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Company Overview OLAPLEX is a foundational health and beauty company powered by breakthrough innovation that starts with and is inspired by the professional hairstylist ( Pro ). Our products are designed to enable Pros and their clients to achieve their best results and to provide consumers with a holistic hair regimen that starts by establishing a foundation for healthy hair.
Operating margin is thin at 1.64%. Limited cushion if revenue slows or costs rise, not the profile of a wide-moat business.
Revenue growth slowed to 0.1%, essentially flat. Margins also contracted 14.2pp. This is a business that needs a catalyst.
Free cash flow declined 59% versus the prior year, cash generation momentum has weakened. ROIC dropped from 3.94% to 0.28%, capital efficiency is deteriorating.
Profitability & Returns
Revenue (TTM)
$425M
Net Income (TTM)
-$15M
▼ -147.4% YoY
Op. Margin
-4.12%
▼ -14.2pp YoY
ROIC
-1.12%
▼ -3.7pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$69M
▼ -58.9% YoY
Op. Cash Flow (TTM)
$69M
▼ -59.0% YoY
Net Debt
$26M
Cash & Equiv.
$326M
5Y CAGR: +8.4%
5Y CAGR: -14.7%
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