Ridgetech Inc. (RDGT) 10-Year Financial Performance & Capital Metrics

RDGT • • Industrial / General

HealthcareMedical DistributionPharmaceutical DistributionSpecialty Pharmaceutical Distributors

AboutRidgetech Inc operates as a holding company. The Company, through its subsidiaries, wholesales, distributes, and retails pharmaceutical and other healthcare products.Show more

Revenue $120M -22.4%
EBITDA $5M +169.2%
Net Income $10M +340.8%
EPS (Diluted) 1.84 +162.8%
Gross Margin 3.2% -84.1%
EBITDA Margin 4.15% +246.8%
Operating Margin -0.86% +62.3%
Net Margin 8.5% +410.1%
ROE 46.41% +269.7%
ROIC -2.4% +64.9%
Debt/Equity 0.35 -88.4%
Interest Coverage -

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Momentum leader: RS Rating 91 (top 9%)
✓Trading at only 0.4x book value
✓Efficient asset utilization: 1.9x turnover

✗Weaknesses

✗Low quality earnings: Net income not backed by cash flow
✗Shares diluted 100.0% in last year
✗Trading more than 30% below 52-week high

Price & Volume

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Growth Metrics

Revenue CAGR

10Y4.55%

5Y0.45%

3Y-9.97%

TTM10.62%

Profit (Net Income) CAGR

10Y28.1%

5Y-

3Y-

TTM-589.28%

EPS CAGR

10Y-18.6%

5Y-

3Y-

TTM-28.24%

ROCE

10Y Avg-25.49%

5Y Avg-24.5%

3Y Avg-31.33%

Latest-4.07%

Peer Comparison

Specialty Pharmaceutical Distributors

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
RDGTRidgetech Inc.	43.15M	2.36	1.28	-22.37%	-8.97%	-134.46%	1.47%	0.35
WGRXWellgistics Health, Inc.	41.73M	0.41	-3.14		-13%	-10.78%		3.73

Profit & Loss

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Sales/Revenue+	89.07M	81.5M	96.11M	107.55M	117.33M	133.13M	164.39M	148.81M	154.54M	119.97M
Revenue Growth %	0.16%	-0.08%	0.18%	0.12%	0.09%	0.13%	0.23%	-0.09%	0.04%	-0.22%
Cost of Goods Sold+	71.55M	64.87M	75.99M	82.44M	91.8M	103.89M	127.87M	114.53M	123.43M	116.13M
COGS % of Revenue	0.8%	0.8%	0.79%	0.77%	0.78%	0.78%	0.78%	0.77%	0.8%	0.97%
Gross Profit+	17.51M	16.63M	20.13M	25.11M	25.53M	29.24M	36.52M	34.28M	31.11M	3.84M
Gross Margin %	0.2%	0.2%	0.21%	0.23%	0.22%	0.22%	0.22%	0.23%	0.2%	0.03%
Gross Profit Growth %	0.41%	-0.05%	0.21%	0.25%	0.02%	0.15%	0.25%	-0.06%	-0.09%	-0.88%
Operating Expenses+	17.54M	22.73M	38.15M	25.98M	32.53M	38.08M	39.21M	55.21M	34.64M	4.87M
OpEx % of Revenue	0.2%	0.28%	0.4%	0.24%	0.28%	0.29%	0.24%	0.37%	0.22%	0.04%
Selling, General & Admin	17.54M	20.61M	36.56M	25.98M	31.9M	37.85M	39.06M	55.21M	34.64M	4.87M
SG&A % of Revenue	0.2%	0.25%	0.38%	0.24%	0.27%	0.28%	0.24%	0.37%	0.22%	0.04%
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	0	2.12M	1.58M	0	628.19K	228.51K	148.79K	0	0	0
Operating Income+	-24.77K	-6.1M	-18.02M	-876.13K	-7M	-8.84M	-2.69M	-20.93M	-3.53M	-1.04M
Operating Margin %	-0%	-0.07%	-0.19%	-0.01%	-0.06%	-0.07%	-0.02%	-0.14%	-0.02%	-0.01%
Operating Income Growth %	-1.01%	-245.23%	-1.96%	0.95%	-6.99%	-0.26%	0.7%	-6.77%	0.83%	0.71%
EBITDA+	1.43M	-4.78M	-16.64M	800.28K	-4.92M	-7.09M	-1.44M	-20.21M	1.85M	4.98M
EBITDA Margin %	0.02%	-0.06%	-0.17%	0.01%	-0.04%	-0.05%	-0.01%	-0.14%	0.01%	0.04%
EBITDA Growth %	-0.68%	-4.34%	-2.48%	1.05%	-7.15%	-0.44%	0.8%	-13.06%	1.09%	1.69%
D&A (Non-Cash Add-back)	1.46M	1.32M	1.38M	1.68M	2.08M	1.75M	1.26M	718K	5.38M	6.02M
EBIT	699.48K	-5.56M	-16.44M	-1.18M	-5.74M	-7.89M	-1.84M	-20.68M	-4.16M	-1.04M
Net Interest Income+	143.93K	378.44K	478.98K	112.89K	365.23K	252.69K	139.7K	818.05K	503.03K	92.83K
Interest Income	299.51K	379.79K	478.98K	112.89K	1.06M	707.88K	401.92K	883.91K	516.64K	92.83K
Interest Expense	155.58K	1.35K	0	0	698.52K	455.19K	262.22K	65.85K	13.6K	0
Other Income/Expense	568.66K	538.36K	1.04M	-306.88K	562.32K	493.3K	595.25K	181.15K	-636.82K	84.68K
Pretax Income+	543.9K	-5.56M	-16.98M	-1.18M	-6.44M	-8.34M	-2.1M	-20.74M	-4.17M	-950.66K
Pretax Margin %	0.01%	-0.07%	-0.18%	-0.01%	-0.05%	-0.06%	-0.01%	-0.14%	-0.03%	-0.01%
Income Tax+	96.74K	84.39K	76.26K	134.76K	16.26K	31.64K	1.1M	394.54K	62.86K	503.52K
Effective Tax Rate %	0.82%	1.02%	1%	0.78%	0.9%	0.97%	1.52%	1.02%	1.02%	-10.72%
Net Income+	447.16K	-5.64M	-17.06M	-926.28K	-5.81M	-8.12M	-3.19M	-21.14M	-4.23M	10.19M
Net Margin %	0.01%	-0.07%	-0.18%	-0.01%	-0.05%	-0.06%	-0.02%	-0.14%	-0.03%	0.08%
Net Income Growth %	-0.48%	-13.62%	-2.02%	0.95%	-5.28%	-0.4%	0.61%	-5.62%	0.8%	3.41%
Net Income (Continuing)	447.16K	-5.64M	-17.06M	-1.32M	-6.46M	-8.38M	-3.2M	-21.14M	-4.23M	-1.45M
Discontinued Operations	0	0	0	0	0	0	0	0	0	11.65M
Minority Interest	0	0	0	-1.19M	-1.81M	-1.34M	-1.35M	-1.35M	-1.35M	0
EPS (Diluted)+	7.20	-67.20	-163.20	-7.20	-43.18	-48.00	-18.35	-41.46	-2.93	1.84
EPS Growth %	-0.5%	-10.33%	-1.43%	0.96%	-5%	-0.11%	0.62%	-1.26%	0.93%	1.63%
EPS (Basic)	7.20	-67.20	-163.20	-7.20	-43.18	-48.00	-18.35	-41.46	-2.93	1.84
Diluted Shares Outstanding	67.28K	84.98K	105.17K	120.57K	136.79K	169.92K	173.97K	509.83K	1.44M	5.54M
Basic Shares Outstanding	67.07K	84.98K	105.17K	120.57K	136.79K	169.92K	173.97K	509.83K	1.44M	5.54M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Total Current Assets+	46.88M	55.96M	62.32M	56.2M	60.99M	72.23M	75.36M	64.48M	69.68M	59.71M
Cash & Short-Term Investments	7.14M	18.45M	15.31M	9.5M	16.33M	22.14M	18.46M	18.81M	20.15M	12.78M
Cash Only	6.67M	18.36M	15.13M	9.32M	16.18M	22.05M	18.46M	18.81M	20.15M	12.78M
Short-Term Investments	465.17K	87.07K	175.14K	180.93K	157.16K	91.47K	0	0	0	0
Accounts Receivable	9.45M	11.08M	11.7M	13.31M	14.9M	18.52M	22.5M	16.84M	19.08M	30.23M
Days Sales Outstanding	38.71	49.64	44.43	45.16	46.34	50.76	49.96	41.32	45.05	91.98
Inventory	10.8M	9.92M	13.43M	13.96M	12.25M	16.97M	16.02M	15.31M	16.25M	9.76M
Days Inventory Outstanding	55.1	55.83	64.51	61.78	48.69	59.63	45.73	48.79	48.05	30.67
Other Current Assets	13.75M	9.43M	16.32M	15.51M	14.97M	12.75M	16.96M	12.85M	12.78M	6.51M
Total Non-Current Assets+	15.19M	11.21M	11.49M	16.53M	38.53M	34.08M	31.03M	26.49M	25.37M	4.78M
Property, Plant & Equipment	8.14M	5.44M	4.08M	8.73M	29.35M	23.33M	19.66M	19.03M	18.73M	8.93K
Fixed Asset Turnover	10.94x	14.98x	23.56x	12.32x	4.00x	5.71x	8.36x	7.82x	8.25x	13433.17x
Goodwill	0	0	0	0	0	0	0	0	0	1.46M
Intangible Assets	2.93M	2.71M	4.06M	4.79M	4.44M	4.38M	4.37M	3.89M	3.65M	3.3M
Long-Term Investments	108.54K	46.15K	40.89K	24.24K	2.54M	3.98M	4.51M	1.77M	1.2M	0
Other Non-Current Assets	4.01M	3.01M	3.32M	2.98M	2.2M	2.38M	2.48M	1.8M	1.8M	0
Total Assets+	62.07M	67.17M	73.81M	72.73M	99.52M	106.31M	106.38M	90.97M	95.06M	64.48M
Asset Turnover	1.43x	1.21x	1.30x	1.48x	1.18x	1.25x	1.55x	1.64x	1.63x	1.86x
Asset Growth %	0.04%	0.08%	0.1%	-0.01%	0.37%	0.07%	0%	-0.14%	0.04%	-0.32%
Total Current Liabilities+	42.12M	40.01M	54.81M	55.21M	57.44M	64.9M	74.45M	66.54M	74.36M	34.36M
Accounts Payable	16.67M	19.44M	25.26M	23.11M	21.56M	29.9M	27.33M	26.99M	31.63M	19.67M
Days Payables Outstanding	85.02	109.39	121.33	102.3	85.72	105.03	78.01	86.02	93.53	61.81
Short-Term Debt	17.63M	12.69M	19.18M	25.95M	30.3M	28.98M	36.15M	29.26M	31.95M	10.39M
Deferred Revenue (Current)	1000K	1000K	1000K	771.94K	708.14K	1000K	1000K	695.93K	518.24K	264.07K
Other Current Liabilities	0	0	0	0	0	0	0	0	0	0
Current Ratio	1.11x	1.40x	1.14x	1.02x	1.06x	1.11x	1.01x	0.97x	0.94x	1.74x
Quick Ratio	0.86x	1.15x	0.89x	0.77x	0.85x	0.85x	0.80x	0.74x	0.72x	1.45x
Cash Conversion Cycle	8.8	-3.91	-12.39	4.65	9.32	5.36	17.67	4.09	-0.43	60.83
Total Non-Current Liabilities+	636.3K	496.22K	138.8K	547.18K	23.3M	17.01M	9.2M	7.77M	6.4M	492.12K
Long-Term Debt	0	0	0	0	4.12M	1.89M	0	0	0	0
Capital Lease Obligations	0	0	0	0	19.05M	15.12M	9.2M	7.77M	6.4M	0
Deferred Tax Liabilities	0	0	0	0	0	0	0	0	0	492.12K
Other Non-Current Liabilities	636.3K	496.22K	138.8K	547.18K	134.6K	0	0	0	0	0
Total Liabilities	42.76M	40.51M	54.95M	55.76M	80.74M	81.91M	83.65M	74.3M	80.76M	34.85M
Total Debt+	17.63M	12.69M	19.18M	25.95M	54.45M	46.78M	48.67M	42.16M	43.22M	10.39M
Net Debt	10.95M	-5.67M	4.05M	16.63M	38.27M	24.74M	30.22M	23.35M	23.07M	-2.39M
Debt / Equity	0.91x	0.48x	1.02x	1.53x	2.90x	1.92x	2.14x	2.53x	3.02x	0.35x
Debt / EBITDA	12.32x	-	-	32.43x	-	-	-	-	23.36x	2.09x
Net Debt / EBITDA	7.65x	-	-	20.78x	-	-	-	-	12.47x	-0.48x
Interest Coverage	-0.16x	-4520.52x	-	-	-10.03x	-19.41x	-10.27x	-317.75x	-259.82x	-
Total Equity+	19.32M	26.66M	18.86M	16.97M	18.78M	24.4M	22.74M	16.67M	14.29M	29.64M
Equity Growth %	0.12%	0.38%	-0.29%	-0.1%	0.11%	0.3%	-0.07%	-0.27%	-0.14%	1.07%
Book Value per Share	287.09	313.76	179.35	140.76	137.28	143.61	130.71	32.69	9.90	5.35
Total Shareholders' Equity	19.32M	26.66M	18.86M	18.17M	20.59M	25.74M	24.09M	18.01M	15.64M	29.64M
Common Stock	17.74K	25.21K	28.94K	28.94K	32.94K	41.75K	41.75K	284.37K	418.41K	1.41M
Retained Earnings	-6.96M	-12.6M	-29.66M	-30.59M	-36.4M	-44.94M	-48.13M	-69.27M	-73.51M	-63.31M
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	4.17M	2.66M	4.9M	3.82M	2.75M	4.13M	5.66M	3.04M	2.31M	-199.2K
Minority Interest	0	0	0	-1.19M	-1.81M	-1.34M	-1.35M	-1.35M	-1.35M	0

Cash Flow

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operations+	2.59M	1.56M	-2.07M	-5.6M	-6.91M	-62.29K	-5.39M	-3.28M	-3.16M	1.25M
Operating CF Margin %	0.03%	0.02%	-0.02%	-0.05%	-0.06%	-0%	-0.03%	-0.02%	-0.02%	0.01%
Operating CF Growth %	1.43%	-0.4%	-2.33%	-1.71%	-0.23%	0.99%	-85.46%	0.39%	0.04%	1.4%
Net Income	447.16K	-5.64M	-17.06M	-1.32M	-6.46M	-8.38M	-3.2M	-21.14M	-4.23M	10.2M
Depreciation & Amortization	1.46M	1.32M	1.38M	1.68M	2.08M	1.75M	1.26M	718K	5.38M	6.02M
Stock-Based Compensation	1.02M	2.25M	7.02M	197.1K	34.56K	3.94M	0	10.36M	0	0
Deferred Taxes	0	0	0	0	0	0	0	0	0	-29.82K
Other Non-Cash Items	-2.2M	2.66M	5.24M	-3.03M	673.39K	-542.45K	1.09M	9.9M	1.47M	-15.67M
Working Capital Changes	1.86M	982.08K	1.35M	-3.13M	-3.24M	3.16M	-4.53M	-3.12M	-5.77M	733.6K
Change in Receivables	483.59K	-1.74M	-2.56M	-1.34M	-2.47M	-2.82M	-4.54M	-3.51M	-2.78M	-1.75M
Change in Inventory	-762.21K	191.56K	-2.41M	-1.39M	979.93K	-3.62M	1.52M	-522.55K	-1.7M	405.82K
Change in Payables	1.6M	3.94M	3.73M	-528.35K	-317.75K	6.38M	-3.56M	1.77M	6M	-21.13M
Cash from Investing+	429.81K	-46.55K	-2.98M	-7.33M	-4.84M	-2M	-306.14K	-316.1K	-2.04M	-18.14M
Capital Expenditures	-250.32K	-411.2K	-1.76M	-7.28M	-1.41M	-506.38K	-299.13K	-298.94K	-856.66K	-615.27K
CapEx % of Revenue	0%	0.01%	0.02%	0.07%	0.01%	0%	0%	0%	0.01%	0.01%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	0	0	-1.14M	-29.82K	-871.14K	-97.8K	-7.01K	-12.77K	-66.97K	0
Cash from Financing+	-401.89K	10.64M	4.89M	8.08M	19.01M	3.08M	4.84M	2.37M	8M	1.51M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	-5.8M	3.89M	-91.39K	59.34K	-292.3K	-69.76K	689.01K	-838.7K	1.26M	-1.17M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	2.34M	1.15M	-4.97M	-12.91M	-9.19M	-666.47K	-5.69M	-3.6M	-4.08M	632.5K
FCF Margin %	0.03%	0.01%	-0.05%	-0.12%	-0.08%	-0.01%	-0.03%	-0.02%	-0.03%	0.01%
FCF Growth %	2.17%	-0.51%	-5.33%	-1.6%	0.29%	0.93%	-7.54%	0.37%	-0.13%	1.16%
FCF per Share	34.71	13.51	-47.28	-107.09	-67.20	-3.92	-32.72	-7.05	-2.82	0.11
FCF Conversion (FCF/Net Income)	5.78x	-0.28x	0.12x	6.05x	1.19x	0.01x	1.69x	0.16x	0.75x	0.12x
Interest Paid	155.58K	1.35K	0	0	108.1K	455.19K	262.22K	64.94K	13.6K	6.29K
Taxes Paid	78.55K	57.25K	27.82K	56.42K	17.2K	37.74K	3.96K	63.67K	149.02K	137.46K

Key Ratios

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Return on Equity (ROE)	2.45%	-24.55%	-74.94%	-5.17%	-32.52%	-37.61%	-13.54%	-107.29%	-27.35%	46.41%
Return on Invested Capital (ROIC)	-0.06%	-17.84%	-61.57%	-2.33%	-11.59%	-12.48%	-3.96%	-33.76%	-6.85%	-2.4%
Gross Margin	19.66%	20.4%	20.94%	23.35%	21.76%	21.97%	22.21%	23.04%	20.13%	3.2%
Net Margin	0.5%	-6.93%	-17.75%	-0.86%	-4.95%	-6.1%	-1.94%	-14.2%	-2.74%	8.5%
Debt / Equity	0.91x	0.48x	1.02x	1.53x	2.90x	1.92x	2.14x	2.53x	3.02x	0.35x
Interest Coverage	-0.16x	-4520.52x	-	-	-10.03x	-19.41x	-10.27x	-317.75x	-259.82x	-
FCF Conversion	5.78x	-0.28x	0.12x	6.05x	1.19x	0.01x	1.69x	0.16x	0.75x	0.12x
Revenue Growth	15.83%	-8.5%	17.93%	11.9%	9.09%	13.47%	23.48%	-9.48%	3.85%	-22.37%

Frequently Asked Questions

Valuation & Price

Ridgetech Inc. (RDGT) has a price-to-earnings (P/E) ratio of 1.3x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

Ridgetech Inc. (RDGT) reported $301.8M in revenue for fiscal year 2025. This represents a 220% increase from $94.4M in 2012.

Ridgetech Inc. (RDGT) saw revenue decline by 22.4% over the past year.

Ridgetech Inc. (RDGT) reported a net loss of $27.1M for fiscal year 2025.

Dividend & Returns

Ridgetech Inc. (RDGT) has a return on equity (ROE) of 46.4%. This is excellent, indicating efficient use of shareholder capital.

Ridgetech Inc. (RDGT) had negative free cash flow of $19.0M in fiscal year 2025, likely due to heavy capital investments.

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