Cash flow Massimo Group

Equities

MAMO

US57628N1019

Auto & Truck Manufacturers

Market Closed - Nasdaq Other stock markets 21:00:00 22/01/2026 GMT			5-day change	1st Jan Change
3.440 ^USD	+5.20%		-7.28%	-13.57%

01-20	Massimo Group Reports Strong Pre-Order Demand for Sentinel Series Hvac Utvs Following Aimexpo 2026	CI
01-15	Massimo Group to Debut Second-Generation MVR HVAC Pro Series At 2026 PGA Show	CI

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Published financial data: MASSIMO GROUP

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021	2022	2023	2024
Revenues	82.57M	86.53M	115M	111M
Total Revenues	82.57M	86.53M	115M	111M
Cost of Goods Sold, Total	65.53M	64.32M	79.13M	76.87M
Gross Profit	17.04M	22.2M	35.91M	34.34M
Selling General & Admin Expenses, Total	12.67M	17.6M	22.99M	26.92M
R&D Expenses	-	-	-	343K
Other Operating Expenses, Total	12.67M	17.6M	22.99M	27.26M
Operating Income	4.37M	4.61M	12.92M	7.08M
Interest Expense, Total	-454K	-828K	-519K	-98.67K
Net Interest Expenses	-454K	-828K	-519K	-98.67K
Other Non Operating Income (Expenses)	85.36K	185K	108K	1.04M
EBT, Excl. Unusual Items	4M	3.96M	12.51M	8.02M
Insurance Settlements	-	200K	33.04K	100K
Legal Settlements	-	-	-	-3.65M
Other Unusual Items	715K	-	-	-300K
EBT, Incl. Unusual Items	4.72M	4.16M	12.55M	4.18M
Income Tax Expense	-	-	2.13M	1.02M
Earnings From Continuing Operations	4.72M	4.16M	10.42M	3.15M
Net Income to Company	4.72M	4.16M	10.42M	3.15M
Net Income - (IS)	4.72M	4.16M	10.42M	3.15M
Net Income to Common Incl Extra Items	4.72M	4.16M	10.42M	3.15M
Net Income to Common Excl. Extra Items	4.72M	4.16M	10.42M	3.15M
Per Share Items
Net EPS - Basic	0.12	0.1	0.26	0.08
Basic EPS - Continuing Operations	0.12	0.1	0.26	0.08
Basic Weighted Average Shares Outstanding	40M	40M	40M	41.01M
Net EPS - Diluted	0.12	0.1	0.26	0.08
Diluted EPS - Continuing Operations	0.12	0.1	0.26	0.08
Diluted Weighted Average Shares Outstanding	40M	40M	40M	41.16M
Normalized Basic EPS	0.06	0.06	0.2	0.12
Normalized Diluted EPS	0.06	0.06	0.2	0.12
Supplemental Items
EBITDA	4.55M	4.79M	13.12M	7.26M
EBITA	4.37M	4.61M	12.92M	7.08M
EBIT	4.37M	4.61M	12.92M	7.08M
EBITDAR	5.14M	5.57M	14.22M	9.66M
Effective Tax Rate - (Ratio)	-	-	16.98	24.52
Current Domestic Taxes	-	-	-	2.06M
Total Current Taxes	-	-	-	2.06M
Deferred Domestic Taxes	-	-	-	-1.03M
Total Deferred Taxes	-	-	-	-1.03M
Normalized Net Income	2.5M	2.48M	7.82M	5.02M
Interest on Long-Term Debt	135K	373K	397K	46.42K
Supplemental Operating Expense Items
Advertising Expense	772K	1.81M	769K	570K
Selling and Marketing Expenses	6.1M	8.67M	9.76M	9.8M
General and Administrative Expenses	6.57M	8.93M	13.23M	14.71M
Research And Development Expense From Footnotes	-	-	-	343K
Net Rental Expense, Total	593K	775K	1.1M	2.4M
Imputed Operating Lease Interest Expense	-	404K	328K	152K
Imputed Operating Lease Depreciation	-	371K	777K	2.25M
Stock-Based Comp., G&A Exp. (Total)	-	-	-	1.1M
Stock-Based Comp., Other (Total)	-	-	-	95.03K
Total Stock-Based Compensation	-	-	-	1.2M

Fiscal Period: December	2021	2022	2023	2024
Assets
Cash And Equivalents	1.29M	948K	766K	10.21M
Total Cash And Short Term Investments	1.29M	948K	766K	10.21M
Accounts Receivable, Total	7.83M	6.83M	9.57M	6.59M
Other Receivables	-	71.14K	39.03K	133K
Total Receivables	7.83M	6.9M	9.61M	6.72M
Inventory	22.32M	23.76M	25.8M	27.26M
Prepaid Expenses	-	-	598K	1.1M
Other Current Assets, Total	2.4M	2.98M	1.59M	99.08K
Total Current Assets	33.83M	34.59M	38.36M	45.39M
Gross Property Plant And Equipment	2.64M	2.36M	2.6M	10.64M
Accumulated Depreciation	-360K	-507K	-612K	-555K
Net Property Plant And Equipment	2.28M	1.85M	1.99M	10.09M
Deferred Tax Assets Long-Term	-	-	135K	1.17M
Deferred Charges Long-Term	-	422K	1.46M	-
Other Long-Term Assets, Total	-	-	-	49.5K
Total Assets	36.11M	36.86M	41.94M	56.69M
Liabilities
Accounts Payable, Total	12.26M	11.11M	12.68M	9.57M
Accrued Expenses, Total	255K	324K	13.2K	166K
Short-term Borrowings	5.48M	16.58M	304K	5.55M
Current Portion of Leases	714K	778K	889K	2.16M
Current Income Taxes Payable	-	-	2.12M	1.48M
Unearned Revenue Current, Total	1.33M	696K	1.84M	450K
Other Current Liabilities	1.95M	1.64M	987K	6.77M
Total Current Liabilities	22M	31.13M	18.83M	26.15M
Long-Term Debt	-	-	7.92M	-
Long-Term Leases	1.21M	660K	708K	7.45M
Total Liabilities	23.2M	31.79M	27.46M	33.6M
Common Stock, Total	40K	40K	40K	41.54K
Additional Paid In Capital	1.99M	1.99M	1.99M	6.61M
Retained Earnings	12.91M	5.07M	13.29M	16.44M
Comprehensive Income and Other	-2.03M	-2.03M	-832K	-
Total Common Equity	12.91M	5.07M	14.49M	23.1M
Total Equity	12.91M	5.07M	14.49M	23.1M
Total Liabilities And Equity	36.11M	36.86M	41.94M	56.69M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	40M	40M	41.3M	41.55M
ECS Total Common Shares Outstanding	40M	40M	40M	41.54M
Book Value / Share	0.32	0.13	0.36	0.56
Tangible Book Value	12.91M	5.07M	14.49M	23.1M
Tangible Book Value Per Share	0.32	0.13	0.36	0.56
Total Debt	7.4M	18.02M	9.82M	15.16M
Net Debt	6.12M	17.07M	9.05M	4.95M
Debt Equivalent Oper. Leases	4.74M	6.2M	8.84M	19.2M
Account Code - Inventory Valuation	-	5	5	5
Inventories - Raw Materials, Total	4.18M	4.05M	5.4M	4.86M
Inventories - Finished Goods, Total	12.86M	14.81M	16.78M	18M
Inventories - Others	5.27M	4.91M	4.06M	4.87M
Machinery, Total	708K	867K	921K	996K
Full Time Employees	-	-	126	100
Accumulated Allowance for Doubtful Accounts (Supple)	452K	354K	557K	505K

Fiscal Period: December	2021	2022	2023	2024
Net Income	4.72M	4.16M	10.42M	3.15M
Depreciation & Amortization - CF	737K	884K	1.17M	1.75M
Depreciation & Amortization, Total	737K	884K	1.17M	1.75M
(Gain) Loss From Sale Of Asset	-	-	-15.78K	-36K
Stock-Based Compensation (CF)	-	-	-	1.2M
Provision and Write-off of Bad Debts	-76.19K	-93.62K	802K	-52.17K
Other Operating Activities, Total	4.56K	4.02K	312K	3.42M
Change In Accounts Receivable	-3.36M	1.09M	-3.54M	3.03M
Change In Inventories	-382K	-2.08M	-1.09M	-770K
Change In Accounts Payable	-2.28M	-1.15M	1.36M	-762K
Change in Unearned Revenues	303K	-637K	1.14M	-1.39M
Change In Income Taxes	-	-	2.12M	-639K
Change in Other Net Operating Assets	-962K	-1.56M	-1.76M	-2.23M
Cash from Operations	-1.3M	621K	10.91M	6.67M
Capital Expenditure	-240K	-198K	-135K	-388K
Sale of Property, Plant, and Equipment	-	-	13.5K	162K
Cash from Investing	-240K	-198K	-121K	-226K
Short Term Debt Issued, Total	5M	5.1M	3.45M	-
Total Debt Issued	5M	5.1M	3.45M	-
Short Term Debt Repaid, Total	-2.43M	-6M	-14.16M	-2.68M
Long-Term Debt Repaid, Total	-55.97K	-42.5K	-47.05K	-41.65K
Total Debt Repaid	-2.48M	-6.04M	-14.2M	-2.72M
Issuance of Common Stock	-	-	602K	5.96M
Other Financing Activities, Total	-	178K	-825K	-247K
Cash from Financing	2.52M	-764K	-10.97M	3M
Net Change in Cash	982K	-341K	-182K	9.44M
Supplemental Items
Cash Interest Paid	439K	805K	519K	98.67K
Cash Income Tax Paid (Refund)	-	-	143K	2.7M
Levered Free Cash Flow	-	-83.14K	8.84M	10.15M
Unlevered Free Cash Flow	-	434K	9.17M	10.21M
Change In Net Working Capital	-	3.13M	-57.07K	-3.22M
Net Debt Issued / Repaid	2.52M	-943K	-10.75M	-2.72M

Fiscal Period: December	2021	2022	2023	2024
Profitability
Return on Assets	-	7.89	20.5	8.98
Return on Total Capital	-	13.26	33.98	14.16
Return On Equity %	-	46.29	106.5	16.78
Return on Common Equity	-	46.29	106.5	16.78
Margin Analysis
Gross Profit Margin %	20.64	25.66	31.22	30.88
SG&A Margin	15.34	20.34	19.98	24.2
EBITDA Margin %	5.51	5.54	11.4	6.52
EBITA Margin %	5.3	5.32	11.23	6.37
EBIT Margin %	5.3	5.32	11.23	6.37
Income From Continuing Operations Margin %	5.71	4.81	9.05	2.84
Net Income Margin %	5.71	4.81	9.05	2.84
Net Avail. For Common Margin %	5.71	4.81	9.05	2.84
Normalized Net Income Margin	3.03	2.86	6.8	4.51
Levered Free Cash Flow Margin	-	-0.1	7.69	9.12
Unlevered Free Cash Flow Margin	-	0.5	7.97	9.18
Asset Turnover
Asset Turnover	-	2.37	2.92	2.25
Fixed Assets Turnover	-	41.9	59.9	18.41
Receivables Turnover (Average Receivables)	-	11.8	14.03	13.77
Inventory Turnover (Average Inventory)	-	2.79	3.19	2.9
Short Term Liquidity
Current Ratio	1.54	1.11	2.04	1.74
Quick Ratio	0.41	0.25	0.55	0.65
Operating Cash Flow to Current Liabilities	-0.06	0.02	0.58	0.26
Days Sales Outstanding (Average Receivables)	-	30.92	26.01	26.58
Days Outstanding Inventory (Average Inventory)	-	130.74	114.32	126.32
Average Days Payable Outstanding	-	64.86	53.49	46.51
Cash Conversion Cycle (Average Days)	-	96.8	86.84	106.4
Long Term Solvency
Total Debt/Equity	57.36	355.42	67.79	65.62
Total Debt / Total Capital	36.45	78.04	40.4	39.62
LT Debt/Equity	9.34	13.01	59.55	32.24
Long-Term Debt / Total Capital	5.93	2.86	35.49	19.47
Total Liabilities / Total Assets	64.25	86.24	65.46	59.26
EBIT / Interest Expense	9.63	5.56	24.91	71.8
EBITDA / Interest Expense	11.32	6.72	27.42	97.87
(EBITDA - Capex) / Interest Expense	10.79	6.48	27.16	93.93
Total Debt / EBITDA	1.44	3.24	0.69	1.57
Net Debt / EBITDA	1.19	3.07	0.64	0.51
Total Debt / (EBITDA - Capex)	1.51	3.36	0.7	1.64
Net Debt / (EBITDA - Capex)	1.25	3.18	0.64	0.53
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-	4.8	32.95	-3.33
Gross Profit, 1 Yr. Growth %	-	30.3	61.73	-4.37
EBITDA, 1 Yr. Growth %	-	5.34	173.78	-44.68
EBITA, 1 Yr. Growth %	-	5.31	180.63	-45.18
EBIT, 1 Yr. Growth %	-	5.31	180.63	-45.18
Earnings From Cont. Operations, 1 Yr. Growth %	-	-11.81	150.27	-69.72
Net Income, 1 Yr. Growth %	-	-11.81	150.27	-69.72
Normalized Net Income, 1 Yr. Growth %	-	-1.06	215.83	-35.52
Diluted EPS Before Extra, 1 Yr. Growth %	-	-11.81	150.27	-70.42
Accounts Receivable, 1 Yr. Growth %	-	-12.74	40.03	-31.12
Inventory, 1 Yr. Growth %	-	6.48	8.58	5.65
Net Property, Plant and Equip., 1 Yr. Growth %	-	-18.91	7.69	406.59
Total Assets, 1 Yr. Growth %	-	2.08	13.78	35.16
Tangible Book Value, 1 Yr. Growth %	-	-60.72	185.71	59.42
Common Equity, 1 Yr. Growth %	-	-60.72	185.71	59.42
Cash From Operations, 1 Yr. Growth %	-	-147.92	1.66K	-38.82
Capital Expenditures, 1 Yr. Growth %	-	-17.74	-31.92	188.04
Levered Free Cash Flow, 1 Yr. Growth %	-	-	-4.02K	14.74
Unlevered Free Cash Flow, 1 Yr. Growth %	-	-	3.04K	11.36
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-	-	18.04	13.37
Gross Profit, 2 Yr. CAGR %	-	-	45.17	24.37
EBITDA, 2 Yr. CAGR %	-	-	69.82	23.07
EBITA, 2 Yr. CAGR %	-	-	71.91	24.04
EBIT, 2 Yr. CAGR %	-	-	71.91	24.04
Earnings From Cont. Operations, 2 Yr. CAGR %	-	-	48.57	-12.94
Net Income, 2 Yr. CAGR %	-	-	48.57	-12.94
Normalized Net Income, 2 Yr. CAGR %	-	-	76.77	42.32
Diluted EPS Before Extra, 2 Yr. CAGR %	-	-	48.57	-14.02
Accounts Receivable, 2 Yr. CAGR %	-	-	10.54	-1.79
Inventory, 2 Yr. CAGR %	-	-	7.52	7.1
Net Property, Plant and Equip., 2 Yr. CAGR %	-	-	-6.55	133.57
Total Assets, 2 Yr. CAGR %	-	-	7.77	24.01
Tangible Book Value, 2 Yr. CAGR %	-	-	5.94	113.42
Common Equity, 2 Yr. CAGR %	-	-	5.94	113.42
Cash From Operations, 2 Yr. CAGR %	-	-	190.1	227.71
Capital Expenditures, 2 Yr. CAGR %	-	-	-25.17	40.03
Levered Free Cash Flow, 2 Yr. CAGR %	-	-	-	570.72
Unlevered Free Cash Flow, 2 Yr. CAGR %	-	-	-	491.35
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-	-	-	10.44
Gross Profit, 3 Yr. CAGR %	-	-	-	26.31
EBITDA, 3 Yr. CAGR %	-	-	-	16.85
EBITA, 3 Yr. CAGR %	-	-	-	17.45
EBIT, 3 Yr. CAGR %	-	-	-	17.45
Earnings From Cont. Operations, 3 Yr. CAGR %	-	-	-	-12.56
Net Income, 3 Yr. CAGR %	-	-	-	-12.56
Normalized Net Income, 3 Yr. CAGR %	-	-	-	26.08
Diluted EPS Before Extra, 3 Yr. CAGR %	-	-	-	-13.29
Accounts Receivable, 3 Yr. CAGR %	-	-	-	-5.59
Inventory, 3 Yr. CAGR %	-	-	-	6.89
Net Property, Plant and Equip., 3 Yr. CAGR %	-	-	-	64.16
Total Assets, 3 Yr. CAGR %	-	-	-	16.22
Tangible Book Value, 3 Yr. CAGR %	-	-	-	21.4
Common Equity, 3 Yr. CAGR %	-	-	-	21.4
Cash From Operations, 3 Yr. CAGR %	-	-	-	72.64
Capital Expenditures, 3 Yr. CAGR %	-	-	-	17.28