COVETRUS, INC.
Consumer Discretionary · Retail-Drug Stores and Proprietary Stores · DE · SEC filings ↗ · Compare ⊕
Financials
SEC XBRL · annual| FY21 | FY20 | FY19 | FY18 | FY17 | |
|---|---|---|---|---|---|
| Revenue | $4.58B | $4.34B | $3.98B | $3.78B | $3.58B |
| Operating income | −$23.0M | −$69.0M | −$997.0M | $137.0M | $135.0M |
| Net income | −$54.0M | −$19.0M | −$980.0M | $101.0M | $64.0M |
| Total assets | $3.41B | $3.50B | $3.36B | $2.19B | $2.22B |
| Total liabilities | $1.88B | $1.92B | $2.10B | $647.0M | — |
| Equity | $1.51B | $1.54B | $1.25B | $1.45B | $1.22B |
| EPS (diluted) | $-0.39 | $-0.22 | $-9.14 | $1.40 | $0.89 |
| Shares out. | 136.2M | 111.7M | 111.6M | 72.0M | 72.0M |
Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.
Key ratios
from filings · FY2021- Operating margin
- −0.5%
- Net margin
- −1.2%
- Return on equity
- −3.6%
- Return on assets
- −1.6%
- Return on capital (ROCE)
- −0.8%
- Liabilities / assets
- 55.0%
- Debt / equity
- 1.24×
- Book value / share
- $11.09
- Revenue growth (YoY)
- 5.4%
- Net income growth (YoY)
- —
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 · FY2021- Altman Z″ (distress)
- 1.02distress
- Accruals / assets
- −4.6%clean
- Beneish M-Score
- -2.73normal
- Piotroski F-Score
- 4/9mixed
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● 2 warning● 3 good- Altman Z″ in the distress zone
- Filed a late-filing notice (Form NT) — missed an SEC deadline
- Operating losses (negative operating margin)
- Reported a net loss
- 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-Qmissed a reporting deadline ↗May 16, 2019
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- Entered a material agreement · Terminated a material agreement · Completed an acquisition or disposition · New financial obligation · Delisting / listing-standard notice · Modified shareholder rights · Change in control · Director / officer change · Amended charter or bylaws · Other material eventOct 13, 2022
- Shareholder voteOct 11, 2022
- Other material eventOct 3, 2022
- Regulation FD disclosureAug 24, 2022
- Director / officer changeAug 11, 2022
- Results of operationsAug 4, 2022
- Entered a material agreementMay 25, 2022
- Entered a material agreementMay 20, 2022
Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.
Recent SEC filings
All filings ↗Event-driven situations (2)
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