Energy Services of America Corporation (ESOA) Cash Flow Statement
Where ESOA’s cash came from and went, FY2025
September 30, 2025 · U.S. dollars- Cash from operations
- $4.1M −77.8% vs FY2024
- Capital expenditures
- $6.4M 1.5% of revenue
- Free cash flow
- −$2.2M −0.5% margin
- Returned to shareholders
- $2.3M
- Change in cash
- −$684,628 cash at year-end $12.2M
Drawn to scale: where the cash came from and how it was used. Hover for values.
ESOA operating cash flow, capex and free cash flow
ESOA cash flow trends, FY2016–FY2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Operating cash flow | $6.8MFY2016 | $4.1MFY2025 | −5.3%/yr | |
| Capital expenditures | $3.4MFY2016 | $6.4MFY2025 | +7.2%/yr | |
| Free cash flow | $3.4MFY2016 | −$2.2MFY2025 | — | |
| Free cash flow margin | 2.2%FY2016 | −0.5%FY2025 | −2.7 pts | |
| Operating cash flow / net income | 2.31FY2016 | 10.90FY2025 | +8.58 | |
| Stock-based compensation | $309,000FY2016 | $105,119FY2025 | −11.3%/yr | |
| Dividends paid | $695,367FY2016 | $1.5MFY2025 | +9.0%/yr | |
| Share buybacks (net) | $0FY2016 | $844,230FY2025 | — | |
| Capex / revenue | 2.2%FY2016 | 1.5%FY2025 | −0.6 pts |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
ESOA cash flow by activity
ESOA net income vs operating cash flow
Operating cash flow above net income usually means earnings are backed by cash (depreciation and stock-based pay are non-cash expenses).
ESOA cash flow statement
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating activities | ||||||||||
| Net income | $379,708 | $25.1M | $7.4M | $3.9M | $9.1M | $2.4M | $2.0M | $2.5M | −$387,756 | $2.9M |
| Depreciation & amortization | $13.0M | $9.0M | $7.8M | $6.1M | $4.9M | $4.4M | $4.2M | $4.2M | $3.2M | $2.5M |
| Stock-based compensation | $105,119 | $35,556 | −$34,478 | — | −$681,653 | — | — | — | $309,000 | $309,000 |
| Change in working capital | −$10.1M | −$15.7M | $3.3M | −$3.5M | −$2.9M | $8.4M | −$2.2M | $2.9M | −$1.4M | $143,292 |
| Other non-cash items | $738,376 | $216,572 | $2.6M | $1.9M | −$9.6M | −$249,634 | $339,366 | −$596,361 | −$534,943 | $893,050 |
| Cash from operating activities | $4.1M | $18.7M | $21.1M | $8.3M | $798,939 | $15.0M | $4.3M | $9.1M | $1.2M | $6.8M |
| Investing activities | ||||||||||
| Capital expenditures | −$6.4M | −$8.8M | −$10.8M | −$5.3M | −$6.0M | −$3.5M | −$3.4M | −$1.9M | −$2.8M | −$3.4M |
| Investments (net) | — | −$8.0M | −$10.2M | −$8.3M | −$8.7M | −$2.8M | −$2.7M | −$1.3M | −$2.5M | −$3.0M |
| Acquisitions & other investing | −$23.1M | $8.8M | $12.7M | $5.3M | $6.0M | $3.5M | $3.4M | $1.9M | $2.8M | $3.4M |
| Cash from investing activities | −$29.4M | −$8.0M | −$8.3M | −$8.3M | −$8.7M | −$2.8M | −$2.7M | −$1.3M | −$2.5M | −$3.0M |
| Financing activities | ||||||||||
| Dividends paid | −$1.5M | −$994,031 | −$833,360 | −$833,360 | −$309,000 | −$1.0M | −$309,000 | −$309,000 | −$1.0M | −$695,367 |
| Share repurchases & issuance (net) | −$844,230 | −$41,380 | −$219,615 | −$1.2M | −$1.3M | −$268,228 | −$300,600 | −$49,795 | $0 | $0 |
| Net borrowing (repayment) | $27.0M | −$13.2M | −$835,438 | $405,116 | $5.2M | −$4.3M | $2.5M | −$8.0M | $187,962 | −$783,346 |
| Shares issued | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other financing | $0 | $0 | $0 | $833,360 | $1.3M | $0 | $0 | $0 | $0 | $0 |
| Cash from financing activities | $24.6M | −$14.2M | −$1.9M | −$805,409 | $4.9M | −$5.6M | $1.9M | −$8.3M | −$817,155 | −$1.5M |
| Summary | ||||||||||
| Net change in cash | −$684,628 | −$3.5M | $9.0M | −$799,265 | −$3.0M | $6.6M | $3.5M | −$609,975 | −$2.2M | $2.3M |
| Cash at end of period | $12.2M | $12.9M | $16.4M | $7.4M | $8.2M | $11.2M | $4.6M | $1.1M | $1.7M | $3.8M |
| Free cash flow | −$2.2M | $9.9M | $10.2M | $3.0M | −$5.2M | $11.5M | $961,885 | $7.2M | −$1.6M | $3.4M |
| Free cash flow margin | −0.5% | 2.8% | 3.4% | 1.5% | −4.3% | 9.6% | 0.6% | 5.3% | −1.1% | 2.2% |
| Capex / revenue | 1.5% | 2.5% | 3.6% | 2.7% | 4.9% | 3.0% | 1.9% | 1.4% | 2.0% | 2.2% |
| Operating cash flow / net income | 10.90 | 0.74 | 2.85 | 2.15 | 0.09 | 6.16 | 2.17 | 3.61 | — | 2.31 |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating activities | ||||||||||||
| Net income | $3.3M | $215,548 | $2.7M | $4.2M | $2.1M | −$6.8M | $853,733 | $6.7M | $17.5M | −$1.1M | $2.0M | $5.7M |
| Depreciation & amortization | $3.7M | $3.7M | $3.8M | $3.9M | $3.3M | $3.2M | $2.7M | $2.3M | $2.3M | $2.2M | $2.2M | $2.0M |
| Stock-based compensation | $16,667 | $58,680 | — | $46,231 | — | — | — | $0 | $0 | — | $30,136 | — |
| Change in working capital | −$2.0M | −$423,117 | $11.3M | −$19.9M | −$2.2M | $6.9M | $5.1M | −$9.8M | −$566,147 | −$3.1M | −$2.2M | $1.2M |
| Other non-cash items | −$7.9M | $137,387 | $977,846 | $2.4M | $286,020 | −$2.1M | $222,532 | −$33,076 | $129,521 | −$687,896 | $813,443 | $1.8M |
| Cash from operating activities | −$2.9M | $3.6M | $18.8M | −$9.3M | $3.4M | $1.1M | $8.9M | −$847,529 | $19.3M | −$2.7M | $2.9M | $10.8M |
| Investing activities | ||||||||||||
| Capital expenditures | −$8.1M | −$3.7M | −$2.0M | −$2.7M | −$4.0M | −$2.2M | −$2.9M | −$2.1M | −$3.1M | −$2.2M | −$1.4M | −$2.3M |
| Investments (net) | — | — | — | — | −$3.9M | −$2.1M | −$23.2M | −$2.3M | −$3.0M | −$1.6M | −$1.0M | −$2.2M |
| Acquisitions & other investing | $6.4M | $190,984 | $110,776 | $2.5M | $4.0M | $2.2M | $2.9M | $2.1M | $3.1M | $2.2M | $1.4M | — |
| Cash from investing activities | −$1.7M | −$3.5M | −$1.9M | −$267,874 | −$3.9M | −$2.1M | −$23.2M | −$2.3M | −$3.0M | −$1.6M | −$1.0M | — |
| Financing activities | ||||||||||||
| Dividends paid | −$558,669 | −$2,617 | −$501,342 | −$501,555 | −$501,504 | −$501,164 | −$501,164 | −$2.0M | $0 | −$994,031 | −$994,031 | $0 |
| Share repurchases & issuance (net) | $847,818 | −$1,288 | −$846,530 | $844,230 | −$844,230 | $0 | $0 | $41,380 | −$41,380 | — | $219,615 | $0 |
| Net borrowing (repayment) | $9.7M | −$27.9M | −$11.1M | $7.0M | $7.2M | −$8.9M | $21.7M | $1.6M | −$13.8M | — | — | — |
| Shares issued | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other financing | −$847,818 | $21.2M | $0 | −$844,230 | $0 | $0 | $501,164 | $1.9M | $0 | $6.1M | −$6.2M | −$1.1M |
| Cash from financing activities | $9.2M | −$6.7M | −$12.5M | $6.5M | $5.9M | −$9.4M | $21.7M | $1.6M | −$13.9M | $5.1M | −$7.0M | −$1.1M |
| Summary | ||||||||||||
| Net change in cash | $4.6M | −$6.6M | $4.4M | −$3.1M | $5.4M | −$10.4M | $7.4M | −$1.6M | $2.4M | $836,446 | −$5.2M | $7.4M |
| Cash at end of period | $14.7M | $10.1M | $16.7M | $12.2M | $15.3M | $9.9M | $20.3M | $12.9M | $14.5M | $12.1M | $11.3M | $16.4M |
| Free cash flow | $5.2M | −$62,170 | $16.8M | −$6.5M | −$581,972 | −$1.1M | $6.0M | −$2.9M | $16.3M | −$4.9M | $1.5M | $8.4M |
| Free cash flow margin | 4.0% | −0.1% | 14.7% | −5.0% | −0.6% | −1.4% | 5.9% | −2.8% | 18.9% | −6.9% | 1.6% | 8.0% |
| Capex / revenue | 6.2% | 4.0% | 1.8% | 2.1% | 3.9% | 2.9% | 2.9% | 2.0% | 3.6% | 3.1% | 1.5% | 2.2% |
| Operating cash flow / net income | −0.88 | 16.91 | 6.95 | −2.19 | 1.65 | — | 10.40 | −0.13 | 1.10 | — | 1.40 | 1.88 |
Negative numbers are cash paid out. Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported; data from EODHD.
ESOA cash generation
In fiscal 2025 (ended September 30, 2025), Energy Services of America generated $4.1 million of cash from operations (down 77.8%) and spent $6.4 million on capital expenditures, leaving free cash flow of -$2.2 million, −0.5% of revenue. It returned $2.3 million to shareholders through dividends ($1.5 million) and net share buybacks ($0.8 million). Cash and equivalents fell by $0.7 million over the year.
Related: ESOA income statement, ESOA balance sheet, ESOA dividend history. See the ESOA stock overview for the latest quote and news.
ESOA cash flow FAQ
What is Energy Services of America's free cash flow?
Energy Services of America's free cash flow was -$2.2 million in fiscal 2025: $4.1 million of operating cash flow minus $6.4 million of capital expenditures It was $9.9 million a year earlier..
How much cash does Energy Services of America generate from operations?
Energy Services of America generated $4.1 million of cash from operating activities in fiscal 2025, 10.90 times its net income of $0.4 million.
How much does Energy Services of America spend on capital expenditures?
Energy Services of America spent $6.4 million on capital expenditures in fiscal 2025, 1.5% of revenue, compared with $8.8 million the year before.
How much stock does Energy Services of America buy back?
Energy Services of America spent $0.8 million on net share repurchases in fiscal 2025.
How much does Energy Services of America pay in dividends?
Energy Services of America paid $1.5 million in dividends in fiscal 2025.