Sturm, Ruger & Company, Inc. (RGR) 10-Year Financial Performance & Capital Metrics

RGR • • Industrial / General

IndustrialsAerospace & DefenseDefense Electronics & Mission SystemsMilitary Communications & Networks

AboutSturm, Ruger & Company, Inc., together with its subsidiaries, designs, manufactures, and sells firearms under the Ruger name and trademark in the United States. It operates through two segments, Firearms and Castings. The company provides single-shot, autoloading, bolt-action, and sporting rifles; rimfire and centerfire autoloading pistols; single-action and double-action revolvers; and firearms accessories and replacement parts, as well as manufactures lever-action rifles under the Marlin name and trademark. The company also manufactures and sells steel investment castings and metal injection molding (MIM) parts. It sells its firearm products through independent wholesale distributors principally to the commercial sporting market; and castings and MIM parts directly or through manufacturers' representatives. The company also exports its firearm products through a network of commercial distributors and directly to foreign customers comprising primarily of law enforcement agencies and foreign governments. Sturm, Ruger & Company, Inc. was founded in 1949 and is based in Southport, Connecticut.Show more

Revenue $536M -1.5%
EBITDA $54M -27.9%
Net Income $31M -36.6%
EPS (Diluted) 1.77 -34.7%
Gross Margin 21.36% -13.1%
EBITDA Margin 10.03% -26.8%
Operating Margin 5.91% -38.3%
Net Margin 5.71% -35.6%
ROE 9.39% -36.9%
ROIC 7.54% -44.7%
Debt/Equity 0.01 -16.4%
Interest Coverage 310.33 +22.1%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Company is almost debt free
✓High quality earnings: Operating CF exceeds net income
✓Good 3Y average ROE of 16.7%
✓Share count reduced 3.0% through buybacks
✓Healthy 5Y average net margin of 13.3%
✓Efficient asset utilization: 1.4x turnover

✗Weaknesses

No significant weaknesses identified

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-0.16%

5Y5.47%

3Y-9.83%

TTM3.9%

Profit (Net Income) CAGR

10Y-2.31%

5Y-1.09%

3Y-41.91%

TTM-91.43%

EPS CAGR

10Y-0.96%

5Y-0.56%

3Y-41.36%

TTM-93.06%

ROCE

10Y Avg33.14%

5Y Avg32.58%

3Y Avg18.53%

Latest9.61%

Peer Comparison

Military Communications & Networks

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
AXONAxon Enterprise, Inc.	50.62B	637.19	132.75	33.44%	10.05%	8.49%	0.65%	0.60
CDRECadre Holdings, Inc.	1.77B	43.58	48.42	17.62%	7.33%	13.33%	1.47%	0.77
SWBISmith & Wesson Brands, Inc.	491.21M	11.04	36.80	-11.42%	2.12%	2.73%		0.31
BYRNByrna Technologies Inc.	397.7M	17.50	31.82	101.1%	14.43%	25.33%	2.36%	0.05
RGRSturm, Ruger & Company, Inc.	610.82M	38.31	21.64	-1.49%	0.48%	0.93%	5.68%	0.01
NPKNational Presto Industries, Inc.	852.37M	119.18	20.48	13.88%	9.23%	11.11%		0.03
PEWGrabAGun Digital Holdings Inc.	95.75M	3.19	11.81			6.92%
GPUSHyperscale Data, Inc.	90.55M	0.28	-0.01	-31.82%	-38.79%	-63.6%		57.56

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	551.09M	664.33M	522.26M	495.63M	410.51M	568.87M	730.74M	595.84M	543.77M	535.64M
Revenue Growth %	0.01%	0.21%	-0.21%	-0.05%	-0.17%	0.39%	0.28%	-0.18%	-0.09%	-0.01%
Cost of Goods Sold+	378.93M	444.77M	368.25M	361.28M	310.96M	377.43M	451.18M	415.76M	410.15M	421.23M
COGS % of Revenue	0.69%	0.67%	0.71%	0.73%	0.76%	0.66%	0.62%	0.7%	0.75%	0.79%
Gross Profit+	172.16M	219.55M	154.01M	134.36M	99.55M	191.44M	279.56M	180.09M	133.62M	114.42M
Gross Margin %	0.31%	0.33%	0.29%	0.27%	0.24%	0.34%	0.38%	0.3%	0.25%	0.21%
Gross Profit Growth %	0.02%	0.28%	-0.3%	-0.13%	-0.26%	0.92%	0.46%	-0.36%	-0.26%	-0.14%
Operating Expenses+	77.61M	85.15M	77.63M	67.35M	60.17M	72.29M	76.42M	76.63M	81.53M	82.76M
OpEx % of Revenue	0.14%	0.13%	0.15%	0.14%	0.15%	0.13%	0.1%	0.13%	0.15%	0.15%
Selling, General & Admin	77.73M	85.15M	77.63M	67.36M	60.12M	72.34M	76.55M	76.67M	81.54M	82.76M
SG&A % of Revenue	0.14%	0.13%	0.15%	0.14%	0.15%	0.13%	0.1%	0.13%	0.15%	0.15%
Research & Development	8.5M	8.7M	9.8M	8.5M	0	0	0	0	0	8.2M
R&D % of Revenue	0.02%	0.01%	0.02%	0.02%	-	-	-	-	-	0.02%
Other Operating Expenses	1.71M	1.68M	1.42M	1.82M	54K	-52K	-127K	-36K	-5K	-8.2M
Operating Income+	94.55M	134.41M	76.35M	67.01M	39.38M	119.15M	203.14M	103.46M	52.08M	31.65M
Operating Margin %	0.17%	0.2%	0.15%	0.14%	0.1%	0.21%	0.28%	0.17%	0.1%	0.06%
Operating Income Growth %	0.68%	0.42%	-0.43%	-0.12%	-0.41%	2.03%	0.7%	-0.49%	-0.5%	-0.39%
EBITDA+	130.78M	169.76M	110.61M	98.98M	68.71M	146.72M	229.29M	129.25M	74.47M	53.72M
EBITDA Margin %	0.24%	0.26%	0.21%	0.2%	0.17%	0.26%	0.31%	0.22%	0.14%	0.1%
EBITDA Growth %	0.41%	0.3%	-0.35%	-0.11%	-0.31%	1.14%	0.56%	-0.44%	-0.42%	-0.28%
D&A (Non-Cash Add-back)	36.23M	35.35M	34.26M	31.97M	29.33M	27.58M	26.15M	25.79M	22.38M	22.06M
EBIT	96.26M	136.11M	77.8M	69.04M	43.22M	121.17M	206.76M	108.53M	59.03M	37.88M
Net Interest Income+	-151K	-172K	-125K	-119K	2.4M	935K	-115K	2.3M	5.26M	4.78M
Interest Income	5K	14K	27K	211K	2.59M	1.13M	49K	2.55M	5.46M	4.88M
Interest Expense	156K	186K	152K	330K	192K	191K	164K	256K	205K	102K
Other Income/Expense	1.55M	296K	1.3M	1.71M	3.65M	1.83M	3.46M	4.82M	6.74M	6.12M
Pretax Income+	96.1M	135.92M	77.65M	68.71M	43.03M	120.98M	206.59M	108.28M	58.82M	37.77M
Pretax Margin %	0.17%	0.2%	0.15%	0.14%	0.1%	0.21%	0.28%	0.18%	0.11%	0.07%
Income Tax+	33.97M	48.45M	25.5M	17.78M	10.74M	30.58M	50.7M	19.95M	10.61M	7.21M
Effective Tax Rate %	0.65%	0.64%	0.67%	0.74%	0.75%	0.75%	0.75%	0.82%	0.82%	0.81%
Net Income+	62.13M	87.47M	52.14M	50.93M	32.29M	90.4M	155.9M	88.33M	48.22M	30.56M
Net Margin %	0.11%	0.13%	0.1%	0.1%	0.08%	0.16%	0.21%	0.15%	0.09%	0.06%
Net Income Growth %	0.61%	0.41%	-0.4%	-0.02%	-0.37%	1.8%	0.72%	-0.43%	-0.45%	-0.37%
Net Income (Continuing)	62.13M	87.47M	52.14M	50.93M	32.29M	90.4M	155.9M	88.33M	48.22M	30.56M
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)+	3.21	4.59	2.91	2.88	1.82	5.09	8.78	4.96	2.71	1.77
EPS Growth %	0.65%	0.43%	-0.37%	-0.01%	-0.37%	1.8%	0.72%	-0.44%	-0.45%	-0.35%
EPS (Basic)	3.32	4.62	2.94	2.92	1.85	5.17	8.87	5.01	2.73	1.79
Diluted Shares Outstanding	19.35M	19.05M	17.94M	17.69M	17.78M	17.77M	17.76M	17.79M	17.81M	17.27M
Basic Shares Outstanding	18.71M	18.93M	17.73M	17.44M	17.46M	17.49M	17.59M	17.65M	17.68M	17.09M
Dividend Payout Ratio	0.33%	0.38%	0.46%	0.38%	0.44%	1.26%	0.38%	0.48%	2.3%	0.39%

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+	189.27M	223.62M	166.78M	232.19M	249.32M	234.37M	328.73M	361.84M	271.39M	258.36M
Cash & Short-Term Investments	69.22M	87.13M	63.49M	152.82M	164.91M	141.15M	221.01M	224.31M	117.66M	105.48M
Cash Only	69.22M	87.13M	63.49M	38.49M	35.42M	20.15M	21.04M	65.17M	15.17M	10.03M
Short-Term Investments	0	0	0	114.33M	129.49M	121.01M	199.97M	159.13M	102.48M	95.45M
Accounts Receivable	71.72M	69.44M	60.08M	45.03M	52.64M	57.88M	57.04M	65.45M	59.86M	67.14M
Days Sales Outstanding	47.5	38.15	41.99	33.16	46.8	37.13	28.49	40.09	40.18	45.75
Inventory	37.1M	54.53M	39.71M	31.42M	28.3M	29.08M	43.85M	64.99M	79.81M	76.49M
Days Inventory Outstanding	35.73	44.75	39.36	31.74	33.22	28.12	35.47	57.06	71.02	66.28
Other Current Assets	8.22M	8.86M	0	2.92M	3.47M	0	0	7.09M	14.06M	9.24M
Total Non-Current Assets+	126.61M	131.78M	117.53M	103.34M	99.64M	113.89M	113.61M	122.92M	127.42M	125.68M
Property, Plant & Equipment	103.82M	104.24M	103.8M	82.71M	73.91M	70.73M	73.63M	76.85M	71.53M	71.25M
Fixed Asset Turnover	5.31x	6.37x	5.03x	5.99x	5.55x	8.04x	9.92x	7.75x	7.60x	7.52x
Goodwill	0	0	0	0	0	0	0	0	0	0
Intangible Assets	2.96M	2.61M	2.61M	2.46M	2.4M	12.59M	12.46M	11.61M	10.91M	10.13M
Long-Term Investments	-9.01M	-334K	6.56M	-2.46M	-2.4M	-12.59M	0	0	0	0
Other Non-Current Assets	22.79M	24.93M	3.17M	17.66M	20.34M	41.62M	26.98M	28.36M	33M	27.62M
Total Assets+	315.88M	355.4M	284.32M	335.53M	348.96M	348.26M	442.34M	484.76M	398.82M	384.03M
Asset Turnover	1.74x	1.87x	1.84x	1.48x	1.18x	1.63x	1.65x	1.23x	1.36x	1.39x
Asset Growth %	0.24%	0.13%	-0.2%	0.18%	0.04%	-0%	0.27%	0.1%	-0.18%	-0.04%
Total Current Liabilities+	81.99M	80.89M	52.68M	71.19M	61.24M	81.76M	77.11M	163.07M	63.2M	60.81M
Accounts Payable	13.07M	16.97M	8.76M	11.68M	8.34M	12.8M	12.21M	13.28M	11.1M	13.17M
Days Payables Outstanding	12.59	13.93	8.68	11.8	9.79	12.37	9.88	11.66	9.88	11.41
Short-Term Debt	0	0	0	0	0	0	0	0	0	0
Deferred Revenue (Current)	0	0	0	1000K	1000K	84K	0	1000K	149K	0
Other Current Liabilities	30.56M	1.73M	24.39M	22.42M	20.63M	44.6M	40.71M	36.86M	31.34M	25.06M
Current Ratio	2.31x	2.76x	3.17x	3.26x	4.07x	2.87x	4.26x	2.22x	4.29x	4.25x
Quick Ratio	1.86x	2.09x	2.41x	2.82x	3.61x	2.51x	3.69x	1.82x	3.03x	2.99x
Cash Conversion Cycle	70.64	68.98	72.67	53.11	70.24	52.88	54.09	85.49	101.33	100.62
Total Non-Current Liabilities+	6.15M	8.61M	1.49M	99K	2.26M	1.8M	1.57M	4.96M	3.9M	3.64M
Long-Term Debt	0	0	0	0	0	0	0	0	0	0
Capital Lease Obligations	0	0	0	0	2.18M	1.72M	1.48M	3.04M	2.17M	1.75M
Deferred Tax Liabilities	6.05M	8.53M	1.4M	6.57M	6.51M	7.5M	0	6.24M	0	0
Other Non-Current Liabilities	102K	86K	90K	99K	83K	74K	97K	1.92M	1.73M	1.9M
Total Liabilities	88.14M	89.5M	54.17M	71.29M	63.5M	83.56M	78.68M	168.03M	67.1M	64.45M
Total Debt+	0	0	0	0	2.18M	1.72M	1.48M	3.04M	2.17M	1.75M
Net Debt	-69.22M	-87.13M	-63.49M	-38.49M	-33.24M	-18.42M	-19.57M	-62.13M	-13M	-8.28M
Debt / Equity	-	-	-	-	0.01x	0.01x	0.00x	0.01x	0.01x	0.01x
Debt / EBITDA	-	-	-	-	0.03x	0.01x	0.01x	0.02x	0.03x	0.03x
Net Debt / EBITDA	-0.53x	-0.51x	-0.57x	-0.39x	-0.48x	-0.13x	-0.09x	-0.48x	-0.17x	-0.15x
Interest Coverage	606.06x	722.63x	502.30x	203.06x	205.08x	623.81x	1238.63x	404.13x	254.07x	310.33x
Total Equity+	227.74M	265.9M	230.15M	264.24M	285.46M	264.7M	363.66M	316.74M	331.72M	319.58M
Equity Growth %	0.23%	0.17%	-0.13%	0.15%	0.08%	-0.07%	0.37%	-0.13%	0.05%	-0.04%
Book Value per Share	11.77	13.96	12.83	14.94	16.06	14.90	20.48	17.80	18.62	18.51
Total Shareholders' Equity	227.74M	265.9M	230.15M	264.24M	285.46M	264.7M	363.66M	316.74M	331.72M	319.58M
Common Stock	23.78M	24.03M	24.09M	24.12M	24.16M	24.21M	24.31M	24.38M	24.44M	24.47M
Retained Earnings	239.1M	293.4M	321.32M	350.42M	368.2M	342.62M	438.1M	393.1M	418.06M	436.61M
Treasury Stock	-64.73M	-78.75M	-143.59M	-143.59M	-145.59M	-145.59M	-145.59M	-145.81M	-157.62M	-192.03M
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+	112.57M	104.8M	101.19M	119.81M	49.59M	143.81M	172.34M	77.23M	33.9M	55.5M
Operating CF Margin %	0.2%	0.16%	0.19%	0.24%	0.12%	0.25%	0.24%	0.13%	0.06%	0.1%
Operating CF Growth %	1.03%	-0.07%	-0.03%	0.18%	-0.59%	1.9%	0.2%	-0.55%	-0.56%	0.64%
Net Income	62.13M	87.47M	52.14M	50.93M	32.29M	90.4M	155.9M	88.33M	48.22M	30.56M
Depreciation & Amortization	36.23M	35.35M	34.26M	31.97M	29.33M	27.58M	26.15M	25.79M	22.38M	22.06M
Stock-Based Compensation	4.53M	3.05M	3.66M	5.81M	6.33M	6.13M	8.28M	1.67M	3.99M	4.34M
Deferred Taxes	-3.26M	1.84M	1.74M	-4.37M	-2.42M	3.86M	994K	-5.57M	-5.87M	-4.71M
Other Non-Cash Items	-1.58M	581K	389K	-195K	1.1M	-52K	826K	465K	1.3M	413K
Working Capital Changes	14.52M	-23.5M	9M	35.66M	-17.04M	15.89M	-19.81M	-33.45M	-36.12M	2.83M
Change in Receivables	-21.99M	2.28M	9.36M	15.05M	-7.61M	-5.24M	840K	-8.41M	5.58M	-7.28M
Change in Inventory	9.06M	-17.96M	14.46M	8.48M	2.07M	10.62M	-15.73M	-21.64M	-16.13M	413K
Change in Payables	6.81M	5.6M	-16.06M	939K	-3.65M	7.95M	-392K	-640K	-4.03M	3.79M
Cash from Investing+	-28.48M	-34.89M	-33.59M	-124.79M	-35.44M	-43.89M	-107.54M	13.21M	40.86M	-13.79M
Capital Expenditures	-28.7M	-35.22M	-33.6M	-10.54M	-20.3M	-24.23M	-28.78M	-27.73M	-15.8M	-20.82M
CapEx % of Revenue	0.05%	0.05%	0.06%	0.02%	0.05%	0.04%	0.04%	0.05%	0.03%	0.04%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	222K	325K	3K	10K	14K	-28.14M	203K	100K	5K	0
Cash from Financing+	-23.76M	-52.01M	-91.24M	-20.02M	-17.21M	-115.19M	-63.91M	-46.31M	-124.76M	-46.86M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	-20.57M	-32.81M	-23.91M	-19.2M	-14.32M	-113.9M	-59.1M	-42.72M	-110.79M	-11.83M
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	-352K	-5.18M	-2.48M	-816K	-901K	-1.3M	-4.8M	-3.37M	-2.16M	-624K
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	83.86M	69.58M	67.59M	109.27M	29.29M	119.58M	143.56M	49.5M	18.11M	34.68M
FCF Margin %	0.15%	0.1%	0.13%	0.22%	0.07%	0.21%	0.2%	0.08%	0.03%	0.06%
FCF Growth %	7.4%	-0.17%	-0.03%	0.62%	-0.73%	3.08%	0.2%	-0.66%	-0.63%	0.92%
FCF per Share	4.33	3.65	3.77	6.18	1.65	6.73	8.08	2.78	1.02	2.01
FCF Conversion (FCF/Net Income)	1.81x	1.20x	1.94x	2.35x	1.54x	1.59x	1.11x	0.87x	0.70x	1.82x
Interest Paid	0	0	0	0	0	0	0	0	0	0
Taxes Paid	0	0	0	0	0	0	0	0	0	0

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	30.07%	35.44%	21.02%	20.6%	11.75%	32.86%	49.62%	25.96%	14.87%	9.39%
Return on Invested Capital (ROIC)	42.32%	59.78%	33.15%	25.61%	12.36%	35.85%	51.61%	25.92%	13.63%	7.54%
Gross Margin	31.24%	33.05%	29.49%	27.11%	24.25%	33.65%	38.26%	30.22%	24.57%	21.36%
Net Margin	11.27%	13.17%	9.98%	10.28%	7.87%	15.89%	21.33%	14.82%	8.87%	5.71%
Debt / Equity	-	-	-	-	0.01x	0.01x	0.00x	0.01x	0.01x	0.01x
Interest Coverage	606.06x	722.63x	502.30x	203.06x	205.08x	623.81x	1238.63x	404.13x	254.07x	310.33x
FCF Conversion	1.81x	1.20x	1.94x	2.35x	1.54x	1.59x	1.11x	0.87x	0.70x	1.82x
Revenue Growth	1.22%	20.55%	-21.39%	-5.1%	-17.18%	38.58%	28.45%	-18.46%	-8.74%	-1.49%

Revenue by Segment

	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023
Firearms Member	542.27M	544.85M	658.43M	517.7M	490.61M	406.33M	565.86M	728.14M	593.29M	540.75M
Firearms Member Growth	-	0.48%	20.85%	-21.37%	-5.23%	-17.18%	39.26%	28.68%	-18.52%	-8.86%
Unaffiliated Castings Member	2.21M	6.24M	5.89M	4.55M	5.03M	4.18M	3M	2.6M	2.55M	3.02M
Unaffiliated Castings Member Growth	-	182.92%	-5.59%	-22.73%	10.38%	-16.87%	-28.11%	-13.64%	-1.62%	18.33%

Frequently Asked Questions

Valuation & Price

Sturm, Ruger & Company, Inc. (RGR) has a price-to-earnings (P/E) ratio of 21.6x. This is roughly in line with market averages.

Growth & Financials

Sturm, Ruger & Company, Inc. (RGR) reported $540.8M in revenue for fiscal year 2024. This represents a 64% increase from $328.8M in 2011.

Sturm, Ruger & Company, Inc. (RGR) saw revenue decline by 1.5% over the past year.

Yes, Sturm, Ruger & Company, Inc. (RGR) is profitable, generating $2.6M in net income for fiscal year 2024 (5.7% net margin).

Dividend & Returns

Yes, Sturm, Ruger & Company, Inc. (RGR) pays a dividend with a yield of 1.79%. This makes it attractive for income-focused investors.

Sturm, Ruger & Company, Inc. (RGR) has a return on equity (ROE) of 9.4%. This is below average, suggesting room for improvement.

Sturm, Ruger & Company, Inc. (RGR) generated $42.5M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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