ACGP Associated Capital Group, Inc.

Overview and Growth

Fiscal 2024 results for Associated Capital Group, Inc. combined $13.18M of revenue with net income of $44.33M and an operating cash inflow of $26.87M. At $13.18M, the top line establishes the operating scale supporting the company’s profit and cash-flow profile. The top line expanded 3.9% from $12.68M in fiscal 2023, increasing the company’s operating scale. The company reported diluted EPS of $2.08, adding a shareholder-level measure to the absolute income figures considered below. Diluted EPS increased by 20.9% from $1.72 in fiscal 2023, showing how the earnings change reached shareholders on a per-share basis. Diluted shares averaged 21.35M; this is the reported share base over which the company’s diluted per-share earnings were spread. Compared with 21.77M diluted shares in fiscal 2023, the current 21.35M base was 1.9% lower. The company employed $935.29M of total assets, the balance-sheet base supporting its current operating and cash-flow results. Asset turnover was 0.01x, relating the company’s annual revenue directly to the total assets reported at the period end.

Profitability

The company recorded an operating loss of $18.75M after the reported operating expense base. An operating margin of -142.3% reflected costs exceeding revenue-level gross profit by 142.3% of sales. The bottom-line result was net income of $44.33M, after the operating, financing, tax, and other items recognized for the period. The final earnings result represented 336.5% of revenue, connecting the absolute net income figure with the company’s top-line scale. The company reported negative EBITDA of $18.39M, adding a pre-interest, tax, depreciation, and amortization view of the operating shortfall. Before income taxes, the company reported $52.73M of earnings, providing a bridge between the operating result and final net income. Pretax income represented 400.3% of revenue, placing earnings before tax in the context of the company’s operating scale. Income tax expense totaled $8.31M, providing the reported tax component that separates pretax and after-tax earnings. The effective relationship between income tax and positive pretax income was 15.8%, without assuming a statutory-rate comparison. The relationship between net income and period-end equity was 5.0%, indicating the profitability achieved on book capital. Net income represented 4.7% of period-end assets, placing the company’s bottom-line result against the total resource base employed. Against $37.45M in fiscal 2023, the current $44.33M bottom line finished above the prior-year result in absolute terms.

Liquidity and Capital Structure

At period end, the $935.29M asset base was financed through $36.99M of liabilities and $892.71M of equity. Reported cash and equivalents were $299.55M, separating immediately recognizable cash resources from the rest of the current-asset base. Book equity represented 95.4% of total assets, quantifying the balance-sheet share supported by shareholder capital. The liabilities-to-assets relationship was 4.0%, placing reported obligations against the full positive asset balance. The cash-to-assets relationship was 32.0%, comparing reported cash and equivalents with the full positive asset balance. The asset base changed 0.9% from $943.80M in fiscal 2023, leaving current total assets lower year over year. Reported equity changed 1.6% from $906.98M in fiscal 2023, placing the current capital base lower year over year. Compared with $317.49M in fiscal 2023, the current cash balance moved 5.6% and finished lower.

Cash Flow and Earnings Quality

Operating activities produced a cash inflow of $26.87M, giving the cash-flow counterpart to the accrual-based profit measures reported for the year. Against net income, operating cash flow measured 0.61x, showing the relationship between accrual earnings and operating cash. Operating cash flow of $26.87M finished below fiscal 2023 operating cash flow of $145.07M, showing the year-over-year direction of cash generation.

Based on the annual report for the fiscal year ending Dec 31, 2024. Analysis generated Oct 21, 2026.