$85.12

+2.68 (+3.25%)

After Hours: $85.50 (+0.38, +0.45%)

Weekly Expected Move ±8.1%

$71 $78 $85 $92 $99

NYSE · Technology · Hardware, Equipment & Parts · Alpha Radar Buy · Power 62 · $3.1B mcap · 35M float · 1.17% daily turnover · Short 50% 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

38.6 / 100

NoneWeakNarrowWide

Primary source: Cost Advantage · ROIC: 4.4% · 5Y Avg: 5.6%

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. BHE has No discernible competitive edge (38.6/100). The business operates without significant structural advantages. The primary source of advantage is Cost Advantage. ROIC of 4.4% 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

$80

Low

$86

Avg Target

$92

High

Based on 2 analysts since Apr 29, 2026 earnings

Analyst Recommendations

Strong Buy: 0Buy: 3Hold: 5Sell: 1Strong Sell: 0

Rating Summary

ConsensusHold

Avg Target$86.00

Analysts2

Price Target Change History

Date	Firm	Analyst	Old	New	Change	Upside @ Call	Stock@Call
2026-04-30	Needham	—	$62	$80	+18	+6.1%	$75.38
2026-04-30	Lake Street	—	$62	$92	+30	+26.9%	$72.50
2026-02-04	Lake Street	Max Michaelis	$57	$62	+5	+7.6%	$57.63
2026-02-04	Needham	James Ricchiuti	$34	$62	+28	+10.7%	$56.02
2026-01-23	Lake Street	—	$51	$57	+6	+14.4%	$49.83
2025-11-05	Lake Street	—	Initiated	$51	—	+10.4%	$46.19
2022-08-04	Needham	—	Initiated	$34	—	+29.0%	$26.35

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.

May 22, 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. BHE receives an overall rating of B. Strongest factors: DCF (4/5), P/B (4/5). Areas of concern: D/E (2/5), P/E (1/5).

Rating Change History

Date	From	To
2026-05-12	B+	B
2026-04-29	B	B+
2026-04-10	B-	B
2026-02-10	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.

★ ★ ★ ★ ★ 42 Grade B

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. BHE scores highest in Balance Sheet (80/100) and lowest in Profitability (11/100). A grade of B indicates above-average fundamentals with room for improvement in select areas.

Risk & Quality Signals

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

Altman Z-Score

3.21

Safe Zone

Piotroski F-Score

6/9

✓ ✓ ✗ ✓ ✗ ✗ ✓ ✓ ✓

Beneish M-Score

-3.00

Unlikely Manipulator

Ohlson O-Score

-7.94

Bankruptcy prob: 0.0%

Low Risk

Credit Rating

Score: 71.5/100

Trend: Improving

Earnings Quality

100/100

OCF/NI: 4.07x

Accruals: -5.0%

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. BHE scores 3.21, placing it in the Safe Zone (safe > 2.99, distress < 1.81). Bankruptcy is statistically unlikely within the next two years. 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. BHE 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. BHE's score of -3.00 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. BHE'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. BHE receives an estimated rating of A (score: 71.5/100), 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). BHE'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

88.53x

PEG

-2.55x

P/S

1.12x

P/B

2.76x

P/FCF

23.42x

P/OCF

14.58x

EV/EBITDA

13.52x

EV/Revenue

0.78x

EV/EBIT

19.17x

EV/FCF

24.41x

Earnings Yield

1.68%

FCF Yield

4.27%

Shareholder Yield

0.11%

Graham Number

$25.37

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 88.5x earnings, BHE is priced for high growth expectations. Graham's intrinsic value formula yields $25.37 per share, 235% 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

0.478

NI / EBT

Interest Burden

0.647

EBT / EBIT

EBIT Margin

0.041

EBIT / Rev

Asset Turnover

1.284

Rev / Assets

Equity Multiplier

1.903

Assets / Equity

ROE

3.1%

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. BHE's ROE of 3.1% is driven by Asset Turnover (1.284), indicating efficient use of assets to generate revenue. A tax burden ratio of 0.48 suggests the company retains less than 60% of pre-tax earnings after taxes.

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

0.00%

Fair P/E

8.50x

Intrinsic Value

$8.02

Price/Value

6.99x

Margin of Safety

-598.93%

Premium

598.93%

Assessment

Overvalued

Graham's classic formula uses analyst-projected growth to estimate a fair P/E (8.5 + 2g). Our adjusted version replaces that projection with BHE's realized 0.0% 3-year EPS CAGR — what the company actually delivered, not what analysts hope for. BHE trades at a 599% premium to its adjusted intrinsic value of $8.02, 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 88.5x.

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

$85.17

Median 1Y

$95.05

5th Pctile

$50.83

95th Pctile

$177.27

Ann. Volatility

40.0%

Analyst Target

$86.00

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

Executive	Salary	Stock	Total
Jeffrey W. Benck Former President, Chief Executive Officer	$1,025,885	$5,000,000	$7,411,869
David A. Valkanoff Executive Vice President, Chief Operating Officer	$493,351	$1,400,000	$2,370,068
David A. Moezidis President, Chief Executive Officer	$530,537	$1,400,000	$2,357,977
Stephen J. Beaver Senior Vice President, General Counsel and Chief Legal Officer, Corporate Secretary	$471,635	$1,200,000	$2,030,391
Bryan R. Schumaker Executive Vice President, Chief Financial Officer	$539,115	$750,000	$1,753,470

CEO Pay Ratio

550:1

CEO-to-Employee Pay Ratio

CEO Total Comp: $7,411,869

Avg Employee Cost (SGA/emp): $13,485

Employees: 11,840

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

11,840

+1.2% YoY

Revenue / Employee

$224,587

Rev: $2,659,108,000

Profit / Employee

$2,099

NI: $24,852,000

SGA / Employee

$13,485

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	Q2'21	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	Current
ROE	2.9%	3.1%	3.6%	4.0%	5.0%	6.1%	6.8%	7.0%	6.6%	6.8%	6.1%	6.3%	6.4%	5.9%	5.8%	4.8%	3.5%	3.4%	2.2%	3.1%	3.09%
ROA	1.6%	1.8%	2.0%	2.1%	2.7%	3.3%	3.3%	3.4%	3.2%	3.3%	2.9%	2.9%	3.0%	2.8%	2.9%	2.4%	1.7%	1.7%	1.2%	1.6%	1.63%
ROIC	4.3%	4.6%	4.5%	4.8%	5.9%	7.1%	5.9%	6.4%	6.5%	6.8%	6.9%	7.0%	7.1%	6.8%	7.1%	5.9%	4.2%	4.0%	3.2%	4.4%	4.39%
ROCE	3.5%	3.7%	4.3%	4.6%	5.6%	6.7%	6.6%	7.0%	7.2%	7.7%	7.2%	7.5%	7.6%	7.2%	7.4%	6.6%	6.3%	6.2%	6.8%	7.7%	7.70%
Gross Margin	8.8%	9.4%	9.8%	9.1%	8.1%	8.7%	9.6%	9.2%	9.1%	9.6%	10.3%	10.0%	10.2%	10.1%	10.3%	10.0%	10.1%	9.9%	10.4%	10.2%	10.24%
Operating Margin	2.0%	2.1%	2.9%	2.4%	3.1%	3.3%	3.6%	3.3%	3.3%	4.2%	4.6%	3.8%	4.1%	4.3%	4.3%	1.9%	3.2%	3.8%	5.1%	4.0%	3.97%
Net Margin	1.4%	1.4%	2.0%	1.7%	2.4%	2.4%	2.8%	1.8%	1.9%	2.8%	2.5%	2.1%	2.3%	2.3%	2.8%	0.6%	0.2%	2.1%	0.8%	1.9%	1.92%
EBITDA Margin	4.1%	4.1%	4.7%	4.1%	4.7%	4.9%	5.7%	4.7%	5.1%	6.3%	6.1%	5.6%	5.8%	5.9%	6.3%	4.0%	5.4%	5.4%	6.6%	5.7%	5.71%
FCF Margin	5.2%	2.5%	-1.9%	-6.6%	-7.1%	-6.1%	-7.7%	-6.8%	-5.2%	-3.3%	3.4%	7.2%	8.5%	9.1%	5.9%	5.4%	3.0%	2.9%	3.2%	3.2%	3.21%
OCF Margin	6.7%	4.4%	-0.1%	-4.5%	-5.3%	-4.6%	-6.1%	-4.6%	-2.9%	-0.5%	6.1%	8.8%	10.1%	10.4%	7.1%	6.6%	4.4%	4.3%	4.7%	5.2%	5.16%
ROE 3Y Avg	snapshot only																				4.66%
ROE 5Y Avg	snapshot only																				4.95%
ROA 3Y Avg	snapshot only																				2.34%
ROIC 3Y Avg	snapshot only																				3.28%
ROIC Economic	snapshot only																				3.58%
Cash ROA	snapshot only																				6.73%
Cash ROIC	snapshot only																				11.77%
CROIC	snapshot only																				7.33%
NOPAT Margin	snapshot only																				1.93%
Pretax Margin	snapshot only																				2.65%
R&D / Revenue	snapshot only																				0.00%
SGA / Revenue	snapshot only																				5.99%
SBC / Revenue	snapshot only																				0.67%

Valuation

Metric	Q2'21	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	Current
P/E Ratio	32.27	28.05	24.68	21.19	15.28	13.83	13.17	11.52	13.29	12.34	14.99	16.16	20.91	25.56	25.95	26.05	36.49	37.39	62.27	59.41	88.529
P/S Ratio	0.44	0.41	0.39	0.34	0.29	0.30	0.31	0.27	0.30	0.29	0.34	0.38	0.51	0.59	0.62	0.53	0.54	0.53	0.58	0.75	1.124
P/B Ratio	0.94	0.88	0.91	0.84	0.76	0.84	0.88	0.78	0.86	0.82	0.89	0.99	1.31	1.48	1.48	1.24	1.26	1.25	1.41	1.85	2.764
P/FCF	8.61	16.45	-20.77	-5.21	-4.08	-4.91	-4.04	-3.99	-5.76	-8.79	9.98	5.26	6.03	6.51	10.53	9.80	17.90	18.62	18.12	23.42	23.421
P/OCF	6.62	9.31	—	—	—	—	—	—	—	—	5.53	4.30	5.06	5.69	8.68	8.01	12.34	12.54	12.48	14.58	14.579
EV/EBITDA	8.36	7.54	8.49	7.62	6.10	6.03	7.79	6.79	7.17	6.56	7.20	7.60	9.64	11.25	10.79	9.90	10.34	10.42	11.38	13.52	13.517
EV/Revenue	0.36	0.32	0.37	0.32	0.27	0.28	0.38	0.34	0.37	0.36	0.40	0.44	0.58	0.66	0.64	0.55	0.56	0.55	0.61	0.78	0.784
EV/EBIT	17.17	14.71	15.45	13.47	9.97	9.20	11.34	9.69	10.20	9.17	10.09	10.57	13.36	15.86	15.29	14.58	15.51	15.77	16.78	19.17	19.169
EV/FCF	6.96	13.08	-19.58	-4.89	-3.80	-4.60	-4.96	-5.01	-7.09	-10.93	11.82	6.13	6.79	7.23	10.86	10.17	18.55	19.30	19.12	24.41	24.406
Earnings Yield	3.1%	3.6%	4.1%	4.7%	6.5%	7.2%	7.6%	8.7%	7.5%	8.1%	6.7%	6.2%	4.8%	3.9%	3.9%	3.8%	2.7%	2.7%	1.6%	1.7%	1.68%
FCF Yield	11.6%	6.1%	-4.8%	-19.2%	-24.5%	-20.4%	-24.8%	-25.0%	-17.4%	-11.4%	10.0%	19.0%	16.6%	15.4%	9.5%	10.2%	5.6%	5.4%	5.5%	4.3%	4.27%
Price/Tangible Book	snapshot only																				1.849
EV/OCF	snapshot only																				15.192
EV/Gross Profit	snapshot only																				7.714
Acquirers Multiple	snapshot only																				19.461
Shareholder Yield	snapshot only																				0.11%
Graham Number	snapshot only																				$25.37

Leverage & Solvency

Metric	Q2'21	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	Current
Current Ratio	2.50	2.50	2.06	2.06	2.06	2.06	2.21	2.21	2.21	2.21	2.29	2.29	2.29	2.29	2.32	2.32	2.32	2.32	2.28	2.28	2.278
Quick Ratio	1.82	1.82	1.26	1.26	1.26	1.26	1.23	1.23	1.23	1.23	1.33	1.33	1.33	1.33	1.46	1.46	1.46	1.46	1.52	1.52	1.519
Debt/Equity	0.21	0.21	0.23	0.23	0.23	0.23	0.40	0.40	0.40	0.40	0.42	0.42	0.42	0.42	0.33	0.33	0.33	0.33	0.37	0.37	0.371
Net Debt/Equity	-0.18	-0.18	-0.05	-0.05	-0.05	-0.05	0.20	0.20	0.20	0.20	0.16	0.16	0.16	0.16	0.05	0.05	0.05	0.05	0.08	0.08	0.078
Debt/Assets	0.12	0.12	0.12	0.12	0.12	0.12	0.18	0.18	0.18	0.18	0.20	0.20	0.20	0.20	0.17	0.17	0.17	0.17	0.20	0.20	0.197
Debt/EBITDA	2.35	2.31	2.26	2.18	1.95	1.73	2.91	2.78	2.72	2.59	2.87	2.78	2.76	2.88	2.33	2.53	2.61	2.64	2.84	2.60	2.602
Net Debt/EBITDA	-1.98	-1.94	-0.52	-0.50	-0.45	-0.40	1.44	1.38	1.35	1.28	1.12	1.08	1.07	1.12	0.33	0.35	0.36	0.37	0.60	0.55	0.546
Interest Coverage	5.14	5.61	6.36	7.10	8.49	8.66	7.54	5.90	4.50	3.97	3.55	3.60	3.79	3.80	4.12	3.93	3.84	4.12	4.83	5.97	5.972
Equity Multiplier	1.76	1.76	1.96	1.96	1.96	1.96	2.17	2.17	2.17	2.17	2.11	2.11	2.11	2.11	1.92	1.92	1.92	1.92	1.88	1.88	1.884
Cash Ratio	snapshot only																				0.507
Debt Service Coverage	snapshot only																				8.469
Cash to Debt	snapshot only																				0.790
FCF to Debt	snapshot only																				0.213
Defensive Interval	snapshot only																				1570.6 days

Efficiency & Turnover

Metric	Q2'21	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	Current
Asset Turnover	1.20	1.22	1.24	1.31	1.41	1.52	1.40	1.43	1.43	1.40	1.26	1.25	1.22	1.20	1.20	1.18	1.17	1.18	1.26	1.28	1.284
Inventory Turnover	5.95	6.07	4.82	5.09	5.49	5.93	4.21	4.29	4.29	4.20	3.64	3.61	3.51	3.43	3.86	3.79	3.76	3.80	4.61	4.69	4.690
Receivables Turnover	5.28	5.39	6.78	7.17	7.72	8.32	6.81	6.95	6.96	6.84	6.03	5.99	5.85	5.72	6.16	6.06	6.01	6.06	6.62	6.73	6.732
Payables Turnover	6.53	6.66	5.78	6.11	6.59	7.12	6.18	6.31	6.30	6.17	6.49	6.43	6.26	6.11	6.61	6.50	6.45	6.51	6.31	6.42	6.416
DSO	69	68	54	51	47	44	54	53	52	53	61	61	62	64	59	60	61	60	55	54	54.2 days
DIO	61	60	76	72	66	62	87	85	85	87	100	101	104	107	95	96	97	96	79	78	77.8 days
DPO	56	55	63	60	55	51	59	58	58	59	56	57	58	60	55	56	57	56	58	57	56.9 days
Cash Conversion Cycle	75	73	66	63	58	54	81	80	80	81	105	105	108	111	99	100	101	100	76	75	75.2 days
Fixed Asset Turnover	snapshot only																				8.285
Operating Cycle	snapshot only																				132.0 days
Cash Velocity	snapshot only																				8.389
Capital Intensity	snapshot only																				0.766

Growth (YoY)

Metric	Q2'21	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	Current
Revenue	1.4%	5.1%	9.8%	16.7%	22.5%	29.2%	28.0%	23.4%	14.8%	4.7%	-1.6%	-4.2%	-6.7%	-7.2%	-6.4%	-7.4%	-6.0%	-2.9%	0.1%	3.5%	3.53%
Net Income	43.5%	55.4%	1.5%	1.1%	68.4%	91.4%	90.7%	79.4%	36.4%	14.4%	-5.7%	-5.3%	1.6%	-8.1%	-1.5%	-19.7%	-43.1%	-40.3%	-60.8%	-35.4%	-35.38%
EPS	43.9%	56.7%	1.6%	1.2%	71.9%	93.1%	89.6%	78.8%	35.1%	12.7%	-6.6%	-7.4%	-0.6%	-10.0%	-3.4%	-20.1%	-42.7%	-39.5%	-60.3%	-34.8%	-34.79%
FCF	32.3%	1.0%	-1.5%	-2.2%	-2.7%	-4.2%	-4.2%	-27.2%	15.9%	43.1%	1.4%	2.0%	2.5%	3.6%	61.5%	-30.6%	-66.5%	-69.4%	-45.2%	-38.3%	-38.31%
EBITDA	64.4%	70.6%	31.7%	28.7%	25.9%	39.4%	44.3%	46.4%	33.4%	24.3%	12.0%	10.3%	8.8%	-0.9%	-1.0%	-11.6%	-14.7%	-12.0%	-8.5%	8.5%	8.51%
Op. Income	7.4%	10.6%	1.1%	84.9%	58.2%	76.6%	69.7%	72.3%	45.7%	27.8%	21.8%	15.4%	15.9%	8.1%	-0.2%	-14.9%	-22.9%	-23.4%	-14.3%	13.9%	13.86%
OCF Growth	snapshot only																				-19.03%
Asset Growth	snapshot only																				-3.17%
Equity Growth	snapshot only																				-1.21%
Debt Growth	snapshot only																				11.40%
Shares Change	snapshot only																				-0.90%
Dividend Growth	snapshot only																				-99.76%

Growth (CAGR)

Metric	Q2'21	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	Current
Revenue 3Y	-6.3%	-6.1%	-4.2%	-2.3%	0.9%	4.6%	8.4%	10.5%	12.5%	12.4%	11.4%	11.3%	9.5%	7.9%	5.6%	3.1%	0.3%	-1.9%	-2.7%	-2.8%	-2.80%
Revenue 5Y	-2.5%	-1.6%	-0.5%	0.5%	1.7%	2.9%	3.2%	3.3%	2.9%	2.3%	2.0%	1.9%	1.9%	2.2%	3.2%	3.7%	4.6%	5.1%	5.3%	5.8%	5.76%
EPS 3Y	—	—	24.2%	-9.5%	-3.3%	2.9%	44.5%	75.1%	3.7%	—	67.0%	54.3%	32.2%	25.1%	19.6%	9.8%	-8.4%	-15.0%	-29.0%	-21.6%	-21.58%
EPS 5Y	-13.8%	-12.7%	-4.8%	-2.3%	0.7%	6.1%	—	—	—	—	27.6%	4.2%	4.0%	2.0%	22.2%	31.8%	1.3%	—	12.3%	13.8%	13.84%
Net Income 3Y	—	—	16.2%	-13.6%	-6.1%	0.8%	42.8%	72.8%	3.7%	—	66.0%	53.8%	32.7%	26.2%	21.0%	10.9%	-7.6%	-14.4%	-28.6%	-21.1%	-21.08%
Net Income 5Y	-19.2%	-18.2%	-11.0%	-8.8%	-6.2%	-1.2%	—	—	—	—	23.0%	1.8%	2.8%	1.5%	22.0%	31.4%	1.3%	—	12.1%	13.6%	13.57%
EBITDA 3Y	-11.6%	-9.2%	-5.2%	-3.9%	0.5%	5.8%	19.8%	28.5%	40.3%	43.5%	28.6%	27.6%	22.3%	19.7%	17.0%	12.6%	7.4%	2.7%	0.5%	1.9%	1.87%
EBITDA 5Y	-7.8%	-6.8%	-5.9%	-4.6%	-2.7%	-0.5%	1.7%	1.7%	3.1%	5.4%	6.6%	7.5%	8.1%	7.8%	13.8%	15.7%	20.7%	20.8%	14.0%	14.8%	14.78%
Gross Profit 3Y	-7.0%	-5.1%	-2.3%	0.8%	2.6%	4.5%	8.4%	11.3%	16.3%	18.1%	15.7%	16.4%	13.7%	12.0%	9.5%	6.3%	4.2%	2.4%	1.7%	1.6%	1.64%
Gross Profit 5Y	-2.7%	-1.8%	-0.7%	0.9%	1.3%	1.9%	2.3%	2.0%	3.0%	3.7%	4.2%	4.9%	5.1%	4.9%	6.1%	6.9%	8.9%	9.8%	8.9%	9.6%	9.57%
Op. Income 3Y	-17.3%	-11.3%	-3.2%	-0.1%	8.0%	15.5%	46.7%	72.6%	1.7%	2.0%	63.4%	54.4%	38.7%	34.6%	27.3%	19.2%	9.2%	1.9%	1.3%	3.8%	3.79%
Op. Income 5Y	-12.1%	-9.0%	-6.8%	-4.7%	-2.2%	0.7%	2.8%	3.0%	5.5%	9.5%	13.4%	14.7%	16.3%	16.3%	30.8%	38.2%	76.9%	85.0%	30.1%	28.9%	28.92%
FCF 3Y	—	—	—	—	—	—	—	—	—	—	4.8%	16.2%	29.2%	66.7%	—	—	—	—	—	—	—
FCF 5Y	-14.3%	-25.2%	—	—	—	—	—	—	—	—	57.5%	74.2%	14.7%	17.1%	21.9%	30.8%	88.9%	23.4%	0.4%	-7.6%	-7.62%
OCF 3Y	55.9%	34.2%	—	—	—	—	—	—	—	—	13.1%	15.6%	25.6%	44.2%	—	—	—	—	—	—	—
OCF 5Y	-11.8%	-18.2%	—	—	—	—	—	—	—	—	17.8%	29.3%	11.5%	13.1%	15.2%	18.5%	20.7%	12.6%	0.6%	-2.7%	-2.73%
Assets 3Y	-6.0%	-6.0%	0.1%	0.1%	0.1%	0.1%	8.2%	8.2%	8.2%	8.2%	9.3%	9.3%	9.3%	9.3%	4.0%	4.0%	4.0%	4.0%	-2.4%	-2.4%	-2.39%
Assets 5Y	-1.6%	-1.6%	-1.0%	-1.0%	-1.0%	-1.0%	1.2%	1.2%	1.2%	1.2%	3.7%	3.7%	3.7%	3.7%	4.0%	4.0%	4.0%	4.0%	3.5%	3.5%	3.50%
Equity 3Y	-9.4%	-9.4%	-4.9%	-4.9%	-4.9%	-4.9%	0.4%	0.4%	0.4%	0.4%	2.9%	2.9%	2.9%	2.9%	4.6%	4.6%	4.6%	4.6%	2.3%	2.3%	2.33%
Book Value 3Y	-0.5%	-1.0%	1.6%	-0.3%	-2.1%	-2.9%	1.6%	1.8%	1.1%	1.0%	3.5%	3.2%	2.5%	2.0%	3.4%	3.5%	3.7%	3.8%	1.8%	1.7%	1.68%
Dividend 3Y	10.8%	10.0%	7.2%	4.8%	3.1%	2.0%	1.0%	1.2%	0.6%	0.7%	1.0%	0.8%	0.1%	-0.4%	-0.5%	-0.2%	0.2%	0.3%	—	-86.8%	-86.77%

Growth Quality

Metric	Q2'21	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	Current
Revenue Stability	0.42	0.32	0.21	0.08	0.00	0.04	0.09	0.14	0.18	0.18	0.23	0.26	0.34	0.40	0.51	0.51	0.48	0.41	0.37	0.34	0.344
Earnings Stability	0.10	0.08	0.00	0.01	0.02	0.06	0.76	0.46	0.51	0.54	0.72	0.22	0.29	0.27	0.76	0.69	0.47	0.36	0.09	0.10	0.103
Margin Stability	0.96	0.95	0.96	0.96	0.96	0.95	0.97	0.96	0.96	0.95	0.95	0.94	0.94	0.94	0.94	0.94	0.92	0.91	0.92	0.92	0.920
Rev. Growth Consistency	0.50	0.50	0.50	0.50	1.00	1.00	1.00	1.00	1.00	1.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.50	0.50	0.500
Earn. 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	1.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.000
FCF Positive Streak	1	1	0	0	0	0	0	0	0	0	0	0	0	0	1	1	1	1	1	1	1
Earnings Persistence	0.50	0.20	0.50	0.50	0.50	0.50	0.50	0.50	0.85	0.94	0.98	0.98	0.99	0.97	0.99	0.92	0.83	0.84	0.50	0.86	0.858
Earnings Smoothness	0.00	—	0.13	0.27	0.49	0.37	0.38	0.43	0.69	0.87	0.94	0.95	0.98	0.92	0.98	0.78	0.45	0.50	0.13	0.57	0.570
ROE Trend	0.00	0.01	0.02	0.02	0.04	0.05	0.04	0.04	0.03	0.02	0.01	0.01	0.01	-0.01	-0.01	-0.02	-0.03	-0.03	-0.04	-0.02	-0.023
Gross Margin Trend	0.00	0.01	0.00	0.01	0.00	0.00	0.00	-0.00	0.00	0.00	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.00	0.00	0.00	0.002
FCF Margin Trend	0.03	-0.00	-0.05	-0.11	-0.10	-0.08	-0.09	-0.07	-0.04	-0.02	0.08	0.14	0.15	0.14	0.08	0.05	0.01	-0.00	-0.01	-0.03	-0.031
Sustainable Growth Rate	0.6%	0.8%	1.3%	1.6%	2.6%	3.7%	4.5%	4.6%	4.3%	4.5%	3.9%	4.0%	4.2%	3.7%	3.6%	2.6%	1.3%	1.2%	2.2%	3.1%	3.09%
Internal Growth Rate	0.3%	0.4%	0.7%	0.9%	1.4%	2.0%	2.2%	2.3%	2.1%	2.2%	1.8%	1.9%	2.0%	1.8%	1.8%	1.3%	0.6%	0.6%	1.2%	1.6%	1.65%

Cash Flow Quality

Metric	Q2'21	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	Current
OCF/Net Income	4.87	3.01	-0.07	-2.76	-2.80	-2.12	-2.60	-1.93	-1.27	-0.23	2.71	3.75	4.13	4.49	2.99	3.25	2.96	2.98	4.99	4.07	4.075
FCF/OCF	0.77	0.57	16.21	1.47	1.34	1.33	1.25	1.50	1.82	6.14	0.55	0.82	0.84	0.87	0.82	0.82	0.69	0.67	0.69	0.62	0.622
FCF/Net Income	snapshot only																				2.537
OCF/EBITDA	snapshot only																				0.890
CapEx/Revenue	1.5%	1.9%	1.8%	2.1%	1.8%	1.5%	1.6%	2.3%	2.3%	2.8%	2.7%	1.6%	1.6%	1.3%	1.3%	1.2%	1.4%	1.4%	1.4%	1.9%	1.95%
CapEx/Depreciation	snapshot only																				1.139
Accruals Ratio	-0.06	-0.04	0.02	0.08	0.10	0.10	0.12	0.10	0.07	0.04	-0.05	-0.08	-0.09	-0.10	-0.06	-0.05	-0.03	-0.03	-0.05	-0.05	-0.050
Sloan Accruals	snapshot only																				-0.042
Cash Flow Adequacy	snapshot only																				2.646
Earnings Quality Score	snapshot only																				1.000

Dividends & Buybacks

Metric	Q2'21	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	Current
Dividend Yield	2.5%	2.7%	2.6%	2.8%	3.1%	2.8%	2.6%	2.9%	2.6%	2.8%	2.4%	2.2%	1.7%	1.5%	1.5%	1.7%	1.7%	1.8%	0.0%	0.0%	0.80%
Dividend/Share	$0.64	$0.65	$0.66	$0.66	$0.66	$0.66	$0.65	$0.65	$0.65	$0.65	$0.65	$0.65	$0.65	$0.65	$0.65	$0.66	$0.67	$0.68	$0.00	$0.00	$0.68
Payout Ratio	80.5%	75.0%	65.0%	59.9%	47.9%	39.1%	33.9%	33.3%	35.0%	34.3%	36.5%	35.7%	35.0%	37.9%	37.8%	45.6%	63.3%	65.6%	0.0%	0.2%	0.17%
FCF Payout Ratio	21.5%	44.0%	—	—	—	—	—	—	—	—	24.3%	11.6%	10.1%	9.7%	15.3%	17.2%	31.1%	32.7%	0.0%	0.1%	0.07%
Total Payout Ratio	2.1%	2.2%	1.8%	1.4%	87.5%	54.9%	47.7%	38.9%	35.1%	34.5%	36.6%	35.9%	35.0%	46.1%	45.8%	70.3%	1.2%	1.4%	0.0%	6.6%	6.58%
Div. Increase Streak	0	0	0	0	1	0	0	0	0	0	0	0	0	1	1	1	1	1	—	0	0
Chowder Number	0.06	0.05	0.04	0.03	0.03	0.03	0.02	0.02	0.02	0.03	0.04	0.04	0.03	0.03	0.03	0.04	0.05	0.05	—	-1.00	-0.998
Buyback Yield	3.9%	5.3%	4.6%	4.0%	2.6%	1.1%	1.0%	0.5%	0.0%	0.0%	0.0%	0.0%	0.0%	0.3%	0.3%	0.9%	1.5%	1.9%	0.0%	0.1%	0.11%
Net Buyback Yield	3.9%	5.3%	4.5%	3.9%	2.5%	1.1%	1.0%	0.5%	-0.0%	-0.0%	-0.0%	-0.0%	-0.0%	0.3%	0.3%	0.9%	1.5%	1.9%	0.0%	0.1%	0.11%
Total Shareholder Return	6.4%	8.0%	7.2%	6.7%	5.7%	3.9%	3.5%	3.3%	2.6%	2.7%	2.4%	2.2%	1.6%	1.8%	1.7%	2.7%	3.2%	3.6%	0.0%	0.1%	0.11%

DuPont Factors

Metric	Q2'21	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	Current
Tax Burden (NI/EBT)	0.82	0.80	0.79	0.79	0.79	0.80	0.81	0.81	0.80	0.80	0.79	0.78	0.77	0.76	0.75	0.72	0.55	0.54	0.40	0.48	0.478
Interest Burden (EBT/EBIT)	0.81	0.82	0.84	0.86	0.88	0.88	0.87	0.83	0.78	0.75	0.72	0.72	0.74	0.74	0.76	0.75	0.74	0.76	0.63	0.65	0.647
EBIT Margin	0.02	0.02	0.02	0.02	0.03	0.03	0.03	0.04	0.04	0.04	0.04	0.04	0.04	0.04	0.04	0.04	0.04	0.04	0.04	0.04	0.041
Asset Turnover	1.20	1.22	1.24	1.31	1.41	1.52	1.40	1.43	1.43	1.40	1.26	1.25	1.22	1.20	1.20	1.18	1.17	1.18	1.26	1.28	1.284
Equity Multiplier	1.75	1.75	1.86	1.86	1.86	1.86	2.07	2.07	2.07	2.07	2.14	2.14	2.14	2.14	2.01	2.01	2.01	2.01	1.90	1.90	1.903

Per Share

Metric	Q2'21	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	Current
EPS (Diluted TTM)	$0.80	$0.87	$1.01	$1.09	$1.38	$1.68	$1.91	$1.96	$1.86	$1.89	$1.79	$1.81	$1.85	$1.71	$1.73	$1.45	$1.06	$1.03	$0.69	$0.94	$0.94
Book Value/Share	$27.44	$27.75	$27.50	$27.45	$27.56	$27.55	$28.81	$28.84	$28.77	$28.61	$30.01	$29.64	$29.57	$29.46	$30.37	$30.41	$30.71	$30.77	$30.39	$30.32	$30.66
Tangible Book/Share	$20.17	$20.40	$20.26	$20.23	$20.30	$20.30	$21.78	$21.81	$21.75	$21.63	$23.25	$22.96	$22.90	$22.82	$23.92	$23.95	$24.18	$24.23	$30.39	$30.32	$30.32
Revenue/Share	$58.17	$60.10	$63.69	$67.26	$72.70	$78.33	$81.01	$82.74	$82.69	$80.79	$78.96	$77.47	$75.42	$73.45	$72.45	$71.36	$71.40	$72.18	$73.47	$74.56	$75.62
FCF/Share	$3.00	$1.48	$-1.20	$-4.45	$-5.16	$-4.74	$-6.24	$-5.64	$-4.29	$-2.66	$2.69	$5.57	$6.41	$6.69	$4.25	$3.85	$2.16	$2.07	$2.36	$2.39	$2.43
OCF/Share	$3.90	$2.62	$-0.07	$-3.02	$-3.86	$-3.57	$-4.98	$-3.77	$-2.36	$-0.43	$4.85	$6.80	$7.64	$7.65	$5.16	$4.71	$3.13	$3.07	$3.43	$3.85	$3.90
Cash/Share	$10.84	$10.96	$7.67	$7.66	$7.69	$7.69	$5.82	$5.83	$5.81	$5.78	$7.71	$7.62	$7.60	$7.57	$8.60	$8.61	$8.69	$8.71	$8.91	$8.89	$9.08
EBITDA/Share	$2.50	$2.58	$2.77	$2.86	$3.21	$3.62	$3.97	$4.17	$4.25	$4.44	$4.41	$4.49	$4.51	$4.30	$4.28	$3.95	$3.88	$3.84	$3.97	$4.32	$4.32
Debt/Share	$5.89	$5.95	$6.25	$6.23	$6.26	$6.26	$11.55	$11.57	$11.54	$11.47	$12.64	$12.48	$12.45	$12.40	$9.99	$10.00	$10.10	$10.12	$11.27	$11.25	$11.25
Net Debt/Share	$-4.95	$-5.00	$-1.43	$-1.43	$-1.43	$-1.43	$5.73	$5.74	$5.72	$5.69	$4.92	$4.86	$4.85	$4.83	$1.39	$1.39	$1.41	$1.41	$2.36	$2.36	$2.36

Academic Models

Metric	Q2'21	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	Current
Altman Z-Score	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	3.208
Altman Z-Prime	snapshot only																				5.129
Piotroski F-Score	7	7	6	6	5	5	5	6	6	5	6	6	7	6	6	5	5	6	6	6	6
Beneish M-Score	-2.96	-2.75	-2.27	-2.03	-1.80	-1.80	-1.67	-1.79	-1.95	-2.04	-2.79	-2.95	-3.04	-3.03	-2.82	-2.80	-2.70	-2.68	-2.96	-3.00	-3.001
Ohlson O-Score	snapshot only																				-7.939
ROIC (Greenblatt)	snapshot only																				9.71%
Net-Net WC	snapshot only																				$13.13
EVA	snapshot only																				$-66446815.61

Credit

Metric	Q2'21	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	Current
Credit Rating	snapshot only																				A
Credit Score	68.31	65.68	58.61	60.16	62.86	63.47	62.60	59.60	55.11	54.80	61.78	63.05	65.57	65.21	67.69	67.41	66.64	66.14	63.22	71.51	71.509
Credit Grade	snapshot only																				6
Credit Trend	snapshot only																				4.099
Implied Spread (bps)	snapshot only																				150.000
Industry Credit Rank	snapshot only																				56
Sector Credit Rank	snapshot only																				60

BHE NYSE

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

Executive Compensation

C-Suite Compensation

CEO Pay Ratio

C-Suite Pay Equality (Gini)

CEO Compensation Mix

Workforce & Productivity

Scaling Efficiency

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