Steel Partners (SPLP) Financials

$35.78 +0.43 (+1.22%)

As of 03:01 PM Eastern

Annual Income Statements for Steel Partners

This table shows Steel Partners' 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	-7.56	137	6.63	-0.02	-33	-1.60	73	131	206	151	262
Consolidated Net Income / (Loss)	-7.27	157	2.57	6.01	-31	-1.69	73	133	206	154	271
Net Income / (Loss) Continuing Operations	-18	70	2.57	6.01	-31	79	83	132	206	154	271
Total Pre-Tax Income	25	23	22	40	-9.42	102	125	201	275	161	224
Total Operating Income	25	23	22	40	-9.42	141	155	223	296	161	224
Total Gross Profit	259	295	348	414	475	503	451	521	575	751	868
Total Revenue	847	965	1,164	1,372	1,585	1,455	1,311	1,525	1,695	1,905	2,028
Operating Revenue	847	965	1,164	1,372	1,585	1,455	1,311	1,525	1,695	1,905	2,028
Total Cost of Revenue	588	670	816	958	1,110	952	860	1,004	1,120	1,155	1,160
Operating Cost of Revenue	588	670	816	958	1,110	952	860	1,004	1,097	1,103	1,152
Other Cost of Revenue	-	-	-	-	-	-	-	-	23	52	7.74
Total Operating Expenses	234	272	326	373	484	362	296	298	279	589	644
Selling, General & Admin Expense	188	230	282	338	353	335	291	304	383	505	547
Other Operating Expenses / (Income)	1.44	-46	1.72	33	123	11	3.37	-6.33	-107	84	96
Impairment Charge	44	88	42	2.03	8.11	17	1.71	0.00	3.16	0.87	0.67
Total Other Income / (Expense), net	0.00	0.00	0.00	0.00	0.00	-39	-30	-22	-21	0.00	0.00
Interest & Investment Income	-	-	-	-	-	-	-	-	0.00	0.00	0.00
Income Tax Expense	24	-79	24	51	13	15	38	84	74	-1.67	-53
Other Gains / (Losses), net	-19	-32	4.09	17	-9.51	-8.04	-3.79	16	4.61	-8.88	-5.62
Net Income / (Loss) Attributable to Noncontrolling Interest	0.29	20	-4.06	6.03	1.11	-0.10	0.60	1.17	0.19	3.17	9.66
Basic Earnings per Share	($0.27)	$5.00	$0.25	$0.00	($1.25)	($0.06)	$2.93	$6.09	$9.03	$7.04	$13.07
Weighted Average Basic Shares Outstanding	28.71M	27.32M	26.35M	26.05M	25.98M	24.96M	24.81M	21.56M	22.81M	21.43M	20.01M
Diluted Earnings per Share	($0.27)	$4.98	$0.25	-	-	($0.06)	$1.65	$4.97	$8.12	$6.43	$11.38
Weighted Average Diluted Shares Outstanding	28.71M	27.44M	26.49M	26.05M	25.98M	24.96M	51.39M	28.92M	26.87M	25.36M	24.05M
Weighted Average Basic & Diluted Shares Outstanding	28.71M	27.32M	26.35M	26.05M	25.98M	24.96M	24.81M	21.56M	22.81M	21.43M	20.01M

This table shows Steel Partners' 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	36	73	25	59	26	41	34	116	36	75
Consolidated Net Income / (Loss)	36	73	25	59	28	43	35	125	37	75
Net Income / (Loss) Continuing Operations	36	73	25	59	28	43	35	125	37	75
Total Pre-Tax Income	45	84	43	48	30	40	46	66	53	59
Total Operating Income	50	91	49	48	30	34	47	66	53	57
Total Gross Profit	152	134	176	208	172	194	201	228	218	221
Total Revenue	426	423	445	501	492	467	476	533	520	498
Operating Revenue	426	423	445	501	492	467	476	533	520	498
Total Cost of Revenue	274	288	269	293	320	273	275	306	303	277
Operating Cost of Revenue	274	266	261	289	283	269	274	303	296	279
Other Cost of Revenue	-	-	7.81	3.20	37	3.85	0.76	2.32	7.09	-2.42
Total Operating Expenses	102	44	127	160	142	160	154	162	165	163
Selling, General & Admin Expense	94	103	115	136	125	129	135	140	137	135
Other Operating Expenses / (Income)	5.80	-59	12	24	17	31	19	22	27	28
Total Other Income / (Expense), net	-5.11	-6.20	-5.99	0.00	0.00	5.99	-1.39	0.00	0.00	1.39
Income Tax Expense	9.21	18	15	-15	-0.98	0.03	11	-59	16	-21
Other Gains / (Losses), net	0.62	6.38	-3.97	-4.84	-3.14	3.07	-0.01	0.00	0.00	-5.61
Net Income / (Loss) Attributable to Noncontrolling Interest	0.11	0.07	-0.04	-0.54	2.32	1.44	0.57	8.61	0.46	0.03
Basic Earnings per Share	$1.57	$3.22	$1.15	$2.75	$1.20	$1.94	$1.65	$5.72	$1.83	$3.87
Weighted Average Basic Shares Outstanding	23.15M	22.81M	21.69M	21.51M	21.30M	21.43M	20.76M	20.33M	19.93M	20.01M
Diluted Earnings per Share	$1.45	$2.95	$1.09	$2.44	$1.14	$1.76	$1.50	$4.85	$1.65	$3.38
Weighted Average Diluted Shares Outstanding	27.25M	26.87M	25.54M	25.46M	25.08M	25.36M	24.81M	24.62M	23.99M	24.05M
Weighted Average Basic & Diluted Shares Outstanding	23.15M	22.81M	21.69M	21.51M	21.30M	21.43M	20.76M	20.33M	19.93M	20.01M

This table details how cash moves in and out of Steel Partners' 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	-15	-2.41	266	-30	-87	-201	-0.82	190	-90	344	-172
Net Cash From Operating Activities	78	-14	195	-16	53	110	324	78	-210	21	363
Net Cash From Continuing Operating Activities	59	-12	195	-16	53	118	311	78	-210	21	363
Net Income / (Loss) Continuing Operations	-18	70	2.57	6.01	-31	79	83	132	206	154	271
Consolidated Net Income / (Loss)	-7.27	157	2.57	6.01	-31	-1.69	73	133	206	154	271
Depreciation Expense	38	49	71	72	80	66	65	61	54	57	59
Non-Cash Adjustments To Reconcile Net Income	70	84	39	0.53	90	20	3.22	0.20	-97	86	43
Changes in Operating Assets and Liabilities, net	-31	-215	83	-94	-86	-47	159	-116	-373	-275	-10
Net Cash From Investing Activities	-63	65	-161	-170	-366	-275	-1,899	1,517	-177	-142	111
Net Cash From Continuing Investing Activities	-60	65	-161	-170	-366	-272	-1,899	1,517	-177	-143	111
Purchase of Property, Plant & Equipment	-29	-23	-34	-55	-47	-40	-23	-52	-48	-51	-65
Purchase of Investments	-138	-52	-30	-91	-153	-105	-14	-50	-311	-209	-142
Sale of Property, Plant & Equipment	2.46	11	32	15	5.91	1.29	3.00	6.98	1.24	1.85	2.09
Sale and/or Maturity of Investments	125	87	89	29	93	124	44	568	176	259	284
Other Investing Activities, net	-24	2.71	-18	-66	-203	-206	-1,905	1,029	-90	-144	32
Net Cash From Financing Activities	-30	-53	231	156	227	-36	1,574	-1,405	297	465	-646
Net Cash From Continuing Financing Activities	-30	-53	231	156	227	-34	1,574	-1,405	297	465	-644
Repayment of Debt	-185	-109	-10	-55	-1.88	-71	2,075	-1,939	-382	-27	-12
Repurchase of Common Equity	-86	-34	-21	-	-	-	-20	-45	-8.61	-2.93	-16
Payment of Dividends	-	0.00	0.00	-3.92	-	0.00	-40	-9.63	-9.63	-9.63	-9.52
Issuance of Debt	250	4.81	156	70	66	0.00	-41	120	-	11	-72
Other Financing Activities, net	-7.86	85	106	145	163	37	-399	469	697	493	-535

This table details how cash moves in and out of Steel Partners' 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	159	-127	71	49	210	14	-131	-18	-42	18
Net Cash From Operating Activities	42	-152	-48	-6.26	66	9.55	197	69	102	-4.89
Net Cash From Continuing Operating Activities	42	-152	-48	-6.26	66	9.55	197	69	102	-4.89
Net Income / (Loss) Continuing Operations	36	73	25	59	28	43	35	125	37	75
Consolidated Net Income / (Loss)	36	73	25	59	28	43	35	125	37	75
Depreciation Expense	13	14	13	14	15	15	14	14	15	15
Non-Cash Adjustments To Reconcile Net Income	3.82	-51	17	18	40	10	3.28	8.69	16	15
Changes in Operating Assets and Liabilities, net	-11	-187	-103	-97	-17	-59	145	-79	34	-110
Net Cash From Investing Activities	-58	-91	-154	10	-25	26	39	17	-54	109
Net Cash From Continuing Investing Activities	-58	-91	-155	10	-25	26	39	17	-54	109
Purchase of Property, Plant & Equipment	-12	-17	-11	-13	-13	-15	-10	-8.30	-37	-9.25
Purchase of Investments	-141	-26	-5.73	-8.47	-190	-4.23	-14	-29	-7.52	-92
Sale of Property, Plant & Equipment	-	-	0.00	-	0.49	1.36	1.17	0.15	0.18	0.59
Sale and/or Maturity of Investments	149	20	37	1.74	211	10	7.18	19	4.80	253
Other Investing Activities, net	-21	-56	-175	30	-32	34	55	35	-14	-44
Net Cash From Financing Activities	175	115	273	45	168	-22	-367	-103	-90	-86
Net Cash From Continuing Financing Activities	175	115	273	45	168	-22	-365	-103	-90	-86
Repayment of Debt	-59	-108	-9.97	-5.97	-5.39	-5.23	-6.59	-2.84	-1.15	-1.30
Payment of Dividends	-2.41	-2.41	-2.41	-2.41	-2.41	-2.41	-2.38	-2.38	-2.38	-2.38
Issuance of Debt	1.19	-	2.95	1.90	2.06	4.21	-99	-14	42	-0.50
Other Financing Activities, net	236	132	282	52	177	-18	-258	-73	-123	-82

This table presents Steel Partners' 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	1,490	1,685	1,967	2,164	2,356	2,332	3,934	2,675	3,236	3,990	3,580
Total Current Assets	634	719	916	1,029	1,092	1,090	803	1,284	1,805	2,627	2,444
Cash & Equivalents	189	186	450	419	335	138	136	325	234	578	404
Note & Lease Receivable	42	165	91	182	342	548	306	530	1,132	1,583	1,567
Accounts Receivable	88	116	163	189	210	172	166	197	185	216	228
Inventories, net	64	102	119	143	159	148	137	184	214	202	196
Prepaid Expenses	15	45	18	20	33	42	58	48	40	48	49
Plant, Property, & Equipment, net	184	255	261	272	297	250	229	235	239	254	276
Total Noncurrent Assets	672	710	790	863	966	992	2,902	1,156	1,192	1,109	861
Long-Term Investments	312	167	120	236	258	276	291	261	310	41	85
Noncurrent Note & Lease Receivables	76	62	62	88	164	196	2,183	511	423	386	231
Goodwill	46	102	167	170	184	150	151	148	126	149	146
Intangible Assets	119	139	227	199	184	159	139	120	95	114	97
Noncurrent Deferred & Refundable Income Taxes	74	213	183	109	96	91	67	-	-	0.58	80
Employee Benefit Assets	-	-	-	-	-	-	-	-	-	0.00	5.90
Other Noncurrent Operating Assets	45	27	31	61	80	103	72	116	239	418	216
Total Liabilities & Shareholders' Equity	1,490	1,685	1,967	2,164	2,356	2,332	3,934	2,675	3,236	3,990	3,580
Total Liabilities	826	944	1,263	1,597	1,864	1,865	3,395	2,006	2,434	2,985	2,407
Total Current Liabilities	230	321	466	515	697	936	517	715	1,649	2,065	1,818
Accounts Payable	38	61	90	107	107	89	105	125	110	132	132
Accrued Expenses	41	61	82	74	120	104	70	87	113	118	102
Customer Deposits	88	155	197	305	432	615	285	447	1,360	1,712	1,483
Other Current Liabilities	30	41	32	26	34	91	46	55	66	104	102
Total Noncurrent Liabilities	596	623	797	1,082	1,167	929	2,878	1,291	785	920	588
Long-Term Debt	296	236	330	413	478	322	2,414	604	180	191	120
Noncurrent Deferred & Payable Income Tax Liabilities	3.80	4.76	3.73	3.01	2.23	2.50	2.17	14	41	18	10
Noncurrent Employee Benefit Liabilities	208	277	285	268	206	183	183	82	85	46	16
Other Noncurrent Operating Liabilities	89	106	178	398	481	334	279	591	480	664	442
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	664	740	704	567	493	467	539	669	801	1,005	1,173
Total Preferred & Common Equity	495	558	549	546	489	463	535	663	800	959	1,132
Total Common Equity	495	558	549	546	489	463	535	663	800	959	1,132
Common Stock	492	612	618	650	666	654	707	795	952	1,080	1,235
Accumulated Other Comprehensive Income / (Loss)	2.81	-54	-69	-104	-177	-191	-173	-132	-152	-121	-102
Noncontrolling Interest	169	182	156	21	3.72	3.81	4.56	5.71	1.24	47	41

This table presents Steel Partners' 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	3,069	3,553	3,767	3,951	3,641	3,675	3,634
Total Current Assets	1,712	2,082	2,305	2,498	2,313	2,292	2,318
Cash & Equivalents	362	305	353	562	447	429	388
Note & Lease Receivable	882	1,314	1,428	1,443	1,401	1,367	1,430
Accounts Receivable	208	200	255	234	224	242	240
Inventories, net	211	221	224	215	205	205	211
Prepaid Expenses	50	42	44	44	37	48	48
Plant, Property, & Equipment, net	230	240	247	249	253	252	279
Total Noncurrent Assets	1,127	1,231	1,215	1,204	1,074	1,131	1,037
Long-Term Investments	264	306	240	39	58	73	78
Noncurrent Note & Lease Receivables	419	496	463	475	349	323	237
Goodwill	125	126	148	149	149	149	146
Intangible Assets	98	91	123	118	110	106	102
Noncurrent Deferred & Refundable Income Taxes	-	-	-	-	-	80	81
Other Noncurrent Operating Assets	220	212	242	423	409	401	393
Total Liabilities & Shareholders' Equity	3,069	3,553	3,767	3,951	3,641	3,675	3,634
Total Liabilities	2,321	2,733	2,851	3,016	2,640	2,561	2,550
Total Current Liabilities	1,445	1,868	1,975	2,088	1,865	1,821	1,821
Accounts Payable	136	120	136	132	143	152	155
Accrued Expenses	120	107	136	138	98	98	99
Customer Deposits	1,117	1,572	1,613	1,722	1,526	1,476	1,475
Other Current Liabilities	72	67	90	95	98	95	92
Total Noncurrent Liabilities	876	865	876	928	775	740	730
Long-Term Debt	236	214	211	207	101	84	120
Noncurrent Deferred & Payable Income Tax Liabilities	31	48	16	5.97	19	26	35
Noncurrent Employee Benefit Liabilities	64	88	90	84	44	43	43
Other Noncurrent Operating Liabilities	544	516	559	632	610	587	531
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	748	820	916	935	1,001	1,114	1,084
Total Preferred & Common Equity	746	819	866	886	954	1,068	1,043
Total Common Equity	746	819	866	886	954	1,068	1,043
Common Stock	883	969	1,017	1,038	1,076	1,191	1,164
Accumulated Other Comprehensive Income / (Loss)	-137	-151	-151	-153	-122	-123	-121
Noncontrolling Interest	1.17	1.20	50	49	48	45	41

This table displays calculated financial ratios and metrics derived from Steel Partners' official financial filings.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	17.49%	13.90%	20.57%	17.92%	15.49%	-8.18%	-9.92%	16.35%	11.18%	12.39%	6.42%
EBITDA Growth	34.09%	12.90%	29.27%	20.84%	-36.90%	192.09%	6.35%	28.78%	23.36%	-37.76%	29.90%
EBIT Growth	52.94%	-7.53%	-3.98%	80.15%	-123.31%	1,595.56%	9.94%	44.03%	32.73%	-45.57%	38.69%
NOPAT Growth	-90.20%	10,264.26%	-101.48%	-618.36%	39.36%	1,931.71%	-10.77%	20.32%	67.03%	-24.82%	69.96%
Net Income Growth	-116.22%	2,254.21%	-98.36%	133.84%	-623.79%	94.62%	4,425.74%	80.92%	55.50%	-25.30%	76.12%
EPS Growth	-142.86%	1,944.44%	-94.98%	0.00%	0.00%	0.00%	2,850.00%	201.21%	63.38%	-20.81%	76.98%
Operating Cash Flow Growth	-17.82%	-117.74%	1,512.41%	-108.07%	434.50%	108.95%	194.03%	-76.00%	-370.32%	110.09%	1,611.82%
Free Cash Flow Firm Growth	231.98%	-267.59%	136.30%	228.38%	-160.95%	138.84%	-4,329.23%	199.57%	-76.42%	-95.08%	120.03%
Invested Capital Growth	-27.76%	104.90%	-11.81%	-45.25%	45.16%	20.08%	474.47%	-72.89%	-36.35%	31.97%	39.19%
Revenue Q/Q Growth	11.59%	2.72%	9.00%	1.24%	2.81%	-2.43%	-0.28%	6.51%	-0.54%	2.38%	1.55%
EBITDA Q/Q Growth	-13.50%	9.20%	26.81%	10.45%	-9.67%	47.83%	13.05%	-3.94%	4.41%	-20.26%	2.07%
EBIT Q/Q Growth	-37.42%	8.57%	75.97%	72.34%	-1,225.69%	99.45%	20.13%	-4.44%	5.93%	-26.09%	2.47%
NOPAT Q/Q Growth	-96.81%	1,322.46%	-101.55%	-16.77%	79.60%	186.90%	-31.04%	-10.32%	14.65%	-19.04%	9.76%
Net Income Q/Q Growth	-110.08%	150.60%	-96.85%	629.61%	-65.74%	-143.56%	218.63%	-34.52%	26.75%	-16.48%	13.33%
EPS Q/Q Growth	-118.62%	144.12%	0.00%	0.00%	0.00%	0.00%	159.35%	-28.49%	23.22%	-15.62%	16.60%
Operating Cash Flow Q/Q Growth	35.76%	-127.94%	81.55%	31.28%	-55.56%	58.40%	-7.48%	-12.15%	-428.59%	115.16%	-3.82%
Free Cash Flow Firm Q/Q Growth	297.79%	-423.27%	159.48%	146.61%	-213.01%	198.01%	-875.25%	434.75%	-52.26%	18.74%	-9.53%
Invested Capital Q/Q Growth	-40.17%	16.22%	-28.91%	-54.85%	-12.80%	-13.72%	516.03%	-40.08%	21.88%	6.77%	9.03%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	30.58%	30.57%	29.91%	30.14%	29.95%	34.57%	34.39%	34.15%	33.93%	39.39%	42.79%
EBITDA Margin	7.52%	7.45%	7.99%	8.19%	4.47%	14.23%	16.80%	18.60%	20.64%	11.43%	13.95%
Operating Margin	2.98%	2.42%	1.93%	2.95%	-0.59%	9.68%	11.82%	14.63%	17.47%	8.46%	11.03%
EBIT Margin	2.98%	2.42%	1.93%	2.95%	-0.59%	9.68%	11.82%	14.63%	17.47%	8.46%	11.03%
Profit (Net Income) Margin	-0.86%	16.22%	0.22%	0.44%	-1.99%	-0.12%	5.59%	8.69%	12.16%	8.08%	13.37%
Tax Burden Percent	-28.76%	669.98%	11.46%	14.87%	334.22%	-1.66%	58.44%	66.00%	74.83%	95.53%	121.31%
Interest Burden Percent	100.00%	100.00%	100.00%	100.00%	100.00%	72.44%	80.95%	90.03%	93.03%	100.00%	100.00%
Effective Tax Rate	96.10%	-336.85%	106.75%	126.91%	0.00%	14.27%	30.41%	41.86%	26.84%	-1.04%	-23.82%
Return on Invested Capital (ROIC)	0.32%	26.15%	-0.31%	-3.04%	-2.12%	29.86%	7.24%	8.05%	38.51%	32.09%	40.08%
ROIC Less NNEP Spread (ROIC-NNEP)	2.10%	8.69%	-2.09%	-9.12%	9.23%	193.28%	3.74%	8.33%	44.59%	34.33%	41.49%
Return on Net Nonoperating Assets (RNNOA)	-1.27%	-3.86%	0.66%	3.98%	-3.82%	-30.21%	7.33%	13.90%	-10.47%	-15.04%	-15.18%
Return on Equity (ROE)	-0.95%	22.30%	0.36%	0.95%	-5.94%	-0.35%	14.57%	21.95%	28.04%	17.05%	24.90%
Cash Return on Invested Capital (CROIC)	32.55%	-42.66%	12.24%	55.44%	-38.96%	11.61%	-133.45%	122.74%	82.94%	4.52%	7.31%
Operating Return on Assets (OROA)	1.68%	1.47%	1.23%	1.96%	-0.42%	6.01%	4.94%	6.75%	10.02%	4.46%	5.91%
Return on Assets (ROA)	-0.48%	9.86%	0.14%	0.29%	-1.39%	-0.07%	2.34%	4.01%	6.98%	4.26%	7.17%
Return on Common Equity (ROCE)	-0.68%	16.71%	0.27%	0.81%	-5.81%	-0.35%	14.45%	21.76%	27.91%	16.59%	23.89%
Return on Equity Simple (ROE_SIMPLE)	-1.47%	28.06%	0.47%	1.10%	-6.44%	-0.37%	13.71%	19.99%	25.76%	16.06%	23.95%
Net Operating Profit after Tax (NOPAT)	0.99	102	-1.51	-11	-6.60	121	108	130	217	163	277
NOPAT Margin	0.12%	10.58%	-0.13%	-0.79%	-0.42%	8.30%	8.23%	8.51%	12.78%	8.55%	13.65%
Net Nonoperating Expense Percent (NNEP)	-1.78%	17.47%	1.79%	6.08%	-11.35%	-163.42%	3.50%	-0.28%	-6.08%	-2.24%	-1.41%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	-	-	13.61%	21.41%
Cost of Revenue to Revenue	69.42%	69.43%	70.09%	69.86%	70.05%	65.43%	65.61%	65.85%	66.07%	60.61%	57.21%
SG&A Expenses to Revenue	22.23%	23.85%	24.26%	24.61%	22.26%	22.99%	22.19%	19.94%	22.61%	26.50%	26.98%
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	27.59%	28.15%	27.98%	27.19%	30.55%	24.88%	22.57%	19.52%	16.47%	30.93%	31.77%
Earnings before Interest and Taxes (EBIT)	25	23	22	40	-9.42	141	155	223	296	161	224
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	64	72	93	112	71	207	220	284	350	218	283
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.01	0.80	0.75	0.93	0.71	0.65	1.03	1.83	1.44	1.06	0.90
Price to Tangible Book Value (P/TBV)	1.52	1.40	2.66	2.88	2.87	1.95	2.25	3.07	1.98	1.46	1.15
Price to Revenue (P/Rev)	0.59	0.46	0.35	0.37	0.22	0.21	0.42	0.80	0.68	0.53	0.50
Price to Earnings (P/E)	0.00	3.26	61.92	0.00	0.00	0.00	7.60	9.24	5.58	6.72	3.91
Dividend Yield	0.00%	0.00%	0.97%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	30.72%	1.62%	0.00%	0.00%	0.00%	13.16%	10.82%	17.91%	14.87%	25.55%
Enterprise Value to Invested Capital (EV/IC)	1.28	0.78	0.70	0.85	0.62	0.52	1.01	1.80	1.80	1.10	0.86
Enterprise Value to Revenue (EV/Rev)	0.39	0.43	0.28	0.16	0.14	0.16	1.95	0.81	0.46	0.33	0.34
Enterprise Value to EBITDA (EV/EBITDA)	5.13	5.72	3.48	1.92	3.20	1.11	11.60	4.37	2.25	2.91	2.46
Enterprise Value to EBIT (EV/EBIT)	12.92	17.60	14.44	5.35	0.00	1.63	16.49	5.55	2.66	3.93	3.11
Enterprise Value to NOPAT (EV/NOPAT)	331.50	4.03	0.00	0.00	0.00	1.90	23.69	9.55	3.63	3.89	2.51
Enterprise Value to Operating Cash Flow (EV/OCF)	4.18	0.00	1.66	0.00	4.31	2.09	7.88	15.93	0.00	29.84	1.91
Enterprise Value to Free Cash Flow (EV/FCFF)	3.29	0.00	5.36	1.09	0.00	4.90	0.00	0.63	1.69	27.58	13.76
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.48	0.32	0.56	0.73	0.98	0.72	4.50	0.90	0.23	0.19	0.10
Long-Term Debt to Equity	0.45	0.32	0.47	0.73	0.97	0.69	4.48	0.90	0.22	0.19	0.10
Financial Leverage	-0.60	-0.44	-0.32	-0.44	-0.41	-0.16	1.96	1.67	-0.23	-0.44	-0.37
Leverage Ratio	1.96	2.26	2.53	3.25	4.27	4.89	6.23	5.47	4.02	4.00	3.47
Compound Leverage Factor	1.96	2.26	2.53	3.25	4.27	3.54	5.04	4.92	3.74	4.00	3.47
Debt to Total Capital	32.23%	24.43%	35.90%	42.24%	49.46%	42.01%	81.81%	47.49%	18.37%	15.99%	9.25%
Short-Term Debt to Total Capital	2.05%	0.35%	5.85%	0.21%	0.40%	1.99%	0.36%	0.09%	0.08%	0.00%	0.00%
Long-Term Debt to Total Capital	30.18%	24.08%	30.05%	42.03%	49.06%	40.02%	81.44%	47.39%	18.29%	15.99%	9.25%
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	17.27%	18.61%	14.15%	2.13%	0.38%	0.47%	0.15%	0.45%	0.13%	3.91%	3.17%
Common Equity to Total Capital	50.50%	56.96%	49.94%	55.63%	50.16%	57.51%	18.04%	52.07%	81.51%	80.11%	87.58%
Debt to EBITDA	4.96	3.33	4.24	3.69	6.80	1.63	11.01	2.13	0.52	0.88	0.42
Net Debt to EBITDA	-5.41	-3.01	-2.60	-2.80	-1.76	-0.37	9.07	0.07	-1.04	-1.96	-1.31
Long-Term Debt to EBITDA	4.64	3.28	3.55	3.67	6.74	1.56	10.96	2.13	0.51	0.88	0.42
Debt to NOPAT	320.65	2.34	-260.53	-38.13	-73.08	2.80	22.49	4.66	0.83	1.17	0.43
Net Debt to NOPAT	-350.11	-2.12	159.87	28.89	18.92	-0.63	18.53	0.14	-1.68	-2.63	-1.33
Long-Term Debt to NOPAT	300.21	2.31	-218.05	-37.94	-72.49	2.67	22.39	4.66	0.83	1.17	0.43
Altman Z-Score	1.31	1.19	1.10	1.17	0.97	1.00	0.65	1.46	1.17	0.98	1.24
Noncontrolling Interest Sharing Ratio	27.68%	25.03%	23.39%	13.88%	2.33%	0.78%	0.83%	0.85%	0.47%	2.66%	4.03%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.76	2.24	1.97	2.00	1.57	1.16	1.55	1.80	1.09	1.27	1.34
Quick Ratio	1.99	1.70	1.63	1.65	1.27	0.92	1.18	1.47	0.94	1.15	1.21
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	99	-166	60	198	-121	47	-1,987	1,979	467	23	51
Operating Cash Flow to CapEx	296.57%	-109.88%	10,096.95%	-39.68%	128.11%	286.13%	1,602.34%	171.50%	-454.06%	42.78%	577.83%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	1.21	-67.33	88.92	22.60	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	2.84	10.98	3.50	-10.18	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	1.85	10.30	1.46	-12.42	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.56	0.61	0.64	0.66	0.70	0.62	0.42	0.46	0.57	0.53	0.54
Accounts Receivable Turnover	9.52	9.45	8.34	7.79	7.95	7.62	7.75	8.40	8.88	9.50	9.13
Inventory Turnover	9.48	8.06	7.37	7.32	7.36	6.20	6.02	6.25	5.62	5.55	5.83
Fixed Asset Turnover	4.62	4.39	4.50	5.14	5.57	5.31	5.47	6.57	7.16	7.74	7.66
Accounts Payable Turnover	15.80	13.57	10.80	9.72	10.41	9.76	8.89	8.73	9.54	9.56	8.80
Days Sales Outstanding (DSO)	38.33	38.62	43.78	46.83	45.93	47.91	47.10	43.46	41.09	38.43	40.00
Days Inventory Outstanding (DIO)	38.52	45.31	49.56	49.86	49.57	58.91	60.60	58.41	64.90	65.80	62.60
Days Payable Outstanding (DPO)	23.10	26.91	33.80	37.54	35.07	37.41	41.07	41.81	38.25	38.16	41.48
Cash Conversion Cycle (CCC)	53.75	57.02	59.54	59.14	60.43	69.41	66.63	60.06	67.75	66.07	61.11
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	256	525	463	253	368	442	2,536	688	438	578	804
Invested Capital Turnover	2.78	2.47	2.36	3.83	5.10	3.60	0.88	0.95	3.01	3.75	2.94
Increase / (Decrease) in Invested Capital	-98	269	-62	-209	114	74	2,095	-1,849	-250	140	226
Enterprise Value (EV)	327	411	324	216	227	230	2,554	1,239	787	633	695
Market Capitalization	502	445	411	509	348	302	552	1,215	1,150	1,014	1,024
Book Value per Share	$17.96	$20.96	$20.98	$20.99	$19.01	$18.50	$21.21	$31.38	$36.95	$44.99	$59.02
Tangible Book Value per Share	$11.99	$11.92	$5.89	$6.79	$4.72	$6.18	$9.73	$18.71	$26.77	$32.65	$46.36
Total Capital	980	980	1,099	982	974	805	2,964	1,274	982	1,197	1,293
Total Debt	316	239	394	415	482	338	2,424	605	180	191	120
Total Long-Term Debt	296	236	330	413	478	322	2,414	604	180	191	120
Net Debt	-345	-216	-242	-314	-125	-76	1,997	19	-364	-428	-370
Capital Expenditures (CapEx)	26	13	1.94	40	41	39	20	45	46	50	63
Debt-free, Cash-free Net Working Capital (DFCFNWC)	76	113	-2.36	23	51	32	161	245	-78	-16	221
Debt-free Net Working Capital (DFNWC)	424	402	514	516	399	170	297	570	157	562	625
Net Working Capital (NWC)	404	398	450	514	396	154	286	569	156	562	625
Net Nonoperating Expense (NNE)	8.25	-54	-4.09	-17	25	123	35	-2.87	10	8.88	5.62
Net Nonoperating Obligations (NNO)	-408	-216	-242	-314	-125	-25	1,997	19	-364	-428	-370
Total Depreciation and Amortization (D&A)	38	49	71	72	80	66	65	61	54	57	59
Debt-free, Cash-free Net Working Capital to Revenue	8.93%	11.74%	-0.20%	1.68%	3.20%	2.19%	12.30%	16.06%	-4.58%	-0.82%	10.89%
Debt-free Net Working Capital to Revenue	50.09%	41.62%	44.18%	37.59%	25.21%	11.69%	22.67%	37.40%	9.25%	29.51%	30.84%
Net Working Capital to Revenue	47.71%	41.26%	38.65%	37.44%	24.96%	10.59%	21.84%	37.32%	9.21%	29.51%	30.84%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.27)	$5.00	$0.25	$0.00	($1.25)	$0.16	$0.00	$6.09	$9.03	$7.04	$13.07
Adjusted Weighted Average Basic Shares Outstanding	28.71M	27.32M	26.35M	26.05M	24.79M	24.96M	24.81M	21.56M	22.81M	21.43M	20.01M
Adjusted Diluted Earnings per Share	($0.27)	$4.98	$0.25	$0.00	$0.00	$0.00	$1.65	$4.97	$8.12	$6.43	$11.38
Adjusted Weighted Average Diluted Shares Outstanding	28.71M	27.44M	26.49M	26.05M	24.79M	24.97M	51.39M	28.92M	26.87M	25.36M	24.05M
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	28.71M	27.32M	26.35M	26.05M	25.98M	24.96M	24.81M	21.56M	22.81M	21.43M	20.01M
Normalized Net Operating Profit after Tax (NOPAT)	48	78	45	30	-0.92	135	109	130	219	113	157
Normalized NOPAT Margin	5.72%	8.05%	3.85%	2.17%	-0.06%	9.29%	8.32%	8.51%	12.92%	5.95%	7.74%
Pre Tax Income Margin	2.98%	2.42%	1.93%	2.95%	-0.59%	7.02%	9.57%	13.17%	16.25%	8.46%	11.03%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	3.63	5.25	10.03	14.34	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	3.11	3.65	5.83	10.49	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	2.64	4.56	7.99	12.10	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	2.12	2.97	3.79	8.25	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	65.25%	0.00%	0.00%	54.59%	7.27%	4.67%	6.26%	3.51%
Augmented Payout Ratio	-1,188.90%	21.94%	815.09%	65.25%	0.00%	0.00%	82.51%	41.24%	8.85%	8.16%	9.48%

This table displays calculated financial ratios and metrics derived from Steel Partners' 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	8.56%	-2.14%	9.77%	13.48%	15.64%	10.48%	6.95%	6.43%	5.72%	6.64%
EBITDA Growth	22.50%	16.54%	75.60%	-58.01%	-28.80%	-53.13%	-1.33%	29.82%	52.20%	49.43%
EBIT Growth	38.11%	22.38%	131.55%	-64.12%	-40.07%	-62.82%	-4.65%	37.06%	76.72%	70.64%
NOPAT Growth	38.35%	63.31%	180.84%	-31.92%	-22.19%	-53.00%	9.56%	96.91%	18.84%	132.72%
Net Income Growth	64.80%	147.17%	446.20%	-36.37%	-23.45%	-41.58%	40.31%	113.16%	32.22%	74.72%
EPS Growth	57.61%	107.75%	445.00%	-30.68%	-21.38%	-40.34%	37.61%	98.77%	44.74%	92.05%
Operating Cash Flow Growth	-3.55%	-909.01%	-262.49%	92.85%	56.33%	106.29%	509.26%	1,200.99%	53.75%	-151.23%
Free Cash Flow Firm Growth	217.17%	-83.01%	-98.12%	-101.45%	-118.21%	-133.05%	-397.87%	-29.51%	-5.75%	-39.28%
Invested Capital Growth	-68.70%	-36.35%	-3.10%	20.96%	50.64%	31.97%	40.99%	30.46%	36.30%	39.19%
Revenue Q/Q Growth	-3.56%	-0.72%	5.38%	12.47%	-1.73%	-5.15%	2.02%	11.93%	-2.39%	-4.32%
EBITDA Q/Q Growth	-57.39%	65.73%	-40.17%	-0.62%	-27.75%	9.10%	7.36%	30.75%	-15.29%	7.12%
EBIT Q/Q Growth	-62.62%	80.70%	-45.51%	-2.51%	-37.56%	12.09%	11.71%	40.14%	-19.50%	8.23%
NOPAT Q/Q Growth	-57.21%	79.56%	-54.28%	93.80%	-51.10%	8.45%	-14.79%	248.33%	-70.49%	112.38%
Net Income Q/Q Growth	-60.45%	100.62%	-66.06%	136.32%	-52.42%	53.11%	-18.49%	259.03%	-70.49%	102.32%
EPS Q/Q Growth	-58.81%	103.45%	-63.05%	123.85%	-53.28%	54.39%	-14.77%	223.33%	-65.98%	104.85%
Operating Cash Flow Q/Q Growth	148.36%	-458.33%	68.20%	87.02%	1,156.78%	-85.58%	1,968.29%	-65.08%	47.57%	-104.81%
Free Cash Flow Firm Q/Q Growth	-58.61%	-61.17%	-85.61%	-162.76%	-419.27%	29.54%	-22.03%	72.71%	-324.02%	7.21%
Invested Capital Q/Q Growth	-18.62%	21.88%	-3.17%	25.95%	1.35%	6.77%	0.81%	16.54%	5.89%	9.03%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	35.71%	31.81%	39.58%	41.59%	34.94%	41.55%	42.29%	42.70%	41.84%	44.37%
EBITDA Margin	14.76%	24.64%	13.99%	12.36%	9.09%	10.45%	12.91%	15.08%	13.08%	14.65%
Operating Margin	11.78%	21.44%	11.08%	9.61%	6.10%	7.21%	9.88%	12.37%	10.20%	11.54%
EBIT Margin	11.78%	21.44%	11.08%	9.61%	6.10%	7.21%	9.88%	12.37%	10.20%	11.54%
Profit (Net Income) Margin	8.56%	17.29%	5.57%	11.70%	5.67%	9.14%	7.31%	23.44%	7.09%	14.98%
Tax Burden Percent	80.91%	86.60%	57.18%	121.81%	92.81%	107.65%	76.20%	189.44%	69.44%	126.74%
Interest Burden Percent	89.81%	93.16%	87.87%	100.00%	100.00%	117.77%	97.04%	100.00%	100.00%	102.43%
Effective Tax Rate	20.46%	20.96%	33.67%	-31.86%	-3.27%	0.08%	23.78%	-89.44%	30.56%	-36.27%
Return on Invested Capital (ROIC)	21.20%	51.06%	29.63%	46.63%	26.07%	27.05%	28.56%	75.02%	22.14%	46.17%
ROIC Less NNEP Spread (ROIC-NNEP)	16.72%	50.20%	32.21%	48.09%	26.87%	24.77%	28.82%	75.02%	22.14%	47.10%
Return on Net Nonoperating Assets (RNNOA)	1.90%	-11.79%	-13.40%	-19.49%	-12.50%	-10.85%	-12.66%	-29.55%	-8.12%	-17.24%
Return on Equity (ROE)	23.10%	39.27%	16.23%	27.14%	13.57%	16.20%	15.90%	45.46%	14.02%	28.93%
Cash Return on Invested Capital (CROIC)	129.75%	82.94%	58.27%	24.10%	4.30%	4.52%	1.85%	13.88%	8.74%	7.31%
Operating Return on Assets (OROA)	7.04%	12.30%	6.26%	5.21%	3.24%	3.80%	5.32%	6.55%	5.37%	6.18%
Return on Assets (ROA)	5.12%	9.92%	3.15%	6.35%	3.00%	4.82%	3.93%	12.40%	3.73%	8.03%
Return on Common Equity (ROCE)	22.99%	39.08%	16.20%	26.30%	13.16%	15.77%	15.47%	43.33%	13.39%	27.77%
Return on Equity Simple (ROE_SIMPLE)	21.79%	0.00%	27.66%	22.27%	20.82%	0.00%	17.20%	21.56%	22.95%	0.00%
Net Operating Profit after Tax (NOPAT)	40	72	33	63	31	34	36	125	37	78
NOPAT Margin	9.37%	16.94%	7.35%	12.67%	6.30%	7.21%	7.53%	23.44%	7.09%	15.73%
Net Nonoperating Expense Percent (NNEP)	4.48%	0.86%	-2.59%	-1.46%	-0.80%	2.29%	-0.27%	0.00%	0.00%	-0.93%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	2.81%	-	-	-	6.06%
Cost of Revenue to Revenue	64.29%	68.19%	60.42%	58.41%	65.06%	58.45%	57.71%	57.30%	58.16%	55.63%
SG&A Expenses to Revenue	22.00%	24.32%	25.81%	27.22%	25.38%	27.57%	28.40%	26.20%	26.38%	27.08%
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	23.93%	10.37%	28.50%	31.98%	28.84%	34.34%	32.41%	30.33%	31.64%	32.83%
Earnings before Interest and Taxes (EBIT)	50	91	49	48	30	34	47	66	53	57
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	63	104	62	62	45	49	61	80	68	73
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.51	1.44	1.37	1.40	1.20	1.06	1.03	0.86	0.94	0.90
Price to Tangible Book Value (P/TBV)	2.16	1.98	1.86	2.03	1.72	1.46	1.42	1.13	1.24	1.15
Price to Revenue (P/Rev)	0.66	0.68	0.65	0.67	0.57	0.53	0.51	0.47	0.49	0.50
Price to Earnings (P/E)	6.98	5.58	4.95	6.26	5.84	6.72	6.14	4.22	4.30	3.91
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	14.32%	17.91%	20.18%	15.98%	17.12%	14.87%	16.29%	23.72%	23.24%	25.55%
Enterprise Value to Invested Capital (EV/IC)	2.07	1.80	1.71	1.64	1.33	1.10	1.05	0.78	0.92	0.86
Enterprise Value to Revenue (EV/Rev)	0.44	0.46	0.42	0.49	0.39	0.33	0.32	0.28	0.34	0.34
Enterprise Value to EBITDA (EV/EBITDA)	2.22	2.25	1.93	3.01	2.64	2.91	2.67	2.15	2.44	2.46
Enterprise Value to EBIT (EV/EBIT)	2.66	2.66	2.24	3.68	3.31	3.93	3.54	2.79	3.10	3.11
Enterprise Value to NOPAT (EV/NOPAT)	3.93	3.63	3.06	4.18	3.59	3.89	3.43	2.20	2.68	2.51
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	0.00	0.00	0.00	29.84	2.35	1.59	1.79	1.91
Enterprise Value to Free Cash Flow (EV/FCFF)	0.76	1.69	2.89	7.46	37.33	27.58	66.29	6.38	12.12	13.76
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.32	0.23	0.26	0.23	0.22	0.19	0.10	0.08	0.11	0.10
Long-Term Debt to Equity	0.32	0.22	0.26	0.23	0.22	0.19	0.10	0.08	0.11	0.10
Financial Leverage	0.11	-0.23	-0.42	-0.41	-0.47	-0.44	-0.44	-0.39	-0.37	-0.37
Leverage Ratio	4.22	4.02	4.16	4.04	4.17	4.00	3.95	3.67	3.76	3.47
Compound Leverage Factor	3.79	3.74	3.66	4.04	4.17	4.71	3.83	3.67	3.76	3.56
Debt to Total Capital	24.06%	18.37%	20.77%	18.71%	18.16%	15.99%	9.18%	7.03%	9.98%	9.25%
Short-Term Debt to Total Capital	0.05%	0.08%	0.10%	0.03%	0.02%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	24.02%	18.29%	20.67%	18.68%	18.14%	15.99%	9.18%	7.03%	9.98%	9.25%
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	0.12%	0.13%	0.12%	4.40%	4.33%	3.91%	4.31%	3.80%	3.39%	3.17%
Common Equity to Total Capital	75.82%	81.51%	79.11%	76.89%	77.51%	80.11%	86.51%	89.18%	86.63%	87.58%
Debt to EBITDA	0.71	0.52	0.57	0.72	0.76	0.88	0.43	0.33	0.43	0.42
Net Debt to EBITDA	-1.16	-1.04	-1.05	-1.31	-1.44	-1.96	-1.72	-1.64	-1.25	-1.31
Long-Term Debt to EBITDA	0.71	0.51	0.57	0.72	0.76	0.88	0.43	0.33	0.43	0.42
Debt to NOPAT	1.25	0.83	0.91	1.00	1.03	1.17	0.55	0.34	0.48	0.43
Net Debt to NOPAT	-2.06	-1.68	-1.67	-1.82	-1.96	-2.63	-2.20	-1.68	-1.37	-1.33
Long-Term Debt to NOPAT	1.25	0.83	0.90	1.00	1.03	1.17	0.55	0.34	0.48	0.43
Altman Z-Score	1.01	0.96	0.85	0.88	0.83	0.88	0.95	0.96	0.99	1.08
Noncontrolling Interest Sharing Ratio	0.47%	0.47%	0.15%	3.09%	3.01%	2.66%	2.67%	4.68%	4.47%	4.03%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.18	1.09	1.11	1.17	1.20	1.27	1.24	1.26	1.27	1.34
Quick Ratio	1.00	0.94	0.97	1.03	1.07	1.15	1.11	1.12	1.13	1.21
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	828	322	46	-29	-151	-106	-138	-38	-160	-148
Operating Cash Flow to CapEx	361.30%	-874.24%	-450.58%	-48.77%	524.20%	71.10%	2,220.40%	846.28%	273.76%	-56.48%
Free Cash Flow to Firm to Interest Expense	162.08	51.89	7.73	0.00	0.00	0.00	-98.89	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	8.29	-24.48	-8.06	0.00	0.00	0.00	141.65	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	5.99	-27.28	-9.85	0.00	0.00	0.00	135.27	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.60	0.57	0.57	0.54	0.53	0.53	0.54	0.53	0.53	0.54
Accounts Receivable Turnover	8.24	8.88	8.26	7.60	8.42	9.50	9.15	7.92	8.42	9.13
Inventory Turnover	5.92	5.62	5.36	5.15	5.50	5.55	5.45	5.46	5.43	5.83
Fixed Asset Turnover	7.69	7.16	7.41	7.55	7.77	7.74	7.85	7.90	7.56	7.66
Accounts Payable Turnover	8.34	9.54	8.09	8.02	8.75	9.56	8.83	8.16	8.07	8.80
Days Sales Outstanding (DSO)	44.32	41.09	44.21	48.05	43.36	38.43	39.88	46.07	43.37	40.00
Days Inventory Outstanding (DIO)	61.69	64.90	68.11	70.94	66.39	65.80	66.94	66.79	67.19	62.60
Days Payable Outstanding (DPO)	43.78	38.25	45.09	45.52	41.71	38.16	41.35	44.72	45.24	41.48
Cash Conversion Cycle (CCC)	62.23	67.75	67.23	73.47	68.04	66.07	65.47	68.14	65.32	61.11
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	359	438	424	534	541	578	597	696	737	804
Invested Capital Turnover	2.26	3.01	4.03	3.68	4.14	3.75	3.79	3.20	3.12	2.94
Increase / (Decrease) in Invested Capital	-788	-250	-14	92	182	140	174	163	196	226
Enterprise Value (EV)	743	787	726	877	722	633	628	545	677	695
Market Capitalization	1,131	1,150	1,121	1,209	1,066	1,014	984	917	982	1,024
Book Value per Share	$34.28	$36.95	$37.99	$39.98	$41.45	$44.99	$46.03	$52.38	$50.93	$59.02
Tangible Book Value per Share	$24.01	$26.77	$27.91	$27.46	$28.96	$32.65	$33.55	$39.91	$38.84	$46.36
Total Capital	985	982	1,035	1,127	1,142	1,197	1,102	1,198	1,204	1,293
Total Debt	237	180	215	211	207	191	101	84	120	120
Total Long-Term Debt	236	180	214	211	207	191	101	84	120	120
Net Debt	-389	-364	-396	-382	-394	-428	-404	-417	-346	-370
Capital Expenditures (CapEx)	12	17	11	13	13	13	8.89	8.15	37	8.66
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-94	-78	-89	-23	-152	-16	1.62	42	109	221
Debt-free Net Working Capital (DFNWC)	268	157	216	330	410	562	448	471	497	625
Net Working Capital (NWC)	267	156	215	330	410	562	448	471	497	625
Net Nonoperating Expense (NNE)	3.45	-1.48	7.94	4.84	3.14	-9.05	1.07	0.00	0.00	3.71
Net Nonoperating Obligations (NNO)	-389	-364	-396	-382	-394	-428	-404	-417	-346	-370
Total Depreciation and Amortization (D&A)	13	14	13	14	15	15	14	14	15	15
Debt-free, Cash-free Net Working Capital to Revenue	-5.51%	-4.58%	-5.15%	-1.30%	-8.16%	-0.82%	0.08%	2.14%	5.47%	10.89%
Debt-free Net Working Capital to Revenue	15.70%	9.25%	12.43%	18.38%	22.05%	29.51%	23.15%	23.92%	24.91%	30.84%
Net Working Capital to Revenue	15.67%	9.21%	12.37%	18.36%	22.03%	29.51%	23.15%	23.92%	24.91%	30.84%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.57	$3.22	$1.15	$2.75	$1.20	$1.94	$1.65	$5.72	$1.83	$3.87
Adjusted Weighted Average Basic Shares Outstanding	23.15M	22.81M	21.69M	21.51M	21.30M	21.43M	20.76M	20.33M	19.93M	20.01M
Adjusted Diluted Earnings per Share	$1.45	$2.95	$1.09	$2.44	$1.14	$1.76	$1.50	$4.85	$1.65	$3.38
Adjusted Weighted Average Diluted Shares Outstanding	27.25M	26.87M	25.54M	25.46M	25.08M	25.36M	24.81M	24.62M	23.99M	24.05M
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	23.15M	22.81M	21.69M	21.51M	21.30M	21.43M	20.76M	20.33M	19.93M	20.01M
Normalized Net Operating Profit after Tax (NOPAT)	42	72	33	34	21	34	36	46	37	40
Normalized NOPAT Margin	9.83%	16.99%	7.35%	6.77%	4.27%	7.21%	7.53%	8.66%	7.16%	8.08%
Pre Tax Income Margin	10.58%	19.97%	9.74%	9.61%	6.10%	8.50%	9.59%	12.37%	10.20%	11.82%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	9.81	14.62	8.25	0.00	0.00	0.00	33.76	0.00	0.00	0.00
NOPAT to Interest Expense	7.80	11.55	5.47	0.00	0.00	0.00	25.73	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	7.52	11.82	6.46	0.00	0.00	0.00	27.38	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	5.51	8.75	3.68	0.00	0.00	0.00	19.35	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	5.92%	4.67%	4.25%	4.99%	5.22%	6.26%	5.86%	4.16%	3.99%	3.51%
Augmented Payout Ratio	38.90%	8.85%	4.25%	4.99%	6.73%	8.16%	7.66%	10.17%	10.81%	9.48%

Frequently Asked Questions About Steel Partners' Financials

When does Steel Partners's fiscal year end?

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

How has Steel Partners' net income changed over the last 10 years?

Steel Partners' net income appears to be on an upward trend, with a most recent value of $271.22 million in 2024, falling from -$7.27 million in 2014. The previous period was $154.00 million in 2023.

What is Steel Partners's operating income?

Steel Partners's total operating income in 2024 was $223.58 million, based on the following breakdown:

Total Gross Profit: $867.75 million
Total Operating Expenses: $644.17 million

How has Steel Partners revenue changed over the last 10 years?

Over the last 10 years, Steel Partners' total revenue changed from $847.26 million in 2014 to $2.03 billion in 2024, a change of 139.3%.

How much debt does Steel Partners have?

Steel Partners' total liabilities were at $2.41 billion at the end of 2024, a 19.4% decrease from 2023, and a 191.2% increase since 2014.

How much cash does Steel Partners have?

In the past 10 years, Steel Partners' cash and equivalents has ranged from $135.79 million in 2020 to $577.93 million in 2023, and is currently $404.44 million as of their latest financial filing in 2024.

How has Steel Partners' book value per share changed over the last 10 years?

Over the last 10 years, Steel Partners' book value per share changed from 17.96 in 2014 to 59.02 in 2024, a change of 228.6%.

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This page (NYSE:SPLP) was last updated on 4/24/2025 by MarketBeat.com Staff

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Steel Partners (SPLP) Financials

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Steel Partners (SPLP) Financials

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