MTOR · Meritor, 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 2021	FY 2020	FY 2019	FY 2018	FY 2017	FY 2016
Revenue	$3.83B	$3.04B	$4.18B	-	-	-
Cost of Revenue	$3.33B	$2.72B	$2.85B	-	-	-
Gross Profit	$505.00M	$328.00M	$640.00M	$654.00M	$484.00M	$436.00M
R&D	$76.00M	$74.00M	$75.00M	$73.00M	$69.00M	$68.00M
SG&A	$270.00M	$221.00M	$256.00M	$317.00M	$264.00M	$213.00M
Total Operating Expenses	-	-	-	-	-	-
D&A	$103.00M	$101.00M	$87.00M	$84.00M	$75.00M	$67.00M
Operating Income	$218.00M	$332.00M	$363.00M	$317.00M	$207.00M	$204.00M
Interest Expense	$81.00M	$70.00M	$61.00M	$70.00M	$122.00M	$87.00M
Income Tax	$24.00M	$78.00M	$82.00M	$149.00M	$52.00M	($424.00M)
Net Income	$199.00M	$245.00M	$291.00M	$117.00M	$324.00M	$573.00M
EPS - Basic	$2.78	$3.31	$3.50	$1.34	$3.68	$6.36
EPS - Diluted	$2.73	$3.24	$3.37	$1.28	$3.59	$6.23

Balance Sheet

Line item	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017	FY 2016
Cash & Equivalents	$101.00M	$315.00M	$108.00M	$115.00M	$88.00M	$160.00M
Accounts Receivable	$534.00M	$479.00M	$551.00M	$588.00M	$789.00M	$396.00M
Inventory	$601.00M	$435.00M	$526.00M	$477.00M	$378.00M	$316.00M
Accounts Payable	-	$423.00M	$610.00M	$700.00M	$622.00M	$475.00M
Current Assets	$1.29B	$1.28B	$1.22B	$1.23B	$1.30B	$905.00M
Total Assets	$2.94B	$2.88B	$2.81B	$2.73B	$2.78B	$2.49B
Current Liabilities	$900.00M	$726.00M	$936.00M	$1.08B	$1.18B	$757.00M
Long-term Debt	-	$1.19B	$902.00M	$730.00M	$750.00M	$982.00M
Total Liabilities	$2.32B	$2.39B	$2.40B	$2.41B	$2.48B	$2.68B
Stockholders' Equity	$574.00M	$462.00M	$385.00M	$287.00M	$268.00M	($211.00M)
Retained Earnings	$935.00M	$736.00M	$491.00M	$200.00M	$83.00M	($241.00M)

Cash Flow

Line item	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017	FY 2016
Operating Cash Flow	$197.00M	$265.00M	$256.00M	$251.00M	$176.00M	$204.00M
Investing Cash Flow	($98.00M)	($89.00M)	($271.00M)	$111.00M	($127.00M)	($86.00M)
Financing Cash Flow	($314.00M)	$36.00M	$11.00M	($329.00M)	($122.00M)	($152.00M)
CapEx	$90.00M	$85.00M	$103.00M	$104.00M	$95.00M	$93.00M
Free Cash Flow	$107.00M	$180.00M	$153.00M	$147.00M	$81.00M	$111.00M

Ratios

Metric	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017	FY 2016
Profitability
Gross margin	13.2%	10.8%	15.3%	-	-	-
Operating margin	5.7%	10.9%	8.7%	-	-	-
EBITDA margin	8.4%	14.2%	10.8%	-	-	-
Net margin	5.2%	8.0%	7.0%	-	-	-
Free cash flow margin	2.8%	5.9%	3.7%	-	-	-
FCF / Net income	0.54	0.73	0.53	1.26	0.25	0.19
R&D / Revenue	2.0%	2.4%	1.8%	-	-	-
SG&A / Revenue	7.0%	7.3%	6.1%	-	-	-
Effective tax rate	10.8%	24.1%	22.0%	56.0%	13.8%	-284.6%
Return on assets	6.8%	8.5%	10.3%	4.3%	11.6%	23.0%
Return on equity	34.7%	53.0%	75.6%	40.8%	120.9%	-271.6%
Return on invested capital	-	15.3%	22.0%	15.6%	17.5%	26.5%
Liquidity
Current ratio	1.43	1.77	1.30	1.13	1.10	1.20
Quick ratio	0.76	1.17	0.74	0.69	0.78	0.78
Cash ratio	0.11	0.43	0.12	0.11	0.07	0.21
Leverage
Debt / Equity	-	2.57	2.34	2.54	2.80	-4.65
Debt / Assets	-	0.41	0.32	0.27	0.27	0.39
Debt / EBITDA	-	2.74	2.00	1.82	2.66	3.62
Interest coverage	2.7x	4.7x	6.0x	4.5x	1.7x	2.3x
Equity multiplier	5.12	6.24	7.31	9.50	10.38	-11.82
Liabilities / Assets	0.79	0.83	0.85	0.88	0.89	1.07
Efficiency
Asset turnover	1.30	1.06	1.48	-	-	-
Inventory turnover	5.54	6.24	5.42	-	-	-
Days sales outstanding	51d	57d	48d	-	-	-
Days inventory outstanding	66d	58d	67d	-	-	-
Days payable outstanding	-	57d	78d	-	-	-
Cash conversion cycle	-	59d	37d	-	-	-
Valuation
P / E	-	-	-	-	-	-
P / B	-	-	-	-	-	-
P / S	-	-	-	-	-	-
EV / EBITDA	-	-	-	-	-	-
Growth
Revenue growth (YoY)	25.9%	-27.1%	-	-	-	-
Revenue CAGR (3y)	-	-	-	-	-	-
Revenue CAGR (5y)	-	-	-	-	-	-
Gross profit growth (YoY)	54.0%	-48.8%	-2.1%	35.1%	11.0%	-5.6%
Operating income growth (YoY)	-34.3%	-8.5%	14.5%	53.1%	1.5%	59.4%
Net income growth (YoY)	-18.8%	-15.8%	148.7%	-63.9%	-43.5%	795.3%
EPS growth (YoY)	-15.7%	-3.9%	163.3%	-64.3%	-42.4%	873.4%
EPS CAGR (3y)	28.7%	-3.4%	-18.5%	26.0%	-	-
EPS CAGR (5y)	-15.2%	38.3%	-	-	46.1%	-
FCF growth (YoY)	-40.6%	17.6%	4.1%	81.5%	-27.0%	516.7%
FCF CAGR (5y)	-0.7%	58.5%	-	-	-	-
Book value growth (YoY)	24.2%	20.0%	34.1%	7.1%	-	68.6%

Sales by segment

From XBRL dimensional facts in the 10-K period ending 2021-09-30.

Business segments

$3.83B total

Commercial Truck Segment$2.87B · 74.8%

Aftermarket And Industrial Segment$967.00M · 25.2%

Product / service

$3.01B total

External Sales$2.87B · 95.3%

Intersegment Sales$142.00M · 4.7%

Geographic

$5.35B total

North America$1.52B · 28.4%

US$1.34B · 25.1%

Europe$649.00M · 12.1%

BR$315.00M · 5.9%

SE$276.00M · 5.2%

IT$222.00M · 4.2%

MX$175.00M · 3.3%

Other Europe$151.00M · 2.8%

IN$146.00M · 2.7%

GB$142.00M · 2.7%

CN$128.00M · 2.4%

Asia Pacific Other$111.00M · 2.1%

Other Asia Pacific$111.00M · 2.1%

CA$55.00M · 1.0%

Europe Other$9.00M · 0.2%

Stability scores

Altman Z′

FY 2021 · bankruptcy risk

2.00

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

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: Motor Vehicle Parts & Accessories

Company	Revenue (last FY)	Net margin	ROE
ALSN	$3.01B	20.7%	33.4%
ALV	$10.81B	6.8%	28.6%
DAN	$7.50B	1.1%	10.1%
PHIN	$3.48B	3.7%	8.2%
BWA	$14.32B	1.9%	5.1%

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