Daktronics, Inc. (DAKT) 10-Year Financial Performance & Capital Metrics

DAKT • • Industrial / General

TechnologyTech Hardware & EquipmentDisplay & Visualization SystemsElectronic Displays & Signage

AboutDaktronics, Inc. designs, manufactures, markets, and sells electronic display systems and related products worldwide. It operates through five segments: Commercial, Live Events, High School Park and Recreation, Transportation, and International. The company offers video display systems, such as displays to show various levels of video, graphics, and animation; indoor and outdoor light emitting diodes (LED) video displays, including centerhung, landmark, ribbon board, and corporate office entrance displays, as well as video walls and hanging banners; mobile and modular display systems; architectural lighting and display products; indoor and outdoor scoreboards for various sports, digit displays, scoring and timing controllers, statistics software, and other related products; and timing systems for sports events primarily aquatics and track competitions, as well as swimming touchpads, race start systems, and relay take-off platforms. It also provides control components for video displays in live event applications; message displays; ITS dynamic message signs, including LED displays for road management; mass transit displays; and sound systems for indoor and outdoor sports venues. In addition, the company offers out-of-home advertising displays comprising digital billboards and street furniture displays; DataTime product line that consists of outdoor time and temperature displays; and Fuelight digit displays designed for the petroleum industry. Further, it provides ADFLOW DMS systems that include indoor networked solutions for retailers, convenience stores, and other businesses; and Venus Control Suite, Show Control, Vanguard, and others, as well as maintenance and professional services related to its products. The company sells its products through direct sales and resellers. Daktronics, Inc. was founded in 1968 and is headquartered in Brookings, South Dakota.Show more

Revenue $756M -7.5%
EBITDA $53M -49.8%
Net Income -$10M -129.2%
EPS (Diluted) -0.21 -128.4%
Gross Margin 25.84% -5.0%
EBITDA Margin 6.96% -45.7%
Operating Margin 4.38% -58.9%
Net Margin -1.34% -131.6%
ROE -3.96% -125.2%
ROIC 13.23% -58.6%
Debt/Equity 0.06 -74.0%
Interest Coverage 7.38 -58.1%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Company is almost debt free
✓Efficient asset utilization: 1.5x turnover

✗Weaknesses

✗Thin 5Y average net margin of 1.2%

Price & Volume

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Growth Metrics

Revenue CAGR

10Y2.08%

5Y4.43%

3Y7.38%

TTM-6.13%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM-75.2%

EPS CAGR

10Y-

5Y-

3Y-

TTM-65.21%

ROCE

10Y Avg7.24%

5Y Avg12.24%

3Y Avg17.29%

Latest9.94%

Peer Comparison

Electronic Displays & Signage

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
LYTSLSI Industries Inc.	617.81M	19.87	25.15	22.09%	4.21%	10.34%	5.61%	0.29
OSTOstin Technology Group Co., Ltd.	8.98M	1.70	-0.25	-43.57%	-27.7%	-364.93%		3.53
DAKTDaktronics, Inc.	1.07B	21.91	-104.33	-7.53%	0.96%	2.48%	7.32%	0.06

Profit & Loss

	Apr 2016	Apr 2017	Apr 2018	Apr 2019	Apr 2020	Apr 2021	Apr 2022	Apr 2023	Apr 2024	Apr 2025
Sales/Revenue+	570.17M	586.54M	610.53M	569.7M	608.93M	482.03M	610.97M	754.2M	818.08M	756.48M
Revenue Growth %	-0.07%	0.03%	0.04%	-0.07%	0.07%	-0.21%	0.27%	0.23%	0.08%	-0.08%
Cost of Goods Sold+	449.15M	446.12M	464.86M	439.41M	470.23M	361.45M	494.27M	602.84M	595.64M	560.99M
COGS % of Revenue	0.79%	0.76%	0.76%	0.77%	0.77%	0.75%	0.81%	0.8%	0.73%	0.74%
Gross Profit+	121.02M	140.41M	145.67M	130.29M	138.7M	120.58M	116.7M	151.35M	222.44M	195.49M
Gross Margin %	0.21%	0.24%	0.24%	0.23%	0.23%	0.25%	0.19%	0.2%	0.27%	0.26%
Gross Profit Growth %	-0.16%	0.16%	0.04%	-0.11%	0.06%	-0.13%	-0.03%	0.3%	0.47%	-0.12%
Operating Expenses+	118.52M	124.99M	133.21M	135.02M	138.87M	103.47M	112.65M	125.39M	135.33M	162.37M
OpEx % of Revenue	0.21%	0.21%	0.22%	0.24%	0.23%	0.21%	0.18%	0.17%	0.17%	0.21%
Selling, General & Admin	91.61M	95.91M	97.68M	99.47M	101.09M	76.63M	83.64M	95.4M	99.59M	123.51M
SG&A % of Revenue	0.16%	0.16%	0.16%	0.17%	0.17%	0.16%	0.14%	0.13%	0.12%	0.16%
Research & Development	26.91M	29.08M	35.53M	35.56M	37.77M	26.85M	29.01M	29.99M	35.74M	38.86M
R&D % of Revenue	0.05%	0.05%	0.06%	0.06%	0.06%	0.06%	0.05%	0.04%	0.04%	0.05%
Other Operating Expenses	-128K	-354K	-537K	-1.09M	-541K	0	0	0	0	0
Operating Income+	2.5M	15.42M	12.46M	-4.78M	97K	17.11M	4.05M	30.54M	87.11M	33.12M
Operating Margin %	0%	0.03%	0.02%	-0.01%	0%	0.04%	0.01%	0.04%	0.11%	0.04%
Operating Income Growth %	-0.92%	5.18%	-0.19%	-1.38%	1.02%	175.37%	-0.76%	6.55%	1.85%	-0.62%
EBITDA+	19.35M	33.98M	30.06M	13.94M	17.82M	34.19M	19.44M	47.53M	104.86M	52.66M
EBITDA Margin %	0.03%	0.06%	0.05%	0.02%	0.03%	0.07%	0.03%	0.06%	0.13%	0.07%
EBITDA Growth %	-0.58%	0.76%	-0.12%	-0.54%	0.28%	0.92%	-0.43%	1.45%	1.21%	-0.5%
D&A (Non-Cash Add-back)	16.86M	18.56M	17.6M	18.72M	17.73M	17.08M	15.39M	16.99M	17.74M	19.55M
EBIT	3.35M	15.42M	12.65M	-4.78M	-167K	17.11M	1.11M	25.96M	87.11M	-5.85M
Net Interest Income+	759K	521K	506K	871K	699K	-65K	171K	-920K	-3.42M	1.35M
Interest Income	987K	751K	723K	1.03M	805K	230K	171K	207K	1.53M	5.83M
Interest Expense	228K	230K	217K	160K	106K	295K	0	1.13M	4.95M	4.49M
Other Income/Expense	631K	167K	-31K	-216K	158K	-3.05M	-2.94M	-8.13M	-33.06M	-38.97M
Pretax Income+	3.13M	15.59M	12.43M	-4.94M	-9K	14.06M	1.11M	13.26M	54.05M	-5.85M
Pretax Margin %	0.01%	0.03%	0.02%	-0.01%	-0%	0.03%	0%	0.02%	0.07%	-0.01%
Income Tax+	1.06M	5.25M	6.87M	-3.99M	-500K	3.13M	516K	6.46M	19.43M	4.27M
Effective Tax Rate %	0.66%	0.66%	0.45%	0.19%	-54.56%	0.78%	0.53%	0.51%	0.64%	1.73%
Net Income+	2.06M	10.34M	5.56M	-958K	491K	10.93M	592K	6.8M	34.62M	-10.12M
Net Margin %	0%	0.02%	0.01%	-0%	0%	0.02%	0%	0.01%	0.04%	-0.01%
Net Income Growth %	-0.9%	4.02%	-0.46%	-1.17%	1.51%	21.25%	-0.95%	10.49%	4.09%	-1.29%
Net Income (Continuing)	2.06M	10.34M	5.56M	-958K	491K	10.93M	592K	6.8M	34.62M	-10.12M
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)+	0.05	0.23	0.12	-0.02	0.01	0.24	0.01	0.15	0.74	-0.21
EPS Growth %	-0.89%	3.6%	-0.48%	-1.18%	1.51%	21.22%	-0.95%	10.45%	3.93%	-1.28%
EPS (Basic)	0.05	0.23	0.13	-0.02	0.01	0.24	0.01	0.15	0.75	-0.21
Diluted Shares Outstanding	44.46M	44.3M	44.87M	44.93M	45.32M	45.2M	45.33M	45.52M	46.54M	47.59M
Basic Shares Outstanding	43.99M	44.11M	44.46M	44.93M	45.03M	44.99M	45.19M	45.4M	45.9M	47.59M
Dividend Payout Ratio	8.52%	1.32%	2.23%	-	18.32%	-	-	-	-	-

Balance Sheet

	Apr 2016	Apr 2017	Apr 2018	Apr 2019	Apr 2020	Apr 2021	Apr 2022	Apr 2023	Apr 2024	Apr 2025
Total Current Assets+	245.23M	257.73M	264.13M	253.67M	252M	265M	317.57M	342.66M	401.95M	381.45M
Cash & Short-Term Investments	53M	65.34M	64.25M	61.73M	41.63M	77.59M	21.16M	24.52M	81.3M	127.51M
Cash Only	28.33M	32.62M	29.73M	35.38M	40.4M	77.59M	17.14M	23.98M	81.3M	127.51M
Short-Term Investments	24.67M	32.71M	34.52M	26.34M	1.23M	0	4.02M	534K	0	0
Accounts Receivable	115.74M	118.13M	115.49M	102.58M	112.11M	102.8M	146.19M	158.31M	173.73M	139.59M
Days Sales Outstanding	74.09	73.51	69.05	65.72	67.2	77.84	87.33	76.62	77.51	67.35
Inventory	69.83M	66.49M	75.33M	78.83M	86.8M	74.36M	134.39M	149.45M	138.01M	105.84M
Days Inventory Outstanding	56.74	54.4	59.15	65.48	67.38	75.09	99.24	90.49	84.57	68.86
Other Current Assets	198K	216K	28K	2.22M	1.83M	2.81M	865K	10.38M	8.53M	8.52M
Total Non-Current Assets+	105.81M	97.71M	94.67M	95.54M	120.65M	110.16M	123.31M	125.45M	125.94M	121.44M
Property, Plant & Equipment	73.16M	66.75M	68.06M	65.31M	67.48M	58.68M	66.77M	72.15M	71.75M	73.88M
Fixed Asset Turnover	7.79x	8.79x	8.97x	8.72x	9.02x	8.21x	9.15x	10.45x	11.40x	10.24x
Goodwill	9.21M	7.81M	8.26M	7.89M	7.74M	8.41M	7.93M	3.24M	3.23M	3.19M
Intangible Assets	7.72M	4.71M	3.68M	4.91M	3.35M	2.08M	1.47M	1.14M	840K	568K
Long-Term Investments	2.41M	4.53M	5.09M	5.05M	27.68M	27.4M	32.32M	27.93M	2.38M	1.03M
Other Non-Current Assets	3.87M	2.62M	1.64M	1.21M	1.11M	1.64M	1.49M	4.13M	21.88M	10.67M
Total Assets+	351.04M	355.43M	358.8M	349.22M	372.65M	375.16M	440.88M	468.1M	527.88M	502.89M
Asset Turnover	1.62x	1.65x	1.70x	1.63x	1.63x	1.28x	1.39x	1.61x	1.55x	1.50x
Asset Growth %	-0.07%	0.01%	0.01%	-0.03%	0.07%	0.01%	0.18%	0.06%	0.13%	-0.05%
Total Current Liabilities+	121.52M	130.59M	131.31M	134.07M	145.97M	146.62M	213.69M	210.16M	192.3M	172M
Accounts Payable	43.44M	51.5M	48.84M	44.87M	47.83M	40.25M	76.31M	67.52M	60.76M	46.67M
Days Payables Outstanding	35.3	42.13	38.35	37.27	37.13	40.65	56.35	40.88	37.23	30.36
Short-Term Debt	585K	1.41M	0	0	0	0	0	0	1.5M	1.5M
Deferred Revenue (Current)	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Liabilities	54.4M	37.46M	26.75M	25.3M	25.76M	25.72M	28.33M	28.51M	30.22M	52.37M
Current Ratio	2.02x	1.97x	2.01x	1.89x	1.73x	1.81x	1.49x	1.63x	2.09x	2.22x
Quick Ratio	1.44x	1.46x	1.44x	1.30x	1.13x	1.30x	0.86x	0.92x	1.37x	1.60x
Cash Conversion Cycle	95.53	85.78	89.85	93.93	97.45	112.28	130.22	126.22	124.85	105.85
Total Non-Current Liabilities+	28.46M	26.55M	29.88M	27.48M	49.71M	34.99M	35.62M	57.06M	96.8M	58.96M
Long-Term Debt	0	0	0	16.32M	0	0	0	17.75M	53.16M	10.49M
Capital Lease Obligations	0	0	0	0	0	0	0	0	0	2.77M
Deferred Tax Liabilities	754K	836K	614K	533K	452K	410K	287K	195K	143K	85K
Other Non-Current Liabilities	21.01M	20.28M	21.79M	578K	38.55M	23.86M	24.33M	26.02M	27.15M	27.19M
Total Liabilities	149.97M	157.15M	161.18M	161.55M	195.67M	181.61M	249.31M	267.23M	289.09M	230.96M
Total Debt+	585K	1.41M	1.09M	16.32M	2.42M	1.88M	2.31M	17.75M	56.65M	16.8M
Net Debt	-27.74M	-31.21M	-28.64M	-19.07M	-37.98M	-75.71M	-14.83M	-6.23M	-24.65M	-110.71M
Debt / Equity	0.00x	0.01x	0.01x	0.09x	0.01x	0.01x	0.01x	0.09x	0.24x	0.06x
Debt / EBITDA	0.03x	0.04x	0.04x	1.17x	0.14x	0.06x	0.12x	0.37x	0.54x	0.32x
Net Debt / EBITDA	-1.43x	-0.92x	-0.95x	-1.37x	-2.13x	-2.21x	-0.76x	-0.13x	-0.24x	-2.10x
Interest Coverage	10.94x	67.05x	57.42x	-29.90x	0.92x	57.99x	-	27.10x	17.61x	7.38x
Total Equity+	201.07M	198.29M	197.62M	187.66M	176.98M	193.55M	191.56M	200.88M	238.79M	271.93M
Equity Growth %	-0.05%	-0.01%	-0%	-0.05%	-0.06%	0.09%	-0.01%	0.05%	0.19%	0.14%
Book Value per Share	4.52	4.48	4.40	4.18	3.91	4.28	4.23	4.41	5.13	5.71
Total Shareholders' Equity	201.07M	198.29M	197.62M	187.66M	176.98M	193.55M	191.56M	200.88M	238.79M	271.93M
Common Stock	51.35M	52.53M	54.73M	57.7M	60.01M	60.58M	61.79M	63.02M	65.53M	0
Retained Earnings	117.28M	113.97M	107.11M	93.59M	85.09M	96.02M	96.61M	103.41M	138.03M	127.91M
Treasury Stock	-9K	-1.83M	-1.83M	-1.83M	-7.47M	-7.3M	-10.29M	-10.29M	-10.29M	-39.76M
Accumulated OCI	-2.9M	-4.38M	-2.71M	-4.36M	-5.28M	-2.33M	-4.92M	-5.53M	-6.53M	-6.16M
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Apr 2016	Apr 2017	Apr 2018	Apr 2019	Apr 2020	Apr 2021	Apr 2022	Apr 2023	Apr 2024	Apr 2025
Cash from Operations+	13.28M	39.57M	30.36M	29.55M	10.81M	66.21M	-27.04M	15.02M	63.24M	97.71M
Operating CF Margin %	0.02%	0.07%	0.05%	0.05%	0.02%	0.14%	-0.04%	0.02%	0.08%	0.13%
Operating CF Growth %	-0.75%	1.98%	-0.23%	-0.03%	-0.63%	5.13%	-1.41%	1.56%	3.21%	0.55%
Net Income	2.06M	10.34M	5.56M	-958K	491K	10.93M	592K	6.8M	34.62M	-10.12M
Depreciation & Amortization	16.86M	18.56M	17.78M	18.64M	17.72M	17.08M	15.39M	16.99M	19.29M	19.55M
Stock-Based Compensation	2.96M	2.91M	2.63M	2.48M	2.27M	2.07M	1.97M	2.03M	2.09M	2.94M
Deferred Taxes	911K	-2.04M	3.15M	-3.38M	-2.18M	1.31M	-1.55M	-3.63M	-9.07M	-6.3M
Other Non-Cash Items	375K	2.29M	-631K	883K	607K	3.1M	1.94M	12.7M	30.44M	40.25M
Working Capital Changes	-9.89M	7.51M	1.86M	11.89M	-8.09M	31.73M	-45.38M	-19.86M	-14.13M	51.39M
Change in Receivables	3.79M	-2.72M	2.27M	10.86M	-10.03M	4.86M	-33.88M	-10.42M	0	34.52M
Change in Inventory	-5.1M	3.58M	-8.52M	-4.08M	-8.35M	13.9M	-61.16M	-15.06M	10.86M	32.54M
Change in Payables	-9.93M	5.54M	-2.57M	-2.75M	2.38M	-7.08M	33M	-5.34M	-7.12M	-14.12M
Cash from Investing+	-23.82M	-18.36M	-19.56M	-11.84M	-4.27M	-10.22M	-31.38M	-25.39M	-21.31M	-23.78M
Capital Expenditures	-17.06M	-8.69M	-18.13M	-17.27M	-18.09M	-7.89M	-20.38M	-25.39M	-16.98M	-19.49M
CapEx % of Revenue	0.03%	0.01%	0.03%	0.03%	0.03%	0.02%	0.03%	0.03%	0.02%	0.03%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	152K	199K	2.18M	607K	11.99M	9.93M	885K	-3.49M	-4.88M	-4.29M
Cash from Financing+	-17.45M	-16.32M	-13.26M	-11.93M	-1.98M	-15.59M	-3.58M	17.57M	15.12M	-27.45M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	-17.56M	-13.65M	-12.42M	-12.55M	-8.99M	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	613K	-261K	208K	1.07M	-199K	-125K	-200K	-970K	-5.9M	-606K
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	-3.78M	30.89M	12.23M	12.28M	-7.28M	58.32M	-47.41M	-10.36M	46.26M	78.22M
FCF Margin %	-0.01%	0.05%	0.02%	0.02%	-0.01%	0.12%	-0.08%	-0.01%	0.06%	0.1%
FCF Growth %	-1.12%	9.17%	-0.6%	0%	-1.59%	9.01%	-1.81%	0.78%	5.46%	0.69%
FCF per Share	-0.09	0.70	0.27	0.27	-0.16	1.29	-1.05	-0.23	0.99	1.64
FCF Conversion (FCF/Net Income)	6.44x	3.83x	5.46x	-30.84x	22.01x	6.06x	-45.67x	2.21x	1.83x	-9.65x
Interest Paid	0	228K	193K	0	46K	264K	16K	1.07M	2.86M	3.07M
Taxes Paid	0	3.2M	8.94M	0	977K	2.56M	1.95M	7.49M	26.45M	17.81M

Key Ratios

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Return on Equity (ROE)	1%	5.18%	2.81%	-0.5%	0.27%	5.9%	0.31%	3.47%	15.75%	-3.96%
Return on Invested Capital (ROIC)	1.14%	6.8%	5.56%	-2.13%	0.05%	9.99%	2.06%	12.34%	31.97%	13.23%
Gross Margin	21.23%	23.94%	23.86%	22.87%	22.78%	25.02%	19.1%	20.07%	27.19%	25.84%
Net Margin	0.36%	1.76%	0.91%	-0.17%	0.08%	2.27%	0.1%	0.9%	4.23%	-1.34%
Debt / Equity	0.00x	0.01x	0.01x	0.09x	0.01x	0.01x	0.01x	0.09x	0.24x	0.06x
Interest Coverage	10.94x	67.05x	57.42x	-29.90x	0.92x	57.99x	-	27.10x	17.61x	7.38x
FCF Conversion	6.44x	3.83x	5.46x	-30.84x	22.01x	6.06x	-45.67x	2.21x	1.83x	-9.65x
Revenue Growth	-7.43%	2.87%	4.09%	-6.69%	6.89%	-20.84%	26.75%	23.44%	8.47%	-7.53%

Revenue by Segment

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Unique Configuration	-	-	-	-	-	-	-	-	-	422.62M
Unique Configuration Growth	-	-	-	-	-	-	-	-	-	-
Limited Configuration	-	-	-	-	-	-	-	-	-	327.45M
Limited Configuration Growth	-	-	-	-	-	-	-	-	-	-
Service and Other	-	-	-	-	-	-	-	-	-	68.01M
Service and Other Growth	-	-	-	-	-	-	-	-	-	-
Product	-	-	-	-	-	-	250.74M	471.59M	400.74M	-
Product Growth	-	-	-	-	-	-	-	88.08%	-15.02%	-
Service	-	-	-	-	-	-	52.8M	61.75M	61.3M	-
Service Growth	-	-	-	-	-	-	-	16.95%	-0.73%	-
Service-type Warranty Contracts	-	-	-	-	-	-	-	40.61M	42.13M	-
Service-type Warranty Contracts Growth	-	-	-	-	-	-	-	-	3.74%	-
Live Events	231.88M	-	213.98M	236.33M	170.95M	196.59M	-	-	-	-
Live Events Growth	-	-	-	10.45%	-27.66%	15.00%	-	-	-	-
Commercial	-	-	-	-	148.83M	152.63M	-	-	-	-
Commercial Growth	-	-	-	-	-	2.55%	-	-	-	-
High School Park and Recreation	-	-	82.8M	-	91.19M	96.41M	-	-	-	-
High School Park and Recreation Growth	-	-	-	-	-	5.73%	-	-	-	-
International	-	-	89.26M	92.46M	94.34M	93.16M	-	-	-	-
International Growth	-	-	-	3.58%	2.04%	-1.25%	-	-	-	-
Transportation	48.33M	-	52.43M	59.58M	64.39M	70.14M	-	-	-	-
Transportation Growth	-	-	-	13.64%	8.08%	8.93%	-	-	-	-
Commerical	165.79M	148.26M	-	134.53M	-	-	-	-	-	-
Commerical Growth	-	-10.57%	-	-	-	-	-	-	-	-

Revenue by Geography

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
UNITED STATES	494.86M	465.6M	479.85M	502.7M	460.1M	504.93M	-	513.74M	661.31M	744.42M
UNITED STATES Growth	-	-5.91%	3.06%	4.76%	-8.47%	9.74%	-	-	28.73%	12.57%
Non-US	-	-	-	107.83M	109.61M	104M	-	97.23M	92.88M	73.66M
Non-US Growth	-	-	-	-	1.65%	-5.11%	-	-	-4.47%	-20.69%
Outside United States	121.08M	104.57M	106.69M	-	-	-	-	-	-	-
Outside United States Growth	-	-13.64%	2.03%	-	-	-	-	-	-	-

Frequently Asked Questions

Growth & Financials

Daktronics, Inc. (DAKT) reported $770.3M in revenue for fiscal year 2025. This represents a 57% increase from $489.5M in 2012.

Daktronics, Inc. (DAKT) saw revenue decline by 7.5% over the past year.

Yes, Daktronics, Inc. (DAKT) is profitable, generating $7.4M in net income for fiscal year 2025 (-1.3% net margin).

Dividend & Returns

Daktronics, Inc. (DAKT) has a return on equity (ROE) of -4.0%. Negative ROE indicates the company is unprofitable.

Daktronics, Inc. (DAKT) generated $61.7M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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Daktronics, Inc. (DAKT) 10-Year Financial Performance & Capital Metrics

DAKT • • Industrial / General

TechnologyTech Hardware & EquipmentDisplay & Visualization SystemsElectronic Displays & Signage

Revenue $756M -7.5%
EBITDA $53M -49.8%
Net Income -$10M -129.2%
EPS (Diluted) -0.21 -128.4%
Gross Margin 25.84% -5.0%
EBITDA Margin 6.96% -45.7%
Operating Margin 4.38% -58.9%
Net Margin -1.34% -131.6%
ROE -3.96% -125.2%
ROIC 13.23% -58.6%
Debt/Equity 0.06 -74.0%
Interest Coverage 7.38 -58.1%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Company is almost debt free
✓Efficient asset utilization: 1.5x turnover

✗Weaknesses

✗Thin 5Y average net margin of 1.2%

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y2.08%

5Y4.43%

3Y7.38%

TTM-6.13%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM-75.2%

EPS CAGR

10Y-

5Y-

3Y-

TTM-65.21%

ROCE

10Y Avg7.24%

5Y Avg12.24%

3Y Avg17.29%

Latest9.94%

Peer Comparison

Electronic Displays & Signage

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
LYTSLSI Industries Inc.	617.81M	19.87	25.15	22.09%	4.21%	10.34%	5.61%	0.29
OSTOstin Technology Group Co., Ltd.	8.98M	1.70	-0.25	-43.57%	-27.7%	-364.93%		3.53
DAKTDaktronics, Inc.	1.07B	21.91	-104.33	-7.53%	0.96%	2.48%	7.32%	0.06

Profit & Loss

	Apr 2016	Apr 2017	Apr 2018	Apr 2019	Apr 2020	Apr 2021	Apr 2022	Apr 2023	Apr 2024	Apr 2025
Sales/Revenue+	570.17M	586.54M	610.53M	569.7M	608.93M	482.03M	610.97M	754.2M	818.08M	756.48M
Revenue Growth %	-0.07%	0.03%	0.04%	-0.07%	0.07%	-0.21%	0.27%	0.23%	0.08%	-0.08%
Cost of Goods Sold+	449.15M	446.12M	464.86M	439.41M	470.23M	361.45M	494.27M	602.84M	595.64M	560.99M
COGS % of Revenue	0.79%	0.76%	0.76%	0.77%	0.77%	0.75%	0.81%	0.8%	0.73%	0.74%
Gross Profit+	121.02M	140.41M	145.67M	130.29M	138.7M	120.58M	116.7M	151.35M	222.44M	195.49M
Gross Margin %	0.21%	0.24%	0.24%	0.23%	0.23%	0.25%	0.19%	0.2%	0.27%	0.26%
Gross Profit Growth %	-0.16%	0.16%	0.04%	-0.11%	0.06%	-0.13%	-0.03%	0.3%	0.47%	-0.12%
Operating Expenses+	118.52M	124.99M	133.21M	135.02M	138.87M	103.47M	112.65M	125.39M	135.33M	162.37M
OpEx % of Revenue	0.21%	0.21%	0.22%	0.24%	0.23%	0.21%	0.18%	0.17%	0.17%	0.21%
Selling, General & Admin	91.61M	95.91M	97.68M	99.47M	101.09M	76.63M	83.64M	95.4M	99.59M	123.51M
SG&A % of Revenue	0.16%	0.16%	0.16%	0.17%	0.17%	0.16%	0.14%	0.13%	0.12%	0.16%
Research & Development	26.91M	29.08M	35.53M	35.56M	37.77M	26.85M	29.01M	29.99M	35.74M	38.86M
R&D % of Revenue	0.05%	0.05%	0.06%	0.06%	0.06%	0.06%	0.05%	0.04%	0.04%	0.05%
Other Operating Expenses	-128K	-354K	-537K	-1.09M	-541K	0	0	0	0	0
Operating Income+	2.5M	15.42M	12.46M	-4.78M	97K	17.11M	4.05M	30.54M	87.11M	33.12M
Operating Margin %	0%	0.03%	0.02%	-0.01%	0%	0.04%	0.01%	0.04%	0.11%	0.04%
Operating Income Growth %	-0.92%	5.18%	-0.19%	-1.38%	1.02%	175.37%	-0.76%	6.55%	1.85%	-0.62%
EBITDA+	19.35M	33.98M	30.06M	13.94M	17.82M	34.19M	19.44M	47.53M	104.86M	52.66M
EBITDA Margin %	0.03%	0.06%	0.05%	0.02%	0.03%	0.07%	0.03%	0.06%	0.13%	0.07%
EBITDA Growth %	-0.58%	0.76%	-0.12%	-0.54%	0.28%	0.92%	-0.43%	1.45%	1.21%	-0.5%
D&A (Non-Cash Add-back)	16.86M	18.56M	17.6M	18.72M	17.73M	17.08M	15.39M	16.99M	17.74M	19.55M
EBIT	3.35M	15.42M	12.65M	-4.78M	-167K	17.11M	1.11M	25.96M	87.11M	-5.85M
Net Interest Income+	759K	521K	506K	871K	699K	-65K	171K	-920K	-3.42M	1.35M
Interest Income	987K	751K	723K	1.03M	805K	230K	171K	207K	1.53M	5.83M
Interest Expense	228K	230K	217K	160K	106K	295K	0	1.13M	4.95M	4.49M
Other Income/Expense	631K	167K	-31K	-216K	158K	-3.05M	-2.94M	-8.13M	-33.06M	-38.97M
Pretax Income+	3.13M	15.59M	12.43M	-4.94M	-9K	14.06M	1.11M	13.26M	54.05M	-5.85M
Pretax Margin %	0.01%	0.03%	0.02%	-0.01%	-0%	0.03%	0%	0.02%	0.07%	-0.01%
Income Tax+	1.06M	5.25M	6.87M	-3.99M	-500K	3.13M	516K	6.46M	19.43M	4.27M
Effective Tax Rate %	0.66%	0.66%	0.45%	0.19%	-54.56%	0.78%	0.53%	0.51%	0.64%	1.73%
Net Income+	2.06M	10.34M	5.56M	-958K	491K	10.93M	592K	6.8M	34.62M	-10.12M
Net Margin %	0%	0.02%	0.01%	-0%	0%	0.02%	0%	0.01%	0.04%	-0.01%
Net Income Growth %	-0.9%	4.02%	-0.46%	-1.17%	1.51%	21.25%	-0.95%	10.49%	4.09%	-1.29%
Net Income (Continuing)	2.06M	10.34M	5.56M	-958K	491K	10.93M	592K	6.8M	34.62M	-10.12M
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)+	0.05	0.23	0.12	-0.02	0.01	0.24	0.01	0.15	0.74	-0.21
EPS Growth %	-0.89%	3.6%	-0.48%	-1.18%	1.51%	21.22%	-0.95%	10.45%	3.93%	-1.28%
EPS (Basic)	0.05	0.23	0.13	-0.02	0.01	0.24	0.01	0.15	0.75	-0.21
Diluted Shares Outstanding	44.46M	44.3M	44.87M	44.93M	45.32M	45.2M	45.33M	45.52M	46.54M	47.59M
Basic Shares Outstanding	43.99M	44.11M	44.46M	44.93M	45.03M	44.99M	45.19M	45.4M	45.9M	47.59M
Dividend Payout Ratio	8.52%	1.32%	2.23%	-	18.32%	-	-	-	-	-

Balance Sheet

	Apr 2016	Apr 2017	Apr 2018	Apr 2019	Apr 2020	Apr 2021	Apr 2022	Apr 2023	Apr 2024	Apr 2025
Total Current Assets+	245.23M	257.73M	264.13M	253.67M	252M	265M	317.57M	342.66M	401.95M	381.45M
Cash & Short-Term Investments	53M	65.34M	64.25M	61.73M	41.63M	77.59M	21.16M	24.52M	81.3M	127.51M
Cash Only	28.33M	32.62M	29.73M	35.38M	40.4M	77.59M	17.14M	23.98M	81.3M	127.51M
Short-Term Investments	24.67M	32.71M	34.52M	26.34M	1.23M	0	4.02M	534K	0	0
Accounts Receivable	115.74M	118.13M	115.49M	102.58M	112.11M	102.8M	146.19M	158.31M	173.73M	139.59M
Days Sales Outstanding	74.09	73.51	69.05	65.72	67.2	77.84	87.33	76.62	77.51	67.35
Inventory	69.83M	66.49M	75.33M	78.83M	86.8M	74.36M	134.39M	149.45M	138.01M	105.84M
Days Inventory Outstanding	56.74	54.4	59.15	65.48	67.38	75.09	99.24	90.49	84.57	68.86
Other Current Assets	198K	216K	28K	2.22M	1.83M	2.81M	865K	10.38M	8.53M	8.52M
Total Non-Current Assets+	105.81M	97.71M	94.67M	95.54M	120.65M	110.16M	123.31M	125.45M	125.94M	121.44M
Property, Plant & Equipment	73.16M	66.75M	68.06M	65.31M	67.48M	58.68M	66.77M	72.15M	71.75M	73.88M
Fixed Asset Turnover	7.79x	8.79x	8.97x	8.72x	9.02x	8.21x	9.15x	10.45x	11.40x	10.24x
Goodwill	9.21M	7.81M	8.26M	7.89M	7.74M	8.41M	7.93M	3.24M	3.23M	3.19M
Intangible Assets	7.72M	4.71M	3.68M	4.91M	3.35M	2.08M	1.47M	1.14M	840K	568K
Long-Term Investments	2.41M	4.53M	5.09M	5.05M	27.68M	27.4M	32.32M	27.93M	2.38M	1.03M
Other Non-Current Assets	3.87M	2.62M	1.64M	1.21M	1.11M	1.64M	1.49M	4.13M	21.88M	10.67M
Total Assets+	351.04M	355.43M	358.8M	349.22M	372.65M	375.16M	440.88M	468.1M	527.88M	502.89M
Asset Turnover	1.62x	1.65x	1.70x	1.63x	1.63x	1.28x	1.39x	1.61x	1.55x	1.50x
Asset Growth %	-0.07%	0.01%	0.01%	-0.03%	0.07%	0.01%	0.18%	0.06%	0.13%	-0.05%
Total Current Liabilities+	121.52M	130.59M	131.31M	134.07M	145.97M	146.62M	213.69M	210.16M	192.3M	172M
Accounts Payable	43.44M	51.5M	48.84M	44.87M	47.83M	40.25M	76.31M	67.52M	60.76M	46.67M
Days Payables Outstanding	35.3	42.13	38.35	37.27	37.13	40.65	56.35	40.88	37.23	30.36
Short-Term Debt	585K	1.41M	0	0	0	0	0	0	1.5M	1.5M
Deferred Revenue (Current)	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Liabilities	54.4M	37.46M	26.75M	25.3M	25.76M	25.72M	28.33M	28.51M	30.22M	52.37M
Current Ratio	2.02x	1.97x	2.01x	1.89x	1.73x	1.81x	1.49x	1.63x	2.09x	2.22x
Quick Ratio	1.44x	1.46x	1.44x	1.30x	1.13x	1.30x	0.86x	0.92x	1.37x	1.60x
Cash Conversion Cycle	95.53	85.78	89.85	93.93	97.45	112.28	130.22	126.22	124.85	105.85
Total Non-Current Liabilities+	28.46M	26.55M	29.88M	27.48M	49.71M	34.99M	35.62M	57.06M	96.8M	58.96M
Long-Term Debt	0	0	0	16.32M	0	0	0	17.75M	53.16M	10.49M
Capital Lease Obligations	0	0	0	0	0	0	0	0	0	2.77M
Deferred Tax Liabilities	754K	836K	614K	533K	452K	410K	287K	195K	143K	85K
Other Non-Current Liabilities	21.01M	20.28M	21.79M	578K	38.55M	23.86M	24.33M	26.02M	27.15M	27.19M
Total Liabilities	149.97M	157.15M	161.18M	161.55M	195.67M	181.61M	249.31M	267.23M	289.09M	230.96M
Total Debt+	585K	1.41M	1.09M	16.32M	2.42M	1.88M	2.31M	17.75M	56.65M	16.8M
Net Debt	-27.74M	-31.21M	-28.64M	-19.07M	-37.98M	-75.71M	-14.83M	-6.23M	-24.65M	-110.71M
Debt / Equity	0.00x	0.01x	0.01x	0.09x	0.01x	0.01x	0.01x	0.09x	0.24x	0.06x
Debt / EBITDA	0.03x	0.04x	0.04x	1.17x	0.14x	0.06x	0.12x	0.37x	0.54x	0.32x
Net Debt / EBITDA	-1.43x	-0.92x	-0.95x	-1.37x	-2.13x	-2.21x	-0.76x	-0.13x	-0.24x	-2.10x
Interest Coverage	10.94x	67.05x	57.42x	-29.90x	0.92x	57.99x	-	27.10x	17.61x	7.38x
Total Equity+	201.07M	198.29M	197.62M	187.66M	176.98M	193.55M	191.56M	200.88M	238.79M	271.93M
Equity Growth %	-0.05%	-0.01%	-0%	-0.05%	-0.06%	0.09%	-0.01%	0.05%	0.19%	0.14%
Book Value per Share	4.52	4.48	4.40	4.18	3.91	4.28	4.23	4.41	5.13	5.71
Total Shareholders' Equity	201.07M	198.29M	197.62M	187.66M	176.98M	193.55M	191.56M	200.88M	238.79M	271.93M
Common Stock	51.35M	52.53M	54.73M	57.7M	60.01M	60.58M	61.79M	63.02M	65.53M	0
Retained Earnings	117.28M	113.97M	107.11M	93.59M	85.09M	96.02M	96.61M	103.41M	138.03M	127.91M
Treasury Stock	-9K	-1.83M	-1.83M	-1.83M	-7.47M	-7.3M	-10.29M	-10.29M	-10.29M	-39.76M
Accumulated OCI	-2.9M	-4.38M	-2.71M	-4.36M	-5.28M	-2.33M	-4.92M	-5.53M	-6.53M	-6.16M
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Apr 2016	Apr 2017	Apr 2018	Apr 2019	Apr 2020	Apr 2021	Apr 2022	Apr 2023	Apr 2024	Apr 2025
Cash from Operations+	13.28M	39.57M	30.36M	29.55M	10.81M	66.21M	-27.04M	15.02M	63.24M	97.71M
Operating CF Margin %	0.02%	0.07%	0.05%	0.05%	0.02%	0.14%	-0.04%	0.02%	0.08%	0.13%
Operating CF Growth %	-0.75%	1.98%	-0.23%	-0.03%	-0.63%	5.13%	-1.41%	1.56%	3.21%	0.55%
Net Income	2.06M	10.34M	5.56M	-958K	491K	10.93M	592K	6.8M	34.62M	-10.12M
Depreciation & Amortization	16.86M	18.56M	17.78M	18.64M	17.72M	17.08M	15.39M	16.99M	19.29M	19.55M
Stock-Based Compensation	2.96M	2.91M	2.63M	2.48M	2.27M	2.07M	1.97M	2.03M	2.09M	2.94M
Deferred Taxes	911K	-2.04M	3.15M	-3.38M	-2.18M	1.31M	-1.55M	-3.63M	-9.07M	-6.3M
Other Non-Cash Items	375K	2.29M	-631K	883K	607K	3.1M	1.94M	12.7M	30.44M	40.25M
Working Capital Changes	-9.89M	7.51M	1.86M	11.89M	-8.09M	31.73M	-45.38M	-19.86M	-14.13M	51.39M
Change in Receivables	3.79M	-2.72M	2.27M	10.86M	-10.03M	4.86M	-33.88M	-10.42M	0	34.52M
Change in Inventory	-5.1M	3.58M	-8.52M	-4.08M	-8.35M	13.9M	-61.16M	-15.06M	10.86M	32.54M
Change in Payables	-9.93M	5.54M	-2.57M	-2.75M	2.38M	-7.08M	33M	-5.34M	-7.12M	-14.12M
Cash from Investing+	-23.82M	-18.36M	-19.56M	-11.84M	-4.27M	-10.22M	-31.38M	-25.39M	-21.31M	-23.78M
Capital Expenditures	-17.06M	-8.69M	-18.13M	-17.27M	-18.09M	-7.89M	-20.38M	-25.39M	-16.98M	-19.49M
CapEx % of Revenue	0.03%	0.01%	0.03%	0.03%	0.03%	0.02%	0.03%	0.03%	0.02%	0.03%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	152K	199K	2.18M	607K	11.99M	9.93M	885K	-3.49M	-4.88M	-4.29M
Cash from Financing+	-17.45M	-16.32M	-13.26M	-11.93M	-1.98M	-15.59M	-3.58M	17.57M	15.12M	-27.45M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	-17.56M	-13.65M	-12.42M	-12.55M	-8.99M	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	613K	-261K	208K	1.07M	-199K	-125K	-200K	-970K	-5.9M	-606K
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	-3.78M	30.89M	12.23M	12.28M	-7.28M	58.32M	-47.41M	-10.36M	46.26M	78.22M
FCF Margin %	-0.01%	0.05%	0.02%	0.02%	-0.01%	0.12%	-0.08%	-0.01%	0.06%	0.1%
FCF Growth %	-1.12%	9.17%	-0.6%	0%	-1.59%	9.01%	-1.81%	0.78%	5.46%	0.69%
FCF per Share	-0.09	0.70	0.27	0.27	-0.16	1.29	-1.05	-0.23	0.99	1.64
FCF Conversion (FCF/Net Income)	6.44x	3.83x	5.46x	-30.84x	22.01x	6.06x	-45.67x	2.21x	1.83x	-9.65x
Interest Paid	0	228K	193K	0	46K	264K	16K	1.07M	2.86M	3.07M
Taxes Paid	0	3.2M	8.94M	0	977K	2.56M	1.95M	7.49M	26.45M	17.81M

Key Ratios

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Return on Equity (ROE)	1%	5.18%	2.81%	-0.5%	0.27%	5.9%	0.31%	3.47%	15.75%	-3.96%
Return on Invested Capital (ROIC)	1.14%	6.8%	5.56%	-2.13%	0.05%	9.99%	2.06%	12.34%	31.97%	13.23%
Gross Margin	21.23%	23.94%	23.86%	22.87%	22.78%	25.02%	19.1%	20.07%	27.19%	25.84%
Net Margin	0.36%	1.76%	0.91%	-0.17%	0.08%	2.27%	0.1%	0.9%	4.23%	-1.34%
Debt / Equity	0.00x	0.01x	0.01x	0.09x	0.01x	0.01x	0.01x	0.09x	0.24x	0.06x
Interest Coverage	10.94x	67.05x	57.42x	-29.90x	0.92x	57.99x	-	27.10x	17.61x	7.38x
FCF Conversion	6.44x	3.83x	5.46x	-30.84x	22.01x	6.06x	-45.67x	2.21x	1.83x	-9.65x
Revenue Growth	-7.43%	2.87%	4.09%	-6.69%	6.89%	-20.84%	26.75%	23.44%	8.47%	-7.53%

Revenue by Segment

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Unique Configuration	-	-	-	-	-	-	-	-	-	422.62M
Unique Configuration Growth	-	-	-	-	-	-	-	-	-	-
Limited Configuration	-	-	-	-	-	-	-	-	-	327.45M
Limited Configuration Growth	-	-	-	-	-	-	-	-	-	-
Service and Other	-	-	-	-	-	-	-	-	-	68.01M
Service and Other Growth	-	-	-	-	-	-	-	-	-	-
Product	-	-	-	-	-	-	250.74M	471.59M	400.74M	-
Product Growth	-	-	-	-	-	-	-	88.08%	-15.02%	-
Service	-	-	-	-	-	-	52.8M	61.75M	61.3M	-
Service Growth	-	-	-	-	-	-	-	16.95%	-0.73%	-
Service-type Warranty Contracts	-	-	-	-	-	-	-	40.61M	42.13M	-
Service-type Warranty Contracts Growth	-	-	-	-	-	-	-	-	3.74%	-
Live Events	231.88M	-	213.98M	236.33M	170.95M	196.59M	-	-	-	-
Live Events Growth	-	-	-	10.45%	-27.66%	15.00%	-	-	-	-
Commercial	-	-	-	-	148.83M	152.63M	-	-	-	-
Commercial Growth	-	-	-	-	-	2.55%	-	-	-	-
High School Park and Recreation	-	-	82.8M	-	91.19M	96.41M	-	-	-	-
High School Park and Recreation Growth	-	-	-	-	-	5.73%	-	-	-	-
International	-	-	89.26M	92.46M	94.34M	93.16M	-	-	-	-
International Growth	-	-	-	3.58%	2.04%	-1.25%	-	-	-	-
Transportation	48.33M	-	52.43M	59.58M	64.39M	70.14M	-	-	-	-
Transportation Growth	-	-	-	13.64%	8.08%	8.93%	-	-	-	-
Commerical	165.79M	148.26M	-	134.53M	-	-	-	-	-	-
Commerical Growth	-	-10.57%	-	-	-	-	-	-	-	-

Revenue by Geography

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
UNITED STATES	494.86M	465.6M	479.85M	502.7M	460.1M	504.93M	-	513.74M	661.31M	744.42M
UNITED STATES Growth	-	-5.91%	3.06%	4.76%	-8.47%	9.74%	-	-	28.73%	12.57%
Non-US	-	-	-	107.83M	109.61M	104M	-	97.23M	92.88M	73.66M
Non-US Growth	-	-	-	-	1.65%	-5.11%	-	-	-4.47%	-20.69%
Outside United States	121.08M	104.57M	106.69M	-	-	-	-	-	-	-
Outside United States Growth	-	-13.64%	2.03%	-	-	-	-	-	-	-

Frequently Asked Questions

Growth & Financials

Daktronics, Inc. (DAKT) reported $770.3M in revenue for fiscal year 2025. This represents a 57% increase from $489.5M in 2012.

Daktronics, Inc. (DAKT) saw revenue decline by 7.5% over the past year.

Yes, Daktronics, Inc. (DAKT) is profitable, generating $7.4M in net income for fiscal year 2025 (-1.3% net margin).

Dividend & Returns

Daktronics, Inc. (DAKT) has a return on equity (ROE) of -4.0%. Negative ROE indicates the company is unprofitable.

Daktronics, Inc. (DAKT) generated $61.7M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.