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Our Mission to Keep Commerce Human Keep Commerce Human reflects our belief that creativity and connection set us apart in an increasingly automated world. We see lasting value in businesses that balance people, planet, and profit, and we strive to align our growth strategy with this principle using our platform to foster entrepreneurship and sustainable economic impact.
Operating margin is thin at 9.23%. Limited cushion if revenue slows or costs rise, not the profile of a wide-moat business.
Revenue growth slowed to 2.7%, essentially flat. Margins also contracted 4.3pp. This is a business that needs a catalyst.
ROIC dropped from 15.29% to 9.89%, capital efficiency is deteriorating. Operating margin contracted 4.3pp YoY, cost discipline may be slipping.
Profitability & Returns
Revenue (TTM)
$2.90B
▲ +2.7% YoY
Net Income (TTM)
$285M
▼ -46.3% YoY
Op. Margin
13.43%
▼ -4.3pp YoY
ROIC
9.79%
▼ -5.4pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$711M
▼ -8.2% YoY
Op. Cash Flow (TTM)
$725M
▼ -7.8% YoY
Net Debt
$1.65B
Cash & Equiv.
$1.43B
5Y CAGR: +10.8%
5Y CAGR: +0.0%
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