Consumer Cyclical

Consumer Cyclical

MGM Resorts International (MGM): Asset-light structure with weakened margin and return profile

Consumer Cyclical

MGM Resorts International (MGM): Asset-light shift exposes margin compression and earnings fragility

Consumer Cyclical

Aptiv PLC (APTV): Cash generation resilience amid compressed operating margin structure

Consumer Cyclical

PulteGroup, Inc. (PHM): Cash generation resilience amid margin and earnings compression

Consumer Cyclical

International Paper Company (IP): Revenue expansion with deteriorating earnings and cash conversion

Consumer Cyclical

Deckers Outdoor Corporation (DECK): Margin expansion with steady cash generation and returns

Consumer Cyclical

Royal Caribbean Cruises Ltd. (RCL): Rising margins and cash flow amid heavy reinvestment

Consumer Cyclical

Tractor Supply Company (TSCO): Rising leverage with steady cash generation and margins

Consumer Cyclical

NIKE, Inc. (NKE): Margin compression and cash generation under revenue pressure

Consumer Cyclical

Darden Restaurants, Inc. (DRI): Cash generation with stable margin and return profile

Consumer Cyclical

Carnival Corporation & plc (CCL): Improving return profile with moderating leverage posture

Consumer Cyclical

Lennar Corporation (LEN): Margin compression reshapes homebuilding efficiency and return profile