STURM, RUGER & COMPANY, INC.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $546.1M | $535.6M | $543.8M | $595.8M | $730.7M | $568.9M | $410.5M | $495.6M |
| Cost of Revenue | $464.9M | $421.2M | $410.1M | $415.8M | $451.2M | $377.4M | $311.0M | $361.3M |
| Gross Profit | $81.2M | $114.4M | $133.6M | $180.1M | $279.6M | $191.4M | $99.5M | $134.4M |
| Gross Margin | 14.9% | 21.4% | 24.6% | 30.2% | 38.3% | 33.7% | 24.3% | 27.1% |
| Operating Expenses | ||||||||
| Research & Development | $8.4M | $8.2M | $9.8M | $9.6M | $11.7M | $8.0M | $8.2M | $8.5M |
| SG&A Expense | $54.2M | $44.0M | $42.8M | $40.6M | $43.3M | $39.0M | $30.3M | $32.2M |
| Operating Income | $-12.3M | $31.7M | $52.1M | $103.5M | $203.1M | $119.1M | $39.4M | $67.0M |
| Operating Margin | -2.3% | 5.9% | 9.6% | 17.4% | 27.8% | 20.9% | 9.6% | 13.5% |
| Interest Expense | — | — | $205.0K | $256.0K | $164.0K | $191.0K | $192.0K | $330.0K |
| Pretax Income | $-7.2M | $37.8M | $58.8M | $108.3M | $206.6M | $121.0M | $43.0M | $68.7M |
| Income Tax Expense | $-2.8M | $7.2M | $10.6M | $19.9M | $50.7M | $30.6M | $10.7M | $17.8M |
| Net Income | $-4.4M | $30.6M | $48.2M | $88.3M | $155.9M | $90.4M | $32.3M | $50.9M |
| Net Margin | -0.8% | 5.7% | 8.9% | 14.8% | 21.3% | 15.9% | 7.9% | 10.3% |
| EPS (Basic) | $-0.27 | $1.79 | $2.73 | $5.00 | $8.87 | $5.17 | $1.85 | $2.92 |
| EPS (Diluted) | $-0.27 | $1.77 | $2.71 | $4.96 | $8.78 | $5.09 | $1.82 | $2.88 |
| Shares Outstanding (Basic) | 16.2M | 17.1M | 17.7M | 17.6M | 17.6M | 17.5M | 17.5M | 17.5M |
| Shares Outstanding (Diluted) | 16.2M | 17.3M | 17.8M | 17.8M | 17.8M | 17.8M | 17.8M | 17.7M |
| Dividends Per Share | $0.62 | $0.69 | $6.27 | $2.42 | $3.36 | $6.51 | $0.82 | $1.10 |