The checklist Warren Buffett-style investors use. Annual numbers for 2025.
3/6Mixed
MissReturn on equity 15%+Earns a lot on the money owners have in the business.11.3%
MissDebt under half of equityNot relying on borrowed money.1.64x equity
PassNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.18.6%
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.$1.2B
MissShare count not growingNot diluting owners. Falling means buybacks.+2.6% in 3 years
Revenue
$4.4B
+9.6% vs prior year
5-year growth
+5.0%/yr
revenue, per year
Total debt
$12.0B
1.64x equity
Current ratio
0.80x
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 31
Revenue
$1.2B
+5.0% YoY
EPS
$0.87
vs $0.83
Op. margin
21.0%
-1.8 pts
Gross margin
86.6%
+0.6 pts
Free cash flow
$26.0M
Share count
+0.6%
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
0.9
vs normal
0.0x
SEC filings of any kind. 50 means a normal week.
Institutional ownership
▲Accumulating+6.2%
Institutions added 6.2% to their holdings. 452 bought, 316 sold. 5 quarters of net buying in a row.
Shares held by institutions253.4M
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
1.5x · $11.0B debt
Shares outstandingLatest reported
258M
Earnings reports
Last 12
Next reportAround Nov 6 (est.)Estimated from the same quarter last year
Results filedJul 31
Results filedMay 1
Results filedFeb 20
Results filedNov 7, 2025
Results filedAug 8, 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.