Secure Waste Infrastructure Corp. specializes in providing waste management solutions for oil and gas companies in North America. The company shows strengths with a solid gross margin of 28.9% and a reasonable current ratio of 1.20, indicating decent liquidity. However, concerns arise from a low return on equity (5.3%) and a high debt-to-equity ratio (1.26), suggesting potential leverage risks. Despite healthy margins, the overall financial health score of 45/100 indicates room for improvement in profitability and efficiency.
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Revenue fell 64.7% year-over-year from $10.3B to $3.6B. The decline has persisted for multiple quarters.
Debt of $1.0B is 40.4x the company's cash position of $25.0M.
Gross margin expanded by 8.2 percentage points, indicating improved pricing power or cost efficiency.
Operating margin expanded by 5.2pp, demonstrating strong operational leverage.
Both gross margin (+8.2pp) and operating margin (+5.2pp) are expanding simultaneously, indicating the company is scaling profitably.
Operating cash flow of $418.0M exceeds net income by 217%, indicating high-quality earnings with strong cash conversion.
Operating cash flow grew 17.1% YoY, demonstrating improving cash conversion.
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Based on 2026-Q2 (June 30, 2026)