Spartan Motors market cap is $597.7 m, and annual revenue was $816.16 m in FY 2018

Spartan Motors Gross profit (Q3, 2019)42.2 M

Spartan Motors Gross profit margin (Q3, 2019), %14.6%

Spartan Motors Net income (Q3, 2019)10.4 M

Spartan Motors EBIT (Q3, 2019)13.5 M

Spartan Motors Cash, 30-Sept-201915 M

Spartan Motors EV745.9 M

Spartan Motors revenue was $816.16 m in FY, 2018 which is a 15.4% year over year increase from the previous period.

Spartan Motors revenue breakdown by business segment: 23.4% from Specialty Chassis and Vehicles, 46.9% from Fleet Vehicles and Services and 29.7% from Emergency Response Vehicles

Spartan Motors revenue breakdown by geographic segment: 93.0% from United States and 7.0% from Other

USD | FY, 2016 | FY, 2017 | FY, 2018 |
---|---|---|---|

## Revenue | 590.8m | 707.1m | 816.2m |

| 7% | 20% | 15% |

## Cost of goods sold | 518.2m | 617.9m | 717.9m |

## Gross profit | 72.5m | 89.2m | 98.3m |

| 12% | 13% | 12% |

## R&D expense | 6.8m | 6.5m | 7.3m |

## General and administrative expense | 56.2m | 65.5m | 73.4m |

## Operating expense total | 62.9m | 73.1m | 82.1m |

## EBIT | 8.6m | 16.2m | 16.1m |

| 1% | 2% | 2% |

## Interest expense | 410.0k | 864.0k | 1.1m |

## Interest income | 488.0k | 717.0k | 2.2m |

## Pre tax profit | 8.7m | 16.0m | 17.3m |

## Income tax expense | 100.0k | 90.0k | 2.3m |

## Net Income | 8.6m | 15.9m | 15.0m |

- Source: SEC Filings

- Source: SEC Filings

USD | FY, 2016 | FY, 2017 | FY, 2018 |
---|---|---|---|

## Cash | 32.0m | 33.5m | 27.4m |

## Accounts Receivable | 65.4m | 83.1m | 106.8m |

## Inventories | 58.9m | 77.7m | 70.0m |

## Current Assets | 162.2m | 198.8m | 245.3m |

## PP&E | 53.1m | 55.2m | 56.6m |

## Goodwill | 16.0m | 27.4m | 33.8m |

## Total Assets | 243.3m | 301.2m | 353.8m |

## Accounts Payable | 31.3m | 40.6m | 76.4m |

## Short-term debt | 65.0k | 64.0k | 60.0k |

## Current Liabilities | 87.7m | 109.7m | 138.1m |

## Long-term debt | 74.0k | 17.9m | 25.5m |

## Total Debt | 139.0k | 18.0m | 25.6m |

## Total Liabilities | 90.3m | 132.9m | 167.7m |

## Common Stock | 344.0k | 351.0k | 353.0k |

## Additional Paid-in Capital | 76.8m | 79.7m | 82.8m |

## Retained Earnings | 76.4m | 88.9m | 103.6m |

## Total Equity | 153.0m | 168.3m | 186.1m |

## Debt to Equity Ratio | 0 x | 0.1 x | 0.1 x |

## Debt to Assets Ratio | 0 x | 0.1 x | 0.1 x |

## Financial Leverage | 1.6 x | 1.8 x | 1.9 x |

- Source: SEC Filings

- Source: SEC Filings

USD | FY, 2016 | FY, 2017 | FY, 2018 |
---|---|---|---|

## Net Income | 8.6m | 15.9m | 15.0m |

## Depreciation and Amortization | 7.9m | 9.9m | 10.4m |

## Accounts Receivable | (8.8m) | (18.6m) | (22.5m) |

## Inventories | 1.7m | 42.9m | (24.3m) |

## Accounts Payable | 4.0m | 5.4m | 35.3m |

## Cash From Operating Activities | 23.5m | 22.0m | 8.0m |

## Purchases of PP&E | (13.4m) | (5.3m) | (9.0m) |

## Cash From Investing Activities | (13.4m) | (34.2m) | (14.6b) |

## Long-term Borrowings | (5.1m) | (15.1m) | (66.0k) |

## Dividends Paid | (3.4m) | (3.5m) | (3.5m) |

## Cash From Financing Activities | (10.7m) | 13.7m | 75.0k |

## Net Change in Cash | (660.0k) | 1.5m | (6.1m) |

- Source: SEC Filings

- Source: SEC Filings

USD | Y, 2019 |
---|---|

## EV/EBIT | 55.2 x |

## EV/CFO | 119.7 x |

## Debt/Equity | 0.8 x |

## Debt/Assets | 0.3 x |

## Financial Leverage | 2.6 x |

Spartan Motors's Backlog was reported to be $458.8m in Q3, 2019.