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.20.2%
MissDebt under half of equityNot relying on borrowed money.1.21x equity
PassNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.16.5%
MissProfitable every yearSteady profits, not one good year.9 of 10 years
PassFree cash flow positiveBrings in more cash than it spends to run and grow.$1.8B
PassShare count not growingNot diluting owners. Falling means buybacks.-11.6% in 3 years
Revenue
$9.7B
-2.2% vs prior year
5-year growth
+2.4%/yr
revenue, per year
Total debt
$9.7B
1.21x equity
Free cash flow
$1.8B
18.3% 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 30
Revenue
$2.5B
+9.1% YoY
EPS
$2.43
vs $3.32
Op. margin
14.8%
-1.5 pts
Free cash flow
$425.0M
Share count
-6.0%
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
31/ 100
This week
1
Normal week
2.5
vs normal
0.4x
SEC filings of any kind. 50 means a normal week.
Institutional ownership
■Steady+5.7%
Institutions added 5.7% to their holdings. 306 bought, 366 sold.
Shares held by institutions95.6M
Sep '24Jun '26
Safety check
From SEC filings
Share count growthYearly rate, last 3 years
-3.9%
Cash runwayAt last year's cash burn
Cash flow positive
Debt to equityLatest balance sheet: debt compared with what owners have
0.8x · $6.5B debt
Shares outstandingLatest reported
93M
Earnings reports
Last 12
Next reportIn 1 days (est.)Estimated from the same quarter last year
Results filedJul 30
Results filedApr 30
Results filedFeb 3
Results filedOct 30, 2025
Results filedJul 31, 2025
Flags and big holders
Offerings 6 months, flags 12 months, holders 90 days