The Joint Corp. (JYNT) 10-Year Financial Performance & Capital Metrics

JYNT • • Industrial / General

HealthcareHealthcare FacilitiesAlternative & Wellness ServicesChiropractic & Alternative Care

AboutThe Joint Corp. develops, owns, operates, supports, and manages chiropractic clinics. The company operates in two segments, Corporate Clinics and Franchise Operations. It operates through direct ownership, management arrangements, franchising, and regional developers. As of March 1, 2022, the company operated approximately 700 locations in the United States. The Joint Corp. was incorporated in 2010 and is headquartered in Scottsdale, Arizona.Show more

Revenue $52M +11.0%
EBITDA $3M -68.2%
Net Income -$6M +40.6%
EPS (Diluted) -0.56 +15.2%
Gross Margin 77.92% +0.3%
EBITDA Margin 5.43% -71.3%
Operating Margin -3.62% -634.4%
Net Margin -11.11% +46.5%
ROE -25.51% +25.0%
ROIC -48.02% -5970.9%
Debt/Equity 0.04 -66.7%
Interest Coverage -

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Company is almost debt free
✓Strong Piotroski F-Score: 7/9
✓FCF machine: 15.8% free cash flow margin

✗Weaknesses

✗Thin 5Y average net margin of 0.1%

Price & Volume

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Growth Metrics

Revenue CAGR

10Y22.04%

5Y1.49%

3Y-13.29%

TTM-98.31%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM95.26%

EPS CAGR

10Y-

5Y-

3Y-

TTM94.6%

ROCE

10Y Avg-10.65%

5Y Avg4.49%

3Y Avg-0.86%

Latest-4.31%

Peer Comparison

Chiropractic & Alternative Care

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
JYNTThe Joint Corp.	156.54M	10.53	-18.80	11.04%	-55.34%	-3.52%	5.26%	0.04

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	13.84M	20.52M	25.16M	31.79M	48.45M	58.68M	80.01M	101.25M	46.98M	52.16M
Revenue Growth %	0.94%	0.48%	0.23%	0.26%	0.52%	0.21%	0.36%	0.27%	-0.54%	0.11%
Cost of Goods Sold+	2.82M	2.94M	3.31M	4.31M	5.57M	6.51M	7.67M	9.17M	10.48M	11.52M
COGS % of Revenue	0.2%	0.14%	0.13%	0.14%	0.11%	0.11%	0.1%	0.09%	0.22%	0.22%
Gross Profit+	11.02M	17.58M	21.85M	27.48M	42.88M	52.18M	72.35M	92.08M	36.5M	40.65M
Gross Margin %	0.8%	0.86%	0.87%	0.86%	0.89%	0.89%	0.9%	0.91%	0.78%	0.78%
Gross Profit Growth %	1.26%	0.6%	0.24%	0.26%	0.56%	0.22%	0.39%	0.27%	-0.6%	0.11%
Operating Expenses+	20.33M	29.09M	24.61M	26.68M	39.47M	46.68M	66.22M	91.25M	36.18M	42.54M
OpEx % of Revenue	1.47%	1.42%	0.98%	0.84%	0.81%	0.8%	0.83%	0.9%	0.77%	0.82%
Selling, General & Admin	19.06M	26.52M	22.59M	25.12M	37.46M	44M	62.27M	81.95M	34.92M	41.1M
SG&A % of Revenue	1.38%	1.29%	0.9%	0.79%	0.77%	0.75%	0.78%	0.81%	0.74%	0.79%
Research & Development	0	0	0	343K	0	0	0	0	0	0
R&D % of Revenue	-	-	-	0.01%	-	-	-	-	-	-
Other Operating Expenses	22.12K	13.29K	-64.45K	-47.77K	2.01M	2.68M	3.95M	9.3M	1.26M	1.44M
Operating Income+	-9.32M	-15.02M	-3.17M	205.11K	3.41M	5.49M	6.13M	828.25K	318.3K	-1.89M
Operating Margin %	-0.67%	-0.73%	-0.13%	0.01%	0.07%	0.09%	0.08%	0.01%	0.01%	-0.04%
Operating Income Growth %	-4.73%	-0.61%	0.79%	1.06%	15.65%	0.61%	0.12%	-0.86%	-0.62%	-6.93%
EBITDA+	-8.05M	-12.46M	-1.16M	1.76M	5.31M	8.23M	10.05M	7.47M	8.9M	2.83M
EBITDA Margin %	-0.58%	-0.61%	-0.05%	0.06%	0.11%	0.14%	0.13%	0.07%	0.19%	0.05%
EBITDA Growth %	-4.68%	-0.55%	0.91%	2.52%	2.02%	0.55%	0.22%	-0.26%	0.19%	-0.68%
D&A (Non-Cash Add-back)	1.27M	2.57M	2.02M	1.56M	1.9M	2.73M	3.92M	6.65M	8.58M	4.72M
EBIT	-9.32M	-11.49M	-2.91M	737.5K	3.53M	5.44M	6.15M	1.24M	297.4K	-1.82M
Net Interest Income+	0	0	0	0	0	0	0	-820.43K	-64.29K	280.29K
Interest Income	0	0	0	0	0	-	-	133.1K	0	280.29K
Interest Expense	0	15K	0	0	0	-	-	953.53K	64.29K	0
Other Income/Expense	283.27K	-1.47K	-64.45K	-33.59K	-42.22K	-79.48K	-69.88K	-133.1K	-64.29K	280.29K
Pretax Income+	-9.03M	-15.01M	-3.24M	215.35K	3.37M	5.41M	6.06M	695.15K	254.01K	-1.61M
Pretax Margin %	-0.65%	-0.73%	-0.13%	0.01%	0.07%	0.09%	0.08%	0.01%	0.01%	-0.03%
Income Tax+	-235.85K	164.43K	35.88K	-37.73K	48.71K	-7.75M	-1.51M	68.45K	11.02M	5.61K
Effective Tax Rate %	0.97%	1.01%	1.01%	1.18%	0.99%	2.43%	1.25%	0.9%	-38.39%	3.6%
Net Income+	-8.8M	-15.17M	-3.28M	253.08K	3.32M	13.17M	7.57M	626.71K	-9.75M	-5.8M
Net Margin %	-0.64%	-0.74%	-0.13%	0.01%	0.07%	0.22%	0.09%	0.01%	-0.21%	-0.11%
Net Income Growth %	-1.9%	-0.72%	0.78%	1.08%	12.13%	2.96%	-0.43%	-0.92%	-16.56%	0.41%
Net Income (Continuing)	-8.8M	-15.17M	-3.43M	146.7K	3.32M	13.17M	7.57M	626.71K	-10.77M	-1.61M
Discontinued Operations	0	0	0	0	0	0	0	0	1.02M	-4.18M
Minority Interest	0	0	0	100	100	100	25K	25K	25K	25K
EPS (Diluted)+	-0.88	-1.20	-0.25	0.02	0.23	0.90	0.44	0.04	-0.66	-0.56
EPS Growth %	-0.57%	-0.36%	0.79%	1.07%	11.78%	2.91%	-0.51%	-0.9%	-16.24%	0.15%
EPS (Basic)	-0.88	-1.20	-0.25	0.02	0.24	0.94	0.46	0.04	-0.66	-0.57
Diluted Shares Outstanding	10.04M	12.7M	13.25M	14.03M	14.47M	14.58M	14.94M	14.87M	14.69M	15.15M
Basic Shares Outstanding	10M	12.64M	13.2M	13.67M	13.82M	14M	14.32M	14.49M	14.69M	14.92M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

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+	19.03M	5.7M	6.66M	11.71M	13.3M	25.35M	26.89M	17.61M	44.34M	74.58M
Cash & Short-Term Investments	16.79M	3.01M	4.22M	8.72M	8.46M	20.55M	19.53M	9.75M	18.15M	25.05M
Cash Only	16.79M	3.01M	4.22M	8.72M	8.46M	20.55M	19.53M	9.75M	18.15M	25.05M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	875.13K	1.1M	1.31M	955.97K	2.77M	2.06M	3.7M	3.91M	2.58M	2.59M
Days Sales Outstanding	23.09	19.64	19.01	10.98	20.9	12.83	16.88	14.1	20.05	18.1
Inventory	991.13K	1.08M	587.9K	749.13K	951.4K	0	0	0	0	0
Days Inventory Outstanding	128.29	134.43	64.79	63.44	62.39	-	-	-	-	-
Other Current Assets	991.13K	1.08M	602.25K	898.74K	0	1.16M	1.38M	3.96M	23.6M	46.94M
Total Non-Current Assets+	14.34M	11.36M	10.25M	11.82M	30.4M	40.53M	60.17M	75.88M	42.87M	8.58M
Property, Plant & Equipment	7.14M	4.72M	3.8M	3.66M	19.07M	20.33M	32.81M	38.06M	4.27M	3.76M
Fixed Asset Turnover	1.94x	4.34x	6.62x	8.69x	2.54x	2.89x	2.44x	2.66x	11.00x	13.86x
Goodwill	2.47M	2.75M	2.92M	2.92M	4.15M	4.63M	5.09M	8.49M	7.35M	0
Intangible Assets	2.54M	2.34M	1.76M	1.63M	3.22M	2.87M	4.71M	10.93M	5.02M	0
Long-Term Investments	15.82K	0	351.86K	128.72K	0	0	0	0	0	0
Other Non-Current Assets	2.19M	1.54M	1.78M	3.61M	3.96M	4.77M	6.07M	6.46M	25.19M	4.81M
Total Assets+	33.36M	17.05M	16.91M	23.53M	43.71M	65.88M	87.06M	93.49M	87.21M	83.15M
Asset Turnover	0.41x	1.20x	1.49x	1.35x	1.11x	0.89x	0.92x	1.08x	0.54x	0.63x
Asset Growth %	0.17%	-0.49%	-0.01%	0.39%	0.86%	0.51%	0.32%	0.07%	-0.07%	-0.05%
Total Current Liabilities+	7.49M	5.86M	4.97M	8.74M	13.57M	18.46M	21.44M	23.22M	33.57M	49.04M
Accounts Payable	2M	1.05M	1.07M	1.25M	1.53M	1.56M	1.71M	2.97M	1.25M	1.75M
Days Payables Outstanding	258.48	130.99	117.77	106.13	100.06	87.59	81.22	118.07	43.67	55.49
Short-Term Debt	451.85K	331.5K	100K	1.1M	0	2.73M	0	0	0	0
Deferred Revenue (Current)	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Liabilities	3.55M	649.59K	3.34M	5.88M	921.39K	955.55K	925.72K	1.4M	27.37M	39.2M
Current Ratio	2.54x	0.97x	1.34x	1.34x	0.98x	1.37x	1.25x	0.76x	1.32x	1.52x
Quick Ratio	2.41x	0.79x	1.22x	1.25x	0.91x	1.37x	1.25x	0.76x	1.32x	1.52x
Cash Conversion Cycle	-107.11	23.09	-33.97	-31.72	-16.77	-	-	-	-	-
Total Non-Current Liabilities+	5.2M	4.27M	7.04M	12.43M	24.42M	26.3M	35.31M	37.69M	28.86M	13.43M
Long-Term Debt	130K	0	1M	0	0	2M	2M	2M	2M	0
Capital Lease Obligations	0	0	0	0	11.94M	10.77M	16.96M	18.74M	448.31K	311.69K
Deferred Tax Liabilities	457.29K	120.7K	136.43K	76.67K	89.86K	0	0	0	57.15K	0
Other Non-Current Liabilities	238.65K	1.91M	1.21M	1.11M	27.23K	27.23K	3.4M	2.79M	12.76M	672.33K
Total Liabilities	12.68M	10.13M	12.01M	21.17M	37.99M	44.75M	56.75M	60.9M	62.44M	62.48M
Total Debt+	581.85K	331.5K	1.1M	1.1M	14.27M	18.48M	23.62M	26.06M	2.86M	795.03K
Net Debt	-16.21M	-2.68M	-3.12M	-7.62M	5.82M	-2.07M	4.1M	16.31M	-15.29M	-24.26M
Debt / Equity	0.03x	0.05x	0.22x	0.47x	2.50x	0.87x	0.78x	0.80x	0.12x	0.04x
Debt / EBITDA	-	-	-	0.62x	2.69x	2.25x	2.35x	3.49x	0.32x	0.28x
Net Debt / EBITDA	-	-	-	-4.32x	1.09x	-0.25x	0.41x	2.18x	-1.72x	-8.56x
Interest Coverage	-	-1001.52x	-	-	-	-	-	0.87x	4.95x	-
Total Equity+	20.68M	6.93M	4.9M	2.36M	5.72M	21.13M	30.31M	32.59M	24.77M	20.68M
Equity Growth %	0.32%	-0.67%	-0.29%	-0.52%	1.42%	2.69%	0.43%	0.08%	-0.24%	-0.17%
Book Value per Share	2.06	0.55	0.37	0.17	0.40	1.45	2.03	2.19	1.69	1.37
Total Shareholders' Equity	20.68M	6.93M	4.9M	2.36M	5.72M	21.13M	30.28M	32.56M	24.75M	20.65M
Common Stock	13.07K	13.32K	13.6K	13.76K	13.9K	14.17K	14.45K	14.56K	14.78K	15.19K
Retained Earnings	-13.81M	-28.98M	-32.26M	-35.75M	-33.64M	-20.09M	-12.78M	-12.15M	-21.91M	-27.7M
Treasury Stock	-791.64K	-503.12K	-86.05K	-90.86K	-111.04K	-143.11K	-850.84K	-856.64K	-860.48K	-870.06K
Accumulated OCI	-1.1M	-2.57M	-3.93M	-4.91M	0	0	0	0	0	0
Minority Interest	0	0	0	100	100	100	25K	25K	25K	25K

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+	-6.8M	-10.85M	156.44K	5.45M	7.52M	11.18M	13.84M	8.21M	14.68M	9.42M
Operating CF Margin %	-0.49%	-0.53%	0.01%	0.17%	0.16%	0.19%	0.17%	0.08%	0.31%	0.18%
Operating CF Growth %	-14.54%	-0.6%	1.01%	33.85%	0.38%	0.49%	0.24%	-0.41%	0.79%	-0.36%
Net Income	-8.8M	-15.17M	-3.28M	253.08K	3.32M	13.17M	7.57M	626.71K	-9.75M	-8.53M
Depreciation & Amortization	1.27M	2.57M	2.02M	1.56M	1.9M	2.73M	3.92M	6.65M	8.58M	4.72M
Stock-Based Compensation	825.14K	1.12M	594.37K	628.43K	720.65K	885.98K	1.06M	1.27M	1.74M	1.68M
Deferred Taxes	40.8K	120.7K	15.73K	-77.02K	1.78K	0	-1.78M	0	10.9M	-55.56K
Other Non-Cash Items	-1.33M	3.13M	423.72K	308.98K	-18.89K	-6.04M	-7.77K	3.61M	2.41M	10.5M
Working Capital Changes	1.2M	-2.61M	380.52K	2.78M	1.6M	433.24K	3.09M	-3.95M	798.62K	1.1M
Change in Receivables	-99.96K	-999.52K	-124.11K	-75.33K	-1.84M	794.59K	-1.64M	-154.67K	192.35K	-1.65M
Change in Inventory	1.25M	-998.42K	-718.64K	1.11M	3.39M	0	0	0	0	0
Change in Payables	-291.48K	-953.08K	-36.75K	63.57K	75.89K	0	-14.37K	0	-1.38M	68.26K
Cash from Investing+	-10.01M	-2.7M	-372.85K	-1.24M	-7.14M	-4.6M	-12.75M	-17.9M	-6.19M	-631.55K
Capital Expenditures	-5.14M	-1.89M	-449.2K	-1.39M	-4.17M	-3.16M	-6.99M	-5.9M	-5M	-1.19M
CapEx % of Revenue	0.37%	0.09%	0.02%	0.04%	0.09%	0.05%	0.09%	0.06%	0.11%	0.02%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	53.89K	35.91K	76.35K	245.71K	149.35K	-910.78K	0	105.2K	0	0
Cash from Financing+	12.81M	-239.85K	1.42M	326.3K	-596.96K	5.6M	-2M	328.61K	174.12K	-2M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	-1.35M	-12.46K	361.6K	326.3K	545.18K	3.74M	811.59K	384.27K	0	0
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	-11.94M	-12.74M	-292.76K	4.06M	3.36M	8.03M	6.85M	2.31M	9.68M	8.23M
FCF Margin %	-0.86%	-0.62%	-0.01%	0.13%	0.07%	0.14%	0.09%	0.02%	0.21%	0.16%
FCF Growth %	-6.44%	-0.07%	0.98%	14.88%	-0.17%	1.39%	-0.15%	-0.66%	3.19%	-0.15%
FCF per Share	-1.19	-1.00	-0.02	0.29	0.23	0.55	0.46	0.16	0.66	0.54
FCF Conversion (FCF/Net Income)	0.77x	0.71x	-0.05x	21.54x	2.26x	0.85x	1.83x	13.10x	-1.51x	-1.62x
Interest Paid	0	15.26K	108.02K	0	0	42.83K	0	71.25K	173.06K	69.44K
Taxes Paid	0	11.25K	29.32K	0	0	0	0	0	569.76K	610.49K

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-48.46%	-109.94%	-55.4%	6.97%	82.25%	98.09%	29.42%	1.99%	-34%	-25.51%
Return on Invested Capital (ROIC)	-156.38%	-258.56%	-78.98%	-	81.54%	26.93%	17.19%	1.49%	0.82%	-48.02%
Gross Margin	79.62%	85.68%	86.84%	86.44%	88.51%	88.91%	90.42%	90.94%	77.69%	77.92%
Net Margin	-63.59%	-73.93%	-13.02%	0.8%	6.86%	22.44%	9.46%	0.62%	-20.76%	-11.11%
Debt / Equity	0.03x	0.05x	0.22x	0.47x	2.50x	0.87x	0.78x	0.80x	0.12x	0.04x
Interest Coverage	-	-1001.52x	-	-	-	-	-	0.87x	4.95x	-
FCF Conversion	0.77x	0.71x	-0.05x	21.54x	2.26x	0.85x	1.83x	13.10x	-1.51x	-1.62x
Revenue Growth	94.41%	48.34%	22.61%	26.33%	52.41%	21.12%	36.34%	26.55%	-53.6%	11.04%

Revenue by Segment

	2016	2017	2018	2019	2020	2021	2022	2023	2024
Royalty	-	-	-	13.56M	15.89M	22.06M	26.19M	29.16M	32.14M
Royalty Growth	-	-	-	-	17.18%	38.88%	18.71%	11.34%	10.23%
Advertising	-	-	-	3.88M	4.51M	6.3M	7.46M	8.32M	9.18M
Advertising Growth	-	-	-	-	16.02%	39.78%	18.38%	11.59%	10.33%
Technology Service	-	-	-	1.87M	2.69M	3.38M	4.29M	5.09M	5.69M
Technology Service Growth	-	-	-	-	44.42%	25.58%	26.80%	18.55%	11.81%
Franchise	-	-	1.69M	1.79M	2.1M	2.66M	2.44M	2.88M	3M
Franchise Growth	-	-	-	6.13%	17.26%	26.58%	-8.19%	18.09%	3.99%
Product and Service, Other	-	-	-	740.92K	847.1K	1.26M	1.45M	1.53M	1.89M
Product and Service, Other Growth	-	-	-	-	14.33%	48.50%	15.33%	5.20%	23.60%
Revenues and Management Fees from Company Clinics	-	-	-	25.81M	31.77M	44.35M	59.42M	70.72M	-
Revenues and Management Fees from Company Clinics Growth	-	-	-	-	23.11%	39.59%	33.99%	19.01%	-
Regional Developer Fees	-	-	599.37K	803.85K	876.8K	848.64K	659.1K	-	-
Regional Developer Fees Growth	-	-	-	34.12%	9.08%	-3.21%	-22.33%	-	-
Franchise Operations	11.97M	14.04M	-	-	-	-	-	-	-
Franchise Operations Growth	-	17.25%	-	-	-	-	-	-	-
Corporate Clinics	8.55M	11.13M	-	-	-	-	-	-	-
Corporate Clinics Growth	-	30.12%	-	-	-	-	-	-	-

Frequently Asked Questions

Growth & Financials

The Joint Corp. (JYNT) reported $1.4M in revenue for fiscal year 2024. This represents a 48% decrease from $2.8M in 2012.

The Joint Corp. (JYNT) grew revenue by 11.0% over the past year. This is steady growth.

The Joint Corp. (JYNT) reported a net loss of $0.8M for fiscal year 2024.

Dividend & Returns

The Joint Corp. (JYNT) has a return on equity (ROE) of -25.5%. Negative ROE indicates the company is unprofitable.

The Joint Corp. (JYNT) generated $1.6M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

US Stock Screener

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The Joint Corp. (JYNT) 10-Year Financial Performance & Capital Metrics

JYNT • • Industrial / General

HealthcareHealthcare FacilitiesAlternative & Wellness ServicesChiropractic & Alternative Care

Revenue $52M +11.0%
EBITDA $3M -68.2%
Net Income -$6M +40.6%
EPS (Diluted) -0.56 +15.2%
Gross Margin 77.92% +0.3%
EBITDA Margin 5.43% -71.3%
Operating Margin -3.62% -634.4%
Net Margin -11.11% +46.5%
ROE -25.51% +25.0%
ROIC -48.02% -5970.9%
Debt/Equity 0.04 -66.7%
Interest Coverage -

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Company is almost debt free
✓Strong Piotroski F-Score: 7/9
✓FCF machine: 15.8% free cash flow margin

✗Weaknesses

✗Thin 5Y average net margin of 0.1%

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y22.04%

5Y1.49%

3Y-13.29%

TTM-98.31%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM95.26%

EPS CAGR

10Y-

5Y-

3Y-

TTM94.6%

ROCE

10Y Avg-10.65%

5Y Avg4.49%

3Y Avg-0.86%

Latest-4.31%

Peer Comparison

Chiropractic & Alternative Care

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
JYNTThe Joint Corp.	156.54M	10.53	-18.80	11.04%	-55.34%	-3.52%	5.26%	0.04

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	13.84M	20.52M	25.16M	31.79M	48.45M	58.68M	80.01M	101.25M	46.98M	52.16M
Revenue Growth %	0.94%	0.48%	0.23%	0.26%	0.52%	0.21%	0.36%	0.27%	-0.54%	0.11%
Cost of Goods Sold+	2.82M	2.94M	3.31M	4.31M	5.57M	6.51M	7.67M	9.17M	10.48M	11.52M
COGS % of Revenue	0.2%	0.14%	0.13%	0.14%	0.11%	0.11%	0.1%	0.09%	0.22%	0.22%
Gross Profit+	11.02M	17.58M	21.85M	27.48M	42.88M	52.18M	72.35M	92.08M	36.5M	40.65M
Gross Margin %	0.8%	0.86%	0.87%	0.86%	0.89%	0.89%	0.9%	0.91%	0.78%	0.78%
Gross Profit Growth %	1.26%	0.6%	0.24%	0.26%	0.56%	0.22%	0.39%	0.27%	-0.6%	0.11%
Operating Expenses+	20.33M	29.09M	24.61M	26.68M	39.47M	46.68M	66.22M	91.25M	36.18M	42.54M
OpEx % of Revenue	1.47%	1.42%	0.98%	0.84%	0.81%	0.8%	0.83%	0.9%	0.77%	0.82%
Selling, General & Admin	19.06M	26.52M	22.59M	25.12M	37.46M	44M	62.27M	81.95M	34.92M	41.1M
SG&A % of Revenue	1.38%	1.29%	0.9%	0.79%	0.77%	0.75%	0.78%	0.81%	0.74%	0.79%
Research & Development	0	0	0	343K	0	0	0	0	0	0
R&D % of Revenue	-	-	-	0.01%	-	-	-	-	-	-
Other Operating Expenses	22.12K	13.29K	-64.45K	-47.77K	2.01M	2.68M	3.95M	9.3M	1.26M	1.44M
Operating Income+	-9.32M	-15.02M	-3.17M	205.11K	3.41M	5.49M	6.13M	828.25K	318.3K	-1.89M
Operating Margin %	-0.67%	-0.73%	-0.13%	0.01%	0.07%	0.09%	0.08%	0.01%	0.01%	-0.04%
Operating Income Growth %	-4.73%	-0.61%	0.79%	1.06%	15.65%	0.61%	0.12%	-0.86%	-0.62%	-6.93%
EBITDA+	-8.05M	-12.46M	-1.16M	1.76M	5.31M	8.23M	10.05M	7.47M	8.9M	2.83M
EBITDA Margin %	-0.58%	-0.61%	-0.05%	0.06%	0.11%	0.14%	0.13%	0.07%	0.19%	0.05%
EBITDA Growth %	-4.68%	-0.55%	0.91%	2.52%	2.02%	0.55%	0.22%	-0.26%	0.19%	-0.68%
D&A (Non-Cash Add-back)	1.27M	2.57M	2.02M	1.56M	1.9M	2.73M	3.92M	6.65M	8.58M	4.72M
EBIT	-9.32M	-11.49M	-2.91M	737.5K	3.53M	5.44M	6.15M	1.24M	297.4K	-1.82M
Net Interest Income+	0	0	0	0	0	0	0	-820.43K	-64.29K	280.29K
Interest Income	0	0	0	0	0	-	-	133.1K	0	280.29K
Interest Expense	0	15K	0	0	0	-	-	953.53K	64.29K	0
Other Income/Expense	283.27K	-1.47K	-64.45K	-33.59K	-42.22K	-79.48K	-69.88K	-133.1K	-64.29K	280.29K
Pretax Income+	-9.03M	-15.01M	-3.24M	215.35K	3.37M	5.41M	6.06M	695.15K	254.01K	-1.61M
Pretax Margin %	-0.65%	-0.73%	-0.13%	0.01%	0.07%	0.09%	0.08%	0.01%	0.01%	-0.03%
Income Tax+	-235.85K	164.43K	35.88K	-37.73K	48.71K	-7.75M	-1.51M	68.45K	11.02M	5.61K
Effective Tax Rate %	0.97%	1.01%	1.01%	1.18%	0.99%	2.43%	1.25%	0.9%	-38.39%	3.6%
Net Income+	-8.8M	-15.17M	-3.28M	253.08K	3.32M	13.17M	7.57M	626.71K	-9.75M	-5.8M
Net Margin %	-0.64%	-0.74%	-0.13%	0.01%	0.07%	0.22%	0.09%	0.01%	-0.21%	-0.11%
Net Income Growth %	-1.9%	-0.72%	0.78%	1.08%	12.13%	2.96%	-0.43%	-0.92%	-16.56%	0.41%
Net Income (Continuing)	-8.8M	-15.17M	-3.43M	146.7K	3.32M	13.17M	7.57M	626.71K	-10.77M	-1.61M
Discontinued Operations	0	0	0	0	0	0	0	0	1.02M	-4.18M
Minority Interest	0	0	0	100	100	100	25K	25K	25K	25K
EPS (Diluted)+	-0.88	-1.20	-0.25	0.02	0.23	0.90	0.44	0.04	-0.66	-0.56
EPS Growth %	-0.57%	-0.36%	0.79%	1.07%	11.78%	2.91%	-0.51%	-0.9%	-16.24%	0.15%
EPS (Basic)	-0.88	-1.20	-0.25	0.02	0.24	0.94	0.46	0.04	-0.66	-0.57
Diluted Shares Outstanding	10.04M	12.7M	13.25M	14.03M	14.47M	14.58M	14.94M	14.87M	14.69M	15.15M
Basic Shares Outstanding	10M	12.64M	13.2M	13.67M	13.82M	14M	14.32M	14.49M	14.69M	14.92M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

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+	19.03M	5.7M	6.66M	11.71M	13.3M	25.35M	26.89M	17.61M	44.34M	74.58M
Cash & Short-Term Investments	16.79M	3.01M	4.22M	8.72M	8.46M	20.55M	19.53M	9.75M	18.15M	25.05M
Cash Only	16.79M	3.01M	4.22M	8.72M	8.46M	20.55M	19.53M	9.75M	18.15M	25.05M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	875.13K	1.1M	1.31M	955.97K	2.77M	2.06M	3.7M	3.91M	2.58M	2.59M
Days Sales Outstanding	23.09	19.64	19.01	10.98	20.9	12.83	16.88	14.1	20.05	18.1
Inventory	991.13K	1.08M	587.9K	749.13K	951.4K	0	0	0	0	0
Days Inventory Outstanding	128.29	134.43	64.79	63.44	62.39	-	-	-	-	-
Other Current Assets	991.13K	1.08M	602.25K	898.74K	0	1.16M	1.38M	3.96M	23.6M	46.94M
Total Non-Current Assets+	14.34M	11.36M	10.25M	11.82M	30.4M	40.53M	60.17M	75.88M	42.87M	8.58M
Property, Plant & Equipment	7.14M	4.72M	3.8M	3.66M	19.07M	20.33M	32.81M	38.06M	4.27M	3.76M
Fixed Asset Turnover	1.94x	4.34x	6.62x	8.69x	2.54x	2.89x	2.44x	2.66x	11.00x	13.86x
Goodwill	2.47M	2.75M	2.92M	2.92M	4.15M	4.63M	5.09M	8.49M	7.35M	0
Intangible Assets	2.54M	2.34M	1.76M	1.63M	3.22M	2.87M	4.71M	10.93M	5.02M	0
Long-Term Investments	15.82K	0	351.86K	128.72K	0	0	0	0	0	0
Other Non-Current Assets	2.19M	1.54M	1.78M	3.61M	3.96M	4.77M	6.07M	6.46M	25.19M	4.81M
Total Assets+	33.36M	17.05M	16.91M	23.53M	43.71M	65.88M	87.06M	93.49M	87.21M	83.15M
Asset Turnover	0.41x	1.20x	1.49x	1.35x	1.11x	0.89x	0.92x	1.08x	0.54x	0.63x
Asset Growth %	0.17%	-0.49%	-0.01%	0.39%	0.86%	0.51%	0.32%	0.07%	-0.07%	-0.05%
Total Current Liabilities+	7.49M	5.86M	4.97M	8.74M	13.57M	18.46M	21.44M	23.22M	33.57M	49.04M
Accounts Payable	2M	1.05M	1.07M	1.25M	1.53M	1.56M	1.71M	2.97M	1.25M	1.75M
Days Payables Outstanding	258.48	130.99	117.77	106.13	100.06	87.59	81.22	118.07	43.67	55.49
Short-Term Debt	451.85K	331.5K	100K	1.1M	0	2.73M	0	0	0	0
Deferred Revenue (Current)	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Liabilities	3.55M	649.59K	3.34M	5.88M	921.39K	955.55K	925.72K	1.4M	27.37M	39.2M
Current Ratio	2.54x	0.97x	1.34x	1.34x	0.98x	1.37x	1.25x	0.76x	1.32x	1.52x
Quick Ratio	2.41x	0.79x	1.22x	1.25x	0.91x	1.37x	1.25x	0.76x	1.32x	1.52x
Cash Conversion Cycle	-107.11	23.09	-33.97	-31.72	-16.77	-	-	-	-	-
Total Non-Current Liabilities+	5.2M	4.27M	7.04M	12.43M	24.42M	26.3M	35.31M	37.69M	28.86M	13.43M
Long-Term Debt	130K	0	1M	0	0	2M	2M	2M	2M	0
Capital Lease Obligations	0	0	0	0	11.94M	10.77M	16.96M	18.74M	448.31K	311.69K
Deferred Tax Liabilities	457.29K	120.7K	136.43K	76.67K	89.86K	0	0	0	57.15K	0
Other Non-Current Liabilities	238.65K	1.91M	1.21M	1.11M	27.23K	27.23K	3.4M	2.79M	12.76M	672.33K
Total Liabilities	12.68M	10.13M	12.01M	21.17M	37.99M	44.75M	56.75M	60.9M	62.44M	62.48M
Total Debt+	581.85K	331.5K	1.1M	1.1M	14.27M	18.48M	23.62M	26.06M	2.86M	795.03K
Net Debt	-16.21M	-2.68M	-3.12M	-7.62M	5.82M	-2.07M	4.1M	16.31M	-15.29M	-24.26M
Debt / Equity	0.03x	0.05x	0.22x	0.47x	2.50x	0.87x	0.78x	0.80x	0.12x	0.04x
Debt / EBITDA	-	-	-	0.62x	2.69x	2.25x	2.35x	3.49x	0.32x	0.28x
Net Debt / EBITDA	-	-	-	-4.32x	1.09x	-0.25x	0.41x	2.18x	-1.72x	-8.56x
Interest Coverage	-	-1001.52x	-	-	-	-	-	0.87x	4.95x	-
Total Equity+	20.68M	6.93M	4.9M	2.36M	5.72M	21.13M	30.31M	32.59M	24.77M	20.68M
Equity Growth %	0.32%	-0.67%	-0.29%	-0.52%	1.42%	2.69%	0.43%	0.08%	-0.24%	-0.17%
Book Value per Share	2.06	0.55	0.37	0.17	0.40	1.45	2.03	2.19	1.69	1.37
Total Shareholders' Equity	20.68M	6.93M	4.9M	2.36M	5.72M	21.13M	30.28M	32.56M	24.75M	20.65M
Common Stock	13.07K	13.32K	13.6K	13.76K	13.9K	14.17K	14.45K	14.56K	14.78K	15.19K
Retained Earnings	-13.81M	-28.98M	-32.26M	-35.75M	-33.64M	-20.09M	-12.78M	-12.15M	-21.91M	-27.7M
Treasury Stock	-791.64K	-503.12K	-86.05K	-90.86K	-111.04K	-143.11K	-850.84K	-856.64K	-860.48K	-870.06K
Accumulated OCI	-1.1M	-2.57M	-3.93M	-4.91M	0	0	0	0	0	0
Minority Interest	0	0	0	100	100	100	25K	25K	25K	25K

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+	-6.8M	-10.85M	156.44K	5.45M	7.52M	11.18M	13.84M	8.21M	14.68M	9.42M
Operating CF Margin %	-0.49%	-0.53%	0.01%	0.17%	0.16%	0.19%	0.17%	0.08%	0.31%	0.18%
Operating CF Growth %	-14.54%	-0.6%	1.01%	33.85%	0.38%	0.49%	0.24%	-0.41%	0.79%	-0.36%
Net Income	-8.8M	-15.17M	-3.28M	253.08K	3.32M	13.17M	7.57M	626.71K	-9.75M	-8.53M
Depreciation & Amortization	1.27M	2.57M	2.02M	1.56M	1.9M	2.73M	3.92M	6.65M	8.58M	4.72M
Stock-Based Compensation	825.14K	1.12M	594.37K	628.43K	720.65K	885.98K	1.06M	1.27M	1.74M	1.68M
Deferred Taxes	40.8K	120.7K	15.73K	-77.02K	1.78K	0	-1.78M	0	10.9M	-55.56K
Other Non-Cash Items	-1.33M	3.13M	423.72K	308.98K	-18.89K	-6.04M	-7.77K	3.61M	2.41M	10.5M
Working Capital Changes	1.2M	-2.61M	380.52K	2.78M	1.6M	433.24K	3.09M	-3.95M	798.62K	1.1M
Change in Receivables	-99.96K	-999.52K	-124.11K	-75.33K	-1.84M	794.59K	-1.64M	-154.67K	192.35K	-1.65M
Change in Inventory	1.25M	-998.42K	-718.64K	1.11M	3.39M	0	0	0	0	0
Change in Payables	-291.48K	-953.08K	-36.75K	63.57K	75.89K	0	-14.37K	0	-1.38M	68.26K
Cash from Investing+	-10.01M	-2.7M	-372.85K	-1.24M	-7.14M	-4.6M	-12.75M	-17.9M	-6.19M	-631.55K
Capital Expenditures	-5.14M	-1.89M	-449.2K	-1.39M	-4.17M	-3.16M	-6.99M	-5.9M	-5M	-1.19M
CapEx % of Revenue	0.37%	0.09%	0.02%	0.04%	0.09%	0.05%	0.09%	0.06%	0.11%	0.02%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	53.89K	35.91K	76.35K	245.71K	149.35K	-910.78K	0	105.2K	0	0
Cash from Financing+	12.81M	-239.85K	1.42M	326.3K	-596.96K	5.6M	-2M	328.61K	174.12K	-2M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	-1.35M	-12.46K	361.6K	326.3K	545.18K	3.74M	811.59K	384.27K	0	0
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	-11.94M	-12.74M	-292.76K	4.06M	3.36M	8.03M	6.85M	2.31M	9.68M	8.23M
FCF Margin %	-0.86%	-0.62%	-0.01%	0.13%	0.07%	0.14%	0.09%	0.02%	0.21%	0.16%
FCF Growth %	-6.44%	-0.07%	0.98%	14.88%	-0.17%	1.39%	-0.15%	-0.66%	3.19%	-0.15%
FCF per Share	-1.19	-1.00	-0.02	0.29	0.23	0.55	0.46	0.16	0.66	0.54
FCF Conversion (FCF/Net Income)	0.77x	0.71x	-0.05x	21.54x	2.26x	0.85x	1.83x	13.10x	-1.51x	-1.62x
Interest Paid	0	15.26K	108.02K	0	0	42.83K	0	71.25K	173.06K	69.44K
Taxes Paid	0	11.25K	29.32K	0	0	0	0	0	569.76K	610.49K

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-48.46%	-109.94%	-55.4%	6.97%	82.25%	98.09%	29.42%	1.99%	-34%	-25.51%
Return on Invested Capital (ROIC)	-156.38%	-258.56%	-78.98%	-	81.54%	26.93%	17.19%	1.49%	0.82%	-48.02%
Gross Margin	79.62%	85.68%	86.84%	86.44%	88.51%	88.91%	90.42%	90.94%	77.69%	77.92%
Net Margin	-63.59%	-73.93%	-13.02%	0.8%	6.86%	22.44%	9.46%	0.62%	-20.76%	-11.11%
Debt / Equity	0.03x	0.05x	0.22x	0.47x	2.50x	0.87x	0.78x	0.80x	0.12x	0.04x
Interest Coverage	-	-1001.52x	-	-	-	-	-	0.87x	4.95x	-
FCF Conversion	0.77x	0.71x	-0.05x	21.54x	2.26x	0.85x	1.83x	13.10x	-1.51x	-1.62x
Revenue Growth	94.41%	48.34%	22.61%	26.33%	52.41%	21.12%	36.34%	26.55%	-53.6%	11.04%

Revenue by Segment

	2016	2017	2018	2019	2020	2021	2022	2023	2024
Royalty	-	-	-	13.56M	15.89M	22.06M	26.19M	29.16M	32.14M
Royalty Growth	-	-	-	-	17.18%	38.88%	18.71%	11.34%	10.23%
Advertising	-	-	-	3.88M	4.51M	6.3M	7.46M	8.32M	9.18M
Advertising Growth	-	-	-	-	16.02%	39.78%	18.38%	11.59%	10.33%
Technology Service	-	-	-	1.87M	2.69M	3.38M	4.29M	5.09M	5.69M
Technology Service Growth	-	-	-	-	44.42%	25.58%	26.80%	18.55%	11.81%
Franchise	-	-	1.69M	1.79M	2.1M	2.66M	2.44M	2.88M	3M
Franchise Growth	-	-	-	6.13%	17.26%	26.58%	-8.19%	18.09%	3.99%
Product and Service, Other	-	-	-	740.92K	847.1K	1.26M	1.45M	1.53M	1.89M
Product and Service, Other Growth	-	-	-	-	14.33%	48.50%	15.33%	5.20%	23.60%
Revenues and Management Fees from Company Clinics	-	-	-	25.81M	31.77M	44.35M	59.42M	70.72M	-
Revenues and Management Fees from Company Clinics Growth	-	-	-	-	23.11%	39.59%	33.99%	19.01%	-
Regional Developer Fees	-	-	599.37K	803.85K	876.8K	848.64K	659.1K	-	-
Regional Developer Fees Growth	-	-	-	34.12%	9.08%	-3.21%	-22.33%	-	-
Franchise Operations	11.97M	14.04M	-	-	-	-	-	-	-
Franchise Operations Growth	-	17.25%	-	-	-	-	-	-	-
Corporate Clinics	8.55M	11.13M	-	-	-	-	-	-	-
Corporate Clinics Growth	-	30.12%	-	-	-	-	-	-	-

Frequently Asked Questions

Growth & Financials

The Joint Corp. (JYNT) reported $1.4M in revenue for fiscal year 2024. This represents a 48% decrease from $2.8M in 2012.

The Joint Corp. (JYNT) grew revenue by 11.0% over the past year. This is steady growth.

The Joint Corp. (JYNT) reported a net loss of $0.8M for fiscal year 2024.

Dividend & Returns

The Joint Corp. (JYNT) has a return on equity (ROE) of -25.5%. Negative ROE indicates the company is unprofitable.

The Joint Corp. (JYNT) generated $1.6M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.