SGRPOTCServices-Business Services, NECFiscal year ends December 31
SPAR Group, Inc.
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 13, 2026
$0.65+0.00 (0.00%)
Close on Oct 19, 2026
- Market cap
- $17.06M
- P/E (TTM)
- –
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2011 to 2025
Gross margin
15.9%−3.7 pts over 5 years
Operating margin
-12.4%−16.6 pts over 5 years
Net margin
-18.1%−19.6 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | -16.8% | -19.5% | -10.0% | +1.3% | |
| Gross profit | -35.4% | -24.8% | -13.7% | -2.9% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | 0.9% | 16.4% | -197.6% | |
| Return on assets | 0.4% | 4.1% | -49.0% | |
| Current ratio | 1.42 | 1.55 | 0.83 | |
| Debt to equity | 0.50 | 0.47 | 34.93 | |
| Net debt to EBITDA | 0.57× | -0.48× | -1.21× | |
| Interest coverage | 16.6× | – | – | |
| Capex to revenue | 1.2% | 0.7% | 2.2% | |
| Diluted shares | 21M | 21M | 24M |
Where the cash went
Fiscal 2021 to 2025, five years combined
SPAR generated $33.60M from operations and spent $10.80M on capital expenditure, dividends and share buybacks. 82% of that went back into the business.
Generated
$33.60M
Used
$10.80M
Capital expenditure$8.82M82%Dividends$00%Share buybacks$1.98M18%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin-18.1%
×Asset turnover2.71×
×Equity multiplier4.03×
=Return on equity, FY2025-197.6%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | -18.1% | 2.71× | 4.03× | -197.6% |
| FY2024 | -1.9% | 2.23× | 2.79× | -12.0% |
| FY2023 | 2.1% | 2.03× | 3.65× | 15.4% |
| FY2022 | -0.3% | 2.85× | 4.35× | -3.5% |
| FY2021 | 0.8% | 2.96× | 4.13× | 9.5% |
| FY2020 | 1.5% | 2.82× | 3.98× | 16.4% |
| FY2019 | 1.0% | 3.40× | 4.22× | 13.7% |
| FY2018 | -0.7% | 3.61× | 3.54× | -8.6% |
| FY2017 | -0.5% | 3.21× | 2.87× | -4.7% |
| FY2016 | 0.1% | 2.73× | 2.49× | 0.9% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
3of 9 tests passed in fiscal 2025. Scores of 7 to 9 are usually read as strong.
- ProfitableNet income above zero-$24.63M
- Cash generatingOperating cash flow above zero-$18.44M
- Return on assets improvedROA up on the prior year-3.5% → -43.6%
- Earnings backed by cashOperating cash flow above net income-$18.44M vs -$24.63M
- Less leverageLong-term debt to assets fell3.1% → 2.9%
- Better liquidityCurrent ratio rose1.53 → 0.83
- No dilutionShare count did not rise24M → 24M
- Gross margin improvedGross margin up on the prior year20.53% → 15.94%
- More efficientAsset turnover rose1.81 → 2.41