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Statements that include the words believes, expects, anticipates, intends, projects, estimates, plans, outlook, positioned , confident, opportunity , "focus" and similar expressions or future or conditional verbs such as will, should, would, may , and could are generally forward-looking in nature and not historical facts. Where, in any forward-looking statement, we express an expectation or bel…
11.56% operating margin is respectable but not wide. ROIC at 7.48%. Suggests the business covers its cost of capital, but doesn't point to a wide moat.
Revenue declined 3.2% YoY. Margins deteriorated 4.4pp alongside, both lines moving the wrong way.
Free cash flow declined 23% versus the prior year, cash generation momentum has weakened. ROIC dropped from 11.10% to 7.48%, capital efficiency is deteriorating.
Profitability & Returns
Revenue (TTM)
$4.44B
▼ -3.2% YoY
Net Income (TTM)
$272M
▼ -36.7% YoY
Op. Margin
10.79%
▼ -4.4pp YoY
ROIC
7.24%
▼ -3.6pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$340M
▼ -22.7% YoY
Op. Cash Flow (TTM)
$443M
▼ -28.3% YoY
Net Debt
$2.74B
Cash & Equiv.
$223M
5Y CAGR: +4.3%
5Y CAGR: -11.5%
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