Dlh Holdings Corp. (DLHC) intrinsic value & 10-year financials
Dlh Holdings Corp. (DLHC) has no Graham intrinsic value right now because the formula needs positive earnings. Over the last 10 fiscal years revenue grew 40.0% a year to $344.5M, with an average return on invested capital of 9.7%.
- Graham intrinsic value
- —
- Share price (Oct 17, 2026)
- $3.95
- Market cap
- $57.1M
- Revenue (FY2025)
- $344.5M
- Revenue growth (10-yr CAGR)
- 40.0%
- ROIC (10-yr avg)
- 9.7%
- Free cash flow (FY2025)
- $23.0M
DLHC 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $344.5M | $1.4M | $0.09 | $23.0M | 4.9% | 4.9% |
| FY2024 | $395.9M | $7.4M | $0.51 | $26.5M | 6.3% | 8.5% |
| FY2023 | $375.9M | $1.5M | $0.10 | $30.4M | 4.5% | 8.2% |
| FY2022 | $395.2M | $23.3M | $1.64 | $371.0K | 8.4% | 21.3% |
| FY2021 | $246.1M | $10.1M | $0.75 | $45.6M | 7.0% | 10.5% |
| FY2020 | $209.2M | $7.1M | $0.54 | $19.3M | 6.4% | 8.0% |
| FY2019 | $160.4M | $5.3M | $0.41 | $17.6M | 6.2% | 10.3% |
| FY2018 | $133.2M | $1.8M | $0.14 | $13.4M | 6.6% | 9.7% |
| FY2017 | $115.7M | $3.3M | $0.27 | $5.5M | 5.7% | 7.9% |
| FY2016 | $16.7M | $3.4M | $0.30 | $5.5M | 24.3% | 7.8% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
DLH Holdings Corp. is a consistent compounder, expanding top-line revenue at 40.0% annually over the past decade.
DLH Holdings Corp. returns on capital have been average, hovering around 9.7% ROIC over the decade.
Over the decade, DLH Holdings Corp. shows that the company has leveraged its balance sheet to sustain operations.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, DLH Holdings Corp. is modeled at -12.5% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $-1.28 per share.