SEISolaris Energy Infrastructure, Inc.
Is the business good?
A genuinely good business: earnings fully cash-backed (3.0×) and margins widening.
Operating profit is fully backed by cash. Conversion is improving vs a year ago.
Positive operating leverage, operating profit is growing faster than sales, so margins widen as the business scales.
A balanced mix of margins, efficiency, and leverage. ROE 6% = margin × turnover × leverage.
Unless marked, from derived.
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 SEI?
Solaris Energy Infrastructure, Inc. earns 8.7% 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% · 0.34 points below what the capital costs: growth destroys value
- Operating margin
- 24%
Operating margin · Oil & Gas Equipment & Services median 10% · 12 months to Q2 2026
- Cash conversion
- 3.03×
Cash conversion · 1.08× a year ago · operating cash flow covers the operating profit after tax
| Year | Operating margin |
|---|---|
| FY2020 | −58% |
| FY2021 | −0.24% |
| FY2022 | 13% |
| FY2023 | 17% |
| FY2024 | 17% |
| FY2025 | 22% |
Details›
- Operating margin12 months to Q2 2026
- 24%
- Net margin12 months to Q2 2026
- 7.2%
- Free cash flow margin
- −95%
- Revenue, trailing twelve months
- $762M
- Free cash flow, trailing twelve months
- −$728M
- Net income, trailing twelve months
- $55M
- Return on invested capitaloperating profit after tax ÷ debt + equity − cash
- 8.7%
Margins, capital and share counts from the statements as filed with the SEC; cash conversion is operating cash flow over operating profit after tax.
Oil & Gas Equipment & Services
Ranks #20 of 29 by RyuScore