NYSE : AP
Ampco-Pittsburgh Corporation — Financial statements
Industrials · Metal Fabrication · United States
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Financial statements
Ampco-Pittsburgh Corporation (AP) reported revenue of 428.04M 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 | 428.04M | 434.17M | 418.31M | 422.34M | 390.19M | 344.92M |
| Cost of Revenue | 347.06M | 353.83M | 336.81M | 347.78M | 328.00M | 278.81M |
| Gross Profit | 80.98M | 80.34M | 81.50M | 74.56M | 62.19M | 66.11M |
| Selling, General & Admin | 49.05M | 48.59M | 50.08M | 45.86M | 36.98M | 37.70M |
| Operating Expenses | 65.33M | 67.04M | 68.69M | 63.54M | 54.38M | 55.58M |
| Operating Income | 15.65M | 13.29M | 12.80M | 11.02M | 7.81M | 10.53M |
| Interest Expense | -11.33M | -11.37M | -11.62M | -9.35M | -5.43M | -3.60M |
| Interest & Investment Income | 71.00K | 262.00K | 121.00K | 128.00K | 519.00K | 1.08M |
| Currency Exchange Gain (Loss) | 759.00K | -368.00K | -483.00K | -692.00K | 2.29M | -1.13M |
| Other Non Operating Income (Expenses) | -42.67M | -41.82M | 61.00K | 188.00K | -1.15M | 742.00K |
| EBT Excluding Unusual Items | -37.53M | -40.00M | 884.00K | 1.30M | 4.04M | 7.63M |
| Merger & Restructuring Charges | -5.62M | -10.58M | -1.60M | |||
| Gain (Loss) on Sale of Assets | -483.00K | -489.00K | -22.00K | 121.00K | -706.00K | -361.00K |
| Legal Settlements | -12.35M | -12.35M | 4.18M | -40.70M | 2.23M | -6.66M |
| Pretax Income | -55.98M | -63.42M | 5.05M | -39.28M | 5.56M | -995.00K |
| Income Tax Expense | 731.00K | 120.00K | 2.69M | -1.16M | 1.58M | 2.31M |
| Earnings From Continuing Operations | -56.71M | -63.54M | 2.35M | -38.12M | 3.98M | -3.30M |
| Net Income to Company | -56.71M | -63.54M | 2.35M | -38.12M | 3.98M | -3.30M |
| Minority Interest in Earnings | -2.54M | -2.52M | -1.91M | -1.81M | -564.00K | -561.00K |
| Net Income | -59.25M | -66.07M | 438.00K | -39.93M | 3.42M | -3.86M |
| Net Income to Common | -59.25M | -66.07M | 438.00K | -39.93M | 3.42M | -3.86M |
| Shares Outstanding (Basic) | 20.28M | 20.14M | 19.89M | 19.62M | 19.32M | 18.95M |
| Shares Outstanding (Diluted) | 20.28M | 20.14M | 19.89M | 19.62M | 19.44M | 18.95M |
| EPS (Basic) | -2.92 | -3.28 | 0.02 | -2.04 | 0.18 | -0.20 |
| EPS (Diluted) | -2.92 | -3.28 | 0.02 | -2.04 | 0.18 | -0.20 |
| Free Cash Flow | -3.99M | -8.06M | 5.83M | -24.13M | -43.90M | -31.10M |
| Free Cash Flow Per Share | -0.20 | -0.40 | 0.29 | -1.23 | -2.26 | -1.64 |
| Gross Margin | 18.92% | 18.50% | 19.48% | 17.65% | 15.94% | 19.17% |
| Operating Margin | 3.65% | 3.06% | 3.06% | 2.61% | 2.00% | 3.05% |
| Profit Margin | -13.84% | -15.22% | 0.10% | -9.45% | 0.88% | -1.12% |
| Free Cash Flow Margin | -0.93% | -1.86% | 1.40% | -5.71% | -11.25% | -9.02% |
| EBITDA | 31.93M | 31.75M | 31.42M | 28.70M | 25.22M | 28.41M |
| EBITDA Margin | 7.46% | 7.31% | 7.51% | 6.79% | 6.46% | 8.24% |
| D&A For EBITDA | 16.28M | 18.46M | 18.61M | 17.67M | 17.41M | 17.88M |
| EBIT | 15.65M | 13.29M | 12.80M | 11.02M | 7.81M | 10.53M |
| EBIT Margin | 3.65% | 3.06% | 3.06% | 2.61% | 2.00% | 3.05% |
| Effective Tax Rate | 53.41% | 28.37% | ||||
| Revenue as Reported | 428.04M | 434.17M | 418.31M | 422.34M | 390.19M | 344.92M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 7.05M | 10.70M | 15.43M | 7.29M | 8.73M | 10.34M |
| Cash & Short-Term Investments | 7.05M | 10.70M | 15.43M | 7.29M | 8.73M | 10.34M |
| Accounts Receivable | 94.69M | 91.16M | 80.94M | 84.30M | 78.49M | 68.83M |
| Other Receivables | 19.00M | 19.00M | 15.00M | 15.00M | 15.00M | 16.00M |
| Receivables | 113.69M | 110.16M | 95.94M | 99.30M | 93.49M | 84.83M |
| Inventory | 113.77M | 104.43M | 116.76M | 124.69M | 121.74M | 108.72M |
| Other Current Assets | 13.44M | 14.32M | 8.66M | 5.37M | 7.44M | 4.93M |
| Total Current Assets | 247.95M | 239.62M | 236.79M | 236.65M | 231.41M | 208.82M |
| Property, Plant & Equipment | 131.48M | 133.81M | 152.65M | 163.50M | 158.52M | 162.62M |
| Long-Term Investments | 835.00K | 835.00K | 2.17M | 2.17M | 2.17M | 2.17M |
| Other Intangible Assets | 4.34M | 4.63M | 4.25M | 4.95M | 5.19M | 6.20M |
| Long-Term Deferred Tax Assets | 3.87M | 3.90M | 2.85M | 3.16M | 2.14M | 1.99M |
| Other Long-Term Assets | 102.39M | 112.56M | 132.18M | 155.22M | 103.34M | 124.16M |
| Total Assets | 490.86M | 495.36M | 530.90M | 565.65M | 502.77M | 505.96M |
| Accounts Payable | 45.84M | 48.09M | 36.72M | 37.23M | 43.62M | 44.23M |
| Accrued Expenses | 13.80M | 13.36M | 17.10M | 14.70M | 15.96M | 22.69M |
| Current Portion of Long-Term Debt | 17.28M | 15.72M | 12.19M | 12.27M | 12.41M | |
| Current Portion of Leases | 919.00K | 946.00K | 878.00K | 946.00K | 635.00K | 20.65M |
| Current Unearned Revenue | 19.81M | 10.01M | 18.98M | 13.08M | 10.45M | 4.33M |
| Other Current Liabilities | 41.96M | 42.33M | 39.34M | 38.66M | 33.15M | 33.15M |
| Total Current Liabilities | 139.62M | 130.46M | 125.22M | 116.89M | 116.22M | 125.04M |
| Long-Term Debt | 72.56M | 70.22M | 69.79M | 70.30M | 50.25M | 38.94M |
| Long-Term Leases | 51.30M | 51.41M | 50.32M | 49.90M | 45.70M | 5.39M |
| Long-Term Unearned Revenue | 2.70M | 2.70M | 2.52M | |||
| Pension & Post-Retirement Benefits | 19.02M | 21.84M | 28.20M | 41.68M | 43.43M | 62.11M |
| Long-Term Deferred Tax Liabilities | 329.00K | 326.00K | 450.00K | 543.00K | 2.52M | 3.86M |
| Other Long-Term Liabilities | 157.04M | 170.44M | 183.31M | 214.77M | 131.26M | 158.49M |
| Total Liabilities | 442.57M | 447.39M | 459.81M | 494.08M | 389.38M | 393.83M |
| Common Stock | 20.61M | 20.24M | 19.98M | 19.73M | 19.40M | 19.18M |
| Additional Paid-In Capital | 177.91M | 179.23M | 178.30M | 177.20M | 175.66M | 174.56M |
| Retained Earnings | -138.00M | -138.63M | -72.56M | -73.00M | -32.32M | -35.74M |
| Comprehensive Income & Other | -29.40M | -28.20M | -66.84M | -62.99M | -58.41M | -55.11M |
| Total Common Equity | 31.12M | 32.64M | 58.88M | 60.94M | 104.33M | 102.90M |
| Minority Interest | 17.18M | 15.32M | 12.21M | 10.63M | 9.07M | 9.23M |
| Shareholders' Equity | 48.29M | 47.96M | 71.09M | 71.57M | 113.40M | 112.13M |
| Total Liabilities & Equity | 490.86M | 495.36M | 530.90M | 565.65M | 502.77M | 505.96M |
| Total Debt | 142.06M | 138.30M | 133.17M | 133.42M | 108.99M | 64.97M |
| Net Cash (Debt) | -135.02M | -127.60M | -117.75M | -126.14M | -100.26M | -54.64M |
| Net Cash Per Share | -6.66 | -6.34 | -5.92 | -6.43 | -5.16 | -2.88 |
| Filing Date Shares Outstanding | 20.66M | 20.33M | 20.09M | 19.87M | 19.40M | 19.19M |
| Total Common Shares Outstanding | 20.61M | 20.24M | 19.98M | 19.73M | 19.40M | 19.18M |
| Working Capital | 108.33M | 109.16M | 111.57M | 119.77M | 115.18M | 83.77M |
| Book Value Per Share | 1.51 | 1.61 | 2.95 | 3.09 | 5.38 | 5.36 |
| Tangible Book Value | 26.77M | 28.01M | 54.63M | 55.99M | 99.13M | 96.70M |
| Tangible Book Value Per Share | 1.30 | 1.38 | 2.73 | 2.84 | 5.11 | 5.04 |
| Land | 9.15M | 9.32M | 8.79M | 9.03M | 9.89M | 10.38M |
| Buildings | 69.90M | 70.32M | 70.40M | 71.06M | 62.10M | 63.17M |
| Machinery | 349.00M | 347.03M | 377.94M | 366.04M | 339.13M | 345.12M |
| Construction In Progress | 9.39M | 6.09M | 4.54M | 11.51M | 16.00M | 11.02M |
| Order Backlog | 328.94M | 378.88M | 378.91M | 369.02M | 292.55M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -59.25M | -66.07M | 438.00K | -39.93M | 3.42M | -3.86M |
| Depreciation & Amortization | 16.28M | 18.46M | 18.61M | 17.67M | 17.41M | 17.88M |
| Loss (Gain) From Sale of Assets | 489.00K | 489.00K | 22.00K | |||
| Asset Writedown & Restructuring Costs | 9.23M | 9.23M | ||||
| Stock-Based Compensation | 1.35M | 1.35M | 1.48M | 2.15M | 1.67M | 2.44M |
| Other Operating Activities | 53.79M | 48.89M | -11.44M | 33.93M | -13.43M | 3.89M |
| Change in Accounts Receivable | 11.72M | 11.72M | 24.18M | 7.31M | -918.00K | 5.04M |
| Change in Inventory | 7.37M | 7.37M | 4.76M | -1.40M | -17.90M | -27.62M |
| Change in Accounts Payable | 11.38M | 11.38M | -104.00K | -6.36M | 1.56M | 17.60M |
| Change in Other Net Operating Assets | -41.47M | -41.47M | -19.93M | -17.06M | -19.00M | -31.23M |
| Operating Cash Flow | 10.89M | 1.34M | 18.03M | -3.69M | -27.21M | -15.87M |
| Capital Expenditures | -14.88M | -9.40M | -12.19M | -20.45M | -16.69M | -15.24M |
| Sale of Property, Plant & Equipment | 214.00K | 207.00K | 10.00K | 128.00K | 17.00K | 229.00K |
| Divestitures | -3.19M | -3.19M | ||||
| Investment in Securities | 556.00K | 616.00K | 638.00K | 635.00K | 364.00K | 272.00K |
| Other Investing Activities | 2.22M | 2.55M | 3.30M | -1.00K | 1.00K | |
| Investing Cash Flow | -15.07M | -9.22M | -8.24M | -19.68M | -16.31M | -14.73M |
| Short-Term Debt Issued | 1.77M | 5.78M | ||||
| Long-Term Debt Issued | 51.14M | 25.66M | 45.43M | 70.39M | 32.24M | |
| Total Debt Issued | 37.94M | 51.14M | 25.66M | 47.19M | 76.16M | 32.24M |
| Short-Term Debt Repaid | -664.00K | -1.10M | -5.78M | -1.06M | ||
| Long-Term Debt Repaid | -48.05M | -26.34M | -24.41M | -27.66M | -9.61M | |
| Total Debt Repaid | -36.71M | -48.05M | -27.01M | -25.51M | -33.43M | -10.66M |
| Net Debt Issued (Repaid) | 1.23M | 3.09M | -1.35M | 21.69M | 42.73M | 21.58M |
| Issuance of Common Stock | 17.00K | 18.00K | 193.00K | 3.31M | ||
| Other Financing Activities | -51.00K | -891.00K | -337.00K | -485.00K | ||
| Financing Cash Flow | 1.19M | 2.21M | -1.35M | 21.69M | 42.59M | 24.40M |
| Foreign Exchange Rate Adjustments | 91.00K | 943.00K | -289.00K | 234.00K | -673.00K | -307.00K |
| Net Cash Flow | -2.90M | -4.72M | 8.14M | -1.45M | -1.60M | -6.50M |
| Free Cash Flow | -3.99M | -8.06M | 5.83M | -24.13M | -43.90M | -31.10M |
| Free Cash Flow Margin | -0.93% | -1.86% | 1.40% | -5.71% | -11.25% | -9.02% |
| Free Cash Flow Per Share | -0.20 | -0.40 | 0.29 | -1.23 | -2.26 | -1.64 |
| Levered Free Cash Flow | 7.20M | 5.69M | 25.13M | -5.79M | -21.54M | -21.90M |
| Unlevered Free Cash Flow | 14.29M | 12.79M | 32.39M | 54.12K | -18.14M | -19.65M |
| Cash Interest Paid | 9.96M | 9.76M | 10.17M | 7.92M | 5.92M | 2.90M |
| Cash Income Tax Paid | 2.17M | 1.82M | 2.51M | 2.33M | 896.00K | 1.63M |
| Change in Working Capital | -11.01M | -11.01M | 8.91M | -17.51M | -36.26M | -36.21M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 156.18M | 108.34M | 42.00M | 53.86M | 48.70M | 95.47M |
| Enterprise Value | 291.20M | 247.70M | 177.60M | 190.29M | 146.96M | 144.11M |
| Last Close Price | 7.56 | 5.33 | 2.09 | 2.73 | 2.51 | 5.00 |
| PE Ratio | 95.88 | 14.26 | ||||
| Forward PE | 32.78 | 32.78 | 32.78 | 32.78 | 32.78 | |
| PS Ratio | 0.36 | 0.25 | 0.10 | 0.13 | 0.12 | 0.28 |
| PB Ratio | 5.01 | 2.26 | 0.59 | 0.75 | 0.43 | 0.85 |
| P/TBV Ratio | 5.83 | 3.87 | 0.77 | 0.96 | 0.49 | 0.99 |
| P/FCF Ratio | 7.20 | |||||
| P/OCF Ratio | 14.34 | 80.61 | 2.33 | |||
| EV/Sales Ratio | 0.68 | 0.57 | 0.42 | 0.45 | 0.38 | 0.42 |
| EV/EBITDA Ratio | 9.12 | 7.80 | 5.65 | 6.63 | 5.83 | 5.07 |
| EV/EBIT Ratio | 18.61 | 18.63 | 13.87 | 17.27 | 18.82 | 13.68 |
| EV/FCF Ratio | 30.44 | |||||
| Debt / Equity Ratio | 2.94 | 2.88 | 1.87 | 1.86 | 0.96 | 0.58 |
| Debt / EBITDA Ratio | 4.39 | 4.29 | 4.16 | 4.56 | 4.22 | 2.23 |
| Debt / FCF Ratio | 22.83 | |||||
| Net Debt / Equity Ratio | 2.80 | 2.66 | 1.66 | 1.76 | 0.88 | 0.49 |
| Net Debt / EBITDA Ratio | 4.23 | 4.02 | 3.75 | 4.40 | 3.98 | 1.92 |
| Net Debt / FCF Ratio | -33.86 | -15.83 | 20.18 | -5.23 | -2.28 | -1.76 |
| Asset Turnover | 0.83 | 0.85 | 0.76 | 0.79 | 0.77 | 0.71 |
| Inventory Turnover | 2.92 | 3.20 | 2.79 | 2.82 | 2.85 | 3.06 |
| Quick Ratio | 0.86 | 0.93 | 0.89 | 0.91 | 0.88 | 0.76 |
| Current Ratio | 1.78 | 1.84 | 1.89 | 2.02 | 1.99 | 1.67 |
| Return on Equity (ROE) | -90.90% | -106.75% | 3.30% | -41.22% | 3.53% | -3.35% |
| Return on Assets (ROA) | 1.90% | 1.62% | 1.46% | 1.29% | 0.97% | 1.36% |
| Return on Invested Capital (ROIC) | 8.68% | 7.30% | 3.09% | 5.36% | 2.94% | 7.62% |
| Return on Capital Employed (ROCE) | 4.50% | 3.60% | 3.20% | 2.50% | 2.00% | 2.80% |
| Earnings Yield | -38.64% | -60.98% | 1.04% | -74.13% | 7.01% | -4.04% |
| FCF Yield | -2.55% | -7.44% | 13.89% | -44.81% | -90.13% | -32.58% |
| Buyback Yield / Dilution | -1.36% | -1.27% | -1.38% | -0.89% | -2.59% | -29.50% |
| Total Shareholder Return | -1.36% | -1.27% | -1.38% | -0.89% | -2.59% | -29.50% |