Spok (SPOK) Financials

$16.55 -0.13 (-0.76%)

As of 03:50 PM Eastern

Annual Income Statements for Spok

This table shows Spok'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	15	16	22
Consolidated Net Income / (Loss)	15	16	22
Net Income / (Loss) Continuing Operations	15	16	22
Total Pre-Tax Income	20	22	1.00
Total Operating Income	19	21	0.24
Total Gross Profit	109	112	106
Total Revenue	138	139	135
Operating Revenue	138	139	135
Total Cost of Revenue	28	27	28
Operating Cost of Revenue	28	27	28
Total Operating Expenses	90	91	106
Selling, General & Admin Expense	33	33	38
Marketing Expense	16	16	16
Research & Development Expense	12	11	14
Depreciation Expense	4.15	4.50	3.57
Other Operating Expenses / (Income)	24	26	27
Restructuring Charge	1.10	0.57	7.33
Total Other Income / (Expense), net	1.07	1.10	0.76
Interest & Investment Income	1.15	1.10	0.59
Other Income / (Expense), net	-0.09	-0.00	0.17
Income Tax Expense	5.07	6.66	-21
Basic Earnings per Share	$0.74	$0.79	$1.11
Weighted Average Basic Shares Outstanding	20.24M	19.95M	19.67M
Diluted Earnings per Share	$0.73	$0.77	$1.09
Weighted Average Diluted Shares Outstanding	20.57M	20.34M	19.99M
Weighted Average Basic & Diluted Shares Outstanding	20.42M	20.14M	20.00M
Cash Dividends to Common per Share	$1.25	$1.25	$1.25

This table shows Spok'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	12/31/2024	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	3.64	3.66	3.43	4.24	3.37	4.45	4.73	3.12	24	2.92
Consolidated Net Income / (Loss)	3.64	3.66	3.43	4.24	3.37	4.45	4.73	3.12	24	2.92
Net Income / (Loss) Continuing Operations	3.64	3.66	3.43	4.24	3.37	4.45	4.73	3.12	24	2.92
Total Pre-Tax Income	4.89	5.15	4.85	5.14	4.36	6.49	6.43	5.04	3.24	3.77
Total Operating Income	4.64	4.96	4.47	4.89	4.08	6.21	6.22	4.72	2.96	3.54
Total Gross Profit	27	28	27	28	27	29	30	27	26	27
Total Revenue	34	35	34	35	34	35	36	33	33	34
Operating Revenue	34	35	34	35	34	35	36	33	33	34
Total Cost of Revenue	7.00	7.13	7.16	7.14	6.93	6.62	6.73	6.54	6.86	6.62
Operating Cost of Revenue	7.00	7.13	7.16	7.14	6.93	6.62	6.73	6.54	6.86	6.62
Total Operating Expenses	22	23	22	23	23	23	24	22	23	24
Selling, General & Admin Expense	8.72	8.53	8.07	7.98	8.76	8.22	8.49	7.70	8.87	8.87
Marketing Expense	4.27	3.93	3.51	4.15	4.03	4.07	4.35	3.90	3.67	3.44
Research & Development Expense	2.59	2.83	3.18	2.95	2.64	2.56	2.85	2.49	2.28	2.22
Depreciation Expense	0.94	1.08	1.07	1.07	0.73	1.27	1.27	1.24	0.94	0.83
Other Operating Expenses / (Income)	5.74	6.08	6.18	6.30	6.40	6.41	6.45	6.59	6.80	6.72
Restructuring Charge	0.00	0.33	0.35	0.43	0.38	0.08	0.11	0.01	0.88	1.50
Total Other Income / (Expense), net	0.25	0.19	0.38	0.25	0.28	0.28	0.22	0.33	0.28	0.23
Other Income / (Expense), net	0.01	-0.08	-0.01	-0.00	0.04	0.04	-0.14	0.05	0.06	0.10
Income Tax Expense	1.24	1.49	1.43	0.91	0.99	2.04	1.70	1.93	-21	0.85
Basic Earnings per Share	$0.18	$0.18	$0.17	$0.21	$0.17	$0.22	$0.24	$0.16	$1.23	$0.15
Weighted Average Basic Shares Outstanding	20.24M	20.26M	20.25M	20.17M	19.95M	19.97M	19.96M	19.90M	19.67M	19.69M
Diluted Earnings per Share	$0.17	$0.18	$0.17	$0.21	$0.17	$0.22	$0.23	$0.15	$1.21	$0.15
Weighted Average Diluted Shares Outstanding	20.57M	20.52M	20.47M	20.45M	20.34M	20.30M	20.26M	20.18M	19.99M	19.90M
Weighted Average Basic & Diluted Shares Outstanding	20.42M	20.27M	20.26M	20.25M	20.14M	19.98M	19.97M	19.95M	20.00M	19.70M
Cash Dividends to Common per Share	$0.31	$0.31	$0.31	$0.31	$0.31	$0.31	$0.31	$0.31	$0.31	$0.31

This table details how cash moves in and out of Spok'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	-2.84	-3.77	-8.83
Net Cash From Operating Activities	29	26	6.46
Net Cash From Continuing Operating Activities	29	26	6.46
Net Income / (Loss) Continuing Operations	15	16	22
Consolidated Net Income / (Loss)	15	16	22
Depreciation Expense	4.15	4.50	3.57
Non-Cash Adjustments To Reconcile Net Income	5.77	3.75	-16
Changes in Operating Assets and Liabilities, net	4.04	2.27	-2.73
Net Cash From Investing Activities	-3.21	-3.42	11
Net Cash From Continuing Investing Activities	-3.21	-3.42	11
Purchase of Property, Plant & Equipment	-3.21	-3.42	-3.78
Purchase of Investments	0.00	0.00	-15
Sale and/or Maturity of Investments	0.00	0.00	30
Net Cash From Financing Activities	-29	-27	-26
Net Cash From Continuing Financing Activities	-29	-27	-26
Payment of Dividends	-26	-26	-25
Issuance of Common Equity	0.27	0.21	0.00
Other Financing Activities, net	-2.43	-1.25	-1.21
Effect of Exchange Rate Changes	-0.02	0.15	-0.32
Cash Income Taxes Paid	0.57	0.18	0.22

This table details how cash moves in and out of Spok'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	12/31/2024	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	1.32	3.96	0.54	-8.65	4.69	-3.57	1.32	-6.20	-1.41	14
Net Cash From Operating Activities	8.41	11	7.42	2.00	12	3.20	8.59	2.61	6.60	5.75
Net Cash From Continuing Operating Activities	8.41	11	7.42	2.00	12	3.20	8.59	2.61	6.60	5.75
Net Income / (Loss) Continuing Operations	3.64	3.66	3.43	4.24	3.37	4.45	4.73	3.12	24	2.92
Consolidated Net Income / (Loss)	3.64	3.66	3.43	4.24	3.37	4.45	4.73	3.12	24	2.92
Depreciation Expense	0.94	1.08	1.07	1.07	0.73	1.27	1.27	1.24	0.94	0.83
Non-Cash Adjustments To Reconcile Net Income	1.88	1.32	1.10	1.46	1.83	0.16	0.99	0.77	-21	1.87
Changes in Operating Assets and Liabilities, net	1.94	5.04	1.83	-4.77	5.86	-2.68	1.60	-2.51	2.38	0.13
Net Cash From Investing Activities	-0.86	-0.83	-0.64	-0.88	-1.00	-0.60	-1.17	-0.65	-2.00	14
Net Cash From Continuing Investing Activities	-0.86	-0.83	-0.64	-0.88	-1.00	-0.60	-1.17	-0.65	-2.00	14
Purchase of Property, Plant & Equipment	-0.86	-0.83	-0.64	-0.88	-1.00	-0.60	-1.17	-0.65	-2.00	-0.58
Net Cash From Financing Activities	-6.19	-6.33	-6.20	-9.81	-6.12	-6.24	-6.14	-8.18	-6.16	-6.17
Net Cash From Continuing Financing Activities	-6.19	-6.33	-6.20	-9.81	-6.12	-6.24	-6.14	-8.18	-6.16	-6.17
Payment of Dividends	-6.34	-6.33	-6.33	-7.39	-6.24	-6.24	-6.23	-6.93	-6.16	-6.17
Issuance of Common Equity	0.14	-0.00	-	-	0.12	-	-	-	-	-
Effect of Exchange Rate Changes	-0.04	0.02	-0.05	0.04	0.02	0.08	0.04	0.01	0.15	-0.27
Cash Income Taxes Paid	0.27	0.06	0.24	0.01	-0.06	-0.02	0.26	-0.01	0.01	0.03

This table presents Spok'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	217	228	244
Total Current Assets	61	64	70
Cash & Equivalents	29	32	36
Accounts Receivable	22	23	27
Prepaid Expenses	9.36	7.89	6.85
Other Current Assets	0.84	0.70	0.59
Plant, Property, & Equipment, net	5.95	7.32	8.22
Total Noncurrent Assets	150	156	165
Goodwill	99	99	99
Noncurrent Deferred & Refundable Income Taxes	42	46	52
Other Noncurrent Operating Assets	8.99	11	14
Total Liabilities & Shareholders' Equity	217	228	244
Total Liabilities	62	64	73
Total Current Liabilities	49	48	54
Accounts Payable	5.63	5.97	5.88
Current Deferred Revenue	28	26	27
Current Employee Benefit Liabilities	7.36	7.28	12
Other Current Liabilities	7.42	8.46	9.67
Total Noncurrent Liabilities	14	16	19
Asset Retirement Reserve & Litigation Obligation	5.95	7.19	7.24
Other Noncurrent Operating Liabilities	7.64	8.71	12
Commitments & Contingencies	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	155	164	171
Total Preferred & Common Equity	155	164	171
Preferred Stock	0.00	0.00	0.00
Total Common Equity	155	164	171
Common Stock	106	103	100
Retained Earnings	51	63	73
Accumulated Other Comprehensive Income / (Loss)	-1.78	-1.76	-1.91

This table presents Spok'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	9/30/2024	6/30/2024	3/31/2024	9/30/2023	6/30/2023	3/31/2023	9/30/2022
Total Assets	217	216	215	227	234	232	227
Total Current Assets	58	56	53	61	65	60	72
Cash & Equivalents	28	24	23	27	31	30	37
Accounts Receivable	21	23	22	25	25	23	27
Prepaid Expenses	8.45	8.59	7.20	7.43	7.37	7.15	7.32
Other Current Assets	0.72	0.86	0.67	1.29	0.84	0.63	0.79
Plant, Property, & Equipment, net	6.99	7.06	7.31	7.38	7.87	7.80	6.38
Total Noncurrent Assets	151	153	154	158	162	164	148
Goodwill	99	99	99	99	99	99	99
Noncurrent Deferred & Refundable Income Taxes	43	44	45	47	49	51	31
Other Noncurrent Operating Assets	9.58	10	9.80	12	13	14	17
Total Liabilities & Shareholders' Equity	217	216	215	227	234	232	227
Total Liabilities	60	58	55	61	67	63	73
Total Current Liabilities	46	43	40	45	49	45	53
Accounts Payable	3.94	5.42	3.81	4.45	6.77	4.66	5.79
Current Deferred Revenue	29	25	25	25	24	25	26
Current Employee Benefit Liabilities	5.19	4.92	3.42	5.37	8.53	6.06	11
Other Current Liabilities	7.76	7.78	7.66	10	10	9.79	10
Total Noncurrent Liabilities	15	15	15	16	18	18	21
Asset Retirement Reserve & Litigation Obligation	7.27	7.20	7.21	7.54	7.46	7.35	6.63
Other Noncurrent Operating Liabilities	7.57	7.61	7.75	8.70	11	11	14
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	156	158	160	166	167	168	153
Total Preferred & Common Equity	156	158	160	166	167	168	153
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	156	158	160	166	167	168	153
Common Stock	104	103	102	101	101	100	99
Retained Earnings	54	57	60	66	68	71	56
Accumulated Other Comprehensive Income / (Loss)	-1.75	-1.77	-1.72	-1.78	-1.86	-1.90	-2.06

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

Metric	2024	2023	2022
Period end date	12/31/2024	12/31/2023	12/31/2022
Growth Metrics	-	-	-
Revenue Growth	-0.99%	3.34%	-5.36%
EBITDA Growth	-10.48%	546.93%	123.11%
EBIT Growth	-11.06%	5,140.99%	101.46%
NOPAT Growth	-4.89%	185.51%	126.89%
Net Income Growth	-4.47%	-28.32%	198.54%
EPS Growth	-5.19%	-29.36%	195.61%
Operating Cash Flow Growth	10.46%	305.58%	-18.98%
Free Cash Flow Firm Growth	14.94%	215.99%	-31.32%
Invested Capital Growth	-4.69%	-2.09%	17.95%
Revenue Q/Q Growth	-0.05%	0.51%	-0.95%
EBITDA Q/Q Growth	3.27%	3.64%	122.04%
EBIT Q/Q Growth	2.83%	5.53%	101.73%
NOPAT Q/Q Growth	2.20%	-56.98%	131.68%
Net Income Q/Q Growth	1.90%	-57.11%	214.79%
EPS Q/Q Growth	0.00%	-57.46%	212.37%
Operating Cash Flow Q/Q Growth	-10.47%	24.69%	477.99%
Free Cash Flow Firm Q/Q Growth	-13.81%	41.44%	-81.43%
Invested Capital Q/Q Growth	-2.22%	-4.65%	15.93%
Profitability Metrics	-	-	-
Gross Margin	79.35%	80.71%	78.99%
EBITDA Margin	16.73%	18.50%	2.96%
Operating Margin	13.78%	15.27%	0.18%
EBIT Margin	13.71%	15.27%	0.30%
Profit (Net Income) Margin	10.87%	11.27%	16.25%
Tax Burden Percent	74.71%	70.17%	2,192.18%
Interest Burden Percent	106.11%	105.18%	246.17%
Effective Tax Rate	25.29%	29.83%	-2,092.18%
Return on Invested Capital (ROIC)	11.01%	11.18%	4.20%
ROIC Less NNEP Spread (ROIC-NNEP)	8.40%	8.94%	-30.44%
Return on Net Nonoperating Assets (RNNOA)	-1.61%	-1.83%	8.48%
Return on Equity (ROE)	9.40%	9.36%	12.68%
Cash Return on Invested Capital (CROIC)	15.81%	13.29%	-12.27%
Operating Return on Assets (OROA)	8.49%	8.99%	0.16%
Return on Assets (ROA)	6.73%	6.64%	8.87%
Return on Common Equity (ROCE)	9.40%	9.36%	12.68%
Return on Equity Simple (ROE_SIMPLE)	9.67%	9.57%	12.77%
Net Operating Profit after Tax (NOPAT)	14	15	5.22
NOPAT Margin	10.29%	10.71%	3.88%
Net Nonoperating Expense Percent (NNEP)	2.61%	2.25%	34.63%
Return On Investment Capital (ROIC_SIMPLE)	9.16%	9.10%	3.05%
Cost of Revenue to Revenue	20.65%	19.29%	21.01%
SG&A Expenses to Revenue	24.19%	23.86%	28.09%
R&D to Revenue	8.39%	7.59%	10.13%
Operating Expenses to Revenue	65.57%	65.44%	78.81%
Earnings before Interest and Taxes (EBIT)	19	21	0.41
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	23	26	3.98
Valuation Ratios	-	-	-
Price to Book Value (P/BV)	2.06	1.71	0.78
Price to Tangible Book Value (P/TBV)	5.74	4.34	1.85
Price to Revenue (P/Rev)	2.32	2.02	0.99
Price to Earnings (P/E)	21.32	17.91	6.09
Dividend Yield	7.94%	8.90%	18.51%
Earnings Yield	4.69%	5.58%	16.43%
Enterprise Value to Invested Capital (EV/IC)	2.31	1.89	0.72
Enterprise Value to Revenue (EV/Rev)	2.11	1.79	0.72
Enterprise Value to EBITDA (EV/EBITDA)	12.59	9.66	24.47
Enterprise Value to EBIT (EV/EBIT)	15.35	11.71	240.20
Enterprise Value to NOPAT (EV/NOPAT)	20.46	16.69	18.65
Enterprise Value to Operating Cash Flow (EV/OCF)	10.02	9.49	15.07
Enterprise Value to Free Cash Flow (EV/FCFF)	14.24	14.04	0.00
Leverage & Solvency	-	-	-
Debt to Equity	0.00	0.00	0.00
Long-Term Debt to Equity	0.00	0.00	0.00
Financial Leverage	-0.19	-0.20	-0.28
Leverage Ratio	1.40	1.41	1.43
Compound Leverage Factor	1.48	1.48	3.52
Debt to Total Capital	0.00%	0.00%	0.00%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	0.00%	0.00%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%
Common Equity to Total Capital	100.00%	100.00%	100.00%
Debt to EBITDA	0.00	0.00	0.00
Net Debt to EBITDA	0.00	0.00	0.00
Long-Term Debt to EBITDA	0.00	0.00	0.00
Debt to NOPAT	0.00	0.00	0.00
Net Debt to NOPAT	0.00	0.00	0.00
Long-Term Debt to NOPAT	0.00	0.00	0.00
Altman Z-Score	4.39	4.02	2.14
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-
Current Ratio	1.26	1.33	1.29
Quick Ratio	1.05	1.15	1.15
Cash Flow Metrics	-	-	-
Free Cash Flow to Firm (FCFF)	20	18	-15
Operating Cash Flow to CapEx	901.28%	766.29%	170.97%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00
Efficiency Ratios	-	-	-
Asset Turnover	0.62	0.59	0.55
Accounts Receivable Turnover	6.08	5.54	5.00
Inventory Turnover	0.00	0.00	0.00
Fixed Asset Turnover	20.74	17.89	17.98
Accounts Payable Turnover	4.90	4.53	5.06
Days Sales Outstanding (DSO)	60.01	65.87	72.94
Days Inventory Outstanding (DIO)	0.00	0.00	0.00
Days Payable Outstanding (DPO)	74.46	80.63	72.13
Cash Conversion Cycle (CCC)	-14.45	-14.77	0.81
Capital & Investment Metrics	-	-	-
Invested Capital	126	132	135
Invested Capital Turnover	1.07	1.04	1.08
Increase / (Decrease) in Invested Capital	-6.18	-2.81	20
Enterprise Value (EV)	290	249	97
Market Capitalization	319	281	133
Book Value per Share	$7.63	$8.20	$8.68
Tangible Book Value per Share	$2.74	$3.23	$3.65
Total Capital	155	164	171
Total Debt	0.00	0.00	0.00
Total Long-Term Debt	0.00	0.00	0.00
Net Debt	-29	-32	-36
Capital Expenditures (CapEx)	3.21	3.42	3.78
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-17	-16	-20
Debt-free Net Working Capital (DFNWC)	13	16	16
Net Working Capital (NWC)	13	16	16
Net Nonoperating Expense (NNE)	-0.80	-0.77	-17
Net Nonoperating Obligations (NNO)	-29	-32	-37
Total Depreciation and Amortization (D&A)	4.15	4.50	3.57
Debt-free, Cash-free Net Working Capital to Revenue	-12.08%	-11.58%	-14.97%
Debt-free Net Working Capital to Revenue	9.10%	11.43%	11.61%
Net Working Capital to Revenue	9.10%	11.43%	11.61%
Earnings Adjustments	-	-	-
Adjusted Basic Earnings per Share	$0.74	$0.79	$1.11
Adjusted Weighted Average Basic Shares Outstanding	20.24M	19.95M	19.67M
Adjusted Diluted Earnings per Share	$0.73	$0.77	$1.09
Adjusted Weighted Average Diluted Shares Outstanding	20.57M	20.34M	19.99M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	20.42M	20.14M	20.00M
Normalized Net Operating Profit after Tax (NOPAT)	15	15	5.30
Normalized NOPAT Margin	10.89%	11.00%	3.94%
Pre Tax Income Margin	14.55%	16.06%	0.74%
Debt Service Ratios	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00
Payout Ratios	-	-	-
Dividend Payout Ratio	176.28%	163.68%	114.44%
Augmented Payout Ratio	176.28%	163.68%	114.44%

This table displays calculated financial ratios and metrics derived from Spok'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	12/31/2024	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	-0.18%	-1.58%	-6.80%	5.21%	2.10%	4.99%	8.17%	-1.91%	-3.73%	-5.88%
EBITDA Growth	15.02%	-20.74%	-24.72%	-0.82%	22.86%	68.44%	121.95%	177.53%	121.87%	556.08%
EBIT Growth	12.58%	-21.87%	-26.61%	2.49%	36.95%	71.95%	149.36%	154.95%	114.51%	202.54%
NOPAT Growth	9.70%	-17.21%	-30.94%	38.15%	-85.74%	55.19%	156.96%	148.06%	251.76%	210.21%
Net Income Growth	8.29%	-17.77%	-27.64%	35.90%	-86.11%	52.43%	146.00%	143.21%	245.33%	217.08%
EPS Growth	0.00%	-18.18%	-26.09%	40.00%	-85.95%	46.67%	130.00%	140.54%	242.35%	215.38%
Operating Cash Flow Growth	-28.68%	246.94%	-13.57%	-23.48%	78.50%	-44.35%	945.18%	153.52%	523.33%	1.50%
Free Cash Flow Firm Growth	61.74%	174.36%	134.06%	128.90%	265.92%	-265.23%	-223.05%	-521.42%	123.99%	-74.37%
Invested Capital Growth	-4.69%	-7.05%	-1.04%	-1.74%	-2.09%	19.04%	15.27%	22.22%	17.95%	-6.49%
Revenue Q/Q Growth	-2.80%	2.61%	-2.66%	2.81%	-4.16%	-2.84%	9.89%	-0.23%	-1.45%	0.10%
EBITDA Q/Q Growth	-6.36%	7.85%	-7.22%	22.75%	-35.47%	2.44%	22.24%	52.05%	-11.53%	34.98%
EBIT Q/Q Growth	-4.95%	9.55%	-8.77%	18.52%	-34.04%	2.91%	27.40%	58.37%	-17.18%	49.24%
NOPAT Q/Q Growth	-1.91%	11.61%	-21.59%	27.78%	-25.97%	-6.90%	56.86%	-86.81%	705.71%	54.15%
Net Income Q/Q Growth	-0.44%	6.86%	-19.15%	25.88%	-24.40%	-5.96%	51.84%	-87.13%	729.66%	51.77%
EPS Q/Q Growth	-5.56%	5.88%	-19.05%	23.53%	-22.73%	-4.35%	53.33%	-87.60%	706.67%	50.00%
Operating Cash Flow Q/Q Growth	-24.23%	49.49%	271.47%	-83.05%	268.61%	-62.76%	228.88%	-60.46%	14.91%	665.65%
Free Cash Flow Firm Q/Q Growth	-27.37%	190.61%	-29.19%	8.22%	133.39%	-33.11%	39.91%	-1,470.20%	-84.92%	-0.87%
Invested Capital Q/Q Growth	-2.22%	-4.38%	-1.50%	3.49%	-4.65%	1.81%	-2.20%	3.13%	15.93%	-1.41%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	79.36%	79.54%	78.92%	79.55%	79.58%	81.31%	81.55%	80.30%	79.37%	80.37%
EBITDA Margin	16.47%	17.09%	16.26%	17.06%	14.29%	21.23%	20.14%	18.10%	11.88%	13.23%
Operating Margin	13.69%	14.23%	13.17%	14.01%	12.03%	17.54%	17.04%	14.22%	8.89%	10.49%
EBIT Margin	13.70%	14.01%	13.12%	14.01%	12.15%	17.65%	16.67%	14.38%	9.06%	10.78%
Profit (Net Income) Margin	10.75%	10.50%	10.08%	12.13%	9.91%	12.56%	12.98%	9.39%	72.85%	8.65%
Tax Burden Percent	74.55%	71.07%	70.60%	82.36%	77.21%	68.54%	73.60%	61.82%	748.18%	77.54%
Interest Burden Percent	105.25%	105.40%	108.77%	105.20%	105.65%	103.84%	105.83%	105.70%	107.50%	103.55%
Effective Tax Rate	25.45%	28.93%	29.40%	17.64%	22.79%	31.46%	26.40%	38.18%	-648.18%	22.46%
Return on Invested Capital (ROIC)	10.91%	10.44%	9.52%	11.81%	9.69%	13.08%	13.52%	9.33%	71.93%	9.19%
ROIC Less NNEP Spread (ROIC-NNEP)	10.31%	9.96%	8.55%	11.03%	9.07%	12.48%	13.06%	8.80%	67.52%	8.86%
Return on Net Nonoperating Assets (RNNOA)	-1.98%	-1.71%	-1.44%	-1.79%	-1.86%	-2.52%	-2.80%	-2.03%	-18.82%	-2.69%
Return on Equity (ROE)	8.94%	8.74%	8.08%	10.01%	7.84%	10.55%	10.72%	7.29%	53.11%	6.51%
Cash Return on Invested Capital (CROIC)	15.81%	17.71%	11.85%	13.40%	13.29%	9.84%	11.85%	3.72%	-12.27%	-7.00%
Operating Return on Assets (OROA)	8.48%	8.70%	8.06%	8.82%	7.15%	10.77%	9.84%	8.29%	4.95%	5.90%
Return on Assets (ROA)	6.65%	6.52%	6.19%	7.65%	5.84%	7.66%	7.66%	5.41%	39.79%	4.74%
Return on Common Equity (ROCE)	8.94%	8.74%	8.08%	10.01%	7.84%	10.55%	10.72%	7.29%	53.11%	6.51%
Return on Equity Simple (ROE_SIMPLE)	0.00%	9.40%	9.78%	10.48%	0.00%	22.07%	21.00%	19.12%	0.00%	-12.42%
Net Operating Profit after Tax (NOPAT)	3.46	3.53	3.16	4.03	3.15	4.26	4.57	2.92	22	2.74
NOPAT Margin	10.20%	10.11%	9.30%	11.54%	9.29%	12.02%	12.54%	8.79%	66.48%	8.13%
Net Nonoperating Expense Percent (NNEP)	0.61%	0.49%	0.97%	0.78%	0.62%	0.60%	0.46%	0.53%	4.41%	0.34%
Return On Investment Capital (ROIC_SIMPLE)	2.23%	2.26%	2.00%	2.52%	1.93%	2.57%	2.75%	1.73%	12.92%	1.79%
Cost of Revenue to Revenue	20.64%	20.46%	21.08%	20.45%	20.42%	18.69%	18.45%	19.70%	20.63%	19.63%
SG&A Expenses to Revenue	25.72%	24.47%	23.74%	22.87%	25.81%	23.19%	23.28%	23.21%	26.68%	26.28%
R&D to Revenue	7.64%	8.12%	9.35%	8.45%	7.78%	7.23%	7.82%	7.51%	6.86%	6.59%
Operating Expenses to Revenue	65.67%	65.32%	65.76%	65.54%	67.56%	63.77%	64.51%	66.09%	70.49%	69.88%
Earnings before Interest and Taxes (EBIT)	4.64	4.89	4.46	4.89	4.13	6.25	6.08	4.77	3.01	3.64
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	5.58	5.96	5.53	5.96	4.85	7.52	7.34	6.01	3.95	4.47
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.06	1.88	1.79	1.84	1.71	1.53	1.38	1.02	0.78	0.78
Price to Tangible Book Value (P/TBV)	5.74	5.14	4.78	4.83	4.34	3.82	3.42	2.49	1.85	2.21
Price to Revenue (P/Rev)	2.32	2.13	2.04	2.09	2.02	1.83	1.69	1.29	0.99	0.88
Price to Earnings (P/E)	21.32	19.99	18.25	17.54	17.91	6.94	6.59	5.35	6.09	0.00
Dividend Yield	7.94%	8.63%	8.96%	8.49%	8.90%	9.84%	10.82%	14.53%	18.51%	17.50%
Earnings Yield	4.69%	5.00%	5.48%	5.70%	5.58%	14.41%	15.18%	18.71%	16.43%	0.00%
Enterprise Value to Invested Capital (EV/IC)	2.31	2.07	1.93	1.99	1.89	1.64	1.47	1.03	0.72	0.71
Enterprise Value to Revenue (EV/Rev)	2.11	1.93	1.87	1.93	1.79	1.64	1.46	1.06	0.72	0.61
Enterprise Value to EBITDA (EV/EBITDA)	12.59	11.92	10.84	10.56	9.66	9.12	9.17	8.04	24.47	0.00
Enterprise Value to EBIT (EV/EBIT)	15.35	14.47	13.11	12.70	11.71	11.25	11.41	10.29	240.20	0.00
Enterprise Value to NOPAT (EV/NOPAT)	20.46	19.17	17.72	16.92	16.69	6.53	6.05	4.76	18.65	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	10.02	8.23	10.60	10.60	9.49	10.77	8.48	10.22	15.07	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	14.24	11.26	16.16	14.70	14.04	18.07	13.29	30.37	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Financial Leverage	-0.19	-0.17	-0.17	-0.16	-0.20	-0.20	-0.21	-0.23	-0.28	-0.30
Leverage Ratio	1.40	1.38	1.39	1.36	1.41	1.42	1.43	1.42	1.43	1.44
Compound Leverage Factor	1.47	1.45	1.51	1.43	1.49	1.48	1.52	1.50	1.54	1.49
Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	0.00%	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%
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%
Common Equity to Total Capital	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to EBITDA	0.00	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	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	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
Altman Z-Score	4.17	4.04	4.06	4.41	3.77	3.67	3.21	2.78	2.17	2.08
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.26	1.28	1.30	1.33	1.33	1.35	1.31	1.33	1.29	1.37
Quick Ratio	1.05	1.08	1.08	1.13	1.15	1.16	1.14	1.16	1.15	1.22
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	9.64	13	4.57	6.45	5.96	-18	-13	-22	1.63	11
Operating Cash Flow to CapEx	976.42%	1,333.53%	1,157.88%	228.34%	1,181.16%	529.47%	736.45%	402.31%	329.71%	989.16%
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
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
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
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.62	0.62	0.61	0.63	0.59	0.61	0.59	0.58	0.55	0.55
Accounts Receivable Turnover	6.08	5.92	5.73	6.35	5.54	5.31	5.25	5.82	5.00	5.04
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	20.74	19.18	18.53	18.63	17.89	20.11	19.04	18.54	17.98	19.11
Accounts Payable Turnover	4.90	6.76	4.57	6.48	4.53	5.23	4.89	6.34	5.06	5.76
Days Sales Outstanding (DSO)	60.01	61.65	63.74	57.52	65.87	68.69	69.52	62.72	72.94	72.42
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	74.46	53.97	79.83	56.36	80.63	69.86	74.57	57.60	72.13	63.38
Cash Conversion Cycle (CCC)	-14.45	7.68	-16.10	1.17	-14.77	-1.17	-5.05	5.12	0.81	9.05
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	126	128	134	136	132	138	136	139	135	116
Invested Capital Turnover	1.07	1.03	1.02	1.02	1.04	1.09	1.08	1.06	1.08	1.13
Increase / (Decrease) in Invested Capital	-6.18	-9.75	-1.41	-2.42	-2.81	22	18	25	20	-8.06
Enterprise Value (EV)	290	266	259	271	249	226	200	143	97	82
Market Capitalization	319	294	282	294	281	254	231	172	133	120
Book Value per Share	$7.63	$7.71	$7.81	$7.94	$8.20	$8.29	$8.35	$8.42	$8.68	$7.78
Tangible Book Value per Share	$2.74	$2.82	$2.92	$3.02	$3.23	$3.32	$3.38	$3.46	$3.65	$2.75
Total Capital	155	156	158	160	164	166	167	168	171	153
Total Debt	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Long-Term Debt	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt	-29	-28	-24	-23	-32	-27	-31	-30	-36	-37
Capital Expenditures (CapEx)	0.86	0.83	0.64	0.88	1.00	0.60	1.17	0.65	2.00	0.58
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-17	-15	-11	-10	-16	-11	-16	-15	-20	-18
Debt-free Net Working Capital (DFNWC)	13	13	13	13	16	16	15	15	16	19
Net Working Capital (NWC)	13	13	13	13	16	16	15	15	16	19
Net Nonoperating Expense (NNE)	-0.19	-0.13	-0.27	-0.21	-0.21	-0.19	-0.16	-0.20	-2.12	-0.18
Net Nonoperating Obligations (NNO)	-29	-28	-24	-24	-32	-27	-31	-30	-37	-37
Total Depreciation and Amortization (D&A)	0.94	1.08	1.07	1.07	0.73	1.27	1.27	1.24	0.94	0.83
Debt-free, Cash-free Net Working Capital to Revenue	-12.08%	-10.95%	-8.02%	-7.32%	-11.58%	-8.18%	-11.45%	-10.99%	-14.97%	-13.02%
Debt-free Net Working Capital to Revenue	9.10%	9.26%	9.25%	9.27%	11.43%	11.55%	11.14%	11.08%	11.61%	14.35%
Net Working Capital to Revenue	9.10%	9.26%	9.25%	9.27%	11.43%	11.55%	11.14%	11.08%	11.61%	14.35%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.18	$0.18	$0.17	$0.21	$0.17	$0.22	$0.24	$0.16	$1.23	$0.15
Adjusted Weighted Average Basic Shares Outstanding	20.24M	20.26M	20.25M	20.17M	19.95M	19.97M	19.96M	19.90M	19.67M	19.69M
Adjusted Diluted Earnings per Share	$0.17	$0.18	$0.17	$0.21	$0.17	$0.22	$0.23	$0.15	$1.21	$0.15
Adjusted Weighted Average Diluted Shares Outstanding	20.57M	20.52M	20.47M	20.45M	20.34M	20.30M	20.26M	20.18M	19.99M	19.90M
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	20.42M	20.27M	20.26M	20.25M	20.14M	19.98M	19.97M	19.95M	20.00M	19.70M
Normalized Net Operating Profit after Tax (NOPAT)	3.46	3.76	3.40	4.38	3.44	4.31	4.65	2.92	2.69	3.91
Normalized NOPAT Margin	10.21%	10.77%	10.02%	12.55%	10.14%	12.17%	12.76%	8.81%	8.07%	11.59%
Pre Tax Income Margin	14.42%	14.77%	14.28%	14.73%	12.84%	18.33%	17.64%	15.20%	9.74%	11.16%
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
NOPAT to Interest Expense	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
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
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	176.28%	178.97%	169.24%	155.47%	163.68%	69.99%	72.85%	78.98%	114.44%	-111.79%
Augmented Payout Ratio	176.28%	178.97%	169.24%	155.47%	163.68%	69.99%	72.85%	78.98%	114.44%	-111.79%

Frequently Asked Questions About Spok's Financials

When does Spok's financial year end?

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

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

Spok's net income appears to be on a downward trend, with a most recent value of $14.97 million in 2024, falling from $21.86 million in 2022. The previous period was $15.67 million in 2023. View Spok's forecast to see where analysts expect Spok to go next.

What is Spok's operating income?

Spok's total operating income in 2024 was $18.97 million, based on the following breakdown:

Total Gross Profit: $109.22 million
Total Operating Expenses: $90.26 million

How has Spok revenue changed over the last 2 years?

Over the last 2 years, Spok's total revenue changed from $134.53 million in 2022 to $137.65 million in 2024, a change of 2.3%.

How much debt does Spok have?

Spok's total liabilities were at $62.36 million at the end of 2024, a 2.4% decrease from 2023, and a 15.0% decrease since 2022.

How much cash does Spok have?

In the past 2 years, Spok's cash and equivalents has ranged from $29.15 million in 2024 to $35.75 million in 2022, and is currently $29.15 million as of their latest financial filing in 2024.

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

Over the last 2 years, Spok's book value per share changed from 8.68 in 2022 to 7.63 in 2024, a change of -12.1%.

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This page (NASDAQ:SPOK) was last updated on 5/21/2025 by MarketBeat.com Staff

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Spok (SPOK) Financials

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Spok (SPOK) Financials

Annual Income Statements for Spok

Quarterly Income Statements for Spok

Annual Cash Flow Statements for Spok

Quarterly Cash Flow Statements for Spok

Annual Balance Sheets for Spok

Quarterly Balance Sheets for Spok

Annual Metrics And Ratios for Spok

Quarterly Metrics And Ratios for Spok

Frequently Asked Questions About Spok's Financials

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