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ATO NYSE

Atmos Energy Corporation
1W: -1.9% 1M: -2.8% 3M: -1.4% YTD: +5.3% 1Y: +13.3% 3Y: +63.8% 5Y: +98.9%
$177.81
+0.35 (+0.20%)
 
Weekly Expected Move ±2.9%
$166 $171 $177 $182 $187
NYSE · Utilities · Regulated Gas · Alpha Radar Sell · Power 38 · $29.7B mcap · 166M float · 0.646% daily turnover · Short 34% 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.

NARROW EDGE
56.4 / 100
NoneWeakNarrowWide
Primary source: Efficient Scale  ·  ROIC: 6.2%  ·  5Y Avg: 6.0%
Cost Advantage
67
Intangibles
47
Switching Cost
53
Network Effect
40
Scale ★
80
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. ATO has a Narrow competitive edge (56.4/100) — meaningful but not impregnable advantages over competitors. The primary source of advantage is Efficient Scale. ROIC of 6.2% suggests modest returns relative to capital deployed.

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
$183
Low
$185
Avg Target
$187
High
Based on 2 analysts since May 6, 2026 earnings
Analyst Recommendations
Strong Buy: 0Buy: 9Hold: 13Sell: 0Strong Sell: 0
Rating Summary
ConsensusHold
Avg Target$188.33
Analysts3
Price Target Change History
DateFirmAnalystOldNewChangeUpside @ CallStock@Call
2026-05-21 Morgan Stanley $195 $183 -12 +4.2% $175.58
2026-05-18 Truist Financial Initiated $187 +6.0% $176.48
2026-04-21 Morgan Stanley $192 $195 +3 +5.9% $184.19
2026-02-20 Morgan Stanley $180 $192 +12 +6.4% $180.38
2026-01-27 Barclays $165 $167 +2 -0.9% $168.50
2026-01-21 Morgan Stanley $172 $180 +8 +7.2% $167.87
2026-01-15 Barclays $172 $165 -7 -2.2% $168.72
2025-12-17 UBS $159 $174 +15 +3.6% $168.00
2025-12-16 Morgan Stanley $182 $172 -10 +0.7% $170.77
2025-12-02 Mizuho Securities Gabriel Moreen $170 $180 +10 +4.8% $171.72
2025-11-20 Morgan Stanley $181 $182 +1 +4.1% $174.87
2025-10-22 Morgan Stanley David Arcaro $167 $181 +14 +1.9% $177.54
2025-10-09 Barclays $175 $172 -3 -1.7% $174.93
2025-10-09 Barclays $115 $175 +60 -0.4% $175.75
2025-09-26 Mizuho Securities $148 $170 +22 +0.5% $169.23
2025-09-25 Morgan Stanley $156 $167 +11 +0.3% $166.46
2025-09-18 Argus Research Marie Ferguson Initiated $172 +6.3% $161.82
2025-07-30 UBS $124 $159 +35 +1.8% $156.20
2025-06-18 Morgan Stanley David Arcaro $128 $156 +28 +2.4% $152.39
2024-10-16 Wells Fargo Sarah Akers $132 $156 +24 +9.9% $142.00
2024-09-25 Mizuho Securities Gabriel Moreen $138 $148 +10 +8.4% $136.48
2024-05-14 Wells Fargo Sarah Akers Initiated $132 +13.0% $116.84
2024-05-13 Mizuho Securities Gabriel Moreen $131 $138 +7 +18.2% $116.77
2024-04-12 UBS William Appicelli Initiated $124 +8.4% $114.38
2023-10-11 Mizuho Securities Gabriel Moreen $131 $131 0 +17.4% $111.60
2023-01-09 J.P. Morgan Initiated $115 +2.3% $112.39
2022-12-15 Morgan Stanley $120 $128 +8 +9.8% $116.60
2022-11-11 Morgan Stanley $140 $120 -20 +7.6% $111.54
2022-07-18 Barclays Initiated $115 +2.8% $111.90
2022-05-12 Goldman Sachs Insoo Kim Initiated $113 +0.8% $112.09
2022-04-29 Mizuho Securities Initiated $131 +14.3% $114.58
2022-04-26 Morgan Stanley $139 $140 +1 +18.6% $118.00
2022-04-26 Credit Suisse Initiated $133 +13.0% $117.70
2022-04-20 Morgan Stanley Initiated $139 +13.7% $122.28

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.

B+
May 22, 2026
DCF
4
ROE
3
ROA
5
D/E
3
P/E
2
P/B
2
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. ATO receives an overall rating of B+. Strongest factors: DCF (4/5), ROA (5/5). Areas of concern: P/E (2/5), P/B (2/5).
Rating Change History
DateFromTo
2026-05-11 A- B+
2026-05-06 B+ A-
2026-05-06 A- B+
2026-05-04 B+ A-
2026-04-30 B B+
2026-04-27 B+ B
2026-04-24 B B+
2026-04-01 B+ B
2026-01-20 B B+
2026-01-12 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.

46 Grade A
Profitability
67
Balance Sheet
55
Earnings Quality
88
Growth
59
Value
54
Momentum
86
Safety
30
Cash Flow
34
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. ATO scores highest in Earnings Quality (88/100) and lowest in Safety (30/100). An overall grade of A places ATO among the highest-quality companies in its peer group.

Risk & Quality Signals

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

Altman Z-Score
1.80
Distress Zone
Piotroski F-Score
6/9
Beneish M-Score
-2.37
Unlikely Manipulator
Ohlson O-Score
-8.16
Bankruptcy prob: 0.0%
Low Risk
Credit Rating
BBB-
Score: 51.6/100
Trend: Improving
Earnings Quality
100/100
OCF/NI: 1.39x
Accruals: -2.0%
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. ATO scores 1.80, 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. ATO scores 6/9, 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. ATO's score of -2.37 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. ATO's implied 0.0% 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. ATO receives an estimated rating of BBB- (score: 51.6/100), 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). ATO's score of 100/100 is high — cash flows strongly support reported earnings.

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
21.99x
PEG
1.66x
P/S
6.08x
P/B
1.99x
P/FCF
-15.57x
P/OCF
16.52x
EV/EBITDA
15.70x
EV/Revenue
8.21x
EV/EBIT
22.38x
EV/FCF
-20.14x
Earnings Yield
4.34%
FCF Yield
-6.42%
Shareholder Yield
1.95%
Graham Number
$120.76
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 22.0x earnings, ATO commands a growth premium. Graham's intrinsic value formula yields $120.76 per share, 47% below 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
0.801
NI / EBT
×
Interest Burden
0.938
EBT / EBIT
×
EBIT Margin
0.367
EBIT / Rev
×
Asset Turnover
0.180
Rev / Assets
×
Equity Multiplier
2.104
Assets / Equity
=
ROE
10.5%
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. ATO's ROE of 10.5% is driven by a balanced combination of operating margin, asset efficiency, and leverage.

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.

Adj. Growth Rate
11.66%
Fair P/E
31.82x
Intrinsic Value
$255.23
Price/Value
0.72x
Margin of Safety
27.63%
Premium
-27.63%
Assessment
Undervalued
Graham's classic formula uses analyst-projected growth to estimate a fair P/E (8.5 + 2g). Our adjusted version replaces that projection with ATO's realized 11.7% 3-year EPS CAGR — what the company actually delivered, not what analysts hope for. At an intrinsic value of $255.23, ATO appears undervalued with a 28% margin of safety. The adjusted fair P/E of 31.8x compares to the current market P/E of 22.0x.

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
$177.78
Median 1Y
$191.39
5th Pctile
$130.11
95th Pctile
$281.49
Ann. Volatility
22.9%
Analyst Target
$188.33
25th–75th percentile 5th–95th percentile Median path Historical Analyst target

Executive Compensation

C-suite compensation breakdown including salary, stock awards, options, and incentive pay. The CEO-to-employee pay ratio and Gini coefficient measure pay distribution fairness.

C-Suite Compensation

ExecutiveSalaryStockTotal
J. Kevin Akers
President and Chief Executive Officer
$1,147,802 $5,179,057 $9,953,274
Christopher T. Forsythe
Senior Vice President and Chief Financial Officer
$599,635 $1,266,292 $3,060,498
Jessica W. Bateman
Senior Vice President, General Counsel, and Corporate Secretary
$387,189 $1,890,310 $2,799,176
John S. McDill
Senior Vice President, Utility Operations
$535,193 $828,535 $2,318,487
Karen E. Hartsfield
Senior Advisor
$538,154 $828,535 $2,306,008

CEO Pay Ratio

Insufficient data for pay ratio.

C-Suite Pay Equality (Gini)

CEO Compensation Mix

Workforce & Productivity

Workforce efficiency metrics measuring revenue, profit, and R&D spend per employee — key indicators of operational leverage and human capital productivity.

Employees
5,487
+4.3% YoY
Revenue / Employee
$857,072
Rev: $4,702,755,000
Profit / Employee
$218,472
NI: $1,198,754,000
SGA / Employee
Avg labor cost proxy

Scaling Efficiency

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 Trend 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 10.9% 9.1% 9.5% 9.9% 10.2% 8.9% 9.2% 9.6% 9.7% 8.7% 9.1% 9.9% 10.1% 9.1% 9.4% 9.9% 10.1% 9.3% 9.7% 10.5% 10.47%
ROA 4.7% 3.8% 4.0% 4.1% 4.3% 3.7% 3.8% 4.0% 4.0% 4.0% 4.1% 4.5% 4.6% 4.4% 4.5% 4.8% 4.9% 4.4% 4.6% 5.0% 4.98%
ROIC 6.4% 4.8% 5.0% 5.2% 5.4% 4.7% 4.9% 5.0% 5.1% 5.3% 5.6% 6.1% 6.2% 5.7% 5.9% 6.1% 6.2% 5.6% 5.7% 6.2% 6.19%
ROCE 6.4% 5.6% 5.5% 5.5% 5.7% 5.1% 5.4% 5.7% 5.8% 5.4% 5.7% 6.3% 6.6% 5.9% 6.2% 6.6% 6.7% 6.0% 6.1% 6.5% 6.51%
Gross Margin 55.2% 50.2% 47.6% 37.3% 47.1% 45.2% 37.8% 44.1% 63.8% 67.1% 56.4% 50.0% 70.2% 67.4% 62.5% 48.1% 45.0% 56.0% 60.8% 46.0% 46.05%
Operating Margin 22.0% 16.0% 27.2% 23.3% 18.9% 14.6% 21.6% 27.4% 25.5% 26.2% 34.5% 33.4% 31.4% 28.1% 39.1% 32.2% 30.1% 29.8% 38.3% 39.0% 38.97%
Net Margin 16.9% 8.6% 24.6% 19.7% 15.7% 9.9% 18.3% 23.2% 20.8% 20.2% 26.9% 26.2% 23.6% 20.4% 29.9% 24.9% 22.2% 23.7% 30.0% 29.7% 29.65%
EBITDA Margin 42.7% 35.0% 40.7% 31.7% 37.0% 34.9% 32.9% 38.2% 50.7% 55.9% 50.2% 44.5% 58.0% 57.0% 56.5% 42.9% 54.0% 58.5% 52.8% 48.9% 48.94%
FCF Margin -87.6% -89.6% -96.3% -35.3% -33.0% -34.9% -31.1% 12.3% 10.6% 15.3% 18.6% -30.8% -29.6% -28.9% -30.8% -29.1% -29.7% -32.2% -33.4% -40.8% -40.80%
OCF Margin -30.7% -31.8% -33.6% 25.0% 24.8% 23.3% 23.6% 70.8% 74.1% 80.9% 89.0% 38.4% 40.1% 41.6% 42.3% 43.4% 44.0% 43.6% 42.6% 38.4% 38.43%
ROE 3Y Avg snapshot only 9.49%
ROE 5Y Avg snapshot only 9.29%
ROA 3Y Avg snapshot only 4.54%
ROIC 3Y Avg snapshot only 5.30%
ROIC Economic snapshot only 6.16%
Cash ROA snapshot only 6.49%
Cash ROIC snapshot only 8.28%
CROIC snapshot only -8.79%
NOPAT Margin snapshot only 28.73%
Pretax Margin snapshot only 34.44%
R&D / Revenue snapshot only 0.00%
SGA / Revenue snapshot only 0.00%
SBC / Revenue snapshot only 0.00%
Valuation
Metric Trend 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 16.55 15.93 18.19 20.60 19.18 17.13 18.52 18.21 19.04 16.82 17.88 17.26 16.83 19.79 19.84 21.45 21.22 22.74 22.11 23.03 21.987
P/S Ratio 3.41 3.11 3.62 3.90 3.56 3.16 3.16 3.31 3.62 3.48 4.19 4.25 4.22 4.95 5.14 5.44 5.31 5.80 5.68 6.35 6.080
P/B Ratio 1.66 1.34 1.60 1.89 1.82 1.41 1.57 1.60 1.70 1.37 1.52 1.59 1.59 1.70 1.77 2.01 2.02 2.01 2.04 2.29 1.985
P/FCF -3.89 -3.47 -3.76 -11.03 -10.80 -9.04 -10.17 26.98 34.14 22.79 22.47 -13.83 -14.28 -17.15 -16.69 -18.68 -17.88 -18.03 -16.98 -15.57 -15.566
P/OCF 15.59 14.36 13.57 13.36 4.68 4.88 4.31 4.70 11.07 10.53 11.90 12.14 12.53 12.09 13.30 13.32 16.52 16.523
EV/EBITDA 11.51 13.07 14.66 16.07 15.21 14.48 14.74 14.36 14.59 12.64 12.89 12.31 11.90 13.58 13.45 14.11 13.91 15.25 15.12 15.70 15.701
EV/Revenue 4.84 5.30 5.74 5.84 5.40 5.14 4.94 5.13 5.51 5.15 5.99 6.01 5.96 6.83 7.01 7.18 7.01 7.73 7.54 8.21 8.215
EV/EBIT 17.29 19.99 22.81 25.21 23.84 22.61 22.80 22.06 22.50 19.35 19.52 18.19 17.50 19.95 19.63 20.40 20.17 22.04 21.86 22.38 22.375
EV/FCF -5.52 -5.91 -5.96 -16.52 -16.39 -14.71 -15.90 41.83 51.91 33.66 32.12 -19.53 -20.16 -23.65 -22.76 -24.67 -23.58 -24.05 -22.56 -20.14 -20.135
Earnings Yield 6.0% 6.3% 5.5% 4.9% 5.2% 5.8% 5.4% 5.5% 5.3% 5.9% 5.6% 5.8% 5.9% 5.1% 5.0% 4.7% 4.7% 4.4% 4.5% 4.3% 4.34%
FCF Yield -25.7% -28.8% -26.6% -9.1% -9.3% -11.1% -9.8% 3.7% 2.9% 4.4% 4.5% -7.2% -7.0% -5.8% -6.0% -5.4% -5.6% -5.5% -5.9% -6.4% -6.42%
PEG Ratio snapshot only 1.663
Price/Tangible Book snapshot only 2.431
EV/OCF snapshot only 21.374
EV/Gross Profit snapshot only 15.973
Acquirers Multiple snapshot only 22.898
Shareholder Yield snapshot only 1.95%
Graham Number snapshot only $120.76
Leverage & Solvency
Metric Trend 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 0.60 0.81 0.81 0.81 0.81 0.85 0.85 0.85 0.85 0.65 0.65 0.65 0.65 0.94 0.94 0.94 0.94 0.67 0.67 0.67 0.669
Quick Ratio 0.45 0.75 0.75 0.75 0.75 0.74 0.74 0.74 0.74 0.45 0.45 0.45 0.45 0.78 0.78 0.78 0.78 0.53 0.53 0.53 0.529
Debt/Equity 0.70 0.96 0.96 0.96 0.96 0.89 0.89 0.89 0.89 0.66 0.66 0.66 0.66 0.67 0.67 0.67 0.67 0.69 0.69 0.69 0.686
Net Debt/Equity 0.70 0.94 0.94 0.94 0.94 0.88 0.88 0.88 0.88 0.65 0.65 0.65 0.65 0.64 0.64 0.64 0.64 0.67 0.67 0.67 0.671
Debt/Assets 0.31 0.39 0.39 0.39 0.39 0.38 0.38 0.38 0.38 0.32 0.32 0.32 0.32 0.32 0.32 0.32 0.32 0.32 0.32 0.32 0.322
Debt/EBITDA 3.42 5.48 5.51 5.43 5.26 5.62 5.34 5.13 5.03 4.09 3.88 3.60 3.48 3.88 3.73 3.56 3.49 3.90 3.83 3.64 3.643
Net Debt/EBITDA 3.41 5.39 5.42 5.34 5.18 5.58 5.31 5.10 5.00 4.08 3.87 3.59 3.47 3.73 3.59 3.43 3.36 3.82 3.75 3.56 3.563
Interest Coverage 11.36 11.09 11.14 10.82 10.50 9.54 8.66 8.47 8.27 8.74 8.34 8.20 8.05 8.50 8.85 9.67 10.12 9.61 11.50 12.92 12.922
Equity Multiplier 2.26 2.48 2.48 2.48 2.48 2.36 2.36 2.36 2.36 2.07 2.07 2.07 2.07 2.07 2.07 2.07 2.07 2.13 2.13 2.13 2.132
Cash Ratio snapshot only 0.150
Debt Service Coverage snapshot only 18.415
Cash to Debt snapshot only 0.022
FCF to Debt snapshot only -0.214
Defensive Interval snapshot only 282.8 days
Efficiency & Turnover
Metric Trend 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 0.23 0.19 0.20 0.22 0.23 0.20 0.22 0.22 0.21 0.19 0.18 0.18 0.18 0.17 0.18 0.19 0.19 0.17 0.18 0.18 0.180
Inventory Turnover 12.77 10.96 11.62 13.57 14.59 8.29 9.65 9.05 8.38 6.68 5.42 5.31 5.22 7.51 7.24 8.05 9.13 11.84 12.29 12.53 12.534
Receivables Turnover 17.39 15.41 15.86 17.35 18.31 14.46 16.09 15.71 15.18 14.40 13.30 13.66 13.79 14.58 14.64 15.71 16.19 13.77 14.26 14.30 14.296
Payables Turnover 10.24 9.36 9.92 11.58 12.46 9.90 11.53 10.81 10.01 9.30 7.55 7.39 7.26 6.26 6.03 6.70 7.61 6.20 6.43 6.56 6.559
DSO 21 24 23 21 20 25 23 23 24 25 27 27 26 25 25 23 23 27 26 26 25.5 days
DIO 29 33 31 27 25 44 38 40 44 55 67 69 70 49 50 45 40 31 30 29 29.1 days
DPO 36 39 37 32 29 37 32 34 36 39 48 49 50 58 61 54 48 59 57 56 55.7 days
Cash Conversion Cycle 14 18 18 16 16 32 29 30 31 41 46 46 46 15 15 14 15 -2 -1 -1 -1.0 days
Fixed Asset Turnover snapshot only 0.191
Operating Cycle snapshot only 54.7 days
Cash Velocity snapshot only 23.951
Capital Intensity snapshot only 5.922
Growth (YoY)
Metric Trend 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 18.8% 20.8% 22.6% 19.8% 22.1% 23.3% 33.3% 19.0% 9.0% 1.8% -15.5% -11.1% -7.2% -2.6% 5.9% 10.6% 12.9% 12.9% 16.4% 8.8% 8.81%
Net Income 14.7% 10.7% 8.8% 4.0% 10.2% 16.4% 14.3% 14.4% 11.6% 14.4% 16.1% 20.5% 22.5% 17.7% 17.1% 13.7% 12.7% 14.9% 15.4% 18.4% 18.40%
EPS 7.4% 2.7% 3.4% -2.1% 3.3% 10.1% 7.7% 9.0% 7.2% 8.7% 10.0% 14.7% 16.6% 14.4% 11.1% 7.3% 7.3% 9.5% 10.4% 13.2% 13.19%
FCF -2.4% -2.4% -3.0% 51.3% 54.1% 52.0% 57.0% 1.4% 1.4% 1.4% 1.5% -3.2% -3.6% -2.8% -2.7% -4.7% -13.5% -25.6% -26.4% -52.5% -52.53%
EBITDA 11.4% 9.5% 4.1% 0.4% 3.2% 7.9% 14.1% 17.0% 15.9% 16.8% 17.1% 21.3% 23.1% 20.4% 18.8% 15.3% 13.6% 13.7% 11.5% 11.9% 11.89%
Op. Income 12.5% 9.8% 1.4% -3.8% -0.9% 1.8% 9.6% 13.4% 12.3% 15.9% 18.5% 26.9% 30.0% 27.0% 23.6% 17.3% 15.2% 15.1% 14.1% 17.2% 17.23%
OCF Growth snapshot only -3.64%
Asset Growth snapshot only 14.73%
Equity Growth snapshot only 11.53%
Debt Growth snapshot only 14.45%
Shares Change snapshot only 4.60%
Dividend Growth snapshot only 15.07%
Growth (CAGR)
Metric Trend 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 1.9% 3.0% 4.1% 8.8% 11.7% 13.1% 17.2% 17.9% 16.5% 14.9% 11.4% 8.2% 7.3% 6.9% 6.1% 5.4% 4.5% 3.8% 1.4% 2.3% 2.26%
Revenue 5Y 4.4% 4.8% 4.6% 5.7% 6.4% 8.8% 10.2% 8.0% 7.1% 6.5% 4.9% 6.4% 7.1% 7.5% 7.6% 10.0% 10.6% 10.8% 11.2% 8.8% 8.80%
EPS 3Y -1.1% -2.6% 9.9% 8.9% 8.9% 8.7% 8.6% 8.4% 5.9% 7.1% 7.0% 7.0% 8.9% 11.0% 9.6% 10.3% 10.3% 10.8% 10.5% 11.7% 11.66%
EPS 5Y 9.7% 8.3% 8.1% 7.2% 7.6% 8.1% 0.8% 1.4% 1.4% 2.0% 9.5% 10.0% 10.0% 9.8% 9.4% 9.4% 8.3% 9.0% 8.5% 8.2% 8.24%
Net Income 3Y 4.4% 3.3% 16.0% 14.6% 15.2% 14.8% 14.4% 14.2% 12.2% 13.8% 13.0% 12.7% 14.6% 16.1% 15.8% 16.2% 15.5% 15.7% 16.2% 17.5% 17.51%
Net Income 5Y 15.0% 13.7% 13.4% 12.9% 13.7% 14.3% 6.4% 6.7% 6.9% 8.0% 15.7% 15.7% 15.9% 15.3% 15.3% 15.3% 14.3% 14.8% 14.3% 14.1% 14.05%
EBITDA 3Y 9.1% 8.6% 8.5% 7.7% 8.5% 9.2% 9.8% 10.2% 10.0% 11.4% 11.6% 12.6% 13.7% 14.9% 16.7% 17.9% 17.5% 17.0% 15.8% 16.1% 16.12%
EBITDA 5Y 8.3% 7.8% 7.1% 6.6% 6.9% 7.4% 7.6% 8.6% 9.2% 10.0% 11.3% 12.1% 12.7% 12.9% 13.0% 13.4% 13.2% 13.6% 13.0% 13.0% 12.98%
Gross Profit 3Y 7.8% 7.8% 7.6% 7.1% 8.1% 8.6% 9.4% 9.7% 9.7% 10.3% 10.5% 11.1% 11.9% 12.5% 13.8% 15.0% 12.1% 10.8% 10.5% 8.7% 8.75%
Gross Profit 5Y 7.8% 7.7% 7.1% 6.7% 6.9% 7.0% 7.1% 7.8% 8.1% 8.8% 9.7% 10.4% 11.1% 11.3% 11.6% 12.0% 10.6% 10.0% 9.8% 8.5% 8.48%
Op. Income 3Y 7.9% 7.6% 6.9% 5.8% 6.7% 7.3% 8.2% 8.0% 7.8% 9.0% 9.6% 11.4% 13.1% 14.4% 17.1% 19.0% 18.9% 19.2% 18.7% 20.4% 20.38%
Op. Income 5Y 7.1% 6.6% 5.5% 4.6% 4.7% 4.8% 4.9% 6.1% 6.9% 8.0% 9.7% 11.2% 12.2% 12.7% 13.2% 13.4% 13.4% 13.6% 13.2% 13.7% 13.73%
FCF 3Y
FCF 5Y
OCF 3Y 0.9% 3.8% 0.3% 4.2% 45.8% 45.8% 49.4% 50.9% 26.6% 26.5% 28.0% 23.4% -16.6% -16.56%
OCF 5Y 1.5% 1.8% 2.4% 3.7% 24.8% 23.1% 25.2% 25.8% 10.8% 12.8% 12.3% 12.6% 13.3% 14.0% 14.6% 15.2%
Assets 3Y 12.6% 18.2% 18.2% 18.2% 18.2% 18.4% 18.4% 18.4% 18.4% 13.6% 13.6% 13.6% 13.6% 8.7% 8.7% 8.7% 8.7% 9.2% 9.2% 9.2% 9.21%
Assets 5Y 11.1% 14.4% 14.4% 14.4% 14.4% 15.6% 15.6% 15.6% 15.6% 13.7% 13.7% 13.7% 13.7% 13.5% 13.5% 13.5% 13.5% 13.5% 13.5% 13.5% 13.48%
Equity 3Y 20.3% 18.3% 18.3% 18.3% 18.3% 17.9% 17.9% 17.9% 17.9% 17.0% 17.0% 17.0% 17.0% 15.4% 15.4% 15.4% 15.4% 12.9% 12.9% 12.9% 12.91%
Book Value 3Y 14.0% 11.5% 12.2% 12.5% 11.9% 11.6% 11.9% 11.8% 11.3% 10.1% 10.7% 11.0% 11.1% 10.3% 9.2% 9.6% 10.2% 8.2% 7.4% 7.3% 7.29%
Dividend 3Y -1.0% -1.3% -0.7% -0.3% -0.8% -0.5% -0.2% -0.4% -1.1% -1.5% -1.0% -0.7% -0.5% 0.0% -1.1% -0.9% -0.7% -0.4% -0.7% -0.4% -0.42%
Growth Quality
Metric Trend 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 0.37 0.43 0.40 0.52 0.51 0.68 0.61 0.64 0.67 0.69 0.53 0.74 0.82 0.84 0.58 0.76 0.80 0.82 0.62 0.75 0.746
Earnings Stability 0.80 0.80 0.68 0.73 0.79 0.80 0.69 0.73 0.79 0.80 0.99 0.97 0.97 0.98 0.98 0.97 0.97 0.98 0.97 0.96 0.956
Margin Stability 0.90 0.90 0.89 0.90 0.90 0.91 0.88 0.89 0.90 0.90 0.86 0.88 0.89 0.89 0.86 0.86 0.88 0.89 0.86 0.89 0.885
Rev. Growth Consistency 0.50 0.50 0.50 1.00 1.00 1.00 1.00 1.00 1.00 1.00 0.00 0.00 0.00 0.00 0.50 0.50 0.50 0.50 1.00 1.00 1.000
Earn. Growth Consistency 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.000
FCF Positive Streak 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Earnings Persistence 0.94 0.96 0.96 0.98 0.96 0.93 0.94 0.94 0.95 0.94 0.94 0.92 0.91 0.93 0.93 0.95 0.95 0.94 0.94 0.93 0.926
Earnings Smoothness 0.86 0.90 0.92 0.96 0.90 0.85 0.87 0.87 0.89 0.87 0.85 0.81 0.80 0.84 0.84 0.87 0.88 0.86 0.86 0.83 0.832
ROE Trend -0.00 -0.00 -0.01 -0.01 -0.01 -0.00 -0.01 -0.01 -0.01 -0.00 -0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.01 0.01 0.007
Gross Margin Trend -0.00 -0.02 -0.05 -0.08 -0.09 -0.09 -0.12 -0.06 -0.02 0.02 0.10 0.13 0.13 0.12 0.12 0.08 0.03 -0.01 -0.05 -0.06 -0.059
FCF Margin Trend -0.61 -0.61 -0.67 0.24 0.26 0.26 0.32 0.73 0.71 0.78 0.82 -0.19 -0.18 -0.19 -0.25 -0.20 -0.20 -0.25 -0.27 -0.11 -0.109
Sustainable Growth Rate 5.9% 4.6% 4.9% 5.1% 5.3% 4.6% 4.7% 4.9% 4.9% 4.5% 4.7% 5.3% 5.4% 4.8% 5.0% 5.3% 5.4% 5.0% 5.2% 5.8% 5.77%
Internal Growth Rate 2.6% 2.0% 2.1% 2.2% 2.3% 1.9% 2.0% 2.1% 2.1% 2.1% 2.2% 2.5% 2.5% 2.4% 2.5% 2.6% 2.7% 2.4% 2.5% 2.8% 2.82%
Cash Flow Quality
Metric Trend 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 -1.49 -1.63 -1.69 1.32 1.34 1.26 1.39 3.89 3.90 3.91 3.80 1.56 1.60 1.66 1.63 1.71 1.76 1.71 1.66 1.39 1.394
FCF/OCF 2.86 2.82 2.86 -1.41 -1.33 -1.50 -1.31 0.17 0.14 0.19 0.21 -0.80 -0.74 -0.69 -0.73 -0.67 -0.68 -0.74 -0.78 -1.06 -1.062
FCF/Net Income snapshot only -1.479
OCF/EBITDA snapshot only 0.735
CapEx/Revenue 57.0% 57.8% 62.7% 60.3% 57.8% 58.2% 54.7% 58.5% 63.5% 65.6% 70.4% 69.2% 69.6% 70.5% 73.1% 72.5% 73.7% 75.7% 76.1% 79.2% 79.23%
CapEx/Depreciation snapshot only 5.077
Accruals Ratio 0.12 0.10 0.11 -0.01 -0.01 -0.01 -0.01 -0.11 -0.12 -0.12 -0.12 -0.03 -0.03 -0.03 -0.03 -0.03 -0.04 -0.03 -0.03 -0.02 -0.020
Sloan Accruals snapshot only -0.042
Cash Flow Adequacy snapshot only 0.420
Earnings Quality Score snapshot only 1.000
Dividends & Buybacks
Metric Trend 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 2.8% 3.1% 2.6% 2.3% 2.5% 2.8% 2.6% 2.7% 2.6% 2.9% 2.7% 2.7% 2.8% 2.4% 2.4% 2.2% 2.2% 2.0% 2.1% 1.9% 2.10%
Dividend/Share $2.38 $2.42 $2.51 $2.54 $2.58 $2.66 $2.75 $2.80 $2.85 $2.89 $2.98 $3.05 $3.12 $3.22 $3.22 $3.27 $3.34 $3.45 $3.51 $3.60 $3.74
Payout Ratio 45.9% 48.7% 48.1% 48.0% 48.2% 48.5% 48.9% 48.5% 49.6% 48.6% 48.2% 46.1% 46.5% 47.3% 46.9% 46.2% 46.5% 46.2% 46.3% 44.9% 44.90%
FCF Payout Ratio 71.9% 88.8% 65.8% 60.5%
Total Payout Ratio 45.9% 48.7% 48.1% 48.0% 48.2% 48.5% 48.9% 48.5% 49.6% 48.6% 48.2% 46.1% 46.5% 47.3% 46.9% 46.2% 46.5% 46.2% 46.3% 44.9% 44.90%
Div. Increase Streak 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1
Chowder Number 0.17 0.18 0.18 0.18 0.18 0.19 0.19 0.18 0.17 0.17 0.17 0.17 0.18 0.17 0.16 0.16 0.15 0.14 0.16 0.17 0.170
Buyback 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% 0.0% 0.0% 0.0% 0.0% 0.00%
Net Buyback Yield -6.6% -5.9% -5.3% -5.1% -5.8% -6.0% -5.1% -3.7% -4.9% -5.4% -5.1% -4.1% -5.1% -3.7% -4.1% -3.7% -2.4% -2.6% -2.9% -3.2% -3.18%
Total Shareholder Return -3.8% -2.8% -2.6% -2.7% -3.3% -3.1% -2.4% -1.0% -2.3% -2.5% -2.4% -1.4% -2.4% -1.3% -1.8% -1.5% -0.2% -0.5% -0.8% -1.2% -1.23%
DuPont Factors
Metric Trend 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) 0.81 0.81 0.87 0.90 0.91 0.91 0.89 0.89 0.89 0.89 0.87 0.86 0.85 0.84 0.83 0.82 0.81 0.81 0.81 0.80 0.801
Interest Burden (EBT/EBIT) 0.91 0.91 0.91 0.91 0.90 0.89 0.88 0.88 0.88 0.88 0.87 0.87 0.87 0.87 0.87 0.88 0.89 0.90 0.92 0.94 0.938
EBIT Margin 0.28 0.26 0.25 0.23 0.23 0.23 0.22 0.23 0.24 0.27 0.31 0.33 0.34 0.34 0.36 0.35 0.35 0.35 0.35 0.37 0.367
Asset Turnover 0.23 0.19 0.20 0.22 0.23 0.20 0.22 0.22 0.21 0.19 0.18 0.18 0.18 0.17 0.18 0.19 0.19 0.17 0.18 0.18 0.180
Equity Multiplier 2.29 2.38 2.38 2.38 2.38 2.41 2.41 2.41 2.41 2.20 2.20 2.20 2.20 2.07 2.07 2.07 2.07 2.10 2.10 2.10 2.104
Per Share
Metric Trend 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) $5.19 $4.98 $5.21 $5.28 $5.36 $5.48 $5.62 $5.76 $5.74 $5.96 $6.18 $6.61 $6.70 $6.81 $6.86 $7.09 $7.18 $7.47 $7.58 $8.02 $8.02
Book Value/Share $51.65 $59.14 $59.14 $57.61 $56.39 $66.70 $66.36 $65.42 $64.48 $73.11 $72.57 $71.85 $70.86 $79.45 $77.03 $75.78 $75.43 $84.44 $82.24 $80.80 $89.56
Tangible Book/Share $46.09 $53.67 $53.67 $52.28 $51.17 $61.52 $61.21 $60.34 $59.48 $67.58 $67.07 $66.40 $65.49 $74.13 $71.87 $70.71 $70.38 $79.42 $77.35 $75.99 $75.99
Revenue/Share $25.20 $25.49 $26.22 $27.95 $28.86 $29.75 $32.92 $31.70 $30.19 $28.76 $26.37 $26.81 $26.69 $27.22 $26.50 $27.96 $28.69 $29.29 $29.53 $29.09 $29.32
FCF/Share $-22.09 $-22.84 $-25.26 $-9.88 $-9.51 $-10.39 $-10.22 $3.89 $3.20 $4.40 $4.91 $-8.24 $-7.89 $-7.86 $-8.16 $-8.14 $-8.52 $-9.42 $-9.87 $-11.87 $-11.96
OCF/Share $-7.73 $-8.11 $-8.82 $6.98 $7.16 $6.92 $7.78 $22.43 $22.39 $23.27 $23.47 $10.30 $10.70 $11.33 $11.22 $12.14 $12.61 $12.76 $12.59 $11.18 $11.27
Cash/Share $0.16 $0.87 $0.87 $0.85 $0.83 $0.37 $0.36 $0.36 $0.35 $0.10 $0.10 $0.10 $0.10 $2.01 $1.95 $1.92 $1.91 $1.27 $1.24 $1.21 $0.76
EBITDA/Share $10.59 $10.33 $10.27 $10.15 $10.25 $10.55 $11.04 $11.33 $11.40 $11.71 $12.25 $13.08 $13.36 $13.70 $13.81 $14.23 $14.45 $14.85 $14.73 $15.22 $15.22
Debt/Share $36.27 $56.57 $56.57 $55.10 $53.93 $59.27 $58.97 $58.13 $57.30 $47.91 $47.55 $47.08 $46.43 $53.12 $51.51 $50.67 $50.44 $57.94 $56.43 $55.44 $55.44
Net Debt/Share $36.11 $55.70 $55.70 $54.25 $53.10 $58.90 $58.61 $57.77 $56.95 $47.81 $47.45 $46.98 $46.33 $51.11 $49.56 $48.76 $48.53 $56.67 $55.19 $54.23 $54.23
Academic Models
Metric Trend 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 1.802
Altman Z-Prime snapshot only 2.984
Piotroski F-Score 5 4 4 6 6 7 7 8 8 7 6 6 6 7 7 7 7 6 6 6 6
Beneish M-Score -1.79 -1.55 -1.53 -2.01 -2.02 -2.31 -2.18 -2.93 -2.94 -3.22 -3.21 -2.71 -2.71 -2.56 -2.61 -2.55 -2.28 -2.33 -2.41 -2.37 -2.367
Ohlson O-Score snapshot only -8.165
ROIC (Greenblatt) snapshot only 7.13%
Net-Net WC snapshot only $-86.02
EVA snapshot only $-863455034.86
Credit
Metric Trend 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 44.92 40.86 40.41 47.64 46.88 41.02 44.65 47.70 47.10 46.70 48.92 45.33 45.47 47.90 47.36 47.54 49.69 47.08 50.45 51.56 51.562
Credit Grade snapshot only 10
Credit Trend snapshot only 4.022
Implied Spread (bps) snapshot only 350.000
Industry Credit Rank snapshot only 48
Sector Credit Rank snapshot only 66

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For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms