RDNTRadNet, Inc.
Is the business good?
The checks split: nothing decisive, though earnings fully cash-backed (8.0×).
Operating profit is fully backed by cash. Conversion is improving vs a year ago.
Operating profit is falling even as sales grow, costs are outrunning the top line.
Against the whole market›
Percentile against every name Ryufin tracks. Higher is better; the tick marks the middle of the market. Context, not one of the checks above.
Where this answer is blind. The F-score rewards improvement, so an already-elite company can score mid-pack.
How good a business is RDNT?
RadNet, Inc. earns 3.2% 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% · 5.8 points below what the capital costs: growth destroys value
- Operating margin
- 3.1%
Operating margin · Diagnostics & Research median 3.6% · 12 months to Q2 2026
- Cash conversion
- 7.95×
Cash conversion · 4.59× a year ago · operating cash flow covers the operating profit after tax
- Share count, year on year
- +4.2%
Share count, year on year · shareholders own a smaller slice than a year ago
| Year | Operating margin |
|---|---|
| FY2020 | 3.3% |
| FY2021 | 6.3% |
| FY2022 | 3.2% |
| FY2023 | 6.1% |
| FY2024 | 5.7% |
| FY2025 | 3.0% |
Details›
- Operating margin12 months to Q2 2026
- 3.1%
- Net margin12 months to Q2 2026
- −0.93%
- Free cash flow margin
- 3.2%
- Revenue, trailing twelve months
- $2.27B
- Free cash flow, trailing twelve months
- $72M
- Net income, trailing twelve months
- −$21M
- Return on invested capitaloperating profit after tax ÷ debt + equity − cash
- 3.2%
Margins, capital and share counts from the statements as filed with the SEC; cash conversion is operating cash flow over operating profit after tax.