The checklist Warren Buffett-style investors use. Annual numbers for 2025.
5/6Strong
PassReturn on equity 15%+Earns a lot on the money owners have in the business.16.5%
MissDebt under half of equityNot relying on borrowed money.2.41x equity
PassNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.46.1%
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.$19.4B
PassShare count not growingNot diluting owners. Falling means buybacks.0.0% in 3 years
Revenue
$23.3B
-2.7% vs prior year
5-year growth
+6.9%/yr
revenue, per year
Total debt
$169.3B
2.41x equity
Free cash flow
$19.4B
83.2% 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 Jul 30
Revenue
$6.0B
+1.3% YoY
EPS
$0.00
vs -$0.01
Share count
0.0%
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
58/ 100
This week
2
Normal week
1.4
vs normal
1.4x
SEC filings of any kind. 50 means a normal week.
Institutional ownership
▲Accumulating+25.0%
Institutions added 25.0% to their holdings. 5 bought, 3 sold.
Shares held by institutions868K
Sep '24Jun '26
Safety check
From SEC filings
Share count growthYearly rate, last 3 years
0.0%
Cash runwayAt last year's cash burn
Cash flow positive
Debt to equityLatest balance sheet: debt compared with what owners have
2.1x · $163.7B debt
Shares outstandingLatest reported
650M
Why low risk
High debt: 2.11x equity
Earnings reports
Last 12
Next reportIn 2 days (est.)Estimated from the same quarter last year
Results filedJul 30
Results filedApr 30
Results filedFeb 12
Results filedOct 30, 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.