VIP Nasdaq Finance Services Financials FY2020βFY2025
Vulcan Infrastructure & Power Inc. had $58.8M of revenue in fiscal 2025, down 1.3% on the year before. Over five years, revenue changed +23.9% a year on average.
Last close Β· Oct 23, 2026
$1.25
0.8%Hi! I read Vulcan Infrastructure & Power Inc.βs latest annual report (fiscal 2025). Here is what stands out:
Good So-so Weak
Are sales growing?
β1.3%
No. Sales fell 1.3% last year.
Does it make a profit?
9.0%
A little. It keeps 9.0% of every sale as profit.
Is debt under control?
2.9x
Keep an eye on it. Repaying its debt would take 2.9 years of operating profit.
How healthy are the accounts?
4 / 8
Mixed. It passes 4 of 8 health tests.
How is the share priced?
8.9x
One share costs 8.9 times its yearly profit per share.
Rules of thumb on reported numbers. A starting point, not a recommendation.
Is it selling more, and how much does it keep?
KIRA Β· Vulcan Infrastructure & Power Inc. had $58.8M of revenue in fiscal 2025, down 1.3% on the year before. Over five years, revenue changed +23.9% a year on average. Its operating margin was β6.5%, up 12.8Β pts: of every 100 in sales, about β6 is left after running the business.
In plain words: Revenue is all the money customers paid. The margins show how many cents of each dollar of sales are left over at each step: after making the product (gross), after running the business (operating) and after everything, tax included (net).
Revenue
Revenue
Margins, % of revenue
Margins, % of revenue
KIRA Β· Vulcan Infrastructure & Power Inc. made $5.3M of net profit in fiscal 2025.
Loss periods are shown in red.
In plain words: Net income is the profit left after every cost and tax. Earnings per share (EPS) splits that profit across every share, so it shows what one share earned.
Net income
Net income
Diluted EPS
Diluted EPS
How much cash comes in, and where does it go?
Cash from operations minus capital spending.
In plain words: Profit on paper is not the same as cash in the bank. Free cash flow is the cash left after paying to run and maintain the business: the money it can hand back to shareholders, save or invest.
Free cash flow
Cash from operations vs capital spending
Cash from operations vs capital spending
In plain words: Companies hand cash back in two ways: dividends (cash paid to shareholders) and buybacks (buying back their own shares, so each remaining share owns a bigger slice).
Dividends and buybacks
Diluted shares outstanding (annual)
KIRA Β· In the last 12 months, insiders bought $5.3M and sold $0.2M of shares on the open market.
Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. βPlanβ marks trades under a pre-arranged Rule 10b5-1 plan.
In plain words: Insiders are the people who run or own a big part of the company. Buying with their own money can signal confidence; selling often has personal reasons, like taxes or diversifying.
Bought, 12 months
$5.3M
4 insiders
Sold, 12 months
$0.2M
3 insiders
Of sales under plans
0%
$0.0M
| Date | Insider | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Sep 10, 2026 | Christian MulvihillChief Financial Officer | Bought | 58,479 | $1.71 | $0.1M | Form 4 |
| Sep 10, 2026 | Dale IrwinPresident | Bought | 58,479 | $1.71 | $0.1M | Form 4 |
| Sep 10, 2026 | George Ted Rogers IIIDirector | Bought | 2,923,976 | $1.71 | $5.0M | Form 4 |
| Sep 10, 2026 | Jordan KovlerChief Executive Officer, Director | Bought | 58,479 | $1.71 | $0.1M | Form 4 |
| Jul 24, 2026 | Christian MulvihillChief Financial Officer | Sold | 14,738 | $2.45 | $0.0M | Form 4 |
| Jul 24, 2026 | Dale IrwinPresident | Sold | 21,154 | $2.45 | $0.1M | Form 4 |
| Jul 24, 2026 | Jordan KovlerChief Executive Officer, Director | Sold | 35,721 | $2.45 | $0.1M | Form 4 |
| Feb 2, 2026 | Christian MulvihillChief Financial Officer | Sold | 1,958 | $1.28 | $0.0M | Form 4 |
| Feb 2, 2026 | Dale IrwinPresident | Sold | 1,985 | $1.28 | $0.0M | Form 4 |
| Oct 13, 2025 | Christian MulvihillChief Financial Officer | Sold | 609 | $2.07 | $0.0M | Form 4 |
Can it carry its debts, and how well does it use its money?
KIRA Β· Vulcan Infrastructure & Power Inc. owes $23.5M more than it holds in cash, about 2.9 years of operating profit.
Cash, debt and the ratios that show how comfortably Vulcan Infrastructure & Power Inc. can carry it.
In plain words: What the company owns and what it owes. More cash than debt is a cushion for bad times; a lot of debt leaves less room when business slows down.
Cash vs debt (incl. leases)
| Fiscal year end | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Cash and short-term investments | $83.1M | $15.2M | $13.3M | $8.6M | $19.6M |
| Debt incl. finance leases | β | β | $68.7M | $68.1M | $43.1M |
| Net debt / EBITDA | β | β | β | 29.4x | 2.9x |
| Interest coverage | 8.9x | β10.8x | β1.3x | β1.6x | β0.9x |
| Current ratio | 2.4x | 0.3x | 1.2x | 1.4x | 0.6x |
| Quick ratio | 2.4x | 0.3x | 1.2x | 1.4x | 0.6x |
| Total assets | $341M | $164M | $71.2M | $64.9M | $53.6M |
| Total liabilities | $129M | $211M | $122M | $121M | $99.9M |
| Shareholders' equity | $212M | β$47.0M | β$51.0M | β$55.8M | β$46.3M |
| Net debt (β = net cash) | β | β | $55.4M | $59.4M | $23.5M |
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
In plain words: How much profit the business makes on the money put into it. A higher percentage means each dollar invested works harder.
Return on capital, equity and assets (annual)
KIRA Β· Vulcan Infrastructure & Power Inc. passes 4 of 8 financial health tests (Piotroski F-score).
Nine pass/fail tests of profitability, funding and efficiency. 8β9 is strong, 0β2 weak.
In plain words: Nine yes/no tests of financial health, one point each. A green tick is a pass: 7 to 9 points is solid, 0 to 3 is weak.
| Test | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|
| Net income is positive | β | β | β | β | β | β |
| Cash from operations is positive | β | β | β | β | β | β |
| Return on assets rose | β | β | β | β | β | β |
| Cash from operations exceeds net income | β | β | β | β | β | β |
| Debt fell relative to assets | β | β | β | β | β | β |
| Current ratio rose | β | β | β | β | β | β |
| Share count didn't rise | β | β | β | β | β | β |
| Gross margin rose | β | β | β | β | β | β |
| Revenue rose relative to assets | β | β | β | β | β | β |
| F-score | β / 3 | β / 6 | 3 / 7 | 4 / 7 | 3 / 8 | 4 / 8 |
| Accruals ratio | β6.0% | β41.7% | β101.6% | β14.8% | β11.4% | 34.3% |
| Altman Z'' | 0.38 | 2.85 | β19.21 | β18.66 | β20.51 | β27.82 |
Every number, year by year.
Amounts in USD. Hover a ratioβs name for its definition.
In plain words: Every number we have, year by year. Download it as a spreadsheet if you want to dig deeper.
| Fiscal year | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|
| Income statement | ||||||
| Revenue | $20.1M | $97.3M | $90.0M | $70.4M | $59.5M | $58.8M |
| Operating income | β$2.6M | $32.8M | β$233M | β$16.9M | β$11.4M | β$3.8M |
| Interest expense | $0.6M | $3.7M | $21.6M | $12.7M | $7.1M | $4.0M |
| Pretax income | β$3.3M | $29.5M | β$255M | β$29.0M | β$19.9M | $4.8M |
| Income tax | $0.0M | $7.9M | $15.0M | $0.0M | β$0.1M | β$0.5M |
| Net income | β$3.3M | β$44.5M | β$271M | β$29.5M | β$19.8M | $5.3M |
| Net income to common | β | β$45.1M | β$271M | β$29.5M | β$19.8M | $5.3M |
| Diluted EPS | β | β$1.23 | β$63.97 | β$4.43 | β$1.88 | $0.34 |
| Diluted shares | β | 0.04B | 0.00B | 0.01B | 0.01B | 0.02B |
| Cash flow | ||||||
| Cash from operations | $0.6M | $40.1M | β$14.5M | β$12.2M | β$12.0M | β$15.0M |
| Depreciation and amortization | $4.6M | $8.5M | $35.1M | $13.6M | $13.5M | $11.8M |
| Stock-based compensation | $0.0M | $3.8M | $2.6M | $2.3M | $2.2M | $0.8M |
| Balance sheet | ||||||
| Cash and short-term investments | $5.1M | $83.1M | $15.2M | $13.3M | $8.6M | $19.6M |
| Total debt | β | β | β | $68.7M | $68.1M | $43.1M |
| Finance lease liabilities | β | $0.9M | β | β | β | β |
| Current assets | $7.8M | $101M | $33.1M | $24.4M | $26.8M | $34.8M |
| Current liabilities | $11.6M | $41.7M | $98.7M | $21.0M | $19.3M | $63.0M |
| Property and equipment, net | $56.6M | $216M | $130M | $45.1M | $30.3M | $15.7M |
| Goodwill | $0.0M | $3.1M | β | β | β | β |
| Intangible assets | $0.0M | $3.5M | β | β | β | β |
| Total assets | $64.6M | $341M | $164M | $71.2M | $64.9M | $53.6M |
| Total liabilities | $20.2M | $129M | $211M | $122M | $121M | $99.9M |
| Preferred stock | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M |
| Shareholders' equity | $44.4M | $212M | β$47.0M | β$51.0M | β$55.8M | β$46.3M |
| Margins | ||||||
| Operating margin | β13.1% | 33.7% | β259.1% | β24.0% | β19.2% | β6.5% |
| EBITDA margin | 9.6% | 42.4% | β220.1% | β4.7% | 3.4% | 13.6% |
| Net margin | β16.4% | β45.7% | β301.3% | β41.9% | β33.2% | 9.0% |
| Returns | ||||||
| Return on capital | β | β | β | β305.1% | β244.8% | β |
| Return on capital employed | β5.0% | 10.9% | β358.5% | β33.6% | β25.2% | 40.1% |
| Return on equity | β7.4% | β34.6% | β327.8% | β | β | β |
| Return on assets | β5.1% | β21.9% | β107.3% | β25.1% | β29.1% | 8.9% |
| Return on tangible equity | β7.4% | β21.9% | β | β | β | β |
| Growth | ||||||
| Revenue growth | β | 383.9% | β7.5% | β21.8% | β15.4% | β1.3% |
| Share count change | β | β | β88.4% | 57.2% | 57.7% | 46.0% |
| Financial health | ||||||
| Net debt / EBITDA | β | β | β | β | 29.4x | 2.9x |
| Interest coverage | β4.4x | 8.9x | β10.8x | β1.3x | β1.6x | β0.9x |
| Current ratio | 0.7x | 2.4x | 0.3x | 1.2x | 1.4x | 0.6x |
| Quick ratio | 0.7x | 2.4x | 0.3x | 1.2x | 1.4x | 0.6x |
| Capital allocation | ||||||
| Stock comp / revenue | 0.0% | 3.9% | 2.9% | 3.3% | 3.7% | 1.3% |
| Quality scores | ||||||
| Piotroski F-score | β | β | 3.0 | 4.0 | 3.0 | 4.0 |
| Altman Z'' | 0.4 | 2.8 | β19.2 | β18.7 | β20.5 | β27.8 |
| Accruals ratio | β6.0% | β41.7% | β101.6% | β14.8% | β11.4% | 34.3% |
Source: SEC EDGAR XBRL filings (CIK 0001844971). Data updated October 24, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only β not investment advice. Check the original filings before relying on any figure.