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FFBC NASDAQ

First Financial Bancorp.
1W: +2.2% 1M: +1.9% 3M: -3.8% YTD: +30.8% 1Y: +36.4% 3Y: +85.8% 5Y: +63.6%
$32.54
-0.13 (-0.40%)
 
Weekly Expected Move ±2.7%
$31 $32 $33 $34 $34
NASDAQ · Financial Services · Banks - Regional · Tech Score Buy · Power 63 · $3.4B mcap · 104M float · 0.922% 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.

NARROW EDGE
56.9 / 100
NoneWeakNarrowWide
Primary source: Network Effects  ·  ROIC: -14.8%
Cost Advantage
58
Intangibles
61
Switching Cost
59
Network Effect
67
Scale
35
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. FFBC has a Narrow competitive edge (56.9/100) — meaningful but not impregnable advantages over competitors. The primary source of advantage is Network Effects. Negative ROIC of -14.8% indicates the company is currently destroying value, though this may reflect a growth investment phase.

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
$0
Low
$37
Avg Target
$37
High
Based on 8 analyst ratings (12 mo)
Analyst Recommendations
Strong Buy: 0Buy: 7Hold: 11Sell: 1Strong Sell: 0
Rating Summary
ConsensusHold
Avg Target$37.00
Analysts1
Price Target Change History
DateFirmAnalystOldNewChangeUpside @ CallStock@Call
2026-09-24 Truist Financial — $35 $37 +2 +17.3% $31.55
2026-07-10 Truist Financial Brian Foran $30 $35 +5 +2.0% $34.31
2026-07-01 Raymond James — $34 $36 +2 +6.4% $33.83
2026-04-27 Raymond James Daniel Tamayo $28 $34 +6 +10.6% $30.75
2026-04-27 RBC Capital — $30 $32 +2 +4.6% $30.58
2026-03-27 Stephens Brandon Rud Initiated $33 — +21.1% $27.25
2026-02-02 Truist Financial Brian Foran $29 $30 +1 +1.9% $29.45
2026-01-30 RBC Capital Jon Arfstrom $25 $30 +5 +4.2% $28.80
2025-10-27 Raymond James Daniel Tamayo $30 $28 -2 +15.6% $24.23
2025-10-07 Raymond James — Initiated $30 — +15.3% $26.01
2025-10-03 Truist Financial — Initiated $29 — +13.8% $25.49
2024-07-09 RBC Capital Jon Arfstrom Initiated $25 — +14.9% $21.76

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
4
ROE
3
ROA
4
D/E
3
P/E
3
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. FFBC receives an overall rating of A-. Strongest factors: DCF (4/5), ROA (4/5).
Rating Change History
DateFromTo
2026-10-12 A A-
2026-10-01 B+ A
2026-08-18 A- B+
2026-08-03 B+ A-
2026-07-22 A- B+
2026-04-27 C A-
2026-04-23 A- C
2026-04-02 A A-
2026-04-01 A- A
2026-02-23 B+ A-

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.

★ ★ ★ ★ ★ 65 Grade A+
Profitability
67
Balance Sheet
56
Earnings Quality
95
Growth
59
Value
82
Momentum
87
Safety
90
Cash Flow
94
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. FFBC scores highest in Earnings Quality (95/100) and lowest in Balance Sheet (56/100). An overall grade of A+ places FFBC 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
3.78
Safe Zone
Piotroski F-Score
6/9
✓ ✓ ✓ ✓ ✓ ✓ ✗ ✗ ✗
Beneish M-Score
-3.54
Unlikely Manipulator
Ohlson O-Score
-4.99
Bankruptcy prob: 0.7%
Low Risk
Credit Rating
AA+
Score: 91.4/100
Trend: Improving
Earnings Quality
100/100
OCF/NI: 2.78x
Accruals: -2.5%
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. FFBC scores 3.78, 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. FFBC 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. FFBC's score of -3.54 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. FFBC's implied 0.7% 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. FFBC receives an estimated rating of AA+ (score: 91.4/100), 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). FFBC'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
11.26x
PEG
1.92x
P/S
2.63x
P/B
1.14x
P/FCF
4.60x
P/OCF
4.47x
EV/EBITDA
-3.37x
EV/Revenue
-1.03x
EV/EBIT
-3.85x
EV/FCF
-1.79x
Earnings Yield
8.06%
FCF Yield
21.73%
Shareholder Yield
2.85%
Graham Number
$41.85
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 11.3x earnings, FFBC trades at a reasonable valuation. An earnings yield of 8.1% exceeds typical risk-free rates, suggesting equities are being compensated for risk. Graham's intrinsic value formula yields $41.85 per share, suggesting a potential 29% 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
0.797
NI / EBT
×
Interest Burden
1.000
EBT / EBIT
×
EBIT Margin
0.269
EBIT / Rev
×
Asset Turnover
0.065
Rev / Assets
×
Equity Multiplier
7.407
Assets / Equity
=
ROE
10.3%
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. FFBC's ROE of 10.3% is driven by financial leverage (equity multiplier: 7.41x). 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
9.39%
Fair P/E
27.27x
Intrinsic Value
$74.36
Price/Value
0.45x
Margin of Safety
54.50%
Premium
-54.50%
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 FFBC's realized 9.4% 3-year EPS CAGR, capped at 15% — demonstrated performance rather than forecasts, held to a rate companies have historically sustained. FFBC trades at a -55% premium to its adjusted intrinsic value of $74.36, suggesting the market is pricing in future growth beyond what historical earnings support. The adjusted fair P/E of 27.3x compares to the current market P/E of 11.3x.

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
$32.54
Median 1Y
$32.89
5th Pctile
$17.38
95th Pctile
$62.27
Ann. Volatility
38.4%
Analyst Target
$37.00
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
Archie M. Brown
Chief Executive Officer
$893,010 $1,294,888 $3,279,532
James M. Anderson
Chief Financial Officer
$560,300 $476,298 $1,584,243
Richard S. Dennen
Chief Corporate Banking Officer
$555,600 $416,728 $1,504,568
Karen B. Woods
General Counsel and Chief Administrative Officer
$450,000 $337,544 $1,213,907
Amanda M. Neeley
Chief Consumer Banking & Strategy Officer
$450,000 $337,544 $1,189,894

CEO Pay Ratio

19:1
CEO-to-Employee Pay Ratio
CEO Total Comp: $3,279,532
Avg Employee Cost (SGA/emp): $170,170
Employees: 2,199

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
2,199
+5.2% YoY
Revenue / Employee
$572,688
Rev: $1,259,342,000
Profit / Employee
$116,237
NI: $255,605,000
SGA / Employee
$170,170
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 9.2% 9.0% 9.1% 9.2% 9.2% 10.1% 11.6% 12.4% 13.0% 11.9% 10.7% 10.3% 9.6% 9.7% 9.6% 9.8% 10.2% 9.8% 10.2% 10.3% 10.29%
ROA 1.3% 1.3% 1.2% 1.2% 1.2% 1.3% 1.5% 1.6% 1.6% 1.5% 1.4% 1.3% 1.3% 1.3% 1.3% 1.3% 1.4% 1.3% 1.4% 1.4% 1.39%
ROIC -12.8% -12.2% -11.6% -19.8% -35.2% -65.9% -1.2% -1.0% -98.3% -53.6% -76.4% -1.9% -54.9% 1.3% 88.9% 2.2% -36.2% -1.3% 7.5% -14.8% -14.79%
ROCE 9.4% 9.1% 9.3% 9.8% 9.2% 10.1% 11.3% 11.9% 13.2% 9.9% 8.9% 8.6% 8.1% 7.7% 7.8% 7.9% 8.8% 8.0% 1.6% 10.8% 10.77%
Gross Margin 1.0% 1.0% 98.9% 95.3% 87.1% 82.9% 77.4% 72.8% 69.4% 66.8% 64.1% 63.1% 63.0% 66.8% 65.8% 69.0% 69.5% 69.3% 72.2% 67.7% 67.74%
Operating Margin 41.0% 33.4% 32.7% 36.7% 23.8% 32.3% 33.2% 29.3% 27.1% 25.0% 21.5% 23.8% 21.4% 20.8% 21.8% 28.0% 28.0% 24.0% 25.7% 30.1% 30.06%
Net Margin 36.7% 28.7% 26.6% 29.3% 28.2% 28.1% 26.7% 23.7% 21.8% 19.9% 17.6% 19.4% 17.3% 20.2% 17.6% 22.3% 22.2% 18.9% 20.4% 24.3% 24.34%
EBITDA Margin 45.9% 38.2% 37.9% 41.2% 27.7% 38.4% 36.0% 32.0% 29.8% 30.3% 24.1% 26.3% 24.0% 25.7% 24.3% 30.3% 30.3% 29.3% 29.4% 34.0% 33.96%
FCF Margin 62.0% 57.1% 57.3% 65.7% 38.4% 23.3% 23.5% 19.2% 34.2% 36.0% 22.7% 19.0% 18.7% 19.7% 21.8% 21.9% 22.6% 26.2% 61.0% 57.7% 57.73%
OCF Margin 64.0% 59.5% 59.7% 68.3% 40.5% 25.9% 25.9% 21.7% 36.9% 43.7% 30.5% 26.2% 25.6% 21.4% 23.3% 23.4% 23.2% 26.8% 62.4% 59.5% 59.46%
ROE 3Y Avg snapshot only 9.61%
ROE 5Y Avg snapshot only 10.13%
ROA 3Y Avg snapshot only 1.27%
ROIC Economic snapshot only 7.29%
Cash ROA snapshot only 3.53%
NOPAT Margin snapshot only 21.41%
Pretax Margin snapshot only 26.86%
R&D / Revenue snapshot only 0.00%
SGA / Revenue snapshot only 31.38%
SBC / Revenue snapshot only 1.12%
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 9.11 9.50 9.39 7.98 8.99 9.37 7.50 6.76 6.37 8.18 8.46 8.68 10.42 10.80 10.10 9.55 9.27 9.37 10.46 12.41 11.260
P/S Ratio 2.76 2.98 2.89 2.42 2.54 2.63 2.09 1.79 1.59 1.88 1.75 1.71 1.93 2.02 1.88 1.85 1.91 1.90 2.19 2.66 2.632
P/B Ratio 0.84 0.86 0.87 0.77 0.88 1.00 0.87 0.82 0.80 0.92 0.87 0.86 0.94 1.01 0.93 0.89 0.91 0.87 0.99 1.18 1.138
P/FCF 4.45 5.21 5.05 3.69 6.60 11.31 8.93 9.34 4.64 5.21 7.73 8.96 10.33 10.25 8.63 8.48 8.47 7.26 3.59 4.60 4.601
P/OCF 4.31 5.01 4.84 3.54 6.26 10.15 8.07 8.23 4.30 4.30 5.76 6.52 7.56 9.42 8.09 7.91 8.26 7.09 3.51 4.47 4.467
EV/EBITDA -7.23 -7.28 -7.45 -5.52 -3.19 -1.19 -1.51 -1.90 -1.91 -1.83 -1.81 -1.37 -1.78 0.68 0.24 -0.54 -2.74 -1.57 9.26 -3.37 -3.367
EV/Revenue -2.89 -3.04 -3.06 -2.25 -1.15 -0.43 -0.54 -0.64 -0.65 -0.58 -0.53 -0.38 -0.46 0.17 0.06 -0.14 -0.76 -0.45 2.76 -1.03 -1.033
EV/EBIT -8.21 -8.25 -8.47 -6.26 -3.66 -1.38 -1.72 -2.14 -2.13 -2.05 -2.04 -1.55 -2.03 0.78 0.27 -0.61 -3.08 -1.76 10.47 -3.85 -3.845
EV/FCF -4.66 -5.31 -5.35 -3.43 -2.98 -1.85 -2.31 -3.36 -1.89 -1.63 -2.31 -1.99 -2.48 0.87 0.28 -0.65 -3.36 -1.72 4.52 -1.79 -1.789
Earnings Yield 11.0% 10.5% 10.7% 12.5% 11.1% 10.7% 13.3% 14.8% 15.7% 12.2% 11.8% 11.5% 9.6% 9.3% 9.9% 10.5% 10.8% 10.7% 9.6% 8.1% 8.06%
FCF Yield 22.5% 19.2% 19.8% 27.1% 15.2% 8.8% 11.2% 10.7% 21.6% 19.2% 12.9% 11.2% 9.7% 9.8% 11.6% 11.8% 11.8% 13.8% 27.9% 21.7% 21.73%
PEG Ratio snapshot only 1.921
Price/Tangible Book snapshot only 2.027
EV/OCF snapshot only -1.737
EV/Gross Profit snapshot only -1.480
Acquirers Multiple snapshot only -3.845
Shareholder Yield snapshot only 2.85%
Graham Number snapshot only $41.85
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 0.35 0.34 0.32 0.30 0.29 0.29 0.30 0.28 0.31 0.30 0.30 0.31 0.26 0.26 0.27 0.32 0.28 0.31 0.38 0.379
Quick Ratio 0.33 0.35 0.34 0.32 0.30 0.29 0.29 0.30 0.28 0.31 0.30 0.30 0.31 0.26 0.26 0.27 0.32 0.28 0.31 0.38 0.379
Debt/Equity 0.22 0.31 0.26 0.61 0.76 0.80 0.74 0.73 0.62 0.57 0.53 0.65 0.47 0.45 0.46 0.40 0.31 0.43 0.32 0.32 0.319
Net Debt/Equity -1.72 -1.74 -1.80 -1.49 -1.28 -1.16 -1.10 -1.12 -1.13 -1.21 -1.14 -1.05 -1.16 -0.93 -0.90 -0.96 -1.27 -1.07 0.26 -1.65 -1.645
Debt/Assets 0.03 0.04 0.04 0.08 0.09 0.10 0.09 0.09 0.08 0.07 0.07 0.08 0.06 0.06 0.06 0.06 0.04 0.06 0.04 0.04 0.042
Debt/EBITDA 1.84 2.59 2.12 4.67 6.10 5.82 4.92 4.67 3.61 3.60 3.65 4.68 3.72 3.60 3.71 3.21 2.36 3.29 2.34 2.33 2.331
Net Debt/EBITDA -14.12 -14.42 -14.48 -11.45 -10.26 -8.45 -7.35 -7.19 -6.59 -7.70 -7.86 -7.56 -9.18 -7.37 -7.27 -7.63 -9.65 -8.20 1.91 -12.03 -12.029
Interest Coverage 6.74 7.75 7.84 7.61 5.30 3.67 2.59 1.81 1.47 1.16 0.92 0.81 0.72 0.69 0.69 0.75 0.85 0.89 0.97 0.98 0.982
Equity Multiplier 7.14 7.23 7.49 7.85 8.34 8.33 7.98 7.97 8.01 7.73 7.70 7.81 7.41 7.62 7.38 7.28 7.05 7.63 7.74 7.51 7.512
Cash Ratio snapshot only 0.307
Debt Service Coverage snapshot only 1.121
Cash to Debt snapshot only 6.160
FCF to Debt snapshot only 0.807
Defensive Interval snapshot only 3747.0 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 0.06 0.06 0.06 0.07 0.07 0.07 0.07 0.07 0.07 0.07 0.06 0.06 0.06 0.065
Inventory Turnover — — — — — — — — — — — — — — — — — — — — —
Receivables Turnover 9.65 7.17 6.76 6.17 5.70 4.53 4.42 3.88 3.74 3.21 3.02 2.67 2.45 2.34 2.36 2.25 2.17 2.13 4.16 4.65 4.648
Payables Turnover 0.07 0.03 0.00 0.01 0.05 0.14 0.25 0.33 0.36 1.02 1.25 1.35 1.23 — — — — — — — —
DSO 38 51 54 59 64 81 83 94 98 114 121 137 149 156 155 162 168 171 88 79 78.5 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 5284 14181 93894 30814 6880 2633 1433 1116 1009 359 291 270 298 0 0 0 0 0 0 0 —
Cash Conversion Cycle -5246 -14131 -93840 -30754 -6816 -2552 -1351 -1022 -912 -246 -170 -133 -148 156 155 162 168 171 88 79 —
Fixed Asset Turnover snapshot only 5.799
Cash Velocity snapshot only 0.227
Capital Intensity snapshot only 16.842
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 -3.4% -8.3% -7.9% -5.3% 1.4% 18.3% 36.6% 49.7% 55.4% 44.0% 28.8% 19.4% 10.6% 9.9% 8.0% 4.6% 5.1% 2.7% 8.3% 8.3% 8.35%
Net Income 32.2% 31.7% 14.1% 6.3% -5.4% 6.1% 23.9% 30.6% 37.2% 17.6% -4.3% -11.3% -17.7% -10.6% -2.8% 3.2% 17.0% 11.7% 21.5% 19.5% 19.53%
EPS 36.2% 37.7% 18.3% 9.1% -5.0% 4.9% 23.0% 29.6% 36.7% 17.2% -4.5% -11.6% -18.0% -10.9% -3.2% 2.9% 16.6% 11.4% 10.9% 9.4% 9.39%
FCF 26.7% 3.0% 0.2% 16.8% -37.1% -51.8% -44.0% -56.3% 38.4% 1.2% 24.7% 18.7% -39.5% -39.9% 3.9% 20.0% 27.0% 36.8% 2.0% 1.9% 1.86%
EBITDA 23.0% 25.4% 10.5% 3.9% -8.9% 2.7% 19.2% 23.9% 46.6% 27.0% 4.2% -2.7% -14.7% -13.9% -6.6% -0.9% 11.6% 17.7% 28.7% 27.2% 27.22%
Op. Income 27.2% 30.7% 12.7% 5.8% -9.7% 0.3% 19.2% 24.7% 50.6% 31.8% 5.0% -3.1% -16.5% -15.8% -7.7% -1.1% 13.3% 19.7% 30.0% 26.3% 26.32%
OCF Growth snapshot only 1.75%
Asset Growth snapshot only 20.42%
Equity Growth snapshot only 16.77%
Debt Growth snapshot only -7.49%
Shares Change snapshot only 9.27%
Dividend Growth snapshot only 0.55%
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 6.3% 0.6% -3.3% -3.3% -2.1% 1.6% 6.3% 11.1% 15.0% 16.0% 17.5% 19.2% 20.3% 23.2% 23.9% 23.2% 21.8% 17.6% 14.7% 10.6% 10.60%
Revenue 5Y 13.1% 11.7% 11.1% 11.3% 11.7% 13.6% 16.0% 14.6% 13.6% 11.6% 9.7% 10.0% 10.0% 10.6% 10.8% 11.4% 12.1% 12.0% 13.7% 13.9% 13.90%
EPS 3Y 14.5% 7.7% 3.4% 0.7% -0.0% 4.8% 12.2% 17.5% 21.0% 19.2% 11.6% 7.7% 2.1% 3.1% 4.4% 5.6% 9.3% 5.2% 0.8% -0.2% -0.18%
EPS 5Y 9.6% 8.7% 7.1% 7.1% 6.1% 8.1% 9.4% 18.3% 14.3% 8.9% 5.4% 3.2% 2.3% 3.7% 5.5% 8.1% 11.1% 10.9% 8.3% 7.1% 7.07%
Net Income 3Y 13.2% 5.9% 2.0% -0.7% -1.5% 3.2% 10.9% 16.4% 19.8% 18.0% 10.6% 7.2% 2.2% 3.7% 4.8% 6.1% 9.7% 5.5% 4.2% 3.0% 3.02%
Net Income 5Y 19.4% 18.3% 16.4% 16.4% 15.5% 17.6% 19.1% 17.5% 13.5% 8.2% 4.7% 2.5% 1.5% 2.9% 4.9% 7.6% 10.6% 10.4% 9.8% 8.7% 8.69%
EBITDA 3Y 15.0% 4.6% 0.8% -1.2% -3.7% 1.2% 8.0% 13.0% 18.0% 17.8% 11.1% 7.8% 4.5% 4.0% 5.1% 6.1% 11.7% 8.8% 7.8% 7.0% 7.05%
EBITDA 5Y 14.5% 13.7% 12.3% 12.5% 10.4% 16.8% 19.2% 17.7% 15.2% 8.4% 5.0% 3.1% 2.2% 2.5% 4.2% 6.8% 9.4% 10.6% 10.5% 9.6% 9.58%
Gross Profit 3Y 10.3% 6.1% 3.5% 3.7% 4.0% 6.0% 9.1% 11.8% 13.3% 11.5% 8.9% 7.2% 5.7% 7.1% 7.2% 7.7% 8.9% 7.3% 7.6% 5.9% 5.92%
Gross Profit 5Y 14.5% 14.1% 13.8% 13.9% 13.7% 14.4% 15.7% 13.0% 10.9% 8.2% 6.0% 5.8% 5.5% 6.1% 6.7% 7.8% 8.7% 8.4% 9.2% 8.1% 8.15%
Op. Income 3Y 14.8% 4.0% 0.3% -2.0% -4.8% -0.2% 7.9% 13.7% 20.1% 20.0% 12.1% 8.6% 4.4% 3.7% 4.9% 6.2% 12.5% 9.9% 8.0% 6.6% 6.60%
Op. Income 5Y 13.9% 13.0% 11.5% 11.7% 9.3% 15.8% 18.5% 17.6% 15.5% 8.3% 4.8% 2.6% 1.6% 2.0% 4.0% 7.1% 10.4% 11.7% 11.1% 9.8% 9.84%
FCF 3Y 31.6% 15.4% 16.8% 30.6% 14.6% 2.9% — 71.4% 1.9% 62.6% -11.3% -15.4% -19.3% -13.6% -10.2% -14.6% 2.0% 22.3% 57.7% 59.7% 59.74%
FCF 5Y 32.4% 23.6% 19.4% 28.0% 12.7% 9.5% 9.2% 1.2% 14.7% 10.5% 2.1% 2.9% 4.7% 7.8% — 48.3% 79.3% 28.7% 17.1% 15.8% 15.77%
OCF 3Y 29.1% 14.2% 16.1% 29.6% 12.9% 2.5% 1.2% 52.5% 1.3% 64.3% -3.3% -6.9% -11.4% -12.4% -9.5% -13.8% 1.1% 18.9% 53.6% 54.7% 54.66%
OCF 5Y 31.4% 22.8% 19.2% 27.2% 12.7% 10.6% 10.1% 2.0% 14.4% 13.3% 7.0% 8.3% 9.3% 7.1% 66.9% 36.7% 53.2% 25.2% 16.7% 15.7% 15.72%
Assets 3Y 4.9% 5.3% 4.4% 4.0% 4.7% 5.4% 4.0% 2.5% 2.3% 3.2% 2.9% 4.2% 4.4% 4.4% 4.9% 4.7% 3.7% 7.5% 10.4% 9.5% 9.50%
Assets 5Y 13.8% 14.1% 13.4% 13.3% 13.7% 13.8% 13.7% 4.2% 4.3% 4.6% 4.6% 4.7% 4.6% 5.1% 4.2% 3.3% 3.1% 5.8% 7.1% 6.9% 6.95%
Equity 3Y 3.2% 2.8% 0.1% -1.9% -4.1% -3.2% -0.9% -1.2% -1.8% -0.2% 0.4% 0.8% 3.1% 2.6% 5.4% 7.3% 9.7% 10.7% 11.5% 11.7% 11.70%
Book Value 3Y 4.4% 4.5% 1.6% -0.4% -2.7% -1.7% 0.3% -0.2% -0.8% 0.8% 1.3% 1.4% 3.0% 2.0% 4.9% 6.9% 9.3% 10.3% 8.0% 8.2% 8.23%
Dividend 3Y 0.5% 0.7% 0.6% 0.5% 0.8% 1.2% 1.0% 1.1% 1.2% 1.2% 1.0% 0.9% 0.5% 0.3% 1.0% 1.1% 1.3% 1.5% -0.8% -0.0% -0.02%
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 0.76 0.62 0.47 0.48 0.53 0.64 0.71 0.69 0.63 0.58 0.54 0.57 0.61 0.68 0.75 0.79 0.82 0.88 0.97 0.97 0.974
Earnings Stability 0.77 0.71 0.73 0.67 0.62 0.64 0.73 0.67 0.62 0.64 0.67 0.48 0.36 0.55 0.70 0.70 0.65 0.76 0.77 0.70 0.704
Margin Stability 0.92 0.91 0.90 0.90 0.91 0.91 0.91 0.90 0.90 0.88 0.87 0.85 0.84 0.83 0.82 0.83 0.84 0.86 0.87 0.86 0.858
Rev. Growth Consistency 0.00 0.00 0.00 0.00 0.50 0.50 0.50 0.50 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.000
Earn. Growth Consistency 0.50 0.50 0.50 1.00 0.00 1.00 1.00 1.00 0.50 1.00 0.00 0.00 0.00 0.00 0.00 0.50 0.50 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 0.87 0.87 0.94 0.97 0.98 0.98 0.90 0.88 0.85 0.93 0.98 0.95 0.93 0.96 0.99 0.99 0.93 0.95 0.91 0.92 0.922
Earnings Smoothness 0.72 0.73 0.87 0.94 0.94 0.94 0.79 0.73 0.69 0.84 0.96 0.88 0.81 0.89 0.97 0.97 0.84 0.89 0.81 0.82 0.822
ROE Trend 0.01 0.01 0.01 0.02 0.02 0.03 0.03 0.03 0.03 0.01 -0.00 -0.01 -0.02 -0.02 -0.02 -0.02 -0.01 -0.01 -0.00 -0.00 -0.001
Gross Margin Trend 0.16 0.18 0.18 0.15 0.08 0.01 -0.08 -0.15 -0.19 -0.23 -0.24 -0.23 -0.21 -0.16 -0.12 -0.06 -0.02 0.01 0.04 0.04 0.038
FCF Margin Trend 0.49 0.39 0.31 0.36 0.06 -0.12 -0.32 -0.40 -0.16 -0.04 -0.18 -0.23 -0.18 -0.10 -0.01 0.03 -0.04 -0.02 0.39 0.37 0.373
Sustainable Growth Rate 5.3% 5.2% 5.1% 5.2% 5.2% 6.1% 7.5% 8.3% 8.8% 7.8% 6.8% 6.4% 5.8% 5.9% 5.8% 6.0% 6.5% 6.2% 6.7% 6.6% 6.65%
Internal Growth Rate 0.7% 0.7% 0.7% 0.7% 0.7% 0.8% 1.0% 1.1% 1.1% 1.0% 0.9% 0.8% 0.8% 0.8% 0.8% 0.8% 0.9% 0.8% 0.9% 0.9% 0.91%
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 2.11 1.90 1.94 2.25 1.44 0.92 0.93 0.82 1.48 1.90 1.47 1.33 1.38 1.15 1.25 1.21 1.12 1.32 2.98 2.78 2.778
FCF/OCF 0.97 0.96 0.96 0.96 0.95 0.90 0.90 0.88 0.93 0.82 0.75 0.73 0.73 0.92 0.94 0.93 0.98 0.98 0.98 0.97 0.971
FCF/Net Income snapshot only 2.697
OCF/EBITDA snapshot only 1.939
CapEx/Revenue 2.0% 2.3% 2.4% 2.6% 2.1% 2.7% 2.5% 2.6% 2.7% 7.7% 7.8% 7.1% 6.9% 1.7% 1.4% 1.6% 0.6% 0.6% 1.3% 1.7% 1.74%
CapEx/Depreciation snapshot only 0.455
Accruals Ratio -0.01 -0.01 -0.01 -0.02 -0.01 0.00 0.00 0.00 -0.01 -0.01 -0.01 -0.00 -0.00 -0.00 -0.00 -0.00 -0.00 -0.00 -0.03 -0.02 -0.025
Sloan Accruals snapshot only -0.045
Cash Flow Adequacy snapshot only 6.385
Earnings Quality Score snapshot only 1.000
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 4.7% 4.5% 4.7% 5.4% 4.9% 4.2% 4.7% 4.9% 5.1% 4.2% 4.4% 4.4% 3.8% 3.6% 3.9% 4.0% 3.9% 4.0% 3.3% 2.9% 3.10%
Dividend/Share $0.93 $0.93 $0.92 $0.92 $0.91 $0.91 $0.91 $0.91 $0.92 $0.92 $0.91 $0.92 $0.93 $0.94 $0.95 $0.96 $0.97 $0.99 $0.93 $0.96 $1.01
Payout Ratio 42.8% 42.6% 43.7% 43.3% 44.2% 39.8% 35.2% 33.3% 32.5% 34.1% 36.8% 37.9% 40.1% 39.1% 39.5% 38.5% 36.0% 37.0% 35.0% 35.4% 35.39%
FCF Payout Ratio 20.9% 23.3% 23.5% 20.0% 32.5% 48.1% 41.8% 46.0% 23.6% 21.7% 33.6% 39.1% 39.8% 37.1% 33.8% 34.2% 32.9% 28.7% 12.0% 13.1% 13.13%
Total Payout Ratio 95.1% 95.2% 89.0% 72.0% 44.2% 39.8% 35.2% 33.3% 32.5% 34.1% 36.8% 37.9% 40.1% 39.1% 39.5% 38.5% 36.0% 37.0% 35.0% 35.4% 35.39%
Div. Increase Streak 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 1 1 1 1 1 1
Chowder Number 0.03 0.02 0.02 0.03 0.03 0.03 0.04 0.05 0.06 0.05 0.05 0.05 0.06 0.06 0.08 0.09 0.09 0.10 0.11 0.13 0.127
Buyback Yield 5.7% 5.5% 4.8% 3.6% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.00%
Net Buyback Yield 5.7% 5.5% 4.8% 3.6% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.00%
Total Shareholder Return 10.4% 10.0% 9.5% 9.0% 4.9% 4.2% 4.7% 4.9% 5.1% 4.2% 4.4% 4.4% 3.8% 3.6% 3.9% 4.0% 3.9% 4.0% 3.3% 2.9% 2.85%
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) 0.86 0.85 0.85 0.84 0.90 0.90 0.89 0.88 0.82 0.80 0.81 0.81 0.81 0.85 0.85 0.84 0.84 0.80 0.79 0.80 0.797
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 0.35 0.37 0.36 0.36 0.31 0.31 0.32 0.30 0.30 0.29 0.26 0.24 0.23 0.22 0.22 0.23 0.25 0.26 0.26 0.27 0.269
Asset Turnover 0.04 0.04 0.04 0.04 0.04 0.05 0.05 0.06 0.06 0.06 0.07 0.07 0.07 0.07 0.07 0.07 0.07 0.06 0.06 0.06 0.065
Equity Multiplier 7.11 7.11 7.32 7.44 7.70 7.75 7.74 7.91 8.17 8.01 7.83 7.89 7.69 7.67 7.53 7.53 7.22 7.62 7.57 7.41 7.407
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) $2.17 $2.19 $2.11 $2.12 $2.06 $2.29 $2.60 $2.74 $2.82 $2.69 $2.48 $2.42 $2.31 $2.40 $2.40 $2.49 $2.70 $2.67 $2.66 $2.73 $2.73
Book Value/Share $23.50 $24.09 $22.68 $21.90 $21.04 $21.53 $22.34 $22.52 $22.39 $23.84 $24.03 $24.37 $25.66 $25.53 $26.18 $26.72 $27.49 $28.92 $28.11 $28.55 $28.60
Tangible Book/Share $13.05 $12.31 $11.16 $10.44 $9.49 $9.97 $10.79 $11.02 $10.90 $12.39 $12.54 $12.94 $14.26 $14.15 $14.83 $15.41 $16.19 $16.20 $16.20 $16.69 $16.69
Revenue/Share $7.18 $6.98 $6.86 $6.97 $7.30 $8.17 $9.31 $10.35 $11.31 $11.73 $11.96 $12.31 $12.46 $12.84 $12.88 $12.84 $13.06 $13.15 $12.73 $12.74 $12.88
FCF/Share $4.45 $3.99 $3.93 $4.57 $2.81 $1.90 $2.18 $1.98 $3.87 $4.22 $2.72 $2.35 $2.33 $2.52 $2.81 $2.81 $2.95 $3.44 $7.77 $7.35 $7.63
OCF/Share $4.59 $4.15 $4.10 $4.76 $2.96 $2.12 $2.41 $2.25 $4.18 $5.12 $3.64 $3.23 $3.19 $2.75 $3.00 $3.01 $3.03 $3.53 $7.94 $7.57 $7.86
Cash/Share $45.76 $49.52 $46.84 $45.86 $42.89 $42.24 $40.97 $41.53 $39.08 $42.33 $39.94 $41.57 $41.98 $35.23 $35.48 $36.36 $43.47 $43.35 $1.63 $56.09 $47.75
EBITDA/Share $2.87 $2.91 $2.82 $2.85 $2.62 $2.96 $3.34 $3.50 $3.83 $3.75 $3.47 $3.40 $3.25 $3.21 $3.23 $3.35 $3.62 $3.77 $3.80 $3.91 $3.91
Debt/Share $5.28 $7.53 $5.99 $13.28 $15.99 $17.23 $16.43 $16.35 $13.82 $13.48 $12.66 $15.90 $12.10 $11.55 $11.99 $10.75 $8.53 $12.42 $8.89 $9.11 $9.11
Net Debt/Share $-40.48 $-41.99 $-40.85 $-32.57 $-26.90 $-25.01 $-24.54 $-25.17 $-25.26 $-28.86 $-27.27 $-25.68 $-29.88 $-23.68 $-23.48 $-25.61 $-34.94 $-30.93 $7.26 $-46.98 $-46.98
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 — — — — — — — — — — — — — — — — — — — — 3.785
Altman Z-Prime snapshot only -2.948
Piotroski F-Score 8 7 7 6 4 4 4 4 6 7 6 6 6 6 6 7 8 7 7 6 6
Beneish M-Score -2.78 -2.09 -1.71 -1.50 -1.10 -1.42 -1.36 -1.20 -1.41 -1.66 -1.74 -2.01 -2.05 -2.22 -2.33 -2.42 -2.52 -2.44 -3.05 -3.54 -3.541
Ohlson O-Score snapshot only -4.988
Net-Net WC snapshot only $-116.63
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 AA+
Credit Score 88.11 87.32 88.78 83.13 63.46 68.81 69.08 72.68 74.87 86.46 72.74 71.44 72.34 69.56 69.22 70.05 87.25 68.08 78.60 91.41 91.406
Credit Grade snapshot only 2
Credit Trend snapshot only 21.355
Implied Spread (bps) snapshot only 65.000
Industry Credit Rank snapshot only 95
Sector Credit Rank snapshot only 87

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For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms