The checklist Warren Buffett-style investors use. Annual numbers for 2025.
4/6Mixed
PassReturn on equity 15%+Earns a lot on the money owners have in the business.42.9%
MissDebt under half of equityNot relying on borrowed money.0.61x equity
PassNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.32.3%
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.$3.4B
MissShare count not growingNot diluting owners. Falling means buybacks.+6.9% in 3 years
Revenue
$13.4B
+17.4% vs prior year
5-year growth
+10.9%/yr
revenue, per year
Total debt
$6.8B
0.61x equity
Current ratio
3.89x
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 21Before open9:20 am ET
Revenue
$4.7B
+39.1% YoY
Op. margin
59.9%
+7.5 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
50Mixed
1 insider sold $20K (not pre-planned)
50 is neutral. Buying by more insiders, top executives and bigger stakes raises it. Selling lowers it; pre-planned sales count less.
Weekly insider trend
13 weeks agoBoughtSoldThis week
Filing buzz
Last 7 days vs normal
39/ 100
This week
1
Normal week
1.7
vs normal
0.6x
SEC filings of any kind. 50 means a normal week.
Institutional ownership
■Steady+0.9%
Institutions added 0.9% to their holdings. 590 bought, 283 sold. 4 quarters of net buying in a row.
Shares held by institutions77.0M
Sep '24Jun '26
Safety check
From SEC filings
Share count growthYearly rate, last 3 years
+2.6%
Cash runwayAt last year's cash burn
Cash flow positive
Debt to equityLatest balance sheet: debt compared with what owners have
0.6x · $8.0B debt
Shares outstandingLatest reported
834M
Earnings reports
Last 12
Next reportAround Jan 27, 2027 (est.)Estimated from the same quarter last year
Results filedOct 21
Results filedJul 22
Results filedApr 29
Results filedJan 28
Results filedOct 29, 2025
Flags and big holders
Offerings 6 months, flags 12 months, holders 90 days