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Steelcase (SCS) Financials

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$9.92 +0.05 (+0.51%)
Closing price 05/7/2025 03:59 PM Eastern
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$10.03 +0.11 (+1.10%)
As of 04:00 AM Eastern
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Annual Income Statements for Steelcase

Annual Income Statements for Steelcase

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

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 2/27/2015 2/26/2016 2/24/2017 2/23/2018 2/22/2019 2/28/2020 2/26/2021 2/25/2022 2/24/2023 2/23/2024 2/28/2025
Net Income / (Loss) Attributable to Common Shareholders		 86 170 125 81 126 200 26 4.00 35 81 121
Consolidated Net Income / (Loss)		 86 170 125 81 126 200 26 4.00 35 81 121
Net Income / (Loss) Continuing Operations		 86 170 125 81 126 200 26 4.00 35 81 121
Total Pre-Tax Income 		137 175 196 162 164 245 26 1.60 52 107 134
Total Operating Income		 145 175 196 155 184 257 43 20 66 118 158
Total Gross Profit		 913 965 1,007 1,005 1,088 1,215 763 762 919 1,012 1,047
Total Revenue		 3,060 3,060 3,032 3,056 3,443 3,724 2,596 2,773 3,233 3,160 3,166
Operating Revenue		 3,060 3,060 3,032 3,056 3,443 3,724 2,596 2,773 3,233 3,160 3,166
Total Cost of Revenue		 2,147 2,095 2,026 2,050 2,355 2,509 1,833 2,011 2,313 2,147 2,120
Operating Cost of Revenue		 2,106 2,076 2,021 2,050 2,355 2,509 1,833 2,011 2,313 2,147 2,120
Total Operating Expenses		 768 790 811 850 904 958 720 741 854 895 888
Other Operating Expenses / (Income)		 - - - - - 958 - 741 837 877 888
Restructuring Charge		 - - - - 0.00 - 18 0.00 17 18 0.40
Total Other Income / (Expense), net		 -7.90 0.20 0.10 6.30 -20 -12 -17 -19 -14 -11 -24
Interest Expense		 18 18 17 18 38 27 27 26 28 26 26
Interest & Investment Income		 1.40 1.50 1.40 1.50 2.90 5.40 1.40 0.60 1.00 6.50 14
Other Income / (Expense), net		 8.40 16 16 22 15 10 8.60 6.60 14 8.70 -12
Income Tax Expense		 51 4.50 72 81 38 46 -0.20 -2.40 16 26 14
Basic Earnings per Share		 $0.69 $1.37 $1.03 $0.68 $1.06 $1.67 $0.22 $0.03 $0.30 $0.68 $1.02
Weighted Average Basic Shares Outstanding		 122.10M 121.80M 118.40M 116.90M 116.70M 114.76M 115.66M 112.73M 113.95M 114.73M 114.64M
Diluted Earnings per Share		 $0.68 $1.36 $1.03 $0.68 $1.05 $1.66 $0.22 $0.03 $0.30 $0.68 $1.02
Weighted Average Diluted Shares Outstanding		 122.10M 121.80M 118.40M 116.90M 116.70M 114.76M 115.66M 112.73M 113.95M 114.73M 114.64M
Weighted Average Basic & Diluted Shares Outstanding		 122.10M 121.80M 118.40M 116.90M 116.70M 114.76M 115.66M 112.73M 113.95M 114.73M 114.64M
Cash Dividends to Common per Share		 $0.42 $0.45 $0.48 $0.51 $0.54 $0.58 $0.37 $0.54 $0.49 $0.40 $0.40

Quarterly Income Statements for Steelcase

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

Metric Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025
Period end date 8/26/2022 11/25/2022 2/24/2023 5/26/2023 8/25/2023 11/24/2023 2/23/2024 5/24/2024 8/23/2024 11/22/2024 2/28/2025
Net Income / (Loss) Attributable to Common Shareholders		 20 11 16 1.50 28 31 21 11 63 19 28
Consolidated Net Income / (Loss)		 20 11 16 1.50 28 31 21 11 63 19 28
Net Income / (Loss) Continuing Operations		 20 11 16 1.50 28 31 21 11 63 19 28
Total Pre-Tax Income 		26 17 24 2.90 37 41 27 14 86 26 8.10
Total Operating Income		 29 21 29 7.30 41 44 26 18 90 41 9.50
Total Gross Profit		 251 238 239 235 283 252 242 234 295 265 251
Total Revenue		 863 827 802 752 855 778 775 727 856 795 788
Operating Revenue		 863 827 802 752 855 778 775 727 856 795 788
Total Cost of Revenue		 613 589 563 517 571 526 533 493 560 530 537
Operating Cost of Revenue		 613 589 563 517 571 526 533 493 560 530 537
Total Operating Expenses		 222 217 211 227 242 209 216 217 205 224 242
Other Operating Expenses / (Income)		 221 208 207 221 236 207 214 218 205 224 242
Restructuring Charge		 0.50 9.20 3.70 6.70 6.50 2.00 2.90 -0.70 0.30 0.60 0.20
Total Other Income / (Expense), net		 -2.50 -3.90 -4.30 -4.40 -4.00 -3.20 0.90 -3.50 -4.10 -15 -1.40
Interest Expense		 7.20 7.60 7.20 6.60 6.60 6.40 6.30 6.20 6.40 6.30 6.80
Interest & Investment Income		 0.30 0.30 0.30 0.50 0.80 2.30 2.90 2.40 2.90 4.00 4.50
Other Income / (Expense), net		 4.40 3.40 2.60 1.70 1.80 0.90 4.30 0.30 -0.60 -13 0.90
Income Tax Expense		 6.80 5.20 8.70 1.40 9.50 9.80 5.30 3.20 23 7.00 -20
Basic Earnings per Share		 $0.17 $0.10 $0.13 $0.01 $0.23 $0.26 $0.18 $0.09 $0.53 $0.16 $0.24
Weighted Average Basic Shares Outstanding		 112.78M 112.99M 113.95M 114.00M 114.06M 114.22M 114.73M 114.13M 113.97M 113.72M 114.64M
Diluted Earnings per Share		 $0.17 $0.10 $0.13 $0.01 $0.23 $0.26 $0.18 $0.09 $0.53 $0.16 $0.24
Weighted Average Diluted Shares Outstanding		 112.78M 112.99M 113.95M 114.00M 114.06M 114.22M 114.73M 114.13M 113.97M 113.72M 114.64M
Weighted Average Basic & Diluted Shares Outstanding		 112.78M 112.99M 113.95M 114.00M 114.06M 114.22M 114.73M 114.13M 113.97M 113.72M 114.64M
Cash Dividends to Common per Share		 $0.15 $0.10 $0.10 $0.10 $0.10 $0.10 $0.10 $0.10 $0.10 $0.10 $0.10

Annual Cash Flow Statements for Steelcase

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

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 2/27/2015 2/26/2016 2/24/2017 2/23/2018 2/22/2019 2/28/2020 2/26/2021 2/25/2022 2/24/2023 2/23/2024 2/28/2025
Net Change in Cash & Equivalents		 -25 5.40 15 86 -21 282 -52 -289 -110 229 28
Net Cash From Operating Activities		 84 186 171 227 131 361 65 -103 89 309 149
Net Cash From Continuing Operating Activities		 108 186 171 227 131 361 65 -103 89 309 149
Net Income / (Loss) Continuing Operations		 86 170 125 81 126 200 26 4.00 35 81 121
Consolidated Net Income / (Loss)		 86 170 125 81 126 200 26 4.00 35 81 121
Depreciation Expense		 60 66 60 66 82 86 85 83 90 84 81
Non-Cash Adjustments To Reconcile Net Income		 -31 2.40 -7.30 1.80 0.50 -2.60 63 1.00 28 38 -52
Changes in Operating Assets and Liabilities, net		 -31 -52 -6.90 79 -77 78 -109 -191 -64 106 -1.00
Net Cash From Investing Activities		 -14 -88 -48 -48 -272 4.50 -31 -66 -135 6.10 -35
Net Cash From Continuing Investing Activities		 -14 -88 -48 89 181 4.50 -31 -66 -135 6.10 -35
Purchase of Property, Plant & Equipment		 -98 -93 -61 -88 -81 -73 -41 -61 -59 -47 -47
Acquisitions		 - -6.90 -4.00 -68 -227 -3.70 -3.80 -33 -105 0.00 0.00
Purchase of Investments		 -91 -106 -113 -52 - - - - - - -48
Sale of Property, Plant & Equipment		 20 - 1.90 7.90 21 1.80 7.40 17 9.90 49 44
Sale and/or Maturity of Investments		 149 95 127 126 - - - - - - 7.50
Other Investing Activities, net		 5.80 5.10 0.80 4.20 16 7.20 7.10 10 20 3.80 8.80
Net Cash From Financing Activities		 -90 -90 -106 -98 122 -82 -88 -120 -63 -86 -84
Net Cash From Continuing Financing Activities		 -90 -90 -106 -98 122 -82 -88 -120 -63 -86 -84
Repayment of Debt		 -2.60 -35 -2.30 -2.70 -582 -4.10 -252 -2.20 -567 -103 0.00
Repurchase of Common Equity		 -36 -56 -48 -34 -4.20 -8.70 -43 -55 -3.90 -4.20 -36
Payment of Dividends		 -53 -57 -59 -61 -64 -69 -44 -63 -57 -48 -48
Issuance of Debt		 0.00 51 3.30 0.00 773 0.00 250 0.00 565 69 0.00
Effect of Exchange Rate Changes		 -5.40 -3.10 -1.20 4.00 -2.70 - 2.10 -0.50 -1.50 -0.20 -1.80
Cash Interest Paid		 17 17 17 17 35 25 25 23 26 24 23
Cash Income Taxes Paid		 60 57 68 4.80 36 27 25 2.50 -17 33 47

Quarterly Cash Flow Statements for Steelcase

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

Metric Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025
Period end date 8/26/2022 11/25/2022 2/24/2023 5/26/2023 8/25/2023 11/24/2023 2/23/2024 5/24/2024 8/23/2024 11/22/2024 2/28/2025
Net Change in Cash & Equivalents		 -64 3.10 36 -51 114 109 57 -146 124 69 -19
Net Cash From Operating Activities		 -19 76 88 11 120 120 57 -59 108 99 0.60
Net Cash From Continuing Operating Activities		 -19 76 88 11 120 121 56 -59 108 99 0.60
Net Income / (Loss) Continuing Operations		 20 11 16 1.50 28 31 21 11 63 19 28
Consolidated Net Income / (Loss)		 20 11 16 1.50 28 31 21 11 63 19 28
Depreciation Expense		 24 24 23 20 21 21 21 20 20 20 21
Non-Cash Adjustments To Reconcile Net Income		 -6.90 24 -5.20 22 7.30 -9.20 17 10 -48 -6.40 -7.80
Changes in Operating Assets and Liabilities, net		 -56 17 55 -33 64 79 -3.20 -100 73 66 -40
Net Cash From Investing Activities		 -108 -12 -7.30 -11 1.30 4.70 11 -47 31 -12 -6.80
Net Cash From Continuing Investing Activities		 -108 -12 -7.30 -11 1.30 4.70 11 -47 31 -12 -6.80
Purchase of Property, Plant & Equipment		 -15 -14 -16 -12 -13 -13 -9.70 -12 -13 -11 -12
Purchase of Investments		 - - - 0.00 - - - -36 -4.10 -3.70 -4.40
Sale and/or Maturity of Investments		 - - - 0.00 - - - 0.50 1.20 1.60 4.20
Other Investing Activities, net		 7.10 1.60 4.70 0.50 -1.80 5.30 -0.20 1.20 1.80 0.90 4.90
Net Cash From Financing Activities		 64 -60 -46 -50 -7.40 -16 -12 -40 -14 -18 -12
Net Cash From Continuing Financing Activities		 64 -60 -46 -50 -7.40 -16 -12 -40 -14 -18 -12
Repurchase of Common Equity		 - - - -3.30 - -0.90 - -28 -2.60 -6.00 -0.10
Payment of Dividends		 -17 -12 -12 -12 -12 -12 -12 -12 -12 -12 -12
Effect of Exchange Rate Changes		 -0.70 -0.60 1.10 -0.40 0.20 - - 0.10 -0.90 -0.50 -0.50

Annual Balance Sheets for Steelcase

This table presents Steelcase's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 2/27/2015 2/26/2016 2/24/2017 2/23/2018 2/22/2019 2/28/2020 2/26/2021 2/25/2022 2/24/2023 2/23/2024 2/28/2025
Total Assets		 1,720 1,809 1,792 1,859 2,142 2,565 2,354 2,261 2,203 2,237 2,330
Total Current Assets		 809 824 819 0.00 949 1,189 1,045 959 884 959 1,029
Cash & Equivalents		 177 182 197 - 261 541 490 201 90 319 346
Short-Term Investments		 68 84 73 - - - - - - 0.00 42
Accounts Receivable		 326 323 308 - 390 372 270 340 373 338 323
Inventories, net		 166 159 163 - 225 215 194 326 320 231 246
Prepaid Expenses		 17 20 19 - 20 22 21 24 29 32 38
Other Current Assets		 56 56 59 - 53 39 21 26 72 40 35
Plant, Property, & Equipment, net		 390 412 408 0.00 456 426 411 393 377 353 328
Total Noncurrent Assets		 522 573 565 138 738 950 898 909 942 924 973
Long-Term Investments		 59 51 51 - 57 52 52 53 51 56 53
Goodwill		 107 106 107 138 241 234 218 243 277 275 274
Intangible Assets		 15 14 17 - 119 103 90 86 111 95 77
Noncurrent Deferred & Refundable Income Taxes		 147 212 180 - 136 125 113 121 117 116 167
Other Noncurrent Operating Assets		 194 190 211 - 186 437 425 406 386 384 403
Total Liabilities & Shareholders' Equity		 1,720 1,809 1,792 813 2,142 2,565 2,354 2,261 2,203 2,237 2,330
Total Liabilities		 1,056 1,072 1,026 0.00 1,293 1,595 1,394 1,409 1,377 1,350 1,379
Total Current Liabilities		 544 558 523 0.00 595 691 515 567 603 607 669
Accounts Payable		 215 210 217 - 241 244 181 244 204 211 228
Accrued Expenses		 22 42 39 - 28 35 137 120 27 100 24
Customer Deposits		 25 19 16 - 20 29 - 53 51 45 43
Current Employee Benefit Liabilities		 181 206 189 - 205 236 115 101 151 206 237
Other Current Liabilities		 97 78 59 - 97 143 44 44 135 45 137
Total Noncurrent Liabilities		 512 514 502 0.00 697 904 879 842 773 743 710
Long-Term Debt		 280 297 295 - 483 481 479 477 446 446 447
Noncurrent Employee Benefit Liabilities		 158 143 134 - 142 148 153 127 103 105 101
Other Noncurrent Operating Liabilities		 74 75 73 - 73 274 246 238 225 192 162
Total Equity & Noncontrolling Interests		 664 737 767 813 850 970 961 852 826 887 952
Total Preferred & Common Equity		 664 737 767 813 850 970 961 852 826 887 952
Preferred Stock		 - - - - 0.00 0.00 0.00 0.00 0.00 - 0.00
Total Common Equity		 664 737 767 813 850 970 961 852 826 887 952
Common Stock		 5.00 0.00 0.00 4.60 16 28 13 1.50 19 41 29
Retained Earnings		 688 777 817 819 881 1,011 988 901 879 913 986
Accumulated Other Comprehensive Income / (Loss)		 -29 -40 -51 -10 -47 -69 -40 -51 -73 -67 -64

Quarterly Balance Sheets for Steelcase

This table presents Steelcase'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 2022 Q1 2023 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025
Period end date 11/26/2021 5/27/2022 8/26/2022 11/25/2022 5/26/2023 8/25/2023 11/24/2023 5/24/2024 8/23/2024 11/22/2024
Total Assets		 2,319 2,187 2,303 2,268 2,126 2,199 2,247 2,127 2,271 2,321
Total Current Assets		 1,004 918 953 915 816 901 969 862 1,001 1,065
Cash & Equivalents		 275 117 52 55 40 154 262 173 297 365
Short-Term Investments		 - - - - - - - 36 39 41
Accounts Receivable		 333 349 413 400 363 373 355 325 354 340
Inventories, net		 286 372 397 379 307 271 260 248 242 246
Prepaid Expenses		 36 30 31 29 35 38 31 40 36 34
Other Current Assets		 22 34 40 36 71 65 62 42 33 39
Plant, Property, & Equipment, net		 395 383 405 405 373 365 362 348 345 334
Total Noncurrent Assets		 921 886 945 949 937 932 916 917 926 922
Long-Term Investments		 51 53 46 49 51 55 53 56 54 56
Goodwill		 243 242 277 278 277 277 275 275 275 274
Intangible Assets		 89 80 123 117 108 104 99 91 87 82
Noncurrent Deferred & Refundable Income Taxes		 120 121 115 116 118 119 118 115 118 121
Other Noncurrent Operating Assets		 418 391 385 388 383 378 372 381 393 391
Total Liabilities & Shareholders' Equity		 2,319 2,187 2,303 2,268 2,126 2,199 2,247 2,127 2,271 2,321
Total Liabilities		 1,462 1,373 1,503 1,459 1,296 1,346 1,371 1,254 1,338 1,389
Total Current Liabilities		 591 587 725 679 534 590 631 535 618 678
Accounts Payable		 258 257 274 250 215 227 232 225 233 249
Accrued Expenses		 27 119 126 127 121 114 115 108 127 129
Customer Deposits		 - 50 65 56 51 53 54 47 50 50
Current Employee Benefit Liabilities		 101 81 101 133 100 144 185 114 166 209
Other Current Liabilities		 201 43 41 43 46 47 45 42 42 40
Total Noncurrent Liabilities		 871 785 778 780 763 756 740 719 721 711
Long-Term Debt		 478 445 445 446 446 446 446 447 447 447
Noncurrent Employee Benefit Liabilities		 144 116 111 112 95 97 100 98 101 103
Other Noncurrent Operating Liabilities		 249 225 221 223 222 213 194 175 172 161
Total Equity & Noncontrolling Interests		 857 814 799 810 829 853 876 873 933 933
Total Preferred & Common Equity		 857 814 799 810 829 853 876 873 933 933
Total Common Equity		 857 814 799 810 829 853 876 873 933 933
Common Stock		 0.00 10 14 16 30 35 37 28 29 25
Retained Earnings		 920 873 876 875 869 884 903 911 963 970
Accumulated Other Comprehensive Income / (Loss)		 -64 -69 -90 -81 -70 -66 -65 -67 -59 -62

Annual Metrics and Ratios for Steelcase

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

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 2/27/2015 2/26/2016 2/24/2017 2/23/2018 2/22/2019 2/28/2020 2/26/2021 2/25/2022 2/24/2023 2/23/2024 2/28/2025
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 2.37% 0.01% -0.90% 0.76% 12.69% 8.15% -30.28% 6.80% 16.59% -2.26% 0.20%
EBITDA Growth		 -5.37% 20.36% 6.16% -10.65% 15.08% 25.92% -61.21% -19.66% 53.78% 24.32% 8.00%
EBIT Growth		 -7.26% 24.53% 11.11% -16.31% 11.83% 34.56% -80.68% -48.26% 195.88% 60.13% 15.49%
NOPAT Growth		 -7.87% 86.80% -26.79% -37.73% 82.00% 48.30% -79.30% 15.97% -10.83% 99.07% 59.41%
Net Income Growth		 -1.82% 97.79% -26.84% -35.23% 56.13% 58.49% -86.93% -84.67% 782.50% 129.75% 48.83%
EPS Growth		 -1.45% 100.00% -24.26% -33.98% 54.41% 58.10% -86.75% -86.36% 900.00% 126.67% 50.00%
Operating Cash Flow Growth		 -52.91% 121.38% -8.42% 32.98% -42.20% 175.00% -82.04% -258.33% 187.13% 245.30% -51.90%
Free Cash Flow Firm Growth		 -75.99% 139.56% 8.09% 577.94% -208.36% 149.58% -99.55% -7,903.09% 68.28% 832.84% -51.45%
Invested Capital Growth		 8.85% 11.99% 3.32% -81.40% 637.05% -15.43% 4.84% 19.67% 7.88% -17.74% -0.16%
Revenue Q/Q Growth		 -0.95% -0.07% 0.70% 0.12% 4.23% 0.92% -9.39% 2.82% 1.53% -0.83% 0.41%
EBITDA Q/Q Growth		 -5.71% -0.58% 7.63% -1.18% 1.71% 6.59% -31.91% -2.83% 19.77% -1.55% -8.03%
EBIT Q/Q Growth		 -7.48% -1.09% 10.41% -3.01% 0.92% 8.18% -54.78% -10.40% 49.34% -1.02% -11.83%
NOPAT Q/Q Growth		 -3.75% 40.10% -29.12% -28.55% 46.50% 19.08% -57.41% -25.30% 73.45% 2.60% 8.89%
Net Income Q/Q Growth		 -1.26% 47.32% -29.33% -24.23% 21.86% 28.18% -69.65% -68.75% 102.87% 7.42% 5.51%
EPS Q/Q Growth		 -1.45% 47.83% -27.97% -24.44% 22.09% 27.69% -69.01% -72.73% 100.00% 7.94% 6.25%
Operating Cash Flow Q/Q Growth		 -5.71% -10.04% 6.75% 40.30% -26.29% 18.72% -38.17% -339.16% 312.35% -9.02% -27.67%
Free Cash Flow Firm Q/Q Growth		 -50.69% -23.06% -0.46% 1,208.48% -181.47% 144.94% -99.19% -128.92% 77.77% -1.58% -34.83%
Invested Capital Q/Q Growth		 -5.55% 5.72% -1.56% -82.96% 0.00% -13.10% 1.38% 6.61% -4.53% -4.79% 4.37%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 29.84% 31.52% 33.20% 32.90% 31.60% 32.63% 29.38% 27.46% 28.44% 32.04% 33.05%
EBITDA Margin		 6.97% 8.39% 8.98% 7.97% 8.13% 9.47% 5.27% 3.96% 5.23% 6.65% 7.17%
Operating Margin		 4.74% 5.71% 6.47% 5.08% 5.33% 6.90% 1.66% 0.72% 2.03% 3.73% 4.99%
EBIT Margin		 5.01% 6.24% 6.99% 5.81% 5.77% 7.17% 1.99% 0.96% 2.44% 4.00% 4.61%
Profit (Net Income) Margin		 2.81% 5.57% 4.11% 2.64% 3.66% 5.36% 1.01% 0.14% 1.09% 2.57% 3.81%
Tax Burden Percent		 62.85% 97.43% 63.47% 49.97% 76.88% 81.44% 100.77% 250.00% 68.41% 75.72% 89.94%
Interest Burden Percent		 89.37% 91.57% 92.55% 90.99% 82.57% 91.80% 50.19% 5.99% 65.32% 84.66% 91.85%
Effective Tax Rate		 37.15% 2.57% 36.53% 50.03% 23.12% 18.56% -0.77% -150.00% 31.59% 24.28% 10.06%
Return on Invested Capital (ROIC)		 14.79% 25.00% 17.04% 17.60% 24.40% 22.27% 4.91% 5.07% 3.99% 8.40% 14.84%
ROIC Less NNEP Spread (ROIC-NNEP)		 23.89% 24.02% 16.73% 16.70% 30.39% -9.87% 25.62% -49.00% 0.64% 4.46% -40.35%
Return on Net Nonoperating Assets (RNNOA)		 -1.94% -0.68% -0.46% -7.39% -9.25% -0.32% -2.21% -4.62% 0.22% 1.07% -1.71%
Return on Equity (ROE)		 12.84% 24.32% 16.58% 10.22% 15.15% 21.94% 2.70% 0.44% 4.21% 9.47% 13.13%
Cash Return on Invested Capital (CROIC)		 6.31% 13.68% 13.77% 154.86% -127.81% 38.99% 0.19% -12.84% -3.60% 27.86% 14.99%
Operating Return on Assets (OROA)		 8.90% 10.82% 11.78% 9.72% 9.92% 11.35% 2.10% 1.16% 3.54% 5.70% 6.40%
Return on Assets (ROA)		 5.00% 9.65% 6.92% 4.42% 6.30% 8.48% 1.06% 0.17% 1.58% 3.65% 5.29%
Return on Common Equity (ROCE)		 12.84% 24.32% 16.58% 10.22% 15.15% 21.94% 2.70% 0.44% 4.21% 9.47% 13.13%
Return on Equity Simple (ROE_SIMPLE)		 12.97% 23.11% 16.26% 9.92% 14.83% 20.58% 2.72% 0.47% 4.27% 9.14% 12.68%
Net Operating Profit after Tax (NOPAT)		 91 170 125 78 141 209 43 50 45 89 142
NOPAT Margin		 2.98% 5.56% 4.11% 2.54% 4.10% 5.62% 1.67% 1.81% 1.39% 2.82% 4.49%
Net Nonoperating Expense Percent (NNEP)		 -9.10% 0.98% 0.31% 0.90% -5.98% 32.14% -20.71% 54.06% 3.35% 3.94% 55.19%
Return On Investment Capital (ROIC_SIMPLE)		 9.63% 16.42% 11.71% 9.54% 10.56% 14.39% 3.00% 3.76% 3.43% 6.69% 10.17%
Cost of Revenue to Revenue		 70.16% 68.48% 66.80% 67.10% 68.40% 67.37% 70.62% 72.54% 71.56% 67.96% 66.95%
SG&A Expenses to Revenue		 25.10% 25.82% 26.73% 27.82% 26.26% 0.00% 26.35% 0.00% 0.00% 0.00% 0.00%
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		 25.10% 25.82% 26.73% 27.82% 26.26% 25.73% 27.73% 26.74% 26.42% 28.31% 28.06%
Earnings before Interest and Taxes (EBIT)		 153 191 212 178 199 267 52 27 79 127 146
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 213 257 272 243 280 353 137 110 169 210 227
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 2.38 1.49 1.80 1.59 1.91 1.60 1.41 1.44 1.00 1.60 1.44
Price to Tangible Book Value (P/TBV)		 2.92 1.77 2.14 1.92 3.31 2.45 2.08 2.34 1.88 2.74 2.28
Price to Revenue (P/Rev)		 0.52 0.36 0.45 0.42 0.47 0.42 0.52 0.44 0.26 0.45 0.43
Price to Earnings (P/E)		 18.35 6.43 11.06 16.06 12.85 7.77 51.89 305.91 23.37 17.47 11.35
Dividend Yield		 3.23% 5.03% 4.09% 4.57% 3.89% 4.38% 3.14% 4.90% 6.71% 3.22% 3.32%
Earnings Yield		 5.45% 15.56% 9.04% 6.23% 7.78% 12.86% 1.93% 0.33% 4.28% 5.72% 8.81%
Enterprise Value to Invested Capital (EV/IC)		 2.43 1.50 1.82 9.38 1.76 1.68 1.44 1.34 1.00 1.55 1.44
Enterprise Value to Revenue (EV/Rev)		 0.51 0.35 0.45 0.42 0.52 0.39 0.50 0.52 0.36 0.47 0.43
Enterprise Value to EBITDA (EV/EBITDA)		 7.31 4.19 4.97 5.32 6.38 4.09 9.48 13.21 6.89 7.09 6.06
Enterprise Value to EBIT (EV/EBIT)		 10.16 5.64 6.39 7.30 9.01 5.40 25.13 54.39 14.74 11.77 9.42
Enterprise Value to NOPAT (EV/NOPAT)		 17.11 6.33 10.88 16.71 12.67 6.90 29.93 28.90 25.99 16.69 9.68
Enterprise Value to Operating Cash Flow (EV/OCF)		 18.51 5.77 7.94 5.71 13.63 4.00 20.01 0.00 13.03 4.82 9.26
Enterprise Value to Free Cash Flow (EV/FCFF)		 40.09 11.56 13.46 1.90 0.00 3.94 794.63 0.00 0.00 5.03 9.57
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.43 0.41 0.39 0.00 0.57 0.50 0.50 0.57 0.58 0.50 0.47
Long-Term Debt to Equity		 0.42 0.40 0.38 0.00 0.57 0.50 0.50 0.56 0.54 0.50 0.47
Financial Leverage		 -0.08 -0.03 -0.03 -0.44 -0.30 0.03 -0.09 0.09 0.34 0.24 0.04
Leverage Ratio		 2.57 2.52 2.40 2.31 2.41 2.59 2.55 2.55 2.66 2.59 2.48
Compound Leverage Factor		 2.30 2.31 2.22 2.10 1.99 2.37 1.28 0.15 1.74 2.19 2.28
Debt to Total Capital		 29.82% 28.87% 27.95% 0.00% 36.43% 33.29% 33.50% 36.15% 36.81% 33.47% 31.96%
Short-Term Debt to Total Capital		 0.26% 0.24% 0.26% 0.00% 0.31% 0.20% 0.33% 0.38% 2.73% 0.00% 0.00%
Long-Term Debt to Total Capital		 29.56% 28.63% 27.69% 0.00% 36.12% 33.09% 33.18% 35.77% 34.08% 33.47% 31.96%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 70.18% 71.13% 72.05% 100.00% 63.57% 66.71% 66.50% 63.85% 63.19% 66.53% 68.04%
Debt to EBITDA		 1.32 1.17 1.09 0.00 1.74 1.37 3.54 4.39 2.85 2.12 1.97
Net Debt to EBITDA		 -0.10 -0.07 -0.09 0.00 0.60 -0.31 -0.42 2.08 2.01 0.34 0.03
Long-Term Debt to EBITDA		 1.31 1.16 1.08 0.00 1.72 1.36 3.50 4.34 2.64 2.12 1.97
Debt to NOPAT		 3.10 1.76 2.39 0.00 3.45 2.31 11.17 9.60 10.74 5.00 3.14
Net Debt to NOPAT		 -0.24 -0.11 -0.19 0.00 1.20 -0.52 -1.32 4.55 7.58 0.81 0.04
Long-Term Debt to NOPAT		 3.07 1.74 2.37 0.00 3.42 2.30 11.06 9.50 9.94 5.00 3.14
Altman Z-Score		 3.72 3.43 3.73 0.00 3.44 3.16 2.62 2.55 2.66 2.99 2.94
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 1.49 1.48 1.57 0.00 1.59 1.72 2.03 1.69 1.47 1.58 1.54
Quick Ratio		 1.05 1.06 1.10 0.00 1.09 1.32 1.48 0.95 0.77 1.08 1.06
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 39 93 101 682 -739 367 1.63 -127 -40 296 144
Operating Cash Flow to CapEx		 108.23% 199.57% 288.34% 283.75% 215.44% 503.91% 191.15% -238.05% 181.71% 0.00% 5,500.00%
Free Cash Flow to Firm to Interest Expense		 2.20 5.29 5.85 38.99 -19.71 13.43 0.06 -4.96 -1.42 11.43 5.59
Operating Cash Flow to Interest Expense		 4.76 10.59 9.92 12.97 3.50 13.22 2.39 -3.99 3.15 11.92 5.78
Operating Cash Flow Less CapEx to Interest Expense		 0.36 5.28 6.48 8.40 1.87 10.59 1.14 -5.67 1.42 12.01 5.67
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 1.78 1.73 1.68 1.67 1.72 1.58 1.06 1.20 1.45 1.42 1.39
Accounts Receivable Turnover		 9.68 9.44 9.62 0.00 0.00 9.76 8.08 9.08 9.06 8.88 9.57
Inventory Turnover		 13.51 12.87 12.56 0.00 0.00 11.41 8.98 7.74 7.16 7.80 8.89
Fixed Asset Turnover		 7.98 7.64 7.40 0.00 0.00 8.45 6.20 6.90 8.40 8.66 9.30
Accounts Payable Turnover		 10.04 9.87 9.50 0.00 0.00 10.33 8.62 9.47 10.35 10.35 9.65
Days Sales Outstanding (DSO)		 37.72 38.67 37.93 0.00 0.00 37.38 45.18 40.20 40.29 41.10 38.13
Days Inventory Outstanding (DIO)		 27.01 28.36 29.05 0.00 0.00 32.00 40.66 47.16 50.96 46.81 41.05
Days Payable Outstanding (DPO)		 36.34 36.98 38.42 0.00 0.00 35.32 42.37 38.56 35.27 35.26 37.84
Cash Conversion Cycle (CCC)		 28.39 30.04 28.57 0.00 0.00 34.06 43.48 48.80 55.98 52.65 41.33
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 642 719 743 138 1,019 861 903 1,081 1,166 959 958
Invested Capital Turnover		 4.97 4.50 4.15 6.94 5.95 3.96 2.94 2.80 2.88 2.97 3.30
Increase / (Decrease) in Invested Capital		 52 77 24 -605 880 -157 42 178 85 -207 -1.50
Enterprise Value (EV)		 1,558 1,076 1,355 1,296 1,788 1,443 1,297 1,452 1,165 1,489 1,376
Market Capitalization		 1,580 1,094 1,378 1,296 1,619 1,552 1,354 1,224 825 1,417 1,370
Book Value per Share		 $5.46 $6.02 $6.53 $7.00 $7.28 $8.28 $8.36 $7.60 $7.31 $7.77 $8.37
Tangible Book Value per Share		 $4.46 $5.04 $5.48 $5.81 $4.19 $5.41 $5.67 $4.67 $3.88 $4.53 $5.29
Total Capital		 946 1,036 1,064 813 1,337 1,455 1,444 1,335 1,307 1,333 1,399
Total Debt		 282 299 297 0.00 487 484 484 483 481 446 447
Total Long-Term Debt		 280 297 295 0.00 483 481 479 477 446 446 447
Net Debt		 -22 -18 -24 0.00 169 -109 -57 229 340 72 5.90
Capital Expenditures (CapEx)		 78 93 59 80 61 72 34 43 49 -2.30 2.70
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 23 2.90 28 0.00 96 -40 45 196 226 34 -28
Debt-free Net Working Capital (DFNWC)		 267 269 299 0.00 358 501 535 397 316 352 360
Net Working Capital (NWC)		 265 266 296 0.00 353 498 530 392 281 352 360
Net Nonoperating Expense (NNE)		 4.96 -0.19 -0.06 -3.15 15 9.61 17 46 9.51 8.10 21
Net Nonoperating Obligations (NNO)		 -22 -18 -24 -675 169 -109 -57 229 340 72 5.90
Total Depreciation and Amortization (D&A)		 60 66 60 66 82 86 85 83 90 84 81
Debt-free, Cash-free Net Working Capital to Revenue		 0.74% 0.09% 0.93% 0.00% 2.79% -1.08% 1.74% 7.08% 6.99% 1.07% -0.88%
Debt-free Net Working Capital to Revenue		 8.74% 8.79% 9.85% 0.00% 10.38% 13.45% 20.61% 14.32% 9.79% 11.15% 11.37%
Net Working Capital to Revenue		 8.66% 8.71% 9.75% 0.00% 10.26% 13.37% 20.43% 14.14% 8.68% 11.15% 11.37%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.69 $1.37 $1.03 $0.68 $1.06 $1.67 $0.22 $0.03 $0.30 $0.68 $1.02
Adjusted Weighted Average Basic Shares Outstanding		 122.18M 119.64M 118.00M 116.68M 117.31M 114.76M 115.66M 112.73M 113.95M 114.73M 114.64M
Adjusted Diluted Earnings per Share		 $0.68 $1.36 $1.03 $0.68 $1.05 $1.66 $0.22 $0.03 $0.30 $0.68 $1.02
Adjusted Weighted Average Diluted Shares Outstanding		 122.18M 119.64M 118.00M 116.68M 117.31M 114.76M 115.66M 112.73M 113.95M 114.73M 114.64M
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		 122.18M 119.64M 118.00M 116.68M 117.31M 114.76M 115.66M 112.73M 113.95M 114.73M 114.64M
Normalized Net Operating Profit after Tax (NOPAT)		 91 170 125 109 141 209 55 14 56 103 143
Normalized NOPAT Margin		 2.98% 5.56% 4.11% 3.56% 4.10% 5.62% 2.12% 0.51% 1.74% 3.26% 4.50%
Pre Tax Income Margin		 4.48% 5.71% 6.47% 5.29% 4.76% 6.58% 1.00% 0.06% 1.60% 3.39% 4.24%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 8.66 10.85 12.33 10.14 5.29 9.78 1.90 1.04 2.78 4.88 5.68
NOPAT to Interest Expense		 5.14 9.67 7.24 4.43 3.76 7.67 1.60 1.96 1.58 3.44 5.53
EBIT Less CapEx to Interest Expense		 4.27 5.54 8.89 5.57 3.67 7.16 0.65 -0.64 1.05 4.97 5.58
NOPAT Less CapEx to Interest Expense		 0.75 4.36 3.80 -0.14 2.14 5.04 0.35 0.28 -0.15 3.53 5.43
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 60.98% 33.47% 46.95% 75.59% 51.03% 34.60% 166.67% 1,565.00% 162.32% 58.69% 39.44%
Augmented Payout Ratio		 103.14% 66.59% 85.79% 117.47% 54.37% 38.96% 330.27% 2,945.00% 173.37% 63.87% 69.59%

Quarterly Metrics and Ratios for Steelcase

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

Metric Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025
Period end date 8/26/2022 11/25/2022 2/24/2023 5/26/2023 8/25/2023 11/24/2023 2/23/2024 5/24/2024 8/23/2024 11/22/2024 2/28/2025
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 19.11% 12.02% 6.45% 1.51% -1.01% -5.93% -3.31% -3.27% 0.14% 2.19% 1.65%
EBITDA Growth		 1.07% 20.30% 106.49% 174.77% 12.85% 38.82% -6.10% 29.59% 70.67% -26.44% -38.98%
EBIT Growth		 -6.72% 29.89% 501.92% 194.74% 28.53% 87.03% -4.15% 98.89% 108.88% -36.47% -65.33%
NOPAT Growth		 -24.66% 10.68% 1,156.25% 142.81% 42.03% 136.02% 11.44% 260.33% 116.95% -9.70% 57.30%
Net Income Growth		 -20.65% 18.75% 813.64% 113.16% 40.31% 170.18% 35.67% 626.67% 129.45% -37.99% 29.58%
EPS Growth		 -19.05% 25.00% 750.00% 110.00% 35.29% 160.00% 38.46% 800.00% 130.43% -38.46% 33.33%
Operating Cash Flow Growth		 -1,065.00% 2,932.00% 302.30% 120.51% 721.24% 58.44% -34.77% -623.01% -9.84% -17.65% -98.95%
Free Cash Flow Firm Growth		 -306.17% -75.55% 62.11% 68.52% 174.46% 227.71% 440.73% 366.06% -13.82% -51.46% -85.10%
Invested Capital Growth		 29.64% 20.47% 7.88% 5.09% -13.35% -17.51% -17.74% -10.88% -9.64% -8.92% -0.16%
Revenue Q/Q Growth		 16.55% -4.22% -3.05% -6.21% 13.66% -8.98% -0.35% -6.18% 17.67% -7.12% -0.87%
EBITDA Q/Q Growth		 430.84% -16.55% 14.14% -45.66% 118.03% 2.65% -22.80% -25.00% 187.14% -55.76% -35.95%
EBIT Q/Q Growth		 450.53% -28.23% 30.96% -71.25% 375.56% 4.44% -32.89% -40.33% 399.44% -68.23% -63.38%
NOPAT Q/Q Growth		 343.27% -34.39% 31.17% -79.55% 707.05% 9.04% -38.07% -33.89% 385.91% -54.62% 7.89%
Net Income Q/Q Growth		 271.93% -41.84% 37.72% -90.45% 1,733.33% 12.00% -30.84% -48.83% 478.90% -69.73% 44.50%
EPS Q/Q Growth		 270.00% -41.18% 30.00% -92.31% 2,200.00% 13.04% -30.77% -50.00% 488.89% -69.81% 50.00%
Operating Cash Flow Q/Q Growth		 64.97% 492.75% 16.10% -87.16% 961.06% 0.17% -52.21% -202.96% 282.91% -8.51% -99.39%
Free Cash Flow Firm Q/Q Growth		 -57.48% 27.76% 65.50% 19.79% 472.49% 23.90% -7.95% -37.37% 20.65% -30.21% -71.75%
Invested Capital Q/Q Growth		 12.27% -3.45% -4.53% 1.55% -7.43% -8.08% -4.79% 10.02% -6.15% -7.35% 4.37%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 29.05% 28.76% 29.84% 31.20% 33.16% 32.43% 31.23% 32.23% 34.52% 33.39% 31.89%
EBITDA Margin		 6.58% 5.73% 6.75% 3.91% 7.50% 8.46% 6.55% 5.24% 12.78% 6.09% 3.93%
Operating Margin		 3.35% 2.48% 3.58% 0.97% 4.80% 5.63% 3.32% 2.42% 10.52% 5.16% 1.21%
EBIT Margin		 3.86% 2.89% 3.90% 1.20% 5.01% 5.75% 3.87% 2.46% 10.45% 3.57% 1.32%
Profit (Net Income) Margin		 2.27% 1.38% 1.96% 0.20% 3.22% 3.96% 2.75% 1.50% 7.37% 2.40% 3.50%
Tax Burden Percent		 74.24% 68.67% 64.34% 51.72% 74.32% 75.86% 80.08% 77.31% 73.46% 73.18% 340.74%
Interest Burden Percent		 79.28% 69.46% 77.96% 32.22% 86.45% 90.83% 88.67% 78.77% 96.09% 91.90% 77.88%
Effective Tax Rate		 25.76% 31.33% 35.66% 48.28% 25.68% 24.14% 19.92% 22.70% 26.54% 26.82% -240.74%
Return on Invested Capital (ROIC)		 6.87% 4.85% 6.63% 1.41% 9.77% 12.21% 7.89% 5.24% 23.23% 12.37% 13.57%
ROIC Less NNEP Spread (ROIC-NNEP)		 6.18% 3.91% 5.65% 0.73% 8.93% 11.32% 8.24% 4.23% 21.22% -6.37% 1.32%
Return on Net Nonoperating Assets (RNNOA)		 1.96% 1.33% 1.91% 0.30% 3.83% 3.65% 1.98% 1.33% 3.57% -0.41% 0.06%
Return on Equity (ROE)		 8.83% 6.19% 8.54% 1.71% 13.60% 15.86% 9.88% 6.57% 26.79% 11.96% 13.63%
Cash Return on Invested Capital (CROIC)		 -23.60% -16.26% -3.60% 0.11% 20.04% 26.99% 27.86% 20.26% 22.94% 22.91% 14.99%
Operating Return on Assets (OROA)		 5.17% 4.01% 5.65% 1.80% 7.20% 8.11% 5.51% 3.63% 14.66% 4.93% 1.83%
Return on Assets (ROA)		 3.04% 1.91% 2.84% 0.30% 4.63% 5.59% 3.91% 2.21% 10.35% 3.32% 4.86%
Return on Common Equity (ROCE)		 8.83% 6.19% 8.54% 1.71% 13.60% 15.86% 9.88% 6.57% 26.79% 11.96% 13.63%
Return on Equity Simple (ROE_SIMPLE)		 1.95% 2.15% 0.00% 5.81% 6.58% 8.62% 0.00% 10.37% 13.52% 12.27% 0.00%
Net Operating Profit after Tax (NOPAT)		 21 14 18 3.78 30 33 21 14 66 30 32
NOPAT Margin		 2.49% 1.70% 2.30% 0.50% 3.57% 4.27% 2.65% 1.87% 7.73% 3.77% 4.11%
Net Nonoperating Expense Percent (NNEP)		 0.69% 0.94% 0.97% 0.68% 0.84% 0.89% -0.35% 1.01% 2.01% 18.74% 12.25%
Return On Investment Capital (ROIC_SIMPLE)		 1.57% 1.06% 1.41% 0.30% 2.34% 2.51% 1.54% 1.03% 4.79% 2.18% 2.31%
Cost of Revenue to Revenue		 70.95% 71.24% 70.16% 68.80% 66.84% 67.57% 68.77% 67.77% 65.48% 66.61% 68.11%
SG&A Expenses to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
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		 25.70% 26.28% 26.26% 30.23% 28.36% 26.80% 27.92% 29.81% 24.00% 28.23% 30.69%
Earnings before Interest and Taxes (EBIT)		 33 24 31 9.00 43 45 30 18 89 28 10
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 57 47 54 29 64 66 51 38 109 48 31
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 1.49 1.08 1.00 0.92 1.08 1.51 1.60 1.69 1.68 1.61 1.44
Price to Tangible Book Value (P/TBV)		 2.97 2.11 1.88 1.72 1.95 2.63 2.74 2.91 2.74 2.60 2.28
Price to Revenue (P/Rev)		 0.38 0.27 0.26 0.24 0.28 0.41 0.45 0.47 0.50 0.48 0.43
Price to Earnings (P/E)		 76.13 50.30 23.37 15.82 16.39 17.47 17.47 16.32 12.42 13.11 11.35
Dividend Yield		 5.51% 6.89% 6.71% 6.65% 4.96% 3.46% 3.22% 3.11% 2.92% 3.04% 3.32%
Earnings Yield		 1.31% 1.99% 4.28% 6.32% 6.10% 5.73% 5.72% 6.13% 8.05% 7.63% 8.81%
Enterprise Value to Invested Capital (EV/IC)		 1.31 1.05 1.00 0.94 1.06 1.44 1.55 1.57 1.64 1.62 1.44
Enterprise Value to Revenue (EV/Rev)		 0.53 0.40 0.36 0.34 0.36 0.46 0.47 0.53 0.52 0.47 0.43
Enterprise Value to EBITDA (EV/EBITDA)		 12.42 9.12 6.89 5.95 5.96 6.80 7.09 7.58 6.15 6.02 6.06
Enterprise Value to EBIT (EV/EBIT)		 34.88 24.32 14.74 11.46 10.86 11.35 11.77 12.25 8.92 8.96 9.42
Enterprise Value to NOPAT (EV/NOPAT)		 66.74 49.81 25.99 19.08 17.19 16.68 16.69 16.93 12.15 11.37 9.68
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 0.00 13.03 7.17 3.94 4.27 4.82 6.96 7.17 7.23 9.26
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 891.80 4.91 4.82 5.03 7.31 6.78 6.73 9.57
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.70 0.64 0.58 0.54 0.53 0.51 0.50 0.51 0.48 0.48 0.47
Long-Term Debt to Equity		 0.56 0.55 0.54 0.54 0.52 0.51 0.50 0.51 0.48 0.48 0.47
Financial Leverage		 0.32 0.34 0.34 0.41 0.43 0.32 0.24 0.32 0.17 0.06 0.04
Leverage Ratio		 2.71 2.75 2.66 2.62 2.72 2.68 2.59 2.50 2.50 2.53 2.48
Compound Leverage Factor		 2.15 1.91 2.07 0.85 2.35 2.43 2.30 1.97 2.40 2.32 1.93
Debt to Total Capital		 41.35% 38.93% 36.81% 35.00% 34.59% 33.74% 33.47% 33.84% 32.38% 32.40% 31.96%
Short-Term Debt to Total Capital		 8.67% 5.31% 2.73% 0.06% 0.40% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 32.68% 33.62% 34.08% 34.94% 34.19% 33.74% 33.47% 33.84% 32.38% 32.40% 31.96%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 58.65% 61.07% 63.19% 65.00% 65.41% 66.26% 66.53% 66.16% 67.62% 67.60% 68.04%
Debt to EBITDA		 4.23 3.66 2.85 2.38 2.31 2.09 2.12 2.04 1.69 1.81 1.97
Net Debt to EBITDA		 3.50 2.92 2.01 1.89 1.25 0.62 0.34 0.83 0.22 -0.06 0.03
Long-Term Debt to EBITDA		 3.35 3.16 2.64 2.37 2.29 2.09 2.12 2.04 1.69 1.81 1.97
Debt to NOPAT		 22.75 19.97 10.74 7.63 6.67 5.13 5.00 4.56 3.34 3.42 3.14
Net Debt to NOPAT		 18.79 15.93 7.58 6.06 3.59 1.51 0.81 1.86 0.43 -0.12 0.04
Long-Term Debt to NOPAT		 17.98 17.25 9.94 7.61 6.60 5.13 5.00 4.56 3.34 3.42 3.14
Altman Z-Score		 2.52 2.46 2.59 2.62 2.68 2.80 2.85 2.99 3.01 2.83 2.75
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 1.31 1.35 1.47 1.53 1.53 1.54 1.58 1.61 1.62 1.57 1.54
Quick Ratio		 0.64 0.67 0.77 0.76 0.89 0.98 1.08 1.00 1.12 1.10 1.06
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -268 -193 -67 -54 199 247 227 142 172 120 34
Operating Cash Flow to CapEx		 -126.14% 545.32% 733.33% 96.58% 951.59% 20,016.67% 0.00% -488.43% 864.80% 907.34% 5.22%
Free Cash Flow to Firm to Interest Expense		 -37.19 -25.45 -9.27 -8.11 30.21 38.60 36.09 22.97 26.85 19.03 4.98
Operating Cash Flow to Interest Expense		 -2.68 9.97 12.22 1.71 18.17 18.77 9.11 -9.53 16.89 15.70 0.09
Operating Cash Flow Less CapEx to Interest Expense		 -4.81 8.14 10.56 -0.06 16.26 18.67 10.94 -11.48 14.94 13.97 -1.60
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 1.34 1.39 1.45 1.50 1.44 1.41 1.42 1.47 1.40 1.38 1.39
Accounts Receivable Turnover		 8.39 8.68 9.06 9.11 8.23 8.44 8.88 9.12 8.62 9.08 9.57
Inventory Turnover		 7.15 6.94 7.16 6.72 6.71 6.82 7.80 7.65 8.24 8.37 8.89
Fixed Asset Turnover		 7.67 7.96 8.40 8.58 8.41 8.31 8.66 8.69 8.84 9.06 9.30
Accounts Payable Turnover		 8.86 9.09 10.35 9.66 8.94 9.04 10.35 9.65 9.18 8.80 9.65
Days Sales Outstanding (DSO)		 43.52 42.04 40.29 40.07 44.35 43.22 41.10 40.04 42.32 40.21 38.13
Days Inventory Outstanding (DIO)		 51.04 52.57 50.96 54.34 54.40 53.52 46.81 47.71 44.32 43.63 41.05
Days Payable Outstanding (DPO)		 41.20 40.16 35.27 37.77 40.83 40.38 35.26 37.82 39.75 41.48 37.84
Cash Conversion Cycle (CCC)		 53.37 54.44 55.98 56.64 57.92 56.36 52.65 49.93 46.89 42.36 41.33
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 1,265 1,221 1,166 1,184 1,096 1,007 959 1,055 990 918 958
Invested Capital Turnover		 2.76 2.85 2.88 2.81 2.74 2.86 2.97 2.80 3.01 3.28 3.30
Increase / (Decrease) in Invested Capital		 289 208 85 57 -169 -214 -207 -129 -106 -90 -1.50
Enterprise Value (EV)		 1,653 1,287 1,165 1,117 1,162 1,450 1,489 1,659 1,623 1,485 1,376
Market Capitalization		 1,188 875 825 763 919 1,319 1,417 1,477 1,566 1,500 1,370
Book Value per Share		 $7.09 $7.18 $7.31 $7.28 $7.48 $7.68 $7.77 $7.61 $8.17 $8.18 $8.37
Tangible Book Value per Share		 $3.54 $3.67 $3.88 $3.90 $4.14 $4.40 $4.53 $4.43 $5.00 $5.06 $5.29
Total Capital		 1,363 1,326 1,307 1,276 1,304 1,322 1,333 1,320 1,380 1,380 1,399
Total Debt		 564 516 481 447 451 446 446 447 447 447 447
Total Long-Term Debt		 445 446 446 446 446 446 446 447 447 447 447
Net Debt		 466 412 340 355 243 132 72 182 57 -15 5.90
Capital Expenditures (CapEx)		 15 14 12 12 13 0.60 -12 12 13 11 12
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 294 251 226 243 163 76 34 118 47 -19 -28
Debt-free Net Working Capital (DFNWC)		 346 306 316 283 317 338 352 327 383 388 360
Net Working Capital (NWC)		 228 235 281 282 311 338 352 327 383 388 360
Net Nonoperating Expense (NNE)		 1.86 2.68 2.77 2.28 2.97 2.43 -0.72 2.71 3.01 11 4.77
Net Nonoperating Obligations (NNO)		 466 412 340 355 243 132 72 182 57 -15 5.90
Total Depreciation and Amortization (D&A)		 24 24 23 20 21 21 21 20 20 20 21
Debt-free, Cash-free Net Working Capital to Revenue		 9.49% 7.88% 6.99% 7.49% 5.04% 2.39% 1.07% 3.77% 1.50% -0.60% -0.88%
Debt-free Net Working Capital to Revenue		 11.18% 9.60% 9.79% 8.73% 9.78% 10.61% 11.15% 10.43% 12.21% 12.29% 11.37%
Net Working Capital to Revenue		 7.36% 7.39% 8.68% 8.70% 9.62% 10.61% 11.15% 10.43% 12.21% 12.29% 11.37%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.17 $0.10 $0.13 $0.01 $0.23 $0.26 $0.18 $0.09 $0.53 $0.16 $0.24
Adjusted Weighted Average Basic Shares Outstanding		 112.78M 112.99M 113.95M 114.00M 114.06M 114.22M 114.73M 114.13M 113.97M 113.72M 114.64M
Adjusted Diluted Earnings per Share		 $0.17 $0.10 $0.13 $0.01 $0.23 $0.26 $0.18 $0.09 $0.53 $0.16 $0.24
Adjusted Weighted Average Diluted Shares Outstanding		 112.78M 112.99M 113.95M 114.00M 114.06M 114.22M 114.73M 114.13M 113.97M 113.72M 114.64M
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		 112.78M 112.99M 113.95M 114.00M 114.06M 114.22M 114.73M 114.13M 113.97M 113.72M 114.64M
Normalized Net Operating Profit after Tax (NOPAT)		 22 20 21 7.24 35 35 23 13 66 30 6.79
Normalized NOPAT Margin		 2.53% 2.47% 2.60% 0.96% 4.13% 4.47% 2.95% 1.80% 7.75% 3.83% 0.86%
Pre Tax Income Margin		 3.06% 2.01% 3.04% 0.39% 4.33% 5.22% 3.43% 1.94% 10.04% 3.28% 1.03%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 4.63 3.14 4.35 1.36 6.48 6.98 4.76 2.89 13.97 4.51 1.53
NOPAT to Interest Expense		 2.98 1.85 2.56 0.57 4.62 5.19 3.27 2.19 10.33 4.76 4.76
EBIT Less CapEx to Interest Expense		 2.50 1.32 2.68 -0.41 4.58 6.89 6.59 0.94 12.02 2.78 -0.16
NOPAT Less CapEx to Interest Expense		 0.86 0.02 0.90 -1.20 2.71 5.10 5.09 0.24 8.38 3.03 3.07
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 432.05% 358.05% 162.32% 108.51% 84.14% 62.78% 58.69% 52.82% 37.83% 41.70% 39.44%
Augmented Payout Ratio		 432.05% 358.05% 173.37% 108.51% 84.14% 62.78% 63.87% 84.42% 62.57% 73.43% 69.59%

Frequently Asked Questions About Steelcase's Financials

When does Steelcase's financial year end?

According to the most recent income statement we have on file, Steelcase's fiscal year ends in February. Their fiscal year 2025 ended on February 28, 2025.

How has Steelcase's net income changed over the last 10 years?

Steelcase's net income appears to be on a downward trend, with a most recent value of $120.70 million in 2025, rising from $86.10 million in 2015. The previous period was $81.10 million in 2024. Check out Steelcase's forecast to explore projected trends and price targets.

What is Steelcase's operating income?
Steelcase's total operating income in 2025 was $158.10 million, based on the following breakdown:
  • Total Gross Profit: $1.05 billion
  • Total Operating Expenses: $888.40 million
How has Steelcase revenue changed over the last 10 years?

Over the last 10 years, Steelcase's total revenue changed from $3.06 billion in 2015 to $3.17 billion in 2025, a change of 3.5%.

How much debt does Steelcase have?

Steelcase's total liabilities were at $1.38 billion at the end of 2025, a 2.2% increase from 2024, and a 30.6% increase since 2015.

How much cash does Steelcase have?

In the past 10 years, Steelcase's cash and equivalents has ranged from $0.00 in 2018 to $541 million in 2020, and is currently $346.30 million as of their latest financial filing in 2025.

How has Steelcase's book value per share changed over the last 10 years?

Over the last 10 years, Steelcase's book value per share changed from 5.46 in 2015 to 8.37 in 2025, a change of 53.1%.


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This page (NYSE:SCS) was last updated on 5/8/2025 by MarketBeat.com Staff
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