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Wholesale-misc durable goods company · Revenue $66M · 18.02% margin · -$10M FCF
18.02% operating margin is respectable but not wide. ROIC at 34.25%. Suggests the business covers its cost of capital, but doesn't point to a wide moat.
Revenue up 23.1% YoY with margins expanding 2.9pp. However, free cash flow softened 589%, worth monitoring whether this is timing or structural.
Free cash flow declined 589% versus the prior year, cash generation momentum has weakened. Negative free cash flow of -$10M. The business is consuming cash, not generating it.
Profitability & Returns
Revenue (TTM)
$66M
▲ +23.1% YoY
Net Income (TTM)
$12M
▲ +82.4% YoY
Op. Margin
18.02%
▲ +2.9pp YoY
ROIC
34.25%
▲ +0.7pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-$10M
▼ -588.5% YoY
Op. Cash Flow (TTM)
-$10M
▼ -584.3% YoY
Net Debt
$3M
Cash & Equiv.
$957K
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