The checklist Warren Buffett-style investors use. Annual numbers for 2025.
1/6Weak
MissReturn on equity 15%+Earns a lot on the money owners have in the business.11.1%
MissDebt under half of equityNot relying on borrowed money.1.79x equity
PassNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.13.7%
MissProfitable every yearSteady profits, not one good year.9 of 10 years
MissFree cash flow positiveBrings in more cash than it spends to run and grow.-$2.5B
MissShare count not growingNot diluting owners. Falling means buybacks.+9.5% in 3 years
Revenue
$12.9B
+9.0% vs prior year
5-year growth
+5.1%/yr
revenue, per year
Total debt
$30.3B
1.79x equity
Current ratio
0.74x
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 29
Revenue
$3.2B
+12.0% YoY
EPS
$0.83
vs $0.82
Op. margin
18.0%
-6.6 pts
Free cash flow
-$1.4B
Share count
+5.0%
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
2.1
vs normal
0.0x
SEC filings of any kind. 50 means a normal week.
Institutional ownership
▲Accumulating+5.8%
Institutions added 5.8% to their holdings. 676 bought, 486 sold.
Shares held by institutions457.1M
Sep '24Jun '26
Safety check
From SEC filings
Share count growthYearly rate, last 3 years
+2.8%
Cash runwayAt last year's cash burn
Cash flow positive
Debt to equityLatest balance sheet: debt compared with what owners have
1.9x · $32.7B debt
Shares outstandingLatest reported
458M
Earnings reports
Last 12
Next reportIn 1 days (est.)Estimated from the same quarter last year
Results filedJul 29
Results filedApr 29
Results filedFeb 12
Results filedOct 29, 2025
Results filedJul 30, 2025
Flags and big holders
Offerings 6 months, flags 12 months, holders 90 days