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Keel Infrastructure Corp.

KEEL

$3.91 ▲ +0.10 (+2.62%) at close

6 Visible periods

29 Metrics

Peer-ranked Benchmarks

Price Chart

Health

Poor

Bearish

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Analytical Summary

Keel Infrastructure Corp. faces fundamental challenges with weakness in Return on Common Equity (%) and Profit Margin (%). The fundamentals warrant careful consideration of downside risks.

Market Cap $2.2B

Dividend Yield —

Revenue Growth 72.0% ↗

Op. Margin -65.2% ↘

ROIC -12.2% ↘

FCF / Share $-0.41 ↘

Trailing P/E —

Price / Book 4.2x

FCF Yield —

Debt / Equity 1.19

info Valuation on last close. End-of-day price, Aug 7, 2026.

6-Year Financial Trajectory

Annual

Metric Value Trend Year over Year Percentile

Revenue Total top-line sales

$229.28M

↑ +72.0% —

Net Income Profit after all expenses

$-284.54M

↓ -903.2% —

Operating Margin Operating profit as % of sales

-65.2%

↓ -210.4% 4th

FCF / Share Free cash flow per share

$-0.41

↓ -20.2% —

Long-Term Debt Long-term obligations

$669.47M

↑ +42379.0% —

trending_up

Bullish Indicators

No bullish signals detected.

warning

Bearish Risks

Debt to EquityDebt to Equity is concerning (bottom quartile)
Operating Margin (%)Operating Margin (%) is in the bottom quartile
Profit Margin (%)Profit Margin (%) is in the bottom quartile
Return on Common Equity (%)Return on Common Equity (%) is in the bottom quartile

Health Breakdown

Profitability ↓

Returns ↓

Financial Health →

Cash Quality ↓

Financial view

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📈 Is growth accelerating? 4 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 40-F ↗	FY 2021 Dec 31, 2021 40-F ↗	FY 2020 Dec 31, 2020 40-F ↗
Revenue Growth YoY (%)	72.0% Excellent Excellent Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+1101%)	10.7% Good Good Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+78%)	—	—	—	—
EPS Growth YoY (%)	-642.9% Weak Weak Year-over-year change in earnings per share Optimal: > 10%	66.7% Excellent Excellent Year-over-year change in earnings per share Optimal: > 10%	—	—	—	—
Net Income Growth YoY (%)	-903.2% Weak ↓ Weak Declining Year-over-year change in net income	48.9% Excellent Excellent Year-over-year change in net income	68.4% Excellent Excellent Year-over-year change in net income	N/M	N/M	—
FCF Growth YoY (%)	-20.2% Weak Weak Year-over-year change in free cash flow	16.2% Good Good Year-over-year change in free cash flow	—	—	—	—

💰 Are margins durable? 5 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 40-F ↗	FY 2021 Dec 31, 2021 40-F ↗	FY 2020 Dec 31, 2020 40-F ↗
Operating Margin (%) (%)	-65.2% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-361%)	-21.0% Weak Weak Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-184%)	-41.5% Weak Weak Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-266%)	—	—	—
Effective Tax Rate (%) (%)	-0.0% Excellent ↑ Excellent Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	-4.9% Excellent Excellent Actual taxes paid relative to pre-tax income Optimal: 15-25%	0.4% Excellent Excellent Actual taxes paid relative to pre-tax income Optimal: 15-25%	—	—	—
Profit Margin (%) (%)	-124.1% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-664%)	-21.3% Weak Weak Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-197%)	-46.1% Weak Weak Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-310%)	—	—	—
FCF Margin (%) (%)	-98.8% Weak → Weak Stable Free cash flow as a percentage of revenue Optimal: > 10%	-106.3% Weak Weak Free cash flow as a percentage of revenue Optimal: > 10%	-88.8% Weak Weak Free cash flow as a percentage of revenue Optimal: > 10%	—	—	—
FCF / Net Income (x)	0.80x Caution ↓ Caution Declining Free cash flow relative to reported net income Optimal: > 1x	5.00x Excellent Excellent Free cash flow relative to reported net income Optimal: > 1x	1.93x Excellent Excellent Free cash flow relative to reported net income Optimal: > 1x	—	—	—

🎯 Is capital allocation efficient? 3 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 40-F ↗	FY 2021 Dec 31, 2021 40-F ↗	FY 2020 Dec 31, 2020 40-F ↗
Return on Invested Capital (%)	-12.2% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	-4.8% Weak Weak Return earned on debt + equity capital invested Optimal: > 10%	-15.1% Weak Weak Return earned on debt + equity capital invested Optimal: > 10%	—	—	—
Return on Capital (%) (%)	-11.5% Weak Weak Operating profit relative to total assets Optimal: > 10%	-4.2% Weak Weak Operating profit relative to total assets Optimal: > 10%	—	—	—	—
Return on Common Equity (%) (%)	-50.8% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-523%)	-4.6% Weak Weak Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-139%)	-17.1% Weak Weak Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-242%)	—	—	—

⚖️ Is the balance sheet risky? 4 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 40-F ↗	FY 2021 Dec 31, 2021 40-F ↗	FY 2020 Dec 31, 2020 40-F ↗
Debt to Equity (x)	1.19x Caution ↑ Caution Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: At sector avg	0.00x Excellent Excellent Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-100%)	0.01x Excellent Excellent Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-99%)	—	—	—
Interest Coverage (x)	-118.82x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	-16.12x Weak Weak Operating income divided by interest expense Optimal: > 5x	-3.59x Weak Weak Operating income divided by interest expense Optimal: > 5x	—	—	—
Net Debt (USD)	$669.47M	$1.58M	$4.02M	—	—	—
Debt / EBITDA (x)	-24.82x Excellent ↓ Excellent Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	0.01x Excellent Excellent Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	0.12x Excellent Excellent Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	—	—	—

📊 What does each share earn? 6 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 40-F ↗	FY 2021 Dec 31, 2021 40-F ↗	FY 2020 Dec 31, 2020 40-F ↗
Revenue per Share (USD)	$0.42	$0.32	$0.46	—	—	—
Basic EPS, GAAP (USD)	$-0.52	$-0.07	$-0.21	—	—	—
Free Cash Flow per Share (USD)	$-0.41	$-0.34	$-0.41	—	—	—
Book Value per Share (USD)	$0.93	$1.27	$0.97	—	—	—
Tangible Book Value per Share (USD)	$0.93	$1.27	$0.97	—	—	—
Basic Weighted Avg Shares (shares)	551.68M	414.67M	262.24M	—	—	—

🏦 How resilient is the balance sheet? 3 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 40-F ↗	FY 2021 Dec 31, 2021 40-F ↗	FY 2020 Dec 31, 2020 40-F ↗
Working Capital (USD)	$678.35M	$185.58M	—	—	—	—
LT Debt (USD)	$669.47M	$1.58M	$4.02M	—	—	—
Total Equity (USD)	$560.38M	$611.15M	$325.36M	—	—	—

📋 What is driving earnings? 4 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 40-F ↗	FY 2021 Dec 31, 2021 40-F ↗	FY 2020 Dec 31, 2020 40-F ↗
Sales/Revenue/Turnover (USD)	$229.28M	$133.27M	$120.40M	—	—	—
Depreciation Expense (USD)	$122.63M	$135.42M	$84.32M	—	—	—
Net Income, GAAP (USD)	$-284.54M	$-28.36M	$-55.51M	$-175.64M	$22.13M	$-16.29M
Operating Cash Flow (USD)	$-226.59M	$-141.71M	$-106.89M	—	—	—

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bar_chart Data from SEC EDGAR XBRL filings

Synced 1 week ago 6 years · 8 quarters

Keel Infrastructure Corp.

Analytical Summary

6-Year Financial Trajectory

Bullish Indicators

Bearish Risks

Health Breakdown

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