Sono-Tek Corporation (SOTK) 10-Year Financial Performance & Capital Metrics

SOTK • • Industrial / General

TechnologyTech Hardware & EquipmentSpecialized Industrial SystemsIndustrial Monitoring & Control

AboutSono-Tek Corporation designs and manufactures ultrasonic coating systems for applying on parts and components for the microelectronics/electronics, alternative energy, medical, industrial, and research and development/other markets worldwide. It also designs and manufactures custom-engineered ultrasonic coating systems; and provides nozzles and generators for manufacturers' equipment. The company's products include integrated multi-axis coating systems, integrated coating systems, fluxing systems, OEM systems, and other related systems. It markets and distributes its products through independent distributors and sales representatives. The company was incorporated in 1975 and is based in Milton, New York.Show more

Revenue $21M +4.1%
EBITDA $2M -3.9%
Net Income $1M -11.7%
EPS (Diluted) 0.08 -11.6%
Gross Margin 47.5% -5.0%
EBITDA Margin 8.34% -7.7%
Operating Margin 4.93% -17.9%
Net Margin 6.21% -15.1%
ROE 7.47% -19.8%
ROIC 5.67% -18.8%
Debt/Equity -
Interest Coverage -

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

No significant strengths identified

✗Weaknesses

✗Low quality earnings: Net income not backed by cash flow

Price & Volume

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Growth Metrics

Revenue CAGR

10Y6.57%

5Y5.96%

3Y6.17%

TTM1.34%

Profit (Net Income) CAGR

10Y7.71%

5Y2.83%

3Y-20.59%

TTM43%

EPS CAGR

10Y7.28%

5Y2.3%

3Y-20.37%

TTM43.2%

ROCE

10Y Avg6.79%

5Y Avg8.9%

3Y Avg6.07%

Latest5.87%

Peer Comparison

Industrial Monitoring & Control

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
SOTKSono-Tek Corporation	66.45M	4.23	52.35	4.08%	7.72%	8.24%	0.08%
ELSEElectro-Sensors, Inc.	15.24M	4.38	33.69	9.56%	4.13%	2.75%	0.51%
ITRIItron, Inc.	4.53B	100.91	19.48	12.29%	10.69%	15.03%	4.59%	0.91
TRMBTrimble Inc.	18.69B	78.57	12.90	-3.04%	9.93%	6.18%	2.66%	0.26
FCUVFocus Universal Inc.	5.72M	0.70	-1.45	-9.63%	-15.19%	-33.66%		0.04
SLNHSoluna Holdings, Inc.	157.72M	1.60	-2	80.49%	-274.18%	-107.41%		0.80

Profit & Loss

	Feb 2016	Feb 2017	Feb 2018	Feb 2019	Feb 2020	Feb 2021	Feb 2022	Feb 2023	Feb 2024	Feb 2025
Sales/Revenue+	11.83M	9.72M	11.01M	11.61M	15.35M	14.83M	17.13M	15.06M	19.7M	20.5M
Revenue Growth %	0.09%	-0.18%	0.13%	0.05%	0.32%	-0.03%	0.16%	-0.12%	0.31%	0.04%
Cost of Goods Sold+	6.2M	5.23M	5.71M	6.36M	8.04M	7.84M	8.52M	7.41M	9.86M	10.77M
COGS % of Revenue	0.52%	0.54%	0.52%	0.55%	0.52%	0.53%	0.5%	0.49%	0.5%	0.53%
Gross Profit+	5.64M	4.49M	5.3M	5.25M	7.31M	7M	8.61M	7.65M	9.84M	9.74M
Gross Margin %	0.48%	0.46%	0.48%	0.45%	0.48%	0.47%	0.5%	0.51%	0.5%	0.47%
Gross Profit Growth %	0.08%	-0.2%	0.18%	-0.01%	0.39%	-0.04%	0.23%	-0.11%	0.29%	-0.01%
Operating Expenses+	4.9M	4.64M	4.91M	5.17M	6.1M	5.66M	6.72M	6.97M	8.66M	8.73M
OpEx % of Revenue	0.41%	0.48%	0.45%	0.44%	0.4%	0.38%	0.39%	0.46%	0.44%	0.43%
Selling, General & Admin	3.63M	3.39M	3.63M	3.84M	4.67M	4.01M	4.99M	4.82M	5.78M	6M
SG&A % of Revenue	0.31%	0.35%	0.33%	0.33%	0.3%	0.27%	0.29%	0.32%	0.29%	0.29%
Research & Development	1.27M	1.25M	1.28M	1.32M	1.43M	1.64M	1.73M	2.15M	2.89M	2.72M
R&D % of Revenue	0.11%	0.13%	0.12%	0.11%	0.09%	0.11%	0.1%	0.14%	0.15%	0.13%
Other Operating Expenses	0	0	0	0	0	0	0	0	0	0
Operating Income+	740.29K	-178.62K	381.62K	82.49K	1.21M	1.34M	1.89M	682.99K	1.18M	1.01M
Operating Margin %	0.06%	-0.02%	0.03%	0.01%	0.08%	0.09%	0.11%	0.05%	0.06%	0.05%
Operating Income Growth %	-0.13%	-1.24%	3.14%	-0.78%	13.7%	0.11%	0.41%	-0.64%	0.73%	-0.15%
EBITDA+	1.22M	261.6K	781.14K	414.63K	1.62M	1.8M	2.32M	1.19M	1.78M	1.71M
EBITDA Margin %	0.1%	0.03%	0.07%	0.04%	0.11%	0.12%	0.14%	0.08%	0.09%	0.08%
EBITDA Growth %	-0.03%	-0.79%	1.99%	-0.47%	2.91%	0.11%	0.29%	-0.49%	0.49%	-0.04%
D&A (Non-Cash Add-back)	476.53K	440.22K	399.53K	332.15K	406.73K	463.08K	435.52K	510.87K	597.17K	700.53K
EBIT	800.9K	128.63K	506.18K	221.41K	1.25M	1.39M	2.9M	789.91K	1.74M	1.53M
Net Interest Income+	-3.69K	18.5K	45.34K	96.7K	68.55K	-17.29K	9.5K	140.04K	529.74K	488.5K
Interest Income	54.76K	70.8K	91.46K	136.68K	101.59K	22.56K	9.5K	140.04K	529.74K	488.5K
Interest Expense	58.45K	52.29K	46.12K	39.98K	33.04K	39.84K	0	0	0	0
Other Income/Expense	2.16K	254.95K	78.45K	98.95K	955	7.41K	1.01M	106.92K	562.1K	524.05K
Pretax Income+	742.45K	76.33K	460.06K	181.43K	1.21M	1.35M	2.9M	789.91K	1.74M	1.53M
Pretax Margin %	0.06%	0.01%	0.04%	0.02%	0.08%	0.09%	0.17%	0.05%	0.09%	0.07%
Income Tax+	194.72K	-19.37K	91.86K	19.85K	106K	227.22K	361.63K	154.01K	303.12K	260.68K
Effective Tax Rate %	0.74%	1.25%	0.8%	0.89%	0.91%	0.83%	0.88%	0.81%	0.83%	0.83%
Net Income+	547.73K	95.71K	368.21K	161.59K	1.11M	1.12M	2.54M	635.9K	1.44M	1.27M
Net Margin %	0.05%	0.01%	0.03%	0.01%	0.07%	0.08%	0.15%	0.04%	0.07%	0.06%
Net Income Growth %	-0.1%	-0.83%	2.85%	-0.56%	5.85%	0.01%	1.27%	-0.75%	1.27%	-0.12%
Net Income (Continuing)	547.73K	95.71K	368.21K	161.59K	1.11M	1.12M	2.54M	635.9K	1.44M	1.27M
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)+	0.04	0.01	0.02	0.01	0.07	0.07	0.16	0.04	0.09	0.08
EPS Growth %	0%	-0.75%	1.44%	-0.57%	5.8%	-0.01%	1.24%	-0.75%	1.27%	-0.12%
EPS (Basic)	0.04	0.01	0.02	0.01	0.07	0.07	0.16	0.04	0.09	0.08
Diluted Shares Outstanding	15.03M	15.02M	15.1M	15.22M	15.36M	15.67M	15.62M	15.77M	15.77M	15.77M
Basic Shares Outstanding	14.94M	14.96M	14.97M	15.11M	15.3M	15.43M	15.59M	15.74M	15.74M	15.75M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Feb 2016	Feb 2017	Feb 2018	Feb 2019	Feb 2020	Feb 2021	Feb 2022	Feb 2023	Feb 2024	Feb 2025
Total Current Assets+	7.51M	7.83M	8.69M	8.96M	11.34M	13.17M	14.5M	16.58M	18.75M	18.99M
Cash & Short-Term Investments	4.08M	4.9M	6.42M	5.51M	7.88M	8.65M	10.71M	11.44M	11.85M	11.93M
Cash Only	2.39M	2.56M	2.02M	3.14M	3.66M	4.08M	4.84M	3.35M	2.13M	5.2M
Short-Term Investments	1.7M	2.34M	4.41M	2.37M	4.22M	4.56M	5.87M	8.09M	9.71M	6.73M
Accounts Receivable	1.21M	1.15M	774.78K	1.4M	929.7K	1.76M	1.09M	1.63M	1.47M	2.35M
Days Sales Outstanding	37.47	43.19	25.69	43.95	22.1	43.26	23.27	39.6	27.25	41.79
Inventory	1.95M	1.34M	1.35M	1.66M	2.38M	2.61M	2.37M	3.24M	5.22M	4.47M
Days Inventory Outstanding	114.6	93.56	86.53	95.13	108.11	121.63	101.67	159.82	193.4	151.7
Other Current Assets	154.91K	442.45K	139.41K	395K	153.7K	151.32K	323.3K	254.05K	207.74K	236.26K
Total Non-Current Assets+	3.16M	2.9M	3.09M	3.24M	3.4M	3.26M	3.13M	3.6M	4.39M	4.42M
Property, Plant & Equipment	2.99M	2.75M	2.56M	2.78M	3.12M	2.9M	2.81M	2.87M	3.08M	2.86M
Fixed Asset Turnover	3.96x	3.54x	4.31x	4.17x	4.93x	5.11x	6.09x	5.24x	6.39x	7.17x
Goodwill	0	0	0	0	0	0	0	0	0	0
Intangible Assets	174.03K	153.33K	136.58K	122.94K	106.29K	95.46K	76.02K	57.2K	47.57K	37.39K
Long-Term Investments	0	0	0	0	0	0	0	0	0	0
Other Non-Current Assets	0	0	0	0	0	0	0	0	0	0
Total Assets+	10.67M	10.74M	11.78M	12.2M	14.74M	16.42M	17.63M	20.17M	23.13M	23.41M
Asset Turnover	1.11x	0.91x	0.93x	0.95x	1.04x	0.90x	0.97x	0.75x	0.85x	0.88x
Asset Growth %	0.01%	0.01%	0.1%	0.04%	0.21%	0.11%	0.07%	0.14%	0.15%	0.01%
Total Current Liabilities+	1.65M	1.45M	2.13M	2.54M	4.17M	4.27M	3.72M	5.46M	6.62M	5.49M
Accounts Payable	475.3K	336.56K	652.86K	585.69K	668.72K	1.29M	684.51K	810.86K	1.05M	859.48K
Days Payables Outstanding	28	23.49	41.72	33.61	30.35	60.3	29.32	39.96	38.88	29.14
Short-Term Debt	143.39K	149.7K	156.12K	162.82K	169.72K	0	0	0	0	0
Deferred Revenue (Current)	201.48K	78.9K	344.1K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Liabilities	305.19K	303.71K	362.4K	284.59K	585.88K	568.21K	449.67K	352.62K	732.3K	565.35K
Current Ratio	4.54x	5.41x	4.08x	3.53x	2.72x	3.09x	3.90x	3.04x	2.83x	3.46x
Quick Ratio	3.36x	4.48x	3.44x	2.88x	2.15x	2.47x	3.26x	2.44x	2.04x	2.65x
Cash Conversion Cycle	124.07	113.26	70.5	105.48	99.86	104.58	95.62	159.46	181.77	164.36
Total Non-Current Liabilities+	1.35M	1.36M	1.26M	1.08M	789.76K	1.21M	168.84K	82.86K	229.53K	132.13K
Long-Term Debt	1.18M	1.03M	870.53K	707.72K	538K	1M	0	0	0	0
Capital Lease Obligations	0	0	0	0	0	0	0	0	0	0
Deferred Tax Liabilities	171.72K	337.73K	385.38K	370.76K	251.76K	205.56K	168.84K	82.86K	229.53K	132.13K
Other Non-Current Liabilities	0	0	0	0	0	0	0	0	0	0
Total Liabilities	3M	2.81M	3.39M	3.62M	4.96M	5.47M	3.88M	5.54M	6.85M	5.62M
Total Debt+	1.32M	1.18M	1.03M	870.53K	707.72K	1M	0	0	0	0
Net Debt	-1.07M	-1.38M	-989.81K	-2.27M	-2.95M	-3.08M	-4.84M	-3.35M	-2.13M	-5.2M
Debt / Equity	0.17x	0.15x	0.12x	0.10x	0.07x	0.09x	-	-	-	-
Debt / EBITDA	1.08x	4.50x	1.31x	2.10x	0.44x	0.56x	-	-	-	-
Net Debt / EBITDA	-0.88x	-5.28x	-1.27x	-5.48x	-1.82x	-1.71x	-2.08x	-2.81x	-1.20x	-3.04x
Interest Coverage	12.67x	-3.42x	8.27x	2.06x	36.70x	33.64x	-	-	-	-
Total Equity+	7.67M	7.92M	8.39M	8.58M	9.78M	10.95M	13.74M	14.63M	16.28M	17.79M
Equity Growth %	0.07%	0.03%	0.06%	0.02%	0.14%	0.12%	0.25%	0.06%	0.11%	0.09%
Book Value per Share	0.51	0.53	0.56	0.56	0.64	0.70	0.88	0.93	1.03	1.13
Total Shareholders' Equity	7.67M	7.92M	8.39M	8.58M	9.78M	10.95M	13.74M	14.63M	16.28M	17.79M
Common Stock	149.55K	149.61K	149.86K	151.98K	153.48K	154.53K	157.29K	157.42K	157.51K	157.51K
Retained Earnings	-1.22M	-1.13M	-760.12K	-496.92K	610.52K	1.73M	4.27M	4.91M	6.35M	7.62M
Treasury Stock	0	0	0	0	0	0	0	0	0	-7.87K
Accumulated OCI	-70.14K	42.25K	101.61K	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Feb 2016	Feb 2017	Feb 2018	Feb 2019	Feb 2020	Feb 2021	Feb 2022	Feb 2023	Feb 2024	Feb 2025
Cash from Operations+	628.82K	1.03M	1.8M	-108.98K	3.25M	725.19K	2.32M	1.33M	1.16M	525.02K
Operating CF Margin %	0.05%	0.11%	0.16%	-0.01%	0.21%	0.05%	0.14%	0.09%	0.06%	0.03%
Operating CF Growth %	-0.32%	0.64%	0.75%	-1.06%	30.86%	-0.78%	2.2%	-0.43%	-0.12%	-0.55%
Net Income	547.73K	95.71K	368.21K	161.59K	1.11M	1.12M	2.54M	635.9K	1.44M	1.27M
Depreciation & Amortization	476.53K	440.22K	399.53K	332.15K	406.73K	463.08K	435.52K	510.87K	597.17K	700.53K
Stock-Based Compensation	43.4K	47.32K	41.73K	30.55K	90.31K	47.63K	179.28K	256.74K	203.58K	247.65K
Deferred Taxes	106.83K	5.75K	-33.56K	49.74K	36.71K	-129.72K	-17.62K	-512.34K	-442.21K	-366.61K
Other Non-Cash Items	-116.97K	80.01K	104.6K	166.18K	-52.1K	91K	-961.99K	-5.92K	15.52K	45.84K
Working Capital Changes	-428.69K	359.65K	921.83K	-849.19K	1.66M	-867.44K	141.4K	439.78K	-651.64K	-1.38M
Change in Receivables	-188.42K	63.91K	376.02K	-623.11K	443.19K	-828.1K	665.3K	-497.46K	163.16K	-877.05K
Change in Inventory	233.72K	524.69K	-118K	-369.93K	-646.78K	-305.79K	194.48K	-874.53K	-2.03M	666.19K
Change in Payables	-55.57K	-16.02K	340.74K	-327.65K	1.06M	763.27K	-553.13K	126.35K	238.88K	-190.26K
Cash from Investing+	-647.95K	-716.4K	-2.19M	1.39M	-2.58M	-594.58K	-1.63M	-2.81M	-2.38M	2.55M
Capital Expenditures	-483.13K	-182.84K	-189.25K	-547.25K	-722.24K	-350.35K	-326.94K	-555.87K	-794.69K	-468.8K
CapEx % of Revenue	0.04%	0.02%	0.02%	0.05%	0.05%	0.02%	0.02%	0.04%	0.04%	0.02%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	-182.53K	-533.56K	-2M	-1.94M	0	100K	1.3T	0	0	0
Cash from Financing+	-155.3K	-143.39K	-149.49K	-156.12K	-162.81K	293.92K	68.78K	0	0	-7.87K
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	2.88K	0	210	0	0	0	0	0	0	0
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	145.7K	845.82K	1.61M	-656.23K	2.53M	374.83K	1.99M	769.17K	369.18K	56.22K
FCF Margin %	0.01%	0.09%	0.15%	-0.06%	0.16%	0.03%	0.12%	0.05%	0.02%	0%
FCF Growth %	-0.73%	4.81%	0.91%	-1.41%	4.86%	-0.85%	4.31%	-0.61%	-0.52%	-0.85%
FCF per Share	0.01	0.06	0.11	-0.04	0.16	0.02	0.13	0.05	0.02	0.00
FCF Conversion (FCF/Net Income)	1.15x	10.75x	4.89x	-0.67x	2.94x	0.65x	0.91x	2.08x	0.81x	0.41x
Interest Paid	58.45K	52.29K	46.12K	39.98K	33.04K	39.84K	0	0	0	0
Taxes Paid	230.29K	56.5K	59.49K	28.18K	4.95K	374K	373.93K	363.59K	712.09K	547.64K

Key Ratios

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Return on Equity (ROE)	7.4%	1.23%	4.51%	1.9%	12.06%	10.81%	20.59%	4.48%	9.33%	7.47%
Return on Invested Capital (ROIC)	8.77%	-2.04%	4.1%	0.9%	13.84%	13.68%	16.9%	5.08%	6.98%	5.67%
Gross Margin	47.64%	46.21%	48.11%	45.21%	47.63%	47.17%	50.27%	50.82%	49.97%	47.5%
Net Margin	4.63%	0.98%	3.34%	1.39%	7.21%	7.56%	14.84%	4.22%	7.32%	6.21%
Debt / Equity	0.17x	0.15x	0.12x	0.10x	0.07x	0.09x	-	-	-	-
Interest Coverage	12.67x	-3.42x	8.27x	2.06x	36.70x	33.64x	-	-	-	-
FCF Conversion	1.15x	10.75x	4.89x	-0.67x	2.94x	0.65x	0.91x	2.08x	0.81x	0.41x
Revenue Growth	9.07%	-17.82%	13.2%	5.46%	32.26%	-3.4%	15.5%	-12.11%	30.82%	4.08%

Frequently Asked Questions

Valuation & Price

Sono-Tek Corporation (SOTK) has a price-to-earnings (P/E) ratio of 52.4x. This suggests investors expect higher future growth.

Growth & Financials

Sono-Tek Corporation (SOTK) reported $20.4M in revenue for fiscal year 2025. This represents a 69% increase from $12.1M in 2012.

Sono-Tek Corporation (SOTK) grew revenue by 4.1% over the past year. Growth has been modest.

Yes, Sono-Tek Corporation (SOTK) is profitable, generating $1.6M in net income for fiscal year 2025 (6.2% net margin).

Dividend & Returns

Sono-Tek Corporation (SOTK) has a return on equity (ROE) of 7.5%. This is below average, suggesting room for improvement.

Sono-Tek Corporation (SOTK) had negative free cash flow of $0.8M in fiscal year 2025, likely due to heavy capital investments.

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