Worksport Ltd.(WKSP)Earnings, Financials & Key Ratios
WKSP•NASDAQ
$1.08
$6M mkt cap·Price updated May 7, 2026
AboutWorksport Ltd., through its subsidiary, designs, manufactures, and distributes truck tonneau covers in Canada and the United States. The company offers soft cover (SC) and tough cover (TC) tonneau covers, including SC3, a tri-fold cover that seals around the truck bed with a rubber gasket designed to protect cargo from moisture and debris; SC3pro that allows the operator to open the cover by pulling a release cable; and TC3, a thick aluminum tri-cover panel with a honey-comb core coated in a durable black scratch-resistant powder coating. It is also developing TerraVis, a solar cover tonneau cover that gives rechargeable portable power to pickup truck owners. The company distributes its products through wholesalers and online retail channels. It serves private labels and original equipment manufacturers. Worksport Ltd. has a collaboration agreement with Greatcell Energy Pty Ltd. The company was formerly known as Franchise Holdings International, Inc. and changed its name to Worksport Ltd. in May 2020. Worksport Ltd. is based in Vaughan, Canada.Show more
- Revenue$8M+454.7%
- EBITDA-$14M-0.6%
- Net Income-$16M-8.3%
- EPS (Diluted)-5.84-289.3%
- Gross Margin10.67%-32.1%
- EBITDA Margin-161.62%+81.9%
- Operating Margin-182.29%+81.1%
- Net Margin-190.51%+80.5%
- ROE-90.83%-28.7%
- ROIC-59.18%+0.5%
- Debt/Equity0.32-6.0%
- Interest Coverage-21.30+10.9%
WKSP Key Insights
Worksport Ltd. (WKSP) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Strong 5Y sales CAGR of 34.5%
- ✓Share count reduced 72.3% through buybacks
- ✓Trading at only 0.2x book value
✗Weaknesses
- ✗Negative free cash flow
- ✗Weak momentum: RS Rating 6 (bottom 6%)
- ✗Trading more than 30% below 52-week high
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
WKSP Price & Volume
Worksport Ltd. (WKSP) stock price & volume — 10-year historical chart
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WKSP Growth Metrics
Worksport Ltd. (WKSP) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years30.48%
5 Years34.52%
3 Years203.41%
TTM232.13%
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM-8.44%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM-182.47%
Return on Capital
10 Years-92086.81%
5 Years-150.72%
3 Years-58.09%
Last Year-74.8%
WKSP Peer Comparison
Worksport Ltd. (WKSP) competitors in Aftermarket Parts and Accessories — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 ATXG | 2.82M | 4.89 | -0.38 | -18.88% | -201.97% | -31.72% | 1.03 | |
 TYGO | 330.21M | 4.35 | -145 | 91.68% | 3.07% | 16.4% | 0.10 | |
 NXRT | 756.27M | 29.80 | -23.65 | -3.24% | -12.67% | -10.13% | 5.18 | |
 XPEL | 1.21B | 43.96 | 23.76 | 13.27% | 10.82% | 19.14% | 0.08 | |
 LKQ | 7.33B | 28.71 | 12.22 | -3.06% | 3.71% | 7.9% | 0.77 | |
 MPAA | 220.32M | 11.47 | -11.59 | 5.53% | 0.25% | 0.75% | 0.78 | |
 THRM | 944.3M | 30.81 | 51.35 | 2.64% | 1.47% | 3.17% | 0.41 | |
 F | 47.73B | 12.18 | -5.91 | 1.23% | -3.22% | -14.71% | 4.66 |
Compare WKSP vs Peers
Worksport Ltd. (WKSP) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
WKSP Income Statement
Worksport Ltd. (WKSP) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Line item | Dec'16 | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales/Revenue | 361.12K | 408.7K | 481.52K | 1.93M | 346.14K | 303.75K | 116.5K | 1.53M | 8.48M | 12.4M |
| Revenue Growth % | -44.58% | 13.18% | 17.82% | 300.07% | -82.03% | -12.25% | -61.65% | 1212.97% | 454.67% | 232.13% |
| Cost of Goods Sold | 334.06K | 231.77K | 384.91K | 1.69M | 299K | 350.7K | 56.97K | 1.29M | 7.58M | 10.35M |
| COGS % of Revenue | 92.51% | 56.71% | 79.94% | 87.62% | 86.38% | 115.46% | 48.9% | 84.28% | 89.33% | - |
| Gross Profit | 27.06K▲ 0% | 176.93K▲ 553.8% | 96.61K▼ 45.4% | 238.55K▲ 146.9% | 47.15K▼ 80.2% | -46.95K▼ 199.6% | 59.53K▲ 226.8% | 240.51K▲ 304.0% | 905.65K▲ 276.5% | 2.05M▲ 0% |
| Gross Margin % | 7.49% | 43.29% | 20.06% | 12.38% | 13.62% | -15.46% | 51.1% | 15.72% | 10.67% | 16.54% |
| Gross Profit Growth % | -77.27% | 553.77% | -45.39% | 146.91% | -80.24% | -199.58% | 226.8% | 303.99% | 276.55% | - |
| Operating Expenses | 389.28K | 1.95M | 1.31M | 776.4K | 1.03M | 7.51M | 12.83M | 14.98M | 16.37M | 17.84M |
| OpEx % of Revenue | 107.8% | 477.8% | 271.59% | 40.3% | 298.54% | 2474% | 11015.48% | 979.14% | 192.96% | - |
| Selling, General & Admin | 381.62K | 1.95M | 1.22M | 859.85K | 1.03M | 7.51M | 12.84M | 13.31M | 14.1M | 14.9M |
| SG&A % of Revenue | 105.68% | 477.8% | 254.08% | 44.64% | 297.45% | 2472.63% | 11024.46% | 870.18% | 166.15% | - |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1.67M | 2.29M | 2.96M |
| R&D % of Revenue | - | - | - | - | - | - | - | 109.13% | 26.99% | - |
| Other Operating Expenses | 7.66K | 0 | 84.31K | -83.45K | 3.8K | 4.17K | -10.46K | -2.69K | -14.88K | -26.21K |
| Operating Income | -362.22K▲ 0% | -1.78M▼ 391.6% | -1.21M▲ 32.0% | -537.85K▲ 55.6% | -986.24K▼ 83.4% | -7.56M▼ 666.7% | -12.77M▼ 68.9% | -14.74M▼ 15.4% | -15.47M▼ 4.9% | -15.79M▲ 0% |
| Operating Margin % | -100.3% | -435.65% | -251.52% | -27.92% | -284.92% | -2489.46% | -10964.37% | -963.41% | -182.29% | -127.38% |
| Operating Income Growth % | 89.4% | -391.55% | 31.98% | 55.59% | -83.37% | -666.72% | -68.93% | -15.37% | -4.95% | - |
| EBITDA | -361.22K | -1.78M | -1.21M | -526.41K | -959.28K | -7.49M | -12.29M | -13.63M | -13.71M | -13.76M |
| EBITDA Margin % | -100.03% | -435.33% | -251.21% | -27.33% | -277.13% | -2467.44% | -10546.71% | -890.86% | -161.62% | -111.04% |
| EBITDA Growth % | 89.42% | -392.55% | 32.01% | 56.48% | -82.23% | -681.3% | -63.94% | -10.9% | -0.63% | -0.07% |
| D&A (Non-Cash Add-back) | 998 | 1.29K | 1.52K | 11.44K | 26.96K | 66.88K | 486.58K | 1.11M | 1.75M | 2.03M |
| EBIT | -1.01M | -3.39M | -1.71M | -287.07K | -801.37K | -7.6M | -12.05M | -14.31M | -15.44M | -15.84M |
| Net Interest Income | -201.88K | -170.12K | -55.97K | -71.96K | -386.25K | -291.23K | -276.41K | -376.86K | -688.6K | -738.05K |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 3.69K | 212.29K | 239.35K | 37.49K | 53.88K |
| Interest Expense | 201.88K | 170.12K | 55.97K | 71.96K | 386.25K | 294.92K | 488.7K | 616.21K | 726.1K | 791.93K |
| Other Income/Expense | -774K | -1.62M | -551.91K | 178.82K | -201.38K | -335.35K | 239.3K | -192.3K | -697.96K | -841.12K |
| Pretax Income | -1.14M▲ 0% | -3.4M▼ 199.5% | -1.76M▲ 48.2% | -359.03K▲ 79.6% | -1.19M▼ 230.8% | -7.9M▼ 565.0% | -12.53M▼ 58.7% | -14.93M▼ 19.1% | -16.16M▼ 8.3% | -16.63M▲ 0% |
| Pretax Margin % | -314.64% | -832.66% | -366.14% | -18.64% | -343.1% | -2599.86% | -10758.97% | -975.98% | -190.51% | -134.17% |
| Income Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Effective Tax Rate % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Net Income | -1.14M▲ 0% | -3.4M▼ 199.5% | -1.76M▲ 48.2% | -359.03K▲ 79.6% | -1.19M▼ 230.8% | -7.9M▼ 565.0% | -12.53M▼ 58.7% | -14.93M▼ 19.1% | -16.16M▼ 8.3% | -16.63M▲ 0% |
| Net Margin % | -314.64% | -832.66% | -366.14% | -18.64% | -343.1% | -2599.86% | -10758.97% | -975.98% | -190.51% | -134.17% |
| Net Income Growth % | 67.42% | -199.51% | 48.19% | 79.64% | -230.78% | -564.95% | -58.72% | -19.1% | -8.27% | -8.44% |
| Net Income (Continuing) | -1.14M | -3.4M | -1.76M | -359.03K | -1.19M | -7.9M | -12.53M | -14.93M | -16.16M | -16.63M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -2.03▲ 0% | -3.33▼ 64.0% | -1.58▲ 52.6% | -0.19▲ 88.0% | -0.43▼ 126.3% | -0.71▼ 65.1% | -1.26▼ 77.5% | -1.50▼ 19.0% | -5.84▼ 289.3% | -3.15▲ 0% |
| EPS Growth % | 67.31% | -64.04% | 52.55% | 87.97% | -126.32% | -65.12% | -77.46% | -19.05% | -289.33% | -182.47% |
| EPS (Basic) | -2.03 | -3.34 | -1.58 | -0.19 | -0.43 | -0.71 | -1.74 | -2.07 | -5.84 | - |
| Diluted Shares Outstanding | 560.58K | 1.02M | 1.12M | 1.84M | 2.73M | 11.5M | 9.98M | 9.98M | 2.77M | 5.29M |
| Basic Shares Outstanding | 560.58K | 1.02M | 1.12M | 1.84M | 2.73M | 11.5M | 7.22M | 7.22M | 2.77M | 5.29M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - |
WKSP Balance Sheet
Worksport Ltd. (WKSP) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'16 | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Total Current Assets | 284.16K | 712.83K | 500.83K | 253.69K | 1.68M | 34.03M | 18.33M | 9.12M | 10.48M | 8.49M |
| Cash & Short-Term Investments | 0 | 66.96K | 25.32K | 11.99K | 1.12M | 28.57M | 15.32M | 4.86M | 4.88M | 1.39M |
| Cash Only | 0 | 66.96K | 25.32K | 11.99K | 1.11M | 28.57M | 14.62M | 3.37M | 4.88M | 1.39M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 14.51K | 0 | 699.76K | 1.49M | 0 | 0 |
| Accounts Receivable | 88.92K | 189.5K | 61.88K | 67.8K | 122.79K | 247.41K | 330.63K | 628.99K | 212.32K | 524.05K |
| Days Sales Outstanding | 89.87 | 169.24 | 46.91 | 12.85 | 129.48 | 297.29 | 1.04K | 150.09 | 9.13 | 12.04 |
| Inventory | 78.97K | 44.63K | 289.52K | 113.16K | 40.8K | 501.77K | 1.35M | 3.63M | 5.19M | 5.88M |
| Days Inventory Outstanding | 86.29 | 70.29 | 274.54 | 24.47 | 49.81 | 522.23 | 8.63K | 1.03K | 249.96 | 202.3 |
| Other Current Assets | 0 | 0 | 0 | 0 | 167.84K | 0 | 0 | 0 | 90.51K | 0 |
| Total Non-Current Assets | 52.59K | 192.64K | 56.53K | 227.62K | 217.39K | 2.26M | 14.43M | 16.83M | 15.26M | 15.09M |
| Property, Plant & Equipment | 39.26K | 43.08K | 43.86K | 154.82K | 130.02K | 1.64M | 13.14M | 15.4M | 14.24M | 13.95M |
| Fixed Asset Turnover | 9.20x | 9.49x | 10.98x | 12.44x | 2.66x | 0.18x | 0.01x | 0.10x | 0.60x | 0.87x |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 13.33K | 13.1K | 12.67K | 57.15K | 62.95K | 593.05K | 1.27M | 1.34M | 953.05K | 1.02M |
| Long-Term Investments | 9.35K | 10.76K | 1.58K | 15.66K | 24.42K | 26K | 24.42K | 90.73K | 66.31K | 346.03K |
| Other Non-Current Assets | -9.35K | 136.47K | -1.58K | 15.66K | 0 | 22.85K | 24.42K | 0 | 0 | 0 |
| Total Assets | 336.75K▲ 0% | 905.47K▲ 168.9% | 557.37K▼ 38.4% | 481.31K▼ 13.6% | 1.9M▲ 295.2% | 36.29M▲ 1808.1% | 32.76M▼ 9.7% | 25.95M▼ 20.8% | 25.74M▼ 0.8% | 23.58M▲ 0% |
| Asset Turnover | 1.07x | 0.45x | 0.86x | 4.00x | 0.18x | 0.01x | 0.00x | 0.06x | 0.33x | 0.49x |
| Asset Growth % | 11.22% | 168.89% | -38.44% | -13.65% | 295.2% | 1808.05% | -9.73% | -20.79% | -0.84% | -15.11% |
| Total Current Liabilities | 1.24M | 533.94K | 780.93K | 1.32M | 1.72M | 1.8M | 2.46M | 7.17M | 3.17M | 3.73M |
| Accounts Payable | 340.27K | 230.77K | 401.77K | 969.32K | 891.9K | 1.14M | 2.03M | 1.26M | 1.53M | 1.97M |
| Days Payables Outstanding | 371.79 | 363.42 | 380.99 | 209.62 | 1.09K | 1.19K | 13K | 356.84 | 73.52 | 68.09 |
| Short-Term Debt | 187.6K | 298.06K | 296.8K | 296.52K | 674.29K | 327.14K | 46.1K | 5.3M | 222.99K | 235.87K |
| Deferred Revenue (Current) | 4.8K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 700.07K | 0 | 82.36K | 36.84K | 1 | 112.19K | 0 | 190.9K | 377.11K | 517.48K |
| Current Ratio | 0.23x | 1.34x | 0.64x | 0.19x | 0.98x | 18.94x | 7.45x | 1.27x | 3.30x | 3.30x |
| Quick Ratio | 0.17x | 1.25x | 0.27x | 0.11x | 0.96x | 18.66x | 6.90x | 0.77x | 1.67x | 1.67x |
| Cash Conversion Cycle | -195.63 | -123.89 | -59.54 | -172.3 | -909.5 | -371.67 | -3.33K | 821.47 | 185.57 | 146.25 |
| Total Non-Current Liabilities | 104.08K | 528.83K | 698.56K | 39.19K | 14.62K | 316.99K | 6.18M | 608.76K | 5.15M | 2.53M |
| Long-Term Debt | 104.08K | 0 | 0 | 0 | 0 | 0 | 5.3M | 0 | 4.78M | 2.09M |
| Capital Lease Obligations | 0 | 0 | 0 | 39.19K | 14.62K | 316.99K | 884.15K | 608.76K | 368.47K | 1.55M |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Liabilities | 1.34M | 533.94K | 780.93K | 1.36M | 1.73M | 2.11M | 8.65M | 7.78M | 8.32M | 6.26M |
| Total Debt | 291.68K | 298.06K | 296.8K | 357.7K | 712.79K | 857.06K | 6.62M | 6.24M | 5.62M | 3.09M |
| Net Debt | 291.68K | 231.09K | 271.47K | 345.71K | -395.02K | -27.71M | -8M | 2.87M | 735.9K | 1.7M |
| Debt / Equity | - | 0.80x | - | - | 4.21x | 0.03x | 0.27x | 0.34x | 0.32x | 0.32x |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | -0.22x |
| Net Debt / EBITDA | - | - | - | - | - | - | - | - | - | -0.12x |
| Interest Coverage | -1.79x | -10.47x | -21.64x | -7.47x | -2.55x | -25.64x | -26.14x | -23.91x | -21.30x | -20.00x |
| Total Equity | -1M▲ 0% | 371.53K▲ 137.0% | -223.56K▼ 160.2% | -882.56K▼ 294.8% | 169.47K▲ 119.2% | 34.18M▲ 20068.4% | 24.12M▼ 29.4% | 18.18M▼ 24.6% | 17.41M▼ 4.2% | 17.32M▲ 0% |
| Equity Growth % | -27119.82% | 136.97% | -160.17% | -294.78% | 119.2% | 20068.36% | -29.44% | -24.63% | -4.21% | -7.6% |
| Book Value per Share | -1.79 | 0.36 | -0.20 | -0.48 | 0.06 | 2.97 | 2.42 | 1.82 | 6.29 | 3.28 |
| Total Shareholders' Equity | -1M | 371.53K | -223.56K | -882.56K | 169.47K | 34.18M | 24.12M | 18.18M | 17.41M | 17.32M |
| Common Stock | 6.81K | 12.23K | 2.46K | 4.19K | 382 | 1.7K | 1.72K | 2.03K | 4.02K | 5.52K |
| Retained Earnings | -5.19M | -8.59M | -10.35M | -11.68M | -12.87M | -20.85M | -33.38M | -48.31M | -64.48M | -72.67M |
| Treasury Stock | 0 | -10.19K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | -3.78K | -44.38K | -3.61K | 2.15M | 369.27K | -8.58K | -8.58K | 1.8M | -8.58K | -8.58K |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
WKSP Cash Flow Statement
Worksport Ltd. (WKSP) cash flow — operating, investing & free cash flow history
| Line item | Dec'16 | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations | -237.02K | -194.94K | -379.28K | -13.25K | -726.3K | -4.05M | -7.98M | -11.93M | -10.14M | -10.14M |
| Operating CF Margin % | -65.64% | -47.7% | -78.77% | -0.69% | -209.83% | -1332.25% | -6847.92% | -779.96% | -119.5% | - |
| Operating CF Growth % | 56.27% | 17.75% | -94.56% | 96.51% | -5380.28% | -457.17% | -97.15% | -49.54% | 15.02% | 48.23% |
| Net Income | -1.14M | -3.4M | -1.76M | -414.61K | -1.19M | -7.9M | -12.53M | -14.93M | -16.16M | -16.63M |
| Depreciation & Amortization | 998 | 1.29K | 1.52K | 11.44K | 26.96K | 211.74K | 486.58K | 1.11M | 1.75M | 2.03M |
| Stock-Based Compensation | 0 | 1.47M | 0 | 0 | 415.67K | 3.92M | 4.9M | 5.75M | 0 | 989.45K |
| Deferred Taxes | 0 | 0 | 0 | 0 | -415.67K | -3.92M | 0 | 0 | 0 | 0 |
| Other Non-Cash Items | 747.48K | 1.56M | 505.12K | -140.91K | 635.64K | 4.25M | -264.18K | -13.78K | 2.97M | 1.24M |
| Working Capital Changes | 150.72K | 178.97K | 877.12K | 530.83K | -201.28K | -612.77K | -565.38K | -3.85M | 1.3M | 1.72M |
| Change in Receivables | 14.42K | -108.36K | 127.62K | -5.91K | -119.81K | -2.23K | 83 | -400.52K | 383.7K | 207.23K |
| Change in Inventory | 50.03K | 14.66K | -225.2K | 122.07K | 72.35K | -460.97K | -844.6K | -2.29M | -1.56M | 505.23K |
| Change in Payables | 91.97K | 104.46K | 343.05K | 405.21K | -59.28K | 187.51K | 995.34K | -577.12K | 1.17M | 1.7M |
| Cash from Investing | -3.41K | -4.87K | -1.87K | -114.01K | -16.73K | -1.13M | -11.15M | -3.76M | -528.24K | -775.25K |
| Capital Expenditures | -3.41K | -4.87K | -1.87K | -98.35K | -7.96K | -1.13M | -11.15M | -3.69M | -528.24K | -462.29K |
| CapEx % of Revenue | 0.94% | 1.19% | 0.39% | 5.11% | 2.3% | 372.59% | 9571.32% | 241.24% | 6.23% | - |
| Acquisitions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -66.31K | 0 | -312.95K |
| Cash from Financing | 223.53K | 307.38K | 298.74K | 117.84K | 1.81M | 32.64M | 5.18M | 4.43M | 12.18M | 9.39M |
| Debt Issued (Net) | 203.13K | 167.62K | 9.8K | 68.58K | 630.19K | -62.91K | 5.18M | -43.9K | -298.19K | -2.97M |
| Equity Issued (Net) | 10.5K | 139.76K | 300K | 30K | 1000K | 1000K | 0 | 1000K | 1000K | 1.29M |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing | 9.9K | 0 | -11.06K | 19.27K | -80.15K | 8.3M | 0 | 0 | 3.75M | 6.53M |
| Net Change in Cash | -14.47K▲ 0% | 66.96K▲ 562.9% | -41.64K▼ 162.2% | -13.33K▲ 68.0% | 1.1M▲ 8320.7% | 27.46M▲ 2405.8% | -13.95M▼ 150.8% | -11.25M▲ 19.3% | 1.52M▲ 113.5% | -2.03M▲ 0% |
| Free Cash Flow | -240.43K▲ 0% | -199.82K▲ 16.9% | -381.15K▼ 90.8% | -111.61K▲ 70.7% | -734.27K▼ 557.9% | -5.18M▼ 605.3% | -19.13M▼ 269.4% | -15.62M▲ 18.3% | -10.67M▲ 31.7% | -11.37M▲ 0% |
| FCF Margin % | -66.58% | -48.89% | -79.16% | -5.79% | -212.13% | -1704.84% | -16419.23% | -1021.2% | -125.73% | -91.74% |
| FCF Growth % | 58.94% | 16.89% | -90.75% | 70.72% | -557.91% | -605.25% | -269.39% | 18.34% | 31.71% | 17.37% |
| FCF per Share | -0.43 | -0.20 | -0.34 | -0.06 | -0.27 | -0.45 | -1.92 | -1.56 | -3.85 | -3.85 |
| FCF Conversion (FCF/Net Income) | 0.21x | 0.06x | 0.22x | 0.04x | 0.61x | 0.51x | 0.64x | 0.80x | 0.63x | 0.68x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 400K |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
WKSP Key Ratios
Worksport Ltd. (WKSP) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity (ROE) | - | -915.97% | -2382.95% | - | -700.76% | -45.98% | -43% | -70.59% | -90.83% | -96.04% |
| Return on Invested Capital (ROIC) | - | - | -279.26% | - | - | -181.64% | -84.84% | -59.47% | -59.18% | -59.18% |
| Gross Margin | 7.49% | 43.29% | 20.06% | 12.38% | 13.62% | -15.46% | 51.1% | 15.72% | 10.67% | 16.54% |
| Net Margin | -314.64% | -832.66% | -366.14% | -18.64% | -343.1% | -2599.86% | -10758.97% | -975.98% | -190.51% | -134.17% |
| Debt / Equity | - | 0.80x | - | - | 4.21x | 0.03x | 0.27x | 0.34x | 0.32x | 0.32x |
| Interest Coverage | -1.79x | -10.47x | -21.64x | -7.47x | -2.55x | -25.64x | -26.14x | -23.91x | -21.30x | -20.00x |
| FCF Conversion | 0.21x | 0.06x | 0.22x | 0.04x | 0.61x | 0.51x | 0.64x | 0.80x | 0.63x | 0.68x |
| Revenue Growth | -44.58% | 13.18% | 17.82% | 300.07% | -82.03% | -12.25% | -61.65% | 1212.97% | 454.67% | 232.13% |
WKSP Frequently Asked Questions
Worksport Ltd. (WKSP) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
Worksport Ltd. (WKSP) reported $12.4M in revenue for fiscal year 2024.
Worksport Ltd. (WKSP) grew revenue by 454.7% over the past year. This is strong growth.
Worksport Ltd. (WKSP) reported a net loss of $16.6M for fiscal year 2024.
Dividend & Returns
Worksport Ltd. (WKSP) has a return on equity (ROE) of -90.8%. Negative ROE indicates the company is unprofitable.
Worksport Ltd. (WKSP) had negative free cash flow of $11.4M in fiscal year 2024, likely due to heavy capital investments.
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