Is the business good?
How good a business is EXPO?
Exponent, Inc. earns 45% on the capital it employs against a 9.0% cost of capital, so the business is worth more the bigger it gets.
45%
Return on invested capital · cost of capital 9.0% · 36 points above what the capital costs: growth creates value
- Cash conversion
- 0.97×
Cash conversion · 1.18× a year ago · some of the reported profit has not turned into cash yet
- Share count, year on year
- −4.9%
Share count, year on year · bought back, each share owns more of the company
| Year | Operating margin |
|---|---|
| FY2020 | 21% |
| FY2021 | 23% |
| FY2022 | 27% |
| FY2023 | 21% |
| FY2024 | 21% |
| FY2025 | 21% |
Details›
- Free cash flow, trailing twelve months
- $109M
- Net income, trailing twelve months
- $112M
- Return on invested capitaloperating profit after tax ÷ debt + equity − cash
- 45%
Margins, capital and share counts from the statements as filed with the SEC; cash conversion from the cash flow statement.
Engineering & Construction
Ranks #4 of 27 by Smart Score