AROWARROW FINANCIAL CORP
National Commercial Banks
- Revenue
- —
- Operating margin
- —
- EBITDA
- —
- Market cap
- $635M
- Employees
- 4,421,212
- Net debt / EBITDA
- —
- −$80M net debt
- AI in 10-K
- 1.4
- mentions per 10K words
Takeover score 2 of 13
Fixable underperformance 1 of 7
- TSR below peersYes4 of 5 years3+ of last 5 years
- High CEO pay despite TSRNo$2M medianMedian CEO pay ≥ $15M while TSR trails
- Earnings not backed by cashNo94% of net incomeCash flow under 80% of net income
- Dilutive SBCNo—Over 10% of revenue
- Payouts exceed cash flowNo67% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyNo1% of assetsOver 40% of assets
- Shareholder dissentNo84% lowest supportAny vote under 80% support
Buyer economics 1 of 4
- Low revenue per employeeNo—Bottom quartile of its SIC industry
- Quiet on AINo1.4 per 10K words · 43rd pctBottom quartile of AI mentions in 10-Ks
- Net cashNo—More cash than debt, positive EBITDA
- Buyout-sizedYes$635M market capMarket cap $500M–$5B
Catalysts 0 of 2
- Active 13DNo0 filingsActive-intent 13D in 18 months
- Net insider sellingNo$36K netNet sales over $10M in 12 months
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Net income | $50M | $49M | $30M | $30M | $44M | 48% |
| Operating cash flow | $68M | $60M | $21M | $34M | $41M | 20% |
| Capex | $7M | $14M | $7M | $6M | $5M | 9.1% |
| Stock-based comp | $414K | $451K | $605K | $314K | $683K | 118% |
| Buybacks | $3M | $3M | $4M | $7M | $10M | 51% |
| Dividends | $16M | $17M | — | — | — |
Deal filings
None.
13D filers
None on file.
Insider trading
- Open-market buys, 12 mo
- $194K · 4
- Open-market sells, 12 mo
- $159K · 1
- Net
- $36K
Pay vs performance
| Year | CEO total comp | Comp actually paid | TSR (indexed) | Peer TSR |
|---|---|---|---|---|
| FY2025 | $2M | $2M | 139 | 153 |
| FY2024 | $1M | $1M | 122 | 143 |
| FY2023 | — | — | 114 | 127 |
| FY2022 | $2M | $2M | 128 | 127 |
| FY2021 | $2M | $2M | 125 | 137 |