The checklist Warren Buffett-style investors use. Annual numbers for 2025.
3/5Mixed
MissReturn on equity 15%+Earns a lot on the money owners have in the business.12.1%
MissDebt under half of equityNot relying on borrowed money.0.53x equity
PassNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.25.6%
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.$477.1M
Revenue
$1.8B
+0.1% vs prior year
5-year growth
+0.8%/yr
revenue, per year
Total debt
$2.1B
0.53x equity
Current ratio
3.39x
short-term assets / bills due
From annual reports filed with the SEC. Not in this company's SEC data, so not scored: share count not growing, gross margin 40%+. A checklist is a starting point for research, not a verdict.
Latest quarter
Quarter ended Dec 31, 2023
Revenue
$463.7M
+3.5% YoY
EPS
$0.34
vs $0.60
Op. margin
25.7%
-10.1 pts
Gross margin
78.4%
+2.1 pts
Free cash flow
$210.7M
Some values are worked out from year-to-date totals in the annual report.
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
0.6
vs normal
0.0x
SEC filings of any kind. 50 means a normal week.
Institutional ownership
■Steady+5.6%
Institutions added 5.6% to their holdings. 59 bought, 70 sold.
Shares held by institutions47.8M
Sep '24Jun '26
Safety check
From SEC filings
Share count growthYearly rate, last 3 years
+1.6%
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
246M
Earnings reports
Last 0
Next reportNot enough history
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.