The Shyft Group (SHYF) Financials

$9.37 -0.40 (-4.09%)

Closing price 05/21/2025 04:00 PM Eastern

Extended Trading

$9.54 +0.17 (+1.86%)

As of 05:35 AM Eastern

Annual Income Statements for The Shyft Group

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

Metric	2024	2023	2022
Period end date	12/31/2024	12/31/2023	12/31/2022
Net Income / (Loss) Attributable to Common Shareholders	-2.80	6.50	37
Consolidated Net Income / (Loss)	-2.80	6.46	37
Net Income / (Loss) Continuing Operations	-2.80	6.46	37
Total Pre-Tax Income	-2.23	0.70	44
Total Operating Income	4.11	6.75	48
Total Gross Profit	157	150	180
Total Revenue	786	872	1,027
Operating Revenue	786	872	1,027
Total Cost of Revenue	629	722	847
Operating Cost of Revenue	629	722	847
Total Operating Expenses	153	144	133
Selling, General & Admin Expense	137	118	108
Research & Development Expense	16	25	25
Total Other Income / (Expense), net	-6.34	-6.06	-3.58
Interest Expense	8.54	6.53	2.83
Other Income / (Expense), net	2.20	0.47	-0.75
Income Tax Expense	0.57	-5.77	7.37
Net Income / (Loss) Attributable to Noncontrolling Interest	0.00	-0.03	0.00
Basic Earnings per Share	($0.08)	$0.19	$1.04
Weighted Average Basic Shares Outstanding	34.43M	34.72M	35.07M
Diluted Earnings per Share	($0.08)	$0.19	$1.03
Weighted Average Diluted Shares Outstanding	34.43M	34.86M	35.49M
Weighted Average Basic & Diluted Shares Outstanding	34.93M	34.31M	35.22M
Cash Dividends to Common per Share	$0.20	$0.20	$0.20

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

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Income / (Loss) Attributable to Common Shareholders	-1.44	-3.41	3.12	2.16	-4.67	-4.42	4.52	4.69	1.71	18	17
Consolidated Net Income / (Loss)	-1.44	-3.41	3.12	2.16	-4.67	-4.42	4.52	4.69	1.68	18	17
Net Income / (Loss) Continuing Operations	-1.44	-3.41	3.12	2.16	-4.67	-4.42	4.52	4.69	1.68	18	17
Total Pre-Tax Income	-0.78	-3.47	3.08	2.06	-3.89	-9.22	2.57	5.24	2.11	22	21
Total Operating Income	1.75	-3.02	5.33	3.73	-1.93	-7.65	4.12	6.59	3.69	23	22
Total Gross Profit	40	43	40	41	34	28	37	43	43	58	54
Total Revenue	205	201	194	193	198	202	201	225	243	302	286
Operating Revenue	205	201	194	193	198	202	201	225	243	302	286
Total Cost of Revenue	164	158	154	152	164	174	165	182	201	244	232
Operating Cost of Revenue	164	158	154	152	164	174	165	182	201	244	232
Total Operating Expenses	39	46	34	37	36	36	33	36	39	35	32
Selling, General & Admin Expense	35	42	30	32	32	28	27	30	32	29	25
Research & Development Expense	3.89	3.89	4.20	4.51	3.72	7.12	5.23	5.89	6.95	5.78	7.05
Total Other Income / (Expense), net	-2.53	-0.45	-2.25	-1.67	-1.96	-1.57	-1.56	-1.35	-1.58	-1.49	-0.96
Interest Expense	2.66	2.34	2.39	1.75	2.05	1.83	1.57	1.48	1.65	1.08	1.14
Other Income / (Expense), net	0.13	1.89	0.14	0.08	0.10	0.26	0.02	0.12	0.07	-0.41	0.18
Income Tax Expense	0.65	-0.06	-0.05	-0.11	0.78	-4.80	-1.95	0.56	0.43	4.02	3.77
Basic Earnings per Share	($0.04)	($0.09)	$0.09	$0.06	($0.14)	($0.12)	$0.13	$0.13	$0.05	$0.51	$0.49
Weighted Average Basic Shares Outstanding	34.93M	34.43M	34.47M	34.40M	34.32M	34.72M	34.60M	34.94M	35.06M	35.07M	35.06M
Diluted Earnings per Share	($0.04)	($0.09)	$0.09	$0.06	($0.14)	($0.12)	$0.13	$0.13	$0.05	$0.50	$0.49
Weighted Average Diluted Shares Outstanding	34.93M	34.43M	34.65M	34.47M	34.32M	34.86M	34.64M	34.99M	35.34M	35.49M	35.37M
Weighted Average Basic & Diluted Shares Outstanding	35.01M	34.93M	34.49M	34.46M	34.37M	34.31M	34.29M	34.96M	34.92M	35.22M	35.07M
Cash Dividends to Common per Share	$0.05	-	$0.05	$0.05	$0.05	-	$0.05	$0.05	$0.05	-	$0.05

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

Metric	2024	2023	2022
Period end date	12/31/2024	12/31/2023	12/31/2022
Net Change in Cash & Equivalents	5.82	-1.59	-26
Net Cash From Operating Activities	30	56	-19
Net Cash From Continuing Operating Activities	30	56	-19
Net Income / (Loss) Continuing Operations	-2.80	6.46	37
Consolidated Net Income / (Loss)	-2.80	6.46	37
Depreciation Expense	20	17	15
Non-Cash Adjustments To Reconcile Net Income	22	81	-86
Changes in Operating Assets and Liabilities, net	-9.70	-48	15
Net Cash From Investing Activities	-61	-21	-20
Net Cash From Continuing Investing Activities	-61	-21	-20
Purchase of Property, Plant & Equipment	-14	-21	-21
Acquisitions	-48	-0.50	0.00
Sale of Property, Plant & Equipment	0.10	0.12	0.15
Net Cash From Financing Activities	37	-37	14
Net Cash From Continuing Financing Activities	37	-37	14
Repayment of Debt	-105	-139	-89
Repurchase of Common Equity	-0.11	-19	-27
Payment of Dividends	-6.98	-7.11	-7.15
Issuance of Debt	150	133	145
Other Financing Activities, net	-0.95	-4.46	-8.41

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

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Change in Cash & Equivalents	0.39	-5.66	12	-4.29	3.29	0.08	2.07	0.43	-4.17	8.69	-3.75
Net Cash From Operating Activities	-4.52	13	20	1.13	-3.96	11	9.20	30	5.89	26	-7.82
Net Cash From Continuing Operating Activities	-4.52	13	20	1.13	-3.96	11	9.20	30	5.89	26	-7.82
Net Income / (Loss) Continuing Operations	-1.44	-3.41	3.12	2.16	-4.67	-4.42	4.52	4.69	1.68	18	17
Consolidated Net Income / (Loss)	-1.44	-3.41	3.12	2.16	-4.67	-4.42	4.52	4.69	1.68	18	17
Depreciation Expense	5.50	5.76	5.28	4.78	4.44	4.59	4.31	4.19	3.86	4.72	3.36
Non-Cash Adjustments To Reconcile Net Income	-16	9.01	13	0.72	-0.21	13	-3.23	47	24	-25	-52
Changes in Operating Assets and Liabilities, net	7.44	1.48	-1.14	-6.53	-3.52	-1.78	3.60	-26	-24	28	23
Net Cash From Investing Activities	-4.96	-1.18	-51	-3.51	-5.64	-4.57	-5.16	-6.44	-4.94	-6.34	-4.22
Net Cash From Continuing Investing Activities	-4.96	-1.18	-51	-3.51	-5.64	-4.57	-5.16	-6.44	-4.94	-6.34	-4.22
Purchase of Property, Plant & Equipment	-4.98	-2.18	-2.24	-3.52	-5.72	-4.59	-5.18	-6.49	-4.47	-6.34	-4.22
Sale of Property, Plant & Equipment	0.02	0.00	0.00	0.02	0.08	0.02	0.02	0.06	0.03	-	-
Net Cash From Financing Activities	9.87	-17	43	-1.91	13	-6.77	-1.97	-23	-5.11	-11	8.30
Net Cash From Continuing Financing Activities	9.87	-17	43	-1.91	13	-6.77	-1.97	-23	-5.11	-11	8.30
Repayment of Debt	-20	-30	-25	-25	-25	-38	-20	-50	-31	-34	-25
Payment of Dividends	-1.75	-1.75	-1.74	-1.77	-1.72	-1.72	-1.74	-1.78	-1.88	-1.75	-1.76
Issuance of Debt	35	15	70	25	40	33	30	30	40	25	35
Other Financing Activities, net	-3.38	-0.46	0.05	-0.15	-0.39	0.01	0.07	-1.07	-3.47	0.13	0.05

This table presents The Shyft 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	2024	2023	2022
Period end date	12/31/2024	12/31/2023	12/31/2022
Total Assets	569	530	580
Total Current Assets	298	287	346
Cash & Equivalents	16	9.96	12
Accounts Receivable	124	114	135
Inventories, net	110	105	100
Other Current Assets	48	58	99
Plant, Property, & Equipment, net	81	83	71
Total Noncurrent Assets	190	160	164
Goodwill	64	49	49
Intangible Assets	59	45	49
Noncurrent Deferred & Refundable Income Taxes	24	17	10
Other Noncurrent Operating Assets	43	48	56
Total Liabilities & Shareholders' Equity	569	530	580
Total Liabilities	320	278	312
Total Current Liabilities	182	183	201
Short-Term Debt	37	35	20
Accounts Payable	95	100	124
Accrued Expenses	7.65	7.23	7.16
Customer Deposits	3.55	4.76	5.26
Current Employee Benefit Liabilities	16	14	14
Other Current Liabilities	22	23	30
Total Noncurrent Liabilities	138	95	111
Long-Term Debt	95	50	56
Other Noncurrent Operating Liabilities	43	45	54
Commitments & Contingencies	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	248	252	269
Total Preferred & Common Equity	248	252	269
Preferred Stock	0.00	0.00	0.00
Total Common Equity	248	252	269
Common Stock	100	94	93
Retained Earnings	149	158	176

This table presents The Shyft 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	Q1 2025	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022
Period end date	3/31/2025	9/30/2024	6/30/2024	3/31/2024	9/30/2023	6/30/2023	3/31/2023	9/30/2022
Total Assets	581	569	498	508	535	496	557	552
Total Current Assets	313	300	264	268	300	260	318	326
Cash & Equivalents	16	21	8.96	13	9.88	7.81	7.38	2.86
Accounts Receivable	143	131	113	98	121	103	136	112
Inventories, net	104	109	95	98	115	101	109	111
Other Current Assets	51	39	47	60	54	48	65	100
Plant, Property, & Equipment, net	81	84	79	81	79	77	74	67
Total Noncurrent Assets	187	186	155	158	156	158	165	159
Goodwill	64	65	49	49	49	49	49	49
Intangible Assets	58	61	44	44	46	47	48	50
Noncurrent Deferred & Refundable Income Taxes	24	17	17	17	11	10	10	4.82
Other Noncurrent Operating Assets	41	43	45	48	50	52	58	55
Total Liabilities & Shareholders' Equity	581	569	498	508	535	496	557	552
Total Liabilities	334	317	248	261	280	235	300	302
Total Current Liabilities	182	165	142	152	176	140	180	185
Short-Term Debt	41	32	20	19	29	9.49	16	24
Accounts Payable	88	81	74	86	99	86	108	107
Accrued Expenses	7.89	8.83	8.14	8.21	6.32	6.02	6.18	6.43
Customer Deposits	10	6.02	5.62	3.94	6.23	4.20	7.72	11
Current Employee Benefit Liabilities	11	17	15	12	16	15	16	16
Other Current Liabilities	24	21	20	23	18	20	26	22
Total Noncurrent Liabilities	152	152	107	109	104	95	120	116
Long-Term Debt	110	110	65	65	55	45	65	65
Other Noncurrent Operating Liabilities	41	41	42	44	49	49	55	51
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	247	253	249	247	256	261	257	250
Total Preferred & Common Equity	247	253	249	247	256	261	257	250
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	247	253	249	247	256	261	257	250
Common Stock	102	99	97	95	91	91	89	90
Retained Earnings	145	154	152	152	165	171	168	160

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

Metric	2024	2023	2022
Period end date	12/31/2024	12/31/2023	12/31/2022
Growth Metrics	-	-	-
Revenue Growth	-9.86%	-15.09%	3.57%
EBITDA Growth	9.87%	-60.71%	-36.07%
EBIT Growth	-12.63%	-84.55%	-44.92%
NOPAT Growth	-95.42%	58.62%	-43.21%
Net Income Growth	-143.24%	-82.32%	-47.89%
EPS Growth	-142.11%	-81.55%	-46.07%
Operating Cash Flow Growth	-46.56%	398.49%	-125.46%
Free Cash Flow Firm Growth	-151.03%	229.88%	-238.32%
Invested Capital Growth	11.62%	-1.83%	38.46%
Revenue Q/Q Growth	-0.11%	-10.26%	2.47%
EBITDA Q/Q Growth	38.83%	-55.75%	9.75%
EBIT Q/Q Growth	12,036.54%	-80.77%	8.83%
NOPAT Q/Q Growth	883.78%	83.80%	-4.06%
Net Income Q/Q Growth	26.43%	-77.49%	-7.00%
EPS Q/Q Growth	27.27%	-76.54%	-6.36%
Operating Cash Flow Q/Q Growth	4.94%	-20.19%	-47.13%
Free Cash Flow Firm Q/Q Growth	18.57%	71.15%	8.51%
Invested Capital Q/Q Growth	-2.21%	-1.06%	-1.03%
Profitability Metrics	-	-	-
Gross Margin	19.99%	17.24%	17.57%
EBITDA Margin	3.38%	2.77%	5.99%
Operating Margin	0.52%	0.77%	4.63%
EBIT Margin	0.80%	0.83%	4.55%
Profit (Net Income) Margin	-0.36%	0.74%	3.56%
Tax Burden Percent	125.39%	928.74%	83.23%
Interest Burden Percent	-35.32%	9.64%	93.94%
Effective Tax Rate	0.00%	-828.74%	16.77%
Return on Invested Capital (ROIC)	0.83%	19.00%	13.78%
ROIC Less NNEP Spread (ROIC-NNEP)	-5.09%	-61.75%	-1.83%
Return on Net Nonoperating Assets (RNNOA)	-1.95%	-16.52%	-0.13%
Return on Equity (ROE)	-1.12%	2.48%	13.65%
Cash Return on Invested Capital (CROIC)	-10.15%	20.85%	-18.47%
Operating Return on Assets (OROA)	1.15%	1.30%	9.09%
Return on Assets (ROA)	-0.51%	1.16%	7.11%
Return on Common Equity (ROCE)	-1.12%	2.48%	13.65%
Return on Equity Simple (ROE_SIMPLE)	-1.13%	2.56%	13.61%
Net Operating Profit after Tax (NOPAT)	2.87	63	40
NOPAT Margin	0.37%	7.19%	3.85%
Net Nonoperating Expense Percent (NNEP)	5.92%	80.76%	15.61%
Return On Investment Capital (ROIC_SIMPLE)	0.75%	18.61%	11.47%
Cost of Revenue to Revenue	80.01%	82.76%	82.43%
SG&A Expenses to Revenue	17.40%	13.58%	10.48%
R&D to Revenue	2.08%	2.89%	2.47%
Operating Expenses to Revenue	19.47%	16.46%	12.94%
Earnings before Interest and Taxes (EBIT)	6.31	7.22	47
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	27	24	62
Valuation Ratios	-	-	-
Price to Book Value (P/BV)	1.63	1.64	3.16
Price to Tangible Book Value (P/TBV)	3.24	2.61	4.97
Price to Revenue (P/Rev)	0.52	0.47	0.83
Price to Earnings (P/E)	0.00	63.49	23.21
Dividend Yield	1.70%	1.66%	0.83%
Earnings Yield	0.00%	1.58%	4.31%
Enterprise Value to Invested Capital (EV/IC)	1.43	1.49	2.74
Enterprise Value to Revenue (EV/Rev)	0.66	0.56	0.89
Enterprise Value to EBITDA (EV/EBITDA)	19.64	20.16	14.84
Enterprise Value to EBIT (EV/EBIT)	82.66	67.47	19.53
Enterprise Value to NOPAT (EV/NOPAT)	181.46	7.77	23.09
Enterprise Value to Operating Cash Flow (EV/OCF)	17.36	8.66	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	7.08	0.00
Leverage & Solvency	-	-	-
Debt to Equity	0.53	0.34	0.28
Long-Term Debt to Equity	0.38	0.20	0.21
Financial Leverage	0.38	0.27	0.07
Leverage Ratio	2.20	2.13	1.92
Compound Leverage Factor	-0.78	0.21	1.80
Debt to Total Capital	34.79%	25.17%	22.05%
Short-Term Debt to Total Capital	9.79%	10.29%	5.72%
Long-Term Debt to Total Capital	25.01%	14.88%	16.32%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.03%
Common Equity to Total Capital	65.21%	74.83%	77.92%
Debt to EBITDA	4.99	3.51	1.24
Net Debt to EBITDA	4.39	3.10	1.05
Long-Term Debt to EBITDA	3.58	2.07	0.91
Debt to NOPAT	46.09	1.35	1.92
Net Debt to NOPAT	40.60	1.19	1.63
Long-Term Debt to NOPAT	33.12	0.80	1.42
Altman Z-Score	2.79	3.24	4.39
Noncontrolling Interest Sharing Ratio	0.00%	0.02%	0.04%
Liquidity Ratios	-	-	-
Current Ratio	1.63	1.57	1.72
Quick Ratio	0.77	0.68	0.73
Cash Flow Metrics	-	-	-
Free Cash Flow to Firm (FCFF)	-35	69	-53
Operating Cash Flow to CapEx	221.55%	272.84%	-92.30%
Free Cash Flow to Firm to Interest Expense	-4.11	10.55	-18.71
Operating Cash Flow to Interest Expense	3.52	8.62	-6.65
Operating Cash Flow Less CapEx to Interest Expense	1.93	5.46	-13.86
Efficiency Ratios	-	-	-
Asset Turnover	1.43	1.57	2.00
Accounts Receivable Turnover	6.61	7.00	8.84
Inventory Turnover	5.85	7.03	10.12
Fixed Asset Turnover	9.56	11.31	15.59
Accounts Payable Turnover	6.45	6.44	8.19
Days Sales Outstanding (DSO)	55.20	52.18	41.30
Days Inventory Outstanding (DIO)	62.38	51.90	36.07
Days Payable Outstanding (DPO)	56.57	56.67	44.56
Cash Conversion Cycle (CCC)	61.00	47.41	32.81
Capital & Investment Metrics	-	-	-
Invested Capital	365	327	333
Invested Capital Turnover	2.27	2.64	3.58
Increase / (Decrease) in Invested Capital	38	-6.11	93
Enterprise Value (EV)	522	487	913
Market Capitalization	405	412	849
Book Value per Share	$7.20	$7.35	$7.66
Tangible Book Value per Share	$3.63	$4.61	$4.87
Total Capital	381	337	345
Total Debt	132	85	76
Total Long-Term Debt	95	50	56
Net Debt	117	75	64
Capital Expenditures (CapEx)	14	21	20
Debt-free, Cash-free Net Working Capital (DFCFNWC)	137	129	153
Debt-free Net Working Capital (DFNWC)	153	139	164
Net Working Capital (NWC)	115	104	145
Net Nonoperating Expense (NNE)	5.67	56	2.98
Net Nonoperating Obligations (NNO)	117	75	64
Total Depreciation and Amortization (D&A)	20	17	15
Debt-free, Cash-free Net Working Capital to Revenue	17.40%	14.77%	14.87%
Debt-free Net Working Capital to Revenue	19.41%	15.91%	15.99%
Net Working Capital to Revenue	14.67%	11.94%	14.07%
Earnings Adjustments	-	-	-
Adjusted Basic Earnings per Share	($0.08)	$0.19	$1.04
Adjusted Weighted Average Basic Shares Outstanding	34.43M	34.72M	35.07M
Adjusted Diluted Earnings per Share	($0.08)	$0.19	$1.03
Adjusted Weighted Average Diluted Shares Outstanding	34.43M	34.86M	35.49M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	34.93M	34.31M	35.22M
Normalized Net Operating Profit after Tax (NOPAT)	2.87	4.73	40
Normalized NOPAT Margin	0.37%	0.54%	3.85%
Pre Tax Income Margin	-0.28%	0.08%	4.28%
Debt Service Ratios	-	-	-
EBIT to Interest Expense	0.74	1.11	16.51
NOPAT to Interest Expense	0.34	9.61	13.96
EBIT Less CapEx to Interest Expense	-0.85	-2.05	9.30
NOPAT Less CapEx to Interest Expense	-1.25	6.45	6.75
Payout Ratios	-	-	-
Dividend Payout Ratio	-249.59%	109.98%	19.55%
Augmented Payout Ratio	-253.63%	406.27%	92.83%

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

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	3.39%	-0.45%	-3.60%	-14.36%	-18.71%	-33.00%	-29.63%	-3.06%	17.67%	8.91%	4.93%
EBITDA Growth	183.67%	265.64%	27.17%	-21.29%	-65.85%	-110.11%	-66.93%	-0.27%	391.51%	24.63%	-17.96%
EBIT Growth	202.51%	84.70%	32.09%	-43.32%	-148.80%	-132.21%	-81.35%	-6.79%	167.28%	19.80%	-21.20%
NOPAT Growth	190.62%	60.53%	-25.44%	-33.40%	-146.04%	-128.11%	-59.83%	-2.21%	175.55%	-7.04%	-14.55%
Net Income Growth	69.24%	22.73%	-30.88%	-53.81%	-378.25%	-124.76%	-73.86%	-11.32%	143.56%	-13.36%	-17.68%
EPS Growth	71.43%	25.00%	-30.77%	-53.85%	-380.00%	-124.00%	-73.47%	-13.33%	145.45%	-12.28%	-15.52%
Operating Cash Flow Growth	-14.20%	12.38%	117.93%	-96.20%	-167.22%	-55.45%	217.55%	434.65%	121.19%	-19.05%	-120.01%
Free Cash Flow Firm Growth	-627.05%	-5,410.87%	-379.77%	-491.65%	120.18%	101.03%	116.47%	108.13%	-118.00%	-579.74%	-4,738.03%
Invested Capital Growth	20.29%	11.62%	12.94%	5.53%	-4.03%	-1.83%	-1.81%	0.83%	23.22%	38.46%	41.74%
Revenue Q/Q Growth	1.57%	3.79%	0.67%	-2.58%	-2.20%	0.50%	-10.56%	-7.53%	-19.39%	5.57%	23.20%
EBITDA Q/Q Growth	59.31%	-56.88%	25.19%	229.86%	193.03%	-133.10%	-22.51%	43.10%	-72.45%	8.25%	133.69%
EBIT Q/Q Growth	266.14%	-120.69%	43.57%	307.75%	75.20%	-278.55%	-38.39%	78.86%	-83.63%	3.37%	207.94%
NOPAT Q/Q Growth	157.91%	-139.06%	37.86%	390.58%	74.77%	-173.79%	23.14%	100.89%	-84.60%	5.44%	199.78%
Net Income Q/Q Growth	57.93%	-209.29%	44.32%	146.35%	-5.71%	-197.76%	-3.56%	179.20%	-90.59%	3.21%	227.20%
EPS Q/Q Growth	55.56%	-200.00%	50.00%	142.86%	-16.67%	-192.31%	0.00%	160.00%	-90.00%	2.04%	226.67%
Operating Cash Flow Q/Q Growth	-135.19%	-35.94%	1,673.72%	128.56%	-134.63%	24.24%	-69.07%	405.08%	-77.05%	427.84%	11.94%
Free Cash Flow Firm Q/Q Growth	-57.66%	-7.39%	-184.74%	-209.33%	1,488.64%	-94.34%	298.61%	105.63%	19.07%	9.35%	-96.65%
Invested Capital Q/Q Growth	4.71%	-2.21%	14.82%	2.32%	-2.84%	-1.06%	7.29%	-6.96%	-0.61%	-1.03%	10.18%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	19.70%	21.31%	20.41%	21.05%	17.21%	13.80%	18.26%	18.99%	17.63%	19.30%	18.91%
EBITDA Margin	3.61%	2.30%	5.54%	4.45%	1.31%	-1.38%	4.20%	4.84%	3.13%	9.16%	8.93%
Operating Margin	0.85%	-1.50%	2.75%	1.93%	-0.98%	-3.78%	2.05%	2.93%	1.51%	7.73%	7.69%
EBIT Margin	0.92%	-0.56%	2.82%	1.98%	-0.93%	-3.65%	2.06%	2.98%	1.54%	7.60%	7.76%
Profit (Net Income) Margin	-0.70%	-1.69%	1.61%	1.12%	-2.36%	-2.18%	2.24%	2.08%	0.69%	5.91%	6.04%
Tax Burden Percent	183.63%	98.27%	101.56%	105.30%	120.15%	47.91%	176.00%	89.39%	79.60%	81.60%	82.10%
Interest Burden Percent	-41.62%	307.07%	56.25%	53.97%	212.00%	124.76%	62.02%	78.01%	56.12%	95.30%	94.88%
Effective Tax Rate	0.00%	0.00%	-1.56%	-5.30%	0.00%	0.00%	-76.00%	10.61%	20.40%	18.40%	17.90%
Return on Invested Capital (ROIC)	1.36%	-2.38%	6.24%	5.11%	-1.74%	-6.99%	10.50%	9.02%	4.28%	22.59%	22.06%
ROIC Less NNEP Spread (ROIC-NNEP)	-1.23%	-3.74%	3.89%	2.24%	-6.31%	-5.65%	7.11%	6.99%	2.09%	16.24%	20.03%
Return on Net Nonoperating Assets (RNNOA)	-0.51%	-1.43%	1.50%	0.54%	-1.82%	-1.51%	2.27%	1.69%	0.50%	1.16%	3.11%
Return on Equity (ROE)	0.84%	-3.82%	7.73%	5.65%	-3.56%	-8.50%	12.78%	10.71%	4.77%	23.75%	25.17%
Cash Return on Invested Capital (CROIC)	-17.31%	-10.15%	-12.26%	-5.77%	4.36%	20.85%	12.06%	14.14%	-5.43%	-18.47%	-20.18%
Operating Return on Assets (OROA)	1.34%	-0.80%	4.01%	3.16%	-1.44%	-5.74%	3.68%	6.37%	3.23%	15.18%	15.84%
Return on Assets (ROA)	-1.02%	-2.42%	2.29%	1.80%	-3.66%	-3.43%	4.01%	4.44%	1.44%	11.80%	12.34%
Return on Common Equity (ROCE)	0.84%	-3.82%	7.73%	5.65%	-3.56%	-8.50%	12.77%	10.70%	4.77%	23.74%	25.12%
Return on Equity Simple (ROE_SIMPLE)	0.18%	0.00%	-1.50%	-0.97%	0.05%	0.00%	11.23%	15.89%	16.38%	0.00%	15.74%
Net Operating Profit after Tax (NOPAT)	1.22	-2.11	5.41	3.93	-1.35	-5.36	7.26	5.89	2.93	19	18
NOPAT Margin	0.60%	-1.05%	2.79%	2.04%	-0.68%	-2.65%	3.61%	2.62%	1.21%	6.31%	6.32%
Net Nonoperating Expense Percent (NNEP)	2.59%	1.36%	2.34%	2.87%	4.57%	-1.35%	3.39%	2.03%	2.18%	6.35%	2.03%
Return On Investment Capital (ROIC_SIMPLE)	0.31%	-0.56%	-	-	-	-1.59%	-	-	-	5.53%	-
Cost of Revenue to Revenue	80.30%	78.69%	79.59%	78.95%	82.79%	86.20%	81.74%	81.01%	82.37%	80.70%	81.09%
SG&A Expenses to Revenue	16.94%	20.88%	15.50%	16.78%	16.31%	14.06%	13.62%	13.45%	13.26%	9.65%	8.75%
R&D to Revenue	1.90%	1.93%	2.16%	2.34%	1.88%	3.52%	2.60%	2.62%	2.85%	1.91%	2.46%
Operating Expenses to Revenue	18.84%	22.81%	17.66%	19.12%	18.19%	17.58%	16.21%	16.06%	16.12%	11.57%	11.22%
Earnings before Interest and Taxes (EBIT)	1.88	-1.13	5.47	3.81	-1.83	-7.39	4.14	6.72	3.76	23	22
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	7.38	4.63	11	8.58	2.60	-2.80	8.45	11	7.62	28	26
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.14	1.63	1.71	1.63	1.71	1.64	2.01	2.89	3.05	3.16	2.80
Price to Tangible Book Value (P/TBV)	2.25	3.24	3.40	2.59	2.75	2.61	3.21	4.57	4.90	4.97	4.63
Price to Revenue (P/Rev)	0.36	0.52	0.55	0.51	0.51	0.47	0.53	0.71	0.74	0.83	0.70
Price to Earnings (P/E)	645.21	0.00	0.00	0.00	3,611.91	63.49	17.90	18.18	18.61	23.21	17.83
Dividend Yield	2.47%	1.70%	1.59%	1.69%	1.62%	1.66%	1.36%	0.92%	0.90%	0.83%	0.88%
Earnings Yield	0.16%	0.00%	0.00%	0.00%	0.03%	1.58%	5.59%	5.50%	5.37%	4.31%	5.61%
Enterprise Value to Invested Capital (EV/IC)	1.09	1.43	1.48	1.48	1.55	1.49	1.78	2.60	2.59	2.74	2.33
Enterprise Value to Revenue (EV/Rev)	0.53	0.66	0.70	0.61	0.60	0.56	0.61	0.76	0.81	0.89	0.78
Enterprise Value to EBITDA (EV/EBITDA)	13.32	19.64	28.91	28.64	25.76	20.16	10.79	11.18	11.96	14.84	14.01
Enterprise Value to EBIT (EV/EBIT)	41.65	82.66	10,637.35	0.00	302.03	67.47	15.70	14.42	15.30	19.53	18.28
Enterprise Value to NOPAT (EV/NOPAT)	107.12	181.46	0.00	0.00	620.07	7.77	17.28	17.46	18.60	23.09	19.06
Enterprise Value to Operating Cash Flow (EV/OCF)	14.16	17.36	19.31	27.09	10.64	8.66	8.37	15.01	57.87	0.00	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	34.89	7.08	14.66	18.49	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.61	0.53	0.56	0.34	0.34	0.34	0.33	0.21	0.32	0.28	0.36
Long-Term Debt to Equity	0.45	0.38	0.44	0.26	0.26	0.20	0.22	0.17	0.25	0.21	0.26
Financial Leverage	0.42	0.38	0.38	0.24	0.29	0.27	0.32	0.24	0.24	0.07	0.16
Leverage Ratio	2.20	2.20	2.17	1.95	2.11	2.13	2.15	2.00	2.10	1.92	1.98
Compound Leverage Factor	-0.92	6.74	1.22	1.05	4.48	2.66	1.33	1.56	1.18	1.83	1.87
Debt to Total Capital	37.92%	34.79%	35.99%	25.44%	25.43%	25.17%	24.87%	17.31%	24.08%	22.05%	26.42%
Short-Term Debt to Total Capital	10.22%	9.79%	8.07%	5.92%	5.76%	10.29%	8.66%	3.00%	4.81%	5.72%	7.21%
Long-Term Debt to Total Capital	27.69%	25.01%	27.93%	19.52%	19.67%	14.88%	16.21%	14.30%	19.27%	16.32%	19.21%
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%	0.02%	0.02%	0.02%	0.03%	0.03%
Common Equity to Total Capital	62.08%	65.21%	64.01%	74.56%	74.57%	74.83%	75.11%	82.67%	75.90%	77.92%	73.55%
Debt to EBITDA	4.82	4.99	7.43	5.05	4.39	3.51	1.55	0.76	1.14	1.24	1.60
Net Debt to EBITDA	4.30	4.39	6.31	4.52	3.70	3.10	1.37	0.65	1.03	1.05	1.55
Long-Term Debt to EBITDA	3.52	3.58	5.76	3.87	3.40	2.07	1.01	0.63	0.91	0.91	1.16
Debt to NOPAT	38.76	46.09	-387.33	-70.21	105.76	1.35	2.48	1.19	1.77	1.92	2.18
Net Debt to NOPAT	34.61	40.60	-328.88	-62.81	89.11	1.19	2.19	1.02	1.61	1.63	2.11
Long-Term Debt to NOPAT	28.31	33.12	-300.53	-53.87	81.82	0.80	1.62	0.98	1.41	1.42	1.58
Altman Z-Score	2.50	2.74	2.90	3.33	3.28	3.14	3.65	4.88	4.22	4.26	4.05
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.01%	0.01%	0.01%	0.02%	0.03%	0.03%	0.04%	0.04%	0.21%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.72	1.63	1.82	1.86	1.77	1.57	1.70	1.86	1.77	1.72	1.76
Quick Ratio	0.87	0.77	0.92	0.86	0.73	0.68	0.74	0.79	0.80	0.73	0.62
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-63	-40	-37	-13	12	0.76	13	3.35	-59	-73	-81
Operating Cash Flow to CapEx	-91.04%	590.34%	895.58%	32.20%	-70.11%	249.97%	178.17%	461.92%	132.47%	404.83%	-185.49%
Free Cash Flow to Firm to Interest Expense	-23.77	-17.13	-15.62	-7.48	5.84	0.41	8.49	2.27	-36.09	-68.10	-71.29
Operating Cash Flow to Interest Expense	-1.70	5.48	8.38	0.64	-1.93	6.24	5.85	20.13	3.57	23.77	-6.88
Operating Cash Flow Less CapEx to Interest Expense	-3.56	4.55	7.44	-1.36	-4.68	3.75	2.57	15.77	0.88	17.90	-10.59
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.46	1.43	1.42	1.60	1.55	1.57	1.79	2.13	2.09	2.00	2.04
Accounts Receivable Turnover	6.60	6.61	6.25	7.35	7.07	7.00	8.35	10.28	9.40	8.84	10.92
Inventory Turnover	6.24	5.85	5.75	6.69	6.61	7.03	6.99	8.45	8.64	10.12	8.59
Fixed Asset Turnover	9.79	9.56	9.65	10.16	10.68	11.31	13.28	14.72	15.38	15.59	16.12
Accounts Payable Turnover	7.22	6.45	7.17	8.20	7.06	6.44	7.68	9.76	8.76	8.19	8.45
Days Sales Outstanding (DSO)	55.32	55.20	58.35	49.63	51.65	52.18	43.71	35.52	38.81	41.30	33.42
Days Inventory Outstanding (DIO)	58.48	62.38	63.43	54.58	55.20	51.90	52.23	43.22	42.25	36.07	42.51
Days Payable Outstanding (DPO)	50.58	56.57	50.94	44.50	51.67	56.67	47.50	37.41	41.66	44.56	43.20
Cash Conversion Cycle (CCC)	63.22	61.00	70.84	59.71	55.19	47.41	48.44	41.32	39.40	32.81	32.73
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	382	365	373	325	318	327	331	308	331	333	337
Invested Capital Turnover	2.27	2.27	2.24	2.51	2.55	2.64	2.91	3.44	3.55	3.58	3.49
Increase / (Decrease) in Invested Capital	64	38	43	17	-13	-6.11	-6.09	2.55	62	93	99
Enterprise Value (EV)	417	522	553	482	494	487	590	802	858	913	785
Market Capitalization	283	405	433	406	423	412	515	755	784	849	698
Book Value per Share	$7.08	$7.20	$7.33	$7.25	$7.19	$7.35	$7.31	$7.48	$7.29	$7.66	$7.12
Tangible Book Value per Share	$3.60	$3.63	$3.69	$4.56	$4.47	$4.61	$4.59	$4.73	$4.54	$4.87	$4.30
Total Capital	398	381	395	334	331	337	340	316	338	345	339
Total Debt	151	132	142	85	84	85	85	55	82	76	90
Total Long-Term Debt	110	95	110	65	65	50	55	45	65	56	65
Net Debt	135	117	121	76	71	75	75	47	74	64	87
Capital Expenditures (CapEx)	4.96	2.18	2.24	3.51	5.64	4.57	5.16	6.44	4.44	6.34	4.22
Debt-free, Cash-free Net Working Capital (DFCFNWC)	156	137	145	133	123	129	143	122	147	153	162
Debt-free Net Working Capital (DFNWC)	172	153	167	142	136	139	153	130	154	164	165
Net Working Capital (NWC)	131	115	135	122	117	104	124	120	138	145	140
Net Nonoperating Expense (NNE)	2.66	1.30	2.29	1.76	3.32	-0.94	2.74	1.21	1.26	1.21	0.78
Net Nonoperating Obligations (NNO)	135	117	121	76	71	75	75	47	74	64	87
Total Depreciation and Amortization (D&A)	5.50	5.76	5.28	4.78	4.44	4.59	4.31	4.19	3.86	4.72	3.36
Debt-free, Cash-free Net Working Capital to Revenue	19.65%	17.40%	18.43%	16.72%	14.82%	14.77%	14.75%	11.52%	13.80%	14.87%	16.17%
Debt-free Net Working Capital to Revenue	21.69%	19.41%	21.16%	17.85%	16.42%	15.91%	15.77%	12.26%	14.50%	15.99%	16.46%
Net Working Capital to Revenue	16.55%	14.67%	17.11%	15.36%	14.12%	11.94%	12.74%	11.36%	12.97%	14.07%	14.02%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.04)	($0.09)	$0.09	$0.06	($0.14)	($0.12)	$0.13	$0.13	$0.05	$0.51	$0.49
Adjusted Weighted Average Basic Shares Outstanding	34.93M	34.43M	34.47M	34.40M	34.32M	34.72M	34.60M	34.94M	35.06M	35.07M	35.06M
Adjusted Diluted Earnings per Share	($0.04)	($0.09)	$0.09	$0.06	($0.14)	($0.12)	$0.13	$0.13	$0.05	$0.50	$0.49
Adjusted Weighted Average Diluted Shares Outstanding	34.93M	34.43M	34.65M	34.47M	34.32M	34.86M	34.64M	34.99M	35.34M	35.49M	35.37M
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	35.01M	34.93M	34.49M	34.46M	34.37M	34.31M	34.29M	34.96M	34.92M	35.22M	35.07M
Normalized Net Operating Profit after Tax (NOPAT)	1.22	-2.11	3.73	2.61	-1.35	-5.36	2.89	5.89	2.93	19	18
Normalized NOPAT Margin	0.60%	-1.05%	1.92%	1.35%	-0.68%	-2.65%	1.43%	2.62%	1.21%	6.31%	6.32%
Pre Tax Income Margin	-0.38%	-1.72%	1.58%	1.07%	-1.96%	-4.56%	1.28%	2.33%	0.87%	7.24%	7.36%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.71	-0.48	2.29	2.17	-0.89	-4.04	2.63	4.55	2.28	21.26	19.52
NOPAT to Interest Expense	0.46	-0.90	2.26	2.24	-0.66	-2.93	4.62	3.99	1.78	17.66	15.89
EBIT Less CapEx to Interest Expense	-1.16	-1.41	1.35	0.17	-3.64	-6.54	-0.65	0.19	-0.42	15.39	15.81
NOPAT Less CapEx to Interest Expense	-1.41	-1.83	1.33	0.24	-3.41	-5.42	1.33	-0.37	-0.92	11.79	12.18
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	1,599.77%	-249.59%	-182.65%	-288.56%	5,937.61%	109.98%	24.88%	17.26%	16.96%	19.55%	15.99%
Augmented Payout Ratio	1,599.77%	-253.63%	-184.47%	-719.76%	14,815.38%	406.27%	91.32%	38.44%	37.79%	92.83%	81.12%

Frequently Asked Questions About The Shyft Group's Financials

When does The Shyft Group's financial year end?

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

How has The Shyft Group's net income changed over the last 2 years?

The Shyft Group's net income appears to be on a downward trend, with a most recent value of -$2.80 million in 2024, falling from $36.56 million in 2022. The previous period was $6.46 million in 2023. Find out what analysts predict for The Shyft Group in the coming months.

What is The Shyft Group's operating income?

The Shyft Group's total operating income in 2024 was $4.11 million, based on the following breakdown:

Total Gross Profit: $157.19 million
Total Operating Expenses: $153.08 million

How has The Shyft Group revenue changed over the last 2 years?

Over the last 2 years, The Shyft Group's total revenue changed from $1.03 billion in 2022 to $786.18 million in 2024, a change of -23.5%.

How much debt does The Shyft Group have?

The Shyft Group's total liabilities were at $320.43 million at the end of 2024, a 15.3% increase from 2023, and a 2.8% increase since 2022.

How much cash does The Shyft Group have?

In the past 2 years, The Shyft Group's cash and equivalents has ranged from $9.96 million in 2023 to $15.78 million in 2024, and is currently $15.78 million as of their latest financial filing in 2024.

How has The Shyft Group's book value per share changed over the last 2 years?

Over the last 2 years, The Shyft Group's book value per share changed from 7.66 in 2022 to 7.20 in 2024, a change of -6.0%.

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This page (NASDAQ:SHYF) was last updated on 5/22/2025 by MarketBeat.com Staff

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The Shyft Group (SHYF) Financials

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