SXC (SXC) financial statements
SXC reported revenue of $1.8B in fiscal 2025, up 4.6% a year over 9 years.
Net income was -$44M and the operating margin -2.4%, against 8.0% in 2016.
Free cash flow was $42M, and the company returned $41M in dividends.
The diluted share count rose 33% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from SXC's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.2B | $1.3B | $1.5B | $1.6B | $1.3B | $1.5B | $2.0B | $2.1B | $1.9B | $1.8B |
| Selling, general and admin | $91M | $79M | $66M | $76M | $81M | $62M | $71M | $71M | $61M | $85M |
| Operating income | $98M | $104M | $119M | -$144M | $70M | $142M | $154M | $125M | $152M | -$44M |
| Interest expense | $54M | $61M | $61M | $60M | $56M | $42M | $32M | $27M | $29M | $33M |
| Pre-tax income | $68M | $22M | $57M | -$203M | $19M | $67M | $122M | $98M | $128M | -$73M |
| Income tax | $9M | -$82M | $5M | -$55M | $10M | $18M | $17M | $34M | $25M | -$34M |
| Net income | $14M | $122M | $26M | -$152M | $4M | $43M | $101M | $58M | $96M | -$44M |
| EPS (diluted) | $0.22 | $1.88 | $0.40 | -$1.98 | $0.04 | $0.52 | $1.19 | $0.68 | $1.12 | -$0.52 |
| Diluted shares | 64M | 65M | 66M | 77M | 83M | 84M | 85M | 85M | 85M | 86M |
| Operating margin | 8.0% | 7.8% | 8.2% | -9.0% | 5.2% | 9.7% | 7.8% | 6.1% | 7.8% | -2.4% |
| Net margin | 1.2% | 9.2% | 1.8% | -9.5% | 0.3% | 3.0% | 5.1% | 2.8% | 5.0% | -2.4% |
Balance sheet
Fiscal years, from SXC's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $134M | $120M | $146M | $97M | $48M | $64M | $90M | $140M | $190M | $89M |
| Receivables | $61M | $68M | $75M | $60M | $46M | $78M | $105M | $88M | $97M | $112M |
| Inventory | $92M | $111M | $110M | $147M | $127M | $127M | $175M | $183M | $181M | $220M |
| Total current assets | $316M | $311M | $335M | $308M | $230M | $272M | $374M | $417M | $475M | $463M |
| Property, plant and equipment | $1.5B | $1.5B | $1.5B | $1.4B | $1.3B | $1.3B | $1.2B | $1.2B | $1.1B | $1.2B |
| Goodwill | $77M | $77M | $77M | $3M | $3M | — | — | — | $3M | $56M |
| Total assets | $2.1B | $2.1B | $2.0B | $1.8B | $1.6B | $1.6B | $1.7B | $1.7B | $1.7B | $1.8B |
| Total current liabilities | $172M | $178M | $171M | $195M | $159M | $182M | $224M | $224M | $206M | $220M |
| Long-term debt | $849M | $861M | $834M | $780M | $674M | $610M | $529M | $490M | $492M | $686M |
| Total liabilities | $1.5B | $1.4B | $1.4B | $1.2B | $1.1B | $1.1B | $1.0B | $1.0B | $957M | $1.2B |
| Shareholders' equity | $311M | $426M | $463M | $492M | $469M | $498M | $586M | $614M | $680M | $597M |
| Net debt | $720M | $744M | $693M | $686M | $628M | $550M | $442M | $350M | $303M | $597M |
Cash flow
Fiscal years, from SXC's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $219M | $148M | $186M | $182M | $158M | $233M | $209M | $249M | $169M | $109M |
| Capital spending | $64M | $76M | $100M | $110M | $74M | $99M | $76M | $109M | $73M | $67M |
| Free cash flow | $155M | $73M | $86M | $72M | $84M | $134M | $133M | $140M | $96M | $42M |
| Stock-based compensation | $6M | $5M | $3M | $4M | $4M | $6M | $7M | $5M | $4M | $2M |
| Dividends paid | $0 | $0 | $0 | $5M | $20M | $20M | $24M | $31M | $38M | $41M |
| Share buybacks (net) | $0 | $0 | $0 | -$36M | -$7M | $0 | $0 | — | — | — |
| Net borrowing | -$66M | $49M | -$700,000 | -$90M | -$56M | -$109M | $0 | $0 | — | — |
| Free cash flow margin | 12.7% | 5.5% | 5.9% | 4.5% | 6.3% | 9.2% | 6.8% | 6.8% | 5.0% | 2.3% |
| Dividends per share | — | — | — | $0.07 | $0.24 | $0.24 | $0.28 | $0.36 | $0.44 | $0.48 |
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Open SXC in InvestinglyQuestions
What was SXC's revenue in 2025?
$1.8B in fiscal 2025, from its 10-K filing.
How much free cash flow does SXC generate?
$42M in fiscal 2025 (operating cash flow minus capital spending).
From SXC's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.