The checklist Warren Buffett-style investors use. Annual numbers for 2025.
5/6Strong
MissReturn on equity 15%+Earns a lot on the money owners have in the business.13.0%
PassDebt under half of equityNot relying on borrowed money.0.14x equity
PassNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.54.6%
PassProfitable every yearSteady profits, not one good year.7 of 7 years
PassFree cash flow positiveBrings in more cash than it spends to run and grow.$724.5M
PassShare count not growingNot diluting owners. Falling means buybacks.-8.6% in 3 years
Revenue
$1.2B
+2.8% vs prior year
5-year growth
+2.2%/yr
revenue, per year
Total debt
$744.5M
0.14x equity
Free cash flow
$724.5M
58.6% of revenue
From annual reports filed with the SEC. Gross margin doesn't apply to banks and insurers, so it isn't scored. A checklist is a starting point for research, not a verdict.
Latest quarter
Quarter ended Jun 30, 2026
Reported Aug 5
Revenue
$317.3M
+4.1% YoY
EPS
$1.25
vs $1.11
Free cash flow
$118.5M
Share count
-6.9%
vs a year ago
Insider rating
Last 90 days
23Selling
1 insider sold $37.1M (not pre-planned)
50 is neutral. Buying by more insiders, top executives and bigger stakes raises it. Selling lowers it; pre-planned sales count less.
Weekly insider trend
13 weeks agoBoughtSoldThis week
Filing buzz
Last 7 days vs normal
0/ 100
This week
0
Normal week
1.7
vs normal
0.0x
SEC filings of any kind. 50 means a normal week.
Institutional ownership
■Steady-2.3%
Institutions cut 2.3% from their holdings. 136 bought, 107 sold.
Shares held by institutions29.9M
Sep '24Jun '26
Safety check
From SEC filings
Share count growthYearly rate, last 3 years
-4.9%
Cash runwayAt last year's cash burn
Cash flow positive
Debt to equityLatest balance sheet: debt compared with what owners have
0.1x · $745.2M debt
Shares outstandingLatest reported
137M
Earnings reports
Last 12
Next reportAround Nov 4 (est.)Estimated from the same quarter last year
Results filedAug 5
Results filedMay 5
Results filedFeb 3
Results filedNov 5, 2025
Results filedJul 30, 2025
Flags and big holders
Offerings 6 months, flags 12 months, holders 90 days
No offerings, red flags or new big holders. Clean record.