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No institutional (13F) filings cover this company, so the Overview and 13F tabs are thin. Everything drawn from its SEC filings is here.
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What the company returns to shareholders — and whether it's covered by cash.
No dividend to cover. Last year: $0 dividends + $0 buybacks = $0 returned on -$4.8M FCF.
Yields use the latest fiscal-year dividends/buybacks over current market cap. Dividends and buybacks from the SEC cash-flow statement; payout coverage vs net income and free cash flow. Educational — not a recommendation.
How management deployed cash over 4 years — and what it earned on reinvestment.
A reinvestment story — most cash went back into growth rather than to shareholders.
Operating income fell despite reinvestment — a warning on capital productivity. Current ROIC on all capital: -70%. Rough measure (includes maintenance capex).
Cash uses aggregated from the SEC cash-flow statement over 4 fiscal years. "Return on reinvestment" is a rough proxy — operating-income change ÷ cumulative CapEx + M&A — and includes maintenance capex. Educational — not a recommendation.
A reverse discounted cash flow is not shown for a company with no positive EBITDA.
No positive EBITDA in the recent record, so there is no return on capital to compare against its cost.
Classified from the filings: EBITDA negative in each of the last 2 years.
How much the company owes, how it's trended, and how comfortably it's serviced.
Cash of $2.7M (at 2026-03-31) covers all $181K of scheduled principal — no refinancing pressure. Scheduled principal only (excludes interest & revolver draws). As of 2026-06-30 (10-Q). The cash figure is from 2026-03-31, so the two are not the same balance-sheet date — the schedule has not been refiled since.
Insufficient EBITDA/debt history.
Green ≤ 1.5× · amber ≤ 3× · red > 3× (leverage relative to cash earnings).
Thin coverage — earnings barely cover interest. Effective rate ~2.9% on $470K of debt.
Cash of $2.7M fully covers short-term debt of $22K.
Mostly long-term debt (balance-sheet current vs non-current split). See the maturity ladder above for the year-by-year repayment schedule.
Debt, cash, interest and equity from the SEC balance sheet & income statement. Effective rate = interest ÷ average debt. Maturity ladder from the SEC long-term-debt repayment schedule. Educational — not a recommendation.
EOD close · as of 2026-10-30
How a revenue dollar becomes profit — FY2026
Dividends and buybacks are cash paid out, shown here against the same year's profit for scale — not funded from it.
Each value shows its share of revenue below it (common-size).
| Line Item | FY2026 | FY2025 | FY2024 | FY2023 |
|---|---|---|---|---|
| Revenue | $717K 100.0% | $202K 100.0% | $531K 100.0% | $1.1M 100.0% |
| Cost of Revenue | $553K 77.1% | $113K 56.1% | $356K 67.0% | $751K 68.3% |
| Gross Profit | $164K 22.9% | $89K 43.9% | $175K 33.0% | $348K 31.7% |
| Selling, General & Admin | $1.4M 201.7% | $370K 183.2% | $152K 28.6% | $105K 9.6% |
| Total Operating Expenses | $8.2M 1141.4% | $776K 384.1% | $262K 49.4% | $187K 17.0% |
| Operating Income | -$8.0M -1118.5% | -$687K -340.2% | -$87K -16.5% | $162K 14.7% |
| Interest Expense | $14K 1.9% | $48K 24.0% | $7K 1.3% | — |
| Other Income (Expense), net | -$4K -0.6% | -$27K -13.6% | -$6K -1.1% | $12K 1.1% |
| Pretax Income | -$8.0M -1119.1% | -$715K -353.8% | -$93K -17.6% | $174K 15.9% |
| Income Tax Expense | $66 0.0% | — | — | — |
| Net Income | -$8.0M -1119.1% | -$715K -353.8% | -$93K -17.6% | $174K 15.9% |
| Per Share | ||||
| EPS (Basic) | — | -$0.08 | -$0.01 | $0.02 |
| EPS (Diluted) | — | -$0.08 | -$0.01 | $0.02 |
| Weighted Avg Shares (Basic) | — | 8.7M | 7.7M | 7.7M |
| Weighted Avg Shares (Diluted) | — | 8.7M | 7.7M | 7.7M |
Source: SEC EDGAR XBRL filings (annual, fiscal year). Quarterly flow items are derived from cumulative filings; balance-sheet figures are as-of each period end. Ratios and margins are computed, not reported.
Ranked against 38 sector peers with collected financials. Valuation from latest close × latest fiscal-year fundamentals; 13F conviction as of 2026-09-30.
Percentile is “goodness” within the peer set (100 = best). For valuation and leverage that means cheaper / less-levered ranks higher.
| Company | Mkt cap ▼ | P/E | EV/EBITDA | P/S | Rev gr | Gross | Net | ROE | ROIC | Net D/EBITDA | 13F |
|---|---|---|---|---|---|---|---|---|---|---|---|
| IQV | $45.3B | 35.1× | 17.8× | 2.8× | 5.9% | — | 8.3% | 20.9% | 6.1% | 4.1× | 319 |
| PAYX | $38.9B | 22.4× | 14.4× | 6.0× | 16.9% | 74.3% | 27.0% | 47.1% | 21.2% | 1.2× | 517 |
| INCY | $23.7B | 18.2× | 12.8× | 4.6× | 21.2% | 92.8% | 25.0% | 24.9% | 24.9% | -1.9× | 239 |
| MEDP | $19.0B | 44.3× | 32.8× | 7.5× | 20.0% | — | 17.8% | 98.3% | 98.3% | -0.9× | 174 |
| CRL | $18.0B | — | 41.4× | 4.5× | -0.9% | — | -3.6% | -4.6% | -4.6% | -0.5× | 132 |
| ICLR | $16.1B | 74.3× | 22.2× | 2.0× | 0.8% | — | 2.8% | 2.5% | 1.9% | 2.7× | 86 |
| ULS | $15.2B | 47.2× | 21.7× | 5.0× | 6.4% | 49.5% | 10.6% | 25.8% | 18.5% | 0.3× | 72 |
| IT | $14.2B | 23.3× | 12.6× | 2.2× | 3.7% | 68.8% | 11.2% | 228% | 22.1% | 1.0× | 163 |
| BAH | $10.0B | 12.2× | 11.1× | 0.9× | -6.4% | 52.7% | 7.6% | 77.0% | 16.9% | 2.7× | 118 |
| TTEK | $9.8B | 41.0× | 22.2× | 1.8× | 4.7% | 17.7% | 4.6% | 13.9% | 9.7% | 1.3× | 123 |
| ACM | $8.2B | 15.1× | 6.2× | 0.5× | 0.2% | 7.5% | 3.5% | 22.5% | 22.5% | -1.5× | 125 |
| G | $6.5B | 12.4× | 8.8× | 1.3× | 6.6% | 36.0% | 10.9% | 21.7% | 13.5% | 0.8× | 112 |
| FCN | $5.0B | 22.0× | 11.7× | 1.3× | 2.4% | 32.1% | 7.1% | 15.6% | 12.9% | 0.2× | 66 |
| VSEC | $4.4B | 281.9× | 35.3× | 3.9× | 41.5% | — | 1.1% | 0.8% | 0.7% | 1.7× | 74 |
| EXPO | $3.7B | 37.8× | — | 6.4× | 4.2% | — | 18.2% | 27.2% | 27.2% | — | 76 |
| HURN | $3.1B | 33.0× | 16.9× | 1.8× | 11.7% | — | 6.2% | 19.9% | 10.1% | 2.3× | 48 |
| VVX | $2.5B | 32.9× | 17.1× | 0.6× | 3.7% | 8.3% | 1.7% | 7.2% | 3.6% | 5.2× | 62 |
| NEO | $2.3B | — | — | 3.2× | 10.1% | 43.2% | -14.9% | -12.9% | -9.2% | — | 56 |
| ASTH | $1.8B | 79.6× | 19.5× | 0.6× | 56.4% | — | 0.7% | 2.9% | 1.2% | 4.9× | 35 |
| ICFI | $1.7B | 19.4× | 10.4× | 0.9× | -7.3% | 37.2% | 4.9% | 8.9% | 6.4% | 1.9× | 35 |
| WLDN | $1.2B | 22.1× | 18.4× | 1.7× | 20.5% | 37.5% | 7.7% | 17.2% | 14.9% | -0.3× | 37 |
| BWMN | $711M | 58.7× | 20.6× | 1.4× | 14.9% | 53.4% | 2.6% | 4.9% | 4.0% | 1.3× | 22 |
| MG | $644M | 38.1× | 11.1× | 0.9× | -0.8% | 28.2% | 2.3% | 7.2% | 4.1% | 2.1× | 24 |
| ONT | $523M | — | 33.3× | 0.6× | 19.3% | 40.3% | -0.1% | -0.2% | -0.1% | 11.5× | — |
| NRC | $498M | 0.5× | — | 3.6× | -4.0% | — | 8.4% | 82.9% | 12.5% | — | 22 |
| OFAL | $2M | — | — | 2.8× | 255% | 22.9% | — | -73.0% | -70.0% | — | — |
Peers = companies sharing OFAL's sector (Services-Engineering Services) with collected SEC financials. Multiples use the most recent end-of-day close and latest fiscal-year fundamentals (trailing, not forward). Missing cells mean the peer never reported that line item, has no collected price, or has a non-positive denominator. Not investment advice.
EOD close · as of 2026-10-30
Is the profit real, and how strong is the balance sheet?
FY2026 · every deduction from revenue to net income
DuPont — the three levers
ROE -73% against ROIC -70% — -3% of the return on equity comes from leverage and buybacks rather than from the operating business.
Equity is the year-end figure. On average equity over the two year-ends, ROE is -150.6% — the two diverge when buybacks or issuance move equity during the year.
What the company owes vs. what it holds
This shows debt/cash structure and net leverage. The year-by-year maturity schedule is on the Debt & Leverage tab.
Latest year: profit growth vs revenue growth
High operating leverage: profit moved 4.2× as fast as sales — great in an upturn, painful in a downturn.
Each line as % of revenue — the trend in color
| % of revenue | FY2023 | FY2024 | FY2025 | FY2026 |
|---|---|---|---|---|
| Cost of Revenue | 68.3 | 67.0 | 56.1 | 77.1 |
| Gross Profit | 31.7 | 33.0 | 43.9 | 22.9 |
| SG&A | 9.6 | 28.6 | 183.2 | 201.7 |
| Operating Income | 14.7 | -16.5 | -340.2 | -1118.5 |
| Income Tax | — | — | — | 0.0 |
| Net Income | 15.9 | -17.6 | -353.8 | -1119.1 |
Green = margin-favorable vs the row's own range · red = unfavorable.
The metrics that matter, over time
A 30-second read on OFAL: price, valuation and headline fundamentals from SEC filings. The four questions at the top of the page are where the judgements live.
No positive operating income in the last three years, so there is no return on capital to compare against its cost.
| Fiscal year | Gross margin | Operating margin | Net margin |
|---|---|---|---|
| FY2023 | 31.7% | 14.7% | 15.9% |
| FY2024 | 33.0% | -16.5% | -17.6% |
| FY2025 | 43.9% | -340.2% | -353.8% |
| FY2026 | 22.9% | -1118.5% | -1119.1% |
No material counter-signal in the checked set: ROIC vs WACC spread, 5-year spread history, gross margin trend, operating margin trend, net margin against 3 years ago, revenue growth, ROIC ex-goodwill gap.
Missing from our data, so excluded from this answer: tax_rate.
Fewer than three profitable years with a cash flow statement, so cash conversion cannot be judged.
No material counter-signal in the checked set: FCF / net income over 3 and 5 years, Sloan accruals, SBC as a share of revenue, SBC as a share of operating cash flow, SBC-adjusted free cash flow, free cash flow per diluted share, buybacks against SBC issued, capex vs depreciation, free cash flow against revenue, share count since the first year on file, cash conversion cycle (DSO, DIO, DPO), receivables growth against revenue growth.
Missing from our data, so excluded from this answer: 3 years of cash flow.
Debt is present but there is no positive EBITDA or no reported interest expense, so coverage cannot be measured.
Ladder as of 2026-06-30 (10-Q); cash from the 2026-03-31 balance sheet; FCF from FY2026. Free cash flow is negative, so projected resources fall rather than accumulate.
Balance sheet at 2026-03-31. Undrawn revolving credit is not shown: the tag is collected but not yet mapped through to the API.
No material counter-signal in the checked set: net debt / EBITDA, interest coverage, stressed coverage, maturity schedule vs cash and one year of FCF, liquidity ratios.
Missing from our data, so excluded from this answer: ebitda.
No positive free cash flow to discount, so the price cannot be expressed as a growth requirement.
No material counter-signal in the checked set: reverse-DCF implied growth, historical FCF CAGR, per-year FCF growth distribution, reporting-basis breaks, discount rate used, free-cash-flow basis (stock comp charged?).
Missing from our data, so excluded from this answer: free_cash_flow.