CCMP · Cmc Materials, 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.

Annual Quarterly

Income Statement

Line item	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017	FY 2016
Revenue	$1.20B	$1.12B	$1.04B	$430.45M	-	-
Cost of Revenue	$701.66M	$627.67M	$595.04M	$220.25M	-	-
Gross Profit	$498.17M	$488.60M	$442.65M	$314.11M	$254.13M	$210.20M
R&D	$54.20M	$52.31M	$51.71M	$51.95M	$55.66M	$58.53M
SG&A	$228.89M	$217.07M	$86.48M	$76.99M	$55.64M	$49.45M
Total Operating Expenses	$513.47M	$271.70M	$332.16M	$153.99M	$142.14M	$135.69M
D&A	$132.17M	$127.74M	$98.59M	$25.88M	$25.93M	$26.03M
Operating Income	($15.30M)	$216.91M	$110.50M	$160.12M	$111.99M	$74.51M
Interest Expense	$38.36M	$42.51M	$45.68M	$2.90M	$4.53M	$4.72M
Income Tax	$13.78M	$30.52M	$23.89M	$51.67M	$22.42M	$10.59M
Net Income	($68.58M)	$142.83M	$39.22M	$110.04M	$86.95M	$59.85M
EPS - Basic	($2.35)	$4.90	$1.37	$4.31	$3.47	$2.47
EPS - Diluted	($2.35)	$4.83	$1.35	$4.19	$3.40	$2.43

Balance Sheet

Line item	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017	FY 2016
Cash & Equivalents	$185.98M	$257.35M	$188.50M	$352.92M	$397.89M	$287.48M
Accounts Receivable	$150.10M	$134.02M	$146.11M	$75.89M	$64.79M	$62.83M
Inventory	$173.46M	$159.13M	$145.28M	$71.93M	$71.87M	$72.12M
Accounts Payable	$52.75M	$49.25M	$54.53M	$18.17M	$17.62M	$16.83M
Current Assets	$534.98M	$577.07M	$508.56M	$522.78M	$550.98M	$437.09M
Total Assets	$2.15B	$2.38B	$2.26B	$780.97M	$834.10M	$727.93M
Current Liabilities	$205.86M	$181.35M	$171.46M	$101.15M	$91.21M	$65.89M
Long-term Debt	$903.03M	$910.76M	$928.46M	$0	$133.00M	$147.66M
Total Liabilities	$1.27B	$1.30B	$1.28B	$114.28M	$239.06M	$230.28M
Stockholders' Equity	$878.94M	$1.07B	$980.38M	$666.69M	$595.04M	$497.65M
Retained Earnings	$431.97M	$553.72M	$461.50M	$471.67M	$397.88M	$330.78M

Cash Flow

Line item	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017	FY 2016
Operating Cash Flow	$270.61M	$287.28M	$174.98M	$168.87M	$95.21M	$95.21M
Investing Cash Flow	($166.36M)	($124.25M)	($1.23B)	($22.75M)	($144.43M)	($144.43M)
Financing Cash Flow	($175.34M)	($97.66M)	$894.43M	($197.56M)	($24.41M)	($24.41M)
CapEx	$42.10M	$125.84M	$55.97M	$21.31M	$21.17M	$17.67M
Free Cash Flow	$228.51M	$161.44M	$119.01M	$147.56M	$74.04M	$77.54M

Ratios

Metric	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017	FY 2016
Profitability
Gross margin	41.5%	43.8%	42.7%	73.0%	-	-
Operating margin	-1.3%	19.4%	10.6%	37.2%	-	-
EBITDA margin	9.7%	30.9%	20.1%	43.2%	-	-
Net margin	-5.7%	12.8%	3.8%	25.6%	-	-
Free cash flow margin	19.0%	14.5%	11.5%	34.3%	-	-
FCF / Net income	-3.33	1.13	3.03	1.34	0.85	1.30
R&D / Revenue	4.5%	4.7%	5.0%	12.1%	-	-
SG&A / Revenue	19.1%	19.4%	8.3%	17.9%	-	-
Effective tax rate	-	17.6%	37.9%	32.0%	20.5%	15.0%
Return on assets	-3.2%	6.0%	1.7%	14.1%	10.4%	8.2%
Return on equity	-7.8%	13.3%	4.0%	16.5%	14.6%	12.0%
Return on invested capital	-0.7%	9.0%	3.6%	16.3%	12.2%	9.8%
Liquidity
Current ratio	2.60	3.18	2.97	5.17	6.04	6.63
Quick ratio	1.76	2.30	2.12	4.46	5.25	5.54
Cash ratio	0.90	1.42	1.10	3.49	4.36	4.36
Leverage
Debt / Equity	1.03	0.85	0.95	0.00	0.22	0.30
Debt / Assets	0.42	0.38	0.41	0.00	0.16	0.20
Debt / EBITDA	7.73	2.64	4.44	0.00	0.96	1.47
Interest coverage	-0.4x	5.1x	2.4x	55.1x	24.7x	15.8x
Equity multiplier	2.45	2.21	2.31	1.17	1.40	1.46
Liabilities / Assets	0.59	0.55	0.57	0.15	0.29	0.32
Efficiency
Asset turnover	0.56	0.47	0.46	0.55	-	-
Inventory turnover	4.05	3.94	4.10	3.06	-	-
Days sales outstanding	46d	44d	51d	64d	-	-
Days inventory outstanding	90d	93d	89d	119d	-	-
Days payable outstanding	27d	29d	33d	30d	-	-
Cash conversion cycle	108d	108d	107d	153d	-	-
Valuation
P / E	-	-	-	-	-	-
P / B	-	-	-	-	-	-
P / S	-	-	-	-	-	-
EV / EBITDA	-	-	-	-	-	-
Growth
Revenue growth (YoY)	7.5%	7.6%	141.1%	-	-	-
Revenue CAGR (3y)	40.7%	-	-	-	-	-
Revenue CAGR (5y)	-	-	-	-	-	-
Gross profit growth (YoY)	2.0%	10.4%	40.9%	23.6%	20.9%	-1.0%
Operating income growth (YoY)	-	96.3%	-31.0%	43.0%	50.3%	-0.7%
Net income growth (YoY)	-	264.2%	-64.4%	26.6%	45.3%	6.6%
EPS growth (YoY)	-	257.8%	-67.8%	23.2%	39.9%	7.5%
EPS CAGR (3y)	-	12.4%	-17.8%	22.8%	18.6%	4.3%
EPS CAGR (5y)	-	16.4%	-7.9%	14.4%	14.2%	2.0%
FCF growth (YoY)	41.5%	35.7%	-19.3%	99.3%	-4.5%	-8.1%
FCF CAGR (5y)	24.1%	13.9%	16.1%	15.8%	9.6%	3.4%
Book value growth (YoY)	-18.2%	9.6%	47.1%	12.0%	19.6%	16.0%

Sales by segment

From XBRL dimensional facts in the 10-K period ending 2021-09-30.

Business segments

$1.20B total

Electronic Materials$984.71M · 82.1%

Performance Materials$215.12M · 17.9%

Product / service

$1.20B total

CMPSlurries$546.96M · 45.6%

Electronic Chemicals$330.76M · 27.6%

Pipeline$106.81M · 8.9%

CMPPads$95.33M · 7.9%

Wood Treatment$73.19M · 6.1%

QEDAnd Other$35.12M · 2.9%

Materials Technologies$11.66M · 1.0%

Geographic

$1.64B total

Asia$631.90M · 38.5%

US$405.43M · 24.7%

Europe Middle East And Africa$161.86M · 9.9%

CN$157.88M · 9.6%

KP$143.74M · 8.8%

TW$138.85M · 8.5%

South America$640.0K · 0.0%

Stability scores

Altman Z′

FY 2021 · bankruptcy risk

1.10

Distress

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 2021 · 9-point quality

5/9

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: Semiconductors & Related Devices

Company	Revenue (last FY)	Net margin	ROE
AMKR	$6.71B	5.6%	8.4%
LSCC	$523.26M	0.6%	0.4%
CRDO	-	-	-
FSLR	$5.22B	29.3%	16.0%
NVDA	$215.94B	55.6%	76.3%

Comparing CMC Materials against the 5 most active filers in the same SIC group.