FRP Holdings, Inc. (FRPH) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q1 23	—	$0.06	—	—	$10.1M	—
Q4 22	—	$0.29	—	—	$9.9M	—
Q3 22	—	$0.05	—	—	$9.3M	—
Q2 22	—	$0.07	—	—	$9.6M	—
Q1 22	—	$0.07	—	—	$8.7M	—
Q4 21	—	-$0.06	—	—	$8.4M	—
Q3 21	—	$0.04	—	—	$8.5M	—
Q2 21	—	$0.01	—	—	$8.5M	—
Q1 21	—	$3.03	—	—	$5.9M	—
Q4 20	—	-$0.01	—	—	$5.9M	—
Q3 20	—	$0.55	—	—	$6.1M	—
Q2 20	—	$0.41	—	—	$5.8M	—
Q1 20	—	$0.15	—	—	$5.8M	—
Q4 19	—	$0.24	—	—	$5.8M	—
Q3 19	—	$0.19	—	—	$5.9M	—
Q2 19	—	$0.26	—	—	$6.4M	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	$0.18	—	—	$42.8M	—
FY24	—	$0.34	—	—	$41.8M	—
FY23	—	$0.28	—	—	$41.5M	—
FY22	—	$0.24	—	—	$37.5M	—
FY21

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	—	$15.6M	$22M	$23.8M	$23.6M	$31.2M	$37.5M	$41.5M	$41.8M	$42.8M
YoY change	—	—	+41.1%	+7.87%	-0.73%	+32.4%	+20.1%	+10.7%	+0.65%	+2.57%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	—	15.6M	22M	23.8M	23.6M	31.2M	37.5M	41.5M	41.8M	42.8M
Cost of revenue	—	2M	2.6M	2.9M	2.8M	3.8M	4.1M	3.6M	3.4M	3.9M
Gross profit	—	13.6M	19.4M	20.8M	20.8M	27.5M	33.4M	37.9M	38.3M	38.9M
Gross margin	—	87.1%	88.1%	87.6%	88%	88%	89%	91.2%	91.8%	90.9%
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	—	4.5M	5.7M	5.1M	6.5M	6.2M	7.1M	—	9.3M	10.7M
Operating expenses	—	11.1M	15.3M	14.3M	16.3M	18.7M	21.2M	15.3M	16.4M	21M
Operating income	—	1M	2M	5.8M	5.1M	2.3M	8M	11.7M	11.7M	7M
Operating margin	—	6.67%	8.91%	24.2%	21.8%	7.28%	21.3%	28.2%	28%	16.4%
Non-operating income, net	—	58.6M	2.6M	7.1M	10.9M	50.4M	626K	-987K	-65K	-281K
Pretax income	—	56.9M	1.5M	11.8M	14.9M	50.4M	5.6M	6.4M	8.5M	3.8M
Income tax	—	7.3M	524K	3M	3.2M	10.3M	1.5M	1.5M	2M	818K
Net income	—	60.6M	123.1M	15.7M	11.7M	40.1M	4M	4.9M	6.5M	3M
Net margin	—	388.1%	558.9%	66%	49.7%	128.4%	10.8%	11.8%	15.5%	6.91%
EBITDA	—	5.4M	10.1M	10M	5.5M	9.5M	13.7M	10.7M	10.7M	9.3M
EPS	0	2.1	6.2	0.82	0.6	1.51	0.24	0.28	0.34	0.18
Diluted EPS	0	2.08	6.16	0.81	0.6	1.5	0.24	0.28	0.34	0.18

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	10.6M	10.1M	10.1M	10.5M	10.6M	10.5M	10.3M	10.8M	10.8M	10.9M	10.6M	11.1M
Cost of revenue	919K	905K	807K	860K	850K	920K	938K	1M	955K	1M	1M	1M
Gross profit	9.7M	9.2M	9.3M	9.6M	9.8M	9.6M	9.4M	9.8M	9.8M	9.9M	9.6M	10M
Gross margin	91.3%	91%	92%	91.8%	92%	91.3%	90.9%	90.8%	91.1%	90.7%	90.3%	90.6%
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	1.9M	—	2M	2.6M	2.3M	2.4M	2.6M	2.9M	2.3M	2.9M	4.1M	3.7M
Operating expenses	4M	3.6M	3.9M	4.3M	4.1M	4.1M	4.4M	5.5M	5.6M	5.4M	6.2M	5.7M
Operating income	2.9M	3.2M	2.9M	2.8M	3.1M	2.9M	2.3M	1.7M	1.4M	1.7M	512K	1.5M
Operating margin	27.3%	31.5%	28.4%	26.9%	29%	27.7%	22.6%	15.3%	12.6%	15.4%	4.83%	13.2%
Non-operating income, net	-214K	1.4M	-236K	984K	-535K	-278K	530K	-31K	144K	-924K	-927K	-1.2M
Pretax income	1.6M	3.5M	1.7M	3M	1.8M	2M	2.2M	802K	768K	50K	-1.1M	-424K
Income tax	467K	618K	400K	916K	427K	286K	526K	178K	203K	-89K	-202K	-80K
Net income	1.1M	2.9M	1.3M	2.1M	1.4M	1.7M	1.6M	624K	565K	139K	-921K	-344K
Net margin	10.4%	28.6%	13.2%	19.7%	13%	16%	15.9%	5.75%	5.24%	1.27%	-8.69%	-3.1%
EBITDA	2.8M	4.2M	2.5M	2.7M	2.9M	2.7M	3M	2.2M	2.1M	2M	924K	2.2M
EPS	0.07	0.15	0.07	0.11	0.07	0.09	0.09	0.03	0.03	0.02	-0.04	-0.01
Diluted EPS	0.07	0.15	0.07	0.11	0.07	0.09	0.09	0.03	0.03	0.02	-0.04	-0.01

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	—	441.4M	461.9M	492.3M	436.4M	540.7M	505.5M	592.3M	575.2M	421.6M	404.3M
Enterprise value	—	527M	363M	416.7M	376.8M	553.3M	506.6M	613.5M	605.4M	520.2M	556.4M
Shares outstanding	—	19.9M	20.1M	19.8M	19.2M	18.7M	18.8M	18.8M	18.8M	18.5M	18.5M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	—	7.29	3.75	31.4	37.2	13.5	124.9	121.3	89	142.3	2.1K
P/S	—	28.3	21	20.7	18.5	17.3	13.5	14.3	13.8	9.84	12
P/B	—	1.67	1.21	1.26	1.14	1.27	1.14	1.32	1.23	0.93	0.94
EV/EBITDA	—	97.2	36	41.8	68.6	58.5	36.9	57.1	56.4	55.9	62
EV/Sales	—	33.8	16.5	17.5	16	17.7	13.5	14.8	14.5	12.1	16.5
Earnings yield	—	13.7%	26.6%	3.18%	2.69%	7.41%	0.8%	0.82%	1.12%	0.7%	0.05%
FCF yield	—	4.77%	-8.05%	9.55%	4.27%	4.11%	4.42%	5.57%	5.04%	7.04%	2.53%
PEG	—	—	—	—	—	—	—	—	—	—	-15.8

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	—	87.1%	88.1%	87.6%	88%	88%	89%	91.2%	91.8%	90.9%	90.6%
Operating margin	—	6.67%	8.91%	24.2%	21.8%	7.28%	21.3%	28.2%	28%	16.4%	-11.1%
Net margin	—	388.1%	558.9%	66%	49.7%	128.4%	10.8%	11.8%	15.5%	6.91%	0.29%
ROE	—	22.9%	32.1%	4%	3.06%	9.43%	0.91%	1.09%	1.38%	0.65%	-0.12%
ROA	—	14.5%	24.4%	2.91%	2.19%	5.91%	0.58%	0.69%	0.89%	0.4%	-0.25%
ROIC	—	0.26%	0.45%	1.36%	1.25%	0.41%	1.3%	1.9%	1.78%	0.99%	0.86%
Return on tangible assets	—	14.5%	24.4%	2.91%	2.19%	5.91%	0.58%	0.69%	0.89%	0.41%	-0.07%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	0.29	5.35	51.5	40.9	34.6	23.2	25.3	15.9	15.5	6.77	5.86
Quick ratio	0.29	5.35	51.5	40.9	34.6	23.2	25.3	15.9	15.5	6.77	4.82
Debt / equity	0.21	0.34	0.23	0.23	0.24	0.42	0.4	0.4	0.38	0.42	0.47
Debt / assets	0.15	0.22	0.18	0.17	0.17	0.26	0.25	0.25	0.25	0.26	0.28
Net debt / EBITDA	—	15.8	-9.82	-7.59	-10.8	1.33	0.08	1.97	2.82	10.6	17.3
Interest coverage	—	21.8	1.48	12.2	14.6	22.9	2.83	2.48	3.69	2.27	0.74
Effective tax rate	—	12.9%	35.3%	25.1%	21.5%	20.4%	27.4%	23.7%	23.9%	21.6%	0%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	—	0.78	1.1	1.2	1.23	1.67	2	2.2	2.22	2.32	1.77
EPS (basic)	0	2.1	6.2	0.82	0.6	1.51	0.24	0.28	0.34	0.18	0.18
EPS (diluted)	0	2.08	6.16	0.81	0.6	1.5	0.24	0.28	0.34	0.18	0.01
Book value per share	—	13.3	19.1	19.8	20	22.7	23.7	23.8	25	24.6	22.3
FCF per share	—	1.06	-1.85	2.38	0.97	1.19	1.19	1.75	1.54	1.6	1.47
Cash per share	—	0.23	9.35	8.32	7.8	8.86	9.46	8.36	7.91	5.08	4.66
Capex per share	—	0.83	0.02	—	—	—	—	—	—	—	—

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	—	106.4%	2.03%	—	—	—	—	—	—	—	—
Capex / operating cash flow	—	26.6%	11.7%	—	—	—	—	—	—	—	—
Payout ratio	—	—	—	—	—	—	—	—	—	—	0%

Yield

—

trailing twelve months

Frequency

—

Last dividend

$1.50

ex-dividend Feb 2, 2015

Payout ratio

of earnings

Dividend growth

0 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Feb 2, 2015	$1.50

Split history

Date	Ratio
Apr 15, 2024	2:1
Jan 18, 2011	3:1

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	$10.6M	$10.1M	$10.1M	$10.5M	$10.6M	$10.5M	$10.3M	$10.8M	$10.8M	$10.9M	$10.6M	$11.1M
YoY change	+14%	+2.57%	+0.19%	-2.05%	+0.4%	+4.22%	+1.71%	+3.56%	+1.34%	+3.65%	+2.79%	+2.15%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	—	4.5M	187.8M	164.5M	149.5M	165.8M	177.5M	157.6M	148.6M	94M
Receivables	710K	615K	564K	546K	923K	793K	1.2M	1M	1.4M	1.9M
Inventory	—	—	—	—	—	—	—	—	—	—
Total current assets	5.3M	185.4M	201.7M	165.8M	155.8M	169.1M	180.3M	161.4M	152.7M	109.6M
Property, plant & equipment	28.8M	41.3M	—	—	—	—	—	—	—	—
Goodwill & intangibles	—	—	—	—	—	—	—	—	—	13.8M
Total assets	266.6M	418.7M	505.5M	538.1M	536.4M	678.2M	701.1M	709.2M	728.5M	735.1M
Accounts payable	3.7M	4.4M	3.5M	2.4M	3.6M	6.1M	6M	8.3M	6M	12.1M
Short-term debt	11.4M	125K	—	—	—	—	—	—	—	—
Total current liabilities	18.2M	34.6M	3.9M	4.1M	4.5M	7.3M	7.1M	10.1M	9.9M	16.2M
Long-term debt	29.6M	90M	88.8M	88.9M	90M	178.4M	178.6M	178.7M	178.9M	192.6M
Total liabilities	67.7M	154.2M	122.2M	146.5M	153.7M	252.9M	256.9M	261.2M	259.4M	279.5M
Shareholders' equity	198.8M	264.6M	383.3M	391.6M	382.7M	425.3M	444.2M	448M	469.1M	455.7M
Total debt	41M	90.2M	88.8M	88.9M	90M	178.4M	178.6M	178.7M	178.9M	192.6M
Net debt	—	85.6M	66.2M	62.3M	16.1M	16.9M	1.1M	21.1M	30.2M	98.6M

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Cash & short-term investments	166M	157.6M	152.5M	156.9M	144.7M	148.6M	142.9M	153.2M	134.9M	94M	97M	89.4M
Receivables	1.7M	1M	1.4M	1.8M	1.8M	1.4M	1.3M	1.6M	1.6M	1.9M	1.9M	1.9M
Inventory	—	—	—	—	—	—	—	—	—	—	—	—
Total current assets	169.8M	161.4M	156.3M	162.2M	148.9M	152.7M	146.2M	158.1M	139.6M	109.6M	112.4M	105.7M
Property, plant & equipment	—	—	—	—	—	—	—	—	—	—	—	—
Goodwill & intangibles	—	—	—	—	—	—	—	—	—	13.8M	13.8M	13.8M
Total assets	701.2M	709.2M	705.7M	711.9M	726.9M	728.5M	717.1M	722.8M	731.3M	735.1M	750.4M	762.3M
Accounts payable	3.7M	8.3M	3.8M	7.3M	6.1M	6M	3.3M	6.7M	9.4M	12.1M	17.1M	17.8M
Short-term debt	—	—	—	—	—	—	—	—	—	—	—	—
Total current liabilities	6.3M	10.1M	5.7M	10.7M	9.7M	9.9M	7.8M	10.4M	13.1M	16.2M	21.2M	21.9M
Long-term debt	178.7M	178.7M	178.7M	178.8M	178.8M	178.9M	178.3M	180.4M	185.3M	192.6M	203.9M	214.6M
Total liabilities	256.2M	261.2M	256.8M	260.7M	259.8M	259.4M	256.6M	261.4M	269.1M	279.5M	296M	307.5M
Shareholders' equity	445M	448M	448.9M	451.1M	467.1M	469.1M	460.5M	461.4M	462.2M	455.7M	454.4M	454.8M
Total debt	178.7M	178.7M	178.7M	178.8M	178.8M	178.9M	178.3M	180.4M	185.3M	192.6M	203.9M	214.6M
Net debt	12.6M	21.1M	26.3M	21.9M	34.1M	30.2M	35.3M	27.2M	50.5M	98.6M	106.9M	125.2M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	12M	60.6M	123.1M	15.7M	11.7M	40.1M	4M	4.9M	6.5M	3M
Depreciation & amortization	8.3M	6M	8.2M	6.2M	6M	12.9M	11.5M	11M	10.4M	11.4M
Stock-based compensation	578K	713K	1.7M	232K	1.4M	1.1M	1.6M	1.7M	2M	2.1M
Change in working capital	-1.5M	-3.3M	-9M	11.4M	-4.6M	4.5M	-1.1M	-1.1M	1.6M	-2M
Operating cash flow	21.9M	62.5M	3.8M	48.8M	20.5M	66.6M	17.8M	18M	18.6M	29.7M
Capital expenditure	-14.1M	-16.6M	447K	—	—	—	—	—	—	—
Investing cash flow	-2.5M	-15.1M	-237.4M	-34.9M	68.1M	83.1M	4.4M	-37.5M	573K	-22.5M
Dividends paid	—	—	—	—	—	—	—	—	—	—
Share repurchases	-43K	-74K	-5.7M	-8.2M	-21.3M	-264K	0	-2M	0	-464K
Financing cash flow	-6M	590K	-8.3M	-9.6M	-22.1M	-1.5M	16.4M	-5.2M	12.5M	-812K
Net change in cash	13.3M	47.9M	-241.9M	4.3M	66.5M	148.3M	38.6M	-24.7M	31.7M	6.3M
Free cash flow	19.5M	21.1M	-37.2M	47M	18.6M	22.2M	22.3M	33M	29M	29.7M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Net income	1.1M	2.9M	1.3M	2.1M	1.4M	1.7M	1.6M	624K	565K	139K	-921K	-344K
Depreciation & amortization	2.8M	2.4M	2.6M	2.6M	2.6M	2.5M	2.7M	2.9M	3M	2.7M	3M	3.1M
Stock-based compensation	271K	266K	320K	960K	333K	344K	365K	961K	362K	401K	368K	1M
Change in working capital	77K	-764K	145K	1.6M	-1.2M	1.1M	400K	-1.9M	-834K	346K	-439K	-70K
Operating cash flow	4.3M	6.4M	4.4M	6.1M	3.1M	5M	5.1M	8.7M	9M	8.4M	9.7M	1.1M
Capital expenditure	—	—	—	—	—	—	—	—	—	—	—	—
Investing cash flow	-4.2M	-13.6M	-1M	-681K	1.8M	458K	4.2M	6.3M	-6.1M	-26.8M	-4.5M	-5.6M
Dividends paid	—	—	—	—	—	—	—	—	—	—	—	—
Share repurchases	-1M	0	—	—	0	0	—	—	—	—	—	—
Financing cash flow	-1.8M	-753K	-752K	-737K	14.2M	-217K	-11.3M	1.4M	4.7M	4.8M	10.8M	10.7M
Net change in cash	-1.6M	-8M	2.6M	4.7M	19.1M	5.2M	-2M	16.3M	7.7M	-13.6M	15.9M	6.2M
Free cash flow	7.9M	12.3M	2.9M	12.2M	6.3M	7.6M	4.5M	8.7M	9M	8.4M	9.7M	1.1M

FRP Holdings, Inc. Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Split history

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement