HURCO COMPANIES INC HURC
Hurco Companies, Inc. is an international, industrial technology company. We design, manufacture, and sell computerized (i.e., Computer Numeric Control ("CNC")) machine tools, consisting primarily of vertical machining centers (mills) and turning centers (lathes), to companies in the metal cutting industry through a worldwide sales, service, and distribution network. Although most of our computer control systems and software products are proprietary, they predominantly use industry standard personal computer components. Our computer control systems and software products are primarily sold as integral components of our computerized machine tool products. We also provide machine tool components, automation integration equipment and solutions for job shops, software options, control upgrades, accessories, and replacement parts for our products, as well as customer service, training, and applications support. As used in this report, the words "we", "us", "our", "Hurco" and the "Company" refer to Hurco Companies, Inc., and its consolidated subsidiaries.
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 | $178.6M | $186.6M | $227.8M | $250.8M | $235.2M | $170.6M | $263.4M | $300.7M | $243.7M | $227.3M |
| Cost of revenue | $145.6M | $148.8M | $171.6M | $186.3M | $178.9M | $134.2M | $186.2M | $208.9M | $173.1M | $156.8M |
| Gross profit | $33.0M | $37.7M | $56.2M | $64.5M | $56.2M | $36.5M | $77.2M | $91.8M | $70.6M | $70.4M |
| R&D | $4.0M | $3.9M | $4.2M | $3.4M | $3.2M | $3.5M | $4.4M | $4.7M | $4.2M | $4.9M |
| SG&A | $43.2M | $46.0M | $49.6M | $51.7M | $46.0M | $41.4M | $54.7M | $58.0M | $49.7M | $50.8M |
| Operating income | -$10.3M | -$8.3M | $6.6M | $12.7M | $10.2M | -$9.9M | $22.5M | $33.8M | $20.9M | $19.6M |
| Interest expense | $89.0K | $578.0K | $282.0K | $27.0K | $24.0K | $94.0K | $62.0K | $100.0K | $91.0K | $72.0K |
| Pre-tax income | -$12.2M | -$9.8M | $6.8M | $11.9M | $10.1M | -$10.8M | $23.3M | $32.5M | $20.7M | $18.9M |
| Income tax | $2.9M | $6.8M | $2.4M | $3.7M | $3.4M | $4.6M | $5.8M | $11.0M | $5.6M | $5.6M |
| Net income | -$15.1M | -$16.6M | $4.4M | $8.2M | $6.8M | -$6.2M | $17.5M | $21.5M | $15.1M | $13.3M |
| EPS, basic | -2.34 | -2.56 | 0.67 | 1.24 | 1.01 | -0.93 | 2.57 | 3.19 | 2.27 | 2.01 |
| EPS, diluted | -2.34 | -2.56 | 0.66 | 1.23 | 1.01 | -0.93 | 2.55 | 3.15 | 2.25 | 1.99 |
| Shares, diluted (wtd. avg.) | $6.5M | $6.5M | $6.5M | $6.6M | $6.6M | $6.7M | $6.8M | $6.8M | $6.7M | $6.6M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $48.7M | $33.3M | $41.8M | $63.9M | $84.1M | $57.9M | $56.9M | $77.2M | $66.3M | $41.2M |
| Receivables | $27.9M | $36.7M | $40.0M | $38.4M | $42.6M | $27.7M | $43.3M | $54.4M | $50.1M | $48.6M |
| Inventory | $142.9M | $153.0M | $158.0M | $156.2M | $148.2M | $149.9M | $148.9M | $137.6M | $119.9M | $117.0M |
| Total current assets | $225.1M | $228.6M | $248.2M | $268.1M | $289.9M | $251.4M | $261.9M | $281.4M | $246.4M | $218.4M |
| Property, plant and equipment | $8.0M | $8.8M | $8.9M | $8.5M | $10.6M | $11.9M | $13.9M | $13.0M | $12.2M | $12.3M |
| Goodwill | — | — | $0 | — | — | $0 | $5.8M | $2.5M | $2.4M | $2.3M |
| Other intangibles | $627.0K | $763.0K | $994.0K | $1.2M | $1.6M | $1.8M | $1.1M | $938.0K | $1.1M | $1.1M |
| Total assets | $264.3M | $268.6M | $290.6M | $306.2M | $332.9M | $295.7M | $301.1M | $315.4M | $277.8M | $251.9M |
| Accounts payable | — | $25.0M | $29.7M | $38.8M | $46.3M | $26.4M | $33.0M | $54.1M | $45.1M | $35.2M |
| Short-term debt | — | — | — | — | — | — | — | $1.4M | $1.5M | $1.5M |
| Total current liabilities | $52.0M | $47.8M | $55.0M | $73.3M | $81.2M | $50.4M | $54.6M | $86.8M | $70.9M | $58.0M |
| Retained earnings | $146.3M | $161.4M | $180.1M | $179.9M | $175.6M | $172.5M | $182.2M | $167.9M | $149.3M | $136.7M |
| Total equity | $198.8M | $207.2M | $222.2M | $222.6M | $238.4M | $231.1M | $240.2M | $222.9M | $203.1M | $185.5M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $17.6M | -$2.5M | -$12.8M | -$4.0M | $32.2M | $10.9M | -$6.4M | $21.0M | $30.4M | -$6.7M |
| Depreciation and amortisation | $1.5M | $1.7M | $2.3M | $2.3M | $2.5M | $2.7M | $2.6M | $2.5M | $2.5M | $2.5M |
| Stock-based compensation | $1.7M | $1.6M | $2.7M | $2.7M | $2.8M | $2.1M | $2.7M | $2.5M | $1.7M | $1.6M |
| Capital expenditure | $910.0K | $1.2M | $1.3M | $1.1M | $1.3M | $683.0K | $3.2M | $3.5M | $2.2M | $2.0M |
| Investing cash flow | -$1.2M | -$2.7M | -$1.9M | -$2.1M | -$3.3M | -$1.2M | -$8.9M | -$6.6M | -$4.0M | -$3.9M |
| Financing cash flow | -$2.4M | -$3.9M | -$8.8M | -$6.9M | -$3.5M | -$10.9M | -$5.2M | -$2.6M | -$2.4M | -$2.5M |
| Dividends paid | — | $2.1M | $4.1M | $3.9M | $3.7M | $3.4M | $3.2M | $2.9M | $2.6M | $2.3M |
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 0001104659-26-002512.
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