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Services-prepackaged software company · FL · FY ends Dec · Revenue $243M · 51.08% margin
Margins and capital returns are both well above average: 48.85% operating margin, ROIC at 55.00%. Consistent with durable pricing power, though that alone doesn't make it a buy.
Revenue up 62.0% YoY with margins expanding 20.5pp.
ROIC dropped from 241.84% to 55.00%, capital efficiency is deteriorating.
Profitability & Returns
Revenue (TTM)
$243M
▲ +62.0% YoY
Net Income (TTM)
$98M
▲ +82.6% YoY
Op. Margin
51.08%
▲ +20.5pp YoY
ROIC
54.53%
▼ -186.8pp YoY
Cash Flow & Balance Sheet
FCF (FY)
$97M
▲ +112.2% YoY
Op. Cash Flow (FY)
$100M
▲ +103.6% YoY
Net Debt
-$224M
Net Cash Position
Cash & Equiv.
$231M
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