MEP Contractor ROIC: Why Margin × Turnover Explains the 4x Spread
FIX has 40.8% ROIC. PWR has 9.7%—despite 4x the revenue. The 'data center exposure' explanation is incomplete. The full story: FIX earns 2.5x higher margins AND turns assets 30% faster. Here's the DuPont analysis of six infrastructure contractors building America's data centers.