EBFENNIS, INC.
Manifold Business Forms
- Revenue
- $392M
- 0.6% YoY
- Operating margin
- 13.4%
- 1.9% YoY
- EBITDA
- $62M
- 1.5% YoY
- Market cap
- —
- Employees
- —
- Net debt / EBITDA
- 0.1×
- $3M net debt
- AI in 10-K
- —
Red flags 0 of 9
- TSR below peersClear—3+ of last 5 years
- High CEO pay despite TSRClear—Median CEO pay ≥ $15M and TSR flag
- Active 13DClear0 filingsActive-intent 13D in 18 months
- Net insider sellingClear$0 netNet sales over $10M in 12 months
- Earnings not backed by cashClear124% of net incomeCash flow under 80% of net income
- Dilutive SBCClear1% of revenueOver 10% of revenue
- Payouts exceed cash flowClear77% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyClear29% of assetsOver 40% of assets
- Shareholder dissentClear—Any vote under 80% support
Financials
| Metric | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $400M | $432M | $420M | $395M | $392M | 0.6% |
| Operating income | $44M | $66M | $56M | $52M | $53M | 1.4% |
| Net income | $29M | $47M | $43M | $40M | $43M | 6.0% |
| Operating cash flow | $51M | $47M | $69M | $66M | $53M | 20% |
| Capex | $7M | $4M | $7M | $6M | $12M | 99% |
| Stock-based comp | $3M | $3M | $1M | $4M | $3M | 37% |
| Buybacks | $5M | $1M | $586K | $2M | $14M | 687% |
| Dividends | $25M | $26M | $26M | $92M | $26M | 72% |
Deal filings
None.
13D filers
None on file.
Insider trading
No open-market trades in the last 12 months.
Pay vs performance
| Year | CEO total comp | Comp actually paid | TSR (indexed) | Peer TSR |
|---|---|---|---|---|
| FY2025 | $5M | $6M | 151 | 92 |
| FY2024 | $2M | $715K | 123 | 133 |
| FY2023 | $3M | $4M | 125 | 115 |
| FY2022 | $6M | $5M | 103 | 110 |
| FY2021 | $2M | $2M | 153 | 93 |