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Relative valuation derived from Financials sector median benchmarks. Model weights: EV/EBITDA (40%), P/B (35%), P/S (25%). Multiples adjusted for extreme outliers and non-recurring volatility.
Auditing capital efficiency...
Quality Profile Audit
Score: 47.6GRADE C
Composite assessment of profitability, capital efficiency, and financial strength. Top-tier entities demonstrate sustainable cash flow generation.
Return on Equity
Profit generated per dollar of shareholder equity
18.5%
Sector: 8.5%
Dividend Analysis audit
No Dividend
This company does not currently pay a dividend.
Analyst Projections
Analyst Consensus
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Based on our 6-factor quantitative model, Fidelis Insurance Holdings Ltd (FIHL) receives a "Hold" rating with a composite score of 49.6/100, ranked #687 out of 4446 stocks. Key factor scores: Quality 48/100, Value 56/100, Momentum 47/100. This is quantitative analysis only — not investment advice.
Fidelis Insurance Holdings Ltd (FIHL) Stock Analysis — April 2026 Rating, Price, and Forecast
Company Overview — What Does Fidelis Insurance Holdings Ltd Do?
Fidelis is a leading global provider of bespoke and specialty insurance and reinsurance products. We believe our differentiated underwriting positions us well to generate strong returns across (re)insurance cycles. Current Fidelis is led by Mr. Daniel Burrows who has more than 35 years of experience in the insurance industry and is supported by a highly experienced management team that manages the operations of Current Fidelis based on our founding principles. Following the Separation Transactions, Current Fidelis is positioned as a global, specialty insurance provider with exclusive right of first access to Fidelis MGU’s underwriting business during the term of the Framework Agreement. Based on Fidelis’ historical experience, we expect this long-term partnership to deliver strong returns to our shareholders, primarily driven by our underwriting results. We aim to be good stewards of capital by effectively balancing capital deployment across market opportunities with capital distributions to our shareholders. We will continue to benefit from decades of thought and process leadership and innovation through our strategic relationship with Fidelis MGU. The management team of Fidelis MGU, led by Mr. Brindle, has a robust track record built across multiple platforms. Mr. Brindle has more than 38 years of underwriting leadership, including founding Lancashire Holdings Limited (“Lancashire”) and holding leading roles at Syndicates 488 and 2488 at Lloyd’s of London (“Lloyd’s”). Teams led by Mr. Brindle oversaw Lancashire stock price appreciation of 412.0% from December 16, 2005 (the date of Lancashire’s initial public offering) to December 31, 2013 (immediately prior to his retirement from Lancashire), significantly exceeding the 71.0% price appreciation from a group of Lancashire’s publicly traded insurance company peers for the period (including Ace, XL, Arch, Everest, PartnerRe, Axis, Allied World, RenaissanceRe, Validus, Montpelier, Greenlight Re, Third Point Re, Hiscox, Amlin, Catlin, Beazley and Novae). Past performance of Lancashire is no guarantee of future results for Fidelis. Mr. Brindle and his team also outperformed at Lloyd’s by delivering a 17.5% return on a straight average for Syndicates 488 and 2488 during his time there from 1986 to 1998, compared to Lloyd’s average return of 0.9% over the same period. Past performance of Syndicates 488 and 2488 is no guarantee of future results for Fidelis. Further, while at Fidelis, between 2017 and 2022 Mr. Brindle and his management team achieved strong, consistent underwriting performance with an average loss ratio of 45.3%, an average combined ratio of 85.8% and an average standard deviation of combined ratio of 6.5% compared with the peer average of 64.3% and 99.5% and 8.1%, respectively. Over this same period, Fidelis’ average loss ratios for each of its Specialty, Bespoke and Reinsurance pillars was 42.8%, 26.7% and 64.9%, respectively, compared to its peers’ average loss ratios of 61.4%, 61.4% and 72.1%, respectively. Fidelis’ combined ratio was 86.0%, 76.3%, 86.6%, 80.6%, 92.9% and 92.1% in 2017, 2018, 2019, 2020, 2021 and 2022, respectively, compared to a peer average combined ratio of 109.4%, 96.9%, 96.7%, 103.7%, 96.6% and 93.5% in 2017, 2018, 2019, 2020, 2021 and 2022, respectively. In the three months ended March 31, 2023, our loss ratio was 41.3% and combined ratio was 79.1% compared with a peer average of 59.3% and 90.5%, respectively. Fidelis’ peer group includes Arch, Argo, Aspen, Markel, W. R. Berkley, Hiscox, Beazley, Lancashire, Everest Re, Axis Capital and RenaissanceRe (except for the three months ended March 31, 2023 which excludes Aspen, Hiscox, Beazley and Lancashire as the information is not available for this period). In each case, prior underwriting and combined ratio performance is no guarantee of future performance. Each of the Fidelis and financial peer combined ratios is calculated as the sum of losses and loss adjustment expenses, policy acquisition expenses and general and administrative expenses as a percentage of NPE in all periods except 2018. In 2018, the Fidelis combined ratio included a negative $2.1 million adjustment to NPE as a result of the costs to acquire a derivative instrument to protect against Typhoon Jebi losses and a $10 million positive adjustment to investment returns recognized on the derivative. Financial peer combined ratios were calculated as the average of the reported combined ratios of each company. We will continue to focus on nimble underwriting designed to capitalize on current market trends and dislocations as well as emerging risk solutions. We expect to maintain at a minimum the existing underwriting standards and where appropriate will look for enhancements. The team of underwriters at Fidelis MGU continues to maintain the robust processes and use of technology that have been key to Fidelis’ historical success at ensuring its underwriting efforts capture recent market developments. We believe this close coordination reduces the likelihood of siloed underwriting and gives us a competitive advantage in our underwriting, risk assessment and ability to offer as many products as possible to clients. A crucial and distinguishing part of those robust processes is daily Underwriting and Marketing Conference Calls (the “UMCC”) with practice leads and key members of senior management (including risk modeling, actuarial, legal, compliance, contract wordings and claims epresentatives) to provide live market insights and multiple perspectives to allow underwriters to quickly assess emerging opportunities, achieve strong underwriting and cross-sell across our product range. Since we began underwriting business in 2015, Fidelis has reached an attractive scale in bespoke and specialty insurance and property reinsurance markets while delivering robust results. Our GPW grew from $0.5 billion for the year ended December 31, 2017 to $3.0 billion for the year ended December 31, 2022, a compound annual growth rate of 40.6%, while delivering an average loss ratio of 45.3% and an average combined ratio of 85.8%. Over the same period, our NPE grew from $0.2 billion for the year ended December 31, 2017 to $1.5 billion for the year ended December 31, 2022, a compound annual growth rate of 47.0%. Our GPW continued to grow to $1.2 billion for the three months ended March 31, 2023 compared to $1.0 billion for the three months ended March 31, 2022. Our loss ratio and combined ratio for the three months ended March 31, 2023 were 41.3% and 79.1%, respectively. In addition to earnings growth from the origination of new business, we believe that there is significant embedded earnings potential in previously written business due to the requirements of applicable accounting rules that revenue from written premiums must be recognized when earned over the life of a policy. This is reflected in our gross UPR balance of $3.3 billion at March 31, 2023. Our scale and access to the highly selective underwriting capabilities of Fidelis MGU via our strategic relationship will allow us to capitalize on current insurance market trends and continue focusing on delivering growth coupled with strong underwriting results. Fidelis is subject to varying degrees of regulation and supervision in the jurisdictions in which it operates. In particular, the businesses of our three insurance operating subsidiaries, FIBL, FUL and FIID, are authorized by, and subject to insurance laws and regulations that are administered and enforced by, a number of different governmental and non-governmental self-regulatory authorities and associations in each of their respective jurisdictions and internationally. Our registered office is at Waterloo House, 100 Pitts Bay Road, Pembroke, Bermuda. Fidelis Insurance Holdings Ltd (FIHL) is classified as a small-cap stock in the Financials sector, specifically within the Insurance industry. The company is led by CEO Daniel Burrows. With a market capitalization of $1.6B, FIHL is one of the notable companies in the Financials sector.
As of April 2026, Fidelis Insurance Holdings Ltd receives a Hold rating with a composite score of 49.6/100 and 3 out of 5 stars from the Blank Capital Research quantitative model.FIHL ranks #687 out of 4,446 stocks in our coverage universe. Within the Financials sector, Fidelis Insurance Holdings Ltd ranks #204 of 891 stocks, placing it in the top quartile of its Financials peers. The rating is generated by a multi-factor model that weighs quality (30%), momentum (25%), value (15%), investment (10%), stability (10%), and short interest (10%).
FIHL Stock Price and 52-Week Range
Fidelis Insurance Holdings Ltd (FIHL) currently trades at $20.05. The stock lost $0.29 (1.4%) in the most recent trading session. The 52-week high for FIHL is $20.50, which means the stock is currently trading -2.2% from its annual peak. The 52-week low is $14.67, putting the stock 36.7% above its annual trough. Recent trading volume was 366K shares, suggesting relatively thin trading activity.
Is FIHL Overvalued or Undervalued? — Valuation Analysis
Fidelis Insurance Holdings Ltd (FIHL) carries a value factor score of 56/100 in the Blank Capital model, indicating fair valuation relative to historical norms. The trailing price-to-earnings ratio is 20.76x, compared to the Financials sector average of 14.88x — a premium of 40%. The price-to-book ratio stands at 0.68x, versus the sector average of 1.22x. The price-to-sales ratio is 0.19x, compared to 0.90x for the average Financials stock.
Overall, FIHL's valuation appears roughly in line with sector benchmarks, suggesting the market is pricing the stock fairly given its current fundamentals and growth trajectory. Neither deep value nor significantly overpriced, the stock occupies a middle ground on valuation.
Fidelis Insurance Holdings Ltd (FIHL) earns a quality factor score of 48/100, signaling below-average profitability metrics relative to the broader market. The return on equity (ROE) is 18.5%, compared to the Financials sector average of 8.5%, which is within a healthy range. Return on assets (ROA) comes in at 3.9% versus the sector average of 1.2%.
On a margin basis, Fidelis Insurance Holdings Ltd reports gross margins of 100.0%. The operating margin is -1.0% (sector: 21.8%). Net profit margin stands at 5.1%, versus 17.7% for the average Financials stock. Revenue growth is running at -35.9% on a trailing basis, compared to 9.4% for the sector. Profitability is below benchmark levels, which may reflect industry headwinds, elevated reinvestment, or structural challenges.
FIHL Debt, Balance Sheet, and Financial Health
Fidelis Insurance Holdings Ltd has a debt-to-equity ratio of 18.0%, compared to the Financials sector average of 121.0%. The low leverage indicates a conservative balance sheet with significant financial flexibility. Total debt on the balance sheet is $449M. Cash and equivalents stand at $743M.
FIHL has a beta of 0.32, meaning it is less volatile than the S&P 500, making it a relatively defensive holding. The stability factor score for Fidelis Insurance Holdings Ltd is 89/100, indicating low-volatility characteristics and consistent price behavior that appeals to risk-averse investors.
Fidelis Insurance Holdings Ltd Revenue and Earnings History — Quarterly Trend
In TTM 2026, Fidelis Insurance Holdings Ltd reported revenue of $2.23B and earnings per share (EPS) of $0.98. Net income for the quarter was $113M. Gross margin was 100.0%. Operating income came in at $-22M.
In FY 2024, Fidelis Insurance Holdings Ltd reported revenue of $2.23B and earnings per share (EPS) of $0.98. Net income for the quarter was $113M. Gross margin was 100.0%. Revenue grew -35.9% year-over-year compared to FY 2023. Operating income came in at $-22M.
In FY 2023, Fidelis Insurance Holdings Ltd reported revenue of $3.48B and earnings per share (EPS) of $18.65. Net income for the quarter was $2.13B. Gross margin was 100.0%. Revenue grew 137.0% year-over-year compared to FY 2022. Operating income came in at $1.97B.
In FY 2022, Fidelis Insurance Holdings Ltd reported revenue of $1.47B and earnings per share (EPS) of $0.27. Net income for the quarter was $62M. Gross margin was 100.0%. Operating income came in at $66M.
Over the past 4 quarters, Fidelis Insurance Holdings Ltd has demonstrated a growth trajectory, with revenue expanding from $1.47B to $2.23B. Investors analyzing FIHL stock should weigh these quarterly trends alongside the valuation and quality metrics discussed above.
FIHL Dividend Yield and Income Analysis
Fidelis Insurance Holdings Ltd (FIHL) does not currently pay a dividend. This is common among smaller companies in the Insurance industry that prefer to reinvest cash flows into business expansion rather than returning capital to shareholders. Income-focused investors looking for Financials dividend stocks may want to explore other Financials stocks or use the stock screener to filter by dividend yield.
FIHL Momentum and Technical Analysis Profile
Fidelis Insurance Holdings Ltd (FIHL) has a momentum factor score of 47/100, reflecting neutral trend characteristics. The stock is neither significantly outperforming nor underperforming the broader market on a momentum basis. The investment factor score is 41/100, which measures capital allocation efficiency and asset growth patterns. The short interest score of 24/100 signals elevated short interest, which can indicate bearish sentiment among institutional investors.
FIHL vs Competitors — Financials Sector Ranking and Peer Comparison
Comparing FIHL against the S&P 500 benchmark is also instructive for understanding relative performance. Investors can view the full FIHL vs S&P 500 (SPY) comparison to assess how Fidelis Insurance Holdings Ltd stacks up against the broader market across all factor dimensions.
FIHL Next Earnings Date
No upcoming earnings date has been announced for Fidelis Insurance Holdings Ltd (FIHL) at this time. Check the earnings calendar for the latest scheduling updates across all stocks in our coverage universe.
Should You Buy FIHL? — Investment Thesis Summary
Fidelis Insurance Holdings Ltd presents a balanced picture with arguments on both sides. Low volatility (stability score 89/100) reduces downside risk.
In summary, Fidelis Insurance Holdings Ltd (FIHL) earns a Hold rating with a composite score of 49.6/100 as of April 2026. The rating is derived from the Blank Capital Research methodology, which combines six factor dimensions into a single quantitative ranking. Investors should consider these quantitative signals alongside their own fundamental research, risk tolerance, and investment time horizon before making buy or sell decisions on FIHL stock.
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Institutional Research Dossier
Fidelis Insurance Holdings Ltd (FIHL) Deep Dive Analysis
Published on March 24, 2026
Action RatingHold
Sections
Executive Summary
Fidelis Insurance Holdings Ltd (FIHL) receives a Hold rating, driven by a mixed financial profile. While the company exhibits strong underwriting performance and a strategic relationship with Fidelis MGU, concerns arise from negative EBITDA, a significant revenue decline, and a premium valuation relative to its sector. The key takeaway is that FIHL's future success hinges on its ability to leverage its underwriting expertise to achieve sustainable profitability and revenue growth, justifying its current market valuation.
The company's historical underwriting performance, particularly its low combined ratio, is a significant strength. However, the recent revenue decline and negative EBITDA raise questions about the sustainability of its business model. The high ROE is encouraging, but it needs to be viewed in the context of the company's overall financial health and valuation. Investors should closely monitor FIHL's ability to improve its profitability and revenue growth in the coming quarters to determine whether the current Hold rating should be revised.
Business Strategy & Overview
Fidelis Insurance Holdings operates as a global provider of bespoke and specialty insurance and reinsurance products. The company differentiates itself through its underwriting expertise and its strategic relationship with Fidelis MGU, which provides it with exclusive access to underwriting business. This relationship is governed by a Framework Agreement, and FIHL expects it to drive strong returns through underwriting results. The company's strategy focuses on nimble underwriting to capitalize on market trends and emerging risks, while maintaining robust underwriting standards.
The company's underwriting process is a key component of its strategy. The daily Underwriting and Marketing Conference Calls (UMCC) with practice leads and senior management are designed to provide live market insights and multiple perspectives, allowing underwriters to quickly assess opportunities and cross-sell products. This coordinated approach aims to reduce siloed underwriting and provide a competitive advantage in risk assessment and product offerings. The company's historical success, particularly the strong underwriting performance achieved between 2017 and 2022, is attributed to these robust processes and the use of technology.
Fidelis segments its business into Specialty, Bespoke, and Reinsurance pillars. Historically, each segment has demonstrated strong underwriting performance relative to peers. The company's growth strategy involves capitalizing on current insurance market trends and leveraging its scale and access to Fidelis MGU's underwriting capabilities. The company also aims to be a good steward of capital by balancing capital deployment across market opportunities with capital distributions to shareholders.
The company's gross written premium (GPW) has grown significantly from 2017 to 2022, demonstrating its ability to scale its business. The company's net premium earned (NPE) has also grown substantially over the same period. The company's gross unearned premium reserve (UPR) balance indicates significant embedded earnings potential from previously written business, as revenue from written premiums is recognized over the life of a policy. Fidelis is subject to regulation and supervision in the jurisdictions in which it operates, and its insurance operating subsidiaries are authorized and subject to insurance laws and regulations in their respective jurisdictions.
Execution Benchmarks audit
Revenue Growth
YOY expansion rate
-35.9%
Sector: 9.4%
-482% VS SCTR
Economic Moat Analysis
Fidelis Insurance Holdings possesses a narrow economic moat, primarily derived from intangible assets and, to a lesser extent, switching costs. The intangible asset component stems from the company's underwriting expertise and the reputation of its management team, particularly the track record of Mr. Brindle and his team at Fidelis MGU. The historical outperformance at Lancashire and Lloyd's, while not guarantees of future results, contribute to the perception of superior underwriting capabilities. This reputation can attract clients seeking specialized and bespoke insurance solutions, providing a competitive edge.
The switching costs are relatively low in the insurance industry, as clients can easily switch providers when policies expire. However, for complex and specialized insurance products, the expertise and tailored solutions offered by Fidelis MGU can create some stickiness. Clients may be hesitant to switch if they are satisfied with the level of service and the specific coverage provided. This is especially true for bespoke insurance solutions, which are designed to meet the unique needs of individual clients.
The company's strategic relationship with Fidelis MGU also contributes to its narrow moat. The exclusive right of first access to Fidelis MGU's underwriting business provides a competitive advantage in sourcing and underwriting profitable insurance risks. This relationship allows Fidelis to capitalize on the underwriting expertise of Fidelis MGU and to offer a wider range of products to clients. However, the moat is not wide because other insurance companies can develop their own underwriting expertise or partner with other managing general underwriters.
The insurance industry is highly competitive, and barriers to entry are relatively low. New insurance companies can enter the market with sufficient capital and underwriting expertise. Established insurance companies also pose a significant threat to Fidelis. Therefore, while Fidelis has some competitive advantages, they are not strong enough to create a wide economic moat. The company's ability to maintain its narrow moat will depend on its continued underwriting performance and its ability to innovate and adapt to changing market conditions.
Financial Health & Profitability
Fidelis Insurance Holdings presents a mixed financial picture. While the company boasts a high ROE of 18.5% compared to the sector average of 8.5%, indicating efficient use of equity, its negative EBITDA of -$68.10M raises concerns about operational profitability. The company's gross margin is 100%, which is typical for insurance companies, but its operating margin is -1.0% compared to the sector average of 22.0%, further highlighting the profitability challenges.
The company's revenue growth is also a concern, with a decline of -35.9% compared to the sector average of 9.3%. This significant revenue decline needs to be addressed to ensure the long-term sustainability of the business. The company's debt-to-equity ratio is 18.00, which is significantly lower than the sector average of 115.00, indicating a conservative capital structure. The company's free cash flow is volatile, with $3.81B in the latest TTM period, $-1.27B in FY2023, and $1.46B in FY2022. This volatility suggests that the company's cash flow generation is sensitive to underwriting performance and market conditions.
Looking at the quarterly financial history, the company's revenue has fluctuated significantly. Revenue was $2.23B in FY2024, $3.48B in FY2023, and $1.47B in FY2022. Net income has also been volatile, with $113.30M in FY2024, $2.13B in FY2023, and $62.30M in FY2022. The company's operating margin has also fluctuated, with -1.0% in FY2024, 56.6% in FY2023, and 4.5% in FY2022. These fluctuations suggest that the company's financial performance is sensitive to market conditions and underwriting performance.
The company's strong underwriting performance, as evidenced by its low combined ratio, is a key strength. However, the negative EBITDA, revenue decline, and volatile cash flow generation raise concerns about the company's overall financial health. The company needs to improve its profitability and revenue growth to justify its current valuation. Investors should closely monitor the company's financial performance in the coming quarters to determine whether the current Hold rating should be revised.
Valuation Assessment
Fidelis Insurance Holdings' valuation presents a mixed picture. The company's P/E ratio of 19.2x is higher than the sector average of 15.5x, suggesting that the stock is relatively expensive compared to its peers. The company's EV/EBITDA is not available due to the negative EBITDA, making it difficult to assess its valuation based on this metric. However, the sector average EV/EBITDA is 3.5x, which suggests that the company's valuation may be high relative to its earnings potential.
The company's high ROE of 18.5% could justify a premium valuation, as it indicates efficient use of equity. However, the negative EBITDA and revenue decline raise concerns about the sustainability of the company's earnings. The company's free cash flow is volatile, making it difficult to assess its valuation based on this metric. The company's market capitalization is $1.63B, which is relatively small compared to other insurance companies. This could make the stock more volatile and susceptible to market fluctuations.
Given the company's mixed financial performance and premium valuation, the current Hold rating appears appropriate. The company's strong underwriting performance and strategic relationship with Fidelis MGU are positive factors, but the negative EBITDA, revenue decline, and volatile cash flow generation raise concerns about its long-term prospects. The company needs to improve its profitability and revenue growth to justify its current valuation.
A discounted cash flow (DCF) analysis would be necessary to determine the intrinsic value of the stock. However, given the company's volatile cash flow generation, it would be difficult to accurately forecast its future cash flows. A relative valuation analysis, comparing the company's valuation multiples to those of its peers, would also be helpful. However, the company's negative EBITDA makes it difficult to compare its valuation to its peers based on this metric. Overall, the company's valuation appears to be fair, given its mixed financial performance and premium valuation.
Risk & Uncertainty
Fidelis Insurance Holdings faces several specific risks that could impact its business and financial performance. One significant risk is the reliance on the strategic relationship with Fidelis MGU. Any disruption to this relationship, such as a change in management or a disagreement over underwriting strategy, could negatively affect Fidelis's access to underwriting business and its ability to generate strong returns. The Framework Agreement mitigates some of this risk, but the long-term success of the partnership is not guaranteed.
Another risk is the inherent volatility of the insurance industry. Catastrophic events, such as hurricanes, earthquakes, and other natural disasters, can result in significant losses and negatively impact the company's underwriting results. The company's ability to accurately assess and manage these risks is crucial to its long-term success. The company's underwriting expertise and robust risk management processes are designed to mitigate this risk, but there is always the potential for unexpected losses.
Competition in the insurance industry is intense, and Fidelis faces competition from both established insurance companies and new entrants. The company's ability to differentiate itself through its underwriting expertise and its strategic relationship with Fidelis MGU is crucial to its ability to compete effectively. The company's focus on bespoke and specialty insurance products helps to differentiate it from its competitors, but it still faces significant competition.
Regulatory changes and compliance costs also pose a risk to Fidelis. The insurance industry is subject to extensive regulation, and changes in regulations could increase the company's compliance costs and negatively impact its profitability. The company's insurance operating subsidiaries are authorized and subject to insurance laws and regulations in their respective jurisdictions, and any changes in these regulations could have a material adverse effect on the company's business.
Bulls Say / Bears Say
The Bull Case
BULL VIEWFidelis's strong underwriting track record, evidenced by its low combined ratio, positions it to outperform peers in the long run, driving superior returns for shareholders.
BULL VIEWThe exclusive relationship with Fidelis MGU provides a sustainable competitive advantage, ensuring access to high-quality underwriting opportunities and supporting future growth.
BULL VIEWThe company's conservative capital structure, with a low debt-to-equity ratio, provides financial flexibility to capitalize on market opportunities and weather potential downturns.
The Bear Case
BEAR VIEWThe company's negative EBITDA and declining revenue raise serious concerns about its profitability and growth prospects, making the current valuation unsustainable.
BEAR VIEWReliance on a single MGU creates concentration risk, and any disruption to that relationship could severely impact Fidelis's ability to generate underwriting profits.
BEAR VIEWThe insurance industry is highly competitive, and Fidelis's narrow moat may not be sufficient to protect it from established players and new entrants, leading to margin compression.
About the Author
Marques Blank
Founder & Chief Investment Officer, Blank Capital
Marques brings 15 years of institutional finance and investing experience, having overseen financial planning for a $1.6B defense business unit. He developed the proprietary 6-factor quantitative model used to score FIHL and 4,400+ other equities.
Fidelis Insurance Holdings Ltd exhibits a 28% valuation discount relative to institutional benchmarks. This represents a constructive entry window based on current multiples.
Return on Assets
Efficiency of asset utilization
3.9%
Sector: 1.2%
Gross Margin
Pricing power and cost efficiency
100.0%
Sector: 0.0%
Operating Margin
Core business profitability
-1.0%
Sector: 21.8%
Net Margin
Bottom-line profitability
5.1%
Sector: 17.7%
Factor Methodology
The Quality factor evaluates the persistence and magnitude of cash flows. Companies with scores >70 exhibit superior competitive moats and financial resilience through economic cycles.
