Capital Intensity
Score how much of a company is physical plant, inventory, and equipment, whether that base is being maintained, and whether the shares have tangible backing.
Orthopediatrics Corp
Physical assets are 36.0% of total assets, a mixed footprint. Capex is 0.53x depreciation and free cash flow yield is weak, which fits a cash drain on aging assets. EBITDA after capex covers debt service by -3.76x, which is below 1.
Fixed-asset turnover is 4.77x. Compare it with other names in the same basket.
Physical asset ratio
36.0%Physical asset ratio · 2025-12-31(Net PP&E + inventory) / total assetsNet PP&E$49.56MpropertyPlantAndEquipmentNetInventory$133.79MinventoryTotal assets$508.63MtotalAssetsResult 36.0%
Net PP&E plus inventory, divided by total assets. Above 50% is a heavy footprint.
Fixed asset turnover
4.77xFixed asset turnover · 2025-12-31Revenue / net PP&ERevenue$236.35MtotalRevenueNet PP&E$49.56MpropertyPlantAndEquipmentNetResult 4.77x
Revenue per dollar of the physical asset base.
Capex / D&A
0.53xCapex / D&A · 2025-12-31Capital expenditures / depreciation and amortizationCapex$11.11McapitalExpendituresD&A$21.12MdepreciationAndAmortizationResult 0.53x
Above 1.0x means the physical base is being replaced or expanded.
Tangible book / share
$6.80Tangible book / share · 2025-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$508.63MtotalAssetsGoodwill$109.27MgoodWillIntangibles$77.71MintangibleAssetsLiabilities$162.03MtotalLiabTangible book$159.62MShares23,459,425commonStockSharesOutstandingResult $6.80
Assets minus goodwill, intangibles, and liabilities, per share.
Price / tangible book
4.54xPrice / tangible bookPrice / tangible book per sharePrice$30.87Latest quoteTangible book / share$6.802025-12-31Result 4.54x
Price $30.87.
Fixed-charge coverage
-3.76xFixed-charge coverage · 2025-12-31(EBITDA − capex) / (interest + short-term debt)EBITDA-$12.07MebitdaCapex$11.11McapitalExpendituresInterest$6.00MinterestExpenseShort-term debt$170.00KshortTermDebtEBITDA − capex-$23.18MPrincipal due is short-term debt.Result -3.76x
EBITDA minus capex, divided by interest plus short-term debt.
FCF yield
-1.9%Free cash flow yield · 2025-12-31Latest free cash flow / current market capFree cash flow-$15.96MfreeCashFlowMarket cap$823.00MMarketCapitalizationResult -1.9%
Latest free cash flow divided by current market cap ($823.00M).
ROIC
—ROIC · 2025-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income-$29.00MoperatingIncomeTax expense$460.00KincomeTaxExpensePretax income-$39.19MincomeBeforeTaxTax rate—Equity$346.60MtotalStockholderEquityDebt$99.99MshortLongTermDebtTotalCash$60.85McashAndShortTermInvestmentsInvested capital$385.74MROIC needs a positive pretax income so an effective tax rate can be calculated.Result —
After-tax operating income over equity plus debt minus cash.
Operating income / net PP&E is -0.59x.
Footprint and return
Turnover and reinvestment
| Year | Physical | FAT | Capex/D&A | TBV/sh | Coverage | FCF | ROIC | EBIT/PP&E |
|---|---|---|---|---|---|---|---|---|
| 2018 | 34.3%Physical asset ratio · 2018-12-31(Net PP&E + inventory) / total assetsNet PP&E$12.77MpropertyPlantEquipmentInventory$25.71MinventoryTotal assets$112.11MtotalAssetsResult 34.3% | 4.51xFixed asset turnover · 2018-12-31Revenue / net PP&ERevenue$57.56MtotalRevenueNet PP&E$12.77MpropertyPlantEquipmentResult 4.51x | 1.89xCapex / D&A · 2018-12-31Capital expenditures / depreciation and amortizationCapex$5.46McapitalExpendituresD&A$2.89MdepreciationAndAmortizationResult 1.89x | $6.33Tangible book / share · 2018-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$112.11MtotalAssetsGoodwill$0.00Not reported, treated as 0Intangibles$2.18MintangibleAssetsLiabilities$30.37MtotalLiabTangible book$79.55MShares12,567,387commonStockSharesOutstandingGoodwill was not reported and is treated as zero.Result $6.33 | -5.20xFixed-charge coverage · 2018-12-31(EBITDA − capex) / (interest + short-term debt)EBITDA-$6.88MebitdaCapex$5.46McapitalExpendituresInterest$2.26MinterestExpenseShort-term debt$118.00KshortTermDebtEBITDA − capex-$12.34MPrincipal due is short-term debt.Result -5.20x | -$21.05MFree cash flow · 2018-12-31Reported free cash flowOperating cash flow-$15.58MtotalCashFromOperatingActivitiesCapex$5.46McapitalExpendituresFree cash flow-$21.05MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result -$21.05M | —ROIC · 2018-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income-$9.55MoperatingIncomeTax expense-$217.00KincomeTaxExpensePretax income-$12.03MincomeBeforeTaxTax rate—Equity$81.73MtotalStockholderEquityDebt$21.27MshortLongTermDebtTotalCash$60.69McashInvested capital$42.32MROIC needs a positive pretax income so an effective tax rate can be calculated.Result — | -0.75xEBIT / PP&E · 2018-12-31Operating income / net PP&EOperating income-$9.55MoperatingIncomeNet PP&E$12.77MpropertyPlantEquipmentResult -0.75x |
| 2019 | 30.5%Physical asset ratio · 2019-12-31(Net PP&E + inventory) / total assetsNet PP&E$21.35MpropertyPlantEquipmentInventory$38.00MinventoryTotal assets$194.56MtotalAssetsResult 30.5% | 3.40xFixed asset turnover · 2019-12-31Revenue / net PP&ERevenue$72.55MtotalRevenueNet PP&E$21.35MpropertyPlantEquipmentResult 3.40x | 2.59xCapex / D&A · 2019-12-31Capital expenditures / depreciation and amortizationCapex$12.09McapitalExpendituresD&A$4.67MdepreciationAndAmortizationResult 2.59x | $6.65Tangible book / share · 2019-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$194.56MtotalAssetsGoodwill$26.18MgoodWillIntangibles$18.97MintangibleAssetsLiabilities$52.20MtotalLiabTangible book$97.20MShares14,624,194commonStockSharesOutstandingResult $6.65 | -4.52xFixed-charge coverage · 2019-12-31(EBITDA − capex) / (interest + short-term debt)EBITDA-$4.48MebitdaCapex$12.09McapitalExpendituresInterest$3.54MinterestExpenseShort-term debt$124.00KshortTermDebtEBITDA − capex-$16.56MPrincipal due is short-term debt.Result -4.52x | -$29.86MFree cash flow · 2019-12-31Reported free cash flowOperating cash flow-$17.77MtotalCashFromOperatingActivitiesCapex$12.09McapitalExpendituresFree cash flow-$29.86MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result -$29.86M | —ROIC · 2019-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income-$9.08MoperatingIncomeTax expense$4.51MincomeTaxExpensePretax income-$12.69MincomeBeforeTaxTax rate—Equity$142.36MtotalStockholderEquityDebt$26.25MshortLongTermDebtTotalCash$70.78McashInvested capital$97.84MROIC needs a positive pretax income so an effective tax rate can be calculated.Result — | -0.43xEBIT / PP&E · 2019-12-31Operating income / net PP&EOperating income-$9.08MoperatingIncomeNet PP&E$21.35MpropertyPlantEquipmentResult -0.43x |
| 2020 | 24.7%Physical asset ratio · 2020-12-31(Net PP&E + inventory) / total assetsNet PP&E$27.23MpropertyPlantEquipmentInventory$52.99MinventoryTotal assets$324.83MtotalAssetsResult 24.7% | 2.61xFixed asset turnover · 2020-12-31Revenue / net PP&ERevenue$71.08MtotalRevenueNet PP&E$27.23MpropertyPlantEquipmentResult 2.61x | 1.41xCapex / D&A · 2020-12-31Capital expenditures / depreciation and amortizationCapex$11.30McapitalExpendituresD&A$8.01MdepreciationAndAmortizationResult 1.41x | $5.54Tangible book / share · 2020-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$324.83MtotalAssetsGoodwill$70.51MgoodWillIntangibles$64.25MintangibleAssetsLiabilities$90.06MtotalLiabTangible book$100.01MShares18,056,828commonStockSharesOutstandingResult $5.54 | -9.47xFixed-charge coverage · 2020-12-31(EBITDA − capex) / (interest + short-term debt)EBITDA-$22.25MebitdaCapex$11.30McapitalExpendituresInterest$3.41MinterestExpenseShort-term debt$131.00KshortLongTermDebtEBITDA − capex-$33.55MPrincipal due is the current portion of debt.Result -9.47x | -$29.83MFree cash flow · 2020-12-31Reported free cash flowOperating cash flow-$18.53MtotalCashFromOperatingActivitiesCapex$11.30McapitalExpendituresFree cash flow-$29.83MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result -$29.83M | —ROIC · 2020-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income-$26.76MoperatingIncomeTax expense-$723.00KincomeTaxExpensePretax income-$33.67MincomeBeforeTaxTax rate—Equity$234.77MtotalStockholderEquityDebt$1.18MlongTermDebt + shortLongTermDebtCash$85.27McashAndShortTermInvestmentsInvested capital$150.67MReported total debt was more than 1.5× long-term debt plus the current portion, so invested capital uses those two lines.ROIC needs a positive pretax income so an effective tax rate can be calculated.Result — | -0.98xEBIT / PP&E · 2020-12-31Operating income / net PP&EOperating income-$26.76MoperatingIncomeNet PP&E$27.23MpropertyPlantEquipmentResult -0.98x |
| 2021 | 27.9%Physical asset ratio · 2021-12-31(Net PP&E + inventory) / total assetsNet PP&E$28.52MpropertyPlantEquipmentInventory$57.57MinventoryTotal assets$308.40MtotalAssetsResult 27.9% | 3.44xFixed asset turnover · 2021-12-31Revenue / net PP&ERevenue$98.05MtotalRevenueNet PP&E$28.52MpropertyPlantEquipmentResult 3.44x | 1.50xCapex / D&A · 2021-12-31Capital expenditures / depreciation and amortizationCapex$16.01McapitalExpendituresD&A$10.68MdepreciationAndAmortizationResult 1.50x | $4.32Tangible book / share · 2021-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$308.40MtotalAssetsGoodwill$72.35MgoodWillIntangibles$69.76MintangibleAssetsLiabilities$83.03MtotalLiabTangible book$83.26MShares19,268,255commonStockSharesOutstandingResult $4.32 | -9.73xFixed-charge coverage · 2021-12-31(EBITDA − capex) / (interest + short-term debt)EBITDA-$7.19MebitdaCapex$16.01McapitalExpendituresInterest$2.25MinterestExpenseShort-term debt$137.00KshortLongTermDebtEBITDA − capex-$23.21MPrincipal due is the current portion of debt.Result -9.73x | -$29.07MFree cash flow · 2021-12-31Reported free cash flowOperating cash flow-$13.06MtotalCashFromOperatingActivitiesCapex$16.01McapitalExpendituresFree cash flow-$29.07MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result -$29.07M | —ROIC · 2021-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income-$18.02MoperatingIncomeTax expense-$1.13MincomeTaxExpensePretax income-$17.39MincomeBeforeTaxTax rate—Equity$225.37MtotalStockholderEquityDebt$1.04MlongTermDebt + shortLongTermDebtCash$54.91McashAndShortTermInvestmentsInvested capital$171.51MReported total debt was more than 1.5× long-term debt plus the current portion, so invested capital uses those two lines.ROIC needs a positive pretax income so an effective tax rate can be calculated.Result — | -0.63xEBIT / PP&E · 2021-12-31Operating income / net PP&EOperating income-$18.02MoperatingIncomeNet PP&E$28.52MpropertyPlantEquipmentResult -0.63x |
| 2022 | 26.3%Physical asset ratio · 2022-12-31(Net PP&E + inventory) / total assetsNet PP&E$34.29MpropertyPlantEquipmentInventory$78.19MinventoryTotal assets$427.73MtotalAssetsResult 26.3% | 3.57xFixed asset turnover · 2022-12-31Revenue / net PP&ERevenue$122.29MtotalRevenueNet PP&E$34.29MpropertyPlantEquipmentResult 3.57x | 0.77xCapex / D&A · 2022-12-31Capital expenditures / depreciation and amortizationCapex$10.03McapitalExpendituresD&A$13.10MdepreciationAndAmortizationResult 0.77x | $10.12Tangible book / share · 2022-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$427.73MtotalAssetsGoodwill$86.82MgoodWillIntangibles$79.90MintangibleAssetsLiabilities$49.08MtotalLiabTangible book$211.93MShares20,947,727commonStockSharesOutstandingResult $10.12 | -7.29xFixed-charge coverage · 2022-12-31(EBITDA − capex) / (interest + short-term debt)EBITDA-$8.69MebitdaCapex$10.03McapitalExpendituresInterest$2.42MinterestExpenseShort-term debt$144.00KshortTermDebtEBITDA − capex-$18.72MPrincipal due is short-term debt.Result -7.29x | -$31.80MFree cash flow · 2022-12-31Reported free cash flowOperating cash flow-$21.77MtotalCashFromOperatingActivitiesCapex$10.03McapitalExpendituresFree cash flow-$31.80MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result -$31.80M | —ROIC · 2022-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income-$25.40MoperatingIncomeTax expense-$4.95MincomeTaxExpensePretax income-$3.69MincomeBeforeTaxTax rate—Equity$378.65MtotalStockholderEquityDebt$907.00KshortLongTermDebtTotalCash$118.29McashAndShortTermInvestmentsInvested capital$261.27MROIC needs a positive pretax income so an effective tax rate can be calculated.Result — | -0.74xEBIT / PP&E · 2022-12-31Operating income / net PP&EOperating income-$25.40MoperatingIncomeNet PP&E$34.29MpropertyPlantEquipmentResult -0.74x |
| 2023 | 33.5%Physical asset ratio · 2023-12-31(Net PP&E + inventory) / total assetsNet PP&E$41.05MpropertyPlantAndEquipmentNetInventory$105.85MinventoryTotal assets$438.75MtotalAssetsResult 33.5% | 3.62xFixed asset turnover · 2023-12-31Revenue / net PP&ERevenue$148.73MtotalRevenueNet PP&E$41.05MpropertyPlantAndEquipmentNetResult 3.62x | 1.09xCapex / D&A · 2023-12-31Capital expenditures / depreciation and amortizationCapex$18.98McapitalExpendituresD&A$17.39MdepreciationAndAmortizationResult 1.09x | $9.21Tangible book / share · 2023-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$438.75MtotalAssetsGoodwill$83.70MgoodWillIntangibles$84.56MintangibleAssetsLiabilities$61.72MtotalLiabTangible book$208.76MShares22,675,477commonStockSharesOutstandingResult $9.21 | -78.19xFixed-charge coverage · 2023-12-31(EBITDA − capex) / (interest + short-term debt)EBITDA-$8.38MebitdaCapex$18.98McapitalExpendituresInterest$198.00KinterestExpenseShort-term debt$152.00KshortTermDebtEBITDA − capex-$27.37MPrincipal due is short-term debt.Result -78.19x | -$46.03MFree cash flow · 2023-12-31Reported free cash flowOperating cash flow-$27.05MtotalCashFromOperatingActivitiesCapex$18.98McapitalExpendituresFree cash flow-$46.03MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result -$46.03M | —ROIC · 2023-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income-$26.75MoperatingIncomeTax expense-$338.00KincomeTaxExpensePretax income-$21.31MincomeBeforeTaxTax rate—Equity$377.03MtotalStockholderEquityDebt$10.06MshortLongTermDebtTotalCash$80.31McashAndShortTermInvestmentsInvested capital$306.78MROIC needs a positive pretax income so an effective tax rate can be calculated.Result — | -0.65xEBIT / PP&E · 2023-12-31Operating income / net PP&EOperating income-$26.75MoperatingIncomeNet PP&E$41.05MpropertyPlantAndEquipmentNetResult -0.65x |
| 2024 | 37.2%Physical asset ratio · 2024-12-31(Net PP&E + inventory) / total assetsNet PP&E$58.83MpropertyPlantAndEquipmentNetInventory$117.01MinventoryTotal assets$473.21MtotalAssetsResult 37.2% | 3.48xFixed asset turnover · 2024-12-31Revenue / net PP&ERevenue$204.73MtotalRevenueNet PP&E$58.83MpropertyPlantAndEquipmentNetResult 3.48x | 0.75xCapex / D&A · 2024-12-31Capital expenditures / depreciation and amortizationCapex$14.26McapitalExpendituresD&A$19.08MdepreciationAndAmortizationResult 0.75x | $7.78Tangible book / share · 2024-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$473.21MtotalAssetsGoodwill$93.84MgoodWillIntangibles$81.18MintangibleAssetsLiabilities$118.64MtotalLiabTangible book$179.54MShares23,078,000commonStockSharesOutstandingResult $7.78 | -12.40xFixed-charge coverage · 2024-12-31(EBITDA − capex) / (interest + short-term debt)EBITDA-$20.23MebitdaCapex$14.26McapitalExpendituresInterest$2.62MinterestExpenseShort-term debt$160.00KshortLongTermDebtEBITDA − capex-$34.49MPrincipal due is the current portion of debt.Result -12.40x | -$41.31MFree cash flow · 2024-12-31Reported free cash flowOperating cash flow-$27.05MtotalCashFromOperatingActivitiesCapex$14.26McapitalExpendituresFree cash flow-$41.31MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result -$41.31M | —ROIC · 2024-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income-$29.52MoperatingIncomeTax expense-$4.11MincomeTaxExpensePretax income-$41.93MincomeBeforeTaxTax rate—Equity$354.57MtotalStockholderEquityDebt$80.90MshortLongTermDebtTotalCash$68.83McashAndShortTermInvestmentsInvested capital$366.63MROIC needs a positive pretax income so an effective tax rate can be calculated.Result — | -0.50xEBIT / PP&E · 2024-12-31Operating income / net PP&EOperating income-$29.52MoperatingIncomeNet PP&E$58.83MpropertyPlantAndEquipmentNetResult -0.50x |
| 2025 | 36.0%Physical asset ratio · 2025-12-31(Net PP&E + inventory) / total assetsNet PP&E$49.56MpropertyPlantAndEquipmentNetInventory$133.79MinventoryTotal assets$508.63MtotalAssetsResult 36.0% | 4.77xFixed asset turnover · 2025-12-31Revenue / net PP&ERevenue$236.35MtotalRevenueNet PP&E$49.56MpropertyPlantAndEquipmentNetResult 4.77x | 0.53xCapex / D&A · 2025-12-31Capital expenditures / depreciation and amortizationCapex$11.11McapitalExpendituresD&A$21.12MdepreciationAndAmortizationResult 0.53x | $6.80Tangible book / share · 2025-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$508.63MtotalAssetsGoodwill$109.27MgoodWillIntangibles$77.71MintangibleAssetsLiabilities$162.03MtotalLiabTangible book$159.62MShares23,459,425commonStockSharesOutstandingResult $6.80 | -3.76xFixed-charge coverage · 2025-12-31(EBITDA − capex) / (interest + short-term debt)EBITDA-$12.07MebitdaCapex$11.11McapitalExpendituresInterest$6.00MinterestExpenseShort-term debt$170.00KshortTermDebtEBITDA − capex-$23.18MPrincipal due is short-term debt.Result -3.76x | -$15.96MFree cash flow · 2025-12-31Reported free cash flowOperating cash flow-$4.85MtotalCashFromOperatingActivitiesCapex$11.11McapitalExpendituresFree cash flow-$15.96MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result -$15.96M | —ROIC · 2025-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income-$29.00MoperatingIncomeTax expense$460.00KincomeTaxExpensePretax income-$39.19MincomeBeforeTaxTax rate—Equity$346.60MtotalStockholderEquityDebt$99.99MshortLongTermDebtTotalCash$60.85McashAndShortTermInvestmentsInvested capital$385.74MROIC needs a positive pretax income so an effective tax rate can be calculated.Result — | -0.59xEBIT / PP&E · 2025-12-31Operating income / net PP&EOperating income-$29.00MoperatingIncomeNet PP&E$49.56MpropertyPlantAndEquipmentNetResult -0.59x |
- Receivables are larger than the physical asset base, so a finance or credit book may sit outside the physical ratio and inside the debt used for coverage.
- Principal due is short-term debt, the amount reported as due within a year.
Latest year inputs (2025)
Net PP&E: $49.56M
Inventory: $133.79M
Total assets: $508.63M
Goodwill: $109.27M
Intangibles: $77.71M
Liabilities: $162.03M
Tangible book: $159.62M
Shares: 23,459,425
Revenue: $236.35M
Capex: $11.11M
D&A: $21.12M
EBITDA: -$12.07M
Interest: $6.00M
Short-term debt: $170.00K
Free cash flow: -$15.96M
Operating income: -$29.00M
Invested capital: $385.74M
Tax rate: —