The checklist Warren Buffett-style investors use. Annual numbers for 2025.
5/6Strong
PassReturn on equity 15%+Earns a lot on the money owners have in the business.65.3%
MissDebt under half of equityNot relying on borrowed money.2.65x equity
PassNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.28.2%
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.$2.3B
PassShare count not growingNot diluting owners. Falling means buybacks.-5.6% in 3 years
Revenue
$9.5B
+2.3% vs prior year
5-year growth
+7.2%/yr
revenue, per year
Total debt
$9.0B
2.65x equity
Current ratio
3.12x
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 6
Revenue
$2.5B
-0.2% YoY
EPS
$1.65
vs $1.63
Gross margin
72.7%
-0.5 pts
Free cash flow
$538.0M
Share count
-6.2%
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
1.5
vs normal
0.0x
SEC filings of any kind. 50 means a normal week.
Institutional ownership
▼Distributing-2.6%
Institutions cut 2.6% from their holdings. 651 bought, 921 sold. 2 quarters of net selling in a row.
Shares held by institutions397.3M
Sep '24Jun '26
Safety check
From SEC filings
Share count growthYearly rate, last 3 years
-3.5%
Cash runwayAt last year's cash burn
Cash flow positive
Debt to equityLatest balance sheet: debt compared with what owners have
2.9x · $9.0B debt
Shares outstandingLatest reported
413M
Why low risk
High debt: 2.87x equity
Earnings reports
Last 12
Next reportIn 6 days (est.)Estimated from the same quarter last year
Results filedAug 6
Results filedMay 7
Results filedFeb 12
Results filedNov 4, 2025
Results filedAug 5, 2025
Flags and big holders
Offerings 6 months, flags 12 months, holders 90 days