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.-0.7%
MissDebt under half of equityNot relying on borrowed money.0.77x equity
MissNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.-0.3%
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.$2.8B
PassShare count not growingNot diluting owners. Falling means buybacks.-1.0% in 3 years
Revenue
$17.3B
+10.1% vs prior year
5-year growth
+5.6%/yr
revenue, per year
Total debt
$9.3B
0.77x equity
Current ratio
0.93x
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 22After close4:06 pm ET
Revenue
$6.4B
+59.1% YoY
EPS
$2.38
vs $1.75
Op. margin
15.4%
+2.3 pts
Gross margin
21.2%
+2.5 pts
Free cash flow
$912.5M
Share count
+41.3%
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
53/ 100
This week
2
Normal week
1.8
vs normal
1.1x
SEC filings of any kind. 50 means a normal week.
Institutional ownership
▼Distributing-2.3%
Institutions cut 2.3% from their holdings. 452 bought, 609 sold. 2 quarters of net selling in a row.
Shares held by institutions298.6M
Sep '24Jun '26
Safety check
From SEC filings
Share count growthYearly rate, last 3 years
+11.2%
Cash runwayAt last year's cash burn
Cash flow positive
Debt to equityLatest balance sheet: debt compared with what owners have
1.0x · $10.0B debt
Shares outstandingLatest reported
273M
Why elevated risk
Losing money
Share count growing 11.2% a year (dilution)
Bills due within a year exceed short-term assets
Earnings reports
Last 12
Next reportAround Feb 17, 2027 (est.)Estimated from the same quarter last year
Results filedOct 22
Results filedJul 28
Results filedApr 28
Results filedFeb 18
Results filedOct 21, 2025
Flags and big holders
Offerings 6 months, flags 12 months, holders 90 days