Synalloy (ACNT) financial statements
Synalloy reported revenue of $75M in fiscal 2025, down 6.6% a year over 9 years.
Net income was $867,000 and the operating margin -9.4%, against -6.0% in 2016.
Free cash flow was -$2M, and the company returned $9M in net buybacks.
The diluted share count rose 11% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Synalloy's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $139M | $201M | $281M | $305M | $256M | $335M | $262M | $193M | $81M | $75M |
| Cost of revenue | $122M | $173M | $230M | $274M | $233M | $274M | $219M | $192M | $70M | $58M |
| Gross profit | $17M | $28M | $51M | $31M | $23M | $61M | $43M | $2M | $11M | $17M |
| Research and development | $603,067 | $600,000 | $500,000 | $600,000 | $500,000 | — | — | — | $0 | $71,000 |
| Selling, general and admin | — | $25M | $28M | $33M | $29M | $30M | $28M | $27M | $27M | $23M |
| Operating income | -$8M | $2M | $21M | -$2M | -$31M | $27M | $15M | -$37M | -$11M | -$7M |
| Interest expense | $932,572 | $985,000 | $2M | $4M | $2M | $1M | $3M | $4M | $418,000 | — |
| Pre-tax income | -$9M | $1M | $16M | -$4M | -$32M | $25M | $12M | -$41M | -$11M | -$6M |
| Income tax | -$2M | $137,000 | $3M | -$727,000 | -$5M | $5M | -$6M | -$7M | $2M | $22,000 |
| Net income | -$7M | $1M | $13M | -$3M | -$27M | $20M | $22M | -$27M | -$14M | $867,000 |
| EPS (diluted) | — | — | — | -$0.34 | -$2.98 | $2.14 | $2.12 | -$2.63 | -$1.35 | $0.09 |
| Diluted shares | 9M | 9M | 9M | 9M | 9M | 9M | 10M | 10M | 10M | 10M |
| Gross margin | 12.2% | 14.0% | 18.2% | 10.1% | 8.8% | 18.2% | 16.5% | 0.8% | 13.2% | 23.0% |
| Operating margin | -6.0% | 1.0% | 7.6% | -0.6% | -12.1% | 8.2% | 5.6% | -19.4% | -13.4% | -9.4% |
| Net margin | -5.1% | 0.7% | 4.7% | -1.0% | -10.7% | 6.0% | 8.4% | -13.8% | -16.8% | 1.2% |
Balance sheet
Fiscal years, from Synalloy's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $62,873 | $14,706 | $2M | $626,000 | $236,000 | $2M | $1M | $2M | $16M | $58M |
| Receivables | $18M | $29M | $41M | $35M | $28M | $33M | $33M | $15M | $12M | $10M |
| Inventory | $61M | $72M | $114M | $98M | $85M | $103M | $68M | $52M | $6M | $9M |
| Total current assets | $98M | $108M | $167M | $147M | $127M | $160M | $170M | $89M | $83M | $83M |
| Property, plant and equipment | $27M | $35M | $41M | $41M | $35M | $44M | $36M | $30M | $18M | $16M |
| Goodwill | $1M | $6M | $10M | $18M | $1M | $13M | $11M | $0 | $0 | $0 |
| Total assets | $139M | $160M | $228M | $257M | $207M | $266M | $269M | $163M | $147M | $112M |
| Total current liabilities | $33M | $33M | $37M | $41M | $31M | $50M | $33M | $25M | $22M | $12M |
| Long-term debt | $9M | $26M | $76M | $72M | $60M | $68M | $69M | $0 | — | — |
| Total liabilities | $50M | $70M | $126M | $151M | $127M | $154M | $135M | $56M | $54M | $25M |
| Shareholders' equity | $89M | $90M | $102M | $107M | $80M | $112M | $134M | $107M | $94M | $87M |
| Net debt | $9M | $26M | $74M | $75M | $61M | $68M | $70M | -$2M | -$16M | -$58M |
Cash flow
Fiscal years, from Synalloy's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $2M | $2M | -$21M | $29M | $18M | $19M | $6M | $23M | $15M | -$519,000 |
| Capital spending | $3M | $5M | $7M | $5M | $4M | $1M | $3M | $3M | $1M | $2M |
| Free cash flow | -$2M | -$3M | -$29M | $24M | $14M | $18M | $2M | $20M | $14M | -$2M |
| Stock-based compensation | $459,473 | $638,000 | $827,000 | $2M | $2M | $799,000 | $1M | $1M | $760,000 | $1M |
| Dividends paid | $0 | $1M | $2M | $0 | — | — | — | — | — | — |
| Share buybacks (net) | -$253,889 | $0 | $0 | $0 | -$635,000 | $0 | -$1M | -$1M | -$1M | -$9M |
| Net borrowing | -$26M | $0 | $0 | $16M | -$4M | $9M | $1M | -$72M | $0 | $0 |
| Free cash flow margin | -1.1% | -1.5% | -10.2% | 7.9% | 5.6% | 5.2% | 0.8% | 10.5% | 16.8% | -2.8% |
| Dividends per share | — | $0.13 | $0.25 | — | — | — | — | — | — | — |
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Open ACNT in InvestinglyQuestions
What was Synalloy's revenue in 2025?
$75M in fiscal 2025, from its 10-K filing.
How much free cash flow does Synalloy generate?
-$2M in fiscal 2025 (operating cash flow minus capital spending).
From Synalloy's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.