CWGL · Crimson Wine Group, Ltd - 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 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue | $65.08M | $72.98M | $72.40M | $74.24M | $68.92M | $64.11M |
| Cost of Revenue | $34.37M | $37.93M | $38.72M | $41.45M | $38.87M | $44.42M |
| Gross Profit | $30.71M | $35.05M | $33.68M | $32.79M | $30.05M | $19.69M |
| R&D | - | - | - | - | - | - |
| SG&A | $32.09M | $34.18M | $31.67M | $30.52M | $28.78M | $25.62M |
| Total Operating Expenses | - | - | - | - | - | - |
| D&A | $6.87M | $7.09M | $6.16M | $5.94M | $6.26M | $6.98M |
| Operating Income | ($3.73M) | $68.0K | $1.98M | $1.97M | $244.0K | ($8.87M) |
| Interest Expense | $741.0K | $781.0K | $826.0K | $926.0K | $1.01M | $1.09M |
| Income Tax | $263.0K | $270.0K | $1.15M | $381.0K | $286.0K | ($3.09M) |
| Net Income | $613.0K | $851.0K | $3.12M | $1.08M | $3.17M | ($6.41M) |
| EPS - Basic | $0.03 | $0.04 | $0.15 | $0.05 | ($0.28) | - |
| EPS - Diluted | $0.03 | $0.04 | $0.15 | $0.05 | ($0.28) | - |
Balance Sheet
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $20.59M | $21.03M | $22.78M | $25.70M | $32.73M | $29.31M |
| Accounts Receivable | $12.13M | $9.37M | $7.68M | $6.85M | $6.57M | $7.91M |
| Inventory | $66.97M | $62.09M | $58.09M | $51.72M | $52.55M | $57.55M |
| Accounts Payable | - | - | - | - | - | - |
| Current Assets | $109.22M | $97.97M | $98.62M | $97.60M | $105.80M | $106.19M |
| Total Assets | $215.48M | $218.16M | $222.09M | $218.76M | $226.82M | $230.37M |
| Current Liabilities | $11.35M | $13.15M | $14.64M | $12.98M | $14.66M | $13.08M |
| Long-term Debt | $14.28M | $15.41M | $16.54M | $17.67M | $18.80M | $21.20M |
| Total Liabilities | $28.71M | $31.59M | $33.93M | $31.76M | $34.22M | $34.85M |
| Stockholders' Equity | $186.77M | $186.56M | $188.16M | $187.00M | $192.60M | $195.52M |
| Retained Earnings | ($92.00M) | ($92.26M) | ($90.72M) | ($91.25M) | ($85.34M) | ($82.28M) |
Cash Flow
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $1.42M | $2.68M | $5.95M | $7.49M | $18.81M | $13.59M |
| Investing Cash Flow | ($363.0K) | ($906.0K) | ($5.14M) | ($6.39M) | ($8.30M) | $342.0K |
| Financing Cash Flow | ($1.49M) | ($3.52M) | ($3.74M) | ($8.13M) | ($7.09M) | $2.40M |
| CapEx | $3.92M | $5.37M | $9.05M | $7.57M | $4.51M | $3.10M |
| Free Cash Flow | ($2.50M) | ($2.69M) | ($3.10M) | ($80.0K) | $14.31M | $10.49M |
Ratios
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 47.2% | 48.0% | 46.5% | 44.2% | 43.6% | 30.7% |
| Operating margin | -5.7% | 0.1% | 2.7% | 2.7% | 0.4% | -13.8% |
| EBITDA margin | 4.8% | 9.8% | 11.2% | 10.7% | 9.4% | -3.0% |
| Net margin | 0.9% | 1.2% | 4.3% | 1.5% | 4.6% | -10.0% |
| Free cash flow margin | -3.8% | -3.7% | -4.3% | -0.1% | 20.8% | 16.4% |
| FCF / Net income | -4.08 | -3.16 | -0.99 | -0.07 | 4.52 | -1.64 |
| R&D / Revenue | - | - | - | - | - | - |
| SG&A / Revenue | 49.3% | 46.8% | 43.7% | 41.1% | 41.8% | 40.0% |
| Effective tax rate | 30.0% | 24.1% | 26.9% | 26.1% | 8.3% | - |
| Return on assets | 0.3% | 0.4% | 1.4% | 0.5% | 1.4% | -2.8% |
| Return on equity | 0.3% | 0.5% | 1.7% | 0.6% | 1.6% | -3.3% |
| Return on invested capital | -1.3% | 0.0% | 0.7% | 0.7% | 0.1% | -3.2% |
| Liquidity | ||||||
| Current ratio | 9.62 | 7.45 | 6.74 | 7.52 | 7.21 | 8.12 |
| Quick ratio | 3.72 | 2.73 | 2.77 | 3.53 | 3.63 | 3.72 |
| Cash ratio | 1.81 | 1.60 | 1.56 | 1.98 | 2.23 | 2.24 |
| Leverage | ||||||
| Debt / Equity | 0.08 | 0.08 | 0.09 | 0.09 | 0.10 | 0.11 |
| Debt / Assets | 0.07 | 0.07 | 0.07 | 0.08 | 0.08 | 0.09 |
| Debt / EBITDA | 4.54 | 2.15 | 2.03 | 2.23 | 2.89 | - |
| Interest coverage | -5.0x | 0.1x | 2.4x | 2.1x | 0.2x | -8.1x |
| Equity multiplier | 1.15 | 1.17 | 1.18 | 1.17 | 1.18 | 1.18 |
| Liabilities / Assets | 0.13 | 0.14 | 0.15 | 0.15 | 0.15 | 0.15 |
| Efficiency | ||||||
| Asset turnover | 0.30 | 0.33 | 0.33 | 0.34 | 0.30 | 0.28 |
| Inventory turnover | 0.51 | 0.61 | 0.67 | 0.80 | 0.74 | 0.77 |
| Days sales outstanding | 68d | 47d | 39d | 34d | 35d | 45d |
| Days inventory outstanding | 711d | 597d | 548d | 455d | 494d | 473d |
| Days payable outstanding | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - |
| Valuation | ||||||
| P / E | 163.3x | 158.8x | 39.3x | 112.2x | - | - |
| P / B | 0.5x | 0.7x | 0.7x | 0.7x | 1.0x | - |
| P / S | 1.6x | 1.8x | 1.7x | 1.7x | 2.8x | - |
| EV / EBITDA | 30.1x | 17.7x | 14.7x | 14.8x | 27.3x | - |
| Growth | ||||||
| Revenue growth (YoY) | -10.8% | 0.8% | -2.5% | 7.7% | 7.5% | -4.5% |
| Revenue CAGR (3y) | -4.3% | 1.9% | 4.1% | 3.4% | 2.2% | 0.5% |
| Revenue CAGR (5y) | 0.3% | 1.7% | 2.3% | 3.3% | 1.3% | 1.0% |
| Gross profit growth (YoY) | -12.4% | 4.1% | 2.7% | 9.1% | 52.6% | -24.8% |
| Operating income growth (YoY) | - | -96.6% | 0.3% | 707.0% | - | -47.1% |
| Net income growth (YoY) | -28.0% | -72.8% | 190.0% | -66.0% | - | -31.5% |
| EPS growth (YoY) | -25.0% | -73.3% | 200.0% | - | - | - |
| EPS CAGR (3y) | -15.7% | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - |
| FCF growth (YoY) | 7.1% | 13.0% | -3768.8% | - | 36.4% | - |
| FCF CAGR (5y) | - | - | - | - | - | 164.5% |
| Book value growth (YoY) | 0.1% | -0.8% | 0.6% | -2.9% | -1.5% | -4.6% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$61.95M totalWholesalers$35.53M · 57.3%
Direct To Consumers$26.42M · 42.7%
Stability scores
Altman Z′
FY 2025 · bankruptcy risk
2.94
Safe
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 2025 · 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: Beverages
Comparing Crimson Wine Group against the 5 most active filers in the same SIC group.