The checklist Warren Buffett-style investors use. Annual numbers for 2025.
3/6Mixed
PassReturn on equity 15%+Earns a lot on the money owners have in the business.91.6%
MissDebt under half of equityNot relying on borrowed money.4.80x equity
MissNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.8.8%
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.$3.1B
PassShare count not growingNot diluting owners. Falling means buybacks.-18.4% in 3 years
Revenue
$14.7B
+7.6% vs prior year
5-year growth
+23.2%/yr
revenue, per year
Total debt
$6.2B
4.80x equity
Current ratio
0.73x
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 Jun 30, 2026
Reported Aug 5
Revenue
$4.3B
+14.0% YoY
EPS
$7.16
vs $2.48
Op. margin
18.5%
+5.7 pts
Free cash flow
$1.3B
Share count
-7.7%
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
1.6
vs normal
0.0x
SEC filings of any kind. 50 means a normal week.
Institutional ownership
▲Accumulating+7.9%
Institutions added 7.9% to their holdings. 584 bought, 477 sold.
Shares held by institutions120.6M
Sep '24Jun '26
Safety check
From SEC filings
Share count growthYearly rate, last 3 years
-6.2%
Cash runwayAt last year's cash burn
Cash flow positive
Debt to equityLatest balance sheet: debt compared with what owners have
4.5x · $5.5B debt
Shares outstandingLatest reported
114M
Why low risk
High debt: 4.52x equity
Earnings reports
Last 12
Next reportAround Nov 5 (est.)Estimated from the same quarter last year
Results filedAug 5
Results filedMay 7
Results filedFeb 12
Results filedNov 6, 2025
Results filedAug 7, 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.
Latest filings
Straight from SEC EDGAR
Option exerciseRobert J DzielakChief Legal Officer & Sec'y