Revenue growth remains inconsistent with a 3.8% year-over-year increase in 2026Q1, while structural margin constraints keep operating margins trapped in the low single digits at 4.7%.
| Metric | TTM | Dec'25 | Dec'24 | Dec'23 | Dec'22 | Dec'21 | Dec'20 | Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 | Dec'07 | Dec'06 | Dec'05 | Dec'04 | Dec'03 | Dec'02 | Dec'01 | Dec'00 | Dec'99 | Dec'98 | Dec'97 | Dec'96 |
|---|
| Sales/Revenue | 1.61B | 1.6B | 1.66B | 1.66B | 1.49B | 1.28B | 1.15B | 1.62B | 1.66B | 1.41B | 1.28B | 1.46B | 1.38B | 1.2B | 1.13B | 966.57M | 813.52M | 701.05M | 1.07B | 1.07B | 1.06B | 932.9M | 808.72M | 624.29M | 634.46M | 636.42M | 754.67M | 717.2M | 551.8M | 441.1M | 347.7M |
| Revenue Growth % | -1.78% | -3.45% | -0.21% | 11.17% | 16.91% | 10.84% | -28.81% | -2.4% | 17.35% | 10.65% | -12.77% | 6.17% | 14.59% | 6.1% | 17.33% | 18.81% | 16.04% | -34.41% | -0.25% | 1.44% | 13.22% | 15.36% | 29.54% | -1.6% | -0.31% | -15.67% | 5.22% | 29.97% | 25.1% | 26.86% | -6.38% |
| Cost of Goods Sold | 990.6M | 1.33B | 1.37B | 1.39B | 1.28B | 1.1B | 986.8M | 1.36B | 1.39B | 1.18B | 1.07B | 1.23B | 1.14B | 992.2M | 927.03M | 799.25M | 679.42M | 597.2M | 919.3M | 912.34M | 908.1M | 796.28M | 682.66M | 527.59M | 546.86M | 550.4M | 605.16M | 572.7M | 442.4M | 358.3M | 281.4M |
| COGS % of Revenue | - | 83.04% | 83.01% | 83.65% | 85.9% | 86.07% | 85.65% | 83.92% | 83.63% | 83.4% | 84.1% | 83.93% | 82.99% | 82.46% | 81.75% | 82.69% | 83.52% | 85.19% | 86.02% | 85.15% | 85.97% | 85.36% | 84.41% | 84.51% | 86.19% | 86.48% | 80.19% | 79.85% | 80.17% | 81.23% | 80.93% |
| Gross Profit | 203.1M | 271.2M | 281.4M | 271.4M | 210.5M | 177.9M | 165.3M | 260.3M | 271.5M | 234.6M | 203M | 235.2M | 234.5M | 211M | 207.02M | 167.32M | 134.1M | 103.85M | 149.46M | 159.1M | 148.15M | 136.62M | 126.06M | 96.71M | 87.6M | 86.02M | 149.52M | 144.5M | 109.4M | 82.8M | 66.3M |
| Gross Margin % | 12.58% | 16.96% | 16.99% | 16.35% | 14.1% | 13.93% | 14.35% | 16.08% | 16.37% | 16.6% | 15.9% | 16.07% | 17.01% | 17.54% | 18.25% | 17.31% | 16.48% | 14.81% | 13.98% | 14.85% | 14.03% | 14.64% | 15.59% | 15.49% | 13.81% | 13.52% | 19.81% | 20.15% | 19.83% | 18.77% | 19.07% |
| Gross Profit Growth % | - | -3.62% | 3.68% | 28.93% | 18.32% | 7.62% | -36.5% | -4.13% | 15.73% | 15.57% | -13.69% | 0.3% | 11.14% | 1.92% | 23.72% | 24.78% | 29.13% | -30.52% | -6.06% | 7.39% | 8.44% | 8.37% | 30.35% | 10.4% | 1.83% | -42.47% | 3.47% | 32.08% | 32.13% | 24.89% | 1.69% |
| Operating Expenses | 194.4M | 189.6M | 194.8M | 187.3M | 177.1M | 161.6M | 146.8M | 177.2M | 176.1M | 147.7M | 129.8M | 135.1M | 136.6M | 119.3M | 117.21M | 105.58M | 91.75M | 81.49M | 195.08M | 96.38M | 90.3M | 82.13M | 77.05M | 62.67M | 57.83M | 72.25M | 100.89M | 91.3M | 69.3M | 54.8M | 46.1M |
| OpEx % of Revenue | - | 11.86% | 11.76% | 11.29% | 11.86% | 12.65% | 12.74% | 10.95% | 10.62% | 10.45% | 10.17% | 9.23% | 9.91% | 9.92% | 10.34% | 10.92% | 11.28% | 11.62% | 18.25% | 9% | 8.55% | 8.8% | 9.53% | 10.04% | 9.11% | 11.35% | 13.37% | 12.73% | 12.56% | 12.42% | 13.26% |
| Selling, General & Admin | 193.1M | 189.6M | 187.4M | 181.5M | 162.2M | 155.9M | 140.2M | 177.2M | 176.1M | 147.7M | 129.8M | 135.1M | 136.6M | 119.3M | 117.21M | 105.58M | 91.75M | 87.79M | 105.55M | 98.68M | 90.3M | 82.13M | 77.05M | 62.67M | 57.83M | 68.52M | 80.84M | 72.6M | 56.5M | 44.4M | 38.1M |
| SG&A % of Revenue | - | 11.86% | 11.32% | 10.94% | 10.86% | 12.21% | 12.17% | 10.95% | 10.62% | 10.45% | 10.17% | 9.23% | 9.91% | 9.92% | 10.34% | 10.92% | 11.28% | 12.52% | 9.88% | 9.21% | 8.55% | 8.8% | 9.53% | 10.04% | 9.11% | 10.77% | 10.71% | 10.12% | 10.24% | 10.07% | 10.96% |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 1000K | 0 | 7.4M | 5.8M | 14.9M | 5.7M | 6.6M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 89.53M | -2.3M | 0 | 0 | 0 | 0 | 0 | 3.73M | 20.05M | 18.7M | 12.8M | 10.4M | 8M |
| Operating Income | 80.1M | 81.6M | 86.6M | 84.1M | 33.4M | 16.3M | 18.5M | 83.1M | 97.3M | 90.2M | 69.2M | 97.9M | 97.9M | 86.5M | 76.81M | 56.38M | 38.8M | 10.86M | -70.95M | 62.72M | 58.66M | 53.54M | 49.01M | 15.23M | 16.17M | -4.39M | 48.63M | 53.2M | 40.1M | 28M | 20.2M |
| Operating Margin % | 4.96% | 5.1% | 5.23% | 5.07% | 2.24% | 1.28% | 1.61% | 5.13% | 5.87% | 6.38% | 5.42% | 6.69% | 7.1% | 7.19% | 6.77% | 5.83% | 4.77% | 1.55% | -6.64% | 5.85% | 5.55% | 5.74% | 6.06% | 2.44% | 2.55% | -0.69% | 6.44% | 7.42% | 7.27% | 6.35% | 5.81% |
| Operating Income Growth % | - | -5.77% | 2.97% | 151.8% | 104.91% | -11.89% | -77.74% | -14.59% | 7.87% | 30.35% | -29.32% | 0% | 13.18% | 12.62% | 36.22% | 45.31% | 257.47% | 115.3% | -213.11% | 6.92% | 9.57% | 9.24% | 221.73% | -5.77% | 467.85% | -109.04% | -8.59% | 32.67% | 43.21% | 38.61% | -15.13% |
| EBITDA | 104.8M | 114.6M | 120.2M | 115.8M | 63.6M | 47.1M | 46.7M | 117.3M | 133.6M | 121.7M | 98.7M | 126.6M | 121.1M | 105.7M | 94.8M | 72.56M | 55.94M | 29.77M | -50.02M | 83.33M | 78.8M | 70.89M | 64.48M | 30.8M | 32.47M | 15.52M | 68.68M | 71.9M | 52.9M | 38.4M | 28.2M |
| EBITDA Margin % | 6.49% | 7.17% | 7.26% | 6.98% | 4.26% | 3.69% | 4.05% | 7.25% | 8.06% | 8.61% | 7.73% | 8.65% | 8.78% | 8.78% | 8.36% | 7.51% | 6.88% | 4.25% | -4.68% | 7.78% | 7.46% | 7.6% | 7.97% | 4.93% | 5.12% | 2.44% | 9.1% | 10.03% | 9.59% | 8.71% | 8.11% |
| EBITDA Growth % | -8.87% | -4.66% | 3.8% | 82.08% | 35.03% | 0.86% | -60.19% | -12.2% | 9.78% | 23.3% | -22.04% | 4.54% | 14.57% | 11.5% | 30.65% | 29.72% | 87.87% | 159.53% | -160.02% | 5.75% | 11.17% | 9.94% | 109.38% | -5.17% | 109.29% | -77.41% | -4.48% | 35.92% | 37.76% | 36.17% | -16.57% |
| D&A (Non-Cash Add-back) | 24.7M | 33M | 33.6M | 31.7M | 30.2M | 30.8M | 28.2M | 34.2M | 36.3M | 31.5M | 29.5M | 28.7M | 23.2M | 19.2M | 17.99M | 16.18M | 17.13M | 18.92M | 20.93M | 20.61M | 20.14M | 17.35M | 15.47M | 15.56M | 16.31M | 19.91M | 20.05M | 18.7M | 12.8M | 10.4M | 8M |
| EBIT | 59.1M | 81.6M | 91.8M | 86.6M | 44.5M | 26M | 25.8M | 88.7M | 106.1M | 79.2M | 69.2M | 97.9M | 97.9M | 86.2M | 76.51M | 49.05M | 41.01M | 17.15M | -70.95M | 62.72M | 57.85M | 54.48M | 49.01M | 34.04M | 29.77M | 13.77M | 48.63M | 53.2M | 40.1M | 28M | 20.2M |
| Net Interest Income | -24.2M | -47.5M | -47.4M | -45.1M | -33.8M | -27.1M | -27.6M | -33.8M | -34.3M | -31.5M | -28.2M | -27.9M | -26.1M | -25.9M | -26M | -32.2M | -23.79M | -23.19M | -27.87M | -31.55M | -31.27M | -27.06M | -31.41M | -26.15M | -27.62M | -31.11M | -30.81M | 0 | -17.5M | 0 | -6.9M |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 900K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 24.2M | 47.5M | 47.4M | 45.1M | 33.8M | 27.1M | 27.6M | 33.8M | 34.3M | 31.5M | 28.2M | 27.9M | 26.1M | 26.8M | 26.05M | 24.82M | 23.79M | 23.19M | 27.87M | 31.55M | 31.27M | 27.06M | 31.41M | 26.15M | 27.62M | 31.11M | 30.81M | 0 | 17.5M | 0 | 6.9M |
| Other Income/Expense | -46.3M | -57.8M | -42.2M | -42.6M | -22.7M | -17.4M | -20.3M | -28.2M | -25.5M | -32.8M | -32.2M | -27.9M | -26.1M | -26.2M | -26.35M | -35.87M | -21.58M | -16.89M | -27.87M | -31.55M | -31.27M | -27.06M | -31.41M | -26.15M | -27.62M | -32.96M | -40.93M | -24.7M | -17.5M | -8.8M | -5.4M |
| Pretax Income | 23.6M | 23.8M | 44.4M | 41.5M | 10.7M | -1.1M | -1.8M | 54.9M | 71.8M | 47.7M | 41M | 70M | 71.8M | 60.3M | 50.46M | 24.23M | 17.22M | -6.04M | -98.82M | 31.17M | 27.4M | 26.48M | 17.6M | -10.92M | -11.46M | -37.35M | 7.7M | 28.5M | 22.6M | 19.2M | 14.8M |
| Pretax Margin % | 1.46% | 1.49% | 2.68% | 2.5% | 0.72% | -0.09% | -0.16% | 3.39% | 4.33% | 3.38% | 3.21% | 4.78% | 5.21% | 5.01% | 4.45% | 2.51% | 2.12% | -0.86% | -9.25% | 2.91% | 2.59% | 2.84% | 2.18% | -1.75% | -1.81% | -5.87% | 1.02% | 3.97% | 4.1% | 4.35% | 4.26% |
| Income Tax | -700K | 2.8M | 4.9M | 8.5M | -700K | -1M | -1.3M | 15.2M | 16.6M | 18.2M | 8.8M | 21.3M | 24.9M | 19.4M | 18.67M | -5.2M | 2.03M | -828K | 20.99M | 9.98M | 3.22M | -4.32M | 3.4M | 904K | 897K | -11.4M | 7.18M | 12.2M | 9.7M | 7.9M | 5.1M |
| Effective Tax Rate % | -2.97% | 11.76% | 11.04% | 20.48% | -6.54% | 90.91% | 72.22% | 27.69% | 23.12% | 38.16% | 21.46% | 30.43% | 34.68% | 32.17% | 37% | -21.47% | 11.81% | 13.72% | -21.24% | 32% | 11.75% | -16.32% | 19.32% | -8.28% | -7.83% | 30.52% | 93.27% | 42.81% | 42.92% | 41.15% | 34.46% |
| Net Income | 23.6M | 23.8M | 31.8M | 7.8M | -14.2M | -24.8M | -4.5M | 38.6M | 53.6M | 28.6M | 31.7M | 48.1M | 45.6M | 43.4M | 31.79M | 29.43M | 15.19M | -5.21M | -119.8M | 21.2M | 24.18M | 30.81M | 14.2M | -11.82M | -61.15M | -25.95M | 518K | 16.3M | 12.9M | 9.8M | 21.3M |
| Net Margin % | 1.46% | 1.49% | 1.92% | 0.47% | -0.95% | -1.94% | -0.39% | 2.39% | 3.23% | 2.02% | 2.48% | 3.29% | 3.31% | 3.61% | 2.8% | 3.05% | 1.87% | -0.74% | -11.21% | 1.98% | 2.29% | 3.3% | 1.76% | -1.89% | -9.64% | -4.08% | 0.07% | 2.27% | 2.34% | 2.22% | 6.13% |
| Net Income Growth % | -22.62% | -25.16% | 307.69% | 154.93% | 42.74% | -451.11% | -111.66% | -27.99% | 87.41% | -9.78% | -34.1% | 5.48% | 5.07% | 36.54% | 7.99% | 93.82% | 391.55% | 95.65% | -665.19% | -12.33% | -21.52% | 116.97% | 220.12% | 80.67% | -135.63% | -5110.23% | -96.82% | 26.36% | 31.63% | -53.99% | -11.25% |
| Net Income (Continuing) | 21.3M | 21M | 39.5M | 33M | 11.4M | -100K | -500K | 39.7M | 55.2M | 29.5M | 32.2M | 48.7M | 46.9M | 40.9M | 34.2M | 31.7M | 15.19M | -5.21M | -119.8M | 21.2M | 24.18M | 30.81M | 14.2M | -11.82M | -12.35M | -25.95M | 518K | 16.3M | 12.9M | 11.3M | 9.7M |
| Discontinued Operations | -100K | -1M | -10.4M | -26.2M | -24.3M | -25.9M | -4.3M | 0 | 0 | 0 | 0 | 0 | 0 | 3M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 1.6M | 1.9M | 6.3M | 9.5M | 11.4M | 10.7M | 13.7M | 14M | 13.6M | 12M | 10M | 6.9M | 6.3M | 5M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 1.67 | 1.70 | 3.19 | 0.62 | 0.93 | -2.12 | -0.40 | 3.12 | 4.29 | 2.30 | 2.58 | 3.88 | 3.68 | 3.56 | 2.62 | 2.45 | 1.29 | -0.47 | -10.88 | 1.82 | 2.11 | 2.70 | 1.34 | -1.13 | -5.86 | -2.49 | 0.05 | 1.51 | 1.16 | 0.88 | 1.84 |
| EPS Growth % | -36.09% | -46.71% | 414.52% | -33.33% | 143.87% | -430% | -112.82% | -27.27% | 86.52% | -10.85% | -33.51% | 5.43% | 3.37% | 35.88% | 6.94% | 89.92% | 374.47% | 95.68% | -697.8% | -13.74% | -21.85% | 101.49% | 218.58% | 80.72% | -135.34% | -5080% | -96.69% | 30.17% | 31.82% | -52.17% | -21.37% |
| EPS (Basic) | - | 1.72 | 3.27 | 0.63 | 0.93 | -2.12 | -0.40 | 3.16 | 4.37 | 2.34 | 2.62 | 3.94 | 3.77 | 3.65 | 2.67 | 2.54 | 1.34 | -0.47 | -10.88 | 1.91 | 2.20 | 2.82 | 1.34 | -1.13 | -5.86 | -2.49 | 0.05 | 1.52 | 1.18 | 0.92 | 2.05 |
| Diluted Shares Outstanding | 14.1M | 14M | 13.24M | 12.51M | 12.19M | 12.27M | 12.06M | 12.38M | 12.51M | 12.5M | 12.3M | 12.4M | 12.4M | 12.2M | 12.12M | 12M | 11.81M | 10.97M | 11.01M | 11.65M | 11.46M | 11.41M | 11.16M | 10.46M | 10.44M | 10.43M | 10.36M | 10.79M | 11.12M | 11.14M | 11.58M |
| Basic Shares Outstanding | 13.8M | 13.8M | 12.9M | 12.3M | 12.19M | 12.27M | 12.06M | 12.23M | 12.26M | 12.2M | 12.1M | 12.2M | 12.1M | 11.9M | 11.92M | 11.58M | 11.31M | 10.97M | 11.01M | 11.1M | 10.99M | 10.92M | 10.6M | 10.46M | 10.44M | 10.42M | 10.36M | 10.72M | 10.93M | 10.65M | 10.39M |
| Dividend Payout Ratio | - | 32.77% | 21.07% | 94.87% | - | - | - | 18.13% | 11.94% | 24.13% | 19.56% | 13.1% | 10.31% | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Thin Operating Margin Sensitivity
According to the provided quarterly income statements, PKOH has experienced inconsistent top-line performance, with recent figures showing a 3.8% year-over-year increase in 2026Q1 following several quarters of contraction, suggesting that the company's core industrial and automotive end-markets remain subject to significant cyclical volatility.
The revenue trajectory appears highly sensitive to broader industrial production indices, as evidenced by the alternating periods of growth and decline. Investors should monitor whether the recent uptick represents a sustainable recovery or merely a temporary fluctuation in demand for the company's fastener and component segments.
As reported in the financial data, PKOH maintains a narrow gross margin profile hovering around 17%, which leaves the company with limited buffer to absorb inflationary cost pressures or shifts in product mix within its highly competitive industrial distribution and manufacturing business segments.
The consistent gross margin range suggests that the company lacks significant pricing power, likely due to the commoditized nature of its fastener distribution business. Without a meaningful shift toward higher-margin engineered products, profitability will likely remain constrained by the high variable costs inherent in its current operating model.
Based on the income statement history, PKOH's operating income has struggled to scale effectively, with operating margins remaining in the low single digits, indicating that SG&A expenses continue to consume a disproportionate share of the gross profit generated by the company's three primary business segments.
The inability to expand operating margins during periods of revenue growth suggests a lack of operational efficiency or a high fixed-cost burden that prevents meaningful flow-through to the bottom line. This structural limitation warrants further investigation into the company's ability to optimize its manufacturing footprint and administrative overhead.
Data from the reported income statements reveals significant volatility in net income, highlighted by a sharp drop to $0.8 million in 2025Q4 from previous levels, which suggests that non-operating items or tax anomalies may be distorting the underlying quality of the company's reported earnings per share.
The wide swings in net income, including a negative quarter in 2023Q4, indicate that investors should be cautious when relying on headline EPS figures. The presence of stock-based compensation and potential restructuring charges further complicates the assessment of true operational profitability and long-term earnings sustainability.
An analytical challenge to the current narrative is that PKOH's thin net margins, which averaged approximately 1.49% recently, leave the firm exceptionally vulnerable to even minor declines in automotive production or industrial demand, potentially threatening the company's ability to maintain positive net income in future periods.
Short-term observers might argue that the company's reliance on long-term automotive contracts provides stability, but the historical data suggests these contracts may not sufficiently protect against margin erosion during downturns. The risk of under-absorption of fixed costs in the Assembly Components segment remains a critical concern for fundamental stability.
Quick answers to the most common questions about buying PKOH stock.
For fiscal year 2025, Park-Ohio Holdings Corp. (PKOH) reported total revenue of $1.60B. This represents a 359.9% increase compared to $347.7M in 1996.
Park-Ohio Holdings Corp. (PKOH) is profitable, generating $23.8M in net income for the fiscal year ending 2025 with a net profit margin of 1.5%.
Park-Ohio Holdings Corp. (PKOH) reported an operating income of $81.6M, resulting in an operating profit margin of 5.1%. This margin reflects the operational efficiency of the business before interest and taxes.
Park-Ohio Holdings Corp. (PKOH) generated $271.2M in gross profit for the year, representing a gross profit margin of 17.0%. This demonstrates the company's core pricing power and production efficiency.