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Spok Holdings, Inc. (SPOK) 10-Year Financial Performance & Capital Metrics

SPOK • • Industrial / General
HealthcareHealthcare ITClinical Software & EHR SystemsProvider Management Solutions
AboutSpok Holdings, Inc., through its subsidiary, Spok, Inc., provides healthcare communication solutions in the United States, Europe, Canada, Australia, Asia, and the Middle East. It delivers clinical information to care teams when and where it matters to enhance patient outcomes. The company offers subscriptions to one-way or two-way messaging services; and ancillary services, such as voicemail, and equipment loss or maintenance protection services, as well as sells devices to resellers who lease or resell them to their subscribers. Its Spok Care Connect platform enhance workflows for clinicians and support administrative compliance. In addition, the company provides professional, software license updates, and product support services, as well as sells third-party equipment. It serves businesses, professionals, management personnel, medical personnel, field sales personnel and service forces, members of the construction industry and construction trades, real estate brokers and developers, sales and services organizations, specialty trade organizations, manufacturing organizations, and government agencies. The company was formerly known as USA Mobility, Inc. and changed its name to Spok Holdings, Inc. in July 2014. The company was founded in 1986 and is headquartered in Alexandria, Virginia.Show more
  • Revenue $138M -1.0%
  • EBITDA $23M -12.1%
  • Net Income $15M -4.5%
  • EPS (Diluted) 0.73 -5.2%
  • Gross Margin 79.35% +34.7%
  • EBITDA Margin 16.79% -11.2%
  • Operating Margin 13.78% -12.1%
  • Net Margin 10.87% -3.5%
  • ROE 9.4% +0.7%
  • ROIC 10.26% -7.5%
  • Debt/Equity 0.06 -16.2%
  • Interest Coverage -
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Company is almost debt free
  • ✓Strong Piotroski F-Score: 7/9
  • ✓FCF machine: 18.7% free cash flow margin
  • ✓High quality earnings: Operating CF exceeds net income

✗Weaknesses

  • ✗Weak momentum: RS Rating 18 (bottom 18%)
  • ✗Dividend payout exceeds 100% of earnings
  • ✗Trading more than 30% below 52-week high

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-3.68%
5Y-3%
3Y-1.07%
TTM1.47%

Profit (Net Income) CAGR

10Y-3.21%
5Y-
3Y-
TTM13%

EPS CAGR

10Y-2.5%
5Y-
3Y-
TTM9.59%

ROCE

10Y Avg3.73%
5Y Avg4.34%
3Y Avg8.87%
Latest10.9%

Peer Comparison

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Sector-Specific
NameMarket CapCurrent PriceP/E RatioRevenue Growth 1YNet MarginROEFCF YieldDebt/Equity
PRVAPrivia Health Group, Inc.2.93B23.86216.914.74%0.89%2.38%3.55%0.01
PGNYProgyny, Inc.2.1B24.3142.657.22%4.46%10.1%8.29%0.05
DOCSDoximity, Inc.5.64B41.0536.9819.98%40.72%23.1%4.73%0.01
HSTMHealthStream, Inc.653.89M22.0433.394.51%6.93%5.93%4.51%0.06
SPOKSpok Holdings, Inc.272.51M13.2318.12-0.99%11.88%11.16%9.44%0.06
BTSGBrightSpring Health Services, Inc. Common Stock7.14B39.60-423.0827.65%1.04%7.12%1.76

Profit & Loss

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Sales/Revenue+189.63M179.56M171.18M169.47M160.29M148.18M142.15M134.53M139.03M137.65M
Revenue Growth %-0.05%-0.05%-0.05%-0.01%-0.05%-0.08%-0.04%-0.05%0.03%-0.01%
Cost of Goods Sold+81.94M76.35M71.54M74.53M39.32M37.6M72.27M59.25M57.16M28.43M
COGS % of Revenue0.43%0.43%0.42%0.44%0.25%0.25%0.51%0.44%0.41%0.21%
Gross Profit+107.69M103.22M99.63M94.94M120.97M110.58M69.89M75.28M81.87M109.22M
Gross Margin %0.57%0.57%0.58%0.56%0.75%0.75%0.49%0.56%0.59%0.79%
Gross Profit Growth %0.02%-0.04%-0.03%-0.05%0.27%-0.09%-0.37%0.08%0.09%0.33%
Operating Expenses+79.89M79.62M88.92M98.11M127.93M108.24M81.94M67.72M60.07M90.26M
OpEx % of Revenue0.42%0.44%0.52%0.58%0.8%0.73%0.58%0.5%0.43%0.66%
Selling, General & Admin69.61M66.15M70.22M73.65M100.39M92.41M64.02M54.09M49.52M49.15M
SG&A % of Revenue0.37%0.37%0.41%0.43%0.63%0.62%0.45%0.4%0.36%0.36%
Research & Development10.28M13.47M18.7M24.46M27.54M15.83M17.92M13.63M10.55M11.55M
R&D % of Revenue0.05%0.07%0.11%0.14%0.17%0.11%0.13%0.1%0.08%0.08%
Other Operating Expenses00000000029.56M
Operating Income+27.8M23.6M10.71M-3.17M-6.96M2.34M-12.05M7.57M21.8M18.96M
Operating Margin %0.15%0.13%0.06%-0.02%-0.04%0.02%-0.08%0.06%0.16%0.14%
Operating Income Growth %-0.06%-0.15%-0.55%-1.3%-1.19%1.34%-6.15%1.63%1.88%-0.13%
EBITDA+41.77M36.56M22.33M7.6M2.29M11.4M-1.61M11.14M26.3M23.11M
EBITDA Margin %0.22%0.2%0.13%0.04%0.01%0.08%-0.01%0.08%0.19%0.17%
EBITDA Growth %-0.1%-0.12%-0.39%-0.66%-0.7%3.98%-1.14%7.92%1.36%-0.12%
D&A (Non-Cash Add-back)13.97M12.96M11.62M10.77M9.25M9.06M10.45M3.57M4.5M4.15M
EBIT26.3M22.97M11.56M-2.19M-13.42M-21.77M-27.33M997K22.32M20.07M
Net Interest Income+16K275K719K1.64M1.65M687K320K592K1.1M1.15M
Interest Income0275K719K1.64M1.65M687K320K592K1.1M1.15M
Interest Expense16K000000000
Other Income/Expense-1.5M-628K853K988K-6.46M-24.11M-15.28M-6.57M524K1.07M
Pretax Income+26.3M22.97M11.56M-2.19M-13.42M-21.77M-27.33M997K22.32M20.03M
Pretax Margin %0.14%0.13%0.07%-0.01%-0.08%-0.15%-0.19%0.01%0.16%0.15%
Income Tax+-57.94M8.99M26.86M-706K-2.66M22.45M-5.15M-20.86M6.66M5.07M
Effective Tax Rate %3.2%0.61%-1.32%0.68%0.8%2.03%0.81%21.92%0.7%0.75%
Net Income+84.23M13.98M-15.31M-1.48M-10.77M-44.23M-22.18M21.86M15.67M14.96M
Net Margin %0.44%0.08%-0.09%-0.01%-0.07%-0.3%-0.16%0.16%0.11%0.11%
Net Income Growth %3.06%-0.83%-2.09%0.9%-6.28%-3.11%0.5%1.99%-0.28%-0.04%
Net Income (Continuing)80.25M13.98M-15.31M-1.48M-10.77M-44.23M-22.18M21.86M15.67M14.96M
Discontinued Operations0000000000
Minority Interest0000000000
EPS (Diluted)+3.980.68-0.76-0.08-0.56-2.32-1.141.090.770.73
EPS Growth %3.23%-0.83%-2.12%0.9%-6.45%-3.14%0.51%1.96%-0.29%-0.05%
EPS (Basic)3.990.68-0.76-0.08-0.56-2.32-1.141.110.790.74
Diluted Shares Outstanding21.19M20.59M20.21M19.67M19.09M19.03M19.4M19.99M20.34M20.57M
Basic Shares Outstanding21.12M20.59M20.21M19.67M19.09M19.03M19.4M19.67M19.95M20.24M
Dividend Payout Ratio0.17%0.74%-----1.14%1.64%1.76%

Balance Sheet

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Total Current Assets+141.61M155.86M146.86M130.98M117.67M118.89M94.05M70.05M63.89M61.3M
Cash & Short-Term Investments111.33M125.82M107.16M87.31M77.26M78.72M59.58M35.75M31.99M29.14M
Cash Only111.33M125.82M107.16M83.34M47.36M48.73M44.58M35.75M31.99M29.14M
Short-Term Investments0003.96M29.9M30M15M000
Accounts Receivable22.64M23.67M29.72M32.39M30.17M29.93M26.91M26.86M23.31M21.95M
Days Sales Outstanding43.5748.1163.3869.7568.7173.7369.0972.8861.2158.2
Inventory2.29M2M1.67M1.71M1M8.96M6.64M6.85M00
Days Inventory Outstanding10.219.548.538.369.3286.9633.5442.19--
Other Current Assets04.38M5.75M9.58M1.71M1.27M922K587K704K840K
Total Non-Current Assets+248.81M232.22M203.7M196.73M204.94M158.41M154.1M174.43M163.79M155.81M
Property, Plant & Equipment15.39M12.82M13.4M10.35M24.32M21.83M22.57M22.1M17.85M14.2M
Fixed Asset Turnover12.32x14.01x12.78x16.37x6.59x6.79x6.30x6.09x7.79x9.69x
Goodwill133.03M133.03M133.03M133.03M124.18M99.17M99.17M99.17M99.17M99.17M
Intangible Assets14.96M10.8M7.92M5.42M2.92M10.6M0000
Long-Term Investments0000000000
Other Non-Current Assets1.45M2.5M1.68M1.45M1.81M978K706K754K510K744K
Total Assets+390.42M388.09M350.56M327.71M322.61M277.29M248.15M244.48M227.68M217.1M
Asset Turnover0.49x0.46x0.49x0.52x0.50x0.53x0.57x0.55x0.61x0.63x
Asset Growth %0.16%-0.01%-0.1%-0.07%-0.02%-0.14%-0.11%-0.01%-0.07%-0.05%
Total Current Liabilities+47.16M56.33M50.89M44.95M51.18M57.44M55M53.45M48.01M48.77M
Accounts Payable2.12M1.91M1.3M2.01M3.62M6.68M5.29M5.88M5.97M5.63M
Days Payables Outstanding9.459.136.669.8433.5664.926.7336.2238.1272.28
Short-Term Debt00005.44M00000
Deferred Revenue (Current)1000K1000K1000K1000K1000K1000K1000K1000K1000K1000K
Other Current Liabilities11.28M13.27M31.4M3.48M2.98M3.7M4.75M4.57M11.56M11.87M
Current Ratio3.00x2.77x2.89x2.91x2.30x2.07x1.71x1.31x1.33x1.26x
Quick Ratio2.95x2.73x2.85x2.88x2.28x1.91x1.59x1.18x1.33x1.26x
Cash Conversion Cycle44.3348.5265.2568.2744.4795.875.978.85--
Total Non-Current Liabilities+9.71M9.67M9.14M8.21M21.33M19.24M19.46M18.95M15.9M13.58M
Long-Term Debt0000000000
Capital Lease Obligations500K00011.57M9.46M11.88M10.6M6.9M5.87M
Deferred Tax Liabilities-500K682K3.34M2.83M2.74M02.16M5.96M00
Other Non-Current Liabilities8.47M8.92M8.07M7.73M7.02M9.78M7.58M8.34M9M7.71M
Total Liabilities56.87M66M60.03M53.16M72.52M76.68M74.46M72.4M63.91M62.36M
Total Debt+546K00017.01M14.72M17.29M15.7M11.09M8.77M
Net Debt-110.79M-125.82M-107.16M-83.34M-30.35M-34.01M-27.3M-20.05M-20.9M-20.37M
Debt / Equity0.00x---0.07x0.07x0.10x0.09x0.07x0.06x
Debt / EBITDA0.01x---7.43x1.29x-1.41x0.42x0.38x
Net Debt / EBITDA-2.65x-3.44x-4.80x-10.97x-13.26x-2.98x--1.80x-0.79x-0.88x
Interest Coverage1737.56x---------
Total Equity+333.55M322.09M290.53M274.55M250.09M200.61M173.69M172.08M163.77M154.75M
Equity Growth %0.2%-0.03%-0.1%-0.05%-0.09%-0.2%-0.13%-0.01%-0.05%-0.06%
Book Value per Share15.7415.6514.3813.9613.1010.548.958.618.057.52
Total Shareholders' Equity333.55M322.09M290.53M274.55M250.09M200.61M173.69M172.08M163.77M154.75M
Common Stock2K2K2K2K2K2K2K2K2K2K
Retained Earnings223.12M217.28M191.8M185.29M164.82M110.28M77.99M74.08M62.6M50.79M
Treasury Stock0000000000
Accumulated OCI-108.92M-110.31M-1M-1.3M-1.6M-1.45M-1.59M-1.91M-1.76M-1.78M
Minority Interest0000000000

Cash Flow

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Cash from Operations+38.01M37.46M15.56M10.31M11.69M26.16M7.97M6.46M26.18M28.92M
Operating CF Margin %0.2%0.21%0.09%0.06%0.07%0.18%0.06%0.05%0.19%0.21%
Operating CF Growth %-0.09%-0.01%-0.58%-0.34%0.13%1.24%-0.7%-0.19%3.06%0.1%
Net Income84.23M13.98M-15.31M-1.48M-10.77M-44.23M-22.18M21.86M15.67M14.96M
Depreciation & Amortization13.97M12.96M11.62M10.77M9.25M9.06M10.45M3.57M4.5M4.15M
Stock-Based Compensation1.87M854K3.69M4.95M3.64M5.51M7.24M3.83M4.06M4.96M
Deferred Taxes-59.69M6.66M25.39M-1.9M-3.25M438K-5.48M903K6.38M4.57M
Other Non-Cash Items497K763K222K2.13M9.54M48.33M16.82M-20.07M950K846K
Working Capital Changes-2.87M2.25M-10.06M-4.16M3.28M7.06M1.12M-3.63M-5.37M-566K
Change in Receivables1.04M-1.79M-9.65M-915K964K-1.59M1.83M-1.76M2.58M506K
Change in Inventory658K843K274K-646K003.36M000
Change in Payables-7.38M1.08M-3.27M-1.55M742K4.03M-679K-2.26M-5.22M-1.18M
Cash from Investing+-5.57M-6.25M-9.21M-5.83M-30.22M-14.57M-225K11.26M-3.42M-3.21M
Capital Expenditures-6.37M-6.25M-9.21M-5.92M-4.84M-3.46M-15.23M-3.78M-3.42M-3.21M
CapEx % of Revenue0.03%0.03%0.05%0.03%0.03%0.02%0.11%0.03%0.02%0.02%
Acquisitions----------
Investments----------
Other Investing809K-1.98M43K89K0-11.25M-10.84M15.03M00
Cash from Financing+-28.98M-16.72M-25M-24.28M-17.15M-10.37M-11.75M-26.22M-26.68M-28.54M
Debt Issued (Net)----------
Equity Issued (Net)----------
Dividends Paid-13.98M-10.29M-15.23M-10.06M-9.82M-9.77M-10.03M-25.01M-25.64M-26.38M
Share Repurchases----------
Other Financing-3.83M53K256K247K258K0132K0210K272K
Net Change in Cash----------
Free Cash Flow+31.64M31.21M6.34M4.4M6.86M11.46M-7.27M2.68M22.77M25.71M
FCF Margin %0.17%0.17%0.04%0.03%0.04%0.08%-0.05%0.02%0.16%0.19%
FCF Growth %-0.07%-0.01%-0.8%-0.31%0.56%0.67%-1.63%1.37%7.5%0.13%
FCF per Share1.491.520.310.220.360.60-0.370.131.121.25
FCF Conversion (FCF/Net Income)0.45x2.68x-1.02x-6.97x-1.09x-0.59x-0.36x0.30x1.67x1.93x
Interest Paid3K000000000
Taxes Paid1.52M695K2.62M1.06M901K1K126K000

Key Ratios

Metric2015201620172018201920202021202220232024
Return on Equity (ROE)27.5%4.26%-5%-0.52%-4.1%-19.62%-11.85%12.64%9.33%9.4%
Return on Invested Capital (ROIC)10.57%8.45%4.23%-1.27%-2.54%0.91%-5.78%3.8%11.09%10.26%
Gross Margin56.79%57.48%58.2%56.02%75.47%74.63%49.16%55.96%58.89%79.35%
Net Margin44.42%7.79%-8.94%-0.87%-6.72%-29.85%-15.6%16.25%11.27%10.87%
Debt / Equity0.00x---0.07x0.07x0.10x0.09x0.07x0.06x
Interest Coverage1737.56x---------
FCF Conversion0.45x2.68x-1.02x-6.97x-1.09x-0.59x-0.36x0.30x1.67x1.93x
Revenue Growth-5.32%-5.31%-4.67%-0.99%-5.42%-7.55%-4.07%-5.36%3.34%-0.99%

Revenue by Segment

2013201620172018201920202021202220232024
Wireless Operations149.45M--94.28M88.17M83.59M78.83M75.62M75.97M73.52M
Wireless Operations Growth-----6.48%-5.19%-5.70%-4.06%0.46%-3.22%
Paging----85.07M79.92M75.84M73.32M73.14M70.96M
Paging Growth------6.06%-5.09%-3.33%-0.26%-2.98%
Software Product And Service----72.12M64.59M63.33M58.91M63.06M64.13M
Software Product And Service Growth------10.45%-1.95%-6.97%7.04%1.70%
Maintenance---39.07M40.37M38.59M37.98M36.93M36.97M37.23M
Maintenance Growth----3.32%-4.39%-1.58%-2.76%0.09%0.70%
Software Operations60.3M---31.76M26M25.34M21.98M26.09M26.91M
Software Operations Growth------18.14%-2.50%-13.28%18.71%3.12%
License---13.04M8.95M5.18M5.49M7.2M8.72M7.65M
License Growth-----31.38%-42.13%6.08%31.09%21.09%-12.30%
Product and Service, Other----3.1M3.68M2.98M2.3M2.83M2.56M
Product and Service, Other Growth-----18.61%-18.93%-22.88%23.23%-9.46%
Hardware---5M3.62M-2.27M2.21M2.67M1.38M
Hardware Growth-----27.57%---2.47%20.99%-48.34%
Professional Services---18.09M19.19M17.91M17.16M12.56M14.69M-
Professional Services Growth----6.07%-6.67%-4.18%-26.78%16.94%-
Software Subscription-----66K423K---
Software Subscription Growth------540.91%---
Software Equipment-----2.84M----
Software Equipment Growth----------
Wireless Product and Services---94.28M------
Wireless Product and Services Growth----------

Revenue by Geography

2013201620172018201920202021202220232024
UNITED STATES-173.85M166.79M164.56M154.77M145.35M138.26M130.38M135.8M135M
UNITED STATES Growth---4.06%-1.34%-5.95%-6.08%-4.87%-5.70%4.16%-0.59%
Non-US---4.92M5.52M2.83M3.89M4.15M3.22M2.65M
Non-US Growth----12.35%-48.74%37.34%6.84%-22.46%-17.57%
International-5.71M4.38M-------
International Growth---23.19%-------

Frequently Asked Questions

Valuation & Price

Spok Holdings, Inc. (SPOK) has a price-to-earnings (P/E) ratio of 18.1x. This is roughly in line with market averages.

Growth & Financials

Spok Holdings, Inc. (SPOK) reported $139.7M in revenue for fiscal year 2024. This represents a 42% decrease from $242.9M in 2011.

Spok Holdings, Inc. (SPOK) saw revenue decline by 1.0% over the past year.

Yes, Spok Holdings, Inc. (SPOK) is profitable, generating $16.6M in net income for fiscal year 2024 (10.9% net margin).

Dividend & Returns

Yes, Spok Holdings, Inc. (SPOK) pays a dividend with a yield of 9.70%. This makes it attractive for income-focused investors.

Spok Holdings, Inc. (SPOK) has a return on equity (ROE) of 9.4%. This is below average, suggesting room for improvement.

Spok Holdings, Inc. (SPOK) generated $22.6M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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