Capital Intensity
Score how much of a company is physical plant, inventory, and equipment, whether that base is being maintained, and whether the shares have tangible backing.
Proficient Auto Logistics, Inc. Common Stock
Physical assets are 27.3% of total assets, a light footprint. Capex is 0.10x depreciation while free cash flow yield is positive, which can mean an aging base that is still throwing off cash. EBITDA after capex covers debt service by 0.04x, which is below 1.
Energy, materials, and industrial names often turn net PP&E at about 1x to 3x. This name is at 3.35x.
Physical asset ratio
27.3%Physical asset ratio · 2025-12-31(Net PP&E + inventory) / total assetsNet PP&E$128.48MpropertyPlantAndEquipmentNetInventory$1.71MinventoryTotal assets$476.96MtotalAssetsResult 27.3%
Net PP&E plus inventory, divided by total assets. Above 50% is a heavy footprint.
Fixed asset turnover
3.35xFixed asset turnover · 2025-12-31Revenue / net PP&ERevenue$430.43MtotalRevenueNet PP&E$128.48MpropertyPlantAndEquipmentNetResult 3.35x
Revenue per dollar of the physical asset base.
Capex / D&A
0.10xCapex / D&A · 2025-12-31Capital expenditures / depreciation and amortizationCapex$3.90McapitalExpendituresD&A$39.31MdepreciationAndAmortizationResult 0.10x
Above 1.0x means the physical base is being replaced or expanded.
Tangible book / share
$1.55Tangible book / share · 2025-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$476.96MtotalAssetsGoodwill$148.48MgoodWillIntangibles$122.80MintangibleAssetsLiabilities$163.00MtotalLiabTangible book$42.68MShares27,578,622commonStockSharesOutstandingResult $1.55
Assets minus goodwill, intangibles, and liabilities, per share.
Price / tangible book
1.95xPrice / tangible bookPrice / tangible book per sharePrice$3.02Latest quoteTangible book / share$1.552025-12-31Result 1.95x
Price $3.02.
Fixed-charge coverage
0.04xFixed-charge coverage · 2025-12-31(EBITDA − capex) / (interest + short-term debt)EBITDA$5.00MebitdaCapex$3.90McapitalExpendituresInterest$6.59MinterestExpenseShort-term debt$20.30MshortLongTermDebtEBITDA − capex$1.10MPrincipal due is the current portion of debt.Result 0.04x
EBITDA minus capex, divided by interest plus short-term debt.
FCF yield
38.2%Free cash flow yield · 2025-12-31Latest free cash flow / current market capFree cash flow$29.28MfreeCashFlowMarket cap$76.58MMarketCapitalizationResult 38.2%
Latest free cash flow divided by current market cap ($76.58M).
ROIC
—ROIC · 2025-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income$16.40MoperatingIncomeTax expense-$7.45MincomeTaxExpensePretax income-$40.90MincomeBeforeTaxTax rate—Equity$313.96MtotalStockholderEquityDebt$97.97MshortLongTermDebtTotalCash$14.29McashInvested capital$397.65MROIC needs a positive pretax income so an effective tax rate can be calculated.Result —
After-tax operating income over equity plus debt minus cash.
Operating income / net PP&E is 0.13x.
Footprint and return
Turnover and reinvestment
| Year | Physical | FAT | Capex/D&A | TBV/sh | Coverage | FCF | ROIC | EBIT/PP&E |
|---|---|---|---|---|---|---|---|---|
| 2022 | —Physical asset ratio · 2022-12-31(Net PP&E + inventory) / total assetsNet PP&E—Not reportedInventory—Not reportedTotal assets—Not reportedResult — | —Fixed asset turnover · 2022-12-31Revenue / net PP&ERevenue$130.16MtotalRevenueNet PP&E—Not reportedResult — | 0.28xCapex / D&A · 2022-12-31Capital expenditures / depreciation and amortizationCapex$642.99KcapitalExpendituresD&A$2.29MdepreciationAndAmortizationResult 0.28x | —Tangible book / share · 2022-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets—Not reportedGoodwill$0.00Not reported, treated as 0Intangibles$0.00Not reported, treated as 0Liabilities—Not reportedTangible book—Shares25,791,109commonStockSharesOutstandingGoodwill was not reported and is treated as zero.Intangibles were not reported and are treated as zero.Result — | 14.04xFixed-charge coverage · 2022-12-31(EBITDA − capex) / interestEBITDA$16.98MebitdaCapex$642.99KcapitalExpendituresInterest$1.16MinterestExpenseEBITDA − capex$16.34MShort-term debt was not reported, so the denominator is interest only.Result 14.04x | $5.31MFree cash flow · 2022-12-31Reported free cash flowOperating cash flow$5.95MtotalCashFromOperatingActivitiesCapex$642.99KcapitalExpendituresFree cash flow$5.31MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result $5.31M | —ROIC · 2022-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income$14.69MoperatingIncomeTax expense$3.13MincomeTaxExpensePretax income$13.53MincomeBeforeTaxTax rate23.1%Equity—Not reportedDebt—Not reportedCash—Not reportedInvested capital—Result — | —EBIT / PP&E · 2022-12-31Operating income / net PP&EOperating income$14.69MoperatingIncomeNet PP&E—Not reportedResult — |
| 2023 | 1,439.8%Physical asset ratio · 2023-12-31(Net PP&E + inventory) / total assetsNet PP&E$61.98MpropertyPlantAndEquipmentNetInventory$1.30MinventoryTotal assets$4.40MtotalAssetsResult 1,439.8% | 2.19xFixed asset turnover · 2023-12-31Revenue / net PP&ERevenue$135.76MtotalRevenueNet PP&E$61.98MpropertyPlantAndEquipmentNetResult 2.19x | 0.20xCapex / D&A · 2023-12-31Capital expenditures / depreciation and amortizationCapex$515.66KcapitalExpendituresD&A$2.52MdepreciationAndAmortizationResult 0.20x | -$10.54Tangible book / share · 2023-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$4.40MtotalAssetsGoodwill$203.63MgoodWillIntangibles$50.91MintangibleAssetsLiabilities$4.01MtotalLiabTangible book-$254.15MShares24,112,965commonStockSharesOutstandingResult -$10.54 | 3.20xFixed-charge coverage · 2023-12-31(EBITDA − capex) / (interest + short-term debt)EBITDA$12.88MebitdaCapex$515.66KcapitalExpendituresInterest$953.67KinterestExpenseShort-term debt$2.91MshortTermDebtEBITDA − capex$12.36MPrincipal due is short-term debt.Result 3.20x | $10.22MFree cash flow · 2023-12-31Reported free cash flowOperating cash flow$10.73MtotalCashFromOperatingActivitiesCapex$515.66KcapitalExpendituresFree cash flow$10.22MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result $10.22M | 68.0%ROIC · 2023-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income$10.35MoperatingIncomeTax expense$2.24MincomeTaxExpensePretax income$9.40MincomeBeforeTaxTax rate23.9%Equity$389.17KtotalStockholderEquityDebt$11.67MshortLongTermDebtTotalCash$458.23KcashInvested capital$11.60MResult 68.0% | 0.17xEBIT / PP&E · 2023-12-31Operating income / net PP&EOperating income$10.35MoperatingIncomeNet PP&E$61.98MpropertyPlantAndEquipmentNetResult 0.17x |
| 2024 | 26.6%Physical asset ratio · 2024-12-31(Net PP&E + inventory) / total assetsNet PP&E$133.61MpropertyPlantAndEquipmentNetInventory$1.36MinventoryTotal assets$508.09MtotalAssetsResult 26.6% | 1.80xFixed asset turnover · 2024-12-31Revenue / net PP&ERevenue$240.85MtotalRevenueNet PP&E$133.61MpropertyPlantAndEquipmentNetResult 1.80x | 0.29xCapex / D&A · 2024-12-31Capital expenditures / depreciation and amortizationCapex$6.18McapitalExpendituresD&A$21.41MdepreciationAndAmortizationResult 0.29x | $2.03Tangible book / share · 2024-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$508.09MtotalAssetsGoodwill$169.06MgoodWillIntangibles$132.49MintangibleAssetsLiabilities$170.11MtotalLiabTangible book$36.43MShares17,937,853commonStockSharesOutstandingResult $2.03 | 0.31xFixed-charge coverage · 2024-12-31(EBITDA − capex) / (interest + short-term debt)EBITDA$13.37MebitdaCapex$6.18McapitalExpendituresInterest$4.01MinterestExpenseShort-term debt$19.05MshortLongTermDebtEBITDA − capex$7.19MPrincipal due is the current portion of debt.Result 0.31x | $4.54MFree cash flow · 2024-12-31Reported free cash flowOperating cash flow$10.72MtotalCashFromOperatingActivitiesCapex$6.18McapitalExpendituresFree cash flow$4.54MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result $4.54M | —ROIC · 2024-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income-$7.89MoperatingIncomeTax expense$1.25MincomeTaxExpensePretax income-$7.23MincomeBeforeTaxTax rate—Equity$337.98MtotalStockholderEquityDebt$93.57MshortLongTermDebtTotalCash$15.40McashInvested capital$416.15MROIC needs a positive pretax income so an effective tax rate can be calculated.Result — | -0.06xEBIT / PP&E · 2024-12-31Operating income / net PP&EOperating income-$7.89MoperatingIncomeNet PP&E$133.61MpropertyPlantAndEquipmentNetResult -0.06x |
| 2025 | 27.3%Physical asset ratio · 2025-12-31(Net PP&E + inventory) / total assetsNet PP&E$128.48MpropertyPlantAndEquipmentNetInventory$1.71MinventoryTotal assets$476.96MtotalAssetsResult 27.3% | 3.35xFixed asset turnover · 2025-12-31Revenue / net PP&ERevenue$430.43MtotalRevenueNet PP&E$128.48MpropertyPlantAndEquipmentNetResult 3.35x | 0.10xCapex / D&A · 2025-12-31Capital expenditures / depreciation and amortizationCapex$3.90McapitalExpendituresD&A$39.31MdepreciationAndAmortizationResult 0.10x | $1.55Tangible book / share · 2025-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$476.96MtotalAssetsGoodwill$148.48MgoodWillIntangibles$122.80MintangibleAssetsLiabilities$163.00MtotalLiabTangible book$42.68MShares27,578,622commonStockSharesOutstandingResult $1.55 | 0.04xFixed-charge coverage · 2025-12-31(EBITDA − capex) / (interest + short-term debt)EBITDA$5.00MebitdaCapex$3.90McapitalExpendituresInterest$6.59MinterestExpenseShort-term debt$20.30MshortLongTermDebtEBITDA − capex$1.10MPrincipal due is the current portion of debt.Result 0.04x | $29.28MFree cash flow · 2025-12-31Reported free cash flowOperating cash flow$33.18MtotalCashFromOperatingActivitiesCapex$3.90McapitalExpendituresFree cash flow$29.28MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result $29.28M | —ROIC · 2025-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income$16.40MoperatingIncomeTax expense-$7.45MincomeTaxExpensePretax income-$40.90MincomeBeforeTaxTax rate—Equity$313.96MtotalStockholderEquityDebt$97.97MshortLongTermDebtTotalCash$14.29McashInvested capital$397.65MROIC needs a positive pretax income so an effective tax rate can be calculated.Result — | 0.13xEBIT / PP&E · 2025-12-31Operating income / net PP&EOperating income$16.40MoperatingIncomeNet PP&E$128.48MpropertyPlantAndEquipmentNetResult 0.13x |
- Principal due is the current portion of debt.
Latest year inputs (2025)
Net PP&E: $128.48M
Inventory: $1.71M
Total assets: $476.96M
Goodwill: $148.48M
Intangibles: $122.80M
Liabilities: $163.00M
Tangible book: $42.68M
Shares: 27,578,622
Revenue: $430.43M
Capex: $3.90M
D&A: $39.31M
EBITDA: $5.00M
Interest: $6.59M
Short-term debt: $20.30M
Free cash flow: $29.28M
Operating income: $16.40M
Invested capital: $397.65M
Tax rate: —