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Not Investment Advice
Also trades as: CCNEP (NASDAQ) · $vol 0M

CCNE NASDAQ

CNB Financial Corporation
1W: +3.0% 1M: +5.2% 3M: +0.7% YTD: +40.8% 1Y: +47.5% 3Y: +122.1% 5Y: +70.6%
$35.60
+0.05 (+0.14%)
 
Weekly Expected Move ±2.3%
$34 $35 $35 $36 $37
NASDAQ · Financial Services · Banks - Regional · Tech Score Strong Buy · Power 71 · $1.1B mcap · 28M float · 0.548% daily turnover · Short 67% of daily vol
Credit Risk of going bust: not rated, financial company (lending is its business) Bonds: none of note held by US funds details ▾
Not rated: lending and leverage are a financial company's business, which the model misreads.
US fund filings (SEC N-PORT) show under $25M of this company's bonds, so there is no bond page. Its debt may be bank loans or privately placed. How these are computed.

Edge Score

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

WEAK EDGE
54.4 / 100
NoneWeakNarrowWide
Primary source: Cost Advantage  ·  ROIC: 8.0%  ·  5Y Avg: 9.1%
Cost Advantage ★
72
Intangibles
55
Switching Cost
43
Network Effect
58
Scale
45
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. CCNE shows a Weak competitive edge (54.4/100) — limited structural advantages that may face competitive pressure. The primary source of advantage is Cost Advantage. ROIC of 8.0% 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
$40
Low
$40
Avg Target
$40
High
Based on 1 analyst since Oct 21, 2026 earnings
Analyst Recommendations
Strong Buy: 0Buy: 2Hold: 2Sell: 0Strong Sell: 0
Rating Summary
ConsensusBuy
Avg Target$39.00
Analysts3
Price Target Change History
DateFirmAnalystOldNewChangeUpside @ CallStock@Call
2026-10-27 Raymond James Tim DeLacey $39 $40 +1 +12.5% $35.55
2026-09-24 Piper Sandler Adam Kroll Initiated $38 — +13.7% $33.43
2026-08-26 Raymond James Tim DeLacey Initiated $39 — +15.1% $33.88
2026-07-27 D.A. Davidson — $34 $36 +2 +3.8% $34.69
2026-05-15 D.A. Davidson Jake Civiello Initiated $34 — +11.9% $30.39
2026-02-11 Stephens — Initiated $35 — +21.8% $28.73

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.

A
Oct 27, 2026
DCF
3
ROE
4
ROA
4
D/E
4
P/E
4
P/B
3
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. CCNE receives an overall rating of A. Strongest factors: ROE (4/5), ROA (4/5), D/E (4/5), P/E (4/5).
Rating Change History
DateFromTo
2026-10-22 B+ A
2026-10-14 A- B+
2026-10-01 B+ A-
2026-05-06 A- B+
2026-05-04 B+ A-
2026-04-01 B B+
2026-03-02 B+ B
2026-02-12 B B+
2026-02-10 B+ B
2026-01-16 A- 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.

★ ★ ★ ★ ★ 60 Grade A
Profitability
66
Balance Sheet
40
Earnings Quality
84
Growth
77
Value
85
Momentum
90
Safety
50
Cash Flow
65
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. CCNE scores highest in Momentum (90/100) and lowest in Balance Sheet (40/100). An overall grade of A places CCNE among the highest-quality companies in its peer group.

Risk & Quality Signals

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

Altman-B Score
2.09
Grey Zone
Piotroski F-Score
6/9
✓ ✓ ✓ ✗ ✗ ✓ ✗ ✓ ✓
Beneish M-Score
-1.91
Unlikely Manipulator
Ohlson O-Score
-5.32
Bankruptcy prob: 0.5%
Low Risk
Credit Rating
A
Score: 73.6/100
Trend: Stable
Earnings Quality
75/100
OCF/NI: 0.93x
Accruals: 0.1%
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. CCNE scores 2.09, 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. CCNE 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. CCNE's score of -1.91 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. CCNE's implied 0.5% 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. CCNE receives an estimated rating of A (score: 73.6/100), 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). CCNE's score of 75/100 is high — cash flows strongly support reported earnings.

Valuation

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

P/E
9.32x
PEG
0.10x
P/S
2.21x
P/B
1.15x
P/FCF
11.53x
P/OCF
11.08x
EV/EBITDA
9.77x
EV/Revenue
2.52x
EV/EBIT
10.83x
EV/FCF
13.79x
Earnings Yield
9.71%
FCF Yield
8.67%
Shareholder Yield
2.70%
Graham Number
$47.53
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 9.3x earnings, CCNE trades at a deep value multiple. An earnings yield of 9.7% exceeds typical risk-free rates, suggesting equities are being compensated for risk. Graham's intrinsic value formula yields $47.53 per share, suggesting a potential 34% 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
0.806
NI / EBT
×
Interest Burden
1.092
EBT / EBIT
×
EBIT Margin
0.233
EBIT / Rev
×
Asset Turnover
0.064
Rev / Assets
×
Equity Multiplier
9.537
Assets / Equity
=
ROE
12.4%
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. CCNE's ROE of 12.4% is driven by financial leverage (equity multiplier: 9.54x). 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
2.80%
Fair P/E
14.09x
Intrinsic Value
$45.89
Price/Value
0.73x
Margin of Safety
26.96%
Premium
-26.96%
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 CCNE's realized 2.8% 3-year EPS CAGR, capped at 15% — demonstrated performance rather than forecasts, held to a rate companies have historically sustained. CCNE trades at a -27% premium to its adjusted intrinsic value of $45.89, suggesting the market is pricing in future growth beyond what historical earnings support. The adjusted fair P/E of 14.1x compares to the current market P/E of 9.3x.

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
$35.60
Median 1Y
$35.62
5th Pctile
$19.48
95th Pctile
$65.19
Ann. Volatility
37.5%
Analyst Target
$39.00
25th–75th percentile 5th–95th percentile Median path Historical Analyst target

Executive Compensation

C-suite compensation breakdown including salary, stock awards, options, and incentive pay. The CEO-to-employee pay ratio and Gini coefficient measure pay distribution fairness.

C-Suite Compensation

ExecutiveSalaryStockTotal
Michael D. Peduzzi
President and Chief Executive Officer of CNB; Chief Executive Officer of CNB Bank
$653,993 $270,672 $1,500,484
Martin T. Griffith
Senior Executive Vice President and Chief Revenue Officer of CNB Bank
$382,044 $112,780 $968,421
Tito L. Lima
Chief Financial Officer and Treasurer of CNB; Senior Executive Vice President and Chief Financial Officer of CNB Bank
$359,008 $112,780 $927,573
Michael J. Noah
Executive Vice President, Chief Operating Officer of CNB Bank
$350,012 $90,224 $617,885
Angela D. Wilcoxson
Executive Vice President, Chief Commercial Banking Officer of CNB Bank
$347,048 $90,224 $583,330

CEO Pay Ratio

188:1
CEO-to-Employee Pay Ratio
CEO Total Comp: $1,500,484
Avg Employee Cost (SGA/emp): $7,968
Employees: 917

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
917
+19.2% YoY
Revenue / Employee
$441,507
Rev: $404,862,000
Profit / Employee
$72,117
NI: $66,131,000
SGA / Employee
$7,968
Avg labor cost proxy

Scaling Efficiency

All Ratios & Metrics

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

Profitability
Metric Trend Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q4'22 Q1'23 Q2'23 Q3'23 Q4'23 Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Q2'26 Current
ROE 11.9% 13.4% 13.9% 14.1% 13.0% 13.0% 13.3% 12.9% 11.2% 10.5% 9.6% 9.4% 9.3% 9.2% 8.9% 8.9% 6.6% 8.9% 10.8% 12.4% 12.42%
ROA 1.0% 1.1% 1.2% 1.2% 1.2% 1.2% 1.2% 1.1% 1.1% 1.0% 1.0% 0.9% 0.9% 0.9% 0.9% 0.9% 0.7% 0.9% 1.1% 1.3% 1.30%
ROIC -5.9% -6.7% -15.2% -45.0% 99.9% 13.9% 27.8% 29.3% 34.4% 38.7% 75.8% 1.4% 4.7% -60.4% -27.1% -32.8% 13.2% 12.2% 6.5% 8.0% 7.98%
ROCE 10.3% 12.5% 12.9% 13.3% 11.7% 14.6% 11.6% 11.3% 10.8% 9.5% 8.8% 8.5% 8.3% 8.2% 7.9% 7.9% 5.1% 1.0% 1.1% 1.3% 1.32%
Gross Margin 88.2% 90.6% 90.4% 88.8% 89.6% 79.2% 72.3% 65.2% 64.3% 62.6% 60.3% 57.7% 59.0% 59.5% 60.4% 59.5% 49.1% 77.1% 65.4% 67.6% 67.64%
Operating Margin 34.6% 32.6% 34.1% 33.4% 33.3% 28.3% 27.9% 21.7% 20.8% 19.6% 18.0% 18.1% 18.6% 20.1% 16.0% 18.4% 7.7% 37.2% 20.7% 27.7% 27.69%
Net Margin 28.1% 27.0% 27.8% 27.3% 26.8% 22.6% 22.5% 17.5% 16.7% 16.0% 14.7% 14.6% 15.0% 16.3% 12.8% 14.9% 6.0% 29.9% 24.1% 22.3% 22.29%
EBITDA Margin 37.8% 34.8% 37.3% 36.5% 36.2% 30.2% 30.5% 24.1% 23.2% 21.8% 20.2% 20.3% 20.7% 22.7% 18.3% 20.4% 10.4% 40.5% 21.5% 30.7% 30.74%
FCF Margin 19.5% 25.1% 21.1% 23.7% 21.6% 21.2% 19.5% 15.1% 13.8% 11.2% 13.4% 11.9% 14.7% 15.3% 15.1% 18.7% 13.1% 14.2% 15.5% 18.3% 18.26%
OCF Margin 23.0% 28.2% 24.3% 27.3% 25.7% 26.3% 24.8% 20.6% 18.1% 14.6% 16.3% 15.6% 18.9% 19.9% 19.4% 21.8% 15.5% 15.7% 16.6% 19.0% 19.01%
ROE 3Y Avg snapshot only 9.39%
ROE 5Y Avg snapshot only 10.77%
ROA 3Y Avg snapshot only 0.97%
ROIC 3Y Avg snapshot only 6.89%
ROIC Economic snapshot only 7.45%
Cash ROA snapshot only 1.06%
Cash ROIC snapshot only 8.09%
CROIC snapshot only 7.77%
NOPAT Margin snapshot only 18.74%
Pretax Margin snapshot only 25.39%
R&D / Revenue snapshot only 0.00%
SGA / Revenue snapshot only 3.05%
SBC / Revenue snapshot only 0.72%
Valuation
Metric Trend Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q4'22 Q1'23 Q2'23 Q3'23 Q4'23 Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Q2'26 Current
P/E Ratio 6.93 6.71 6.59 5.94 7.12 7.08 5.64 5.34 5.79 7.52 7.34 7.53 8.92 9.09 8.37 8.51 11.45 11.43 10.31 10.29 9.319
P/S Ratio 1.69 1.85 1.82 1.63 1.94 1.84 1.39 1.18 1.14 1.35 1.19 1.17 1.34 1.38 1.23 1.26 1.38 1.83 1.93 2.11 2.206
P/B Ratio 0.81 0.87 0.91 0.84 0.85 0.84 0.67 0.61 0.63 0.76 0.69 0.68 0.79 0.81 0.72 0.73 0.65 0.87 0.95 1.09 1.146
P/FCF 8.66 7.39 8.66 6.91 8.97 8.64 7.10 7.80 8.26 12.10 8.87 9.76 9.14 8.98 8.12 6.73 10.57 12.88 12.46 11.53 11.533
P/OCF 7.35 6.57 7.50 5.98 7.53 6.98 5.58 5.73 6.30 9.27 7.26 7.49 7.12 6.93 6.33 5.76 8.91 11.63 11.61 11.08 11.077
EV/EBITDA -13.53 -11.90 -5.44 -2.49 -0.16 4.40 0.57 0.00 -0.34 0.18 -1.48 -2.01 -1.60 -2.71 -5.01 -4.49 0.87 4.54 10.82 9.77 9.767
EV/Revenue -4.51 -4.38 -2.01 -0.91 -0.06 1.53 0.19 0.00 -0.09 0.05 -0.33 -0.43 -0.33 -0.57 -1.03 -0.92 0.15 1.03 2.51 2.52 2.519
EV/EBIT -14.98 -12.95 -5.91 -2.71 -0.18 4.77 0.61 0.00 -0.38 0.20 -1.65 -2.25 -1.79 -3.05 -5.65 -5.04 1.01 5.15 11.99 10.83 10.830
EV/FCF -23.09 -17.48 -9.54 -3.86 -0.27 7.20 0.96 0.01 -0.67 0.41 -2.46 -3.59 -2.26 -3.72 -6.79 -4.94 1.17 7.24 16.19 13.79 13.793
Earnings Yield 14.4% 14.9% 15.2% 16.8% 14.1% 14.1% 17.7% 18.7% 17.3% 13.3% 13.6% 13.3% 11.2% 11.0% 12.0% 11.8% 8.7% 8.8% 9.7% 9.7% 9.71%
FCF Yield 11.6% 13.5% 11.5% 14.5% 11.1% 11.6% 14.1% 12.8% 12.1% 8.3% 11.3% 10.2% 10.9% 11.1% 12.3% 14.9% 9.5% 7.8% 8.0% 8.7% 8.67%
PEG Ratio snapshot only 0.102
Price/Tangible Book snapshot only 1.251
EV/OCF snapshot only 13.247
EV/Gross Profit snapshot only 3.891
Acquirers Multiple snapshot only 10.830
Shareholder Yield snapshot only 2.70%
Graham Number snapshot only $47.53
Leverage & Solvency
Metric Trend Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q4'22 Q1'23 Q2'23 Q3'23 Q4'23 Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Q2'26 Current
Current Ratio 0.33 0.31 0.21 0.16 0.14 0.11 0.13 0.11 0.12 0.11 0.13 0.14 0.14 0.16 0.18 0.17 0.12 43.23 0.67 0.72 0.720
Quick Ratio 0.33 0.31 0.21 0.16 0.14 0.11 0.13 0.11 0.12 0.11 0.13 0.14 0.14 0.16 0.18 0.17 0.12 43.23 0.67 0.72 0.720
Debt/Equity 0.40 0.28 0.31 0.31 0.26 0.76 0.44 0.26 0.26 0.25 0.25 0.24 0.24 0.24 0.23 0.23 0.39 0.38 0.37 0.31 0.308
Net Debt/Equity -2.96 -2.94 -1.91 -1.32 -0.88 -0.14 -0.58 -0.61 -0.68 -0.74 -0.88 -0.94 -0.98 -1.15 -1.32 -1.26 -0.57 -0.38 0.28 0.21 0.213
Debt/Assets 0.03 0.02 0.02 0.02 0.03 0.07 0.04 0.03 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.04 0.04 0.04 0.03 0.033
Debt/EBITDA 2.52 1.63 1.68 1.64 1.62 4.75 2.80 1.68 1.75 1.79 1.91 1.93 1.97 1.92 1.95 1.92 4.81 3.55 3.27 2.32 2.316
Net Debt/EBITDA -18.61 -16.93 -10.38 -6.96 -5.51 -0.88 -3.63 -3.94 -4.59 -5.30 -6.80 -7.46 -8.08 -9.27 -11.00 -10.60 -7.04 -3.55 2.49 1.60 1.600
Interest Coverage 2.85 3.57 3.94 4.47 4.54 3.25 2.03 1.28 0.89 0.69 0.57 0.52 0.49 0.49 0.48 0.49 0.41 0.55 0.59 0.68 0.679
Equity Multiplier 11.99 12.03 12.41 12.51 10.30 10.32 10.22 10.30 10.44 10.07 10.03 10.03 9.92 10.14 10.08 9.91 9.78 9.63 9.58 9.27 9.272
Cash Ratio snapshot only 0.521
Debt Service Coverage snapshot only 0.753
Cash to Debt snapshot only 0.309
FCF to Debt snapshot only 0.306
Defensive Interval snapshot only 224.5 days
Efficiency & Turnover
Metric Trend Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q4'22 Q1'23 Q2'23 Q3'23 Q4'23 Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Q2'26 Current
Asset Turnover 0.04 0.04 0.04 0.04 0.04 0.05 0.05 0.05 0.06 0.06 0.06 0.06 0.06 0.06 0.06 0.06 0.06 0.06 0.06 0.06 0.064
Inventory Turnover — — — — — — — — — — — — — — — — — — — — —
Receivables Turnover 5.25 5.36 5.11 4.67 4.42 4.74 4.96 4.75 4.62 10.36 10.79 10.63 10.15 — — — — 0.13 25.53 28.35 28.347
Payables Turnover 0.79 0.60 0.67 0.55 0.56 0.68 1.26 1.71 2.27 4.29 6.19 7.04 7.68 — — — — — — — —
DSO 70 68 71 78 83 77 74 77 79 35 34 34 36 0 0 0 0 2836 14 13 12.9 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 462 611 548 661 657 538 290 214 161 85 59 52 48 0 0 0 0 0 0 0 —
Cash Conversion Cycle -392 -543 -476 -583 -574 -461 -217 -137 -81 -50 -25 -18 -12 0 0 0 0 2836 14 13 —
Fixed Asset Turnover snapshot only 5.340
Cash Velocity snapshot only 5.419
Capital Intensity snapshot only 17.965
Growth (YoY)
Metric Trend Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q4'22 Q1'23 Q2'23 Q3'23 Q4'23 Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Q2'26 Current
Revenue 12.7% 8.9% 6.5% 7.4% 9.2% 16.5% 23.5% 30.0% 33.7% 32.1% 27.7% 21.0% 16.5% 11.8% 8.8% 7.2% 11.0% 14.9% 19.7% 27.2% 27.22%
Net Income 44.7% 76.8% 54.5% 37.4% 21.5% 9.5% 9.6% 4.3% -3.3% -8.2% -16.0% -15.2% -10.7% -5.9% -1.2% 2.2% -11.1% 21.2% 52.8% 76.4% 76.35%
EPS 44.7% 76.6% 54.1% 37.5% -3.1% -12.5% -12.4% -16.3% -2.2% -7.3% -15.2% -15.0% -10.8% -6.0% -1.4% 2.1% -19.4% -13.8% 8.6% 25.1% 25.12%
FCF 20.9% 1.3% 62.1% 55.1% 20.5% -1.3% 14.5% -16.9% -14.6% -30.4% -12.5% -4.5% 24.3% 53.2% 23.0% 67.4% -1.3% 6.2% 22.7% 24.6% 24.57%
EBITDA 41.1% 66.7% 46.4% 31.8% 18.5% 10.1% 10.5% 6.1% -1.0% -6.2% -13.9% -13.5% -9.8% -5.0% 0.2% 3.1% -6.6% 23.5% 35.4% 59.8% 59.76%
Op. Income 45.8% 76.5% 53.4% 36.1% 21.0% 10.5% 10.8% 5.9% -2.0% -8.2% -16.3% -15.9% -11.7% -6.2% -0.9% 2.8% -10.0% 22.4% 37.7% 61.7% 61.69%
OCF Growth snapshot only 10.95%
Asset Growth snapshot only 33.45%
Equity Growth snapshot only 42.71%
Debt Growth snapshot only 93.12%
Shares Change snapshot only 40.94%
Dividend Growth snapshot only -4.47%
Growth (CAGR)
Metric Trend Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q4'22 Q1'23 Q2'23 Q3'23 Q4'23 Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Q2'26 Current
Revenue 3Y 13.3% 11.8% 10.2% 9.7% 9.8% 10.9% 13.1% 16.0% 18.1% 18.8% 18.8% 19.1% 19.4% 19.8% 19.7% 19.0% 20.0% 19.3% 18.5% 18.2% 18.17%
Revenue 5Y 14.3% 13.7% 13.0% 12.9% 13.1% 13.8% 14.9% 15.8% 16.3% 16.5% 16.1% 15.7% 15.6% 15.0% 15.0% 15.1% 16.3% 16.6% 16.9% 18.2% 18.15%
EPS 3Y 17.9% 15.9% 13.8% 13.4% 5.0% 4.6% 5.9% 6.8% 11.1% 12.7% 4.6% -0.7% -5.5% -8.7% -9.9% -10.1% -11.1% -9.1% -3.2% 2.8% 2.80%
EPS 5Y 15.7% 19.3% 19.4% 17.2% 11.9% 13.9% 13.7% 11.8% 9.2% 4.8% 1.8% 0.7% 0.2% -0.1% -0.1% 1.1% -0.3% 3.0% 4.1% 4.6% 4.57%
Net Income 3Y 22.0% 19.8% 17.8% 17.3% 17.3% 16.5% 17.9% 18.5% 19.4% 21.1% 12.5% 6.7% 1.6% -1.8% -3.1% -3.3% -8.4% 1.5% 8.2% 15.2% 15.20%
Net Income 5Y 19.4% 22.9% 21.7% 19.6% 19.5% 21.5% 21.4% 19.2% 16.4% 11.6% 8.5% 7.4% 6.9% 6.4% 6.4% 7.6% 6.2% 15.2% 16.5% 17.0% 16.99%
EBITDA 3Y 17.7% 19.6% 17.3% 16.7% 16.4% 15.8% 17.4% 17.8% 18.3% 19.9% 11.7% 6.5% 1.9% -0.6% -1.6% -1.8% -5.9% 3.3% 5.3% 12.5% 12.49%
EBITDA 5Y 16.5% 19.1% 17.7% 15.5% 15.6% 15.4% 16.3% 15.5% 13.8% 12.1% 9.0% 7.8% 7.1% 6.7% 6.9% 7.8% 6.9% 15.1% 13.6% 14.8% 14.77%
Gross Profit 3Y 16.7% 16.2% 15.6% 15.7% 16.7% 16.6% 17.3% 18.0% 16.3% 13.7% 10.3% 7.7% 6.1% 5.1% 4.6% 3.9% 2.9% 6.4% 8.5% 12.1% 12.11%
Gross Profit 5Y 14.1% 14.6% 14.1% 14.4% 15.1% 15.3% 15.4% 14.9% 13.7% 12.7% 11.6% 10.7% 10.6% 9.8% 10.1% 10.8% 10.5% 12.0% 11.7% 12.5% 12.51%
Op. Income 3Y 18.5% 20.7% 18.4% 17.7% 17.4% 17.2% 18.7% 19.4% 20.0% 21.5% 12.5% 6.6% 1.6% -1.6% -2.8% -2.9% -8.0% 1.8% 4.5% 11.8% 11.81%
Op. Income 5Y 17.4% 20.6% 19.2% 16.9% 17.0% 16.6% 17.6% 16.5% 14.6% 12.3% 9.0% 7.7% 7.0% 6.7% 6.8% 8.0% 6.6% 15.5% 14.2% 15.0% 15.03%
FCF 3Y 4.8% 8.8% 7.5% 10.5% 8.0% 6.8% 1.6% 6.1% 7.6% 16.0% 17.6% 7.2% 8.6% 1.7% 7.2% 9.9% 1.6% 4.3% 9.7% 25.8% 25.80%
FCF 5Y — 25.8% 33.0% 23.7% -3.9% 15.2% 10.6% 4.9% 3.4% -2.4% 4.5% 1.4% 6.0% 5.4% 2.5% 13.8% 8.8% 20.5% 19.7% 20.8% 20.76%
OCF 3Y 7.8% 10.4% 7.9% 10.4% 7.3% 7.5% 4.7% 10.2% 11.4% 17.8% 18.0% 11.3% 11.8% 6.7% 11.0% 10.4% 1.4% 0.5% 3.7% 15.0% 15.03%
OCF 5Y — 17.1% 19.4% 16.7% -2.9% 15.8% 13.4% 9.6% 7.5% 1.4% 5.9% 3.8% 7.2% 6.8% 4.5% 12.9% 8.9% 17.7% 16.9% 18.1% 18.14%
Assets 3Y 18.8% 18.3% 17.1% 15.9% 14.5% 13.3% 13.9% 8.2% 6.6% 6.7% 5.8% 4.6% 4.7% 5.1% 6.0% 6.0% 15.8% 15.3% 15.1% 14.2% 14.19%
Assets 5Y 15.6% 15.7% 15.3% 14.6% 14.1% 14.6% 13.9% 13.5% 12.9% 12.3% 12.0% 11.6% 11.2% 10.5% 10.7% 7.2% 11.8% 12.2% 11.7% 10.4% 10.37%
Equity 3Y 19.8% 19.0% 15.7% 13.9% 20.2% 20.3% 18.9% 18.5% 9.7% 11.1% 11.5% 10.9% 11.5% 11.3% 13.6% 14.6% 17.8% 18.0% 17.6% 18.3% 18.28%
Book Value 3Y 15.9% 15.1% 11.7% 10.1% 7.6% 8.0% 6.8% 6.8% 2.1% 3.4% 3.7% 3.2% 3.7% 3.6% 5.7% 6.5% 14.4% 5.6% 5.2% 5.5% 5.55%
Dividend 3Y 10.2% 5.8% 2.2% -0.7% -10.0% -8.4% -7.2% -5.8% -1.6% -3.2% -4.6% -5.9% -6.9% -6.6% -6.4% -6.3% 0.2% -5.7% -3.4% -1.5% -1.46%
Growth Quality
Metric Trend Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q4'22 Q1'23 Q2'23 Q3'23 Q4'23 Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Q2'26 Current
Revenue Stability 0.99 0.99 0.99 0.99 0.99 0.98 0.96 0.93 0.90 0.89 0.89 0.89 0.90 0.91 0.93 0.95 0.96 0.97 0.97 0.96 0.963
Earnings Stability 0.88 0.78 0.86 0.90 0.90 0.82 0.90 0.94 0.89 0.72 0.67 0.67 0.61 0.48 0.40 0.40 0.14 0.47 0.51 0.48 0.482
Margin Stability 0.93 0.93 0.92 0.92 0.91 0.92 0.93 0.92 0.90 0.89 0.88 0.86 0.84 0.83 0.83 0.83 0.81 0.84 0.85 0.85 0.854
Rev. Growth Consistency 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.000
Earn. Growth Consistency 0.50 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 0.00 0.50 0.50 1.00 1.000
FCF Positive Streak 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1
Earnings Persistence 0.82 0.50 0.50 0.85 0.91 0.96 0.96 0.98 0.99 0.97 0.94 0.94 0.96 0.98 1.00 0.99 0.96 0.92 0.50 0.50 0.500
Earnings Smoothness 0.63 0.45 0.57 0.68 0.81 0.91 0.91 0.96 0.97 0.91 0.83 0.84 0.89 0.94 0.99 0.98 0.88 0.81 0.58 0.45 0.447
ROE Trend 0.01 0.03 0.03 0.03 0.02 0.01 0.00 -0.01 -0.01 -0.02 -0.03 -0.04 -0.03 -0.02 -0.02 -0.02 -0.04 -0.02 0.00 0.02 0.017
Gross Margin Trend 0.11 0.13 0.13 0.12 0.11 0.05 -0.02 -0.10 -0.18 -0.21 -0.22 -0.21 -0.20 -0.17 -0.13 -0.09 -0.08 -0.01 0.02 0.04 0.044
FCF Margin Trend -0.01 0.07 0.01 0.06 0.03 0.03 0.02 -0.05 -0.07 -0.12 -0.07 -0.07 -0.03 -0.01 -0.01 0.05 -0.01 0.01 0.01 0.03 0.030
Sustainable Growth Rate 8.2% 9.7% 10.2% 10.4% 9.6% 9.5% 9.6% 9.1% 7.7% 7.1% 6.2% 6.0% 6.0% 6.0% 5.7% 5.7% 3.7% 5.9% 7.6% 9.0% 9.03%
Internal Growth Rate 0.7% 0.8% 0.8% 0.9% 0.9% 0.9% 0.9% 0.8% 0.7% 0.7% 0.6% 0.6% 0.6% 0.6% 0.6% 0.6% 0.4% 0.6% 0.8% 1.0% 0.96%
Cash Flow Quality
Metric Trend Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q4'22 Q1'23 Q2'23 Q3'23 Q4'23 Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Q2'26 Current
OCF/Net Income 0.94 1.02 0.88 0.99 0.95 1.01 1.01 0.93 0.92 0.81 1.01 1.00 1.25 1.31 1.32 1.48 1.29 0.98 0.89 0.93 0.929
FCF/OCF 0.85 0.89 0.87 0.87 0.84 0.81 0.79 0.73 0.76 0.77 0.82 0.77 0.78 0.77 0.78 0.86 0.84 0.90 0.93 0.96 0.960
FCF/Net Income snapshot only 0.893
OCF/EBITDA snapshot only 0.737
CapEx/Revenue 3.5% 3.1% 3.3% 3.7% 4.1% 5.0% 5.3% 5.5% 4.3% 3.4% 3.0% 3.6% 4.2% 4.5% 4.3% 3.2% 2.4% 1.5% 1.1% 0.8% 0.75%
CapEx/Depreciation snapshot only 0.297
Accruals Ratio 0.00 -0.00 0.00 0.00 0.00 -0.00 -0.00 0.00 0.00 0.00 -0.00 -0.00 -0.00 -0.00 -0.00 -0.00 -0.00 0.00 0.00 0.00 0.001
Sloan Accruals snapshot only 0.605
Cash Flow Adequacy snapshot only 3.005
Earnings Quality Score snapshot only 0.750
Dividends & Buybacks
Metric Trend Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q4'22 Q1'23 Q2'23 Q3'23 Q4'23 Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Q2'26 Current
Dividend Yield 4.5% 4.1% 4.1% 4.5% 3.7% 3.8% 4.8% 5.5% 5.5% 4.4% 4.8% 4.7% 4.0% 3.9% 4.3% 4.2% 3.8% 3.0% 2.9% 2.6% 2.11%
Dividend/Share $0.94 $0.94 $0.95 $0.95 $0.76 $0.80 $0.83 $0.87 $0.91 $0.91 $0.91 $0.91 $0.91 $0.92 $0.92 $0.93 $0.91 $0.77 $0.83 $0.89 $0.75
Payout Ratio 31.1% 27.5% 27.1% 26.6% 26.0% 26.7% 27.3% 29.2% 31.8% 32.7% 35.1% 35.6% 35.7% 35.2% 36.1% 35.7% 44.1% 34.0% 29.8% 27.3% 27.25%
FCF Payout Ratio 38.9% 30.2% 35.7% 31.0% 32.8% 32.6% 34.4% 42.5% 45.3% 52.7% 42.4% 46.2% 36.6% 34.8% 35.1% 28.2% 40.7% 38.3% 36.0% 30.5% 30.53%
Total Payout Ratio 31.4% 29.5% 31.7% 31.1% 30.3% 29.3% 31.2% 36.8% 42.9% 44.3% 43.2% 40.4% 37.0% 36.4% 37.6% 36.3% 44.8% 34.5% 30.5% 27.8% 27.82%
Div. Increase Streak 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1
Chowder Number 0.53 0.35 0.23 0.13 0.05 0.10 0.15 0.20 0.24 0.17 0.13 0.08 0.04 0.05 0.06 0.07 0.14 0.20 0.29 0.37 0.373
Buyback Yield 0.0% 0.3% 0.7% 0.7% 0.6% 0.4% 0.7% 1.4% 1.9% 1.5% 1.1% 0.6% 0.2% 0.1% 0.2% 0.1% 0.1% 0.0% 0.1% 0.1% 0.05%
Net Buyback Yield 0.0% 0.3% 0.7% 0.7% 0.6% 0.4% 0.7% 1.4% 1.9% 1.5% 1.1% 0.6% 0.2% 0.1% 0.2% 0.1% 0.1% 0.0% 0.1% 0.1% 0.05%
Total Shareholder Return 4.5% 4.4% 4.8% 5.2% 4.3% 4.1% 5.5% 6.9% 7.4% 5.9% 5.9% 5.4% 4.2% 4.0% 4.5% 4.3% 3.9% 3.0% 3.0% 2.7% 2.70%
DuPont Factors
Metric Trend Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q4'22 Q1'23 Q2'23 Q3'23 Q4'23 Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Q2'26 Current
Tax Burden (NI/EBT) 0.81 0.82 0.82 0.82 0.81 0.81 0.81 0.80 0.80 0.81 0.81 0.81 0.81 0.81 0.81 0.81 0.80 0.80 0.81 0.81 0.806
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 1.11 1.09 1.092
EBIT Margin 0.30 0.34 0.34 0.34 0.33 0.32 0.30 0.27 0.24 0.22 0.20 0.19 0.19 0.19 0.18 0.18 0.15 0.20 0.21 0.23 0.233
Asset Turnover 0.04 0.04 0.04 0.04 0.04 0.05 0.05 0.05 0.06 0.06 0.06 0.06 0.06 0.06 0.06 0.06 0.06 0.06 0.06 0.06 0.064
Equity Multiplier 11.69 11.71 12.07 12.24 11.08 11.10 11.18 11.26 10.37 10.19 10.12 10.16 10.17 10.11 10.05 9.97 9.84 9.84 9.78 9.54 9.537
Per Share
Metric Trend Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q4'22 Q1'23 Q2'23 Q3'23 Q4'23 Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Q2'26 Current
EPS (Diluted TTM) $3.03 $3.42 $3.49 $3.58 $2.93 $3.00 $3.06 $3.00 $2.87 $2.78 $2.59 $2.55 $2.56 $2.61 $2.55 $2.60 $2.06 $2.25 $2.77 $3.26 $3.26
Book Value/Share $26.00 $26.27 $25.29 $25.19 $24.44 $25.16 $25.92 $26.23 $26.28 $27.34 $27.70 $28.08 $29.00 $29.20 $29.85 $30.46 $36.58 $29.66 $30.20 $30.84 $31.05
Tangible Book/Share $23.28 $23.55 $22.55 $22.45 $22.26 $22.99 $23.74 $24.04 $24.09 $25.15 $25.52 $25.90 $26.82 $27.04 $27.68 $28.30 $30.90 $26.65 $26.08 $26.80 $26.80
Revenue/Share $12.39 $12.41 $12.60 $13.02 $10.79 $11.55 $12.43 $13.57 $14.57 $15.41 $16.01 $16.47 $16.97 $17.22 $17.40 $17.63 $17.07 $14.07 $14.81 $15.92 $16.26
FCF/Share $2.42 $3.11 $2.65 $3.08 $2.33 $2.45 $2.43 $2.05 $2.01 $1.73 $2.14 $1.97 $2.50 $2.64 $2.63 $3.29 $2.23 $1.99 $2.30 $2.91 $2.92
OCF/Share $2.85 $3.50 $3.06 $3.56 $2.77 $3.04 $3.09 $2.80 $2.64 $2.25 $2.62 $2.56 $3.20 $3.42 $3.38 $3.84 $2.65 $2.21 $2.47 $3.03 $3.04
Cash/Share $87.32 $84.81 $56.08 $40.95 $27.84 $22.65 $26.44 $22.82 $24.77 $26.99 $31.12 $33.08 $35.38 $40.48 $46.20 $45.33 $35.34 $22.53 $2.67 $2.94 $40.85
EBITDA/Share $4.13 $4.57 $4.65 $4.76 $3.90 $4.02 $4.11 $4.06 $3.91 $3.81 $3.57 $3.52 $3.52 $3.62 $3.57 $3.62 $2.98 $3.18 $3.43 $4.10 $4.10
Debt/Share $10.40 $7.44 $7.80 $7.80 $6.34 $19.11 $11.52 $6.82 $6.83 $6.82 $6.84 $6.81 $6.92 $6.96 $6.94 $6.94 $14.35 $11.27 $11.23 $9.50 $9.50
Net Debt/Share $-76.92 $-77.36 $-48.28 $-33.15 $-21.50 $-3.54 $-14.91 $-16.00 $-17.94 $-20.17 $-24.28 $-26.27 $-28.46 $-33.52 $-39.26 $-38.40 $-20.99 $-11.27 $8.56 $6.57 $6.57
Academic Models
Metric Trend Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q4'22 Q1'23 Q2'23 Q3'23 Q4'23 Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Q2'26 Current
Altman-B Score — — — — — — — — — — — — — — — — — — — — 2.095
Altman Z-Prime snapshot only 0.369
Piotroski F-Score 8 7 5 7 6 5 5 4 5 6 7 7 6 6 7 7 3 5 6 6 6
Beneish M-Score -2.49 -2.45 -2.36 -2.07 -1.97 -1.84 -1.89 -1.99 -2.04 -2.98 -3.12 -3.21 -3.23 -2.39 -2.45 -2.46 -2.03 -2.05 -2.27 -1.91 -1.907
Ohlson O-Score snapshot only -5.322
ROIC (Greenblatt) snapshot only 2.65%
Net-Net WC snapshot only $-251.01
EVA snapshot only $-22337095.29
Credit
Metric Trend Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q4'22 Q1'23 Q2'23 Q3'23 Q4'23 Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Q2'26 Current
Credit Rating snapshot only A
Credit Score 64.06 73.56 73.82 68.11 70.63 54.24 58.17 71.83 57.02 58.24 65.58 53.89 68.26 71.90 71.63 73.97 47.10 68.40 58.81 73.58 73.585
Credit Grade snapshot only 6
Credit Trend snapshot only -0.383
Implied Spread (bps) snapshot only 150.000
Industry Credit Rank snapshot only 74
Sector Credit Rank snapshot only 63

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