The checklist Warren Buffett-style investors use. Annual numbers for 2025.
5/6Strong
MissDebt under half of equityNot relying on borrowed money.145.17x equity
PassNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.10.5%
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.$4.2B
PassShare count not growingNot diluting owners. Falling means buybacks.-3.3% in 3 years
PassGross margin 40%+Pricing power: sells for well above what it costs to make.60.1%
Revenue
$20.4B
+1.4% vs prior year
5-year growth
+4.4%/yr
revenue, per year
Total debt
$7.8B
145.17x equity
Current ratio
0.83x
short-term assets / bills due
From annual reports filed with the SEC. Not in this company's SEC data, so not scored: return on equity 15%+. A checklist is a starting point for research, not a verdict.
Latest quarter
Quarter ended Jun 30, 2026
Reported Jul 31
Revenue
$5.4B
+4.9% YoY
EPS
$0.86
vs $0.91
Op. margin
19.0%
-2.1 pts
Gross margin
61.5%
+1.4 pts
Free cash flow
$867.0M
Share count
-1.4%
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
2.3
vs normal
0.0x
SEC filings of any kind. 50 means a normal week.
Institutional ownership
■Steady+1.2%
Institutions added 1.2% to their holdings. 884 bought, 815 sold. 2 quarters of net buying in a row.
Shares held by institutions680.6M
Sep '24Jun '26
Safety check
From SEC filings
Share count growthYearly rate, last 3 years
-1.2%
Cash runwayAt last year's cash burn
Cash flow positive
Debt to equityLatest balance sheet: debt compared with what owners have
33.1x · $7.8B debt
Shares outstandingLatest reported
797M
Why low risk
High debt: 33.15x equity
Earnings reports
Last 12
Next reportIn 3 days (est.)Estimated from the same quarter last year
Results filedJul 31
Results filedMay 1
Results filedJan 30
Results filedOct 31, 2025
Results filedAug 1, 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.