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Shimmick delivers turnkey solutions that are designed to strengthen the water market, as well as other critical infrastructure markets, including energy, climate resiliency and sustainable transportation. With a history and experience that spans over a century, Shimmick, headquartered in California, unites deep engineering heritage with entrepreneurial spirit to tackle today s most complex infr…
The business is unprofitable at the operating level (-3.94% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue growth slowed to 2.6%, essentially flat. This is a business that needs a catalyst.
Negative free cash flow of -$71M. The business is consuming cash, not generating it.
Profitability & Returns
Revenue (TTM)
$459M
▲ +2.6% YoY
Net Income (TTM)
-$20M
▲ +79.5% YoY
Op. Margin
-2.80%
▲ +20.9pp YoY
ROIC
-13.49%
▲ +93.9pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-$41M
▼ -125.2% YoY
Op. Cash Flow (TTM)
-$34M
▼ -206.3% YoY
Net Debt
$71M
Cash & Equiv.
$15M
3Y CAGR: -9.5%
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