Redwire (RDW) Financials

$14.06 -0.37 (-2.56%)

As of 01:20 PM Eastern

Annual Income Statements for Redwire

This table shows Redwire'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	-114	-27	-131
Consolidated Net Income / (Loss)	-114	-27	-131
Net Income / (Loss) Continuing Operations	-114	-27	-131
Total Pre-Tax Income	-116	-28	-139
Total Operating Income	-42	-16	-146
Total Gross Profit	44	58	29
Total Revenue	304	244	161
Operating Revenue	304	244	161
Total Cost of Revenue	260	186	132
Operating Cost of Revenue	260	186	132
Total Operating Expenses	87	74	175
Selling, General & Admin Expense	71	69	70
Research & Development Expense	6.13	4.98	4.94
Other Operating Expenses / (Income)	9.13	0.01	3.24
Total Other Income / (Expense), net	-74	-12	7.86
Interest & Investment Income	-13	-11	-8.22
Other Income / (Expense), net	-61	-1.50	16
Income Tax Expense	-2.02	-0.49	-7.97
Preferred Stock Dividends Declared	41	20	1.76
Net Income / (Loss) Attributable to Noncontrolling Interest	0.00	-0.00	-0.00
Basic Earnings per Share	($2.35)	($0.73)	($2.09)
Weighted Average Basic Shares Outstanding	66.15M	64.65M	63.32M
Diluted Earnings per Share	($2.35)	($0.73)	($2.09)
Weighted Average Diluted Shares Outstanding	66.15M	64.65M	63.32M
Weighted Average Basic & Diluted Shares Outstanding	75.57M	65.58M	64.28M

This table shows Redwire'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	-67	-21	-18	-8.10	-8.29	-6.25	-5.46	-7.26	-26	-10
Consolidated Net Income / (Loss)	-67	-21	-18	-8.10	-8.22	-6.33	-5.47	-7.26	-26	-10
Net Income / (Loss) Continuing Operations	-67	-21	-18	-8.10	-8.22	-6.33	-5.47	-7.26	-26	-10
Total Pre-Tax Income	-69	-21	-18	-7.99	-8.33	-6.58	-5.55	-7.29	-27	-13
Total Operating Income	-19	-13	-7.13	-3.58	-6.76	-2.72	-3.86	-2.22	-26	-10
Total Gross Profit	4.62	12	13	15	11	17	16	14	8.59	7.95
Total Revenue	70	69	78	88	63	63	60	58	54	37
Operating Revenue	70	69	78	88	63	63	60	58	54	37
Total Cost of Revenue	65	57	65	73	53	45	44	43	45	29
Operating Cost of Revenue	65	57	65	73	53	45	44	43	45	29
Total Operating Expenses	24	25	20	18	17	20	20	16	34	18
Selling, General & Admin Expense	18	18	18	17	16	18	18	16	17	15
Research & Development Expense	1.45	1.89	1.75	1.04	0.99	1.53	2.07	0.39	0.38	1.13
Other Operating Expenses / (Income)	3.73	5.12	0.28	0.00	-	0.00	0.00	0.01	1.32	1.82
Total Other Income / (Expense), net	-50	-8.92	-11	-4.41	-1.58	-3.86	-1.69	-5.07	-1.11	-2.24
Interest & Investment Income	-3.95	-3.61	-3.01	-2.92	-2.76	-2.63	-2.66	-2.64	-2.70	-2.40
Other Income / (Expense), net	-46	-5.31	-7.93	-1.49	1.19	-1.23	0.97	-2.43	1.58	0.16
Income Tax Expense	-1.67	-0.47	0.02	0.11	-0.12	-0.25	-0.09	-0.03	-1.02	-2.14
Preferred Stock Dividends Declared	25	3.38	9.70	3.04	7.98	2.87	4.80	4.37	-	0.00
Basic Earnings per Share	($1.39)	($0.37)	($0.42)	($0.17)	($0.25)	($0.14)	($0.16)	($0.18)	($0.43)	($0.16)
Weighted Average Basic Shares Outstanding	66.15M	66.53M	65.70M	65.57M	64.65M	64.80M	64.35M	64.28M	63.32M	63.46M
Diluted Earnings per Share	($1.39)	($0.37)	($0.42)	($0.17)	($0.25)	($0.14)	($0.16)	($0.18)	($0.43)	($0.16)
Weighted Average Diluted Shares Outstanding	66.15M	66.53M	65.70M	65.57M	64.65M	64.80M	64.35M	64.28M	63.32M	63.46M
Weighted Average Basic & Diluted Shares Outstanding	75.57M	66.54M	66.54M	65.58M	65.58M	64.80M	64.77M	64.28M	64.28M	63.85M

This table details how cash moves in and out of Redwire'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	19	1.96	7.79
Net Cash From Operating Activities	-17	1.23	-32
Net Cash From Continuing Operating Activities	-17	1.23	-32
Net Income / (Loss) Continuing Operations	-114	-27	-131
Consolidated Net Income / (Loss)	-114	-27	-131
Depreciation Expense	12	11	11
Amortization Expense	0.86	0.61	0.49
Non-Cash Adjustments To Reconcile Net Income	57	5.85	92
Changes in Operating Assets and Liabilities, net	27	11	-4.99
Net Cash From Investing Activities	-7.20	-8.33	-37
Net Cash From Continuing Investing Activities	-7.20	-8.33	-37
Purchase of Property, Plant & Equipment	-6.40	-5.62	-3.63
Acquisitions	-5.40	-2.71	-34
Divestitures	4.60	0.00	-
Net Cash From Financing Activities	44	9.06	77
Net Cash From Continuing Financing Activities	44	9.06	77
Repayment of Debt	-10	-27	-25
Repurchase of Common Equity	0.00	-0.05	-4.83
Issuance of Debt	46	37	23
Issuance of Common Equity	2.67	1.24	2.96
Other Financing Activities, net	5.20	-1.58	-0.54
Effect of Exchange Rate Changes	-0.38	-0.00	0.27

This table details how cash moves in and out of Redwire'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	5.98	12	-1.74	2.29	19	-0.37	-0.04	-17	21	-3.85
Net Cash From Operating Activities	7.06	-18	-9.51	2.76	16	-3.26	2.84	-14	-4.83	-11
Net Cash From Continuing Operating Activities	7.06	-18	-9.51	2.76	16	-3.26	2.84	-14	-4.60	-11
Net Income / (Loss) Continuing Operations	-67	-21	-18	-8.10	-8.22	-6.33	-5.47	-7.26	-26	-10
Consolidated Net Income / (Loss)	-67	-21	-18	-8.10	-8.22	-6.33	-5.47	-7.26	-26	-10
Depreciation Expense	3.15	2.86	2.93	2.75	2.75	2.89	2.62	2.47	2.45	1.78
Amortization Expense	0.27	0.24	0.18	0.17	0.16	0.28	0.03	0.15	0.15	0.14
Non-Cash Adjustments To Reconcile Net Income	51	-1.42	6.43	1.04	4.96	6.48	-1.30	-4.28	23	0.51
Changes in Operating Assets and Liabilities, net	20	1.61	-0.95	6.90	16	-6.57	6.97	-5.12	-4.31	-3.44
Net Cash From Investing Activities	-4.15	-3.59	2.91	-2.37	-3.11	-2.67	-1.75	-0.80	-34	-1.36
Net Cash From Continuing Investing Activities	-4.15	-3.59	2.91	-2.37	-3.11	-2.67	-1.75	-0.80	-34	-1.36
Purchase of Property, Plant & Equipment	-2.34	-1.59	-0.91	-1.56	-2.10	-1.30	-1.44	-0.79	-0.83	-0.90
Acquisitions	-1.81	-2.01	-0.77	-0.81	-1.02	-1.37	-0.31	-0.01	-33	-0.46
Net Cash From Financing Activities	3.44	33	4.90	2.03	6.77	5.73	-1.20	-2.24	60	8.78
Net Cash From Continuing Financing Activities	3.44	33	4.90	2.03	6.77	5.73	-1.20	-2.24	60	8.78
Repayment of Debt	-0.80	-0.78	-5.63	-2.91	-7.07	-6.30	-13	-1.17	-19	-2.57
Issuance of Debt	3.00	28	10	5.00	13	12	12	0.00	3.00	9.70
Issuance of Common Equity	2.12	0.02	-	-	1.16	0.08	-	-	-	1.73
Other Financing Activities, net	-0.89	6.14	-	-0.06	-0.32	-0.25	-	-1.01	-0.38	-0.08
Effect of Exchange Rate Changes	-0.37	0.18	-0.04	-0.14	0.08	-0.18	0.06	0.04	0.36	-0.02

This table presents Redwire'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	293	271	258
Total Current Assets	126	109	96
Cash & Equivalents	49	30	28
Accounts Receivable	22	32	27
Inventories, net	2.24	1.52	1.47
Prepaid Expenses	9.00	7.51	7.93
Current Deferred & Refundable Income Taxes	0.67	0.64	0.69
Other Current Assets	43	37	31
Plant, Property, & Equipment, net	18	16	13
Total Noncurrent Assets	149	146	149
Long-Term Investments	0.00	3.61	3.27
Goodwill	71	66	65
Intangible Assets	62	63	67
Noncurrent Deferred & Refundable Income Taxes	0.07	0.00	-
Other Noncurrent Operating Assets	16	14	14
Total Liabilities & Shareholders' Equity	293	271	258
Total Liabilities	345	218	188
Total Current Liabilities	149	112	95
Short-Term Debt	1.27	1.38	3.58
Accounts Payable	32	19	18
Accrued Expenses	24	33	37
Current Deferred Revenue	67	53	30
Other Current Liabilities	25	6.54	7.18
Total Noncurrent Liabilities	195	106	93
Long-Term Debt	124	87	75
Noncurrent Deferred & Payable Income Tax Liabilities	0.58	2.40	3.26
Other Noncurrent Operating Liabilities	70	17	15
Commitments & Contingencies	0.00	0.00	0.00
Redeemable Noncontrolling Interest	137	96	76
Total Equity & Noncontrolling Interests	-189	-43	-6.48
Total Preferred & Common Equity	-189	-44	-6.70
Preferred Stock	0.00	0.00	0.00
Total Common Equity	-189	-44	-6.70
Common Stock	162	188	198
Retained Earnings	-348	-234	-207
Treasury Stock	-3.57	-0.95	-0.38
Accumulated Other Comprehensive Income / (Loss)	1.34	2.90	2.08
Noncontrolling Interest	0.00	0.23	0.23

This table presents Redwire'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	290	260	260	244	251	245	184
Total Current Assets	127	105	100	84	89	85	49
Cash & Equivalents	43	31	33	11	11	11	7.03
Accounts Receivable	23	22	19	25	25	23	17
Inventories, net	2.06	1.83	1.61	1.69	1.28	1.45	2.03
Prepaid Expenses	12	7.03	6.56	6.77	7.18	7.12	6.77
Current Deferred & Refundable Income Taxes	0.64	0.64	0.64	0.69	0.69	0.69	0.69
Other Current Assets	46	43	40	40	43	41	16
Plant, Property, & Equipment, net	17	16	16	15	14	13	6.70
Total Noncurrent Assets	146	139	144	145	148	147	128
Long-Term Investments	0.00	0.00	3.59	3.24	3.50	3.26	-
Goodwill	73	65	65	64	65	65	57
Intangible Assets	63	62	62	63	64	65	56
Other Noncurrent Operating Assets	11	12	13	15	15	14	15
Total Liabilities & Shareholders' Equity	290	260	260	244	251	245	184
Total Liabilities	278	230	213	188	190	180	170
Total Current Liabilities	131	107	103	87	93	84	64
Short-Term Debt	1.76	0.78	0.78	1.98	0.78	1.68	4.48
Accounts Payable	20	28	28	14	17	14	18
Accrued Expenses	28	29	31	38	34	36	19
Current Deferred Revenue	57	44	37	27	34	25	17
Other Current Liabilities	25	6.03	6.67	6.35	7.34	7.21	5.27
Total Noncurrent Liabilities	147	123	110	100	97	96	106
Long-Term Debt	122	95	90	80	75	75	90
Noncurrent Deferred & Payable Income Tax Liabilities	2.38	2.44	2.44	2.20	2.99	3.17	1.64
Other Noncurrent Operating Liabilities	23	25	17	18	19	18	15
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Redeemable Noncontrolling Interest	109	109	96	85	85	76	-
Total Equity & Noncontrolling Interests	-96	-78	-50	-29	-24	-11	15
Total Preferred & Common Equity	-96	-78	-50	-29	-24	-12	15
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	-96	-78	-50	-29	-24	-12	15
Common Stock	184	181	191	196	193	200	196
Retained Earnings	-281	-260	-242	-226	-219	-214	-181
Treasury Stock	-2.69	-1.01	-1.01	-0.63	-0.38	-0.38	-
Accumulated Other Comprehensive Income / (Loss)	2.87	2.00	2.24	1.78	2.63	2.49	-0.56
Noncontrolling Interest	0.00	0.00	0.22	0.15	0.23	0.23	-

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

Metric	2024	2023	2022
Period end date	12/31/2024	12/31/2023	12/31/2022
Growth Metrics	-	-	-
Revenue Growth	24.73%	51.85%	16.68%
EBITDA Growth	-1,478.93%	95.18%	-113.83%
EBIT Growth	-503.18%	86.92%	-96.49%
NOPAT Growth	-171.42%	89.38%	-108.65%
Net Income Growth	-319.27%	79.13%	-112.26%
EPS Growth	-221.92%	65.07%	-53.68%
Operating Cash Flow Growth	-1,509.26%	103.89%	15.26%
Free Cash Flow Firm Growth	3,850.28%	97.38%	0.00%
Invested Capital Growth	-76.90%	-8.12%	-29.42%
Revenue Q/Q Growth	2.04%	4.18%	8.54%
EBITDA Q/Q Growth	-186.76%	76.82%	-8.49%
EBIT Q/Q Growth	-136.30%	52.22%	-7.17%
NOPAT Q/Q Growth	-40.78%	55.03%	-6.89%
Net Income Q/Q Growth	-106.49%	39.31%	-10.27%
EPS Q/Q Growth	-94.21%	19.78%	-14.21%
Operating Cash Flow Q/Q Growth	-98.92%	106.38%	-6.01%
Free Cash Flow Firm Q/Q Growth	379.15%	97.00%	0.00%
Invested Capital Q/Q Growth	-73.24%	-13.94%	14.61%
Profitability Metrics	-	-	-
Gross Margin	14.62%	23.78%	17.87%
EBITDA Margin	-29.69%	-2.35%	-73.87%
Operating Margin	-13.88%	-6.38%	-91.22%
EBIT Margin	-33.82%	-6.99%	-81.20%
Profit (Net Income) Margin	-37.59%	-11.18%	-81.36%
Tax Burden Percent	98.26%	98.25%	94.25%
Interest Burden Percent	113.11%	162.75%	106.30%
Effective Tax Rate	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	-44.79%	-9.73%	-72.74%
ROIC Less NNEP Spread (ROIC-NNEP)	-174.22%	-42.14%	-126.39%
Return on Net Nonoperating Assets (RNNOA)	-24,913.94%	-34.71%	-74.76%
Return on Equity (ROE)	-24,958.73%	-44.43%	-147.50%
Cash Return on Invested Capital (CROIC)	80.16%	-1.26%	-38.24%
Operating Return on Assets (OROA)	-36.48%	-6.45%	-50.20%
Return on Assets (ROA)	-40.54%	-10.31%	-50.29%
Return on Common Equity (ROCE)	6,327,502.18%	18.18%	-83.71%
Return on Equity Simple (ROE_SIMPLE)	60.57%	62.66%	1,949.26%
Net Operating Profit after Tax (NOPAT)	-30	-11	-103
NOPAT Margin	-9.71%	-4.46%	-63.85%
Net Nonoperating Expense Percent (NNEP)	129.43%	32.41%	53.66%
Return On Investment Capital (ROIC_SIMPLE)	46.90%	-24.22%	-
Cost of Revenue to Revenue	85.38%	76.22%	82.13%
SG&A Expenses to Revenue	23.48%	28.11%	43.81%
R&D to Revenue	2.02%	2.04%	3.08%
Operating Expenses to Revenue	28.50%	30.15%	109.09%
Earnings before Interest and Taxes (EBIT)	-103	-17	-130
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-90	-5.72	-119
Valuation Ratios	-	-	-
Price to Book Value (P/BV)	0.00	0.00	0.00
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00
Price to Revenue (P/Rev)	3.60	0.76	0.79
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)	52.88	3.13	2.14
Enterprise Value to Revenue (EV/Rev)	4.30	1.38	1.56
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	272.41	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	24.76	0.00	0.00
Leverage & Solvency	-	-	-
Debt to Equity	-2.42	1.67	1.12
Long-Term Debt to Equity	-2.40	1.64	1.07
Financial Leverage	143.00	0.82	0.59
Leverage Ratio	615.60	4.31	2.93
Compound Leverage Factor	696.30	7.02	3.12
Debt to Total Capital	170.32%	62.55%	52.84%
Short-Term Debt to Total Capital	1.72%	0.98%	2.41%
Long-Term Debt to Total Capital	168.60%	61.57%	50.43%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	185.32%	68.30%	51.68%
Common Equity to Total Capital	-255.64%	-30.85%	-4.52%
Debt to EBITDA	-1.39	-15.43	-0.66
Net Debt to EBITDA	-0.85	-9.50	-0.39
Long-Term Debt to EBITDA	-1.38	-15.18	-0.63
Debt to NOPAT	-4.26	-8.11	-0.76
Net Debt to NOPAT	-2.60	-4.99	-0.46
Long-Term Debt to NOPAT	-4.21	-7.98	-0.73
Altman Z-Score	0.03	-0.02	-1.76
Noncontrolling Interest Sharing Ratio	25,451.86%	140.92%	43.24%
Liquidity Ratios	-	-	-
Current Ratio	0.84	0.98	1.02
Quick Ratio	0.48	0.56	0.58
Cash Flow Metrics	-	-	-
Free Cash Flow to Firm (FCFF)	53	-1.41	-54
Operating Cash Flow to CapEx	-271.10%	21.90%	-873.06%
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	1.08	0.92	0.62
Accounts Receivable Turnover	11.20	8.25	7.47
Inventory Turnover	138.29	124.51	122.26
Fixed Asset Turnover	18.02	17.01	9.99
Accounts Payable Turnover	10.24	10.28	8.59
Days Sales Outstanding (DSO)	32.60	44.27	48.87
Days Inventory Outstanding (DIO)	2.64	2.93	2.99
Days Payable Outstanding (DPO)	35.64	35.51	42.51
Cash Conversion Cycle (CCC)	-0.40	11.69	9.34
Capital & Investment Metrics	-	-	-
Invested Capital	25	107	117
Invested Capital Turnover	4.61	2.18	1.14
Increase / (Decrease) in Invested Capital	-82	-9.47	-49
Enterprise Value (EV)	1,309	335	250
Market Capitalization	1,095	185	126
Book Value per Share	($2.84)	($0.67)	($0.10)
Tangible Book Value per Share	($4.83)	($2.66)	($2.16)
Total Capital	74	141	148
Total Debt	126	88	78
Total Long-Term Debt	124	87	75
Net Debt	77	54	47
Capital Expenditures (CapEx)	6.40	5.62	3.63
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-71	-32	-23
Debt-free Net Working Capital (DFNWC)	-22	-1.35	5.01
Net Working Capital (NWC)	-23	-2.72	1.43
Net Nonoperating Expense (NNE)	85	16	28
Net Nonoperating Obligations (NNO)	77	54	47
Total Depreciation and Amortization (D&A)	13	11	12
Debt-free, Cash-free Net Working Capital to Revenue	-23.42%	-12.97%	-14.52%
Debt-free Net Working Capital to Revenue	-7.28%	-0.55%	3.12%
Net Working Capital to Revenue	-7.70%	-1.12%	0.89%
Earnings Adjustments	-	-	-
Adjusted Basic Earnings per Share	($2.35)	($0.73)	($2.09)
Adjusted Weighted Average Basic Shares Outstanding	66.15M	64.65M	64.28M
Adjusted Diluted Earnings per Share	($2.35)	($0.73)	($2.09)
Adjusted Weighted Average Diluted Shares Outstanding	66.15M	64.65M	64.28M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	75.57M	65.58M	64.28M
Normalized Net Operating Profit after Tax (NOPAT)	-30	-11	-35
Normalized NOPAT Margin	-9.71%	-4.46%	-21.72%
Pre Tax Income Margin	-38.25%	-11.38%	-86.32%
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	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	-0.19%	-3.70%

This table displays calculated financial ratios and metrics derived from Redwire'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	9.57%	9.62%	29.97%	52.40%	18.21%	68.09%	63.63%	75.27%	30.75%	13.98%
EBITDA Growth	-2,212.57%	-1,771.16%	-4,862.24%	-5.56%	87.70%	90.45%	99.67%	86.44%	-75.34%	67.53%
EBIT Growth	-1,064.87%	-351.28%	-421.93%	-9.13%	76.98%	61.12%	96.27%	75.20%	-56.31%	63.85%
NOPAT Growth	-180.91%	-360.51%	-84.91%	-61.27%	73.79%	73.66%	95.84%	87.36%	-57.79%	66.78%
Net Income Growth	-717.54%	-231.37%	-230.96%	-11.55%	68.25%	39.32%	92.91%	58.03%	-88.74%	57.02%
EPS Growth	-456.00%	-164.29%	-162.50%	5.56%	41.86%	12.50%	86.89%	35.71%	-152.94%	70.91%
Operating Cash Flow Growth	-54.98%	-442.69%	-434.25%	119.68%	425.00%	71.04%	168.73%	-22.73%	-59.18%	21.04%
Free Cash Flow Firm Growth	1,356.91%	194.33%	178.83%	-35.47%	-84.48%	-213.23%	32.03%	168.90%	0.00%	114.28%
Invested Capital Growth	-76.90%	-25.71%	-22.55%	-20.66%	-8.12%	22.36%	26.98%	-23.19%	-29.42%	-22.17%
Revenue Q/Q Growth	1.34%	-12.13%	-11.03%	38.29%	1.39%	4.18%	4.33%	7.26%	44.18%	1.42%
EBITDA Q/Q Growth	-317.41%	-23.14%	-457.27%	19.26%	-237.74%	-226.56%	88.15%	90.59%	-162.11%	88.82%
EBIT Q/Q Growth	-264.15%	-18.31%	-197.16%	9.01%	-41.07%	-36.83%	37.87%	80.81%	-138.29%	86.86%
NOPAT Q/Q Growth	-51.70%	-75.48%	-99.33%	47.06%	-148.69%	29.54%	-73.85%	91.40%	-149.98%	88.88%
Net Income Q/Q Growth	-220.48%	-15.88%	-123.41%	1.46%	-29.90%	-15.74%	24.70%	71.95%	-148.26%	86.47%
EPS Q/Q Growth	-275.68%	11.90%	-147.06%	32.00%	-78.57%	12.50%	11.11%	58.14%	-168.75%	86.89%
Operating Cash Flow Q/Q Growth	139.98%	-85.88%	-443.92%	-82.38%	581.91%	-214.49%	120.24%	-190.97%	57.07%	-171.75%
Free Cash Flow Firm Q/Q Growth	197.18%	2.57%	-4.61%	401.05%	119.24%	14.29%	-178.09%	20.48%	40.41%	151.45%
Invested Capital Q/Q Growth	-73.24%	-2.66%	-5.82%	-5.84%	-13.94%	1.49%	-3.53%	9.04%	14.61%	5.32%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	6.65%	17.52%	16.62%	16.89%	16.90%	27.34%	26.46%	24.68%	16.00%	21.34%
EBITDA Margin	-88.37%	-21.45%	-15.31%	-2.44%	-4.19%	-1.26%	-0.40%	-3.53%	-40.23%	-22.13%
Operating Margin	-27.29%	-18.23%	-9.13%	-4.07%	-10.64%	-4.34%	-6.42%	-3.85%	-48.01%	-27.69%
EBIT Margin	-93.29%	-25.96%	-19.28%	-5.77%	-8.78%	-6.31%	-4.80%	-8.06%	-45.07%	-27.27%
Profit (Net Income) Margin	-96.56%	-30.54%	-23.16%	-9.22%	-12.94%	-10.10%	-9.09%	-12.60%	-48.18%	-27.98%
Tax Burden Percent	97.57%	97.80%	100.08%	101.36%	98.60%	96.15%	98.47%	99.57%	96.20%	83.00%
Interest Burden Percent	106.08%	120.26%	119.98%	157.57%	149.58%	166.57%	192.31%	156.92%	111.14%	123.64%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	-88.07%	-35.05%	-17.14%	-6.85%	-16.23%	-6.28%	-8.55%	-3.41%	-38.28%	-24.66%
ROIC Less NNEP Spread (ROIC-NNEP)	-170.34%	-51.53%	-37.98%	-16.45%	-23.13%	-12.00%	-12.59%	-11.96%	-53.23%	-29.26%
Return on Net Nonoperating Assets (RNNOA)	-24,359.27%	-110.61%	-51.88%	-17.19%	-19.05%	-25.97%	-20.81%	-10.03%	-31.48%	-43.80%
Return on Equity (ROE)	-24,447.34%	-145.66%	-69.02%	-24.04%	-35.29%	-32.26%	-29.36%	-13.44%	-69.77%	-68.47%
Cash Return on Invested Capital (CROIC)	80.16%	10.17%	12.44%	12.66%	-1.26%	-41.50%	-50.69%	-36.48%	-38.24%	0.00%
Operating Return on Assets (OROA)	-100.63%	-28.97%	-22.01%	-6.27%	-8.09%	-6.89%	-4.66%	-5.92%	-27.86%	-20.15%
Return on Assets (ROA)	-104.15%	-34.07%	-26.43%	-10.01%	-11.93%	-11.03%	-8.83%	-9.25%	-29.78%	-20.68%
Return on Common Equity (ROCE)	6,197,854.90%	264.56%	76.73%	13.23%	14.44%	6.34%	1.04%	-6.97%	-39.60%	-68.47%
Return on Equity Simple (ROE_SIMPLE)	0.00%	57.41%	52.03%	56.44%	0.00%	155.71%	203.97%	1,040.87%	0.00%	-800.20%
Net Operating Profit after Tax (NOPAT)	-13	-8.76	-4.99	-2.50	-4.73	-1.90	-2.70	-1.55	-18	-7.22
NOPAT Margin	-19.10%	-12.76%	-6.39%	-2.85%	-7.45%	-3.04%	-4.49%	-2.70%	-33.61%	-19.38%
Net Nonoperating Expense Percent (NNEP)	82.27%	16.48%	20.84%	9.60%	6.90%	5.72%	4.05%	8.55%	14.94%	4.59%
Return On Investment Capital (ROIC_SIMPLE)	21.10%	-	-	-	-10.53%	-	-	-	-	-
Cost of Revenue to Revenue	93.35%	82.48%	83.38%	83.11%	83.10%	72.66%	73.54%	75.32%	84.00%	78.66%
SG&A Expenses to Revenue	26.49%	25.53%	23.16%	19.78%	25.99%	29.23%	29.43%	27.84%	30.76%	41.11%
R&D to Revenue	2.08%	2.76%	2.24%	1.18%	1.56%	2.45%	3.44%	0.67%	0.70%	3.04%
Operating Expenses to Revenue	33.93%	35.75%	25.75%	20.96%	27.55%	31.68%	32.88%	28.53%	64.01%	49.03%
Earnings before Interest and Taxes (EBIT)	-65	-18	-15	-5.07	-5.57	-3.95	-2.89	-4.65	-24	-10
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-61	-15	-12	-2.15	-2.66	-0.79	-0.24	-2.03	-22	-8.24
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	10.17
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
Price to Revenue (P/Rev)	3.60	1.53	1.61	1.05	0.76	0.80	0.79	1.05	0.79	1.02
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)	52.88	6.98	6.77	4.35	3.13	2.73	2.53	2.62	2.14	2.33
Enterprise Value to Revenue (EV/Rev)	4.30	2.17	2.20	1.60	1.38	1.46	1.49	1.80	1.56	1.61
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	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)	0.00	0.00	113.03	24.31	272.41	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	24.76	58.55	47.53	30.37	0.00	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	-2.42	10.05	3.14	1.95	1.67	1.44	1.23	1.18	1.12	6.35
Long-Term Debt to Equity	-2.40	9.90	3.11	1.93	1.64	1.41	1.22	1.15	1.07	6.05
Financial Leverage	143.00	2.15	1.37	1.04	0.82	2.16	1.65	0.84	0.59	1.50
Leverage Ratio	615.60	7.75	5.56	4.52	4.31	5.99	5.20	3.17	2.93	4.30
Compound Leverage Factor	653.03	9.31	6.67	7.13	6.45	9.99	10.00	4.98	3.26	5.32
Debt to Total Capital	170.32%	90.95%	75.82%	66.05%	62.55%	59.10%	55.18%	54.12%	52.84%	86.39%
Short-Term Debt to Total Capital	1.72%	1.30%	0.62%	0.57%	0.98%	1.43%	0.57%	1.18%	2.41%	4.11%
Long-Term Debt to Total Capital	168.60%	89.65%	75.20%	65.48%	61.57%	57.67%	54.61%	52.94%	50.43%	82.28%
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	185.32%	80.16%	86.37%	70.28%	68.30%	61.72%	62.31%	54.05%	51.68%	0.00%
Common Equity to Total Capital	-255.64%	-71.11%	-62.19%	-36.33%	-30.85%	-20.81%	-17.49%	-8.18%	-4.52%	13.61%
Debt to EBITDA	-1.39	-3.92	-5.44	-15.52	-15.43	-3.32	-2.36	-0.73	-0.66	-0.86
Net Debt to EBITDA	-0.85	-2.55	-3.68	-9.32	-9.50	-2.75	-1.90	-0.59	-0.39	-0.80
Long-Term Debt to EBITDA	-1.38	-3.86	-5.39	-15.39	-15.18	-3.24	-2.34	-0.71	-0.63	-0.82
Debt to NOPAT	-4.26	-5.88	-6.76	-7.65	-8.11	-3.38	-2.57	-0.84	-0.76	-0.98
Net Debt to NOPAT	-2.60	-3.82	-4.57	-4.59	-4.99	-2.80	-2.07	-0.68	-0.46	-0.91
Long-Term Debt to NOPAT	-4.21	-5.79	-6.70	-7.58	-7.98	-3.30	-2.54	-0.82	-0.73	-0.93
Altman Z-Score	0.45	0.44	0.75	0.48	0.12	0.20	0.07	0.12	-0.40	-0.31
Noncontrolling Interest Sharing Ratio	25,451.86%	281.63%	211.17%	155.02%	140.92%	119.65%	103.55%	48.11%	43.24%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.84	0.97	0.98	0.97	0.98	0.97	0.96	1.01	1.02	0.78
Quick Ratio	0.48	0.50	0.49	0.50	0.56	0.41	0.39	0.41	0.58	0.37
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	69	23	23	24	4.74	-25	-29	37	31	22
Operating Cash Flow to CapEx	302.53%	-1,112.02%	-1,040.04%	177.07%	748.62%	-250.27%	198.05%	-1,785.01%	-579.59%	-1,256.42%
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	1.08	1.12	1.14	1.09	0.92	1.09	0.97	0.73	0.62	0.74
Accounts Receivable Turnover	11.20	12.60	12.28	12.90	8.25	11.37	10.93	10.45	7.47	10.99
Inventory Turnover	138.29	132.26	152.18	140.61	124.51	95.90	109.38	119.28	122.26	91.37
Fixed Asset Turnover	18.02	18.89	19.62	19.02	17.01	21.94	21.19	11.69	9.99	25.66
Accounts Payable Turnover	10.24	14.51	10.58	10.23	10.28	11.21	9.18	10.55	8.59	9.64
Days Sales Outstanding (DSO)	32.60	28.96	29.73	28.29	44.27	32.10	33.41	34.93	48.87	33.21
Days Inventory Outstanding (DIO)	2.64	2.76	2.40	2.60	2.93	3.81	3.34	3.06	2.99	3.99
Days Payable Outstanding (DPO)	35.64	25.16	34.51	35.69	35.51	32.55	39.77	34.59	42.51	37.86
Cash Conversion Cycle (CCC)	-0.40	6.56	-2.37	-4.80	11.69	3.36	-3.02	3.40	9.34	-0.66
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	25	92	95	101	107	125	123	127	117	102
Invested Capital Turnover	4.61	2.75	2.68	2.40	2.18	2.07	1.90	1.27	1.14	1.27
Increase / (Decrease) in Invested Capital	-82	-32	-28	-26	-9.47	23	26	-38	-49	-29
Enterprise Value (EV)	1,309	646	643	439	335	341	311	334	250	238
Market Capitalization	1,095	457	470	288	185	187	164	195	126	151
Book Value per Share	($2.84)	($1.45)	($1.19)	($0.76)	($0.67)	($0.45)	($0.37)	($0.18)	($0.10)	$0.23
Tangible Book Value per Share	($4.83)	($3.48)	($3.13)	($2.70)	($2.66)	($2.41)	($2.39)	($2.22)	($2.16)	($1.55)
Total Capital	74	136	126	137	141	139	137	142	148	109
Total Debt	126	123	95	91	88	82	76	77	78	94
Total Long-Term Debt	124	122	95	90	87	80	75	75	75	90
Net Debt	77	80	65	54	54	68	61	62	47	87
Capital Expenditures (CapEx)	2.34	1.59	0.91	1.56	2.10	1.30	1.44	0.79	0.83	0.90
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-71	-46	-32	-35	-32	-12	-15	-9.07	-23	-17
Debt-free Net Working Capital (DFNWC)	-22	-2.72	-1.21	-2.72	-1.35	-0.85	-3.28	2.21	5.01	-9.79
Net Working Capital (NWC)	-23	-4.49	-1.99	-3.50	-2.72	-2.83	-4.06	0.53	1.43	-14
Net Nonoperating Expense (NNE)	54	12	13	5.59	3.49	4.42	2.77	5.71	7.83	3.20
Net Nonoperating Obligations (NNO)	77	80	65	54	54	68	61	62	47	87
Total Depreciation and Amortization (D&A)	3.43	3.10	3.10	2.92	2.91	3.16	2.65	2.61	2.60	1.91
Debt-free, Cash-free Net Working Capital to Revenue	-23.42%	-15.37%	-10.97%	-12.88%	-12.97%	-5.00%	-6.95%	-4.89%	-14.52%	-11.37%
Debt-free Net Working Capital to Revenue	-7.28%	-0.91%	-0.41%	-0.99%	-0.55%	-0.36%	-1.57%	1.19%	3.12%	-6.62%
Net Working Capital to Revenue	-7.70%	-1.50%	-0.68%	-1.28%	-1.12%	-1.21%	-1.95%	0.29%	0.89%	-9.64%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($1.39)	($0.37)	($0.42)	($0.17)	($0.25)	($0.14)	($0.16)	($0.18)	($0.43)	($0.16)
Adjusted Weighted Average Basic Shares Outstanding	66.15M	66.53M	65.70M	65.57M	64.65M	64.80M	64.35M	64.28M	63.32M	63.46M
Adjusted Diluted Earnings per Share	($1.39)	($0.37)	($0.42)	($0.17)	($0.25)	($0.14)	($0.16)	($0.18)	($0.43)	($0.16)
Adjusted Weighted Average Diluted Shares Outstanding	66.15M	66.53M	65.70M	65.57M	64.65M	64.80M	64.35M	64.28M	63.32M	63.46M
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	75.57M	66.54M	66.54M	65.58M	65.58M	64.80M	64.77M	64.28M	64.28M	63.85M
Normalized Net Operating Profit after Tax (NOPAT)	-13	-8.76	-4.99	-2.50	-4.73	-1.90	-2.70	-1.55	-18	-7.22
Normalized NOPAT Margin	-19.10%	-12.76%	-6.39%	-2.85%	-7.45%	-3.04%	-4.49%	-2.70%	-33.61%	-19.38%
Pre Tax Income Margin	-98.97%	-31.22%	-23.14%	-9.10%	-13.13%	-10.51%	-9.23%	-12.65%	-50.09%	-33.71%
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	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.00%	0.00%	0.00%	-0.19%	0.00%	0.00%	0.00%	-3.70%	0.00%

Frequently Asked Questions About Redwire's Financials

When does Redwire's fiscal year end?

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

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

Redwire's net income appears to be on a downward trend, with a most recent value of -$114.31 million in 2024, falling from -$130.62 million in 2022. The previous period was -$27.26 million in 2023. Find out what analysts predict for Redwire in the coming months.

What is Redwire's operating income?

Redwire's total operating income in 2024 was -$42.20 million, based on the following breakdown:

Total Gross Profit: $44.46 million
Total Operating Expenses: $86.66 million

How has Redwire revenue changed over the last 2 years?

Over the last 2 years, Redwire's total revenue changed from $160.55 million in 2022 to $304.10 million in 2024, a change of 89.4%.

How much debt does Redwire have?

Redwire's total liabilities were at $344.53 million at the end of 2024, a 57.7% increase from 2023, and a 83.4% increase since 2022.

How much cash does Redwire have?

In the past 2 years, Redwire's cash and equivalents has ranged from $28.32 million in 2022 to $49.07 million in 2024, and is currently $49.07 million as of their latest financial filing in 2024.

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

Over the last 2 years, Redwire's book value per share changed from -0.10 in 2022 to -2.84 in 2024, a change of 2,603.6%.

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This page (NYSE:RDW) was last updated on 5/30/2025 by MarketBeat.com Staff

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