RADIANT LOGISTICS, INC
RLGTdata completeness 88%15 fiscal years on fileRADIANT LOGISTICS, INC earns about 12% on invested capital, comfortably above its ~9% cost of capital, and has bought back 5% of its shares over 5 years — the marks of a durable business run for its owners. The estimate methods put fair value between $2.82 and $4.38 a share.Whether it’s worth owning at today’s price is the last question — and yours to answer, below.
| Figure | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|
| Revenue | $899.8M1 | $1.46B2 | $1.09B3 | $802.5M4 | $902.7M4 |
| Net income | $23.1M5 | $44.5M6 | $20.6M7 | $7.69M8 | $17.3M8 |
| Operating cash flow | $14.1M9 | $24.9M10 | $97.9M11 | $17.3M12 | $13.3M12 |
| Capital expenditure | $11.4M13 | $7.46M14 | $7.57M15 | $8.6M16 | $5.12M16 |
| Free cash flow (derived) | $2.67M9 | $17.4M10 | $90.3M11 | $8.66M12 | $8.14M12 |
| Total debt | $28.4M17 | $71.3M18 | $4.11M19 | $019 | — |
| Cash & equivalents | $13.7M20 | $24.4M21 | $32.5M22 | $24.9M23 | $22.9M23 |
| Diluted shares | 51.2M | 50.7M | 49.6M | 48.8M | 48.7M |
Superscripts are receipts. Each links to the SEC filing the number came from (full list at the bottom).
10 shares is a claim on $46.38 of net worth that earned you $3.55 and generated $1.67 of cash last year.
It earned about 12% on invested capital against a ~9% cost of capital — comfortably above the cost of funding, a moderate advantage.
seeing a moat in the numbers →Share count is down 5% over 5 years — management has been buying back stock, quietly handing owners a bigger slice. Total debt has fallen 100% — deleveraging.
reading capital allocation →Signals, not verdicts — read from the filings above. Numbers don’t prove a moat; they show its footprint. You decide.
The 3 estimate methods that apply put fair value between $2.82 and $4.38 a share. They rest on different assumptions, so where they diverge is the story; the Graham Number is a stricter floor, not a target.
assumptions (10)
- riskFreeRate4.7%
- equityRiskPremium5.0%
- beta100.0%
- equityWeight85.0%
- costOfDebtSpread1.5%
- taxRate21.0%
- terminalGrowth2.5%
- projectionYears10
- fcfGrowth0.0%
- fcfBase$8.66M
assumptions (10)
- riskFreeRate4.7%
- equityRiskPremium5.0%
- beta100.0%
- equityWeight85.0%
- costOfDebtSpread1.5%
- taxRate21.0%
- terminalGrowth2.5%
- projectionYears5
- fcfGrowth0.0%
- fcfBase$8.66M
assumptions (8)
- riskFreeRate4.7%
- equityRiskPremium5.0%
- beta100.0%
- equityWeight85.0%
- costOfDebtSpread1.5%
- taxRate21.0%
- normalizedEarnings$20.6M
- growthAssumed0.0%
assumptions (1)
- grahamMultiplier2250.0%
Different models answer different questions — which to trust when →
| Bear | 0.0% | $3.01 |
| Base | 0.0% | $3.01 |
| Bull | 5.0% | $3.62 |
Bear/base/bull growth = 0% / filed history / history + 5pp. Type a price to see the return each case implies.
Default growth 0.0%= this company’s own filed history (median-to-median FCF CAGR, clamped 0–20%). Your adjustments are recorded anonymously. They become the “what do owners actually believe” dataset.
- 10-K · period ending 2021-06-30 · accession 0000950170-23-004697 (RevenueFromContractWithCustomerExcludingAssessedTax)
- 10-K · period ending 2022-06-30 · accession 0000950170-23-047958 (RevenueFromContractWithCustomerExcludingAssessedTax)
- 10-K · period ending 2023-06-30 · accession 0000950170-24-105991 (RevenueFromContractWithCustomerExcludingAssessedTax)
- 10-K · period ending 2024-06-30 · accession 0001193125-25-203690 (RevenueFromContractWithCustomerExcludingAssessedTax)
- 10-K · period ending 2021-06-30 · accession 0000950170-23-004697 (NetIncomeLoss)
- 10-K · period ending 2022-06-30 · accession 0000950170-23-047958 (NetIncomeLoss)
- 10-K · period ending 2023-06-30 · accession 0000950170-24-105991 (NetIncomeLoss)
- 10-K · period ending 2024-06-30 · accession 0001193125-25-203690 (NetIncomeLoss)
- 10-K · period ending 2021-06-30 · accession 0000950170-23-004697 (NetCashProvidedByUsedInOperatingActivities)
- 10-K · period ending 2022-06-30 · accession 0000950170-23-047958 (NetCashProvidedByUsedInOperatingActivities)
- 10-K · period ending 2023-06-30 · accession 0000950170-24-105991 (NetCashProvidedByUsedInOperatingActivities)
- 10-K · period ending 2024-06-30 · accession 0001193125-25-203690 (NetCashProvidedByUsedInOperatingActivities)
- 10-K · period ending 2021-06-30 · accession 0000950170-23-004697 (PaymentsToAcquirePropertyPlantAndEquipment)
- 10-K · period ending 2022-06-30 · accession 0000950170-23-047958 (PaymentsToAcquirePropertyPlantAndEquipment)
- 10-K · period ending 2023-06-30 · accession 0000950170-24-105991 (PaymentsToAcquirePropertyPlantAndEquipment)
- 10-K · period ending 2024-06-30 · accession 0001193125-25-203690 (PaymentsToAcquirePropertyPlantAndEquipment)
- 10-K · period ending 2021-06-30 · accession 0000950170-23-004697 (LongTermDebtNoncurrent)
- 10-K · period ending 2022-06-30 · accession 0000950170-23-047958 (LongTermDebtNoncurrent)
- 10-K · period ending 2023-06-30 · accession 0000950170-24-105991 (LongTermDebtNoncurrent)
- 10-K · period ending 2021-06-30 · accession 0000950170-23-004697 (CashAndCashEquivalentsAtCarryingValue)
- 10-K · period ending 2022-06-30 · accession 0000950170-23-047958 (CashAndCashEquivalentsAtCarryingValue)
- 10-K · period ending 2023-06-30 · accession 0000950170-24-105991 (CashAndCashEquivalentsAtCarryingValue)
- 10-K · period ending 2024-06-30 · accession 0001193125-25-203690 (CashAndCashEquivalentsAtCarryingValue)