/
& Strategy Cimpress is a strategically focused collection of businesses that specialize in print mass customization, through which we deliver large volumes of individually small-sized customized orders of printed materials and promotional products. Our products and services include a broad range of marketing materials, business cards, signage, promotional products, logo apparel, packag…
Operating margin is thin at 6.65%. Limited cushion if revenue slows or costs rise, not the profile of a wide-moat business.
Revenue grew 3.4%, steady but not accelerating. Free cash flow declined 29% despite revenue growth, conversion is weakening.
Free cash flow declined 29% versus the prior year, cash generation momentum has weakened. ROIC dropped from 11.23% to 8.29%, capital efficiency is deteriorating.
Profitability & Returns
Revenue (TTM)
$3.66B
▲ +3.4% YoY
Net Income (TTM)
$46M
▼ -91.4% YoY
Op. Margin
-0.81%
▼ -0.9pp YoY
ROIC
-1.36%
▼ -2.9pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$185M
▼ -29.3% YoY
Op. Cash Flow (TTM)
$281M
▼ -15.0% YoY
Net Debt
$1.56B
Cash & Equiv.
$189M
5Y CAGR: +6.5%
5Y CAGR: -6.2%
Continue Research