Daktronics Inc key statistics and ratios

In fiscal 2026, Daktronics Inc had return on equity of 15.8%, an operating margin of 7.3%, debt equal to 3.6% of equity and a current ratio of 2.31. Each ratio below is calculated from the figures on its income statement, balance sheet and cash flow pages.

Financial ratios

US$ thousands unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Daktronics Inc: financial ratios, annual
Fiscal year	2010May 2010	2011Apr 2011	2012Apr 2012	2013Apr 2013	2014Apr 2014	2015May 2015	2016Apr 2016	2017Apr 2017	2018Apr 2018	2019Apr 2019	2020May 2020	2021May 2021	2022Apr 2022	2023Apr 2023	2024Apr 2024	2025Apr 2025	2026May 2026	LTMAug 2026
Gross margin	24.0%	25.2%	23.2%	25.8%	25.7%	23.5%	21.2%	23.9%	23.9%	22.9%	22.8%	25.0%	19.1%	20.1%	27.2%	25.8%	27.3%	27.6%
Operating margin	−1.7%	4.4%	2.1%	5.9%	6.6%	5.1%	0.4%	2.6%	2.0%	−0.8%	−0.0%	3.5%	0.7%	2.8%	10.6%	4.4%	7.3%	7.3%
Net margin	−1.8%	3.2%	1.7%	4.4%	4.0%	3.4%	0.4%	1.8%	0.9%	−0.2%	0.1%	2.3%	0.1%	0.9%	4.2%	−1.3%	5.4%	5.7%
Free-cash-flow margin	7.0%	7.2%	0.7%	7.9%	4.1%	5.1%	−0.7%	5.3%	2.0%	2.2%	−1.2%	12.1%	−7.8%	−1.4%	5.7%	10.3%	4.1%	4.7%
Return on equity	−3.4%	6.9%	4.3%	12.0%	11.3%	10.1%	1.0%	5.2%	2.8%	−0.5%	0.3%	5.9%	0.3%	3.5%	15.7%	−4.0%	15.8%	15.6%
Return on assets	—	4.3%	2.6%	7.2%	6.6%	5.7%	0.6%	2.9%	1.6%	−0.3%	0.1%	2.9%	0.1%	1.5%	7.0%	−2.0%	8.6%	8.3%
Asset turnover	—	1.35	1.52	1.63	1.63	1.67	1.56	1.66	1.71	1.61	1.69	1.29	1.50	1.66	1.64	1.47	1.59	1.47
Current ratio	—	2.17	2.10	2.09	2.05	2.04	2.02	1.97	2.01	1.89	1.73	1.81	1.49	1.63	2.09	2.22	2.31	2.17
Debt to equity	0.0%	0.5%	0.2%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	8.8%	22.9%	4.6%	3.6%	3.3%
Interest cover (operating income ÷ interest)	n/m	106.1x	30.7x	86.2x	143.4x	140.3x	10.9x	67.0x	57.4x	n/m	n/m	58.0x	82.6x	19.0x	25.6x	11.5x	41.6x	—
Effective tax rate	—	35.7%	26.7%	26.4%	40.4%	34.1%	34.1%	33.7%	55.2%	—	—	22.3%	46.6%	48.7%	35.9%	—	22.2%	21.8%
R&D as % of revenue	5.6%	4.3%	4.8%	4.5%	4.2%	4.0%	4.7%	5.0%	5.8%	6.2%	6.2%	5.6%	4.7%	4.0%	4.4%	5.1%	5.2%	5.3%
Capital spending as % of revenue	4.1%	2.1%	3.4%	1.9%	2.4%	3.5%	3.0%	1.4%	3.0%	3.0%	3.0%	1.6%	3.3%	3.4%	2.1%	2.6%	1.8%	1.7%
Free cash flow ÷ net income	—	224.4%	41.4%	180.3%	102.1%	151.7%	−183.1%	298.8%	220.0%	—	<−999%	533.8%	<−999%	−152.3%	133.6%	—	75.6%	82.3%
Dividends ÷ net income	—	174.1%	305.7%	135.5%	75.2%	83.2%	851.8%	132.0%	223.4%	—	>999%	0.0%	0.0%	—	—	—	—	—
Dividends and buybacks ÷ free cash flow	14.0%	77.6%	738.5%	75.1%	73.6%	54.9%	—	50.1%	101.6%	102.2%	—	0.0%	—	—	0.0%	37.7%	74.5%	48.6%

US$ thousands unless shown otherwise. Fiscal quarters.

Daktronics Inc: financial ratios, quarterly
Quarter	2025 Q2Oct 2024	2025 Q3Jan 2025	2025 Q4Apr 2025	2026 Q1Aug 2025	2026 Q2Nov 2025	2026 Q3Jan 2026	2026 Q4May 2026	2027 Q1Aug 2026
Gross margin	26.8%	24.6%	25.0%	29.7%	27.0%	24.0%	28.0%	30.5%
Operating margin	7.6%	−2.4%	−1.0%	10.6%	9.4%	1.1%	6.8%	10.6%
Net margin	10.3%	−11.5%	−5.5%	7.5%	7.6%	1.7%	4.0%	8.3%
Free-cash-flow margin	18.2%	5.2%	10.5%	10.0%	6.1%	4.4%	−4.6%	11.6%
Current ratio	2.35	2.43	2.22	2.07	2.23	2.22	2.31	2.17
Debt to equity	25.1%	15.6%	4.4%	4.1%	3.8%	3.8%	3.6%	3.3%
R&D as % of revenue	4.7%	6.3%	5.8%	4.9%	4.6%	5.8%	5.7%	5.2%

Returns use average equity or assets over the year. Return on equity is left blank when equity is negative or so small that the ratio says nothing (above ±200%); interest cover is left blank above 200 times. Price-based ratios such as P/E are on the valuation page.

Financial health

5 of 5 checks passed · August 1, 2026

What it owns · $607m

Short-term assets $501mLonger-term assets $107m

What it owes, and who funded it · $548m

Short-term liabilities $231mShareholders' equity $318m

Short-term assets cover short-term liabilities $501m of assets due within a year against $231m of liabilities due within a year.
Short-term assets cover long-term liabilities Not assessable from the reported split. Not assessable.
More cash than debt $155m of cash against $11m of debt.
Debt below 40% of shareholders' equity Debt is 3% of equity.
Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
A year's operating cash flow covers at least 20% of debt $55m of operating cash flow against $11m of debt.
Operating profit covers interest at least five times over No material interest expense reported.

From Daktronics Inc's latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Moat

29 /100

Weak moat

How hard Daktronics's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

Returns on capital 0 / 20

Net income has been a median 1.8% of total assets over 10 years.
Pricing power 9 / 20

Gross margin has been a median 24.2%, moving by 2.7 percentage points (standard deviation) across 10 years.
Durability 0 / 20

Operating margin has been a median 3.0%; its worst year was -1.1%.
Cash conversion 11 / 20

Free cash flow was positive in 9 of 10 years, at a median 4.3% of revenue.
Discipline 14 / 20

The diluted share count rose 8.4% over five years; stock-based pay has been a median 0.4% of revenue.

AI disruption exposure: Medium. In this industry, AI could change how the product is made or sold, without replacing the core asset. The score above includes a 5-point deduction for that exposure (34 before it).

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

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Figures from Daktronics Inc's SEC filings (10-K and 10-Q), retrieved October 29, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Daktronics Inc.