Spartan Motors

Spartan Motors, Inc. designs, engineers and manufactures specialty chassis, specialty vehicles, truck bodies and aftermarket parts for the recreational vehicle (RV), emergency response (ER), government services, defense, and delivery and service markets. The Company employs a customer-centric methodology that fosters innovation, speed and agility. As a result, Spartan Motors products and vehicles set the bar for excellence in every market it serves. Spartan Motors is the parent company of three subsidiaries known for performance and being the first to market with innovative products: Spartan Specialty Chassis & Vehicles™ Spartan ER™ Utilimaster™
Company Growth (employees)
Charlotte, US
Size (employees)
2,340 (est)+24%
Spartan Motors was founded in 1975 and is headquartered in Charlotte, US

Spartan Motors Office Locations

Spartan Motors has an office in Charlotte
Charlotte, US (HQ)
1541 Reynolds Rd

Spartan Motors Data and Metrics

Spartan Motors Financial Metrics

Spartan Motors's revenue was reported to be $590.8 m in FY, 2016 which is a 7% increase from the previous period.
Numbers are in $, USD

Revenue (FY, 2016)

590.8 m

Revenue growth (FY, 2015 - FY, 2016), %


Gross profit (FY, 2016)

72.7 m

Gross profit margin (FY, 2016), %


Net income (FY, 2016)

8.6 m

EBIT (FY, 2016)

8.6 m

Market capitalization (26-May-2017)

300.3 m

Closing share price (26-May-2017)


Cash (31-Dec-2016)

32 m
Spartan Motors's current market capitalization is $300.3 m.
Numbers are in $, USDFY, 2013FY, 2014FY, 2015FY, 2016


469.5 m506.8 m550.4 m590.8 m

Revenue growth, %


Cost of goods sold

442.9 m502.8 b518.1 m

Gross profit

53.1 m63.9 m(502.2 b)72.7 m

Gross profit Margin, %


Operating expense total

61.3 m64.2 m59.6 m63.9 m


(8.2 m)(1.2 m)(12.5 m)8.6 m

EBIT margin, %


Interest expense

341 k365 m410 k

Income tax expense

100 k

Net Income

(6 m)1 m(17.5 m)8.6 m
Numbers are in $, USDFY, 2013FY, 2014FY, 2015FY, 2016


30.7 m28.6 m32.7 m32 m

Accounts Receivable


81.4 m71.2 m60.6 m58.9 m

Current Assets

170.7 m161.3 m158.3 m162.2 m


54.3 m50.4 m47.3 m53.1 m


16 m16 m16 m16 m

Total Assets

253.3 m238.8 m230.7 m243.3 m

Accounts Payable

30.5 m22.8 m27.3 m31.3 m

Current Liabilities

70.2 m60.6 m72.4 m87.7 m

Additional Paid-in Capital

75.1 m75.7 m76.5 m76.8 m

Retained Earnings

96.1 m92.7 m72.3 m76.4 m

Total Equity

171.6 m168.6 m148.5 m153 m

Financial Leverage

1.5 x1.4 x1.6 x1.6 x
Numbers are in $, USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

(6 m)1 m(17.5 m)8.6 m

Depreciation and Amortization

9.2 m8.4 m7.4 m7.9 m

Accounts Receivable

(421 k)(802 k)(8.3 m)(8.8 m)


(14 m)10.3 m10.6 m1.7 m

Accounts Payable

7.5 m(7.8 m)4.6 m4 m

Cash From Operating Activities

13 m6.5 m12.9 m23.5 m

Purchases of PP&E

(3.5 m)(3.5 m)(4.9 m)(13.4 m)

Cash From Investing Activities

(846 k)(2.8 m)(4.7 m)(13.4 m)

Long-term Borrowings

(86 k)(80 k)(75 k)(5.1 m)

Cash From Financing Activities

(3.2 m)(5.8 m)(4.1 m)(10.7 m)
Y, 2016

Financial Leverage

1.6 x

Spartan Motors Market Value History

Spartan Motors Online and Social Media Presence

Spartan Motors Company Life and Culture

You may also be interested in