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.
Income Statement
| Line item | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | $520.42M | $533.16M | $476.35M | - | $492.25M | $500.93M | $445.37M | - | $425.67M |
| Cost of Revenue | - | $295.58M | $303.20M | $274.16M | - | $283.29M | $289.40M | $261.29M | - | $273.66M |
| Gross Profit | - | $224.85M | $229.96M | $202.19M | - | $208.97M | $211.53M | $184.08M | - | $152.02M |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | - | $137.31M | $139.70M | $135.29M | - | $124.93M | $136.36M | $114.95M | - | $93.63M |
| Total Operating Expenses | - | $467.33M | $467.20M | $430.68M | - | $462.21M | $452.80M | $402.00M | - | $380.65M |
| D&A | - | $15.00M | $14.43M | $14.41M | - | $14.69M | $13.80M | $12.94M | - | $12.70M |
| Operating Income | - | $53.10M | $65.95M | $45.67M | - | $30.05M | $48.12M | $43.37M | - | $45.02M |
| Interest Expense | - | - | - | $1.39M | - | $4.12M | $5.83M | $5.99M | - | $5.11M |
| Income Tax | - | $16.22M | ($58.99M) | $10.86M | - | ($981.0K) | ($15.33M) | $14.60M | - | $9.21M |
| Net Income | - | $36.42M | $116.34M | $34.23M | - | $25.57M | $59.15M | $24.85M | - | $36.32M |
| EPS - Basic | - | - | - | - | - | - | - | - | - | - |
| EPS - Diluted | - | - | - | - | - | - | - | - | - | - |
Balance Sheet
| Line item | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $404.44M | $388.12M | $428.79M | $446.67M | $577.93M | $562.15M | $353.16M | $305.05M | $234.45M | $361.52M |
| Accounts Receivable | - | - | - | - | - | - | - | - | - | - |
| Inventory | $195.62M | $210.71M | $205.41M | $204.82M | $202.29M | $214.85M | $224.10M | $220.91M | $214.08M | $210.85M |
| Accounts Payable | $131.77M | $154.64M | $151.67M | $142.89M | $131.92M | $131.89M | $135.93M | $120.08M | $109.57M | $132.83M |
| Current Assets | $2.44B | $2.32B | $2.29B | $2.31B | $2.63B | $2.50B | $2.30B | $2.08B | $1.81B | $1.71B |
| Total Assets | $3.58B | $3.63B | $3.67B | $3.64B | $3.99B | $3.95B | $3.77B | $3.55B | $3.24B | $3.07B |
| Current Liabilities | $1.82B | $1.82B | $1.82B | $1.86B | $2.07B | $2.09B | $1.98B | $1.87B | $1.65B | $1.45B |
| Long-term Debt | $119.59M | $120.10M | $78.62M | $92.74M | $191.30M | $186.92M | $184.79M | $182.21M | $179.57M | $177.14M |
| Total Liabilities | $2.41B | $2.55B | $2.56B | $2.64B | $2.99B | $3.02B | $2.85B | $2.73B | $2.43B | $2.32B |
| Stockholders' Equity | - | - | - | - | - | - | - | - | - | - |
| Retained Earnings | - | - | - | - | - | - | - | - | - | - |
Cash Flow
| Line item | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | - | - | - | $197.46M | - | - | - | ($48.25M) | - | - |
| Investing Cash Flow | - | - | - | $39.15M | - | - | - | ($153.96M) | - | - |
| Financing Cash Flow | - | - | - | ($367.31M) | - | - | - | $272.72M | - | - |
| CapEx | - | - | - | $10.07M | - | - | - | $10.71M | - | - |
| Free Cash Flow | - | - | - | $187.39M | - | - | - | ($58.96M) | - | - |
Ratios
| Metric | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | - | 43.2% | 43.1% | 42.4% | - | 42.5% | 42.2% | 41.3% | - | 35.7% |
| Operating margin | - | 10.2% | 12.4% | 9.6% | - | 6.1% | 9.6% | 9.7% | - | 10.6% |
| EBITDA margin | - | 13.1% | 15.1% | 12.6% | - | 9.1% | 12.4% | 12.6% | - | 13.6% |
| Net margin | - | 7.0% | 21.8% | 7.2% | - | 5.2% | 11.8% | 5.6% | - | 8.5% |
| Free cash flow margin | - | - | - | 39.3% | - | - | - | -13.2% | - | - |
| FCF / Net income | - | - | - | 5.47 | - | - | - | -2.37 | - | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | - | 26.4% | 26.2% | 28.4% | - | 25.4% | 27.2% | 25.8% | - | 22.0% |
| Effective tax rate | - | 30.8% | -102.9% | 24.1% | - | -4.0% | -35.0% | 37.0% | - | 20.2% |
| Return on assets | - | 1.0% | 3.2% | 0.9% | - | 0.6% | 1.6% | 0.7% | - | 1.2% |
| Return on equity | - | - | - | - | - | - | - | - | - | - |
| Return on invested capital | - | - | - | - | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | 1.34 | 1.27 | 1.26 | 1.24 | 1.27 | 1.20 | 1.17 | 1.11 | 1.09 | 1.18 |
| Quick ratio | 1.24 | 1.16 | 1.15 | 1.13 | 1.17 | 1.09 | 1.05 | 1.00 | 0.96 | 1.04 |
| Cash ratio | 0.22 | 0.21 | 0.24 | 0.24 | 0.28 | 0.27 | 0.18 | 0.16 | 0.14 | 0.25 |
| Leverage | ||||||||||
| Debt / Equity | - | - | - | - | - | - | - | - | - | - |
| Debt / Assets | 0.03 | 0.03 | 0.02 | 0.03 | 0.05 | 0.05 | 0.05 | 0.05 | 0.06 | 0.06 |
| Debt / EBITDA | - | 1.76 | 0.98 | 1.54 | - | 4.18 | 2.98 | 3.24 | - | 3.07 |
| Interest coverage | - | - | - | 32.8x | - | 7.3x | 8.2x | 7.2x | - | 8.8x |
| Equity multiplier | - | - | - | - | - | - | - | - | - | - |
| Liabilities / Assets | 0.67 | 0.70 | 0.70 | 0.73 | 0.75 | 0.76 | 0.76 | 0.77 | 0.75 | 0.76 |
| Efficiency | ||||||||||
| Asset turnover | - | 0.14 | 0.15 | 0.13 | - | 0.12 | 0.13 | 0.13 | - | 0.14 |
| Inventory turnover | - | 1.40 | 1.48 | 1.34 | - | 1.32 | 1.29 | 1.18 | - | 1.30 |
| Days sales outstanding | - | - | - | - | - | - | - | - | - | - |
| Days inventory outstanding | - | 260d | 247d | 273d | - | 277d | 283d | 309d | - | 281d |
| Days payable outstanding | - | 191d | 183d | 190d | - | 170d | 171d | 168d | - | 177d |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | - | 5.7% | 6.4% | 7.0% | - | 15.6% | 13.5% | 9.8% | - | 8.6% |
| Revenue CAGR (3y) | - | 9.9% | 11.3% | 14.8% | - | 14.3% | 19.2% | 8.6% | - | 2.4% |
| Revenue CAGR (5y) | - | 5.6% | 5.2% | 4.2% | - | 4.0% | 2.9% | 4.0% | - | 3.7% |
| Gross profit growth (YoY) | - | 7.6% | 8.7% | 9.8% | - | 37.5% | 38.6% | 33.8% | - | 9.1% |
| Operating income growth (YoY) | - | 76.7% | 37.1% | 5.3% | - | -33.3% | -62.8% | 158.3% | - | 44.3% |
| Net income growth (YoY) | - | 42.4% | 96.7% | 37.8% | - | -29.6% | -35.8% | 444.3% | - | 62.9% |
| EPS growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | - | - | - | - | - | - | - | -180.0% | - | - |
| FCF CAGR (5y) | - | - | - | 44.9% | - | - | - | - | - | - |
| Book value growth (YoY) | - | - | - | - | - | - | - | - | - | - |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2024-12-31.
Business segments
$2.03B totalDiversified 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 totalDiversified 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%
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.