Green Plains (GPRE) Financials

$5.81 +0.23 (+4.12%)

Closing price 04:00 PM Eastern

Extended Trading

$5.95 +0.14 (+2.39%)

As of 07:58 PM Eastern

Annual Income Statements for Green Plains

This table shows Green Plains' 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	-127	-93	-82
Consolidated Net Income / (Loss)	-103	-76	-81
Net Income / (Loss) Continuing Operations	-103	-76	-81
Total Pre-Tax Income	-99	-82	-71
Total Operating Income	-99	-62	-47
Total Gross Profit	113	165	130
Total Revenue	3,663	3,296	2,459
Operating Revenue	3,663	3,296	2,459
Total Cost of Revenue	3,550	3,131	2,328
Operating Cost of Revenue	3,550	3,131	2,328
Total Operating Expenses	212	226	178
Selling, General & Admin Expense	119	133	118
Depreciation Expense	93	98	91
Other Special Charges / (Income)	0.00	-5.27	-31
Total Other Income / (Expense), net	0.25	-21	-24
Interest Expense	33	38	33
Interest & Investment Income	5.28	12	7.56
Other Income / (Expense), net	28	5.23	1.70
Income Tax Expense	4.75	-5.62	6.21
Other Gains / (Losses), net	0.07	0.43	-3.68
Net Income / (Loss) Attributable to Noncontrolling Interest	24	17	1.31
Basic Earnings per Share	($2.29)	($1.59)	($1.29)
Weighted Average Basic Shares Outstanding	55.54M	58.81M	63.80M
Weighted Average Diluted Shares Outstanding	55.54M	58.81M	63.80M
Weighted Average Basic & Diluted Shares Outstanding	59.29M	64.26M	64.73M

This table shows Green Plains' 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	-74	-39	-70	-53	22	7.23	-51	-24	48	-55
Consolidated Net Income / (Loss)	-68	-32	-66	-48	26	12	-51	-24	49	-55
Net Income / (Loss) Continuing Operations	-68	-32	-66	-48	26	12	-51	-24	49	-55
Total Pre-Tax Income	-70	-28	-63	-50	18	12	-50	-23	48	-46
Total Operating Income	-62	-23	-57	-42	21	16	-45	-18	56	-41
Total Gross Profit	-1.88	15	0.69	15	75	74	8.37	38	78	6.15
Total Revenue	955	914	833	858	893	712	597	619	659	584
Operating Revenue	955	914	833	858	893	712	597	619	659	584
Total Cost of Revenue	957	899	832	842	818	639	589	581	581	578
Operating Cost of Revenue	957	899	832	842	818	639	589	581	581	578
Total Operating Expenses	60	38	57	58	54	58	53	56	22	47
Selling, General & Admin Expense	35	11	32	33	35	33	32	34	27	26
Depreciation Expense	25	27	25	25	24	24	21	22	26	21
Total Other Income / (Expense), net	-8.00	-4.61	-6.38	-7.13	-2.80	-4.46	-4.83	-5.66	-7.87	-5.48
Interest Expense	9.58	6.46	9.74	9.74	9.55	8.67	7.79	7.49	10	7.73
Interest & Investment Income	1.76	2.64	3.17	2.77	2.47	3.30	2.51	1.49	1.74	1.82
Other Income / (Expense), net	-0.18	-0.78	0.19	-0.16	4.28	0.92	0.45	0.35	0.48	0.42
Income Tax Expense	-1.89	4.89	3.43	-1.02	-7.76	-0.26	0.33	-0.27	-0.83	6.98
Other Gains / (Losses), net	0.08	0.18	0.10	0.27	0.16	-0.10	-1.08	-0.94	-0.37	-1.30
Net Income / (Loss) Attributable to Noncontrolling Interest	5.62	6.29	4.08	4.28	3.98	4.75	0.29	0.31	0.44	0.27
Basic Earnings per Share	($1.27)	($0.73)	($1.20)	($0.89)	$0.38	$0.12	($0.81)	($0.38)	$0.75	($0.85)
Weighted Average Basic Shares Outstanding	57.68M	55.54M	58.55M	58.87M	58.91M	58.81M	63.34M	63.93M	63.95M	63.80M
Weighted Average Diluted Shares Outstanding	57.68M	55.54M	58.55M	58.87M	67.40M	58.81M	63.34M	63.93M	71.66M	63.80M
Weighted Average Basic & Diluted Shares Outstanding	59.30M	59.29M	59.51M	59.53M	59.51M	64.26M	64.62M	64.66M	64.65M	64.73M

This table details how cash moves in and out of Green Plains' 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	-61	-122	-169
Net Cash From Operating Activities	70	56	-30
Net Cash From Continuing Operating Activities	70	56	-30
Net Income / (Loss) Continuing Operations	-103	-76	-81
Consolidated Net Income / (Loss)	-103	-76	-81
Depreciation Expense	93	98	91
Amortization Expense	3.89	2.69	2.28
Non-Cash Adjustments To Reconcile Net Income	22	12	-14
Changes in Operating Assets and Liabilities, net	55	20	-28
Net Cash From Investing Activities	-105	-107	-62
Net Cash From Continuing Investing Activities	-105	-107	-62
Purchase of Property, Plant & Equipment	-212	-108	-95
Acquisitions	-17	-24	-16
Sale of Property, Plant & Equipment	0.00	25	49
Sale and/or Maturity of Investments	125	0.00	0.00
Other Investing Activities, net	-0.25	0.00	0.00
Net Cash From Financing Activities	-25	-71	-77
Net Cash From Continuing Financing Activities	-25	-71	-77
Repayment of Debt	-1,907	-1,230	-820
Payment of Dividends	-23	-23	-11
Issuance of Debt	1,908	1,191	758
Other Financing Activities, net	-3.81	-9.02	-4.70
Cash Interest Paid	31	35	31
Cash Income Taxes Paid	0.58	1.24	0.49

This table details how cash moves in and out of Green Plains' 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	-92	13	-92	-49	6.38	13	-101	-52	27	-43
Net Cash From Operating Activities	72	104	-117	-51	113	112	-51	-15	63	-27
Net Cash From Continuing Operating Activities	72	104	-117	-51	113	112	-51	-15	63	-27
Net Income / (Loss) Continuing Operations	-68	-32	-66	-48	26	12	-51	-24	49	-55
Consolidated Net Income / (Loss)	-68	-32	-66	-48	26	12	-51	-24	49	-55
Depreciation Expense	25	27	25	25	24	24	21	22	26	21
Amortization Expense	0.76	0.68	0.72	0.81	0.65	0.52	0.61	0.50	0.65	0.52
Non-Cash Adjustments To Reconcile Net Income	14	2.03	4.35	13	-11	5.90	9.19	1.04	-16	-8.20
Changes in Operating Assets and Liabilities, net	101	107	-81	-42	73	69	-31	-14	3.53	14
Net Cash From Investing Activities	-55	-15	-35	-22	-11	-38	-30	-25	21	-27
Net Cash From Continuing Investing Activities	-55	-15	-35	-22	-11	-38	-30	-25	21	-27
Purchase of Property, Plant & Equipment	-55	-29	-33	-16	-29	-30	-22	-18	-28	-27
Sale of Property, Plant & Equipment	-	-	-	-	-	0.30	-	-	-	-0.18
Net Cash From Financing Activities	-109	-76	60	25	-95	-61	-21	-12	-57	12
Net Cash From Continuing Financing Activities	-109	-76	60	25	-95	-61	-21	-12	-57	12
Repayment of Debt	-347	-284	-286	-369	-355	-220	-163	-198	-263	-196
Payment of Dividends	-5.25	-6.06	-5.31	-6.50	-5.66	-5.26	-35	29	-	-5.17
Issuance of Debt	243	213	360	402	266	164	181	157	206	214
Other Financing Activities, net	-0.02	-	-8.40	-0.54	-0.02	-0.06	-4.22	-0.37	-0.02	-0.10
Cash Interest Paid	11	4.76	10	7.62	10	7.00	8.89	5.56	11	5.71
Cash Income Taxes Paid	0.08	0.20	-0.19	0.91	0.07	0.46	-0.01	0.54	0.10	-0.15

This table presents Green Plains' 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	2,123	1,939	1,782
Total Current Assets	929	733	569
Cash & Equivalents	445	350	173
Restricted Cash	56	29	36
Accounts Receivable	109	94	95
Inventories, net	279	216	227
Prepaid Expenses	20	24	27
Other Current Assets	20	20	10
Plant, Property, & Equipment, net	1,029	1,022	1,042
Total Noncurrent Assets	165	185	171
Other Noncurrent Operating Assets	165	185	171
Total Liabilities & Shareholders' Equity	2,123	1,939	1,782
Total Liabilities	1,062	949	908
Total Current Liabilities	487	385	386
Short-Term Debt	140	108	143
Accounts Payable	234	187	155
Accrued Expenses	44	57	54
Other Current Liabilities	69	33	34
Total Noncurrent Liabilities	575	564	522
Long-Term Debt	495	492	432
Other Noncurrent Operating Liabilities	80	72	89
Commitments & Contingencies	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	1,061	990	875
Total Preferred & Common Equity	910	844	865
Total Common Equity	910	844	865
Common Stock	1,110	1,114	1,214
Retained Earnings	-142	-236	-318
Treasury Stock	-31	-31	-31
Accumulated Other Comprehensive Income / (Loss)	-27	-3.16	0.97
Noncontrolling Interest	151	146	9.32

This table presents Green Plains' 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	2,102	2,035	2,023	1,951	1,799	1,764	1,760
Total Current Assets	936	831	816	758	588	552	561
Cash & Equivalents	421	354	313	327	237	196	227
Restricted Cash	67	54	47	39	40	30	25
Accounts Receivable	118	107	132	143	88	99	75
Inventories, net	259	280	258	208	191	188	194
Prepaid Expenses	14	23	21	23	24	21	16
Current Deferred & Refundable Income Taxes	1.07	0.77	1.30	1.10	0.72	1.07	0.74
Other Current Assets	31	12	45	16	7.89	18	24
Plant, Property, & Equipment, net	1,016	1,028	1,025	1,011	1,022	1,019	1,025
Total Noncurrent Assets	150	176	182	182	189	192	173
Other Noncurrent Operating Assets	150	176	182	182	189	192	173
Total Liabilities & Shareholders' Equity	2,102	2,035	2,023	1,951	1,799	1,764	1,760
Total Liabilities	988	1,062	1,097	977	899	883	821
Total Current Liabilities	421	479	514	402	336	328	316
Short-Term Debt	208	215	249	162	132	126	125
Accounts Payable	123	129	105	138	124	109	108
Accrued Expenses	46	47	50	57	50	52	50
Other Current Liabilities	44	89	110	45	31	41	33
Total Noncurrent Liabilities	568	583	583	574	563	554	505
Long-Term Debt	495	495	494	492	490	484	431
Other Noncurrent Operating Liabilities	72	88	90	82	72	71	74
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	1,113	973	926	974	900	881	939
Total Preferred & Common Equity	962	823	778	828	887	867	926
Total Common Equity	962	823	778	828	887	867	926
Common Stock	1,108	1,105	1,108	1,110	1,210	1,213	1,216
Retained Earnings	-104	-213	-265	-243	-287	-312	-263
Treasury Stock	-31	-31	-31	-31	-31	-31	-31
Accumulated Other Comprehensive Income / (Loss)	-11	-38	-33	-8.13	-3.90	-2.81	3.58
Noncontrolling Interest	151	150	148	146	13	13	13

This table displays calculated financial ratios and metrics derived from Green Plains' official financial filings.

Metric	2022	2023	2024
Period end date	12/31/2022	12/31/2023	12/31/2024
Growth Metrics	-	-	-
Revenue Growth	29.56%	-10.02%	-25.39%
EBITDA Growth	-79.62%	76.53%	5.65%
EBIT Growth	-402.68%	21.00%	18.79%
NOPAT Growth	-487.91%	37.77%	22.93%
Net Income Growth	-134.17%	26.19%	-6.41%
EPS Growth	0.00%	0.00%	0.00%
Operating Cash Flow Growth	1,541.76%	-19.17%	-153.18%
Free Cash Flow Firm Growth	-35.32%	53.48%	-7.14%
Invested Capital Growth	4.97%	1.29%	2.44%
Revenue Q/Q Growth	3.15%	-5.77%	-4.96%
EBITDA Q/Q Growth	-52.46%	628.14%	-56.25%
EBIT Q/Q Growth	-78.32%	42.10%	-484.34%
NOPAT Q/Q Growth	-45.22%	38.94%	-588.26%
Net Income Q/Q Growth	-37.97%	36.73%	-458.19%
EPS Q/Q Growth	0.00%	0.00%	0.00%
Operating Cash Flow Q/Q Growth	3,068.87%	15.49%	-127.56%
Free Cash Flow Firm Q/Q Growth	48.31%	-105.10%	-345.25%
Invested Capital Q/Q Growth	-8.32%	-4.04%	-0.21%
Profitability Metrics	-	-	-
Gross Margin	3.08%	5.00%	5.31%
EBITDA Margin	0.69%	1.35%	1.92%
Operating Margin	-2.70%	-1.87%	-1.93%
EBIT Margin	-1.95%	-1.71%	-1.86%
Profit (Net Income) Margin	-2.82%	-2.32%	-3.30%
Tax Burden Percent	104.74%	92.65%	113.87%
Interest Burden Percent	138.36%	146.13%	155.80%
Effective Tax Rate	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	-5.93%	-3.58%	-2.71%
ROIC Less NNEP Spread (ROIC-NNEP)	-45.75%	-22.26%	-19.05%
Return on Net Nonoperating Assets (RNNOA)	-3.62%	-3.86%	-6.00%
Return on Equity (ROE)	-9.56%	-7.44%	-8.71%
Cash Return on Invested Capital (CROIC)	-10.79%	-4.87%	-5.12%
Operating Return on Assets (OROA)	-3.33%	-2.77%	-2.46%
Return on Assets (ROA)	-4.83%	-3.76%	-4.36%
Return on Common Equity (ROCE)	-8.22%	-6.36%	-7.98%
Return on Equity Simple (ROE_SIMPLE)	-11.36%	-9.04%	-9.38%
Net Operating Profit after Tax (NOPAT)	-69	-43	-33
NOPAT Margin	-1.89%	-1.31%	-1.35%
Net Nonoperating Expense Percent (NNEP)	39.81%	18.68%	16.34%
Return On Investment Capital (ROIC_SIMPLE)	-4.08%	-2.71%	-2.29%
Cost of Revenue to Revenue	96.92%	95.00%	94.69%
SG&A Expenses to Revenue	3.25%	4.05%	4.80%
R&D to Revenue	0.00%	0.00%	0.00%
Operating Expenses to Revenue	5.78%	6.87%	7.24%
Earnings before Interest and Taxes (EBIT)	-71	-56	-46
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	25	45	47
Valuation Ratios	-	-	-
Price to Book Value (P/BV)	1.99	1.78	0.71
Price to Tangible Book Value (P/TBV)	1.99	1.78	0.71
Price to Revenue (P/Rev)	0.49	0.46	0.25
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)	1.75	1.54	0.80
Enterprise Value to Revenue (EV/Rev)	0.57	0.57	0.40
Enterprise Value to EBITDA (EV/EBITDA)	82.91	41.90	20.98
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	30.04	33.16	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00
Leverage & Solvency	-	-	-
Debt to Equity	0.60	0.61	0.66
Long-Term Debt to Equity	0.47	0.50	0.49
Financial Leverage	0.08	0.17	0.31
Leverage Ratio	1.98	1.98	2.00
Compound Leverage Factor	2.74	2.89	3.11
Debt to Total Capital	37.43%	37.72%	39.68%
Short-Term Debt to Total Capital	8.23%	6.78%	9.86%
Long-Term Debt to Total Capital	29.20%	30.94%	29.83%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	8.91%	9.20%	0.64%
Common Equity to Total Capital	53.66%	53.07%	59.67%
Debt to EBITDA	25.13	13.45	12.22
Net Debt to EBITDA	5.32	4.96	7.77
Long-Term Debt to EBITDA	19.61	11.03	9.18
Debt to NOPAT	-9.16	-13.91	-17.32
Net Debt to NOPAT	-1.94	-5.13	-11.02
Long-Term Debt to NOPAT	-7.15	-11.41	-13.02
Altman Z-Score	2.79	2.60	1.57
Noncontrolling Interest Sharing Ratio	13.99%	14.50%	8.35%
Liquidity Ratios	-	-	-
Current Ratio	1.91	1.90	1.48
Quick Ratio	1.14	1.15	0.69
Cash Flow Metrics	-	-	-
Free Cash Flow to Firm (FCFF)	-126	-59	-63
Operating Cash Flow to CapEx	32.82%	68.14%	-64.61%
Free Cash Flow to Firm to Interest Expense	-3.86	-1.55	-1.90
Operating Cash Flow to Interest Expense	2.14	1.49	-0.91
Operating Cash Flow Less CapEx to Interest Expense	-4.37	-0.70	-2.31
Efficiency Ratios	-	-	-
Asset Turnover	1.71	1.62	1.32
Accounts Receivable Turnover	32.05	32.46	25.97
Inventory Turnover	12.99	12.66	10.51
Fixed Asset Turnover	3.81	3.21	2.38
Accounts Payable Turnover	18.67	14.88	13.64
Days Sales Outstanding (DSO)	11.39	11.24	14.05
Days Inventory Outstanding (DIO)	28.11	28.84	34.74
Days Payable Outstanding (DPO)	19.55	24.54	26.76
Cash Conversion Cycle (CCC)	19.94	15.55	22.03
Capital & Investment Metrics	-	-	-
Invested Capital	1,196	1,211	1,241
Invested Capital Turnover	3.14	2.74	2.01
Increase / (Decrease) in Invested Capital	57	15	30
Enterprise Value (EV)	2,094	1,868	988
Market Capitalization	1,809	1,501	613
Book Value per Share	$15.35	$14.18	$13.38
Tangible Book Value per Share	$15.35	$14.18	$13.38
Total Capital	1,696	1,590	1,450
Total Debt	635	600	575
Total Long-Term Debt	495	492	432
Net Debt	134	221	366
Capital Expenditures (CapEx)	212	83	46
Debt-free, Cash-free Net Working Capital (DFCFNWC)	81	77	117
Debt-free Net Working Capital (DFNWC)	581	456	326
Net Working Capital (NWC)	442	348	183
Net Nonoperating Expense (NNE)	34	33	48
Net Nonoperating Obligations (NNO)	134	221	366
Total Depreciation and Amortization (D&A)	97	101	93
Debt-free, Cash-free Net Working Capital to Revenue	2.21%	2.33%	4.75%
Debt-free Net Working Capital to Revenue	15.87%	13.82%	13.27%
Net Working Capital to Revenue	12.06%	10.55%	7.46%
Earnings Adjustments	-	-	-
Adjusted Basic Earnings per Share	($2.29)	($1.59)	($1.29)
Adjusted Weighted Average Basic Shares Outstanding	55.54M	58.81M	63.80M
Adjusted Diluted Earnings per Share	$0.00	$0.00	$0.00
Adjusted Weighted Average Diluted Shares Outstanding	55.54M	58.81M	63.80M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	59.29M	64.26M	64.73M
Normalized Net Operating Profit after Tax (NOPAT)	-69	-47	-55
Normalized NOPAT Margin	-1.89%	-1.42%	-2.23%
Pre Tax Income Margin	-2.69%	-2.50%	-2.90%
Debt Service Ratios	-	-	-
EBIT to Interest Expense	-2.19	-1.49	-1.38
NOPAT to Interest Expense	-2.12	-1.14	-1.00
EBIT Less CapEx to Interest Expense	-8.69	-3.69	-2.78
NOPAT Less CapEx to Interest Expense	-8.63	-3.34	-2.41
Payout Ratios	-	-	-
Dividend Payout Ratio	-21.82%	-29.79%	-13.69%
Augmented Payout Ratio	-21.82%	-29.79%	-13.69%

This table displays calculated financial ratios and metrics derived from Green Plains' 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	27.88%	13.93%	6.59%	-15.29%	-6.51%	-22.06%	-28.30%	-27.84%	-26.21%	-18.02%
EBITDA Growth	-148.36%	-88.63%	-19.81%	-120.59%	236.43%	1,075.53%	26.13%	127.44%	66.48%	-144.06%
EBIT Growth	-37.56%	-415.38%	-18.66%	-168.77%	141.02%	172.23%	21.14%	59.27%	122.07%	-335.62%
NOPAT Growth	-38.51%	64.23%	-18.03%	-192.75%	169.54%	203.27%	20.61%	58.31%	89.28%	-272.19%
Net Income Growth	-24.80%	-734.55%	-18.57%	-191.65%	138.72%	137.06%	22.83%	50.25%	84.99%	-556.39%
EPS Growth	-7.63%	0.00%	-3.45%	-221.92%	127.56%	0.00%	32.50%	57.30%	97.14%	0.00%
Operating Cash Flow Growth	2,984.40%	224.35%	28.04%	-192.07%	56.63%	7.25%	56.74%	70.62%	-44.52%	-124.14%
Free Cash Flow Firm Growth	-264.54%	53.34%	101.07%	117.17%	130.17%	101.60%	-170.64%	-27.58%	5.04%	-5,099.28%
Invested Capital Growth	17.68%	4.97%	-3.26%	-5.18%	-3.22%	1.29%	-2.28%	-3.26%	-1.49%	2.44%
Revenue Q/Q Growth	-5.67%	-4.29%	-8.87%	2.96%	4.10%	-20.20%	-16.17%	3.62%	6.45%	-11.34%
EBITDA Q/Q Growth	-143.85%	109.76%	-945.86%	43.11%	390.59%	-15.93%	-153.15%	121.13%	1,662.92%	-122.25%
EBIT Q/Q Growth	-200.09%	61.67%	-136.88%	24.33%	159.70%	-32.50%	-358.63%	60.92%	425.52%	-171.62%
NOPAT Q/Q Growth	-235.11%	62.82%	-145.75%	24.87%	201.29%	-44.78%	-288.93%	60.54%	559.86%	-150.23%
Net Income Q/Q Growth	-228.80%	52.40%	-104.97%	27.06%	154.41%	-54.44%	-526.80%	52.98%	302.33%	-212.40%
EPS Q/Q Growth	-273.97%	0.00%	0.00%	25.83%	139.33%	0.00%	0.00%	53.09%	281.58%	0.00%
Operating Cash Flow Q/Q Growth	29.12%	44.34%	-212.28%	56.00%	319.66%	-1.16%	-145.29%	70.12%	514.88%	-143.00%
Free Cash Flow Firm Q/Q Growth	1.62%	69.59%	104.59%	1,150.24%	72.80%	-98.39%	-302.77%	1,381.71%	150.65%	-176.75%
Invested Capital Q/Q Growth	-5.51%	-8.32%	6.59%	2.69%	-3.56%	-4.04%	2.83%	1.66%	-1.80%	-0.21%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	-0.20%	1.59%	0.08%	1.80%	8.37%	10.36%	1.40%	6.11%	11.86%	1.05%
EBITDA Margin	-3.84%	0.39%	-3.63%	-2.01%	5.60%	5.90%	-3.74%	0.76%	12.64%	-3.17%
Operating Margin	-6.48%	-2.52%	-6.79%	-4.95%	2.37%	2.28%	-7.52%	-2.86%	8.51%	-7.01%
EBIT Margin	-6.50%	-2.60%	-6.77%	-4.97%	2.85%	2.41%	-7.44%	-2.81%	8.58%	-6.93%
Profit (Net Income) Margin	-7.11%	-3.54%	-7.95%	-5.63%	2.95%	1.68%	-8.56%	-3.88%	7.38%	-9.36%
Tax Burden Percent	97.18%	117.06%	105.28%	97.40%	143.10%	101.40%	102.83%	102.86%	100.95%	117.84%
Interest Burden Percent	112.59%	116.07%	111.66%	116.35%	72.18%	68.75%	111.87%	134.57%	85.23%	114.58%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	-42.25%	-2.23%	0.00%	0.00%	-1.71%	0.00%
Return on Invested Capital (ROIC)	-13.36%	-5.53%	-13.62%	-9.18%	9.20%	6.39%	-12.78%	-4.39%	17.88%	-9.84%
ROIC Less NNEP Spread (ROIC-NNEP)	-40.49%	-24.46%	-22.88%	-14.64%	7.60%	3.78%	-18.88%	-7.42%	15.05%	-18.70%
Return on Net Nonoperating Assets (RNNOA)	-3.29%	-1.94%	-6.54%	-4.97%	1.74%	0.65%	-6.51%	-3.15%	4.65%	-5.89%
Return on Equity (ROE)	-16.64%	-7.47%	-20.16%	-14.15%	10.94%	7.05%	-19.29%	-7.55%	22.53%	-15.72%
Cash Return on Invested Capital (CROIC)	-20.20%	-10.79%	-2.50%	-4.26%	-2.23%	-4.87%	-0.47%	1.94%	2.04%	-5.12%
Operating Return on Assets (OROA)	-10.95%	-4.45%	-11.72%	-8.20%	4.92%	3.91%	-11.88%	-4.18%	11.97%	-9.16%
Return on Assets (ROA)	-11.98%	-6.05%	-13.78%	-9.29%	5.08%	2.73%	-13.66%	-5.79%	10.29%	-12.37%
Return on Common Equity (ROCE)	-14.43%	-6.42%	-17.14%	-12.04%	9.38%	6.03%	-17.61%	-6.87%	20.65%	-14.41%
Return on Equity Simple (ROE_SIMPLE)	-7.79%	0.00%	-13.82%	-27.61%	-14.56%	0.00%	-6.89%	-4.25%	-1.57%	0.00%
Net Operating Profit after Tax (NOPAT)	-43	-16	-40	-30	30	17	-31	-12	57	-29
NOPAT Margin	-4.54%	-1.76%	-4.75%	-3.47%	3.37%	2.33%	-5.26%	-2.00%	8.65%	-4.90%
Net Nonoperating Expense Percent (NNEP)	27.13%	18.93%	9.26%	5.46%	1.60%	2.62%	6.10%	3.03%	2.83%	8.87%
Return On Investment Capital (ROIC_SIMPLE)	-	-0.95%	-	-	-	1.05%	-	-	-	-1.98%
Cost of Revenue to Revenue	100.20%	98.41%	99.92%	98.20%	91.63%	89.64%	98.60%	93.89%	88.14%	98.95%
SG&A Expenses to Revenue	3.70%	1.19%	3.82%	3.89%	3.96%	4.61%	5.32%	5.49%	4.05%	4.39%
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	6.28%	4.11%	6.87%	6.76%	6.00%	8.08%	8.92%	8.97%	3.35%	8.06%
Earnings before Interest and Taxes (EBIT)	-62	-24	-56	-43	25	17	-44	-17	57	-40
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-37	3.58	-30	-17	50	42	-22	4.72	83	-19
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.76	1.99	2.23	2.47	2.16	1.78	1.55	1.18	0.95	0.71
Price to Tangible Book Value (P/TBV)	1.76	1.99	2.23	2.47	2.16	1.78	1.55	1.18	0.95	0.71
Price to Revenue (P/Rev)	0.48	0.49	0.49	0.54	0.51	0.46	0.45	0.36	0.34	0.25
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
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	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)	1.56	1.75	1.80	1.87	1.76	1.54	1.39	1.12	0.96	0.80
Enterprise Value to Revenue (EV/Rev)	0.57	0.57	0.62	0.69	0.64	0.57	0.57	0.50	0.46	0.40
Enterprise Value to EBITDA (EV/EBITDA)	38.22	82.91	113.00	0.00	363.48	41.90	33.03	19.13	11.08	20.98
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	100.20	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	175.35	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	30.04	19.85	309.38	45.62	33.16	14.13	8.95	10.97	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	56.88	46.63	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.63	0.60	0.73	0.80	0.67	0.61	0.69	0.69	0.59	0.66
Long-Term Debt to Equity	0.44	0.47	0.51	0.53	0.50	0.50	0.54	0.55	0.46	0.49
Financial Leverage	0.08	0.08	0.29	0.34	0.23	0.17	0.34	0.43	0.31	0.31
Leverage Ratio	1.89	1.98	2.13	2.15	1.94	1.98	2.05	2.10	1.94	2.00
Compound Leverage Factor	2.13	2.30	2.38	2.50	1.40	1.36	2.29	2.82	1.65	2.29
Debt to Total Capital	38.71%	37.43%	42.17%	44.51%	40.15%	37.72%	40.86%	40.92%	37.20%	39.68%
Short-Term Debt to Total Capital	11.45%	8.23%	12.75%	14.92%	9.93%	6.78%	8.66%	8.48%	8.36%	9.86%
Long-Term Debt to Total Capital	27.27%	29.20%	29.42%	29.58%	30.22%	30.94%	32.20%	32.45%	28.84%	29.83%
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	8.32%	8.91%	8.92%	8.87%	8.99%	9.20%	0.85%	0.90%	0.90%	0.64%
Common Equity to Total Capital	52.96%	53.66%	48.91%	46.63%	50.87%	53.07%	58.28%	58.17%	61.90%	59.67%
Debt to EBITDA	13.24	25.13	35.04	-9.22	106.75	13.45	11.85	8.20	5.17	12.22
Net Debt to EBITDA	3.59	5.32	14.87	-4.75	46.95	4.96	6.57	5.17	2.83	7.77
Long-Term Debt to EBITDA	9.32	19.61	24.45	-6.13	80.34	11.03	9.34	6.50	4.01	9.18
Debt to NOPAT	-14.74	-9.16	-9.42	-5.77	-9.26	-13.91	-17.80	-34.65	81.74	-17.32
Net Debt to NOPAT	-4.00	-1.94	-4.00	-2.97	-4.07	-5.13	-9.87	-21.87	44.71	-11.02
Long-Term Debt to NOPAT	-10.38	-7.15	-6.57	-3.83	-6.97	-11.41	-14.03	-27.47	63.37	-13.02
Altman Z-Score	2.84	2.87	2.83	2.74	2.98	2.72	2.48	2.17	2.17	1.58
Noncontrolling Interest Sharing Ratio	13.33%	13.99%	14.99%	14.87%	14.25%	14.50%	8.70%	8.93%	8.35%	8.35%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.22	1.91	1.73	1.59	1.88	1.90	1.75	1.68	1.78	1.48
Quick Ratio	1.34	1.14	0.96	0.87	1.17	1.15	0.97	0.90	0.96	0.69
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-239	-73	3.34	42	72	1.16	-2.36	30	76	-58
Operating Cash Flow to CapEx	131.37%	357.49%	-358.90%	-315.52%	390.17%	373.44%	-232.16%	-85.47%	221.31%	-98.31%
Free Cash Flow to Firm to Interest Expense	-24.98	-11.26	0.34	4.29	7.56	0.13	-0.30	4.04	7.51	-7.53
Operating Cash Flow to Interest Expense	7.54	16.13	-12.01	-5.28	11.84	12.88	-6.50	-2.02	6.22	-3.49
Operating Cash Flow Less CapEx to Interest Expense	1.80	11.62	-15.36	-6.96	8.80	9.43	-9.30	-4.38	3.41	-7.04
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.69	1.71	1.73	1.65	1.73	1.62	1.60	1.49	1.39	1.32
Accounts Receivable Turnover	34.04	32.05	29.88	24.49	26.78	32.46	31.53	24.38	23.79	25.97
Inventory Turnover	13.53	12.99	12.08	12.24	14.42	12.66	12.15	11.67	11.76	10.51
Fixed Asset Turnover	3.82	3.81	3.77	3.55	3.45	3.21	2.98	2.76	2.54	2.38
Accounts Payable Turnover	28.85	18.67	30.53	30.19	25.76	14.88	22.69	24.24	19.16	13.64
Days Sales Outstanding (DSO)	10.72	11.39	12.21	14.90	13.63	11.24	11.58	14.97	15.34	14.05
Days Inventory Outstanding (DIO)	26.97	28.11	30.22	29.81	25.31	28.84	30.04	31.29	31.04	34.74
Days Payable Outstanding (DPO)	12.65	19.55	11.96	12.09	14.17	24.54	16.09	15.06	19.05	26.76
Cash Conversion Cycle (CCC)	25.04	19.94	30.48	32.63	24.77	15.55	25.53	31.20	27.33	22.03
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	1,304	1,196	1,274	1,309	1,262	1,211	1,245	1,266	1,243	1,241
Invested Capital Turnover	2.94	3.14	2.87	2.65	2.73	2.74	2.43	2.19	2.07	2.01
Increase / (Decrease) in Invested Capital	196	57	-43	-71	-42	15	-29	-43	-19	30
Enterprise Value (EV)	2,031	2,094	2,289	2,449	2,226	1,868	1,734	1,423	1,193	988
Market Capitalization	1,689	1,809	1,837	1,919	1,792	1,501	1,376	1,025	875	613
Book Value per Share	$16.56	$15.35	$13.88	$13.07	$13.91	$14.18	$14.01	$13.42	$14.31	$13.38
Tangible Book Value per Share	$16.56	$15.35	$13.88	$13.07	$13.91	$14.18	$14.01	$13.42	$14.31	$13.38
Total Capital	1,816	1,696	1,683	1,668	1,628	1,590	1,523	1,491	1,495	1,450
Total Debt	703	635	710	743	654	600	622	610	556	575
Total Long-Term Debt	495	495	495	494	492	492	490	484	431	432
Net Debt	191	134	301	383	287	221	345	385	304	366
Capital Expenditures (CapEx)	55	29	33	16	29	30	22	18	28	27
Debt-free, Cash-free Net Working Capital (DFCFNWC)	211	81	158	192	151	77	107	125	118	117
Debt-free Net Working Capital (DFNWC)	723	581	566	551	517	456	384	350	370	326
Net Working Capital (NWC)	515	442	352	303	355	348	252	223	245	183
Net Nonoperating Expense (NNE)	25	16	27	19	3.83	4.65	20	12	8.37	26
Net Nonoperating Obligations (NNO)	191	134	301	383	287	221	345	385	304	366
Total Depreciation and Amortization (D&A)	25	27	26	25	25	25	22	22	27	22
Debt-free, Cash-free Net Working Capital to Revenue	5.93%	2.21%	4.25%	5.39%	4.31%	2.33%	3.48%	4.42%	4.57%	4.75%
Debt-free Net Working Capital to Revenue	20.36%	15.87%	15.24%	15.49%	14.78%	13.82%	12.55%	12.40%	14.31%	13.27%
Net Working Capital to Revenue	14.50%	12.06%	9.47%	8.50%	10.15%	10.55%	8.24%	7.92%	9.48%	7.46%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($1.27)	($0.73)	($1.20)	($0.89)	$0.38	$0.12	($0.81)	($0.38)	$0.75	($0.85)
Adjusted Weighted Average Basic Shares Outstanding	57.68M	55.54M	58.55M	58.87M	58.91M	58.81M	63.34M	63.93M	63.95M	63.80M
Adjusted Diluted Earnings per Share	($1.27)	$0.00	($1.20)	($0.89)	$0.35	$0.00	($0.81)	($0.38)	$0.69	$0.00
Adjusted Weighted Average Diluted Shares Outstanding	57.68M	55.54M	58.55M	58.87M	67.40M	58.81M	63.34M	63.93M	71.66M	63.80M
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
Adjusted Weighted Average Basic & Diluted Shares Outstanding	59.30M	59.29M	59.51M	59.53M	59.51M	64.26M	64.62M	64.66M	64.65M	64.73M
Normalized Net Operating Profit after Tax (NOPAT)	-43	-16	-40	-30	11	11	-31	-12	18	-29
Normalized NOPAT Margin	-4.54%	-1.76%	-4.75%	-3.47%	1.22%	1.60%	-5.26%	-2.00%	2.69%	-4.90%
Pre Tax Income Margin	-7.32%	-3.02%	-7.55%	-5.78%	2.06%	1.66%	-8.32%	-3.78%	7.31%	-7.94%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	-6.48	-3.68	-5.79	-4.38	2.67	1.98	-5.71	-2.32	5.60	-5.24
NOPAT to Interest Expense	-4.52	-2.49	-4.06	-3.05	3.15	1.92	-4.04	-1.65	5.65	-3.71
EBIT Less CapEx to Interest Expense	-12.22	-8.19	-9.13	-6.05	-0.37	-1.47	-8.51	-4.68	2.79	-8.79
NOPAT Less CapEx to Interest Expense	-10.26	-7.00	-7.41	-4.73	0.12	-1.53	-6.84	-4.01	2.84	-7.26
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	-28.78%	-21.82%	-19.99%	-10.76%	-19.50%	-29.79%	-85.94%	-45.75%	-77.10%	-13.69%
Augmented Payout Ratio	-28.78%	-21.82%	-19.99%	-10.76%	-19.50%	-29.79%	-85.94%	-45.75%	-77.10%	-13.69%

Frequently Asked Questions About Green Plains' Financials

When does Green Plains' financial year end?

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

How has Green Plains' net income changed over the last 2 years?

Green Plains' net income appears to be on a downward trend, with a most recent value of -$81.19 million in 2024, falling from -$103.38 million in 2022. The previous period was -$76.30 million in 2023. Check out Green Plains' forecast to explore projected trends and price targets.

What is Green Plains' operating income?

Green Plains' total operating income in 2024 was -$47.46 million, based on the following breakdown:

Total Gross Profit: $130.45 million
Total Operating Expenses: $177.91 million

How has Green Plains' revenue changed over the last 2 years?

Over the last 2 years, Green Plains' total revenue changed from $3.66 billion in 2022 to $2.46 billion in 2024, a change of -32.9%.

How much debt does Green Plains have?

Green Plains' total liabilities were at $907.64 million at the end of 2024, a 4.4% decrease from 2023, and a 14.5% decrease since 2022.

How much cash does Green Plains have?

In the past 2 years, Green Plains' cash and equivalents has ranged from $173.04 million in 2024 to $444.66 million in 2022, and is currently $173.04 million as of their latest financial filing in 2024.

How has Green Plains' book value per share changed over the last 2 years?

Over the last 2 years, Green Plains' book value per share changed from 15.35 in 2022 to 13.38 in 2024, a change of -12.8%.

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This page (NASDAQ:GPRE) was last updated on 6/16/2025 by MarketBeat.com Staff

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Green Plains (GPRE) Financials

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Green Plains (GPRE) Financials

Annual Income Statements for Green Plains

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