Balance Sheet StrengthHigh equity ratio and low debt provide durable financial flexibility, lowering refinancing risk and supporting investment in client delivery and hiring. Conservative leverage allows the firm to withstand demand volatility and fund strategic initiatives without pressuring cash flow or solvency.
Free Cash Flow ImprovementRecent improvement in free cash flow gives management a foundation to stabilize cash generation and fund operations internally. Consistent FCF supports reinvestment in staffing and service delivery, reduces reliance on external financing, and enhances resilience across business cycles.
Margin QualityA healthy gross profit margin indicates core service economics remain intact despite top-line swings. This structural margin resilience helps absorb revenue variability, sustain operating leverage as utilization improves, and supports a path to durable EBITDA recovery if revenues stabilize.