Ampco-Pittsburgh Corporation (AP) 10-Year Financial Performance & Capital Metrics

AP • • Industrial / General

IndustrialsMetal FabricationSpecialty Metals & Alloys ManufacturingGeneral Specialty Metals & Components

AboutAmpco-Pittsburgh Corporation, together with its subsidiaries, engages in manufacture and sale of specialty metal products and customized equipment to commercial and industrial users worldwide. It operates in two segments, Forged and Cast Engineered Products (FCEG); and Air and Liquid Processing. The FCEG segment produces forged hardened steel rolls that are used in cold rolling mills by producers of steel, aluminum, and other metals; cast rolls for hot and cold strip, medium/heavy section, hot strip finishing, roughing, and plate mills in various iron and steel qualities; and forged engineered products for use in the steel distribution, oil and gas, and aluminum and plastic extrusion industries. This segment also offers forged rolls for cluster and Z-Hi mills; work rolls for narrow and wide strip and aluminum mills; back-up rolls for narrow strip mills; leveling rolls and shafts; and distributes tool steels, alloys, and carbon round bars. The Air and Liquid Processing segment produces custom-engineered finned tube heat exchange coils and related heat transfer products for various industries, including OEM/commercial, nuclear power generation, and industrial manufacturing; and custom-designed air handling systems for institutional, pharmaceutical, and general industrial building markets. This segment also provides centrifugal pumps the fossil-fueled power generation, marine defense, and industrial refrigeration industries. The company was incorporated in 1929 and is headquartered in Carnegie, Pennsylvania.Show more

Revenue $418M -1.0%
EBITDA $31M +282.1%
Net Income $438K +101.1%
EPS (Diluted) 0.02 +101.1%
Gross Margin 19.48% +10.4%
EBITDA Margin 7.36% +283.9%
Operating Margin 2.91% +135.5%
Net Margin 0.1% +101.1%
ROE 0.61% +101.4%
ROIC 4.72% +137.5%
Debt/Equity 1.87 +0.5%
Interest Coverage 1.05 +128.3%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Momentum leader: RS Rating 96 (top 4%)
✓High quality earnings: Operating CF exceeds net income

✗Weaknesses

No significant weaknesses identified

Price & Volume

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Growth Metrics

Revenue CAGR

10Y4.37%

5Y1.01%

3Y6.64%

TTM0.2%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM88.09%

EPS CAGR

10Y-

5Y-

3Y-

TTM88.78%

ROCE

10Y Avg-3.29%

5Y Avg-0.85%

3Y Avg-1.57%

Latest2.85%

Peer Comparison

General Specialty Metals & Components

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
APAmpco-Pittsburgh Corporation	117.49M	5.78	262.73	-0.96%	-1.24%	-7.11%	4.97%	1.87

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	238.48M	331.87M	385.15M	419.43M	397.9M	328.54M	344.92M	390.19M	422.34M	418.31M
Revenue Growth %	-0.13%	0.39%	0.16%	0.09%	-0.05%	-0.17%	0.05%	0.13%	0.08%	-0.01%
Cost of Goods Sold+	196.09M	276.5M	316.98M	351.84M	326.16M	257.51M	278.81M	328M	347.78M	336.81M
COGS % of Revenue	0.82%	0.83%	0.82%	0.84%	0.82%	0.78%	0.81%	0.84%	0.82%	0.81%
Gross Profit+	42.39M	55.37M	68.17M	67.59M	71.75M	71.03M	66.11M	62.19M	74.56M	81.5M
Gross Margin %	0.18%	0.17%	0.18%	0.16%	0.18%	0.22%	0.19%	0.16%	0.18%	0.19%
Gross Profit Growth %	-0.22%	0.31%	0.23%	-0.01%	0.06%	-0.01%	-0.07%	-0.06%	0.2%	0.09%
Operating Expenses+	37.34M	109.9M	81.94M	112.48M	82.66M	64.58M	70.9M	59.41M	109.13M	69.33M
OpEx % of Revenue	0.16%	0.33%	0.21%	0.27%	0.21%	0.2%	0.21%	0.15%	0.26%	0.17%
Selling, General & Admin	39.51M	58.17M	60.16M	58.07M	53.64M	45.54M	46M	43.53M	50.88M	0
SG&A % of Revenue	0.17%	0.18%	0.16%	0.14%	0.13%	0.14%	0.13%	0.11%	0.12%	-
Research & Development	0	0	0	0	0	2.05M	0	0	0	441K
R&D % of Revenue	-	-	-	-	-	0.01%	-	-	-	0%
Other Operating Expenses	-2.17M	51.73M	21.78M	54.42M	29.01M	17M	24.9M	15.89M	58.25M	68.89M
Operating Income+	5.05M	-54.53M	-13.77M	-44.89M	-10.91M	6.45M	-4.78M	2.78M	-34.57M	12.17M
Operating Margin %	0.02%	-0.16%	-0.04%	-0.11%	-0.03%	0.02%	-0.01%	0.01%	-0.08%	0.03%
Operating Income Growth %	62.09%	-11.8%	0.75%	-2.26%	0.76%	1.59%	-1.74%	1.58%	-13.45%	1.35%
EBITDA+	16.83M	-34.07M	7.61M	-23.51M	8.06M	25.02M	13.1M	20.19M	-16.9M	30.78M
EBITDA Margin %	0.07%	-0.1%	0.02%	-0.06%	0.02%	0.08%	0.04%	0.05%	-0.04%	0.07%
EBITDA Growth %	0.41%	-3.02%	1.22%	-4.09%	1.34%	2.1%	-0.48%	0.54%	-1.84%	2.82%
D&A (Non-Cash Add-back)	11.79M	20.46M	21.38M	21.38M	18.97M	18.57M	17.88M	17.41M	17.67M	18.61M
EBIT	4.75M	-55.12M	-14.36M	-39.68M	-3.02M	12.81M	2.6M	10.99M	-29.93M	12.8M
Net Interest Income+	-226K	-2.4M	-3.08M	-4.13M	-5.34M	-4.11M	-3.6M	-5.43M	-9.35M	-11.62M
Interest Income	0	0	0	0	0	0	0	0	0	0
Interest Expense	226K	2.4M	3.08M	4.13M	5.34M	4.11M	3.6M	5.43M	9.35M	11.62M
Other Income/Expense	-527K	-2.99M	-3.67M	1.08M	2.54M	2.25M	3.79M	2.78M	-4.7M	-7.12M
Pretax Income+	4.52M	-57.52M	-17.44M	-43.81M	-8.37M	8.7M	-995K	5.56M	-39.28M	5.05M
Pretax Margin %	0.02%	-0.17%	-0.05%	-0.1%	-0.02%	0.03%	-0%	0.01%	-0.09%	0.01%
Income Tax+	2.63M	22.71M	-1.35M	-268K	2.11M	-470K	2.31M	1.58M	-1.16M	2.69M
Effective Tax Rate %	0.3%	1.39%	0.69%	1.58%	2.51%	0.92%	3.88%	0.61%	1.02%	0.09%
Net Income+	1.37M	-79.82M	-12.09M	-69.33M	-20.99M	7.97M	-3.86M	3.42M	-39.93M	438K
Net Margin %	0.01%	-0.24%	-0.03%	-0.17%	-0.05%	0.02%	-0.01%	0.01%	-0.09%	0%
Net Income Growth %	2.16%	-59.14%	0.85%	-4.74%	0.7%	1.38%	-1.48%	1.88%	-12.69%	1.01%
Net Income (Continuing)	1.37M	-79.81M	-15.05M	-43.58M	-10.47M	9.17M	-3.3M	3.98M	-38.12M	2.35M
Discontinued Operations	0	0	3.75M	-23.9M	-9.09M	0	0	0	0	0
Minority Interest	0	1.92M	2.82M	5.37M	6.72M	8.44M	9.23M	9.07M	10.63M	12.21M
EPS (Diluted)+	0.13	-6.68	-0.98	-5.57	-1.67	0.54	-0.20	0.18	-2.04	0.02
EPS Growth %	2.18%	-52.38%	0.85%	-4.68%	0.7%	1.32%	-1.37%	1.9%	-12.33%	1.01%
EPS (Basic)	0.13	-6.68	-0.98	-5.57	-1.67	0.56	-0.20	0.18	-2.04	0.02
Diluted Shares Outstanding	10.45M	11.95M	12.33M	12.45M	12.59M	14.64M	18.95M	19.44M	19.62M	19.89M
Basic Shares Outstanding	10.44M	11.95M	12.33M	12.45M	12.59M	14.27M	18.95M	19.32M	19.62M	19.89M
Dividend Payout Ratio	5.47%	-	-	-	-	-	-	-	-	-

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+	219.68M	221.46M	240.25M	227.87M	193.41M	171.83M	208.82M	231.41M	236.65M	236.79M
Cash & Short-Term Investments	95.12M	38.58M	20.7M	19.71M	6.96M	16.84M	10.34M	8.73M	7.29M	15.43M
Cash Only	95.12M	38.58M	20.7M	19.71M	6.96M	16.84M	10.34M	8.73M	7.29M	15.43M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	61.88M	85.23M	81.73M	86.45M	97.78M	76.37M	84.83M	93.49M	99.3M	95.94M
Days Sales Outstanding	94.7	93.74	77.45	75.23	89.7	84.84	89.77	87.46	85.82	83.71
Inventory	59.73M	83.58M	107.56M	94.2M	82.29M	73.24M	108.72M	121.74M	124.69M	116.76M
Days Inventory Outstanding	111.19	110.33	123.85	97.72	92.09	103.81	142.33	135.47	130.87	126.53
Other Current Assets	2.95M	14.07M	46.41M	27.51M	6.38M	5.38M	4.93M	7.44M	5.37M	8.66M
Total Non-Current Assets+	286.47M	344.43M	325.35M	343.25M	313.15M	291.38M	297.14M	271.37M	329M	294.11M
Property, Plant & Equipment	146.91M	214.41M	214.98M	185.66M	170.66M	166.44M	162.62M	158.52M	163.5M	152.65M
Fixed Asset Turnover	1.62x	1.55x	1.79x	2.26x	2.33x	1.97x	2.12x	2.46x	2.58x	2.74x
Goodwill	107.23M	0	0	0	0	0	0	0	0	0
Intangible Assets	1.19M	11.6M	11.02M	9.22M	7.63M	7.22M	6.2M	5.19M	4.95M	4.25M
Long-Term Investments	3.1M	2.02M	2.17M	2.17M	2.17M	2.17M	2.17M	2.17M	2.17M	2.17M
Other Non-Current Assets	7.47M	111.57M	95.59M	143M	129.7M	113.05M	124.16M	103.34M	155.22M	132.18M
Total Assets+	506.16M	565.89M	565.6M	571.12M	506.56M	463.21M	505.96M	502.77M	565.65M	530.9M
Asset Turnover	0.47x	0.59x	0.68x	0.73x	0.79x	0.71x	0.68x	0.78x	0.75x	0.79x
Asset Growth %	-0.06%	0.12%	-0%	0.01%	-0.11%	-0.09%	0.09%	-0.01%	0.13%	-0.06%
Total Current Liabilities+	81.33M	144.29M	144.67M	167.45M	124.23M	105.33M	125.04M	116.22M	116.89M	125.22M
Accounts Payable	13.96M	37.1M	35.44M	38.9M	33.27M	26.68M	44.23M	43.62M	37.23M	36.72M
Days Payables Outstanding	25.98	48.98	40.81	40.36	37.23	37.81	57.9	48.54	39.07	39.79
Short-Term Debt	13.31M	26.82M	19.34M	45.73M	20.36M	12.44M	20.01M	12.41M	12.27M	12.19M
Deferred Revenue (Current)	1000K	1000K	1000K	1000K	1000K	1000K	0	0	149K	0
Other Current Liabilities	44.88M	60.2M	67.56M	58.48M	21.62M	23.39M	37.48M	43.6M	51.59M	58.33M
Current Ratio	2.70x	1.53x	1.66x	1.36x	1.56x	1.63x	1.67x	1.99x	2.02x	1.89x
Quick Ratio	1.97x	0.96x	0.92x	0.80x	0.89x	0.94x	0.80x	0.94x	0.96x	0.96x
Cash Conversion Cycle	179.91	155.09	160.5	132.59	144.55	150.84	174.19	174.39	177.61	170.45
Total Non-Current Liabilities+	213.4M	271.76M	259.17M	310.7M	326.71M	272.88M	268.78M	273.15M	377.2M	334.59M
Long-Term Debt	0	25.39M	46.82M	31.88M	50.49M	24.81M	40.91M	93.06M	116.38M	116.39M
Capital Lease Obligations	0	0	1.07M	19.72M	3.71M	3.67M	3.42M	2.89M	3.82M	3.71M
Deferred Tax Liabilities	30.98M	591K	433K	164K	543K	1.4M	3.86M	2.52M	543K	450K
Other Non-Current Liabilities	213.4M	245.78M	210.84M	258.94M	272.02M	243M	220.6M	174.69M	256.45M	214.03M
Total Liabilities	294.73M	416.06M	403.84M	478.15M	450.94M	378.21M	393.83M	389.38M	494.08M	459.81M
Total Debt+	13.31M	52.21M	66.15M	77.61M	75.12M	41.59M	64.97M	108.99M	133.42M	133.17M
Net Debt	-81.81M	13.63M	45.45M	57.9M	68.16M	24.75M	54.64M	100.26M	126.14M	117.75M
Debt / Equity	0.06x	0.35x	0.41x	0.83x	1.35x	0.49x	0.58x	0.96x	1.86x	1.87x
Debt / EBITDA	0.79x	-	8.70x	-	9.32x	1.66x	4.96x	5.40x	-	4.33x
Net Debt / EBITDA	-4.86x	-	5.98x	-	8.46x	0.99x	4.17x	4.97x	-	3.83x
Interest Coverage	22.33x	-22.75x	-4.46x	-10.87x	-2.04x	1.57x	-1.33x	0.51x	-3.70x	1.05x
Total Equity+	211.42M	149.83M	161.76M	92.97M	55.62M	85M	112.13M	113.4M	71.57M	71.09M
Equity Growth %	0.03%	-0.29%	0.08%	-0.43%	-0.4%	0.53%	0.32%	0.01%	-0.37%	-0.01%
Book Value per Share	20.24	12.54	13.12	7.47	4.42	5.81	5.92	5.83	3.65	3.57
Total Shareholders' Equity	211.42M	147.92M	158.94M	87.59M	48.9M	76.56M	102.9M	104.33M	60.94M	58.88M
Common Stock	10.44M	12.27M	12.36M	12.49M	12.65M	18.31M	19.18M	19.4M	19.73M	19.98M
Retained Earnings	129.74M	45.44M	38.35M	-30.36M	-51.34M	-43.37M	-35.74M	-32.32M	-73M	-72.56M
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	-57.6M	-60.88M	-44.76M	-49.43M	-68.66M	-68.69M	-55.11M	-58.41M	-62.99M	-66.84M
Minority Interest	0	1.92M	2.82M	5.37M	6.72M	8.44M	9.23M	9.07M	10.63M	12.21M

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+	20.5M	-5.63M	-15.84M	-6.72M	-7.1M	33.63M	-15.87M	-27.21M	-3.69M	18.03M
Operating CF Margin %	0.09%	-0.02%	-0.04%	-0.02%	-0.02%	0.1%	-0.05%	-0.07%	-0.01%	0.04%
Operating CF Growth %	0.03%	-1.27%	-1.81%	0.58%	-0.06%	5.74%	-1.47%	-0.71%	0.86%	5.89%
Net Income	1.37M	-79.81M	-11.3M	-43.58M	-10.47M	7.97M	-12.13M	3.98M	-38.12M	2.35M
Depreciation & Amortization	11.79M	20.46M	22.39M	21.38M	18.97M	18.6M	17.88M	17.41M	17.67M	18.61M
Stock-Based Compensation	1.33M	2.33M	2.4M	2.12M	1.42M	0	2.44M	1.67M	2.15M	1.48M
Deferred Taxes	-2.3M	23.41M	3.18M	-1.81M	559K	958K	1.3M	468K	-2.96M	259K
Other Non-Cash Items	7.14M	29.61M	-1.03M	9.73M	-1.02M	-6.64M	1.64M	-14.46M	35.09M	-13.59M
Working Capital Changes	1.18M	-1.63M	-31.47M	5.44M	-16.55M	12.74M	-26.99M	-36.26M	-17.51M	8.91M
Change in Receivables	9.39M	5.7M	-12.92M	8.92M	-15.04M	20.87M	-8.27M	-11.63M	7.79M	20.04M
Change in Inventory	-4.53M	8.31M	-20.36M	-5.4M	10.8M	10.22M	-18.4M	-17.9M	-1.4M	4.76M
Change in Payables	-3M	-8.82M	7.82M	5.22M	-5.29M	-7.78M	17.6M	1.56M	-6.36M	-104K
Cash from Investing+	-14.3M	-40.88M	-13.18M	-3.37M	-2.82M	-7.93M	-14.73M	-16.31M	-19.68M	-8.24M
Capital Expenditures	-9.41M	-10.57M	-14.9M	-9.72M	-10.96M	-8.47M	-15.24M	-16.69M	-20.45M	-12.19M
CapEx % of Revenue	0.04%	0.03%	0.04%	0.02%	0.03%	0.03%	0.04%	0.04%	0.05%	0.03%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	11K	-16K	-1.89M	-1.55M	152K	266K	502K	-1K	128K	3.31M
Cash from Financing+	-7.51M	-8.88M	9.65M	11.25M	-3.78M	-17.22M	24.4M	42.59M	21.69M	-1.35M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	-7.51M	-5.21M	-2.24M	-35K	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	0	-1.25M	-7.91M	-477K	4.49M	-329K	0	6.05M	10.33M	63K
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	11.1M	-16.2M	-30.74M	-16.44M	-18.06M	25.17M	-31.1M	-43.9M	-24.13M	5.83M
FCF Margin %	0.05%	-0.05%	-0.08%	-0.04%	-0.05%	0.08%	-0.09%	-0.11%	-0.06%	0.01%
FCF Growth %	0.66%	-2.46%	-0.9%	0.47%	-0.1%	2.39%	-2.24%	-0.41%	0.45%	1.24%
FCF per Share	1.06	-1.36	-2.49	-1.32	-1.43	1.72	-1.64	-2.26	-1.23	0.29
FCF Conversion (FCF/Net Income)	14.93x	0.07x	1.31x	0.10x	0.34x	4.22x	4.11x	-7.96x	0.09x	41.16x
Interest Paid	225K	957K	1.28M	1.95M	4.25M	0	2.9M	5.92M	7.92M	10.17M
Taxes Paid	3.25M	4.4M	844K	1.42M	1.76M	0	1.63M	896K	2.33M	2.51M

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	0.66%	-44.19%	-7.76%	-54.44%	-28.25%	11.34%	-3.92%	3.03%	-43.17%	0.61%
Return on Invested Capital (ROIC)	3.02%	-27.91%	-5.57%	-18.81%	-5.96%	4.14%	-2.59%	1.1%	-12.61%	4.72%
Gross Margin	17.77%	16.68%	17.7%	16.12%	18.03%	21.62%	19.17%	15.94%	17.65%	19.48%
Net Margin	0.58%	-24.05%	-3.14%	-16.53%	-5.27%	2.43%	-1.12%	0.88%	-9.45%	0.1%
Debt / Equity	0.06x	0.35x	0.41x	0.83x	1.35x	0.49x	0.58x	0.96x	1.86x	1.87x
Interest Coverage	22.33x	-22.75x	-4.46x	-10.87x	-2.04x	1.57x	-1.33x	0.51x	-3.70x	1.05x
FCF Conversion	14.93x	0.07x	1.31x	0.10x	0.34x	4.22x	4.11x	-7.96x	0.09x	41.16x
Revenue Growth	-12.6%	39.16%	16.06%	8.9%	-5.13%	-17.43%	4.98%	13.12%	8.24%	-0.96%

Revenue by Segment

	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023
Forged And Cast Mill Rolls	-	-	-	254.64M	270.24M	286.04M	228.22M	234.93M	256.56M	285.58M
Forged And Cast Mill Rolls Growth	-	-	-	-	6.13%	5.84%	-20.21%	2.94%	9.21%	11.31%
Heat Exchange Coils	39.11M	32.74M	28.14M	29M	26.76M	27.97M	25.25M	24.37M	31.39M	45.26M
Heat Exchange Coils Growth	-	-16.27%	-14.07%	3.05%	-7.71%	4.53%	-9.74%	-3.47%	28.82%	44.16%
Air Handling Systems	21.38M	20.35M	19.72M	23.27M	27.27M	28.3M	28.5M	26.48M	29.44M	38.53M
Air Handling Systems Growth	-	-4.82%	-3.11%	18.01%	17.22%	3.77%	0.69%	-7.08%	11.18%	30.88%
Centrifugal Pumps	32.98M	33.12M	36.36M	35.61M	35.87M	36M	36.91M	33.87M	29.87M	34.8M
Centrifugal Pumps Growth	-	0.42%	9.78%	-2.07%	0.73%	0.37%	2.53%	-8.25%	-11.79%	16.47%
Forged Engineered Products	-	-	-	89.89M	59.29M	19.59M	9.67M	25.28M	42.92M	18.18M
Forged Engineered Products Growth	-	-	-	-	-34.04%	-66.95%	-50.65%	161.41%	69.81%	-57.64%

Revenue by Geography

	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023
UNITED STATES	143.49M	126.42M	159.53M	236.86M	209.54M	192.84M	159.91M	178.09M	204.95M	243.24M
UNITED STATES Growth	-	-11.90%	26.19%	48.47%	-11.53%	-7.97%	-17.08%	11.37%	15.08%	18.68%
Foreign	129.37M	112.06M	172.34M	195.54M	209.9M	205.06M	168.64M	166.83M	185.24M	179.1M
Foreign Growth	-	-13.37%	53.78%	13.47%	7.34%	-2.30%	-17.76%	-1.07%	11.03%	-3.31%

Frequently Asked Questions

Valuation & Price

Ampco-Pittsburgh Corporation (AP) has a price-to-earnings (P/E) ratio of 262.7x. This suggests investors expect higher future growth.

Growth & Financials

Ampco-Pittsburgh Corporation (AP) reported $426.3M in revenue for fiscal year 2024. This represents a 24% increase from $344.8M in 2011.

Ampco-Pittsburgh Corporation (AP) saw revenue decline by 1.0% over the past year.

Ampco-Pittsburgh Corporation (AP) reported a net loss of $5.3M for fiscal year 2024.

Dividend & Returns

Ampco-Pittsburgh Corporation (AP) has a return on equity (ROE) of 0.6%. This is below average, suggesting room for improvement.

Ampco-Pittsburgh Corporation (AP) had negative free cash flow of $4.3M in fiscal year 2024, likely due to heavy capital investments.

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Ampco-Pittsburgh Corporation (AP) 10-Year Financial Performance & Capital Metrics

AP • • Industrial / General

IndustrialsMetal FabricationSpecialty Metals & Alloys ManufacturingGeneral Specialty Metals & Components

Revenue $418M -1.0%
EBITDA $31M +282.1%
Net Income $438K +101.1%
EPS (Diluted) 0.02 +101.1%
Gross Margin 19.48% +10.4%
EBITDA Margin 7.36% +283.9%
Operating Margin 2.91% +135.5%
Net Margin 0.1% +101.1%
ROE 0.61% +101.4%
ROIC 4.72% +137.5%
Debt/Equity 1.87 +0.5%
Interest Coverage 1.05 +128.3%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Momentum leader: RS Rating 96 (top 4%)
✓High quality earnings: Operating CF exceeds net income

✗Weaknesses

No significant weaknesses identified

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y4.37%

5Y1.01%

3Y6.64%

TTM0.2%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM88.09%

EPS CAGR

10Y-

5Y-

3Y-

TTM88.78%

ROCE

10Y Avg-3.29%

5Y Avg-0.85%

3Y Avg-1.57%

Latest2.85%

Peer Comparison

General Specialty Metals & Components

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
APAmpco-Pittsburgh Corporation	117.49M	5.78	262.73	-0.96%	-1.24%	-7.11%	4.97%	1.87

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	238.48M	331.87M	385.15M	419.43M	397.9M	328.54M	344.92M	390.19M	422.34M	418.31M
Revenue Growth %	-0.13%	0.39%	0.16%	0.09%	-0.05%	-0.17%	0.05%	0.13%	0.08%	-0.01%
Cost of Goods Sold+	196.09M	276.5M	316.98M	351.84M	326.16M	257.51M	278.81M	328M	347.78M	336.81M
COGS % of Revenue	0.82%	0.83%	0.82%	0.84%	0.82%	0.78%	0.81%	0.84%	0.82%	0.81%
Gross Profit+	42.39M	55.37M	68.17M	67.59M	71.75M	71.03M	66.11M	62.19M	74.56M	81.5M
Gross Margin %	0.18%	0.17%	0.18%	0.16%	0.18%	0.22%	0.19%	0.16%	0.18%	0.19%
Gross Profit Growth %	-0.22%	0.31%	0.23%	-0.01%	0.06%	-0.01%	-0.07%	-0.06%	0.2%	0.09%
Operating Expenses+	37.34M	109.9M	81.94M	112.48M	82.66M	64.58M	70.9M	59.41M	109.13M	69.33M
OpEx % of Revenue	0.16%	0.33%	0.21%	0.27%	0.21%	0.2%	0.21%	0.15%	0.26%	0.17%
Selling, General & Admin	39.51M	58.17M	60.16M	58.07M	53.64M	45.54M	46M	43.53M	50.88M	0
SG&A % of Revenue	0.17%	0.18%	0.16%	0.14%	0.13%	0.14%	0.13%	0.11%	0.12%	-
Research & Development	0	0	0	0	0	2.05M	0	0	0	441K
R&D % of Revenue	-	-	-	-	-	0.01%	-	-	-	0%
Other Operating Expenses	-2.17M	51.73M	21.78M	54.42M	29.01M	17M	24.9M	15.89M	58.25M	68.89M
Operating Income+	5.05M	-54.53M	-13.77M	-44.89M	-10.91M	6.45M	-4.78M	2.78M	-34.57M	12.17M
Operating Margin %	0.02%	-0.16%	-0.04%	-0.11%	-0.03%	0.02%	-0.01%	0.01%	-0.08%	0.03%
Operating Income Growth %	62.09%	-11.8%	0.75%	-2.26%	0.76%	1.59%	-1.74%	1.58%	-13.45%	1.35%
EBITDA+	16.83M	-34.07M	7.61M	-23.51M	8.06M	25.02M	13.1M	20.19M	-16.9M	30.78M
EBITDA Margin %	0.07%	-0.1%	0.02%	-0.06%	0.02%	0.08%	0.04%	0.05%	-0.04%	0.07%
EBITDA Growth %	0.41%	-3.02%	1.22%	-4.09%	1.34%	2.1%	-0.48%	0.54%	-1.84%	2.82%
D&A (Non-Cash Add-back)	11.79M	20.46M	21.38M	21.38M	18.97M	18.57M	17.88M	17.41M	17.67M	18.61M
EBIT	4.75M	-55.12M	-14.36M	-39.68M	-3.02M	12.81M	2.6M	10.99M	-29.93M	12.8M
Net Interest Income+	-226K	-2.4M	-3.08M	-4.13M	-5.34M	-4.11M	-3.6M	-5.43M	-9.35M	-11.62M
Interest Income	0	0	0	0	0	0	0	0	0	0
Interest Expense	226K	2.4M	3.08M	4.13M	5.34M	4.11M	3.6M	5.43M	9.35M	11.62M
Other Income/Expense	-527K	-2.99M	-3.67M	1.08M	2.54M	2.25M	3.79M	2.78M	-4.7M	-7.12M
Pretax Income+	4.52M	-57.52M	-17.44M	-43.81M	-8.37M	8.7M	-995K	5.56M	-39.28M	5.05M
Pretax Margin %	0.02%	-0.17%	-0.05%	-0.1%	-0.02%	0.03%	-0%	0.01%	-0.09%	0.01%
Income Tax+	2.63M	22.71M	-1.35M	-268K	2.11M	-470K	2.31M	1.58M	-1.16M	2.69M
Effective Tax Rate %	0.3%	1.39%	0.69%	1.58%	2.51%	0.92%	3.88%	0.61%	1.02%	0.09%
Net Income+	1.37M	-79.82M	-12.09M	-69.33M	-20.99M	7.97M	-3.86M	3.42M	-39.93M	438K
Net Margin %	0.01%	-0.24%	-0.03%	-0.17%	-0.05%	0.02%	-0.01%	0.01%	-0.09%	0%
Net Income Growth %	2.16%	-59.14%	0.85%	-4.74%	0.7%	1.38%	-1.48%	1.88%	-12.69%	1.01%
Net Income (Continuing)	1.37M	-79.81M	-15.05M	-43.58M	-10.47M	9.17M	-3.3M	3.98M	-38.12M	2.35M
Discontinued Operations	0	0	3.75M	-23.9M	-9.09M	0	0	0	0	0
Minority Interest	0	1.92M	2.82M	5.37M	6.72M	8.44M	9.23M	9.07M	10.63M	12.21M
EPS (Diluted)+	0.13	-6.68	-0.98	-5.57	-1.67	0.54	-0.20	0.18	-2.04	0.02
EPS Growth %	2.18%	-52.38%	0.85%	-4.68%	0.7%	1.32%	-1.37%	1.9%	-12.33%	1.01%
EPS (Basic)	0.13	-6.68	-0.98	-5.57	-1.67	0.56	-0.20	0.18	-2.04	0.02
Diluted Shares Outstanding	10.45M	11.95M	12.33M	12.45M	12.59M	14.64M	18.95M	19.44M	19.62M	19.89M
Basic Shares Outstanding	10.44M	11.95M	12.33M	12.45M	12.59M	14.27M	18.95M	19.32M	19.62M	19.89M
Dividend Payout Ratio	5.47%	-	-	-	-	-	-	-	-	-

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+	219.68M	221.46M	240.25M	227.87M	193.41M	171.83M	208.82M	231.41M	236.65M	236.79M
Cash & Short-Term Investments	95.12M	38.58M	20.7M	19.71M	6.96M	16.84M	10.34M	8.73M	7.29M	15.43M
Cash Only	95.12M	38.58M	20.7M	19.71M	6.96M	16.84M	10.34M	8.73M	7.29M	15.43M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	61.88M	85.23M	81.73M	86.45M	97.78M	76.37M	84.83M	93.49M	99.3M	95.94M
Days Sales Outstanding	94.7	93.74	77.45	75.23	89.7	84.84	89.77	87.46	85.82	83.71
Inventory	59.73M	83.58M	107.56M	94.2M	82.29M	73.24M	108.72M	121.74M	124.69M	116.76M
Days Inventory Outstanding	111.19	110.33	123.85	97.72	92.09	103.81	142.33	135.47	130.87	126.53
Other Current Assets	2.95M	14.07M	46.41M	27.51M	6.38M	5.38M	4.93M	7.44M	5.37M	8.66M
Total Non-Current Assets+	286.47M	344.43M	325.35M	343.25M	313.15M	291.38M	297.14M	271.37M	329M	294.11M
Property, Plant & Equipment	146.91M	214.41M	214.98M	185.66M	170.66M	166.44M	162.62M	158.52M	163.5M	152.65M
Fixed Asset Turnover	1.62x	1.55x	1.79x	2.26x	2.33x	1.97x	2.12x	2.46x	2.58x	2.74x
Goodwill	107.23M	0	0	0	0	0	0	0	0	0
Intangible Assets	1.19M	11.6M	11.02M	9.22M	7.63M	7.22M	6.2M	5.19M	4.95M	4.25M
Long-Term Investments	3.1M	2.02M	2.17M	2.17M	2.17M	2.17M	2.17M	2.17M	2.17M	2.17M
Other Non-Current Assets	7.47M	111.57M	95.59M	143M	129.7M	113.05M	124.16M	103.34M	155.22M	132.18M
Total Assets+	506.16M	565.89M	565.6M	571.12M	506.56M	463.21M	505.96M	502.77M	565.65M	530.9M
Asset Turnover	0.47x	0.59x	0.68x	0.73x	0.79x	0.71x	0.68x	0.78x	0.75x	0.79x
Asset Growth %	-0.06%	0.12%	-0%	0.01%	-0.11%	-0.09%	0.09%	-0.01%	0.13%	-0.06%
Total Current Liabilities+	81.33M	144.29M	144.67M	167.45M	124.23M	105.33M	125.04M	116.22M	116.89M	125.22M
Accounts Payable	13.96M	37.1M	35.44M	38.9M	33.27M	26.68M	44.23M	43.62M	37.23M	36.72M
Days Payables Outstanding	25.98	48.98	40.81	40.36	37.23	37.81	57.9	48.54	39.07	39.79
Short-Term Debt	13.31M	26.82M	19.34M	45.73M	20.36M	12.44M	20.01M	12.41M	12.27M	12.19M
Deferred Revenue (Current)	1000K	1000K	1000K	1000K	1000K	1000K	0	0	149K	0
Other Current Liabilities	44.88M	60.2M	67.56M	58.48M	21.62M	23.39M	37.48M	43.6M	51.59M	58.33M
Current Ratio	2.70x	1.53x	1.66x	1.36x	1.56x	1.63x	1.67x	1.99x	2.02x	1.89x
Quick Ratio	1.97x	0.96x	0.92x	0.80x	0.89x	0.94x	0.80x	0.94x	0.96x	0.96x
Cash Conversion Cycle	179.91	155.09	160.5	132.59	144.55	150.84	174.19	174.39	177.61	170.45
Total Non-Current Liabilities+	213.4M	271.76M	259.17M	310.7M	326.71M	272.88M	268.78M	273.15M	377.2M	334.59M
Long-Term Debt	0	25.39M	46.82M	31.88M	50.49M	24.81M	40.91M	93.06M	116.38M	116.39M
Capital Lease Obligations	0	0	1.07M	19.72M	3.71M	3.67M	3.42M	2.89M	3.82M	3.71M
Deferred Tax Liabilities	30.98M	591K	433K	164K	543K	1.4M	3.86M	2.52M	543K	450K
Other Non-Current Liabilities	213.4M	245.78M	210.84M	258.94M	272.02M	243M	220.6M	174.69M	256.45M	214.03M
Total Liabilities	294.73M	416.06M	403.84M	478.15M	450.94M	378.21M	393.83M	389.38M	494.08M	459.81M
Total Debt+	13.31M	52.21M	66.15M	77.61M	75.12M	41.59M	64.97M	108.99M	133.42M	133.17M
Net Debt	-81.81M	13.63M	45.45M	57.9M	68.16M	24.75M	54.64M	100.26M	126.14M	117.75M
Debt / Equity	0.06x	0.35x	0.41x	0.83x	1.35x	0.49x	0.58x	0.96x	1.86x	1.87x
Debt / EBITDA	0.79x	-	8.70x	-	9.32x	1.66x	4.96x	5.40x	-	4.33x
Net Debt / EBITDA	-4.86x	-	5.98x	-	8.46x	0.99x	4.17x	4.97x	-	3.83x
Interest Coverage	22.33x	-22.75x	-4.46x	-10.87x	-2.04x	1.57x	-1.33x	0.51x	-3.70x	1.05x
Total Equity+	211.42M	149.83M	161.76M	92.97M	55.62M	85M	112.13M	113.4M	71.57M	71.09M
Equity Growth %	0.03%	-0.29%	0.08%	-0.43%	-0.4%	0.53%	0.32%	0.01%	-0.37%	-0.01%
Book Value per Share	20.24	12.54	13.12	7.47	4.42	5.81	5.92	5.83	3.65	3.57
Total Shareholders' Equity	211.42M	147.92M	158.94M	87.59M	48.9M	76.56M	102.9M	104.33M	60.94M	58.88M
Common Stock	10.44M	12.27M	12.36M	12.49M	12.65M	18.31M	19.18M	19.4M	19.73M	19.98M
Retained Earnings	129.74M	45.44M	38.35M	-30.36M	-51.34M	-43.37M	-35.74M	-32.32M	-73M	-72.56M
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	-57.6M	-60.88M	-44.76M	-49.43M	-68.66M	-68.69M	-55.11M	-58.41M	-62.99M	-66.84M
Minority Interest	0	1.92M	2.82M	5.37M	6.72M	8.44M	9.23M	9.07M	10.63M	12.21M

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+	20.5M	-5.63M	-15.84M	-6.72M	-7.1M	33.63M	-15.87M	-27.21M	-3.69M	18.03M
Operating CF Margin %	0.09%	-0.02%	-0.04%	-0.02%	-0.02%	0.1%	-0.05%	-0.07%	-0.01%	0.04%
Operating CF Growth %	0.03%	-1.27%	-1.81%	0.58%	-0.06%	5.74%	-1.47%	-0.71%	0.86%	5.89%
Net Income	1.37M	-79.81M	-11.3M	-43.58M	-10.47M	7.97M	-12.13M	3.98M	-38.12M	2.35M
Depreciation & Amortization	11.79M	20.46M	22.39M	21.38M	18.97M	18.6M	17.88M	17.41M	17.67M	18.61M
Stock-Based Compensation	1.33M	2.33M	2.4M	2.12M	1.42M	0	2.44M	1.67M	2.15M	1.48M
Deferred Taxes	-2.3M	23.41M	3.18M	-1.81M	559K	958K	1.3M	468K	-2.96M	259K
Other Non-Cash Items	7.14M	29.61M	-1.03M	9.73M	-1.02M	-6.64M	1.64M	-14.46M	35.09M	-13.59M
Working Capital Changes	1.18M	-1.63M	-31.47M	5.44M	-16.55M	12.74M	-26.99M	-36.26M	-17.51M	8.91M
Change in Receivables	9.39M	5.7M	-12.92M	8.92M	-15.04M	20.87M	-8.27M	-11.63M	7.79M	20.04M
Change in Inventory	-4.53M	8.31M	-20.36M	-5.4M	10.8M	10.22M	-18.4M	-17.9M	-1.4M	4.76M
Change in Payables	-3M	-8.82M	7.82M	5.22M	-5.29M	-7.78M	17.6M	1.56M	-6.36M	-104K
Cash from Investing+	-14.3M	-40.88M	-13.18M	-3.37M	-2.82M	-7.93M	-14.73M	-16.31M	-19.68M	-8.24M
Capital Expenditures	-9.41M	-10.57M	-14.9M	-9.72M	-10.96M	-8.47M	-15.24M	-16.69M	-20.45M	-12.19M
CapEx % of Revenue	0.04%	0.03%	0.04%	0.02%	0.03%	0.03%	0.04%	0.04%	0.05%	0.03%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	11K	-16K	-1.89M	-1.55M	152K	266K	502K	-1K	128K	3.31M
Cash from Financing+	-7.51M	-8.88M	9.65M	11.25M	-3.78M	-17.22M	24.4M	42.59M	21.69M	-1.35M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	-7.51M	-5.21M	-2.24M	-35K	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	0	-1.25M	-7.91M	-477K	4.49M	-329K	0	6.05M	10.33M	63K
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	11.1M	-16.2M	-30.74M	-16.44M	-18.06M	25.17M	-31.1M	-43.9M	-24.13M	5.83M
FCF Margin %	0.05%	-0.05%	-0.08%	-0.04%	-0.05%	0.08%	-0.09%	-0.11%	-0.06%	0.01%
FCF Growth %	0.66%	-2.46%	-0.9%	0.47%	-0.1%	2.39%	-2.24%	-0.41%	0.45%	1.24%
FCF per Share	1.06	-1.36	-2.49	-1.32	-1.43	1.72	-1.64	-2.26	-1.23	0.29
FCF Conversion (FCF/Net Income)	14.93x	0.07x	1.31x	0.10x	0.34x	4.22x	4.11x	-7.96x	0.09x	41.16x
Interest Paid	225K	957K	1.28M	1.95M	4.25M	0	2.9M	5.92M	7.92M	10.17M
Taxes Paid	3.25M	4.4M	844K	1.42M	1.76M	0	1.63M	896K	2.33M	2.51M

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	0.66%	-44.19%	-7.76%	-54.44%	-28.25%	11.34%	-3.92%	3.03%	-43.17%	0.61%
Return on Invested Capital (ROIC)	3.02%	-27.91%	-5.57%	-18.81%	-5.96%	4.14%	-2.59%	1.1%	-12.61%	4.72%
Gross Margin	17.77%	16.68%	17.7%	16.12%	18.03%	21.62%	19.17%	15.94%	17.65%	19.48%
Net Margin	0.58%	-24.05%	-3.14%	-16.53%	-5.27%	2.43%	-1.12%	0.88%	-9.45%	0.1%
Debt / Equity	0.06x	0.35x	0.41x	0.83x	1.35x	0.49x	0.58x	0.96x	1.86x	1.87x
Interest Coverage	22.33x	-22.75x	-4.46x	-10.87x	-2.04x	1.57x	-1.33x	0.51x	-3.70x	1.05x
FCF Conversion	14.93x	0.07x	1.31x	0.10x	0.34x	4.22x	4.11x	-7.96x	0.09x	41.16x
Revenue Growth	-12.6%	39.16%	16.06%	8.9%	-5.13%	-17.43%	4.98%	13.12%	8.24%	-0.96%

Revenue by Segment

	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023
Forged And Cast Mill Rolls	-	-	-	254.64M	270.24M	286.04M	228.22M	234.93M	256.56M	285.58M
Forged And Cast Mill Rolls Growth	-	-	-	-	6.13%	5.84%	-20.21%	2.94%	9.21%	11.31%
Heat Exchange Coils	39.11M	32.74M	28.14M	29M	26.76M	27.97M	25.25M	24.37M	31.39M	45.26M
Heat Exchange Coils Growth	-	-16.27%	-14.07%	3.05%	-7.71%	4.53%	-9.74%	-3.47%	28.82%	44.16%
Air Handling Systems	21.38M	20.35M	19.72M	23.27M	27.27M	28.3M	28.5M	26.48M	29.44M	38.53M
Air Handling Systems Growth	-	-4.82%	-3.11%	18.01%	17.22%	3.77%	0.69%	-7.08%	11.18%	30.88%
Centrifugal Pumps	32.98M	33.12M	36.36M	35.61M	35.87M	36M	36.91M	33.87M	29.87M	34.8M
Centrifugal Pumps Growth	-	0.42%	9.78%	-2.07%	0.73%	0.37%	2.53%	-8.25%	-11.79%	16.47%
Forged Engineered Products	-	-	-	89.89M	59.29M	19.59M	9.67M	25.28M	42.92M	18.18M
Forged Engineered Products Growth	-	-	-	-	-34.04%	-66.95%	-50.65%	161.41%	69.81%	-57.64%

Revenue by Geography

	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023
UNITED STATES	143.49M	126.42M	159.53M	236.86M	209.54M	192.84M	159.91M	178.09M	204.95M	243.24M
UNITED STATES Growth	-	-11.90%	26.19%	48.47%	-11.53%	-7.97%	-17.08%	11.37%	15.08%	18.68%
Foreign	129.37M	112.06M	172.34M	195.54M	209.9M	205.06M	168.64M	166.83M	185.24M	179.1M
Foreign Growth	-	-13.37%	53.78%	13.47%	7.34%	-2.30%	-17.76%	-1.07%	11.03%	-3.31%

Frequently Asked Questions

Valuation & Price

Ampco-Pittsburgh Corporation (AP) has a price-to-earnings (P/E) ratio of 262.7x. This suggests investors expect higher future growth.

Growth & Financials

Ampco-Pittsburgh Corporation (AP) reported $426.3M in revenue for fiscal year 2024. This represents a 24% increase from $344.8M in 2011.

Ampco-Pittsburgh Corporation (AP) saw revenue decline by 1.0% over the past year.

Ampco-Pittsburgh Corporation (AP) reported a net loss of $5.3M for fiscal year 2024.

Dividend & Returns

Ampco-Pittsburgh Corporation (AP) has a return on equity (ROE) of 0.6%. This is below average, suggesting room for improvement.

Ampco-Pittsburgh Corporation (AP) had negative free cash flow of $4.3M in fiscal year 2024, likely due to heavy capital investments.