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8x8, Inc. ( 8x8 ) is a global provider of integrated customer experience and business communications solutions, purpose-built to unify customer and employee engagement across the enterprise. Our Platform for CX combines contact center, business communications, and application programmable interfaces, or APIs, for communications into a single, secure, AI-powered system that delivers seamless, da…
Margins and capital returns are both well above average: 36.88% operating margin, ROIC at 51.33%. Consistent with durable pricing power, though that alone doesn't make it a buy.
Revenue growth slowed to 2.9%, essentially flat. This is a business that needs a catalyst.
Free cash flow declined 15% versus the prior year, cash generation momentum has weakened. Net debt of $278M represents 5.3x FCF, leverage limits flexibility.
Profitability & Returns
Revenue (TTM)
$736M
▲ +2.9% YoY
Net Income (TTM)
$2M
▲ +106.1% YoY
Op. Margin
36.88%
▲ +34.8pp YoY
ROIC
51.33%
▲ +49.2pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$52M
▼ -14.8% YoY
Op. Cash Flow (TTM)
$56M
▼ -12.2% YoY
Net Debt
$278M
Cash & Equiv.
$93M
5Y CAGR: +6.7%
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