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Services-computer processing & data preparation company · E9 · FY ends Dec · Revenue $584M · -16.05% margin · -$5M FCF
The business is unprofitable at the operating level (-16.05% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue declined 2.4% YoY. The question is whether this is cyclical or a structural shift.
Negative free cash flow of -$5M. The business is consuming cash, not generating it.
Profitability & Returns
Revenue (TTM)
$584M
▼ -2.4% YoY
Net Income (TTM)
$394M
▲ +493.0% YoY
Op. Margin
-16.05%
▲ +2.2pp YoY
ROIC
-6.72%
▲ +2.0pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-$5M
▲ +89.2% YoY
Op. Cash Flow (TTM)
-$5M
▲ +90.1% YoY
Net Debt
-$829M
Net Cash Position
Cash & Equiv.
$831M
5Y CAGR: -4.9%
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