What does EBITDA margin mean?

EBITDA (earnings before interest, taxes, depreciation, and amortization) as a percentage of revenue, trailing twelve months. A proxy for cash operating profitability that strips out capital-structure and non-cash charges.

Tucows TCX EBITDA margin

Discontinued — last reported Q4 '15

EBITDA margin at other companies

Lumen TechnologiesLUMN

19.7%-6.8pp

Verizon CommunicationsVZ

34.6%-0.2pp

AT&TT

36.1%+3.9pp

ComcastCMCSA

28.2%-2.7pp

GoDaddyGDDY

25.9%+2.4pp

HarmonicHLIT

24.3%—

Other financials

Income statement

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Revenue$96.7M+2.2%

Gross profit$24.1M+2.5%

Operating income-$4.3M-112%

Net income-$18.1M-19.7%

Balance sheet

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Cash & equivalents$44.3M+16.4%

Total debt$363.9M+12.5%

Total equity-$181.3M-67.5%

Total assets$729.2M-1.7%

Cash flow

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Operating cash flow$3.5M+131%

CapEx$5.5M+1.7%

Free cash flow-$2.0M+88.0%

Valuation

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Market cap$149.62M-30.4%

Enterprise value$469.18M-4.7%

P/S0.4×-0.2×

Profitability

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Gross margin30.8%—

Operating margin10.4%—

Net margin-20.1%-4.0pp

FCF margin-2.1%-1.0pp

Returns & leverage

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Return on equity-180.6%-217pp

Debt / equity25×+24.8×

Current ratio0.6×-0.4×

Where this comes from

Calculated from Tucows’s reported figures.

ebitda/total revenue=10.6%

Based on trailing twelve months.

The official record: Tucows’s 10-K, filed March 5, 2019, on SEC EDGAR. View the filing →

Questions, answered.

What does EBITDA margin mean?: EBITDA (earnings before interest, taxes, depreciation, and amortization) as a percentage of revenue, trailing twelve months. A proxy for cash operating profitability that strips out capital-structure and non-cash charges.