Free Cash Flow ConversionVery strong FCF growth and ~91% FCF-to-net-income conversion supports durable financial flexibility. High conversion enables sustained dividends, organic reinvestment, and debt reduction without depending on volatile revenue, strengthening resilience across business cycles.
Conservative LeverageMaterial reduction in leverage to a low D/E gives long-term stability and optionality. Conservative capital structure lowers refinancing and interest risk, enabling capital allocation for M&A, R&D, or shareholder returns while preserving balance sheet strength.
Improved ProfitabilitySubstantial margin and ROE improvement indicate meaningful operational efficiency gains or higher-value mix. Sustained higher margins drive cash generation, improve return on invested capital, and provide a buffer against revenue softness while funding strategic investments.