WIRE · Encore Wire Corp - 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 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $632.66M | - | $636.99M | $636.46M | $660.49M | - | $762.36M | $838.24M | $723.07M | - |
| Cost of Revenue | $496.67M | - | $488.75M | $470.31M | $455.41M | - | $462.92M | $517.46M | $479.32M | - |
| Gross Profit | $135.99M | - | $148.24M | $166.15M | $205.09M | - | $299.45M | $320.77M | $243.75M | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $61.09M | - | $50.28M | $38.67M | $58.70M | - | $55.29M | $50.41M | $36.21M | - |
| Total Operating Expenses | - | - | - | - | - | - | - | - | - | - |
| D&A | $8.53M | - | $8.10M | $8.10M | $7.69M | - | $6.50M | $5.70M | $6.21M | - |
| Operating Income | $74.90M | - | $97.96M | $127.48M | $146.38M | - | $244.16M | $270.37M | $207.53M | - |
| Interest Expense | - | - | - | - | - | - | - | - | - | - |
| Income Tax | $18.95M | - | $24.51M | $30.80M | $36.07M | - | $55.47M | $60.48M | $46.12M | - |
| Net Income | $63.28M | - | $82.05M | $104.74M | $119.48M | - | $191.77M | $210.54M | $161.53M | - |
| EPS - Basic | $4.02 | - | $4.93 | $6.13 | $6.60 | - | $10.11 | $10.84 | $8.08 | - |
| EPS - Diluted | $3.92 | - | $4.82 | $6.01 | $6.50 | - | $9.97 | $10.71 | $7.96 | - |
Balance Sheet
| Line item | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $614.09M | $560.63M | $581.75M | $667.79M | $697.42M | $730.56M | $573.58M | $469.54M | $466.09M | $438.99M |
| Accounts Receivable | $471.25M | $475.29M | $495.18M | $463.32M | $479.83M | $498.76M | $561.67M | $606.13M | $549.40M | $491.13M |
| Inventory | $173.67M | $163.68M | $158.99M | $163.22M | $173.88M | $153.19M | $136.19M | $121.42M | $116.33M | $100.82M |
| Accounts Payable | $84.36M | $80.55M | $80.91M | $90.72M | $41.59M | $62.78M | $68.58M | $70.71M | $73.19M | $75.35M |
| Current Assets | $1.26B | $1.21B | $1.26B | $1.33B | $1.35B | $1.40B | $1.29B | $1.21B | $1.14B | $1.04B |
| Total Assets | $2.04B | $1.97B | $1.98B | $2.01B | $2.00B | $2.02B | $1.88B | $1.77B | $1.66B | $1.53B |
| Current Liabilities | $168.41M | $160.14M | $161.42M | $161.45M | $129.17M | $144.16M | $151.62M | $145.18M | $183.11M | $154.10M |
| Long-term Debt | - | $0 | - | - | - | $0 | - | - | - | $0 |
| Total Liabilities | $220.34M | - | $217.30M | $215.89M | $182.70M | - | - | - | - | - |
| Stockholders' Equity | $1.81B | $1.75B | $1.76B | $1.80B | $1.81B | $1.82B | $1.68B | $1.58B | $1.44B | $1.34B |
| Retained Earnings | $2.57B | $2.51B | $2.44B | $2.36B | $2.26B | $2.14B | $1.98B | $1.79B | $1.58B | $1.42B |
Cash Flow
| Line item | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $86.13M | - | - | - | $126.94M | - | - | - | $117.71M | - |
| Investing Cash Flow | ($34.09M) | - | - | - | ($31.77M) | - | - | - | ($31.97M) | - |
| Financing Cash Flow | $1.41M | - | - | - | ($128.30M) | - | - | - | ($58.63M) | - |
| CapEx | $34.24M | - | - | - | $31.77M | - | - | - | $31.97M | - |
| Free Cash Flow | $51.89M | - | - | - | $95.17M | - | - | - | $85.73M | - |
Ratios
| Metric | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 21.5% | - | 23.3% | 26.1% | 31.1% | - | 39.3% | 38.3% | 33.7% | - |
| Operating margin | 11.8% | - | 15.4% | 20.0% | 22.2% | - | 32.0% | 32.3% | 28.7% | - |
| EBITDA margin | 13.2% | - | 16.7% | 21.3% | 23.3% | - | 32.9% | 32.9% | 29.6% | - |
| Net margin | 10.0% | - | 12.9% | 16.5% | 18.1% | - | 25.2% | 25.1% | 22.3% | - |
| Free cash flow margin | 8.2% | - | - | - | 14.4% | - | - | - | 11.9% | - |
| FCF / Net income | 0.82 | - | - | - | 0.80 | - | - | - | 0.53 | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | 9.7% | - | 7.9% | 6.1% | 8.9% | - | 7.3% | 6.0% | 5.0% | - |
| Effective tax rate | 23.0% | - | 23.0% | 22.7% | 23.2% | - | 22.4% | 22.3% | 22.2% | - |
| Return on assets | 3.1% | - | 4.1% | 5.2% | 6.0% | - | 10.2% | 11.9% | 9.7% | - |
| Return on equity | 3.5% | - | 4.7% | 5.8% | 6.6% | - | 11.4% | 13.3% | 11.2% | - |
| Return on invested capital | - | - | - | - | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | 7.49 | 7.56 | 7.83 | 8.23 | 10.48 | 9.72 | 8.54 | 8.31 | 6.20 | 6.72 |
| Quick ratio | 6.46 | 6.54 | 6.85 | 7.22 | 9.13 | 8.66 | 7.64 | 7.48 | 5.56 | 6.06 |
| Cash ratio | 3.65 | 3.50 | 3.60 | 4.14 | 5.40 | 5.07 | 3.78 | 3.23 | 2.55 | 2.85 |
| Leverage | ||||||||||
| Debt / Equity | - | 0.00 | - | - | - | 0.00 | - | - | - | 0.00 |
| Debt / Assets | - | 0.00 | - | - | - | 0.00 | - | - | - | 0.00 |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | - | - | - | - | - | - | - | - | - | - |
| Equity multiplier | 1.13 | 1.13 | 1.12 | 1.12 | 1.10 | 1.11 | 1.12 | 1.12 | 1.15 | 1.14 |
| Liabilities / Assets | 0.11 | - | 0.11 | 0.11 | 0.09 | - | - | - | - | - |
| Efficiency | ||||||||||
| Asset turnover | 0.31 | - | 0.32 | 0.32 | 0.33 | - | 0.40 | 0.47 | 0.44 | - |
| Inventory turnover | 2.86 | - | 3.07 | 2.88 | 2.62 | - | 3.40 | 4.26 | 4.12 | - |
| Days sales outstanding | 272d | - | 284d | 266d | 265d | - | 269d | 264d | 277d | - |
| Days inventory outstanding | 128d | - | 119d | 127d | 139d | - | 107d | 86d | 89d | - |
| Days payable outstanding | 62d | - | 60d | 70d | 33d | - | 54d | 50d | 56d | - |
| Cash conversion cycle | 338d | - | 342d | 322d | 371d | - | 322d | 300d | 310d | - |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | -4.2% | - | -16.4% | -24.1% | -8.7% | - | 6.4% | 12.6% | 62.8% | - |
| Revenue CAGR (3y) | 12.5% | - | 23.3% | 35.9% | 29.7% | - | 33.4% | 35.5% | 32.0% | - |
| Revenue CAGR (5y) | 15.0% | - | 13.3% | 16.9% | - | - | - | - | - | - |
| Gross profit growth (YoY) | -33.7% | - | -50.5% | -48.2% | -15.9% | - | 10.6% | 15.7% | 188.4% | - |
| Operating income growth (YoY) | -48.8% | - | -59.9% | -52.9% | -29.5% | - | 7.6% | 14.5% | 289.0% | - |
| Net income growth (YoY) | -47.0% | - | -57.2% | -50.3% | -26.0% | - | 9.2% | 15.0% | 292.2% | - |
| EPS growth (YoY) | -39.7% | - | -51.7% | -43.9% | -18.3% | - | 17.2% | 21.4% | 300.0% | - |
| EPS CAGR (3y) | 25.4% | - | 67.8% | 115.6% | 94.0% | - | 133.8% | 132.7% | 131.7% | - |
| EPS CAGR (5y) | 43.7% | - | 33.7% | 47.5% | 64.5% | - | 71.6% | 83.1% | 65.0% | - |
| FCF growth (YoY) | -45.5% | - | - | - | 11.0% | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | -0.1% | -3.9% | 4.6% | 13.4% | 25.6% | 35.8% | 39.6% | 48.9% | 64.2% | 59.8% |
Peer comparison
Same SIC group: Rolling Drawing & Extruding of Nonferrous Metals
Comparing ENCORE WIRE CORP against the 5 most active filers in the same SIC group.