/
Our Company Capstone Holding Corp. ("Capstone," "we," "us," or the "Company") is a national, technology-enabled building products distribution and installation platform. Through our three operating subsidiaries Instone (a trade name of TotalStone, LLC (dba Instone )), Canadian Stone Industries (operated through Fraser Canyon Holdings Inc. and its subsidiaries, collectively "CSI"), and Carolina …
The business is unprofitable at the operating level (-23.43% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue grew 4.5%, steady but not accelerating. Margins contracted 22.0pp, which offsets some of the top-line progress.
Free cash flow declined 223% versus the prior year, cash generation momentum has weakened. ROIC dropped from -4.11% to -41.98%, capital efficiency is deteriorating.
Profitability & Returns
Revenue (TTM)
$52M
▲ +4.5% YoY
Net Income (TTM)
-$21M
▼ -728.3% YoY
Op. Margin
-21.42%
▼ -22.0pp YoY
ROIC
-24.80%
▼ -37.9pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-$5M
▼ -222.5% YoY
Op. Cash Flow (TTM)
-$5M
▼ -215.5% YoY
Net Debt
$18M
Cash & Equiv.
$419K
Continue Research