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CPI Card Group (PMTS) Financials

CPI Card Group logo
$18.32 +0.08 (+0.44%)
As of 06/23/2026 04:00 PM Eastern
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Annual Income Statements for CPI Card Group

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

Quarterly Income Statements for CPI Card Group

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

Annual Cash Flow Statements for CPI Card Group

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

Quarterly Cash Flow Statements for CPI Card Group

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

Annual Balance Sheets for CPI Card Group

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

Quarterly Balance Sheets for CPI Card Group

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

Annual Metrics And Ratios for CPI Card Group

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%

Quarterly Metrics And Ratios for CPI Card Group

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

CPI Card Group (NASDAQ: PMTS) showed improving top-line momentum in Q3 2024, but profitability remains constrained by high leverage and heavy interest expense. Revenue increased year over year, operating income improved, and the company posted a small profit. However, the balance sheet still carries a large debt load, and shareholders’ equity remains negative, which is an important risk for investors to monitor.

  • Revenue growth accelerated in Q3 2024. Total revenue rose to $124.8 million from $105.9 million in Q3 2023, an increase of about 18%.
  • Operating profit improved meaningfully year over year. Operating income rose to $17.8 million from $12.9 million in Q3 2023, showing better core business performance.
  • The company returned to stronger profitability at the bottom line. Net income was $1.3 million in Q3 2024 versus $3.9 million in Q3 2023, but the more relevant comparison is that Q3 2024 remained profitable despite high financing costs.
  • Cash from operations remained solid in the first quarter of 2024. Q1 2024 operating cash flow was $8.9 million, up from $8.0 million in Q1 2023.
  • Gross profit dollars expanded. Gross profit increased to $44.7 million in Q3 2024 from $36.2 million a year earlier, helped by higher revenue.
  • Margins were mixed. Gross margin improved modestly year over year in Q3 2024, but SG&A expenses stayed elevated, limiting operating leverage.
  • Q2 2024 and Q1 2024 both showed profitability, but results were uneven. Earnings were strong in Q2 2024, while Q1 2024 income was more modest, suggesting quarter-to-quarter variability.
  • Inventory and receivables remain large balance sheet items. That can support revenue growth, but it also means working capital efficiency matters a lot for cash generation.
  • Interest expense continues to be a major drag. In Q3 2024, interest expense was $16.4 million, far exceeding operating income and leaving only a thin cushion before taxes.
  • The balance sheet is highly leveraged. Long-term debt was $280.2 million at the end of Q3 2024, up from $265.3 million at the end of Q1 2024.
  • Shareholders’ equity remains negative. Total equity was negative $42.8 million in Q3 2024, indicating a highly leveraged capital structure.
  • Cash declined sharply earlier in 2024 before rebounding in Q3. Cash fell to $7.5 million in Q2 2024 before recovering to $14.7 million in Q3 2024, suggesting liquidity management remains important.
  • Debt levels have not come down materially over the last year. Even with some repayments in prior periods, leverage remains elevated and limits financial flexibility.

Bottom line: CPI Card Group is showing better operating momentum, especially in revenue and operating income, but the investment case is still heavily influenced by debt and interest expense. If the company can keep growing sales and improve cash flow while reducing leverage, the setup could improve. For now, the stock looks like a turnaround story with real progress, but also real balance sheet risk.

06/24/26 03:05 AM 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 financial year ends in December. Their financial year 2024 ended on December 31, 2024.

CPI Card Group's net income were at $19.52 million at the end of 2024, a 18.6% decrease from 2023, and a 22.5% increase since 2021. See CPI Card Group's forecast for analyst expectations on what's next for the company.

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%.


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