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 | Q2 '23 | Q1 '23 | Q3 '22 | Q2 '22 | Q1 '22 | Q3 '21 | Q2 '21 | Q1 '21 | Q3 '20 | Q2 '20 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $477.80M | $366.27M | $369.68M | $426.73M | $366.27M | $369.68M | $346.56M | $322.19M | $347.83M | $351.66M |
| Cost of Revenue | $325.90M | $305.54M | $303.19M | $297.84M | $255.76M | $252.65M | $240.65M | $226.85M | $237.59M | $240.46M |
| Gross Profit | $151.90M | $130.31M | $136.13M | $128.89M | $110.51M | $117.03M | $105.92M | $95.34M | $110.23M | $111.21M |
| R&D | $4.58M | $3.83M | $3.86M | $3.75M | $3.45M | $3.41M | $3.39M | $3.12M | $2.78M | $3.19M |
| SG&A | $77.76M | $64.08M | $61.43M | $66.98M | $57.83M | $50.84M | $52.93M | $42.28M | $44.87M | $62.13M |
| Total Operating Expenses | $125.56M | $108.30M | $105.92M | $110.59M | $97.73M | $90.12M | $90.15M | $79.33M | $77.50M | $99.30M |
| D&A | $22.25M | $33.25M | $21.09M | $20.72M | $28.64M | $19.17M | $18.77M | $27.39M | $27.54M | $27.37M |
| Operating Income | $23.46M | $23.23M | $31.03M | $19.57M | $14.29M | $28.31M | $16.18M | $16.23M | $33.07M | $21.16M |
| Interest Expense | $10.30M | $10.07M | $8.44M | $9.95M | $6.58M | $11.22M | $8.39M | $8.67M | $10.48M | $13.25M |
| Income Tax | $2.52M | $3.89M | $5.03M | $2.25M | $1.62M | $3.89M | $2.70M | $1.08M | $740.0K | ($7.0K) |
| Net Income | $10.63M | $9.27M | $17.56M | $7.33M | $5.99M | $13.15M | $5.04M | $6.43M | $21.38M | $7.81M |
| EPS - Basic | $0.09 | $0.08 | $0.14 | $0.06 | $0.05 | $0.11 | $0.04 | $0.05 | $0.18 | $0.07 |
| EPS - Diluted | $0.08 | $0.07 | $0.14 | $0.06 | $0.05 | $0.11 | $0.04 | $0.05 | $0.18 | $0.06 |
Balance Sheet
| Line item | Q2 '23 | Q1 '23 | Q3 '22 | Q2 '22 | Q1 '22 | Q3 '21 | Q2 '21 | Q1 '21 | Q3 '20 | Q2 '20 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $113.24M | $152.53M | $134.00M | $129.50M | $152.53M | $146.24M | $222.72M | $197.92M | $193.00M | $108.50M |
| Accounts Receivable | $303.86M | $301.13M | $305.71M | $283.09M | $236.92M | $278.00M | $227.34M | $246.21M | $260.48M | $243.42M |
| Inventory | $240.71M | $258.26M | $229.35M | $216.93M | $174.27M | $158.50M | $156.79M | $155.03M | $142.38M | $151.43M |
| Accounts Payable | $216.89M | $219.89M | $213.52M | $191.12M | $175.87M | $164.53M | $144.61M | $141.93M | $153.89M | $151.11M |
| Current Assets | $844.44M | $848.32M | $831.39M | $777.53M | $681.90M | $678.46M | $717.13M | $679.54M | $695.71M | $609.83M |
| Total Assets | $2.21B | $2.21B | $2.19B | $2.13B | $1.87B | $1.87B | $1.88B | $1.84B | $1.84B | $1.74B |
| Current Liabilities | $474.49M | $486.84M | $483.72M | $430.84M | $398.49M | $405.99M | $346.57M | $326.13M | $349.56M | $322.49M |
| Long-term Debt | $881.90M | $881.19M | $890.67M | $945.37M | $741.51M | $754.94M | $889.43M | $887.55M | $885.47M | $879.52M |
| Total Liabilities | $1.47B | $1.48B | $1.48B | $1.49B | $1.27B | $1.29B | $1.35B | $1.34B | $1.36B | $1.32B |
| Stockholders' Equity | $739.30M | $729.73M | $710.09M | $636.48M | $601.04M | $580.67M | $523.23M | $500.25M | $480.14M | $420.43M |
| Retained Earnings | $80.92M | $70.28M | $61.02M | $2.13M | ($5.20M) | ($11.18M) | ($51.20M) | ($56.23M) | ($62.66M) | ($115.36M) |
Cash Flow
| Line item | Q2 '23 | Q1 '23 | Q3 '22 | Q2 '22 | Q1 '22 | Q3 '21 | Q2 '21 | Q1 '21 | Q3 '20 | Q2 '20 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | - | ($1.27M) | - | - | $36.38M | - | - | $15.61M | - | - |
| Investing Cash Flow | - | ($20.47M) | - | - | ($14.83M) | - | - | ($25.96M) | - | - |
| Financing Cash Flow | - | ($10.91M) | - | - | ($15.88M) | - | - | $12.27M | - | - |
| CapEx | - | $22.74M | - | - | $15.54M | - | - | $17.26M | $27.16M | $21.19M |
| Free Cash Flow | - | ($24.02M) | - | - | $20.84M | - | - | ($1.65M) | - | - |
Ratios
| Metric | Q2 '23 | Q1 '23 | Q3 '22 | Q2 '22 | Q1 '22 | Q3 '21 | Q2 '21 | Q1 '21 | Q3 '20 | Q2 '20 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 31.8% | 35.6% | 36.8% | 30.2% | 30.2% | 31.7% | 30.6% | 29.6% | 31.7% | 31.6% |
| Operating margin | 4.9% | 6.3% | 8.4% | 4.6% | 3.9% | 7.7% | 4.7% | 5.0% | 9.5% | 6.0% |
| EBITDA margin | 9.6% | 15.4% | 14.1% | 9.4% | 11.7% | 12.8% | 10.1% | 13.5% | 17.4% | 13.8% |
| Net margin | 2.2% | 2.5% | 4.8% | 1.7% | 1.6% | 3.6% | 1.5% | 2.0% | 6.1% | 2.2% |
| Free cash flow margin | - | -6.6% | - | - | 5.7% | - | - | -0.5% | - | - |
| FCF / Net income | - | -2.59 | - | - | 3.48 | - | - | -0.26 | - | - |
| R&D / Revenue | 1.0% | 1.0% | 1.0% | 0.9% | 0.9% | 0.9% | 1.0% | 1.0% | 0.8% | 0.9% |
| SG&A / Revenue | 16.3% | 17.5% | 16.6% | 15.7% | 15.8% | 13.8% | 15.3% | 13.1% | 12.9% | 17.7% |
| Effective tax rate | 19.2% | 29.6% | 22.3% | 23.5% | 21.3% | 22.8% | 34.9% | 14.4% | 3.3% | -0.1% |
| Return on assets | 0.5% | 0.4% | 0.8% | 0.3% | 0.3% | 0.7% | 0.3% | 0.3% | 1.2% | 0.4% |
| Return on equity | 1.4% | 1.3% | 2.5% | 1.2% | 1.0% | 2.3% | 1.0% | 1.3% | 4.5% | 1.9% |
| Return on invested capital | 1.2% | 1.0% | 1.5% | 0.9% | 0.8% | 1.6% | 0.7% | 1.0% | 2.3% | 1.6% |
| Liquidity | ||||||||||
| Current ratio | 1.78 | 1.74 | 1.72 | 1.80 | 1.71 | 1.67 | 2.07 | 2.08 | 1.99 | 1.89 |
| Quick ratio | 1.27 | 1.21 | 1.24 | 1.30 | 1.27 | 1.28 | 1.62 | 1.61 | 1.58 | 1.42 |
| Cash ratio | 0.24 | 0.31 | 0.28 | 0.30 | 0.38 | 0.36 | 0.64 | 0.61 | 0.55 | 0.34 |
| Leverage | ||||||||||
| Debt / Equity | 1.19 | 1.21 | 1.25 | 1.49 | 1.23 | 1.30 | 1.70 | 1.77 | 1.84 | 2.09 |
| Debt / Assets | 0.40 | 0.40 | 0.41 | 0.44 | 0.40 | 0.40 | 0.47 | 0.48 | 0.48 | 0.51 |
| Debt / EBITDA | 19.30 | 15.60 | 17.09 | 23.46 | 17.27 | 15.90 | 25.45 | 20.35 | 14.61 | 18.12 |
| Interest coverage | 2.3x | 2.3x | 3.7x | 2.0x | 2.2x | 2.5x | 1.9x | 1.9x | 3.2x | 1.6x |
| Equity multiplier | 2.99 | 3.02 | 3.09 | 3.35 | 3.11 | 3.22 | 3.59 | 3.69 | 3.84 | 4.14 |
| Liabilities / Assets | 0.67 | 0.67 | 0.68 | 0.70 | 0.68 | 0.69 | 0.72 | 0.73 | 0.74 | 0.76 |
| Efficiency | ||||||||||
| Asset turnover | 0.22 | 0.17 | 0.17 | 0.20 | 0.20 | 0.20 | 0.18 | 0.17 | 0.19 | 0.20 |
| Inventory turnover | 1.35 | 1.18 | 1.32 | 1.37 | 1.47 | 1.59 | 1.53 | 1.46 | 1.67 | 1.59 |
| Days sales outstanding | 232d | 300d | 302d | 242d | 236d | 274d | 239d | 279d | 273d | 253d |
| Days inventory outstanding | 270d | 309d | 276d | 266d | 249d | 229d | 238d | 249d | 219d | 230d |
| Days payable outstanding | 243d | 263d | 257d | 234d | 251d | 238d | 219d | 228d | 236d | 229d |
| Cash conversion cycle | 259d | 346d | 321d | 274d | 234d | 266d | 258d | 300d | 256d | 253d |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 12.0% | 0.0% | 0.0% | 23.1% | 13.7% | 6.3% | -1.4% | -6.9% | 1.6% | 0.9% |
| Revenue CAGR (3y) | 10.8% | 1.9% | 2.6% | 7.0% | 4.3% | 2.6% | 1.3% | 2.7% | - | - |
| Revenue CAGR (5y) | 7.4% | 4.3% | - | - | - | - | - | - | - | - |
| Gross profit growth (YoY) | 17.9% | 17.9% | 16.3% | 21.7% | 15.9% | 6.2% | -4.8% | -9.8% | -1.0% | 16.3% |
| Operating income growth (YoY) | 19.8% | 62.6% | 9.6% | 21.0% | -12.0% | -14.4% | -23.5% | -76.7% | 22.1% | 84.5% |
| Net income growth (YoY) | 45.0% | 54.8% | 33.5% | 45.6% | -6.9% | -38.5% | -35.5% | -87.9% | 417.1% | 464.5% |
| EPS growth (YoY) | 33.3% | 40.0% | 27.3% | 50.0% | 0.0% | -38.9% | -33.3% | -88.6% | 500.0% | 500.0% |
| EPS CAGR (3y) | 10.1% | -45.8% | 67.1% | 81.7% | - | 122.4% | -26.3% | - | - | - |
| EPS CAGR (5y) | -4.4% | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | - | - | - | - | - | - | - | 87.2% | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | 16.2% | 21.4% | 22.3% | 21.6% | 20.1% | 20.9% | 24.4% | 21.1% | 32.4% | 19.4% |
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%
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.