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Construction - special trade contractors company · Revenue $46M · 3.38% margin · -$3M FCF
Operating margin is thin at 3.38%. Limited cushion if revenue slows or costs rise, not the profile of a wide-moat business.
Revenue declined 5.8% YoY. The question is whether this is cyclical or a structural shift.
ROIC dropped from 17.45% to 7.76%, capital efficiency is deteriorating. Negative free cash flow of -$3M. The business is consuming cash, not generating it.
Profitability & Returns
Revenue (TTM)
$46M
▼ -5.8% YoY
Net Income (TTM)
$727K
▼ -21.8% YoY
Op. Margin
3.38%
ROIC
7.76%
▼ -9.7pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-$3M
▲ +54.2% YoY
Op. Cash Flow (TTM)
-$3M
▲ +53.8% YoY
Net Debt
$12M
Cash & Equiv.
$719K
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