Virco Manufacturing Corporation (VIRC) 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 %
Q2 27	$0.07	$0.55	+685.7%	—	$87.5M	—
Q1 27	$0.03	-$0.18	-700.0%	—	$30.7M	—
Q4 26	$0.47	-$0.08	-117.0%	—	—	—
Q3 26	$0.84	$0.65	-22.6%	—	—	—
Q2 26	-$0.13	$0.05	+138.5%	—	—	—
Q1 26	-$0.15	-$0.35	-133.3%	—	—	—
Q4 25	$0.87	$0.52	-40.2%	—	—	—
Q3 25	$1	$1.04	+4.0%	—	—	—
Q2 25	-$0.13	$0.13	+200.0%	—	—	—
Q1 25	-$0.13	-$0.17	-30.8%	—	—	—
Q4 24	$0.39	$0.62	+59.0%	—	—	—
Q3 24	$0.64	$0.95	+48.4%	—	—	—
Q2 24	-$0.17	-$0.09	+47.1%	—	—	—
Q1 24	-$0.05	$0.25	+600.0%	—	—	—
Q4 23	$0.47	$0.48	+2.1%	—	—	—
Q3 23	$0.43	$0.6	+39.5%	—	—	—

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 %
FY26	—	$0.16	—	—	$199.7M	—
FY25	—	$1.32	—	—	$266.2M	—
FY24	—	$1.34	—	—	$269.1M	—
FY23	—	$1.03	—	—	$231.1M

Total revenue

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

Period	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Revenue	$173.4M	$189.3M	$200.7M	$193M	$152.8M	$184.8M	$231.1M	$269.1M	$266.2M	$199.7M
YoY change	+2.86%	+9.15%	+6.04%	-3.84%	-20.8%	+21%	+25%	+16.5%	-1.07%	-25%

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	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Revenue	173.4M	189.3M	200.7M	193M	152.8M	184.8M	231.1M	269.1M	266.2M	199.7M
Cost of revenue	110.9M	123.8M	133.6M	121.3M	97.9M	123.9M	145.7M	153.1M	151.5M	118.4M
Gross profit	62.5M	65.5M	67.1M	71.7M	54.9M	60.9M	85.3M	116.1M	114.7M	81.2M
Gross margin	36.1%	34.6%	33.4%	37.1%	35.9%	33%	36.9%	43.1%	43.1%	40.7%
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	56.6M	61.5M	66M	66.5M	56.4M	63.5M	75.5M	85.2M	85.5M	76.1M
Operating expenses	56.6M	61.5M	66M	66.5M	56.4M	63.5M	75.5M	85.2M	85.5M	76.1M
Operating income	5.9M	3.9M	1.1M	5.2M	-1.4M	-2.5M	9.8M	30.9M	27.9M	3.7M
Operating margin	3.43%	2.08%	0.53%	2.71%	-0.95%	-1.37%	4.25%	11.5%	10.5%	1.83%
Non-operating income, net	2K	16K	1K	-34K	7K	—	194K	1.1M	914K	104K
Pretax income	4.7M	2.4M	-1.1M	2.7M	-3M	-3.7M	8M	29.2M	28.4M	3.5M
Income tax	-18M	5.6M	497K	345K	-744K	11.4M	-8.5M	7.3M	6.8M	895K
Net income	22.8M	-3.2M	-1.6M	2.4M	-2.2M	-15.1M	16.5M	21.9M	21.6M	2.6M
Net margin	13.1%	-1.7%	-0.8%	1.23%	-1.46%	-8.19%	7.16%	8.14%	8.13%	1.29%
EBITDA	11M	9.4M	6.9M	11M	3.6M	2M	14.4M	36M	33.1M	9.7M
EPS	1.51	-0.21	-0.1	0.15	-0.14	-0.95	1.03	1.34	1.32	0.16
Diluted EPS	1.49	-0.21	-0.1	0.15	-0.14	-0.95	1.02	1.34	1.32	0.16

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 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26	Q4 26	Q1 27	Q2 27
Revenue	84.3M	42.6M	46.7M	108.4M	82.6M	28.5M	33.8M	92.1M	47.6M	26.2M	30.7M	87.5M
Cost of revenue	46M	26.5M	26.4M	58.2M	45.9M	21M	17.7M	51.2M	29.5M	19.9M	18M	52.5M
Gross profit	38.2M	16.1M	20.3M	50.2M	36.7M	7.5M	16M	40.9M	18.1M	6.3M	12.7M	35M
Gross margin	45.4%	37.7%	43.5%	46.3%	44.4%	26.2%	47.5%	44.4%	38%	23.9%	41.4%	40%
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	23.8M	19.2M	17.4M	28.3M	25.6M	14.3M	15.8M	25M	19.8M	14.7M	16.1M	24.5M
Operating expenses	23.8M	19.2M	17.4M	28.3M	25.6M	14.3M	15.8M	25M	19.8M	14.7M	16.1M	24.5M
Operating income	14.4M	-3.2M	3M	21.9M	11.1M	-8.1M	-94K	15.4M	-1.7M	-9.9M	-3.7M	10.5M
Operating margin	17.1%	-7.41%	6.36%	20.2%	13.5%	-28.5%	-0.28%	16.7%	-3.55%	-37.9%	-11.9%	12.1%
Non-operating income, net	-176K	602K	108K	490K	140K	176K	1.5M	-995K	-76K	27K	62K	859K
Pretax income	13.5M	-2.7M	2.9M	22.1M	11.3M	-7.8M	994K	14.2M	-1.8M	-9.9M	-3.7M	11.2M
Income tax	3.3M	-331K	731K	5.2M	2.9M	-2.1M	262K	4M	-484K	-2.9M	-927K	2.6M
Net income	10.2M	-2.3M	2.1M	16.8M	8.4M	-5.7M	732K	10.2M	-1.3M	-7M	-2.8M	8.6M
Net margin	12.1%	-5.5%	4.58%	15.5%	10.2%	-20.1%	2.17%	11.1%	-2.78%	-26.8%	-9.05%	9.85%
EBITDA	15.7M	-1.8M	4.2M	23.2M	12.3M	-6.7M	1.7M	16.9M	-176K	-8.5M	-2M	12.2M
EPS	0.62	—	0.13	1.04	0.52	—	0.05	0.65	-0.08	—	-0.18	0.55
Diluted EPS	0.62	—	0.13	1.04	0.52	—	0.05	0.65	-0.08	—	-0.18	0.55

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	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Market cap	66.3M	71.6M	65.4M	64.5M	43.3M	47.4M	79.1M	195.2M	178.4M	110.2M	102.5M
Enterprise value	70.5M	87.8M	86.1M	103.5M	73.7M	76.7M	111.7M	201.9M	193.3M	136.1M	130.3M
Shares outstanding	15.1M	15.2M	15.4M	15.6M	15.8M	16M	16.1M	16.3M	16.4M	15.8M	15.8M

Valuation

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
P/E	2.91	—	—	27.1	—	—	4.78	8.91	8.24	42.9	37.6
P/S	0.38	0.38	0.33	0.33	0.28	0.26	0.34	0.73	0.67	0.55	0.54
P/B	1.12	1.22	1.15	1.18	0.8	1	1.16	2.14	1.63	1.04	0.94
EV/EBITDA	6.43	9.33	12.5	9.42	20.2	37.7	7.77	5.61	5.84	14.1	84.2
EV/Sales	0.41	0.46	0.43	0.54	0.48	0.42	0.48	0.75	0.73	0.68	0.68
Earnings yield	34.3%	—	—	3.69%	—	—	20.9%	11.2%	12.1%	2.33%	2.66%
FCF yield	2.19%	-16.4%	-4.64%	8.59%	13%	-7.17%	-9%	11.1%	15%	-6.08%	4.68%
PEG	—	—	—	—	—	—	—	—	—	—	-2.44

Profitability

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Gross margin	36.1%	34.6%	33.4%	37.1%	35.9%	33%	36.9%	43.1%	43.1%	40.7%	40%
Operating margin	3.43%	2.08%	0.53%	2.71%	-0.95%	-1.37%	4.25%	11.5%	10.5%	1.83%	12.3%
Net margin	13.1%	-1.7%	-0.8%	1.23%	-1.46%	-8.19%	7.16%	8.14%	8.13%	1.29%	-1.31%
ROE	38.3%	-5.47%	-2.83%	4.35%	-4.12%	-31.9%	24.3%	24%	19.8%	2.42%	-2.23%
ROA	21%	-2.75%	-1.31%	1.71%	-1.79%	-12%	11%	15%	11.3%	1.47%	-1.41%
ROIC	9.35%	0%	1.38%	4.86%	-1.71%	-3.3%	9.77%	23.6%	17.1%	2.06%	-3.42%
Return on tangible assets	21%	-2.75%	-1.31%	1.71%	-1.79%	-12%	11%	15%	11.3%	1.47%	-1.31%

Financial health

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Current ratio	2.25	2.01	1.96	2.32	2.31	1.9	1.84	2.31	2.98	3.09	2.53
Quick ratio	0.59	0.49	0.49	0.6	0.57	0.59	0.45	0.8	1.36	1.31	1.43
Debt / equity	0.08	0.28	0.38	0.73	0.57	0.65	0.49	0.13	0.38	0.38	0.34
Debt / assets	0.05	0.14	0.17	0.29	0.25	0.24	0.22	0.08	0.22	0.23	0.19
Net debt / EBITDA	0.39	1.72	3.01	3.55	8.32	14.4	2.27	0.19	0.45	2.68	18
Interest coverage	4.88	2.56	0.49	2.11	-0.93	-2.12	5.06	11.9	82.4	12.5	-12
Effective tax rate	0%	100%	0%	12.7%	0%	0%	0%	25.1%	23.9%	25.8%	0%

Per share

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Revenue per share	11.5	12.4	13	12.4	9.7	11.6	14.3	16.5	16.3	12.7	12.2
EPS (basic)	1.51	-0.21	-0.1	0.15	-0.14	-0.95	1.03	1.34	1.32	0.16	0.16
EPS (diluted)	1.49	-0.21	-0.1	0.15	-0.14	-0.95	1.02	1.34	1.32	0.16	-0.16
Book value per share	3.94	3.85	3.7	3.52	3.44	2.97	4.22	5.6	6.68	6.72	7.01
FCF per share	0.1	-0.77	-0.2	0.36	0.36	-0.21	-0.44	1.33	1.64	-0.42	0.56
Cash per share	0.05	0.04	0.05	0.07	0.03	0.09	0.07	0.32	1.64	0.92	0.58
Capex per share	0	0.47	0	0	0.01	0.19	0.21	0.32	0.38	—	—

Capital allocation

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Capex / revenue	0%	3.79%	0%	0.01%	0.05%	1.62%	1.44%	1.95%	2.36%	—	—
Capex / operating cash flow	0.02%	486.6%	-0.19%	0.12%	0.75%	-18.4%	-41.3%	16.5%	17.4%	—	—
Payout ratio	—	0%	-57.6%	0%	—	—	0%	1.49%	6.76%	61.4%	62.5%
Dividend yield	—	0%	1.42%	0%	—	—	0%	0.17%	0.82%	1.43%	1.53%

Yield

1.53%

trailing twelve months

Frequency

Quarterly

Last dividend

$0.025

ex-dividend Sep 18, 2026

Payout ratio

63%

of earnings

Dividend growth

2 years

consecutive annual raises

Dividend per share

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

Recent payouts

Ex-dividend	Amount
Sep 18, 2026	$0.025
Jun 18, 2026	$0.025
Mar 20, 2026	$0.025

Period	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26	Q4 26	Q1 27	Q2 27
Revenue	$84.3M	$42.6M	$46.7M	$108.4M	$82.6M	$28.5M	$33.8M	$92.1M	$47.6M	$26.2M	$30.7M	$87.5M
YoY change	+8.86%	+9.83%	+33.7%	+1.02%	-1.94%	-33.2%	-27.8%	-15.1%	-42.3%	-8.04%	-9.07%	-5.02%

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	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Cash & short-term investments	788K	534K	738K	1.1M	402K	1.4M	1.1M	5.3M	26.9M	14.4M
Receivables	9.9M	11.4M	13.3M	11.8M	9.8M	17.8M	18.4M	23.2M	13M	13.6M
Inventory	35.7M	42.1M	47.3M	43.3M	38.3M	47.4M	67.4M	58.4M	55.6M	56.7M
Total current assets	48.5M	55.7M	63.1M	58.3M	51M	68.8M	89.1M	89M	102.2M	98.7M
Property, plant & equipment	-11.7M	-8.7M	-9.3M	10M	3.2M	-2.1M	-6.6M	-10.5M	20M	12.9M
Goodwill & intangibles	—	—	—	—	—	—	—	—	—	—
Total assets	108.2M	116.6M	123.1M	139M	125M	126.4M	150.1M	146.4M	191.9M	174.2M
Accounts payable	12.4M	14.1M	17.8M	10.6M	8.4M	19.8M	19.4M	12.9M	11.6M	7.4M
Short-term debt	68K	4.7M	5.5M	4.5M	5.6M	5.1M	12.4M	6M	1.9M	6.8M
Total current liabilities	21.6M	27.7M	32.1M	25.1M	22.1M	36.3M	48.5M	38.5M	34.3M	32M
Long-term debt	4.9M	12M	15.9M	35.6M	25.2M	25.6M	21.2M	6M	39.9M	33.6M
Total liabilities	48.8M	57.9M	66.1M	84.2M	70.8M	79M	82.1M	55.3M	82.7M	68.2M
Shareholders' equity	59.4M	58.7M	57M	54.8M	54.2M	47.4M	68.1M	91.2M	109.3M	105.9M
Total debt	5M	16.7M	21.4M	40.1M	30.7M	30.7M	33.6M	12M	41.8M	40.4M
Net debt	4.2M	16.1M	20.7M	39M	30.3M	29.3M	32.6M	6.7M	14.9M	25.9M

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 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26	Q4 26	Q1 27	Q2 27
Cash & short-term investments	4.9M	5.3M	644K	7.8M	38.9M	26.9M	935K	2.6M	26.5M	14.4M	3.7M	9.2M
Receivables	33M	23.2M	19.8M	56.1M	28.2M	13M	12.3M	46.8M	13.8M	13.6M	15M	45.6M
Inventory	58.9M	58.4M	71.3M	58.6M	48.9M	55.6M	74M	59.9M	53.1M	56.7M	68.3M	53M
Total current assets	98.8M	89M	95.8M	125.3M	119.5M	102.2M	94.3M	111.9M	96.8M	98.7M	102.3M	122.6M
Property, plant & equipment	-9.4M	-10.5M	-11.2M	21.1M	20.5M	20M	18.8M	17.1M	15.1M	12.9M	10.7M	8.7M
Goodwill & intangibles	—	—	—	—	—	—	—	—	—	—	—	—
Total assets	157M	146.4M	152.5M	216.3M	210.1M	191.9M	183.8M	198.6M	181.5M	174.2M	175.5M	192.2M
Accounts payable	14.4M	12.9M	19.2M	26.1M	15.4M	11.6M	15.7M	17.1M	5.7M	7.4M	12.3M	20M
Short-term debt	5.7M	6M	6.5M	1.7M	1.1M	1.9M	2.8M	5.1M	6.7M	6.8M	6.8M	6.9M
Total current liabilities	41.6M	38.5M	41.7M	55.5M	41.5M	34.3M	31.2M	37.7M	24.3M	32M	37.8M	48.5M
Long-term debt	10.9M	6M	7.7M	41.2M	41.3M	39.9M	38.4M	36.8M	35.1M	33.6M	31.9M	30.1M
Total liabilities	63.3M	55.3M	60.8M	108.5M	94.3M	82.7M	78.2M	83.3M	67.9M	68.2M	73.1M	81.7M
Shareholders' equity	93.8M	91.2M	91.6M	107.8M	115.9M	109.3M	105.6M	115.4M	113.6M	105.9M	102.4M	110.5M
Total debt	16.6M	12M	14.2M	42.9M	42.4M	41.8M	41.3M	41.9M	41.8M	40.4M	38.8M	37M
Net debt	11.7M	6.7M	13.5M	35.1M	3.6M	14.9M	40.3M	39.3M	15.3M	25.9M	35M	27.8M

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	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Net income	22.8M	-3.2M	-1.6M	2.4M	-2.2M	-15.1M	16.5M	21.9M	21.6M	2.6M
Depreciation & amortization	5M	5.5M	5.8M	5.8M	5.1M	4.6M	4.5M	5.1M	5.7M	6.1M
Stock-based compensation	609K	830K	908K	924K	1M	1M	612K	595K	395K	208K
Change in working capital	-1.8M	-7.4M	-7.1M	5.2M	7.3M	-17.1M	-20.6M	4.6M	8.7M	-1.5M
Operating cash flow	8.5M	1.5M	-1.6M	14.8M	11M	-16.3M	-8.1M	31.7M	36.1M	-841K
Capital expenditure	2K	-7.2M	3K	17K	82K	-3M	-3.3M	-5.2M	-6.3M	—
Investing cash flow	-63K	-6.9M	-109K	-101K	19K	-2.4M	-3.3M	-4.8M	-5.6M	119K
Dividends paid	—	0	-930K	0	—	—	0	-327K	-1.5M	-1.6M
Share repurchases	-264K	-339K	—	—	—	—	—	—	-3.8M	-4M
Financing cash flow	-1.4M	11M	3.3M	-5.1M	-6.4M	3.7M	6.8M	-18M	-6M	-5.9M
Net change in cash	7M	5.5M	1.6M	9.6M	4.6M	-14.9M	-4.6M	9M	24.5M	-6.6M
Free cash flow	1.5M	-11.7M	-3M	5.5M	5.6M	-3.4M	-7.1M	21.7M	26.8M	-6.7M

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 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26	Q4 26	Q1 27	Q2 27
Net income	10.2M	-2.3M	2.1M	16.8M	8.4M	-5.7M	732K	10.2M	-1.3M	-7M	-2.8M	8.6M
Depreciation & amortization	1.3M	1.3M	1.3M	1.4M	1.4M	1.5M	1.5M	1.6M	1.5M	1.5M	1.5M	1.4M
Stock-based compensation	171K	172K	172K	98K	63K	62K	63K	51K	47K	47K	47K	51K
Change in working capital	48.5M	7.3M	-9.7M	-19.8M	33.6M	8.8M	-17.4M	-16.3M	39.4M	-7.2M	-13.9M	-15.6M
Operating cash flow	59.7M	6.2M	-6.3M	-1.9M	44.1M	4.3M	-14M	3.2M	25.8M	-10.8M	-9.4M	6.5M
Capital expenditure	-1.8M	—	-1.1M	-1.8M	-2.5M	-934K	-2.4M	—	—	—	—	—
Investing cash flow	-1.8M	0	-941K	-1.8M	-1.9M	-921K	-2.4M	—	-181K	0	—	—
Dividends paid	0	—	-327K	-326K	-407K	-403K	-393K	-394K	-394K	-395K	-394K	-394K
Share repurchases	0	—	-1.5M	0	0	-2.3M	-4M	0	0	0	-190K	0
Financing cash flow	-38.3M	-3.8M	806K	-3.1M	-469K	-2.8M	-4.5M	-458K	-458K	-461K	-650K	-461K
Net change in cash	19.5M	2.4M	-6.5M	-6.8M	41.8M	613K	-20.9M	2.7M	25.2M	-11.3M	-10M	6.1M
Free cash flow	41.6M	4M	-5.6M	10.7M	31M	-9.2M	-21.5M	1.8M	24.5M	-11.6M	-10.1M	5.9M

Date	Ratio
Sep 4, 2002	11:10
Sep 4, 2001	11:10
Sep 5, 2000	11:10
Sep 1, 1999	11:10
Sep 2, 1998	11:10
Oct 1, 1997	3:2
Sep 16, 1996	11:10
Sep 14, 1995	11:10
Sep 13, 1994	11:10
Sep 14, 1993	11:10
Sep 15, 1992	11:10

Virco Manufacturing Corporation 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

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

Split history