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.
Strauss Group
Physical assets are 44.7% of total assets, a mixed footprint. Capex is 1.12x depreciation and free cash flow yield is still positive, which fits a physical base that is being replaced or expanded without consuming all of its cash. EBITDA after capex covers debt service by 0.79x, which is below 1.
Fixed-asset turnover is 2.78x. Compare it with other names in the same basket.
Physical asset ratio
44.7%Physical asset ratio · 2025-12-31(Net PP&E + inventory) / total assetsNet PP&EILA 2.82BpropertyPlantAndEquipmentNetInventoryILA 1.12BinventoryTotal assetsILA 8.82BtotalAssetsResult 44.7%
Net PP&E plus inventory, divided by total assets. Above 50% is a heavy footprint.
Fixed asset turnover
2.78xFixed asset turnover · 2025-12-31Revenue / net PP&ERevenueILA 7.82BtotalRevenueNet PP&EILA 2.82BpropertyPlantAndEquipmentNetResult 2.78x
Revenue per dollar of the physical asset base.
Capex / D&A
1.12xCapex / D&A · 2025-12-31Capital expenditures / depreciation and amortizationCapexILA 395.00McapitalExpendituresD&AILA 353.00MdepreciationAndAmortizationResult 1.12x
Above 1.0x means the physical base is being replaced or expanded.
Tangible book / share
ILA 21.78Tangible book / share · 2025-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assetsILA 8.82BtotalAssetsGoodwillILA 430.00MgoodWillIntangiblesILA 657.00MintangibleAssetsLiabilitiesILA 5.19BtotalLiabTangible bookILA 2.54BShares116,427,000commonStockSharesOutstandingResult ILA 21.78
Assets minus goodwill, intangibles, and liabilities, per share.
Price / tangible book
506.38xPrice / tangible bookPrice / tangible book per sharePriceILA 11.03KLatest quoteTangible book / shareILA 21.782025-12-31Result 506.38x
Price ILA 11.03K.
Fixed-charge coverage
0.79xFixed-charge coverage · 2025-12-31(EBITDA − capex) / (interest + short-term debt)EBITDAILA 919.00MebitdaCapexILA 395.00McapitalExpendituresInterestILA 167.00MinterestExpenseShort-term debtILA 500.00MshortLongTermDebtEBITDA − capexILA 524.00MPrincipal due is the current portion of debt.Result 0.79x
EBITDA minus capex, divided by interest plus short-term debt.
FCF yield
0.8%Free cash flow yield · 2025-12-31Latest free cash flow / current market capFree cash flowILA 109.00MfreeCashFlowMarket capILA 13.05BMarketCapitalizationResult 0.8%
Latest free cash flow divided by current market cap (ILA 13.05B).
ROIC
8.0%ROIC · 2025-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating incomeILA 566.00MoperatingIncomeTax expenseILA 156.00MincomeTaxExpensePretax incomeILA 653.00MincomeBeforeTaxTax rate23.9%EquityILA 3.27BtotalStockholderEquityDebtILA 2.63BshortLongTermDebtTotalCashILA 535.00McashInvested capitalILA 5.37BResult 8.0%
After-tax operating income over equity plus debt minus cash.
Operating income / net PP&E is 0.20x.
Footprint and return
Turnover and reinvestment
| Year | Physical | FAT | Capex/D&A | TBV/sh | Coverage | FCF | ROIC | EBIT/PP&E |
|---|---|---|---|---|---|---|---|---|
| 2018 | 36.8%Physical asset ratio · 2018-12-31(Net PP&E + inventory) / total assetsNet PP&EILA 1.74BpropertyPlantEquipmentInventoryILA 557.00MinventoryTotal assetsILA 6.24BtotalAssetsResult 36.8% | 3.22xFixed asset turnover · 2018-12-31Revenue / net PP&ERevenueILA 5.60BtotalRevenueNet PP&EILA 1.74BpropertyPlantEquipmentResult 3.22x | 1.19xCapex / D&A · 2018-12-31Capital expenditures / depreciation and amortizationCapexILA 215.00McapitalExpendituresD&AILA 181.00MdepreciationAndAmortizationResult 1.19x | ILA 11.30Tangible book / share · 2018-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assetsILA 6.24BtotalAssetsGoodwillILA 553.00MgoodWillIntangiblesILA 385.00MintangibleAssetsLiabilitiesILA 4.00BtotalLiabTangible bookILA 1.31BShares115,800,000commonStockSharesOutstandingResult ILA 11.30 | 1.69xFixed-charge coverage · 2018-12-31(EBITDA − capex) / (interest + short-term debt)EBITDAILA 997.00MebitdaCapexILA 215.00McapitalExpendituresInterestILA 101.00MinterestExpenseShort-term debtILA 362.00MshortTermDebtEBITDA − capexILA 782.00MPrincipal due is short-term debt.Result 1.69x | ILA 287.00MFree cash flow · 2018-12-31Reported free cash flowOperating cash flowILA 502.00MtotalCashFromOperatingActivitiesCapexILA 215.00McapitalExpendituresFree cash flowILA 287.00MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result ILA 287.00M | 15.3%ROIC · 2018-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating incomeILA 808.00MoperatingIncomeTax expenseILA 181.00MincomeTaxExpensePretax incomeILA 715.00MincomeBeforeTaxTax rate25.3%EquityILA 2.10BtotalStockholderEquityDebtILA 2.34BshortLongTermDebtTotalCashILA 497.00McashAndShortTermInvestmentsInvested capitalILA 3.94BResult 15.3% | 0.46xEBIT / PP&E · 2018-12-31Operating income / net PP&EOperating incomeILA 808.00MoperatingIncomeNet PP&EILA 1.74BpropertyPlantEquipmentResult 0.46x |
| 2019 | 38.8%Physical asset ratio · 2019-12-31(Net PP&E + inventory) / total assetsNet PP&EILA 2.01BpropertyPlantEquipmentInventoryILA 543.00MinventoryTotal assetsILA 6.59BtotalAssetsResult 38.8% | 2.83xFixed asset turnover · 2019-12-31Revenue / net PP&ERevenueILA 5.70BtotalRevenueNet PP&EILA 2.01BpropertyPlantEquipmentResult 2.83x | 0.87xCapex / D&A · 2019-12-31Capital expenditures / depreciation and amortizationCapexILA 230.00McapitalExpendituresD&AILA 265.00MdepreciationAndAmortizationResult 0.87x | ILA 12.83Tangible book / share · 2019-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assetsILA 6.59BtotalAssetsGoodwillILA 534.00MgoodWillIntangiblesILA 397.00MintangibleAssetsLiabilitiesILA 4.16BtotalLiabTangible bookILA 1.50BShares116,800,000commonStockSharesOutstandingResult ILA 12.83 | 1.60xFixed-charge coverage · 2019-12-31(EBITDA − capex) / (interest + short-term debt)EBITDAILA 1.13BebitdaCapexILA 230.00McapitalExpendituresInterestILA 99.00MinterestExpenseShort-term debtILA 460.00MshortLongTermDebtEBITDA − capexILA 896.00MPrincipal due is the current portion of debt.Result 1.60x | ILA 442.00MFree cash flow · 2019-12-31Reported free cash flowOperating cash flowILA 672.00MtotalCashFromOperatingActivitiesCapexILA 230.00McapitalExpendituresFree cash flowILA 442.00MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result ILA 442.00M | 16.5%ROIC · 2019-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating incomeILA 878.00MoperatingIncomeTax expenseILA 168.00MincomeTaxExpensePretax incomeILA 762.00MincomeBeforeTaxTax rate22.0%EquityILA 2.28BtotalStockholderEquityDebtILA 2.42BshortLongTermDebtTotalCashILA 538.00McashAndShortTermInvestmentsInvested capitalILA 4.16BResult 16.5% | 0.44xEBIT / PP&E · 2019-12-31Operating income / net PP&EOperating incomeILA 878.00MoperatingIncomeNet PP&EILA 2.01BpropertyPlantEquipmentResult 0.44x |
| 2020 | 39.1%Physical asset ratio · 2020-12-31(Net PP&E + inventory) / total assetsNet PP&EILA 1.95BpropertyPlantEquipmentInventoryILA 557.00MinventoryTotal assetsILA 6.41BtotalAssetsResult 39.1% | 3.01xFixed asset turnover · 2020-12-31Revenue / net PP&ERevenueILA 5.87BtotalRevenueNet PP&EILA 1.95BpropertyPlantEquipmentResult 3.01x | 0.84xCapex / D&A · 2020-12-31Capital expenditures / depreciation and amortizationCapexILA 239.00McapitalExpendituresD&AILA 284.00MdepreciationAndAmortizationResult 0.84x | ILA 12.96Tangible book / share · 2020-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assetsILA 6.41BtotalAssetsGoodwillILA 511.00MgoodWillIntangiblesILA 405.00MintangibleAssetsLiabilitiesILA 3.98BtotalLiabTangible bookILA 1.52BShares117,000,000commonStockSharesOutstandingResult ILA 12.96 | 2.38xFixed-charge coverage · 2020-12-31(EBITDA − capex) / (interest + short-term debt)EBITDAILA 1.11BebitdaCapexILA 239.00McapitalExpendituresInterestILA 81.00MinterestExpenseShort-term debtILA 286.00MshortLongTermDebtEBITDA − capexILA 874.00MPrincipal due is the current portion of debt.Result 2.38x | ILA 371.00MFree cash flow · 2020-12-31Reported free cash flowOperating cash flowILA 610.00MtotalCashFromOperatingActivitiesCapexILA 239.00McapitalExpendituresFree cash flowILA 371.00MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result ILA 371.00M | 17.9%ROIC · 2020-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating incomeILA 886.00MoperatingIncomeTax expenseILA 149.00MincomeTaxExpensePretax incomeILA 748.00MincomeBeforeTaxTax rate19.9%EquityILA 2.26BtotalStockholderEquityDebtILA 2.20BshortLongTermDebtTotalCashILA 491.00McashInvested capitalILA 3.97BResult 17.9% | 0.45xEBIT / PP&E · 2020-12-31Operating income / net PP&EOperating incomeILA 886.00MoperatingIncomeNet PP&EILA 1.95BpropertyPlantEquipmentResult 0.45x |
| 2021 | 39.9%Physical asset ratio · 2021-12-31(Net PP&E + inventory) / total assetsNet PP&EILA 2.01BpropertyPlantEquipmentInventoryILA 667.00MinventoryTotal assetsILA 6.70BtotalAssetsResult 39.9% | 3.03xFixed asset turnover · 2021-12-31Revenue / net PP&ERevenueILA 6.07BtotalRevenueNet PP&EILA 2.01BpropertyPlantEquipmentResult 3.03x | 0.96xCapex / D&A · 2021-12-31Capital expenditures / depreciation and amortizationCapexILA 268.00McapitalExpendituresD&AILA 279.00MdepreciationAndAmortizationResult 0.96x | ILA 15.22Tangible book / share · 2021-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assetsILA 6.70BtotalAssetsGoodwillILA 488.00MgoodWillIntangiblesILA 409.00MintangibleAssetsLiabilitiesILA 4.02BtotalLiabTangible bookILA 1.78BShares116,800,000commonStockSharesOutstandingResult ILA 15.22 | 2.78xFixed-charge coverage · 2021-12-31(EBITDA − capex) / (interest + short-term debt)EBITDAILA 1.19BebitdaCapexILA 268.00McapitalExpendituresInterestILA 72.00MinterestExpenseShort-term debtILA 259.00MshortLongTermDebtEBITDA − capexILA 919.00MPrincipal due is the current portion of debt.Result 2.78x | ILA 586.00MFree cash flow · 2021-12-31Reported free cash flowOperating cash flowILA 854.00MtotalCashFromOperatingActivitiesCapexILA 268.00McapitalExpendituresFree cash flowILA 586.00MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result ILA 586.00M | 18.7%ROIC · 2021-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating incomeILA 916.00MoperatingIncomeTax expenseILA 156.00MincomeTaxExpensePretax incomeILA 836.00MincomeBeforeTaxTax rate18.7%EquityILA 2.48BtotalStockholderEquityDebtILA 2.07BshortLongTermDebtTotalCashILA 554.00McashInvested capitalILA 3.99BResult 18.7% | 0.46xEBIT / PP&E · 2021-12-31Operating income / net PP&EOperating incomeILA 916.00MoperatingIncomeNet PP&EILA 2.01BpropertyPlantEquipmentResult 0.46x |
| 2022 | 41.8%Physical asset ratio · 2022-12-31(Net PP&E + inventory) / total assetsNet PP&EILA 2.29BpropertyPlantEquipmentInventoryILA 814.00MinventoryTotal assetsILA 7.41BtotalAssetsResult 41.8% | 2.67xFixed asset turnover · 2022-12-31Revenue / net PP&ERevenueILA 6.11BtotalRevenueNet PP&EILA 2.29BpropertyPlantEquipmentResult 2.67x | 1.24xCapex / D&A · 2022-12-31Capital expenditures / depreciation and amortizationCapexILA 380.00McapitalExpendituresD&AILA 307.00MdepreciationAndAmortizationResult 1.24x | ILA 14.91Tangible book / share · 2022-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assetsILA 7.41BtotalAssetsGoodwillILA 480.00MgoodWillIntangiblesILA 468.00MintangibleAssetsLiabilitiesILA 4.72BtotalLiabTangible bookILA 1.74BShares116,800,000commonStockSharesOutstandingResult ILA 14.91 | 0.19xFixed-charge coverage · 2022-12-31(EBITDA − capex) / (interest + short-term debt)EBITDAILA 545.00MebitdaCapexILA 380.00McapitalExpendituresInterestILA 87.00MinterestExpenseShort-term debtILA 789.00MshortLongTermDebtEBITDA − capexILA 165.00MPrincipal due is the current portion of debt.Result 0.19x | -ILA 73.00MFree cash flow · 2022-12-31Reported free cash flowOperating cash flowILA 307.00MtotalCashFromOperatingActivitiesCapexILA 380.00McapitalExpendituresFree cash flow-ILA 73.00MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result -ILA 73.00M | 3.2%ROIC · 2022-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating incomeILA 192.00MoperatingIncomeTax expenseILA 34.00MincomeTaxExpensePretax incomeILA 151.00MincomeBeforeTaxTax rate22.5%EquityILA 2.48BtotalStockholderEquityDebtILA 2.61BshortLongTermDebtTotalCashILA 517.00McashInvested capitalILA 4.58BResult 3.2% | 0.08xEBIT / PP&E · 2022-12-31Operating income / net PP&EOperating incomeILA 192.00MoperatingIncomeNet PP&EILA 2.29BpropertyPlantEquipmentResult 0.08x |
| 2023 | 42.2%Physical asset ratio · 2023-12-31(Net PP&E + inventory) / total assetsNet PP&EILA 2.62BpropertyPlantAndEquipmentNetInventoryILA 830.00MinventoryTotal assetsILA 8.17BtotalAssetsResult 42.2% | 2.60xFixed asset turnover · 2023-12-31Revenue / net PP&ERevenueILA 6.80BtotalRevenueNet PP&EILA 2.62BpropertyPlantAndEquipmentNetResult 2.60x | 1.49xCapex / D&A · 2023-12-31Capital expenditures / depreciation and amortizationCapexILA 494.00McapitalExpendituresD&AILA 332.00MdepreciationAndAmortizationResult 1.49x | ILA 20.63Tangible book / share · 2023-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assetsILA 8.17BtotalAssetsGoodwillILA 487.00MgoodWillIntangiblesILA 422.00MintangibleAssetsLiabilitiesILA 4.86BtotalLiabTangible bookILA 2.41BShares116,600,000commonStockSharesOutstandingResult ILA 20.63 | 1.33xFixed-charge coverage · 2023-12-31(EBITDA − capex) / (interest + short-term debt)EBITDAILA 1.18BebitdaCapexILA 494.00McapitalExpendituresInterestILA 128.00MinterestExpenseShort-term debtILA 389.00MshortLongTermDebtEBITDA − capexILA 687.00MPrincipal due is the current portion of debt.Result 1.33x | ILA 192.00MFree cash flow · 2023-12-31Reported free cash flowOperating cash flowILA 686.00MtotalCashFromOperatingActivitiesCapexILA 494.00McapitalExpendituresFree cash flowILA 192.00MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result ILA 192.00M | 12.2%ROIC · 2023-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating incomeILA 815.00MoperatingIncomeTax expenseILA 167.00MincomeTaxExpensePretax incomeILA 721.00MincomeBeforeTaxTax rate23.2%EquityILA 3.04BtotalStockholderEquityDebtILA 2.63BshortLongTermDebtTotalCashILA 517.00McashInvested capitalILA 5.15BResult 12.2% | 0.31xEBIT / PP&E · 2023-12-31Operating income / net PP&EOperating incomeILA 815.00MoperatingIncomeNet PP&EILA 2.62BpropertyPlantAndEquipmentNetResult 0.31x |
| 2024 | 41.8%Physical asset ratio · 2024-12-31(Net PP&E + inventory) / total assetsNet PP&EILA 2.74BpropertyPlantAndEquipmentNetInventoryILA 1.00BinventoryTotal assetsILA 8.96BtotalAssetsResult 41.8% | 2.59xFixed asset turnover · 2024-12-31Revenue / net PP&ERevenueILA 7.09BtotalRevenueNet PP&EILA 2.74BpropertyPlantAndEquipmentNetResult 2.59x | 1.56xCapex / D&A · 2024-12-31Capital expenditures / depreciation and amortizationCapexILA 546.00McapitalExpendituresD&AILA 350.00MdepreciationAndAmortizationResult 1.56x | ILA 21.73Tangible book / share · 2024-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assetsILA 8.96BtotalAssetsGoodwillILA 451.00MgoodWillIntangiblesILA 614.00MintangibleAssetsLiabilitiesILA 5.36BtotalLiabTangible bookILA 2.53BShares116,500,000commonStockSharesOutstandingResult ILA 21.73 | 0.88xFixed-charge coverage · 2024-12-31(EBITDA − capex) / (interest + short-term debt)EBITDAILA 1.43BebitdaCapexILA 546.00McapitalExpendituresInterestILA 162.00MinterestExpenseShort-term debtILA 845.00MshortLongTermDebtEBITDA − capexILA 882.00MPrincipal due is the current portion of debt.Result 0.88x | ILA 14.00MFree cash flow · 2024-12-31Reported free cash flowOperating cash flowILA 560.00MtotalCashFromOperatingActivitiesCapexILA 546.00McapitalExpendituresFree cash flowILA 14.00MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result ILA 14.00M | 16.2%ROIC · 2024-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating incomeILA 1.04BoperatingIncomeTax expenseILA 205.00MincomeTaxExpensePretax incomeILA 916.00MincomeBeforeTaxTax rate22.4%EquityILA 3.28BtotalStockholderEquityDebtILA 2.81BshortLongTermDebtTotalCashILA 1.14BcashInvested capitalILA 4.95BResult 16.2% | 0.38xEBIT / PP&E · 2024-12-31Operating income / net PP&EOperating incomeILA 1.04BoperatingIncomeNet PP&EILA 2.74BpropertyPlantAndEquipmentNetResult 0.38x |
| 2025 | 44.7%Physical asset ratio · 2025-12-31(Net PP&E + inventory) / total assetsNet PP&EILA 2.82BpropertyPlantAndEquipmentNetInventoryILA 1.12BinventoryTotal assetsILA 8.82BtotalAssetsResult 44.7% | 2.78xFixed asset turnover · 2025-12-31Revenue / net PP&ERevenueILA 7.82BtotalRevenueNet PP&EILA 2.82BpropertyPlantAndEquipmentNetResult 2.78x | 1.12xCapex / D&A · 2025-12-31Capital expenditures / depreciation and amortizationCapexILA 395.00McapitalExpendituresD&AILA 353.00MdepreciationAndAmortizationResult 1.12x | ILA 21.78Tangible book / share · 2025-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assetsILA 8.82BtotalAssetsGoodwillILA 430.00MgoodWillIntangiblesILA 657.00MintangibleAssetsLiabilitiesILA 5.19BtotalLiabTangible bookILA 2.54BShares116,427,000commonStockSharesOutstandingResult ILA 21.78 | 0.79xFixed-charge coverage · 2025-12-31(EBITDA − capex) / (interest + short-term debt)EBITDAILA 919.00MebitdaCapexILA 395.00McapitalExpendituresInterestILA 167.00MinterestExpenseShort-term debtILA 500.00MshortLongTermDebtEBITDA − capexILA 524.00MPrincipal due is the current portion of debt.Result 0.79x | ILA 109.00MFree cash flow · 2025-12-31Reported free cash flowOperating cash flowILA 504.00MtotalCashFromOperatingActivitiesCapexILA 395.00McapitalExpendituresFree cash flowILA 109.00MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result ILA 109.00M | 8.0%ROIC · 2025-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating incomeILA 566.00MoperatingIncomeTax expenseILA 156.00MincomeTaxExpensePretax incomeILA 653.00MincomeBeforeTaxTax rate23.9%EquityILA 3.27BtotalStockholderEquityDebtILA 2.63BshortLongTermDebtTotalCashILA 535.00McashInvested capitalILA 5.37BResult 8.0% | 0.20xEBIT / PP&E · 2025-12-31Operating income / net PP&EOperating incomeILA 566.00MoperatingIncomeNet PP&EILA 2.82BpropertyPlantAndEquipmentNetResult 0.20x |
- Principal due is the current portion of debt.
Latest year inputs (2025)
Net PP&E: ILA 2.82B
Inventory: ILA 1.12B
Total assets: ILA 8.82B
Goodwill: ILA 430.00M
Intangibles: ILA 657.00M
Liabilities: ILA 5.19B
Tangible book: ILA 2.54B
Shares: 116,427,000
Revenue: ILA 7.82B
Capex: ILA 395.00M
D&A: ILA 353.00M
EBITDA: ILA 919.00M
Interest: ILA 167.00M
Short-term debt: ILA 500.00M
Free cash flow: ILA 109.00M
Operating income: ILA 566.00M
Invested capital: ILA 5.37B
Tax rate: 23.9%