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Real estate agents & managers (for others) company · E9 · FY ends Dec · Revenue $13.52B · 2.23% margin · -$141M FCF
Operating margin is thin at 2.23%. Limited cushion if revenue slows or costs rise, not the profile of a wide-moat business.
Revenue grew 5.6%, steady but not accelerating. Free cash flow declined 112% despite revenue growth, conversion is weakening.
Free cash flow declined 112% versus the prior year, cash generation momentum has weakened. Negative free cash flow of -$141M. The business is consuming cash, not generating it.
Profitability & Returns
Revenue (TTM)
$13.52B
▲ +5.6% YoY
Net Income (TTM)
$428M
▼ -23.1% YoY
Op. Margin
2.23%
▼ -1.8pp YoY
ROIC
0.80%
▼ -0.5pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-$141M
▼ -112.2% YoY
Op. Cash Flow (TTM)
-$54M
▼ -104.2% YoY
Net Debt
$11.04B
Cash & Equiv.
$6.77B
5Y CAGR: +4.6%
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