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Perfumes, cosmetics & other toilet preparations company · DE · FY ends Dec · Revenue $60M · 1.64% margin · -$2M FCF
Operating margin is thin at 2.53%. Limited cushion if revenue slows or costs rise, not the profile of a wide-moat business.
Revenue grew 18.6%, still solid. Margins contracted 7.3pp, which offsets some of the top-line progress.
ROIC dropped from 26.10% to 5.77%, capital efficiency is deteriorating. Negative free cash flow of -$11M. The business is consuming cash, not generating it.
Profitability & Returns
Revenue (TTM)
$60M
▲ +18.6% YoY
Net Income (TTM)
$944K
▼ -57.7% YoY
Op. Margin
1.64%
▼ -7.3pp YoY
ROIC
2.92%
▼ -20.3pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-$2M
▼ -314.0% YoY
Op. Cash Flow (TTM)
$171K
▼ -534.7% YoY
Net Debt
$8M
Cash & Equiv.
$573K
5Y CAGR: +29.4%
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