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Saturday 7 November 2026
Export DLHC’s income statement to Excel — free account
DLH Holdings Corp.
DLHC Industrials Specialty Business Services
DLH Holdings Corp.’s revenue for fiscal 2025 (year ended September 2025) was $344.5 million, down 13.0% from fiscal 2024.
- Revenue
- −46.9%
- EPS
- −5,900.0%
- Free cash flow
- −55.1%
- Total debt
- −8.70%
Quarter to June 2026, against a year earlier
3.61
0.02
−0.55%
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| Sep '25 | Sep '24 | Sep '23 | Sep '22 | Sep '21 | Sep '20 | Sep '19 | Sep '18 | Sep '17 | Sep '16 | |
|---|---|---|---|---|---|---|---|---|---|---|
Piotroski F-Score |
5 | 6 | 4 | 6 | 6 | 4 | 5 | 6 | 6 | — |
P/E ratio |
56.50 | 18.00 | 98.92 | 6.74 | 15.19 | 12.50 | 9.91 | 36.56 | 22.52 | 13.79 |
P/S ratio |
0.24 | 0.34 | 0.43 | 0.40 | 0.63 | 0.43 | 0.33 | 0.52 | 0.64 | 0.55 |
Altman Z-Score |
1.70 | 1.95 | 1.68 | 4.26 | 2.05 | 1.48 | 1.43 | 3.39 | 2.27 | 1.21 |
Altman Z″-Score (non-manufacturers) |
1.18 | 1.19 | 0.77 | 2.79 | 0.59 | (0.03) | (0.04) | 0.55 | (0.82) | (1.48) |
P/FCF ratio |
3.54 | 5.00 | 5.35 | 490.42 | 3.39 | 4.61 | 3.05 | 5.18 | 13.57 | 8.43 |
P/Operating CF |
7.61 | 10.67 | 10.14 | 26.23 | 5.10 | 10.18 | 7.78 | 11.42 | 47.70 | 17.57 |
Beneish M-Score |
(3.00) | (2.82) | (2.81) | (1.28) | (3.29) | (2.42) | (2.17) | (3.35) | (2.16) | (2.46) |
P/B ratio |
0.72 | 1.20 | 1.59 | 1.71 | 2.35 | 1.67 | 1.18 | 1.76 | 2.07 | 1.47 |
Price to Tangible BV |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1,086.00 | 0.00 | 0.00 |
EV/Sales |
0.61 | 0.71 | 0.89 | 0.46 | 0.72 | 0.74 | 0.66 | 0.56 | 0.85 | 0.81 |
EV/EBITDA |
5.86 | 6.43 | 9.61 | 4.32 | 6.78 | 7.31 | 7.13 | 6.55 | 11.35 | 12.34 |
EV/Operating CF |
9.01 | 10.29 | 10.79 | 144.69 | 3.88 | 7.97 | 5.89 | 5.25 | 15.00 | 11.43 |
EV/FCF |
9.11 | 10.62 | 11.01 | 560.27 | 3.89 | 8.03 | 6.05 | 5.51 | 17.92 | 12.46 |
Quick Ratio |
0.90 | 0.94 | 0.92 | 1.06 | 0.87 | 0.71 | 0.85 | 1.04 | 0.79 | 0.69 |
Current Ratio |
1.00 | 0.99 | 0.96 | 1.13 | 0.93 | 0.78 | 0.91 | 1.09 | 0.81 | 0.73 |
Net Debt/EBITDA |
3.58 | 3.40 | 4.94 | 0.54 | 0.87 | 3.11 | 3.48 | 0.07 | 1.94 | 3.36 |
Debt/Assets |
44.05% | 47.51% | 50.71% | 13.40% | 23.79% | 36.65% | 41.49% | 11.50% | 31.04% | 34.14% |
Debt/Equity |
1.13 | 1.36 | 1.68 | 0.25 | 0.71 | 1.26 | 1.18 | 0.18 | 0.60 | 0.70 |
Asset Turnover |
1.14 | 1.21 | 1.48 | 2.16 | 1.29 | 1.34 | 1.67 | 2.01 | 1.72 | 1.83 |
Operating CF/Net income |
17.05 | 3.70 | 21.24 | 0.05 | 4.50 | 2.73 | 3.39 | 7.67 | 1.98 | 1.78 |
Capex/Depreciation |
(0.01) | (0.04) | (0.04) | (0.10) | (0.01) | (0.02) | (0.08) | (0.26) | (0.53) | (0.32) |
Interest Coverage |
1.12 | 1.45 | 1.05 | 15.02 | 4.55 | 3.91 | 4.03 | 7.87 | 5.40 | 4.94 |
| 1.22% | 6.96% | 1.50% | 29.54% | 17.04% | 14.37% | 12.53% | 4.88% | 9.72% | 12.39% | |
| 0.45% | 2.26% | 0.57% | 12.72% | 5.33% | 4.55% | 5.55% | 2.78% | 4.88% | 7.22% | |
ROIC |
4.36% | 6.00% | 3.89% | 18.17% | 12.17% | 7.05% | 6.40% | 13.64% | 7.88% | 5.02% |
Return on Tangible Assets |
119.47% | 478.77% | (183.54%) | 344.24% | (375.60%) | (98.46%) | 196.82% | 60.63% | (125.88%) | (103.61%) |
Average Days of Receivables |
40.68 | 45.95 | 57.41 | 37.40 | 49.61 | 56.78 | 52.86 | 28.16 | 37.59 | 28.30 |
Research and Development Expense of Revenue |
0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Selling, General and Administrative Expense of Revenue |
9.06% | 8.98% | 10.06% | 7.78% | 10.18% | 11.57% | 12.80% | 12.64% | 15.10% | 14.62% |
Intangible Assets out of Total Assets |
0.79 | 0.78 | 0.77 | 0.63 | 0.57 | 0.65 | 0.73 | 0.63 | 0.59 | 0.65 |
Share Based Compensation of Revenue |
0.42% | 0.48% | 0.51% | 0.66% | 0.67% | 0.44% | 0.49% | 1.03% | 0.57% | 0.54% |
Graham Net Nets |
(1.66) | (1.14) | (1.08) | (0.21) | (0.45) | (1.04) | (1.06) | (0.08) | (0.22) | (0.49) |
Graham Number |
4.20 | 9.54 | 4.49 | 17.14 | 9.76 | 7.54 | 6.20 | 3.46 | 4.54 | 4.94 |
Earnings Yield |
1.77% | 5.56% | 1.01% | 14.83% | 6.59% | 8.00% | 10.09% | 2.74% | 4.44% | 7.25% |
Free Cash Flow Yield |
28.26% | 20.00% | 18.69% | 0.20% | 29.52% | 21.67% | 32.74% | 19.31% | 7.37% | 11.86% |
Revenue per Share |
23.95 | 27.94 | 27.43 | 30.80 | 19.61 | 17.03 | 13.35 | 11.21 | 10.20 | 8.59 |
Operating CF per Share |
1.61 | 1.93 | 2.26 | 0.10 | 3.64 | 1.58 | 1.50 | 1.18 | 0.58 | 0.61 |
Capex per Share |
(0.02) | (0.06) | (0.05) | (0.07) | (0.01) | (0.01) | (0.03) | (0.05) | (0.09) | (0.05) |
Free Cash Flow per Share |
1.60 | 1.87 | 2.22 | 0.03 | 3.63 | 1.57 | 1.47 | 1.13 | 0.48 | 0.56 |
Cash per Share |
0.01 | 0.02 | 0.02 | 0.02 | 1.92 | 0.11 | 0.15 | 0.53 | 0.43 | 0.34 |
Shareholders Equity per Share |
7.85 | 7.77 | 7.48 | 7.18 | 5.23 | 4.35 | 3.79 | 3.32 | 3.16 | 3.19 |
Interest Debt per Share |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Book value per Share |
7.85 | 7.77 | 7.48 | 7.18 | 5.23 | 4.35 | 3.79 | 3.32 | 3.16 | 3.19 |
Free Cash Flow |
22.98 | 26.53 | 30.41 | 0.37 | 45.56 | 19.30 | 17.63 | 13.42 | 5.46 | 5.54 |
Working Capital |
(0.13) | (0.28) | (2.39) | 5.06 | (4.61) | (10.56) | (2.64) | 1.46 | (4.00) | (3.91) |
Capital Expenditures |
(0.24) | (0.84) | (0.62) | (0.87) | (0.10) | (0.15) | (0.40) | (0.65) | (1.06) | (0.50) |
Net Current Asset Value |
(135.17) | (151.29) | (175.00) | (33.35) | (69.80) | (92.73) | (56.84) | (5.73) | (16.43) | (22.69) |
EV/EBIT |
12.46 | 11.31 | 19.59 | 5.40 | 10.29 | 11.51 | 10.66 | 8.42 | 14.76 | 16.99 |
Capex to Sales |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 | 0.01 |
Price to Operating Income |
4.84 | 5.33 | 9.52 | 4.73 | 8.96 | 6.62 | 5.38 | 7.91 | 11.17 | 11.50 |
| Other line items | ||||||||||
Depreciation/Fixed assets |
14.85 | 10.32 | 11.16 | 4.89 | 4.66 | 2.31 | 0.92 | 1.61 | 1.43 | 2.38 |
Cash ROIC |
9.53% | 10.21% | 11.06% | 0.32% | 33.37% | 15.81% | 17.46% | 25.34% | 8.75% | 9.65% |
Accounts Receivable Turnover |
7.81 | 7.27 | 7.55 | 10.69 | 7.46 | 7.50 | 9.57 | 12.01 | 12.47 | 17.25 |
Accounts Payable Turnover |
12.54 | 11.58 | 10.47 | 10.84 | 6.35 | 6.65 | 7.89 | 9.65 | 9.96 | 13.57 |
Inventory Turnover |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Average Days of Payables |
25.15 | 28.99 | 36.63 | 30.37 | 61.36 | 63.76 | 60.47 | 37.93 | 44.28 | 38.43 |
Days of Inventory on Hand |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Average Receivables |
44.12 | 54.48 | 49.81 | 36.97 | 32.99 | 27.88 | 16.75 | 11.10 | 9.27 | 4.96 |
Average Payables |
22.27 | 27.50 | 28.28 | 29.79 | 30.65 | 24.61 | 15.79 | 10.92 | 9.02 | 4.99 |
Average Assets |
302.52 | 327.11 | 254.43 | 183.09 | 190.37 | 156.41 | 95.90 | 66.13 | 67.40 | 46.85 |
Average Common Equity |
111.55 | 106.29 | 97.25 | 78.83 | 59.52 | 49.50 | 42.49 | 37.64 | 33.82 | 27.32 |
Columns are period end dates