/
Trucking (no local) company · NV · FY ends Dec · Revenue $1.53B · -5.19% margin
The business is unprofitable at the operating level (-4.13% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue declined 15.6% YoY. Margins deteriorated 15.1pp alongside, both lines moving the wrong way.
ROIC dropped from 12.78% to -3.39%, capital efficiency is deteriorating. Negative free cash flow of -$41M. The business is consuming cash, not generating it.
Profitability & Returns
Revenue (TTM)
$1.53B
▼ -15.6% YoY
Net Income (FY)
-$100M
▼ -176.9% YoY
Op. Margin
-5.19%
▼ -15.1pp YoY
ROIC
-4.27%
▼ -16.2pp YoY
Cash Flow & Balance Sheet
FCF (FY)
-$41M
▲ +70.5% YoY
Op. Cash Flow (FY)
$183M
▲ +62.9% YoY
Net Debt
$913M
Cash & Equiv.
$18M
5Y CAGR: +2.3%
Continue Research