A company still losing money with steady sales. Institutions are adding.
Watch out for
Losing money
Debt above equity: 1.15x
Money moves
No insider buying or selling in the last 30 days
Institutions added 12% to their holdings in the quarter ending June 2026 (126 bought, 99 sold)
Facts from SEC filings, not a recommendation.
What the price means
Price as of Oct 26
$9.80-2.2% that day
Company value
$832M
Share price times all shares
Price vs sales
0.44x
No profit over the last year, so this compares value with sales instead
Cash vs value
7%
Cash as a share of company value
Debt vs value
82%
Debt as a share of company value
From SXC's last IEX trade and its SEC filings (profits and sales over the last four quarters). A starting point for research, not a verdict.
The business over time
Last 12 quarters, from SEC filings
Sales, Sep '26
$485.9M-0.2% vs a year earlier
Dec '23Tap a barSep '26
Last 12 months: $1.9B, up 2.9% from the 12 months before. Over 5 years, sales grew about 6.6% a year.
What the price assumes
Your guesses, our math
Move the sliders to your own view of SXC. Starting points are the company's recent numbers (it isn't profitable yet, so the margin starts at a 10% guess).
Sales in 5 years$2.2B
Profit in 5 years$220M
Price these guesses point to$38.86+296% vs $9.80 todayAbout +32% a year, before dividends
What today's price needs: with a 10% margin and a 15x P/E, sales could shrink about 22% a year for 5 years and still match today's price.
Simple math on your guesses, not a forecast or a price target. Real results depend on many things these sliders leave out.
The checklist Warren Buffett-style investors use. Annual numbers for 2025.
1/6Weak
MissReturn on equity 15%+Earns a lot on the money owners have in the business.-6.9%
MissDebt under half of equityNot relying on borrowed money.1.15x equity
MissNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.-2.4%
MissProfitable every yearSteady profits, not one good year.8 of 10 years
PassFree cash flow positiveBrings in more cash than it spends to run and grow.$42.3M
MissShare count not growingNot diluting owners. Falling means buybacks.+1.1% in 3 years
Revenue
$1.8B
-5.1% vs prior year
5-year growth
+6.6%/yr
revenue, per year
Total debt
$685.5M
1.15x equity
Current ratio
2.11x
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 27Before open9:24 am ET
Revenue
$485.9M
-0.2% YoY
EPS
$0.25
vs $0.26
Op. margin
8.4%
+5.6 pts
Free cash flow
$73.9M
Share count
+0.6%
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
2
Normal week
0.5
vs normal
3.7x
SEC filings of any kind. 50 means a normal week.
Institutional ownership
▲Accumulating+12.0%
Institutions added 12.0% to their holdings. 126 bought, 99 sold.
Shares held by institutions78.9M
Sep '24Jun '26
Safety check
From SEC filings
Share count growthYearly rate, last 3 years
+0.4%
Cash runwayAt last year's cash burn
Cash flow positive
Debt to equityLatest balance sheet: debt compared with what owners have
1.0x · $600.8M debt
Shares outstandingLatest reported
85M
Why low risk
Losing money
Earnings reports
Last 12
Next reportAround Feb 16, 2027 (est.)Estimated from the same quarter last year
Results filedOct 27
Results filedJul 30
Results filedApr 30
Results filedFeb 17
Results filedNov 4, 2025
Flags and big holders
Offerings 6 months, flags 12 months, holders 90 days