— Know what they know.
Not Investment Advice
Also trades as: BIP-UN.TO (TSX) · $vol 16M · BIP-PB (NYSE) · $vol 0M · BIP-PA (NYSE) · $vol 0M · BIP-PD.TO (TSX) · $vol 0M · BIP-PE.TO (TSX) · $vol 0M

BIP NYSE

Brookfield Infrastructure Partners L.P.
1W: -1.0% 1M: +5.7% 3M: -12.3% YTD: +8.4% 1Y: +8.3% 3Y: +74.8% 5Y: +17.3%
$36.61
-0.14 (-0.38%)
After Hours: $36.58 (-0.03, -0.08%)
Weekly Expected Move ±3.3%
$35 $36 $37 $38 $39
NYSE · Utilities · Diversified Utilities · Tech Score Buy · Power 61 · $16.9B mcap · 454M float · 0.186% daily turnover · Short 29% of daily vol
Credit Risk of going bust: lower than 54% of companies Debt: 79.8% of company value Bonds: none of note held by US funds details ▾
Of US companies ranked in the middle of the pack, about 1 in 580 filed for bankruptcy within a year (2020-2025).
If the stock fell to about $4.01 (down 89%), Brookfield Infrastructure Partners L.P. would be worth roughly what it owes.
Total debt $66.79B against a stock market value of $16.92B.
Distance to default 5.53 (Merton model): prices to 2026-10-26, balance sheet 2026-06-30, debt counted $33.35B (short-term plus half of long-term), stock volatility 22.0%; Altman Z'' -0.12. A ranking and a back-test, not a forecast.
US fund filings (SEC N-PORT) show under $25M of this company's bonds, so there is no bond page. Its debt may be bank loans or privately placed. How these are computed.

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
56.7 / 100
NoneWeakNarrowWide
Primary source: Efficient Scale  ·  ROIC: 7.3%  ·  5Y Avg: 2.6%
Cost Advantage
52
Intangibles
42
Switching Cost
59
Network Effect
65
Scale ★
75
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. BIP has a Narrow competitive edge (56.7/100) — meaningful but not impregnable advantages over competitors. The primary source of advantage is Efficient Scale. ROIC of 7.3% 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
$44
Low
$47
Avg Target
$50
High
Based on 3 analysts since Jul 30, 2026 earnings
Analyst Recommendations
Strong Buy: 1Buy: 13Hold: 3Sell: 0Strong Sell: 0
Rating Summary
ConsensusBuy
Avg Target$47.00
Analysts3
Price Target Change History
DateFirmAnalystOldNewChangeUpside @ CallStock@Call
2026-10-22 CIBC — $47 $44 -3 +19.2% $36.91
2026-08-12 Morgan Stanley — $48 $50 +2 +26.1% $39.65
2026-07-31 CIBC — $45 $47 +2 +12.2% $41.88
2026-07-21 Morgan Stanley — $45 $48 +3 +23.1% $38.98
2026-05-26 CIBC — Initiated $45 — +14.6% $39.25
2026-01-30 RBC Capital — $70 $41 -29 +13.0% $36.27
2026-01-30 TD Securities Cherilyn Radbourne Initiated $57 — +56.0% $36.53
2026-01-30 BMO Capital — $40 $44 +4 +20.4% $36.53
2026-01-28 Morgan Stanley — $44 $45 +1 +27.6% $35.26
2026-01-16 Scotiabank — Initiated $44 — +26.4% $34.82
2025-12-02 Morgan Stanley — Initiated $44 — +24.2% $35.42
2025-10-29 Jefferies Sam Burwell $35 $37 +2 +6.8% $34.65
2025-09-26 National Bank Patrick Kenny Initiated $35 — +11.0% $31.53
2025-08-28 Jefferies — Initiated $35 — +10.0% $31.81
2024-10-28 BMO Capital Devin Dodge $38 $40 +2 +11.5% $35.89
2024-09-13 BMO Capital Devin Dodge Initiated $38 — +12.6% $33.75
2022-08-04 Wells Fargo — Initiated $47 — +18.1% $39.80
2022-05-05 RBC Capital — Initiated $70 — +69.1% $41.39

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.

D+
Oct 27, 2026
DCF
1
ROE
2
ROA
1
D/E
1
P/E
1
P/B
1
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. BIP receives an overall rating of D+. Areas of concern: DCF (1/5), ROE (2/5), ROA (1/5), D/E (1/5), P/E (1/5), P/B (1/5).
Rating Change History
DateFromTo
2026-10-12 C D+
2026-10-01 C- C
2026-08-03 D+ C-
2026-07-31 C- D+
2026-07-30 C C-
2026-07-22 C- C
2026-05-04 C C-
2026-04-30 C+ C
2026-04-01 C- C+
2026-02-23 C C-

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.

★ ★ ★ ★ ★ 32 Grade D
Profitability
28
Balance Sheet
15
Earnings Quality
68
Growth
59
Value
42
Momentum
86
Safety
15
Cash Flow
25
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. BIP scores highest in Momentum (86/100) and lowest in Balance Sheet (15/100). 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
0.38
Distress Zone
Piotroski F-Score
6/9
✓ ✓ ✓ ✓ ✗ ✗ ✓ ✗ ✓
Beneish M-Score
-2.48
Unlikely Manipulator
Ohlson O-Score
-7.15
Bankruptcy prob: 0.1%
Low Risk
Credit Rating
CCC
Score: 15.8/100
Trend: Deteriorating
Earnings Quality
75/100
OCF/NI: 15.56x
Accruals: -5.1%
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. BIP scores 0.38, 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. BIP 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. BIP's score of -2.48 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. BIP'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. BIP receives an estimated rating of CCC (score: 15.8/100), with a deteriorating 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). BIP's score of 75/100 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
51.02x
PEG
0.03x
P/S
0.67x
P/B
3.26x
P/FCF
-28.99x
P/OCF
2.65x
EV/EBITDA
6.99x
EV/Revenue
3.19x
EV/EBIT
11.19x
EV/FCF
-138.85x
Earnings Yield
2.43%
FCF Yield
-3.45%
Shareholder Yield
13.85%
Graham Number
$14.96
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 51.0x earnings, BIP is priced for high growth expectations. Graham's intrinsic value formula yields $14.96 per share, 146% 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
0.137
NI / EBT
×
Interest Burden
0.415
EBT / EBIT
×
EBIT Margin
0.285
EBIT / Rev
×
Asset Turnover
0.217
Rev / Assets
×
Equity Multiplier
22.158
Assets / Equity
=
ROE
7.8%
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. BIP's ROE of 7.8% is driven by financial leverage (equity multiplier: 22.16x). Note: high leverage means ROE is amplified by debt rather than operational performance. A tax burden ratio of 0.14 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.

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
11.55%
Fair P/E
31.60x
Intrinsic Value
$27.97
Price/Value
1.30x
Margin of Safety
-30.47%
Premium
30.47%
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 BIP's realized 11.6% 3-year EPS CAGR, capped at 15% — demonstrated performance rather than forecasts, held to a rate companies have historically sustained. BIP trades at a 30% premium to its adjusted intrinsic value of $27.97, suggesting the market is pricing in future growth beyond what historical earnings support. The adjusted fair P/E of 31.6x compares to the current market P/E of 51.0x.

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
$36.60
Median 1Y
$37.59
5th Pctile
$21.90
95th Pctile
$64.50
Ann. Volatility
31.3%
Analyst Target
$47.00
25th–75th percentile 5th–95th percentile Median path Historical Analyst target

Workforce & Productivity

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

Employees
64,000
+4.9% YoY
Revenue / Employee
$360,938
Rev: $23,100,000,000
Profit / Employee
$7,016
NI: $449,000,000
SGA / Employee
$6,656
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 16.5% 12.6% 11.4% 9.7% 6.5% 5.2% 5.0% 7.0% 7.0% 5.9% 7.6% 4.0% 2.5% 5.9% 5.6% 6.6% 10.6% 10.8% 7.7% 7.8% 7.78%
ROA 1.3% 1.1% 1.0% 0.9% 0.5% 0.5% 0.4% 0.6% 0.5% 0.4% 0.5% 0.3% 0.1% 0.3% 0.3% 0.3% 0.5% 0.5% 0.4% 0.4% 0.35%
ROIC 6.8% 6.2% 6.7% 7.0% 7.6% 6.5% 6.6% 6.8% 3.7% 4.1% 5.1% 5.4% 7.1% 7.2% 7.3% 7.1% 6.3% 7.0% 7.2% 7.3% 7.31%
ROCE 7.4% 7.0% 6.7% 5.5% 5.7% 5.5% 4.9% 5.5% 4.6% 4.8% 5.5% 5.1% 5.1% 5.3% 5.3% 5.5% 5.5% 5.5% 6.0% 6.5% 6.52%
Gross Margin 27.5% -18.7% 26.5% 26.3% 28.6% 27.1% 23.4% 22.9% 24.6% 28.0% 24.6% 24.6% 26.1% 26.7% 26.5% 26.4% 26.1% 28.6% 26.9% 24.5% 24.53%
Operating Margin 24.0% 23.5% 23.0% 23.4% 25.6% 24.6% 21.0% 20.4% 0.0% 26.0% 22.7% 22.8% 23.9% 24.8% 24.7% 24.4% 24.3% 26.8% 25.2% 22.8% 22.77%
Net Margin 9.5% 3.3% 1.9% 3.5% 2.5% 1.4% 0.9% 5.9% 2.0% -0.3% 2.5% 0.7% 0.0% 3.4% 2.0% 1.4% 3.5% 3.5% -1.4% 1.0% 0.96%
EBITDA Margin 52.5% 38.3% 40.6% 43.5% 41.2% 32.7% 34.3% 50.6% 38.0% 34.6% 49.3% 38.4% 38.7% 38.0% 47.1% 41.6% 51.9% 49.4% 37.7% 43.9% 43.91%
FCF Margin 7.6% 6.1% 3.6% 2.2% -0.9% 2.5% 1.6% 4.0% 7.3% 8.9% 4.5% 2.6% 0.3% -1.5% 1.9% 2.4% 1.9% 2.0% -2.8% -2.3% -2.30%
OCF Margin 24.3% 24.0% 22.7% 22.2% 19.4% 21.7% 19.1% 19.9% 21.4% 22.7% 23.3% 22.7% 22.3% 22.1% 22.0% 22.3% 24.7% 25.8% 25.0% 25.1% 25.14%
ROE 3Y Avg snapshot only 6.32%
ROE 5Y Avg snapshot only 7.05%
ROA 3Y Avg snapshot only 0.30%
ROIC 3Y Avg snapshot only 2.87%
ROIC Economic snapshot only 7.00%
Cash ROA snapshot only 5.17%
Cash ROIC snapshot only 9.21%
CROIC snapshot only -0.84%
NOPAT Margin snapshot only 19.95%
Pretax Margin snapshot only 11.84%
R&D / Revenue snapshot only 0.00%
SGA / Revenue snapshot only 1.77%
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 15.32 19.72 24.37 25.43 35.48 35.75 42.65 33.53 27.53 35.65 28.73 48.90 100.56 39.60 40.46 41.16 27.87 26.25 39.83 41.23 51.024
P/S Ratio 1.26 1.31 1.38 1.11 1.00 0.84 0.88 0.93 0.72 0.73 0.70 0.59 0.74 0.66 0.62 0.70 0.72 0.69 0.69 0.67 0.673
P/B Ratio 2.29 2.21 2.54 2.33 2.29 1.94 2.23 2.39 1.90 2.10 2.16 2.02 2.73 2.48 2.40 2.86 3.01 2.85 3.11 3.25 3.258
P/FCF 16.63 21.43 37.78 49.84 -110.95 34.24 56.22 23.02 9.90 8.22 15.63 23.01 226.65 -43.29 32.58 29.60 37.25 34.67 -24.57 -28.99 -28.989
P/OCF 5.18 5.45 6.07 5.00 5.16 3.89 4.61 4.66 3.35 3.21 2.99 2.61 3.31 3.00 2.83 3.13 2.93 2.68 2.77 2.65 2.650
EV/EBITDA 6.02 7.03 6.79 7.44 7.15 7.69 7.93 7.60 8.97 8.58 7.33 7.45 7.94 7.86 7.22 7.31 7.49 7.02 7.21 6.99 6.991
EV/Revenue 3.75 4.02 3.67 3.23 2.93 3.03 3.00 3.03 3.50 3.36 3.15 3.00 3.20 3.23 2.93 3.02 3.36 3.35 3.26 3.19 3.191
EV/EBIT 8.57 10.16 9.97 11.93 11.51 12.38 13.06 12.08 14.51 14.06 11.68 12.68 13.64 13.59 12.57 12.58 12.35 11.06 11.66 11.19 11.190
EV/FCF 49.59 65.85 100.60 145.17 -324.97 122.90 190.94 75.12 48.28 37.85 70.76 116.18 982.09 -210.75 153.25 127.92 173.15 167.64 -115.80 -138.85 -138.847
Earnings Yield 6.5% 5.1% 4.1% 3.9% 2.8% 2.8% 2.3% 3.0% 3.6% 2.8% 3.5% 2.0% 1.0% 2.5% 2.5% 2.4% 3.6% 3.8% 2.5% 2.4% 2.43%
FCF Yield 6.0% 4.7% 2.6% 2.0% -0.9% 2.9% 1.8% 4.3% 10.1% 12.2% 6.4% 4.3% 0.4% -2.3% 3.1% 3.4% 2.7% 2.9% -4.1% -3.4% -3.45%
PEG Ratio snapshot only 0.033
EV/OCF snapshot only 12.695
EV/Gross Profit snapshot only 12.030
Acquirers Multiple snapshot only 12.891
Shareholder Yield snapshot only 13.85%
Graham Number snapshot only $14.96
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 0.65 0.57 0.61 0.65 0.77 0.80 0.70 0.65 0.70 0.68 0.79 0.81 0.77 0.88 0.77 0.88 0.85 2.48 0.68 0.36 0.359
Quick Ratio 0.62 0.52 0.57 0.60 0.71 0.73 0.65 0.60 0.66 0.64 0.75 0.76 0.72 0.84 0.73 0.85 0.81 2.48 0.64 0.36 0.359
Debt/Equity 5.01 4.84 4.62 4.80 4.76 5.38 5.77 5.79 7.56 7.95 8.07 8.56 9.49 10.02 9.22 9.99 11.61 11.48 12.07 12.99 12.989
Net Debt/Equity 4.53 4.58 4.22 4.45 4.41 5.02 5.34 5.41 7.36 7.55 7.64 8.17 9.11 9.59 8.90 9.50 10.98 10.91 11.54 12.31 12.306
Debt/Assets 0.40 0.45 0.40 0.41 0.40 0.46 0.42 0.44 0.49 0.49 0.48 0.49 0.50 0.54 0.49 0.48 0.50 0.50 0.52 0.55 0.548
Debt/EBITDA 4.42 5.01 4.65 5.26 5.08 5.94 6.05 5.64 7.33 7.06 6.03 6.26 6.37 6.53 5.89 5.91 6.21 5.86 5.94 5.84 5.838
Net Debt/EBITDA 4.00 4.74 4.24 4.89 4.71 5.54 5.60 5.27 7.13 6.71 5.71 5.98 6.11 6.24 5.69 5.62 5.88 5.57 5.68 5.53 5.531
Interest Coverage 3.25 3.11 2.96 2.21 2.04 1.91 1.73 1.88 1.77 1.71 1.87 1.56 1.50 1.47 1.42 1.45 1.63 1.81 1.67 1.71 1.710
Equity Multiplier 12.52 10.81 11.52 11.66 11.76 11.60 13.59 13.29 15.48 16.15 16.98 17.35 18.93 18.60 18.84 20.64 23.30 22.81 23.29 23.72 23.716
Cash Ratio snapshot only 0.285
Debt Service Coverage snapshot only 2.737
Cash to Debt snapshot only 0.053
FCF to Debt snapshot only -0.009
Defensive Interval snapshot only 7431.5 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 0.16 0.17 0.18 0.20 0.19 0.20 0.19 0.20 0.20 0.21 0.20 0.22 0.20 0.20 0.21 0.21 0.19 0.20 0.21 0.22 0.217
Inventory Turnover 24.67 31.35 37.63 30.18 26.83 22.58 26.71 25.30 25.22 25.83 28.71 30.99 31.90 32.46 34.34 33.47 31.17 74.34 34.83 78.36 78.357
Receivables Turnover 4.69 6.97 5.66 6.10 5.87 7.00 5.11 5.46 4.55 6.21 4.48 4.98 4.14 5.93 4.32 4.59 4.23 12.86 4.62 4.80 4.801
Payables Turnover 1.93 5.83 2.70 3.19 2.79 5.61 2.40 2.84 2.94 6.53 2.73 3.16 3.02 7.11 2.84 2.84 2.63 15.67 2.85 3.04 3.037
DSO 78 52 64 60 62 52 71 67 80 59 81 73 88 62 85 79 86 28 79 76 76.0 days
DIO 15 12 10 12 14 16 14 14 14 14 13 12 11 11 11 11 12 5 10 5 4.7 days
DPO 189 63 135 114 131 65 152 129 124 56 134 116 121 51 128 129 139 23 128 120 120.2 days
Cash Conversion Cycle -97 1 -61 -42 -55 3 -67 -47 -30 17 -39 -31 -21 21 -33 -38 -41 10 -39 -40 -39.5 days
Fixed Asset Turnover snapshot only 0.375
Operating Cycle snapshot only 80.7 days
Cash Velocity snapshot only 7.136
Capital Intensity snapshot only 4.866
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 35.1% 29.8% 30.9% 31.7% 29.1% 25.0% 24.2% 19.0% 19.3% 24.3% 24.1% 25.1% 23.4% 17.3% 12.4% 8.9% 8.1% 9.8% 13.0% 16.4% 16.38%
Net Income 6.2% 1.4% 89.9% -7.9% -55.6% -55.5% -54.5% -24.5% 10.4% 7.6% 45.4% -45.2% -65.3% -4.1% -28.6% 52.5% 2.8% 73.0% 27.5% 10.7% 10.66%
EPS 6.2% 1.3% 83.7% -10.9% -57.1% -56.3% -54.6% -24.6% 10.3% 6.9% 44.5% -45.5% -65.5% -4.2% -28.6% 52.6% 2.8% 73.7% 28.0% 11.6% 11.55%
FCF -30.7% -33.4% -60.0% -68.1% -1.2% -49.5% -46.5% 1.2% 10.6% 3.5% 2.5% -20.1% -94.5% -1.2% -51.8% -0.2% 5.4% 2.4% -2.7% -2.1% -2.13%
EBITDA 1.2% 67.7% 51.3% -5.4% -15.1% -13.8% -13.1% 9.2% 13.8% 23.4% 41.4% 26.1% 27.2% 23.0% 6.0% 12.0% 20.2% 27.5% 25.9% 28.5% 28.50%
Op. Income 45.5% 42.4% 25.8% 24.2% 24.2% 20.8% 23.9% 15.4% -20.2% -12.6% -7.0% 1.3% 83.9% 62.8% 53.2% 44.7% 11.4% 16.9% 18.4% 17.8% 17.79%
OCF Growth snapshot only 30.92%
Asset Growth snapshot only 12.20%
Equity Growth snapshot only -2.37%
Debt Growth snapshot only 26.91%
Shares Change snapshot only -0.80%
Dividend Growth snapshot only 32.60%
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 37.0% 35.4% 32.8% 31.3% 29.9% 29.8% 28.4% 28.4% 27.7% 26.4% 26.3% 25.2% 23.9% 22.2% 20.1% 17.5% 16.8% 17.0% 16.4% 16.6% 16.60%
Revenue 5Y 41.7% 40.4% 39.6% 36.6% 34.0% 32.5% 31.4% 31.6% 31.7% 31.0% 29.3% 27.5% 26.4% 26.1% 24.2% 23.6% 22.7% 21.1% 20.7% 20.0% 19.96%
EPS 3Y 48.7% 46.3% 86.1% 87.2% 42.4% 35.4% 8.6% 47.0% 50.2% 2.8% 6.4% -28.5% -45.3% -23.5% -22.4% -14.4% 13.2% 21.2% 9.7% -2.5% -2.50%
EPS 5Y 22.0% 11.2% 14.0% 19.1% 20.2% 37.8% 8.7% 8.1% 9.2% 7.9% 33.4% 21.9% 1.9% 20.5% 5.7% 21.4% 34.9% 12.6% 1.9% -9.0% -9.04%
Net Income 3Y 52.0% 50.2% 91.9% 92.7% 44.7% 37.2% 10.1% 48.8% 51.9% 4.2% 7.9% -27.5% -44.6% -22.8% -22.1% -14.2% 13.5% 21.3% 9.8% -2.6% -2.58%
Net Income 5Y 26.8% 15.5% 17.8% 23.0% 23.9% 40.6% 10.9% 10.3% 11.4% 10.2% 36.1% 24.3% 3.0% 21.7% 6.7% 22.4% 36.0% 13.5% 2.7% -8.5% -8.46%
EBITDA 3Y 39.9% 37.9% 39.5% 28.6% 23.4% 24.3% 22.2% 28.2% 28.2% 21.3% 23.0% 9.2% 7.1% 9.3% 9.2% 15.5% 20.3% 24.6% 23.6% 22.0% 21.96%
EBITDA 5Y 42.7% 36.8% 37.1% 30.9% 27.5% 25.3% 19.2% 20.4% 21.5% 22.8% 27.2% 24.0% 22.2% 23.9% 22.3% 24.3% 26.4% 22.8% 19.9% 13.4% 13.40%
Gross Profit 3Y 15.5% -9.6% -11.3% -10.6% -10.0% 6.9% 6.0% 5.6% 4.1% 3.3% 6.3% 9.7% 13.9% 43.8% 44.2% 40.0% 36.6% 16.7% 17.5% 18.4% 18.37%
Gross Profit 5Y 28.4% 11.4% 10.6% 8.0% 6.0% 14.1% 11.5% 11.4% 11.8% 12.8% 12.5% 11.6% 11.0% 10.9% 10.4% 10.8% 10.2% 9.0% 10.4% 11.8% 11.79%
Op. Income 3Y 24.4% 26.6% 24.3% 24.0% 24.4% 26.8% 26.7% 27.3% 13.0% 14.6% 13.2% 13.2% 22.2% 19.8% 20.9% 19.1% 17.8% 18.5% 19.1% 20.0% 19.98%
Op. Income 5Y 42.7% 45.7% 44.1% 37.0% 31.4% 25.6% 22.0% 21.3% 13.8% 16.5% 17.2% 17.4% 23.1% 23.7% 23.7% 24.8% 24.2% 23.4% 21.3% 19.9% 19.86%
FCF 3Y 3.7% 10.5% -6.8% -29.6% — -28.2% -37.5% -14.5% 0.8% 14.6% -9.0% -18.1% -56.6% — -3.2% 19.8% — 9.0% — — —
FCF 5Y 40.2% 62.1% 46.2% 1.0% — -14.2% -25.7% -4.7% 10.5% 24.9% 8.8% -9.6% -41.7% — -16.1% -13.0% -18.3% -15.3% — — —
OCF 3Y 20.6% 26.7% 24.0% 16.8% 8.8% 13.5% 8.1% 10.4% 12.3% 17.2% 20.2% 21.8% 20.4% 18.8% 18.9% 17.7% 26.5% 24.0% 27.2% 26.0% 26.01%
OCF 5Y 28.2% 29.8% 29.3% 23.5% 20.6% 16.2% 10.5% 15.5% 19.0% 24.5% 24.7% 19.3% 16.8% 16.8% 15.2% 15.5% 16.8% 18.7% 18.8% 20.5% 20.47%
Assets 3Y 36.4% 26.5% 22.6% 21.2% 20.9% 9.0% 17.2% 16.7% 18.9% 18.0% 19.0% 18.7% 12.2% 12.2% 10.6% 13.7% 20.0% 20.6% 15.0% 14.3% 14.30%
Assets 5Y 28.7% 28.3% 28.0% 21.2% 20.1% 19.9% 22.9% 23.2% 27.2% 22.5% 19.9% 19.5% 20.9% 13.2% 15.3% 16.2% 16.4% 15.9% 15.2% 15.1% 15.13%
Equity 3Y 4.4% 7.9% 6.1% 5.1% 2.5% 1.7% 6.9% 8.9% 9.4% 5.2% 3.7% 1.3% -2.2% -6.3% -6.2% -6.0% -4.5% -3.7% -3.9% -5.8% -5.78%
Book Value 3Y 2.1% 5.1% 2.9% 2.1% 0.9% 0.3% 5.4% 7.6% 8.1% 3.8% 2.3% -0.1% -3.5% -7.1% -6.4% -6.2% -4.7% -3.8% -4.0% -5.7% -5.70%
Dividend 3Y 0.7% 0.8% 1.1% 1.9% 3.1% 2.7% 1.7% 1.1% 0.8% -0.6% -0.3% -0.1% 0.1% 3.4% 3.8% 1.8% 1.6% 4.9% 4.8% 9.7% 9.66%
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 0.97 0.97 0.98 0.97 0.97 0.98 0.98 0.98 0.99 0.99 0.99 0.99 0.99 0.99 1.00 0.99 0.99 1.00 1.00 0.99 0.994
Earnings Stability 0.28 0.32 0.45 0.48 0.33 0.47 0.43 0.44 0.21 0.19 0.39 0.15 0.01 0.04 0.01 0.00 0.00 0.00 0.07 0.54 0.539
Margin Stability 0.81 0.64 0.64 0.64 0.62 0.56 0.54 0.54 0.55 0.54 0.55 0.57 0.58 0.57 0.58 0.60 0.62 0.71 0.75 0.81 0.812
Rev. 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
Earn. Growth Consistency 0.50 1.00 1.00 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 1.00 1.000
FCF Positive Streak 1 1 1 1 0 1 1 1 0 1 1 1 1 0 1 1 1 0 0 0 0
Earnings Persistence 0.50 0.50 0.50 0.97 0.50 0.50 0.50 0.90 0.96 0.97 0.82 0.82 0.50 0.98 0.89 0.50 0.50 0.50 0.89 0.96 0.957
Earnings Smoothness 0.00 0.19 0.38 0.92 0.23 0.23 0.25 0.72 0.90 0.93 0.63 0.42 0.03 0.96 0.67 0.58 0.00 0.47 0.76 0.90 0.899
ROE Trend 0.12 0.07 0.05 0.02 -0.02 -0.03 -0.03 -0.03 -0.04 -0.02 -0.00 -0.04 -0.04 0.01 -0.00 0.01 0.06 0.05 0.01 0.02 0.023
Gross Margin Trend -0.14 -0.31 -0.29 -0.26 -0.23 -0.03 -0.02 -0.01 -0.00 0.03 0.04 0.05 0.05 -0.01 0.00 0.01 0.01 0.02 0.01 0.01 0.006
FCF Margin Trend -0.08 -0.07 -0.09 -0.09 -0.12 -0.07 -0.06 -0.02 0.04 0.05 0.02 -0.01 -0.03 -0.07 -0.01 -0.01 -0.02 -0.02 -0.06 -0.05 -0.048
Sustainable Growth Rate -6.0% -8.0% -10.2% -13.1% -16.6% -16.4% -17.7% -16.4% -16.9% -17.3% -16.9% -21.3% -23.6% -21.8% -23.2% -22.5% -19.5% -23.1% -27.9% -33.0% -33.01%
Internal Growth Rate — — — — — — — — — — — — — — — — — — — — —
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 2.95 3.62 4.01 5.09 6.88 9.18 9.25 7.19 8.21 11.11 9.61 18.70 30.35 13.22 14.31 13.15 9.53 9.80 14.38 15.56 15.556
FCF/OCF 0.31 0.25 0.16 0.10 -0.05 0.11 0.08 0.20 0.34 0.39 0.19 0.11 0.01 -0.07 0.09 0.11 0.08 0.08 -0.11 -0.09 -0.091
FCF/Net Income snapshot only -1.422
OCF/EBITDA snapshot only 0.551
CapEx/Revenue 16.7% 17.9% 19.0% 20.0% 20.3% 19.2% 17.6% 15.9% 14.2% 13.9% 18.8% 20.1% 22.0% 23.6% 20.1% 20.0% 22.7% 23.9% 27.8% 27.4% 27.44%
CapEx/Depreciation snapshot only 1.602
Accruals Ratio -0.03 -0.03 -0.03 -0.04 -0.03 -0.04 -0.03 -0.03 -0.04 -0.04 -0.04 -0.05 -0.04 -0.04 -0.04 -0.04 -0.04 -0.05 -0.05 -0.05 -0.051
Sloan Accruals snapshot only -0.092
Cash Flow Adequacy snapshot only 0.700
Earnings Quality Score snapshot only 0.750
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 8.9% 8.3% 7.8% 9.2% 10.0% 11.6% 10.7% 9.9% 12.4% 11.1% 11.3% 12.9% 10.2% 11.8% 12.6% 10.7% 10.2% 11.9% 11.6% 12.7% 4.90%
Dividend/Share $2.73 $2.79 $2.86 $2.97 $3.05 $3.09 $3.13 $3.18 $3.23 $3.14 $3.21 $3.29 $3.36 $3.56 $3.62 $3.50 $3.55 $4.14 $4.20 $4.64 $1.79
Payout Ratio 1.4% 1.6% 1.9% 2.3% 3.5% 4.2% 4.6% 3.3% 3.4% 3.9% 3.2% 6.3% 10.3% 4.7% 5.1% 4.4% 2.8% 3.1% 4.6% 5.2% 5.24%
FCF Payout Ratio 1.5% 1.8% 2.9% 4.6% — 4.0% 6.0% 2.3% 1.2% 91.0% 1.8% 3.0% 23.1% — 4.1% 3.2% 3.8% 4.1% — — —
Total Payout Ratio 1.6% 1.9% 2.2% 2.7% 3.5% 4.2% 4.6% 3.3% 3.4% 4.0% 3.3% 6.4% 10.4% 4.7% 5.1% 4.4% 2.8% 3.4% 5.1% 5.7% 5.71%
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 0.18 0.19 0.21 0.25 0.25 0.24 0.20 0.17 0.19 0.13 0.14 0.17 0.15 0.25 0.25 0.17 0.16 0.28 0.27 0.44 0.443
Buyback Yield 1.5% 1.4% 1.2% 1.4% 0.0% 0.0% 0.0% 0.0% 0.0% 0.1% 0.1% 0.1% 0.1% 0.0% 0.0% 0.0% 0.0% 1.2% 1.1% 1.1% 1.14%
Net Buyback Yield 1.4% -5.7% -5.1% -5.9% -7.7% -0.1% -0.1% -0.1% -0.1% 0.1% 0.1% 0.1% 0.1% -0.1% -0.1% -0.1% -0.1% 1.1% 1.1% 0.9% 0.93%
Total Shareholder Return 10.3% 2.6% 2.6% 3.3% 2.3% 11.5% 10.6% 9.9% 12.3% 11.2% 11.3% 13.0% 10.3% 11.7% 12.5% 10.6% 10.1% 13.0% 12.7% 13.6% 13.64%
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) 0.26 0.23 0.22 0.26 0.19 0.18 0.18 0.21 0.22 0.18 0.17 0.12 0.08 0.18 0.18 0.19 0.22 0.20 0.15 0.14 0.137
Interest Burden (EBT/EBIT) 0.72 0.73 0.71 0.61 0.58 0.55 0.50 0.53 0.50 0.47 0.51 0.41 0.38 0.39 0.36 0.38 0.44 0.45 0.40 0.42 0.415
EBIT Margin 0.44 0.40 0.37 0.27 0.25 0.24 0.23 0.25 0.24 0.24 0.27 0.24 0.23 0.24 0.23 0.24 0.27 0.30 0.28 0.29 0.285
Asset Turnover 0.16 0.17 0.18 0.20 0.19 0.20 0.19 0.20 0.20 0.21 0.20 0.22 0.20 0.20 0.21 0.21 0.19 0.20 0.21 0.22 0.217
Equity Multiplier 12.31 11.09 11.39 11.24 12.13 11.19 12.50 12.46 13.65 13.87 15.29 15.26 17.10 17.32 17.86 18.91 21.07 20.71 21.03 22.16 22.158
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) $2.00 $1.70 $1.51 $1.27 $0.86 $0.74 $0.69 $0.95 $0.95 $0.80 $0.99 $0.52 $0.33 $0.76 $0.71 $0.79 $1.25 $1.32 $0.91 $0.89 $0.89
Book Value/Share $13.42 $15.19 $14.54 $13.84 $13.35 $13.72 $13.15 $13.40 $13.76 $13.52 $13.18 $12.60 $12.04 $12.17 $11.92 $11.42 $11.56 $12.21 $11.62 $11.24 $71.07
Tangible Book/Share $-36.80 $-36.32 $-38.52 $-35.24 $-30.41 $-31.25 $-46.03 $-47.36 $-51.09 $-52.23 $-51.99 $-48.71 $-51.69 $-49.79 $-50.83 $-55.89 $-68.05 $-63.81 $-63.79 $-59.40 $-59.40
Revenue/Share $24.40 $25.62 $26.78 $29.00 $30.49 $31.48 $33.23 $34.46 $36.33 $38.87 $40.96 $42.86 $44.54 $45.55 $46.02 $46.68 $48.21 $50.21 $52.22 $54.77 $54.77
FCF/Share $1.84 $1.57 $0.98 $0.65 $-0.27 $0.78 $0.52 $1.39 $2.64 $3.45 $1.82 $1.11 $0.15 $-0.70 $0.88 $1.10 $0.93 $1.00 $-1.47 $-1.26 $-1.26
OCF/Share $5.92 $6.16 $6.07 $6.44 $5.91 $6.83 $6.35 $6.87 $7.79 $8.84 $9.54 $9.73 $9.93 $10.07 $10.14 $10.43 $11.90 $12.98 $13.04 $13.77 $13.77
Cash/Share $6.37 $4.01 $5.86 $4.74 $4.64 $4.94 $5.71 $5.11 $2.85 $5.29 $5.75 $4.86 $4.68 $5.27 $3.82 $5.60 $7.24 $6.96 $6.13 $7.67 $7.67
EBITDA/Share $15.20 $14.67 $14.46 $12.61 $12.49 $12.42 $12.55 $13.75 $14.20 $15.22 $17.63 $17.23 $17.95 $18.70 $18.67 $19.30 $21.60 $23.94 $23.60 $25.00 $25.00
Debt/Share $67.18 $73.55 $67.18 $66.35 $63.49 $73.81 $75.95 $77.57 $104.07 $107.46 $106.36 $107.82 $114.31 $122.00 $109.95 $114.09 $134.23 $140.18 $140.26 $145.96 $145.96
Net Debt/Share $60.81 $69.54 $61.32 $61.61 $58.85 $68.87 $70.24 $72.46 $101.22 $102.16 $100.61 $102.96 $109.63 $116.74 $106.13 $108.49 $126.98 $133.23 $134.13 $138.28 $138.28
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 — — — — — — — — — — — — — — — — — — — — 0.378
Altman Z-Prime snapshot only 0.036
Piotroski F-Score 6 5 5 4 6 6 5 4 4 5 7 6 6 5 5 9 8 8 7 6 6
Beneish M-Score -1.99 -4.16 -2.15 -2.36 -2.67 -3.34 -2.11 -2.05 -1.41 -2.02 -2.26 -2.38 -2.70 -2.60 -2.71 -2.64 -2.47 -3.41 -2.56 -2.48 -2.479
Ohlson O-Score snapshot only -7.148
Net-Net WC snapshot only $-185.76
EVA snapshot only $-1842416582.41
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 CCC
Credit Score 29.66 28.28 23.08 21.84 21.02 18.61 17.91 18.39 17.96 16.53 17.25 16.94 13.72 15.48 15.03 17.81 19.24 34.44 17.69 15.80 15.798
Credit Grade snapshot only 17
Credit Trend snapshot only -2.013
Implied Spread (bps) snapshot only 1200.000
Industry Credit Rank snapshot only 8
Sector Credit Rank snapshot only 5

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