Eastern Co Financials
This page shows Eastern Co (EML) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 13 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
Eastern Co has an operating margin of 7.4%, meaning the company retains $7 of operating profit per $100 of revenue. This results in a moderate score of 37/100, indicating healthy but not exceptional operating efficiency. This is up from 6.6% the prior year.
Eastern Co's revenue grew 5.4% year-over-year to $272.8M, a solid pace of expansion. This earns a growth score of 44/100.
Eastern Co carries a low D/E ratio of 0.32, meaning only $0.32 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 99/100, indicating a strong balance sheet with room for future borrowing.
With a current ratio of 2.58, Eastern Co holds $2.58 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 83/100.
Eastern Co's free cash flow margin of 3.5% results in a low score of 18/100. Capital expenditures of $9.7M absorb a large share of operating cash flow.
Eastern Co scores 3.19, well above the 2.99 safe threshold. This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Eastern Co passes 5 of 9 financial strength tests. 2 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, Eastern Co generates $-2.27 in operating cash flow ($19.4M OCF vs -$8.5M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.
Eastern Co earns $7.4 in operating income for every $1 of interest expense ($20.1M vs $2.7M). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.
Key Financial Metrics
Eastern Co generated $272.8M in revenue in fiscal year 2024. This represents an increase of 5.4% from the prior year.
Eastern Co's EBITDA was $26.0M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 6.3% from the prior year.
Eastern Co generated $9.7M in free cash flow in fiscal year 2024, representing cash available after capex. This represents a decrease of 51.6% from the prior year.
Eastern Co reported -$8.5M in net income in fiscal year 2024. This represents a decrease of 199.4% from the prior year.
Eastern Co earned $-1.37 per diluted share (EPS) in fiscal year 2024. This represents a decrease of 200.0% from the prior year.
Eastern Co held $14.0M in cash against $38.6M in long-term debt as of fiscal year 2024.
Eastern Co paid $0.44 per share in dividends in fiscal year 2024. This represents an increase of 0.0% from the prior year.
Eastern Co had 6M shares outstanding in fiscal year 2024. This represents a decrease of 0.9% from the prior year.
Eastern Co's gross margin was 24.7% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is up 0.8 percentage points from the prior year.
Eastern Co's operating margin was 7.4% in fiscal year 2024, reflecting core business profitability. This is up 0.8 percentage points from the prior year.
Eastern Co's net profit margin was -3.1% in fiscal year 2024, showing the share of revenue converted to profit. This is down 6.5 percentage points from the prior year.
Eastern Co invested $4.9M in research and development in fiscal year 2024. This represents a decrease of 12.6% from the prior year.
Eastern Co spent $3.1M on share buybacks in fiscal year 2024, returning capital to shareholders by reducing shares outstanding. This represents an increase of 315.6% from the prior year.
Eastern Co invested $9.7M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents an increase of 75.1% from the prior year.
EML Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'23 | Q3'23 | Q2'24 | Q1'24 | Q4'22 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $55.3M-21.1% | $70.2M+10.8% | $63.3M+20.9% | $52.4M-20.2% | $65.6M-4.0% | $68.3M-5.7% | $72.5M+5.0% | $69.1M |
| Cost of Revenue | $43.0M-20.1% | $53.8M+9.5% | $49.1M+30.5% | $37.6M-23.6% | $49.3M-7.4% | $53.2M-6.7% | $57.0M-1.0% | $57.6M |
| Gross Profit | $12.4M-24.4% | $16.4M+15.3% | $14.2M-3.8% | $14.8M-9.9% | $16.4M+8.1% | $15.1M-2.3% | $15.5M+35.1% | $11.5M |
| R&D Expenses | $996K-3.5% | $1.0M-7.0% | $1.1M-16.9% | $1.3M-6.3% | $1.4M-0.4% | $1.4M+2.1% | $1.4M+30.6% | $1.1M |
| SG&A Expenses | $9.6M-20.9% | $12.2M+23.8% | $9.8M+58.3% | $6.2M-35.9% | $9.7M-14.1% | $11.3M-5.4% | $11.9M+27.3% | $9.4M |
| Operating Income | $1.7M-45.2% | $3.1M-2.7% | $3.2M-55.1% | $7.2M+37.1% | $5.2M+116.2% | $2.4M+12.5% | $2.2M+575.3% | $320K |
| Interest Expense | $688K+8.2% | $636K+3.0% | $617K+168.0% | $230K-78.4% | $1.1M+36.7% | $781K+7.6% | $726K+5.0% | $692K |
| Income Tax | $298K-45.5% | $546K+7.7% | $507K-89.0% | $4.6M+566.5% | -$984K-97.0% | -$500K-356.4% | $195K+102.8% | -$6.9M |
| Net Income | $579K-83.2% | $3.4M+77.0% | $1.9M-44.7% | $3.5M+14.8% | $3.1M+118.8% | $1.4M+130.4% | $607K+61.4% | $376K |
| EPS (Diluted) | $0.10-82.1% | $0.56+75.0% | $0.32-42.9% | $0.56+14.3% | $0.49+122.7% | $0.22+120.0% | $0.10-44.4% | $0.18 |
EML Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'23 | Q3'23 | Q2'24 | Q1'24 | Q4'22 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $220.0M-4.1% | $229.4M-1.3% | $232.3M-7.8% | $252.0M-1.8% | $256.7M+0.1% | $256.5M+0.3% | $255.8M-2.2% | $261.5M |
| Current Assets | $100.6M-6.8% | $107.9M-1.5% | $109.6M-2.3% | $112.2M-6.1% | $119.5M+0.3% | $119.1M-2.5% | $122.1M-2.6% | $125.3M |
| Cash & Equivalents | $9.2M+1.3% | $9.1M+15.3% | $7.9M-1.8% | $8.0M-15.6% | $9.5M-27.7% | $13.2M+1.0% | $13.1M+28.3% | $10.2M |
| Inventory | $56.8M+4.9% | $54.1M-2.2% | $55.4M-5.2% | $58.4M-3.7% | $60.6M+5.4% | $57.5M-0.2% | $57.7M-10.8% | $64.6M |
| Accounts Receivable | $30.0M-25.4% | $40.2M+20.1% | $33.5M-2.1% | $34.2M-20.2% | $42.8M+2.0% | $42.0M-5.6% | $44.5M+3.7% | $42.9M |
| Goodwill | $58.6M-0.1% | $58.6M0.0% | $58.6M+0.1% | $58.6M-17.2% | $70.8M-0.1% | $70.8M0.0% | $70.8M0.0% | $70.8M |
| Total Liabilities | $95.8M-8.8% | $105.0M-5.7% | $111.3M-6.9% | $119.6M-6.7% | $128.1M-1.7% | $130.3M+1.1% | $129.0M-4.4% | $134.9M |
| Current Liabilities | $33.6M-16.9% | $40.5M+2.3% | $39.6M-7.4% | $42.7M-7.1% | $46.0M+11.6% | $41.2M-9.1% | $45.3M-3.5% | $47.0M |
| Long-Term Debt | $31.0M-3.3% | $32.1M-14.5% | $37.6M-8.5% | $41.1M-10.1% | $45.7M-11.1% | $51.4M+3.5% | $49.7M-9.9% | $55.1M |
| Total Equity | $124.3M-0.1% | $124.4M+2.9% | $121.0M-8.7% | $132.5M+3.0% | $128.6M+1.9% | $126.2M-0.5% | $126.8M+0.1% | $126.6M |
| Retained Earnings | $137.5M-0.1% | $137.6M+2.6% | $134.2M-7.4% | $144.8M+2.0% | $142.0M+1.7% | $139.6M+0.5% | $138.9M-0.1% | $139.0M |
EML Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'23 | Q3'23 | Q2'24 | Q1'24 | Q4'22 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $3.1M-17.2% | $3.8M+303.3% | -$1.8M-125.0% | $7.4M+60.6% | $4.6M-31.3% | $6.7M-2.4% | $6.9M-11.8% | $7.8M |
| Capital Expenditures | $45K-94.0% | $750K-11.8% | $849K-41.6% | $1.5M-31.1% | $2.1M+155.1% | $828K-28.1% | $1.2M-29.4% | $1.6M |
| Free Cash Flow | $3.1M+2.0% | $3.0M+211.5% | -$2.7M-145.5% | $5.9M+138.5% | $2.5M-57.6% | $5.9M+2.8% | $5.7M-7.2% | $6.1M |
| Investing Cash Flow | -$44K-101.3% | $3.4M+315.6% | -$1.6M+31.0% | -$2.3M-5.4% | -$2.2M-65.8% | -$1.3M-220.1% | $1.1M-74.9% | $4.3M |
| Financing Cash Flow | -$2.8M+58.4% | -$6.8M-131.3% | -$3.0M+51.1% | -$6.0M+9.3% | -$6.7M-30.4% | -$5.1M-0.4% | -$5.1M+55.2% | -$11.4M |
| Dividends Paid | $668K-0.7% | $673K-0.3% | $675K-3.1% | $697K-0.4% | $699K+2.0% | $686K+0.2% | $684K+0.1% | $684K |
| Share Buybacks | $851K+17.8% | $723K-48.4% | $1.4M+185.7% | $490K+99.7% | $246K | $0 | $0 | $0 |
EML Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'23 | Q3'23 | Q2'24 | Q1'24 | Q4'22 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 22.4%-1.0pp | 23.3%+0.9pp | 22.4%-5.8pp | 28.2%+3.2pp | 24.9%+2.8pp | 22.2%+0.8pp | 21.4%+4.8pp | 16.6% |
| Operating Margin | 3.1%-1.4pp | 4.5%-0.6pp | 5.1%-8.6pp | 13.7%+5.7pp | 8.0%+4.5pp | 3.5%+0.6pp | 3.0%+2.5pp | 0.5% |
| Net Margin | 1.1%-3.9pp | 4.9%+1.8pp | 3.1%-3.6pp | 6.7%+2.0pp | 4.7%+2.6pp | 2.1%+1.2pp | 0.8%+0.3pp | 0.5% |
| Return on Equity | 0.5%-2.3pp | 2.8%+1.1pp | 1.6%-1.0pp | 2.6%+0.3pp | 2.4%+1.3pp | 1.1%+0.6pp | 0.5%+0.2pp | 0.3% |
| Return on Assets | 0.3%-1.2pp | 1.5%+0.7pp | 0.8%-0.6pp | 1.4%+0.2pp | 1.2%+0.6pp | 0.5%+0.3pp | 0.2%+0.1pp | 0.1% |
| Current Ratio | 2.99+0.3 | 2.67-0.1 | 2.77+0.1 | 2.63+0.0 | 2.60-0.3 | 2.89+0.2 | 2.69+0.0 | 2.67 |
| Debt-to-Equity | 0.250.0 | 0.26-0.1 | 0.310.0 | 0.31-0.0 | 0.35-0.1 | 0.41+0.0 | 0.39-0.0 | 0.44 |
| FCF Margin | 5.5%+1.2pp | 4.3%+8.5pp | -4.3%-15.6pp | 11.3%+7.5pp | 3.8%-4.8pp | 8.6%+0.7pp | 7.9%-1.0pp | 8.9% |
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Frequently Asked Questions
What is Eastern Co's annual revenue?
Eastern Co (EML) reported $272.8M in total revenue for fiscal year 2024. This represents a 5.4% 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 Eastern Co's revenue growing?
Eastern Co (EML) revenue grew by 5.4% year-over-year, from $258.9M to $272.8M in fiscal year 2024.
Is Eastern Co profitable?
No, Eastern Co (EML) reported a net income of -$8.5M in fiscal year 2024, with a net profit margin of -3.1%.
What is Eastern Co's earnings per share (EPS)?
Eastern Co (EML) reported diluted earnings per share of $-1.37 for fiscal year 2024. This represents a -200.0% 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 Eastern Co's EBITDA?
Eastern Co (EML) had EBITDA of $26.0M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Eastern Co have?
As of fiscal year 2024, Eastern Co (EML) had $14.0M in cash and equivalents against $38.6M in long-term debt.
What is Eastern Co's gross margin?
Eastern Co (EML) had a gross margin of 24.7% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.
What is Eastern Co's operating margin?
Eastern Co (EML) had an operating margin of 7.4% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is Eastern Co's net profit margin?
Eastern Co (EML) had a net profit margin of -3.1% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
Does Eastern Co pay dividends?
Yes, Eastern Co (EML) paid $0.44 per share in dividends during fiscal year 2024.
What is Eastern Co's free cash flow?
Eastern Co (EML) generated $9.7M in free cash flow during fiscal year 2024. This represents a -51.6% 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 Eastern Co's operating cash flow?
Eastern Co (EML) generated $19.4M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Eastern Co's total assets?
Eastern Co (EML) had $235.3M in total assets as of fiscal year 2024, including both current and long-term assets.
What are Eastern Co's capital expenditures?
Eastern Co (EML) invested $9.7M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
How much does Eastern Co spend on research and development?
Eastern Co (EML) invested $4.9M in research and development during fiscal year 2024.
Does Eastern Co buy back shares?
Yes, Eastern Co (EML) spent $3.1M on share buybacks during fiscal year 2024, returning capital to shareholders by reducing shares outstanding.
How many shares does Eastern Co have outstanding?
Eastern Co (EML) had 6M shares outstanding as of fiscal year 2024.
What is Eastern Co's current ratio?
Eastern Co (EML) had a current ratio of 2.58 as of fiscal year 2024, which is generally considered healthy.
What is Eastern Co's debt-to-equity ratio?
Eastern Co (EML) had a debt-to-equity ratio of 0.32 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Eastern Co's return on assets (ROA)?
Eastern Co (EML) had a return on assets of -3.6% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Eastern Co's Altman Z-Score?
Eastern Co (EML) has an Altman Z-Score of 3.19, placing it in the Safe Zone (low bankruptcy 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 Eastern Co's Piotroski F-Score?
Eastern Co (EML) 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 Eastern Co's earnings high quality?
Eastern Co (EML) has an earnings quality ratio of -2.27x, 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 Eastern Co cover its interest payments?
Eastern Co (EML) has an interest coverage ratio of 7.4x, 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 Eastern Co?
Eastern Co (EML) scores 56 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.