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Le gal Proceedings Due to the nature of our business, we may become, from time to time, involved in routine litigation or subject to disputes or claims related to our business activities. We believe that such threshold is reasonably designed to result in disclosure of environmental proceedings that are material to our business or financial condition.
15.01% operating margin is respectable but not wide. ROIC at 4.70%. Suggests the business covers its cost of capital, but doesn't point to a wide moat.
Revenue grew 66.2%, still solid. Margins contracted 2.3pp, which offsets some of the top-line progress.
ROIC dropped from 9.10% to 4.70%, capital efficiency is deteriorating. Negative free cash flow of -$119M. The business is consuming cash, not generating it.
Profitability & Returns
Revenue (TTM)
$637M
▲ +66.2% YoY
Net Income (TTM)
$219K
▼ -99.7% YoY
Op. Margin
15.01%
▼ -2.3pp YoY
ROIC
4.70%
▼ -4.4pp YoY
Cash Flow & Balance Sheet
FCF (FY)
-$119M
▼ -38.1% YoY
Op. Cash Flow (FY)
$160M
▲ +116.2% YoY
Net Debt
$1.42B
Cash & Equiv.
$51M
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