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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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Ranked against 10 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| PWR | $93.5B | 91.3× | 49.0× | 3.3× | 20.3% | 15.0% | 3.6% | 11.5% | 6.9% | 2.8× | 614 |
| FIX | $43.4B | 42.7× | 190.7× | 23.7× | -73.9% | 22.0% | 55.8% | 41.8% | 39.4% | -3.8× | 356 |
| EME | $29.8B | 24.1× | 16.1× | 1.8× | 16.6% | 19.3% | 7.5% | 34.6% | 34.6% | -0.6× | 339 |
| IESC | $8.7B | 13.7× | 20.0× | 2.6× | 16.9% | 25.5% | 9.1% | 34.6% | 34.6% | -0.3× | 89 |
| AGX | $4.8B | 35.3× | 32.9× | 5.1× | 8.1% | 20.5% | 14.6% | 29.8% | 29.8% | -2.5× | 108 |
| LGN | $3.0B | — | 38.4× | 1.2× | 21.5% | 21.0% | -2.3% | -15.2% | -4.9% | 6.4× | 30 |
| AMRC | $1.1B | 19.0× | 13.2× | 0.6× | 28.8% | 14.5% | 3.2% | 5.6% | 2.1% | 7.7× | 25 |
| LMB | $577M | 15.0× | 8.9× | 0.9× | 24.7% | 26.2% | 6.0% | 20.0% | 16.9% | 0.4× | 21 |
| BBCP | $516M | 113.7× | 9.3× | 1.3× | -7.7% | 38.5% | 1.6% | 2.4% | 0.9% | 3.9× | 17 |
| PHOE | $361M | — | — | 50.1× | -2.2% | 4.6% | -16.7% | -19.5% | -19.5% | — | — |
| MTRX | $265M | — | — | 0.3× | 13.6% | 7.3% | -0.3% | -1.8% | -1.8% | — | 19 |
Peers = companies sharing PHOE's sector (Construction - Special Trade Contractors) 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.
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.
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: -20%. 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.
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 | $7.2M 100.0% | $7.4M 100.0% | $5.8M 100.0% | $2.2M 100.0% |
| Cost of Revenue | $6.9M 95.4% | $5.2M 70.5% | $4.3M 74.2% | $1.7M 74.6% |
| Gross Profit | $330K 4.6% | $2.2M 29.5% | $1.5M 25.8% | $565K 25.4% |
| Selling, General & Admin | $1.5M 21.4% | $878K 11.9% | $251K 4.4% | $188K 8.5% |
| Total Operating Expenses | $1.5M 21.4% | $878K 11.9% | $251K 4.4% | $188K 8.5% |
| Operating Income | -$1.2M -16.8% | $1.3M 17.6% | $1.2M 21.4% | $377K 16.9% |
| Interest Expense | $2K 0.0% | $733 0.0% | $820 0.0% | $1K 0.1% |
| Other Income (Expense), net | $7K 0.1% | -$670 -0.0% | $7K 0.1% | $15K 0.7% |
| Pretax Income | -$1.2M -16.7% | $1.3M 17.6% | $1.2M 21.5% | $392K 17.6% |
| Income Tax Expense | -$2K -0.0% | $271K 3.7% | $183K 3.2% | $41K 1.8% |
| Net Income | -$1.2M -16.7% | $1.0M 13.9% | $1.1M 18.4% | $351K 15.8% |
| Per Share | ||||
| EPS (Basic) | -$0.06 | $0.06 | $0.07 | $0.02 |
| EPS (Diluted) | -$0.06 | $0.06 | $0.07 | $0.02 |
| Weighted Avg Shares (Basic) | 21.5M | 18.1M | 16.1M | 16.1M |
| Weighted Avg Shares (Diluted) | 21.5M | 18.1M | 16.1M | 16.1M |
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.
Solve the discounted cash flow backwards, then stress-test the assumptions.
Average free cash flow across the last 2 positive fiscal years (FY2024, FY2025). Smooths the cycle. Stock compensation is NOT charged — it is added back inside operating cash flow.
To be worth $16.73 today, the market must believe free cash flow compounds 53.0%/yr for a decade (off $840K on the 3-yr avg basis).
Default is 10.4% — this company's computed cost of capital (computed WACC), the same rate the Analysis tab discounts at.
2-stage DCF · 0.02B shares (market data) · net debt -$893K
Reverse DCF: rather than guessing a fair value, we solve for the growth the current price implies, then you stress-test the assumptions. Enterprise value of the FCF stream, less net debt, ÷ shares. Educational — not a recommendation.
How much the company owes, how it's trended, and how comfortably it's serviced.
Insufficient EBITDA/debt history.
Green ≤ 1.5× · amber ≤ 3× · red > 3× (leverage relative to cash earnings).
Thin coverage — earnings barely cover interest.
Cash vs short-term debt unavailable.
Short-term / long-term split not separately reported.
Debt, cash, interest and equity from the SEC balance sheet & income statement. Effective rate = interest ÷ average debt. Educational — not a recommendation.
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 -20% against ROIC -20% — 0% 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 -25.9% — 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 86.4× 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 | 74.6 | 74.2 | 70.5 | 95.4 |
| Gross Profit | 25.4 | 25.8 | 29.5 | 4.6 |
| SG&A | 8.5 | 4.4 | 11.9 | 21.4 |
| Operating Income | 16.9 | 21.4 | 17.6 | -16.8 |
| Income Tax | 1.8 | 3.2 | 3.7 | -0.0 |
| Net Income | 15.8 | 18.4 | 13.9 | -16.7 |
Green = margin-favorable vs the row's own range · red = unfavorable.
The metrics that matter, over time
A 30-second read on PHOE: price, valuation and headline fundamentals from SEC filings. The four questions at the top of the page are where the judgements live.
Earns -29.09pts against its cost of capital — capital is being consumed, not created.
| Period | ROIC | Cost of capital | Spread |
|---|---|---|---|
| FY2023 | 48.9% | 10.4% (today's — no rate published for this year) | 38.5pts |
| FY2024 | 106.0% | 10.0% | 96.0pts |
| FY2025 | 121.2% | 11.5% | 109.7pts |
| FY2026 | -18.7% | 10.0% | -28.7pts |
| Now | -19.5% | 10.4% | -29.9pts |
| Fiscal year | Gross margin | Operating margin | Net margin |
|---|---|---|---|
| FY2023 | 25.4% | 16.9% | 15.8% |
| FY2024 | 25.8% | 21.4% | 18.4% |
| FY2025 | 29.5% | 17.6% | 13.9% |
| FY2026 | 4.6% | -16.8% | -16.7% |
Return on equity (-20%) and return on invested capital (-20%) are within a couple of points in FY2026, so the headline return is the operating return — there is no meaningful leverage effect to strip out.
ROIC ex-goodwill is -18.71% against -18.71% reported — the return is earned on a capital base inflated by what was paid for acquisitions, not by the operating business alone.
Accruals are positive and DSO is up +221 days over 3 years — profit is being recognised ahead of collection.
Accruals are positive and DSO is up +221 days over 3 years. Either alone is explainable; together they are revenue recognised ahead of collection.
Missing from our data, so excluded from this answer: share_based_compensation.
Debt is present but there is no positive EBITDA or no reported interest expense, so coverage cannot be measured.
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.
At $16.73, free cash flow must compound 52.97%/yr for 10 years. It has no positive compounding record to compare against.
The implied rate has been matched or beaten in 1 of the last 1 years.
| Step | Amount | Running total |
|---|---|---|
| Net income | −$1M | −$1M |
| Share-based comp | not reported | not reported |
| Other non-cash & working capital | −$5M | −$6M |
| Operating cash flow | −$6M | −$6M |
| Fiscal year | Revenue growth | Receivables growth | Gap |
|---|---|---|---|
| FY2024 | 158.3% | 3152.1% | 2993.8 points |
| FY2025 | 28.1% | -34.5% | -62.5 points |
| FY2026 | -2.2% | 183.1% | 185.3 points |
| Fiscal year | DSO | DIO | DPO | Cash conversion cycle |
|---|---|---|---|---|
| FY2023 | 12.5 days | not reported | not reported | not reported |
| FY2024 | 157.9 days | not reported | 125.9 days | 32 days |
| FY2025 | 80.8 days | not reported | 94.9 days | -14.1 days |
| FY2026 | 233.9 days | not reported | 30.2 days | 203.7 days |
| Fiscal year | Accruals / assets |
|---|---|
| FY2023 | not reported |
| FY2024 | 13.9 percent |
| FY2025 | -2.9 percent |
| FY2026 | 61.8 percent |
Below the line, the asset base is being consumed faster than it is replaced.
Depreciation here includes amortisation of acquired intangibles — goodwill written down over time, customer lists, acquired technology. Capex does not replace those and is not meant to, so an acquisitive or asset-light company sits below 1.0 permanently and correctly. The signal is cleanest for capital-intensive businesses, where the two measure the same physical base. For that reason this informs the earnings-quality verdict but never caps it.