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Wholesale-motor vehicle supplies & new parts company · GA · FY ends Dec · Revenue $24.70B · 7.32% margin · $548M FCF
Operating margin is thin at 7.36%. Limited cushion if revenue slows or costs rise, not the profile of a wide-moat business.
Revenue grew 3.5%, steady but not accelerating. Free cash flow declined 38% despite revenue growth, conversion is weakening.
Free cash flow declined 38% versus the prior year, cash generation momentum has weakened. ROIC dropped from 16.05% to 12.96%, capital efficiency is deteriorating.
Profitability & Returns
Revenue (TTM)
$24.70B
▲ +3.5% YoY
Net Income (TTM)
$60M
▼ -92.7% YoY
Op. Margin
7.32%
▼ -0.6pp YoY
ROIC
12.74%
▼ -3.1pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$548M
▼ -38.5% YoY
Op. Cash Flow (TTM)
$996M
▼ -28.8% YoY
Net Debt
$6.21B
Cash & Equiv.
$500M
5Y CAGR: +8.0%
5Y CAGR: -25.7%
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