What is Prime Meridian's earnings per share (EPS)?

Prime Meridian (PMHG) reported diluted earnings per share of $2.68 for fiscal year 2023. This represents a -11.6% 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.

Prime Meridian Financials

PMHG

Source SEC Filings (10-K/10-Q) Updated Sep 30, 2024 Currency USD FYE December

This page shows Prime Meridian (PMHG) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 11 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 52/100

Based on FY2023 annual data. Scores normalized against common benchmarks. How we calculate these scores

Growth

Prime Meridian's revenue surged 29.9% year-over-year to $39.9M, reflecting rapid business expansion. This strong growth earns a score of 83/100.

Leverage

Prime Meridian has elevated debt relative to equity (D/E of 9.68), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 0/100, reflecting increased financial risk.

Cash Flow

Prime Meridian converts 26.0% of revenue into free cash flow ($10.4M). This strong cash generation earns a score of 90/100.

Returns

Prime Meridian's ROE of 10.9% shows moderate profitability relative to equity, earning a score of 35/100. This is down from 14.4% the prior year.

Piotroski F-Score Neutral

4/9

Prime Meridian passes 4 of 9 financial strength tests. 3 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.

Earnings Quality Cash-Backed

1.21x

For every $1 of reported earnings, Prime Meridian generates $1.21 in operating cash flow ($10.5M OCF vs $8.7M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Key Financial Metrics

Export CSV

Earnings & Revenue

Revenue

$39.9M

YoY+29.9%

5Y CAGR+19.7%

10Y CAGR+19.1%

Prime Meridian generated $39.9M in revenue in fiscal year 2023. This represents an increase of 29.9% from the prior year.

EBITDA

N/A

Net Income

$8.7M

YoY-10.1%

5Y CAGR+16.6%

10Y CAGR+22.5%

Prime Meridian reported $8.7M in net income in fiscal year 2023. This represents a decrease of 10.1% from the prior year.

EPS (Diluted)

$2.68

YoY-11.6%

5Y CAGR+15.7%

10Y CAGR+13.4%

Prime Meridian earned $2.68 per diluted share (EPS) in fiscal year 2023. This represents a decrease of 11.6% from the prior year.

Cash & Balance Sheet

Free Cash Flow

$10.4M

YoY-38.5%

5Y CAGR+10.6%

10Y CAGR+22.3%

Prime Meridian generated $10.4M in free cash flow in fiscal year 2023, representing cash available after capex. This represents a decrease of 38.5% from the prior year.

Cash & Debt

N/A

Dividends Per Share

N/A

Shares Outstanding

YoY+3.0%

5Y CAGR+0.8%

10Y CAGR+8.1%

Prime Meridian had 3M shares outstanding in fiscal year 2023. This represents an increase of 3.0% from the prior year.

Margins & Returns

Gross Margin

N/A

Operating Margin

N/A

Net Margin

21.8%

YoY-9.7pp

5Y CAGR-3.1pp

10Y CAGR+5.3pp

Prime Meridian's net profit margin was 21.8% in fiscal year 2023, showing the share of revenue converted to profit. This is down 9.7 percentage points from the prior year.

Return on Equity

10.9%

YoY-3.6pp

5Y CAGR+2.9pp

10Y CAGR+3.9pp

Prime Meridian's ROE was 10.9% in fiscal year 2023, measuring profit generated per dollar of shareholder equity. This is down 3.6 percentage points from the prior year.

Capital Allocation

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

$178K

YoY-76.0%

5Y CAGR-10.2%

10Y CAGR-12.5%

Prime Meridian invested $178K in capex in fiscal year 2023, funding long-term assets and infrastructure. This represents a decrease of 76.0% from the prior year.

PMHG Income Statement

Metric	FY23	FY22	FY21	FY20	FY19	FY18
Revenue	$39.9M+29.9%	$30.7M+26.0%	$24.4M+12.5%	$21.7M+14.2%	$19.0M+17.0%	$16.2M
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	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
Interest Expense	$10.6M+280.6%	$2.8M+33.6%	$2.1M-30.8%	$3.0M-15.8%	$3.6M+54.7%	$2.3M
Income Tax	$2.7M-10.3%	$3.1M+21.4%	$2.5M+94.4%	$1.3M+18.6%	$1.1M-10.5%	$1.2M
Net Income	$8.7M-10.1%	$9.7M+16.0%	$8.3M+87.2%	$4.5M+25.9%	$3.5M-12.4%	$4.0M
EPS (Diluted)	$2.68-11.6%	$3.03+13.9%	$2.66+87.3%	$1.42+26.8%	$1.12-13.2%	$1.29

Metric	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23	Q2'23	Q1'23	Q4'22
Revenue	$12.7M+8.1%	$11.7M+6.1%	$11.1M+1.8%	$10.9M+6.7%	$10.2M+5.2%	$9.7M+5.2%	$9.2M+1.4%	$9.1M
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	$4.8M+9.4%	$4.3M+10.5%	$3.9M+8.8%	$3.6M+20.6%	$3.0M+28.8%	$2.3M+41.5%	$1.6M+35.9%	$1.2M
Income Tax	$835K+51.0%	$553K-8.3%	$603K+7.3%	$562K-15.9%	$668K-6.3%	$713K-10.5%	$797K-4.6%	$835K
Net Income	$2.6M+46.7%	$1.8M-8.1%	$1.9M+5.5%	$1.8M-13.7%	$2.1M-6.1%	$2.3M-9.8%	$2.5M-5.3%	$2.6M
EPS (Diluted)	$0.78+44.4%	$0.54-8.5%	$0.59	N/A	$0.66-5.7%	$0.70-10.3%	$0.78	N/A

PMHG Balance Sheet

Metric	FY23	FY22	FY21	FY20	FY19	FY18
Total Assets	$854.5M+4.8%	$815.2M-3.1%	$841.1M+29.9%	$647.3M+29.2%	$500.9M+24.7%	$401.7M
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	N/A	N/A	N/A	$69.0M-8.1%	$75.1M+56.3%	$48.0M
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	$774.6M+3.5%	$748.1M-3.4%	$774.1M+31.9%	$587.0M+31.9%	$445.0M+26.8%	$350.9M
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$80.0M+19.3%	$67.1M0.0%	$67.0M+11.2%	$60.3M+7.9%	$55.9M+9.9%	$50.8M
Retained Earnings	$47.2M+26.7%	$37.3M+32.4%	$28.2M+39.0%	$20.3M+25.2%	$16.2M+24.3%	$13.0M

Metric	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23	Q2'23	Q1'23	Q4'22
Total Assets	$931.6M+4.3%	$893.4M+3.6%	$862.7M+1.0%	$854.5M+2.7%	$832.0M+1.3%	$821.0M+0.6%	$816.3M+0.1%	$815.2M
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
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	$843.1M+4.1%	$809.9M+3.7%	$781.2M+0.9%	$774.6M+2.3%	$757.2M+1.4%	$746.9M+0.4%	$743.6M-0.6%	$748.1M
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$88.5M+6.0%	$83.5M+2.5%	$81.4M+1.8%	$80.0M+6.9%	$74.8M+0.8%	$74.2M+2.1%	$72.7M+8.4%	$67.1M
Retained Earnings	$52.7M+5.2%	$50.1M+3.7%	$48.3M+2.4%	$47.2M+4.0%	$45.4M+4.9%	$43.3M+5.5%	$41.0M+10.1%	$37.3M

PMHG Cash Flow Statement

Metric	FY23	FY22	FY21	FY20	FY19	FY18
Operating Cash Flow	$10.5M-40.1%	$17.6M+87.1%	$9.4M+8606.5%	$108K-97.5%	$4.4M-33.4%	$6.6M
Capital Expenditures	$178K-76.0%	$743K+89.5%	$392K-66.3%	$1.2M-68.9%	$3.7M+1128.6%	$304K
Free Cash Flow	$10.4M-38.5%	$16.9M+87.0%	$9.0M+954.1%	-$1.1M-263.3%	$646K-89.7%	$6.3M
Investing Cash Flow	-$49.4M+72.6%	-$180.4M-493.3%	-$30.4M+79.1%	-$145.7M-113.4%	-$68.3M-64.3%	-$41.6M
Financing Cash Flow	$27.5M+189.1%	-$30.9M-116.7%	$185.5M+33.0%	$139.5M+53.4%	$91.0M+79.6%	$50.6M
Dividends Paid	$698K+23.1%	$567K+29.5%	$438K+14.4%	$383K+1.6%	$377K+20.8%	$312K
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23	Q2'23	Q1'23	Q4'22
Operating Cash Flow	$2.6M+4131.1%	$61K-96.9%	$1.9M-48.5%	$3.8M-12.9%	$4.3M+34.5%	$3.2M+506.8%	-$792K-110.0%	$7.9M
Capital Expenditures	$15K-58.3%	$36K-67.3%	$110K+134.0%	$47K-2.1%	$48K+54.8%	$31K-40.4%	$52K+62.5%	$32K
Free Cash Flow	$2.6M+10164.0%	$25K-98.6%	$1.8M-50.8%	$3.7M-13.0%	$4.3M+34.3%	$3.2M+478.1%	-$844K-110.7%	$7.9M
Investing Cash Flow	$9.5M+817.7%	-$1.3M+91.0%	-$14.6M-6.7%	-$13.7M+0.4%	-$13.7M-70.1%	-$8.1M+42.5%	-$14.0M+31.4%	-$20.4M
Financing Cash Flow	$33.6M+17.3%	$28.7M+272.7%	$7.7M-51.6%	$15.9M+59.3%	$10.0M+154.4%	$3.9M+272.5%	-$2.3M+90.4%	-$23.7M
Dividends Paid	$0	$0-100.0%	$818K	$0	$0	$0-100.0%	$698K	$0
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

PMHG Financial Ratios

Metric	FY23	FY22	FY21	FY20	FY19	FY18
Gross Margin	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
Net Margin	21.8%-9.7pp	31.5%-2.7pp	34.2%+13.6pp	20.6%+1.9pp	18.7%-6.2pp	24.9%
Return on Equity	10.9%-3.6pp	14.4%+2.0pp	12.4%+5.1pp	7.4%+1.1pp	6.3%-1.6pp	8.0%
Return on Assets	1.0%-0.2pp	1.2%+0.2pp	1.0%+0.3pp	0.7%-0.0pp	0.7%-0.3pp	1.0%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	9.68-1.5	11.16-0.4	11.55+1.8	9.74+1.8	7.97+1.1	6.90
FCF Margin	26.0%-28.9pp	54.8%+17.9pp	36.9%+41.8pp	-4.9%-8.3pp	3.4%-35.2pp	38.6%

Metric	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23	Q2'23	Q1'23	Q4'22
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	20.5%+5.4pp	15.1%-2.3pp	17.4%+0.6pp	16.8%-4.0pp	20.8%-2.5pp	23.3%-3.9pp	27.2%-2.0pp	29.1%
Return on Equity	2.9%+0.8pp	2.1%-0.2pp	2.4%+0.1pp	2.3%-0.5pp	2.8%-0.2pp	3.0%-0.4pp	3.4%-0.5pp	3.9%
Return on Assets	0.3%+0.1pp	0.2%-0.0pp	0.2%+0.0pp	0.2%-0.0pp	0.3%-0.0pp	0.3%-0.0pp	0.3%-0.0pp	0.3%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	9.53-0.2	9.70+0.1	9.59-0.1	9.68-0.4	10.12+0.1	10.07-0.2	10.23-0.9	11.16
FCF Margin	20.2%+20.0pp	0.2%-16.4pp	16.6%-17.7pp	34.3%-7.8pp	42.1%+9.1pp	33.0%+42.1pp	-9.2%-96.1pp	87.0%

Frequently Asked Questions

What is Prime Meridian's annual revenue?

Prime Meridian (PMHG) reported $39.9M in total revenue for fiscal year 2023. This represents a 29.9% 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 Prime Meridian's revenue growing?

Prime Meridian (PMHG) revenue grew by 29.9% year-over-year, from $30.7M to $39.9M in fiscal year 2023.

Is Prime Meridian profitable?

Yes, Prime Meridian (PMHG) reported a net income of $8.7M in fiscal year 2023, with a net profit margin of 21.8%.

What is Prime Meridian's net profit margin?

Prime Meridian (PMHG) had a net profit margin of 21.8% in fiscal year 2023, representing the share of revenue converted into profit after all expenses.

What is Prime Meridian's return on equity (ROE)?

Prime Meridian (PMHG) has a return on equity of 10.9% for fiscal year 2023, measuring how efficiently the company generates profit from shareholder equity.

What is Prime Meridian's free cash flow?

Prime Meridian (PMHG) generated $10.4M in free cash flow during fiscal year 2023. This represents a -38.5% 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 Prime Meridian's operating cash flow?

Prime Meridian (PMHG) generated $10.5M in operating cash flow during fiscal year 2023, representing cash generated from core business activities.

What are Prime Meridian's total assets?

Prime Meridian (PMHG) had $854.5M in total assets as of fiscal year 2023, including both current and long-term assets.

What are Prime Meridian's capital expenditures?

Prime Meridian (PMHG) invested $178K in capital expenditures during fiscal year 2023, funding long-term assets and infrastructure.

How many shares does Prime Meridian have outstanding?

Prime Meridian (PMHG) had 3M shares outstanding as of fiscal year 2023.

What is Prime Meridian's debt-to-equity ratio?

Prime Meridian (PMHG) had a debt-to-equity ratio of 9.68 as of fiscal year 2023, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Prime Meridian's return on assets (ROA)?

Prime Meridian (PMHG) had a return on assets of 1.0% for fiscal year 2023, measuring how efficiently the company uses its assets to generate profit.

What is Prime Meridian's Piotroski F-Score?

Prime Meridian (PMHG) has a Piotroski F-Score of 4 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 Prime Meridian's earnings high quality?

Prime Meridian (PMHG) has an earnings quality ratio of 1.21x, 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 Prime Meridian?

Prime Meridian (PMHG) scores 52 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.