PRFT · Perficient 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 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $222.82M | $215.30M | - | $223.24M | $231.10M | $231.41M | - | $227.61M | $222.74M | $222.11M |
| Cost of Revenue | - | - | - | $142.98M | $146.17M | $144.21M | - | $136.42M | $136.76M | $138.52M |
| Gross Profit | - | - | - | $80.26M | $84.94M | $87.20M | - | $91.20M | $85.98M | $83.59M |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $43.76M | $49.17M | - | $42.11M | $44.18M | $43.92M | - | $44.27M | $40.86M | $42.25M |
| Total Operating Expenses | - | - | - | - | - | - | - | - | - | - |
| D&A | $1.84M | $2.01M | - | $2.19M | $2.22M | $2.31M | - | $2.35M | $2.00M | $1.87M |
| Operating Income | $23.40M | $15.70M | - | $32.22M | $35.78M | $37.10M | - | $33.22M | $39.54M | $34.17M |
| Interest Expense | - | - | - | - | - | - | - | - | - | - |
| Income Tax | $6.71M | $4.96M | - | $9.39M | $8.74M | $9.72M | - | $9.57M | $10.80M | $5.91M |
| Net Income | $17.44M | $11.55M | - | $22.60M | $26.36M | $26.80M | - | $23.02M | $27.78M | $27.14M |
| EPS - Basic | $0.51 | $0.34 | - | $0.66 | $0.78 | $0.79 | - | $0.68 | $0.82 | $0.80 |
| EPS - Diluted | $0.49 | $0.33 | - | $0.63 | $0.73 | $0.75 | - | $0.64 | $0.77 | $0.75 |
Balance Sheet
| Line item | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $112.94M | $118.19M | $128.89M | $80.09M | $60.47M | $40.99M | $30.13M | $20.84M | $38.87M | $24.18M |
| Accounts Receivable | $96.10M | $97.60M | $119.90M | $107.70M | $104.30M | $105.10M | $134.52M | $111.90M | $115.55M | $102.52M |
| Inventory | - | - | - | - | - | - | - | - | - | - |
| Accounts Payable | $15.08M | $13.92M | $18.69M | $15.31M | $16.22M | $14.53M | $24.35M | $19.30M | $20.59M | $22.24M |
| Current Assets | $338.41M | $309.34M | $325.95M | $291.21M | $268.63M | $240.82M | $255.62M | $225.04M | $251.33M | $225.13M |
| Total Assets | $1.11B | $1.09B | $1.06B | $1.03B | $1.01B | $981.86M | $995.89M | $948.74M | $926.94M | $902.82M |
| Current Liabilities | $81.44M | $74.02M | $78.47M | $70.30M | $78.29M | $82.12M | $129.13M | $104.02M | $94.07M | $94.76M |
| Long-term Debt | $398.02M | $397.45M | $396.87M | $396.30M | $395.73M | $395.16M | $394.59M | $394.05M | $393.48M | $392.91M |
| Total Liabilities | $542.48M | $531.95M | $533.98M | $525.81M | $539.00M | $543.68M | $585.76M | $564.47M | $560.21M | $559.27M |
| Stockholders' Equity | $570.80M | $553.73M | $530.62M | $502.69M | $474.69M | $438.18M | $410.13M | $384.27M | $366.73M | $343.55M |
| Retained Earnings | $506.19M | $488.75M | $477.20M | $454.02M | $431.43M | $405.06M | $378.26M | $351.80M | $328.79M | $301.01M |
Cash Flow
| Line item | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | - | $31.97M | - | - | - | $41.33M | - | - | - | $11.17M |
| Investing Cash Flow | - | ($33.82M) | - | - | - | ($1.31M) | - | - | - | ($2.71M) |
| Financing Cash Flow | - | ($8.59M) | - | - | - | ($29.42M) | - | - | - | ($8.71M) |
| CapEx | - | $319.0K | - | - | - | $1.01M | - | - | - | $2.47M |
| Free Cash Flow | - | $31.65M | - | - | - | $40.32M | - | - | - | $8.70M |
Ratios
| Metric | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | - | - | - | 36.0% | 36.8% | 37.7% | - | 40.1% | 38.6% | 37.6% |
| Operating margin | 10.5% | 7.3% | - | 14.4% | 15.5% | 16.0% | - | 14.6% | 17.8% | 15.4% |
| EBITDA margin | 11.3% | 8.2% | - | 15.4% | 16.4% | 17.0% | - | 15.6% | 18.7% | 16.2% |
| Net margin | 7.8% | 5.4% | - | 10.1% | 11.4% | 11.6% | - | 10.1% | 12.5% | 12.2% |
| Free cash flow margin | - | 14.7% | - | - | - | 17.4% | - | - | - | 3.9% |
| FCF / Net income | - | 2.74 | - | - | - | 1.50 | - | - | - | 0.32 |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | 19.6% | 22.8% | - | 18.9% | 19.1% | 19.0% | - | 19.5% | 18.3% | 19.0% |
| Effective tax rate | 27.8% | 30.0% | - | 29.4% | 24.9% | 26.6% | - | 29.4% | 28.0% | 17.9% |
| Return on assets | 1.6% | 1.1% | - | 2.2% | 2.6% | 2.7% | - | 2.4% | 3.0% | 3.0% |
| Return on equity | 3.1% | 2.1% | - | 4.5% | 5.6% | 6.1% | - | 6.0% | 7.6% | 7.9% |
| Return on invested capital | 1.7% | 1.2% | - | 2.5% | 3.1% | 3.3% | - | 3.0% | 3.7% | 3.8% |
| Liquidity | ||||||||||
| Current ratio | 4.16 | 4.18 | 4.15 | 4.14 | 3.43 | 2.93 | 1.98 | 2.16 | 2.67 | 2.38 |
| Quick ratio | 4.16 | 4.18 | 4.15 | 4.14 | 3.43 | 2.93 | 1.98 | 2.16 | 2.67 | 2.38 |
| Cash ratio | 1.39 | 1.60 | 1.64 | 1.14 | 0.77 | 0.50 | 0.23 | 0.20 | 0.41 | 0.26 |
| Leverage | ||||||||||
| Debt / Equity | 0.70 | 0.72 | 0.75 | 0.79 | 0.83 | 0.90 | 0.96 | 1.03 | 1.07 | 1.14 |
| Debt / Assets | 0.36 | 0.37 | 0.37 | 0.39 | 0.39 | 0.40 | 0.40 | 0.42 | 0.42 | 0.44 |
| Debt / EBITDA | 15.77 | 22.44 | - | 11.52 | 10.41 | 10.03 | - | 11.08 | 9.47 | 10.90 |
| Interest coverage | - | - | - | - | - | - | - | - | - | - |
| Equity multiplier | 1.95 | 1.96 | 2.01 | 2.05 | 2.14 | 2.24 | 2.43 | 2.47 | 2.53 | 2.63 |
| Liabilities / Assets | 0.49 | 0.49 | 0.50 | 0.51 | 0.53 | 0.55 | 0.59 | 0.59 | 0.60 | 0.62 |
| Efficiency | ||||||||||
| Asset turnover | 0.20 | 0.20 | - | 0.22 | 0.23 | 0.24 | - | 0.24 | 0.24 | 0.25 |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | 157d | 165d | - | 176d | 165d | 166d | - | 179d | 189d | 168d |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | 39d | 41d | 37d | - | 52d | 55d | 59d |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | -3.6% | -7.0% | - | -1.9% | 3.8% | 4.2% | - | 18.0% | 21.0% | 31.2% |
| Revenue CAGR (3y) | 6.6% | 8.3% | - | 12.3% | 16.5% | 16.7% | - | 16.3% | 16.2% | 18.4% |
| Revenue CAGR (5y) | 9.4% | 10.0% | - | 12.5% | 14.6% | 13.9% | - | 13.0% | 13.7% | 14.9% |
| Gross profit growth (YoY) | - | - | - | -12.0% | -1.2% | 4.3% | - | 22.3% | 21.2% | 32.1% |
| Operating income growth (YoY) | -34.6% | -57.7% | - | -3.0% | -9.5% | 8.6% | - | 18.6% | 51.5% | 69.1% |
| Net income growth (YoY) | -33.9% | -56.9% | - | -1.8% | -5.1% | -1.2% | - | 32.3% | 67.6% | 99.6% |
| EPS growth (YoY) | -32.9% | -56.0% | - | -1.6% | -5.2% | 0.0% | - | 33.3% | 57.1% | 82.9% |
| EPS CAGR (3y) | 0.0% | -7.0% | - | 49.1% | 54.0% | 40.6% | - | 28.7% | 41.8% | 50.5% |
| EPS CAGR (5y) | 12.7% | 8.4% | - | 27.1% | 33.8% | 38.0% | - | 25.0% | 61.5% | 56.5% |
| FCF growth (YoY) | - | -21.5% | - | - | - | 363.3% | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | 26.2% | - | - | - | 17.0% |
| Book value growth (YoY) | 20.2% | 26.4% | 29.4% | 30.8% | 29.4% | 27.5% | 12.4% | -9.2% | -11.0% | -13.8% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2023-12-31.
Product / service
$1.58B totalTechnology Service$902.40M · 57.1%
Professional Services$668.70M · 42.3%
Other Services$5.70M · 0.4%
Software And Hardware$2.30M · 0.1%
Geographic
$906.50M totalUS$873.10M · 96.3%
Other Countries$33.40M · 3.7%
Peer comparison
Same SIC group: Services-Computer Programming Services
Comparing PERFICIENT INC against the 5 most active filers in the same SIC group.