SPRSOTCWholesale-Electronic Parts & Equipment, NECFiscal year ends November 30
SURGE COMPONENTS INC
Financials through Q3 FY2026, quarter ended Aug 31, 2026Last filing: 10-Q on Oct 14, 2026
$3.25−0.02 (-0.54%)
Close on Oct 19, 2026
- Market cap
- $19.45M
- P/E (TTM)
- 18.1
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2011 to 2025
Gross margin
28.8%+1.2 pts over 5 years
Operating margin
3.5%−1.2 pts over 5 years
Net margin
3.1%−1.7 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 | +16.4% | -11.2% | +2.7% | +2.0% | |
| Gross profit | +17.4% | -9.9% | +3.6% | +3.5% | |
| Operating income | +38.8% | -35.7% | -3.3% | +1.3% | |
| Net income | +37.7% | -32.7% | -5.6% | +2.8% | |
| EPS, diluted | +42.9% | -32.5% | -5.8% | +8.3% | |
| Free cash flow | -56.2% | -28.7% | -7.0% | -0.7% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | -4.8% | 15.6% | 5.6% | |
| Return on assets | -3.4% | 9.7% | 4.3% | |
| Current ratio | 3.08 | 2.76 | 5.14 | |
| Interest coverage | – | 743.4× | – | |
| Inventory turnover | 7.2× | 6.6× | 5.1× | |
| Capex to revenue | 0.0% | 0.1% | 0.3% | |
| Diluted shares | 10M | 6M | 6M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Surge Components generated $9.49M from operations and spent $419.57K on capital expenditure, dividends and share buybacks. 100% of that went back into the business.
Generated
$9.49M
Used
$419.57K
Capital expenditure$419.57K100%Dividends$00%Share buybacks$00%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin3.1%
×Asset turnover1.38×
×Equity multiplier1.29×
=Return on equity, FY20255.6%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 3.1% | 1.38× | 1.29× | 5.6% |
| FY2024 | 2.6% | 1.25× | 1.32× | 4.3% |
| FY2023 | 2.7% | 1.47× | 1.37× | 5.4% |
| FY2022 | 7.2% | 2.24× | 1.51× | 24.4% |
| FY2021 | 6.3% | 2.01× | 1.67× | 21.1% |
| FY2020 | 4.8% | 2.04× | 1.60× | 15.6% |
| FY2019 | 6.3% | 2.54× | 1.65× | 26.3% |
| FY2018 | 6.1% | 2.73× | 2.08× | 34.4% |
| FY2017 | 1.2% | 2.11× | 1.74× | 4.4% |
| FY2016 | -1.9% | 1.79× | 1.41× | -4.8% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
6of 8 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero$1.14M
- Cash generatingOperating cash flow above zero$916.15K
- Return on assets improvedROA up on the prior year3.3% → 4.5%
- Earnings backed by cashOperating cash flow above net income$916.15K vs $1.14M
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose4.72 → 5.14
- No dilutionShare count did not rise6M → 6M
- Gross margin improvedGross margin up on the prior year28.53% → 28.79%
- More efficientAsset turnover rose1.26 → 1.43