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RF Industries (RFIL) Financials

RF Industries logo
$17.43 +0.57 (+3.38%)
Closing price 07/10/2026 04:00 PM Eastern
Extended Trading
$17.44 +0.01 (+0.06%)
As of 07/10/2026 07:58 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Massive. Learn more.
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Annual Income Statements for RF Industries

Annual Income Statements for RF Industries

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

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 10/31/2015 10/31/2016 10/31/2017 10/31/2018 10/31/2019 10/31/2020 10/31/2021 10/31/2022 10/31/2023 10/31/2024 10/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 0.99 -4.09 0.38 5.85 3.52 -12 6.18 -3.08 70 -6.60 0.08
Consolidated Net Income / (Loss)		 0.99 -4.09 0.38 5.85 3.52 -0.08 6.18 -3.08 -3.08 -6.60 0.08
Net Income / (Loss) Continuing Operations		 0.69 -4.03 0.17 6.03 3.52 -12 6.18 -3.08 70 -6.60 0.08
Total Pre-Tax Income 		0.83 -4.68 0.23 7.49 4.56 -0.45 7.22 -4.25 -4.25 -3.80 0.81
Total Operating Income		 0.80 -4.69 0.20 7.45 4.46 -0.40 4.42 -3.80 0.00 -2.82 1.79
Total Gross Profit		 10 8.46 6.99 17 16 12 18 20 0.00 19 27
Total Revenue		 31 30 23 50 55 43 57 72 72 65 81
Operating Revenue		 31 30 23 50 55 43 57 72 72 65 81
Total Cost of Revenue		 20 22 16 33 40 31 40 53 0.00 46 54
Operating Cost of Revenue		 20 22 16 33 40 31 40 53 0.00 46 54
Total Operating Expenses		 9.66 13 6.78 9.65 11 24 13 23 3.15 22 25
Selling, General & Admin Expense		 8.89 9.56 5.96 8.17 9.71 9.98 12 20 0.00 19 22
Research & Development Expense		 0.78 0.75 0.82 1.48 1.47 1.99 1.48 3.15 3.15 2.78 2.98
Total Other Income / (Expense), net		 0.04 0.01 0.03 0.05 0.10 -0.05 2.80 -0.45 0.00 -0.98 -0.97
Other Income / (Expense), net		 0.04 0.01 0.03 0.05 0.10 -0.05 2.80 -0.45 0.00 -0.98 -0.97
Income Tax Expense		 0.14 -0.65 0.06 1.47 1.04 -0.37 1.04 -1.17 -1.17 2.80 0.74
Basic Earnings per Share		 $0.12 ($0.47) $0.04 $0.64 $0.38 ($0.01) $0.62 ($0.30) ($0.30) ($0.63) $0.01
Weighted Average Basic Shares Outstanding		 8.49M 8.79M 8.84M 9.11M 9.36M 9.68M 9.98M 10.28M 10.28M 10.48M 10.65M
Diluted Earnings per Share		 $0.11 ($0.47) $0.04 $0.61 $0.36 ($0.01) $0.61 ($0.30) ($0.30) ($0.63) $0.01
Weighted Average Diluted Shares Outstanding		 8.86M 8.79M 8.92M 9.59M 9.85M 9.68M 10.15M 10.28M 10.28M 10.48M 10.77M
Weighted Average Basic & Diluted Shares Outstanding		 8.72M 8.84M 8.87M 9.29M 9.61M 9.68M 10.06M - 10.34M 10.54M 10.71M

Quarterly Income Statements for RF Industries

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

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q2 2026
Period end date 7/31/2023 10/31/2023 1/31/2024 4/30/2024 7/31/2024 10/31/2024 1/31/2025 4/30/2025 7/31/2025 10/31/2025 4/30/2026
Net Income / (Loss) Attributable to Common Shareholders		 -1.65 72 -1.36 -4.29 -0.71 -0.24 -0.25 -0.25 0.39 0.17 0.88
Consolidated Net Income / (Loss)		 -1.65 -0.85 -1.36 -4.29 -0.71 -0.24 -0.25 -0.25 0.39 0.17 0.88
Net Income / (Loss) Continuing Operations		 -1.65 72 -1.36 -4.29 -0.71 -0.24 -0.25 -0.25 0.39 0.17 0.88
Total Pre-Tax Income 		-2.13 -1.22 -2.19 -0.65 -0.76 -0.21 -0.21 -0.11 0.48 0.65 0.94
Total Operating Income		 -2.01 2.69 -2.09 -0.42 -0.42 0.10 0.06 0.11 0.72 0.90 1.10
Total Gross Profit		 3.82 -15 3.30 4.82 4.96 5.78 5.72 5.95 6.72 8.35 7.27
Total Revenue		 16 16 13 16 17 18 19 19 20 23 21
Operating Revenue		 16 16 13 16 17 18 19 19 20 23 21
Total Cost of Revenue		 12 -41 10 11 12 13 13 13 13 14 13
Operating Cost of Revenue		 12 -41 10 11 12 13 13 13 13 14 13
Total Operating Expenses		 5.83 -15 5.39 5.24 5.38 5.69 5.66 5.84 6.00 7.45 6.17
Selling, General & Admin Expense		 5.14 -15 4.62 4.60 4.73 4.96 4.98 5.16 5.24 6.59 5.25
Research & Development Expense		 0.69 0.62 0.77 0.64 0.65 0.72 0.68 0.68 0.76 0.86 0.92
Total Other Income / (Expense), net		 -0.12 0.34 -0.11 -0.23 -0.34 -0.30 -0.27 -0.22 -0.24 -0.25 -0.16
Other Income / (Expense), net		 -0.12 0.34 -0.11 -0.23 -0.34 -0.30 -0.27 -0.22 -0.24 -0.25 -0.16
Income Tax Expense		 -0.48 -0.37 -0.83 3.65 -0.05 0.03 0.04 0.14 0.09 0.48 0.06
Basic Earnings per Share		 ($0.16) ($0.09) ($0.13) ($0.41) ($0.07) ($0.02) ($0.02) ($0.02) $0.04 $0.01 $0.08
Weighted Average Basic Shares Outstanding		 10.29M 10.28M 10.41M 10.50M 10.50M 10.48M 10.56M 10.67M 10.67M 10.65M 10.85M
Diluted Earnings per Share		 ($0.16) ($0.09) ($0.13) ($0.41) ($0.07) ($0.02) ($0.02) ($0.02) $0.04 $0.01 $0.08
Weighted Average Diluted Shares Outstanding		 10.29M 10.28M 10.41M 10.50M 10.50M 10.48M 10.56M 10.67M 10.77M 10.77M 11.42M
Weighted Average Basic & Diluted Shares Outstanding		 10.29M 10.34M 10.50M 10.50M 10.49M 10.54M 10.81M 10.67M 10.67M 10.71M 10.85M

Annual Cash Flow Statements for RF Industries

This table details how cash moves in and out of RF Industries' 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 2023 2024 2025
Period end date 10/31/2014 10/31/2015 10/31/2016 10/31/2017 10/31/2018 10/31/2019 10/31/2020 10/31/2021 10/31/2023 10/31/2024 10/31/2025
Net Change in Cash & Equivalents		 2.84 -7.12 -2.34 0.78 10 -3.79 3.26 -2.74 0.37 -4.06 4.24
Net Cash From Operating Activities		 4.49 0.17 -1.27 0.77 5.27 -2.71 4.55 -3.12 4.19 3.17 4.58
Net Cash From Continuing Operating Activities		 4.49 0.17 -1.27 0.77 5.27 -2.71 4.55 -3.12 4.19 3.17 4.58
Net Income / (Loss) Continuing Operations		 1.44 0.99 -4.09 0.17 6.03 3.52 -0.08 6.18 -3.08 -6.60 0.08
Consolidated Net Income / (Loss)		 1.44 0.99 -4.09 0.38 5.85 3.52 -0.08 6.18 -3.08 -6.60 0.08
Depreciation Expense		 0.59 1.00 1.04 0.51 0.51 0.56 1.01 0.77 2.43 2.54 2.46
Amortization Expense		 - - - - - - - 0.00 0.01 0.11 0.17
Non-Cash Adjustments To Reconcile Net Income		 0.21 0.33 3.14 0.22 0.22 0.34 0.66 -2.06 2.47 0.92 0.86
Changes in Operating Assets and Liabilities, net		 2.25 -2.16 -1.36 -0.13 -1.49 -7.13 2.95 -8.01 2.36 6.19 1.01
Net Cash From Investing Activities		 -0.15 -5.32 0.03 -0.17 3.70 -1.00 -4.14 -0.23 -2.48 -0.74 -0.22
Net Cash From Continuing Investing Activities		 -0.15 -5.32 0.03 -0.17 3.97 -1.00 -4.14 -0.23 -2.48 -0.74 -0.22
Purchase of Property, Plant & Equipment		 -0.15 -0.20 -0.38 -0.17 -0.27 -0.54 -0.24 -0.23 -2.48 -0.74 -0.24
Sale of Property, Plant & Equipment		 0.00 0.02 0.09 0.00 0.00 - - - - 0.00 0.01
Net Cash From Financing Activities		 -1.51 -1.97 -1.10 -0.65 0.38 -0.09 2.85 0.61 -1.34 -6.49 -0.12
Net Cash From Continuing Financing Activities		 -1.51 -1.97 -1.10 -0.65 0.38 -0.09 2.85 0.61 -1.34 -6.49 -0.12
Repayment of Debt		 - - - - - - - 0.00 -3.42 -58 -0.36
Issuance of Debt		 - - - - - 0.00 2.79 0.00 2.00 51 0.00
Other Financing Activities, net		 0.90 0.41 0.20 0.06 1.11 0.66 0.45 0.61 0.09 0.00 0.25
Cash Interest Paid		 - - - - - - - - 0.53 0.88 0.89
Cash Income Taxes Paid		 0.44 0.65 0.21 0.35 1.83 0.74 0.42 0.95 0.64 0.06 0.19

Quarterly Cash Flow Statements for RF Industries

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

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025
Period end date 7/31/2023 10/31/2023 1/31/2024 4/30/2024 7/31/2024 10/31/2024 1/31/2026 4/30/2025 7/31/2025 10/31/2025
Net Change in Cash & Equivalents		 -0.26 0.83 -0.41 -3.09 0.36 -0.93 0.03 2.72 -0.59 2.08
Net Cash From Operating Activities		 0.35 1.61 0.84 0.20 2.37 -0.24 0.87 1.93 -0.31 2.10
Net Cash From Continuing Operating Activities		 0.33 1.64 0.84 0.17 2.37 -0.22 0.87 1.93 -0.31 2.10
Net Income / (Loss) Continuing Operations		 -1.65 -0.85 -1.36 -4.29 -0.71 -0.24 -0.05 -0.44 0.39 0.17
Consolidated Net Income / (Loss)		 -1.65 -0.85 -1.36 -4.29 -0.71 -0.24 -0.05 -0.44 0.39 0.17
Depreciation Expense		 0.63 0.64 0.63 0.63 0.64 0.63 0.62 0.61 0.62 0.62
Amortization Expense		 0.00 0.00 0.00 0.02 0.04 0.05 0.02 0.06 0.04 0.04
Non-Cash Adjustments To Reconcile Net Income		 -1.01 2.61 0.41 0.07 0.67 -0.23 0.13 0.36 -0.14 0.50
Changes in Operating Assets and Liabilities, net		 2.34 -0.77 1.16 3.73 1.72 -0.42 0.15 1.33 -1.23 0.76
Net Cash From Investing Activities		 -1.01 -0.17 -0.14 -0.17 -0.25 -0.17 -0.22 0.17 -0.11 -0.07
Net Cash From Continuing Investing Activities		 -1.01 -0.17 -0.14 -0.17 -0.25 -0.17 -0.22 0.17 -0.11 -0.07
Purchase of Property, Plant & Equipment		 -1.01 -0.17 -0.14 -0.17 -0.25 -0.17 -0.22 0.16 -0.11 -0.07
Net Cash From Financing Activities		 0.40 -0.61 -1.11 -3.12 -1.76 -0.51 -0.62 0.62 -0.17 0.05
Net Cash From Continuing Financing Activities		 0.40 -0.61 -1.11 -3.12 -1.76 -0.51 -0.62 0.62 -0.17 0.05
Repayment of Debt		 -0.61 -1.61 -1.11 -13 - -44 -0.80 0.59 0.20 -0.36
Issuance of Debt		 1.00 1.00 - - -1.76 44 - - -0.37 0.37
Other Financing Activities, net		 0.00 0.00 0.00 - - - 0.18 0.03 - 0.04
Cash Income Taxes Paid		 0.02 0.62 -0.01 0.07 0.01 - 0.21 -0.07 0.03 0.03

Annual Balance Sheets for RF Industries

This table presents RF Industries' 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 2023 2024 2025
Period end date 10/31/2014 10/31/2015 10/31/2016 10/31/2017 10/31/2018 10/31/2019 10/31/2020 10/31/2021 10/31/2023 10/31/2024 10/31/2025
Total Assets		 29 32 26 25 33 38 41 50 82 71 73
Total Current Assets		 23 20 17 17 29 34 31 41 36 29 35
Cash & Equivalents		 15 7.60 5.26 5.21 16 13 16 13 4.90 0.84 5.08
Accounts Receivable		 2.43 3.98 4.08 2.90 4.26 12 5.67 14 10 12 15
Inventories, net		 5.26 6.93 6.02 5.54 7.11 8.25 8.59 11 19 15 14
Other Current Assets		 0.62 0.73 1.44 3.14 0.83 0.69 0.81 2.89 2.14 1.43 1.28
Plant, Property, & Equipment, net		 0.83 0.92 0.83 0.57 0.56 0.84 0.81 0.71 4.92 4.81 4.23
Plant, Property & Equipment, gross		 3.39 4.15 4.00 3.89 4.03 4.60 4.89 5.07 10 11 11
Accumulated Depreciation		 2.56 3.23 3.17 3.33 3.47 3.76 4.08 4.36 5.50 6.31 7.12
Total Noncurrent Assets		 4.76 12 8.22 7.70 3.41 3.20 9.15 8.29 41 37 34
Goodwill		 3.08 5.91 3.22 1.34 1.34 1.34 2.47 2.47 8.09 8.09 8.09
Intangible Assets		 1.60 5.66 4.86 2.30 2.02 1.75 4.36 3.91 15 13 11
Other Noncurrent Operating Assets		 0.09 0.11 0.14 4.06 0.05 0.07 1.49 1.52 16 16 14
Total Liabilities & Shareholders' Equity		 29 32 26 25 33 38 41 50 82 71 73
Total Liabilities		 3.17 5.88 4.45 3.72 4.72 6.17 8.76 10 43 37 38
Total Current Liabilities		 2.36 4.36 3.91 3.60 4.72 6.08 6.66 9.37 13 18 21
Short-Term Debt		 - - - - - 0.00 1.70 0.00 3.42 8.20 7.84
Accounts Payable		 0.87 1.49 1.14 1.04 1.34 2.41 1.48 3.50 3.20 3.80 3.11
Accrued Expenses		 1.42 2.87 2.77 1.79 3.38 3.65 2.57 5.03 4.57 4.25 7.64
Current Deferred & Payable Income Tax Liabilities		 - - - - 0.00 0.02 0.04 0.00 - 0.00 0.26
Other Current Liabilities		 - - - - - 0.00 0.87 0.83 1.31 1.85 2.05
Total Noncurrent Liabilities		 0.81 1.52 0.54 0.12 0.00 0.09 2.09 0.68 30 19 17
Noncurrent Deferred & Payable Income Tax Liabilities		 0.81 1.14 0.41 0.12 - - - - 0.00 0.21 0.25
Other Noncurrent Operating Liabilities		 0.00 0.38 0.13 - 0.00 0.09 1.01 0.68 19 19 17
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00
Total Equity & Noncontrolling Interests		 26 26 21 21 28 32 32 40 40 34 35
Total Preferred & Common Equity		 26 26 21 21 28 32 32 40 40 34 35
Total Common Equity		 26 26 21 21 28 32 32 40 40 34 35
Common Stock		 17 19 19 20 21 22 23 24 26 27 28
Retained Earnings		 8.54 7.16 1.93 1.60 6.72 9.49 9.02 15 14 6.97 7.05

Quarterly Balance Sheets for RF Industries

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

Metric Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025 Q2 2026
Period end date 7/31/2023 1/31/2024 4/30/2024 7/31/2024 1/31/2026 4/30/2025 7/31/2025 4/30/2026
Total Assets		 78 79 73 72 70 73 73 72
Total Current Assets		 35 33 30 29 33 33 34 35
Cash & Equivalents		 4.06 4.49 1.40 1.76 5.11 3.59 3.00 3.39
Accounts Receivable		 9.29 8.31 11 11 13 15 15 16
Inventories, net		 20 18 16 15 14 13 14 14
Other Current Assets		 1.28 2.14 1.89 1.90 1.02 1.56 1.57 1.64
Plant, Property, & Equipment, net		 4.97 4.86 4.81 4.85 4.24 4.47 4.37 4.07
Plant, Property & Equipment, gross		 10 11 11 11 12 11 11 12
Accumulated Depreciation		 5.29 5.71 5.93 6.10 7.33 6.71 6.92 7.53
Total Noncurrent Assets		 38 41 38 38 33 35 35 32
Goodwill		 8.09 8.09 8.09 8.09 8.09 8.09 8.09 8.09
Intangible Assets		 15 14 14 14 11 12 12 11
Other Noncurrent Operating Assets		 12 16 16 16 14 15 15 14
Total Liabilities & Shareholders' Equity		 0.00 0.00 0.00 72 70 73 73 72
Total Liabilities		 0.00 0.00 0.00 38 35 39 38 35
Total Current Liabilities		 0.00 0.00 0.00 18 18 21 21 19
Short-Term Debt		 - - - 8.70 7.12 7.99 7.83 6.14
Accounts Payable		 - - - 3.15 2.99 4.78 4.81 4.38
Accrued Expenses		 - - - 5.05 5.91 5.89 6.33 6.01
Current Deferred & Payable Income Tax Liabilities		 - - - - 0.29 - - 0.00
Other Current Liabilities		 - - - 1.48 2.06 1.93 2.05 2.04
Total Noncurrent Liabilities		 0.00 0.00 0.00 19 16 18 17 16
Noncurrent Deferred & Payable Income Tax Liabilities		 - - - 0.18 0.25 0.21 0.21 0.27
Other Noncurrent Operating Liabilities		 - - - 19 16 18 17 16
Commitments & Contingencies		 - - - 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 0.00 0.00 0.00 34 36 34 35 37
Total Preferred & Common Equity		 0.00 0.00 0.00 34 36 34 35 37
Total Common Equity		 0.00 0.00 0.00 34 36 34 35 37
Common Stock		 - - - 27 29 28 28 29
Retained Earnings		 - - - 7.21 7.00 6.48 6.87 7.88

Annual Metrics And Ratios for RF Industries

This table displays calculated financial ratios and metrics derived from RF Industries' official financial filings.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 10/31/2015 10/31/2016 10/31/2017 10/31/2018 10/31/2019 10/31/2020 10/31/2021 10/31/2022 10/31/2023 10/31/2024 10/31/2025
DEI Shares Outstanding		 8,571,831.00 8,835,483.00 8,852,246.00 9,289,701.00 9,392,351.00 9,771,517.00 10,040,598.00 10,156,191.00 10,289,891.00 10,493,485.00 10,667,447.00
DEI Adjusted Shares Outstanding		 8,571,831.00 8,835,483.00 8,852,246.00 9,289,701.00 9,392,351.00 9,771,517.00 10,040,598.00 10,156,191.00 10,289,891.00 10,493,485.00 10,667,447.00
DEI Earnings Per Adjusted Shares Outstanding		 0.12 -0.46 0.04 0.63 0.37 -1.23 0.62 -0.30 6.82 -0.63 0.01
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 33.71% -2.16% -24.00% 118.40% 10.22% -22.20% 33.41% 25.68% 0.00% -10.13% 24.25%
EBITDA Growth		 -35.97% -299.29% 120.24% 984.96% -36.06% -88.95% 1,311.13% -153.21% 157.46% -147.26% 398.87%
EBIT Growth		 -63.20% -661.51% 104.95% 3,130.17% -39.19% -109.83% 1,710.94% -158.89% 100.00% 0.00% 121.38%
NOPAT Growth		 -49.60% -593.57% 104.53% 3,925.69% -42.47% -108.19% 1,440.39% -170.29% 100.00% 0.00% 108.33%
Net Income Growth		 -30.92% -511.37% 109.34% 1,430.37% -39.77% -102.30% 7,730.86% -149.80% 0.00% -114.39% 101.14%
EPS Growth		 -31.25% -527.27% 108.51% 1,425.00% -40.98% -102.78% 6,200.00% -149.18% 0.00% -110.00% 101.59%
Operating Cash Flow Growth		 -96.26% -854.17% 160.62% 586.20% -151.42% 267.79% -168.66% 0.00% 0.00% -24.37% 44.68%
Free Cash Flow Firm Growth		 -281.78% 90.83% 2.56% 1,936.37% -135.81% 91.60% -979.27% 743.34% -305.13% 111.45% -35.33%
Invested Capital Growth		 68.58% -14.07% 4.78% -32.28% 65.89% 0.33% 39.33% 0.00% 0.00% -15.48% -8.36%
Revenue Q/Q Growth		 7.45% -0.08% -23.76% 21.78% 61.92% 0.00% 22.15% -13.44% 0.00% 4.14% 5.54%
EBITDA Q/Q Growth		 -7.34% -8,188.64% 129.14% 15.88% 48.15% 0.00% 16.09% -216.34% 0.00% -156.32% 32.30%
EBIT Q/Q Growth		 -24.80% -329.63% 106.73% 12.35% 37.01% 0.00% 19.61% -283.51% 0.00% -575.49% 1,793.75%
NOPAT Q/Q Growth		 -6.58% -330.09% 106.10% 13.11% 34.28% 0.00% 25.28% -231.01% 0.00% -1,132.75% -75.92%
Net Income Q/Q Growth		 -5.15% -415.64% 112.95% 2.65% 63.16% 0.00% 11.83% -270.06% 0.00% 8.51% 122.32%
EPS Q/Q Growth		 -8.33% -422.22% 111.76% 1.67% 63.64% 0.00% 10.91% -266.67% 0.00% 10.00% 150.00%
Operating Cash Flow Q/Q Growth		 -87.56% 41.07% -52.62% 27.20% -350.46% 0.00% 5.57% 0.00% 0.00% -36.95% 104.69%
Free Cash Flow Firm Q/Q Growth		 -17.64% 72.51% -133.50% 124.72% -491.97% -101.99% 83.87% 198.58% -126.00% -82.87% 67.96%
Invested Capital Q/Q Growth		 2.40% -18.92% 8.35% -27.56% 9.63% 0.00% 1.95% -100.00% -33.76% 0.85% -4.14%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 33.85% 27.99% 30.40% 34.07% 28.26% 26.87% 30.94% 27.07% 0.00% 29.10% 33.18%
EBITDA Margin		 5.92% -12.06% 3.21% 15.95% 9.25% 1.31% 13.91% -5.89% 3.38% -1.78% 4.28%
Operating Margin		 2.59% -15.50% 0.88% 14.84% 8.06% -0.94% 7.69% -5.26% 0.00% -4.35% 2.22%
EBIT Margin		 2.70% -15.49% 1.01% 14.93% 8.24% -1.04% 12.57% -5.89% 0.00% -5.86% 1.01%
Profit (Net Income) Margin		 3.22% -13.52% 1.66% 11.65% 6.36% -0.19% 10.76% -4.27% -4.27% -10.17% 0.09%
Tax Burden Percent		 119.18% 87.32% 164.66% 78.01% 77.27% 18.08% 85.65% 72.42% 72.42% 173.52% 9.23%
Interest Burden Percent		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 0.00% 100.00% 100.00%
Effective Tax Rate		 16.79% 0.00% 26.72% 19.59% 22.73% 0.00% 14.36% 0.00% 0.00% 0.00% 90.77%
Return on Invested Capital (ROIC)		 4.45% -18.80% 0.90% 42.24% 22.64% -1.48% 16.58% 0.00% 0.00% -4.37% 0.41%
ROIC Less NNEP Spread (ROIC-NNEP)		 1.50% -6.24% -3.91% 43.61% 22.11% -3.06% -1.83% 0.00% -66.57% -60.05% -1.36%
Return on Net Nonoperating Assets (RNNOA)		 -0.64% 1.68% 0.89% -18.44% -10.76% 1.23% 0.67% 0.00% -15.48% -13.51% -0.20%
Return on Equity (ROE)		 3.81% -17.12% 1.79% 23.80% 11.87% -0.25% 17.25% 0.00% -15.48% -17.88% 0.22%
Cash Return on Invested Capital (CROIC)		 -46.62% -3.66% -3.77% 80.73% -26.93% -1.81% -16.29% 0.00% -200.00% 12.41% 9.14%
Operating Return on Assets (OROA)		 2.72% -16.12% 0.91% 26.04% 12.98% -1.14% 15.95% 0.00% 0.00% -4.96% 1.13%
Return on Assets (ROA)		 3.24% -14.08% 1.50% 20.31% 10.03% -0.21% 13.66% 0.00% -3.74% -8.61% 0.10%
Return on Common Equity (ROCE)		 3.81% -17.12% 1.79% 23.80% 11.87% -0.25% 17.25% 0.00% -15.48% -17.88% 0.22%
Return on Equity Simple (ROE_SIMPLE)		 3.77% -19.11% 1.79% 21.04% 11.17% -0.25% 15.61% 0.00% -7.74% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 0.66 -3.28 0.15 5.99 3.45 -0.28 3.78 -2.66 0.00 -1.98 0.16
NOPAT Margin		 2.15% -10.85% 0.65% 11.93% 6.23% -0.66% 6.58% -3.68% 0.00% -3.05% 0.20%
Net Nonoperating Expense Percent (NNEP)		 2.95% -12.56% 4.81% -1.37% 0.52% 1.57% 18.42% 0.00% 66.57% 55.68% 1.77%
Return On Investment Capital (ROIC_SIMPLE)		 - - - - - - - - 0.00% -4.68% 0.38%
Cost of Revenue to Revenue		 66.15% 72.01% 69.60% 65.93% 71.74% 73.13% 69.06% 72.93% 0.00% 70.90% 66.82%
SG&A Expenses to Revenue		 28.76% 31.61% 25.93% 16.28% 17.55% 23.19% 20.68% 27.97% 0.00% 29.16% 27.26%
R&D to Revenue		 2.51% 2.47% 3.59% 2.95% 2.65% 4.62% 2.58% 4.37% 4.37% 4.29% 3.70%
Operating Expenses to Revenue		 31.26% 43.49% 29.52% 19.23% 20.20% 55.61% 23.25% 32.33% 4.37% 33.45% 30.96%
Earnings before Interest and Taxes (EBIT)		 0.83 -4.68 0.23 7.49 4.56 -0.45 7.22 -4.25 0.00 -3.80 0.81
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 1.83 -3.65 0.74 8.01 5.12 0.57 7.99 -4.25 2.44 -1.15 3.45
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 1.29 0.67 0.98 2.55 1.76 1.30 1.93 0.00 0.77 1.28 2.37
Price to Tangible Book Value (P/TBV)		 2.30 1.07 1.18 2.90 1.95 1.66 2.30 0.00 1.80 3.37 5.32
Price to Revenue (P/Rev)		 1.10 0.47 0.91 1.41 1.00 0.97 1.33 0.76 0.42 0.67 1.04
Price to Earnings (P/E)		 34.30 0.00 54.71 12.10 15.72 0.00 12.36 0.00 0.43 0.00 1,112.26
Dividend Yield		 7.04% 8.06% 3.39% 1.05% 1.36% 1.87% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield		 2.92% 0.00% 1.83% 8.27% 6.36% 0.00% 8.09% 0.00% 230.44% 0.00% 0.09%
Enterprise Value to Invested Capital (EV/IC)		 1.41 0.56 0.93 4.75 2.25 1.51 2.39 0.00 0.81 1.23 2.27
Enterprise Value to Revenue (EV/Rev)		 0.86 0.30 0.68 1.08 0.77 0.67 1.10 0.00 0.55 0.78 1.07
Enterprise Value to EBITDA (EV/EBITDA)		 14.48 0.00 21.26 6.79 8.36 50.91 7.93 0.00 16.26 0.00 24.99
Enterprise Value to EBIT (EV/EBIT)		 31.78 0.00 67.64 7.26 9.39 0.00 8.78 0.00 0.00 0.00 106.00
Enterprise Value to NOPAT (EV/NOPAT)		 39.86 0.00 105.49 9.08 12.42 0.00 16.76 0.00 0.00 0.00 523.33
Enterprise Value to Operating Cash Flow (EV/OCF)		 157.75 0.00 20.43 10.32 0.00 6.34 0.00 0.00 9.49 16.05 18.82
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 4.75 0.00 0.00 0.00 0.00 0.00 9.06 23.76
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.00 0.00 0.00 0.00 0.00 0.09 0.00 0.00 0.36 0.24 0.22
Long-Term Debt to Equity		 0.00 0.00 0.00 0.00 0.00 0.03 0.00 0.00 0.27 0.00 0.00
Financial Leverage		 -0.43 -0.27 -0.23 -0.42 -0.49 -0.40 -0.36 0.00 0.23 0.22 0.15
Leverage Ratio		 1.17 1.22 1.19 1.17 1.18 1.23 1.26 0.00 2.07 2.08 2.08
Compound Leverage Factor		 1.17 1.22 1.19 1.17 1.18 1.23 1.26 0.00 0.00 2.08 2.08
Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 8.00% 0.00% 0.00% 26.24% 19.40% 18.21%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 4.87% 0.00% 0.00% 6.35% 19.40% 18.21%
Long-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 3.12% 0.00% 0.00% 19.89% 0.00% 0.00%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 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		 100.00% 100.00% 100.00% 100.00% 100.00% 92.00% 100.00% 0.00% 73.76% 80.60% 81.79%
Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 4.93 0.00 0.00 5.79 -7.10 2.27
Net Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 -22.98 0.00 0.00 3.79 -6.38 0.80
Long-Term Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 1.92 0.00 0.00 4.39 0.00 0.00
Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 -9.88 0.00 0.00 0.00 -4.15 47.59
Net Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 46.11 0.00 0.00 0.00 -3.72 16.74
Long-Term Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 -3.86 0.00 0.00 0.00 0.00 0.00
Altman Z-Score		 5.40 3.20 5.04 12.47 8.48 4.90 7.39 0.00 1.88 1.76 2.83
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		 4.51 4.30 4.67 6.05 5.54 4.63 4.34 0.00 2.88 1.61 1.67
Quick Ratio		 2.65 2.39 2.25 4.36 4.07 3.22 2.84 0.00 1.21 0.72 0.95
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -6.97 -0.64 -0.62 11 -4.10 -0.34 -3.71 24 -49 5.61 3.63
Operating Cash Flow to CapEx		 89.36% -429.49% 449.12% 1,988.68% -503.72% 1,934.89% -1,375.33% 0.00% 168.55% 428.86% 2,053.36%
Free Cash Flow to Firm to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 1.01 1.04 0.90 1.74 1.58 1.10 1.27 0.00 0.88 0.85 1.12
Accounts Receivable Turnover		 9.65 7.51 6.59 14.03 6.73 4.82 5.98 0.00 7.02 5.79 5.97
Inventory Turnover		 3.36 3.36 2.77 5.23 5.17 3.74 4.01 0.00 0.00 2.75 3.78
Fixed Asset Turnover		 35.32 34.58 33.00 89.32 79.15 52.21 75.66 0.00 14.66 13.32 17.82
Accounts Payable Turnover		 17.33 16.55 14.72 27.84 21.18 16.22 15.93 0.00 0.00 13.14 15.60
Days Sales Outstanding (DSO)		 37.84 48.62 55.43 26.02 54.25 75.72 60.99 0.00 51.98 63.02 61.12
Days Inventory Outstanding (DIO)		 108.78 108.52 131.95 69.79 70.62 97.58 90.96 0.00 0.00 132.77 96.45
Days Payable Outstanding (DPO)		 21.07 22.05 24.80 13.11 17.23 22.50 22.91 0.00 0.00 27.78 23.40
Cash Conversion Cycle (CCC)		 125.55 135.10 162.57 82.70 107.63 150.80 129.04 0.00 51.98 168.01 134.17
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 19 16 17 11 19 19 27 0.00 49 41 38
Invested Capital Turnover		 2.07 1.73 1.39 3.54 3.63 2.26 2.52 0.00 2.95 1.43 2.03
Increase / (Decrease) in Invested Capital		 7.64 -2.64 0.77 -5.46 7.54 0.06 7.50 -27 49 -7.59 -3.46
Enterprise Value (EV)		 27 8.99 16 54 43 29 63 0.00 40 51 86
Market Capitalization		 34 14 21 71 55 42 76 55 30 43 83
Book Value per Share		 $3.08 $2.42 $2.41 $2.99 $3.36 $3.28 $3.94 $0.00 $3.86 $3.25 $3.30
Tangible Book Value per Share		 $1.73 $1.51 $2.00 $2.63 $3.03 $2.58 $3.31 $0.00 $1.64 $1.23 $1.47
Total Capital		 26 21 21 28 32 35 40 0.00 54 42 43
Total Debt		 0.00 0.00 0.00 0.00 0.00 2.79 0.00 0.00 14 8.20 7.84
Total Long-Term Debt		 0.00 0.00 0.00 0.00 0.00 1.09 0.00 0.00 11 0.00 0.00
Net Debt		 -7.60 -5.26 -5.21 -16 -13 -13 -13 0.00 9.25 7.36 2.76
Capital Expenditures (CapEx)		 0.19 0.30 0.17 0.27 0.54 0.24 0.23 0.00 2.48 0.74 0.22
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 7.70 7.63 7.99 7.48 15 10 18 0.00 22 18 17
Debt-free Net Working Capital (DFNWC)		 15 13 13 24 28 26 31 0.00 27 19 22
Net Working Capital (NWC)		 15 13 13 24 28 24 31 0.00 24 11 14
Net Nonoperating Expense (NNE)		 -0.33 0.81 -0.23 0.14 -0.08 -0.20 -2.40 0.42 3.08 4.62 0.09
Net Nonoperating Obligations (NNO)		 -7.60 -5.26 -4.44 -16 -13 -13 -13 0.00 9.25 7.36 2.76
Total Depreciation and Amortization (D&A)		 1.00 1.04 0.51 0.51 0.56 1.01 0.77 0.00 2.44 2.65 2.64
Debt-free, Cash-free Net Working Capital to Revenue		 24.92% 25.22% 34.75% 14.90% 27.18% 23.47% 31.74% 0.00% 30.56% 28.34% 20.88%
Debt-free Net Working Capital to Revenue		 49.49% 42.61% 57.41% 47.44% 49.85% 60.17% 54.47% 0.00% 37.35% 29.63% 27.19%
Net Working Capital to Revenue		 49.49% 42.61% 57.41% 47.44% 49.85% 56.22% 54.47% 0.00% 32.60% 17.00% 17.46%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.12 ($0.47) $0.04 $0.64 $0.38 ($0.01) $0.62 $0.00 $0.00 ($0.63) $0.01
Adjusted Weighted Average Basic Shares Outstanding		 8.49M 8.79M 8.84M 9.11M 9.36M 9.68M 9.98M 0.00 0.00 10.48M 10.65M
Adjusted Diluted Earnings per Share		 $0.11 ($0.47) $0.04 $0.61 $0.36 ($0.01) $0.61 $0.00 $0.00 ($0.63) $0.01
Adjusted Weighted Average Diluted Shares Outstanding		 8.86M 8.79M 8.92M 9.59M 9.85M 9.68M 10.15M 0.00 0.00 10.48M 10.77M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 8.72M 8.84M 8.87M 9.29M 9.61M 9.85M 10.06M 0.00 0.00 10.54M 10.71M
Normalized Net Operating Profit after Tax (NOPAT)		 0.66 -1.29 0.15 5.99 3.45 -0.28 3.78 -2.66 0.00 -1.98 1.25
Normalized NOPAT Margin		 2.15% -4.27% 0.65% 11.93% 6.23% -0.66% 6.58% -3.68% 0.00% -3.05% 1.55%
Pre Tax Income Margin		 2.70% -15.49% 1.01% 14.93% 8.24% -1.04% 12.57% -5.89% -5.89% -5.86% 1.01%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
EBIT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 239.64% -27.90% 185.08% 12.49% 21.24% -479.01% 0.00% 0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio		 239.64% -31.77% 185.08% 12.49% 21.24% -479.01% 0.00% 0.00% 0.00% 0.00% 0.00%

Quarterly Metrics And Ratios for RF Industries

This table displays calculated financial ratios and metrics derived from RF Industries' official financial filings.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q2 2026
Period end date 7/31/2023 10/31/2023 1/31/2024 4/30/2024 7/31/2024 10/31/2024 1/31/2026 4/30/2025 7/31/2025 10/31/2025 4/30/2026
DEI Shares Outstanding		 10,290,377.00 10,289,891.00 10,289,891.00 10,495,548.00 10,495,548.00 10,493,485.00 10,713,801.00 10,669,877.00 10,668,653.00 10,667,447.00 10,814,267.00
DEI Adjusted Shares Outstanding		 10,290,377.00 10,289,891.00 10,289,891.00 10,495,548.00 10,495,548.00 10,493,485.00 10,713,801.00 10,669,877.00 10,668,653.00 10,667,447.00 10,814,267.00
DEI Earnings Per Adjusted Shares Outstanding		 -0.16 7.04 -0.13 -0.41 -0.07 -0.02 0.00 -0.02 0.04 0.02 0.08
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 -34.35% 60.31% -26.63% -27.75% 7.56% 16.24% 40.95% 17.38% 17.55% 22.94% 9.42%
EBITDA Growth		 -202.96% 167.46% -100.00% -98.95% 94.91% -87.23% 140.12% 5,054.55% 1,598.68% 179.53% 65.61%
EBIT Growth		 -333.48% 155.70% -65.89% -254.68% 64.41% -106.86% 99.27% 82.95% 163.28% 413.94% 953.64%
NOPAT Growth		 -252.80% 151.05% -78.36% -142.64% 79.15% -96.43% 108.49% 125.54% 300.20% 256.94% 1,285.23%
Net Income Growth		 -313.36% 79.09% -17.21% -839.07% 57.14% 72.07% 96.33% 94.29% 155.60% 172.69% 458.78%
EPS Growth		 -300.00% 77.50% -18.18% -783.33% 56.25% 77.78% 100.00% 95.12% 157.14% 150.00% 500.00%
Operating Cash Flow Growth		 -84.34% 0.00% -5.51% -85.24% 577.71% -115.15% 3.21% 877.16% -113.11% 959.84% 0.00%
Free Cash Flow Firm Growth		 8.88% -306.14% 11.11% -1,073.48% 241.27% 116.24% 255.09% 265.58% -93.68% -51.62% -100.07%
Invested Capital Growth		 41.46% 0.00% 43.23% 37.80% -44.49% -15.48% -49.68% -45.99% -3.59% -8.36% 2.72%
Revenue Q/Q Growth		 -29.81% 1.42% -15.23% 19.71% 4.51% 9.60% 2.80% -0.31% 4.65% 14.63% 0.00%
EBITDA Q/Q Growth		 -243.24% 345.78% -142.43% 100.71% -790.91% 717.11% 33.26% -9.28% 107.47% 15.10% 0.00%
EBIT Q/Q Growth		 -610.07% 242.55% -172.33% 70.59% -17.36% 72.52% 92.31% -587.50% 535.45% 36.33% 0.00%
NOPAT Q/Q Growth		 -306.51% 233.83% -177.51% 80.10% -0.96% 122.91% 84.38% -40.11% 691.35% -59.15% 0.00%
Net Income Q/Q Growth		 -383.13% 48.21% -59.86% -215.27% 83.58% 66.24% 78.99% -390.00% 260.00% -55.87% 0.00%
EPS Q/Q Growth		 -366.67% 43.75% -44.44% -215.38% 82.93% 71.43% 100.00% 0.00% 300.00% -75.00% 0.00%
Operating Cash Flow Q/Q Growth		 -73.78% 360.29% -47.86% -76.55% 1,104.06% -110.29% 455.33% 122.03% -114.19% 774.60% 0.00%
Free Cash Flow Firm Q/Q Growth		 -1,230.73% -104.07% 49.10% 17.12% 264.09% -76.54% 386.11% -11.51% -93.73% 79.47% 0.00%
Invested Capital Q/Q Growth		 42.76% -33.76% 52.30% -4.31% -42.49% 0.85% -9.32% 2.70% 2.65% -4.14% 0.00%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 24.43% -94.68% 24.54% 29.94% 29.47% 31.34% 32.26% 31.46% 33.95% 36.81% 35.12%
EBITDA Margin		 -9.55% 23.13% -11.58% 0.07% -0.45% 2.54% 3.29% 3.00% 5.76% 5.78% 4.54%
Operating Margin		 -12.84% 16.94% -15.49% -2.58% -2.49% 0.52% 0.93% 0.56% 3.63% 3.98% 5.31%
EBIT Margin		 -13.59% 19.10% -16.30% -4.00% -4.50% -1.13% -0.08% -0.58% 2.42% 2.88% 4.54%
Profit (Net Income) Margin		 -10.51% -5.37% -10.12% -26.65% -4.19% -1.29% -0.26% -1.30% 1.98% 0.76% 4.25%
Tax Burden Percent		 77.34% 69.95% 62.11% 665.74% 93.13% 114.42% 312.50% 222.73% 81.67% 26.53% 93.61%
Interest Burden Percent		 100.00% -40.17% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.21% 99.85% 100.00%
Effective Tax Rate		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 18.33% 73.47% 6.39%
Return on Invested Capital (ROIC)		 0.00% 34.93% -11.51% -1.79% -1.89% 0.52% 0.82% 0.52% 5.62% 2.15% 0.00%
ROIC Less NNEP Spread (ROIC-NNEP)		 0.00% -24.22% -11.29% -11.62% -2.90% -3.15% 0.37% -0.32% 2.30% 0.82% 0.00%
Return on Net Nonoperating Assets (RNNOA)		 0.00% -5.63% -23.61% -22.64% -6.88% -0.71% 0.79% -0.71% 0.39% 0.12% 0.00%
Return on Equity (ROE)		 0.00% 29.30% -35.12% -24.42% -8.77% -0.19% 1.62% -0.18% 6.01% 2.27% 0.00%
Cash Return on Invested Capital (CROIC)		 -34.34% -200.00% -36.56% -33.86% 56.93% 12.41% 65.24% 59.51% 5.35% 9.14% 0.00%
Operating Return on Assets (OROA)		 0.00% 16.75% -13.35% -3.12% -3.74% -0.95% -0.08% -0.59% 2.55% 3.22% 0.00%
Return on Assets (ROA)		 0.00% -4.71% -8.29% -20.75% -3.48% -1.09% -0.25% -1.31% 2.09% 0.85% 0.00%
Return on Common Equity (ROCE)		 0.00% 29.30% -35.12% -24.42% -8.77% -0.19% 1.62% -0.18% 6.01% 2.27% 0.00%
Return on Equity Simple (ROE_SIMPLE)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 -1.41 1.88 -1.46 -0.29 -0.29 0.07 0.12 0.07 0.59 0.24 1.03
NOPAT Margin		 -8.99% 11.86% -10.84% -1.80% -1.74% 0.36% 0.65% 0.39% 2.97% 1.06% 4.97%
Net Nonoperating Expense Percent (NNEP)		 0.56% 59.15% -0.23% 9.83% 1.02% 3.68% 0.45% 0.84% 3.32% 1.32% 4.16%
Return On Investment Capital (ROIC_SIMPLE)		 - 3.49% 0.00% 0.00% -0.68% 0.16% 0.29% 0.18% 1.38% 0.56% 2.39%
Cost of Revenue to Revenue		 75.57% -259.92% 75.46% 70.06% 70.53% 68.66% 67.74% 68.54% 66.05% 63.19% 64.88%
SG&A Expenses to Revenue		 32.86% -95.67% 34.32% 28.57% 28.08% 26.90% 26.84% 27.29% 26.48% 29.04% 25.39%
R&D to Revenue		 4.41% 3.89% 5.71% 3.95% 3.88% 3.92% 4.49% 3.61% 3.84% 3.78% 4.42%
Operating Expenses to Revenue		 37.27% -91.77% 40.04% 32.52% 31.96% 30.82% 31.33% 30.90% 30.31% 32.83% 29.81%
Earnings before Interest and Taxes (EBIT)		 -2.13 3.03 -2.19 -0.65 -0.76 -0.21 -0.02 -0.11 0.48 0.65 0.94
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 -1.49 3.67 -1.56 0.01 -0.08 0.47 0.63 0.57 1.14 1.31 0.94
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 0.00 0.77 0.00 0.00 1.28 1.28 2.94 1.20 2.53 2.37 4.26
Price to Tangible Book Value (P/TBV)		 0.00 1.80 0.00 0.00 3.49 3.37 6.36 2.96 5.92 5.32 8.64
Price to Revenue (P/Rev)		 0.00 0.42 0.47 0.49 0.70 0.67 1.48 0.56 1.15 1.04 0.00
Price to Earnings (P/E)		 0.00 0.43 0.45 0.46 0.66 0.00 0.00 0.00 0.00 1,112.26 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% 230.44% 220.84% 216.92% 150.92% 0.00% 0.00% 0.00% 0.00% 0.09% 0.00%
Enterprise Value to Invested Capital (EV/IC)		 0.47 0.81 0.36 0.40 1.23 1.23 2.84 1.17 2.34 2.27 4.03
Enterprise Value to Revenue (EV/Rev)		 0.00 0.55 0.40 0.47 0.81 0.78 1.51 0.62 1.21 1.07 0.00
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 16.26 16.36 45.35 24.75 0.00 127.49 32.52 35.57 24.99 0.00
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 106.00 0.00
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 135.60 523.33 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 9.49 6.58 9.55 10.10 16.05 33.39 9.20 41.46 18.82 91.88
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 0.00 1.55 9.06 2.91 1.38 42.94 23.76 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.00 0.36 0.00 0.00 0.26 0.24 0.20 0.23 0.23 0.22 0.17
Long-Term Debt to Equity		 0.00 0.27 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Financial Leverage		 2.06 0.23 2.09 1.95 2.37 0.22 2.16 2.22 0.17 0.15 0.10
Leverage Ratio		 4.01 2.07 4.01 3.75 4.39 2.08 4.20 4.26 2.11 2.08 2.03
Compound Leverage Factor		 4.01 -0.83 4.01 3.75 4.39 2.08 4.20 4.26 2.11 2.08 2.03
Debt to Total Capital		 0.00% 26.24% 0.00% 0.00% 20.32% 19.40% 16.69% 18.96% 18.38% 18.21% 14.28%
Short-Term Debt to Total Capital		 0.00% 6.35% 0.00% 0.00% 20.32% 19.40% 16.69% 18.96% 18.38% 18.21% 14.28%
Long-Term Debt to Total Capital		 0.00% 19.89% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 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		 0.00% 73.76% 0.00% 0.00% 79.68% 80.60% 83.31% 81.04% 81.62% 81.79% 85.72%
Debt to EBITDA		 0.00 5.79 0.00 0.00 4.25 -7.10 8.52 5.74 3.00 2.27 0.00
Net Debt to EBITDA		 0.00 3.79 0.00 0.00 3.39 -6.38 2.41 3.17 1.85 0.80 0.00
Long-Term Debt to EBITDA		 0.00 4.39 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Debt to NOPAT		 0.00 0.00 0.00 0.00 -54.30 -4.15 -14.92 -70.93 11.45 47.59 0.00
Net Debt to NOPAT		 0.00 0.00 0.00 0.00 -43.29 -3.72 -4.22 -39.11 7.06 16.74 0.00
Long-Term Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Altman Z-Score		 0.00 2.00 0.00 0.00 1.85 1.93 3.20 1.97 2.78 2.82 0.00
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		 0.00 2.88 0.00 0.00 1.60 1.61 1.80 1.59 1.62 1.67 1.89
Quick Ratio		 0.00 1.21 0.00 0.00 0.68 0.72 0.99 0.90 0.87 0.95 1.02
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -23 -47 -24 -20 33 7.65 37 33 2.06 3.70 -0.02
Operating Cash Flow to CapEx		 34.72% 936.63% 587.41% 116.57% 941.27% -140.23% 397.71% 0.00% -287.96% 3,178.79% 0.00%
Free Cash Flow to Firm to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.00 0.88 0.82 0.78 0.83 0.85 0.94 1.01 1.05 1.12 0.00
Accounts Receivable Turnover		 0.00 7.02 6.06 4.88 6.24 5.79 6.59 5.75 5.87 5.97 0.00
Inventory Turnover		 0.00 0.00 0.00 0.00 0.00 2.75 3.11 3.52 3.57 3.78 0.00
Fixed Asset Turnover		 0.00 14.66 14.87 13.60 12.69 13.32 15.52 15.82 16.57 17.82 0.00
Accounts Payable Turnover		 0.00 0.00 0.00 0.00 0.00 13.14 0.00 0.00 13.12 15.60 0.00
Days Sales Outstanding (DSO)		 0.00 51.98 60.25 74.81 58.52 63.02 55.36 63.53 62.20 61.12 0.00
Days Inventory Outstanding (DIO)		 0.00 0.00 0.00 0.00 0.00 132.77 117.49 103.63 102.18 96.45 0.00
Days Payable Outstanding (DPO)		 0.00 0.00 0.00 0.00 0.00 27.78 0.00 0.00 27.82 23.40 0.00
Cash Conversion Cycle (CCC)		 0.00 51.98 60.25 74.81 58.52 168.01 172.85 167.16 136.57 134.17 0.00
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 74 49 75 71 41 41 38 39 40 38 40
Invested Capital Turnover		 0.00 2.95 1.06 0.99 1.08 1.43 1.26 1.33 1.89 2.03 0.00
Increase / (Decrease) in Invested Capital		 22 49 23 20 -33 -7.59 -37 -33 -1.48 -3.46 1.05
Enterprise Value (EV)		 35 40 27 29 51 51 107 45 93 86 160
Market Capitalization		 39 30 32 30 44 43 105 41 88 83 157
Book Value per Share		 $0.00 $3.86 $0.00 $0.00 $3.25 $3.25 $3.32 $3.20 $3.26 $3.30 $3.41
Tangible Book Value per Share		 ($2.26) $1.64 ($2.15) ($2.10) $1.20 $1.23 $1.53 $1.30 $1.39 $1.47 $1.68
Total Capital		 0.00 54 0.00 0.00 43 42 43 42 43 43 43
Total Debt		 0.00 14 0.00 0.00 8.70 8.20 7.12 7.99 7.83 7.84 6.14
Total Long-Term Debt		 0.00 11 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Debt		 -4.06 9.25 -4.49 -1.40 6.94 7.36 2.01 4.41 4.83 2.76 2.75
Capital Expenditures (CapEx)		 1.01 0.17 0.14 0.17 0.25 0.17 0.22 -0.16 0.11 0.07 0.00
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 31 22 28 29 18 18 17 17 18 17 19
Debt-free Net Working Capital (DFNWC)		 35 27 33 30 20 19 22 20 21 22 23
Net Working Capital (NWC)		 35 24 33 30 11 11 15 12 13 14 17
Net Nonoperating Expense (NNE)		 0.24 2.74 -0.10 4.00 0.41 0.31 0.17 0.32 0.20 0.07 0.15
Net Nonoperating Obligations (NNO)		 74 9.25 75 71 6.94 7.36 2.01 4.41 4.83 2.76 2.75
Total Depreciation and Amortization (D&A)		 0.63 0.64 0.64 0.66 0.68 0.68 0.64 0.68 0.66 0.66 0.00
Debt-free, Cash-free Net Working Capital to Revenue		 0.00% 30.56% 42.24% 47.18% 28.82% 28.34% 23.60% 22.53% 23.45% 20.88% 0.00%
Debt-free Net Working Capital to Revenue		 0.00% 37.35% 48.91% 49.47% 31.65% 29.63% 30.84% 27.41% 27.37% 27.19% 0.00%
Net Working Capital to Revenue		 0.00% 32.60% 48.91% 49.47% 17.67% 17.00% 20.75% 16.52% 17.12% 17.46% 0.00%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 ($0.16) ($0.09) ($0.13) ($0.41) ($0.07) ($0.02) $0.00 ($0.02) $0.04 $0.01 $0.08
Adjusted Weighted Average Basic Shares Outstanding		 10.29M 10.28M 10.41M 10.50M 10.50M 10.48M 10.74M 10.67M 10.67M 10.65M 10.85M
Adjusted Diluted Earnings per Share		 ($0.16) ($0.09) ($0.13) ($0.41) ($0.07) ($0.02) $0.00 ($0.02) $0.04 $0.01 $0.08
Adjusted Weighted Average Diluted Shares Outstanding		 10.29M 10.28M 10.41M 10.50M 10.50M 10.48M 10.74M 10.67M 10.77M 10.77M 11.42M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 10.29M 10.34M 10.50M 10.50M 10.49M 10.54M 10.81M 10.67M 10.67M 10.71M 10.85M
Normalized Net Operating Profit after Tax (NOPAT)		 -1.41 1.88 -1.46 -0.29 -0.29 0.07 0.12 0.07 0.59 0.63 1.03
Normalized NOPAT Margin		 -8.99% 11.86% -10.84% -1.80% -1.74% 0.36% 0.65% 0.39% 2.97% 2.79% 4.97%
Pre Tax Income Margin		 -13.59% -7.67% -16.30% -4.00% -4.50% -1.13% -0.08% -0.58% 2.43% 2.87% 4.54%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
EBIT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

Financials Breakdown Chart

Key Financial Trends

RF Industries (NASDAQ: RFIL) showed a notable rebound in Q2 2026, with stronger profitability and a healthier balance sheet than a year ago. Revenue rose modestly year over year, margins improved, and the company generated positive operating cash flow. That said, RFIL still operates with relatively thin profitability and a leveraged balance sheet, so the turnaround looks promising but not fully de-risked.

  • Revenue improved year over year. Q2 2026 revenue increased to $20.7 million from $18.9 million in Q2 2025, suggesting the business is growing again.
  • Profitability improved sharply versus last year. Net income came in at $879,000 in Q2 2026 versus a net loss of $245,000 in Q2 2025.
  • Operating income turned solidly positive. Operating income rose to $1.1 million from just $106,000 in Q2 2025, showing better operating leverage.
  • Cash generation was strong. RFIL produced $2.1 million in operating cash flow in Q4 2025 and $1.9 million in Q2 2025, showing the business can still convert earnings into cash.
  • Quarterly balance sheet liquidity improved. Cash and equivalents increased to $3.39 million in Q2 2026 from $3.00 million in Q3 2025.
  • Equity also expanded. Total common equity rose to $36.9 million in Q2 2026 from $34.8 million in Q3 2025, reflecting retained earnings growth.
  • Gross margin improved, but remains a key swing factor. Gross profit rose to $7.3 million in Q2 2026 from $6.7 million a year earlier, helped by better revenue and cost control.
  • Shares outstanding remain elevated. Diluted shares in Q2 2026 were 11.4 million, up from about 10.8 million in Q4 2025, which can limit per-share earnings growth.
  • Liabilities remain significant. Total liabilities were $34.7 million in Q2 2026, leaving the company with meaningful leverage relative to its size.
  • Working capital is tied up in receivables and inventory. As of Q2 2026, accounts receivable were $15.6 million and inventory was $14.4 million, which can pressure cash flow if collections or demand slow.

Bottom line: RFIL’s latest quarter points to a meaningful improvement in earnings and operating performance, but the stock still carries execution risk because profitability is modest and the balance sheet is not especially strong. Investors will likely want to see a few more quarters of revenue growth and consistent cash generation before calling the turnaround complete.

07/11/26 09:35 PM ETAI Generated. May Contain Errors.

RF Industries Financials - Frequently Asked Questions

According to the most recent income statement we have on file, RF Industries' fiscal year ends in October. Their fiscal year 2025 ended on October 31, 2025.

RF Industries' net income appears to be on a downward trend, with a most recent value of $75 thousand in 2025, falling from $994 thousand in 2015. The previous period was -$6.60 million in 2024. See where experts think RF Industries is headed by visiting RF Industries' forecast page.

RF Industries' total operating income in 2025 was $1.79 million, based on the following breakdown:
  • Total Gross Profit: $26.74 million
  • Total Operating Expenses: $24.95 million

Over the last 10 years, RF Industries' total revenue changed from $30.91 million in 2015 to $80.59 million in 2025, a change of 160.7%.

RF Industries' total liabilities were at $37.84 million at the end of 2025, a 2.3% increase from 2024, and a 1,092.6% increase since 2014.

In the past 10 years, RF Industries' cash and equivalents has ranged from $839 thousand in 2024 to $16.33 million in 2018, and is currently $5.08 million as of their latest financial filing in 2025.

Over the last 10 years, RF Industries' book value per share changed from 3.08 in 2015 to 3.30 in 2025, a change of 7.3%.


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Financial statements for NASDAQ:RFIL last updated on 7/9/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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