Financial Snapshot

Revenue
$736.5M
TTM
Gross Margin
45.35%
TTM
Net Earnings
-$15.22M
TTM
Current Assets
Q2 2024
Current Liabilities
Q2 2024
Current Ratio
162.06%
Q2 2024
Total Assets
Q2 2024
Total Liabilities
Q2 2024
Book Value
$734.1M
Q2 2024
Cash
Q2 2024
P/E
-107.0
Sep 13, 2024 EST
Free Cash Flow
$66.63M
TTM

Revenues

Revenues

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Revenue YoY Change

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Revenues

Concept 2023 2022 2021 2020 2019
Revenue $719.6M $766.8M $641.9M $454.1M $497.1M
YoY Change -6.15% 19.46% 41.37% -8.66%

Expenses

Cost Of Revenues

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Gross Profit

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Gross Profit Margin

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Gross Profit

Concept 2023 2022 2021 2020 2019
Revenue $719.6M $766.8M $641.9M $454.1M $497.1M
Cost Of Revenue $384.7M $407.7M $313.2M $217.3M $221.3M
Gross Profit $335.0M $359.1M $328.7M $236.7M $275.8M
Gross Profit Margin 46.55% 46.83% 51.21% 52.14% 55.47%

Selling, General & Admin Expense

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Research & Development

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Depreciation, Depletion & Amortization

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SGA Expense to Gross Profit Ratio

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R&D To Gross Profit Ratio

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DDA To Gross Profit Ratio

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Operating Expenses Total

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Operating Profits/Loss

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Operational Expenses

Concept 2023 2022 2021 2020 2019
Selling, General & Admin $173.8M $175.5M $198.7M $122.6M $147.2M
YoY Change -0.97% -11.7% 62.13% -16.74%
% of Gross Profit 51.87% 48.86% 60.44% 51.77% 53.38%
Research & Development $19.40M $25.11M $21.23M $19.74M $23.62M
YoY Change -22.74% 18.27% 7.55% -16.44%
% of Gross Profit 5.79% 6.99% 6.46% 8.34% 8.57%
Depreciation & Amortization $62.85M $73.14M $82.06M $91.20M $93.80M
YoY Change -14.06% -10.87% -10.02% -2.77%
% of Gross Profit 18.76% 20.37% 24.96% 38.52% 34.01%
Operating Expenses $193.2M $200.6M $219.9M $142.3M $170.8M
YoY Change -3.7% -8.8% 54.56% -16.7%
Operating Profit $46.59M $59.01M $368.0K -$23.10M -$13.37M
YoY Change -21.04% 15933.97% -101.59% 72.75%

Interest Expenses

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Interest Expenses To Operating Income %

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Other Expense/Income

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Interest & Other Expense/Income

Concept 2023 2022 2021 2020 2019
Interest Expense -$36.23M -$29.25M -$30.89M -$42.40M -$46.64M
YoY Change 23.87% -5.3% -27.15% -9.1%
% of Operating Profit -77.76% -49.57% -8393.48%
Other Income/Expense, Net -$34.34M -$30.89M -$29.36M -$40.75M -$45.11M
YoY Change 11.18% 5.22% -27.96% -9.66%

Income/Loss

Pretax Income

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Income Tax

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Net Profits/Loss

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Pretax Income YoY Change

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Income Tax Rate

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Net Profits/Loss YoY Change

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Basic EPS

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Net Income To Revenue Ratio

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Pretax & Net Income

Concept 2023 2022 2021 2020 2019
Pretax Income $12.25M $28.12M -$28.99M -$63.86M -$58.49M
YoY Change -56.43% -196.99% -54.6% 9.18%
Income Tax $12.37M $8.706M -$10.46M -$11.56M -$11.80M
% Of Pretax Income 100.95% 30.96%
Net Earnings -$116.0K $19.41M -$18.53M -$52.29M -$46.68M
YoY Change -100.6% -204.77% -64.57% 12.02%
Net Earnings / Revenue -0.02% 2.53% -2.89% -11.52% -9.39%
Basic Earnings Per Share $0.00 $0.21 -$0.21 -$0.59 -$0.53
Diluted Earnings Per Share $0.00 $0.20 -$0.21 -$0.59 -$0.53

Assets & Liabilities

Cash & Short-Term Investments

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Cash & Equivalents

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Cash To Operating Expenses Ratio

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Inventory

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Receivables

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Total Short-Term Assets

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Property, Plant And Equipment

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Long-Term Investments

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Total Long-Term Assets

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Total Assets

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Net Income To Total Assets Percentage

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Accounts Payable

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Short-Term Debt

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Long Term Debt Due

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Total Short-Term Liabilities

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Long-Term Debt

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Other Long-Term Liabilities

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Total Long-Term Liabilities

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Total Liabilities

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Short-Term To Long-Term Debt Ratio

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Short-Term Assets To Debt Ratio

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Long-Term Debt To Net Income Ratio

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Assets & Liabilities

Concept 2023 2022 2021 2020 2019
Cash & Short-Term Investments $54.22M $103.1M $48.00M $66.63M $50.30M
YoY Change -47.4% 114.79% -27.97% 32.47%
Cash & Equivalents $54.22M $103.1M $48.00M $66.63M $50.30M
Short-Term Investments
Other Short-Term Assets $25.45M $27.09M $24.07M $15.12M $17.28M
YoY Change -6.04% 12.52% 59.23% -12.49%
Inventory
Prepaid Expenses
Receivables $142.2M $139.6M $127.9M $80.38M $80.55M
Other Receivables $2.937M $921.0K $0.00 $750.0K $15.00M
Total Short-Term Assets $224.8M $270.7M $200.0M $162.9M $163.1M
YoY Change -16.95% 35.34% 22.79% -0.15%
Property, Plant & Equipment $14.15M $30.43M $11.12M $14.13M $20.28M
YoY Change -53.5% 173.51% -21.27% -30.33%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $14.89M $15.50M $11.46M $6.762M $6.925M
YoY Change -3.98% 35.33% 69.4% -2.35%
Total Long-Term Assets $1.139B $1.137B $1.172B $1.153B $1.228B
YoY Change 0.18% -3.04% 1.65% -6.06%
Total Assets $1.363B $1.407B $1.372B $1.316B $1.391B
YoY Change
Accounts Payable $38.88M $38.37M $31.13M $14.71M $17.91M
YoY Change 1.32% 23.28% 111.63% -17.89%
Accrued Expenses $68.21M $70.76M $67.97M $35.90M $42.30M
YoY Change -3.61% 4.11% 89.34% -15.13%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $15.00M $7.500M $6.461M $13.15M $6.461M
YoY Change 100.0% 16.08% -50.86% 103.48%
Total Short-Term Liabilities $148.1M $133.7M $129.9M $85.99M $92.16M
YoY Change 10.76% 2.94% 51.08% -6.69%
Long-Term Debt $479.8M $494.0M $499.1M $602.3M $613.1M
YoY Change -2.87% -1.03% -17.13% -1.76%
Other Long-Term Liabilities $19.34M $19.17M $5.024M $15.24M $12.23M
YoY Change 0.86% 281.59% -67.03% 24.62%
Total Long-Term Liabilities $499.1M $513.2M $504.1M $617.5M $625.3M
YoY Change -2.74% 1.79% -18.36% -1.24%
Total Liabilities $661.5M $670.6M $662.6M $732.9M $763.6M
YoY Change -1.36% 1.2% -9.59% -4.02%

Ownership

Basic Shares Outstanding

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Diluted Shares Outstanding

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Preferred Stock

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Treasury Stock Shares

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Stock Issuance & Repurchase

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Ownership Data

Concept 2023 2022 2021 2020 2019
Basic Shares Outstanding 91.59M shares 94.05M shares 90.22M shares 88.35M shares 88.15M shares
Diluted Shares Outstanding 91.59M shares 98.87M shares 90.22M shares 88.35M shares 88.15M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

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Book Value

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Free Cash Flow

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Free Cash Flow YoY

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Dividends

Dividends

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Stock Price

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Market Cap: $1.6286 Billion

About Sterling Check Corp

Sterling Check Corp. engages in the provision of technology-enabled background and identity verification services. The company is headquartered in Independence, Ohio and currently employs 5,700 full-time employees. The company went IPO on 2021-09-23. The firm offers a comprehensive hiring and risk management solution that begins with identity verification, followed by criminal background screening, credential verification, drug and health screening, processing of employee documentation required for onboarding and ongoing risk monitoring. The firm's services are delivered through its purpose-built, cloud-based technology platform that enables organizations with real-time and data-driven insights to conduct and manage employment screening programs. Its interfaces are supported by the Company’s artificial intelligence (AI)-driven fulfillment platform, which leverages more than 3,600 automation integrations, including application programming interfaces (APIs) and robotic process automation (RPA) bots. The firm also provides background screening, drug testing and clinic management, through Vault Workforce Screening.

Industry: Services-Computer Processing & Data Preparation Peers: Insperity Inc Alight Inc First Advantage Corp Robert Half Inc HireRight Holdings Corp KFORCE INC Korn Ferry TrueBlue Inc ManpowerGroup Inc Upwork Inc