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Lawson Products (LAWS) Financials

Annual Income Statements for Lawson Products

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

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2014	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
Net Income / (Loss) Attributable to Common Shareholders	-4.37	0.30	-1.63	30	6.21	7.22	15	-5.05	-4.12	-4.18	-24
Consolidated Net Income / (Loss)	-4.37	0.30	-1.63	30	6.21	7.22	15	-5.05	7.41	-8.97	-7.33
Net Income / (Loss) Continuing Operations	-6.06	0.30	-1.63	30	6.21	7.22	15	-5.05	7.41	-8.97	-7.33
Total Pre-Tax Income	-5.83	1.15	-1.53	10	6.86	9.67	21	-4.74	13	-2.01	-0.54
Total Operating Income	-4.96	2.12	-1.46	9.94	9.21	9.07	21	11	42	43	56
Total Gross Profit	173	169	168	183	190	197	187	130	391	552	614
Total Revenue	286	276	277	306	350	371	352	520	1,151	1,570	1,804
Operating Revenue	286	276	277	306	350	371	352	520	1,151	1,570	1,804
Total Cost of Revenue	113	107	109	123	160	173	165	390	761	1,019	1,190
Operating Cost of Revenue	113	107	109	123	160	173	165	390	761	1,019	1,190
Total Operating Expenses	178	167	170	173	180	188	166	119	349	509	558
Selling, General & Admin Expense	174	166	170	179	180	188	166	119	349	509	558
Total Other Income / (Expense), net	-0.87	-0.97	-0.07	0.16	-2.35	0.61	0.24	-16	-29	-45	-56
Interest Expense	0.77	0.77	0.50	0.62	1.01	0.60	0.65	17	28	43	55
Other Income / (Expense), net	-0.10	-0.20	0.42	0.78	-1.34	1.21	0.89	0.58	-1.15	-2.22	-1.35
Income Tax Expense	0.23	0.86	0.10	-20	0.65	2.45	5.67	0.31	5.53	6.96	6.80
Other Adjustments to Net Income / (Loss) Attributable to Common Shareholders)	-	-	-	-	-	-	-	-	12	-4.79	17
Basic Earnings per Share	($0.50)	$0.03	($0.19)	$3.35	$0.70	$0.81	$1.68	($0.49)	$0.22	($0.20)	($0.16)
Weighted Average Basic Shares Outstanding	8.68M	8.73M	8.78M	8.86M	8.91M	8.97M	9.02M	9.12M	19.42M	46.78M	46.56M
Diluted Earnings per Share	($0.50)	$0.03	($0.19)	$3.25	$0.67	$0.77	$1.62	($0.49)	$0.21	($0.20)	($0.16)
Weighted Average Diluted Shares Outstanding	8.68M	8.88M	8.78M	9.13M	9.27M	9.38M	9.33M	9.12M	19.42M	46.78M	46.56M
Weighted Average Basic & Diluted Shares Outstanding	8.68M	9.90M	8.83M	8.89M	8.96M	9.04M	9.06M	9.12M	19.42M	46.78M	46.56M

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

Metric	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025
Period end date	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	3/31/2025	6/30/2025
Net Income / (Loss) Attributable to Common Shareholders	-3.63	8.33	3.72	-4.68	-12	-8.36	-0.66	26	-41	4.93	20
Consolidated Net Income / (Loss)	-1.88	5.91	3.02	-1.57	-16	-5.22	1.90	22	-26	3.26	5.00
Net Income / (Loss) Continuing Operations	-1.88	5.91	3.02	-1.57	-16	-5.22	1.90	22	-26	3.26	5.00
Total Pre-Tax Income	-0.26	8.02	3.56	-0.58	-13	-9.30	1.72	2.91	4.14	5.51	12
Total Operating Income	13	17	14	13	-0.29	2.78	14	19	20	20	27
Total Gross Profit	116	133	136	145	138	143	152	159	160	164	170
Total Revenue	329	348	378	439	405	416	440	468	480	478	502
Operating Revenue	329	348	378	439	405	416	440	468	480	478	502
Total Cost of Revenue	213	215	242	294	268	273	288	309	320	314	332
Operating Cost of Revenue	213	215	242	294	268	273	288	309	320	314	332
Total Operating Expenses	104	116	122	133	138	141	137	140	140	144	143
Selling, General & Admin Expense	104	116	122	133	138	141	137	140	140	144	143
Total Other Income / (Expense), net	-13	-8.70	-10	-13	-13	-12	-12	-16	-16	-15	-15
Interest Expense	7.60	7.67	9.49	13	13	12	13	15	15	14	14
Other Income / (Expense), net	-5.33	-1.03	-0.73	-0.47	-0.00	-0.26	0.35	-0.87	-0.57	-0.37	-0.73
Income Tax Expense	1.62	2.11	0.54	0.99	3.32	-4.08	-0.18	-19	30	2.25	6.86
Other Adjustments to Net Income / (Loss) Attributable to Common Shareholders)	-	-2.42	-0.70	3.12	-4.78	3.14	2.56	-4.25	16	-1.66	-15
Basic Earnings per Share	($0.19)	$0.14	$0.07	($0.03)	($0.25)	($0.11)	$0.04	$0.47	($0.89)	$0.07	$0.11
Weighted Average Basic Shares Outstanding	19.42M	21.13M	23.35M	46.85M	46.78M	46.81M	46.76M	46.84M	46.56M	46.44M	46.28M
Diluted Earnings per Share	($0.19)	$0.14	$0.07	($0.03)	($0.25)	($0.11)	$0.04	$0.46	($0.89)	$0.07	$0.11
Weighted Average Diluted Shares Outstanding	19.42M	21.13M	23.35M	46.85M	46.78M	46.81M	46.76M	46.84M	46.56M	46.44M	46.28M
Weighted Average Basic & Diluted Shares Outstanding	19.42M	21.13M	23.35M	46.85M	46.78M	46.81M	46.76M	46.84M	46.56M	46.44M	46.28M

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

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2014	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
Net Change in Cash & Equivalents	3.51	6.56	-0.34	-6.01	7.47	-6.39	23	4.27	10	75	-18
Net Cash From Operating Activities	1.80	9.53	8.64	7.20	20	9.20	33	10	-11	102	56
Net Cash From Continuing Operating Activities	1.80	9.53	8.64	7.20	20	9.20	33	10	-11	102	56
Net Income / (Loss) Continuing Operations	-6.06	0.30	-1.63	30	6.21	7.22	15	-5.05	7.41	-8.97	-7.33
Consolidated Net Income / (Loss)	-4.37	0.30	-1.63	30	6.21	7.22	15	-5.05	7.41	-8.97	-7.33
Depreciation Expense	8.75	8.54	8.07	6.77	6.86	5.89	6.70	19	45	64	74
Amortization Expense	-	-	-	-	-	-	-	1.30	1.89	2.42	2.92
Non-Cash Adjustments To Reconcile Net Income	9.90	3.02	2.47	-2.32	8.05	4.05	4.07	-5.81	6.50	18	14
Changes in Operating Assets and Liabilities, net	-11	-2.33	-0.27	-27	-0.82	-7.97	6.64	1.20	-72	27	-27
Net Cash From Investing Activities	18	-2.78	-9.14	-27	-7.83	-2.03	-3.99	-41	-127	-279	-230
Net Cash From Continuing Investing Activities	18	-2.78	-9.14	-27	-7.83	-2.03	-3.99	-41	-127	-279	-230
Purchase of Property, Plant & Equipment	-2.76	-2.34	-3.11	-1.26	-2.52	-2.03	-1.69	-3.03	-8.31	-15	-14
Acquisitions	0.00	-0.44	-6.03	-32	-5.31	0.00	-2.30	-34	-115	-260	-215
Sale of Property, Plant & Equipment	8.31	0.00	0.00	6.18	-	-	-	6.34	8.76	5.99	8.79
Other Investing Activities, net	-	-	-	-	-	-	-	-11	-12	-9.34	-9.51
Net Cash From Financing Activities	-16	0.73	-0.26	14	-4.49	-14	-5.77	35	148	250	159
Net Cash From Continuing Financing Activities	-16	0.73	-0.26	13	-4.49	-14	-5.77	35	148	250	159
Repayment of Debt	-16	-	-0.08	-	0.00	-9.13	-	-19	-668	-332	-248
Repurchase of Common Equity	-	-0.25	-0.18	-0.02	-0.52	-4.53	-3.25	0.00	-2.46	-3.91	-3.20
Payment of Dividends	-	0.00	0.00	-0.08	-0.08	-	-	0.00	-9.76	0.00	0.00
Issuance of Debt	-	0.93	-	14	-3.72	-	-2.27	44	829	486	412
Issuance of Common Equity	-	-	-	-	-	-	-	-	0.00	98	0.00
Other Financing Activities, net	0.05	0.05	0.00	-0.11	-0.17	-0.24	-0.24	9.23	-0.43	1.74	-0.65
Effect of Exchange Rate Changes	0.06	-0.92	0.42	0.78	-0.51	0.34	0.32	0.66	-0.68	0.72	-3.97
Cash Interest Paid	-	-	-	-	1.04	0.59	0.40	15	23	41	56
Cash Income Taxes Paid	-	-	-	-	1.27	0.95	5.38	3.00	14	12	15

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

Metric	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025
Period end date	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	3/31/2025	6/30/2025
Net Change in Cash & Equivalents	-0.61	6.59	34	36	-1.53	-14	-29	19	5.96	-1.69	-18
Net Cash From Operating Activities	8.25	14	14	47	28	6.62	21	-17	46	-4.76	33
Net Cash From Continuing Operating Activities	8.25	14	14	47	28	6.62	21	-17	46	-4.76	33
Net Income / (Loss) Continuing Operations	-1.88	5.91	3.02	-1.57	-16	-5.22	1.90	22	-26	3.26	5.00
Consolidated Net Income / (Loss)	-1.88	5.91	3.02	-1.57	-16	-5.22	1.90	22	-26	3.26	5.00
Depreciation Expense	14	16	15	17	16	17	19	19	20	20	20
Amortization Expense	0.47	0.47	0.53	0.66	0.76	0.66	0.66	0.77	0.83	0.90	0.85
Non-Cash Adjustments To Reconcile Net Income	-5.51	4.61	4.94	5.03	3.48	3.66	2.11	3.18	4.76	1.78	4.63
Changes in Operating Assets and Liabilities, net	1.30	-13	-9.47	25	24	-9.53	-1.81	-62	46	-31	2.48
Net Cash From Investing Activities	-6.14	-5.09	-258	-3.90	-12	-16	-86	-103	-24	-5.05	-6.94
Net Cash From Continuing Investing Activities	-6.14	-5.09	-258	-3.90	-12	-16	-86	-103	-24	-5.05	-6.94
Purchase of Property, Plant & Equipment	-3.35	-4.49	-3.31	-3.38	-4.16	-2.45	-3.38	-3.26	-4.59	-5.65	-4.64
Acquisitions	-1.66	0.00	-252	-	-7.83	-13	-82	-99	-21	0.00	-1.43
Sale of Property, Plant & Equipment	2.76	1.82	1.15	1.23	1.79	0.81	1.30	1.69	4.99	3.45	3.45
Other Investing Activities, net	-3.88	-2.42	-3.57	-1.75	-1.61	-1.22	-1.99	-2.49	-3.81	-2.86	-4.32
Net Cash From Financing Activities	-3.36	-2.39	277	-5.64	-19	-3.95	37	139	-13	7.63	-47
Net Cash From Continuing Financing Activities	-3.36	-2.39	277	-5.64	-19	-3.95	37	139	-13	7.63	-47
Repayment of Debt	-75	-95	-194	-22	-21	-12	-36	-143	-57	-75	-141
Repurchase of Common Equity	-0.05	-0.12	-0.05	-	-3.74	-0.45	-1.77	-0.90	-0.08	-11	-9.10
Issuance of Debt	81	94	373	13	6.40	8.86	75	283	45	94	103
Other Financing Activities, net	0.03	-1.12	-0.13	3.14	-0.16	-0.12	-0.11	-0.23	-0.19	0.73	-0.15
Effect of Exchange Rate Changes	0.63	0.22	0.32	-0.75	0.93	-0.68	-0.88	0.41	-2.82	0.49	2.06
Cash Interest Paid	11	7.88	0.45	20	13	9.84	9.44	21	15	14	14
Cash Income Taxes Paid	2.26	1.02	4.43	3.93	3.05	1.70	9.31	2.05	2.19	3.24	6.70

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

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2014	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
Total Assets	138	133	135	191	197	204	256	491	1,216	1,550	1,727
Total Current Assets	87	87	88	98	107	106	143	236	478	657	712
Cash & Equivalents	4.21	11	10	4.42	12	5.50	28	15	25	84	66
Restricted Cash	0.80	0.80	0.80	0.80	0.80	0.80	1.00	0.00	0.19	16	15
Accounts Receivable	32	27	30	39	38	39	45	81	166	213	251
Inventories, net	45	44	43	51	53	56	62	133	264	316	348
Prepaid Expenses	5.43	3.67	3.79	3.73	3.65	5.38	7.29	8.10	23	28	32
Plant, Property, & Equipment, net	42	35	31	27	24	17	16	25	27	25	39
Total Noncurrent Assets	9.75	11	17	65	67	81	97	231	710	868	976
Goodwill	-	0.32	5.52	20	20	21	35	104	348	400	463
Intangible Assets	-	-	0.84	12	13	12	19	97	228	254	270
Noncurrent Deferred & Refundable Income Taxes	0.05	0.05	0.02	22	21	22	18	0.27	0.19	0.10	0.14
Other Noncurrent Operating Assets	9.70	11	10	12	13	26	25	29	134	215	243
Total Liabilities & Shareholders' Equity	138	133	135	191	197	204	256	491	1,216	1,550	1,727
Total Liabilities	76	72	74	98	98	96	134	326	653	889	1,087
Total Current Liabilities	39	36	39	60	66	57	98	215	169	242	266
Short-Term Debt	0.00	0.93	0.84	15	11	-	-	134	16	33	40
Accounts Payable	7.87	9.37	11	12	15	14	22	53	80	99	126
Accrued Expenses	31	26	27	33	40	39	71	23	63	97	81
Other Current Liabilities	-	-	-	-	0.00	3.83	4.57	4.64	9.96	14	19
Total Noncurrent Liabilities	37	35	35	38	32	39	36	111	483	647	820
Long-Term Debt	-	-	-	-	0.00	2.27	0.00	93	396	536	694
Noncurrent Deferred & Payable Income Tax Liabilities	-	-	0.00	3.56	2.76	6.19	2.84	0.81	24	18	22
Other Noncurrent Operating Liabilities	18	18	19	19	17	25	23	17	63	93	104
Commitments & Contingencies	0.00	0.00	0.00	-	0.00	0.00	-	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	62	61	61	93	99	108	122	166	563	662	641
Total Preferred & Common Equity	62	61	61	93	99	108	122	166	563	662	641
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	62	61	61	93	99	108	122	166	563	662	641
Common Stock	17	19	20	22	25	27	29	207	611	718	724
Retained Earnings	43	44	42	71	77	86	102	-33	-26	-35	-42
Treasury Stock	-0.27	-0.52	-0.69	-0.71	-1.23	-5.76	-9.02	-10	-13	-16	-20
Accumulated Other Comprehensive Income / (Loss)	1.43	-0.47	-0.04	0.82	-1.56	-0.00	0.70	1.57	-9.96	-5.17	-22

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

Metric	Q2 2022	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025
Period end date	6/30/2022	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
Total Assets	1,226	1,233	1,228	1,570	1,596	1,543	1,608	1,785	1,763	1,752
Total Current Assets	468	486	500	663	690	655	660	771	745	741
Cash & Equivalents	18	25	31	44	80	73	47	61	65	47
Restricted Cash	0.19	0.18	0.19	21	21	13	10	14	15	14
Accounts Receivable	168	173	173	239	239	221	236	281	280	283
Inventories, net	251	261	270	326	313	314	321	347	349	350
Prepaid Expenses	31	27	26	33	37	34	43	63	35	45
Plant, Property, & Equipment, net	26	25	92	27	138	24	23	23	38	37
Total Noncurrent Assets	732	721	637	880	768	864	924	992	980	974
Goodwill	355	351	348	399	398	402	428	467	464	469
Intangible Assets	243	237	219	278	265	247	277	280	259	250
Noncurrent Deferred & Refundable Income Taxes	0.27	0.20	0.18	0.01	0.06	0.08	0.08	0.00	0.13	0.16
Other Noncurrent Operating Assets	134	133	69	204	105	216	219	245	257	256
Total Liabilities & Shareholders' Equity	1,226	1,233	1,228	1,570	1,596	1,543	1,608	1,785	1,763	1,752
Total Liabilities	684	686	656	894	920	888	954	1,104	1,126	1,103
Total Current Liabilities	201	194	173	227	250	240	265	274	272	286
Short-Term Debt	16	16	16	32	32	30	31	42	41	41
Accounts Payable	93	97	91	89	107	102	108	131	134	143
Accrued Expenses	58	59	55	93	97	94	108	82	79	83
Other Current Liabilities	33	23	11	13	13	15	17	19	19	19
Total Noncurrent Liabilities	483	492	483	667	670	648	690	830	854	816
Long-Term Debt	389	397	395	559	551	536	574	704	712	675
Noncurrent Deferred & Payable Income Tax Liabilities	30	32	24	26	24	17	17	26	23	24
Other Noncurrent Operating Liabilities	52	52	63	82	95	95	99	100	119	117
Commitments & Contingencies	-	-	-	-	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	542	547	572	676	676	655	653	681	637	649
Total Preferred & Common Equity	542	547	572	676	676	655	653	681	637	649
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	542	547	572	676	676	655	653	681	637	649
Common Stock	593	594	612	712	717	720	721	723	727	728
Retained Earnings	-40	-24	-20	-17	-18	-40	-38	-16	-39	-34
Treasury Stock	-10	-12	-13	-13	-13	-17	-19	-	-	-40
Accumulated Other Comprehensive Income / (Loss)	-0.75	-11	-7.53	-6.83	-9.95	-8.31	-11	-6.61	-20	-5.00

This table displays calculated financial ratios and metrics derived from Lawson Products' official financial filings.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2014	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
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	6.01%	-3.45%	0.27%	10.61%	14.30%	6.05%	-5.18%	47.98%	121.30%	36.39%	14.88%
EBITDA Growth	22.76%	183.57%	-32.79%	148.70%	-15.78%	9.80%	74.03%	13.64%	174.27%	21.74%	23.54%
EBIT Growth	15.98%	137.89%	-153.96%	1,135.36%	-26.54%	30.55%	108.61%	-44.04%	238.66%	0.33%	33.95%
NOPAT Growth	15.35%	115.74%	-286.51%	2,965.31%	-71.46%	-18.85%	120.80%	-46.50%	199.21%	25.80%	30.16%
Net Income Growth	14.67%	106.80%	-648.48%	1,922.47%	-79.07%	16.21%	109.29%	-133.43%	246.60%	-221.08%	18.23%
EPS Growth	0.00%	106.00%	-733.33%	1,810.53%	-79.38%	14.93%	110.39%	-130.25%	246.60%	-195.24%	20.00%
Operating Cash Flow Growth	247.59%	428.44%	-9.41%	-16.58%	181.77%	-54.70%	253.72%	-68.27%	-206.87%	1,027.43%	-44.81%
Free Cash Flow Firm Growth	633.59%	-37.21%	-102.00%	-14,103.86%	169.30%	-64.66%	386.75%	-1,172.43%	-97.35%	72.64%	17.52%
Invested Capital Growth	-19.11%	-10.71%	-1.47%	87.38%	-6.14%	1.41%	-10.53%	307.00%	151.01%	18.94%	14.40%
Revenue Q/Q Growth	1.62%	-1.89%	0.86%	4.55%	1.64%	0.62%	2.80%	11.19%	18.33%	5.11%	4.35%
EBITDA Q/Q Growth	13.89%	-5.17%	-27.03%	43.27%	24.54%	-31.52%	21.08%	0.60%	29.78%	-4.42%	21.96%
EBIT Q/Q Growth	11.77%	-24.99%	-198.76%	91.87%	61.48%	-41.20%	25.46%	-25.46%	38.13%	-15.75%	56.84%
NOPAT Q/Q Growth	14.37%	-62.07%	48.47%	577.49%	-74.66%	-50.09%	25.56%	-30.70%	205.49%	5.40%	57.18%
Net Income Q/Q Growth	4.86%	-77.38%	-141.69%	517.47%	-73.95%	-43.70%	27.17%	-191.77%	808.71%	-263.63%	-423.99%
EPS Q/Q Growth	0.00%	-78.57%	-137.50%	537.25%	-74.33%	-43.80%	39.66%	-180.33%	808.71%	-350.00%	-233.33%
Operating Cash Flow Q/Q Growth	751.26%	-5.44%	-0.06%	1.81%	47.62%	-49.02%	53.59%	-65.18%	57.74%	24.28%	44.87%
Free Cash Flow Firm Q/Q Growth	22.70%	-8.42%	-110.11%	-406.81%	219.77%	-58.48%	79.87%	-1,117.38%	33.19%	22.85%	26.63%
Invested Capital Q/Q Growth	-8.85%	-10.07%	-6.42%	83.50%	-2.36%	-1.68%	-9.91%	175.17%	1.65%	-2.37%	-4.29%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	60.40%	61.31%	60.77%	59.83%	54.21%	53.23%	53.06%	25.04%	33.95%	35.14%	34.02%
EBITDA Margin	1.29%	3.79%	2.54%	5.72%	4.21%	4.36%	8.00%	6.15%	7.62%	6.80%	7.31%
Operating Margin	-1.74%	0.77%	-0.53%	3.25%	2.63%	2.45%	5.84%	2.20%	3.63%	2.74%	3.10%
EBIT Margin	-1.77%	0.70%	-0.37%	3.50%	2.25%	2.77%	6.10%	2.31%	3.53%	2.60%	3.03%
Profit (Net Income) Margin	-1.53%	0.11%	-0.59%	9.70%	1.78%	1.95%	4.30%	-0.97%	0.64%	-0.57%	-0.41%
Tax Burden Percent	74.89%	25.78%	106.40%	294.12%	90.54%	74.64%	72.71%	106.60%	57.25%	446.79%	1,367.91%
Interest Burden Percent	115.25%	60.06%	147.92%	94.20%	87.18%	94.13%	96.95%	-39.50%	31.84%	-4.92%	-0.98%
Effective Tax Rate	0.00%	74.22%	0.00%	-194.12%	9.46%	25.36%	27.29%	0.00%	42.75%	0.00%	0.00%
Return on Invested Capital (ROIC)	-4.69%	0.87%	-1.74%	34.89%	7.88%	6.55%	15.17%	3.39%	3.60%	2.89%	3.23%
ROIC Less NNEP Spread (ROIC-NNEP)	-13.46%	-20.80%	22.93%	42.09%	-14.38%	-128.31%	14.15%	-10.83%	-1.90%	-6.23%	-5.06%
Return on Net Nonoperating Assets (RNNOA)	-2.15%	-0.39%	-0.93%	3.51%	-1.43%	0.42%	-2.05%	-6.90%	-1.57%	-4.36%	-4.36%
Return on Equity (ROE)	-6.84%	0.48%	-2.66%	38.40%	6.45%	6.97%	13.12%	-3.51%	2.03%	-1.46%	-1.13%
Cash Return on Invested Capital (CROIC)	16.44%	12.19%	-0.26%	-25.93%	14.21%	5.15%	26.28%	-117.71%	-82.44%	-14.41%	-10.20%
Operating Return on Assets (OROA)	-3.40%	1.42%	-0.77%	6.57%	4.06%	5.12%	9.31%	3.21%	4.76%	2.95%	3.33%
Return on Assets (ROA)	-2.93%	0.22%	-1.21%	18.19%	3.20%	3.60%	6.56%	-1.35%	0.87%	-0.65%	-0.45%
Return on Common Equity (ROCE)	-6.84%	0.48%	-2.66%	38.40%	6.45%	6.97%	13.12%	-3.51%	2.03%	-1.46%	-1.13%
Return on Equity Simple (ROE_SIMPLE)	-7.06%	0.48%	-2.66%	31.76%	6.27%	6.69%	12.35%	-3.05%	1.32%	-1.36%	-1.14%
Net Operating Profit after Tax (NOPAT)	-3.47	0.55	-1.02	29	8.34	6.77	15	7.99	24	30	39
NOPAT Margin	-1.22%	0.20%	-0.37%	9.55%	2.39%	1.83%	4.25%	1.54%	2.08%	1.92%	2.17%
Net Nonoperating Expense Percent (NNEP)	8.77%	21.67%	-24.67%	-7.20%	22.25%	134.87%	1.02%	14.22%	5.50%	9.12%	8.29%
Return On Investment Capital (ROIC_SIMPLE)	-4.87%	0.77%	-1.47%	25.53%	7.24%	6.14%	12.21%	2.03%	2.45%	2.45%	2.85%
Cost of Revenue to Revenue	39.60%	38.69%	39.23%	40.17%	45.79%	46.77%	46.94%	74.96%	66.05%	64.86%	65.98%
SG&A Expenses to Revenue	60.95%	60.21%	61.29%	58.35%	51.58%	50.78%	47.21%	22.84%	30.32%	32.40%	30.92%
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	62.13%	60.54%	61.29%	56.58%	51.58%	50.78%	47.21%	22.84%	30.32%	32.40%	30.92%
Earnings before Interest and Taxes (EBIT)	-5.06	1.92	-1.04	11	7.87	10	21	12	41	41	55
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	3.69	10	7.03	17	15	16	28	32	88	107	132
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	3.73	3.31	3.40	2.34	2.83	4.30	3.70	2.98	1.26	2.23	2.52
Price to Tangible Book Value (P/TBV)	3.73	3.33	3.80	3.52	4.25	6.21	6.59	0.00	0.00	188.53	0.00
Price to Revenue (P/Rev)	0.81	0.74	0.75	0.71	0.80	1.25	1.29	0.95	0.62	0.94	0.89
Price to Earnings (P/E)	0.00	683.64	0.00	7.37	45.09	64.27	29.99	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%	0.15%	0.00%	13.58%	2.22%	1.56%	3.33%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	3.55	3.40	3.52	2.15	2.77	4.42	4.56	1.87	1.16	1.72	1.75
Enterprise Value to Revenue (EV/Rev)	0.82	0.73	0.74	0.77	0.81	1.24	1.21	1.36	0.95	1.24	1.25
Enterprise Value to EBITDA (EV/EBITDA)	63.82	19.21	29.20	13.41	19.25	28.45	15.06	22.11	12.52	18.24	17.16
Enterprise Value to EBIT (EV/EBIT)	0.00	104.76	0.00	21.87	36.02	44.77	19.77	58.92	27.03	47.77	41.46
Enterprise Value to NOPAT (EV/NOPAT)	0.00	367.47	0.00	8.02	34.00	67.99	28.37	88.42	45.91	64.71	57.80
Enterprise Value to Operating Cash Flow (EV/OCF)	130.50	21.08	23.77	32.54	13.97	50.03	13.03	68.50	0.00	19.04	40.10
Enterprise Value to Free Cash Flow (EV/FCFF)	19.33	26.28	0.00	0.00	18.84	86.51	16.37	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.15	0.15	0.14	0.22	0.16	0.02	0.00	1.37	0.73	0.86	1.15
Long-Term Debt to Equity	0.15	0.14	0.12	0.07	0.05	0.02	0.00	0.56	0.70	0.81	1.08
Financial Leverage	0.16	0.02	-0.04	0.08	0.10	0.00	-0.15	0.64	0.82	0.70	0.86
Leverage Ratio	2.33	2.20	2.19	2.11	2.02	1.94	2.00	2.59	2.34	2.26	2.52
Compound Leverage Factor	2.69	1.32	3.24	1.99	1.76	1.82	1.94	-1.02	0.75	-0.11	-0.02
Debt to Total Capital	13.21%	13.38%	12.06%	18.32%	13.92%	2.06%	0.00%	57.85%	42.27%	46.21%	53.41%
Short-Term Debt to Total Capital	0.00%	1.31%	1.21%	12.71%	9.39%	0.00%	0.00%	34.17%	1.68%	2.65%	2.94%
Long-Term Debt to Total Capital	13.21%	12.07%	10.85%	5.61%	4.52%	2.06%	0.00%	23.68%	40.59%	43.57%	50.47%
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	0.00%	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	86.79%	86.62%	87.94%	81.68%	86.08%	97.94%	100.00%	42.15%	57.73%	53.79%	46.59%
Debt to EBITDA	2.55	0.90	1.19	1.20	1.09	0.14	0.00	7.12	4.70	5.32	5.57
Net Debt to EBITDA	1.19	-0.20	-0.40	0.90	0.23	-0.25	0.00	6.66	4.42	4.39	4.95
Long-Term Debt to EBITDA	2.55	0.82	1.07	0.37	0.35	0.14	0.00	2.91	4.51	5.02	5.26
Debt to NOPAT	-2.71	17.31	-8.22	0.72	1.92	0.34	0.00	28.46	17.23	18.89	18.75
Net Debt to NOPAT	-1.27	-3.84	2.78	0.54	0.40	-0.59	0.00	26.63	16.20	15.58	16.66
Long-Term Debt to NOPAT	-2.71	15.62	-7.40	0.22	0.63	0.34	0.00	11.65	16.55	17.81	17.72
Altman Z-Score	4.63	4.73	4.57	3.89	4.42	5.75	4.45	2.01	1.99	2.39	2.31
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.23	2.38	2.23	1.64	1.61	1.87	1.46	1.10	2.82	2.72	2.67
Quick Ratio	0.92	1.05	1.03	0.72	0.75	0.78	0.74	0.44	1.13	1.23	1.19
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	12	7.65	-0.15	-22	15	5.32	26	-278	-548	-150	-124
Operating Cash Flow to CapEx	0.00%	407.57%	277.51%	0.00%	804.24%	453.45%	1,928.16%	0.00%	0.00%	1,094.32%	1,152.57%
Free Cash Flow to Firm to Interest Expense	15.77	9.98	-0.31	-34.92	14.92	8.82	39.58	-16.59	-19.78	-3.50	-2.24
Operating Cash Flow to Interest Expense	2.34	12.45	17.41	11.58	20.12	15.25	49.74	0.62	-0.40	2.39	1.02
Operating Cash Flow Less CapEx to Interest Expense	9.52	9.39	11.14	19.49	17.62	11.89	47.16	0.81	-0.38	2.17	0.93
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.92	2.04	2.06	1.87	1.80	1.85	1.53	1.39	1.35	1.14	1.10
Accounts Receivable Turnover	9.25	9.39	9.63	8.90	9.17	9.69	8.44	8.32	9.33	8.27	7.77
Inventory Turnover	2.51	2.41	2.50	2.63	3.08	3.19	2.80	4.01	3.83	3.51	3.58
Fixed Asset Turnover	5.68	7.16	8.33	10.51	13.74	18.50	21.74	25.68	44.40	60.73	56.42
Accounts Payable Turnover	9.99	12.38	10.50	10.37	11.60	11.96	9.16	10.40	11.41	11.37	10.62
Days Sales Outstanding (DSO)	39.46	38.89	37.90	41.03	39.80	37.67	43.27	43.88	39.13	44.13	46.95
Days Inventory Outstanding (DIO)	145.64	151.55	145.74	138.84	118.34	114.48	130.22	91.05	95.29	103.99	101.84
Days Payable Outstanding (DPO)	36.54	29.48	34.78	35.20	31.46	30.51	39.86	35.11	31.98	32.10	34.38
Cash Conversion Cycle (CCC)	148.55	160.96	148.86	144.67	126.68	121.63	133.63	99.82	102.44	116.02	114.41
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	66	59	58	109	103	104	93	379	950	1,130	1,293
Invested Capital Turnover	3.86	4.40	4.71	3.65	3.30	3.59	3.57	2.21	1.73	1.51	1.49
Increase / (Decrease) in Invested Capital	-16	-7.10	-0.87	51	-6.71	1.45	-11	286	572	180	163
Enterprise Value (EV)	235	201	205	234	284	460	424	707	1,098	1,947	2,264
Market Capitalization	231	203	208	219	280	464	453	494	711	1,478	1,611
Book Value per Share	$7.11	$7.00	$6.95	$10.52	$11.12	$12.05	$13.67	$18.26	$29.02	$14.12	$13.68
Tangible Book Value per Share	$7.11	$6.97	$6.23	$6.98	$7.40	$8.34	$7.67	($3.86)	($0.67)	$0.17	($1.96)
Total Capital	71	71	70	114	115	110	122	393	975	1,230	1,375
Total Debt	9.41	9.46	8.38	21	16	2.27	0.00	228	412	568	734
Total Long-Term Debt	9.41	8.54	7.54	6.42	5.21	2.27	0.00	93	396	536	694
Net Debt	4.41	-2.10	-2.84	16	3.35	-4.03	-29	213	387	469	653
Capital Expenditures (CapEx)	-5.55	2.34	3.11	-4.92	2.52	2.03	1.69	-3.32	-0.45	9.35	4.90
Debt-free, Cash-free Net Working Capital (DFCFNWC)	43	40	38	48	39	43	16	141	300	348	405
Debt-free Net Working Capital (DFNWC)	48	51	49	53	52	49	45	156	325	448	486
Net Working Capital (NWC)	48	50	48	38	41	49	45	21	309	415	446
Net Nonoperating Expense (NNE)	0.89	0.25	0.61	-0.46	2.13	-0.45	-0.17	13	17	39	47
Net Nonoperating Obligations (NNO)	4.41	-2.10	-2.84	16	3.35	-4.03	-29	213	387	469	653
Total Depreciation and Amortization (D&A)	8.75	8.54	8.07	6.77	6.86	5.89	6.70	20	47	66	77
Debt-free, Cash-free Net Working Capital to Revenue	14.97%	14.35%	13.72%	15.62%	11.11%	11.65%	4.46%	27.07%	26.08%	22.18%	22.43%
Debt-free Net Working Capital to Revenue	16.72%	18.54%	17.78%	17.33%	14.74%	13.35%	12.82%	29.89%	28.23%	28.52%	26.96%
Net Working Capital to Revenue	16.72%	18.20%	17.48%	12.58%	11.64%	13.35%	12.82%	4.06%	26.81%	26.45%	24.72%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.25)	$0.00	($0.10)	$1.68	$0.35	$0.41	$0.84	$0.52	$0.22	($0.20)	($0.16)
Adjusted Weighted Average Basic Shares Outstanding	17.41M	17.54M	17.67M	17.73M	17.82M	17.94M	18.04M	18.15M	38.84M	46.78M	46.56M
Adjusted Diluted Earnings per Share	($0.25)	$0.00	($0.10)	$1.63	$0.34	$0.39	$0.81	$0.51	$0.21	($0.20)	($0.16)
Adjusted Weighted Average Diluted Shares Outstanding	17.41M	17.54M	17.67M	18.26M	18.55M	18.75M	18.66M	18.70M	38.84M	46.78M	46.56M
Adjusted Basic & Diluted Earnings per Share	($0.25)	$0.00	($0.10)	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	17.41M	17.54M	17.67M	17.78M	17.92M	18.09M	18.12M	18.23M	38.84M	46.78M	46.56M
Normalized Net Operating Profit after Tax (NOPAT)	-3.47	1.48	-1.02	3.16	8.34	6.77	15	7.99	24	30	39
Normalized NOPAT Margin	-1.22%	0.54%	-0.37%	1.03%	2.39%	1.83%	4.25%	1.54%	2.08%	1.92%	2.17%
Pre Tax Income Margin	-2.04%	0.42%	-0.55%	3.30%	1.96%	2.61%	5.91%	-0.91%	1.12%	-0.13%	-0.03%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	-6.56	2.50	-2.09	17.23	7.80	17.04	32.78	0.72	1.47	0.95	0.99
NOPAT to Interest Expense	-4.50	0.71	-2.06	46.98	8.26	11.22	22.85	0.48	0.86	0.70	0.71
EBIT Less CapEx to Interest Expense	0.63	-0.55	-8.36	25.14	5.30	13.68	30.20	0.91	1.48	0.73	0.90
NOPAT Less CapEx to Interest Expense	2.69	-2.34	-8.33	54.89	5.76	7.86	20.27	0.68	0.88	0.49	0.62
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.27%	1.22%	0.00%	0.00%	0.00%	131.74%	0.00%	0.00%
Augmented Payout Ratio	0.00%	83.50%	-10.80%	0.34%	9.64%	62.69%	21.53%	0.00%	164.96%	-43.56%	-43.60%

This table displays calculated financial ratios and metrics derived from Lawson Products' official financial filings.

Metric	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025
Period end date	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	3/31/2025	6/30/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	118.52%	126.02%	17.63%	26.43%	23.23%	19.47%	16.28%	6.63%	18.56%	14.89%	14.31%
EBITDA Growth	1,299.23%	161.57%	120.93%	-27.03%	-22.76%	-36.52%	19.65%	24.96%	141.90%	100.66%	40.30%
EBIT Growth	288.85%	297.79%	840.69%	-60.42%	-103.95%	-83.90%	11.17%	46.74%	6,824.14%	681.04%	79.89%
NOPAT Growth	391.12%	488.88%	306.56%	-38.55%	-102.28%	-84.18%	33.64%	1,492.87%	-62,091.33%	510.10%	-27.67%
Net Income Growth	81.78%	332.83%	164.14%	-109.48%	-767.23%	-188.44%	-37.30%	1,498.02%	-58.76%	162.42%	163.87%
EPS Growth	81.78%	332.83%	164.14%	-107.14%	-31.58%	-178.57%	-42.86%	1,633.33%	-256.00%	163.64%	175.00%
Operating Cash Flow Growth	221.04%	202.41%	152.31%	129.92%	242.18%	-52.27%	57.24%	-137.08%	61.93%	-171.99%	55.64%
Free Cash Flow Firm Growth	-95.02%	-1,453.01%	67.26%	72.68%	67.99%	77.05%	106.36%	76.22%	-60.18%	9.88%	-649.66%
Invested Capital Growth	151.01%	524.25%	29.35%	23.83%	18.94%	19.18%	-0.08%	16.70%	14.40%	15.40%	8.54%
Revenue Q/Q Growth	-5.27%	5.91%	8.53%	16.12%	-7.67%	2.68%	5.64%	6.48%	2.66%	-0.51%	5.11%
EBITDA Q/Q Growth	-47.26%	47.09%	-11.64%	6.46%	-44.18%	20.90%	66.54%	11.18%	8.07%	0.29%	16.44%
EBIT Q/Q Growth	-76.43%	113.95%	-16.81%	-5.62%	-102.35%	971.03%	474.39%	24.57%	7.89%	1.17%	32.29%
NOPAT Q/Q Growth	-39.15%	39.01%	-4.97%	-23.55%	-102.26%	1,062.98%	702.99%	811.15%	-188.27%	109.45%	-4.81%
Net Income Q/Q Growth	-111.38%	413.70%	-48.81%	-151.85%	-941.45%	68.01%	136.29%	1,056.17%	-218.27%	112.58%	53.42%
EPS Q/Q Growth	-111.38%	413.70%	-48.81%	-142.86%	-733.33%	56.00%	136.36%	1,050.00%	-293.48%	107.87%	57.14%
Operating Cash Flow Q/Q Growth	-59.28%	67.96%	-1.82%	242.42%	-39.40%	-76.57%	223.42%	-180.74%	364.67%	-110.42%	799.24%
Free Cash Flow Firm Q/Q Growth	28.09%	-39.89%	66.84%	18.09%	15.76%	-0.29%	109.19%	-406.38%	-467.38%	43.57%	43.97%
Invested Capital Q/Q Growth	1.65%	0.21%	26.25%	-3.71%	-2.37%	0.41%	5.85%	12.47%	-4.29%	1.28%	-0.44%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	35.36%	38.15%	35.99%	33.10%	33.98%	34.47%	34.47%	33.94%	33.30%	34.30%	33.85%
EBITDA Margin	6.59%	9.15%	7.45%	6.83%	4.13%	4.86%	7.67%	8.01%	8.43%	8.50%	9.41%
Operating Margin	3.85%	4.80%	3.64%	2.91%	-0.07%	0.67%	3.22%	4.05%	4.18%	4.20%	5.34%
EBIT Margin	2.23%	4.50%	3.45%	2.81%	-0.07%	0.61%	3.30%	3.86%	4.06%	4.13%	5.19%
Profit (Net Income) Margin	-0.57%	1.70%	0.80%	-0.36%	-4.03%	-1.26%	0.43%	4.68%	-5.40%	0.68%	1.00%
Tax Burden Percent	713.26%	73.66%	84.97%	271.28%	125.55%	56.17%	110.49%	752.26%	-626.96%	59.14%	42.18%
Interest Burden Percent	-3.60%	51.11%	27.27%	-4.69%	4,485.17%	-368.21%	11.83%	16.12%	21.21%	27.95%	45.45%
Effective Tax Rate	0.00%	26.34%	15.03%	0.00%	0.00%	0.00%	-10.49%	-652.26%	726.96%	40.86%	57.82%
Return on Invested Capital (ROIC)	4.67%	8.61%	4.07%	2.91%	-0.08%	0.73%	5.03%	41.97%	-38.98%	3.80%	3.47%
ROIC Less NNEP Spread (ROIC-NNEP)	1.09%	5.33%	2.17%	0.49%	-3.84%	-0.93%	2.47%	21.03%	-21.17%	2.30%	2.42%
Return on Net Nonoperating Assets (RNNOA)	0.90%	2.90%	1.63%	0.35%	-2.69%	-0.65%	2.00%	17.86%	-18.23%	2.05%	2.23%
Return on Equity (ROE)	5.57%	11.52%	5.71%	3.26%	-2.76%	0.08%	7.03%	59.83%	-57.22%	5.85%	5.70%
Cash Return on Invested Capital (CROIC)	-82.44%	-138.26%	-21.63%	-18.57%	-14.41%	-15.55%	1.79%	-13.43%	-10.20%	-13.81%	-6.99%
Operating Return on Assets (OROA)	3.01%	8.09%	3.46%	2.96%	-0.08%	0.72%	3.53%	3.95%	4.47%	4.66%	5.97%
Return on Assets (ROA)	-0.77%	3.04%	0.80%	-0.38%	-4.58%	-1.48%	0.46%	4.79%	-5.94%	0.77%	1.14%
Return on Common Equity (ROCE)	5.57%	11.52%	5.71%	3.26%	-2.76%	0.08%	7.03%	59.83%	-57.22%	5.85%	5.70%
Return on Equity Simple (ROE_SIMPLE)	0.00%	2.77%	3.49%	0.81%	0.00%	-3.07%	-3.25%	0.33%	0.00%	0.18%	0.00%
Net Operating Profit after Tax (NOPAT)	8.86	12	12	8.95	-0.20	1.95	16	143	-126	12	11
NOPAT Margin	2.69%	3.54%	3.10%	2.04%	-0.05%	0.47%	3.56%	30.45%	-26.19%	2.49%	2.25%
Net Nonoperating Expense Percent (NNEP)	3.58%	3.29%	1.90%	2.42%	3.77%	1.67%	2.56%	20.94%	-17.81%	1.50%	1.05%
Return On Investment Capital (ROIC_SIMPLE)	0.91%	1.25%	0.92%	0.71%	-0.02%	0.16%	1.24%	9.99%	-9.15%	0.86%	0.83%
Cost of Revenue to Revenue	64.64%	61.85%	64.01%	66.90%	66.02%	65.53%	65.53%	66.06%	66.70%	65.70%	66.15%
SG&A Expenses to Revenue	31.51%	33.35%	32.34%	30.19%	34.05%	33.80%	31.25%	29.89%	29.12%	30.10%	28.51%
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	31.51%	33.35%	32.34%	30.19%	34.05%	33.80%	31.25%	29.89%	29.12%	30.10%	28.51%
Earnings before Interest and Taxes (EBIT)	7.33	16	13	12	-0.29	2.53	15	18	20	20	26
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	22	32	28	30	17	20	34	37	40	41	47
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.26	1.53	1.63	1.80	2.23	2.54	2.15	2.65	2.52	2.05	1.96
Price to Tangible Book Value (P/TBV)	0.00	176.08	0.00	93.20	188.53	281.91	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	0.62	0.65	0.78	0.81	0.94	1.01	0.83	1.04	0.89	0.70	0.66
Price to Earnings (P/E)	0.00	130.03	72.43	325.00	0.00	0.00	0.00	321.54	0.00	0.00	125.99
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%	0.77%	1.38%	0.31%	0.00%	0.00%	0.00%	0.31%	0.00%	0.00%	0.79%
Enterprise Value to Invested Capital (EV/IC)	1.16	1.32	1.35	1.46	1.72	1.89	1.63	1.83	1.75	1.51	1.48
Enterprise Value to Revenue (EV/Rev)	0.95	0.93	1.16	1.14	1.24	1.31	1.15	1.43	1.25	1.06	1.00
Enterprise Value to EBITDA (EV/EBITDA)	12.52	11.71	13.24	15.18	18.24	22.50	19.39	22.85	17.16	12.98	11.64
Enterprise Value to EBIT (EV/EBIT)	27.03	24.01	24.20	35.05	47.77	77.53	67.18	70.97	41.46	27.53	23.14
Enterprise Value to NOPAT (EV/NOPAT)	45.91	34.94	38.43	59.40	64.71	105.24	94.75	99.16	57.80	334.11	128.78
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	76.86	29.05	20.61	19.04	22.52	18.99	63.41	40.10	43.85	33.88
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	0.00	90.54	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.73	0.72	0.87	0.86	0.86	0.86	0.93	1.10	1.15	1.18	1.10
Long-Term Debt to Equity	0.70	0.69	0.83	0.81	0.81	0.82	0.88	1.03	1.08	1.12	1.04
Financial Leverage	0.82	0.55	0.75	0.71	0.70	0.70	0.81	0.85	0.86	0.89	0.92
Leverage Ratio	2.34	2.10	2.30	2.31	2.26	2.26	2.39	2.49	2.52	2.56	2.58
Compound Leverage Factor	-0.08	1.07	0.63	-0.11	101.30	-8.32	0.28	0.40	0.53	0.72	1.17
Debt to Total Capital	42.27%	41.81%	46.66%	46.30%	46.21%	46.37%	48.08%	52.29%	53.41%	54.19%	52.45%
Short-Term Debt to Total Capital	1.68%	1.64%	2.56%	2.57%	2.65%	2.48%	2.49%	2.95%	2.94%	2.93%	3.03%
Long-Term Debt to Total Capital	40.59%	40.18%	44.10%	43.73%	43.57%	43.89%	45.59%	49.34%	50.47%	51.26%	49.42%
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	0.00%	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	57.73%	58.19%	53.34%	53.70%	53.79%	53.63%	51.92%	47.71%	46.59%	45.81%	47.55%
Debt to EBITDA	4.70	3.83	4.81	5.22	5.32	5.95	6.01	6.90	5.57	4.95	4.32
Net Debt to EBITDA	4.42	3.54	4.29	4.31	4.39	5.05	5.44	6.20	4.95	4.42	3.95
Long-Term Debt to EBITDA	4.51	3.68	4.55	4.93	5.02	5.63	5.70	6.51	5.26	4.68	4.07
Debt to NOPAT	17.23	11.43	13.97	20.41	18.89	27.83	29.36	29.95	18.75	127.29	47.80
Net Debt to NOPAT	16.20	10.56	12.44	16.87	15.58	23.62	26.60	26.90	16.66	113.77	43.67
Long-Term Debt to NOPAT	16.55	10.98	13.21	19.28	17.81	26.34	27.84	28.26	17.72	120.41	45.03
Altman Z-Score	1.90	2.24	1.98	2.07	2.30	2.47	2.23	2.30	2.25	2.08	2.13
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.82	2.89	2.92	2.76	2.72	2.72	2.50	2.81	2.67	2.74	2.59
Quick Ratio	1.13	1.18	1.25	1.28	1.23	1.22	1.07	1.25	1.19	1.27	1.16
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-563	-788	-261	-214	-180	-181	17	-51	-289	-163	-91
Operating Cash Flow to CapEx	1,386.72%	518.25%	631.96%	2,165.92%	1,191.77%	402.86%	1,030.04%	-1,095.31%	0.00%	-217.24%	2,788.78%
Free Cash Flow to Firm to Interest Expense	-74.10	-102.67	-27.51	-16.59	-14.17	-15.28	1.30	-3.36	-18.78	-11.46	-6.41
Operating Cash Flow to Interest Expense	1.09	1.81	1.43	3.61	2.22	0.56	1.67	-1.14	2.98	-0.34	2.34
Operating Cash Flow Less CapEx to Interest Expense	1.01	1.46	1.21	3.45	2.03	0.42	1.51	-1.24	3.00	-0.49	2.25
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.35	1.80	1.00	1.06	1.14	1.18	1.07	1.02	1.10	1.13	1.15
Accounts Receivable Turnover	9.33	11.82	6.89	7.26	8.27	8.32	7.16	6.65	7.77	7.44	7.43
Inventory Turnover	3.83	4.97	3.11	3.36	3.51	3.69	3.47	3.44	3.58	3.71	3.80
Fixed Asset Turnover	44.40	24.30	52.70	18.25	60.73	28.41	67.76	21.49	56.42	60.38	64.43
Accounts Payable Turnover	11.41	14.07	9.86	9.45	11.37	11.17	11.38	9.57	10.62	10.44	10.15
Days Sales Outstanding (DSO)	39.13	30.87	52.96	50.28	44.13	43.89	50.95	54.86	46.95	49.06	49.13
Days Inventory Outstanding (DIO)	95.29	73.46	117.26	108.75	103.99	99.04	105.25	105.96	101.84	98.26	95.97
Days Payable Outstanding (DPO)	31.98	25.93	37.03	38.64	32.10	32.67	32.07	38.16	34.38	34.96	35.96
Cash Conversion Cycle (CCC)	102.44	78.40	133.20	120.39	116.02	110.25	124.12	122.66	114.41	112.37	109.14
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	950	952	1,202	1,158	1,130	1,135	1,201	1,351	1,293	1,310	1,304
Invested Capital Turnover	1.73	2.44	1.32	1.43	1.51	1.57	1.41	1.38	1.49	1.53	1.54
Increase / (Decrease) in Invested Capital	572	800	273	223	180	183	-0.96	193	163	175	103
Enterprise Value (EV)	1,098	1,258	1,626	1,696	1,947	2,140	1,952	2,471	2,264	1,977	1,930
Market Capitalization	711	878	1,100	1,214	1,478	1,660	1,404	1,801	1,611	1,304	1,276
Book Value per Share	$29.02	$29.47	$32.00	$28.96	$14.12	$13.99	$13.96	$14.56	$13.68	$13.68	$13.98
Tangible Book Value per Share	($0.67)	$0.26	($0.01)	$0.56	$0.17	$0.13	($1.11)	($1.42)	($1.96)	($1.85)	($1.48)
Total Capital	975	984	1,267	1,259	1,230	1,221	1,258	1,427	1,375	1,390	1,366
Total Debt	412	411	591	583	568	566	605	746	734	753	716
Total Long-Term Debt	396	395	559	551	536	536	574	704	694	712	675
Net Debt	387	380	526	482	469	480	548	670	653	673	655
Capital Expenditures (CapEx)	0.60	2.67	2.15	2.15	2.37	1.64	2.08	1.58	-0.40	2.19	1.19
Debt-free, Cash-free Net Working Capital (DFCFNWC)	300	311	403	371	348	359	370	463	405	433	434
Debt-free Net Working Capital (DFNWC)	325	343	468	472	448	445	427	539	486	513	496
Net Working Capital (NWC)	309	327	436	440	415	415	396	497	446	473	455
Net Nonoperating Expense (NNE)	11	6.41	8.68	11	16	7.17	14	121	-100	8.62	6.31
Net Nonoperating Obligations (NNO)	387	380	526	482	469	480	548	670	653	673	655
Total Depreciation and Amortization (D&A)	14	16	15	18	17	18	19	19	21	21	21
Debt-free, Cash-free Net Working Capital to Revenue	26.08%	23.14%	28.75%	24.82%	22.18%	21.93%	21.78%	26.78%	22.43%	23.22%	22.51%
Debt-free Net Working Capital to Revenue	28.23%	25.47%	33.37%	31.59%	28.52%	27.15%	25.13%	31.16%	26.96%	27.51%	25.71%
Net Working Capital to Revenue	26.81%	24.27%	31.06%	29.43%	26.45%	25.31%	23.29%	28.72%	24.72%	25.32%	23.57%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.10)	$0.14	$0.07	($0.03)	($0.25)	($0.11)	$0.04	$0.47	($0.89)	$0.07	$0.11
Adjusted Weighted Average Basic Shares Outstanding	38.84M	42.25M	46.70M	46.85M	46.78M	46.81M	46.76M	46.84M	46.56M	46.44M	46.28M
Adjusted Diluted Earnings per Share	($0.10)	$0.14	$0.07	($0.03)	($0.25)	($0.11)	$0.04	$0.46	($0.89)	$0.07	$0.11
Adjusted Weighted Average Diluted Shares Outstanding	38.84M	42.25M	46.70M	46.85M	46.78M	46.81M	46.76M	46.84M	46.56M	46.44M	46.28M
Adjusted Basic & Diluted Earnings per Share	($0.10)	$0.00	$0.00	$0.00	($0.25)	$0.00	$0.00	$0.00	($0.89)	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	38.84M	42.25M	46.70M	46.85M	46.78M	46.81M	46.76M	46.84M	46.56M	46.44M	46.28M
Normalized Net Operating Profit after Tax (NOPAT)	8.86	12	12	8.95	-0.20	1.95	9.91	13	14	12	19
Normalized NOPAT Margin	2.69%	3.54%	3.10%	2.04%	-0.05%	0.47%	2.25%	2.83%	2.92%	2.49%	3.74%
Pre Tax Income Margin	-0.08%	2.30%	0.94%	-0.13%	-3.21%	-2.24%	0.39%	0.62%	0.86%	1.15%	2.36%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.97	2.05	1.37	0.96	-0.02	0.21	1.13	1.19	1.27	1.39	1.83
NOPAT to Interest Expense	1.17	1.61	1.23	0.69	-0.02	0.16	1.22	9.40	-8.19	0.84	0.79
EBIT Less CapEx to Interest Expense	0.89	1.70	1.15	0.79	-0.21	0.07	0.97	1.09	1.30	1.23	1.75
NOPAT Less CapEx to Interest Expense	1.09	1.26	1.01	0.53	-0.20	0.03	1.06	9.30	-8.16	0.68	0.71
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	131.74%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	164.96%	16.26%	10.82%	4.05%	-43.56%	-21.09%	-28.06%	302.83%	-43.60%	1,209.97%	499.46%

Financials Breakdown Chart

Key Financial Trends

Lawson Products (NASDAQ:LAWS) Financial Summary & Analysis (Last 4 Years to Q2 2025)

Lawson Products shows a mixed financial performance with some recent improvements after challenges in prior years. Here is a detailed overview of the key trends and metrics from the income statements, cash flow statements, and balance sheets covering Q2 2022 through Q2 2025.

Revenue Growth: Operating revenues increased consistently from about $321 million in Q2 2022 to over $502 million by Q2 2025, showing solid top-line growth.
Gross Profit Improvement: Gross profit rose from ~$114.6 million in Q2 2022 to $170 million in Q2 2025, reflecting improved operational efficiency and pricing power.
Reduction in Net Losses: After net losses in many quarters during 2022 and 2023 (e.g., Q4 2024 loss of $25.9 million), the company returned to profitability with a net income of $5.0 million in Q2 2025.
Positive Operating Cash Flow: Lawson consistently generated positive net cash from operating activities recently, with a strong $33.3 million reported in Q2 2025, suggesting improving cash generation capabilities.
Stable Equity Base: Total common equity rose from around $541.8 million in Q2 2022 to $649.4 million in Q2 2025, providing a stronger capital base.

Consistent Depreciation and Amortization: Non-cash charges for depreciation (~$20 million) and amortization (~$0.8 million) have remained steady, supporting asset aging understanding.
Investments and Acquisitions Activity: The company made regular purchases of property, plant & equipment (around $3-$5 million quarterly) and pursued acquisitions (variable, large in 2022 with a peak $252 million and tapering down but still significant), indicating investment in growth.
Interest Expense and Debt Management: Interest expenses have grown from $6.6 million in early 2022 to $14.2 million in Q2 2025, coupled with large outstanding long-term debt (~$675 million as of Q2 2025). The company has been actively issuing and repaying debt, indicating ongoing balance sheet restructuring.
Exchange Rate Effects: Fairly consistent minor positive and negative impacts from currency fluctuations affected cash balances each quarter.

Operating Expense Pressure: SG&A expenses have risen from ~$110 million in early 2022 to about $143 million in Q2 2025, reducing operating income leverage.
Net Loss in Back Periods: Lawson faced significant net losses in 2022 and much of 2023, including a $41.4 million loss attributable to common shareholders in Q4 2024, demonstrating past profitability challenges.
Negative Free Cash Flow Due to Investing Activities: Large acquisition spending, particularly in 2022 ($252 million at Q2 2022), led to significant negative net cash flows from investing activities, pressuring overall cash balances.
Reduced Cash and Equivalents: Cash balances declined from $73.1 million at Q1 2024 to $47.4 million at Q2 2025, signaling potential liquidity considerations despite operational cash flow improvements.
Retention of Negative Retained Earnings: The company carried negative retained earnings at around -$33 million as of Q2 2025, a legacy from prior losses affecting equity strength.
Interest Expense Growth: Rising interest expenses indicate increased financing costs that pressure net income margins.

Summary: Lawson Products is currently on a recovery path with growing revenues, improving gross profits, and recent profitability after previous losses. However, the company faces higher operating expenses, significant debt levels, and substantial acquisition-driven cash outflows, which could pose challenges. Investors should watch for continued profitability improvements and effective capital structure management as key to sustainable growth.

10/18/25 03:40 PM ETAI Generated. May Contain Errors.

Frequently Asked Questions About Lawson Products' Financials

When does Lawson Products' fiscal year end?

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

How has Lawson Products' net income changed over the last 10 years?

Lawson Products' net income appears to be on a downward trend, with a most recent value of -$7.33 million in 2024, rising from -$4.37 million in 2014. The previous period was -$8.97 million in 2023.

What is Lawson Products' operating income?

Lawson Products' total operating income in 2024 was $55.96 million, based on the following breakdown:

Total Gross Profit: $613.78 million
Total Operating Expenses: $557.82 million

How has Lawson Products' revenue changed over the last 10 years?

Over the last 10 years, Lawson Products' total revenue changed from $285.69 million in 2014 to $1.80 billion in 2024, a change of 531.5%.

How much debt does Lawson Products have?

Lawson Products' total liabilities were at $1.09 billion at the end of 2024, a 22.3% increase from 2023, and a 1,330.2% increase since 2014.

How much cash does Lawson Products have?

In the past 10 years, Lawson Products' cash and equivalents has ranged from $4.21 million in 2014 to $83.93 million in 2023, and is currently $66.48 million as of their latest financial filing in 2024.

How has Lawson Products' book value per share changed over the last 10 years?

Over the last 10 years, Lawson Products' book value per share changed from 7.11 in 2014 to 13.68 in 2024, a change of 92.3%.

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This page (NASDAQ:LAWS) was last updated on 10/18/2025 by MarketBeat.com Staff

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