HIL · Hill International, 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 | $377.44M | $368.52M | $376.44M | $428.68M | $483.74M | $520.85M |
| Cost of Revenue | $253.76M | $249.17M | $249.59M | $297.99M | $336.88M | $358.94M |
| Gross Profit | $123.68M | $119.35M | $126.85M | $130.69M | $146.85M | $161.90M |
| R&D | - | - | - | - | - | - |
| SG&A | $113.59M | $109.22M | $111.12M | $148.04M | $151.19M | $162.72M |
| Total Operating Expenses | - | - | - | - | - | - |
| D&A | $4.04M | $3.96M | $2.81M | $3.38M | $4.48M | $4.11M |
| Operating Income | $9.26M | $10.50M | $18.33M | ($20.96M) | ($556.0K) | ($854.0K) |
| Interest Expense | - | - | - | - | - | - |
| Income Tax | $7.69M | $7.13M | ($1.11M) | $4.24M | $3.10M | $6.07M |
| Net Income | ($4.27M) | ($8.18M) | $14.08M | ($31.46M) | $27.37M | ($18.83M) |
| EPS - Basic | ($0.07) | ($0.14) | $0.25 | ($0.57) | $0.52 | ($0.36) |
| EPS - Diluted | ($0.07) | ($0.14) | $0.25 | ($0.57) | $0.52 | ($0.36) |
Balance Sheet
| Line item | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $21.82M | $34.23M | $15.91M | $18.71M | $21.35M | $25.64M |
| Accounts Receivable | $119.52M | $98.19M | $103.89M | $117.47M | $156.86M | $164.55M |
| Inventory | - | - | - | - | - | - |
| Accounts Payable | $23.57M | $20.95M | $22.10M | $30.00M | $32.34M | $30.94M |
| Current Assets | $190.48M | $182.90M | $171.30M | $183.09M | $198.41M | $266.17M |
| Total Assets | $283.06M | $272.00M | $269.55M | $264.77M | $293.30M | $401.21M |
| Current Liabilities | $107.42M | $84.97M | $91.50M | $109.04M | $125.87M | $140.10M |
| Long-term Debt | $29.30M | $48.29M | $41.15M | $44.59M | $37.78M | $144.10M |
| Total Liabilities | $179.82M | $162.71M | $159.32M | $170.32M | $182.63M | $310.82M |
| Stockholders' Equity | $102.80M | $107.74M | $109.36M | $93.84M | $109.08M | $88.37M |
| Retained Earnings | ($83.81M) | ($79.54M) | ($71.36M) | ($85.44M) | ($53.98M) | ($17.62M) |
Cash Flow
| Line item | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | ($12.66M) | $12.28M | $9.98M | ($25.90M) | ($11.95M) | $9.57M |
| Investing Cash Flow | ($2.38M) | ($2.89M) | ($3.94M) | ($3.07M) | $126.32M | ($3.88M) |
| Financing Cash Flow | $6.18M | $6.51M | ($4.93M) | $21.43M | ($115.82M) | ($2.61M) |
| CapEx | $1.70M | $1.84M | $3.94M | $2.33M | $1.88M | $956.0K |
| Free Cash Flow | ($14.36M) | $10.44M | $6.04M | ($28.22M) | ($13.84M) | $8.61M |
Ratios
| Metric | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 32.8% | 32.4% | 33.7% | 30.5% | 30.4% | 31.1% |
| Operating margin | 2.5% | 2.8% | 4.9% | -4.9% | -0.1% | -0.2% |
| EBITDA margin | 3.5% | 3.9% | 5.6% | -4.1% | 0.8% | 0.6% |
| Net margin | -1.1% | -2.2% | 3.7% | -7.3% | 5.7% | -3.6% |
| Free cash flow margin | -3.8% | 2.8% | 1.6% | -6.6% | -2.9% | 1.7% |
| FCF / Net income | 3.36 | -1.28 | 0.43 | 0.90 | -0.51 | -0.46 |
| R&D / Revenue | - | - | - | - | - | - |
| SG&A / Revenue | 30.1% | 29.6% | 29.5% | 34.5% | 31.3% | 31.2% |
| Effective tax rate | 225.0% | - | -8.5% | - | 10.2% | - |
| Return on assets | -1.5% | -3.0% | 5.2% | -11.9% | 9.3% | -4.7% |
| Return on equity | -4.2% | -7.6% | 12.9% | -33.5% | 25.1% | -21.3% |
| Return on invested capital | 3.5% | 5.3% | 12.2% | -12.0% | -0.3% | -0.3% |
| Liquidity | ||||||
| Current ratio | 1.77 | 2.15 | 1.87 | 1.68 | 1.58 | 1.90 |
| Quick ratio | 1.77 | 2.15 | 1.87 | 1.68 | 1.58 | 1.90 |
| Cash ratio | 0.20 | 0.40 | 0.17 | 0.17 | 0.17 | 0.18 |
| Leverage | ||||||
| Debt / Equity | 0.29 | 0.45 | 0.38 | 0.48 | 0.35 | 1.63 |
| Debt / Assets | 0.10 | 0.18 | 0.15 | 0.17 | 0.13 | 0.36 |
| Debt / EBITDA | 2.20 | 3.34 | 1.95 | - | 9.62 | 44.28 |
| Interest coverage | - | - | - | - | - | - |
| Equity multiplier | 2.75 | 2.52 | 2.46 | 2.82 | 2.69 | 4.54 |
| Liabilities / Assets | 0.64 | 0.60 | 0.59 | 0.64 | 0.62 | 0.77 |
| Efficiency | ||||||
| Asset turnover | 1.33 | 1.35 | 1.40 | 1.62 | 1.65 | 1.30 |
| Inventory turnover | - | - | - | - | - | - |
| Days sales outstanding | 116d | 97d | 101d | 100d | 118d | 115d |
| Days inventory outstanding | - | - | - | - | - | - |
| Days payable outstanding | 34d | 31d | 32d | 37d | 35d | 31d |
| Cash conversion cycle | - | - | - | - | - | - |
| Valuation | ||||||
| P / E | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - |
| Growth | ||||||
| Revenue growth (YoY) | 2.4% | -2.1% | -12.2% | -11.4% | -7.1% | -27.7% |
| Revenue CAGR (3y) | -4.2% | -8.7% | -10.3% | -15.9% | -8.9% | -3.3% |
| Revenue CAGR (5y) | -6.2% | -12.6% | -10.1% | -5.8% | 0.1% | 4.3% |
| Gross profit growth (YoY) | 3.6% | -5.9% | -2.9% | -11.0% | -9.3% | -39.7% |
| Operating income growth (YoY) | -11.8% | -42.7% | - | -3670.3% | 34.9% | - |
| Net income growth (YoY) | 47.8% | - | - | - | - | - |
| EPS growth (YoY) | 50.0% | - | - | - | - | - |
| EPS CAGR (3y) | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - |
| FCF growth (YoY) | - | 72.7% | - | -104.0% | - | - |
| FCF CAGR (5y) | - | - | 59.6% | - | - | -5.5% |
| Book value growth (YoY) | -4.6% | -1.5% | 16.5% | -14.0% | 23.4% | -22.5% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2021-12-31.
Geographic
$609.00M totalAmericas$196.93M · 32.3%
US$195.83M · 32.2%
Middle East Asia Pacific$85.54M · 14.0%
Europe$55.51M · 9.1%
Africa$39.46M · 6.5%
AE$35.73M · 5.9%
Stability scores
Altman Z′
FY 2021 · bankruptcy risk
1.63
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 2021 · 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: Services-Engineering Services
Comparing Hill International against the 5 most active filers in the same SIC group.