Vulcan Infrastructure & Pwr Financials
Vulcan Infrastructure & Pwr (VIP) reported $58.8M in revenue for fiscal year 2025, down 1.3% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 6 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).
FY2025 profit came from balance-sheet repair, not operating self-funding, as cash losses persisted while liquidity tightened.
The least obvious shift is that reported profitability and cash generation moved in opposite directions: FY2025 net income turned positive at$5.3M after a-$19.8M loss in FY2024. Yet operating cash flow worsened to-$15.0M and the current ratio fell to 0.6x from 1.4x, which says the cleaner earnings line was not backed by the core cash engine even as cash on hand increased.
Across FY2023-FY2025, cost cutting outpaced revenue erosion: revenue fell from
Deleveraging came through contraction, not through surplus operating cash: long-term debt fell from
Financial Health Signals
Scored against emerging 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 Vulcan Infrastructure & Pwr'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.
Not available for Vulcan Infrastructure & Pwr, and counted as zero in the overall score.
Vulcan Infrastructure & Pwr scores -9.62, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($32.5M) relative to total liabilities ($99.9M). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Vulcan Infrastructure & Pwr passes 4 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 2 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, Vulcan Infrastructure & Pwr used $2.84 of operating cash (-$15.0M OCF vs $5.3M net income). Earnings that no cash stands behind rest on accounting accruals, which cannot be repeated indefinitely.
Vulcan Infrastructure & Pwr reported an operating loss of $3.8M against $4.0M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.
Key Financial Metrics
Earnings & Revenue
Vulcan Infrastructure & Pwr generated $58.8M in revenue in fiscal year 2025. This represents a decrease of 1.3% from the prior year.
Vulcan Infrastructure & Pwr's EBITDA was $8.0M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 296.4% from the prior year.
Vulcan Infrastructure & Pwr reported $5.3M in net income in fiscal year 2025. This represents an increase of 126.7% from the prior year.
Vulcan Infrastructure & Pwr earned $0.34 per diluted share (EPS) in fiscal year 2025. This represents an increase of 118.1% from the prior year.
Cash & Balance Sheet
Vulcan Infrastructure & Pwr held $19.6M in cash against $43.1M in long-term debt as of fiscal year 2025.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
Margins & Returns
Vulcan Infrastructure & Pwr's operating margin was -6.5% in fiscal year 2025, reflecting core business profitability. This is up 12.8 percentage points from the prior year.
Vulcan Infrastructure & Pwr's net profit margin was 9.0% in fiscal year 2025, showing the share of revenue converted to profit. This is up 42.2 percentage points from the prior year.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
Capital Allocation
None of these metrics is reported for fiscal year 2025.
VIP Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 |
|---|---|---|---|---|---|---|---|
| Revenue | $50.9M | $58.8M-1.3% | $59.5M-15.4% | $70.4M-21.8% | $90.0M-7.5% | $97.3M+383.9% | $20.1M |
| SG&A Expenses | $14.4M | $12.5M-27.7% | $17.3M-33.9% | $26.2M-25.7% | $35.2M+46.9% | $24.0M+329.8% | $5.6M |
| Operating Income | -$12.2M | -$3.8M+66.9% | -$11.4M+32.2% | -$16.9M+92.8% | -$233.2M-811.2% | $32.8M+1346.1% | -$2.6M |
| Interest Expense | $888K | $4.0M-43.1% | $7.1M-44.2% | $12.7M-41.2% | $21.6M+483.8% | $3.7M+516.7% | $600K |
| Income Tax | -$437K | -$479K-594.2% | -$69K | $0-100.0% | $15.0M+89.9% | $7.9M | $0 |
| Net Income | $487K | $5.3M+126.7% | -$19.8M+33.0% | -$29.5M+89.1% | -$271.1M-509.4% | -$44.5M-1252.0% | -$3.3M |
| EPS (Diluted) | — | $0.34+118.1% | -$1.88 | -$4.43 | -$63.97 | -$1.23 | N/A |
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses.
TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
VIP Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 |
|---|---|---|---|---|---|---|
| Total Assets | $53.6M-17.4% | $64.9M-8.9% | $71.2M-56.5% | $163.8M-52.0% | $341.3M+428.5% | $64.6M |
| Current Assets | $34.8M+29.9% | $26.8M+9.7% | $24.4M-26.1% | $33.1M-67.1% | $100.6M+1194.1% | $7.8M |
| Cash & Equivalents | $19.6M+127.1% | $8.6M-35.3% | $13.3M-12.5% | $15.2M-81.6% | $82.6M+1535.0% | $5.1M |
| Accounts Receivable | $2.0M+30.9% | $1.5M+317.0% | $358K-86.7% | $2.7M+1037.6% | $237K-39.2% | $390K |
| Goodwill | N/A | N/A | N/A | N/A | $3.1M | $0 |
| Total Liabilities | $99.9M-17.2% | $120.6M-1.3% | $122.2M-42.0% | $210.8M+63.6% | $128.8M+537.6% | $20.2M |
| Current Liabilities | $63.0M+225.8% | $19.3M-7.8% | $21.0M-78.8% | $98.7M+136.6% | $41.7M+258.5% | $11.6M |
| Long-Term Debt | $43.1M-36.7% | $68.1M-0.9% | $68.7M | N/A | N/A | N/A |
| Total Equity | -$46.3M+16.9% | -$55.8M-9.3% | -$51.0M-8.5% | -$47.0M-122.1% | $212.4M+378.9% | $44.4M |
| Retained Earnings | -$384.5M+1.4% | -$389.7M-5.3% | -$370.0M-8.7% | -$340.5M-390.6% | -$69.4M-178.5% | -$24.9M |
Not reported in any period shown, so not listed: Inventory.
VIP Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 |
|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$20.2M | -$15.0M-24.5% | -$12.0M+0.9% | -$12.2M+16.1% | -$14.5M-136.1% | $40.1M+7095.5% | $557K |
| Investing Cash Flow | $29.8M | $36.6M+1040.1% | -$3.9M | N/A | N/A | -$136.5M-1192.8% | -$10.6M |
| Financing Cash Flow | -$9.8M | -$10.6M-194.4% | $11.2M-18.4% | $13.8M-77.8% | $62.1M-64.3% | $173.9M+5170.5% | $3.3M |
Not reported in any period shown, so not listed: Capital Expenditures, Free Cash Flow, Dividends Paid, Share Buybacks.
TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
VIP Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 |
|---|---|---|---|---|---|---|
| Operating Margin | -6.5%+12.8pp | -19.2%+4.8pp | -24.0% | -259.1% | 33.7%+46.8pp | -13.1% |
| Net Margin | 9.0%+42.2pp | -33.2%+8.7pp | -41.9% | -301.3% | -45.7%-29.3pp | -16.4% |
| Return on Equity | N/A | N/A | N/A | N/A | -20.9%-13.5pp | -7.4% |
| Return on Assets | 9.9%+40.4pp | -30.5%+11.0pp | -41.5%+124.1pp | -165.5%-152.5pp | -13.0%-7.9pp | -5.1% |
| Current Ratio | 0.55-0.8x | 1.39+0.2x | 1.16+0.8x | 0.33-2.1x | 2.41+1.7x | 0.67 |
| Debt-to-Equity | N/A | N/A | N/A | N/A | 0.61+0.2x | 0.46 |
Not reported in any period shown, so not listed: Gross Margin, FCF Margin.
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Operating Margin, Net Margin.
Note: Shareholder equity is negative (-$46.3M), 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.
Note: The current ratio is below 1.0 (0.55), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
Where Vulcan Infrastructure & Pwr Ranks
Frequently Asked Questions
What is Vulcan Infrastructure & Pwr's annual revenue?
Vulcan Infrastructure & Pwr (VIP) reported $58.8M in total revenue for fiscal year 2025. This represents a -1.3% 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 Vulcan Infrastructure & Pwr's revenue growing?
Vulcan Infrastructure & Pwr (VIP) revenue declined by 1.3% year-over-year, from $59.5M to $58.8M in fiscal year 2025.
Is Vulcan Infrastructure & Pwr profitable?
Yes, Vulcan Infrastructure & Pwr (VIP) reported a net income of $5.3M in fiscal year 2025, with a net profit margin of 9.0%.
What is Vulcan Infrastructure & Pwr's EBITDA?
Vulcan Infrastructure & Pwr (VIP) had EBITDA of $8.0M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Vulcan Infrastructure & Pwr have?
As of fiscal year 2025, Vulcan Infrastructure & Pwr (VIP) had $19.6M in cash and equivalents against $43.1M in long-term debt.
What is Vulcan Infrastructure & Pwr's operating margin?
Vulcan Infrastructure & Pwr (VIP) had an operating margin of -6.5% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Vulcan Infrastructure & Pwr's net profit margin?
Vulcan Infrastructure & Pwr (VIP) had a net profit margin of 9.0% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Vulcan Infrastructure & Pwr's operating cash flow?
Vulcan Infrastructure & Pwr (VIP) recorded an outflow of $15.0M in operating cash flow during fiscal year 2025, representing cash used by core business activities.
What are Vulcan Infrastructure & Pwr's total assets?
Vulcan Infrastructure & Pwr (VIP) had $53.6M in total assets as of fiscal year 2025, including both current and long-term assets.
What is Vulcan Infrastructure & Pwr's current ratio?
Vulcan Infrastructure & Pwr (VIP) had a current ratio of 0.55 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.
What is Vulcan Infrastructure & Pwr's return on assets (ROA)?
Vulcan Infrastructure & Pwr (VIP) had a return on assets of 9.9% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Vulcan Infrastructure & Pwr's cash runway?
Based on fiscal year 2025 data, Vulcan Infrastructure & Pwr (VIP) had $19.6M in cash against an annual operating cash burn of $15.0M. This gives an estimated cash runway of approximately 16 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
Why is Vulcan Infrastructure & Pwr's debt-to-equity ratio negative or not reported?
Vulcan Infrastructure & Pwr (VIP) has negative shareholder equity of -$46.3M as of fiscal year 2025, so no debt-to-equity ratio is reported: dividing debt by equity that is not positive produces a number that cannot be read as leverage. 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.
What is Vulcan Infrastructure & Pwr's Altman Z-Score?
Vulcan Infrastructure & Pwr (VIP) has an Altman Z-Score of -9.62, 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.
What is Vulcan Infrastructure & Pwr's Piotroski F-Score?
Vulcan Infrastructure & Pwr (VIP) has a Piotroski F-Score of 4 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 Vulcan Infrastructure & Pwr's earnings high quality?
For every $1 of reported earnings, Vulcan Infrastructure & Pwr (VIP) used $2.84 of operating cash (-$15.0M OCF vs $5.3M net income). Earnings that no cash stands behind rest on accounting accruals, which cannot be repeated indefinitely. 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 Vulcan Infrastructure & Pwr cover its interest payments?
Vulcan Infrastructure & Pwr (VIP) reported an operating loss of $3.8M against $4.0M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. 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 Vulcan Infrastructure & Pwr?
Vulcan Infrastructure & Pwr (VIP) scores 30 out of 100 on our Financial Health Score, indicating weak standing within its emerging companies peer group. The score is a 0-100 composite of six dimensions (Cash Runway, Dilution, R&D Intensity, Revenue Progress, Burn Trend, Balance Sheet), 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.