The checklist Warren Buffett-style investors use. Annual numbers for 2025.
3/6Mixed
MissReturn on equity 15%+Earns a lot on the money owners have in the business.5.9%
MissDebt under half of equityNot relying on borrowed money.0.71x equity
PassNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.21.5%
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.$2.4B
MissShare count not growingNot diluting owners. Falling means buybacks.+16.7% in 3 years
Revenue
$6.1B
+10.0% vs prior year
5-year growth
+9.4%/yr
revenue, per year
Total debt
$16.2B
0.71x equity
Free cash flow
$2.4B
39.5% of revenue
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 23
Revenue
$1.6B
+16.2% YoY
EPS
$0.46
vs $0.27
Op. margin
16.4%
+2.4 pts
Free cash flow
$532.4M
Share count
+2.5%
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
0.9
vs normal
0.0x
SEC filings of any kind. 50 means a normal week.
Institutional ownership
▲Accumulating+18.1%
Institutions added 18.1% to their holdings. 725 bought, 447 sold.
Shares held by institutions378.9M
Sep '24Jun '26
Safety check
From SEC filings
Share count growthYearly rate, last 3 years
+6.5%
Cash runwayAt last year's cash burn
Cash flow positive
Debt to equityLatest balance sheet: debt compared with what owners have
0.7x · $16.0B debt
Shares outstandingLatest reported
351M
Why moderate risk
Share count growing 6.5% a year
3 offering filings in 6 months (may sell new shares)
Earnings reports
Last 12
Next reportDue any dayEstimated from the same quarter last year
Results filedJul 23
Results filedApr 23
Results filedFeb 5
Results filedOct 23, 2025
Results filedJul 24, 2025
Flags and big holders
Offerings 6 months, flags 12 months, holders 90 days