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.10.7%
MissDebt under half of equityNot relying on borrowed money.1.59x equity
PassNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.18.1%
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.$5.4B
MissShare count not growingNot diluting owners. Falling means buybacks.+3.7% in 3 years
Revenue
$16.5B
+14.3% vs prior year
5-year growth
+6.8%/yr
revenue, per year
Total debt
$46.3B
1.59x equity
Current ratio
0.77x
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 Mar 31, 2026
Reported Jul 31
Revenue
$5.0B
+23.1% YoY
EPS
$0.69
vs $0.77
Op. margin
27.7%
-2.3 pts
Free cash flow
$882.0M
Share count
+3.3%
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
37/ 100
This week
2
Normal week
3.3
vs normal
0.6x
SEC filings of any kind. 50 means a normal week.
Institutional ownership
▲Accumulating+2.3%
Institutions added 2.3% to their holdings. 748 bought, 617 sold.
Shares held by institutions712.6M
Sep '24Jun '26
Safety check
From SEC filings
Share count growthYearly rate, last 3 years
+1.7%
Cash runwayAt last year's cash burn
Cash flow positive
Debt to equityLatest balance sheet: debt compared with what owners have
1.6x · $45.1B debt
Shares outstandingLatest reported
879M
Earnings reports
Last 12
Next reportIn 2 days (est.)Estimated from the same quarter last year
Results filedJul 31
Results filedMay 1
Results filedFeb 23
Results filedOct 31, 2025
Results filedAug 1, 2025
Flags and big holders
Offerings 6 months, flags 12 months, holders 90 days