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Institutional accumulation: ownership increased +0.93% quarter-over-quarter.
Data as of Q1 2026
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Solve the discounted cash flow backwards, then stress-test the assumptions.
To be worth $90.00 today, the market must believe free cash flow compounds 2.1%/yr for a decade (off $2.0B normalized FCF).
2-stage DCF · 0.25B shares (market data) · net debt $4.0B
mean 7.4% · volatility σ 33% · implied rate exceeded in 4/7 yrs
Central path = implied 2.1%/yr growth; shaded band = ±1σ (33%) of this company's historical FCF volatility, widening with time. The wider the band, the less certain the growth.
Reverse DCF: rather than guessing a fair value, we solve for the growth the current price implies, then you stress-test the assumptions. Enterprise value of the FCF stream, less net debt, ÷ shares. Educational — not a recommendation.
Is the value real, and is the business safe? Academic scores + earnings quality + solvency, from SEC filings.
3/5 of the 9 checks — 4 couldn't be scored (see above), so the score is out of the 5 with data.
Safe > 2.99 · grey 1.81–2.99 · distress < 1.81
Needs granular two-year detail (receivables, PP&E, D&A, SG&A) — not fully reported.
Cash-conversion data unavailable. Lower/negative accruals = higher quality (Sloan).
Interest coverage is thin — monitor; leverage falling year-over-year.
F-Score (0–9 fundamental momentum), Altman Z (distress risk), and Beneish M (earnings-manipulation screen) are academic models computed from the SEC filings. Screens and context — educational, not recommendations.
What the company returns to shareholders — and whether it's covered by cash.
No dividend to cover. Last year: $0 dividends + $0 buybacks = $0 returned.
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 reinvestment story — most cash went back into growth rather than to shareholders.
Operating income fell despite reinvestment — a warning on capital productivity. Current ROIC on all capital: 4%. 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 $1.1B covers the $52M due within a year 20.3× over. Scheduled principal only (excludes interest & revolver draws). As of 2025-12-31 (10-K).
Green ≤ 1.5× · amber ≤ 3× · red > 3× (leverage relative to cash earnings).
Coverage is adequate but not comfortable. Effective rate ~4.9% on $5.1B of debt.
Cash of $1.1B fully covers short-term debt of $52M.
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.
EOD close · as of 2026-08-04 · 45d old
How a revenue dollar becomes profit — FY2025
Each value shows its share of revenue below it (common-size).
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $4.48B 100.0% | $3.65B 100.0% | $3.57B 100.0% | $3.16B 100.0% | $11.40B 100.0% | $9.36B 100.0% | $10.29B 100.0% | $8.04B 100.0% | $7.59B 100.0% | $5.28B 100.0% |
| Cost of Revenue | — | — | — | — | — | — | — | — | $1.22B 16.1% | — |
| Selling, General & Admin | $514.0M 11.5% | $421.0M 11.5% | $659.0M 18.4% | $393.0M 12.4% | $1.91B 16.7% | $1.75B 18.7% | $1.80B 17.5% | $1.18B 14.7% | $1.15B 15.1% | $886.0M 16.8% |
| Total Operating Expenses | $3.90B 87.1% | $3.37B 92.1% | $3.31B 92.6% | $3.02B 95.4% | $9.42B 82.7% | $9.19B 98.1% | $8.82B 85.7% | $6.53B 81.2% | $6.20B 81.6% | $3.54B 67.1% |
| Operating Income | $577.0M 12.9% | $287.0M 7.9% | $266.0M 7.4% | $145.0M 4.6% | $1.98B 17.3% | $177.0M 1.9% | $1.47B 14.3% | $1.51B 18.8% | $1.39B 18.4% | $1.73B 32.9% |
| Interest Expense | $249.0M 5.6% | $208.0M 5.7% | $782.0M 21.9% | $689.0M 21.8% | $642.0M 5.6% | $634.0M 6.8% | $657.0M 6.4% | $606.0M 7.5% | $591.0M 7.8% | $362.0M 6.9% |
| Other Income (Expense), net | $156.0M 3.5% | -$287.0M -7.9% | -$169.0M -4.7% | $562.0M 17.8% | -$1.19B -10.4% | -$1.61B -17.2% | -$957.0M -9.3% | -$470.0M -5.8% | -$567.0M -7.5% | -$315.0M -6.0% |
| Pretax Income | $733.0M 16.4% | -$24.0M -0.7% | $97.0M 2.7% | $707.0M 22.4% | $789.0M 6.9% | -$1.44B -15.3% | $513.0M 5.0% | $1.04B 12.9% | $827.0M 10.9% | $1.42B 26.9% |
| Income Tax Expense | $137.0M 3.1% | $44.0M 1.2% | $24.0M 0.7% | -$202.0M -6.4% | $45.0M 0.4% | -$44.0M -0.5% | $166.0M 1.6% | $176.0M 2.2% | -$1.06B -14.0% | $495.0M 9.4% |
| Net Income | $555.0M 12.4% | -$2.06B -56.5% | $761.0M 21.3% | $1.81B 57.4% | $398.0M 3.5% | -$1.42B -15.2% | $106.0M 1.0% | $531.0M 6.6% | $1.35B 17.8% | $680.0M 12.9% |
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.
EOD close · as of 2026-08-04
No standout strengths flagged.
Is the profit real, and how strong is the balance sheet?
FY2025 · every deduction from revenue to net income
DuPont — the three levers
Watch the leverage lever — a chunk of ROE comes from the balance sheet.
What the company owes vs. what it holds
Year-by-year maturities aren't in SEC companyfacts (footnote-only), so this shows the debt/cash structure and net leverage instead.
Latest year: profit growth vs revenue growth
High operating leverage: profit moved 4.5× as fast as sales — great in an upturn, painful in a downturn.
Each line as % of revenue — the trend in color
| % of revenue | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|
| SG&A | 14.7 | 17.5 | 18.7 | 16.7 | 12.4 | 18.4 | 11.5 | 11.5 |
| Operating Income | 18.8 | 14.3 | 1.9 | 17.3 | 4.6 | 7.4 | 7.9 | 12.9 |
| Income Tax | 2.2 | 1.6 | -0.5 | 0.4 | -6.4 | 0.7 | 1.2 | 3.1 |
| Net Income | 6.6 | 1.0 | -15.2 | 3.5 | 57.4 | 21.3 | -56.5 | 12.4 |
Green = margin-favorable vs the row's own range · red = unfavorable.
The metrics that matter, over time
A 30-second read on FWONB: price, valuation, headline fundamentals, and an auto-generated scorecard from SEC filings. Flags are rule-based signals, not recommendations.
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.