CompanyGraph
What stands out
- Most companies in its industry are production businesses; this one is an attention business
At a glance
- Depends onUpstream position: supplies 5 industries, depends on 2
- ScaleMarket cap is $2.57B, above the global median of $1.15B
- PositionCurrent ratio is 0.31×, lower than 95% of its Leisure peers (median 1.83×)
- Interpretations5 currently firing — 5
What this company is and how it runs — written from structure, not news.
What stands out
- Most companies in its industry are production businesses; this one is an attention business
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Sign inThe reported statements, read against the company's own industry.
Financials view
Market Capitalization
2.23BEUR2.57B · vs all stocks (USD)
Trailing P/E
128.40xvs Leisure peers
Revenue (TTM)
940.38MEUR1.09B · vs all stocks (USD)
Profit Margin
1.94%vs Leisure peers
Beta
1.70xvs all stocks
52-Week Change
22.06%vs all stocks
Market Capitalization
2.23BEUR2.57B · vs all stocks (USD)
Enterprise Value
3.93BEUR4.54B · vs all stocks (USD)
Trailing P/E
128.40xvs Leisure peers
PEG Ratio
0.3502xPrice to Sales (TTM)
2.41xvs Leisure peers
Price to Book (MRQ)
5.30xvs Leisure peers
Enterprise to Revenue
4.18xvs Leisure peers
Enterprise to EBITDA
14.79xvs Leisure peers
Gross Margin
42.78%vs Leisure peers
Profit Margin
1.94%vs Leisure peers
Operating Margin
9.67%vs Leisure peers
Return on Assets (TTM)
2.02%vs Leisure peers
Return on Equity (TTM)
4.68%vs Leisure peers
Revenue (TTM)
940.38MEUR1.09B · vs all stocks (USD)
Revenue per Share (TTM)
14.25EURUpdated Jul 14, 2026Quarterly Revenue Growth
41.10%vs Leisure peers
Gross Profit (TTM)
747.28MEUR862.58M · vs all stocks (USD)
EBITDA (TTM)
3.54BEUR4.09B · vs all stocks (USD)
Net Income (TTM)
18.24MEUR21.06M · vs all stocks (USD)
Quarterly Earnings Growth (YoY)
16.14%vs Leisure peers
Operating Cash Flow (TTM)
464.87MEUR536.59M · vs all stocks (USD)
Levered Free Cash Flow (TTM)
203.12MEUR234.46M · vs all stocks (USD)
Payout Ratio
0.00%vs Leisure peers
Minority Interest (Equity)
-1.70MEURFY2025 · Dec 31, 2025Revenue
1.42BEURFY2025 · Dec 31, 2025Cost of Goods Sold
51.80MEURFY2025 · Dec 31, 2025Gross Profit
1.37BEURFY2025 · Dec 31, 2025Operating Income
194.60MEUR224.62M · vs all stocks (USD)
Pre-tax Income
20.70MEURFY2025 · Dec 31, 2025Income Tax Expense
6.40MEURFY2025 · Dec 31, 2025Net Income
14.30MEURFY2025 · Dec 31, 2025EBIT
153.60MEURFY2025 · Dec 31, 2025EBITDA (Income Statement)
681.50MEURFY2025 · Dec 31, 2025Selling, General & Administrative
128.50MEURFY2025 · Dec 31, 2025Other Operating Expenses
239.40MEURFY2025 · Dec 31, 2025Non-operating Interest Income
0.00EURFY2025 · Dec 31, 2025Non-operating Interest Expense
132.90MEURFY2025 · Dec 31, 2025EPS (Basic)
0.2200EURFY2025 · Dec 31, 2025EPS (Diluted)
0.2200EURFY2025 · Dec 31, 2025Basic Shares Outstanding
65.32MSharesFY2025 · Dec 31, 2025Diluted Shares Outstanding
65.32MSharesFY2025 · Dec 31, 2025Minority Interests (P&L)
200.00KEURFY2025 · Dec 31, 2025Preferred Stock Dividends
0.00EURFY2025 · Dec 31, 2025Operating Cash Flow
169.00MEURFY2025 · Dec 31, 2025Free Cash Flow
-100.70MEURFY2025 · Dec 31, 2025Cash & Cash Equivalents (End of Period)
115.00MEURFY2025 · Dec 31, 2025Starting Profit (CF Statement)
20.70MEURFY2025 · Dec 31, 2025Stock-based Compensation
2.30MEURFY2025 · Dec 31, 2025Other Non-cash Items
133.50MEURFY2025 · Dec 31, 2025Change in Accounts Receivable (CF)
5.40MEURFY2025 · Dec 31, 2025Change in Other Assets/Liabilities
7.10MEURFY2025 · Dec 31, 2025Capital Expenditures
-269.70MEURFY2025 · Dec 31, 2025Net Intangibles (CF)
-6.50MEURFY2025 · Dec 31, 2025Net Acquisitions
-135.30MEURFY2025 · Dec 31, 2025Purchase of Investments
-1.20MEURFY2025 · Dec 31, 2025Net Investing Cash Flow
-406.20MEURFY2025 · Dec 31, 2025Long-term Debt Issuance
310.00MEURFY2025 · Dec 31, 2025Long-term Debt Payments
-101.90MEURFY2025 · Dec 31, 2025Net Financing Cash Flow
208.10MEURFY2025 · Dec 31, 2025Shares Outstanding
64.81MSharesUpdated Jul 14, 2026Float Shares
34.23MSharesUpdated Jul 14, 2026% Held by Insiders
17.70%vs all stocks
% Held by Institutions
64.52%vs all stocks
Total Cash (MRQ)
44.29MEUR51.13M · vs all stocks (USD)
Total Cash per Share (MRQ)
0.6710EURUpdated Jul 14, 2026Total Debt (MRQ)
2.33BEUR2.69B · vs all stocks (USD)
Total Debt to Equity (MRQ)
5.84xvs Leisure peers
Current Ratio (MRQ)
0.3120xvs Leisure peers
Book Value per Share (MRQ)
6.05EURUpdated Jul 14, 2026Total Assets
3.91BEUR4.51B · vs all stocks (USD)
Total Current Assets
232.50MEURFY2025 · Dec 31, 2025Total Liabilities
3.51BEURFY2025 · Dec 31, 2025Total Non-current Assets
3.68BEURFY2025 · Dec 31, 2025Total Non-current Liabilities
2.60BEURFY2025 · Dec 31, 2025Total Current Liabilities
915.80MEURFY2025 · Dec 31, 2025Cash
114.40MEURFY2025 · Dec 31, 2025Cash & Cash Equivalents
114.40MEURFY2025 · Dec 31, 2025Accounts Receivable
55.60MEURFY2025 · Dec 31, 2025Inventory
22.30MEURFY2025 · Dec 31, 2025Accounts Payable
139.50MEURFY2025 · Dec 31, 2025Short-term Debt
597.50MEURFY2025 · Dec 31, 2025Long-term Debt
2.57BEURFY2025 · Dec 31, 2025Common Stock (Book)
4.00MEURFY2025 · Dec 31, 2025Retained Earnings
-317.70MEURFY2025 · Dec 31, 2025Total Shareholders' Equity
397.10MEUR458.37M · vs all stocks (USD)
Treasury Stock
30.10MEURFY2025 · Dec 31, 202552-Week Low
22.90EURUpdated Jul 14, 202652-Week High
34.76EURUpdated Jul 14, 202652-Week Change
22.06%vs all stocks
Beta
1.70xvs all stocks
50-Day MA
30.99EURUpdated Jul 14, 2026200-Day MA
29.41EURUpdated Jul 14, 2026Avg 10-Day Volume
45.24KSharesUpdated Jul 14, 2026Avg 30-Day Volume
36.65KSharesUpdated Jul 14, 2026Diluted EPS (TTM)
0.2500EURUpdated Jul 14, 20265 interpretations currently present — each is a set of fired observations whose alignment reads as one structural pattern. Click an observation to see the numbers behind it.
Screen for these patternsIs this company financially stable?
Debt Financing Activity
More cash moved through borrowing and repaying than through the business itself, and most of its debt is long-term.
Reads
Long-Term Debt A High Share Of Total Liabilities, Short-Term Debt A High Share Of Current Liabilities
Borrowing makes up most of what it owes, both the long-dated part and the part due soon.
Reads
How does this company use capital?
Operating Income Growing With Multi-Year Revenue Growth
Revenue up in each of five years, with operating income up in each of four.
Reads
Where is this company structurally exposed?
Within or Near the Altman Distress Zone
Debt is a large share of its assets, and large against its cash flow.
Reads
Elevated Leverage on Three Denominators
Debt sits high against its equity, its assets, and its cash flow.
Reads
An interpretation is present only while every observation it reads stays fired (score ≥ 70). It describes what the aligned readings show — never a verdict, never a prediction.
Shared structure with peers — never a ranking.
Relationships view
Structural observations derived from financial data, industry benchmarks, and supply chain position.
Peer Positioning
Current ratio is 0.31×, lower than 95% of its Leisure peers (median 1.83×)Significant
Current ratio: 0.31Industry median: 1.83Industry P5: 0.34Peers compared: 60.00
Debt-to-equity is 5.84×, higher than 95% of its Leisure peers (median 0.24×)Significant
Debt-to-equity: 5.84Industry median: 0.24Industry P95: 2.99Peers compared: 60.00
P/E ratio is 128.4×, higher than 95% of its Leisure peers (median 24.75×)Significant
P/E ratio: 128.4Industry median: 24.75Industry P95: 105.983Peers compared: 60.00
Structural Tensions
Most companies in its industry are production businesses; this one is an attention businessSignificant
Industry peers: 84.00Share on the common pattern %: 71.00
High gross margins eroded by operating costsNotable
Gross Margin: 0.43Profit Margin: 0.02
Financial Health
Altman Z-Score 0.55: distress zoneCritical
Altman Z-Score: 0.55
High earnings qualityNotable
Earnings Quality Score: 6.33
High structural barrier to entryNotable
Barrier to Entry: 0.57
Supply Chain
Upstream position: supplies 5 industries, depends on 2Notable
Outgoing: 5.00Incoming: 2.00
Scale
Market cap is $2.57B, above the global median of $1.15BNotable
Market cap (USD): 2,573,215,807.046Global Median: 1,146,734,693.424
Revenue is $1.09B, above the global median of $520.53MNotable
Revenue (USD): 1,085,468,903.151Global Median: 520,528,949.311
Levered free cash flow is $234.46M, above the global median of $16.24MNotable
Levered free cash flow (USD): 234,458,091.995Global Median: 16,239,329.704
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Companies that share active interpretations — structural patterns currently present in both stocks.
Flex LNG Ltd.
4 interpretationsDebt Financing ActivityElevated Leverage on Three DenominatorsWithin or Near the Altman Distress ZoneLong-Term Debt A High Share Of Total Liabilities, Short-Term Debt A High Share Of Current Liabilities
Aveanna Healthcare Holdings Inc.
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The Baldwin Group, Inc.
2 interpretationsElevated Leverage on Three DenominatorsOperating Income Growing With Multi-Year Revenue Growth