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.14.1%
MissDebt under half of equityNot relying on borrowed money.0.60x equity
PassNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.20.5%
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.$2.4B
MissShare count not growingNot diluting owners. Falling means buybacks.+3.7% in 3 years
Revenue
$3.7B
+5.5% vs prior year
5-year growth
+33.8%/yr
revenue, per year
Total debt
$3.4B
0.60x equity
Current ratio
0.79x
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 Aug 5
Revenue
$1.2B
+32.5% YoY
EPS
$3.15
vs $1.21
Op. margin
48.7%
+16.5 pts
Free cash flow
$937.1M
Share count
-0.2%
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
50/ 100
This week
1
Normal week
1.0
vs normal
1.0x
SEC filings of any kind. 50 means a normal week.
Institutional ownership
▲Accumulating+2.8%
Institutions added 2.8% to their holdings. 266 bought, 224 sold. 2 quarters of net buying in a row.
Shares held by institutions120.2M
Sep '24Jun '26
Safety check
From SEC filings
Share count growthYearly rate, last 3 years
+1.3%
Cash runwayAt last year's cash burn
Cash flow positive
Debt to equityLatest balance sheet: debt compared with what owners have
0.7x · $4.2B debt
Shares outstandingLatest reported
124M
Earnings reports
Last 12
Next reportDue any dayEstimated from the same quarter last year
Results filedAug 5
Results filedMay 6
Results filedFeb 24
Results filedOct 21, 2025
Results filedJul 22, 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.