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Miscellaneous chemical products company · DE · FY ends Sep · Revenue $3.58B · 15.72% margin · $432M FCF
16.73% operating margin is respectable but not wide. ROIC at 15.45%. Suggests the business covers its cost of capital, but doesn't point to a wide moat.
Revenue declined 7.0% YoY. The question is whether this is cyclical or a structural shift.
Free cash flow declined 13% versus the prior year, cash generation momentum has weakened. ROIC dropped from 18.77% to 15.45%, capital efficiency is deteriorating.
Profitability & Returns
Revenue (TTM)
$3.58B
▼ -7.0% YoY
Net Income (TTM)
$263M
▼ -12.9% YoY
Op. Margin
15.72%
▲ +1.4pp YoY
ROIC
13.47%
▼ -3.3pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$432M
▼ -13.3% YoY
Op. Cash Flow (TTM)
$671M
▼ -3.9% YoY
Net Debt
$1.05B
Cash & Equiv.
$252M
5Y CAGR: +7.3%
5Y CAGR: +17.2%
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