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.7.5%
MissDebt under half of equityNot relying on borrowed money.2.56x equity
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.$1.5B
PassShare count not growingNot diluting owners. Falling means buybacks.-32.9% in 3 years
Revenue
$17.5B
+1.7% vs prior year
5-year growth
+27.7%/yr
revenue, per year
Total debt
$6.2B
2.56x equity
Current ratio
1.23x
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 Jun 30, 2026
Reported Jul 29
Revenue
$4.5B
+1.0% YoY
EPS
$1.11
vs $0.18
Op. margin
11.3%
+2.1 pts
Free cash flow
$317.4M
Share count
-6.5%
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
2.1
vs normal
0.0x
SEC filings of any kind. 50 means a normal week.
Institutional ownership
▼Distributing-5.3%
Institutions cut 5.3% from their holdings. 296 bought, 305 sold. 4 quarters of net selling in a row.
Shares held by institutions160.4M
Sep '24Jun '26
Safety check
From SEC filings
Share count growthYearly rate, last 3 years
-10.5%
Cash runwayAt last year's cash burn
Cash flow positive
Debt to equityLatest balance sheet: debt compared with what owners have
2.4x · $6.1B debt
Shares outstandingLatest reported
252M
Why low risk
High debt: 2.41x equity
Earnings reports
Last 12
Next reportIn 1 days (est.)Estimated from the same quarter last year
Results filedJul 29
Results filedApr 29
Results filedFeb 5
Results filedFeb 4
Results filedOct 29, 2025
Flags and big holders
Offerings 6 months, flags 12 months, holders 90 days