Raven Industries market cap is $2.1 b, and annual revenue was $348.36 m in FY 2021

Raven Industries Gross profit (Q2, 2022)42.2 M

Raven Industries Gross profit margin (Q2, 2022), %36.9%

Raven Industries Net income (Q2, 2022)6.9 M

Raven Industries EBIT (Q2, 2022)8.3 M

Raven Industries Cash, 31-Jul-202113.1 M

Raven Industries EV2.1 B

Raven Industries revenue was $348.36 m in FY, 2021

Raven Industries revenue breakdown by business segment: 33.0% from Applied Technology, 56.4% from Engineered Films and 10.6% from Aerostar

Raven Industries revenue breakdown by geographic segment: 89.0% from United States and 11.0% from Other

USD | FY, 2014 | FY, 2015 | FY, 2016 | FY, 2017 | FY, 2018 | FY, 2019 | FY, 2020 | FY, 2021 |
---|---|---|---|---|---|---|---|---|

## Revenue | 394.7m | 378.2m | 258.2m | 277.4m | 377.3m | 406.7m | 382.5m | 348.4m |

| (4%) | (32%) | 7% | 36% | ||||

## Cost of goods sold | 275.3m | 274.9m | 191.3m | 199.2m | 255.8m | 274.1m | 258.8m | 230.6m |

## Gross profit | 119.4m | 103.2m | 67.0m | 78.2m | 121.6m | 132.5m | 123.7m | 117.8m |

| 30% | 27% | 26% | 28% | 32% | 33% | 32% | 34% |

## R&D expense | 16.6m | 17.4m | 14.7m | 16.3m | 16.9m | 26.2m | 31.6m | 43.1m |

## General and administrative expense | 38.8m | 42.0m | 32.6m | 33.4m | 45.2m | 51.2m | 52.3m | 55.1m |

## Operating expense total | 55.4m | 59.4m | 62.6m | 49.8m | 62.4m | 77.4m | 83.8m | 98.2m |

## EBIT | 64.0m | 43.8m | 4.4m | 28.4m | 59.2m | 55.1m | 39.9m | 19.7m |

| 16% | 12% | 2% | 10% | 16% | 14% | 10% | 6% |

## Investment income | ||||||||

## Pre tax profit | 63.6m | 43.5m | 4.1m | 27.9m | 59.0m | 61.6m | 40.0m | 19.2m |

## Income tax expense | 20.7m | 11.7m | (767.0k) | 7.7m | 18.0m | 9.7m | 5.4m | 397.0k |

## Net Income | 42.9m | 31.8m | 4.8m | 20.2m | 41.0m | 51.8m | 34.6m | 18.8m |

- Source: SEC Filings

USD | Q2, 2015 | Q3, 2015 | Q1, 2016 | Q2, 2016 | Q3, 2016 | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 | Q1, 2021 | Q2, 2021 | Q2, 2022 |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|

## Revenue | 67.5m | 67.6m | 68.4m | 67.6m | 72.5m | 93.5m | 86.6m | 101.3m | 111.1m | 102.7m | 104.8m | 98.2m | 98.1m | 100.5m | 86.5m | 85.2m | 114.4m | |||

## Cost of goods sold | 49.7m | 51.4m | 48.7m | 48.7m | 52.7m | 61.6m | 60.1m | 68.0m | 71.1m | 68.1m | 72.2m | 63.1m | 66.7m | 70.2m | 58.0m | 55.0m | 72.3m | |||

## Gross profit | 17.9m | 16.2m | 19.7m | 18.9m | 19.8m | 32.0m | 26.5m | 33.3m | 40.0m | 34.6m | 32.7m | 35.1m | 31.3m | 30.3m | 28.5m | 30.1m | 42.2m | |||

| 26% | 24% | 29% | 28% | 27% | 34% | 31% | 33% | 36% | 34% | 31% | 36% | 32% | 30% | 33% | 35% | 37% | |||

## R&D expense | 3.2m | 4.0m | 4.4m | 3.9m | 4.2m | 4.0m | 4.3m | 4.1m | 5.3m | 6.2m | 6.5m | 7.3m | 7.1m | 7.7m | 10.5m | 10.8m | 12.5m | |||

## General and administrative expense | 8.2m | 7.5m | 7.7m | 8.3m | 8.2m | 9.5m | 10.6m | 11.4m | 13.2m | 11.8m | 12.6m | 12.7m | 13.7m | 11.3m | 14.0m | 13.2m | 21.4m | |||

## Operating expense total | 11.4m | 11.5m | 12.1m | 12.2m | 12.4m | 13.5m | 14.8m | 15.5m | 18.5m | 18.0m | 19.0m | 19.9m | 20.8m | 19.0m | 24.5m | 24.0m | 33.8m | |||

## EBIT | 6.4m | (2.7m) | 7.6m | 6.7m | 7.4m | 18.2m | 11.7m | 17.8m | 21.5m | 16.6m | 13.6m | 15.1m | 10.6m | 11.3m | 3.9m | 6.1m | 8.3m | |||

| 10% | (4%) | 11% | 10% | 10% | 19% | 14% | 18% | 19% | 16% | 13% | 15% | 11% | 11% | 5% | 7% | 7% | |||

## Pre tax profit | 6.2m | (2.8m) | 7.5m | 6.5m | 7.1m | 18.0m | 11.6m | 17.8m | 27.2m | 16.5m | 14.3m | 15.1m | 11.0m | 11.4m | 3.5m | 6.5m | 8.1m | |||

## Income tax expense | 1.9m | (1.3m) | 2.0m | 2.0m | 1.4m | 5.6m | 3.4m | 5.8m | 5.1m | 2.8m | 1.2m | 1.8m | 2.2m | 1.5m | (478.0k) | 701.0k | 1.2m | |||

## Net Income | 18.8m | 25.6m | 4.9m | 4.2m | (1.6m) | 5.5m | 4.5m | 5.7m | 12.3m | 8.2m | 12.0m | 22.1m | 13.7m | 13.0m | 13.2m | 8.8m | 9.9m | 3.9m | 5.8m | 6.9m |

- Source: SEC Filings

USD | FY, 2012 | FY, 2013 | FY, 2014 | FY, 2015 | FY, 2016 | FY, 2017 | FY, 2018 | FY, 2019 | FY, 2020 | FY, 2021 |
---|---|---|---|---|---|---|---|---|---|---|

## Cash | 25.8m | 49.4m | 53.0m | 51.9m | 33.8m | 50.6m | 40.5m | 65.8m | 20.7m | 32.9m |

## Accounts Receivable | 60.8m | 56.3m | 54.6m | 56.6m | 38.1m | 43.1m | 58.5m | 54.5m | 62.6m | 48.7m |

## Prepaid Expenses | 1.0m | 936.0k | 8.7m | |||||||

## Inventories | 54.8m | 46.2m | 54.9m | 55.2m | 45.9m | 42.3m | 55.4m | 54.1m | 53.9m | 52.7m |

## Current Assets | 147.6m | 156.7m | 169.4m | 171.0m | 125.7m | 138.8m | 160.3m | 183.1m | 142.6m | 140.1m |

## PP&E | 61.9m | 81.2m | 98.1m | 117.5m | 116.2m | 106.3m | 106.3m | 106.6m | 100.9m | 106.0m |

## Goodwill | 22.3m | 22.3m | 22.3m | 52.1m | 44.8m | 40.6m | 46.7m | 50.9m | 106.5m | 107.7m |

## Total Assets | 245.7m | 273.2m | 301.8m | 362.9m | 306.6m | 301.5m | 326.8m | 360.2m | 403.3m | 409.4m |

## Accounts Payable | 16.2m | 14.4m | 12.3m | 11.5m | 6.0m | 8.5m | 13.1m | 8.3m | 14.9m | 18.6m |

## Short-term debt | 3.8m | 4.8m | 225.0k | 2.0m | ||||||

## Current Liabilities | 40.6m | 33.1m | 29.8m | 31.8m | 18.8m | 28.4m | 36.9m | 33.1m | 37.9m | 52.0m |

## Long-term debt | 10.5m | 10.5m | 225.0k | 2.0m | ||||||

## Non-Current Liabilities | 3.9m | |||||||||

## Total Debt | 14.3m | 15.3m | 450.0k | 4.0m | ||||||

## Total Liabilities | 67.3m | 78.0m | ||||||||

## Common Stock | 32.6m | 65.2m | 67.1m | 67.1m | 67.3m | 67.4m | 67.5m | |||

## Additional Paid-in Capital | 9.6m | 5.9m | 10.6m | 53.2m | 54.8m | 55.8m | 59.1m | 59.7m | 61.5m | 66.7m |

## Retained Earnings | 193.7m | 205.7m | 231.0m | 244.2m | 233.2m | 230.6m | 252.8m | 286.0m | 302.3m | 311.7m |

## Total Equity | 180.6m | 221.4m | 268.9m | 259.4m | 276.1m | 309.0m | 314.6m | 331.4m | ||

## Financial Leverage | 1.4 x | 1.2 x | 1.1 x | 1.2 x | 1.2 x | 1.2 x | 1.3 x | 1.2 x |

- Source: SEC Filings

- Source: SEC Filings

USD | FY, 2012 | FY, 2013 | FY, 2014 | FY, 2015 | FY, 2016 | FY, 2017 | FY, 2018 | FY, 2019 | FY, 2020 | FY, 2021 |
---|---|---|---|---|---|---|---|---|---|---|

## Net Income | 50.6m | 52.5m | 42.9m | 31.8m | 4.8m | 20.2m | 41.0m | 51.9m | 34.6m | 18.8m |

## Depreciation and Amortization | 9.3m | 13.1m | 14.2m | 17.4m | 17.1m | 15.4m | 14.8m | 15.1m | 16.2m | 17.4m |

## Accounts Receivable | (15.6m) | 4.4m | 3.9m | (9.1m) | 12.0m | |||||

## Inventories | (11.5m) | 8.6m | 1.1m | 891.0k | (1.2m) | |||||

## Accounts Payable | (233.0k) | (2.9m) | ||||||||

## Cash From Operating Activities | 43.8m | 76.5m | 52.8m | 60.1m | 44.0m | 48.6m | 45.0m | 66.0m | 54.9m | 55.5m |

## Purchases of PP&E | (29.0m) | (29.7m) | (14.1m) | (8.6m) | (16.1m) | |||||

## Capital Expenditures | (30.7m) | (17.0m) | (13.0m) | (4.8m) | (12.0m) | 832.0k | ||||

## Cash From Investing Activities | (40.3m) | (29.9m) | (31.6m) | (30.0m) | (11.1m) | (4.6m) | (25.7m) | (16.4m) | (58.6m) | (15.9m) |

## Short-term Borrowings | (2.9m) | |||||||||

## Long-term Borrowings | (50.4m) | |||||||||

## Dividends Paid | (13.0m) | (15.2m) | (17.5m) | (18.5m) | (19.4m) | (18.8m) | (18.7m) | (18.8m) | (18.6m) | (9.3m) |

## Cash From Financing Activities | (15.2m) | (23.0m) | (17.4m) | (30.7m) | (50.7m) | (27.2m) | (29.7m) | (23.8m) | (40.9m) | (27.1m) |

## Net Change in Cash | (11.7m) | 23.5m | (18.2m) | 16.9m | (10.1m) | 25.3m | (45.1m) | 12.2m | ||

## Income Taxes Paid | 16.8m | 26.7m | ||||||||

## Free Cash Flow | 22.1m | 43.0m | 31.0m | 43.8m | 33.0m | 65.1m |

- Source: SEC Filings

USD | Q1, 2012 | Q2, 2012 | Q3, 2012 | Q1, 2013 | Q2, 2013 | Q3, 2013 | Q1, 2014 | Q2, 2014 | Q3, 2014 | Q1, 2015 | Q2, 2015 | Q3, 2015 | Q1, 2016 | Q2, 2016 | Q3, 2016 | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 | Q1, 2021 | Q2, 2021 | Q2, 2022 |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|

## Net Income | 15.7m | 28.2m | 39.6m | 19.0m | 30.6m | 41.4m | 14.0m | 22.3m | 34.6m | 11.0m | 18.8m | 25.6m | 4.9m | 9.1m | 7.5m | 5.5m | 10.0m | 15.8m | 12.3m | 20.6m | 32.6m | 22.1m | 35.9m | 48.9m | 13.2m | 22.0m | 31.9m | 3.9m | 16.5m | |

## Depreciation and Amortization | 2.0m | 4.2m | 6.5m | 2.9m | 6.0m | 9.6m | 3.2m | 6.7m | 10.3m | 4.1m | 8.4m | 12.5m | 4.4m | 8.8m | 13.2m | 4.2m | 7.6m | 11.5m | 3.6m | 7.2m | 11.0m | 3.7m | 7.4m | 11.3m | 4.1m | 8.1m | 12.1m | 4.2m | 9.1m | |

## Accounts Receivable | (10.5m) | (3.2m) | 10.6m | 2.1m | 10.8m | 5.2m | (3.0m) | 7.0m | (7.8m) | (579.0k) | 4.4m | 2.1m | 10.8m | 15.8m | 16.1m | (2.6m) | (505.0k) | (1.6m) | (8.6m) | (3.3m) | (8.2m) | (8.9m) | (3.0m) | (11.5m) | (13.5m) | (6.8m) | (8.4m) | 937.0k | (22.1m) | |

## Inventories | (1.8m) | (6.5m) | 6.2m | 97.0k | 4.4m | 4.7m | (2.9m) | (8.2m) | (5.3m) | (188.0k) | 4.0m | 2.8m | (4.5m) | (559.0k) | 4.8m | (980.0k) | 391.0k | 3.0m | (7.5m) | (8.5m) | (9.2m) | 134.0k | (792.0k) | 1.9m | (4.1m) | (7.3m) | 1.9m | (4.0m) | (23.0m) | |

## Cash From Operating Activities | 11.0m | 26.3m | 37.7m | 28.2m | 44.5m | 58.0m | 14.9m | 29.7m | 37.2m | 18.2m | 31.0m | 45.7m | 9.0m | 23.7m | 35.2m | 11.1m | 25.6m | 38.7m | 7.7m | 19.9m | 30.8m | 13.6m | 38.7m | 52.3m | 8.8m | 26.2m | 47.1m | 11.9m | (5.1m) | |

## Purchases of PP&E | (3.6m) | (11.0m) | (22.1m) | (4.9m) | (16.9m) | (22.8m) | (8.1m) | (13.7m) | (7.0m) | (10.4m) | (1.6m) | (3.8m) | (6.1m) | (4.4m) | (10.0m) | |||||||||||||||

## Capital Expenditures | (23.9m) | (2.9m) | (7.3m) | (12.8m) | (5.0m) | (7.3m) | (10.8m) | (791.0k) | (2.2m) | (3.9m) | (2.8m) | (5.2m) | (4.2m) | (6.9m) | ||||||||||||||||

## Cash From Investing Activities | (3.4m) | (10.5m) | (21.7m) | (6.8m) | (16.8m) | (23.0m) | (8.4m) | (14.3m) | (24.5m) | (3.0m) | (12.4m) | (18.1m) | (4.4m) | (5.8m) | (9.0m) | (1.4m) | (1.6m) | (3.8m) | (2.8m) | (5.6m) | (20.1m) | 3.2m | (1.5m) | (4.8m) | (2.4m) | (3.7m) | (5.8m) | (4.3m) | (14.2m) | |

## Short-term Borrowings | (10.0m) | |||||||||||||||||||||||||||||

## Long-term Borrowings | (95.0k) | (199.0k) | ||||||||||||||||||||||||||||

## Dividends Paid | (3.3m) | (6.5m) | (9.8m) | (3.8m) | (7.6m) | (11.4m) | (4.4m) | (8.7m) | (13.1m) | (4.4m) | 8.8m | 13.6m | (4.9m) | (9.8m) | (14.6m) | (4.7m) | (9.4m) | (14.1m) | (4.7m) | (9.4m) | (14.0m) | (4.7m) | (9.3m) | (14.0m) | (4.7m) | (9.4m) | (14.0m) | (4.7m) | (4.7m) | |

## Cash From Financing Activities | (3.2m) | (6.4m) | (9.4m) | (3.7m) | (9.3m) | (12.8m) | (4.7m) | (9.0m) | (13.3m) | (4.8m) | (9.4m) | (14.0m) | (9.0m) | (22.5m) | (45.9m) | (10.8m) | (17.7m) | (22.4m) | (5.0m) | (10.0m) | (24.7m) | (5.8m) | (11.9m) | (18.8m) | (10.7m) | (19.1m) | (29.9m) | 44.6m | (485.0k) | |

## Net Change in Cash | 4.6m | 9.4m | 6.7m | 17.7m | 18.3m | 22.2m | 1.8m | 6.4m | (13.8m) | 28.2m | (4.4m) | 3.3m | 11.3m | 51.9m | (19.9m) | |||||||||||||||

## Free Cash Flow | 13.3m | 15.3m | 23.7m | 32.9m | 4.0m | 16.4m | 24.4m | 10.3m | 23.4m | 34.8m | 4.9m | 14.6m | 9.4m | 31.8m |

- Source: SEC Filings

USD | Q1, 2012 |
---|---|

## Financial Leverage | 1.3 x |