YBYuanbao Inc.
Is the business good?
A genuinely good business: earnings fully cash-backed (1.2×) and elite returns on assets.
Operating profit is fully backed by cash. Conversion is worsening vs a year ago.
High-quality, exceptional returns on the assets themselves, not leverage. ROE 39% = margin × turnover × leverage.
Where this answer is blind. The F-score rewards improvement, so an already-elite company can score mid-pack.
How good a business is YB?
Yuanbao Inc. keeps 31% of every revenue dollar as operating profit, against 6.4% for the median Software - Application name.
Operating margin · Software - Application median 6.4% · fiscal year to FY2025
- Cash conversion
- 1.21×
Cash conversion · 1.45× a year ago · operating cash flow covers the operating profit after tax
- Share count, year on year
- +5.4%
Share count, year on year · shareholders own a smaller slice than a year ago
- R&D as % of revenue
- 8.3%
R&D as % of revenue
| Year | Operating margin |
|---|---|
| FY2023 | 8.6% |
| FY2024 | 26% |
| FY2025 | 31% |
Details›
- Gross marginfiscal year to FY2025
- 96%
- Operating marginfiscal year to FY2025
- 31%
- Net marginfiscal year to FY2025
- 30%
- Free cash flow margin
- 34%
- R&D as % of revenue
- 8.3%
- Revenue, trailing twelve months
- $4.37B
- Free cash flow, trailing twelve months
- $1.48B
- Net income, trailing twelve months
- $1.31B
Margins, capital and share counts from the statements as filed with the SEC; cash conversion is operating cash flow over operating profit after tax.
Software, Application
The closest names by size in the same industry