Scope Industries

SCPJ

Waste Management · Industrials

Price

$325.00

+25.00 (+8.33%)

Market Cap

$297.7M

Winston Score

Winston is curious

Mixed quality — meaningful strengths and weaknesses.

Data as of Aug 23, 2026 · filings through Dec 31, 2003

How the score breaks down

Quality

Mixed

Growth

Mixed

Cash Flow

Strong

Stability

Exceptional

Valuation

Weak

Dividends

Strong

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Share count falling — buybacks

−9.3% over 4y

The company has reduced its share count over this period, returning value to shareholders through buybacks.

Diluted shares outstanding: 1.1M (1999) → 1.0M (2003)

Winston Score History

The full picture

Scope Industries is a small waste management company that collects and recycles food waste, primarily from food processors, restaurants, and agricultural operations. Its core business involves converting leftover food byproducts — like bakery waste and produce scraps — into animal feed ingredients. The company operates in a niche corner of the broader waste management and recycling industry.

Scope Industries earns revenue by charging customers to haul away their food waste and then selling the processed material as low-cost animal feed to livestock producers. The company operates mainly in the western United States and, with a market cap of roughly $300 million, is a small player in its space. Its competitive position relies on established collection routes and long-term relationships with food manufacturers, but thin operating margins of around 8% leave little room for error if volumes drop or processing costs rise.

Growth Profile

For growth stock investors

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

Revenue Growth

+25.7% YoY

YoY Growth Rate

Revenue accelerating

EPS Growth

+146.7% YoY

YoY Growth Rate

Strong earnings growth

R&D Spend

$0/ year

0.0% of revenue

Below sector average (4%)

Research and development spending

Insider Activity

75.9%ownership

→ Flat

Insider ownership roughly steady over the past year

Cash Runway

~8 years

$28M cash & investments

Quarterly Free Cash Flow

↑ Burn rate improving

$28M cash & investments at current burn rate

Revenue accelerating

Scope Industries grew revenue 26% year-over-year and the growth rate is speeding up. That's the kind of momentum growth investors look for — the question is whether margins can follow.

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.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Quality

Profit per sale

Gross Margin

33.9%

Modest — 33.9% gross margin

Profit after running costs

Operating Margin

7.0%

Modest — 7.0% operating margin

Return on the money invested

ROCE

7.6%

Weak — 7.6% return on capital

ROIC between 5% and 15%. They earn 5 to 15 cents back per year on every dollar invested.

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Growth

Sales growth

Sales YoY

+10.3%

Steady sales growth (+10.3% YoY)

Profit growth

EPS YoY

-73.6%

Earnings shrinking (-73.6% YoY)

Earnings per share down more than 10%. Either a bad year, or a real decline.

How steady the profit is

EPS Consistency

5/8 quarters

Mixed — about half the quarters showed growth

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Cash Flow

Profit that turns into cash

Cash Conversion

387%

Turns 387% of profit into real cash

Spare cash per sale

FCF Margin

0.0%

Thin free cash flow (0.0%)

FCF margin between 0% and 10%. Some cash from sales, but not a lot.

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Stability

What it owes vs what it owns

Debt / Equity

0.15

Conservative — low debt load (0.15)

Covers its interest

Interest Cover

71.21x

Comfortably covers interest (71.2x)

Interest coverage above 8. Profits cover interest many times over.

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Valuation

Price vs profit

P/E Ratio (TTM)

100.9x

Expensive — P/E 100.9

P/E over 35. The market is pricing in heavy, sustained growth.

Cheaper or dearer next year

P/E vs Forward

N/A

not available

Data not available

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Dividends

Dividend

Dividend Yield

3.08%

Moderate income — 3.08% yield

Standard yield zone for stable dividend payers. A meaningful piece of total return.

Dividend record

Dividend Growth

+60.7%

Dividend growing fast (60.7% YoY)

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