ESPEY MFG & ELECTRONICS CORP ESP
is a power electronics design and original equipment manufacturing (OEM) company with a long history of developing and delivering highly
reliable products for use in military and severe environment applications. Design, manufacturing, and testing is performed in our 174,000+
square foot facility located at 233 Ballston Ave., Saratoga Springs, New York. Espey is classified as a "smaller reporting company"
for purposes of the reporting requirements under the Securities Exchange Act of 1934, as amended. Espey's common stock is publicly-traded
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.7M | $38.7M | $35.6M | $32.1M | $27.7M | $31.5M | $36.5M | $32.5M | $22.5M | $27.5M |
| Cost of revenue | $31.3M | $28.1M | $27.5M | $26.6M | $24.4M | $26.0M | $29.4M | $24.9M | $17.8M | $20.1M |
| Gross profit | $12.7M | $10.7M | $8.1M | $5.5M | $3.4M | $5.6M | $7.1M | $7.7M | $4.7M | $7.4M |
| SG&A | $4.6M | $4.1M | $3.8M | $3.9M | $3.8M | $4.4M | $4.4M | $3.8M | $3.2M | $3.0M |
| Operating income | $8.1M | $6.5M | $4.3M | $1.5M | -$426.1K | $1.2M | $2.7M | $3.9M | $1.5M | $4.3M |
| Pre-tax income | $9.7M | $7.3M | $4.7M | $1.6M | -$368.2K | $1.3M | $2.9M | $4.1M | $1.7M | $4.5M |
| Income tax | $1.6M | $1.5M | $1.0M | $328.0K | $186.7K | $145.5K | $538.9K | $993.3K | $515.7K | $1.3M |
| Net income | $8.1M | $5.8M | $3.7M | $1.3M | -$181.5K | $1.2M | $2.3M | $3.1M | $1.1M | $3.2M |
| EPS, basic | 3.14 | 2.34 | 1.50 | 0.52 | -0.08 | 0.49 | 0.99 | 1.32 | 0.49 | 1.39 |
| EPS, diluted | 3.02 | 2.29 | 1.49 | 0.52 | -0.08 | 0.49 | 0.98 | 1.31 | 0.49 | 1.38 |
| Shares, diluted (wtd. avg.) | $2.7M | $2.5M | $2.5M | $2.4M | $2.4M | $2.4M | $2.4M | $2.3M | $2.3M | $2.3M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $18.9M | $4.4M | $2.7M | $8.1M | $6.8M | $5.4M | $1.5M | $4.3M | $10.1M | $10.0M |
| Short-term investments | $24.7M | $18.9M | $12.0M | $3.7M | $3.1M | $5.1M | $5.7M | $11.5M | $9.4M | $5.6M |
| Receivables | $7.6M | $6.6M | $5.8M | $5.7M | $5.4M | $9.0M | $11.0M | $4.4M | $3.4M | $5.0M |
| Inventory | $17.8M | $19.2M | $19.9M | $18.6M | $18.8M | $14.8M | $13.2M | $11.4M | $9.7M | $10.7M |
| Total current assets | $75.2M | $53.2M | $44.7M | $37.1M | $35.0M | $34.7M | $31.9M | $33.1M | $33.2M | $32.1M |
| Property, plant and equipment | $4.0M | $3.3M | $2.8M | $2.8M | $3.0M | $3.5M | $3.8M | $3.8M | $2.3M | $2.3M |
| Total assets | $79.1M | $56.5M | $47.5M | $39.9M | $38.0M | $38.2M | $35.7M | $36.8M | $35.5M | $34.5M |
| Accounts payable | $2.6M | $3.8M | $1.2M | $2.1M | $2.7M | $2.9M | $2.2M | $1.8M | $2.3M | $552.8K |
| Total current liabilities | $28.3M | $15.3M | $11.5M | $7.6M | $7.5M | $6.7M | $3.5M | $3.3M | $3.4M | $1.9M |
| Total liabilities | $28.3M | $15.3M | $11.6M | $7.8M | $7.6M | — | — | — | — | — |
| Retained earnings | $31.6M | $26.0M | $21.9M | $18.7M | $17.4M | $18.8M | $20.0M | $22.4M | $21.7M | $22.8M |
| Total equity | $50.8M | $41.3M | $35.9M | $32.1M | $30.3M | $31.2M | $31.9M | $33.5M | $31.9M | $32.4M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $21.0M | $10.6M | $3.9M | $2.2M | $595.0K | $6.0M | -$3.6M | $260.9K | $6.4M | $5.8M |
| Depreciation and amortisation | $451.5K | $453.5K | $484.9K | $494.6K | $519.8K | $568.5K | $541.0K | $429.7K | $435.6K | $434.4K |
| Stock-based compensation | $346.3K | $283.7K | $227.1K | $176.7K | $133.7K | $189.6K | $172.1K | $123.1K | $129.2K | $97.0K |
| Capital expenditure | $4.4M | $5.2M | $512.0K | $303.6K | $43.6K | $214.4K | $608.3K | $1.9M | $352.1K | $284.2K |
| Investing cash flow | -$6.9M | -$7.8M | -$8.8M | -$918.3K | $2.0M | $326.0K | $5.2M | -$4.0M | -$4.2M | -$1.7M |
| Financing cash flow | $458.3K | -$1.2M | -$489.3K | — | -$1.2M | -$2.4M | -$4.5M | -$2.0M | -$2.2M | -$2.9M |
| Dividends paid | $2.6M | $1.7M | $489.3K | — | $1.2M | $2.4M | $4.7M | $2.3M | $2.3M | $2.8M |
| Buybacks | — | — | — | — | — | $47.9K | $44.9K | $109.7K | $44.3K | $355.4K |
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 0001174947-25-001227.
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