KEELKeel Infrastructure Corp.
Is the business good?
2 of 9 health tests passed. That is the only one of 4 checks this filer's data supports, so take it as a single data point rather than a settled answer.
Weak, deteriorating fundamentals. Nine pass/fail tests of year-over-year health from the filings.
Where this answer is blind. The F-score rewards improvement, so an already-elite company can score mid-pack.
How good a business is KEEL?
Keel Infrastructure Corp. earns −36% 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% · 45 points below what the capital costs: growth destroys value
- Operating margin
- −150%
Operating margin · Information Technology Services median 8.0% · 12 months to Q2 2026
- Gross margin
- −66%
Gross margin
| Year | Operating margin |
|---|---|
| FY2023 | −42% |
| FY2024 | −21% |
| FY2025 | −65% |
Details›
- Gross margin12 months to Q2 2026
- −66%
- Operating margin12 months to Q2 2026
- −150%
- Net margin12 months to Q2 2026
- −154%
- Free cash flow margin
- −186%
- Revenue, trailing twelve months
- $176M
- Free cash flow, trailing twelve months
- −$327M
- Net income, trailing twelve months
- −$271M
- Return on invested capitaloperating profit after tax ÷ debt + equity − cash
- −36%
Margins, capital and share counts from the statements as filed with the SEC; cash conversion is operating cash flow over operating profit after tax.
Information Technology Services
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