
$11.9B+5% YoYFY 2025
◌ 2026 = trailing twelve months to the latest filed quarter, not a full fiscal year
→Revenue reached $11.9B in 2025, compounding +11% a year since 2022 though the pace has cooled. The trailing twelve months are already running at $12.4B, ahead of the last full year.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30
$1.5B+0% YoYFY 2025
◌ 2026 = trailing twelve months to the latest filed quarter, not a full fiscal year
→Net income was $1.5B in 2025, compounding +20% a year over three years. Trailing twelve-month profit stands at $1.4B.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30
+5.4%revenue growth, FY 2025
Off the axis: 2017 earnings +668.4% - rebounds off a collapsed prior year.
→Revenue grew +5% in 2025 against a five-year average of +15%. Earnings grew more slowly (+0%), so costs are absorbing part of the growth. 2017's +668% earnings rebound off a collapsed base sits off the axis.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30
$1.4B−4% YoYFY 2025
◌ 2026 = trailing twelve months to the latest filed quarter, not a full fiscal year
→Free cash flow was $1.4B in 2025, compounding +20% a year since 2022. The trailing twelve months stand at $1.6B.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30
◌ 2026 = trailing twelve months to the latest filed quarter, not a full fiscal year
→12 cents of every sales dollar became free cash in 2025, up 2 points since 2022.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30
◌ 2026 = trailing twelve months to the latest filed quarter (2026-06-30), not a full fiscal year
→The biggest claim on each sales dollar is capital spending, at 6% of revenue (stock compensation 1%).
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30
→Operating profit outgrew revenue in 4 of the last 5 years, most recently +1% against +5%. Each additional dollar of sales is landing more profitably than the last - the definition of operating leverage.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30
◌ 2026 = trailing twelve months to the latest filed quarter (2026-06-30), not a full fiscal year
→Operating margin widened 3 points to 16% since 2022. After everything, 13 cents of each sales dollar reaches net profit. CMG doesn't tag a gross-profit line in its filings, so the chart starts at operating margin.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30
◌ 2026 = trailing twelve months to the latest filed quarter (2026-06-30), not a full fiscal year
→ROE of 65% sits well above ROCE of 25%. A meaningful share of the shareholder return is manufactured with leverage rather than operations.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30
35.0xP/E today
◌ 2026 = at the latest close (2026-09-04), over the trailing twelve months; earlier years are annual averages
→At 35.0x earnings, the market is paying 43% less than CMG's own 10-year median of 61.2x. Pessimism is priced in - the question is whether it is deserved. Today's multiple is the lowest in the charted history.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30
3.4%FCF yield today
◌ 2026 = at the latest close (2026-09-04), over the trailing twelve months; earlier years are annual averages
→Every dollar of market value currently buys 3.4% of annual free cash flow, more than its 10-year median of 2.0% - the cash is cheaper than usual.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30
→Debt isn't clearly tagged in CMG's filings, so treat the balance sheet with extra care rather than assuming zero.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30
→The company's own capital shrank from $3.1B in 2023 to $2.2B (-28%). Buybacks or losses are drawing the buffer down - the distinction matters.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30
→Shareholders received $2.4B in buybacks in 2025. Stock compensation issued $120M of new shares in the same year, offsetting 5% of that.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30
→The share count shrank 2.5% in 2025, averaging 1.5% a year over three years. Buybacks are concentrating your ownership: the same business, split fewer ways.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30
→CMG earns 24.8% on the capital it employs, well above the 10% most investors treat as the cost of capital. It was 19.3% in 2022, so the trend is up, though the pace has cooled.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30
→CMG has shrunk its share count -15% from 2011 to 2025, so each remaining share owns more of the business. Revenue per share is +239% over the same years.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30
→Insiders sold $7M on the open market and bought nothing. Many sales are pre-scheduled diversification rather than a view on the price. A further 49 filings were grants, option exercises or tax withholding, which say nothing either way.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30