Emerald (EEX) Financials

$4.62 -0.08 (-1.62%)

As of 02:52 PM Eastern

Annual Income Statements for Emerald

This table shows Emerald'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	-11	-50	92
Consolidated Net Income / (Loss)	2.20	-8.00	131
Net Income / (Loss) Continuing Operations	2.20	-8.00	131
Total Pre-Tax Income	7.50	-2.90	158
Total Operating Income	47	35	180
Total Gross Profit	399	245	209
Total Revenue	399	383	326
Operating Revenue	399	383	326
Total Cost of Revenue	0.00	138	117
Total Operating Expenses	352	211	30
Selling, General & Admin Expense	170	168	145
Depreciation Expense	28	45	60
Other Operating Expenses / (Income)	146	-2.80	-183
Impairment Charge	7.30	0.00	7.90
Other Special Charges / (Income)	0.00	0.20	0.00
Total Other Income / (Expense), net	-39	-37	-22
Interest Expense	48	46	25
Interest & Investment Income	8.50	8.20	2.70
Other Income / (Expense), net	0.00	0.00	0.00
Income Tax Expense	5.30	5.30	27
Preferred Stock Dividends Declared	13	42	39
Basic Earnings per Share	($0.07)	($0.78)	$0.46
Weighted Average Basic Shares Outstanding	156.59M	63.96M	69.00M
Diluted Earnings per Share	($0.07)	($0.78)	$0.46
Weighted Average Diluted Shares Outstanding	156.59M	63.96M	69.15M
Weighted Average Basic & Diluted Shares Outstanding	200.05M	63.03M	67.88M

This table shows Emerald'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	15	5.10	-11	-4.80	0.30	-29	0.00	-19	-3.00	12	83
Consolidated Net Income / (Loss)	15	5.10	-11	-2.80	11	-18	11	-8.10	7.10	22	93
Net Income / (Loss) Continuing Operations	15	5.10	-11	-2.80	11	-18	11	-8.10	7.10	22	93
Total Pre-Tax Income	21	11	-15	-3.50	15	11	-12	-13	9.80	19	121
Total Operating Income	36	21	-4.70	6.40	24	20	-1.00	-1.00	17	27	127
Total Gross Profit	148	154	73	86	86	-36	73	87	122	34	40
Total Revenue	148	107	73	86	133	102	73	87	122	94	62
Operating Revenue	148	107	73	86	133	102	73	87	122	94	62
Total Cost of Revenue	0.00	-48	0.00	0.00	48	138	0.00	0.00	0.00	60	23
Total Operating Expenses	112	134	77	80	62	-56	74	88	106	7.50	-88
Selling, General & Admin Expense	54	35	41	40	56	36	42	42	49	17	49
Depreciation Expense	6.40	7.10	7.10	7.00	7.10	9.80	8.80	13	14	17	15
Other Operating Expenses / (Income)	51	91	23	33	-1.00	-102	23	33	43	-26	-151
Impairment Charge	0.00	-	6.30	-	-	-	0.00	-	-	-	0.00
Total Other Income / (Expense), net	-15	-9.50	-10	-9.90	-9.80	-8.30	-11	-12	-7.00	-7.20	-6.10
Interest Expense	17	11	12	12	12	12	12	14	8.00	9.00	6.80
Interest & Investment Income	2.30	1.90	2.20	2.10	2.30	3.20	1.60	2.30	1.10	1.70	0.80
Other Income / (Expense), net	0.00	-	0.00	0.00	0.00	0.30	-0.10	-0.10	-0.10	0.10	-0.10
Income Tax Expense	5.40	6.20	-3.70	-0.70	3.50	29	-22	-4.40	2.70	-3.10	28
Preferred Stock Dividends Declared	0.00	-	0.00	2.00	11	11	11	10	10	10	9.90
Basic Earnings per Share	$0.08	$0.01	($0.05)	($0.03)	$0.00	($0.45)	$0.00	($0.29)	($0.04)	$0.15	$0.42
Weighted Average Basic Shares Outstanding	200.60M	156.59M	203.89M	155.92M	63.04M	63.96M	63.59M	62.87M	67.28M	69.00M	68.43M
Diluted Earnings per Share	$0.08	$0.01	($0.05)	($0.03)	$0.00	($0.45)	$0.00	($0.29)	($0.04)	$0.16	$0.41
Weighted Average Diluted Shares Outstanding	200.84M	156.59M	203.89M	155.92M	65.21M	63.96M	63.59M	62.87M	67.28M	69.15M	68.64M
Weighted Average Basic & Diluted Shares Outstanding	198.86M	200.05M	202.98M	203.93M	203.84M	63.03M	62.89M	62.88M	62.87M	67.88M	67.61M

This table details how cash moves in and out of Emerald'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	-9.40	-35	7.90
Net Cash From Operating Activities	47	40	175
Net Cash From Continuing Operating Activities	47	40	175
Net Income / (Loss) Continuing Operations	2.20	-8.20	131
Consolidated Net Income / (Loss)	2.20	-8.20	131
Depreciation Expense	28	45	60
Amortization Expense	4.30	3.00	1.70
Non-Cash Adjustments To Reconcile Net Income	15	12	-13
Changes in Operating Assets and Liabilities, net	-2.90	-11	-4.10
Net Cash From Investing Activities	-25	-21	-48
Net Cash From Continuing Investing Activities	-25	-21	-48
Purchase of Property, Plant & Equipment	-1.30	-0.60	-1.80
Acquisitions	-25	-20	-46
Purchase of Investments	0.00	0.00	-50
Sale and/or Maturity of Investments	0.00	0.00	50
Other Investing Activities, net	1.00	0.00	0.00
Net Cash From Financing Activities	-31	-54	-119
Net Cash From Continuing Financing Activities	-31	-54	-119
Repayment of Debt	-4.20	-244	-105
Repurchase of Common Equity	-14	-17	-10
Payment of Dividends	-15	-17	0.00
Issuance of Debt	0.00	239	0.00
Issuance of Common Equity	1.50	0.20	0.10
Other Financing Activities, net	0.00	-16	-4.40
Cash Interest Paid	44	38	23
Cash Income Taxes Paid	4.60	6.90	26

This table details how cash moves in and out of Emerald'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	82	5.90	-4.30	6.40	-17	3.90	-4.40	-13	-22	-127	184
Net Cash From Operating Activities	13	21	9.10	9.80	7.30	16	8.50	7.30	8.90	-24	154
Net Cash From Continuing Operating Activities	13	21	9.10	9.80	7.30	16	8.50	7.30	8.90	-24	154
Net Income / (Loss) Continuing Operations	15	5.10	-11	-2.80	11	-18	11	-8.10	7.10	22	93
Consolidated Net Income / (Loss)	15	5.10	-11	-2.80	11	-18	11	-8.10	7.10	22	93
Depreciation Expense	6.40	7.10	7.10	7.00	7.10	9.80	8.80	13	14	17	15
Amortization Expense	0.70	1.00	1.10	1.10	1.10	1.10	1.00	0.50	0.40	0.70	0.40
Non-Cash Adjustments To Reconcile Net Income	6.60	2.30	7.90	-0.10	4.80	3.60	0.90	4.20	3.10	-20	-0.80
Changes in Operating Assets and Liabilities, net	-16	5.10	4.10	4.60	-17	19	-13	-2.20	-15	-43	46
Net Cash From Investing Activities	-21	-2.20	-5.90	-2.80	-14	-2.10	-3.00	-2.70	-13	-2.80	38
Net Cash From Continuing Investing Activities	-21	-2.20	-5.90	-2.80	-14	-2.10	-3.00	-2.70	-13	-2.80	38
Purchase of Property, Plant & Equipment	-0.20	-0.70	-0.10	-0.20	-0.30	-0.10	-	-0.20	-0.30	-0.30	-0.40
Acquisitions	-21	-1.50	-5.80	-3.60	-14	-2.00	-3.00	-2.50	-13	-2.50	-11
Other Investing Activities, net	0.00	-	-	-	-	-	-	-	-	-	-
Net Cash From Financing Activities	91	-13	-7.50	-0.60	-11	-9.60	-9.90	-17	-18	-101	-7.30
Net Cash From Continuing Financing Activities	91	-13	-7.50	-0.60	-11	-9.60	-9.90	-17	-18	-101	-7.30
Repayment of Debt	-171	-1.10	-1.00	-1.00	-1.10	-1.10	-1.40	-240	-0.60	-100	-1.40
Repurchase of Common Equity	-8.80	-8.40	-3.60	-	-1.80	-	-	-	-17	-0.20	-5.90
Payment of Dividends	-3.00	-3.00	-3.10	-	-8.60	-8.60	-8.60	-	0.00	-	-
Issuance of Debt	275	-	-	-	-	-	-	-	-	-	-
Issuance of Common Equity	0.10	-	0.20	0.40	0.90	0.10	0.10	-	0.00	-	-
Other Financing Activities, net	-1.70	-	-	-	-	-	-	-	-	-	-

This table presents Emerald'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	1,049	1,054	1,098
Total Current Assets	307	311	332
Cash & Equivalents	195	204	239
Accounts Receivable	83	85	75
Prepaid Expenses	30	22	18
Plant, Property, & Equipment, net	1.80	1.50	2.20
Total Noncurrent Assets	740	742	764
Goodwill	574	554	546
Intangible Assets	156	175	205
Other Noncurrent Operating Assets	10	13	14
Total Liabilities & Shareholders' Equity	1,049	1,054	1,098
Total Liabilities	663	649	659
Total Current Liabilities	241	230	222
Short-Term Debt	4.20	4.20	0.00
Accounts Payable	41	47	58
Current Deferred Revenue	191	174	151
Current Deferred & Payable Income Tax Liabilities	0.00	0.20	1.20
Other Current Liabilities	5.90	4.80	12
Total Noncurrent Liabilities	422	419	437
Long-Term Debt	399	399	414
Noncurrent Deferred & Payable Income Tax Liabilities	4.90	3.10	1.80
Other Noncurrent Operating Liabilities	18	17	21
Commitments & Contingencies	0.00	0.00	0.00
Redeemable Noncontrolling Interest	0.00	497	472
Total Equity & Noncontrolling Interests	386	-93	-33
Total Preferred & Common Equity	386	-93	-33
Total Common Equity	386	-93	-33
Common Stock	1,036	560	611
Retained Earnings	-650	-652	-644

This table presents Emerald'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	1,183	1,060	1,063	1,080	1,081	1,073	1,101	1,251
Total Current Assets	414	312	311	326	328	315	333	468
Cash & Equivalents	277	189	193	187	200	205	217	366
Accounts Receivable	122	86	94	123	79	92	105	83
Prepaid Expenses	15	37	24	17	49	18	11	19
Plant, Property, & Equipment, net	1.70	1.70	1.50	1.60	1.70	1.90	2.00	4.00
Total Noncurrent Assets	768	746	750	752	751	757	766	779
Goodwill	602	573	568	566	554	554	554	546
Intangible Assets	156	162	171	175	183	188	198	217
Other Noncurrent Operating Assets	10	10	11	12	14	15	13	17
Total Liabilities & Shareholders' Equity	1,183	1,060	1,063	1,080	1,081	1,073	1,101	1,251
Total Liabilities	791	669	655	672	652	648	669	835
Total Current Liabilities	260	247	233	247	232	226	230	303
Short-Term Debt	3.90	4.20	4.20	4.20	4.20	4.20	-	5.70
Accounts Payable	61	46	48	61	46	50	55	65
Current Deferred Revenue	185	190	176	175	176	162	162	167
Current Deferred & Payable Income Tax Liabilities	1.90	0.00	0.00	1.90	0.00	1.10	2.30	28
Other Current Liabilities	8.10	5.80	5.10	4.90	5.30	7.60	11	38
Total Noncurrent Liabilities	531	422	422	425	420	422	439	531
Long-Term Debt	503	399	399	399	399	399	414	508
Noncurrent Deferred & Payable Income Tax Liabilities	5.40	5.70	5.70	5.50	2.40	2.60	2.80	2.00
Other Noncurrent Operating Liabilities	23	18	18	20	19	21	22	22
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Redeemable Noncontrolling Interest	0.00	0.00	0.00	499	495	493	483	462
Total Equity & Noncontrolling Interests	392	391	408	-91	-66	-68	-51	-46
Total Preferred & Common Equity	392	391	408	-91	-66	-68	-51	-46
Total Common Equity	392	391	408	-91	-66	-68	-51	-46
Common Stock	1,027	1,046	1,052	551	569	578	586	620
Retained Earnings	-635	-655	-644	-641	-634	-645	-637	-667

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

Metric	2024	2023	2022
Period end date	12/31/2024	12/31/2023	12/31/2022
Growth Metrics	-	-	-
Revenue Growth	4.18%	17.46%	123.99%
EBITDA Growth	-3.99%	-65.68%	1,635.03%
EBIT Growth	34.87%	-80.70%	377.47%
NOPAT Growth	-43.48%	-83.68%	428.65%
Net Income Growth	127.50%	-106.12%	264.12%
EPS Growth	91.03%	-269.57%	128.40%
Operating Cash Flow Growth	16.13%	-76.98%	94.56%
Free Cash Flow Firm Growth	-33.80%	-73.63%	668.82%
Invested Capital Growth	-1.57%	-1.76%	2.64%
Revenue Q/Q Growth	1.35%	2.11%	19.20%
EBITDA Q/Q Growth	-2.70%	-13.31%	18.89%
EBIT Q/Q Growth	1.30%	-15.57%	22.48%
NOPAT Q/Q Growth	110.93%	-90.84%	30.34%
Net Income Q/Q Growth	110.58%	-124.92%	31.46%
EPS Q/Q Growth	86.79%	-358.82%	1,433.33%
Operating Cash Flow Q/Q Growth	11.96%	3,563.64%	-30.63%
Free Cash Flow Firm Q/Q Growth	123.53%	-82.16%	54.88%
Invested Capital Q/Q Growth	-1.85%	-4.53%	8.98%
Profitability Metrics	-	-	-
Gross Margin	100.00%	64.05%	64.25%
EBITDA Margin	19.91%	21.60%	73.95%
Operating Margin	11.74%	9.06%	55.17%
EBIT Margin	11.74%	9.06%	55.17%
Profit (Net Income) Margin	0.55%	-2.09%	40.14%
Tax Burden Percent	29.33%	275.86%	82.78%
Interest Burden Percent	16.03%	-8.36%	87.88%
Effective Tax Rate	70.67%	0.00%	17.22%
Return on Invested Capital (ROIC)	2.29%	3.99%	24.55%
ROIC Less NNEP Spread (ROIC-NNEP)	-3.38%	-13.30%	16.71%
Return on Net Nonoperating Assets (RNNOA)	-1.74%	-5.89%	10.22%
Return on Equity (ROE)	0.56%	-1.90%	34.78%
Cash Return on Invested Capital (CROIC)	3.88%	5.76%	21.95%
Operating Return on Assets (OROA)	4.45%	3.22%	16.64%
Return on Assets (ROA)	0.21%	-0.74%	12.11%
Return on Common Equity (ROCE)	0.21%	0.28%	-7.12%
Return on Equity Simple (ROE_SIMPLE)	0.57%	8.65%	-395.17%
Net Operating Profit after Tax (NOPAT)	14	24	149
NOPAT Margin	3.44%	6.35%	45.67%
Net Nonoperating Expense Percent (NNEP)	5.67%	17.29%	7.84%
Return On Investment Capital (ROIC_SIMPLE)	1.74%	7.83%	39.09%
Cost of Revenue to Revenue	0.00%	35.95%	35.75%
SG&A Expenses to Revenue	42.73%	43.97%	44.49%
R&D to Revenue	0.00%	0.00%	0.00%
Operating Expenses to Revenue	88.26%	55.04%	9.08%
Earnings before Interest and Taxes (EBIT)	47	35	180
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	79	83	241
Valuation Ratios	-	-	-
Price to Book Value (P/BV)	2.53	0.00	0.00
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00
Price to Revenue (P/Rev)	2.44	0.97	0.73
Price to Earnings (P/E)	0.00	0.00	2.58
Dividend Yield	0.62%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	38.83%
Enterprise Value to Invested Capital (EV/IC)	1.99	1.77	1.44
Enterprise Value to Revenue (EV/Rev)	2.97	2.79	2.71
Enterprise Value to EBITDA (EV/EBITDA)	14.89	12.92	3.67
Enterprise Value to EBIT (EV/EBIT)	25.27	30.78	4.92
Enterprise Value to NOPAT (EV/NOPAT)	86.14	43.98	5.94
Enterprise Value to Operating Cash Flow (EV/OCF)	25.27	26.51	5.05
Enterprise Value to Free Cash Flow (EV/FCFF)	50.91	30.44	6.65
Leverage & Solvency	-	-	-
Debt to Equity	1.04	1.00	0.94
Long-Term Debt to Equity	1.03	0.99	0.94
Financial Leverage	0.51	0.44	0.61
Leverage Ratio	2.66	2.55	2.87
Compound Leverage Factor	0.43	-0.21	2.52
Debt to Total Capital	51.07%	49.89%	48.51%
Short-Term Debt to Total Capital	0.53%	0.52%	0.00%
Long-Term Debt to Total Capital	50.53%	49.37%	48.51%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	61.56%	55.37%
Common Equity to Total Capital	48.93%	-11.46%	-3.88%
Debt to EBITDA	5.07	4.87	1.72
Net Debt to EBITDA	2.62	2.40	0.73
Long-Term Debt to EBITDA	5.02	4.82	1.72
Debt to NOPAT	29.33	16.59	2.78
Net Debt to NOPAT	15.14	8.18	1.17
Long-Term Debt to NOPAT	29.03	16.41	2.78
Altman Z-Score	0.62	0.04	0.35
Noncontrolling Interest Sharing Ratio	62.88%	114.88%	120.49%
Liquidity Ratios	-	-	-
Current Ratio	1.27	1.35	1.49
Quick Ratio	1.15	1.26	1.41
Cash Flow Metrics	-	-	-
Free Cash Flow to Firm (FCFF)	23	35	133
Operating Cash Flow to CapEx	3,600.00%	6,716.67%	9,727.78%
Free Cash Flow to Firm to Interest Expense	0.49	0.77	5.43
Operating Cash Flow to Interest Expense	0.98	0.88	7.15
Operating Cash Flow Less CapEx to Interest Expense	0.95	0.87	7.07
Efficiency Ratios	-	-	-
Asset Turnover	0.38	0.36	0.30
Accounts Receivable Turnover	4.76	4.78	5.37
Inventory Turnover	0.00	0.00	0.00
Fixed Asset Turnover	241.70	206.92	110.47
Accounts Payable Turnover	0.00	2.63	2.19
Days Sales Outstanding (DSO)	76.74	76.33	67.93
Days Inventory Outstanding (DIO)	0.00	0.00	0.00
Days Payable Outstanding (DPO)	0.00	138.86	166.68
Cash Conversion Cycle (CCC)	76.74	-62.54	-98.75
Capital & Investment Metrics	-	-	-
Invested Capital	594	603	614
Invested Capital Turnover	0.67	0.63	0.54
Increase / (Decrease) in Invested Capital	-9.50	-11	16
Enterprise Value (EV)	1,183	1,068	884
Market Capitalization	975	372	237
Book Value per Share	$1.90	($1.47)	($0.49)
Tangible Book Value per Share	($1.69)	($13.06)	($11.59)
Total Capital	789	808	853
Total Debt	403	403	414
Total Long-Term Debt	399	399	414
Net Debt	208	199	175
Capital Expenditures (CapEx)	1.30	0.60	1.80
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-125	-119	-130
Debt-free Net Working Capital (DFNWC)	70	85	110
Net Working Capital (NWC)	66	81	110
Net Nonoperating Expense (NNE)	12	32	18
Net Nonoperating Obligations (NNO)	208	199	175
Total Depreciation and Amortization (D&A)	33	48	61
Debt-free, Cash-free Net Working Capital to Revenue	-31.34%	-31.14%	-39.74%
Debt-free Net Working Capital to Revenue	17.50%	22.20%	33.63%
Net Working Capital to Revenue	16.45%	21.11%	33.63%
Earnings Adjustments	-	-	-
Adjusted Basic Earnings per Share	($0.07)	($0.78)	$0.46
Adjusted Weighted Average Basic Shares Outstanding	156.59M	63.96M	69.00M
Adjusted Diluted Earnings per Share	($0.07)	($0.78)	$0.46
Adjusted Weighted Average Diluted Shares Outstanding	156.59M	63.96M	69.15M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	200.05M	63.03M	67.88M
Normalized Net Operating Profit after Tax (NOPAT)	38	24	155
Normalized NOPAT Margin	9.50%	6.38%	47.68%
Pre Tax Income Margin	1.88%	-0.76%	48.48%
Debt Service Ratios	-	-	-
EBIT to Interest Expense	0.98	0.76	7.34
NOPAT to Interest Expense	0.29	0.53	6.08
EBIT Less CapEx to Interest Expense	0.95	0.75	7.27
NOPAT Less CapEx to Interest Expense	0.26	0.52	6.00
Payout Ratios	-	-	-
Dividend Payout Ratio	668.18%	-215.00%	0.00%
Augmented Payout Ratio	1,295.45%	-426.25%	7.95%

This table displays calculated financial ratios and metrics derived from Emerald'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	10.72%	5.22%	0.14%	-0.58%	9.08%	8.44%	16.19%	21.15%	24.16%	127.74%	-18.43%
EBITDA Growth	32.00%	-7.07%	-59.77%	17.89%	6.21%	-29.00%	-93.89%	-41.71%	-9.47%	711.11%	2,535.19%
EBIT Growth	47.33%	2.97%	-327.27%	681.82%	45.51%	-24.06%	-100.86%	-116.18%	-13.02%	509.23%	1,891.55%
NOPAT Growth	43.54%	130.04%	-370.00%	740.00%	51.46%	-201.59%	-100.72%	67.65%	-39.76%	775.97%	2,065.41%
Net Income Growth	39.09%	128.81%	-203.74%	65.43%	54.93%	-179.02%	-88.49%	-1,057.14%	-55.90%	351.69%	1,133.33%
EPS Growth	0.00%	102.22%	0.00%	89.66%	100.00%	-381.25%	-100.00%	-93.33%	-200.00%	159.26%	264.00%
Operating Cash Flow Growth	72.60%	32.05%	7.06%	34.25%	-17.98%	166.10%	-94.46%	-40.16%	-73.03%	-143.95%	1,498.96%
Free Cash Flow Firm Growth	30.56%	192.38%	134.17%	622.86%	271.43%	-236.71%	-199.60%	97.21%	-154.05%	-13.80%	-32.20%
Invested Capital Growth	-0.43%	-1.57%	-4.26%	-1.04%	-0.62%	-1.76%	12.14%	0.23%	4.18%	2.64%	5.29%
Revenue Q/Q Growth	38.30%	47.11%	-15.58%	-35.53%	31.43%	40.00%	-16.19%	-29.27%	30.66%	50.00%	-12.61%
EBITDA Q/Q Growth	48.44%	725.71%	-75.86%	-55.38%	4.50%	257.47%	-29.27%	-59.80%	-30.14%	-69.22%	574.41%
EBIT Q/Q Growth	72.12%	542.55%	-173.44%	-73.66%	20.30%	1,936.36%	0.00%	-106.59%	-37.22%	-79.09%	1,770.59%
NOPAT Q/Q Growth	181.87%	385.34%	-173.44%	-75.70%	159.00%	-4,363.78%	0.00%	-105.75%	-60.43%	-68.51%	4,614.65%
Net Income Q/Q Growth	200.00%	145.95%	-296.43%	-125.45%	161.45%	-265.42%	232.10%	-214.08%	-68.30%	-75.91%	13,385.71%
EPS Q/Q Growth	700.00%	120.00%	-66.67%	0.00%	100.00%	0.00%	100.00%	-625.00%	-125.00%	-60.98%	373.33%
Operating Cash Flow Q/Q Growth	-38.84%	126.37%	-7.14%	34.25%	-53.21%	83.53%	16.44%	-17.98%	137.71%	-115.37%	1,158.20%
Free Cash Flow Firm Q/Q Growth	54.39%	-20.00%	115.03%	-50.84%	209.23%	70.41%	-3,190.48%	83.88%	-187.11%	-78.44%	192.18%
Invested Capital Q/Q Growth	4.73%	-1.85%	-1.98%	-1.18%	3.53%	-4.53%	1.31%	-0.76%	2.34%	8.98%	-9.45%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	100.00%	144.48%	100.00%	100.00%	64.39%	-35.57%	100.00%	100.00%	100.00%	36.32%	63.62%
EBITDA Margin	29.05%	27.06%	4.82%	16.86%	24.36%	30.64%	12.00%	14.22%	25.02%	46.79%	228.04%
Operating Margin	24.24%	19.48%	-6.47%	7.44%	18.22%	19.61%	-1.38%	-1.16%	13.74%	28.31%	204.01%
EBIT Margin	24.24%	19.48%	-6.47%	7.44%	18.22%	19.90%	-1.52%	-1.27%	13.65%	28.42%	203.85%
Profit (Net Income) Margin	10.36%	4.78%	-15.29%	-3.26%	8.25%	-17.44%	14.76%	-9.36%	5.81%	23.93%	149.04%
Tax Burden Percent	73.91%	45.13%	75.00%	80.00%	75.86%	-155.26%	-92.24%	64.80%	72.45%	116.06%	76.73%
Interest Burden Percent	57.82%	54.33%	314.89%	-54.69%	59.67%	56.44%	1,054.55%	1,136.36%	58.68%	72.56%	95.28%
Effective Tax Rate	26.09%	54.87%	0.00%	0.00%	24.14%	257.02%	0.00%	0.00%	27.55%	-16.06%	23.27%
Return on Invested Capital (ROIC)	11.87%	5.86%	-2.88%	3.30%	8.69%	-19.36%	-0.61%	-0.47%	5.65%	17.67%	77.91%
ROIC Less NNEP Spread (ROIC-NNEP)	6.87%	3.75%	-6.63%	-0.27%	5.09%	-12.11%	5.91%	-3.48%	3.49%	14.03%	75.32%
Return on Net Nonoperating Assets (RNNOA)	3.83%	1.93%	-3.37%	-0.13%	2.50%	-5.36%	2.45%	-2.28%	2.15%	8.59%	36.90%
Return on Equity (ROE)	15.70%	7.78%	-6.25%	3.17%	11.19%	-24.72%	1.84%	-2.75%	7.81%	26.25%	114.81%
Cash Return on Invested Capital (CROIC)	4.87%	3.88%	-15.96%	1.79%	-15.47%	5.76%	32.92%	22.38%	18.91%	21.95%	15.64%
Operating Return on Assets (OROA)	8.85%	7.39%	-2.38%	2.74%	6.58%	7.08%	-0.49%	-0.42%	4.31%	8.57%	48.87%
Return on Assets (ROA)	3.78%	1.81%	-5.62%	-1.20%	2.98%	-6.20%	4.75%	-3.12%	1.83%	7.22%	35.73%
Return on Common Equity (ROCE)	5.91%	2.89%	-2.48%	1.30%	-1.89%	3.68%	-0.24%	0.70%	-1.68%	-5.38%	-23.29%
Return on Equity Simple (ROE_SIMPLE)	1.66%	0.00%	-5.32%	0.25%	4.74%	0.00%	-48.86%	-169.48%	-239.29%	0.00%	-215.84%
Net Operating Profit after Tax (NOPAT)	26	9.39	-3.29	4.48	18	-31	-0.70	-0.70	12	31	98
NOPAT Margin	17.92%	8.79%	-4.53%	5.21%	13.82%	-30.78%	-0.97%	-0.81%	9.95%	32.86%	156.54%
Net Nonoperating Expense Percent (NNEP)	5.01%	2.11%	3.75%	3.57%	3.60%	-7.25%	-6.52%	3.00%	2.16%	3.63%	2.59%
Return On Investment Capital (ROIC_SIMPLE)	2.94%	1.19%	-	-	-	-10.07%	-	-	-	8.08%	-
Cost of Revenue to Revenue	0.00%	-44.48%	0.00%	0.00%	35.61%	135.57%	0.00%	0.00%	0.00%	63.68%	36.38%
SG&A Expenses to Revenue	36.63%	32.40%	56.20%	45.93%	41.60%	35.57%	57.38%	48.32%	39.90%	18.59%	78.04%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	75.76%	125.00%	106.47%	92.56%	46.18%	-54.98%	101.38%	101.16%	86.26%	8.01%	-140.38%
Earnings before Interest and Taxes (EBIT)	36	21	-4.70	6.40	24	20	-1.10	-1.10	17	27	127
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	43	29	3.50	15	33	31	8.70	12	31	44	142
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.01	2.53	2.60	2.84	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	1.90	2.44	2.59	2.94	1.09	0.97	0.76	0.70	0.72	0.73	0.85
Price to Earnings (P/E)	174.71	0.00	0.00	0.00	0.00	0.00	0.00	3.48	3.07	2.58	3.79
Dividend Yield	1.15%	0.62%	0.30%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.57%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	28.75%	32.61%	38.83%	26.40%
Enterprise Value to Invested Capital (EV/IC)	1.63	1.99	2.04	2.21	1.83	1.77	1.55	1.52	1.48	1.44	1.50
Enterprise Value to Revenue (EV/Rev)	2.46	2.97	3.13	3.47	2.90	2.79	2.62	2.60	2.66	2.71	3.08
Enterprise Value to EBITDA (EV/EBITDA)	11.31	14.89	15.09	15.74	13.51	12.92	10.28	4.14	3.92	3.67	4.16
Enterprise Value to EBIT (EV/EBIT)	17.43	25.27	26.66	27.43	27.03	30.78	23.87	5.60	5.25	4.92	5.74
Enterprise Value to NOPAT (EV/NOPAT)	36.73	86.14	0.00	297.45	0.00	43.98	3.70	6.73	6.57	5.94	7.38
Enterprise Value to Operating Cash Flow (EV/OCF)	19.50	25.27	29.46	33.16	29.54	26.51	891.80	6.49	6.17	5.05	3.34
Enterprise Value to Free Cash Flow (EV/FCFF)	33.46	50.91	0.00	123.15	0.00	30.44	4.99	6.80	7.99	6.65	9.81
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.29	1.04	1.03	0.99	0.99	1.00	0.94	0.95	0.96	0.94	1.23
Long-Term Debt to Equity	1.28	1.03	1.02	0.98	0.98	0.99	0.93	0.94	0.96	0.94	1.22
Financial Leverage	0.56	0.51	0.51	0.49	0.49	0.44	0.41	0.65	0.62	0.61	0.49
Leverage Ratio	2.83	2.66	2.61	2.56	2.60	2.55	2.76	2.91	2.91	2.87	3.09
Compound Leverage Factor	1.63	1.45	8.22	-1.40	1.55	1.44	29.08	33.01	1.71	2.08	2.95
Debt to Total Capital	56.37%	51.07%	50.74%	49.70%	49.65%	49.89%	48.43%	48.66%	48.97%	48.51%	55.22%
Short-Term Debt to Total Capital	0.43%	0.53%	0.53%	0.52%	0.52%	0.52%	0.50%	0.51%	0.00%	0.00%	0.61%
Long-Term Debt to Total Capital	55.94%	50.53%	50.21%	49.19%	49.14%	49.37%	47.92%	48.15%	48.97%	48.51%	54.60%
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%	61.52%	61.56%	59.47%	59.49%	57.05%	55.37%	49.74%
Common Equity to Total Capital	43.63%	48.93%	49.26%	50.30%	-11.18%	-11.46%	-7.89%	-8.15%	-6.02%	-3.88%	-4.96%
Debt to EBITDA	5.64	5.07	4.94	4.64	4.76	4.87	4.22	1.76	1.74	1.72	2.53
Net Debt to EBITDA	2.56	2.62	2.62	2.41	2.55	2.40	2.12	0.87	0.83	0.73	0.73
Long-Term Debt to EBITDA	5.60	5.02	4.88	4.59	4.71	4.82	4.18	1.74	1.74	1.72	2.50
Debt to NOPAT	18.31	29.33	-3.21	87.71	-4.00	16.59	1.52	2.86	2.92	2.78	4.49
Net Debt to NOPAT	8.31	15.14	-1.70	45.64	-2.14	8.18	0.76	1.41	1.39	1.17	1.29
Long-Term Debt to NOPAT	18.17	29.03	-3.17	86.79	-3.95	16.41	1.50	2.83	2.92	2.78	4.44
Altman Z-Score	0.45	0.54	0.48	0.69	0.08	0.00	-0.11	-0.17	-0.10	-0.11	0.13
Noncontrolling Interest Sharing Ratio	62.35%	62.88%	60.33%	59.17%	116.86%	114.88%	113.22%	125.54%	121.50%	120.49%	120.29%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.59	1.27	1.27	1.34	1.32	1.35	1.42	1.39	1.45	1.49	1.54
Quick Ratio	1.53	1.15	1.12	1.23	1.25	1.26	1.20	1.32	1.40	1.41	1.48
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	29	19	24	11	22	-20	-69	-2.10	-13	15	69
Operating Cash Flow to CapEx	6,300.00%	2,942.86%	9,100.00%	4,900.00%	2,433.33%	15,600.00%	0.00%	3,650.00%	2,966.67%	-7,866.67%	38,375.00%
Free Cash Flow to Firm to Interest Expense	1.68	1.66	1.92	0.92	1.85	-1.73	-5.71	-0.15	-1.63	1.66	10.20
Operating Cash Flow to Interest Expense	0.72	1.81	0.74	0.82	0.60	1.32	0.70	0.53	1.11	-2.62	22.57
Operating Cash Flow Less CapEx to Interest Expense	0.71	1.75	0.73	0.80	0.58	1.31	0.70	0.52	1.08	-2.66	22.51
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.37	0.38	0.37	0.37	0.36	0.36	0.32	0.33	0.32	0.30	0.24
Accounts Receivable Turnover	3.38	4.76	4.77	4.23	3.46	4.78	4.65	4.24	3.66	5.37	4.49
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	250.36	241.70	231.47	231.41	218.83	206.92	131.54	119.61	109.28	110.47	70.10
Accounts Payable Turnover	0.00	0.00	4.00	3.76	3.20	2.63	1.07	1.41	1.43	2.19	1.22
Days Sales Outstanding (DSO)	108.15	76.74	76.52	86.33	105.59	76.33	78.57	86.00	99.68	67.93	81.24
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	0.00	0.00	91.20	97.12	114.17	138.86	340.50	258.12	255.90	166.68	298.98
Cash Conversion Cycle (CCC)	108.15	76.74	-14.68	-10.78	-8.58	-62.54	-261.93	-172.12	-156.22	-98.75	-217.74
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	622	594	605	617	625	603	632	624	629	614	564
Invested Capital Turnover	0.66	0.67	0.64	0.63	0.63	0.63	0.63	0.59	0.57	0.54	0.50
Increase / (Decrease) in Invested Capital	-2.70	-9.50	-27	-6.50	-3.90	-11	68	1.40	25	16	28
Enterprise Value (EV)	1,016	1,183	1,231	1,366	1,143	1,068	981	948	931	884	843
Market Capitalization	786	975	1,018	1,156	428	372	283	257	252	237	233
Book Value per Share	$1.96	$1.90	$1.92	$2.00	($1.44)	($1.47)	($1.04)	($1.07)	($0.75)	($0.49)	($0.67)
Tangible Book Value per Share	($1.83)	($1.69)	($1.69)	($1.63)	($13.19)	($13.06)	($12.76)	($12.88)	($11.83)	($11.59)	($11.69)
Total Capital	899	789	794	810	811	808	832	828	846	853	930
Total Debt	507	403	403	403	403	403	403	403	414	414	513
Total Long-Term Debt	503	399	399	399	399	399	399	399	414	414	508
Net Debt	230	208	214	210	216	199	203	198	197	175	147
Capital Expenditures (CapEx)	0.20	0.70	0.10	0.20	0.30	0.10	0.00	0.20	0.30	0.30	0.40
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-119	-125	-119	-111	-104	-119	-99	-112	-115	-130	-196
Debt-free Net Working Capital (DFNWC)	157	70	70	82	83	85	101	93	103	110	170
Net Working Capital (NWC)	154	66	66	78	79	81	97	89	103	110	164
Net Nonoperating Expense (NNE)	11	4.29	7.81	7.28	7.43	-14	-11	7.40	5.07	8.36	4.68
Net Nonoperating Obligations (NNO)	230	208	214	210	216	199	203	198	197	175	147
Total Depreciation and Amortization (D&A)	7.10	8.10	8.20	8.10	8.20	11	9.80	13	14	17	15
Debt-free, Cash-free Net Working Capital to Revenue	-28.90%	-31.34%	-30.22%	-28.16%	-26.30%	-31.14%	-26.49%	-30.56%	-32.77%	-39.74%	-71.73%
Debt-free Net Working Capital to Revenue	38.10%	17.50%	17.79%	20.95%	21.12%	22.20%	26.94%	25.55%	29.37%	33.63%	62.18%
Net Working Capital to Revenue	37.16%	16.45%	16.72%	19.88%	20.06%	21.11%	25.82%	24.40%	29.37%	33.63%	60.10%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.08	$0.01	($0.05)	($0.03)	$0.00	($0.45)	$0.00	($0.29)	($0.04)	$0.15	$0.42
Adjusted Weighted Average Basic Shares Outstanding	200.60M	156.59M	203.89M	155.92M	63.04M	63.96M	63.59M	62.87M	67.28M	69.00M	68.43M
Adjusted Diluted Earnings per Share	$0.08	$0.01	($0.05)	($0.03)	$0.00	($0.45)	$0.00	($0.29)	($0.04)	$0.16	$0.41
Adjusted Weighted Average Diluted Shares Outstanding	200.84M	156.59M	203.89M	155.92M	65.21M	63.96M	63.59M	62.87M	67.28M	69.15M	68.64M
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	198.86M	200.05M	202.98M	203.93M	203.84M	63.03M	62.89M	62.88M	62.87M	67.88M	67.61M
Normalized Net Operating Profit after Tax (NOPAT)	26	15	1.12	4.48	18	14	-0.70	-0.70	12	19	98
Normalized NOPAT Margin	17.92%	13.63%	1.54%	5.21%	13.82%	13.72%	-0.97%	-0.81%	9.95%	19.82%	156.54%
Pre Tax Income Margin	14.01%	10.58%	-20.39%	-4.07%	10.87%	11.23%	-16.00%	-14.45%	8.01%	20.62%	194.23%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	2.06	1.82	-0.38	0.53	2.01	1.71	-0.09	-0.08	2.09	2.96	18.71
NOPAT to Interest Expense	1.52	0.82	-0.27	0.37	1.52	-2.65	-0.06	-0.05	1.52	3.42	14.36
EBIT Less CapEx to Interest Expense	2.05	1.76	-0.39	0.52	1.98	1.70	-0.09	-0.09	2.05	2.92	18.65
NOPAT Less CapEx to Interest Expense	1.51	0.76	-0.28	0.36	1.50	-2.66	-0.06	-0.07	1.48	3.38	14.31
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	140.00%	668.18%	-97.60%	2,580.00%	-600.00%	-215.00%	26.79%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	460.00%	1,295.45%	-123.56%	2,760.00%	-641.86%	-426.25%	80.06%	20.10%	21.67%	7.95%	11.96%

Frequently Asked Questions About Emerald's Financials

When does Emerald's financial year end?

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

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

Emerald's net income appears to be on a downward trend, with a most recent value of $2.20 million in 2024, falling from $130.80 million in 2022. The previous period was -$8 million in 2023. See where experts think Emerald is headed by visiting Emerald's forecast page.

What is Emerald's operating income?

Emerald's total operating income in 2024 was $46.80 million, based on the following breakdown:

Total Gross Profit: $398.80 million
Total Operating Expenses: $352 million

How has Emerald revenue changed over the last 2 years?

Over the last 2 years, Emerald's total revenue changed from $325.90 million in 2022 to $398.80 million in 2024, a change of 22.4%.

How much debt does Emerald have?

Emerald's total liabilities were at $662.80 million at the end of 2024, a 2.1% increase from 2023, and a 0.6% increase since 2022.

How much cash does Emerald have?

In the past 2 years, Emerald's cash and equivalents has ranged from $194.80 million in 2024 to $239.10 million in 2022, and is currently $194.80 million as of their latest financial filing in 2024.

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

Over the last 2 years, Emerald's book value per share changed from -0.49 in 2022 to 1.90 in 2024, a change of -488.3%.

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This page (NYSE:EEX) was last updated on 5/28/2025 by MarketBeat.com Staff

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Emerald (EEX) Financials

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Emerald (EEX) Financials

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