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Deep sea foreign transportation of freight company · 1T · FY ends Dec · Revenue $173M · 31.84% margin · $85M FCF
31.84% operating margin is above average. ROIC at 6.21%. Note that capital returns lag the margin, the business may be capital-intensive despite high margins.
Revenue grew 3.5%, steady but not accelerating. Margins contracted 3.9pp, which offsets some of the top-line progress.
Operating margin contracted 3.9pp YoY, cost discipline may be slipping.
Profitability & Returns
Revenue (TTM)
$173M
▲ +3.5% YoY
Net Income (TTM)
$61M
▼ -13.2% YoY
Op. Margin
31.84%
▼ -3.9pp YoY
ROIC
6.21%
▼ -0.6pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$85M
▲ +3276.2% YoY
Op. Cash Flow (TTM)
$85M
▼ -17.7% YoY
Net Debt
-$99M
Net Cash Position
Cash & Equiv.
$99M
5Y CAGR: +3.6%
5Y CAGR: +84.3%
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