NASDAQ : RFIL
RF Industries, Ltd. — Financial statements
Industrials · Electrical Equipment & Parts · United States
Last price 7.69 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 83.42M
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
RF Industries, Ltd. (RFIL) reported revenue of 86.31M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year November - October; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 86.31M | 80.59M | 64.86M | 72.17M | 85.25M | 57.42M |
| Cost of Revenue | 56.33M | 53.85M | 45.99M | 52.63M | 60.70M | 39.66M |
| Gross Profit | 29.98M | 26.74M | 18.87M | 19.54M | 24.55M | 17.77M |
| Selling, General & Admin | 21.61M | 20.94M | 18.71M | 20.18M | 17.35M | 11.87M |
| Research & Development | 3.70M | 2.98M | 2.78M | 3.15M | 2.91M | 1.48M |
| Operating Expenses | 25.31M | 23.92M | 21.49M | 23.33M | 20.26M | 13.35M |
| Operating Income | 4.67M | 2.81M | -2.62M | -3.80M | 4.29M | 4.42M |
| Other Non Operating Income (Expenses) | -836.00K | -972.00K | -980.00K | -453.00K | -601.00K | |
| EBT Excluding Unusual Items | 3.83M | 1.84M | -3.60M | -4.25M | 3.69M | 4.42M |
| Other Unusual Items | -729.00K | -1.03M | -201.00K | -2.10M | 2.80M | |
| Pretax Income | 3.10M | 813.00K | -3.80M | -4.25M | 1.59M | 7.22M |
| Income Tax Expense | 657.00K | 738.00K | 2.80M | -1.17M | 139.00K | 1.04M |
| Earnings From Continuing Operations | 2.44M | 75.00K | -6.60M | -3.08M | 1.45M | 6.18M |
| Net Income | 2.44M | 75.00K | -6.60M | -3.08M | 1.45M | 6.18M |
| Net Income to Common | 2.44M | 75.00K | -6.60M | -3.08M | 1.45M | 6.18M |
| Shares Outstanding (Basic) | 10.78M | 10.65M | 10.48M | 10.28M | 10.12M | 9.98M |
| Shares Outstanding (Diluted) | 11.34M | 10.77M | 10.48M | 10.28M | 10.24M | 10.15M |
| EPS (Basic) | 0.23 | 0.01 | -0.63 | -0.30 | 0.14 | 0.62 |
| EPS (Diluted) | 0.22 | 0.01 | -0.63 | -0.30 | 0.14 | 0.61 |
| Free Cash Flow | 3.22M | 4.34M | 2.43M | 1.70M | 217.00K | -3.35M |
| Free Cash Flow Per Share | 0.28 | 0.40 | 0.23 | 0.17 | 0.02 | -0.33 |
| Gross Margin | 34.73% | 33.18% | 29.10% | 27.07% | 28.79% | 30.94% |
| Operating Margin | 5.41% | 3.49% | -4.04% | -5.26% | 5.03% | 7.69% |
| Profit Margin | 2.83% | 0.09% | -10.17% | -4.26% | 1.70% | 10.76% |
| Free Cash Flow Margin | 3.73% | 5.39% | 3.74% | 2.36% | 0.26% | -5.83% |
| EBITDA | 7.12M | 5.28M | -86.00K | -1.36M | 5.98M | 5.18M |
| EBITDA Margin | 8.25% | 6.55% | -0.13% | -1.89% | 7.01% | 9.03% |
| D&A For EBITDA | 2.46M | 2.46M | 2.54M | 2.43M | 1.69M | 770.00K |
| EBIT | 4.67M | 2.81M | -2.62M | -3.80M | 4.29M | 4.42M |
| EBIT Margin | 5.41% | 3.49% | -4.04% | -5.26% | 5.03% | 7.69% |
| Effective Tax Rate | 21.19% | 90.77% | 8.76% | 14.36% | ||
| Advertising Expenses | 76.00K | 333.00K | 314.00K |
Balance sheet
Fiscal year November - October; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 4.45M | 5.08M | 839.00K | 4.90M | 4.53M | 13.05M |
| Short-Term Investments | 394.00K | 426.00K | 329.00K | 374.00K | ||
| Cash & Short-Term Investments | 4.85M | 5.50M | 1.17M | 5.27M | 4.53M | 13.05M |
| Accounts Receivable | 17.05M | 14.87M | 12.12M | 10.28M | 14.81M | 13.52M |
| Other Receivables | 2.81M | |||||
| Receivables | 17.05M | 14.87M | 12.12M | 10.28M | 17.62M | 13.52M |
| Inventory | 13.18M | 13.73M | 14.72M | 18.73M | 21.05M | 11.18M |
| Prepaid Expenses | 1.24M | 774.00K | 961.00K | 1.59M | 972.00K | 753.00K |
| Other Current Assets | 129.00K | 84.00K | 140.00K | 167.00K | 2.07M | 2.14M |
| Total Current Assets | 36.44M | 34.97M | 29.11M | 36.04M | 46.25M | 40.65M |
| Property, Plant & Equipment | 16.87M | 18.08M | 20.08M | 20.61M | 16.65M | 2.16M |
| Goodwill | 8.09M | 8.09M | 8.09M | 8.09M | 8.09M | 2.47M |
| Other Intangible Assets | 10.21M | 11.44M | 13.08M | 14.77M | 16.47M | 3.91M |
| Long-Term Deferred Tax Assets | 2.49M | 1.82M | 389.00K | |||
| Other Long-Term Assets | 488.00K | 477.00K | 688.00K | 277.00K | 295.00K | 70.00K |
| Total Assets | 72.10M | 73.05M | 71.05M | 82.28M | 89.57M | 49.65M |
| Accounts Payable | 3.29M | 3.11M | 3.80M | 3.20M | 5.65M | 3.50M |
| Accrued Expenses | 5.22M | 6.00M | 3.48M | 3.44M | 5.48M | 3.32M |
| Short-Term Debt | 5.72M | 7.84M | 8.20M | 1.00M | ||
| Current Portion of Long-Term Debt | 2.42M | 2.42M | ||||
| Current Portion of Leases | 2.26M | 2.05M | 1.85M | 1.31M | 1.89M | 832.00K |
| Current Income Taxes Payable | 260.00K | 759.00K | ||||
| Current Unearned Revenue | 11.00K | 232.00K | ||||
| Other Current Liabilities | 1.56M | 1.41M | 762.00K | 1.13M | 3.33M | 1.71M |
| Total Current Liabilities | 18.05M | 20.90M | 18.09M | 12.51M | 19.54M | 9.37M |
| Long-Term Debt | 10.72M | 13.14M | ||||
| Long-Term Leases | 15.21M | 16.70M | 18.68M | 19.28M | 15.03M | 675.00K |
| Long-Term Deferred Tax Liabilities | 286.00K | 247.00K | 210.00K | |||
| Total Liabilities | 33.55M | 37.84M | 36.98M | 42.52M | 47.70M | 10.04M |
| Common Stock | 109.00K | 107.00K | 106.00K | 104.00K | 102.00K | 101.00K |
| Additional Paid-In Capital | 29.12M | 28.05M | 26.99M | 26.09M | 25.12M | 24.30M |
| Retained Earnings | 9.32M | 7.05M | 6.97M | 13.57M | 16.65M | 15.20M |
| Shareholders' Equity | 38.55M | 35.20M | 34.07M | 39.76M | 41.87M | 39.60M |
| Total Liabilities & Equity | 72.10M | 73.05M | 71.05M | 82.28M | 89.57M | 49.65M |
| Total Debt | 23.19M | 26.59M | 28.73M | 34.74M | 32.47M | 1.51M |
| Net Cash (Debt) | -18.34M | -21.08M | -27.56M | -29.47M | -27.94M | 11.55M |
| Net Cash Per Share | -1.62 | -1.96 | -2.63 | -2.87 | -2.73 | 1.14 |
| Filing Date Shares Outstanding | 10.85M | 10.71M | 10.54M | 10.34M | 10.19M | 10.06M |
| Total Common Shares Outstanding | 10.85M | 10.71M | 10.54M | 10.34M | 10.19M | 10.06M |
| Working Capital | 18.39M | 14.07M | 11.02M | 23.53M | 26.71M | 31.28M |
| Book Value Per Share | 3.55 | 3.29 | 3.23 | 3.84 | 4.11 | 3.94 |
| Tangible Book Value | 20.25M | 15.68M | 12.90M | 16.91M | 17.31M | 33.22M |
| Tangible Book Value Per Share | 1.87 | 1.46 | 1.22 | 1.63 | 1.70 | 3.30 |
| Machinery | 11.28M | 11.35M | 11.12M | 10.43M | 7.94M | 5.07M |
| Order Backlog | 15.50M | 19.50M | 16.10M | 27.80M | 33.30M |
Cash flow statement
Fiscal year November - October; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 2.44M | 75.00K | -6.60M | -3.08M | 1.45M | 6.18M |
| Depreciation & Amortization | 2.46M | 2.46M | 2.54M | 2.43M | 1.69M | 770.00K |
| Other Amortization | 114.00K | 173.00K | 127.00K | 9.00K | 6.00K | |
| Loss (Gain) From Sale of Assets | 12.00K | -12.00K | ||||
| Stock-Based Compensation | 1.06M | 872.00K | 924.00K | 898.00K | 689.00K | 769.00K |
| Provision & Write-off of Bad Debts | 39.00K | 50.00K | 5.00K | 102.00K | 15.00K | 29.00K |
| Other Operating Activities | 79.00K | 37.00K | 2.70M | -677.00K | -1.43M | -2.36M |
| Change in Accounts Receivable | -1.74M | -2.80M | -1.85M | 4.43M | 1.50M | -7.88M |
| Change in Inventory | 992.00K | 990.00K | 4.00M | 2.32M | -6.15M | -2.59M |
| Change in Accounts Payable | -1.52M | -690.00K | 597.00K | -2.45M | 1.06M | 2.03M |
| Change in Income Taxes | 260.00K | -759.00K | 759.00K | -43.00K | ||
| Change in Other Net Operating Assets | -124.00K | 3.22M | 735.00K | 964.00K | 3.32M | -6.00K |
| Operating Cash Flow | 3.66M | 4.58M | 3.17M | 4.18M | 2.89M | -3.12M |
| Capital Expenditures | -442.00K | -235.00K | -738.00K | -2.48M | -2.67M | -227.00K |
| Sale of Property, Plant & Equipment | 12.00K | |||||
| Cash Acquisitions | -24.44M | |||||
| Investing Cash Flow | -442.00K | -223.00K | -738.00K | -2.48M | -27.12M | -227.00K |
| Short-Term Debt Issued | 51.45M | 2.00M | ||||
| Long-Term Debt Issued | 17.00M | |||||
| Total Debt Issued | 51.45M | 2.00M | 17.00M | |||
| Short-Term Debt Repaid | -361.00K | -44.26M | -1.00M | |||
| Long-Term Debt Repaid | -13.16M | -2.42M | -1.41M | |||
| Total Debt Repaid | -2.11M | -361.00K | -57.42M | -3.42M | -1.41M | |
| Net Debt Issued (Repaid) | -2.11M | -361.00K | -5.96M | -1.42M | 15.59M | |
| Issuance of Common Stock | 426.00K | 245.00K | 87.00K | 150.00K | 605.00K | |
| Other Financing Activities | -82.00K | -520.00K | -32.00K | |||
| Financing Cash Flow | -1.77M | -116.00K | -6.49M | -1.34M | 15.70M | 605.00K |
| Net Cash Flow | 1.45M | 4.24M | -4.06M | 365.00K | -8.52M | -2.74M |
| Free Cash Flow | 3.22M | 4.34M | 2.43M | 1.70M | 217.00K | -3.35M |
| Free Cash Flow Margin | 3.73% | 5.39% | 3.74% | 2.36% | 0.26% | -5.83% |
| Free Cash Flow Per Share | 0.28 | 0.40 | 0.23 | 0.17 | 0.02 | -0.33 |
| Levered Free Cash Flow | 4.15M | 6.47M | 4.31M | 1.98M | -5.04M | -4.01M |
| Unlevered Free Cash Flow | 4.03M | 6.30M | 4.18M | 1.97M | -5.05M | -4.01M |
| Cash Interest Paid | 889.00K | 889.00K | 883.00K | 529.00K | ||
| Cash Income Tax Paid | 926.00K | 194.00K | 64.00K | 642.00K | -314.00K | 949.00K |
| Change in Working Capital | -2.39M | 975.00K | 3.49M | 4.51M | 492.00K | -8.49M |
Ratios
Fiscal year November - October; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 83.58M | 83.42M | 43.44M | 30.46M | 54.94M | 76.41M |
| Enterprise Value | 101.93M | 107.12M | 70.69M | 56.84M | 82.86M | 65.38M |
| Last Close Price | 7.69 | 7.82 | 4.14 | 2.96 | 5.41 | 7.61 |
| PE Ratio | 35.05 | 1,112.26 | 37.95 | 12.36 | ||
| Forward PE | 11.01 | 23.34 | 36.00 | 12.33 | 10.51 | 21.44 |
| PS Ratio | 0.97 | 1.03 | 0.67 | 0.42 | 0.64 | 1.33 |
| PB Ratio | 2.16 | 2.37 | 1.27 | 0.77 | 1.31 | 1.93 |
| P/TBV Ratio | 4.15 | 5.32 | 3.37 | 1.80 | 3.17 | 2.30 |
| P/FCF Ratio | 26.11 | 19.20 | 17.90 | 17.89 | 253.20 | |
| P/OCF Ratio | 22.96 | 18.22 | 13.73 | 7.28 | 19.00 | |
| EV/Sales Ratio | 1.19 | 1.33 | 1.09 | 0.79 | 0.97 | 1.14 |
| EV/EBITDA Ratio | 14.38 | 20.30 | 13.86 | 12.61 | ||
| EV/EBIT Ratio | 21.95 | 38.07 | 19.32 | 14.81 | ||
| EV/FCF Ratio | 31.81 | 24.66 | 29.13 | 33.40 | 381.85 | |
| Debt / Equity Ratio | 0.60 | 0.76 | 0.84 | 0.87 | 0.78 | 0.04 |
| Debt / EBITDA Ratio | 2.30 | 3.23 | 10.01 | 23.04 | 4.16 | 0.24 |
| Debt / FCF Ratio | 7.20 | 6.12 | 11.84 | 20.41 | 149.64 | |
| Net Debt / Equity Ratio | 0.48 | 0.60 | 0.81 | 0.74 | 0.67 | -0.29 |
| Net Debt / EBITDA Ratio | 2.58 | 4.00 | -320.43 | -21.61 | 4.67 | -2.23 |
| Net Debt / FCF Ratio | 5.70 | 4.85 | 11.35 | 17.32 | 128.76 | 3.45 |
| Asset Turnover | 1.19 | 1.12 | 0.85 | 0.84 | 1.23 | 1.27 |
| Inventory Turnover | 4.12 | 3.78 | 2.75 | 2.65 | 3.77 | 4.01 |
| Quick Ratio | 1.21 | 0.97 | 0.73 | 1.24 | 1.13 | 2.84 |
| Current Ratio | 2.02 | 1.67 | 1.61 | 2.88 | 2.37 | 4.34 |
| Return on Equity (ROE) | 6.67% | 0.22% | -17.88% | -7.54% | 3.55% | 17.25% |
| Return on Assets (ROA) | 4.01% | 2.44% | -2.14% | -2.76% | 3.85% | 6.10% |
| Return on Invested Capital (ROIC) | 6.46% | 0.44% | -4.01% | -5.46% | 7.99% | 15.55% |
| Return on Capital Employed (ROCE) | 8.60% | 5.40% | -5.00% | -5.40% | 6.10% | 11.00% |
| Earnings Yield | 2.85% | 0.09% | -15.19% | -10.11% | 2.63% | 8.09% |
| FCF Yield | 3.83% | 5.21% | 5.59% | 5.59% | 0.40% | -4.38% |
| Buyback Yield / Dilution | -6.96% | -2.76% | -1.93% | -0.40% | -0.87% | -4.91% |
| Total Shareholder Return | -6.96% | -2.76% | -1.93% | -0.40% | -0.87% | -4.91% |