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Wholesale-miscellaneous nondurable goods company · E9 · FY ends Dec · Revenue $7M · 19.42% margin · $6M FCF
19.42% operating margin is respectable but not wide. ROIC at 27.26%. Suggests the business covers its cost of capital, but doesn't point to a wide moat.
Revenue grew 364.7%, still solid. Margins contracted 2.5pp, which offsets some of the top-line progress.
ROIC dropped from 48.22% to 27.26%, capital efficiency is deteriorating.
Profitability & Returns
Revenue (TTM)
$7M
▲ +364.7% YoY
Net Income (TTM)
$1M
▲ +114.1% YoY
Op. Margin
19.42%
▼ -2.5pp YoY
ROIC
27.26%
▼ -21.0pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$6M
▲ +385.5% YoY
Op. Cash Flow (TTM)
$6M
▲ +339.8% YoY
Net Debt
-$12M
Net Cash Position
Cash & Equiv.
$12M
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