The business behind the dividend
| Measure | AGNT | Median | Formula |
|---|---|---|---|
| Return on equity | -9.4% | 10.6% | Net income ÷ shareholders’ equity |
| Return on capital employed | — | — | Operating income ÷ (equity + total debt) |
| Owner earnings | $-25.41m | $120.90m | Net income + depreciation & amortisation − capital expenditure |
| Free cash flow | $109.04m | $155.08m | Operating cash flow − capital expenditure |
| Operating margin | -0.4% | 14.3% | Operating income ÷ revenue |
| Net margin | -0.5% | 10.1% | Net income ÷ revenue |
| Debt to equity | — | — | Total debt ÷ shareholders’ equity |
| Interest cover | — | — | Operating income ÷ interest expense |
| Current ratio | 1.53x | 1.55x | Current assets ÷ current liabilities |
| Long-term debt to working capital | — | — | Long-term debt ÷ (current assets − current liabilities) |
| Cash conversion | — | — | Operating cash flow ÷ net income |
| Accruals | -31.9% | -3.1% | (Net income − operating cash flow) ÷ total assets |
Not computed here: Cash conversion, Debt to equity, Long-term debt to working capital, Interest cover, Return on capital employed — why a blank is not a zero.
Ten years of it
The same measures, for every year the filings support. One year is a fact; a row is a business.
| Measure | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | Median |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on equity | -9.4% | -10.4% | -3.7% | 6.2% | 36.6% | 22.0% | -18.3% | -74.8% | -519.4% | -292.2% | -10.4% |
| Return on capital employed | — | — | 0.2% | 6.5% | 15.2% | 21.7% | -16.1% | -68.6% | — | — | 0.2% |
| Operating margin | -0.4% | -0.4% | 0.0% | 0.4% | 0.9% | 1.8% | -0.9% | -4.5% | -14.1% | -13.8% | -0.4% |
| Net margin | -0.5% | -0.5% | -0.2% | 0.3% | 2.2% | 1.7% | -1.0% | -4.5% | -14.2% | -13.8% | -0.5% |
| Debt to equity | — | — | 0.00x | 0.02x | 0.01x | 0.03x | 0.05x | 0.09x | — | — | 0.02x |
| Current ratio | 1.53x | 1.44x | 1.88x | 2.00x | 1.71x | 2.20x | 1.88x | 1.75x | 1.26x | 1.56x | 1.71x |
| Cash conversion | — | — | — | 13.63x | 3.04x | 3.84x | — | — | — | — | 3.84x |
How it compares in not classified
Among the 8 not classified companies here measured on free cash flow, AGNT pays out less than 4 of them. The median for that group is 35.0%, against this company’s 28.2%.
Closest on free cash flow
- RE/MAX Holdings (RMAX) 1.5%
- ADT (ADT) 10.9%
- Allegion (ALLE) 25.6%
- Marcus & Millichap (MMI) 35.0%
Same sector and same denominator, so the figures are comparable. All 10 in not classified →