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.12.5%
MissDebt under half of equityNot relying on borrowed money.1.82x equity
PassNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.14.7%
PassProfitable every yearSteady profits, not one good year.10 of 10 years
MissFree cash flow positiveBrings in more cash than it spends to run and grow.-$2.9B
MissShare count not growingNot diluting owners. Falling means buybacks.+2.6% in 3 years
Revenue
$29.6B
+10.4% vs prior year
5-year growth
+7.0%/yr
revenue, per year
Total debt
$65.6B
1.82x equity
Current ratio
0.65x
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 Mar 31, 2026
Reported Jul 30
Revenue
$8.4B
+8.0% YoY
EPS
$1.20
vs $1.21
Op. margin
24.0%
-1.9 pts
Free cash flow
-$1.7B
Share count
+2.1%
vs a year ago
Insider rating
Last 90 days
50Mixed
Pre-planned sales of $8K (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
31/ 100
This week
1
Normal week
2.0
vs normal
0.5x
SEC filings of any kind. 50 means a normal week.
Institutional ownership
▲Accumulating+5.8%
Institutions added 5.8% to their holdings. 1206 bought, 828 sold.
Shares held by institutions834.9M
Sep '24Jun '26
Safety check
From SEC filings
Share count growthYearly rate, last 3 years
+1.1%
Cash runwayAt last year's cash burn
Cash flow positive
Debt to equityLatest balance sheet: debt compared with what owners have
1.7x · $67.1B debt
Shares outstandingLatest reported
1.1B
Why low risk
1 offering filing in 6 months (may sell new shares)
Earnings reports
Last 12
Next reportIn 2 days (est.)Estimated from the same quarter last year
Results filedJul 30
Results filedApr 30
Results filedFeb 19
Results filedOct 30, 2025
Results filedJul 31, 2025
Flags and big holders
Offerings 6 months, flags 12 months, holders 90 days