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Recent Developments 2024 Business Combination and elsewhere in this Annual Report. Blocker Companies refer to (i) WD Thunder CV Parallel Blocker LP, (ii) WDE Flogistix Upper TE, LLC, (iii) WDE Flogistix Upper FI, LLC, (iv) GEC III-GI FPS Blocker Corp. and (v) GEC III-GI Estis Blocker Corp.
19.61% operating margin is respectable but not wide. ROIC at 21.12%. Suggests the business covers its cost of capital, but doesn't point to a wide moat.
Revenue grew 41.9%, still solid. Margins contracted 2.2pp, which offsets some of the top-line progress.
Insufficient data to identify specific risks. Treat any missing metrics as a data gap, not a clean bill of health.
Profitability & Returns
Revenue (TTM)
$777M
▲ +41.9% YoY
Net Income (TTM)
$43M
▼ -48.4% YoY
Op. Margin
19.30%
▼ -2.2pp YoY
ROIC
27.96%
▲ +4.0pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$205M
▲ +88.0% YoY
Op. Cash Flow (TTM)
$331M
▲ +64.1% YoY
Net Debt
$351M
Cash & Equiv.
$17M
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