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EBF

Ennis, Inc.

EBF

Ennis, Inc. • NYSE
$17.44 ▲ 1.04% (+0.18)
Market Cap $452.33 M
52w High $22.01
52w Low $16.30
Dividend Yield 1.00%
P/E 10.7
Volume 141.00K
Outstanding Shares 25.94M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q2-2026 $98.676M ▲ $17.719M ▲ $13.154M ▲ 13.33% ▲ $0.51 ▲ $22.453M ▲
Q1-2026 $97.197M ▲ $16.947M ▲ $9.799M ▲ 10.082% ▲ $0.38 ▲ $17.698M ▲
Q4-2025 $92.701M ▼ $15.347M ▼ $9.023M ▼ 9.733% ▼ $0.35 ▼ $16.111M ▼
Q3-2025 $99.771M ▲ $16.203M ▼ $10.204M ▼ 10.227% ▼ $0.39 ▼ $16.988M ▼
Q2-2025 $99.038M $16.557M $10.308M 10.408% $0.4 $17.409M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q2-2026 $31.886M ▼ $361.833M ▲ $56.453M ▼ $305.38M ▲
Q1-2026 $32.623M ▼ $361.66M ▲ $60.508M ▲ $301.152M ▼
Q4-2025 $72.475M ▲ $348.935M ▲ $46.955M ▼ $301.98M ▲
Q3-2025 $68.566M ▼ $346.055M ▼ $48.359M ▼ $297.696M ▼
Q2-2025 $122.632M $406.814M $48.445M $358.369M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q2-2026 $13.154M ▲ $10.465M ▲ $-1.155M ▲ $-10.047M ▲ $-737K ▲ $9.04M ▲
Q1-2026 $9.799M ▲ $7.96M ▼ $-30.799M ▼ $-11.538M ▼ $-34.377M ▼ $6.592M ▼
Q4-2025 $9.023M ▼ $12.758M ▼ $5.281M ▼ $-6.743M ▲ $11.296M ▲ $11.119M ▼
Q3-2025 $10.204M ▼ $18.156M ▲ $9.696M ▲ $-72.125M ▼ $-44.273M ▼ $17.524M ▲
Q2-2025 $10.308M $11.836M $3.275M $-6.497M $8.614M $10.728M

Revenue by Products

Product Q2-2017Q3-2017Q1-2026Q2-2026
Printed Products
Printed Products
 $0 ▲$0 ▲$0 ▲$10.00M ▲
Apparel Segment
Apparel Segment
 $40.00M ▲$40.00M ▲$0 ▼$0 ▲

Five-Year Company Overview

Income Statement

Income Statement Revenue has grown compared with a few years ago but has flattened out more recently, with a slight pullback from its recent peak. Profitability, however, is still solid: gross margins and operating margins are meaningfully stronger than they were five years ago, showing good cost control and pricing discipline. Net income and earnings per share climbed steadily over several years and then eased a bit from their high point, suggesting the company is still profitable but not in a strong growth phase right now. Overall, it looks like a mature, steady business with decent margins rather than a fast‑growing one.

Balance Sheet

Balance Sheet The balance sheet is a clear strength. The company carries very little debt and maintains a healthy cash position relative to its size. Equity has built up over time, which points to a business that has retained profits and not overextended itself financially. Total assets have been fairly stable, which is consistent with a company operating in a mature industry and focusing on efficiency rather than heavy expansion. The low leverage and solid equity base provide flexibility and resilience in downturns.

Cash Flow

Cash Flow Operating cash flow is consistently positive and comfortably covers capital spending, leaving room for free cash flow year after year. Capital expenditures are relatively modest, which fits a business that does not require heavy ongoing investment to maintain operations. Free cash flow has improved versus earlier years and appears stable, giving management options for dividends, buybacks, or acquisitions. The pattern reflects a cash‑generative, low‑capex model rather than a capital‑hungry growth story.

Competitive Edge

Competitive Edge Ennis operates in a mature, slowly evolving print and business forms industry, but it has carved out a strong niche. Its key edge is a very large, long‑standing distributor network and a broad, “one‑stop” product offering that makes it a convenient partner for trade customers. The company’s focus on serving distributors rather than going direct helps avoid channel conflict and deepens loyalty. Frequent, disciplined acquisitions have expanded its footprint and product range, helping it consolidate a fragmented industry. The main structural risk is the long‑term decline in some traditional print categories, but Ennis partly offsets this through scale, specialization, and customer relationships that are hard for smaller rivals to replicate.

Innovation and R&D

Innovation and R&D Innovation at Ennis is practical rather than flashy. The company has invested in a unified ERP system, which improves cost visibility and makes it easier to quickly integrate acquired businesses. It has selectively added digital and ink‑jet capabilities to support shorter runs, customization, and on‑demand jobs, aligning with changing customer needs. E‑commerce tools for distributors strengthen its role in the value chain and help partners do business more efficiently. Future innovation is likely to focus on process improvements, expanded packaging and label capabilities, and higher‑value, specialized print segments rather than radical new products.

Summary

EBF looks like a financially conservative, cash‑generative company operating in a mature, structurally challenged industry. Over the past several years it has improved margins and built a stronger financial base, even as revenue growth has cooled recently. The balance sheet is strong, with low debt and good liquidity, and cash flows are steady. Its competitive position leans on a deep distributor network, wide product range, and a repeatable acquisition playbook, supported by practical technology investments. Key opportunities lie in continued consolidation, higher‑value niches, and packaging, while key risks revolve around the gradual erosion of demand for traditional print and ongoing dependence on acquisitions to offset that pressure.

NEWS

November 17, 2025 · 6:00 AM UTC

Ennis Acquires CFC Print & Mail

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September 22, 2025 · 6:00 AM UTC

Ennis, Inc. Reports Results for the Quarter Ended August 31, 2025 and Declares Quarterly Dividend

Read more