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Electronic components, nec company · DE · FY ends Dec · Revenue $361M · -1.75% margin · $61M FCF
The business is unprofitable at the operating level (-0.20% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue declined 1.4% YoY. The question is whether this is cyclical or a structural shift.
Free cash flow declined 59% versus the prior year, cash generation momentum has weakened.
Profitability & Returns
Revenue (TTM)
$361M
▼ -1.4% YoY
Net Income (TTM)
-$28M
▼ -126.6% YoY
Op. Margin
-1.75%
▲ +1.7pp YoY
ROIC
-1.03%
▲ +1.0pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$61M
▼ -58.7% YoY
Op. Cash Flow (TTM)
$74M
▼ -54.2% YoY
Net Debt
$133M
Cash & Equiv.
$132M
5Y CAGR: +21.0%
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