NASDAQ : EXPO
Exponent, Inc. — Financial statements
Industrials · Engineering & Construction · United States
Last price 80.26 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 3.82B
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Exponent, Inc. (EXPO) reported revenue of 583.12M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year February - January; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 583.12M | 536.76M | 518.49M | 497.19M | 463.82M | 434.85M |
| Cost of Revenue | 362.91M | 341.99M | 330.01M | 319.89M | 264.24M | 278.05M |
| Gross Profit | 220.21M | 194.77M | 188.48M | 177.30M | 199.59M | 156.80M |
| Selling, General & Admin | 42.94M | 40.80M | 36.56M | 34.98M | 32.62M | 23.90M |
| Other Operating Expenses | 36.86M | 34.18M | 32.37M | 31.00M | 26.12M | 23.98M |
| Operating Expenses | 79.80M | 74.98M | 68.92M | 65.98M | 58.74M | 47.88M |
| Operating Income | 140.42M | 119.79M | 119.56M | 111.32M | 140.84M | 108.93M |
| Interest & Investment Income | 5.04M | 9.31M | 10.00M | 7.15M | 2.10M | 66.00K |
| Currency Exchange Gain (Loss) | -158.00K | -158.00K | -14.00K | -259.00K | 522.00K | -517.00K |
| Other Non Operating Income (Expenses) | 14.90M | 18.36M | 17.83M | 17.68M | -11.23M | 17.36M |
| EBT Excluding Unusual Items | 160.20M | 147.30M | 147.37M | 135.90M | 132.23M | 125.84M |
| Pretax Income | 160.20M | 147.30M | 147.37M | 135.90M | 132.23M | 125.84M |
| Income Tax Expense | 45.53M | 41.29M | 38.37M | 35.56M | 29.90M | 24.64M |
| Net Income | 114.67M | 106.01M | 109.00M | 100.34M | 102.33M | 101.20M |
| Net Income to Common | 114.67M | 106.01M | 109.00M | 100.34M | 102.33M | 101.20M |
| Shares Outstanding (Basic) | 49.24M | 50.90M | 51.13M | 51.15M | 51.73M | 52.61M |
| Shares Outstanding (Diluted) | 49.55M | 51.24M | 51.57M | 51.63M | 52.28M | 53.33M |
| EPS (Basic) | 2.33 | 2.08 | 2.13 | 1.96 | 1.98 | 1.92 |
| EPS (Diluted) | 2.32 | 2.07 | 2.11 | 1.94 | 1.96 | 1.90 |
| Free Cash Flow | 122.34M | 137.60M | 111.00M | 81.76M | 117.74M | |
| Free Cash Flow Per Share | 2.39 | 2.67 | 2.15 | 1.56 | 2.21 | |
| Dividend Per Share | 1.23 | 1.20 | 1.12 | 1.04 | 0.96 | 0.80 |
| Gross Margin | 37.76% | 36.29% | 36.35% | 35.66% | 43.03% | 36.06% |
| Operating Margin | 24.08% | 22.32% | 23.06% | 22.39% | 30.37% | 25.05% |
| Profit Margin | 19.66% | 19.75% | 21.02% | 20.18% | 22.06% | 23.27% |
| Free Cash Flow Margin | 22.79% | 26.54% | 22.32% | 17.63% | 27.08% | |
| EBITDA | 150.99M | 129.87M | 129.25M | 120.24M | 147.92M | 115.41M |
| EBITDA Margin | 25.89% | 24.20% | 24.93% | 24.18% | 31.89% | 26.54% |
| D&A For EBITDA | 10.57M | 10.08M | 9.69M | 8.92M | 7.08M | 6.49M |
| EBIT | 140.42M | 119.79M | 119.56M | 111.32M | 140.84M | 108.93M |
| EBIT Margin | 24.08% | 22.32% | 23.06% | 22.39% | 30.37% | 25.05% |
| Effective Tax Rate | 28.42% | 28.03% | 26.04% | 26.16% | 22.61% | 19.58% |
| Revenue as Reported | 659.07M | 582.01M | 558.51M | 536.77M | 513.29M | 466.27M |
Balance sheet
Fiscal year February - January; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 114.69M | 221.93M | 258.90M | 187.15M | 161.46M | 297.69M |
| Cash & Short-Term Investments | 114.69M | 221.93M | 258.90M | 187.15M | 161.46M | 297.69M |
| Receivables | 209.60M | 181.51M | 161.41M | 167.36M | 170.11M | 139.86M |
| Prepaid Expenses | 28.98M | 8.08M | 8.99M | 11.00M | 6.29M | 5.83M |
| Other Current Assets | 16.06M | 17.58M | 14.02M | 11.29M | 9.38M | |
| Total Current Assets | 353.27M | 427.58M | 446.88M | 379.53M | 349.16M | 452.76M |
| Property, Plant & Equipment | 138.11M | 145.36M | 148.25M | 99.92M | 83.55M | 74.34M |
| Goodwill | 8.61M | 8.61M | 8.61M | 8.61M | 8.61M | 8.61M |
| Long-Term Deferred Tax Assets | 67.08M | 57.13M | 53.82M | 53.91M | 46.55M | |
| Other Long-Term Assets | 193.09M | 128.90M | 116.40M | 104.90M | 91.44M | 101.48M |
| Total Assets | 693.08M | 777.52M | 777.27M | 646.78M | 586.66M | 683.74M |
| Accounts Payable | 34.73M | 6.87M | 5.27M | 4.49M | 8.64M | 3.19M |
| Accrued Expenses | 121.99M | 145.37M | 136.15M | 129.41M | 126.30M | 124.86M |
| Current Portion of Leases | 6.53M | 6.89M | 5.39M | 6.30M | 5.26M | 5.16M |
| Current Unearned Revenue | 18.50M | 18.87M | 16.37M | 21.71M | 18.83M | 19.76M |
| Total Current Liabilities | 181.76M | 178.00M | 163.18M | 161.91M | 159.03M | 152.98M |
| Long-Term Leases | 74.61M | 75.94M | 76.08M | 21.96M | 13.34M | 9.81M |
| Other Long-Term Liabilities | 128.82M | 133.23M | 116.94M | 106.82M | 93.54M | 103.89M |
| Total Liabilities | 385.19M | 387.18M | 356.20M | 290.69M | 265.91M | 266.67M |
| Common Stock | 66.00K | 66.00K | 66.00K | 66.00K | 66.00K | 66.00K |
| Additional Paid-In Capital | 392.78M | 369.75M | 345.69M | 321.45M | 301.00M | 281.42M |
| Retained Earnings | 712.32M | 668.42M | 624.15M | 574.08M | 528.81M | 478.37M |
| Treasury Stock | -794.79M | -645.61M | -545.05M | -536.53M | -505.54M | -340.81M |
| Comprehensive Income & Other | -2.50M | -2.29M | -3.79M | -2.98M | -3.59M | -1.98M |
| Shareholders' Equity | 307.89M | 390.34M | 421.07M | 356.08M | 320.75M | 417.06M |
| Total Liabilities & Equity | 693.08M | 777.52M | 777.27M | 646.78M | 586.66M | 683.74M |
| Total Debt | 81.14M | 82.83M | 81.48M | 28.26M | 18.60M | 14.97M |
| Net Cash (Debt) | 33.55M | 139.10M | 177.42M | 158.89M | 142.86M | 282.72M |
| Net Cash Per Share | 0.68 | 2.71 | 3.44 | 3.08 | 2.73 | 5.30 |
| Filing Date Shares Outstanding | 48.13M | 49.25M | 50.82M | 50.56M | 50.64M | 52.12M |
| Total Common Shares Outstanding | 48.13M | 49.62M | 50.81M | 50.57M | 50.64M | 52.12M |
| Working Capital | 171.51M | 249.58M | 283.70M | 217.62M | 190.13M | 299.78M |
| Book Value Per Share | 6.40 | 7.87 | 8.29 | 7.04 | 6.33 | 8.00 |
| Tangible Book Value | 299.28M | 381.73M | 412.46M | 347.48M | 312.14M | 408.46M |
| Tangible Book Value Per Share | 6.22 | 7.69 | 8.12 | 6.87 | 6.16 | 7.84 |
| Land | 18.34M | 18.34M | 18.34M | 18.34M | 18.34M | |
| Buildings | 70.42M | 70.42M | 69.70M | 69.60M | 64.85M | |
| Machinery | 76.54M | 70.79M | 66.42M | 65.11M | 60.96M | |
| Construction In Progress | 2.40M | 219.00K | 1.11M | 1.38M | 526.00K | |
| Leasehold Improvements | 26.36M | 25.45M | 23.76M | 14.14M | 13.69M |
Cash flow statement
Fiscal year February - January; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 106.01M | 109.00M | 100.34M | 102.33M | 101.20M | |
| Depreciation & Amortization | 10.08M | 9.69M | 8.92M | 7.08M | 6.49M | |
| Loss (Gain) From Sale of Investments | -11.00K | |||||
| Stock-Based Compensation | 23.80M | 23.24M | 20.36M | 20.36M | 19.26M | |
| Provision & Write-off of Bad Debts | 2.99M | 4.45M | 3.23M | 3.08M | 1.96M | |
| Other Operating Activities | -9.95M | -3.30M | 85.00K | -7.36M | -6.00M | |
| Change in Accounts Receivable | -23.09M | 1.50M | -471.00K | -33.33M | -30.25M | |
| Change in Accounts Payable | 7.68M | 436.00K | -5.05M | 2.21M | 8.44M | |
| Change in Unearned Revenue | 2.50M | -5.34M | 2.88M | -928.00K | 7.96M | |
| Change in Other Net Operating Assets | 11.71M | 4.86M | -2.92M | 363.00K | 15.52M | |
| Operating Cash Flow | 131.73M | 144.54M | 127.35M | 93.81M | 124.57M | |
| Capital Expenditures | -9.39M | -6.94M | -16.36M | -12.04M | -6.83M | |
| Investment in Securities | 45.00M | |||||
| Investing Cash Flow | -9.39M | -6.94M | -16.36M | -12.04M | 38.18M | |
| Issuance of Common Stock | 2.37M | 5.74M | 2.18M | 2.02M | 3.11M | |
| Repurchase of Common Stock | -101.26M | -12.63M | -34.15M | -168.76M | -22.67M | |
| Common Dividends Paid | -61.54M | -58.21M | -54.04M | -49.24M | -43.20M | |
| Financing Cash Flow | -160.43M | -65.11M | -86.01M | -215.98M | -62.75M | |
| Foreign Exchange Rate Adjustments | 1.12M | -739.00K | 705.00K | -2.02M | 169.00K | |
| Net Cash Flow | -36.97M | 71.75M | 25.69M | -136.23M | 100.16M | |
| Free Cash Flow | 122.34M | 137.60M | 111.00M | 81.76M | 117.74M | |
| Free Cash Flow Margin | 22.79% | 26.54% | 22.32% | 17.63% | 27.08% | |
| Free Cash Flow Per Share | 2.39 | 2.67 | 2.15 | 1.56 | 2.21 | |
| Levered Free Cash Flow | 95.01M | 107.30M | 79.65M | 76.76M | 92.73M | |
| Unlevered Free Cash Flow | 95.01M | 107.30M | 79.65M | 76.76M | 92.73M | |
| Cash Income Tax Paid | 47.99M | 39.72M | 38.94M | 40.12M | 27.91M | |
| Change in Working Capital | -1.20M | 1.46M | -5.57M | -31.68M | 1.67M |
Ratios
Fiscal year February - January; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 3.82B | 3.50B | 4.51B | 4.46B | 5.02B | 6.08B |
| Enterprise Value | 3.78B | 3.37B | 4.37B | 4.35B | 4.89B | 5.84B |
| Last Close Price | 80.26 | 69.19 | 86.32 | 84.46 | 93.99 | 109.62 |
| PE Ratio | 34.64 | 33.01 | 41.41 | 44.42 | 49.03 | 60.11 |
| Forward PE | 25.52 | 32.05 | 43.05 | 41.40 | 49.18 | 62.76 |
| PS Ratio | 6.54 | 6.52 | 8.71 | 8.96 | 10.82 | 13.99 |
| PB Ratio | 12.55 | 8.96 | 10.72 | 12.52 | 15.64 | 14.59 |
| P/TBV Ratio | 12.75 | 9.17 | 10.94 | 12.83 | 16.07 | 14.89 |
| P/FCF Ratio | 35.15 | 28.61 | 32.80 | 40.15 | 61.37 | 51.66 |
| P/OCF Ratio | 32.30 | 26.57 | 31.23 | 35.00 | 53.49 | 48.83 |
| PEG Ratio | 5.65 | 5.65 | 5.65 | 5.65 | 3.46 | |
| EV/Sales Ratio | 6.49 | 6.29 | 8.44 | 8.74 | 10.54 | 13.44 |
| EV/EBITDA Ratio | 25.05 | 25.99 | 33.85 | 36.16 | 33.04 | 50.64 |
| EV/EBIT Ratio | 26.94 | 28.17 | 36.59 | 39.05 | 34.70 | 53.66 |
| EV/FCF Ratio | 34.84 | 27.59 | 31.79 | 39.17 | 59.78 | 49.64 |
| Debt / Equity Ratio | 0.26 | 0.21 | 0.19 | 0.08 | 0.06 | 0.04 |
| Debt / EBITDA Ratio | 0.49 | 0.57 | 0.57 | 0.22 | 0.12 | 0.12 |
| Debt / FCF Ratio | 0.68 | 0.59 | 0.26 | 0.23 | 0.13 | |
| Net Debt / Equity Ratio | -0.11 | -0.36 | -0.42 | -0.45 | -0.45 | -0.68 |
| Net Debt / EBITDA Ratio | -0.22 | -1.07 | -1.37 | -1.32 | -0.97 | -2.45 |
| Net Debt / FCF Ratio | -1.14 | -1.29 | -1.43 | -1.75 | -2.40 | |
| Asset Turnover | 0.80 | 0.69 | 0.73 | 0.81 | 0.73 | 0.69 |
| Quick Ratio | 1.78 | 2.27 | 2.58 | 2.19 | 2.08 | 2.86 |
| Current Ratio | 1.94 | 2.40 | 2.74 | 2.34 | 2.20 | 2.96 |
| Return on Equity (ROE) | 32.27% | 26.13% | 28.05% | 29.65% | 27.74% | 26.00% |
| Return on Assets (ROA) | 12.07% | 9.63% | 10.49% | 11.28% | 13.86% | 10.77% |
| Return on Invested Capital (ROIC) | 34.84% | 34.84% | 40.12% | 43.83% | 69.81% | 64.03% |
| Return on Capital Employed (ROCE) | 27.50% | 20.00% | 19.50% | 23.00% | 32.90% | 20.50% |
| Earnings Yield | 2.89% | 3.03% | 2.42% | 2.25% | 2.04% | 1.66% |
| FCF Yield | 2.84% | 3.50% | 3.05% | 2.49% | 1.63% | 1.94% |
| Dividend Yield | 1.54% | 1.70% | 1.26% | 1.18% | 0.97% | 0.69% |
| Payout Ratio | 53.52% | 58.05% | 53.41% | 53.86% | 48.12% | 42.69% |
| Buyback Yield / Dilution | 3.81% | 0.63% | 0.13% | 1.23% | 1.97% | -0.01% |
| Total Shareholder Return | 5.36% | 2.33% | 1.39% | 2.41% | 2.94% | 0.67% |