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.12.2%
MissDebt under half of equityNot relying on borrowed money.0.94x equity
PassNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.30.3%
PassProfitable every yearSteady profits, not one good year.10 of 10 years
PassFree cash flow positiveBrings in more cash than it spends to run and grow.$4.4B
PassShare count not growingNot diluting owners. Falling means buybacks.-3.9% in 3 years
Revenue
$23.1B
+7.2% vs prior year
5-year growth
+6.4%/yr
revenue, per year
Total debt
$57.1B
0.94x equity
Free cash flow
$4.4B
19.0% 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
New results, as stated in the press release
Reported Oct 15Before open6:46 am ET
Revenue
$6.6B
-5.0% YoY
Revenue and EPS as the company states them. Margins, cash flow and share count fill in with the 10-Q.
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
▲Accumulating+2.5%
Institutions added 2.5% to their holdings. 1002 bought, 757 sold.
Shares held by institutions335.6M
Sep '24Jun '26
Safety check
From SEC filings
Share count growthYearly rate, last 3 years
+0.1%
Cash runwayAt last year's cash burn
Cash flow positive
Debt to equityLatest balance sheet: debt compared with what owners have
1.3x · $85.7B debt
Shares outstandingLatest reported
399M
Earnings reports
Last 12
Next reportAround Jan 15, 2027 (est.)Estimated from the same quarter last year
Results filedOct 15
Results filedJul 15
Results filedApr 15
Results filedJan 16
Results filedNov 7, 2025
Flags and big holders
Offerings 6 months, flags 12 months, holders 90 days