Hudson Technologies, Inc. (HDSN) 10-Year Financial Performance & Capital Metrics

HDSN • • Industrial / General

Basic MaterialsSpecialty ChemicalsIndustrial Gases & Atmospheric ChemicalsIndustrial Gas Producers

AboutHudson Technologies, Inc. a refrigerant services company, provides solutions to recurring problems within the refrigeration industry primarily in the United States. The company's products and services include refrigerant and industrial gas sales; refrigerant management services consisting primarily of reclamation of refrigerants, re-usable cylinder refurbishment, and hydrostatic testing services; and RefrigerantSide services comprising system decontamination to remove moisture, oils, and other contaminants. It also offers SmartEnergy OPS service, a web-based real time continuous monitoring service for facility's refrigeration systems and other energy systems applications; and Chiller Chemistry and Chill Smart services. In addition, the company participates in the generation of carbon offset projects. It serves commercial, industrial, and governmental customers, as well as refrigerant wholesalers, distributors, contractors, and refrigeration equipment manufacturers. Hudson Technologies, Inc. was incorporated in 1991 and is headquartered in Woodcliff Lake, New Jersey.Show more

Revenue $237M -18.0%
EBITDA $36M -57.5%
Net Income $24M -53.3%
EPS (Diluted) 0.52 -52.7%
Gross Margin 27.71% -28.2%
EBITDA Margin 15.05% -48.2%
Operating Margin 12.36% -54.3%
Net Margin 10.29% -43.1%
ROE 10.28% -60.3%
ROIC 10.84% -59.0%
Debt/Equity 0.03 -4.2%
Interest Coverage -

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Company is almost debt free
✓Excellent 3Y average ROE of 40.2%
✓FCF machine: 36.5% free cash flow margin
✓High quality earnings: Operating CF exceeds net income
✓Healthy 5Y average net margin of 14.7%
✓Trading at only 1.4x book value

✗Weaknesses

✗Trading more than 30% below 52-week high

Price & Volume

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Growth Metrics

Revenue CAGR

10Y15.56%

5Y7.91%

3Y7.15%

TTM-4.24%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-8.9%

TTM-26.42%

EPS CAGR

10Y-

5Y-

3Y-9%

TTM-22.65%

ROCE

10Y Avg16.78%

5Y Avg30.44%

3Y Avg38.96%

Latest11.89%

Peer Comparison

Industrial Gas Producers

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
LINLinde plc	206.81B	442.90	32.52	0.46%	21.17%	17.69%	2.38%	0.57
OLNOlin Corporation	2.66B	23.35	25.66	-4.29%	0.79%	2.7%	11.56%	1.53
HDSNHudson Technologies, Inc.	313.06M	7.28	14	-17.96%	9.6%	8.55%	27.63%	0.03
GUREGulf Resources, Inc.	6.16M	4.00	-0.07	-74.5%	-195.77%	-19.16%		0.06
APDAir Products and Chemicals, Inc.	59.25B	266.18	-150.38	-0.52%	-3.28%	-2.27%		1.06

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	79.72M	105.48M	140.38M	166.53M	162.06M	147.6M	192.75M	325.23M	289.02M	237.12M
Revenue Growth %	0.43%	0.32%	0.33%	0.19%	-0.03%	-0.09%	0.31%	0.69%	-0.11%	-0.18%
Cost of Goods Sold+	61.23M	74.39M	102.4M	173.89M	144.89M	112.19M	121.08M	162.33M	177.52M	171.41M
COGS % of Revenue	0.77%	0.71%	0.73%	1.04%	0.89%	0.76%	0.63%	0.5%	0.61%	0.72%
Gross Profit+	18.49M	31.09M	37.98M	-7.37M	17.16M	35.41M	71.66M	162.89M	111.51M	65.71M
Gross Margin %	0.23%	0.29%	0.27%	-0.04%	0.11%	0.24%	0.37%	0.5%	0.39%	0.28%
Gross Profit Growth %	1.87%	0.68%	0.22%	-1.19%	3.33%	1.06%	1.02%	1.27%	-0.32%	-0.41%
Operating Expenses+	10.31M	12.14M	22.85M	35.24M	32.95M	29.51M	29.36M	31.38M	33.34M	36.41M
OpEx % of Revenue	0.13%	0.12%	0.16%	0.21%	0.2%	0.2%	0.15%	0.1%	0.12%	0.15%
Selling, General & Admin	10.31M	12.14M	21.75M	32.27M	30.02M	26.64M	26.57M	28.59M	30.54M	33.02M
SG&A % of Revenue	0.13%	0.12%	0.15%	0.19%	0.19%	0.18%	0.14%	0.09%	0.11%	0.14%
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	0	0	1.11M	2.97M	2.93M	2.86M	2.79M	2.79M	2.79M	3.39M
Operating Income+	8.18M	18.95M	15.13M	-42.61M	-15.78M	5.9M	42.3M	131.51M	78.17M	29.3M
Operating Margin %	0.1%	0.18%	0.11%	-0.26%	-0.1%	0.04%	0.22%	0.4%	0.27%	0.12%
Operating Income Growth %	9.31%	1.32%	-0.2%	-3.82%	0.63%	1.37%	6.17%	2.11%	-0.41%	-0.63%
EBITDA+	10.25M	21.17M	16.24M	-39.63M	-8.67M	12M	48.48M	137.49M	83.95M	35.69M
EBITDA Margin %	0.13%	0.2%	0.12%	-0.24%	-0.05%	0.08%	0.25%	0.42%	0.29%	0.15%
EBITDA Growth %	1709.83%	1.06%	-0.23%	-3.44%	0.78%	2.38%	3.04%	1.84%	-0.39%	-0.57%
D&A (Non-Cash Add-back)	2.07M	2.23M	1.11M	2.97M	7.12M	6.1M	6.18M	5.98M	5.78M	6.39M
EBIT	8.48M	18.95M	22.27M	-42.61M	-6.37M	6.94M	44.77M	131.51M	78.17M	29.3M
Net Interest Income+	-776K	-1.12M	-3.16M	-14.76M	-18.91M	-12.33M	-11.38M	-14.33M	-8.35M	476K
Interest Income	0	0	0	0	0	0	0	0	0	476K
Interest Expense	776K	1.12M	3.16M	14.76M	18.91M	12.33M	11.38M	14.33M	8.35M	0
Other Income/Expense	-474K	-1.68M	-3.13M	-14.76M	-9.5M	-11.3M	-8.91M	-14.33M	-8.35M	2.73M
Pretax Income+	7.71M	17.27M	12M	-57.36M	-25.28M	-5.39M	33.4M	117.18M	69.82M	32.03M
Pretax Margin %	0.1%	0.16%	0.09%	-0.34%	-0.16%	-0.04%	0.17%	0.36%	0.24%	0.14%
Income Tax+	2.94M	6.63M	847K	-1.7M	656K	-185K	1.14M	13.38M	17.57M	7.64M
Effective Tax Rate %	0.62%	0.62%	0.93%	0.97%	1.03%	0.97%	0.97%	0.89%	0.75%	0.76%
Net Income+	4.76M	10.64M	11.16M	-55.66M	-25.94M	-5.21M	32.26M	103.8M	52.25M	24.39M
Net Margin %	0.06%	0.1%	0.08%	-0.33%	-0.16%	-0.04%	0.17%	0.32%	0.18%	0.1%
Net Income Growth %	7.62%	1.23%	0.05%	-5.99%	0.53%	0.8%	7.19%	2.22%	-0.5%	-0.53%
Net Income (Continuing)	4.76M	10.64M	11.16M	-55.66M	-25.94M	-5.21M	32.26M	103.8M	52.25M	24.39M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	0.14	0.30	0.26	-1.31	-0.61	-0.12	0.69	2.20	1.10	0.52
EPS Growth %	6.67%	1.14%	-0.13%	-6.04%	0.53%	0.8%	6.75%	2.19%	-0.5%	-0.53%
EPS (Basic)	0.15	0.31	0.27	-1.31	-0.61	-0.12	0.74	2.31	1.15	0.54
Diluted Shares Outstanding	33.94M	35.42M	42.77M	42.48M	42.61M	42.71M	46.64M	47.11M	47.34M	47.08M
Basic Shares Outstanding	32.55M	34.1M	41.76M	42.48M	42.61M	42.71M	43.77M	44.99M	45.39M	45.33M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	69.47M	108.18M	208.92M	123.59M	74.42M	62.14M	119.95M	176.83M	205M	195.51M
Cash & Short-Term Investments	1.26M	33.93M	5M	2.27M	2.6M	1.35M	3.49M	5.29M	12.45M	70.13M
Cash Only	1.26M	33.93M	5M	2.27M	2.6M	1.35M	3.49M	5.29M	12.45M	70.13M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	4.41M	4.8M	24.5M	14.06M	8.06M	9.81M	14.22M	20.87M	30.61M	19.91M
Days Sales Outstanding	20.21	16.6	63.69	30.83	18.16	24.25	26.93	23.42	38.65	30.65
Inventory	61.9M	68.6M	172.49M	101.96M	59.24M	44.46M	94.14M	145.38M	154.45M	96.25M
Days Inventory Outstanding	368.96	336.57	614.84	214.02	149.23	144.64	283.79	326.88	317.57	204.95
Other Current Assets	376K	847K	0	5.29M	4.53M	6.53M	8.09M	5.29M	7.49M	9.22M
Total Non-Current Assets+	15.54M	14.29M	112.53M	104.75M	105.73M	99.51M	95.77M	95.66M	91.68M	107.14M
Property, Plant & Equipment	7.54M	7.53M	30.46M	27.39M	31.72M	28.47M	26.9M	27.91M	25.97M	28.43M
Fixed Asset Turnover	10.58x	14.00x	4.61x	6.08x	5.11x	5.18x	7.17x	11.65x	11.13x	8.34x
Goodwill	856K	856K	49.46M	47.8M	47.8M	47.8M	47.8M	47.8M	47.8M	62.28M
Intangible Assets	3.79M	3.3M	32.42M	29.45M	26.01M	23.15M	20.36M	17.56M	14.77M	14.1M
Long-Term Investments	0	0	0	0	0	0	0	0	0	0
Other Non-Current Assets	76K	75K	184K	106K	192K	85K	710K	2.39M	3.14M	2.33M
Total Assets+	85.01M	122.47M	321.44M	228.34M	180.15M	161.65M	215.72M	272.49M	296.67M	302.65M
Asset Turnover	0.94x	0.86x	0.44x	0.73x	0.90x	0.91x	0.89x	1.19x	0.97x	0.78x
Asset Growth %	0.42%	0.44%	1.62%	-0.29%	-0.21%	-0.1%	0.33%	0.26%	0.09%	0.02%
Total Current Liabilities+	30.96M	10.3M	95.42M	60.41M	46.13M	37.77M	64.44M	52.63M	58.55M	47.81M
Accounts Payable	5.79M	5.11M	10.88M	8.67M	10.27M	7.64M	9.62M	14.16M	23.4M	8.69M
Days Payables Outstanding	34.53	25.07	38.8	18.2	25.88	24.87	29.01	31.85	48.11	18.51
Short-Term Debt	20.57M	199K	66.2M	31.67M	17.01M	9.31M	20.25M	4.25M	0	0
Deferred Revenue (Current)	0	0	0	0	0	0	0	0	0	0
Other Current Liabilities	1.9M	2.89M	15.22M	19.02M	18.12M	11.39M	2.97M	14.54M	29.64M	21.13M
Current Ratio	2.24x	10.50x	2.19x	2.05x	1.61x	1.65x	1.86x	3.36x	3.50x	4.09x
Quick Ratio	0.24x	3.84x	0.38x	0.36x	0.33x	0.47x	0.40x	0.60x	0.86x	2.08x
Cash Conversion Cycle	354.64	328.1	639.73	226.65	141.5	144.02	281.72	318.45	308.11	217.09
Total Non-Current Liabilities+	4.63M	152K	102.57M	98.72M	88.92M	83.26M	80.34M	44.99M	9.35M	8.99M
Long-Term Debt	4.29M	152K	101.14M	98.27M	81.98M	77.98M	73.14M	38.98M	0	0
Capital Lease Obligations	0	116K	20K	6K	5.75M	3.93M	5.5M	5.76M	4.79M	4.92M
Deferred Tax Liabilities	0	0	1.47M	443K	1.19M	1.35M	1.69M	244K	4.56M	4.08M
Other Non-Current Liabilities	333K	-116K	0	0	0	0	0	0	0	0
Total Liabilities	35.59M	10.45M	197.99M	159.13M	135.04M	121.03M	144.78M	97.62M	67.9M	56.8M
Total Debt+	24.87M	351K	167.36M	129.94M	104.73M	93.92M	100.27M	50.67M	6.68M	6.88M
Net Debt	23.61M	-33.58M	162.36M	127.67M	102.13M	92.57M	96.78M	45.37M	-5.76M	-63.26M
Debt / Equity	0.50x	0.00x	1.36x	1.88x	2.32x	2.31x	1.41x	0.29x	0.03x	0.03x
Debt / EBITDA	2.43x	0.02x	10.31x	-	-	7.83x	2.07x	0.37x	0.08x	0.19x
Net Debt / EBITDA	2.30x	-1.59x	10.00x	-	-	7.71x	2.00x	0.33x	-0.07x	-1.77x
Interest Coverage	10.54x	16.95x	4.79x	-2.89x	-0.83x	0.48x	3.72x	9.18x	9.36x	-
Total Equity+	49.42M	112.02M	123.45M	69.21M	45.11M	40.62M	70.94M	174.88M	228.77M	245.85M
Equity Growth %	0.12%	1.27%	0.1%	-0.44%	-0.35%	-0.1%	0.75%	1.47%	0.31%	0.07%
Book Value per Share	1.46	3.16	2.89	1.63	1.06	0.95	1.52	3.71	4.83	5.22
Total Shareholders' Equity	49.42M	112.02M	123.45M	69.21M	45.11M	40.62M	70.94M	174.88M	228.77M	245.85M
Common Stock	328K	415K	424K	426K	426K	433K	448K	453K	455K	443K
Retained Earnings	-13.07M	-2.43M	8.73M	-46.93M	-72.87M	-78.08M	-45.82M	57.98M	110.23M	134.62M
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	-10.5M	9.35M	18.37M	36.33M	33.82M	11.69M	-1.23M	62.81M	58.55M	91.81M
Operating CF Margin %	-0.13%	0.09%	0.13%	0.22%	0.21%	0.08%	-0.01%	0.19%	0.2%	0.39%
Operating CF Growth %	-7.17%	1.89%	0.96%	0.98%	-0.07%	-0.65%	-1.11%	52.15%	-0.07%	0.57%
Net Income	4.76M	10.64M	11.16M	-55.66M	-25.94M	-5.21M	32.26M	103.8M	52.25M	24.39M
Depreciation & Amortization	2.07M	2.23M	3.38M	7.13M	7.12M	6.1M	6.18M	5.98M	5.78M	6.39M
Stock-Based Compensation	203K	706K	1.5M	1.4M	1.83M	656K	511K	922K	2.31M	842K
Deferred Taxes	2.77M	1.08M	4M	-1.03M	749K	163K	337K	-1.45M	4.31M	-482K
Other Non-Cash Items	-227K	718K	1.05M	29.92M	1.98M	-2.93M	-4.11M	8.06M	4.67M	2.93M
Working Capital Changes	-20.18M	-5.85M	-2.86M	54.09M	48.09M	12.91M	-36.4M	-54.5M	-10.78M	57.74M
Change in Receivables	-545K	-404K	4.5M	287K	6.08M	-2.63M	-4.46M	-7.75M	-4.96M	11.46M
Change in Inventory	-23.43M	-6.7M	-840K	43.33M	43.46M	18.71M	-46.88M	-53.07M	-6.81M	60.25M
Change in Payables	4.26M	173K	6.03M	-423K	0	0	0	0	9.46M	-12.73M
Cash from Investing+	-3.33M	-1.73M	-209.99M	-1.09M	-1.01M	-470K	-1.92M	-3.66M	-3.58M	-25.97M
Capital Expenditures	-889K	-1.73M	-1.02M	-1.09M	-1.01M	-1.47M	-1.92M	-3.66M	-3.58M	-5.3M
CapEx % of Revenue	0.01%	0.02%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.02%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	0	0	0	0	0	1M	0	0	0	0
Cash from Financing+	14.15M	25.06M	162.7M	-37.97M	-32.48M	-12.47M	5.29M	-57.35M	-47.82M	-8.15M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	-445K	-1.49M	-7.94M	-1.04M	-1.35M	0	-2.65M	-9.48M	-694K	-7K
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	-11.4M	7.62M	17.34M	35.24M	32.81M	10.22M	-3.15M	59.16M	54.97M	86.51M
FCF Margin %	-0.14%	0.07%	0.12%	0.21%	0.2%	0.07%	-0.02%	0.18%	0.19%	0.36%
FCF Growth %	-12.7%	1.67%	1.28%	1.03%	-0.07%	-0.69%	-1.31%	19.78%	-0.07%	0.57%
FCF per Share	-0.34	0.22	0.41	0.83	0.77	0.24	-0.07	1.26	1.16	1.84
FCF Conversion (FCF/Net Income)	-2.21x	0.88x	1.65x	-0.65x	-1.30x	-2.24x	-0.04x	0.61x	1.12x	3.76x
Interest Paid	0	964K	2.03M	0	15.16M	11.38M	10.16M	11.7M	4.47M	690K
Taxes Paid	0	4.99M	6.83M	0	0	0	128K	15.46M	18.54M	8.99M

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	10.2%	13.18%	9.48%	-57.78%	-45.38%	-12.15%	57.83%	84.45%	25.89%	10.28%
Return on Invested Capital (ROIC)	9.68%	18.76%	6.23%	-13.24%	-6.88%	3.16%	21.09%	50.85%	26.45%	10.84%
Gross Margin	23.19%	29.47%	27.06%	-4.42%	10.59%	23.99%	37.18%	50.09%	38.58%	27.71%
Net Margin	5.97%	10.08%	7.95%	-33.42%	-16.01%	-3.53%	16.74%	31.92%	18.08%	10.29%
Debt / Equity	0.50x	0.00x	1.36x	1.88x	2.32x	2.31x	1.41x	0.29x	0.03x	0.03x
Interest Coverage	10.54x	16.95x	4.79x	-2.89x	-0.83x	0.48x	3.72x	9.18x	9.36x	-
FCF Conversion	-2.21x	0.88x	1.65x	-0.65x	-1.30x	-2.24x	-0.04x	0.61x	1.12x	3.76x
Revenue Growth	42.85%	32.31%	33.09%	18.62%	-2.68%	-8.92%	30.58%	68.73%	-11.13%	-17.96%

Revenue by Segment

	2016	2018	2019	2020	2021	2022	2023	2024
Product	-	162.23M	157.51M	143.21M	187.8M	319.02M	281.95M	230.26M
Product Growth	-	-	-2.91%	-9.08%	31.14%	69.87%	-11.62%	-18.33%
Refrigerant Side Services	-	-	-	-	4.95M	6.21M	7.07M	6.85M
Refrigerant Side Services Growth	-	-	-	-	-	25.40%	13.94%	-3.07%
Service	-	4.3M	4.55M	4.39M	-	-	-	-
Service Growth	-	-	5.84%	-3.34%	-	-	-	-
Refrigerants and Management Services	1.3M	-	-	-	-	-	-	-
Refrigerants and Management Services Growth	-	-	-	-	-	-	-	-

Frequently Asked Questions

Valuation & Price

Hudson Technologies, Inc. (HDSN) has a price-to-earnings (P/E) ratio of 14.0x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

Hudson Technologies, Inc. (HDSN) reported $236.8M in revenue for fiscal year 2024. This represents a 434% increase from $44.3M in 2011.

Hudson Technologies, Inc. (HDSN) saw revenue decline by 18.0% over the past year.

Yes, Hudson Technologies, Inc. (HDSN) is profitable, generating $22.7M in net income for fiscal year 2024 (10.3% net margin).

Dividend & Returns

Hudson Technologies, Inc. (HDSN) has a return on equity (ROE) of 10.3%. This is reasonable for most industries.

Hudson Technologies, Inc. (HDSN) generated $44.6M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

US Stock Screener

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Hudson Technologies, Inc. (HDSN) 10-Year Financial Performance & Capital Metrics

HDSN • • Industrial / General

Basic MaterialsSpecialty ChemicalsIndustrial Gases & Atmospheric ChemicalsIndustrial Gas Producers

Revenue $237M -18.0%
EBITDA $36M -57.5%
Net Income $24M -53.3%
EPS (Diluted) 0.52 -52.7%
Gross Margin 27.71% -28.2%
EBITDA Margin 15.05% -48.2%
Operating Margin 12.36% -54.3%
Net Margin 10.29% -43.1%
ROE 10.28% -60.3%
ROIC 10.84% -59.0%
Debt/Equity 0.03 -4.2%
Interest Coverage -

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Company is almost debt free
✓Excellent 3Y average ROE of 40.2%
✓FCF machine: 36.5% free cash flow margin
✓High quality earnings: Operating CF exceeds net income
✓Healthy 5Y average net margin of 14.7%
✓Trading at only 1.4x book value

✗Weaknesses

✗Trading more than 30% below 52-week high

Price & Volume

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Growth Metrics

Revenue CAGR

10Y15.56%

5Y7.91%

3Y7.15%

TTM-4.24%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-8.9%

TTM-26.42%

EPS CAGR

10Y-

5Y-

3Y-9%

TTM-22.65%

ROCE

10Y Avg16.78%

5Y Avg30.44%

3Y Avg38.96%

Latest11.89%

Peer Comparison

Industrial Gas Producers

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
LINLinde plc	206.81B	442.90	32.52	0.46%	21.17%	17.69%	2.38%	0.57
OLNOlin Corporation	2.66B	23.35	25.66	-4.29%	0.79%	2.7%	11.56%	1.53
HDSNHudson Technologies, Inc.	313.06M	7.28	14	-17.96%	9.6%	8.55%	27.63%	0.03
GUREGulf Resources, Inc.	6.16M	4.00	-0.07	-74.5%	-195.77%	-19.16%		0.06
APDAir Products and Chemicals, Inc.	59.25B	266.18	-150.38	-0.52%	-3.28%	-2.27%		1.06

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	79.72M	105.48M	140.38M	166.53M	162.06M	147.6M	192.75M	325.23M	289.02M	237.12M
Revenue Growth %	0.43%	0.32%	0.33%	0.19%	-0.03%	-0.09%	0.31%	0.69%	-0.11%	-0.18%
Cost of Goods Sold+	61.23M	74.39M	102.4M	173.89M	144.89M	112.19M	121.08M	162.33M	177.52M	171.41M
COGS % of Revenue	0.77%	0.71%	0.73%	1.04%	0.89%	0.76%	0.63%	0.5%	0.61%	0.72%
Gross Profit+	18.49M	31.09M	37.98M	-7.37M	17.16M	35.41M	71.66M	162.89M	111.51M	65.71M
Gross Margin %	0.23%	0.29%	0.27%	-0.04%	0.11%	0.24%	0.37%	0.5%	0.39%	0.28%
Gross Profit Growth %	1.87%	0.68%	0.22%	-1.19%	3.33%	1.06%	1.02%	1.27%	-0.32%	-0.41%
Operating Expenses+	10.31M	12.14M	22.85M	35.24M	32.95M	29.51M	29.36M	31.38M	33.34M	36.41M
OpEx % of Revenue	0.13%	0.12%	0.16%	0.21%	0.2%	0.2%	0.15%	0.1%	0.12%	0.15%
Selling, General & Admin	10.31M	12.14M	21.75M	32.27M	30.02M	26.64M	26.57M	28.59M	30.54M	33.02M
SG&A % of Revenue	0.13%	0.12%	0.15%	0.19%	0.19%	0.18%	0.14%	0.09%	0.11%	0.14%
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	0	0	1.11M	2.97M	2.93M	2.86M	2.79M	2.79M	2.79M	3.39M
Operating Income+	8.18M	18.95M	15.13M	-42.61M	-15.78M	5.9M	42.3M	131.51M	78.17M	29.3M
Operating Margin %	0.1%	0.18%	0.11%	-0.26%	-0.1%	0.04%	0.22%	0.4%	0.27%	0.12%
Operating Income Growth %	9.31%	1.32%	-0.2%	-3.82%	0.63%	1.37%	6.17%	2.11%	-0.41%	-0.63%
EBITDA+	10.25M	21.17M	16.24M	-39.63M	-8.67M	12M	48.48M	137.49M	83.95M	35.69M
EBITDA Margin %	0.13%	0.2%	0.12%	-0.24%	-0.05%	0.08%	0.25%	0.42%	0.29%	0.15%
EBITDA Growth %	1709.83%	1.06%	-0.23%	-3.44%	0.78%	2.38%	3.04%	1.84%	-0.39%	-0.57%
D&A (Non-Cash Add-back)	2.07M	2.23M	1.11M	2.97M	7.12M	6.1M	6.18M	5.98M	5.78M	6.39M
EBIT	8.48M	18.95M	22.27M	-42.61M	-6.37M	6.94M	44.77M	131.51M	78.17M	29.3M
Net Interest Income+	-776K	-1.12M	-3.16M	-14.76M	-18.91M	-12.33M	-11.38M	-14.33M	-8.35M	476K
Interest Income	0	0	0	0	0	0	0	0	0	476K
Interest Expense	776K	1.12M	3.16M	14.76M	18.91M	12.33M	11.38M	14.33M	8.35M	0
Other Income/Expense	-474K	-1.68M	-3.13M	-14.76M	-9.5M	-11.3M	-8.91M	-14.33M	-8.35M	2.73M
Pretax Income+	7.71M	17.27M	12M	-57.36M	-25.28M	-5.39M	33.4M	117.18M	69.82M	32.03M
Pretax Margin %	0.1%	0.16%	0.09%	-0.34%	-0.16%	-0.04%	0.17%	0.36%	0.24%	0.14%
Income Tax+	2.94M	6.63M	847K	-1.7M	656K	-185K	1.14M	13.38M	17.57M	7.64M
Effective Tax Rate %	0.62%	0.62%	0.93%	0.97%	1.03%	0.97%	0.97%	0.89%	0.75%	0.76%
Net Income+	4.76M	10.64M	11.16M	-55.66M	-25.94M	-5.21M	32.26M	103.8M	52.25M	24.39M
Net Margin %	0.06%	0.1%	0.08%	-0.33%	-0.16%	-0.04%	0.17%	0.32%	0.18%	0.1%
Net Income Growth %	7.62%	1.23%	0.05%	-5.99%	0.53%	0.8%	7.19%	2.22%	-0.5%	-0.53%
Net Income (Continuing)	4.76M	10.64M	11.16M	-55.66M	-25.94M	-5.21M	32.26M	103.8M	52.25M	24.39M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	0.14	0.30	0.26	-1.31	-0.61	-0.12	0.69	2.20	1.10	0.52
EPS Growth %	6.67%	1.14%	-0.13%	-6.04%	0.53%	0.8%	6.75%	2.19%	-0.5%	-0.53%
EPS (Basic)	0.15	0.31	0.27	-1.31	-0.61	-0.12	0.74	2.31	1.15	0.54
Diluted Shares Outstanding	33.94M	35.42M	42.77M	42.48M	42.61M	42.71M	46.64M	47.11M	47.34M	47.08M
Basic Shares Outstanding	32.55M	34.1M	41.76M	42.48M	42.61M	42.71M	43.77M	44.99M	45.39M	45.33M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	69.47M	108.18M	208.92M	123.59M	74.42M	62.14M	119.95M	176.83M	205M	195.51M
Cash & Short-Term Investments	1.26M	33.93M	5M	2.27M	2.6M	1.35M	3.49M	5.29M	12.45M	70.13M
Cash Only	1.26M	33.93M	5M	2.27M	2.6M	1.35M	3.49M	5.29M	12.45M	70.13M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	4.41M	4.8M	24.5M	14.06M	8.06M	9.81M	14.22M	20.87M	30.61M	19.91M
Days Sales Outstanding	20.21	16.6	63.69	30.83	18.16	24.25	26.93	23.42	38.65	30.65
Inventory	61.9M	68.6M	172.49M	101.96M	59.24M	44.46M	94.14M	145.38M	154.45M	96.25M
Days Inventory Outstanding	368.96	336.57	614.84	214.02	149.23	144.64	283.79	326.88	317.57	204.95
Other Current Assets	376K	847K	0	5.29M	4.53M	6.53M	8.09M	5.29M	7.49M	9.22M
Total Non-Current Assets+	15.54M	14.29M	112.53M	104.75M	105.73M	99.51M	95.77M	95.66M	91.68M	107.14M
Property, Plant & Equipment	7.54M	7.53M	30.46M	27.39M	31.72M	28.47M	26.9M	27.91M	25.97M	28.43M
Fixed Asset Turnover	10.58x	14.00x	4.61x	6.08x	5.11x	5.18x	7.17x	11.65x	11.13x	8.34x
Goodwill	856K	856K	49.46M	47.8M	47.8M	47.8M	47.8M	47.8M	47.8M	62.28M
Intangible Assets	3.79M	3.3M	32.42M	29.45M	26.01M	23.15M	20.36M	17.56M	14.77M	14.1M
Long-Term Investments	0	0	0	0	0	0	0	0	0	0
Other Non-Current Assets	76K	75K	184K	106K	192K	85K	710K	2.39M	3.14M	2.33M
Total Assets+	85.01M	122.47M	321.44M	228.34M	180.15M	161.65M	215.72M	272.49M	296.67M	302.65M
Asset Turnover	0.94x	0.86x	0.44x	0.73x	0.90x	0.91x	0.89x	1.19x	0.97x	0.78x
Asset Growth %	0.42%	0.44%	1.62%	-0.29%	-0.21%	-0.1%	0.33%	0.26%	0.09%	0.02%
Total Current Liabilities+	30.96M	10.3M	95.42M	60.41M	46.13M	37.77M	64.44M	52.63M	58.55M	47.81M
Accounts Payable	5.79M	5.11M	10.88M	8.67M	10.27M	7.64M	9.62M	14.16M	23.4M	8.69M
Days Payables Outstanding	34.53	25.07	38.8	18.2	25.88	24.87	29.01	31.85	48.11	18.51
Short-Term Debt	20.57M	199K	66.2M	31.67M	17.01M	9.31M	20.25M	4.25M	0	0
Deferred Revenue (Current)	0	0	0	0	0	0	0	0	0	0
Other Current Liabilities	1.9M	2.89M	15.22M	19.02M	18.12M	11.39M	2.97M	14.54M	29.64M	21.13M
Current Ratio	2.24x	10.50x	2.19x	2.05x	1.61x	1.65x	1.86x	3.36x	3.50x	4.09x
Quick Ratio	0.24x	3.84x	0.38x	0.36x	0.33x	0.47x	0.40x	0.60x	0.86x	2.08x
Cash Conversion Cycle	354.64	328.1	639.73	226.65	141.5	144.02	281.72	318.45	308.11	217.09
Total Non-Current Liabilities+	4.63M	152K	102.57M	98.72M	88.92M	83.26M	80.34M	44.99M	9.35M	8.99M
Long-Term Debt	4.29M	152K	101.14M	98.27M	81.98M	77.98M	73.14M	38.98M	0	0
Capital Lease Obligations	0	116K	20K	6K	5.75M	3.93M	5.5M	5.76M	4.79M	4.92M
Deferred Tax Liabilities	0	0	1.47M	443K	1.19M	1.35M	1.69M	244K	4.56M	4.08M
Other Non-Current Liabilities	333K	-116K	0	0	0	0	0	0	0	0
Total Liabilities	35.59M	10.45M	197.99M	159.13M	135.04M	121.03M	144.78M	97.62M	67.9M	56.8M
Total Debt+	24.87M	351K	167.36M	129.94M	104.73M	93.92M	100.27M	50.67M	6.68M	6.88M
Net Debt	23.61M	-33.58M	162.36M	127.67M	102.13M	92.57M	96.78M	45.37M	-5.76M	-63.26M
Debt / Equity	0.50x	0.00x	1.36x	1.88x	2.32x	2.31x	1.41x	0.29x	0.03x	0.03x
Debt / EBITDA	2.43x	0.02x	10.31x	-	-	7.83x	2.07x	0.37x	0.08x	0.19x
Net Debt / EBITDA	2.30x	-1.59x	10.00x	-	-	7.71x	2.00x	0.33x	-0.07x	-1.77x
Interest Coverage	10.54x	16.95x	4.79x	-2.89x	-0.83x	0.48x	3.72x	9.18x	9.36x	-
Total Equity+	49.42M	112.02M	123.45M	69.21M	45.11M	40.62M	70.94M	174.88M	228.77M	245.85M
Equity Growth %	0.12%	1.27%	0.1%	-0.44%	-0.35%	-0.1%	0.75%	1.47%	0.31%	0.07%
Book Value per Share	1.46	3.16	2.89	1.63	1.06	0.95	1.52	3.71	4.83	5.22
Total Shareholders' Equity	49.42M	112.02M	123.45M	69.21M	45.11M	40.62M	70.94M	174.88M	228.77M	245.85M
Common Stock	328K	415K	424K	426K	426K	433K	448K	453K	455K	443K
Retained Earnings	-13.07M	-2.43M	8.73M	-46.93M	-72.87M	-78.08M	-45.82M	57.98M	110.23M	134.62M
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	-10.5M	9.35M	18.37M	36.33M	33.82M	11.69M	-1.23M	62.81M	58.55M	91.81M
Operating CF Margin %	-0.13%	0.09%	0.13%	0.22%	0.21%	0.08%	-0.01%	0.19%	0.2%	0.39%
Operating CF Growth %	-7.17%	1.89%	0.96%	0.98%	-0.07%	-0.65%	-1.11%	52.15%	-0.07%	0.57%
Net Income	4.76M	10.64M	11.16M	-55.66M	-25.94M	-5.21M	32.26M	103.8M	52.25M	24.39M
Depreciation & Amortization	2.07M	2.23M	3.38M	7.13M	7.12M	6.1M	6.18M	5.98M	5.78M	6.39M
Stock-Based Compensation	203K	706K	1.5M	1.4M	1.83M	656K	511K	922K	2.31M	842K
Deferred Taxes	2.77M	1.08M	4M	-1.03M	749K	163K	337K	-1.45M	4.31M	-482K
Other Non-Cash Items	-227K	718K	1.05M	29.92M	1.98M	-2.93M	-4.11M	8.06M	4.67M	2.93M
Working Capital Changes	-20.18M	-5.85M	-2.86M	54.09M	48.09M	12.91M	-36.4M	-54.5M	-10.78M	57.74M
Change in Receivables	-545K	-404K	4.5M	287K	6.08M	-2.63M	-4.46M	-7.75M	-4.96M	11.46M
Change in Inventory	-23.43M	-6.7M	-840K	43.33M	43.46M	18.71M	-46.88M	-53.07M	-6.81M	60.25M
Change in Payables	4.26M	173K	6.03M	-423K	0	0	0	0	9.46M	-12.73M
Cash from Investing+	-3.33M	-1.73M	-209.99M	-1.09M	-1.01M	-470K	-1.92M	-3.66M	-3.58M	-25.97M
Capital Expenditures	-889K	-1.73M	-1.02M	-1.09M	-1.01M	-1.47M	-1.92M	-3.66M	-3.58M	-5.3M
CapEx % of Revenue	0.01%	0.02%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.02%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	0	0	0	0	0	1M	0	0	0	0
Cash from Financing+	14.15M	25.06M	162.7M	-37.97M	-32.48M	-12.47M	5.29M	-57.35M	-47.82M	-8.15M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	-445K	-1.49M	-7.94M	-1.04M	-1.35M	0	-2.65M	-9.48M	-694K	-7K
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	-11.4M	7.62M	17.34M	35.24M	32.81M	10.22M	-3.15M	59.16M	54.97M	86.51M
FCF Margin %	-0.14%	0.07%	0.12%	0.21%	0.2%	0.07%	-0.02%	0.18%	0.19%	0.36%
FCF Growth %	-12.7%	1.67%	1.28%	1.03%	-0.07%	-0.69%	-1.31%	19.78%	-0.07%	0.57%
FCF per Share	-0.34	0.22	0.41	0.83	0.77	0.24	-0.07	1.26	1.16	1.84
FCF Conversion (FCF/Net Income)	-2.21x	0.88x	1.65x	-0.65x	-1.30x	-2.24x	-0.04x	0.61x	1.12x	3.76x
Interest Paid	0	964K	2.03M	0	15.16M	11.38M	10.16M	11.7M	4.47M	690K
Taxes Paid	0	4.99M	6.83M	0	0	0	128K	15.46M	18.54M	8.99M

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	10.2%	13.18%	9.48%	-57.78%	-45.38%	-12.15%	57.83%	84.45%	25.89%	10.28%
Return on Invested Capital (ROIC)	9.68%	18.76%	6.23%	-13.24%	-6.88%	3.16%	21.09%	50.85%	26.45%	10.84%
Gross Margin	23.19%	29.47%	27.06%	-4.42%	10.59%	23.99%	37.18%	50.09%	38.58%	27.71%
Net Margin	5.97%	10.08%	7.95%	-33.42%	-16.01%	-3.53%	16.74%	31.92%	18.08%	10.29%
Debt / Equity	0.50x	0.00x	1.36x	1.88x	2.32x	2.31x	1.41x	0.29x	0.03x	0.03x
Interest Coverage	10.54x	16.95x	4.79x	-2.89x	-0.83x	0.48x	3.72x	9.18x	9.36x	-
FCF Conversion	-2.21x	0.88x	1.65x	-0.65x	-1.30x	-2.24x	-0.04x	0.61x	1.12x	3.76x
Revenue Growth	42.85%	32.31%	33.09%	18.62%	-2.68%	-8.92%	30.58%	68.73%	-11.13%	-17.96%

Revenue by Segment

	2016	2018	2019	2020	2021	2022	2023	2024
Product	-	162.23M	157.51M	143.21M	187.8M	319.02M	281.95M	230.26M
Product Growth	-	-	-2.91%	-9.08%	31.14%	69.87%	-11.62%	-18.33%
Refrigerant Side Services	-	-	-	-	4.95M	6.21M	7.07M	6.85M
Refrigerant Side Services Growth	-	-	-	-	-	25.40%	13.94%	-3.07%
Service	-	4.3M	4.55M	4.39M	-	-	-	-
Service Growth	-	-	5.84%	-3.34%	-	-	-	-
Refrigerants and Management Services	1.3M	-	-	-	-	-	-	-
Refrigerants and Management Services Growth	-	-	-	-	-	-	-	-

Frequently Asked Questions

Valuation & Price

Hudson Technologies, Inc. (HDSN) has a price-to-earnings (P/E) ratio of 14.0x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

Hudson Technologies, Inc. (HDSN) reported $236.8M in revenue for fiscal year 2024. This represents a 434% increase from $44.3M in 2011.

Hudson Technologies, Inc. (HDSN) saw revenue decline by 18.0% over the past year.

Yes, Hudson Technologies, Inc. (HDSN) is profitable, generating $22.7M in net income for fiscal year 2024 (10.3% net margin).

Dividend & Returns

Hudson Technologies, Inc. (HDSN) has a return on equity (ROE) of 10.3%. This is reasonable for most industries.

Hudson Technologies, Inc. (HDSN) generated $44.6M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.