The business behind the dividend
| Measure | BBCP | Median | Formula |
|---|---|---|---|
| Return on equity | 2.4% | 10.6% | Net income ÷ shareholders’ equity |
| Return on capital employed | 6.1% | 10.0% | Operating income ÷ (equity + total debt) |
| Owner earnings | $13.13m | $120.90m | Net income + depreciation & amortisation − capital expenditure |
| Free cash flow | $17.53m | $155.08m | Operating cash flow − capital expenditure |
| Operating margin | 11.7% | 14.3% | Operating income ÷ revenue |
| Net margin | 1.8% | 10.1% | Net income ÷ revenue |
| Debt to equity | 1.58x | 0.73x | Total debt ÷ shareholders’ equity |
| Interest cover | 1.32x | 4.22x | Operating income ÷ interest expense |
| Current ratio | 2.17x | 1.55x | Current assets ÷ current liabilities |
| Long-term debt to working capital | 6.84x | 1.88x | Long-term debt ÷ (current assets − current liabilities) |
| Cash conversion | 10.09x | 1.66x | Operating cash flow ÷ net income |
| Accruals | -6.6% | -3.1% | (Net income − operating cash flow) ÷ total assets |
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 | 2018 | Median |
|---|---|---|---|---|---|---|---|---|
| Return on equity | 2.4% | 5.0% | 10.3% | 10.3% | -5.7% | -22.9% | 61.7% | 5.0% |
| Return on capital employed | 6.1% | 7.1% | 9.0% | 7.7% | 6.0% | -5.2% | 18.2% | 7.1% |
| Operating margin | 11.7% | 12.6% | 14.9% | 13.3% | 12.0% | -10.4% | 16.4% | 12.6% |
| Net margin | 1.8% | 4.1% | 7.7% | 7.6% | -4.8% | -20.1% | 11.7% | 4.1% |
| Debt to equity | 1.58x | 1.16x | 1.21x | 1.33x | 1.41x | 1.29x | 3.77x | 1.33x |
| Current ratio | 2.17x | 1.99x | 1.12x | 0.74x | 1.40x | 0.96x | 0.59x | 1.12x |
| Cash conversion | 10.09x | 5.36x | 3.05x | 2.67x | — | — | 1.40x | 3.05x |
How it compares in industrials
Among the 289 industrials companies here measured on free cash flow, Concrete Pumping Holdings pays out less than 4 of them. The median for that group is 24.4%, against this company’s 303.1%.
Closest on free cash flow
- Vestis (VSTS) 239.6%
- Boise Cascade (BCC) 272.3%
- Wesco International (WCC) 350.8%
- International Seaways (INSW) 365.4%
Same sector and same denominator, so the figures are comparable. All 348 in industrials →