AJRD · Aerojet Rocketdyne Holdings, Inc. - 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 | $2.24B | $2.19B | $2.07B | $1.98B | $1.76B | - |
| Cost of Revenue | $1.91B | $1.80B | $1.70B | $1.56B | - | - |
| Gross Profit | $331.40M | $387.90M | $371.40M | $419.30M | - | - |
| R&D | - | - | - | - | - | $0 |
| SG&A | $56.50M | $46.00M | $56.10M | $53.60M | $43.80M | $67.00M |
| Total Operating Expenses | $2.09B | $1.93B | $1.83B | $1.74B | $1.63B | $1.76B |
| D&A | $57.30M | $61.40M | $65.30M | $74.50M | $72.30M | $72.60M |
| Operating Income | $145.30M | $257.00M | $240.60M | $238.20M | $270.60M | $114.30M |
| Interest Expense | $18.60M | $20.10M | $30.10M | $35.70M | $34.40M | $30.90M |
| Income Tax | $34.30M | $51.30M | $42.50M | $50.90M | $51.30M | $96.10M |
| Net Income | $74.00M | $143.70M | $137.70M | $141.00M | $137.30M | ($9.20M) |
| EPS - Basic | $0.92 | $1.80 | $1.76 | $1.79 | $1.80 | ($0.13) |
| EPS - Diluted | $0.90 | $1.75 | $1.66 | $1.69 | $1.75 | ($0.13) |
Balance Sheet
| Line item | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $322.10M | $700.40M | $1.15B | $932.60M | $735.30M | $535.00M |
| Accounts Receivable | $126.60M | $60.60M | $75.60M | $112.50M | $141.20M | $215.50M |
| Inventory | $15.80M | $10.00M | $10.00M | $24.00M | $14.90M | $136.40M |
| Accounts Payable | $142.10M | $132.20M | $99.10M | $127.30M | $88.70M | $100.90M |
| Current Assets | $1.07B | $1.24B | $1.66B | $1.42B | $1.23B | $1.02B |
| Total Assets | $2.37B | $2.43B | $2.90B | $2.71B | $2.49B | $2.26B |
| Current Liabilities | $747.10M | $875.80M | $1.46B | $869.90M | $878.30M | $594.80M |
| Long-term Debt | - | - | - | $352.30M | $352.30M | $591.40M |
| Total Liabilities | $1.83B | $1.90B | $2.67B | $2.13B | $2.07B | $2.16B |
| Stockholders' Equity | $541.30M | $533.50M | $233.50M | $576.70M | $421.30M | $102.40M |
| Retained Earnings | $176.60M | $91.90M | ($65.20M) | $244.90M | $103.90M | ($71.00M) |
Cash Flow
| Line item | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | ($48.70M) | $199.60M | $363.80M | $261.20M | $252.70M | $212.80M |
| Investing Cash Flow | ($42.40M) | ($39.20M) | ($61.00M) | ($41.80M) | ($20.90M) | ($66.40M) |
| Financing Cash Flow | ($287.10M) | ($609.50M) | ($85.90M) | ($24.10M) | $90.20M | ($21.70M) |
| CapEx | $40.70M | $37.30M | $54.60M | $42.90M | $43.20M | $29.40M |
| Free Cash Flow | ($89.40M) | $162.30M | $309.20M | $218.30M | $209.50M | $183.40M |
Ratios
| Metric | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 14.8% | 17.7% | 17.9% | 21.2% | - | - |
| Operating margin | 6.5% | 11.7% | 11.6% | 12.0% | 15.4% | - |
| EBITDA margin | 9.1% | 14.6% | 14.8% | 15.8% | 19.5% | - |
| Net margin | 3.3% | 6.6% | 6.6% | 7.1% | 7.8% | - |
| Free cash flow margin | -4.0% | 7.4% | 14.9% | 11.0% | 11.9% | - |
| FCF / Net income | -1.21 | 1.13 | 2.25 | 1.55 | 1.53 | -19.93 |
| R&D / Revenue | - | - | - | - | - | - |
| SG&A / Revenue | 2.5% | 2.1% | 2.7% | 2.7% | 2.5% | - |
| Effective tax rate | 31.7% | 26.3% | 23.6% | 26.5% | 27.2% | 110.6% |
| Return on assets | 3.1% | 5.9% | 4.7% | 5.2% | 5.5% | -0.4% |
| Return on equity | 13.7% | 26.9% | 59.0% | 24.4% | 32.6% | -9.0% |
| Return on invested capital | - | - | - | 18.8% | 25.5% | 8.2% |
| Liquidity | ||||||
| Current ratio | 1.43 | 1.41 | 1.14 | 1.63 | 1.41 | 1.71 |
| Quick ratio | 1.41 | 1.40 | 1.13 | 1.60 | 1.39 | 1.48 |
| Cash ratio | 0.43 | 0.80 | 0.79 | 1.07 | 0.84 | 0.90 |
| Leverage | ||||||
| Debt / Equity | - | - | - | 0.61 | 0.84 | 5.78 |
| Debt / Assets | - | - | - | 0.13 | 0.14 | 0.26 |
| Debt / EBITDA | - | - | - | 1.13 | 1.03 | 3.16 |
| Interest coverage | 7.8x | 12.8x | 8.0x | 6.7x | 7.9x | 3.7x |
| Equity multiplier | 4.38 | 4.56 | 12.42 | 4.70 | 5.91 | 22.06 |
| Liabilities / Assets | 0.77 | 0.78 | 0.92 | 0.79 | 0.83 | 0.95 |
| Efficiency | ||||||
| Asset turnover | 0.94 | 0.90 | 0.71 | 0.73 | 0.71 | - |
| Inventory turnover | 120.65 | 180.01 | 170.13 | 65.09 | - | - |
| Days sales outstanding | 21d | 10d | 13d | 21d | 29d | - |
| Days inventory outstanding | 3d | 2d | 2d | 6d | - | - |
| Days payable outstanding | 27d | 27d | 21d | 30d | - | - |
| Cash conversion cycle | -4d | -15d | -6d | -3d | - | - |
| Valuation | ||||||
| P / E | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - |
| Growth | ||||||
| Revenue growth (YoY) | 2.3% | 5.6% | 4.6% | 12.5% | - | - |
| Revenue CAGR (3y) | 4.1% | 7.5% | - | - | - | - |
| Revenue CAGR (5y) | - | - | - | - | - | - |
| Gross profit growth (YoY) | -14.6% | 4.4% | -11.4% | - | - | - |
| Operating income growth (YoY) | -43.5% | 6.8% | 1.0% | -12.0% | 136.7% | 86.8% |
| Net income growth (YoY) | -48.5% | 4.4% | -2.3% | 2.7% | - | - |
| EPS growth (YoY) | -48.6% | 5.4% | -1.8% | -3.4% | - | - |
| EPS CAGR (3y) | -18.9% | 0.0% | - | 84.3% | - | - |
| EPS CAGR (5y) | - | 45.3% | - | - | - | - |
| FCF growth (YoY) | - | -47.5% | 41.6% | 4.2% | 14.2% | 65.5% |
| FCF CAGR (5y) | - | 7.9% | 61.3% | 15.3% | 70.8% | 30.2% |
| Book value growth (YoY) | 1.5% | 128.5% | -59.5% | 36.9% | 311.4% | 196.8% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2021-12-31.
Business segments
$43.50M totalAerospaceand Defense$34.80M · 80.0%
Real Estate Segment$8.70M · 20.0%
Stability scores
Altman Z′
FY 2022 · bankruptcy risk
1.42
Grey zone
Private-firm variant - uses book equity instead of market cap. > 2.90 safe · 1.23-2.90 grey · < 1.23 distress.
Piotroski F-score
FY 2022 · 9-point quality
3/9
Weak
- ✓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: Guided Missiles & Space Vehicles & Parts
Comparing AEROJET ROCKETDYNE HOLDINGS against the 5 most active filers in the same SIC group.