The checklist Warren Buffett-style investors use. Annual numbers for 2025.
4/6Mixed
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.1.61x equity
PassNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.23.1%
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.$2.2B
PassShare count not growingNot diluting owners. Falling means buybacks.-16.4% in 3 years
Revenue
$9.5B
-2.2% vs prior year
Total debt
$35.8B
1.61x equity
Free cash flow
$2.2B
23.2% 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 Oct 23Before open6:31 am ET
From the press release
Net income for the third quarter of 2026 (“current quarter”) was $606 million, compared to $672 million for the second quarter of 2026 (“linked quarter”).
Net income available to common stockholders for the current quarter was $577 million, or $51.23 per common share, a $63 million decrease from $640 million, or $55.52 per common share, in the linked quarter.
Adjusted net income for the current quarter was $652 million, compared to $691 million for the linked quarter.
The numbers below are the quarter before. The new quarter's full numbers come with the 10-Q. Read the press release ↗
Revenue
$2.4B
+2.5% YoY
EPS
$55.52
vs $42.36
Free cash flow
$941.0M
Share count
-12.9%
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
50/ 100
This week
1
Normal week
1.0
vs normal
1.0x
SEC filings of any kind. 50 means a normal week.
Institutional ownership
▼Distributing-3.7%
Institutions cut 3.7% from their holdings. 255 bought, 279 sold. 7 quarters of net selling in a row.
Shares held by institutions6.7M
Sep '24Jun '26
Safety check
From SEC filings
Share count growthYearly rate, last 3 years
-7.4%
Cash runwayAt last year's cash burn
Cash flow positive
Debt to equityLatest balance sheet: debt compared with what owners have
1.5x · $32.0B debt
Shares outstandingLatest reported
12M
Earnings reports
Last 12
Next reportAround Jan 22, 2027 (est.)Estimated from the same quarter last year
Results filedOct 23
Results filedJul 23
Results filedApr 23
Results filedJan 23
Results filedOct 23, 2025
Flags and big holders
Offerings 6 months, flags 12 months, holders 90 days