Is the business good?
How good a business is TUYA?
Tuya Inc. earns 13% on the capital it employs against a 9.0% cost of capital, so the business is worth more the bigger it gets.
13%
Return on invested capital · cost of capital 9.0% · 3.9 points above what the capital costs: growth creates value
- Operating margin
- 3.6%
Operating margin · Software - Infrastructure median 6.1% · fiscal year to FY2025
- Cash conversion
- 1.28×
Cash conversion · every dollar of reported profit arrived as cash, and more
- Share count, year on year
- +3.9%
Share count, year on year · shareholders own a smaller slice than a year ago
| Year | Operating margin |
|---|---|
| FY2020 | −39% |
| FY2021 | −61% |
| FY2022 | −81% |
| FY2023 | −46% |
| FY2024 | −16% |
| FY2025 | 3.6% |
Details›
- Gross marginfiscal year to FY2025
- 48%
- Operating marginfiscal year to FY2025
- 3.6%
- Net marginfiscal year to FY2025
- 18%
- Free cash flow margin
- 23%
- R&D as % of revenue
- 28%
- Revenue, trailing twelve months
- $322M
- Free cash flow, trailing twelve months
- $74M
- Net income, trailing twelve months
- $58M
- Return on invested capitaloperating profit after tax ÷ debt + equity − cash
- 13%
Margins, capital and share counts from the statements as filed with the SEC; cash conversion from the cash flow statement.
Software - Infrastructure
Ranks #41 of 78 by Smart Score