Stoneridge, Inc. (SRI) 10-Year Financial Performance & Capital Metrics

SRI • • Industrial / General

Consumer CyclicalAuto Parts & EquipmentElectrical & Electronic SystemsVehicle Electronics & Control Units

AboutStoneridge, Inc., together with its subsidiaries, designs and manufactures engineered electrical and electronic components, modules, and systems for the automotive, commercial, off-highway, motorcycle, and agricultural vehicle markets in North America, South America, Europe, and internationally. It operates in three segments: Control Devices, Electronics, and Stoneridge Brazil. The Control Devices segment offers sensors, switches, actuators, and connectors that monitor, measure, or activate specific functions within a vehicle. The Electronics segment designs and manufactures driver information systems, camera-based vision systems, connectivity, and compliance products. Its products collect, store, and display vehicle information, such as speed, pressure, maintenance data, trip information, operator performance, temperature, distance traveled, and driver messages related to vehicle performance. This segment's electronic control units regulate, coordinate, monitor, and direct the operation of the electrical system within a vehicle. The Stoneridge Brazil segment designs, manufactures, and sells vehicle tracking devices and monitoring services; vehicle security alarms and convenience accessories; in-vehicle audio and infotainment devices; and telematics solutions. It provides its products and systems to various original equipment manufacturers and Tier 1 customers, as well as aftermarket distributors and mass merchandisers for use in various vehicle platforms. Stoneridge, Inc. was founded in 1965 and is headquartered in Novi, Michigan.Show more

Revenue $908M -6.9%
EBITDA -$2M -103.5%
Net Income -$17M -218.8%
EPS (Diluted) -0.60 -215.8%
Gross Margin 20.84% +0.6%
EBITDA Margin -0.18% -103.7%
Operating Margin -0.04% -103.2%
Net Margin -1.82% -242.5%
ROE -6.2% -240.2%
ROIC -0.07% -103.1%
Debt/Equity 0.85 +20.2%
Interest Coverage -0.03 -102.7%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Trading at only 0.7x book value
✓Efficient asset utilization: 1.5x turnover

✗Weaknesses

✗Trading more than 30% below 52-week high

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y3.24%

5Y1.71%

3Y5.64%

TTM-4.91%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM-333.79%

EPS CAGR

10Y-

5Y-

3Y-

TTM-325.93%

ROCE

10Y Avg8.01%

5Y Avg0.94%

3Y Avg1.05%

Latest-0.08%

Peer Comparison

Vehicle Electronics & Control Units

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
GNTXGentex Corporation	5.25B	24.00	13.64	0.61%	15.61%	15.2%	6.73%	0.00
APTVAptiv PLC	17.85B	82.61	11.87	-1.69%	1.46%	3.08%	9.05%	0.98
VCVisteon Corporation	2.66B	97.54	9.93	-2.23%	8.22%	19.78%	10.9%	0.33
ECXECARX Holdings, Inc.	578.06M	1.86	-0.66	18.33%	-4.06%
MKDWMKDWELL Tech Inc.	9.82M	0.17	-1.11	-45.54%	-125.96%
SRIStoneridge, Inc.	169.22M	6.04	-10.07	-6.92%	-3.66%	-12.75%	13.85%	0.85

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	644.81M	695.98M	824.44M	866.2M	834.29M	648.01M	770.46M	899.92M	975.82M	908.29M
Revenue Growth %	-0.02%	0.08%	0.18%	0.05%	-0.04%	-0.22%	0.19%	0.17%	0.08%	-0.07%
Cost of Goods Sold+	467.83M	500.54M	576.3M	609.57M	620.56M	493.81M	603.6M	725M	773.72M	719.04M
COGS % of Revenue	0.73%	0.72%	0.7%	0.7%	0.74%	0.76%	0.78%	0.81%	0.79%	0.79%
Gross Profit+	176.98M	195.44M	248.14M	256.63M	213.73M	154.2M	166.86M	174.93M	202.1M	189.25M
Gross Margin %	0.27%	0.28%	0.3%	0.3%	0.26%	0.24%	0.22%	0.19%	0.21%	0.21%
Gross Profit Growth %	-0.07%	0.1%	0.27%	0.03%	-0.17%	-0.28%	0.08%	0.05%	0.16%	-0.06%
Operating Expenses+	149.16M	151.36M	190.77M	189.63M	142.45M	161.86M	151.45M	171.99M	189.26M	189.63M
OpEx % of Revenue	0.23%	0.22%	0.23%	0.22%	0.17%	0.25%	0.2%	0.19%	0.19%	0.21%
Selling, General & Admin	110.37M	111.14M	141.89M	138.55M	123.85M	112.47M	116M	106.69M	114.07M	117.46M
SG&A % of Revenue	0.17%	0.16%	0.17%	0.16%	0.15%	0.17%	0.15%	0.12%	0.12%	0.13%
Research & Development	38.79M	40.21M	48.88M	51.07M	52.2M	49.39M	66.17M	65.3M	89.88M	72.17M
R&D % of Revenue	0.06%	0.06%	0.06%	0.06%	0.06%	0.08%	0.09%	0.07%	0.09%	0.08%
Other Operating Expenses	0	147K	-641K	736K	-33.6M	0	-30.72M	0	-14.7M	0
Operating Income+	27.82M	44.08M	57.37M	67M	71.28M	-7.66M	15.41M	2.94M	12.84M	-381K
Operating Margin %	0.04%	0.06%	0.07%	0.08%	0.09%	-0.01%	0.02%	0%	0.01%	-0%
Operating Income Growth %	2.08%	0.58%	0.3%	0.17%	0.06%	-1.11%	3.01%	-0.81%	3.37%	-1.03%
EBITDA+	50.61M	67.34M	85.3M	96.2M	102.76M	25.57M	49.88M	37.71M	46.53M	-1.61M
EBITDA Margin %	0.08%	0.1%	0.1%	0.11%	0.12%	0.04%	0.06%	0.04%	0.05%	-0%
EBITDA Growth %	10.89%	0.33%	0.27%	0.13%	0.07%	-0.75%	0.95%	-0.24%	0.23%	-1.03%
D&A (Non-Cash Add-back)	22.8M	23.26M	27.93M	29.19M	31.48M	33.23M	34.47M	34.77M	33.69M	-1.23M
EBIT	26.59M	45.46M	58.37M	69.78M	72.72M	-4.6M	17.63M	-3.6M	11.37M	850K
Net Interest Income+	-6.37M	-6.28M	-5.78M	-4.72M	-4.32M	-6.12M	-5.19M	-7.1M	-13M	-14.45M
Interest Income	0	0	0	0	0	0	0	0	0	0
Interest Expense	6.37M	6.28M	5.78M	4.72M	4.32M	6.12M	5.19M	7.1M	13M	14.45M
Other Income/Expense	-7.58M	-4.9M	-4.79M	-1.95M	-2.89M	-3.06M	-2.98M	-13.63M	-14.76M	-13.22M
Pretax Income+	20.23M	39.19M	52.58M	65.06M	68.39M	-10.72M	12.44M	-10.7M	-1.92M	-13.6M
Pretax Margin %	0.03%	0.06%	0.06%	0.08%	0.08%	-0.02%	0.02%	-0.01%	-0%	-0.01%
Income Tax+	-547K	-36.39M	7.53M	11.21M	8.1M	-2.77M	9.03M	3.36M	3.26M	2.93M
Effective Tax Rate %	1.13%	1.98%	0.86%	0.83%	0.88%	0.74%	0.27%	1.31%	2.7%	1.22%
Net Income+	22.77M	77.46M	45.18M	53.85M	60.29M	-7.95M	3.41M	-14.06M	-5.18M	-16.52M
Net Margin %	0.04%	0.11%	0.05%	0.06%	0.07%	-0.01%	0%	-0.02%	-0.01%	-0.02%
Net Income Growth %	1.48%	2.4%	-0.42%	0.19%	0.12%	-1.13%	1.43%	-5.13%	0.63%	-2.19%
Net Income (Continuing)	20.78M	75.57M	45.05M	53.85M	60.29M	-7.95M	3.41M	-14.06M	-5.18M	-16.52M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	13.31M	13.76M	0	0	0	0	0	0	0	0
EPS (Diluted)+	0.81	2.74	1.57	1.85	2.13	-0.29	0.12	-0.52	-0.19	-0.60
EPS Growth %	1.46%	2.38%	-0.43%	0.18%	0.15%	-1.14%	1.41%	-5.33%	0.63%	-2.16%
EPS (Basic)	0.83	2.79	1.61	1.90	2.17	-0.29	0.13	-0.52	-0.19	-0.60
Diluted Shares Outstanding	27.96M	28.31M	28.77M	29.08M	28.27M	27.02M	27.42M	27.26M	27.44M	27.6M
Basic Shares Outstanding	27.34M	27.76M	28.08M	28.4M	27.79M	27.02M	27.11M	27.26M	27.28M	27.6M
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+	231.91M	240.89M	303.37M	320.18M	331.27M	334.66M	410.82M	409.55M	429.39M	387.51M
Cash & Short-Term Investments	54.36M	50.39M	66M	81.09M	69.4M	73.92M	85.55M	54.8M	40.84M	71.83M
Cash Only	54.36M	50.39M	66M	81.09M	69.4M	73.92M	85.55M	54.8M	40.84M	71.83M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	94.94M	113.22M	142.44M	139.08M	138.56M	136.75M	150.39M	158.16M	166.54M	137.77M
Days Sales Outstanding	53.74	59.38	63.06	58.6	60.62	77.02	71.25	64.15	62.3	55.36
Inventory	61.01M	60.12M	73.47M	79.28M	93.45M	90.55M	138.12M	152.58M	187.76M	151.34M
Days Inventory Outstanding	47.6	43.84	46.53	47.47	54.97	66.93	83.52	76.82	88.57	76.82
Other Current Assets	0	17.16M	21.46M	20.73M	0	0	0	44.02M	34.25M	26.58M
Total Non-Current Assets+	132.34M	153.64M	255.67M	239.34M	270.94M	286.74M	254.57M	242.55M	250.51M	234.04M
Property, Plant & Equipment	85.26M	91.5M	110.4M	112.21M	144.51M	138.27M	126.24M	118.41M	120.92M	107.72M
Fixed Asset Turnover	7.56x	7.61x	7.47x	7.72x	5.77x	4.69x	6.10x	7.60x	8.07x	8.43x
Goodwill	981K	931K	38.42M	36.72M	35.87M	39.1M	36.39M	34.23M	35.3M	33.09M
Intangible Assets	35.72M	39.26M	75.24M	62.03M	58.12M	55.39M	49.86M	45.51M	47.31M	39.68M
Long-Term Investments	10.38M	21.95M	31.6M	28.38M	32.44M	53.98M	42.08M	44.42M	8.82M	0
Other Non-Current Assets	-41.33M	-9.76M	-18.87M	-14.89M	0	0	0	0	38.16M	53.56M
Total Assets+	364.25M	394.53M	559.04M	559.52M	602.21M	621.41M	665.4M	652.11M	679.9M	621.56M
Asset Turnover	1.77x	1.76x	1.47x	1.55x	1.39x	1.04x	1.16x	1.38x	1.44x	1.46x
Asset Growth %	-0.09%	0.08%	0.42%	0%	0.08%	0.03%	0.07%	-0.02%	0.04%	-0.09%
Total Current Liabilities+	108.05M	112.71M	136.12M	147.31M	138.6M	146.05M	173.07M	177.69M	178.24M	149.97M
Accounts Payable	55.23M	62.59M	79.39M	87.89M	80.7M	86.1M	97.68M	110.2M	111.92M	83.48M
Days Payables Outstanding	43.09	45.64	50.28	52.63	47.47	63.64	59.07	55.48	52.8	42.38
Short-Term Debt	13.9M	8.63M	4.19M	1.53M	2.67M	7.67M	5.25M	1.45M	2.11M	0
Deferred Revenue (Current)	1000K	0	0	1000K	0	0	0	0	0	0
Other Current Liabilities	21.04M	25.16M	30.12M	37.66M	19.57M	21.85M	18.72M	19.02M	14.38M	21.17M
Current Ratio	2.15x	2.14x	2.23x	2.17x	2.39x	2.29x	2.37x	2.30x	2.41x	2.58x
Quick Ratio	1.58x	1.60x	1.69x	1.64x	1.72x	1.67x	1.58x	1.45x	1.36x	1.57x
Cash Conversion Cycle	58.25	57.57	59.31	53.44	68.12	80.31	95.7	85.48	98.07	89.81
Total Non-Current Liabilities+	149.77M	89.74M	178.84M	128.95M	173.71M	178.73M	196.38M	193.47M	213.94M	226.32M
Long-Term Debt	104.46M	75.06M	124.85M	96.98M	126.45M	136M	163.96M	167.8M	189.35M	201.58M
Capital Lease Obligations	0	0	0	0	17.97M	15.43M	14.91M	10.59M	7.68M	6.48M
Deferred Tax Liabilities	41.33M	9.76M	18.87M	14.89M	12.53M	12.94M	10.71M	8.5M	7.22M	5.32M
Other Non-Current Liabilities	3.98M	4.92M	35.12M	17.07M	16.75M	14.36M	6.81M	6.58M	9.69M	12.94M
Total Liabilities	257.82M	202.45M	314.96M	276.25M	312.31M	324.77M	369.45M	371.16M	392.18M	376.3M
Total Debt+	118.36M	83.69M	129.04M	98.52M	147.1M	159.11M	184.12M	179.85M	203.01M	208.06M
Net Debt	64M	33.3M	63.04M	17.42M	77.69M	85.19M	98.57M	125.05M	162.17M	136.23M
Debt / Equity	1.11x	0.44x	0.53x	0.35x	0.51x	0.54x	0.62x	0.64x	0.71x	0.85x
Debt / EBITDA	2.34x	1.24x	1.51x	1.02x	1.43x	6.22x	3.69x	4.77x	4.36x	-
Net Debt / EBITDA	1.26x	0.49x	0.74x	0.18x	0.76x	3.33x	1.98x	3.32x	3.49x	-
Interest Coverage	4.37x	7.02x	9.92x	14.20x	16.48x	-1.25x	2.97x	0.41x	0.99x	-0.03x
Total Equity+	106.43M	192.08M	244.07M	283.27M	289.9M	296.63M	295.95M	280.94M	287.72M	245.26M
Equity Growth %	-0.06%	0.8%	0.27%	0.16%	0.02%	0.02%	-0%	-0.05%	0.02%	-0.15%
Book Value per Share	3.81	6.79	8.48	9.74	10.25	10.98	10.79	10.31	10.48	8.89
Total Shareholders' Equity	93.12M	178.31M	244.07M	283.27M	289.9M	296.63M	295.95M	280.94M	287.72M	245.26M
Common Stock	0	0	0	0	0	0	0	0	0	0
Retained Earnings	-32.1M	45.36M	92.26M	146.25M	206.54M	212.34M	215.75M	201.69M	196.51M	179.99M
Treasury Stock	-4.21M	-5.63M	-7.12M	-8.88M	-50.77M	-60.48M	-55.26M	-50.37M	-43.34M	-38.42M
Accumulated OCI	-69.82M	-67.91M	-69.56M	-85.75M	-91.47M	-89.64M	-97.02M	-103.14M	-92.79M	-122.01M
Minority Interest	13.31M	13.76M	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+	54.8M	65.28M	78.91M	80.77M	24.5M	28.64M	-36.25M	6.81M	4.95M	47.75M
Operating CF Margin %	0.08%	0.09%	0.1%	0.09%	0.03%	0.04%	-0.05%	0.01%	0.01%	0.05%
Operating CF Growth %	1.77%	0.19%	0.21%	0.02%	-0.7%	0.17%	-2.27%	1.19%	-0.27%	8.65%
Net Income	20.57M	75.57M	45.05M	53.85M	60.29M	-7.95M	3.41M	-14.06M	-5.18M	-16.52M
Depreciation & Amortization	22.8M	23.61M	28.25M	29.52M	31.48M	33.23M	34.47M	34.77M	33.69M	34.99M
Stock-Based Compensation	7.22M	6.13M	7.26M	5.63M	6.19M	5.89M	5.96M	5.94M	3.32M	4.09M
Deferred Taxes	-2.17M	-39.72M	-6.82M	968K	5.59M	-7.95M	-511K	-5.11M	-4.04M	-5.74M
Other Non-Cash Items	-324K	-1.19M	4.05M	-1.29M	-34.26M	-2.24M	-35.98M	1.13M	1.08M	1.8M
Working Capital Changes	6.71M	865K	1.1M	-7.9M	-44.79M	7.67M	-43.59M	-15.87M	-23.93M	29.13M
Change in Receivables	-489K	-18.69M	-15.16M	-3.58M	-1.35M	4.16M	-17.02M	-13.16M	-5.85M	20.17M
Change in Inventory	-4.34M	4.52M	-2.13M	-10M	-15.65M	4M	-51.27M	-20.13M	-31.56M	26.9M
Change in Payables	6.58M	10.98M	10.49M	11.05M	-6.98M	3.64M	16.52M	18.49M	1.09M	-24.62M
Cash from Investing+	-30.37M	-23.82M	-108.64M	-27.95M	-6.3M	-33.88M	28.04M	-28.58M	-36.98M	-24.47M
Capital Expenditures	-28.73M	-24.48M	-32.17M	-29.03M	-39.47M	-32.46M	-27.03M	-31.61M	-38.5M	0
CapEx % of Revenue	0.04%	0.04%	0.04%	0.03%	0.05%	0.05%	0.04%	0.04%	0.04%	0.03%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	64K	652K	788K	1.51M	382K	127K	35.44M	158K	1.87M	-24.47M
Cash from Financing+	-11.02M	-43.37M	40.78M	-33.87M	-28.26M	6.51M	22.88M	-7.3M	17.48M	11.12M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	-49K	977K	-1.91M	0	-3.39M	0	-18K	-6.76M	-2.25M	0
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	26.07M	40.8M	46.74M	51.74M	-14.96M	-3.82M	-63.28M	-24.8M	-33.55M	23.45M
FCF Margin %	0.04%	0.06%	0.06%	0.06%	-0.02%	-0.01%	-0.08%	-0.03%	-0.03%	0.03%
FCF Growth %	6.28%	0.57%	0.15%	0.11%	-1.29%	0.74%	-15.56%	0.61%	-0.35%	1.7%
FCF per Share	0.93	1.44	1.62	1.78	-0.53	-0.14	-2.31	-0.91	-1.22	0.85
FCF Conversion (FCF/Net Income)	2.41x	0.84x	1.75x	1.50x	0.41x	-3.60x	-10.64x	-0.48x	-0.95x	-2.89x
Interest Paid	6.09M	5.79M	5.75M	5M	4.4M	5.62M	6.05M	7.29M	13.01M	15.46M
Taxes Paid	2.49M	3.39M	7.09M	13.21M	12.22M	0	11.27M	6.18M	10.3M	9.26M

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	20.68%	51.9%	20.72%	20.42%	21.04%	-2.71%	1.15%	-4.87%	-1.82%	-6.2%
Return on Invested Capital (ROIC)	11.23%	16.71%	16.16%	16.54%	16%	-1.53%	2.98%	0.55%	2.25%	-0.07%
Gross Margin	27.45%	28.08%	30.1%	29.63%	25.62%	23.8%	21.66%	19.44%	20.71%	20.84%
Net Margin	3.53%	11.13%	5.48%	6.22%	7.23%	-1.23%	0.44%	-1.56%	-0.53%	-1.82%
Debt / Equity	1.11x	0.44x	0.53x	0.35x	0.51x	0.54x	0.62x	0.64x	0.71x	0.85x
Interest Coverage	4.37x	7.02x	9.92x	14.20x	16.48x	-1.25x	2.97x	0.41x	0.99x	-0.03x
FCF Conversion	2.41x	0.84x	1.75x	1.50x	0.41x	-3.60x	-10.64x	-0.48x	-0.95x	-2.89x
Revenue Growth	-2.39%	7.93%	18.46%	5.06%	-3.68%	-22.33%	18.9%	16.8%	8.43%	-6.92%

Revenue by Segment

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Electronics	-	-	-	381.85M	335.19M	257.77M	357.91M	505.1M	608.16M	594.7M
Electronics Growth	-	-	-	-	-12.22%	-23.10%	38.85%	41.12%	20.40%	-2.21%
Control Devices	-	-	-	449.64M	431.56M	342.58M	355.77M	342.6M	345.26M	296.28M
Control Devices Growth	-	-	-	-	-4.02%	-20.62%	3.85%	-3.70%	0.78%	-14.19%
PST	-	-	-	-	-	-	56.78M	52.23M	-	-
PST Growth	-	-	-	-	-	-	-	-8.01%	-	-
Pst	-	-	-	80.18M	67.53M	47.66M	-	-	-	-
Pst Growth	-	-	-	-	-15.77%	-29.42%	-	-	-	-

Revenue by Geography

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
North America	369.03M	428.05M	471.77M	85.36M	-	-	-	-	495.54M	447.14M
North America Growth	-	15.99%	10.21%	-81.91%	-	-	-	-	-	-9.77%
UNITED STATES	-	-	-	-	-	-	-	-	-	447.14M
UNITED STATES Growth	-	-	-	-	-	-	-	-	-	-
SWEDEN	-	-	-	-	-	-	-	-	-	159.03M
SWEDEN Growth	-	-	-	-	-	-	-	-	-	-
NETHERLANDS	-	-	-	-	-	-	-	-	-	84.3M
NETHERLANDS Growth	-	-	-	-	-	-	-	-	-	-
CHINA	-	-	-	-	-	-	-	-	-	51.3M
CHINA Growth	-	-	-	-	-	-	-	-	-	-
BRAZIL	-	-	-	-	-	-	-	-	-	49.65M
BRAZIL Growth	-	-	-	-	-	-	-	-	-	-
South America	95.26M	82.59M	94.53M	80.17M	-	-	-	-	57.21M	49.65M
South America Growth	-	-13.30%	14.46%	-15.19%	-	-	-	-	-	-13.22%
Other European Countries	-	-	-	-	-	-	-	-	-	6.75M
Other European Countries Growth	-	-	-	-	-	-	-	-	-	-
Europe	-	-	-	255.4M	-	-	-	-	360.68M	-
Europe Growth	-	-	-	-	-	-	-	-	-	-
Asia Pacific	-	-	-	3.96M	-	-	-	-	62.38M	-
Asia Pacific Growth	-	-	-	-	-	-	-	-	-	-
Europe and Other	-	-	-	-	-	-	326.74M	402.76M	-	-
Europe and Other Growth	-	-	-	-	-	-	-	23.27%	-	-
Europe And Other	180.52M	185.34M	258.14M	-	309.12M	269.81M	-	-	-	-
Europe And Other Growth	-	2.67%	39.28%	-	-	-12.72%	-	-	-	-

Frequently Asked Questions

Growth & Financials

Stoneridge, Inc. (SRI) reported $874.4M in revenue for fiscal year 2024. This represents a 14% increase from $765.4M in 2011.

Stoneridge, Inc. (SRI) saw revenue decline by 6.9% over the past year.

Stoneridge, Inc. (SRI) reported a net loss of $32.0M for fiscal year 2024.

Dividend & Returns

Stoneridge, Inc. (SRI) has a return on equity (ROE) of -6.2%. Negative ROE indicates the company is unprofitable.

Stoneridge, Inc. (SRI) generated $23.5M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

US Stock Screener

...

Stoneridge, Inc. (SRI) 10-Year Financial Performance & Capital Metrics

SRI • • Industrial / General

Consumer CyclicalAuto Parts & EquipmentElectrical & Electronic SystemsVehicle Electronics & Control Units

Revenue $908M -6.9%
EBITDA -$2M -103.5%
Net Income -$17M -218.8%
EPS (Diluted) -0.60 -215.8%
Gross Margin 20.84% +0.6%
EBITDA Margin -0.18% -103.7%
Operating Margin -0.04% -103.2%
Net Margin -1.82% -242.5%
ROE -6.2% -240.2%
ROIC -0.07% -103.1%
Debt/Equity 0.85 +20.2%
Interest Coverage -0.03 -102.7%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Trading at only 0.7x book value
✓Efficient asset utilization: 1.5x turnover

✗Weaknesses

✗Trading more than 30% below 52-week high

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y3.24%

5Y1.71%

3Y5.64%

TTM-4.91%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM-333.79%

EPS CAGR

10Y-

5Y-

3Y-

TTM-325.93%

ROCE

10Y Avg8.01%

5Y Avg0.94%

3Y Avg1.05%

Latest-0.08%

Peer Comparison

Vehicle Electronics & Control Units

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
GNTXGentex Corporation	5.25B	24.00	13.64	0.61%	15.61%	15.2%	6.73%	0.00
APTVAptiv PLC	17.85B	82.61	11.87	-1.69%	1.46%	3.08%	9.05%	0.98
VCVisteon Corporation	2.66B	97.54	9.93	-2.23%	8.22%	19.78%	10.9%	0.33
ECXECARX Holdings, Inc.	578.06M	1.86	-0.66	18.33%	-4.06%
MKDWMKDWELL Tech Inc.	9.82M	0.17	-1.11	-45.54%	-125.96%
SRIStoneridge, Inc.	169.22M	6.04	-10.07	-6.92%	-3.66%	-12.75%	13.85%	0.85

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	644.81M	695.98M	824.44M	866.2M	834.29M	648.01M	770.46M	899.92M	975.82M	908.29M
Revenue Growth %	-0.02%	0.08%	0.18%	0.05%	-0.04%	-0.22%	0.19%	0.17%	0.08%	-0.07%
Cost of Goods Sold+	467.83M	500.54M	576.3M	609.57M	620.56M	493.81M	603.6M	725M	773.72M	719.04M
COGS % of Revenue	0.73%	0.72%	0.7%	0.7%	0.74%	0.76%	0.78%	0.81%	0.79%	0.79%
Gross Profit+	176.98M	195.44M	248.14M	256.63M	213.73M	154.2M	166.86M	174.93M	202.1M	189.25M
Gross Margin %	0.27%	0.28%	0.3%	0.3%	0.26%	0.24%	0.22%	0.19%	0.21%	0.21%
Gross Profit Growth %	-0.07%	0.1%	0.27%	0.03%	-0.17%	-0.28%	0.08%	0.05%	0.16%	-0.06%
Operating Expenses+	149.16M	151.36M	190.77M	189.63M	142.45M	161.86M	151.45M	171.99M	189.26M	189.63M
OpEx % of Revenue	0.23%	0.22%	0.23%	0.22%	0.17%	0.25%	0.2%	0.19%	0.19%	0.21%
Selling, General & Admin	110.37M	111.14M	141.89M	138.55M	123.85M	112.47M	116M	106.69M	114.07M	117.46M
SG&A % of Revenue	0.17%	0.16%	0.17%	0.16%	0.15%	0.17%	0.15%	0.12%	0.12%	0.13%
Research & Development	38.79M	40.21M	48.88M	51.07M	52.2M	49.39M	66.17M	65.3M	89.88M	72.17M
R&D % of Revenue	0.06%	0.06%	0.06%	0.06%	0.06%	0.08%	0.09%	0.07%	0.09%	0.08%
Other Operating Expenses	0	147K	-641K	736K	-33.6M	0	-30.72M	0	-14.7M	0
Operating Income+	27.82M	44.08M	57.37M	67M	71.28M	-7.66M	15.41M	2.94M	12.84M	-381K
Operating Margin %	0.04%	0.06%	0.07%	0.08%	0.09%	-0.01%	0.02%	0%	0.01%	-0%
Operating Income Growth %	2.08%	0.58%	0.3%	0.17%	0.06%	-1.11%	3.01%	-0.81%	3.37%	-1.03%
EBITDA+	50.61M	67.34M	85.3M	96.2M	102.76M	25.57M	49.88M	37.71M	46.53M	-1.61M
EBITDA Margin %	0.08%	0.1%	0.1%	0.11%	0.12%	0.04%	0.06%	0.04%	0.05%	-0%
EBITDA Growth %	10.89%	0.33%	0.27%	0.13%	0.07%	-0.75%	0.95%	-0.24%	0.23%	-1.03%
D&A (Non-Cash Add-back)	22.8M	23.26M	27.93M	29.19M	31.48M	33.23M	34.47M	34.77M	33.69M	-1.23M
EBIT	26.59M	45.46M	58.37M	69.78M	72.72M	-4.6M	17.63M	-3.6M	11.37M	850K
Net Interest Income+	-6.37M	-6.28M	-5.78M	-4.72M	-4.32M	-6.12M	-5.19M	-7.1M	-13M	-14.45M
Interest Income	0	0	0	0	0	0	0	0	0	0
Interest Expense	6.37M	6.28M	5.78M	4.72M	4.32M	6.12M	5.19M	7.1M	13M	14.45M
Other Income/Expense	-7.58M	-4.9M	-4.79M	-1.95M	-2.89M	-3.06M	-2.98M	-13.63M	-14.76M	-13.22M
Pretax Income+	20.23M	39.19M	52.58M	65.06M	68.39M	-10.72M	12.44M	-10.7M	-1.92M	-13.6M
Pretax Margin %	0.03%	0.06%	0.06%	0.08%	0.08%	-0.02%	0.02%	-0.01%	-0%	-0.01%
Income Tax+	-547K	-36.39M	7.53M	11.21M	8.1M	-2.77M	9.03M	3.36M	3.26M	2.93M
Effective Tax Rate %	1.13%	1.98%	0.86%	0.83%	0.88%	0.74%	0.27%	1.31%	2.7%	1.22%
Net Income+	22.77M	77.46M	45.18M	53.85M	60.29M	-7.95M	3.41M	-14.06M	-5.18M	-16.52M
Net Margin %	0.04%	0.11%	0.05%	0.06%	0.07%	-0.01%	0%	-0.02%	-0.01%	-0.02%
Net Income Growth %	1.48%	2.4%	-0.42%	0.19%	0.12%	-1.13%	1.43%	-5.13%	0.63%	-2.19%
Net Income (Continuing)	20.78M	75.57M	45.05M	53.85M	60.29M	-7.95M	3.41M	-14.06M	-5.18M	-16.52M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	13.31M	13.76M	0	0	0	0	0	0	0	0
EPS (Diluted)+	0.81	2.74	1.57	1.85	2.13	-0.29	0.12	-0.52	-0.19	-0.60
EPS Growth %	1.46%	2.38%	-0.43%	0.18%	0.15%	-1.14%	1.41%	-5.33%	0.63%	-2.16%
EPS (Basic)	0.83	2.79	1.61	1.90	2.17	-0.29	0.13	-0.52	-0.19	-0.60
Diluted Shares Outstanding	27.96M	28.31M	28.77M	29.08M	28.27M	27.02M	27.42M	27.26M	27.44M	27.6M
Basic Shares Outstanding	27.34M	27.76M	28.08M	28.4M	27.79M	27.02M	27.11M	27.26M	27.28M	27.6M
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+	231.91M	240.89M	303.37M	320.18M	331.27M	334.66M	410.82M	409.55M	429.39M	387.51M
Cash & Short-Term Investments	54.36M	50.39M	66M	81.09M	69.4M	73.92M	85.55M	54.8M	40.84M	71.83M
Cash Only	54.36M	50.39M	66M	81.09M	69.4M	73.92M	85.55M	54.8M	40.84M	71.83M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	94.94M	113.22M	142.44M	139.08M	138.56M	136.75M	150.39M	158.16M	166.54M	137.77M
Days Sales Outstanding	53.74	59.38	63.06	58.6	60.62	77.02	71.25	64.15	62.3	55.36
Inventory	61.01M	60.12M	73.47M	79.28M	93.45M	90.55M	138.12M	152.58M	187.76M	151.34M
Days Inventory Outstanding	47.6	43.84	46.53	47.47	54.97	66.93	83.52	76.82	88.57	76.82
Other Current Assets	0	17.16M	21.46M	20.73M	0	0	0	44.02M	34.25M	26.58M
Total Non-Current Assets+	132.34M	153.64M	255.67M	239.34M	270.94M	286.74M	254.57M	242.55M	250.51M	234.04M
Property, Plant & Equipment	85.26M	91.5M	110.4M	112.21M	144.51M	138.27M	126.24M	118.41M	120.92M	107.72M
Fixed Asset Turnover	7.56x	7.61x	7.47x	7.72x	5.77x	4.69x	6.10x	7.60x	8.07x	8.43x
Goodwill	981K	931K	38.42M	36.72M	35.87M	39.1M	36.39M	34.23M	35.3M	33.09M
Intangible Assets	35.72M	39.26M	75.24M	62.03M	58.12M	55.39M	49.86M	45.51M	47.31M	39.68M
Long-Term Investments	10.38M	21.95M	31.6M	28.38M	32.44M	53.98M	42.08M	44.42M	8.82M	0
Other Non-Current Assets	-41.33M	-9.76M	-18.87M	-14.89M	0	0	0	0	38.16M	53.56M
Total Assets+	364.25M	394.53M	559.04M	559.52M	602.21M	621.41M	665.4M	652.11M	679.9M	621.56M
Asset Turnover	1.77x	1.76x	1.47x	1.55x	1.39x	1.04x	1.16x	1.38x	1.44x	1.46x
Asset Growth %	-0.09%	0.08%	0.42%	0%	0.08%	0.03%	0.07%	-0.02%	0.04%	-0.09%
Total Current Liabilities+	108.05M	112.71M	136.12M	147.31M	138.6M	146.05M	173.07M	177.69M	178.24M	149.97M
Accounts Payable	55.23M	62.59M	79.39M	87.89M	80.7M	86.1M	97.68M	110.2M	111.92M	83.48M
Days Payables Outstanding	43.09	45.64	50.28	52.63	47.47	63.64	59.07	55.48	52.8	42.38
Short-Term Debt	13.9M	8.63M	4.19M	1.53M	2.67M	7.67M	5.25M	1.45M	2.11M	0
Deferred Revenue (Current)	1000K	0	0	1000K	0	0	0	0	0	0
Other Current Liabilities	21.04M	25.16M	30.12M	37.66M	19.57M	21.85M	18.72M	19.02M	14.38M	21.17M
Current Ratio	2.15x	2.14x	2.23x	2.17x	2.39x	2.29x	2.37x	2.30x	2.41x	2.58x
Quick Ratio	1.58x	1.60x	1.69x	1.64x	1.72x	1.67x	1.58x	1.45x	1.36x	1.57x
Cash Conversion Cycle	58.25	57.57	59.31	53.44	68.12	80.31	95.7	85.48	98.07	89.81
Total Non-Current Liabilities+	149.77M	89.74M	178.84M	128.95M	173.71M	178.73M	196.38M	193.47M	213.94M	226.32M
Long-Term Debt	104.46M	75.06M	124.85M	96.98M	126.45M	136M	163.96M	167.8M	189.35M	201.58M
Capital Lease Obligations	0	0	0	0	17.97M	15.43M	14.91M	10.59M	7.68M	6.48M
Deferred Tax Liabilities	41.33M	9.76M	18.87M	14.89M	12.53M	12.94M	10.71M	8.5M	7.22M	5.32M
Other Non-Current Liabilities	3.98M	4.92M	35.12M	17.07M	16.75M	14.36M	6.81M	6.58M	9.69M	12.94M
Total Liabilities	257.82M	202.45M	314.96M	276.25M	312.31M	324.77M	369.45M	371.16M	392.18M	376.3M
Total Debt+	118.36M	83.69M	129.04M	98.52M	147.1M	159.11M	184.12M	179.85M	203.01M	208.06M
Net Debt	64M	33.3M	63.04M	17.42M	77.69M	85.19M	98.57M	125.05M	162.17M	136.23M
Debt / Equity	1.11x	0.44x	0.53x	0.35x	0.51x	0.54x	0.62x	0.64x	0.71x	0.85x
Debt / EBITDA	2.34x	1.24x	1.51x	1.02x	1.43x	6.22x	3.69x	4.77x	4.36x	-
Net Debt / EBITDA	1.26x	0.49x	0.74x	0.18x	0.76x	3.33x	1.98x	3.32x	3.49x	-
Interest Coverage	4.37x	7.02x	9.92x	14.20x	16.48x	-1.25x	2.97x	0.41x	0.99x	-0.03x
Total Equity+	106.43M	192.08M	244.07M	283.27M	289.9M	296.63M	295.95M	280.94M	287.72M	245.26M
Equity Growth %	-0.06%	0.8%	0.27%	0.16%	0.02%	0.02%	-0%	-0.05%	0.02%	-0.15%
Book Value per Share	3.81	6.79	8.48	9.74	10.25	10.98	10.79	10.31	10.48	8.89
Total Shareholders' Equity	93.12M	178.31M	244.07M	283.27M	289.9M	296.63M	295.95M	280.94M	287.72M	245.26M
Common Stock	0	0	0	0	0	0	0	0	0	0
Retained Earnings	-32.1M	45.36M	92.26M	146.25M	206.54M	212.34M	215.75M	201.69M	196.51M	179.99M
Treasury Stock	-4.21M	-5.63M	-7.12M	-8.88M	-50.77M	-60.48M	-55.26M	-50.37M	-43.34M	-38.42M
Accumulated OCI	-69.82M	-67.91M	-69.56M	-85.75M	-91.47M	-89.64M	-97.02M	-103.14M	-92.79M	-122.01M
Minority Interest	13.31M	13.76M	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+	54.8M	65.28M	78.91M	80.77M	24.5M	28.64M	-36.25M	6.81M	4.95M	47.75M
Operating CF Margin %	0.08%	0.09%	0.1%	0.09%	0.03%	0.04%	-0.05%	0.01%	0.01%	0.05%
Operating CF Growth %	1.77%	0.19%	0.21%	0.02%	-0.7%	0.17%	-2.27%	1.19%	-0.27%	8.65%
Net Income	20.57M	75.57M	45.05M	53.85M	60.29M	-7.95M	3.41M	-14.06M	-5.18M	-16.52M
Depreciation & Amortization	22.8M	23.61M	28.25M	29.52M	31.48M	33.23M	34.47M	34.77M	33.69M	34.99M
Stock-Based Compensation	7.22M	6.13M	7.26M	5.63M	6.19M	5.89M	5.96M	5.94M	3.32M	4.09M
Deferred Taxes	-2.17M	-39.72M	-6.82M	968K	5.59M	-7.95M	-511K	-5.11M	-4.04M	-5.74M
Other Non-Cash Items	-324K	-1.19M	4.05M	-1.29M	-34.26M	-2.24M	-35.98M	1.13M	1.08M	1.8M
Working Capital Changes	6.71M	865K	1.1M	-7.9M	-44.79M	7.67M	-43.59M	-15.87M	-23.93M	29.13M
Change in Receivables	-489K	-18.69M	-15.16M	-3.58M	-1.35M	4.16M	-17.02M	-13.16M	-5.85M	20.17M
Change in Inventory	-4.34M	4.52M	-2.13M	-10M	-15.65M	4M	-51.27M	-20.13M	-31.56M	26.9M
Change in Payables	6.58M	10.98M	10.49M	11.05M	-6.98M	3.64M	16.52M	18.49M	1.09M	-24.62M
Cash from Investing+	-30.37M	-23.82M	-108.64M	-27.95M	-6.3M	-33.88M	28.04M	-28.58M	-36.98M	-24.47M
Capital Expenditures	-28.73M	-24.48M	-32.17M	-29.03M	-39.47M	-32.46M	-27.03M	-31.61M	-38.5M	0
CapEx % of Revenue	0.04%	0.04%	0.04%	0.03%	0.05%	0.05%	0.04%	0.04%	0.04%	0.03%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	64K	652K	788K	1.51M	382K	127K	35.44M	158K	1.87M	-24.47M
Cash from Financing+	-11.02M	-43.37M	40.78M	-33.87M	-28.26M	6.51M	22.88M	-7.3M	17.48M	11.12M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	-49K	977K	-1.91M	0	-3.39M	0	-18K	-6.76M	-2.25M	0
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	26.07M	40.8M	46.74M	51.74M	-14.96M	-3.82M	-63.28M	-24.8M	-33.55M	23.45M
FCF Margin %	0.04%	0.06%	0.06%	0.06%	-0.02%	-0.01%	-0.08%	-0.03%	-0.03%	0.03%
FCF Growth %	6.28%	0.57%	0.15%	0.11%	-1.29%	0.74%	-15.56%	0.61%	-0.35%	1.7%
FCF per Share	0.93	1.44	1.62	1.78	-0.53	-0.14	-2.31	-0.91	-1.22	0.85
FCF Conversion (FCF/Net Income)	2.41x	0.84x	1.75x	1.50x	0.41x	-3.60x	-10.64x	-0.48x	-0.95x	-2.89x
Interest Paid	6.09M	5.79M	5.75M	5M	4.4M	5.62M	6.05M	7.29M	13.01M	15.46M
Taxes Paid	2.49M	3.39M	7.09M	13.21M	12.22M	0	11.27M	6.18M	10.3M	9.26M

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	20.68%	51.9%	20.72%	20.42%	21.04%	-2.71%	1.15%	-4.87%	-1.82%	-6.2%
Return on Invested Capital (ROIC)	11.23%	16.71%	16.16%	16.54%	16%	-1.53%	2.98%	0.55%	2.25%	-0.07%
Gross Margin	27.45%	28.08%	30.1%	29.63%	25.62%	23.8%	21.66%	19.44%	20.71%	20.84%
Net Margin	3.53%	11.13%	5.48%	6.22%	7.23%	-1.23%	0.44%	-1.56%	-0.53%	-1.82%
Debt / Equity	1.11x	0.44x	0.53x	0.35x	0.51x	0.54x	0.62x	0.64x	0.71x	0.85x
Interest Coverage	4.37x	7.02x	9.92x	14.20x	16.48x	-1.25x	2.97x	0.41x	0.99x	-0.03x
FCF Conversion	2.41x	0.84x	1.75x	1.50x	0.41x	-3.60x	-10.64x	-0.48x	-0.95x	-2.89x
Revenue Growth	-2.39%	7.93%	18.46%	5.06%	-3.68%	-22.33%	18.9%	16.8%	8.43%	-6.92%

Revenue by Segment

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Electronics	-	-	-	381.85M	335.19M	257.77M	357.91M	505.1M	608.16M	594.7M
Electronics Growth	-	-	-	-	-12.22%	-23.10%	38.85%	41.12%	20.40%	-2.21%
Control Devices	-	-	-	449.64M	431.56M	342.58M	355.77M	342.6M	345.26M	296.28M
Control Devices Growth	-	-	-	-	-4.02%	-20.62%	3.85%	-3.70%	0.78%	-14.19%
PST	-	-	-	-	-	-	56.78M	52.23M	-	-
PST Growth	-	-	-	-	-	-	-	-8.01%	-	-
Pst	-	-	-	80.18M	67.53M	47.66M	-	-	-	-
Pst Growth	-	-	-	-	-15.77%	-29.42%	-	-	-	-

Revenue by Geography

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
North America	369.03M	428.05M	471.77M	85.36M	-	-	-	-	495.54M	447.14M
North America Growth	-	15.99%	10.21%	-81.91%	-	-	-	-	-	-9.77%
UNITED STATES	-	-	-	-	-	-	-	-	-	447.14M
UNITED STATES Growth	-	-	-	-	-	-	-	-	-	-
SWEDEN	-	-	-	-	-	-	-	-	-	159.03M
SWEDEN Growth	-	-	-	-	-	-	-	-	-	-
NETHERLANDS	-	-	-	-	-	-	-	-	-	84.3M
NETHERLANDS Growth	-	-	-	-	-	-	-	-	-	-
CHINA	-	-	-	-	-	-	-	-	-	51.3M
CHINA Growth	-	-	-	-	-	-	-	-	-	-
BRAZIL	-	-	-	-	-	-	-	-	-	49.65M
BRAZIL Growth	-	-	-	-	-	-	-	-	-	-
South America	95.26M	82.59M	94.53M	80.17M	-	-	-	-	57.21M	49.65M
South America Growth	-	-13.30%	14.46%	-15.19%	-	-	-	-	-	-13.22%
Other European Countries	-	-	-	-	-	-	-	-	-	6.75M
Other European Countries Growth	-	-	-	-	-	-	-	-	-	-
Europe	-	-	-	255.4M	-	-	-	-	360.68M	-
Europe Growth	-	-	-	-	-	-	-	-	-	-
Asia Pacific	-	-	-	3.96M	-	-	-	-	62.38M	-
Asia Pacific Growth	-	-	-	-	-	-	-	-	-	-
Europe and Other	-	-	-	-	-	-	326.74M	402.76M	-	-
Europe and Other Growth	-	-	-	-	-	-	-	23.27%	-	-
Europe And Other	180.52M	185.34M	258.14M	-	309.12M	269.81M	-	-	-	-
Europe And Other Growth	-	2.67%	39.28%	-	-	-12.72%	-	-	-	-

Frequently Asked Questions

Growth & Financials

Stoneridge, Inc. (SRI) reported $874.4M in revenue for fiscal year 2024. This represents a 14% increase from $765.4M in 2011.

Stoneridge, Inc. (SRI) saw revenue decline by 6.9% over the past year.

Stoneridge, Inc. (SRI) reported a net loss of $32.0M for fiscal year 2024.

Dividend & Returns

Stoneridge, Inc. (SRI) has a return on equity (ROE) of -6.2%. Negative ROE indicates the company is unprofitable.

Stoneridge, Inc. (SRI) generated $23.5M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.