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Retail-eating places company · DE · FY ends Dec · Revenue $27.45B · 46.27% margin · $7.04B FCF
$279.20
+$1.23 (+0.44%)
Price from 5 days ago
Margins and capital returns are both well above average: 46.10% operating margin, ROIC at 23.71%. Consistent with durable pricing power, though that alone doesn't make it a buy.
Revenue grew 3.7%, steady but not accelerating.
Net debt of $43.07B represents 6.0x FCF, leverage limits flexibility.
23.0x earnings, 28.3x FCF. Valuation is in a reasonable range. The main question is whether the business can re-accelerate or if current trajectory is already priced in.
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
$27.45B
▲ +3.7% YoY
Net Income (TTM)
$8.68B
▲ +4.1% YoY
Op. Margin
46.27%
▲ +0.9pp YoY
ROIC
19.52%
▲ +3.4pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$7.04B
▲ +7.7% YoY
Op. Cash Flow (TTM)
$10.54B
▲ +11.7% YoY
Net Debt
$53.71B
Cash & Equiv.
$1.17B
5Y CAGR: +7.0%
5Y CAGR: +9.2%
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