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Information Noble Roman s, Inc., an Indiana corporation incorporated in 1972, sells and services franchises and licenses and operates Company-owned stand-alone restaurants and non-traditional foodservice operations under the trade names Noble Roman s Craft Pizza & Pub, Noble Roman s Pizza, Noble Roman s Take-N-Bake, and Tuscano s Italian Style Subs. References in this report to the Company are …
Operating margin is thin at 9.74%. Limited cushion if revenue slows or costs rise, not the profile of a wide-moat business.
Revenue grew 5.4%, steady but not accelerating. Margins contracted 14.2pp, which offsets some of the top-line progress.
Free cash flow declined 42% versus the prior year, cash generation momentum has weakened. ROIC dropped from 25.95% to 9.91%, capital efficiency is deteriorating.
Profitability & Returns
Revenue (TTM)
$16M
▲ +5.4% YoY
Net Income (TTM)
$974K
▼ -100.2% YoY
Op. Margin
14.68%
▼ -14.2pp YoY
ROIC
26.55%
▼ -16.0pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$1M
▼ -42.3% YoY
Op. Cash Flow (TTM)
$1M
▼ -42.8% YoY
Net Debt
$3M
Cash & Equiv.
$720K
5Y CAGR: +5.3%
5Y CAGR: -6.0%
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