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Engines & turbines company · DE · FY ends Mar · Revenue $110M · 2.95% margin · $7M FCF
The business is unprofitable at the operating level (-6.51% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue declined 6.2% YoY. The question is whether this is cyclical or a structural shift.
Net debt of $34M represents 5.0x FCF, leverage limits flexibility.
Profitability & Returns
Revenue (TTM)
$110M
▼ -6.2% YoY
Net Income (TTM)
$1M
▼ -197.3% YoY
Op. Margin
2.95%
▲ +15.8pp YoY
ROIC
6.74%
▲ +21.6pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$7M
▲ +121.1% YoY
Op. Cash Flow (TTM)
$7M
▲ +127.8% YoY
Net Debt
$43M
Cash & Equiv.
$15M
3Y CAGR: +10.2%
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