GLBEGlobal-E Online Ltd.
Is the business good?
The checks split: nothing decisive, though earnings fully cash-backed (4.1×).
Operating profit is fully backed by cash.
A balanced mix of margins, efficiency, and leverage. ROE 7% = margin × turnover × leverage.
Where this answer is blind. The F-score rewards improvement, so an already-elite company can score mid-pack.
How good a business is GLBE?
Global-E Online Ltd. earns 9.2% 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% · 0.24 points above what the capital costs: growth creates value
- Operating margin
- 7.4%
Operating margin · Internet Retail median 6.0% · fiscal year to FY2025
- Cash conversion
- 4.09×
Cash conversion · operating cash flow covers the operating profit after tax
- Share count, year on year
- +5.2%
Share count, year on year · shareholders own a smaller slice than a year ago
| Year | Operating margin |
|---|---|
| FY2020 | 6.2% |
| FY2021 | −27% |
| FY2022 | −46% |
| FY2023 | −24% |
| FY2024 | −9.0% |
| FY2025 | 7.4% |
Details›
- Gross marginfiscal year to FY2025
- 45%
- Operating marginfiscal year to FY2025
- 7.4%
- Net marginfiscal year to FY2025
- 7.1%
- Free cash flow margin
- 29%
- R&D as % of revenue
- 13%
- Revenue, trailing twelve months
- $962M
- Free cash flow, trailing twelve months
- $281M
- Net income, trailing twelve months
- $68M
- Return on invested capitaloperating profit after tax ÷ debt + equity − cash
- 9.2%
Margins, capital and share counts from the statements as filed with the SEC; cash conversion is operating cash flow over operating profit after tax.
Internet Retail
Ranks #14 of 14 by RyuScore