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Fortitude Gold Corporation was organized under the laws of the State of Colorado on August 11, 2020. In this report, Company, our, us and we refer to Fortitude Gold Corporation together with its subsidiaries, unless the context otherwise requires.
48.29% operating margin is above average. ROIC at 7.66%. Note that capital returns lag the margin, the business may be capital-intensive despite high margins.
Revenue declined 50.7% YoY. Margins deteriorated 6.4pp alongside, both lines moving the wrong way.
ROIC dropped from 14.79% to 7.66%, capital efficiency is deteriorating. Negative free cash flow of -$15M. The business is consuming cash, not generating it.
Profitability & Returns
Revenue (TTM)
$15M
▼ -50.7% YoY
Net Income (TTM)
-$2M
▲ +120.6% YoY
Op. Margin
23.42%
▼ -6.4pp YoY
ROIC
2.89%
▼ -7.1pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-$16M
▼ -48.1% YoY
Op. Cash Flow (TTM)
-$14M
▼ -96.1% YoY
Net Debt
$7M
Cash & Equiv.
$10M
5Y CAGR: -19.4%
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