AQUA · Evoqua Water Technologies 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 |
|---|---|---|---|
| Revenue | $1.74B | $1.46B | $1.43B |
| Cost of Revenue | $1.20B | $1.01B | $979.65M |
| Gross Profit | $535.98M | $457.35M | $449.80M |
| R&D | $15.44M | $13.45M | $13.20M |
| SG&A | $260.55M | $206.46M | $192.60M |
| Total Operating Expenses | $437.30M | $363.01M | $341.96M |
| D&A | $127.57M | $113.66M | $107.27M |
| Operating Income | $103.99M | $99.32M | $168.45M |
| Interest Expense | $34.68M | $37.58M | $46.68M |
| Income Tax | ($3.03M) | $10.08M | $7.37M |
| Net Income | $72.20M | $51.48M | $113.65M |
| EPS - Basic | $0.60 | $0.43 | $0.97 |
| EPS - Diluted | $0.58 | $0.42 | $0.94 |
Balance Sheet
| Line item | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|
| Cash & Equivalents | $134.00M | $146.24M | $193.00M |
| Accounts Receivable | $305.71M | $278.00M | $260.48M |
| Inventory | $229.35M | $158.50M | $142.38M |
| Accounts Payable | $213.52M | $164.53M | $153.89M |
| Current Assets | $831.39M | $678.46M | $695.71M |
| Total Assets | $2.19B | $1.87B | $1.84B |
| Current Liabilities | $483.72M | $405.99M | $349.56M |
| Long-term Debt | $890.67M | $754.94M | $885.47M |
| Total Liabilities | $1.48B | $1.29B | $1.36B |
| Stockholders' Equity | $710.09M | $580.67M | $480.14M |
| Retained Earnings | $61.02M | ($11.18M) | ($62.66M) |
Cash Flow
| Line item | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|
| Operating Cash Flow | $181.40M | $178.71M | $158.36M |
| Investing Cash Flow | ($310.69M) | ($97.17M) | $11.99M |
| Financing Cash Flow | $125.55M | ($130.34M) | ($89.45M) |
| CapEx | $82.05M | $75.29M | $88.46M |
| Free Cash Flow | $99.36M | $103.41M | $69.90M |
Ratios
| Metric | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|
| Profitability | |||
| Gross margin | 30.9% | 31.2% | 31.5% |
| Operating margin | 6.0% | 6.8% | 11.8% |
| EBITDA margin | 13.3% | 14.5% | 19.3% |
| Net margin | 4.2% | 3.5% | 8.0% |
| Free cash flow margin | 5.7% | 7.1% | 4.9% |
| FCF / Net income | 1.38 | 2.01 | 0.62 |
| R&D / Revenue | 0.9% | 0.9% | 0.9% |
| SG&A / Revenue | 15.0% | 14.1% | 13.5% |
| Effective tax rate | -4.4% | 16.4% | 6.1% |
| Return on assets | 3.3% | 2.8% | 6.2% |
| Return on equity | 10.2% | 8.9% | 23.7% |
| Return on invested capital | 6.5% | 6.2% | 11.6% |
| Liquidity | |||
| Current ratio | 1.72 | 1.67 | 1.99 |
| Quick ratio | 1.24 | 1.28 | 1.58 |
| Cash ratio | 0.28 | 0.36 | 0.55 |
| Leverage | |||
| Debt / Equity | 1.25 | 1.30 | 1.84 |
| Debt / Assets | 0.41 | 0.40 | 0.48 |
| Debt / EBITDA | 3.85 | 3.54 | 3.21 |
| Interest coverage | 3.0x | 2.6x | 3.6x |
| Equity multiplier | 3.09 | 3.22 | 3.84 |
| Liabilities / Assets | 0.68 | 0.69 | 0.74 |
| Efficiency | |||
| Asset turnover | 0.79 | 0.78 | 0.78 |
| Inventory turnover | 5.24 | 6.35 | 6.88 |
| Days sales outstanding | 64d | 69d | 67d |
| Days inventory outstanding | 70d | 57d | 53d |
| Days payable outstanding | 65d | 60d | 57d |
| Cash conversion cycle | 69d | 67d | 62d |
| Valuation | |||
| P / E | - | - | - |
| P / B | - | - | - |
| P / S | - | - | - |
| EV / EBITDA | - | - | - |
| Growth | |||
| Revenue growth (YoY) | 18.6% | 2.4% | - |
| Revenue CAGR (3y) | - | - | - |
| Revenue CAGR (5y) | - | - | - |
| Gross profit growth (YoY) | 17.2% | 1.7% | - |
| Operating income growth (YoY) | 4.7% | -41.0% | - |
| Net income growth (YoY) | 40.2% | -54.7% | - |
| EPS growth (YoY) | 38.1% | -55.3% | - |
| EPS CAGR (3y) | - | - | - |
| EPS CAGR (5y) | - | - | - |
| FCF growth (YoY) | -3.9% | 47.9% | - |
| FCF CAGR (5y) | - | - | - |
| Book value growth (YoY) | 22.3% | 20.9% | - |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2021-09-30.
Business segments
$615.98M totalApplied Product Technologies$365.79M · 59.4%
Integrated Solutionsand Services$250.19M · 40.6%
Product / service
$1.59B totalProduct$861.03M · 54.1%
Service$603.40M · 37.9%
Manufactured Product Other$128.59M · 8.1%
Geographic
$1.75B totalUS$1.17B · 66.9%
Non Us$289.95M · 16.5%
Europe$113.56M · 6.5%
Asia$113.32M · 6.5%
CA$49.95M · 2.8%
AU$13.13M · 0.7%
Stability scores
Altman Z′
FY 2022 · bankruptcy risk
1.28
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
6/9
Neutral
- ✓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: Refrigeration & Service Industry Machinery
Comparing Evoqua Water Technologies Corp. against the 5 most active filers in the same SIC group.