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Ascent Industries Co. (ACNT) 10-Year Financial Performance & Capital Metrics

ACNT • • Industrial / General
Basic MaterialsSteelSteel Tubular ProductsSpecialty Tubular Products
AboutAscent Industries Co. an industrials company, focuses on the production and distribution of industrial tubular products and specialty chemicals in the United States and internationally. It manufactures welded pipes and tubes, primarily from stainless steel, duplex, and nickel alloys; and galvanized carbon tubes, as well as related stainless pipe products. The company also manufactures ornamental stainless-steel tubes for supply to the automotive, commercial transportation, marine, food services, construction, furniture, healthcare, and other industries; provides fiberglass and steel storage tanks for the oil and gas, waste water treatment, and municipal water industries; and distributes hot finish, seamless, carbon steel pipes, and tubes for use in mechanical and high-pressure applications in the oil and gas, heavy industrial, construction equipment, and chemical and other industries. In addition, it produces defoamers, surfactants, and lubricating agents for end users, including companies that supply agrochemical paper, metal working, coatings, water treatment, paint, mining, oil and gas, and janitorial and other applications. Further, the company provides contract manufacturing services, as well as operates as a multi-purpose plant to process various difficult to handle materials, including flammable solvents, viscous liquids, and granular solids. The company was formerly known as Synalloy Corporation and changed its name to Ascent Industries Co. in August 2022. Ascent Industries Co. was founded in 1945 and is headquartered in Oak Brook, Illinois.Show more
  • Revenue $178M -7.9%
  • EBITDA $2M +107.8%
  • Net Income -$14M +48.9%
  • EPS (Diluted) -1.34 -151.0%
  • Gross Margin 12.43% +1473.9%
  • EBITDA Margin 1.31% +108.5%
  • Operating Margin -2.86% +85.2%
  • Net Margin -7.64% +44.5%
  • ROE -13.53% +38.6%
  • ROIC -3.07% +79.6%
  • Debt/Equity 0.36 +16.4%
  • Interest Coverage -12.19 -38.0%
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Strong Piotroski F-Score: 7/9
  • ✓Trading near 52-week high
  • ✓Efficient asset utilization: 1.2x turnover

✗Weaknesses

  • ✗Sales declining 10.2% over 5 years

* 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-1.14%
5Y-10.23%
3Y-19%
TTM-22.31%

Profit (Net Income) CAGR

10Y-
5Y-
3Y-
TTM161.34%

EPS CAGR

10Y-
5Y-
3Y-
TTM104.52%

ROCE

10Y Avg-2.19%
5Y Avg-3.86%
3Y Avg-5.81%
Latest-3.87%

Peer Comparison

Specialty Tubular Products
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Size & Scale
Valuation
Per Share
Growth
Profitability
Quality & Returns
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TTM Growth
Famous Investor Metrics
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Latest Quarter
Momentum & Returns
Total Return (DRIP)
Technical
Volume & Trading
Shares & Dilution
Sector-Specific
NameMarket CapCurrent PriceP/E RatioRevenue Growth 1YNet MarginROEFCF YieldDebt/Equity
ZKINZK International Group Co., Ltd.25.32M1.60-2.81-3.05%-29.05%-225.46%0.60
ACNTAscent Industries Co.157.21M16.76-12.51-7.92%0.85%1.01%8.13%0.36
LUDLuda Technology Group Limited195.13M8.60-537.50-12.76%-0.8%-2.46%2.24%0.05

Profit & Loss

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Sales/Revenue+175.46M138.57M201.15M280.84M305.17M256M334.71M261.99M193.18M177.87M
Revenue Growth %-0.12%-0.21%0.45%0.4%0.09%-0.16%0.31%-0.22%-0.26%-0.08%
Cost of Goods Sold+150.14M121.66M173.07M229.6M274.39M233.35M273.95M218.71M191.65M155.76M
COGS % of Revenue0.86%0.88%0.86%0.82%0.9%0.91%0.82%0.83%0.99%0.88%
Gross Profit+25.32M16.9M28.08M51.24M30.77M22.65M60.77M43.29M1.53M22.11M
Gross Margin %0.14%0.12%0.14%0.18%0.1%0.09%0.18%0.17%0.01%0.12%
Gross Profit Growth %-0.23%-0.33%0.66%0.82%-0.4%-0.26%1.68%-0.29%-0.96%13.49%
Operating Expenses+38.35M25.04M26.02M30M32.48M53.72M33.42M28.74M38.96M27.21M
OpEx % of Revenue0.22%0.18%0.13%0.11%0.11%0.21%0.1%0.11%0.2%0.15%
Selling, General & Admin21.94M22.67M24.87M27.69M32.63M28.72M30.14M27.64M26.71M26.59M
SG&A % of Revenue0.13%0.16%0.12%0.1%0.11%0.11%0.09%0.11%0.14%0.15%
Research & Development548K603K600K548.46K600K00000
R&D % of Revenue0%0%0%0%0%-----
Other Operating Expenses15.86M1.77M549.41K1.76M-746K25M3.27M1.1M12.24M624K
Operating Income+-13.03M-8.25M2.06M21.24M-1.71M-31.07M27.35M14.54M-37.43M-5.1M
Operating Margin %-0.07%-0.06%0.01%0.08%-0.01%-0.12%0.08%0.06%-0.19%-0.03%
Operating Income Growth %-1.81%0.37%1.25%9.32%-1.08%-17.19%1.88%-0.47%-3.57%0.86%
EBITDA+-6.4M-1.55M9.79M30.01M9.36M-20.47M37.69M22.82M-29.76M2.33M
EBITDA Margin %-0.04%-0.01%0.05%0.11%0.03%-0.08%0.11%0.09%-0.15%0.01%
EBITDA Growth %-1.3%0.76%7.31%2.06%-0.69%-3.19%2.84%-0.39%-2.3%1.08%
D&A (Non-Cash Add-back)6.63M6.69M7.74M8.78M11.06M10.6M10.34M8.27M7.67M7.42M
EBIT-7.12M-8.26M2.46M18.68M55K-29.86M26.98M14.75M-36.84M-4.65M
Net Interest Income+-1.35M-932.57K-985K-2.21M-3.82M-2.11M-1.49M-2.74M-4.24M-418K
Interest Income003660000000
Interest Expense1.35M932.57K985.37K2.21M3.82M2.11M1.49M2.74M4.24M418K
Other Income/Expense4.56M-945.57K-579K-4.76M-2.06M-906K-1.85M-2.53M-3.65M30K
Pretax Income+-8.47M-9.19M1.48M16.47M-3.76M-31.97M25.5M12.01M-41.08M-5.07M
Pretax Margin %-0.05%-0.07%0.01%0.06%-0.01%-0.12%0.08%0.05%-0.21%-0.03%
Income Tax+1.8M-2.2M137.14K3.38M-727K-4.71M5.25M-5.57M-6.92M6.16M
Effective Tax Rate %1.21%0.77%0.91%0.8%0.81%0.85%0.79%1.84%0.65%2.68%
Net Income+-10.27M-7.09M1.34M13.1M-3.04M-27.27M20.25M22.07M-26.63M-13.6M
Net Margin %-0.06%-0.05%0.01%0.05%-0.01%-0.11%0.06%0.08%-0.14%-0.08%
Net Income Growth %-2.88%0.31%1.19%8.76%-1.23%-7.98%1.74%0.09%-2.21%0.49%
Net Income (Continuing)-10.27M-6.99M1.34M13.1M-3.04M-27.27M20.25M17.58M-34.15M-11.22M
Discontinued Operations0-99.33K000004.49M7.52M-2.37M
Minority Interest0000000000
EPS (Diluted)+-1.18-0.820.151.48-0.34-3.002.142.122.63-1.34
EPS Growth %-2.87%0.31%1.18%8.87%-1.23%-7.82%1.71%-0.01%0.24%-1.51%
EPS (Basic)-1.18-0.820.151.49-0.34-3.002.172.162.63-1.34
Diluted Shares Outstanding8.71M8.65M8.73M8.88M8.98M9.1M9.46M10.41M10.14M10.11M
Basic Shares Outstanding8.7M8.63M8.71M8.81M8.98M9.1M9.34M10.23M10.14M10.11M
Dividend Payout Ratio--0.86%0.17%------

Balance Sheet

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Total Current Assets+84.94M97.5M107.65M167.47M147.12M126.88M159.98M170.38M89.41M83.07M
Cash & Short-Term Investments391K62.87K551.94K2.22M4.93M236K2.02M1.44M1.85M16.11M
Cash Only391K62.87K14.71K2.22M626K236K2.02M1.44M1.85M16.11M
Short-Term Investments00537.23K04.3M00000
Accounts Receivable17.95M18.03M28.7M41.06M35.07M28.18M50.13M33.2M26.6M23.88M
Days Sales Outstanding37.3347.4952.0953.3741.9540.1854.6646.2650.2749
Inventory63.82M60.8M72.13M114.2M98.19M85.08M103.25M67.67M52.31M40.96M
Days Inventory Outstanding155.14182.41152.11181.54130.61133.08137.57112.9499.6295.99
Other Current Assets79.92K11.34M-537.23K08.93M0855K68.06M8.65M2.12M
Total Non-Current Assets+64.08M41.13M52.23M60.93M110.08M80.1M106.02M98.67M73.88M64.18M
Property, Plant & Equipment46.29M27.32M35.08M40.92M76.46M66.86M74.53M64.68M57.54M53.69M
Fixed Asset Turnover3.79x5.07x5.73x6.86x3.99x3.83x4.49x4.05x3.36x3.31x
Goodwill1.35M1.35M6M9.8M17.56M1.35M12.64M11.39M00
Intangible Assets14.93M12.31M10.88M9.7M15.71M11.43M14.38M10M8.5M7.01M
Long-Term Investments1.5M-5.65M-3.68M-5.52M000000
Other Non-Current Assets1.5M146.62K263.65K508K348K455K4.47M11.25M2.04M3.48M
Total Assets+149.02M138.64M159.87M228.4M257.2M206.98M266M269.04M163.29M147.25M
Asset Turnover1.18x1.00x1.26x1.23x1.19x1.24x1.26x0.97x1.18x1.21x
Asset Growth %-0.21%-0.07%0.15%0.43%0.13%-0.2%0.29%0.01%-0.39%-0.1%
Total Current Liabilities+26.79M32.77M33.25M37.24M40.58M31.05M50.49M33.48M24.79M22.28M
Accounts Payable12.27M16.68M24.26M25.07M21.15M19.73M32.32M14.11M16.42M13.07M
Days Payables Outstanding29.8250.0651.1639.8628.1330.8643.0623.5531.2630.63
Short-Term Debt4.53M167.72K224.96K347K4M00387K360K369K
Deferred Revenue (Current)637.6K906.01K184.87K177.52K153K298K441K98K62K1000K
Other Current Liabilities4.49M1.14M1.13M638.48K6.5M4.83M4.8M12.59M1.9M897K
Current Ratio3.17x2.98x3.24x4.50x3.63x4.09x3.17x5.09x3.61x3.73x
Quick Ratio0.79x1.12x1.07x1.43x1.21x1.35x1.12x3.07x1.50x1.89x
Cash Conversion Cycle162.65179.84153.04195.06144.42142.4149.16135.64118.62114.36
Total Non-Current Liabilities+27.1M17.41M36.92M88.68M110.11M95.64M103.92M101.31M31.1M31.43M
Long-Term Debt23.41M8.8M25.91M76.41M71.55M60.49M67.93M69.08M00
Capital Lease Obligations00212.73K809.98K34.06M32.81M33.47M32.11M31.04M31.05M
Deferred Tax Liabilities3.02M1.61M635.91K252.99K790K1.96M2.43M00320K
Other Non-Current Liabilities669.65K7M4.23M5.61M3.71M379K89K110K60K51K
Total Liabilities52.62M50.05M70.17M125.91M150.69M126.69M154.41M134.78M55.88M53.7M
Total Debt+28.08M8.97M26.43M77.66M113.47M94.19M102.74M102.88M32.83M33.27M
Net Debt27.69M8.74M26.41M74.19M112.84M93.95M100.72M101.44M30.98M17.16M
Debt / Equity0.29x0.10x0.29x0.76x1.07x1.17x0.92x0.77x0.31x0.36x
Debt / EBITDA--2.70x2.59x12.13x-2.73x4.51x-14.29x
Net Debt / EBITDA--2.70x2.47x12.06x-2.67x4.45x-7.37x
Interest Coverage-9.63x-8.84x2.09x9.61x-0.45x-14.72x18.40x5.30x-8.83x-12.19x
Total Equity+96.41M88.59M89.7M102.48M106.51M80.3M111.59M134.26M107.41M93.55M
Equity Growth %-0.12%-0.08%0.01%0.14%0.04%-0.25%0.39%0.2%-0.2%-0.13%
Book Value per Share11.0710.2410.2811.5411.868.8211.8012.9010.599.26
Total Shareholders' Equity95.15M88.59M89.7M102.48M106.51M80.3M111.59M134.26M107.41M93.55M
Common Stock10.3M10.3M10.3M10.3M10.3M10.3M11.09M11.09M11.09M11.09M
Retained Earnings65.03M57.94M58.13M68.97M70.55M42.84M63.08M85.15M58.52M44.92M
Treasury Stock-14.65M-14.36M-13.91M-13.3M-11.75M-10.56M-8.63M-8.99M-9.53M-9.8M
Accumulated OCI00-10.86K0000000
Minority Interest0000000000

Cash Flow

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Cash from Operations+16.46M1.46M2.24M-21.22M28.64M17.98M19.05M5.58M23.08M14.68M
Operating CF Margin %0.09%0.01%0.01%-0.08%0.09%0.07%0.06%0.02%0.12%0.08%
Operating CF Growth %-0.43%-0.91%0.53%-10.49%2.35%-0.37%0.06%-0.71%3.14%-0.36%
Net Income-10.27M-6.99M1.34M13.1M-3.04M-27.27M20.25M17.58M-15.69M-11.22M
Depreciation & Amortization6.75M6.61M7.4M8.44M11.06M10.6M10.34M8.27M7.67M7.42M
Stock-Based Compensation521.7K459.47K638.42K827K2.09M1.79M799K1.35M1.02M767K
Deferred Taxes150.46K-1.41M-1.04M-382.92K-773K1.17M-2.07M-5.57M06.16M
Other Non-Cash Items12.59M-240.99K2.45M6.69M-789K24.13M3.26M14.42M2.84M-1.62M
Working Capital Changes6.72M3.03M-8.56M-49.9M20.08M7.55M-13.52M-30.48M27.23M13.18M
Change in Receivables11.38M-37.68K-10.88M-10.41M9.7M5.55M-16.18M-264K6.78M2.84M
Change in Inventory4.17M2.03M-7.09M-41.16M19.96M9.12M-18.87M-13.69M15.56M11.34M
Change in Payables-9.12M4.42M7.57M-234.35K-5.32M-1.42M10.84M-6.27M1.65M-3.61M
Cash from Investing+-8.94M17.67M-17.4M-22.7M-25.7M994K-32.66M-4.97M50.5M905K
Capital Expenditures-10.91M-3.04M-5.28M-17.73M-4.54M-3.75M-1.5M-3.39M-2.88M-1.89M
CapEx % of Revenue0.06%0.02%0.03%0.06%0.01%0.01%0%0.01%0.01%0.01%
Acquisitions----------
Investments----------
Other Investing1.94M1.5M72.79K0189K312K1.4M-1.58M53.39M2.8M
Cash from Financing+-7.15M-19.46M15.12M46.13M-4.54M-19.36M15.39M-1.18M-73.17M-1.33M
Debt Issued (Net)----------
Equity Issued (Net)----------
Dividends Paid-2.62M0-1.15M-2.22M000000
Share Repurchases----------
Other Financing00-718.47K-2.79M-3.63M-4.23M-3.55M-1.12M00
Net Change in Cash----------
Free Cash Flow+5.56M-1.59M-3.04M-38.95M24.1M14.23M17.56M2.18M20.19M12.79M
FCF Margin %0.03%-0.01%-0.02%-0.14%0.08%0.06%0.05%0.01%0.1%0.07%
FCF Growth %-0.73%-1.29%-0.92%-11.8%1.62%-0.41%0.23%-0.88%8.25%-0.37%
FCF per Share0.64-0.18-0.35-4.392.681.561.860.211.991.27
FCF Conversion (FCF/Net Income)-1.60x-0.21x1.67x-1.62x-9.43x-0.66x0.94x0.25x-0.87x-1.08x
Interest Paid0000001.4M2.6M4.17M277K
Taxes Paid0000001.65M7.86M864K0

Key Ratios

Metric2015201620172018201920202021202220232024
Return on Equity (ROE)-9.98%-7.67%1.5%13.63%-2.91%-29.19%21.1%17.95%-22.04%-13.53%
Return on Invested Capital (ROIC)-7.37%-5.58%1.44%10.83%-0.64%-11.84%10.61%4.87%-15.01%-3.07%
Gross Margin14.43%12.2%13.96%18.24%10.08%8.85%18.15%16.52%0.79%12.43%
Net Margin-5.85%-5.12%0.67%4.66%-0.99%-10.65%6.05%8.42%-13.78%-7.64%
Debt / Equity0.29x0.10x0.29x0.76x1.07x1.17x0.92x0.77x0.31x0.36x
Interest Coverage-9.63x-8.84x2.09x9.61x-0.45x-14.72x18.40x5.30x-8.83x-12.19x
FCF Conversion-1.60x-0.21x1.67x-1.62x-9.43x-0.66x0.94x0.25x-0.87x-1.08x
Revenue Growth-12.05%-21.03%45.16%39.62%8.66%-16.11%30.75%-21.73%-26.27%-7.92%

Revenue by Segment

202120222024
Stainless Steel Pipe186.65M222.89M97.11M
Stainless Steel Pipe Growth-19.42%-56.43%
Specialty Chemicals67.48M-80.76M
Specialty Chemicals Growth---
Seamless Carbon Steel Pipe And Tube40.54M48.23M-
Seamless Carbon Steel Pipe And Tube Growth-18.96%-
Galvanized Pipe38.7M35.08M-
Galvanized Pipe Growth--9.38%-
Fiberglass and Steel Liquid Storage Tanks and Separation Equipment-411K-
Fiberglass and Steel Liquid Storage Tanks and Separation Equipment Growth---
Fiberglass Steel Liquid Storage Tanks Separation Equipment1.34M--
Fiberglass Steel Liquid Storage Tanks Separation Equipment Growth---

Revenue by Geography

202120222024
UNITED STATES325.33M403.96M170.83M
UNITED STATES Growth-24.17%-57.71%
Non-US9.38M10.19M7.04M
Non-US Growth-8.65%-30.89%

Frequently Asked Questions

Growth & Financials

Ascent Industries Co. (ACNT) reported $103.8M in revenue for fiscal year 2024. This represents a 39% decrease from $170.6M in 2011.

Ascent Industries Co. (ACNT) saw revenue decline by 7.9% over the past year.

Yes, Ascent Industries Co. (ACNT) is profitable, generating $0.9M in net income for fiscal year 2024 (-7.6% net margin).

Dividend & Returns

Ascent Industries Co. (ACNT) has a return on equity (ROE) of -13.5%. Negative ROE indicates the company is unprofitable.

Ascent Industries Co. (ACNT) generated $6.3M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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