Climb Global Solutions, Inc. (CLMB) 10-Year Financial Performance & Capital Metrics

CLMB • • Industrial / General

TechnologyTech DistributorsIT Solutions & Value-Added DistributionSpecialized Software & Hardware Distributors

AboutClimb Global Solutions Inc. operates as a value-added information technology (IT) distribution and solutions company in the United States, Canada, Europe, the United Kingdom, and internationally. It operates in two segments, Distribution and Solutions. The company distributes technical software and hardware to corporate and value added resellers, consultants, and systems integrators under the names Climb Channel Solutions and Sigma Software Distribution; and software, hardware, and services under the names TechXtend and Grey Matter. It also resells computer software and hardware developed by others, as well as provides technical services to end user customers. In addition, the company offers a line of products from various software vendors; and tools for virtualization/cloud computing, security, networking, storage and infrastructure management, application lifecycle management, and other technically sophisticated domains, as well as computer hardware. Climb Global Solutions Inc. markets its products through its own web sites, local and on-line seminars, events, webinars, and social media, as well as direct email and printed materials. It provides IT distribution and solutions for companies in the security, data management, cloud, connectivity, storage and HCI, virtualization, and software and ALM industries. The company was formerly known as Wayside Technology Group, Inc. and changed its name to Climb Global Solutions Inc. in October 2022. Climb Global Solutions Inc. was incorporated in 1982 and is headquartered in Eatontown, New Jersey.Show more

Revenue $466M +32.3%
EBITDA $33M +66.4%
Net Income $19M +51.0%
EPS (Diluted) 4.06 +48.7%
Gross Margin 19.56% +7.2%
EBITDA Margin 7.02% +25.8%
Operating Margin 6.01% +28.3%
Net Margin 4% +14.2%
ROE 22.51% +23.6%
ROIC 39.99% +37.5%
Debt/Equity 0.03 -2.7%
Interest Coverage -

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Company is almost debt free
✓Excellent 3Y average ROE of 20.8%
✓Strong 5Y profit CAGR of 22.4%
✓High quality earnings: Operating CF exceeds net income
✓Strong 5Y sales CAGR of 17.4%

✗Weaknesses

No significant weaknesses identified

Price & Volume

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Growth Metrics

Revenue CAGR

10Y3.17%

5Y17.4%

3Y18.11%

TTM51.09%

Profit (Net Income) CAGR

10Y12.44%

5Y22.35%

3Y26.48%

TTM28.34%

EPS CAGR

10Y12.68%

5Y21.87%

3Y24.77%

TTM25.34%

ROCE

10Y Avg20.89%

5Y Avg22.92%

3Y Avg26.82%

Latest30.76%

Peer Comparison

Specialized Software & Hardware Distributors

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
CLMBClimb Global Solutions, Inc.	588.26M	127.51	31.41	32.27%	3.41%	19.37%	4.81%	0.03

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	382.09M	418.13M	449.38M	181.44M	208.76M	251.57M	282.58M	304.35M	352.01M	465.61M
Revenue Growth %	0.12%	0.09%	0.07%	-0.6%	0.15%	0.21%	0.12%	0.08%	0.16%	0.32%
Cost of Goods Sold+	355.52M	390.8M	422.3M	154.52M	178.79M	218.53M	236.87M	252.31M	287.77M	374.53M
COGS % of Revenue	0.93%	0.93%	0.94%	0.85%	0.86%	0.87%	0.84%	0.83%	0.82%	0.8%
Gross Profit+	26.57M	27.33M	27.08M	26.92M	29.97M	33.04M	45.72M	52.04M	64.25M	91.08M
Gross Margin %	0.07%	0.07%	0.06%	0.15%	0.14%	0.13%	0.16%	0.17%	0.18%	0.2%
Gross Profit Growth %	0.07%	0.03%	-0.01%	-0.01%	0.11%	0.1%	0.38%	0.14%	0.23%	0.42%
Operating Expenses+	18.06M	18.71M	19.26M	20.32M	21.5M	27.74M	33.66M	34.14M	47.76M	63.09M
OpEx % of Revenue	0.05%	0.04%	0.04%	0.11%	0.1%	0.11%	0.12%	0.11%	0.14%	0.14%
Selling, General & Admin	18.06M	18.71M	19.26M	20.32M	21.01M	25.52M	32.14M	34.14M	44.33M	56.51M
SG&A % of Revenue	0.05%	0.04%	0.04%	0.11%	0.1%	0.1%	0.11%	0.11%	0.13%	0.12%
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	0	0	0	0	487K	2.22M	1.53M	0	3.43M	6.58M
Operating Income+	8.51M	8.62M	7.81M	4.16M	8.47M	5.3M	12.05M	17.9M	16.49M	27.99M
Operating Margin %	0.02%	0.02%	0.02%	0.02%	0.04%	0.02%	0.04%	0.06%	0.05%	0.06%
Operating Income Growth %	0.03%	0.01%	-0.09%	-0.47%	1.04%	-0.37%	1.27%	0.49%	-0.08%	0.7%
EBITDA+	8.76M	8.91M	8.29M	4.64M	9.32M	6.02M	14.05M	20.38M	19.65M	32.7M
EBITDA Margin %	0.02%	0.02%	0.02%	0.03%	0.04%	0.02%	0.05%	0.07%	0.06%	0.07%
EBITDA Growth %	0.03%	0.02%	-0.07%	-0.44%	1.01%	-0.35%	1.34%	0.45%	-0.04%	0.66%
D&A (Non-Cash Add-back)	253K	296K	477K	482K	858K	713K	2M	2.48M	3.16M	4.71M
EBIT	8.51M	8.62M	7.81M	6.6M	8.47M	6.82M	12.05M	16.53M	17.12M	30.3M
Net Interest Income+	368K	318K	699K	907K	500K	121K	359K	159K	927K	917K
Interest Income	368K	318K	699K	907K	500K	73K	372K	121K	927K	917K
Interest Expense	0	0	0	0	0	116K	68K	71K	0	0
Other Income/Expense	348K	317K	740K	962K	582K	917K	313K	-1.36M	291K	-2.97M
Pretax Income+	8.86M	8.93M	8.55M	5.12M	9.05M	6.22M	12.36M	16.53M	16.78M	25.02M
Pretax Margin %	0.02%	0.02%	0.02%	0.03%	0.04%	0.02%	0.04%	0.05%	0.05%	0.05%
Income Tax+	3.03M	3.03M	3.49M	1.58M	2.26M	1.75M	3.17M	4.04M	4.46M	6.41M
Effective Tax Rate %	0.66%	0.66%	0.59%	0.69%	0.75%	0.72%	0.74%	0.74%	0.73%	0.74%
Net Income+	5.83M	5.9M	5.06M	3.54M	6.79M	4.47M	9.2M	12.18M	12.32M	18.61M
Net Margin %	0.02%	0.01%	0.01%	0.02%	0.03%	0.02%	0.03%	0.04%	0.04%	0.04%
Net Income Growth %	0.01%	0.01%	-0.14%	-0.3%	0.92%	-0.34%	1.06%	0.32%	0.01%	0.51%
Net Income (Continuing)	5.83M	5.9M	5.06M	3.54M	6.79M	4.47M	9.2M	12.5M	12.32M	18.61M
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)+	1.25	1.25	1.13	0.81	1.51	1.01	2.09	2.81	2.73	4.06
EPS Growth %	0.02%	0%	-0.1%	-0.28%	0.86%	-0.33%	1.07%	0.34%	-0.03%	0.49%
EPS (Basic)	1.26	1.25	1.13	0.81	1.51	1.01	2.09	2.81	2.73	4.06
Diluted Shares Outstanding	4.65M	4.5M	4.3M	4.36M	4.42M	4.29M	4.27M	4.33M	4.4M	4.46M
Basic Shares Outstanding	4.63M	4.5M	4.3M	4.36M	4.42M	4.29M	4.27M	4.33M	4.4M	4.46M
Dividend Payout Ratio	0.56%	0.54%	0.6%	0.87%	0.45%	0.67%	0.33%	0.25%	0.24%	0.16%

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+	85.99M	100.11M	93.09M	102.87M	121.55M	133.18M	159.33M	184.64M	269.06M	380.7M
Cash & Short-Term Investments	23.82M	13.52M	5.53M	14.88M	14.98M	29.35M	29.27M	20.25M	36.3M	29.78M
Cash Only	23.82M	13.52M	5.53M	14.88M	14.98M	29.35M	29.27M	20.25M	36.3M	29.78M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	58.97M	83.77M	78.18M	81.35M	100.99M	93.82M	122.5M	154.6M	222.27M	341.6M
Days Sales Outstanding	56.33	73.12	63.5	163.65	176.57	136.12	158.23	185.4	230.47	267.79
Inventory	1.95M	2.32M	2.79M	1.47M	2.76M	4.94M	2.02M	4.77M	3.74M	2.45M
Days Inventory Outstanding	2.01	2.17	2.41	3.48	5.63	8.24	3.12	6.89	4.75	2.38
Other Current Assets	0	948K	6.84M	1.99M	2.72M	3.84M	4.87M	4.14M	6.75M	6.87M
Total Non-Current Assets+	8.09M	13.59M	9.63M	5.1M	4.73M	32.36M	31.42M	47.22M	66.04M	88.48M
Property, Plant & Equipment	362K	1.94M	1.83M	1.59M	3.01M	4.24M	3.56M	4.75M	9.73M	14.82M
Fixed Asset Turnover	1055.50x	215.87x	245.83x	114.26x	69.42x	59.32x	79.38x	64.07x	36.19x	31.42x
Goodwill	0	0	0	0	0	16.82M	17.19M	18.96M	27.18M	34.92M
Intangible Assets	0	0	0	0	0	10.63M	9.95M	19.69M	26.93M	36.55M
Long-Term Investments	7.39M	0	7.44M	0	0	304K	78K	3.11M	0	1.17M
Other Non-Current Assets	7.47M	11.23M	7.67M	3.37M	1.47M	257K	459K	350K	1.87M	824K
Total Assets+	94.08M	113.7M	102.72M	107.97M	126.28M	165.53M	190.75M	231.86M	335.1M	469.18M
Asset Turnover	4.06x	3.68x	4.37x	1.68x	1.65x	1.52x	1.48x	1.31x	1.05x	0.99x
Asset Growth %	-0.01%	0.21%	-0.1%	0.05%	0.17%	0.31%	0.15%	0.22%	0.45%	0.4%
Total Current Liabilities+	55.42M	76.09M	64.01M	66.65M	78.75M	117.18M	134.75M	161.69M	250.64M	371.61M
Accounts Payable	52.81M	72.09M	60.08M	62.75M	73.31M	107.05M	125.91M	151.18M	218.72M	331.65M
Days Payables Outstanding	54.22	67.33	51.92	148.22	149.66	178.79	194.02	218.7	277.42	323.22
Short-Term Debt	0	0	0	0	0	490K	475K	520K	540K	560K
Deferred Revenue (Current)	0	0	0	0	0	0	0	0	0	0
Other Current Liabilities	0	0	0	0	0	9.65M	8.36M	1.01M	0	0
Current Ratio	1.55x	1.32x	1.45x	1.54x	1.54x	1.14x	1.18x	1.14x	1.07x	1.02x
Quick Ratio	1.52x	1.29x	1.41x	1.52x	1.51x	1.09x	1.17x	1.11x	1.06x	1.02x
Cash Conversion Cycle	4.12	7.96	13.99	18.9	32.54	-34.42	-32.67	-26.4	-42.2	-53.05
Total Non-Current Liabilities+	0	0	781K	745K	2.28M	3.63M	3.59M	9.59M	9.69M	6.98M
Long-Term Debt	0	0	0	0	0	0	0	1.29M	752K	191K
Capital Lease Obligations	0	0	0	0	2.19M	2.17M	1.81M	1.3M	879K	1.69M
Deferred Tax Liabilities	0	0	0	0	0	1.47M	1.78M	4.14M	5.55M	4.72M
Other Non-Current Liabilities	0	0	781K	745K	89K	0	0	2.87M	2.5M	381K
Total Liabilities	55.42M	76.09M	64.01M	67.4M	81.03M	120.82M	138.34M	171.28M	260.33M	378.59M
Total Debt+	0	0	0	0	2.57M	2.66M	2.29M	3.63M	2.62M	3.09M
Net Debt	-23.82M	-13.52M	-5.53M	-14.88M	-12.41M	-26.69M	-26.99M	-16.62M	-33.67M	-26.69M
Debt / Equity	-	-	-	-	0.06x	0.06x	0.04x	0.06x	0.04x	0.03x
Debt / EBITDA	-	-	-	-	0.28x	0.44x	0.16x	0.18x	0.13x	0.09x
Net Debt / EBITDA	-2.72x	-1.52x	-0.67x	-3.21x	-1.33x	-4.44x	-1.92x	-0.82x	-1.71x	-0.82x
Interest Coverage	-	-	-	-	-	45.72x	177.22x	252.06x	-	-
Total Equity+	38.66M	37.61M	38.71M	40.57M	45.26M	44.72M	52.42M	60.57M	74.77M	90.59M
Equity Growth %	-0.02%	-0.03%	0.03%	0.05%	0.12%	-0.01%	0.17%	0.16%	0.23%	0.21%
Book Value per Share	8.31	8.35	9.00	9.31	10.24	10.43	12.27	13.99	16.99	20.29
Total Shareholders' Equity	38.66M	37.61M	38.71M	40.57M	45.26M	44.72M	52.42M	60.57M	74.77M	90.59M
Common Stock	53K	53K	53K	53K	53K	53K	53K	53K	53K	53K
Retained Earnings	17.81M	20.52M	22.52M	22.99M	26.71M	28.19M	34.4M	43.9M	53.22M	68.79M
Treasury Stock	-10.3M	-12.03M	-14.21M	-13.45M	-13.26M	-14.75M	-13.87M	-13.23M	-12.62M	-13.34M
Accumulated OCI	-1.45M	-1.61M	-913K	-1.42M	-1.13M	-742K	-250K	-2.87M	-522K	-2.89M
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+	8.19M	-516K	-2.02M	13.9M	3.25M	37.97M	4.71M	4.56M	42.12M	33.74M
Operating CF Margin %	0.02%	-0%	-0%	0.08%	0.02%	0.15%	0.02%	0.01%	0.12%	0.07%
Operating CF Growth %	0.42%	-1.06%	-2.92%	7.88%	-0.77%	10.69%	-0.88%	-0.03%	8.24%	-0.2%
Net Income	5.83M	5.9M	5.06M	3.54M	6.79M	4.47M	9.2M	12.5M	12.32M	18.61M
Depreciation & Amortization	253K	296K	477K	482K	858K	1.1M	2M	2.49M	3.16M	4.71M
Stock-Based Compensation	1.21M	1.67M	1.51M	2.77M	759K	1.28M	1.55M	1.9M	4.15M	4.07M
Deferred Taxes	-43K	105K	278K	-7K	-111K	-170K	228K	-535K	-383K	-500K
Other Non-Cash Items	13K	-61K	-95K	-927K	-454K	13K	-29K	-90K	4K	3.71M
Working Capital Changes	919K	-8.43M	-9.26M	8.05M	-4.59M	31.27M	-8.23M	-11.7M	22.87M	3.15M
Change in Receivables	1.08M	-27.94M	10.71M	1.54M	-17.13M	26.73M	-28.58M	-35.83M	-29.62M	-123.97M
Change in Inventory	-481K	-361K	-461K	1.31M	-1.28M	-2M	2.91M	-2.75M	3.6M	1.2M
Change in Payables	250K	19.9M	-12.66M	5.23M	13.65M	6.72M	17.65M	25.41M	49.67M	126.86M
Cash from Investing+	-200K	-1.04M	-359K	-266K	-106K	-16.8M	-258K	-11.01M	-17.67M	-26.43M
Capital Expenditures	-200K	-1.04M	-359K	-266K	-106K	-23K	-258K	-2.5M	-4.99M	-5.47M
CapEx % of Revenue	0%	0%	0%	0%	0%	0%	0%	0.01%	0.01%	0.01%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	0	0	0	0	0	0	0	0	0	0
Cash from Financing+	-7.09M	-8.46M	-6.01M	-4.11M	-3.15M	-6.74M	-4.4M	-1.83M	-8.95M	-12.96M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	-3.24M	-3.2M	-3.06M	-3.07M	-3.07M	-3M	-2.99M	-2.99M	-3.01M	-3.04M
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	787K	141K	0	0	0	-61K	-862K	0	-637K	-3.56M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	7.99M	-1.56M	-2.38M	13.63M	3.14M	37.95M	4.45M	2.06M	37.13M	28.27M
FCF Margin %	0.02%	-0%	-0.01%	0.08%	0.02%	0.15%	0.02%	0.01%	0.11%	0.06%
FCF Growth %	0.47%	-1.19%	-0.53%	6.73%	-0.77%	11.07%	-0.88%	-0.54%	17.03%	-0.24%
FCF per Share	1.72	-0.35	-0.55	3.13	0.71	8.85	1.04	0.48	8.44	6.33
FCF Conversion (FCF/Net Income)	1.40x	-0.09x	-0.40x	3.93x	0.48x	8.49x	0.51x	0.37x	3.42x	1.81x
Interest Paid	0	0	0	0	47K	49K	43K	50K	180K	212K
Taxes Paid	3.19M	2.56M	2.44M	2.34M	2.39M	2.42M	2.7M	4.28M	5.43M	4.07M

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	14.91%	15.47%	13.26%	8.92%	15.82%	9.95%	18.94%	21.56%	18.21%	22.51%
Return on Invested Capital (ROIC)	40.81%	33.2%	20.46%	10.59%	21.7%	15.64%	41.6%	38.69%	29.08%	39.99%
Gross Margin	6.95%	6.54%	6.03%	14.84%	14.35%	13.13%	16.18%	17.1%	18.25%	19.56%
Net Margin	1.53%	1.41%	1.13%	1.95%	3.25%	1.78%	3.26%	4%	3.5%	4%
Debt / Equity	-	-	-	-	0.06x	0.06x	0.04x	0.06x	0.04x	0.03x
Interest Coverage	-	-	-	-	-	45.72x	177.22x	252.06x	-	-
FCF Conversion	1.40x	-0.09x	-0.40x	3.93x	0.48x	8.49x	0.51x	0.37x	3.42x	1.81x
Revenue Growth	12.13%	9.43%	7.47%	-59.62%	15.05%	20.51%	12.33%	7.7%	15.66%	32.27%

Revenue by Segment

	2022	2023
Distribution	282.51M	325.26M
Distribution Growth	-	15.13%
Solutions	21.84M	26.75M
Solutions Growth	-	22.49%

Frequently Asked Questions

Valuation & Price

Climb Global Solutions, Inc. (CLMB) has a price-to-earnings (P/E) ratio of 31.4x. This suggests investors expect higher future growth.

Growth & Financials

Climb Global Solutions, Inc. (CLMB) reported $620.4M in revenue for fiscal year 2024. This represents a 148% increase from $250.2M in 2011.

Climb Global Solutions, Inc. (CLMB) grew revenue by 32.3% over the past year. This is strong growth.

Yes, Climb Global Solutions, Inc. (CLMB) is profitable, generating $21.2M in net income for fiscal year 2024 (4.0% net margin).

Dividend & Returns

Yes, Climb Global Solutions, Inc. (CLMB) pays a dividend with a yield of 0.53%. This makes it attractive for income-focused investors.

Climb Global Solutions, Inc. (CLMB) has a return on equity (ROE) of 22.5%. This is excellent, indicating efficient use of shareholder capital.

Climb Global Solutions, Inc. (CLMB) generated $40.9M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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