Water transportation company · 1T · FY ends Dec · Revenue $597M · -5.12% margin
The business is unprofitable at the operating level (-5.12% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
ROIC dropped from 0.00% to -5.62%, capital efficiency is deteriorating.
Profitability & Returns
Revenue (TTM)
$597M
Net Income (TTM)
-$37M
▼ -622633.3% YoY
Op. Margin
-5.12%
ROIC
-5.62%
▼ -5.6pp YoY
Cash Flow & Balance Sheet
FCF
N/A
Op. Cash Flow (TTM)
$76M
▲ +1889600.0% YoY
Net Debt
-$17M
Net Cash Position
Cash & Equiv.
$212M
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