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We are a transportation and logistics company engaged primarily in transporting truckload shipments of general commodities in both interstate and intrastate commerce. We believe we are one of the largest truckload carriers in the United States (based on total operating revenues), and our headquarters are located in Omaha, Nebraska, near the geographic center of our truckload service area.
Operating margin is thin at 0.39%. Limited cushion if revenue slows or costs rise, not the profile of a wide-moat business.
Revenue declined 1.8% YoY. The question is whether this is cyclical or a structural shift.
ROIC dropped from 2.62% to 0.44%, capital efficiency is deteriorating. Negative free cash flow of -$69M. The business is consuming cash, not generating it.
Profitability & Returns
Revenue (TTM)
$3.07B
▼ -1.8% YoY
Net Income (TTM)
-$9M
▼ -142.1% YoY
Op. Margin
0.70%
▼ -1.8pp YoY
ROIC
0.79%
▼ -2.2pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-$44M
▲ +18.5% YoY
Op. Cash Flow (TTM)
$236M
▼ -44.9% YoY
Net Debt
$980M
Cash & Equiv.
$62M
5Y CAGR: +4.6%
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