Detailed financial statements for Symbotic Inc. (SYM): income statement, balance sheet and cash-flow summary. Track margins, debt, liquidity and profitability trends year over year: ten fiscal years free and up to 20 with Premium.
Symbotic Inc. is a company specializing in automation solutions, offering cutting-edge robotics and technology designed to boost operational efficiency for wholesale and retail businesses across the United States. They provide a comprehensive automated warehousing solution called The Symbotic System, which is engineered to lower expenditures, increase productivity, and streamline inventory control. The firm's headquarters are situated in Wilmington, Massachusetts.
Analysis Summary
Symbotic Inc. reported revenue of $2.25B in the most recent fiscal year, growing at a 5-year CAGR of 89.4%.
Trailing-twelve-month margins: gross margin 21.6%, operating margin 1.2%, net margin 0.5%.
At the current price of $43.28, SYM trades at a P/E of 467.39 and an ROE of 2.21%. Market capitalisation stands at $27.8B, placing it among large-cap names.
Balance sheet quality for SYM: current ratio of 1.1, net cash position of $1.21B. A debt-to-equity below 1.0 typically signals conservative capital structure, while a current ratio above 1.5 indicates comfortable short-term liquidity.
Income Statement (10y)
| Year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Revenue | $100.1M | $92.1M | $251.9M | $593.3M | $1.18B | $1.79B | $2.25B |
| Cost of Revenue | $120.1M | $111.0M | $241.5M | $493.7M | $967.4M | $1.51B | $1.82B |
| Gross Profit | -$20.0M | -$18.9M | $10.4M | $99.6M | $209.5M | $279.1M | $422.6M |
| Research & Development | $49.1M | $55.9M | $73.4M | $124.1M | $195.0M | $173.5M | $216.0M |
| Selling, General & Admin | $36.7M | $35.6M | $59.4M | $115.9M | $215.6M | $188.9M | $298.7M |
| Operating Expenses | $85.8M | $91.4M | $132.8M | $240.0M | $432.7M | $395.8M | $514.7M |
| Operating Income | -$105.8M | -$110.4M | -$122.4M | -$140.4M | -$223.2M | -$116.7M | -$92.1M |
| EBITDA | -$98.4M | -$104.6M | -$117.8M | -$133.1M | -$189.9M | -$60.1M | -$48.5M |
| Interest Expense | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Pre-tax Income | -$104.4M | -$109.6M | -$122.3M | -$139.1M | -$212.5M | -$80.5M | -$92.7M |
| Income Tax | 0 | -$47,000 | 0 | 0 | -$4.6M | $4.2M | -$1.6M |
| Net Income | -$104.4M | -$109.5M | -$122.3M | -$79.0M | -$23.9M | -$13.5M | -$16.9M |
| EPS | $-2.56 | $0.00 | $-19.03 | $-0.13 | $-0.37 | $-0.08 | $-0.16 |
| EPS (Diluted) | $-2.56 | $0.00 | $-19.03 | $-0.13 | $-0.37 | $-0.08 | $-0.16 |
| Shares Outstanding (Diluted) | $50.7M | $50.7M | $50.7M | $54.1M | $64.3M | $95.7M | $108.7M |
Income Statement (Quarterly)
| Year | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|---|---|---|---|
| Revenue | $618.5M | $630.0M | $676.5M | $720.8M |
| Gross Profit | $127.1M | $133.4M | $150.0M | $160.9M |
| Operating Income | -$15.3M | $9.2M | $6.1M | $32.9M |
| EBITDA | -$9.6M | $24.1M | $23.9M | $22.2M |
| Net Income | -$3.6M | $2.6M | $2.0M | $11.7M |
| EPS | $-0.03 | $0.02 | $0.02 | $0.09 |
| EPS (Diluted) | $-0.03 | $0.02 | $0.01 | $0.09 |
Balance Sheet (10y)
| Year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $58.3M | $156.6M | $353.5M | $258.8M | $727.3M | $1.24B |
| Short-term Investments | 0 | 0 | 0 | $286.7M | 0 | 0 |
| Receivables | $2.5M | $63.4M | $105.2M | $190.4M | $419.8M | $368.4M |
| Inventory | $16.5M | $33.6M | $91.9M | $136.1M | $106.1M | $164.4M |
| Total Current Assets | $211.5M | $260.4M | $605.4M | $991.8M | $1.36B | $1.89B |
| Property, Plant & Equipment | $9.2M | $18.6M | $24.9M | $34.5M | $97.1M | $117.6M |
| Goodwill | 0 | 0 | 0 | 0 | 0 | $59.9M |
| Intangible Assets | $1.5M | $1.2M | $650,000 | $217,000 | $3.7M | $79.1M |
| Total Assets | $225.0M | $280.5M | $631.3M | $1.05B | $1.58B | $2.40B |
| Accounts Payable | $6.0M | $28.0M | $68.4M | $109.9M | $175.2M | $286.7M |
| Short-term Debt | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Current Liabilities | $146.6M | $337.0M | $523.0M | $1.03B | $1.02B | $1.73B |
| Long-term Debt | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Liabilities | $1.07B | $1.39B | $562.3M | $1.05B | $1.19B | $1.92B |
| Retained Earnings | -$856.9M | -$1.15B | -$1.29B | -$1.31B | -$1.32B | -$1.34B |
| Total Equity | -$844.5M | -$1.11B | $7.2M | $82,000 | $197.2M | $221.3M |
| Total Debt | 0 | 0 | 0 | 0 | 0 | $31.7M |
| Net Debt | -$58.3M | -$156.6M | -$353.5M | -$545.5M | -$727.3M | -$1.21B |
| Working Capital | $65.0M | -$76.6M | $82.4M | -$33.7M | $338.4M | $160.9M |
Cash Flow (10y)
| Year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Net Income | -$104.4M | -$109.5M | -$122.3M | -$139.1M | -$207.9M | -$84.7M | -$91.0M |
| Depreciation & Amortization | $7.4M | $5.7M | $4.5M | $6.0M | $11.3M | $23.5M | $44.1M |
| Stock-based Compensation | $22,000 | $71,000 | $97,000 | $26.9M | $154.2M | $112.2M | $183.9M |
| Change in Working Capital | $114.0M | -$20.6M | $227.2M | -$47.1M | $252.6M | -$137.4M | $714.0M |
| Operating Cash Flow | $17.2M | -$124.3M | $109.6M | -$148.2M | $230.8M | -$58.1M | $866.9M |
| Capital Expenditure | -$4.3M | -$5.1M | -$12.2M | -$17.9M | -$21.3M | -$44.4M | -$79.0M |
| Acquisitions | 0 | 0 | 0 | 0 | 0 | 0 | -$141.8M |
| Stock Repurchased | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Free Cash Flow | $12.9M | -$129.4M | $97.4M | -$166.2M | $209.5M | -$102.5M | $787.9M |
Growth & Margins (10y)
| Year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Revenue Growth (YoY) | -8.0% | +173.6% | +135.5% | +98.4% | +51.9% | +25.7% | |
| Net Income Growth (YoY) | -4.9% | -11.7% | +35.4% | +69.8% | +43.5% | -25.6% | |
| EPS Growth (YoY) | +100.0% | +99.3% | -184.6% | +78.4% | -100.0% | ||
| Shares Change (YoY) | +0.0% | +0.0% | +6.8% | +19.0% | +48.7% | +13.6% | |
| FCF Growth (YoY) | -1,106.2% | +175.3% | -270.6% | +226.0% | -148.9% | +869.1% | |
| Gross Margin | -19.9% | -20.6% | 4.1% | 16.8% | 17.8% | 15.6% | 18.8% |
| Operating Margin | -105.7% | -119.9% | -48.6% | -23.7% | -19.0% | -6.5% | -4.1% |
| EBITDA Margin | -98.3% | -113.6% | -46.8% | -22.4% | -16.1% | -3.4% | -2.2% |
| Net Margin | -104.2% | -118.9% | -48.6% | -13.3% | -2.0% | -0.8% | -0.8% |
| FCF Margin | 12.8% | -140.5% | 38.7% | -28.0% | 17.8% | -5.7% | 35.1% |
| Effective Tax Rate | -0.0% | 0.0% | -0.0% | -0.0% | 2.2% | -5.2% | 1.8% |
Per-Share Data (10y)
| Year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| FCF Per Share | $0.25 | $-2.55 | $1.92 | $-3.07 | $3.26 | $-1.07 | $7.25 |
| Dividends Per Share | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Shares Outstanding (Basic) | $50.7M | $50.7M | $50.7M | $54.1M | $64.3M | $95.7M | $108.7M |
What to look at in Industrials
Aerospace, defence, machinery, transport. Semi-cyclical. Key: backlog, operating margins, and FCF conversion.
- 5y revenue growth — Without growth, there is no long-term value creation
- Operating margin — The best indicator of operational discipline in industrials
- ROIC — Quality industrials have ROIC >15% — the rest destroy capital
- FCF conversion — FCF / Net Income — in industrials good >85%
- Net debt / EBITDA — Cyclical industrials with high debt suffer hard in recessions
- Capex / Revenue — Maintaining the machinery. <4% = possible underinvestment (future decline)
- Altman Z-Score — Bankruptcy model (NYU 1968) — combines liquidity, leverage and profitability. Key in cyclicals
Profitability
| Return on Equity | 2.21% |
| Return on Invested Capital | 2.38% |
| Return on Assets | 0.36% |
| Gross Margin | 21.60% |
| Operating Margin | 1.25% |
| Net Margin | 0.48% |
Financial Health
| Debt / Equity | 0.04 |
| Current Ratio | 1.33 |
Key Ratios (10y)
| Year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| P/E | -4.00 | -4.74 | -0.52 | -88.46 | -90.35 | -304.88 | -325.88 |
| P/B | 0.00 | -0.61 | -0.45 | 86.58 | 26,229.74 | 11.83 | 25.60 |
| P/S | 5.19 | 5.64 | 1.98 | 1.05 | 1.83 | 1.31 | 2.52 |
| Gross Margin | -19.9% | -20.6% | 4.1% | 16.8% | 17.8% | 15.6% | 18.8% |
| Operating Margin | -105.7% | -119.9% | -48.6% | -23.7% | -19.0% | -6.5% | -4.1% |
| Net Margin | -104.2% | -118.9% | -48.6% | -13.3% | -2.0% | -0.8% | -0.8% |
Related companies: AME · CARR · CMI · FAST · FER · FERG · GWW
Explore sector: Industrials · Industrial - Machinery
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