KAMN · Kaman Corp - 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 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018
Revenue	$775.85M	$687.96M	$708.99M	$784.46M	$761.61M	$1.81B
Cost of Revenue	$504.65M	$464.47M	$472.38M	$538.88M	$520.80M	$1.26B
Gross Profit	$270.14M	$178.95M	$236.62M	$245.58M	$240.81M	$550.04M
R&D	$20.70M	$19.55M	$14.76M	-	-	-
SG&A	$170.91M	$166.45M	$152.47M	$199.91M	$177.19M	$444.90M
Total Operating Expenses	-	-	-	-	-	-
D&A	$50.04M	$40.71M	$36.65M	$43.90M	$25.85M	$42.03M
Operating Income	$49.10M	($66.34M)	$49.50M	($84.31M)	$53.41M	$83.06M
Interest Expense	$40.00M	$16.87M	$16.29M	$19.27M	$17.20M	$20.10M
Income Tax	$2.74M	($16.73M)	$16.83M	($7.73M)	($15.86M)	$21.07M
Net Income	$7.95M	($46.23M)	$43.68M	($69.74M)	$209.83M	$54.17M
EPS - Basic	$0.28	($1.65)	$1.57	($2.52)	$7.51	$1.94
EPS - Diluted	$0.28	($1.65)	$1.57	($2.52)	$7.47	$1.92

Balance Sheet

Line item	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018
Cash & Equivalents	$35.18M	$24.15M	$140.80M	$104.38M	$471.54M	$27.71M
Accounts Receivable	$96.88M	$87.66M	$73.52M	$153.81M	$156.49M	$301.09M
Inventory	$207.61M	$176.47M	$193.10M	$185.07M	$156.35M	$294.91M
Accounts Payable	$51.86M	$48.28M	$42.13M	$60.20M	$70.88M	$158.63M
Current Assets	$452.44M	$431.56M	$546.54M	$597.97M	$936.49M	$773.11M
Total Assets	$1.50B	$1.49B	$1.20B	$1.31B	$1.42B	$1.46B
Current Liabilities	$342.80M	$126.58M	$120.94M	$228.41M	$203.99M	$298.48M
Long-term Debt	$358.00M	$561.06M	$189.42M	$185.40M	$181.62M	$284.26M
Total Liabilities	-	-	-	-	-	-
Stockholders' Equity	$691.77M	$683.98M	$796.33M	$746.44M	$823.20M	$633.16M
Retained Earnings	$670.61M	$688.46M	$750.45M	$728.76M	$820.67M	$610.10M

Cash Flow

Line item	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018
Operating Cash Flow	$72.72M	$20.97M	$48.70M	$16.47M	($7.80M)	$162.37M
Investing Cash Flow	($29.12M)	($473.05M)	($21.11M)	($318.72M)	$618.48M	($29.96M)
Financing Cash Flow	($32.87M)	$335.92M	($22.23M)	($33.53M)	($144.75M)	($141.36M)
CapEx	$26.00M	$23.69M	$17.53M	$17.78M	$22.45M	$29.87M
Free Cash Flow	$46.71M	($2.72M)	$31.17M	($1.31M)	($30.25M)	$132.50M

Ratios

Metric	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018
Profitability
Gross margin	34.8%	26.0%	33.4%	31.3%	31.6%	30.4%
Operating margin	6.3%	-9.6%	7.0%	-10.7%	7.0%	4.6%
EBITDA margin	12.8%	-3.7%	12.2%	-5.2%	10.4%	6.9%
Net margin	1.0%	-6.7%	6.2%	-8.9%	27.6%	3.0%
Free cash flow margin	6.0%	-0.4%	4.4%	-0.2%	-4.0%	7.3%
FCF / Net income	5.88	0.06	0.71	0.02	-0.14	2.45
R&D / Revenue	2.7%	2.8%	2.1%	-	-	-
SG&A / Revenue	22.0%	24.2%	21.5%	25.5%	23.3%	24.6%
Effective tax rate	25.6%	-	27.8%	-	-8.2%	28.0%
Return on assets	0.5%	-3.1%	3.6%	-5.3%	14.8%	3.7%
Return on equity	1.1%	-6.8%	5.5%	-9.3%	25.5%	8.6%
Return on invested capital	3.5%	-4.2%	3.6%	-7.1%	5.3%	6.5%
Liquidity
Current ratio	1.32	3.41	4.52	2.62	4.59	2.59
Quick ratio	0.71	2.02	2.92	1.81	3.82	1.60
Cash ratio	0.10	0.19	1.16	0.46	2.31	0.09
Leverage
Debt / Equity	0.52	0.82	0.24	0.25	0.22	0.45
Debt / Assets	0.24	0.38	0.16	0.14	0.13	0.19
Debt / EBITDA	3.61	-	2.20	-	2.29	2.27
Interest coverage	1.2x	-3.9x	3.0x	-4.4x	3.1x	4.1x
Equity multiplier	2.17	2.18	1.51	1.75	1.72	2.31
Liabilities / Assets	-	-	-	-	-	-
Efficiency
Asset turnover	0.52	0.46	0.59	0.60	0.54	1.24
Inventory turnover	2.43	2.63	2.45	2.91	3.33	4.28
Days sales outstanding	46d	47d	38d	72d	75d	61d
Days inventory outstanding	150d	139d	149d	125d	110d	85d
Days payable outstanding	38d	38d	33d	41d	50d	46d
Cash conversion cycle	158d	147d	155d	156d	135d	100d
Valuation
P / E	-	-	-	-	-	-
P / B	-	-	-	-	-	-
P / S	-	-	-	-	-	-
EV / EBITDA	-	-	-	-	-	-
Growth
Revenue growth (YoY)	12.8%	-3.0%	-9.6%	3.0%	-57.9%	0.0%
Revenue CAGR (3y)	-0.4%	-3.3%	-26.8%	-24.3%	-24.9%	3.0%
Revenue CAGR (5y)	-15.6%	-17.6%	-17.0%	-13.9%	-13.4%	4.1%
Gross profit growth (YoY)	51.0%	-24.4%	-3.7%	2.0%	-56.2%	0.5%
Operating income growth (YoY)	-	-	-	-	-35.7%	-27.2%
Net income growth (YoY)	-	-	-	-	287.4%	8.7%
EPS growth (YoY)	-	-	-	-	289.1%	9.7%
EPS CAGR (3y)	-	-	-6.5%	-	52.7%	-4.0%
EPS CAGR (5y)	-32.0%	-	-5.7%	-	29.1%	-1.8%
FCF growth (YoY)	-	-	-	95.7%	-	153.6%
FCF CAGR (5y)	-18.8%	-	-16.7%	-	-	43.2%
Book value growth (YoY)	1.1%	-14.1%	6.7%	-9.3%	30.0%	-0.4%

Sales by segment

From XBRL dimensional facts in the 10-K period ending 2023-12-31.

Business segments

$775.85M total

Engineered Products$512.83M · 66.1%

Structures$133.88M · 17.3%

Precision Products$129.15M · 16.6%

Product / service

$582.28M total

Commercial Aerospace$264.97M · 45.5%

Medical$93.28M · 16.0%

Militaryand Defenseotherthanfuzes$77.53M · 13.3%

Other$77.05M · 13.2%

Missileand Bomb Fuzes$69.44M · 11.9%

Geographic

$775.85M total

North America$482.11M · 62.1%

Europe$200.88M · 25.9%

Asia$41.87M · 5.4%

Middle East$32.86M · 4.2%

Oceania Domain$10.79M · 1.4%

Segment Geographical Groups Of Countries Group Six$7.34M · 0.9%

Stability scores

Piotroski F-score

FY 2023 · 9-point quality

7/9

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: Guided Missiles & Space Vehicles & Parts

Company	Revenue (last FY)	Net margin	ROE
KTOS	$1.35B	1.6%	1.1%
LMT	$75.05B	6.7%	74.6%
RDW	$335.38M	-67.6%	-21.4%
RKLB	$601.80M	-32.9%	-11.5%
LLAP	-	-	-

Comparing KAMAN Corp against the 5 most active filers in the same SIC group.