The checklist Warren Buffett-style investors use. Annual numbers for 2025.
4/6Mixed
MissReturn on equity 15%+Earns a lot on the money owners have in the business.7.4%
PassDebt under half of equityNot relying on borrowed money.0.22x 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.$3.3B
PassShare count not growingNot diluting owners. Falling means buybacks.-27.6% in 3 years
Revenue
$26.8B
-1.7% vs prior year
5-year growth
-9.3%/yr
revenue, per year
Total debt
$9.2B
0.22x equity
Free cash flow
$3.3B
12.4% 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 6
Revenue
$7.1B
-0.1% YoY
EPS
$1.78
vs $1.98
Free cash flow
$1.7B
Share count
-7.7%
vs a year ago
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
47/ 100
This week
2
Normal week
2.2
vs normal
0.9x
SEC filings of any kind. 50 means a normal week.
Institutional ownership
■Steady-0.1%
Institutions cut 0.1% from their holdings. 532 bought, 519 sold. 2 quarters of net selling in a row.
Shares held by institutions500.5M
Sep '24Jun '26
Safety check
From SEC filings
Share count growthYearly rate, last 3 years
-9.7%
Cash runwayAt last year's cash burn
Cash flow positive
Debt to equityLatest balance sheet: debt compared with what owners have
0.2x · $9.2B debt
Shares outstandingLatest reported
523M
Earnings reports
Last 12
Next reportIn 6 days (est.)Estimated from the same quarter last year
Results filedAug 6
Results filedApr 30
Results filedFeb 10
Results filedNov 4, 2025
Results filedAug 6, 2025
Flags and big holders
Offerings 6 months, flags 12 months, holders 90 days
No offerings, red flags or new big holders. Clean record.
Insider trades
Open-market buys and sells, last 90 days
No open-market buys or sells in 90 days. Grants and option exercises are left out.
"Owns after" is the insider's holding right after the trade. Pre-planned (10b5-1) sales are set up months ahead, a weaker signal.