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

41.6 / 100

NoneWeakNarrowWide

Primary source: Efficient Scale · ROIC: 62.8% · 5Y Avg: 5.2%

Cost Advantage

47

Intangibles

48

Switching Cost

17

Network Effect

49

Scale ★

57

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. C-PN shows a Weak competitive edge (41.6/100) — limited structural advantages that may face competitive pressure. The primary source of advantage is Efficient Scale. ROIC of 62.8% confirms the company is generating returns well above its cost of capital — a hallmark of durable competitive advantages.

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.

★ ★ ★ ★ ★ 17 Grade D

Profitability

43

Balance Sheet

44

Earnings Quality

37

Growth

59

Value

90

Momentum

14

Safety

80

Cash Flow

18

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. C-PN scores highest in Value (90/100) and lowest in Momentum (14/100). 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-B Score

3.29

Safe Zone

Piotroski F-Score

5/9

✓ ✗ ✓ ✗ ✗ ✓ ✓ ✓ ✗

Beneish M-Score

-2.25

Unlikely Manipulator

Ohlson O-Score

-6.73

Bankruptcy prob: 0.1%

Low Risk

Credit Rating

BB+

Score: 47.1/100

Trend: Improving

Earnings Quality

25/100

OCF/NI: -1.03x

Accruals: 1.3%

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. C-PN scores 3.29, placing it in the Safe Zone (safe > 3.0, distress < 1.5). Bankruptcy is statistically unlikely within the next two years. The Piotroski F-Score (2000) is a 9-point binary checklist — four profitability tests (positive ROA, positive cash flow, improving ROA, cash flow exceeding net income), three leverage tests (declining debt ratio, improving current ratio, no share dilution), and two efficiency tests (improving gross margin, improving asset turnover). Each pass scores 1 point. C-PN scores 5/9, 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. C-PN's score of -2.25 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. C-PN'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. C-PN receives an estimated rating of BB+ (score: 47.1/100), 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). C-PN's score of 25/100 is low — reported earnings may not be fully supported by 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

13.63x

PEG

0.37x

P/S

1.26x

P/B

1.03x

P/FCF

-2.04x

P/OCF

—

EV/EBITDA

-4.56x

EV/Revenue

-0.76x

EV/EBIT

-5.38x

EV/FCF

5.43x

Earnings Yield

35.67%

FCF Yield

-49.12%

Shareholder Yield

53.58%

Graham Number

$167.90

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 13.6x earnings, C-PN trades at a reasonable valuation. An earnings yield of 35.7% exceeds typical risk-free rates, suggesting equities are being compensated for risk. Graham's intrinsic value formula yields $167.90 per share, suggesting a potential 533% 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

0.720

NI / EBT

×

Interest Burden

1.000

EBT / EBIT

×

EBIT Margin

0.142

EBIT / Rev

×

Asset Turnover

0.063

Rev / Assets

×

Equity Multiplier

12.975

Assets / Equity

=

ROE

8.4%

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. C-PN's ROE of 8.4% is driven by financial leverage (equity multiplier: 12.97x). 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.

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

14.32%

Fair P/E

37.15x

Intrinsic Value

$380.98

Price/Value

0.08x

Margin of Safety

92.45%

Premium

-92.45%

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 C-PN's realized 14.3% 3-year EPS CAGR, capped at 15% — demonstrated performance rather than forecasts, held to a rate companies have historically sustained. At an intrinsic value of $380.98, C-PN appears undervalued with a 92% margin of safety. The adjusted fair P/E of 37.1x compares to the current market P/E of 13.6x.

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 1800 days of historical volatility. Percentile bands show the range of statistically plausible outcomes — this is a statistical model, not a forecast.

Current Price

$26.52

Median 1Y

$27.02

5th Pctile

$22.75

95th Pctile

$31.97

Ann. Volatility

10.3%

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
Paco Ybarra CEO, er CEO, Institutional Clients Group	$8,048,408	$15,618,292	$29,495,659
Jane Fraser CEO	$1,500,000	$18,701,013	$25,458,313
Andrew Morton Head of Markets	$7,708,719	$11,610,885	$24,589,465
Anand Selvakesari Operating rating Officer	$1,000,000	$6,560,070	$14,743,246
Mark Mason CFO	$1,000,000	$7,535,196	$14,488,496
Andy Sieg Head of Wealth	$268,493	$9,440,673	$14,109,935

CEO Pay Ratio

169:1

CEO-to-Employee Pay Ratio

CEO Total Comp: $29,495,659

Avg Employee Cost (SGA/emp): $174,473

Employees: 226,000

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

226,000

-1.3% YoY

Revenue / Employee

$744,699

Rev: $168,302,000,000

Profit / Employee

$63,133

NI: $14,268,000,000

SGA / Employee

$174,473

Avg labor cost proxy

R&D / Employee

$10,288

Innovation spend

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	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	11.5%	10.9%	9.2%	8.3%	7.8%	7.4%	7.5%	6.6%	6.7%	4.5%	3.9%	4.0%	3.8%	6.1%	6.4%	6.7%	7.0%	6.8%	7.6%	8.4%	8.37%
ROA	1.0%	1.0%	0.8%	0.7%	0.7%	0.6%	0.6%	0.6%	0.6%	0.4%	0.3%	0.3%	0.3%	0.5%	0.5%	0.6%	0.6%	0.6%	0.6%	0.6%	0.65%
ROIC	26.1%	16.4%	11.8%	9.4%	8.9%	10.7%	6.8%	5.2%	4.5%	3.1%	2.7%	2.5%	2.8%	4.3%	3.1%	3.9%	5.7%	5.7%	-1.4%	62.8%	62.77%
ROCE	5.3%	5.2%	4.1%	3.9%	3.6%	3.4%	3.5%	3.2%	3.3%	2.3%	2.0%	2.1%	1.9%	3.0%	3.1%	3.1%	3.3%	1.8%	3.7%	4.0%	3.99%
Gross Margin	91.0%	96.8%	86.0%	78.9%	65.6%	53.2%	50.6%	46.2%	44.0%	37.0%	42.7%	41.5%	40.7%	41.6%	45.8%	44.4%	44.8%	43.2%	49.2%	49.1%	49.14%
Operating Margin	30.2%	21.5%	24.5%	25.7%	17.4%	10.4%	17.0%	10.6%	11.8%	-5.1%	10.4%	10.1%	10.1%	9.3%	13.2%	12.3%	12.2%	9.3%	16.9%	17.7%	17.72%
Net Margin	23.9%	17.3%	20.1%	19.6%	13.8%	8.3%	12.6%	7.6%	8.7%	-4.4%	7.7%	7.5%	7.5%	7.0%	9.9%	9.5%	8.6%	6.0%	13.0%	12.9%	12.87%
EBITDA Margin	35.5%	26.9%	29.3%	30.3%	21.6%	14.1%	20.0%	13.6%	14.6%	-2.2%	12.9%	12.7%	12.6%	11.8%	15.8%	14.9%	14.8%	12.0%	19.4%	20.3%	20.26%
FCF Margin	71.1%	72.1%	30.8%	57.1%	10.6%	35.7%	12.3%	-48.8%	-31.7%	-51.0%	-36.8%	-13.9%	-32.6%	-15.3%	-44.0%	-55.8%	-45.1%	-44.1%	-21.7%	-14.1%	-14.05%
OCF Margin	76.1%	77.3%	36.5%	63.0%	16.2%	41.3%	17.6%	-44.0%	-27.1%	-46.8%	-32.8%	-9.9%	-28.7%	-11.5%	-40.2%	-51.9%	-41.2%	-40.2%	-18.0%	-10.5%	-10.49%
ROE 3Y Avg	snapshot only																				6.34%
ROE 5Y Avg	snapshot only																				6.78%
ROA 3Y Avg	snapshot only																				0.50%
ROIC Economic	snapshot only																				1.79%
Cash ROA	snapshot only																				-0.63%
Cash ROIC	snapshot only																				-62.84%
CROIC	snapshot only																				-84.18%
NOPAT Margin	snapshot only																				10.48%
Pretax Margin	snapshot only																				14.16%
R&D / Revenue	snapshot only																				1.33%
SGA / Revenue	snapshot only																				23.34%
SBC / Revenue	snapshot only																				0.00%

Valuation

Metric	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	2.09	2.15	2.51	2.66	2.97	3.16	3.13	3.51	3.56	4.99	6.01	5.96	6.46	4.16	4.00	3.75	3.74	3.94	3.26	2.80	13.627
P/S Ratio	0.59	0.60	0.58	0.54	0.52	0.47	0.41	0.36	0.33	0.29	0.29	0.29	0.30	0.31	0.32	0.32	0.33	0.33	0.30	0.29	1.265
P/B Ratio	0.24	0.23	0.23	0.22	0.23	0.23	0.23	0.23	0.23	0.22	0.23	0.24	0.25	0.25	0.25	0.25	0.26	0.26	0.25	0.24	1.031
P/FCF	0.84	0.83	1.90	0.94	4.94	1.31	3.33	-0.74	-1.05	-0.58	-0.80	-2.11	-0.93	-2.02	-0.72	-0.57	-0.72	-0.76	-1.40	-2.04	-2.036
P/OCF	0.78	0.77	1.60	0.85	3.22	1.13	2.34	—	—	—	—	—	—	—	—	—	—	—	—	—	—
EV/EBITDA	-2.03	-0.65	0.13	0.99	1.09	-0.55	2.74	4.49	6.30	8.14	8.78	11.27	8.68	6.81	12.37	9.14	4.25	3.99	-6.47	-4.56	-4.555
EV/Revenue	-0.83	-0.26	0.04	0.30	0.29	-0.13	0.57	0.77	0.98	0.91	0.85	1.07	0.79	0.85	1.63	1.26	0.61	0.57	-0.99	-0.76	-0.762
EV/EBIT	-2.32	-0.75	0.15	1.18	1.31	-0.67	3.34	5.61	7.86	11.02	12.34	15.68	12.15	8.53	15.29	11.20	5.18	4.87	-7.78	-5.38	-5.383
EV/FCF	-1.16	-0.36	0.14	0.53	2.75	-0.35	4.63	-1.57	-3.09	-1.78	-2.30	-7.74	-2.43	-5.55	-3.71	-2.25	-1.35	-1.30	4.58	5.43	5.426
Earnings Yield	47.9%	46.5%	39.8%	37.6%	33.6%	31.6%	32.0%	28.5%	28.1%	20.0%	16.6%	16.8%	15.5%	24.0%	25.0%	26.7%	26.8%	25.4%	30.7%	35.7%	35.67%
FCF Yield	1.2%	1.2%	52.7%	1.1%	20.3%	76.4%	30.0%	-1.3%	-95.7%	-1.7%	-1.3%	-47.3%	-1.1%	-49.6%	-1.4%	-1.8%	-1.4%	-1.3%	-71.4%	-49.1%	-49.12%
PEG Ratio	snapshot only																				0.366
Price/Tangible Book	snapshot only																				0.265
EV/Gross Profit	snapshot only																				-1.634
Acquirers Multiple	snapshot only																				-5.383
Shareholder Yield	snapshot only																				53.58%
Graham Number	snapshot only																				$167.90

Leverage & Solvency

Metric	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	0.37	0.34	0.34	0.32	0.33	0.34	0.33	0.31	0.30	0.30	0.31	0.30	0.32	0.31	0.29	0.31	0.37	0.48	0.49	0.47	0.475
Quick Ratio	0.37	0.34	0.34	0.32	0.33	0.34	0.33	0.31	0.30	0.30	0.31	0.30	0.32	0.31	0.29	0.31	0.37	0.48	0.49	0.47	0.475
Debt/Equity	2.47	2.35	2.47	2.49	2.54	2.59	2.77	2.75	2.75	2.93	2.99	3.00	2.96	2.83	3.53	3.38	3.38	3.37	3.55	3.84	3.839
Net Debt/Equity	-0.57	-0.34	-0.22	-0.10	-0.10	-0.30	0.09	0.25	0.45	0.47	0.44	0.63	0.40	0.44	1.04	0.74	0.22	0.19	-1.05	-0.86	-0.863
Debt/Assets	0.21	0.21	0.20	0.21	0.21	0.22	0.24	0.24	0.24	0.25	0.25	0.26	0.25	0.25	0.29	0.27	0.27	0.27	0.27	0.28	0.281
Debt/EBITDA	15.27	15.07	18.48	19.71	21.24	22.59	23.98	25.88	25.38	34.47	38.96	38.86	39.65	27.65	33.73	31.21	29.88	29.58	28.45	27.88	27.876
Net Debt/EBITDA	-3.49	-2.15	-1.61	-0.78	-0.86	-2.58	0.77	2.36	4.17	5.51	5.75	8.19	5.37	4.33	9.95	6.84	1.98	1.67	-8.45	-6.26	-6.265
Interest Coverage	3.34	3.89	3.06	2.34	1.36	0.73	0.50	0.33	0.27	0.16	0.13	0.13	0.12	0.19	0.21	0.22	0.24	0.24	0.26	0.30	0.298
Equity Multiplier	11.76	11.35	12.11	11.96	11.99	12.01	11.79	11.61	11.31	11.74	11.77	11.55	11.63	11.28	12.11	12.30	12.40	12.52	13.17	13.65	13.653
Cash Ratio	snapshot only																				0.438
Debt Service Coverage	snapshot only																				0.352
Cash to Debt	snapshot only																				1.225
FCF to Debt	snapshot only																				-0.030
Defensive Interval	snapshot only																				6954.6 days

Efficiency & Turnover

Metric	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	0.03	0.03	0.03	0.04	0.04	0.04	0.05	0.05	0.06	0.06	0.07	0.07	0.07	0.07	0.07	0.07	0.07	0.07	0.06	0.06	0.063
Inventory Turnover	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Receivables Turnover	1.44	1.60	1.05	1.16	1.27	1.85	1.59	1.84	2.00	2.90	2.81	2.69	2.64	3.26	2.83	2.61	2.41	2.97	2.30	2.37	2.368
Payables Turnover	0.09	0.06	0.08	0.13	0.23	0.47	0.55	0.74	0.93	1.32	1.26	1.38	1.30	1.53	1.28	1.16	1.10	1.32	0.99	0.90	0.899
DSO	254	228	346	313	288	197	229	198	183	126	130	136	138	112	129	140	151	123	159	154	154.2 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	3844	6427	4441	2775	1575	773	669	492	393	277	289	264	280	238	285	314	332	277	370	406	406.1 days
Cash Conversion Cycle	-3590	-6198	-4095	-2461	-1288	-576	-440	-294	-210	-151	-159	-128	-142	-126	-156	-175	-180	-153	-211	-252	-251.9 days
Fixed Asset Turnover	snapshot only																				5.146
Cash Velocity	snapshot only																				0.175
Capital Intensity	snapshot only																				16.595

Growth (YoY)

Metric	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	-15.8%	-11.1%	-6.2%	2.2%	10.4%	26.8%	46.1%	58.1%	65.2%	56.2%	42.2%	29.3%	17.3%	8.8%	2.5%	-0.4%	-1.6%	-1.4%	2.0%	3.9%	3.91%
Net Income	94.2%	1.0%	13.6%	-21.6%	-31.9%	-32.4%	-17.3%	-18.9%	-12.4%	-37.8%	-47.2%	-38.6%	-41.2%	37.4%	67.3%	70.9%	83.9%	12.5%	19.5%	25.6%	25.56%
EPS	1.0%	1.1%	19.8%	-17.0%	-29.4%	-30.8%	-16.3%	-19.4%	-12.3%	-36.3%	-46.2%	-37.9%	-40.8%	35.9%	68.0%	75.7%	91.6%	16.6%	29.2%	37.0%	36.96%
FCF	19.9%	3.4%	-0.0%	1.6%	-83.6%	-37.2%	-41.4%	-2.3%	-6.0%	-3.2%	-5.2%	63.2%	-20.3%	67.3%	-22.6%	-3.0%	-36.4%	-1.8%	49.7%	73.8%	73.84%
EBITDA	82.7%	83.5%	8.6%	-17.9%	-27.1%	-26.6%	-8.9%	-11.7%	-4.4%	-24.3%	-34.3%	-27.7%	-31.2%	22.2%	40.2%	43.8%	54.5%	13.3%	18.6%	26.4%	26.35%
Op. Income	1.1%	1.1%	10.1%	-20.9%	-31.3%	-31.5%	-12.0%	-15.5%	-7.1%	-31.4%	-42.9%	-35.2%	-38.7%	32.0%	59.3%	63.4%	77.9%	16.3%	22.0%	31.0%	31.01%
OCF Growth	snapshot only																				79.01%
Asset Growth	snapshot only																				10.37%
Equity Growth	snapshot only																				-0.57%
Debt Growth	snapshot only																				12.84%
Shares Change	snapshot only																				-8.32%
Dividend Growth	snapshot only																				11.71%

Growth (CAGR)

Metric	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	-5.6%	-6.6%	-7.3%	-6.6%	-4.9%	-1.0%	3.5%	8.9%	15.4%	20.7%	24.9%	27.8%	28.9%	29.2%	28.7%	26.7%	24.0%	18.8%	14.1%	10.2%	10.21%
Revenue 5Y	-0.9%	-0.8%	-1.2%	-0.7%	0.2%	2.5%	4.9%	7.0%	9.0%	10.1%	10.6%	10.7%	10.8%	10.5%	10.0%	10.7%	12.1%	13.6%	15.3%	16.7%	16.68%
EPS 3Y	—	13.5%	6.0%	1.9%	-1.8%	-5.4%	-1.8%	2.0%	7.5%	-1.9%	-18.6%	-25.4%	-28.4%	-15.7%	-8.9%	-4.2%	-0.2%	0.3%	5.3%	14.3%	14.32%
EPS 5Y	17.1%	15.7%	10.4%	8.7%	6.3%	—	—	—	—	-8.4%	-11.7%	-12.0%	-13.2%	-6.0%	-3.1%	3.0%	7.1%	8.4%	3.2%	0.0%	0.00%
Net Income 3Y	—	6.8%	0.3%	-3.3%	-6.1%	-8.5%	-4.2%	0.1%	5.0%	-4.9%	-20.9%	-26.9%	-29.5%	-16.7%	-9.9%	-5.3%	-1.8%	-1.3%	1.8%	9.6%	9.62%
Net Income 5Y	9.2%	8.0%	3.4%	1.6%	-0.2%	—	—	—	—	-12.6%	-15.1%	-14.8%	-15.7%	-8.2%	-4.9%	1.0%	4.6%	5.9%	-0.2%	-3.5%	-3.49%
EBITDA 3Y	6.5%	4.9%	-0.8%	-2.8%	-4.6%	-6.0%	-1.1%	3.8%	8.4%	0.7%	-13.4%	-19.4%	-21.7%	-12.1%	-5.7%	-2.8%	0.5%	1.6%	3.0%	9.5%	9.54%
EBITDA 5Y	5.6%	4.5%	0.2%	-0.7%	-2.2%	-2.7%	-1.9%	-3.7%	-3.4%	-8.5%	-10.2%	-10.1%	-10.6%	-5.1%	-2.3%	3.1%	6.2%	7.2%	1.6%	-1.0%	-0.96%
Gross Profit 3Y	4.4%	5.1%	3.8%	3.6%	3.0%	1.8%	3.1%	5.7%	7.3%	6.8%	2.5%	-1.0%	-2.4%	-2.2%	-0.7%	0.1%	1.5%	2.5%	3.9%	5.8%	5.76%
Gross Profit 5Y	3.1%	3.8%	2.5%	2.2%	1.8%	1.4%	1.3%	1.0%	1.4%	1.2%	1.4%	1.4%	1.3%	1.5%	2.3%	4.4%	5.5%	5.7%	3.8%	2.5%	2.54%
Op. Income 3Y	7.1%	5.4%	-1.4%	-3.7%	-5.9%	-7.7%	-2.1%	3.7%	9.4%	-0.7%	-17.9%	-24.3%	-26.9%	-14.7%	-7.2%	-3.6%	0.4%	1.8%	3.5%	11.6%	11.56%
Op. Income 5Y	6.1%	5.0%	-0.0%	-1.2%	-3.0%	-3.7%	-2.9%	-5.1%	-4.8%	-11.2%	-13.6%	-13.3%	-13.9%	-6.5%	-3.1%	3.4%	7.4%	8.5%	1.5%	-1.5%	-1.47%
FCF 3Y	38.8%	19.9%	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
FCF 5Y	18.9%	2.2%	-12.9%	41.8%	-13.3%	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
OCF 3Y	34.9%	18.3%	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
OCF 5Y	17.9%	2.6%	-10.9%	35.8%	-8.3%	—	74.1%	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Assets 3Y	7.1%	6.1%	6.9%	6.2%	5.7%	7.4%	3.4%	2.8%	2.0%	2.2%	1.7%	1.1%	1.0%	0.9%	2.4%	3.3%	3.5%	3.2%	4.2%	6.1%	6.10%
Assets 5Y	5.4%	5.0%	5.6%	5.0%	4.7%	5.6%	5.0%	4.9%	4.2%	4.7%	4.4%	3.9%	3.8%	3.8%	3.0%	3.3%	3.4%	3.3%	3.7%	4.5%	4.45%
Equity 3Y	0.7%	1.0%	0.2%	0.3%	0.4%	1.4%	2.7%	2.9%	2.6%	1.0%	0.7%	1.0%	1.3%	1.1%	2.4%	2.3%	2.4%	1.8%	0.4%	0.5%	0.52%
Book Value 3Y	7.7%	7.3%	5.9%	5.6%	5.0%	4.9%	5.2%	4.9%	5.1%	4.2%	3.5%	3.2%	2.8%	2.3%	3.6%	3.5%	4.0%	3.5%	3.9%	4.8%	4.83%
Dividend 3Y	6.1%	5.2%	4.2%	3.4%	2.8%	2.2%	1.5%	1.8%	3.1%	4.6%	4.5%	3.3%	1.9%	1.1%	1.1%	1.8%	2.5%	2.8%	4.5%	5.1%	5.12%

Growth Quality

Metric	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	0.00	0.01	0.05	0.08	0.07	0.00	0.06	0.15	0.26	0.35	0.42	0.47	0.52	0.58	0.62	0.70	0.77	0.84	0.90	0.90	0.895
Earnings Stability	0.08	0.21	0.20	0.21	0.17	0.32	0.35	0.30	0.28	0.25	0.57	0.42	0.32	0.23	0.46	0.23	0.12	0.04	0.12	0.13	0.132
Margin Stability	0.82	0.81	0.84	0.82	0.82	0.82	0.82	0.77	0.75	0.73	0.72	0.69	0.66	0.65	0.66	0.67	0.70	0.76	0.72	0.64	0.638
Rev. Growth Consistency	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	1.00	0.00	0.00	0.00	1.00	0.50	0.500
Earn. Growth Consistency	0.50	0.50	0.50	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.50	0.50	0.50	0.50	1.00	1.00	1.00	1.000
FCF Positive Streak	0	0	1	1	1	1	1	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Earnings Persistence	0.50	0.50	0.95	0.91	0.87	0.87	0.93	0.92	0.95	0.85	0.81	0.85	0.84	0.85	0.50	0.50	0.50	0.95	0.92	0.90	0.898
Earnings Smoothness	0.36	0.31	0.87	0.76	0.62	0.61	0.81	0.79	0.87	0.53	0.38	0.52	0.48	0.68	0.50	0.48	0.41	0.88	0.82	0.77	0.773
ROE Trend	0.04	0.03	0.01	-0.00	-0.01	-0.01	-0.01	-0.03	-0.03	-0.05	-0.04	-0.03	-0.03	0.00	0.01	0.01	0.02	0.01	0.02	0.03	0.031
Gross Margin Trend	0.32	0.32	0.23	0.14	0.04	-0.11	-0.24	-0.35	-0.39	-0.38	-0.34	-0.29	-0.24	-0.15	-0.09	-0.04	-0.00	0.02	0.03	0.04	0.045
FCF Margin Trend	0.89	0.94	0.19	0.45	-0.23	0.13	-0.17	-0.89	-0.73	-1.05	-0.58	-0.18	-0.22	-0.08	-0.32	-0.24	-0.13	-0.11	0.19	0.21	0.208
Sustainable Growth Rate	8.9%	8.3%	6.6%	5.8%	5.3%	4.9%	5.0%	4.2%	4.1%	2.0%	1.3%	1.5%	1.3%	3.6%	3.9%	4.2%	4.4%	4.2%	5.0%	5.8%	5.82%
Internal Growth Rate	0.8%	0.7%	0.6%	0.5%	0.4%	0.4%	0.4%	0.4%	0.4%	0.2%	0.1%	0.1%	0.1%	0.3%	0.3%	0.4%	0.4%	0.4%	0.4%	0.5%	0.45%

Cash Flow Quality

Metric	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	2.67	2.79	1.57	3.12	0.92	2.80	1.34	-4.24	-2.91	-7.96	-6.73	-2.01	-6.15	-1.55	-5.05	-6.15	-4.72	-4.74	-1.93	-1.03	-1.028
FCF/OCF	0.93	0.93	0.84	0.91	0.65	0.86	0.70	1.11	1.17	1.09	1.12	1.40	1.13	1.33	1.09	1.07	1.09	1.10	1.21	1.34	1.340
FCF/Net Income	snapshot only																				-1.377
OCF/EBITDA	snapshot only																				-0.627
CapEx/Revenue	5.0%	5.2%	5.7%	5.8%	5.6%	5.6%	5.2%	4.8%	4.7%	4.2%	4.0%	4.0%	3.8%	3.8%	3.8%	3.9%	3.9%	3.9%	3.7%	3.6%	3.56%
CapEx/Depreciation	snapshot only																				1.385
Accruals Ratio	-0.02	-0.02	-0.00	-0.01	0.00	-0.01	-0.00	0.03	0.02	0.03	0.03	0.01	0.02	0.01	0.03	0.04	0.03	0.03	0.02	0.01	0.013
Sloan Accruals	snapshot only																				0.068
Cash Flow Adequacy	snapshot only																				-1.571
Earnings Quality Score	snapshot only																				0.250

Dividends & Buybacks

Metric	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	11.1%	11.0%	11.1%	11.4%	10.9%	10.7%	10.5%	10.6%	10.6%	11.3%	10.9%	10.5%	10.1%	9.8%	9.8%	10.0%	9.7%	9.6%	10.4%	10.9%	1.92%
Dividend/Share	$2.61	$2.60	$2.58	$2.58	$2.57	$2.56	$2.54	$2.56	$2.63	$2.73	$2.72	$2.68	$2.68	$2.69	$2.73	$2.80	$2.86	$2.88	$3.04	$3.13	$2.47
Payout Ratio	23.2%	23.7%	28.0%	30.3%	32.4%	33.7%	32.9%	37.3%	37.7%	56.5%	65.5%	62.8%	65.1%	41.0%	39.1%	37.4%	36.3%	37.7%	33.8%	30.5%	30.53%
FCF Payout Ratio	9.3%	9.1%	21.1%	10.7%	53.7%	14.0%	35.0%	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Total Payout Ratio	72.6%	75.5%	89.4%	68.8%	54.3%	55.6%	35.7%	45.1%	53.8%	1.2%	1.5%	1.5%	2.0%	1.0%	1.1%	1.3%	1.3%	1.7%	1.7%	1.5%	1.50%
Div. Increase Streak	0	0	0	0	0	0	0	0	0	0	0	0	1	0	0	1	1	0	0	1	1
Chowder Number	0.09	0.08	0.07	0.06	0.06	0.07	0.08	0.10	0.13	0.15	0.16	0.14	0.12	0.10	0.10	0.12	0.12	0.13	0.14	0.13	0.133
Buyback Yield	23.6%	24.1%	24.4%	14.5%	7.4%	6.9%	0.9%	2.2%	4.5%	13.3%	14.8%	15.1%	20.4%	14.2%	18.3%	23.4%	24.1%	32.4%	40.6%	42.7%	42.69%
Net Buyback Yield	15.6%	19.2%	24.4%	14.5%	7.4%	6.9%	0.9%	2.2%	1.4%	10.0%	10.5%	7.4%	13.0%	7.1%	8.6%	16.8%	20.4%	24.5%	35.8%	37.7%	37.68%
Total Shareholder Return	26.8%	30.3%	35.5%	25.8%	18.3%	17.6%	11.4%	12.9%	12.0%	21.4%	21.4%	18.0%	23.1%	16.9%	18.3%	26.8%	30.2%	34.0%	46.1%	48.6%	48.58%

DuPont Factors

Metric	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)	0.80	0.80	0.82	0.79	0.79	0.79	0.77	0.76	0.75	0.71	0.71	0.72	0.72	0.74	0.75	0.75	0.74	0.72	0.73	0.72	0.720
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	1.00	1.00	1.000
EBIT Margin	0.36	0.35	0.28	0.26	0.22	0.19	0.17	0.14	0.12	0.08	0.07	0.07	0.07	0.10	0.11	0.11	0.12	0.12	0.13	0.14	0.142
Asset Turnover	0.03	0.03	0.03	0.04	0.04	0.04	0.05	0.05	0.06	0.06	0.07	0.07	0.07	0.07	0.07	0.07	0.07	0.07	0.06	0.06	0.063
Equity Multiplier	11.64	11.34	11.76	11.74	11.87	11.68	11.94	11.78	11.64	11.87	11.78	11.58	11.47	11.51	11.94	11.93	12.02	11.90	12.63	12.97	12.975

Per Share

Metric	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)	$11.23	$10.97	$9.21	$8.51	$7.93	$7.59	$7.71	$6.86	$6.96	$4.83	$4.15	$4.26	$4.12	$6.57	$6.97	$7.49	$7.89	$7.66	$9.00	$10.26	$10.26
Book Value/Share	$99.14	$100.91	$99.44	$101.64	$101.56	$102.86	$106.05	$106.02	$107.34	$107.58	$107.17	$107.06	$107.76	$108.03	$110.65	$112.63	$114.37	$113.98	$118.78	$122.16	$126.08
Tangible Book/Share	$86.24	$88.02	$87.18	$89.32	$89.38	$90.53	$93.57	$93.54	$94.86	$94.74	$94.52	$94.76	$95.49	$95.70	$98.23	$99.80	$101.78	$101.42	$105.66	$108.32	$108.32
Revenue/Share	$39.45	$39.56	$39.71	$42.11	$45.15	$51.32	$58.74	$66.20	$74.72	$82.10	$85.10	$86.60	$88.19	$88.36	$87.60	$88.67	$90.38	$90.36	$96.56	$100.50	$102.44
FCF/Share	$28.06	$28.54	$12.22	$24.06	$4.78	$18.34	$7.24	$-32.30	$-23.72	$-41.89	$-31.29	$-12.01	$-28.71	$-13.55	$-38.53	$-49.49	$-40.79	$-39.81	$-20.95	$-14.12	$-14.41
OCF/Share	$30.02	$30.60	$14.49	$26.52	$7.32	$21.22	$10.31	$-29.10	$-20.24	$-38.44	$-27.89	$-8.56	$-25.32	$-10.19	$-35.19	$-46.04	$-37.25	$-36.31	$-17.34	$-10.54	$-10.76
Cash/Share	$301.40	$270.45	$267.18	$263.24	$268.14	$296.93	$284.64	$265.41	$246.48	$264.96	$272.75	$253.19	$275.71	$257.91	$274.94	$297.50	$361.09	$362.63	$547.15	$574.30	$586.01
EBITDA/Share	$16.06	$15.70	$13.30	$12.85	$12.13	$11.79	$12.26	$11.28	$11.62	$9.15	$8.21	$8.26	$8.04	$11.06	$11.57	$12.21	$12.94	$12.99	$14.83	$16.82	$16.82
Debt/Share	$245.36	$236.63	$245.75	$253.28	$257.72	$266.45	$294.05	$292.07	$294.97	$315.33	$319.96	$320.82	$318.92	$305.83	$390.07	$380.98	$386.69	$384.30	$421.85	$468.92	$468.92
Net Debt/Share	$-56.04	$-33.82	$-21.43	$-9.96	$-10.42	$-30.48	$9.41	$26.66	$48.49	$50.37	$47.21	$67.63	$43.21	$47.92	$115.13	$83.48	$25.59	$21.67	$-125.30	$-105.38	$-105.38

Academic Models

Metric	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-B Score	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	3.285
Altman Z-Prime	snapshot only																				-2.381
Piotroski F-Score	7	7	6	6	4	6	5	2	3	3	3	3	4	5	4	5	5	5	6	5	5
Beneish M-Score	-2.50	-2.47	-1.97	-2.14	-1.93	-1.79	-2.01	-1.83	-1.95	-1.96	-2.13	-2.28	-2.34	-2.54	-2.41	-2.34	-2.26	-2.29	-2.00	-2.25	-2.253
Ohlson O-Score	snapshot only																				-6.726
Net-Net WC	snapshot only																				$-921.95
EVA	snapshot only																				$15365100000.00

Credit

Metric	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																				BB+
Credit Score	58.60	59.79	42.17	46.23	42.09	43.67	40.84	39.69	39.50	37.37	35.79	37.34	36.21	43.41	42.01	41.12	40.28	40.03	44.94	47.06	47.060
Credit Grade	snapshot only																				11
Credit Trend	snapshot only																				5.935
Implied Spread (bps)	snapshot only																				400.000
Industry Credit Rank	snapshot only																				43
Sector Credit Rank	snapshot only																				28

Date	From	To
2026-10-01	C-	C
2026-07-01	C	C-
2026-05-11	C-	C
2026-05-08	B	C-
2026-04-22	B+	B
2026-04-06	C	B+
2026-04-01	C-	C
2026-02-23	C	C-
2026-02-23	A-	C
2026-02-21	B-	A-

C-PN NYSE

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Financial Rating

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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

C-PN NYSE

Edge Score

Analyst Insights

Financial Rating

InsiderStreet Scorecard

Risk & Quality Signals

Valuation

DuPont Decomposition (5-Factor)

Graham-Dodd Adjusted Valuation

Profitability Trends

Leverage & Solvency Trends

Efficiency & Working Capital Trends

Growth Trends (YoY %)

Earnings Stability

Monte Carlo Price Simulation

Executive Compensation

C-Suite Compensation

CEO Pay Ratio

C-Suite Pay Equality (Gini)

CEO Compensation Mix

Workforce & Productivity

Scaling Efficiency

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