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 Metrics

Spartan Motors Financial Metrics

Revenue (2016)

$590.8 m

Revenue growth (2015-16), %


Gross profit

$72.7 m

Gross profit margin (2016), %


Net income (2016)

$8.6 m

Market capitalization (21-Mar-2017)

$246.7 m

Closing share price (21-Mar-2017)


Cash (31-Dec-2016)

$32 m
Spartan Motors's current market capitalization is $246.7 m.
Spartan Motors's revenue was reported to be $590.8 m in FY, 2016 which is a 7.3% increase from the previous period.
FY, 2013FY, 2014FY, 2015FY, 2016


$469.5 m$506.8 m$550.4 m$590.8 m

Revenue growth, %


Cost of goods sold

$442.9 m$502.8 b$518.1 m

Gross profit

$53.1 m$63.9 m($502.2 b)$72.7 m

Gross profit Margin, %


Operating expense total

$61.3 m$64.2 m$59.6 m$63.9 m


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

EBIT margin, %


Interest expense

$341 k$365 m$410 k

Income tax expense

$100 k

Net Income

($6 m)$1 m($17.5 m)$8.6 m
FY, 2013FY, 2014FY, 2015FY, 2016


$30.7 m$28.6 m$32.7 m$32 m

Accounts Receivable


$81.4 m$71.2 m$60.6 m$58.9 m

Current Assets

$170.7 m$161.3 m$158.3 m$162.2 m


$54.3 m$50.4 m$47.3 m$53.1 m


$16 m$16 m$16 m$16 m

Total Assets

$253.3 m$238.8 m$230.7 m$243.3 m

Accounts Payable

$30.5 m$22.8 m$27.3 m$31.3 m

Current Liabilities

$70.2 m$60.6 m$72.4 m$87.7 m

Additional Paid-in Capital

$75.1 m$75.7 m$76.5 m$76.8 m

Retained Earnings

$96.1 m$92.7 m$72.3 m$76.4 m

Total Equity

$171.6 m$168.6 m$148.5 m$153 m

Financial Leverage

1.5 x1.4 x1.6 x1.6 x
FY, 2013FY, 2014FY, 2015FY, 2016

Net Income

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

Depreciation and Amortization

$9.2 m$8.4 m$7.4 m$7.9 m

Accounts Receivable

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


($14 m)$10.3 m$10.6 m$1.7 m

Accounts Payable

$7.5 m($7.8 m)$4.6 m$4 m

Cash From Operating Activities

$13 m$6.5 m$12.9 m$23.5 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)

Spartan Motors Market Value History

Spartan Motors Online Presence

Spartan Motors Company Life

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