Caesarstone Financials

CSTE

Source SEC Filings (10-K/10-Q) Updated Dec 31, 2024 Currency USD FYE December

This page shows Caesarstone (CSTE) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 15 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 39/100

Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability

Caesarstone has an operating margin of -9.4%, meaning the company retains $-9 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is up from -15.6% the prior year.

Growth

Caesarstone's revenue declined 21.6% year-over-year, from $565.2M to $443.2M. This contraction results in a growth score of 0/100.

Leverage

Caesarstone carries a low D/E ratio of 0.40, meaning only $0.40 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 96/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

With a current ratio of 2.30, Caesarstone holds $2.30 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 72/100.

Cash Flow

Caesarstone's free cash flow margin of 4.8% results in a low score of 24/100. Capital expenditures of $10.4M absorb a large share of operating cash flow.

Piotroski F-Score Neutral

5/9

Caesarstone passes 5 of 9 financial strength tests. 3 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.

Earnings Quality Mixed

-0.74x

For every $1 of reported earnings, Caesarstone generates $-0.74 in operating cash flow ($31.9M OCF vs -$42.8M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.

Interest Coverage At Risk

-139.6x

Caesarstone earns $-139.6 in operating income for every $1 of interest expense (-$41.9M vs $300K). This narrow margin raises concern about the company's ability to service its debt if operating income declines.

Key Financial Metrics

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Revenue

$443.2M

YoY-21.6%

5Y CAGR-4.1%

10Y CAGR-0.1%

Caesarstone generated $443.2M in revenue in fiscal year 2024. This represents a decrease of 21.6% from the prior year.

EBITDA

-$24.8M

YoY+57.3%

Caesarstone's EBITDA was -$24.8M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 57.3% from the prior year.

Free Cash Flow

$21.5M

YoY-61.2%

5Y CAGR-18.4%

Caesarstone generated $21.5M in free cash flow in fiscal year 2024, representing cash available after capex. This represents a decrease of 61.2% from the prior year.

Net Income

-$42.8M

YoY+60.2%

Caesarstone reported -$42.8M in net income in fiscal year 2024. This represents an increase of 60.2% from the prior year.

EPS (Diluted)

$-1.13

YoY+63.9%

Caesarstone earned $-1.13 per diluted share (EPS) in fiscal year 2024. This represents an increase of 63.9% from the prior year.

Cash & Debt

$57.3M

YoY+5.0%

5Y CAGR-16.3%

10Y CAGR+3.1%

Caesarstone held $57.3M in cash against $107.3M in long-term debt as of fiscal year 2024.

Dividends Per Share

N/A

Shares Outstanding

35M

YoY+0.0%

5Y CAGR+0.1%

10Y CAGR-0.2%

Caesarstone had 35M shares outstanding in fiscal year 2024. This represents an increase of 0.0% from the prior year.

Gross Margin

21.8%

YoY+5.5pp

5Y CAGR-5.4pp

10Y CAGR-20.6pp

Caesarstone's gross margin was 21.8% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is up 5.5 percentage points from the prior year.

Operating Margin

-9.4%

YoY+6.1pp

5Y CAGR-14.0pp

10Y CAGR-30.7pp

Caesarstone's operating margin was -9.4% in fiscal year 2024, reflecting core business profitability. This is up 6.1 percentage points from the prior year.

Net Margin

-9.7%

YoY+9.4pp

5Y CAGR-12.0pp

10Y CAGR-27.2pp

Caesarstone's net profit margin was -9.7% in fiscal year 2024, showing the share of revenue converted to profit. This is up 9.4 percentage points from the prior year.

Return on Equity

N/A

R&D Spending

$5.0M

YoY-2.7%

5Y CAGR+3.6%

10Y CAGR+6.5%

Caesarstone invested $5.0M in research and development in fiscal year 2024. This represents a decrease of 2.7% from the prior year.

Share Buybacks

N/A

Capital Expenditures

$10.4M

YoY-6.7%

5Y CAGR-15.1%

10Y CAGR-19.1%

Caesarstone invested $10.4M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents a decrease of 6.7% from the prior year.

CSTE Income Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Revenue	$443.2M-21.6%	$565.2M-18.2%	$690.8M+7.3%	$643.9M+32.4%	$486.4M-10.9%	$546.0M
Cost of Revenue	$346.5M-26.8%	$473.3M-10.3%	$527.6M+11.7%	$472.4M+34.0%	$352.5M-11.3%	$397.3M
Gross Profit	$96.7M+5.2%	$91.9M-43.7%	$163.2M-4.8%	$171.5M+28.0%	$133.9M-9.9%	$148.6M
R&D Expenses	$5.0M-2.7%	$5.1M+24.1%	$4.1M-2.8%	$4.2M+6.1%	$4.0M-4.1%	$4.1M
SG&A Expenses	$39.1M-20.9%	$49.5M-4.1%	$51.6M+1.5%	$50.8M+30.1%	$39.1M-3.9%	$40.7M
Operating Income	-$41.9M+52.4%	-$88.0M-50.0%	-$58.7M-314.0%	$27.4M+21.8%	$22.5M-8.8%	$24.7M
Interest Expense	$300K-20.4%	$377K+9.0%	$346K-83.0%	$2.0M	N/A	N/A
Income Tax	$1.1M-94.9%	$21.3M+2707.5%	$758K-61.1%	$1.9M-58.5%	$4.7M-24.7%	$6.2M
Net Income	-$42.8M+60.2%	-$107.7M-88.7%	-$57.1M-400.8%	$19.0M+162.8%	$7.2M-43.9%	$12.9M
EPS (Diluted)	$-1.13+63.9%	$-3.13-88.6%	$-1.66-425.5%	$0.51+142.9%	$0.21	N/A

Metric	Q4'24	Q4'23	Q4'22	Q4'21	Q4'20	Q4'19	Q4'18	Q4'17
Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	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	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

CSTE Balance Sheet

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Total Assets	$549.0M-5.3%	$579.9M-23.0%	$753.0M-13.2%	$867.7M+5.7%	$820.9M+16.6%	$703.9M
Current Assets	$348.5M+8.9%	$319.9M-21.6%	$407.9M-0.2%	$408.5M+5.9%	$385.7M+3.0%	$374.4M
Cash & Equivalents	$57.3M+5.0%	$54.6M+4.9%	$52.1M-29.9%	$74.3M-35.0%	$114.2M-18.0%	$139.4M
Inventory	$112.6M-17.5%	$136.4M-42.7%	$238.2M+16.4%	$204.7M+34.6%	$152.1M+24.0%	$122.7M
Accounts Receivable	$46.9M-29.9%	$66.9M-14.1%	$77.9M-5.9%	$82.8M-2.4%	$84.8M+8.4%	$78.3M
Goodwill	$0	$0	$0-100.0%	$45.8M-3.5%	$47.5M+34.8%	$35.2M
Total Liabilities	$277.5M+4.8%	$264.8M-20.2%	$331.9M-11.1%	$373.4M+11.9%	$333.6M+47.5%	$226.1M
Current Liabilities	$151.7M+25.1%	$121.2M-26.5%	$165.0M-10.0%	$183.3M+16.7%	$157.0M+24.3%	$126.4M
Long-Term Debt	$107.3M-6.0%	$114.1M-8.2%	$124.4M-13.2%	$143.3M+1181.7%	$11.2M	N/A
Total Equity	$271.6M-13.8%	$315.1M-25.2%	$421.0M-14.8%	$494.3M+1.4%	$487.4M+2.0%	$477.7M
Retained Earnings	$164.6M-19.2%	$203.7M-34.7%	$311.8M-17.4%	$377.7M+1.9%	$370.8M+0.7%	$368.4M

Metric	Q4'24	Q4'23	Q4'22	Q4'21	Q4'20	Q4'19	Q4'18	Q4'17
Total Assets	$549.0M-5.3%	$579.9M-23.0%	$753.0M-13.2%	$867.7M+5.7%	$820.9M+16.6%	$703.9M+14.1%	$616.9M-5.5%	$653.0M
Current Assets	$348.5M+8.9%	$319.9M-21.6%	$407.9M-0.2%	$408.5M+5.9%	$385.7M+3.0%	$374.4M+6.9%	$350.1M-7.4%	$378.0M
Cash & Equivalents	$57.3M+5.0%	$54.6M+4.9%	$52.1M-29.9%	$74.3M-35.0%	$114.2M-18.0%	$139.4M+49.0%	$93.6M-32.5%	$138.7M
Inventory	$112.6M-17.5%	$136.4M-42.7%	$238.2M+16.4%	$204.7M+34.6%	$152.1M+24.0%	$122.7M-22.6%	$158.5M+19.2%	$132.9M
Accounts Receivable	$46.9M-29.9%	$66.9M-14.1%	$77.9M-5.9%	$82.8M-2.4%	$84.8M+8.4%	$78.3M+7.9%	$72.6M-1.0%	$73.3M
Goodwill	$0	$0	$0-100.0%	$45.8M-3.5%	$47.5M+34.8%	$35.2M-0.2%	$35.3M-4.7%	$37.0M
Total Liabilities	$277.5M+4.8%	$264.8M-20.2%	$331.9M-11.1%	$373.4M+11.9%	$333.6M+47.5%	$226.1M+50.3%	$150.4M-17.8%	$183.1M
Current Liabilities	$151.7M+25.1%	$121.2M-26.5%	$165.0M-10.0%	$183.3M+16.7%	$157.0M+24.3%	$126.4M+13.6%	$111.3M-12.7%	$127.5M
Long-Term Debt	$107.3M-6.0%	$114.1M-8.2%	$124.4M-13.2%	$143.3M+1181.7%	$11.2M	N/A	N/A	N/A
Total Equity	$271.6M-13.8%	$315.1M-25.2%	$421.0M-14.8%	$494.3M+1.4%	$487.4M+2.0%	$477.7M+2.4%	$466.5M-0.7%	$469.9M
Retained Earnings	$164.6M-19.2%	$203.7M-34.7%	$311.8M-17.4%	$377.7M+1.9%	$370.8M+0.7%	$368.4M+2.1%	$360.7M+1.2%	$356.4M

CSTE Cash Flow Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Operating Cash Flow	$31.9M-52.1%	$66.5M+385.4%	-$23.3M-212.7%	$20.7M-56.6%	$47.6M-42.7%	$83.0M
Capital Expenditures	$10.4M-6.7%	$11.2M-37.3%	$17.8M-43.4%	$31.5M+58.8%	$19.8M-16.0%	$23.6M
Free Cash Flow	$21.5M-61.2%	$55.4M+234.7%	-$41.1M-280.9%	-$10.8M-138.8%	$27.8M-53.3%	$59.5M
Investing Cash Flow	-$24.4M+39.9%	-$40.5M-456.3%	-$7.3M+79.1%	-$34.9M+48.9%	-$68.3M-189.6%	-$23.6M
Financing Cash Flow	-$3.0M+87.2%	-$23.8M-359.7%	$9.2M+136.3%	-$25.3M-315.1%	-$6.1M+56.9%	-$14.1M
Dividends Paid	$0	$0-100.0%	$8.6M-19.2%	$10.7M+121.6%	$4.8M-6.6%	$5.2M
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q4'24	Q4'23	Q4'22	Q4'21	Q4'20	Q4'19	Q4'18	Q4'17
Operating Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Financing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
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

CSTE Financial Ratios

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Gross Margin	21.8%+5.5pp	16.3%-7.4pp	23.6%-3.0pp	26.6%-0.9pp	27.5%+0.3pp	27.2%
Operating Margin	-9.4%+6.1pp	-15.6%-7.1pp	-8.5%-12.8pp	4.3%-0.4pp	4.6%+0.1pp	4.5%
Net Margin	-9.7%+9.4pp	-19.1%-10.8pp	-8.3%-11.2pp	2.9%+1.5pp	1.5%-0.9pp	2.4%
Return on Equity	N/A	N/A	N/A	3.8%+2.4pp	1.5%-1.2pp	2.7%
Return on Assets	-7.8%+10.8pp	-18.6%-11.0pp	-7.6%-9.8pp	2.2%+1.3pp	0.9%-0.9pp	1.8%
Current Ratio	2.30-0.3	2.64+0.2	2.47+0.2	2.23-0.2	2.46-0.5	2.96
Debt-to-Equity	0.40+0.0	0.36+0.1	0.300.0	0.29+0.3	0.02-0.5	0.47
FCF Margin	4.8%-5.0pp	9.8%+15.7pp	-5.9%-4.3pp	-1.7%-7.4pp	5.7%-5.2pp	10.9%

Metric	Q4'24	Q4'23	Q4'22	Q4'21	Q4'20	Q4'19	Q4'18	Q4'17
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Current Ratio	2.30-0.3	2.64+0.2	2.47+0.2	2.23-0.2	2.46-0.5	2.96-0.2	3.15+0.2	2.97
Debt-to-Equity	0.40+0.0	0.36+0.1	0.300.0	0.29+0.3	0.02-0.5	0.47+0.2	0.32-0.1	0.39
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

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Frequently Asked Questions

What is Caesarstone's annual revenue?

Caesarstone (CSTE) reported $443.2M in total revenue for fiscal year 2024. This represents a -21.6% 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 Caesarstone's revenue growing?

Caesarstone (CSTE) revenue declined by 21.6% year-over-year, from $565.2M to $443.2M in fiscal year 2024.

Is Caesarstone profitable?

No, Caesarstone (CSTE) reported a net income of -$42.8M in fiscal year 2024, with a net profit margin of -9.7%.

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

Caesarstone (CSTE) reported diluted earnings per share of $-1.13 for fiscal year 2024. This represents a 63.9% 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.

What is Caesarstone's EBITDA?

Caesarstone (CSTE) had EBITDA of -$24.8M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does Caesarstone have?

As of fiscal year 2024, Caesarstone (CSTE) had $57.3M in cash and equivalents against $107.3M in long-term debt.

What is Caesarstone's gross margin?

Caesarstone (CSTE) had a gross margin of 21.8% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.

What is Caesarstone's operating margin?

Caesarstone (CSTE) had an operating margin of -9.4% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.

What is Caesarstone's net profit margin?

Caesarstone (CSTE) had a net profit margin of -9.7% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.

What is Caesarstone's free cash flow?

Caesarstone (CSTE) generated $21.5M in free cash flow during fiscal year 2024. This represents a -61.2% 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 Caesarstone's operating cash flow?

Caesarstone (CSTE) generated $31.9M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are Caesarstone's total assets?

Caesarstone (CSTE) had $549.0M in total assets as of fiscal year 2024, including both current and long-term assets.

What are Caesarstone's capital expenditures?

Caesarstone (CSTE) invested $10.4M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.

How much does Caesarstone spend on research and development?

Caesarstone (CSTE) invested $5.0M in research and development during fiscal year 2024.

How many shares does Caesarstone have outstanding?

Caesarstone (CSTE) had 35M shares outstanding as of fiscal year 2024.

What is Caesarstone's current ratio?

Caesarstone (CSTE) had a current ratio of 2.30 as of fiscal year 2024, which is generally considered healthy.

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

Caesarstone (CSTE) had a debt-to-equity ratio of 0.40 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

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

Caesarstone (CSTE) had a return on assets of -7.8% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

What is Caesarstone's Piotroski F-Score?

Caesarstone (CSTE) has a Piotroski F-Score of 5 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 Caesarstone's earnings high quality?

Caesarstone (CSTE) has an earnings quality ratio of -0.74x, 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 Caesarstone cover its interest payments?

Caesarstone (CSTE) has an interest coverage ratio of -139.6x, meaning it can struggle to 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 Caesarstone?

Caesarstone (CSTE) scores 39 out of 100 on our Financial Profile, indicating weak 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.