How has Open Lending Corporation's return on invested capital changed year-over-year?

Open Lending Corporation's return on invested capital decreased by 72.4% year-over-year, from 55.6% to 15.3%.

What does return on invested capital mean?

Net operating profit after tax (operating income taxed at the effective rate) divided by average invested capital (debt plus equity minus cash). Measures the after-tax return on all capital put to work in the business, independent of capital structure.

Open Lending Corporation LPRO Return on invested capital

Return on invested capital at other companies

Henry (Jack) & AssociatesJKHY

22.6%+3.2pp

Green DotGDOT

45.5%—

Upstart Holdings, Inc.UPST

2.7%+1.5pp

SoFi Technologies, Inc.SOFI

20.5%-1.8pp

Pagaya TechnologiesPGY

53.1%+32.9pp

Regional Management CorporationRM

5.7%+0.8pp

Other financials

Income statement

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Revenue$20.5M-16.0%

Gross profit$15.6M-14.6%

Operating income-$633.0K-183%

Net income-$460.0K-175%

EPS (diluted)$0.00-100%

Balance sheet

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Cash & equivalents$185.0M-25.1%

Total debt$85.1M-39.7%

Total equity$75.3M-5.7%

Total assets$231.1M-24.0%

Cash flow

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Operating cash flow-$764.0K+80.1%

CapEx--100%

Free cash flow-$764.0K+80.3%

Valuation

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Market cap$369.17M+47.5%

Enterprise value$269.29M+86.4%

P/S4.1×—

Profitability

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Gross margin77.2%—

Operating margin32.6%-30.1pp

Net margin20.8%-27.5pp

FCF margin58.3%-4.1pp

Returns & leverage

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Return on equity-102.5%—

Debt / equity1.1×-0.6×

Current ratio4.4×-1.8×

Where this comes from

Calculated from Open Lending Corporation’s reported figures.

nopat/invested capital=15.3%

Based on trailing twelve months.

The official record: Open Lending Corporation’s 10-Q, filed November 8, 2024, on SEC EDGAR. View the filing →

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Questions, answered.

What is Open Lending Corporation's return on invested capital?: Open Lending Corporation (LPRO) reported return on invested capital of 15.3% in Q3 2023.
How has Open Lending Corporation's return on invested capital changed year-over-year?: Open Lending Corporation's return on invested capital decreased by 72.4% year-over-year, from 55.6% to 15.3%.
What does return on invested capital mean?: Net operating profit after tax (operating income taxed at the effective rate) divided by average invested capital (debt plus equity minus cash). Measures the after-tax return on all capital put to work in the business, independent of capital structure.