The checklist Warren Buffett-style investors use. Annual numbers for 2025.
5/6Strong
PassReturn on equity 15%+Earns a lot on the money owners have in the business.39.1%
PassDebt under half of equityNot relying on borrowed money.0.24x equity
PassNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.15.0%
MissProfitable every yearSteady profits, not one good year.8 of 10 years
PassFree cash flow positiveBrings in more cash than it spends to run and grow.$9.9B
PassShare count not growingNot diluting owners. Falling means buybacks.-1.5% in 3 years
Revenue
$67.7B
+5.6% vs prior year
5-year growth
+10.1%/yr
revenue, per year
Total debt
$7.5B
0.24x equity
Free cash flow
$9.9B
14.6% 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
$18.6B
+11.8% YoY
EPS
$12.51
vs $7.76
Free cash flow
$2.6B
Share count
-3.3%
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
0/ 100
This week
0
Normal week
1.6
vs normal
0.0x
SEC filings of any kind. 50 means a normal week.
Institutional ownership
■Steady+0.1%
Institutions added 0.1% to their holdings. 833 bought, 634 sold. 3 quarters of net buying in a row.
Shares held by institutions212.5M
Sep '24Jun '26
Safety check
From SEC filings
Share count growthYearly rate, last 3 years
-1.1%
Cash runwayAt last year's cash burn
Cash flow positive
Debt to equityLatest balance sheet: debt compared with what owners have
0.2x · $7.5B debt
Shares outstandingLatest reported
253M
Earnings reports
Last 12
Next reportAround Nov 4 (est.)Estimated from the same quarter last year
Results filedAug 5
Results filedApr 29
Results filedFeb 4
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.
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.