$34.39

+0.22 (+0.64%)

Weekly Expected Move ±2.8%

$32 $33 $34 $35 $36

NYSE · Communication Services · Telecommunications Services · Tech Score Sell · Power 31 · $3.0B mcap · 16M float · 2.01% daily turnover · Short 60% of daily vol

Edge Score

Quantitative competitive moat analysis scoring five pillars of durable advantage — cost leadership, brand intangibles, switching costs, network effects, and efficient scale — using industry percentile rankings on a 0–100 scale.

NO EDGE

31.6 / 100

NoneWeakNarrowWide

Primary source: Cost Advantage · ROIC: 16.7% · 5Y Avg: 3.7%

Cost Advantage ★

Intangibles

Switching Cost

Network Effect

Scale

The Edge Score quantifies a company's competitive moat using five pillars: Cost Advantage (20%, operating margin and SG&A efficiency vs industry peers), Intangible Assets (25%, gross margin premium, R&D intensity, brand pricing power), Switching Costs (25%, revenue stability, earnings consistency, customer retention proxied by operating leverage), Network Effects (15%, revenue growth with expanding margins, market share dominance), and Efficient Scale (15%, market concentration, ROIC sustainability). Each pillar is scored 0–100 using industry percentile rankings, then weighted into a composite. Wide ≥ 70, Narrow ≥ 55, Weak ≥ 40, None < 40. AD has No discernible competitive edge (31.6/100). The business operates without significant structural advantages. The primary source of advantage is Cost Advantage. ROIC of 16.7% confirms the company is generating returns well above its cost of capital — a hallmark of durable competitive advantages.

Analyst Insights

Wall Street analyst consensus based on price targets and buy/sell/hold recommendations from institutional research coverage over the trailing 12 months.

Analyst Price Targets

Low

$55

Avg Target

$55

High

Based on 5 analyst ratings (12 mo)

Analyst Recommendations

Strong Buy: 0Buy: 3Hold: 2Sell: 0Strong Sell: 0

Rating Summary

ConsensusBuy

Avg Target$55.40

Analysts5

Price Target Change History

Date	Firm	Analyst	Old	New	Change	Upside @ Call	Stock@Call
2026-05-12	RBC Capital	—	$54	$52	-2	-1.0%	$52.52
2026-03-09	RBC Capital	Jonathan Atkin	$56	$54	-2	+10.1%	$49.06
2026-02-23	Raymond James	—	Initiated	$53	—	+7.5%	$49.30
2025-11-25	RBC Capital	Jonathan Atkin	$62	$56	-6	+18.8%	$47.13
2025-10-27	RBC Capital	—	Initiated	$62	—	+24.2%	$49.90

Financial Rating

Composite financial health rating (A+ to F) based on discounted cash flow valuation, return on equity, return on assets, debt-to-equity leverage, and relative P/E and P/B multiples.

Oct 02, 2026

DCF

ROE

ROA

D/E

P/E

P/B

The Financial Rating evaluates six fundamental factors — discounted cash flow (DCF) valuation, return on equity (ROE), return on assets (ROA), debt-to-equity leverage (D/E), and relative price-to-earnings (P/E) and price-to-book (P/B) multiples — each scored 1–5. AD receives an overall rating of B. Strongest factors: ROE (5/5), ROA (5/5). Areas of concern: DCF (1/5), D/E (1/5), P/B (2/5).

Rating Change History

Date	From	To
2026-10-01	B+	B
2026-08-12	A-	B+
2026-08-11	B	A-
2026-08-10	B-	B
2026-08-07	B+	B-
2026-05-11	B	B+
2026-05-04	B-	B
2026-04-30	B	B-
2026-04-27	B-	B
2026-04-01	B	B-

InsiderStreet Scorecard

Proprietary multi-factor scorecard rating companies across seven fundamental dimensions — profitability, balance sheet strength, earnings quality, growth, value, momentum, and safety — each scored 0–100.

★ ★ ★ ★ ★ 23 Grade D

Profitability

Balance Sheet

Earnings Quality

Growth

Value

Momentum

Safety

Cash Flow

The InsiderStreet Scorecard rates companies across eight dimensions: Profitability (margins, ROA, ROE), Balance Sheet (leverage, liquidity, coverage), Earnings Quality (accruals, cash conversion), Growth (revenue and earnings trajectory), Value (P/E, P/B, earnings yield, Graham criteria), Momentum (revenue and earnings acceleration), Safety (Altman Z-Score risk adjustment), and Cash Flow (operating cash flow quality, FCF conversion, cash coverage). The overall score blends 35% quality, 35% value, and 30% momentum, with a penalty for distress-zone Altman scores. AD scores highest in Profitability (88/100) and lowest in Cash Flow (8/100). A grade of D flags significant fundamental concerns across multiple dimensions.

Risk & Quality Signals

Academic financial models used by institutional investors to assess bankruptcy risk, earnings manipulation, financial strength, and credit quality.

Altman Z-Score

1.55

Distress Zone

Piotroski F-Score

4/9

✓ ✗ ✓ ✗ ✓ ✗ ✓ ✗ ✗

Beneish M-Score

-2.98

Unlikely Manipulator

Ohlson O-Score

-7.21

Bankruptcy prob: 0.1%

Low Risk

Credit Rating

BBB

Score: 56.0/100

Trend: Improving

Earnings Quality

25/100

OCF/NI: -0.39x

Accruals: 15.7%

The Altman Z-Score (1968) combines five ratios — working capital, retained earnings, EBIT, market value of equity, and sales, all relative to total assets or liabilities — into a single bankruptcy predictor. AD scores 1.55, placing it in the Distress Zone (safe > 2.99, distress < 1.81). Historically, companies in this range face elevated bankruptcy risk. The Piotroski F-Score (2000) is a 9-point binary checklist — four profitability tests (positive ROA, positive cash flow, improving ROA, cash flow exceeding net income), three leverage tests (declining debt ratio, improving current ratio, no share dilution), and two efficiency tests (improving gross margin, improving asset turnover). Each pass scores 1 point. AD scores 4/9, indicating moderate financial health — some areas of strength offset by weaknesses in others. The Beneish M-Score (1999) is an 8-variable model that detects earnings manipulation by comparing year-over-year changes in receivables, gross margins, asset quality, sales growth, depreciation, SG&A, leverage, and accruals. Scores above −1.78 statistically resemble past manipulators. AD's score of -2.98 falls below this threshold, suggesting earnings are unlikely to be manipulated. The Ohlson O-Score (1980) is a 9-variable logistic regression that estimates bankruptcy probability using firm size, leverage, working capital, current ratio, profitability (ROA), cash flow coverage, negative equity flag, consecutive losses flag, and earnings trajectory. The raw score is converted to a probability via logistic transformation. AD's implied 0.1% bankruptcy probability is well within safe territory. Our Credit Rating model scores companies on five weighted components — solvency (30%), earning power (25%), leverage (20%), liquidity (15%), and cash flow quality (10%) — then blends the absolute score with sector and industry peer rankings. For companies with large buyback programs, equity is adjusted by adding back cumulative 5-year repurchases (capped at 80% of FCF generated) to avoid penalizing shareholder-friendly capital allocation. AD receives an estimated rating of BBB (score: 56.0/100), with a improving trend. The Earnings Quality score measures how well reported earnings are backed by real cash. It evaluates the operating cash flow to net income ratio (OCF/NI ≥ 1.0 means every dollar of earnings is cash-backed) and the accruals ratio (the gap between earnings and cash flow relative to assets — lower is better). AD's score of 25/100 is low — reported earnings may not be fully supported by cash flows.

Valuation

Key valuation multiples comparing the stock's market price to its earnings, revenue, book value, and cash flows. Lower multiples may indicate relative undervaluation versus peers.

P/E

3.82x

PEG

0.00x

P/S

13.89x

P/B

2.35x

P/FCF

-15.45x

P/OCF

—

EV/EBITDA

4.41x

EV/Revenue

18.35x

EV/EBIT

4.68x

EV/FCF

-19.30x

Earnings Yield

24.80%

FCF Yield

-6.47%

Shareholder Yield

121.94%

Graham Number

$54.41

Equity-based multiples (P/E, P/B, P/FCF) compare the stock price to per-share fundamentals and are affected by capital structure. Enterprise value multiples (EV/EBITDA, EV/Revenue, EV/FCF) strip out debt and cash, making them more useful for cross-company comparisons regardless of how companies are financed. The Graham Number — √(22.5 × EPS × Book Value) — is Benjamin Graham's formula for the maximum price a defensive investor should pay. At 3.8x earnings, AD trades at a deep value multiple. An earnings yield of 24.8% exceeds typical risk-free rates, suggesting equities are being compensated for risk. Graham's intrinsic value formula yields $54.41 per share, suggesting a potential 58% margin of safety at the current price.

DuPont Decomposition (5-Factor)

The 5-factor DuPont framework breaks Return on Equity into its component drivers — tax efficiency, interest burden, operating profitability, asset utilization, and financial leverage — to reveal what truly drives shareholder returns.

Tax Burden

0.975

NI / EBT

Interest Burden

0.954

EBT / EBIT

EBIT Margin

3.920

EBIT / Rev

Asset Turnover

0.031

Rev / Assets

Equity Multiplier

2.344

Assets / Equity

ROE

26.5%

The 5-factor DuPont identity decomposes ROE as: Tax Burden × Interest Burden × EBIT Margin × Asset Turnover × Equity Multiplier = ROE. This reveals whether returns are driven by operating performance, financial leverage, or tax efficiency — three very different sources of profitability. AD's ROE of 26.5% is driven by EBIT Margin (3.920) as the dominant factor. A tax burden ratio of 0.97 indicates minimal tax leakage — the company retains over 90% of pre-tax earnings.

Graham-Dodd Adjusted Valuation

Our adaptation of Graham's growth formula (Fair P/E = 8.5 + 2g) from The Intelligent Investor. The classic version relies on analyst growth projections, which can be unreliable. This adjusted model substitutes the company's realized 3-year EPS CAGR — a backward-looking, verifiable measure of actual earnings power — grounding the valuation in demonstrated performance rather than forecasts.

Two adjustments we make, and why. Growth is capped at 15%. Graham defined g as expected growth over the next seven to ten years, not last year's rate. Across US companies since 1994 the median realized 7-year EPS growth is 5–8% regardless of how fast a company grew beforehand, and of 4,457 company-quarters that grew faster than 200%, none sustained it. Uncapped, the formula assigned fair multiples in the hundreds to companies that had never held that rate — and scored worse than simply reading the P/E. Capped, it carries real information. The verdict has three states, not two. Tested over 377,249 stock-months, this ratio only separates outcomes at its extremes: below 0.25 beat the universe by 1.3 points a year, above 3.0 lagged by 2.7, and everything in between sat inside a one-point band. Rather than call two-thirds of the market "undervalued" on a threshold of 1.0, we say Neutral where the model cannot tell — which is most of the time.

Adj. Growth Rate

0.00%

Fair P/E

8.50x

Intrinsic Value

$76.45

Price/Value

0.47x

Margin of Safety

52.57%

Premium

-52.57%

Assessment

Neutral

Graham's classic formula uses analyst-projected growth to estimate a fair P/E (8.5 + 2g). Our adjusted version replaces that projection with AD's realized 0.0% 3-year EPS CAGR, capped at 15% — demonstrated performance rather than forecasts, held to a rate companies have historically sustained. AD trades at a -53% premium to its adjusted intrinsic value of $76.45, suggesting the market is pricing in future growth beyond what historical earnings support. The adjusted fair P/E of 8.5x compares to the current market P/E of 3.8x.

Profitability Trends

Historical profitability ratios tracking how efficiently the company converts revenue into returns for shareholders over time.

Leverage & Solvency Trends

Debt and liquidity metrics showing the company's financial leverage and ability to meet short-term and long-term obligations.

Efficiency & Working Capital Trends

Operating efficiency metrics measuring how quickly the company converts inventory to sales, collects receivables, and manages its cash conversion cycle.

Growth Trends (YoY %)

Year-over-year growth rates for key financial metrics, showing the trajectory of revenue, earnings, and cash flow generation.

Earnings Stability

R-squared of linear regression measuring how predictably revenue, earnings, and margins follow a trend over the trailing 5 years. 1.0 = perfectly predictable; lower values indicate erratic or cyclical behavior.

Monte Carlo Price Simulation

Geometric Brownian Motion with 1,000 antithetic paths over 1 year, seeded from 1800 days of historical volatility. Percentile bands show the range of statistically plausible outcomes — this is a statistical model, not a forecast.

Current Price

$34.41

Median 1Y

$31.52

5th Pctile

$14.02

95th Pctile

$71.05

Ann. Volatility

50.5%

25th–75th percentile 5th–95th percentile Median path Historical

All Ratios & Metrics

Complete fundamental data with up to 20 periods of history, sparkline trends, and current values across 13 categories and 130+ financial metrics.

Profitability

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
ROE	3.0%	3.5%	3.2%	2.9%	1.9%	0.7%	-0.1%	-0.5%	0.3%	1.2%	1.3%	1.6%	-0.7%	-0.8%	-0.8%	-0.5%	7.2%	8.1%	14.0%	26.5%	26.53%
ROA	1.4%	1.6%	1.4%	1.3%	0.8%	0.3%	-0.1%	-0.2%	0.1%	0.5%	0.6%	0.7%	-0.3%	-0.4%	-0.4%	-0.2%	3.3%	3.8%	6.3%	11.3%	11.32%
ROIC	1.7%	1.9%	1.6%	1.4%	0.8%	0.4%	-0.1%	0.2%	0.3%	0.8%	0.9%	1.1%	-1.2%	-0.1%	-0.2%	-0.2%	2.7%	2.1%	1.5%	16.7%	16.71%
ROCE	2.0%	2.0%	1.7%	1.9%	1.2%	0.9%	0.5%	0.4%	1.2%	1.6%	1.8%	2.2%	1.2%	1.3%	1.5%	1.6%	5.7%	6.2%	12.3%	28.8%	28.76%
Gross Margin	55.0%	50.6%	56.2%	54.5%	49.1%	51.4%	55.9%	56.3%	57.1%	53.7%	58.1%	57.8%	58.5%	52.8%	60.3%	57.2%	30.3%	41.6%	34.2%	56.5%	56.54%
Operating Margin	4.4%	0.5%	7.0%	3.9%	-1.4%	-2.6%	2.6%	3.6%	5.9%	2.2%	5.4%	3.9%	-9.8%	-0.9%	4.6%	3.8%	-13.3%	16.1%	9.7%	7.4%	7.38%
Net Margin	3.3%	2.5%	4.9%	2.0%	-1.1%	-2.7%	1.3%	0.5%	2.4%	1.4%	1.9%	1.8%	-8.6%	0.5%	2.0%	3.4%	4.3%	66.9%	3.4%	6.6%	6.63%
EBITDA Margin	21.0%	16.8%	24.1%	21.4%	15.1%	15.5%	20.9%	20.6%	22.6%	18.9%	23.3%	26.1%	13.8%	20.4%	27.3%	26.6%	1.4%	1.5%	4.8%	8.9%	8.85%
FCF Margin	4.8%	1.9%	6.0%	6.9%	2.6%	5.5%	-2.1%	-0.5%	6.4%	6.6%	12.5%	12.0%	9.2%	8.9%	9.5%	11.6%	12.8%	8.9%	8.7%	-95.1%	-95.06%
OCF Margin	23.1%	19.5%	24.1%	24.7%	18.8%	20.0%	13.6%	15.8%	22.7%	22.2%	26.6%	25.8%	23.9%	23.4%	22.6%	23.0%	18.6%	10.5%	6.0%	-1.4%	-1.42%
ROE 3Y Avg	snapshot only																				20.83%
ROE 5Y Avg	snapshot only																				12.97%
ROA 3Y Avg	snapshot only																				7.84%
ROIC 3Y Avg	snapshot only																				5.73%
ROIC Economic	snapshot only																				13.91%
Cash ROA	snapshot only																				-8.99%
Cash ROIC	snapshot only																				-14.81%
CROIC	snapshot only																				-9.92%
NOPAT Margin	snapshot only																				1.60%
Pretax Margin	snapshot only																				3.74%
R&D / Revenue	snapshot only																				0.00%
SGA / Revenue	snapshot only																				33.51%
SBC / Revenue	snapshot only																				0.25%

Valuation

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
P/E Ratio	14.44	12.26	12.65	13.42	18.15	41.20	-207.26	-48.04	198.26	46.35	37.33	47.58	-109.25	-98.70	-108.80	-157.03	17.05	15.99	8.86	4.03	3.817
P/S Ratio	0.47	0.46	0.45	0.43	0.37	0.30	0.30	0.26	0.65	0.65	0.58	0.89	0.86	1.02	1.14	1.06	1.54	2.42	3.71	14.69	13.888
P/B Ratio	0.43	0.42	0.40	0.38	0.34	0.27	0.27	0.23	0.56	0.55	0.48	0.73	0.72	0.84	0.93	0.85	1.72	1.81	2.15	2.48	2.350
P/FCF	9.72	24.52	7.39	6.14	14.02	5.37	-14.46	-50.33	10.23	9.88	4.64	7.43	9.39	11.42	12.02	9.15	12.02	27.35	42.62	-15.45	-15.454
P/OCF	2.03	2.38	1.85	1.73	1.96	1.49	2.21	1.64	2.87	2.94	2.18	3.45	3.61	4.36	5.05	4.61	8.27	23.10	61.71	—	—
EV/EBITDA	6.14	6.34	6.83	6.58	6.77	6.50	7.13	6.85	8.05	7.94	7.35	8.15	8.81	9.55	9.73	9.05	6.93	9.68	7.56	4.41	4.411
EV/Revenue	1.29	1.34	1.42	1.37	1.31	1.23	1.30	1.23	1.60	1.65	1.57	1.85	1.81	2.00	2.12	1.99	1.85	3.26	4.59	18.35	18.349
EV/EBIT	28.04	28.82	33.33	30.26	45.94	57.10	99.45	119.05	55.39	41.75	34.85	33.15	60.70	61.70	53.98	48.99	20.96	21.20	10.88	4.68	4.681
EV/FCF	26.77	70.58	23.52	19.68	49.70	22.34	-62.45	-238.09	25.06	24.92	12.56	15.39	19.65	22.34	22.32	17.13	14.45	36.75	52.74	-19.30	-19.302
Earnings Yield	6.9%	8.2%	7.9%	7.5%	5.5%	2.4%	-0.5%	-2.1%	0.5%	2.2%	2.7%	2.1%	-0.9%	-1.0%	-0.9%	-0.6%	5.9%	6.3%	11.3%	24.8%	24.80%
FCF Yield	10.3%	4.1%	13.5%	16.3%	7.1%	18.6%	-6.9%	-2.0%	9.8%	10.1%	21.6%	13.5%	10.6%	8.8%	8.3%	10.9%	8.3%	3.7%	2.3%	-6.5%	-6.47%
PEG Ratio	snapshot only																				0.001
EV/Gross Profit	snapshot only																				44.649
Acquirers Multiple	snapshot only																				9.608
Shareholder Yield	snapshot only																				1.22%
Graham Number	snapshot only																				$54.41

Leverage & Solvency

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Current Ratio	1.84	1.78	1.86	1.72	1.55	1.44	1.66	1.50	1.37	1.55	1.67	1.55	1.57	1.52	1.70	1.87	0.65	0.72	1.03	0.95	0.950
Quick Ratio	1.68	1.59	1.66	1.51	1.33	1.22	1.38	1.30	1.20	1.33	1.46	1.39	1.39	1.32	1.48	1.71	0.65	0.72	1.03	0.95	0.950
Debt/Equity	0.80	0.82	0.94	0.91	0.91	0.92	0.94	0.90	0.85	0.87	0.86	0.83	0.84	0.84	0.83	0.83	0.48	0.67	0.65	0.95	0.946
Net Debt/Equity	0.75	0.79	0.87	0.84	0.86	0.86	0.90	0.86	0.81	0.84	0.82	0.78	0.78	0.80	0.79	0.74	0.35	0.62	0.51	0.62	0.617
Debt/Assets	0.36	0.36	0.40	0.38	0.38	0.38	0.39	0.38	0.36	0.37	0.37	0.36	0.37	0.37	0.37	0.37	0.24	0.35	0.30	0.36	0.355
Debt/EBITDA	4.18	4.31	5.03	4.90	5.18	5.29	5.69	5.66	4.96	4.98	4.86	4.44	4.95	4.85	4.71	4.69	1.60	2.65	1.84	1.35	1.348
Net Debt/EBITDA	3.91	4.13	4.68	4.52	4.86	4.94	5.48	5.40	4.77	4.79	4.64	4.22	4.60	4.67	4.49	4.22	1.17	2.48	1.45	0.88	0.879
Interest Coverage	1.10	1.13	1.07	1.30	0.86	0.58	0.32	0.24	0.62	0.82	0.94	1.18	0.61	0.67	0.81	0.83	1.78	2.78	6.21	21.52	21.524
Equity Multiplier	2.24	2.27	2.37	2.39	2.41	2.44	2.41	2.38	2.34	2.32	2.30	2.28	2.30	2.28	2.26	2.26	1.94	1.92	2.13	2.66	2.664
Cash Ratio	snapshot only																				0.902
Debt Service Coverage	snapshot only																				22.843
Cash to Debt	snapshot only																				0.348
FCF to Debt	snapshot only																				-0.169

Efficiency & Turnover

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Asset Turnover	0.43	0.41	0.39	0.39	0.40	0.39	0.38	0.37	0.36	0.36	0.36	0.36	0.36	0.36	0.35	0.35	0.37	0.25	0.15	0.03	0.031
Inventory Turnover	12.97	11.96	11.96	9.74	10.49	9.08	8.94	9.20	8.50	7.52	7.74	9.43	9.73	8.62	8.99	11.80	15.36	9.10	5.55	2.00	1.996
Receivables Turnover	4.58	4.33	4.37	4.38	4.37	4.25	4.33	4.31	4.19	4.14	4.25	4.24	4.31	4.18	4.26	4.22	6.42	4.20	2.49	0.49	0.494
Payables Turnover	5.55	5.20	6.71	6.10	5.52	5.71	7.93	6.63	4.67	5.91	7.64	6.53	4.82	6.89	7.43	6.83	7.38	6.02	4.41	1.03	1.027
DSO	80	84	83	83	83	86	84	85	87	88	86	86	85	87	86	86	57	87	147	739	738.8 days
DIO	28	31	31	37	35	40	41	40	43	49	47	39	38	42	41	31	24	40	66	183	182.8 days
DPO	66	70	54	60	66	64	46	55	78	62	48	56	76	53	49	53	49	61	83	356	355.5 days
Cash Conversion Cycle	42	45	60	61	52	62	79	69	52	75	85	69	47	77	77	64	31	66	130	566	566.1 days
Fixed Asset Turnover	snapshot only																				0.570
Operating Cycle	snapshot only																				921.7 days
Cash Velocity	snapshot only																				0.513
Capital Intensity	snapshot only																				15.789

Growth (YoY)

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Revenue	2.8%	2.1%	0.3%	-0.4%	1.5%	1.1%	0.9%	-1.1%	-5.6%	-6.3%	-6.6%	-5.8%	-3.9%	-3.5%	-4.1%	-3.6%	-25.6%	-49.2%	-71.0%	-94.2%	-94.23%
Net Income	-44.6%	-31.9%	-33.5%	-29.2%	-36.6%	-80.8%	-1.0%	-1.2%	-84.7%	83.3%	11.0%	4.3%	-3.3%	-1.7%	-1.6%	-1.3%	9.5%	8.4%	12.5%	32.1%	32.12%
EPS	-44.0%	-31.1%	-32.7%	-28.4%	-35.1%	-80.3%	-1.0%	-1.2%	-84.9%	77.1%	10.8%	4.2%	-3.3%	-1.7%	-1.7%	-1.3%	9.4%	8.6%	12.7%	32.7%	32.66%
FCF	1.3%	-68.5%	17.0%	1.6%	-44.7%	1.9%	-1.3%	-1.1%	1.3%	12.2%	6.6%	23.0%	38.5%	30.6%	-26.9%	-6.9%	3.5%	-49.7%	-73.5%	-1.5%	-1.47%
EBITDA	-1.4%	-0.8%	-5.4%	-3.5%	-6.9%	-9.1%	-11.8%	-14.7%	-2.9%	2.5%	9.6%	19.2%	-0.6%	-2.7%	-1.8%	-6.7%	-3.3%	-18.2%	-19.3%	9.4%	9.39%
Op. Income	3.0%	-1.7%	-24.2%	-15.3%	-40.6%	-59.4%	-84.7%	-88.8%	-10.9%	1.0%	5.8%	8.2%	-78.9%	-1.1%	-1.1%	-1.1%	2.2%	7.6%	3.0%	18.7%	18.73%
OCF Growth	snapshot only																				-1.36%
Asset Growth	snapshot only																				-67.51%
Equity Growth	snapshot only																				-72.49%
Debt Growth	snapshot only																				-68.56%
Shares Change	snapshot only																				-1.69%

Growth (CAGR)

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Revenue 3Y	1.5%	1.3%	1.0%	1.1%	1.4%	1.2%	1.0%	0.5%	-0.5%	-1.1%	-1.9%	-2.5%	-2.7%	-2.9%	-3.3%	-3.5%	-12.3%	-22.8%	-36.2%	-62.6%	-62.58%
Revenue 5Y	0.6%	0.7%	0.8%	1.0%	1.6%	1.4%	1.2%	0.8%	0.1%	-0.3%	-0.6%	-0.8%	-1.1%	-1.3%	-1.6%	-1.6%	-6.8%	-13.9%	-23.5%	-44.7%	-44.72%
EPS 3Y	-30.7%	1.5%	-2.9%	-2.3%	-12.0%	-37.3%	—	—	-62.0%	-37.8%	-35.0%	-27.0%	—	—	—	—	43.2%	1.1%	—	—	—
EPS 5Y	20.7%	26.0%	17.1%	21.0%	—	20.4%	—	—	-49.6%	-18.3%	-17.8%	-12.7%	—	—	—	—	1.3%	5.2%	16.0%	33.7%	33.74%
Net Income 3Y	-30.7%	1.1%	-3.2%	-2.7%	-13.0%	-38.0%	—	—	-62.3%	-37.8%	-35.0%	-27.0%	—	—	—	—	44.2%	1.1%	—	—	—
Net Income 5Y	21.3%	26.6%	17.4%	21.2%	—	20.1%	—	—	-49.7%	-18.3%	-17.8%	-12.7%	—	—	—	—	1.0%	4.8%	15.6%	33.3%	33.28%
EBITDA 3Y	3.9%	3.2%	2.1%	1.9%	-0.5%	-1.6%	-3.2%	-5.0%	-3.7%	-2.6%	-3.0%	-0.6%	-3.5%	-3.2%	-1.7%	-1.7%	-2.3%	-6.6%	-4.6%	6.8%	6.76%
EBITDA 5Y	5.5%	5.4%	4.2%	4.8%	3.9%	3.2%	1.5%	-0.3%	0.3%	0.5%	0.5%	1.4%	-1.0%	-1.0%	-0.5%	-1.0%	-3.0%	-6.0%	-6.3%	0.0%	0.03%
Gross Profit 3Y	1.1%	0.6%	0.4%	0.4%	-0.3%	-0.6%	-1.0%	-1.3%	-1.1%	-1.0%	-0.9%	-0.9%	-0.9%	-1.1%	-1.4%	-1.8%	-10.3%	-20.6%	-35.7%	-65.6%	-65.63%
Gross Profit 5Y	0.5%	0.6%	0.6%	0.9%	1.0%	1.1%	0.8%	0.3%	0.2%	-0.0%	-0.1%	-0.2%	-0.5%	-0.9%	-1.1%	-1.2%	-6.7%	-13.3%	-23.6%	-47.7%	-47.66%
Op. Income 3Y	3.8%	2.5%	0.0%	7.1%	-4.8%	-14.7%	-37.2%	-46.9%	-18.3%	-7.0%	-7.5%	-4.4%	-51.8%	—	—	—	-15.6%	4.8%	22.0%	1.8%	1.83%
Op. Income 5Y	18.1%	28.8%	11.3%	19.2%	—	—	—	—	-10.0%	-2.5%	0.9%	4.8%	-30.5%	—	—	—	-18.1%	-14.4%	-26.8%	16.5%	16.50%
FCF 3Y	2.5%	-26.6%	-2.2%	12.9%	-3.4%	45.9%	—	—	43.1%	1.3%	31.6%	61.7%	20.6%	62.9%	12.5%	14.5%	48.6%	-9.6%	—	—	—
FCF 5Y	—	6.1%	—	49.0%	11.1%	1.2%	—	—	6.4%	5.5%	12.8%	18.3%	23.4%	35.4%	—	33.5%	33.3%	-7.3%	-15.1%	—	—
OCF 3Y	12.2%	4.2%	7.0%	7.4%	-0.4%	4.7%	-10.3%	-11.8%	-3.1%	-11.2%	0.3%	3.0%	-1.6%	3.3%	-5.3%	-5.7%	-12.6%	-37.7%	-51.4%	—	—
OCF 5Y	18.1%	9.9%	19.9%	17.2%	10.4%	12.1%	-1.2%	1.0%	5.9%	4.1%	4.9%	3.9%	2.7%	4.1%	1.5%	-1.9%	-11.9%	-30.5%	-42.4%	—	—
Assets 3Y	12.0%	12.4%	9.7%	10.2%	10.1%	10.8%	10.0%	8.6%	5.4%	3.6%	1.8%	2.4%	1.2%	0.3%	-1.6%	-1.9%	-23.7%	-23.7%	-28.8%	-32.3%	-32.35%
Assets 5Y	7.4%	7.8%	9.1%	9.2%	10.3%	10.2%	9.3%	9.0%	8.3%	8.1%	5.4%	5.3%	4.9%	5.1%	4.7%	4.1%	-11.7%	-12.6%	-17.1%	-19.4%	-19.41%
Equity 3Y	4.1%	3.9%	3.7%	3.5%	3.2%	2.8%	2.4%	1.9%	1.4%	1.6%	1.3%	1.3%	0.4%	0.2%	-0.1%	-0.1%	-18.0%	-17.4%	-25.9%	-34.8%	-34.83%
Book Value 3Y	4.1%	4.3%	4.1%	3.8%	4.4%	4.0%	3.2%	2.3%	2.2%	1.6%	1.3%	1.3%	0.8%	-0.2%	-0.4%	-0.4%	-18.6%	-17.9%	-26.0%	-35.0%	-34.96%
Dividend 3Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—

Growth Quality

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Revenue Stability	0.43	0.67	0.92	0.89	0.96	0.98	0.96	0.66	0.13	0.01	0.03	0.12	0.28	0.35	0.43	0.53	0.53	0.51	0.52	0.51	0.506
Earnings Stability	0.16	0.63	0.55	0.57	0.07	0.02	0.01	0.11	0.73	0.38	0.47	0.47	0.72	0.67	0.69	0.73	0.05	0.01	0.04	0.21	0.211
Margin Stability	0.98	0.98	0.99	0.98	0.98	0.98	0.98	0.98	0.98	0.98	0.98	0.97	0.97	0.97	0.97	0.97	0.97	0.97	0.97	0.88	0.875
Rev. Growth Consistency	0.50	1.00	1.00	0.00	1.00	1.00	1.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.000
Earn. Growth Consistency	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.50	0.50	0.50	0.00	0.00	0.00	0.00	0.50	0.50	0.50	0.50	0.500
FCF Positive Streak	1	1	1	1	1	1	0	0	1	1	0	0	1	1	1	1	1	1	1	0	0
Earnings Persistence	0.82	0.87	0.87	0.88	0.85	0.50	0.20	0.20	0.50	0.50	0.20	0.20	0.20	0.20	0.20	0.20	0.20	0.20	0.20	0.20	0.200
Earnings Smoothness	0.43	0.62	0.60	0.66	0.55	0.00	—	—	0.00	0.41	—	—	—	—	—	—	—	—	—	—	—
ROE Trend	-0.01	-0.01	-0.01	-0.01	-0.02	-0.04	-0.04	-0.04	-0.02	-0.01	-0.00	0.00	-0.02	-0.02	-0.01	-0.01	0.10	0.11	0.24	0.61	0.610
Gross Margin Trend	-0.02	-0.02	-0.01	-0.01	-0.02	-0.02	-0.02	-0.01	0.02	0.02	0.03	0.03	0.03	0.03	0.03	0.02	0.00	0.01	-0.03	-0.16	-0.158
FCF Margin Trend	0.02	-0.02	0.04	0.04	-0.01	0.01	-0.08	-0.05	0.03	0.03	0.11	0.09	0.05	0.03	0.04	0.06	0.05	0.01	-0.02	-1.07	-1.069
Sustainable Growth Rate	3.0%	3.5%	3.2%	2.9%	1.9%	0.7%	—	—	0.3%	1.2%	1.3%	1.6%	—	—	—	—	-48.7%	-47.5%	-75.2%	-1.0%	-1.04%
Internal Growth Rate	1.4%	1.6%	1.4%	1.3%	0.8%	0.3%	—	—	0.1%	0.5%	0.6%	0.7%	—	—	—	—	—	—	—	—	—

Cash Flow Quality

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
OCF/Net Income	7.12	5.14	6.82	7.76	9.26	27.73	-93.67	-29.27	69.15	15.75	17.13	13.78	-30.27	-22.64	-21.54	-34.08	2.06	0.69	0.14	-0.39	-0.390
FCF/OCF	0.21	0.10	0.25	0.28	0.14	0.28	-0.15	-0.03	0.28	0.30	0.47	0.46	0.38	0.38	0.42	0.50	0.69	0.84	1.45	0.67	0.670
FCF/Net Income	snapshot only																				-0.261
OCF/EBITDA	snapshot only																				-0.341
CapEx/Revenue	18.3%	17.6%	18.0%	17.7%	16.2%	14.4%	15.6%	16.3%	16.4%	15.6%	14.1%	13.8%	14.7%	14.5%	13.1%	11.4%	5.8%	1.6%	2.7%	46.9%	46.91%
CapEx/Depreciation	snapshot only																				1.953
Accruals Ratio	-0.08	-0.06	-0.08	-0.08	-0.07	-0.07	-0.05	-0.06	-0.08	-0.07	-0.09	-0.09	-0.09	-0.09	-0.08	-0.08	-0.03	0.01	0.05	0.16	0.157
Sloan Accruals	snapshot only																				-0.113
Cash Flow Adequacy	snapshot only																				-0.077
Earnings Quality Score	snapshot only																				0.250

Dividends & Buybacks

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Dividend Yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	45.7%	42.8%	72.0%	1.2%	61.79%
Dividend/Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$22.88	$22.96	$33.21	$44.20	$21.25
Payout Ratio	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	—	—	0.0%	0.0%	0.0%	0.0%	—	—	—	—	7.8%	6.8%	6.4%	4.9%	4.91%
FCF Payout Ratio	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	—	—	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	5.5%	11.7%	30.7%	—	—
Total Payout Ratio	26.9%	30.1%	37.2%	42.0%	50.6%	1.6%	—	—	1.6%	10.9%	10.0%	0.0%	—	—	—	—	8.1%	7.0%	6.5%	4.9%	4.92%
Div. Increase Streak	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	0	0	0	0	0
Chowder Number	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Buyback Yield	1.9%	2.5%	2.9%	3.1%	2.8%	3.9%	3.1%	2.9%	0.8%	0.2%	0.3%	0.0%	0.8%	1.4%	1.8%	2.8%	2.0%	1.2%	0.9%	0.1%	0.06%
Net Buyback Yield	1.9%	2.5%	2.9%	3.1%	2.8%	3.9%	3.1%	2.9%	0.8%	0.2%	0.3%	0.0%	0.8%	1.4%	1.8%	2.8%	2.0%	1.2%	0.9%	0.1%	0.06%
Total Shareholder Return	1.9%	2.5%	2.9%	3.1%	2.8%	3.9%	3.1%	2.9%	0.8%	0.2%	0.3%	0.0%	0.8%	1.4%	1.8%	2.8%	47.7%	44.1%	72.9%	1.2%	1.22%

DuPont Factors

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Tax Burden (NI/EBT)	0.77	0.87	0.83	0.69	0.67	0.41	-0.43	11.00	0.21	0.50	0.43	0.49	-7.50	1.77	1.15	0.83	2.33	1.54	1.18	0.97	0.975
Interest Burden (EBT/EBIT)	0.92	0.94	1.00	1.02	1.06	0.81	0.26	-0.05	0.55	0.72	0.79	0.68	0.04	-0.18	-0.23	-0.20	0.44	0.64	0.84	0.95	0.954
EBIT Margin	0.05	0.05	0.04	0.05	0.03	0.02	0.01	0.01	0.03	0.04	0.04	0.06	0.03	0.03	0.04	0.04	0.09	0.15	0.42	3.92	3.920
Asset Turnover	0.43	0.41	0.39	0.39	0.40	0.39	0.38	0.37	0.36	0.36	0.36	0.36	0.36	0.36	0.35	0.35	0.37	0.25	0.15	0.03	0.031
Equity Multiplier	2.16	2.24	2.32	2.30	2.33	2.36	2.39	2.38	2.37	2.38	2.35	2.33	2.32	2.30	2.28	2.27	2.17	2.15	2.22	2.34	2.344

Per Share

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
EPS (Diluted TTM)	$1.54	$1.79	$1.67	$1.51	$1.00	$0.35	$-0.07	$-0.26	$0.15	$0.62	$0.68	$0.82	$-0.35	$-0.44	$-0.44	$-0.28	$2.93	$3.35	$5.21	$8.99	$8.99
Book Value/Share	$51.99	$52.26	$52.79	$52.97	$53.99	$53.58	$53.12	$53.17	$53.52	$52.57	$52.93	$53.12	$53.28	$52.01	$52.10	$52.27	$29.13	$29.68	$21.49	$14.63	$14.71
Tangible Book/Share	$4.84	$5.28	$-0.97	$-0.79	$-1.07	$-1.60	$-1.44	$-1.41	$-1.01	$-0.76	$-0.60	$-0.45	$0.07	$-0.02	$0.05	$0.19	$10.15	$10.70	$2.51	$-3.80	$-3.80
Revenue/Share	$47.43	$47.38	$47.23	$47.38	$49.28	$49.05	$48.20	$47.38	$45.99	$44.39	$43.98	$43.64	$44.17	$42.84	$42.17	$42.05	$32.53	$22.13	$12.43	$2.47	$2.47
FCF/Share	$2.29	$0.90	$2.85	$3.29	$1.29	$2.71	$-1.00	$-0.24	$2.93	$2.93	$5.49	$5.24	$4.06	$3.83	$4.01	$4.88	$4.16	$1.96	$1.08	$-2.35	$-2.35
OCF/Share	$10.97	$9.22	$11.37	$11.69	$9.26	$9.79	$6.53	$7.49	$10.45	$9.84	$11.68	$11.27	$10.56	$10.03	$9.55	$9.68	$6.04	$2.32	$0.75	$-3.50	$-3.51
Cash/Share	$2.66	$1.79	$3.45	$3.68	$2.99	$3.21	$1.79	$2.16	$1.78	$1.70	$2.10	$2.22	$3.16	$1.64	$2.07	$4.39	$3.75	$1.31	$2.93	$4.81	$4.82
EBITDA/Share	$9.97	$9.99	$9.82	$9.84	$9.49	$9.29	$8.76	$8.49	$9.12	$9.20	$9.38	$9.89	$9.06	$8.95	$9.20	$9.23	$8.67	$7.45	$7.56	$10.27	$10.27
Debt/Share	$41.64	$43.09	$49.41	$48.17	$49.15	$49.13	$49.78	$48.01	$45.23	$45.80	$45.57	$43.90	$44.81	$43.43	$43.40	$43.28	$13.85	$19.76	$13.90	$13.84	$13.84
Net Debt/Share	$38.99	$41.30	$45.97	$44.49	$46.16	$45.92	$47.99	$45.85	$43.45	$44.09	$43.47	$41.68	$41.65	$41.80	$41.33	$38.90	$10.10	$18.45	$10.96	$9.03	$9.03

Academic Models

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Altman Z-Score	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	1.549
Altman Z-Prime	snapshot only																				2.675
Piotroski F-Score	4	4	5	5	4	5	5	5	5	7	7	7	5	4	6	4	6	5	5	4	4
Beneish M-Score	-2.68	-2.37	-2.75	-2.75	-2.60	-2.87	-2.75	-2.84	-3.03	-2.95	-2.98	-2.86	-2.89	-2.90	-2.86	-2.91	-3.88	-3.80	-3.50	-2.98	-2.982
Ohlson O-Score	snapshot only																				-7.208
Net-Net WC	snapshot only																				$-19.20
EVA	snapshot only																				$137257458.14

Credit

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Credit Rating	snapshot only																				BBB
Credit Score	34.27	32.08	32.38	33.85	28.63	28.33	26.87	28.41	29.53	30.99	32.41	40.74	30.38	36.68	36.14	37.76	59.22	45.13	60.50	56.01	56.007
Credit Grade	snapshot only																				9
Credit Trend	snapshot only																				18.251
Implied Spread (bps)	snapshot only																				275.000
Industry Credit Rank	snapshot only																				57
Sector Credit Rank	snapshot only																				49

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Edge Score

Analyst Insights

Financial Rating

InsiderStreet Scorecard

Risk & Quality Signals

Valuation

DuPont Decomposition (5-Factor)

Graham-Dodd Adjusted Valuation

Profitability Trends

Leverage & Solvency Trends

Efficiency & Working Capital Trends

Growth Trends (YoY %)

Earnings Stability

Monte Carlo Price Simulation

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