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As used in this Annual Report, unless the context otherwise requires, references to we, our, us, and our company refer to Medalist Diversified, Inc., a Maryland corporation, together with our consolidated subsidiaries, including Medalist Diversified Holdings, LP, a Delaware limited partnership of which we are the sole general partner, except where it is clear from the context that the term only…
Operating margin is thin at 5.27%. Limited cushion if revenue slows or costs rise, not the profile of a wide-moat business.
Revenue grew 6.8%, steady but not accelerating. Free cash flow declined 91% despite revenue growth, conversion is weakening.
Free cash flow declined 91% versus the prior year, cash generation momentum has weakened. Net debt of $49M represents 633.1x FCF, leverage limits flexibility.
Profitability & Returns
Revenue (TTM)
$10M
▲ +6.8% YoY
Net Income (TTM)
$8M
▼ -8779.1% YoY
Op. Margin
130.90%
ROIC
17.15%
Cash Flow & Balance Sheet
FCF (TTM)
-$873K
▼ -91.4% YoY
Op. Cash Flow (TTM)
$562K
▼ -14.8% YoY
Net Debt
$18M
Cash & Equiv.
$9M
5Y CAGR: +2.3%
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