Change Agents Corporation. key statistics and ratios
In fiscal 2024, Change Agents Corporation. had return on equity of -109.2% and a net margin of -592.7%. Each ratio below is calculated from the figures on its income statement, balance sheet and cash flow pages.
Financial ratios
| Fiscal year | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | LTMSept 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net margin | 9.0% | −375.8% | −515.4% | <−999% | −920.3% | −653.5% | −333.6% | <−999% | −592.7% | <−999% |
| Return on equity | 1.6% | −70.8% | −84.1% | — | — | — | −167.5% | −180.3% | −109.2% | — |
| Return on assets | 1.5% | −49.5% | −61.8% | −151.3% | −121.6% | −88.2% | −79.6% | −82.8% | −38.0% | −125.7% |
| Effective tax rate | 28.3% | — | — | — | — | — | — | — | — | — |
| R&D as % of revenue | — | — | 2.5% | 115.2% | 64.2% | 73.7% | 20.4% | 8.7% | 0.0% | — |
Moat
Weak moat
How hard Change Agents's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.
- Returns on capital 0 / 20
Net income has been a median -78.4% of total assets over 10 years.
- Pricing power 2 / 20
Gross margin has been a median 26.1%, moving by 32.3 percentage points (standard deviation) across 6 years.
- Durability 10 / 20
Operating margin has been a median -635.8%; its worst year was -1204.7%.
- Cash conversion 0 / 20
Free cash flow was positive in 0 of 5 years, at a median -362.9% of revenue.
- Discipline 0 / 20
The diluted share count rose 66.1% over five years; stock-based pay has been a median 131.0% of revenue.
AI disruption exposure: High. In this industry, the core product is information work that AI systems increasingly perform. The score above includes a 15-point deduction for that exposure (12 before it).
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