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Saturday 17 October 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. In the quarter to June 2026, revenue fell 46.9%, EPS fell 5,900.0%, free cash flow fell 55.1% and total debt fell 8.70%, each against the same quarter a year earlier. Insiders bought in the last twelve months.

3.95 0.05 −1.25%
Market cap
$58.0M
P/E
0.0×
Fwd P/E
−9.5×
Dividend yield
—
F-score
5/9
Altman Z
1.70
Beneish M
−3.00
Dividend safety
n/a
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total buys 1.69
Total sells 0.74
Totals in millions of $.
Dec 25 Mar 26 Jun 26 Sep 26
Buy — 2 1 3 — 1 4 8 8 10 8 —
Sell — — — — — — — — — — — 1
Insider Ownership 17.55%

Capital & Financial Ratios $m

Market Cap 57.98
Revenue 253.54
Net Income (21.56)
Free Cash Flow 13.83
Net Debt 126.08
Current Ratio 0.67 (below 1: weak)
Debt/Equity 1.35
P/E ratio 0.00
Fwd P/E (9.46) (negative: loss-making)
P/S ratio 0.23
P/B ratio 0.61
Past 5Y EPS Growth (30.12%) (below 0%: weak)
This Y EPS Growth (944.44%) (below 0%: weak)
Next Y EPS Growth 9.21%
Next Y revenue growth (39.22%) (below 0%: weak)
Next 5Y EPS Growth 15.50% (at or above 15%: strong)

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 0.7×, against a ten-year median of 0.7×; over the ten years it ranged from 0.4× in 2016 to 1.2× in 2023.
P/S against its own 10 years 5.60%
10-year low 10-year high
P/B against its own 10 years 2.21%
10-year low 10-year high
EV/Sales against its own 10 years 46.74%
10-year low 10-year high
EV/FCF against its own 10 years 68.19%
10-year low 10-year high

Dividends

Payout Ratio —
Annual Dividend Rate —
Annual Dividend Yield —
total individual payouts
2022 Powerpack
2021 Powerpack
2020 Powerpack
2019 Powerpack
2017 Powerpack
special payouts not included in total or ratios

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 0 0 0 0
Receivables 59 50 38 24
Inventory — — — —
Other 3 3 4 4
62 53 43 29
2023 2024 2025 Q'26
Payables 30 25 19 10
ST’ Debt 17 12 8 21
Other 1 0 0 0
65 53 43 43

Compound Annual Growth %

10y 5y 3y
Sales 18.09% 10.49% (4.47%)
Cash Flow 27.89% 3.60% 165.32%
Earnings (16.95%) (28.15%) (61.18%)
Book Value 17.32% 16.15% 7.06%

Revenue $m

Dec Mar Jun Sep Year
’26 69 59 44 — —
’25 91 89 83 81 344
’24 98 101 101 96 396
’23 73 99 102 101 376
’22 153 109 66 67 395
’21 58 62 62 65 246
’20 52 55 51 51 209
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Dec Mar Jun Sep Year
’26 (5) 4 4 — —
’25 (12) 15 10 11 23
’24 5 5 5 12 27
’23 8 (1) 8 16 31
’22 (16) 1 10 6 1
’21 (9) 15 9 30 46
’20 (3) 4 10 9 19
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Dec Mar Jun Sep Year
’26 (5) 4 4 — —
’25 (12) 15 9 11 23
’24 5 5 4 12 27
’23 8 (1) 8 16 30
’22 (16) 1 10 5 0
’21 (9) 15 9 30 46
’20 (3) 4 10 9 19
Fiscal quarters ending in the months shown.

EPS $

Dec Mar Jun Sep Year
’26 (0.09) (0.17) (1.16) — —
’25 0.08 0.06 0.02 (0.06) 0.09
’24 0.15 0.12 0.08 0.16 0.51
’23 0.11 0.06 0.12 (0.18) 0.10
’22 0.55 0.50 0.34 0.24 1.64
’21 0.13 0.19 0.21 0.21 0.75
’20 0.12 0.16 0.16 0.10 0.54
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to September

Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Trend 2026e 2027e 2028e
Price, $
Price, $ Low 2.50 4.10 4.16 3.66 3.00 9.21 11.70 9.01 7.34 2.72

Analyst estimates 2026–2028

Powerpack
High 7.38 6.83 6.30 6.78 11.49 21.49 21.23 17.00 17.58 8.45
People
People Employees 1,400 1,400 1,500 1,900 2,200 2,300 2,400 3,200 2,800 2,300
Revenue/emp, $m 0.06 0.08 0.09 0.08 0.10 0.11 0.16 0.12 0.14 0.15
Income, $m
Income, $m Revenue 86 116 133 160 209 246 395 376 396 344
Gross margin, % 20.82 22.35 20.91 22.35 21.79 20.92 18.29 21.25 19.57 18.92
EBT 2 5 8 7 10 13 31 1 8 2
EBT margin, % 2.86 4.67 5.75 4.67 4.79 5.46 7.86 0.22 1.96 0.51
Net income 3 3 2 5 7 10 23 1 7 1
Depreciation 2 2 3 5 8 9 8 18 19 19
Per share, $
Per share, $ Revenue 8.59 10.20 11.21 13.35 17.03 19.61 30.80 27.43 27.94 23.95
Earnings 0.34 0.29 0.15 0.44 0.58 0.81 1.82 0.11 0.52 0.09
Cash flow 0.61 0.58 1.18 1.50 1.58 3.64 0.10 2.26 1.93 1.61
Capex (0.05) (0.09) (0.05) (0.03) (0.01) (0.01) (0.07) (0.05) (0.06) (0.02)
Free cash flow 0.56 0.48 1.13 1.47 1.57 3.63 0.03 2.22 1.87 1.60
Book value 3.19 3.16 3.32 3.79 4.35 5.23 7.18 7.48 7.77 7.85
Shares, m 10 11 12 12 12 13 13 14 14 14
Valuation, ×
Valuation, × P/E 13.79 22.52 36.56 9.91 12.50 15.19 6.74 98.92 18.00 56.50
P/S 0.55 0.64 0.52 0.33 0.43 0.63 0.40 0.43 0.34 0.24
P/B 1.47 2.07 1.76 1.18 1.67 2.35 1.71 1.59 1.20 0.72
EV/Sales 0.81 0.85 0.56 0.66 0.74 0.72 0.46 0.89 0.71 0.61
EV/FCF 12.46 17.92 5.51 6.05 8.03 3.89 560.27 11.01 10.62 9.11
Cash, $m
Cash, $m Operating cash flow 6 7 14 18 19 46 1 31 27 23
Capex 0 (1) (1) 0 0 0 (1) (1) (1) 0
Free cash flow 6 5 13 18 19 46 0 30 27 23
Balance, $m
Balance, $m Working capital (4) (4) 1 (3) (11) (5) 5 (2) 0 0
Total debt 22 22 7 54 67 47 23 172 149 128
Net debt 19 17 1 52 66 23 22 172 149 128
Shareholders’ equity 32 36 39 46 53 66 92 102 110 113
Returns, %
Returns, % ROA 7.22 4.88 2.78 5.55 4.55 5.33 12.72 0.57 2.26 0.45
ROIC 5.02 7.88 13.64 6.40 7.05 12.17 18.17 3.89 6.00 4.36
ROE 12.39 9.72 4.88 12.53 14.37 17.04 29.54 1.50 6.96 1.22
Negative figures in brackets.

All 10 years →

Fiscal years to Sep 2025 · latest quarter Jun 2026

Charts ten years each

DLH Holdings Corp. vs peers in Specialty Business Services (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
TISI Team, Inc. $112.0M — (loss-making) 0.3× −7.80% (below 0%: shrinking) n/m +47.47% (above 0%: growing) 23.79% 0.95% Compare
WFCF Where Food Comes From Inc. $70.0M 49.6× 29.4× +0.75% (above 0%: growing) −27.27% (below 0%: shrinking) −18.92% (below 0%: shrinking) 40.58% 10.06% Compare
DLHC DLH Holdings Corp. $58.0M — (loss-making) — (loss-making) −46.94% (below 0%: shrinking) n/m −55.09% (below 0%: shrinking) 16.75% (8.89%)
YSXT YSX Tech Co., Ltd $45.0M — — — — −299.01% (below 0%: shrinking) — — Compare
NTIP Network-1 Technologies, Inc. $35.4M — (loss-making) — (loss-making) −72.07% (below 0%: shrinking) n/m −22.09% (below 0%: shrinking) 72.00% 0.00% Compare
ANPA Rich Sparkle Holdings Limited $29.1M — — — — — — — Compare
SST System1, Inc. $23.4M — (loss-making) 23.1× −61.34% (below 0%: shrinking) n/m −127.61% (below 0%: shrinking) 80.38% (27.45%) Compare
PMEC Primech Holdings Ltd. $19.6M — (loss-making) — +43.05% (above 0%: growing) −200.00% (below 0%: shrinking) +7.30% (above 0%: growing) 5.80% 0.00% Compare
PC Premium Catering (Holdings) Limited $19.5M — — — — −1,294.44% (below 0%: shrinking) — — Compare
Median of peers $32.3M — 23.1× −7.80% — −22.09% 40.58% 0.00%

All 44 Specialty Business Services stocks →

DLH Holdings Corp. (DLHC) key facts

  • Concern: DLH Holdings Corp.’s revenue for fiscal 2025 (year ended September 2025) was $344.5 million, down 13.0% from fiscal 2024.
  • Concern: Net income was $1.4 million, or $0.09 per share (basic), a net margin of 0.40%.
  • DLH Holdings Corp. (DLHC) is a Specialty Business Services company in the Industrials sector, listed on Nasdaq.
  • As of October 16, 2026, DLHC traded at $3.95, a market capitalization of $58.0 million.
  • Return on equity was 1.22% and debt-to-equity 1.35.
  • Its Piotroski F-score is 5 out of 9 and its Altman Z-score is 1.70 (distress zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.

DLH Holdings Corp. (DLHC) Latest News

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stockrow.com/DLHC · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com