JBIJanus International Group, Inc.
Is the business good?
The checks split: earnings fully cash-backed (1.8×), but margins compressing.
Operating profit is fully backed by cash. Conversion is worsening vs a year ago.
Operating margin has narrowed over the past few years, profitability per dollar of sales is eroding.
A balanced mix of margins, efficiency, and leverage. ROE 8% = 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 JBI?
Janus International Group, Inc. earns 6.7% on the capital it employs against a 9.0% cost of capital, so growth costs more than it returns.
Return on invested capital · cost of capital 9.0% · 2.3 points below what the capital costs: growth destroys value
- Operating margin
- 9.3%
Operating margin · Building Products & Equipment median 9.3% · 12 months to Q2 2026
- Cash conversion
- 1.78×
Cash conversion · 2.85× a year ago · operating cash flow covers the operating profit after tax
- Share count, year on year
- −2.4%
Share count, year on year · bought back, each share owns more of the company
| Year | Operating margin |
|---|---|
| FY2020 | 17% |
| FY2021 | 12% |
| FY2022 | 18% |
| FY2023 | 23% |
| FY2024 | 15% |
| FY2025 | 13% |
Details›
- Gross margin12 months to Q2 2026
- 36%
- Operating margin12 months to Q2 2026
- 9.3%
- Net margin12 months to Q2 2026
- 3.7%
- Free cash flow margin
- 9.2%
- Revenue, trailing twelve months
- $902M
- Free cash flow, trailing twelve months
- $83M
- Net income, trailing twelve months
- $33M
- Return on invested capitaloperating profit after tax ÷ debt + equity − cash
- 6.7%
Margins, capital and share counts from the statements as filed with the SEC; cash conversion is operating cash flow over operating profit after tax.
Building Products & Equipment
Ranks #4 of 19 by RyuScore