Steel Partners (SPLP) Financials

$39.51 +0.01 (+0.03%)

As of 05/29/2025 12:57 PM Eastern

Annual Income Statements for Steel Partners

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

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015	12/31/2014
Net Income / (Loss) Attributable to Common Shareholders	262	151	206	131	73	-1.60	-33	-0.02	6.63	137	-7.56
Consolidated Net Income / (Loss)	271	154	206	133	73	-1.69	-31	6.01	2.57	157	-7.27
Net Income / (Loss) Continuing Operations	271	154	206	132	83	79	-31	6.01	2.57	70	-18
Total Pre-Tax Income	224	161	275	201	125	102	-9.42	40	22	23	25
Total Operating Income	224	161	296	223	155	141	-9.42	40	22	23	25
Total Gross Profit	868	751	575	521	451	503	475	414	348	295	259
Total Revenue	2,028	1,905	1,695	1,525	1,311	1,455	1,585	1,372	1,164	965	847
Operating Revenue	2,028	1,905	1,695	1,525	1,311	1,455	1,585	1,372	1,164	965	847
Total Cost of Revenue	1,160	1,155	1,120	1,004	860	952	1,110	958	816	670	588
Operating Cost of Revenue	1,152	1,103	1,097	1,004	860	952	1,110	958	816	670	588
Other Cost of Revenue	7.74	52	23	-	-	-	-	-	-	-	-
Total Operating Expenses	644	589	279	298	296	362	484	373	326	272	234
Selling, General & Admin Expense	547	505	383	304	291	335	353	338	282	230	188
Other Operating Expenses / (Income)	96	84	-107	-6.33	3.37	11	123	33	1.72	-46	1.44
Impairment Charge	0.67	0.87	3.16	0.00	1.71	17	8.11	2.03	42	88	44
Total Other Income / (Expense), net	0.00	0.00	-21	-22	-30	-39	0.00	0.00	0.00	0.00	0.00
Interest & Investment Income	0.00	0.00	0.00	-	-	-	-	-	-	-	-
Income Tax Expense	-53	-1.67	74	84	38	15	13	51	24	-79	24
Other Gains / (Losses), net	-5.62	-8.88	4.61	16	-3.79	-8.04	-9.51	17	4.09	-32	-19
Net Income / (Loss) Attributable to Noncontrolling Interest	9.66	3.17	0.19	1.17	0.60	-0.10	1.11	6.03	-4.06	20	0.29
Basic Earnings per Share	$13.07	$7.04	$9.03	$6.09	$2.93	($0.06)	($1.25)	$0.00	$0.25	$5.00	($0.27)
Weighted Average Basic Shares Outstanding	20.01M	21.43M	22.81M	21.56M	24.81M	24.96M	25.98M	26.05M	26.35M	27.32M	28.71M
Diluted Earnings per Share	$11.38	$6.43	$8.12	$4.97	$1.65	($0.06)	-	-	$0.25	$4.98	($0.27)
Weighted Average Diluted Shares Outstanding	24.05M	25.36M	26.87M	28.92M	51.39M	24.96M	25.98M	26.05M	26.49M	27.44M	28.71M
Weighted Average Basic & Diluted Shares Outstanding	20.01M	21.43M	22.81M	21.56M	24.81M	24.96M	25.98M	26.05M	26.35M	27.32M	28.71M

This table shows Steel Partners' 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	75	36	116	34	41	26	59	25	73	36
Consolidated Net Income / (Loss)	75	37	125	35	43	28	59	25	73	36
Net Income / (Loss) Continuing Operations	75	37	125	35	43	28	59	25	73	36
Total Pre-Tax Income	59	53	66	46	40	30	48	43	84	45
Total Operating Income	57	53	66	47	34	30	48	49	91	50
Total Gross Profit	221	218	228	201	194	172	208	176	134	152
Total Revenue	498	520	533	476	467	492	501	445	423	426
Operating Revenue	498	520	533	476	467	492	501	445	423	426
Total Cost of Revenue	277	303	306	275	273	320	293	269	288	274
Operating Cost of Revenue	279	296	303	274	269	283	289	261	266	274
Other Cost of Revenue	-2.42	7.09	2.32	0.76	3.85	37	3.20	7.81	-	-
Total Operating Expenses	163	165	162	154	160	142	160	127	44	102
Selling, General & Admin Expense	135	137	140	135	129	125	136	115	103	94
Other Operating Expenses / (Income)	28	27	22	19	31	17	24	12	-59	5.80
Total Other Income / (Expense), net	1.39	0.00	0.00	-1.39	5.99	0.00	0.00	-5.99	-6.20	-5.11
Income Tax Expense	-21	16	-59	11	0.03	-0.98	-15	15	18	9.21
Other Gains / (Losses), net	-5.61	0.00	0.00	-0.01	3.07	-3.14	-4.84	-3.97	6.38	0.62
Net Income / (Loss) Attributable to Noncontrolling Interest	0.03	0.46	8.61	0.57	1.44	2.32	-0.54	-0.04	0.07	0.11
Basic Earnings per Share	$3.87	$1.83	$5.72	$1.65	$1.94	$1.20	$2.75	$1.15	$3.22	$1.57
Weighted Average Basic Shares Outstanding	20.01M	19.93M	20.33M	20.76M	21.43M	21.30M	21.51M	21.69M	22.81M	23.15M
Diluted Earnings per Share	$3.38	$1.65	$4.85	$1.50	$1.76	$1.14	$2.44	$1.09	$2.95	$1.45
Weighted Average Diluted Shares Outstanding	24.05M	23.99M	24.62M	24.81M	25.36M	25.08M	25.46M	25.54M	26.87M	27.25M
Weighted Average Basic & Diluted Shares Outstanding	20.01M	19.93M	20.33M	20.76M	21.43M	21.30M	21.51M	21.69M	22.81M	23.15M

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

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015	12/31/2014
Net Change in Cash & Equivalents	-172	344	-90	190	-0.82	-201	-87	-30	266	-2.41	-15
Net Cash From Operating Activities	363	21	-210	78	324	110	53	-16	195	-14	78
Net Cash From Continuing Operating Activities	363	21	-210	78	311	118	53	-16	195	-12	59
Net Income / (Loss) Continuing Operations	271	154	206	132	83	79	-31	6.01	2.57	70	-18
Consolidated Net Income / (Loss)	271	154	206	133	73	-1.69	-31	6.01	2.57	157	-7.27
Depreciation Expense	59	57	54	61	65	66	80	72	71	49	38
Non-Cash Adjustments To Reconcile Net Income	43	86	-97	0.20	3.22	20	90	0.53	39	84	70
Changes in Operating Assets and Liabilities, net	-10	-275	-373	-116	159	-47	-86	-94	83	-215	-31
Net Cash From Investing Activities	111	-142	-177	1,517	-1,899	-275	-366	-170	-161	65	-63
Net Cash From Continuing Investing Activities	111	-143	-177	1,517	-1,899	-272	-366	-170	-161	65	-60
Purchase of Property, Plant & Equipment	-65	-51	-48	-52	-23	-40	-47	-55	-34	-23	-29
Purchase of Investments	-142	-209	-311	-50	-14	-105	-153	-91	-30	-52	-138
Sale of Property, Plant & Equipment	2.09	1.85	1.24	6.98	3.00	1.29	5.91	15	32	11	2.46
Sale and/or Maturity of Investments	284	259	176	568	44	124	93	29	89	87	125
Other Investing Activities, net	32	-144	-90	1,029	-1,905	-206	-203	-66	-18	2.71	-24
Net Cash From Financing Activities	-646	465	297	-1,405	1,574	-36	227	156	231	-53	-30
Net Cash From Continuing Financing Activities	-644	465	297	-1,405	1,574	-34	227	156	231	-53	-30
Repayment of Debt	-12	-27	-382	-1,939	2,075	-71	-1.88	-55	-10	-109	-185
Repurchase of Common Equity	-16	-2.93	-8.61	-45	-20	-	-	-	-21	-34	-86
Payment of Dividends	-9.52	-9.63	-9.63	-9.63	-40	0.00	-	-3.92	0.00	0.00	-
Issuance of Debt	-72	11	-	120	-41	0.00	66	70	156	4.81	250
Other Financing Activities, net	-535	493	697	469	-399	37	163	145	106	85	-7.86

This table details how cash moves in and out of Steel Partners' 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	18	-42	-18	-131	14	210	49	71	-127	159
Net Cash From Operating Activities	-4.89	102	69	197	9.55	66	-6.26	-48	-152	42
Net Cash From Continuing Operating Activities	-4.89	102	69	197	9.55	66	-6.26	-48	-152	42
Net Income / (Loss) Continuing Operations	75	37	125	35	43	28	59	25	73	36
Consolidated Net Income / (Loss)	75	37	125	35	43	28	59	25	73	36
Depreciation Expense	15	15	14	14	15	15	14	13	14	13
Non-Cash Adjustments To Reconcile Net Income	15	16	8.69	3.28	10	40	18	17	-51	3.82
Changes in Operating Assets and Liabilities, net	-110	34	-79	145	-59	-17	-97	-103	-187	-11
Net Cash From Investing Activities	109	-54	17	39	26	-25	10	-154	-91	-58
Net Cash From Continuing Investing Activities	109	-54	17	39	26	-25	10	-155	-91	-58
Purchase of Property, Plant & Equipment	-9.25	-37	-8.30	-10	-15	-13	-13	-11	-17	-12
Purchase of Investments	-92	-7.52	-29	-14	-4.23	-190	-8.47	-5.73	-26	-141
Sale of Property, Plant & Equipment	0.59	0.18	0.15	1.17	1.36	0.49	-	0.00	-	-
Sale and/or Maturity of Investments	253	4.80	19	7.18	10	211	1.74	37	20	149
Other Investing Activities, net	-44	-14	35	55	34	-32	30	-175	-56	-21
Net Cash From Financing Activities	-86	-90	-103	-367	-22	168	45	273	115	175
Net Cash From Continuing Financing Activities	-86	-90	-103	-365	-22	168	45	273	115	175
Repayment of Debt	-1.30	-1.15	-2.84	-6.59	-5.23	-5.39	-5.97	-9.97	-108	-59
Payment of Dividends	-2.38	-2.38	-2.38	-2.38	-2.41	-2.41	-2.41	-2.41	-2.41	-2.41
Issuance of Debt	-0.50	42	-14	-99	4.21	2.06	1.90	2.95	-	1.19
Other Financing Activities, net	-82	-123	-73	-258	-18	177	52	282	132	236

This table presents Steel Partners' 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	2021	2020	2019	2018	2017	2016	2015	2014
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015	12/31/2014
Total Assets	3,580	3,990	3,236	2,675	3,934	2,332	2,356	2,164	1,967	1,685	1,490
Total Current Assets	2,444	2,627	1,805	1,284	803	1,090	1,092	1,029	916	719	634
Cash & Equivalents	404	578	234	325	136	138	335	419	450	186	189
Note & Lease Receivable	1,567	1,583	1,132	530	306	548	342	182	91	165	42
Accounts Receivable	228	216	185	197	166	172	210	189	163	116	88
Inventories, net	196	202	214	184	137	148	159	143	119	102	64
Prepaid Expenses	49	48	40	48	58	42	33	20	18	45	15
Plant, Property, & Equipment, net	276	254	239	235	229	250	297	272	261	255	184
Total Noncurrent Assets	861	1,109	1,192	1,156	2,902	992	966	863	790	710	672
Long-Term Investments	85	41	310	261	291	276	258	236	120	167	312
Noncurrent Note & Lease Receivables	231	386	423	511	2,183	196	164	88	62	62	76
Goodwill	146	149	126	148	151	150	184	170	167	102	46
Intangible Assets	97	114	95	120	139	159	184	199	227	139	119
Noncurrent Deferred & Refundable Income Taxes	80	0.58	-	-	67	91	96	109	183	213	74
Employee Benefit Assets	5.90	0.00	-	-	-	-	-	-	-	-	-
Other Noncurrent Operating Assets	216	418	239	116	72	103	80	61	31	27	45
Total Liabilities & Shareholders' Equity	3,580	3,990	3,236	2,675	3,934	2,332	2,356	2,164	1,967	1,685	1,490
Total Liabilities	2,407	2,985	2,434	2,006	3,395	1,865	1,864	1,597	1,263	944	826
Total Current Liabilities	1,818	2,065	1,649	715	517	936	697	515	466	321	230
Accounts Payable	132	132	110	125	105	89	107	107	90	61	38
Accrued Expenses	102	118	113	87	70	104	120	74	82	61	41
Customer Deposits	1,483	1,712	1,360	447	285	615	432	305	197	155	88
Other Current Liabilities	102	104	66	55	46	91	34	26	32	41	30
Total Noncurrent Liabilities	588	920	785	1,291	2,878	929	1,167	1,082	797	623	596
Long-Term Debt	120	191	180	604	2,414	322	478	413	330	236	296
Noncurrent Deferred & Payable Income Tax Liabilities	10	18	41	14	2.17	2.50	2.23	3.01	3.73	4.76	3.80
Noncurrent Employee Benefit Liabilities	16	46	85	82	183	183	206	268	285	277	208
Other Noncurrent Operating Liabilities	442	664	480	591	279	334	481	398	178	106	89
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	1,173	1,005	801	669	539	467	493	567	704	740	664
Total Preferred & Common Equity	1,132	959	800	663	535	463	489	546	549	558	495
Total Common Equity	1,132	959	800	663	535	463	489	546	549	558	495
Common Stock	1,235	1,080	952	795	707	654	666	650	618	612	492
Accumulated Other Comprehensive Income / (Loss)	-102	-121	-152	-132	-173	-191	-177	-104	-69	-54	2.81
Noncontrolling Interest	41	47	1.24	5.71	4.56	3.81	3.72	21	156	182	169

This table presents Steel Partners' 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	3,634	3,675	3,641	3,951	3,767	3,553	3,069
Total Current Assets	2,318	2,292	2,313	2,498	2,305	2,082	1,712
Cash & Equivalents	388	429	447	562	353	305	362
Note & Lease Receivable	1,430	1,367	1,401	1,443	1,428	1,314	882
Accounts Receivable	240	242	224	234	255	200	208
Inventories, net	211	205	205	215	224	221	211
Prepaid Expenses	48	48	37	44	44	42	50
Plant, Property, & Equipment, net	279	252	253	249	247	240	230
Total Noncurrent Assets	1,037	1,131	1,074	1,204	1,215	1,231	1,127
Long-Term Investments	78	73	58	39	240	306	264
Noncurrent Note & Lease Receivables	237	323	349	475	463	496	419
Goodwill	146	149	149	149	148	126	125
Intangible Assets	102	106	110	118	123	91	98
Noncurrent Deferred & Refundable Income Taxes	81	80	-	-	-	-	-
Other Noncurrent Operating Assets	393	401	409	423	242	212	220
Total Liabilities & Shareholders' Equity	3,634	3,675	3,641	3,951	3,767	3,553	3,069
Total Liabilities	2,550	2,561	2,640	3,016	2,851	2,733	2,321
Total Current Liabilities	1,821	1,821	1,865	2,088	1,975	1,868	1,445
Accounts Payable	155	152	143	132	136	120	136
Accrued Expenses	99	98	98	138	136	107	120
Customer Deposits	1,475	1,476	1,526	1,722	1,613	1,572	1,117
Other Current Liabilities	92	95	98	95	90	67	72
Total Noncurrent Liabilities	730	740	775	928	876	865	876
Long-Term Debt	120	84	101	207	211	214	236
Noncurrent Deferred & Payable Income Tax Liabilities	35	26	19	5.97	16	48	31
Noncurrent Employee Benefit Liabilities	43	43	44	84	90	88	64
Other Noncurrent Operating Liabilities	531	587	610	632	559	516	544
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	1,084	1,114	1,001	935	916	820	748
Total Preferred & Common Equity	1,043	1,068	954	886	866	819	746
Total Common Equity	1,043	1,068	954	886	866	819	746
Common Stock	1,164	1,191	1,076	1,038	1,017	969	883
Accumulated Other Comprehensive Income / (Loss)	-121	-123	-122	-153	-151	-151	-137
Noncontrolling Interest	41	45	48	49	50	1.20	1.17

This table displays calculated financial ratios and metrics derived from Steel Partners' official financial filings.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015	12/31/2014
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	6.42%	12.39%	11.18%	16.35%	-9.92%	-8.18%	15.49%	17.92%	20.57%	13.90%	17.49%
EBITDA Growth	29.90%	-37.76%	23.36%	28.78%	6.35%	192.09%	-36.90%	20.84%	29.27%	12.90%	34.09%
EBIT Growth	38.69%	-45.57%	32.73%	44.03%	9.94%	1,595.56%	-123.31%	80.15%	-3.98%	-7.53%	52.94%
NOPAT Growth	69.96%	-24.82%	67.03%	20.32%	-10.77%	1,931.71%	39.36%	-618.36%	-101.48%	10,264.26%	-90.20%
Net Income Growth	76.12%	-25.30%	55.50%	80.92%	4,425.74%	94.62%	-623.79%	133.84%	-98.36%	2,254.21%	-116.22%
EPS Growth	76.98%	-20.81%	63.38%	201.21%	2,850.00%	0.00%	0.00%	0.00%	-94.98%	1,944.44%	-142.86%
Operating Cash Flow Growth	1,611.82%	110.09%	-370.32%	-76.00%	194.03%	108.95%	434.50%	-108.07%	1,512.41%	-117.74%	-17.82%
Free Cash Flow Firm Growth	120.03%	-95.08%	-76.42%	199.57%	-4,329.23%	138.84%	-160.95%	228.38%	136.30%	-267.59%	231.98%
Invested Capital Growth	39.19%	31.97%	-36.35%	-72.89%	474.47%	20.08%	45.16%	-45.25%	-11.81%	104.90%	-27.76%
Revenue Q/Q Growth	1.55%	2.38%	-0.54%	6.51%	-0.28%	-2.43%	2.81%	1.24%	9.00%	2.72%	11.59%
EBITDA Q/Q Growth	2.07%	-20.26%	4.41%	-3.94%	13.05%	47.83%	-9.67%	10.45%	26.81%	9.20%	-13.50%
EBIT Q/Q Growth	2.47%	-26.09%	5.93%	-4.44%	20.13%	99.45%	-1,225.69%	72.34%	75.97%	8.57%	-37.42%
NOPAT Q/Q Growth	9.76%	-19.04%	14.65%	-10.32%	-31.04%	186.90%	79.60%	-16.77%	-101.55%	1,322.46%	-96.81%
Net Income Q/Q Growth	13.33%	-16.48%	26.75%	-34.52%	218.63%	-143.56%	-65.74%	629.61%	-96.85%	150.60%	-110.08%
EPS Q/Q Growth	16.60%	-15.62%	23.22%	-28.49%	159.35%	0.00%	0.00%	0.00%	0.00%	144.12%	-118.62%
Operating Cash Flow Q/Q Growth	-3.82%	115.16%	-428.59%	-12.15%	-7.48%	58.40%	-55.56%	31.28%	81.55%	-127.94%	35.76%
Free Cash Flow Firm Q/Q Growth	-9.53%	18.74%	-52.26%	434.75%	-875.25%	198.01%	-213.01%	146.61%	159.48%	-423.27%	297.79%
Invested Capital Q/Q Growth	9.03%	6.77%	21.88%	-40.08%	516.03%	-13.72%	-12.80%	-54.85%	-28.91%	16.22%	-40.17%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	42.79%	39.39%	33.93%	34.15%	34.39%	34.57%	29.95%	30.14%	29.91%	30.57%	30.58%
EBITDA Margin	13.95%	11.43%	20.64%	18.60%	16.80%	14.23%	4.47%	8.19%	7.99%	7.45%	7.52%
Operating Margin	11.03%	8.46%	17.47%	14.63%	11.82%	9.68%	-0.59%	2.95%	1.93%	2.42%	2.98%
EBIT Margin	11.03%	8.46%	17.47%	14.63%	11.82%	9.68%	-0.59%	2.95%	1.93%	2.42%	2.98%
Profit (Net Income) Margin	13.37%	8.08%	12.16%	8.69%	5.59%	-0.12%	-1.99%	0.44%	0.22%	16.22%	-0.86%
Tax Burden Percent	121.31%	95.53%	74.83%	66.00%	58.44%	-1.66%	334.22%	14.87%	11.46%	669.98%	-28.76%
Interest Burden Percent	100.00%	100.00%	93.03%	90.03%	80.95%	72.44%	100.00%	100.00%	100.00%	100.00%	100.00%
Effective Tax Rate	-23.82%	-1.04%	26.84%	41.86%	30.41%	14.27%	0.00%	126.91%	106.75%	-336.85%	96.10%
Return on Invested Capital (ROIC)	40.08%	32.09%	38.51%	8.05%	7.24%	29.86%	-2.12%	-3.04%	-0.31%	26.15%	0.32%
ROIC Less NNEP Spread (ROIC-NNEP)	41.49%	34.33%	44.59%	8.33%	3.74%	193.28%	9.23%	-9.12%	-2.09%	8.69%	2.10%
Return on Net Nonoperating Assets (RNNOA)	-15.18%	-15.04%	-10.47%	13.90%	7.33%	-30.21%	-3.82%	3.98%	0.66%	-3.86%	-1.27%
Return on Equity (ROE)	24.90%	17.05%	28.04%	21.95%	14.57%	-0.35%	-5.94%	0.95%	0.36%	22.30%	-0.95%
Cash Return on Invested Capital (CROIC)	7.31%	4.52%	82.94%	122.74%	-133.45%	11.61%	-38.96%	55.44%	12.24%	-42.66%	32.55%
Operating Return on Assets (OROA)	5.91%	4.46%	10.02%	6.75%	4.94%	6.01%	-0.42%	1.96%	1.23%	1.47%	1.68%
Return on Assets (ROA)	7.17%	4.26%	6.98%	4.01%	2.34%	-0.07%	-1.39%	0.29%	0.14%	9.86%	-0.48%
Return on Common Equity (ROCE)	23.89%	16.59%	27.91%	21.76%	14.45%	-0.35%	-5.81%	0.81%	0.27%	16.71%	-0.68%
Return on Equity Simple (ROE_SIMPLE)	23.95%	16.06%	25.76%	19.99%	13.71%	-0.37%	-6.44%	1.10%	0.47%	28.06%	-1.47%
Net Operating Profit after Tax (NOPAT)	277	163	217	130	108	121	-6.60	-11	-1.51	102	0.99
NOPAT Margin	13.65%	8.55%	12.78%	8.51%	8.23%	8.30%	-0.42%	-0.79%	-0.13%	10.58%	0.12%
Net Nonoperating Expense Percent (NNEP)	-1.41%	-2.24%	-6.08%	-0.28%	3.50%	-163.42%	-11.35%	6.08%	1.79%	17.47%	-1.78%
Return On Investment Capital (ROIC_SIMPLE)	21.41%	13.61%	-	-	-	-	-	-	-	-	-
Cost of Revenue to Revenue	57.21%	60.61%	66.07%	65.85%	65.61%	65.43%	70.05%	69.86%	70.09%	69.43%	69.42%
SG&A Expenses to Revenue	26.98%	26.50%	22.61%	19.94%	22.19%	22.99%	22.26%	24.61%	24.26%	23.85%	22.23%
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	31.77%	30.93%	16.47%	19.52%	22.57%	24.88%	30.55%	27.19%	27.98%	28.15%	27.59%
Earnings before Interest and Taxes (EBIT)	224	161	296	223	155	141	-9.42	40	22	23	25
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	283	218	350	284	220	207	71	112	93	72	64
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.90	1.06	1.44	1.83	1.03	0.65	0.71	0.93	0.75	0.80	1.01
Price to Tangible Book Value (P/TBV)	1.15	1.46	1.98	3.07	2.25	1.95	2.87	2.88	2.66	1.40	1.52
Price to Revenue (P/Rev)	0.50	0.53	0.68	0.80	0.42	0.21	0.22	0.37	0.35	0.46	0.59
Price to Earnings (P/E)	3.91	6.72	5.58	9.24	7.60	0.00	0.00	0.00	61.92	3.26	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.97%	0.00%	0.00%
Earnings Yield	25.55%	14.87%	17.91%	10.82%	13.16%	0.00%	0.00%	0.00%	1.62%	30.72%	0.00%
Enterprise Value to Invested Capital (EV/IC)	0.86	1.10	1.80	1.80	1.01	0.52	0.62	0.85	0.70	0.78	1.28
Enterprise Value to Revenue (EV/Rev)	0.34	0.33	0.46	0.81	1.95	0.16	0.14	0.16	0.28	0.43	0.39
Enterprise Value to EBITDA (EV/EBITDA)	2.46	2.91	2.25	4.37	11.60	1.11	3.20	1.92	3.48	5.72	5.13
Enterprise Value to EBIT (EV/EBIT)	3.11	3.93	2.66	5.55	16.49	1.63	0.00	5.35	14.44	17.60	12.92
Enterprise Value to NOPAT (EV/NOPAT)	2.51	3.89	3.63	9.55	23.69	1.90	0.00	0.00	0.00	4.03	331.50
Enterprise Value to Operating Cash Flow (EV/OCF)	1.91	29.84	0.00	15.93	7.88	2.09	4.31	0.00	1.66	0.00	4.18
Enterprise Value to Free Cash Flow (EV/FCFF)	13.76	27.58	1.69	0.63	0.00	4.90	0.00	1.09	5.36	0.00	3.29
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.10	0.19	0.23	0.90	4.50	0.72	0.98	0.73	0.56	0.32	0.48
Long-Term Debt to Equity	0.10	0.19	0.22	0.90	4.48	0.69	0.97	0.73	0.47	0.32	0.45
Financial Leverage	-0.37	-0.44	-0.23	1.67	1.96	-0.16	-0.41	-0.44	-0.32	-0.44	-0.60
Leverage Ratio	3.47	4.00	4.02	5.47	6.23	4.89	4.27	3.25	2.53	2.26	1.96
Compound Leverage Factor	3.47	4.00	3.74	4.92	5.04	3.54	4.27	3.25	2.53	2.26	1.96
Debt to Total Capital	9.25%	15.99%	18.37%	47.49%	81.81%	42.01%	49.46%	42.24%	35.90%	24.43%	32.23%
Short-Term Debt to Total Capital	0.00%	0.00%	0.08%	0.09%	0.36%	1.99%	0.40%	0.21%	5.85%	0.35%	2.05%
Long-Term Debt to Total Capital	9.25%	15.99%	18.29%	47.39%	81.44%	40.02%	49.06%	42.03%	30.05%	24.08%	30.18%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	3.17%	3.91%	0.13%	0.45%	0.15%	0.47%	0.38%	2.13%	14.15%	18.61%	17.27%
Common Equity to Total Capital	87.58%	80.11%	81.51%	52.07%	18.04%	57.51%	50.16%	55.63%	49.94%	56.96%	50.50%
Debt to EBITDA	0.42	0.88	0.52	2.13	11.01	1.63	6.80	3.69	4.24	3.33	4.96
Net Debt to EBITDA	-1.31	-1.96	-1.04	0.07	9.07	-0.37	-1.76	-2.80	-2.60	-3.01	-5.41
Long-Term Debt to EBITDA	0.42	0.88	0.51	2.13	10.96	1.56	6.74	3.67	3.55	3.28	4.64
Debt to NOPAT	0.43	1.17	0.83	4.66	22.49	2.80	-73.08	-38.13	-260.53	2.34	320.65
Net Debt to NOPAT	-1.33	-2.63	-1.68	0.14	18.53	-0.63	18.92	28.89	159.87	-2.12	-350.11
Long-Term Debt to NOPAT	0.43	1.17	0.83	4.66	22.39	2.67	-72.49	-37.94	-218.05	2.31	300.21
Altman Z-Score	1.24	0.98	1.17	1.46	0.65	1.00	0.97	1.17	1.10	1.19	1.31
Noncontrolling Interest Sharing Ratio	4.03%	2.66%	0.47%	0.85%	0.83%	0.78%	2.33%	13.88%	23.39%	25.03%	27.68%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.34	1.27	1.09	1.80	1.55	1.16	1.57	2.00	1.97	2.24	2.76
Quick Ratio	1.21	1.15	0.94	1.47	1.18	0.92	1.27	1.65	1.63	1.70	1.99
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	51	23	467	1,979	-1,987	47	-121	198	60	-166	99
Operating Cash Flow to CapEx	577.83%	42.78%	-454.06%	171.50%	1,602.34%	286.13%	128.11%	-39.68%	10,096.95%	-109.88%	296.57%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	22.60	88.92	-67.33	1.21	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	-10.18	3.50	10.98	2.84	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	-12.42	1.46	10.30	1.85	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.54	0.53	0.57	0.46	0.42	0.62	0.70	0.66	0.64	0.61	0.56
Accounts Receivable Turnover	9.13	9.50	8.88	8.40	7.75	7.62	7.95	7.79	8.34	9.45	9.52
Inventory Turnover	5.83	5.55	5.62	6.25	6.02	6.20	7.36	7.32	7.37	8.06	9.48
Fixed Asset Turnover	7.66	7.74	7.16	6.57	5.47	5.31	5.57	5.14	4.50	4.39	4.62
Accounts Payable Turnover	8.80	9.56	9.54	8.73	8.89	9.76	10.41	9.72	10.80	13.57	15.80
Days Sales Outstanding (DSO)	40.00	38.43	41.09	43.46	47.10	47.91	45.93	46.83	43.78	38.62	38.33
Days Inventory Outstanding (DIO)	62.60	65.80	64.90	58.41	60.60	58.91	49.57	49.86	49.56	45.31	38.52
Days Payable Outstanding (DPO)	41.48	38.16	38.25	41.81	41.07	37.41	35.07	37.54	33.80	26.91	23.10
Cash Conversion Cycle (CCC)	61.11	66.07	67.75	60.06	66.63	69.41	60.43	59.14	59.54	57.02	53.75
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	804	578	438	688	2,536	442	368	253	463	525	256
Invested Capital Turnover	2.94	3.75	3.01	0.95	0.88	3.60	5.10	3.83	2.36	2.47	2.78
Increase / (Decrease) in Invested Capital	226	140	-250	-1,849	2,095	74	114	-209	-62	269	-98
Enterprise Value (EV)	695	633	787	1,239	2,554	230	227	216	324	411	327
Market Capitalization	1,024	1,014	1,150	1,215	552	302	348	509	411	445	502
Book Value per Share	$59.02	$44.99	$36.95	$31.38	$21.21	$18.50	$19.01	$20.99	$20.98	$20.96	$17.96
Tangible Book Value per Share	$46.36	$32.65	$26.77	$18.71	$9.73	$6.18	$4.72	$6.79	$5.89	$11.92	$11.99
Total Capital	1,293	1,197	982	1,274	2,964	805	974	982	1,099	980	980
Total Debt	120	191	180	605	2,424	338	482	415	394	239	316
Total Long-Term Debt	120	191	180	604	2,414	322	478	413	330	236	296
Net Debt	-370	-428	-364	19	1,997	-76	-125	-314	-242	-216	-345
Capital Expenditures (CapEx)	63	50	46	45	20	39	41	40	1.94	13	26
Debt-free, Cash-free Net Working Capital (DFCFNWC)	221	-16	-78	245	161	32	51	23	-2.36	113	76
Debt-free Net Working Capital (DFNWC)	625	562	157	570	297	170	399	516	514	402	424
Net Working Capital (NWC)	625	562	156	569	286	154	396	514	450	398	404
Net Nonoperating Expense (NNE)	5.62	8.88	10	-2.87	35	123	25	-17	-4.09	-54	8.25
Net Nonoperating Obligations (NNO)	-370	-428	-364	19	1,997	-25	-125	-314	-242	-216	-408
Total Depreciation and Amortization (D&A)	59	57	54	61	65	66	80	72	71	49	38
Debt-free, Cash-free Net Working Capital to Revenue	10.89%	-0.82%	-4.58%	16.06%	12.30%	2.19%	3.20%	1.68%	-0.20%	11.74%	8.93%
Debt-free Net Working Capital to Revenue	30.84%	29.51%	9.25%	37.40%	22.67%	11.69%	25.21%	37.59%	44.18%	41.62%	50.09%
Net Working Capital to Revenue	30.84%	29.51%	9.21%	37.32%	21.84%	10.59%	24.96%	37.44%	38.65%	41.26%	47.71%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$13.07	$7.04	$9.03	$6.09	$0.00	$0.16	($1.25)	$0.00	$0.25	$5.00	($0.27)
Adjusted Weighted Average Basic Shares Outstanding	20.01M	21.43M	22.81M	21.56M	24.81M	24.96M	24.79M	26.05M	26.35M	27.32M	28.71M
Adjusted Diluted Earnings per Share	$11.38	$6.43	$8.12	$4.97	$1.65	$0.00	$0.00	$0.00	$0.25	$4.98	($0.27)
Adjusted Weighted Average Diluted Shares Outstanding	24.05M	25.36M	26.87M	28.92M	51.39M	24.97M	24.79M	26.05M	26.49M	27.44M	28.71M
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	20.01M	21.43M	22.81M	21.56M	24.81M	24.96M	25.98M	26.05M	26.35M	27.32M	28.71M
Normalized Net Operating Profit after Tax (NOPAT)	157	113	219	130	109	135	-0.92	30	45	78	48
Normalized NOPAT Margin	7.74%	5.95%	12.92%	8.51%	8.32%	9.29%	-0.06%	2.17%	3.85%	8.05%	5.72%
Pre Tax Income Margin	11.03%	8.46%	16.25%	13.17%	9.57%	7.02%	-0.59%	2.95%	1.93%	2.42%	2.98%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	14.34	10.03	5.25	3.63	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	10.49	5.83	3.65	3.11	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	12.10	7.99	4.56	2.64	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	8.25	3.79	2.97	2.12	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	3.51%	6.26%	4.67%	7.27%	54.59%	0.00%	0.00%	65.25%	0.00%	0.00%	0.00%
Augmented Payout Ratio	9.48%	8.16%	8.85%	41.24%	82.51%	0.00%	0.00%	65.25%	815.09%	21.94%	-1,188.90%

This table displays calculated financial ratios and metrics derived from Steel Partners' 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	6.64%	5.72%	6.43%	6.95%	10.48%	15.64%	13.48%	9.77%	-2.14%	8.56%
EBITDA Growth	49.43%	52.20%	29.82%	-1.33%	-53.13%	-28.80%	-58.01%	75.60%	16.54%	22.50%
EBIT Growth	70.64%	76.72%	37.06%	-4.65%	-62.82%	-40.07%	-64.12%	131.55%	22.38%	38.11%
NOPAT Growth	132.72%	18.84%	96.91%	9.56%	-53.00%	-22.19%	-31.92%	180.84%	63.31%	38.35%
Net Income Growth	74.72%	32.22%	113.16%	40.31%	-41.58%	-23.45%	-36.37%	446.20%	147.17%	64.80%
EPS Growth	92.05%	44.74%	98.77%	37.61%	-40.34%	-21.38%	-30.68%	445.00%	107.75%	57.61%
Operating Cash Flow Growth	-151.23%	53.75%	1,200.99%	509.26%	106.29%	56.33%	92.85%	-262.49%	-909.01%	-3.55%
Free Cash Flow Firm Growth	-39.28%	-5.75%	-29.51%	-397.87%	-133.05%	-118.21%	-101.45%	-98.12%	-83.01%	217.17%
Invested Capital Growth	39.19%	36.30%	30.46%	40.99%	31.97%	50.64%	20.96%	-3.10%	-36.35%	-68.70%
Revenue Q/Q Growth	-4.32%	-2.39%	11.93%	2.02%	-5.15%	-1.73%	12.47%	5.38%	-0.72%	-3.56%
EBITDA Q/Q Growth	7.12%	-15.29%	30.75%	7.36%	9.10%	-27.75%	-0.62%	-40.17%	65.73%	-57.39%
EBIT Q/Q Growth	8.23%	-19.50%	40.14%	11.71%	12.09%	-37.56%	-2.51%	-45.51%	80.70%	-62.62%
NOPAT Q/Q Growth	112.38%	-70.49%	248.33%	-14.79%	8.45%	-51.10%	93.80%	-54.28%	79.56%	-57.21%
Net Income Q/Q Growth	102.32%	-70.49%	259.03%	-18.49%	53.11%	-52.42%	136.32%	-66.06%	100.62%	-60.45%
EPS Q/Q Growth	104.85%	-65.98%	223.33%	-14.77%	54.39%	-53.28%	123.85%	-63.05%	103.45%	-58.81%
Operating Cash Flow Q/Q Growth	-104.81%	47.57%	-65.08%	1,968.29%	-85.58%	1,156.78%	87.02%	68.20%	-458.33%	148.36%
Free Cash Flow Firm Q/Q Growth	7.21%	-324.02%	72.71%	-22.03%	29.54%	-419.27%	-162.76%	-85.61%	-61.17%	-58.61%
Invested Capital Q/Q Growth	9.03%	5.89%	16.54%	0.81%	6.77%	1.35%	25.95%	-3.17%	21.88%	-18.62%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	44.37%	41.84%	42.70%	42.29%	41.55%	34.94%	41.59%	39.58%	31.81%	35.71%
EBITDA Margin	14.65%	13.08%	15.08%	12.91%	10.45%	9.09%	12.36%	13.99%	24.64%	14.76%
Operating Margin	11.54%	10.20%	12.37%	9.88%	7.21%	6.10%	9.61%	11.08%	21.44%	11.78%
EBIT Margin	11.54%	10.20%	12.37%	9.88%	7.21%	6.10%	9.61%	11.08%	21.44%	11.78%
Profit (Net Income) Margin	14.98%	7.09%	23.44%	7.31%	9.14%	5.67%	11.70%	5.57%	17.29%	8.56%
Tax Burden Percent	126.74%	69.44%	189.44%	76.20%	107.65%	92.81%	121.81%	57.18%	86.60%	80.91%
Interest Burden Percent	102.43%	100.00%	100.00%	97.04%	117.77%	100.00%	100.00%	87.87%	93.16%	89.81%
Effective Tax Rate	-36.27%	30.56%	-89.44%	23.78%	0.08%	-3.27%	-31.86%	33.67%	20.96%	20.46%
Return on Invested Capital (ROIC)	46.17%	22.14%	75.02%	28.56%	27.05%	26.07%	46.63%	29.63%	51.06%	21.20%
ROIC Less NNEP Spread (ROIC-NNEP)	47.10%	22.14%	75.02%	28.82%	24.77%	26.87%	48.09%	32.21%	50.20%	16.72%
Return on Net Nonoperating Assets (RNNOA)	-17.24%	-8.12%	-29.55%	-12.66%	-10.85%	-12.50%	-19.49%	-13.40%	-11.79%	1.90%
Return on Equity (ROE)	28.93%	14.02%	45.46%	15.90%	16.20%	13.57%	27.14%	16.23%	39.27%	23.10%
Cash Return on Invested Capital (CROIC)	7.31%	8.74%	13.88%	1.85%	4.52%	4.30%	24.10%	58.27%	82.94%	129.75%
Operating Return on Assets (OROA)	6.18%	5.37%	6.55%	5.32%	3.80%	3.24%	5.21%	6.26%	12.30%	7.04%
Return on Assets (ROA)	8.03%	3.73%	12.40%	3.93%	4.82%	3.00%	6.35%	3.15%	9.92%	5.12%
Return on Common Equity (ROCE)	27.77%	13.39%	43.33%	15.47%	15.77%	13.16%	26.30%	16.20%	39.08%	22.99%
Return on Equity Simple (ROE_SIMPLE)	0.00%	22.95%	21.56%	17.20%	0.00%	20.82%	22.27%	27.66%	0.00%	21.79%
Net Operating Profit after Tax (NOPAT)	78	37	125	36	34	31	63	33	72	40
NOPAT Margin	15.73%	7.09%	23.44%	7.53%	7.21%	6.30%	12.67%	7.35%	16.94%	9.37%
Net Nonoperating Expense Percent (NNEP)	-0.93%	0.00%	0.00%	-0.27%	2.29%	-0.80%	-1.46%	-2.59%	0.86%	4.48%
Return On Investment Capital (ROIC_SIMPLE)	6.06%	-	-	-	2.81%	-	-	-	-	-
Cost of Revenue to Revenue	55.63%	58.16%	57.30%	57.71%	58.45%	65.06%	58.41%	60.42%	68.19%	64.29%
SG&A Expenses to Revenue	27.08%	26.38%	26.20%	28.40%	27.57%	25.38%	27.22%	25.81%	24.32%	22.00%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	32.83%	31.64%	30.33%	32.41%	34.34%	28.84%	31.98%	28.50%	10.37%	23.93%
Earnings before Interest and Taxes (EBIT)	57	53	66	47	34	30	48	49	91	50
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	73	68	80	61	49	45	62	62	104	63
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.90	0.94	0.86	1.03	1.06	1.20	1.40	1.37	1.44	1.51
Price to Tangible Book Value (P/TBV)	1.15	1.24	1.13	1.42	1.46	1.72	2.03	1.86	1.98	2.16
Price to Revenue (P/Rev)	0.50	0.49	0.47	0.51	0.53	0.57	0.67	0.65	0.68	0.66
Price to Earnings (P/E)	3.91	4.30	4.22	6.14	6.72	5.84	6.26	4.95	5.58	6.98
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	25.55%	23.24%	23.72%	16.29%	14.87%	17.12%	15.98%	20.18%	17.91%	14.32%
Enterprise Value to Invested Capital (EV/IC)	0.86	0.92	0.78	1.05	1.10	1.33	1.64	1.71	1.80	2.07
Enterprise Value to Revenue (EV/Rev)	0.34	0.34	0.28	0.32	0.33	0.39	0.49	0.42	0.46	0.44
Enterprise Value to EBITDA (EV/EBITDA)	2.46	2.44	2.15	2.67	2.91	2.64	3.01	1.93	2.25	2.22
Enterprise Value to EBIT (EV/EBIT)	3.11	3.10	2.79	3.54	3.93	3.31	3.68	2.24	2.66	2.66
Enterprise Value to NOPAT (EV/NOPAT)	2.51	2.68	2.20	3.43	3.89	3.59	4.18	3.06	3.63	3.93
Enterprise Value to Operating Cash Flow (EV/OCF)	1.91	1.79	1.59	2.35	29.84	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	13.76	12.12	6.38	66.29	27.58	37.33	7.46	2.89	1.69	0.76
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.10	0.11	0.08	0.10	0.19	0.22	0.23	0.26	0.23	0.32
Long-Term Debt to Equity	0.10	0.11	0.08	0.10	0.19	0.22	0.23	0.26	0.22	0.32
Financial Leverage	-0.37	-0.37	-0.39	-0.44	-0.44	-0.47	-0.41	-0.42	-0.23	0.11
Leverage Ratio	3.47	3.76	3.67	3.95	4.00	4.17	4.04	4.16	4.02	4.22
Compound Leverage Factor	3.56	3.76	3.67	3.83	4.71	4.17	4.04	3.66	3.74	3.79
Debt to Total Capital	9.25%	9.98%	7.03%	9.18%	15.99%	18.16%	18.71%	20.77%	18.37%	24.06%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.02%	0.03%	0.10%	0.08%	0.05%
Long-Term Debt to Total Capital	9.25%	9.98%	7.03%	9.18%	15.99%	18.14%	18.68%	20.67%	18.29%	24.02%
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	3.17%	3.39%	3.80%	4.31%	3.91%	4.33%	4.40%	0.12%	0.13%	0.12%
Common Equity to Total Capital	87.58%	86.63%	89.18%	86.51%	80.11%	77.51%	76.89%	79.11%	81.51%	75.82%
Debt to EBITDA	0.42	0.43	0.33	0.43	0.88	0.76	0.72	0.57	0.52	0.71
Net Debt to EBITDA	-1.31	-1.25	-1.64	-1.72	-1.96	-1.44	-1.31	-1.05	-1.04	-1.16
Long-Term Debt to EBITDA	0.42	0.43	0.33	0.43	0.88	0.76	0.72	0.57	0.51	0.71
Debt to NOPAT	0.43	0.48	0.34	0.55	1.17	1.03	1.00	0.91	0.83	1.25
Net Debt to NOPAT	-1.33	-1.37	-1.68	-2.20	-2.63	-1.96	-1.82	-1.67	-1.68	-2.06
Long-Term Debt to NOPAT	0.43	0.48	0.34	0.55	1.17	1.03	1.00	0.90	0.83	1.25
Altman Z-Score	1.08	0.99	0.96	0.95	0.88	0.83	0.88	0.85	0.96	1.01
Noncontrolling Interest Sharing Ratio	4.03%	4.47%	4.68%	2.67%	2.66%	3.01%	3.09%	0.15%	0.47%	0.47%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.34	1.27	1.26	1.24	1.27	1.20	1.17	1.11	1.09	1.18
Quick Ratio	1.21	1.13	1.12	1.11	1.15	1.07	1.03	0.97	0.94	1.00
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-148	-160	-38	-138	-106	-151	-29	46	322	828
Operating Cash Flow to CapEx	-56.48%	273.76%	846.28%	2,220.40%	71.10%	524.20%	-48.77%	-450.58%	-874.24%	361.30%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	-98.89	0.00	0.00	0.00	7.73	51.89	162.08
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	141.65	0.00	0.00	0.00	-8.06	-24.48	8.29
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	135.27	0.00	0.00	0.00	-9.85	-27.28	5.99
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.54	0.53	0.53	0.54	0.53	0.53	0.54	0.57	0.57	0.60
Accounts Receivable Turnover	9.13	8.42	7.92	9.15	9.50	8.42	7.60	8.26	8.88	8.24
Inventory Turnover	5.83	5.43	5.46	5.45	5.55	5.50	5.15	5.36	5.62	5.92
Fixed Asset Turnover	7.66	7.56	7.90	7.85	7.74	7.77	7.55	7.41	7.16	7.69
Accounts Payable Turnover	8.80	8.07	8.16	8.83	9.56	8.75	8.02	8.09	9.54	8.34
Days Sales Outstanding (DSO)	40.00	43.37	46.07	39.88	38.43	43.36	48.05	44.21	41.09	44.32
Days Inventory Outstanding (DIO)	62.60	67.19	66.79	66.94	65.80	66.39	70.94	68.11	64.90	61.69
Days Payable Outstanding (DPO)	41.48	45.24	44.72	41.35	38.16	41.71	45.52	45.09	38.25	43.78
Cash Conversion Cycle (CCC)	61.11	65.32	68.14	65.47	66.07	68.04	73.47	67.23	67.75	62.23
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	804	737	696	597	578	541	534	424	438	359
Invested Capital Turnover	2.94	3.12	3.20	3.79	3.75	4.14	3.68	4.03	3.01	2.26
Increase / (Decrease) in Invested Capital	226	196	163	174	140	182	92	-14	-250	-788
Enterprise Value (EV)	695	677	545	628	633	722	877	726	787	743
Market Capitalization	1,024	982	917	984	1,014	1,066	1,209	1,121	1,150	1,131
Book Value per Share	$59.02	$50.93	$52.38	$46.03	$44.99	$41.45	$39.98	$37.99	$36.95	$34.28
Tangible Book Value per Share	$46.36	$38.84	$39.91	$33.55	$32.65	$28.96	$27.46	$27.91	$26.77	$24.01
Total Capital	1,293	1,204	1,198	1,102	1,197	1,142	1,127	1,035	982	985
Total Debt	120	120	84	101	191	207	211	215	180	237
Total Long-Term Debt	120	120	84	101	191	207	211	214	180	236
Net Debt	-370	-346	-417	-404	-428	-394	-382	-396	-364	-389
Capital Expenditures (CapEx)	8.66	37	8.15	8.89	13	13	13	11	17	12
Debt-free, Cash-free Net Working Capital (DFCFNWC)	221	109	42	1.62	-16	-152	-23	-89	-78	-94
Debt-free Net Working Capital (DFNWC)	625	497	471	448	562	410	330	216	157	268
Net Working Capital (NWC)	625	497	471	448	562	410	330	215	156	267
Net Nonoperating Expense (NNE)	3.71	0.00	0.00	1.07	-9.05	3.14	4.84	7.94	-1.48	3.45
Net Nonoperating Obligations (NNO)	-370	-346	-417	-404	-428	-394	-382	-396	-364	-389
Total Depreciation and Amortization (D&A)	15	15	14	14	15	15	14	13	14	13
Debt-free, Cash-free Net Working Capital to Revenue	10.89%	5.47%	2.14%	0.08%	-0.82%	-8.16%	-1.30%	-5.15%	-4.58%	-5.51%
Debt-free Net Working Capital to Revenue	30.84%	24.91%	23.92%	23.15%	29.51%	22.05%	18.38%	12.43%	9.25%	15.70%
Net Working Capital to Revenue	30.84%	24.91%	23.92%	23.15%	29.51%	22.03%	18.36%	12.37%	9.21%	15.67%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$3.87	$1.83	$5.72	$1.65	$1.94	$1.20	$2.75	$1.15	$3.22	$1.57
Adjusted Weighted Average Basic Shares Outstanding	20.01M	19.93M	20.33M	20.76M	21.43M	21.30M	21.51M	21.69M	22.81M	23.15M
Adjusted Diluted Earnings per Share	$3.38	$1.65	$4.85	$1.50	$1.76	$1.14	$2.44	$1.09	$2.95	$1.45
Adjusted Weighted Average Diluted Shares Outstanding	24.05M	23.99M	24.62M	24.81M	25.36M	25.08M	25.46M	25.54M	26.87M	27.25M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	20.01M	19.93M	20.33M	20.76M	21.43M	21.30M	21.51M	21.69M	22.81M	23.15M
Normalized Net Operating Profit after Tax (NOPAT)	40	37	46	36	34	21	34	33	72	42
Normalized NOPAT Margin	8.08%	7.16%	8.66%	7.53%	7.21%	4.27%	6.77%	7.35%	16.99%	9.83%
Pre Tax Income Margin	11.82%	10.20%	12.37%	9.59%	8.50%	6.10%	9.61%	9.74%	19.97%	10.58%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	33.76	0.00	0.00	0.00	8.25	14.62	9.81
NOPAT to Interest Expense	0.00	0.00	0.00	25.73	0.00	0.00	0.00	5.47	11.55	7.80
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	27.38	0.00	0.00	0.00	6.46	11.82	7.52
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	19.35	0.00	0.00	0.00	3.68	8.75	5.51
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	3.51%	3.99%	4.16%	5.86%	6.26%	5.22%	4.99%	4.25%	4.67%	5.92%
Augmented Payout Ratio	9.48%	10.81%	10.17%	7.66%	8.16%	6.73%	4.99%	4.25%	8.85%	38.90%

Frequently Asked Questions About Steel Partners' Financials

When does Steel Partners's financial year end?

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

How has Steel Partners' net income changed over the last 10 years?

Steel Partners' net income appears to be on an upward trend, with a most recent value of $271.22 million in 2024, falling from -$7.27 million in 2014. The previous period was $154.00 million in 2023.

What is Steel Partners's operating income?

Steel Partners's total operating income in 2024 was $223.58 million, based on the following breakdown:

Total Gross Profit: $867.75 million
Total Operating Expenses: $644.17 million

How has Steel Partners revenue changed over the last 10 years?

Over the last 10 years, Steel Partners' total revenue changed from $847.26 million in 2014 to $2.03 billion in 2024, a change of 139.3%.

How much debt does Steel Partners have?

Steel Partners' total liabilities were at $2.41 billion at the end of 2024, a 19.4% decrease from 2023, and a 191.2% increase since 2014.

How much cash does Steel Partners have?

In the past 10 years, Steel Partners' cash and equivalents has ranged from $135.79 million in 2020 to $577.93 million in 2023, and is currently $404.44 million as of their latest financial filing in 2024.

How has Steel Partners' book value per share changed over the last 10 years?

Over the last 10 years, Steel Partners' book value per share changed from 17.96 in 2014 to 59.02 in 2024, a change of 228.6%.

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

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Steel Partners (SPLP) Financials

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Steel Partners (SPLP) Financials

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