/
Chemicals & allied products company · DE · FY ends Dec · Revenue $1.79B · 6.90% margin · $77M FCF
Operating margin is thin at 7.28%. Limited cushion if revenue slows or costs rise, not the profile of a wide-moat business.
Revenue declined 3.7% YoY. Margins deteriorated 2.5pp alongside, both lines moving the wrong way.
Free cash flow declined 39% versus the prior year, cash generation momentum has weakened. ROIC dropped from 14.34% to 8.20%, capital efficiency is deteriorating.
Profitability & Returns
Revenue (TTM)
$1.79B
▼ -3.7% YoY
Net Income (TTM)
$114M
▲ +227.5% YoY
Op. Margin
6.90%
▼ -2.5pp YoY
ROIC
7.65%
▼ -6.1pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$77M
▼ -38.5% YoY
Op. Cash Flow (TTM)
$128M
▼ -25.0% YoY
Net Debt
-$239M
Net Cash Position
Cash & Equiv.
$289M
5Y CAGR: +8.3%
5Y CAGR: -5.4%
Continue Research