| Market Cap | $196.8M | |
| Enterprise Value | $587.4M | |
| Revenue | $136.1M | +565.7% |
| Gross Profit | — | — |
| EBITDA | $10.6M | −75.1% |
| Net Income | $97.0M | +132.7% |
| Diluted EPS | $0.44 | −24.1% |
| Free Cash Flow | $14.3M | +250.7% |
| Ratio | 2022 | 2023 | 2024 | 2025 | Trend · 4y | vs own | vs sector |
|---|---|---|---|---|---|---|---|
| ▾Margins | |||||||
| Operating Margin | 1.44% | 1.28% | 180.97% | 0.82% | 13% | 40% | |
| EBITDA Margin | 3.45% | 12.21% | 208.57% | 7.80% | 38% | 29% | |
| NOPAT Margin | 1.29% | 1.15% | 177.63% | 0.81% | 13% | 24% | |
| Net Margin | 61.22% | 340.19% | 203.84% | 71.27% | 38% | 97% | |
| FCF Margin | 24.27% | 129.19% | 19.99% | 10.53% | 13% | 29% | |
| OCF Margin | 24.28% | 129.21% | 20.76% | 10.57% | 13% | 28% | |
| Capex Intensity | 0.01% | 0.02% | 0.78% | 0.04% | 63% | 4% | |
| ▸Returns on Capital · 6 ratios | |||||||
| ▸DuPont factors (ROE drivers) · 4 ratios | |||||||
| ▸Earnings quality · 7 ratios | |||||||
| ▸Liquidity & coverage · 5 ratios | |||||||
| ▸Leverage · 9 ratios | |||||||
| ▸Working capital · 3 ratios | |||||||
| ▸Capital allocation · 1 ratios | |||||||
| ▸Per share · 3 ratios | |||||||
| ▸Other · 1 ratios | |||||||
The five drivers multiply to 48.2% vs reported ROE 68.8%. High ROE from margin and turnover is earned; from the equity multiplier it is borrowed.
| Line | 2022↗ | 2023↗ | 2024↗ | 2025↗ |
|---|---|---|---|---|
| Revenue | $42.2M | $12.0M | $20.4M | $136.1M |
| YoY % | -71.6% | +70.4% | +565.7% | |
| SG&A Expense | $741,000 | $996,000 | $58,000 | — |
| YoY % | +34.4% | -94.2% | ||
| Operating Income | $609,000 | $153,000 | $37.0M | $1.1M |
| YoY % | -74.9% | +24083.0% | -97.0% | |
| Interest & Investment Income | $743,000 | $15.9M | $20.0M | $21.8M |
| YoY % | +2046.0% | +25.6% | +8.8% | |
| Equity Method Income | — | -$404,000 | -$1.4M | — |
| Pretax Income | $28.9M | $45.3M | $42.5M | $98.7M |
| YoY % | +56.9% | -6.3% | +132.4% | |
| Income Tax | $3.0M | $4.5M | $785,000 | $1.7M |
| YoY % | +48.0% | -82.5% | +114.3% | |
| Net Income (incl. NCI) | $27.5M | -$2.7M | $44.4M | $54.7M |
| YoY % | +23.1% | |||
| Minority Interest (P&L) | $1.7M | $1.2M | $2.8M | -$42.3M |
| YoY % | -24.6% | +122.2% | ||
| Net Income | $25.8M | $40.8M | $41.7M | $97.0M |
| YoY % | +57.9% | +2.1% | +132.7% | |
| Net Income to Common | $27.5M | $42.1M | $44.4M | $54.7M |
| YoY % | +53.0% | +5.7% | +23.1% | |
| EPS (Basic) | $0.41 | $0.57 | $0.58 | $0.44 |
| YoY % | +39.0% | +1.8% | -24.1% | |
| EPS (Diluted) | $0.41 | $0.57 | $0.58 | $0.44 |
| YoY % | +39.0% | +1.8% | -24.1% | |
| Weighted Avg Shares (Basic) | 74.2M | 74.2M | 76.7M | 123.7M |
| YoY % | 0.0% | +3.5% | +61.2% | |
| Weighted Avg Shares (Diluted) | 74.2M | 74.2M | 76.8M | 123.8M |
| YoY % | 0.0% | +3.5% | +61.1% |
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.
