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Massimo Group is a U.S.-based provider of utility-focused powersports and recreational vehicles, serving rural, agricultural, and commercial customers through a nationwide distribution and service network that enables broad market coverage, efficient product delivery, and ongoing dealer and customer support. Our product portfolio includes utility terrain vehicles ( UTVs ), all-terrain vehicles …
Operating margin is thin at 2.76%. Limited cushion if revenue slows or costs rise, not the profile of a wide-moat business.
Revenue grew 3680.4%, still solid. Margins contracted 263.0pp, which offsets some of the top-line progress.
Free cash flow declined 103% versus the prior year, cash generation momentum has weakened. ROIC dropped from 18.43% to 4.67%, capital efficiency is deteriorating.
Profitability & Returns
Revenue (TTM)
$70M
▲ +3680.4% YoY
Net Income (TTM)
$3M
▼ -14.3% YoY
Op. Margin
5.24%
▼ -263.0pp YoY
ROIC
9.26%
▼ -13.8pp YoY
Cash Flow & Balance Sheet
FCF (FY)
-$164K
▼ -102.6% YoY
Op. Cash Flow (TTM)
$2M
▼ -101.5% YoY
Net Debt
$3M
Cash & Equiv.
$4M
3Y CAGR: -6.0%
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