The checklist Warren Buffett-style investors use. Annual numbers for 2025.
6/6Strong
PassReturn on equity 15%+Earns a lot on the money owners have in the business.25.7%
PassDebt under half of equityNot relying on borrowed money.0.49x equity
PassNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.15.8%
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.$5.6B
PassShare count not growingNot diluting owners. Falling means buybacks.-16.4% in 3 years
Revenue
$33.2B
+4.3% vs prior year
5-year growth
+9.1%/yr
revenue, per year
Total debt
$10.0B
0.49x equity
Free cash flow
$5.6B
16.8% 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 Jul 1, 2026
Reported Oct 27Before open7:02 am ET
Revenue
$8.6B
+2.0% YoY
EPS
$1.25
vs $1.30
Op. margin
16.3%
-1.8 pts
From the press release, checked against last year's SEC filing. Cash flow and share count update 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
0/ 100
This week
1
Normal week
1.9
vs normal
0.5x
SEC filings of any kind. 50 means a normal week.
Institutional ownership
■Steady+1.1%
Institutions added 1.1% to their holdings. 492 bought, 873 sold.
Shares held by institutions653.2M
Sep '24Jun '26
Safety check
From SEC filings
Share count growthYearly rate, last 3 years
-7.5%
Cash runwayAt last year's cash burn
Cash flow positive
Debt to equityLatest balance sheet: debt compared with what owners have
0.5x · $10.9B debt
Shares outstandingLatest reported
882M
Earnings reports
Last 12
Next reportAround Feb 2, 2027 (est.)Estimated from the same quarter last year
Results filedOct 27
Results filedJul 28
Results filedMay 5
Results filedFeb 3
Results filedOct 28, 2025
Flags and big holders
Offerings 6 months, flags 12 months, holders 90 days