The checklist Warren Buffett-style investors use. Annual numbers for 2025.
6/6Strong
PassReturn on equity 15%+Earns a lot on the money owners have in the business.19.7%
PassDebt under half of equityNot relying on borrowed money.No debt reported
PassNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.28.5%
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.$1.5B
PassShare count not growingNot diluting owners. Falling means buybacks.-3.0% in 3 years
Revenue
$7.3B
+3.1% vs prior year
5-year growth
+3.3%/yr
revenue, per year
Total debt
None
0.00x equity
Free cash flow
$1.5B
20.2% of revenue
From annual reports filed with the SEC. Gross margin doesn't apply to banks and insurers, so it isn't scored. A checklist is a starting point for research, not a verdict.
Latest quarter
Quarter ended Jun 30, 2026
Reported Jul 31
Revenue
$1.9B
+10.7% YoY
EPS
$2.88
vs $2.24
Op. margin
28.3%
+0.5 pts
Free cash flow
$450.9M
Share count
-2.8%
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
1.0
vs normal
0.0x
SEC filings of any kind. 50 means a normal week.
Institutional ownership
▲Accumulating+2.3%
Institutions added 2.3% to their holdings. 579 bought, 482 sold. 3 quarters of net buying in a row.
Shares held by institutions190.4M
Sep '24Jun '26
Safety check
From SEC filings
Share count growthYearly rate, last 3 years
-1.7%
Cash runwayAt last year's cash burn
Cash flow positive
Debt to equityLatest balance sheet: debt compared with what owners have
No debt reported
Shares outstandingLatest reported
213M
Earnings reports
Last 12
Next reportIn 3 days (est.)Estimated from the same quarter last year
Results filedJul 31
Results filedApr 30
Results filedFeb 4
Results filedOct 31, 2025
Results filedAug 1, 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.