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We operate in 17 countries through our own sales and service organizations, with more than 70 locations worldwide, including over a dozen production facilities and a dense network of upfitting and service centers. Through established partnerships with dealers, we are represented in more than 90 additional countries globally.
$11.99
+$0.84 (+7.53%)
Price from 19 days ago
Operating margin is thin at 6.35%. Limited cushion if revenue slows or costs rise, not the profile of a wide-moat business.
Revenue grew 40.6%, still solid. Free cash flow declined 109% despite revenue growth, conversion is weakening.
At 92x earnings, the current multiple leaves limited room for execution misses or growth deceleration. Free cash flow declined 109% versus the prior year, cash generation momentum has weakened.
92.2x earnings, 194.8x FCF. The market is pricing in years of above-average growth. If that thesis breaks, downside from multiple compression alone could be 30%+. This is a stock where you're paying for the future, not the present.
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
$1.73B
▲ +40.6% YoY
Net Income (TTM)
$8M
▼ -68.3% YoY
Op. Margin
5.83%
ROIC
6.97%
▼ -1.9pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$5M
▼ -109.5% YoY
Op. Cash Flow (TTM)
$18M
▼ -87.0% YoY
Net Debt
$678M
Cash & Equiv.
$116M
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