CARPENTER ENGINEERED FOAMS : revenue, balance sheet and financial ratios

CARPENTER ENGINEERED FOAMS is a French company founded 126 years ago, specialized in the sector Fabrication de plaques, feuilles, tubes et profilés en matières plastiques. Based in TRILPORT (77470), this company of category ETI shows in 2024 a revenue of 63.2 M€. Find below the complete financial statements, solvency ratios, working capital requirements and sector comparison.

Data updated on 2026-05-09

Sources : INPI & INSEE SIRENE - Processing : Ministry of Economy

Financial history - CARPENTER ENGINEERED FOAMS (SIREN 702001785)
Indicator 2024 2023 2022 2021 2020 2019 2018 2017 2016
Revenue 63 202 797 € 64 495 618 € 70 401 727 € 80 038 692 € 72 770 484 € 87 530 831 € 87 053 800 € 98 736 187 € 100 941 164 €
Net income -9 529 453 € -5 648 864 € 66 568 217 € -574 796 € -2 372 637 € 1 504 722 € 288 042 € -584 256 € -2 909 710 €
EBITDA -5 460 969 € -4 546 716 € -2 517 993 € 840 696 € -1 607 262 € 382 470 € -1 020 818 € 4 651 047 € 5 761 549 €
Net margin -15.1% -8.8% 94.6% -0.7% -3.3% 1.7% 0.3% -0.6% -2.9%

Revenue and income statement

In 2024, CARPENTER ENGINEERED FOAMS achieves revenue of 63.2 M€. Revenue is declining over the period 2016-2024 (CAGR: -5.7%). Slight decline of -2% vs 2023. After deducting consumption (28.6 M€), gross margin stands at 34.6 M€, i.e. a rate of 55%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches -5.5 M€, representing -8.6% of revenue. Negative EBITDA means operations do not cover current expenses: concerning situation. Net income is negative at -9.5 M€ (-15.1% of revenue), which will impact equity.

Revenue (2024) ?
Revenue
Definition
Total amount of sales of goods and services made by the company.
Formula
Sales of goods + Sold production

63 202 797 €

Gross margin (2024) ?
Gross margin
Definition
Difference between revenue and cost of goods sold.
Formula
Revenue - Cost of goods consumed

34 594 489 €

EBITDA (2024) ?
Gross Operating Surplus (EBITDA)
Definition
Resources generated by current operations, before depreciation and financial expenses.
Formula
Value added - Personnel expenses - Taxes
Interpretation
Positive = profitable activity

-5 460 969 €

EBIT (2024) ?
EBIT (Operating Income)
Definition
Operating income, including depreciation and provisions.
Formula
EBITDA - Depreciation and provisions + Reversals

-9 134 211 €

Net income (2024) ?
Net income
Definition
Profit or loss after all expenses, including taxes and exceptional items.
Formula
Current income + Exceptional income - Income tax

-9 529 453 €

EBITDA margin (2024) ?
EBITDA margin
Definition
Measures the company's operating profitability.
Formula
(EBE / CA) x 100
Interpretation
> 10% : Good profitability
5-10% : Average
< 5% : Low

-8.6%

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Assets

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Liabilities

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Solvency and debt ratios

The debt ratio (= Financial debt / Equity x 100) stands at 58%. Debt remains under control: the company retains capacity to raise new debt if needed. Financial autonomy (= Equity / Total assets x 100) reaches 38%. The balance between equity and debt is satisfactory.

Debt ratio (2024) ?
Debt ratio
Definition
Measures the proportion of debt to equity.
Formula
(Financial debt / Equity) x 100
Interpretation
< 50% : Low
50-100% : Moderate
> 100% : High

58.056%

Financial autonomy (2024) ?
Financial autonomy
Definition
Share of equity in the company's total financing.
Formula
(Equity / Total assets) x 100
Interpretation
> 30% : Good autonomy
20-30% : Average
< 20% : Low

38.396%

Cash flow / Revenue (2024) ?
Cash flow / Revenue
Definition
Self-financing capacity relative to revenue.
Formula
(CAF / CA) x 100
Interpretation
The higher the ratio, the more cash the company generates

-8.951%

Repayment capacity (2024) ?
Repayment capacity
Definition
Number of years needed to repay debts with cash flow.
Formula
Financial debt / Cash flow
Interpretation
< 3 years : Excellent
3-5 years : Fair
> 5 years : Warning

-1.538

Asset age ratio (2024) ?
Asset age ratio
Definition
Measures the degree of wear of tangible assets.
Formula
Accumulated depreciation / Gross fixed assets x 100
Interpretation
< 50% : Recent assets
50-70% : Normal wear
> 70% : Aging assets

20.2%

Solvency indicators evolution
CARPENTER ENGINEERED FOAMS

Sector positioning

Debt ratio
58.06 2024
2022
2023
2024
Q1: 0.73
Med: 15.01
Q3: 54.26
Watch +42 pts over 3 years

In 2024, the debt ratio of CARPENTER ENGINEERED FOAMS (58.06) ranks in the top 25% of the sector. This ratio measures the weight of debt relative to equity. A high ratio may indicate excessive dependence on external financing.

Financial autonomy
38.4% 2024
2022
2023
2024
Q1: 36.22%
Med: 56.58%
Q3: 72.34%
Average -58 pts over 3 years

In 2024, the financial autonomy of CARPENTER ENGINEERED FOAMS (38.4%) ranks below the median of the sector. This ratio represents the share of equity in total financing. An improvement would strengthen the competitive position.

Repayment capacity
-1.54 years 2024
2022
2023
2024
Q1: 0.0 years
Med: 0.27 years
Q3: 1.35 years
Excellent

In 2024, the repayment capacity of CARPENTER ENGINEERED FOAMS (-1.54) ranks in the bottom 25% of the sector, which is positive. This ratio indicates the number of years needed to repay debt with cash flow. A short capacity reflects controlled debt and good cash generation.

Liquidity ratios

The liquidity ratio (= Current assets / Current liabilities) stands at 170.38. Concretely, the company has €2 of liquid assets for every €1 of short-term debt: no cash risk within 12 months.

Liquidity ratio (2024) ?
Liquidity ratio
Definition
Ability to meet short-term debts with current assets.
Formula
Current assets / Current liabilities
Interpretation
> 1.5 : Very good
1-1.5 : Fair
< 1 : Liquidity risk

170.384

Interest coverage (2024) ?
Interest coverage
Definition
Ability to cover interest charges with operating income.
Formula
EBIT / Interest expenses
Interpretation
> 3 : Comfortable
1.5-3 : Acceptable
< 1.5 : Risk

-4.183

Liquidity indicators evolution
CARPENTER ENGINEERED FOAMS

Sector positioning

Liquidity ratio
170.38 2024
2022
2023
2024
Q1: 161.7
Med: 262.65
Q3: 376.36
Average -49 pts over 3 years

In 2024, the liquidity ratio of CARPENTER ENGINEERED FOAMS (170.38) ranks below the median of the sector. This ratio measures the ability to cover short-term debt with current assets. An improvement would strengthen the competitive position.

Interest coverage
-4.18x 2024
2022
2023
2024
Q1: 0.04x
Med: 2.6x
Q3: 12.16x
Average

In 2024, the interest coverage of CARPENTER ENGINEERED FOAMS (-4.2x) ranks below the median of the sector. This ratio indicates how many times operating income covers interest expenses. An improvement would strengthen the competitive position.

Working capital requirement (WCR) and payment terms

Working capital requirement (WCR) measures the cash timing gap between customer collections and supplier/inventory payments. Average customer payment term: 73 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 55 days. The company must finance 18 days of gap between collections and payments. Inventory turnover is 49 days (= Average inventory / Cost of goods x 360). Overall, WCR represents 97 days of revenue, i.e. 17.1 M€ to permanently finance. Over 2016-2024, WCR increased by +187%, requiring additional financing.

Operating WCR (2024) ?
Operating WCR
Definition
Financing requirement generated by the operating cycle (inventory + receivables - trade payables).
Formula
Inventory + Customer receivables - Trade payables
Interpretation
Negative = cash released
Positive = financing needed

17 060 331 €

Customer credit (2024) ?
Customer credit (days)
Definition
Average payment term granted to customers.
Formula
(Customer receivables / Revenue incl. VAT) x 360
Interpretation
< 45j : Good
45-60j : Average
> 60j : Long

73 j

Supplier credit (2024) ?
Supplier credit (days)
Definition
Average payment term obtained from suppliers.
Formula
(Trade payables / Purchases incl. VAT) x 360
Interpretation
The longer the term, the better for cash flow

55 j

Inventory turnover (2024) ?
Inventory turnover (days)
Definition
Average storage duration for goods or materials.
Formula
(Inventory / Cost of goods) x 360
Interpretation
The lower the ratio, the faster the turnover

49 j

WCR in days of revenue (2024) ?
WCR in days of revenue
Definition
Expresses working capital requirement in days of revenue.
Formula
(Operating WCR / Revenue) x 360
Interpretation
The fewer days, the better the working capital management

97 j

WCR and payment terms evolution
CARPENTER ENGINEERED FOAMS

Positioning of CARPENTER ENGINEERED FOAMS in its sector

Comparison with sector Fabrication de plaques, feuilles, tubes et profilés en matières plastiques

Valuation estimate

Based on 76 transactions of similar company sales (all years), the value of CARPENTER ENGINEERED FOAMS is estimated at 12 858 422 € (range 6 146 957€ - 17 304 273€). The price/revenue ratio is 0.20x (conservative valuation). This multiples method compares the actual sale price of similar companies to their financial indicators (Revenue, EBITDA, Net Income). It provides a market-based indicative estimate.
Medium reliability: estimate to be confirmed with in-depth analysis.

Estimated enterprise value 2024
76 tx
6146k€ 12858k€ 17304k€
12 858 422 € Range: 6 146 957€ - 17 304 273€
NAF 4 all-time Aggregated at NAF sub-class level

Valuation method used

Revenue Multiple
63 202 797 € × 0.20x = 12 858 422 €
Range: 6 146 958€ - 17 304 274€

Only this financial indicator is available for this company.

How is this estimate calculated?

This estimate is based on the analysis of 76 actual transactions of similar company sales (same NAF code) registered with BODACC between 2016 and 2025.

  • EBITDA Multiple: Preferred method for profitable SMEs. EBITDA reflects the ability to generate cash.
  • Revenue Multiple: Used for growing companies or those with low profitability. Reflects commercial potential.
  • Net Income Multiple: Relevant for mature companies with stable results.

This estimate is provided for information purposes only. A precise valuation requires in-depth analysis (assets, liabilities, prospects, market...).

Similar companies (Fabrication de plaques, feuilles, tubes et profilés en matières plastiques)

Compare CARPENTER ENGINEERED FOAMS with other companies in the same sector:

Voir toutes les statistiques du secteur Fabrication de plaques, feuilles, tubes et profilés en matières plastiques

Frequently asked questions about CARPENTER ENGINEERED FOAMS

What is the revenue of CARPENTER ENGINEERED FOAMS ?

The revenue of CARPENTER ENGINEERED FOAMS in 2024 is 63.2 M€.

Is CARPENTER ENGINEERED FOAMS profitable?

CARPENTER ENGINEERED FOAMS recorded a net loss in 2024.

Where is the headquarters of CARPENTER ENGINEERED FOAMS ?

The headquarters of CARPENTER ENGINEERED FOAMS is located in TRILPORT (77470), in the department Seine-et-Marne.

Where to find the tax return of CARPENTER ENGINEERED FOAMS ?

The tax return of CARPENTER ENGINEERED FOAMS is available on this page. Click on a year in the 'Data by year' section to view the account details (assets, liabilities, income statement). Data comes from INPI (National Institute of Industrial Property).

In which sector does CARPENTER ENGINEERED FOAMS operate?

CARPENTER ENGINEERED FOAMS operates in the sector Fabrication de plaques, feuilles, tubes et profilés en matières plastiques (NAF code 22.21Z). See the 'Sector positioning' section above to compare the company with its competitors.