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.
Income Statement
| Line item | Q3 '22 | Q2 '22 | Q1 '22 | Q3 '21 | Q2 '21 | Q1 '21 | Q3 '20 | Q2 '20 | Q1 '20 | Q3 '19 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.21B | $1.15B | $984.00M | $1.02B | $983.00M | $889.00M | $514.00M | $871.00M | $901.00M | $1.13B |
| Cost of Revenue | $1.06B | $1.02B | $857.00M | $884.00M | $835.00M | $774.00M | $486.00M | $757.00M | $774.00M | $987.00M |
| Gross Profit | $154.00M | $137.00M | $127.00M | $132.00M | $148.00M | $115.00M | $28.00M | $114.00M | $127.00M | $179.00M |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $63.00M | $70.00M | $62.00M | $69.00M | $69.00M | $65.00M | $52.00M | $59.00M | $70.00M | $73.00M |
| Total Operating Expenses | - | - | - | - | - | - | - | - | - | - |
| D&A | - | - | $25.00M | - | - | $27.00M | - | - | $24.00M | - |
| Operating Income | $89.00M | $66.00M | $62.00M | $59.00M | $77.00M | $43.00M | ($41.00M) | $310.00M | $52.00M | $104.00M |
| Interest Expense | - | - | - | - | - | - | - | - | - | - |
| Income Tax | $21.00M | $15.00M | $12.00M | $14.00M | $22.00M | $7.00M | ($13.00M) | $73.00M | $13.00M | $21.00M |
| Net Income | $73.00M | $62.00M | $54.00M | $42.00M | $63.00M | $32.00M | ($36.00M) | $241.00M | $39.00M | $86.00M |
| EPS - Basic | $1.03 | $0.87 | $0.77 | $0.58 | $0.87 | $0.44 | ($0.50) | $3.28 | $0.50 | $1.03 |
| EPS - Diluted | $1.02 | $0.86 | $0.76 | $0.58 | $0.86 | $0.44 | ($0.50) | $3.20 | $0.48 | $1.00 |
Balance Sheet
| Line item | Q3 '22 | Q2 '22 | Q1 '22 | Q3 '21 | Q2 '21 | Q1 '21 | Q3 '20 | Q2 '20 | Q1 '20 | Q3 '19 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $105.00M | $115.00M | $113.00M | $101.00M | $321.00M | $283.00M | $315.00M | $508.00M | $108.00M | $108.00M |
| Accounts Receivable | $753.00M | $769.00M | $555.00M | $534.00M | $604.00M | $466.00M | $479.00M | $466.00M | $478.00M | $551.00M |
| Inventory | $710.00M | $719.00M | $667.00M | $601.00M | $510.00M | $473.00M | $435.00M | $529.00M | $556.00M | $526.00M |
| Accounts Payable | - | - | - | - | - | - | $423.00M | - | - | $610.00M |
| Current Assets | $1.63B | $1.66B | $1.40B | $1.29B | $1.51B | $1.29B | $1.28B | $1.54B | $1.18B | $1.22B |
| Total Assets | $3.25B | $3.32B | $3.05B | $2.94B | $3.14B | $2.93B | $2.88B | $3.23B | $2.90B | $2.81B |
| Current Liabilities | $1.12B | $1.19B | $979.00M | $900.00M | $889.00M | $711.00M | $726.00M | $936.00M | $982.00M | $936.00M |
| Long-term Debt | - | - | - | - | - | - | $1.19B | - | $901.00M | $902.00M |
| Total Liabilities | $2.52B | $2.60B | $2.41B | $2.32B | $2.53B | $2.37B | $2.39B | $2.80B | $2.51B | $2.40B |
| Stockholders' Equity | $696.00M | $679.00M | $597.00M | $574.00M | $577.00M | $530.00M | $462.00M | $392.00M | $352.00M | $385.00M |
| Retained Earnings | $1.14B | $1.07B | $1.01B | $935.00M | $831.00M | $768.00M | $736.00M | $771.00M | $530.00M | $491.00M |
Cash Flow
| Line item | Q3 '22 | Q2 '22 | Q1 '22 | Q3 '21 | Q2 '21 | Q1 '21 | Q3 '20 | Q2 '20 | Q1 '20 | Q3 '19 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | - | - | ($21.00M) | - | - | $44.00M | - | - | ($19.00M) | - |
| Investing Cash Flow | - | - | ($16.00M) | - | - | ($13.00M) | - | - | ($16.00M) | - |
| Financing Cash Flow | - | - | $50.00M | - | - | ($67.00M) | - | - | $34.00M | - |
| CapEx | - | - | $18.00M | - | - | $10.00M | - | - | $16.00M | - |
| Free Cash Flow | - | - | ($39.00M) | - | - | $34.00M | - | - | ($35.00M) | - |
Ratios
| Metric | Q3 '22 | Q2 '22 | Q1 '22 | Q3 '21 | Q2 '21 | Q1 '21 | Q3 '20 | Q2 '20 | Q1 '20 | Q3 '19 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 12.7% | 11.9% | 12.9% | 13.0% | 15.1% | 12.9% | 5.4% | 13.1% | 14.1% | 15.9% |
| Operating margin | 7.3% | 5.7% | 6.3% | 5.8% | 7.8% | 4.8% | -8.0% | 35.6% | 5.8% | 9.2% |
| EBITDA margin | - | - | 8.8% | - | - | 7.9% | - | - | 8.4% | - |
| Net margin | 6.0% | 5.4% | 5.5% | 4.1% | 6.4% | 3.6% | -7.0% | 27.7% | 4.3% | 7.6% |
| Free cash flow margin | - | - | -4.0% | - | - | 3.8% | - | - | -3.9% | - |
| FCF / Net income | - | - | -0.72 | - | - | 1.06 | - | - | -0.90 | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | 5.2% | 6.1% | 6.3% | 6.8% | 7.0% | 7.3% | 10.1% | 6.8% | 7.8% | 6.5% |
| Effective tax rate | 22.3% | 19.5% | 18.2% | 25.0% | 25.9% | 17.9% | - | 23.2% | 25.0% | 19.6% |
| Return on assets | 2.2% | 1.9% | 1.8% | 1.4% | 2.0% | 1.1% | -1.2% | 7.5% | 1.3% | 3.1% |
| Return on equity | 10.5% | 9.1% | 9.0% | 7.3% | 10.9% | 6.0% | -7.8% | 61.5% | 11.1% | 22.3% |
| Return on invested capital | - | - | - | - | - | - | -2.0% | - | 3.1% | 6.5% |
| Liquidity | ||||||||||
| Current ratio | 1.46 | 1.40 | 1.43 | 1.43 | 1.70 | 1.82 | 1.77 | 1.64 | 1.20 | 1.30 |
| Quick ratio | 0.82 | 0.79 | 0.75 | 0.76 | 1.12 | 1.15 | 1.17 | 1.08 | 0.63 | 0.74 |
| Cash ratio | 0.09 | 0.10 | 0.12 | 0.11 | 0.36 | 0.40 | 0.43 | 0.54 | 0.11 | 0.12 |
| Leverage | ||||||||||
| Debt / Equity | - | - | - | - | - | - | 2.57 | - | 2.56 | 2.34 |
| Debt / Assets | - | - | - | - | - | - | 0.41 | - | 0.31 | 0.32 |
| Debt / EBITDA | - | - | - | - | - | - | - | - | 11.86 | - |
| Interest coverage | - | - | - | - | - | - | - | - | - | - |
| Equity multiplier | 4.68 | 4.89 | 5.10 | 5.12 | 5.44 | 5.53 | 6.24 | 8.23 | 8.23 | 7.31 |
| Liabilities / Assets | 0.77 | 0.78 | 0.79 | 0.79 | 0.80 | 0.81 | 0.83 | 0.87 | 0.87 | 0.85 |
| Efficiency | ||||||||||
| Asset turnover | 0.37 | 0.35 | 0.32 | 0.35 | 0.31 | 0.30 | 0.18 | 0.27 | 0.31 | 0.40 |
| Inventory turnover | 1.49 | 1.41 | 1.28 | 1.47 | 1.64 | 1.64 | 1.12 | 1.43 | 1.39 | 1.88 |
| Days sales outstanding | 227d | 243d | 206d | 192d | 224d | 191d | 340d | 195d | 194d | 178d |
| Days inventory outstanding | 245d | 258d | 284d | 248d | 223d | 223d | 327d | 255d | 262d | 195d |
| Days payable outstanding | - | - | - | - | - | - | 318d | - | - | 226d |
| Cash conversion cycle | - | - | - | - | - | - | 349d | - | - | 147d |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 19.3% | 17.4% | 10.7% | 97.7% | 12.9% | -1.3% | -54.5% | -18.3% | -13.2% | - |
| Revenue CAGR (3y) | 2.4% | 2.7% | -1.8% | - | - | - | - | - | - | - |
| Revenue CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Gross profit growth (YoY) | 16.7% | -7.4% | 10.4% | 371.4% | 29.8% | -9.4% | -84.4% | -34.5% | -9.9% | 1.1% |
| Operating income growth (YoY) | 50.8% | -14.3% | 44.2% | - | -75.2% | -17.3% | - | 203.9% | -51.4% | 6.1% |
| Net income growth (YoY) | 73.8% | -1.6% | 68.8% | - | -73.9% | -17.9% | - | 234.7% | -56.7% | 34.4% |
| EPS growth (YoY) | 75.9% | 0.0% | 72.7% | - | -73.1% | -8.3% | - | 281.0% | -53.4% | 40.8% |
| EPS CAGR (3y) | 0.7% | 0.8% | -9.6% | -6.5% | 10.9% | - | - | 137.1% | 41.3% | 30.5% |
| EPS CAGR (5y) | 14.9% | 29.1% | 34.9% | 5.2% | 19.7% | 9.5% | - | 50.1% | 10.6% | -15.4% |
| FCF growth (YoY) | - | - | - | - | - | - | - | - | -191.7% | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | 21.3% | 17.7% | 12.6% | 24.2% | 47.2% | 50.6% | 20.0% | -4.6% | 7.0% | 34.1% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2021-09-30.
Business segments
$3.83B totalCommercial Truck Segment$2.87B · 74.8%
Aftermarket And Industrial Segment$967.00M · 25.2%
Product / service
$3.01B totalExternal Sales$2.87B · 95.3%
Intersegment Sales$142.00M · 4.7%
Geographic
$5.35B totalNorth 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%
Peer comparison
Same SIC group: Motor Vehicle Parts & Accessories
Comparing MERITOR against the 5 most active filers in the same SIC group.