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.9.5%
MissDebt under half of equityNot relying on borrowed money.0.96x equity
PassNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.18.5%
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.-$577.5M
MissShare count not growingNot diluting owners. Falling means buybacks.+8.1% in 3 years
Revenue
$1.7B
-1.2% vs prior year
5-year growth
+6.3%/yr
revenue, per year
Total debt
$3.3B
0.96x equity
Current ratio
1.08x
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 Dec 31, 2025
Reported Jul 30
Revenue
$360.1M
-4.2% YoY
EPS
$0.77
vs $0.68
Op. margin
14.9%
+3.9 pts
Free cash flow
-$216.2M
Share count
+1.7%
vs a year ago
Some values are worked out from year-to-date totals in the annual report.
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
0.2
vs normal
0.0x
SEC filings of any kind. 50 means a normal week.
Institutional ownership
▲Accumulating+5.7%
Institutions added 5.7% to their holdings. 276 bought, 210 sold. 7 quarters of net buying in a row.
Shares held by institutions61.3M
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
1.0x · $3.4B debt
Shares outstandingLatest reported
55M
Earnings reports
Last 12
Next reportIn 2 days (est.)Estimated from the same quarter last year
Results filedJul 30
Results filedApr 30
Results filedFeb 19
Results filedOct 30, 2025
Results filedJul 31, 2025
Flags and big holders
Offerings 6 months, flags 12 months, holders 90 days