VYXNCR Voyix Corp
Calculating & Accounting Machines (no Electronic Computers)
- Revenue
- $2.7B
- 4.6% YoY
- Operating margin
- 1.0%
- 172% YoY
- EBITDA
- $257M
- 0.8% YoY
- Market cap
- —
- Employees
- —
- Net debt / EBITDA
- 14.3×
- $3.7B net debt
- AI in 10-K
- —
Red flags 1 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 cashFired-339% of net incomeCash flow under 80% of net income
- Dilutive SBCClear1% of revenueOver 10% of revenue
- Payouts exceed cash flowClear-35% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyClear39% of assetsOver 40% of assets
- Shareholder dissentClear—Any vote under 80% support
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $3.7B | $3.2B | $3.2B | $2.8B | $2.7B | 4.6% |
| Operating income | $26M | −$50M | −$134M | −$38M | $26M | 168% |
| Net income | $98M | $59M | −$428M | $957M | $62M | 94% |
| Operating cash flow | $1.0B | $427M | $694M | −$132M | −$210M | 59% |
| Capex | $106M | $92M | $130M | $30M | $165M | 450% |
| Stock-based comp | $154M | $125M | $177M | $47M | $34M | 28% |
| Buybacks | $0 | $0 | $0 | $56M | $74M | 32% |
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 | — | — | 45 | 258 |
| FY2024 | — | — | 61 | 208 |
| FY2023 | — | — | 74 | 152 |
| FY2022 | — | — | 62 | 97 |
| FY2021 | — | — | 107 | 135 |