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Its multi-year history pairs engineering-contracting revenue with narrow operating margins, while cash generation swings with project settlements and receivable collection more than with fixed-asset spending. Property losses and asset impairments have also shown that reported profit can diverge from underlying project operations.
Trailing-year revenue continued to contract and operating income remained negative, although the latest quarter produced positive operating profit and free cash flow. This is a recent improvement, not yet a demonstrated reset in the weaker trailing-year profile.
Whether new contract awards stabilize while positive quarterly operating profit and operating cash flow persist as the portfolio shifts toward core, cash-generative work.
| Metric | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| 219.6B | 244B | 289.5B | 338.6B | 400.1B | 500.6B | 592.7B | 633.9B | 552B | 455.4B | |
| (194.3B) | (213.5B) | (254.7B) | (300.3B) | (355.4B) | (448.5B) | (535.7B) | (573.9B) | (500.6B) | (425.3B) | |
| 25.2B | 30.5B | 34.8B | 38.4B | 44.7B | 52B | 57B | 60B | 51.4B | 30.1B | |
| (16.8B) | (19.4B) | (22B) | (26.7B) | (31.6B) | (37.9B) | (39.3B) | (44.5B) | (41B) | (39.1B) | |
| (12.3B) | (13.1B) | (13.8B) | (14.7B) | (17.2B) | (19B) | (19.1B) | (23.7B) | (23.9B) | (24.4B) | |
| (3.3B) | (5.3B) | (7.1B) | (9.8B) | (12.2B) | (15.8B) | (18.6B) | (19.6B) | (16.3B) | (13.8B) | |
| (811m) | (699m) | (777m) | (813m) | (821m) | (846.8m) | (860.7m) | (799.4m) | (878.8m) | (1B) | |
| (354m) | (278m) | (352m) | (1.4B) | (1.4B) | (2.2B) | (825.2m) | (423.7m) | 49.2m | 141.3m | |
| 8.5B | 11.1B | 12.8B | 11.7B | 13.1B | 14.2B | 17.6B | 15.5B | 10.4B | (9B) | |
| (1.9B) | (2.5B) | (2.4B) | (2B) | (1.3B) | (167.4m) | (1.7B) | (2.2B) | (2.3B) | (1.9B) | |
| 3.5B | 3.2B | 4.5B | 4.2B | 2.5B | 2.2B | 2.7B | 2.7B | 3.4B | 3.7B | |
| 545m | 203m | (615m) | (370m) | (5m) | 162.6m | (686m) | 341.4m | 913.5m | 16B | |
| 569m | 199m | (308m) | 440m | 104m | (150.3m) | 183m | 157.6m | 221.5m | (87.1m) | |
| 7.6B | 9B | 9.5B | 9.8B | 11.9B | 14B | 15.4B | 13.8B | 9.3B | 5B | |
| (1.7B) | (2.3B) | (2B) | (2.2B) | (2.5B) | (2.4B) | (2.5B) | (2.4B) | (1.4B) | (2.5B) | |
| 6B | 6.7B | 7.6B | 7.6B | 9.4B | 11.6B | 12.9B | 11.4B | 7.9B | 2.5B | |
| (594m) | (650m) | (1.2B) | (977m) | (1.5B) | (3.2B) | (2.7B) | (2.7B) | (1.2B) | (1.2B) | |
| 5.4B | 6.1B | 5.5B | 5.6B | 6.7B | 7.3B | 9.2B | 6.9B | 4.9B | 46.3m | |
| 0.25 | 0.29 | 0.26 | 0.27 | 0.32 | 0.35 | 0.45 | 0.33 | 0.24 | 0.00 |
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Stock intrinsic value is the real worth of a company's stock, based on its financial health and performance.
Instead of looking at the stock's current market price, which can change due to people's opinions and emotions, intrinsic value helps us understand if a stock is truly a good deal or not.
By focusing on the company's actual financial strength, like its earnings and debts, we can make better decisions about which stocks to buy and when.
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