| Market Cap | $2.05B | |
| Enterprise Value | $3.48B | |
| Revenue | $870.5M | −3.2% |
| Gross Profit | $393.5M | −9.2% |
| EBITDA | -$518.8M | −636.8% |
| Net Income | -$608.8M | — |
| Diluted EPS | -$5.03 | — |
| Free Cash Flow | $6.0M | — |
| Ratio | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Trend · 12y | vs own | vs sector |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ▾Margins | |||||||||||||||
| Gross Margin | 49.55% | 49.35% | 47.64% | 47.56% | — | — | — | — | — | 49.36% | 50.19% | 47.10% | 7% | 30% | |
| Operating Margin | 17.54% | 18.76% | 17.55% | 17.96% | 17.64% | 16.44% | 16.15% | 15.83% | 11.12% | 4.56% | 6.35% | −118.59% | 4% | 38% | |
| EBITDA Margin | 21.25% | 22.53% | 21.34% | 22.02% | 21.93% | 20.70% | 20.55% | 20.32% | 15.61% | 15.31% | 18.98% | −105.24% | 4% | 37% | |
| NOPAT Margin | 11.42% | 12.10% | 11.55% | 11.85% | 15.18% | 13.56% | 13.28% | 12.81% | 8.92% | 3.60% | 5.01% | −93.69% | 4% | 31% | |
| Net Margin | 11.38% | 11.84% | 11.38% | 12.11% | 15.87% | 14.53% | 14.22% | 13.00% | 9.16% | −2.78% | −1.02% | −122.06% | 4% | 36% | |
| FCF Margin | 4.09% | — | 6.57% | 12.64% | 12.11% | 11.87% | 14.78% | 11.61% | 8.27% | −3.01% | −8.24% | −5.18% | 14% | 53% | |
| FCFE Margin | — | — | — | — | — | — | — | 11.61% | 8.27% | −15.17% | −8.24% | −16.36% | 10% | 30% | |
| OCF Margin | 8.76% | — | 11.00% | 16.67% | 17.37% | 15.41% | 20.54% | 17.31% | 12.91% | 4.99% | 3.82% | 6.51% | 23% | 65% | |
| Gross Profitability | 35.50% | 35.62% | 34.02% | 31.97% | 30.14% | 27.59% | 24.62% | 23.37% | 24.47% | 8.91% | 10.20% | 12.24% | 21% | 27% | |
| Capex Intensity | 4.67% | 3.40% | 4.43% | 4.03% | 5.26% | 3.54% | 5.75% | 5.70% | 4.63% | 8.00% | 12.06% | 11.69% | 88% | 85% | |
| ▸Returns on Capital · 6 ratios | |||||||||||||||
| ▸DuPont factors (ROE drivers) · 4 ratios | |||||||||||||||
| ▸Earnings quality · 7 ratios | |||||||||||||||
| ▸Liquidity & coverage · 8 ratios | |||||||||||||||
| ▸Leverage · 8 ratios | |||||||||||||||
| ▸Working capital · 8 ratios | |||||||||||||||
| ▸Capital allocation · 2 ratios | |||||||||||||||
| ▸Per share · 6 ratios | |||||||||||||||
| ▸Other · 1 ratios | |||||||||||||||
The five drivers multiply to 5.7% vs reported ROE 5.6%. High ROE from margin and turnover is earned; from the equity multiplier it is borrowed.
| Line | 2014↗ | 2015↗ | 2016↗ | 2017↗ | 2018↗ | 2019↗ | 2020↗ | 2021↗ | 2022↗ | 2023↗ | 2024↗ | 2025↗ |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $247.4M | $283.1M | $321.3M | $361.6M | $397.9M | $414.2M | $418.2M | $468.5M | $527.2M | $822.4M | $924.2M | $894.7M |
| YoY % | +14.4% | +13.5% | +12.5% | +10.0% | +4.1% | +1.0% | +12.0% | +12.5% | +56.0% | +12.4% | -3.2% | |
| Cost of Revenue | $124.8M | $143.4M | $168.2M | $189.6M | — | — | — | — | — | $416.5M | $460.3M | $473.3M |
| YoY % | +14.9% | +17.3% | +12.7% | +10.5% | +2.8% | |||||||
| Gross Profit | $122.6M | $139.7M | $153.1M | $168.9M | $186.3M | $191.9M | $196.3M | $215.1M | $243.0M | $406.0M | $463.9M | $421.4M |
| YoY % | +13.9% | +9.6% | +10.4% | +10.3% | +3.0% | +2.3% | +9.6% | +13.0% | +67.1% | +14.3% | -9.2% | |
| R&D Expense | $8.3M | $9.6M | $9.9M | $10.4M | $10.9M | $12.8M | $14.8M | $16.2M | $17.0M | $26.0M | $22.5M | $21.1M |
| YoY % | +15.0% | +3.3% | +5.0% | +4.5% | +18.0% | +15.2% | +10.1% | +4.9% | +52.7% | -13.7% | -6.2% | |
| Selling & Marketing Expense | $46.4M | $51.8M | $57.6M | $59.4M | $66.9M | $70.2M | $69.7M | $73.4M | $84.6M | $141.2M | $182.9M | $183.8M |
| YoY % | +11.5% | +11.3% | +3.1% | +12.7% | +4.9% | -0.8% | +5.4% | +15.2% | +66.9% | +29.5% | +0.5% | |
| SG&A Expense | $24.4M | $25.2M | $29.2M | $34.2M | $38.3M | $40.8M | $44.3M | $51.2M | $82.7M | $201.2M | $199.9M | $218.2M |
| YoY % | +3.2% | +15.7% | +17.2% | +11.9% | +6.5% | +8.7% | +15.5% | +61.6% | +143.1% | -0.6% | +9.1% | |
| Total Operating Expenses | $79.2M | $86.6M | $96.7M | $104.0M | $116.1M | $123.8M | $128.8M | $140.9M | $184.4M | $368.4M | $405.2M | $1.48B |
| YoY % | +9.3% | +11.7% | +7.6% | +11.6% | +6.7% | +4.0% | +9.4% | +30.9% | +99.8% | +10.0% | +265.8% | |
| Operating Income | $43.4M | $53.1M | $56.4M | $64.9M | $70.2M | $68.1M | $67.5M | $74.2M | $58.6M | $37.5M | $58.7M | -$1.06B |
| YoY % | +22.4% | +6.2% | +15.2% | +8.1% | -3.0% | -0.8% | +9.8% | -21.0% | -36.0% | +56.4% | ||
| Interest Expense | — | — | — | — | — | — | — | — | — | $27.3M | $42.2M | $38.1M |
| YoY % | +54.7% | -9.6% | ||||||||||
| Interest & Investment Income | $115,000 | $228,000 | $322,000 | $838,000 | — | — | — | — | — | — | — | — |
| YoY % | +98.3% | +41.2% | +160.2% | |||||||||
| Other Non-Operating Income | -$744,000 | -$1.1M | -$1.4M | $719,000 | $1.1M | $32,000 | -$1.2M | -$515,000 | $322,000 | -$6.8M | -$5.9M | -$3.6M |
| YoY % | +50.3% | -97.0% | ||||||||||
| Impairment of Real Estate | — | — | — | — | — | — | $0 | $0 | $0 | $0 | $0 | $1.07B |
| Pretax Income | $43.0M | $52.1M | $55.5M | $66.7M | $73.5M | $73.0M | $72.3M | $75.3M | $60.2M | -$22.0M | -$14.3M | -$1.13B |
| YoY % | +21.0% | +6.6% | +20.1% | +10.2% | -0.7% | -0.9% | +4.1% | -20.0% | ||||
| Income Tax | $15.0M | $18.5M | $19.0M | $22.7M | $10.3M | $12.8M | $12.8M | $14.4M | $11.9M | $828,000 | -$4.9M | -$41.1M |
| YoY % | +23.3% | +2.6% | +19.6% | -54.8% | +24.7% | +0.4% | +12.1% | -17.3% | -93.0% | |||
| Net Income (incl. NCI) | $28.0M | $33.6M | $36.5M | $44.0M | $63.2M | $60.2M | $59.5M | $60.9M | $48.3M | -$22.9M | -$9.4M | -$1.09B |
| YoY % | +19.8% | +8.8% | +20.3% | +43.8% | -4.8% | -1.2% | +2.4% | -20.7% | ||||
| Minority Interest (P&L) | -$127,000 | $50,000 | -$26,000 | $180,000 | $70,000 | $0 | — | — | — | — | — | — |
| YoY % | -61.1% | -100.0% | ||||||||||
| Net Income | $28.2M | $33.5M | $36.6M | $43.8M | $63.1M | $60.2M | $59.5M | $60.9M | $48.3M | -$22.9M | -$9.4M | -$1.09B |
| YoY % | +19.1% | +9.1% | +19.8% | +44.2% | -4.7% | -1.2% | +2.4% | -20.7% | ||||
| EPS (Basic) | $0.77 | $0.91 | $0.73 | $0.87 | $1.23 | $0.58 | $0.57 | $0.57 | $0.45 | -$0.12 | -$0.04 | -$5.03 |
| YoY % | +18.2% | -19.8% | +19.2% | +41.4% | -52.8% | -1.7% | 0.0% | -21.1% | ||||
| EPS (Diluted) | $0.76 | $0.90 | $0.72 | $0.86 | $1.21 | $0.57 | $0.56 | $0.57 | $0.45 | -$0.12 | -$0.04 | -$5.03 |
| YoY % | +18.4% | -20.0% | +19.4% | +40.7% | -52.9% | -1.8% | +1.8% | -21.1% | ||||
| Weighted Avg Shares (Basic) | 36.5M | 37.0M | 49.9M | 50.5M | 51.4M | 103.8M | 105.1M | 106.5M | 107.7M | 188.9M | 216.5M | 216.9M |
| YoY % | +1.2% | +35.0% | +1.4% | +1.6% | +102.1% | +1.3% | +1.3% | +1.1% | +75.4% | +14.6% | +0.2% | |
| Weighted Avg Shares (Diluted) | 37.3M | 37.4M | 50.5M | 51.2M | 52.1M | 104.8M | 105.7M | 107.1M | 108.0M | 188.9M | 216.5M | 216.9M |
| YoY % | +0.5% | +34.9% | +1.3% | +1.9% | +101.1% | +0.8% | +1.3% | +0.8% | +74.9% | +14.6% | +0.2% |
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.
