GPRE
Green Plains Inc.
Next earnings Aug 10, 2026 (before open) · consensus $0.47 EPS, $535M rev
Last earnings -3.0% on 2026-05-07
$15.09
▲ +1.34%$15.09▲ +170.92%
over 1Y
L $5.57EODHDH $18.25
Earnings Dividend Split Congress buy Congress sellGrouped by date · hover a pin to expand
Today+1.3%
1W+0.2%
1M-3.7%
3M-10.7%
YTD+46.8%
1Y+170.9%
Avoid
Conviction
Horizon
Medium (3–12mo)
12-mo target
$•••
Street · 13 analysts
Buy
Five straight years of losses, -64% net margin and structurally challenged ethanol economics — a $1B market cap on $189M of revenue makes no sense.
Revenue $189M · FY2025
Green Plains is a serially unprofitable ethanol producer trading at an indefensible 5.4x sales. FY2025 revenue did grow 16% to $189M, but net income WORSENED to -$121M (from -$82.5M), operating margin collapsed to -35.6%, and the company has now booked cumulative losses producing a -$440M retained-earnings deficit. Five consecutive years of net losses (-$66M, -$127M, -$93M, -$83M, -$121M) is not a turnaround setup — it's a structural problem with the business model. ROE is -15.8% and shares outstanding grew 7.9% YoY, diluting holders while the company simultaneously paid $30M for buybacks — a contradictory capital-allocation signal.
Financials · annual, by fiscal year
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | $86.2M | $78.6M | $136M | $163M | $189M |
| Gross profit | $202M | $113M | $165M | $130M | $137M |
| Operating income | $25.5M | -$98.9M | -$61.6M | -$47.5M | -$67.2M |
| Net income | -$66.0M | -$127M | -$93.4M | -$82.5M | -$121M |
| Diluted EPS | -$1.41 | -$2.29 | -$1.59 | -$1.29 | -$1.80 |
| Net margin | -76.6% | -161.9% | -68.5% | -50.6% | -64.2% |
Annual figures from SEC 10-K XBRL filings. Open the filing links below for full statement detail.
Key statistics
Valuation
Enterprise value$1.24B
EV / EBITDA39.7
EV / Sales6.5
EV / FCF16.8
P / FCF14.3
PEG (trailing)—
Earnings yield-11.5%
FCF yield7.0%
Quality & risk
ROIC (est.)-4.7%
Free cash flow$73.7M
Total debt$366M
Net cash-$184M
Altman Z-Score0.54 distress
Piotroski F-Score5/9
Capital returns
Buyback yield2.8%
Dividend yield (est.)0.1%
Shareholder yield2.9%
Shares Δ YoY+7.9%
Computed from SEC XBRL annual figures + the current quote. EV and ROIC use long-term + current debt where filed; estimates, not investment advice.
Disclosure timeline
SEC · 8-Ks + reportsRecent disclosure tone has skewed negative — read the flagged items.
- 8-K Shareholder vote2026-06-11
Annual meeting vote results disclosed; routine governance outcome with no strategy shift.
- 8-K Earnings results2026-05-07
Q1'26 detail: streamlined platform post-asset-sales but profitability still elusive.
- 10-Q Quarterly report2026-05-07
Q1'26 detail: streamlined platform post-asset-sales but profitability still elusive.
- DEF 14A Proxy statement2026-04-24
Proxy filing for 2026 annual meeting; routine governance disclosure.
- 8-K Material agreement2026-04-23
New material agreement and debt obligation signed; alters capital structure for shareholders.
- 10-K Annual report2026-02-10
FY25 10-K: -$121M loss, OCF jumped to $111M, debt cut 16%, 45Z credit qualifies 8 plants.
- 8-K Earnings results2026-02-05
FY25 earnings: net loss widened to -$121M despite +16% revenue; margins still negative.
- 8-K Officer / director change2026-01-12
Second executive/board change in a week signals continued leadership reshuffle.
- 8-K Officer / director change2026-01-05
Officer/director transition under new leadership driving turnaround push.
Recent filings
all on EDGAR ↗S-3ASRFiling2026-06-22open ↗8-KPeriod ending 2026-06-052026-06-11open ↗4Period ending 2026-06-052026-06-09open ↗4Period ending 2026-06-052026-06-09open ↗4Period ending 2026-06-052026-06-09open ↗4Period ending 2026-06-052026-06-09open ↗4Period ending 2026-06-052026-06-09open ↗4Period ending 2026-06-052026-06-09open ↗4Period ending 2026-06-052026-06-09open ↗4/APeriod ending 2026-06-052026-06-08open ↗4Period ending 2026-06-052026-06-08open ↗4Period ending 2026-05-152026-05-18open ↗
Frequently asked
- Is Green Plains Inc. (GPRE) a buy?
- GPRE currently carries a Avoid rating with 4/5 conviction, derived from its latest SEC filings. Five straight years of losses, -64% net margin and structurally challenged ethanol economics — a $1B market cap on $189M of revenue makes no sense.
- What is Green Plains Inc.'s quality score?
- GPRE scores 44.56862745098039/100 (grade D) on a SEC-grounded quality model spanning value, growth, profitability, financial health and momentum.
Sources: SEC EDGAR (CIK 0001309402, latest 10-Q filed 2026-05-07) · EODHD · analysis by claude-code · as of 6/25/2026, 2:19:13 PM.
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