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.28.4%
MissDebt under half of equityNot relying on borrowed money.1.64x equity
PassNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.10.3%
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.$295.3M
PassShare count not growingNot diluting owners. Falling means buybacks.+0.2% in 3 years
Revenue
$3.2B
+18.3% vs prior year
5-year growth
+8.5%/yr
revenue, per year
Total debt
$2.0B
1.64x equity
Current ratio
2.32x
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 3
Revenue
$901.6M
+18.0% YoY
EPS
$0.97
vs $0.85
Op. margin
12.7%
-0.7 pts
Gross margin
22.4%
-2.7 pts
Free cash flow
$115.0M
Share count
+0.3%
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
1.2
vs normal
0.0x
SEC filings of any kind. 50 means a normal week.
Institutional ownership
■Steady-0.5%
Institutions cut 0.5% from their holdings. 427 bought, 363 sold. 4 quarters of net selling in a row.
Shares held by institutions84.7M
Sep '24Jun '26
Safety check
From SEC filings
Share count growthYearly rate, last 3 years
+0.1%
Cash runwayAt last year's cash burn
Cash flow positive
Debt to equityLatest balance sheet: debt compared with what owners have
1.5x · $2.0B debt
Shares outstandingLatest reported
92M
Earnings reports
Last 12
Next reportIn 6 days (est.)Estimated from the same quarter last year
Results filedAug 3
Results filedMay 4
Results filedFeb 23
Results filedNov 3, 2025
Results filedAug 4, 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.