Buying back shares: share count down 23% in 3 years
Little debt
Watch out for
Losing money
Money moves
No insider buying or selling in the last 30 days
Institutions cut 1.3% from their holdings in the quarter ending June 2026 (147 bought, 224 sold)
Held by Ray Dalio (Bridgewater)
Facts from SEC filings, not a recommendation.
What the price means
Price as of Oct 26
$22.36-2.3% that day
Company value
$2.7B
Share price times all shares
Price vs sales
0.68x
No profit over the last year, so this compares value with sales instead
Dividend yield
1.3%
Yearly dividend as a share of today's price
Cash vs value
19%
Cash as a share of company value
Debt vs value
12%
Debt as a share of company value
From BTU's last IEX trade and its SEC filings (profits and sales over the last four quarters). A starting point for research, not a verdict.
The business over time
Last 12 quarters, from SEC filings
Sales, Jun '26
$1.0B+13% vs a year earlier
Sep '23Tap a barJun '26
Last 12 months: $4.0B, down 0.7% from the 12 months before. Over 5 years, sales grew about 6.0% a year.
What the price assumes
Your guesses, our math
Move the sliders to your own view of BTU. Starting points are the company's recent numbers (it isn't profitable yet, so the margin starts at a 10% guess).
Sales in 5 years$3.8B
Profit in 5 years$381M
Price these guesses point to$60.66+171% vs $22.36 todayAbout +22% a year, before dividends
What today's price needs: with a 10% margin and a 15x P/E, sales could shrink about 19% a year for 5 years and still match today's price.
Simple math on your guesses, not a forecast or a price target. Real results depend on many things these sliders leave out.
The checklist Warren Buffett-style investors use. Annual numbers for 2025.
2/6Weak
MissReturn on equity 15%+Earns a lot on the money owners have in the business.-1.2%
PassDebt under half of equityNot relying on borrowed money.0.09x equity
MissNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.-1.1%
MissProfitable every yearSteady profits, not one good year.5 of 9 years
MissFree cash flow positiveBrings in more cash than it spends to run and grow.-$77.7M
PassShare count not growingNot diluting owners. Falling means buybacks.-22.5% in 3 years
Revenue
$3.9B
-8.9% vs prior year
5-year growth
+6.0%/yr
revenue, per year
Total debt
$321.2M
0.09x equity
Current ratio
1.85x
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 Jul 29
Revenue
$1.0B
+12.7% YoY
EPS
-$0.74
vs -$0.23
Op. margin
-10.5%
-6.2 pts
Free cash flow
-$1.4M
Share count
+0.2%
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
1.8
vs normal
0.0x
SEC filings of any kind. 50 means a normal week.
Institutional ownership
■Steady-1.3%
Institutions cut 1.3% from their holdings. 147 bought, 224 sold. 2 quarters of net selling in a row.
Shares held by institutions111.9M
Sep '24Jun '26
Safety check
From SEC filings
Share count growthYearly rate, last 3 years
-2.8%
Cash runwayAt last year's cash burn
Cash flow positive
Debt to equityLatest balance sheet: debt compared with what owners have
0.1x · $325.5M debt
Shares outstandingLatest reported
122M
Why moderate risk
Losing money
1 offering filing in 6 months (may sell new shares)
Earnings reports
Last 12
Next reportIn 1 days (est.)Estimated from the same quarter last year
Results filedJul 29
Results filedMay 5
Results filedFeb 5
Results filedOct 30, 2025
Results filedJul 31, 2025
Flags and big holders
Offerings 6 months, flags 12 months, holders 90 days