Espey Mfg & Electronics (ESP) financial statements
Espey Mfg & Electronics reported revenue of $46M in fiscal 2026, up 8.3% a year over 9 years.
Net income was $11M and the operating margin 25.1%, against 6.8% in 2017.
Free cash flow was $3M, and the company returned $5M in dividends.
The diluted share count rose 24% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Espey Mfg & Electronics's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $23M | $33M | $36M | $32M | $28M | $32M | $36M | $39M | $44M | $46M |
| Cost of revenue | $18M | $25M | $29M | $26M | $24M | $27M | $28M | $28M | $31M | $30M |
| Gross profit | $5M | $8M | $7M | $6M | $3M | $5M | $8M | $11M | $13M | $16M |
| Selling, general and admin | $3M | $4M | $4M | $4M | $4M | $4M | $4M | $4M | $5M | $5M |
| Operating income | $2M | $4M | $3M | $1M | -$426,139 | $2M | $4M | $7M | $8M | $12M |
| Pre-tax income | $2M | $4M | $3M | $1M | -$368,197 | $2M | $5M | $7M | $10M | $13M |
| Income tax | $515,669 | $993,279 | $538,939 | $145,521 | -$186,654 | $327,954 | $1M | $1M | $2M | $2M |
| Net income | $1M | $3M | $2M | $1M | -$181,543 | $1M | $4M | $6M | $8M | $11M |
| EPS (diluted) | $0.49 | $1.31 | $0.98 | $0.49 | -$0.08 | $0.52 | $1.49 | $2.29 | $3.02 | $3.89 |
| Diluted shares | 2M | 2M | 2M | 2M | 2M | 2M | 2M | 3M | 3M | 3M |
| Gross margin | 20.9% | 23.6% | 19.4% | 17.6% | 12.1% | 17.0% | 22.6% | 27.5% | 28.9% | 35.3% |
| Operating margin | 6.8% | 11.9% | 7.3% | 3.7% | -1.5% | 4.8% | 12.1% | 16.9% | 18.5% | 25.1% |
| Net margin | 5.0% | 9.5% | 6.4% | 3.7% | -0.7% | 3.9% | 10.3% | 15.0% | 18.5% | 24.2% |
Balance sheet
Fiscal years, from Espey Mfg & Electronics's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $19M | $16M | $7M | $11M | $10M | $12M | $15M | $23M | $44M | $45M |
| Receivables | $3M | $4M | $11M | $9M | $5M | $6M | $6M | $7M | $8M | $9M |
| Inventory | $10M | $11M | $13M | $15M | $19M | $19M | $20M | $19M | $18M | $26M |
| Total current assets | $33M | $33M | $32M | $35M | $35M | $37M | $45M | $53M | $74M | $91M |
| Property, plant and equipment | $2M | $4M | $4M | $3M | $3M | $3M | $3M | $3M | $4M | $5M |
| Total assets | $35M | $37M | $36M | $38M | $38M | $40M | $48M | $57M | $79M | $97M |
| Total current liabilities | $3M | $3M | $3M | $7M | $7M | $8M | $11M | $15M | $28M | $37M |
| Total liabilities | $4M | $3M | $4M | $7M | $8M | $8M | $12M | $15M | $28M | $37M |
| Shareholders' equity | $32M | $33M | $32M | $31M | $30M | $32M | $36M | $41M | $51M | $61M |
| Net debt | -$10M | -$4M | -$1M | -$5M | -$7M | -$8M | -$3M | -$4M | -$19M | -$19M |
Cash flow
Fiscal years, from Espey Mfg & Electronics's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $6M | $260,907 | -$4M | $6M | $594,996 | $2M | $4M | $11M | $21M | $6M |
| Capital spending | $352,132 | $2M | $608,318 | $214,421 | $43,554 | $303,561 | $512,016 | $5M | $4M | $3M |
| Free cash flow | $6M | -$2M | -$4M | $6M | $551,442 | $2M | $3M | $5M | $17M | $3M |
| Stock-based compensation | $129,167 | $123,112 | $172,148 | $189,639 | $133,663 | $176,696 | $227,132 | $283,673 | $346,281 | $213,688 |
| Dividends paid | $2M | $2M | $5M | $2M | $1M | — | $489,268 | $2M | $3M | $5M |
| Share buybacks (net) | -$44,335 | -$109,694 | -$44,888 | -$47,949 | — | — | — | — | — | — |
| Free cash flow margin | 26.9% | -5.1% | -11.5% | 18.3% | 2.0% | 6.0% | 9.5% | 14.0% | 37.8% | 5.6% |
| Dividends per share | $0.99 | $0.99 | $1.98 | $1.00 | $0.50 | — | $0.20 | $0.66 | $0.96 | $1.68 |
Questions
What was Espey Mfg & Electronics's revenue in 2026?
$46M in fiscal 2026, from its 10-K filing.
How much free cash flow does Espey Mfg & Electronics generate?
$3M in fiscal 2026 (operating cash flow minus capital spending).
From Espey Mfg & Electronics's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.