Escalade (ESCA) financial statements
Escalade reported revenue of $240M in fiscal 2025, up 3.8% a year over 9 years.
Net income was $14M and the operating margin 7.8%, against 8.5% in 2016.
Free cash flow was $29M, and the company returned $8M in dividends and $3M in net buybacks.
The diluted share count fell 3% over the period (buybacks).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Escalade's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $172M | $177M | $176M | $181M | $274M | $314M | $314M | $264M | $252M | $240M |
| Cost of revenue | $127M | $133M | $131M | $138M | $199M | $236M | $240M | $202M | $189M | $176M |
| Gross profit | $44M | $45M | $45M | $42M | $75M | $77M | $74M | $62M | $62M | $65M |
| Research and development | $2M | $2M | $2M | $2M | $2M | $2M | $3M | $3M | $3M | $3M |
| Selling, general and admin | $27M | $29M | $30M | $32M | $40M | $43M | $45M | $41M | $43M | $44M |
| Operating income | $15M | $15M | $14M | $9M | $33M | $32M | $26M | $18M | $20M | $19M |
| Interest expense | $834,000 | $804,000 | $427,000 | $356,000 | $250,000 | $2M | $4M | $5M | $2M | $836,000 |
| Pre-tax income | $16M | $16M | $26M | $9M | $33M | $31M | $23M | $12M | $18M | $18M |
| Income tax | $4M | $1M | $6M | $2M | $7M | $6M | $5M | $3M | $5M | $4M |
| Net income | $11M | $14M | $20M | $7M | $26M | $24M | $18M | $10M | $13M | $14M |
| EPS (diluted) | $0.80 | $0.98 | $1.41 | $0.50 | $1.82 | $1.76 | $1.31 | $0.71 | $0.93 | $0.99 |
| Diluted shares | 14M | 14M | 14M | 14M | 14M | 14M | 14M | 14M | 14M | 14M |
| Gross margin | 25.8% | 25.2% | 25.6% | 23.5% | 27.3% | 24.6% | 23.5% | 23.4% | 24.7% | 26.9% |
| Operating margin | 8.5% | 8.2% | 7.9% | 5.1% | 12.1% | 10.2% | 8.4% | 6.8% | 8.0% | 7.8% |
| Net margin | 6.7% | 7.9% | 11.6% | 4.0% | 9.5% | 7.8% | 5.7% | 3.7% | 5.2% | 5.7% |
Balance sheet
Fiscal years, from Escalade's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $1M | $2M | $3M | $6M | $4M | $4M | $4M | $16,000 | $4M | $12M |
| Receivables | $36M | $39M | $41M | $35M | $65M | $66M | $57M | $50M | $49M | $46M |
| Inventory | $34M | $35M | $39M | $42M | $72M | $92M | $122M | $92M | $76M | $68M |
| Total current assets | $76M | $80M | $88M | $87M | $145M | $171M | $188M | $147M | $134M | $131M |
| Property, plant and equipment | $14M | $14M | $15M | $15M | $18M | $25M | $25M | $24M | $22M | $22M |
| Goodwill | $21M | $22M | $26M | $27M | $33M | $33M | $42M | $42M | $42M | $42M |
| Total assets | $151M | $156M | $150M | $149M | $221M | $252M | $299M | $253M | $226M | $222M |
| Total current liabilities | $18M | $20M | $17M | $18M | $46M | $48M | $39M | $33M | $34M | $30M |
| Long-term debt | $24M | $22M | $0 | $0 | $30M | $50M | $88M | $44M | $18M | $11M |
| Total liabilities | $49M | $44M | $21M | $23M | $82M | $105M | $140M | $88M | $57M | $49M |
| Shareholders' equity | $102M | $112M | $128M | $126M | $139M | $147M | $158M | $165M | $169M | $173M |
| Net debt | $24M | $22M | -$3M | -$6M | $27M | $53M | $91M | $51M | $21M | $7M |
Cash flow
Fiscal years, from Escalade's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $12M | $13M | $7M | $16M | $3M | $939,000 | $9M | $48M | $36M | $31M |
| Capital spending | $3M | $3M | $3M | $2M | $5M | $10M | $2M | $2M | $2M | $3M |
| Free cash flow | $10M | $11M | $4M | $14M | -$3M | -$9M | $6M | $46M | $34M | $29M |
| Stock-based compensation | $398,000 | $522,000 | $604,000 | $513,000 | $1M | $902,000 | $2M | $2M | $2M | $2M |
| Dividends paid | $6M | $7M | $7M | $7M | $7M | $8M | $8M | $6M | $8M | $8M |
| Share buybacks (net) | $0 | $0 | -$10,000 | -$3M | -$7M | -$10M | $0 | $0 | -$2M | -$3M |
| Net borrowing | $2M | -$2M | -$23M | $0 | $30M | $27M | $37M | -$44M | -$25M | -$7M |
| Free cash flow margin | 5.5% | 6.0% | 2.1% | 7.7% | -1.0% | -2.8% | 2.0% | 17.5% | 13.5% | 11.9% |
| Dividends per share | $0.44 | $0.46 | $0.50 | $0.50 | $0.52 | $0.55 | $0.60 | $0.44 | $0.59 | $0.60 |
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Open ESCA in InvestinglyQuestions
What was Escalade's revenue in 2025?
$240M in fiscal 2025, from its 10-K filing.
How much free cash flow does Escalade generate?
$29M in fiscal 2025 (operating cash flow minus capital spending).
From Escalade's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.