Is the business good?
How good a business is DLX?
Deluxe Corporation earns 9.8% on the capital it employs against a 9.0% cost of capital, so the business is worth more the bigger it gets.
9.8%
Return on invested capital · cost of capital 9.0% · 0.79 points above what the capital costs: growth creates value
- Operating margin
- 12%
Operating margin · Conglomerates median 12% · 12 months to Q1 2026
- Cash conversion
- 1.64×
Cash conversion · 2.22× a year ago · every dollar of reported profit arrived as cash, and more
- Share count, year on year
- +2.2%
Share count, year on year · shareholders own a smaller slice than a year ago
| Year | Operating margin |
|---|---|
| FY2020 | 2.3% |
| FY2021 | 7.0% |
| FY2022 | 7.6% |
| FY2023 | 7.3% |
| FY2024 | 9.1% |
| FY2025 | 11% |
Details›
- Gross margin12 months to Q1 2026
- 53%
- Operating margin12 months to Q1 2026
- 12%
- Net margin12 months to Q1 2026
- 4.9%
- Free cash flow margin
- 8.0%
- Revenue, trailing twelve months
- $2.13B
- Free cash flow, trailing twelve months
- $170M
- Net income, trailing twelve months
- $104M
- Return on invested capitaloperating profit after tax ÷ debt + equity − cash
- 9.8%
Margins, capital and share counts from the statements as filed with the SEC; cash conversion from the cash flow statement.