WLMS · Williams Industrial Services Group 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 2017 |
|---|---|---|---|---|---|---|
| Revenue | $238.12M | $304.95M | $269.05M | $245.79M | $186.98M | $186.98M |
| Cost of Revenue | $231.07M | $273.52M | $235.03M | $160.18M | $169.06M | $169.06M |
| Gross Profit | $7.05M | $31.43M | $34.02M | $30.90M | $28.74M | $17.93M |
| R&D | - | - | - | - | - | - |
| SG&A | $25.64M | $23.41M | $23.72M | $24.58M | $30.88M | $35.98M |
| Total Operating Expenses | $27.23M | $24.55M | $24.48M | $25.47M | $39.07M | $39.97M |
| D&A | $230.0K | $190.0K | $187.0K | $301.0K | $857.0K | $1.67M |
| Operating Income | ($20.19M) | $6.88M | $9.54M | $5.43M | ($10.33M) | ($22.04M) |
| Interest Expense | - | - | - | - | - | - |
| Income Tax | ($49.0K) | $793.0K | $1.39M | $333.0K | ($4.40M) | ($6.37M) |
| Net Income | ($13.68M) | $2.74M | $1.54M | $2.19M | ($25.43M) | ($56.52M) |
| EPS - Basic | ($0.53) | $0.11 | $0.06 | $0.12 | ($1.40) | ($3.20) |
| EPS - Diluted | ($0.53) | $0.10 | $0.06 | $0.12 | ($1.40) | ($3.20) |
Balance Sheet
| Line item | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $495.0K | $2.48M | $8.72M | $7.35M | $4.47M | $4.59M |
| Accounts Receivable | $31.03M | $35.20M | $27.55M | $38.22M | $22.72M | $26.06M |
| Inventory | - | - | - | - | - | - |
| Accounts Payable | $12.04M | $12.17M | $6.21M | $16.62M | $2.95M | $5.08M |
| Current Assets | $51.07M | $61.89M | $51.16M | $55.74M | $37.62M | $85.63M |
| Total Assets | $108.50M | $116.15M | $105.08M | $112.47M | $87.50M | $135.82M |
| Current Liabilities | $50.07M | $41.03M | $33.45M | $46.93M | $27.05M | $53.96M |
| Long-term Debt | $23.36M | $30.33M | $30.73M | $32.66M | $32.98M | $24.30M |
| Total Liabilities | $84.10M | $79.69M | $73.19M | $90.30M | $69.29M | $93.69M |
| Stockholders' Equity | $24.40M | $36.46M | $31.89M | $22.16M | $18.21M | $42.13M |
| Retained Earnings | ($69.61M) | ($55.93M) | ($58.67M) | ($60.21M) | ($62.40M) | ($36.96M) |
Cash Flow
| Line item | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | ($8.69M) | ($4.50M) | $11.18M | ($3.84M) | ($14.42M) | ($30.91M) |
| Investing Cash Flow | ($834.0K) | ($538.0K) | ($117.0K) | ($242.0K) | $182.0K | $65.08M |
| Financing Cash Flow | $7.65M | ($1.28M) | ($9.83M) | $6.90M | $3.03M | ($33.10M) |
| CapEx | $834.0K | $538.0K | $117.0K | $242.0K | $137.0K | $112.0K |
| Free Cash Flow | ($9.52M) | ($5.04M) | $11.06M | ($4.08M) | ($14.56M) | ($31.02M) |
Ratios
| Metric | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 3.0% | 10.3% | 12.6% | 12.6% | 15.4% | 9.6% |
| Operating margin | -8.5% | 2.3% | 3.5% | 2.2% | -5.5% | -11.8% |
| EBITDA margin | -8.4% | 2.3% | 3.6% | 2.3% | -5.1% | -10.9% |
| Net margin | -5.7% | 0.9% | 0.6% | 0.9% | -13.6% | -30.2% |
| Free cash flow margin | -4.0% | -1.7% | 4.1% | -1.7% | -7.8% | -16.6% |
| FCF / Net income | 0.70 | -1.84 | 7.19 | -1.87 | 0.57 | 0.55 |
| R&D / Revenue | - | - | - | - | - | - |
| SG&A / Revenue | 10.8% | 7.7% | 8.8% | 10.0% | 16.5% | 19.2% |
| Effective tax rate | - | 22.4% | 47.4% | 13.2% | - | - |
| Return on assets | -12.6% | 2.4% | 1.5% | 1.9% | -29.1% | -41.6% |
| Return on equity | -56.1% | 7.5% | 4.8% | 9.9% | -139.7% | -134.2% |
| Return on invested capital | -33.4% | 8.0% | 8.0% | 8.6% | -15.9% | -26.2% |
| Liquidity | ||||||
| Current ratio | 1.02 | 1.51 | 1.53 | 1.19 | 1.39 | 1.59 |
| Quick ratio | 1.02 | 1.51 | 1.53 | 1.19 | 1.39 | 1.59 |
| Cash ratio | 0.01 | 0.06 | 0.26 | 0.16 | 0.17 | 0.09 |
| Leverage | ||||||
| Debt / Equity | 0.96 | 0.83 | 0.96 | 1.47 | 1.81 | 0.58 |
| Debt / Assets | 0.22 | 0.26 | 0.29 | 0.29 | 0.38 | 0.18 |
| Debt / EBITDA | - | 4.29 | 3.16 | 5.70 | - | - |
| Interest coverage | - | - | - | - | - | - |
| Equity multiplier | 4.45 | 3.19 | 3.29 | 5.07 | 4.80 | 3.22 |
| Liabilities / Assets | 0.78 | 0.69 | 0.70 | 0.80 | 0.79 | 0.69 |
| Efficiency | ||||||
| Asset turnover | 2.19 | 2.63 | 2.56 | 2.19 | 2.14 | 1.38 |
| Inventory turnover | - | - | - | - | - | - |
| Days sales outstanding | 48d | 42d | 37d | 57d | 44d | 51d |
| Days inventory outstanding | - | - | - | - | - | - |
| Days payable outstanding | 19d | 16d | 10d | 38d | 6d | 11d |
| Cash conversion cycle | - | - | - | - | - | - |
| Valuation | ||||||
| P / E | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - |
| Growth | ||||||
| Revenue growth (YoY) | -21.9% | 13.3% | 9.5% | 31.4% | 0.0% | -55.3% |
| Revenue CAGR (3y) | -1.1% | 17.7% | 12.9% | -16.3% | -31.8% | -29.7% |
| Revenue CAGR (5y) | 5.0% | -6.1% | -14.5% | -14.5% | -17.3% | -16.6% |
| Gross profit growth (YoY) | -77.6% | -7.6% | 10.1% | 7.5% | 60.3% | -63.4% |
| Operating income growth (YoY) | - | -27.9% | 75.7% | - | 53.1% | 34.6% |
| Net income growth (YoY) | - | 78.3% | -29.6% | - | 55.0% | -29.6% |
| EPS growth (YoY) | - | 66.7% | -50.0% | - | 56.3% | -27.5% |
| EPS CAGR (3y) | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | -28.7% | - | - |
| FCF growth (YoY) | -89.1% | - | - | 72.0% | 53.1% | -590.1% |
| FCF CAGR (5y) | - | - | 43.1% | - | - | - |
| Book value growth (YoY) | -33.1% | 14.3% | 43.9% | 21.7% | -56.8% | -51.7% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2021-12-31.
Geographic
$304.95M totalUS$268.73M · 88.1%
CA$36.22M · 11.9%
Stability scores
Altman Z′
FY 2022 · bankruptcy risk
1.20
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
3/9
Weak
- ✗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
Peer comparison
Same SIC group: Heavy Construction Other Than Bldg Const - Contractors
Comparing Williams Industrial Services Group Inc. against the 5 most active filers in the same SIC group.