Capstone Holding Corp.
CAPS Nasdaq Wholesale-Lumber & Other Construction Materials Financials FY2012–FY2025
Revenue
Total sales reported in the income statement.
$46.9M
4.5%
vs prior year
Operating margin
Operating income as a share of revenue.
−23.4%
22.0 pts
Net income
Profit after all expenses, interest and tax.
−$21.2M
Free cash flow
Cash from operations minus capital spending.
−$4.5M
222.5%
Return on capital
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
−35.0%
25.7 pts
Market cap
Last close times the latest diluted share count, so it is approximate.
—
P/E
Last close divided by diluted earnings per share over the last four quarters.
—
What Capstone Holding Corp. does
No business description yet.
- Legal name
- Capstone Holding Corp.
- Fiscal year ends
- December 31, 2025
- Latest annual report
- 10-K · Apr 16, 2026
- Accession · CIK
- 0001437749-26-012459
0000887151
Revenue and margins
Capstone Holding Corp. had $46.9M of revenue in fiscal 2025, up 4.5% on the year before.
FY12
Revenue —
FY13
Revenue —
FY14
Revenue —
FY15
Revenue —
FY16
Revenue —
FY17
Revenue $0.0M
FY18
Revenue −$2.0M
FY23
Revenue —
FY24
Revenue $44.9M
FY25
Revenue $46.9M
Q1 '23
Revenue $0.0M
Q2 '23
Revenue $0.0M
Q1 '24
Revenue $9.4M
Q2 '24
Revenue $12.9M
Q3 '24
Revenue $12.3M
Q4 '24
Revenue $10.3M
Q1 '25
Revenue $7.9M
Q2 '25
Revenue $12.9M
Q3 '25
Revenue $13.7M
Q4 '25
Revenue $12.5M
Q1 '26
Revenue $12.6M
Q2 '26
Revenue $21.5M
FY12
Gross —
Operating —
Net —
FCF —
FY13
Gross —
Operating —
Net —
FCF —
FY14
Gross —
Operating —
Net —
FCF —
FY15
Gross —
Operating —
Net —
FCF —
FY16
Gross —
Operating —
Net —
FCF —
FY17
Gross —
Operating —
Net —
FCF —
FY18
Gross —
Operating −9.1%
Net −19.0%
FCF —
FY23
Gross —
Operating —
Net —
FCF —
FY24
Gross 21.3%
Operating −1.4%
Net −5.7%
FCF 8.2%
FY25
Gross 23.0%
Operating −23.4%
Net −45.3%
FCF −9.7%
Gross
Operating
Net
FCF
Q1 '23
Gross —
Operating —
Net —
FCF —
Q2 '23
Gross —
Operating —
Net —
FCF —
Q1 '24
Gross 18.6%
Operating −7.7%
Net −11.9%
FCF −14.3%
Q2 '24
Gross 21.4%
Operating 0.1%
Net −3.0%
FCF 0.7%
Q3 '24
Gross 24.3%
Operating 3.4%
Net 0.3%
FCF 18.2%
Q4 '24
Gross 20.1%
Operating −3.4%
Net −10.7%
FCF 26.3%
Q1 '25
Gross 16.8%
Operating −18.1%
Net −21.9%
FCF −28.9%
Q2 '25
Gross 24.4%
Operating −2.0%
Net −5.4%
FCF −13.3%
Q3 '25
Gross 23.8%
Operating −5.6%
Net −14.8%
FCF 0.0%
Q4 '25
Gross 24.7%
Operating −68.4%
Net −134.6%
FCF −4.3%
Q1 '26
Gross 23.5%
Operating −11.8%
Net −15.2%
FCF −22.3%
Q2 '26
Gross 27.9%
Operating 2.0%
Net −6.4%
FCF −2.1%
Gross
Operating
Net
FCF
Net income and earnings per share
Loss periods are shown in red.
FY12
Net income −$3.6M
FY13
Net income −$3.9M
FY14
Net income −$4.2M
FY15
Net income −$2.8M
FY16
Net income −$0.7M
FY17
Net income $1.8M
FY18
Net income $0.4M
FY23
Net income —
FY24
Net income −$2.6M
FY25
Net income −$21.2M
Q1 '23
Net income −$0.9M
Q2 '23
Net income −$0.7M
Q1 '24
Net income −$1.1M
Q2 '24
Net income −$0.4M
Q3 '24
Net income $0.0M
Q4 '24
Net income −$1.1M
Q1 '25
Net income −$1.7M
Q2 '25
Net income −$0.7M
Q3 '25
Net income −$2.0M
Q4 '25
Net income −$16.8M
Q1 '26
Net income −$1.9M
Q2 '26
Net income −$1.4M
FY12
Diluted EPS $0.09
FY13
Diluted EPS $0.10
FY14
Diluted EPS $0.10
FY15
Diluted EPS $0.07
FY16
Diluted EPS $0.02
FY17
Diluted EPS −$0.04
FY18
Diluted EPS −$0.01
FY23
Diluted EPS —
FY24
Diluted EPS −$34.87
FY25
Diluted EPS —
Q1 '23
Diluted EPS −$0.02
Q2 '23
Diluted EPS −$0.01
Q1 '24
Diluted EPS −$12.91
Q2 '24
Diluted EPS −$8.43
Q3 '24
Diluted EPS −$6.33
Q4 '24
Diluted EPS −$7.20
Q1 '25
Diluted EPS −$0.47
Q2 '25
Diluted EPS −$0.13
Q3 '25
Diluted EPS −$0.35
Q4 '25
Diluted EPS —
Q1 '26
Diluted EPS —
Q2 '26
Diluted EPS —
Returns on capital
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
FY12
Return on capital —
Return on equity −32.2%
Return on assets −30.9%
FY13
Return on capital —
Return on equity −42.8%
Return on assets −41.5%
FY14
Return on capital —
Return on equity −80.8%
Return on assets −77.9%
FY15
Return on capital —
Return on equity −153.6%
Return on assets −107.6%
FY16
Return on capital —
Return on equity −345.3%
Return on assets −45.0%
FY17
Return on capital 1,732.9%
Return on equity —
Return on assets 127.6%
FY18
Return on capital —
Return on equity —
Return on assets 25.0%
FY23
Return on capital —
Return on equity —
Return on assets —
FY24
Return on capital −9.4%
Return on equity —
Return on assets −5.1%
FY25
Return on capital −35.0%
Return on equity −451.9%
Return on assets −43.1%
Return on capital
Return on equity
Return on assets
Cash flow
Free cash flow was −$4.5M in fiscal 2025, −9.7% of revenue. Cash from operations minus capital spending.
FY12
Free cash flow −$3.4M
FY13
Free cash flow −$4.0M
FY14
Free cash flow —
FY15
Free cash flow —
FY16
Free cash flow —
FY17
Free cash flow —
FY18
Free cash flow —
FY23
Free cash flow —
FY24
Free cash flow $3.7M
FY25
Free cash flow −$4.5M
Q1 '23
Free cash flow —
Q2 '23
Free cash flow —
Q1 '24
Free cash flow −$1.3M
Q2 '24
Free cash flow $0.1M
Q3 '24
Free cash flow $2.2M
Q4 '24
Free cash flow $2.7M
Q1 '25
Free cash flow −$2.3M
Q2 '25
Free cash flow −$1.7M
Q3 '25
Free cash flow $0.0M
Q4 '25
Free cash flow −$0.5M
Q1 '26
Free cash flow −$2.8M
Q2 '26
Free cash flow −$0.5M
FY12
Cash from operations −$3.4M
Capital spending $0.0M
FY13
Cash from operations −$4.0M
Capital spending $0.0M
FY14
Cash from operations −$4.1M
Capital spending —
FY15
Cash from operations −$2.2M
Capital spending —
FY16
Cash from operations −$1.3M
Capital spending —
FY17
Cash from operations −$1.6M
Capital spending —
FY18
Cash from operations $0.1M
Capital spending —
FY23
Cash from operations —
Capital spending —
FY24
Cash from operations $3.8M
Capital spending $0.1M
FY25
Cash from operations −$4.4M
Capital spending $0.1M
Cash from operations
Capital spending
Q1 '23
Cash from operations −$0.3M
Capital spending —
Q2 '23
Cash from operations −$0.8M
Capital spending —
Q1 '24
Cash from operations −$1.2M
Capital spending $0.1M
Q2 '24
Cash from operations $0.1M
Capital spending $0.0M
Q3 '24
Cash from operations $2.2M
Capital spending −$0.0M
Q4 '24
Cash from operations $2.7M
Capital spending $0.0M
Q1 '25
Cash from operations −$2.3M
Capital spending $0.0M
Q2 '25
Cash from operations −$1.7M
Capital spending −$0.0M
Q3 '25
Cash from operations $0.0M
Capital spending $0.0M
Q4 '25
Cash from operations −$0.4M
Capital spending $0.1M
Q1 '26
Cash from operations −$2.8M
Capital spending $0.0M
Q2 '26
Cash from operations −$0.4M
Capital spending $0.1M
Cash from operations
Capital spending
Dividends, buybacks and share count
Capstone Holding Corp. returned — to shareholders in fiscal 2025. The diluted share count rose 0.0%.
FY12
Dividends —
Buybacks $0.0M
FY13
Dividends —
Buybacks $0.0M
FY14
Dividends —
Buybacks —
FY15
Dividends —
Buybacks —
FY16
Dividends —
Buybacks —
FY17
Dividends —
Buybacks —
FY18
Dividends —
Buybacks —
FY23
Dividends —
Buybacks —
FY24
Dividends —
Buybacks —
FY25
Dividends —
Buybacks —
Dividends
Buybacks
FY12
Diluted shares 0.00B
FY13
Diluted shares 0.04B
FY14
Diluted shares 0.04B
FY15
Diluted shares 0.04B
FY16
Diluted shares 0.04B
FY17
Diluted shares 0.00B
FY18
Diluted shares 0.00B
FY23
Diluted shares —
FY24
Diluted shares 0.00B
FY25
Diluted shares —
Balance sheet
Cash, debt and the ratios that show how comfortably Capstone Holding Corp. can carry it.
FY12
Cash $10.2M
Debt —
FY13
Cash $6.3M
Debt —
FY14
Cash $2.2M
Debt —
FY15
Cash $1.0M
Debt —
FY16
Cash $0.7M
Debt $1.0M
FY17
Cash $1.3M
Debt $2.2M
FY18
Cash $1.3M
Debt $2.5M
FY23
Cash $0.1M
Debt $9.0M
FY24
Cash $0.0M
Debt $8.7M
FY25
Cash $0.7M
Debt $13.5M
Cash
Debt
| Fiscal year end | FY17 | FY18 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Cash and short-term investments | $1.3M | $1.3M | $0.1M | $0.0M | $0.7M |
| Debt incl. finance leases | $2.2M | $2.5M | $9.0M | $8.7M | $13.5M |
| Debt / equity | — | — | 3.7x | — | 1.0x |
| Interest coverage | — | — | — | −0.4x | −2.8x |
| Current ratio | 6.9x | 5.8x | 1.1x | 1.0x | 1.0x |
| Quick ratio | 6.9x | 5.8x | 0.2x | 0.3x | 0.3x |
| Total assets | $1.6M | $1.5M | $52.7M | $47.2M | $51.4M |
| Total liabilities | $2.4M | $2.7M | $23.6M | $20.7M | $38.9M |
| Shareholders' equity | −$0.9M | −$1.2M | $2.4M | −$3.1M | $12.5M |
| Net debt (− = net cash) | $1.0M | $1.1M | $9.0M | $8.7M | $12.8M |
Insider trades
Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. 'Plan' marks trades under a pre-arranged Rule 10b5-1 plan.
Bought, 12 months
$0.0M
0 insiders
Sold, 12 months
$0.0M
0 insiders
Of sales under plans
—
$0.0M
No open-market insider trades in the last 12 months.
Piotroski F-score
Nine pass/fail tests of profitability, funding and efficiency. 8–9 is strong, 0–2 weak.
| Test | FY12 | FY13 | FY14 | FY15 | FY16 | FY17 | FY18 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|
| Net income is positive | ✕ | ✕ | ✕ | ✕ | ✕ | ✓ | ✓ | ✕ | ✕ |
| Cash from operations is positive | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | ✓ | ✓ | ✕ |
| Return on assets rose | — | ✕ | ✕ | ✕ | ✓ | ✓ | ✕ | — | ✕ |
| Cash from operations exceeds net income | ✓ | ✕ | ✓ | ✓ | ✕ | ✕ | ✕ | ✓ | ✓ |
| Debt fell relative to assets | — | — | — | — | — | ✕ | ✕ | ✕ | ✕ |
| Current ratio rose | — | ✓ | ✕ | ✕ | ✕ | ✓ | ✕ | ✕ | ✕ |
| Share count didn't rise | — | ✕ | ✓ | ✓ | ✓ | ✓ | ✕ | — | — |
| Gross margin rose | — | — | — | — | — | — | — | — | ✓ |
| Revenue rose relative to assets | — | — | — | — | — | — | ✕ | — | ✕ |
| F-score | — / 3 | — / 6 | — / 6 | — / 6 | — / 6 | 4 / 7 | 2 / 8 | — / 5 | 2 / 8 |
| Accruals ratio | −1.8% | 0.3% | −1.4% | −24.0% | 40.4% | 241.1% | 20.6% | −12.8% | −34.1% |
| Altman Z'' | — | — | — | — | — | −385.90 | −417.60 | −13.75 | −14.93 |
10 years of figures
US$ millions unless stated. Hover a ratio's name for its definition.
| Fiscal year | FY12 | FY13 | FY14 | FY15 | FY16 | FY17 | FY18 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | ||||||||||
| Revenue | — | — | — | — | — | $0.0M | −$2.0M | — | $44.9M | $46.9M |
| Gross profit | — | — | — | — | — | — | — | — | $9.6M | $10.8M |
| Research and development | $0.0M | $0.0M | $3.1M | $1.2M | $1.0M | $1.0M | $0.1M | — | — | — |
| Operating income | — | — | — | — | — | $1.7M | $0.2M | — | −$0.6M | −$11.0M |
| Interest expense | — | — | — | — | — | — | — | — | $1.5M | $3.9M |
| Pretax income | −$4.1M | −$4.1M | −$4.6M | −$3.0M | −$1.7M | $1.8M | $0.4M | — | −$2.1M | −$14.1M |
| Income tax | $0.0M | −$0.0M | −$0.4M | −$0.2M | −$0.1M | $0.0M | $0.1M | — | $0.4M | $7.2M |
| Net income | −$3.6M | −$3.9M | −$4.2M | −$2.8M | −$0.7M | $1.8M | $0.4M | — | −$2.6M | −$21.2M |
| Net income to common | — | — | — | — | — | — | — | — | −$5.5M | −$21.9M |
| Diluted EPS | $0.09 | $0.10 | $0.10 | $0.07 | $0.02 | −$0.04 | −$0.01 | — | −$34.87 | — |
| Diluted shares | 0.00B | 0.04B | 0.04B | 0.04B | 0.04B | 0.00B | 0.00B | — | 0.00B | — |
| Cash flow | ||||||||||
| Cash from operations | −$3.4M | −$4.0M | −$4.1M | −$2.2M | −$1.3M | −$1.6M | $0.1M | — | $3.8M | −$4.4M |
| Capital expenditure | $0.0M | $0.0M | — | — | — | — | — | — | $0.1M | $0.1M |
| Free cash flow | −$3.4M | −$4.0M | — | — | — | — | — | — | $3.7M | −$4.5M |
| Depreciation and amortization | $0.0M | $0.2M | $0.2M | $0.2M | $0.2M | — | — | — | $0.3M | $0.4M |
| Stock-based compensation | $0.1M | $0.0M | $0.1M | $0.2M | $0.0M | $0.0M | $0.0M | — | $0.0M | $0.0M |
| Acquisitions | $0.0M | $0.0M | — | — | — | — | — | — | — | — |
| Share buybacks | $0.0M | $0.0M | — | — | — | — | — | — | — | — |
| Dividends and buybacks | $0.0M | $0.0M | — | — | — | — | — | — | — | — |
| Balance sheet | ||||||||||
| Cash and short-term investments | $10.2M | $6.3M | $2.2M | $1.0M | $0.7M | $1.3M | $1.3M | $0.1M | $0.0M | $0.7M |
| Total debt | — | — | — | — | $1.0M | $2.2M | $2.5M | $9.0M | $8.4M | $13.1M |
| Finance lease liabilities | — | — | — | — | — | — | — | — | $0.3M | $0.5M |
| Current assets | $10.6M | $6.5M | $2.7M | $1.3M | $0.8M | $1.4M | $1.4M | $17.1M | $12.8M | $23.0M |
| Current liabilities | $0.3M | $0.1M | $0.3M | $0.3M | $0.3M | $0.2M | $0.2M | $16.0M | $12.6M | $22.9M |
| Inventory | — | — | — | — | — | — | — | $13.8M | $9.6M | $17.1M |
| Property and equipment, net | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $1.8M | $1.6M | $2.1M |
| Goodwill | — | — | — | — | — | — | — | $23.3M | $23.3M | $18.5M |
| Intangible assets | $1.0M | $0.8M | $0.7M | $0.5M | $0.4M | $0.2M | $0.0M | — | $0.0M | $1.8M |
| Total assets | $11.6M | $7.3M | $3.4M | $1.8M | $1.2M | $1.6M | $1.5M | $52.7M | $47.2M | $51.4M |
| Total liabilities | $0.5M | $0.1M | $0.3M | $1.3M | $1.3M | $2.4M | $2.7M | $23.6M | $20.7M | $38.9M |
| Shareholders' equity | $11.1M | $7.2M | $3.1M | $0.5M | −$0.1M | −$0.9M | −$1.2M | $2.4M | −$3.1M | $12.5M |
| Margins | ||||||||||
| Gross margin | — | — | — | — | — | — | — | — | 21.3% | 23.0% |
| Operating margin | — | — | — | — | — | — | −9.1% | — | −1.4% | −23.4% |
| EBITDA margin | — | — | — | — | — | — | — | — | −0.7% | −22.6% |
| Net margin | — | — | — | — | — | — | −19.0% | — | −5.7% | −45.3% |
| FCF margin | — | — | — | — | — | — | — | — | 8.2% | −9.7% |
| Returns | ||||||||||
| Return on capital | — | — | — | — | — | 1,732.9% | — | — | −9.4% | −35.0% |
| Return on capital employed | — | — | — | — | — | 122.6% | 14.7% | — | −1.8% | −38.6% |
| Return on equity | −32.2% | −42.8% | −80.8% | −153.6% | −345.3% | — | — | — | — | −451.9% |
| Return on assets | −30.9% | −41.5% | −77.9% | −107.6% | −45.0% | 127.6% | 25.0% | — | −5.1% | −43.1% |
| Return on tangible equity | −35.4% | −61.3% | −171.0% | — | — | — | — | — | — | — |
| Growth | ||||||||||
| Revenue growth | — | — | — | — | — | — | — | — | — | 4.5% |
| Net income growth | — | — | — | — | — | — | −78.3% | — | — | — |
| EPS growth | — | 11.1% | 0.0% | −30.0% | −71.4% | −300.0% | — | — | — | — |
| FCF growth | — | — | — | — | — | — | — | — | — | −222.5% |
| Share count change | — | 99,863.3% | 0.0% | 0.0% | 0.0% | −99.9% | 15.3% | — | — | — |
| Financial health | ||||||||||
| Debt / equity | — | — | — | — | — | — | — | 3.7x | — | 1.0x |
| Interest coverage | — | — | — | — | — | — | — | — | −0.4x | −2.8x |
| Current ratio | 36.0x | 64.9x | 9.6x | 4.8x | 2.7x | 6.9x | 5.8x | 1.1x | 1.0x | 1.0x |
| Quick ratio | 36.0x | 64.9x | 9.6x | 4.8x | 2.7x | 6.9x | 5.8x | 0.2x | 0.3x | 0.3x |
| Capital allocation | ||||||||||
| Capex / revenue | — | — | — | — | — | — | — | — | 0.3% | 0.3% |
| Stock comp / revenue | — | — | — | — | — | — | −0.8% | — | 0.0% | 0.0% |
| Quality scores | ||||||||||
| Piotroski F-score | — | — | — | — | — | 4.0 | 2.0 | — | — | 2.0 |
| Altman Z'' | — | — | — | — | — | −385.9 | −417.6 | — | −13.7 | −14.9 |
| Accruals ratio | −1.8% | 0.3% | −1.4% | −24.0% | 40.4% | 241.1% | 20.6% | — | −12.8% | −34.1% |
Source: SEC EDGAR XBRL filings (CIK 0000887151). Data updated October 24, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only — not investment advice. Check the original filings before relying on any figure.