	0.74%	0.09%	0.93%	0.00%	2.79%	-1.08%	1.74%	7.08%	6.99%	1.07%
Debt-free Net Working Capital to Revenue	11.85%	8.74%	8.79%	9.85%	0.00%	10.38%	13.45%	20.61%	14.32%	9.79%	11.15%
Net Working Capital to Revenue	11.77%	8.66%	8.71%	9.75%	0.00%	10.26%	13.37%	20.43%	14.14%	8.68%	11.15%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.70	$0.69	$1.37	$1.03	$0.68	$1.06	$1.67	$0.22	$0.03	$0.30	$0.68
Adjusted Weighted Average Basic Shares Outstanding	123.28M	122.18M	119.64M	118.00M	116.68M	117.31M	114.76M	115.66M	112.73M	113.95M	114.73M
Adjusted Diluted Earnings per Share	$0.69	$0.68	$1.36	$1.03	$0.68	$1.05	$1.66	$0.22	$0.03	$0.30	$0.68
Adjusted Weighted Average Diluted Shares Outstanding	123.28M	122.18M	119.64M	118.00M	116.68M	117.31M	114.76M	115.66M	112.73M	113.95M	114.73M
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	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	123.28M	122.18M	119.64M	118.00M	116.68M	117.31M	114.76M	115.66M	112.73M	113.95M	114.73M
Normalized Net Operating Profit after Tax (NOPAT)	107	91	170	125	109	141	209	55	14	56	103
Normalized NOPAT Margin	3.56%	2.98%	5.56%	4.11%	3.56%	4.10%	5.62%	2.12%	0.51%	1.74%	3.26%
Pre Tax Income Margin	4.92%	4.48%	5.71%	6.47%	5.29%	4.76%	6.58%	1.00%	0.06%	1.60%	3.39%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	9.29	8.66	10.85	12.33	10.14	5.29	9.78	1.90	1.04	2.78	4.88
NOPAT to Interest Expense	5.55	5.14	9.67	7.24	4.43	3.76	7.67	1.60	1.96	1.58	3.44
EBIT Less CapEx to Interest Expense	4.94	4.27	5.54	8.89	5.57	3.67	7.16	0.65	-0.64	1.05	4.97
NOPAT Less CapEx to Interest Expense	1.21	0.75	4.36	3.80	-0.14	2.14	5.04	0.35	0.28	-0.15	3.53
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	57.24%	60.98%	33.47%	46.95%	75.59%	51.03%	34.60%	166.67%	1,565.00%	162.32%	58.69%
Augmented Payout Ratio	114.14%	103.14%	66.59%	85.79%	117.47%	54.37%	38.96%	330.27%	2,945.00%	173.37%	63.87%

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

Metric	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	33.08%	19.11%	12.02%	6.45%	1.51%	-1.01%	-5.93%	-3.31%	-3.27%	0.14%	2.19%
EBITDA Growth	189.92%	1.07%	20.30%	106.49%	174.77%	12.85%	38.82%	-6.10%	29.59%	70.67%	-26.44%
EBIT Growth	70.86%	-6.72%	29.89%	501.92%	194.74%	28.53%	87.03%	-4.15%	98.89%	108.88%	-36.47%
NOPAT Growth	60.38%	-24.66%	10.68%	1,156.25%	142.81%	42.03%	136.02%	11.44%	260.33%	116.95%	-9.70%
Net Income Growth	59.43%	-20.65%	18.75%	813.64%	113.16%	40.31%	170.18%	35.67%	626.67%	129.45%	-37.99%
EPS Growth	58.33%	-19.05%	25.00%	750.00%	110.00%	35.29%	160.00%	38.46%	800.00%	130.43%	-38.46%
Operating Cash Flow Growth	13.36%	-1,065.00%	2,932.00%	302.30%	120.51%	721.24%	58.44%	-34.77%	-623.01%	-9.84%	-17.65%
Free Cash Flow Firm Growth	-146.91%	-306.17%	-75.55%	62.11%	68.52%	174.46%	227.71%	440.73%	366.06%	-13.82%	-51.46%
Invested Capital Growth	16.70%	29.64%	20.47%	7.88%	5.09%	-13.35%	-17.51%	-17.74%	-10.88%	-9.64%	-8.92%
Revenue Q/Q Growth	-1.65%	16.55%	-4.22%	-3.05%	-6.21%	13.66%	-8.98%	-0.35%	-6.18%	17.67%	-7.12%
EBITDA Q/Q Growth	-59.16%	430.84%	-16.55%	14.14%	-45.66%	118.03%	2.65%	-22.80%	-25.00%	187.14%	-55.76%
EBIT Q/Q Growth	-282.69%	450.53%	-28.23%	30.96%	-71.25%	375.56%	4.44%	-32.89%	-40.33%	399.44%	-68.23%
NOPAT Q/Q Growth	-700.00%	343.27%	-34.39%	31.17%	-79.55%	707.05%	9.04%	-38.07%	-33.89%	385.91%	-54.62%
Net Income Q/Q Growth	-418.18%	271.93%	-41.84%	37.72%	-90.45%	1,733.33%	12.00%	-30.84%	-48.83%	478.90%	-69.73%
EPS Q/Q Growth	-400.00%	270.00%	-41.18%	30.00%	-92.31%	2,200.00%	13.04%	-30.77%	-50.00%	488.89%	-69.81%
Operating Cash Flow Q/Q Growth	-26.67%	64.97%	492.75%	16.10%	-87.16%	961.06%	0.17%	-52.21%	-202.96%	282.91%	-8.51%
Free Cash Flow Firm Q/Q Growth	3.47%	-57.48%	27.76%	65.50%	19.79%	472.49%	23.90%	-7.95%	-37.37%	20.65%	-30.21%
Invested Capital Q/Q Growth	4.26%	12.27%	-3.45%	-4.53%	1.55%	-7.43%	-8.08%	-4.79%	10.02%	-6.15%	-7.35%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	25.87%	29.05%	28.76%	29.84%	31.20%	33.16%	32.43%	31.23%	32.23%	34.52%	33.39%
EBITDA Margin	1.44%	6.58%	5.73%	6.75%	3.91%	7.50%	8.46%	6.55%	5.24%	12.78%	6.09%
Operating Margin	-1.70%	3.35%	2.48%	3.58%	0.97%	4.80%	5.63%	3.32%	2.42%	10.52%	5.16%
EBIT Margin	-1.28%	3.86%	2.89%	3.90%	1.20%	5.01%	5.75%	3.87%	2.46%	10.45%	3.57%
Profit (Net Income) Margin	-1.54%	2.27%	1.38%	1.96%	0.20%	3.22%	3.96%	2.75%	1.50%	7.37%	2.40%
Tax Burden Percent	72.15%	74.24%	68.67%	64.34%	51.72%	74.32%	75.86%	80.08%	77.31%	73.46%	73.18%
Interest Burden Percent	166.32%	79.28%	69.46%	77.96%	32.22%	86.45%	90.83%	88.67%	78.77%	96.09%	91.90%
Effective Tax Rate	0.00%	25.76%	31.33%	35.66%	48.28%	25.68%	24.14%	19.92%	22.70%	26.54%	26.82%
Return on Invested Capital (ROIC)	-3.37%	6.87%	4.85%	6.63%	1.41%	9.77%	12.21%	7.89%	5.24%	23.23%	12.37%
ROIC Less NNEP Spread (ROIC-NNEP)	-4.85%	6.18%	3.91%	5.65%	0.73%	8.93%	11.32%	8.24%	4.23%	21.22%	-6.37%
Return on Net Nonoperating Assets (RNNOA)	-0.97%	1.96%	1.33%	1.91%	0.30%	3.83%	3.65%	1.98%	1.33%	3.57%	-0.41%
Return on Equity (ROE)	-4.33%	8.83%	6.19%	8.54%	1.71%	13.60%	15.86%	9.88%	6.57%	26.79%	11.96%
Cash Return on Invested Capital (CROIC)	-12.25%	-23.60%	-16.26%	-3.60%	0.11%	20.04%	26.99%	27.86%	20.26%	22.94%	22.91%
Operating Return on Assets (OROA)	-1.69%	5.17%	4.01%	5.65%	1.80%	7.20%	8.11%	5.51%	3.63%	14.66%	4.93%
Return on Assets (ROA)	-2.03%	3.04%	1.91%	2.84%	0.30%	4.63%	5.59%	3.91%	2.21%	10.35%	3.32%
Return on Common Equity (ROCE)	-4.33%	8.83%	6.19%	8.54%	1.71%	13.60%	15.86%	9.88%	6.57%	26.79%	11.96%
Return on Equity Simple (ROE_SIMPLE)	2.54%	1.95%	2.15%	0.00%	5.81%	6.58%	8.62%	0.00%	10.37%	13.52%	12.27%
Net Operating Profit after Tax (NOPAT)	-8.82	21	14	18	3.78	30	33	21	14	66	30
NOPAT Margin	-1.19%	2.49%	1.70%	2.30%	0.50%	3.57%	4.27%	2.65%	1.87%	7.73%	3.77%
Net Nonoperating Expense Percent (NNEP)	1.48%	0.69%	0.94%	0.97%	0.68%	0.84%	0.89%	-0.35%	1.01%	2.01%	18.74%
Return On Investment Capital (ROIC_SIMPLE)	-0.68%	1.57%	1.06%	1.41%	0.30%	2.34%	2.51%	1.54%	1.03%	4.79%	2.18%
Cost of Revenue to Revenue	74.13%	70.95%	71.24%	70.16%	68.80%	66.84%	67.57%	68.77%	67.77%	65.48%	66.61%
SG&A Expenses to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	27.57%	25.70%	26.28%	26.26%	30.23%	28.36%	26.80%	27.92%	29.81%	24.00%	28.23%
Earnings before Interest and Taxes (EBIT)	-9.50	33	24	31	9.00	43	45	30	18	89	28
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	11	57	47	54	29	64	66	51	38	109	48
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.52	1.49	1.08	1.00	0.92	1.08	1.51	1.60	1.69	1.68	1.61
Price to Tangible Book Value (P/TBV)	2.52	2.97	2.11	1.88	1.72	1.95	2.63	2.74	2.91	2.74	2.60
Price to Revenue (P/Rev)	0.42	0.38	0.27	0.26	0.24	0.28	0.41	0.45	0.47	0.50	0.48
Price to Earnings (P/E)	59.94	76.13	50.30	23.37	15.82	16.39	17.47	17.47	16.32	12.42	13.11
Dividend Yield	5.27%	5.51%	6.89%	6.71%	6.65%	4.96%	3.46%	3.22%	3.11%	2.92%	3.04%
Earnings Yield	1.67%	1.31%	1.99%	4.28%	6.32%	6.10%	5.73%	5.72%	6.13%	8.05%	7.63%
Enterprise Value to Invested Capital (EV/IC)	1.38	1.31	1.05	1.00	0.94	1.06	1.44	1.55	1.57	1.64	1.62
Enterprise Value to Revenue (EV/Rev)	0.53	0.53	0.40	0.36	0.34	0.36	0.46	0.47	0.53	0.52	0.47
Enterprise Value to EBITDA (EV/EBITDA)	11.72	12.42	9.12	6.89	5.95	5.96	6.80	7.09	7.58	6.15	6.02
Enterprise Value to EBIT (EV/EBIT)	31.19	34.88	24.32	14.74	11.46	10.86	11.35	11.77	12.25	8.92	8.96
Enterprise Value to NOPAT (EV/NOPAT)	46.97	66.74	49.81	25.99	19.08	17.19	16.68	16.69	16.93	12.15	11.37
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	0.00	13.03	7.17	3.94	4.27	4.82	6.96	7.17	7.23
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	891.80	4.91	4.82	5.03	7.31	6.78	6.73
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.59	0.70	0.64	0.58	0.54	0.53	0.51	0.50	0.51	0.48	0.48
Long-Term Debt to Equity	0.55	0.56	0.55	0.54	0.54	0.52	0.51	0.50	0.51	0.48	0.48
Financial Leverage	0.20	0.32	0.34	0.34	0.41	0.43	0.32	0.24	0.32	0.17	0.06
Leverage Ratio	2.57	2.71	2.75	2.66	2.62	2.72	2.68	2.59	2.50	2.50	2.53
Compound Leverage Factor	4.27	2.15	1.91	2.07	0.85	2.35	2.43	2.30	1.97	2.40	2.32
Debt to Total Capital	37.21%	41.35%	38.93%	36.81%	35.00%	34.59%	33.74%	33.47%	33.84%	32.38%	32.40%
Short-Term Debt to Total Capital	2.87%	8.67%	5.31%	2.73%	0.06%	0.40%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	34.34%	32.68%	33.62%	34.08%	34.94%	34.19%	33.74%	33.47%	33.84%	32.38%	32.40%
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%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	62.79%	58.65%	61.07%	63.19%	65.00%	65.41%	66.26%	66.53%	66.16%	67.62%	67.60%
Debt to EBITDA	3.64	4.23	3.66	2.85	2.38	2.31	2.09	2.12	2.04	1.69	1.81
Net Debt to EBITDA	2.36	3.50	2.92	2.01	1.89	1.25	0.62	0.34	0.83	0.22	-0.06
Long-Term Debt to EBITDA	3.36	3.35	3.16	2.64	2.37	2.29	2.09	2.12	2.04	1.69	1.81
Debt to NOPAT	14.59	22.75	19.97	10.74	7.63	6.67	5.13	5.00	4.56	3.34	3.42
Net Debt to NOPAT	9.45	18.79	15.93	7.58	6.06	3.59	1.51	0.81	1.86	0.43	-0.12
Long-Term Debt to NOPAT	13.46	17.98	17.25	9.94	7.61	6.60	5.13	5.00	4.56	3.34	3.42
Altman Z-Score	2.62	2.52	2.46	2.59	2.62	2.68	2.80	2.85	2.99	3.01	2.83
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.56	1.31	1.35	1.47	1.53	1.53	1.54	1.58	1.61	1.62	1.57
Quick Ratio	0.79	0.64	0.67	0.77	0.76	0.89	0.98	1.08	1.00	1.12	1.10
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-170	-268	-193	-67	-54	199	247	227	142	172	120
Operating Cash Flow to CapEx	-405.15%	-126.14%	545.32%	733.33%	96.58%	951.59%	20,016.67%	0.00%	-488.43%	864.80%	907.34%
Free Cash Flow to Firm to Interest Expense	-26.57	-37.19	-25.45	-9.27	-8.11	30.21	38.60	36.09	22.97	26.85	19.03
Operating Cash Flow to Interest Expense	-8.61	-2.68	9.97	12.22	1.71	18.17	18.77	9.11	-9.53	16.89	15.70
Operating Cash Flow Less CapEx to Interest Expense	-10.73	-4.81	8.14	10.56	-0.06	16.26	18.67	10.94	-11.48	14.94	13.97
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.32	1.34	1.39	1.45	1.50	1.44	1.41	1.42	1.47	1.40	1.38
Accounts Receivable Turnover	9.71	8.39	8.68	9.06	9.11	8.23	8.44	8.88	9.12	8.62	9.08
Inventory Turnover	7.20	7.15	6.94	7.16	6.72	6.71	6.82	7.80	7.65	8.24	8.37
Fixed Asset Turnover	7.43	7.67	7.96	8.40	8.58	8.41	8.31	8.66	8.69	8.84	9.06
Accounts Payable Turnover	9.46	8.86	9.09	10.35	9.66	8.94	9.04	10.35	9.65	9.18	8.80
Days Sales Outstanding (DSO)	37.61	43.52	42.04	40.29	40.07	44.35	43.22	41.10	40.04	42.32	40.21
Days Inventory Outstanding (DIO)	50.70	51.04	52.57	50.96	54.34	54.40	53.52	46.81	47.71	44.32	43.63
Days Payable Outstanding (DPO)	38.57	41.20	40.16	35.27	37.77	40.83	40.38	35.26	37.82	39.75	41.48
Cash Conversion Cycle (CCC)	49.73	53.37	54.44	55.98	56.64	57.92	56.36	52.65	49.93	46.89	42.36
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	1,127	1,265	1,221	1,166	1,184	1,096	1,007	959	1,055	990	918
Invested Capital Turnover	2.83	2.76	2.85	2.88	2.81	2.74	2.86	2.97	2.80	3.01	3.28
Increase / (Decrease) in Invested Capital	161	289	208	85	57	-169	-214	-207	-129	-106	-90
Enterprise Value (EV)	1,553	1,653	1,287	1,165	1,117	1,162	1,450	1,489	1,659	1,623	1,485
Market Capitalization	1,241	1,188	875	825	763	919	1,319	1,417	1,477	1,566	1,500
Book Value per Share	$7.22	$7.09	$7.18	$7.31	$7.28	$7.48	$7.68	$7.77	$7.61	$8.17	$8.18
Tangible Book Value per Share	$4.37	$3.54	$3.67	$3.88	$3.90	$4.14	$4.40	$4.53	$4.43	$5.00	$5.06
Total Capital	1,297	1,363	1,326	1,307	1,276	1,304	1,322	1,333	1,320	1,380	1,380
Total Debt	482	564	516	481	447	451	446	446	447	447	447
Total Long-Term Debt	445	445	446	446	446	446	446	446	447	447	447
Net Debt	313	466	412	340	355	243	132	72	182	57	-15
Capital Expenditures (CapEx)	14	15	14	12	12	13	0.60	-12	12	13	11
Debt-free, Cash-free Net Working Capital (DFCFNWC)	251	294	251	226	243	163	76	34	118	47	-19
Debt-free Net Working Capital (DFNWC)	368	346	306	316	283	317	338	352	327	383	388
Net Working Capital (NWC)	330	228	235	281	282	311	338	352	327	383	388
Net Nonoperating Expense (NNE)	2.58	1.86	2.68	2.77	2.28	2.97	2.43	-0.72	2.71	3.01	11
Net Nonoperating Obligations (NNO)	313	466	412	340	355	243	132	72	182	57	-15
Total Depreciation and Amortization (D&A)	20	24	24	23	20	21	21	21	20	20	20
Debt-free, Cash-free Net Working Capital to Revenue	8.48%	9.49%	7.88%	6.99%	7.49%	5.04%	2.39%	1.07%	3.77%	1.50%	-0.60%
Debt-free Net Working Capital to Revenue	12.43%	11.18%	9.60%	9.79%	8.73%	9.78%	10.61%	11.15%	10.43%	12.21%	12.29%
Net Working Capital to Revenue	11.17%	7.36%	7.39%	8.68%	8.70%	9.62%	10.61%	11.15%	10.43%	12.21%	12.29%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.10)	$0.17	$0.10	$0.13	$0.01	$0.23	$0.26	$0.18	$0.09	$0.53	$0.16
Adjusted Weighted Average Basic Shares Outstanding	112.76M	112.78M	112.99M	113.95M	114.00M	114.06M	114.22M	114.73M	114.13M	113.97M	113.72M
Adjusted Diluted Earnings per Share	($0.10)	$0.17	$0.10	$0.13	$0.01	$0.23	$0.26	$0.18	$0.09	$0.53	$0.16
Adjusted Weighted Average Diluted Shares Outstanding	112.76M	112.78M	112.99M	113.95M	114.00M	114.06M	114.22M	114.73M	114.13M	113.97M	113.72M
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	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	112.76M	112.78M	112.99M	113.95M	114.00M	114.06M	114.22M	114.73M	114.13M	113.97M	113.72M
Normalized Net Operating Profit after Tax (NOPAT)	-6.51	22	20	21	7.24	35	35	23	13	66	30
Normalized NOPAT Margin	-0.88%	2.53%	2.47%	2.60%	0.96%	4.13%	4.47%	2.95%	1.80%	7.75%	3.83%
Pre Tax Income Margin	-2.13%	3.06%	2.01%	3.04%	0.39%	4.33%	5.22%	3.43%	1.94%	10.04%	3.28%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	-1.48	4.63	3.14	4.35	1.36	6.48	6.98	4.76	2.89	13.97	4.51
NOPAT to Interest Expense	-1.38	2.98	1.85	2.56	0.57	4.62	5.19	3.27	2.19	10.33	4.76
EBIT Less CapEx to Interest Expense	-3.61	2.50	1.32	2.68	-0.41	4.58	6.89	6.59	0.94	12.02	2.78
NOPAT Less CapEx to Interest Expense	-3.50	0.86	0.02	0.90	-1.20	2.71	5.10	5.09	0.24	8.38	3.03
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	326.57%	432.05%	358.05%	162.32%	108.51%	84.14%	62.78%	58.69%	52.82%	37.83%	41.70%
Augmented Payout Ratio	326.57%	432.05%	358.05%	173.37%	108.51%	84.14%	62.78%	63.87%	84.42%	62.57%	73.43%

Frequently Asked Questions About Steelcase's Financials

When does Steelcase's financial year end?

According to the most recent income statement we have on file, Steelcase's fiscal year ends in February. Their fiscal year 2024 ended on February 23, 2024.

How has Steelcase's net income changed over the last 10 years?

Steelcase's net income appears to be on a downward trend, with a most recent value of $81.10 million in 2024, falling from $87.70 million in 2014. The previous period was $35.30 million in 2023.

What is Steelcase's operating income?

Steelcase's total operating income in 2024 was $117.80 million, based on the following breakdown:

Total Gross Profit: $1.01 billion
Total Operating Expenses: $894.60 million

How has Steelcase revenue changed over the last 10 years?

Over the last 10 years, Steelcase's total revenue changed from $2.99 billion in 2014 to $3.16 billion in 2024, a change of 5.7%.

How much debt does Steelcase have?

Steelcase's total liabilities were at $1.35 billion at the end of 2024, a 2.0% decrease from 2023, and a 28.6% increase since 2014.

How much cash does Steelcase have?

In the past 10 years, Steelcase's cash and equivalents has ranged from $0.00 in 2018 to $541 million in 2020, and is currently $318.60 million as of their latest financial filing in 2024.

How has Steelcase's book value per share changed over the last 10 years?

Over the last 10 years, Steelcase's book value per share changed from 5.46 in 2014 to 7.77 in 2024, a change of 42.3%.

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This page (NYSE:SCS) was last updated on 4/16/2025 by MarketBeat.com Staff

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Steelcase (SCS) Financials

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Steelcase (SCS) Financials

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