SPAR Group, Inc. (SGRP) 10-Year Financial Performance & Capital Metrics

SGRP • • Industrial / General

IndustrialsBusiness ServicesProfessional & Technical ServicesConsulting & Advisory Services

AboutSPAR Group, Inc., together with its subsidiaries, provides merchandising and brand marketing services worldwide. The company offers syndicated and dedicated merchandising services at the retail store level for retailers, manufacturers, and distributors; and project services, such as new product launches, special seasonal or promotional merchandising, product support, product recalls, and in-store product demonstrations and in-store product sampling, as well as kiosk product replenishment, inventory control, new and existing store resets, re-merchandising, remodels and category implementations, and under annual or stand-alone project contracts or agreements. It also provides retailer specific services consisting of in-store services, including new store openings, new store sets and existing store resets and remodels, and under annual or stand-alone project contracts or agreements. In addition, the company assembles furniture, grills, and other products in stores, homes, and offices; performs ongoing routed coverage at retail locations; and offers in-home and in-office assembly to customers who purchase their product from retailers. Further, it provides staff and distribution center experienced resources to retailers and consumer goods manufacturers; offers retail compliance and price audit services initiated by retailers and manufacturers and focuses on validating store promotions, auditing compliance with branding and signage, verifying product placement and displays, collecting inventory levels, and out-of-stock status; and competitive price intelligence gathering for retailers, as well as ensuring price accuracy and consistency within the retail itself. The company serves grocery and drug, discount, dollar, convenience, cash and carry, home improvement, consumer electronics, automotive, and office supply stores; pharmacies; and mass merchandisers. SPAR Group, Inc. was founded in 1967 and is headquartered in Auburn Hills, Michigan.Show more

Revenue $43M -5.5%
EBITDA $1M -69.1%
Net Income -$4M -708.9%
EPS (Diluted) -0.13 -181.3%
Gross Margin 20.65% -7.1%
EBITDA Margin 2.61% -67.3%
Operating Margin -2.23% -206.7%
Net Margin -8.96% -744.2%
ROE -12.06% -838.7%
ROIC -1.8% -230.9%
Debt/Equity 0.78 +58.6%
Interest Coverage -0.43 -187.1%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Share count reduced 3.0% through buybacks
✓Trading at only 0.8x book value

✗Weaknesses

✗Weak Piotroski F-Score: 3/9
✗Negative free cash flow
✗Weak momentum: RS Rating 17 (bottom 17%)
✗Low quality earnings: Net income not backed by cash flow
✗Sales declining 29.7% over 5 years
✗Trading more than 30% below 52-week high

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-9.82%

5Y-29.71%

3Y-44.63%

TTM-24.81%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM-555.88%

EPS CAGR

10Y-

5Y-

3Y-

TTM-274.73%

ROCE

10Y Avg13.19%

5Y Avg9.85%

3Y Avg4.39%

Latest-2.84%

Peer Comparison

Consulting & Advisory Services

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
RHLDResolute Holdings Management, Inc.	1.93B	226.37	69.02	7.67%	32.04%	343.07%	7.44%
CBZCBIZ, Inc.	2.8B	51.51	66.04	13.97%	3.89%	5.56%	3.95%	1.03
LZLegalZoom.com, Inc.	1.63B	9.22	57.63	3.2%	3.05%	11.01%	6.11%	0.08
TRIThomson Reuters Corporation	55.53B	124.84	25.53	6.83%	23.82%	14.95%	3.17%	0.26
BLMZHarrison Global Holdings Inc.	29.3K	0.02	-0.00	71.48%	-13.6%	-16.51%		0.08
SGRPSPAR Group, Inc.	20.12M	0.84	-6.46	-5.48%	-14.66%	-129.98%		0.78
LICNLichen International Limited	51.57M	3.18	-7.76	4.32%	-10.7%	-13.25%		0.00
ZGMZenta Group Company Limited Ordinary Shares	32.83M	2.78		135.19%	39.37%	71.65%		0.00

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	119.28M	134.32M	181.38M	229.19M	252.88M	230.52M	255.72M	261.27M	45.92M	43.4M
Revenue Growth %	-0.02%	0.13%	0.35%	0.26%	0.1%	-0.09%	0.11%	0.02%	-0.82%	-0.05%
Cost of Goods Sold+	90.02M	104.78M	144.6M	184.9M	203.63M	185.33M	208.2M	210.26M	35.72M	34.44M
COGS % of Revenue	0.75%	0.78%	0.8%	0.81%	0.81%	0.8%	0.81%	0.8%	0.78%	0.79%
Gross Profit+	29.26M	29.54M	36.78M	44.29M	49.25M	45.19M	47.52M	51.01M	10.2M	8.96M
Gross Margin %	0.25%	0.22%	0.2%	0.19%	0.19%	0.2%	0.19%	0.2%	0.22%	0.21%
Gross Profit Growth %	-0.04%	0.01%	0.24%	0.2%	0.11%	-0.08%	0.05%	0.07%	-0.8%	-0.12%
Operating Expenses+	26M	27.34M	32.69M	40.56M	39.06M	35.47M	43.34M	45.63M	9.25M	9.93M
OpEx % of Revenue	0.22%	0.2%	0.18%	0.18%	0.15%	0.15%	0.17%	0.17%	0.2%	0.23%
Selling, General & Admin	24.09M	25.24M	30.56M	38.45M	36.87M	33.34M	36.78M	41.13M	8.79M	8.07M
SG&A % of Revenue	0.2%	0.19%	0.17%	0.17%	0.15%	0.14%	0.14%	0.16%	0.19%	0.19%
Research & Development	1M	1.2M	1.2M	1.2M	0	1.2M	1.2M	1.2M	0	0
R&D % of Revenue	0.01%	0.01%	0.01%	0.01%	-	0.01%	0%	0%	-	-
Other Operating Expenses	243K	128K	401K	406K	2.19M	930K	5.36M	3.29M	451K	1.86M
Operating Income+	3.27M	2.2M	4.09M	3.73M	10.19M	9.72M	4.18M	5.39M	958K	-966K
Operating Margin %	0.03%	0.02%	0.02%	0.02%	0.04%	0.04%	0.02%	0.02%	0.02%	-0.02%
Operating Income Growth %	-0.01%	-0.33%	0.86%	-0.09%	1.73%	-0.05%	-0.57%	0.29%	-0.82%	-2.01%
EBITDA+	5.17M	4.3M	6.22M	5.84M	13.27M	13.9M	7.39M	8.06M	3.66M	1.13M
EBITDA Margin %	0.04%	0.03%	0.03%	0.03%	0.05%	0.06%	0.03%	0.03%	0.08%	0.03%
EBITDA Growth %	0.03%	-0.17%	0.44%	-0.06%	1.27%	0.05%	-0.47%	0.09%	-0.55%	-0.69%
D&A (Non-Cash Add-back)	1.91M	2.1M	2.13M	2.11M	3.08M	4.18M	3.2M	2.68M	2.7M	2.1M
EBIT	3.27M	2.2M	4.09M	3.73M	10.46M	9.96M	4.69M	5.87M	1.08M	-670K
Net Interest Income+	-214K	-133K	-337K	-1.09M	-1.05M	-690K	-585K	-965K	-1.92M	-2.22M
Interest Income	0	0	0	0	0	0	0	0	0	0
Interest Expense	214K	133K	337K	1.09M	1.05M	690K	585K	965K	1.92M	2.22M
Other Income/Expense	29K	-5K	64K	-689K	-780K	-448K	-75K	-483K	-377K	-294K
Pretax Income+	3.29M	2.2M	4.15M	3.04M	9.41M	9.27M	4.11M	4.9M	581K	-1.26M
Pretax Margin %	0.03%	0.02%	0.02%	0.01%	0.04%	0.04%	0.02%	0.02%	0.01%	-0.03%
Income Tax+	819K	441K	2.98M	1.4M	3.58M	312K	2.11M	2.78M	229K	934K
Effective Tax Rate %	0.27%	0.08%	-0.22%	-0.51%	0.26%	0.36%	-0.43%	-0.15%	1.1%	3.09%
Net Income+	892K	173K	-923K	-1.55M	2.42M	3.37M	-1.78M	-732K	639K	-3.89M
Net Margin %	0.01%	0%	-0.01%	-0.01%	0.01%	0.01%	-0.01%	-0%	0.01%	-0.09%
Net Income Growth %	-0.73%	-0.81%	-6.34%	-0.68%	2.56%	0.39%	-1.53%	0.59%	1.87%	-7.09%
Net Income (Continuing)	2.48M	1.76M	1.18M	1.64M	5.83M	8.96M	2M	2.13M	352K	-2.19M
Discontinued Operations	0	0	0	0	0	0	0	0	754K	-1.25M
Minority Interest	5.7M	6.99M	5.91M	8.48M	12.41M	16.46M	17.6M	15.63M	12.02M	0
EPS (Diluted)+	0.04	0.01	-0.04	-0.08	0.28	0.16	-0.08	-0.03	0.16	-0.13
EPS Growth %	-0.73%	-0.75%	-5.48%	-0.67%	4.73%	-0.43%	-1.52%	0.6%	5.83%	-1.81%
EPS (Basic)	0.04	0.01	-0.04	-0.08	0.28	0.16	-0.08	-0.03	0.17	-0.13
Diluted Shares Outstanding	21.57M	21.31M	20.62M	20.68M	21.16M	21.16M	21.27M	22.11M	24.45M	23.73M
Basic Shares Outstanding	20.56M	20.59M	20.62M	20.68M	20.92M	21.11M	21.27M	22.11M	23.33M	23.55M
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+	30.11M	42.76M	46.82M	55.13M	63.96M	66.52M	72.03M	80.92M	76.11M	46M
Cash & Short-Term Investments	5.72M	7.32M	8.83M	7.11M	10.46M	15.97M	13.47M	9.35M	4.49M	18.22M
Cash Only	5.72M	7.32M	8.83M	7.11M	10.46M	15.97M	13.47M	9.35M	4.49M	18.22M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	23.2M	33.67M	35.96M	46.14M	49.3M	46.91M	54.17M	63.71M	43.11M	24.77M
Days Sales Outstanding	71	91.49	72.37	73.48	71.16	74.28	77.32	89.01	342.63	208.28
Inventory	529K	471K	0	0	0	0	0	0	0	0
Days Inventory Outstanding	2.15	1.64	-	-	-	-	-	-	-	-
Other Current Assets	529K	0	0	0	1.8M	0	0	7.86M	28.51M	3.01M
Total Non-Current Assets+	13.29M	14.48M	11.17M	13.96M	17.37M	17.51M	16.99M	13.68M	14.17M	10.44M
Property, Plant & Equipment	2.44M	2.54M	2.71M	2.95M	7.8M	5.7M	4.71M	4.23M	4.65M	0
Fixed Asset Turnover	48.82x	52.97x	66.88x	77.69x	32.44x	40.48x	54.29x	61.77x	9.88x	-
Goodwill	1.8M	1.85M	1.84M	3.79M	3.78M	3.76M	4.17M	1.71M	1.29M	856K
Intangible Assets	2.55M	2.34M	1.63M	3.33M	2.8M	2.25M	2.29M	2.04M	1.18M	841K
Long-Term Investments	0	0	0	0	0	0	0	0	0	0
Other Non-Current Assets	611K	1.14M	1.93M	1.32M	1.11M	1.6M	1.35M	1.93M	3.73M	8.74M
Total Assets+	43.41M	57.24M	57.99M	69.09M	81.33M	84.03M	89.02M	94.6M	90.28M	56.43M
Asset Turnover	2.75x	2.35x	3.13x	3.32x	3.11x	2.74x	2.87x	2.76x	0.51x	0.77x
Asset Growth %	-0.03%	0.32%	0.01%	0.19%	0.18%	0.03%	0.06%	0.06%	-0.05%	-0.37%
Total Current Liabilities+	13.28M	32.15M	32.33M	42.52M	46.54M	42.91M	50.21M	54.55M	48.56M	30.05M
Accounts Payable	2.98M	5.57M	7.34M	8.67M	9.19M	7.86M	8.94M	10.59M	4.82M	8.77M
Days Payables Outstanding	12.1	19.39	18.53	17.11	16.47	15.48	15.68	18.38	49.21	92.92
Short-Term Debt	476K	9.78M	6.84M	10.41M	8.93M	9.33M	11.04M	17.98M	17.53M	16.58M
Deferred Revenue (Current)	503K	1000K	1000K	620K	594K	1000K	1000K	1000K	1000K	0
Other Current Liabilities	2.32M	164K	10.22M	101K	15.75M	9.83M	7.75M	5.62M	15.46M	4.29M
Current Ratio	2.27x	1.33x	1.45x	1.30x	1.37x	1.55x	1.43x	1.48x	1.57x	1.53x
Quick Ratio	2.23x	1.32x	1.45x	1.30x	1.37x	1.55x	1.43x	1.48x	1.57x	1.53x
Cash Conversion Cycle	61.05	73.74	-	-	-	-	-	-	-	-
Total Non-Current Liabilities+	5.73M	4K	107K	1.81M	3.42M	2.5M	1.46M	1.98M	1.47M	2.08M
Long-Term Debt	5.73M	4K	107K	1.81M	1.3M	1M	700K	1.38M	310K	1.72M
Capital Lease Obligations	0	0	0	0	2.12M	1.5M	762K	606K	986K	353K
Deferred Tax Liabilities	2.15M	2.39M	693K	0	0	0	0	0	0	0
Other Non-Current Liabilities	0	0	0	0	0	0	0	0	174K	0
Total Liabilities	19.01M	32.16M	32.43M	44.32M	49.96M	45.41M	51.67M	56.54M	50.03M	32.13M
Total Debt+	6.21M	9.78M	6.95M	12.22M	15.18M	13.23M	13.52M	20.32M	19.77M	18.93M
Net Debt	489K	2.46M	-1.88M	5.11M	4.72M	-2.74M	50K	10.98M	15.28M	712K
Debt / Equity	0.25x	0.39x	0.27x	0.49x	0.48x	0.34x	0.36x	0.53x	0.49x	0.78x
Debt / EBITDA	1.20x	2.27x	1.12x	2.09x	1.14x	0.95x	1.83x	2.52x	5.40x	16.73x
Net Debt / EBITDA	0.09x	0.57x	-0.30x	0.88x	0.36x	-0.20x	0.01x	1.36x	4.17x	0.63x
Interest Coverage	15.26x	16.56x	12.14x	3.41x	9.74x	14.09x	7.15x	5.58x	0.50x	-0.43x
Total Equity+	24.4M	25.08M	25.55M	24.77M	31.37M	38.62M	37.35M	38.06M	40.25M	24.31M
Equity Growth %	0.05%	0.03%	0.02%	-0.03%	0.27%	0.23%	-0.03%	0.02%	0.06%	-0.4%
Book Value per Share	1.13	1.18	1.24	1.20	1.48	1.83	1.76	1.72	1.65	1.02
Total Shareholders' Equity	18.7M	18.09M	19.65M	16.3M	18.95M	22.16M	19.75M	22.43M	28.23M	24.31M
Common Stock	207K	207K	207K	208K	211K	211K	213K	229K	232K	234K
Retained Earnings	5.66M	5.83M	4.98M	3.43M	5.83M	9.22M	7.44M	6.71M	10.61M	7.46M
Treasury Stock	-169K	-51K	-115K	-8K	-2K	-2K	-104K	-285K	-285K	-2.08M
Accumulated OCI	-2.87M	-4M	-1.69M	-3.64M	-3.6M	-3.91M	-5.03M	-4.94M	-3.34M	-1.2M
Minority Interest	5.7M	6.99M	5.91M	8.48M	12.41M	16.46M	17.6M	15.63M	12.02M	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+	4.89M	1.34M	6.77M	2.05M	6.15M	8.8M	2.63M	-5.04M	6.82M	-665K
Operating CF Margin %	0.04%	0.01%	0.04%	0.01%	0.02%	0.04%	0.01%	-0.02%	0.15%	-0.02%
Operating CF Growth %	1.33%	-0.73%	4.04%	-0.7%	2%	0.43%	-0.7%	-2.92%	2.35%	-1.1%
Net Income	2.48M	1.76M	1.18M	1.64M	5.83M	8.96M	2M	2.13M	3.9M	-3.15M
Depreciation & Amortization	1.91M	2.1M	2.13M	2.11M	3.08M	4.18M	3.2M	2.68M	2.88M	2.16M
Stock-Based Compensation	434K	329K	225K	186K	235K	136K	711K	346K	297K	137K
Deferred Taxes	-207K	-429K	1.64M	-85K	792K	-654K	-520K	994K	0	-1.5M
Other Non-Cash Items	388K	347K	113K	196K	83K	330K	4.61M	3.55M	5.65M	-757K
Working Capital Changes	-105K	-2.76M	1.49M	-1.99M	-3.88M	-4.15M	-7.37M	-14.74M	-5.91M	2.44M
Change in Receivables	2.79M	-6.9M	-2.42M	-9.3M	-3.16M	2.13M	-7.3M	-11.24M	246K	-5.66M
Change in Inventory	-18.63M	-8.32M	-12.39M	-5.17M	0	0	0	0	0	0
Change in Payables	-1.1M	1.85M	1.81M	-144K	530K	-1.32M	1.09M	1.72M	-2.01M	6.96M
Cash from Investing+	-1.57M	-1.96M	-1.45M	-855K	-1.38M	-1.6M	-1.72M	-1.8M	-2.27M	9.88M
Capital Expenditures	-1.57M	-1.55M	-1.45M	-1.62M	-1.38M	-1.6M	-1.72M	-1.8M	-1.24M	-1.14M
CapEx % of Revenue	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.03%	0.03%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	0	-401K	-401K	767K	0	0	0	0	-1.03M	0
Cash from Financing+	-659K	3.41M	-5.13M	201K	-1.97M	131K	1.33M	3.49M	-3.02M	-1.66M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	-526K	-156K	-2.19M	-266K	-19K	0	0	-4.22M	-3.25M	-1.81M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	3.31M	-212K	5.32M	428K	4.77M	7.2M	907K	-6.84M	5.58M	-1.8M
FCF Margin %	0.03%	-0%	0.03%	0%	0.02%	0.03%	0%	-0.03%	0.12%	-0.04%
FCF Growth %	3.3%	-1.06%	26.11%	-0.92%	10.14%	0.51%	-0.87%	-8.54%	1.82%	-1.32%
FCF per Share	0.15	-0.01	0.26	0.02	0.23	0.34	0.04	-0.31	0.23	-0.08
FCF Conversion (FCF/Net Income)	5.48x	7.76x	-7.34x	-1.32x	2.54x	2.61x	-1.48x	6.89x	10.67x	0.17x
Interest Paid	190K	150K	460K	994K	825K	736K	701K	1.2M	2.33M	2.06M
Taxes Paid	187K	228K	307K	309K	197K	1.29M	2.22M	2.29M	1.58M	277K

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	3.75%	0.7%	-3.65%	-6.16%	8.62%	9.62%	-4.68%	-1.94%	1.63%	-12.06%
Return on Invested Capital (ROIC)	9.75%	6.3%	11.98%	10.44%	23.17%	20.26%	8.56%	9.35%	1.37%	-1.8%
Gross Margin	24.53%	21.99%	20.28%	19.32%	19.48%	19.6%	18.58%	19.52%	22.22%	20.65%
Net Margin	0.75%	0.13%	-0.51%	-0.68%	0.96%	1.46%	-0.7%	-0.28%	1.39%	-8.96%
Debt / Equity	0.25x	0.39x	0.27x	0.49x	0.48x	0.34x	0.36x	0.53x	0.49x	0.78x
Interest Coverage	15.26x	16.56x	12.14x	3.41x	9.74x	14.09x	7.15x	5.58x	0.50x	-0.43x
FCF Conversion	5.48x	7.76x	-7.34x	-1.32x	2.54x	2.61x	-1.48x	6.89x	10.67x	0.17x
Revenue Growth	-2.25%	12.61%	35.03%	26.36%	10.33%	-8.84%	10.93%	2.17%	-82.42%	-5.48%

Revenue by Geography

	2022	2023	2024
UNITED STATES	112.33M	104.65M	117.51M
UNITED STATES Growth	-	-6.84%	12.29%
BRAZIL	68.3M	74.87M	33.19M
BRAZIL Growth	-	9.62%	-55.68%
CANADA	8.25M	12.49M	14.3M
CANADA Growth	-	51.50%	14.49%
MEXICO	9.71M	11.69M	12.23M
MEXICO Growth	-	20.45%	4.65%
SOUTH AFRICA	36.68M	34.56M	8.28M
SOUTH AFRICA Growth	-	-5.77%	-76.05%
INDIA	6.28M	6.15M	4.83M
INDIA Growth	-	-2.04%	-21.45%
JAPAN	7.13M	6.26M	3.78M
JAPAN Growth	-	-12.29%	-39.61%
CHINA	10.93M	10.17M	2.7M
CHINA Growth	-	-6.99%	-73.46%
AUSTRALIA	1.67M	1.91M	-
AUSTRALIA Growth	-	14.38%	-

Frequently Asked Questions

Growth & Financials

SPAR Group, Inc. (SGRP) reported $147.1M in revenue for fiscal year 2024. This represents a 100% increase from $73.5M in 2011.

SPAR Group, Inc. (SGRP) saw revenue decline by 5.5% over the past year.

SPAR Group, Inc. (SGRP) reported a net loss of $21.6M for fiscal year 2024.

Dividend & Returns

SPAR Group, Inc. (SGRP) has a return on equity (ROE) of -12.1%. Negative ROE indicates the company is unprofitable.

SPAR Group, Inc. (SGRP) had negative free cash flow of $17.7M in fiscal year 2024, likely due to heavy capital investments.

US Stock Screener

...

SPAR Group, Inc. (SGRP) 10-Year Financial Performance & Capital Metrics

SGRP • • Industrial / General

IndustrialsBusiness ServicesProfessional & Technical ServicesConsulting & Advisory Services

Revenue $43M -5.5%
EBITDA $1M -69.1%
Net Income -$4M -708.9%
EPS (Diluted) -0.13 -181.3%
Gross Margin 20.65% -7.1%
EBITDA Margin 2.61% -67.3%
Operating Margin -2.23% -206.7%
Net Margin -8.96% -744.2%
ROE -12.06% -838.7%
ROIC -1.8% -230.9%
Debt/Equity 0.78 +58.6%
Interest Coverage -0.43 -187.1%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Share count reduced 3.0% through buybacks
✓Trading at only 0.8x book value

✗Weaknesses

✗Weak Piotroski F-Score: 3/9
✗Negative free cash flow
✗Weak momentum: RS Rating 17 (bottom 17%)
✗Low quality earnings: Net income not backed by cash flow
✗Sales declining 29.7% over 5 years
✗Trading more than 30% below 52-week high

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-9.82%

5Y-29.71%

3Y-44.63%

TTM-24.81%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM-555.88%

EPS CAGR

10Y-

5Y-

3Y-

TTM-274.73%

ROCE

10Y Avg13.19%

5Y Avg9.85%

3Y Avg4.39%

Latest-2.84%

Peer Comparison

Consulting & Advisory Services

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
RHLDResolute Holdings Management, Inc.	1.93B	226.37	69.02	7.67%	32.04%	343.07%	7.44%
CBZCBIZ, Inc.	2.8B	51.51	66.04	13.97%	3.89%	5.56%	3.95%	1.03
LZLegalZoom.com, Inc.	1.63B	9.22	57.63	3.2%	3.05%	11.01%	6.11%	0.08
TRIThomson Reuters Corporation	55.53B	124.84	25.53	6.83%	23.82%	14.95%	3.17%	0.26
BLMZHarrison Global Holdings Inc.	29.3K	0.02	-0.00	71.48%	-13.6%	-16.51%		0.08
SGRPSPAR Group, Inc.	20.12M	0.84	-6.46	-5.48%	-14.66%	-129.98%		0.78
LICNLichen International Limited	51.57M	3.18	-7.76	4.32%	-10.7%	-13.25%		0.00
ZGMZenta Group Company Limited Ordinary Shares	32.83M	2.78		135.19%	39.37%	71.65%		0.00

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	119.28M	134.32M	181.38M	229.19M	252.88M	230.52M	255.72M	261.27M	45.92M	43.4M
Revenue Growth %	-0.02%	0.13%	0.35%	0.26%	0.1%	-0.09%	0.11%	0.02%	-0.82%	-0.05%
Cost of Goods Sold+	90.02M	104.78M	144.6M	184.9M	203.63M	185.33M	208.2M	210.26M	35.72M	34.44M
COGS % of Revenue	0.75%	0.78%	0.8%	0.81%	0.81%	0.8%	0.81%	0.8%	0.78%	0.79%
Gross Profit+	29.26M	29.54M	36.78M	44.29M	49.25M	45.19M	47.52M	51.01M	10.2M	8.96M
Gross Margin %	0.25%	0.22%	0.2%	0.19%	0.19%	0.2%	0.19%	0.2%	0.22%	0.21%
Gross Profit Growth %	-0.04%	0.01%	0.24%	0.2%	0.11%	-0.08%	0.05%	0.07%	-0.8%	-0.12%
Operating Expenses+	26M	27.34M	32.69M	40.56M	39.06M	35.47M	43.34M	45.63M	9.25M	9.93M
OpEx % of Revenue	0.22%	0.2%	0.18%	0.18%	0.15%	0.15%	0.17%	0.17%	0.2%	0.23%
Selling, General & Admin	24.09M	25.24M	30.56M	38.45M	36.87M	33.34M	36.78M	41.13M	8.79M	8.07M
SG&A % of Revenue	0.2%	0.19%	0.17%	0.17%	0.15%	0.14%	0.14%	0.16%	0.19%	0.19%
Research & Development	1M	1.2M	1.2M	1.2M	0	1.2M	1.2M	1.2M	0	0
R&D % of Revenue	0.01%	0.01%	0.01%	0.01%	-	0.01%	0%	0%	-	-
Other Operating Expenses	243K	128K	401K	406K	2.19M	930K	5.36M	3.29M	451K	1.86M
Operating Income+	3.27M	2.2M	4.09M	3.73M	10.19M	9.72M	4.18M	5.39M	958K	-966K
Operating Margin %	0.03%	0.02%	0.02%	0.02%	0.04%	0.04%	0.02%	0.02%	0.02%	-0.02%
Operating Income Growth %	-0.01%	-0.33%	0.86%	-0.09%	1.73%	-0.05%	-0.57%	0.29%	-0.82%	-2.01%
EBITDA+	5.17M	4.3M	6.22M	5.84M	13.27M	13.9M	7.39M	8.06M	3.66M	1.13M
EBITDA Margin %	0.04%	0.03%	0.03%	0.03%	0.05%	0.06%	0.03%	0.03%	0.08%	0.03%
EBITDA Growth %	0.03%	-0.17%	0.44%	-0.06%	1.27%	0.05%	-0.47%	0.09%	-0.55%	-0.69%
D&A (Non-Cash Add-back)	1.91M	2.1M	2.13M	2.11M	3.08M	4.18M	3.2M	2.68M	2.7M	2.1M
EBIT	3.27M	2.2M	4.09M	3.73M	10.46M	9.96M	4.69M	5.87M	1.08M	-670K
Net Interest Income+	-214K	-133K	-337K	-1.09M	-1.05M	-690K	-585K	-965K	-1.92M	-2.22M
Interest Income	0	0	0	0	0	0	0	0	0	0
Interest Expense	214K	133K	337K	1.09M	1.05M	690K	585K	965K	1.92M	2.22M
Other Income/Expense	29K	-5K	64K	-689K	-780K	-448K	-75K	-483K	-377K	-294K
Pretax Income+	3.29M	2.2M	4.15M	3.04M	9.41M	9.27M	4.11M	4.9M	581K	-1.26M
Pretax Margin %	0.03%	0.02%	0.02%	0.01%	0.04%	0.04%	0.02%	0.02%	0.01%	-0.03%
Income Tax+	819K	441K	2.98M	1.4M	3.58M	312K	2.11M	2.78M	229K	934K
Effective Tax Rate %	0.27%	0.08%	-0.22%	-0.51%	0.26%	0.36%	-0.43%	-0.15%	1.1%	3.09%
Net Income+	892K	173K	-923K	-1.55M	2.42M	3.37M	-1.78M	-732K	639K	-3.89M
Net Margin %	0.01%	0%	-0.01%	-0.01%	0.01%	0.01%	-0.01%	-0%	0.01%	-0.09%
Net Income Growth %	-0.73%	-0.81%	-6.34%	-0.68%	2.56%	0.39%	-1.53%	0.59%	1.87%	-7.09%
Net Income (Continuing)	2.48M	1.76M	1.18M	1.64M	5.83M	8.96M	2M	2.13M	352K	-2.19M
Discontinued Operations	0	0	0	0	0	0	0	0	754K	-1.25M
Minority Interest	5.7M	6.99M	5.91M	8.48M	12.41M	16.46M	17.6M	15.63M	12.02M	0
EPS (Diluted)+	0.04	0.01	-0.04	-0.08	0.28	0.16	-0.08	-0.03	0.16	-0.13
EPS Growth %	-0.73%	-0.75%	-5.48%	-0.67%	4.73%	-0.43%	-1.52%	0.6%	5.83%	-1.81%
EPS (Basic)	0.04	0.01	-0.04	-0.08	0.28	0.16	-0.08	-0.03	0.17	-0.13
Diluted Shares Outstanding	21.57M	21.31M	20.62M	20.68M	21.16M	21.16M	21.27M	22.11M	24.45M	23.73M
Basic Shares Outstanding	20.56M	20.59M	20.62M	20.68M	20.92M	21.11M	21.27M	22.11M	23.33M	23.55M
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+	30.11M	42.76M	46.82M	55.13M	63.96M	66.52M	72.03M	80.92M	76.11M	46M
Cash & Short-Term Investments	5.72M	7.32M	8.83M	7.11M	10.46M	15.97M	13.47M	9.35M	4.49M	18.22M
Cash Only	5.72M	7.32M	8.83M	7.11M	10.46M	15.97M	13.47M	9.35M	4.49M	18.22M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	23.2M	33.67M	35.96M	46.14M	49.3M	46.91M	54.17M	63.71M	43.11M	24.77M
Days Sales Outstanding	71	91.49	72.37	73.48	71.16	74.28	77.32	89.01	342.63	208.28
Inventory	529K	471K	0	0	0	0	0	0	0	0
Days Inventory Outstanding	2.15	1.64	-	-	-	-	-	-	-	-
Other Current Assets	529K	0	0	0	1.8M	0	0	7.86M	28.51M	3.01M
Total Non-Current Assets+	13.29M	14.48M	11.17M	13.96M	17.37M	17.51M	16.99M	13.68M	14.17M	10.44M
Property, Plant & Equipment	2.44M	2.54M	2.71M	2.95M	7.8M	5.7M	4.71M	4.23M	4.65M	0
Fixed Asset Turnover	48.82x	52.97x	66.88x	77.69x	32.44x	40.48x	54.29x	61.77x	9.88x	-
Goodwill	1.8M	1.85M	1.84M	3.79M	3.78M	3.76M	4.17M	1.71M	1.29M	856K
Intangible Assets	2.55M	2.34M	1.63M	3.33M	2.8M	2.25M	2.29M	2.04M	1.18M	841K
Long-Term Investments	0	0	0	0	0	0	0	0	0	0
Other Non-Current Assets	611K	1.14M	1.93M	1.32M	1.11M	1.6M	1.35M	1.93M	3.73M	8.74M
Total Assets+	43.41M	57.24M	57.99M	69.09M	81.33M	84.03M	89.02M	94.6M	90.28M	56.43M
Asset Turnover	2.75x	2.35x	3.13x	3.32x	3.11x	2.74x	2.87x	2.76x	0.51x	0.77x
Asset Growth %	-0.03%	0.32%	0.01%	0.19%	0.18%	0.03%	0.06%	0.06%	-0.05%	-0.37%
Total Current Liabilities+	13.28M	32.15M	32.33M	42.52M	46.54M	42.91M	50.21M	54.55M	48.56M	30.05M
Accounts Payable	2.98M	5.57M	7.34M	8.67M	9.19M	7.86M	8.94M	10.59M	4.82M	8.77M
Days Payables Outstanding	12.1	19.39	18.53	17.11	16.47	15.48	15.68	18.38	49.21	92.92
Short-Term Debt	476K	9.78M	6.84M	10.41M	8.93M	9.33M	11.04M	17.98M	17.53M	16.58M
Deferred Revenue (Current)	503K	1000K	1000K	620K	594K	1000K	1000K	1000K	1000K	0
Other Current Liabilities	2.32M	164K	10.22M	101K	15.75M	9.83M	7.75M	5.62M	15.46M	4.29M
Current Ratio	2.27x	1.33x	1.45x	1.30x	1.37x	1.55x	1.43x	1.48x	1.57x	1.53x
Quick Ratio	2.23x	1.32x	1.45x	1.30x	1.37x	1.55x	1.43x	1.48x	1.57x	1.53x
Cash Conversion Cycle	61.05	73.74	-	-	-	-	-	-	-	-
Total Non-Current Liabilities+	5.73M	4K	107K	1.81M	3.42M	2.5M	1.46M	1.98M	1.47M	2.08M
Long-Term Debt	5.73M	4K	107K	1.81M	1.3M	1M	700K	1.38M	310K	1.72M
Capital Lease Obligations	0	0	0	0	2.12M	1.5M	762K	606K	986K	353K
Deferred Tax Liabilities	2.15M	2.39M	693K	0	0	0	0	0	0	0
Other Non-Current Liabilities	0	0	0	0	0	0	0	0	174K	0
Total Liabilities	19.01M	32.16M	32.43M	44.32M	49.96M	45.41M	51.67M	56.54M	50.03M	32.13M
Total Debt+	6.21M	9.78M	6.95M	12.22M	15.18M	13.23M	13.52M	20.32M	19.77M	18.93M
Net Debt	489K	2.46M	-1.88M	5.11M	4.72M	-2.74M	50K	10.98M	15.28M	712K
Debt / Equity	0.25x	0.39x	0.27x	0.49x	0.48x	0.34x	0.36x	0.53x	0.49x	0.78x
Debt / EBITDA	1.20x	2.27x	1.12x	2.09x	1.14x	0.95x	1.83x	2.52x	5.40x	16.73x
Net Debt / EBITDA	0.09x	0.57x	-0.30x	0.88x	0.36x	-0.20x	0.01x	1.36x	4.17x	0.63x
Interest Coverage	15.26x	16.56x	12.14x	3.41x	9.74x	14.09x	7.15x	5.58x	0.50x	-0.43x
Total Equity+	24.4M	25.08M	25.55M	24.77M	31.37M	38.62M	37.35M	38.06M	40.25M	24.31M
Equity Growth %	0.05%	0.03%	0.02%	-0.03%	0.27%	0.23%	-0.03%	0.02%	0.06%	-0.4%
Book Value per Share	1.13	1.18	1.24	1.20	1.48	1.83	1.76	1.72	1.65	1.02
Total Shareholders' Equity	18.7M	18.09M	19.65M	16.3M	18.95M	22.16M	19.75M	22.43M	28.23M	24.31M
Common Stock	207K	207K	207K	208K	211K	211K	213K	229K	232K	234K
Retained Earnings	5.66M	5.83M	4.98M	3.43M	5.83M	9.22M	7.44M	6.71M	10.61M	7.46M
Treasury Stock	-169K	-51K	-115K	-8K	-2K	-2K	-104K	-285K	-285K	-2.08M
Accumulated OCI	-2.87M	-4M	-1.69M	-3.64M	-3.6M	-3.91M	-5.03M	-4.94M	-3.34M	-1.2M
Minority Interest	5.7M	6.99M	5.91M	8.48M	12.41M	16.46M	17.6M	15.63M	12.02M	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+	4.89M	1.34M	6.77M	2.05M	6.15M	8.8M	2.63M	-5.04M	6.82M	-665K
Operating CF Margin %	0.04%	0.01%	0.04%	0.01%	0.02%	0.04%	0.01%	-0.02%	0.15%	-0.02%
Operating CF Growth %	1.33%	-0.73%	4.04%	-0.7%	2%	0.43%	-0.7%	-2.92%	2.35%	-1.1%
Net Income	2.48M	1.76M	1.18M	1.64M	5.83M	8.96M	2M	2.13M	3.9M	-3.15M
Depreciation & Amortization	1.91M	2.1M	2.13M	2.11M	3.08M	4.18M	3.2M	2.68M	2.88M	2.16M
Stock-Based Compensation	434K	329K	225K	186K	235K	136K	711K	346K	297K	137K
Deferred Taxes	-207K	-429K	1.64M	-85K	792K	-654K	-520K	994K	0	-1.5M
Other Non-Cash Items	388K	347K	113K	196K	83K	330K	4.61M	3.55M	5.65M	-757K
Working Capital Changes	-105K	-2.76M	1.49M	-1.99M	-3.88M	-4.15M	-7.37M	-14.74M	-5.91M	2.44M
Change in Receivables	2.79M	-6.9M	-2.42M	-9.3M	-3.16M	2.13M	-7.3M	-11.24M	246K	-5.66M
Change in Inventory	-18.63M	-8.32M	-12.39M	-5.17M	0	0	0	0	0	0
Change in Payables	-1.1M	1.85M	1.81M	-144K	530K	-1.32M	1.09M	1.72M	-2.01M	6.96M
Cash from Investing+	-1.57M	-1.96M	-1.45M	-855K	-1.38M	-1.6M	-1.72M	-1.8M	-2.27M	9.88M
Capital Expenditures	-1.57M	-1.55M	-1.45M	-1.62M	-1.38M	-1.6M	-1.72M	-1.8M	-1.24M	-1.14M
CapEx % of Revenue	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.03%	0.03%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	0	-401K	-401K	767K	0	0	0	0	-1.03M	0
Cash from Financing+	-659K	3.41M	-5.13M	201K	-1.97M	131K	1.33M	3.49M	-3.02M	-1.66M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	-526K	-156K	-2.19M	-266K	-19K	0	0	-4.22M	-3.25M	-1.81M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	3.31M	-212K	5.32M	428K	4.77M	7.2M	907K	-6.84M	5.58M	-1.8M
FCF Margin %	0.03%	-0%	0.03%	0%	0.02%	0.03%	0%	-0.03%	0.12%	-0.04%
FCF Growth %	3.3%	-1.06%	26.11%	-0.92%	10.14%	0.51%	-0.87%	-8.54%	1.82%	-1.32%
FCF per Share	0.15	-0.01	0.26	0.02	0.23	0.34	0.04	-0.31	0.23	-0.08
FCF Conversion (FCF/Net Income)	5.48x	7.76x	-7.34x	-1.32x	2.54x	2.61x	-1.48x	6.89x	10.67x	0.17x
Interest Paid	190K	150K	460K	994K	825K	736K	701K	1.2M	2.33M	2.06M
Taxes Paid	187K	228K	307K	309K	197K	1.29M	2.22M	2.29M	1.58M	277K

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	3.75%	0.7%	-3.65%	-6.16%	8.62%	9.62%	-4.68%	-1.94%	1.63%	-12.06%
Return on Invested Capital (ROIC)	9.75%	6.3%	11.98%	10.44%	23.17%	20.26%	8.56%	9.35%	1.37%	-1.8%
Gross Margin	24.53%	21.99%	20.28%	19.32%	19.48%	19.6%	18.58%	19.52%	22.22%	20.65%
Net Margin	0.75%	0.13%	-0.51%	-0.68%	0.96%	1.46%	-0.7%	-0.28%	1.39%	-8.96%
Debt / Equity	0.25x	0.39x	0.27x	0.49x	0.48x	0.34x	0.36x	0.53x	0.49x	0.78x
Interest Coverage	15.26x	16.56x	12.14x	3.41x	9.74x	14.09x	7.15x	5.58x	0.50x	-0.43x
FCF Conversion	5.48x	7.76x	-7.34x	-1.32x	2.54x	2.61x	-1.48x	6.89x	10.67x	0.17x
Revenue Growth	-2.25%	12.61%	35.03%	26.36%	10.33%	-8.84%	10.93%	2.17%	-82.42%	-5.48%

Revenue by Geography

	2022	2023	2024
UNITED STATES	112.33M	104.65M	117.51M
UNITED STATES Growth	-	-6.84%	12.29%
BRAZIL	68.3M	74.87M	33.19M
BRAZIL Growth	-	9.62%	-55.68%
CANADA	8.25M	12.49M	14.3M
CANADA Growth	-	51.50%	14.49%
MEXICO	9.71M	11.69M	12.23M
MEXICO Growth	-	20.45%	4.65%
SOUTH AFRICA	36.68M	34.56M	8.28M
SOUTH AFRICA Growth	-	-5.77%	-76.05%
INDIA	6.28M	6.15M	4.83M
INDIA Growth	-	-2.04%	-21.45%
JAPAN	7.13M	6.26M	3.78M
JAPAN Growth	-	-12.29%	-39.61%
CHINA	10.93M	10.17M	2.7M
CHINA Growth	-	-6.99%	-73.46%
AUSTRALIA	1.67M	1.91M	-
AUSTRALIA Growth	-	14.38%	-

Frequently Asked Questions

Growth & Financials

SPAR Group, Inc. (SGRP) reported $147.1M in revenue for fiscal year 2024. This represents a 100% increase from $73.5M in 2011.

SPAR Group, Inc. (SGRP) saw revenue decline by 5.5% over the past year.

SPAR Group, Inc. (SGRP) reported a net loss of $21.6M for fiscal year 2024.

Dividend & Returns

SPAR Group, Inc. (SGRP) has a return on equity (ROE) of -12.1%. Negative ROE indicates the company is unprofitable.

SPAR Group, Inc. (SGRP) had negative free cash flow of $17.7M in fiscal year 2024, likely due to heavy capital investments.