Crimson Wine Financials
This page shows Crimson Wine (CWGL) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 14 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
Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores
Crimson Wine has an operating margin of 0.1%, meaning the company retains $0 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 down from 2.7% the prior year.
Crimson Wine's revenue grew a modest 0.8% year-over-year to $73.0M. This slow but positive growth earns a score of 31/100.
Crimson Wine carries a low D/E ratio of 0.08, meaning only $0.08 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.
With a current ratio of 7.45, Crimson Wine holds $7.45 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 100/100.
While Crimson Wine generated $2.7M in operating cash flow, capex of $5.4M consumed most of it, leaving -$2.7M in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.
Crimson Wine generates a 0.5% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 2/100. This is down from 1.7% the prior year.
Crimson Wine scores 2.31, placing it in the grey zone between 1.81 and 2.99. The score is driven primarily by a large market capitalization ($110.5M) relative to total liabilities ($31.6M). This signals moderate financial risk that warrants monitoring.
Crimson Wine passes 8 of 9 financial strength tests. 3 of 4 profitability signals pass, all 3 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, Crimson Wine generates $3.15 in operating cash flow ($2.7M OCF vs $851K net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Crimson Wine earns $0.1 in operating income for every $1 of interest expense ($68K vs $781K). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Crimson Wine generated $73.0M in revenue in fiscal year 2024. This represents an increase of 0.8% from the prior year.
Crimson Wine's EBITDA was $7.2M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 12.0% from the prior year.
Crimson Wine generated -$2.7M in free cash flow in fiscal year 2024, representing cash available after capex. This represents an increase of 13.0% from the prior year.
Crimson Wine reported $851K in net income in fiscal year 2024. This represents a decrease of 72.8% from the prior year.
Crimson Wine earned $0.04 per diluted share (EPS) in fiscal year 2024. This represents a decrease of 73.3% from the prior year.
Crimson Wine held $21.0M in cash against $15.4M in long-term debt as of fiscal year 2024.
Crimson Wine had 21M shares outstanding in fiscal year 2024. This represents a decrease of 1.9% from the prior year.
Crimson Wine's gross margin was 48.0% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is up 1.5 percentage points from the prior year.
Crimson Wine's operating margin was 0.1% in fiscal year 2024, reflecting core business profitability. This is down 2.6 percentage points from the prior year.
Crimson Wine's net profit margin was 1.2% in fiscal year 2024, showing the share of revenue converted to profit. This is down 3.1 percentage points from the prior year.
Crimson Wine's ROE was 0.5% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is down 1.2 percentage points from the prior year.
Crimson Wine spent $2.4M on share buybacks in fiscal year 2024, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 8.5% from the prior year.
Crimson Wine invested $5.4M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents a decrease of 40.7% from the prior year.
CWGL Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $13.3M-21.7% | $17.0M+17.6% | $14.5M-36.8% | $22.9M+35.4% | $16.9M-1.9% | $17.2M+8.3% | $15.9M-25.7% | $21.4M |
| Cost of Revenue | $7.0M-24.0% | $9.3M+18.4% | $7.8M-37.2% | $12.4M+41.1% | $8.8M+4.2% | $8.5M+2.7% | $8.2M-29.7% | $11.7M |
| Gross Profit | $6.3M-18.9% | $7.8M+16.6% | $6.6M-36.5% | $10.5M+29.2% | $8.1M-7.8% | $8.8M+14.2% | $7.7M-20.9% | $9.7M |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $7.5M-8.5% | $8.2M-0.5% | $8.2M-3.6% | $8.5M+1.0% | $8.4M-3.0% | $8.7M+1.0% | $8.6M+10.4% | $7.8M |
| Operating Income | -$1.2M-160.9% | -$443K+71.2% | -$1.5M-201.2% | $1.5M+605.3% | -$301K-554.3% | -$46K+95.8% | -$1.1M-157.0% | $1.9M |
| Interest Expense | $225K+262.9% | $62K-72.7% | $227K-4.6% | $238K+1.7% | $234K+239.1% | $69K-71.3% | $240K-5.5% | $254K |
| Income Tax | $426K+494.4% | -$108K+69.7% | -$356K-179.1% | $450K+3650.0% | $12K-76.5% | $51K+121.0% | -$243K-143.2% | $562K |
| Net Income | $943K+819.8% | -$131K+86.0% | -$936K-171.0% | $1.3M+3368.4% | $38K-70.3% | $128K+120.2% | -$633K-142.8% | $1.5M |
| EPS (Diluted) | $0.05+600.0% | $-0.01+80.0% | $-0.05 | N/A | $0.00-100.0% | $0.01+133.3% | $-0.03 | N/A |
CWGL Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $218.0M+2.9% | $212.0M+0.2% | $211.5M-3.1% | $218.2M-1.6% | $221.6M+3.2% | $214.8M+0.2% | $214.4M-3.5% | $222.1M |
| Current Assets | $100.7M+6.9% | $94.2M+1.1% | $93.1M-5.0% | $98.0M-2.2% | $100.2M+7.9% | $92.8M+0.2% | $92.6M-6.1% | $98.6M |
| Cash & Equivalents | $23.6M+6.1% | $22.2M+75.3% | $12.7M-39.8% | $21.0M-13.6% | $24.3M+44.3% | $16.9M-25.4% | $22.6M-0.7% | $22.8M |
| Inventory | $68.9M+12.1% | $61.5M-0.9% | $62.0M-0.1% | $62.1M-4.3% | $64.9M+13.0% | $57.4M-1.2% | $58.2M+0.1% | $58.1M |
| Accounts Receivable | $6.2M-28.9% | $8.7M+65.3% | $5.3M-43.6% | $9.4M+34.4% | $7.0M+18.2% | $5.9M-15.2% | $7.0M-9.5% | $7.7M |
| Goodwill | $1.3M0.0% | $1.3M0.0% | $1.3M0.0% | $1.3M0.0% | $1.3M0.0% | $1.3M0.0% | $1.3M0.0% | $1.3M |
| Total Liabilities | $32.0M+18.8% | $27.0M+2.5% | $26.3M-16.8% | $31.6M-12.3% | $36.0M+27.4% | $28.3M+1.8% | $27.8M-18.1% | $33.9M |
| Current Liabilities | $14.5M+51.2% | $9.6M+12.2% | $8.6M-34.9% | $13.1M-25.9% | $17.7M+82.2% | $9.7M+7.9% | $9.0M-38.4% | $14.6M |
| Long-Term Debt | $14.6M-1.9% | $14.8M-1.9% | $15.1M-1.8% | $15.4M-1.8% | $15.7M-1.8% | $16.0M-1.7% | $16.3M-1.7% | $16.5M |
| Total Equity | $186.0M+0.5% | $185.0M-0.1% | $185.2M-0.8% | $186.6M+0.5% | $185.6M-0.5% | $186.5M-0.1% | $186.6M-0.8% | $188.2M |
| Retained Earnings | -$92.7M+1.0% | -$93.7M-0.2% | -$93.5M-1.4% | -$92.3M+1.0% | -$93.2M-0.5% | -$92.7M-0.3% | -$92.4M-1.8% | -$90.7M |
CWGL Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $2.5M+360.7% | $540K+377.9% | $113K-51.1% | $231K-84.7% | $1.5M-67.0% | $4.6M+225.5% | -$3.7M-211.8% | $3.3M |
| Capital Expenditures | $1.4M-2.1% | $1.4M+649.2% | $187K-82.9% | $1.1M-52.6% | $2.3M+54.1% | $1.5M+220.8% | $467K-70.6% | $1.6M |
| Free Cash Flow | $1.1M+229.6% | -$861K-1063.5% | -$74K+91.4% | -$864K-8.7% | -$795K-125.7% | $3.1M+175.0% | -$4.1M-345.0% | $1.7M |
| Investing Cash Flow | -$857K-109.2% | $9.3M+218.6% | -$7.8M-180.6% | -$2.8M-141.7% | $6.7M+169.6% | -$9.6M-299.9% | $4.8M+240.2% | $1.4M |
| Financing Cash Flow | -$266K+13.9% | -$309K+51.0% | -$631K+14.6% | -$739K+1.2% | -$748K-6.1% | -$705K+46.8% | -$1.3M-8.6% | -$1.2M |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | -$19K-179.2% | $24K-93.1% | $346K-23.8% | $454K-1.9% | $463K+10.2% | $420K-59.7% | $1.0M+11.2% | $936K |
CWGL Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 47.2%+1.6pp | 45.6%-0.4pp | 46.0%+0.3pp | 45.7%-2.2pp | 47.9%-3.1pp | 51.0%+2.7pp | 48.3%+2.9pp | 45.4% |
| Operating Margin | -8.7%-6.1pp | -2.6%+8.0pp | -10.7%-17.3pp | 6.6%+8.4pp | -1.8%-1.5pp | -0.3%+6.7pp | -6.9%-16.0pp | 9.0% |
| Net Margin | 7.1%+7.8pp | -0.8%+5.7pp | -6.5%-12.2pp | 5.8%+5.5pp | 0.2%-0.5pp | 0.7%+4.7pp | -4.0%-10.9pp | 6.9% |
| Return on Equity | 0.5%-0.6pp | 1.1%+0.7pp | 0.5%-0.2pp | 0.7%+0.7pp | 0.0%-0.1pp | 0.1%-0.4pp | 0.5%-0.3pp | 0.8% |
| Return on Assets | 0.4%+0.5pp | -0.1%+0.4pp | -0.4%-1.0pp | 0.6%+0.6pp | 0.0%-0.0pp | 0.1%+0.4pp | -0.3%-1.0pp | 0.7% |
| Current Ratio | 6.93-2.9 | 9.80-1.1 | 10.88+3.4 | 7.45+1.8 | 5.65-3.9 | 9.54-0.7 | 10.27+3.5 | 6.74 |
| Debt-to-Equity | 0.080.0 | 0.080.0 | 0.080.0 | 0.080.0 | 0.080.0 | 0.090.0 | 0.090.0 | 0.09 |
| FCF Margin | 8.4%+13.4pp | -5.1%-4.5pp | -0.5%+3.3pp | -3.8%+0.9pp | -4.7%-22.6pp | 17.9%+43.8pp | -25.9%-33.7pp | 7.8% |
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Frequently Asked Questions
What is Crimson Wine's annual revenue?
Crimson Wine (CWGL) reported $73.0M in total revenue for fiscal year 2024. This represents a 0.8% 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 Crimson Wine's revenue growing?
Crimson Wine (CWGL) revenue grew by 0.8% year-over-year, from $72.4M to $73.0M in fiscal year 2024.
Is Crimson Wine profitable?
Yes, Crimson Wine (CWGL) reported a net income of $851K in fiscal year 2024, with a net profit margin of 1.2%.
What is Crimson Wine's earnings per share (EPS)?
Crimson Wine (CWGL) reported diluted earnings per share of $0.04 for fiscal year 2024. This represents a -73.3% 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 Crimson Wine's EBITDA?
Crimson Wine (CWGL) had EBITDA of $7.2M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Crimson Wine have?
As of fiscal year 2024, Crimson Wine (CWGL) had $21.0M in cash and equivalents against $15.4M in long-term debt.
What is Crimson Wine's gross margin?
Crimson Wine (CWGL) had a gross margin of 48.0% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.
What is Crimson Wine's operating margin?
Crimson Wine (CWGL) had an operating margin of 0.1% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is Crimson Wine's net profit margin?
Crimson Wine (CWGL) had a net profit margin of 1.2% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
What is Crimson Wine's return on equity (ROE)?
Crimson Wine (CWGL) has a return on equity of 0.5% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.
What is Crimson Wine's free cash flow?
Crimson Wine (CWGL) generated -$2.7M in free cash flow during fiscal year 2024. This represents a 13.0% 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 Crimson Wine's operating cash flow?
Crimson Wine (CWGL) generated $2.7M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Crimson Wine's total assets?
Crimson Wine (CWGL) had $218.2M in total assets as of fiscal year 2024, including both current and long-term assets.
What are Crimson Wine's capital expenditures?
Crimson Wine (CWGL) invested $5.4M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
Does Crimson Wine buy back shares?
Yes, Crimson Wine (CWGL) spent $2.4M on share buybacks during fiscal year 2024, returning capital to shareholders by reducing shares outstanding.
How many shares does Crimson Wine have outstanding?
Crimson Wine (CWGL) had 21M shares outstanding as of fiscal year 2024.
What is Crimson Wine's current ratio?
Crimson Wine (CWGL) had a current ratio of 7.45 as of fiscal year 2024, which is generally considered healthy.
What is Crimson Wine's debt-to-equity ratio?
Crimson Wine (CWGL) had a debt-to-equity ratio of 0.08 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Crimson Wine's return on assets (ROA)?
Crimson Wine (CWGL) had a return on assets of 0.4% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Crimson Wine's Altman Z-Score?
Crimson Wine (CWGL) has an Altman Z-Score of 2.31, placing it in the Grey Zone (moderate risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Crimson Wine's Piotroski F-Score?
Crimson Wine (CWGL) has a Piotroski F-Score of 8 out of 9, indicating strong 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 Crimson Wine's earnings high quality?
Crimson Wine (CWGL) has an earnings quality ratio of 3.15x, considered cash-backed (high 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 Crimson Wine cover its interest payments?
Crimson Wine (CWGL) has an interest coverage ratio of 0.1x, 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 Crimson Wine?
Crimson Wine (CWGL) 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.