Franklin Covey (FC) financial statements
Franklin Covey reported revenue of $267M in fiscal 2025, up 3.3% a year over 9 years.
Net income was $3M and the operating margin 2.1%, against 6.9% in 2016.
Free cash flow was $21M, and the company returned $26M in net buybacks.
The diluted share count fell 13% over the period (buybacks).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Franklin Covey's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $200M | $185M | $210M | $225M | $198M | $224M | $263M | $281M | $287M | $267M |
| Cost of revenue | $65M | $63M | $61M | $66M | $53M | $51M | $61M | $67M | $66M | $63M |
| Gross profit | $135M | $123M | $148M | $159M | $145M | $173M | $202M | $213M | $221M | $204M |
| Selling, general and admin | $114M | $121M | $138M | $141M | $130M | $154M | $168M | $178M | $176M | $183M |
| Operating income | $14M | -$9M | -$3M | $3M | $3M | $8M | $24M | $26M | $33M | $6M |
| Interest expense | $2M | $2M | $3M | $2M | $2M | $2M | $2M | $2M | $1M | $565,000 |
| Pre-tax income | $12M | -$11M | -$6M | $592,000 | $796,000 | $6M | $22M | $26M | $33M | $6M |
| Income tax | $5M | -$4M | $367,000 | $2M | $10M | -$8M | $4M | $8M | $10M | $3M |
| Net income | $7M | -$7M | -$6M | -$1M | -$9M | $14M | $18M | $18M | $23M | $3M |
| EPS (diluted) | $0.47 | -$0.52 | -$0.43 | -$0.07 | -$0.68 | $0.96 | $1.27 | $1.24 | $1.74 | $0.24 |
| Diluted shares | 15M | 14M | 14M | 14M | 14M | 14M | 15M | 14M | 13M | 13M |
| Gross margin | 67.6% | 66.2% | 70.7% | 70.7% | 73.3% | 77.1% | 76.8% | 76.1% | 77.0% | 76.2% |
| Operating margin | 6.9% | -4.8% | -1.6% | 1.2% | 1.5% | 3.6% | 9.0% | 9.4% | 11.5% | 2.1% |
| Net margin | 3.5% | -3.9% | -2.8% | -0.5% | -4.8% | 6.1% | 7.0% | 6.3% | 8.1% | 1.1% |
Balance sheet
Fiscal years, from Franklin Covey's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $10M | $9M | $10M | $28M | $27M | $47M | $61M | $38M | $49M | $32M |
| Receivables | $66M | $66M | $72M | $73M | $56M | $71M | $73M | $82M | $86M | $68M |
| Inventory | $5M | $3M | $3M | $3M | $3M | $2M | $4M | $4M | $4M | $5M |
| Total current assets | $90M | $92M | $100M | $119M | $102M | $137M | $156M | $145M | $160M | $129M |
| Property, plant and equipment | $16M | $20M | $21M | $19M | $16M | $12M | $10M | $10M | $9M | $14M |
| Goodwill | $20M | $24M | $24M | $24M | $24M | $31M | $31M | $31M | $31M | $31M |
| Total assets | $191M | $211M | $214M | $225M | $205M | $250M | $259M | $246M | $262M | $243M |
| Total current liabilities | $54M | $81M | $95M | $104M | $103M | $137M | $154M | $152M | $162M | $157M |
| Total liabilities | $97M | $126M | $133M | $143M | $146M | $170M | $176M | $167M | $178M | $176M |
| Shareholders' equity | $94M | $85M | $80M | $82M | $59M | $80M | $83M | $79M | $83M | $67M |
| Net debt | -$9M | -$7M | -$8M | -$28M | -$27M | -$47M | -$61M | -$38M | -$49M | -$32M |
Cash flow
Fiscal years, from Franklin Covey's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $33M | $17M | $17M | $30M | $28M | $46M | $52M | $36M | $60M | $29M |
| Capital spending | $4M | $7M | $7M | $4M | $4M | $2M | $3M | $5M | $4M | $8M |
| Free cash flow | $29M | $10M | $10M | $26M | $23M | $45M | $49M | $31M | $57M | $21M |
| Stock-based compensation | $3M | $4M | $3M | $5M | -$573,000 | $9M | $8M | $13M | $10M | $6M |
| Share buybacks (net) | -$44M | -$5M | -$2M | -$12,000 | -$14M | -$3M | -$24M | -$36M | -$31M | -$26M |
| Net borrowing | -$1M | -$2M | -$2M | -$2M | -$2M | -$3M | -$3M | -$3M | -$4M | -$3M |
| Free cash flow margin | 14.3% | 5.5% | 4.9% | 11.7% | 11.8% | 19.9% | 18.7% | 11.1% | 19.7% | 7.8% |
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Open FC in InvestinglyQuestions
What was Franklin Covey's revenue in 2025?
$267M in fiscal 2025, from its 10-K filing.
How much free cash flow does Franklin Covey generate?
$21M in fiscal 2025 (operating cash flow minus capital spending).
From Franklin Covey's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.