HEADWATERS INC
Materials · Concrete Products, Except Block & Brick · DE · SEC filings ↗ · Compare ⊕
Financials
SEC XBRL · annual| FY16 | FY15 | FY14 | FY13 | FY12 | FY11 | |
|---|---|---|---|---|---|---|
| Revenue | $202.3M | $179.7M | $791.4M | $702.6M | $632.8M | $592.0M |
| Operating income | $110.7M | $102.1M | $66.7M | $54.4M | $34.4M | −$8.2M |
| Net income | $48.1M | $130.8M | $15.3M | $7.1M | −$62.2M | −$229.9M |
| Total assets | $1.24B | $979.0M | $896.3M | $718.5M | $680.9M | $728.2M |
| Total liabilities | $935.1M | $728.7M | $780.6M | $639.6M | $684.1M | $671.5M |
| Equity | $290.0M | $237.9M | $102.4M | $84.4M | −$3.1M | $56.7M |
| EPS (diluted) | $0.03 | $-0.34 | $0.20 | $0.10 | — | — |
| Shares out. | 74.2M | 73.9M | 73.5M | 73.2M | 61.1M | 60.9M |
Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.
Key ratios
from filings · FY2016- Operating margin
- 54.7%
- Net margin
- 23.8%
- Return on equity
- 16.6%
- Return on assets
- 3.9%
- Return on capital (ROCE)
- 10.1%
- Liabilities / assets
- 75.5%
- Debt / equity
- 3.22×
- Book value / share
- $3.91
- Revenue growth (YoY)
- 12.6%
- Net income growth (YoY)
- −63.2%
Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.
Financial health
forensic scores · FY2016- Altman Z″ (distress)
- 0.60distress
- Accruals / assets
- −5.8%clean
- Piotroski F-Score
- 3/9weak
Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.
Quality score
EDS ScoreOur own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast.
Signs
● 2 severe● 1 warning● 5 good- Altman Z″ in the distress zone
- Filed a late-filing notice (Form NT) — missed an SEC deadline
- High leverage (liabilities > 70% of assets)
- Operating margin is positive
- Strong return on equity (>15%)
- Revenue is growing year-over-year
- Positive operating cash flow
- Clean earnings (low accruals)
Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.
Risk flags
late SEC filings- NT 10-Kmissed a reporting deadline ↗Dec 28, 1999
- NT 10-Kmissed a reporting deadline ↗Dec 29, 1998
- NT 10-Kmissed a reporting deadline ↗Dec 29, 1997
- NT 10-Qmissed a reporting deadline ↗May 15, 1997
A Form NT means the company notified the SEC it would file a periodic report late — often an accounting, audit or liquidity warning sign. Also search SEC enforcement actions for this company.
Material events
SEC Form 8-K · most recent- Terminated a material agreement · Completed an acquisition or disposition · Delisting / listing-standard notice · Modified shareholder rights · Change in control · Director / officer change · Amended charter or bylaws · Other material eventMay 8, 2017
- Other material eventMay 4, 2017
- Results of operationsApr 28, 2017
- Other material eventFeb 9, 2017
- Shareholder voteFeb 3, 2017
- Results of operationsJan 31, 2017
- Other material eventJan 27, 2017
- Other material eventJan 9, 2017
Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.