Honest (HNST) Financials

$5.38 -0.08 (-1.47%)

As of 05/20/2025 04:00 PM Eastern

Annual Income Statements for Honest

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

Metric	2024	2023	2022
Period end date	12/31/2024	12/31/2023	12/31/2022
Net Income / (Loss) Attributable to Common Shareholders	-6.12	-39	-49
Consolidated Net Income / (Loss)	-6.12	-39	-49
Net Income / (Loss) Continuing Operations	-6.12	-39	-49
Total Pre-Tax Income	-6.05	-39	-49
Total Operating Income	-6.33	-39	-50
Total Gross Profit	145	101	92
Total Revenue	378	344	314
Operating Revenue	378	344	314
Total Cost of Revenue	234	244	221
Operating Cost of Revenue	234	244	221
Total Operating Expenses	151	139	142
Selling, General & Admin Expense	99	95	87
Marketing Expense	45	36	48
Research & Development Expense	6.85	6.21	7.00
Restructuring Charge	0.00	2.21	0.00
Total Other Income / (Expense), net	0.28	-0.25	0.87
Other Income / (Expense), net	0.28	-0.25	0.87
Income Tax Expense	0.08	0.08	0.11
Basic Earnings per Share	($0.06)	($0.42)	($0.53)
Weighted Average Basic Shares Outstanding	100.25M	94.52M	92.20M
Diluted Earnings per Share	($0.06)	($0.42)	($0.53)
Weighted Average Diluted Shares Outstanding	100.25M	94.52M	92.20M
Weighted Average Basic & Diluted Shares Outstanding	108.91M	95.89M	93.35M

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

Metric	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Income / (Loss) Attributable to Common Shareholders	-0.81	0.17	-4.08	-1.40	1.14	-8.10	-13	-19	-13	-12
Consolidated Net Income / (Loss)	-0.81	0.17	-4.08	-1.40	1.14	-8.10	-13	-19	-13	-12
Net Income / (Loss) Continuing Operations	-0.81	0.17	-4.08	-1.40	1.14	-8.10	-13	-19	-13	-12
Total Pre-Tax Income	-0.79	0.18	-4.06	-1.38	1.14	-8.06	-13	-19	-13	-12
Total Operating Income	-1.03	0.06	-4.05	-1.32	1.13	-7.99	-13	-19	-13	-12
Total Gross Profit	39	38	36	32	30	27	23	20	23	26
Total Revenue	100	99	93	86	90	86	85	83	82	85
Operating Revenue	100	99	93	86	90	86	85	83	82	85
Total Cost of Revenue	61	61	57	54	60	59	62	63	59	59
Operating Cost of Revenue	61	61	57	54	60	59	62	63	59	59
Total Operating Expenses	40	38	40	33	29	35	36	39	35	37
Selling, General & Admin Expense	27	23	26	22	20	24	25	26	24	23
Marketing Expense	11	13	12	9.10	7.84	9.11	9.26	10	9.66	12
Research & Development Expense	1.71	1.74	1.71	1.68	1.58	1.58	1.60	1.46	1.35	1.73
Total Other Income / (Expense), net	0.24	0.13	-0.02	-0.06	0.02	-0.07	-0.01	-0.19	0.21	-0.03
Other Income / (Expense), net	0.24	0.13	-0.02	-0.06	0.02	-0.07	-0.01	-0.19	0.21	-0.03
Income Tax Expense	0.02	0.02	0.01	0.03	-	0.04	0.02	0.02	0.05	0.02
Basic Earnings per Share	($0.01)	$0.00	($0.04)	($0.01)	$0.01	($0.09)	($0.14)	($0.20)	($0.13)	($0.13)
Weighted Average Basic Shares Outstanding	100.25M	100.69M	99.08M	96.27M	94.52M	95.18M	94.10M	93.11M	92.20M	92.46M
Diluted Earnings per Share	($0.01)	$0.00	($0.04)	($0.01)	$0.01	($0.09)	($0.14)	($0.20)	($0.13)	($0.13)
Weighted Average Diluted Shares Outstanding	100.25M	104.59M	99.08M	96.27M	94.52M	95.18M	94.10M	93.11M	92.20M	92.46M
Weighted Average Basic & Diluted Shares Outstanding	108.91M	100.96M	100.08M	98.64M	95.89M	95.47M	94.98M	93.43M	93.35M	92.67M

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

Metric	2024	2023	2022
Period end date	12/31/2024	12/31/2023	12/31/2022
Net Change in Cash & Equivalents	43	23	-41
Net Cash From Operating Activities	1.54	19	-76
Net Cash From Continuing Operating Activities	1.54	19	-76
Net Income / (Loss) Continuing Operations	-6.12	-39	-49
Consolidated Net Income / (Loss)	-6.12	-39	-49
Depreciation Expense	2.84	2.74	2.75
Amortization Expense	6.44	6.26	6.18
Non-Cash Adjustments To Reconcile Net Income	7.57	8.12	8.07
Changes in Operating Assets and Liabilities, net	-9.19	41	-44
Net Cash From Investing Activities	-0.53	3.84	35
Net Cash From Continuing Investing Activities	-0.53	3.84	35
Purchase of Property, Plant & Equipment	-0.53	-1.84	-1.62
Acquisitions	0.00	-0.01	0.00
Purchase of Investments	0.00	0.00	-13
Sale and/or Maturity of Investments	0.00	5.68	49
Net Cash From Financing Activities	42	0.12	0.04
Net Cash From Continuing Financing Activities	42	0.12	0.04
Issuance of Common Equity	0.16	0.18	0.26
Other Financing Activities, net	41	-0.05	-0.22
Cash Interest Paid	0.00	0.00	0.01
Cash Income Taxes Paid	0.09	0.12	0.10

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

Metric	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Change in Cash & Equivalents	22	17	3.01	0.76	9.72	5.26	8.62	-0.30	-15	-16
Net Cash From Operating Activities	-17	15	2.95	0.34	9.92	5.67	6.52	-2.76	-26	-25
Net Cash From Continuing Operating Activities	-17	15	2.95	0.34	9.92	5.67	6.52	-2.76	-26	-25
Net Income / (Loss) Continuing Operations	-0.81	0.17	-4.08	-1.40	1.14	-8.10	-13	-19	-13	-12
Consolidated Net Income / (Loss)	-0.81	0.17	-4.08	-1.40	1.14	-8.10	-13	-19	-13	-12
Depreciation Expense	0.71	0.71	0.71	0.72	0.72	0.68	0.67	0.67	0.73	0.64
Non-Cash Adjustments To Reconcile Net Income	0.03	-3.89	8.91	2.52	-0.04	1.77	2.61	3.77	-3.29	7.23
Changes in Operating Assets and Liabilities, net	-23	18	-2.59	-1.50	1.84	11	17	12	-17	-21
Net Cash From Investing Activities	-0.35	-0.09	-0.02	-0.08	-0.26	-0.40	2.02	2.48	11	9.08
Net Cash From Continuing Investing Activities	-0.35	-0.09	-0.02	-0.08	-0.26	-0.40	2.02	2.48	11	9.08
Purchase of Property, Plant & Equipment	-0.35	-0.09	-0.02	-0.08	-0.25	-0.40	-0.71	-0.47	-0.18	-0.69
Net Cash From Financing Activities	39	1.86	0.08	0.50	0.06	-0.01	0.09	-0.02	0.08	-0.08
Net Cash From Continuing Financing Activities	39	1.86	0.08	0.50	0.06	-0.01	0.09	-0.02	0.08	-0.08
Issuance of Common Equity	0.08	-	-	-	0.07	-	-	-	0.10	-
Other Financing Activities, net	39	1.86	-0.01	0.50	-0.01	-0.01	-0.01	-0.02	-0.02	-0.08

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

Metric	2024	2023	2022
Period end date	12/31/2024	12/31/2023	12/31/2022
Total Assets	247	202	241
Total Current Assets	214	158	189
Cash & Equivalents	75	33	9.52
Note & Lease Receivable	43	43	42
Inventories, net	85	73	116
Prepaid Expenses	9.74	8.37	16
Plant, Property, & Equipment, net	11	13	14
Total Noncurrent Assets	22	30	37
Goodwill	2.23	2.23	2.23
Intangible Assets	0.24	0.31	0.37
Other Noncurrent Operating Assets	20	28	35
Total Liabilities & Shareholders' Equity	247	202	241
Total Liabilities	73	78	94
Total Current Liabilities	60	57	64
Accounts Payable	23	22	25
Accrued Expenses	36	32	38
Current Deferred Revenue	1.21	2.21	0.82
Total Noncurrent Liabilities	13	22	31
Other Noncurrent Operating Liabilities	13	22	31
Commitments & Contingencies	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	174	123	146
Total Preferred & Common Equity	174	123	146
Preferred Stock	0.00	0.00	0.00
Total Common Equity	174	123	146
Common Stock	659	602	586
Retained Earnings	-485	-479	-440

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

Metric	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022
Period end date	9/30/2024	6/30/2024	3/31/2024	9/30/2023	6/30/2023	3/31/2023	9/30/2022
Total Assets	209	200	198	196	193	213	248
Total Current Assets	173	162	156	150	145	164	194
Cash & Equivalents	53	37	34	23	18	9.22	24
Note & Lease Receivable	36	43	41	38	36	45	39
Inventories, net	75	74	75	80	82	98	100
Prepaid Expenses	8.97	8.61	7.77	8.77	8.69	8.09	14
Plant, Property, & Equipment, net	12	12	13	14	14	14	0.00
Total Noncurrent Assets	24	26	29	32	34	36	54
Goodwill	2.23	2.23	2.23	2.23	2.23	2.23	2.23
Intangible Assets	0.25	0.27	0.29	0.33	0.34	0.35	0.39
Other Noncurrent Operating Assets	22	23	26	4.25	31	33	51
Total Liabilities & Shareholders' Equity	209	200	198	196	193	213	248
Total Liabilities	75	70	73	76	68	82	93
Total Current Liabilities	60	53	54	52	42	54	61
Accounts Payable	24	20	25	18	15	25	31
Accrued Expenses	34	31	26	31	25	27	30
Current Deferred Revenue	1.65	1.68	1.94	1.86	1.72	1.49	0.78
Total Noncurrent Liabilities	15	18	20	24	26	28	32
Other Noncurrent Operating Liabilities	15	18	20	0.22	26	28	32
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	134	130	125	120	124	131	155
Total Preferred & Common Equity	134	130	125	120	124	131	155
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	134	130	125	120	124	131	155
Common Stock	618	614	605	600	597	590	582
Retained Earnings	-484	-485	-480	-480	-472	-459	-427

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

Metric	2024	2023	2022
Period end date	12/31/2024	12/31/2023	12/31/2022
Growth Metrics	-	-	-
Revenue Growth	9.87%	9.79%	-1.57%
EBITDA Growth	110.73%	24.54%	-16.02%
EBIT Growth	84.55%	19.93%	-26.70%
NOPAT Growth	83.73%	21.84%	-35.18%
Net Income Growth	84.39%	19.95%	-26.73%
EPS Growth	85.71%	20.75%	-23.26%
Operating Cash Flow Growth	-92.04%	125.37%	-99.91%
Free Cash Flow Firm Growth	-195.21%	132.04%	-16.15%
Invested Capital Growth	9.48%	-31.16%	6.27%
Revenue Q/Q Growth	2.60%	2.50%	0.47%
EBITDA Q/Q Growth	356.17%	39.79%	5.59%
EBIT Q/Q Growth	-47.00%	25.90%	-7.78%
NOPAT Q/Q Growth	-51.64%	26.30%	-9.11%
Net Income Q/Q Growth	-46.79%	25.93%	-7.85%
EPS Q/Q Growth	-50.00%	25.00%	-12.77%
Operating Cash Flow Q/Q Growth	-94.55%	219.65%	-45.39%
Free Cash Flow Firm Q/Q Growth	-134.79%	131.44%	-120.74%
Invested Capital Q/Q Growth	22.93%	-25.17%	14.83%
Profitability Metrics	-	-	-
Gross Margin	38.23%	29.19%	29.43%
EBITDA Margin	0.86%	-8.76%	-12.75%
Operating Margin	-1.67%	-11.30%	-15.87%
EBIT Margin	-1.60%	-11.37%	-15.59%
Profit (Net Income) Margin	-1.62%	-11.39%	-15.63%
Tax Burden Percent	101.24%	100.19%	100.22%
Interest Burden Percent	100.00%	100.00%	100.00%
Effective Tax Rate	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	-4.69%	-24.59%	-27.37%
ROIC Less NNEP Spread (ROIC-NNEP)	-1.56%	25.42%	12.66%
Return on Net Nonoperating Assets (RNNOA)	0.57%	-4.53%	-2.75%
Return on Equity (ROE)	-4.12%	-29.12%	-30.12%
Cash Return on Invested Capital (CROIC)	-13.73%	12.32%	-33.45%
Operating Return on Assets (OROA)	-2.69%	-17.71%	-19.06%
Return on Assets (ROA)	-2.73%	-17.75%	-19.10%
Return on Common Equity (ROCE)	-4.12%	-29.12%	-30.12%
Return on Equity Simple (ROE_SIMPLE)	-3.51%	-31.86%	-33.49%
Net Operating Profit after Tax (NOPAT)	-4.43	-27	-35
NOPAT Margin	-1.17%	-7.91%	-11.11%
Net Nonoperating Expense Percent (NNEP)	-3.13%	-50.01%	-40.03%
Return On Investment Capital (ROIC_SIMPLE)	-2.54%	-22.12%	-23.81%
Cost of Revenue to Revenue	61.77%	70.81%	70.57%
SG&A Expenses to Revenue	26.18%	27.47%	27.84%
R&D to Revenue	1.81%	1.80%	2.23%
Operating Expenses to Revenue	39.91%	40.49%	45.30%
Earnings before Interest and Taxes (EBIT)	-6.05	-39	-49
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	3.24	-30	-40
Valuation Ratios	-	-	-
Price to Book Value (P/BV)	4.01	2.56	1.91
Price to Tangible Book Value (P/TBV)	4.07	2.61	1.94
Price to Revenue (P/Rev)	1.85	0.91	0.89
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)	6.31	3.13	2.01
Enterprise Value to Revenue (EV/Rev)	1.65	0.82	0.84
Enterprise Value to EBITDA (EV/EBITDA)	192.78	0.00	0.00
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)	405.08	14.58	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	20.68	0.00
Leverage & Solvency	-	-	-
Debt to Equity	0.00	0.00	0.00
Long-Term Debt to Equity	0.00	0.00	0.00
Financial Leverage	-0.36	-0.18	-0.22
Leverage Ratio	1.51	1.64	1.58
Compound Leverage Factor	1.51	1.64	1.58
Debt to Total Capital	0.00%	0.00%	0.00%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	0.00%	0.00%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%
Common Equity to Total Capital	100.00%	100.00%	100.00%
Debt to EBITDA	0.00	0.00	0.00
Net Debt to EBITDA	0.00	0.00	0.00
Long-Term Debt to EBITDA	0.00	0.00	0.00
Debt to NOPAT	0.00	0.00	0.00
Net Debt to NOPAT	0.00	0.00	0.00
Long-Term Debt to NOPAT	0.00	0.00	0.00
Altman Z-Score	5.19	0.75	0.48
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-
Current Ratio	3.57	2.78	2.97
Quick Ratio	1.99	1.34	0.90
Cash Flow Metrics	-	-	-
Free Cash Flow to Firm (FCFF)	-13	14	-43
Operating Cash Flow to CapEx	290.75%	1,052.94%	-4,717.07%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00
Efficiency Ratios	-	-	-
Asset Turnover	1.69	1.56	1.22
Accounts Receivable Turnover	0.00	0.00	0.00
Inventory Turnover	2.94	2.58	2.31
Fixed Asset Turnover	30.41	24.76	9.32
Accounts Payable Turnover	10.36	10.37	8.27
Days Sales Outstanding (DSO)	0.00	0.00	0.00
Days Inventory Outstanding (DIO)	123.98	141.57	157.76
Days Payable Outstanding (DPO)	35.22	35.21	44.11
Cash Conversion Cycle (CCC)	88.77	106.36	113.65
Capital & Investment Metrics	-	-	-
Invested Capital	99	90	131
Invested Capital Turnover	4.00	3.11	2.46
Increase / (Decrease) in Invested Capital	8.56	-41	7.74
Enterprise Value (EV)	624	282	264
Market Capitalization	700	315	279
Book Value per Share	$1.73	$1.29	$1.58
Tangible Book Value per Share	$1.70	$1.26	$1.55
Total Capital	174	123	146
Total Debt	0.00	0.00	0.00
Total Long-Term Debt	0.00	0.00	0.00
Net Debt	-75	-33	-15
Capital Expenditures (CapEx)	0.53	1.84	1.62
Debt-free, Cash-free Net Working Capital (DFCFNWC)	79	68	110
Debt-free Net Working Capital (DFNWC)	154	101	126
Net Working Capital (NWC)	154	101	126
Net Nonoperating Expense (NNE)	1.69	12	14
Net Nonoperating Obligations (NNO)	-75	-33	-15
Total Depreciation and Amortization (D&A)	9.29	9.00	8.93
Debt-free, Cash-free Net Working Capital to Revenue	20.77%	19.81%	35.20%
Debt-free Net Working Capital to Revenue	40.71%	29.35%	40.03%
Net Working Capital to Revenue	40.71%	29.35%	40.03%
Earnings Adjustments	-	-	-
Adjusted Basic Earnings per Share	($0.06)	($0.42)	($0.53)
Adjusted Weighted Average Basic Shares Outstanding	100.25M	94.52M	92.20M
Adjusted Diluted Earnings per Share	($0.06)	($0.42)	($0.53)
Adjusted Weighted Average Diluted Shares Outstanding	100.25M	94.52M	92.20M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	108.91M	95.89M	93.35M
Normalized Net Operating Profit after Tax (NOPAT)	-4.43	-26	-35
Normalized NOPAT Margin	-1.17%	-7.46%	-11.11%
Pre Tax Income Margin	-1.60%	-11.37%	-15.59%
Debt Service Ratios	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00
Payout Ratios	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.00%	0.00%

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

Metric	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	10.61%	15.17%	10.06%	3.39%	10.27%	1.88%	7.71%	21.35%	1.84%	2.33%
EBITDA Growth	-104.30%	112.06%	73.63%	96.36%	115.76%	33.67%	-36.44%	-30.92%	-47.63%	-171.70%
EBIT Growth	-169.20%	102.28%	69.66%	92.69%	109.11%	31.48%	-34.07%	-29.04%	-39.15%	-130.11%
NOPAT Growth	-163.79%	100.91%	69.78%	92.95%	112.63%	31.92%	-24.66%	-28.28%	-48.32%	-155.86%
Net Income Growth	-170.78%	102.04%	69.61%	92.56%	109.08%	31.30%	-34.00%	-29.00%	-39.53%	-129.52%
EPS Growth	-200.00%	100.00%	71.43%	95.00%	107.69%	30.77%	-27.27%	-25.00%	-85.71%	-116.67%
Operating Cash Flow Growth	-269.57%	165.91%	-54.82%	112.17%	138.75%	122.45%	160.93%	81.22%	-1,326.52%	-573.43%
Free Cash Flow Firm Growth	-122.09%	434.97%	153.60%	165.42%	352.02%	-371.87%	-204.11%	-295.63%	1.40%	103.40%
Invested Capital Growth	9.48%	-33.36%	-12.64%	-23.60%	-31.16%	5.64%	10.90%	31.49%	6.27%	-9.96%
Revenue Q/Q Growth	0.60%	6.65%	7.92%	-4.48%	4.75%	1.92%	1.39%	1.87%	-3.22%	7.75%
EBITDA Q/Q Growth	-108.99%	126.53%	-407.56%	-135.50%	125.22%	41.98%	30.01%	-53.86%	-6.16%	-19.33%
EBIT Q/Q Growth	-529.89%	104.53%	-194.92%	-220.56%	114.18%	39.81%	28.92%	-50.26%	-6.59%	-17.77%
NOPAT Q/Q Growth	-1,507.83%	101.81%	-207.60%	-181.60%	120.16%	40.30%	28.25%	-46.26%	-8.67%	-9.31%
Net Income Q/Q Growth	-590.30%	104.05%	-190.59%	-222.75%	114.11%	39.64%	28.89%	-49.82%	-6.83%	-17.74%
EPS Q/Q Growth	0.00%	100.00%	-300.00%	-200.00%	111.11%	35.71%	30.00%	-53.85%	0.00%	-18.18%
Operating Cash Flow Q/Q Growth	-211.53%	412.22%	776.49%	-96.61%	74.90%	-12.98%	336.11%	89.22%	-1.34%	-136.14%
Free Cash Flow Firm Q/Q Growth	-123.01%	279.12%	-60.96%	-35.15%	448.99%	39.34%	52.35%	-149.82%	-476.47%	-76.77%
Invested Capital Q/Q Growth	22.93%	-13.60%	2.09%	0.96%	-25.17%	13.27%	-10.72%	-9.03%	14.83%	18.91%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	38.83%	38.69%	38.27%	36.98%	33.49%	31.57%	27.08%	24.23%	27.49%	30.29%
EBITDA Margin	-0.08%	0.90%	-3.61%	-0.77%	2.06%	-8.57%	-15.05%	-21.80%	-14.43%	-13.16%
Operating Margin	-1.03%	0.06%	-4.35%	-1.53%	1.25%	-9.27%	-15.83%	-22.37%	-15.58%	-13.88%
EBIT Margin	-0.79%	0.19%	-4.37%	-1.60%	1.27%	-9.36%	-15.85%	-22.60%	-15.32%	-13.91%
Profit (Net Income) Margin	-0.81%	0.17%	-4.38%	-1.63%	1.27%	-9.40%	-15.87%	-22.63%	-15.38%	-13.94%
Tax Burden Percent	102.28%	89.67%	100.32%	101.81%	100.00%	100.43%	100.15%	100.11%	100.40%	100.17%
Interest Burden Percent	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Effective Tax Rate	0.00%	10.33%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	-2.88%	0.19%	-10.84%	-3.52%	3.89%	-18.57%	-36.58%	-48.95%	-26.87%	-25.15%
ROIC Less NNEP Spread (ROIC-NNEP)	-2.72%	-0.24%	-6.27%	-1.40%	3.82%	-6.09%	-27.03%	-36.05%	-16.53%	-17.51%
Return on Net Nonoperating Assets (RNNOA)	0.99%	0.05%	1.34%	0.25%	-0.68%	0.89%	7.97%	10.82%	3.60%	4.89%
Return on Equity (ROE)	-1.89%	0.24%	-9.50%	-3.27%	3.20%	-17.68%	-28.61%	-38.13%	-23.28%	-20.26%
Cash Return on Invested Capital (CROIC)	-13.73%	37.14%	4.92%	12.41%	12.32%	-36.94%	-49.40%	-63.12%	-33.45%	-16.00%
Operating Return on Assets (OROA)	-1.34%	0.34%	-7.91%	-2.70%	1.97%	-14.16%	-23.44%	-31.55%	-18.73%	-16.62%
Return on Assets (ROA)	-1.37%	0.30%	-7.94%	-2.75%	1.97%	-14.23%	-23.47%	-31.59%	-18.80%	-16.65%
Return on Common Equity (ROCE)	-1.89%	0.24%	-9.50%	-3.27%	3.20%	-17.68%	-28.61%	-38.13%	-23.28%	-20.26%
Return on Equity Simple (ROE_SIMPLE)	0.00%	-3.12%	-9.59%	-17.45%	0.00%	-44.14%	-45.55%	-40.57%	0.00%	-29.31%
Net Operating Profit after Tax (NOPAT)	-0.72	0.05	-2.83	-0.92	1.13	-5.59	-9.37	-13	-8.93	-8.22
NOPAT Margin	-0.72%	0.05%	-3.04%	-1.07%	1.25%	-6.49%	-11.08%	-15.66%	-10.91%	-9.72%
Net Nonoperating Expense Percent (NNEP)	-0.17%	0.43%	-4.58%	-2.12%	0.06%	-12.47%	-9.55%	-12.89%	-10.35%	-7.64%
Return On Investment Capital (ROIC_SIMPLE)	-0.41%	-	-	-	0.92%	-	-	-	-6.10%	-
Cost of Revenue to Revenue	61.17%	61.31%	61.73%	63.02%	66.51%	68.43%	72.92%	75.77%	72.51%	69.71%
SG&A Expenses to Revenue	26.81%	23.61%	28.41%	26.00%	21.70%	28.02%	29.61%	30.96%	29.62%	27.77%
R&D to Revenue	1.72%	1.76%	1.84%	1.95%	1.75%	1.84%	1.89%	1.75%	1.65%	2.04%
Operating Expenses to Revenue	39.86%	38.63%	42.62%	38.50%	32.24%	40.85%	42.92%	46.60%	43.08%	44.17%
Earnings before Interest and Taxes (EBIT)	-0.79	0.18	-4.06	-1.38	1.14	-8.06	-13	-19	-13	-12
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-0.08	0.89	-3.36	-0.66	1.86	-7.38	-13	-18	-12	-11
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	4.01	2.67	2.22	3.11	2.56	1.00	1.26	1.28	1.91	2.09
Price to Tangible Book Value (P/TBV)	4.07	2.72	2.26	3.18	2.61	1.02	1.29	1.31	1.94	2.12
Price to Revenue (P/Rev)	1.85	0.97	0.81	1.12	0.91	0.36	0.47	0.51	0.89	1.04
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)	6.31	3.78	2.70	3.89	3.13	1.00	1.31	1.31	2.01	2.47
Enterprise Value to Revenue (EV/Rev)	1.65	0.82	0.71	1.02	0.82	0.36	0.42	0.48	0.84	0.91
Enterprise Value to EBITDA (EV/EBITDA)	192.78	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	405.08	10.74	13.32	15.80	14.58	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	8.14	51.21	27.15	20.68	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.20	0.00	0.00	0.00	0.00
Long-Term Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.20	0.00	0.00	0.00	0.00
Financial Leverage	-0.36	-0.21	-0.21	-0.18	-0.18	-0.15	-0.29	-0.30	-0.22	-0.28
Leverage Ratio	1.51	1.59	1.55	1.61	1.64	1.61	1.57	1.57	1.58	1.56
Compound Leverage Factor	1.51	1.59	1.55	1.61	1.64	1.61	1.57	1.57	1.58	1.56
Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	16.54%	0.00%	0.00%	0.00%	0.00%
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	0.00%	0.00%	0.00%	0.00%	0.00%	16.54%	0.00%	0.00%	0.00%	0.00%
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	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	100.00%	100.00%	100.00%	100.00%	100.00%	83.46%	100.00%	100.00%	100.00%	100.00%
Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	-0.47	0.00	0.00	0.00	0.00
Net Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	-0.01	0.00	0.00	0.00	0.00
Long-Term Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	-0.47	0.00	0.00	0.00	0.00
Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	-0.64	0.00	0.00	0.00	0.00
Net Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	-0.02	0.00	0.00	0.00	0.00
Long-Term Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	-0.64	0.00	0.00	0.00	0.00
Altman Z-Score	5.26	2.02	1.43	2.13	1.41	-0.30	0.10	0.08	0.97	1.42
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	3.57	2.89	3.06	2.91	2.78	2.90	3.45	3.05	2.97	3.16
Quick Ratio	1.99	1.49	1.51	1.38	1.34	1.19	1.28	1.06	0.90	1.30
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-9.28	40	11	27	42	-12	-20	-42	-17	4.43
Operating Cash Flow to CapEx	-4,862.72%	16,220.43%	19,633.33%	442.11%	3,968.80%	1,411.19%	914.31%	-583.72%	-13,916.30%	-3,661.88%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.69	1.82	1.81	1.69	1.56	1.51	1.48	1.40	1.22	1.19
Accounts Receivable Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Inventory Turnover	2.94	3.02	2.96	2.72	2.58	2.70	2.85	2.60	2.31	2.45
Fixed Asset Turnover	30.41	28.74	26.89	25.77	24.76	0.00	0.00	22.57	9.32	0.00
Accounts Payable Turnover	10.36	10.86	13.33	9.31	10.37	9.89	9.54	9.61	8.27	7.05
Days Sales Outstanding (DSO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Inventory Outstanding (DIO)	123.98	120.98	123.19	134.34	141.57	134.94	127.94	140.40	157.76	148.94
Days Payable Outstanding (DPO)	35.22	33.61	27.39	39.21	35.21	36.92	38.24	37.98	44.11	51.74
Cash Conversion Cycle (CCC)	88.77	87.37	95.80	95.13	106.36	98.02	89.70	102.42	113.65	97.20
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	99	80	93	91	90	121	107	119	131	114
Invested Capital Turnover	4.00	3.67	3.56	3.30	3.11	2.86	3.30	3.13	2.46	2.59
Increase / (Decrease) in Invested Capital	8.56	-40	-13	-28	-41	6.44	10	29	7.74	-13
Enterprise Value (EV)	624	304	251	355	282	120	139	156	264	283
Market Capitalization	700	357	288	388	315	120	157	168	279	323
Book Value per Share	$1.73	$1.34	$1.31	$1.30	$1.29	$1.26	$1.33	$1.41	$1.58	$1.68
Tangible Book Value per Share	$1.70	$1.31	$1.29	$1.27	$1.26	$1.24	$1.30	$1.38	$1.55	$1.65
Total Capital	174	134	130	125	123	144	124	131	146	155
Total Debt	0.00	0.00	0.00	0.00	0.00	24	0.00	0.00	0.00	0.00
Total Long-Term Debt	0.00	0.00	0.00	0.00	0.00	24	0.00	0.00	0.00	0.00
Net Debt	-75	-53	-37	-34	-33	0.69	-18	-12	-15	-41
Capital Expenditures (CapEx)	0.35	0.09	0.02	0.08	0.25	0.40	0.71	0.47	0.18	0.69
Debt-free, Cash-free Net Working Capital (DFCFNWC)	79	60	73	69	68	75	85	98	110	92
Debt-free Net Working Capital (DFNWC)	154	113	109	103	101	98	103	110	126	133
Net Working Capital (NWC)	154	113	109	103	101	98	103	110	126	133
Net Nonoperating Expense (NNE)	0.09	-0.11	1.25	0.48	-0.02	2.50	4.05	5.81	3.66	3.57
Net Nonoperating Obligations (NNO)	-75	-53	-37	-34	-33	0.69	-18	-12	-15	-41
Total Depreciation and Amortization (D&A)	0.71	0.71	0.71	0.72	0.72	0.68	0.67	0.67	0.73	0.64
Debt-free, Cash-free Net Working Capital to Revenue	20.77%	16.24%	20.44%	19.91%	19.81%	22.31%	25.37%	29.88%	35.20%	29.51%
Debt-free Net Working Capital to Revenue	40.71%	30.73%	30.72%	29.58%	29.35%	29.19%	30.70%	33.52%	40.03%	42.59%
Net Working Capital to Revenue	40.71%	30.73%	30.72%	29.58%	29.35%	29.19%	30.70%	33.52%	40.03%	42.59%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.01)	$0.00	($0.04)	($0.01)	$0.01	($0.09)	($0.14)	($0.20)	($0.13)	($0.13)
Adjusted Weighted Average Basic Shares Outstanding	100.25M	100.69M	99.08M	96.27M	94.52M	95.18M	94.10M	93.11M	92.20M	92.46M
Adjusted Diluted Earnings per Share	($0.01)	$0.00	($0.04)	($0.01)	$0.01	($0.09)	($0.14)	($0.20)	($0.13)	($0.13)
Adjusted Weighted Average Diluted Shares Outstanding	100.25M	104.59M	99.08M	96.27M	94.52M	95.18M	94.10M	93.11M	92.20M	92.46M
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	108.91M	100.96M	100.08M	98.64M	95.89M	95.47M	94.98M	93.43M	93.35M	92.67M
Normalized Net Operating Profit after Tax (NOPAT)	-0.72	0.05	-2.83	-0.92	0.86	-5.34	-9.09	-12	-8.93	-8.22
Normalized NOPAT Margin	-0.72%	0.05%	-3.04%	-1.07%	0.95%	-6.20%	-10.76%	-14.53%	-10.91%	-9.72%
Pre Tax Income Margin	-0.79%	0.19%	-4.37%	-1.60%	1.27%	-9.36%	-15.85%	-22.60%	-15.32%	-13.91%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions About Honest's Financials

When does Honest's fiscal year end?

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

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

Honest's net income appears to be on a downward trend, with a most recent value of -$6.12 million in 2024, falling from -$49.02 million in 2022. The previous period was -$39.24 million in 2023. See Honest's forecast for analyst expectations on what’s next for the company.

What is Honest's operating income?

Honest's total operating income in 2024 was -$6.33 million, based on the following breakdown:

Total Gross Profit: $144.66 million
Total Operating Expenses: $150.99 million

How has Honest revenue changed over the last 2 years?

Over the last 2 years, Honest's total revenue changed from $313.65 million in 2022 to $378.34 million in 2024, a change of 20.6%.

How much debt does Honest have?

Honest's total liabilities were at $73.09 million at the end of 2024, a 6.9% decrease from 2023, and a 22.4% decrease since 2022.

How much cash does Honest have?

In the past 2 years, Honest's cash and equivalents has ranged from $9.52 million in 2022 to $75.44 million in 2024, and is currently $75.44 million as of their latest financial filing in 2024.

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

Over the last 2 years, Honest's book value per share changed from 1.58 in 2022 to 1.73 in 2024, a change of 9.3%.

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This page (NASDAQ:HNST) was last updated on 5/21/2025 by MarketBeat.com Staff

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Honest (HNST) Financials

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Honest (HNST) Financials

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