The checklist Warren Buffett-style investors use. Annual numbers for 2025.
3/6Mixed
MissReturn on equity 15%+Earns a lot on the money owners have in the business.8.9%
MissDebt under half of equityNot relying on borrowed money.0.67x equity
PassNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.25.5%
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.$2.0B
MissShare count not growingNot diluting owners. Falling means buybacks.+16.3% in 3 years
Revenue
$4.7B
+12.9% vs prior year
5-year growth
+10.8%/yr
revenue, per year
Total debt
$9.6B
0.67x equity
Current ratio
1.13x
short-term assets / bills due
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
Reported Aug 5
Revenue
$879.1M
+4.8% YoY
EPS
$1.43
vs $1.16
Op. margin
36.4%
+6.3 pts
Free cash flow
-$399.4M
Share count
+5.1%
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
1.3
vs normal
0.0x
SEC filings of any kind. 50 means a normal week.
Institutional ownership
■Steady+1.9%
Institutions added 1.9% to their holdings. 534 bought, 436 sold.
Shares held by institutions163.1M
Sep '24Jun '26
Safety check
From SEC filings
Share count growthYearly rate, last 3 years
+4.4%
Cash runwayAt last year's cash burn
Cash flow positive
Debt to equityLatest balance sheet: debt compared with what owners have
0.6x · $9.7B debt
Shares outstandingLatest reported
169M
Earnings reports
Last 12
Next reportAround Nov 4 (est.)Estimated from the same quarter last year
Results filedAug 5
Results filedMay 6
Results filedFeb 3
Results filedNov 5, 2025
Results filedAug 6, 2025
Flags and big holders
Offerings 6 months, flags 12 months, holders 90 days