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Firma Holdings

FRMA
18
Industrial Materials · Basic Materials
Exchange
Other OTC
Winston Score
18
Winston is worried
Weak fundamentals across most pillars.
Data as of Aug 23, 2026 · filings through Jun 30, 2015
How the score breaks down
Quality
Weak
Growth
Good
Cash Flow
Weak
Stability
Weak
Valuation
Data not available

Winston Score History

The full picture

Firma Holdings Corp. is a small company operating in the industrial materials space within the basic materials sector. It focuses on providing materials or related services to industrial customers, though it remains an early-stage or micro-cap business with limited public financial disclosure. The company has not yet established a widely recognized product line or dominant market position.

Firma Holdings generates revenue through product sales or service contracts in the materials industry, but its financials tell a challenging story — the company is currently spending far more than it earns, reflected in a deeply negative operating margin. It appears to operate at a very small scale, with a market capitalization that rounds to essentially zero, suggesting it is in an early development or restructuring phase. The primary risk facing the business is its ability to reach profitability and secure enough capital to continue operations, as companies at this stage frequently face funding pressures that can threaten their survival.

Growth Profile

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

Revenue data limited

EPS Growth

+21.7% YoY

YoY Growth Rate

Steady EPS growth

Insider Activity

24.9%ownership

Insiders own a meaningful stake in the company

Cash Runway

~0 months

$294,391 cash & investments

Quarterly Free Cash Flow

→ Burn rate stable

Short runway — potential dilution ahead through share issuance

Cash watch

Firma Holdings has less than a year of cash at its current burn rate. Growth investors should watch for potential share dilution from future fundraising — that directly reduces your ownership.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

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Quality

Profit per sale
Gross Margin
-31.5%
Thin — -31.5% gross margin
Profit after running costs
Operating Margin
-415.5%
Losing money on operations — -415.5%
Return on the money invested
ROCE
-35.2%
Weak — -35.2% return on capital

Negative ROIC means the business is losing money on every dollar invested in it.

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Growth

Sales growth
Sales YoY
+130.8%
Fast-growing sales (+130.8% YoY)
Profit growth
EPS YoY
N/A
Data not available
How steady the profit is
EPS Consistency
6/8 quarters
Earnings grew in most of the last 8 quarters

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Cash Flow

Profit that turns into cash
Cash Conversion
N/A
Data not available
Spare cash per sale
FCF Margin
-1484.5%
Burning cash (-1484.5%)

Free cash flow is negative. They are burning cash, not generating it.

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Stability

What it owes vs what it owns
Debt / Equity
2.10
Heavy debt load (2.10)
Covers its interest
Interest Cover
N/A
Data not available

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Valuation

Price vs profit
P/E Ratio (TTM)
N/M
no trend
Negative earnings — P/E not meaningful
Cheaper or dearer next year
P/E vs Forward
N/A
not available
Data not available

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Dividends

Not applicable for this business.
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