Public Policy Holding Company, Inc. key statistics and ratios

In fiscal 2025, Public Policy Holding Company, Inc. had return on equity of -50.0%, an operating margin of -18.2%, debt equal to 74.9% of equity and a current ratio of 1.11. 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.

Public Policy Holding Company, Inc.: financial ratios, annual
Fiscal year	2024Dec 2024	2025Dec 2025
Gross margin	11.5%	10.0%
Operating margin	−12.1%	−18.2%
Net margin	−16.0%	−20.9%
Free-cash-flow margin	10.9%	13.3%
Return on equity	−29.5%	−50.0%
Return on assets	−13.7%	−20.7%
Asset turnover	0.86	0.99
Current ratio	1.21	1.11
Debt to equity	46.9%	74.9%
Interest cover (operating income ÷ interest)	n/m	n/m
Capital spending as % of revenue	0.0%	0.0%
Dividends and buybacks ÷ free cash flow	103.0%	35.0%

US$ thousands unless shown otherwise. Fiscal quarters.

Public Policy Holding Company, Inc.: financial ratios, quarterly
Quarter	2025 Q1Mar 2025	2025 Q2Jun 2025	2026 Q1Mar 2026	2026 Q2Jun 2026
Gross margin	10.1%	16.4%	18.3%	21.8%
Operating margin	−15.0%	−10.1%	−16.3%	−7.5%
Net margin	−27.0%	−11.8%	−22.9%	−7.2%
Free-cash-flow margin	−21.9%	17.0%	−24.3%	4.8%
Current ratio	—	—	1.70	1.60
Debt to equity	—	—	41.0%	38.0%

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 4 checks passed · June 30, 2026

What it owns · $241m

Short-term assets $80mLonger-term assets $161m

What it owes, and who funded it · $241m

Short-term liabilities $50mLonger-term liabilities $80mShareholders' equity $111m

Short-term assets cover short-term liabilities $80m of assets due within a year against $50m of liabilities due within a year.
Short-term assets cover long-term liabilities $80m short-term assets against $80m of longer-dated liabilities.
More cash than debt $37m of cash against $42m of debt.
Debt below 40% of shareholders' equity Debt is 38% of equity.
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 Public Policy Holding Company, Inc.'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

Not assessed: fewer than five years of comparable figures in the filings. AI disruption exposure for this industry: High.

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 Public Policy Holding Company, Inc.'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 Public Policy Holding Company, Inc.