BKVBKV Corporation
Is the business good?
The checks split: nothing decisive, though earnings fully cash-backed (0.9×).
Operating profit is fully backed by cash. Conversion is worsening vs a year ago.
Margin-driven, fat margins on slower asset turns. ROE 9% = margin × turnover × leverage.
Against the whole market›
Percentile against every name Ryufin tracks. Higher is better; the tick marks the middle of the market. Context, not one of the checks above.
Where this answer is blind. The F-score rewards improvement, so an already-elite company can score mid-pack.
How good a business is BKV?
BKV Corporation earns 11% on the capital it employs against a 9.0% cost of capital, so the business is worth more the bigger it gets.
Return on invested capital · cost of capital 9.0% · 1.6 points above what the capital costs: growth creates value
- Operating margin
- 34%
Operating margin · Oil & Gas E&P median 25% · 12 months to Q2 2026
- Cash conversion
- 0.93×
Cash conversion · 3.59× a year ago · operating cash flow covers the operating profit after tax
- Share count, year on year
- +29%
Share count, year on year · shareholders own a smaller slice than a year ago
| Year | Operating margin |
|---|---|
| FY2022 | 18% |
| FY2023 | 24% |
| FY2024 | −8.0% |
| FY2025 | 27% |
Details›
- Operating margin12 months to Q2 2026
- 34%
- Net margin12 months to Q2 2026
- 19%
- Free cash flow margin
- −1.3%
- Revenue, trailing twelve months
- $1.40B
- Free cash flow, trailing twelve months
- −$18M
- Net income, trailing twelve months
- $273M
- Return on invested capitaloperating profit after tax ÷ debt + equity − cash
- 11%
Margins, capital and share counts from the statements as filed with the SEC; cash conversion is operating cash flow over operating profit after tax.