FRP (FRPH) Financials

$27.19 -0.07 (-0.26%)

Closing price 05/30/2025 04:00 PM Eastern

Extended Trading

$27.18 -0.01 (-0.04%)

As of 05/30/2025 04:20 PM Eastern

Annual Income Statements for FRP

This table shows FRP's 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	6.39	5.30	4.57
Consolidated Net Income / (Loss)	6.46	4.88	4.05
Net Income / (Loss) Continuing Operations	6.46	4.88	4.05
Total Pre-Tax Income	8.49	6.40	5.58
Total Operating Income	12	12	8.00
Total Gross Profit	42	42	37
Total Revenue	42	42	37
Operating Revenue	42	42	37
Total Cost of Revenue	0.00	0.00	0.00
Total Operating Expenses	30	30	29
Selling, General & Admin Expense	16	15	14
Depreciation Expense	10	11	11
Other Operating Expenses / (Income)	3.44	3.65	4.13
Total Other Income / (Expense), net	-3.22	-5.30	-2.42
Interest Expense	3.15	4.32	3.05
Interest & Investment Income	-0.25	-1.04	-0.25
Other Income / (Expense), net	0.18	0.05	0.87
Income Tax Expense	2.03	1.52	1.53
Net Income / (Loss) Attributable to Noncontrolling Interest	0.08	-0.42	-0.52
Basic Earnings per Share	$0.34	$0.28	$0.24
Weighted Average Basic Shares Outstanding	18.88M	18.84M	18.77M
Diluted Earnings per Share	$0.34	$0.28	$0.24
Weighted Average Diluted Shares Outstanding	18.97M	18.92M	18.87M
Weighted Average Basic & Diluted Shares Outstanding	19.09M	9.50M	9.48M

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

Metric	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	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	1.68	1.36	2.04	1.30	2.88	1.26	0.60	0.57	2.76	0.48
Consolidated Net Income / (Loss)	1.69	1.38	2.06	1.34	2.89	1.10	0.49	0.41	2.68	0.38
Net Income / (Loss) Continuing Operations	1.69	1.38	2.06	1.34	2.89	1.10	0.49	0.41	2.68	0.38
Total Pre-Tax Income	1.97	1.81	2.98	1.74	3.50	1.57	0.71	0.62	3.68	0.56
Total Operating Income	2.92	3.08	2.82	2.88	3.18	2.90	2.77	2.85	2.72	1.85
Total Gross Profit	11	11	10	10	10	11	11	10	9.85	9.29
Total Revenue	11	11	10	10	10	11	11	10	9.85	9.29
Operating Revenue	11	11	10	10	10	11	11	10	9.85	9.29
Total Operating Expenses	7.61	7.55	7.66	7.25	6.92	7.70	7.93	7.26	7.14	7.45
Selling, General & Admin Expense	4.13	4.15	4.25	3.91	3.61	3.96	4.23	3.53	8.83	1.97
Other Operating Expenses / (Income)	0.92	0.85	0.86	0.81	0.91	0.92	0.88	0.95	-4.40	2.73
Total Other Income / (Expense), net	-0.95	-1.28	0.16	-1.15	0.32	-1.33	-2.05	-2.24	0.96	-1.29
Interest Expense	0.67	0.74	0.83	0.91	1.06	1.12	1.13	1.01	0.83	0.74
Interest & Investment Income	-0.46	-0.54	0.98	-0.24	1.34	-0.21	-0.92	-1.24	1.79	-0.69
Other Income / (Expense), net	0.18	0.00	0.00	0.00	0.05	-0.00	-0.00	0.01	-	0.14
Income Tax Expense	0.29	0.43	0.92	0.40	0.62	0.47	0.22	0.21	1.00	0.18
Net Income / (Loss) Attributable to Noncontrolling Interest	0.01	0.02	0.02	0.03	0.01	-0.16	-0.11	-0.16	-0.08	-0.10
Basic Earnings per Share	$0.09	$0.07	$0.11	$0.07	$0.15	$0.07	$0.03	$0.03	$0.15	$0.05
Weighted Average Basic Shares Outstanding	18.88M	18.89M	18.88M	18.86M	18.84M	18.85M	18.86M	18.83M	18.77M	9.40M
Diluted Earnings per Share	$0.09	$0.07	$0.11	$0.07	$0.15	$0.07	$0.03	$0.03	$0.15	$0.05
Weighted Average Diluted Shares Outstanding	18.97M	18.97M	18.95M	18.94M	18.92M	18.92M	18.93M	18.91M	18.87M	9.43M
Basic & Diluted Earnings per Share	$0.09	-	-	-	$0.15	-	-	-	$0.15	-
Weighted Average Basic & Diluted Shares Outstanding	19.09M	19.03M	19.03M	19.02M	9.50M	9.48M	9.50M	9.51M	9.48M	9.46M
Cash Dividends to Common per Share	$0.04	-	-	-	$0.04	-	-	-	$0.51	-

This table details how cash moves in and out of FRP's 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	-8.94	-20	16
Net Cash From Operating Activities	29	33	22
Net Cash From Continuing Operating Activities	29	33	22
Net Income / (Loss) Continuing Operations	6.46	4.88	4.05
Consolidated Net Income / (Loss)	6.46	4.88	4.05
Depreciation Expense	10	11	11
Non-Cash Adjustments To Reconcile Net Income	13	14	6.39
Changes in Operating Assets and Liabilities, net	-0.97	3.45	0.44
Net Cash From Investing Activities	-51	-49	-23
Net Cash From Continuing Investing Activities	-51	-49	-23
Purchase of Property, Plant & Equipment	-51	-11	-28
Acquisitions	-16	-47	-22
Sale of Property, Plant & Equipment	0.22	0.02	0.96
Sale and/or Maturity of Investments	17	9.21	25
Other Investing Activities, net	-0.46	-0.06	-0.05
Net Cash From Financing Activities	13	-4.17	17
Net Cash From Continuing Financing Activities	13	-4.17	17
Repurchase of Common Equity	0.00	-2.00	0.00
Payment of Dividends	-3.23	-3.19	-11
Issuance of Common Equity	16	1.02	28
Cash Interest Paid	2.97	4.17	2.89
Cash Income Taxes Paid	2.79	0.93	-1.76

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

Metric	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	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	3.94	-12	4.45	-5.07	-8.47	-0.51	-6.76	-4.20	33	-14
Net Cash From Operating Activities	7.58	6.32	12	2.91	12	7.87	8.17	4.69	9.16	4.37
Net Cash From Continuing Operating Activities	7.58	6.32	12	2.91	12	7.87	8.17	4.69	9.16	4.37
Net Income / (Loss) Continuing Operations	1.69	1.38	2.06	1.34	2.89	1.10	0.49	0.41	2.68	0.38
Consolidated Net Income / (Loss)	1.69	1.38	2.06	1.34	2.89	1.10	0.49	0.41	2.68	0.38
Depreciation Expense	2.55	2.63	2.61	2.60	2.42	2.83	2.88	2.84	2.77	2.81
Non-Cash Adjustments To Reconcile Net Income	2.94	3.15	3.68	3.34	1.62	3.19	4.93	3.93	0.74	1.99
Changes in Operating Assets and Liabilities, net	0.41	-0.83	3.82	-4.36	5.33	0.75	-0.13	-2.49	2.98	-0.81
Net Cash From Investing Activities	-3.65	-33	-6.99	-7.23	-20	-6.63	-13	-8.76	5.01	-18
Net Cash From Continuing Investing Activities	-3.65	-33	-6.99	-7.23	-20	-6.63	-13	-8.76	5.01	-18
Purchase of Property, Plant & Equipment	-4.11	-35	-6.31	-6.21	-6.58	-2.45	-0.98	-1.21	-1.48	-8.73
Acquisitions	-2.15	0.63	-7.08	-7.77	-15	-5.01	-14	-13	-0.74	-17
Sale of Property, Plant & Equipment	0.20	0.03	-	0.00	-	-0.00	-	0.02	0.00	0.21
Sale and/or Maturity of Investments	2.75	0.65	7.23	6.55	1.65	0.66	1.91	4.99	7.44	6.65
Other Investing Activities, net	-0.33	0.51	-0.84	0.21	-0.21	0.18	-0.24	0.21	-0.22	0.18
Net Cash From Financing Activities	0.00	14	-0.74	-0.75	-0.53	-1.75	-1.75	-0.13	19	-0.59
Net Cash From Continuing Financing Activities	0.00	14	-0.74	-0.75	-0.53	-1.75	-1.75	-0.13	19	-0.59
Payment of Dividends	-0.82	-0.92	-0.74	-0.75	-0.75	-0.75	-0.75	-0.93	-9.54	-0.59
Issuance of Common Equity	0.83	15	-	0.00	0.22	-	-	0.80	28	-
Cash Interest Paid	0.51	0.73	0.82	0.90	0.92	1.12	1.13	1.00	0.68	0.74
Cash Income Taxes Paid	0.72	1.70	0.37	0.00	0.31	0.09	0.53	0.00	-0.03	-

This table presents FRP's 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	728	709	701
Total Current Assets	150	159	179
Cash & Equivalents	149	158	177
Accounts Receivable	1.35	1.05	1.17
Current Deferred & Refundable Income Taxes	0.00	0.34	0.00
Plant, Property, & Equipment, net	407	367	367
Plant, Property & Equipment, gross	485	435	424
Accumulated Depreciation	78	68	57
Total Noncurrent Assets	171	183	155
Long-Term Investments	154	166	141
Other Noncurrent Operating Assets	17	17	15
Total Liabilities & Shareholders' Equity	728	709	701
Total Liabilities	259	261	257
Total Current Liabilities	6.03	8.33	5.97
Accounts Payable	6.03	8.33	5.97
Total Noncurrent Liabilities	253	253	251
Long-Term Debt	179	179	179
Noncurrent Deferred Revenue	2.44	0.93	0.26
Noncurrent Deferred & Payable Income Tax Liabilities	68	69	68
Noncurrent Employee Benefit Liabilities	1.47	1.41	1.35
Other Noncurrent Operating Liabilities	2.90	2.36	2.77
Commitments & Contingencies	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	469	448	444
Total Preferred & Common Equity	423	415	407
Total Common Equity	423	415	407
Common Stock	71	69	66
Retained Earnings	352	346	342
Accumulated Other Comprehensive Income / (Loss)	0.06	0.04	-1.28
Noncontrolling Interest	46	33	37

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

Metric	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022
Period end date	9/30/2024	6/30/2024	3/31/2024	9/30/2023	6/30/2023	3/31/2023	9/30/2022
Total Assets	727	712	706	701	700	700	677
Total Current Assets	147	159	154	168	169	175	146
Cash & Equivalents	145	157	152	166	167	173	145
Accounts Receivable	1.83	1.83	1.40	1.68	2.77	1.33	1.53
Current Deferred & Refundable Income Taxes	0.00	0.00	0.00	-	-	-	0.00
Plant, Property, & Equipment, net	406	374	371	363	364	365	368
Plant, Property & Equipment, gross	481	447	441	429	426	425	423
Accumulated Depreciation	75	73	70	65	63	60	55
Total Noncurrent Assets	174	179	181	170	167	159	162
Long-Term Investments	157	161	164	154	153	145	148
Other Noncurrent Operating Assets	17	17	17	16	14	15	15
Total Liabilities & Shareholders' Equity	727	712	706	701	700	700	677
Total Liabilities	260	261	257	256	255	254	252
Total Current Liabilities	6.06	8.07	3.83	4.72	3.15	3.37	5.07
Accounts Payable	6.06	7.30	3.83	3.69	3.15	3.17	4.72
Total Noncurrent Liabilities	254	253	253	251	252	251	247
Long-Term Debt	179	179	179	179	179	179	179
Noncurrent Deferred Revenue	2.39	-	0.92	-	0.89	-	-
Noncurrent Deferred & Payable Income Tax Liabilities	68	68	69	68	68	68	64
Noncurrent Employee Benefit Liabilities	1.45	1.44	1.42	1.40	1.38	1.36	1.31
Other Noncurrent Operating Liabilities	2.74	4.07	2.43	3.48	2.95	3.08	3.23
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	467	451	449	445	445	445	425
Total Preferred & Common Equity	421	419	416	411	410	409	398
Total Common Equity	421	419	416	411	410	409	398
Common Stock	70	70	69	68	68	67	60
Retained Earnings	351	349	347	343	343	343	340
Accumulated Other Comprehensive Income / (Loss)	0.08	0.02	0.03	-0.33	-0.71	-0.90	-1.42
Noncontrolling Interest	46	32	33	34	35	36	26

This table displays calculated financial ratios and metrics derived from FRP's official financial filings.

Metric	2024	2023	2022
Period end date	12/31/2024	12/31/2023	12/31/2022
Growth Metrics	-	-	-
Revenue Growth	0.65%	10.74%	20.05%
EBITDA Growth	-1.99%	11.78%	-69.73%
EBIT Growth	1.13%	32.50%	-83.64%
NOPAT Growth	-0.24%	53.86%	220.59%
Net Income Growth	32.32%	20.63%	-89.91%
EPS Growth	21.43%	20.63%	-89.91%
Operating Cash Flow Growth	-12.09%	47.60%	0.43%
Free Cash Flow Firm Growth	-415.45%	261.66%	95.12%
Invested Capital Growth	13.99%	-0.55%	4.23%
Revenue Q/Q Growth	1.03%	0.61%	4.03%
EBITDA Q/Q Growth	0.02%	0.73%	11.21%
EBIT Q/Q Growth	-1.07%	4.55%	38.33%
NOPAT Q/Q Growth	-2.64%	11.81%	81.18%
Net Income Q/Q Growth	-15.64%	4.45%	861.28%
EPS Q/Q Growth	-15.00%	4.45%	861.28%
Operating Cash Flow Q/Q Growth	-13.87%	10.33%	17.46%
Free Cash Flow Firm Q/Q Growth	-7.28%	-29.69%	57.33%
Invested Capital Q/Q Growth	0.43%	-0.18%	-1.92%
Profitability Metrics	-	-	-
Gross Margin	100.00%	100.00%	100.00%
EBITDA Margin	53.33%	54.76%	54.25%
Operating Margin	28.02%	28.19%	21.33%
EBIT Margin	28.45%	28.32%	23.67%
Profit (Net Income) Margin	15.46%	11.76%	10.80%
Tax Burden Percent	76.10%	76.31%	72.57%
Interest Burden Percent	71.42%	54.44%	62.87%
Effective Tax Rate	23.90%	23.69%	27.43%
Return on Invested Capital (ROIC)	2.75%	2.94%	1.94%
ROIC Less NNEP Spread (ROIC-NNEP)	4.57%	5.78%	3.23%
Return on Net Nonoperating Assets (RNNOA)	-1.34%	-1.84%	-1.01%
Return on Equity (ROE)	1.41%	1.09%	0.93%
Cash Return on Invested Capital (CROIC)	-10.33%	3.49%	-2.20%
Operating Return on Assets (OROA)	1.65%	1.67%	1.29%
Return on Assets (ROA)	0.90%	0.69%	0.59%
Return on Common Equity (ROCE)	1.29%	1.01%	0.86%
Return on Equity Simple (ROE_SIMPLE)	1.53%	1.18%	0.99%
Net Operating Profit after Tax (NOPAT)	8.91	8.93	5.80
NOPAT Margin	21.32%	21.51%	15.48%
Net Nonoperating Expense Percent (NNEP)	-1.82%	-2.85%	-1.29%
Return On Investment Capital (ROIC_SIMPLE)	1.37%	1.42%	0.93%
Cost of Revenue to Revenue	0.00%	0.00%	0.00%
SG&A Expenses to Revenue	39.37%	36.95%	37.73%
R&D to Revenue	0.00%	0.00%	0.00%
Operating Expenses to Revenue	71.98%	71.81%	78.67%
Earnings before Interest and Taxes (EBIT)	12	12	8.87
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	22	23	20
Valuation Ratios	-	-	-
Price to Book Value (P/BV)	1.38	1.44	1.25
Price to Tangible Book Value (P/TBV)	1.38	1.44	1.25
Price to Revenue (P/Rev)	13.95	14.36	13.59
Price to Earnings (P/E)	91.29	112.40	111.56
Dividend Yield	0.00%	0.00%	0.00%
Earnings Yield	1.10%	0.89%	0.90%
Enterprise Value to Invested Capital (EV/IC)	1.46	1.60	1.34
Enterprise Value to Revenue (EV/Rev)	12.09	11.67	10.85
Enterprise Value to EBITDA (EV/EBITDA)	22.68	21.32	20.01
Enterprise Value to EBIT (EV/EBIT)	42.51	41.22	45.87
Enterprise Value to NOPAT (EV/NOPAT)	56.73	54.26	70.12
Enterprise Value to Operating Cash Flow (EV/OCF)	17.43	14.69	18.21
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	45.64	0.00
Leverage & Solvency	-	-	-
Debt to Equity	0.38	0.40	0.40
Long-Term Debt to Equity	0.38	0.40	0.40
Financial Leverage	-0.29	-0.32	-0.31
Leverage Ratio	1.57	1.58	1.59
Compound Leverage Factor	1.12	0.86	1.00
Debt to Total Capital	27.60%	28.52%	28.67%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	27.60%	28.52%	28.67%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	7.10%	5.34%	5.95%
Common Equity to Total Capital	65.30%	66.15%	65.38%
Debt to EBITDA	8.03	7.86	8.78
Net Debt to EBITDA	-5.55	-6.38	-6.86
Long-Term Debt to EBITDA	8.03	7.86	8.78
Debt to NOPAT	20.08	20.02	30.77
Net Debt to NOPAT	-13.88	-16.23	-24.04
Long-Term Debt to NOPAT	20.08	20.02	30.77
Altman Z-Score	2.37	2.42	2.26
Noncontrolling Interest Sharing Ratio	8.67%	7.90%	7.58%
Liquidity Ratios	-	-	-
Current Ratio	24.89	19.07	29.92
Quick Ratio	24.89	19.03	29.92
Cash Flow Metrics	-	-	-
Free Cash Flow to Firm (FCFF)	-33	11	-6.57
Operating Cash Flow to CapEx	56.87%	294.36%	83.79%
Free Cash Flow to Firm to Interest Expense	-10.63	2.46	-2.16
Operating Cash Flow to Interest Expense	9.20	7.64	7.34
Operating Cash Flow Less CapEx to Interest Expense	-6.98	5.05	-1.42
Efficiency Ratios	-	-	-
Asset Turnover	0.06	0.06	0.05
Accounts Receivable Turnover	34.84	37.53	38.27
Inventory Turnover	0.00	0.00	0.00
Fixed Asset Turnover	0.11	0.11	0.10
Accounts Payable Turnover	0.00	0.00	0.00
Days Sales Outstanding (DSO)	10.48	9.73	9.54
Days Inventory Outstanding (DIO)	0.00	0.00	0.00
Days Payable Outstanding (DPO)	0.00	0.00	0.00
Cash Conversion Cycle (CCC)	10.48	9.73	9.54
Capital & Investment Metrics	-	-	-
Invested Capital	345	303	305
Invested Capital Turnover	0.13	0.14	0.13
Increase / (Decrease) in Invested Capital	42	-1.69	12
Enterprise Value (EV)	505	484	407
Market Capitalization	583	596	509
Book Value per Share	$22.23	$43.74	$43.06
Tangible Book Value per Share	$22.23	$43.74	$43.06
Total Capital	648	627	623
Total Debt	179	179	179
Total Long-Term Debt	179	179	179
Net Debt	-124	-145	-139
Capital Expenditures (CapEx)	51	11	27
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-4.67	-6.95	-4.81
Debt-free Net Working Capital (DFNWC)	144	151	173
Net Working Capital (NWC)	144	151	173
Net Nonoperating Expense (NNE)	2.45	4.05	1.76
Net Nonoperating Obligations (NNO)	-124	-145	-139
Total Depreciation and Amortization (D&A)	10	11	11
Debt-free, Cash-free Net Working Capital to Revenue	-11.19%	-16.74%	-12.82%
Debt-free Net Working Capital to Revenue	344.58%	362.85%	460.75%
Net Working Capital to Revenue	344.58%	362.85%	460.75%
Earnings Adjustments	-	-	-
Adjusted Basic Earnings per Share	$0.34	$0.28	$0.25
Adjusted Weighted Average Basic Shares Outstanding	18.88M	18.84M	18.77M
Adjusted Diluted Earnings per Share	$0.34	$0.28	$0.24
Adjusted Weighted Average Diluted Shares Outstanding	18.97M	18.92M	18.87M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	19.09M	19.00M	18.97M
Normalized Net Operating Profit after Tax (NOPAT)	8.91	8.93	5.80
Normalized NOPAT Margin	21.32%	21.51%	15.48%
Pre Tax Income Margin	20.32%	15.41%	14.88%
Debt Service Ratios	-	-	-
EBIT to Interest Expense	3.77	2.72	2.91
NOPAT to Interest Expense	2.83	2.07	1.91
EBIT Less CapEx to Interest Expense	-12.41	0.13	-5.84
NOPAT Less CapEx to Interest Expense	-13.35	-0.53	-6.85
Payout Ratios	-	-	-
Dividend Payout Ratio	49.95%	65.34%	283.47%
Augmented Payout Ratio	49.95%	106.31%	283.47%

This table displays calculated financial ratios and metrics derived from FRP's official financial filings.

Metric	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	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	4.22%	0.40%	-2.05%	0.19%	2.57%	13.96%	11.09%	16.16%	17.30%	9.69%
EBITDA Growth	0.07%	-0.26%	-3.77%	-4.00%	2.99%	19.43%	13.05%	12.81%	59.71%	5.34%
EBIT Growth	-3.96%	6.49%	1.99%	0.63%	18.84%	45.48%	33.83%	36.58%	949.03%	171.86%
NOPAT Growth	-4.79%	15.83%	2.36%	17.70%	32.67%	60.87%	7.99%	123.27%	989.87%	125.97%
Net Income Growth	-41.53%	25.48%	318.50%	228.82%	7.77%	186.20%	-15.46%	0.50%	382.09%	439.82%
EPS Growth	-40.00%	0.00%	266.67%	228.82%	7.77%	186.20%	-15.46%	0.50%	382.09%	25.00%
Operating Cash Flow Growth	-38.11%	-19.65%	49.11%	-38.00%	33.69%	80.13%	8.98%	256.70%	56.85%	-19.66%
Free Cash Flow Firm Growth	-1,026.10%	-515.68%	-369.87%	67.65%	141.45%	152.77%	116.85%	-3,246.18%	92.37%	87.55%
Invested Capital Growth	13.99%	13.29%	2.33%	1.65%	-0.55%	-2.29%	0.00%	3.61%	4.23%	6.36%
Revenue Q/Q Growth	-0.96%	1.49%	3.39%	0.28%	-4.59%	-0.98%	5.75%	2.66%	6.00%	-3.47%
EBITDA Q/Q Growth	-1.09%	5.13%	-0.80%	-2.99%	-1.41%	1.43%	-1.03%	4.07%	14.32%	-3.98%
EBIT Q/Q Growth	0.58%	9.33%	-2.15%	-10.75%	11.54%	4.70%	-3.46%	5.41%	36.53%	-3.68%
NOPAT Q/Q Growth	6.02%	20.62%	-11.99%	-15.41%	28.98%	6.59%	1.20%	-4.65%	56.40%	-28.45%
Net Income Q/Q Growth	22.34%	-33.03%	54.23%	-53.73%	162.51%	123.37%	21.18%	-84.83%	597.14%	-34.02%
EPS Q/Q Growth	28.57%	-36.36%	57.14%	-53.73%	162.51%	123.37%	21.18%	-84.83%	597.14%	-28.57%
Operating Cash Flow Q/Q Growth	19.93%	-48.08%	319.00%	-76.28%	55.69%	-3.65%	74.23%	-48.85%	109.78%	-41.71%
Free Cash Flow Firm Q/Q Growth	-4.97%	-637.02%	-81.72%	-165.87%	-52.88%	378.49%	121.78%	15.60%	40.02%	-52.79%
Invested Capital Q/Q Growth	0.43%	10.38%	0.24%	2.57%	-0.18%	-0.29%	-0.43%	0.35%	-1.92%	2.04%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
EBITDA Margin	53.66%	53.73%	51.87%	54.06%	55.88%	54.08%	52.80%	56.42%	55.65%	51.60%
Operating Margin	27.72%	28.99%	26.92%	28.44%	31.50%	27.34%	25.87%	28.22%	27.58%	19.89%
EBIT Margin	29.45%	28.99%	26.92%	28.44%	31.95%	27.33%	25.85%	28.32%	27.58%	21.41%
Profit (Net Income) Margin	16.02%	12.97%	19.65%	13.17%	28.55%	10.38%	4.60%	4.01%	27.17%	4.13%
Tax Burden Percent	85.50%	76.36%	69.21%	76.95%	82.36%	70.18%	68.91%	66.02%	72.72%	68.33%
Interest Burden Percent	63.62%	58.58%	105.50%	60.20%	108.49%	54.09%	25.82%	21.47%	135.48%	28.24%
Effective Tax Rate	14.50%	23.64%	30.79%	23.05%	17.64%	29.82%	31.09%	33.98%	27.28%	31.67%
Return on Invested Capital (ROIC)	3.05%	2.83%	2.50%	2.95%	3.54%	2.58%	2.34%	2.41%	2.52%	1.62%
ROIC Less NNEP Spread (ROIC-NNEP)	3.66%	3.56%	2.42%	3.58%	3.36%	3.31%	3.42%	3.51%	2.00%	2.33%
Return on Net Nonoperating Assets (RNNOA)	-1.07%	-1.03%	-0.76%	-1.11%	-1.07%	-0.97%	-1.03%	-1.08%	-0.63%	-0.68%
Return on Equity (ROE)	1.98%	1.79%	1.74%	1.84%	2.47%	1.61%	1.31%	1.33%	1.89%	0.94%
Cash Return on Invested Capital (CROIC)	-10.33%	-9.64%	0.58%	1.30%	3.49%	4.91%	2.38%	-1.24%	-2.20%	-5.10%
Operating Return on Assets (OROA)	1.71%	1.68%	1.58%	1.68%	1.88%	1.64%	1.50%	1.60%	1.50%	1.14%
Return on Assets (ROA)	0.93%	0.75%	1.15%	0.78%	1.68%	0.62%	0.27%	0.23%	1.48%	0.22%
Return on Common Equity (ROCE)	1.81%	1.64%	1.61%	1.69%	2.28%	1.49%	1.22%	1.23%	1.75%	0.88%
Return on Equity Simple (ROE_SIMPLE)	0.00%	1.82%	1.76%	1.40%	0.00%	1.14%	0.97%	0.99%	0.00%	0.11%
Net Operating Profit after Tax (NOPAT)	2.50	2.35	1.95	2.22	2.62	2.03	1.91	1.88	1.98	1.26
NOPAT Margin	23.70%	22.14%	18.63%	21.88%	25.94%	19.19%	17.83%	18.63%	20.06%	13.59%
Net Nonoperating Expense Percent (NNEP)	-0.60%	-0.74%	0.08%	-0.64%	0.19%	-0.73%	-1.08%	-1.10%	0.51%	-0.71%
Return On Investment Capital (ROIC_SIMPLE)	0.39%	-	-	-	0.42%	-	-	-	0.32%	-
Cost of Revenue to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SG&A Expenses to Revenue	39.26%	39.02%	40.60%	38.58%	35.73%	37.39%	39.56%	34.93%	89.60%	21.16%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	72.28%	71.01%	73.08%	71.56%	68.50%	72.66%	74.13%	71.78%	72.42%	80.11%
Earnings before Interest and Taxes (EBIT)	3.10	3.08	2.82	2.88	3.23	2.90	2.77	2.86	2.72	1.99
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	5.65	5.71	5.43	5.48	5.65	5.73	5.65	5.71	5.48	4.80
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.38	1.35	1.29	1.40	1.44	1.25	1.34	1.34	1.25	1.29
Price to Tangible Book Value (P/TBV)	1.38	1.35	1.29	1.40	1.44	1.25	1.34	1.34	1.25	1.29
Price to Revenue (P/Rev)	13.95	13.74	13.13	14.05	14.36	12.42	13.71	14.12	13.59	14.27
Price to Earnings (P/E)	91.29	74.91	72.48	96.61	112.40	98.97	124.51	123.15	111.56	422.33
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	1.10%	1.34%	1.38%	1.04%	0.89%	1.01%	0.80%	0.81%	0.90%	0.24%
Enterprise Value to Invested Capital (EV/IC)	1.46	1.43	1.40	1.54	1.60	1.33	1.45	1.46	1.34	1.37
Enterprise Value to Revenue (EV/Rev)	12.09	11.88	10.53	11.51	11.67	9.82	11.07	11.46	10.85	11.84
Enterprise Value to EBITDA (EV/EBITDA)	22.68	22.06	19.51	21.25	21.32	17.96	20.45	21.24	20.01	23.33
Enterprise Value to EBIT (EV/EBIT)	42.51	40.90	36.78	40.61	41.22	36.06	42.80	46.24	45.87	66.51
Enterprise Value to NOPAT (EV/NOPAT)	56.73	53.71	48.93	52.73	54.26	50.76	61.11	64.26	70.12	133.16
Enterprise Value to Operating Cash Flow (EV/OCF)	17.43	14.60	12.36	15.33	14.69	13.56	16.77	17.33	18.21	22.43
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	244.28	119.21	45.64	26.85	61.08	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.38	0.38	0.40	0.40	0.40	0.40	0.40	0.40	0.40	0.42
Long-Term Debt to Equity	0.38	0.38	0.40	0.40	0.40	0.40	0.40	0.40	0.40	0.42
Financial Leverage	-0.29	-0.29	-0.31	-0.31	-0.32	-0.29	-0.30	-0.31	-0.31	-0.29
Leverage Ratio	1.57	1.57	1.58	1.57	1.58	1.58	1.58	1.58	1.59	1.59
Compound Leverage Factor	1.00	0.92	1.66	0.95	1.71	0.86	0.41	0.34	2.15	0.45
Debt to Total Capital	27.60%	27.68%	28.38%	28.48%	28.52%	28.65%	28.64%	28.63%	28.67%	29.60%
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%
Long-Term Debt to Total Capital	27.60%	27.68%	28.38%	28.48%	28.52%	28.65%	28.64%	28.63%	28.67%	29.60%
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%
Noncontrolling Interests to Total Capital	7.10%	7.16%	5.08%	5.22%	5.34%	5.48%	5.63%	5.77%	5.95%	4.39%
Common Equity to Total Capital	65.30%	65.16%	66.54%	66.30%	66.15%	65.87%	65.73%	65.60%	65.38%	66.02%
Debt to EBITDA	8.03	8.03	8.02	7.94	7.86	7.92	8.26	8.51	8.78	9.76
Net Debt to EBITDA	-5.55	-5.53	-6.26	-6.13	-6.38	-6.27	-6.49	-6.64	-6.86	-6.23
Long-Term Debt to EBITDA	8.03	8.03	8.02	7.94	7.86	7.92	8.26	8.51	8.78	9.76
Debt to NOPAT	20.08	19.55	20.11	19.72	20.02	22.38	24.68	25.76	30.77	55.74
Net Debt to NOPAT	-13.88	-13.46	-15.70	-15.22	-16.23	-17.71	-19.41	-20.10	-24.04	-35.59
Long-Term Debt to NOPAT	20.08	19.55	20.11	19.72	20.02	22.38	24.68	25.76	30.77	55.74
Altman Z-Score	2.33	2.29	2.26	2.38	2.38	2.24	2.33	2.34	2.23	2.24
Noncontrolling Interest Sharing Ratio	8.67%	8.82%	7.49%	7.69%	7.90%	6.97%	7.16%	7.33%	7.58%	6.62%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	24.89	24.18	19.68	40.19	19.07	35.55	53.70	51.82	29.92	28.88
Quick Ratio	24.89	24.18	19.68	40.19	19.03	35.55	53.70	51.82	29.92	28.88
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-40	-38	-5.16	-2.84	4.31	9.14	1.91	-8.77	-10	-17
Operating Cash Flow to CapEx	194.01%	18.30%	192.87%	46.83%	186.09%	321.14%	834.12%	394.20%	621.22%	51.30%
Free Cash Flow to Firm to Interest Expense	-59.72	-51.22	-6.22	-3.11	4.05	8.19	1.69	-8.72	-12.52	-23.48
Operating Cash Flow to Interest Expense	11.35	8.52	14.69	3.19	11.51	7.05	7.23	4.66	11.04	5.92
Operating Cash Flow Less CapEx to Interest Expense	5.50	-38.04	7.07	-3.62	5.33	4.85	6.37	3.48	9.26	-5.62
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.06	0.06	0.06	0.06	0.06	0.06	0.06	0.06	0.05	0.05
Accounts Receivable Turnover	34.84	23.57	17.97	30.42	37.53	25.68	19.05	31.90	38.27	28.58
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	0.11	0.11	0.11	0.11	0.11	0.11	0.11	0.11	0.10	0.10
Accounts Payable Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Sales Outstanding (DSO)	10.48	15.49	20.32	12.00	9.73	14.21	19.16	11.44	9.54	12.77
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Cash Conversion Cycle (CCC)	10.48	15.49	20.32	12.00	9.73	14.21	19.16	11.44	9.54	12.77
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	345	344	312	311	303	304	304	306	305	311
Invested Capital Turnover	0.13	0.13	0.13	0.13	0.14	0.13	0.13	0.13	0.13	0.12
Increase / (Decrease) in Invested Capital	42	40	7.11	5.06	-1.69	-7.11	-0.00	11	12	19
Enterprise Value (EV)	505	491	435	478	484	405	442	446	407	426
Market Capitalization	583	568	542	583	596	512	548	549	509	514
Book Value per Share	$22.23	$22.12	$22.04	$43.80	$43.74	$43.26	$43.08	$43.14	$43.06	$42.12
Tangible Book Value per Share	$22.23	$22.12	$22.04	$43.80	$43.74	$43.26	$43.08	$43.14	$43.06	$42.12
Total Capital	648	646	630	628	627	624	624	624	623	603
Total Debt	179	179	179	179	179	179	179	179	179	179
Total Long-Term Debt	179	179	179	179	179	179	179	179	179	179
Net Debt	-124	-123	-140	-138	-145	-141	-140	-139	-139	-114
Capital Expenditures (CapEx)	3.91	35	6.31	6.21	6.58	2.45	0.98	1.19	1.48	8.52
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-4.67	-4.23	-6.24	-2.43	-6.95	-3.04	-0.38	-2.04	-4.81	-3.54
Debt-free Net Working Capital (DFNWC)	144	140	151	150	151	163	166	171	173	141
Net Working Capital (NWC)	144	140	151	150	151	163	166	171	173	141
Net Nonoperating Expense (NNE)	0.81	0.98	-0.11	0.88	-0.26	0.93	1.41	1.48	-0.70	0.88
Net Nonoperating Obligations (NNO)	-124	-123	-140	-138	-145	-141	-140	-139	-139	-114
Total Depreciation and Amortization (D&A)	2.55	2.63	2.61	2.60	2.42	2.83	2.88	2.84	2.77	2.81
Debt-free, Cash-free Net Working Capital to Revenue	-11.19%	-10.24%	-15.10%	-5.86%	-16.74%	-7.36%	-0.96%	-5.24%	-12.82%	-9.81%
Debt-free Net Working Capital to Revenue	344.58%	339.67%	364.82%	361.35%	362.85%	395.11%	415.84%	440.40%	460.75%	392.05%
Net Working Capital to Revenue	344.58%	339.67%	364.82%	361.35%	362.85%	395.11%	415.84%	440.40%	460.75%	392.05%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.09	$0.07	$0.11	$0.07	$0.08	$0.07	$0.03	$0.03	$0.08	$0.03
Adjusted Weighted Average Basic Shares Outstanding	18.88M	18.89M	18.88M	18.86M	37.68M	18.85M	18.86M	18.83M	37.54M	18.79M
Adjusted Diluted Earnings per Share	$0.09	$0.07	$0.11	$0.07	$0.08	$0.07	$0.03	$0.03	$0.08	$0.03
Adjusted Weighted Average Diluted Shares Outstanding	18.97M	18.97M	18.95M	18.94M	37.84M	18.92M	18.93M	18.91M	37.74M	18.87M
Adjusted Basic & Diluted Earnings per Share	$0.09	$0.00	$0.00	$0.00	$0.08	$0.00	$0.00	$0.00	$0.08	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	19.09M	19.03M	19.03M	19.02M	19.00M	18.95M	18.99M	19.03M	18.97M	18.91M
Normalized Net Operating Profit after Tax (NOPAT)	2.50	2.35	1.95	2.22	2.62	2.03	1.91	1.88	1.98	1.26
Normalized NOPAT Margin	23.70%	22.14%	18.63%	21.88%	25.94%	19.19%	17.83%	18.63%	20.06%	13.59%
Pre Tax Income Margin	18.74%	16.98%	28.40%	17.12%	34.67%	14.79%	6.68%	6.08%	37.36%	6.05%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	4.64	4.16	3.40	3.16	3.03	2.59	2.45	2.85	3.27	2.70
NOPAT to Interest Expense	3.74	3.17	2.35	2.43	2.46	1.82	1.69	1.87	2.38	1.71
EBIT Less CapEx to Interest Expense	-1.21	-42.40	-4.21	-3.65	-3.15	0.40	1.58	1.67	1.50	-8.84
NOPAT Less CapEx to Interest Expense	-2.11	-43.38	-5.26	-4.38	-3.72	-0.37	0.82	0.69	0.60	-9.83
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	49.95%	41.25%	40.58%	51.78%	65.34%	256.14%	298.26%	287.33%	283.47%	639.67%
Augmented Payout Ratio	49.95%	41.25%	54.13%	51.78%	106.31%	298.93%	323.52%	287.33%	283.47%	639.67%

Frequently Asked Questions About FRP's Financials

When does FRP's fiscal year end?

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

How has FRP's net income changed over the last 2 years?

FRP's net income appears to be on an upward trend, with a most recent value of $6.46 million in 2024, rising from $4.05 million in 2022. The previous period was $4.88 million in 2023.

What is FRP's operating income?

FRP's total operating income in 2024 was $11.70 million, based on the following breakdown:

Total Gross Profit: $41.77 million
Total Operating Expenses: $30.07 million

How has FRP revenue changed over the last 2 years?

Over the last 2 years, FRP's total revenue changed from $37.48 million in 2022 to $41.77 million in 2024, a change of 11.5%.

How much debt does FRP have?

FRP's total liabilities were at $259.37 million at the end of 2024, a 0.7% decrease from 2023, and a 1.0% increase since 2022.

How much cash does FRP have?

In the past 2 years, FRP's cash and equivalents has ranged from $148.62 million in 2024 to $177.50 million in 2022, and is currently $148.62 million as of their latest financial filing in 2024.

How has FRP's book value per share changed over the last 2 years?

Over the last 2 years, FRP's book value per share changed from 43.06 in 2022 to 22.23 in 2024, a change of -48.4%.

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This page (NASDAQ:FRPH) was last updated on 5/31/2025 by MarketBeat.com Staff

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FRP (FRPH) Financials

Frequently Asked Questions About FRP's Financials

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FRP (FRPH) Financials

Annual Income Statements for FRP

Quarterly Income Statements for FRP

Annual Cash Flow Statements for FRP

Quarterly Cash Flow Statements for FRP

Annual Balance Sheets for FRP

Quarterly Balance Sheets for FRP

Annual Metrics And Ratios for FRP

Quarterly Metrics And Ratios for FRP

Frequently Asked Questions About FRP's Financials

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