Steel Partners Holdings L.P. is a diverse global enterprise, operating through its subsidiaries across a wide spectrum of industries including industrial products, ...
Steel Partners Holdings L.P. (SPLP) is a sophisticated global conglomerate established in 1990 by Warren G. Lichtenstein. Headquartered in New York, the company manages a robust portfolio of businesses that are strategically segmented into Diversified Industrial, Energy, and Financial Services divisions. Its industrial reach is extensive, covering the manufacturing of ...Steel Partners Holdings L.P. (SPLP) is a sophisticated global conglomerate established in 1990 by Warren G. Lichtenstein. Headquartered in New York, the company manages a robust portfolio of businesses that are strategically segmented into Diversified Industrial, Energy, and Financial Services divisions. Its industrial reach is extensive, covering the manufacturing of precious metal alloys, brazing materials, and seamless stainless steel tubing. The company maintains a strong presence in the construction and building materials market, providing advanced fasteners and specialized woven substrates made from fiberglass and carbon fiber. Furthermore, SPLP occupies a vital niche in power electronics, motion control, and electromagnetics, serving high-stakes industries such as military aerospace, medical devices, and telecommunications.
From a operational perspective, Steel Partners emphasizes high-performance manufacturing and technical precision, exemplified by its production of specialized cutting blades for the food and lumber processing industries. Its Financial Services division provides essential support through consumer lending, credit card issuance, and asset-based commercial financing. With approximately 5,200 employees operating across 90 locations in 14 countries, the company prioritizes efficient capital allocation and operational excellence. Financially, SPLP demonstrates a disciplined approach, reflected in strong free cash flow metrics and a conservative debt-to-equity ratio. The company’s financial structure is designed to leverage synergies across its subsidiaries while maintaining a solid liquidity position to support its diverse industrial footprint. Key leadership, including Executive Chairman Warren G. Lichtenstein and CEO Jack Lawrence Howard, steers the organization with a focus on long-term value creation. The company's business model relies on maintaining lean overheads while investing in high-barrier-to-entry industrial niches. As a conglomerate, Steel Partners does not simply hold assets; it actively participates in the operational improvement and strategic direction of its subsidiaries. Looking ahead, the firm continues to prioritize the optimization of its supply chain management and the expansion of its core industrial capabilities, aiming to sustain its position as a global leader in its specialized product categories while effectively navigating the complexities of the broader macroeconomic environment.
YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength.
QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes.
RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three).
$2.0B
+6.4%
-1.2%
Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day.
$261.6M
+73.4%
-7.3%
Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials.
+43.2%
+22.8%
+8.6%
Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on).
+15.8%
+82.3%
+18.6%
Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales.
+12.9%
+62.9%
-6.2%
Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock.
$298.3M
+1086.9%
-670.5%
FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine.
+14.7%
+1027.3%
-677.5%
Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe.
15.4%
-66.9%
-14.6%
Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking.
1.34x
+5.6%
+7.6%
Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground.
