What is AMREP's earnings per share (EPS)?

AMREP (AXR) reported diluted earnings per share of $2.37 for fiscal year 2025. This represents a 89.6% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

AMREP Financials

AXR

Source SEC Filings (10-K/10-Q) Updated Mar 12, 2026 Currency USD FYE April

This page shows AMREP (AXR) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 16 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Financial Profile 62/100

Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability

AMREP has an operating margin of 24.4%, meaning the company retains $24 of operating profit per $100 of revenue. This strong profitability earns a score of 76/100, reflecting efficient cost management and pricing power. This is up from 14.8% the prior year.

Growth

AMREP's revenue declined 3.3% year-over-year, from $51.4M to $49.7M. This contraction results in a growth score of 28/100.

Leverage

100

AMREP carries a low D/E ratio of 0.00, meaning only $0.00 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.

Cash Flow

AMREP converts 19.4% of revenue into free cash flow ($9.7M). This strong cash generation earns a score of 74/100.

Returns

AMREP's ROE of 9.4% shows moderate profitability relative to equity, earning a score of 32/100. This is up from 5.5% the prior year.

Piotroski F-Score Neutral

4/9

AMREP passes 4 of 9 financial strength tests. 3 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, neither operating efficiency signal passes.

Earnings Quality Mixed

0.81x

For every $1 of reported earnings, AMREP generates $0.81 in operating cash flow ($10.2M OCF vs $12.7M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.

Interest Coverage Safe

7.5x

AMREP earns $7.5 in operating income for every $1 of interest expense ($12.1M vs $1.6M). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.

Key Financial Metrics

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Earnings & Revenue

Revenue

$49.7M

YoY-3.3%

5Y CAGR+21.5%

10Y CAGR-0.0%

AMREP generated $49.7M in revenue in fiscal year 2025. This represents a decrease of 3.3% from the prior year.

EBITDA

$12.3M

YoY+58.5%

AMREP's EBITDA was $12.3M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 58.5% from the prior year.

Net Income

$12.7M

YoY+90.1%

10Y CAGR+1.2%

AMREP reported $12.7M in net income in fiscal year 2025. This represents an increase of 90.1% from the prior year.

EPS (Diluted)

$2.37

YoY+89.6%

AMREP earned $2.37 per diluted share (EPS) in fiscal year 2025. This represents an increase of 89.6% from the prior year.

Cash & Balance Sheet

Free Cash Flow

$9.7M

YoY-5.8%

5Y CAGR+66.4%

10Y CAGR+0.9%

AMREP generated $9.7M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 5.8% from the prior year.

Cash & Debt

$48.9M

YoY+21.3%

5Y CAGR+23.5%

10Y CAGR+17.6%

AMREP held $48.9M in cash against $25K in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

YoY+0.3%

5Y CAGR-8.2%

10Y CAGR-4.1%

AMREP had 5M shares outstanding in fiscal year 2025. This represents an increase of 0.3% from the prior year.

Margins & Returns

Gross Margin

N/A

Operating Margin

24.4%

YoY+9.6pp

5Y CAGR+66.7pp

AMREP's operating margin was 24.4% in fiscal year 2025, reflecting core business profitability. This is up 9.6 percentage points from the prior year.

Net Margin

25.6%

YoY+12.6pp

5Y CAGR+57.0pp

10Y CAGR+2.9pp

AMREP's net profit margin was 25.6% in fiscal year 2025, showing the share of revenue converted to profit. This is up 12.6 percentage points from the prior year.

Return on Equity

9.4%

YoY+4.0pp

5Y CAGR+16.4pp

10Y CAGR-2.8pp

AMREP's ROE was 9.4% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 4.0 percentage points from the prior year.

Capital Allocation

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

$583K

YoY+27.6%

5Y CAGR+130.3%

10Y CAGR-6.4%

AMREP invested $583K in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 27.6% from the prior year.

AXR Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$49.7M-3.3%	$51.4M+5.5%	$48.7M-17.4%	$58.9M+47.1%	$40.1M+113.3%	$18.8M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	$13.3M
Gross Profit	N/A	N/A	N/A	N/A	N/A	$5.5M
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$7.3M+5.9%	$6.9M+25.6%	$5.5M+2.2%	$5.4M-1.2%	$5.4M-58.2%	$13.0M
Operating Income	$12.1M+59.3%	$7.6M+30.4%	$5.8M-72.6%	$21.3M+135.5%	$9.0M+213.7%	-$8.0M
Interest Expense	$1.6M+97.1%	$823K+10187.5%	$8K+300.0%	$2K+105.0%	-$40K-112.0%	$334K
Income Tax	$1.0M-41.8%	$1.7M+112.3%	-$14.1M-348.1%	$5.7M+115.8%	$2.6M+253.5%	-$1.7M
Net Income	$12.7M+90.1%	$6.7M-69.3%	$21.8M+37.4%	$15.9M+114.6%	$7.4M+225.2%	-$5.9M
EPS (Diluted)	$2.37+89.6%	$1.25-69.6%	$4.11+86.0%	$2.21+132.6%	$0.95+230.1%	$-0.73

Metric	Q4'26	Q3'26	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25
Revenue	$8.3M-43.3%	$14.6M+55.1%	$9.4M-47.4%	$17.9M+59.7%	$11.2M+48.6%	$7.5M-36.8%	$11.9M-37.6%	$19.1M
Cost of Revenue	$4.1M	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	$4.1M	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$2.9M0.0%	$2.9M+49.8%	$2.0M+5.9%	$1.8M-5.1%	$1.9M+3.8%	$1.9M+2.7%	$1.8M+11.9%	$1.6M
Operating Income	$3.0M0.0%	$3.0M+168.7%	$1.1M-81.8%	$6.1M+73.7%	$3.5M+719.2%	$432K-86.3%	$3.1M-37.0%	$5.0M
Interest Expense	$393K0.0%	$393K-14.4%	$459K+0.7%	$456K+28.5%	$355K-13.4%	$410K-28.8%	$576K+105.0%	$281K
Income Tax	$253K0.0%	$253K-33.1%	$378K-80.2%	$1.9M+63766.7%	-$3K-102.4%	$125K+138.8%	-$322K-126.6%	$1.2M
Net Income	$3.1M0.0%	$3.1M+162.3%	$1.2M-74.4%	$4.7M+20.5%	$3.9M+443.0%	$717K-82.3%	$4.0M-0.5%	$4.1M
EPS (Diluted)	$0.580.0%	$0.58+163.6%	$0.22-74.7%	$0.87	N/A	$0.13-82.7%	$0.75-1.3%	$0.76

AXR Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$140.7M+10.8%	$127.0M+8.6%	$116.9M+20.8%	$96.8M-4.3%	$101.1M+1.1%	$100.0M
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$48.9M+21.3%	$40.4M+85.3%	$21.8M+36.8%	$15.9M-31.6%	$23.3M+36.4%	$17.1M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$5.9M+22.7%	$4.8M+6.3%	$4.5M-60.4%	$11.5M+10.8%	$10.4M-29.2%	$14.6M
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	$25K-26.5%	$34K-17.1%	$41K-98.0%	$2.1M-67.6%	$6.4M+16.4%	$5.5M
Total Equity	$134.7M+10.3%	$122.2M+8.7%	$112.4M+31.7%	$85.3M-6.0%	$90.7M+6.3%	$85.4M
Retained Earnings	$100.7M+15.3%	$87.4M+12.1%	$78.0M+37.4%	$56.7M+15.0%	$49.3M+12.8%	$43.7M

Metric	Q4'26	Q3'26	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25
Total Assets	$143.9M0.0%	$143.9M+2.7%	$140.1M-0.4%	$140.7M+5.1%	$133.8M+3.8%	$128.9M-0.1%	$129.1M+1.6%	$127.0M
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$50.0M0.0%	$50.0M+12.1%	$44.6M-8.8%	$48.9M+24.0%	$39.5M+6.8%	$36.9M-7.8%	$40.1M-0.7%	$40.4M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	$0	N/A	N/A	N/A	$0	N/A	N/A
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$4.6M0.0%	$4.6M+11.2%	$4.1M-30.8%	$5.9M+55.5%	$3.8M+28.8%	$3.0M-26.0%	$4.0M-17.1%	$4.8M
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	$21K0.0%	$21K-8.7%	$23K-8.0%	$25K-3.8%	$26K-10.3%	$29K-9.4%	$32K-5.9%	$34K
Total Equity	$139.4M0.0%	$139.4M+2.5%	$136.0M+1.0%	$134.7M+3.7%	$130.0M+3.2%	$126.0M+0.7%	$125.1M+2.4%	$122.2M
Retained Earnings	$105.1M0.0%	$105.1M+3.1%	$101.9M+1.2%	$100.7M+4.9%	$96.0M+4.2%	$92.1M+0.8%	$91.4M+4.6%	$87.4M

AXR Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	$10.2M-4.4%	$10.7M+67.7%	$6.4M-58.7%	$15.5M+22.7%	$12.6M+1548.2%	$765K
Capital Expenditures	$583K+27.6%	$457K+248.9%	$131K-89.8%	$1.3M+25640.0%	$5K-44.4%	$9K
Free Cash Flow	$9.7M-5.8%	$10.3M+63.9%	$6.3M-55.9%	$14.2M+12.6%	$12.6M+1567.2%	$756K
Investing Cash Flow	-$553K-21.0%	-$457K-248.9%	-$131K+89.0%	-$1.2M-23800.0%	-$5K+44.4%	-$9K
Financing Cash Flow	-$9K0.0%	-$9K+99.5%	-$2.0M+91.5%	-$23.4M-340.4%	-$5.3M-311.4%	$2.5M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	$0-100.0%	$21.9M+328.1%	$5.1M	$0

Metric	Q4'26	Q3'26	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25
Operating Cash Flow	$5.4M0.0%	$5.4M+227.1%	-$4.3M-144.6%	$9.5M+220.8%	$3.0M+191.7%	-$3.2M-1678.0%	-$182K-101.7%	$10.7M
Capital Expenditures	$19K0.0%	$19K-68.3%	$60K+200.0%	$20K-95.4%	$437K+1580.8%	$26K-69.8%	$86K+152.9%	$34K
Free Cash Flow	$5.4M0.0%	$5.4M+224.9%	-$4.3M-145.4%	$9.5M+275.4%	$2.5M+177.6%	-$3.3M-1117.2%	-$268K-102.5%	$10.7M
Investing Cash Flow	-$19K0.0%	-$19K+68.3%	-$60K-200.0%	-$20K+95.4%	-$437K-11025.0%	$4K+104.7%	-$86K-152.9%	-$34K
Financing Cash Flow	-$2K0.0%	-$2K-100.0%	-$1K+50.0%	-$2K0.0%	-$2K+50.0%	-$4K-100.0%	-$2K-100.0%	-$1K
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

AXR Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	N/A	N/A	N/A	N/A	N/A	29.1%
Operating Margin	24.4%+9.6pp	14.8%+2.8pp	12.0%-24.2pp	36.1%+13.6pp	22.6%+65.0pp	-42.4%
Net Margin	25.6%+12.6pp	13.0%-31.8pp	44.8%+17.8pp	26.9%+8.5pp	18.4%+49.9pp	-31.4%
Return on Equity	9.4%+4.0pp	5.5%-13.9pp	19.4%+0.8pp	18.6%+10.4pp	8.2%+15.1pp	-6.9%
Return on Assets	9.0%+3.8pp	5.3%-13.4pp	18.6%+2.3pp	16.4%+9.1pp	7.3%+13.2pp	-5.9%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	0.000.0	0.000.0	0.00-0.0	0.02-0.0	0.070.0	0.06
FCF Margin	19.4%-0.5pp	20.0%+7.1pp	12.9%-11.2pp	24.1%-7.4pp	31.5%+27.4pp	4.0%

Metric	Q4'26	Q3'26	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25
Gross Margin	49.9%	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	36.4%+15.8pp	20.6%+8.7pp	11.9%-22.5pp	34.4%+2.8pp	31.7%+25.9pp	5.7%-20.7pp	26.4%+0.3pp	26.2%
Net Margin	38.1%+16.5pp	21.6%+8.8pp	12.8%-13.5pp	26.3%-8.6pp	34.8%+25.3pp	9.5%-24.4pp	34.0%+12.7pp	21.3%
Return on Equity	2.3%0.0pp	2.3%+1.4pp	0.9%-2.6pp	3.5%+0.5pp	3.0%+2.4pp	0.6%-2.7pp	3.2%-0.1pp	3.3%
Return on Assets	2.2%0.0pp	2.2%+1.3pp	0.9%-2.5pp	3.3%+0.4pp	2.9%+2.4pp	0.6%-2.6pp	3.1%-0.1pp	3.2%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	0.000.0	0.000.0	0.000.0	0.000.0	0.000.0	0.000.0	0.000.0	0.00
FCF Margin	65.1%+28.2pp	37.0%+82.8pp	-45.9%-99.1pp	53.3%+30.6pp	22.7%+66.0pp	-43.4%-41.1pp	-2.3%-58.1pp	55.8%

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Frequently Asked Questions

What is AMREP's annual revenue?

AMREP (AXR) reported $49.7M in total revenue for fiscal year 2025. This represents a -3.3% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is AMREP's revenue growing?

AMREP (AXR) revenue declined by 3.3% year-over-year, from $51.4M to $49.7M in fiscal year 2025.

Is AMREP profitable?

Yes, AMREP (AXR) reported a net income of $12.7M in fiscal year 2025, with a net profit margin of 25.6%.

What is AMREP's EBITDA?

AMREP (AXR) had EBITDA of $12.3M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does AMREP have?

As of fiscal year 2025, AMREP (AXR) had $48.9M in cash and equivalents against $25K in long-term debt.

What is AMREP's operating margin?

AMREP (AXR) had an operating margin of 24.4% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is AMREP's net profit margin?

AMREP (AXR) had a net profit margin of 25.6% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is AMREP's return on equity (ROE)?

AMREP (AXR) has a return on equity of 9.4% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is AMREP's free cash flow?

AMREP (AXR) generated $9.7M in free cash flow during fiscal year 2025. This represents a -5.8% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is AMREP's operating cash flow?

AMREP (AXR) generated $10.2M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are AMREP's total assets?

AMREP (AXR) had $140.7M in total assets as of fiscal year 2025, including both current and long-term assets.

What are AMREP's capital expenditures?

AMREP (AXR) invested $583K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How many shares does AMREP have outstanding?

AMREP (AXR) had 5M shares outstanding as of fiscal year 2025.

What is AMREP's debt-to-equity ratio?

AMREP (AXR) had a debt-to-equity ratio of 0.00 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is AMREP's return on assets (ROA)?

AMREP (AXR) had a return on assets of 9.0% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is AMREP's Piotroski F-Score?

AMREP (AXR) has a Piotroski F-Score of 4 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are AMREP's earnings high quality?

AMREP (AXR) has an earnings quality ratio of 0.81x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can AMREP cover its interest payments?

AMREP (AXR) has an interest coverage ratio of 7.5x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

How financially healthy is AMREP?

AMREP (AXR) scores 62 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.