STCN · Steel Connect, 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 | Q3 '24 | Q2 '24 | Q1 '24 | Q3 '23 | Q2 '23 | Q1 '23 | Q3 '22 | Q2 '22 | Q1 '22 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $50.49M | $43.85M | $43.05M | $41.34M | $46.14M | $50.78M | $51.36M | $51.55M | $120.64M | $125.41M |
| Cost of Revenue | $33.25M | $30.84M | $31.70M | $29.87M | $33.22M | $37.72M | $37.09M | $42.30M | $107.04M | $110.13M |
| Gross Profit | $17.24M | $13.02M | $11.35M | $11.47M | $12.92M | $13.06M | $14.27M | $9.24M | $13.60M | $15.28M |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $9.84M | $9.14M | $8.73M | $8.79M | $12.62M | $10.46M | $10.39M | $9.21M | $23.91M | $22.00M |
| Total Operating Expenses | $10.73M | $10.04M | $9.63M | $9.67M | $12.62M | $10.46M | $10.39M | $9.21M | $27.81M | $26.19M |
| D&A | $606.0K | - | - | $435.0K | - | - | $459.0K | - | - | $8.61M |
| Operating Income | $6.50M | $2.98M | $1.72M | $1.80M | $305.0K | $2.60M | $3.88M | $31.0K | ($14.21M) | ($10.91M) |
| Interest Expense | $111.0K | $243.0K | $249.0K | $247.0K | $914.0K | $848.0K | $826.0K | $848.0K | $7.98M | $7.79M |
| Income Tax | $817.0K | ($67.80M) | $194.0K | $671.0K | $851.0K | ($346.0K) | $1.13M | $11.03M | $723.0K | $315.0K |
| Net Income | $2.37M | $71.66M | $5.35M | $4.44M | $3.03M | ($526.0K) | $4.96M | $30.20M | ($22.98M) | ($19.49M) |
| EPS - Basic | $0.07 | $2.73 | $0.18 | $0.15 | $0.50 | ($0.02) | $0.07 | - | ($0.39) | ($0.33) |
| EPS - Diluted | $0.07 | $2.51 | $0.18 | $0.15 | $0.04 | ($0.02) | $0.06 | - | ($0.39) | ($0.33) |
Balance Sheet
| Line item | Q1 '25 | Q3 '24 | Q2 '24 | Q1 '24 | Q3 '23 | Q2 '23 | Q1 '23 | Q3 '22 | Q2 '22 | Q1 '22 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $233.93M | $248.61M | $276.42M | $276.70M | $121.37M | $62.43M | $59.95M | $53.14M | $64.65M | $81.33M |
| Accounts Receivable | $34.54M | $33.44M | $29.18M | $27.97M | $28.62M | $37.18M | $35.68M | $40.08M | $68.97M | $74.84M |
| Inventory | $8.67M | $6.73M | $7.74M | $6.76M | $8.57M | $8.92M | $8.99M | $8.15M | $19.43M | $18.17M |
| Accounts Payable | $29.03M | $25.22M | $25.46M | $24.89M | $26.51M | $32.80M | $31.63M | $30.55M | $57.33M | $51.92M |
| Current Assets | $283.40M | $295.83M | $321.37M | $317.78M | $319.27M | $118.10M | $113.17M | $109.83M | $178.58M | $199.36M |
| Total Assets | $476.76M | $485.63M | $412.71M | $410.60M | $411.18M | $156.11M | $137.93M | $137.75M | $622.68M | $653.15M |
| Current Liabilities | $66.38M | $75.06M | $75.62M | $77.90M | $67.75M | $85.46M | $83.00M | $83.80M | $567.31M | $216.07M |
| Long-term Debt | $0 | $12.90M | $12.90M | $12.33M | $12.46M | $12.05M | $11.49M | $10.97M | $10.14M | $366.51M |
| Total Liabilities | $82.45M | $93.71M | $97.62M | $101.19M | $104.82M | $125.69M | $111.28M | $111.78M | $624.24M | $631.40M |
| Stockholders' Equity | $156.57M | $154.18M | $77.36M | $71.67M | $68.62M | $63.65M | ($8.52M) | ($9.21M) | ($36.74M) | ($13.43M) |
| Retained Earnings | $95.28M | $93.46M | $16.32M | $11.51M | $7.61M | ($7.49B) | ($7.49B) | ($7.49B) | ($7.52B) | ($7.50B) |
Cash Flow
| Line item | Q1 '25 | Q3 '24 | Q2 '24 | Q1 '24 | Q3 '23 | Q2 '23 | Q1 '23 | Q3 '22 | Q2 '22 | Q1 '22 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $11.99M | - | - | $6.58M | - | - | $8.25M | - | - | ($10.43M) |
| Investing Cash Flow | ($13.38M) | - | - | $150.08M | - | - | ($532.0K) | - | - | ($4.68M) |
| Financing Cash Flow | ($13.48M) | - | - | ($536.0K) | - | - | ($556.0K) | - | - | ($2.06M) |
| CapEx | $581.0K | - | - | $552.0K | - | - | $548.0K | - | - | $4.74M |
| Free Cash Flow | $11.41M | - | - | $6.03M | - | - | $7.70M | - | - | ($15.17M) |
Ratios
| Metric | Q1 '25 | Q3 '24 | Q2 '24 | Q1 '24 | Q3 '23 | Q2 '23 | Q1 '23 | Q3 '22 | Q2 '22 | Q1 '22 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 34.1% | 29.7% | 26.4% | 27.8% | 28.0% | 25.7% | 27.8% | 17.9% | 11.3% | 12.2% |
| Operating margin | 12.9% | 6.8% | 4.0% | 4.4% | 0.7% | 5.1% | 7.6% | 0.1% | -11.8% | -8.7% |
| EBITDA margin | 14.1% | - | - | 5.4% | - | - | 8.4% | - | - | -1.8% |
| Net margin | 4.7% | 163.4% | 12.4% | 10.7% | 6.6% | -1.0% | 9.7% | 58.6% | -19.0% | -15.5% |
| Free cash flow margin | 22.6% | - | - | 14.6% | - | - | 15.0% | - | - | -12.1% |
| FCF / Net income | 4.82 | - | - | 1.36 | - | - | 1.55 | - | - | 0.78 |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | 19.5% | 20.9% | 20.3% | 21.3% | 27.3% | 20.6% | 20.2% | 17.9% | 19.8% | 17.5% |
| Effective tax rate | 25.7% | -1756.5% | 3.5% | 13.1% | 21.9% | - | 18.5% | 26.8% | - | - |
| Return on assets | 0.5% | 14.8% | 1.3% | 1.1% | 0.7% | -0.3% | 3.6% | 21.9% | -3.7% | -3.0% |
| Return on equity | 1.5% | 46.5% | 6.9% | 6.2% | 4.4% | -0.8% | -58.2% | -328.0% | 62.5% | 145.1% |
| Return on invested capital | 3.1% | 1.8% | 1.8% | 1.9% | 0.3% | 2.7% | 106.6% | 1.3% | - | -2.4% |
| Liquidity | ||||||||||
| Current ratio | 4.27 | 3.94 | 4.25 | 4.08 | 4.71 | 1.38 | 1.36 | 1.31 | 0.31 | 0.92 |
| Quick ratio | 4.14 | 3.85 | 4.15 | 3.99 | 4.59 | 1.28 | 1.26 | 1.21 | 0.28 | 0.84 |
| Cash ratio | 3.52 | 3.31 | 3.66 | 3.55 | 1.79 | 0.73 | 0.72 | 0.63 | 0.11 | 0.38 |
| Leverage | ||||||||||
| Debt / Equity | 0.00 | 0.08 | 0.17 | 0.17 | 0.18 | 0.19 | -1.35 | -1.19 | -0.28 | -27.29 |
| Debt / Assets | 0.00 | 0.03 | 0.03 | 0.03 | 0.03 | 0.08 | 0.08 | 0.08 | 0.02 | 0.56 |
| Debt / EBITDA | 0.00 | - | - | 5.50 | - | - | 2.65 | - | - | - |
| Interest coverage | 58.6x | 12.3x | 6.9x | 7.3x | 0.3x | 3.1x | 4.7x | 0.0x | -1.8x | -1.4x |
| Equity multiplier | 3.04 | 3.15 | 5.34 | 5.73 | 5.99 | 2.45 | -16.18 | -14.96 | -16.95 | -48.63 |
| Liabilities / Assets | 0.17 | 0.19 | 0.24 | 0.25 | 0.25 | 0.81 | 0.81 | 0.81 | 1.00 | 0.97 |
| Efficiency | ||||||||||
| Asset turnover | 0.11 | 0.09 | 0.10 | 0.10 | 0.11 | 0.33 | 0.37 | 0.37 | 0.19 | 0.19 |
| Inventory turnover | 3.84 | 4.58 | 4.09 | 4.42 | 3.88 | 4.23 | 4.13 | 5.19 | 5.51 | 6.06 |
| Days sales outstanding | 250d | 278d | 247d | 247d | 226d | 267d | 254d | 284d | 209d | 218d |
| Days inventory outstanding | 95d | 80d | 89d | 83d | 94d | 86d | 88d | 70d | 66d | 60d |
| Days payable outstanding | 319d | 298d | 293d | 304d | 291d | 317d | 311d | 264d | 195d | 172d |
| Cash conversion cycle | 26d | 60d | 43d | 25d | 29d | 36d | 31d | 91d | 79d | 106d |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 22.1% | -5.0% | -15.2% | -19.5% | -10.5% | -57.9% | -59.0% | -66.0% | -22.7% | -26.2% |
| Revenue CAGR (3y) | -26.2% | -33.9% | -34.9% | -37.6% | -36.2% | -38.2% | -38.9% | -35.7% | -16.4% | - |
| Revenue CAGR (5y) | -25.8% | -25.7% | -26.9% | - | -21.2% | -19.6% | -24.9% | -12.0% | 0.5% | 0.7% |
| Gross profit growth (YoY) | 50.2% | 0.7% | -13.1% | -19.6% | 39.8% | -4.0% | -6.6% | -71.3% | -62.1% | -62.2% |
| Operating income growth (YoY) | 260.2% | 877.0% | -33.8% | -53.5% | 883.9% | - | - | - | - | - |
| Net income growth (YoY) | -46.7% | 2265.8% | - | -10.5% | -90.0% | 97.7% | - | - | -946.3% | -449.0% |
| EPS growth (YoY) | -53.3% | 6175.0% | - | 150.0% | - | 94.9% | - | - | -875.0% | -371.4% |
| EPS CAGR (3y) | - | - | - | - | - | - | 0.0% | - | - | - |
| EPS CAGR (5y) | 3.1% | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | 89.2% | - | - | -21.7% | - | - | - | - | - | - |
| FCF CAGR (5y) | -9.1% | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | 118.5% | 124.7% | 21.5% | - | - | - | 36.5% | - | - | - |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2024-07-31.
Business segments
$174.11M totalSupply Chain$174.11M · 100.0%
Product / service
$348.22M totalService$174.11M · 50.0%
Supply Chain Management Services$172.63M · 49.6%
Product And Service Other$1.48M · 0.4%
Geographic
$174.11M totalCN$61.34M · 35.2%
US$40.86M · 23.5%
NL$21.72M · 12.5%
All Other Segments$18.73M · 10.8%
SG$17.14M · 9.8%
CZK$14.32M · 8.2%
Peer comparison
Same SIC group: Services-Business Services, NEC
Comparing Steel Connect against the 5 most active filers in the same SIC group.