Daily Journal Corp key statistics and ratios

In fiscal 2025, Daily Journal Corp had return on equity of 33.5%, an operating margin of 10.9%, debt equal to 0.0% of equity and a current ratio of 13.86. Each ratio below is calculated from the figures on its income statement, balance sheet and cash flow pages.

Financial ratios

US$ thousands unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Daily Journal Corp: financial ratios, annual
Fiscal year	2010Sept 2010	2011Sept 2011	2012Sept 2012	2013Sept 2013	2014Sept 2014	2015Sept 2015	2016Sept 2016	2017Sept 2017	2018Sept 2018	2019Sept 2019	2020Sept 2020	2021Sept 2021	2022Sept 2022	2023Sept 2023	2024Sept 2024	2025Sept 2025	LTMJun 2026
Operating margin	30.4%	31.3%	27.2%	10.1%	−5.0%	−8.0%	−16.0%	−31.8%	−34.5%	−37.5%	−2.6%	4.3%	3.7%	9.8%	5.8%	10.9%	13.7%
Net margin	20.4%	22.7%	17.4%	10.0%	1.5%	1.8%	−2.5%	−2.2%	20.1%	−51.8%	8.1%	226.1%	−39.7%	31.7%	111.7%	127.9%	−11.6%
Free-cash-flow margin	24.2%	29.5%	20.7%	14.3%	9.4%	16.3%	−6.1%	−7.0%	−5.1%	3.0%	4.3%	6.5%	−9.8%	22.2%	−0.2%	15.2%	17.7%
Return on equity	12.6%	12.5%	7.3%	3.8%	0.5%	0.6%	−0.8%	−0.6%	5.1%	−16.8%	2.9%	57.0%	−9.9%	11.3%	32.6%	33.5%	−3.1%
Return on assets	8.6%	8.7%	5.2%	2.3%	0.3%	0.3%	−0.5%	−0.4%	3.0%	−10.1%	1.7%	36.4%	−6.1%	6.4%	20.6%	23.6%	−2.2%
Asset turnover	0.42	0.38	0.30	0.23	0.19	0.19	0.18	0.16	0.15	0.19	0.21	0.16	0.15	0.20	0.18	0.18	0.19
Current ratio	3.39	3.81	3.73	2.70	2.74	2.87	2.84	9.96	8.34	6.94	7.73	10.95	9.20	8.19	10.26	13.86	11.65
Debt to equity	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	—	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Interest cover (operating income ÷ interest)	—	—	—	39.1x	n/m	n/m	—	—	—	—	—	—	—	—	—	—	—
Effective tax rate	37.5%	34.7%	29.9%	17.3%	—	—	—	—	—	—	4.4%	26.2%	—	23.7%	25.1%	25.3%	—
R&D as % of revenue	—	11.2%	13.9%	—	—	—	—	—	—	—	—	—	—	—	—	—	—
SG&A as % of revenue	69.6%	68.7%	72.8%	89.8%	—	—	—	—	—	—	—	—	—	—	—	—	—
Capital spending as % of revenue	0.7%	0.4%	1.2%	0.7%	1.0%	1.3%	9.1%	0.6%	0.5%	0.3%	0.4%	0.1%	0.1%	0.1%	0.1%	0.0%	0.2%
Free cash flow ÷ net income	118.3%	129.9%	118.9%	142.7%	645.3%	887.7%	—	—	−25.5%	—	53.3%	2.9%	—	69.9%	−0.2%	11.9%	—

US$ thousands unless shown otherwise. Fiscal quarters.

Daily Journal Corp: financial ratios, quarterly
Quarter	2024 Q4Sept 2024	2025 Q1Dec 2024	2025 Q2Mar 2025	2025 Q3Jun 2025	2025 Q4Sept 2025	2026 Q1Dec 2025	2026 Q2Mar 2026	2026 Q3Jun 2026
Operating margin	8.7%	4.2%	5.3%	13.8%	16.2%	2.4%	13.2%	19.5%
Net margin	134.5%	61.5%	245.8%	61.6%	148.3%	−40.8%	−152.5%	−40.4%
Free-cash-flow margin	15.5%	12.5%	−3.1%	30.7%	15.9%	−10.0%	18.0%	39.4%
Current ratio	10.26	12.31	15.14	12.42	13.86	16.31	15.42	11.65
R&D as % of revenue	—	2.8%	3.3%	2.6%	—	1.0%	0.9%	1.5%

Returns use average equity or assets over the year. Return on equity is left blank when equity is negative or so small that the ratio says nothing (above ±200%); interest cover is left blank above 200 times. Price-based ratios such as P/E are on the valuation page.

Financial health

2 of 2 checks passed · June 30, 2026

What it owns · $472m

Short-term assets $464mLonger-term assets $8m

What it owes, and who funded it · $472m

Short-term liabilities $40mLonger-term liabilities $94mShareholders' equity $338m

Short-term assets cover short-term liabilities $464m of assets due within a year against $40m of liabilities due within a year.
Short-term assets cover long-term liabilities $464m short-term assets against $94m of longer-dated liabilities.
More cash than debt Cash or debt not separately reported. Not assessable.
Debt below 40% of shareholders' equity Equity or debt not reported. Not assessable.
Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
A year's operating cash flow covers at least 20% of debt Cash flow or debt not reported. Not assessable.
Operating profit covers interest at least five times over Interest not separately reported. Not assessable.

From Daily Journal Corp's latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Moat

18 /100

Weak moat

How hard Daily Journal'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 0.3% of total assets over 10 years.
Durability 0 / 20

Operating margin has been a median 1.1%; its worst year was -34.2%.
Cash conversion 10 / 20

Free cash flow was positive in 7 of 10 years, at a median 6.1% of revenue.
Discipline 17 / 20

The diluted share count fell 0.2% over five years; stock-based pay has been a median 0.3% 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 (34 before it).

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

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Figures from Daily Journal Corp's SEC filings (10-K and 10-Q), retrieved October 29, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Daily Journal Corp.