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Deep sea foreign transportation of freight company · 1T · FY ends Dec · Revenue $587M · 28.18% margin · $117M FCF
28.18% operating margin is above average. ROIC at 9.10%. Note that capital returns lag the margin, the business may be capital-intensive despite high margins.
Revenue grew 3.6%, steady but not accelerating. Free cash flow declined 45% despite revenue growth, conversion is weakening.
Free cash flow declined 45% versus the prior year, cash generation momentum has weakened.
Profitability & Returns
Revenue (TTM)
$587M
▲ +3.6% YoY
Net Income (TTM)
$100M
▲ +17.0% YoY
Op. Margin
28.18%
▲ +2.9pp YoY
ROIC
9.10%
▲ +2.1pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$117M
▼ -44.6% YoY
Op. Cash Flow (TTM)
$202M
▼ -4.2% YoY
Net Debt
$16M
Cash & Equiv.
$155M
5Y CAGR: +12.0%
5Y CAGR: +8.7%
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