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Deep sea foreign transportation of freight company · 1T · FY ends Dec · Revenue $161M · 24.78% margin · $79M FCF
24.78% operating margin is above average. ROIC at 6.63%. Note that capital returns lag the margin, the business may be capital-intensive despite high margins.
Revenue grew 9.2%, steady but not accelerating. Margins contracted 5.1pp, which offsets some of the top-line progress.
ROIC dropped from 8.91% to 6.63%, capital efficiency is deteriorating. Operating margin contracted 5.1pp YoY, cost discipline may be slipping.
Profitability & Returns
Revenue (TTM)
$161M
▲ +9.2% YoY
Net Income (TTM)
$50M
▼ -0.4% YoY
Op. Margin
24.78%
▼ -5.1pp YoY
ROIC
6.63%
▼ -2.3pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$79M
▲ +2515.6% YoY
Op. Cash Flow (TTM)
$81M
▲ +4.0% YoY
Net Debt
-$6M
Net Cash Position
Cash & Equiv.
$6M
5Y CAGR: +51.3%
5Y CAGR: +57.6%
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