Revenue growth accelerated to 39.0% in 2026Q2, yet structural margin volatility persists as evidenced by the extreme compression to negative 72.5% observed in 2024Q4.
| Metric | TTM | Sep'25 | Sep'24 | Sep'23 | Sep'22 | Sep'21 | Sep'20 | Sep'19 | Sep'18 | Sep'17 | Sep'16 | Sep'15 | Sep'14 | Sep'13 | Sep'12 | Sep'11 | Sep'10 | Sep'09 | Sep'08 | Sep'07 | Sep'06 | Sep'05 | Sep'04 | Sep'03 | Sep'02 | Sep'01 | Sep'00 | Sep'99 | Sep'98 | Sep'97 | Sep'96 |
|---|
| Sales/Revenue | 95.32M | 84.81M | 79.63M | 66.07M | 83.9M | 99.59M | 113.57M | 112.45M | 111.21M | 121.46M | 119.12M | 109.3M | 119.65M | 116M | 125.11M | 107.36M | 83.27M | 93.89M | 101.39M | 87.25M | 86.99M | 80.97M | 87.39M | 79.94M | 80.03M | 105.63M | 106.14M | 115.5M | 123.2M | 108.8M | 85.4M |
| Revenue Growth % | 47.39% | 6.51% | 20.53% | -21.26% | -15.75% | -12.31% | 1% | 1.12% | -8.44% | 1.96% | 8.98% | -8.65% | 3.15% | -7.28% | 16.53% | 28.93% | -11.31% | -7.4% | 16.2% | 0.31% | 7.44% | -7.35% | 9.32% | -0.12% | -24.23% | -0.48% | -8.11% | -6.25% | 13.24% | 27.4% | 25.4% |
| Cost of Goods Sold | 76.39M | 74.23M | 73.65M | 62.72M | 85.76M | 88.39M | 93.61M | 101.82M | 101.11M | 108.09M | 107.04M | 93.57M | 93.73M | 87.99M | 97.03M | 80.92M | 63.53M | 69.95M | 79.16M | 65.83M | 77.39M | 74.52M | 77.99M | 72.38M | 76.33M | 86.76M | 86.14M | 93.2M | 93.5M | 81.4M | 64.1M |
| COGS % of Revenue | - | 87.52% | 92.49% | 94.94% | 102.21% | 88.75% | 82.42% | 90.54% | 90.92% | 89% | 89.86% | 85.61% | 78.33% | 75.85% | 77.55% | 75.37% | 76.29% | 74.5% | 78.08% | 75.45% | 88.97% | 92.03% | 89.24% | 90.54% | 95.37% | 82.13% | 81.16% | 80.69% | 75.89% | 74.82% | 75.06% |
| Gross Profit | 18.94M | 10.59M | 5.98M | 3.35M | -1.85M | 11.21M | 19.96M | 10.64M | 10.1M | 13.36M | 12.08M | 15.73M | 25.93M | 28.02M | 28.08M | 26.44M | 19.74M | 23.94M | 22.23M | 21.42M | 9.6M | 6.45M | 9.4M | 7.56M | 3.7M | 18.87M | 19.99M | 22.3M | 29.7M | 27.4M | 21.3M |
| Gross Margin % | 19.87% | 12.48% | 7.51% | 5.06% | -2.21% | 11.25% | 17.58% | 9.46% | 9.08% | 11% | 10.14% | 14.39% | 21.67% | 24.15% | 22.45% | 24.63% | 23.71% | 25.5% | 21.93% | 24.55% | 11.03% | 7.97% | 10.76% | 9.46% | 4.63% | 17.87% | 18.84% | 19.31% | 24.11% | 25.18% | 24.94% |
| Gross Profit Growth % | - | 76.95% | 78.83% | 280.32% | -116.56% | -43.87% | 87.67% | 5.3% | -24.41% | 10.61% | -23.2% | -39.32% | -7.46% | -0.24% | 6.2% | 33.94% | -17.54% | 7.7% | 3.78% | 123.15% | 48.75% | -31.36% | 24.37% | 104.19% | -80.38% | -5.61% | -10.35% | -24.92% | 8.39% | 28.64% | 28.31% |
| Operating Expenses | 10.84M | 10.39M | 11.13M | 12.35M | 12.21M | 12.31M | 15.52M | 16.92M | 16.92M | 19.94M | 19.95M | 21.41M | 17.84M | 14.34M | 18.73M | 15.59M | 11.86M | 11.46M | 13.25M | 11.04M | 9.17M | 12.21M | 14.38M | 12.17M | 15.95M | 12.96M | 16.94M | 17.4M | 17.3M | 17.9M | 15.9M |
| OpEx % of Revenue | - | 12.26% | 13.98% | 18.69% | 14.56% | 12.36% | 13.66% | 15.05% | 15.22% | 16.42% | 16.75% | 19.59% | 14.91% | 12.36% | 14.97% | 14.52% | 14.24% | 12.21% | 13.07% | 12.65% | 10.54% | 15.08% | 16.46% | 15.23% | 19.93% | 12.27% | 15.96% | 15.06% | 14.04% | 16.45% | 18.62% |
| Selling, General & Admin | 10.84M | 10.39M | 11.13M | 12.28M | 11.91M | 13.48M | 14.02M | 15.27M | 15.22M | 17.77M | 17.36M | 19.17M | 15.68M | 12.26M | 15.85M | 13.58M | 11.86M | 11.46M | 12.49M | 11.17M | 13.52M | 12.21M | 14.38M | 12.17M | 15.95M | 12.96M | 12.36M | 12.8M | 13.2M | 14.2M | 12.3M |
| SG&A % of Revenue | - | 12.26% | 13.97% | 18.58% | 14.19% | 13.54% | 12.35% | 13.58% | 13.68% | 14.63% | 14.57% | 17.54% | 13.1% | 10.57% | 12.67% | 12.65% | 14.24% | 12.21% | 12.32% | 12.8% | 15.54% | 15.08% | 16.46% | 15.23% | 19.93% | 12.27% | 11.64% | 11.08% | 10.71% | 13.05% | 14.4% |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 0 | 0 | 4K | 72K | 306K | -1.18M | 1.5M | 1.65M | 400K | 593K | 429K | 507K | 433K | 421K | 575K | 82.92M | 0 | 0 | 79.92M | 65.7M | 73.04M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Income | 8.1M | 190K | -5.15M | -9M | -14.07M | -1.1M | 4.22M | -6.4M | -5.91M | -11.53M | -12.06M | -5.74M | 8.09M | 13.77M | 9.35M | 10.86M | 7.92M | 12.48M | 8.98M | 10.38M | 432K | -5.76M | -4.98M | -4.61M | -12.25M | 5.91M | 3.05M | 4.9M | 12.4M | 9.5M | 5.4M |
| Operating Margin % | 8.5% | 0.22% | -6.47% | -13.63% | -16.77% | -1.11% | 3.71% | -5.69% | -5.32% | -9.5% | -10.13% | -5.25% | 6.76% | 11.87% | 7.47% | 10.11% | 9.51% | 13.29% | 8.85% | 11.9% | 0.5% | -7.11% | -5.7% | -5.77% | -15.31% | 5.6% | 2.87% | 4.24% | 10.06% | 8.73% | 6.32% |
| Operating Income Growth % | - | 103.69% | 42.8% | 36.01% | -1176.77% | -126.13% | 165.91% | -8.18% | 48.73% | 4.4% | -110.08% | -171.02% | -41.25% | 47.29% | -13.9% | 37.14% | -36.56% | 38.96% | -13.54% | 2303.7% | 107.5% | -15.64% | -7.96% | 62.34% | -307.21% | 93.9% | -37.78% | -60.48% | 30.53% | 75.93% | 157.14% |
| EBITDA | 12.88M | 5.21M | -366K | -3.93M | -7.72M | 6.56M | 11.6M | 1.13M | 2.54M | -1.55M | -1.3M | 2.55M | 14.98M | 19.49M | 16.02M | 15.24M | 9.81M | 14.3M | 10.46M | 11.83M | 3.1M | -2.6M | -1.48M | -430K | -7.54M | 10.28M | 7.64M | 9.5M | 16.5M | 13.2M | 9M |
| EBITDA Margin % | 13.51% | 6.14% | -0.46% | -5.95% | -9.2% | 6.59% | 10.21% | 1% | 2.29% | -1.27% | -1.09% | 2.33% | 12.52% | 16.8% | 12.8% | 14.2% | 11.78% | 15.23% | 10.32% | 13.56% | 3.56% | -3.21% | -1.7% | -0.54% | -9.43% | 9.73% | 7.19% | 8.23% | 13.39% | 12.13% | 10.54% |
| EBITDA Growth % | 796.86% | 1523.5% | 90.69% | 49.07% | -217.71% | -43.43% | 929.02% | -55.72% | 264.62% | -19.01% | -150.94% | -82.98% | -23.13% | 21.69% | 5.09% | 55.36% | -31.4% | 36.71% | -11.58% | 281.52% | 219.45% | -75.17% | -244.65% | 94.3% | -173.39% | 34.63% | -19.62% | -42.42% | 25% | 46.67% | 63.64% |
| D&A (Non-Cash Add-back) | 4.78M | 5.02M | 4.78M | 5.07M | 6.35M | 7.66M | 7.38M | 7.53M | 8.46M | 9.99M | 10.77M | 8.29M | 6.9M | 5.72M | 6.67M | 4.39M | 1.9M | 1.82M | 1.48M | 1.45M | 2.67M | 3.16M | 3.5M | 4.18M | 4.71M | 4.37M | 4.59M | 4.6M | 4.1M | 3.7M | 3.6M |
| EBIT | 8.93M | 190K | -5.51M | -9.51M | -9.04M | -1.33M | 2.01M | -7.15M | -5.39M | -10.93M | -11.62M | -5.44M | 8.65M | 14.78M | 9.96M | 11.37M | 8.46M | 12.39M | 8.98M | 10.38M | 42K | -2.51M | -4.92M | -4.61M | -12.25M | 5.91M | 3.05M | 4.9M | 12.4M | 9.5M | 5.4M |
| Net Interest Income | -1.44M | -1.69M | -3.08M | -997K | -645K | -638K | -886K | -1.05M | -2.13M | -2.15M | -1.66M | -574K | -184K | -318K | -444K | -82K | -14K | -51K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 4K | 8K | 56K | 51K | 10K | 17K | 24K | 33K | 46K | 57K | 16K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 1.44M | 1.69M | 3.08M | 997K | 645K | 638K | 886K | 1.06M | 2.14M | 2.21M | 1.72M | 584K | 201K | 342K | 471K | 128K | 71K | 67K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Income/Expense | -645K | -938K | -3.44M | -1.5M | 4.39M | -863K | -1.16M | -1.16M | -1.62M | -1.61M | -1.27M | -282K | 269K | 80K | 54K | 383K | 479K | -149K | -158K | -129K | 216K | 7.12M | -946K | -760K | -1.2M | -1.24M | -570K | -800K | -800K | -400K | -700K |
| Pretax Income | 7.46M | -748K | -8.59M | -10.5M | -9.68M | -1.97M | 8.98M | -8.21M | -7.53M | -13.14M | -13.33M | -6.03M | 8.36M | 13.85M | 9.4M | 11.24M | 8.39M | 12.33M | 8.82M | 10.26M | 1.5M | 856K | -5.87M | -5.37M | -13.45M | 4.67M | 2.48M | 4.1M | 11.6M | 9.1M | 4.7M |
| Pretax Margin % | 7.82% | -0.88% | -10.79% | -15.9% | -11.54% | -1.97% | 7.91% | -7.3% | -6.77% | -10.82% | -11.19% | -5.51% | 6.98% | 11.94% | 7.51% | 10.47% | 10.08% | 13.13% | 8.7% | 11.75% | 1.72% | 1.06% | -6.71% | -6.72% | -16.8% | 4.42% | 2.34% | 3.55% | 9.42% | 8.36% | 5.5% |
| Income Tax | 205K | 185K | 37K | 16K | -43K | -1.22M | -211K | -701K | -361K | 1.07M | -2M | -2.44M | 2.75M | 4.09M | 2.85M | 3.79M | 3.03M | 4.48M | 3.28M | 1.48M | 535K | 1.05M | 80K | -26K | -462K | 1.69M | 57K | 300K | 2.3M | 2M | -900K |
| Effective Tax Rate % | 2.75% | -24.73% | -0.43% | -0.15% | 0.44% | 62.19% | -2.35% | 8.54% | 4.79% | -8.14% | 14.99% | 40.56% | 32.95% | 29.52% | 30.34% | 33.72% | 36.12% | 36.34% | 37.15% | 14.46% | 35.79% | 122.9% | -1.36% | 0.48% | 3.44% | 36.29% | 2.3% | 7.32% | 19.83% | 21.98% | -19.15% |
| Net Income | 7.42M | -718K | -5.38M | -8.69M | -9.64M | -743K | 9.19M | -7.51M | -7.17M | -14.21M | -11.34M | -2.87M | 5.02M | 10.23M | 6.55M | 7.45M | 5.36M | 8.04M | 5.83M | 6.73M | 960K | -196K | -5.95M | -5.35M | -12.99M | 2.97M | 2.42M | 3.8M | 9.3M | 7.1M | 5.6M |
| Net Margin % | 7.78% | -0.85% | -6.76% | -13.16% | -11.49% | -0.75% | 8.09% | -6.67% | -6.45% | -11.7% | -9.52% | -2.63% | 4.2% | 8.82% | 5.23% | 6.94% | 6.44% | 8.56% | 5.75% | 7.71% | 1.1% | -0.24% | -6.8% | -6.69% | -16.23% | 2.82% | 2.28% | 3.29% | 7.55% | 6.53% | 6.56% |
| Net Income Growth % | 285.08% | 86.66% | 38.07% | 9.83% | -1197.44% | -108.08% | 222.45% | -4.69% | 49.54% | -25.36% | -294.67% | -157.18% | -50.92% | 56.29% | -12.1% | 38.92% | -33.27% | 37.82% | -13.35% | 600.83% | 589.8% | 96.7% | -11.2% | 58.82% | -536.65% | 22.79% | -36.26% | -59.14% | 30.99% | 26.79% | 100% |
| Net Income (Continuing) | 7.25M | -933K | -8.63M | -10.52M | -9.64M | -743K | 9.19M | -7.51M | -7.17M | -14.21M | -11.34M | -3.58M | 5.6M | 9.76M | 6.31M | 7.45M | 5.36M | 7.85M | 5.54M | 8.77M | -49K | -196K | -5.95M | -5.35M | -11.99M | 2.97M | 2.42M | 3.8M | 9.3M | 7.1M | 5.6M |
| Discontinued Operations | 168K | 215K | 3.24M | 1.83M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 709K | 0 | 476K | 0 | 0 | 0 | 188K | 287K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 1.20 | -0.12 | -0.90 | -1.47 | -1.65 | -0.13 | 1.59 | -1.35 | -1.30 | -2.59 | -2.07 | -0.53 | 0.92 | 1.90 | 1.22 | 1.40 | 1.00 | 1.51 | 1.09 | 1.27 | 0.18 | -0.04 | -1.14 | -1.02 | -2.48 | 0.58 | 0.47 | 0.72 | 1.78 | 1.36 | 1.09 |
| EPS Growth % | 280.31% | 86.67% | 38.78% | 10.91% | -1169.23% | -108.18% | 217.78% | -3.85% | 49.81% | -25.12% | -290.57% | -157.61% | -51.58% | 55.74% | -12.86% | 40% | -33.77% | 38.53% | -14.17% | 605.56% | 580% | 96.71% | -11.76% | 58.87% | -527.59% | 23.4% | -34.72% | -59.55% | 30.88% | 24.77% | 98.18% |
| EPS (Basic) | - | -0.12 | -0.90 | -1.47 | -1.65 | -0.13 | 1.62 | -1.35 | -1.30 | -2.59 | -2.07 | -0.53 | 0.93 | 1.91 | 1.23 | 1.41 | 1.01 | 1.52 | 1.10 | 1.28 | 0.18 | -0.04 | -1.14 | -1.02 | -2.49 | 0.58 | 0.47 | 0.73 | 1.80 | 1.36 | 1.09 |
| Diluted Shares Outstanding | 6.19M | 6.05M | 6M | 5.93M | 5.83M | 5.76M | 5.79M | 5.57M | 5.52M | 5.49M | 5.47M | 5.44M | 5.42M | 5.4M | 5.38M | 5.32M | 5.34M | 5.33M | 5.34M | 5.29M | 5.23M | 5.23M | 5.22M | 5.25M | 5.24M | 5.17M | 5.2M | 5.23M | 5.22M | 5.22M | 5.18M |
| Basic Shares Outstanding | 6.13M | 6.05M | 6M | 5.93M | 5.83M | 5.76M | 5.66M | 5.57M | 5.52M | 5.49M | 5.47M | 5.43M | 5.4M | 5.36M | 5.32M | 5.27M | 5.3M | 5.29M | 5.29M | 5.25M | 5.22M | 5.22M | 5.22M | 5.25M | 5.22M | 5.14M | 5.17M | 5.18M | 5.17M | 5.22M | 5.14M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | 21.52% | 10.48% | 16.19% | 10.59% | 9.87% | 6.58% | - | - | - | - | - | - | - | - | 42.57% | - | 10.75% | - | - |
High operating leverage volatility
According to the most recent quarterly data, SIFCO achieved a significant revenue expansion of 39.0% year-over-year in 2026Q2, suggesting that the company is successfully capturing increased demand within its specialized aerospace forging niche after a period of inconsistent performance and significant volatility in prior fiscal periods.
The recent acceleration in top-line growth appears to be a departure from the erratic revenue patterns observed throughout 2024 and 2025. Investors should monitor whether this growth is sustainable or merely a reflection of timing in contract fulfillment, as the company's historical reliance on project-based aerospace demand often leads to lumpy revenue recognition.
As reported in financial statements, SIFCO's gross margin reached 21.4% in 2026Q2, yet this figure remains highly sensitive to production volume, as evidenced by the extreme margin compression to negative 72.5% observed during the low-revenue period of 2024Q4, highlighting the company's high fixed-cost operating structure.
The wide variance in gross margins suggests that SIFCO lacks the pricing power or cost flexibility to insulate itself from fluctuations in capacity utilization. Without a shift toward higher-value service offerings, the company appears destined to remain vulnerable to the cyclical nature of aerospace build rates and raw material cost volatility.
Based on the provided income statement data, SIFCO's operating margin reached 10.1% in 2026Q2, a notable improvement from the negative margins seen in previous quarters, yet the company's history of swinging between profitability and deep losses suggests that operating leverage is currently more of a liability than an asset.
The inability to maintain consistent operating profitability indicates that SG&A expenses and fixed manufacturing overheads are not scaling efficiently with revenue. This suggests that the company's current business model may require significantly higher throughput to achieve a stable and defensible operating profit profile.
While the company reported positive net income of $2.7 million in 2026Q2, historical data indicates that SIFCO has struggled to maintain such performance, with net margins frequently dipping into negative territory, which warrants caution regarding the durability of the current earnings recovery in the face of persistent industrial headwinds.
Short-term improvements in net income may be masking underlying structural weaknesses, particularly given the company's thin liquidity and reliance on high-complexity, low-volume forging. Investors should investigate whether the recent profitability is driven by sustainable operational improvements or temporary factors such as favorable product mix or non-recurring cost management.
Quick answers to the most common questions about buying SIF stock.
For fiscal year 2025, SIFCO Industries, Inc. (SIF) reported total revenue of $84.8M. This represents a 0.7% decline compared to $85.4M in 1996.
SIFCO Industries, Inc. (SIF) reported a net loss of $0.7M for the fiscal year ending 2025.
SIFCO Industries, Inc. (SIF) reported an operating income of $0.2M, resulting in an operating profit margin of 0.2%. This margin reflects the operational efficiency of the business before interest and taxes.
SIFCO Industries, Inc. (SIF) generated $10.6M in gross profit for the year, representing a gross profit margin of 12.5%. This demonstrates the company's core pricing power and production efficiency.