/
Services-business services, nec company · FY ends Jun · Revenue $1.19B · 1.78% margin · $105M FCF
The business is unprofitable at the operating level (-4.57% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue grew 5.7%, steady but not accelerating. Free cash flow declined 24% despite revenue growth, conversion is weakening.
Free cash flow declined 24% versus the prior year, cash generation momentum has weakened. ROIC dropped from -6.21% to -9.59%, capital efficiency is deteriorating.
Profitability & Returns
Revenue (TTM)
$1.19B
▲ +5.7% YoY
Net Income (TTM)
$67M
▲ +54.5% YoY
Op. Margin
1.78%
▼ -1.0pp YoY
ROIC
5.61%
▼ -3.4pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$105M
▼ -23.8% YoY
Op. Cash Flow (TTM)
$108M
▲ +1.7% YoY
Net Debt
-$24M
Net Cash Position
Cash & Equiv.
$102M
5Y CAGR: +6.2%
5Y CAGR: -28.6%
Continue Research