TWNK · Hostess Brands, 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 2016 |
|---|---|---|---|---|---|---|
| Revenue | $1.36B | $1.14B | $1.02B | $907.67M | $776.19M | - |
| Cost of Revenue | $892.53M | $732.05M | $660.97M | $607.84M | $449.29M | - |
| Gross Profit | $465.68M | $409.98M | $355.64M | $299.83M | $326.90M | - |
| R&D | - | - | - | - | - | - |
| SG&A | $119.45M | $99.17M | $92.86M | $69.42M | $52.94M | - |
| Total Operating Expenses | $245.40M | $209.25M | $220.33M | $163.74M | $92.91M | - |
| D&A | $60.09M | $51.68M | $54.94M | $43.33M | $38.17M | - |
| Operating Income | $220.28M | $200.74M | $135.31M | $136.10M | $233.99M | - |
| Interest Expense | $40.95M | $39.76M | $42.83M | $39.87M | $39.17M | - |
| Income Tax | $47.09M | $40.51M | $20.41M | $16.89M | ($67.20M) | - |
| Net Income | $164.19M | $119.30M | $64.73M | $63.12M | $223.90M | - |
| EPS - Basic | $1.20 | $0.91 | $0.52 | $0.57 | $0.63 | - |
| EPS - Diluted | $1.19 | $0.86 | $0.51 | $0.55 | $2.13 | - |
Balance Sheet
| Line item | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2016 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $98.58M | $249.16M | $173.03M | $285.09M | $673.78M | - |
| Accounts Receivable | $168.78M | $148.18M | $125.55M | $104.89M | $105.68M | $68.50M |
| Inventory | $65.41M | $52.81M | $49.35M | $47.61M | $38.58M | - |
| Accounts Payable | $85.67M | $68.10M | $61.43M | $68.57M | $65.29M | - |
| Current Assets | $367.06M | $460.72M | $369.55M | $453.16M | $299.44M | - |
| Total Assets | $3.49B | $3.47B | $3.37B | $3.10B | $3.01B | - |
| Current Liabilities | $224.31M | $193.63M | $189.53M | $159.93M | $141.10M | - |
| Long-term Debt | - | - | - | - | - | - |
| Total Liabilities | $1.70B | $1.75B | $1.74B | $1.52B | $1.46B | - |
| Stockholders' Equity | $1.80B | $1.72B | $1.62B | $1.49B | $1.20B | - |
| Retained Earnings | $639.60M | $475.40M | $399.21M | $334.48M | $271.37M | - |
Cash Flow
| Line item | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2016 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $248.80M | $203.03M | $159.24M | $143.97M | $163.69M | - |
| Investing Cash Flow | ($147.92M) | ($65.42M) | ($374.26M) | $22.86M | ($35.21M) | - |
| Financing Cash Flow | ($249.82M) | ($61.26M) | $103.22M | ($28.13M) | ($19.63M) | - |
| CapEx | $119.37M | $60.80M | $51.98M | $34.88M | $32.91M | - |
| Free Cash Flow | $129.43M | $142.23M | $107.26M | $109.10M | $130.77M | - |
Ratios
| Metric | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2016 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 34.3% | 35.9% | 35.0% | 33.0% | 42.1% | - |
| Operating margin | 16.2% | 17.6% | 13.3% | 15.0% | 30.1% | - |
| EBITDA margin | 20.6% | 22.1% | 18.7% | 19.8% | 35.1% | - |
| Net margin | 12.1% | 10.4% | 6.4% | 7.0% | 28.8% | - |
| Free cash flow margin | 9.5% | 12.5% | 10.6% | 12.0% | 16.8% | - |
| FCF / Net income | 0.79 | 1.19 | 1.66 | 1.73 | 0.58 | - |
| R&D / Revenue | - | - | - | - | - | - |
| SG&A / Revenue | 8.8% | 8.7% | 9.1% | 7.6% | 6.8% | - |
| Effective tax rate | 22.3% | 25.4% | 24.0% | 21.1% | -42.9% | - |
| Return on assets | 4.7% | 3.4% | 1.9% | 2.0% | 7.4% | - |
| Return on equity | 9.1% | 6.9% | 4.0% | 4.2% | 18.7% | - |
| Return on invested capital | - | - | - | - | - | - |
| Liquidity | ||||||
| Current ratio | 1.64 | 2.38 | 1.95 | 2.83 | 2.12 | - |
| Quick ratio | 1.34 | 2.11 | 1.69 | 2.54 | 1.85 | - |
| Cash ratio | 0.44 | 1.29 | 0.91 | 1.78 | 4.78 | - |
| Leverage | ||||||
| Debt / Equity | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - |
| Interest coverage | 5.4x | 5.0x | 3.2x | 3.4x | 6.0x | - |
| Equity multiplier | 1.94 | 2.02 | 2.08 | 2.08 | 2.51 | - |
| Liabilities / Assets | 0.49 | 0.50 | 0.52 | 0.49 | 0.49 | - |
| Efficiency | ||||||
| Asset turnover | 0.39 | 0.33 | 0.30 | 0.29 | 0.26 | - |
| Inventory turnover | 13.65 | 13.86 | 13.39 | 12.77 | 11.65 | - |
| Days sales outstanding | 45d | 47d | 45d | 42d | 50d | - |
| Days inventory outstanding | 27d | 26d | 27d | 29d | 31d | - |
| Days payable outstanding | 35d | 34d | 34d | 41d | 53d | - |
| Cash conversion cycle | 37d | 40d | 38d | 30d | 28d | - |
| Valuation | ||||||
| P / E | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - |
| Growth | ||||||
| Revenue growth (YoY) | 18.9% | 12.3% | 12.0% | 16.9% | - | - |
| Revenue CAGR (3y) | 14.4% | 13.7% | - | - | - | - |
| Revenue CAGR (5y) | - | - | - | - | - | - |
| Gross profit growth (YoY) | 13.6% | 15.3% | 18.6% | -8.3% | - | - |
| Operating income growth (YoY) | 9.7% | 48.4% | -0.6% | -41.8% | - | - |
| Net income growth (YoY) | 37.6% | 84.3% | 2.6% | -71.8% | - | - |
| EPS growth (YoY) | 38.4% | 68.6% | -7.3% | -74.2% | - | - |
| EPS CAGR (3y) | 29.3% | -26.1% | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - |
| FCF growth (YoY) | -9.0% | 32.6% | -1.7% | -16.6% | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - |
| Book value growth (YoY) | 4.5% | 6.0% | 9.1% | 23.8% | - | - |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2021-12-31.
Business segments
$2.28B totalSnacking$1.14B · 50.0%
Sweet Baked Goods$1.03B · 44.9%
Cookies$116.50M · 5.1%
Geographic
$1.04B totalUS$1.03B · 98.3%
CA$17.70M · 1.7%
Stability scores
Altman Z′
FY 2022 · bankruptcy risk
1.21
Distress
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