RADIANT LOGISTICS, INC RLGT
Radiant Logistics, Inc., and its consolidated subsidiaries (the "Company," "we" or "us"), operates as a leading third-party logistics company, providing technology-enabled global transportation and value-added logistics services primarily in the United States and Canada. We service a large, broad and diversified account base across a range of industries and geographies, which is supported by an extensive network of operating locations across North America as well as an integrated international service partner network located in other key markets around the globe. The Company provides these services through a multi-brand network, which includes over 100 operating locations. Included in these operating locations are a number of independent agents, who are also referred to as "strategic operating partners," that operate exclusively on the Company's behalf, and approximately 30 Company-owned locations. As the operator of a third-party logistics business, the Company has a vast carrier network of asset-based transportation companies, including motor carriers, railroads, airlines and ocean lines in its carrier network. We believe shippers value our services because we are able to objectively arrange the most efficient and cost-effective means, type and provider of transportation service without undue influence caused by the ownership of transportation assets. In addition, our minimal investment in physical assets affords us the opportunity for a higher return on invested capital and net cash flows than our asset-based competitors.
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 | $902.7M | $802.5M | $1.09B | $1.46B | $899.8M | $855.2M | $890.5M | $842.4M | — | — |
| Gross profit | — | — | — | — | — | — | $230.1M | $200.1M | $194.6M | $186.7M |
| SG&A | $42.5M | $38.7M | $38.5M | $34.0M | $23.7M | $29.5M | $28.5M | $26.2M | $24.0M | $25.7M |
| Total operating expenses | $881.6M | $793.2M | $1.06B | $1.40B | $873.6M | $837.7M | $865.8M | $829.2M | $184.1M | $187.0M |
| Operating income | $21.1M | $9.3M | $28.1M | $58.6M | $26.2M | $17.5M | $24.7M | $13.2M | $10.5M | -$337.0K |
| Interest expense | $1.3M | $1.1M | $3.3M | $3.2M | $2.5M | $2.9M | $3.0M | $3.1M | $2.5M | $4.9M |
| Pre-tax income | $21.2M | $9.7M | $27.5M | $58.2M | $29.6M | $15.5M | $22.2M | $10.5M | $8.6M | -$5.3M |
| Income tax | $3.8M | $1.5M | $6.3M | $12.7M | $6.0M | $3.2M | $4.8M | $73.0K | $3.7M | $1.9M |
| Net income | $17.3M | $7.7M | $20.6M | $44.5M | $23.1M | $10.5M | $16.3M | $10.2M | $4.9M | -$3.5M |
| EPS, basic | 0.37 | 0.16 | 0.43 | 0.90 | 0.46 | 0.21 | 0.28 | 0.17 | 0.06 | -0.11 |
| EPS, diluted | 0.35 | 0.16 | 0.42 | 0.88 | 0.45 | 0.21 | 0.27 | 0.16 | 0.06 | -0.11 |
| Shares, diluted (wtd. avg.) | $48.7M | $48.8M | $49.6M | $50.7M | $51.2M | $51.1M | $51.1M | $50.6M | $50.0M | $48.4M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $22.9M | $24.9M | $33.1M | $25.1M | $14.3M | $35.4M | $5.4M | $7.0M | $5.8M | $4.8M |
| Receivables | $134.9M | $118.0M | $126.7M | $225.3M | $117.3M | $71.8M | $93.1M | $137.6M | $116.3M | $101.0M |
| Total current assets | $179.2M | $164.2M | $180.6M | $289.3M | $193.6M | $139.7M | $124.9M | $153.3M | $129.7M | $113.4M |
| Property, plant and equipment | $23.5M | $25.6M | $25.4M | $24.8M | $24.2M | $18.7M | $20.1M | $18.6M | $15.2M | $12.5M |
| Goodwill | $117.6M | $93.0M | $89.2M | $88.2M | $72.6M | $72.2M | $65.4M | $65.4M | $66.8M | $62.9M |
| Other intangibles | $49.1M | $34.9M | $36.6M | $48.5M | $41.4M | $51.2M | $55.7M | $65.3M | $74.7M | $71.9M |
| Total assets | $426.8M | $371.2M | $393.7M | $497.4M | $374.5M | $294.1M | $267.7M | $305.4M | $289.5M | $263.5M |
| Accounts payable | $74.4M | $73.6M | $84.6M | $137.9M | $103.7M | $76.9M | $74.1M | $90.2M | $85.5M | $75.1M |
| Short-term debt | — | $0 | $4.1M | $4.6M | $4.4M | $3.8M | $3.7M | $3.7M | $3.4M | $2.4M |
| Total current liabilities | $115.1M | $110.5M | $132.2M | $187.7M | $143.5M | $109.2M | $98.4M | $116.2M | $110.0M | $96.5M |
| Long-term debt | — | $0 | $0 | $66.7M | $24.0M | $48.1M | $30.0M | $43.2M | $37.0M | $28.9M |
| Total liabilities | $200.7M | $161.7M | $188.6M | $302.8M | $213.0M | $155.8M | $140.4M | $171.8M | $166.1M | $144.3M |
| Retained earnings | $150.6M | $133.3M | $125.6M | $105.0M | $60.5M | $40.3M | $26.9M | $15.5M | $7.4M | $4.6M |
| Total equity | $226.0M | $209.4M | $205.1M | $194.6M | $161.6M | $138.2M | $127.3M | $133.6M | $123.5M | $119.2M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $13.3M | $17.3M | $97.9M | $24.9M | $14.1M | $29.9M | $39.8M | $4.8M | $14.9M | $21.4M |
| Depreciation and amortisation | $7.8M | $7.6M | $7.4M | $7.3M | $6.5M | $6.3M | $5.2M | $4.5M | $3.8M | $3.5M |
| Stock-based compensation | -$819.0K | $2.6M | $2.5M | $1.8M | $1.1M | $1.7M | $1.6M | $1.5M | $1.3M | $1.4M |
| Capital expenditure | $5.1M | $8.6M | $7.6M | $7.5M | $11.4M | $5.2M | $6.4M | $5.7M | $4.9M | $3.7M |
| Investing cash flow | -$33.5M | -$15.2M | -$10.7M | -$45.7M | -$11.1M | -$14.1M | -$6.2M | -$6.8M | -$16.3M | -$4.4M |
| Financing cash flow | $18.2M | -$10.2M | -$80.2M | $28.9M | -$23.7M | $12.3M | -$35.1M | $1.4M | $2.5M | -$19.6M |
| Buybacks | $798.0K | $4.1M | $11.1M | $11.3M | $1.9M | $2.5M | $0 | $0 | $253.0K | $0 |
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 0001193125-25-203690.
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