Forensic Analysis · Industrials / Manufacturing / Defense · as of Sep 16, 2026
Park Ohio Holdings Corp (PKOH)
A forensic read on Park Ohio Holdings Corp built from its complete SEC filings — financial-health screens, earnings quality, red flags and a price-aware rating. Reproducible math, not opinion.
D · Weak — demands caution
Forensic grade
Safe
Financial health
3.9
Distress distance
Clean
Earnings quality
6
Forensic signals
25.2
P / E (ttm)
6.2%
ROE
$678M
Market cap
2.16%
Dividend yield
-3.4%
Revenue growth
This free snapshot doesn't read filing or proxy text, so the auditor-quality and governance checks that can lower a grade were not evaluated (red flags, auditor quality, say on pay, board independence, going concern, valuation). Those checks only ever lower a grade, so the full analysis can land below the grade above but never above it — treat it as the most favourable reading, not the settled one.
Park Ohio Holdings Corp earns a D (Weak — demands caution) forensic quality grade, and its balance-sheet distress test reads 3.9, placing it in the Safe zone. 6 forensic signals were flagged in its latest SEC filings, led by return on invested capital.
What the filings flag
5.8%
FY2025
Return on invested capital.Return on invested capital is 5.8% in the latest fiscal year, against 1% in FY2021, having run between 1.3% and 8.0% across FY2021–FY2025 with no direction held — below the ~9% cost of capital we hold this sector to. If that gap persists through the cycle, incremental reinvestment reduces rather than creates value per share. The capital base behind it barely moved across FY2021–FY2025 ($963M to $1.0B, +6%), so there has been little new capital for that return to be earned on.
+4.6%/yr
FY2022–FY2025
Share-count dilution.Diluted share count changed +15% over the last 3 years to FY2025 (+4.6%/yr). The count is growing: more stock was issued than repurchased over this window, so aggregate results grew faster than their per-share equivalents. That's ~4.6% shaved off per-share growth every year — total profit has to grow that much just to keep earnings-per-share flat, and a stake held since FY2022 has been diluted ~13%.
0.3% of rev
FY2025
Stock-based comp load.Stock-based compensation ran 0.3% of revenue and 275% of free cash flow in FY2025 — about $0.39 per diluted share. No cash left the business to pay it, which is why operating cash flow adds it back. Net of repurchases the diluted count still rose about 4.7% a year and that rate is not falling, so total profit has to grow by that much annually before any of it reaches a share. Stock compensation is one source of that issuance; acquisition consideration, equity raises, convertibles and other employee plans also net into the count, and these figures do not separate them.
116d
FY2024→FY2025
Inventory days.Days inventory outstanding moved from 111 to 116 FY2024→FY2025 (against cost of goods sold; inventory 0% vs -3% in cost of sales). Inventory is building a little faster than sales — watch for markdowns.
Key fundamentals
Latest Revenue$1.60B
Revenue Growth YoY-3.4%
Revenue CAGR (3yr)+2.3%
Net Margin1.5%
Free Cash Flow$2.0M
Return on Equity6.2%
Debt / Equity1.67x
The forensic grade and screens above are free — no account needed. Want the AI investment read on top — the 0–100 rating, thesis, bull-vs-bear, red flags and the 12-month scenario, written from Park Ohio Holdings Corp's actual 10-K/10-Q/8-K filings?
Data from SEC EDGAR public filings · metrics as of Sep 16, 2026. Forensic signals flag probability, not certainty.
Park Ohio Holdings Corp (PKOH) Stock — Forensic Analysis, Red Flags & Rating | Stockonomy · Stockonomy
390% of FCF
FY2025
Shareholder returns.Returned $8M to shareholders (buybacks + dividends) in FY2025 — 390% of free cash flow, but 18% of operating cash flow. Returns run ahead of free cash flow because the business is also funding heavy growth capex (usually debt-financed); the payout itself is covered by operating cash — sustainable as long as that spending is genuine expansion, not upkeep. Counting the $6M of stock-based comp paid out in shares on top of that, the combined claim on free cash flow is 665%.
$5M
FY2021–FY2021
Goodwill impairments.Took $5M of goodwill writedowns across 1 year (FY2021 ($5M)). Writedowns mean past acquisitions underperformed what was paid for them.