$23.61

-0.31 (-1.30%)

Weekly Expected Move ±2.4%

$22 $23 $24 $24 $25

NYSE · Financial Services · Asset Management · Tech Score Strong Sell · Power 39 · $5.5B mcap · 203M float · 0.776% daily turnover · Short 60% of daily vol

Edge Score

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

WEAK EDGE

43.0 / 100

NoneWeakNarrowWide

Primary source: Intangible Assets · ROIC: 4.6% · 5Y Avg: 4.4%

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. BXSL shows a Weak competitive edge (43.0/100) — limited structural advantages that may face competitive pressure. The primary source of advantage is Intangible Assets. ROIC of 4.6% 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

$26

Low

$26

Avg Target

$26

High

Based on 1 analyst since Aug 6, 2026 earnings

Analyst Recommendations

Strong Buy: 0Buy: 7Hold: 4Sell: 1Strong Sell: 0

Rating Summary

ConsensusBuy

Avg Target$25.25

Analysts2

Price Target Change History

Date	Firm	Analyst	Old	New	Change	Upside @ Call	Stock@Call
2026-09-01	UBS	—	$24	$26	+1	+2.0%	$25.01
2026-07-23	Oppenheimer	—	Initiated	$25	—	+8.9%	$22.96
2026-05-18	UBS	—	$28	$24	-4	+2.7%	$23.86
2026-05-18	RBC Capital	—	$30	$26	-4	+8.9%	$23.88
2026-01-07	Wells Fargo	Finian O'Shea	$29	$24	-5	-9.7%	$26.57
2025-10-14	UBS	Doug Harter	Initiated	$28	—	+7.7%	$26.01
2024-12-02	Wells Fargo	Finan O'Shea	Initiated	$29	—	-8.7%	$31.78
2022-08-12	Raymond James	—	Initiated	$26	—	+1.0%	$25.24
2022-05-16	RBC Capital	—	Initiated	$30	—	+18.9%	$25.23

Financial Rating

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

Oct 02, 2026

DCF

ROE

ROA

D/E

P/E

P/B

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

Rating Change History

Date	From	To
2026-08-11	B-	B
2026-08-06	B	B-
2026-08-03	B+	B
2026-07-01	B	B+
2026-05-12	B-	B
2026-05-07	B	B-
2026-04-30	B+	B
2026-02-27	B	B+
2026-02-18	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.

★ ★ ★ ★ ★ 39 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. BXSL scores highest in Earnings Quality (84/100) and lowest in Safety (15/100). 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

0.64

Distress Zone

Piotroski F-Score

6/9

✓ ✓ ✗ ✓ ✗ ✓ ✗ ✓ ✓

Beneish M-Score

-2.77

Unlikely Manipulator

Ohlson O-Score

-7.34

Bankruptcy prob: 0.1%

Low Risk

Credit Rating

B-

Score: 22.8/100

Trend: Stable

Earnings Quality

100/100

OCF/NI: 1.91x

Accruals: -1.9%

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. BXSL scores 0.64, 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. BXSL 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. BXSL's score of -2.77 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. BXSL'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. BXSL receives an estimated rating of B- (score: 22.8/100), with a stable 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). BXSL'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

18.58x

PEG

-0.34x

P/S

5.17x

P/B

0.92x

P/FCF

37.27x

P/OCF

9.83x

EV/EBITDA

17.05x

EV/Revenue

12.02x

EV/EBIT

21.25x

EV/FCF

86.39x

Earnings Yield

5.32%

FCF Yield

2.68%

Shareholder Yield

12.39%

Graham Number

$26.92

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 18.6x earnings, BXSL trades at a reasonable valuation. An earnings yield of 5.3% exceeds typical risk-free rates, suggesting equities are being compensated for risk. Graham's intrinsic value formula yields $26.92 per share, suggesting a potential 14% 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

0.982

NI / EBT

Interest Burden

0.496

EBT / EBIT

EBIT Margin

0.566

EBIT / Rev

Asset Turnover

0.077

Rev / Assets

Equity Multiplier

2.250

Assets / Equity

ROE

4.8%

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. BXSL's ROE of 4.8% is driven by a balanced combination of operating margin, asset efficiency, and leverage. A tax burden ratio of 0.98 indicates minimal tax leakage — the company retains over 90% of pre-tax earnings.

Graham-Dodd Adjusted Valuation

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

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

Adj. Growth Rate

0.00%

Fair P/E

8.50x

Intrinsic Value

$10.72

Price/Value

2.21x

Margin of Safety

-121.15%

Premium

121.15%

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 BXSL's realized 0.0% 3-year EPS CAGR, capped at 15% — demonstrated performance rather than forecasts, held to a rate companies have historically sustained. BXSL trades at a 121% premium to its adjusted intrinsic value of $10.72, 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 18.6x.

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 1237 days of historical volatility. Percentile bands show the range of statistically plausible outcomes — this is a statistical model, not a forecast.

Current Price

$23.60

Median 1Y

$24.25

5th Pctile

$16.49

95th Pctile

$35.56

Ann. Volatility

23.6%

Analyst Target

$25.25

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

—

Revenue / Employee

—

Rev: $1,266,727,000

Profit / Employee

—

NI: $563,455,000

SGA / Employee

—

Avg labor cost proxy

Scaling Efficiency

All Ratios & Metrics

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

Profitability

Metric	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	2.7%	5.2%	7.1%	9.7%	9.4%	10.1%	11.5%	13.1%	13.4%	14.1%	14.5%	13.4%	12.6%	11.6%	10.6%	10.0%	9.1%	7.1%	4.8%	4.80%
ROA	1.2%	2.2%	3.0%	4.1%	4.0%	4.3%	5.0%	5.8%	6.1%	6.4%	6.6%	6.2%	5.9%	5.4%	4.9%	4.5%	4.0%	3.1%	2.1%	2.13%
ROIC	1.2%	2.3%	3.1%	4.2%	4.2%	4.6%	5.5%	6.1%	6.3%	6.4%	6.3%	5.8%	5.4%	5.2%	4.7%	4.4%	4.8%	4.7%	4.6%	4.57%
ROCE	1.2%	2.3%	3.1%	4.3%	4.3%	4.5%	5.4%	6.1%	6.2%	6.4%	6.3%	5.8%	5.4%	4.9%	4.7%	4.4%	4.7%	4.6%	4.5%	4.46%
Gross Margin	76.2%	72.8%	63.2%	63.1%	66.1%	69.1%	70.7%	74.4%	71.3%	76.2%	73.6%	66.2%	62.9%	65.1%	66.8%	63.0%	2.4%	87.8%	86.4%	86.42%
Operating Margin	77.7%	76.2%	67.2%	66.4%	68.2%	70.3%	71.7%	74.9%	70.3%	72.8%	70.7%	63.1%	63.5%	61.3%	62.4%	58.2%	1.1%	38.8%	36.0%	35.99%
Net Margin	77.4%	75.2%	67.2%	66.4%	68.2%	69.0%	69.3%	72.7%	68.5%	71.5%	69.5%	61.5%	62.0%	59.6%	60.9%	56.4%	58.0%	7.7%	3.4%	3.36%
EBITDA Margin	77.7%	76.2%	67.2%	66.4%	68.2%	70.3%	71.7%	74.9%	70.3%	72.8%	70.7%	63.1%	63.5%	61.3%	62.4%	58.2%	1.1%	82.5%	39.6%	39.57%
FCF Margin	-8.8%	-4.7%	-3.3%	-1.6%	1.2%	1.3%	1.8%	91.6%	52.5%	-9.9%	-1.3%	-1.7%	-2.4%	-1.6%	-1.2%	-1.1%	-47.9%	-61.2%	13.9%	13.92%
OCF Margin	-8.8%	-4.7%	-3.3%	-1.6%	1.2%	1.3%	1.8%	91.6%	52.5%	-9.9%	-1.3%	-1.7%	-2.4%	-1.6%	-1.2%	-1.1%	-4.7%	-21.3%	52.8%	52.78%
ROE 3Y Avg	snapshot only																			9.30%
ROE 5Y Avg	snapshot only																			9.31%
ROA 3Y Avg	snapshot only																			4.22%
ROIC 3Y Avg	snapshot only																			5.01%
ROIC Economic	snapshot only																			4.49%
Cash ROA	snapshot only																			4.07%
Cash ROIC	snapshot only																			4.25%
CROIC	snapshot only																			1.12%
NOPAT Margin	snapshot only																			56.75%
Pretax Margin	snapshot only																			28.09%
R&D / Revenue	snapshot only																			0.00%
SGA / Revenue	snapshot only																			1.80%
SBC / Revenue	snapshot only																			0.00%

Valuation

Metric	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	31.56	14.17	9.19	6.80	6.67	7.10	6.97	6.58	6.35	7.77	7.38	7.82	9.36	10.52	11.01	10.02	10.71	12.53	18.80	18.579
P/S Ratio	24.43	10.83	6.78	4.89	4.62	4.82	4.77	4.60	4.44	5.49	5.21	5.30	6.20	6.67	6.72	5.99	6.30	5.31	5.19	5.166
P/B Ratio	0.87	0.73	0.65	0.66	0.65	0.74	0.80	0.82	0.78	0.99	0.97	0.94	1.07	1.11	1.08	0.96	0.97	0.90	0.93	0.925
P/FCF	-2.77	-2.31	-2.07	-3.11	4.01	3.65	2.62	5.02	8.47	-55.13	-3.95	-3.08	-2.57	-4.07	-5.60	-5.30	-13.16	-8.68	37.27	37.267
P/OCF	—	—	—	—	4.01	3.65	2.62	5.02	8.47	—	—	—	—	—	—	—	—	—	9.83	9.826
EV/EBITDA	75.50	37.85	27.22	20.00	19.94	19.24	16.36	14.61	13.75	15.17	15.22	16.45	18.80	19.89	21.62	21.78	20.34	16.55	17.05	17.053
EV/Revenue	58.67	29.14	20.21	14.44	13.86	13.14	11.36	10.45	9.88	10.99	10.98	11.41	12.72	12.89	13.52	13.38	14.43	12.73	12.02	12.022
EV/EBIT	75.50	37.85	27.22	20.00	19.94	19.24	16.36	14.61	13.75	15.17	15.22	16.45	18.80	19.89	21.62	21.78	20.40	20.32	21.25	21.247
EV/FCF	-6.66	-6.21	-6.17	-9.21	12.03	9.96	6.25	11.41	18.84	-110.51	-8.33	-6.62	-5.27	-7.87	-11.26	-11.84	-30.14	-20.79	86.39	86.395
Earnings Yield	3.2%	7.1%	10.9%	14.7%	15.0%	14.1%	14.3%	15.2%	15.8%	12.9%	13.5%	12.8%	10.7%	9.5%	9.1%	10.0%	9.3%	8.0%	5.3%	5.32%
FCF Yield	-36.1%	-43.3%	-48.3%	-32.1%	24.9%	27.4%	38.1%	19.9%	11.8%	-1.8%	-25.3%	-32.5%	-38.9%	-24.6%	-17.9%	-18.9%	-7.6%	-11.5%	2.7%	2.68%
Price/Tangible Book	snapshot only																			0.928
EV/OCF	snapshot only																			22.778
EV/Gross Profit	snapshot only																			10.704
Acquirers Multiple	snapshot only																			21.496
Shareholder Yield	snapshot only																			12.39%
Graham Number	snapshot only																			$26.92

Leverage & Solvency

Metric	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Current Ratio	1.33	1.13	0.60	0.51	0.66	1.49	1.48	1.67	29.15	1.27	2.27	1.92	1.45	3.92	1.35	1.13	1.27	1.54	1.39	1.390
Quick Ratio	1.33	1.13	0.60	0.51	0.66	1.49	1.48	1.67	29.15	1.27	2.27	1.92	1.45	3.92	1.35	1.13	1.27	1.54	1.39	1.390
Debt/Equity	1.24	1.27	1.33	1.32	1.33	1.30	1.14	1.08	0.99	1.02	1.13	1.12	1.16	1.18	1.13	1.22	1.29	1.32	1.27	1.269
Net Debt/Equity	1.21	1.24	1.29	1.29	1.30	1.28	1.11	1.05	0.96	0.99	1.07	1.09	1.12	1.04	1.10	1.18	1.25	1.26	1.22	1.224
Debt/Assets	0.54	0.55	0.56	0.56	0.56	0.55	0.52	0.51	0.48	0.49	0.52	0.52	0.52	0.53	0.52	0.54	0.55	0.56	0.55	0.546
Debt/EBITDA	44.90	24.40	18.63	13.56	13.62	12.43	9.78	8.42	7.81	7.82	8.40	9.08	9.96	10.93	11.17	12.43	11.89	10.08	10.05	10.054
Net Debt/EBITDA	44.06	23.79	18.09	13.23	13.29	12.19	9.49	8.18	7.57	7.60	8.00	8.80	9.63	9.60	10.88	12.03	11.46	9.64	9.70	9.697
Interest Coverage	3.27	3.03	2.59	2.35	2.07	2.00	2.15	2.41	2.52	2.71	2.77	2.47	2.24	1.97	1.80	1.73	1.26	1.18	1.06	1.059
Equity Multiplier	2.29	2.33	2.38	2.38	2.38	2.35	2.20	2.13	2.05	2.08	2.18	2.17	2.22	2.24	2.18	2.27	2.35	2.37	2.32	2.323
Cash Ratio	snapshot only																			0.864
Debt Service Coverage	snapshot only																			1.319
Cash to Debt	snapshot only																			0.035
FCF to Debt	snapshot only																			0.020
Defensive Interval	snapshot only																			460.4 days

Efficiency & Turnover

Metric	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	0.02	0.03	0.04	0.06	0.06	0.06	0.07	0.08	0.09	0.09	0.09	0.09	0.09	0.08	0.08	0.08	0.07	0.07	0.08	0.077
Inventory Turnover	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Receivables Turnover	0.77	1.97	3.75	5.21	3.31	5.01	6.32	6.59	7.23	8.96	6.90	6.52	9.56	9.11	6.44	7.30	8.33	9.19	7.66	7.657
Payables Turnover	1.04	1.52	10.25	9.22	6.95	2.32	2.47	2.56	17.30	1.48	1.36	1.58	2.50	1.50	1.58	1.65	-0.15	-0.33	-1.03	—
DSO	476	185	97	70	110	73	58	55	50	41	53	56	38	40	57	50	44	40	48	47.7 days
DIO	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	—	—	—	—
DPO	353	240	36	40	53	158	148	142	21	247	268	232	146	244	232	221	—	—	—	—
Cash Conversion Cycle	123	-55	62	30	58	-85	-90	-87	29	-206	-215	-176	-108	-204	-175	-171	—	—	—	—
Cash Velocity	snapshot only																			3.980
Capital Intensity	snapshot only																			12.973

Growth (YoY)

Metric	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Revenue	—	—	—	—	2.7%	1.1%	75.2%	46.3%	49.8%	44.8%	36.9%	23.3%	19.8%	12.0%	1.1%	-1.2%	-8.5%	-0.6%	4.8%	4.81%
Net Income	—	—	—	—	2.3%	90.3%	62.4%	42.4%	51.3%	50.6%	41.3%	19.5%	13.4%	0.5%	-12.6%	-12.9%	-18.8%	-33.5%	-52.6%	-52.61%
EPS	—	—	—	—	2.5%	1.0%	70.8%	38.4%	44.7%	26.8%	17.3%	-0.2%	-12.5%	-15.5%	-25.7%	-23.2%	-23.0%	-35.1%	-53.5%	-53.50%
FCF	—	—	—	—	1.5%	1.6%	2.0%	1.9%	-31.8%	-1.1%	-2.0%	-3.3%	-6.5%	-17.4%	7.9%	35.3%	81.8%	62.8%	1.1%	1.12%
EBITDA	—	—	—	—	2.3%	89.9%	63.8%	44.9%	54.9%	53.7%	42.3%	19.5%	12.7%	0.2%	-12.4%	-12.5%	-4.1%	17.9%	18.1%	18.09%
Op. Income	—	—	—	—	2.3%	89.9%	63.8%	44.9%	54.9%	53.7%	42.3%	19.5%	12.7%	0.2%	-12.4%	-12.5%	-4.3%	-3.5%	-6.3%	-6.31%
OCF Growth	snapshot only																			1.46%
Asset Growth	snapshot only																			0.61%
Equity Growth	snapshot only																			-5.56%
Debt Growth	snapshot only																			6.28%
Shares Change	snapshot only																			1.91%
Dividend Growth	snapshot only																			4.85%

Growth (CAGR)

Metric	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	—	—	—	—	—	—	—	—	—	—	—	—	88.0%	51.4%	34.3%	21.2%	17.9%	17.2%	13.2%	13.19%
Revenue 5Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
EPS 3Y	—	—	—	—	—	—	—	—	—	—	—	—	64.3%	29.2%	14.2%	2.0%	-0.9%	-11.4%	-26.0%	-26.00%
EPS 5Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Net Income 3Y	—	—	—	—	—	—	—	—	—	—	—	—	78.5%	42.3%	26.1%	14.0%	11.7%	0.2%	-16.4%	-16.36%
Net Income 5Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
EBITDA 3Y	—	—	—	—	—	—	—	—	—	—	—	—	79.5%	43.0%	26.9%	14.8%	18.7%	22.0%	13.8%	13.77%
EBITDA 5Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Gross Profit 3Y	—	—	—	—	—	—	—	—	—	—	—	—	82.6%	46.2%	30.4%	18.4%	36.9%	38.4%	34.0%	34.03%
Gross Profit 5Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Op. Income 3Y	—	—	—	—	—	—	—	—	—	—	—	—	79.5%	43.0%	26.9%	14.8%	18.7%	14.1%	5.3%	5.32%
Op. Income 5Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
FCF 3Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	-51.9%	-51.94%
FCF 5Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
OCF 3Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	-25.1%	-25.05%
OCF 5Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Assets 3Y	—	—	—	—	—	—	—	—	—	—	—	—	9.8%	10.6%	9.7%	12.8%	13.9%	13.6%	13.0%	12.95%
Assets 5Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Equity 3Y	—	—	—	—	—	—	—	—	—	—	—	—	11.0%	12.1%	13.0%	14.6%	14.5%	13.3%	10.9%	10.93%
Book Value 3Y	—	—	—	—	—	—	—	—	—	—	—	—	2.1%	1.7%	2.3%	2.5%	1.7%	0.2%	-1.8%	-1.85%
Dividend 3Y	—	—	—	—	—	—	—	—	—	—	—	—	1.2%	-1.8%	-3.0%	-5.1%	-6.7%	-8.3%	-9.5%	-9.54%

Growth Quality

Metric	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	—	—	—	—	—	—	—	—	0.99	1.00	1.00	0.99	0.96	0.96	0.89	0.85	0.69	0.79	0.75	0.750
Earnings Stability	—	—	—	—	—	—	—	—	0.99	1.00	1.00	0.99	0.95	0.90	0.72	0.57	0.67	0.32	0.01	0.006
Margin Stability	—	—	—	—	—	—	—	—	0.93	0.93	0.96	0.98	0.94	0.94	0.94	0.95	0.78	0.75	0.72	0.724
Rev. Growth Consistency	0.00	0.00	0.00	0.00	0.50	0.50	0.50	0.50	1.00	1.00	1.00	1.00	1.00	1.00	1.00	0.00	0.00	0.00	1.00	1.000
Earn. Growth Consistency	0.00	0.00	0.00	0.00	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	0.000
FCF Positive Streak	0	0	0	0	0	0	0	0	1	0	0	0	0	0	0	0	0	0	0	0
Earnings Persistence	—	—	—	—	—	—	—	—	0.50	0.50	0.83	0.92	0.95	1.00	0.95	0.95	0.92	0.87	0.50	0.500
Earnings Smoothness	—	—	—	—	0.00	0.38	0.52	0.65	0.59	0.60	0.66	0.82	0.87	1.00	0.87	0.86	0.79	0.60	0.29	0.286
ROE Trend	—	—	—	—	—	—	—	—	0.06	0.05	0.04	0.01	0.00	-0.01	-0.02	-0.03	-0.03	-0.04	-0.07	-0.065
Gross Margin Trend	—	—	—	—	—	—	—	—	0.00	0.03	0.04	0.02	0.01	-0.02	-0.06	-0.07	0.33	0.38	0.43	0.427
FCF Margin Trend	—	—	—	—	—	—	—	—	4.35	1.59	-0.59	-1.40	-3.25	-2.25	-1.45	-0.73	0.46	0.26	1.40	1.398
Sustainable Growth Rate	1.3%	2.0%	1.2%	0.8%	-0.4%	-0.0%	1.7%	3.4%	3.8%	3.7%	3.9%	2.6%	2.0%	0.9%	-0.3%	-1.1%	-1.9%	-4.0%	-6.4%	-6.37%
Internal Growth Rate	0.6%	0.8%	0.5%	0.4%	—	—	0.7%	1.5%	1.8%	1.7%	1.8%	1.2%	0.9%	0.4%	—	—	—	—	—	—

Cash Flow Quality

Metric	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	-11.39	-6.14	-4.44	-2.18	1.66	1.94	2.66	1.31	0.75	-0.14	-1.87	-2.54	-3.64	-2.58	-1.97	-1.89	-0.08	-0.50	1.91	1.913
FCF/OCF	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	10.09	2.87	0.26	0.264
FCF/Net Income	snapshot only																			0.504
OCF/EBITDA	snapshot only																			0.749
CapEx/Revenue	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.00%
CapEx/Depreciation	snapshot only																			0.000
Accruals Ratio	0.15	0.16	0.16	0.13	-0.03	-0.04	-0.08	-0.02	0.02	0.07	0.19	0.22	0.27	0.19	0.14	0.13	0.04	0.05	-0.02	-0.019
Sloan Accruals	snapshot only																			-0.008
Cash Flow Adequacy	snapshot only																			0.822
Earnings Quality Score	snapshot only																			1.000

Dividends & Buybacks

Metric	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	1.7%	4.4%	9.1%	13.4%	15.7%	14.1%	12.2%	11.3%	11.3%	9.5%	9.9%	10.3%	9.0%	8.8%	9.4%	11.0%	11.2%	12.4%	12.4%	13.05%
Dividend/Share	$0.38	$0.84	$1.52	$2.24	$2.64	$2.72	$2.66	$2.52	$2.61	$2.54	$2.68	$2.73	$2.68	$2.70	$2.80	$2.88	$2.96	$2.94	$2.94	$3.08
Payout Ratio	52.6%	62.1%	83.6%	91.4%	1.0%	1.0%	85.4%	74.2%	71.6%	73.6%	73.3%	80.7%	84.0%	92.6%	1.0%	1.1%	1.2%	1.6%	2.3%	2.33%
FCF Payout Ratio	—	—	—	—	62.9%	51.5%	32.1%	56.7%	95.5%	—	—	—	—	—	—	—	—	—	4.6%	4.62%
Total Payout Ratio	52.6%	62.1%	83.6%	1.3%	1.6%	1.5%	1.3%	82.4%	71.6%	73.6%	73.3%	80.7%	84.0%	92.6%	1.0%	1.1%	1.2%	1.6%	2.3%	2.33%
Div. Increase Streak	0	0	0	0	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1
Chowder Number	—	—	—	—	5.76	2.21	0.78	0.27	0.15	0.20	0.31	0.40	0.42	0.35	0.32	0.30	0.27	0.24	0.19	0.192
Buyback Yield	0.0%	0.0%	0.0%	6.0%	7.8%	6.8%	6.0%	1.3%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.00%
Net Buyback Yield	-6.9%	-8.1%	-9.3%	-3.7%	7.8%	6.8%	2.5%	-7.6%	-17.1%	-16.2%	-17.0%	-18.4%	-16.0%	-15.3%	-13.7%	-10.8%	-4.9%	-1.9%	-0.9%	-0.86%
Total Shareholder Return	-5.2%	-3.8%	-0.2%	9.8%	23.5%	20.9%	14.7%	3.7%	-5.9%	-6.7%	-7.1%	-8.1%	-7.0%	-6.5%	-4.3%	0.2%	6.3%	10.5%	11.5%	11.52%

DuPont Factors

Metric	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)	1.00	0.99	0.99	1.00	1.00	0.99	0.99	0.98	0.97	0.97	0.98	0.98	0.98	0.98	0.98	0.97	0.98	0.98	0.98	0.982
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	0.85	0.69	0.50	0.496
EBIT Margin	0.78	0.77	0.74	0.72	0.69	0.68	0.69	0.72	0.72	0.72	0.72	0.69	0.68	0.65	0.63	0.61	0.71	0.63	0.57	0.566
Asset Turnover	0.02	0.03	0.04	0.06	0.06	0.06	0.07	0.08	0.09	0.09	0.09	0.09	0.09	0.08	0.08	0.08	0.07	0.07	0.08	0.077
Equity Multiplier	2.29	2.33	2.38	2.38	2.33	2.34	2.29	2.25	2.20	2.20	2.19	2.15	2.14	2.17	2.18	2.22	2.28	2.30	2.25	2.250

Per Share

Metric	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)	$0.72	$1.35	$1.82	$2.45	$2.52	$2.72	$3.11	$3.39	$3.65	$3.45	$3.65	$3.39	$3.19	$2.91	$2.71	$2.60	$2.46	$1.89	$1.26	$1.26
Book Value/Share	$26.27	$26.15	$25.70	$25.26	$25.93	$26.11	$27.01	$27.10	$29.54	$27.05	$27.82	$28.02	$27.96	$27.54	$27.56	$27.20	$27.25	$26.27	$25.54	$25.56
Tangible Book/Share	$26.27	$26.15	$25.70	$25.26	$25.93	$26.11	$27.01	$27.10	$29.54	$27.05	$27.82	$28.02	$27.96	$27.54	$27.56	$27.20	$27.25	$26.27	$25.54	$25.54
Revenue/Share	$0.93	$1.77	$2.47	$3.41	$3.64	$4.00	$4.55	$4.85	$5.22	$4.88	$5.18	$4.99	$4.82	$4.60	$4.45	$4.35	$4.18	$4.46	$4.57	$4.57
FCF/Share	$-8.20	$-8.30	$-8.09	$-5.35	$4.20	$5.28	$8.27	$4.44	$2.74	$-0.49	$-6.82	$-8.60	$-11.62	$-7.53	$-5.34	$-4.92	$-2.00	$-2.73	$0.64	$0.64
OCF/Share	$-8.20	$-8.30	$-8.09	$-5.35	$4.20	$5.28	$8.27	$4.44	$2.74	$-0.49	$-6.82	$-8.60	$-11.62	$-7.53	$-5.34	$-4.92	$-0.20	$-0.95	$2.41	$0.64
Cash/Share	$0.61	$0.83	$1.00	$0.79	$0.82	$0.64	$0.91	$0.86	$0.92	$0.77	$1.50	$0.95	$1.06	$3.96	$0.82	$1.08	$1.26	$1.51	$1.15	$1.15
EBITDA/Share	$0.72	$1.36	$1.83	$2.46	$2.53	$2.73	$3.16	$3.47	$3.75	$3.54	$3.73	$3.46	$3.26	$2.98	$2.78	$2.67	$2.97	$3.43	$3.22	$3.22
Debt/Share	$32.48	$33.25	$34.16	$33.40	$34.47	$33.97	$30.90	$29.22	$29.30	$27.67	$31.38	$31.41	$32.46	$32.59	$31.07	$33.22	$35.26	$34.60	$32.41	$32.41
Net Debt/Share	$31.88	$32.42	$33.17	$32.61	$33.65	$33.33	$29.99	$28.36	$28.38	$26.90	$29.87	$30.45	$31.41	$28.63	$30.25	$32.14	$34.00	$33.09	$31.26	$31.26

Academic Models

Metric	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	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	0.640
Altman Z-Prime	snapshot only																			1.058
Piotroski F-Score	2	2	2	2	6	7	9	8	7	5	6	4	2	2	1	1	2	2	6	6
Beneish M-Score	—	—	—	—	-2.88	-2.73	-2.59	-2.24	-2.58	-2.08	-1.21	-1.18	-0.91	-1.36	-1.93	-2.28	-3.12	-2.43	-2.77	-2.766
Ohlson O-Score	snapshot only																			-7.344
ROIC (Greenblatt)	snapshot only																			4.99%
Net-Net WC	snapshot only																			$-31.91
EVA	snapshot only																			$-717326161.75

Credit

Metric	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																			B-
Credit Score	28.51	27.68	19.55	19.94	23.57	29.12	32.86	36.09	37.08	29.79	30.77	29.89	25.81	30.41	23.55	22.62	21.64	24.48	22.76	22.761
Credit Grade	snapshot only																			16
Credit Trend	snapshot only																			-0.786
Implied Spread (bps)	snapshot only																			900.000
Industry Credit Rank	snapshot only																			10
Sector Credit Rank	snapshot only																			7

BXSL 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

Workforce & Productivity

Scaling Efficiency

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