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Superior Inds Financials

SSUP
Source SEC Filings (10-K/10-Q) Updated Sep 30, 2025 Currency USD FYE December

This page shows Superior Inds (SSUP) 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 SSUP FY2024

Thin gross margins make earnings highly sensitive, while balance-sheet repair in FY2024 consumed cash faster than operations replenished it.

In FY2024 deleveraging, long-term debt fell by $129M while cash fell by $162M. With operating cash flow at only $18.3M, that balance-sheet repair appears to have come mainly from using liquidity and shrinking assets rather than from internally generated cash.

Small gross-margin moves have outsized effects here. Gross margin improved from 8.4% in FY2023 to 8.7% in FY2024. That small change still flipped operating margin from -3.7% to 2.3% even as revenue fell, which is the pattern of a low-spread operation where overhead absorption matters as much as volume.

Near-term liquidity and overall solvency are moving in different directions. The current ratio held at 1.6x, which suggests upcoming obligations were still covered. But liabilities exceeded assets by $276M and free cash flow turned to -$10M, so the company had workable day-to-day liquidity with only a thin balance-sheet buffer.

[ NOT FINANCIAL ADVICE ]

Financial Health Signals

Profitability Growth Leverage Liquidity Cash Flow Returns 24 / 100
Financial Profile 24/100

Based on FY2024 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 Superior Inds'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
25

Superior Inds has an operating margin of 2.3%, meaning the company retains $2 of operating profit per $100 of revenue. This below-average margin results in a low score of 25/100, suggesting thin profitability after operating expenses. This is up from -3.7% the prior year.

Growth
13

Superior Inds's revenue declined 8.5% year-over-year, from $1.4B to $1.3B. This contraction results in a growth score of 13/100.

Leverage
52

Superior Inds has a moderate D/E ratio of -1.74. This balance of debt and equity financing earns a leverage score of 52/100.

Liquidity
27

Superior Inds's current ratio of 1.58 is below the typical benchmark, resulting in a score of 27/100. This tight liquidity could limit financial flexibility if cash inflows slow.

Cash Flow
28

While Superior Inds generated $18.3M in operating cash flow, capex of $28.3M consumed most of it, leaving -$10.0M in free cash flow. This results in a low score of 28/100, reflecting heavy capital investment rather than weak cash generation.

Altman Z-Score Distress
1.46

Superior Inds scores 1.46, below the 1.81 distress threshold. This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.

Piotroski F-Score Neutral
4/9

Superior Inds passes 4 of 9 financial strength tests. 2 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.

Earnings Quality Mixed
-0.23x

For every $1 of reported earnings, Superior Inds generates $-0.23 in operating cash flow ($18.3M OCF vs -$78.2M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.

Key Financial Metrics

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Earnings & Revenue

Revenue
$1.3B
YoY-8.5%
5Y CAGR-1.6%
10Y CAGR+5.5%

Superior Inds generated $1.3B in revenue in fiscal year 2024. This represents a decrease of 8.5% from the prior year.

EBITDA
$115.7M
YoY+178.4%
5Y CAGR+18.0%
10Y CAGR+8.0%

Superior Inds's EBITDA was $115.7M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 178.4% from the prior year.

Net Income
-$78.2M
YoY+15.8%

Superior Inds reported -$78.2M in net income in fiscal year 2024. This represents an increase of 15.8% from the prior year.

EPS (Diluted)
$-4.25
YoY+10.1%

Superior Inds earned $-4.25 per diluted share (EPS) in fiscal year 2024. This represents an increase of 10.1% from the prior year.

Cash & Balance Sheet

Free Cash Flow
-$10.0M
YoY-142.8%

Superior Inds generated -$10.0M in free cash flow in fiscal year 2024, representing cash available after capex. This represents a decrease of 142.8% from the prior year.

Cash & Debt
$40.1M
YoY-80.1%
5Y CAGR-12.4%
10Y CAGR-4.3%

Superior Inds held $40.1M in cash against $481.4M in long-term debt as of fiscal year 2024.

Dividends Per Share
N/A
Shares Outstanding
29M
YoY+2.8%
5Y CAGR+2.8%
10Y CAGR+0.8%

Superior Inds had 29M shares outstanding in fiscal year 2024. This represents an increase of 2.8% from the prior year.

Margins & Returns

Gross Margin
8.7%
YoY+0.4pp
5Y CAGR+0.3pp
10Y CAGR+2.0pp

Superior Inds's gross margin was 8.7% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is up 0.4 percentage points from the prior year.

Operating Margin
2.3%
YoY+6.0pp
5Y CAGR+6.0pp
10Y CAGR-0.1pp

Superior Inds's operating margin was 2.3% in fiscal year 2024, reflecting core business profitability. This is up 6.0 percentage points from the prior year.

Net Margin
-6.2%
YoY+0.5pp
5Y CAGR+0.9pp
10Y CAGR-7.3pp

Superior Inds's net profit margin was -6.2% in fiscal year 2024, showing the share of revenue converted to profit. This is up 0.5 percentage points from the prior year.

Return on Equity
N/A

Capital Allocation

R&D Spending
N/A
Share Buybacks
N/A
Capital Expenditures
$28.3M
YoY-31.3%
5Y CAGR-15.1%
10Y CAGR-12.9%

Superior Inds invested $28.3M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents a decrease of 31.3% from the prior year.

SSUP Income Statement

Metric Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24 Q4'23
Revenue $178.2M-14.3% $207.9M-35.4% $321.6M+3.6% $310.3M-3.5% $321.8M+0.9% $319.0M+0.9% $316.3M+2.5% $308.6M
Cost of Revenue $207.4M-9.6% $229.3M-24.9% $305.5M+8.6% $281.2M-4.1% $293.1M+2.0% $287.3M-2.6% $295.1M+0.5% $293.8M
Gross Profit -$29.2M-36.1% -$21.4M-233.2% $16.1M-44.7% $29.1M+1.7% $28.6M-9.4% $31.6M+49.5% $21.1M+42.4% $14.8M
R&D Expenses N/A N/A N/A N/A N/A N/A N/A N/A
SG&A Expenses $26.4M+6.0% $24.9M+60.6% $15.5M+2.0% $15.2M-36.5% $23.9M+11.8% $21.4M+2.6% $20.8M-39.2% $34.3M
Operating Income -$55.5M+50.9% -$113.2M-18301.8% $622K-95.5% $14.0M+194.9% $4.7M-53.8% $10.2M+3162.4% $314K+101.6% -$19.4M
Interest Expense N/A N/A N/A N/A N/A N/A N/A N/A
Income Tax $4.9M-89.3% $45.5M+935.7% -$5.4M-449.2% $1.6M+78.1% $875K-86.4% $6.4M-61.4% $16.6M+151.0% -$32.7M
Net Income -$85.0M+53.1% -$181.1M-1300.4% -$12.9M-35.3% -$9.6M+61.4% -$24.8M-122.5% -$11.1M+66.0% -$32.7M-1252.7% -$2.4M
EPS (Diluted) $-3.03+54.5% $-6.66-623.9% $-0.92 N/A $-1.24-65.3% $-0.75+50.7% $-1.52 N/A

SSUP Balance Sheet

Metric Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24 Q4'23
Total Assets $592.0M-6.1% $630.3M-17.5% $763.8M+3.2% $740.1M-7.7% $801.7M-16.0% $953.8M-5.1% $1.0B-2.4% $1.0B
Current Assets $284.0M-11.4% $320.7M-4.3% $335.1M+8.5% $308.8M-4.3% $322.6M-29.2% $455.6M-3.8% $473.5M+3.0% $459.9M
Cash & Equivalents $60.6M-28.9% $85.3M+56.6% $54.5M+35.8% $40.1M+65.2% $24.3M-85.9% $172.3M-9.8% $191.1M-5.2% $201.6M
Inventory $124.2M-3.3% $128.3M-11.9% $145.6M-0.1% $145.7M0.0% $145.7M-1.1% $147.4M-1.1% $149.0M+3.1% $144.6M
Accounts Receivable $74.3M+1.7% $73.0M+0.4% $72.7M+4.6% $69.5M-32.9% $103.6M+31.2% $79.0M+19.4% $66.2M+17.3% $56.4M
Goodwill N/A N/A N/A N/A N/A N/A N/A N/A
Total Liabilities $1.1B+6.1% $1.1B+2.1% $1.1B+3.6% $1.0B-1.7% $1.0B-8.6% $1.1B+0.2% $1.1B+1.1% $1.1B
Current Liabilities $762.1M+320.5% $181.2M-19.3% $224.5M+14.6% $195.9M-10.7% $219.5M-50.3% $441.8M+108.3% $212.2M+6.7% $198.9M
Long-Term Debt $524K-99.9% $537.5M+11.6% $481.8M+0.1% $481.4M-0.4% $483.3M+30.0% $371.7M-38.6% $605.0M-0.9% $610.6M
Total Equity -$548.3M-23.3% -$444.7M-54.1% -$288.7M-4.5% -$276.2M-19.1% -$231.8M-31.4% -$176.4M-43.6% -$122.9M-43.0% -$85.9M
Retained Earnings -$626.5M-19.5% -$524.5M-60.1% -$327.6M-8.9% -$300.8M-7.7% -$279.2M-14.7% -$243.4M-9.7% -$221.9M-24.0% -$179.0M

SSUP Cash Flow Statement

Metric Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24 Q4'23
Operating Cash Flow -$78.1M-347.0% -$17.5M-174.3% $23.5M-10.2% $26.2M+889.9% -$3.3M+58.7% -$8.0M-331.0% $3.5M-92.2% $44.3M
Capital Expenditures $7.0M+18.1% $5.9M-0.3% $6.0M-18.3% $7.3M+18.8% $6.1M-25.3% $8.2M+24.3% $6.6M-43.3% $11.7M
Free Cash Flow -$85.1M-263.4% -$23.4M-233.5% $17.5M-7.0% $18.9M+299.6% -$9.5M+41.8% -$16.2M-415.9% -$3.1M-109.6% $32.7M
Investing Cash Flow -$7.0M-18.1% -$5.9M+0.3% -$6.0M+18.3% -$7.3M-18.8% -$6.1M+25.3% -$8.2M-24.3% -$6.6M+43.3% -$11.7M
Financing Cash Flow $60.3M+17.7% $51.2M+1275.5% -$4.4M-189.5% -$1.5M+98.9% -$138.7M-8874.1% -$1.5M+76.4% -$6.5M+30.9% -$9.5M
Dividends Paid N/A N/A N/A $3K-90.0% $30K-33.3% $45K-98.7% $3.3M-51.0% $6.8M
Share Buybacks N/A N/A N/A N/A N/A N/A N/A N/A

SSUP Financial Ratios

Metric Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24 Q4'23
Gross Margin -16.4%-6.1pp -10.3%-15.3pp 5.0%-4.4pp 9.4%+0.5pp 8.9%-1.0pp 9.9%+3.2pp 6.7%+1.9pp 4.8%
Operating Margin -31.2%+23.3pp -54.5%-54.6pp 0.2%-4.3pp 4.5%+3.0pp 1.5%-1.7pp 3.2%+3.1pp 0.1%+6.4pp -6.3%
Net Margin -47.7%+39.4pp -87.1%-83.1pp -4.0%-0.9pp -3.1%+4.6pp -7.7%-4.2pp -3.5%+6.9pp -10.3%-9.6pp -0.8%
Return on Equity N/A N/A N/A N/A N/A N/A N/A N/A
Return on Assets -14.4%+14.4pp -28.7%-27.0pp -1.7%-0.4pp -1.3%+1.8pp -3.1%-1.9pp -1.2%+2.1pp -3.3%-3.0pp -0.2%
Current Ratio 0.37-1.4 1.77+0.3 1.49-0.1 1.58+0.1 1.47+0.4 1.03-1.2 2.23-0.1 2.31
Debt-to-Equity -0.00+1.2 -1.21+0.5 -1.67+0.1 -1.74+0.3 -2.08+0.0 -2.11+2.8 -4.92+2.2 -7.11
FCF Margin -47.8%-36.5pp -11.3%-16.7pp 5.5%-0.6pp 6.1%+9.0pp -2.9%+2.2pp -5.1%-4.1pp -1.0%-11.6pp 10.6%

Note: Shareholder equity is negative (-$276.2M), which causes debt-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.

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Frequently Asked Questions

Superior Inds (SSUP) reported $1.3B in total revenue for fiscal year 2024. This represents a -8.5% 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.

Superior Inds (SSUP) revenue declined by 8.5% year-over-year, from $1.4B to $1.3B in fiscal year 2024.

No, Superior Inds (SSUP) reported a net income of -$78.2M in fiscal year 2024, with a net profit margin of -6.2%.

Superior Inds (SSUP) reported diluted earnings per share of $-4.25 for fiscal year 2024. This represents a 10.1% 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.

Superior Inds (SSUP) had EBITDA of $115.7M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.

As of fiscal year 2024, Superior Inds (SSUP) had $40.1M in cash and equivalents against $481.4M in long-term debt.

Superior Inds (SSUP) had a gross margin of 8.7% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.

Superior Inds (SSUP) had an operating margin of 2.3% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.

Superior Inds (SSUP) had a net profit margin of -6.2% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.

Superior Inds (SSUP) generated -$10.0M in free cash flow during fiscal year 2024. This represents a -142.8% 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.

Superior Inds (SSUP) generated $18.3M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

Superior Inds (SSUP) had $740.1M in total assets as of fiscal year 2024, including both current and long-term assets.

Superior Inds (SSUP) invested $28.3M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.

Superior Inds (SSUP) had 29M shares outstanding as of fiscal year 2024.

Superior Inds (SSUP) had a current ratio of 1.58 as of fiscal year 2024, which is generally considered healthy.

Superior Inds (SSUP) had a debt-to-equity ratio of -1.74 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

Superior Inds (SSUP) had a return on assets of -10.6% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

Superior Inds (SSUP) has negative shareholder equity of -$276.2M as of fiscal year 2024, which causes the debt-to-equity ratio to appear negative or not meaningful. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.

Superior Inds (SSUP) has an Altman Z-Score of 1.46, placing it in the Distress Zone (elevated 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.

Superior Inds (SSUP) 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 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Superior Inds (SSUP) has an earnings quality ratio of -0.23x, 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.

Superior Inds (SSUP) scores 24 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.

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