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Drilling oil & gas wells company · DE · FY ends Dec · Revenue $807M · 12.20% margin
17.70% operating margin is respectable but not wide. ROIC at 5.35%. Suggests the business covers its cost of capital, but doesn't point to a wide moat.
Revenue declined 22.7% YoY. Margins deteriorated 12.5pp alongside, both lines moving the wrong way.
ROIC dropped from 11.26% to 5.35%, capital efficiency is deteriorating. Operating margin contracted 12.5pp YoY, cost discipline may be slipping.
Profitability & Returns
Revenue (TTM)
$807M
▼ -22.7% YoY
Net Income (TTM)
-$145M
▼ -80.1% YoY
Op. Margin
12.20%
▼ -12.5pp YoY
ROIC
2.84%
▼ -5.9pp YoY
Cash Flow & Balance Sheet
FCF
N/A
Op. Cash Flow (TTM)
$409M
▼ -25.9% YoY
Net Debt
$1.09B
Cash & Equiv.
$96M
5Y CAGR: +154.3%
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