Finance — Executive Overview

Crabtree-grounded adjusted P&L · MGFOS Phase 1 · Latest 2026-04 · 13 periods backfilled

CEO CockpitLevel 10MarketingSocialEliseAIVA DailyVA HoursProperty OPSAsset OPSMaintenanceHRFinance
OverviewP&LLaborPropertiesForecastAlertsAI Insights
Holdco revenue (T12)
$547,963
Trailing 12 months across MGE
Holdco net income (T12 adjusted)
-$203,042
With Crabtree adjustments applied
Active alerts
See Alerts tab
Tier-1 fires if salary cap breached

By-entity headline KPIs

EntityRevenueNet incomePTP%TargetMgmt LERSalary cap varianceROIC
M Group Capital$0-$25,6430.0%20.0%0.00x$14,227-10.4%
M Group Residential$0-$26,1400.0%15.0%-0.16x$14,234-3.4%

Four-forces cash waterfallM Group Capital

Do NOT distribute
1. Net income (pool)-$25,643
2. Less: tax accrual (30%)-$0
= After tax-$25,643
3. Less: debt service-$0
= After debt-$25,643
4. Less: core capital gap (target $170,000 − cash $142,500)-$27,500
= Distribution capacity$0

Crabtree Principle 4: profits spent in fixed order — tax, debt, core capital (2-mo opex), distributions. Negative core-capital gap means cash is already above the 2-month buffer; no holdback needed.

Four-forces cash waterfallM Group Residential

Do NOT distribute
1. Net income (pool)-$26,140
2. Less: tax accrual (30%)-$0
= After tax-$26,140
3. Less: debt service-$0
= After debt-$26,140
4. Less: core capital gap (target $170,000 − cash $87,800)-$82,200
= Distribution capacity$0

Crabtree Principle 4: profits spent in fixed order — tax, debt, core capital (2-mo opex), distributions. Negative core-capital gap means cash is already above the 2-month buffer; no holdback needed.

Strategic signal · M Group Capital

Over-capitalized for revenue scale

271.0% required

Current invested capital: $1,117,500 · T12 revenue: $294,557

To clear the Crabtree 50% ROIC floor at current invested capital, this entity would need 271.0% pre-tax profit — well above the 50.0% operational ceiling. Implies either:

  • Grow revenue ~5.4× to make 50% ROIC realistic at current invested capital, OR
  • Distribute capital to bring invested capital down to a level where the existing revenue base can clear the ROIC floor

Operational PTP target stays at the Crabtree band (20.0%) to keep day-to-day alerts sane; the strategic gap is surfaced here.

Strategic signal · M Group Residential

Over-capitalized for revenue scale

74.1% required

Current invested capital: $262,800 · T12 revenue: $253,407

To clear the Crabtree 50% ROIC floor at current invested capital, this entity would need 74.1% pre-tax profit — well above the 50.0% operational ceiling. Implies either:

  • Grow revenue ~1.5× to make 50% ROIC realistic at current invested capital, OR
  • Distribute capital to bring invested capital down to a level where the existing revenue base can clear the ROIC floor

Operational PTP target stays at the Crabtree band (15.0%) to keep day-to-day alerts sane; the strategic gap is surfaced here.

Strategic signal · M Group Capital

Over-capitalized for revenue scale

271.0% required

Current invested capital: $1,117,500 · T12 revenue: $294,557

To clear the Crabtree 50% ROIC floor at current invested capital, this entity would need 271.0% pre-tax profit — well above the 50.0% operational ceiling. Implies either:

  • Grow revenue ~5.4× to make 50% ROIC realistic at current invested capital, OR
  • Distribute capital to bring invested capital down to a level where the existing revenue base can clear the ROIC floor

Operational PTP target stays at the Crabtree band (20.0%) to keep day-to-day alerts sane; the strategic gap is surfaced here.

Strategic signal · M Group Residential

Over-capitalized for revenue scale

74.1% required

Current invested capital: $262,800 · T12 revenue: $253,407

To clear the Crabtree 50% ROIC floor at current invested capital, this entity would need 74.1% pre-tax profit — well above the 50.0% operational ceiling. Implies either:

  • Grow revenue ~1.5× to make 50% ROIC realistic at current invested capital, OR
  • Distribute capital to bring invested capital down to a level where the existing revenue base can clear the ROIC floor

Operational PTP target stays at the Crabtree band (15.0%) to keep day-to-day alerts sane; the strategic gap is surfaced here.

Notes on the data

  • Adjusted view: Corey's market wage ($185k MGC + $125k MGR = $310k/yr) is imputed against actual Officer Comp. Below-cap variance reflects Management Labor only — Direct Labor backfill still pending HR CSV.
  • ROIC chained across trailing-12 periods. MGC currently negative because adjusted NI is hit by the market-wage normalization at sub-$5M revenue scale.
  • Data source: bundled snapshot.json from the MGFOS backfill (Apr 2025 – Apr 2026). BigQuery migration is the next data-layer follow-up.