CIMPRESS plc CMPR
Cimpress helps millions of businesses build brands, stand out, and grow via customized physical marketing products and branded merchandise. Founded in 1995, Cimpress is the global leader in web-to-print mass customization, delivering high-quality, affordable custom products quickly and conveniently—even in low quantities. Cimpress brands include VistaPrint, WIRmachenDRUCK, Pixartprinting, Pens.com, BuildASign, druck.at, Drukwerkdeal, easyflyer, Exaprint, Packstyle, Printi, Tradeprint and BoxUp. Our products and services include a broad range of marketing materials, business cards, signage, promotional products, logo apparel, packaging, books and magazines, wall decor, photo merchandise, invitations and announcements, design and digital marketing services, and other categories. Mass customization is a core element of the business model of each Cimpress business and is a competitive strategy that seeks to produce goods and services to meet individual customer needs with near mass production efficiency. We discuss mass customization in further detail below.
Valuation FY2026 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.74B | $3.40B | $3.29B | $3.08B | $2.89B | $2.58B | $2.48B | $2.75B | $2.59B | $2.14B |
| Cost of revenue | $2.01B | $1.79B | $1.70B | $1.64B | $1.49B | $1.30B | $1.25B | $1.40B | $1.28B | $1.04B |
| Gross profit | $1.73B | $1.62B | $1.60B | $1.44B | $1.39B | $1.28B | $1.23B | $1.35B | $1.31B | $1.10B |
| R&D | $68.6M | $65.0M | $62.7M | $58.8M | $57.0M | $49.3M | $49.2M | $41.0M | $41.5M | $51.8M |
| SG&A | $235.3M | $218.5M | $205.7M | $209.2M | $197.3M | $195.7M | $183.1M | $162.7M | $177.0M | $207.6M |
| Operating income | $251.0M | $226.3M | $247.4M | $57.3M | $47.3M | $123.5M | $56.0M | $163.6M | $157.8M | -$45.7M |
| Interest expense | $105.8M | $115.2M | $119.8M | $112.8M | $99.4M | $119.4M | $75.8M | $63.2M | $53.0M | $44.0M |
| Pre-tax income | $152.9M | $97.0M | $128.4M | -$30.2M | $9.3M | -$63.6M | $3.0M | $126.9M | $66.4M | -$79.3M |
| Income tax | $55.8M | $84.1M | $49.4M | $155.5M | $59.9M | $18.9M | $81.0M | $33.4M | $19.6M | $7.1M |
| Net income | $95.9M | $15.0M | $173.7M | -$186.0M | -$54.3M | -$85.2M | $83.4M | $95.1M | $43.7M | -$71.7M |
| EPS, basic | 3.93 | 0.60 | 6.64 | -7.08 | -2.08 | -3.28 | 3.07 | 3.09 | 1.41 | -2.29 |
| EPS, diluted | 3.79 | 0.58 | 6.43 | -7.08 | -2.08 | -3.28 | 3.00 | 3.00 | 1.36 | -2.29 |
| Shares, diluted (wtd. avg.) | $25.3M | $25.6M | $27.0M | $26.3M | $26.1M | $26.0M | $27.8M | $31.7M | $32.2M | $31.3M |
Balance sheet
| Fiscal year | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $248.9M | $234.0M | $203.8M | $130.3M | $277.1M | $183.0M | $45.0M | $35.3M | $44.2M | $25.7M |
| Short-term investments | — | $0 | $4.5M | $38.5M | $50.0M | $152.2M | $0 | — | — | — |
| Receivables | $73.6M | $68.3M | $64.6M | $67.4M | $63.9M | $50.7M | $34.6M | $60.6M | $55.6M | — |
| Inventory | $137.0M | $112.9M | $97.0M | $107.8M | $126.7M | $70.0M | $80.2M | $66.3M | $60.6M | — |
| Total current assets | $564.5M | $502.6M | $458.0M | $441.0M | $626.3M | $528.5M | $248.4M | $240.3M | $239.3M | — |
| Property, plant and equipment | $367.2M | $302.5M | $265.2M | $287.6M | $286.8M | $328.7M | $338.7M | $490.8M | $483.7M | — |
| Goodwill | $850.8M | $826.2M | $787.1M | $781.5M | $766.6M | $727.0M | $621.9M | $718.9M | $520.8M | $515.0M |
| Other intangibles | $70.6M | $58.3M | $76.6M | $109.2M | $154.7M | $186.7M | $209.2M | $262.7M | $230.2M | — |
| Total assets | $2.20B | $1.97B | $1.89B | $1.85B | $2.17B | $2.18B | $1.82B | $1.87B | $1.65B | — |
| Accounts payable | $333.3M | $332.1M | $326.7M | $285.8M | $313.7M | $199.8M | $163.9M | $185.1M | $152.4M | — |
| Short-term debt | $14.6M | $9.1M | $12.5M | $10.7M | $10.4M | $9.9M | $17.9M | $81.3M | $59.3M | — |
| Total current liabilities | $775.6M | $758.7M | $664.0M | $645.3M | $692.5M | $638.2M | $486.8M | $520.7M | $481.0M | — |
| Long-term debt | $1.60B | $1.58B | $1.59B | $1.63B | $1.68B | $1.73B | $1.42B | $942.3M | $767.6M | — |
| Total liabilities | $2.60B | $2.53B | $2.42B | $2.47B | $2.53B | $2.56B | $2.15B | $1.67B | $1.47B | — |
| Retained earnings | $279.4M | $225.1M | $272.9M | $235.4M | $414.1M | $530.2M | $618.4M | $537.4M | $452.8M | — |
| Total equity | -$494.0M | -$583.5M | -$550.1M | -$623.1M | -$494.9M | -$449.4M | -$407.5M | -$131.8M | $93.7M | $75.0M |
Cash flow
| Fiscal year | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $283.7M | $298.1M | $350.7M | $130.3M | $219.5M | $265.2M | $338.4M | $331.1M | $192.3M | $156.7M |
| Depreciation and amortisation | $74.6M | $61.9M | $59.4M | $59.8M | $67.5M | $71.1M | $74.7M | $173.0M | $88.0M | $87.1M |
| Stock-based compensation | $61.4M | $58.9M | $65.6M | $42.1M | $49.8M | $37.0M | $34.9M | $21.7M | $50.5M | $48.6M |
| Capital expenditure | $100.2M | $89.0M | $54.9M | $53.8M | $54.0M | $38.5M | $50.5M | $70.6M | $60.9M | $74.2M |
| Investing cash flow | -$195.6M | -$140.8M | -$54.6M | -$103.7M | -$4.0M | -$354.3M | -$66.9M | -$420.2M | -$10.6M | -$301.8M |
| Financing cash flow | -$68.0M | -$135.9M | -$222.6M | -$177.1M | -$106.6M | $224.1M | -$258.3M | $82.0M | -$177.8M | $104.6M |
| Buybacks | $50.1M | $77.8M | $157.0M | $0 | $0 | $0 | $627.1M | $55.6M | $94.7M | $50.0M |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001262976-26-000027.
Others in SIC 2750
| Ticker | Company | Market cap | P/E | Revenue growth |
|---|---|---|---|---|
| QUAD | Quad/Graphics, Inc. | $510.4M | 19.8x | -9.4% |
| PMTS | CPI Card Group Inc. | $325.6M | 22.6x | 13.1% |
| MGIH | Millennium Group International Holdings Ltd | — | — | -34.2% |
| SFHG | SAMFINE CREATION HOLDINGS GROUP Ltd | — | — | — |
| CRE | Cre8 Enterprise Ltd | — | — | 25.9% |