Also trades as: BWBBP (NASDAQ) · $vol 0M

$18.72

-0.09 (-0.48%)

Weekly Expected Move ±3.3%

$17 $17 $18 $19 $19

NASDAQ · Financial Services · Banks - Regional · Alpha Radar Buy · Power 63 · $522.0M mcap · 22M float · 0.306% daily turnover · Short 35% of daily vol

Overview News Chart Smart Money Financials Income Statement Cash Flow Balance Sheet Earnings

Dividends Analysis Technicals Weather Peers ESG Institutions ETF Exposure Dark Pool Short Interest

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.

WEAK EDGE

46.1 / 100

NoneWeakNarrowWide

Primary source: Efficient Scale · ROIC: 43.9% · 5Y Avg: 64.7%

Cost Advantage

Intangibles

Switching Cost

Network Effect

Scale ★

The Edge Score quantifies a company's competitive moat using five pillars: Cost Advantage (20%, operating margin and SG&A efficiency vs industry peers), Intangible Assets (25%, gross margin premium, R&D intensity, brand pricing power), Switching Costs (25%, revenue stability, earnings consistency, customer retention proxied by operating leverage), Network Effects (15%, revenue growth with expanding margins, market share dominance), and Efficient Scale (15%, market concentration, ROIC sustainability). Each pillar is scored 0–100 using industry percentile rankings, then weighted into a composite. Wide ≥ 70, Narrow ≥ 55, Weak ≥ 40, None < 40. BWB shows a Weak competitive edge (46.1/100) — limited structural advantages that may face competitive pressure. The primary source of advantage is Efficient Scale. ROIC of 43.9% confirms the company is generating returns well above its cost of capital — a hallmark of durable competitive advantages.

Analyst Insights

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

Analyst Price Targets

Low

$23

Avg Target

$23

High

Based on 3 analyst ratings (12 mo)

Analyst Recommendations

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

Rating Summary

ConsensusBuy

Avg Target$22.67

Analysts3

Price Target Change History

Date	Firm	Analyst	Old	New	Change	Upside @ Call	Stock@Call
2026-01-29	D.A. Davidson	Jeff Rulis	$21	$24	+3	+26.7%	$18.94
2026-01-29	Piper Sandler	—	$18	$23	+5	+22.5%	$18.77
2025-10-22	D.A. Davidson	Jeff Rulis	$17	$21	+4	+28.1%	$16.39
2025-04-25	Piper Sandler	—	$17	$18	+1	+25.0%	$14.40
2024-07-29	Piper Sandler	Mathan Rice	Initiated	$17	—	+21.1%	$14.04
2024-07-26	D.A. Davidson	Jeff Rulis	Initiated	$17	—	+16.8%	$14.56

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

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. BWB receives an overall rating of B+. Strongest factors: DCF (4/5). Areas of concern: D/E (2/5).

Rating Change History

Date	From	To
2026-05-22	B	B+
2026-05-11	B+	B
2026-04-24	A-	B+
2026-04-23	B+	A-
2026-04-01	B	B+
2026-02-24	B+	B
2026-02-04	B	B+
2026-01-22	B+	B
2026-01-03	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.

★ ★ ★ ★ ★ 47 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. BWB scores highest in Value (86/100) and lowest in Cash Flow (33/100). 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-B Score

2.72

Grey Zone

Piotroski F-Score

7/9

✓ ✓ ✓ ✗ ✓ ✓ ✗ ✓ ✓

Beneish M-Score

-3.10

Unlikely Manipulator

Ohlson O-Score

-4.74

Bankruptcy prob: 0.9%

Low Risk

Credit Rating

BBB-

Score: 53.5/100

Trend: Improving

Earnings Quality

50/100

OCF/NI: 0.67x

Accruals: 0.3%

The Altman-B Score replaces the traditional Z-Score for banks and financial institutions. It weights equity-to-assets, return on assets, retained earnings, market value coverage, and cash reserves — metrics that better capture bank solvency than manufacturing-oriented ratios. BWB scores 2.72, placing it in the Grey Zone (safe > 3.0, distress < 1.5). Financial distress is possible and warrants monitoring. 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. BWB scores 7/9, signaling strong financial health across all three dimensions. 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. BWB's score of -3.10 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. BWB's implied 0.9% 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. BWB receives an estimated rating of BBB- (score: 53.5/100), 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). BWB's score of 50/100 is moderate — some divergence between reported earnings and underlying cash flows.

Valuation

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

P/E

9.66x

PEG

0.15x

P/S

1.72x

P/B

0.98x

P/FCF

17.27x

P/OCF

13.88x

EV/EBITDA

1.53x

EV/Revenue

0.37x

EV/EBIT

1.57x

EV/FCF

3.85x

Earnings Yield

10.68%

FCF Yield

5.79%

Shareholder Yield

1.30%

Graham Number

$27.79

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 9.7x earnings, BWB trades at a deep value multiple. An earnings yield of 10.7% exceeds typical risk-free rates, suggesting equities are being compensated for risk. Graham's intrinsic value formula yields $27.79 per share, suggesting a potential 48% margin of safety at the current price.

DuPont Decomposition (5-Factor)

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

Tax Burden

0.767

NI / EBT

Interest Burden

0.980

EBT / EBIT

EBIT Margin

0.236

EBIT / Rev

Asset Turnover

0.058

Rev / Assets

Equity Multiplier

10.741

Assets / Equity

ROE

11.0%

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. BWB's ROE of 11.0% is driven by financial leverage (equity multiplier: 10.74x). Note: high leverage means ROE is amplified by debt rather than operational performance.

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

0.68%

Fair P/E

9.87x

Intrinsic Value

$18.65

Price/Value

0.95x

Margin of Safety

5.10%

Premium

-5.10%

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 BWB's realized 0.7% 3-year EPS CAGR — what the company actually delivered, not what analysts hope for. At an intrinsic value of $18.65, BWB appears undervalued with a 5% margin of safety. The adjusted fair P/E of 9.9x compares to the current market P/E of 9.7x.

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

$18.72

Median 1Y

$19.11

5th Pctile

$10.35

95th Pctile

$35.31

Ann. Volatility

35.6%

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

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
Jerry Baack Chairman of the Board and Chief Executive Officer	$650,000	$218,372	$1,349,932
Joseph Chybowski Financial and Chief Financial Officer	$450,000	$141,590	$922,296
Nick Place Banking anking Officer	$385,000	$99,712	$698,709
Mary Jayne Crocker Former Executive Vice President Chief Strategy Officer	$343,333	$122,642	$634,821
Lisa Salazar Operating rating Officer	$355,000	$76,782	$603,704

CEO Pay Ratio

8:1

CEO-to-Employee Pay Ratio

CEO Total Comp: $1,349,932

Avg Employee Cost (SGA/emp): $159,969

Employees: 322

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

322

+11.0% YoY

Revenue / Employee

$905,686

Rev: $291,631,000

Profit / Employee

$143,130

NI: $46,088,000

SGA / Employee

$159,969

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	13.3%	15.0%	14.2%	14.7%	15.3%	16.2%	13.8%	13.6%	12.9%	11.6%	9.8%	8.8%	8.4%	8.2%	7.4%	7.8%	8.6%	9.3%	9.5%	11.0%	11.05%
ROA	1.3%	1.5%	1.4%	1.5%	1.5%	1.6%	1.4%	1.3%	1.3%	1.1%	0.9%	0.8%	0.8%	0.7%	0.7%	0.7%	0.8%	0.8%	0.9%	1.0%	1.03%
ROIC	-23.1%	-26.0%	-64.6%	-66.9%	-69.5%	-73.8%	22.8%	22.6%	21.3%	19.2%	37.9%	34.3%	32.7%	31.8%	11.3%	11.9%	13.1%	14.1%	37.7%	43.9%	43.87%
ROCE	10.7%	12.1%	11.6%	12.0%	12.5%	13.3%	11.2%	11.1%	10.4%	9.3%	5.9%	5.3%	5.0%	4.9%	4.4%	4.6%	5.1%	5.5%	1.7%	2.0%	2.00%
Gross Margin	80.3%	82.4%	83.5%	82.9%	79.0%	77.7%	65.5%	55.1%	47.9%	46.9%	43.2%	41.8%	41.3%	41.7%	41.1%	45.1%	46.5%	46.1%	50.8%	56.5%	56.51%
Operating Margin	45.2%	44.5%	48.0%	45.7%	44.1%	45.3%	35.4%	29.5%	23.1%	21.6%	19.9%	17.1%	17.1%	17.7%	16.1%	18.8%	20.9%	20.0%	24.3%	28.8%	28.78%
Net Margin	33.6%	33.0%	35.7%	33.8%	32.7%	33.2%	27.1%	21.7%	17.5%	16.6%	15.3%	13.1%	13.1%	13.5%	12.5%	14.3%	15.9%	15.4%	17.4%	21.9%	21.93%
EBITDA Margin	47.2%	46.4%	49.9%	47.5%	45.9%	46.9%	37.8%	31.1%	24.6%	22.9%	21.2%	18.4%	18.0%	18.6%	17.7%	20.9%	21.7%	21.3%	24.6%	28.8%	28.78%
FCF Margin	32.8%	35.0%	39.8%	46.1%	65.9%	57.7%	49.0%	32.1%	16.4%	18.4%	12.0%	11.4%	10.3%	1.0%	16.8%	16.2%	12.8%	17.4%	7.5%	9.6%	9.62%
OCF Margin	40.0%	37.4%	40.4%	46.2%	67.0%	58.7%	50.0%	32.8%	17.9%	19.8%	13.3%	12.7%	10.5%	1.4%	18.4%	18.0%	14.9%	19.7%	9.5%	12.0%	11.97%
ROE 3Y Avg	snapshot only																				8.82%
ROE 5Y Avg	snapshot only																				10.47%
ROA 3Y Avg	snapshot only																				0.82%
ROIC Economic	snapshot only																				5.39%
Cash ROA	snapshot only																				0.67%
Cash ROIC	snapshot only																				29.00%
CROIC	snapshot only																				23.30%
NOPAT Margin	snapshot only																				18.10%
Pretax Margin	snapshot only																				23.13%
R&D / Revenue	snapshot only																				0.00%
SGA / Revenue	snapshot only																				17.86%
SBC / Revenue	snapshot only																				1.48%

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	13.91	13.36	11.24	10.29	9.46	9.03	9.48	5.85	5.59	5.99	9.55	9.04	9.35	11.81	11.55	11.25	11.73	12.05	10.90	9.36	9.662
P/S Ratio	3.75	3.90	3.83	3.50	3.19	3.05	2.98	1.65	1.36	1.23	1.69	1.41	1.35	1.62	1.51	1.50	1.66	1.76	1.72	1.66	1.719
P/B Ratio	1.77	1.92	1.35	1.28	1.23	1.24	1.28	0.78	0.70	0.68	0.90	0.77	0.76	0.93	0.83	0.85	0.97	1.08	0.97	0.98	0.985
P/FCF	11.42	11.14	9.61	7.59	4.85	5.29	6.07	5.13	8.30	6.68	14.12	12.37	13.17	158.80	8.96	9.26	12.94	10.14	22.87	17.27	17.267
P/OCF	9.36	10.41	9.47	7.57	4.77	5.19	5.95	5.02	7.61	6.23	12.72	11.12	12.84	118.71	8.17	8.35	11.14	8.91	18.06	13.88	13.876
EV/EBITDA	1.23	1.81	0.99	0.55	0.22	0.29	4.61	2.00	1.68	1.72	1.10	0.14	0.04	1.62	4.64	4.56	5.23	5.68	1.71	1.53	1.531
EV/Revenue	0.47	0.75	0.47	0.26	0.10	0.14	2.03	0.79	0.58	0.50	0.27	0.03	0.01	0.31	0.84	0.86	1.04	1.16	0.38	0.37	0.370
EV/EBIT	1.29	1.90	1.03	0.57	0.22	0.30	4.82	2.09	1.77	1.83	1.17	0.14	0.05	1.72	4.96	4.93	5.62	6.12	1.80	1.57	1.570
EV/FCF	1.42	2.14	1.19	0.57	0.16	0.24	4.15	2.47	3.51	2.70	2.28	0.26	0.08	30.24	5.02	5.29	8.10	6.71	5.03	3.85	3.852
Earnings Yield	7.2%	7.5%	8.9%	9.7%	10.6%	11.1%	10.6%	17.1%	17.9%	16.7%	10.5%	11.1%	10.7%	8.5%	8.7%	8.9%	8.5%	8.3%	9.2%	10.7%	10.68%
FCF Yield	8.8%	9.0%	10.4%	13.2%	20.6%	18.9%	16.5%	19.5%	12.0%	15.0%	7.1%	8.1%	7.6%	0.6%	11.2%	10.8%	7.7%	9.9%	4.4%	5.8%	5.79%
PEG Ratio	snapshot only																				0.153
Price/Tangible Book	snapshot only																				1.012
EV/OCF	snapshot only																				3.096
EV/Gross Profit	snapshot only																				0.740
Acquirers Multiple	snapshot only																				1.570
Shareholder Yield	snapshot only																				1.30%
Graham Number	snapshot only																				$27.79

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	0.23	0.23	0.20	0.20	0.20	0.20	0.18	0.18	0.18	0.18	0.20	0.20	0.20	0.20	0.17	0.17	0.17	0.17	0.49	0.49	0.494
Quick Ratio	0.23	0.23	0.20	0.20	0.20	0.20	0.18	0.18	0.18	0.18	0.20	0.20	0.20	0.20	0.17	0.17	0.17	0.17	0.49	0.49	0.494
Debt/Equity	0.54	0.54	0.36	0.36	0.36	0.36	1.21	1.21	1.21	1.21	0.97	0.97	0.97	0.97	0.99	0.99	0.99	0.99	0.98	0.98	0.983
Net Debt/Equity	-1.55	-1.55	-1.19	-1.19	-1.19	-1.19	-0.41	-0.41	-0.41	-0.41	-0.75	-0.75	-0.75	-0.75	-0.36	-0.36	-0.36	-0.36	-0.76	-0.76	-0.758
Debt/Assets	0.05	0.05	0.04	0.04	0.04	0.04	0.11	0.11	0.11	0.11	0.09	0.09	0.09	0.09	0.09	0.09	0.09	0.09	0.09	0.09	0.094
Debt/EBITDA	3.00	2.64	2.10	2.03	1.95	1.84	6.36	6.41	6.80	7.59	7.37	8.19	8.63	8.88	9.90	9.27	8.49	7.88	7.85	6.92	6.917
Net Debt/EBITDA	-8.68	-7.64	-7.02	-6.78	-6.52	-6.14	-2.14	-2.15	-2.29	-2.55	-5.72	-6.36	-6.70	-6.89	-3.65	-3.42	-3.13	-2.90	-6.05	-5.33	-5.333
Interest Coverage	2.01	2.49	3.18	3.38	3.45	3.12	2.11	1.34	0.87	0.59	0.45	0.37	0.33	0.31	0.30	0.31	0.34	0.36	0.41	0.49	0.487
Equity Multiplier	11.03	11.03	9.17	9.17	9.17	9.17	11.03	11.03	11.03	11.03	10.84	10.84	10.84	10.84	11.06	11.06	11.06	11.06	10.46	10.46	10.456
Cash Ratio	snapshot only																				0.494
Debt Service Coverage	snapshot only																				0.499
Cash to Debt	snapshot only																				1.771
FCF to Debt	snapshot only																				0.057
Defensive Interval	snapshot only																				4168.6 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	0.05	0.05	0.04	0.04	0.05	0.05	0.04	0.05	0.05	0.06	0.05	0.05	0.05	0.05	0.05	0.05	0.06	0.06	0.06	0.06	0.058
Inventory Turnover	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Receivables Turnover	15.74	16.41	14.62	15.14	15.87	16.83	15.00	16.53	17.99	19.25	14.95	15.36	15.77	16.18	14.62	15.06	15.66	16.31	15.92	16.58	16.575
Payables Turnover	18.31	15.85	16.22	16.25	17.45	19.84	19.67	28.09	37.95	47.87	28.84	31.49	33.29	34.93	31.70	32.17	32.66	33.35	42.57	41.89	41.887
DSO	23	22	25	24	23	22	24	22	20	19	24	24	23	23	25	24	23	22	23	22	22.0 days
DIO	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0.0 days
DPO	20	23	23	22	21	18	19	13	10	8	13	12	11	10	12	11	11	11	9	9	8.7 days
Cash Conversion Cycle	3	-1	2	2	2	3	6	9	11	11	12	12	12	12	13	13	12	11	14	13	13.3 days
Fixed Asset Turnover	snapshot only																				5.888
Cash Velocity	snapshot only																				0.337
Capital Intensity	snapshot only																				17.806

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	8.8%	11.3%	11.2%	13.1%	16.0%	18.1%	26.7%	34.8%	40.0%	41.2%	32.7%	23.7%	16.7%	11.9%	11.4%	11.8%	13.2%	15.0%	16.0%	17.2%	17.22%
Net Income	7.6%	23.9%	68.0%	55.4%	45.4%	36.7%	16.9%	11.6%	1.1%	-14.1%	-25.2%	-31.5%	-30.7%	-25.3%	-17.9%	-4.2%	10.4%	22.3%	40.4%	55.5%	55.55%
EPS	7.8%	24.2%	66.8%	54.3%	47.0%	39.2%	19.0%	14.2%	3.3%	-13.2%	-24.4%	-30.5%	-29.6%	-24.2%	-17.3%	-4.0%	9.3%	21.7%	37.5%	53.1%	53.07%
FCF	8.3%	34.6%	33.0%	1.2%	1.3%	94.7%	55.9%	-6.1%	-65.1%	-54.9%	-67.6%	-56.1%	-26.9%	-93.8%	56.4%	59.1%	40.8%	18.6%	-48.1%	-30.5%	-30.54%
EBITDA	16.9%	34.3%	73.0%	58.7%	45.5%	36.0%	16.9%	12.0%	1.5%	-14.4%	-25.3%	-32.3%	-31.8%	-26.0%	-18.3%	-3.0%	11.7%	23.7%	41.5%	50.4%	50.44%
Op. Income	14.8%	32.0%	72.6%	59.1%	46.5%	37.4%	16.5%	11.3%	0.3%	-16.1%	-26.3%	-33.4%	-32.4%	-26.0%	-19.2%	-4.5%	10.5%	21.9%	43.9%	58.8%	58.76%
OCF Growth	snapshot only																				-22.10%
Asset Growth	snapshot only																				6.73%
Equity Growth	snapshot only																				12.92%
Debt Growth	snapshot only																				12.20%
Shares Change	snapshot only																				1.62%
Dividend Growth	snapshot only																				0.00%

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	46.4%	27.6%	15.2%	14.1%	13.6%	14.1%	16.5%	18.7%	20.9%	22.9%	23.2%	23.5%	23.8%	23.1%	23.3%	23.1%	22.7%	22.0%	19.7%	17.5%	17.47%
Revenue 5Y	—	—	—	—	—	—	—	57.9%	38.5%	28.2%	20.8%	19.9%	19.1%	18.6%	18.5%	18.3%	18.5%	19.0%	19.3%	19.8%	19.83%
EPS 3Y	40.7%	27.8%	21.3%	21.2%	20.9%	20.7%	20.8%	19.7%	17.8%	14.5%	14.5%	7.0%	2.3%	-2.9%	-9.4%	-8.7%	-7.4%	-7.1%	-4.9%	0.7%	0.68%
EPS 5Y	—	—	—	—	—	—	—	52.1%	33.5%	20.3%	9.9%	7.1%	5.2%	3.0%	1.9%	2.7%	4.7%	6.7%	11.3%	12.5%	12.46%
Net Income 3Y	38.6%	25.8%	19.3%	19.1%	18.9%	19.5%	19.4%	18.4%	16.5%	13.3%	13.7%	5.9%	0.6%	-4.2%	-10.4%	-9.9%	-8.2%	-7.7%	-4.8%	0.7%	0.68%
Net Income 5Y	—	—	—	—	—	—	—	54.7%	31.4%	18.5%	8.2%	5.3%	3.3%	1.8%	0.9%	1.7%	3.9%	5.9%	11.1%	12.1%	12.10%
EBITDA 3Y	39.4%	26.9%	24.7%	24.5%	25.9%	26.9%	23.8%	22.8%	19.9%	16.1%	14.8%	6.4%	0.2%	-4.8%	-10.7%	-9.7%	-8.2%	-7.8%	-4.8%	-0.4%	-0.41%
EBITDA 5Y	—	—	—	—	—	—	—	55.2%	32.0%	18.9%	11.1%	7.9%	6.7%	5.3%	3.0%	4.0%	5.6%	7.4%	11.8%	11.9%	11.92%
Gross Profit 3Y	45.5%	30.3%	19.8%	19.9%	19.7%	19.8%	19.5%	18.0%	15.8%	13.6%	10.2%	6.3%	3.6%	0.0%	-1.7%	-1.4%	-0.5%	0.3%	2.4%	6.0%	5.99%
Gross Profit 5Y	—	—	—	—	—	—	—	54.4%	32.7%	20.4%	11.3%	9.4%	8.2%	7.2%	6.7%	7.1%	8.2%	9.6%	11.2%	11.9%	11.92%
Op. Income 3Y	38.5%	26.0%	24.2%	24.0%	25.5%	26.6%	23.2%	22.1%	19.1%	15.0%	14.0%	5.7%	-0.2%	-5.2%	-11.5%	-10.9%	-9.2%	-8.9%	-5.0%	0.3%	0.33%
Op. Income 5Y	—	—	—	—	—	—	—	54.7%	31.3%	18.2%	10.5%	7.2%	6.0%	4.7%	2.2%	3.0%	4.7%	6.5%	11.5%	12.3%	12.33%
FCF 3Y	52.2%	30.9%	27.7%	31.4%	50.2%	55.1%	51.5%	1.0%	—	2.1%	—	-2.8%	-15.9%	-62.1%	-7.5%	-13.1%	-28.9%	-18.2%	-35.9%	-21.4%	-21.40%
FCF 5Y	—	—	—	—	—	—	—	69.5%	23.4%	14.5%	1.0%	-1.3%	-2.9%	-36.4%	12.0%	42.6%	—	1.1%	—	0.3%	0.32%
OCF 3Y	59.5%	30.1%	22.6%	23.0%	37.8%	32.4%	29.1%	30.5%	22.3%	19.1%	9.2%	-14.1%	-20.7%	-59.2%	-5.1%	-10.1%	-25.7%	-15.2%	-31.1%	-16.1%	-16.09%
OCF 5Y	—	—	—	—	—	—	—	68.6%	24.1%	14.2%	0.4%	-3.2%	-7.6%	-38.9%	3.2%	11.0%	15.0%	16.8%	3.9%	-4.8%	-4.80%
Assets 3Y	21.9%	21.9%	20.8%	20.8%	20.8%	20.8%	24.2%	24.2%	24.2%	24.2%	16.4%	16.4%	16.4%	16.4%	13.4%	13.4%	13.4%	13.4%	7.6%	7.6%	7.56%
Assets 5Y	—	—	—	—	—	—	—	21.9%	21.9%	21.9%	18.5%	18.5%	18.5%	18.5%	17.4%	17.4%	17.4%	17.4%	13.1%	13.1%	13.06%
Equity 3Y	24.6%	24.6%	19.7%	19.7%	19.7%	19.7%	17.2%	17.2%	17.2%	17.2%	17.0%	17.0%	17.0%	17.0%	6.5%	6.5%	6.5%	6.5%	9.5%	9.5%	9.48%
Book Value 3Y	26.5%	26.5%	21.7%	21.8%	21.8%	21.0%	18.6%	18.6%	18.5%	18.4%	17.8%	18.2%	18.9%	18.7%	7.7%	7.9%	7.4%	7.2%	9.3%	9.5%	9.48%
Dividend 3Y	—	—	—	—	—	—	—	60.6%	27.4%	11.2%	0.7%	1.0%	1.6%	1.4%	1.2%	1.3%	0.9%	0.7%	-0.1%	-0.0%	-0.00%

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	0.85	0.91	0.99	0.99	0.99	0.98	0.93	0.95	0.95	0.94	0.90	0.91	0.91	0.91	0.93	0.95	0.96	0.96	0.98	1.00	0.996
Earnings Stability	0.78	0.89	0.58	0.83	0.89	0.92	0.79	0.89	0.91	0.84	0.55	0.41	0.32	0.19	0.08	0.05	0.06	0.04	0.06	0.11	0.111
Margin Stability	0.96	0.94	0.91	0.92	0.92	0.91	0.91	0.92	0.89	0.85	0.81	0.80	0.78	0.74	0.72	0.72	0.72	0.72	0.74	0.76	0.760
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	1.00	1.00	0.50	0.50	1.00	1.00	1.00	1.00	1.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.50	0.50	0.50	0.50	0.500
FCF Positive Streak	0	1	0	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1
Earnings Persistence	0.97	0.90	0.50	0.50	0.82	0.85	0.93	0.95	1.00	0.94	0.90	0.87	0.88	0.90	0.93	0.98	0.96	0.91	0.84	0.50	0.500
Earnings Smoothness	0.93	0.79	0.49	0.57	0.63	0.69	0.84	0.89	0.99	0.85	0.71	0.63	0.64	0.71	0.80	0.96	0.90	0.80	0.66	0.57	0.565
ROE Trend	-0.00	0.01	0.01	0.00	0.00	0.00	0.02	0.01	-0.00	-0.03	-0.03	-0.04	-0.05	-0.05	-0.04	-0.03	-0.02	-0.01	0.01	0.02	0.024
Gross Margin Trend	0.04	0.10	0.13	0.12	0.11	0.08	0.01	-0.08	-0.17	-0.26	-0.30	-0.30	-0.28	-0.25	-0.20	-0.14	-0.08	-0.03	0.02	0.06	0.065
FCF Margin Trend	0.21	0.23	0.29	0.31	0.52	0.40	0.30	-0.03	-0.33	-0.28	-0.32	-0.28	-0.31	-0.37	-0.14	-0.06	-0.01	0.08	-0.07	-0.04	-0.042
Sustainable Growth Rate	13.3%	15.0%	14.2%	14.4%	14.6%	15.2%	12.8%	12.6%	11.8%	10.5%	8.8%	7.8%	7.4%	7.2%	6.5%	6.9%	7.7%	8.4%	8.6%	10.2%	10.22%
Internal Growth Rate	1.3%	1.5%	1.4%	1.5%	1.5%	1.6%	1.3%	1.3%	1.2%	1.1%	0.8%	0.7%	0.7%	0.7%	0.6%	0.6%	0.7%	0.8%	0.8%	1.0%	0.96%

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	1.49	1.28	1.19	1.36	1.98	1.74	1.59	1.17	0.73	0.96	0.75	0.81	0.73	0.10	1.41	1.35	1.05	1.35	0.60	0.67	0.675
FCF/OCF	0.82	0.93	0.99	1.00	0.98	0.98	0.98	0.98	0.92	0.93	0.90	0.90	0.98	0.75	0.91	0.90	0.86	0.88	0.79	0.80	0.804
FCF/Net Income	snapshot only																				0.542
OCF/EBITDA	snapshot only																				0.495
CapEx/Revenue	7.2%	2.5%	0.6%	0.1%	1.1%	1.1%	1.0%	0.7%	1.5%	1.4%	1.3%	1.3%	0.3%	0.3%	1.6%	1.8%	2.1%	2.4%	2.0%	2.4%	2.35%
CapEx/Depreciation	snapshot only																				3.974
Accruals Ratio	-0.01	-0.00	-0.00	-0.01	-0.02	-0.01	-0.01	-0.00	0.00	0.00	0.00	0.00	0.00	0.01	-0.00	-0.00	-0.00	-0.00	0.00	0.00	0.003
Sloan Accruals	snapshot only																				0.475
Cash Flow Adequacy	snapshot only																				3.247
Earnings Quality Score	snapshot only																				0.500

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	0.0%	0.0%	0.0%	0.2%	0.4%	0.6%	0.8%	1.3%	1.5%	1.5%	1.1%	1.2%	1.3%	1.0%	1.1%	1.0%	0.9%	0.8%	0.8%	0.8%	0.00%
Dividend/Share	$0.00	$0.00	$0.00	$0.03	$0.07	$0.11	$0.14	$0.14	$0.14	$0.14	$0.14	$0.14	$0.15	$0.15	$0.14	$0.14	$0.14	$0.14	$0.14	$0.14	$0.00
Payout Ratio	0.0%	0.0%	0.0%	2.1%	4.1%	5.8%	7.6%	7.7%	8.2%	9.0%	10.1%	11.2%	11.8%	12.1%	12.4%	11.7%	10.7%	9.9%	8.8%	7.5%	7.53%
FCF Payout Ratio	0.0%	0.0%	0.0%	1.6%	2.1%	3.4%	4.9%	6.7%	12.1%	10.1%	15.0%	15.3%	16.6%	1.6%	9.6%	9.6%	11.8%	8.3%	18.5%	13.9%	13.88%
Total Payout Ratio	25.2%	24.3%	6.0%	10.1%	27.9%	27.5%	29.2%	27.2%	12.9%	10.7%	23.0%	31.9%	41.9%	43.2%	30.3%	24.1%	18.4%	17.1%	15.2%	12.2%	12.18%
Div. Increase Streak	—	—	—	0	0	0	0	1	1	1	0	0	0	0	0	0	0	0	0	0	0
Chowder Number	—	—	—	—	—	—	—	3.02	1.01	0.35	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.008
Buyback Yield	1.8%	1.8%	0.5%	0.8%	2.5%	2.4%	2.3%	3.3%	0.8%	0.3%	1.3%	2.3%	3.2%	2.6%	1.6%	1.1%	0.7%	0.6%	0.6%	0.5%	0.50%
Net Buyback Yield	1.8%	1.8%	0.5%	0.8%	2.5%	2.4%	2.3%	3.3%	0.8%	0.3%	1.3%	2.3%	3.2%	2.6%	1.6%	1.1%	0.7%	0.6%	0.4%	0.3%	0.30%
Total Shareholder Return	1.8%	1.8%	0.5%	1.0%	3.0%	3.0%	3.1%	4.7%	2.3%	1.8%	2.4%	3.5%	4.5%	3.7%	2.6%	2.1%	1.6%	1.4%	1.3%	1.1%	1.10%

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)	0.75	0.74	0.74	0.74	0.74	0.74	0.74	0.74	0.75	0.76	0.76	0.76	0.77	0.76	0.77	0.77	0.77	0.77	0.77	0.77	0.767
Interest Burden (EBT/EBIT)	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	0.98	0.98	0.980
EBIT Margin	0.36	0.39	0.46	0.46	0.46	0.46	0.42	0.38	0.33	0.27	0.23	0.20	0.19	0.18	0.17	0.17	0.18	0.19	0.21	0.24	0.236
Asset Turnover	0.05	0.05	0.04	0.04	0.05	0.05	0.04	0.05	0.05	0.06	0.05	0.05	0.05	0.05	0.05	0.05	0.06	0.06	0.06	0.06	0.058
Equity Multiplier	10.18	10.18	9.94	9.94	9.94	9.94	10.12	10.12	10.12	10.12	10.93	10.93	10.93	10.93	10.96	10.96	10.96	10.96	10.74	10.74	10.741

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)	$1.16	$1.31	$1.57	$1.62	$1.71	$1.82	$1.87	$1.85	$1.76	$1.58	$1.42	$1.29	$1.24	$1.20	$1.17	$1.24	$1.36	$1.46	$1.61	$1.89	$1.89
Book Value/Share	$9.11	$9.12	$13.06	$13.01	$13.17	$13.26	$13.81	$13.83	$13.97	$13.92	$15.07	$15.15	$15.33	$15.25	$16.32	$16.33	$16.33	$16.33	$18.05	$18.15	$19.01
Tangible Book/Share	$9.00	$9.00	$12.95	$12.90	$13.06	$13.16	$13.71	$13.73	$13.87	$13.82	$14.97	$15.05	$15.23	$15.15	$15.62	$15.63	$15.63	$15.63	$17.39	$17.49	$17.49
Revenue/Share	$4.31	$4.49	$4.62	$4.77	$5.06	$5.40	$5.96	$6.58	$7.23	$7.71	$7.99	$8.25	$8.57	$8.75	$8.96	$9.24	$9.61	$10.01	$10.18	$10.66	$10.92
FCF/Share	$1.41	$1.57	$1.84	$2.20	$3.33	$3.12	$2.92	$2.11	$1.19	$1.42	$0.96	$0.94	$0.88	$0.09	$1.51	$1.50	$1.23	$1.74	$0.77	$1.03	$1.05
OCF/Share	$1.73	$1.68	$1.87	$2.20	$3.39	$3.17	$2.98	$2.16	$1.29	$1.52	$1.06	$1.05	$0.90	$0.12	$1.65	$1.66	$1.43	$1.98	$0.97	$1.28	$1.31
Cash/Share	$19.03	$19.04	$20.14	$20.05	$20.30	$20.45	$22.32	$22.35	$22.58	$22.49	$25.95	$26.08	$26.40	$26.26	$22.09	$22.11	$22.11	$22.11	$31.41	$31.59	$19.15
EBITDA/Share	$1.63	$1.85	$2.21	$2.28	$2.40	$2.56	$2.63	$2.61	$2.48	$2.22	$1.98	$1.79	$1.72	$1.67	$1.63	$1.74	$1.90	$2.05	$2.26	$2.58	$2.58
Debt/Share	$4.88	$4.89	$4.64	$4.62	$4.68	$4.71	$16.71	$16.73	$16.90	$16.84	$14.61	$14.69	$14.87	$14.78	$16.14	$16.15	$16.15	$16.15	$17.74	$17.84	$17.84
Net Debt/Share	$-14.14	$-14.15	$-15.50	$-15.43	$-15.62	$-15.74	$-5.62	$-5.62	$-5.68	$-5.66	$-11.34	$-11.40	$-11.54	$-11.47	$-5.95	$-5.95	$-5.95	$-5.95	$-13.67	$-13.75	$-13.75

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-B Score	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	2.720
Altman Z-Prime	snapshot only																				-0.707
Piotroski F-Score	7	8	7	7	7	7	7	6	5	5	6	6	6	6	6	7	7	7	7	7	7
Beneish M-Score	-2.23	-2.28	-2.64	-2.44	-2.46	-2.38	-1.82	-1.67	-1.59	-1.64	-1.97	-2.08	-2.17	-2.15	-0.15	-0.26	-0.34	-0.37	-3.08	-3.10	-3.095
Ohlson O-Score	snapshot only																				-4.742
Net-Net WC	snapshot only																				$-140.05
EVA	snapshot only																				$42441164.99

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																				BBB-
Credit Score	61.96	73.73	77.12	77.26	90.88	90.91	59.48	58.88	56.86	54.02	52.42	52.99	50.96	49.91	44.04	43.87	45.38	47.56	48.92	53.49	53.488
Credit Grade	snapshot only																				10
Credit Trend	snapshot only																				9.622
Implied Spread (bps)	snapshot only																				350.000
Industry Credit Rank	snapshot only																				34
Sector Credit Rank	snapshot only																				41

BWB NASDAQ

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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