FARO Technologies (FARO) Financials

$42.11 +0.11 (+0.26%)

Closing price 04:00 PM Eastern

Extended Trading

$42.11 0.00 (0.00%)

As of 04:20 PM Eastern

Annual Income Statements for FARO Technologies

This table shows FARO Technologies' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022
Period end date	12/31/2024	12/31/2023	12/31/2022
Net Income / (Loss) Attributable to Common Shareholders	-9.07	-57	-27
Consolidated Net Income / (Loss)	-9.07	-57	-27
Net Income / (Loss) Continuing Operations	-9.07	-57	-27
Total Pre-Tax Income	-0.93	-54	-22
Total Operating Income	3.33	-50	-25
Total Gross Profit	187	165	176
Total Revenue	342	359	346
Operating Revenue	342	359	346
Total Cost of Revenue	155	194	170
Operating Cost of Revenue	155	194	170
Total Operating Expenses	184	215	201
Selling, General & Admin Expense	141	157	147
Research & Development Expense	40	42	49
Restructuring Charge	3.18	15	4.61
Total Other Income / (Expense), net	-4.26	-4.53	3.27
Interest & Investment Income	-3.55	-3.35	0.04
Other Income / (Expense), net	-0.71	-1.18	3.24
Income Tax Expense	8.13	2.52	5.11
Basic Earnings per Share	($0.47)	($2.99)	($1.46)
Weighted Average Basic Shares Outstanding	19.15M	18.92M	18.32M
Diluted Earnings per Share	($0.47)	($2.99)	($1.46)
Weighted Average Diluted Shares Outstanding	19.15M	18.92M	18.32M
Weighted Average Basic & Diluted Shares Outstanding	18.98M	18.97M	18.78M

This table shows FARO Technologies' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Income / (Loss) Attributable to Common Shareholders	0.91	-0.99	-0.29	-0.52	-7.27	1.59	-8.76	-28	-21	-2.23	-6.26
Consolidated Net Income / (Loss)	0.91	-0.99	-0.29	-0.52	-7.27	1.59	-8.76	-28	-21	-2.23	-6.26
Net Income / (Loss) Continuing Operations	0.91	-0.99	-0.29	-0.52	-7.27	1.59	-8.76	-28	-21	-2.23	-6.26
Total Pre-Tax Income	2.46	3.23	0.97	1.03	-6.17	-0.77	-7.24	-27	-19	-1.48	-5.68
Total Operating Income	3.81	4.73	2.16	1.75	-5.31	1.36	-6.93	-25	-19	-1.65	-7.13
Total Gross Profit	47	53	46	45	43	50	42	33	40	51	43
Total Revenue	83	94	83	82	84	99	87	88	85	104	85
Operating Revenue	83	94	83	82	84	99	87	88	85	104	85
Total Cost of Revenue	36	40	37	37	41	49	45	55	45	53	42
Operating Cost of Revenue	36	40	37	37	41	49	45	55	45	53	42
Total Operating Expenses	43	48	44	43	49	49	49	59	58	53	50
Selling, General & Admin Expense	34	34	34	33	40	39	38	39	41	38	37
Research & Development Expense	9.49	11	9.77	9.83	9.02	9.24	8.19	12	13	13	13
Restructuring Charge	0.12	2.57	0.00	0.62	0.00	0.26	2.44	8.45	4.24	2.10	0.58
Total Other Income / (Expense), net	-1.36	-1.49	-1.20	-0.72	-0.86	-2.12	-0.31	-1.48	-0.62	0.17	1.45
Interest & Investment Income	-0.89	-0.94	-1.02	-0.76	-0.83	-0.82	-0.69	-1.00	-0.84	0.01	0.02
Other Income / (Expense), net	-0.47	-0.56	-0.18	0.04	-0.03	-1.30	0.38	-0.48	0.22	0.16	1.43
Income Tax Expense	1.55	4.22	1.26	1.56	1.10	-2.35	1.52	1.42	1.93	0.75	0.59
Basic Earnings per Share	$0.05	($0.04)	($0.02)	($0.03)	($0.38)	$0.08	($0.46)	($1.49)	($1.12)	($0.12)	($0.34)
Weighted Average Basic Shares Outstanding	19.05M	19.15M	19.27M	19.29M	19.05M	18.92M	18.95M	18.92M	18.82M	18.32M	18.44M
Diluted Earnings per Share	$0.05	($0.04)	($0.02)	($0.03)	($0.38)	$0.08	($0.46)	($1.49)	($1.12)	($0.12)	($0.34)
Weighted Average Diluted Shares Outstanding	19.73M	19.15M	19.27M	19.29M	19.05M	18.92M	18.95M	18.92M	18.82M	18.32M	18.44M
Weighted Average Basic & Diluted Shares Outstanding	19.23M	18.98M	18.92M	19.50M	19.21M	18.97M	18.95M	18.95M	18.90M	18.78M	18.78M

This table details how cash moves in and out of FARO Technologies' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022
Period end date	12/31/2024	12/31/2023	12/31/2022
Net Change in Cash & Equivalents	12	39	-84
Net Cash From Operating Activities	31	1.08	-25
Net Cash From Continuing Operating Activities	31	1.08	-25
Net Income / (Loss) Continuing Operations	-9.07	-57	-27
Consolidated Net Income / (Loss)	-9.07	-57	-27
Depreciation Expense	16	15	14
Amortization Expense	0.51	0.45	0.00
Non-Cash Adjustments To Reconcile Net Income	20	37	12
Changes in Operating Assets and Liabilities, net	3.75	5.03	-24
Net Cash From Investing Activities	-3.19	-33	-50
Net Cash From Continuing Investing Activities	-3.19	-33	-50
Purchase of Property, Plant & Equipment	-5.84	-6.82	-6.37
Acquisitions	-7.36	-7.18	-44
Purchase of Investments	-10.00	-19	0.00
Sale and/or Maturity of Investments	20	0.00	0.00
Net Cash From Financing Activities	-13	71	-1.00
Net Cash From Continuing Financing Activities	-13	71	-1.00
Repayment of Debt	-2.69	0.00	0.00
Repurchase of Common Equity	-10	0.00	0.00
Issuance of Debt	0.00	72	1.12
Other Financing Activities, net	-0.16	-1.04	-2.11
Effect of Exchange Rate Changes	-2.67	0.12	-8.43

This table details how cash moves in and out of FARO Technologies' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Change in Cash & Equivalents	3.74	-0.21	-9.00	18	2.73	-3.13	12	-0.34	31	-11	-53
Net Cash From Operating Activities	5.03	17	2.57	4.21	6.58	19	-4.37	5.14	-18	-6.70	-15
Net Cash From Continuing Operating Activities	5.05	17	2.57	4.21	6.58	19	-4.37	5.14	-18	-6.70	-15
Net Income / (Loss) Continuing Operations	0.91	-0.99	-0.29	-0.52	-7.27	1.59	-8.76	-28	-21	-2.24	-6.26
Consolidated Net Income / (Loss)	0.91	-0.99	-0.29	-0.52	-7.27	1.59	-8.76	-28	-21	-2.24	-6.26
Depreciation Expense	4.21	4.03	3.92	4.17	3.62	3.65	3.80	3.51	4.41	3.92	3.41
Amortization Expense	0.11	0.17	0.11	0.11	0.11	0.16	0.11	0.18	0.00	-	-
Non-Cash Adjustments To Reconcile Net Income	3.80	8.28	1.83	2.39	7.19	10	5.74	17	4.08	0.43	4.83
Changes in Operating Assets and Liabilities, net	-3.97	5.78	-3.01	-1.94	2.92	3.10	-5.28	13	-5.67	-8.82	-17
Net Cash From Investing Activities	-2.79	-15	-3.30	18	-2.77	-23	18	-4.42	-24	-6.70	-34
Net Cash From Continuing Investing Activities	-2.79	-15	-3.30	18	-2.77	-23	18	-4.42	-24	-6.70	-34
Purchase of Property, Plant & Equipment	-1.34	-2.28	-1.87	-0.37	-1.32	-1.80	-0.70	-2.62	-1.69	-1.39	-1.50
Acquisitions	-1.45	-2.54	-1.43	-1.95	-1.44	-2.11	-1.46	-1.80	-1.82	-5.30	-33
Net Cash From Financing Activities	-0.01	-0.02	-10	-2.75	-0.04	0.31	-0.96	-0.35	72	0.76	-0.48
Net Cash From Continuing Financing Activities	-0.01	-0.02	-10	-2.75	-0.04	0.31	-0.96	-0.35	72	0.76	-0.48
Other Financing Activities, net	-0.01	-0.02	-0.03	-0.07	-0.04	0.31	-0.96	-0.35	-0.03	-0.36	-0.48
Effect of Exchange Rate Changes	1.52	-2.65	1.77	-0.76	-1.04	1.31	-0.84	-0.70	0.35	1.92	-3.89

This table presents FARO Technologies' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022
Period end date	12/31/2024	12/31/2023	12/31/2022
Total Assets	483	505	473
Total Current Assets	248	262	219
Cash & Equivalents	89	77	38
Short-Term Investments	10.00	19	0.00
Accounts Receivable	87	92	90
Inventories, net	32	35	50
Prepaid Expenses	30	39	41
Plant, Property, & Equipment, net	19	21	20
Total Noncurrent Assets	216	222	234
Goodwill	107	110	107
Intangible Assets	44	48	49
Noncurrent Deferred & Refundable Income Taxes	23	25	24
Other Noncurrent Operating Assets	42	39	54
Total Liabilities & Shareholders' Equity	483	505	473
Total Liabilities	233	236	162
Total Current Liabilities	113	113	106
Accounts Payable	27	27	27
Accrued Expenses	28	30	23
Customer Deposits	4.99	4.25	6.73
Current Deferred Revenue	42	41	36
Current Deferred & Payable Income Tax Liabilities	6.74	5.70	6.77
Other Current Liabilities	4.47	5.43	5.71
Total Noncurrent Liabilities	121	123	56
Long-Term Debt	70	73	0.00
Capital Lease Obligations	14	11	15
Noncurrent Deferred Revenue	1.49	5.63	8.71
Noncurrent Deferred & Payable Income Tax Liabilities	15	13	12
Other Noncurrent Operating Liabilities	20	20	21
Commitments & Contingencies	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	250	269	311
Total Preferred & Common Equity	250	269	311
Total Common Equity	250	269	311
Common Stock	358	346	328
Retained Earnings	-19	-9.79	47
Treasury Stock	-41	-31	-31
Accumulated Other Comprehensive Income / (Loss)	-49	-37	-33

This table presents FARO Technologies' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022
Period end date	3/31/2025	9/30/2024	6/30/2024	3/31/2024	9/30/2023	6/30/2023	3/31/2023	9/30/2022
Total Assets	495	490	481	492	485	502	529	445
Total Current Assets	255	245	248	256	246	257	276	209
Cash & Equivalents	92	89	98	80	80	68	69	49
Short-Term Investments	10	0.00	0.00	20	-	20	20	-
Accounts Receivable	86	83	85	89	88	88	90	75
Inventories, net	33	39	34	35	40	42	51	51
Prepaid Expenses	34	34	30	33	37	39	46	34
Plant, Property, & Equipment, net	19	20	18	20	22	23	20	20
Total Noncurrent Assets	221	225	215	216	217	222	234	216
Goodwill	109	111	108	108	107	109	108	101
Intangible Assets	43	46	46	47	47	49	49	48
Noncurrent Deferred & Refundable Income Taxes	23	25	25	25	24	24	24	18
Other Noncurrent Operating Assets	46	43	36	36	39	40	53	49
Total Liabilities & Shareholders' Equity	495	490	481	492	485	502	529	445
Total Liabilities	235	234	224	230	226	231	232	146
Total Current Liabilities	111	113	106	109	105	108	105	95
Accounts Payable	26	30	28	25	23	21	23	18
Accrued Expenses	25	25	25	27	25	30	26	23
Customer Deposits	4.63	4.28	5.21	5.03	5.24	5.58	6.39	5.87
Current Deferred Revenue	42	41	40	41	34	36	37	36
Current Deferred & Payable Income Tax Liabilities	7.94	6.88	3.23	5.91	12	10	7.28	6.42
Other Current Liabilities	4.78	4.65	4.65	5.11	5.26	5.14	5.48	5.53
Total Noncurrent Liabilities	124	121	118	121	121	123	127	51
Long-Term Debt	70	70	70	73	73	72	72	-
Capital Lease Obligations	17	15	9.56	9.69	11	12	13	14
Noncurrent Deferred Revenue	1.53	2.51	6.11	6.12	4.02	5.29	8.72	10
Noncurrent Deferred & Payable Income Tax Liabilities	15	13	12	13	11	12	12	5.71
Other Noncurrent Operating Liabilities	20	20	20	20	21	21	21	21
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	260	256	257	262	259	271	296	299
Total Preferred & Common Equity	260	256	257	262	259	271	296	299
Total Common Equity	260	256	257	262	259	271	296	299
Common Stock	362	355	352	351	340	337	332	325
Retained Earnings	-18	-18	-18	-17	-11	-2.62	26	49
Treasury Stock	-41	-41	-31	-31	-31	-31	-31	-31
Accumulated Other Comprehensive Income / (Loss)	-43	-41	-47	-41	-39	-32	-31	-44

This table displays calculated financial ratios and metrics derived from FARO Technologies' official financial filings.

Metric	2024	2023	2022
Period end date	12/31/2024	12/31/2023	12/31/2022
Growth Metrics	-	-	-
Revenue Growth	-4.57%	3.78%	2.35%
EBITDA Growth	154.06%	-352.84%	-257.55%
EBIT Growth	105.16%	-133.85%	-154.96%
NOPAT Growth	106.72%	-98.76%	-195.44%
Net Income Growth	83.98%	-111.46%	33.05%
EPS Growth	84.28%	-104.79%	33.64%
Operating Cash Flow Growth	2,749.21%	104.32%	-84.45%
Free Cash Flow Firm Growth	949.67%	97.31%	-182.49%
Invested Capital Growth	-8.08%	-11.10%	40.80%
Revenue Q/Q Growth	-1.53%	-1.38%	1.07%
EBITDA Q/Q Growth	31.44%	3.92%	-161.86%
EBIT Q/Q Growth	274.47%	2.95%	-28.79%
NOPAT Q/Q Growth	8,422.50%	5.72%	-28.38%
Net Income Q/Q Growth	-39.65%	6.33%	52.42%
EPS Q/Q Growth	-34.29%	6.27%	52.75%
Operating Cash Flow Q/Q Growth	-4.31%	104.43%	-54.76%
Free Cash Flow Firm Q/Q Growth	106.80%	92.21%	-110.54%
Invested Capital Q/Q Growth	-6.70%	-2.79%	8.52%
Profitability Metrics	-	-	-
Gross Margin	54.65%	45.98%	50.83%
EBITDA Margin	5.51%	-9.72%	-2.23%
Operating Margin	0.97%	-13.80%	-7.21%
EBIT Margin	0.76%	-14.13%	-6.27%
Profit (Net Income) Margin	-2.65%	-15.77%	-7.74%
Tax Burden Percent	970.66%	104.65%	123.58%
Interest Burden Percent	-35.69%	106.60%	99.83%
Effective Tax Rate	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	0.95%	-12.75%	-7.09%
ROIC Less NNEP Spread (ROIC-NNEP)	85.16%	109.44%	5.74%
Return on Net Nonoperating Assets (RNNOA)	-4.45%	-6.77%	-1.31%
Return on Equity (ROE)	-3.50%	-19.52%	-8.39%
Cash Return on Invested Capital (CROIC)	9.37%	-1.00%	-40.97%
Operating Return on Assets (OROA)	0.53%	-10.37%	-4.55%
Return on Assets (ROA)	-1.84%	-11.57%	-5.61%
Return on Common Equity (ROCE)	-3.50%	-19.52%	-8.39%
Return on Equity Simple (ROE_SIMPLE)	-3.63%	-21.06%	-8.60%
Net Operating Profit after Tax (NOPAT)	2.33	-35	-17
NOPAT Margin	0.68%	-9.66%	-5.05%
Net Nonoperating Expense Percent (NNEP)	-84.21%	-122.19%	-12.83%
Return On Investment Capital (ROIC_SIMPLE)	0.70%	-9.85%	-5.36%
Cost of Revenue to Revenue	45.35%	54.02%	49.17%
SG&A Expenses to Revenue	41.06%	43.85%	42.42%
R&D to Revenue	11.70%	11.65%	14.29%
Operating Expenses to Revenue	53.68%	59.79%	58.04%
Earnings before Interest and Taxes (EBIT)	2.62	-51	-22
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	19	-35	-7.70
Valuation Ratios	-	-	-
Price to Book Value (P/BV)	1.92	1.59	1.78
Price to Tangible Book Value (P/TBV)	4.85	3.84	3.57
Price to Revenue (P/Rev)	1.40	1.19	1.60
Price to Earnings (P/E)	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	1.98	1.62	1.84
Enterprise Value to Revenue (EV/Rev)	1.36	1.15	1.53
Enterprise Value to EBITDA (EV/EBITDA)	24.67	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	177.82	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	199.70	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	15.19	385.45	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	20.22	0.00	0.00
Leverage & Solvency	-	-	-
Debt to Equity	0.34	0.31	0.05
Long-Term Debt to Equity	0.34	0.31	0.05
Financial Leverage	-0.05	-0.06	-0.23
Leverage Ratio	1.91	1.69	1.50
Compound Leverage Factor	-0.68	1.80	1.49
Debt to Total Capital	25.25%	23.74%	4.50%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	25.25%	23.74%	4.50%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%
Common Equity to Total Capital	74.75%	76.26%	95.50%
Debt to EBITDA	4.47	-2.40	-1.90
Net Debt to EBITDA	-0.76	0.36	3.01
Long-Term Debt to EBITDA	4.47	-2.40	-1.90
Debt to NOPAT	36.19	-2.41	-0.84
Net Debt to NOPAT	-6.17	0.37	1.33
Long-Term Debt to NOPAT	36.19	-2.41	-0.84
Altman Z-Score	2.24	1.79	3.05
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-
Current Ratio	2.20	2.31	2.06
Quick Ratio	1.65	1.66	1.21
Cash Flow Metrics	-	-	-
Free Cash Flow to Firm (FCFF)	23	-2.71	-101
Operating Cash Flow to CapEx	524.29%	15.77%	-390.14%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00
Efficiency Ratios	-	-	-
Asset Turnover	0.69	0.73	0.73
Accounts Receivable Turnover	3.82	3.94	4.10
Inventory Turnover	4.66	4.58	3.30
Fixed Asset Turnover	17.14	17.55	16.50
Accounts Payable Turnover	5.67	7.09	8.20
Days Sales Outstanding (DSO)	95.43	92.74	89.12
Days Inventory Outstanding (DIO)	78.34	79.61	110.76
Days Payable Outstanding (DPO)	64.34	51.49	44.53
Cash Conversion Cycle (CCC)	109.42	120.86	155.34
Capital & Investment Metrics	-	-	-
Invested Capital	235	256	288
Invested Capital Turnover	1.39	1.32	1.40
Increase / (Decrease) in Invested Capital	-21	-32	83
Enterprise Value (EV)	465	414	529
Market Capitalization	480	427	552
Book Value per Share	$13.19	$14.17	$16.56
Tangible Book Value per Share	$5.23	$5.87	$8.25
Total Capital	334	352	326
Total Debt	84	84	15
Total Long-Term Debt	84	84	15
Net Debt	-14	-13	-23
Capital Expenditures (CapEx)	5.84	6.82	6.37
Debt-free, Cash-free Net Working Capital (DFCFNWC)	37	52	75
Debt-free Net Working Capital (DFNWC)	135	148	113
Net Working Capital (NWC)	135	148	113
Net Nonoperating Expense (NNE)	11	22	9.31
Net Nonoperating Obligations (NNO)	-14	-13	-23
Total Depreciation and Amortization (D&A)	16	16	14
Debt-free, Cash-free Net Working Capital to Revenue	10.69%	14.51%	21.78%
Debt-free Net Working Capital to Revenue	39.52%	41.34%	32.72%
Net Working Capital to Revenue	39.52%	41.34%	32.72%
Earnings Adjustments	-	-	-
Adjusted Basic Earnings per Share	($0.47)	($2.99)	($1.46)
Adjusted Weighted Average Basic Shares Outstanding	19.15M	18.92M	18.32M
Adjusted Diluted Earnings per Share	($0.47)	($2.99)	($1.46)
Adjusted Weighted Average Diluted Shares Outstanding	19.15M	18.92M	18.32M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	18.98M	18.97M	18.78M
Normalized Net Operating Profit after Tax (NOPAT)	4.56	-24	-14
Normalized NOPAT Margin	1.33%	-6.66%	-4.11%
Pre Tax Income Margin	-0.27%	-15.07%	-6.26%
Debt Service Ratios	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00
Payout Ratios	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%
Augmented Payout Ratio	-110.46%	0.00%	0.00%

This table displays calculated financial ratios and metrics derived from FARO Technologies' official financial filings.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-1.64%	-5.37%	-4.90%	-6.94%	-0.85%	-4.83%	1.74%	10.38%	10.84%	3.65%	7.78%
EBITDA Growth	578.78%	116.93%	329.10%	127.43%	88.54%	58.57%	-14.65%	-501.93%	-235.57%	-66.18%	-2.50%
EBIT Growth	162.74%	7,767.92%	130.39%	106.94%	71.00%	103.56%	-14.84%	-252.81%	-156.25%	-144.33%	-3.47%
NOPAT Growth	137.81%	-251.77%	86.65%	94.99%	71.48%	182.28%	2.82%	-183.05%	-158.84%	96.84%	-36.82%
Net Income Growth	112.47%	-162.09%	96.70%	98.14%	65.66%	171.08%	-39.85%	-229.43%	-118.48%	92.96%	-62.41%
EPS Growth	113.16%	-150.00%	95.65%	97.99%	66.07%	166.67%	-35.29%	-217.02%	-111.32%	93.14%	-61.90%
Operating Cash Flow Growth	-23.48%	-7.40%	158.72%	-18.01%	135.84%	378.43%	70.64%	36.01%	-160.68%	-419.81%	-356.65%
Free Cash Flow Firm Growth	-95.83%	-41.52%	469.32%	139.24%	155.80%	138.92%	92.76%	-1,484.38%	-55.92%	-27.61%	53.71%
Invested Capital Growth	-0.18%	-8.08%	-4.24%	-11.04%	-16.40%	-11.10%	-0.75%	26.02%	29.34%	40.80%	14.86%
Revenue Q/Q Growth	-11.41%	13.29%	0.58%	-2.56%	-14.77%	13.85%	-1.58%	3.82%	-18.19%	21.71%	6.78%
EBITDA Q/Q Growth	-8.35%	38.95%	-0.79%	478.96%	-141.52%	246.75%	88.12%	-58.29%	-674.72%	206.11%	37.64%
EBIT Q/Q Growth	-19.74%	109.65%	10.93%	133.61%	-10,166.04%	100.81%	74.66%	-40.39%	-1,135.46%	73.87%	22.14%
NOPAT Q/Q Growth	197.55%	-122.52%	27.14%	76.09%	-491.59%	119.58%	72.68%	-36.17%	-1,029.61%	76.88%	20.42%
Net Income Q/Q Growth	191.89%	-241.18%	44.85%	92.79%	-557.62%	118.14%	69.00%	-33.46%	-847.36%	64.32%	26.98%
EPS Q/Q Growth	225.00%	-100.00%	33.33%	92.11%	-575.00%	117.39%	69.13%	-33.04%	-833.33%	64.71%	27.66%
Operating Cash Flow Q/Q Growth	-70.88%	572.66%	-39.03%	-35.94%	-64.75%	526.60%	-185.13%	128.00%	-173.79%	55.02%	-494.39%
Free Cash Flow Firm Q/Q Growth	-90.37%	83.12%	-63.33%	-35.46%	34.93%	1,256.46%	96.10%	8.23%	5.89%	-115.16%	-845.02%
Invested Capital Q/Q Growth	4.07%	-6.70%	5.83%	-2.87%	-4.17%	-2.79%	-1.68%	-8.73%	1.91%	8.52%	24.85%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	57.01%	56.75%	55.69%	54.56%	51.41%	50.88%	48.00%	37.78%	46.74%	49.14%	50.70%
EBITDA Margin	9.26%	8.95%	7.30%	7.40%	-1.90%	3.90%	-3.03%	-25.09%	-16.46%	2.34%	-2.69%
Operating Margin	4.60%	5.05%	2.62%	2.13%	-6.30%	1.37%	-7.98%	-28.74%	-21.91%	-1.59%	-8.35%
EBIT Margin	4.04%	4.46%	2.41%	2.18%	-6.33%	0.05%	-7.54%	-29.28%	-21.65%	-1.43%	-6.68%
Profit (Net Income) Margin	1.09%	-1.05%	-0.35%	-0.64%	-8.63%	1.61%	-10.09%	-32.02%	-24.91%	-2.15%	-7.34%
Tax Burden Percent	36.84%	-30.49%	-29.92%	-50.78%	117.86%	-207.31%	121.01%	105.28%	110.05%	150.84%	110.33%
Interest Burden Percent	73.47%	77.55%	48.57%	57.56%	115.58%	-1,445.28%	110.56%	103.88%	104.54%	99.46%	99.58%
Effective Tax Rate	63.16%	130.49%	129.92%	150.78%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	2.36%	-2.15%	-1.06%	-1.51%	-5.87%	1.27%	-7.69%	-30.36%	-20.88%	-1.56%	-8.06%
ROIC Less NNEP Spread (ROIC-NNEP)	5.47%	-5.51%	91.43%	-4.84%	30.28%	-2.30%	18.35%	-6.88%	-3.35%	-0.07%	-6.47%
Return on Net Nonoperating Assets (RNNOA)	-0.34%	0.29%	0.14%	0.20%	-1.07%	0.14%	-0.99%	1.08%	0.51%	0.02%	1.58%
Return on Equity (ROE)	2.02%	-1.86%	-0.92%	-1.31%	-6.93%	1.41%	-8.68%	-29.28%	-20.37%	-1.54%	-6.48%
Cash Return on Invested Capital (CROIC)	-0.41%	9.37%	4.32%	9.15%	8.45%	-1.00%	-13.16%	-38.40%	-35.37%	-40.97%	-19.31%
Operating Return on Assets (OROA)	2.79%	3.09%	1.72%	1.56%	-4.44%	0.04%	-5.90%	-22.45%	-15.38%	-1.04%	-4.83%
Return on Assets (ROA)	0.76%	-0.73%	-0.25%	-0.46%	-6.05%	1.18%	-7.89%	-24.55%	-17.70%	-1.56%	-5.31%
Return on Common Equity (ROCE)	2.02%	-1.86%	-0.92%	-1.31%	-6.93%	1.41%	-8.68%	-29.28%	-20.37%	-1.54%	-6.48%
Return on Equity Simple (ROE_SIMPLE)	-0.34%	0.00%	-2.54%	-5.83%	-16.29%	0.00%	-23.31%	-21.34%	-12.90%	0.00%	-18.78%
Net Operating Profit after Tax (NOPAT)	1.41	-1.44	-0.65	-0.89	-3.72	0.95	-4.85	-18	-13	-1.15	-4.99
NOPAT Margin	1.70%	-1.54%	-0.78%	-1.08%	-4.41%	0.96%	-5.58%	-20.12%	-15.34%	-1.11%	-5.85%
Net Nonoperating Expense Percent (NNEP)	-3.11%	3.36%	-92.49%	3.33%	-36.15%	3.56%	-26.04%	-23.48%	-17.52%	-1.49%	-1.59%
Return On Investment Capital (ROIC_SIMPLE)	0.40%	-0.43%	-	-	-	0.27%	-	-	-	-0.35%	-
Cost of Revenue to Revenue	42.99%	43.25%	44.31%	45.44%	48.59%	49.12%	52.00%	62.22%	53.26%	50.86%	49.30%
SG&A Expenses to Revenue	40.81%	36.73%	41.23%	39.70%	47.00%	39.89%	43.74%	43.71%	48.70%	36.51%	43.62%
R&D to Revenue	11.45%	12.22%	11.83%	11.98%	10.71%	9.35%	9.43%	13.22%	14.97%	12.19%	14.75%
Operating Expenses to Revenue	52.40%	51.70%	53.06%	52.43%	57.71%	49.50%	55.98%	66.51%	68.65%	50.73%	59.05%
Earnings before Interest and Taxes (EBIT)	3.35	4.17	1.99	1.79	-5.34	0.05	-6.55	-26	-18	-1.49	-5.70
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	7.67	8.37	6.02	6.07	-1.60	3.86	-2.63	-22	-14	2.43	-2.29
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.99	1.92	1.46	1.20	1.56	1.59	1.11	1.13	1.56	1.78	1.67
Price to Tangible Book Value (P/TBV)	4.80	4.85	3.80	3.00	3.83	3.84	2.74	2.69	3.31	3.57	3.34
Price to Revenue (P/Rev)	1.52	1.40	1.07	0.87	1.14	1.19	0.79	0.85	1.31	1.60	1.47
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	2.05	1.98	1.47	1.21	1.59	1.62	1.11	1.13	1.57	1.84	1.76
Enterprise Value to Revenue (EV/Rev)	1.47	1.36	1.06	0.82	1.09	1.15	0.80	0.84	1.30	1.53	1.37
Enterprise Value to EBITDA (EV/EBITDA)	17.87	24.67	25.77	50.71	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	44.50	177.82	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	199.70	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	17.29	15.19	11.55	11.52	15.04	385.45	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	20.22	33.22	12.47	17.17	0.00	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.34	0.34	0.33	0.31	0.32	0.31	0.32	0.31	0.29	0.05	0.05
Long-Term Debt to Equity	0.34	0.34	0.33	0.31	0.32	0.31	0.32	0.31	0.29	0.05	0.05
Financial Leverage	-0.06	-0.05	0.00	-0.04	-0.04	-0.06	-0.05	-0.16	-0.15	-0.23	-0.24
Leverage Ratio	1.89	1.91	1.89	1.86	1.83	1.69	1.67	1.66	1.63	1.50	1.44
Compound Leverage Factor	1.39	1.48	0.92	1.07	2.11	-24.39	1.84	1.72	1.70	1.49	1.44
Debt to Total Capital	25.12%	25.25%	25.07%	23.66%	23.96%	23.74%	24.51%	23.85%	22.43%	4.50%	4.57%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	25.12%	25.25%	25.07%	23.66%	23.96%	23.74%	24.51%	23.85%	22.43%	4.50%	4.57%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	74.88%	74.75%	74.93%	76.34%	76.04%	76.26%	75.50%	76.15%	77.57%	95.50%	95.43%
Debt to EBITDA	3.10	4.47	5.96	13.96	-3.67	-2.40	-2.32	-2.36	-4.89	-1.90	-4.88
Net Debt to EBITDA	-0.55	-0.76	-0.24	-3.22	0.74	0.36	-0.12	0.10	0.17	3.01	11.62
Long-Term Debt to EBITDA	3.10	4.47	5.96	13.96	-3.67	-2.40	-2.32	-2.36	-4.89	-1.90	-4.88
Debt to NOPAT	-60.36	36.19	-3,053.86	-12.45	-3.26	-2.41	-2.29	-2.30	-3.37	-0.84	-1.06
Net Debt to NOPAT	10.62	-6.17	121.61	2.88	0.66	0.37	-0.11	0.10	0.11	1.33	2.52
Long-Term Debt to NOPAT	-60.36	36.19	-3,053.86	-12.45	-3.26	-2.41	-2.29	-2.30	-3.37	-0.84	-1.06
Altman Z-Score	2.33	2.25	1.95	1.87	2.06	2.12	1.79	1.70	2.20	3.19	3.25
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.31	2.20	2.17	2.33	2.35	2.31	2.33	2.38	2.62	2.06	2.20
Quick Ratio	1.70	1.65	1.52	1.72	1.73	1.66	1.60	1.64	1.70	1.21	1.31
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	1.85	19	11	29	44	33	-2.85	-73	-80	-85	-39
Operating Cash Flow to CapEx	374.89%	756.64%	137.25%	1,153.97%	496.98%	1,035.81%	-621.16%	195.77%	-1,086.73%	-480.98%	-995.06%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.69	0.69	0.71	0.72	0.70	0.73	0.78	0.77	0.71	0.73	0.72
Accounts Receivable Turnover	3.91	3.82	4.05	4.07	4.00	3.94	4.45	4.55	4.24	4.10	5.10
Inventory Turnover	4.37	4.66	4.13	4.53	4.39	4.58	4.35	4.55	3.43	3.30	3.04
Fixed Asset Turnover	17.66	17.14	16.66	16.90	18.20	17.55	17.07	16.34	16.88	16.50	0.00
Accounts Payable Turnover	5.81	5.67	6.07	7.00	7.86	7.09	9.67	11.18	9.53	8.20	9.52
Days Sales Outstanding (DSO)	93.42	95.43	90.05	89.78	91.30	92.74	82.11	80.18	86.07	89.12	71.60
Days Inventory Outstanding (DIO)	83.54	78.34	88.42	80.64	83.07	79.61	83.88	80.13	106.56	110.76	120.18
Days Payable Outstanding (DPO)	62.87	64.34	60.15	52.13	46.42	51.49	37.73	32.64	38.28	44.53	38.34
Cash Conversion Cycle (CCC)	114.09	109.42	118.31	118.30	127.95	120.86	128.26	127.68	154.34	155.34	153.44
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	245	235	252	238	245	256	263	268	293	288	265
Invested Capital Turnover	1.39	1.39	1.35	1.39	1.33	1.32	1.38	1.51	1.36	1.40	1.38
Increase / (Decrease) in Invested Capital	-0.45	-21	-11	-30	-48	-32	-2.00	55	67	83	34
Enterprise Value (EV)	503	465	370	289	391	414	293	303	459	529	467
Market Capitalization	518	480	373	307	408	427	289	306	462	552	502
Book Value per Share	$13.71	$13.19	$13.11	$13.36	$13.75	$14.17	$13.67	$14.35	$15.78	$16.56	$16.38
Tangible Book Value per Share	$5.69	$5.23	$5.04	$5.33	$5.59	$5.87	$5.55	$6.02	$7.43	$8.25	$8.21
Total Capital	347	334	341	336	345	352	343	356	382	326	314
Total Debt	87	84	86	80	83	84	84	85	86	15	14
Total Long-Term Debt	87	84	86	80	83	84	84	85	86	15	14
Net Debt	-15	-14	-3.41	-18	-17	-13	4.18	-3.51	-2.92	-23	-34
Capital Expenditures (CapEx)	1.34	2.28	1.87	0.37	1.32	1.80	0.70	2.62	1.69	1.39	1.50
Debt-free, Cash-free Net Working Capital (DFCFNWC)	42	37	44	43	48	52	60	61	82	75	65
Debt-free Net Working Capital (DFNWC)	145	135	132	141	147	148	140	149	171	113	114
Net Working Capital (NWC)	145	135	132	141	147	148	140	149	171	113	114
Net Nonoperating Expense (NNE)	0.50	-0.45	-0.36	-0.36	3.55	-0.64	3.91	11	8.13	1.08	1.27
Net Nonoperating Obligations (NNO)	-15	-14	-3.41	-18	-17	-13	4.18	-3.51	-2.92	-23	-34
Total Depreciation and Amortization (D&A)	4.32	4.20	4.03	4.28	3.73	3.81	3.92	3.69	4.41	3.92	3.41
Debt-free, Cash-free Net Working Capital to Revenue	12.31%	10.69%	12.53%	12.33%	13.46%	14.51%	16.58%	16.73%	23.14%	21.78%	19.12%
Debt-free Net Working Capital to Revenue	42.40%	39.52%	38.10%	40.15%	41.18%	41.34%	38.54%	41.15%	48.16%	32.72%	33.31%
Net Working Capital to Revenue	42.40%	39.52%	38.10%	40.15%	41.18%	41.34%	38.54%	41.15%	48.16%	32.72%	33.31%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.05	($0.04)	($0.02)	($0.03)	($0.38)	$0.08	($0.46)	($1.49)	($1.12)	($0.12)	($0.34)
Adjusted Weighted Average Basic Shares Outstanding	19.05M	19.15M	19.27M	19.29M	19.05M	18.92M	18.95M	18.92M	18.82M	18.32M	18.44M
Adjusted Diluted Earnings per Share	$0.05	($0.04)	($0.02)	($0.03)	($0.38)	$0.08	($0.46)	($1.49)	($1.12)	($0.12)	($0.34)
Adjusted Weighted Average Diluted Shares Outstanding	19.73M	19.15M	19.27M	19.29M	19.05M	18.92M	18.95M	18.92M	18.82M	18.32M	18.44M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	19.23M	18.98M	18.92M	19.50M	19.21M	18.97M	18.95M	18.95M	18.90M	18.78M	18.78M
Normalized Net Operating Profit after Tax (NOPAT)	2.75	5.11	1.51	1.66	-3.72	1.13	-3.14	-12	-10	0.32	-4.58
Normalized NOPAT Margin	3.32%	5.46%	1.83%	2.02%	-4.41%	1.15%	-3.62%	-13.41%	-11.85%	0.31%	-5.37%
Pre Tax Income Margin	2.97%	3.46%	1.17%	1.26%	-7.32%	-0.78%	-8.34%	-30.41%	-22.63%	-1.43%	-6.65%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	-110.46%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions About FARO Technologies' Financials

When does FARO Technologies's fiscal year end?

According to the most recent income statement we have on file, FARO Technologies' financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has FARO Technologies' net income changed over the last 2 years?

FARO Technologies' net income appears to be on a downward trend, with a most recent value of -$9.07 million in 2024, falling from -$26.76 million in 2022. The previous period was -$56.58 million in 2023. Find out what analysts predict for FARO Technologies in the coming months.

What is FARO Technologies's operating income?

FARO Technologies's total operating income in 2024 was $3.33 million, based on the following breakdown:

Total Gross Profit: $187.15 million
Total Operating Expenses: $183.82 million

How has FARO Technologies revenue changed over the last 2 years?

Over the last 2 years, FARO Technologies' total revenue changed from $345.77 million in 2022 to $342.43 million in 2024, a change of -1.0%.

How much debt does FARO Technologies have?

FARO Technologies' total liabilities were at $233.40 million at the end of 2024, a 1.1% decrease from 2023, and a 43.8% increase since 2022.

How much cash does FARO Technologies have?

In the past 2 years, FARO Technologies' cash and equivalents has ranged from $37.81 million in 2022 to $88.70 million in 2024, and is currently $88.70 million as of their latest financial filing in 2024.

How has FARO Technologies' book value per share changed over the last 2 years?

Over the last 2 years, FARO Technologies' book value per share changed from 16.56 in 2022 to 13.19 in 2024, a change of -20.3%.

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This page (NASDAQ:FARO) was last updated on 5/27/2025 by MarketBeat.com Staff

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FARO Technologies (FARO) Financials

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