NYSE: SCS · Steelcase 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 '26 | Q1 '26 | Q1 '25 | Q3 '25 | Q2 '25 | Q1 '24 | Q3 '24 | Q2 '24 | Q1 '23 | Q3 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $897.10M | $779.00M | $727.30M | $794.90M | $855.80M | $751.90M | $777.90M | $854.60M | $740.70M | $826.90M |
| Cost of Revenue | $585.00M | $514.20M | $485.90M | $528.10M | $558.50M | $515.90M | $525.50M | $569.80M | $548.20M | $587.70M |
| Gross Profit | $308.50M | $263.80M | $234.40M | $265.40M | $295.40M | $234.60M | $252.30M | $283.40M | $191.60M | $237.80M |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | - | - | - | - | - | - | - | - | - | - |
| Total Operating Expenses | $247.10M | $230.10M | $217.50M | $223.80M | $205.10M | $220.60M | $206.50M | $235.90M | $200.90M | $208.10M |
| D&A | $20.00M | $17.60M | $20.20M | - | - | $20.40M | - | - | $20.20M | - |
| Operating Income | $53.10M | $25.50M | $17.60M | $41.00M | $90.00M | $7.30M | $43.80M | $41.00M | ($12.60M) | $20.50M |
| Interest Expense | $6.30M | $6.30M | $6.20M | $6.30M | $6.40M | $6.60M | $6.40M | $6.60M | $6.40M | $7.60M |
| Income Tax | $17.10M | $5.20M | $3.20M | $7.00M | $22.80M | $1.40M | $9.80M | $9.50M | ($4.40M) | $5.20M |
| Net Income | $35.00M | $13.60M | $10.90M | $19.10M | $63.10M | $1.50M | $30.80M | $27.50M | ($11.40M) | $11.40M |
| EPS - Basic | $0.29 | $0.11 | $0.09 | $0.16 | $0.53 | $0.01 | $0.26 | $0.23 | ($0.10) | $0.10 |
| EPS - Diluted | $0.29 | $0.11 | $0.09 | $0.16 | $0.53 | $0.01 | $0.26 | $0.23 | ($0.10) | $0.10 |
Balance Sheet
| Line item | Q2 '26 | Q1 '26 | Q1 '25 | Q3 '25 | Q2 '25 | Q1 '24 | Q3 '24 | Q2 '24 | Q1 '23 | Q3 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $216.80M | $183.90M | $346.30M | $365.20M | $296.60M | $318.60M | $262.00M | $153.60M | $90.40M | $55.00M |
| Accounts Receivable | $369.80M | $340.10M | $323.10M | $340.30M | $354.40M | $338.30M | $354.50M | $372.90M | $373.30M | $400.10M |
| Inventory | $288.00M | $286.60M | $245.70M | $246.00M | $241.90M | $231.00M | $259.80M | $271.00M | $319.70M | $378.50M |
| Accounts Payable | $234.00M | $241.50M | $228.20M | $249.30M | $233.00M | $211.30M | $231.60M | $227.00M | $203.50M | $250.00M |
| Current Assets | $1.01B | $938.70M | $1.03B | $1.07B | $1.00B | $959.40M | $968.80M | $901.20M | $884.00M | $914.50M |
| Total Assets | $2.35B | $2.26B | $2.33B | $2.32B | $2.27B | $2.24B | $2.25B | $2.20B | $2.20B | $2.27B |
| Current Liabilities | $607.10M | $568.50M | $669.10M | $677.60M | $617.60M | $607.10M | $630.60M | $589.90M | $603.30M | $679.10M |
| Long-term Debt | $447.40M | $447.30M | $447.10M | $446.90M | $446.70M | $446.30M | $446.10M | $445.90M | $445.50M | $445.60M |
| Total Liabilities | $1.34B | $1.27B | $1.38B | $1.39B | $1.34B | $1.35B | $1.37B | $1.35B | $1.38B | $1.46B |
| Stockholders' Equity | $1.02B | $982.70M | $951.70M | $932.60M | $933.00M | $887.10M | $875.90M | $853.10M | $826.20M | $809.60M |
| Retained Earnings | $1.01B | $987.30M | $985.90M | $970.10M | $962.80M | $912.80M | $903.40M | $884.40M | $879.30M | $875.30M |
Cash Flow
| Line item | Q2 '26 | Q1 '26 | Q1 '25 | Q3 '25 | Q2 '25 | Q1 '24 | Q3 '24 | Q2 '24 | Q1 '23 | Q3 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | - | ($141.10M) | ($59.10M) | - | - | $11.30M | - | - | ($55.10M) | - |
| Investing Cash Flow | - | ($5.90M) | ($46.60M) | - | - | ($11.20M) | - | - | ($7.30M) | - |
| Financing Cash Flow | - | ($17.20M) | ($40.00M) | - | - | ($50.30M) | - | - | ($20.70M) | - |
| CapEx | - | $14.00M | $12.10M | - | - | $11.70M | - | - | $13.60M | - |
| Free Cash Flow | - | ($155.10M) | ($71.20M) | - | - | ($400.0K) | - | - | ($68.70M) | - |
Ratios
| Metric | Q2 '26 | Q1 '26 | Q1 '25 | Q3 '25 | Q2 '25 | Q1 '24 | Q3 '24 | Q2 '24 | Q1 '23 | Q3 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 34.4% | 33.9% | 32.2% | 33.4% | 34.5% | 31.2% | 32.4% | 33.2% | 25.9% | 28.8% |
| Operating margin | 5.9% | 3.3% | 2.4% | 5.2% | 10.5% | 1.0% | 5.6% | 4.8% | -1.7% | 2.5% |
| EBITDA margin | 8.1% | 5.5% | 5.2% | - | - | 3.7% | - | - | 1.0% | - |
| Net margin | 3.9% | 1.7% | 1.5% | 2.4% | 7.4% | 0.2% | 4.0% | 3.2% | -1.5% | 1.4% |
| Free cash flow margin | - | -19.9% | -9.8% | - | - | -0.1% | - | - | -9.3% | - |
| FCF / Net income | - | -11.40 | -6.53 | - | - | -0.27 | - | - | 6.03 | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | - | - | - | - | - | - | - | - | - | - |
| Effective tax rate | 32.8% | 27.7% | 22.7% | 26.8% | 26.5% | 48.3% | 24.1% | 25.7% | - | 31.3% |
| Return on assets | 1.5% | 0.6% | 0.5% | 0.8% | 2.8% | 0.1% | 1.4% | 1.3% | -0.5% | 0.5% |
| Return on equity | 3.4% | 1.4% | 1.1% | 2.0% | 6.8% | 0.2% | 3.5% | 3.2% | -1.4% | 1.4% |
| Return on invested capital | 2.4% | 1.3% | 1.0% | 2.2% | 4.8% | 0.3% | 2.5% | 2.3% | -0.8% | 1.1% |
| Liquidity | ||||||||||
| Current ratio | 1.66 | 1.65 | 1.54 | 1.57 | 1.62 | 1.58 | 1.54 | 1.53 | 1.47 | 1.35 |
| Quick ratio | 1.18 | 1.15 | 1.17 | 1.21 | 1.23 | 1.20 | 1.12 | 1.07 | 0.94 | 0.79 |
| Cash ratio | 0.36 | 0.32 | 0.52 | 0.54 | 0.48 | 0.52 | 0.42 | 0.26 | 0.15 | 0.08 |
| Leverage | ||||||||||
| Debt / Equity | 0.44 | 0.46 | 0.47 | 0.48 | 0.48 | 0.50 | 0.51 | 0.52 | 0.54 | 0.55 |
| Debt / Assets | 0.19 | 0.20 | 0.19 | 0.19 | 0.20 | 0.20 | 0.20 | 0.20 | 0.20 | 0.20 |
| Debt / EBITDA | 6.12 | 10.38 | 11.83 | - | - | 16.11 | - | - | 58.62 | - |
| Interest coverage | 8.4x | 4.0x | 2.8x | 6.5x | 14.1x | 1.1x | 6.8x | 6.2x | -2.0x | 2.7x |
| Equity multiplier | 2.31 | 2.30 | 2.45 | 2.49 | 2.43 | 2.52 | 2.57 | 2.58 | 2.67 | 2.80 |
| Liabilities / Assets | 0.57 | 0.56 | 0.59 | 0.60 | 0.59 | 0.60 | 0.61 | 0.61 | 0.62 | 0.64 |
| Efficiency | ||||||||||
| Asset turnover | 0.38 | 0.35 | 0.31 | 0.34 | 0.38 | 0.34 | 0.35 | 0.39 | 0.34 | 0.36 |
| Inventory turnover | 2.03 | 1.79 | 1.98 | 2.15 | 2.31 | 2.23 | 2.02 | 2.10 | 1.71 | 1.55 |
| Days sales outstanding | 150d | 159d | 162d | 156d | 151d | 164d | 166d | 159d | 184d | 177d |
| Days inventory outstanding | 180d | 203d | 185d | 170d | 158d | 163d | 180d | 174d | 213d | 235d |
| Days payable outstanding | 146d | 171d | 171d | 172d | 152d | 149d | 161d | 145d | 135d | 155d |
| Cash conversion cycle | 184d | 191d | 175d | 154d | 157d | 178d | 186d | 187d | 261d | 256d |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 4.8% | 7.1% | -3.3% | 2.2% | 0.1% | 1.5% | -5.9% | -1.0% | 33.1% | 12.0% |
| Revenue CAGR (3y) | 1.3% | 1.7% | 9.3% | 2.5% | 5.7% | 15.9% | 8.0% | 1.4% | -3.5% | -4.7% |
| Revenue CAGR (5y) | 1.8% | 10.0% | -2.5% | -3.6% | -3.0% | -0.1% | -2.9% | -0.5% | 0.2% | 1.4% |
| Gross profit growth (YoY) | 4.4% | 12.5% | -0.1% | 5.2% | 4.2% | 22.4% | 6.1% | 13.0% | 23.9% | 16.8% |
| Operating income growth (YoY) | -41.0% | 44.9% | 141.1% | -6.4% | 119.5% | - | 113.7% | 41.9% | 60.4% | 28.9% |
| Net income growth (YoY) | -44.5% | 24.8% | 626.7% | -38.0% | 129.5% | - | 170.2% | 40.3% | 59.4% | 18.8% |
| EPS growth (YoY) | -45.3% | 22.2% | 800.0% | -38.5% | 130.4% | - | 160.0% | 35.3% | 58.3% | 25.0% |
| EPS CAGR (3y) | 19.5% | - | - | 26.0% | 36.2% | - | 135.1% | -21.2% | - | -39.9% |
| EPS CAGR (5y) | -9.2% | - | -9.7% | -19.0% | 1.2% | -41.0% | -3.5% | -10.9% | - | -14.6% |
| FCF growth (YoY) | - | -117.8% | -17700.0% | - | - | 99.4% | - | - | 16.2% | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | 8.9% | 3.3% | 7.3% | 6.5% | 9.4% | 7.4% | 8.2% | 6.7% | -3.1% | -5.5% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-02-28.
Product / service
$2.47B totalSystems And Storage$1.11B · 45.0%
Other Product Category$694.40M · 28.2%
Seating$662.50M · 26.9%
Geographic
$3.17B totalUS$2.29B · 72.4%
Foreignlocations$873.80M · 27.6%
Peer comparison
Same SIC group: Office Furniture (No Wood)
| Company | Revenue (last FY) | Net margin | ROE |
|---|---|---|---|
| HNI | $2.84B | 1.9% | 3.0% |
Comparing STEELCASE INC against the 1 most active filer in the same SIC group.