Daktronics, Inc. (DAKT) Margin Analysis

Daktronics, Inc.

DAKT (NASDAQ)

(%)

Models
Daktronics, Inc. Margin Analysis

# --- Years and Quarters
assumptions.set({
    "timeseries": "annual",
    "data": {
        "#years": """
            4
        """,
        "#quarters": """
            8
        """,
    },
    "titles": {
        "#years": "Years",
        "#quarters": "Quarters",
    },
    "properties": {
        "width": "responsive",
        "title": "Years and Quarters",
        "id": "component-1",
        "bindTo": None
    },
    "descriptions": {
        "#years": r"""
The number of historical years used to render the annual chart and tables.
        """,
        "#quarters": r"""
The number of historical quarters used to render the quarterly chart and tables.
        """,
    }
})

# Render description block
model.render_description({
    "data": r"""
## Margin Analysis Report

Margins refer to the ratio between a financial report item and the revenue (example: Net Income Margin = Net Income / Revenue).

This analysis provides annual and quarterly sections for reporting key financial margins.
""",
    "properties": {
        "width": "responsive"
    }
})

# Render description block
model.render_description({
    "data": r"""
## Annual Section

The annual section uses annual data to calculate margins and growth rates.
""",
    "properties": {
        "width": "full"
    }
})

# --- Income Statement Margins
data.compute({
    "user:%revenueGrowthRate": """
        ( income:revenue / income:revenue:-1 ) - 1
    """,
    "user:%grossMargin": """
        income:grossProfit / income:revenue
    """,
    "user:%operatingMargin": """
        income:operatingIncome / income:revenue
    """,
    "user:%netMargin": """
        income:netIncome / income:revenue
    """,
}, forecast=0, timeseries="annual")

model.render_table({
    "timeseries": "annual",
    "data": {
        "income:revenue": "Revenue",
        "user:%revenueGrowthRate": "Revenue Growth Rate",
        "income:costOfRevenue": "Cost of Revenue",
        "income:grossProfit": "Gross Profit",
        "user:%grossMargin": "Gross Margin",
        "income:operatingIncome": "Operating Income",
        "user:%operatingMargin": "Operating Margin",
        "income:netIncome": "Net Income",
        "user:%netMargin": "Net Margin",
    },
    "start": data.get("""
        -assumption:#years
    """),
    "end": 0,
    "properties": {
        "title": "Income Statement Margins",
        "order": "descending",
        "number_format": "M",
        "include_ltm": True,
        "display_averages": False,
        "width": "responsive"
    }
})

# --- Cash Flow Statement Margins
data.compute({
    "user:%cashFromOperatingActivitiesMargin": """
        flow:netCashProvidedByOperatingActivities / income:revenue
    """,
    "user:%freeCashFlowMargin": """
        flow:freeCashFlow / income:revenue
    """,
    "user:%depreciationAndAmortizationMargin": """
        flow:depreciationAndAmortization / income:revenue
    """,
    "user:%capitalExpenditureMargin": """
        flow:capitalExpenditure / income:revenue
    """,
}, forecast=0, timeseries="annual")

model.render_table({
    "timeseries": "annual",
    "data": {
        "income:revenue": "Revenue",
        "flow:netCashProvidedByOperatingActivities": "Cash from Operating Activities",
        "user:%cashFromOperatingActivitiesMargin": "Cash from Operating Activities Margin",
        "flow:freeCashFlow": "Free Cash Flow",
        "user:%freeCashFlowMargin": "Free Cash Flow Margin",
        "flow:depreciationAndAmortization": "Depreciation and Amortization",
        "user:%depreciationAndAmortizationMargin": "Depreciation and Amortization Margin",
        "flow:capitalExpenditure": "Capital Expenditure",
        "user:%capitalExpenditureMargin": "Capital Expenditure Margin",
    },
    "start": data.get("""
        -assumption:#years
    """),
    "end": 0,
    "properties": {
        "title": "Cash Flow Statement Margins",
        "order": "descending",
        "number_format": "M",
        "include_ltm": True,
        "display_averages": False,
        "width": "responsive"
    }
})

model.render_chart({
    "timeseries": "annual",
    "data": {
        "user:%grossMargin": "Gross Margin",
        "user:%operatingMargin": "Operating Margin",
        "user:%netMargin": "Net Margin",
        "user:%freeCashFlowMargin": "Free Cash Flow Margin",
    },
    "start": data.get("""
        -assumption:#years
    """),
    "end": 0,
    "properties": {
        "title": "Annual Chart",
        "include_ltm": False,
        "set_editable": [],
        "hidden_keys": [],
        "bar_keys": ["user:%grossMargin", "user:%operatingMargin", "user:%netMargin", "user:%freeCashFlowMargin"],
        "width": "full"
    }
})

# Render description block
model.render_description({
    "data": r"""
## Quarterly Section

The quarterly section uses quarterly data to calculate margins and growth rates.
""",
    "properties": {
        "width": "full"
    }
})

model.render_table({
    "timeseries": "quarterly",
    "data": {
        "income:revenue": "Revenue",
        "user:%revenueGrowthRate": "Revenue Growth Rate",
        "income:costOfRevenue": "Cost of Revenue",
        "income:grossProfit": "Gross Profit",
        "user:%grossMargin": "Gross Margin",
        "income:operatingIncome": "Operating Income",
        "user:%operatingMargin": "Operating Margin",
        "income:netIncome": "Net Income",
        "user:%netMargin": "Net Margin",
    },
    "start": data.get("""
        -assumption:#quarters
    """),
    "end": 0,
    "properties": {
        "title": "Income Statement Margins",
        "order": "descending",
        "number_format": "M",
        "display_averages": False,
        "width": "responsive"
    }
})

model.render_table({
    "timeseries": "quarterly",
    "data": {
        "income:revenue": "Revenue",
        "flow:netCashProvidedByOperatingActivities": "Cash from Operating Activities",
        "user:%cashFromOperatingActivitiesMargin": "Cash from Operating Activities Margin",
        "flow:freeCashFlow": "Free Cash Flow",
        "user:%freeCashFlowMargin": "Free Cash Flow Margin",
        "flow:depreciationAndAmortization": "Depreciation and Amortization",
        "user:%depreciationAndAmortizationMargin": "Depreciation and Amortization Margin",
        "flow:capitalExpenditure": "Capital Expenditure",
        "user:%capitalExpenditureMargin": "Capital Expenditure Margin",
    },
    "start": data.get("""
        -assumption:#quarters
    """),
    "end": 0,
    "properties": {
        "title": "Cash Flow Statement Margins",
        "order": "descending",
        "number_format": "M",
        "display_averages": False,
        "width": "responsive"
    }
})

model.render_chart({
    "timeseries": "quarterly",
    "data": {
        "user:%grossMargin": "Gross Margin",
        "user:%operatingMargin": "Operating Margin",
        "user:%netMargin": "Net Margin",
        "user:%freeCashFlowMargin": "Free Cash Flow Margin",
    },
    "start": data.get("""
        -assumption:#quarters
    """),
    "end": 0,
    "properties": {
        "title": "Quarterly Chart",
        "set_editable": [],
        "hidden_keys": [],
        "bar_keys": ["user:%grossMargin", "user:%operatingMargin", "user:%netMargin", "user:%freeCashFlowMargin"],
        "width": "full"
    }
})

Years and Quarters

Years Years The number of historical years used to render the annual chart and tables.	#
Quarters Quarters The number of historical quarters used to render the quarterly chart and tables.	#

Margin Analysis Report

Margins refer to the ratio between a financial report item and the revenue (example: Net Income Margin = Net Income / Revenue).

This analysis provides annual and quarterly sections for reporting key financial margins.

Annual Section

The annual section uses annual data to calculate margins and growth rates.

Income Statement Margins

Monetary values in USD amounts except #	LTM Mar 21	2025 Apr 30	2024 Apr 30	2023 Apr 30	2022 Apr 30
Revenue	802.6	756.5	818.1	754.2	611
Revenue Growth Rate	6.1%	-7.53%	8.47%	23.44%	26.75%
Cost of Revenue	589	561	595.6	602.8	494.3
Gross Profit	213.7	195.5	222.4	151.4	116.7
Gross Margin	26.62%	25.84%	27.19%	20.07%	19.1%
Operating Income	45.02	33.12	87.11	30.54	4.05
Operating Margin	5.61%	4.38%	10.65%	4.05%	0.662%
Net Income	27.54	-10.12	34.62	6.8	0.592
Net Margin	3.43%	-1.34%	4.23%	0.902%	0.097%

Cash Flow Statement Margins

Monetary values in USD amounts except #	LTM Mar 21	2025 Apr 30	2024 Apr 30	2023 Apr 30	2022 Apr 30
Revenue	802.6	756.5	818.1	754.2	611
Cash from Operating Activities	77.2	97.71	63.24	15.02	-27.04
Cash from Operating Activities Margin	9.62%	12.92%	7.73%	1.99%	-4.42%
Free Cash Flow	61.98	78.22	46.26	-10.36	-47.41
Free Cash Flow Margin	7.72%	10.34%	5.66%	-1.37%	-7.76%
Depreciation and Amortization	14.74	19.55	19.29	16.99	15.39
Depreciation and Amortization Margin	1.84%	2.58%	2.36%	2.25%	2.52%
Capital Expenditure	-15.22	-19.49	-16.98	-25.39	-20.38
Capital Expenditure Margin	-1.9%	-2.58%	-2.08%	-3.37%	-3.33%

Annual Chart

Monetary values in USD

{"sectionId": "section-chart-1", "sectionType": "chart", "title": "Annual Chart", "timeseries": "annual", "series": [{"label": "Gross Margin", "mappingKey": "user:%grossMargin", "data": [{"l": "2022", "x": "2022-04-30", "y": 19.1}, {"l": "2023", "x": "2023-04-30", "y": 20.07}, {"l": "2024", "x": "2024-04-30", "y": 27.19}, {"l": "2025", "x": "2025-04-30", "y": 25.84}], "dataType": "%", "displayAs": "bar", "dataTimeseries": "annual", "hidden": false}, {"label": "Operating Margin", "mappingKey": "user:%operatingMargin", "data": [{"l": "2022", "x": "2022-04-30", "y": 0.662}, {"l": "2023", "x": "2023-04-30", "y": 4.05}, {"l": "2024", "x": "2024-04-30", "y": 10.65}, {"l": "2025", "x": "2025-04-30", "y": 4.38}], "dataType": "%", "displayAs": "bar", "dataTimeseries": "annual", "hidden": false}, {"label": "Net Margin", "mappingKey": "user:%netMargin", "data": [{"l": "2022", "x": "2022-04-30", "y": 0.097}, {"l": "2023", "x": "2023-04-30", "y": 0.902}, {"l": "2024", "x": "2024-04-30", "y": 4.23}, {"l": "2025", "x": "2025-04-30", "y": -1.34}], "dataType": "%", "displayAs": "bar", "dataTimeseries": "annual", "hidden": false}, {"label": "Free Cash Flow Margin", "mappingKey": "user:%freeCashFlowMargin", "data": [{"l": "2022", "x": "2022-04-30", "y": -7.76}, {"l": "2023", "x": "2023-04-30", "y": -1.37}, {"l": "2024", "x": "2024-04-30", "y": 5.65}, {"l": "2025", "x": "2025-04-30", "y": 10.34}], "dataType": "%", "displayAs": "bar", "dataTimeseries": "annual", "hidden": false}], "editableDates": {}, "properties": {"display_table": false}, "width": "full"}

Quarterly Section

The quarterly section uses quarterly data to calculate margins and growth rates.

Income Statement Margins

Monetary values in USD amounts except #	2026 (Q3) Jan 31	2026 (Q2) Nov 01	2026 (Q1) Aug 02	2025 (Q4) Apr 30	2025 (Q3) Jan 25	2025 (Q2) Oct 26
Revenue	181.9	229.3	219	172.6	149.5	208.3
Revenue Growth Rate	-20.67%	4.7%	26.9%	15.41%	-28.24%
Cost of Revenue	138.2	167.4	153.9	129.4	112.7	152.5
Gross Profit	43.63	61.83	65.07	43.15	36.78	55.86
Gross Margin	23.99%	26.97%	29.72%	25%	24.6%	26.81%
Operating Income	1.92	21.56	23.27	-1.74	-3.63	15.77
Operating Margin	1.06%	9.41%	10.63%	-1.01%	-2.43%	7.57%
Net Income	3.01	17.48	16.47	-9.43	-17.16	21.41
Net Margin	1.65%	7.62%	7.52%	-5.46%	-11.48%	10.27%

Cash Flow Statement Margins

Monetary values in USD amounts except #	2026 (Q3) Jan 31	2026 (Q2) Nov 01	2026 (Q1) Aug 02	2025 (Q4) Apr 30	2025 (Q3) Jan 25	2025 (Q2) Oct 26
Revenue	181.9	229.3	219	172.6	149.5	208.3
Cash from Operating Activities	11.72	16.51	26.1	22.87	12.02	43.34
Cash from Operating Activities Margin	6.44%	7.2%	11.92%	13.26%	8.04%	20.8%
Free Cash Flow	8.08	14.04	21.81	18.05	7.82	37.95
Free Cash Flow Margin	4.45%	6.12%	9.96%	10.46%	5.23%	18.22%
Depreciation and Amortization	5.15	4.78	4.8	0	4.91	4.9
Depreciation and Amortization Margin	2.83%	2.09%	2.19%	0%	3.29%	2.35%
Capital Expenditure	-3.63	-2.47	-4.29	-4.83	-4.2	-5.38
Capital Expenditure Margin	-2%	-1.08%	-1.96%	-2.8%	-2.81%	-2.58%

Quarterly Chart

Monetary values in USD

{"sectionId": "section-chart-2", "sectionType": "chart", "title": "Quarterly Chart", "timeseries": "quarterly", "series": [{"label": "Gross Margin", "mappingKey": "user:%grossMargin", "data": [{"l": "2025 (Q2)", "x": "2024-10-26", "y": 26.81}, {"l": "2025 (Q3)", "x": "2025-01-25", "y": 24.6}, {"l": "2025 (Q4)", "x": "2025-04-30", "y": 25}, {"l": "2026 (Q1)", "x": "2025-08-02", "y": 29.72}, {"l": "2026 (Q2)", "x": "2025-11-01", "y": 26.97}, {"l": "2026 (Q3)", "x": "2026-01-31", "y": 23.99}], "dataType": "%", "displayAs": "bar", "dataTimeseries": "quarterly", "hidden": false}, {"label": "Operating Margin", "mappingKey": "user:%operatingMargin", "data": [{"l": "2025 (Q2)", "x": "2024-10-26", "y": 7.57}, {"l": "2025 (Q3)", "x": "2025-01-25", "y": -2.43}, {"l": "2025 (Q4)", "x": "2025-04-30", "y": -1.01}, {"l": "2026 (Q1)", "x": "2025-08-02", "y": 10.63}, {"l": "2026 (Q2)", "x": "2025-11-01", "y": 9.41}, {"l": "2026 (Q3)", "x": "2026-01-31", "y": 1.06}], "dataType": "%", "displayAs": "bar", "dataTimeseries": "quarterly", "hidden": false}, {"label": "Net Margin", "mappingKey": "user:%netMargin", "data": [{"l": "2025 (Q2)", "x": "2024-10-26", "y": 10.27}, {"l": "2025 (Q3)", "x": "2025-01-25", "y": -11.48}, {"l": "2025 (Q4)", "x": "2025-04-30", "y": -5.46}, {"l": "2026 (Q1)", "x": "2025-08-02", "y": 7.52}, {"l": "2026 (Q2)", "x": "2025-11-01", "y": 7.63}, {"l": "2026 (Q3)", "x": "2026-01-31", "y": 1.66}], "dataType": "%", "displayAs": "bar", "dataTimeseries": "quarterly", "hidden": false}, {"label": "Free Cash Flow Margin", "mappingKey": "user:%freeCashFlowMargin", "data": [{"l": "2025 (Q2)", "x": "2024-10-26", "y": 18.22}, {"l": "2025 (Q3)", "x": "2025-01-25", "y": 5.23}, {"l": "2025 (Q4)", "x": "2025-04-30", "y": 10.46}, {"l": "2026 (Q1)", "x": "2025-08-02", "y": 9.96}, {"l": "2026 (Q2)", "x": "2025-11-01", "y": 6.12}, {"l": "2026 (Q3)", "x": "2026-01-31", "y": 4.44}], "dataType": "%", "displayAs": "bar", "dataTimeseries": "quarterly", "hidden": false}], "editableDates": {}, "properties": {"display_table": false}, "width": "full"}