SHYF · Shyft 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 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $204.60M | - | $194.07M | $192.78M | $197.89M | - | $201.32M | $225.10M | $243.44M | - |
| Cost of Revenue | $164.30M | - | $154.47M | $152.19M | $163.83M | - | $164.56M | $182.35M | $200.51M | - |
| Gross Profit | $40.30M | - | $39.61M | $40.59M | $34.06M | - | $36.77M | $42.75M | $42.92M | - |
| R&D | $3.89M | - | $4.20M | $4.51M | $3.72M | - | $5.22M | $5.89M | $6.95M | - |
| SG&A | $34.67M | - | $30.08M | $32.35M | $32.27M | - | $27.42M | $30.27M | $32.29M | - |
| Total Operating Expenses | $38.55M | - | $34.28M | $36.86M | $35.99M | - | $32.64M | $36.16M | $39.24M | - |
| D&A | $5.50M | - | $3.82M | $3.91M | $4.43M | - | $3.36M | $3.73M | $3.86M | - |
| Operating Income | $1.75M | - | $5.33M | $3.73M | ($1.93M) | - | $4.12M | $6.59M | $3.69M | - |
| Interest Expense | $2.05M | - | $2.39M | $1.48M | $2.05M | - | $1.57M | $1.48M | $154.0K | - |
| Income Tax | $654.0K | - | ($48.0K) | ($109.0K) | $783.0K | - | ($1.95M) | $556.0K | $430.0K | - |
| Net Income | ($1.44M) | - | $3.12M | $2.16M | ($4.67M) | - | $4.52M | $4.68M | $1.71M | - |
| EPS - Basic | ($0.04) | - | $0.09 | $0.06 | ($0.14) | - | $0.13 | $0.13 | $0.05 | - |
| EPS - Diluted | ($0.04) | - | $0.09 | $0.06 | ($0.14) | - | $0.13 | $0.13 | $0.05 | - |
Balance Sheet
| Line item | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $16.17M | $15.78M | $21.44M | $8.96M | $13.25M | $9.96M | $9.88M | $7.81M | $7.38M | $11.55M |
| Accounts Receivable | $102.15M | $86.68M | $99.25M | $93.70M | $78.82M | $79.57M | $91.54M | $93.44M | $120.14M | $115.74M |
| Inventory | $103.78M | $109.86M | $108.93M | $94.59M | $97.93M | $105.14M | $115.20M | $101.30M | $109.31M | $100.16M |
| Accounts Payable | $88.29M | $95.13M | $80.70M | $73.97M | $86.16M | $99.86M | $99.30M | $85.73M | $107.81M | $124.31M |
| Current Assets | $313.44M | $297.59M | $299.82M | $263.53M | $268.39M | $286.93M | $299.72M | $260.17M | $317.94M | $345.77M |
| Total Assets | $581.08M | $568.75M | $569.43M | $497.57M | $507.68M | $530.05M | $535.46M | $495.85M | $557.01M | $580.48M |
| Current Liabilities | $182.21M | $182.27M | $165.13M | $141.55M | $151.69M | $182.83M | $175.94M | $140.14M | $180.02M | $201.23M |
| Long-term Debt | - | - | - | - | - | - | - | - | - | - |
| Total Liabilities | $333.76M | $320.43M | $316.77M | $248.48M | $260.86M | $277.88M | $279.72M | $234.65M | $300.05M | $311.79M |
| Stockholders' Equity | $247.33M | $248.32M | $252.66M | $249.09M | $246.82M | $252.17M | $255.67M | $261.13M | $256.89M | $268.59M |
| Retained Earnings | $145.38M | $148.57M | $153.78M | $152.44M | $152.03M | $158.46M | $164.62M | $170.52M | $167.63M | $175.61M |
Cash Flow
| Line item | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | ($4.52M) | - | - | - | ($3.96M) | - | - | - | $5.89M | - |
| Investing Cash Flow | ($4.96M) | - | - | - | ($5.64M) | - | - | - | ($4.94M) | - |
| Financing Cash Flow | $9.87M | - | - | - | $12.89M | - | - | - | ($5.11M) | - |
| CapEx | $4.98M | - | - | - | $5.72M | - | - | - | $4.47M | - |
| Free Cash Flow | ($9.50M) | - | - | - | ($9.68M) | - | - | - | $1.42M | - |
Ratios
| Metric | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 19.7% | - | 20.4% | 21.1% | 17.2% | - | 18.3% | 19.0% | 17.6% | - |
| Operating margin | 0.9% | - | 2.7% | 1.9% | -1.0% | - | 2.0% | 2.9% | 1.5% | - |
| EBITDA margin | 3.5% | - | 4.7% | 4.0% | 1.3% | - | 3.7% | 4.6% | 3.1% | - |
| Net margin | -0.7% | - | 1.6% | 1.1% | -2.4% | - | 2.2% | 2.1% | 0.7% | - |
| Free cash flow margin | -4.6% | - | - | - | -4.9% | - | - | - | 0.6% | - |
| FCF / Net income | 6.62 | - | - | - | 2.07 | - | - | - | 0.83 | - |
| R&D / Revenue | 1.9% | - | 2.2% | 2.3% | 1.9% | - | 2.6% | 2.6% | 2.9% | - |
| SG&A / Revenue | 16.9% | - | 15.5% | 16.8% | 16.3% | - | 13.6% | 13.4% | 13.3% | - |
| Effective tax rate | - | - | -1.6% | -5.3% | - | - | -76.0% | 10.6% | 20.1% | - |
| Return on assets | -0.2% | - | 0.5% | 0.4% | -0.9% | - | 0.8% | 0.9% | 0.3% | - |
| Return on equity | -0.6% | - | 1.2% | 0.9% | -1.9% | - | 1.8% | 1.8% | 0.7% | - |
| Return on invested capital | - | - | - | - | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | 1.72 | 1.63 | 1.82 | 1.86 | 1.77 | 1.57 | 1.70 | 1.86 | 1.77 | 1.72 |
| Quick ratio | 1.15 | 1.03 | 1.16 | 1.19 | 1.12 | 0.99 | 1.05 | 1.13 | 1.16 | 1.22 |
| Cash ratio | 0.09 | 0.09 | 0.13 | 0.06 | 0.09 | 0.05 | 0.06 | 0.06 | 0.04 | 0.06 |
| Leverage | ||||||||||
| Debt / Equity | - | - | - | - | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | 0.9x | - | 2.2x | 2.5x | -0.9x | - | 2.6x | 4.5x | 23.9x | - |
| Equity multiplier | 2.35 | 2.29 | 2.25 | 2.00 | 2.06 | 2.10 | 2.09 | 1.90 | 2.17 | 2.16 |
| Liabilities / Assets | 0.57 | 0.56 | 0.56 | 0.50 | 0.51 | 0.52 | 0.52 | 0.47 | 0.54 | 0.54 |
| Efficiency | ||||||||||
| Asset turnover | 0.35 | - | 0.34 | 0.39 | 0.39 | - | 0.38 | 0.45 | 0.44 | - |
| Inventory turnover | 1.58 | - | 1.42 | 1.61 | 1.67 | - | 1.43 | 1.80 | 1.83 | - |
| Days sales outstanding | 182d | - | 187d | 177d | 145d | - | 166d | 152d | 180d | - |
| Days inventory outstanding | 231d | - | 257d | 227d | 218d | - | 256d | 203d | 199d | - |
| Days payable outstanding | 196d | - | 191d | 177d | 192d | - | 220d | 172d | 196d | - |
| Cash conversion cycle | 217d | - | 253d | 227d | 172d | - | 201d | 183d | 183d | - |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 3.4% | - | -3.6% | -14.4% | -18.7% | - | -29.6% | -3.1% | 17.7% | - |
| Revenue CAGR (3y) | -0.4% | - | -10.7% | -7.6% | 0.0% | - | -0.4% | 22.0% | 11.2% | - |
| Revenue CAGR (5y) | 2.9% | - | -7.7% | -4.9% | -3.3% | - | -2.3% | 4.1% | 7.1% | - |
| Gross profit growth (YoY) | 18.3% | - | 7.7% | -5.1% | -20.6% | - | -32.0% | 1.5% | 65.5% | - |
| Operating income growth (YoY) | - | - | 29.2% | -43.5% | - | - | -81.3% | -14.3% | - | - |
| Net income growth (YoY) | 69.2% | - | -30.9% | -53.8% | - | - | -73.9% | -11.3% | - | - |
| EPS growth (YoY) | 71.4% | - | -30.8% | -53.8% | - | - | -73.5% | -13.3% | - | - |
| EPS CAGR (3y) | - | - | -46.3% | -48.5% | - | - | -37.0% | - | -39.0% | - |
| EPS CAGR (5y) | - | - | -20.9% | -9.7% | - | - | -2.8% | 3.4% | -16.1% | - |
| FCF growth (YoY) | 1.8% | - | - | - | - | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | 0.2% | -1.5% | -1.2% | -4.6% | -3.9% | -6.1% | 2.4% | 12.1% | 12.9% | 0.7% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2024-12-31.
Business segments
$782.08M totalFleet Vehicles And Services$434.19M · 55.5%
Specialty Vehicles$347.89M · 44.5%
Product / service
$753.21M totalFleet Vehicle Sales$367.34M · 48.8%
Other Specialty Vehicles$243.12M · 32.3%
Motorhome Chassis$75.89M · 10.1%
Aftermarket Parts And Accessories Sales$66.86M · 8.9%
Geographic
$434.19M totalUS$386.67M · 89.1%
Non Us$47.52M · 10.9%
Peer comparison
Same SIC group: Construction Machinery & Equip
Comparing SHYFT GROUP against the 5 most active filers in the same SIC group.