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No institutional (13F) filings cover this company, so the Overview and 13F tabs are thin. Everything drawn from its SEC filings is here.
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What the company returns to shareholders — and whether it's covered by cash.
The dividend is comfortably covered — only 48% of free cash flow, leaving room to grow it and fund buybacks. Last year: $427.0M dividends + $400.0M buybacks = $827.0M returned on $893.0M FCF.
Yields use the latest fiscal-year dividends/buybacks over current market cap. Dividends and buybacks from the SEC cash-flow statement; payout coverage vs net income and free cash flow. Educational — not a recommendation.
How management deployed cash over 10 years — and what it earned on reinvestment.
A cash-return story — far more went to shareholders than back into the business (mature, low-reinvestment).
Operating income fell despite reinvestment — a warning on capital productivity. Current ROIC on all capital: 12%. Rough measure (includes maintenance capex).
Cash uses aggregated from the SEC cash-flow statement over 10 fiscal years. "Return on reinvestment" is a rough proxy — operating-income change ÷ cumulative CapEx + M&A — and includes maintenance capex. Educational — not a recommendation.
How much the company owes, how it's trended, and how comfortably it's serviced.
Cash of $308.0M is below the $351.0M due within a year — relies on refinancing or operating cash flow. Scheduled principal only (excludes interest & revolver draws). As of 2026-04-30 (10-K).
Insufficient EBITDA/debt history.
Green ≤ 1.5× · amber ≤ 3× · red > 3× (leverage relative to cash earnings).
Interest is easily covered by operating profit. Effective rate ~4.8% on $2.15B of debt.
Cash of $308.0M fully covers short-term debt of $68.0M.
Mostly long-term debt (balance-sheet current vs non-current split). See the maturity ladder above for the year-by-year repayment schedule.
Debt, cash, interest and equity from the SEC balance sheet & income statement. Effective rate = interest ÷ average debt. Maturity ladder from the SEC long-term-debt repayment schedule. Educational — not a recommendation.
No current price collected.
Where each multiple sits in its own 15-yr range
Dot = today · shaded = middle 50% · line = median. Lower percentile = cheaper vs its own 15-yr history.
Is the profit real, and how strong is the balance sheet?
FY2026 · every deduction from revenue to net income
DuPont — the three levers
ROE 18% against ROIC 12% — 6% of the return on equity comes from leverage and buybacks rather than from the operating business.
What the company owes vs. what it holds
This shows debt/cash structure and net leverage. The year-by-year maturity schedule is on the Debt & Leverage tab.
Latest year: profit growth vs revenue growth
High operating leverage: profit moved 8.1× as fast as sales — great in an upturn, painful in a downturn.
Each line as % of revenue — the trend in color
| % of revenue | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 |
|---|---|---|---|---|---|---|---|---|
| Cost of Revenue | 34.8 | 36.8 | 39.5 | 39.2 | 41.0 | 39.5 | 41.1 | 39.5 |
| Gross Profit | 65.2 | 63.2 | 60.5 | 60.8 | 59.0 | 60.5 | 58.9 | 60.5 |
| SG&A | 19.3 | 19.1 | 19.4 | 17.5 | 17.5 | 19.8 | 18.7 | 20.5 |
| Operating Income | 34.4 | 32.4 | 33.7 | 30.6 | 26.7 | 33.8 | 27.8 | 25.5 |
| Income Tax | 6.2 | 5.4 | 5.1 | 7.0 | 5.5 | 6.6 | 5.3 | 4.3 |
| Net Income | 25.1 | 24.6 | 26.1 | 21.3 | 18.5 | 24.5 | 21.9 | 18.2 |
Green = margin-favorable vs the row's own range · red = unfavorable.
The metrics that matter, over time
A 30-second read on BF-A: price, valuation and headline fundamentals from SEC filings. The four questions at the top of the page are where the judgements live.
Cash conversion and accruals. The full answer — share-based compensation, the cash conversion waterfall, working-capital trend — is still being built, so this block states what it measures rather than issuing a verdict.
One year is not a trend. The spec asks for a 3- and 5-year average of FCF/net income precisely because a single year turns on working-capital timing, and that arrives with the full Q2 block.
Total return (dividends reinvested) vs the market, from quarter-end prices.
Above 0 = ahead of the S&P 500 since the window start; below 0 = behind. Rising means it's pulling ahead.
How far the stock fell below its prior peak. Deeper, longer drawdowns = a rougher ride to the same return.
Quarter-end, dividend-adjusted (total return). Beta & volatility from quarterly returns (annualized). Benchmark is the S&P 500 (SPY total return). Annual returns compound the quarters ending in each calendar year; the first and last years in a window may be partial. Past performance doesn't predict future results.
How a revenue dollar becomes profit — FY2026
Dividends and buybacks are cash paid out, shown here against the same year's profit for scale — not funded from it. This year they exceeded net income, so the ribbons are capped at earnings and understate what was actually returned.
Each value shows its share of revenue below it (common-size).
| Line Item | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.93B 100.0% | $3.98B 100.0% | $4.18B 100.0% | $4.23B 100.0% | $3.93B 100.0% | $3.46B 100.0% | $3.36B 100.0% | $3.32B 100.0% | $3.25B 100.0% | $2.99B 100.0% |
| Cost of Revenue | $1.55B 39.5% | $1.63B 41.1% | $1.65B 39.5% | $1.73B 41.0% | $1.54B 39.2% | $1.37B 39.5% | $1.24B 36.8% | $1.16B 34.8% | $1.05B 32.2% | $973.0M 32.5% |
| Cost of Products | — | — | — | — | — | — | — | — | $1.05B 32.2% | $973.0M 32.5% |
| Gross Profit | $2.38B 60.5% | $2.34B 58.9% | $2.53B 60.5% | $2.49B 59.0% | $2.39B 60.8% | $2.09B 60.5% | $2.13B 63.2% | $2.17B 65.2% | $2.20B 67.8% | $2.02B 67.5% |
| Selling, General & Admin | $807.0M 20.5% | $744.0M 18.7% | $826.0M 19.8% | $742.0M 17.5% | $690.0M 17.5% | $671.0M 19.4% | $642.0M 19.1% | $641.0M 19.3% | $765.0M 23.6% | $657.0M 21.9% |
| Operating Income | $1.00B 25.5% | $1.11B 27.8% | $1.41B 33.8% | $1.13B 26.7% | $1.20B 30.6% | $1.17B 33.7% | $1.09B 32.4% | $1.14B 34.4% | $1.05B 32.3% | $1.01B 33.7% |
| Interest Expense | $103.0M 2.6% | $122.0M 3.1% | $127.0M 3.0% | $90.0M 2.1% | $82.0M 2.1% | $81.0M 2.3% | $82.0M 2.4% | $88.0M 2.6% | $68.0M 2.1% | $59.0M 2.0% |
| Interest & Investment Income | $14.0M 0.4% | $17.0M 0.4% | $14.0M 0.3% | $9.0M 0.2% | $5.0M 0.1% | $2.0M 0.1% | $5.0M 0.1% | $8.0M 0.2% | $6.0M 0.2% | $3.0M 0.1% |
| Pretax Income | $885.0M 22.5% | $1.08B 27.2% | $1.30B 31.1% | $1.02B 24.1% | $1.11B 28.3% | $1.08B 31.2% | $1.01B 30.0% | $1.04B 31.3% | $977.0M 30.1% | $933.0M 31.2% |
| Income Tax Expense | $170.0M 4.3% | $212.0M 5.3% | $274.0M 6.6% | $234.0M 5.5% | $276.0M 7.0% | $178.0M 5.1% | $182.0M 5.4% | $207.0M 6.2% | $260.0M 8.0% | $264.0M 8.8% |
| Net Income | $715.0M 18.2% | $869.0M 21.9% | $1.02B 24.5% | $783.0M 18.5% | $838.0M 21.3% | $903.0M 26.1% | $827.0M 24.6% | $835.0M 25.1% | $717.0M 22.1% | $669.0M 22.3% |
| Per Share | ||||||||||
| EPS (Basic) | $1.53 | $1.84 | $2.15 | $1.63 | $1.75 | $1.89 | $1.73 | $1.74 | $1.49 | $1.38 |
| EPS (Diluted) | $1.53 | $1.84 | $2.14 | $1.63 | $1.74 | $1.88 | $1.72 | $1.73 | $1.48 | $1.37 |
| Weighted Avg Shares (Basic) | 466.3M | 472.7M | 476.4M | 479.2M | 478.9M | 478.5M | 477.8M | 479.0M | 480.3M | 484.6M |
| Weighted Avg Shares (Diluted) | 466.7M | 472.9M | 477.2M | 480.5M | 480.6M | 480.7M | 480.4M | 482.1M | 484.2M | 488.1M |
Source: SEC EDGAR XBRL filings (annual, fiscal year). Quarterly flow items are derived from cumulative filings; balance-sheet figures are as-of each period end. Ratios and margins are computed, not reported.