The checklist Warren Buffett-style investors use. Annual numbers for 2025.
2/6Weak
MissDebt under half of equityNot relying on borrowed money.Owes more than it owns
MissNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.1.2%
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.$5.7B
PassShare count not growingNot diluting owners. Falling means buybacks.-12.7% in 3 years
MissGross margin 40%+Pricing power: sells for well above what it costs to make.3.6%
Revenue
$403.4B
+12.4% vs prior year
5-year growth
+11.1%/yr
revenue, per year
Total debt
$6.6B
Current ratio
0.88x
short-term assets / bills due
From annual reports filed with the SEC. Not in this company's SEC data, so not scored: return on equity 15%+. A checklist is a starting point for research, not a verdict.
Latest quarter
Quarter ended Jun 30, 2026
Reported Aug 5
Revenue
$105.4B
+7.7% YoY
EPS
$5.15
vs $6.25
Op. margin
1.3%
+0.2 pts
Gross margin
3.5%
+0.1 pts
Free cash flow
-$332.0M
Share count
-5.0%
vs a year ago
Insider rating
Last 90 days
45Mixed
Pre-planned sales of $797K (weaker signal)
50 is neutral. Buying by more insiders, top executives and bigger stakes raises it. Selling lowers it; pre-planned sales count less.
Weekly insider trend
13 weeks agoBoughtSoldThis week
Filing buzz
Last 7 days vs normal
0/ 100
This week
0
Normal week
1.8
vs normal
0.0x
SEC filings of any kind. 50 means a normal week.
Institutional ownership
■Steady-1.2%
Institutions cut 1.2% from their holdings. 842 bought, 967 sold. 4 quarters of net selling in a row.
Shares held by institutions105.5M
Sep '24Jun '26
Safety check
From SEC filings
Share count growthYearly rate, last 3 years
-4.6%
Cash runwayAt last year's cash burn
Cash flow positive
Debt to equityLatest balance sheet: debt compared with what owners have
Owes more than it owns
Shares outstandingLatest reported
117M
Earnings reports
Last 12
Next reportAround Nov 4 (est.)Estimated from the same quarter last year
Results filedAug 5
Results filedMay 7
Results filedFeb 4
Results filedNov 5, 2025
Results filedSep 18, 2025
Flags and big holders
Offerings 6 months, flags 12 months, holders 90 days
No offerings, red flags or new big holders. Clean record.