SPOKNasdaqRadiotelephone CommunicationsFiscal year ends December 31
Spok Holdings, Inc
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Jul 30, 2026
$10.43−0.18 (-1.70%)
Close on Oct 19, 2026
- Market cap
- $219.91M
- P/E (TTM)
- 18.0
- Dividend yield
- 11.98%
Margins
Share of revenue, fiscal years 2011 to 2025
Gross margin
78.7%−0.4 pts over 5 years
Operating margin
14.1%+29.4 pts over 5 years
Net margin
11.4%+41.2 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 | +1.5% | +1.3% | -1.2% | -3.0% | |
| Gross profit | +0.9% | +1.1% | -1.3% | -3.4% | |
| Operating income | +3.9% | +335.9% | – | -2.4% | |
| Net income | +6.1% | -10.1% | – | -15.0% | |
| EPS, diluted | +2.7% | -11.7% | – | -14.8% | |
| Free cash flow | -2.0% | +111.1% | +2.1% | -3.6% | |
| Dividend per share | 0.0% | 0.0% | +20.1% | +7.2% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | 4.3% | -19.7% | 10.5% | |
| Return on assets | 3.6% | -14.8% | 7.5% | |
| Current ratio | 2.77 | 2.07 | 1.18 | |
| Inventory turnover | 14.3× | – | – | |
| Capex to revenue | 3.5% | 2.3% | 2.7% | |
| Diluted shares | 21M | 19M | 21M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Spok generated $98.48M from operations and spent $132.87M on capital expenditure, dividends and share buybacks. 14% of that went back into the business.
Generated
$98.48M
Used
$132.87M
Capital expenditure$18.55M14%Dividends$114.32M86%Share buybacks$00%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin11.4%
×Asset turnover0.66×
×Equity multiplier1.41×
=Return on equity, FY202510.5%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 11.4% | 0.66× | 1.41× | 10.5% |
| FY2024 | 10.9% | 0.62× | 1.40× | 9.4% |
| FY2023 | 11.3% | 0.59× | 1.41× | 9.4% |
| FY2022 | 16.2% | 0.55× | 1.43× | 12.7% |
| FY2021 | -15.6% | 0.54× | 1.41× | -11.9% |
| FY2020 | -29.8% | 0.50× | 1.33× | -19.7% |
| FY2019 | -6.7% | 0.50× | 1.23× | -4.1% |
| FY2018 | -0.9% | 0.50× | 1.20× | -0.5% |
| FY2017 | -8.9% | 0.47× | 1.20× | -5.0% |
| FY2016 | 7.8% | 0.46× | 1.19× | 4.3% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
5of 8 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero$15.88M
- Cash generatingOperating cash flow above zero$28.95M
- Return on assets improvedROA up on the prior year6.6% → 7.3%
- Earnings backed by cashOperating cash flow above net income$28.95M vs $15.88M
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose1.26 → 1.18
- No dilutionShare count did not rise21M → 21M
- Gross margin improvedGross margin up on the prior year79.15% → 78.68%
- More efficientAsset turnover rose0.60 → 0.64