Espey Mfg & Elec Financials
This page shows Espey Mfg & Elec (ESP) 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).
By FY2025, margin expansion and working-capital release had turned steady sales growth into outsized cash generation.
In FY2025, operating cash flow reached$21.0M while net income was$8.1M , so cash generation ran far ahead of accounting profit. That gap fits a working-capital release: inventory fell even as revenue expanded, so free-cash-flow margin jumped to37.8% from14.0% in FY2024 rather than simply tracking earnings.
The business has quietly remade its earnings profile: gross margin widened to
Liquidity remains comfortable at 2.7x, but the balance-sheet posture is less conservative than two years ago because total liabilities climbed to
Financial Health Signals
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Espey Mfg & Elec's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Espey Mfg & Elec has an operating margin of 18.5%, meaning the company retains $18 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 16.9% the prior year.
Espey Mfg & Elec's revenue grew 13.5% year-over-year to $44.0M, a solid pace of expansion. This earns a growth score of 68/100.
Espey Mfg & Elec has a moderate D/E ratio of 0.56. This balance of debt and equity financing earns a leverage score of 58/100.
With a current ratio of 2.62, Espey Mfg & Elec holds $2.62 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 71/100.
Espey Mfg & Elec converts 37.8% of revenue into free cash flow ($16.6M). This strong cash generation earns a score of 91/100.
Espey Mfg & Elec earns a strong 16.0% return on equity (ROE), meaning it generates $16 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 76/100. This is up from 14.1% the prior year.
Espey Mfg & Elec scores 5.77, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($170.8M) relative to total liabilities ($28.3M). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Espey Mfg & Elec passes 5 of 8 computable financial strength tests (1 of the nine could not be computed from available data). All 4 profitability signals pass (positive income, cash flow, and earnings quality), no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), 1 of 2 efficiency signals pass.
For every $1 of reported earnings, Espey Mfg & Elec generates $2.58 in operating cash flow ($21.0M OCF vs $8.1M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Key Financial Metrics
Earnings & Revenue
Espey Mfg & Elec generated $44.0M in revenue in fiscal year 2025. This represents an increase of 13.5% from the prior year.
Espey Mfg & Elec's EBITDA was $8.6M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 22.7% from the prior year.
Espey Mfg & Elec reported $8.1M in net income in fiscal year 2025. This represents an increase of 40.0% from the prior year.
Espey Mfg & Elec earned $3.02 per diluted share (EPS) in fiscal year 2025. This represents an increase of 31.9% from the prior year.
Cash & Balance Sheet
Espey Mfg & Elec generated $16.6M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 206.1% from the prior year.
Espey Mfg & Elec held $18.9M in cash against $0 in long-term debt as of fiscal year 2025.
Espey Mfg & Elec paid $1.00 per share in dividends in fiscal year 2025. This represents an increase of 48.1% from the prior year.
Espey Mfg & Elec had 3M shares outstanding in fiscal year 2025. This represents an increase of 5.9% from the prior year.
Margins & Returns
Espey Mfg & Elec's gross margin was 28.9% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 1.4 percentage points from the prior year.
Espey Mfg & Elec's operating margin was 18.5% in fiscal year 2025, reflecting core business profitability. This is up 1.6 percentage points from the prior year.
Espey Mfg & Elec's net profit margin was 18.5% in fiscal year 2025, showing the share of revenue converted to profit. This is up 3.5 percentage points from the prior year.
Espey Mfg & Elec's ROE was 16.0% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 1.9 percentage points from the prior year.
Capital Allocation
Espey Mfg & Elec invested $4.4M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 15.5% from the prior year.
ESP Income Statement
| Metric | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $11.4M-5.9% | $12.1M+33.5% | $9.1M-5.2% | $9.6M-6.9% | $10.3M-24.3% | $13.6M+30.3% | $10.4M-10.1% | $11.6M |
| Cost of Revenue | $7.2M-9.2% | $7.9M+34.9% | $5.9M | N/A | $7.4M-29.6% | $10.4M+36.7% | $7.6M | N/A |
| Gross Profit | $4.2M+0.4% | $4.2M+30.9% | $3.2M-14.7% | $3.8M+27.9% | $2.9M-6.8% | $3.2M+13.0% | $2.8M-12.5% | $3.2M |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $1.2M+9.2% | $1.1M-0.9% | $1.2M | N/A | $1.2M+5.1% | $1.1M+5.3% | $1.1M | N/A |
| Operating Income | $3.0M-2.9% | $3.1M+48.7% | $2.1M | N/A | $1.8M-13.5% | $2.0M+17.8% | $1.7M | N/A |
| Interest Expense | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Income Tax | $527K-25.9% | $711K+83.3% | $388K | N/A | $383K-0.4% | $384K-3.7% | $399K | N/A |
| Net Income | $2.9M+2.1% | $2.8M+29.3% | $2.2M-26.0% | $2.9M+72.0% | $1.7M-10.7% | $1.9M+19.4% | $1.6M-15.6% | $1.9M |
| EPS (Diluted) | $0.990.0% | $0.99+30.3% | $0.76-27.6% | $1.05+66.7% | $0.63-11.3% | $0.71+16.4% | $0.61-16.4% | $0.73 |
ESP Balance Sheet
| Metric | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $96.0M+12.7% | $85.2M+0.4% | $84.8M+7.2% | $79.1M+8.6% | $72.8M+21.0% | $60.2M+4.4% | $57.6M+1.9% | $56.5M |
| Current Assets | $90.1M+11.4% | $80.9M+0.2% | $80.7M+9.2% | $74.0M+9.8% | $67.4M+21.2% | $55.6M+3.3% | $53.8M+1.0% | $53.2M |
| Cash & Equivalents | $21.2M+19.2% | $17.8M-20.1% | $22.2M+17.8% | $18.9M+36.1% | $13.9M+72.7% | $8.0M+66.8% | $4.8M+10.6% | $4.4M |
| Inventory | $26.6M+15.8% | $22.9M+8.9% | $21.1M+18.1% | $17.8M+7.6% | $16.6M-5.8% | $17.6M-9.4% | $19.4M+1.0% | $19.2M |
| Accounts Receivable | $6.3M-23.5% | $8.2M+29.5% | $6.4M-16.3% | $7.6M+18.6% | $6.4M-8.4% | $7.0M-0.4% | $7.0M+5.8% | $6.6M |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $39.6M+23.9% | $32.0M-5.6% | $33.9M+19.8% | $28.3M+6.6% | $26.5M+72.5% | $15.4M+1.5% | $15.1M-0.8% | $15.3M |
| Current Liabilities | $39.6M+23.9% | $32.0M-5.6% | $33.9M+19.8% | $28.3M+6.6% | $26.5M+72.5% | $15.4M+1.5% | $15.1M-0.8% | $15.3M |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $56.4M+6.0% | $53.2M+4.4% | $51.0M+0.3% | $50.8M+9.8% | $46.3M+3.4% | $44.8M+5.5% | $42.5M+3.0% | $41.3M |
| Retained Earnings | $35.3M+6.5% | $33.1M+6.8% | $31.0M-1.8% | $31.6M+7.7% | $29.3M+3.7% | $28.2M+4.7% | $27.0M+3.7% | $26.0M |
ESP Cash Flow Statement
| Metric | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $3.4M+220.5% | -$2.8M-149.1% | $5.7M+106.4% | $2.8M-75.8% | $11.5M+113.0% | $5.4M+287.1% | $1.4M-57.2% | $3.2M |
| Capital Expenditures | $189K-85.7% | $1.3M+2.4% | $1.3M-30.5% | $1.9M+93.1% | $961K+8.8% | $884K+33.0% | $664K+0.3% | $662K |
| Free Cash Flow | $3.2M+177.4% | -$4.1M-193.3% | $4.4M+383.9% | $915K-91.3% | $10.5M+133.5% | $4.5M+520.0% | $725K-71.9% | $2.6M |
| Investing Cash Flow | -$283K+72.3% | -$1.0M-320.2% | -$243K-118.4% | $1.3M+124.9% | -$5.3M-113.5% | -$2.5M-469.0% | -$439K+89.0% | -$4.0M |
| Financing Cash Flow | $297K+147.2% | -$628K+70.4% | -$2.1M-334.1% | $905K+410.7% | -$291K-187.5% | $333K+168.1% | -$488K-2.2% | -$478K |
| Dividends Paid | $699K+1.8% | $687K-75.0% | $2.7M+310.2% | $669K+2.9% | $650K+0.6% | $646K+2.0% | $633K+26.6% | $500K |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
ESP Financial Ratios
| Metric | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 37.0%+2.3pp | 34.7%-0.7pp | 35.4%-3.9pp | 39.3%+10.7pp | 28.6%+5.4pp | 23.3%-3.6pp | 26.8%-0.8pp | 27.6% |
| Operating Margin | 26.1%+0.8pp | 25.3%+2.6pp | 22.7% | N/A | 17.0%+2.1pp | 14.9%-1.6pp | 16.5% | N/A |
| Net Margin | 25.1%+2.0pp | 23.1%-0.8pp | 23.9%-6.7pp | 30.6%+14.0pp | 16.5%+2.5pp | 14.0%-1.3pp | 15.3%-1.0pp | 16.3% |
| Return on Equity | 5.1%-0.2pp | 5.3%+1.0pp | 4.3%-1.5pp | 5.8%+2.1pp | 3.7%-0.6pp | 4.3%+0.5pp | 3.8%-0.8pp | 4.6% |
| Return on Assets | 3.0%-0.3pp | 3.3%+0.7pp | 2.6%-1.1pp | 3.7%+1.4pp | 2.3%-0.8pp | 3.2%+0.4pp | 2.8%-0.6pp | 3.4% |
| Current Ratio | 2.28-0.3 | 2.53+0.1 | 2.38-0.2 | 2.62+0.1 | 2.54-1.1 | 3.61+0.1 | 3.55+0.1 | 3.49 |
| Debt-to-Equity | 0.70+0.1 | 0.60-0.1 | 0.66+0.1 | 0.56-0.0 | 0.57+0.2 | 0.34-0.0 | 0.36-0.0 | 0.37 |
| FCF Margin | 28.0%+62.1pp | -34.1%-82.8pp | 48.7%+39.2pp | 9.5%-92.3pp | 101.8%+68.8pp | 33.0%+26.1pp | 6.9%-15.3pp | 22.2% |
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Frequently Asked Questions
What is Espey Mfg & Elec's annual revenue?
Espey Mfg & Elec (ESP) reported $44.0M in total revenue for fiscal year 2025. This represents a 13.5% 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 Espey Mfg & Elec's revenue growing?
Espey Mfg & Elec (ESP) revenue grew by 13.5% year-over-year, from $38.7M to $44.0M in fiscal year 2025.
Is Espey Mfg & Elec profitable?
Yes, Espey Mfg & Elec (ESP) reported a net income of $8.1M in fiscal year 2025, with a net profit margin of 18.5%.
What is Espey Mfg & Elec's EBITDA?
Espey Mfg & Elec (ESP) had EBITDA of $8.6M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is Espey Mfg & Elec's gross margin?
Espey Mfg & Elec (ESP) had a gross margin of 28.9% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Espey Mfg & Elec's operating margin?
Espey Mfg & Elec (ESP) had an operating margin of 18.5% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Espey Mfg & Elec's net profit margin?
Espey Mfg & Elec (ESP) had a net profit margin of 18.5% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
Does Espey Mfg & Elec pay dividends?
Yes, Espey Mfg & Elec (ESP) paid $1.00 per share in dividends during fiscal year 2025.
What is Espey Mfg & Elec's return on equity (ROE)?
Espey Mfg & Elec (ESP) has a return on equity of 16.0% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Espey Mfg & Elec's free cash flow?
Espey Mfg & Elec (ESP) generated $16.6M in free cash flow during fiscal year 2025. This represents a 206.1% 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 Espey Mfg & Elec's operating cash flow?
Espey Mfg & Elec (ESP) generated $21.0M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Espey Mfg & Elec's total assets?
Espey Mfg & Elec (ESP) had $79.1M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Espey Mfg & Elec's capital expenditures?
Espey Mfg & Elec (ESP) invested $4.4M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Espey Mfg & Elec's current ratio?
Espey Mfg & Elec (ESP) had a current ratio of 2.62 as of fiscal year 2025, which is generally considered healthy.
What is Espey Mfg & Elec's debt-to-equity ratio?
Espey Mfg & Elec (ESP) had a debt-to-equity ratio of 0.56 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Espey Mfg & Elec's return on assets (ROA)?
Espey Mfg & Elec (ESP) had a return on assets of 10.3% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Espey Mfg & Elec's Altman Z-Score?
Espey Mfg & Elec (ESP) has an Altman Z-Score of 5.77, 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 Espey Mfg & Elec's Piotroski F-Score?
Espey Mfg & Elec (ESP) has a Piotroski F-Score of 5 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Espey Mfg & Elec's earnings high quality?
Espey Mfg & Elec (ESP) has an earnings quality ratio of 2.58x, 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.
How financially healthy is Espey Mfg & Elec?
Espey Mfg & Elec (ESP) scores 73 out of 100 on our Financial Health Score, indicating strong standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.