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Escalade Inc (ESCA) stock

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NASDAQ: ESCA Nasdaq Leisure Products Next results ~January 27, 2027

B Fundamentals grade

Escalade Inc is a US-listed company in the leisure products industry. Its financial year ends in December.

Stock price today

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Third-party market data · may be delayed

Fair value per share

~$44

Cash-flow model

Base case. Range ~$33–$59 across our lower- and higher-growth cases (-3%–7% a year).

Price vs value

Undervalued

The price is below our entire value range; our base value is 112% above it.

Price used: $20.94, November 2, 2026

Escalade Inc valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Insiders0 buying, 4 selling0 purchases and 12 sales by directors and officers, last 12 monthsInsider trades
  • Funds31 adding, 40 cuttingOf 9 active managers that changed their stake, 6 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Escalade files

Where Escalade stands after its latest 10-Q

Revenue for the twelve months to September 2026 was $242m, up 0.0% on a year earlier, slower than the 1.0% growth a quarter earlier. Free-cash-flow margin rose to 17.0% from 11.0% a year earlier. Operating margin widened to 13.1% from 7.5%. Against its peers on growth, profitability, cash generation and balance sheet, it grades C+. It passes 7 of our 7 financial-health checks. Our cash-flow model value is $43.29 a share, against a share price of $20.62. At that price, our model says the market is pricing in cash flow shrinking about 11.2% a year for five years, slower than the -5.1% a year revenue growth it has delivered.

Source: 10-Q filed October 29, 2026 on SEC EDGAR · Financials · Valuation

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~January 27, 2027 (estimated)

Escalade Inc's trailing-twelve-month revenue grew 0.0% year on year, with a free-cash-flow margin of 17.0%. Where it stands out: long-term debt as % of assets of 0.0% ranks 1 of 20 leisure products companies we cover. Where it lags: days sales outstanding of 72 days ranks 23 of 27 leisure products companies we cover.

Our discounted-cash-flow model values the business at ~$44 per share in the base case (~$33–$59 across growth scenarios) — model values under stated assumptions, not a price target.

Current signal Free cash flow diverging from earnings: TTM free cash flow grew 54.8% while net income grew 91.0%: a 36pp divergence.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Priced below our value. The share price of $20.94 is 111% below our value per share of $44.
  • Margins widening. Operating margin is up 5.6 points on a year ago.
  • Net cash. Cash exceeds long-term debt by $0.0bn.
  • Beating expectations. Earnings per share beat the analysts' consensus estimate in each of the last four quarters.

Things to watch

  • Below peers: days sales outstanding. Days sales outstanding of 72 days ranks 23 of 27 leisure products companies we cover (median 42 days).
  • Below peers: change in growth rate. Change in growth rate of -0.9pp ranks 24 of 29 leisure products companies we cover (median +3.1pp).
  • Earnings expected to fall. The consensus expects earnings per share to fall 24% next year.

Latest results: FY2026 Q3

Filed October 29, 2026
Earnings per share
$0.48 against an average estimate of $0.34: beat by 41.2%
Revenue
$66m, down 3.2% on a year earlier
Share reaction
+6.3% in the first session after the results on October 29, 2026, against -2.1% for the S&P 500
Next report
October 29, 2026

Escalade's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day+6.3%
  • 1 week+12.3%
  • 1 month+9.6%
  • This year+60.9%
  • 1 year+88.5%
  • 5 years+38.1%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

Loading chart…

Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$242M
Operating margin
13.1%
Net margin
10.0%
EPS (TTM, diluted)
$1.75

Growth

Revenue growth
+0.0%
Change in growth rate
−0.9 pts
Share count change
−0.7%

Cash

Free cash flow (TTM)
$41.1M
FCF margin
17.0%
Stock pay % of revenue
0.6%

Earnings

Last results
October 29, 2026
Next results (est.)
January 27, 2027

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Results
  2. Announcement
  3. Results

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Escalade Inc valuation models and calculator

What the price is pricing in

The share price implies cash flow shrinking about 11.2% a year for five years.That is slower than the -5.1% a year revenue growth Escalade has delivered.

  • Priced in-11.2%
  • Last 12 months0.0%
  • 3 years a year-3.7%
  • 5 years a year-5.1%

Our cash-flow model with every input fixed except growth over the next five years, solved for the growth at which the model value equals the share price ($20.62, Nov 3, 2026). Cash-flow growth then fades to 2.5% a year; discount rate 8.5%. Delivered figures are revenue growth from SEC filings. This is a model exercise, not investment advice or a forecast of the share price. All companies

Fundamentalytics rating

model v1.6 · 2026-11-03
Buy12-month view
12-month price target
~$44
Price used
$20.62close November 3, 2026
Implied change
▲ +115%
Uncertainty
Medium

How we got here: a discounted-cash-flow model of Escalade Inc's free cash flow after stock-based pay with after-tax interest added back ($35.6M, FY2026 Q3 TTM), growing 3.1% and 2.1% in the next two years (forecasts, guidance and its record), then back to 2% by year five, and fading to 2.5%, discounted at 8.5%. Lower and higher growth cases span ~$33–~$59 ; that spread sets a 25% margin before we rate Buy or Sell.

Produced by Fundamentalytics' automated valuation model on November 3, 2026, using delayed market prices. Rating meanings, methodology and conflicts: recommendations disclosure and research disclaimer. General research, not personal advice — it does not consider your circumstances. Prices can fall as well as rise.

Our value per share comes from a discounted-cash-flow model of Escalade Inc's free cash flow after stock-based pay ( $35.6M, FY2026 Q3 TTM, with after-tax interest added back): growth for five years as below (the first two years from forecasts, guidance and the company's record), fading to 2.5%, discounted at 8.5%, then cash added and debt and other claims subtracted. These are model values under stated assumptions, not price targets or recommendations.

Valuation models

We value Escalade Inc as an operating company, with every model that fits that kind of business. Cost of equity 8.5%: the 10-year Treasury yield (4.9%) plus a beta of 0.79 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Cash-flow model (DCF) Free cash flow to the firm (after stock pay, with after-tax interest added back), grown then faded to 2.5%, discounted at 8.5% as the firm rate, less debt and other claims. ~$44 ~$33–$59 Primary model, counts double
Price-to-earnings vs peers Earnings per share times peers' typical (harmonic-mean) price-to-earnings. ~$33 ~$25–$43 Included
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. ~$15 ~$11–$22 Included
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. ~$16 ~$14–$20 Included
Combined value Weighted average of the models that apply: the primary model (cash-flow model (dcf)) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$31 ~$15–$44 4 models

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Escalade Inc with Leisure Products in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

What moves the value

  • Revenue growth 5 points lower ▼ −25%
  • Revenue growth 5 points higher ▲ +33%
  • Free-cash-flow margin 1 point lower ▼ −6%
  • Last year's free-cash-flow margin change, if it persists ▲ +52%
  • Discount rate 1 point higher ▼ −14%
Value per share under different assumptions
Discount rate ↓ / growth → −5% growth0% growth5% growth10% growth15% growth20% growth
7% $38$51$69$92$123$162
8.5% $29$39$52$68$90$118
10% $24$32$41$54$71$92

Valuation multiples over time Market data may be delayed

At fiscal year end 20152016201720182019202020212022202320242025Now
Share price$8.59$8.92$8.62$8.33$7.46$17.26$12.82$8.75$17.85$13.22$13.02$20.94
Market value$122m$128m$124m$121m$108m$246m$178m$120m$248m$186m$180m$290m
+ Net debt (− = net cash)$41m$26m$23m−$3m−$6m$27m$53m$91m$51m$21m$7m−$11m
Enterprise value$163m$153m$147m$118m$102m$272m$231m$211m$299m$207m$187m$279m
Multiples
Price / sales 0.8x0.7x0.7x0.7x0.6x0.9x0.6x0.4x0.9x0.7x0.8x1.2x
Price / earnings 10.5x11.1x8.8x5.9x14.8x9.5x7.3x6.7x25.2x14.3x13.2x12.0x
Price / free cash flow 11.8x13.4x11.7x32.7x7.8x——18.7x5.4x5.5x6.3x7.1x
EV / EBITDA 9.1x7.7x7.9x6.7x7.7x7.3x6.3x6.5x12.7x8.0x7.9x7.6x

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

53 /100

Moderate moat

How hard Escalade'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 9 / 20

    Net income has been a median 6.3% of total assets over 10 years.

  • Pricing power 10 / 20

    Gross margin has been a median 25.0%, moving by 1.8 percentage points (standard deviation) across 9 years.

  • Durability 11 / 20

    Operating margin has been a median 8.1%; its worst year was 5.8%.

  • Cash conversion 12 / 20

    Free cash flow was positive in 8 of 10 years, at a median 7.9% of revenue.

  • Discipline 17 / 20

    The diluted share count fell 1.0% 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 (58 before it).

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

Forecasts and guidance

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $1.58 +60% $246m +2%
Next $1.21 −24% $253m +3%

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is +46.8% on 90 days ago. In the last 30 days, 1 analyst raised Escalade Inc's forecast and 0 cut it.

Consensus EPS forecast Escalade Inc, last 90 days
$1.00 $1.20 $1.40 $1.60 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $1.08 Current fiscal year, 60 days ago: $1.56 Current fiscal year, 30 days ago: $1.56 Current fiscal year, 7 days ago: $1.56 Current fiscal year, Now: $1.58 $1.58

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal year
90 days ago $1.08
60 days ago $1.56
30 days ago $1.56
7 days ago $1.56
Now $1.58

Earnings against estimates

Quarter toEstimateActualSurprise
Sept 2026 $0.34 $0.48 +41.2%
Jun 2026 $0.16 $0.68 +325.0%
Mar 2026 $0.18 $0.32 +77.8%
Dec 2025 $0.20 $0.27 +35.0%

Adjusted EPS as companies report it, against the average analyst estimate.

Management guidance

Earnings release, October 29, 2026

No numeric guidance in Escalade Inc's latest earnings release (filed October 29, 2026). Some companies give their outlook only on the earnings call.

How our valuation uses these forecasts

Our cash-flow model grows Escalade Inc's revenue by +3.1% next year and +2.1% the year after, then fades back toward its own record by year five. Next year's rate weighs analysts' consensus (+4.0%, weight 56%) and the company's own record (+2.0%, weight 44%) . How the weights are set.

Analyst recommendations

2 analysts, Oct 2026
Buy150%
Hold150%
Sell00%

Monthly trend

  1. Oct 2026112
  2. Sep 202611

Counts of recommendations published by analysts covering Escalade Inc, by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
3.0%
of tradable shares
Days to cover
9.51
at average volume
Short interest, 1 month
−4%
to October 15, 2026
Held by institutions
31%
of shares
Held by insiders
39.8%
of shares
Employees
437
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months +88.5%

$11.11 on October 31, 2025 to $20.94

ThenNowEffect
Revenue (last 12 months) $241m $244m +1.0%
Net margin 5.3% 9.5% +78.3%
P/E multiple 12.1x 12.6x +3.6%
Share count 14m 14m +1.0%

Biggest factor: net margin.

Last 3 years +37.8%

$15.20 on November 3, 2023 to $20.94

ThenNowEffect
Revenue (last 12 months) $272m $244m −10.3%
Net margin 3.1% 9.5% +207.8%
P/E multiple 25.0x 12.6x −49.7%
Share count 14m 14m −0.9%

Biggest factor: net margin.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
ESCA−23%−32%+104%−26%−2%+61%
Industry peers (median)+17%−40%−8%−23%−15%+3%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
ESCA33%33%92%42%58%82%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
ESCA−40%−43%−27%−37%−29%−19%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since November 2, 2015: 66% from June 22, 2018 to April 3, 2020. Getting back needed a 195% gain, reached on June 26, 2020, 84 days after the low.

Price behaviour

52-week range
$11.14 – $22.42
From 52-week high
−6.6%
vs 50-day average
+8.5%
vs 200-day average
+16.8%
Volatility (1 year)
39%
Beta vs S&P 500
0.61

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
5 up, 7 down
typical move ±2.6%
After a week
5 up, 6 down
typical move ±5.0%
After a month
7 up, 4 down
typical move ±5.9%
Results releasedNext dayS&P 500 next day5 days21 days
October 29, 2026 +6.3% −2.1% — —
July 30, 2026 +1.1% +2.4% +13.2% +2.7%
April 30, 2026 +3.8% +1.3% +12.9% +3.5%
February 27, 2026 −1.5% −0.4% +0.5% +17.4%
October 30, 2025 +0.9% −0.8% +1.1% +11.0%
August 1, 2025 −2.3% −0.1% −4.0% +2.8%
May 5, 2025 −1.6% −1.4% +0.9% −3.9%
February 26, 2025 −5.5% −1.5% −5.9% +0.9%
October 24, 2024 −2.1% +0.2% −3.8% +12.5%
July 25, 2024 +2.2% +0.6% −3.1% −3.8%
April 25, 2024 −2.4% +0.6% −5.7% −3.3%
March 29, 2024 −1.7% −0.2% −3.9% −3.6%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Options strategies

All options ideas

How Escalade Inc’s listed options are priced, and three ways to use them that follow from our valuation. Quotes are delayed, read November 2, 2026. Check the live chain at your broker before trading.

Cash-secured put

Not offered: fundamentals grade B (needs B+ or better).

We suggest selling a put only on well-rated companies, at a strike where the price you would pay if assigned (strike less premium) is at or below our fair value.

Covered call

Not offered: no liquid call at or above our price target — the model says the upside is worth more than any listed strike.

For holders: sell a call at a strike at or above our fair value, so the shares are only sold at a price the model calls full value.

Collar

Not offered: the shares trade below our fair value: a collar caps upside the model expects.

For holders of a stock trading at or above our fair value: buy a put for a floor and sell a call to pay for it.

General research, not personal advice. Options can lose you more than you expect and are not suitable for everyone: put sellers can be made to buy shares that keep falling, call sellers give up gains above the strike, and results or news can move prices sharply. Chances shown are approximations from each option’s delta. Spreads, fees and early assignment are not modelled.

Escalade Inc in five measures

Fundamentals grade B
Growth Profitability Cash Balance sheet Value

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Escalade Inc
$240M $250M $260M $270M FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Revenue (TTM), FY23 Q4: $263.6M Revenue (TTM), FY24 Q1: $263.9M Revenue (TTM), FY24 Q2: $258.7M Revenue (TTM), FY24 Q3: $253.1M Revenue (TTM), FY24 Q4: $251.5M Revenue (TTM), FY25 Q1: $249.7M Revenue (TTM), FY25 Q2: $241.5M Revenue (TTM), FY25 Q3: $241.5M Revenue (TTM), FY25 Q4: $240.2M Revenue (TTM), FY26 Q1: $240.5M Revenue (TTM), FY26 Q2: $243.8M Revenue (TTM), FY26 Q3: $241.7M $241.7M

Source: SEC EDGAR filings. Retrieved October 30, 2026.

View chart data
Period Revenue (TTM)
FY23 Q4 $263.6M
FY24 Q1 $263.9M
FY24 Q2 $258.7M
FY24 Q3 $253.1M
FY24 Q4 $251.5M
FY25 Q1 $249.7M
FY25 Q2 $241.5M
FY25 Q3 $241.5M
FY25 Q4 $240.2M
FY26 Q1 $240.5M
FY26 Q2 $243.8M
FY26 Q3 $241.7M
Revenue growth, TTM YoY Escalade Inc
-20% -15% -10% -5% 0% 5% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Revenue growth, TTM YoY, FY23 Q4: -16.0% Revenue growth, TTM YoY, FY24 Q1: -11.5% Revenue growth, TTM YoY, FY24 Q2: -4.8% Revenue growth, TTM YoY, FY24 Q3: -6.3% Revenue growth, TTM YoY, FY24 Q4: -4.6% Revenue growth, TTM YoY, FY25 Q1: -5.4% Revenue growth, TTM YoY, FY25 Q2: -6.6% Revenue growth, TTM YoY, FY25 Q3: -4.6% Revenue growth, TTM YoY, FY25 Q4: -4.5% Revenue growth, TTM YoY, FY26 Q1: -3.7% Revenue growth, TTM YoY, FY26 Q2: 1.0% Revenue growth, TTM YoY, FY26 Q3: 0.0% 0.0%

Source: SEC EDGAR filings. Retrieved October 30, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q4 -16.0%
FY24 Q1 -11.5%
FY24 Q2 -4.8%
FY24 Q3 -6.3%
FY24 Q4 -4.6%
FY25 Q1 -5.4%
FY25 Q2 -6.6%
FY25 Q3 -4.6%
FY25 Q4 -4.5%
FY26 Q1 -3.7%
FY26 Q2 1.0%
FY26 Q3 0.0%
Operating margin (TTM) Escalade Inc
6% 8% 10% 12% 14% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Operating margin (TTM), FY23 Q4: 6.8% Operating margin (TTM), FY24 Q1: 7.9% Operating margin (TTM), FY24 Q2: 7.3% Operating margin (TTM), FY24 Q3: 8.1% Operating margin (TTM), FY24 Q4: 8.0% Operating margin (TTM), FY25 Q1: 8.2% Operating margin (TTM), FY25 Q2: 7.8% Operating margin (TTM), FY25 Q3: 7.5% Operating margin (TTM), FY25 Q4: 7.8% Operating margin (TTM), FY26 Q1: 8.7% Operating margin (TTM), FY26 Q2: 12.4% Operating margin (TTM), FY26 Q3: 13.1% 13.1%

Source: SEC EDGAR filings. Retrieved October 30, 2026.

View chart data
Period Operating margin (TTM)
FY23 Q4 6.8%
FY24 Q1 7.9%
FY24 Q2 7.3%
FY24 Q3 8.1%
FY24 Q4 8.0%
FY25 Q1 8.2%
FY25 Q2 7.8%
FY25 Q3 7.5%
FY25 Q4 7.8%
FY26 Q1 8.7%
FY26 Q2 12.4%
FY26 Q3 13.1%
FCF margin (TTM) Escalade Inc
10% 12% 14% 16% 18% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 FCF margin (TTM), FY23 Q4: 17.5% FCF margin (TTM), FY24 Q1: 15.9% FCF margin (TTM), FY24 Q2: 18.0% FCF margin (TTM), FY24 Q3: 16.7% FCF margin (TTM), FY24 Q4: 13.5% FCF margin (TTM), FY25 Q1: 15.1% FCF margin (TTM), FY25 Q2: 15.7% FCF margin (TTM), FY25 Q3: 11.0% FCF margin (TTM), FY25 Q4: 11.9% FCF margin (TTM), FY26 Q1: 12.7% FCF margin (TTM), FY26 Q2: 10.6% FCF margin (TTM), FY26 Q3: 17.0% 17.0%

Source: SEC EDGAR filings. Retrieved October 30, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q4 17.5%
FY24 Q1 15.9%
FY24 Q2 18.0%
FY24 Q3 16.7%
FY24 Q4 13.5%
FY25 Q1 15.1%
FY25 Q2 15.7%
FY25 Q3 11.0%
FY25 Q4 11.9%
FY26 Q1 12.7%
FY26 Q2 10.6%
FY26 Q3 17.0%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-K/A, 10-Q, 10-Q/A. Generated November 3, 2026. Definitions in our methodology.

Where the money goes

FY2025, from the 10-K

Each dollar Escalade took in during FY2025, followed through to profit: what it cost to make, what went on research and running the business, and what was left after tax.

  1. Revenue $240M
  2. Cost of revenue $176M · 73.1%
  3. Gross profit $64.6M · 26.9%
  4. Research and development $3.2M · 1.3%
  5. Selling, general and admin $43.6M · 18.2%
  6. Operating income $18.7M · 7.8%
  7. Income tax $4.3M · 1.8%
  8. Net income $13.7M · 5.7%

Shares of revenue. Source: Escalade's 10-K for FY2025, as filed with the SEC.

Financial statements

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

Fiscal year 2009 Dec 2009 2010 Dec 2010 2011 Dec 2011 2012 Dec 2012 2013 Dec 2013 2014 Dec 2014 2015 Dec 2015 2016 Dec 2016 2017 Dec 2017 2018 Dec 2018 2019 Dec 2019 2020 Dec 2020 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025 LTM Sept 2026
Income
Revenue 116 121 134 148 164 159 159 172 177 176 181 274 314 314 264 252 240 242
Gross profit — — — — — — — 44 45 45 42 75 77 74 62 62 65 69
EBITDA 8 13 13 15 20 20 18 20 19 18 13 37 37 32 23 26 24 37
Operating income 2 8 4 12 16 16 13 15 15 14 9 33 32 26 18 20 19 32
Net income 2 6 4 −5 10 12 12 11 14 20 7 26 24 18 10 13 14 24
Diluted EPS $0.13 $0.46 $0.33 −$0.37 $0.72 $0.84 $0.82 $0.80 $0.98 $1.41 $0.50 $1.82 $1.76 $1.31 $0.71 $0.93 $0.99 $1.75
Growth (year on year)
Revenue — +4.0% +11.3% +9.9% +10.9% −3.0% +0.4% +7.7% +3.3% −0.9% +2.7% +51.6% +14.6% +0.0% −16.0% −4.6% −4.5% +0.0%
EBITDA — +57.2% +3.4% +19.3% +29.7% −0.7% −9.3% +9.9% −6.6% −4.5% −24.7% +178.4% −0.9% −11.9% −27.5% +10.9% −8.7% +58.1%
Operating income — — −49.1% +188.8% +34.4% −4.2% −17.3% +13.8% +0.1% −5.4% −32.9% +256.1% −3.4% −17.5% −32.3% +12.3% −6.4% +74.7%
Net income — — −26.7% −211.0% — +20.5% −1.8% −1.0% +22.3% +45.4% −64.5% +257.3% −5.9% −26.3% −45.4% +32.1% +5.5% +91.0%
Diluted EPS — — −28.3% −212.1% — +16.7% −2.4% −2.4% +22.5% +43.9% −64.5% +264.0% −3.3% −25.6% −45.8% +31.0% +6.5% +92.2%
Margins
Gross margin — — — — — — — 25.8% 25.2% 25.6% 23.5% 27.3% 24.6% 23.5% 23.4% 24.7% 26.9% 28.5%
EBITDA margin 6.9% 10.4% 9.6% 10.5% 12.2% 12.5% 11.3% 11.6% 10.4% 10.1% 7.4% 13.5% 11.7% 10.3% 8.9% 10.4% 9.9% 15.2%
Operating margin 1.7% 6.8% 3.1% 8.2% 9.9% 9.8% 8.0% 8.5% 8.2% 7.9% 5.1% 12.1% 10.2% 8.4% 6.8% 8.0% 7.8% 13.1%
Net margin 1.4% 5.0% 3.3% −3.3% 6.0% 7.4% 7.3% 6.7% 7.9% 11.6% 4.0% 9.5% 7.8% 5.7% 3.7% 5.2% 5.7% 10.0%
Free-cash-flow margin 14.2% 5.9% 0.2% 2.7% 4.2% 10.5% 6.5% 5.5% 6.0% 2.1% 7.7% −1.0% −2.8% 2.0% 17.5% 13.5% 11.9% 17.0%
Cash flow
Cash from operations 18 9 3 6 9 19 15 12 13 7 16 3 1 9 48 36 31 45
Capital spending 2 2 2 2 2 3 5 3 3 3 2 5 10 2 2 2 3 3
Free cash flow 16 7 0 4 7 17 10 10 11 4 14 −3 −9 6 46 34 29 41
Stock-based pay 1 0 1 1 1 1 1 0 1 1 1 1 1 2 2 2 2 2
Free cash flow after stock pay 16 7 −0 3 6 16 10 9 10 3 13 −4 −10 4 44 32 27 40
Balance sheet
Cash 3 2 4 3 1 3 2 1 2 3 6 4 4 4 0 4 12 25
Total debt 0 10 27 31 32 25 43 27 24 — 0 30 58 95 51 26 18 13
Net debt (negative = net cash) −3 8 23 29 31 22 41 26 23 −3 −6 27 53 91 51 21 7 −11
Diluted shares — 13m 13m 13m 14m 14m 14m 14m 14m 14m 14m 14m 14m 14m 14m 14m 14m 14m
Returned to shareholders
Dividends — 1 3 5 5 5 6 6 7 7 7 7 8 8 6 8 8 8
Buybacks — 0 0 0 — — — 0 0 0 3 7 10 0 0 2 3 2
Total returned — 1 3 5 5 5 6 6 7 7 10 14 18 8 6 11 11 11

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

7 of 7 checks passed · September 30, 2026
What it owns · $246m
Short-term assets $155mLonger-term assets $91m
What it owes, and who funded it · $246m
Short-term liabilities $52mLonger-term liabilities $7mShareholders' equity $188m
  • Short-term assets cover short-term liabilities $155m of assets due within a year against $52m of liabilities due within a year.
  • Short-term assets cover long-term liabilities $155m short-term assets against $7m of longer-dated liabilities.
  • More cash than debt $25m of cash against $13m of debt.
  • Debt below 40% of shareholders' equity Debt is 7% of equity.
  • Debt burden no higher than five years ago Debt to equity moved from 61% to 7% over five years.
  • A year's operating cash flow covers at least 20% of debt $45m of operating cash flow against $13m of debt.
  • Operating profit covers interest at least five times over Operating income of $32m against $704,000 of interest.

From Escalade 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.

Dividends, buybacks and capital spending

FY2026 Q3 TTM
Buybacks (TTM)
$2.2M
Dividends (TTM)
$8.3M
Returned to shareholders
26%
of free cash flow
Buybacks, last 3 fiscal years
$5.3M
Diluted share count
−0.7%
year over year
Total shareholder yield
3.7%
dividends 2.9% + buybacks 0.8% of market value
Dividend payout ratio
34%
of net income paid out
Sales & admin spending
19.2%
of revenue
Days sales outstanding
72 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in leisure products
Last 12 months unless stated ESCA CLAR AOUT JAKK MCFT SWBI Median
Revenue, last 12 months $242m $253m $198m $170m $349m $551m $349m
Revenue growth, last 12 months 0.0% −0.5% −5.8% −70.4% 22.8% 17.0% 7.6%
Revenue growth, 3-year average −3.7% 5.5% 1.2% −38.1% −19.2% 2.7% −2.5%
Revenue growth, latest quarter −3.2% 1.6% 25.4% 20.4% 63.4% 32.3% 10.9%
Gross margin 28.5% 36.7% 46.0% 31.6% 22.9% 27.4% 40.1%
Operating margin 13.1% −17.2% −2.2% 13.6% −0.3% 6.6% 1.0%
Operating margin, 3-year average 9.5% −18.6% −3.3% 6.9% 4.1% 6.5% 0.9%
Net margin 10.0% −12.4% −2.0% 15.4% −0.5% 4.4% −0.5%
Cash from operations / revenue 18.5% 1.7% 10.6% 29.8% 8.7% 20.6% 8.7%
Free-cash-flow margin 17.0% −0.2% 9.7% 21.0% 6.4% 14.9% 6.1%
Free-cash-flow margin, 3-year average 14.9% −2.1% 5.1% 5.8% 5.4% 2.7% 5.3%
Stock pay / revenue 0.6% 1.7% 1.6% 7.0% 1.2% 1.5% 1.3%
Change in share count −0.7% 0.1% −1.8% 51.2% 3.9% −6.8% 0.5%

Median of all 29 companies we cover in leisure products. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

29 leisure products companies
Measure Company Peer median Rank
Revenue growth Growth 0.0% 7.6% 19 of 29
Change in growth rate Growth -0.9pp +3.1pp 24 of 29
Gross margin Profitability 28.5% 39.7% 18 of 27
Operating margin Profitability 13.1% 1.0% 5 of 29
Net margin Profitability 10.0% -0.5% 5 of 29
Free-cash-flow margin Cash generation 17.0% 6.1% 5 of 29
Stock pay as % of revenue Cash generation 0.6% 1.3% 5 of 27
Long-term debt as % of assets Balance sheet 0.0% 16.0% 1 of 20
Change in share count Balance sheet -0.7% 0.8% 10 of 24
Days sales outstanding Balance sheet 72 days 42 days 23 of 27

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to December 31, 2025
Geography
Region Revenue Share YoY
United States $229M 95.2% ▼ 4.5%
Canada $5.7M 2.4% ▲ 1.6%
Other $4.4M 1.8% ▼ 8.9%
Australia $1.5M 0.6% ▼ 9.3%

From Escalade Inc's 10-K filed February 27, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$79.3M
Institutions reporting
83
Shares held vs prior quarter
▲ 0.4%
Positions opened / closed
8 / 8

Top buyers and sellers, Q2 2026: 31 institutions bought and 40 sold ; the biggest buyer was American Century Companies Inc (+43K shares) and the biggest seller Vanguard Capital Management LLC (−39K). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Minerva Advisors LLC $10.7M 567K 13.4% ▼ 0.1%
Blackrock, Inc. $9.9M 525K 12.4% ▼ 2.8%
Dimensional Fund Advisors LP $8.7M 461K 10.9% ▲ 1.2%
North Star Investment Management Corp. $7.9M 420K 10.0% ▼ 0.5%
Vanguard Capital Management LLC $6.7M 359K 8.5% ▼ 9.9%
Rehmann Capital Advisory Group $5.8M 309K 7.3% 0.0%
Geode Capital Management, LLC $4.1M 216K 5.1% ▼ 3.6%
State Street Corp $2.5M 133K 3.1% ▼ 2.4%
Bank Of New York Mellon Corp $1.7M 92K 2.2% ▼ 0.6%
Mork Capital Management, LLC $1.5M 80K 1.9% 0.0%
Northern Trust Corp $1.5M 78K 1.8% ▼ 7.1%
Peoples Bank $1.2M 65K 1.5% 0.0%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Escalade Inc's complete shareholder register. Values are as reported by the filers .

Insider trading activity

Full insider history and chart
Insider purchases History → $0 0 trades by 0 insiders, last 12 months Insider sales History → $2M 12 trades by 4 insiders · 0% under pre-set plans
Net ▼ $2M net selling
Insider Date Trade Shares Price Value
Williams Edward E Director August 13, 2026 Sell 2,373 $20.99 $49,805
Williams Edward E Director August 12, 2026 Sell 362 $20.96 $7,589
Williams Edward E Director August 11, 2026 Sell 30,315 $20.98 $635,860
Baalmann Richard Fenton Jr Director August 6, 2026 Sell 5,000 $22.27 $111,359
Wawrin Stephen CHIEF FINANCIAL OFFICER August 4, 2026 Sell 3,177 $21.40 $67,999
Glazer Walter P. Jr. Director August 4, 2026 Sell 16,374 $21.08 $345,108
Glazer Walter P. Jr. Director May 8, 2026 Sell 1,048 $19.80 $20,755
Glazer Walter P. Jr. Director May 7, 2026 Sell 32,578 $19.83 $646,136
Baalmann Richard Fenton Jr Director December 11, 2025 Sell 5,490 $13.00 $71,370
Baalmann Richard Fenton Jr Director December 10, 2025 Sell 4,224 $13.00 $54,912
Baalmann Richard Fenton Jr Director December 1, 2025 Sell 286 $13.35 $3,818
Wawrin Stephen CHIEF FINANCIAL OFFICER November 21, 2025 Sell 2,000 $13.00 $26,000

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Earnings dates and SEC filings

Results announcements

Next expected around January 27, 2027 estimated from the company's past filing pattern, not announced

  • October 29, 2026
  • July 30, 2026
  • April 30, 2026
  • February 27, 2026
  • October 30, 2025
  • August 1, 2025

Recent SEC filings

Data status

When each part of this page on Escalade Inc was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Escalade Inc in brief

What does Escalade Inc do?
Escalade Inc is a US-listed company in the leisure products industry. Its financial year ends in December.
What is Escalade Inc's stock ticker?
Escalade Inc trades under the ticker ESCA on Nasdaq. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Escalade Inc's revenue, and how fast is it growing?
Over its most recent trailing twelve months, Escalade Inc reported revenue of $242M, 0.0% higher than a year earlier, according to its SEC filings.
What is Escalade Inc's free cash flow?
Escalade Inc's free-cash-flow margin is 17.0% of revenue over the trailing twelve months, ranking 5 of the 29 leisure products companies we cover.
What is Escalade Inc's fair value (intrinsic value) per share?
Our discounted-cash-flow model of Escalade Inc's free cash flow after stock-based pay gives ~$44 per share in the base case, and ~$33–$59 across growth scenarios. These are model values under stated assumptions — not a price target or a recommendation.
Who are Escalade Inc's largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Minerva Advisors LLC, Blackrock, Inc. and Dimensional Fund Advisors LP. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
Is Escalade Inc buying back stock, and does it pay a dividend?
Escalade Inc spent $2.2M on share repurchases over the trailing twelve months, and its diluted share count fell 0.7% over the year.
What is Escalade Inc's market cap?
On November 2, 2026, Escalade Inc's market capitalisation was about $290M, with a price-to-earnings ratio of 12.0 and net debt of -$11.4M. Market figures come from third-party market data and may be delayed.
Does Escalade Inc pay a dividend?
Yes: Escalade Inc paid $8.3M in dividends over the trailing twelve months, a dividend yield of 2.89% and a payout ratio of 34.3%.
How much debt does Escalade Inc have?
Escalade Inc's debt-to-equity ratio is 7.0%, from its latest balance sheet (61.2% five years earlier). The financial health section below sets out its other solvency checks.
Who are Escalade Inc's competitors?
In our Leisure Products peer group, the companies closest to Escalade Inc are Clarus Corp, American Outdoor Brands, Inc., Jakks Pacific Inc, Mastercraft Boat Holdings, Inc. and Smith & Wesson Brands, Inc. The side-by-side comparison below sets their revenue, margins and growth against Escalade Inc's.
Are insiders buying or selling Escalade Inc stock?
Over the last 12 months, Escalade Inc's directors and officers reported 0 open-market purchases and 12 sales on Form 4. The insider trading page charts every trade.
When is Escalade Inc's next earnings date?
Around January 27, 2027, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Escalade Inc announces its own schedule.