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Miscellaneous fabricated metal products company · OH · FY ends Jun · Revenue $20.99B · 22.79% margin · $3.68B FCF
$836.32
+$13.02 (+1.58%)
Last close via Marketstack
Margins and capital returns are both well above average: 21.90% operating margin, ROIC at 15.20%. Consistent with durable pricing power, though that alone doesn't make it a buy.
Revenue declined 0.4% YoY. The question is whether this is cyclical or a structural shift.
At 31x earnings, the current multiple leaves limited room for execution misses or growth deceleration.
30.8x earnings, 29.1x FCF. Not cheap, the quality is already reflected in the price. Upside from here requires either margin expansion or growth re-acceleration, not just continuation.
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
$20.99B
▼ -0.4% YoY
Net Income (TTM)
$3.48B
▲ +24.1% YoY
Op. Margin
22.79%
▲ +1.5pp YoY
ROIC
15.40%
▲ +2.3pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$3.68B
▲ +12.0% YoY
Op. Cash Flow (TTM)
$4.09B
▲ +11.6% YoY
Net Debt
$11.21B
Cash & Equiv.
$476M
5Y CAGR: +7.7%
5Y CAGR: +12.7%
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