Strong Balance Sheet / Low LeverageA high equity ratio and falling total debt create durable financial flexibility. Low leverage reduces bankruptcy and refinancing risk, preserves capacity for capex or M&A, and supports consistent operations across cycles. This structural strength improves long-term resilience and strategic optionality.
Robust Operating Cash Flow And Free Cash Flow GrowthConsistent OCF above net income and rising free cash flow are durable indicators of cash-generative operations. Strong cash conversion funds reinvestment, debt repayment, and shareholder returns without heavy reliance on external financing, underpinning sustainable growth and margin support.
Consistent Revenue Trend And Improved Gross MarginMulti-year revenue improvement and rising gross margins point to stable demand and operational scale. Structural margin expansion at gross level supports profitability over time, enabling pricing power or cost efficiency that can sustain returns even if operating margins face cyclical pressures.