DSKE · Daseke, 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 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|
| Revenue | $1.57B | $1.77B | $1.56B | $1.45B | $1.74B | $651.80M |
| Cost of Revenue | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - |
| R&D | - | - | - | - | - | - |
| SG&A | $78.50M | $72.40M | $62.80M | $66.50M | $75.50M | $58.38M |
| Total Operating Expenses | $1.53B | $1.67B | $1.44B | $1.42B | $2.05B | $1.59B |
| D&A | $106.50M | $92.80M | $88.10M | $98.30M | $146.50M | $131.08M |
| Operating Income | $36.20M | $98.40M | $112.80M | $35.40M | ($312.10M) | $21.91M |
| Interest Expense | - | - | - | - | - | - |
| Income Tax | $7.30M | $19.60M | $26.00M | ($200.0K) | ($54.60M) | ($15.92M) |
| Net Income | ($17.70M) | $50.20M | $56.00M | $6.20M | ($307.40M) | ($5.19M) |
| EPS - Basic | ($0.59) | $0.73 | $0.79 | $0.02 | ($4.86) | ($0.16) |
| EPS - Diluted | ($0.59) | $0.70 | $0.77 | $0.02 | ($4.86) | ($0.16) |
Balance Sheet
| Line item | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $76.60M | $153.40M | $147.50M | $176.20M | $95.70M | $45.97M |
| Accounts Receivable | $157.80M | $179.00M | $172.30M | $154.40M | $197.80M | $209.21M |
| Inventory | - | - | - | - | - | - |
| Accounts Payable | $13.60M | $14.70M | $14.70M | $16.50M | $20.50M | $22.16M |
| Current Assets | $281.70M | $378.20M | $350.10M | $365.10M | $327.10M | $308.05M |
| Total Assets | $1.14B | $1.20B | $1.09B | $1.13B | $1.14B | $1.39B |
| Current Liabilities | $250.60M | $243.80M | $212.20M | $190.70M | $219.80M | $193.86M |
| Long-term Debt | $563.50M | $582.30M | $531.40M | $618.60M | $633.30M | $622.65M |
| Total Liabilities | $984.70M | $1.00B | $911.40M | $981.80M | $1.00B | $943.87M |
| Stockholders' Equity | $151.40M | $193.00M | $176.00M | $145.10M | $138.70M | $447.00M |
| Retained Earnings | ($259.30M) | ($232.30M) | ($276.80M) | ($362.10M) | ($363.40M) | ($51.01M) |
Cash Flow
| Line item | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $118.70M | $137.00M | $144.70M | $144.90M | $114.10M | $105.26M |
| Investing Cash Flow | $700.0K | ($20.30M) | $4.90M | $31.60M | $15.80M | ($171.77M) |
| Financing Cash Flow | ($196.40M) | ($111.40M) | ($178.20M) | ($96.40M) | ($79.60M) | $20.91M |
| CapEx | $30.30M | $42.10M | $53.70M | $37.20M | $22.00M | $66.41M |
| Free Cash Flow | $88.40M | $94.90M | $91.00M | $107.70M | $92.10M | $38.85M |
Ratios
| Metric | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | - | - | - | - | - | - |
| Operating margin | 2.3% | 5.5% | 7.2% | 2.4% | -18.0% | 3.4% |
| EBITDA margin | 9.1% | 10.8% | 12.9% | 9.2% | -9.5% | 23.5% |
| Net margin | -1.1% | 2.8% | 3.6% | 0.4% | -17.7% | -0.8% |
| Free cash flow margin | 5.6% | 5.4% | 5.8% | 7.4% | 5.3% | 6.0% |
| FCF / Net income | -4.99 | 1.89 | 1.63 | 17.37 | -0.30 | -7.49 |
| R&D / Revenue | - | - | - | - | - | - |
| SG&A / Revenue | 5.0% | 4.1% | 4.0% | 4.6% | 4.3% | 9.0% |
| Effective tax rate | - | 28.1% | 31.7% | -3.3% | - | - |
| Return on assets | -1.6% | 4.2% | 5.1% | 0.6% | -27.0% | -0.4% |
| Return on equity | -11.7% | 26.0% | 31.8% | 4.3% | -221.6% | -1.2% |
| Return on invested capital | 4.0% | 9.1% | 10.9% | 4.6% | -31.9% | 1.6% |
| Liquidity | ||||||
| Current ratio | 1.12 | 1.55 | 1.65 | 1.91 | 1.49 | 1.59 |
| Quick ratio | 1.12 | 1.55 | 1.65 | 1.91 | 1.49 | 1.59 |
| Cash ratio | 0.31 | 0.63 | 0.70 | 0.92 | 0.44 | 0.24 |
| Leverage | ||||||
| Debt / Equity | 3.72 | 3.02 | 3.02 | 4.26 | 4.57 | 1.39 |
| Debt / Assets | 0.50 | 0.49 | 0.49 | 0.55 | 0.56 | 0.45 |
| Debt / EBITDA | 3.95 | 3.05 | 2.65 | 4.63 | - | 4.07 |
| Interest coverage | - | - | - | - | - | - |
| Equity multiplier | 7.50 | 6.19 | 6.18 | 7.77 | 8.22 | 3.11 |
| Liabilities / Assets | 0.87 | 0.84 | 0.84 | 0.87 | 0.88 | 0.68 |
| Efficiency | ||||||
| Asset turnover | 1.38 | 1.48 | 1.43 | 1.29 | 1.52 | 0.47 |
| Inventory turnover | - | - | - | - | - | - |
| Days sales outstanding | 37d | 37d | 40d | 39d | 42d | 117d |
| Days inventory outstanding | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - |
| Valuation | ||||||
| P / E | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - |
| Growth | ||||||
| Revenue growth (YoY) | -11.5% | 13.9% | 7.1% | -16.3% | 166.5% | 0.0% |
| Revenue CAGR (3y) | 2.6% | 0.7% | 33.7% | 30.7% | - | - |
| Revenue CAGR (5y) | 19.2% | 22.2% | - | - | - | - |
| Gross profit growth (YoY) | - | - | - | - | - | - |
| Operating income growth (YoY) | -63.2% | -12.8% | 218.6% | - | - | -29.3% |
| Net income growth (YoY) | - | -10.4% | 803.2% | - | -5826.4% | - |
| EPS growth (YoY) | - | -9.1% | 3750.0% | - | -2937.5% | 80.2% |
| EPS CAGR (3y) | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - |
| FCF growth (YoY) | -6.8% | 4.3% | -15.5% | 16.9% | 137.1% | -52.0% |
| FCF CAGR (5y) | 17.9% | 3.2% | - | - | - | - |
| Book value growth (YoY) | -21.6% | 9.7% | 21.3% | 4.6% | -69.0% | 317.3% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2023-12-31.
Business segments
$1.57B totalSpecialized Solutions$924.50M · 58.9%
Flatbed Solutions$644.90M · 41.1%
Product / service
$1.57B totalCargo And Freight$654.90M · 41.7%
Owner Operator Freight$422.30M · 26.9%
Brokerage$242.10M · 15.4%
Fuel$190.20M · 12.1%
Logistics$59.90M · 3.8%
Stability scores
Altman Z′
FY 2023 · bankruptcy risk
1.37
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 2023 · 9-point quality
4/9
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: Transportation Services
Comparing Daseke against the 5 most active filers in the same SIC group.