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 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 | Q2 '21 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $352.80M | $352.36M | $345.40M | - | $346.23M | $340.47M | $332.05M | - | $287.97M | $291.49M |
| Cost of Revenue | $233.02M | $226.37M | $224.69M | - | $230.81M | $227.77M | $216.43M | - | $188.99M | $186.38M |
| Gross Profit | $119.78M | $125.99M | $120.72M | - | $115.42M | $112.70M | $115.62M | - | $98.98M | $105.11M |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $26.92M | $28.20M | $28.20M | - | $30.50M | $30.13M | $29.67M | - | $23.57M | $23.50M |
| Total Operating Expenses | $76.30M | $64.28M | $58.62M | - | $61.03M | $61.73M | $57.28M | - | $52.38M | $51.98M |
| D&A | $7.70M | $7.40M | $15.33M | - | $9.50M | $7.70M | $13.30M | - | $5.90M | $5.70M |
| Operating Income | $43.48M | $61.72M | $62.09M | - | $54.39M | $50.97M | $58.35M | - | $46.60M | $53.13M |
| Interest Expense | $10.43M | $10.28M | $10.19M | - | $10.28M | $9.74M | $9.67M | - | $9.93M | $9.95M |
| Income Tax | $10.07M | $11.41M | $13.44M | - | $9.77M | $11.26M | $13.69M | - | $9.88M | $11.73M |
| Net Income | $22.81M | $32.49M | $38.29M | - | $66.27M | $30.48M | $34.56M | - | $26.19M | $29.85M |
| EPS - Basic | $0.17 | $0.24 | $0.29 | - | $0.49 | $0.22 | $0.25 | - | $0.20 | $0.23 |
| EPS - Diluted | $0.17 | $0.24 | $0.28 | - | $0.48 | $0.22 | $0.25 | - | $0.19 | $0.21 |
Balance Sheet
| Line item | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 | Q2 '21 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $127.76M | $99.37M | $101.67M | $98.58M | $190.83M | $206.83M | $238.43M | $249.16M | $228.10M | $218.81M |
| Accounts Receivable | $188.16M | $181.73M | $189.95M | $168.78M | $199.92M | $178.77M | $193.09M | $148.18M | $156.72M | $148.73M |
| Inventory | $62.05M | $67.24M | $67.50M | $65.41M | $65.44M | $60.81M | $59.87M | $52.81M | $49.31M | $52.16M |
| Accounts Payable | $89.54M | $87.50M | $91.77M | $85.67M | $95.96M | $84.15M | $90.59M | $68.10M | $71.14M | $67.75M |
| Current Assets | $388.92M | $366.42M | $371.07M | $367.06M | $508.99M | $477.87M | $498.36M | $460.72M | $441.75M | $432.85M |
| Total Assets | $3.55B | $3.52B | $3.50B | $3.49B | $3.60B | $3.53B | $3.54B | $3.47B | $3.43B | $3.43B |
| Current Liabilities | $212.31M | $203.23M | $206.88M | $224.31M | $244.62M | $212.00M | $215.12M | $193.63M | $198.26M | $185.30M |
| Long-term Debt | - | - | - | - | - | - | - | - | - | - |
| Total Liabilities | $1.68B | $1.67B | $1.68B | $1.70B | $1.80B | $1.77B | $1.78B | $1.75B | $1.76B | $1.74B |
| Stockholders' Equity | $1.88B | $1.85B | $1.82B | $1.80B | $1.80B | $1.76B | $1.76B | $1.72B | $1.68B | $1.68B |
| Retained Earnings | $733.18M | $710.37M | $677.88M | $639.60M | $606.70M | $540.43M | $509.96M | $475.40M | $438.87M | $412.68M |
Cash Flow
| Line item | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 | Q2 '21 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | - | - | $27.93M | - | - | - | $31.53M | - | - | - |
| Investing Cash Flow | - | - | ($6.43M) | - | - | - | ($24.86M) | - | - | - |
| Financing Cash Flow | - | - | ($18.38M) | - | - | - | ($17.47M) | - | - | - |
| CapEx | - | - | $23.46M | - | - | - | $23.03M | - | - | - |
| Free Cash Flow | - | - | $4.46M | - | - | - | $8.49M | - | - | - |
Ratios
| Metric | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 | Q2 '21 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 34.0% | 35.8% | 34.9% | - | 33.3% | 33.1% | 34.8% | - | 34.4% | 36.1% |
| Operating margin | 12.3% | 17.5% | 18.0% | - | 15.7% | 15.0% | 17.6% | - | 16.2% | 18.2% |
| EBITDA margin | 14.5% | 19.6% | 22.4% | - | 18.5% | 17.2% | 21.6% | - | 18.2% | 20.2% |
| Net margin | 6.5% | 9.2% | 11.1% | - | 19.1% | 9.0% | 10.4% | - | 9.1% | 10.2% |
| Free cash flow margin | - | - | 1.3% | - | - | - | 2.6% | - | - | - |
| FCF / Net income | - | - | 0.12 | - | - | - | 0.25 | - | - | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | 7.6% | 8.0% | 8.2% | - | 8.8% | 8.8% | 8.9% | - | 8.2% | 8.1% |
| Effective tax rate | 30.6% | 26.0% | 26.0% | - | 12.8% | 27.0% | 28.4% | - | 27.4% | 28.2% |
| Return on assets | 0.6% | 0.9% | 1.1% | - | 1.8% | 0.9% | 1.0% | - | 0.8% | 0.9% |
| Return on equity | 1.2% | 1.8% | 2.1% | - | 3.7% | 1.7% | 2.0% | - | 1.6% | 1.8% |
| Return on invested capital | - | - | - | - | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | 1.83 | 1.80 | 1.79 | 1.64 | 2.08 | 2.25 | 2.32 | 2.38 | 2.23 | 2.34 |
| Quick ratio | 1.54 | 1.47 | 1.47 | 1.34 | 1.81 | 1.97 | 2.04 | 2.11 | 1.98 | 2.05 |
| Cash ratio | 0.60 | 0.49 | 0.49 | 0.44 | 0.78 | 0.98 | 1.11 | 1.29 | 1.15 | 1.18 |
| Leverage | ||||||||||
| Debt / Equity | - | - | - | - | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | 4.2x | 6.0x | 6.1x | - | 5.3x | 5.2x | 6.0x | - | 4.7x | 5.3x |
| Equity multiplier | 1.89 | 1.90 | 1.93 | 1.94 | 2.00 | 2.00 | 2.01 | 2.02 | 2.05 | 2.04 |
| Liabilities / Assets | 0.47 | 0.47 | 0.48 | 0.49 | 0.50 | 0.50 | 0.50 | 0.50 | 0.51 | 0.51 |
| Efficiency | ||||||||||
| Asset turnover | 0.10 | 0.10 | 0.10 | - | 0.10 | 0.10 | 0.09 | - | 0.08 | 0.09 |
| Inventory turnover | 3.76 | 3.37 | 3.33 | - | 3.53 | 3.75 | 3.62 | - | 3.83 | 3.57 |
| Days sales outstanding | 195d | 188d | 201d | - | 211d | 192d | 212d | - | 199d | 186d |
| Days inventory outstanding | 97d | 108d | 110d | - | 103d | 97d | 101d | - | 95d | 102d |
| Days payable outstanding | 140d | 141d | 149d | - | 152d | 135d | 153d | - | 137d | 133d |
| Cash conversion cycle | 152d | 156d | 161d | - | 163d | 154d | 160d | - | 156d | 156d |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 1.9% | 3.5% | 4.0% | - | 20.2% | 16.8% | 25.1% | - | 10.4% | 13.8% |
| Revenue CAGR (3y) | 10.6% | 11.2% | 12.4% | - | 15.1% | 12.2% | 14.2% | - | - | - |
| Revenue CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Gross profit growth (YoY) | 3.8% | 11.8% | 4.4% | - | 16.6% | 7.2% | 21.0% | - | 8.6% | 17.6% |
| Operating income growth (YoY) | -20.1% | 21.1% | 6.4% | - | 16.7% | -4.1% | 24.0% | - | 12.7% | 53.7% |
| Net income growth (YoY) | -65.6% | 6.6% | 10.8% | - | 153.0% | 2.1% | 29.3% | - | 15.9% | 84.6% |
| EPS growth (YoY) | -64.6% | 9.1% | 12.0% | - | 152.6% | 4.8% | 31.6% | - | 5.6% | 61.5% |
| EPS CAGR (3y) | -1.9% | 22.7% | 141.0% | - | 90.0% | 30.1% | 6.0% | - | 33.4% | 5.3% |
| EPS CAGR (5y) | 16.3% | 5.9% | 4.0% | - | - | - | - | - | - | - |
| FCF growth (YoY) | - | - | -47.4% | - | - | - | -62.4% | - | - | - |
| FCF CAGR (5y) | - | - | -27.1% | - | - | - | - | - | - | - |
| Book value growth (YoY) | 4.4% | 5.2% | 3.1% | 4.5% | 7.1% | 4.6% | 5.9% | 6.0% | 8.3% | 10.8% |
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%