NASDAQ : CHX
ChampionX Corporation — Financial statements
Energy · Oil & Gas Equipment & Services · United States
Last price 25.81 USD (At close: Jul 15, 2025) · Market cap 4.94B
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Financial statements
ChampionX Corporation (CHX) reported revenue of 3.58B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Operating Revenue | 3.58B | 3.63B | 3.76B | 3.81B | 3.07B | 1.90B |
| Revenue | 3.58B | 3.63B | 3.76B | 3.81B | 3.07B | 1.90B |
| Cost of Revenue | 2.39B | 2.44B | 2.62B | 2.86B | 2.33B | 1.48B |
| Gross Profit | 1.19B | 1.19B | 1.14B | 945.88M | 749.83M | 423.13M |
| Selling, General & Admin | 614.63M | 620.20M | 576.01M | 526.30M | 563.64M | 455.62M |
| Research & Development | 56.30M | 56.30M | 53.30M | 45.10M | ||
| Operating Expenses | 670.93M | 676.50M | 629.31M | 571.40M | 563.64M | 455.62M |
| Operating Income | 515.09M | 517.20M | 512.90M | 374.48M | 186.19M | -32.49M |
| Interest Expense | -61.53M | -62.27M | -59.60M | -44.66M | -51.92M | -51.73M |
| Currency Exchange Gain (Loss) | 4.20M | 3.91M | -31.30M | -9.10M | -4.10M | -692.00K |
| Other Non Operating Income (Expenses) | 16.26M | 10.44M | 21.08M | 2.29M | 6.52M | 10.75M |
| EBT Excluding Unusual Items | 474.02M | 469.28M | 443.08M | 323.02M | 136.69M | -74.17M |
| Merger & Restructuring Charges | -59.33M | -49.13M | -6.29M | -68.10M | -13.27M | -23.29M |
| Impairment of Goodwill | -39.62M | -616.27M | ||||
| Gain (Loss) on Sale of Investments | -7.10M | -7.10M | ||||
| Gain (Loss) on Sale of Assets | -57.00K | 29.83M | -12.96M | -18.49M | 2.24M | -8.04M |
| Asset Writedown | 38.13M | -40.98M | ||||
| Other Unusual Items | -11.10M | |||||
| Pretax Income | 407.53M | 442.88M | 423.82M | 196.81M | 152.69M | -762.75M |
| Income Tax Expense | 104.53M | 115.75M | 105.11M | 40.24M | 38.45M | -20.40M |
| Earnings From Continuing Operations | 303.00M | 327.13M | 318.72M | 156.56M | 114.24M | -742.35M |
| Minority Interest in Earnings | -9.86M | -6.86M | -4.48M | -1.59M | -941.00K | -1.58M |
| Net Income | 293.14M | 320.27M | 314.24M | 154.97M | 113.30M | -743.93M |
| Net Income to Common | 293.14M | 320.27M | 314.24M | 154.97M | 113.30M | -743.93M |
| Shares Outstanding (Basic) | 190.66M | 190.58M | 196.08M | 201.74M | 201.58M | 148.37M |
| Shares Outstanding (Diluted) | 193.58M | 193.64M | 199.91M | 207.26M | 208.32M | 148.37M |
| EPS (Basic) | 1.54 | 1.68 | 1.60 | 0.77 | 0.56 | -5.01 |
| EPS (Diluted) | 1.51 | 1.65 | 1.57 | 0.75 | 0.54 | -5.01 |
| Free Cash Flow | 342.33M | 448.37M | 397.95M | 310.55M | 243.75M | 264.88M |
| Free Cash Flow Per Share | 1.77 | 2.31 | 1.99 | 1.50 | 1.17 | 1.78 |
| Dividend Per Share | 0.38 | 0.38 | 0.34 | 0.30 | ||
| Gross Margin | 33.16% | 32.85% | 30.39% | 24.85% | 24.39% | 22.27% |
| Operating Margin | 14.40% | 14.23% | 13.65% | 9.84% | 6.05% | -1.71% |
| Profit Margin | 8.20% | 8.81% | 8.36% | 4.07% | 3.69% | -39.15% |
| Free Cash Flow Margin | 9.57% | 12.34% | 10.59% | 8.16% | 7.93% | 13.94% |
| EBITDA | 761.39M | 763.02M | 748.84M | 616.36M | 423.48M | 181.87M |
| EBITDA Margin | 21.29% | 21.00% | 19.93% | 16.20% | 13.77% | 9.57% |
| D&A For EBITDA | 246.30M | 245.82M | 235.94M | 241.88M | 237.28M | 214.36M |
| EBIT | 515.09M | 517.20M | 512.90M | 374.48M | 186.19M | -32.49M |
| EBIT Margin | 14.40% | 14.23% | 13.65% | 9.84% | 6.05% | -1.71% |
| Effective Tax Rate | 25.65% | 26.14% | 24.80% | 20.45% | 25.18% | |
| Revenue as Reported | 3.58B | 3.63B | 3.76B | 3.81B | 3.07B | 1.90B |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 526.56M | 507.68M | 288.56M | 250.19M | 251.68M | 201.42M |
| Cash & Short-Term Investments | 526.56M | 507.68M | 288.56M | 250.19M | 251.68M | 201.42M |
| Receivables | 417.64M | 466.78M | 534.53M | 601.06M | 584.44M | 559.54M |
| Inventory | 497.18M | 496.83M | 521.55M | 542.54M | 542.91M | 430.11M |
| Prepaid Expenses | 76.94M | 80.15M | 69.77M | 63.55M | 67.07M | 70.19M |
| Restricted Cash | 3.50M | |||||
| Other Current Assets | 250.46M | 12.46M | 11.00M | 41.24M | 11.30M | 4.58M |
| Total Current Assets | 1.77B | 1.56B | 1.43B | 1.50B | 1.46B | 1.27B |
| Property, Plant & Equipment | 790.93M | 855.85M | 843.11M | 827.74M | 892.27M | 977.02M |
| Goodwill | 619.50M | 718.94M | 669.06M | 679.49M | 702.87M | 680.59M |
| Other Intangible Assets | 247.91M | 258.61M | 243.55M | 305.01M | 401.47M | 479.01M |
| Long-Term Deferred Tax Assets | 7.78M | 9.10M | 10.74M | 13.01M | 13.03M | |
| Other Long-Term Assets | 73.26M | 65.17M | 51.45M | 65.92M | 64.18M | 60.28M |
| Total Assets | 3.50B | 3.47B | 3.24B | 3.39B | 3.53B | 3.48B |
| Accounts Payable | 498.33M | 455.53M | 451.68M | 469.57M | 473.56M | 299.67M |
| Accrued Expenses | 199.17M | 262.70M | 257.09M | 322.83M | 242.54M | 235.25M |
| Current Portion of Long-Term Debt | 6.20M | 6.22M | 6.20M | 6.25M | 26.85M | 26.85M |
| Current Portion of Leases | 15.51M | 31.48M | 35.02M | 34.82M | 40.40M | 37.56M |
| Current Unearned Revenue | 16.52M | 27.41M | 14.11M | 15.25M | 16.67M | |
| Other Current Liabilities | 65.68M | 13.43M | 5.35M | 11.39M | 3.73M | 6.56M |
| Total Current Liabilities | 784.90M | 785.87M | 782.75M | 858.98M | 802.33M | 622.56M |
| Long-Term Debt | 590.75M | 591.45M | 594.28M | 621.70M | 697.66M | 905.76M |
| Long-Term Leases | 42.42M | 122.93M | 73.18M | 71.64M | 78.02M | 87.74M |
| Long-Term Deferred Tax Liabilities | 51.91M | 62.37M | 71.50M | 94.23M | 137.97M | 156.28M |
| Other Long-Term Liabilities | 125.72M | 67.55M | 49.66M | 54.61M | 50.52M | 65.95M |
| Total Liabilities | 1.60B | 1.64B | 1.58B | 1.71B | 1.78B | 1.86B |
| Common Stock | 1.91M | 1.91M | 1.91M | 1.99M | 2.03M | 2.00M |
| Additional Paid-In Capital | 2.16B | 2.16B | 2.17B | 2.25B | 2.32B | 2.29B |
| Retained Earnings | -171.24M | -239.05M | -455.68M | -527.60M | -525.16M | -638.46M |
| Comprehensive Income & Other | -72.61M | -80.52M | -36.53M | -29.53M | -21.62M | -30.75M |
| Total Common Equity | 1.92B | 1.85B | 1.68B | 1.69B | 1.77B | 1.63B |
| Minority Interest | -12.03M | -15.26M | -15.59M | -17.34M | -16.34M | -13.40M |
| Shareholders' Equity | 1.90B | 1.83B | 1.66B | 1.68B | 1.75B | 1.61B |
| Total Liabilities & Equity | 3.50B | 3.47B | 3.24B | 3.39B | 3.53B | 3.48B |
| Total Debt | 654.88M | 752.08M | 708.68M | 734.41M | 842.92M | 1.06B |
| Net Cash (Debt) | -128.32M | -244.40M | -420.12M | -484.23M | -591.24M | -856.49M |
| Net Cash Per Share | -0.66 | -1.26 | -2.10 | -2.34 | -2.84 | -5.77 |
| Filing Date Shares Outstanding | 191.40M | 190.80M | 191.10M | 198.64M | 202.91M | 200.46M |
| Total Common Shares Outstanding | 191.43M | 190.72M | 191.13M | 198.50M | 202.87M | 200.38M |
| Working Capital | 983.89M | 778.02M | 642.67M | 639.61M | 658.58M | 643.28M |
| Book Value Per Share | 10.01 | 9.68 | 8.77 | 8.54 | 8.73 | 8.11 |
| Tangible Book Value | 1.05B | 868.88M | 764.00M | 710.05M | 666.31M | 466.37M |
| Tangible Book Value Per Share | 5.48 | 4.56 | 4.00 | 3.58 | 3.28 | 2.33 |
| Land | 120.31M | 126.15M | 125.53M | 134.91M | 140.21M | |
| Buildings | 286.59M | 311.44M | 308.28M | 309.82M | 316.53M | |
| Machinery | 1.13B | 1.06B | 938.83M | 906.65M | 854.65M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Net Income | 293.14M | 320.27M | 314.24M | 154.97M | 113.30M | -743.93M |
| Depreciation & Amortization | 246.30M | 245.82M | 235.94M | 241.88M | 237.28M | 214.36M |
| Other Amortization | 4.24M | 4.24M | 4.10M | 3.75M | 3.54M | 3.80M |
| Loss (Gain) From Sale of Assets | 123.00K | -30.27M | 11.92M | 14.83M | -40.37M | 8.04M |
| Asset Writedown & Restructuring Costs | 39.62M | 657.25M | ||||
| Stock-Based Compensation | 26.32M | 25.77M | 23.75M | 20.09M | 23.18M | 19.54M |
| Provision & Write-off of Bad Debts | 3.52M | |||||
| Other Operating Activities | 9.87M | 10.32M | 7.13M | -11.42M | -2.45M | -10.83M |
| Change in Accounts Receivable | 27.59M | 76.57M | 70.02M | -23.99M | -28.74M | 58.21M |
| Change in Inventory | 5.38M | -8.92M | 18.75M | -52.43M | -124.15M | 85.89M |
| Change in Accounts Payable | -27.97M | -399.00K | -53.89M | -13.37M | 171.40M | -18.39M |
| Change in Other Net Operating Assets | -102.02M | -53.71M | -91.69M | 39.42M | -24.77M | 32.58M |
| Operating Cash Flow | 482.98M | 589.68M | 540.27M | 413.36M | 328.22M | 310.04M |
| Capital Expenditures | -140.65M | -141.31M | -142.32M | -102.81M | -84.46M | -45.16M |
| Sale of Property, Plant & Equipment | 12.73M | 12.11M | 14.54M | 18.02M | 5.24M | 9.71M |
| Cash Acquisitions | -101.80M | -123.27M | -3.20M | -20.09M | 57.59M | |
| Divestitures | 66.79M | |||||
| Investment in Securities | -3.08M | -7.17M | -4.87M | |||
| Other Investing Activities | 44.29M | |||||
| Investing Cash Flow | -232.79M | -215.34M | -127.78M | -87.99M | -37.41M | 22.13M |
| Long-Term Debt Issued | 15.50M | 995.04M | 125.00M | |||
| Long-Term Debt Repaid | -20.04M | -55.16M | -1.10B | -229.67M | -291.63M | |
| Net Debt Issued (Repaid) | -20.73M | -20.04M | -39.66M | -104.45M | -229.67M | -166.63M |
| Issuance of Common Stock | 8.82M | 886.00K | ||||
| Repurchase of Common Stock | -13.23M | -61.96M | -287.34M | -192.11M | -9.78M | -3.09M |
| Common Dividends Paid | -72.39M | -70.53M | -64.98M | -45.59M | ||
| Other Financing Activities | -159.00K | 2.08M | 18.81M | 17.35M | -3.72M | -6.53M |
| Financing Cash Flow | -106.51M | -150.46M | -373.17M | -324.81M | -234.35M | -175.37M |
| Foreign Exchange Rate Adjustments | -3.13M | -4.76M | -957.00K | -5.56M | -2.70M | 9.33M |
| Net Cash Flow | 140.54M | 219.12M | 38.37M | -4.99M | 53.76M | 166.13M |
| Free Cash Flow | 342.33M | 448.37M | 397.95M | 310.55M | 243.75M | 264.88M |
| Free Cash Flow Margin | 9.57% | 12.34% | 10.59% | 8.16% | 7.93% | 13.94% |
| Free Cash Flow Per Share | 1.77 | 2.31 | 1.99 | 1.50 | 1.17 | 1.78 |
| Levered Free Cash Flow | 252.59M | 506.14M | 439.94M | 412.71M | 295.59M | -95.45M |
| Unlevered Free Cash Flow | 286.81M | 540.82M | 473.08M | 436.87M | 324.50M | -66.91M |
| Cash Interest Paid | 52.12M | 52.12M | 57.27M | 46.78M | 51.99M | 39.75M |
| Cash Income Tax Paid | 78.16M | 78.16M | 116.68M | 127.27M | 50.10M | 18.18M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 4.94B | 5.18B | 5.69B | 5.78B | 4.08B | 3.06B |
| Enterprise Value | 5.07B | 5.48B | 6.06B | 6.31B | 4.69B | 4.01B |
| Last Close Price | 25.81 | 26.91 | 28.58 | 28.06 | 19.36 | 14.66 |
| PE Ratio | 17.10 | 16.18 | 18.11 | 37.29 | 36.05 | |
| Forward PE | 14.52 | 14.33 | 15.17 | 17.33 | 18.16 | 50.63 |
| PS Ratio | 1.38 | 1.43 | 1.51 | 1.52 | 1.33 | 1.61 |
| PB Ratio | 2.58 | 2.83 | 3.43 | 3.45 | 2.33 | 1.90 |
| P/TBV Ratio | 4.71 | 5.96 | 7.45 | 8.14 | 6.13 | 6.56 |
| P/FCF Ratio | 14.43 | 11.55 | 14.30 | 18.61 | 16.75 | 11.54 |
| P/OCF Ratio | 10.23 | 8.79 | 10.53 | 13.98 | 12.44 | 9.86 |
| PEG Ratio | 29.07 | 29.07 | 29.07 | 29.07 | 29.07 | |
| EV/Sales Ratio | 1.42 | 1.51 | 1.61 | 1.66 | 1.53 | 2.11 |
| EV/EBITDA Ratio | 6.66 | 7.18 | 8.10 | 10.24 | 11.08 | 22.04 |
| EV/EBIT Ratio | 9.84 | 10.59 | 11.82 | 16.85 | 25.20 | |
| EV/FCF Ratio | 14.81 | 12.22 | 15.23 | 20.32 | 19.25 | 15.13 |
| Debt / Equity Ratio | 0.34 | 0.41 | 0.43 | 0.44 | 0.48 | 0.66 |
| Debt / EBITDA Ratio | 0.81 | 0.93 | 0.88 | 1.08 | 1.73 | 4.74 |
| Debt / FCF Ratio | 1.91 | 1.68 | 1.78 | 2.37 | 3.46 | 3.99 |
| Asset Turnover | 1.05 | 1.08 | 1.13 | 1.10 | 0.88 | 0.70 |
| Inventory Turnover | 4.59 | 4.79 | 4.92 | 5.27 | 4.78 | 4.61 |
| Quick Ratio | 1.20 | 1.24 | 1.05 | 0.99 | 1.04 | 1.22 |
| Current Ratio | 2.25 | 1.99 | 1.82 | 1.75 | 1.82 | 2.03 |
| Return on Equity (ROE) | 16.83% | 18.73% | 19.10% | 9.12% | 6.79% | -56.05% |
| Return on Assets (ROA) | 9.44% | 9.63% | 9.67% | 6.76% | 3.32% | -0.75% |
| Return on Invested Capital (ROIC) | 13.00% | 13.05% | 13.41% | 9.35% | 4.42% | -0.95% |
| Return on Capital Employed (ROCE) | 19.00% | 19.30% | 20.90% | 14.80% | 6.80% | |
| Earnings Yield | 5.93% | 6.18% | 5.52% | 2.68% | 2.77% | -24.33% |
| FCF Yield | 6.93% | 8.65% | 6.99% | 5.37% | 5.97% | 8.66% |
| Dividend Yield | 1.47% | 1.41% | 1.19% | 1.07% | ||
| Payout Ratio | 25.17% | 22.02% | 20.68% | 29.42% | ||
| Buyback Yield / Dilution | 2.13% | 3.13% | 3.55% | 0.51% | -40.41% | -91.14% |
| Total Shareholder Return | 3.60% | 4.54% | 4.74% | 1.58% | -40.41% | -91.14% |