/
Hudson Technologies, Inc. ( Hudson or the Company ), incorporated under the laws of New York on January 11, 1991, is a refrigerant services company providing innovative solutions to recurring problems within the refrigeration industry. Hudson has proven, reliable programs that meet customer refrigerant needs by providing environmentally sustainable solutions from initial sale of refrigerant gas…
Operating margin is thin at 7.53%. Limited cushion if revenue slows or costs rise, not the profile of a wide-moat business.
Revenue grew 4.0%, steady but not accelerating. Margins contracted 4.8pp, which offsets some of the top-line progress.
Free cash flow declined 109% versus the prior year, cash generation momentum has weakened. ROIC dropped from 8.87% to 5.00%, capital efficiency is deteriorating.
Profitability & Returns
Revenue (TTM)
$251M
▲ +4.0% YoY
Net Income (TTM)
$14M
▼ -31.7% YoY
Op. Margin
6.74%
▼ -4.8pp YoY
ROIC
4.12%
▼ -3.9pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-$35M
▼ -109.5% YoY
Op. Cash Flow (TTM)
-$30M
▼ -103.4% YoY
Net Debt
-$14M
Net Cash Position
Cash & Equiv.
$19M
5Y CAGR: +10.8%
Continue Research