Dashboard › Demo Universe › Ironclad Steel Products
Ironclad Steel Products · ICSP
DEMO DATAUNDERWRITING ASSUMPTIONHOLDFinancial statements DEMO DATA ANALYST PROJECTION
| $M | FY2022A | FY2023A | FY2024A | FY2025A | FY2026E | FY2027E | FY2028E | FY2029E | FY2030E |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.3B | $3.5B | $3.4B | $3.2B | $3.3B | $3.3B | $3.4B | $3.5B | $3.5B |
| % growth | 7.7% | -4.3% | -4.5% | 2.0% | 2.0% | 2.0% | 2.0% | 2.0% | |
| Direct costs / COGS | $2.5B | $2.8B | $2.7B | $2.6B | $2.6B | $2.7B | $2.7B | $2.8B | $2.8B |
| Gross profit (NOI for real estate) | $715.0M | $735.0M | $686.8M | $640.0M | $652.8M | $672.5M | $692.8M | $713.5M | $734.9M |
| % margin | 22.0% | 21.0% | 20.5% | 20.0% | 20.0% | 20.2% | 20.4% | 20.6% | 20.8% |
| Operating expenses (cash, adjusted) | $260.0M | $280.0M | $268.0M | $256.0M | $261.1M | $266.3M | $271.7M | $277.1M | $282.6M |
| EBITDA (company-adjusted basis) | $455.0M | $455.0M | $418.8M | $384.0M | $391.7M | $406.2M | $421.1M | $436.4M | $452.2M |
| % margin | 14.0% | 13.0% | 12.5% | 12.0% | 12.0% | 12.2% | 12.4% | 12.6% | 12.8% |
| D&A | $130.0M | $140.0M | $134.0M | $128.0M | $130.6M | $133.2M | $135.8M | $138.6M | $141.3M |
| Share-based compensation | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M |
| EBIT | $325.0M | $315.0M | $284.8M | $256.0M | $261.1M | $273.0M | $285.3M | $297.9M | $310.9M |
| Interest expense | $60.7M | $64.3M | $67.8M | $71.4M | $71.4M | $71.4M | $71.4M | $71.4M | $41.4M |
| EBT | $264.3M | $250.7M | $216.9M | $184.6M | $189.7M | $201.6M | $213.9M | $226.5M | $269.5M |
| Taxes | $66.1M | $62.7M | $54.2M | $46.1M | $47.4M | $50.4M | $53.5M | $56.6M | $67.4M |
| Net income (model basis) | $198.2M | $188.1M | $162.7M | $138.4M | $142.3M | $151.2M | $160.4M | $169.9M | $202.1M |
| Capex | $162.5M | $175.0M | $167.5M | $160.0M | $163.2M | $166.5M | $169.8M | $173.2M | $176.7M |
| Working capital & other cash items | $9.6M | $37.5M | ($22.5M) | ($22.5M) | $9.6M | $9.8M | $10.0M | $10.2M | $10.4M |
| Free cash flow | $156.2M | $115.6M | $151.7M | $128.9M | $100.1M | $108.1M | $116.4M | $125.0M | $156.4M |
Historical columns are fictional demo inputs. Projections flow from the selected scenario’s assumptions (Scenarios tab): interest accrues on beginning balances by tranche; floating tranches use MAX(SOFR, floor) + spread + scenario shock; PIK accrues to principal. FCF = net income + D&A + SBC + PIK − capex − ΔNWC / other. Impairments, restructuring and other one-offs are excluded from EBITDA and net income and sit in the cash plug.
Sources & data lineage (3)
| Source | Document | Data type | Period | Accession | Doc date | Retrieved | Class |
|---|---|---|---|---|---|---|---|
| CreditIQ demo dataset | Ironclad Steel Products — illustrative financial statements FY2022–FY2025 | Income statement / cash flow | FY2022–FY2025 | — | 2026-03-31 | 2026-03-31 | DEMO DATA |
| CreditIQ demo dataset | Ironclad Steel Products — illustrative capital structure & covenants | Debt schedule | As of 2026-03-31 | — | 2026-03-31 | 2026-03-31 | DEMO DATA |
| CreditIQ demo dataset | Illustrative indicative bid marks (% of par) | Market price | 2026-03-31 | — | 2026-03-31 | 2026-03-31 | DEMO DATA |