Also trades as: CTO (NYSE) · $vol 7M

$19.93

-0.08 (-0.40%)

Weekly Expected Move ±3.2%

$19 $20 $21 $21 $22

NYSE · Real Estate · REIT - Diversified · Tech Score Buy · Power 54 · $656.5M mcap · 5M float · 0.101% daily turnover

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.

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

Analyst Recommendations

Strong Buy: 0Buy: 5Hold: 1Sell: 0Strong Sell: 0

Rating Summary

ConsensusBuy

Avg Target$—

Analysts0

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 27, 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. CTO-PA receives an overall rating of B. Strongest factors: DCF (5/5), ROE (4/5). Areas of concern: ROA (1/5), D/E (1/5).

Rating Change History

Date	From	To
2026-10-01	B-	B
2026-08-17	B	B-
2026-07-29	C+	B
2026-07-25	B-	C+
2026-04-27	B	B-
2026-04-01	C+	B
2026-02-19	C	C+
2026-01-30	C-	C
2026-01-03	C	C-

InsiderStreet Scorecard

Proprietary multi-factor scorecard rating companies across seven fundamental dimensions — profitability, balance sheet strength, earnings quality, growth, value, momentum, and safety — each scored 0–100.

★ ★ ★ ★ ★ 51 Grade A

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. CTO-PA scores highest in Momentum (94/100) and lowest in Safety (15/100). An overall grade of A places CTO-PA 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 Z-Score

1.03

Distress Zone

Piotroski F-Score

7/9

✓ ✓ ✓ ✓ ✓ ✗ ✗ ✓ ✓

Beneish M-Score

-3.39

Unlikely Manipulator

Ohlson O-Score

-7.47

Bankruptcy prob: 0.1%

Low Risk

Credit Rating

Score: 42.2/100

Trend: Improving

Earnings Quality

100/100

OCF/NI: 1.27x

Accruals: -1.1%

The Altman Z-Score (1968) combines five ratios — working capital, retained earnings, EBIT, market value of equity, and sales, all relative to total assets or liabilities — into a single bankruptcy predictor. CTO-PA scores 1.03, 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. CTO-PA scores 7/9, signaling strong financial health across all three dimensions. The Beneish M-Score (1999) is an 8-variable model that detects earnings manipulation by comparing year-over-year changes in receivables, gross margins, asset quality, sales growth, depreciation, SG&A, leverage, and accruals. Scores above −1.78 statistically resemble past manipulators. CTO-PA's score of -3.39 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. CTO-PA'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. CTO-PA receives an estimated rating of BB (score: 42.2/100), 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). CTO-PA'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

17.06x

PEG

0.01x

P/S

4.28x

P/B

1.07x

P/FCF

87.71x

P/OCF

10.55x

EV/EBITDA

8.80x

EV/Revenue

8.30x

EV/EBIT

21.90x

EV/FCF

166.08x

Earnings Yield

7.46%

FCF Yield

1.14%

Shareholder Yield

9.62%

Graham Number

$26.24

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 17.1x earnings, CTO-PA trades at a reasonable valuation. An earnings yield of 7.5% exceeds typical risk-free rates, suggesting equities are being compensated for risk. Graham's intrinsic value formula yields $26.24 per share, suggesting a potential 32% 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

0.977

NI / EBT

Interest Burden

0.883

EBT / EBIT

EBIT Margin

0.379

EBIT / Rev

Asset Turnover

0.122

Rev / Assets

Equity Multiplier

2.132

Assets / Equity

ROE

8.5%

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. CTO-PA's ROE of 8.5% 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

$13.25

Price/Value

1.58x

Margin of Safety

-57.70%

Premium

57.70%

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 CTO-PA's realized 0.0% 3-year EPS CAGR, capped at 15% — demonstrated performance rather than forecasts, held to a rate companies have historically sustained. CTO-PA trades at a 58% premium to its adjusted intrinsic value of $13.25, 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 17.1x.

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 1338 days of historical volatility. Percentile bands show the range of statistically plausible outcomes — this is a statistical model, not a forecast.

Current Price

$19.93

Median 1Y

$19.81

5th Pctile

$14.18

95th Pctile

$27.67

Ann. Volatility

21.3%

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
John P. Albright President & Chief Executive Officer	$870,000	$1,778,421	$3,905,735
Steven R. Greathouse Sr. Vice President & Chief Investment Officer	$520,000	$724,945	$1,844,755
Philip R. Mays Sr. Vice President, Chief Financial Officer & Treasurer	$415,000	$578,563	$1,476,760
Daniel E. Smith Sr. Vice President, General Counsel & Corporate Secretary	$335,000	$467,030	$1,196,469
Lisa M. Vorakoun Sr. Vice President & Chief Accounting Officer	$300,000	$418,228	$1,070,268

CEO Pay Ratio

9:1

CEO-to-Employee Pay Ratio

CEO Total Comp: $3,905,735

Avg Employee Cost (SGA/emp): $441,119

Employees: 42

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

+13.5% YoY

Revenue / Employee

$3,560,595

Rev: $149,545,000

Profit / Employee

$240,286

NI: $10,092,000

SGA / Employee

$441,119

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	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	4.6%	5.1%	5.2%	7.0%	1.9%	0.7%	-0.7%	-0.5%	-1.0%	1.1%	3.7%	3.5%	3.8%	-0.4%	-1.1%	-5.7%	-5.8%	1.7%	2.4%	8.5%	8.52%
ROA	2.9%	3.0%	3.0%	3.7%	1.1%	0.4%	-0.3%	-0.3%	-0.5%	0.6%	1.7%	1.6%	1.8%	-0.2%	-0.5%	-2.7%	-2.8%	0.8%	1.1%	4.0%	3.99%
ROIC	3.5%	3.2%	3.8%	4.8%	2.4%	24.0%	1.9%	1.8%	1.6%	2.6%	3.8%	4.0%	3.2%	1.3%	0.7%	-0.5%	-0.2%	2.7%	2.9%	4.6%	4.61%
ROCE	3.3%	3.6%	3.9%	4.9%	2.3%	1.7%	1.4%	1.6%	1.8%	2.3%	3.5%	3.5%	3.1%	1.7%	0.4%	-1.6%	-1.8%	2.0%	3.3%	4.4%	4.40%
Gross Margin	74.4%	51.9%	76.4%	74.1%	70.7%	69.0%	70.7%	71.9%	74.7%	73.5%	73.1%	71.1%	74.4%	74.4%	75.2%	73.0%	75.4%	-2.4%	75.3%	74.6%	74.62%
Operating Margin	1.6%	5.2%	20.3%	25.8%	46.5%	14.1%	12.0%	21.8%	27.0%	34.1%	51.6%	18.8%	15.6%	-20.4%	22.0%	-33.7%	23.2%	75.9%	24.2%	30.2%	30.23%
Net Margin	1.4%	7.8%	1.2%	6.3%	20.8%	-13.7%	-24.2%	6.9%	9.4%	23.5%	20.8%	4.1%	19.6%	-42.6%	6.3%	-62.2%	8.0%	73.9%	15.1%	34.5%	34.48%
EBITDA Margin	1.9%	41.8%	45.3%	51.9%	64.1%	51.6%	35.4%	69.4%	71.3%	62.6%	78.0%	62.9%	78.5%	53.6%	-50.8%	-3.7%	65.5%	2.1%	70.8%	41.8%	41.83%
FCF Margin	19.5%	38.2%	44.9%	40.7%	58.3%	-1.8%	-1.6%	-1.5%	-1.5%	32.4%	33.6%	30.4%	44.1%	55.7%	51.4%	54.6%	51.1%	39.1%	40.5%	5.0%	5.00%
OCF Margin	19.5%	38.2%	44.9%	40.7%	58.3%	68.1%	60.1%	60.9%	60.9%	42.5%	43.4%	39.9%	44.1%	55.7%	51.4%	54.6%	55.3%	43.2%	44.5%	41.6%	41.55%
ROE 3Y Avg	snapshot only																				2.03%
ROE 5Y Avg	snapshot only																				2.38%
ROA 3Y Avg	snapshot only																				0.99%
ROIC 3Y Avg	snapshot only																				1.41%
ROIC Economic	snapshot only																				4.42%
Cash ROA	snapshot only																				4.77%
Cash ROIC	snapshot only																				5.17%
CROIC	snapshot only																				0.62%
NOPAT Margin	snapshot only																				37.04%
Pretax Margin	snapshot only																				33.49%
R&D / Revenue	snapshot only																				0.00%
SGA / Revenue	snapshot only																				11.86%
SBC / Revenue	snapshot only																				2.15%

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	16.47	15.61	15.07	11.66	45.23	102.57	-119.24	-149.92	-75.90	81.23	26.76	24.56	26.99	-335.17	-110.35	-21.05	-20.48	64.74	46.47	13.40	17.061
P/S Ratio	10.79	6.22	4.63	4.08	4.37	3.93	4.03	3.82	3.42	4.12	4.13	3.57	4.62	5.29	4.63	4.50	4.65	4.42	4.25	4.38	4.282
P/B Ratio	0.77	0.80	0.78	0.74	0.83	0.64	0.76	0.77	0.73	0.98	1.01	0.84	0.92	1.07	1.03	1.11	1.23	1.16	1.14	1.06	1.072
P/FCF	55.25	16.28	10.32	10.04	7.50	-2.23	-2.46	-2.58	-2.32	12.69	12.28	11.74	10.47	9.50	9.01	8.25	9.09	11.30	10.48	87.71	87.713
P/OCF	55.25	16.28	10.32	10.04	7.50	5.77	6.71	6.27	5.62	9.68	9.51	8.93	10.47	9.50	9.01	8.25	8.40	10.23	9.55	10.55	10.550
EV/EBITDA	16.72	14.04	11.95	10.33	16.16	16.20	17.26	16.24	14.69	13.76	12.39	10.95	12.44	13.59	26.85	49.39	51.70	14.85	9.49	8.80	8.799
EV/Revenue	16.81	10.44	8.07	7.90	8.23	8.72	8.70	8.97	8.48	8.30	8.70	7.51	8.79	9.19	8.96	8.60	8.56	8.43	8.10	8.30	8.300
EV/EBIT	25.40	22.69	21.74	17.13	39.41	45.88	61.78	52.86	49.36	42.81	29.02	26.18	28.79	59.69	272.92	-64.04	-60.23	50.68	29.94	21.90	21.896
EV/FCF	86.05	27.32	17.97	19.43	14.10	-4.95	-5.31	-6.08	-5.75	25.58	25.87	24.74	19.93	16.50	17.44	15.76	16.74	21.57	19.99	166.08	166.077
Earnings Yield	6.1%	6.4%	6.6%	8.6%	2.2%	1.0%	-0.8%	-0.7%	-1.3%	1.2%	3.7%	4.1%	3.7%	-0.3%	-0.9%	-4.8%	-4.9%	1.5%	2.2%	7.5%	7.46%
FCF Yield	1.8%	6.1%	9.7%	10.0%	13.3%	-44.8%	-40.6%	-38.7%	-43.1%	7.9%	8.1%	8.5%	9.6%	10.5%	11.1%	12.1%	11.0%	8.8%	9.5%	1.1%	1.14%
PEG Ratio	snapshot only																				0.011
Price/Tangible Book	snapshot only																				1.219
EV/OCF	snapshot only																				19.975
EV/Gross Profit	snapshot only																				1450.203
Acquirers Multiple	snapshot only																				21.881
Shareholder Yield	snapshot only																				9.62%
Graham Number	snapshot only																				$26.24

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	1.81	4.35	1.74	2.37	2.18	1.65	1.71	5.94	2.11	2.10	1.97	1.59	8.17	2.44	2.53	7.10	4.97	2.33	7.23	2.44	2.444
Quick Ratio	0.81	2.93	1.73	2.36	2.17	1.65	1.67	5.74	1.59	2.10	1.97	1.59	8.17	2.43	2.53	7.10	4.97	2.33	7.23	2.44	2.444
Debt/Equity	0.53	0.66	0.69	0.80	0.83	0.90	0.97	1.13	1.17	1.11	1.20	1.01	0.92	0.87	1.04	1.08	1.11	1.14	1.13	1.04	1.041
Net Debt/Equity	0.43	0.54	0.58	0.69	0.73	0.78	0.88	1.04	1.08	1.00	1.11	0.93	0.83	0.79	0.96	1.01	1.03	1.06	1.04	0.95	0.951
Debt/Assets	0.34	0.39	0.40	0.43	0.44	0.46	0.47	0.51	0.53	0.51	0.53	0.49	0.46	0.45	0.50	0.50	0.51	0.51	0.50	0.49	0.492
Debt/EBITDA	7.42	6.87	6.07	5.76	8.61	10.27	10.28	10.18	9.53	7.69	7.04	6.28	6.52	6.35	14.06	25.31	25.46	7.63	4.91	4.54	4.543
Net Debt/EBITDA	5.98	5.67	5.09	4.99	7.57	8.89	9.26	9.33	8.76	6.93	6.51	5.75	5.91	5.77	12.97	23.55	23.63	7.07	4.51	4.15	4.152
Interest Coverage	4.95	4.12	3.40	4.62	2.01	1.48	0.95	1.02	0.87	0.95	1.45	1.40	1.63	0.89	0.20	-0.82	-0.85	0.95	1.51	2.11	2.107
Equity Multiplier	1.58	1.70	1.75	1.86	1.90	1.95	2.05	2.22	2.23	2.16	2.25	2.05	1.97	1.93	2.09	2.15	2.19	2.23	2.26	2.12	2.118
Cash Ratio	snapshot only																				3.335
Debt Service Coverage	snapshot only																				5.242
Cash to Debt	snapshot only																				0.086
FCF to Debt	snapshot only																				0.012

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	0.04	0.08	0.10	0.10	0.11	0.10	0.10	0.10	0.11	0.11	0.11	0.11	0.11	0.11	0.12	0.13	0.12	0.12	0.12	0.12	0.122
Inventory Turnover	0.11	0.75	33.86	2.75	0.79	1.76	15.32	12.42	1.52	—	22.20	16.04	1.72	221.48	—	—	—	1053.02	—	—	—
Receivables Turnover	5.33	9.16	10.00	11.76	12.85	11.37	10.96	10.86	11.79	9.11	11.08	10.78	10.67	7.26	8.68	9.03	8.84	7.31	7.53	7.50	7.499
Payables Turnover	5.39	28.74	15.13	18.98	21.87	14.20	12.04	10.67	11.26	11.20	11.10	10.77	10.58	11.01	15.78	18.12	19.11	63.35	88.63	71.62	71.620
DSO	69	40	36	31	28	32	33	34	31	40	33	34	34	50	42	40	41	50	49	49	48.7 days
DIO	3352	487	11	133	461	207	24	29	240	0	16	23	212	2	0	0	0	0	0	0	0.0 days
DPO	68	13	24	19	17	26	30	34	32	33	33	34	34	33	23	20	19	6	4	5	5.1 days
Cash Conversion Cycle	3352	514	23	144	472	213	27	29	239	7	17	23	212	19	19	20	22	45	44	44	43.6 days
Fixed Asset Turnover	snapshot only																				0.163
Cash Velocity	snapshot only																				2.714
Capital Intensity	snapshot only																				8.718

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	—	—	—	4.5%	1.7%	48.2%	23.4%	23.7%	20.4%	32.6%	25.3%	19.6%	16.6%	14.1%	17.5%	22.3%	23.8%	20.1%	17.2%	14.3%	14.26%
Net Income	—	—	—	8.3%	-59.6%	-85.7%	-1.1%	-1.1%	-1.6%	75.1%	6.7%	7.8%	5.4%	-1.4%	-1.3%	-2.8%	-2.6%	6.2%	3.6%	2.7%	2.75%
EPS	—	—	—	8.2%	-66.7%	-87.3%	-1.1%	-1.1%	-1.5%	34.6%	6.0%	7.7%	4.9%	-1.3%	-1.3%	-2.3%	-2.3%	5.9%	3.5%	2.7%	2.69%
FCF	—	—	—	1.7%	7.2%	-7.8%	-5.5%	-5.5%	-4.0%	1.2%	1.3%	1.2%	1.3%	95.9%	79.5%	1.2%	43.6%	-15.7%	-7.6%	-89.5%	-89.54%
EBITDA	—	—	—	152.3%	38.7%	7.3%	-7.8%	-10.6%	36.6%	48.5%	74.6%	48.5%	42.6%	27.9%	-44.2%	-69.0%	-71.0%	0.8%	2.0%	5.2%	5.19%
Op. Income	—	—	—	5.0%	16.9%	18.8%	-2.1%	-38.3%	-5.1%	18.1%	73.8%	67.6%	80.0%	-33.6%	-71.2%	-1.2%	-1.1%	87.8%	2.2%	9.5%	9.55%
OCF Growth	snapshot only																				-13.01%
Asset Growth	snapshot only																				13.88%
Equity Growth	snapshot only																				15.52%
Debt Growth	snapshot only																				11.04%
Shares Change	snapshot only																				3.24%
Dividend Growth	snapshot only																				3.35%

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	—	—	—	—	—	—	—	—	—	—	—	1.0%	56.7%	30.9%	22.0%	21.8%	20.3%	22.0%	19.9%	18.7%	18.67%
Revenue 5Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	62.4%	62.35%
EPS 3Y	—	—	—	—	—	—	—	—	—	—	—	—	-11.4%	—	—	—	—	25.9%	—	—	—
EPS 5Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Net Income 3Y	—	—	—	—	—	—	—	—	—	—	—	—	0.1%	—	—	—	—	47.9%	—	—	—
Net Income 5Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
EBITDA 3Y	—	—	—	—	—	—	—	—	—	—	—	—	39.3%	26.8%	-3.5%	-25.6%	-17.3%	24.2%	42.9%	41.8%	41.82%
EBITDA 5Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Gross Profit 3Y	—	—	—	—	—	—	—	—	—	—	—	97.4%	54.9%	36.2%	25.6%	25.7%	24.5%	—	—	-76.2%	-76.17%
Gross Profit 5Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	-39.1%	-39.05%
Op. Income 3Y	—	—	—	—	—	—	—	—	—	—	—	—	25.9%	-2.3%	-21.2%	—	—	13.8%	17.1%	39.4%	39.37%
Op. Income 5Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
FCF 3Y	—	—	—	—	—	—	—	—	—	—	—	43.1%	1.1%	48.4%	27.6%	34.4%	15.1%	—	—	—	—
FCF 5Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	-7.6%	-7.60%
OCF 3Y	—	—	—	—	—	—	—	—	—	—	—	56.8%	1.1%	48.4%	27.6%	34.4%	18.1%	4.8%	8.5%	4.5%	4.47%
OCF 5Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	41.1%	41.14%
Assets 3Y	—	—	—	—	—	—	—	—	—	—	—	13.5%	19.6%	17.2%	18.1%	15.4%	13.1%	8.6%	9.8%	9.8%	9.78%
Assets 5Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	15.3%	15.28%
Equity 3Y	—	—	—	—	—	—	—	—	—	—	—	12.6%	11.0%	12.5%	11.3%	10.0%	7.8%	4.0%	6.3%	11.5%	11.49%
Book Value 3Y	—	—	—	—	—	—	—	—	—	—	—	3.5%	-1.7%	-6.4%	-8.2%	-9.9%	-6.2%	-11.5%	-5.7%	-2.7%	-2.67%
Dividend 3Y	—	—	—	—	—	—	—	—	—	—	—	-6.4%	-8.7%	-11.5%	-9.7%	-8.8%	-4.9%	-9.5%	-8.0%	-10.8%	-10.79%

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	—	—	—	—	—	—	—	0.91	0.92	1.00	0.99	0.90	0.91	0.99	1.00	0.99	0.98	0.99	1.00	0.97	0.970
Earnings Stability	—	—	—	—	—	—	—	0.00	1.00	0.64	0.03	0.07	0.02	0.75	0.33	0.21	0.45	0.25	0.06	0.06	0.058
Margin Stability	—	—	—	—	—	—	—	0.94	0.94	0.94	0.96	0.95	0.95	0.94	0.96	0.96	0.96	0.26	0.30	0.45	0.445
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	1.00	1.00	1.00	1.00	1.00	1.000
Earn. Growth Consistency	0.00	0.00	0.00	0.50	0.00	0.00	0.00	0.00	0.00	0.50	0.50	0.50	0.50	0.00	0.00	0.00	0.00	0.50	0.50	0.50	0.500
FCF Positive Streak	0	0	0	1	1	0	0	0	0	0	0	0	0	1	1	1	1	1	1	1	1
Earnings Persistence	—	—	—	—	—	—	—	0.20	0.20	0.50	0.20	0.20	0.20	0.20	0.20	0.20	0.20	0.20	0.20	0.20	0.200
Earnings Smoothness	—	—	—	—	0.15	0.00	—	—	—	0.45	—	—	—	—	—	—	—	—	—	—	—
ROE Trend	—	—	—	—	—	—	—	-0.03	-0.04	-0.02	0.01	0.00	0.03	-0.01	-0.02	-0.07	-0.07	0.01	0.01	0.09	0.089
Gross Margin Trend	—	—	—	—	—	—	—	-0.02	0.00	0.04	0.04	0.04	0.04	0.01	0.02	0.02	0.02	-0.79	-0.76	-0.73	-0.731
FCF Margin Trend	—	—	—	—	—	—	—	-2.10	-1.86	1.01	0.93	0.84	0.89	1.28	1.16	1.13	1.03	-0.05	-0.02	-0.37	-0.375
Sustainable Growth Rate	1.7%	0.5%	-1.2%	-0.6%	-5.2%	-6.5%	—	—	—	-7.0%	-4.6%	-4.8%	-4.2%	—	—	—	—	-7.9%	-7.3%	-1.0%	-0.96%
Internal Growth Rate	1.1%	0.3%	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—

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	0.30	0.96	1.46	1.16	6.03	17.76	-17.78	-23.91	-13.51	8.39	2.81	2.75	2.58	-35.29	-12.24	-2.55	-2.44	6.33	4.87	1.27	1.271
FCF/OCF	1.00	1.00	1.00	1.00	1.00	-2.58	-2.72	-2.43	-2.42	0.76	0.77	0.76	1.00	1.00	1.00	1.00	0.92	0.91	0.91	0.12	0.120
FCF/Net Income	snapshot only																				0.153
OCF/EBITDA	snapshot only																				0.441
CapEx/Revenue	0.0%	0.0%	0.0%	0.0%	0.0%	2.4%	2.2%	2.1%	2.1%	10.1%	9.8%	9.6%	0.0%	0.0%	0.0%	0.0%	4.2%	4.1%	4.0%	36.6%	36.55%
CapEx/Depreciation	snapshot only																				0.648
Accruals Ratio	0.02	0.00	-0.01	-0.01	-0.05	-0.06	-0.07	-0.07	-0.07	-0.04	-0.03	-0.03	-0.03	-0.07	-0.06	-0.10	-0.10	-0.04	-0.04	-0.01	-0.011
Sloan Accruals	snapshot only																				-0.168
Cash Flow Adequacy	snapshot only																				0.570
Earnings Quality Score	snapshot only																				1.000

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	3.9%	5.8%	8.2%	9.3%	8.4%	10.4%	9.9%	10.2%	11.2%	8.7%	8.4%	9.7%	7.8%	7.2%	8.4%	8.7%	8.2%	8.6%	8.7%	8.3%	7.81%
Dividend/Share	$0.73	$1.13	$1.56	$1.65	$1.44	$1.69	$1.58	$1.68	$1.74	$1.51	$1.50	$1.75	$1.68	$1.53	$1.62	$1.68	$1.72	$1.75	$1.76	$1.73	$1.52
Payout Ratio	63.8%	90.2%	1.2%	1.1%	3.8%	10.7%	—	—	—	7.1%	2.2%	2.4%	2.1%	—	—	—	—	5.5%	4.0%	1.1%	1.11%
FCF Payout Ratio	2.1%	94.1%	84.5%	93.7%	62.8%	—	—	—	—	1.1%	1.0%	1.1%	82.2%	67.9%	75.4%	71.4%	74.9%	96.7%	91.0%	7.3%	7.28%
Total Payout Ratio	65.9%	98.2%	1.3%	1.2%	4.4%	11.5%	—	—	—	8.3%	2.4%	2.5%	2.2%	—	—	—	—	6.5%	4.6%	1.3%	1.29%
Div. Increase Streak	0	0	0	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1
Chowder Number	—	—	—	4.16	1.48	0.79	0.40	0.37	0.38	0.25	0.17	0.15	0.18	0.28	0.40	0.47	0.39	0.29	0.20	0.15	0.150
Buyback Yield	0.1%	0.5%	0.5%	0.9%	1.4%	0.9%	2.2%	1.9%	1.5%	1.5%	0.5%	0.5%	0.4%	0.1%	0.2%	0.0%	0.6%	1.4%	1.3%	1.3%	1.33%
Net Buyback Yield	0.1%	0.5%	-0.3%	-1.7%	-4.2%	-28.3%	-23.1%	-21.5%	-19.7%	1.5%	0.0%	-1.0%	-23.8%	-24.9%	-26.5%	-25.1%	-4.2%	1.3%	-1.0%	-0.8%	-0.81%
Total Shareholder Return	4.0%	6.3%	7.9%	7.6%	4.2%	-17.9%	-13.2%	-11.2%	-8.4%	10.2%	8.4%	8.7%	-15.9%	-17.8%	-18.1%	-16.4%	4.0%	9.9%	7.7%	7.5%	7.48%

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)	1.24	1.14	1.16	0.96	0.91	9.63	0.57	0.55	0.70	0.90	0.97	1.00	0.98	0.85	0.97	1.00	0.99	0.97	0.98	0.98	0.977
Interest Burden (EBT/EBIT)	0.80	0.76	0.71	0.79	0.51	0.02	-0.42	-0.27	-0.38	0.29	0.53	0.51	0.57	-0.12	-1.32	1.59	1.61	0.42	0.35	0.88	0.883
EBIT Margin	0.66	0.46	0.37	0.46	0.21	0.19	0.14	0.17	0.17	0.19	0.30	0.29	0.31	0.15	0.03	-0.13	-0.14	0.17	0.27	0.38	0.379
Asset Turnover	0.04	0.08	0.10	0.10	0.11	0.10	0.10	0.10	0.11	0.11	0.11	0.11	0.11	0.11	0.12	0.13	0.12	0.12	0.12	0.12	0.122
Equity Multiplier	1.58	1.70	1.75	1.92	1.74	1.84	1.91	2.05	2.07	2.05	2.15	2.13	2.09	2.03	2.16	2.10	2.08	2.07	2.18	2.13	2.132

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)	$1.14	$1.25	$1.26	$1.52	$0.38	$0.16	$-0.13	$-0.11	$-0.20	$0.21	$0.67	$0.73	$0.79	$-0.06	$-0.18	$-0.92	$-1.02	$0.32	$0.44	$1.56	$1.56
Book Value/Share	$24.58	$24.36	$24.29	$23.96	$20.66	$25.38	$21.08	$21.29	$21.26	$17.68	$17.74	$21.58	$23.34	$19.96	$18.80	$17.54	$17.05	$17.60	$17.69	$19.63	$18.15
Tangible Book/Share	$19.71	$18.67	$18.48	$18.44	$15.66	$19.52	$16.22	$16.26	$16.55	$13.93	$13.86	$17.41	$19.13	$17.38	$15.98	$15.05	$14.77	$14.97	$15.03	$17.15	$17.15
Revenue/Share	$1.74	$3.14	$4.11	$4.33	$3.93	$4.14	$3.96	$4.29	$4.53	$4.22	$4.32	$5.06	$4.65	$4.06	$4.18	$4.31	$4.50	$4.64	$4.76	$4.77	$4.54
FCF/Share	$0.34	$1.20	$1.84	$1.76	$2.29	$-7.29	$-6.48	$-6.33	$-6.68	$1.37	$1.45	$1.54	$2.05	$2.26	$2.15	$2.35	$2.30	$1.81	$1.93	$0.24	$1.76
OCF/Share	$0.34	$1.20	$1.84	$1.76	$2.29	$2.82	$2.38	$2.61	$2.76	$1.79	$1.87	$2.02	$2.05	$2.26	$2.15	$2.35	$2.49	$2.00	$2.12	$1.98	$1.76
Cash/Share	$2.51	$2.81	$2.71	$2.53	$2.08	$3.09	$2.04	$2.01	$2.01	$1.92	$1.63	$1.81	$2.00	$1.59	$1.52	$1.32	$1.36	$1.48	$1.62	$1.76	$1.38
EBITDA/Share	$1.75	$2.34	$2.77	$3.31	$2.00	$2.23	$1.99	$2.37	$2.61	$2.54	$3.03	$3.47	$3.28	$2.74	$1.40	$0.75	$0.74	$2.63	$4.07	$4.50	$4.50
Debt/Share	$13.00	$16.08	$16.82	$19.06	$17.22	$22.91	$20.51	$24.12	$24.90	$19.56	$21.37	$21.79	$21.39	$17.41	$19.62	$18.99	$18.95	$20.10	$19.98	$20.43	$20.43
Net Debt/Share	$10.48	$13.27	$14.11	$16.53	$15.14	$19.82	$18.47	$22.11	$22.89	$17.64	$19.74	$19.97	$19.39	$15.82	$18.10	$17.67	$17.59	$18.62	$18.36	$18.67	$18.67

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 Z-Score	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	1.026
Altman Z-Prime	snapshot only																				1.818
Piotroski F-Score	3	3	4	7	5	5	3	4	4	7	7	6	7	6	6	5	4	5	7	7	7
Beneish M-Score	—	—	—	-2.19	-2.38	-2.98	-2.36	-2.35	1.84	-2.01	3.07	1.38	-1.77	-2.25	-2.24	-2.09	-2.78	-3.99	-2.80	-3.39	-3.390
Ohlson O-Score	snapshot only																				-7.474
ROIC (Greenblatt)	snapshot only																				6.02%
Net-Net WC	snapshot only																				$-20.69
EVA	snapshot only																				$-69735424.02

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	44.35	50.65	48.85	50.30	46.05	31.90	29.40	33.70	29.25	32.05	32.60	32.60	44.40	39.55	33.45	31.40	31.40	32.05	41.00	42.15	42.150
Credit Grade	snapshot only																				12
Credit Trend	snapshot only																				10.750
Implied Spread (bps)	snapshot only																				475.000

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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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