Crude Oil
Energy companies are highly sensitive to oil prices. Every $10/barrel change can impact operating margins by 15-25%.
McCoy Global Inc. provides equipment and technologies for tubular running operations in the energy sector. The company boasts a strong liquidity position with a current ratio of 3.54 and no debt, indicating financial stability. However, its profitability metrics are concerning, with a net margin of only 0.7% and low returns on equity and assets. The gross margin of 20.4% suggests potential for improvement, yet the overall low market cap and recent price decline may reflect investor skepticism about growth prospects.
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Revenue fell 20.7% year-over-year from $84.5M to $67.0M. The decline has persisted for multiple quarters.
Gross profit margin declined from 36.6% to 25.1% year-over-year, suggesting pricing pressure or rising input costs are squeezing profitability.
Operating cash flow of $9.0M exceeds net income by 145%, indicating high-quality earnings with strong cash conversion.
Debt-free balance sheet with a solid cash position, providing significant financial flexibility.
Excellent liquidity with current ratio of 3.5x ensures operational stability.
Low debt-to-revenue ratio of 0.0% indicates conservative financial management.
Free cash flow grew 13.6% YoY, providing more resources for growth and returns.
Valuation, risk assessment, competitive positioning, and key insights — all in one report.
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Based on 2026-Q2 (June 30, 2026)