VGR · Vector Group Ltd - 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 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $371.91M | $324.57M | - | $364.11M | $365.66M | $334.14M | - | $378.00M | $387.20M | $312.04M |
| Cost of Revenue | $244.59M | $217.90M | - | $245.68M | $248.98M | $232.29M | - | $267.02M | $271.24M | $212.81M |
| Gross Profit | $127.32M | $106.67M | - | $118.43M | $116.68M | $101.86M | - | $110.97M | $115.96M | $99.23M |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $29.46M | $28.69M | - | $27.51M | $26.93M | $27.29M | - | $27.04M | $25.20M | $24.03M |
| Total Operating Expenses | - | - | - | - | - | - | - | - | - | - |
| D&A | - | $1.63M | - | $1.76M | $1.73M | $1.69M | - | $1.79M | $1.79M | $1.85M |
| Operating Income | $97.79M | $77.78M | - | $90.50M | $71.64M | $74.30M | - | $83.90M | $90.71M | $75.13M |
| Interest Expense | $27.12M | $27.45M | - | $27.26M | $27.12M | $27.47M | - | $27.60M | $30.72M | $25.10M |
| Income Tax | $20.76M | $13.33M | - | $20.45M | $15.09M | $13.51M | - | $14.53M | $14.97M | $12.22M |
| Net Income | $54.18M | $34.80M | - | $52.70M | $38.09M | $34.74M | - | $38.86M | $39.15M | $32.54M |
| EPS - Basic | $0.34 | $0.22 | - | $0.33 | $0.24 | $0.22 | - | $0.25 | $0.25 | $0.21 |
| EPS - Diluted | $0.34 | $0.22 | - | $0.33 | $0.24 | $0.22 | - | $0.25 | $0.25 | $0.21 |
Balance Sheet
| Line item | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $390.76M | $332.59M | $268.60M | $436.52M | $330.32M | $281.87M | $224.58M | $384.96M | $323.88M | $238.31M |
| Accounts Receivable | $29.64M | $24.10M | $26.44M | $25.03M | $34.50M | $30.50M | $40.68M | $27.14M | $29.73M | $29.89M |
| Inventory | $105.13M | $106.57M | $91.96M | $89.26M | $98.72M | $100.67M | $92.45M | $86.10M | $93.42M | $97.99M |
| Accounts Payable | $6.15M | $12.29M | $6.75M | $6.36M | $7.19M | $5.54M | $6.35M | $5.47M | $7.59M | $7.45M |
| Current Assets | $681.19M | $605.78M | $509.60M | $694.72M | $628.06M | $530.47M | $492.37M | $625.88M | $581.64M | $507.62M |
| Total Assets | $1.09B | $1.02B | $934.10M | $1.10B | $1.03B | $955.94M | $908.59M | $1.05B | $994.60M | $912.57M |
| Current Liabilities | $279.80M | $229.00M | $144.92M | $338.32M | $295.26M | $229.25M | $175.62M | $344.33M | $284.75M | $215.95M |
| Long-term Debt | - | - | - | - | - | - | - | $1.39B | $1.40B | $1.40B |
| Total Liabilities | $1.81B | $1.76B | $1.68B | $1.87B | $1.83B | $1.76B | $1.72B | $1.87B | $1.83B | $1.75B |
| Stockholders' Equity | ($713.35M) | ($739.06M) | ($741.81M) | ($773.36M) | ($797.13M) | ($805.77M) | ($807.88M) | ($823.31M) | ($830.91M) | ($840.65M) |
| Retained Earnings | ($730.79M) | ($753.03M) | ($755.88M) | ($782.13M) | ($803.07M) | ($809.40M) | ($812.38M) | ($827.45M) | ($834.30M) | ($852.86M) |
Cash Flow
| Line item | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | - | $110.33M | - | - | - | $120.78M | - | - | - | $74.80M |
| Investing Cash Flow | - | ($11.64M) | - | - | - | $380.0K | - | - | - | $2.71M |
| Financing Cash Flow | - | ($35.33M) | - | - | - | ($63.60M) | - | - | - | ($32.61M) |
| CapEx | - | $1.56M | - | - | - | $5.98M | - | - | - | $1.22M |
| Free Cash Flow | - | $108.76M | - | - | - | $114.80M | - | - | - | $73.57M |
Ratios
| Metric | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 34.2% | 32.9% | - | 32.5% | 31.9% | 30.5% | - | 29.4% | 29.9% | 31.8% |
| Operating margin | 26.3% | 24.0% | - | 24.9% | 19.6% | 22.2% | - | 22.2% | 23.4% | 24.1% |
| EBITDA margin | - | 24.5% | - | 25.3% | 20.1% | 22.7% | - | 22.7% | 23.9% | 24.7% |
| Net margin | 14.6% | 10.7% | - | 14.5% | 10.4% | 10.4% | - | 10.3% | 10.1% | 10.4% |
| Free cash flow margin | - | 33.5% | - | - | - | 34.4% | - | - | - | 23.6% |
| FCF / Net income | - | 3.13 | - | - | - | 3.30 | - | - | - | 2.26 |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | 7.9% | 8.8% | - | 7.6% | 7.4% | 8.2% | - | 7.2% | 6.5% | 7.7% |
| Effective tax rate | 27.7% | 27.7% | - | 28.0% | 28.4% | 28.0% | - | 27.2% | 27.7% | 27.3% |
| Return on assets | 5.0% | 3.4% | - | 4.8% | 3.7% | 3.6% | - | 3.7% | 3.9% | 3.6% |
| Return on equity | -7.6% | -4.7% | - | -6.8% | -4.8% | -4.3% | - | -4.7% | -4.7% | -3.9% |
| Return on invested capital | - | - | - | - | - | - | - | 10.8% | 11.5% | 9.8% |
| Liquidity | ||||||||||
| Current ratio | 2.43 | 2.65 | 3.52 | 2.05 | 2.13 | 2.31 | 2.80 | 1.82 | 2.04 | 2.35 |
| Quick ratio | 2.06 | 2.18 | 2.88 | 1.79 | 1.79 | 1.87 | 2.28 | 1.57 | 1.71 | 1.90 |
| Cash ratio | 1.40 | 1.45 | 1.85 | 1.29 | 1.12 | 1.23 | 1.28 | 1.12 | 1.14 | 1.10 |
| Leverage | ||||||||||
| Debt / Equity | - | - | - | - | - | - | - | -1.69 | -1.69 | -1.66 |
| Debt / Assets | - | - | - | - | - | - | - | 1.32 | 1.41 | 1.53 |
| Debt / EBITDA | - | - | - | - | - | - | - | 16.21 | 15.14 | 18.18 |
| Interest coverage | 3.6x | 2.8x | - | 3.3x | 2.6x | 2.7x | - | 3.0x | 3.0x | 3.0x |
| Equity multiplier | -1.53 | -1.38 | -1.26 | -1.42 | -1.30 | -1.19 | -1.12 | -1.27 | -1.20 | -1.09 |
| Liabilities / Assets | 1.65 | 1.73 | 1.79 | 1.70 | 1.77 | 1.84 | 1.89 | 1.78 | 1.84 | 1.92 |
| Efficiency | ||||||||||
| Asset turnover | 0.34 | 0.32 | - | 0.33 | 0.35 | 0.35 | - | 0.36 | 0.39 | 0.34 |
| Inventory turnover | 2.33 | 2.04 | - | 2.75 | 2.52 | 2.31 | - | 3.10 | 2.90 | 2.17 |
| Days sales outstanding | 29d | 27d | - | 25d | 34d | 33d | - | 26d | 28d | 35d |
| Days inventory outstanding | 157d | 179d | - | 133d | 145d | 158d | - | 118d | 126d | 168d |
| Days payable outstanding | 9d | 21d | - | 9d | 11d | 9d | - | 7d | 10d | 13d |
| Cash conversion cycle | 177d | 185d | - | 148d | 169d | 183d | - | 136d | 144d | 190d |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 1.7% | -2.9% | - | -3.7% | -5.6% | 7.1% | - | -42.1% | -46.9% | -42.6% |
| Revenue CAGR (3y) | -20.1% | -15.8% | - | -12.7% | -6.4% | -9.7% | - | - | - | - |
| Revenue CAGR (5y) | - | - | - | - | - | -4.9% | - | -4.8% | -3.9% | -5.6% |
| Gross profit growth (YoY) | 9.1% | 4.7% | - | 6.7% | 0.6% | 2.7% | - | -46.0% | -49.4% | -44.9% |
| Operating income growth (YoY) | 36.5% | 4.7% | - | 7.9% | -21.0% | -1.1% | - | -22.0% | -33.8% | -16.7% |
| Net income growth (YoY) | 42.2% | 0.2% | - | 35.6% | -2.7% | 6.8% | - | -20.5% | -58.0% | 1.8% |
| EPS growth (YoY) | 41.7% | 0.0% | - | 32.0% | -4.0% | 4.8% | - | -21.9% | -59.0% | 5.0% |
| EPS CAGR (3y) | -17.7% | 3.2% | - | 9.7% | 14.5% | - | - | 2.8% | -2.5% | 37.9% |
| EPS CAGR (5y) | 4.7% | 22.4% | - | 36.4% | 14.9% | 40.6% | - | 14.0% | 4.6% | - |
| FCF growth (YoY) | - | -5.3% | - | - | - | 56.0% | - | - | - | -3.7% |
| FCF CAGR (5y) | - | 46.9% | - | - | - | 25.6% | - | - | - | 25.8% |
| Book value growth (YoY) | 10.5% | 8.3% | 8.2% | 6.1% | 4.1% | 4.1% | 4.0% | -43.2% | -40.3% | -28.1% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2023-12-31.
Business segments
$1.42B totalTobacco Segment$1.42B · 100.0%
Peer comparison
Same SIC group: Cigarettes
Comparing VECTOR GROUP LTD against the 5 most active filers in the same SIC group.