RUTH · Ruths Hospitality Group, 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 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|
| Revenue | $505.86M | $429.12M | $277.75M | $468.03M | $414.82M | $414.82M |
| Cost of Revenue | - | - | - | - | - | - |
| Gross Profit | $129.06M | $117.83M | $49.22M | $121.82M | $123.08M | $110.10M |
| R&D | - | - | - | - | - | - |
| SG&A | $37.07M | $32.53M | $33.25M | $34.64M | $37.25M | $32.70M |
| Total Operating Expenses | $458.90M | $379.41M | $306.30M | $415.56M | $400.68M | $368.14M |
| D&A | $22.10M | $20.49M | $21.96M | $21.35M | $18.54M | $14.99M |
| Operating Income | $46.96M | $49.71M | ($28.55M) | $52.46M | $51.66M | $46.68M |
| Interest Expense | $1.51M | $3.48M | $4.68M | $2.20M | $1.74M | $821.0K |
| Income Tax | $7.01M | $4.06M | ($7.91M) | $8.17M | $8.25M | $15.67M |
| Net Income | $38.62M | $42.27M | ($25.29M) | $42.21M | $41.68M | $30.14M |
| EPS - Basic | $1.16 | $1.23 | ($0.80) | $1.46 | $1.41 | $0.99 |
| EPS - Diluted | $1.15 | $1.23 | ($0.80) | $1.44 | $1.38 | $0.97 |
Balance Sheet
| Line item | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $23.00M | $92.13M | $95.40M | $5.57M | $5.06M | $4.05M |
| Accounts Receivable | $45.01M | $41.59M | $24.31M | $23.77M | $19.48M | $21.63M |
| Inventory | $9.14M | $8.55M | $6.93M | $9.62M | $9.30M | $8.69M |
| Accounts Payable | $8.74M | $11.69M | $4.10M | $13.60M | $10.27M | $10.51M |
| Current Assets | $81.81M | $146.19M | $130.29M | $42.01M | $36.36M | $37.05M |
| Total Assets | $521.81M | $535.98M | $542.67M | $496.88M | $254.61M | $242.10M |
| Current Liabilities | $138.27M | $135.41M | $108.32M | $112.88M | $95.27M | $88.53M |
| Long-term Debt | $30.00M | $70.00M | $115.00M | $64.00M | $41.00M | $50.00M |
| Total Liabilities | $389.48M | $400.77M | $435.23M | $402.73M | $164.48M | $162.59M |
| Stockholders' Equity | $132.33M | $135.21M | $107.44M | $94.14M | $90.13M | $79.50M |
| Retained Earnings | $86.28M | $65.95M | $23.68M | $53.40M | $28.02M | $2.19M |
Cash Flow
| Line item | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $67.20M | $81.39M | $20.09M | $72.91M | $78.29M | $68.69M |
| Investing Cash Flow | ($46.96M) | ($19.65M) | ($10.62M) | ($50.28M) | ($31.91M) | ($56.61M) |
| Financing Cash Flow | ($89.37M) | ($65.01M) | $80.37M | ($22.12M) | ($45.38M) | ($11.82M) |
| CapEx | $46.96M | $19.65M | $10.62M | $31.67M | $31.91M | $21.25M |
| Free Cash Flow | $20.24M | $61.74M | $9.46M | $41.24M | $46.39M | $47.44M |
Ratios
| Metric | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 25.5% | 27.5% | 17.7% | 26.0% | 29.7% | 26.5% |
| Operating margin | 9.3% | 11.6% | -10.3% | 11.2% | 12.5% | 11.3% |
| EBITDA margin | 13.7% | 16.4% | -2.4% | 15.8% | 16.9% | 14.9% |
| Net margin | 7.6% | 9.9% | -9.1% | 9.0% | 10.0% | 7.3% |
| Free cash flow margin | 4.0% | 14.4% | 3.4% | 8.8% | 11.2% | 11.4% |
| FCF / Net income | 0.52 | 1.46 | -0.37 | 0.98 | 1.11 | 1.57 |
| R&D / Revenue | - | - | - | - | - | - |
| SG&A / Revenue | 7.3% | 7.6% | 12.0% | 7.4% | 9.0% | 7.9% |
| Effective tax rate | 15.4% | 8.8% | - | 16.2% | 16.5% | 34.2% |
| Return on assets | 7.4% | 7.9% | -4.7% | 8.5% | 16.4% | 12.4% |
| Return on equity | 29.2% | 31.3% | -23.5% | 44.8% | 46.2% | 37.9% |
| Return on invested capital | 24.5% | 22.1% | -10.1% | 27.8% | 32.9% | 23.7% |
| Liquidity | ||||||
| Current ratio | 0.59 | 1.08 | 1.20 | 0.37 | 0.38 | 0.42 |
| Quick ratio | 0.53 | 1.02 | 1.14 | 0.29 | 0.28 | 0.32 |
| Cash ratio | 0.17 | 0.68 | 0.88 | 0.05 | 0.05 | 0.05 |
| Leverage | ||||||
| Debt / Equity | 0.23 | 0.52 | 1.07 | 0.68 | 0.45 | 0.63 |
| Debt / Assets | 0.06 | 0.13 | 0.21 | 0.13 | 0.16 | 0.21 |
| Debt / EBITDA | 0.43 | 1.00 | - | 0.87 | 0.58 | 0.81 |
| Interest coverage | 31.2x | 14.3x | -6.1x | 23.9x | 29.7x | 56.9x |
| Equity multiplier | 3.94 | 3.96 | 5.05 | 5.28 | 2.82 | 3.05 |
| Liabilities / Assets | 0.75 | 0.75 | 0.80 | 0.81 | 0.65 | 0.67 |
| Efficiency | ||||||
| Asset turnover | 0.97 | 0.80 | 0.51 | 0.94 | 1.63 | 1.71 |
| Inventory turnover | - | - | - | - | - | - |
| Days sales outstanding | 32d | 35d | 32d | 19d | 17d | 19d |
| Days inventory outstanding | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - |
| Valuation | ||||||
| P / E | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - |
| Growth | ||||||
| Revenue growth (YoY) | 17.9% | 54.5% | -40.7% | 12.8% | 0.0% | 7.5% |
| Revenue CAGR (3y) | 2.6% | 1.1% | -12.5% | 6.6% | 3.6% | 6.2% |
| Revenue CAGR (5y) | 4.0% | 2.1% | -5.7% | 6.2% | 0.4% | 0.8% |
| Gross profit growth (YoY) | 9.5% | 139.4% | -59.6% | -1.0% | 11.8% | 13.4% |
| Operating income growth (YoY) | -5.5% | - | - | 1.6% | 10.7% | -1.8% |
| Net income growth (YoY) | -8.6% | - | - | 1.3% | 38.3% | -1.1% |
| EPS growth (YoY) | -6.5% | - | - | 4.3% | 42.3% | 2.1% |
| EPS CAGR (3y) | -7.2% | -3.8% | - | 14.9% | 16.6% | 28.2% |
| EPS CAGR (5y) | 3.5% | 5.3% | - | 25.6% | 17.0% | - |
| FCF growth (YoY) | -67.2% | 552.3% | -77.1% | -11.1% | -2.2% | 57.7% |
| FCF CAGR (5y) | -15.7% | 15.5% | -22.7% | 9.7% | 7.4% | 2.5% |
| Book value growth (YoY) | -2.1% | 25.8% | 14.1% | 4.5% | 13.4% | 0.6% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2022-12-25.
Business segments
$501.70M totalCompany Owned Steakhouse Restaurants$481.13M · 95.9%
Franchise Operations$20.57M · 4.1%
Product / service
$526.43M totalRestaurant Sales$475.37M · 90.3%
Franchise$20.57M · 3.9%
Franchisor Owned Outlet$20.50M · 3.9%
Service Other$9.92M · 1.9%
Opening Closing And Development Fee Income$75.0K · 0.0%
Geographic
$505.86M totalUS$503.01M · 99.4%
Non Us$2.85M · 0.6%
Stability scores
Altman Z′
FY 2022 · bankruptcy risk
1.45
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 2022 · 9-point quality
6/9
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: Retail-Eating Places
Comparing Ruths Hospitality Group against the 5 most active filers in the same SIC group.