CIXCompX International Inc.
Is the business good?
A genuinely good business: earnings fully cash-backed (1.2×) and margins widening.
Operating profit is fully backed by cash. Conversion is improving 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 14% = 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 CIX?
CompX International Inc. earns 23% 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% · 14 points above what the capital costs: growth creates value
- Operating margin
- 16%
Operating margin · Security & Protection Services median 13% · 12 months to Q2 2026
- Cash conversion
- 1.23×
Cash conversion · 1.03× a year ago · operating cash flow covers the operating profit after tax
- Gross margin
- 32%
Gross margin
| Year | Operating margin |
|---|---|
| FY2020 | 10% |
| FY2021 | 15% |
| FY2022 | 15% |
| FY2023 | 16% |
| FY2024 | 12% |
| FY2025 | 14% |
Details›
- Gross margin12 months to Q2 2026
- 32%
- Operating margin12 months to Q2 2026
- 16%
- Net margin12 months to Q2 2026
- 14%
- Free cash flow margin
- 13%
- Revenue, trailing twelve months
- $162M
- Free cash flow, trailing twelve months
- $21M
- Net income, trailing twelve months
- $22M
- Return on invested capitaloperating profit after tax ÷ debt + equity − cash
- 23%
Margins, capital and share counts from the statements as filed with the SEC; cash conversion is operating cash flow over operating profit after tax.
Security & Protection Services
Ranks #5 of 10 by RyuScore