Form Tyoe: 10-K

Analyst Summary

• Rents and other single-family property revenues increased by 6.5% year-over-year.
• Average Occupied Days Percentage was 94.2%.
• Average Monthly Realized Rent per Property was $2,239.
• Core NOI increased to $978.3 million from $904.8 million.
• Employee turnover was 25.1%.
• Gross Profit Margin: 63.80%
• Operating Profit Margin: 27.08%
• Net Profit Margin: 27.08%
• Return on Assets (ROA): 3.50%
• Return on Equity (ROE): 5.57%
• Earnings Per Share (EPS): $1.08
• Current Ratio: 1.41
• Quick Ratio: 0.76
• Cash Ratio: 0.67
• Debt-to-Equity Ratio: 0.70
• Debt-to-Assets Ratio: 0.37
• Interest Coverage Ratio: 3.83
• Asset Turnover: 0.13
• Price-to-Earnings Ratio (P/E): 32.54
• Price-to-Book Ratio (P/B): 1.81
• Price-to-Sales Ratio (P/S): 7.50
• Enterprise Value to EBITDA (EV/EBITDA): 15.87
• Revenue Growth: 6.47%
• Net Income Growth: 8.33%
• EPS Growth: 6.93%
• Same-Home Core Revenue Growth: 4.99%
• Same-Home Core Property Operating Expense Growth: 4.32%
• Same-Home Core NOI Growth: 5.34%

Opportunities and Risks

• Concentration Risk: Significant geographic concentration exposes the company to regional economic downturns and natural disasters.
• Renovation Costs: Inability to control renovation costs could adversely affect operating results.
• Competition: Intense competition for acquisitions and tenants may limit strategic opportunities.
• Cybersecurity: Increasing cybersecurity threats could compromise sensitive data and disrupt operations.
• Interest Rate Risk: Elevated interest rates could adversely impact the company and its tenants.
• HOA Restrictions: HOA rules and restrictions subject the company to increased costs and restrict business operations.
• AMH Development Program: Internal development program offers attractive risk-adjusted returns.
• Geographic Diversification: Continued expansion into select submarkets of MSAs.
• Efficient Property Management: In-house property management enables optimization of rental revenues and expense management.
• Brand Recognition: Establishing a nationally recognized brand can attract and retain residents and qualified personnel.
• Long-Term Demand: Persistent national housing shortage and demographic trends support long-term demand for single-family rentals.

Potential Implications

Analyst Summary

• Net income decreased due to lower refining margins.
• Strategic priorities include shareholder returns, operational excellence, and growth in Midstream and Chemicals.
• The Los Angeles Refinery closure in 2025 will impact future performance.
• Acquisition of Pinnacle Midstream and pending acquisition of EPIC Y-Grade are positive developments for the Midstream segment.
• CPChem’s expansion projects are expected to contribute to future growth in the Chemicals segment.
• Conversion of the San Francisco Refinery into the Rodeo Renewable Energy Complex is a strategic shift towards renewable fuels.
• Sales and other operating revenues decreased by 3% year-over-year.
• Equity in earnings of affiliates decreased by 12%.
• Selling, general, and administrative expenses increased by 11%.
• Cash and cash equivalents decreased significantly.
• Total debt increased slightly.
• Total equity decreased, primarily due to share repurchases.
• Debt-to-Equity Ratio increased from 0.61 to 0.71.

Opportunities and Risks

• Commodity Price Volatility: Fluctuations in crude oil, refined product, and NGL prices can significantly impact profitability.
• Regulatory Changes: Changes to environmental regulations, renewable fuel standards, and tax policies can increase operating costs and reduce demand for certain products.
• Operational Hazards: Accidents, weather events, and cyberattacks can disrupt operations and result in significant losses.
• Cybersecurity Threats: Increasing sophistication of cyberattacks poses a risk to information systems and data security.
• Los Angeles Refinery Closure: The planned closure of the Los Angeles Refinery will result in asset write-downs and potential disruptions to supply chains.
• Growth in Midstream: The acquisition of Pinnacle Midstream and the pending acquisition of EPIC Y-Grade provide opportunities to expand the company’s natural gas and NGL infrastructure.
• Expansion in Chemicals: CPChem’s ongoing expansion projects on the U.S. Gulf Coast and in Qatar are expected to contribute to future growth.
• Energy Transition: The conversion of the San Francisco Refinery into the Rodeo Renewable Energy Complex positions the company to capitalize on the growing demand for renewable fuels.

Potential Implications

Company Performance

• Near-term challenges due to lower refining margins and the Los Angeles Refinery closure.
• Strategic investments in Midstream and Renewable Fuels position the company for long-term growth.
• Future performance will depend on the successful commercialization of renewable fuels and the management of feedstock costs and regulatory credits.
• Improved operational efficiency and profitability needed in the coming year.

Analyst Summary

• Total revenues increased by 14% from $9.3 billion in 2023 to $10.6 billion in 2024.
• Operating income increased by 11% from $939.9 million in 2023 to $1,041.3 million in 2024.
• Net cash provided by operating activities decreased by 31% from $1,053 million in 2023 to $723 million in 2024, primarily due to changes in working capital.
• The company returned $1,059 million to shareholders through stock repurchases and dividends.
• Identified material weaknesses in internal control over financial reporting related to ineffective information technology general controls.

Opportunities and Risks

• Opportunity: Strong demand for ocean transportation and airfreight out of Asia.
• Risk: Reduction in international commerce, intense competition, and failure to adapt to customer requirements.
• Risk: Dependence on personnel, reliance on technology, reliance on service providers, and potential disruptions from catastrophic events.
• Risk: Complex regulatory environment, anti-corruption laws, and adverse determinations in tax audits.
• Risk: Investigations and litigation, global health emergencies, and actions of activist investors.
• Risk: Material weaknesses in its internal control over financial reporting related to ineffective information technology general controls.

Potential Implications

Company Performance

• Management highlights strong demand for ocean transportation and airfreight out of Asia.
• Management acknowledges the impact of geopolitical tensions and port labor disruptions on supply chains.
• Management emphasizes the importance of maintaining good working relationships with service providers.
• Management notes the uncertainty in the global economic and trade environments, including inflation, volatility in oil prices, and high interest rates.

Stock Price

• Material Weaknesses in IT Controls: The most significant red flag is the identified material weaknesses in internal control over financial reporting related to ineffective information technology general controls. This could result in loss of investor confidence and adversely impact the stock price.

Analyst Summary

• Revenues decreased slightly from $6.777 billion in 2023 to $6.536 billion in 2024.
• Net earnings attributable to Martin Marietta increased significantly from $1.169 billion in 2023 to $1.995 billion in 2024, primarily due to a gain on the divestiture of the South Texas cement business.
• Gross profit margin remained relatively stable at 29% in 2024 compared to 30% in 2023.
• Total assets increased from $15.125 billion in 2023 to $18.170 billion in 2024, reflecting acquisitions.
• Long-term debt increased from $3.946 billion to $5.288 billion.
• Retained earnings increased from $4.563 billion to $5.915 billion.
• Cash provided by operating activities remained relatively stable at $1.5 billion in both 2024 and 2023.
• Net cash used for investing activities was $2.4 billion in 2024, primarily due to acquisitions.
• Gross Profit Margin (2024): 28.7%
• Operating Profit Margin (2024): 41.4%
• Net Profit Margin (2024): 30.5%
• Return on Assets (ROA): 11.0%
• Return on Equity (ROE): 21.1%
• Basic EPS: $32.50
• Diluted EPS: $32.41
• Current Ratio: 2.50
• Quick Ratio: 1.40
• Cash Ratio: 0.66
• Debt-to-Equity Ratio: 0.92
• Debt-to-Assets Ratio: 0.48
• Interest Coverage Ratio: 16.0
• Inventory Turnover: 4.43
• Days Sales Outstanding (DSO): 37.9 days
• Days Payable Outstanding (DPO): 29.4 days
• Asset Turnover: 0.36
• Price-to-Earnings Ratio (P/E): 15.1
• Price-to-Book Ratio (P/B): 3.16
• Price-to-Sales Ratio (P/S): 4.57
• Enterprise Value to EBITDA (EV/EBITDA): 10.4
• Revenue Growth: -3.6%
• Net Income Growth: 70.7%
• EPS Growth: 72.1%

Opportunities and Risks

• Economic Cyclicality: The construction industry is cyclical, and economic downturns can significantly impact demand for Martin Marietta’s products.
• Weather: Erratic weather patterns, including hurricanes, floods, and droughts, can disrupt production and shipments.
• Regulatory Changes: Environmental regulations, including those related to climate change, could increase operating costs.
• Competition: The building materials industry is highly competitive.
• Cybersecurity: The company is dependent on information technology and faces cybersecurity risks.
• Infrastructure Spending: The Infrastructure Investment and Jobs Act (IIJ Act) provides significant funding for infrastructure projects, increasing demand for aggregates and cement.
• Strategic Acquisitions: Continued consolidation in the industry provides opportunities for strategic acquisitions.
• Geographic Expansion: The company’s focus on high-growth regions positions it well for future growth.
• Sustainability: Increasing demand for sustainable building solutions could benefit the company’s cement and concrete business.

Potential Implications

Company Performance

• Monitor the impact of the IIJ Act on infrastructure spending and demand for Martin Marietta’s products.
• Track the company’s progress in integrating acquired businesses and achieving synergies.
• Assess the company’s ability to manage risks related to climate change and regulatory changes.
• Evaluate the company’s debt levels and its ability to maintain financial flexibility.

Analyst Summary

• Total revenue decreased by 8.2% from $986.48 million in 2023 to $905.81 million in 2024.
• Net income decreased significantly by 79.1% from $206.71 million in 2023 to $43.26 million in 2024.
• Occupancy (Comparable Portfolio) increased from 70.2% in 2023 to 72.1% in 2024.
• ADR (Comparable Portfolio) decreased from $333.37 in 2023 to $327.83 in 2024.
• RevPAR (Comparable Portfolio) increased from $234.03 in 2023 to $236.37 in 2024.
• Adjusted EBITDAre decreased by 12.8% from $263.45 million in 2023 to $229.69 million in 2024.
• Gross Profit Margin decreased by 0.15% from 61.82% to 61.73%.
• Operating Profit Margin decreased by 78.3% from 21.42% to 4.65%.
• Net Profit Margin decreased by 77.2% from 20.95% to 4.78%.
• Return on Assets (ROA) decreased by 78.8% from 6.56% to 1.39%.
• Return on Equity (ROE) decreased by 85.0% from 8.89% to 1.33%.
• Basic and Diluted Earnings Per Share (EPS) decreased by 84.9% from $0.93 to $0.14.
• Current Ratio decreased by 57.4% from 7.04 to 3.00.
• Quick Ratio decreased by 59.1% from 6.70 to 2.74.
• Cash Ratio decreased by 62.9% from 6.30 to 2.34.
• Debt-to-Equity Ratio increased by 5.3% from 0.38 to 0.40.
• Debt-to-Assets Ratio increased by 3.8% from 0.26 to 0.27.
• Interest Coverage Ratio decreased by 63.8% from 5.09 to 1.84.
• Asset Turnover decreased by 6.5% from 0.31 to 0.29.
• Price-to-Earnings Ratio (P/E) is 76.07.
• Price-to-Book Ratio (P/B) is 1016.
• Price-to-Sales Ratio (P/S) is 2.36.
• Enterprise Value to EBITDA (EV/EBITDA) is 12.94.
• Revenue Growth decreased by -8.2%.
• Net Income Growth decreased by -79.1%.
• EPS Growth decreased by -84.9%.

Opportunities and Risks

• Geographic Concentration: A significant portion of the company’s hotels are concentrated in California, Florida, Hawaii, and Washington D.C., exposing the company to regional economic and environmental risks.
• Inflationary Pressures: Inflation may increase operating costs, potentially impacting profitability.
• Reliance on Third-Party Managers: The company’s performance is dependent on the effectiveness of its third-party hotel managers.
• Debt Levels: The company has a significant amount of outstanding debt, which may restrict financial flexibility.
• Cybersecurity: The company and its third-party managers face ongoing cybersecurity threats.
• Improved Occupancy: Occupancy rates in the comparable portfolio have improved, indicating a recovery in demand.
• Strategic Acquisitions: The acquisition of the Hyatt Regency San Antonio Riverwalk provides an opportunity for revenue growth.
• Capital Recycling: The company’s strategy of recycling capital from slower-growth assets to higher-growth opportunities may enhance returns.
• Flexible Capital Structure: The company’s capital structure provides financial flexibility to execute its strategy.

Potential Implications

Stock Price

• A hold rating is suggested, pending further observation of the performance of renovated properties and the impact of macroeconomic factors on the lodging industry.
• Investors should closely monitor the company’s ability to manage operating expenses, maintain occupancy rates, and execute its capital recycling strategy.

Analyst Summary

• Net income increased by 63.0% to $103.5 million.
• Operating income increased by 21.4% to $151.9 million.
• Adjusted EBITDA increased by 1.5% to $272.8 million.
• Sales and other operating revenue decreased by 6.2% to $1,935.4 million.
• Domestic Coke capacity utilization remained at 100%.
• Adjusted EBITDA per ton (Domestic Coke) decreased to $58.27 from $61.25 in 2023.
• Gross Profit Margin increased from 16.41% to 17.16%.
• Operating Profit Margin increased from 6.06% to 7.85%.
• Net Profit Margin increased from 3.08% to 5.35%.
• Return on Assets (ROA) increased from 3.82% to 6.21%.
• Return on Equity (ROE) increased from 9.83% to 14.56%.
• Basic Earnings Per Share (EPS) increased from $0.68 to $1.13.
• Diluted Earnings Per Share (EPS) increased from $0.68 to $1.12.
• Current Ratio increased from 1.86 to 2.31.
• Quick Ratio increased from 1.04 to 1.43.
• Cash Ratio increased from 0.63 to 0.92.
• Debt-to-Equity Ratio decreased from 1.57 to 1.35.
• Debt-to-Assets Ratio decreased from 0.61 to 0.57.
• Interest Coverage Ratio increased from 4.58 to 6.49.
• Inventory Turnover is 8.79.
• Days Sales Outstanding (DSO) increased from 15.62 days to 18.22 days.
• Days Payable Outstanding (DPO) decreased from 36.44 days to 34.87 days.
• Asset Turnover decreased from 1.24 to 1.16.
• Price-to-Earnings Ratio (P/E) is 8.14.
• Price-to-Book Ratio (P/B) is 1.10.
• Price-to-Sales Ratio (P/S) is 0.40.
• Enterprise Value to EBITDA (EV/EBITDA) is 1.99.
• Revenue Growth is -6.19%.
• Net Income Growth is 63.00%.
• EPS Growth is 66.18%.
• Total Recordable Incident Rate (TRIR) decreased from 0.99 to 0.50.

Opportunities and Risks

• Customer Concentration: Dependence on a limited number of customers (Cliffs Steel and U.S. Steel).
• Operating Risks: Equipment failures, natural disasters, and other disruptions.
• Competition: From alternative steelmaking technologies and other logistics providers.
• Regulatory Risks: Environmental regulations and permitting requirements.
• Debt Levels: High indebtedness could limit financial flexibility.
• Cybersecurity: Potential for security breaches and data loss.
• Climate Change: Physical and transition risks associated with climate change.

Potential Implications

Stock Price

• Positive sentiment due to increased profitability metrics (net profit margin, ROA, ROE) could drive stock price appreciation.
• Negative sentiment due to revenue decline and customer concentration risk could pressure the stock price.
• Overall, the stock price may remain stable in the short term, with potential for upside if the company can address revenue growth and diversify its customer base.

Analyst Summary

• Net Sales increased by 2.5% from 2023 to $1,669.6 million in 2024.
• Gross Margin increased by 6.8% from 2023 to $462.1 million in 2024.
• Operating Income increased by 7.2% from 2023 to $266.2 million in 2024.
• Net Income increased by 8.3% from 2023 to $185.6 million in 2024.
• Gross Profit Margin increased from 26.6% in 2023 to 27.7% in 2024.
• Operating Profit Margin increased from 15.3% in 2023 to 15.9% in 2024.
• Cash flow from operations decreased from $189.0 million in 2023 to $105.4 million in 2024.
• Current Ratio increased from 1.85 in 2023 to 2.19 in 2024.
• Quick Ratio increased from 1.18 in 2023 to 1.42 in 2024.
• Cash Ratio increased from 0.45 in 2023 to 0.53 in 2024.
• Debt-to-Equity Ratio decreased from 12.5 in 2023 to 4.24 in 2024.
• Debt-to-Assets Ratio decreased from 0.93 in 2023 to 0.81 in 2024.
• Interest Coverage Ratio decreased from 9.63 in 2023 to 6.56 in 2024.
• Asset Turnover decreased from 1.50 in 2023 to 1.40 in 2024.

Opportunities and Risks

• Customer Concentration: Dependence on a few major customers makes Atmus vulnerable to their business cycles and purchasing decisions.
• Technological Disruption: The transition to electric vehicles and alternative power sources could erode the market for traditional filtration products.
• Supply Chain Disruptions: Raw material shortages, transportation delays, and labor issues could impact production and profitability.
• Competition: The filtration market is highly competitive, requiring continuous innovation and investment to maintain market share.
• Debt Levels: Substantial indebtedness could limit Atmus’s financial flexibility and ability to respond to industry changes.
• Expansion into Industrial Filtration: Diversifying into industrial filtration markets could provide new growth avenues and reduce reliance on the automotive sector.
• Technology Leadership: Leveraging its expertise in filtration technologies to develop solutions for electric vehicles and alternative power sources.
• Aftermarket Growth: Expanding its product portfolio and distribution channels to capture a larger share of the aftermarket.
• Global Footprint: Utilizing its global presence to serve diverse markets and mitigate regional economic risks.

Potential Implications

Company Performance

• Diversify its customer base: Reduce reliance on major customers by expanding relationships with smaller OEMs and aftermarket distributors.
• Invest in R&D for new technologies: Develop filtration solutions for electric vehicles and alternative power sources to stay ahead of the technology curve.
• Strengthen its supply chain: Diversify its supplier base and implement robust risk management strategies to mitigate supply chain disruptions.
• Explore strategic acquisitions: Consider acquisitions in the industrial filtration market to accelerate growth and diversification.

Analyst Summary

• Total revenue decreased by 19% from $1.57 billion in 2023 to $1.25 billion in 2024.
• The company reported a net loss of $218.8 million in 2024 compared to a net income of $211.9 million in 2023.
• Average natural gas price decreased from $2.40/Mcf in 2023 to $1.98/Mcf in 2024.
• Long-Term Debt increased from $2.64 billion in 2023 to $2.95 billion in 2024.
• Net cash from operating activities decreased significantly from $1.02 billion in 2023 to $620.3 million in 2024.
• Operating Margin decreased from 14.5% to -13.4%.
• DD&A per Mcfe increased from $1.16 to $1.51.
• The PV10 value decreased from $2,374,630 (thousands) in 2023 to $1,598,194 (thousands) in 2024.

Opportunities and Risks

• Price Volatility: The company’s performance is highly susceptible to fluctuations in natural gas prices.
• Reserve Replacement: Maintaining production levels requires continuous successful drilling and acquisition activities.
• Environmental Regulations: Stringent and evolving environmental regulations could increase operating costs.
• Debt Burden: High debt levels could restrict financial flexibility and growth opportunities.
• Cybersecurity Threats: Potential disruptions to operations and data breaches due to cyberattacks.
• Haynesville Shale: The company’s focus on the Haynesville shale, a premier natural gas basin, provides a solid foundation.
• Western Haynesville Expansion: Successful exploration and development in the Western Haynesville area could significantly increase reserves and production.
• LNG Export Demand: Proximity to Gulf Coast markets positions the company to benefit from increasing LNG exports.
• Midstream Venture: Pinnacle Gas Services LLC provides a strategic advantage in gathering and treating natural gas.

Potential Implications

Company Performance

• Maintaining capital discipline is crucial for navigating the low natural gas price environment.
• Successful development of Western Haynesville assets is essential for increasing reserves and production.
• The company’s profitability and reserve valuations are under pressure due to low natural gas prices.
• The company faces significant liquidity challenges, as indicated by its low current, quick, and cash ratios.
• The low-interest coverage ratio raises concerns about debt sustainability.

Stock Price

• The negative net income and EPS reflect a challenging operating environment, potentially impacting investor confidence.
• The decline in PV10 value suggests a deterioration in the value of its reserves, which could negatively affect the stock price.
• A high P/S ratio suggests potential overvaluation.

Analyst Summary

• Net revenues increased by 12.5% year-over-year, driven by the opening of Durango.
• Casino Revenue Margin: 72.2% (2024) vs. 74.0% (2023) – A slight decrease.
• Food and Beverage Margin: 18.1% (2024) vs. 21.9% (2023) – A notable decrease.
• Room Revenue Margin: 68.2% (2024) vs. 69.9% (2023) – A slight decrease.
• SG&A as % of Net Revenue: 22.3% (2024) vs. 21.7% (2023) – A slight increase.
• Total Assets: Increased from $3.95 billion to $4.05 billion.
• Long-term Debt: Increased from $3.30 billion to $3.35 billion.
• Gross Profit Margin: 61.1% (2024) vs. 62.4% (2023) -2.1% decrease
• Operating Profit Margin: 29.3% (2024) vs. 32.4% (2023) -9.6% decrease
• Net Profit Margin: 7.9% (2024) vs. 10.2% (2023) -22.5% decrease
• Return on Assets (ROA): 3.8% (2024) vs. 4.4% (2023) -13.6% decrease
• Return on Equity (ROE): 71.6% (2024) vs. 104.3% (2023) -31.3% decrease
• Basic EPS 2024: $2.61, Basic EPS 2023: $3.04, -14.1% decrease
• Diluted EPS 2024: $2.53, Diluted EPS 2023: $2.94, -13.9% decrease
• Current Ratio: 0.91 (2024) vs. 0.81 (2023) 12.3% increase
• Quick Ratio: 0.86 (2024) vs. 0.76 (2023) 13.2% increase
• Cash Ratio: 0.51 (2024) vs. 0.39 (2023) 30.8% increase
• Debt-to-Equity Ratio: 12.2 (2024) vs. 15.2 (2023) -19.7% decrease
• Debt-to-Assets Ratio: 0.92 (2024) vs. 0.94 (2023) -2.1% decrease
• Interest Coverage Ratio: 2.5 (2024) vs. 3.1 (2023) -19.4% decrease
• Asset Turnover: 0.48 (2024) vs. 0.44 (2023) 9.1% increase
• Price-to-Earnings Ratio (P/E): 19.7 (2024)
• Price-to-Book Ratio (P/B): 17.7 (2024)
• Price-to-Sales Ratio (P/S): 2.8 (2024)
• Enterprise Value to EBITDA (EV/EBITDA): 10.9 (2024)
• Revenue Growth: 12.5% (2024)
• Net Income Growth: -13.8% (2024)
• EPS Growth: -14.1% (2024)
• Adjusted EBITDA: $795,900 (2024), $745,968 (2023), 6.7% increase
• Native American Development Costs: $81.7 million (2024), $45.9 million (2023), 78% increase

Opportunities and Risks

• Las Vegas Market Dependence: The company’s concentration in the Las Vegas regional market makes it vulnerable to local economic downturns and increased competition.
• Competition: Intense competition from other casinos, including Native American gaming and potential expansion of online gaming, could negatively impact revenue.
• Substantial Indebtedness: High debt levels could limit financial flexibility and increase vulnerability to interest rate fluctuations.
• Construction Risks: Potential delays and cost overruns in current and future construction projects.
• Unionization: Potential for increased labor costs and disruptions due to union activities.
• Regulatory Risks: Extensive regulation and potential changes in gaming laws could adversely affect operations.
• Cybersecurity: Risk of data breaches and cyberattacks.
• Durango Casino & Resort: The new property is driving revenue growth and attracting new customers.
• Native American Project Development: The North Fork Project and potential future management agreements offer growth opportunities.
• Developable Land: The company’s land holdings in Las Vegas provide opportunities for future expansion.
• Equity Repurchase Program: The authorized repurchase program could enhance shareholder value.

Potential Implications

Stock Price

• A HOLD recommendation is appropriate at this time. Investors should closely monitor the company’s ability to improve profitability, manage its debt, and successfully execute its expansion plans.

Analyst Summary

• Net income of $37.7 million in 2024 compared to a net loss of $39.2 million in 2023 and $258.5 million in 2022.
• Net Interest Income increased to $5.3 million in 2024 from a negative $24.3 million in 2023.
• Yield on Average RMBS increased to 5.25% in 2024 from 4.28% in 2023.
• Average Cost of Funds increased to 5.35% in 2024 from 5.07% in 2023.
• Economic leverage was 7.3 to 1, and adjusted leverage was 7.5 to 1 as of December 31, 2024.
• Operating Profit Margin 2024: 22.52%, 2023: -11.66%
• Net Profit Margin 2024: 15.59%, 2023: -22.10%
• Return on Assets (ROA) 2024: 0.75%, 2023: -0.96%
• Return on Equity (ROE) 2024: 6.59%, 2023: -8.62%
• Basic and Diluted EPS 2024: $0.57, 2023: ($0.89)
• Current Ratio 2024: 0.09, 2023: 0.09
• Quick Ratio (Acid-Test Ratio) 2024: 0.09, 2023: 0.09
• Cash Ratio 2024: 0.07, 2023: 0.05
• Debt-to-Equity Ratio 2024: 7.56, 2023: 8.08
• Debt-to-Assets Ratio 2024: 88.32%, 2023: 88.98%
• Interest Coverage Ratio (Times Interest Earned) 2024: 1.02, 2023: 0.88
• Asset Turnover 2024: 0.05, 2023: 0.04
• Price-to-Earnings Ratio (P/E) 2024: 15.65, 2023: -10.02
• Price-to-Book Ratio (P/B) 2024: 1.10, 2023: 0.98
• Price-to-Sales Ratio (P/S) 2024: 3.05, 2023: 2.59
• Enterprise Value to EBITDA (EV/EBITDA) 2024: 18.90, 2023: 22.59
• Revenue Growth: 36.05%
• Net Income Growth: -195.99%
• EPS Growth: -164.04%
• Economic Net Interest Income (in thousands) 2024: $122,048, 2023: $67,945
• Adjusted Leverage 2024: 7.3:1, 2023: 6.7:1