A Business at a Glance
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BARNWELL INDUSTRIES INC
BRN
$11M
Mkt Cap
$1.07
+0.94%
BARNWELL INDUSTRIES INC (BRN) has a 5-year average return on invested capital (ROIC) of 61.2%. This indicates strong capital allocation and a potential competitive advantage.
BARNWELL INDUSTRIES INC (BRN) has a market capitalization of $14M. It is classified as a small-cap stock.
BARNWELL INDUSTRIES INC (BRN) does not currently pay a regular dividend.
BARNWELL INDUSTRIES INC (BRN) operates in the Crude Petroleum & Natural Gas industry, within the Energy sector.
BARNWELL INDUSTRIES INC (BRN) reported annual revenue of $14 million in its most recent fiscal year, based on SEC EDGAR filings.
BARNWELL INDUSTRIES INC (BRN) has a net profit margin of -51.9%. The company is currently unprofitable.
BARNWELL INDUSTRIES INC (BRN) generated $-2 million in free cash flow in its most recent fiscal year. Negative free cash flow may indicate heavy investment or operational challenges.
Barnwell was incorporated in Delaware in 1956 and fiscal 2025 represented Barnwell’s 69th year of operations. Barnwell operates in the following two principal business segments: •Oil and Natural Gas Segment - Barnwell engages in oil and natural gas development, production, acquisitions and sales in Canada and in the U.S. •Land Investment Segment - Barnwell owns land interests in the State of Hawaii. Discontinued Operations On March 14, 2025, the Company entered into and completed the sale of its wholly-owned subsidiary, Water Resources International, Inc. (“Water Resources”). Water Resources drills water wells and installs and repairs water pumping systems in the State of Hawaii and represented Barnwell's contract drilling segment. As a result of the sale, the Company has classified the related assets, liabilities and the results of its contract drilling business as discontinued operations in the consolidated financial statements for all periods presented.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 12M | 14M | 18M | 25M | 29M | 18M |
| Net Income | -6.6M | -7.1M | -5.6M | -961K | 5.5M | 6.3M |
| EPS | $-0.62 | $-0.71 | $-0.56 | $-0.10 | $0.57 | $0.73 |
| Free Cash Flow | 0 | -2.0M | 482K | -11M | -6.5M | -2.3M |
| ROIC | 7.0% | - | 2.5% | 46.4% | 171.5% | 24.7% |
| Gross Margin | - | 22.3% | 29.8% | 41.6% | 49.0% | 55.5% |
| Debt/Equity | 0.00 | 1.97 | 1.35 | 0.00 | 0.00 | 0.00 |
| Dividends/Share | $0.00 | - | $0.00 | $0.06 | $0.02 | $0.00 |
| Operating Income | 404K | - | 303K | 5.2M | 12M | 6.3M |
| Operating Margin | 3.4% | - | 1.7% | 20.5% | 40.7% | 35.0% |
| ROE | -81.0% | -70.9% | -35.0% | -5.1% | 38.5% | 167.8% |
| Shares Outstanding | 13M | 10M | 10M | 10M | 10M | 9M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 31M | 18M | 14M | 13M | 9.4M | 12M | 18M | 18M | 29M | 25M | 18M | 14M | 12M |
| Gross Margin | 50.0% | 63.6% | 53.2% | 76.8% | 61.0% | N/A | 16.0% | 55.5% | 49.0% | 41.6% | 29.8% | 22.3% | N/A |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | 8.0M | 8.6M | 6.7M | 7.0M | 6.3M | 5.5M | 5.8M | 7.1M | 8.0M | 7.0M | 5.1M | 6.9M | 7.3M |
| EBIT | 7.7M | 10M | 542K | 5.8M | 3.9M | -6.9M | 779K | 6.3M | 12M | 5.2M | 303K | N/A | 404K |
| Op. Margin | 24.4% | 58.2% | 4.0% | 44.9% | 41.3% | -57.2% | 4.2% | 35.0% | 40.7% | 20.5% | 1.7% | N/A | 3.4% |
| Net Income | 672K | 1.3M | -3.6M | 1.2M | -1.8M | -12M | -4.8M | 6.3M | 5.5M | -961K | -5.6M | -7.1M | -6.6M |
| Net Margin | 2.1% | 7.2% | -26.5% | 9.0% | -18.9% | -102.8% | -25.9% | 34.5% | 19.3% | -3.8% | -30.8% | -51.9% | -55.3% |
| Non-Recurring | 0 | 6.8M | 1.2M | 682K | 202K | 5.7M | 5.7M | 2.6M | 89K | 551K | 2.9M | 229K | 229K |
| Returns on Capital | |||||||||||||
| ROIC | 27.6% | 55.3% | 1.4% | 38.4% | 19.1% | -29.8% | 4.7% | 24.7% | 171.5% | 46.4% | 2.5% | N/A | 7.0% |
| ROE | 3.3% | 6.7% | -22.7% | 7.7% | -10.6% | -143.9% | N/A | 167.8% | 38.5% | -5.1% | -35.0% | -70.9% | -81.0% |
| ROA | 1.1% | 2.6% | -9.9% | 3.6% | -5.5% | -50.0% | -28.4% | 31.6% | 17.9% | -2.6% | -16.8% | -27.6% | -30.8% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 5.6M | -7.1M | 1.8M | -2.1M | -5.1M | -2.1M | 750K | 831K | 7.3M | 1.9M | 4.7M | -1.8M | -2.8M |
| Free Cash Flow | 2.0M | -8.8M | 774K | -2.9M | -5.8M | -3.4M | -2.8M | -2.3M | -6.5M | -11M | 482K | -2.0M | 0 |
| Owner Earnings | -1.2M | -11M | 141K | -3.3M | -6.3M | -5.2M | -1.4M | -775K | 3.9M | -2.8M | -448K | -5.3M | -6.0M |
| CapEx | 3.6M | 1.7M | 996K | 807K | 750K | 1.3M | 3.5M | 3.1M | 14M | 13M | 4.2M | 254K | 0 |
| Maint. CapEx | 6.4M | 3.4M | 1.6M | 1.2M | 1.1M | 3.0M | 2.1M | 963K | 2.8M | 4.5M | 5.0M | 3.1M | 2.8M |
| Growth CapEx | 0 | 0 | 0 | 0 | 0 | 0 | 1.4M | 2.1M | 11M | 8.1M | 0 | 0 | 0 |
| D&A | 6.4M | 3.4M | 1.6M | 1.2M | 1.1M | 3.0M | 2.1M | 963K | 2.8M | 4.5M | 5.0M | 3.1M | 2.8M |
| CapEx/OCF | 64.2% | N/A | 56.3% | N/A | N/A | N/A | 468.5% | 372.0% | 189.3% | 645.4% | N/A | N/A | 0.0% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 149K | 599K | 0 | 0 | 0 |
| Dividend Yield | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.6% | 2.3% | N/A | N/A | N/A |
| Share Buybacks | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Buyback Yield | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.0% |
| Stock-Based Comp | 380K | 140K | 22K | 15K | 59K | 42K | 0 | 643K | 657K | 263K | 208K | 372K | 397K |
| Debt Repayment | 11M | 7.7M | 3.4M | 0 | 0 | 0 | 0 | 0 | 0 | 30K | 0 | 0 | 0 |
| Balance Sheet | |||||||||||||
| Net Debt | -6.1M | -6.2M | -17M | N/A | N/A | -4.6M | -4.5M | -11M | -13M | -2.8M | N/A | N/A | -3.6M |
| Cash & Equiv. | 16M | 8.5M | 16M | 16M | 6.0M | 4.6M | 4.6M | 11M | 13M | 2.8M | 4.3M | 2.9M | 3.6M |
| Long-Term Debt | 6.6M | 0 | N/A | N/A | N/A | 0 | 58K | 47K | 44K | 0 | N/A | N/A | N/A |
| Debt/Equity | 0.58 | 0.18 | 0.00 | 0.86 | 0.94 | 0.00 | -0.03 | 0.00 | 0.00 | 0.00 | 1.35 | 1.97 | 0.00 |
| Interest Coverage | 11.6 | 32.4 | 5.6 | 974.5 | 552.1 | -1381.0 | 259.7 | 488.1 | 11630.0 | 2586.5 | N/A | N/A | N/A |
| Equity | 19M | 19M | 13M | 17M | 16M | 1.2M | -2.0M | 9.5M | 19M | 19M | 13M | 7.0M | 8.2M |
| Total Assets | 55M | 42M | 32M | 33M | 31M | 18M | 15M | 24M | 37M | 35M | 31M | 21M | 21M |
| Total Liabilities | 35M | 22M | 18M | 15M | 15M | 17M | 17M | 15M | 18M | 17M | 18M | 14M | 13M |
| Intangibles | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Retained Earnings | 16M | 17M | 14M | 15M | 13M | 859K | -3.9M | 2.4M | 7.7M | 6.2M | 595K | -6.5M | -7.9M |
| Working Capital | 12M | 16M | 16M | 20M | 8.5M | 3.9M | 3.1M | 12M | 11M | 2.5M | 1.1M | 504K | 1.8M |
| Current Assets | 27M | 26M | 21M | 25M | 12M | 8.7M | 9.5M | 18M | 20M | 9.1M | 8.9M | 5.2M | 5.8M |
| Current Liabilities | 15M | 10M | 4.7M | 4.8M | 3.6M | 4.8M | 6.4M | 5.9M | 8.9M | 6.6M | 7.8M | 4.7M | 4.0M |
| Per Share Data | |||||||||||||
| EPS | 0.08 | 0.15 | -0.44 | 0.14 | -0.21 | -1.50 | -0.57 | 0.73 | 0.57 | -0.10 | -0.56 | -0.71 | -0.62 |
| Owner EPS | -0.14 | -1.26 | 0.02 | -0.40 | -0.74 | -0.63 | -0.17 | -0.09 | 0.40 | -0.29 | -0.05 | -0.53 | -0.47 |
| Book Value | 2.29 | 2.21 | 1.61 | 2.06 | 1.90 | 0.15 | -0.25 | 1.11 | 1.98 | 1.95 | 1.31 | 0.70 | 0.64 |
| Cash Flow/Share | 0.66 | -0.85 | 0.22 | -0.25 | -0.60 | -0.26 | 0.09 | 0.10 | 0.75 | 0.20 | 0.47 | -0.18 | -0.30 |
| Dividends/Share | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.00 | 0.02 | 0.06 | 0.00 | N/A | 0.00 |
| Shares Out. | 8.4M | 8.4M | 8.2M | 8.4M | 8.4M | 8.3M | 8.3M | 8.6M | 9.7M | 9.6M | 9.9M | 10.0M | 12.7M |
| Valuation | |||||||||||||
| P/E Ratio | 33.2 | 12.6 | N/A | 12.5 | N/A | N/A | N/A | 3.6 | 4.6 | N/A | N/A | N/A | -1.7 |
| P/FCF | 11.2 | N/A | 16.5 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 45.8 | N/A | N/A |
| EV/EBIT | 2.1 | 0.9 | N/A | N/A | N/A | N/A | 2.6 | 1.8 | 1.1 | 4.4 | N/A | N/A | 24.7 |
| Price/Book | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 1.7 | 1.9 | 1.7 |
| Price/Sales | 0.8 | 1.1 | 1.0 | 1.1 | 1.7 | 0.9 | 0.3 | 1.0 | 0.9 | 1.0 | 1.4 | 1.1 | 1.1 |
| FCF Yield | 8.9% | -55.7% | 6.1% | -20.0% | -40.0% | -77.7% | -42.0% | -9.9% | -25.7% | -41.1% | 2.2% | -15.3% | N/A |
| Market Cap | 22M | 16M | 13M | 15M | 15M | 4.4M | 6.6M | 23M | 25M | 26M | 22M | 13M | 14M |
| Avg. Price | 3.04 | 2.38 | 1.65 | 1.78 | 1.92 | 1.25 | 0.71 | 2.21 | 2.68 | 2.67 | 2.46 | 1.50 | 1.07 |
| Year-End Price | 2.66 | 1.89 | 1.56 | 1.75 | 1.73 | 0.53 | 0.79 | 2.66 | 2.62 | 2.68 | 2.22 | 1.32 | 1.07 |
BARNWELL INDUSTRIES INC passes 3 of 9 quality checks, indicating weak fundamentals.
The company's 5-year average ROIC is 61.2% with a gross margin of 39.7%. At current prices, the estimated annualized return to fair value is -24.1%.
BARNWELL INDUSTRIES INC (BRN) has a debt-to-equity ratio of 1.97. This indicates higher leverage, which may increase financial risk.
BARNWELL INDUSTRIES INC (BRN) reported earnings per share (EPS) of $-0.71 in its most recent fiscal year.
BARNWELL INDUSTRIES INC (BRN) has a return on equity (ROE) of -70.9%. A negative ROE may indicate losses or negative equity.
BARNWELL INDUSTRIES INC (BRN) has a 5-year average gross margin of 39.7%. This indicates decent pricing power.
The Ledger Terminal provides 16 years of financial data for BARNWELL INDUSTRIES INC (BRN), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
BARNWELL INDUSTRIES INC (BRN) has a book value per share of $0.70, based on its most recent annual SEC filing.