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Wholesale-chemicals & allied products company · E9 · FY ends Dec · Revenue $797M · -0.08% margin · -$43M FCF
The business is unprofitable at the operating level (-0.08% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue grew 18.5%, still solid.
Negative free cash flow of -$43M. The business is consuming cash, not generating it.
Profitability & Returns
Revenue (TTM)
$797M
▲ +18.5% YoY
Net Income (TTM)
-$933K
▼ -197.8% YoY
Op. Margin
-0.08%
▼ -0.2pp YoY
ROIC
-0.66%
▼ -1.6pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-$43M
▲ +33.3% YoY
Op. Cash Flow (TTM)
$2M
▲ +107.5% YoY
Net Debt
$71M
Cash & Equiv.
$3M
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