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.10.8%
PassDebt under half of equityNot relying on borrowed money.0.15x equity
MissNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.9.1%
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.$3.1B
MissShare count not growingNot diluting owners. Falling means buybacks.+7.2% in 3 years
Revenue
$17.5B
+1.2% vs prior year
5-year growth
+12.8%/yr
revenue, per year
Total debt
$2.4B
0.15x equity
Free cash flow
$3.1B
17.5% 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 29
Revenue
$4.0B
-11.8% YoY
EPS
$14.22
vs $16.10
Free cash flow
$290.0M
Share count
-7.2%
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+6.4%
Institutions added 6.4% to their holdings. 339 bought, 315 sold.
Shares held by institutions38.9M
Sep '24Jun '26
Safety check
From SEC filings
Share count growthYearly rate, last 3 years
-4.1%
Cash runwayAt last year's cash burn
Cash flow positive
Debt to equityLatest balance sheet: debt compared with what owners have
0.1x · $2.4B debt
Shares outstandingLatest reported
38M
Earnings reports
Last 12
Next reportDue any dayEstimated from the same quarter last year
Results filedJul 29
Results filedApr 29
Results filedFeb 4
Results filedOct 27, 2025
Results filedJul 30, 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.