BBCPConcrete Pumping Holdings, Inc.
Is the business good?
The checks split: earnings fully cash-backed (2.2×), but margins compressing.
Operating profit is fully backed by cash. Conversion is worsening vs a year ago.
Positive operating leverage, operating profit is growing faster than sales, so margins widen as the business scales.
A balanced mix of margins, efficiency, and leverage. ROE 3% = margin × turnover × leverage.
Unless marked, from derived.
Where this answer is blind. The F-score rewards improvement, so an already-elite company can score mid-pack.
How good a business is BBCP?
Concrete Pumping Holdings, Inc. earns 5.9% on the capital it employs against a 9.0% cost of capital, so growth costs more than it returns.
Return on invested capital · cost of capital 9.0% · 3.0 points below what the capital costs: growth destroys value
- Operating margin
- 11%
Operating margin · Engineering & Construction median 7.5% · 12 months to Q3 2026
- Cash conversion
- 2.16×
Cash conversion · 2.30× a year ago · operating cash flow covers the operating profit after tax
- Share count, year on year
- −1.6%
Share count, year on year · bought back, each share owns more of the company
| Year | Operating margin |
|---|---|
| FY2020 | −10% |
| FY2021 | 12% |
| FY2022 | 12% |
| FY2023 | 14% |
| FY2024 | 12% |
| FY2025 | 11% |
Details›
- Gross margin12 months to Q3 2026
- 38%
- Operating margin12 months to Q3 2026
- 11%
- Net margin12 months to Q3 2026
- 2.5%
- Free cash flow margin
- 3.7%
- Revenue, trailing twelve months
- $423M
- Free cash flow, trailing twelve months
- $16M
- Net income, trailing twelve months
- $10M
- Return on invested capitaloperating profit after tax ÷ debt + equity − cash
- 5.9%
Margins, capital and share counts from the statements as filed with the SEC; cash conversion is operating cash flow over operating profit after tax.
Engineering & Construction
Ranks #8 of 25 by RyuScore