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.11.9%
MissDebt under half of equityNot relying on borrowed money.0.58x equity
MissNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.5.9%
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.$6.3B
PassShare count not growingNot diluting owners. Falling means buybacks.-5.0% in 3 years
Revenue
$60.8B
-13.7% vs prior year
5-year growth
+1.3%/yr
revenue, per year
Total debt
$18.9B
0.58x equity
Free cash flow
$6.3B
10.3% 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
Quarter ended Jun 30, 2026
Reported Oct 15After close4:22 pm ET
The numbers below are the quarter before. The new quarter's full numbers come with the 10-Q. Read the press release ↗
Revenue
$15.7B
+14.1% YoY
EPS
$2.80
vs $1.48
Free cash flow
$2.3B
Share count
-1.9%
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
3.1
vs normal
0.0x
SEC filings of any kind. 50 means a normal week.
Institutional ownership
■Steady+1.3%
Institutions added 1.3% to their holdings. 671 bought, 546 sold. 4 quarters of net buying in a row.
Shares held by institutions218.8M
Sep '24Jun '26
Safety check
From SEC filings
Share count growthYearly rate, last 3 years
-1.7%
Cash runwayAt last year's cash burn
Cash flow positive
Debt to equityLatest balance sheet: debt compared with what owners have
0.6x · $19.7B debt
Shares outstandingLatest reported
345M
Why low risk
Revenue down 13.7% from the year before
Earnings reports
Last 12
Next reportAround Jan 14, 2027 (est.)Estimated from the same quarter last year
Results filedOct 15
Results filedAug 4
Results filedJul 15
Results filedMay 5
Results filedApr 21
Flags and big holders
Offerings 6 months, flags 12 months, holders 90 days