The checklist Warren Buffett-style investors use. Annual numbers for 2025.
3/6Mixed
PassReturn on equity 15%+Earns a lot on the money owners have in the business.38.9%
MissDebt under half of equityNot relying on borrowed money.1.00x equity
PassNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.18.7%
MissFree cash flow positiveBrings in more cash than it spends to run and grow.-$10.0M
MissShare count not growingNot diluting owners. Falling means buybacks.+1.5% in 3 years
PassGross margin 40%+Pricing power: sells for well above what it costs to make.53.5%
Revenue
$8.3B
+0.9% vs prior year
Total debt
$5.0B
1.00x equity
Current ratio
1.23x
short-term assets / bills due
Free cash flow
-$10.0M
-0.1% of revenue
From annual reports filed with the SEC. Not in this company's SEC data, so not scored: profitable every year. A checklist is a starting point for research, not a verdict.
Latest quarter
Quarter ended Jun 30, 2026
Reported Aug 5
Revenue
$2.2B
+2.2% YoY
EPS
$0.53
vs $0.51
Op. margin
8.2%
-1.7 pts
Gross margin
58.2%
+3.8 pts
Free cash flow
$144.0M
Share count
-1.1%
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
0.5
vs normal
0.0x
SEC filings of any kind. 50 means a normal week.
Institutional ownership
■Steady-0.8%
Institutions cut 0.8% from their holdings. 357 bought, 392 sold.
Shares held by institutions127.6M
Sep '24Jun '26
Safety check
From SEC filings
Share count growthYearly rate, last 3 years
+0.5%
Cash runwayAt last year's cash burn
Cash flow positive
Debt to equityLatest balance sheet: debt compared with what owners have
0.9x · $4.6B debt
Shares outstandingLatest reported
170M
Earnings reports
Last 10
Next reportAround Nov 5 (est.)Estimated from the same quarter last year
Results filedAug 5
Results filedMay 5
Results filedFeb 26
Results filedNov 6, 2025
Results filedAug 7, 2025
Flags and big holders
Offerings 6 months, flags 12 months, holders 90 days
No offerings, red flags or new big holders. Clean record.
Insider trades
Open-market buys and sells, last 90 days
No open-market buys or sells in 90 days. Grants and option exercises are left out.
"Owns after" is the insider's holding right after the trade. Pre-planned (10b5-1) sales are set up months ahead, a weaker signal.
Latest filings
Straight from SEC EDGAR
Option exerciseBryan C HansonChief Executive Officer, Director