EFOREverforth Inc
Services-Help Supply Services
- Revenue
- $4.0B
- 2.9% YoY
- Operating margin
- 5.8%
- 22% YoY
- EBITDA
- $344M
- 14% YoY
- Market cap
- $1.6B
- Employees
- —
- Net debt / EBITDA
- 3.6×
- $1.2B net debt
- AI in 10-K
- 10.5
- mentions per 10K words
Takeover score 2 of 13
Fixable underperformance 1 of 7
- TSR below peersNo1 of 5 years3+ of last 5 years
- High CEO pay despite TSRNo$8M medianMedian CEO pay ≥ $15M while TSR trails
- Earnings not backed by cashNo289% of net incomeCash flow under 80% of net income
- Dilutive SBCNo1% of revenueOver 10% of revenue
- Payouts exceed cash flowNo52% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyYes57% of assetsOver 40% of assets
- Shareholder dissentNo98% lowest supportAny vote under 80% support
Buyer economics 1 of 4
- Low revenue per employeeNo—Bottom quartile of its SIC industry
- Quiet on AINo10.5 per 10K words · 93rd pctBottom quartile of AI mentions in 10-Ks
- Net cashNo3.6× EBITDA net debtMore cash than debt, positive EBITDA
- Buyout-sizedYes$1.6B market capMarket cap $500M–$5B
Catalysts 0 of 2
- Active 13DNo0 filingsActive-intent 13D in 18 months
- Net insider sellingNo$2M netNet sales over $10M in 12 months
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $4.0B | $4.6B | $4.5B | $4.1B | $4.0B | 2.9% |
| Operating income | $351M | $410M | $364M | $304M | $230M | 24% |
| Net income | $410M | $268M | $219M | $175M | $114M | 35% |
| Operating cash flow | $194M | $308M | $457M | $400M | $328M | 18% |
| Capex | $35M | $38M | $40M | $35M | $40M | 13% |
| Stock-based comp | $53M | $49M | $44M | $42M | $48M | 13% |
| Buybacks | $181M | $281M | $273M | $327M | $170M | 48% |
Deal filings
None.
13D filers
None on file.
Insider trading
- Open-market buys, 12 mo
- $2M · 17
- Open-market sells, 12 mo
- $0 · 0
- Net
- $2M
Pay vs performance
| Year | CEO total comp | Comp actually paid | TSR (indexed) | Peer TSR |
|---|---|---|---|---|
| FY2025 | $10M | $4M | 58 | 100 |
| FY2024 | $8M | $4M | 100 | 94 |
| FY2023 | $7M | $4M | 115 | 82 |
| FY2022 | $8M | $335K | 98 | 64 |
| FY2021 | $10M | $17M | 148 | 83 |