What is Mays (J.W.), Inc.'s earnings per share (EPS)?

Mays (J.W.), Inc. (MAYS) reported diluted earnings per share of $-0.07 for fiscal year 2025. This represents a 65.0% 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.

Mays (J.W.), Inc. Financials

MAYS

Source SEC Filings (10-K/10-Q) Updated Jan 31, 2026 Currency USD FYE July

This page shows Mays (J.W.), Inc. (MAYS) 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).

Rhea AI MAYS FY2025 2026-04-22

Large depreciation keeps cash flow positive, but recurring capital spending leaves this asset-heavy business operating near cash breakeven.

Across FY2023-FY2025, operating cash flow stayed positive even when net income was negative, because annual depreciation of $1.7M-$1.8M outweighed the losses. That makes capex coverage the real test of earnings quality; FY2025 only barely cleared it, with $2.5M of OCF against $2.4M of capex. The income statement therefore understates cash production, but not by enough to make reinvestment painless.

FY2025's cash improvement came from stronger operations rather than a spending retreat: operating cash flow rose from $1.4M in FY2024 to $2.5M. Capex still ran at $2.4M, so the rebound was not created by cutting reinvestment. With revenue only modestly higher and the operating loss shrinking to $154K from $620K, the pattern looks like better fixed-cost absorption and expense control.

The balance sheet is not debt-led: FY2025 ended with $52.4M of equity against $36.3M of total liabilities. Long-term debt was only $3.2M, but liquidity is thinner than the asset base suggests because cash was just $2.2M while annual capex was $2.4M. That means solvency looks steadier than the day-to-day cash cushion.

Financial Health Signals

Financial Profile 36/100

Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →

Health score ≠ stock price. This rates the quality of Mays (J.W.), Inc.'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.

Profitability

Mays (J.W.), Inc. has an operating margin of -0.7%, meaning the company retains $-1 of operating profit per $100 of revenue. This below-average margin results in a low score of 20/100, suggesting thin profitability after operating expenses. This is up from -2.9% the prior year.

Growth

Mays (J.W.), Inc.'s revenue grew a modest 4.1% year-over-year to $22.5M. This slow but positive growth earns a score of 33/100.

Leverage

100

Mays (J.W.), Inc. carries a low D/E ratio of 0.06, meaning only $0.06 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

While Mays (J.W.), Inc. generated $2.5M in operating cash flow, capex of $2.4M consumed most of it, leaving $128K in free cash flow. This results in a low score of 25/100, reflecting heavy capital investment rather than weak cash generation.

Returns

Mays (J.W.), Inc. generates a -0.3% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 10/100. This is up from -0.8% the prior year.

Piotroski F-Score Neutral

6/9

Mays (J.W.), Inc. passes 6 of 9 financial strength tests. 3 of 4 profitability signals pass, all 2 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Mixed

-18.50x

For every $1 of reported earnings, Mays (J.W.), Inc. generates $-18.50 in operating cash flow ($2.5M OCF vs -$136K net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.

Interest Coverage At Risk

-1.0x

Mays (J.W.), Inc. earns $-1.0 in operating income for every $1 of interest expense (-$154K vs $152K). 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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Earnings & Revenue

Revenue

$22.5M

YoY+4.1%

5Y CAGR+2.8%

Mays (J.W.), Inc. generated $22.5M in revenue in fiscal year 2025. This represents an increase of 4.1% from the prior year.

EBITDA

$1.6M

YoY+48.9%

5Y CAGR+31.3%

10Y CAGR-10.4%

Mays (J.W.), Inc.'s EBITDA was $1.6M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 48.9% from the prior year.

Net Income

-$136K

YoY+66.5%

Mays (J.W.), Inc. reported -$136K in net income in fiscal year 2025. This represents an increase of 66.5% from the prior year.

EPS (Diluted)

$-0.07

YoY+65.0%

Mays (J.W.), Inc. earned $-0.07 per diluted share (EPS) in fiscal year 2025. This represents an increase of 65.0% from the prior year.

Cash & Balance Sheet

Free Cash Flow

$128K

YoY+112.2%

10Y CAGR-22.6%

Mays (J.W.), Inc. generated $128K in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 112.2% from the prior year.

Cash & Debt

$2.2M

YoY-5.5%

5Y CAGR-10.5%

10Y CAGR-7.0%

Mays (J.W.), Inc. held $2.2M in cash against $3.2M in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

YoY+0.0%

5Y CAGR+0.0%

10Y CAGR+0.0%

Mays (J.W.), Inc. had 2M shares outstanding in fiscal year 2025. This represents an increase of 0.0% from the prior year.

Margins & Returns

Gross Margin

N/A

Operating Margin

-0.7%

YoY+2.2pp

5Y CAGR+5.7pp

Mays (J.W.), Inc.'s operating margin was -0.7% in fiscal year 2025, reflecting core business profitability. This is up 2.2 percentage points from the prior year.

Net Margin

-0.6%

YoY+1.3pp

5Y CAGR+4.0pp

Mays (J.W.), Inc.'s net profit margin was -0.6% in fiscal year 2025, showing the share of revenue converted to profit. This is up 1.3 percentage points from the prior year.

Return on Equity

-0.3%

YoY+0.5pp

5Y CAGR+1.4pp

10Y CAGR-5.0pp

Mays (J.W.), Inc.'s ROE was -0.3% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 0.5 percentage points from the prior year.

Capital Allocation

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

$2.4M

YoY-3.7%

5Y CAGR-17.8%

10Y CAGR-0.3%

Mays (J.W.), Inc. invested $2.4M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 3.7% from the prior year.

MAYS Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$22.5M+4.1%	$21.6M-4.4%	$22.6M+5.5%	$21.4M+5.9%	$20.2M+3.5%	$19.5M
Cost of Revenue	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
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$5.2M-3.1%	$5.3M+1.1%	$5.3M-6.5%	$5.6M+13.9%	$5.0M-2.5%	$5.1M
Operating Income	-$154K+75.1%	-$620K-377.2%	$224K+134.0%	-$657K+21.6%	-$838K+32.4%	-$1.2M
Interest Expense	$152K-31.5%	$222K-3.8%	$231K-8.4%	$252K-5.1%	$266K+31.1%	$203K
Income Tax	-$59K+56.9%	-$137K-121.0%	-$62K+78.6%	-$290K-82.4%	-$159K+55.2%	-$355K
Net Income	-$136K+66.5%	-$407K-390.1%	-$83K+88.4%	-$712K-279.0%	$398K+143.9%	-$906K
EPS (Diluted)	$-0.07+65.0%	$-0.20-400.0%	$-0.04+88.6%	$-0.35	N/A	N/A

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Revenue	$5.2M-0.8%	$5.3M-7.1%	$5.7M+0.4%	$5.6M-0.2%	$5.6M+1.9%	$5.5M+0.9%	$5.5M+2.3%	$5.4M
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	$1.3M+11.4%	$1.2M-14.1%	$1.4M+11.7%	$1.2M-1.0%	$1.3M-3.2%	$1.3M-2.8%	$1.3M+5.1%	$1.3M
Operating Income	-$712K-45.9%	-$488K-255.1%	-$137K-221.6%	$113K+162.1%	-$182K-449.1%	$52K+162.3%	-$84K+46.6%	-$157K
Interest Expense	$31K-1.9%	$32K-0.9%	$32K-5.3%	$34K-13.9%	$40K-13.6%	$46K-34.8%	$70K+31.3%	$54K
Income Tax	-$207K-42.8%	-$145K-245.2%	-$42K-282.6%	$23K+150.0%	-$46K-866.7%	$6K-76.0%	$25K+122.5%	-$111K
Net Income	-$509K-52.4%	-$334K-263.1%	-$92K-206.0%	$87K+155.0%	-$158K-691.5%	$27K+185.8%	-$31K+63.4%	-$85K
EPS (Diluted)	$-0.25-47.1%	$-0.17	N/A	$0.04+150.0%	$-0.08-900.0%	$0.01	N/A	$-0.04

MAYS Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$88.7M+0.2%	$88.5M-2.7%	$91.0M-2.6%	$93.4M-2.8%	$96.0M-3.0%	$99.0M
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$2.2M-5.5%	$2.3M-1.0%	$2.3M-10.3%	$2.6M+24.5%	$2.1M-45.2%	$3.8M
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	$36.3M+2.0%	$35.6M-6.1%	$37.9M-5.2%	$39.9M-5.7%	$42.3M-7.4%	$45.7M
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	$3.2M-9.9%	$3.5M	N/A	N/A	N/A	N/A
Total Equity	$52.4M-0.9%	$52.9M-0.4%	$53.1M-0.6%	$53.4M-0.5%	$53.7M+0.8%	$53.3M
Retained Earnings	$48.2M-1.0%	$48.7M-0.4%	$48.9M-0.7%	$49.2M-0.5%	$49.5M+0.9%	$49.0M

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Total Assets	$88.4M-0.4%	$88.7M+0.8%	$88.0M+0.2%	$87.9M-0.6%	$88.3M-0.2%	$88.5M-1.2%	$89.5M-1.0%	$90.4M
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$434K-80.2%	$2.2M+192.4%	$749K-67.1%	$2.3M+52.9%	$1.5M-35.6%	$2.3M+86.2%	$1.2M+6.2%	$1.2M
Inventory	N/A	N/A	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	N/A	N/A
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$36.5M+0.5%	$36.3M+2.8%	$35.3M+0.8%	$35.0M-1.6%	$35.6M0.0%	$35.6M-2.9%	$36.6M-2.3%	$37.5M
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	$3.2M-1.3%	$3.2M-1.3%	$3.2M-1.2%	$3.3M-1.2%	$3.3M-6.6%	$3.5M-8.4%	$3.9M	N/A
Total Equity	$51.9M-1.0%	$52.4M-0.6%	$52.8M-0.2%	$52.9M+0.2%	$52.8M-0.3%	$52.9M+0.1%	$52.9M-0.1%	$52.9M
Retained Earnings	$47.7M-1.1%	$48.2M-0.7%	$48.5M-0.2%	$48.6M+0.2%	$48.5M-0.3%	$48.7M+0.1%	$48.7M-0.1%	$48.7M

MAYS Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	$2.5M+75.7%	$1.4M-35.4%	$2.2M+31.5%	$1.7M+58.1%	$1.1M-32.0%	$1.6M
Capital Expenditures	$2.4M-3.7%	$2.5M+137.4%	$1.0M-39.6%	$1.7M-23.1%	$2.3M-64.6%	$6.4M
Free Cash Flow	$128K+112.2%	-$1.0M-189.3%	$1.2M+2755.6%	-$44K+96.3%	-$1.2M+75.3%	-$4.8M
Investing Cash Flow	-$2.4M-3969.0%	-$59K+92.8%	-$822K+3.9%	-$856K+54.7%	-$1.9M+70.7%	-$6.5M
Financing Cash Flow	-$655K+49.9%	-$1.3M-4.5%	-$1.3M-4.5%	-$1.2M-4.5%	-$1.1M-128.5%	$4.0M
Dividends Paid	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

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Operating Cash Flow	-$730K-138.0%	$1.9M+332.4%	-$827K-142.9%	$1.9M+603.0%	-$383K-121.3%	$1.8M+227.2%	-$1.4M-172.2%	$2.0M
Capital Expenditures	$984K+139.1%	$411K-38.5%	$669K-36.9%	$1.1M+422.9%	$203K-55.9%	$460K+9.2%	$421K-64.1%	$1.2M
Free Cash Flow	-$1.7M-213.4%	$1.5M+201.0%	-$1.5M-272.3%	$868K+248.1%	-$586K-143.7%	$1.3M+173.0%	-$1.8M-332.8%	$790K
Investing Cash Flow	-$984K-139.1%	-$411K+38.5%	-$669K+36.9%	-$1.1M-422.9%	-$203K+55.9%	-$460K-125.2%	$1.8M+255.8%	-$1.2M
Financing Cash Flow	-$41K-1.0%	-$41K-1.0%	-$40K-1.0%	-$40K+83.4%	-$239K+28.8%	-$336K-1.1%	-$332K-1.1%	-$329K
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

MAYS Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	-0.7%+2.2pp	-2.9%-3.9pp	1.0%+4.1pp	-3.1%+1.1pp	-4.1%+2.2pp	-6.3%
Net Margin	-0.6%+1.3pp	-1.9%-1.5pp	-0.4%+3.0pp	-3.3%-5.3pp	2.0%+6.6pp	-4.6%
Return on Equity	-0.3%+0.5pp	-0.8%-0.6pp	-0.2%+1.2pp	-1.3%-2.1pp	0.7%+2.4pp	-1.7%
Return on Assets	-0.1%+0.3pp	-0.5%-0.4pp	-0.1%+0.7pp	-0.8%-1.2pp	0.4%+1.3pp	-0.9%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	0.060.0	0.07-0.6	0.71-0.0	0.75-0.0	0.79-0.1	0.86
FCF Margin	0.6%+5.4pp	-4.9%-10.1pp	5.2%+5.4pp	-0.2%+5.7pp	-5.9%+18.7pp	-24.5%

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	-13.7%-4.4pp	-9.3%-6.9pp	-2.4%-4.4pp	2.0%+5.2pp	-3.2%-4.2pp	0.9%+2.5pp	-1.5%+1.4pp	-2.9%
Net Margin	-9.8%-3.4pp	-6.4%-4.7pp	-1.6%-3.2pp	1.5%+4.3pp	-2.8%-3.3pp	0.5%+1.0pp	-0.6%+1.0pp	-1.6%
Return on Equity	-1.0%-0.3pp	-0.6%-0.5pp	-0.2%-0.3pp	0.2%+0.5pp	-0.3%-0.4pp	0.1%+0.1pp	-0.1%+0.1pp	-0.2%
Return on Assets	-0.6%-0.2pp	-0.4%-0.3pp	-0.1%-0.2pp	0.1%+0.3pp	-0.2%-0.2pp	0.0%+0.1pp	-0.0%+0.1pp	-0.1%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	0.060.0	0.060.0	0.060.0	0.060.0	0.060.0	0.070.0	0.07-0.6	0.71
FCF Margin	-32.9%-61.7pp	28.8%+55.2pp	-26.5%-41.9pp	15.4%+25.8pp	-10.4%-34.6pp	24.2%+57.7pp	-33.5%-48.2pp	14.7%

Frequently Asked Questions

What is Mays (J.W.), Inc.'s annual revenue?

Mays (J.W.), Inc. (MAYS) reported $22.5M in total revenue for fiscal year 2025. This represents a 4.1% 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 Mays (J.W.), Inc.'s revenue growing?

Mays (J.W.), Inc. (MAYS) revenue grew by 4.1% year-over-year, from $21.6M to $22.5M in fiscal year 2025.

Is Mays (J.W.), Inc. profitable?

No, Mays (J.W.), Inc. (MAYS) reported a net income of -$136K in fiscal year 2025, with a net profit margin of -0.6%.

What is Mays (J.W.), Inc.'s EBITDA?

Mays (J.W.), Inc. (MAYS) had EBITDA of $1.6M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does Mays (J.W.), Inc. have?

As of fiscal year 2025, Mays (J.W.), Inc. (MAYS) had $2.2M in cash and equivalents against $3.2M in long-term debt.

What is Mays (J.W.), Inc.'s operating margin?

Mays (J.W.), Inc. (MAYS) had an operating margin of -0.7% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is Mays (J.W.), Inc.'s net profit margin?

Mays (J.W.), Inc. (MAYS) had a net profit margin of -0.6% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is Mays (J.W.), Inc.'s return on equity (ROE)?

Mays (J.W.), Inc. (MAYS) has a return on equity of -0.3% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Mays (J.W.), Inc.'s free cash flow?

Mays (J.W.), Inc. (MAYS) generated $128K in free cash flow during fiscal year 2025. This represents a 112.2% 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 Mays (J.W.), Inc.'s operating cash flow?

Mays (J.W.), Inc. (MAYS) generated $2.5M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Mays (J.W.), Inc.'s total assets?

Mays (J.W.), Inc. (MAYS) had $88.7M in total assets as of fiscal year 2025, including both current and long-term assets.

What are Mays (J.W.), Inc.'s capital expenditures?

Mays (J.W.), Inc. (MAYS) invested $2.4M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How many shares does Mays (J.W.), Inc. have outstanding?

Mays (J.W.), Inc. (MAYS) had 2M shares outstanding as of fiscal year 2025.

What is Mays (J.W.), Inc.'s debt-to-equity ratio?

Mays (J.W.), Inc. (MAYS) had a debt-to-equity ratio of 0.06 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Mays (J.W.), Inc.'s return on assets (ROA)?

Mays (J.W.), Inc. (MAYS) had a return on assets of -0.1% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Mays (J.W.), Inc.'s Piotroski F-Score?

Mays (J.W.), Inc. (MAYS) has a Piotroski F-Score of 6 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 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Mays (J.W.), Inc.'s earnings high quality?

Mays (J.W.), Inc. (MAYS) has an earnings quality ratio of -18.50x, 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 Mays (J.W.), Inc. cover its interest payments?

Mays (J.W.), Inc. (MAYS) has an interest coverage ratio of -1.0x, 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 Mays (J.W.), Inc.?

Mays (J.W.), Inc. (MAYS) scores 36 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.