SPLP · Steel Partners Holdings L.P. - 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.

Annual Quarterly

Income Statement

Line item	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Revenue	$2.03B	$1.91B	$1.70B	$1.52B	$1.31B	$1.56B
Cost of Revenue	$1.15B	$1.10B	$1.10B	$1.00B	$859.86M	$1.05B
Gross Profit	$875.49M	$802.44M	$598.50M	$520.80M	$450.77M	$509.53M
R&D	-	-	-	-	-	-
SG&A	$547.13M	$504.96M	$383.38M	$304.01M	$290.78M	$356.80M
Total Operating Expenses	$1.80B	$1.74B	$1.42B	$1.32B	$1.19B	$1.53B
D&A	$59.31M	$56.56M	$53.76M	$60.52M	$65.33M	$72.27M
Operating Income	$223.58M	$161.21M	$275.50M	$200.87M	$125.40M	$27.76M
Interest Expense	-	$18.40M	$20.65M	$22.25M	$29.51M	$41.41M
Income Tax	($53.26M)	($1.67M)	$73.94M	$84.09M	$38.14M	$15.87M
Net Income	$261.56M	$150.83M	$205.97M	$131.41M	$72.67M	$3.95M
EPS - Basic	-	-	-	-	-	-
EPS - Diluted	-	-	-	-	-	-

Balance Sheet

Line item	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Cash & Equivalents	$404.44M	$577.93M	$234.45M	$325.36M	$135.79M	$148.35M
Accounts Receivable	-	-	-	-	-	-
Inventory	$195.62M	$202.29M	$214.08M	$184.27M	$137.09M	$167.83M
Accounts Payable	$131.77M	$131.92M	$109.57M	$123.28M	$100.76M	$99.84M
Current Assets	$2.44B	$2.63B	$1.81B	$1.28B	$803.30M	$1.09B
Total Assets	$3.58B	$3.99B	$3.24B	$2.68B	$3.93B	$2.33B
Current Liabilities	$1.82B	$2.07B	$1.65B	$715.01M	$517.00M	$935.82M
Long-term Debt	$119.59M	$191.30M	$179.57M	$269.85M	$323.39M	$391.14M
Total Liabilities	$2.41B	$2.99B	$2.43B	$2.01B	$3.40B	$1.86B
Stockholders' Equity	-	-	-	-	-	-
Retained Earnings	-	-	-	-	-	-

Cash Flow

Line item	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Operating Cash Flow	$363.28M	$21.22M	($210.23M)	$77.77M	$324.09M	$111.74M
Investing Cash Flow	$111.16M	($142.20M)	($176.56M)	$1.52B	($1.90B)	($274.96M)
Financing Cash Flow	($646.31M)	$464.56M	$297.17M	($1.40B)	$1.57B	($36.15M)
CapEx	$64.96M	$51.45M	$47.54M	$52.33M	$23.23M	$43.02M
Free Cash Flow	$298.32M	($30.23M)	($257.77M)	$25.45M	$300.86M	$68.72M

Ratios

Metric	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Profitability
Gross margin	43.2%	42.1%	35.3%	34.2%	34.4%	32.6%
Operating margin	11.0%	8.5%	16.2%	13.2%	9.6%	1.8%
EBITDA margin	14.0%	11.4%	19.4%	17.1%	14.6%	6.4%
Net margin	12.9%	7.9%	12.1%	8.6%	5.5%	0.3%
Free cash flow margin	14.7%	-1.6%	-15.2%	1.7%	23.0%	4.4%
FCF / Net income	1.14	-0.20	-1.25	0.19	4.14	17.40
R&D / Revenue	-	-	-	-	-	-
SG&A / Revenue	27.0%	26.5%	22.6%	19.9%	22.2%	22.8%
Effective tax rate	-25.6%	-1.1%	26.4%	39.0%	34.4%	80.1%
Return on assets	7.3%	3.8%	6.4%	4.9%	1.8%	0.2%
Return on equity	-	-	-	-	-	-
Return on invested capital	-	-	-	-	-	-
Liquidity
Current ratio	1.34	1.27	1.09	1.80	1.55	1.16
Quick ratio	1.24	1.17	0.96	1.54	1.29	0.99
Cash ratio	0.22	0.28	0.14	0.46	0.26	0.16
Leverage
Debt / Equity	-	-	-	-	-	-
Debt / Assets	0.03	0.05	0.06	0.10	0.08	0.17
Debt / EBITDA	0.42	0.88	0.55	1.03	1.70	3.91
Interest coverage	-	8.8x	13.3x	9.0x	4.2x	0.7x
Equity multiplier	-	-	-	-	-	-
Liabilities / Assets	0.67	0.75	0.75	0.75	0.86	0.80
Efficiency
Asset turnover	0.57	0.48	0.52	0.57	0.33	0.67
Inventory turnover	5.89	5.45	5.12	5.45	6.27	6.27
Days sales outstanding	-	-	-	-	-	-
Days inventory outstanding	62d	67d	71d	67d	58d	58d
Days payable outstanding	42d	44d	36d	45d	43d	35d
Cash conversion cycle	-	-	-	-	-	-
Valuation
P / E	-	-	-	-	-	-
P / B	-	-	-	-	-	-
P / S	-	-	-	-	-	-
EV / EBITDA	-	-	-	-	-	-
Growth
Revenue growth (YoY)	6.4%	12.4%	11.2%	16.3%	-16.1%	-1.4%
Revenue CAGR (3y)	10.0%	13.3%	2.8%	-1.3%	-1.5%	10.3%
Revenue CAGR (5y)	5.4%	3.8%	4.3%	5.6%	5.6%	13.0%
Gross profit growth (YoY)	9.1%	34.1%	14.9%	15.5%	-11.5%	7.4%
Operating income growth (YoY)	38.7%	-41.5%	37.2%	60.2%	351.7%	-
Net income growth (YoY)	73.4%	-26.8%	56.7%	80.8%	1739.9%	-
EPS growth (YoY)	-	-	-	-	-	-
EPS CAGR (3y)	-	-	-	-	-	-
EPS CAGR (5y)	-	-	-	-	-	-
FCF growth (YoY)	-	88.3%	-	-91.5%	337.8%	1112.8%
FCF CAGR (5y)	34.1%	-	-	-30.8%	-	6.9%
Book value growth (YoY)	-	-	-	-	-	-

Sales by segment

From XBRL dimensional facts in the 10-K period ending 2024-12-31.

Business segments

$2.03B total

Diversified Industrial$1.24B · 61.3%

Financial Services$454.23M · 22.4%

Supply Chain$185.63M · 9.2%

Energy$145.02M · 7.2%

Product / service

$2.08B total

Diversified Industrial$1.24B · 59.6%

Financial Service$454.23M · 21.8%

Supply Chain$185.63M · 8.9%

Energy Service$145.02M · 7.0%

Management Fee$56.80M · 2.7%

Stability scores

Piotroski F-score

FY 2024 · 9-point quality

8/9

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: Miscellaneous Primary Metal Products

Company	Revenue (last FY)	Net margin	ROE
BOOM	$609.84M	-2.2%	-5.6%

Comparing STEEL PARTNERS HOLDINGS L.P. against the 1 most active filer in the same SIC group.