| Market Cap | $4.85B | |
| Enterprise Value | $4.18B | |
| Revenue | $960.2M | +15.2% |
| Gross Profit | $424.8M | +2.2% |
| EBITDA | $139.0M | −21.9% |
| Net Income | $91.0M | −9.2% |
| Diluted EPS | $1.37 | −10.5% |
| Free Cash Flow | -$106.9M | −195.2% |
| Ratio | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Trend · 10y | vs own | vs sector |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ▾Margins | |||||||||||||
| Gross Margin | 48.70% | 47.18% | 46.15% | 47.11% | 44.44% | 44.22% | 47.22% | 49.53% | 50.06% | 44.39% | 15% | 76% | |
| Operating Margin | 12.75% | 1.92% | 8.67% | 16.55% | 13.72% | 14.90% | 15.18% | 17.18% | 19.31% | 12.14% | 25% | 73% | |
| EBITDA Margin | 13.43% | 2.66% | 9.23% | 17.28% | 14.40% | 15.81% | 16.56% | 18.63% | 20.58% | 13.95% | 35% | 60% | |
| NOPAT Margin | 10.21% | 1.51% | 7.72% | 16.55% | 13.72% | 14.85% | 11.40% | 14.32% | 15.24% | 10.95% | 35% | 77% | |
| Net Margin | 3.77% | −0.87% | 8.81% | 17.57% | 11.99% | 14.54% | 10.10% | 13.87% | 13.25% | 10.44% | 45% | 78% | |
| FCF Margin | — | — | 6.80% | 7.84% | −11.98% | −18.96% | −39.42% | −24.60% | 8.95% | −7.39% | 56% | 16% | |
| FCFF Margin | — | — | — | — | — | — | −39.10% | −24.20% | 9.37% | −6.69% | 63% | 4% | |
| FCFE Margin | — | — | 6.80% | 7.84% | 0.60% | −16.24% | −39.99% | −17.41% | 20.11% | −0.86% | 44% | 24% | |
| OCF Margin | — | — | 9.26% | 8.75% | −8.65% | −15.44% | −16.00% | −13.51% | 19.49% | −1.15% | 56% | 16% | |
| Gross Profitability | 29.98% | 25.37% | 33.43% | 23.27% | 20.39% | 10.92% | 14.86% | 18.53% | 21.10% | 13.93% | 15% | 25% | |
| Capex Intensity | 2.90% | 1.78% | 2.45% | 0.90% | 3.33% | 3.52% | 23.43% | 11.09% | 10.54% | 6.24% | 65% | 79% | |
| ▸Returns on Capital · 6 ratios | |||||||||||||
| ▸DuPont factors (ROE drivers) · 4 ratios | |||||||||||||
| ▸Earnings quality · 7 ratios | |||||||||||||
| ▸Liquidity & coverage · 9 ratios | |||||||||||||
| ▸Leverage · 9 ratios | |||||||||||||
| ▸Working capital · 8 ratios | |||||||||||||
| ▸Capital allocation · 2 ratios | |||||||||||||
| ▸Per share · 3 ratios | |||||||||||||
| ▸Other · 1 ratios | |||||||||||||
The five drivers multiply to 7.8% vs reported ROE 7.9%. High ROE from margin and turnover is earned; from the equity multiplier it is borrowed.
| Line | 2016↗ | 2017↗ | 2018↗ | 2019↗ | 2020↗ | 2021↗ | 2022↗ | 2023↗ | 2024↗ | 2025↗ |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $27.4M | $36.5M | $74.6M | $107.5M | $156.6M | $259.8M | $388.8M | $557.7M | $782.1M | $901.3M |
| YoY % | +33.4% | +104.5% | +44.1% | +45.7% | +65.8% | +49.7% | +43.4% | +40.2% | +15.2% | |
| Cost of Revenue | $14.0M | $19.3M | $40.2M | $56.9M | $87.0M | $144.9M | $205.2M | $281.5M | $390.6M | $501.2M |
| YoY % | +37.3% | +108.5% | +41.5% | +53.0% | +66.5% | +41.6% | +37.2% | +38.7% | +28.3% | |
| Gross Profit | $13.3M | $17.2M | $34.4M | $50.7M | $69.6M | $114.9M | $183.6M | $276.2M | $391.6M | $400.1M |
| YoY % | +29.2% | +100.0% | +47.0% | +37.4% | +65.0% | +59.9% | +50.4% | +41.8% | +2.2% | |
| R&D Expense | $3.3M | $5.1M | $10.4M | $12.9M | $19.1M | $34.2M | $62.2M | $92.7M | $105.5M | $145.0M |
| YoY % | +57.7% | +102.0% | +24.3% | +48.2% | +78.9% | +81.9% | +49.0% | +13.8% | +37.5% | |
| Selling & Marketing Expense | — | — | $9.6M | $11.9M | $16.8M | $26.7M | $39.9M | $47.0M | $65.4M | $76.9M |
| YoY % | +23.8% | +40.9% | +59.4% | +49.2% | +17.9% | +39.2% | +17.5% | |||
| SG&A Expense | $2.7M | $5.9M | $8.0M | $8.1M | $12.2M | $15.2M | $22.5M | $40.6M | $69.6M | $68.8M |
| YoY % | +120.2% | +35.7% | +0.9% | +51.5% | +24.6% | +47.7% | +80.9% | +71.3% | -1.3% | |
| Total Operating Expenses | $9.8M | $16.5M | $28.0M | $32.9M | $48.1M | $76.2M | $124.6M | $180.4M | $240.6M | $290.6M |
| YoY % | +68.0% | +69.3% | +17.5% | +46.4% | +58.3% | +63.6% | +44.8% | +33.4% | +20.8% | |
| Operating Income | $3.5M | $700,000 | $6.5M | $17.8M | $21.5M | $38.7M | $59.0M | $95.8M | $151.0M | $109.4M |
| YoY % | -79.9% | +824.4% | +174.9% | +20.8% | +80.1% | +52.5% | +62.3% | +57.6% | -27.5% | |
| Interest Expense | — | — | — | — | — | — | $1.7M | $2.7M | $4.2M | $7.0M |
| YoY % | +62.0% | +54.8% | +67.5% | |||||||
| Interest & Investment Income | $16,000 | $9,000 | $29,000 | $333,000 | $897,000 | $505,000 | $8.7M | $8.4M | $9.9M | $14.6M |
| YoY % | -43.8% | +222.2% | +1048.3% | +169.4% | -43.7% | +1630.7% | -4.4% | +18.9% | +47.3% | |
| Other Non-Operating Income | — | — | $1.3M | $1.4M | -$3.4M | -$631,000 | $3.3M | -$1.6M | $6.3M | -$9.8M |
| YoY % | +11.0% | |||||||||
| Equity Method Income | $0 | $37,000 | $123,000 | $168,000 | $655,000 | $4.6M | $4.7M | $10.0M | $423,000 | $10.3M |
| YoY % | +232.4% | +36.6% | +289.9% | +607.9% | +0.6% | +113.3% | -95.7% | +2332.6% | ||
| Impairment of Real Estate | — | — | — | — | — | $0 | $0 | — | — | — |
| Pretax Income | $3.0M | -$325,000 | $7.4M | $18.9M | $19.3M | $43.1M | $67.4M | $116.2M | $166.3M | $135.2M |
| YoY % | +156.6% | +1.9% | +123.1% | +56.5% | +72.5% | +43.1% | -18.7% | |||
| Income Tax | $595,000 | $547,000 | $806,000 | -$518,000 | -$2.4M | $134,000 | $16.8M | $19.4M | $35.0M | $13.3M |
| YoY % | -8.1% | +47.3% | +12435.8% | +15.3% | +80.9% | -62.0% | ||||
| Net Income (incl. NCI) | $2.4M | -$872,000 | $6.6M | $19.5M | $21.7M | $42.9M | $50.6M | $96.9M | $131.3M | $121.9M |
| YoY % | +196.0% | +11.4% | +98.0% | +17.8% | +91.5% | +35.5% | -7.1% | |||
| Minority Interest (P&L) | $1.4M | -$554,000 | $0 | $564,000 | $2.9M | $5.2M | $11.3M | $19.5M | $27.6M | $27.8M |
| YoY % | +413.7% | +78.3% | +118.8% | +72.6% | +41.7% | +0.6% | ||||
| Net Income | $1.0M | -$318,000 | $6.6M | $18.9M | $18.8M | $37.8M | $39.3M | $77.3M | $103.6M | $94.1M |
| YoY % | +187.4% | -0.6% | +101.0% | +4.0% | +97.0% | +34.0% | -9.2% | |||
| Net Income to Common | $645,000 | -$318,000 | $6.6M | $18.9M | $18.8M | $37.8M | $39.3M | $77.3M | $103.6M | $94.1M |
| YoY % | +187.4% | -0.6% | +101.0% | +4.0% | +97.0% | +34.0% | -9.2% | |||
| EPS (Basic) | $0.30 | -$0.05 | $0.42 | $1.12 | $0.34 | $0.65 | $0.66 | $1.29 | $1.67 | $1.47 |
| YoY % | +166.7% | -69.6% | +91.2% | +1.5% | +95.5% | +29.5% | -12.0% | |||
| EPS (Diluted) | $0.18 | -$0.05 | $0.37 | $0.99 | $0.30 | $0.58 | $0.59 | $1.16 | $1.53 | $1.37 |
| YoY % | +167.6% | -69.7% | +93.3% | +1.7% | +96.6% | +31.9% | -10.5% | |||
| Weighted Avg Shares (Basic) | 2.2M | 6.9M | 15.8M | 16.8M | 54.7M | 57.7M | 59.2M | 60.2M | 62.2M | 64.2M |
| YoY % | +215.5% | +130.0% | +6.4% | +225.6% | +5.4% | +2.7% | +1.6% | +3.4% | +3.2% | |
| Weighted Avg Shares (Diluted) | 3.8M | 6.9M | 17.9M | 19.1M | 63.6M | 65.4M | 65.3M | 64.9M | 66.2M | 67.3M |
| YoY % | +81.0% | +160.9% | +6.8% | +232.1% | +2.8% | -0.0% | -0.7% | +2.1% | +1.6% |
The sector classification is SIC-derived, not official GICS. Statement lines are XBRL facts as filed with the company's home regulator (SEC EDGAR for US filers; ESEF/EDINET and other national regulators for foreign filers); ratios and other derived figures are computed from them. A blank cell means the tag was absent — never imputed.
