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.9.9%
MissDebt under half of equityNot relying on borrowed money.1.72x equity
PassNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.11.4%
PassProfitable every yearSteady profits, not one good year.10 of 10 years
MissFree cash flow positiveBrings in more cash than it spends to run and grow.-$2.3B
MissShare count not growingNot diluting owners. Falling means buybacks.+2.5% in 3 years
Revenue
$24.3B
+5.3% vs prior year
5-year growth
+7.8%/yr
revenue, per year
Total debt
$49.4B
1.72x equity
Current ratio
0.92x
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 30
Revenue
$7.2B
+7.9% YoY
EPS
$0.90
vs $0.90
Op. margin
22.2%
-0.7 pts
Free cash flow
-$634.0M
Share count
+1.7%
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
0.6
vs normal
0.0x
SEC filings of any kind. 50 means a normal week.
Institutional ownership
▲Accumulating+5.6%
Institutions added 5.6% to their holdings. 680 bought, 467 sold.
Shares held by institutions950.4M
Sep '24Jun '26
Safety check
From SEC filings
Share count growthYearly rate, last 3 years
+0.9%
Cash runwayAt last year's cash burn
Cash flow positive
Debt to equityLatest balance sheet: debt compared with what owners have
1.6x · $47.9B debt
Shares outstandingLatest reported
1.0B
Earnings reports
Last 12
Next reportIn 7 days (est.)Estimated from the same quarter last year
Results filedJul 30
Results filedMay 6
Results filedFeb 12
Results filedNov 4, 2025
Results filedJul 31, 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.