SEAL-PA Financials

SEAL-PA

Source SEC Filings (10-K/10-Q) Updated Dec 31, 2025 Currency USD FYE December

This page shows SEAL-PA (SEAL-PA) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 18 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 SEAL-PA FY2025 2026-04-22

Cash generation depends more on very low direct costs and changing reinvestment needs than on reported earnings.

From FY2024 to FY2025, free cash flow rose from $138M to $212M even though revenue and operating cash flow both moved lower. The recovery was driven mainly by a reinvestment reset, while interest expense still left net income at only $26M against $165M of interest.

The business keeps an exceptionally high gross margin—98.1% in FY2025 and above 97.0% in the prior two years—so its main earnings swing is not the direct cost of delivering revenue. The FY2024 operating loss therefore points to pressure below the gross-profit line, such as depreciation and financing, rather than a collapse in core unit economics.

The balance-sheet posture is mixed: long-term debt fell to $596M from $882M, which reduces longer-horizon financing strain. But the current ratio slipped to 0.4x, meaning near-term obligations still outweigh liquid resources and the company depends on ongoing cash generation to bridge that gap.

Financial Health Signals

Financial Profile 48/100

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 SEAL-PA'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

SEAL-PA has an operating margin of 20.5%, meaning the company retains $21 of operating profit per $100 of revenue. This results in a moderate score of 55/100, indicating healthy but not exceptional operating efficiency. This is up from -13.3% the prior year.

Growth

SEAL-PA's revenue declined 10.4% year-over-year, from $710.7M to $637.0M. This contraction results in a growth score of 23/100.

Leverage

SEAL-PA carries a low D/E ratio of 0.27, meaning only $0.27 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 96/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

SEAL-PA's current ratio of 0.42 is below the typical benchmark, resulting in a score of 3/100. This tight liquidity could limit financial flexibility if cash inflows slow.

Cash Flow

SEAL-PA converts 33.2% of revenue into free cash flow ($211.6M). This strong cash generation earns a score of 96/100.

Returns

SEAL-PA generates a 1.2% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 15/100. This is up from -4.2% the prior year.

Piotroski F-Score Neutral

5/9

SEAL-PA passes 5 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), 1 of 2 leverage/liquidity signals pass, neither operating efficiency signal passes.

Earnings Quality Cash-Backed

10.50x

For every $1 of reported earnings, SEAL-PA generates $10.50 in operating cash flow ($272.9M OCF vs $26.0M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Interest Coverage At Risk

0.8x

SEAL-PA earns $0.8 in operating income for every $1 of interest expense ($130.9M vs $165.3M). 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

$637.0M

YoY-10.4%

5Y CAGR+1.5%

SEAL-PA generated $637.0M in revenue in fiscal year 2025. This represents a decrease of 10.4% from the prior year.

EBITDA

$274.9M

YoY+470.7%

5Y CAGR-5.0%

10Y CAGR+0.0%

SEAL-PA's EBITDA was $274.9M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 470.7% from the prior year.

Net Income

$26.0M

YoY+127.1%

5Y CAGR-23.2%

10Y CAGR-19.1%

SEAL-PA reported $26.0M in net income in fiscal year 2025. This represents an increase of 127.1% from the prior year.

EPS (Diluted)

N/A

Cash & Balance Sheet

Free Cash Flow

$211.6M

YoY+53.8%

5Y CAGR-18.9%

10Y CAGR+16.0%

SEAL-PA generated $211.6M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 53.8% from the prior year.

Cash & Debt

$122.9M

YoY-20.0%

5Y CAGR-9.9%

10Y CAGR+1.8%

SEAL-PA held $122.9M in cash against $595.9M in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

N/A

Margins & Returns

Gross Margin

98.1%

YoY-0.3pp

5Y CAGR+1.0pp

SEAL-PA's gross margin was 98.1% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 0.3 percentage points from the prior year.

Operating Margin

20.5%

YoY+33.9pp

5Y CAGR-17.7pp

SEAL-PA's operating margin was 20.5% in fiscal year 2025, reflecting core business profitability. This is up 33.9 percentage points from the prior year.

Net Margin

4.1%

YoY+17.6pp

5Y CAGR-12.4pp

SEAL-PA's net profit margin was 4.1% in fiscal year 2025, showing the share of revenue converted to profit. This is up 17.6 percentage points from the prior year.

Return on Equity

1.2%

YoY+5.3pp

5Y CAGR-4.4pp

10Y CAGR-12.9pp

SEAL-PA's ROE was 1.2% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 5.3 percentage points from the prior year.

Capital Allocation

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

$61.3M

YoY-76.2%

5Y CAGR+42.4%

10Y CAGR-10.8%

SEAL-PA invested $61.3M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 76.2% from the prior year.

SEAL-PA Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$637.0M-10.4%	$710.7M-2.2%	$726.8M+16.4%	$624.5M+4.5%	$597.8M+1.1%	$591.1M
Cost of Revenue	$12.1M+4.2%	$11.6M-45.9%	$21.4M-38.1%	$34.6M+22.8%	$28.2M+62.1%	$17.4M
Gross Profit	$624.9M-10.6%	$699.1M-0.9%	$705.4M+19.6%	$589.9M+3.6%	$569.6M-0.7%	$573.7M
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$34.5M+18.4%	$29.1M-5.9%	$30.9M+21.4%	$25.5M-37.9%	$41.0M+52.5%	$26.9M
Operating Income	$130.9M+238.5%	-$94.5M-130.0%	$315.3M+77.8%	$177.3M-28.0%	$246.5M+9.0%	$226.1M
Interest Expense	$165.3M-7.3%	$178.4M-4.8%	$187.5M+36.7%	$137.1M+15.6%	$118.6M-10.7%	$132.8M
Income Tax	$3.1M+225.3%	-$2.5M-124.3%	$10.2M+24.8%	$8.2M+18.9%	$6.9M+97.2%	$3.5M
Net Income	$26.0M+127.1%	-$95.8M-130.2%	$317.7M+31.5%	$241.6M-5.5%	$255.5M+162.6%	$97.3M
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q4'25	Q4'24	Q4'23	Q4'22	Q4'21	Q3'21	Q2'21	Q1'21
Revenue	N/A	N/A	N/A	N/A	N/A	$146.6M-1.5%	$148.8M	N/A
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	$7.2M+13.5%	$6.4M	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	$139.4M-2.1%	$142.4M	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	$12.6M+82.3%	$6.9M	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	$57.6M-11.0%	$64.7M	N/A
Interest Expense	N/A	N/A	N/A	N/A	N/A	$29.5M-1.9%	$30.1M	N/A
Income Tax	N/A	N/A	N/A	N/A	N/A	$2.2M+22.6%	$1.8M	N/A
Net Income	N/A	N/A	N/A	N/A	N/A	$70.3M+25.0%	$56.3M-38.2%	$91.1M
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

SEAL-PA Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$5.1B-4.5%	$5.4B-5.0%	$5.7B-1.9%	$5.8B+20.2%	$4.8B-1.1%	$4.9B
Current Assets	$298.9M+3.1%	$290.1M-5.6%	$307.2M-30.2%	$440.0M+102.4%	$217.4M-17.0%	$262.1M
Cash & Equivalents	$122.9M-20.0%	$153.7M-8.7%	$168.4M-21.9%	$215.7M+134.3%	$92.1M-55.5%	$206.8M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$30.6M+5.4%	$29.1M-7.1%	$31.3M-38.3%	$50.7M+11.4%	$45.5M+496.3%	$7.6M
Goodwill	$37.3M0.0%	$37.3M-7.4%	$40.3M0.0%	$40.3M+15.7%	$34.8M0.0%	$34.8M
Total Liabilities	$2.9B-4.0%	$3.1B+2.9%	$3.0B-12.4%	$3.4B+18.7%	$2.9B-7.7%	$3.1B
Current Liabilities	$706.6M+48.0%	$477.4M+8.5%	$440.1M-45.2%	$803.5M+119.0%	$366.8M-29.6%	$521.3M
Long-Term Debt	$595.9M-32.5%	$882.4M-8.1%	$960.2M+3.6%	$927.3M-24.2%	$1.2B+0.2%	$1.2B
Total Equity	$2.2B-5.1%	$2.3B-13.8%	$2.7B+13.4%	$2.4B+22.4%	$1.9B+10.5%	$1.7B
Retained Earnings	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q4'25	Q4'24	Q4'23	Q4'22	Q4'21	Q3'21	Q2'21	Q1'21
Total Assets	$5.1B-4.5%	$5.4B-5.0%	$5.7B-1.9%	$5.8B+20.2%	$4.8B-0.3%	$4.8B+0.2%	$4.8B	N/A
Current Assets	$298.9M+3.1%	$290.1M-5.6%	$307.2M-30.2%	$440.0M+102.4%	$217.4M+13.5%	$191.5M-8.7%	$209.7M	N/A
Cash & Equivalents	$122.9M-20.0%	$153.7M-8.7%	$168.4M-21.9%	$215.7M+134.3%	$92.1M-16.0%	$109.6M-24.0%	$144.2M	N/A
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$30.6M+5.4%	$29.1M-7.1%	$31.3M-38.3%	$50.7M+11.4%	$45.5M+182.0%	$16.1M+31.9%	$12.2M	N/A
Goodwill	$37.3M0.0%	$37.3M-7.4%	$40.3M0.0%	$40.3M+15.7%	$34.8M0.0%	$34.8M0.0%	$34.8M	N/A
Total Liabilities	$2.9B-4.0%	$3.1B+2.9%	$3.0B-12.4%	$3.4B+18.7%	$2.9B-1.1%	$2.9B-1.3%	$2.9B	N/A
Current Liabilities	$706.6M+48.0%	$477.4M+8.5%	$440.1M-45.2%	$803.5M+119.0%	$366.8M-35.7%	$570.0M+1.4%	$562.0M	N/A
Long-Term Debt	$595.9M-32.5%	$882.4M-8.1%	$960.2M+3.6%	$927.3M-24.2%	$1.2B+18.2%	$1.0B-2.5%	$1.1B	N/A
Total Equity	$2.2B-5.1%	$2.3B-13.8%	$2.7B+13.4%	$2.4B+22.4%	$1.9B+0.9%	$1.9B+2.5%	$1.9B	N/A
Retained Earnings	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

SEAL-PA Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	$272.9M-31.0%	$395.3M+9.0%	$362.7M+31.0%	$276.8M+39.2%	$198.9M-67.6%	$613.5M
Capital Expenditures	$61.3M-76.2%	$257.7M+74.2%	$148.0M+37.0%	$108.0M+157.4%	$42.0M+300.4%	$10.5M
Free Cash Flow	$211.6M+53.8%	$137.6M-35.9%	$214.7M+27.2%	$168.8M+7.6%	$156.9M-74.0%	$603.0M
Investing Cash Flow	N/A	-$200.1M-184.2%	-$70.4M+74.9%	-$280.1M-804.2%	-$31.0M-2002.7%	-$1.5M
Financing Cash Flow	N/A	-$191.6M+48.7%	-$373.8M-393.9%	$127.2M+144.8%	-$283.8M+53.3%	-$607.4M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	$0	$0-100.0%	$15.6M

Metric	Q4'25	Q4'24	Q4'23	Q4'22	Q4'21	Q3'21	Q2'21	Q1'21
Operating Cash Flow	N/A	N/A	N/A	N/A	$61.2M+17.4%	$52.1M	N/A	N/A
Capital Expenditures	N/A	N/A	N/A	N/A	$16.6M+33.2%	$12.5M	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	$44.5M+12.4%	$39.6M	N/A	N/A
Investing Cash Flow	N/A	N/A	N/A	N/A	-$16.0M-27.9%	-$12.5M	N/A	N/A
Financing Cash Flow	N/A	N/A	N/A	N/A	-$58.8M+20.8%	-$74.2M	N/A	N/A
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	$0	$0	N/A	N/A

SEAL-PA Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	98.1%-0.3pp	98.4%+1.3pp	97.0%+2.6pp	94.5%-0.8pp	95.3%-1.8pp	97.1%
Operating Margin	20.5%+33.9pp	-13.3%-56.7pp	43.4%+15.0pp	28.4%-12.8pp	41.2%+3.0pp	38.3%
Net Margin	4.1%+17.6pp	-13.5%-57.2pp	43.7%+5.0pp	38.7%-4.1pp	42.8%+26.3pp	16.5%
Return on Equity	1.2%+5.3pp	-4.2%-16.0pp	11.9%+1.6pp	10.2%-3.0pp	13.3%+7.7pp	5.6%
Return on Assets	0.5%+2.3pp	-1.8%-7.4pp	5.6%+1.4pp	4.2%-1.1pp	5.3%+3.3pp	2.0%
Current Ratio	0.42-0.2	0.61-0.1	0.70+0.2	0.55-0.0	0.59+0.1	0.50
Debt-to-Equity	0.27-0.1	0.38+0.0	0.36-0.0	0.39-0.2	0.63-0.1	0.70
FCF Margin	33.2%+13.9pp	19.4%-10.2pp	29.5%+2.5pp	27.0%+0.8pp	26.2%-75.8pp	102.0%

Metric	Q4'25	Q4'24	Q4'23	Q4'22	Q4'21	Q3'21	Q2'21	Q1'21
Gross Margin	N/A	N/A	N/A	N/A	N/A	95.1%-0.7pp	95.7%	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	39.3%-4.2pp	43.5%	N/A
Net Margin	N/A	N/A	N/A	N/A	N/A	48.0%+10.1pp	37.8%	N/A
Return on Equity	N/A	N/A	N/A	N/A	N/A	3.7%+0.7pp	3.0%	N/A
Return on Assets	N/A	N/A	N/A	N/A	N/A	1.5%+0.3pp	1.2%	N/A
Current Ratio	0.42-0.2	0.61-0.1	0.70+0.2	0.55-0.0	0.59+0.3	0.34-0.0	0.37	N/A
Debt-to-Equity	0.27-0.1	0.38+0.0	0.36-0.0	0.39-0.2	0.63+0.1	0.54-0.0	0.57	N/A
FCF Margin	N/A	N/A	N/A	N/A	N/A	27.0%	N/A	N/A

Note: The current ratio is below 1.0 (0.42), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

Frequently Asked Questions

What is SEAL-PA's annual revenue?

SEAL-PA (SEAL-PA) reported $637.0M in total revenue for fiscal year 2025. This represents a -10.4% 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 SEAL-PA's revenue growing?

SEAL-PA (SEAL-PA) revenue declined by 10.4% year-over-year, from $710.7M to $637.0M in fiscal year 2025.

Is SEAL-PA profitable?

Yes, SEAL-PA (SEAL-PA) reported a net income of $26.0M in fiscal year 2025, with a net profit margin of 4.1%.

What is SEAL-PA's EBITDA?

SEAL-PA (SEAL-PA) had EBITDA of $274.9M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does SEAL-PA have?

As of fiscal year 2025, SEAL-PA (SEAL-PA) had $122.9M in cash and equivalents against $595.9M in long-term debt.

What is SEAL-PA's gross margin?

SEAL-PA (SEAL-PA) had a gross margin of 98.1% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

What is SEAL-PA's operating margin?

SEAL-PA (SEAL-PA) had an operating margin of 20.5% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is SEAL-PA's net profit margin?

SEAL-PA (SEAL-PA) had a net profit margin of 4.1% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is SEAL-PA's return on equity (ROE)?

SEAL-PA (SEAL-PA) has a return on equity of 1.2% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is SEAL-PA's free cash flow?

SEAL-PA (SEAL-PA) generated $211.6M in free cash flow during fiscal year 2025. This represents a 53.8% 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 SEAL-PA's operating cash flow?

SEAL-PA (SEAL-PA) generated $272.9M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are SEAL-PA's total assets?

SEAL-PA (SEAL-PA) had $5.1B in total assets as of fiscal year 2025, including both current and long-term assets.

What are SEAL-PA's capital expenditures?

SEAL-PA (SEAL-PA) invested $61.3M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

What is SEAL-PA's current ratio?

SEAL-PA (SEAL-PA) had a current ratio of 0.42 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.

What is SEAL-PA's debt-to-equity ratio?

SEAL-PA (SEAL-PA) had a debt-to-equity ratio of 0.27 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is SEAL-PA's return on assets (ROA)?

SEAL-PA (SEAL-PA) had a return on assets of 0.5% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is SEAL-PA's Piotroski F-Score?

SEAL-PA (SEAL-PA) 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 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are SEAL-PA's earnings high quality?

SEAL-PA (SEAL-PA) has an earnings quality ratio of 10.50x, 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 SEAL-PA cover its interest payments?

SEAL-PA (SEAL-PA) has an interest coverage ratio of 0.8x, 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 SEAL-PA?

SEAL-PA (SEAL-PA) scores 48 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.