FLOW · Spx Flow, 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 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|
| Revenue | $1.53B | $1.35B | $1.51B | $2.00B | $1.95B | $2.00B |
| Cost of Revenue | $993.80M | $881.70M | $986.20M | $1.43B | $1.34B | $1.37B |
| Gross Profit | $535.20M | $468.90M | $520.40M | $624.60M | $616.40M | $624.60M |
| R&D | - | - | - | - | - | - |
| SG&A | $379.20M | $357.20M | $372.80M | $447.90M | $460.40M | $467.70M |
| Total Operating Expenses | - | - | - | - | - | - |
| D&A | $47.20M | $41.10M | $38.30M | $58.70M | $61.20M | $64.70M |
| Operating Income | $131.00M | $80.90M | $115.70M | $168.40M | $119.10M | ($385.10M) |
| Interest Expense | - | - | - | - | - | - |
| Income Tax | $53.50M | $6.20M | $28.90M | $71.10M | $11.10M | ($101.00M) |
| Net Income | $66.70M | $5.90M | ($95.10M) | $44.00M | $46.40M | ($381.80M) |
| EPS - Basic | $1.59 | $0.14 | ($2.24) | $1.04 | $1.11 | ($9.23) |
| EPS - Diluted | $1.59 | $0.14 | ($2.23) | $1.03 | $1.10 | ($9.23) |
Balance Sheet
| Line item | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $313.90M | $441.50M | $299.20M | $213.30M | $263.70M | $215.10M |
| Accounts Receivable | $246.00M | $232.60M | $243.10M | $384.70M | $439.10M | $446.90M |
| Inventory | $242.80M | $199.30M | $208.10M | $304.80M | $293.90M | $272.40M |
| Accounts Payable | $173.80M | $149.10M | $142.60M | $203.70M | $219.40M | $203.80M |
| Current Assets | $872.30M | $925.20M | $1.27B | $1.01B | $1.05B | $1.01B |
| Total Assets | $2.09B | $2.10B | $2.44B | $2.55B | $2.69B | $2.60B |
| Current Liabilities | $517.00M | $482.90M | $707.40M | $649.30M | $675.30M | $592.40M |
| Long-term Debt | $374.10M | $397.30M | $712.20M | - | - | - |
| Total Liabilities | - | - | - | - | - | - |
| Stockholders' Equity | $1.04B | $1.06B | $862.40M | $952.80M | $942.10M | $740.60M |
| Retained Earnings | ($308.00M) | ($363.30M) | ($369.20M) | ($265.60M) | ($327.50M) | ($373.90M) |
Cash Flow
| Line item | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $70.60M | $112.70M | $173.30M | $105.60M | $205.00M | ($27.90M) |
| Investing Cash Flow | ($122.80M) | $373.70M | ($31.00M) | ($25.50M) | $17.80M | ($40.00M) |
| Financing Cash Flow | ($64.40M) | ($361.70M) | ($55.80M) | ($136.30M) | ($218.60M) | $21.10M |
| CapEx | $32.60M | $22.40M | $28.50M | $25.50M | $19.40M | $44.00M |
| Free Cash Flow | $38.00M | $90.30M | $144.80M | $80.10M | $185.60M | ($71.90M) |
Ratios
| Metric | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 35.0% | 34.7% | 34.5% | 31.3% | 31.6% | 31.3% |
| Operating margin | 8.6% | 6.0% | 7.7% | 8.4% | 6.1% | -19.3% |
| EBITDA margin | 11.7% | 9.0% | 10.2% | 11.4% | 9.2% | -16.1% |
| Net margin | 4.4% | 0.4% | -6.3% | 2.2% | 2.4% | -19.1% |
| Free cash flow margin | 2.5% | 6.7% | 9.6% | 4.0% | 9.5% | -3.6% |
| FCF / Net income | 0.57 | 15.31 | -1.52 | 1.82 | 4.00 | 0.19 |
| R&D / Revenue | - | - | - | - | - | - |
| SG&A / Revenue | 24.8% | 26.4% | 24.7% | 22.4% | 23.6% | 23.4% |
| Effective tax rate | 44.5% | 51.2% | - | 61.8% | 19.3% | - |
| Return on assets | 3.2% | 0.3% | -3.9% | 1.7% | 1.7% | -14.7% |
| Return on equity | 6.4% | 0.6% | -11.0% | 4.6% | 4.9% | -51.6% |
| Return on invested capital | 5.2% | 2.8% | 5.8% | - | - | - |
| Liquidity | ||||||
| Current ratio | 1.69 | 1.92 | 1.80 | 1.55 | 1.55 | 1.70 |
| Quick ratio | 1.22 | 1.50 | 1.51 | 1.08 | 1.11 | 1.24 |
| Cash ratio | 0.61 | 0.91 | 0.42 | 0.33 | 0.39 | 0.36 |
| Leverage | ||||||
| Debt / Equity | 0.36 | 0.37 | 0.83 | - | - | - |
| Debt / Assets | 0.18 | 0.19 | 0.29 | - | - | - |
| Debt / EBITDA | 2.10 | 3.26 | 4.62 | - | - | - |
| Interest coverage | - | - | - | - | - | - |
| Equity multiplier | 2.01 | 1.98 | 2.83 | 2.68 | 2.85 | 3.51 |
| Liabilities / Assets | - | - | - | - | - | - |
| Efficiency | ||||||
| Asset turnover | 0.73 | 0.64 | 0.62 | 0.78 | 0.73 | 0.77 |
| Inventory turnover | 4.09 | 4.42 | 4.74 | 4.70 | 4.54 | 5.03 |
| Days sales outstanding | 59d | 63d | 59d | 70d | 82d | 82d |
| Days inventory outstanding | 89d | 83d | 77d | 78d | 80d | 72d |
| Days payable outstanding | 64d | 62d | 53d | 52d | 60d | 54d |
| Cash conversion cycle | 84d | 84d | 83d | 96d | 102d | 100d |
| Valuation | ||||||
| P / E | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - |
| Growth | ||||||
| Revenue growth (YoY) | 13.2% | -10.4% | -24.5% | 2.3% | -2.2% | -28.8% |
| Revenue CAGR (3y) | -8.5% | -11.5% | -9.0% | -10.7% | - | - |
| Revenue CAGR (5y) | -5.2% | -13.6% | - | - | - | - |
| Gross profit growth (YoY) | 14.1% | -9.9% | -16.7% | 1.3% | -1.3% | -30.4% |
| Operating income growth (YoY) | 61.9% | -30.1% | -31.3% | 41.4% | - | - |
| Net income growth (YoY) | 1030.5% | - | - | -5.2% | - | - |
| EPS growth (YoY) | 1035.7% | - | - | -6.4% | - | - |
| EPS CAGR (3y) | 15.6% | -49.7% | - | -31.5% | - | - |
| EPS CAGR (5y) | - | -46.5% | - | - | - | - |
| FCF growth (YoY) | -57.9% | -37.6% | 80.8% | -56.8% | - | - |
| FCF CAGR (5y) | - | -17.8% | - | - | - | - |
| Book value growth (YoY) | -2.3% | 23.1% | -9.5% | 1.1% | 27.2% | -41.2% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2021-12-31.
Business segments
$1.53B totalPrecision Solutions$852.60M · 55.8%
Nutrition And Health Segment$676.40M · 44.2%
Product / service
$676.40M totalOriginal Equipment$436.50M · 64.5%
Aftermarket$239.90M · 35.5%
Geographic
$1.53B totalUS$558.20M · 36.5%
Geographical Component Other$528.50M · 34.6%
CN$222.30M · 14.5%
DE$109.10M · 7.1%
DK$65.70M · 4.3%
FR$45.20M · 3.0%
Stability scores
Piotroski F-score
FY 2021 · 9-point quality
8/9
Strong
- ✓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: Metalworkg Machinery & Equipment
Comparing SPX FLOW against the 5 most active filers in the same SIC group.