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.14.6%
PassDebt under half of equityNot relying on borrowed money.0.42x equity
MissNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.8.0%
MissProfitable every yearSteady profits, not one good year.6 of 10 years
PassFree cash flow positiveBrings in more cash than it spends to run and grow.$1.3B
PassShare count not growingNot diluting owners. Falling means buybacks.-11.6% in 3 years
Revenue
$8.2B
+1.7% vs prior year
5-year growth
+1.4%/yr
revenue, per year
Total debt
$2.1B
0.42x equity
Free cash flow
$1.3B
15.7% 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 Aug 4
Revenue
$1.9B
-4.3% YoY
EPS
$0.97
vs $1.66
Free cash flow
$503.0M
Share count
-5.5%
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
47/ 100
This week
2
Normal week
2.2
vs normal
0.9x
SEC filings of any kind. 50 means a normal week.
Institutional ownership
■Steady-1.3%
Institutions cut 1.3% from their holdings. 258 bought, 202 sold. 3 quarters of net selling in a row.
Shares held by institutions97.0M
Sep '24Jun '26
Safety check
From SEC filings
Share count growthYearly rate, last 3 years
-5.0%
Cash runwayAt last year's cash burn
Cash flow positive
Debt to equityLatest balance sheet: debt compared with what owners have
0.5x · $2.1B debt
Shares outstandingLatest reported
91M
Earnings reports
Last 12
Next reportIn 6 days (est.)Estimated from the same quarter last year
Results filedAug 4
Results filedMay 5
Results filedFeb 3
Results filedNov 4, 2025
Results filedAug 5, 2025
Flags and big holders
Offerings 6 months, flags 12 months, holders 90 days