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DLHC Financials DLH Holdings Corp.

13 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →

Growth & profitability

  • Revenue has grown 10.5% per year over the past 5 years.
  • Net income has grown slower than revenue (-28.2% vs 10.5% per year).
  • Operating margin has contracted, at 4.9% in the latest year.
  • Free cash flow has grown 3.5% per year over the past 5 years.

Financial health

  • Total debt ($128M) exceeds cash ($125000); net debt is $128M.
  • Total debt has grown in line with revenue (12.8% vs 10.5% per year).
  • Operating income covered interest expense 1.3× in the latest year.
  • Total debt is 3.8× EBITDA.
Revenue & net income
-$159000 $198M $396M $0 2013 2015 2017 2019 2021 2023 2025
RevenueNet income
Margins (gross / operating / net)
0% 11% 23% 2013 2015 2017 2019 2021 2023 2025
GrossOperatingNet
Return on equity & assets (ROE / ROA)
-2% 18% 39% 0% 2013 2015 2017 2019 2021 2023 2025
ROEROA
Free cash flow (CFO − capex)
$0 $23M $46M 2013 2015 2017 2019 2021 2023 2025
Free cash flow
Cash vs total debt
$0 $86M $172M 2013 2015 2017 2019 2021 2023 2025
CashTotal debt
Cash flow: operating / investing / financing
-$181M -$16M $150M $0 2013 2015 2017 2019 2021 2023 2025
OperatingInvestingFinancing

Key annual figures

FYRevenueNet incomeGross MOp MROEROAFCFTotal debtCash
2025 $344M $1M 0.0% 4.9% 1.2% 0.5% $23M $128M $125000
2024 $396M $7M 0.0% 6.3% 6.7% 2.4% $27M $149M $342000
2023 $376M $1M 0.0% 4.5% 1.4% 0.4% $30M $172M $215000
2022 $395M $23M 0.0% 8.4% 25.3% 13.8% $371000 $20M $228000
2021 $246M $10M 0.0% 7.0% 15.5% 5.1% $46M $45M $24M
2020 $209M $7M 0.0% 6.4% 13.3% 3.9% $19M $70M $1M
2019 $160M $5M 0.0% 6.2% 11.7% 4.1% $18M $56M $2M
2018 $133M $2M 22.7% 6.6% 4.7% 2.9% $13M $8M $6M
2017 $116M $3M 22.3% 5.7% 9.2% 4.7% $5M $20M $5M
2016 — $3M — — 10.6% 5.2% $6M $23M $5M
2015 — $9M — — 38.2% 30.5% $2M $0 $6M
2014 — $5M — — 38.7% 17.8% $2M $0 $4M
2013 — -$159000 — — -2.0% -0.6% $2M — $3M

Valuation over time

How the market has priced DLHC against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.

Price / earnings (P/E)
0.0 78.4 156.7 Mar '23 Sep '23 Mar '24 Sep '24 Mar '25 Sep '25 Mar '26 Sep '26
P/E
Price / sales (P/S)
0.0 0.3 0.6 Mar '23 Sep '23 Mar '24 Sep '24 Mar '25 Sep '25 Mar '26 Sep '26
P/S

Frequently asked questions

Is DLHC growing its revenue and profit?

Over the past 5 years, DLH Holdings Corp.'s revenue has grown 10.5% per year, and net income declined 28.2% per year. These are computed facts, not advice.

How much debt does DLHC have?

As of FY2025, DLH Holdings Corp. reported $128M of total debt against $125000 of cash; operating income covered interest expense 1.3×.

What is DLHC's profit margin?

In FY2025, gross margin was —, operating margin 4.9%, and net margin 0.4%.

What is DLHC's P/E ratio?

As of Sep '26, DLH Holdings Corp. traded at a price-to-earnings ratio of about 43.9× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S have moved with the share price. These are computed facts, not advice.

Where does this data come from?

All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.

Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.