General bldg contractors - residential bldgs company · FL · FY ends Dec · Revenue $2.73B · 10.46% margin · -$31M FCF
Operating margin is thin at 9.78%. Limited cushion if revenue slows or costs rise, not the profile of a wide-moat business.
Revenue grew 8.6%, steady but not accelerating. Free cash flow declined 176% despite revenue growth, conversion is weakening.
Free cash flow declined 176% versus the prior year, cash generation momentum has weakened. Negative free cash flow of -$125M. The business is consuming cash, not generating it.
Profitability & Returns
Revenue (TTM)
$2.73B
▲ +8.6% YoY
Net Income (TTM)
$273M
▲ +695.8% YoY
Op. Margin
10.46%
ROIC
5.88%
Cash Flow & Balance Sheet
FCF (TTM)
-$31M
▼ -176.4% YoY
Op. Cash Flow (TTM)
$158M
▼ -70.0% YoY
Net Debt
$1.58B
Cash & Equiv.
$80M
5Y CAGR: +2.3%
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