FREE · Whole Earth Brands, 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 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $135.93M | $129.50M | - | $134.43M | $132.90M | $132.42M | - | $135.28M | $133.50M | $130.59M |
| Cost of Revenue | $95.81M | $92.19M | - | $96.90M | $99.52M | $100.08M | - | $100.26M | $96.19M | $91.03M |
| Gross Profit | $40.12M | $37.31M | - | $37.53M | $33.38M | $32.34M | - | $35.02M | $37.31M | $39.56M |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $25.66M | $29.49M | - | $26.23M | $25.63M | $24.69M | - | $23.57M | $24.96M | $27.79M |
| Total Operating Expenses | - | - | - | - | - | - | - | - | - | - |
| D&A | - | $1.64M | - | - | - | $1.69M | - | - | - | $1.46M |
| Operating Income | $9.79M | $3.13M | - | $6.66M | $3.05M | $3.00M | - | $6.82M | $7.69M | $7.07M |
| Interest Expense | - | - | - | - | - | - | - | - | - | - |
| Income Tax | $859.0K | $1.89M | - | $526.0K | ($2.75M) | $11.46M | - | $1.41M | $826.0K | $1.12M |
| Net Income | ($2.21M) | ($9.40M) | - | ($5.43M) | ($5.52M) | ($19.80M) | - | ($2.52M) | $1.33M | $2.73M |
| EPS - Basic | ($0.05) | ($0.22) | - | ($0.13) | ($0.13) | ($0.47) | - | ($0.06) | $0.03 | $0.07 |
| EPS - Diluted | ($0.05) | ($0.22) | - | ($0.13) | ($0.13) | ($0.47) | - | ($0.06) | $0.03 | $0.07 |
Balance Sheet
| Line item | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $24.79M | $23.75M | $30.51M | $24.25M | $24.11M | $26.63M | $28.68M | $20.85M | $27.62M | $29.36M |
| Accounts Receivable | $73.11M | $70.07M | $74.01M | $68.18M | $70.47M | $66.47M | $66.65M | $69.42M | $72.11M | $73.09M |
| Inventory | $201.32M | $218.04M | $209.27M | $216.80M | $217.05M | $218.40M | $218.97M | $228.83M | $228.07M | $215.06M |
| Accounts Payable | $41.42M | $58.59M | $55.66M | $51.20M | $53.26M | $50.15M | $47.00M | $50.87M | $57.62M | $55.43M |
| Current Assets | $307.60M | $319.36M | $320.23M | $314.86M | $319.35M | $320.48M | $324.83M | $330.94M | $338.16M | $325.80M |
| Total Assets | $809.13M | $815.63M | $825.70M | $825.39M | $840.11M | $840.27M | $849.00M | $900.32M | $920.68M | $923.56M |
| Current Liabilities | $77.86M | $95.56M | $98.95M | $93.69M | $96.07M | $98.87M | $87.04M | $89.94M | $94.18M | $101.78M |
| Long-term Debt | $423.83M | $422.38M | $417.93M | $424.48M | $427.04M | $427.60M | $432.17M | $435.74M | $432.31M | $412.89M |
| Total Liabilities | $577.04M | $581.65M | $574.01M | $577.71M | $584.28M | $579.72M | $574.45M | $585.27M | $591.33M | $583.59M |
| Stockholders' Equity | $232.09M | $233.99M | $251.69M | $247.68M | $255.84M | $260.55M | $274.55M | $315.05M | $329.34M | $339.97M |
| Retained Earnings | ($134.89M) | ($132.68M) | ($123.28M) | ($115.93M) | ($110.50M) | ($104.98M) | ($85.19M) | ($24.91M) | ($22.38M) | ($23.71M) |
Cash Flow
| Line item | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | - | ($9.56M) | - | - | - | $4.07M | - | - | - | $4.45M |
| Investing Cash Flow | - | ($885.0K) | - | - | - | ($1.56M) | - | - | - | ($3.23M) |
| Financing Cash Flow | - | $3.60M | - | - | - | ($5.34M) | - | - | - | ($337.0K) |
| CapEx | - | $1.08M | - | - | - | $1.56M | - | - | - | $3.28M |
| Free Cash Flow | - | ($10.65M) | - | - | - | $2.51M | - | - | - | $1.17M |
Ratios
| Metric | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 29.5% | 28.8% | - | 27.9% | 25.1% | 24.4% | - | 25.9% | 27.9% | 30.3% |
| Operating margin | 7.2% | 2.4% | - | 5.0% | 2.3% | 2.3% | - | 5.0% | 5.8% | 5.4% |
| EBITDA margin | - | 3.7% | - | - | - | 3.5% | - | - | - | 6.5% |
| Net margin | -1.6% | -7.3% | - | -4.0% | -4.2% | -15.0% | - | -1.9% | 1.0% | 2.1% |
| Free cash flow margin | - | -8.2% | - | - | - | 1.9% | - | - | - | 0.9% |
| FCF / Net income | - | 1.13 | - | - | - | -0.13 | - | - | - | 0.43 |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | 18.9% | 22.8% | - | 19.5% | 19.3% | 18.6% | - | 17.4% | 18.7% | 21.3% |
| Effective tax rate | - | - | - | - | - | - | - | - | 38.4% | 29.2% |
| Return on assets | -0.3% | -1.2% | - | -0.7% | -0.7% | -2.4% | - | -0.3% | 0.1% | 0.3% |
| Return on equity | -1.0% | -4.0% | - | -2.2% | -2.2% | -7.6% | - | -0.8% | 0.4% | 0.8% |
| Return on invested capital | 1.2% | 0.4% | - | 0.8% | 0.4% | 0.3% | - | 0.7% | 0.6% | 0.7% |
| Liquidity | ||||||||||
| Current ratio | 3.95 | 3.34 | 3.24 | 3.36 | 3.32 | 3.24 | 3.73 | 3.68 | 3.59 | 3.20 |
| Quick ratio | 1.36 | 1.06 | 1.12 | 1.05 | 1.06 | 1.03 | 1.22 | 1.14 | 1.17 | 1.09 |
| Cash ratio | 0.32 | 0.25 | 0.31 | 0.26 | 0.25 | 0.27 | 0.33 | 0.23 | 0.29 | 0.29 |
| Leverage | ||||||||||
| Debt / Equity | 1.83 | 1.81 | 1.66 | 1.71 | 1.67 | 1.64 | 1.57 | 1.38 | 1.31 | 1.21 |
| Debt / Assets | 0.52 | 0.52 | 0.51 | 0.51 | 0.51 | 0.51 | 0.51 | 0.48 | 0.47 | 0.45 |
| Debt / EBITDA | - | 88.60 | - | - | - | 91.15 | - | - | - | 48.43 |
| Interest coverage | - | - | - | - | - | - | - | - | - | - |
| Equity multiplier | 3.49 | 3.49 | 3.28 | 3.33 | 3.28 | 3.23 | 3.09 | 2.86 | 2.80 | 2.72 |
| Liabilities / Assets | 0.71 | 0.71 | 0.70 | 0.70 | 0.70 | 0.69 | 0.68 | 0.65 | 0.64 | 0.63 |
| Efficiency | ||||||||||
| Asset turnover | 0.17 | 0.16 | - | 0.16 | 0.16 | 0.16 | - | 0.15 | 0.15 | 0.14 |
| Inventory turnover | 0.48 | 0.42 | - | 0.45 | 0.46 | 0.46 | - | 0.44 | 0.42 | 0.42 |
| Days sales outstanding | 196d | 197d | - | 185d | 194d | 183d | - | 187d | 197d | 204d |
| Days inventory outstanding | 767d | 863d | - | 817d | 796d | 797d | - | 833d | 865d | 862d |
| Days payable outstanding | 158d | 232d | - | 193d | 195d | 183d | - | 185d | 219d | 222d |
| Cash conversion cycle | 805d | 829d | - | 809d | 794d | 797d | - | 835d | 844d | 844d |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 2.3% | -2.2% | - | -0.6% | -0.5% | 1.4% | - | 4.9% | 5.5% | 98.0% |
| Revenue CAGR (3y) | 2.4% | 25.2% | - | 23.4% | 24.4% | - | - | - | - | - |
| Revenue CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Gross profit growth (YoY) | 20.2% | 15.4% | - | 7.2% | -10.5% | -18.2% | - | -18.6% | -9.8% | 53.0% |
| Operating income growth (YoY) | 221.0% | 4.1% | - | -2.4% | -60.4% | -57.5% | - | -49.5% | 28.7% | - |
| Net income growth (YoY) | 59.9% | 52.5% | - | -115.4% | - | - | - | - | -64.1% | - |
| EPS growth (YoY) | 61.5% | 53.2% | - | -116.7% | - | - | - | - | -66.7% | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | - | - | - | - | - | 114.6% | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | -9.3% | -10.2% | -8.3% | -21.4% | -22.3% | -23.4% | -12.5% | 0.5% | 9.0% | 16.9% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2023-12-31.
Business segments
$550.91M totalBranded Cpg$426.29M · 77.4%
Flavors Ingredients$124.63M · 22.6%
Product / service
$550.91M totalSweeteners And Adjacencies$426.29M · 77.4%
Licorice Products$124.63M · 22.6%
Geographic
$483.39M totalNorth America$305.85M · 63.3%
Europe$70.41M · 14.6%
Non Us$57.10M · 11.8%
Asia Pacific$21.44M · 4.4%
Latin America$14.74M · 3.0%
India Middle East And Africa$13.85M · 2.9%
Peer comparison
Same SIC group: Sugar & Confectionery Products
Comparing Whole Earth Brands against the 4 most active filers in the same SIC group.