The checklist Warren Buffett-style investors use. Annual numbers for 2025.
4/6Mixed
PassReturn on equity 15%+Earns a lot on the money owners have in the business.76.1%
MissDebt under half of equityNot relying on borrowed money.2.68x equity
PassNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.13.0%
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.$1.4B
PassShare count not growingNot diluting owners. Falling means buybacks.-4.6% in 3 years
Revenue
$24.9B
+1.5% vs prior year
5-year growth
-5.0%/yr
revenue, per year
Total debt
$12.6B
2.68x equity
Current ratio
1.71x
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 Sep 30, 2026
Reported Oct 20Before open6:35 am ET
Revenue
$6.6B
+1.0% YoY
EPS
$2.63
vs $1.55
Op. margin
23.7%
+1.5 pts
Gross margin
42.3%
+0.5 pts
Free cash flow
$230.0M
Share count
-2.9%
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
2.0
vs normal
0.0x
SEC filings of any kind. 50 means a normal week.
Institutional ownership
■Steady+0.8%
Institutions added 0.8% to their holdings. 883 bought, 945 sold.
Shares held by institutions387.5M
Sep '24Jun '26
Safety check
From SEC filings
Share count growthYearly rate, last 3 years
-2.2%
Cash runwayAt last year's cash burn
Cash flow positive
Debt to equityLatest balance sheet: debt compared with what owners have
3.6x · $15.0B debt
Shares outstandingLatest reported
517M
Why low risk
High debt: 3.63x equity
Earnings reports
Last 12
Next reportAround Jan 19, 2027 (est.)Estimated from the same quarter last year
Results filedOct 20
Results filedJul 21
Results filedApr 21
Results filedJan 20
Results filedOct 21, 2025
Flags and big holders
Offerings 6 months, flags 12 months, holders 90 days