SCS: Steelcase Inc Financial Statements
Balance sheet, income statement, and cash flow statements for Steelcase Inc (SCS).
$1.38B Market Cap.
SCS Market Cap. (MRY)
SCS Shares Outstanding (MRY)
SCS Assets (MRY)
Total Assets
$2.33B
Total Liabilities
$1.38B
Total Investments
$94.90M
SCS Income (MRY)
Revenue
$3.17B
Net Income
$120.70M
Operating Expense
$888.40M
SCS Cash Flow (MRY)
CF Operations
$148.50M
CF Investing
-$34.80M
CF Financing
-$84.00M
SCS Balance Sheet (MRY)
Metric | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
Total Assets | $2,330,400,000 (4.19%) | $2,236,700,000 (1.54%) | $2,202,800,000 (-2.57%) | $2,261,000,000 (-3.95%) |
Assets Current | $1,029,000,000 (7.25%) | $959,400,000 (8.53%) | $884,000,000 (-7.84%) | $959,200,000 (-8.25%) |
Assets Non-Current | $1,301,400,000 (1.89%) | $1,277,300,000 (-3.15%) | $1,318,800,000 (1.31%) | $1,301,800,000 (-0.52%) |
Goodwill & Intangible Assets | $350,500,000 (-5.12%) | $369,400,000 (-4.79%) | $388,000,000 (18.18%) | $328,300,000 (6.42%) |
Shareholders Equity | $951,700,000 (7.28%) | $887,100,000 (7.37%) | $826,200,000 (-3.05%) | $852,200,000 (-11.28%) |
Property Plant & Equipment Net | $469,300,000 (-10.01%) | $521,500,000 (-9.27%) | $574,800,000 (-4.61%) | $602,600,000 (-5.28%) |
Cash & Equivalents | $346,300,000 (8.69%) | $318,600,000 (252.43%) | $90,400,000 (-55.00%) | $200,900,000 (-58.98%) |
Accumulated Other Comprehensive Income | -$63,500,000 (5.08%) | -$66,900,000 (7.72%) | -$72,500,000 (-43.28%) | -$50,600,000 (-26.50%) |
Deferred Revenue | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Total Investments | $94,900,000 (70.38%) | $55,700,000 (9.00%) | $51,100,000 (-3.77%) | $53,100,000 (3.11%) |
Investments Current | $41,600,000 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Investments Non-Current | $53,300,000 (-4.31%) | $55,700,000 (9.00%) | $51,100,000 (-3.77%) | $53,100,000 (3.11%) |
Inventory | $245,700,000 (6.36%) | $231,000,000 (-27.74%) | $319,700,000 (-1.99%) | $326,200,000 (68.58%) |
Trade & Non-Trade Receivables | $323,100,000 (-4.49%) | $338,300,000 (-9.38%) | $373,300,000 (9.67%) | $340,400,000 (25.93%) |
Trade & Non-Trade Payables | $228,200,000 (8.00%) | $211,300,000 (3.83%) | $203,500,000 (-16.46%) | $243,600,000 (34.36%) |
Accumulated Retained Earnings (Deficit) | $985,900,000 (8.01%) | $912,800,000 (3.81%) | $879,300,000 (-2.44%) | $901,300,000 (-8.78%) |
Tax Assets | $166,800,000 (44.04%) | $115,800,000 (-1.28%) | $117,300,000 (-27.99%) | $162,900,000 (0.06%) |
Tax Liabilities | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Total Debt | $600,700,000 (-4.65%) | $630,000,000 (-9.46%) | $695,800,000 (-1.85%) | $708,900,000 (-2.52%) |
Debt Current | $39,700,000 (-11.97%) | $45,100,000 (-43.91%) | $80,400,000 (63.08%) | $49,300,000 (1.65%) |
Debt Non-Current | $561,000,000 (-4.09%) | $584,900,000 (-4.96%) | $615,400,000 (-6.70%) | $659,600,000 (-2.81%) |
Total Liabilities | $1,378,700,000 (2.16%) | $1,349,600,000 (-1.96%) | $1,376,600,000 (-2.29%) | $1,408,800,000 (1.10%) |
Liabilities Current | $669,100,000 (10.21%) | $607,100,000 (0.63%) | $603,300,000 (6.36%) | $567,200,000 (10.14%) |
Liabilities Non-Current | $709,600,000 (-4.43%) | $742,500,000 (-3.98%) | $773,300,000 (-8.12%) | $841,600,000 (-4.20%) |
SCS Income Statement (MRY)
Metric | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
Revenues | $3,166,000,000 (0.20%) | $3,159,600,000 (-2.26%) | $3,232,600,000 (16.59%) | $2,772,700,000 (6.80%) |
Cost of Revenue | $2,119,500,000 (-1.29%) | $2,147,200,000 (-7.18%) | $2,313,200,000 (15.02%) | $2,011,200,000 (9.70%) |
Selling General & Administrative Expense | $888,000,000 (1.31%) | $876,500,000 (4.69%) | $837,200,000 (12.92%) | $741,400,000 (8.36%) |
Research & Development Expense | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Operating Expenses | $888,400,000 (-0.69%) | $894,600,000 (4.77%) | $853,900,000 (15.17%) | $741,400,000 (3.00%) |
Interest Expense | $25,700,000 (-0.77%) | $25,900,000 (-8.80%) | $28,400,000 (10.51%) | $25,700,000 (-5.17%) |
Income Tax Expense | $13,500,000 (-48.08%) | $26,000,000 (59.51%) | $16,300,000 (779.17%) | -$2,400,000 (-1100.00%) |
Net Loss Income from Discontinued Operations | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Consolidated Income | $120,700,000 (48.83%) | $81,100,000 (129.75%) | $35,300,000 (782.50%) | $4,000,000 (-84.67%) |
Net Income to Non-Controlling Interests | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Net Income | $120,700,000 (48.83%) | $81,100,000 (129.75%) | $35,300,000 (782.50%) | $4,000,000 (-84.67%) |
Preferred Dividends Income Statement Impact | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Net Income Common Stock | $120,700,000 (48.83%) | $81,100,000 (129.75%) | $35,300,000 (782.50%) | $4,000,000 (-84.67%) |
Weighted Average Shares | $113,721,933 (-0.44%) | $114,221,723 (1.09%) | $112,985,863 (0.79%) | $112,096,225 (-2.45%) |
Weighted Average Shares Diluted | - | - | - | - |
Earning Before Interest & Taxes (EBIT) | $159,900,000 (20.23%) | $133,000,000 (66.25%) | $80,000,000 (193.04%) | $27,300,000 (-48.49%) |
Gross Profit | $1,046,500,000 (3.37%) | $1,012,400,000 (10.12%) | $919,400,000 (20.74%) | $761,500,000 (-0.17%) |
Operating Income | $158,100,000 (34.21%) | $117,800,000 (79.85%) | $65,500,000 (225.87%) | $20,100,000 (-53.26%) |
SCS Cash Flow Statement (MRY)
Metric | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
Net Cash Flow from Investing | -$34,800,000 (-670.49%) | $6,100,000 (104.53%) | -$134,800,000 (-105.80%) | -$65,500,000 (-114.05%) |
Net Cash Flow from Financing | -$84,000,000 (2.21%) | -$85,900,000 (-36.57%) | -$62,900,000 (47.58%) | -$120,000,000 (-36.67%) |
Net Cash Flow from Operations | $148,500,000 (-51.90%) | $308,700,000 (245.30%) | $89,400,000 (187.13%) | -$102,600,000 (-258.33%) |
Net Cash Flow / Change in Cash & Cash Equivalents | $27,900,000 (-87.80%) | $228,700,000 (308.29%) | -$109,800,000 (61.95%) | -$288,600,000 (-460.39%) |
Net Cash Flow - Business Acquisitions and Disposals | $0 (0%) | $0 (0%) | -$105,300,000 (-223.01%) | -$32,600,000 (-757.89%) |
Net Cash Flow - Investment Acquisitions and Disposals | -$40,900,000 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Capital Expenditure | -$2,700,000 (-217.39%) | $2,300,000 (104.67%) | -$49,200,000 (-14.15%) | -$43,100,000 (-27.14%) |
Issuance (Repayment) of Debt Securities | $0 (0%) | -$32,200,000 (0%) | $0 (0%) | $0 (0%) |
Issuance (Purchase) of Equity Shares | -$36,400,000 (-766.67%) | -$4,200,000 (-7.69%) | -$3,900,000 (92.93%) | -$55,200,000 (-29.27%) |
Payment of Dividends & Other Cash Distributions | -$47,600,000 (0.00%) | -$47,600,000 (16.93%) | -$57,300,000 (8.47%) | -$62,600,000 (-43.91%) |
Effect of Exchange Rate Changes on Cash | -$1,800,000 (-800.00%) | -$200,000 (86.67%) | -$1,500,000 (-200.00%) | -$500,000 (-123.81%) |
Share Based Compensation | $24,500,000 (-5.77%) | $26,000,000 (19.27%) | $21,800,000 (35.40%) | $16,100,000 (-22.97%) |
Depreciation Amortization & Accretion | $80,800,000 (-3.35%) | $83,600,000 (-7.11%) | $90,000,000 (8.17%) | $83,200,000 (-2.35%) |
SCS Financial Metrics (MRY)
Metric | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
Gross Margin | 33.10% (3.44%) | 32.00% (12.68%) | 28.40% (3.27%) | 27.50% (-6.46%) |
Profit Margin | 3.80% (46.15%) | 2.60% (136.36%) | 1.10% (1000.00%) | 0.10% (-90.00%) |
EBITDA Margin | 7.60% (10.14%) | 6.90% (30.19%) | 5.30% (32.50%) | 4.00% (-24.53%) |
Return on Average Equity (ROAE) | 13.10% (39.36%) | 9.40% (118.60%) | 4.30% (760.00%) | 0.50% (-82.14%) |
Return on Average Assets (ROAA) | 5.30% (43.24%) | 3.70% (131.25%) | 1.60% (700.00%) | 0.20% (-81.82%) |
Return on Sales (ROS) | 5.10% (21.43%) | 4.20% (68.00%) | 2.50% (150.00%) | 1.00% (-50.00%) |
Return on Invested Capital (ROIC) | 10.10% (27.85%) | 7.90% (83.72%) | 4.30% (186.67%) | 1.50% (-50.00%) |
Dividend Yield | 3.30% (6.45%) | 3.10% (-50.00%) | 6.20% (44.19%) | 4.30% (59.26%) |
Price to Earnings Ratio (P/E) | 11.92 (-36.67%) | 18.82 (-28.06%) | 26.17 (-93.66%) | 413 (551.79%) |
Price to Sales Ratio (P/S) | 0.44 (-5.62%) | 0.46 (68.98%) | 0.27 (-45.31%) | 0.5 (-18.80%) |
Price to Book Ratio (P/B) | 1.45 (-11.83%) | 1.65 (53.45%) | 1.07 (-34.11%) | 1.63 (-2.28%) |
Debt to Equity Ratio (D/E) | 1.45 (-4.73%) | 1.52 (-8.70%) | 1.67 (0.79%) | 1.65 (13.92%) |
Earnings Per Share (EPS) | 1.02 (50.00%) | 0.68 (126.67%) | 0.3 (900.00%) | 0.03 (-86.36%) |
Sales Per Share (SPS) | 27.84 (0.64%) | 27.66 (-3.32%) | 28.61 (15.67%) | 24.73 (9.48%) |
Free Cash Flow Per Share (FCFPS) | 1.28 (-52.92%) | 2.72 (664.89%) | 0.36 (127.38%) | -1.3 (-583.27%) |
Book Value Per Share (BVPS) | 8.37 (7.76%) | 7.77 (6.21%) | 7.31 (-3.81%) | 7.6 (-9.06%) |
Tangible Assets Book Value Per Share (TABVPS) | 17.41 (6.50%) | 16.35 (1.78%) | 16.06 (-6.84%) | 17.24 (-3.15%) |
Enterprise Value Over EBIT (EV/EBIT) | 10 (-28.57%) | 14 (-26.32%) | 19 (-71.64%) | 67 (91.43%) |
Enterprise Value Over EBITDA (EV/EBITDA) | 6.72 (-20.64%) | 8.46 (-7.72%) | 9.17 (-44.80%) | 16.62 (25.24%) |
Asset Turnover | 1.4 (-2.51%) | 1.44 (-0.55%) | 1.44 (19.45%) | 1.21 (13.00%) |
Current Ratio | 1.54 (-2.66%) | 1.58 (7.85%) | 1.47 (-13.36%) | 1.69 (-16.70%) |
Dividends | $0.4 (0.00%) | $0.4 (-18.37%) | $0.49 (-8.41%) | $0.54 (44.59%) |
Free Cash Flow (FCF) | $145,800,000 (-53.12%) | $311,000,000 (673.63%) | $40,200,000 (127.59%) | -$145,700,000 (-571.52%) |
Enterprise Value (EV) | $1,616,858,705 (-11.80%) | $1,833,238,054 (17.57%) | $1,559,239,025 (-15.08%) | $1,836,072,228 (0.14%) |
Earnings Before Tax (EBT) | $134,200,000 (25.30%) | $107,100,000 (107.56%) | $51,600,000 (3125.00%) | $1,600,000 (-93.82%) |
Earnings Before Interest Taxes & Depreciation Amortization (EBITDA) | $240,700,000 (11.13%) | $216,600,000 (27.41%) | $170,000,000 (53.85%) | $110,500,000 (-20.04%) |
Invested Capital | $1,565,200,000 (-0.41%) | $1,571,600,000 (-13.50%) | $1,816,900,000 (-3.02%) | $1,873,500,000 (5.97%) |
Working Capital | $359,900,000 (2.16%) | $352,300,000 (25.51%) | $280,700,000 (-28.39%) | $392,000,000 (-26.09%) |
Tangible Asset Value | $1,979,900,000 (6.03%) | $1,867,300,000 (2.89%) | $1,814,800,000 (-6.10%) | $1,932,700,000 (-5.51%) |
Market Capitalization | $1,382,858,705 (-5.42%) | $1,462,038,054 (64.84%) | $886,939,025 (-36.14%) | $1,388,872,228 (-13.29%) |
Average Equity | $922,600,000 (7.12%) | $861,300,000 (6.03%) | $812,325,000 (-8.22%) | $885,100,000 (-5.27%) |
Average Assets | $2,262,500,000 (2.75%) | $2,201,925,000 (-1.71%) | $2,240,150,000 (-2.42%) | $2,295,725,000 (-5.51%) |
Invested Capital Average | $1,589,425,000 (-5.59%) | $1,683,525,000 (-9.50%) | $1,860,175,000 (1.24%) | $1,837,450,000 (4.94%) |
Shares | 113,721,933 (-0.44%) | 114,221,723 (1.09%) | 112,985,863 (0.79%) | 112,096,225 (-2.45%) |
