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Green Plains (GPRE) Financials

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$16.95 -0.25 (-1.45%)
Closing price 07/24/2026 04:00 PM Eastern
Extended Trading
$16.97 +0.02 (+0.14%)
As of 07/24/2026 07:34 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Massive. Learn more.
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Annual Income Statements for Green Plains

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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 7.06 11 61 16 -167 -109 -66 -127 -93 -82 -122
Consolidated Net Income / (Loss)		 15 30 82 37 -148 -90 -44 -103 -76 -81 -121
Net Income / (Loss) Continuing Operations		 15 30 77 25 -149 -90 -44 -103 -76 -81 -121
Total Pre-Tax Income 		21 38 -55 5.64 -173 -161 -43 -99 -82 -71 -144
Total Operating Income		 61 92 24 90 -143 -123 26 -99 -62 -47 -67
Total Gross Profit		 207 281 268 177 32 112 202 113 165 130 137
Total Revenue		 2,966 3,411 3,289 2,984 2,417 1,924 2,827 3,663 3,296 2,459 2,092
Operating Revenue		 2,966 3,411 3,289 2,984 2,417 1,924 2,827 3,663 3,296 2,459 2,092
Total Cost of Revenue		 2,759 3,130 3,021 2,807 2,385 1,812 2,625 3,550 3,131 2,328 1,955
Operating Cost of Revenue		 2,759 3,130 3,021 2,807 2,385 1,812 2,625 3,550 3,131 2,328 1,955
Total Operating Expenses		 146 189 245 87 175 234 177 212 226 178 204
Selling, General & Admin Expense		 80 105 141 139 103 111 114 119 133 118 123
Depreciation Expense		 66 84 104 98 72 78 92 93 98 91 98
Impairment Charge		 - - - 0.00 0.00 24 - - 0.00 0.00 15
Other Special Charges / (Income)		 - 0.00 - -150 0.00 21 -30 0.00 -5.27 -31 -32
Total Other Income / (Expense), net		 -40 -53 -79 -84 -30 -38 -69 0.25 -21 -24 -77
Interest Expense		 40 52 84 87 40 40 67 33 38 33 77
Interest & Investment Income		 1.21 1.54 1.59 2.96 4.33 0.66 0.58 5.28 12 7.56 -25
Other Income / (Expense), net		 -0.46 -3.03 3.21 0.18 5.50 0.90 -1.94 28 5.23 1.70 -4.08
Income Tax Expense		 6.24 7.86 -132 -20 -21 -50 1.85 4.75 -5.62 6.21 -52
Net Income / (Loss) Attributable to Noncontrolling Interest		 8.16 20 21 21 19 19 22 24 17 1.31 0.28
Weighted Average Basic Shares Outstanding		 37.95M 38.32M 39.25M 40.32M 38.11M 34.63M 46.65M 55.54M 58.81M 63.80M 67.50M
Weighted Average Diluted Shares Outstanding		 39.03M 38.57M 50.24M 41.25M 38.11M 34.63M 46.65M 55.54M 58.81M 63.80M 67.50M
Weighted Average Basic & Diluted Shares Outstanding		 37.20M 38.10M 39.10M 40.80M 38.11M 34.63M 46.65M 59.29M 64.26M 64.73M 69.84M

Quarterly Income Statements for Green Plains

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 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Income / (Loss) Attributable to Common Shareholders		 22 7.23 -51 -24 48 -55 -73 -72 12 12 33
Consolidated Net Income / (Loss)		 26 12 -51 -24 49 -55 -73 -72 11 13 33
Net Income / (Loss) Continuing Operations		 26 12 -51 -24 49 -55 -73 -72 11 13 33
Total Pre-Tax Income 		18 12 -50 -23 48 -46 -72 -42 -15 -15 36
Total Operating Income		 21 16 -45 -18 56 -41 -62 -28 34 -10 45
Total Gross Profit		 75 74 8.37 38 78 6.15 3.04 42 52 40 88
Total Revenue		 893 712 597 619 659 584 602 553 508 429 446
Operating Revenue		 893 712 597 619 659 584 602 553 508 429 446
Total Cost of Revenue		 818 639 589 581 581 578 598 511 456 389 358
Operating Cost of Revenue		 818 639 589 581 581 578 598 511 456 389 358
Total Operating Expenses		 54 58 53 56 22 47 65 70 18 51 43
Selling, General & Admin Expense		 35 33 32 34 27 26 43 28 29 23 20
Depreciation Expense		 24 24 21 22 26 21 22 28 25 24 24
Total Other Income / (Expense), net		 -2.80 -4.46 -4.83 -5.66 -7.87 -5.48 -9.43 -13 -49 -4.49 -8.41
Interest Expense		 9.55 8.67 7.79 7.49 10 7.73 8.91 14 48 6.09 11
Interest & Investment Income		 2.47 3.30 2.51 1.49 1.74 1.82 1.00 0.63 1.09 -27 2.92
Other Income / (Expense), net		 4.28 0.92 0.45 0.35 0.48 0.42 -1.52 -0.04 -2.67 0.15 0.15
Income Tax Expense		 -7.76 -0.26 0.33 -0.27 -0.83 6.98 0.11 2.29 -26 -29 2.92
Other Gains / (Losses), net		 0.16 -0.10 -1.08 -0.94 -0.37 -1.30 -0.85 -28 0.81 - 0.02
Net Income / (Loss) Attributable to Noncontrolling Interest		 3.98 4.75 0.29 0.31 0.44 0.27 0.27 0.01 -0.95 0.95 0.53
Basic Earnings per Share		 $0.38 $0.12 ($0.81) ($0.38) $0.75 ($0.85) ($1.14) ($1.09) $0.17 - $0.48
Weighted Average Basic Shares Outstanding		 58.91M 58.81M 63.34M 63.93M 63.95M 63.80M 64.07M 66.49M 69.86M 67.50M 68.84M
Diluted Earnings per Share		 $0.35 - ($0.81) ($0.38) $0.69 - ($1.14) ($1.09) $0.17 - $0.42
Weighted Average Diluted Shares Outstanding		 67.40M 58.81M 63.34M 63.93M 71.66M 63.80M 64.07M 66.49M 77.87M 67.50M 84.14M
Weighted Average Basic & Diluted Shares Outstanding		 59.51M 64.26M 64.62M 64.66M 64.65M 64.73M 65.40M 65.57M 69.84M 69.84M 70.03M

Annual Cash Flow Statements for Green Plains

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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Change in Cash & Equivalents		 -41 -47 -99 19 -198 4.91 286 -61 -122 -169 21
Net Cash From Operating Activities		 14 101 -182 39 -9.53 99 4.25 70 56 -30 111
Net Cash From Continuing Operating Activities		 14 101 47 30 -27 99 4.25 70 56 -30 111
Net Income / (Loss) Continuing Operations		 15 30 77 50 -298 -90 -44 -103 -76 -81 -121
Consolidated Net Income / (Loss)		 15 30 82 62 -297 -90 -44 -103 -76 -81 -121
Depreciation Expense		 66 84 104 98 72 78 92 93 98 91 98
Amortization Expense		 7.85 11 14 13 20 23 8.40 3.89 2.69 2.28 9.97
Non-Cash Adjustments To Reconcile Net Income		 10 13 18 -137 3.54 60 11 22 12 -14 77
Changes in Operating Assets and Liabilities, net		 -85 -38 -166 18 25 28 -63 55 20 -28 46
Net Cash From Investing Activities		 -183 -573 -128 507 31 -11 -236 -105 -107 -62 162
Net Cash From Continuing Investing Activities		 -183 -573 -65 636 35 -11 -236 -105 -107 -62 162
Purchase of Property, Plant & Equipment		 -63 -58 -45 -41 -75 -111 -187 -212 -108 -95 -37
Acquisitions		 -117 -508 - 0.00 0.00 -21 0.00 -17 -24 -16 -4.91
Sale of Property, Plant & Equipment		 - - - 672 3.47 40 87 0.00 25 49 180
Divestitures		 - - - 0.00 77 - - - 0.00 0.00 24
Net Cash From Financing Activities		 129 425 216 -541 -69 -83 518 -25 -71 -77 -252
Net Cash From Continuing Financing Activities		 129 425 11 -644 -19 -83 518 -25 -71 -77 -252
Repayment of Debt		 -3,421 -4,186 -4,537 -4,159 -2,891 -2,485 -3,665 -1,907 -1,230 -820 -651
Repurchase of Common Equity		 -4.00 -6.01 -6.72 -2.98 -62 -11 - - 0.00 0.00 -30
Payment of Dividends		 -20 -37 -39 -41 -32 -9.68 -9.25 -23 -23 -11 -0.72
Issuance of Debt		 3,416 4,655 4,599 3,563 2,960 2,425 3,841 1,908 1,191 758 428
Other Financing Activities, net		 -0.15 -0.45 -4.45 -3.42 5.97 -1.29 -4.67 -3.81 -9.02 -4.70 1.24
Cash Interest Paid		 33 38 54 73 36 23 29 31 35 31 35
Cash Income Taxes Paid		 44 4.69 -3.77 -22 0.56 -61 1.48 0.58 1.24 0.49 1.77

Quarterly Cash Flow Statements for Green Plains

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 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Change in Cash & Equivalents		 6.38 13 -101 -52 27 -43 -83 26 59 19 -47
Net Cash From Operating Activities		 113 112 -51 -15 63 -27 -55 59 40 67 -40
Net Cash From Continuing Operating Activities		 113 112 -51 -15 63 -27 -55 59 40 67 -40
Net Income / (Loss) Continuing Operations		 26 12 -51 -24 49 -55 -73 -72 11 13 33
Consolidated Net Income / (Loss)		 26 12 -51 -24 49 -55 -73 -72 11 13 33
Depreciation Expense		 24 24 21 22 26 21 22 28 25 24 24
Amortization Expense		 0.65 0.52 0.61 0.50 0.65 0.52 0.49 5.68 3.53 0.28 0.50
Non-Cash Adjustments To Reconcile Net Income		 -11 5.90 9.19 1.04 -16 -8.20 13 44 8.25 12 1.67
Changes in Operating Assets and Liabilities, net		 73 69 -31 -14 3.53 14 -19 54 -7.94 19 -99
Net Cash From Investing Activities		 -11 -38 -30 -25 21 -27 -21 -12 203 -8.84 -4.45
Net Cash From Continuing Investing Activities		 -11 -38 -30 -25 21 -27 -21 -12 203 -8.84 -4.45
Purchase of Property, Plant & Equipment		 -29 -30 -22 -18 -28 -27 -17 -11 -4.01 -5.34 -6.45
Acquisitions		 -7.60 -7.91 -8.41 -7.62 0.35 - -4.00 -0.91 - - 0.00
Sale of Property, Plant & Equipment		 - 0.30 - - - -0.18 0.00 - 184 -4.34 2.00
Net Cash From Financing Activities		 -95 -61 -21 -12 -57 12 -7.04 -21 -184 -40 -3.04
Net Cash From Continuing Financing Activities		 -95 -61 -21 -12 -57 12 -7.04 -21 -184 -40 -3.04
Repayment of Debt		 -355 -220 -163 -198 -263 -196 -188 -178 -237 -48 -88
Issuance of Debt		 266 164 181 157 206 214 182 120 70 56 88
Other Financing Activities, net		 -0.02 -0.06 -4.22 -0.37 -0.02 -0.10 -1.37 37 -17 -18 -2.41
Cash Interest Paid		 10 7.00 8.89 5.56 11 5.71 9.69 6.95 16 2.16 6.40
Cash Income Taxes Paid		 0.07 0.46 -0.01 0.54 0.10 -0.15 0.03 0.47 0.99 0.29 -4.02

Annual Balance Sheets for Green Plains

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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Total Assets		 1,918 2,506 2,785 2,216 1,698 1,579 2,160 2,123 1,939 1,782 1,585
Total Current Assets		 913 1,001 1,206 1,207 668 642 1,118 929 733 569 523
Cash & Equivalents		 385 304 267 252 246 234 426 445 350 173 182
Restricted Cash		 27 52 46 32 24 41 135 56 29 36 48
Accounts Receivable		 96 147 151 89 107 56 120 109 94 95 74
Inventories, net		 354 422 712 303 253 269 268 279 216 227 148
Prepaid Expenses		 11 17 18 14 14 17 16 20 24 27 18
Other Current Assets		 31 47 6.89 26 18 25 27 20 20 10 52
Plant, Property, & Equipment, net		 922 1,179 1,177 815 827 802 894 1,029 1,022 1,042 957
Total Noncurrent Assets		 83 327 401 195 203 135 148 165 185 171 105
Other Noncurrent Operating Assets		 42 144 219 92 134 135 148 165 185 171 105
Total Liabilities & Shareholders' Equity		 1,918 2,506 2,785 2,216 1,698 1,579 2,160 2,123 1,939 1,782 1,585
Total Liabilities		 959 1,527 1,726 1,153 833 802 1,058 1,062 949 908 813
Total Current Liabilities		 439 595 886 834 542 453 472 487 385 386 269
Short-Term Debt		 231 326 594 219 320 239 209 140 108 143 38
Accounts Payable		 167 192 205 136 157 140 146 234 187 155 135
Accrued Expenses		 32 67 64 53 39 38 57 44 57 54 67
Other Current Liabilities		 8.25 8.92 13 7.85 25 35 60 69 33 34 29
Total Noncurrent Liabilities		 520 932 839 320 291 350 586 575 564 522 544
Long-Term Debt		 432 783 767 298 244 287 514 495 492 432 362
Other Noncurrent Operating Liabilities		 6.41 9.48 15 11 47 62 72 80 72 89 182
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 959 979 1,059 1,063 865 777 1,102 1,061 990 875 772
Total Preferred & Common Equity		 798 863 942 947 752 647 951 910 844 865 766
Total Common Equity		 798 863 942 947 752 647 951 910 844 865 766
Common Stock		 578 659 685 696 735 741 1,070 1,110 1,114 1,214 1,268
Retained Earnings		 291 283 325 325 148 39 -15 -142 -236 -318 -440
Treasury Stock		 -70 -76 -55 -58 -120 -131 -92 -31 -31 -31 -61
Accumulated Other Comprehensive Income / (Loss)		 -1.17 -4.14 -13 -16 -11 -2.17 -12 -27 -3.16 0.97 -0.62
Noncontrolling Interest		 161 117 117 116 113 130 152 151 146 9.32 5.72

Quarterly Balance Sheets for Green Plains

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 Q1 2025 Q2 2025 Q3 2025 Q1 2026
Period end date 9/30/2022 3/31/2023 6/30/2023 9/30/2023 3/31/2024 6/30/2024 9/30/2024 3/31/2025 6/30/2025 9/30/2025 3/31/2026
Total Assets		 2,102 2,035 2,023 1,951 1,799 1,764 1,760 1,667 1,613 1,532 1,587
Total Current Assets		 936 831 816 758 588 552 561 450 436 447 542
Cash & Equivalents		 421 354 313 327 237 196 227 99 109 136 96
Restricted Cash		 67 54 47 39 40 30 25 28 44 76 87
Accounts Receivable		 118 107 132 143 88 99 75 97 78 85 86
Inventories, net		 259 280 258 208 191 188 194 187 156 127 139
Prepaid Expenses		 14 23 21 23 24 21 16 22 17 16 18
Other Current Assets		 31 12 45 16 7.89 18 24 18 7.20 6.98 116
Plant, Property, & Equipment, net		 1,016 1,028 1,025 1,011 1,022 1,019 1,025 1,051 1,067 958 929
Total Noncurrent Assets		 150 176 182 182 189 192 173 165 109 128 116
Other Noncurrent Operating Assets		 150 176 182 182 189 192 173 165 109 101 116
Total Liabilities & Shareholders' Equity		 2,102 2,035 2,023 1,951 1,799 1,764 1,760 1,667 1,613 1,532 1,587
Total Liabilities		 988 1,062 1,097 977 899 883 821 859 872 758 796
Total Current Liabilities		 421 479 514 402 336 328 316 326 297 266 318
Short-Term Debt		 208 215 249 162 132 126 125 140 82 47 103
Accounts Payable		 123 129 105 138 124 109 108 102 99 90 89
Accrued Expenses		 46 47 50 57 50 52 50 49 44 59 68
Other Current Liabilities		 44 89 110 45 31 41 33 35 72 70 58
Total Noncurrent Liabilities		 568 583 583 574 563 554 505 534 575 491 478
Long-Term Debt		 495 495 494 492 490 484 431 432 426 306 389
Other Noncurrent Operating Liabilities		 72 88 90 82 72 71 74 101 149 185 89
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 1,113 973 926 974 900 881 939 807 740 775 791
Total Preferred & Common Equity		 962 823 778 828 887 867 926 798 735 769 785
Total Common Equity		 962 823 778 828 887 867 926 798 735 769 785
Common Stock		 1,108 1,105 1,108 1,110 1,210 1,213 1,216 1,221 1,237 1,265 1,267
Retained Earnings		 -104 -213 -265 -243 -287 -312 -263 -391 -463 -452 -407
Treasury Stock		 -31 -31 -31 -31 -31 -31 -31 -31 -31 -31 -61
Accumulated Other Comprehensive Income / (Loss)		 -11 -38 -33 -8.13 -3.90 -2.81 3.58 -1.30 -6.74 -13 -14
Noncontrolling Interest		 151 150 148 146 13 13 13 9.68 5.25 6.03 5.85

Annual Metrics And Ratios for Green Plains

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

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 -8.35% 15.02% -3.56% -9.29% -18.99% -20.42% 46.96% 29.56% -10.02% -25.39% -14.93%
EBITDA Growth		 -62.72% 37.16% -21.48% 39.29% -122.11% 52.78% 688.65% -79.62% 76.53% 5.65% -21.29%
EBIT Growth		 -79.08% 46.26% -69.59% 234.33% -252.08% 11.15% 119.35% -402.68% 21.00% 18.79% -55.87%
NOPAT Growth		 -76.24% 68.24% -77.20% 2,372.73% -124.28% 13.94% 120.79% -487.91% 37.77% 22.93% -41.70%
Net Income Growth		 -90.45% 100.23% 167.72% -55.00% -502.90% 39.42% 50.76% -134.17% 26.19% -6.41% -49.38%
EPS Growth		 -95.45% 55.56% 425.00% -73.47% -1,223.08% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Cash Flow Growth		 -93.74% 626.03% -280.89% 121.39% -124.46% 1,137.51% -95.71% 1,541.76% -19.17% -153.18% 469.98%
Free Cash Flow Firm Growth		 -202.30% -194.46% 19.77% 485.30% -104.14% 59.64% -301.89% -35.32% 53.48% -7.14% 501.79%
Invested Capital Growth		 19.27% 43.06% 21.73% -46.25% -3.74% -5.75% 10.79% 4.97% 1.29% 2.44% -24.12%
Revenue Q/Q Growth		 -2.95% 5.97% -8.81% -13.14% 29.66% -10.97% 12.92% 3.15% -5.77% -4.96% -6.91%
EBITDA Q/Q Growth		 -30.36% 40.25% -32.83% 77.25% -197.37% -20,342.31% 45.52% -52.46% 628.14% -56.25% 626.47%
EBIT Q/Q Growth		 -49.66% 83.44% -70.77% 2,670.79% -214.72% -25.44% 225.82% -78.32% 42.10% -484.34% 29.70%
NOPAT Q/Q Growth		 -49.23% 44.67% -98.28% 9,109.26% -241.49% -19.33% 249.26% -45.22% 38.94% -588.26% 31.14%
Net Income Q/Q Growth		 -73.17% 350.65% 51.95% 25.70% -175.69% -10.67% 47.05% -37.97% 36.73% -458.19% 35.68%
EPS Q/Q Growth		 -86.47% 193.33% 98.65% 30.00% -126.94% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Cash Flow Q/Q Growth		 220.64% 19.12% -137.44% 136.74% 79.18% 46.99% 178.27% 3,068.87% 15.49% -127.56% 569.71%
Free Cash Flow Firm Q/Q Growth		 -228.91% -54.20% -190.08% 980.78% -105.46% 58.59% -100.91% 48.31% -105.10% -345.25% -2.30%
Invested Capital Q/Q Growth		 9.43% 19.65% 4.57% -47.76% 0.08% -4.26% 2.78% -8.32% -4.04% -0.21% 2.68%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 6.97% 8.23% 8.16% 5.93% 1.34% 5.80% 7.15% 3.08% 5.00% 5.31% 6.55%
EBITDA Margin		 4.53% 5.41% 4.40% 6.76% -1.84% -1.09% 4.38% 0.69% 1.35% 1.92% 1.77%
Operating Margin		 2.06% 2.69% 0.72% 3.01% -5.90% -6.38% 0.90% -2.70% -1.87% -1.93% -3.22%
EBIT Margin		 2.04% 2.60% 0.82% 3.02% -5.67% -6.33% 0.83% -1.95% -1.71% -1.86% -3.41%
Profit (Net Income) Margin		 0.51% 0.89% 2.48% 1.23% -6.12% -4.66% -1.56% -2.82% -2.32% -3.30% -5.80%
Tax Burden Percent		 70.94% 79.51% -148.01% 650.85% 85.58% 55.64% 102.66% 104.74% 92.65% 113.87% 84.33%
Interest Burden Percent		 35.41% 43.26% -204.58% 6.26% 126.17% 132.30% -182.46% 138.36% 146.13% 155.80% 201.62%
Effective Tax Rate		 29.06% 20.49% 0.00% -356.96% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Invested Capital (ROIC)		 3.89% 4.95% 0.87% 25.36% -8.98% -8.11% 1.65% -5.93% -3.58% -2.71% -4.31%
ROIC Less NNEP Spread (ROIC-NNEP)		 -8.08% -3.49% 8.08% -41.52% -41.58% -9.69% -41.37% -45.75% -22.26% -19.05% -32.04%
Return on Net Nonoperating Assets (RNNOA)		 -2.16% -1.81% 7.14% -21.90% -6.38% -2.81% -6.35% -3.62% -3.86% -6.00% -10.42%
Return on Equity (ROE)		 1.73% 3.15% 8.01% 3.46% -15.35% -10.92% -4.70% -9.56% -7.44% -8.71% -14.73%
Cash Return on Invested Capital (CROIC)		 -13.68% -30.48% -18.74% 85.53% -5.16% -2.19% -8.59% -10.79% -4.87% -5.12% 23.11%
Operating Return on Assets (OROA)		 3.24% 4.01% 1.02% 3.60% -7.00% -7.43% 1.26% -3.33% -2.77% -2.46% -4.25%
Return on Assets (ROA)		 0.81% 1.38% 3.09% 1.47% -7.56% -5.47% -2.36% -4.83% -3.76% -4.36% -7.22%
Return on Common Equity (ROCE)		 1.58% 2.70% 7.09% 3.08% -13.52% -9.30% -4.00% -8.22% -6.36% -7.98% -14.60%
Return on Equity Simple (ROE_SIMPLE)		 1.91% 3.54% 8.66% 3.88% -19.68% -13.86% -4.64% -11.36% -9.04% -9.38% 0.00%
Net Operating Profit after Tax (NOPAT)		 43 73 17 411 -100 -86 18 -69 -43 -33 -47
NOPAT Margin		 1.46% 2.14% 0.51% 13.78% -4.13% -4.46% 0.63% -1.89% -1.31% -1.35% -2.25%
Net Nonoperating Expense Percent (NNEP)		 11.98% 8.44% -7.22% 66.88% 32.61% 1.58% 43.02% 39.81% 18.68% 16.34% 27.72%
Return On Investment Capital (ROIC_SIMPLE)		 - - - - - - - -4.08% -2.71% -2.29% -4.02%
Cost of Revenue to Revenue		 93.03% 91.77% 91.84% 94.07% 98.66% 94.20% 92.85% 96.92% 95.00% 94.69% 93.45%
SG&A Expenses to Revenue		 2.68% 3.07% 4.29% 4.66% 4.25% 5.77% 4.04% 3.25% 4.05% 4.80% 5.87%
R&D to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 4.91% 5.54% 7.43% 2.92% 7.23% 12.18% 6.24% 5.78% 6.87% 7.24% 9.76%
Earnings before Interest and Taxes (EBIT)		 61 89 27 90 -137 -122 24 -71 -56 -46 -71
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 134 184 145 202 -45 -21 124 25 45 47 37
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 0.99 1.16 0.71 0.56 0.74 0.73 1.96 1.99 1.78 0.71 0.89
Price to Tangible Book Value (P/TBV)		 1.05 1.47 0.88 0.56 0.74 0.73 1.96 1.99 1.78 0.71 0.89
Price to Revenue (P/Rev)		 0.27 0.29 0.20 0.18 0.23 0.24 0.66 0.49 0.46 0.25 0.33
Price to Earnings (P/E)		 112.06 93.70 10.89 33.56 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Dividend Yield		 1.91% 1.84% 2.97% 3.72% 3.11% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield		 0.89% 1.07% 9.18% 2.98% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)		 0.99 1.08 0.87 0.75 0.82 0.83 1.80 1.75 1.54 0.80 0.91
Enterprise Value to Revenue (EV/Rev)		 0.41 0.55 0.56 0.29 0.37 0.44 0.73 0.57 0.57 0.40 0.41
Enterprise Value to EBITDA (EV/EBITDA)		 8.96 10.13 12.65 4.24 0.00 0.00 16.55 82.91 41.90 20.98 23.18
Enterprise Value to EBIT (EV/EBIT)		 19.87 21.07 67.92 9.48 0.00 0.00 87.04 0.00 0.00 0.00 0.00
Enterprise Value to NOPAT (EV/NOPAT)		 27.80 25.63 110.14 2.08 0.00 0.00 114.89 0.00 0.00 0.00 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 86.83 18.55 0.00 21.92 0.00 8.60 483.14 30.04 33.16 0.00 7.75
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 0.62 0.00 0.00 0.00 0.00 0.00 0.00 3.41
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.69 1.13 1.29 0.49 0.65 0.68 0.66 0.60 0.61 0.66 0.52
Long-Term Debt to Equity		 0.45 0.80 0.72 0.28 0.28 0.37 0.47 0.47 0.50 0.49 0.47
Financial Leverage		 0.27 0.52 0.88 0.53 0.15 0.29 0.15 0.08 0.17 0.31 0.33
Leverage Ratio		 2.13 2.28 2.60 2.36 2.03 2.00 1.99 1.98 1.98 2.00 2.04
Compound Leverage Factor		 0.75 0.99 -5.31 0.15 2.56 2.64 -3.63 2.74 2.89 3.11 4.12
Debt to Total Capital		 40.90% 53.11% 56.25% 32.71% 39.48% 40.39% 39.61% 37.43% 37.72% 39.68% 34.10%
Short-Term Debt to Total Capital		 14.26% 15.63% 24.54% 13.83% 22.41% 18.33% 11.44% 8.23% 6.78% 9.86% 3.20%
Long-Term Debt to Total Capital		 26.63% 37.48% 31.70% 18.87% 17.07% 22.05% 28.17% 29.20% 30.94% 29.83% 30.90%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 9.93% 5.59% 4.83% 7.35% 7.93% 9.96% 8.30% 8.91% 9.20% 0.64% 0.49%
Common Equity to Total Capital		 49.17% 41.31% 38.92% 59.94% 52.59% 49.65% 52.09% 53.66% 53.07% 59.67% 65.41%
Debt to EBITDA		 4.94 6.01 9.40 2.56 -12.66 -24.99 5.83 25.13 13.45 12.22 10.78
Net Debt to EBITDA		 1.87 4.08 7.25 1.01 -5.06 -11.94 0.30 5.32 4.96 7.77 4.57
Long-Term Debt to EBITDA		 3.21 4.24 5.30 1.48 -5.47 -13.65 4.15 19.61 11.03 9.18 9.76
Debt to NOPAT		 15.31 15.21 81.90 1.26 -5.65 -6.13 40.48 -9.16 -13.91 -17.32 -8.49
Net Debt to NOPAT		 5.81 10.33 63.11 0.50 -2.26 -2.93 2.07 -1.94 -5.13 -11.02 -3.60
Long-Term Debt to NOPAT		 9.97 10.74 46.16 0.73 -2.44 -3.35 28.79 -7.15 -11.41 -13.02 -7.69
Altman Z-Score		 2.65 2.22 1.75 2.17 1.77 1.49 2.75 2.79 2.60 1.57 1.46
Noncontrolling Interest Sharing Ratio		 9.17% 14.33% 11.46% 10.99% 11.90% 14.81% 14.97% 13.99% 14.50% 8.35% 0.91%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 2.08 1.68 1.36 1.45 1.23 1.42 2.37 1.91 1.90 1.48 1.79
Quick Ratio		 1.10 0.76 0.47 0.41 0.65 0.64 1.42 1.14 1.15 0.69 0.96
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -152 -448 -360 1,386 -57 -23 -93 -126 -59 -63 252
Operating Cash Flow to CapEx		 21.89% 173.28% -408.49% 0.00% -13.24% 140.02% 4.25% 32.82% 68.14% -64.61% 0.00%
Free Cash Flow to Firm to Interest Expense		 -3.77 -8.65 -4.30 15.85 -1.43 -0.58 -1.39 -3.86 -1.55 -1.90 3.29
Operating Cash Flow to Interest Expense		 0.34 1.94 -2.18 0.45 -0.24 2.47 0.06 2.14 1.49 -0.91 1.45
Operating Cash Flow Less CapEx to Interest Expense		 -1.23 0.82 -2.71 7.66 -2.03 0.71 -1.43 -4.37 -0.70 -2.31 3.31
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 1.59 1.54 1.24 1.19 1.24 1.17 1.51 1.71 1.62 1.32 1.24
Accounts Receivable Turnover		 25.32 28.00 22.03 24.91 24.71 23.64 32.21 32.05 32.46 25.97 24.71
Inventory Turnover		 9.06 8.07 5.33 5.53 8.59 6.94 9.77 12.99 12.66 10.51 10.41
Fixed Asset Turnover		 3.39 3.25 2.79 3.00 2.94 2.36 3.34 3.81 3.21 2.38 2.09
Accounts Payable Turnover		 16.37 17.43 15.19 16.45 16.31 12.21 18.35 18.67 14.88 13.64 13.49
Days Sales Outstanding (DSO)		 14.41 13.04 16.57 14.66 14.77 15.44 11.33 11.39 11.24 14.05 14.77
Days Inventory Outstanding (DIO)		 40.28 45.25 68.50 65.96 42.51 52.62 37.36 28.11 28.84 34.74 35.06
Days Payable Outstanding (DPO)		 22.30 20.94 24.03 22.19 22.38 29.89 19.89 19.55 24.54 26.76 27.05
Cash Conversion Cycle (CCC)		 32.39 37.34 61.05 58.42 34.90 38.17 28.80 19.94 15.55 22.03 22.78
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 1,211 1,732 2,108 1,133 1,091 1,028 1,139 1,196 1,211 1,241 941
Invested Capital Turnover		 2.67 2.32 1.71 1.84 2.17 1.82 2.61 3.14 2.74 2.01 1.92
Increase / (Decrease) in Invested Capital		 196 521 376 -975 -42 -63 111 57 15 30 -299
Enterprise Value (EV)		 1,204 1,868 1,831 854 894 851 2,051 2,094 1,868 988 859
Market Capitalization		 792 999 665 534 555 470 1,863 1,809 1,501 613 684
Book Value per Share		 $21.06 $22.48 $22.89 $22.86 $20.91 $18.14 $17.73 $15.35 $14.18 $13.38 $10.97
Tangible Book Value per Share		 $19.98 $17.69 $18.45 $22.86 $20.91 $18.14 $17.73 $15.35 $14.18 $13.38 $10.97
Total Capital		 1,622 2,088 2,421 1,580 1,430 1,303 1,825 1,696 1,590 1,450 1,171
Total Debt		 664 1,109 1,361 517 564 526 723 635 600 575 400
Total Long-Term Debt		 432 783 767 298 244 287 514 495 492 432 362
Net Debt		 252 753 1,049 204 225 251 37 134 221 366 169
Capital Expenditures (CapEx)		 63 58 45 -631 72 71 100 212 83 46 -143
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 293 376 602 308 177 154 169 81 77 117 21
Debt-free Net Working Capital (DFNWC)		 705 732 914 591 446 429 855 581 456 326 251
Net Working Capital (NWC)		 474 406 320 373 126 190 646 442 348 183 214
Net Nonoperating Expense (NNE)		 28 42 -65 374 48 3.77 62 34 33 48 74
Net Nonoperating Obligations (NNO)		 252 753 1,049 70 225 251 37 134 221 366 169
Total Depreciation and Amortization (D&A)		 74 96 118 112 92 101 100 97 101 93 108
Debt-free, Cash-free Net Working Capital to Revenue		 9.90% 11.02% 18.30% 10.33% 7.31% 8.00% 5.97% 2.21% 2.33% 4.75% 1.00%
Debt-free Net Working Capital to Revenue		 23.78% 21.46% 27.80% 19.82% 18.47% 22.28% 30.23% 15.87% 13.82% 13.27% 12.00%
Net Working Capital to Revenue		 15.98% 11.89% 9.73% 12.50% 5.22% 9.87% 22.85% 12.06% 10.55% 7.46% 10.21%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.19 $0.28 $1.56 $0.39 ($4.38) ($3.14) ($1.41) ($2.29) ($1.59) ($1.29) $0.00
Adjusted Weighted Average Basic Shares Outstanding		 37.95M 38.32M 39.25M 40.32M 38.11M 34.63M 53.62M 55.54M 58.81M 63.80M 67.50M
Adjusted Diluted Earnings per Share		 $0.18 $0.28 $1.47 $0.39 ($4.38) ($3.14) ($1.41) $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Diluted Shares Outstanding		 39.03M 38.57M 50.24M 41.25M 38.11M 34.63M 53.62M 55.54M 58.81M 63.80M 67.50M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 ($3.14) ($1.41) $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 38.47M 38.18M 41.05M 41.04M 35.14M 35.65M 46.65M 59.29M 64.26M 64.73M 69.84M
Normalized Net Operating Profit after Tax (NOPAT)		 43 73 17 -42 -100 -54 -2.87 -69 -47 -55 -59
Normalized NOPAT Margin		 1.46% 2.14% 0.51% -1.42% -4.13% -2.83% -0.10% -1.89% -1.42% -2.23% -2.82%
Pre Tax Income Margin		 0.72% 1.12% -1.68% 0.19% -7.15% -8.38% -1.52% -2.69% -2.50% -2.90% -6.88%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 1.50 1.71 0.32 1.03 -3.41 -3.05 0.35 -2.19 -1.49 -1.38 -0.93
NOPAT to Interest Expense		 1.07 1.41 0.20 4.70 -2.48 -2.15 0.27 -2.12 -1.14 -1.00 -0.61
EBIT Less CapEx to Interest Expense		 -0.07 0.59 -0.21 8.25 -5.20 -4.81 -1.14 -8.69 -3.69 -2.78 0.93
NOPAT Less CapEx to Interest Expense		 -0.50 0.29 -0.33 11.92 -4.27 -3.91 -1.22 -8.63 -3.34 -2.41 1.25
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 129.99% 122.26% 48.25% 112.33% -21.41% -10.79% -20.96% -21.82% -29.79% -13.69% -0.59%
Augmented Payout Ratio		 156.28% 141.95% 56.48% 120.44% -63.06% -23.60% -20.96% -21.82% -29.79% -13.69% -25.33%

Quarterly Metrics And Ratios for Green Plains

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

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
DEI Shares Outstanding		 - - - - - - 64,729,446.00 65,399,452.00 65,565,368.00 - 69,838,844.00
DEI Adjusted Shares Outstanding		 - - - - - - 64,729,446.00 65,399,452.00 65,565,368.00 - 69,838,844.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - -1.13 -1.10 0.18 - 0.47
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 -6.51% -22.06% -28.30% -27.84% -26.21% -18.02% 0.72% -10.66% -22.81% -26.57% -25.89%
EBITDA Growth		 236.43% 1,075.53% 26.13% 127.44% 66.48% -144.06% -83.06% 2.46% -28.30% 172.60% 268.84%
EBIT Growth		 141.02% 172.23% 21.14% 59.27% 122.07% -335.62% -43.51% -63.55% -44.82% 74.44% 170.44%
NOPAT Growth		 169.54% 203.27% 20.61% 58.31% 89.28% -272.19% -38.70% -60.14% -58.42% 74.35% 194.49%
Net Income Growth		 138.72% 137.06% 22.83% 50.25% 84.99% -556.39% -42.09% -200.47% -77.44% 123.08% 146.07%
EPS Growth		 127.56% 0.00% 32.50% 57.30% 97.14% 0.00% -40.74% -186.84% -75.36% 0.00% 136.84%
Operating Cash Flow Growth		 56.63% 7.25% 56.74% 70.62% -44.52% -124.14% -8.78% 488.91% -36.59% 349.70% 28.23%
Free Cash Flow Firm Growth		 130.17% 101.60% -170.64% -27.58% 5.04% -5,099.28% -2,048.86% 476.61% 361.97% 601.75% 481.52%
Invested Capital Growth		 -3.22% 1.29% -2.28% -3.26% -1.49% 2.44% 0.57% -15.34% -26.26% -24.12% -12.16%
Revenue Q/Q Growth		 4.10% -20.20% -16.17% 3.62% 6.45% -11.34% 3.00% -8.09% -8.02% -15.66% 3.95%
EBITDA Q/Q Growth		 390.59% -15.93% -153.15% 121.13% 1,662.92% -122.25% -120.83% 111.83% 1,133.75% -77.47% 413.57%
EBIT Q/Q Growth		 159.70% -32.50% -358.63% 60.92% 425.52% -171.62% -57.52% 55.47% 209.84% -133.17% 534.13%
NOPAT Q/Q Growth		 201.29% -44.78% -288.93% 60.54% 559.86% -150.23% -52.18% 54.44% 219.41% -130.98% 660.61%
Net Income Q/Q Growth		 154.41% -54.44% -526.80% 52.98% 302.33% -212.40% -32.88% 0.57% 115.19% 14.96% 165.26%
EPS Q/Q Growth		 139.33% 0.00% 0.00% 53.09% 281.58% 0.00% 0.00% 4.39% 115.60% 0.00% 0.00%
Operating Cash Flow Q/Q Growth		 319.66% -1.16% -145.29% 70.12% 514.88% -143.00% -104.09% 206.82% -32.36% 69.33% -158.66%
Free Cash Flow Firm Q/Q Growth		 72.80% -98.39% -302.77% 1,381.71% 150.65% -176.75% 12.84% 443.92% 100.82% -16.65% -33.73%
Invested Capital Q/Q Growth		 -3.56% -4.04% 2.83% 1.66% -1.80% -0.21% 0.95% -14.42% -14.46% 2.68% 16.87%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 8.37% 10.36% 1.40% 6.11% 11.86% 1.05% 0.51% 7.52% 10.26% 9.36% 19.73%
EBITDA Margin		 5.60% 5.90% -3.74% 0.76% 12.64% -3.17% -6.80% 0.88% 11.74% 3.14% 15.49%
Operating Margin		 2.37% 2.28% -7.52% -2.86% 8.51% -7.01% -10.35% -5.13% 6.66% -2.45% 10.04%
EBIT Margin		 2.85% 2.41% -7.44% -2.81% 8.58% -6.93% -10.60% -5.14% 6.14% -2.41% 10.08%
Profit (Net Income) Margin		 2.95% 1.68% -8.56% -3.88% 7.38% -9.36% -12.08% -13.07% 2.16% 2.94% 7.51%
Tax Burden Percent		 143.10% 101.40% 102.83% 102.86% 100.95% 117.84% 101.33% 173.34% -70.90% -84.18% 92.04%
Interest Burden Percent		 72.18% 68.75% 111.87% 134.57% 85.23% 114.58% 112.40% 146.70% -49.62% 144.83% 80.93%
Effective Tax Rate		 -42.25% -2.23% 0.00% 0.00% -1.71% 0.00% 0.00% 0.00% 0.00% 0.00% 8.02%
Return on Invested Capital (ROIC)		 9.20% 6.39% -12.78% -4.39% 17.88% -9.84% -14.29% -7.37% 9.70% -3.28% 15.20%
ROIC Less NNEP Spread (ROIC-NNEP)		 7.60% 3.78% -18.88% -7.42% 15.05% -18.70% -21.65% -21.99% 3.99% 4.17% 13.16%
Return on Net Nonoperating Assets (RNNOA)		 1.74% 0.65% -6.51% -3.15% 4.65% -5.89% -10.01% -9.72% 1.04% 1.36% 6.21%
Return on Equity (ROE)		 10.94% 7.05% -19.29% -7.55% 22.53% -15.72% -24.30% -17.08% 10.74% -1.93% 21.41%
Cash Return on Invested Capital (CROIC)		 -2.23% -4.87% -0.47% 1.94% 2.04% -5.12% -4.20% 12.10% 23.90% 23.11% 15.31%
Operating Return on Assets (OROA)		 4.92% 3.91% -11.88% -4.18% 11.97% -9.16% -15.07% -7.30% 8.37% -3.00% 11.99%
Return on Assets (ROA)		 5.08% 2.73% -13.66% -5.79% 10.29% -12.37% -17.16% -18.55% 2.95% 3.66% 8.93%
Return on Common Equity (ROCE)		 9.38% 6.03% -17.61% -6.87% 20.65% -14.41% -23.98% -16.88% 10.62% -1.91% 21.21%
Return on Equity Simple (ROE_SIMPLE)		 -14.56% 0.00% -6.89% -4.25% -1.57% 0.00% -12.88% 0.00% 0.00% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 30 17 -31 -12 57 -29 -44 -20 24 -7.35 41
NOPAT Margin		 3.37% 2.33% -5.26% -2.00% 8.65% -4.90% -7.25% -3.59% 4.66% -1.71% 9.24%
Net Nonoperating Expense Percent (NNEP)		 1.60% 2.62% 6.10% 3.03% 2.83% 8.87% 7.36% 14.62% 5.71% -7.46% 2.05%
Return On Investment Capital (ROIC_SIMPLE)		 - 1.05% - - - -1.98% -3.16% -1.59% 2.10% -0.63% 3.21%
Cost of Revenue to Revenue		 91.63% 89.64% 98.60% 93.89% 88.14% 98.95% 99.49% 92.48% 89.74% 90.64% 80.27%
SG&A Expenses to Revenue		 3.96% 4.61% 5.32% 5.49% 4.05% 4.39% 7.13% 4.99% 5.77% 5.33% 4.38%
R&D to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 6.00% 8.08% 8.92% 8.97% 3.35% 8.06% 10.86% 12.65% 3.60% 11.81% 9.68%
Earnings before Interest and Taxes (EBIT)		 25 17 -44 -17 57 -40 -64 -28 31 -10 45
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 50 42 -22 4.72 83 -19 -41 4.84 60 13 69
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 2.16 1.78 1.55 1.18 0.95 0.71 0.39 0.54 0.75 0.89 1.46
Price to Tangible Book Value (P/TBV)		 2.16 1.78 1.55 1.18 0.95 0.71 0.39 0.54 0.75 0.89 1.46
Price to Revenue (P/Rev)		 0.51 0.46 0.45 0.36 0.34 0.25 0.13 0.16 0.26 0.33 0.59
Price to Earnings (P/E)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)		 1.76 1.54 1.39 1.12 0.96 0.80 0.61 0.68 0.79 0.91 1.33
Enterprise Value to Revenue (EV/Rev)		 0.64 0.57 0.57 0.50 0.46 0.40 0.31 0.30 0.32 0.41 0.76
Enterprise Value to EBITDA (EV/EBITDA)		 363.48 41.90 33.03 19.13 11.08 20.98 26.93 25.50 141.90 23.18 9.96
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 0.00 0.00 100.20 0.00 0.00 0.00 0.00 0.00 39.17
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 0.00 0.00 175.35 0.00 0.00 0.00 0.00 0.00 52.56
Enterprise Value to Operating Cash Flow (EV/OCF)		 45.62 33.16 14.13 8.95 10.97 0.00 0.00 18.50 43.74 7.75 11.58
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 56.88 46.63 0.00 0.00 5.17 2.81 3.41 8.13
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.67 0.61 0.69 0.69 0.59 0.66 0.71 0.69 0.46 0.52 0.62
Long-Term Debt to Equity		 0.50 0.50 0.54 0.55 0.46 0.49 0.54 0.58 0.40 0.47 0.49
Financial Leverage		 0.23 0.17 0.34 0.43 0.31 0.31 0.46 0.44 0.26 0.33 0.47
Leverage Ratio		 1.94 1.98 2.05 2.10 1.94 2.00 2.03 2.08 1.92 2.04 2.04
Compound Leverage Factor		 1.40 1.36 2.29 2.82 1.65 2.29 2.28 3.05 -0.95 2.96 1.65
Debt to Total Capital		 40.15% 37.72% 40.86% 40.92% 37.20% 39.68% 41.46% 40.70% 31.32% 34.10% 38.36%
Short-Term Debt to Total Capital		 9.93% 6.78% 8.66% 8.48% 8.36% 9.86% 10.12% 6.58% 4.17% 3.20% 8.05%
Long-Term Debt to Total Capital		 30.22% 30.94% 32.20% 32.45% 28.84% 29.83% 31.34% 34.12% 27.15% 30.90% 30.31%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 8.99% 9.20% 0.85% 0.90% 0.90% 0.64% 0.70% 0.42% 0.53% 0.49% 0.46%
Common Equity to Total Capital		 50.87% 53.07% 58.28% 58.17% 61.90% 59.67% 57.83% 58.88% 68.15% 65.41% 61.19%
Debt to EBITDA		 106.75 13.45 11.85 8.20 5.17 12.22 20.03 17.73 69.26 10.78 3.35
Net Debt to EBITDA		 46.95 4.96 6.57 5.17 2.83 7.77 15.60 11.56 27.79 4.57 2.10
Long-Term Debt to EBITDA		 80.34 11.03 9.34 6.50 4.01 9.18 15.14 14.86 60.04 9.76 2.65
Debt to NOPAT		 -9.26 -13.91 -17.80 -34.65 81.74 -17.32 -12.60 -9.62 -5.17 -8.49 17.68
Net Debt to NOPAT		 -4.07 -5.13 -9.87 -21.87 44.71 -11.02 -9.81 -6.27 -2.07 -3.60 11.10
Long-Term Debt to NOPAT		 -6.97 -11.41 -14.03 -27.47 63.37 -13.02 -9.52 -8.06 -4.48 -7.69 13.97
Altman Z-Score		 2.98 2.72 2.48 2.17 2.17 1.58 1.33 1.40 1.72 1.59 1.99
Noncontrolling Interest Sharing Ratio		 14.25% 14.50% 8.70% 8.93% 8.35% 8.35% 1.33% 1.16% 1.14% 0.91% 0.97%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 1.88 1.90 1.75 1.68 1.78 1.48 1.38 1.47 1.68 1.79 1.71
Quick Ratio		 1.17 1.15 0.97 0.90 0.96 0.69 0.60 0.71 0.83 0.96 0.57
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 72 1.16 -2.36 30 76 -58 -51 174 350 292 193
Operating Cash Flow to CapEx		 390.17% 373.44% -232.16% -85.47% 221.31% -98.31% -329.39% 527.64% 0.00% 696.03% -888.06%
Free Cash Flow to Firm to Interest Expense		 7.56 0.13 -0.30 4.04 7.51 -7.53 -5.69 12.54 7.33 47.90 16.84
Operating Cash Flow to Interest Expense		 11.84 12.88 -6.50 -2.02 6.22 -3.49 -6.18 4.23 0.83 11.05 -3.44
Operating Cash Flow Less CapEx to Interest Expense		 8.80 9.43 -9.30 -4.38 3.41 -7.04 -8.05 3.43 4.60 9.46 -3.83
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 1.73 1.62 1.60 1.49 1.39 1.32 1.42 1.42 1.36 1.24 1.19
Accounts Receivable Turnover		 26.78 32.46 31.53 24.38 23.79 25.97 26.68 27.00 28.14 24.71 21.16
Inventory Turnover		 14.42 12.66 12.15 11.67 11.76 10.51 12.36 13.17 13.38 10.41 10.50
Fixed Asset Turnover		 3.45 3.21 2.98 2.76 2.54 2.38 2.38 2.30 2.27 2.09 1.96
Accounts Payable Turnover		 25.76 14.88 22.69 24.24 19.16 13.64 20.70 21.79 21.58 13.49 17.96
Days Sales Outstanding (DSO)		 13.63 11.24 11.58 14.97 15.34 14.05 13.68 13.52 12.97 14.77 17.25
Days Inventory Outstanding (DIO)		 25.31 28.84 30.04 31.29 31.04 34.74 29.52 27.71 27.29 35.06 34.76
Days Payable Outstanding (DPO)		 14.17 24.54 16.09 15.06 19.05 26.76 17.63 16.75 16.91 27.05 20.32
Cash Conversion Cycle (CCC)		 24.77 15.55 25.53 31.20 27.33 22.03 25.57 24.48 23.35 22.78 31.68
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 1,262 1,211 1,245 1,266 1,243 1,241 1,252 1,072 917 941 1,100
Invested Capital Turnover		 2.73 2.74 2.43 2.19 2.07 2.01 1.97 2.05 2.08 1.92 1.65
Increase / (Decrease) in Invested Capital		 -42 15 -29 -43 -19 30 7.12 -194 -326 -299 -152
Enterprise Value (EV)		 2,226 1,868 1,734 1,423 1,193 988 769 731 724 859 1,464
Market Capitalization		 1,792 1,501 1,376 1,025 875 613 314 394 576 684 1,149
Book Value per Share		 $13.91 $14.18 $14.01 $13.42 $14.31 $13.38 $12.32 $11.24 $11.73 $10.97 $11.24
Tangible Book Value per Share		 $13.91 $14.18 $14.01 $13.42 $14.31 $13.38 $12.32 $11.24 $11.73 $10.97 $11.24
Total Capital		 1,628 1,590 1,523 1,491 1,495 1,450 1,379 1,249 1,128 1,171 1,283
Total Debt		 654 600 622 610 556 575 572 508 353 400 492
Total Long-Term Debt		 492 492 490 484 431 432 432 426 306 362 389
Net Debt		 287 221 345 385 304 366 445 331 142 169 309
Capital Expenditures (CapEx)		 29 30 22 18 28 27 17 11 -180 9.68 4.45
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 151 77 107 125 118 117 138 45 16 21 144
Debt-free Net Working Capital (DFNWC)		 517 456 384 350 370 326 264 221 228 251 328
Net Working Capital (NWC)		 355 348 252 223 245 183 125 139 181 214 224
Net Nonoperating Expense (NNE)		 3.83 4.65 20 12 8.37 26 29 52 13 -20 7.72
Net Nonoperating Obligations (NNO)		 287 221 345 385 304 366 445 331 142 169 309
Total Depreciation and Amortization (D&A)		 25 25 22 22 27 22 23 33 28 24 24
Debt-free, Cash-free Net Working Capital to Revenue		 4.31% 2.33% 3.48% 4.42% 4.57% 4.75% 5.58% 1.86% 0.71% 1.00% 7.46%
Debt-free Net Working Capital to Revenue		 14.78% 13.82% 12.55% 12.40% 14.31% 13.27% 10.72% 9.24% 10.13% 12.00% 16.92%
Net Working Capital to Revenue		 10.15% 10.55% 8.24% 7.92% 9.48% 7.46% 5.06% 5.81% 8.03% 10.21% 11.58%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.38 $0.12 ($0.81) ($0.38) $0.75 ($0.85) ($1.14) ($1.09) $0.17 $0.00 $0.48
Adjusted Weighted Average Basic Shares Outstanding		 58.91M 58.81M 63.34M 63.93M 63.95M 63.80M 64.07M 66.49M 69.86M 67.50M 68.84M
Adjusted Diluted Earnings per Share		 $0.35 $0.00 ($0.81) ($0.38) $0.69 $0.00 ($1.14) ($1.09) $0.17 $0.00 $0.42
Adjusted Weighted Average Diluted Shares Outstanding		 67.40M 58.81M 63.34M 63.93M 71.66M 63.80M 64.07M 66.49M 77.87M 67.50M 84.14M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 59.51M 64.26M 64.62M 64.66M 64.65M 64.73M 65.40M 65.57M 69.84M 69.84M 70.03M
Normalized Net Operating Profit after Tax (NOPAT)		 11 11 -31 -12 18 -29 -44 -9.52 -1.50 -7.35 41
Normalized NOPAT Margin		 1.22% 1.60% -5.26% -2.00% 2.69% -4.90% -7.25% -1.72% -0.29% -1.71% 9.24%
Pre Tax Income Margin		 2.06% 1.66% -8.32% -3.78% 7.31% -7.94% -11.92% -7.54% -3.04% -3.49% 8.16%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 2.67 1.98 -5.71 -2.32 5.60 -5.24 -7.16 -2.04 0.65 -1.70 3.91
NOPAT to Interest Expense		 3.15 1.92 -4.04 -1.65 5.65 -3.71 -4.89 -1.43 0.50 -1.21 3.59
EBIT Less CapEx to Interest Expense		 -0.37 -1.47 -8.51 -4.68 2.79 -8.79 -9.03 -2.85 4.42 -3.29 3.52
NOPAT Less CapEx to Interest Expense		 0.12 -1.53 -6.84 -4.01 2.84 -7.26 -6.76 -2.23 4.26 -2.79 3.20
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 -19.50% -29.79% -85.94% -45.75% -77.10% -13.69% 23.40% -3.42% -2.74% -0.59% 0.00%
Augmented Payout Ratio		 -19.50% -29.79% -85.94% -45.75% -77.10% -13.69% 23.40% -3.42% -2.74% -25.33% 0.00%

Financials Breakdown Chart

Key Financial Trends

Green Plains (NASDAQ: GPRE) showed a sharp rebound in profitability in Q1 2026, but operating cash flow remained deeply negative. The company posted $33.5 million in net income, compared with a loss in the prior quarter, but cash from operations was still a loss of $39.5 million. That mix suggests earnings improved on paper, while working-capital pressure and cash conversion remain a concern.

Revenue improved quarter over quarter, and gross margin expanded materially. Q1 2026 revenue rose to $445.8 million from $428.8 million in Q4 2025, while gross profit increased to $87.9 million from $40.2 million. Gross margin improved to about 19.7% from 9.4%, a meaningful step in the right direction.

That said, the long-term trend still looks choppy. Over the last four years, Green Plains has swung between profits and losses, with several quarters marked by heavy special charges, weak margins, and volatile interest expense. The company remains highly cyclical and sensitive to commodity and ethanol market conditions.

  • Q1 2026 net income rebounded to $33.5 million after Q4 2025 net income of $12.9 million and a much larger loss in Q2 2025.
  • Gross profit improved sharply to $87.9 million in Q1 2026 from $40.2 million in Q4 2025, showing better pricing/cost spread.
  • Operating income turned positive again at $44.8 million in Q1 2026, reversing the Q4 2025 operating loss of $10.5 million.
  • Cash and equivalents were healthy at $95.7 million, and restricted cash added another $87.4 million, giving the company a sizable liquidity cushion.
  • Total equity remained solid at $785.2 million, supported by a large common equity base.
  • Q1 2026 free cash generation was weak, because operating cash flow was negative and capex, debt service, and working-capital movements consumed cash.
  • Debt levels remain material, with $103.3 million of short-term debt and $388.9 million of long-term debt on the Q1 2026 balance sheet.
  • The company continues to rely on non-cash adjustments such as depreciation, amortization, and working-capital swings to bridge the gap between earnings and cash flow.
  • Operating cash flow was negative $39.5 million in Q1 2026, after being positive $67.3 million in Q4 2025, signaling poor cash conversion in the latest quarter.
  • Working capital was a major drag, with changes in operating assets and liabilities reducing cash by $98.8 million in Q1 2026.
  • Quarterly performance has been highly volatile over the past four years, including multiple quarters with large losses, special charges, and heavy debt-related cash outflows.

Balance sheet trends are mixed. Compared with Q1 2025, total debt is lower, which is encouraging, but current liabilities remain significant and the business still carries a lot of leverage relative to earnings power. Green Plains’ balance sheet is not in distress, but it does not leave a huge margin for error if margins weaken again.

Bottom line: Green Plains is showing signs of operational recovery in 2026, especially in margins and reported earnings, but the cash-flow picture is still fragile. For investors, the key question is whether the recent profit rebound can be sustained without another round of heavy financing needs or margin compression.

07/26/26 10:55 AM ETAI Generated. May Contain Errors.

Green Plains Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Green Plains' fiscal year ends in December. Their fiscal year 2025 ended on December 31, 2025.

Green Plains' net income appears to be on an upward trend, with a most recent value of -$121.28 million in 2025, falling from $15.23 million in 2015. The previous period was -$81.19 million in 2024. See where experts think Green Plains is headed by visiting Green Plains' forecast page.

Green Plains' total operating income in 2025 was -$67.25 million, based on the following breakdown:
  • Total Gross Profit: $136.93 million
  • Total Operating Expenses: $204.17 million

Over the last 10 years, Green Plains' total revenue changed from $2.97 billion in 2015 to $2.09 billion in 2025, a change of -29.5%.

Green Plains' total liabilities were at $812.92 million at the end of 2025, a 10.4% decrease from 2024, and a 15.2% decrease since 2015.

In the past 10 years, Green Plains' cash and equivalents has ranged from $173.04 million in 2024 to $444.66 million in 2022, and is currently $182.32 million as of their latest financial filing in 2025.

Over the last 10 years, Green Plains' book value per share changed from 21.06 in 2015 to 10.97 in 2025, a change of -47.9%.


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Financial statements for NASDAQ:GPRE last updated on 5/9/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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