FBDT (First Breach) ROC %: -510.26% (As of Mar. 2026)

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FBDT First Breach Inc FBDT
8 GF Score
Price $1.14
! 2 Warning Signs
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What is First Breach ROC %?

First Breach FBDT -20.22% 8 ROC % is -510.26% as of Mar. 2026. GuruFocus rates FBDT with a GF Score™ of 8/100. The stock has 2 warning signs investors should review.

ROC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROIC %. First Breach's annualized return on capital (ROC %) for the quarter that ended in Mar. 2026 was -510.26%.

As of today (2026-08-26), First Breach's WACC % is 10.51%. First Breach's ROC % is -127.57% (calculated using TTM income statement data). First Breach earns returns that do not match up to its cost of capital. It will destroy value as it grows.

First Breach  (NAS:FBDT) ROC % Explanation

ROC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROIC %. The reason book values of debt and equity are used is because the book values are the capital the company received when issuing the debt or receiving the equity investments.

There are four key components to this definition. The first is the use of operating income or EBIT rather than net income in the numerator. The second is the tax adjustment to this operating income or EBIT, computed as a hypothetical tax based on an effective or marginal tax rate. The third is the use of book values for invested capital, rather than market values. The final is the timing difference; the capital invested is from the end of the prior year whereas the operating income or EBIT is the current year's number.

Why is ROC % important?

Because it costs money to raise capital. A firm that generates higher returns on investment than it costs the company to raise the capital needed for that investment is earning excess returns. A firm that expects to continue generating positive excess returns on new investments in the future will see its value increase as growth increases, whereas a firm that earns returns that do not match up to its cost of capital will destroy value as it grows.

As of today, First Breach's WACC % is 10.51%. First Breach's ROC % is -127.57% (calculated using TTM income statement data). First Breach earns returns that do not match up to its cost of capital. It will destroy value as it grows.

Be Aware

Like ROE % and ROA %, ROC % is calculated with only 12 months of data. Fluctuations in the company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.

First Breach ROC % Related Terms

First Breach ROC % Historical Data

* Premium members only.

The historical data trend for First Breach's ROC % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

First Breach ROC % Chart

First Breach Annual Data
Trend Dec24 Dec25
ROC %
-42.20 -84.30

First Breach Quarterly Data
Dec24 Mar25 Dec25 Mar26
ROC % 0.00 -37.72 0.00 -510.26
FBDT
8GF Score
First Breach Inc FBDT
ROC % is just one metric. See GF Score™, valuation, warning signs, and more.
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First Breach ROC % Calculation

First Breach's annualized Return on Capital (ROC %) for the fiscal year that ended in Dec. 2025 is calculated as:

ROC % (A: Dec. 2025 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (A: Dec. 2024 ) + Invested Capital (A: Dec. 2025 ))/ count )
=-9.989 * ( 1 - 0% )/( (12.419 + 11.281)/ 2 )
=-9.989/11.85
=-84.30 %

where

Invested Capital(A: Dec. 2024 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=13.508 - 2.692 - ( 0.435 - max(0, 3.958 - 2.355+0.435))
=12.419

Invested Capital(A: Dec. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=13.021 - 2.877 - ( 2.477 - max(0, 4.631 - 3.494+2.477))
=11.281

First Breach's annualized Return on Capital (ROC %) for the quarter that ended in Mar. 2026 is calculated as:

ROC % (Q: Mar. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=-57.8 * ( 1 - 0% )/( (11.281 + 11.374)/ 2 )
=-57.8/11.3275
=-510.26 %

where

Invested Capital(Q: Dec. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=13.021 - 2.877 - ( 2.477 - max(0, 4.631 - 3.494+2.477))
=11.281

Invested Capital(Q: Mar. 2026 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=11.645 - 2.009 - ( 1.415 - max(0, 4.091 - 2.353+1.415))
=11.374

Note: The Operating Income data used here is four times the quarterly (Mar. 2026) data. The tax rate is limited to between 0% and 100%.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about ROC % →
What does a ROC % of -510.26% mean?
First Breach (FBDT) has a ROC % of -510.26% as of Mar. 2026. Return on capital is the ratio of current-period net income to average two-period capital. View historical data on First Breach and its competitors.
Is First Breach's ROC % too high?
First Breach's current ROC % is -510.26%. Overall, First Breach has a GF Score™ of 8/100, reflecting its overall financial health beyond just this single metric.
How does First Breach's ROC % compare to ?
First Breach's ROC % of -510.26% can be compared against companies in the Aerospace & Defense industry. The industry median ROC % is 4.41. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROC % for an Aerospace & Defense company?
The median ROC % among Aerospace & Defense companies is 4.41, based on 357 companies in the industry. Companies in the top quartile (top 25%) have a ROC % significantly above this median, while those in the bottom quartile fall well below. However, ROC % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROC % mean?
A high ROC % can signal that a stock is expensive relative to its fundamentals. Return on capital is the ratio of current-period net income to average two-period capital. View historical data on First Breach and its competitors. For the Aerospace & Defense industry, the median ROC % is 4.41 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. First Breach's current ROC % is -510.26%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is First Breach stock overvalued right now?
First Breach (FBDT) has a current ROC % of -510.26%. The current ROC % is -510.26%. First Breach's overall GF Score™ is 8/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROC % calculated?
ROC % is calculated from a company's financial statements. For First Breach (FBDT), the current ROC % is -510.26% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

First Breach Business Description

Comparable Companies
Address 18450 Showalter Road, Hagerstown, MD, USA, 21742
First Breach Inc operates as an integrated manufacturer of ammunition and ammunition components, serving commercial, law enforcement, and military markets. Its operations include lead smelting, brass cup and casing manufacturing, and final product assembly. The company sources raw materials from suppliers in multiple countries and distributes its products through distributors, with smaller quantities sold directly to consumers and small businesses. Its core product lines include centerfire cartridges, bullets, casings, and cups, for pistol and rifle. The company derives its revenue from the production and sale of ammunition, which includes shipping income.
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ROC % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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