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General bldg contractors - residential bldgs company · E9 · FY ends Dec · Revenue $19M · -7.47% margin · -$3M FCF
The business is unprofitable at the operating level (-7.47% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue grew 84.3%, still solid.
ROIC dropped from -11.52% to -16.06%, capital efficiency is deteriorating. Negative free cash flow of -$3M. The business is consuming cash, not generating it.
Profitability & Returns
Revenue (TTM)
$19M
▲ +84.3% YoY
Net Income (TTM)
-$2M
▼ -146.7% YoY
Op. Margin
-7.47%
▼ -0.5pp YoY
ROIC
-16.06%
▼ -4.5pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-$3M
▼ -1997.3% YoY
Op. Cash Flow (TTM)
-$3M
▼ -3224.3% YoY
Net Debt
-$4M
Net Cash Position
Cash & Equiv.
$4M
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