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R F INDUSTRIES LTD

RFIL Clue Score56
United States Fiscal year ends October CIK 0000740664
$8.31 -0.84% Close, 9 Oct 2026
Alert on the numbers Alert on insider trades
Price $8.31 +8.00% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2016Revenue30.2Operating income−4.7Net income−4.1EPS, diluted−0.47Fiscal year 2017Revenue23.0 −24.0%Operating income0.2Net income0.4EPS, diluted0.04Fiscal year 2018Revenue50.2 +118.4%Operating income7.4Net income5.8 +1,430.4%EPS, diluted0.61 +1,425.0%Fiscal year 2019Revenue55.3 +10.2%Operating income4.5Net income3.5 −39.8%EPS, diluted0.36 −41.0%Fiscal year 2020Revenue43.0 −22.2%Operating income−0.4Net income−0.1 −102.3%EPS, diluted−0.01 −102.8%Fiscal year 2021Revenue57.4 +33.4%Operating income4.4Net income6.2EPS, diluted0.61Fiscal year 2022Revenue72.2 +25.7%Operating income−3.8Net income−3.1 −149.8%EPS, diluted−0.30 −149.2%Fiscal year 2023Revenue72.2 +0.0%Operating income−3.8Net income−3.1EPS, diluted−0.30Fiscal year 2024Revenue64.9 −10.1%Operating income−2.8Net income−6.6EPS, diluted−0.63Fiscal year 2025Revenue80.6 +24.3%Operating income1.8Net income0.1EPS, diluted0.01
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 30.2 23.0 50.2 55.3 43.0 57.4 72.2 72.2 64.9 80.6
Growth −24.0% +118.4% +10.2% −22.2% +33.4% +25.7% +0.0% −10.1% +24.3%
Operating income −4.7 0.2 7.4 4.5 −0.4 4.4 −3.8 −3.8 −2.8 1.8
Net income −4.1 0.4 5.8 3.5 −0.1 6.2 −3.1 −3.1 −6.6 0.1
Growth +1,430.4% −39.8% −102.3% −149.8%
EPS, diluted −0.47 0.04 0.61 0.36 −0.01 0.61 −0.30 −0.30 −0.63 0.01
Growth +1,425.0% −41.0% −102.8% −149.2%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2016Gross margin28.0%Operating margin−15.5%Net margin−13.5%Free cash flow margin−5.5%Fiscal year 2017Gross margin30.4%Operating margin0.9%Net margin1.7%Free cash flow margin6.2%Fiscal year 2018Gross margin34.1%Operating margin14.8%Net margin11.6%Free cash flow margin10.0%Fiscal year 2019Gross margin28.3%Operating margin8.1%Net margin6.4%Free cash flow margin−5.9%Fiscal year 2020Gross margin26.9%Operating margin−0.9%Net margin−0.2%Free cash flow margin10.0%Fiscal year 2021Gross margin30.9%Operating margin7.7%Net margin10.8%Free cash flow margin−5.8%Fiscal year 2022Gross margin27.1%Operating margin−5.3%Net margin−4.3%Free cash flow margin0.3%Fiscal year 2023Gross margin27.1%Operating margin−5.3%Net margin−4.3%Free cash flow margin2.4%Fiscal year 2024Gross margin29.1%Operating margin−4.4%Net margin−10.2%Free cash flow margin3.7%Fiscal year 2025Gross margin33.2%Operating margin2.2%Net margin0.1%Free cash flow margin5.4%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Gross margin 28.0% 30.4% 34.1% 28.3% 26.9% 30.9% 27.1% 27.1% 29.1% 33.2%
Operating margin −15.5% 0.9% 14.8% 8.1% −0.9% 7.7% −5.3% −5.3% −4.4% 2.2%
Net margin −13.5% 1.7% 11.6% 6.4% −0.2% 10.8% −4.3% −4.3% −10.2% 0.1%
Free cash flow margin −5.5% 6.2% 10.0% −5.9% 10.0% −5.8% 0.3% 2.4% 3.7% 5.4%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow−1.3Capital expenditure−0.4Free cash flow−1.7Buybacks−0.2Dividends paid−1.1Fiscal year 2017Operating cash flow1.6Capital expenditure−0.2Free cash flow1.4Buybacks0.0Dividends paid−0.7Fiscal year 2018Operating cash flow5.3Capital expenditure−0.3Free cash flow5.0 +250.9%Dividends paid−0.7Fiscal year 2019Operating cash flow−2.7Capital expenditure−0.5Free cash flow−3.2 −164.9%Dividends paid−0.7Fiscal year 2020Operating cash flow4.5Capital expenditure−0.2Free cash flow4.3Dividends paid−0.4Fiscal year 2021Operating cash flow−3.1Capital expenditure−0.2Free cash flow−3.3 −177.7%Dividends paid0.0Fiscal year 2022Operating cash flow2.9Capital expenditure−2.7Free cash flow0.2Dividends paid0.0Fiscal year 2023Operating cash flow4.2Capital expenditure−2.5Free cash flow1.7 +684.3%Dividends paid0.0Fiscal year 2024Operating cash flow3.2Capital expenditure−0.7Free cash flow2.4 +42.6%Dividends paid0.0Fiscal year 2025Operating cash flow4.6Capital expenditure−0.2Free cash flow4.3 +79.0%Dividends paid0.0
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow −1.3 1.6 5.3 −2.7 4.5 −3.1 2.9 4.2 3.2 4.6
Capital expenditure −0.4 −0.2 −0.3 −0.5 −0.2 −0.2 −2.7 −2.5 −0.7 −0.2
Free cash flow −1.7 1.4 5.0 −3.2 4.3 −3.3 0.2 1.7 2.4 4.3
Growth +250.9% −164.9% −177.7% +684.3% +42.6% +79.0%
Buybacks −0.2 0.0 n/a n/a n/a n/a n/a n/a n/a n/a
Dividends paid −1.1 −0.7 −0.7 −0.7 −0.4 0.0 0.0 0.0 0.0 0.0

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2016Cash5.3Shareholders’ equity21.4Fiscal year 2017Cash5.2Shareholders’ equity21.3Fiscal year 2018Cash16.3Shareholders’ equity27.8Fiscal year 2019Cash12.5Shareholders’ equity31.5Fiscal year 2020Cash15.8Total debt2.8Net cash (debt)13.0Shareholders’ equity32.1Debt to equity0.09Fiscal year 2021Cash13.1Total debt0.0Net cash (debt)13.1Shareholders’ equity39.6Debt to equity0.00Fiscal year 2022Cash4.5Total debt15.6Net cash (debt)−11.0Shareholders’ equity41.9Debt to equity0.37Fiscal year 2023Cash4.9Total debt13.1Net cash (debt)−8.2Shareholders’ equity39.8Debt to equity0.33Fiscal year 2024Cash0.8Total debt0.0Net cash (debt)0.8Shareholders’ equity34.1Debt to equity0.00Fiscal year 2025Cash5.1Shareholders’ equity35.2
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 5.3 5.2 16.3 12.5 15.8 13.1 4.5 4.9 0.8 5.1
Total debt n/a n/a n/a n/a 2.8 0.0 15.6 13.1 0.0 n/a
Net cash (debt) n/a n/a n/a n/a 13.0 13.1 −11.0 −8.2 0.8 n/a
Shareholders’ equity 21.4 21.3 27.8 31.5 32.1 39.6 41.9 39.8 34.1 35.2
Debt to equity n/a n/a n/a n/a 0.09 0.00 0.37 0.33 0.00 n/a

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Income statement

In millions of USD, except per-share figures; shares in millions. Fiscal years ending October, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Oct 2016 FY2017 31 Oct 2017 FY2018 31 Oct 2018 FY2019 31 Oct 2019 FY2020 31 Oct 2020 FY2021 31 Oct 2021 FY2022 31 Oct 2022 FY2023 31 Oct 2023 FY2024 31 Oct 2024 FY2025 31 Oct 2025
Revenue and profit
30.2 23.0 50.2 55.3 43.0 57.4 72.2 72.2 64.9 80.6
Growth −24.0% +118.4% +10.2% −22.2% +33.4% +25.7% +0.0% −10.1% +24.3%
n/a 16.0 33.1 39.7 31.5 39.7 52.6 52.6 46.0 53.9
8.5 7.0 17.1 15.6 11.6 17.8 19.5 19.5 18.9 26.7
Growth −17.4% +144.7% −8.6% −26.0% +53.6% +10.0% +0.0% −3.4% +41.7%
0.7 0.8 1.5 1.5 2.0 1.5 3.2 3.2 2.8 3.0
9.6 6.0 8.2 9.7 10.0 11.9 20.2 20.2 18.9 22.0
−4.7 0.2 7.4 4.5 −0.4 4.4 −3.8 −3.8 −2.8 1.8
Growth +3,568.5% −40.1% −109.0% −186.0%
−4.7 0.2 7.5 4.6 −0.4 7.2 −4.3 −4.3 −3.8 0.8
−0.7 0.1 1.5 1.0 −0.4 1.0 −1.2 −1.2 2.8 0.7
−4.1 0.4 5.8 3.5 −0.1 6.2 −3.1 −3.1 −6.6 0.1
Growth +1,430.4% −39.8% −102.3% −149.8%
Per share
−0.47 0.04 0.64 0.38 −0.01 0.62 −0.30 −0.30 −0.63 0.01
−0.47 0.04 0.61 0.36 −0.01 0.61 −0.30 −0.30 −0.63 0.01
Growth +1,425.0% −41.0% −102.8% −149.2%
8.8 8.8 9.1 9.4 9.7 10.0 10.3 10.3 10.5 10.6
8.8 8.9 9.6 9.9 9.7 10.2 10.3 10.3 10.5 10.8
Growth +1.5% +7.6% +2.7% −1.8% +4.9% +1.3% +0.0% +1.9% +2.8%

Five years in brief

Worked out from the figures above, not from a press release
  • Revenue grew 13.4% a year over five years.
  • The diluted share count rose 11.3% in five years, which is dilution.
  • Operating margin is up 3.2 points on five years ago, at 2.2%.
  • A net loss in 5 of 10 years on file.