SkyWater Technology (SKYT) Financials

$9.06 -0.13 (-1.41%)

Closing price 04:00 PM Eastern

Extended Trading

$9.06 +0.00 (+0.06%)

As of 04:04 PM Eastern

Annual Income Statements for SkyWater Technology

This table shows SkyWater Technology'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	12/29/2024	12/31/2023	1/1/2023
Net Income / (Loss) Attributable to Common Shareholders	-6.79	-31	-40
Consolidated Net Income / (Loss)	-2.52	-25	-37
Net Income / (Loss) Continuing Operations	-2.52	-25	-37
Total Pre-Tax Income	-2.28	-26	-36
Total Operating Income	6.56	-15	-30
Total Gross Profit	70	59	26
Total Revenue	342	287	213
Operating Revenue	342	287	213
Total Cost of Revenue	273	227	187
Operating Cost of Revenue	273	227	187
Total Operating Expenses	63	74	56
Selling, General & Admin Expense	48	64	46
Research & Development Expense	15	10	9.43
Total Other Income / (Expense), net	-8.84	-11	-6.30
Interest Expense	8.84	11	6.30
Income Tax Expense	0.24	-0.52	0.81
Net Income / (Loss) Attributable to Noncontrolling Interest	4.28	5.66	2.72
Basic Earnings per Share	($0.14)	($0.68)	($0.97)
Weighted Average Basic Shares Outstanding	47.40M	45.51M	40.84M
Diluted Earnings per Share	($0.14)	($0.68)	($0.97)
Weighted Average Diluted Shares Outstanding	47.40M	45.51M	40.84M
Weighted Average Basic & Diluted Shares Outstanding	48.00M	47.28M	43.91M

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

Metric	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	12/29/2024	9/29/2024	6/30/2024	3/31/2024	12/31/2023	10/1/2023	7/2/2023	4/2/2023	1/1/2023	10/2/2022
Net Income / (Loss) Attributable to Common Shareholders	-0.68	1.51	-1.90	-5.73	-10	-7.57	-8.59	-4.27	-3.04	-6.94
Consolidated Net Income / (Loss)	0.44	2.63	-0.96	-4.63	-8.40	-6.60	-6.52	-3.57	-2.45	-6.50
Net Income / (Loss) Continuing Operations	0.44	2.63	-0.96	-4.63	-8.40	-6.60	-6.52	-3.57	-2.45	-6.50
Total Pre-Tax Income	0.68	2.72	-1.08	-4.59	-8.85	-6.70	-6.50	-3.57	-1.59	-6.41
Total Operating Income	2.65	4.71	1.40	-2.20	-5.95	-4.19	-3.55	-1.10	1.30	-5.08
Total Gross Profit	19	20	17	13	12	14	17	16	17	8.28
Total Revenue	75	94	93	80	79	72	70	66	65	52
Operating Revenue	75	94	93	80	79	72	70	66	65	52
Total Cost of Revenue	56	74	76	67	67	57	53	50	49	44
Operating Cost of Revenue	56	74	76	67	67	57	53	50	49	44
Total Operating Expenses	17	16	16	15	18	18	20	18	15	13
Selling, General & Admin Expense	12	12	12	11	15	16	18	15	13	11
Research & Development Expense	4.22	3.43	3.38	4.01	2.87	2.23	2.40	2.67	2.21	2.58
Total Other Income / (Expense), net	-1.98	-1.99	-2.48	-2.39	-2.90	-2.51	-2.95	-2.47	-2.90	-1.33
Interest Expense	1.98	1.99	2.48	2.39	2.90	2.51	2.95	2.47	2.90	1.33
Income Tax Expense	0.23	0.09	-0.13	0.04	-0.45	-0.10	0.03	0.00	0.85	0.09
Net Income / (Loss) Attributable to Noncontrolling Interest	1.12	1.12	0.94	1.10	1.92	0.97	2.07	0.71	0.60	0.44
Basic Earnings per Share	($0.01)	$0.03	($0.04)	($0.12)	($0.23)	($0.16)	($0.19)	($0.10)	($0.06)	($0.17)
Weighted Average Basic Shares Outstanding	47.40M	47.52M	47.39M	47.10M	45.51M	46.45M	44.74M	43.82M	40.84M	40.67M
Diluted Earnings per Share	($0.01)	$0.03	($0.04)	($0.12)	($0.23)	($0.16)	($0.19)	($0.10)	($0.06)	($0.17)
Weighted Average Diluted Shares Outstanding	47.40M	47.64M	47.39M	47.10M	45.51M	46.45M	44.74M	43.82M	40.84M	40.67M
Weighted Average Basic & Diluted Shares Outstanding	48.00M	47.66M	47.48M	47.35M	47.28M	47.02M	46.28M	44.47M	43.91M	41.62M

This table details how cash moves in and out of SkyWater Technology'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	12/29/2024	12/31/2023	1/1/2023
Net Change in Cash & Equivalents	0.46	-12	17
Net Cash From Operating Activities	18	10	-14
Net Cash From Continuing Operating Activities	18	10	-14
Net Income / (Loss) Continuing Operations	-2.52	-25	-37
Consolidated Net Income / (Loss)	-2.52	-25	-37
Depreciation Expense	19	29	28
Amortization Expense	1.68	1.76	0.91
Non-Cash Adjustments To Reconcile Net Income	28	-25	-1.07
Changes in Operating Assets and Liabilities, net	-27	30	-5.46
Net Cash From Investing Activities	-11	-10	-17
Net Cash From Continuing Investing Activities	-11	-10	-17
Purchase of Property, Plant & Equipment	-7.94	-8.62	-17
Acquisitions	-3.32	-1.87	-0.40
Sale of Property, Plant & Equipment	0.06	0.00	0.00
Net Cash From Financing Activities	-6.79	-11	49
Net Cash From Continuing Financing Activities	-6.79	-11	49
Repayment of Debt	-348	-300	-32
Repurchase of Common Equity	0.00	0.00	-0.46
Payment of Dividends	-5.62	-0.11	-1.21
Issuance of Debt	347	259	63
Issuance of Common Equity	2.76	24	22
Other Financing Activities, net	-2.35	5.73	-2.75
Cash Interest Paid	6.55	8.76	4.44
Cash Income Taxes Paid	0.11	0.01	0.00

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

Metric	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	12/29/2024	9/29/2024	6/30/2024	3/31/2024	12/31/2023	10/1/2023	7/2/2023	4/2/2023	1/1/2023	10/2/2022
Net Change in Cash & Equivalents	-1.84	2.32	-1.64	1.62	1.04	1.17	2.34	-16	21	-1.65
Net Cash From Operating Activities	-1.28	14	9.35	-3.92	32	-3.65	-6.92	-11	-8.29	7.85
Net Cash From Continuing Operating Activities	-1.28	14	9.35	-3.92	32	-3.65	-6.92	-11	-8.29	7.85
Net Income / (Loss) Continuing Operations	0.44	2.63	-0.96	-4.63	-8.40	-6.60	-6.52	-3.57	-2.45	-6.50
Consolidated Net Income / (Loss)	0.44	2.63	-0.96	-4.63	-8.40	-6.60	-6.52	-3.57	-2.45	-6.50
Depreciation Expense	5.40	4.17	4.06	5.07	7.28	7.09	7.21	7.35	7.45	7.08
Amortization Expense	0.35	0.44	0.44	0.44	0.41	0.47	0.52	0.36	0.39	0.17
Non-Cash Adjustments To Reconcile Net Income	16	-17	14	15	-12	-3.25	-7.14	-2.87	-8.06	2.03
Changes in Operating Assets and Liabilities, net	-24	24	-8.31	-20	44	-1.36	-0.99	-12	-5.63	5.07
Net Cash From Investing Activities	4.59	-13	-1.15	-2.07	-6.01	-1.26	-0.16	-3.06	-5.73	-5.86
Net Cash From Continuing Investing Activities	4.59	-13	-1.15	-2.07	-6.01	-1.26	-0.16	-3.06	-5.73	-5.86
Purchase of Property, Plant & Equipment	5.95	-12	-0.83	-1.26	-4.75	-1.26	0.24	-2.85	-5.73	-5.86
Acquisitions	-1.37	-0.80	-0.34	-0.81	-1.26	-	-0.40	-0.21	-	-
Net Cash From Financing Activities	-5.15	0.58	-9.84	7.61	-25	6.08	9.42	-2.04	35	-3.64
Net Cash From Continuing Financing Activities	-5.15	0.58	-9.84	7.61	-25	6.08	9.42	-2.04	35	-3.64
Repayment of Debt	-92	-89	-84	-83	-104	-72	-61	-64	-31	-0.26
Payment of Dividends	-0.94	-0.72	-3.97	0.00	-0.11	0.48	-0.45	-0.03	0.08	-0.43
Issuance of Debt	96	83	77	91	77	61	62	60	48	-4.42
Issuance of Common Equity	-6.63	7.81	0.32	1.26	0.19	10	9.45	3.97	18	2.86
Other Financing Activities, net	-0.63	-0.25	0.80	-2.27	2.40	5.63	-0.12	-2.19	-0.45	-1.39
Cash Interest Paid	1.52	1.61	2.04	1.37	2.18	2.75	2.54	1.29	1.42	1.16

This table presents SkyWater Technology'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	12/29/2024	12/31/2023	1/1/2023
Total Assets	314	317	306
Total Current Assets	132	146	117
Cash & Equivalents	19	18	30
Accounts Receivable	54	66	28
Inventories, net	15	15	13
Prepaid Expenses	23	17	10
Other Current Assets	21	30	35
Plant, Property, & Equipment, net	165	159	180
Total Noncurrent Assets	16	11	9.30
Intangible Assets	7.78	5.67	5.61
Other Noncurrent Operating Assets	8.49	5.34	3.69
Total Liabilities & Shareholders' Equity	314	317	306
Total Liabilities	250	256	252
Total Current Liabilities	154	144	132
Short-Term Debt	33	27	58
Accounts Payable	30	20	21
Accrued Expenses	37	48	25
Current Deferred Revenue	55	50	28
Total Noncurrent Liabilities	96	112	120
Long-Term Debt	35	36	35
Noncurrent Deferred Revenue	52	66	68
Noncurrent Deferred & Payable Income Tax Liabilities	0.63	0.68	1.24
Other Noncurrent Operating Liabilities	8.72	9.33	14
Commitments & Contingencies	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	63	61	54
Total Preferred & Common Equity	58	54	54
Preferred Stock	0.00	0.00	0.00
Total Common Equity	58	54	54
Common Stock	190	179	148
Retained Earnings	-132	-125	-94
Noncontrolling Interest	5.88	6.96	0.31

This table presents SkyWater Technology'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 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022
Period end date	9/29/2024	6/30/2024	3/31/2024	10/1/2023	7/2/2023	4/2/2023	10/2/2022
Total Assets	315	290	312	300	299	293	271
Total Current Assets	140	121	143	124	118	108	77
Cash & Equivalents	21	18	20	17	16	14	9.32
Accounts Receivable	61	52	58	43	77	67	49
Inventories, net	14	15	16	17	16	14	12
Prepaid Expenses	15	17	25	8.65	9.07	12	6.12
Current Deferred & Refundable Income Taxes	0.00	0.26	0.08	0.12	0.11	0.17	0.74
Other Current Assets	29	18	25	38	-	-	-
Plant, Property, & Equipment, net	163	157	157	166	170	175	184
Total Noncurrent Assets	12	13	12	9.90	11	9.61	9.87
Intangible Assets	7.22	6.80	6.32	4.84	5.22	5.32	6.09
Other Noncurrent Operating Assets	4.91	6.02	5.69	5.05	5.52	4.29	3.78
Total Liabilities & Shareholders' Equity	315	290	312	300	299	293	271
Total Liabilities	247	234	253	232	236	235	235
Total Current Liabilities	160	134	149	128	130	123	73
Short-Term Debt	25	29	36	49	56	54	1.05
Accounts Payable	30	19	26	14	14	14	19
Accrued Expenses	31	33	31	39	32	26	29
Current Deferred Revenue	73	53	56	25	28	28	24
Current Deferred & Payable Income Tax Liabilities	0.39	-	-	-	-	-	-
Total Noncurrent Liabilities	86	100	104	104	105	113	162
Long-Term Debt	36	37	36	38	35	35	73
Noncurrent Deferred Revenue	41	53	59	56	60	63	74
Noncurrent Deferred & Payable Income Tax Liabilities	0.38	0.57	0.62	1.12	1.20	1.24	0.97
Other Noncurrent Operating Liabilities	8.78	8.91	9.20	9.47	9.60	14	11
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	69	57	59	68	63	57	36
Total Preferred & Common Equity	56	51	51	63	59	56	36
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	56	51	51	63	59	56	36
Common Stock	187	184	182	178	167	155	127
Retained Earnings	-131	-133	-131	-115	-107	-99	-91
Noncontrolling Interest	12	5.36	8.06	4.95	3.56	0.99	-0.37

This table displays calculated financial ratios and metrics derived from SkyWater Technology's official financial filings.

Metric	2024	2023	2022
Period end date	12/29/2024	12/31/2023	1/1/2023
Growth Metrics	-	-	-
Revenue Growth	19.39%	34.63%	30.76%
EBITDA Growth	69.40%	2,486.94%	97.06%
EBIT Growth	144.36%	50.32%	41.23%
NOPAT Growth	144.36%	50.32%	47.87%
Net Income Growth	89.97%	31.94%	22.22%
EPS Growth	79.41%	29.90%	44.89%
Operating Cash Flow Growth	83.12%	170.51%	74.32%
Free Cash Flow Firm Growth	-280.79%	101.21%	-5,322.83%
Invested Capital Growth	6.59%	-9.97%	283.48%
Revenue Q/Q Growth	-1.06%	5.16%	14.25%
EBITDA Q/Q Growth	32.94%	-31.79%	97.80%
EBIT Q/Q Growth	420.78%	-96.31%	49.30%
NOPAT Q/Q Growth	420.78%	-96.31%	49.30%
Net Income Q/Q Growth	77.84%	-31.12%	39.15%
EPS Q/Q Growth	61.11%	-33.33%	-100.00%
Operating Cash Flow Q/Q Growth	-64.14%	133.66%	41.52%
Free Cash Flow Firm Q/Q Growth	-108.49%	103.05%	-287.10%
Invested Capital Q/Q Growth	3.12%	-23.64%	16.24%
Profitability Metrics	-	-	-
Gross Margin	20.34%	20.68%	12.19%
EBITDA Margin	7.87%	5.55%	-0.31%
Operating Margin	1.92%	-5.16%	-13.98%
EBIT Margin	1.92%	-5.16%	-13.98%
Profit (Net Income) Margin	-0.74%	-8.75%	-17.32%
Tax Burden Percent	110.54%	97.97%	102.24%
Interest Burden Percent	-34.71%	173.21%	121.15%
Effective Tax Rate	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	4.23%	-9.33%	-28.30%
ROIC Less NNEP Spread (ROIC-NNEP)	-11.05%	-36.81%	-124.43%
Return on Net Nonoperating Assets (RNNOA)	-8.28%	-34.44%	-36.44%
Return on Equity (ROE)	-4.05%	-43.76%	-64.74%
Cash Return on Invested Capital (CROIC)	-2.16%	1.17%	-145.57%
Operating Return on Assets (OROA)	2.08%	-4.75%	-10.46%
Return on Assets (ROA)	-0.80%	-8.06%	-12.95%
Return on Common Equity (ROCE)	-3.63%	-40.99%	-65.25%
Return on Equity Simple (ROE_SIMPLE)	-4.37%	-46.69%	-68.70%
Net Operating Profit after Tax (NOPAT)	4.59	-10	-21
NOPAT Margin	1.34%	-3.61%	-9.79%
Net Nonoperating Expense Percent (NNEP)	15.28%	27.48%	96.13%
Return On Investment Capital (ROIC_SIMPLE)	3.51%	-8.38%	-14.19%
Cost of Revenue to Revenue	79.66%	79.32%	87.81%
SG&A Expenses to Revenue	14.03%	22.29%	21.74%
R&D to Revenue	4.39%	3.55%	4.43%
Operating Expenses to Revenue	18.43%	25.84%	26.17%
Earnings before Interest and Taxes (EBIT)	6.56	-15	-30
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	27	16	-0.67
Valuation Ratios	-	-	-
Price to Book Value (P/BV)	12.33	8.42	5.51
Price to Tangible Book Value (P/TBV)	14.26	9.41	6.16
Price to Revenue (P/Rev)	2.08	1.58	1.39
Price to Earnings (P/E)	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	6.83	4.79	3.07
Enterprise Value to Revenue (EV/Rev)	2.24	1.76	1.69
Enterprise Value to EBITDA (EV/EBITDA)	28.41	31.69	0.00
Enterprise Value to EBIT (EV/EBIT)	116.62	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	166.60	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	41.44	49.97	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	388.91	0.00
Leverage & Solvency	-	-	-
Debt to Equity	1.06	1.04	1.72
Long-Term Debt to Equity	0.55	0.59	0.65
Financial Leverage	0.75	0.94	0.29
Leverage Ratio	5.08	5.43	5.00
Compound Leverage Factor	-1.76	9.40	6.06
Debt to Total Capital	51.51%	50.87%	63.24%
Short-Term Debt to Total Capital	25.01%	21.65%	39.28%
Long-Term Debt to Total Capital	26.50%	29.22%	23.96%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	4.49%	5.63%	0.21%
Common Equity to Total Capital	44.00%	43.50%	36.55%
Debt to EBITDA	2.50	3.95	-139.42
Net Debt to EBITDA	1.80	2.80	-94.34
Long-Term Debt to EBITDA	1.29	2.27	-52.82
Debt to NOPAT	14.69	-6.07	-4.46
Net Debt to NOPAT	10.58	-4.29	-3.02
Long-Term Debt to NOPAT	7.56	-3.49	-1.69
Altman Z-Score	2.19	1.27	0.59
Noncontrolling Interest Sharing Ratio	10.34%	6.34%	-0.78%
Liquidity Ratios	-	-	-
Current Ratio	0.86	1.02	0.88
Quick Ratio	0.47	0.58	0.44
Cash Flow Metrics	-	-	-
Free Cash Flow to Firm (FCFF)	-2.34	1.30	-107
Operating Cash Flow to CapEx	234.09%	116.98%	-83.84%
Free Cash Flow to Firm to Interest Expense	-0.27	0.12	-17.03
Operating Cash Flow to Interest Expense	2.09	0.93	-2.27
Operating Cash Flow Less CapEx to Interest Expense	1.20	0.14	-4.98
Efficiency Ratios	-	-	-
Asset Turnover	1.09	0.92	0.75
Accounts Receivable Turnover	5.69	6.10	6.32
Inventory Turnover	18.25	15.83	12.10
Fixed Asset Turnover	2.11	1.69	0.00
Accounts Payable Turnover	11.08	11.17	13.01
Days Sales Outstanding (DSO)	64.14	59.84	57.79
Days Inventory Outstanding (DIO)	20.00	23.06	30.16
Days Payable Outstanding (DPO)	32.94	32.68	28.05
Cash Conversion Cycle (CCC)	51.20	50.23	59.89
Capital & Investment Metrics	-	-	-
Invested Capital	112	105	117
Invested Capital Turnover	3.15	2.58	2.89
Increase / (Decrease) in Invested Capital	6.93	-12	86
Enterprise Value (EV)	765	504	359
Market Capitalization	711	452	296
Book Value per Share	$1.21	$1.14	$1.29
Tangible Book Value per Share	$1.05	$1.02	$1.15
Total Capital	131	124	147
Total Debt	67	63	93
Total Long-Term Debt	35	36	35
Net Debt	49	44	63
Capital Expenditures (CapEx)	7.89	8.62	17
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-8.35	11	12
Debt-free Net Working Capital (DFNWC)	10	29	42
Net Working Capital (NWC)	-22	2.18	-16
Net Nonoperating Expense (NNE)	7.11	15	16
Net Nonoperating Obligations (NNO)	49	44	63
Total Depreciation and Amortization (D&A)	20	31	29
Debt-free, Cash-free Net Working Capital to Revenue	-2.44%	3.68%	5.65%
Debt-free Net Working Capital to Revenue	3.07%	10.09%	19.75%
Net Working Capital to Revenue	-6.50%	0.76%	-7.34%
Earnings Adjustments	-	-	-
Adjusted Basic Earnings per Share	($0.14)	($0.68)	($0.97)
Adjusted Weighted Average Basic Shares Outstanding	47.40M	45.51M	40.84M
Adjusted Diluted Earnings per Share	($0.14)	($0.68)	($0.97)
Adjusted Weighted Average Diluted Shares Outstanding	47.40M	45.51M	40.84M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	48.00M	47.28M	43.91M
Normalized Net Operating Profit after Tax (NOPAT)	4.59	-10	-21
Normalized NOPAT Margin	1.34%	-3.61%	-9.79%
Pre Tax Income Margin	-0.67%	-8.93%	-16.94%
Debt Service Ratios	-	-	-
EBIT to Interest Expense	0.74	-1.37	-4.73
NOPAT to Interest Expense	0.52	-0.96	-3.31
EBIT Less CapEx to Interest Expense	-0.15	-2.16	-7.44
NOPAT Less CapEx to Interest Expense	-0.37	-1.75	-6.02
Payout Ratios	-	-	-
Dividend Payout Ratio	-223.32%	-0.43%	-3.29%
Augmented Payout Ratio	-223.32%	-0.43%	-4.53%

This table displays calculated financial ratios and metrics derived from SkyWater Technology's official financial filings.

Metric	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	12/29/2024	9/29/2024	6/30/2024	3/31/2024	12/31/2023	10/1/2023	7/2/2023	4/2/2023	1/1/2023	10/2/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-4.63%	30.99%	33.69%	20.49%	21.61%	36.88%	47.26%	37.35%	68.91%	49.40%
EBITDA Growth	385.22%	176.14%	41.35%	-50.05%	-81.05%	55.13%	212.86%	179.86%	144.62%	144.73%
EBIT Growth	144.55%	212.36%	139.45%	-101.00%	-557.22%	17.52%	67.96%	92.66%	104.71%	57.79%
NOPAT Growth	141.67%	255.03%	139.45%	-101.00%	-557.22%	17.52%	67.96%	92.66%	104.71%	57.79%
Net Income Growth	105.26%	139.81%	85.36%	-29.89%	-243.46%	-1.58%	46.43%	77.35%	90.65%	49.87%
EPS Growth	95.65%	118.75%	78.95%	-20.00%	-283.33%	5.88%	40.63%	76.19%	-100.00%	100.00%
Operating Cash Flow Growth	-104.03%	491.79%	235.03%	64.60%	482.95%	-146.52%	-125.47%	-2.72%	55.05%	222.15%
Free Cash Flow Firm Growth	-169.49%	183.57%	197.40%	187.20%	108.76%	-507.39%	-191.36%	38.57%	-476.84%	108.06%
Invested Capital Growth	6.59%	-21.06%	-23.93%	-16.35%	-9.97%	37.04%	30.71%	20.26%	283.48%	-11.78%
Revenue Q/Q Growth	-19.54%	0.52%	17.19%	0.61%	10.51%	2.60%	5.62%	1.55%	24.39%	10.38%
EBITDA Q/Q Growth	-9.80%	57.81%	78.69%	90.76%	-48.67%	-19.22%	-36.85%	-27.65%	320.32%	158.77%
EBIT Q/Q Growth	-43.68%	236.36%	163.61%	63.03%	-42.04%	-18.09%	-224.11%	-184.10%	125.62%	54.13%
NOPAT Q/Q Growth	-61.82%	364.09%	163.61%	63.03%	-42.04%	-18.09%	-224.11%	-184.10%	125.62%	54.13%
Net Income Q/Q Growth	-83.18%	375.18%	79.38%	44.86%	-27.25%	-1.20%	-82.95%	-45.79%	62.36%	46.64%
EPS Q/Q Growth	-133.33%	175.00%	66.67%	47.83%	-43.75%	15.79%	-90.00%	-66.67%	64.71%	46.88%
Operating Cash Flow Q/Q Growth	-108.93%	53.16%	338.20%	-112.36%	968.72%	47.21%	37.56%	-33.74%	-205.54%	355.83%
Free Cash Flow Firm Q/Q Growth	-115.49%	-1.10%	67.86%	170.22%	118.63%	-15.27%	-50.29%	72.87%	-966.80%	182.44%
Invested Capital Q/Q Growth	3.12%	3.79%	-5.91%	5.85%	-23.64%	0.02%	3.47%	13.92%	16.24%	-4.60%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	25.56%	21.57%	18.34%	16.30%	15.17%	19.75%	23.87%	24.92%	25.43%	15.82%
EBITDA Margin	11.13%	9.93%	6.33%	4.15%	2.19%	4.71%	5.98%	10.01%	14.05%	4.16%
Operating Margin	3.51%	5.02%	1.50%	-2.76%	-7.52%	-5.85%	-5.08%	-1.66%	2.00%	-9.71%
EBIT Margin	3.51%	5.02%	1.50%	-2.76%	-7.52%	-5.85%	-5.08%	-1.66%	2.00%	-9.71%
Profit (Net Income) Margin	0.59%	2.80%	-1.02%	-5.82%	-10.61%	-9.22%	-9.35%	-5.40%	-3.76%	-12.42%
Tax Burden Percent	65.48%	96.58%	88.26%	100.89%	94.92%	98.57%	100.38%	100.00%	153.55%	101.36%
Interest Burden Percent	25.45%	57.78%	-77.29%	208.59%	148.68%	159.82%	183.12%	325.66%	-122.35%	126.20%
Effective Tax Rate	34.52%	3.42%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	7.25%	13.61%	2.80%	-4.75%	-13.60%	-9.38%	-7.42%	-2.20%	4.05%	-11.82%
ROIC Less NNEP Spread (ROIC-NNEP)	4.47%	10.12%	-0.35%	-9.60%	-21.49%	-14.84%	-13.09%	-6.23%	-16.08%	-18.13%
Return on Net Nonoperating Assets (RNNOA)	3.35%	8.17%	-0.36%	-10.48%	-20.11%	-19.18%	-18.56%	-8.24%	-4.71%	-13.96%
Return on Equity (ROE)	10.60%	21.78%	2.45%	-15.23%	-33.71%	-28.55%	-25.98%	-10.44%	-0.66%	-25.77%
Cash Return on Invested Capital (CROIC)	-2.16%	22.38%	20.86%	8.70%	1.17%	-35.68%	-31.48%	-27.56%	-145.57%	-25.83%
Operating Return on Assets (OROA)	3.81%	5.65%	1.65%	-2.74%	-6.93%	-5.59%	-4.48%	-1.36%	1.50%	-6.67%
Return on Assets (ROA)	0.64%	3.15%	-1.12%	-5.77%	-9.78%	-8.81%	-8.23%	-4.41%	-2.81%	-8.53%
Return on Common Equity (ROCE)	9.50%	19.01%	2.26%	-14.05%	-31.57%	-27.29%	-25.15%	-10.40%	-0.66%	-26.09%
Return on Equity Simple (ROE_SIMPLE)	0.00%	-20.23%	-40.01%	-50.95%	0.00%	-30.44%	-32.09%	-43.71%	0.00%	-166.21%
Net Operating Profit after Tax (NOPAT)	1.74	4.55	0.98	-1.54	-4.17	-2.93	-2.48	-0.77	0.91	-3.56
NOPAT Margin	2.30%	4.85%	1.05%	-1.93%	-5.26%	-4.10%	-3.56%	-1.16%	1.40%	-6.80%
Net Nonoperating Expense Percent (NNEP)	2.78%	3.49%	3.15%	4.85%	7.89%	5.46%	5.67%	4.04%	20.13%	6.31%
Return On Investment Capital (ROIC_SIMPLE)	1.33%	-	-	-	-3.37%	-	-	-	0.62%	-
Cost of Revenue to Revenue	74.44%	78.43%	81.66%	83.70%	84.83%	80.25%	76.13%	75.08%	74.57%	84.18%
SG&A Expenses to Revenue	16.47%	12.89%	13.21%	14.03%	19.07%	22.49%	25.53%	22.54%	20.03%	20.60%
R&D to Revenue	5.58%	3.66%	3.62%	5.04%	3.63%	3.12%	3.43%	4.04%	3.39%	4.93%
Operating Expenses to Revenue	22.05%	16.55%	16.84%	19.06%	22.69%	25.60%	28.96%	26.57%	23.43%	25.53%
Earnings before Interest and Taxes (EBIT)	2.65	4.71	1.40	-2.20	-5.95	-4.19	-3.55	-1.10	1.30	-5.08
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	8.40	9.32	5.90	3.30	1.73	3.37	4.18	6.61	9.14	2.18
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	12.33	7.64	7.04	9.37	8.42	0.00	7.06	8.85	5.51	8.49
Price to Tangible Book Value (P/TBV)	14.26	8.77	8.11	10.68	9.41	0.00	7.74	9.77	6.16	10.19
Price to Revenue (P/Rev)	2.08	1.24	1.12	1.60	1.58	0.00	1.65	2.16	1.39	1.66
Price to Earnings (P/E)	0.00	0.00	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%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	6.83	4.43	3.97	4.86	4.79	0.00	3.61	4.33	3.07	3.72
Enterprise Value to Revenue (EV/Rev)	2.24	1.39	1.28	1.80	1.76	0.00	1.96	2.50	1.69	2.00
Enterprise Value to EBITDA (EV/EBITDA)	28.41	23.78	29.03	42.97	31.69	0.00	22.49	40.49	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	116.62	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	166.60	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	41.44	9.36	12.40	31.36	49.97	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	17.47	16.43	50.89	388.91	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.06	0.89	1.17	1.21	1.04	1.29	1.45	1.56	1.72	2.04
Long-Term Debt to Equity	0.55	0.53	0.66	0.60	0.59	0.56	0.55	0.61	0.65	2.01
Financial Leverage	0.75	0.81	1.03	1.09	0.94	1.29	1.42	1.32	0.29	0.77
Leverage Ratio	5.08	4.51	4.92	5.18	5.43	5.49	5.72	5.38	5.00	4.48
Compound Leverage Factor	1.29	2.60	-3.80	10.80	8.07	8.78	10.48	17.51	-6.12	5.65
Debt to Total Capital	51.51%	47.02%	53.84%	54.76%	50.87%	56.25%	59.13%	60.88%	63.24%	67.14%
Short-Term Debt to Total Capital	25.01%	19.05%	23.45%	27.60%	21.65%	31.92%	36.53%	36.92%	39.28%	0.96%
Long-Term Debt to Total Capital	26.50%	27.96%	30.39%	27.16%	29.22%	24.33%	22.60%	23.96%	23.96%	66.18%
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%
Noncontrolling Interests to Total Capital	4.49%	9.58%	4.35%	6.14%	5.63%	3.19%	2.31%	0.67%	0.21%	-0.34%
Common Equity to Total Capital	44.00%	43.41%	41.81%	39.10%	43.50%	40.55%	38.56%	38.45%	36.55%	33.20%
Debt to EBITDA	2.50	3.00	4.63	5.71	3.95	3.74	4.12	6.28	-139.42	-2.43
Net Debt to EBITDA	1.80	1.98	3.35	4.12	2.80	3.00	3.38	5.31	-94.34	-2.13
Long-Term Debt to EBITDA	1.29	1.79	2.61	2.83	2.27	1.62	1.57	2.47	-52.82	-2.40
Debt to NOPAT	14.69	-42.49	-8.65	-6.46	-6.07	-16.54	-15.43	-8.01	-4.46	-1.79
Net Debt to NOPAT	10.58	-28.04	-6.25	-4.67	-4.29	-13.25	-12.69	-6.77	-3.02	-1.57
Long-Term Debt to NOPAT	7.56	-25.27	-4.88	-3.21	-3.49	-7.16	-5.90	-3.15	-1.69	-1.77
Altman Z-Score	2.15	1.53	1.37	1.47	1.36	0.00	1.32	1.52	0.92	0.97
Noncontrolling Interest Sharing Ratio	10.34%	12.72%	7.45%	7.74%	6.34%	4.41%	3.16%	0.29%	-0.78%	-1.23%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.86	0.87	0.90	0.96	1.02	0.97	0.91	0.88	0.88	1.06
Quick Ratio	0.47	0.51	0.53	0.52	0.58	0.48	0.72	0.66	0.44	0.80
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-5.20	34	34	20	7.48	-40	-35	-23	-85	9.86
Operating Cash Flow to CapEx	0.00%	121.57%	1,130.23%	-311.68%	667.71%	-290.92%	0.00%	-388.85%	-144.71%	133.98%
Free Cash Flow to Firm to Interest Expense	-2.63	16.88	13.67	8.46	2.58	-16.02	-11.81	-9.38	-29.51	7.41
Operating Cash Flow to Interest Expense	-0.65	7.20	3.77	-1.64	10.95	-1.46	-2.35	-4.49	-2.86	5.90
Operating Cash Flow Less CapEx to Interest Expense	2.36	1.28	3.43	-2.17	9.31	-1.96	-2.26	-5.64	-4.84	1.50
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.09	1.13	1.10	0.99	0.92	0.96	0.88	0.82	0.75	0.69
Accounts Receivable Turnover	5.69	6.65	5.01	4.81	6.10	5.89	3.99	4.03	6.32	4.43
Inventory Turnover	18.25	18.25	17.46	16.34	15.83	14.48	14.01	13.65	12.10	8.98
Fixed Asset Turnover	2.11	2.10	1.98	1.81	1.69	1.56	1.42	1.27	0.00	1.01
Accounts Payable Turnover	11.08	12.72	16.13	12.27	11.17	12.47	13.94	18.81	13.01	12.36
Days Sales Outstanding (DSO)	64.14	54.89	72.90	75.93	59.84	61.95	91.49	90.66	57.79	82.38
Days Inventory Outstanding (DIO)	20.00	20.00	20.90	22.34	23.06	25.21	26.05	26.74	30.16	40.63
Days Payable Outstanding (DPO)	32.94	28.70	22.62	29.75	32.68	29.28	26.19	19.41	28.05	29.54
Cash Conversion Cycle (CCC)	51.20	46.20	71.18	68.52	50.23	57.88	91.36	97.99	59.89	93.47
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	112	109	105	111	105	138	138	133	117	100
Invested Capital Turnover	3.15	2.81	2.67	2.46	2.58	2.29	2.08	1.90	2.89	1.74
Increase / (Decrease) in Invested Capital	6.93	-29	-33	-22	-12	37	32	22	86	-13
Enterprise Value (EV)	765	482	415	541	504	0.00	497	576	359	374
Market Capitalization	711	429	362	481	452	0.00	419	500	296	309
Book Value per Share	$1.21	$1.18	$1.09	$1.09	$1.14	$1.35	$1.33	$1.29	$1.29	$0.90
Tangible Book Value per Share	$1.05	$1.03	$0.94	$0.95	$1.02	$1.25	$1.22	$1.17	$1.15	$0.75
Total Capital	131	129	123	131	124	155	154	147	147	110
Total Debt	67	61	66	72	63	87	91	89	93	74
Total Long-Term Debt	35	36	37	36	36	38	35	35	35	73
Net Debt	49	40	48	52	44	70	75	76	63	64
Capital Expenditures (CapEx)	-5.95	12	0.83	1.26	4.75	1.26	-0.24	2.85	5.73	5.86
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-8.35	-16	-2.76	10	11	28	28	26	12	-3.89
Debt-free Net Working Capital (DFNWC)	10	4.59	16	30	29	46	44	39	42	5.44
Net Working Capital (NWC)	-22	-20	-13	-5.80	2.18	-3.93	-12	-15	-16	4.39
Net Nonoperating Expense (NNE)	1.29	1.92	1.94	3.09	4.23	3.67	4.04	2.80	3.36	2.94
Net Nonoperating Obligations (NNO)	49	40	48	52	44	70	75	76	63	64
Total Depreciation and Amortization (D&A)	5.75	4.61	4.50	5.51	7.69	7.57	7.73	7.71	7.84	7.26
Debt-free, Cash-free Net Working Capital to Revenue	-2.44%	-4.65%	-0.85%	3.48%	3.68%	10.35%	11.07%	11.11%	5.65%	-2.08%
Debt-free Net Working Capital to Revenue	3.07%	1.33%	4.82%	10.14%	10.09%	16.71%	17.46%	17.10%	19.75%	2.92%
Net Working Capital to Revenue	-6.50%	-5.80%	-4.09%	-1.93%	0.76%	-1.44%	-4.73%	-6.39%	-7.34%	2.35%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.01)	$0.03	($0.04)	($0.12)	($0.23)	($0.16)	($0.19)	($0.10)	($0.06)	($170,000.00)
Adjusted Weighted Average Basic Shares Outstanding	47.40M	47.52M	47.39M	47.10M	45.51M	46.45M	44.74M	43.82M	40.84M	40.67M
Adjusted Diluted Earnings per Share	($0.01)	$0.03	($0.04)	($0.12)	($0.23)	($0.16)	($0.19)	($0.10)	($0.06)	($170,000.00)
Adjusted Weighted Average Diluted Shares Outstanding	47.40M	47.64M	47.39M	47.10M	45.51M	46.45M	44.74M	43.82M	40.84M	40.67M
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
Adjusted Weighted Average Basic & Diluted Shares Outstanding	48.00M	47.66M	47.48M	47.35M	47.28M	47.02M	46.28M	44.47M	43.91M	41.62M
Normalized Net Operating Profit after Tax (NOPAT)	1.74	4.55	0.98	-1.54	-4.17	-2.93	-2.48	-0.77	0.91	-3.56
Normalized NOPAT Margin	2.30%	4.85%	1.05%	-1.93%	-5.26%	-4.10%	-3.56%	-1.16%	1.40%	-6.80%
Pre Tax Income Margin	0.89%	2.90%	-1.16%	-5.77%	-11.18%	-9.35%	-9.31%	-5.40%	-2.45%	-12.25%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	1.34	2.37	0.56	-0.92	-2.05	-1.67	-1.20	-0.44	0.45	-3.82
NOPAT to Interest Expense	0.88	2.29	0.39	-0.64	-1.44	-1.17	-0.84	-0.31	0.31	-2.67
EBIT Less CapEx to Interest Expense	4.35	-3.55	0.23	-1.45	-3.69	-2.17	-1.12	-1.60	-1.53	-8.22
NOPAT Less CapEx to Interest Expense	3.89	-3.64	0.06	-1.17	-3.08	-1.67	-0.76	-1.46	-1.66	-7.08
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	-223.32%	-32.50%	-12.13%	3.90%	-0.43%	0.43%	-4.33%	-3.67%	-3.29%	-3.72%
Augmented Payout Ratio	-223.32%	-32.50%	-12.13%	3.90%	-0.43%	0.43%	-4.33%	-3.67%	-4.53%	-3.72%

Frequently Asked Questions About SkyWater Technology's Financials

When does SkyWater Technology's financial year end?

According to the most recent income statement we have on file, SkyWater Technology's fiscal year ends in December. Their fiscal year 2024 ended on December 29, 2024.

How has SkyWater Technology's net income changed over the last 2 years?

SkyWater Technology's net income appears to be on a downward trend, with a most recent value of -$2.52 million in 2024, falling from -$36.87 million in 2022. The previous period was -$25.09 million in 2023. Check out SkyWater Technology's forecast to explore projected trends and price targets.

What is SkyWater Technology's operating income?

SkyWater Technology's total operating income in 2024 was $6.56 million, based on the following breakdown:

Total Gross Profit: $69.63 million
Total Operating Expenses: $63.07 million

How has SkyWater Technology revenue changed over the last 2 years?

Over the last 2 years, SkyWater Technology's total revenue changed from $212.94 million in 2022 to $342.27 million in 2024, a change of 60.7%.

How much debt does SkyWater Technology have?

SkyWater Technology's total liabilities were at $250.29 million at the end of 2024, a 2.3% decrease from 2023, and a 0.6% decrease since 2022.

How much cash does SkyWater Technology have?

In the past 2 years, SkyWater Technology's cash and equivalents has ranged from $18.38 million in 2023 to $30.03 million in 2022, and is currently $18.84 million as of their latest financial filing in 2024.

How has SkyWater Technology's book value per share changed over the last 2 years?

Over the last 2 years, SkyWater Technology's book value per share changed from 1.29 in 2022 to 1.21 in 2024, a change of -6.2%.

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This page (NASDAQ:SKYT) was last updated on 5/29/2025 by MarketBeat.com Staff

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SkyWater Technology (SKYT) Financials

Frequently Asked Questions About SkyWater Technology's Financials

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SkyWater Technology (SKYT) Financials

Annual Income Statements for SkyWater Technology

Quarterly Income Statements for SkyWater Technology

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Quarterly Cash Flow Statements for SkyWater Technology

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Quarterly Balance Sheets for SkyWater Technology

Annual Metrics And Ratios for SkyWater Technology

Quarterly Metrics And Ratios for SkyWater Technology

Frequently Asked Questions About SkyWater Technology's Financials

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