AIMC · Altra Industrial Motion Corp. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|
| Revenue | $1.95B | $1.90B | $1.73B | $1.83B | $708.91M | $876.74M |
| Cost of Revenue | $1.25B | $1.22B | $1.10B | $1.18B | $799.23M | $600.96M |
| Gross Profit | $692.90M | $675.40M | $622.40M | $656.30M | $376.11M | $275.78M |
| R&D | $64.10M | $63.90M | $57.80M | $59.10M | $33.08M | $24.43M |
| SG&A | $370.00M | $368.70M | $332.20M | $359.00M | $251.91M | $164.49M |
| Total Operating Expenses | $452.50M | $578.00M | $544.90M | $432.20M | $289.43M | $194.79M |
| D&A | $94.20M | $122.30M | $127.60M | $128.40M | $60.03M | $36.02M |
| Operating Income | $240.40M | $97.40M | $77.50M | $224.10M | $86.68M | $80.99M |
| Interest Expense | - | - | - | - | - | - |
| Income Tax | $62.30M | ($19.90M) | $29.50M | $21.00M | $16.41M | $19.70M |
| Net Income | $127.00M | $27.70M | ($25.50M) | $127.20M | $35.34M | $51.43M |
| EPS - Basic | $1.95 | $0.43 | ($0.39) | $1.98 | $0.93 | $1.78 |
| EPS - Diluted | $1.94 | $0.42 | ($0.39) | $1.97 | $0.92 | $1.77 |
Balance Sheet
| Line item | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $208.90M | $246.10M | $254.40M | $167.30M | $168.96M | $51.99M |
| Accounts Receivable | $244.60M | $224.50M | $240.80M | $243.20M | $259.81M | $135.50M |
| Inventory | $338.90M | $267.80M | $210.40M | $222.50M | $231.17M | $145.61M |
| Accounts Payable | $165.80M | $173.30M | $163.60M | $154.70M | $175.79M | $68.01M |
| Current Assets | $836.40M | $1.17B | $748.20M | $667.30M | $703.91M | $358.16M |
| Total Assets | $3.68B | $4.13B | $4.21B | $4.28B | $4.34B | $920.66M |
| Current Liabilities | $377.30M | $416.50M | $360.60M | $339.70M | $337.11M | $142.49M |
| Long-term Debt | $1.05B | $1.41B | - | - | - | - |
| Total Liabilities | - | - | - | - | - | - |
| Stockholders' Equity | $2.00B | $1.99B | $2.00B | $1.92B | $1.85B | $396.70M |
| Retained Earnings | $381.70M | $277.60M | $269.50M | $315.40M | $232.60M | $223.20M |
Cash Flow
| Line item | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $125.00M | $217.00M | $262.50M | $255.90M | $76.64M | $80.58M |
| Investing Cash Flow | $253.10M | ($163.60M) | $15.60M | ($80.90M) | ($206.91M) | ($26.72M) |
| Financing Cash Flow | ($395.70M) | ($52.50M) | ($193.20M) | ($177.90M) | $149.77M | ($74.05M) |
| CapEx | $55.90M | $40.60M | $33.70M | $51.70M | $37.53M | $32.83M |
| Free Cash Flow | $69.10M | $176.40M | $228.80M | $204.20M | $39.11M | $47.76M |
Ratios
| Metric | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 35.6% | 35.6% | 36.1% | 35.8% | 53.1% | 31.5% |
| Operating margin | 12.4% | 5.1% | 4.5% | 12.2% | 12.2% | 9.2% |
| EBITDA margin | 17.2% | 11.6% | 11.9% | 19.2% | 20.7% | 13.3% |
| Net margin | 6.5% | 1.5% | -1.5% | 6.9% | 5.0% | 5.9% |
| Free cash flow margin | 3.6% | 9.3% | 13.3% | 11.1% | 5.5% | 5.4% |
| FCF / Net income | 0.54 | 6.37 | -8.97 | 1.61 | 1.11 | 0.93 |
| R&D / Revenue | 3.3% | 3.4% | 3.3% | 3.2% | 4.7% | 2.8% |
| SG&A / Revenue | 19.0% | 19.4% | 19.2% | 19.6% | 35.5% | 18.8% |
| Effective tax rate | 32.9% | -255.1% | 737.5% | 14.2% | 31.7% | 27.7% |
| Return on assets | 3.5% | 0.7% | -0.6% | 3.0% | 0.8% | 5.6% |
| Return on equity | 6.3% | 1.4% | -1.3% | 6.6% | 1.9% | 13.0% |
| Return on invested capital | 5.3% | 2.9% | - | - | - | - |
| Liquidity | ||||||
| Current ratio | 2.22 | 2.80 | 2.07 | 1.96 | 2.09 | 2.51 |
| Quick ratio | 1.32 | 2.16 | 1.49 | 1.31 | 1.40 | 1.49 |
| Cash ratio | 0.55 | 0.59 | 0.71 | 0.49 | 0.50 | 0.36 |
| Leverage | ||||||
| Debt / Equity | 0.52 | 0.71 | - | - | - | - |
| Debt / Assets | 0.28 | 0.34 | - | - | - | - |
| Debt / EBITDA | 3.13 | 6.44 | - | - | - | - |
| Interest coverage | - | - | - | - | - | - |
| Equity multiplier | 1.84 | 2.08 | 2.11 | 2.23 | 2.35 | 2.32 |
| Liabilities / Assets | - | - | - | - | - | - |
| Efficiency | ||||||
| Asset turnover | 0.53 | 0.46 | 0.41 | 0.43 | 0.16 | 0.95 |
| Inventory turnover | 3.70 | 4.57 | 5.25 | 5.29 | 3.46 | 4.13 |
| Days sales outstanding | 46d | 43d | 51d | 48d | 134d | 56d |
| Days inventory outstanding | 99d | 80d | 70d | 69d | 106d | 88d |
| Days payable outstanding | 48d | 52d | 54d | 48d | 80d | 41d |
| Cash conversion cycle | 96d | 71d | 66d | 69d | 159d | 104d |
| Valuation | ||||||
| P / E | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - |
| Growth | ||||||
| Revenue growth (YoY) | 2.4% | 10.1% | -5.9% | 158.7% | -19.1% | 23.7% |
| Revenue CAGR (3y) | 2.0% | 38.9% | 25.3% | 37.3% | -1.7% | 2.3% |
| Revenue CAGR (5y) | 17.3% | 21.8% | 18.2% | 17.5% | -0.4% | 3.7% |
| Gross profit growth (YoY) | 2.6% | 8.5% | -5.2% | 74.5% | 36.4% | 24.1% |
| Operating income growth (YoY) | 146.8% | 25.7% | -65.4% | 158.5% | 7.0% | 70.3% |
| Net income growth (YoY) | 358.5% | - | - | 259.9% | -31.3% | 104.6% |
| EPS growth (YoY) | 361.9% | - | - | 114.1% | -48.0% | 82.5% |
| EPS CAGR (3y) | -0.5% | -23.0% | - | 26.6% | -12.2% | 6.4% |
| EPS CAGR (5y) | 1.9% | -15.4% | - | 6.0% | -9.3% | 14.2% |
| FCF growth (YoY) | -60.8% | -22.9% | 12.0% | 422.1% | -18.1% | -17.2% |
| FCF CAGR (5y) | 7.7% | 25.0% | 29.1% | 29.3% | -8.7% | 10.8% |
| Book value growth (YoY) | 0.9% | -0.6% | 3.9% | 4.0% | 365.9% | 40.0% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2022-12-31.
Business segments
$1.95B totalPower Transmission Technologies$985.60M · 50.5%
Automation And Specialty$965.50M · 49.5%
Geographic
$1.95B totalNorth America$1.12B · 57.8%
Europe$344.80M · 17.7%
DE$209.50M · 10.8%
CN$148.00M · 7.6%
Asia And Other$119.00M · 6.1%
Stability scores
Piotroski F-score
FY 2022 · 9-point quality
7/9
Strong
- ✓Net income positive
- ✓Operating cash flow positive
- ✓ROA improved YoY
- ✗Cash flow > net income
- ✓Long-term debt decreased
- ✗Current ratio improved
- ✓No share dilution
- ✓Gross margin improved
- ✓Asset turnover improved
Peer comparison
Same SIC group: General Industrial Machinery & Equipment, NEC
Comparing Altra Industrial Motion Corp. against the 5 most active filers in the same SIC group.