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.19.7%
MissDebt under half of equityNot relying on borrowed money.7.60x equity
PassNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.13.2%
PassProfitable every yearSteady profits, not one good year.10 of 10 years
PassFree cash flow positiveBrings in more cash than it spends to run and grow.$73.4M
PassShare count not growingNot diluting owners. Falling means buybacks.+0.2% in 3 years
Revenue
$213.2M
-5.8% vs prior year
5-year growth
+1.4%/yr
revenue, per year
Total debt
$829.5M
7.60x equity
Free cash flow
$73.4M
34.5% of revenue
From annual reports filed with the SEC. Not in this company's SEC data, so not scored: gross margin 40%+. A checklist is a starting point for research, not a verdict.
Latest quarter
Quarter ended Jun 30, 2026
Revenue
$54.7M
+6.1% YoY
EPS
$30.24
vs $1.19
Free cash flow
$6.2M
Share count
+0.1%
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
0.1
vs normal
0.0x
SEC filings of any kind. 50 means a normal week.
Institutional ownership
▲Accumulating+3.2%
Institutions added 3.2% to their holdings. 70 bought, 64 sold. 4 quarters of net buying in a row.
Shares held by institutions2.0M
Sep '24Jun '26
Safety check
From SEC filings
Share count growthYearly rate, last 3 years
0.0%
Cash runwayAt last year's cash burn
Cash flow positive
Debt to equityLatest balance sheet: debt compared with what owners have
3.7x · $834.6M debt
Shares outstandingLatest reported
5M
Why low risk
High debt: 3.73x equity
Earnings reports
Last 0
Next reportNot enough history
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.