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General bldg contractors - nonresidential bldgs company · E9 · FY ends Mar · Revenue $19M · -37.18% margin
The business is unprofitable at the operating level (-37.18% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue grew 43.2%, still solid. Margins contracted 47.8pp, which offsets some of the top-line progress.
ROIC dropped from 14.58% to -52.44%, capital efficiency is deteriorating. Operating margin contracted 47.8pp YoY, cost discipline may be slipping.
Profitability & Returns
Revenue (TTM)
$19M
▲ +43.2% YoY
Net Income (TTM)
-$7M
▼ -739.7% YoY
Op. Margin
-37.18%
▼ -47.8pp YoY
ROIC
-52.44%
▼ -67.0pp YoY
Cash Flow & Balance Sheet
FCF
N/A
Op. Cash Flow (TTM)
-$3M
▼ -217.8% YoY
Net Debt
$4M
Cash & Equiv.
$456K
3Y CAGR: +22.5%
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