Highwater Ethanol, LLC (HEOL)

Highwater Ethanol, LLC Income Statement

Financials in millions USD. Fiscal year is November - October.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jul 31, 2025	Oct 31, 2024	Oct 31, 2023	Oct 31, 2022	Oct 31, 2021	Oct 31, 2020
Revenue	137.76	141.82	199.05	221.37	158.72	97.26
Revenue Growth (YoY)	-11.73%	-28.75%	-10.08%	39.48%	63.20%	0.01%
Cost of Revenue	131.03	132.8	179.48	188.44	143.17	99.81
Gross Profit	6.73	9.02	19.57	32.93	15.55	-2.56
Selling, General & Admin	4.45	4.32	4.21	3.99	3.23	3.55
Operating Expenses	4.45	4.32	4.21	3.99	3.23	3.55
Operating Income	2.28	4.7	15.36	28.94	12.31	-6.11
Interest Expense	-0.21	-0.22	-0.23	-0.28	-0.52	-0.69
Interest & Investment Income	0.7	1.13	0.44	0.05	0	0
Earnings From Equity Investments	0.15	0.17	0.35	0.28	0.21	0.14
Other Non Operating Income (Expenses)	-3.72	-3.77	0.31	4.34	1.02	0.29
EBT Excluding Unusual Items	-0.8	2.01	16.23	33.33	13.03	-6.37
Other Unusual Items	4.1	4.1	0.51	-	0.71	-
Pretax Income	3.3	6.11	16.74	33.33	13.74	-6.37
Net Income	3.3	6.11	16.74	33.33	13.74	-6.37
Net Income to Common	3.3	6.11	16.74	33.33	13.74	-6.37
Net Income Growth	-66.98%	-63.47%	-49.77%	142.53%	-	-
Free Cash Flow	-8.24	8.6	27.77	44.11	15.58	-3.52
Dividend Per Share	1700.000	3400.000	3200.000	3800.000	-	-
Dividend Growth	-50.00%	6.25%	-15.79%	-	-	-
Gross Margin	4.89%	6.36%	9.83%	14.87%	9.79%	-2.63%
Operating Margin	1.66%	3.31%	7.72%	13.07%	7.76%	-6.28%
Profit Margin	2.39%	4.31%	8.41%	15.05%	8.66%	-6.55%
Free Cash Flow Margin	-5.98%	6.07%	13.95%	19.92%	9.82%	-3.62%
EBITDA	7.79	13.19	25.41	39.25	22.06	3.11
EBITDA Margin	5.66%	9.30%	12.77%	17.73%	13.90%	3.19%
D&A For EBITDA	5.51	8.49	10.05	10.31	9.75	9.22
EBIT	2.28	4.7	15.36	28.94	12.31	-6.11
EBIT Margin	1.66%	3.31%	7.72%	13.07%	7.76%	-6.28%

Source: S&P Global Market Intelligence. Standard template. Financial Sources.