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of the Company Priority a payments and banking fintech purpose-built to collect, store, lend and send money with a connected commerce engine that combines full-service merchant acquiring for accounts receivable, complete automated payables tools for bill payment, and sophisticated treasury management solutions to accelerate cash flow and optimize working capital for its customers. Priority oper…
14.82% operating margin is respectable but not wide. ROIC at 11.24%. Suggests the business covers its cost of capital, but doesn't point to a wide moat.
Revenue grew 8.3%, steady but not accelerating.
ROIC dropped from 15.18% to 11.24%, capital efficiency is deteriorating. Net debt of $969M represents 12.9x FCF, leverage limits flexibility.
Profitability & Returns
Revenue (TTM)
$978M
▲ +8.3% YoY
Net Income (TTM)
$57M
▲ +332.4% YoY
Op. Margin
14.52%
▼ -0.3pp YoY
ROIC
11.16%
▼ -3.9pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$89M
▲ +17.5% YoY
Op. Cash Flow (TTM)
$114M
▲ +16.8% YoY
Net Debt
$954M
Cash & Equiv.
$92M
5Y CAGR: +18.7%
5Y CAGR: +73.8%
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