NASDAQ : STRR
Star Equity Holdings, Inc. — Financial statements
Industrials · Conglomerates · United States
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Financial statements
Star Equity Holdings, Inc. (STRR) reported revenue of 209.75M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 209.75M | 172.16M | 140.06M | 161.34M | 200.92M | 169.21M |
| Cost of Revenue | 192.64M | 155.84M | 128.21M | 143.93M | 176.08M | 154.09M |
| Gross Profit | 17.12M | 16.32M | 11.84M | 17.41M | 24.84M | 15.12M |
| Selling, General & Admin | 21.32M | 17.19M | 14.29M | 14.56M | 14.06M | 9.93M |
| Operating Expenses | 22.64M | 18.40M | 15.65M | 16.02M | 15.44M | 10.53M |
| Operating Income | -5.53M | -2.08M | -3.81M | 1.38M | 9.40M | 4.59M |
| Interest Expense | -56.00K | |||||
| Interest & Investment Income | 178.00K | 260.00K | 360.00K | 372.00K | 83.00K | 33.00K |
| Other Non Operating Income (Expenses) | -410.00K | -428.00K | -21.00K | 813.00K | 40.00K | -83.00K |
| EBT Excluding Unusual Items | -5.82M | -2.25M | -3.47M | 2.57M | 9.52M | 4.54M |
| Merger & Restructuring Charges | -1.61M | -1.61M | -63.00K | -200.00K | ||
| Pretax Income | -7.43M | -3.86M | -3.47M | 2.57M | 9.46M | 4.34M |
| Income Tax Expense | 1.69M | 2.06M | 1.30M | 370.00K | 2.33M | 1.12M |
| Earnings From Continuing Operations | -9.11M | -5.92M | -4.77M | 2.20M | 7.13M | 3.23M |
| Net Income | -9.11M | -5.92M | -4.77M | 2.20M | 7.13M | 3.23M |
| Preferred Dividends & Other Adjustments | 1.94M | 740.00K | ||||
| Net Income to Common | -11.05M | -6.66M | -4.77M | 2.20M | 7.13M | 3.23M |
| Shares Outstanding (Basic) | 3.56M | 3.20M | 3.00M | 3.06M | 3.01M | 2.92M |
| Shares Outstanding (Diluted) | 3.56M | 3.20M | 3.00M | 3.14M | 3.14M | 3.00M |
| EPS (Basic) | -3.10 | -2.08 | -1.59 | 0.72 | 2.37 | 1.11 |
| EPS (Diluted) | -3.10 | -2.08 | -1.59 | 0.70 | 2.27 | 1.07 |
| Free Cash Flow | -14.17M | -8.96M | -2.81M | 216.00K | 8.95M | 2.22M |
| Free Cash Flow Per Share | -3.98 | -2.80 | -0.94 | 0.07 | 2.85 | 0.74 |
| Gross Margin | 8.16% | 9.48% | 8.46% | 10.79% | 12.36% | 8.94% |
| Operating Margin | -2.63% | -1.21% | -2.72% | 0.86% | 4.68% | 2.71% |
| Profit Margin | -5.27% | -3.87% | -3.41% | 1.36% | 3.55% | 1.91% |
| Free Cash Flow Margin | -6.76% | -5.20% | -2.00% | 0.13% | 4.45% | 1.31% |
| EBITDA | -2.10M | 1.00K | -2.45M | 2.85M | 10.78M | 5.19M |
| EBITDA Margin | -1.00% | 0.00% | -1.75% | 1.77% | 5.36% | 3.07% |
| D&A For EBITDA | 3.43M | 2.08M | 1.36M | 1.47M | 1.38M | 597.00K |
| EBIT | -5.53M | -2.08M | -3.81M | 1.38M | 9.40M | 4.59M |
| EBIT Margin | -2.63% | -1.21% | -2.72% | 0.86% | 4.68% | 2.71% |
| Effective Tax Rate | 14.41% | 24.64% | 25.71% | |||
| Revenue as Reported | 209.75M | 172.16M | 140.06M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 6.83M | 10.27M | 17.01M | 22.61M | 27.12M | 21.71M |
| Short-Term Investments | 4.26M | 3.77M | ||||
| Cash & Short-Term Investments | 11.10M | 14.04M | 17.01M | 22.61M | 27.12M | 21.71M |
| Accounts Receivable | 34.94M | 35.22M | 20.09M | 19.71M | 26.27M | 25.75M |
| Receivables | 35.18M | 35.48M | 20.09M | 19.71M | 26.27M | 25.75M |
| Inventory | 6.95M | 6.99M | ||||
| Prepaid Expenses | 3.06M | 4.17M | 2.56M | 3.17M | 1.96M | 1.48M |
| Restricted Cash | 1.54M | 1.82M | 476.00K | 354.00K | 160.00K | 222.00K |
| Total Current Assets | 57.83M | 62.49M | 40.14M | 45.85M | 55.51M | 49.16M |
| Property, Plant & Equipment | 30.32M | 30.29M | 1.27M | 1.85M | 1.36M | 848.00K |
| Long-Term Investments | 953.00K | 953.00K | ||||
| Goodwill | 5.90M | 5.94M | 5.70M | 5.75M | 4.88M | 4.22M |
| Other Intangible Assets | 1.35M | 1.69M | 2.49M | 3.63M | 4.52M | 5.49M |
| Long-Term Deferred Tax Assets | 2.37M | 1.91M | 2.65M | 3.36M | 1.48M | 1.34M |
| Other Long-Term Assets | 566.00K | 1.33M | 335.00K | 522.00K | 206.00K | 182.00K |
| Total Assets | 108.24M | 113.23M | 52.58M | 60.96M | 67.94M | 61.24M |
| Accounts Payable | 5.35M | 4.77M | 1.79M | 868.00K | 1.68M | 871.00K |
| Accrued Expenses | 12.97M | 14.43M | 8.68M | 9.48M | 17.69M | 17.18M |
| Short-Term Debt | 8.96M | 8.47M | ||||
| Current Portion of Long-Term Debt | 1.25M | 750.00K | ||||
| Current Portion of Leases | 729.00K | 655.00K | 623.00K | 768.00K | 337.00K | 363.00K |
| Current Unearned Revenue | 1.44M | 1.50M | 129.00K | 96.00K | 170.00K | 533.00K |
| Total Current Liabilities | 29.46M | 29.83M | 11.22M | 11.21M | 21.12M | 19.69M |
| Long-Term Debt | 5.12M | 6.06M | 1.25M | |||
| Long-Term Leases | 13.38M | 11.23M | 441.00K | 664.00K | 348.00K | 118.00K |
| Other Long-Term Liabilities | 477.00K | 407.00K | 492.00K | 530.00K | 680.00K | 865.00K |
| Total Liabilities | 48.44M | 47.52M | 12.15M | 12.40M | 22.15M | 21.93M |
| Common Stock | 5.00K | 5.00K | 4.00K | 4.00K | 4.00K | 4.00K |
| Additional Paid-In Capital | 530.92M | 530.14M | 494.21M | 493.04M | 491.57M | 489.25M |
| Retained Earnings | -441.57M | -435.93M | -430.02M | -425.25M | -427.39M | -434.52M |
| Treasury Stock | -28.03M | -27.14M | -21.05M | -17.95M | -16.75M | -15.33M |
| Comprehensive Income & Other | -1.53M | -1.36M | -2.72M | -1.29M | -1.64M | -85.00K |
| Total Common Equity | 59.79M | 65.70M | 40.43M | 48.55M | 45.79M | 39.32M |
| Shareholders' Equity | 59.80M | 65.71M | 40.43M | 48.55M | 45.79M | 39.32M |
| Total Liabilities & Equity | 108.24M | 113.23M | 52.58M | 60.96M | 67.94M | 61.24M |
| Total Debt | 28.20M | 26.42M | 1.06M | 1.43M | 1.94M | 2.48M |
| Net Cash (Debt) | -17.10M | -12.38M | 15.95M | 21.18M | 25.19M | 19.23M |
| Net Cash Per Share | -4.80 | -3.87 | 5.32 | 6.74 | 8.03 | 6.40 |
| Filing Date Shares Outstanding | 3.69M | 3.71M | 2.75M | 2.82M | 2.84M | 2.72M |
| Total Common Shares Outstanding | 3.70M | 3.75M | 2.75M | 2.81M | 2.79M | 2.71M |
| Working Capital | 28.37M | 32.66M | 28.92M | 34.64M | 34.39M | 29.47M |
| Book Value Per Share | 16.16 | 17.50 | 14.70 | 17.30 | 16.39 | 14.52 |
| Tangible Book Value | 52.54M | 58.07M | 32.23M | 39.18M | 36.40M | 29.61M |
| Tangible Book Value Per Share | 14.20 | 15.47 | 11.72 | 13.96 | 13.03 | 10.94 |
| Land | 795.00K | 1.13M | ||||
| Buildings | 7.12M | 9.07M | ||||
| Machinery | 14.10M | 12.75M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -9.11M | -5.92M | -4.77M | 2.20M | 7.13M | 3.23M |
| Depreciation & Amortization | 3.43M | 2.08M | 1.36M | 1.47M | 1.38M | 597.00K |
| Loss (Gain) From Sale of Assets | -760.00K | -396.00K | ||||
| Loss (Gain) From Sale of Investments | 56.00K | 176.00K | ||||
| Stock-Based Compensation | 2.06M | 1.50M | 1.28M | 1.47M | 2.32M | 2.42M |
| Provision & Write-off of Bad Debts | 293.00K | 103.00K | 24.00K | 483.00K | 26.00K | 147.00K |
| Other Operating Activities | -196.00K | 637.00K | 532.00K | -1.09M | -236.00K | -350.00K |
| Change in Accounts Receivable | 14.00K | -2.59M | -1.27M | 6.92M | -2.13M | -11.68M |
| Change in Inventory | 2.15M | 2.11M | ||||
| Change in Accounts Payable | -6.24M | -2.54M | 556.00K | -3.38M | -546.00K | 8.57M |
| Change in Unearned Revenue | -2.30M | -2.25M | 36.00K | |||
| Change in Other Net Operating Assets | 902.00K | -175.00K | -531.00K | -7.75M | 1.51M | -434.00K |
| Operating Cash Flow | -9.71M | -7.25M | -2.79M | 315.00K | 9.45M | 2.51M |
| Capital Expenditures | -4.46M | -1.70M | -18.00K | -99.00K | -504.00K | -284.00K |
| Sale of Property, Plant & Equipment | 1.02M | 601.00K | 3.00K | |||
| Cash Acquisitions | 6.83M | 6.83M | -2.06M | -825.00K | -6.01M | |
| Investment in Securities | -1.76M | -1.31M | ||||
| Other Investing Activities | 3.53M | 149.00K | 1.08M | |||
| Investing Cash Flow | 5.17M | 4.57M | 1.06M | -2.15M | -1.33M | -6.30M |
| Long-Term Debt Issued | 12.81M | |||||
| Total Debt Issued | 35.85M | 12.81M | ||||
| Long-Term Debt Repaid | -10.94M | |||||
| Total Debt Repaid | -34.47M | -10.94M | ||||
| Net Debt Issued (Repaid) | 1.39M | 1.87M | ||||
| Repurchase of Common Stock | -3.96M | -3.09M | -3.10M | -1.20M | -1.42M | -4.00K |
| Preferred Dividends Paid | -1.94M | -740.00K | ||||
| Dividends Paid | -1.94M | -740.00K | ||||
| Other Financing Activities | 9.00K | -1.25M | -620.00K | |||
| Financing Cash Flow | -3.71M | -1.96M | -3.10M | -2.45M | -2.04M | -4.00K |
| Foreign Exchange Rate Adjustments | -341.00K | 386.00K | -672.00K | -15.00K | -723.00K | -290.00K |
| Net Cash Flow | -8.60M | -4.26M | -5.50M | -4.31M | 5.36M | -4.09M |
| Free Cash Flow | -14.17M | -8.96M | -2.81M | 216.00K | 8.95M | 2.22M |
| Free Cash Flow Margin | -6.76% | -5.20% | -2.00% | 0.13% | 4.45% | 1.31% |
| Free Cash Flow Per Share | -3.98 | -2.80 | -0.94 | 0.07 | 2.85 | 0.74 |
| Levered Free Cash Flow | -16.91M | -14.65M | 506.38K | -238.62K | 9.08M | 1.41M |
| Unlevered Free Cash Flow | -16.87M | -14.65M | 506.38K | -238.62K | 9.08M | 1.41M |
| Cash Interest Paid | 383.00K | 383.00K | ||||
| Cash Income Tax Paid | 1.93M | 1.90M | 455.00K | 2.19M | 3.03M | 1.46M |
| Change in Working Capital | -5.48M | -5.43M | -1.21M | -4.21M | -1.17M | -3.54M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 35.44M | 38.65M | 35.64M | 43.60M | 63.15M | 78.51M |
| Enterprise Value | 52.54M | 43.56M | 21.11M | 23.10M | 42.79M | 52.84M |
| Last Close Price | 9.61 | 11.25 | 13.05 | 15.49 | 22.63 | 29.00 |
| PE Ratio | 19.84 | 8.86 | 24.33 | |||
| Forward PE | 9.96 | 13.18 | 7.59 | 9.43 | 11.96 | |
| PS Ratio | 0.17 | 0.23 | 0.25 | 0.27 | 0.31 | 0.46 |
| PB Ratio | 0.59 | 0.59 | 0.88 | 0.90 | 1.38 | 2.00 |
| P/TBV Ratio | 0.67 | 0.67 | 1.11 | 1.11 | 1.74 | 2.65 |
| P/FCF Ratio | 201.87 | 7.06 | 35.32 | |||
| P/OCF Ratio | 138.43 | 6.68 | 31.32 | |||
| PEG Ratio | 0.44 | 0.66 | 0.38 | 0.47 | 0.48 | |
| EV/Sales Ratio | 0.25 | 0.25 | 0.15 | 0.14 | 0.21 | 0.31 |
| EV/EBITDA Ratio | 43,557.91 | 8.10 | 3.97 | 10.18 | ||
| EV/EBIT Ratio | 16.70 | 4.55 | 11.50 | |||
| EV/FCF Ratio | 106.92 | 4.78 | 23.77 | |||
| Debt / Equity Ratio | 0.47 | 0.40 | 0.03 | 0.03 | 0.04 | 0.06 |
| Debt / EBITDA Ratio | 77.68 | 17.24 | 0.35 | 0.16 | 0.42 | |
| Debt / FCF Ratio | 6.63 | 0.22 | 1.12 | |||
| Net Debt / Equity Ratio | 0.29 | 0.19 | -0.39 | -0.44 | -0.55 | -0.49 |
| Net Debt / EBITDA Ratio | -8.14 | 12,383.00 | 6.51 | -7.43 | -2.34 | -3.71 |
| Net Debt / FCF Ratio | -1.21 | -1.38 | 5.68 | -98.05 | -2.82 | -8.65 |
| Asset Turnover | 2.56 | 2.08 | 2.47 | 2.50 | 3.11 | 3.17 |
| Quick Ratio | 1.56 | 1.65 | 3.31 | 3.77 | 2.53 | 2.41 |
| Current Ratio | 1.96 | 2.10 | 3.58 | 4.09 | 2.63 | 2.50 |
| Return on Equity (ROE) | -18.24% | -11.15% | -10.72% | 4.66% | 16.75% | 8.77% |
| Return on Assets (ROA) | -4.22% | -1.57% | -4.19% | 1.34% | 9.10% | 5.39% |
| Return on Invested Capital (ROIC) | -7.25% | -4.05% | -14.69% | 4.93% | 34.82% | 23.72% |
| Return on Capital Employed (ROCE) | -7.00% | -2.50% | -9.20% | 2.80% | 20.10% | 11.10% |
| Earnings Yield | -32.28% | -15.31% | -13.38% | 5.04% | 11.29% | 4.11% |
| FCF Yield | -39.99% | -23.18% | -7.87% | 0.50% | 14.17% | 2.83% |
| Buyback Yield / Dilution | -19.55% | -6.60% | 4.46% | -0.06% | -4.50% | -3.16% |
| Total Shareholder Return | -19.55% | -6.60% | 4.46% | -0.06% | -4.50% | -3.16% |