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Escalade, Incorporated (ESCA)

NASDAQ / Consumer Cyclical / Leisure

Share price

18.70 USD Market dataClose of Oct 15, 2026

Market capitalisation

257.4M USD Market dataClose of Oct 15, 2026
Market data
Oct 15, 2026
Filed accounts
FY2025, filed Feb 27, 2026
Ratios computed
Oct 15, 2026
Filed years
16, FY2009 to FY2025
Four kinds of sourceSEC filingCompany statementMarket dataComputedWhat each means
SEC filingFiled with the SEC
Read from a statement the company filed with the SEC, with the form, fiscal year, filing date and accession beside it.
Company statementCompany statement
What the company says about itself in a filing: an 8-K item, the auditor, its own segment names.
Market dataMarket data
Prices, market value and what analysts publish, with the date they are as of.
ComputedComputed by ValueScreener
Worked out by us from the other three, with the inputs and the formula one press away. A score is a research output, not a rating or a recommendation.
Reading

1 of 10

Overview

What the business is, what it costs, and how it reads on four questions.

Market dataSEC filingComputed

Four questions, at a glance

Quality

Return on invested capital, after tax

7.9% Computed

From the FY2025 filing

Read quality

Valuation

Price to earnings

18.70x Computed

FY2025 accounts, priced at the latest close

Read valuation

Cash generation

Free cash flow yield

11.0% Computed

FY2025 accounts, priced at the latest close

Read cash generation

Revenue and net income, as filed

FY2016 Revenue: 171.7M USDFY2016 Net income: 11.5M USDFY2017 Revenue: 177.3M USDFY2017 Net income: 14.1M USDFY2018 Revenue: 175.8M USDFY2018 Net income: 20.4M USDFY2019 Revenue: 180.5M USDFY2019 Net income: 7.3M USDFY2020 Revenue: 273.6M USDFY2020 Net income: 25.9M USDFY2021 Revenue: 313.6M USDFY2021 Net income: 24.4M USDFY2022 Revenue: 313.8M USDFY2022 Net income: 18.0M USDFY2023 Revenue: 263.6M USDFY2023 Net income: 9.8M USDFY2024 Revenue: 251.5M USDFY2024 Net income: 13.0M USDFY2025 Revenue: 240.2M USDFY2025 Net income: 13.7M USD
Revenue Net income10 filed fiscal years, from the annual reports; the table in Filings names each document.
Named tests met
8 of 30 Which tests
The business, and the score behind its five axes

The reading, in brief

Is it cheap

Price to earnings is 18.70x at the close of 2026-10-15 on FY2025 figures; the lines are 15.00x (Graham's defensive ceiling) and, by market convention, 10.00x, 25.00x and 40.00x, and this sits between 15.00x and 25.00x.

Today, against the Consumer Cyclical sector (302 companies), 18.70x sits at the 48th percentile; the middle half of that group runs from 12.87x to 31.26x.

Is it good

Return on invested capital was 7.9% in FY2025, in the band labelled "Likely below the cost of capital" (below 8.0%), on lines anchored on Damodaran's cost-of-capital data, suggesting returns below the usual cost of the capital employed.

Today, against the Consumer Cyclical sector (222 companies), 7.9% sits at the 47th percentile; the middle half of that group runs from 3.6% to 14.8%.

Is it safe

Interest coverage was 22.40x in FY2025, in the band labelled "Comfortable" (6.00x and above), on lines anchored on Damodaran's interest-coverage table, suggesting an interest bill operating profit covers many times over.

Year by year against peers
Whether Escalade, Incorporated's return on invested capital stayed above the median of the Consumer Cyclical sector, year by year. (FY2022 to FY2025, 4 fiscal years of Escalade, Incorporated with a comparable figure)
The direction
Which way Escalade, Incorporated's return on equity has moved, and how steadily. (FY2016 to FY2025, 10 filed years of Escalade, Incorporated)
What could explain it
What in Escalade, Incorporated's filed statements could explain the movements. (7 readings drawn from the statement lines Escalade, Incorporated filed)
What to check next
What to check next on Escalade, Incorporated, and where in its filings. (4 questions for Escalade, Incorporated)
In one paragraph
One paragraph on Escalade, Incorporated's returns, cash, balance sheet and price. (16 of sixteen figures read for Escalade, Incorporated)

These are ESCA’s filed figures. The research desk says what they mean, against peers and its own years, with what to check next.

Research ESCAPart of Serious. New accounts start with 30 days of Professional, free, no card.

2 of 10

What changed

The newest filing, what it moved, and when the next one is due.

SEC filingCompany statement

The newest accounts on file are the FY2025 annual report: 10-K, filed Feb 27, 2026, accession 0001437749-26-006094.

3 of 10

Quality

The returns the business earns on its capital, and the margins behind them.

SEC filingComputed

Escalade, Incorporated: returns on capital and margins, each with its source
FigureValue, source and document
Return on invested capital, after tax7.9% ComputedFY2025 10-K, filed Feb 27, 2026, 0001437749-26-006094
Return on equity7.9% ComputedFY2025 10-K, filed Feb 27, 2026, 0001437749-26-006094
Return on capital employed, pre-tax9.8% ComputedFY2025 10-K, filed Feb 27, 2026, 0001437749-26-006094
Return on assets6.2% ComputedFY2025 10-K, filed Feb 27, 2026, 0001437749-26-006094
Gross margin26.9% ComputedFY2025 10-K, filed Feb 27, 2026, 0001437749-26-006094
Operating margin7.8% ComputedFY2025 10-K, filed Feb 27, 2026, 0001437749-26-006094
Net margin5.7% ComputedFY2025 10-K, filed Feb 27, 2026, 0001437749-26-006094
ESCA 5.7%
AOUT -4.8%CLAR -18.6%XPOF -12.3%PLBY -10.5%HERE 13.2%
-18.6%13.2%
Net margin: ESCA against the 5 companies named under Valuation context, each as filed for its own latest year. Placement only: no average is drawn.

4 of 10

Financial strength

What it owes against what it owns, and whether it can meet what falls due.

SEC filingComputedCompany statement

Escalade, Incorporated: leverage, liquidity and distress, each with its source
FigureValue, source and document
Debt to equity0.11 ComputedFY2025 10-K, filed Feb 27, 2026, 0001437749-26-006094
Current ratio4.28 ComputedFY2025 10-K, filed Feb 27, 2026, 0001437749-26-006094
Quick ratio2.04 ComputedFY2025 10-K, filed Feb 27, 2026, 0001437749-26-006094
Interest coverage22.40x ComputedFY2025 10-K, filed Feb 27, 2026, 0001437749-26-006094
Altman Z-score6.15 ComputedClose of Oct 15, 2026 · FY2025 10-K, filed Feb 27, 2026, 0001437749-26-006094
Net debt7.9M ComputedFY2025 10-K, filed Feb 27, 2026, 0001437749-26-006094
Total assets 222.1MTotal liabilities 48.9MShareholders' equity 173.2MOwnsOwes, and equity
Total assets Total liabilities Shareholders’ equity
The balance sheet, line by line

Financial health

What Escalade, Incorporated owned and owed at the end of fiscal 2025, from the balance sheet it filed (10-K, filed Feb 27, 2026, 0001437749-26-006094).

Escalade, Incorporated: balance sheet position
Total assets222.1M FiledFY2025 10-K, filed Feb 27, 2026
Total liabilities48.9M FiledFY2025 10-K, filed Feb 27, 2026
Shareholders' equity173.2M FiledFY2025 10-K, filed Feb 27, 2026
Cash11.9M FiledFY2025 10-K, filed Feb 27, 2026
Total debt19.8M FiledFY2025 10-K, filed Feb 27, 2026
Net debt7.9M
Current ratio4.28
Debt to equity0.11

Read from the filed balance sheet for each year, with the income statement of the same year supplying operating profit where a ratio needs it. Nothing here is a view on whether this company is sound.

5 of 10

Valuation context

What the market charges for it, against its own record and companies like it.

Market dataSEC filingComputed

Escalade, Incorporated: what the market charges, each with its source
FigureValue, source and document
Price to earnings18.70x ComputedClose of Oct 15, 2026 · FY2025 10-K, filed Feb 27, 2026, 0001437749-26-006094
P/E on trailing twelve months11.13x ComputedClose of Oct 15, 2026 · Trailing four quarters, each as known on the day; the quarterly filings are listed under Filings
Price to book1.50x ComputedClose of Oct 15, 2026 · FY2025 10-K, filed Feb 27, 2026, 0001437749-26-006094
Price to sales1.08x ComputedClose of Oct 15, 2026 · FY2025 10-K, filed Feb 27, 2026, 0001437749-26-006094
Enterprise value to EBIT14.26x ComputedClose of Oct 15, 2026 · FY2025 10-K, filed Feb 27, 2026, 0001437749-26-006094
Enterprise value to EBITDA11.23x ComputedClose of Oct 15, 2026 · FY2025 10-K, filed Feb 27, 2026, 0001437749-26-006094
Price to earnings over growth
Why n/a

We do not hold this figure for this company, so there is nothing to show.

n/a ComputedClose of Oct 15, 2026 · FY2025 10-K, filed Feb 27, 2026, 0001437749-26-006094
Diluted earnings per share0.99 USD FiledFY2025 10-K, filed Feb 27, 2026, 0001437749-26-006094
Graham number16.77 USD ComputedFY2025 10-K, filed Feb 27, 2026, 0001437749-26-006094

We publish no fair value or price target of our own. Value ESCA on your own assumptions in the DCF workbench, starting from the filed figures.

Its own record, and companies like it

Valuation

What the market charges for Escalade, Incorporated today, and the multiples it has carried. No value of ours: the figures are the filings’ and the market’s.

Escalade, Incorporated: valuation
Share price18.70 USD
Market capitalisation257.4M USD
Enterprise value to EBITDA11.23x
Graham number16.77 USD
Diluted earnings per share, FY20250.99 USD

Price to earnings on trailing twelve months, a different basis from the fiscal-year P/E above, since Oct 3, 2016: low 5.85x, median 14.79x, high 31.82x, latest 11.13x. 2,522 trading days with a meaningful ratio. Each close over the trailing twelve months of earnings as known that day: a quarter counts from the day it was filed.

Companies like Escalade, Incorporated

  1. American Outdoor Brands, Inc. (AOUT)Market cap 224.2M USD
  2. Clarus Corporation (CLAR)Market cap 134.0M USD
  3. Xponential Fitness, Inc. (XPOF)Market cap 195.5M USD
  4. Playboy, Inc. (PLBY)Market cap 127.0M USD
  5. Here Group Limited (HERE)Market cap 61.6M USD

Same industry (Leisure) and size band (Micro, 50M to 300M), nearest in market value, net margin and current ratio. Each of those counts equally, by how many of the companies considered sit between the two on it. Closest first: the order is likeness and nothing else.

6 of 10

Cash generation

Whether profit arrives as cash, and what is paid back to shareholders.

SEC filingComputed

Escalade, Incorporated: cash generation and what is paid out, each with its source
FigureValue, source and document
Free cash flow yield11.0% ComputedClose of Oct 15, 2026 · FY2025 10-K, filed Feb 27, 2026, 0001437749-26-006094
Free cash flow28.5M USD ComputedFY2025 10-K, filed Feb 27, 2026, 0001437749-26-006094
Free cash flow margin11.9% ComputedFY2025 10-K, filed Feb 27, 2026, 0001437749-26-006094
Dividend yield3.3% ComputedClose of Oct 15, 2026 · FY2025 10-K, filed Feb 27, 2026, 0001437749-26-006094
Payout ratio60.4% ComputedFY2025 10-K, filed Feb 27, 2026, 0001437749-26-006094
FY2016 Free cash flow: 9.5M USDFY2016 Net income: 11.5M USDFY2017 Free cash flow: 10.6M USDFY2017 Net income: 14.1M USDFY2018 Free cash flow: 3.7M USDFY2018 Net income: 20.4M USDFY2019 Free cash flow: 13.9M USDFY2019 Net income: 7.3M USDFY2020 Free cash flow: -2.8M USDFY2020 Net income: 25.9M USDFY2021 Free cash flow: -8.6M USDFY2021 Net income: 24.4M USDFY2022 Free cash flow: 6.5M USDFY2022 Net income: 18.0M USDFY2023 Free cash flow: 46.2M USDFY2023 Net income: 9.8M USDFY2024 Free cash flow: 34.0M USDFY2024 Net income: 13.0M USDFY2025 Free cash flow: 28.5M USDFY2025 Net income: 13.7M USD
Free cash flow Net incomeProfit that arrives as cash stands level with net income; a gap year after year is worth reading about.

7 of 10

Filings

Every figure, the year it is for and the document it was read from.

SEC filingMarket data

The filed figures

Computed from the accounts this company filed with the SEC and, in a ratio with a price in it, the last close, dated on this page. Every filed figure below carries the fiscal year and the filing date its accounts were read from, and every blank carries the reason it is blank. Nothing here is a view on this company.

Escalade, Incorporated: the eight ratios, with the fiscal year and filing date behind each.
FigureValueYearAs of
18.70xFY2025Oct 15, 2026
1.50xFY2025Oct 15, 2026
14.26xFY2025Oct 15, 2026
11.0%FY2025Oct 15, 2026
7.9%FY2025Feb 27, 2026
3.3%FY2025Oct 15, 2026
0.11FY2025Feb 27, 2026
4.28FY2025Feb 27, 2026
1.08xFY2025Oct 15, 2026
n/aFY2025Oct 15, 2026
n/a This figure compares a year against the one before it, and we hold one filed year for this company.
6.15FY2025Oct 15, 2026
-2.75FY2025Feb 27, 2026
8/9FY2025Feb 27, 2026

The figures are computed from the accounts for fiscal 2025, the newest full year on file. 16 filed fiscal years on record, FY2009 to FY2025, from SEC EDGAR. Prices as of Oct 15, 2026. Ratios recomputed Oct 15, 2026. Two facts, because a recompute is not a fresh quote.

The year and the filing date name the statement each figure’s accounts are read from, and they stand even where the figure itself could not be computed: the line beneath a blank says what that statement did not carry. A figure’s name opens its formula and the filings behind it; a statement that names no SEC filing has no filing date, and reads n/a.

Ten years of filed figures, year by year

Ten years of filed figures

10 filed fiscal years, FY2016 to FY2025, read from the annual reports Escalade, Incorporated filed with the SEC. Each year names its filing. Amounts in USD, as filed.

Escalade, Incorporated: revenue, earnings, free cash flow and returns, by fiscal year, with the filing each year was read from
YearRevenueOperating incomeNet incomeEPS, dilutedFree cash flowOperating marginReturn on equityFiling
FY2025240.2M18.7M13.7M0.9928.5M7.8%7.9%10-K, Feb 27, 20260001437749-26-006094
FY2024251.5M20.0M13.0M0.9334.0M8.0%7.7%10-K, Mar 10, 20250001437749-25-006863
FY2023263.6M17.8M9.8M0.7146.2M6.8%6.0%10-K, Mar 29, 20240001437749-24-010066
FY2022313.8M26.3M18.0M1.316.5M8.4%11.3%10-K, Feb 24, 20230001437749-23-004461
FY2021313.6M31.9M24.4M1.76-8.6M10.2%16.6%10-K, Feb 22, 20220001437749-22-003913
FY2020273.6M33.0M25.9M1.82-2.8M12.1%18.6%10-K, Feb 22, 20210001437749-21-003651
FY2019180.5M9.3M7.3M0.5013.9M5.1%5.8%10-K, Feb 21, 20200001104659-20-023597
FY2018175.8M13.8M20.4M1.413.7M7.9%15.9%10-K, Feb 22, 20190001144204-19-009589
FY2017177.3M14.6M14.1M0.9810.6M8.2%12.6%10-K, Feb 27, 20180001144204-18-011216
FY2016171.7M14.6M11.5M0.809.5M8.5%11.3%10-K, Feb 28, 20170001144204-17-011505
  • Revenue, compound annual growth FY2016 to FY2025: 3.8%
  • Earnings, compound annual growth FY2016 to FY2025: 2.0%
  • Earnings per share, compound annual growth FY2016 to FY2025: 2.4%
  • Free cash flow, compound annual growth FY2016 to FY2025: 13.0%

Every figure in this section is a line of a filed annual statement or a ratio of two of them. Nothing here is estimated or smoothed. Earnings per share filed before a share split are put on today's share count, and say so. Nothing here is a verdict on the company.

8 of 10

Risks and guardrails

The accounting screens, the published tests, and the lines you can set to be told.

ComputedCompany statement

Escalade, Incorporated: accounting screens and published tests, each with its source
FigureValue, source and document
Beneish M-score-2.75 ComputedFY2025 10-K, filed Feb 27, 2026, 0001437749-26-006094
Piotroski F-score8/9 ComputedFY2025 10-K, filed Feb 27, 2026, 0001437749-26-006094
Named tests met8 of 30 Computed
Beta0.48 ComputedClose of Oct 15, 2026

The named tests

Of 30 tests value investors published: 8 met, 22 not met, 0 we could not complete. Counts, never a score: a single figure would have to decide that meeting one investor’s criteria and meeting another’s are worth the same.

Which tests, by name(all 30)
Meets
Defensive investor (Benjamin Graham); Three forensic scores; High yield, low payout; Dividends and buybacks; ROIC at or above WACC; Z-score and coverage (Edward Altman); Low P/S, rising earnings (James O'Shaughnessy); Cash-covered dividend
Does not
Deep value; Large cap, low P/E; Earnings yield and ROIC (Joel Greenblatt); High F-score, low P/B (Joseph Piotroski); Low PEG, low debt (Peter Lynch); High returns and growth; Gross margin, turnover (Robert Novy-Marx); EV/EBITDA and coverage; Low beta, profitable; Near the 52-week low; Two thirds of NCAV (Benjamin Graham); P/E times P/B (Benjamin Graham); High returns, low debt; Owner earnings yield; High return on tangibles; Book or below, low debt (Walter Schloss); Tangible book or below; Cash-flow yield and ROIC; Clean books, high ROIC; Cheapest quarter on P/E (David Dreman); Cheapest quarter on P/B (David Dreman); Low P/E, growth, yield (John Neff)
Figures we could not read(1)
  • PEG Ratio: We do not hold this figure for this company, so there is nothing to show.

9 of 10

Declared positions

Whether anybody here owns this company.

Positions declared by Javier Sanz Alvarez: no holding in any company shown here, as of October 3, 2026.

10 of 10

Next step

What to do with what you have read.

A thesis is your reason for owning it, in your words, with the figures that must stay true. Checking those figures every night against the newest filed accounts, and telling you once when one breaks, is what the subscription adds.

More on this company

What this cannot tell you

  • One figure could not be read on this company: PEG Ratio.

And the one that is true of all of it: This is what the numbers say today. It cannot tell you the day one of them stops being true. Nothing here can, because the reasons are not written down.

Running this once is arithmetic on public documents and you are welcome to it. Writing down why you own each company, in your own words and with the numbers that have to stay true for it to hold, and then having those numbers re-checked every night against the newest filed accounts, and against the latest close where a rule watches a price, is Professional, the plan a new account starts on for 30 days, one trial per person. It writes to you the day one breaks, and stays quiet when nothing does. The check runs every night at 23:30 UTC. A filing is picked up the night after it is published.

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Analyze your own portfolio

ValueScreener · valuescreener.ai · Computed from accounts filed with the SEC by this company, read from EDGAR, and from dated closing prices. On this page a filed figure opens into its formula, its inputs and the statement, fiscal year and filing date it was read from, and a price into the day of its close. A figure that cannot show that trail says so.

A computation on accounts filed with the SEC, not a recommendation and not advice. Past filings do not indicate future results. Risk disclaimer.

Once a week, what changed in the filings of US-listed companies, why it can matter to a thesis, and what deserves a closer review. Grounded in filings, not market noise.

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Risk disclaimer. This service is provided for research and education only. Nothing on it is investment advice, a recommendation, or an offer to buy or sell any security. Capital is at risk, and past performance does not indicate future results. Figures come from filed accounts and may be incomplete, delayed or later restated, so verify a number against the filing before you act on it.