The checklist Warren Buffett-style investors use. Annual numbers for 2025.
3/5Mixed
PassReturn on equity 15%+Earns a lot on the money owners have in the business.15.7%
MissDebt under half of equityNot relying on borrowed money.2.06x equity
PassNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.11.6%
MissProfitable every yearSteady profits, not one good year.5 of 10 years
PassFree cash flow positiveBrings in more cash than it spends to run and grow.$1.7B
Revenue
$5.1B
+4.7% vs prior year
5-year growth
-0.7%/yr
revenue, per year
Total debt
$7.8B
2.06x equity
Current ratio
0.93x
short-term assets / bills due
From annual reports filed with the SEC. Not in this company's SEC data, so not scored: share count not growing, gross margin 40%+. A checklist is a starting point for research, not a verdict.
Latest quarter
Quarter ended Jun 30, 2026
Reported Jul 30
Revenue
$1.3B
+2.0% YoY
Op. margin
24.1%
-2.5 pts
Free cash flow
$620.1M
Insider rating
Last 90 days
No open-market insider buys or sells in the last 90 days.
Weekly insider trend
No trades to chart yet.
Filing buzz
Last 7 days vs normal
0/ 100
This week
0
Normal week
1.4
vs normal
0.0x
SEC filings of any kind. 50 means a normal week.
Institutional ownership
■Steady-3.5%
Institutions cut 3.5% from their holdings. 287 bought, 195 sold. 2 quarters of net selling in a row.
Shares held by institutions719.5M
Sep '24Jun '26
Safety check
From SEC filings
Cash runwayAt last year's cash burn
Cash flow positive
Debt to equityLatest balance sheet: debt compared with what owners have
2.2x · $7.8B debt
Shares outstandingLatest reported
761M
Why low risk
High debt: 2.24x equity
Earnings reports
Last 12
Next reportIn 6 days (est.)Estimated from the same quarter last year
Results filedJul 30
Results filedApr 30
Results filedMar 2
Results filedNov 4, 2025
Results filedJul 24, 2025
Flags and big holders
Offerings 6 months, flags 12 months, holders 90 days