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Construction - special trade contractors company · E9 · FY ends Mar · Revenue $7M · 17.61% margin · $1M FCF
17.61% operating margin is respectable but not wide. ROIC at 41.96%. Suggests the business covers its cost of capital, but doesn't point to a wide moat.
Revenue grew 28.1%, still solid. Margins contracted 3.8pp, which offsets some of the top-line progress.
ROIC dropped from 87.04% to 41.96%, capital efficiency is deteriorating. Operating margin contracted 3.8pp YoY, cost discipline may be slipping.
Profitability & Returns
Revenue (TTM)
$7M
▲ +28.1% YoY
Net Income (TTM)
$1M
▼ -2.9% YoY
Op. Margin
17.61%
▼ -3.8pp YoY
ROIC
41.96%
▼ -45.1pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$1M
▲ +110.9% YoY
Op. Cash Flow (TTM)
$1M
▲ +118.5% YoY
Net Debt
-$2M
Net Cash Position
Cash & Equiv.
$2M
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