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Services-computer programming services company · K3 · FY ends Sep · Revenue $11M · 20.29% margin
Margins and capital returns are both well above average: 20.29% operating margin, ROIC at 18.83%. Consistent with durable pricing power, though that alone doesn't make it a buy.
Revenue up 233.3% YoY with margins expanding 3.9pp.
ROIC dropped from 25.61% to 18.83%, capital efficiency is deteriorating.
Profitability & Returns
Revenue (TTM)
$11M
▲ +233.3% YoY
Net Income (TTM)
$2M
▲ +345.4% YoY
Op. Margin
20.29%
▲ +3.9pp YoY
ROIC
18.83%
▼ -6.8pp YoY
Cash Flow & Balance Sheet
FCF
N/A
Op. Cash Flow (TTM)
-$12M
▼ -11925.9% YoY
Net Debt
-$37K
Net Cash Position
Cash & Equiv.
$765K
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