Capital Intensity
Score how much of a company is physical plant, inventory, and equipment, whether that base is being maintained, and whether the shares have tangible backing.
Capstone Holding Corp. Common Stock
Physical assets are 47.8% of total assets, a mixed footprint. Capex is 0.41x depreciation and free cash flow yield is weak, which fits a cash drain on aging assets. EBITDA after capex covers debt service by -0.55x, which is below 1.
Energy, materials, and industrial names often turn net PP&E at about 1x to 3x. This name is at 6.27x.
Physical asset ratio
47.8%Physical asset ratio · 2025-12-31(Net PP&E + inventory) / total assetsNet PP&E$7.48MpropertyPlantAndEquipmentNetInventory$17.06MinventoryTotal assets$51.38MtotalAssetsResult 47.8%
Net PP&E plus inventory, divided by total assets. Above 50% is a heavy footprint.
Fixed asset turnover
6.27xFixed asset turnover · 2025-12-31Revenue / net PP&ERevenue$46.88MtotalRevenueNet PP&E$7.48MpropertyPlantAndEquipmentNetResult 6.27x
Revenue per dollar of the physical asset base.
Capex / D&A
0.41xCapex / D&A · 2025-12-31Capital expenditures / depreciation and amortizationCapex$160.00KcapitalExpendituresD&A$391.00KdepreciationAndAmortizationResult 0.41x
Above 1.0x means the physical base is being replaced or expanded.
Tangible book / share
-$44.24Tangible book / share · 2025-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$51.38MtotalAssetsGoodwill$18.46MgoodWillIntangibles$1.84MintangibleAssetsLiabilities$38.93MtotalLiabTangible book-$7.85MShares177,382commonStockSharesOutstandingResult -$44.24
Assets minus goodwill, intangibles, and liabilities, per share.
Price / tangible book
—Price / tangible bookPrice / tangible book per sharePrice$2.73Latest quoteTangible book / share-$44.242025-12-31Tangible book per share is not positive, so the multiple is left blank.Result —
Price $2.73.
Fixed-charge coverage
-0.55xFixed-charge coverage · 2025-12-31(EBITDA − capex) / (interest + short-term debt)EBITDA-$9.78MebitdaCapex$160.00KcapitalExpendituresInterest$3.89MinterestExpenseShort-term debt$14.02MshortLongTermDebtEBITDA − capex-$9.94MPrincipal due is the current portion of debt.Result -0.55x
EBITDA minus capex, divided by interest plus short-term debt.
FCF yield
-182.5%Free cash flow yield · 2025-12-31Latest free cash flow / current market capFree cash flow-$4.57MfreeCashFlowMarket cap$2.51MMarketCapitalizationResult -182.5%
Latest free cash flow divided by current market cap ($2.51M).
ROIC
—ROIC · 2025-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income-$3.58MoperatingIncomeTax expense$7.18MincomeTaxExpensePretax income-$14.05MincomeBeforeTaxTax rate—Equity$12.45MtotalStockholderEquityDebt$28.85MshortLongTermDebtTotalCash$727.00KcashInvested capital$40.58MROIC needs a positive pretax income so an effective tax rate can be calculated.Result —
After-tax operating income over equity plus debt minus cash.
Operating income / net PP&E is -0.48x.
Footprint and return
Turnover and reinvestment
| Year | Physical | FAT | Capex/D&A | TBV/sh | Coverage | FCF | ROIC | EBIT/PP&E |
|---|---|---|---|---|---|---|---|---|
| 2018 | —Physical asset ratio · 2018-12-31(Net PP&E + inventory) / total assetsNet PP&E—Not reportedInventory—Not reportedTotal assets$1.48MtotalAssetsResult — | —Fixed asset turnover · 2018-12-31Revenue / net PP&ERevenue$2.00MtotalRevenueNet PP&E—Not reportedResult — | 0.00xCapex / D&A · 2018-12-31Capital expenditures / depreciation and amortizationCapex$0.00capitalExpendituresD&A$157.00KdepreciationAndAmortizationResult 0.00x | -$707.83Tangible book / share · 2018-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$1.48MtotalAssetsGoodwill$0.00Not reported, treated as 0Intangibles$39.00KintangibleAssetsLiabilities$2.72MtotalLiabTangible book-$1.28MShares1,813commonStockSharesOutstandingGoodwill was not reported and is treated as zero.Result -$707.83 | —Fixed-charge coverage · 2018-12-31(EBITDA − capex) / (interest + short-term debt)EBITDA-$397.00KebitdaCapex$0.00capitalExpendituresInterest$0.00interestExpenseShort-term debt$0.00shortLongTermDebtTotal − longTermDebtEBITDA − capex-$397.00KShort-term debt is total debt minus long-term debt.Result — | $66.00KFree cash flow · 2018-12-31Reported free cash flowOperating cash flow$66.00KtotalCashFromOperatingActivitiesCapex$0.00capitalExpendituresFree cash flow$66.00KfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result $66.00K | —ROIC · 2018-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income-$554.00KoperatingIncomeTax expense-$49.00KincomeTaxExpensePretax income-$802.00KincomeBeforeTaxTax rate—Equity-$1.24MtotalStockholderEquityDebt$2.48MshortLongTermDebtTotalCash$1.34McashInvested capital—ROIC needs a positive pretax income so an effective tax rate can be calculated.Result — | —EBIT / PP&E · 2018-12-31Operating income / net PP&EOperating income-$554.00KoperatingIncomeNet PP&E—Not reportedResult — |
| 2019 | —Physical asset ratio · 2019-12-31(Net PP&E + inventory) / total assetsNet PP&E—Not reportedInventory—Not reportedTotal assets$284.00KtotalAssetsResult — | —Fixed asset turnover · 2019-12-31Revenue / net PP&ERevenue$13.97MtotalRevenueNet PP&E—Not reportedResult — | 0.00xCapex / D&A · 2019-12-31Capital expenditures / depreciation and amortizationCapex$0.00capitalExpendituresD&A$39.00KdepreciationAndAmortizationResult 0.00x | -$2.17KTangible book / share · 2019-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$284.00KtotalAssetsGoodwill$0.00Not reported, treated as 0Intangibles$0.00Not reported, treated as 0Liabilities$4.23MtotalLiabTangible book-$3.94MShares1,813commonStockSharesOutstandingGoodwill was not reported and is treated as zero.Intangibles were not reported and are treated as zero.Result -$2.17K | -2.72xFixed-charge coverage · 2019-12-31(EBITDA − capex) / (interest + short-term debt)EBITDA-$723.00KebitdaCapex$0.00capitalExpendituresInterest$261.00KinterestExpenseShort-term debt$5.00KshortTermDebtEBITDA − capex-$723.00KPrincipal due is short-term debt.Result -2.72x | -$1.68MFree cash flow · 2019-12-31Reported free cash flowOperating cash flow-$1.68MtotalCashFromOperatingActivitiesCapex$0.00capitalExpendituresFree cash flow-$1.68MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result -$1.68M | —ROIC · 2019-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income-$762.00KoperatingIncomeTax expense-$24.00KincomeTaxExpensePretax income-$1.02MincomeBeforeTaxTax rate—Equity-$3.30MtotalStockholderEquityDebt$3.07MshortLongTermDebtTotalCash$17.00KcashInvested capital—ROIC needs a positive pretax income so an effective tax rate can be calculated.Result — | —EBIT / PP&E · 2019-12-31Operating income / net PP&EOperating income-$762.00KoperatingIncomeNet PP&E—Not reportedResult — |
| 2020 | 31.1%Physical asset ratio · 2020-12-31(Net PP&E + inventory) / total assetsNet PP&E$6.09MpropertyPlantAndEquipmentNetInventory$10.99MinventoryTotal assets$54.87MtotalAssetsResult 31.1% | 7.46xFixed asset turnover · 2020-12-31Revenue / net PP&ERevenue$45.45MtotalRevenueNet PP&E$6.09MpropertyPlantAndEquipmentNetResult 7.46x | 0.01xCapex / D&A · 2020-12-31Capital expenditures / depreciation and amortizationCapex$3.00KcapitalExpendituresD&A$245.00KdepreciationAndAmortizationResult 0.01x | $2.05KTangible book / share · 2020-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$54.87MtotalAssetsGoodwill$0.00Not reported, treated as 0Intangibles$23.70MintangibleAssetsLiabilities$25.77MtotalLiabTangible book$5.41MShares2,643commonStockSharesOutstandingGoodwill was not reported and is treated as zero.Result $2.05K | 0.37xFixed-charge coverage · 2020-12-31(EBITDA − capex) / (interest + short-term debt)EBITDA$2.64MebitdaCapex$3.00KcapitalExpendituresInterest$710.00KinterestExpenseShort-term debt$6.44MshortLongTermDebtEBITDA − capex$2.64MPrincipal due is the current portion of debt.Result 0.37x | $639.00KFree cash flow · 2020-12-31Reported free cash flowOperating cash flow$642.00KtotalCashFromOperatingActivitiesCapex$3.00KcapitalExpendituresFree cash flow$639.00KfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result $639.00K | 4.8%ROIC · 2020-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income$2.40MoperatingIncomeTax expense-$8.49MincomeTaxExpensePretax income$1.69MincomeBeforeTaxTax rate0.0%Equity$29.11MtotalStockholderEquityDebt$20.81MshortLongTermDebtTotalCash$1.00cashAndShortTermInvestmentsInvested capital$49.91MResult 4.8% | 0.39xEBIT / PP&E · 2020-12-31Operating income / net PP&EOperating income$2.40MoperatingIncomeNet PP&E$6.09MpropertyPlantAndEquipmentNetResult 0.39x |
| 2021 | 27.7%Physical asset ratio · 2021-12-31(Net PP&E + inventory) / total assetsNet PP&E$5.93MpropertyPlantAndEquipmentNetInventory$10.95MinventoryTotal assets$60.85MtotalAssetsResult 27.7% | 11.25xFixed asset turnover · 2021-12-31Revenue / net PP&ERevenue$66.74MtotalRevenueNet PP&E$5.93MpropertyPlantAndEquipmentNetResult 11.25x | 3.04xCapex / D&A · 2021-12-31Capital expenditures / depreciation and amortizationCapex$1.17McapitalExpendituresD&A$386.00KdepreciationAndAmortizationResult 3.04x | $2.13KTangible book / share · 2021-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$60.85MtotalAssetsGoodwill$23.29MgoodWillIntangibles$160.00KintangibleAssetsLiabilities$31.78MtotalLiabTangible book$5.63MShares2,643commonStockSharesOutstandingResult $2.13K | 0.68xFixed-charge coverage · 2021-12-31(EBITDA − capex) / (interest + short-term debt)EBITDA$5.80MebitdaCapex$1.17McapitalExpendituresInterest$1.06MinterestExpenseShort-term debt$5.71MshortLongTermDebtEBITDA − capex$4.63MPrincipal due is the current portion of debt.Result 0.68x | $2.55MFree cash flow · 2021-12-31Reported free cash flowOperating cash flow$3.72MtotalCashFromOperatingActivitiesCapex$1.17McapitalExpendituresFree cash flow$2.55MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result $2.55M | 7.3%ROIC · 2021-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income$4.64MoperatingIncomeTax expense$436.00KincomeTaxExpensePretax income$4.36MincomeBeforeTaxTax rate10.0%Equity$29.08MtotalStockholderEquityDebt$28.34MshortLongTermDebtTotalCash$50.00KcashInvested capital$57.37MResult 7.3% | 0.78xEBIT / PP&E · 2021-12-31Operating income / net PP&EOperating income$4.64MoperatingIncomeNet PP&E$5.93MpropertyPlantAndEquipmentNetResult 0.78x |
| 2022 | 32.6%Physical asset ratio · 2022-12-31(Net PP&E + inventory) / total assetsNet PP&E$5.25MpropertyPlantAndEquipmentNetInventory$16.00MinventoryTotal assets$65.21MtotalAssetsResult 32.6% | 11.72xFixed asset turnover · 2022-12-31Revenue / net PP&ERevenue$61.56MtotalRevenueNet PP&E$5.25MpropertyPlantAndEquipmentNetResult 11.72x | 0.72xCapex / D&A · 2022-12-31Capital expenditures / depreciation and amortizationCapex$173.00KcapitalExpendituresD&A$241.00KdepreciationAndAmortizationResult 0.72x | -$2.88KTangible book / share · 2022-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$65.21MtotalAssetsGoodwill$23.29MgoodWillIntangibles$23.00KintangibleAssetsLiabilities$57.04MtotalLiabTangible book-$15.14MShares5,254commonStockSharesOutstandingResult -$2.88K | 0.44xFixed-charge coverage · 2022-12-31(EBITDA − capex) / (interest + short-term debt)EBITDA$4.23MebitdaCapex$173.00KcapitalExpendituresInterest$895.00KinterestExpenseShort-term debt$8.37MshortLongTermDebtEBITDA − capex$4.06MPrincipal due is the current portion of debt.Result 0.44x | -$3.06MFree cash flow · 2022-12-31Reported free cash flowOperating cash flow-$2.89MtotalCashFromOperatingActivitiesCapex$173.00KcapitalExpendituresFree cash flow-$3.06MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result -$3.06M | 8.1%ROIC · 2022-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income$3.99MoperatingIncomeTax expense$783.00KincomeTaxExpensePretax income$3.10MincomeBeforeTaxTax rate25.3%Equity$8.17MtotalStockholderEquityDebt$28.80MshortLongTermDebtTotalCash$23.00KcashInvested capital$36.95MResult 8.1% | 0.76xEBIT / PP&E · 2022-12-31Operating income / net PP&EOperating income$3.99MoperatingIncomeNet PP&E$5.25MpropertyPlantAndEquipmentNetResult 0.76x |
| 2023 | 33.2%Physical asset ratio · 2023-12-31(Net PP&E + inventory) / total assetsNet PP&E$4.68MpropertyPlantAndEquipmentNetInventory$12.84MinventoryTotal assets$52.70MtotalAssetsResult 33.2% | 10.34xFixed asset turnover · 2023-12-31Revenue / net PP&ERevenue$48.35MtotalRevenueNet PP&E$4.68MpropertyPlantAndEquipmentNetResult 10.34x | 0.45xCapex / D&A · 2023-12-31Capital expenditures / depreciation and amortizationCapex$208.00KcapitalExpendituresD&A$461.00KdepreciationAndAmortizationResult 0.45x | -$3.97KTangible book / share · 2023-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$52.70MtotalAssetsGoodwill$23.29MgoodWillIntangibles$10.00KintangibleAssetsLiabilities$50.26MtotalLiabTangible book-$20.86MShares5,254commonStockSharesOutstandingResult -$3.97K | -0.14xFixed-charge coverage · 2023-12-31(EBITDA − capex) / (interest + short-term debt)EBITDA-$1.60MebitdaCapex$208.00KcapitalExpendituresInterest$1.53MinterestExpenseShort-term debt$11.18MshortLongTermDebtEBITDA − capex-$1.80MPrincipal due is the current portion of debt.Result -0.14x | $1.44MFree cash flow · 2023-12-31Reported free cash flowOperating cash flow$1.65MtotalCashFromOperatingActivitiesCapex$208.00KcapitalExpendituresFree cash flow$1.44MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result $1.44M | —ROIC · 2023-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income-$1.26MoperatingIncomeTax expense$234.00KincomeTaxExpensePretax income-$3.59MincomeBeforeTaxTax rate—Equity$2.44MtotalStockholderEquityDebt$20.33MshortLongTermDebtTotalCash$52.00KcashInvested capital$22.71MROIC needs a positive pretax income so an effective tax rate can be calculated.Result — | -0.27xEBIT / PP&E · 2023-12-31Operating income / net PP&EOperating income-$1.26MoperatingIncomeNet PP&E$4.68MpropertyPlantAndEquipmentNetResult -0.27x |
| 2024 | 27.8%Physical asset ratio · 2024-12-31(Net PP&E + inventory) / total assetsNet PP&E$3.66MpropertyPlantAndEquipmentNetInventory$9.47MinventoryTotal assets$47.22MtotalAssetsResult 27.8% | 12.25xFixed asset turnover · 2024-12-31Revenue / net PP&ERevenue$44.88MtotalRevenueNet PP&E$3.66MpropertyPlantAndEquipmentNetResult 12.25x | 0.23xCapex / D&A · 2024-12-31Capital expenditures / depreciation and amortizationCapex$120.00KcapitalExpendituresD&A$517.00KdepreciationAndAmortizationResult 0.23x | -$5.02KTangible book / share · 2024-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$47.22MtotalAssetsGoodwill$23.29MgoodWillIntangibles$48.00KintangibleAssetsLiabilities$50.28MtotalLiabTangible book-$26.39MShares5,254commonStockSharesOutstandingResult -$5.02K | -0.12xFixed-charge coverage · 2024-12-31(EBITDA − capex) / (interest + short-term debt)EBITDA-$1.01MebitdaCapex$120.00KcapitalExpendituresInterest$1.48MinterestExpenseShort-term debt$8.11MshortLongTermDebtEBITDA − capex-$1.13MPrincipal due is the current portion of debt.Result -0.12x | $3.70MFree cash flow · 2024-12-31Reported free cash flowOperating cash flow$3.82MtotalCashFromOperatingActivitiesCapex$120.00KcapitalExpendituresFree cash flow$3.70MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result $3.70M | —ROIC · 2024-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income-$638.00KoperatingIncomeTax expense-$442.00KincomeTaxExpensePretax income-$3.01MincomeBeforeTaxTax rate—Equity-$3.06MtotalStockholderEquityDebt$16.61MshortLongTermDebtTotalCash$11.00KcashInvested capital$13.54MROIC needs a positive pretax income so an effective tax rate can be calculated.Result — | -0.17xEBIT / PP&E · 2024-12-31Operating income / net PP&EOperating income-$638.00KoperatingIncomeNet PP&E$3.66MpropertyPlantAndEquipmentNetResult -0.17x |
| 2025 | 47.8%Physical asset ratio · 2025-12-31(Net PP&E + inventory) / total assetsNet PP&E$7.48MpropertyPlantAndEquipmentNetInventory$17.06MinventoryTotal assets$51.38MtotalAssetsResult 47.8% | 6.27xFixed asset turnover · 2025-12-31Revenue / net PP&ERevenue$46.88MtotalRevenueNet PP&E$7.48MpropertyPlantAndEquipmentNetResult 6.27x | 0.41xCapex / D&A · 2025-12-31Capital expenditures / depreciation and amortizationCapex$160.00KcapitalExpendituresD&A$391.00KdepreciationAndAmortizationResult 0.41x | -$44.24Tangible book / share · 2025-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$51.38MtotalAssetsGoodwill$18.46MgoodWillIntangibles$1.84MintangibleAssetsLiabilities$38.93MtotalLiabTangible book-$7.85MShares177,382commonStockSharesOutstandingResult -$44.24 | -0.55xFixed-charge coverage · 2025-12-31(EBITDA − capex) / (interest + short-term debt)EBITDA-$9.78MebitdaCapex$160.00KcapitalExpendituresInterest$3.89MinterestExpenseShort-term debt$14.02MshortLongTermDebtEBITDA − capex-$9.94MPrincipal due is the current portion of debt.Result -0.55x | -$4.57MFree cash flow · 2025-12-31Reported free cash flowOperating cash flow-$4.41MtotalCashFromOperatingActivitiesCapex$160.00KcapitalExpendituresFree cash flow-$4.57MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result -$4.57M | —ROIC · 2025-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income-$3.58MoperatingIncomeTax expense$7.18MincomeTaxExpensePretax income-$14.05MincomeBeforeTaxTax rate—Equity$12.45MtotalStockholderEquityDebt$28.85MshortLongTermDebtTotalCash$727.00KcashInvested capital$40.58MROIC needs a positive pretax income so an effective tax rate can be calculated.Result — | -0.48xEBIT / PP&E · 2025-12-31Operating income / net PP&EOperating income-$3.58MoperatingIncomeNet PP&E$7.48MpropertyPlantAndEquipmentNetResult -0.48x |
- Principal due is the current portion of debt.
Latest year inputs (2025)
Net PP&E: $7.48M
Inventory: $17.06M
Total assets: $51.38M
Goodwill: $18.46M
Intangibles: $1.84M
Liabilities: $38.93M
Tangible book: -$7.85M
Shares: 177,382
Revenue: $46.88M
Capex: $160.00K
D&A: $391.00K
EBITDA: -$9.78M
Interest: $3.89M
Short-term debt: $14.02M
Free cash flow: -$4.57M
Operating income: -$3.58M
Invested capital: $40.58M
Tax rate: —