Joint Corp. (JYNT) intrinsic value & 10-year financials
Joint Corp. (JYNT) has a Graham intrinsic value of $6.31 per share. At $7.03 on Oct 17, 2026, the stock trades 11% above that value. Over the last 10 fiscal years revenue grew 11.6% a year to $54.9M, with an average return on invested capital of -153.7%.
- Graham intrinsic value
- $6.31
- Share price (Oct 17, 2026)
- $7.03
- Price vs Graham value
- 11% above
- Market cap
- $106.8M
- Revenue (FY2025)
- $54.9M
- Revenue growth (10-yr CAGR)
- 11.6%
- ROIC (10-yr avg)
- -153.7%
- Free cash flow (FY2025)
- $334.7K
JYNT 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $54.9M | $2.9M | $0.19 | $334.7K | -1.7% | 13.3% |
| FY2024 | $51.9M | -$8.5M | -$0.56 | $8.2M | -3.4% | -1349.5% |
| FY2023 | $117.7M | -$9.8M | -$0.65 | $9.7M | -1.8% | -4.3% |
| FY2022 | $101.9M | $1.2M | $0.08 | $5.2M | 2.0% | 3.7% |
| FY2021 | $80.9M | $6.6M | $0.44 | $8.2M | 6.6% | 28.2% |
| FY2020 | $58.7M | $13.2M | $0.90 | $8.0M | 9.4% | 54.5% |
| FY2019 | $48.5M | $3.3M | $0.23 | $4.0M | 7.0% | 170.6% |
| FY2018 | $36.7M | $253.1K | $0.02 | $4.3M | 0.6% | -9.4% |
| FY2017 | $24.9M | -$3.3M | -$0.26 | -$292.8K | -12.7% | -116.3% |
| FY2016 | $20.5M | -$15.2M | — | -$12.4M | -73.2% | -328.1% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
JOINT Corp is a consistent compounder, expanding top-line revenue at 11.6% annually over the past decade.
JOINT Corp has historically struggled to out-earn its cost of capital, averaging just -4.5% ROIC.
JOINT Corp has not shown aggressive share repurchases (>10% retirement) or a major balance-sheet leverage increase (>50% net debt growth) over the 10-year window.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, JOINT Corp is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $6.31 per share.