The checklist Warren Buffett-style investors use. Annual numbers for 2025.
4/6Mixed
MissReturn on equity 15%+Earns a lot on the money owners have in the business.11.9%
PassDebt under half of equityNot relying on borrowed money.0.23x equity
PassNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.13.6%
MissProfitable every yearSteady profits, not one good year.8 of 10 years
PassFree cash flow positiveBrings in more cash than it spends to run and grow.$2.6B
PassShare count not growingNot diluting owners. Falling means buybacks.-6.9% in 3 years
Revenue
$15.5B
+4.7% vs prior year
5-year growth
+9.8%/yr
revenue, per year
Total debt
$4.3B
0.23x equity
Free cash flow
$2.6B
16.5% 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 Feb 4
Revenue
$4.0B
-0.1% YoY
EPS
$92.76
vs $49.67
Op. margin
38.8%
+11.3 pts
Free cash flow
$384.5M
Share count
-1.1%
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
0.5
vs normal
0.0x
SEC filings of any kind. 50 means a normal week.
Institutional ownership
■Steady+1.5%
Institutions added 1.5% to their holdings. 412 bought, 398 sold.
Shares held by institutions9.8M
Sep '24Jun '26
Safety check
From SEC filings
Share count growthYearly rate, last 3 years
-2.3%
Cash runwayAt last year's cash burn
Cash flow positive
Debt to equityLatest balance sheet: debt compared with what owners have
0.2x · $4.4B debt
Shares outstandingLatest reported
12M
Earnings reports
Last 10
Next reportDue any dayEstimated from the same quarter last year
Results filedFeb 4
Results filedOct 29, 2025
Results filedFeb 5, 2025
Results filedJan 31, 2024
Results filedFeb 1, 2023
Flags and big holders
Offerings 6 months, flags 12 months, holders 90 days