Escalade, Incorporated (ESCA) 10-Year Financial Performance & Capital Metrics

ESCA • • Industrial / General

Consumer CyclicalLeisureSports Equipment & ApparelMulti-Sport Equipment

AboutEscalade, Incorporated, together with its subsidiaries, manufactures, distributes, imports, and sells sporting goods in North America, Europe, and internationally. The company provides various sporting goods brands in basketball goals, archery, indoor and outdoor game recreation, and fitness products. It offers archery products under the Bear Archery, Trophy Ridge, Whisker Biscuit, Cajun Bowfishing, Karnage, Fletcher, SIK, BearX, and Rocket brand names; table tennis products under the STIGA and Ping-Pong brands; basketball goals under the Goalrilla, Goaliath, Silverback, Hoopstar, and Goalsetter brand names; and pickleball under the Onix, DURA, and Pickleball Now brands. The company also provides play systems under the Woodplay, Jack & June, and Childlife brands; fitness products under the STEP, Lifeline, Kettleworx, Natural Fitness, and PER4M brand names; safety products under the USWeight brand; hockey and soccer game tables under the Triumph Sports, Atomic, American Legend, Air Hockey, and HJ Scott brands; and billiard tables and accessories under the American Heritage Billiards, Brunswick Billiards, Gold Crown, Centennial, Cue&Case, Lucasi, Mizerak, PureX, Rage, Players, Minnesota Fats, and Mosconi brand names. In addition, it offers darting products under the Unicorn, Winmau, Arachnid, Accudart, and Nodor brands; water sports products under the RAVE Sports brand; and outdoor game products under the Victory Tailgate, Triumph Sports, Zume Games, and Viva Sol brand names. The company provides its products through sporting goods retailers, specialty dealers, online retailers, traditional department stores, and mass merchants. Escalade, Incorporated was founded in 1922 and is headquartered in Evansville, Indiana.Show more

Revenue $252M -4.6%
EBITDA $26M +10.9%
Net Income $13M +32.1%
EPS (Diluted) 0.92 +29.6%
Gross Margin 24.73% +5.5%
EBITDA Margin 10.36% +16.2%
Operating Margin 7.95% +17.7%
Net Margin 5.16% +38.5%
ROE 7.79% +28.0%
ROIC 7.21% +30.5%
Debt/Equity 0.16 -56.3%
Interest Coverage 8.69 +161.0%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Strong Piotroski F-Score: 7/9
✓High quality earnings: Operating CF exceeds net income
✓Healthy dividend yield of 4.2%
✓Trading at only 1.2x book value
✓Efficient asset utilization: 1.1x turnover

✗Weaknesses

No significant weaknesses identified

Price & Volume

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Growth Metrics

Revenue CAGR

10Y6.19%

5Y6.86%

3Y-7.09%

TTM-4.56%

Profit (Net Income) CAGR

10Y0.95%

5Y12.34%

3Y-18.97%

TTM-3.44%

EPS CAGR

10Y0.91%

5Y12.97%

3Y-19.45%

TTM-3.19%

ROCE

10Y Avg12.02%

5Y Avg13.4%

3Y Avg9.5%

Latest9.72%

Peer Comparison

Multi-Sport Equipment

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
ASAmer Sports, Inc.	20.68B	37.29	266.36	17.79%	5.1%	5.49%	0.88%	0.30
ESCAEscalade, Incorporated	192.98M	13.98	15.20	-4.57%	5.26%	7.37%	17.62%	0.16

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	155.54M	167.65M	177.33M	175.78M	180.54M	273.65M	313.61M	313.76M	263.57M	251.51M
Revenue Growth %	0.13%	0.08%	0.06%	-0.01%	0.03%	0.52%	0.15%	0%	-0.16%	-0.05%
Cost of Goods Sold+	112.07M	123.38M	132.61M	130.75M	138.18M	198.82M	236.48M	240.12M	201.79M	189.31M
COGS % of Revenue	0.72%	0.74%	0.75%	0.74%	0.77%	0.73%	0.75%	0.77%	0.77%	0.75%
Gross Profit+	43.47M	44.27M	44.73M	45.03M	42.36M	74.83M	77.13M	73.64M	61.77M	62.2M
Gross Margin %	0.28%	0.26%	0.25%	0.26%	0.23%	0.27%	0.25%	0.23%	0.23%	0.25%
Gross Profit Growth %	0.06%	0.02%	0.01%	0.01%	-0.06%	0.77%	0.03%	-0.05%	-0.16%	0.01%
Operating Expenses+	30.66M	29.68M	30.13M	31.21M	33.09M	41.8M	45.23M	47.32M	43.96M	42.2M
OpEx % of Revenue	0.2%	0.18%	0.17%	0.18%	0.18%	0.15%	0.14%	0.15%	0.17%	0.17%
Selling, General & Admin	27.77M	27.36M	28.55M	29.81M	31.62M	40.31M	43.37M	44.77M	41.48M	43.3M
SG&A % of Revenue	0.18%	0.16%	0.16%	0.17%	0.18%	0.15%	0.14%	0.14%	0.16%	0.17%
Research & Development	1.5M	1.5M	1.6M	1.5M	1.6M	1.5M	2M	2.7M	3.1M	0
R&D % of Revenue	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	-
Other Operating Expenses	333K	121K	-169K	-89K	0	0	0	0	-620K	-1.1M
Operating Income+	12.82M	14.58M	14.6M	13.82M	9.28M	33.03M	31.9M	26.32M	17.81M	20M
Operating Margin %	0.08%	0.09%	0.08%	0.08%	0.05%	0.12%	0.1%	0.08%	0.07%	0.08%
Operating Income Growth %	-0.17%	0.14%	0%	-0.05%	-0.33%	2.56%	-0.03%	-0.17%	-0.32%	0.12%
EBITDA+	15.7M	19.83M	18.51M	17.67M	13.31M	37.05M	36.73M	32.38M	23.48M	26.05M
EBITDA Margin %	0.1%	0.12%	0.1%	0.1%	0.07%	0.14%	0.12%	0.1%	0.09%	0.1%
EBITDA Growth %	-0.13%	0.26%	-0.07%	-0.05%	-0.25%	1.78%	-0.01%	-0.12%	-0.27%	0.11%
D&A (Non-Cash Add-back)	2.88M	5.24M	3.91M	3.86M	4.03M	4.02M	4.83M	6.06M	5.67M	6.04M
EBIT	12.82M	14.58M	14.6M	13.82M	9.28M	33.17M	31.9M	26.32M	17.84M	20.08M
Net Interest Income+	-470K	-834K	-804K	-427K	-356K	-250K	-1.51M	-3.78M	-5.35M	-2.3M
Interest Income	0	0	0	0	0	0	0	0	0	0
Interest Expense	470K	834K	804K	427K	356K	250K	1.51M	3.78M	5.35M	2.3M
Other Income/Expense	2.86M	959K	917K	12.63M	-341K	-110K	-1.35M	-3.7M	-5.32M	-2.23M
Pretax Income+	15.67M	15.54M	15.52M	26.44M	8.93M	32.92M	30.55M	22.61M	12.49M	17.78M
Pretax Margin %	0.1%	0.09%	0.09%	0.15%	0.05%	0.12%	0.1%	0.07%	0.05%	0.07%
Income Tax+	4.07M	4.05M	1.46M	6M	1.68M	6.99M	6.14M	4.63M	2.66M	4.79M
Effective Tax Rate %	0.74%	0.74%	0.91%	0.77%	0.81%	0.79%	0.8%	0.8%	0.79%	0.73%
Net Income+	11.61M	11.49M	14.06M	20.44M	7.26M	25.93M	24.41M	17.99M	9.83M	12.99M
Net Margin %	0.07%	0.07%	0.08%	0.12%	0.04%	0.09%	0.08%	0.06%	0.04%	0.05%
Net Income Growth %	-0.02%	-0.01%	0.22%	0.45%	-0.64%	2.57%	-0.06%	-0.26%	-0.45%	0.32%
Net Income (Continuing)	11.61M	11.49M	14.06M	20.44M	7.26M	25.93M	24.41M	17.99M	9.83M	12.99M
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)+	0.82	0.80	0.98	1.41	0.50	1.82	1.76	1.31	0.71	0.92
EPS Growth %	-0.02%	-0.02%	0.23%	0.44%	-0.65%	2.64%	-0.03%	-0.26%	-0.46%	0.3%
EPS (Basic)	0.82	0.81	0.98	1.42	0.50	1.84	1.78	1.33	0.72	0.94
Diluted Shares Outstanding	14.09M	14.37M	14.35M	14.48M	14.44M	14.22M	13.87M	13.69M	13.9M	14.03M
Basic Shares Outstanding	14.09M	14.19M	14.35M	14.42M	14.41M	14.1M	13.75M	13.57M	13.71M	13.88M
Dividend Payout Ratio	0.52%	0.55%	0.47%	0.35%	0.99%	0.29%	0.32%	0.45%	0.63%	0.64%

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+	72.81M	75.62M	80.26M	87.86M	86.92M	145.4M	171.06M	188.2M	146.83M	133.82M
Cash & Short-Term Investments	1.98M	1.01M	1.57M	2.82M	5.88M	3.5M	4.37M	3.97M	16K	4.19M
Cash Only	1.98M	1.01M	1.57M	2.82M	5.88M	3.5M	4.37M	3.97M	16K	4.19M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	38.98M	35.89M	39.35M	40.68M	35.45M	65.28M	65.99M	57.42M	49.98M	48.77M
Days Sales Outstanding	91.48	78.15	80.99	84.47	71.67	87.07	76.8	66.8	69.22	70.77
Inventory	25.86M	33.8M	35.16M	39.12M	42.27M	72.49M	92.38M	121.87M	92.46M	76.03M
Days Inventory Outstanding	84.23	100	96.78	109.21	111.65	133.07	142.59	185.25	167.24	146.58
Other Current Assets	1.54M	1.28M	764K	2K	163K	57K	739K	0	0	0
Total Non-Current Assets+	70.92M	75.14M	75.84M	61.66M	61.86M	75.31M	80.74M	110.52M	106.17M	92.51M
Property, Plant & Equipment	14.36M	13.71M	14.29M	15.5M	16.19M	19.84M	27.15M	33.85M	32.16M	23.41M
Fixed Asset Turnover	10.83x	12.22x	12.41x	11.34x	11.15x	13.79x	11.55x	9.27x	8.19x	10.75x
Goodwill	20.05M	21.46M	21.55M	26.38M	26.75M	32.7M	32.7M	42.33M	42.33M	42.33M
Intangible Assets	16.87M	20.86M	19.69M	19.79M	18.85M	22.64M	20.78M	31.12M	28.64M	25.84M
Long-Term Investments	19.64M	19.03M	20.28M	0	-3.54M	0	-4.76M	0	0	0
Other Non-Current Assets	-1.54M	-1.2M	-2.43M	-3.41M	77K	127K	124K	3.22M	3.04M	935K
Total Assets+	143.74M	150.76M	156.1M	149.53M	148.78M	220.71M	251.8M	298.72M	253M	226.33M
Asset Turnover	1.08x	1.11x	1.14x	1.18x	1.21x	1.24x	1.25x	1.05x	1.04x	1.11x
Asset Growth %	0.12%	0.05%	0.04%	-0.04%	-0.01%	0.48%	0.14%	0.19%	-0.15%	-0.11%
Total Current Liabilities+	38.31M	18.42M	19.54M	16.7M	18.21M	46.07M	48.19M	38.94M	33.26M	34.49M
Accounts Payable	2.55M	4.38M	4.29M	5.63M	7.76M	20.95M	15.85M	9.41M	9.8M	11.86M
Days Payables Outstanding	8.3	12.95	11.82	15.72	20.51	38.45	24.46	14.31	17.72	22.86
Short-Term Debt	21.59M	1.25M	1.25M	0	135K	0	7.96M	7.14M	7.14M	7.14M
Deferred Revenue (Current)	0	0	0	0	0	0	0	0	0	0
Other Current Liabilities	0	0	0	0	0	0	17.99M	5.29M	12.63M	6.18M
Current Ratio	1.90x	4.11x	4.11x	5.26x	4.77x	3.16x	3.55x	4.83x	4.41x	3.88x
Quick Ratio	1.23x	2.27x	2.31x	2.92x	2.45x	1.58x	1.63x	1.70x	1.63x	1.68x
Cash Conversion Cycle	167.42	165.2	165.95	177.97	162.81	181.69	194.93	237.74	218.74	194.49
Total Non-Current Liabilities+	8.95M	30.63M	24.89M	4.5M	4.4M	35.48M	56.99M	101.3M	55.16M	22.84M
Long-Term Debt	1.75M	24.19M	21.87M	0	0	30.07M	50.4M	87.74M	43.75M	18.45M
Capital Lease Obligations	0	0	0	0	475K	763K	1.39M	8.64M	7.9M	787K
Deferred Tax Liabilities	7.2M	6.44M	2.47M	3.41M	3.54M	0	4.76M	4.52M	3.13M	3.3M
Other Non-Current Liabilities	0	0	553K	1.09M	387K	4.64M	448K	407K	387K	297K
Total Liabilities	47.26M	49.05M	44.44M	21.21M	22.61M	81.55M	105.18M	140.24M	88.43M	57.33M
Total Debt+	23.34M	25.44M	23.12M	0	1.23M	31.69M	60.56M	104.52M	59.83M	26.83M
Net Debt	21.35M	24.43M	21.55M	-2.82M	-4.65M	28.18M	56.19M	100.55M	59.82M	22.63M
Debt / Equity	0.24x	0.25x	0.21x	-	0.01x	0.23x	0.41x	0.66x	0.36x	0.16x
Debt / EBITDA	1.49x	1.28x	1.25x	-	0.09x	0.86x	1.65x	3.23x	2.55x	1.03x
Net Debt / EBITDA	1.36x	1.23x	1.16x	-0.16x	-0.35x	0.76x	1.53x	3.11x	2.55x	0.87x
Interest Coverage	27.27x	17.49x	18.16x	32.36x	26.05x	132.13x	21.12x	6.96x	3.33x	8.69x
Total Equity+	96.48M	101.71M	111.67M	128.32M	126.17M	139.16M	146.62M	158.47M	164.58M	169M
Equity Growth %	0.07%	0.05%	0.1%	0.15%	-0.02%	0.1%	0.05%	0.08%	0.04%	0.03%
Book Value per Share	6.85	7.08	7.78	8.86	8.74	9.78	10.57	11.58	11.84	12.04
Total Shareholders' Equity	96.48M	101.71M	111.67M	128.32M	126.17M	139.16M	146.62M	158.47M	164.58M	169M
Common Stock	14.18M	14.3M	14.37M	14.44M	14.21M	13.92M	13.49M	2.02M	4.48M	4.22M
Retained Earnings	85.48M	91.69M	99.91M	113.88M	111.95M	125.24M	133.12M	156.45M	160.1M	164.78M
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	-3.18M	-4.28M	-2.61M	0	0	0	0	0	0	0
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+	15.46M	12.17M	13.36M	6.51M	16.04M	2.63M	1.07M	8.52M	48.33M	36.05M
Operating CF Margin %	0.1%	0.07%	0.08%	0.04%	0.09%	0.01%	0%	0.03%	0.18%	0.14%
Operating CF Growth %	-0.16%	-0.21%	0.1%	-0.51%	1.47%	-0.84%	-0.59%	6.94%	4.67%	-0.25%
Net Income	11.61M	11.49M	14.06M	20.44M	7.26M	25.93M	24.41M	17.99M	9.83M	12.99M
Depreciation & Amortization	5.22M	5.24M	3.91M	3.86M	4.03M	4.02M	4.83M	6.06M	5.67M	6.04M
Stock-Based Compensation	719K	398K	522K	604K	0	1.02M	135K	51K	52K	0
Deferred Taxes	1.7M	-375K	-2.95M	940K	128K	656K	567K	-244K	-1.39M	177K
Other Non-Cash Items	-1.27M	-1.31M	1.42M	-10.6M	842K	471K	475K	2.01M	2.86M	-972K
Working Capital Changes	-1.87M	-3.58M	-3.23M	-8.3M	3.78M	-29.46M	-29.34M	-17.34M	31.31M	17.82M
Change in Receivables	-6.05M	2.71M	-3.37M	-1.14M	4.91M	-29.91M	-301K	9.74M	6.87M	470K
Change in Inventory	-1.12M	-6.55M	-468K	-3.36M	-3.15M	-26.42M	-19.89M	-15.85M	29.41M	16.44M
Change in Payables	2.42M	2.42M	1.11M	-3.99M	44K	26.91M	0	-14.67M	-5.72M	2.63M
Cash from Investing+	-14.29M	-9.8M	-4.19M	24.87M	-2.95M	-21.03M	-9.65M	-37.83M	-1.95M	3.93M
Capital Expenditures	-5.07M	-2.65M	-2.75M	-2.82M	-2.19M	-5.46M	-9.7M	-2.11M	-2.08M	-2.04M
CapEx % of Revenue	0.03%	0.02%	0.02%	0.02%	0.01%	0.02%	0.03%	0.01%	0.01%	0.01%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	1.45M	2.57M	5K	1.15M	0	-131K	43K	40K	140K	5.97M
Cash from Financing+	-2.42M	-3.34M	-8.61M	-30.13M	-10.03M	16.02M	9.45M	28.9M	-50.33M	-35.8M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	-6.07M	-6.28M	-6.61M	-7.21M	-7.2M	-7.47M	-7.69M	-8.15M	-6.18M	-8.31M
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	1.66M	643K	311K	220K	102K	154K	111K	51K	-169K	0
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	10.4M	9.52M	10.62M	3.69M	13.85M	-2.82M	-8.62M	6.41M	46.24M	34.01M
FCF Margin %	0.07%	0.06%	0.06%	0.02%	0.08%	-0.01%	-0.03%	0.02%	0.18%	0.14%
FCF Growth %	-0.34%	-0.08%	0.12%	-0.65%	2.76%	-1.2%	-2.06%	1.74%	6.21%	-0.26%
FCF per Share	0.74	0.66	0.74	0.25	0.96	-0.20	-0.62	0.47	3.33	2.42
FCF Conversion (FCF/Net Income)	1.33x	1.06x	0.95x	0.32x	2.21x	0.10x	0.04x	0.47x	4.92x	2.78x
Interest Paid	465K	866K	792K	423K	0	205K	1.43M	3.87M	5.33M	2.23M
Taxes Paid	108K	3.33M	3.82M	4.84M	0	6.21M	6.28M	4.14M	4.26M	4.99M

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	12.46%	11.6%	13.18%	17.04%	5.7%	19.55%	17.08%	11.79%	6.09%	7.79%
Return on Invested Capital (ROIC)	8.53%	8.97%	8.44%	8.01%	5.63%	17.15%	12.93%	8.55%	5.53%	7.21%
Gross Margin	27.95%	26.4%	25.22%	25.62%	23.46%	27.34%	24.59%	23.47%	23.44%	24.73%
Net Margin	7.46%	6.86%	7.93%	11.63%	4.02%	9.48%	7.78%	5.73%	3.73%	5.16%
Debt / Equity	0.24x	0.25x	0.21x	-	0.01x	0.23x	0.41x	0.66x	0.36x	0.16x
Interest Coverage	27.27x	17.49x	18.16x	32.36x	26.05x	132.13x	21.12x	6.96x	3.33x	8.69x
FCF Conversion	1.33x	1.06x	0.95x	0.32x	2.21x	0.10x	0.04x	0.47x	4.92x	2.78x
Revenue Growth	12.73%	7.78%	5.78%	-0.88%	2.71%	51.57%	14.6%	0.05%	-16%	-4.57%

Frequently Asked Questions

Valuation & Price

Escalade, Incorporated (ESCA) has a price-to-earnings (P/E) ratio of 15.2x. This is roughly in line with market averages.

Growth & Financials

Escalade, Incorporated (ESCA) reported $241.5M in revenue for fiscal year 2024. This represents a 80% increase from $134.3M in 2011.

Escalade, Incorporated (ESCA) saw revenue decline by 4.6% over the past year.

Yes, Escalade, Incorporated (ESCA) is profitable, generating $12.7M in net income for fiscal year 2024 (5.2% net margin).

Dividend & Returns

Yes, Escalade, Incorporated (ESCA) pays a dividend with a yield of 4.23%. This makes it attractive for income-focused investors.

Escalade, Incorporated (ESCA) has a return on equity (ROE) of 7.8%. This is below average, suggesting room for improvement.

Escalade, Incorporated (ESCA) generated $26.6M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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