NYSE : DLX
Deluxe Corporation — Financial statements
Industrials · Conglomerates · United States
Last price 22.59 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 1.04B
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Financial statements
Deluxe Corporation (DLX) reported revenue of 2.11B 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 | 2.11B | 2.13B | 2.12B | 2.19B | 2.24B | 2.02B |
| Cost of Revenue | 1.00B | 1.00B | 993.40M | 1.02B | 1.03B | 880.07M |
| Gross Profit | 1.11B | 1.13B | 1.13B | 1.18B | 1.21B | 1.14B |
| Selling, General & Admin | 833.00M | 865.80M | 902.40M | 951.70M | 986.26M | 922.32M |
| Operating Expenses | 833.00M | 865.80M | 902.40M | 951.70M | 986.26M | 922.32M |
| Operating Income | 277.20M | 266.10M | 226.00M | 223.30M | 220.24M | 219.81M |
| Interest Expense | -115.40M | -122.00M | -123.30M | -125.60M | -94.45M | -55.55M |
| Other Non Operating Income (Expenses) | 2.90M | 1.20M | 800.00K | 1.70M | 2.53M | 7.41M |
| EBT Excluding Unusual Items | 164.70M | 145.30M | 103.50M | 99.40M | 128.32M | 171.66M |
| Merger & Restructuring Charges | -19.20M | -20.50M | -58.20M | -90.50M | -63.27M | -77.86M |
| Gain (Loss) on Sale of Investments | -5.70M | -5.70M | -1.50M | -8.00K | ||
| Gain (Loss) on Sale of Assets | 5.10M | 31.20M | 32.40M | 19.33M | ||
| Pretax Income | 144.90M | 119.10M | 76.50M | 39.80M | 84.38M | 93.80M |
| Income Tax Expense | 44.20M | 36.90M | 23.60M | 13.60M | 18.85M | 31.03M |
| Earnings From Continuing Operations | 100.70M | 82.20M | 52.90M | 26.20M | 65.53M | 62.77M |
| Minority Interest in Earnings | -100.00K | -100.00K | -100.00K | -100.00K | -135.00K | -139.00K |
| Net Income | 100.60M | 82.10M | 52.80M | 26.10M | 65.39M | 62.63M |
| Preferred Dividends & Other Adjustments | 47.00K | 46.00K | ||||
| Net Income to Common | 100.60M | 82.10M | 52.80M | 26.10M | 65.35M | 62.59M |
| Shares Outstanding (Basic) | 45.25M | 44.80M | 44.10M | 43.50M | 43.02M | 42.38M |
| Shares Outstanding (Diluted) | 46.05M | 45.50M | 44.70M | 43.80M | 43.31M | 42.83M |
| EPS (Basic) | 2.22 | 1.83 | 1.20 | 0.60 | 1.52 | 1.48 |
| EPS (Diluted) | 2.18 | 1.80 | 1.18 | 0.59 | 1.50 | 1.45 |
| Free Cash Flow | 209.10M | 175.30M | 100.00M | 97.70M | 86.93M | 101.68M |
| Free Cash Flow Per Share | 4.54 | 3.85 | 2.24 | 2.23 | 2.01 | 2.37 |
| Dividend Per Share | 1.20 | 1.20 | 1.20 | 1.20 | 1.20 | 1.20 |
| Gross Margin | 52.54% | 53.06% | 53.18% | 53.60% | 53.91% | 56.48% |
| Operating Margin | 13.12% | 12.47% | 10.65% | 10.19% | 9.84% | 10.87% |
| Profit Margin | 4.76% | 3.85% | 2.49% | 1.19% | 2.92% | 3.09% |
| Free Cash Flow Margin | 9.90% | 8.22% | 4.71% | 4.46% | 3.88% | 5.03% |
| EBITDA | 419.20M | 404.00M | 374.60M | 393.00M | 392.80M | 368.57M |
| EBITDA Margin | 19.84% | 18.94% | 17.66% | 17.93% | 17.55% | 18.23% |
| D&A For EBITDA | 142.00M | 137.90M | 148.60M | 169.70M | 172.55M | 148.77M |
| EBIT | 277.20M | 266.10M | 226.00M | 223.30M | 220.24M | 219.81M |
| EBIT Margin | 13.12% | 12.47% | 10.65% | 10.19% | 9.84% | 10.87% |
| Effective Tax Rate | 30.50% | 30.98% | 30.85% | 34.17% | 22.34% | 33.08% |
| Revenue as Reported | 2.11B | 2.13B | 2.12B | 2.19B | 2.24B | 2.02B |
| Advertising Expenses | 30.20M | 35.90M | 32.70M | 38.73M | 47.46M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 34.90M | 36.90M | 34.40M | 71.96M | 40.44M | 41.23M |
| Trading Asset Securities | 1.18M | |||||
| Cash & Short-Term Investments | 34.90M | 36.90M | 34.40M | 71.96M | 41.62M | 41.23M |
| Accounts Receivable | 199.50M | 218.40M | 200.80M | 217.11M | 245.38M | 228.34M |
| Receivables | 205.20M | 220.10M | 202.60M | 218.10M | 246.34M | 229.66M |
| Inventory | 35.50M | 33.50M | 36.40M | 42.09M | 52.27M | 34.93M |
| Prepaid Expenses | 32.80M | 33.30M | 32.70M | 30.12M | 36.64M | 37.64M |
| Restricted Cash | 17.50M | 273.60M | 271.90M | 383.13M | 294.17M | |
| Other Current Assets | 48.20M | 68.40M | 33.60M | 15.59M | 33.01M | 277.01M |
| Total Current Assets | 374.10M | 665.80M | 611.60M | 760.99M | 704.04M | 620.47M |
| Property, Plant & Equipment | 180.80M | 144.00M | 161.00M | 175.50M | 172.03M | 184.20M |
| Long-Term Investments | 7.80M | 21.10M | 53.00M | 54.21M | 42.76M | 39.83M |
| Goodwill | 1.42B | 1.42B | 1.42B | 1.43B | 1.43B | 1.43B |
| Other Intangible Assets | 327.80M | 348.40M | 331.10M | 391.74M | 458.98M | 574.53M |
| Long-Term Deferred Tax Assets | 1.30M | 1.80M | 7.00M | 8.69M | 1.96M | 2.18M |
| Long-Term Deferred Charges | 73.90M | 76.10M | 94.10M | 120.71M | 137.67M | 74.50M |
| Other Long-Term Assets | 158.60M | 174.60M | 139.70M | 125.74M | 114.44M | 128.32M |
| Total Assets | 2.56B | 2.86B | 2.83B | 3.08B | 3.08B | 3.07B |
| Accounts Payable | 149.00M | 161.30M | 164.90M | 154.86M | 157.06M | 153.07M |
| Accrued Expenses | 87.50M | 120.40M | 96.70M | 127.21M | 144.85M | 136.94M |
| Current Portion of Long-Term Debt | 16.30M | 37.10M | 86.15M | 71.75M | 57.20M | |
| Current Portion of Leases | 22.60M | 13.80M | 14.30M | 14.71M | 13.83M | 15.38M |
| Current Unearned Revenue | 22.20M | 36.20M | 31.60M | 35.34M | 47.01M | 52.65M |
| Other Current Liabilities | 31.60M | 295.20M | 280.90M | 400.79M | 317.85M | 268.12M |
| Total Current Liabilities | 312.90M | 643.20M | 625.50M | 819.07M | 752.35M | 683.36M |
| Long-Term Debt | 1.35B | 1.41B | 1.47B | 1.51B | 1.57B | 1.63B |
| Long-Term Leases | 111.40M | 65.60M | 74.50M | 84.97M | 76.21M | 83.85M |
| Pension & Post-Retirement Benefits | 1.70M | 1.80M | 1.97M | 2.05M | 2.74M | |
| Long-Term Deferred Tax Liabilities | 50.30M | 27.00M | 2.10M | 22.65M | 45.51M | 75.12M |
| Other Long-Term Liabilities | 27.70M | 32.30M | 40.20M | 38.50M | 23.65M | 25.94M |
| Total Liabilities | 1.85B | 2.18B | 2.21B | 2.48B | 2.47B | 2.50B |
| Common Stock | 45.80M | 45.00M | 44.30M | 43.74M | 43.20M | 42.68M |
| Additional Paid-In Capital | 139.00M | 138.00M | 117.10M | 99.14M | 79.23M | 57.37M |
| Retained Earnings | 542.60M | 515.90M | 489.20M | 491.24M | 518.63M | 505.76M |
| Comprehensive Income & Other | -19.90M | -18.50M | -29.90M | -30.03M | -37.26M | -31.49M |
| Total Common Equity | 707.50M | 680.40M | 620.70M | 604.09M | 603.81M | 574.32M |
| Minority Interest | 400.00K | 300.00K | 200.00K | 522.00K | 415.00K | 280.00K |
| Shareholders' Equity | 707.90M | 680.70M | 620.90M | 604.62M | 604.22M | 574.60M |
| Total Liabilities & Equity | 2.56B | 2.86B | 2.83B | 3.08B | 3.08B | 3.07B |
| Total Debt | 1.49B | 1.51B | 1.59B | 1.69B | 1.73B | 1.79B |
| Net Cash (Debt) | -1.45B | -1.47B | -1.56B | -1.62B | -1.69B | -1.74B |
| Net Cash Per Share | -31.52 | -32.35 | -34.84 | -37.05 | -39.08 | -40.72 |
| Filing Date Shares Outstanding | 45.86M | 45.08M | 44.43M | 43.85M | 43.27M | 42.79M |
| Total Common Shares Outstanding | 45.80M | 45.00M | 44.31M | 43.74M | 43.20M | 42.68M |
| Working Capital | 61.20M | 22.60M | -13.90M | -58.08M | -48.31M | -62.88M |
| Book Value Per Share | 15.45 | 15.12 | 14.01 | 13.81 | 13.98 | 13.46 |
| Tangible Book Value | -1.04B | -1.09B | -1.13B | -1.22B | -1.29B | -1.43B |
| Tangible Book Value Per Share | -22.78 | -24.24 | -25.57 | -27.85 | -29.78 | -33.51 |
| Land | 12.80M | 12.80M | 12.79M | 14.50M | 12.98M | |
| Buildings | 126.30M | 124.10M | 123.07M | 111.92M | 118.22M | |
| Machinery | 337.90M | 329.50M | 314.78M | 378.47M | 333.38M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 100.60M | 82.10M | 52.80M | 26.10M | 65.39M | 62.63M |
| Depreciation & Amortization | 142.00M | 137.90M | 148.60M | 169.70M | 172.55M | 148.77M |
| Other Amortization | 43.00M | 47.90M | 51.70M | 49.10M | 45.71M | 37.76M |
| Loss (Gain) From Sale of Assets | -5.10M | -31.20M | -32.40M | -19.33M | ||
| Asset Writedown & Restructuring Costs | 5.70M | 5.70M | 24.60M | |||
| Stock-Based Compensation | 26.50M | 24.90M | 19.90M | 20.50M | 23.68M | 29.48M |
| Other Operating Activities | 96.20M | 63.20M | 36.80M | 22.70M | 12.18M | 46.60M |
| Change in Accounts Receivable | 700.00K | -19.90M | 3.50M | 7.40M | -13.67M | -8.86M |
| Change in Inventory | -2.90M | 2.70M | 2.50M | 6.30M | -19.06M | -1.84M |
| Change in Accounts Payable | -12.80M | -3.90M | 10.50M | 4.90M | 6.01M | 22.79M |
| Change in Other Net Operating Assets | -90.80M | -70.00M | -125.40M | -75.90M | -81.93M | -126.51M |
| Operating Cash Flow | 303.10M | 270.60M | 194.30M | 198.40M | 191.53M | 210.82M |
| Capital Expenditures | -94.00M | -95.30M | -94.30M | -100.70M | -104.60M | -109.14M |
| Cash Acquisitions | -12.10M | -12.10M | -958.51M | |||
| Divestitures | 10.80M | 2.00M | 23.30M | 53.60M | 25.25M | 2.65M |
| Investment in Securities | 8.00M | 4.08M | 93.00K | |||
| Other Investing Activities | 6.70M | -26.30M | 1.20M | -4.20M | -5.05M | -1.69M |
| Investing Cash Flow | -88.60M | -131.70M | -69.80M | -43.30M | -80.33M | -1.07B |
| Long-Term Debt Issued | 441.30M | 1.81B | 583.50M | 640.00M | 1.88B | |
| Long-Term Debt Repaid | -518.80M | -1.89B | -638.70M | -680.61M | -1.03B | |
| Net Debt Issued (Repaid) | -122.60M | -77.50M | -82.30M | -55.20M | -40.61M | 854.97M |
| Issuance of Common Stock | 16.84M | |||||
| Common Dividends Paid | -56.30M | -55.20M | -54.20M | -53.30M | -52.65M | -51.65M |
| Other Financing Activities | -21.80M | -4.10M | -130.70M | 70.80M | 44.66M | 92.80M |
| Financing Cash Flow | -200.70M | -136.80M | -267.20M | -37.70M | -48.60M | 912.96M |
| Foreign Exchange Rate Adjustments | -900.00K | 1.70M | -6.10M | 3.20M | -10.68M | -1.10M |
| Net Cash Flow | 12.90M | 3.80M | -148.80M | 120.60M | 51.92M | 56.08M |
| Free Cash Flow | 209.10M | 175.30M | 100.00M | 97.70M | 86.93M | 101.68M |
| Free Cash Flow Margin | 9.90% | 8.22% | 4.71% | 4.46% | 3.88% | 5.03% |
| Free Cash Flow Per Share | 4.54 | 3.85 | 2.24 | 2.23 | 2.01 | 2.37 |
| Levered Free Cash Flow | 171.79M | 192.76M | 157.81M | 224.49M | 188.77M | 224.80M |
| Unlevered Free Cash Flow | 243.92M | 269.01M | 234.87M | 302.99M | 247.80M | 259.52M |
| Cash Interest Paid | 109.50M | 111.60M | 117.80M | 115.60M | 87.11M | 46.62M |
| Cash Income Tax Paid | 4.60M | 30.90M | 46.40M | 38.63M | 18.76M | |
| Change in Working Capital | -105.80M | -91.10M | -108.90M | -57.30M | -108.64M | -114.42M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 1.05B | 1.01B | 1.00B | 937.21M | 732.45M | 1.37B |
| Enterprise Value | 2.50B | 2.48B | 2.56B | 2.59B | 2.42B | 3.12B |
| Last Close Price | 23.02 | 21.54 | 20.41 | 18.33 | 13.59 | 24.44 |
| PE Ratio | 10.47 | 12.24 | 18.94 | 35.91 | 11.21 | 21.86 |
| Forward PE | 5.95 | 6.40 | 6.81 | 7.05 | 4.25 | 6.37 |
| PS Ratio | 0.50 | 0.47 | 0.47 | 0.43 | 0.33 | 0.68 |
| PB Ratio | 1.49 | 1.48 | 1.61 | 1.55 | 1.21 | 2.38 |
| P/FCF Ratio | 5.05 | 5.73 | 10.00 | 9.59 | 8.43 | 13.46 |
| P/OCF Ratio | 3.48 | 3.71 | 5.15 | 4.72 | 3.82 | 6.49 |
| PEG Ratio | 0.61 | 0.66 | 0.70 | 0.72 | 0.57 | 1.06 |
| EV/Sales Ratio | 1.19 | 1.16 | 1.21 | 1.18 | 1.08 | 1.54 |
| EV/EBITDA Ratio | 5.98 | 6.14 | 6.83 | 6.60 | 6.16 | 8.46 |
| EV/EBIT Ratio | 9.04 | 9.33 | 11.32 | 11.61 | 10.99 | 14.18 |
| EV/FCF Ratio | 11.99 | 14.16 | 25.59 | 26.54 | 27.85 | 30.66 |
| Debt / Equity Ratio | 2.10 | 2.22 | 2.56 | 2.80 | 2.87 | 3.11 |
| Debt / EBITDA Ratio | 3.44 | 3.61 | 4.05 | 4.12 | 4.20 | 4.62 |
| Debt / FCF Ratio | 7.11 | 8.61 | 15.92 | 17.35 | 19.95 | 17.56 |
| Net Debt / Equity Ratio | 2.05 | 2.16 | 2.51 | 2.68 | 2.80 | 3.04 |
| Net Debt / EBITDA Ratio | 3.46 | 3.64 | 4.16 | 4.13 | 4.31 | 4.73 |
| Net Debt / FCF Ratio | 6.94 | 8.40 | 15.57 | 16.61 | 19.47 | 17.15 |
| Asset Turnover | 0.83 | 0.75 | 0.72 | 0.71 | 0.73 | 0.82 |
| Inventory Turnover | 28.96 | 28.65 | 25.31 | 21.56 | 23.66 | 23.45 |
| Quick Ratio | 0.75 | 0.40 | 0.38 | 0.35 | 0.38 | 0.39 |
| Current Ratio | 1.20 | 1.03 | 0.98 | 0.93 | 0.94 | 0.91 |
| Return on Equity (ROE) | 14.96% | 12.63% | 8.63% | 4.33% | 11.12% | 11.54% |
| Return on Assets (ROA) | 6.80% | 5.84% | 4.78% | 4.53% | 4.48% | 5.59% |
| Return on Invested Capital (ROIC) | 9.01% | 8.48% | 7.09% | 6.50% | 7.41% | 8.18% |
| Return on Capital Employed (ROCE) | 12.30% | 12.00% | 10.20% | 9.90% | 9.50% | 9.20% |
| Earnings Yield | 9.56% | 8.17% | 5.28% | 2.79% | 8.93% | 4.58% |
| FCF Yield | 19.81% | 17.44% | 10.00% | 10.42% | 11.87% | 7.43% |
| Dividend Yield | 5.21% | 5.37% | 5.32% | 5.60% | 7.08% | 3.74% |
| Payout Ratio | 54.99% | 67.23% | 102.65% | 204.21% | 80.51% | 82.47% |
| Buyback Yield / Dilution | -2.32% | -1.79% | -2.05% | -1.13% | -1.13% | -1.62% |
| Total Shareholder Return | 2.90% | 3.58% | 3.26% | 4.47% | 5.95% | 2.12% |