Ampco-Pittsburgh (AP) financial statements
Ampco-Pittsburgh reported revenue of $416M in fiscal 2025, up 2.6% a year over 9 years.
Net income was -$66M and the operating margin -13.1%, against -16.4% in 2016.
Free cash flow was -$8M.
The diluted share count rose 69% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Ampco-Pittsburgh's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $332M | $385M | $419M | $398M | $329M | $335M | $380M | $415M | $403M | $416M |
| Cost of revenue | — | — | $352M | $326M | $258M | $279M | $328M | $348M | $337M | $354M |
| Gross profit | — | — | $68M | $72M | $71M | $56M | $52M | $68M | $66M | $62M |
| Research and development | $3M | $3M | $3M | $3M | $2M | $1M | $1M | $662,000 | $441,000 | $494,000 |
| Selling, general and admin | $58M | $60M | $58M | $54M | $46M | $46M | $44M | $51M | $55M | $52M |
| Operating income | -$55M | -$14M | -$45M | -$11M | $6M | -$5M | $3M | -$35M | $12M | -$54M |
| Interest expense | $2M | $3M | $4M | $5M | $4M | $4M | $5M | $9M | $12M | $11M |
| Pre-tax income | -$58M | -$17M | -$44M | -$8M | $9M | -$995,000 | $6M | -$39M | $5M | -$63M |
| Income tax | $23M | -$1M | $268,000 | $2M | -$470,000 | $2M | $2M | -$1M | $3M | $120,000 |
| Net income | -$80M | -$12M | -$69M | -$21M | $8M | -$4M | $3M | -$40M | $438,000 | -$66M |
| EPS (diluted) | -$6.68 | -$0.98 | -$5.57 | -$1.67 | $0.54 | -$0.20 | $0.18 | -$2.04 | $0.02 | -$3.28 |
| Diluted shares | 12M | 12M | 12M | 13M | 15M | 19M | 19M | 20M | 20M | 20M |
| Gross margin | — | — | 16.1% | 18.0% | 21.6% | 16.8% | 13.7% | 16.3% | 16.4% | 14.9% |
| Operating margin | -16.4% | -3.6% | -10.7% | -2.7% | 2.0% | -1.4% | 0.7% | -8.3% | 3.0% | -13.1% |
| Net margin | -24.1% | -3.1% | -16.5% | -5.3% | 2.4% | -1.2% | 0.9% | -9.6% | 0.1% | -15.9% |
Balance sheet
Fiscal years, from Ampco-Pittsburgh's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $39M | $21M | $20M | $7M | $17M | $10M | $9M | $7M | $15M | $11M |
| Receivables | $72M | $81M | $69M | $82M | $60M | $69M | $72M | $79M | $71M | $79M |
| Inventory | $84M | $93M | $94M | $82M | $73M | $109M | $122M | $125M | $117M | $104M |
| Total current assets | $221M | $240M | $228M | $193M | $172M | $209M | $231M | $237M | $237M | $240M |
| Property, plant and equipment | $214M | $204M | $186M | $166M | $162M | $159M | $155M | $159M | $148M | $129M |
| Total assets | $566M | $566M | $571M | $507M | $463M | $506M | $503M | $566M | $531M | $495M |
| Total current liabilities | $144M | $145M | $167M | $124M | $105M | $125M | $116M | $117M | $125M | $130M |
| Long-term debt | $25M | $47M | $32M | $50M | $25M | $41M | $93M | $116M | $116M | $118M |
| Total liabilities | $416M | $404M | $478M | $451M | $378M | $394M | $389M | $494M | $460M | $447M |
| Shareholders' equity | $148M | $159M | $88M | $49M | $77M | $103M | $104M | $61M | $59M | $33M |
| Net debt | $14M | $45M | $12M | $44M | $8M | $31M | $84M | $109M | $101M | $107M |
Cash flow
Fiscal years, from Ampco-Pittsburgh's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$6M | -$19M | $7M | -$3M | $34M | -$16M | -$27M | -$4M | $18M | $1M |
| Capital spending | $11M | $13M | $10M | $11M | $8M | $15M | $17M | $20M | $12M | $9M |
| Free cash flow | -$16M | -$32M | -$3M | -$14M | $25M | -$31M | -$44M | -$24M | $6M | -$8M |
| Stock-based compensation | $2M | $2M | $2M | $1M | $1M | $2M | $2M | $2M | $1M | $1M |
| Dividends paid | $5M | $2M | $35,000 | — | — | — | — | — | — | — |
| Net borrowing | — | — | -$1M | -$28M | -$7M | -$864,000 | -$645,000 | -$469,000 | -$2M | -$7M |
| Free cash flow margin | -4.9% | -8.3% | -0.7% | -3.6% | 7.7% | -9.3% | -11.5% | -5.8% | 1.4% | -1.9% |
| Dividends per share | $0.44 | $0.18 | $0.00 | — | — | — | — | — | — | — |
Every line, every quarterThe deep dive has fifteen-plus years of statements, quarterly results, charts and valuation models for AP.
Open AP in InvestinglyQuestions
What was Ampco-Pittsburgh's revenue in 2025?
$416M in fiscal 2025, from its 10-K filing.
How much free cash flow does Ampco-Pittsburgh generate?
-$8M in fiscal 2025 (operating cash flow minus capital spending).
From Ampco-Pittsburgh's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.