Steel Partners Holdings L.P. - Understand $splp stock

$SPLP Market Cap: $838.6 Million

Research Board Inbox Deep Research Not Interested Shortlisted

Financial Snapshot

Revenue

$1.997B

TTM

Gross Margin

42.79%

TTM

Net Earnings

$228.2M

TTM

Current Assets

$2.318B

Q3 2024

Current Liabilities

$1.821B

Q3 2024

Current Ratio

127.32%

Q3 2024

Total Assets

$3.634B

Q3 2024

Total Liabilities

$2.550B

Q3 2024

Book Value

$1.084B

Q3 2024

Cash

$388.1M

Q3 2024

P/E

3.674

Nov 29, 2024 EST

Free Cash Flow

$307.2M

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009
Revenue	$1.905B	$1.695B	$1.525B	$1.311B	$1.562B	$1.585B	$1.372B	$1.164B	$965.1M	$847.3M	$721.1M	$630.8M	$624.2M	$406.4M	-$44.60M
YoY Change	12.39%	11.18%	16.35%	-16.08%	-1.44%	15.49%	17.92%	20.57%	13.9%	17.49%	14.32%	1.06%	53.59%	-1011.2%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009
Revenue	$1.905B	$1.695B	$1.525B	$1.311B	$1.562B	$1.585B	$1.372B	$1.164B	$965.1M	$847.3M	$721.1M	$630.8M	$624.2M	$406.4M	-$44.60M
Cost Of Revenue	$1.103B	$1.097B	$1.004B	$859.9M	$952.1M	$1.110B	$958.5M	$815.6M	$670.0M	$588.2M	$496.8M	$416.8M	$441.0M	$277.5M	$0.00
Gross Profit	$802.4M	$598.5M	$520.8M	$450.8M	$609.7M	$474.6M	$413.5M	$348.0M	$295.0M	$259.1M	$224.4M	$213.9M	$183.2M	$128.9M	-$44.60M
Gross Profit Margin	42.11%	35.3%	34.15%	34.39%	39.04%	29.95%	30.14%	29.91%	30.57%	30.58%	31.11%	33.92%	29.35%	31.73%

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009
Selling, General & Admin	$505.0M	$383.4M	$304.0M	$290.8M	$334.6M	$352.8M	$337.7M	$282.3M	$230.2M	$188.4M	$202.1M	$155.5M	$137.8M	$83.61M	$14.30M
YoY Change	31.71%	26.11%	4.55%	-13.09%	-5.17%	4.46%	19.63%	22.63%	22.22%	-6.81%	29.96%	12.86%	64.82%	484.66%
% of Gross Profit	62.93%	64.06%	58.37%	64.51%	54.87%	74.33%	81.67%	81.13%	78.03%	72.71%	90.09%	72.69%	75.21%	64.84%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$56.57M	$53.76M	$60.52M	$65.33M	$66.18M	$80.32M	$71.94M	$70.55M	$48.56M	$38.44M	$30.99M	$24.75M	$20.74M	$13.43M	$200.0K
YoY Change	5.23%	-11.18%	-7.37%	-1.28%	-17.61%	11.66%	1.97%	45.28%	26.33%	24.03%	25.21%	19.35%	54.45%	6613.5%
% of Gross Profit	7.05%	8.98%	11.62%	14.49%	10.85%	16.92%	17.4%	20.27%	16.46%	14.84%	13.81%	11.57%	11.32%	10.41%
Operating Expenses	$548.7M	$383.4M	$304.0M	$290.8M	$1.534B	$1.594B	$1.332B	$1.141B	$941.7M	$822.0M	$704.6M	$598.8M	$580.8M	$393.7M	$22.20M
YoY Change	43.11%	26.11%	4.55%	-81.04%	-3.77%	19.71%	16.69%	21.18%	14.56%	16.66%	17.67%	3.11%	47.49%	1673.63%
Operating Profit	$253.8M	$215.1M	$216.8M	$160.0M	-$924.3M	-$1.119B	-$918.1M	-$793.1M	-$646.7M	-$562.9M	-$480.2M	-$384.9M	-$397.5M	-$264.8M	-$66.80M
YoY Change	17.96%	-0.77%	35.5%	-117.31%	-17.43%	21.93%	15.75%	22.65%	14.88%	17.22%	24.78%	-3.19%	50.13%	296.41%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009
Interest Expense	-$91.76M	$20.65M	$22.25M	$29.51M	$38.84M	$39.23M	$22.80M	$11.05M	$8.862M	$11.07M	$10.45M	$14.80M	$12.42M	$12.12M	-$3.100M
YoY Change	-544.37%	-7.2%	-24.61%	-24.0%	-1.02%	72.05%	106.33%	24.71%	-19.97%	5.92%	-29.38%	19.16%	2.48%	-491.06%
% of Operating Profit	-36.16%	9.6%	10.26%	18.45%
Other Income/Expense, Net														$400.0K	-$6.600M
YoY Change														-106.06%

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009
Pretax Income	$161.2M	$275.5M	$200.9M	$125.4M	$132.9M	$20.30M	$57.31M	$26.52M	-$8.408M	$6.716M	$44.85M	$56.80M	$13.68M	$19.32M	-$66.90M
YoY Change	-41.49%	37.16%	60.18%	-5.62%	554.43%	-64.57%	116.08%	-415.45%	-225.19%	-85.03%	-21.04%	315.14%	-29.19%	-128.88%
Income Tax	-$1.674M	$73.94M	$84.09M	$38.14M	$14.56M	$12.56M	$51.30M	$23.95M	-$78.72M	$24.29M	$6.477M	$13.07M	-$64.97M	$2.522M	-$800.0K
% Of Pretax Income	-1.04%	26.84%	41.86%	30.41%	10.96%	61.86%	89.51%	90.31%		361.64%	14.44%	23.01%	-474.81%	13.05%
Net Earnings	$150.8M	$206.0M	$131.4M	$72.68M	-$1.597M	-$32.60M	-$16.00K	$6.630M	$136.7M	-$7.555M	$19.46M	$41.02M	$35.47M	$31.75M	-$61.00M
YoY Change	-26.77%	56.74%	80.82%	-4650.72%	-95.1%	203675.0%	-100.24%	-95.15%	-1909.86%	-138.82%	-52.56%	15.64%	11.72%	-152.04%
Net Earnings / Revenue	7.92%	12.15%	8.62%	5.55%	-0.1%	-2.06%	0.0%	0.57%	14.17%	-0.89%	2.7%	6.5%	5.68%	7.81%
Basic Earnings Per Share
Diluted Earnings Per Share	$5.94	$7.66	$4.544M	$1.414M	-$64.00K	-$1.254M	$0.00	$249.1K	$4.989M	-$264.8K	$603.9K	$741.6K	$1.202M	$1.153M	-$2.421M

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010
Cash & Short-Term Investments	$577.9M	$234.4M	$325.4M	$135.9M	$138.2M	$336.3M	$477.1M	$503.8M	$266.7M	$327.4M	$382.5M	$397.2M	$127.0M	$194.5M
YoY Change	146.51%	-27.94%	139.41%	-1.66%	-58.91%	-29.51%	-5.3%	88.9%	-18.54%	-14.41%	-3.7%	212.76%	-34.7%
Cash & Equivalents	$577.9M	$234.4M	$325.4M	$135.8M	$137.9M	$334.9M	$418.8M	$450.1M	$185.9M	$189.0M	$204.0M	$198.0M	$127.0M	$180.7M
Short-Term Investments			$0.00	$100.0K	$200.0K	$1.400M	$58.30M	$53.70M	$80.80M	$138.5M	$178.5M	$199.1M	$0.00	$13.80M
Other Short-Term Assets	$42.62M	$28.19M	$48.02M	$58.10M	$82.80M	$45.20M	$37.80M	$38.00M	$69.60M	$143.1M	$141.6M	$90.80M	$126.5M	$191.8M
YoY Change	51.17%	-41.29%	-17.35%	-29.83%	83.19%	19.58%	-0.53%	-45.4%	-51.36%	1.06%	55.95%	-28.22%	-34.05%
Inventory	$202.3M	$214.1M	$184.3M	$137.1M	$148.5M	$158.9M	$142.6M	$119.2M	$102.3M	$64.10M	$60.10M	$53.20M	$50.20M	$50.80M
Prepaid Expenses
Receivables	$222.0M	$196.8M	$196.9M	$166.2M	$172.0M	$210.0M	$188.8M	$163.2M	$114.1M	$86.40M	$84.00M	$85.60M	$80.60M	$68.00M
Other Receivables	$1.583B	$1.132B	$529.5M	$306.1M	$548.5M	$341.9M	$182.3M	$91.30M	$166.8M	$43.40M	$32.10M	$54.10M	$40.10M	$17.60M
Total Short-Term Assets	$2.627B	$1.805B	$1.284B	$803.3M	$1.090B	$1.092B	$1.029B	$915.5M	$719.5M	$664.4M	$700.1M	$680.8M	$424.5M	$522.7M
YoY Change	45.54%	40.58%	59.85%	-26.3%	-0.22%	6.19%	12.35%	27.24%	8.29%	-5.1%	2.83%	60.38%	-18.79%
Property, Plant & Equipment	$330.7M	$281.2M	$271.6M	$258.7M	$284.5M	$297.5M	$272.0M	$261.4M	$255.4M	$184.3M	$182.1M	$186.2M	$121.9M	$91.60M
YoY Change	17.6%	3.54%	4.99%	-9.07%	-4.37%	9.38%	4.06%	2.35%	38.58%	1.21%	-2.2%	52.75%	33.08%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$41.23M	$309.7M	$261.1M	$291.3M	$275.8M	$258.0M	$236.1M	$120.1M	$167.2M	$312.0M	$295.4M	$199.9M	$320.9M	$305.4M
YoY Change	-86.69%	18.62%	-10.37%	5.62%	6.9%	9.28%	96.59%	-28.17%	-46.41%	5.62%	47.77%	-37.71%	5.08%
Other Assets	$342.0M	$195.9M	$79.14M	$108.6M	$177.2M	$176.4M	$170.1M	$213.3M	$239.8M	$91.30M	$76.10M	$101.4M	$93.30M	$19.50M
YoY Change	74.64%	147.47%	-27.12%	-38.71%	0.45%	3.7%	-20.25%	-11.05%	162.65%	19.97%	-24.95%	8.68%	378.46%
Total Long-Term Assets	$1.363B	$1.431B	$1.391B	$3.131B	$1.242B	$1.264B	$1.135B	$1.052B	$965.3M	$828.5M	$822.1M	$697.6M	$705.3M	$569.2M
YoY Change	-4.72%	2.84%	-55.57%	152.12%	-1.73%	11.31%	7.97%	8.94%	16.51%	0.78%	17.85%	-1.09%	23.91%
Total Assets	$3.990B	$3.236B	$2.675B	$3.934B	$2.332B	$2.356B	$2.164B	$1.967B	$1.685B	$1.493B	$1.522B	$1.378B	$1.130B	$1.092B
YoY Change
Accounts Payable	$131.9M	$109.6M	$123.3M	$100.8M	$88.20M	$106.3M	$104.9M	$89.30M	$60.00M	$34.70M	$33.80M	$39.00M	$35.00M	$67.80M
YoY Change	20.4%	-11.12%	22.3%	14.29%	-17.03%	1.33%	17.47%	48.83%	72.91%	2.66%	-13.33%	11.43%	-48.38%
Accrued Expenses	$135.7M	$120.5M	$96.21M	$78.90M	$112.6M	$119.7M	$74.10M	$80.60M	$60.40M	$41.10M	$41.80M	$46.10M	$39.70M	$37.50M
YoY Change	12.65%	25.22%	21.94%	-29.93%	-5.93%	61.54%	-8.06%	33.44%	46.96%	-1.67%	-9.33%	16.12%	5.87%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$685.0K	$100.0K	$400.0K	$1.800M	$3.100M	$1.600M	$1.400M	$1.300M	$600.0K	$700.0K	$1.100M	$24.20M	$42.90M
YoY Change	-100.0%	585.0%	-75.0%	-77.78%	-41.94%	93.75%	14.29%	7.69%	116.67%	-14.29%	-36.36%	-95.45%	-43.59%
Long-Term Debt Due	$2.153M	$2.178M	$1.661M	$11.00M	$14.80M	$800.0K	$500.0K	$62.90M	$2.200M	$19.60M	$26.00M	$13.00M	$8.500M	$4.500M
YoY Change	-1.15%	31.13%	-84.9%	-25.68%	1750.0%	60.0%	-99.21%	2759.09%	-88.78%	-24.62%	100.0%	52.94%	88.89%
Total Short-Term Liabilities	$2.065B	$1.649B	$715.0M	$517.0M	$935.8M	$696.8M	$514.9M	$465.8M	$321.2M	$230.3M	$237.1M	$179.6M	$198.8M	$347.8M
YoY Change	25.22%	130.65%	38.3%	-44.75%	34.3%	35.33%	10.54%	45.02%	39.47%	-2.87%	32.02%	-9.66%	-42.84%
Long-Term Debt	$363.9M	$376.6M	$757.0M	$2.566B	$471.8M	$658.4M	$589.1M	$330.1M	$235.9M	$296.3M	$223.4M	$140.1M	$131.0M	$92.00M
YoY Change	-3.37%	-50.25%	-70.49%	443.81%	-28.34%	11.76%	78.46%	39.93%	-20.38%	32.63%	59.46%	6.95%	42.39%
Other Long-Term Liabilities	$537.6M	$367.6M	$520.5M	$310.3M	$455.0M	$506.1M	$490.0M	$463.2M	$382.5M	$297.0M	$185.9M	$276.3M	$313.4M	$218.5M
YoY Change	46.27%	-29.38%	67.73%	-31.8%	-10.1%	3.29%	5.79%	21.1%	28.79%	59.76%	-32.72%	-11.84%	43.43%
Total Long-Term Liabilities	$901.5M	$744.2M	$1.277B	$2.876B	$926.8M	$1.165B	$1.079B	$793.3M	$618.4M	$593.3M	$409.3M	$416.4M	$444.4M	$310.5M
YoY Change	21.14%	-41.75%	-55.58%	210.32%	-20.41%	7.91%	36.03%	28.28%	4.23%	44.95%	-1.71%	-6.3%	43.12%
Total Liabilities	$3.032B	$2.436B	$2.012B	$3.400B	$1.869B	$1.867B	$1.618B	$1.418B	$1.127B	$998.0M	$905.7M	$851.0M	$714.0M	$686.1M
YoY Change	24.48%	21.06%	-40.82%	81.91%	0.09%	15.42%	14.07%	25.89%	12.9%	10.19%	6.43%	19.19%	4.07%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009
Basic Shares Outstanding
Diluted Shares Outstanding
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $838.6 Million

About STEEL PARTNERS HOLDINGS L.P.

Steel Partners Holdings LP engages in owning and operating businesses in various industries, including diversified industrial products, energy, defense, supply chain management and logistics, banking, and youth sports. The company is headquartered in New York City, New York and currently employs 5,100 full-time employees. The company went IPO on 2011-03-29. The company owns and operates businesses and has interests in various companies, including diversified industrial products, energy, defense, supply chain management and logistics, banking, and youth sports. Its segments include Diversified Industrial, Energy, Financial Services and Supply Chain. The Diversified Industrial segment consists of manufacturers of engineered niche industrial products, including joining materials, tubing, building materials, performance materials, electrical products, cutting replacement products and services, and a packaging business. The Energy segment provides drilling and production services to the oil and gas industry and owns a youth sports business. Financial Services segment consists primarily of the operations of WebBank, a Utah chartered industrial bank, which engages in a full range of banking activities. The Supply Chain segment provides supply chain management and logistics services.

Industry: Miscellaneous Primary Metal Products Peers: 3M CO Gaucho Group Holdings, Inc. HONEYWELL INTERNATIONAL INC RENAVOTIO, INC. ICAHN ENTERPRISES L.P. GENERAL ELECTRIC CO