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.8.9%
MissDebt under half of equityNot relying on borrowed money.0.51x equity
MissNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.5.1%
MissProfitable every yearSteady profits, not one good year.9 of 10 years
PassFree cash flow positiveBrings in more cash than it spends to run and grow.$675.7M
PassShare count not growingNot diluting owners. Falling means buybacks.-15.2% in 3 years
Revenue
$4.5B
+0.9% vs prior year
5-year growth
+3.3%/yr
revenue, per year
Total debt
$1.3B
0.51x equity
Free cash flow
$675.7M
15.1% 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 30
Revenue
$1.3B
+11.6% YoY
EPS
$1.33
vs $0.91
Op. margin
11.7%
+1.9 pts
Free cash flow
$156.6M
Share count
-5.4%
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
1.2
vs normal
0.0x
SEC filings of any kind. 50 means a normal week.
Institutional ownership
■Steady+1.1%
Institutions added 1.1% to their holdings. 191 bought, 141 sold.
Shares held by institutions88.6M
Sep '24Jun '26
Safety check
From SEC filings
Share count growthYearly rate, last 3 years
-6.4%
Cash runwayAt last year's cash burn
Cash flow positive
Debt to equityLatest balance sheet: debt compared with what owners have
0.5x · $1.3B debt
Shares outstandingLatest reported
93M
Earnings reports
Last 12
Next reportIn 6 days (est.)Estimated from the same quarter last year
Results filedJul 30
Results filedApr 30
Results filedFeb 5
Results filedNov 3, 2025
Results filedJul 28, 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.