The checklist Warren Buffett-style investors use. Annual numbers for 2025.
4/6Mixed
PassReturn on equity 15%+Earns a lot on the money owners have in the business.20.7%
MissDebt under half of equityNot relying on borrowed money.2.13x equity
PassNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.17.6%
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.$1.0B
PassShare count not growingNot diluting owners. Falling means buybacks.+0.2% in 3 years
Revenue
$14.9B
+17.9% vs prior year
5-year growth
+14.1%/yr
revenue, per year
Total debt
$27.3B
2.13x equity
Current ratio
0.53x
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 Jun 30, 2026
Reported Aug 3
Revenue
$3.1B
+9.8% YoY
EPS
$0.68
vs $0.45
Op. margin
38.7%
+4.7 pts
Free cash flow
-$458.0M
Share count
+0.1%
vs a year ago
Insider rating
Last 90 days
39Mixed
1 insider sold $136K (not pre-planned)
50 is neutral. Buying by more insiders, top executives and bigger stakes raises it. Selling lowers it; pre-planned sales count less.
Weekly insider trend
13 weeks agoBoughtSoldThis week
Filing buzz
Last 7 days vs normal
0/ 100
This week
0
Normal week
2.2
vs normal
0.0x
SEC filings of any kind. 50 means a normal week.
Institutional ownership
▲Accumulating+4.5%
Institutions added 4.5% to their holdings. 848 bought, 771 sold.
Shares held by institutions1.10B
Sep '24Jun '26
Safety check
From SEC filings
Share count growthYearly rate, last 3 years
+0.2%
Cash runwayAt last year's cash burn
Cash flow positive
Debt to equityLatest balance sheet: debt compared with what owners have
2.1x · $28.1B debt
Shares outstandingLatest reported
1.2B
Why low risk
High debt: 2.13x equity
Earnings reports
Last 12
Next reportIn 5 days (est.)Estimated from the same quarter last year
Results filedAug 3
Results filedMay 4
Results filedFeb 10
Results filedNov 3, 2025
Results filedAug 4, 2025
Flags and big holders
Offerings 6 months, flags 12 months, holders 90 days