/
Deep sea foreign transportation of freight company · 1T · FY ends Dec · Revenue $10M · 7.28% margin · -$28M FCF
Operating margin is thin at 7.28%. Limited cushion if revenue slows or costs rise, not the profile of a wide-moat business.
Revenue grew 46.3%, still solid. Margins contracted 8.5pp, which offsets some of the top-line progress.
Free cash flow declined 509% versus the prior year, cash generation momentum has weakened. Negative free cash flow of -$28M. The business is consuming cash, not generating it.
Profitability & Returns
Revenue (TTM)
$10M
▲ +46.3% YoY
Net Income (TTM)
-$45K
▼ -104.3% YoY
Op. Margin
7.28%
▼ -8.5pp YoY
ROIC
2.21%
▼ -1.3pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-$28M
▼ -509.2% YoY
Op. Cash Flow (TTM)
$10M
▲ +47.5% YoY
Net Debt
-$6M
Net Cash Position
Cash & Equiv.
$6M
Continue Research