The checklist Warren Buffett-style investors use. Annual numbers for 2025.
4/6Mixed
MissDebt under half of equityNot relying on borrowed money.Owes more than it owns
PassNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.29.8%
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.$9.1B
PassShare count not growingNot diluting owners. Falling means buybacks.-6.7% in 3 years
PassGross margin 40%+Pricing power: sells for well above what it costs to make.62.5%
Revenue
$23.3B
-3.1% vs prior year
5-year growth
-2.3%/yr
revenue, per year
Total debt
$25.7B
Current ratio
0.65x
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 Jul 30
Revenue
$6.1B
+0.1% YoY
EPS
$1.37
vs $1.41
Op. margin
51.3%
-1.6 pts
Gross margin
62.5%
-0.6 pts
Free cash flow
$662.0M
Share count
-0.8%
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
▲Accumulating+4.2%
Institutions added 4.2% to their holdings. 1299 bought, 932 sold.
Shares held by institutions1.07B
Sep '24Jun '26
Safety check
From SEC filings
Share count growthYearly rate, last 3 years
-2.0%
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
1.7B
Earnings reports
Last 12
Next reportIn 1 days (est.)Estimated from the same quarter last year
Results filedJul 30
Results filedApr 30
Results filedJan 29
Results filedOct 30, 2025
Results filedJul 30, 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.
Latest filings
Straight from SEC EDGAR
Shares withheld for taxesKatie F PattersonVice President and Controller