The checklist Warren Buffett-style investors use. Annual numbers for 2025.
4/6Mixed
PassReturn on equity 15%+Earns a lot on the money owners have in the business.47.8%
MissDebt under half of equityNot relying on borrowed money.1.63x equity
PassNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.21.5%
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.$3.2B
MissShare count not growingNot diluting owners. Falling means buybacks.+1.8% in 3 years
Revenue
$17.2B
+9.4% vs prior year
5-year growth
+9.2%/yr
revenue, per year
Total debt
$15.2B
1.63x equity
Free cash flow
$3.2B
18.7% 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 Jul 29
Revenue
$4.2B
+2.2% YoY
EPS
$2.58
vs $2.66
Op. margin
21.5%
+0.8 pts
Free cash flow
$483.0M
Share count
-1.6%
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
1.3
vs normal
0.0x
SEC filings of any kind. 50 means a normal week.
Institutional ownership
■Steady-62.7%
Institutions cut 62.7% from their holdings. 1 bought, 1 sold.
Shares held by institutions15K
Sep '24Jun '26
Safety check
From SEC filings
Share count growthYearly rate, last 3 years
+1.5%
Cash runwayAt last year's cash burn
Cash flow positive
Debt to equityLatest balance sheet: debt compared with what owners have
1.4x · $12.9B debt
Shares outstandingLatest reported
212M
Earnings reports
Last 12
Next reportIn 3 days (est.)Estimated from the same quarter last year
Results filedJul 29
Results filedMay 1
Results filedJan 30
Results filedOct 31, 2025
Results filedJul 25, 2025
Flags and big holders
Offerings 6 months, flags 12 months, holders 90 days