Acme United (ACU) financial statements
Acme United reported revenue of $197M in fiscal 2025, up 5.2% a year over 9 years.
Net income was $10M and the operating margin 7.5%, against 6.8% in 2016.
Free cash flow was $8M, and the company returned $2M in dividends.
The diluted share count rose 14% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Acme United's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $125M | $131M | $137M | $142M | $164M | $182M | $194M | $192M | $194M | $197M |
| Cost of revenue | $79M | $83M | $87M | $90M | $104M | $117M | $130M | $119M | $118M | $119M |
| Gross profit | $46M | $48M | $51M | $52M | $60M | $65M | $64M | $72M | $76M | $77M |
| Research and development | $750,000 | $752,000 | $734,000 | $596,000 | $251,000 | — | — | — | — | — |
| Selling, general and admin | $37M | $40M | $43M | $44M | $48M | $52M | $57M | $59M | $62M | $63M |
| Operating income | $8M | $8M | $7M | $8M | $11M | $13M | $6M | $13M | $14M | $15M |
| Interest expense | $868,626 | $1M | $2M | $2M | $944,363 | $921,965 | $2M | $3M | $2M | $2M |
| Pre-tax income | $7M | $6M | $6M | $7M | $10M | $15M | $4M | $23M | $12M | $13M |
| Income tax | $2M | $2M | $932,874 | $1M | $2M | $2M | $627,679 | $5M | $2M | $3M |
| Net income | $6M | $4M | $5M | $6M | $8M | $14M | $3M | $18M | $10M | $10M |
| EPS (diluted) | $1.64 | $1.09 | $1.30 | $1.60 | $2.31 | $3.45 | $0.82 | $4.86 | $2.45 | $2.49 |
| Diluted shares | 4M | 4M | 4M | 3M | 4M | 4M | 4M | 4M | 4M | 4M |
| Gross margin | 36.6% | 36.7% | 36.9% | 36.5% | 36.3% | 35.6% | 32.8% | 37.7% | 39.3% | 39.4% |
| Operating margin | 6.8% | 6.0% | 5.4% | 5.9% | 7.0% | 7.0% | 3.2% | 6.9% | 7.3% | 7.5% |
| Net margin | 4.7% | 3.1% | 3.3% | 3.9% | 4.9% | 7.5% | 1.6% | 9.3% | 5.2% | 5.2% |
Balance sheet
Fiscal years, from Acme United's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $6M | $9M | $4M | $7M | $4M | $5M | $6M | $5M | $6M | $4M |
| Receivables | $20M | $26M | $25M | $25M | $27M | $34M | $33M | $26M | $28M | $29M |
| Inventory | $37M | $40M | $41M | $39M | $51M | $54M | $63M | $55M | $56M | $60M |
| Total current assets | $65M | $78M | $73M | $73M | $84M | $95M | $106M | $92M | $95M | $96M |
| Property, plant and equipment | $8M | $14M | $15M | $14M | $20M | $24M | $26M | $28M | $32M | $39M |
| Goodwill | $4M | $5M | $5M | $5M | $5M | $5M | $8M | $8M | $10M | $10M |
| Total assets | $92M | $115M | $109M | $111M | $130M | $144M | $164M | $149M | $162M | $171M |
| Total current liabilities | $13M | $17M | $13M | $17M | $20M | $20M | $22M | $26M | $23M | $23M |
| Long-term debt | $33M | $43M | $40M | $33M | $39M | $33M | $50M | $13M | $18M | $12M |
| Total liabilities | $46M | $65M | $57M | $55M | $67M | $67M | $85M | $51M | $55M | $53M |
| Shareholders' equity | $46M | $50M | $52M | $56M | $63M | $77M | $79M | $98M | $107M | $118M |
| Net debt | $27M | $34M | $36M | $26M | $35M | $28M | $44M | $8M | $11M | $8M |
Cash flow
Fiscal years, from Acme United's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $9M | $5M | $4M | $15M | $6M | $5M | $3M | $29M | $12M | $18M |
| Capital spending | $2M | $3M | $3M | $2M | $3M | $6M | $4M | $5M | $7M | $11M |
| Free cash flow | $7M | $2M | $2M | $13M | $3M | -$1M | -$1M | $24M | $5M | $8M |
| Stock-based compensation | $440,536 | $684,351 | $869,055 | $968,467 | $1M | $2M | $2M | $2M | $2M | $2M |
| Dividends paid | $1M | $1M | $1M | $2M | $2M | $2M | $2M | $2M | $2M | $2M |
| Free cash flow margin | 5.7% | 1.3% | 1.2% | 9.1% | 1.9% | -0.7% | -0.7% | 12.7% | 2.5% | 3.9% |
| Dividends per share | $0.37 | $0.38 | $0.42 | $0.47 | $0.46 | $0.45 | $0.51 | $0.54 | $0.54 | $0.57 |
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Open ACU in InvestinglyQuestions
What was Acme United's revenue in 2025?
$197M in fiscal 2025, from its 10-K filing.
How much free cash flow does Acme United generate?
$8M in fiscal 2025 (operating cash flow minus capital spending).
From Acme United's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.