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Arrangement of transportation of freight & cargo company · E9 · Revenue $24M · 4.07% margin · $232K FCF
Operating margin is thin at 4.07%. Limited cushion if revenue slows or costs rise, not the profile of a wide-moat business.
Revenue grew 42.5%, still solid. Margins contracted 4.0pp, which offsets some of the top-line progress.
ROIC dropped from 38.27% to 9.92%, capital efficiency is deteriorating. Operating margin contracted 4.0pp YoY, cost discipline may be slipping.
Profitability & Returns
Revenue (TTM)
$24M
▲ +42.5% YoY
Net Income (TTM)
$683K
▼ -49.0% YoY
Op. Margin
4.07%
▼ -4.0pp YoY
ROIC
9.92%
▼ -28.4pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$232K
▲ +187.1% YoY
Op. Cash Flow (TTM)
$240K
▼ -26.3% YoY
Net Debt
-$7M
Net Cash Position
Cash & Equiv.
$8M
3Y CAGR: +6.6%
3Y CAGR: -33.1%
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