Ennis, Inc. produces and sells business forms and other printed products in the United States. The company sells snap sets, continuous forms, laser cut sheets, tags, labels, envelopes, integrated products, jumbo rolls, and pressure sensitive products under the Ennis, Royal Business Forms, Block Graphics, ColorWorx, Enfusion, Uncompromised Check Solutions, VersaSeal, Ad Concepts, FormSource Limited, Star Award Ribbon Company, Witt Printing, Genforms, PrintGraphics, Calibrated Forms, PrintXcel, Printegra, Forms Manufacturers, Mutual Graphics, TRI-C Business Forms, Major Business Systems, Independent Printing, Hayes Graphics, Wright Business Graphics, Wright 360, Integrated Print & Graphics, the Flesh Company, AmeriPrint, Stylecraft, UMC Print, Eagle Graphics, Diamond Graphics, and Printing Technologies labels. It also provides point of purchase advertising under the Adams McClure brand; presentation and document folders under the Admore, Folder Express, and Independent Folders brands; custom printed products, labels, and custom and stock tags under the Ennis Tag & Label brand; custom and stock tags and labels under the Allen-Bailey Tag & Label, Atlas Tag & Label, Kay Toledo Tag, and Special Service Partners brands; custom and imprinted envelopes under the Trade Envelopes, Block Graphics, Wisco, and National Imprint Corporation brands; financial and security documents under the Northstar and General Financial Supply brands; and custom and stock pressure seal documents under the Infoseal and PrintXcel brands. In addition, it offers school photo marketing and national school forms for school portrait photographers and professional photo labs. The company distributes business forms and other business products through business forms distributors, resellers, direct mail, commercial printers, software companies, and advertising agencies. The company was formerly known as Ennis Business Forms, Inc. Ennis, Inc. was founded in 1909 and is headquartered in Midlothian, Texas.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $395M | $68M | $40M | $60M | 13.3% | -6.1% | -5.6% |
| 2024 | $420M | $74M | $43M | $63M | 12.2% | -2.7% | -9.9% |
| 2023 | $432M | $78M | $47M | $42M | 14.3% | 8.0% | 63.2% |
| 2022 | $400M | $61M | $29M | $44M | 9.5% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total Revenue | 400.01 | 431.84 | 420.11 | 394.62 |
| Cost Of Revenue | 285.29 | 300.79 | 294.77 | 277.32 |
| Gross Profit | 114.72 | 131.05 | 125.34 | 117.29 |
| Operating Expense | 71.41 | 70.79 | 68.83 | 65.38 |
| Operating Income | 43.31 | 60.26 | 56.51 | 51.92 |
| EBITDA | 60.73 | 77.61 | 74.02 | 68.48 |
| EBIT | 41.95 | 60.26 | 56.51 | 51.92 |
| Pretax Income | 41.94 | 64.93 | 59.12 | 55.45 |
| Tax Provision | 12.96 | 17.63 | 16.53 | 15.23 |
| Net Income | 28.98 | 47.30 | 42.60 | 40.22 |
| Net Income Common Stockholders | 28.98 | 47.30 | 42.60 | 40.22 |
| Total Expenses | 356.70 | 371.58 | 363.60 | 342.70 |
| Interest Expense | 0.01 | 0 | 0 | 0 |
| Interest Income | 0 | 0.77 | 3.97 | 4.87 |
| Selling General And Administration | 71.41 | 70.79 | 68.83 | 65.38 |
| Normalized EBITDA | 60.46 | 71.72 | 74.08 | 68.43 |
| Normalized Income | 28.79 | 43.01 | 42.64 | 40.18 |
| Basic EPS | 1.11 | 1.83 | 1.65 | 1.55 |
| Diluted EPS | 1.11 | 1.82 | 1.64 | 1.54 |
| Tax Effect Of Unusual Items | 0.08 | 1.60 | -0.01 | 0.02 |
| Tax Rate For Calcs | 0.31 | 0.27 | 0.28 | 0.28 |
| Total Unusual Items | 0.27 | 5.90 | -0.05 | 0.06 |
| Total Unusual Items Excluding Goodwill | 0.27 | 5.90 | -0.05 | 0.06 |
| Net Income From Continuing Operation Net Minority Interest | 28.98 | 47.30 | 42.60 | 40.22 |
| Reconciled Depreciation | 18.78 | 17.36 | 17.51 | 16.57 |
| Reconciled Cost Of Revenue | 285.29 | 300.79 | 294.77 | 277.32 |
| Net Interest Income | -0.01 | 0.77 | 3.97 | 4.87 |
| Net Income From Continuing And Discontinued Operation | 28.98 | 47.30 | 42.60 | 40.22 |
| Total Operating Income As Reported | 43.58 | 66.15 | 56.46 | 51.97 |
| Diluted Average Shares | 26.11 | 25.95 | 25.94 | 26.16 |
| Basic Average Shares | 26.03 | 25.82 | 25.84 | 26.03 |
| Diluted NI Availto Com Stockholders | 28.98 | 47.30 | 42.60 | 40.22 |
| Net Income Including Noncontrolling Interests | 28.98 | 47.30 | 42.60 | 40.22 |
| Net Income Continuous Operations | 28.98 | 47.30 | 42.60 | 40.22 |
| Other Income Expense | -1.36 | 3.90 | -1.36 | -1.33 |
| Other Non Operating Income Expenses | -1.63 | -1.99 | -1.31 | -1.39 |
| Special Income Charges | 0.27 | 5.90 | -0.05 | 0.06 |
| Gain On Sale Of Ppe | 0.27 | 5.90 | -0.05 | 0.06 |
| Net Non Operating Interest Income Expense | -0.01 | 0.77 | 3.97 | 4.87 |
| Interest Expense Non Operating | 0.01 | 0 | 0 | 0 |
| Interest Income Non Operating | 0 | 0.77 | 3.97 | 4.87 |
| Operating Revenue | 400.01 | 431.84 | 420.11 | 394.62 |
Industrials sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Ennis, Inc.this co. | EBF | $521M | 12.41β discount | 1.69 | 13.3% | 7.03 |
| Tejon Ranch Co. | TRC | $531M | - | 1.11 | 0.0% | -291.89 |
| Richtech Robotics Inc. | RR | $530M | - | 1.49 | -5.8% | -8.52 |
| Bowman Consulting Group Ltd. | BWMN | $522M | 41.78 | 2.01 | 4.9% | 16.21 |
| Titan International, Inc. | TWI | $512M | - |
| 0.99 |
| -12.2% |
| 11.47 |
| Pangaea Logistics Solutions Ltd. | PANL | $496M | 25.33 | 1.15 | 4.1% | 10.08 |
| Cryoport, Inc. | CYRX | $492M | - | 1.06 | 15.6% | -89.47 |
| Insteel Industries Inc. | IIIN | $490M | 11.96 | 1.32 | 11.0% | 6.31 |
| Orion Group Holdings, Inc. | ORN | $483M | 54.59 | 3.01 | 1.6% | 15.30 |
| Peer Median | - | 33.56 | 1.24 | 2.8% | 8.20 | |