Grayscale Ethereum Mini Trust (ETH)

Industry: Asset Management - Cryptocurrency Sector: Financial Services Currency Used: US Live Price: $31.12

Enterprise Value

Metric	MRQ	MRQ-1	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997	1996	1995
Stock Price	39.18	23.72	26.71	29.53	32.70	32.70	32.70	32.70	32.70	32.70	32.70	32.70	32.70	32.70	32.70	32.70	32.70	32.70	32.70	32.70	32.70	32.70	32.70	32.70	32.70	32.70	32.70	32.70	32.70	32.70	32.70	32.70	32.70
Market Capitalization	1,001.64M	910.21M	930.66M	1,508.52M	1,679.66M	1,670.91M	1,671.03M	1,596.95M	1,744.70M	1,801.52M	1,831.38M	1,838.49M	1,887.39M	1,907.29M	1,916.18M	1,888.55M	1,881.00M	1,897.65M	1,887.51M	1,890.65M	2,070.30M	2,159.57M	2,305.81M	2,439.42M	2,456.42M	2,533.20M	2,576.56M	2,615.87M	2,673.88M	2,820.51M	2,824.63M	2,798.01M	2,499.13M
(-) Cash & Equivalents	73.65M	76.18M	71.85M	62.01M	58.78M	95.81M	103.11M	82.79M	30.19M	36.42M	54.02M	56.97M	69.66M	108.06M	81.27M	71.01M	74.67M	72.89M	52.06M	75.69M	140.41M	179.78M	7.18M	102.27M	71.02M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
(+) Total Debt	125.37M	123.67M	123.96M	126.46M	104.65M	91.32M	95.19M	139.50M	61.72M	0.98M	11.22M	42.71M	71.93M	131.27M	137.22M	77.19M	170.93M	203.25M	203.13M	203.01M	202.89M	202.86M	8.52M	9.25M	10.27M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Enterprise Value	1,053.36M	957.70M	982.78M	1,572.96M	1,725.54M	1,666.43M	1,663.11M	1,653.66M	1,776.23M	1,766.08M	1,788.58M	1,824.22M	1,889.66M	1,930.50M	1,972.13M	1,894.73M	1,977.27M	2,028.01M	2,038.58M	2,017.97M	2,132.78M	2,182.65M	2,307.15M	2,346.40M	2,395.67M	2,533.20M	2,576.56M	2,615.87M	2,673.88M	2,820.51M	2,824.63M	2,798.01M	2,499.13M

Income Statement

Metric	TTM	TTM-1	2025-06-30	2024-06-30	2023-06-30	2022-06-30	2021-06-30	2020-06-30	2019-06-30	2018-06-30	2017-06-30	2016-06-30	2015-06-30	2014-06-30	2013-06-30	2012-06-30	2011-06-30	2010-06-30	2009-06-30	2008-06-30	2007-06-30	2006-06-30	2005-06-30	2004-06-30	2003-06-30	2002-06-30	2001-06-30	2000-06-30	1999-06-30	1998-06-30	1997-06-30	1996-06-30
Revenue	607M	613M	615M	646M	791M	818M	685M	590M	747M	767M	763M	794M	755M	747M	729M	729M	679M	590M	674M	980M	1,005M	1,066M	949M	955M	907M	892M	904M	856M	762M	679M	572M	510M
Cost of Revenue	239M	241M	243M	253M	311M	333M	292M	267M	337M	351M	344M	352M	343M	340M	331M	339M	330M	310M	327M	454M	479M	525M	488M	494M	458M	471M	490M	439M	391M	348M	308M	288M
Gross Profit	368M	372M	372M	393M	480M	485M	393M	323M	409M	416M	420M	442M	411M	406M	398M	390M	349M	280M	347M	526M	527M	541M	461M	461M	449M	421M	414M	418M	371M	331M	264M	222M
Gross Profit Margin	60.7%	60.6%	60.5%	60.8%	60.7%	59.3%	57.4%	54.8%	54.8%	54.2%	55.0%	55.7%	54.5%	54.4%	54.6%	53.5%	51.5%	47.5%	51.5%	53.7%	52.4%	50.7%	48.6%	48.3%	49.5%	47.2%	45.8%	48.8%	48.7%	48.7%	46.2%	43.5%
R&D Expenses	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
SG&A Expenses	233M	307M	310M	315M	346M	350M	313M	312M	357M	367M	362M	353M	345M	337M	338M	341M	316M	290M	353M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Operating Expenses	313M	312M	310M	315M	339M	346M	316M	308M	375M	367M	362M	353M	349M	337M	339M	341M	316M	290M	353M	423M	402M	394M	332M	321M	316M	286M	281M	271M	238M	212M	179M	167M
Operating Income (EBIT)	55M	60M	62M	78M	141M	138M	77M	15M	34M	49M	58M	89M	62M	70M	59M	50M	33M	-9M	-6M	103M	125M	147M	129M	140M	134M	135M	133M	146M	133M	119M	85M	55M
Operating Income Margin	9.1%	9.8%	10.1%	12.1%	17.8%	16.9%	11.3%	2.5%	4.6%	6.4%	7.6%	11.2%	8.2%	9.3%	8.1%	6.8%	4.9%	-1.6%	-0.9%	10.5%	12.4%	13.8%	13.6%	14.7%	14.7%	15.1%	14.7%	17.1%	17.4%	17.6%	14.9%	10.7%
Interest Income	2M	-2M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Interest Expense	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	1M	2M	9M	8M	10M	9M	11M	12M	12M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Net Interest Income	2M	-2M	0M	0M	0M	0M	0M	0M	0M	0M	-1M	-2M	-9M	-8M	-10M	-9M	-11M	-12M	-12M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Unusual Items	7M	14M	7M	8M	0M	0M	0M	0M	0M	1M	0M	0M	4M	0M	1M	1M	4M	2M	-64M	-11M	-15M	-9M	1M	-10M	-13M	-3M	-5M	1M	0M	-1M	-5M	-8M
EBT Excluding Unusual Items	57M	57M	62M	78M	141M	139M	77M	14M	34M	49M	57M	88M	53M	62M	49M	41M	22M	-21M	-18M	103M	125M	147M	129M	140M	134M	135M	133M	146M	133M	119M	85M	55M
Pre-Tax Income	63M	72M	69M	85M	141M	138M	76M	14M	34M	49M	57M	88M	57M	62M	50M	41M	26M	-19M	-81M	92M	110M	138M	129M	130M	121M	132M	128M	147M	133M	119M	81M	47M
Pre-Tax Margin	10.4%	11.7%	11.2%	13.2%	17.8%	16.9%	11.2%	2.4%	4.5%	6.4%	7.5%	11.1%	7.5%	8.4%	6.9%	5.7%	3.9%	-3.2%	-12.0%	9.4%	10.9%	13.0%	13.6%	13.7%	13.4%	14.8%	14.2%	17.1%	17.4%	17.4%	14.1%	9.2%
Income Tax Expense	16M	19M	17M	22M	35M	35M	16M	5M	8M	13M	21M	31M	20M	19M	18M	-8M	-3M	26M	-28M	34M	40M	52M	50M	50M	46M	50M	48M	56M	51M	47M	32M	19M
Net Income	47M	53M	52M	64M	106M	103M	60M	9M	26M	36M	36M	57M	37M	43M	32M	50M	29M	-44M	-53M	58M	69M	86M	79M	80M	75M	82M	80M	91M	81M	71M	49M	28M
Net Income Margin	7.8%	8.7%	8.4%	9.9%	13.4%	12.6%	8.8%	1.5%	3.4%	4.7%	4.7%	7.1%	4.9%	5.7%	4.5%	6.8%	4.3%	-7.5%	-7.8%	5.9%	6.9%	8.0%	8.4%	8.4%	8.3%	9.2%	8.8%	10.6%	10.7%	10.5%	8.5%	5.5%
Depreciation & Amortization	16M	-4M	0M	0M	16M	16M	16M	17M	20M	20M	20M	19M	19M	18M	18M	19M	21M	29M	26M	25M	23M	22M	21M	21M	21M	19M	20M	17M	16M	16M	16M	18M
EBITDA	71M	56M	62M	78M	157M	154M	94M	32M	54M	69M	78M	109M	81M	88M	77M	68M	54M	20M	20M	128M	148M	169M	150M	162M	155M	154M	153M	163M	149M	135M	102M	72M
EBITDA Margin	11.6%	9.1%	10.1%	12.1%	19.8%	18.9%	13.7%	5.4%	7.2%	9.0%	10.2%	13.7%	10.8%	11.7%	10.6%	9.3%	7.9%	3.4%	2.9%	13.0%	14.7%	15.8%	15.8%	16.9%	17.1%	17.3%	16.9%	19.0%	19.5%	19.9%	17.8%	14.2%
NOPAT	41M	44M	47M	58M	106M	103M	61M	9M	26M	36M	37M	57M	41M	48M	38M	60M	37M	-7M	-5M	65M	79M	91M	79M	86M	83M	84M	83M	90M	81M	72M	51M	33M
NOPAT Margin	6.8%	7.2%	7.6%	9.0%	13.4%	12.7%	8.9%	1.6%	3.5%	4.7%	4.8%	7.2%	5.4%	6.4%	5.2%	8.2%	5.4%	-1.2%	-0.7%	6.6%	7.8%	8.5%	8.3%	9.0%	9.2%	9.4%	9.1%	10.5%	10.7%	10.7%	9.0%	6.4%
Owner's Earnings	60M	39M	52M	54M	108M	106M	64M	10M	36M	44M	39M	53M	36M	42M	31M	45M	41M	-25M	-50M	23M	33M	66M	70M	79M	69M	70M	61M	65M	50M	57M	42M	32M
Owner's Earnings Margin	10.0%	6.4%	8.4%	8.4%	13.6%	12.9%	9.4%	1.7%	4.9%	5.7%	5.1%	6.7%	4.8%	5.6%	4.3%	6.2%	6.0%	-4.2%	-7.4%	2.3%	3.3%	6.2%	7.4%	8.2%	7.7%	7.9%	6.8%	7.6%	6.5%	8.4%	7.3%	6.3%
EPS (Basic)	1.70	2.08	2.01	2.50	4.13	4.05	2.37	0.34	0.96	1.32	1.29	2.00	1.27	1.47	1.11	1.72	1.02	-1.53	-1.83	1.98	2.19	2.58	2.24	2.16	2.00	2.12	2.02	2.25	1.97	1.65	1.13	0.64
EPS (Diluted)	1.14	1.04	2.01	1.24	2.07	2.02	1.18	0.17	0.48	0.66	0.65	1.00	0.64	0.73	0.56	0.85	0.50	-0.76	-0.91	0.99	1.07	1.26	1.10	1.05	0.98	1.03	0.99	1.10	0.96	0.81	0.56	0.32
Shares (Basic)	42M	51M	26M	51M	51M	51M	51M	52M	54M	55M	56M	57M	58M	58M	59M	58M	58M	58M	58M	59M	63M	66M	71M	74M	75M	78M	79M	81M	83M	86M	86M	87M
Shares (Diluted)	42M	51M	26M	51M	51M	51M	51M	52M	54M	55M	56M	57M	58M	59M	58M	58M	58M	58M	58M	59M	65M	68M	72M	77M	77M	80M	81M	82M	85M	88M	86M	87M

Product Segments

Metric	TTM	TTM-1	2025-06-30
Accent	—	—	116.76M
Case Goods Furniture	—	—	175.53M
Manufactured Product, Other	—	—	21.55M
Upholstery Furniture	—	—	300.81M

Geographic Segments

Metric	TTM	TTM-1	2025-06-30
Wholesale Segment	—	—	359.06M

Balance Sheet

Metric	MRQ	MRQ-1	2025-06-30	2024-06-30	2023-06-30	2022-06-30	2021-06-30	2020-06-30	2019-06-30	2018-06-30	2017-06-30	2016-06-30	2015-06-30	2014-06-30	2013-06-30	2012-06-30	2011-06-30	2010-06-30	2009-06-30	2008-06-30	2007-06-30	2006-06-30	2005-06-30	2004-06-30	2003-06-30
Cash & Cash Equivalents	73.65M	76.18M	76.18M	69.71M	62.13M	109.92M	104.60M	72.28M	20.82M	22.36M	57.70M	52.66M	76.18M	109.18M	72.60M	79.72M	78.52M	73.85M	52.96M	74.38M	147.88M	173.80M	3.45M	27.53M	81.86M
Short-Term Investments	0.00M	0.00M	0.00M	91.32M	110.58M	11.20M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	2.20M	18.15M	15.53M	9.01M	12.91M	11.08M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Cash & Short-Term Investments	73.65M	76.18M	76.18M	161.03M	172.71M	121.12M	104.60M	72.28M	20.82M	22.36M	57.70M	52.66M	78.38M	127.33M	88.13M	88.73M	91.43M	84.93M	52.96M	74.38M	147.88M	173.80M	3.45M	27.53M	81.86M
Net Receivables	5.69M	0.00M	6.07M	6.77M	11.58M	17.02M	9.03M	8.09M	14.25M	12.36M	12.29M	9.47M	12.55M	12.43M	12.28M	14.92M	15.04M	17.11M	13.09M	12.67M	14.60M	22.18M	28.02M	26.97M	26.44M
Inventory	139.92M	0.00M	140.89M	142.04M	149.20M	176.50M	143.98M	126.10M	162.39M	163.01M	149.48M	162.32M	151.92M	146.28M	137.26M	155.74M	141.69M	134.04M	156.52M	186.27M	181.88M	189.65M	186.48M	186.90M	198.21M
Other Current Assets	80.08M	233.76M	86.80M	22.85M	25.97M	32.11M	37.68M	23.48M	18.83M	16.69M	23.62M	23.76M	27.83M	19.60M	22.91M	23.41M	20.37M	23.62M	29.14M	36.87M	38.06M	38.13M	46.44M	54.19M	53.76M
Total Current Assets	299.34M	309.93M	309.93M	332.68M	359.45M	346.75M	295.28M	229.95M	216.29M	214.43M	243.10M	248.20M	270.67M	305.63M	260.57M	282.79M	268.53M	259.69M	251.70M	310.18M	382.43M	423.76M	264.39M	295.58M	360.26M
Property, Plant & Equipment	320.04M	319.41M	319.41M	329.50M	338.03M	324.31M	340.18M	346.02M	245.25M	267.90M	270.20M	273.62M	277.04M	288.16M	291.67M	295.70M	294.85M	305.75M	333.60M	350.43M	322.19M	294.17M	275.21M	277.02M	289.42M
Goodwill	25.39M	25.39M	25.39M	25.39M	25.39M	25.39M	25.39M	25.39M	25.39M	25.39M	25.40M	25.40M	25.40M	25.40M	25.43M	25.40M	25.40M	0.00M	0.00M	0.00M	0.00M	87.90M	0.00M	0.00M	0.00M
Intangible Assets	19.74M	19.74M	19.74M	19.74M	19.74M	19.74M	19.74M	19.74M	19.74M	19.74M	19.73M	19.73M	19.73M	19.73M	19.70M	19.73M	19.73M	45.13M	45.13M	96.82M	92.50M	0.00M	82.90M	80.04M	78.94M
Long-Term Investments	70.05M	60.03M	60.03M	34.77M	0.00M	0.00M	-1.08M	-0.14M	-2.11M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	15.42M	16.39M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Tax Assets	0.36M	0.37M	0.37M	0.82M	0.00M	0.00M	1.08M	0.14M	2.11M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Other Non-Current Assets	2.19M	2.23M	2.23M	2.01M	2.84M	3.71M	2.66M	1.69M	3.69M	2.98M	9.80M	10.46M	13.14M	15.52M	19.92M	5.76M	3.43M	21.21M	16.06M	4.54M	5.48M	6.42M	5.89M	1.79M	2.94M
Other Assets	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Total Non-Current Assets	437.77M	427.17M	427.17M	412.23M	386.00M	373.15M	387.97M	392.84M	294.06M	316.01M	325.12M	329.21M	335.30M	348.81M	356.72M	362.00M	359.80M	372.09M	394.78M	451.80M	420.17M	388.49M	364.00M	358.85M	371.31M
Total Assets	737.11M	737.10M	737.10M	744.92M	745.45M	719.90M	683.25M	622.79M	510.35M	530.43M	568.22M	577.41M	605.98M	654.43M	617.29M	644.79M	628.33M	631.78M	646.49M	761.97M	802.60M	812.24M	628.39M	654.43M	731.57M
Accounts Payable	0.00M	0.00M	0.00M	0.00M	28.57M	37.37M	37.79M	25.60M	34.17M	33.29M	16.96M	15.44M	18.95M	24.32M	23.00M	27.32M	26.96M	23.95M	22.20M	26.44M	26.65M	30.56M	19.35M	22.22M	25.38M
Short-Term Debt	26.87M	27.40M	27.40M	27.39M	0.00M	0.00M	27.40M	27.37M	0.55M	0.58M	2.73M	3.00M	3.03M	0.50M	0.48M	0.25M	0.02M	3.90M	0.04M	0.04M	0.04M	0.04M	0.24M	4.71M	1.00M
Tax Payables	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Deferred Revenue	77.17M	0.00M	75.07M	73.47M	0.00M	0.00M	130.64M	64.03M	56.71M	61.25M	62.96M	60.96M	67.97M	59.68M	59.10M	65.47M	62.65M	52.61M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Other Current Liabilities	53.50M	125.45M	50.38M	52.84M	134.53M	178.27M	28.09M	21.99M	31.40M	26.14M	43.79M	43.95M	50.71M	51.54M	50.37M	58.05M	64.99M	65.29M	90.22M	109.02M	120.75M	115.12M	114.37M	109.76M	108.06M
Total Current Liabilities	157.54M	152.85M	152.85M	153.70M	163.10M	215.64M	223.90M	138.98M	122.83M	121.26M	126.45M	123.35M	140.66M	136.05M	132.94M	151.08M	154.62M	145.74M	112.46M	135.50M	147.44M	145.72M	133.97M	136.69M	134.43M
Long-Term Debt	98.49M	96.26M	96.26M	100.90M	104.51M	90.09M	98.70M	152.23M	0.52M	1.10M	11.61M	38.84M	73.20M	130.41M	130.81M	154.25M	165.01M	199.37M	203.11M	202.99M	202.87M	202.75M	12.27M	4.51M	9.22M
Capital Lease Obligations	125.37M	123.67M	123.67M	128.28M	130.93M	116.33M	126.62M	130.06M	1.07M	1.68M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Deferred Tax Liabilities	2.18M	2.05M	2.05M	3.04M	0.00M	0.00M	7.00M	1.07M	1.07M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	8.03M	9.08M	0.00M	27.33M	30.65M	34.18M	35.64M	51.25M	47.54M
Other Non-Current Liabilities	3.50M	3.66M	3.66M	4.37M	6.85M	6.84M	9.23M	3.52M	23.08M	24.21M	29.27M	23.02M	21.58M	20.51M	19.18M	17.59M	18.98M	19.12M	24.99M	20.38M	12.00M	12.15M	12.45M	1.21M	2.68M
Total Non-Current Liabilities	229.54M	225.65M	225.65M	236.59M	242.28M	213.25M	241.54M	286.88M	25.73M	26.98M	40.88M	61.86M	94.78M	150.92M	149.99M	171.84M	192.02M	227.58M	228.10M	250.70M	245.52M	249.08M	60.35M	56.96M	59.44M
Total Liabilities	387.08M	378.50M	378.50M	390.29M	405.38M	428.90M	465.44M	425.86M	148.56M	148.24M	167.33M	185.21M	235.44M	286.97M	282.93M	322.92M	346.64M	373.32M	340.56M	386.20M	392.96M	394.80M	194.32M	193.65M	193.87M
Preferred Stock	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Common Stock	0.50M	0.50M	0.50M	0.50M	0.49M	0.49M	0.49M	0.49M	0.49M	0.49M	0.49M	0.49M	0.49M	0.49M	0.49M	0.49M	0.48M	0.48M	0.48M	0.48M	0.47M	0.47M	0.47M	0.46M	0.45M
Retained Earnings	778.97M	784.88M	784.88M	783.37M	769.82M	710.37M	655.35M	638.63M	647.71M	669.01M	661.98M	646.32M	607.08M	584.40M	553.08M	542.92M	501.91M	479.34M	531.75M	606.65M	573.54M	529.50M	467.57M	414.04M	460.46M
Accumulated OCI	-5.10M	-5.69M	-5.69M	-4.19M	-2.79M	-6.46M	-5.93M	-8.44M	-5.65M	-6.17M	-4.13M	-4.85M	-2.64M	0.64M	0.68M	1.14M	2.26M	1.24M	0.47M	2.70M	1.37M	0.94M	1.05M	0.60M	0.58M
Minority Interest	-0.09M	-0.09M	-0.09M	-0.06M	-0.02M	-0.03M	-0.03M	0.00M	0.06M	0.14M	0.19M	0.20M	0.28M	0.25M	0.21M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Total Shareholders’ Equity	774.36M	779.69M	779.69M	779.67M	767.53M	704.40M	649.91M	630.68M	642.55M	663.33M	658.34M	641.96M	604.93M	585.52M	554.25M	544.54M	504.65M	481.07M	532.70M	609.83M	575.38M	530.90M	469.08M	415.10M	461.49M
Total Equity	774.27M	779.60M	779.60M	779.61M	767.51M	704.38M	649.88M	630.68M	642.61M	663.47M	658.53M	642.16M	605.21M	585.78M	554.46M	544.54M	504.65M	481.07M	532.70M	609.83M	575.38M	530.90M	469.08M	415.10M	461.49M
Total Liabilities & Equity	1,161.36M	1,158.10M	1,158.10M	1,169.89M	1,172.88M	1,133.27M	1,115.32M	1,056.54M	791.17M	811.71M	825.85M	827.37M	840.65M	872.74M	837.39M	867.46M	851.29M	854.39M	873.26M	996.03M	968.34M	925.70M	663.40M	608.75M	655.36M
Tangible Assets	691.98M	691.97M	691.97M	699.79M	700.33M	674.77M	638.12M	577.66M	465.22M	485.31M	523.09M	532.28M	560.85M	609.31M	572.16M	599.66M	583.20M	586.65M	601.36M	665.15M	710.10M	724.34M	545.49M	574.39M	652.63M
Tangible Equity	729.15M	734.47M	734.47M	734.48M	722.38M	659.25M	604.75M	585.55M	597.49M	618.34M	613.40M	597.03M	560.08M	540.65M	509.33M	499.42M	459.52M	435.94M	487.57M	513.01M	482.88M	443.00M	386.19M	335.06M	382.55M
Tangible Book Value	729.15M	734.47M	734.47M	734.48M	722.38M	659.25M	604.75M	585.55M	597.49M	618.34M	613.40M	597.03M	560.08M	540.65M	509.33M	499.42M	459.52M	435.94M	487.57M	513.01M	482.88M	443.00M	386.19M	335.06M	382.55M
Total Investments	70.05M	60.03M	60.03M	126.09M	110.58M	11.20M	-1.08M	-0.14M	-2.11M	0.00M	0.00M	0.00M	2.20M	18.15M	15.53M	24.42M	29.30M	11.08M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Net Debt	51.72M	47.49M	47.49M	58.57M	42.38M	-19.83M	21.50M	107.32M	-19.76M	-20.68M	-43.36M	-10.82M	0.06M	21.74M	58.69M	74.78M	86.51M	129.42M	150.19M	128.65M	55.03M	28.99M	9.06M	-18.31M	-71.64M

Capital Metrics

Metric	MRQ	MRQ-1	2025-06-30	2024-06-30	2023-06-30	2022-06-30	2021-06-30	2020-06-30	2019-06-30	2018-06-30	2017-06-30	2016-06-30	2015-06-30	2014-06-30	2013-06-30	2012-06-30	2011-06-30	2010-06-30	2009-06-30	2008-06-30	2007-06-30	2006-06-30	2005-06-30	2004-06-30	2003-06-30
Working Capital	141.8M	157.1M	157.1M	179.0M	196.4M	131.1M	71.4M	91.0M	93.5M	93.2M	116.7M	124.9M	130.0M	169.6M	127.6M	131.7M	113.9M	114.0M	139.2M	174.7M	235.0M	278.0M	130.4M	158.9M	225.8M
Total Capital	600.8M	606.0M	606.0M	611.3M	575.5M	497.4M	450.1M	480.3M	364.4M	384.8M	415.0M	433.8M	446.5M	498.1M	465.4M	476.4M	446.7M	461.7M	509.1M	578.8M	612.6M	620.2M	446.6M	470.0M	547.9M
Capital Employed	579.6M	584.2M	584.2M	591.2M	582.4M	504.3M	459.3M	483.8M	387.5M	409.2M	441.8M	454.1M	465.3M	518.4M	484.3M	493.7M	473.7M	486.0M	534.0M	626.5M	655.2M	666.5M	494.4M	517.7M	597.1M
Invested Capital	527.2M	529.8M	529.8M	541.6M	513.4M	387.5M	345.5M	408.0M	343.6M	362.5M	357.3M	381.2M	370.3M	389.0M	392.8M	396.6M	368.2M	387.9M	456.1M	504.4M	464.7M	446.4M	443.1M	442.5M	466.1M

Cash Flow Statement

Metric	TTM	TTM-1	2025-06-30	2024-06-30	2023-06-30	2022-06-30	2021-06-30	2020-06-30	2019-06-30	2018-06-30	2017-06-30	2016-06-30	2015-06-30	2014-06-30	2013-06-30	2012-06-30	2011-06-30	2010-06-30	2009-06-30	2008-06-30	2007-06-30	2006-06-30	2005-06-30	2004-06-30	2003-06-30	2002-06-30	2001-06-30	2000-06-30	1999-06-30	1998-06-30	1997-06-30	1996-06-30
Net Income	54.05M	53.13M	0.05M	63.82M	105.81M	103.28M	60.01M	8.90M	25.70M	36.37M	36.19M	56.64M	37.14M	42.93M	32.48M	49.69M	29.25M	-44.32M	-52.69M	58.07M	69.23M	85.68M	79.34M	80.34M	75.38M	82.26M	79.68M	90.57M	81.30M	71.10M	48.70M	28.10M
Depreciation & Amortization	350.27M	15.89M	0.02M	15.96M	15.61M	15.99M	16.39M	16.86M	19.53M	19.83M	20.12M	19.35M	19.14M	17.93M	18.01M	18.58M	20.82M	29.40M	25.64M	24.67M	23.01M	21.60M	21.34M	21.28M	21.30M	19.31M	20.22M	16.98M	16.30M	15.90M	16.40M	17.50M
Deferred Income Tax	0.13M	-0.42M	0.00M	-0.21M	0.00M	0.00M	3.01M	2.52M	-3.51M	-0.11M	3.51M	0.67M	3.92M	-3.03M	2.77M	-19.52M	-0.06M	33.79M	-32.16M	-2.36M	0.20M	-0.79M	3.94M	0.66M	4.75M	0.19M	0.00M	-1.81M	0.00M	0.70M	0.60M	0.60M
Stock-Based Compensation	0.29M	1.68M	0.00M	1.45M	1.29M	1.14M	1.27M	0.33M	0.12M	0.95M	1.26M	2.36M	1.24M	1.33M	1.40M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Change in Working Capital	0.00M	-3.83M	0.00M	0.00M	5.27M	-65.62M	-59.25M	-0.47M	-0.79M	-14.78M	13.39M	-13.58M	-9.56M	-3.07M	5.43M	-14.36M	12.04M	31.48M	22.79M	4.50M	21.40M	17.36M	0.13M	16.44M	-11.32M	20.39M	-13.59M	-1.36M	-12.90M	-3.20M	11.20M	14.70M
Accounts Receivable	0.37M	0.48M	0.00M	4.81M	5.44M	-7.99M	-0.93M	6.02M	-0.57M	-0.68M	-2.83M	2.93M	-0.56M	-0.15M	1.92M	-0.46M	0.19M	-4.20M	-0.78M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Inventory	0.97M	2.45M	0.00M	6.19M	27.31M	-32.53M	-18.52M	33.34M	0.96M	-11.88M	13.51M	-9.98M	-5.04M	-9.02M	18.57M	-12.53M	-5.28M	22.86M	31.43M	-0.09M	14.53M	3.48M	0.76M	13.17M	-13.97M	16.64M	-18.96M	-9.24M	-25.00M	-6.80M	2.70M	6.90M
Accounts Payable	2.12M	-2.10M	0.00M	-1.73M	0.00M	0.00M	-35.31M	-45.02M	-1.52M	1.81M	1.52M	-3.51M	-5.35M	1.30M	-4.32M	0.36M	5.60M	-0.84M	-3.84M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Other Working Capital	0.00M	2.87M	0.00M	0.00M	-27.48M	-25.11M	-39.80M	-39.84M	-1.18M	-2.22M	2.71M	-6.52M	-3.96M	6.10M	-15.07M	-1.73M	11.53M	13.65M	-4.03M	4.59M	6.86M	13.88M	-0.63M	3.27M	2.65M	3.75M	5.37M	7.88M	12.10M	3.60M	8.50M	7.80M
Other Non-Cash Items	-382.03M	2.52M	-0.01M	-0.82M	-27.32M	14.57M	111.50M	27.08M	10.69M	0.12M	7.67M	-6.40M	7.14M	0.78M	3.99M	1.61M	0.19M	-1.29M	56.64M	1.26M	5.35M	7.75M	-1.41M	6.82M	10.37M	3.17M	1.28M	0.47M	2.00M	3.10M	0.50M	0.00M
Net Cash from Operating Activities	22.71M	68.97M	0.06M	80.20M	100.66M	69.36M	129.91M	52.70M	55.25M	42.50M	78.63M	58.37M	55.11M	59.89M	61.30M	37.70M	63.16M	51.33M	21.93M	86.14M	119.19M	131.59M	103.34M	125.53M	100.48M	125.32M	87.59M	104.85M	86.70M	87.60M	77.40M	60.90M
Capital Expenditures (PPE)	-2.40M	-9.99M	-0.01M	-9.61M	-13.89M	-13.39M	-12.03M	-15.71M	-9.12M	-12.49M	-17.65M	-23.13M	-19.79M	-19.31M	-19.01M	-22.88M	-9.09M	-9.92M	-22.54M	-60.04M	-59.07M	-41.51M	-30.30M	-23.04M	-27.21M	-31.08M	-38.52M	-42.07M	-47.80M	-29.70M	-23.40M	-13.30M
Acquisitions (Net)	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	-1.35M	-0.53M	-6.29M	-0.68M	-0.17M	-1.99M	19.31M	-0.77M	-0.52M	-2.96M	-0.05M	-1.37M	-7.78M	-15.30M	-7.79M	-4.08M	-1.44M	-11.33M	-42.40M	-9.72M	-12.63M	0.00M	0.00M	0.00M	0.00M
Purchases of Investments	-10.00M	-160.16M	0.01M	-134.91M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	22.97M	19.79M	-18.27M	-18.25M	-3.65M	-9.47M	-28.68M	0.00M	0.00M	0.00M	0.00M	-12.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	-12.30M	-18.00M	0.00M
Sales / Maturities of Investments	9.95M	150.54M	0.00M	124.48M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	2.15M	15.43M	14.88M	11.17M	7.23M	7.32M	0.20M	0.00M	0.00M	0.00M	0.00M	12.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	30.30M	0.00M	0.00M
Other Investing Activities	1.35M	12.77M	0.00M	0.05M	-87.64M	-0.58M	4.91M	12.44M	0.15M	0.53M	1.45M	10.61M	25.21M	7.25M	-1.83M	3.66M	4.56M	13.36M	6.38M	6.48M	5.63M	4.48M	11.87M	5.53M	5.30M	5.02M	9.75M	1.92M	2.30M	2.10M	2.20M	2.80M
Net Cash from Investing Activities	-1.10M	-6.84M	0.00M	-19.99M	-101.52M	-13.97M	-7.12M	-4.62M	-9.50M	-18.24M	-16.87M	-12.53M	3.43M	-12.06M	-21.60M	-16.16M	-9.64M	-25.09M	-17.53M	-61.33M	-68.74M	-44.82M	-22.51M	-18.95M	-33.24M	-68.47M	-38.49M	-52.78M	-45.50M	-9.60M	-39.20M	-10.50M
Net Debt Issuance	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Long-Term Debt Issuance	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Short-Term Debt Issuance	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Net Stock Issuance	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Common Stock Issuance	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.08M	0.00M	0.00M	0.47M	0.52M	2.35M	5.64M	4.55M	2.22M	1.75M	0.76M	2.35M	0.70M	1.30M	2.10M	1.50M
Common Stock Repurchased	0.00M	0.00M	0.00M	0.00M	-0.81M	-0.84M	-0.08M	-24.32M	-0.05M	-23.12M	-10.25M	-19.35M	-17.55M	0.00M	0.00M	-1.35M	-5.38M	0.00M	0.00M	-75.58M	-57.15M	-84.11M	-94.36M	-38.35M	-50.70M	-24.67M	-1.07M	-49.61M	-45.10M	-23.30M	-7.20M	-3.90M
Preferred Stock Issuance	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Net Dividends Paid	-16.36M	-61.28M	-0.05M	-50.27M	-46.36M	-48.26M	-43.29M	-21.47M	-46.99M	-29.51M	-20.03M	-16.65M	-13.35M	-11.30M	-22.22M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Common Dividends Paid	-16.36M	-61.28M	-0.05M	-50.27M	-46.36M	-48.26M	-43.29M	-21.47M	-46.99M	-29.51M	-20.03M	-16.65M	-13.35M	-11.30M	-22.22M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Preferred Dividends Paid	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Other Financing Activities	-22.62M	-4.22M	0.00M	-2.06M	-1.23M	-0.74M	-47.70M	25.17M	-0.35M	-37.38M	-37.31M	-52.47M	-77.62M	0.05M	-24.35M	-20.88M	-49.08M	-6.04M	-25.04M	-98.55M	-76.56M	83.55M	-105.06M	-160.96M	-61.08M	-29.28M	-15.01M	-47.02M	-51.60M	-80.50M	-25.40M	-48.90M
Net Cash from Financing Activities	-38.99M	-65.50M	-0.05M	-52.33M	-47.59M	-49.00M	-90.99M	3.70M	-47.34M	-66.89M	-57.34M	-69.11M	-90.96M	-11.25M	-46.57M	-20.88M	-49.08M	-6.04M	-25.04M	-98.55M	-76.56M	83.55M	-105.06M	-160.96M	-61.08M	-29.28M	-15.01M	-47.02M	-51.60M	-80.50M	-25.40M	-48.90M
Effect of FX on Cash	0.05M	-0.66M	0.00M	-0.28M	0.20M	-0.11M	0.51M	-0.33M	0.05M	-0.03M	0.14M	-0.25M	-0.57M	0.00M	-0.25M	0.54M	0.23M	0.69M	-0.79M	0.24M	0.19M	0.03M	0.15M	0.05M	0.00M	0.00M	0.00M	0.00M	0.00M	-78.00M	-38.20M	-50.40M
Net Change in Cash	-2.52M	-2.79M	0.00M	7.59M	-48.25M	6.28M	32.32M	51.45M	-1.54M	-42.67M	12.37M	-23.52M	-32.99M	36.58M	-7.12M	1.20M	4.67M	20.89M	-21.42M	-73.50M	-25.92M	170.35M	-24.08M	-54.33M	6.17M	27.58M	34.09M	5.06M	-10.40M	-80.50M	-25.40M	-48.90M
Cash at Beginning of Period	76.96M	245.65M	0.00M	62.62M	110.87M	104.60M	72.28M	20.82M	22.36M	65.03M	52.66M	76.18M	109.18M	72.60M	79.72M	78.52M	73.85M	52.96M	74.38M	147.88M	173.80M	3.45M	27.53M	81.86M	75.69M	48.11M	14.02M	8.97M	19.40M	21.90M	9.10M	7.50M
Cash at End of Period	74.43M	242.86M	0.00M	70.22M	62.62M	110.87M	104.60M	72.28M	20.82M	22.36M	65.03M	52.66M	76.18M	109.18M	72.60M	79.72M	78.52M	73.85M	52.96M	74.38M	147.88M	173.80M	3.45M	27.53M	81.86M	75.69M	48.11M	14.02M	9.00M	-58.60M	-16.30M	-41.40M
Operating Cash Flow	22.71M	68.97M	0.06M	80.20M	100.66M	69.36M	129.91M	52.70M	55.25M	42.50M	78.63M	58.37M	55.11M	59.89M	61.30M	37.70M	63.16M	51.33M	21.93M	86.14M	119.19M	131.59M	103.34M	125.53M	100.48M	125.32M	87.59M	104.85M	86.70M	87.60M	77.40M	60.90M
Capital Expenditure	-2.40M	-9.99M	-0.01M	-9.61M	-13.89M	-13.39M	-12.03M	-15.71M	-9.12M	-12.49M	-17.65M	-23.13M	-19.79M	-19.31M	-19.01M	-22.88M	-9.09M	-9.92M	-22.54M	-60.04M	-59.07M	-41.51M	-30.30M	-23.04M	-27.21M	-31.08M	-38.52M	-42.07M	-47.80M	-29.70M	-23.40M	-13.30M
Free Cash Flow	20.31M	58.98M	0.05M	70.59M	86.78M	55.97M	117.88M	36.99M	46.13M	30.01M	60.99M	35.24M	35.32M	40.58M	42.30M	14.82M	54.07M	41.41M	-0.60M	26.10M	60.12M	90.08M	73.03M	102.50M	73.27M	94.25M	49.07M	62.79M	38.90M	57.90M	54.00M	47.60M

Free Cash Flow

Metric	TTM	TTM-1	2025-06-30	2024-06-30	2023-06-30	2022-06-30	2021-06-30	2020-06-30	2019-06-30	2018-06-30	2017-06-30	2016-06-30	2015-06-30	2014-06-30	2013-06-30	2012-06-30	2011-06-30	2010-06-30	2009-06-30	2008-06-30	2007-06-30	2006-06-30	2005-06-30	2004-06-30	2003-06-30	2002-06-30	2001-06-30	2000-06-30	1999-06-30	1998-06-30	1997-06-30	1996-06-30
EBITDA	151.34M	61.02M	62.33M	77.91M	149.59M	150.27M	96.08M	28.48M	72.25M	68.70M	78.07M	108.53M	85.08M	87.57M	78.45M	68.19M	53.88M	20.10M	19.87M	550.74M	549.60M	562.58M	482.39M	482.36M	470.68M	440.63M	433.88M	434.56M	387.40M	347.00M	280.40M	239.40M
(-) Tax Adjustment	38.23M	15.92M	15.74M	19.72M	37.36M	37.90M	20.63M	9.97M	17.42M	17.78M	27.32M	37.99M	29.33M	27.32M	27.46M	0.00M	0.00M	0.00M	6.95M	192.76M	192.36M	196.90M	168.84M	168.82M	164.74M	154.22M	151.86M	152.10M	135.59M	121.45M	98.14M	83.79M
(-) Change In Working Capital	0.00M	-3.83M	0.00M	0.00M	5.27M	-65.62M	-59.25M	-0.47M	-0.79M	-14.78M	13.39M	-13.58M	-9.56M	-3.07M	5.43M	-14.36M	12.04M	31.48M	22.79M	4.50M	21.40M	17.36M	0.13M	16.44M	-11.32M	20.39M	-13.59M	-1.36M	-12.90M	-3.20M	11.20M	14.70M
(-) Capital Expenditure	-2.40M	-9.99M	-0.01M	-9.61M	-13.89M	-13.39M	-12.03M	-15.71M	-9.12M	-12.49M	-17.65M	-23.13M	-19.79M	-19.31M	-19.01M	-22.88M	-9.09M	-9.92M	-22.54M	-60.04M	-59.07M	-41.51M	-30.30M	-23.04M	-27.21M	-31.08M	-38.52M	-42.07M	-47.80M	-29.70M	-23.40M	-13.30M
Unlevered Free Cash Flow	110.71M	38.93M	46.58M	48.58M	93.08M	164.60M	122.67M	3.28M	46.50M	53.21M	19.71M	60.99M	45.52M	44.01M	26.56M	59.67M	32.75M	-21.30M	-32.41M	293.44M	276.77M	306.82M	283.12M	274.06M	290.06M	234.94M	257.10M	241.76M	216.91M	199.05M	147.66M	127.61M
(-) Net Interest Income After Taxes	1.15M	-1.84M	0.00M	0.00M	0.17M	0.17M	-0.38M	-0.30M	-0.07M	-0.24M	-0.79M	-1.05M	-6.06M	-5.17M	-6.67M	-9.02M	-11.13M	-11.92M	-7.65M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Net Debt Issuance	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Levered Free Cash Flow	109.56M	40.77M	46.58M	48.58M	92.91M	164.43M	123.05M	3.58M	46.57M	53.46M	20.50M	62.04M	51.58M	49.18M	33.23M	68.69M	43.87M	-9.37M	-24.77M	293.44M	276.77M	306.82M	283.12M	274.06M	290.06M	234.94M	257.10M	241.76M	216.91M	199.05M	147.66M	127.61M