/
Such statements are based on management s beliefs and assumptions made based on information currently available to management and may be identified by the use of the words outlook, guidance, expects, believes, anticipates, should, estimates, and similar expressions. Risks and uncertainties that may impact future results and performance include, but are not limited to, those described in Part 1,…
40.04% operating margin is above average. ROIC at 7.91%. Note that capital returns lag the margin, the business may be capital-intensive despite high margins.
Revenue growth slowed to 2.7%, essentially flat. This is a business that needs a catalyst.
ROIC dropped from 9.92% to 7.91%, capital efficiency is deteriorating.
Profitability & Returns
Revenue (TTM)
$4.86B
▲ +2.7% YoY
Net Income (TTM)
$1.90B
▼ -13.9% YoY
Op. Margin
39.97%
▼ -0.4pp YoY
ROIC
7.91%
▼ -2.0pp YoY
Cash Flow & Balance Sheet
FCF
N/A
Op. Cash Flow (TTM)
$3.18B
▲ +1.9% YoY
Net Debt
$9.57B
Cash & Equiv.
$135M
5Y CAGR: +10.6%
3Y CAGR: +0.3%
Continue Research