CPI Card Group (PMTS) Financials

$16.11 +0.33 (+2.12%)

As of 04:00 PM Eastern

Annual Income Statements for CPI Card Group

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

Metric	2021	2022	2023	2024
Period end date	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	16	37	24	20
Consolidated Net Income / (Loss)	16	37	24	20
Net Income / (Loss) Continuing Operations	16	37	24	20
Total Pre-Tax Income	24	49	34	25
Total Operating Income	59	79	62	63
Total Gross Profit	141	176	155	171
Total Revenue	375	476	445	481
Operating Revenue	375	476	445	481
Total Cost of Revenue	234	300	289	309
Operating Cost of Revenue	234	300	289	309
Total Operating Expenses	82	97	94	108
Selling, General & Admin Expense	76	91	88	103
Depreciation Expense	6.26	5.86	5.64	5.03
Total Other Income / (Expense), net	-36	-30	-27	-38
Interest Expense	5.05	30	27	37
Other Income / (Expense), net	0.01	-0.37	0.03	-0.69
Income Tax Expense	7.88	13	10	5.51
Basic Earnings per Share	$1.42	$3.24	$2.10	$1.75
Weighted Average Basic Shares Outstanding	11.24M	11.29M	11.43M	11.15M
Diluted Earnings per Share	$1.36	$3.11	$2.01	$1.64
Weighted Average Diluted Shares Outstanding	11.76M	11.75M	11.92M	11.88M
Weighted Average Basic & Diluted Shares Outstanding	11.26M	11.39M	11.40M	11.24M

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

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024
Net Income / (Loss) Attributable to Common Shareholders	12	12	11	6.52	3.86	5.46	6.00	1.29
Consolidated Net Income / (Loss)	12	12	11	6.52	3.86	5.46	6.00	1.29
Net Income / (Loss) Continuing Operations	12	12	11	6.52	3.86	5.46	6.00	1.29
Total Pre-Tax Income	16	15	14	11	6.19	7.66	8.30	0.82
Total Operating Income	23	23	21	17	13	14	15	18
Total Gross Profit	48	47	43	41	36	42	42	45
Total Revenue	125	126	121	115	106	112	119	125
Operating Revenue	125	126	121	115	106	112	119	125
Total Cost of Revenue	76	79	78	74	70	70	76	80
Operating Cost of Revenue	76	79	78	74	70	70	76	80
Total Operating Expenses	25	25	22	23	23	27	27	27
Selling, General & Admin Expense	23	23	21	22	22	26	26	26
Depreciation Expense	1.59	1.40	1.43	1.45	1.41	1.33	1.25	1.23
Total Other Income / (Expense), net	-7.39	-7.18	-6.90	-6.82	-6.77	-6.49	-6.61	-17
Interest Expense	7.32	-14	6.78	6.74	6.74	6.43	6.53	16
Other Income / (Expense), net	-0.06	0.19	-0.11	-0.08	-0.03	-0.07	-0.08	-0.53
Income Tax Expense	4.15	3.00	2.83	4.15	2.34	2.20	2.30	-0.47
Basic Earnings per Share	$1.06	$1.10	$0.95	$0.57	$0.34	$0.48	$0.54	$0.12
Weighted Average Basic Shares Outstanding	11.27M	11.29M	11.39M	11.43M	11.43M	11.27M	11.05M	11.11M
Diluted Earnings per Share	$1.01	$1.07	$0.91	$0.55	$0.33	$0.46	$0.51	$0.11
Weighted Average Diluted Shares Outstanding	11.79M	11.75M	11.90M	11.88M	11.83M	11.77M	11.78M	11.87M
Weighted Average Basic & Diluted Shares Outstanding	11.39M	11.39M	11.43M	11.43M	11.46M	11.12M	11.08M	11.16M

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

Metric	2021	2022	2023	2024
Period end date	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Change in Cash & Equivalents	-37	-9.65	1.38	21
Net Cash From Operating Activities	20	31	34	43
Net Cash From Continuing Operating Activities	20	31	34	43
Net Income / (Loss) Continuing Operations	16	37	24	20
Consolidated Net Income / (Loss)	16	37	24	20
Depreciation Expense	15	11	12	13
Amortization Expense	2.37	5.80	5.72	5.17
Non-Cash Adjustments To Reconcile Net Income	6.30	3.95	7.75	17
Changes in Operating Assets and Liabilities, net	-19	-26	-15	-11
Net Cash From Investing Activities	-9.92	-18	-6.22	-9.22
Net Cash From Continuing Investing Activities	-9.92	-18	-6.22	-9.22
Purchase of Property, Plant & Equipment	-10	-18	-6.41	-9.26
Other Investing Activities, net	0.16	0.10	0.18	0.04
Net Cash From Financing Activities	-47	-23	-26	-13
Net Cash From Continuing Financing Activities	-47	-23	-26	-13
Repayment of Debt	-370	-57	-17	-280
Repurchase of Common Equity	-	0.00	-0.25	-8.68
Issuance of Debt	325	35	-5.00	285
Other Financing Activities, net	-2.17	-1.29	-4.24	-9.03
Cash Interest Paid	22	28	26	26
Cash Income Taxes Paid	9.79	13	10	9.76

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

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	3/31/2024
Net Change in Cash & Equivalents	12	-10	3.12	-2.99	-0.70	4.73
Net Cash From Operating Activities	20	20	8.00	2.32	12	8.87
Net Cash From Continuing Operating Activities	20	20	8.00	2.32	12	8.87
Net Income / (Loss) Continuing Operations	12	12	11	6.52	3.86	5.46
Consolidated Net Income / (Loss)	12	12	11	6.52	3.86	5.46
Depreciation Expense	2.87	3.87	2.84	3.09	3.04	3.05
Amortization Expense	1.45	0.48	1.44	1.43	1.43	1.43
Non-Cash Adjustments To Reconcile Net Income	0.97	0.63	0.66	1.39	2.63	3.06
Changes in Operating Assets and Liabilities, net	2.67	2.17	-7.81	-10	1.00	-4.13
Net Cash From Investing Activities	-6.18	-3.43	-4.10	-2.37	0.57	-1.51
Net Cash From Continuing Investing Activities	-6.18	-3.43	-4.10	-2.37	0.57	-1.51
Purchase of Property, Plant & Equipment	-6.26	-3.43	-4.15	-2.45	0.52	-1.51
Other Investing Activities, net	0.08	-	0.05	0.08	0.06	0.00
Net Cash From Financing Activities	-1.19	-27	-0.79	-2.94	-13	-2.63
Net Cash From Continuing Financing Activities	-1.19	-27	-0.79	-2.94	-13	-2.63
Repayment of Debt	-0.17	-26	-7.97	-7.03	-12	-0.11
Repurchase of Common Equity	-	-	0.00	-	-	-1.25
Issuance of Debt	-	-	8.00	5.00	-	0.00
Other Financing Activities, net	-1.02	-0.90	-0.82	-0.92	-0.92	-1.27
Effect of Exchange Rate Changes	-0.03	-	-	-	-	0.00
Cash Interest Paid	13	0.69	13	0.53	12	12
Cash Income Taxes Paid	5.11	1.73	0.03	7.38	2.59	0.02

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

Metric	2021	2022	2023	2024
Period end date	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Total Assets	268	297	294	350
Total Current Assets	146	168	165	203
Cash & Equivalents	21	11	12	34
Accounts Receivable	61	81	74	85
Inventories, net	58	68	71	73
Prepaid Expenses	5.52	7.55	8.65	11
Plant, Property, & Equipment, net	0.00	57	63	69
Total Noncurrent Assets	122	72	65	78
Goodwill	47	47	47	47
Intangible Assets	22	18	14	10
Other Noncurrent Operating Assets	6.18	6.78	3.98	20
Total Liabilities & Shareholders' Equity	268	297	294	350
Total Liabilities	389	379	346	385
Total Current Liabilities	65	68	49	76
Accounts Payable	26	24	13	16
Accrued Expenses	37	40	36	58
Current Deferred Revenue	1.18	3.57	0.84	1.49
Total Noncurrent Liabilities	324	311	296	310
Long-Term Debt	304	286	265	280
Noncurrent Deferred & Payable Income Tax Liabilities	5.25	6.81	7.14	3.32
Other Noncurrent Operating Liabilities	16	18	24	26
Commitments & Contingencies	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	-121	-82	-52	-36
Total Preferred & Common Equity	-121	-82	-52	-36
Preferred Stock	0.00	0.00	0.00	0.00
Total Common Equity	-121	-82	-52	-36
Common Stock	-111	-108	-102	-105
Retained Earnings	-10	26	50	70

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

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024
Period end date	9/30/2022	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024
Total Assets	305	298	300	292	320	321	342
Total Current Assets	177	168	170	161	181	180	199
Cash & Equivalents	22	14	11	10	17	7.48	15
Accounts Receivable	76	76	75	68	69	76	80
Inventories, net	72	70	75	74	83	86	92
Prepaid Expenses	5.08	8.23	8.35	8.75	12	9.93	12
Plant, Property, & Equipment, net	0.00	60	59	63	61	61	64
Total Noncurrent Assets	128	70	71	69	78	81	79
Goodwill	47	47	47	47	47	47	47
Intangible Assets	19	17	16	15	13	12	11
Other Noncurrent Operating Assets	5.01	5.49	7.87	6.39	18	22	21
Total Liabilities & Shareholders' Equity	305	298	300	292	320	321	342
Total Liabilities	399	369	363	349	368	366	385
Total Current Liabilities	64	57	54	46	74	69	75
Accounts Payable	26	26	23	17	24	20	22
Accrued Expenses	34	29	31	28	49	47	52
Current Deferred Revenue	3.92	2.12	0.73	0.79	1.17	1.32	1.47
Total Noncurrent Liabilities	335	311	309	303	294	297	310
Long-Term Debt	310	286	284	273	265	270	280
Noncurrent Deferred & Payable Income Tax Liabilities	6.45	6.54	7.23	7.92	6.74	4.96	5.06
Other Noncurrent Operating Liabilities	19	19	18	23	22	22	25
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	-94	-71	-63	-57	-48	-45	-43
Total Preferred & Common Equity	-94	-71	-63	-57	-48	-45	-43
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	-94	-71	-63	-57	-48	-45	-43
Common Stock	-108	-108	-107	-104	-104	-106	-106
Retained Earnings	14	37	44	48	56	62	63

This table displays calculated financial ratios and metrics derived from CPI Card Group's official financial filings.

Metric	2021	2022	2023	2024
Period end date	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Growth Metrics	-	-	-	-
Revenue Growth	20.16%	26.83%	-6.56%	8.11%
EBITDA Growth	31.18%	24.22%	-16.92%	0.82%
EBIT Growth	55.00%	32.42%	-21.77%	0.78%
NOPAT Growth	-17.51%	47.85%	-27.14%	14.26%
Net Income Growth	-1.17%	129.22%	-34.36%	-18.61%
EPS Growth	-5.56%	128.68%	-35.37%	-18.41%
Operating Cash Flow Growth	-8.11%	54.91%	8.63%	27.24%
Free Cash Flow Firm Growth	-54.88%	49.69%	22.15%	10.86%
Invested Capital Growth	14.78%	18.83%	4.28%	5.28%
Revenue Q/Q Growth	2.48%	7.51%	-5.03%	0.00%
EBITDA Q/Q Growth	-12.87%	17.07%	-13.37%	0.00%
EBIT Q/Q Growth	-14.40%	20.80%	-16.77%	0.00%
NOPAT Q/Q Growth	-20.68%	28.38%	-20.60%	0.00%
Net Income Q/Q Growth	-29.32%	47.72%	-28.89%	0.00%
EPS Q/Q Growth	-30.26%	48.10%	-29.72%	0.00%
Operating Cash Flow Q/Q Growth	-23.23%	79.81%	-18.74%	0.00%
Free Cash Flow Firm Q/Q Growth	-37.57%	149.41%	-19.17%	0.00%
Invested Capital Q/Q Growth	1.29%	-0.99%	-2.35%	0.00%
Profitability Metrics	-	-	-	-
Gross Margin	37.70%	36.95%	34.98%	35.63%
EBITDA Margin	20.51%	20.09%	17.86%	16.66%
Operating Margin	15.85%	16.63%	13.85%	13.07%
EBIT Margin	15.86%	16.56%	13.86%	12.92%
Profit (Net Income) Margin	4.25%	7.68%	5.40%	4.06%
Tax Burden Percent	66.92%	74.35%	69.60%	78.00%
Interest Burden Percent	40.05%	62.40%	55.93%	40.30%
Effective Tax Rate	33.08%	25.65%	30.40%	22.00%
Return on Invested Capital (ROIC)	26.27%	33.21%	21.81%	23.78%
ROIC Less NNEP Spread (ROIC-NNEP)	17.78%	25.21%	14.65%	11.99%
Return on Net Nonoperating Assets (RNNOA)	-38.57%	-69.19%	-57.61%	-68.37%
Return on Equity (ROE)	-12.31%	-35.98%	-35.80%	-44.59%
Cash Return on Invested Capital (CROIC)	12.50%	16.00%	17.62%	18.64%
Operating Return on Assets (OROA)	22.26%	27.89%	20.88%	19.31%
Return on Assets (ROA)	5.97%	12.94%	8.13%	6.07%
Return on Common Equity (ROCE)	-12.31%	-35.98%	-35.80%	-44.59%
Return on Equity Simple (ROE_SIMPLE)	-13.17%	-44.52%	-46.18%	-54.80%
Net Operating Profit after Tax (NOPAT)	40	59	43	49
NOPAT Margin	10.61%	12.37%	9.64%	10.19%
Net Nonoperating Expense Percent (NNEP)	8.49%	8.00%	7.16%	11.80%
Return On Investment Capital (ROIC_SIMPLE)	-	-	20.12%	20.01%
Cost of Revenue to Revenue	62.30%	63.05%	65.02%	64.37%
SG&A Expenses to Revenue	20.18%	19.08%	19.85%	21.51%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	21.85%	20.31%	21.12%	22.56%
Earnings before Interest and Taxes (EBIT)	59	79	62	62
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	77	96	79	80
Valuation Ratios	-	-	-	-
Price to Book Value (P/BV)	0.00	0.00	0.00	0.00
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	0.00	0.00	0.00	0.00
Price to Earnings (P/E)	0.00	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.00	0.00	0.00
Enterprise Value to Revenue (EV/Rev)	0.00	0.00	0.00	0.00
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	0.00	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-
Debt to Equity	-2.51	-3.48	-5.10	-7.87
Long-Term Debt to Equity	-2.51	-3.48	-5.10	-7.87
Financial Leverage	-2.17	-2.74	-3.93	-5.70
Leverage Ratio	-2.06	-2.78	-4.41	-7.35
Compound Leverage Factor	-0.83	-1.74	-2.46	-2.96
Debt to Total Capital	166.27%	140.34%	124.38%	114.55%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	166.27%	140.34%	124.38%	114.55%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	-66.27%	-40.34%	-24.38%	-14.55%
Debt to EBITDA	3.95	2.99	3.34	3.50
Net Debt to EBITDA	3.68	2.87	3.18	3.08
Long-Term Debt to EBITDA	3.95	2.99	3.34	3.50
Debt to NOPAT	7.63	4.85	6.18	5.73
Net Debt to NOPAT	7.11	4.67	5.89	5.04
Long-Term Debt to NOPAT	7.63	4.85	6.18	5.73
Altman Z-Score	0.00	0.00	0.00	0.00
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-
Current Ratio	2.25	2.46	3.34	2.69
Quick Ratio	1.26	1.35	1.74	1.57
Cash Flow Metrics	-	-	-	-
Free Cash Flow to Firm (FCFF)	19	28	35	38
Operating Cash Flow to CapEx	200.80%	175.38%	531.48%	467.89%
Free Cash Flow to Firm to Interest Expense	3.75	0.96	1.28	1.04
Operating Cash Flow to Interest Expense	4.01	1.06	1.25	1.17
Operating Cash Flow Less CapEx to Interest Expense	2.01	0.45	1.02	0.92
Efficiency Ratios	-	-	-	-
Asset Turnover	1.40	1.68	1.51	1.49
Accounts Receivable Turnover	6.49	6.72	5.76	6.04
Inventory Turnover	5.64	4.75	4.16	4.32
Fixed Asset Turnover	0.00	0.00	7.39	7.30
Accounts Payable Turnover	10.31	11.81	15.55	21.39
Days Sales Outstanding (DSO)	56.21	54.29	63.35	60.46
Days Inventory Outstanding (DIO)	64.67	76.90	87.75	84.50
Days Payable Outstanding (DPO)	35.40	30.91	23.47	17.06
Cash Conversion Cycle (CCC)	85.48	100.28	127.63	127.90
Capital & Investment Metrics	-	-	-	-
Invested Capital	162	192	201	211
Invested Capital Turnover	2.48	2.69	2.26	2.33
Increase / (Decrease) in Invested Capital	21	30	8.24	11
Enterprise Value (EV)	0.00	0.00	0.00	0.00
Market Capitalization	0.00	0.00	0.00	0.00
Book Value per Share	($10.75)	($7.21)	($4.53)	($3.19)
Tangible Book Value per Share	($16.88)	($12.93)	($9.88)	($8.36)
Total Capital	183	203	213	245
Total Debt	304	286	265	280
Total Long-Term Debt	304	286	265	280
Net Debt	283	274	253	247
Capital Expenditures (CapEx)	10	18	6.41	9.26
Debt-free, Cash-free Net Working Capital (DFCFNWC)	60	89	104	94
Debt-free Net Working Capital (DFNWC)	81	100	116	127
Net Working Capital (NWC)	81	100	116	127
Net Nonoperating Expense (NNE)	24	22	19	29
Net Nonoperating Obligations (NNO)	283	274	253	247
Total Depreciation and Amortization (D&A)	17	17	18	18
Debt-free, Cash-free Net Working Capital to Revenue	16.06%	18.61%	23.29%	19.54%
Debt-free Net Working Capital to Revenue	21.57%	20.93%	26.08%	26.52%
Net Working Capital to Revenue	21.57%	20.93%	26.08%	26.52%
Earnings Adjustments	-	-	-	-
Adjusted Basic Earnings per Share	$1.42	$3.24	$2.10	$1.75
Adjusted Weighted Average Basic Shares Outstanding	11.24M	11.29M	11.43M	11.15M
Adjusted Diluted Earnings per Share	$1.36	$3.11	$2.01	$1.64
Adjusted Weighted Average Diluted Shares Outstanding	11.76M	11.75M	11.92M	11.88M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	11.26M	11.39M	11.40M	11.24M
Normalized Net Operating Profit after Tax (NOPAT)	40	59	43	49
Normalized NOPAT Margin	10.61%	12.37%	9.64%	10.19%
Pre Tax Income Margin	6.35%	10.33%	7.75%	5.21%
Debt Service Ratios	-	-	-	-
EBIT to Interest Expense	11.78	2.66	2.27	1.68
NOPAT to Interest Expense	7.88	1.99	1.58	1.32
EBIT Less CapEx to Interest Expense	9.79	2.06	2.03	1.43
NOPAT Less CapEx to Interest Expense	5.89	1.38	1.34	1.07
Payout Ratios	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.00%	1.04%	44.45%

This table displays calculated financial ratios and metrics derived from CPI Card Group's official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024
Growth Metrics	-	-	-	-	-	-	-	-
Revenue Growth	25.07%	35.65%	8.46%	1.46%	-15.02%	-7.38%	3.36%	17.84%
EBITDA Growth	33.48%	106.38%	14.21%	14.91%	-37.19%	-25.06%	-26.68%	6.27%
EBIT Growth	40.05%	148.30%	16.49%	15.79%	-44.69%	-31.26%	-14.83%	33.49%
NOPAT Growth	49.47%	426.14%	47.20%	-8.88%	-53.58%	-38.33%	0.83%	248.15%
Net Income Growth	79.75%	1,753.94%	81.16%	6.05%	-67.62%	-49.83%	-8.00%	-66.48%
EPS Growth	80.36%	1,683.33%	78.43%	5.77%	-67.33%	-49.45%	-7.27%	-66.67%
Operating Cash Flow Growth	341.30%	243.42%	150.13%	-70.29%	-39.86%	10.80%	0.00%	0.00%
Free Cash Flow Firm Growth	-108.29%	29.69%	117.18%	84.98%	81.95%	232.28%	158.62%	452.58%
Invested Capital Growth	21.56%	18.83%	6.85%	8.55%	5.74%	-0.68%	3.49%	8.39%
Revenue Q/Q Growth	9.95%	1.49%	-4.42%	-4.88%	-7.91%	0.00%	6.15%	4.99%
EBITDA Q/Q Growth	45.10%	-1.86%	-8.92%	-11.40%	-20.69%	0.00%	-13.32%	14.95%
EBIT Q/Q Growth	55.48%	-2.34%	-10.30%	-14.99%	-25.73%	0.00%	5.33%	16.40%
NOPAT Q/Q Growth	48.21%	5.03%	-10.50%	-34.60%	-24.50%	0.00%	6.93%	160.70%
Net Income Q/Q Growth	93.63%	4.76%	-12.86%	-40.01%	-40.87%	0.00%	10.01%	-78.45%
EPS Q/Q Growth	94.23%	5.94%	-14.95%	-39.56%	-40.00%	0.00%	10.87%	-78.43%
Operating Cash Flow Q/Q Growth	154.20%	-1.20%	-59.23%	-70.99%	414.61%	0.00%	0.00%	0.00%
Free Cash Flow Firm Q/Q Growth	56.28%	28.40%	128.18%	-270.31%	47.47%	0.00%	-69.96%	215.98%
Invested Capital Q/Q Growth	0.31%	-0.99%	4.51%	4.57%	-2.28%	0.00%	8.96%	2.34%
Profitability Metrics	-	-	-	-	-	-	-	-
Gross Margin	38.88%	37.57%	35.66%	35.51%	34.15%	37.09%	35.67%	35.83%
EBITDA Margin	22.24%	21.50%	20.49%	19.08%	16.44%	16.58%	13.54%	14.82%
Operating Margin	18.82%	17.91%	17.04%	15.22%	12.24%	12.64%	12.55%	14.27%
EBIT Margin	18.77%	18.06%	16.95%	15.15%	12.22%	12.58%	12.48%	13.84%
Profit (Net Income) Margin	9.56%	9.87%	9.00%	5.67%	3.64%	4.87%	5.05%	1.04%
Tax Burden Percent	74.16%	80.63%	79.35%	61.11%	62.27%	71.26%	72.29%	157.88%
Interest Burden Percent	68.68%	67.77%	66.90%	61.30%	47.89%	54.37%	55.97%	4.74%
Effective Tax Rate	25.84%	19.37%	20.65%	38.89%	37.73%	28.74%	27.71%	-57.88%
Return on Invested Capital (ROIC)	34.88%	38.79%	33.71%	22.41%	17.85%	0.00%	0.00%	0.00%
ROIC Less NNEP Spread (ROIC-NNEP)	32.96%	36.71%	31.80%	20.96%	16.32%	0.00%	0.00%	0.00%
Return on Net Nonoperating Assets (RNNOA)	-86.80%	-100.76%	-98.80%	-70.78%	-59.55%	0.00%	0.00%	0.00%
Return on Equity (ROE)	-51.93%	-61.97%	-65.09%	-48.37%	-41.69%	0.00%	0.00%	0.00%
Cash Return on Invested Capital (CROIC)	6.42%	16.00%	26.11%	22.95%	21.43%	0.00%	0.00%	0.00%
Operating Return on Assets (OROA)	29.81%	30.43%	28.17%	25.01%	19.15%	0.00%	0.00%	0.00%
Return on Assets (ROA)	15.18%	16.62%	14.95%	9.37%	5.71%	0.00%	0.00%	0.00%
Return on Common Equity (ROCE)	-51.93%	-61.97%	-65.09%	-48.37%	-41.69%	0.00%	0.00%	0.00%
Return on Equity Simple (ROE_SIMPLE)	-26.24%	0.00%	-58.55%	-66.35%	-59.47%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	17	18	16	11	8.07	10	11	28
NOPAT Margin	13.96%	14.44%	13.52%	9.30%	7.62%	9.01%	9.07%	22.52%
Net Nonoperating Expense Percent (NNEP)	1.92%	2.08%	1.91%	1.45%	1.53%	1.78%	1.78%	10.16%
Cost of Revenue to Revenue	61.12%	62.43%	64.34%	64.49%	65.85%	62.91%	64.33%	64.17%
SG&A Expenses to Revenue	18.79%	18.54%	17.43%	19.04%	20.58%	23.27%	22.07%	20.58%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	20.06%	19.65%	18.61%	20.30%	21.91%	24.45%	23.13%	21.56%
Earnings before Interest and Taxes (EBIT)	23	23	20	17	13	14	15	17
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	28	27	25	22	17	19	16	18
Valuation Ratios	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Earnings (P/E)	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%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Revenue (EV/Rev)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to EBITDA (EV/EBITDA)	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
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-
Debt to Equity	-3.29	-3.48	-4.04	-4.52	-4.81	-5.48	-6.05	-6.55
Long-Term Debt to Equity	-3.29	-3.48	-4.04	-4.52	-4.81	-5.48	-6.05	-6.55
Financial Leverage	-2.63	-2.74	-3.11	-3.38	-3.65	-4.36	-4.98	-5.30
Leverage Ratio	-2.57	-2.78	-3.16	-3.47	-3.96	-5.19	-5.78	-6.38
Compound Leverage Factor	-1.77	-1.88	-2.11	-2.13	-1.89	-2.82	-3.24	-0.30
Debt to Total Capital	143.67%	140.34%	132.86%	128.44%	126.27%	122.34%	119.79%	118.03%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	143.67%	140.34%	132.86%	128.44%	126.27%	122.34%	119.79%	118.03%
Preferred Equity to Total Capital	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%
Common Equity to Total Capital	-43.67%	-40.34%	-32.86%	-28.44%	-26.27%	-22.34%	-19.79%	-18.03%
Debt to EBITDA	3.80	2.97	2.88	2.79	2.98	0.00	0.00	0.00
Net Debt to EBITDA	3.53	2.86	2.74	2.68	2.86	0.00	0.00	0.00
Long-Term Debt to EBITDA	3.80	2.97	2.88	2.79	2.98	0.00	0.00	0.00
Debt to NOPAT	6.77	4.85	4.49	4.52	5.05	0.00	0.00	0.00
Net Debt to NOPAT	6.30	4.67	4.27	4.34	4.86	0.00	0.00	0.00
Long-Term Debt to NOPAT	6.77	4.85	4.49	4.52	5.05	0.00	0.00	0.00
Altman Z-Score	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-
Current Ratio	2.76	2.46	2.93	3.16	3.53	2.44	2.61	2.65
Quick Ratio	1.52	1.35	1.57	1.61	1.71	1.16	1.22	1.25
Cash Flow Metrics	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-17	-12	3.44	-5.87	-3.08	11	3.44	11
Operating Cash Flow to CapEx	317.22%	572.60%	193.03%	94.77%	0.00%	588.65%	0.00%	0.00%
Free Cash Flow to Firm to Interest Expense	-2.33	0.00	0.51	-0.87	-0.46	1.78	0.53	0.66
Operating Cash Flow to Interest Expense	2.71	0.00	1.18	0.34	1.77	1.38	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	1.86	0.00	0.57	-0.02	1.85	1.15	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-
Asset Turnover	1.59	1.68	1.66	1.65	1.57	0.00	0.00	0.00
Accounts Receivable Turnover	6.27	6.72	6.58	6.56	6.53	0.00	0.00	0.00
Inventory Turnover	4.78	4.75	4.36	4.06	4.11	0.00	0.00	0.00
Fixed Asset Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Accounts Payable Turnover	12.73	11.81	10.86	11.95	14.12	0.00	0.00	0.00
Days Sales Outstanding (DSO)	58.23	54.29	55.45	55.65	55.87	0.00	0.00	0.00
Days Inventory Outstanding (DIO)	76.44	76.90	83.75	89.80	88.84	0.00	0.00	0.00
Days Payable Outstanding (DPO)	28.66	30.91	33.62	30.55	25.86	0.00	0.00	0.00
Cash Conversion Cycle (CCC)	106.01	100.28	105.57	114.90	118.85	0.00	0.00	0.00
Capital & Investment Metrics	-	-	-	-	-	-	-	-
Invested Capital	194	192	201	210	205	200	218	223
Invested Capital Turnover	2.50	2.69	2.49	2.41	2.34	0.00	0.00	0.00
Increase / (Decrease) in Invested Capital	34	30	13	17	11	-1.36	7.34	17
Enterprise Value (EV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Market Capitalization	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Book Value per Share	($8.37)	($7.21)	($6.21)	($5.51)	($4.96)	($4.25)	($4.01)	($3.86)
Tangible Book Value per Share	($14.24)	($12.93)	($11.84)	($11.04)	($10.41)	($9.54)	($9.35)	($9.15)
Total Capital	216	203	215	221	216	217	225	237
Total Debt	310	286	286	284	273	265	270	280
Total Long-Term Debt	310	286	286	284	273	265	270	280
Net Debt	289	274	272	273	262	248	262	266
Capital Expenditures (CapEx)	6.26	3.43	4.15	2.45	-0.52	1.51	0.00	0.00
Debt-free, Cash-free Net Working Capital (DFCFNWC)	91	89	97	105	105	90	103	109
Debt-free Net Working Capital (DFNWC)	113	100	111	116	115	107	111	124
Net Working Capital (NWC)	113	100	111	116	115	107	111	124
Net Nonoperating Expense (NNE)	5.48	5.78	5.47	4.17	4.21	4.62	4.78	27
Net Nonoperating Obligations (NNO)	289	274	272	273	262	248	262	266
Total Depreciation and Amortization (D&A)	4.32	4.35	4.28	4.52	4.47	4.48	1.25	1.23
Debt-free, Cash-free Net Working Capital to Revenue	20.60%	18.61%	19.93%	21.59%	22.38%	0.00%	0.00%	0.00%
Debt-free Net Working Capital to Revenue	25.46%	20.93%	22.85%	23.88%	24.61%	0.00%	0.00%	0.00%
Net Working Capital to Revenue	25.46%	20.93%	22.85%	23.88%	24.61%	0.00%	0.00%	0.00%
Earnings Adjustments	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.06	$1.10	$0.95	$0.57	$0.34	$0.48	$0.54	$0.12
Adjusted Weighted Average Basic Shares Outstanding	11.27M	11.29M	11.39M	11.43M	11.43M	11.27M	11.05M	11.11M
Adjusted Diluted Earnings per Share	$1.01	$1.07	$0.91	$0.55	$0.33	$0.46	$0.51	$0.11
Adjusted Weighted Average Diluted Shares Outstanding	11.79M	11.75M	11.90M	11.88M	11.83M	11.77M	11.78M	11.87M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	11.39M	11.39M	11.43M	11.43M	11.46M	11.12M	11.08M	11.16M
Normalized Net Operating Profit after Tax (NOPAT)	17	18	16	11	8.07	10	11	12
Normalized NOPAT Margin	13.96%	14.44%	13.52%	9.30%	7.62%	9.01%	9.07%	9.99%
Pre Tax Income Margin	12.89%	12.24%	11.34%	9.29%	5.85%	6.84%	6.99%	0.66%
Debt Service Ratios	-	-	-	-	-	-	-	-
EBIT to Interest Expense	3.19	0.00	3.02	2.58	1.92	2.19	2.27	1.05
NOPAT to Interest Expense	2.37	0.00	2.41	1.59	1.20	1.57	1.65	1.71
EBIT Less CapEx to Interest Expense	2.34	0.00	2.41	2.22	2.00	1.96	0.00	0.00
NOPAT Less CapEx to Interest Expense	1.52	0.00	1.80	1.22	1.27	1.33	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%
Augmented Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Financials Breakdown Chart

Key Financial Trends

Below are notable trends for CPI Card Group (PMTS) based on the quarterly statements provided for the last four years, with a focus on recent Q3 2024 results versus prior periods.

Revenue growth: Q3 2024 total revenue reached $124.751 million, up from $105.863 million in Q3 2023 and up sequentially from $111.936 million (Q1 2024) and $118.818 million (Q2 2024).
Gross margin improvement: Q3 2024 gross profit was $44.698 million on $124.751 million in revenue (roughly a mid-30s gross margin), higher than Q3 2023 gross profit of $36.152 million on $105.863 million revenue.
Operating income growth: Q3 2024 total operating income was $17.798 million, versus $12.961 million in Q3 2023, signaling stronger operating performance.
Operating cash flow generation: In Q3 2024, net cash from continuing operating activities was $8.665 million (and “net cash from operating activities” was $8.865 million), indicating cash generation from core operations in the quarter.
Net income attributable to common shareholders remained positive in 2024 quarters (Q1 $5.455 million, Q2 $6.001 million, Q3 $1.293 million), suggesting ongoing profitability at the bottom line despite volatility.
Asset base expanding: Total assets grew to $342.349 million by Q3 2024, up from $319.780 million in Q1 2024, reflecting balance sheet growth.
Cash balance fluctuations: Cash & Equivalents moved from $17.144 million (Q1 2024) to $7.479 million (Q2 2024), then back to $14.650 million (Q3 2024), indicating variability in liquidity within the year.
Rising debt levels: Long-Term Debt rose to $280.152 million in Q3 2024 from $265.326 million (Q1 2024) and $269.654 million (Q2 2024), signaling higher leverage.
Negative equity signal: Total Common Equity and Total Equity were negative in 2024 quarters (Q3 2024 Total Common Equity at -$42.791 million; Q2 -$44.557 million; Q1 -$104.182 million), underscoring persistent deficits on the balance sheet.
High leverage burden with LIABILITIES: The combination of long-term debt and total liabilities remains large (Total Liabilities at $385.140 million in Q3 2024; Long-Term Debt at $280.152 million), raising solvency and interest-service considerations.
Cash outflows from investing and financing activities: Net cash from investing activities was negative in all three quarters (Q3 2024: -$1.506 million; Q2 2024: -$2.371 million; Q1 2024: -$4.095 million). Net cash from financing activities also posted negatives (Q3 2024: -$2.628 million; Q2 2024: -$2.944 million; Q1 2024: -$0.792 million), indicating ongoing cash outflows outside core operations.

05/14/26 03:37 PM ETAI Generated. May Contain Errors.

CPI Card Group Financials - Frequently Asked Questions

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

In the past 3 years, CPI Card Group's net income has ranged from $15.94 million in 2021 to $36.54 million in 2022, and is currently $19.52 million as of their latest financial filing in 2024. See where experts think CPI Card Group is headed by visiting CPI Card Group's forecast page.

CPI Card Group's total operating income in 2024 was $62.79 million, based on the following breakdown:

Total Gross Profit: $171.22 million
Total Operating Expenses: $108.43 million

Over the last 3 years, CPI Card Group's total revenue changed from $375.12 million in 2021 to $480.60 million in 2024, a change of 28.1%.

CPI Card Group's total liabilities were at $385.28 million at the end of 2024, a 11.5% increase from 2023, and a 1.0% decrease since 2021.

In the past 3 years, CPI Card Group's cash and equivalents has ranged from $11.04 million in 2022 to $33.54 million in 2024, and is currently $33.54 million as of their latest financial filing in 2024.

Over the last 3 years, CPI Card Group's book value per share changed from -10.75 in 2021 to -3.19 in 2024, a change of -70.3%.

Related Companies

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

From Our Partners

Get 30 Days of MarketBeat All Access for Free

Start Your 30-Day Trial

In-depth profiles and analysis for 20,000 public companies.
Real-time analyst ratings, insider transactions, earnings data, and more.
Our daily ratings and market update email newsletter.

Sign In
Create Account

Your Email Address:

Your Password:

Forgot your password?

Your Email Address:

Choose a Password:

By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

CPI Card Group (PMTS) Financials

Financials Breakdown Chart

Key Financial Trends

CPI Card Group Financials - Frequently Asked Questions

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools

About MarketBeat

MarketBeat Products

Popular Tools

Financial Calendars

Terms & Info

CPI Card Group (PMTS) Financials

Annual Income Statements for CPI Card Group

Quarterly Income Statements for CPI Card Group

Annual Cash Flow Statements for CPI Card Group

Quarterly Cash Flow Statements for CPI Card Group

Annual Balance Sheets for CPI Card Group

Quarterly Balance Sheets for CPI Card Group

Annual Metrics And Ratios for CPI Card Group

Quarterly Metrics And Ratios for CPI Card Group

Financials Breakdown Chart

Key Financial Trends

CPI Card Group Financials - Frequently Asked Questions

When does CPI Card Group's financial year end?

How has CPI Card Group's net income changed over the last 3 years?

What is CPI Card Group's operating income?

How has CPI Card Group's revenue changed over the last 3 years?

How much debt does CPI Card Group have?

How much cash does CPI Card Group have?

How has CPI Card Group's book value per share changed over the last 3 years?

MarketBeat All Access Features

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools