FRP (FRPH) Financials

$21.96 +0.55 (+2.56%)

As of 12:50 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	2022	2023	2024
Period end date	12/31/2022	12/31/2023	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	4.57	5.30	6.39
Consolidated Net Income / (Loss)	4.05	4.88	6.46
Net Income / (Loss) Continuing Operations	4.05	4.88	6.46
Total Pre-Tax Income	5.58	6.40	8.49
Total Operating Income	8.00	12	12
Total Gross Profit	37	42	42
Total Revenue	37	42	42
Operating Revenue	37	42	42
Total Cost of Revenue	0.00	0.00	0.00
Total Operating Expenses	29	30	30
Selling, General & Admin Expense	14	15	16
Depreciation Expense	11	11	10
Other Operating Expenses / (Income)	4.13	3.65	3.44
Total Other Income / (Expense), net	-2.42	-5.30	-3.22
Interest Expense	3.05	4.32	3.15
Interest & Investment Income	-0.25	-1.04	-0.25
Other Income / (Expense), net	0.87	0.05	0.18
Income Tax Expense	1.53	1.52	2.03
Net Income / (Loss) Attributable to Noncontrolling Interest	-0.52	-0.42	0.08
Basic Earnings per Share	$0.24	$0.28	$0.34
Weighted Average Basic Shares Outstanding	18.77M	18.84M	18.88M
Diluted Earnings per Share	$0.24	$0.28	$0.34
Weighted Average Diluted Shares Outstanding	18.87M	18.92M	18.97M
Weighted Average Basic & Diluted Shares Outstanding	9.48M	9.50M	19.09M

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

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	0.48	2.76	0.57	0.60	1.26	2.88	1.30	2.04	1.36	1.68
Consolidated Net Income / (Loss)	0.38	2.68	0.41	0.49	1.10	2.89	1.34	2.06	1.38	1.69
Net Income / (Loss) Continuing Operations	0.38	2.68	0.41	0.49	1.10	2.89	1.34	2.06	1.38	1.69
Total Pre-Tax Income	0.56	3.68	0.62	0.71	1.57	3.50	1.74	2.98	1.81	1.97
Total Operating Income	1.85	2.72	2.85	2.77	2.90	3.18	2.88	2.82	3.08	2.92
Total Gross Profit	9.29	9.85	10	11	11	10	10	10	11	11
Total Revenue	9.29	9.85	10	11	11	10	10	10	11	11
Operating Revenue	9.29	9.85	10	11	11	10	10	10	11	11
Total Operating Expenses	7.45	7.14	7.26	7.93	7.70	6.92	7.25	7.66	7.55	7.61
Selling, General & Admin Expense	1.97	8.83	3.53	4.23	3.96	3.61	3.91	4.25	4.15	4.13
Other Operating Expenses / (Income)	2.73	-4.40	0.95	0.88	0.92	0.91	0.81	0.86	0.85	0.92
Total Other Income / (Expense), net	-1.29	0.96	-2.24	-2.05	-1.33	0.32	-1.15	0.16	-1.28	-0.95
Interest Expense	0.74	0.83	1.01	1.13	1.12	1.06	0.91	0.83	0.74	0.67
Interest & Investment Income	-0.69	1.79	-1.24	-0.92	-0.21	1.34	-0.24	0.98	-0.54	-0.46
Other Income / (Expense), net	0.14	-	0.01	-0.00	-0.00	0.05	0.00	0.00	0.00	0.18
Income Tax Expense	0.18	1.00	0.21	0.22	0.47	0.62	0.40	0.92	0.43	0.29
Net Income / (Loss) Attributable to Noncontrolling Interest	-0.10	-0.08	-0.16	-0.11	-0.16	0.01	0.03	0.02	0.02	0.01
Basic Earnings per Share	$0.05	$0.15	$0.03	$0.03	$0.07	$0.15	$0.07	$0.11	$0.07	$0.09
Weighted Average Basic Shares Outstanding	9.40M	18.77M	18.83M	18.86M	18.85M	18.84M	18.86M	18.88M	18.89M	18.88M
Diluted Earnings per Share	$0.05	$0.15	$0.03	$0.03	$0.07	$0.15	$0.07	$0.11	$0.07	$0.09
Weighted Average Diluted Shares Outstanding	9.43M	18.87M	18.91M	18.93M	18.92M	18.92M	18.94M	18.95M	18.97M	18.97M
Basic & Diluted Earnings per Share	-	$0.15	-	-	-	$0.15	-	-	-	$0.09
Weighted Average Basic & Diluted Shares Outstanding	9.46M	9.48M	9.51M	9.50M	9.48M	9.50M	19.02M	19.03M	19.03M	19.09M
Cash Dividends to Common per Share	-	$0.51	-	-	-	$0.04	-	-	-	$0.04

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	2022	2023	2024
Period end date	12/31/2022	12/31/2023	12/31/2024
Net Change in Cash & Equivalents	16	-20	-8.94
Net Cash From Operating Activities	22	33	29
Net Cash From Continuing Operating Activities	22	33	29
Net Income / (Loss) Continuing Operations	4.05	4.88	6.46
Consolidated Net Income / (Loss)	4.05	4.88	6.46
Depreciation Expense	11	11	10
Non-Cash Adjustments To Reconcile Net Income	6.39	14	13
Changes in Operating Assets and Liabilities, net	0.44	3.45	-0.97
Net Cash From Investing Activities	-23	-49	-51
Net Cash From Continuing Investing Activities	-23	-49	-51
Purchase of Property, Plant & Equipment	-28	-11	-51
Acquisitions	-22	-47	-16
Sale of Property, Plant & Equipment	0.96	0.02	0.22
Sale and/or Maturity of Investments	25	9.21	17
Other Investing Activities, net	-0.05	-0.06	-0.46
Net Cash From Financing Activities	17	-4.17	13
Net Cash From Continuing Financing Activities	17	-4.17	13
Repurchase of Common Equity	0.00	-2.00	0.00
Payment of Dividends	-11	-3.19	-3.23
Issuance of Common Equity	28	1.02	16
Cash Interest Paid	2.89	4.17	2.97
Cash Income Taxes Paid	-1.76	0.93	2.79

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	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024
Net Change in Cash & Equivalents	-14	33	-4.20	-6.76	-0.51	-8.47	-5.07	4.45	-12	3.94
Net Cash From Operating Activities	4.37	9.16	4.69	8.17	7.87	12	2.91	12	6.32	7.58
Net Cash From Continuing Operating Activities	4.37	9.16	4.69	8.17	7.87	12	2.91	12	6.32	7.58
Net Income / (Loss) Continuing Operations	0.38	2.68	0.41	0.49	1.10	2.89	1.34	2.06	1.38	1.69
Consolidated Net Income / (Loss)	0.38	2.68	0.41	0.49	1.10	2.89	1.34	2.06	1.38	1.69
Depreciation Expense	2.81	2.77	2.84	2.88	2.83	2.42	2.60	2.61	2.63	2.55
Non-Cash Adjustments To Reconcile Net Income	1.99	0.74	3.93	4.93	3.19	1.62	3.34	3.68	3.15	2.94
Changes in Operating Assets and Liabilities, net	-0.81	2.98	-2.49	-0.13	0.75	5.33	-4.36	3.82	-0.83	0.41
Net Cash From Investing Activities	-18	5.01	-8.76	-13	-6.63	-20	-7.23	-6.99	-33	-3.65
Net Cash From Continuing Investing Activities	-18	5.01	-8.76	-13	-6.63	-20	-7.23	-6.99	-33	-3.65
Purchase of Property, Plant & Equipment	-8.73	-1.48	-1.21	-0.98	-2.45	-6.58	-6.21	-6.31	-35	-4.11
Acquisitions	-17	-0.74	-13	-14	-5.01	-15	-7.77	-7.08	0.63	-2.15
Sale of Property, Plant & Equipment	0.21	0.00	0.02	-	-0.00	-	0.00	-	0.03	0.20
Sale and/or Maturity of Investments	6.65	7.44	4.99	1.91	0.66	1.65	6.55	7.23	0.65	2.75
Other Investing Activities, net	0.18	-0.22	0.21	-0.24	0.18	-0.21	0.21	-0.84	0.51	-0.33
Net Cash From Financing Activities	-0.59	19	-0.13	-1.75	-1.75	-0.53	-0.75	-0.74	14	0.00
Net Cash From Continuing Financing Activities	-0.59	19	-0.13	-1.75	-1.75	-0.53	-0.75	-0.74	14	0.00
Payment of Dividends	-0.59	-9.54	-0.93	-0.75	-0.75	-0.75	-0.75	-0.74	-0.92	-0.82
Issuance of Common Equity	-	28	0.80	-	-	0.22	0.00	-	15	0.83
Cash Interest Paid	0.74	0.68	1.00	1.13	1.12	0.92	0.90	0.82	0.73	0.51
Cash Income Taxes Paid	-	-0.03	0.00	0.53	0.09	0.31	0.00	0.37	1.70	0.72

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	2022	2023	2024
Period end date	12/31/2022	12/31/2023	12/31/2024
Total Assets	701	709	728
Total Current Assets	179	159	150
Cash & Equivalents	177	158	149
Accounts Receivable	1.17	1.05	1.35
Current Deferred & Refundable Income Taxes	0.00	0.34	0.00
Plant, Property, & Equipment, net	367	367	407
Plant, Property & Equipment, gross	424	435	485
Accumulated Depreciation	57	68	78
Total Noncurrent Assets	155	183	171
Long-Term Investments	141	166	154
Other Noncurrent Operating Assets	15	17	17
Total Liabilities & Shareholders' Equity	701	709	728
Total Liabilities	257	261	259
Total Current Liabilities	5.97	8.33	6.03
Accounts Payable	5.97	8.33	6.03
Total Noncurrent Liabilities	251	253	253
Long-Term Debt	179	179	179
Noncurrent Deferred Revenue	0.26	0.93	2.44
Noncurrent Deferred & Payable Income Tax Liabilities	68	69	68
Noncurrent Employee Benefit Liabilities	1.35	1.41	1.47
Other Noncurrent Operating Liabilities	2.77	2.36	2.90
Commitments & Contingencies	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	444	448	469
Total Preferred & Common Equity	407	415	423
Total Common Equity	407	415	423
Common Stock	66	69	71
Retained Earnings	342	346	352
Accumulated Other Comprehensive Income / (Loss)	-1.28	0.04	0.06
Noncontrolling Interest	37	33	46

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

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

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

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

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	9.69%	17.30%	16.16%	11.09%	13.96%	2.57%	0.19%	-2.05%	0.40%	4.22%
EBITDA Growth	5.34%	59.71%	12.81%	13.05%	19.43%	2.99%	-4.00%	-3.77%	-0.26%	0.07%
EBIT Growth	171.86%	949.03%	36.58%	33.83%	45.48%	18.84%	0.63%	1.99%	6.49%	-3.96%
NOPAT Growth	125.97%	989.87%	123.27%	7.99%	60.87%	32.67%	17.70%	2.36%	15.83%	-4.79%
Net Income Growth	439.82%	382.09%	0.50%	-15.46%	186.20%	7.77%	228.82%	318.50%	25.48%	-41.53%
EPS Growth	25.00%	382.09%	0.50%	-15.46%	186.20%	7.77%	228.82%	266.67%	0.00%	-40.00%
Operating Cash Flow Growth	-19.66%	56.85%	256.70%	8.98%	80.13%	33.69%	-38.00%	49.11%	-19.65%	-38.11%
Free Cash Flow Firm Growth	87.55%	92.37%	-3,246.18%	116.85%	152.77%	141.45%	67.65%	-369.87%	-515.68%	-1,026.10%
Invested Capital Growth	6.36%	4.23%	3.61%	0.00%	-2.29%	-0.55%	1.65%	2.33%	13.29%	13.99%
Revenue Q/Q Growth	-3.47%	6.00%	2.66%	5.75%	-0.98%	-4.59%	0.28%	3.39%	1.49%	-0.96%
EBITDA Q/Q Growth	-3.98%	14.32%	4.07%	-1.03%	1.43%	-1.41%	-2.99%	-0.80%	5.13%	-1.09%
EBIT Q/Q Growth	-3.68%	36.53%	5.41%	-3.46%	4.70%	11.54%	-10.75%	-2.15%	9.33%	0.58%
NOPAT Q/Q Growth	-28.45%	56.40%	-4.65%	1.20%	6.59%	28.98%	-15.41%	-11.99%	20.62%	6.02%
Net Income Q/Q Growth	-34.02%	597.14%	-84.83%	21.18%	123.37%	162.51%	-53.73%	54.23%	-33.03%	22.34%
EPS Q/Q Growth	-28.57%	597.14%	-84.83%	21.18%	123.37%	162.51%	-53.73%	57.14%	-36.36%	28.57%
Operating Cash Flow Q/Q Growth	-41.71%	109.78%	-48.85%	74.23%	-3.65%	55.69%	-76.28%	319.00%	-48.08%	19.93%
Free Cash Flow Firm Q/Q Growth	-52.79%	40.02%	15.60%	121.78%	378.49%	-52.88%	-165.87%	-81.72%	-637.02%	-4.97%
Invested Capital Q/Q Growth	2.04%	-1.92%	0.35%	-0.43%	-0.29%	-0.18%	2.57%	0.24%	10.38%	0.43%
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	51.60%	55.65%	56.42%	52.80%	54.08%	55.88%	54.06%	51.87%	53.73%	53.66%
Operating Margin	19.89%	27.58%	28.22%	25.87%	27.34%	31.50%	28.44%	26.92%	28.99%	27.72%
EBIT Margin	21.41%	27.58%	28.32%	25.85%	27.33%	31.95%	28.44%	26.92%	28.99%	29.45%
Profit (Net Income) Margin	4.13%	27.17%	4.01%	4.60%	10.38%	28.55%	13.17%	19.65%	12.97%	16.02%
Tax Burden Percent	68.33%	72.72%	66.02%	68.91%	70.18%	82.36%	76.95%	69.21%	76.36%	85.50%
Interest Burden Percent	28.24%	135.48%	21.47%	25.82%	54.09%	108.49%	60.20%	105.50%	58.58%	63.62%
Effective Tax Rate	31.67%	27.28%	33.98%	31.09%	29.82%	17.64%	23.05%	30.79%	23.64%	14.50%
Return on Invested Capital (ROIC)	1.62%	2.52%	2.41%	2.34%	2.58%	3.54%	2.95%	2.50%	2.83%	3.05%
ROIC Less NNEP Spread (ROIC-NNEP)	2.33%	2.00%	3.51%	3.42%	3.31%	3.36%	3.58%	2.42%	3.56%	3.66%
Return on Net Nonoperating Assets (RNNOA)	-0.68%	-0.63%	-1.08%	-1.03%	-0.97%	-1.07%	-1.11%	-0.76%	-1.03%	-1.07%
Return on Equity (ROE)	0.94%	1.89%	1.33%	1.31%	1.61%	2.47%	1.84%	1.74%	1.79%	1.98%
Cash Return on Invested Capital (CROIC)	-5.10%	-2.20%	-1.24%	2.38%	4.91%	3.49%	1.30%	0.58%	-9.64%	-10.33%
Operating Return on Assets (OROA)	1.14%	1.50%	1.60%	1.50%	1.64%	1.88%	1.68%	1.58%	1.68%	1.71%
Return on Assets (ROA)	0.22%	1.48%	0.23%	0.27%	0.62%	1.68%	0.78%	1.15%	0.75%	0.93%
Return on Common Equity (ROCE)	0.88%	1.75%	1.23%	1.22%	1.49%	2.28%	1.69%	1.61%	1.64%	1.81%
Return on Equity Simple (ROE_SIMPLE)	0.11%	0.00%	0.99%	0.97%	1.14%	0.00%	1.40%	1.76%	1.82%	0.00%
Net Operating Profit after Tax (NOPAT)	1.26	1.98	1.88	1.91	2.03	2.62	2.22	1.95	2.35	2.50
NOPAT Margin	13.59%	20.06%	18.63%	17.83%	19.19%	25.94%	21.88%	18.63%	22.14%	23.70%
Net Nonoperating Expense Percent (NNEP)	-0.71%	0.51%	-1.10%	-1.08%	-0.73%	0.19%	-0.64%	0.08%	-0.74%	-0.60%
Return On Investment Capital (ROIC_SIMPLE)	-	0.32%	-	-	-	0.42%	-	-	-	0.39%
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	21.16%	89.60%	34.93%	39.56%	37.39%	35.73%	38.58%	40.60%	39.02%	39.26%
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	80.11%	72.42%	71.78%	74.13%	72.66%	68.50%	71.56%	73.08%	71.01%	72.28%
Earnings before Interest and Taxes (EBIT)	1.99	2.72	2.86	2.77	2.90	3.23	2.88	2.82	3.08	3.10
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	4.80	5.48	5.71	5.65	5.73	5.65	5.48	5.43	5.71	5.65
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.29	1.25	1.34	1.34	1.25	1.44	1.40	1.29	1.35	1.38
Price to Tangible Book Value (P/TBV)	1.29	1.25	1.34	1.34	1.25	1.44	1.40	1.29	1.35	1.38
Price to Revenue (P/Rev)	14.27	13.59	14.12	13.71	12.42	14.36	14.05	13.13	13.74	13.95
Price to Earnings (P/E)	422.33	111.56	123.15	124.51	98.97	112.40	96.61	72.48	74.91	91.29
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.24%	0.90%	0.81%	0.80%	1.01%	0.89%	1.04%	1.38%	1.34%	1.10%
Enterprise Value to Invested Capital (EV/IC)	1.37	1.34	1.46	1.45	1.33	1.60	1.54	1.40	1.43	1.46
Enterprise Value to Revenue (EV/Rev)	11.84	10.85	11.46	11.07	9.82	11.67	11.51	10.53	11.88	12.09
Enterprise Value to EBITDA (EV/EBITDA)	23.33	20.01	21.24	20.45	17.96	21.32	21.25	19.51	22.06	22.68
Enterprise Value to EBIT (EV/EBIT)	66.51	45.87	46.24	42.80	36.06	41.22	40.61	36.78	40.90	42.51
Enterprise Value to NOPAT (EV/NOPAT)	133.16	70.12	64.26	61.11	50.76	54.26	52.73	48.93	53.71	56.73
Enterprise Value to Operating Cash Flow (EV/OCF)	22.43	18.21	17.33	16.77	13.56	14.69	15.33	12.36	14.60	17.43
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	61.08	26.85	45.64	119.21	244.28	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.42	0.40	0.40	0.40	0.40	0.40	0.40	0.40	0.38	0.38
Long-Term Debt to Equity	0.42	0.40	0.40	0.40	0.40	0.40	0.40	0.40	0.38	0.38
Financial Leverage	-0.29	-0.31	-0.31	-0.30	-0.29	-0.32	-0.31	-0.31	-0.29	-0.29
Leverage Ratio	1.59	1.59	1.58	1.58	1.58	1.58	1.57	1.58	1.57	1.57
Compound Leverage Factor	0.45	2.15	0.34	0.41	0.86	1.71	0.95	1.66	0.92	1.00
Debt to Total Capital	29.60%	28.67%	28.63%	28.64%	28.65%	28.52%	28.48%	28.38%	27.68%	27.60%
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	29.60%	28.67%	28.63%	28.64%	28.65%	28.52%	28.48%	28.38%	27.68%	27.60%
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	4.39%	5.95%	5.77%	5.63%	5.48%	5.34%	5.22%	5.08%	7.16%	7.10%
Common Equity to Total Capital	66.02%	65.38%	65.60%	65.73%	65.87%	66.15%	66.30%	66.54%	65.16%	65.30%
Debt to EBITDA	9.76	8.78	8.51	8.26	7.92	7.86	7.94	8.02	8.03	8.03
Net Debt to EBITDA	-6.23	-6.86	-6.64	-6.49	-6.27	-6.38	-6.13	-6.26	-5.53	-5.55
Long-Term Debt to EBITDA	9.76	8.78	8.51	8.26	7.92	7.86	7.94	8.02	8.03	8.03
Debt to NOPAT	55.74	30.77	25.76	24.68	22.38	20.02	19.72	20.11	19.55	20.08
Net Debt to NOPAT	-35.59	-24.04	-20.10	-19.41	-17.71	-16.23	-15.22	-15.70	-13.46	-13.88
Long-Term Debt to NOPAT	55.74	30.77	25.76	24.68	22.38	20.02	19.72	20.11	19.55	20.08
Altman Z-Score	2.24	2.23	2.34	2.33	2.24	2.38	2.38	2.26	2.29	2.33
Noncontrolling Interest Sharing Ratio	6.62%	7.58%	7.33%	7.16%	6.97%	7.90%	7.69%	7.49%	8.82%	8.67%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	28.88	29.92	51.82	53.70	35.55	19.07	40.19	19.68	24.18	24.89
Quick Ratio	28.88	29.92	51.82	53.70	35.55	19.03	40.19	19.68	24.18	24.89
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-17	-10	-8.77	1.91	9.14	4.31	-2.84	-5.16	-38	-40
Operating Cash Flow to CapEx	51.30%	621.22%	394.20%	834.12%	321.14%	186.09%	46.83%	192.87%	18.30%	194.01%
Free Cash Flow to Firm to Interest Expense	-23.48	-12.52	-8.72	1.69	8.19	4.05	-3.11	-6.22	-51.22	-59.72
Operating Cash Flow to Interest Expense	5.92	11.04	4.66	7.23	7.05	11.51	3.19	14.69	8.52	11.35
Operating Cash Flow Less CapEx to Interest Expense	-5.62	9.26	3.48	6.37	4.85	5.33	-3.62	7.07	-38.04	5.50
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.05	0.05	0.06	0.06	0.06	0.06	0.06	0.06	0.06	0.06
Accounts Receivable Turnover	28.58	38.27	31.90	19.05	25.68	37.53	30.42	17.97	23.57	34.84
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	0.10	0.10	0.11	0.11	0.11	0.11	0.11	0.11	0.11	0.11
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)	12.77	9.54	11.44	19.16	14.21	9.73	12.00	20.32	15.49	10.48
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)	12.77	9.54	11.44	19.16	14.21	9.73	12.00	20.32	15.49	10.48
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	311	305	306	304	304	303	311	312	344	345
Invested Capital Turnover	0.12	0.13	0.13	0.13	0.13	0.14	0.13	0.13	0.13	0.13
Increase / (Decrease) in Invested Capital	19	12	11	-0.00	-7.11	-1.69	5.06	7.11	40	42
Enterprise Value (EV)	426	407	446	442	405	484	478	435	491	505
Market Capitalization	514	509	549	548	512	596	583	542	568	583
Book Value per Share	$42.12	$43.06	$43.14	$43.08	$43.26	$43.74	$43.80	$22.04	$22.12	$22.23
Tangible Book Value per Share	$42.12	$43.06	$43.14	$43.08	$43.26	$43.74	$43.80	$22.04	$22.12	$22.23
Total Capital	603	623	624	624	624	627	628	630	646	648
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	-114	-139	-139	-140	-141	-145	-138	-140	-123	-124
Capital Expenditures (CapEx)	8.52	1.48	1.19	0.98	2.45	6.58	6.21	6.31	35	3.91
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-3.54	-4.81	-2.04	-0.38	-3.04	-6.95	-2.43	-6.24	-4.23	-4.67
Debt-free Net Working Capital (DFNWC)	141	173	171	166	163	151	150	151	140	144
Net Working Capital (NWC)	141	173	171	166	163	151	150	151	140	144
Net Nonoperating Expense (NNE)	0.88	-0.70	1.48	1.41	0.93	-0.26	0.88	-0.11	0.98	0.81
Net Nonoperating Obligations (NNO)	-114	-139	-139	-140	-141	-145	-138	-140	-123	-124
Total Depreciation and Amortization (D&A)	2.81	2.77	2.84	2.88	2.83	2.42	2.60	2.61	2.63	2.55
Debt-free, Cash-free Net Working Capital to Revenue	-9.81%	-12.82%	-5.24%	-0.96%	-7.36%	-16.74%	-5.86%	-15.10%	-10.24%	-11.19%
Debt-free Net Working Capital to Revenue	392.05%	460.75%	440.40%	415.84%	395.11%	362.85%	361.35%	364.82%	339.67%	344.58%
Net Working Capital to Revenue	392.05%	460.75%	440.40%	415.84%	395.11%	362.85%	361.35%	364.82%	339.67%	344.58%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.03	$0.08	$0.03	$0.03	$0.07	$0.08	$0.07	$0.11	$0.07	$0.09
Adjusted Weighted Average Basic Shares Outstanding	18.79M	37.54M	18.83M	18.86M	18.85M	37.68M	18.86M	18.88M	18.89M	18.88M
Adjusted Diluted Earnings per Share	$0.03	$0.08	$0.03	$0.03	$0.07	$0.08	$0.07	$0.11	$0.07	$0.09
Adjusted Weighted Average Diluted Shares Outstanding	18.87M	37.74M	18.91M	18.93M	18.92M	37.84M	18.94M	18.95M	18.97M	18.97M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.08	$0.00	$0.00	$0.00	$0.08	$0.00	$0.00	$0.00	$0.09
Adjusted Weighted Average Basic & Diluted Shares Outstanding	18.91M	18.97M	19.03M	18.99M	18.95M	19.00M	19.02M	19.03M	19.03M	19.09M
Normalized Net Operating Profit after Tax (NOPAT)	1.26	1.98	1.88	1.91	2.03	2.62	2.22	1.95	2.35	2.50
Normalized NOPAT Margin	13.59%	20.06%	18.63%	17.83%	19.19%	25.94%	21.88%	18.63%	22.14%	23.70%
Pre Tax Income Margin	6.05%	37.36%	6.08%	6.68%	14.79%	34.67%	17.12%	28.40%	16.98%	18.74%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	2.70	3.27	2.85	2.45	2.59	3.03	3.16	3.40	4.16	4.64
NOPAT to Interest Expense	1.71	2.38	1.87	1.69	1.82	2.46	2.43	2.35	3.17	3.74
EBIT Less CapEx to Interest Expense	-8.84	1.50	1.67	1.58	0.40	-3.15	-3.65	-4.21	-42.40	-1.21
NOPAT Less CapEx to Interest Expense	-9.83	0.60	0.69	0.82	-0.37	-3.72	-4.38	-5.26	-43.38	-2.11
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	639.67%	283.47%	287.33%	298.26%	256.14%	65.34%	51.78%	40.58%	41.25%	49.95%
Augmented Payout Ratio	639.67%	283.47%	287.33%	323.52%	298.93%	106.31%	51.78%	54.13%	41.25%	49.95%

Financials Breakdown Chart

Key Financial Trends

Here’s a concise, investor-focused snapshot of FRP Holdings, Inc. (FRPH) using the last four years of quarterly data. The themes below reflect profitability, cash flow, leverage, and capital investment trends observed in the provided statements.

Net income from continuing operations was positive in every 2024 quarter, totaling 1,687,000 (Q4), 1,379,000 (Q3), 2,059,000 (Q2), and 1,335,000 (Q1), signaling stable profitability.
Cash flow from continuing operating activities remained strong in 2024, with CFO of 2,905,000 (Q1), 12,176,000 (Q2), 6,322,000 (Q3), and 7,582,000 (Q4), highlighting solid cash generation.
Gross margins appear effectively 100% for the reported periods since cost of revenue is shown as 0 in several quarters, allowing revenue to translate directly into operating income.
Plant, Property & Equipment net rose from about 370,871,000 (Q1 2024) to 406,293,000 (Q3 2024), signaling ongoing capacity expansion.
Long-term debt remained stable around 178.7–178.8 million through 2023–2024, indicating manageable leverage; total equity grew to about 420.9 million by Q3 2024, aided by a modest equity issuance (825,000 in Q4 2024).
Revenue stayed within a tight range across 2024 quarters (Q1 10.31m, Q2 10.48m, Q3 10.63m, Q4 10.53m), pointing to a steady scale of operations.
Investing activities were consistently negative, reflecting ongoing capital spending (notably a large outflow in Q3 2024 of about 32.8m), which may affect near-term liquidity despite strong operating cash flow.
Net change in cash and equivalents fluctuated quarter-to-quarter (examples: -5.07m in Q1 2024, +4.45m in Q2 2024, -12.25m in Q3 2024, +3.94m in Q4 2024), indicating timing effects from investing/financing activities.
Earnings per share declined in Q4 2024 to 0.09, down from 0.15 in Q4 2023, signaling softer profitability on a per-share basis versus the prior year.

05/14/26 12:15 PM ETAI Generated. May Contain Errors.

FRP Financials - Frequently Asked Questions

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

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. Check out FRP's forecast to explore projected trends and price targets.

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

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%.

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.

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.

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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Financial statements for NASDAQ:FRPH last updated on 4/6/2025 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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FRP (FRPH) 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

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Financials Breakdown Chart

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FRP Financials - Frequently Asked Questions

When does FRP's financial year end?

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

What is FRP's operating income?

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

How much debt does FRP have?

How much cash does FRP have?

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

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