Fortitude Gold Corp. (FTCO) intrinsic value & 10-year financials
Fortitude Gold Corp. (FTCO) has no Graham intrinsic value right now because the formula needs positive earnings. Over the last 7 fiscal years revenue shrank 19.4% a year to $18.4M, with an average return on invested capital of 12.1%.
- Graham intrinsic value
- —
- Share price (Oct 17, 2026)
- $4.68
- Market cap
- $115.0M
- Revenue (FY2025)
- $18.4M
- Revenue growth (7-yr CAGR)
- -19.4%
- ROIC (10-yr avg)
- 12.1%
- Free cash flow (FY2025)
- -$15.0M
FTCO 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $18.4M | $420.0K | $0.02 | -$15.0M | — | 0.4% |
| FY2024 | $37.3M | -$2.0M | -$0.08 | -$10.1M | — | -1.8% |
| FY2023 | $73.1M | $17.0M | $0.70 | $17.6M | — | 14.4% |
| FY2022 | $74.4M | $14.7M | $0.61 | $16.6M | — | 20.3% |
| FY2021 | $82.1M | $17.9M | $0.74 | $20.1M | — | 24.9% |
| FY2020 | $54.0M | $10.2M | $0.48 | $6.5M | — | 14.4% |
| FY2019 | — | — | — | — | — | — |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
Fortitude Gold Corp revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.
Fortitude Gold Corp returns on capital have been average, hovering around 12.1% ROIC over the decade.
Fortitude Gold Corp capital allocation metrics are N/A for the decade; share count and net debt history are incomplete.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, Fortitude Gold Corp is modeled at -47.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $-1.48 per share.