The checklist Warren Buffett-style investors use. Annual numbers for 2025.
3/6Mixed
MissReturn on equity 15%+Earns a lot on the money owners have in the business.10.2%
MissDebt under half of equityNot relying on borrowed money.0.60x equity
PassNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.69.3%
PassProfitable every yearSteady profits, not one good year.9 of 9 years
PassFree cash flow positiveBrings in more cash than it spends to run and grow.$2.5B
MissShare count not growingNot diluting owners. Falling means buybacks.+20.8% in 3 years
Revenue
$4.0B
+4.1% vs prior year
5-year growth
+26.7%/yr
revenue, per year
Total debt
$16.8B
0.60x equity
Free cash flow
$2.5B
62.7% of revenue
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 Jun 30, 2026
Reported Jul 29
Revenue
$1.1B
+5.7% YoY
EPS
$0.48
vs $0.82
Gross margin
99.3%
0.0 pts
Free cash flow
$728.2M
Share count
+3.1%
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
1.2
vs normal
0.0x
SEC filings of any kind. 50 means a normal week.
Institutional ownership
▲Accumulating+2.4%
Institutions added 2.4% to their holdings. 508 bought, 431 sold.
Shares held by institutions1.05B
Sep '24Jun '26
Safety check
From SEC filings
Share count growthYearly rate, last 3 years
+2.8%
Cash runwayAt last year's cash burn
Cash flow positive
Debt to equityLatest balance sheet: debt compared with what owners have
0.6x · $16.9B debt
Shares outstandingLatest reported
1.1B
Earnings reports
Last 12
Next reportIn 2 days (est.)Estimated from the same quarter last year
Results filedJul 29
Results filedApr 29
Results filedFeb 25
Results filedOct 30, 2025
Results filedJul 30, 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.