Company Quick10K Filing
Spartan Motors
Closing Price ($) Shares Out (MM) Market Cap ($MM)
$0.00 35 $360
10-Q 2019-11-12 Quarter: 2019-09-30
10-Q 2019-08-01 Quarter: 2019-06-30
10-Q 2019-05-02 Quarter: 2019-03-31
10-K 2019-03-05 Annual: 2018-12-31
10-Q 2018-10-31 Quarter: 2018-09-30
10-Q 2018-08-02 Quarter: 2018-06-30
10-Q 2018-05-03 Quarter: 2018-03-31
10-K 2018-03-01 Annual: 2017-12-31
10-Q 2017-11-01 Quarter: 2017-09-30
10-Q 2017-08-02 Quarter: 2017-06-30
10-Q 2017-05-04 Quarter: 2017-03-31
10-K 2017-03-03 Annual: 2016-12-31
10-Q 2016-11-03 Quarter: 2016-09-30
10-Q 2016-08-04 Quarter: 2016-06-30
10-Q 2016-05-04 Quarter: 2016-03-31
10-K 2016-03-09 Annual: 2015-12-31
10-Q 2015-11-06 Quarter: 2015-09-30
10-Q 2015-08-05 Quarter: 2015-06-30
10-Q 2015-05-05 Quarter: 2015-03-31
10-K 2015-03-05 Annual: 2014-12-31
10-Q 2014-11-04 Quarter: 2014-09-30
10-Q 2014-08-05 Quarter: 2014-06-30
10-Q 2014-05-07 Quarter: 2014-03-31
10-K 2014-03-13 Annual: 2013-12-31
10-Q 2013-11-07 Quarter: 2013-09-30
10-Q 2013-08-07 Quarter: 2013-06-30
10-Q 2013-05-08 Quarter: 2013-03-31
10-K 2013-03-14 Annual: 2012-12-31
10-Q 2012-11-08 Quarter: 2012-09-30
10-Q 2012-08-08 Quarter: 2012-06-30
10-Q 2012-05-08 Quarter: 2012-03-31
10-K 2012-03-14 Annual: 2011-12-31
10-Q 2011-11-08 Quarter: 2011-09-30
10-Q 2011-08-08 Quarter: 2011-06-30
10-K 2011-03-15 Annual: 2010-12-31
8-K 2019-10-31 Earnings, Exhibits
8-K 2019-09-23 Officers
8-K 2019-09-09 Enter Agreement, M&A, Regulation FD, Exhibits
8-K 2019-08-05 Officers, Exhibits
8-K 2019-08-01 Earnings, Exhibits
8-K 2019-06-17 Officers, Exhibits
8-K 2019-06-13 Regulation FD, Exhibits
8-K 2019-05-22 Shareholder Vote
8-K 2019-05-07 Regulation FD, Exhibits
8-K 2019-05-02 Earnings, Exhibits
8-K 2019-04-10 Officers, Exhibits
8-K 2019-02-28 Earnings, Exhibits
8-K 2019-01-14
8-K 2018-12-17 Regulation FD, Exhibits
8-K 2018-12-17 Regulation FD, Exhibits
8-K 2018-12-11 Officers
8-K 2018-11-07 Regulation FD, Exhibits
8-K 2018-10-31 Earnings, Exhibits
8-K 2018-08-08 Enter Agreement, Off-BS Arrangement
8-K 2018-08-02 Earnings, Exhibits
8-K 2018-07-13 Officers
8-K 2018-06-30 Officers
8-K 2018-06-08 Officers
8-K 2018-06-01 Officers, Exhibits
8-K 2018-05-29 Regulation FD, Exhibits
8-K 2018-05-23 Officers, Shareholder Vote
8-K 2018-05-14 Officers, Exhibits
8-K 2018-05-03 Earnings, Exhibits
8-K 2018-04-06 Officers, Exhibits
8-K 2018-03-12 Regulation FD, Exhibits
8-K 2018-03-01 Earnings, Exhibits
8-K 2017-07-26 Officers, Exhibits

Spartan Motors Financials

SPAR Metrics, Comps, Filings

Annual | Quarterly

Business

Spartan Motors, Inc. was organized as a Michigan corporation on September 18, 1975, and is headquartered in Charlotte, Michigan. Spartan Motors began development of its first product that same year and shipped its first fire truck chassis in October 1975.

We are a niche market leader in specialty vehicle manufacturing and assembly for the commercial vehicle (including last-mile delivery, specialty service and vocation-specific up-fit segments), emergency response and recreational vehicle industries. Our products include: walk-in vans and truck bodies used in e-commerce/parcel delivery; up-fit equipment used in the mobile retail and utility trades; fire trucks and fire truck chassis; luxury Class A diesel motor home chassis; military vehicles; and contract manufacturing and assembly services. We also supply replacement parts and offer repair, maintenance, field service and refurbishment services for the vehicles that we manufacture. Our operating activities are conducted through our wholly-owned operating subsidiary, Spartan Motors USA, Inc. (“Spartan USA”), with locations in Charlotte, Michigan; Bristol, Indiana; Ephrata, Pennsylvania; Ladson, South Carolina; Pompano Beach, Florida; Brandon, South Dakota; Snyder and Neligh, Nebraska, along with contract manufacturing in Kansas City, Missouri and Saltillo, Mexico. We employed 2,338 people across all of our business units and corporate location as of January 31, 2019.

Our vehicles, parts and services are sold to commercial, original equipment manufacturers (OEMs), dealers, individual end users, and municipalities and other governmental entities. In 2018, 68.6% of our revenue was derived from commercial, original equipment manufacturers, dealers, and end users, while 31.4% was derived from municipalities and other governmental entities. Our product portfolio gives us access to multiple differentiated markets and corresponding customer bases which help to mitigate the impact of business cycles.


Valuation ($BB)

Market Cap, Enterprise Value

Balance Sheet ($BB)

Assets, Stockholders' Equity

Income Statement ($BB Annual)

Revenue, Gross Profit, Net Income

Cash Flow ($BB Annual)

Operating, Investing, Financing

Comps ($MM TTM) Market Cap Gross Margin EV/EBITDA Ret on Assets Assets Liabilities Revenue G Profit Net Income EBITDA EV
Toyota Motor (TM) 347,527 0% 51,936,949 31,371,739 0 0 0 0 11,446,217
General Motors (GM) 53,091 0% 1.4 4% 233,737 186,648 145,128 0 9,153 23,754 32,910
Honda Motor (HMC) 47,790 0% -7.2 1% 20,419,122 11,853,332 5,842,206 0 246,260 246,260 -1,768,130
Ford (F) 40,933 15% 6.4 1% 262,184 226,048 158,654 23,733 2,214 2,892 18,627
Tesla (TSLA) 39,915 18% 42.7 -2% 31,873 24,722 24,941 4,453 -606 1,091 46,626
Fiat Chrysler (FCAU) 22,360 0% 96,873 0 0 0 0 22,360
Ferrari (RACE) 18,471 0% 4,852 0 0 0 0 18,471
WABCO (WBC) 6,785 30% 11.9 9% 4,013 2,594 3,672 1,095 357 579 6,912
Oshkosh (OSK) 5,836 18% 7.2 11% 5,446 2,850 8,243 1,495 581 898 6,509
Navistar (NAV) 2,946 18% 7.0 4% 7,294 10,954 11,788 2,071 323 884 6,178
Federal Signal (FSS) 1,644 26% 10.4 10% 1,096 516 1,147 300 104 174 1,815
REV Group (REVG) 681 11% 20.1 -2% 1,406 889 2,411 263 -26 54 1,080
Spartan Motors (SPAR) 360 11% 14.9 3% 395 207 941 101 12 24 364
Kandi Technologies (KNDI) 257 25% -19.3 -6% 409 190 97 24 -23 -13 252
Workhorse (WKHS) 188 -3,610% -5.8 -186% 36 81 0 -15 -66 -30 173
PACCAR (PCAR) 0 0% -0.8 9% 27,168 17,533 25,152 0 2,372 4,088 -3,219
NIO (NIO)
Niu Technologies (NIU)
Tata Motors (TTM) 0% 2,987,120 2,429,052 0 0 0 0 -0
Electra Meccanica Vehicles (SOLO) 0% 29 7 0 0 0 0 -2

Balance Sheet ($MM)2011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Cash3222312933323427
Accounts Receivable40474848576583107
Inventory6768817161597870
PP&E65591215047535557
Assets249245253239231243301354
Accounts Payable2223312327314176
Long-Term Debt5555501826
Liabilities666682708290133168
Stockholders' Equity183179172169149154169187
Income Statement ($MM)2011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Revenue426471470507550591707816
Cost of Revenue365412416444503518618718
Gross Profit6159536347738998
R&D141311125777
SG&A4446455153566573
Tax10-21-0202
Net Income1-2-61-1791615
Cash Flow ($MM)2011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Cash Operating3061371323228
Cash Investing-9-12-1-3-5-13-34-14,619
Cash Financing-4-4-3-6-4-11140