AMREP Corp (AXR) 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 %
Q4 26	$0.43	$0.23	-46.5%	—	$11M	—
Q3 26	$0.57	$0.58	+1.8%	—	$14.6M	—
Q2 26	$0.44	$0.22	-50.0%	—	$9.4M	—
Q1 26	$0.38	$0.87	+128.9%	—	$17.9M	—
Q2 23	—	$0.68	—	—	$16.1M	—
Q1 23	—	$0.36	—	—	$10.7M	—
Q4 22	—	$1.41	—	—	$25.9M	—
Q3 22	—	$0.12	—	—	$9.4M	—
Q2 22	—	$0.45	—	—	$16.1M	—
Q1 22	—	$0.22	—	—	$10.5M	—
Q4 21	—	$0.51	—	—	$18.7M	—
Q3 21	—	$0.28	—	—	$7.9M	—
Q2 21	—	$0.1	—	—	$9.3M	—
Q1 21	—	$0.07	—	—	$4.2M	—
Q4 20	—	$0.14	—	—	$4.8M	—
Q3 20	—	$0.04	—	—	$5.3M	—

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	—	—	—	—	$52.8M	—
FY25	—	$2.39	—	—	$49.7M	—
FY24	—	$1.26	—	—	$51.4M	—
FY23	—	$4.13	—	—	$48.7M

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	$42.4M	$8.9M	$12.8M	$18.8M	$40.1M	$58.9M	$48.7M	$51.4M	$49.7M	$52.8M
YoY change	+1.69%	-78.9%	+42.9%	+47.3%	+113.3%	+47.1%	-17.4%	+5.53%	-3.26%	+6.34%

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	42.4M	8.9M	12.8M	18.8M	40.1M	58.9M	48.7M	51.4M	49.7M	52.8M
Cost of revenue	7.7M	6.1M	10.8M	13.8M	25.6M	32.3M	29.8M	36.9M	30.3M	31.4M
Gross profit	34.7M	2.9M	2M	5M	14.5M	26.7M	18.9M	14.5M	19.4M	21.4M
Gross margin	81.8%	32.1%	15.5%	26.6%	36.1%	45.2%	38.8%	28.2%	39%	40.5%
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	5M	4.1M	4.2M	13M	5.4M	5.4M	13.1M	6.9M	7.3M	9M
Operating expenses	33.2M	5.7M	5.2M	14.9M	5.4M	5.4M	13.1M	6.9M	7.3M	9M
Operating income	1.5M	-2.8M	-3.2M	-8M	9M	21.3M	5.8M	7.6M	12.1M	12.4M
Operating margin	3.46%	-31.8%	-25.3%	-42.4%	22.6%	36.2%	12%	14.8%	24.4%	23.4%
Non-operating income, net	-150K	—	—	-5M	1M	261K	1.8M	—	-4K	—
Pretax income	982K	-2.8M	-3.2M	-7.6M	10M	21.6M	7.6M	8.4M	13.7M	14.1M
Income tax	997K	-279K	-708K	-1.7M	2.6M	5.7M	-14.1M	1.7M	1M	3.8M
Net income	-15K	238K	1.5M	-5.9M	7.4M	15.9M	21.8M	6.7M	12.7M	10.3M
Net margin	-0.04%	2.67%	12%	-31.4%	18.4%	26.9%	44.8%	13%	25.6%	19.5%
EBITDA	2.9M	-2.3M	-2.5M	-7.4M	9.6M	21.5M	5.9M	7.8M	12.3M	12.7M
EPS	-0	0.03	0.19	-0.73	0.95	2.21	4.13	1.26	2.39	—
Diluted EPS	-0	0.03	0.19	-0.73	0.95	2.21	4.11	1.25	2.37	—

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	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26	Q4 26
Revenue	10.3M	8.9M	12.7M	19.5M	19.1M	11.9M	7.5M	11.2M	17.9M	9.4M	14.6M	11M
Cost of revenue	6.7M	6.3M	10.9M	13M	12.5M	6.9M	5.2M	5.7M	9.9M	6.3M	8.6M	6.6M
Gross profit	3.6M	2.6M	1.8M	6.5M	6.6M	5M	2.3M	5.5M	8M	3.1M	5.9M	4.4M
Gross margin	35%	29.3%	13.8%	33.4%	34.7%	41.7%	30.7%	49.1%	44.8%	32.7%	40.7%	40%
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	1.6M	1.5M	1.9M	1.9M	1.6M	1.8M	1.9M	1.9M	1.8M	2M	2.9M	2.3M
Operating expenses	1.6M	1.5M	1.9M	1.9M	1.6M	1.8M	1.9M	1.9M	1.8M	2M	2.9M	2.3M
Operating income	2M	1.1M	-148K	4.7M	5M	3.1M	432K	3.5M	6.1M	1.1M	3M	2.1M
Operating margin	19.7%	11.9%	-1.17%	23.9%	26.1%	26.4%	5.74%	31.7%	34.4%	11.9%	20.6%	19.2%
Non-operating income, net	—	—	—	—	—	—	—	—	—	—	—	—
Pretax income	2.1M	1.2M	114K	5M	5.3M	3.7M	842K	3.9M	6.6M	1.6M	3.4M	2.5M
Income tax	725K	106K	22K	882K	1.2M	-322K	125K	-3K	1.9M	378K	253K	1.3M
Net income	1.3M	1.1M	92K	4.1M	4.1M	4M	717K	3.9M	4.7M	1.2M	3.1M	1.2M
Net margin	13.1%	12.5%	0.73%	21.2%	21.3%	33.9%	9.53%	34.8%	26.3%	12.8%	21.6%	11.3%
EBITDA	2.1M	1.1M	-117K	4.7M	5M	3.2M	466K	3.6M	6.2M	1.2M	3.1M	2.2M
EPS	0.25	0.21	0.02	—	0.77	0.76	0.13	—	0.88	0.22	0.59	—
Diluted EPS	0.25	0.21	0.02	—	0.76	0.75	0.13	—	0.87	0.22	0.58	—

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	48.4M	58.5M	45.2M	39.4M	82.9M	92.2M	—	107.5M	119.9M	—	118.6M
Enterprise value	36.6M	49.5M	33.2M	25.8M	61.5M	78.5M	—	77.8M	80.5M	—	69.6M
Shares outstanding	8.1M	8.1M	8.1M	8.1M	7.7M	7.2M	5.3M	5.3M	5.3M	—	—

Valuation

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
P/E	—	245.9	29.6	—	11.2	5.81	—	16.1	9.43	—	20.5
P/S	1.14	6.56	3.54	2.1	2.07	1.56	—	2.09	2.41	—	2.9
P/B	0.57	0.67	0.5	0.47	0.93	1.11	—	0.91	0.92	—	0.84
EV/EBITDA	12.8	-21.3	-13.1	-3.47	6.41	3.65	—	10	6.55	—	10.9
EV/Sales	0.86	5.55	2.61	1.37	1.53	1.33	—	1.52	1.62	—	1.7
Earnings yield	—	0.41%	3.38%	—	8.92%	17.2%	—	6.22%	10.6%	—	4.88%
FCF yield	21.1%	0.82%	1.29%	1.92%	15.2%	15.4%	—	9.54%	8.05%	—	-1.03%

Profitability

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Gross margin	81.8%	32.1%	15.5%	26.6%	36.1%	45.2%	38.8%	28.2%	39%	40.5%	40%
Operating margin	3.46%	-31.8%	-25.3%	-42.4%	22.6%	36.2%	12%	14.8%	24.4%	23.4%	-2.69%
Net margin	-0.04%	2.67%	12%	-31.4%	18.4%	26.9%	44.8%	13%	25.6%	19.5%	14.3%
ROE	-0.02%	0.27%	1.7%	-6.97%	8.32%	19.1%	19.6%	5.67%	9.78%	7.31%	4.26%
ROA	-0.01%	0.22%	1.52%	-6.11%	7.59%	16.7%	18.8%	5.45%	9.51%	7.11%	2.66%
ROIC	0%	-3.63%	-4.14%	-11.2%	9.87%	22.6%	6.4%	6.83%	12.4%	10.2%	10.2%
Return on tangible assets	-0.01%	0.22%	1.52%	-6.11%	7.59%	16.7%	18.8%	5.45%	9.51%	7.11%	7.11%

Financial health

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Current ratio	10.1	30.9	24.7	22.9	17.7	8.58	18.1	20.5	28.4	29.9	26.3
Quick ratio	2.62	9.64	5.18	5.82	5.53	1.66	4.6	6.58	10.7	13.4	13.4
Debt / equity	—	0.02	0.01	0.05	0.04	0.02	0	0	0	0	0
Debt / assets	—	0.02	0.01	0.04	0.04	0.02	0	0	0	0	0
Net debt / EBITDA	—	3.87	4.7	1.83	-2.22	-0.64	-3.39	-3.83	-3.21	-4.12	-4.12
Interest coverage	3.95	-567.6	-125.9	—	226.2	—	—	—	—	—	—
Effective tax rate	100%	0%	0%	0%	26.3%	26.4%	0%	20.6%	7.35%	27.2%	27.2%

Per share

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Revenue per share	5.26	1.11	1.57	2.31	5.17	8.22	9.22	9.69	9.34	—	7.69
EPS (basic)	-0	0.03	0.19	-0.73	0.95	2.21	4.13	1.26	2.39	—	—
EPS (diluted)	-0	0.03	0.19	-0.73	0.95	2.21	4.11	1.25	2.37	—	1.09
Book value per share	10.5	10.8	11.1	10.4	11.5	11.6	21	22.3	24.4	—	26.7
FCF per share	1.27	0.06	0.07	0.09	1.63	1.98	1.18	1.94	1.82	—	-0.23
Cash per share	1.47	1.34	1.64	2.15	3.2	2.19	3.79	5.6	7.42	—	9.21
Capex per share	—	—	—	—	—	—	—	—	0.11	—	—

Capital allocation

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Capex / revenue	—	—	—	—	—	—	—	—	1.17%	0.19%	0.19%
Capex / operating cash flow	—	—	—	—	—	—	—	—	5.69%	0.79%	0.79%
Payout ratio	—	—	—	—	—	—	—	—	—	—	0%

Yield

—

trailing twelve months

Frequency

Annual

Last dividend

$1.00

ex-dividend Aug 8, 2007

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
Aug 8, 2007	$1.00
Dec 15, 2005	$3.50

Split history

Date	Ratio
Dec 2, 1986	3:2
Nov 22, 1985	6:5
Nov 23, 1984	5:4
Jul 28, 1983	6:5

Period	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26	Q4 26
Revenue	$10.3M	$8.9M	$12.7M	$19.5M	$19.1M	$11.9M	$7.5M	$11.2M	$17.9M	$9.4M	$14.6M	$11M
YoY change	-3.9%	-45.2%	+39.2%	+53.8%	+85.5%	+34.5%	-40.7%	-42.8%	-6.5%	-21.1%	+93.8%	-1.38%

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	11.8M	10.9M	13.3M	17.5M	24.8M	15.7M	20M	29.7M	39.5M	52.3M
Receivables	6.4M	5.9M	—	156K	37K	50K	—	—	—	—
Inventory	56.1M	58.9M	57.8M	53.4M	55.6M	67.2M	65.6M	66M	66.8M	66.6M
Total current assets	75.8M	85.5M	73.1M	71.6M	80.8M	83.4M	87.9M	97.2M	107.5M	120.3M
Property, plant & equipment	10.9M	9.7M	—	144K	112K	1.4M	1.4M	1.7M	2.2M	2.1M
Goodwill & intangibles	—	—	—	—	—	—	—	—	—	—
Total assets	106.7M	106.2M	100.5M	96.7M	97.4M	94.9M	115.9M	122.8M	133.8M	144.8M
Accounts payable	6.8M	2.4M	2.4M	1.1M	1.4M	3M	1.9M	2.1M	1.3M	176K
Short-term debt	—	—	—	—	—	—	—	—	—	—
Total current liabilities	7.5M	2.8M	3M	3.1M	4.6M	9.7M	4.9M	4.7M	3.8M	4M
Long-term debt	—	1.8M	1.3M	3.9M	3.4M	2M	44K	35K	26K	18K
Total liabilities	21.8M	19.1M	10.7M	12M	8.5M	11.8M	4.9M	4.8M	3.8M	4M
Shareholders' equity	84.8M	87.1M	89.8M	84.6M	88.9M	83.2M	111M	118M	130M	140.7M
Total debt	—	1.8M	1.3M	3.9M	3.4M	2M	44K	35K	26K	18K
Net debt	—	-9M	-11.9M	-13.6M	-21.4M	-13.7M	-19.9M	-29.7M	-39.4M	-52.3M

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	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26	Q4 26
Cash & short-term investments	21.8M	21.7M	23.1M	29.7M	40.4M	40.1M	36.9M	39.5M	48.9M	44.6M	50M	52.3M
Receivables	—	—	—	—	—	—	—	—	—	—	—	—
Inventory	63.4M	63.9M	68.1M	66M	60.3M	63.4M	65.1M	66.8M	64.8M	68.6M	66.8M	66.6M
Total current assets	86.8M	87.3M	92.7M	97.2M	101.9M	104.5M	103.1M	107.5M	115M	114.2M	117.9M	120.3M
Property, plant & equipment	1.7M	1.5M	1.6M	1.7M	1.8M	1.8M	1.8M	2.2M	2.2M	2.2M	2.2M	2.1M
Goodwill & intangibles	—	—	—	—	—	—	—	—	—	—	—	—
Total assets	116.9M	117.8M	119M	122.8M	127M	129.1M	128.9M	133.8M	140.7M	140.1M	143.9M	144.8M
Accounts payable	1.5M	713K	2.1M	2.1M	2.1M	380K	416K	1.3M	3M	1.2M	1.3M	176K
Short-term debt	—	—	—	—	—	—	—	—	—	—	—	—
Total current liabilities	4.5M	4.2M	5.2M	4.7M	4.8M	4M	2.9M	3.8M	5.9M	4.1M	4.5M	4M
Long-term debt	41K	39K	37K	35K	34K	32K	29K	26K	25K	23K	21K	18K
Total liabilities	4.5M	4.2M	5.2M	4.8M	4.8M	4M	3M	3.8M	5.9M	4.1M	4.6M	4M
Shareholders' equity	112.4M	113.5M	113.8M	118M	122.2M	125.1M	126M	130M	134.7M	136M	139.4M	140.7M
Total debt	41K	39K	37K	35K	34K	32K	29K	26K	25K	23K	21K	18K
Net debt	-21.7M	-16.7M	-18M	-29.7M	-40.3M	-40M	-36.9M	-39.4M	-48.9M	-44.6M	-50M	-52.3M

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	-15K	-2.6M	-2.5M	-5.9M	7.4M	15.9M	21.8M	6.7M	12.7M	10.3M
Depreciation & amortization	1.4M	509K	606K	537K	554K	225K	63K	149K	179K	312K
Stock-based compensation	117K	177K	231K	113K	132K	217K	238K	317K	423K	447K
Change in working capital	6.9M	-147K	1.2M	2.7M	4.2M	-2.1M	-9.3M	1.3M	-1.3M	-326K
Operating cash flow	9M	-3.3M	-685K	-4.3M	14.8M	16M	-925K	9.9M	10.2M	12.9M
Capital expenditure	—	—	—	—	—	—	—	—	-583K	-102K
Investing cash flow	—	—	85K	—	—	92K	—	—	-583K	-102K
Dividends paid	—	—	—	—	—	—	—	—	—	—
Share repurchases	—	—	—	0	-5.1M	-21.9M	0	—	—	—
Financing cash flow	-25.3M	1.8M	-549K	2.5M	-5.3M	-23.4M	-2M	-9K	-9K	-8K
Net change in cash	-16.3M	-1.4M	-1.1M	-1.8M	9.5M	-7.3M	-2.9M	9.9M	9.7M	12.8M
Free cash flow	10.2M	479K	584K	756K	12.6M	14.2M	6.3M	10.3M	9.7M	12.8M

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	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26	Q4 26
Net income	1.3M	1.1M	92K	4.1M	4.1M	4M	717K	3.9M	4.7M	1.2M	3.1M	1.2M
Depreciation & amortization	32K	44K	31K	42K	48K	48K	34K	49K	78K	82K	90K	62K
Stock-based compensation	48K	125K	103K	41K	89K	120K	122K	92K	100K	119K	136K	92K
Change in working capital	139K	-588K	1.3M	1.8M	5.8M	-2.8M	-3.2M	579K	874K	-4.1M	1.4M	1.5M
Operating cash flow	2.2M	722K	1.5M	6.8M	11M	853K	-2.1M	3M	9.5M	-4.3M	5.4M	2.2M
Capital expenditure	—	—	—	—	—	—	—	-437K	-20K	-60K	-19K	-3K
Investing cash flow	—	—	-44K	—	—	—	0	-437K	-20K	-60K	-19K	-3K
Dividends paid	—	—	—	—	—	—	—	—	—	—	—	—
Share repurchases	—	—	—	—	—	—	—	—	—	—	—	—
Financing cash flow	-3K	-2K	-2K	-2K	-1K	-2K	-4K	-2K	-2K	-1K	-2K	-3K
Net change in cash	2.2M	720K	1.4M	6.8M	11M	851K	-2.1M	2.5M	9.5M	-4.3M	5.4M	2.2M
Free cash flow	1.8M	-55K	1.3M	7.2M	10.7M	-268K	-3.3M	2.5M	9.5M	-4.3M	5.4M	2.2M

AMREP Corp 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