The checklist Warren Buffett-style investors use. Annual numbers for 2025.
2/5Weak
MissReturn on equity 15%+Earns a lot on the money owners have in the business.14.2%
MissNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.0.2%
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.$4.3B
MissShare count not growingNot diluting owners. Falling means buybacks.+66.5% in 3 years
Revenue
$132.4B
+32.5% vs prior year
5-year growth
+19.6%/yr
revenue, per year
Free cash flow
$4.3B
3.3% of revenue
From annual reports filed with the SEC. Gross margin doesn't apply to banks and insurers, so it isn't scored. Not in this company's SEC data, so not scored: debt under half of equity. A checklist is a starting point for research, not a verdict.
Latest quarter
Quarter ended Jun 30, 2026
Reported Aug 5
Revenue
$40.2B
+15.4% YoY
EPS
$1.00
vs $0.54
Gross margin
3.7%
+0.8 pts
Free cash flow
-$1.2B
Share count
+10.8%
vs a year ago
Insider rating
Last 90 days
43Mixed
Pre-planned sales of $14.2M (weaker signal)
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
0/ 100
This week
0
Normal week
3.0
vs normal
0.0x
SEC filings of any kind. 50 means a normal week.
Institutional ownership
■Steady-0.1%
Institutions cut 0.1% from their holdings. 268 bought, 176 sold.
Shares held by institutions67.1M
Sep '24Jun '26
Safety check
From SEC filings
Share count growthYearly rate, last 3 years
+79.3%
Cash runwayAt last year's cash burn
Cash flow positive
Debt to equityLatest balance sheet: debt compared with what owners have
Total liabilities $51.2B
Shares outstandingLatest reported
121M
Why moderate risk
Share count growing 79.3% a year (dilution)
Earnings reports
Last 12
Next reportAround Nov 23 (est.)Estimated from the same quarter last year
Results filedAug 5
Results filedMay 6
Results filedFeb 4
Results filedNov 24, 2025
Results filedAug 5, 2025
Flags and big holders
Offerings 6 months, flags 12 months, holders 90 days