|GRDN Overview
GRDN

Guardian Pharmacy Services, Inc.

Consumer Discretionary • CIK: 0001802255

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Market Cap
$1.35B
P/E (TTM)
38.0x
Rev Growth (TTM)
+18.7%
Net Margin (TTM)
2.9%
FCF Yield (TTM)
6.5%
FCF Margin (TTM)
6.3%

LATEST EARNINGS

FY 2025/2026 Outlook
about 2 months ago
View source
Revenue
Net Income
EPS
  • Reiterating 2025 revenue guidance of $1.43 billion to $1.45 billion.
  • Reiterating 2025 adjusted EBITDA guidance of $104 million to $106 million.
  • Expects 2026 adjusted EBITDA in the range of $115 million to $118 million, representing approximately 11% year-over-year growth.
  • 2026 outlook reflects a structural improvement in adjusted EBITDA margin to above 8%, a step-up from 2025.

Cash Flow Health

Free Cash Flow7/8 positive
TTM$88M
Q3 '25
$24M+21%
Q2 '25
$20M+14%
FCF Margin
TTM6.3%
Q3 '256.4%+11%
Sector: 3.2%Above Avg
OCF Margin6.3%
OCF/NI2.19x
CapEx Coverage
FCF Yield6.5%
FCF Growth (2Y)
Cash Conversion Cycle
5 days
DSO: 25+DIO: 14DPO: 35

Capital Allocation & Returns

Total Shareholder YieldFY
FY0.0%
Div Yield0.0%
+
Buyback (FY)4.4%

Insufficient data

Dividend & Payout Metrics
Dividend Yield (TTM)0.0%
Free Cash Flow (TTM)$88.0M
Stock Repurchases (FY)$55.2M
Capital Return / FCF0.0%
Est. Dividends Paid (TTM)$0
Shows how management rewards shareholders

Operational Efficiency & Returns

Return on Invested CapitalTTM
20.8%
P25MedianP75
75th pctl (med: 0.1%)
DuPont BreakdownROIC = Margin × Turn × (1+D/E)
NOPAT Margin
2.9%
8Q: 2.8%
Asset Turnover
4.03x
8Q: 4.03x
Leverage (1+D/E)
Asset & CapEx Efficiency
Fixed Asset Turn
26.74x
8Q:
Invested Cap Turn
7.28x
8Q:
Asset-based ROIC formula

QUARTERLY TRENDS

Last 8 quarters + TTM

MetricTTMQ3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023
Revenue
$1.4B
$377.4M9.6%
$344.3M4.6%
$329.3M2.7%
$338.6M7.7%
$314.4M4.8%
$300.0M8.9%
$275.4M2.0%
$281.1M
Operating Income
$58.7M
$16.4M30.0%
$12.6M3.3%
$13.0M22.4%
$16.8M116.0%
$-104.6M715.2%
$17.0M114.4%
$7.9M48.9%
$15.5M
Net Income
$40.2M
$9.8M8.7%
$9.0M4.4%
$9.4M20.9%
$11.9M109.8%
$-122.0M
$0100.0%
$7.1M51.3%
$14.6M
Operating Cash Flow
$88.0M
$28.2M41.3%
$19.9M13.6%
$17.6M21.4%
$22.3M1132.2%
$-2.2M107.4%
$29.1M236.6%
$8.7M40.5%
$14.6M
Free Cash Flow
$88.0M
$24.2M21.2%
$19.9M13.6%
$17.6M12.6%
$20.1M558.5%
$-4.4M115.0%
$29.1M236.6%
$8.7M40.5%
$14.6M
Total Equity
N/A

Valuation Analysis

Fair Value
Price-to-EarningsTTM
38.0x
Valuation Lenses
Earnings
38.0x
vs sector
Cash Flow
-0.2x
EV/FCF vs
Growth-Adj
2.0xPEG
Expensive for growth
Quality-Adj
1.8P/E per %ROIC
ROIC: 20.8%
Shareholder Returns
Dividend
Buyback
Total Yield
Market Cap$1.35B
EV
Multi-angle valuation analysis with sector context

Business Quality & Moat

Overall Quality Score
100/100
Exceptional

Composite score: Returns (40%) + Consistency (30%) + Earnings Quality (30%)

Returns on Capital

Return on Equity (ROE)
8Q:
Return on Invested Capital (ROIC)Top 25%
20.8%
8Q:
vs Sector:0.1%

DuPont Analysis (ROIC = NOPAT Margin × Asset Turnover)

NOPAT Margin: 2.9%
Asset Turnover: 4.03x

Earnings Quality

Cash Conversion

2.19x

OCF / Net Income

FCF Consistency

Positive quarters

Competitive Moat Indicators

Pricing Power

Gross Margin19.7%

Capital Efficiency

Invested Capital Turnover7.28x

Working Capital

Cash Conversion Cycle5 days

Growth Quality & Momentum

Moderate Growth
Growth Quality Score
69/100
Growth 40%
Margins 30%
FCF 20%
Consistency 10%

Growth Rates

Revenue Growth YoY
18.7%
OpInc Growth YoY
115.6%
EPS Growth YoY
N/A
FCF 3Y CAGR
N/A

Margin Quality & Sustainability

Low Quality
Profitability Cascade
Gross
19.7%
Operating
4.2%
Below Avg in sector
Net
2.9%
Margins Unknown
Earnings Quality Signals
SBC / Revenue
FCF vs Net Gap
+3.4 pts
FCF: 6.3% | Net: 2.9%

Quality = stability + cash conversion + low dilution

Balance Sheet & Solvency

Fortress
Net Debt / EBITDA
Net Cash
(0.0x)Net Cash: $36.49M
Interest Coverage
+Net cash position: $36.49M
Leverage Metrics
Debt-to-Equity
x
Balance sheet risk & solvency analysis