PGTI · Pgt Innovations, 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 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - |
| Cost of Revenue | $913.60M | $921.28M | $757.97M | $561.30M | $484.59M | $352.10M |
| Gross Profit | $590.64M | $570.67M | $403.50M | $321.32M | $260.37M | $243.47M |
| R&D | - | - | - | - | - | $1.90M |
| SG&A | $404.19M | $402.89M | $303.04M | $224.39M | $176.31M | $150.91M |
| Total Operating Expenses | - | - | - | - | - | - |
| D&A | $35.99M | $34.05M | $30.49M | $24.01M | $18.88M | $14.22M |
| Operating Income | $179.23M | $160.36M | $100.46M | $84.71M | $84.06M | $95.11M |
| Interest Expense | $31.30M | $28.92M | $30.05M | $27.75M | $26.47M | $26.60M |
| Income Tax | $38.01M | $32.67M | $9.76M | $11.88M | $12.44M | $11.27M |
| Net Income | $109.04M | $96.88M | $32.88M | $45.11M | $43.69M | $53.93M |
| EPS - Basic | $1.84 | $1.65 | $0.45 | $0.77 | $0.75 | $1.03 |
| EPS - Diluted | $1.83 | $1.64 | $0.45 | $0.76 | $0.74 | $1.00 |
Balance Sheet
| Line item | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $32.71M | $66.55M | $96.15M | $100.32M | $97.24M | $52.65M |
| Accounts Receivable | $117.62M | $160.11M | $141.22M | $92.84M | $68.09M | $80.72M |
| Inventory | $111.78M | $112.67M | $91.44M | $60.32M | $43.85M | $44.67M |
| Accounts Payable | $40.63M | $43.73M | $40.02M | $23.47M | $13.44M | $15.29M |
| Current Assets | $328.29M | $415.54M | $421.76M | $301.67M | $233.61M | $195.56M |
| Total Assets | $1.58B | $1.64B | $1.46B | $1.06B | $922.73M | $862.15M |
| Current Liabilities | $134.19M | $185.35M | $135.86M | $90.48M | $56.10M | $68.72M |
| Long-term Debt | $612.10M | $642.13M | $625.65M | $412.10M | $368.97M | $366.61M |
| Total Liabilities | $918.01M | $977.51M | $894.65M | $577.39M | $491.19M | $476.61M |
| Stockholders' Equity | $659.87M | $628.01M | $529.10M | $485.13M | $431.55M | $385.54M |
| Retained Earnings | $311.10M | $204.89M | $106.40M | $79.90M | $34.79M | ($8.90M) |
Cash Flow
| Line item | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $196.89M | $196.37M | $63.68M | $75.50M | $81.22M | $46.37M |
| Investing Cash Flow | ($69.09M) | ($233.92M) | ($253.91M) | ($114.40M) | ($31.20M) | ($118.99M) |
| Financing Cash Flow | ($161.64M) | $7.95M | $186.06M | $41.98M | ($5.43M) | $50.34M |
| CapEx | $69.51M | $45.38M | $33.42M | $24.80M | $31.27M | $29.77M |
| Free Cash Flow | $127.38M | $151.00M | $30.25M | $50.70M | $49.95M | $16.60M |
Ratios
| Metric | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | - | - | - | - | - | - |
| Operating margin | - | - | - | - | - | - |
| EBITDA margin | - | - | - | - | - | - |
| Net margin | - | - | - | - | - | - |
| Free cash flow margin | - | - | - | - | - | - |
| FCF / Net income | 1.17 | 1.56 | 0.92 | 1.12 | 1.14 | 0.31 |
| R&D / Revenue | - | - | - | - | - | - |
| SG&A / Revenue | - | - | - | - | - | - |
| Effective tax rate | 25.8% | 25.2% | 22.9% | 20.9% | 22.2% | 17.3% |
| Return on assets | 6.9% | 5.9% | 2.3% | 4.2% | 4.7% | 6.3% |
| Return on equity | 16.5% | 15.4% | 6.2% | 9.3% | 10.1% | 14.0% |
| Return on invested capital | 10.4% | 9.4% | 6.7% | 7.5% | 8.2% | 10.5% |
| Liquidity | ||||||
| Current ratio | 2.45 | 2.24 | 3.10 | 3.33 | 4.16 | 2.85 |
| Quick ratio | 1.61 | 1.63 | 2.43 | 2.67 | 3.38 | 2.20 |
| Cash ratio | 0.24 | 0.36 | 0.71 | 1.11 | 1.73 | 0.77 |
| Leverage | ||||||
| Debt / Equity | 0.93 | 1.02 | 1.18 | 0.85 | 0.85 | 0.95 |
| Debt / Assets | 0.39 | 0.39 | 0.43 | 0.39 | 0.40 | 0.43 |
| Debt / EBITDA | 2.84 | 3.30 | 4.78 | 3.79 | 3.58 | 3.35 |
| Interest coverage | 5.7x | 5.5x | 3.3x | 3.1x | 3.2x | 3.6x |
| Equity multiplier | 2.39 | 2.61 | 2.76 | 2.19 | 2.14 | 2.24 |
| Liabilities / Assets | 0.58 | 0.60 | 0.61 | 0.54 | 0.53 | 0.55 |
| Efficiency | ||||||
| Asset turnover | - | - | - | - | - | - |
| Inventory turnover | 8.17 | 8.18 | 8.29 | 9.31 | 11.05 | 7.88 |
| Days sales outstanding | - | - | - | - | - | - |
| Days inventory outstanding | 45d | 45d | 44d | 39d | 33d | 46d |
| Days payable outstanding | 16d | 17d | 19d | 15d | 10d | 16d |
| Cash conversion cycle | - | - | - | - | - | - |
| Valuation | ||||||
| P / E | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - |
| Growth | ||||||
| Revenue growth (YoY) | - | - | - | - | - | - |
| Revenue CAGR (3y) | - | - | - | - | - | - |
| Revenue CAGR (5y) | - | - | - | - | - | - |
| Gross profit growth (YoY) | 3.5% | 41.4% | 25.6% | 23.4% | 6.9% | 53.1% |
| Operating income growth (YoY) | 11.8% | 59.6% | 18.6% | 0.8% | -11.6% | 58.0% |
| Net income growth (YoY) | 12.5% | 194.7% | -27.1% | 3.3% | -19.0% | 35.4% |
| EPS growth (YoY) | 11.6% | 264.4% | -40.8% | 2.7% | -26.0% | 29.9% |
| EPS CAGR (3y) | 34.0% | 30.4% | -23.4% | -0.4% | 16.3% | 28.6% |
| EPS CAGR (5y) | 12.8% | 16.3% | -0.9% | 10.1% | 17.5% | 14.4% |
| FCF growth (YoY) | -15.6% | 399.1% | -40.3% | 1.5% | 201.0% | -46.8% |
| FCF CAGR (5y) | 50.3% | 37.1% | 1.1% | 27.5% | 76.1% | -1.8% |
| Book value growth (YoY) | 5.1% | 18.7% | 9.1% | 12.4% | 11.9% | 119.9% |
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: Metal Doors, Sash, Frames, Moldings & Trim
Comparing PGT Innovations against the 3 most active filers in the same SIC group.