ctg · Computer Task 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 | $325.08M | $392.29M | $366.09M | $394.17M | $324.89M | - |
| Cost of Revenue | - | - | - | - | - | - |
| Gross Profit | $80.08M | $86.45M | $76.96M | $75.03M | $68.49M | $56.08M |
| R&D | - | - | - | - | - | - |
| SG&A | $69.00M | $73.71M | $67.83M | $68.12M | $66.41M | $52.14M |
| Total Operating Expenses | $35.79M | $36.73M | - | - | - | - |
| D&A | $3.00M | $3.17M | $3.31M | $3.27M | $2.54M | $1.58M |
| Operating Income | $11.08M | $12.74M | $9.13M | $6.91M | $2.08M | $3.94M |
| Interest Expense | - | - | $200.0K | $400.0K | $200.0K | $100.0K |
| Income Tax | $2.94M | ($1.99M) | $3.02M | $2.16M | $5.09M | $3.25M |
| Net Income | $6.61M | $13.73M | $7.64M | $4.13M | ($2.82M) | $806.0K |
| EPS - Basic | $0.46 | $0.99 | $0.56 | $0.31 | ($0.20) | $0.05 |
| EPS - Diluted | $0.44 | $0.92 | $0.53 | $0.29 | ($0.20) | $0.05 |
Balance Sheet
| Line item | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $25.14M | $35.58M | $32.87M | $10.78M | $12.43M | $11.17M |
| Accounts Receivable | $70.98M | $84.25M | $76.89M | $88.77M | $81.31M | $68.92M |
| Inventory | - | - | - | - | - | - |
| Accounts Payable | $14.25M | $21.15M | $18.78M | $18.61M | $12.39M | $9.43M |
| Current Assets | $99.89M | $122.77M | $113.14M | $101.85M | $96.02M | $83.53M |
| Total Assets | $181.62M | $188.33M | $176.25M | $158.71M | $124.12M | $127.64M |
| Current Liabilities | $51.93M | $64.98M | $61.15M | $56.85M | $44.16M | $32.74M |
| Long-term Debt | - | - | - | - | - | - |
| Total Liabilities | $75.64M | $93.90M | $96.75M | $92.47M | $59.89M | $49.01M |
| Stockholders' Equity | $105.98M | $94.44M | $79.51M | $66.24M | $64.23M | $78.62M |
| Retained Earnings | $114.65M | $108.04M | $94.31M | $86.67M | $82.55M | $85.03M |
Cash Flow
| Line item | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $11.88M | $7.41M | $30.74M | $8.53M | ($303.0K) | $9.23M |
| Investing Cash Flow | ($20.27M) | ($2.47M) | ($4.98M) | ($11.52M) | ($12.64M) | ($3.19M) |
| Financing Cash Flow | ($1.02M) | ($1.07M) | ($5.68M) | $1.79M | $14.61M | ($5.49M) |
| CapEx | $1.00M | $1.94M | $1.78M | $1.77M | $2.01M | $1.56M |
| Free Cash Flow | $10.88M | $5.47M | $28.96M | $6.76M | ($2.31M) | $7.67M |
Ratios
| Metric | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 24.6% | 22.0% | 21.0% | 19.0% | 21.1% | - |
| Operating margin | 3.4% | 3.2% | 2.5% | 1.8% | 0.6% | - |
| EBITDA margin | 4.3% | 4.1% | 3.4% | 2.6% | 1.4% | - |
| Net margin | 2.0% | 3.5% | 2.1% | 1.0% | -0.9% | - |
| Free cash flow margin | 3.3% | 1.4% | 7.9% | 1.7% | -0.7% | - |
| FCF / Net income | 1.65 | 0.40 | 3.79 | 1.64 | 0.82 | 9.52 |
| R&D / Revenue | - | - | - | - | - | - |
| SG&A / Revenue | 21.2% | 18.8% | 18.5% | 17.3% | 20.4% | - |
| Effective tax rate | 30.8% | -17.0% | 28.3% | 34.4% | 224.2% | 80.1% |
| Return on assets | 3.6% | 7.3% | 4.3% | 2.6% | -2.3% | 0.6% |
| Return on equity | 6.2% | 14.5% | 9.6% | 6.2% | -4.4% | 1.0% |
| Return on invested capital | - | - | - | - | - | - |
| Liquidity | ||||||
| Current ratio | 1.92 | 1.89 | 1.85 | 1.79 | 2.17 | 2.55 |
| Quick ratio | 1.92 | 1.89 | 1.85 | 1.79 | 2.17 | 2.55 |
| Cash ratio | 0.48 | 0.55 | 0.54 | 0.19 | 0.28 | 0.34 |
| Leverage | ||||||
| Debt / Equity | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - |
| Interest coverage | - | - | 45.6x | 17.3x | 10.4x | 39.4x |
| Equity multiplier | 1.71 | 1.99 | 2.22 | 2.40 | 1.93 | 1.62 |
| Liabilities / Assets | 0.42 | 0.50 | 0.55 | 0.58 | 0.48 | 0.38 |
| Efficiency | ||||||
| Asset turnover | 1.79 | 2.08 | 2.08 | 2.48 | 2.62 | - |
| Inventory turnover | - | - | - | - | - | - |
| Days sales outstanding | 80d | 78d | 77d | 82d | 91d | - |
| Days inventory outstanding | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - |
| Valuation | ||||||
| P / E | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - |
| Growth | ||||||
| Revenue growth (YoY) | -17.1% | 7.2% | -7.1% | 21.3% | - | - |
| Revenue CAGR (3y) | -6.2% | 6.5% | - | - | -6.2% | - |
| Revenue CAGR (5y) | - | - | -1.4% | -1.2% | - | - |
| Gross profit growth (YoY) | -7.4% | 12.3% | 2.6% | 9.6% | 22.1% | -5.2% |
| Operating income growth (YoY) | -13.1% | 39.6% | 32.1% | 232.3% | -47.3% | - |
| Net income growth (YoY) | -51.9% | 79.7% | 85.2% | - | - | - |
| EPS growth (YoY) | -52.2% | 73.6% | 82.8% | - | - | - |
| EPS CAGR (3y) | 14.9% | - | 119.7% | - | - | -57.3% |
| EPS CAGR (5y) | 54.5% | - | 5.3% | -14.6% | - | -44.6% |
| FCF growth (YoY) | 98.9% | -81.1% | 328.6% | - | - | 1867.4% |
| FCF CAGR (5y) | 7.2% | 69.6% | - | 5.0% | - | -16.8% |
| Book value growth (YoY) | 12.2% | 18.8% | 20.0% | 3.1% | -18.3% | -0.2% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2021-12-31.
Business segments
$392.29M totalEurope ITSolutions And Services Segment$169.34M · 43.2%
Non Strategic Technology Services$121.44M · 31.0%
North America ITSolutions And Services Segment$101.51M · 25.9%
Geographic
$961.22M totalNorth America$218.34M · 22.7%
US$215.64M · 22.4%
Foreign Countries$176.65M · 18.4%
Europe$173.94M · 18.1%
LU$72.70M · 7.6%
BE$68.11M · 7.1%
Other Countries$35.84M · 3.7%
Stability scores
Altman Z′
FY 2022 · bankruptcy risk
3.29
Safe
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
5/9
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
Peer comparison
Same SIC group: Services-Computer Programming Services
Comparing COMPUTER TASK GROUP INC against the 5 most active filers in the same SIC group.