FRG · Franchise Group, 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 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Revenue	$4.40B	$3.26B	$2.15B	$132.55M	$174.87M	$173.99M
Cost of Revenue	-	-	$1.16B	-	-	-
Gross Profit	-	-	$992.40M	-	-	-
R&D	-	-	-	-	-	-
SG&A	$1.57B	$1.11B	$916.27M	$42.04M	$69.01M	$58.16M
Total Operating Expenses	$4.18B	$3.03B	$2.08B	$133.41M	$167.27M	$150.66M
D&A	$64.80M	$56.00M	$48.90M	$13.63M	$11.45M	$8.32M
Operating Income	$221.21M	$226.35M	$76.12M	($859.0K)	$7.60M	$23.32M
Interest Expense	$339.98M	$133.11M	$101.75M	$3.02M	$3.18M	$2.56M
Income Tax	($8.85M)	($33.54M)	($57.97M)	($1.84M)	$4.35M	$7.75M
Net Income	($68.57M)	$363.79M	$25.06M	($2.16M)	$135.0K	$13.01M
EPS - Basic	($1.96)	$8.83	$0.70	($0.16)	$0.01	$0.94
EPS - Diluted	($1.96)	$8.67	$0.70	($0.16)	$0.01	$0.94

Balance Sheet

Line item	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Cash & Equivalents	$80.78M	$292.71M	$151.50M	$22.98M	$18.52M	$16.43M
Accounts Receivable	$170.16M	$118.70M	$90.61M	($139.0K)	$66.82M	$74.48M
Inventory	$736.84M	$673.17M	$302.31M	-	-	-
Accounts Payable	-	-	-	-	-	-
Current Assets	$1.32B	$1.48B	$565.19M	$93.09M	$99.71M	$115.67M
Total Assets	$3.63B	$3.91B	$1.84B	$160.00M	$178.00M	$204.27M
Current Liabilities	$943.91M	$1.12B	$538.97M	$48.19M	$57.07M	$53.17M
Long-term Debt	$1.37B	$1.38B	$468.65M	$1.94M	$2.27M	$18.46M
Total Liabilities	$3.21B	$3.15B	$1.45B	$56.29M	$66.50M	$87.81M
Stockholders' Equity	$421.38M	$762.83M	$385.17M	$103.71M	$111.50M	$116.45M
Retained Earnings	$109.92M	$286.99M	$3.77M	$92.93M	$101.14M	$110.03M

Cash Flow

Line item	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Operating Cash Flow	($37.43M)	$105.97M	$27.64M	$17.13M	$27.64M	$32.45M
Investing Cash Flow	$215.78M	($914.16M)	($9.01M)	($2.67M)	($9.01M)	($13.25M)
Financing Cash Flow	($390.18M)	$949.73M	($9.76M)	($9.76M)	($16.83M)	($12.37M)
CapEx	$53.98M	$46.96M	$34.93M	$2.94M	$5.39M	$5.02M
Free Cash Flow	($91.41M)	$59.01M	($7.29M)	$14.19M	$22.26M	$27.42M

Ratios

Metric	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Profitability
Gross margin	-	-	46.1%	-	-	-
Operating margin	5.0%	7.0%	3.5%	-0.6%	4.3%	13.4%
EBITDA margin	6.5%	8.7%	5.8%	9.6%	10.9%	18.2%
Net margin	-1.6%	11.2%	1.2%	-1.6%	0.1%	7.5%
Free cash flow margin	-2.1%	1.8%	-0.3%	10.7%	12.7%	15.8%
FCF / Net income	1.33	0.16	-0.29	-6.58	164.87	2.11
R&D / Revenue	-	-	-	-	-	-
SG&A / Revenue	35.8%	34.0%	42.6%	31.7%	39.5%	33.4%
Effective tax rate	-	-10.2%	-	-	97.0%	37.3%
Return on assets	-1.9%	9.3%	1.4%	-1.3%	0.1%	6.4%
Return on equity	-16.3%	47.7%	6.5%	-2.1%	0.1%	11.2%
Return on invested capital	9.7%	10.5%	7.0%	-0.6%	3.3%	10.8%
Liquidity
Current ratio	1.39	1.32	1.05	1.93	1.75	2.18
Quick ratio	0.61	0.72	0.49	1.93	1.75	2.18
Cash ratio	0.09	0.26	0.28	0.48	0.32	0.31
Leverage
Debt / Equity	3.26	1.81	1.22	0.02	0.02	0.16
Debt / Assets	0.38	0.35	0.26	0.01	0.01	0.09
Debt / EBITDA	4.81	4.90	3.75	0.15	0.12	0.58
Interest coverage	0.7x	1.7x	0.7x	-0.3x	2.4x	9.1x
Equity multiplier	8.62	5.13	4.77	1.54	1.60	1.75
Liabilities / Assets	0.88	0.81	0.79	0.35	0.37	0.43
Efficiency
Asset turnover	1.21	0.83	1.17	0.83	0.98	0.85
Inventory turnover	-	-	3.84	-	-	-
Days sales outstanding	14d	13d	15d	-0d	139d	156d
Days inventory outstanding	-	-	95d	-	-	-
Days payable outstanding	-	-	-	-	-	-
Cash conversion cycle	-	-	-	-	-	-
Valuation
P / E	-	-	-	-	-	-
P / B	-	-	-	-	-	-
P / S	-	-	-	-	-	-
EV / EBITDA	-	-	-	-	-	-
Growth
Revenue growth (YoY)	35.1%	51.2%	1524.0%	-24.2%	0.5%	0.3%
Revenue CAGR (3y)	221.3%	165.0%	131.3%	-8.6%	2.5%	2.9%
Revenue CAGR (5y)	90.8%	79.8%	67.7%	-3.7%	5.9%	-
Gross profit growth (YoY)	-	-	-	-	-	-
Operating income growth (YoY)	-2.3%	197.4%	-	-	-67.4%	-28.2%
Net income growth (YoY)	-	1351.4%	-	-	-99.0%	-33.0%
EPS growth (YoY)	-	1138.6%	-	-	-98.9%	-31.9%
EPS CAGR (3y)	-	853.5%	-9.4%	-	-74.6%	-14.6%
EPS CAGR (5y)	-	44.4%	2.8%	-	-61.4%	-
FCF growth (YoY)	-	-	-	-36.2%	-18.8%	43.4%
FCF CAGR (5y)	-	25.3%	-	-16.2%	17.0%	-
Book value growth (YoY)	-44.8%	98.1%	271.4%	-7.0%	-4.3%	4.4%

Sales by segment

From XBRL dimensional facts in the 10-K period ending 2021-12-25.

Business segments

$3.26B total

Vitamin Shoppe$1.17B · 36.0%

American Freight$988.89M · 30.4%

Pet Supplies Plus$917.44M · 28.2%

Badcock$102.06M · 3.1%

Buddys$64.41M · 2.0%

Sylvan$9.68M · 0.3%

Product / service

$4.85B total

Product$3.01B · 62.1%

Retail$1.17B · 24.2%

Wholesale$355.38M · 7.3%

Service$209.10M · 4.3%

Financial Service$41.62M · 0.9%

Rental$33.63M · 0.7%

Service Other$24.16M · 0.5%

Warranty Revenue$5.39M · 0.1%

Royaltiesand Advertising$262.0K · 0.0%

Interest$228.0K · 0.0%

Franchise$1.0K · 0.0%

Stability scores

Altman Z′

FY 2022 · bankruptcy risk

1.55

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 2022 · 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: Patent Owners & Lessors

Company	Revenue (last FY)	Net margin	ROE
IDCC	$834.01M	48.8%	36.9%
APPS	$565.25M	-6.7%	-19.6%
DLB	$1.35B	18.9%	9.7%
ACTG	$285.23M	7.6%	4.0%
JYNT	-	-	19.3%

Comparing Franchise Group against the 5 most active filers in the same SIC group.