Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
Dolfines S.A. is an independent engineering and services specialist focused on the energy sector, with a strong emphasis on facilitating the transition to renewable energy. Established in 2000 and headquartered in France, the company leverages decades of expertise from the oil and gas industry to offer innovative engineering and technical solutions, particularly in offshore wind, geothermal energy, and subsea engineering. Dolfines provides a wide range of services including engineering design, project management, inspection, and operational excellence consulting aimed at improving efficiency and safety in complex energy environments. Its work supports both renewable and conventional energy markets by enabling sustainable energy infrastructure development and helping reduce environmental impacts. With a presence in multiple regions including Europe, the Middle East, and Latin America, Dolfines plays a significant role in advancing greener energy production and adapting to evolving regulatory and technological landscapes within the global energy industry.
The business is unprofitable at the operating level (-26.90% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue declined 15.8% YoY. Margins deteriorated 28.6pp alongside, both lines moving the wrong way.
ROIC dropped from 1.50% to -16.36%, capital efficiency is deteriorating. Operating margin contracted 28.6pp YoY, cost discipline may be slipping.
Profitability & Returns
Revenue (TTM)
€4M
▼ -15.8% YoY
Net Income (TTM)
-€619K
▼ -191.6% YoY
Op. Margin
-26.90%
▼ -28.6pp YoY
ROIC
-16.36%
▼ -17.9pp YoY
Cash Flow & Balance Sheet
FCF
N/A
Op. Cash Flow
N/A
Net Debt
€480K
Cash & Equiv.
€676K
3Y CAGR: -1.4%
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