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Drilling oil & gas wells company · D0 · FY ends Dec · Revenue $1.02B · 31.55% margin
31.55% operating margin is above average. ROIC at 8.68%. Note that capital returns lag the margin, the business may be capital-intensive despite high margins.
Revenue growth slowed to 1.0%, essentially flat. Margins also contracted 5.5pp. This is a business that needs a catalyst.
ROIC dropped from 11.20% to 8.68%, capital efficiency is deteriorating. Operating margin contracted 5.5pp YoY, cost discipline may be slipping.
Profitability & Returns
Revenue (TTM)
$1.02B
▲ +1.0% YoY
Net Income (TTM)
$45M
▼ -45.2% YoY
Op. Margin
31.55%
▼ -5.5pp YoY
ROIC
8.68%
▼ -2.5pp YoY
Cash Flow & Balance Sheet
FCF
N/A
Op. Cash Flow (TTM)
$252M
▲ +225.9% YoY
Net Debt
$1.77B
Cash & Equiv.
$380M
5Y CAGR: +27.1%
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