Espey Mfg. & Electronics Corp.
Income Statement
| Line Item | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $46.1M | $44.0M | $38.7M | $35.6M | $32.1M | $27.7M | $31.5M | $36.5M |
| Cost of Revenue | $29.8M | $31.3M | $28.1M | $27.5M | $26.6M | $24.4M | $26.0M | $29.4M |
| Gross Profit | $16.3M | $12.7M | $10.7M | $8.1M | $5.5M | $3.4M | $5.6M | $7.1M |
| Gross Margin | 35.3% | 28.9% | 27.5% | 22.6% | 17.0% | 12.1% | 17.6% | 19.4% |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | $4.7M | $4.6M | $4.1M | $3.8M | $3.9M | $3.8M | $4.4M | $4.4M |
| Operating Income | $11.6M | $8.1M | $6.5M | $4.3M | $1.5M | $-426.1K | $1.2M | $2.7M |
| Operating Margin | 25.1% | 18.5% | 16.9% | 12.1% | 4.8% | -1.5% | 3.7% | 7.3% |
| Interest Expense | — | — | — | — | — | — | — | — |
| Pretax Income | $13.3M | $9.7M | $7.3M | $4.7M | $1.6M | $-368.2K | $1.3M | $2.9M |
| Income Tax Expense | $2.1M | $1.6M | $1.5M | $1.0M | $328.0K | $-186.7K | $145.5K | $538.9K |
| Net Income | $11.2M | $8.1M | $5.8M | $3.7M | $1.3M | $-181.5K | $1.2M | $2.3M |
| Net Margin | 24.2% | 18.5% | 15.0% | 10.3% | 3.9% | -0.7% | 3.7% | 6.4% |
| EPS (Basic) | $4.04 | $3.14 | $2.34 | $1.50 | $0.52 | $-0.08 | $0.49 | $0.99 |
| EPS (Diluted) | $3.89 | $3.02 | $2.29 | $1.49 | $0.52 | $-0.08 | $0.49 | $0.98 |
| Shares Outstanding (Basic) | 2.8M | 2.6M | 2.5M | 2.5M | 2.4M | 2.4M | 2.4M | 2.4M |
| Shares Outstanding (Diluted) | 2.9M | 2.7M | 2.5M | 2.5M | 2.4M | 2.4M | 2.4M | 2.4M |
| Dividends Per Share | $1.75 | $1.00 | $0.68 | $0.20 | — | $0.50 | $1.00 | $2.00 |