Is the business good?
How good a business is DJT?
Trump Media & Technology Group Corp. earns −24% on the capital it employs against a 9.0% cost of capital, so growth costs more than it returns.
−24%
Return on invested capital · cost of capital 9.0% · 33 points below what the capital costs: growth destroys value
- Operating margin
- −22156%
Operating margin · Internet Content & Information median 6.3% · 12 months to Q1 2026
- Share count, year on year
- +25%
Share count, year on year · shareholders own a smaller slice than a year ago
- R&D as % of revenue
- 1034%
R&D as % of revenue
| Year | Operating margin |
|---|---|
| FY2022 | −1581% |
| FY2023 | −387% |
| FY2024 | −5141% |
| FY2025 | −15561% |
Details›
- Gross margin12 months to Q1 2026
- 24%
- Operating margin12 months to Q1 2026
- −22156%
- Net margin12 months to Q1 2026
- −29108%
- Free cash flow margin
- 1120%
- R&D as % of revenue
- 1034%
- Revenue, trailing twelve months
- $3.7M
- Free cash flow, trailing twelve months
- $42M
- Net income, trailing twelve months
- −$1.09B
- Return on invested capitaloperating profit after tax ÷ debt + equity − cash
- −24%
Margins, capital and share counts from the statements as filed with the SEC; cash conversion from the cash flow statement.
Internet Content & Information
Ranks #23 of 24 by Smart Score