HCCI · Heritage-Crystal Clean, 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 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q3 '21 | Q2 '21 | Q1 '21 | Q3 '20 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $192.17M | $193.48M | - | $172.22M | $156.65M | $139.37M | $123.17M | $117.28M | $105.38M | $87.13M |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $20.36M | $17.70M | - | $17.09M | $15.02M | $13.73M | $13.29M | $13.04M | $12.19M | $9.41M |
| Total Operating Expenses | $146.39M | $140.06M | - | $114.15M | $104.75M | $101.78M | $79.49M | $78.33M | $76.77M | $67.13M |
| D&A | $11.80M | $12.17M | - | $8.26M | $6.78M | $6.51M | $5.77M | $5.62M | $3.78M | $5.63M |
| Operating Income | $13.88M | $24.02M | - | $33.05M | $29.09M | $17.55M | $24.86M | $20.62M | $12.75M | $5.41M |
| Interest Expense | $1.90M | $1.80M | - | $900.0K | $300.0K | $200.0K | $200.0K | $400.0K | $400.0K | - |
| Income Tax | $3.31M | $5.62M | - | $8.97M | $7.73M | $4.45M | $6.14M | $5.33M | $3.22M | $1.16M |
| Net Income | $8.64M | $16.59M | - | $23.20M | $15.11M | $9.21M | $18.51M | $15.11M | $9.21M | $3.96M |
| EPS - Basic | $0.36 | $0.70 | - | $0.98 | $0.90 | $0.55 | $0.79 | $0.65 | $0.39 | $0.17 |
| EPS - Diluted | $0.36 | $0.70 | - | $0.98 | $0.89 | $0.54 | $0.79 | $0.64 | $0.39 | $0.17 |
Balance Sheet
| Line item | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q3 '21 | Q2 '21 | Q1 '21 | Q3 '20 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $33.10M | $35.34M | $22.05M | $25.71M | $73.76M | $71.07M | $75.27M | $67.27M | $46.67M | $52.65M |
| Accounts Receivable | $104.70M | $113.07M | $114.41M | $118.72M | $80.27M | $70.05M | $60.29M | $59.39M | $52.61M | $48.88M |
| Inventory | $47.02M | $47.29M | $40.73M | $42.47M | $36.22M | $30.20M | $27.85M | $25.96M | $25.53M | $24.84M |
| Accounts Payable | $52.60M | $54.53M | $55.09M | $56.75M | $45.04M | $43.05M | $32.25M | $32.19M | $31.02M | $26.93M |
| Current Assets | $199.48M | $206.54M | $191.30M | $203.06M | $195.80M | $178.39M | $173.58M | $158.80M | $132.83M | $134.84M |
| Total Assets | $812.79M | $811.01M | $794.24M | $759.01M | $579.54M | $561.41M | $504.83M | $469.84M | $442.30M | $453.61M |
| Current Liabilities | $107.45M | $118.11M | $115.75M | $227.82M | $97.61M | $99.25M | $90.20M | $77.89M | $72.88M | $71.98M |
| Long-term Debt | $84.48M | $84.43M | $89.38M | - | - | $0 | $0 | $0 | $29.66M | $29.56M |
| Total Liabilities | $356.89M | $365.05M | $364.01M | $357.07M | $202.19M | $204.97M | $182.27M | $165.81M | $154.98M | $182.77M |
| Stockholders' Equity | $455.90M | $445.96M | $430.23M | $401.94M | $377.34M | $342.06M | $322.56M | $304.03M | $287.32M | $270.84M |
| Retained Earnings | $247.06M | $238.41M | $221.83M | $194.25M | $171.05M | $149.94M | $118.94M | $100.44M | $85.33M | $70.77M |
Cash Flow
| Line item | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q3 '21 | Q2 '21 | Q1 '21 | Q3 '20 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | - | $25.66M | - | - | - | $24.59M | - | - | $16.20M | - |
| Investing Cash Flow | - | ($8.65M) | - | - | - | ($9.14M) | - | - | ($5.26M) | - |
| Financing Cash Flow | - | ($3.72M) | - | - | - | ($648.0K) | - | - | ($31.85M) | - |
| CapEx | - | $9.95M | - | - | - | $9.15M | - | - | $5.41M | - |
| Free Cash Flow | - | $15.71M | - | - | - | $15.44M | - | - | $10.79M | - |
Ratios
| Metric | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q3 '21 | Q2 '21 | Q1 '21 | Q3 '20 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | - | - | - | - | - | - | - | - | - | - |
| Operating margin | 7.2% | 12.4% | - | 19.2% | 18.6% | 12.6% | 20.2% | 17.6% | 12.1% | 6.2% |
| EBITDA margin | 13.4% | 18.7% | - | 24.0% | 22.9% | 17.3% | 24.9% | 22.4% | 15.7% | 12.7% |
| Net margin | 4.5% | 8.6% | - | 13.5% | 9.6% | 6.6% | 15.0% | 12.9% | 8.7% | 4.5% |
| Free cash flow margin | - | 8.1% | - | - | - | 11.1% | - | - | 10.2% | - |
| FCF / Net income | - | 0.95 | - | - | - | 1.68 | - | - | 1.17 | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | 10.6% | 9.1% | - | 9.9% | 9.6% | 9.9% | 10.8% | 11.1% | 11.6% | 10.8% |
| Effective tax rate | 27.7% | 25.3% | - | 27.9% | 33.9% | 32.6% | 24.9% | 26.1% | 25.9% | 22.7% |
| Return on assets | 1.1% | 2.0% | - | 3.1% | 2.6% | 1.6% | 3.7% | 3.2% | 2.1% | 0.9% |
| Return on equity | 1.9% | 3.7% | - | 5.8% | 4.0% | 2.7% | 5.7% | 5.0% | 3.2% | 1.5% |
| Return on invested capital | 1.9% | 3.4% | - | - | - | 3.5% | 5.8% | 5.0% | 3.0% | 1.4% |
| Liquidity | ||||||||||
| Current ratio | 1.86 | 1.75 | 1.65 | 0.89 | 2.01 | 1.80 | 1.92 | 2.04 | 1.82 | 1.87 |
| Quick ratio | 1.42 | 1.35 | 1.30 | 0.70 | 1.63 | 1.49 | 1.62 | 1.71 | 1.47 | 1.53 |
| Cash ratio | 0.31 | 0.30 | 0.19 | 0.11 | 0.76 | 0.72 | 0.83 | 0.86 | 0.64 | 0.73 |
| Leverage | ||||||||||
| Debt / Equity | 0.19 | 0.19 | 0.21 | - | - | 0.00 | 0.00 | 0.00 | 0.10 | 0.11 |
| Debt / Assets | 0.10 | 0.10 | 0.11 | - | - | 0.00 | 0.00 | 0.00 | 0.07 | 0.07 |
| Debt / EBITDA | 3.29 | 2.33 | - | - | - | 0.00 | 0.00 | 0.00 | 1.79 | 2.68 |
| Interest coverage | 7.3x | 13.3x | - | 36.7x | 97.0x | 87.8x | 124.3x | 51.6x | 31.9x | - |
| Equity multiplier | 1.78 | 1.82 | 1.85 | 1.89 | 1.54 | 1.64 | 1.57 | 1.55 | 1.54 | 1.67 |
| Liabilities / Assets | 0.44 | 0.45 | 0.46 | 0.47 | 0.35 | 0.37 | 0.36 | 0.35 | 0.35 | 0.40 |
| Efficiency | ||||||||||
| Asset turnover | 0.24 | 0.24 | - | 0.23 | 0.27 | 0.25 | 0.24 | 0.25 | 0.24 | 0.19 |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | 199d | 213d | - | 252d | 187d | 183d | 179d | 185d | 182d | 205d |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 22.7% | 38.8% | - | 39.8% | 33.6% | 32.2% | 41.4% | 47.5% | -1.8% | -16.9% |
| Revenue CAGR (3y) | 34.2% | 21.7% | - | 18.0% | 14.3% | 13.3% | 7.3% | 5.4% | 8.2% | 1.5% |
| Revenue CAGR (5y) | 13.9% | 18.4% | - | 15.6% | 12.6% | 11.6% | 8.5% | 7.8% | 6.1% | 1.1% |
| Gross profit growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Operating income growth (YoY) | -52.3% | 36.9% | - | 33.0% | 41.1% | 37.7% | 359.9% | - | 83.4% | -36.3% |
| Net income growth (YoY) | -42.8% | 80.2% | - | 25.4% | 0.0% | 0.0% | 367.6% | - | 74.0% | -33.7% |
| EPS growth (YoY) | -59.6% | 29.6% | - | 24.1% | 39.1% | 38.5% | 364.7% | - | 69.6% | -32.0% |
| EPS CAGR (3y) | - | 44.9% | - | 57.7% | 43.7% | - | 43.0% | 35.0% | - | -5.3% |
| EPS CAGR (5y) | 6.7% | - | - | 37.4% | 24.3% | 20.8% | 51.2% | 51.6% | - | 7.2% |
| FCF growth (YoY) | - | 1.7% | - | - | - | 43.1% | - | - | 2445.3% | - |
| FCF CAGR (5y) | - | - | - | - | - | 13.0% | - | - | 70.7% | - |
| Book value growth (YoY) | 20.8% | 30.4% | - | 24.6% | 24.1% | 19.1% | 19.1% | 14.3% | 7.2% | 1.9% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2022-01-01.
Business segments
$490.60M totalEnvironmental Services Segment$293.49M · 59.8%
Oil Business Segment$197.11M · 40.2%
Product / service
$981.20M totalService$262.86M · 26.8%
Product$227.74M · 23.2%
Parts Cleaning Containerized Wasteand Related Products Services$178.24M · 18.2%
Rerefinery Product Sales$171.60M · 17.5%
Vacuum Servicesand Wastewater Treatment$64.59M · 6.6%
Antifreeze Business$27.82M · 2.8%
Field Services$20.97M · 2.1%
Oil Collection Servicesand RFO$20.11M · 2.0%
Oil Filter Business$5.40M · 0.6%
Environmental Services Other$1.85M · 0.2%