NASDAQ : PAHC
Phibro Animal Health Corporation — Financial statements
Healthcare · Drug Manufacturers - Specialty & Generic · United States
Last price 38.88 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 1.58B
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Financial statements
Phibro Animal Health Corporation (PAHC) reported revenue of 1.52B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year July - June; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Revenue | 1.52B | 1.52B | 1.30B | 1.02B | 977.89M | 942.26M |
| Cost of Revenue | 1.01B | 1.01B | 886.79M | 704.07M | 679.65M | 656.54M |
| Gross Profit | 505.97M | 505.97M | 409.42M | 313.61M | 298.24M | 285.72M |
| Selling, General & Admin | 309.33M | 309.33M | 268.15M | 250.92M | 223.34M | 183.53M |
| Research & Development | 20.83M | |||||
| Amortization of Goodwill & Intangibles | 2.40M | 2.40M | 2.38M | 2.99M | 3.04M | 2.98M |
| Operating Expenses | 311.73M | 311.73M | 270.53M | 253.91M | 226.39M | 207.34M |
| Operating Income | 194.24M | 194.24M | 138.89M | 59.71M | 71.85M | 78.38M |
| Interest Expense | -46.42M | -46.42M | -35.26M | -23.01M | -18.68M | -12.69M |
| Interest & Investment Income | 1.99M | 1.99M | 2.62M | 4.47M | 3.35M | 816.00K |
| Currency Exchange Gain (Loss) | -12.62M | -12.62M | -7.87M | -23.86M | -2.46M | 5.22M |
| EBT Excluding Unusual Items | 137.19M | 137.19M | 98.38M | 17.31M | 54.07M | 71.72M |
| Merger & Restructuring Charges | -11.91M | -11.91M | -25.98M | -7.29M | -595.00K | |
| Gain (Loss) on Sale of Investments | 1.20M | |||||
| Asset Writedown | -5.33M | |||||
| Other Unusual Items | 8.50M | 8.50M | -1.96M | |||
| Pretax Income | 137.35M | 137.35M | 67.99M | 10.92M | 54.07M | 72.33M |
| Income Tax Expense | 37.63M | 37.63M | 19.73M | 8.50M | 21.46M | 23.15M |
| Net Income | 99.72M | 99.72M | 48.26M | 2.42M | 32.61M | 49.17M |
| Net Income to Common | 99.72M | 99.72M | 48.26M | 2.42M | 32.61M | 49.17M |
| Shares Outstanding (Basic) | 40.55M | 40.55M | 40.52M | 40.50M | 40.50M | 40.50M |
| Shares Outstanding (Diluted) | 40.96M | 40.96M | 40.68M | 40.52M | 40.50M | 40.50M |
| EPS (Basic) | 2.46 | 2.46 | 1.19 | 0.06 | 0.81 | 1.21 |
| EPS (Diluted) | 2.43 | 2.43 | 1.19 | 0.06 | 0.81 | 1.21 |
| Free Cash Flow | 9.87M | 9.87M | 41.83M | 46.36M | -38.48M | -5.39M |
| Free Cash Flow Per Share | 0.24 | 0.24 | 1.03 | 1.14 | -0.95 | -0.13 |
| Dividend Per Share | 0.48 | 0.48 | 0.48 | 0.48 | 0.48 | 0.48 |
| Gross Margin | 33.33% | 33.33% | 31.59% | 30.82% | 30.50% | 30.32% |
| Operating Margin | 12.80% | 12.80% | 10.71% | 5.87% | 7.35% | 8.32% |
| Profit Margin | 6.57% | 6.57% | 3.72% | 0.24% | 3.33% | 5.22% |
| Free Cash Flow Margin | 0.65% | 0.65% | 3.23% | 4.55% | -3.94% | -0.57% |
| EBITDA | 244.23M | 244.23M | 183.08M | 94.45M | 104.40M | 110.04M |
| EBITDA Margin | 16.09% | 16.09% | 14.12% | 9.28% | 10.68% | 11.68% |
| D&A For EBITDA | 49.99M | 49.99M | 44.18M | 34.74M | 32.56M | 31.66M |
| EBIT | 194.24M | 194.24M | 138.89M | 59.71M | 71.85M | 78.38M |
| EBIT Margin | 12.80% | 12.80% | 10.71% | 5.87% | 7.35% | 8.32% |
| Effective Tax Rate | 27.40% | 27.40% | 29.02% | 77.87% | 39.70% | 32.01% |
Balance sheet
Fiscal year July - June; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 61.42M | 61.42M | 68.04M | 70.61M | 41.28M | 74.25M |
| Short-Term Investments | 20.57M | 20.57M | 9.00M | 44.00M | 40.00M | 17.00M |
| Trading Asset Securities | 1.99M | 1.99M | 1.44M | 13.15M | 14.03M | 7.42M |
| Cash & Short-Term Investments | 83.98M | 83.98M | 78.48M | 127.76M | 95.31M | 98.67M |
| Receivables | 238.79M | 238.79M | 227.98M | 169.45M | 163.48M | 166.54M |
| Inventory | 534.88M | 534.88M | 444.43M | 265.91M | 277.57M | 259.16M |
| Other Current Assets | 77.85M | 77.85M | 59.72M | 37.87M | 49.36M | 41.87M |
| Total Current Assets | 935.51M | 935.51M | 810.61M | 601.00M | 585.72M | 566.23M |
| Property, Plant & Equipment | 420.75M | 420.75M | 396.03M | 240.90M | 231.33M | 203.17M |
| Long-Term Investments | 11.69M | 11.69M | 5.23M | 5.18M | 15.25M | 17.23M |
| Goodwill | 60.05M | 60.05M | 59.65M | 54.56M | 53.27M | 53.23M |
| Other Intangible Assets | 30.05M | 30.05M | 36.47M | 45.03M | 54.99M | 63.86M |
| Long-Term Deferred Tax Assets | 17.01M | 17.01M | 25.55M | 19.37M | 8.71M | 5.85M |
| Long-Term Deferred Charges | 3.32M | 3.32M | 3.71M | 911.00K | 1.41M | 1.44M |
| Other Long-Term Assets | 22.86M | 22.86M | 23.66M | 15.23M | 20.71M | 20.69M |
| Total Assets | 1.50B | 1.50B | 1.36B | 982.18M | 971.40M | 931.70M |
| Accounts Payable | 127.31M | 127.31M | 138.20M | 85.57M | 73.85M | 95.60M |
| Accrued Expenses | 94.62M | 94.62M | 84.78M | 55.67M | 41.51M | 48.07M |
| Short-Term Debt | 6.88M | 6.88M | 5.48M | 5.18M | 4.77M | |
| Current Portion of Long-Term Debt | 25.02M | 25.02M | 16.25M | 29.80M | 22.30M | 15.00M |
| Current Portion of Leases | 10.57M | 10.57M | 9.13M | 7.46M | 6.05M | 6.05M |
| Current Income Taxes Payable | 22.13M | 22.13M | 8.40M | 2.93M | 8.66M | 7.21M |
| Other Current Liabilities | 29.93M | 29.93M | 31.24M | 17.54M | 18.86M | 18.90M |
| Total Current Liabilities | 316.47M | 316.47M | 293.47M | 204.15M | 176.00M | 190.83M |
| Long-Term Debt | 707.77M | 707.77M | 706.32M | 458.29M | 452.54M | 417.93M |
| Long-Term Leases | 45.40M | 45.40M | 33.74M | 29.91M | 29.08M | 31.51M |
| Pension & Post-Retirement Benefits | 10.64M | 10.64M | 10.85M | 12.13M | 13.05M | 13.78M |
| Other Long-Term Liabilities | 35.49M | 35.49M | 30.83M | 21.06M | 18.22M | 15.21M |
| Total Liabilities | 1.12B | 1.12B | 1.08B | 725.54M | 688.89M | 669.26M |
| Common Stock | 4.00K | 4.00K | 4.00K | 4.00K | 4.00K | 4.00K |
| Additional Paid-In Capital | 138.59M | 138.59M | 137.00M | 136.28M | 135.80M | 135.80M |
| Retained Earnings | 352.96M | 352.96M | 272.70M | 243.89M | 260.91M | 247.75M |
| Comprehensive Income & Other | -106.08M | -106.08M | -124.02M | -123.53M | -114.21M | -121.11M |
| Shareholders' Equity | 385.48M | 385.48M | 285.68M | 256.64M | 282.51M | 262.44M |
| Total Liabilities & Equity | 1.50B | 1.50B | 1.36B | 982.18M | 971.40M | 931.70M |
| Total Debt | 795.65M | 795.65M | 770.91M | 530.64M | 514.74M | 470.48M |
| Net Cash (Debt) | -711.66M | -711.66M | -692.43M | -402.88M | -419.42M | -371.82M |
| Net Cash Per Share | -17.37 | -17.37 | -17.02 | -9.94 | -10.36 | -9.18 |
| Filing Date Shares Outstanding | 40.60M | 40.60M | 40.53M | 40.50M | 40.50M | 40.50M |
| Total Common Shares Outstanding | 40.56M | 40.56M | 40.53M | 40.50M | 40.50M | 40.50M |
| Working Capital | 619.04M | 619.04M | 517.13M | 396.85M | 409.72M | 375.40M |
| Book Value Per Share | 9.50 | 9.50 | 7.05 | 6.34 | 6.97 | 6.48 |
| Tangible Book Value | 295.38M | 295.38M | 189.57M | 157.05M | 174.25M | 145.35M |
| Tangible Book Value Per Share | 7.28 | 7.28 | 4.68 | 3.88 | 4.30 | 3.59 |
| Land | 33.03M | 33.03M | 33.05M | 30.62M | 27.81M | 11.93M |
| Buildings | 196.19M | 196.19M | 175.89M | 120.17M | 105.18M | 89.58M |
| Machinery | 414.43M | 414.43M | 391.99M | 273.96M | 291.45M | 274.30M |
| Construction In Progress | 40.89M | 40.89M | 32.72M | 23.89M | 34.74M | 30.65M |
Cash flow statement
Fiscal year July - June; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Net Income | 99.72M | 99.72M | 48.26M | 2.42M | 32.61M | 49.17M |
| Depreciation & Amortization | 49.99M | 49.99M | 44.18M | 34.74M | 32.56M | 31.66M |
| Other Amortization | 3.84M | 3.84M | 3.44M | 2.48M | 2.18M | 1.64M |
| Asset Writedown & Restructuring Costs | 5.33M | |||||
| Loss (Gain) From Sale of Investments | -1.20M | |||||
| Stock-Based Compensation | 1.60M | 1.60M | 717.00K | 475.00K | ||
| Other Operating Activities | 8.90M | 8.90M | -243.00K | 14.37M | -12.90M | -4.98M |
| Change in Accounts Receivable | -7.49M | -7.49M | -55.21M | -8.68M | 5.33M | -23.62M |
| Change in Inventory | -86.34M | -86.34M | -44.29M | 2.64M | -11.22M | -47.00M |
| Change in Accounts Payable | -12.46M | -12.46M | 45.55M | 12.00M | -22.83M | 26.36M |
| Change in Other Net Operating Assets | 11.20M | 11.20M | 32.38M | 27.15M | -12.42M | -373.00K |
| Operating Cash Flow | 68.95M | 68.95M | 80.12M | 87.59M | 13.31M | 31.65M |
| Capital Expenditures | -59.09M | -59.09M | -38.29M | -41.24M | -51.79M | -37.04M |
| Cash Acquisitions | -286.53M | -3.28M | -13.51M | |||
| Investment in Securities | -11.57M | -11.57M | 35.00M | -4.00M | -23.00M | 27.35M |
| Other Investing Activities | -792.00K | -792.00K | 1.13M | 326.00K | 776.00K | 620.00K |
| Investing Cash Flow | -71.45M | -71.45M | -288.69M | -48.19M | -74.02M | -22.58M |
| Short-Term Debt Issued | 8.41M | 8.41M | 7.53M | 8.59M | 6.36M | |
| Long-Term Debt Issued | 297.00M | 297.00M | 1.18B | 276.00M | 326.00M | 297.00M |
| Total Debt Issued | 305.41M | 305.41M | 1.19B | 284.59M | 332.36M | 297.00M |
| Short-Term Debt Repaid | -7.69M | -7.69M | -6.56M | -8.62M | -1.14M | |
| Long-Term Debt Repaid | -284.25M | -284.25M | -946.01M | -263.30M | -283.31M | -256.38M |
| Total Debt Repaid | -291.94M | -291.94M | -952.57M | -271.92M | -284.45M | -256.38M |
| Net Debt Issued (Repaid) | 13.47M | 13.47M | 236.96M | 12.67M | 47.90M | 40.62M |
| Common Dividends Paid | -19.46M | -19.46M | -19.45M | -19.44M | -19.44M | -19.44M |
| Other Financing Activities | -567.00K | -567.00K | -10.38M | -1.47M | -4.84M | |
| Financing Cash Flow | -6.56M | -6.56M | 207.13M | -6.77M | 26.99M | 16.34M |
| Foreign Exchange Rate Adjustments | 2.44M | 2.44M | -1.14M | -3.30M | 754.00K | -1.37M |
| Net Cash Flow | -6.62M | -6.62M | -2.57M | 29.33M | -32.97M | 24.04M |
| Free Cash Flow | 9.87M | 9.87M | 41.83M | 46.36M | -38.48M | -5.39M |
| Free Cash Flow Margin | 0.65% | 0.65% | 3.23% | 4.55% | -3.94% | -0.57% |
| Free Cash Flow Per Share | 0.24 | 0.24 | 1.03 | 1.14 | -0.95 | -0.13 |
| Levered Free Cash Flow | -19.30M | -19.30M | -83.17M | 55.39M | -33.57M | 429.38K |
| Unlevered Free Cash Flow | 7.39M | 7.39M | -63.14M | 68.74M | -22.62M | 7.77M |
| Cash Income Tax Paid | 20.62M | 20.62M | 13.40M | 15.43M | 20.41M | 17.85M |
| Change in Working Capital | -95.10M | -95.10M | -21.56M | 33.11M | -41.13M | -44.64M |
Ratios
Fiscal year July - June; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 1.58B | 1.27B | 1.04B | 679.25M | 554.90M | 774.83M |
| Enterprise Value | 2.29B | 1.98B | 1.73B | 1.09B | 983.14M | 1.13B |
| Last Close Price | 38.88 | 31.30 | 25.14 | 16.17 | 12.74 | 17.18 |
| PE Ratio | 16.00 | 12.77 | 21.45 | 281.14 | 17.02 | 15.76 |
| Forward PE | 11.12 | 9.73 | 10.58 | 14.49 | 10.22 | 14.48 |
| PS Ratio | 1.04 | 0.84 | 0.80 | 0.67 | 0.57 | 0.82 |
| PB Ratio | 4.09 | 3.30 | 3.62 | 2.65 | 1.96 | 2.95 |
| P/TBV Ratio | 5.34 | 4.31 | 5.46 | 4.33 | 3.19 | 5.33 |
| P/FCF Ratio | 160.00 | 129.10 | 24.75 | 14.65 | ||
| P/OCF Ratio | 22.89 | 18.47 | 12.92 | 7.75 | 41.69 | 24.48 |
| PEG Ratio | 0.46 | 0.52 | 4.26 | 1.67 | 1.67 | |
| EV/Sales Ratio | 1.51 | 1.31 | 1.33 | 1.07 | 1.00 | 1.20 |
| EV/EBITDA Ratio | 9.38 | 8.12 | 9.45 | 11.55 | 9.42 | 10.31 |
| EV/EBIT Ratio | 11.79 | 10.22 | 12.46 | 18.27 | 13.68 | 14.48 |
| EV/FCF Ratio | 232.14 | 201.12 | 41.36 | 23.54 | ||
| Debt / Equity Ratio | 2.06 | 2.06 | 2.70 | 2.07 | 1.82 | 1.79 |
| Debt / EBITDA Ratio | 3.06 | 3.06 | 3.92 | 5.01 | 4.46 | 3.89 |
| Debt / FCF Ratio | 80.64 | 80.64 | 18.43 | 11.45 | ||
| Net Debt / Equity Ratio | 1.85 | 1.85 | 2.42 | 1.57 | 1.49 | 1.42 |
| Net Debt / EBITDA Ratio | 2.91 | 2.91 | 3.78 | 4.27 | 4.02 | 3.38 |
| Net Debt / FCF Ratio | 72.13 | 72.13 | 16.55 | 8.69 | -10.90 | -68.92 |
| Asset Turnover | 1.06 | 1.06 | 1.11 | 1.04 | 1.03 | 1.06 |
| Inventory Turnover | 2.07 | 2.07 | 2.50 | 2.59 | 2.53 | 2.76 |
| Quick Ratio | 1.02 | 1.02 | 1.04 | 1.46 | 1.47 | 1.39 |
| Current Ratio | 2.96 | 2.96 | 2.76 | 2.94 | 3.33 | 2.97 |
| Return on Equity (ROE) | 29.72% | 29.72% | 17.80% | 0.90% | 11.97% | 19.63% |
| Return on Assets (ROA) | 8.48% | 8.48% | 7.41% | 3.82% | 4.72% | 5.53% |
| Return on Invested Capital (ROIC) | 13.00% | 13.59% | 12.04% | 1.94% | 6.49% | 8.81% |
| Return on Capital Employed (ROCE) | 16.40% | 16.40% | 13.00% | 7.70% | 9.00% | 10.60% |
| Earnings Yield | 6.25% | 7.83% | 4.66% | 0.36% | 5.88% | 6.35% |
| FCF Yield | 0.62% | 0.78% | 4.04% | 6.83% | -6.93% | -0.70% |
| Dividend Yield | 1.23% | 1.53% | 1.88% | 2.86% | 3.50% | 2.51% |
| Payout Ratio | 19.75% | 19.52% | 40.30% | 804.72% | 59.63% | 39.54% |
| Buyback Yield / Dilution | -0.70% | -0.70% | -0.38% | -0.05% | -0.08% | |
| Total Shareholder Return | 0.53% | 0.83% | 1.50% | 2.81% | 3.50% | 2.43% |