$43.65

+0.73 (+1.70%)

Weekly Expected Move ±2.5%

$41 $43 $44 $45 $46

NASDAQ · Financial Services · Banks - Regional · Tech Score Sell · Power 41 · $1.1B mcap · 16M float · 1.15% daily turnover · Short 54% of daily vol

Edge Score

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

WEAK EDGE

53.2 / 100

NoneWeakNarrowWide

Primary source: Cost Advantage · ROIC: 17.5% · 5Y Avg: 22.6%

Cost Advantage ★

Intangibles

Switching Cost

Network Effect

Scale

The Edge Score quantifies a company's competitive moat using five pillars: Cost Advantage (20%, operating margin and SG&A efficiency vs industry peers), Intangible Assets (25%, gross margin premium, R&D intensity, brand pricing power), Switching Costs (25%, revenue stability, earnings consistency, customer retention proxied by operating leverage), Network Effects (15%, revenue growth with expanding margins, market share dominance), and Efficient Scale (15%, market concentration, ROIC sustainability). Each pillar is scored 0–100 using industry percentile rankings, then weighted into a composite. Wide ≥ 70, Narrow ≥ 55, Weak ≥ 40, None < 40. FSBC shows a Weak competitive edge (53.2/100) — limited structural advantages that may face competitive pressure. The primary source of advantage is Cost Advantage. ROIC of 17.5% confirms the company is generating returns well above its cost of capital — a hallmark of durable competitive advantages.

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

$51

Low

$53

Avg Target

$55

High

Based on 2 analysts since Jul 22, 2026 earnings

Analyst Recommendations

Strong Buy: 0Buy: 2Hold: 2Sell: 0Strong Sell: 0

Rating Summary

ConsensusBuy

Avg Target$53.00

Analysts2

Price Target Change History

Date	Firm	Analyst	Old	New	Change	Upside @ Call	Stock@Call
2026-07-29	D.A. Davidson	Gary Tenner	$48	$55	+6	+14.7%	$47.96
2026-07-27	Stephens	—	$43	$51	+8	+8.2%	$47.15
2026-04-29	D.A. Davidson	—	$45	$48	+4	+18.4%	$40.97
2026-04-29	Stephens	—	$37	$43	+6	+6.7%	$40.31
2026-01-28	D.A. Davidson	—	$43	$45	+2	+16.3%	$38.69
2025-11-10	Stephens	—	$32	$37	+5	+7.9%	$34.28
2025-10-29	D.A. Davidson	Gary Tenner	$35	$43	+8	+14.8%	$37.46
2024-10-30	D.A. Davidson	Gary Tenner	$34	$35	+1	+16.3%	$30.10
2024-07-26	D.A. Davidson	Gary Tenner	Initiated	$34	—	+14.4%	$29.73
2024-07-26	Stephens	Andrew Terrell	Initiated	$32	—	+9.4%	$29.24

Financial Rating

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

Oct 02, 2026

DCF

ROE

ROA

D/E

P/E

P/B

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

Rating Change History

Date	From	To
2026-10-01	B	A
2026-08-14	B+	B
2026-08-12	B	B+
2026-07-23	B+	B
2026-07-16	A-	B+
2026-07-15	B+	A-
2026-07-14	A-	B+
2026-07-13	B+	A-
2026-05-04	A-	B+
2026-04-30	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.

★ ★ ★ ★ ★ 66 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. FSBC scores highest in Earnings Quality (96/100) and lowest in Balance Sheet (42/100). An overall grade of A+ places FSBC 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

1.93

Grey Zone

Piotroski F-Score

7/9

✓ ✓ ✓ ✓ ✓ ✗ ✗ ✓ ✓

Beneish M-Score

-2.27

Unlikely Manipulator

Ohlson O-Score

-1.19

Bankruptcy prob: 23.4%

Moderate

Credit Rating

A+

Score: 78.4/100

Trend: Stable

Earnings Quality

100/100

OCF/NI: 1.14x

Accruals: -0.2%

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. FSBC scores 1.93, 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. FSBC 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. FSBC's score of -2.27 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. FSBC's implied 23.4% bankruptcy probability is elevated and warrants attention to the balance sheet. 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. FSBC receives an estimated rating of A+ (score: 78.4/100), 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). FSBC'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

12.88x

PEG

0.34x

P/S

3.78x

P/B

1.96x

P/FCF

12.88x

P/OCF

12.65x

EV/EBITDA

9.86x

EV/Revenue

3.50x

EV/EBIT

10.11x

EV/FCF

12.10x

Earnings Yield

6.95%

FCF Yield

7.77%

Shareholder Yield

1.86%

Graham Number

$41.15

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 12.9x earnings, FSBC trades at a reasonable valuation. An earnings yield of 6.9% exceeds typical risk-free rates, suggesting equities are being compensated for risk. Graham's intrinsic value formula yields $41.15 per share, 6% below 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

0.747

NI / EBT

Interest Burden

1.000

EBT / EBIT

EBIT Margin

0.346

EBIT / Rev

Asset Turnover

0.057

Rev / Assets

Equity Multiplier

10.994

Assets / Equity

ROE

16.2%

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. FSBC's ROE of 16.2% is driven by financial leverage (equity multiplier: 10.99x). 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

4.51%

Fair P/E

17.52x

Intrinsic Value

$59.25

Price/Value

0.82x

Margin of Safety

17.82%

Premium

-17.82%

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 FSBC's realized 4.5% 3-year EPS CAGR, capped at 15% — demonstrated performance rather than forecasts, held to a rate companies have historically sustained. FSBC trades at a -18% premium to its adjusted intrinsic value of $59.25, suggesting the market is pricing in future growth beyond what historical earnings support. The adjusted fair P/E of 17.5x compares to the current market P/E of 12.9x.

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 1361 days of historical volatility. Percentile bands show the range of statistically plausible outcomes — this is a statistical model, not a forecast.

Current Price

$43.65

Median 1Y

$49.10

5th Pctile

$28.83

95th Pctile

$83.56

Ann. Volatility

32.0%

Analyst Target

$53.00

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

Executive	Salary	Stock	Total
James E. Beckwith President & CEO	$698,988	$439,963	$1,780,757
Don J. Kurtze EVP & SF Bay Area President	$308,867	$199,970	$820,918
Michael A. Rizzo EVP & CBO	$399,263	$199,970	$783,871

CEO Pay Ratio

10:1

CEO-to-Employee Pay Ratio

CEO Total Comp: $1,780,757

Avg Employee Cost (SGA/emp): $174,536

Employees: 233

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

233

+13.7% YoY

Revenue / Employee

$1,096,429

Rev: $255,467,999

Profit / Employee

$264,403

NI: $61,606,000

SGA / Employee

$174,536

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	9.2%	13.7%	18.2%	18.7%	18.4%	18.4%	19.6%	20.3%	19.6%	17.7%	16.3%	13.3%	13.0%	13.4%	13.8%	13.0%	13.9%	14.6%	15.5%	16.2%	16.17%
ROA	0.9%	1.3%	1.5%	1.6%	1.6%	1.5%	1.6%	1.6%	1.5%	1.4%	1.3%	1.2%	1.2%	1.2%	1.2%	1.3%	1.3%	1.4%	1.4%	1.5%	1.47%
ROIC	-4.7%	-9.9%	-10.8%	-54.3%	4.8%	99.9%	-3.7%	1.7%	6.1%	47.9%	22.9%	26.4%	38.6%	2.0%	-72.2%	-1.2%	-46.1%	-2.6%	-65.5%	17.5%	17.51%
ROCE	9.4%	13.9%	18.9%	16.4%	12.6%	14.6%	14.8%	15.8%	15.9%	11.8%	12.1%	12.6%	12.4%	13.1%	13.4%	14.1%	14.9%	1.8%	16.1%	16.7%	16.68%
Gross Margin	95.9%	90.0%	92.2%	86.5%	80.6%	75.4%	70.9%	63.6%	59.5%	57.6%	55.8%	56.4%	53.4%	56.8%	57.0%	57.1%	57.9%	60.0%	61.9%	61.6%	61.60%
Operating Margin	59.4%	52.8%	54.6%	50.9%	50.4%	48.6%	44.7%	37.9%	34.2%	31.7%	30.5%	30.1%	28.4%	32.8%	31.6%	32.4%	33.4%	33.9%	35.9%	35.2%	35.16%
Net Margin	49.2%	47.3%	39.8%	36.1%	35.7%	34.4%	31.8%	28.1%	23.9%	22.6%	21.7%	21.4%	20.4%	22.5%	22.6%	23.4%	24.6%	26.0%	26.7%	26.1%	26.14%
EBITDA Margin	60.0%	53.7%	56.3%	52.4%	51.6%	49.6%	45.7%	38.8%	35.1%	32.5%	31.4%	31.1%	29.2%	33.6%	32.4%	33.2%	32.0%	37.3%	36.7%	35.9%	35.92%
FCF Margin	36.5%	28.9%	24.7%	17.7%	28.2%	36.8%	30.4%	37.8%	34.1%	21.2%	20.1%	15.0%	15.7%	24.1%	30.0%	29.2%	28.2%	28.1%	28.1%	28.9%	28.93%
OCF Margin	37.1%	29.8%	25.6%	18.5%	28.9%	37.1%	30.7%	38.1%	34.4%	21.5%	20.4%	15.3%	16.0%	24.4%	30.3%	29.5%	28.5%	28.5%	28.6%	29.5%	29.45%
ROE 3Y Avg	snapshot only																				13.01%
ROE 5Y Avg	snapshot only																				15.20%
ROA 3Y Avg	snapshot only																				1.23%
ROIC 3Y Avg	snapshot only																				13.36%
ROIC Economic	snapshot only																				13.28%
Cash ROA	snapshot only																				1.52%
Cash ROIC	snapshot only																				19.92%
CROIC	snapshot only																				19.57%
NOPAT Margin	snapshot only																				25.88%
Pretax Margin	snapshot only																				34.63%
R&D / Revenue	snapshot only																				0.00%
SGA / Revenue	snapshot only																				17.39%
SBC / Revenue	snapshot only																				0.62%

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	17.42	14.26	10.36	9.70	10.31	9.53	7.00	7.00	6.42	8.90	8.18	11.06	14.16	13.63	12.04	11.56	11.90	12.36	11.96	14.40	12.876
P/S Ratio	8.38	6.82	4.73	4.14	4.05	3.45	2.40	2.25	1.88	2.35	1.96	2.47	3.04	2.93	2.62	2.57	2.77	2.99	3.02	3.73	3.781
P/B Ratio	1.60	1.95	1.88	1.75	1.85	1.69	1.29	1.32	1.18	1.49	1.26	1.26	1.57	1.57	1.43	1.44	1.58	1.71	1.75	2.19	1.956
P/FCF	22.96	23.58	19.17	23.44	14.38	9.38	7.88	5.96	5.51	11.11	9.75	16.54	19.42	12.17	8.73	8.80	9.82	10.67	10.74	12.88	12.878
P/OCF	22.59	22.87	18.50	22.43	14.04	9.29	7.79	5.91	5.46	10.92	9.62	16.18	19.00	12.02	8.65	8.72	9.73	10.49	10.56	12.65	12.648
EV/EBITDA	-12.85	-2.75	-3.64	1.79	3.63	3.39	0.91	1.61	0.78	3.50	4.25	4.17	5.34	3.73	1.52	1.84	1.56	3.40	2.61	9.86	9.857
EV/Revenue	-7.16	-1.51	-2.02	0.99	1.94	1.77	0.45	0.74	0.33	1.32	1.46	1.35	1.66	1.17	0.48	0.59	0.51	1.15	0.91	3.50	3.501
EV/EBIT	-13.00	-2.78	-3.71	1.83	3.73	3.48	0.93	1.64	0.80	3.59	4.36	4.29	5.50	3.84	1.56	1.89	1.57	3.49	2.68	10.11	10.109
EV/FCF	-19.60	-5.22	-8.16	5.61	6.88	4.81	1.47	1.95	0.96	6.24	7.24	9.04	10.57	4.86	1.60	2.03	1.82	4.09	3.23	12.10	12.102
Earnings Yield	5.7%	7.0%	9.7%	10.3%	9.7%	10.5%	14.3%	14.3%	15.6%	11.2%	12.2%	9.0%	7.1%	7.3%	8.3%	8.7%	8.4%	8.1%	8.4%	6.9%	6.95%
FCF Yield	4.4%	4.2%	5.2%	4.3%	7.0%	10.7%	12.7%	16.8%	18.1%	9.0%	10.3%	6.0%	5.1%	8.2%	11.5%	11.4%	10.2%	9.4%	9.3%	7.8%	7.77%
PEG Ratio	snapshot only																				0.336
Price/Tangible Book	snapshot only																				2.188
EV/OCF	snapshot only																				11.886
EV/Gross Profit	snapshot only																				5.797
Acquirers Multiple	snapshot only																				10.109
Shareholder Yield	snapshot only																				1.86%
Graham Number	snapshot only																				$41.15

Leverage & Solvency

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Current Ratio	0.33	0.26	0.27	0.17	0.18	0.14	0.17	0.16	0.16	0.15	0.10	0.09	0.11	0.13	0.15	0.14	0.16	22.99	0.14	0.03	0.028
Quick Ratio	0.33	0.26	0.27	0.17	0.18	0.14	0.17	0.16	0.16	0.15	0.10	0.09	0.11	0.13	0.15	0.14	0.16	22.99	0.14	0.03	0.028
Debt/Equity	0.13	0.12	0.14	0.40	0.88	0.70	0.76	0.66	0.62	0.87	0.69	0.21	0.21	0.20	0.20	0.20	0.20	0.22	0.19	0.16	0.156
Net Debt/Equity	-2.97	-2.38	-2.69	-1.33	-0.96	-0.82	-1.05	-0.89	-0.97	-0.65	-0.33	-0.57	-0.71	-0.94	-1.16	-1.11	-1.29	-1.05	-1.22	-0.13	-0.132
Debt/Assets	0.01	0.01	0.01	0.03	0.07	0.06	0.06	0.05	0.05	0.07	0.06	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.01	0.014
Debt/EBITDA	1.18	0.77	0.66	1.71	3.64	2.76	2.87	2.46	2.35	3.65	3.11	1.29	1.30	1.21	1.15	1.09	1.05	1.14	0.92	0.75	0.750
Net Debt/EBITDA	-27.90	-15.16	-12.20	-5.69	-3.96	-3.22	-3.94	-3.30	-3.70	-2.73	-1.47	-3.45	-4.47	-5.61	-6.76	-6.16	-6.90	-5.46	-6.05	-0.63	-0.632
Interest Coverage	12.33	12.89	13.10	12.51	7.59	4.23	2.71	1.83	1.34	1.05	0.86	0.78	0.73	0.74	0.76	0.78	0.83	0.86	0.92	0.96	0.964
Equity Multiplier	10.74	10.88	12.02	12.16	12.85	12.76	13.03	12.64	12.79	12.57	11.88	9.55	9.97	10.22	10.44	10.59	10.76	10.67	10.97	11.35	11.349
Cash Ratio	snapshot only																				0.028
Debt Service Coverage	snapshot only																				0.988
Cash to Debt	snapshot only																				1.842
FCF to Debt	snapshot only																				1.086
Defensive Interval	snapshot only																				695.4 days

Efficiency & Turnover

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Asset Turnover	0.02	0.03	0.03	0.04	0.04	0.04	0.05	0.05	0.05	0.05	0.05	0.05	0.05	0.06	0.06	0.06	0.06	0.06	0.06	0.06	0.057
Inventory Turnover	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Receivables Turnover	2.16	12.61	3.63	4.07	4.24	19.36	4.33	4.60	4.57	22.00	9.51	9.56	9.19	22.03	—	—	—	22.92	—	—	—
Payables Turnover	0.17	0.58	0.59	0.77	1.40	1.97	2.27	2.67	2.87	9.32	8.98	6.64	5.92	—	—	—	—	—	—	—	—
DSO	169	29	100	90	86	19	84	79	80	17	38	38	40	17	0	0	0	16	0	0	0.0 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	2092	627	623	474	260	186	161	137	127	39	41	55	62	0	0	0	0	0	0	0	—
Cash Conversion Cycle	-1923	-598	-523	-384	-174	-167	-76	-57	-47	-23	-2	-17	-22	17	0	0	0	16	0	0	—
Fixed Asset Turnover	snapshot only																				22.312
Cash Velocity	snapshot only																				2.038
Capital Intensity	snapshot only																				19.325

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	—	—	—	3.7%	1.5%	84.1%	52.7%	60.4%	57.3%	46.0%	34.1%	22.2%	17.2%	17.4%	17.5%	20.5%	22.3%	19.9%	20.2%	19.5%	19.45%
Net Income	—	—	—	3.3%	1.1%	39.3%	14.5%	20.7%	17.3%	6.5%	-6.0%	-15.0%	-14.1%	-4.3%	6.5%	19.9%	32.7%	34.9%	39.4%	38.8%	38.80%
EPS	—	—	—	2.7%	1.0%	39.0%	14.3%	20.6%	17.1%	6.5%	-6.4%	-30.7%	-30.4%	-22.5%	-13.4%	18.7%	32.4%	34.5%	39.2%	38.7%	38.67%
FCF	—	—	—	33.8%	94.1%	1.3%	87.9%	2.4%	90.3%	-15.9%	-11.1%	-51.6%	-46.2%	33.7%	75.0%	1.4%	1.2%	39.6%	12.7%	18.2%	18.17%
EBITDA	—	—	—	4.1%	1.4%	74.5%	36.5%	32.9%	23.6%	5.8%	-6.8%	-13.5%	-13.3%	-2.4%	8.1%	19.4%	29.2%	29.1%	32.4%	31.9%	31.87%
Op. Income	—	—	—	4.1%	1.4%	72.3%	35.6%	32.7%	23.8%	6.0%	-7.0%	-14.0%	-13.9%	-2.8%	8.0%	19.7%	32.4%	29.4%	32.6%	31.8%	31.83%
OCF Growth	snapshot only																				19.16%
Asset Growth	snapshot only																				21.83%
Equity Growth	snapshot only																				13.68%
Debt Growth	snapshot only																				-9.30%
Shares Change	snapshot only																				0.09%
Dividend Growth	snapshot only																				12.60%

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	—	—	—	—	—	—	—	—	—	—	—	1.1%	66.8%	46.7%	34.0%	33.2%	31.1%	27.1%	23.7%	20.7%	20.72%
Revenue 5Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	67.8%	67.77%
EPS 3Y	—	—	—	—	—	—	—	—	—	—	—	45.3%	18.6%	4.7%	-2.6%	-0.3%	2.6%	3.5%	4.1%	4.5%	4.51%
EPS 5Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	38.2%	38.24%
Net Income 3Y	—	—	—	—	—	—	—	—	—	—	—	63.9%	27.4%	12.4%	4.6%	7.2%	10.2%	11.2%	11.7%	12.3%	12.28%
Net Income 5Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	48.9%	48.93%
EBITDA 3Y	—	—	—	—	—	—	—	—	—	—	—	80.4%	37.2%	21.7%	11.2%	11.1%	11.5%	10.1%	10.1%	10.8%	10.82%
EBITDA 5Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	56.0%	56.00%
Gross Profit 3Y	—	—	—	—	—	—	—	—	—	—	—	77.1%	39.3%	23.3%	13.0%	13.4%	14.1%	13.0%	13.2%	13.9%	13.89%
Gross Profit 5Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	53.2%	53.18%
Op. Income 3Y	—	—	—	—	—	—	—	—	—	—	—	79.5%	36.4%	21.1%	10.9%	11.0%	12.2%	10.0%	10.0%	10.7%	10.73%
Op. Income 5Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	55.6%	55.61%
FCF 3Y	—	—	—	—	—	—	—	—	—	—	—	30.4%	25.7%	38.0%	43.0%	57.5%	31.2%	16.2%	20.6%	10.4%	10.44%
FCF 5Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	43.9%	43.92%
OCF 3Y	—	—	—	—	—	—	—	—	—	—	—	30.9%	26.0%	37.2%	41.7%	55.7%	30.6%	16.5%	20.8%	10.8%	10.79%
OCF 5Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	44.1%	44.15%
Assets 3Y	—	—	—	—	—	—	—	—	—	—	—	16.0%	16.9%	16.6%	15.2%	15.9%	14.7%	13.8%	14.0%	16.5%	16.48%
Assets 5Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	18.2%	18.23%
Equity 3Y	—	—	—	—	—	—	—	—	—	—	—	20.3%	19.8%	19.1%	20.7%	21.4%	21.7%	20.8%	20.7%	20.7%	20.74%
Book Value 3Y	—	—	—	—	—	—	—	—	—	—	—	6.7%	11.5%	10.8%	12.4%	12.9%	13.3%	12.5%	12.4%	12.4%	12.39%
Dividend 3Y	—	—	—	—	—	—	—	—	—	—	—	-3.2%	1.0%	0.4%	-0.1%	-2.0%	-3.7%	-5.3%	-4.9%	-3.1%	-3.13%

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	—	—	—	—	—	—	—	0.99	1.00	1.00	1.00	0.97	0.97	0.98	0.99	0.99	0.98	0.99	1.00	0.98	0.978
Earnings Stability	—	—	—	—	—	—	—	0.90	0.92	0.89	0.27	0.60	0.57	0.63	0.47	0.61	0.72	0.81	0.65	0.77	0.767
Margin Stability	—	—	—	—	—	—	—	0.86	0.82	0.80	0.78	0.78	0.76	0.76	0.76	0.76	0.79	0.81	0.84	0.76	0.761
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	0.50	0.50	0.50	1.00	1.00	1.00	0.00	0.00	0.00	0.00	0.50	0.50	0.50	0.50	1.00	1.00	1.000
FCF Positive Streak	0	0	0	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1
Earnings Persistence	—	—	—	—	—	—	—	0.92	0.93	0.97	0.98	0.94	0.94	0.98	0.97	0.92	0.87	0.86	0.84	0.84	0.845
Earnings Smoothness	—	—	—	0.00	0.31	0.67	0.87	0.81	0.84	0.94	0.94	0.84	0.85	0.96	0.94	0.82	0.72	0.70	0.67	0.68	0.675
ROE Trend	—	—	—	—	—	—	—	0.08	0.05	0.01	-0.03	-0.07	-0.07	-0.06	-0.05	-0.03	-0.01	-0.00	0.01	0.03	0.033
Gross Margin Trend	—	—	—	—	—	—	—	-0.21	-0.24	-0.25	-0.26	-0.24	-0.21	-0.17	-0.12	-0.08	-0.04	-0.01	0.02	0.04	0.037
FCF Margin Trend	—	—	—	—	—	—	—	-0.02	0.02	-0.12	-0.07	-0.13	-0.15	-0.05	0.05	0.03	0.03	0.05	0.03	0.07	0.068
Sustainable Growth Rate	-7.7%	-3.7%	-2.8%	11.9%	11.8%	12.1%	15.4%	15.8%	14.9%	12.9%	11.4%	8.8%	8.4%	8.6%	8.9%	8.7%	9.8%	10.6%	11.3%	11.9%	11.85%
Internal Growth Rate	—	—	—	1.1%	1.0%	1.0%	1.2%	1.3%	1.2%	1.0%	0.9%	0.8%	0.8%	0.8%	0.8%	0.9%	1.0%	1.0%	1.1%	1.1%	1.09%

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	0.77	0.62	0.56	0.43	0.73	1.03	0.90	1.18	1.18	0.82	0.85	0.68	0.75	1.13	1.39	1.33	1.22	1.18	1.13	1.14	1.138
FCF/OCF	0.98	0.97	0.96	0.96	0.98	0.99	0.99	0.99	0.99	0.98	0.99	0.98	0.98	0.99	0.99	0.99	0.99	0.98	0.98	0.98	0.982
FCF/Net Income	snapshot only																				1.118
OCF/EBITDA	snapshot only																				0.829
CapEx/Revenue	0.6%	0.9%	0.9%	0.8%	0.7%	0.4%	0.4%	0.3%	0.3%	0.4%	0.3%	0.3%	0.4%	0.3%	0.3%	0.3%	0.3%	0.5%	0.5%	0.5%	0.53%
CapEx/Depreciation	snapshot only																				0.594
Accruals Ratio	0.00	0.00	0.01	0.01	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	-0.002
Sloan Accruals	snapshot only																				-0.268
Cash Flow Adequacy	snapshot only																				3.960
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	10.6%	8.9%	11.1%	3.7%	3.5%	3.6%	3.1%	3.2%	3.7%	3.0%	3.7%	3.1%	2.5%	2.6%	2.9%	2.8%	2.5%	2.2%	2.3%	1.9%	2.18%
Dividend/Share	$2.24	$2.39	$2.82	$0.89	$0.89	$0.89	$0.60	$0.65	$0.70	$0.75	$0.80	$0.69	$0.73	$0.76	$0.80	$0.80	$0.80	$0.80	$0.85	$0.90	$0.95
Payout Ratio	1.8%	1.3%	1.2%	36.3%	35.7%	34.2%	21.5%	22.0%	24.1%	27.1%	30.5%	33.8%	35.8%	35.6%	35.4%	32.9%	29.8%	27.7%	27.1%	26.7%	26.71%
FCF Payout Ratio	2.4%	2.1%	2.1%	87.7%	49.8%	33.6%	24.2%	18.8%	20.7%	33.8%	36.4%	50.5%	49.1%	31.8%	25.7%	25.1%	24.6%	23.9%	24.3%	23.9%	23.89%
Total Payout Ratio	1.8%	1.3%	1.2%	36.3%	35.7%	34.2%	21.5%	22.0%	24.1%	27.1%	30.5%	33.8%	35.8%	35.6%	35.4%	32.9%	29.8%	27.7%	27.1%	26.7%	26.71%
Div. Increase Streak	0	0	0	0	0	0	0	0	0	0	0	0	0	0	1	1	1	1	1	1	1
Chowder Number	—	—	—	-0.54	-0.57	-0.59	-0.76	-0.24	-0.17	-0.12	0.37	0.33	0.30	0.28	0.27	0.20	0.13	0.07	0.09	0.15	0.146
Buyback Yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.00%
Net Buyback Yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	-16.9%	-13.2%	-13.0%	-14.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.00%
Total Shareholder Return	10.6%	8.9%	11.1%	3.7%	3.5%	3.6%	3.1%	3.2%	3.7%	3.0%	3.7%	-13.8%	-10.7%	-10.4%	-11.0%	2.8%	2.5%	2.2%	2.3%	1.9%	1.86%

DuPont Factors

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Tax Burden (NI/EBT)	0.87	0.88	0.84	0.79	0.76	0.71	0.71	0.72	0.71	0.72	0.72	0.71	0.71	0.71	0.71	0.71	0.72	0.74	0.74	0.75	0.747
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	0.55	0.54	0.54	0.54	0.52	0.51	0.48	0.45	0.41	0.37	0.33	0.32	0.30	0.31	0.31	0.31	0.33	0.33	0.34	0.35	0.346
Asset Turnover	0.02	0.03	0.03	0.04	0.04	0.04	0.05	0.05	0.05	0.05	0.05	0.05	0.05	0.06	0.06	0.06	0.06	0.06	0.06	0.06	0.057
Equity Multiplier	10.74	10.88	12.02	11.44	11.82	11.86	12.56	12.42	12.82	12.66	12.42	10.83	11.13	11.21	11.05	10.09	10.39	10.46	10.73	10.99	10.994

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)	$1.22	$1.88	$2.45	$2.46	$2.49	$2.61	$2.80	$2.96	$2.92	$2.78	$2.62	$2.05	$2.03	$2.15	$2.27	$2.44	$2.69	$2.89	$3.15	$3.38	$3.38
Book Value/Share	$13.24	$13.71	$13.46	$13.60	$13.94	$14.72	$15.16	$15.68	$15.94	$16.62	$16.94	$18.07	$18.36	$18.68	$19.12	$19.59	$20.27	$20.94	$21.54	$22.25	$22.31
Tangible Book/Share	$13.24	$13.58	$13.46	$13.60	$13.94	$14.72	$15.16	$15.68	$15.94	$16.62	$16.94	$18.07	$18.36	$18.68	$19.12	$19.59	$20.27	$20.94	$21.54	$22.25	$22.25
Revenue/Share	$2.53	$3.92	$5.36	$5.75	$6.35	$7.21	$8.17	$9.21	$9.97	$10.51	$10.90	$9.18	$9.46	$9.99	$10.41	$10.95	$11.54	$11.95	$12.50	$13.07	$13.11
FCF/Share	$0.92	$1.13	$1.32	$1.02	$1.79	$2.65	$2.48	$3.48	$3.40	$2.23	$2.20	$1.37	$1.48	$2.41	$3.12	$3.20	$3.26	$3.35	$3.51	$3.78	$3.79
OCF/Share	$0.94	$1.17	$1.37	$1.06	$1.83	$2.68	$2.51	$3.51	$3.43	$2.26	$2.23	$1.40	$1.51	$2.44	$3.15	$3.23	$3.29	$3.41	$3.57	$3.85	$3.86
Cash/Share	$40.99	$34.34	$38.12	$23.56	$25.74	$22.46	$27.49	$24.36	$25.28	$25.33	$17.15	$14.14	$16.92	$21.41	$26.05	$25.54	$30.07	$26.66	$30.38	$6.41	$6.43
EBITDA/Share	$1.41	$2.16	$2.97	$3.19	$3.39	$3.75	$4.04	$4.23	$4.18	$3.97	$3.75	$2.98	$2.93	$3.14	$3.29	$3.52	$3.78	$4.04	$4.36	$4.64	$4.64
Debt/Share	$1.66	$1.66	$1.95	$5.43	$12.32	$10.35	$11.58	$10.42	$9.81	$14.50	$11.64	$3.84	$3.81	$3.80	$3.79	$3.84	$3.97	$4.59	$4.02	$3.48	$3.48
Net Debt/Share	$-39.33	$-32.69	$-36.17	$-18.13	$-13.42	$-12.11	$-15.91	$-13.94	$-15.46	$-10.83	$-5.51	$-10.29	$-13.10	$-17.61	$-22.26	$-21.70	$-26.10	$-22.07	$-26.35	$-2.93	$-2.93

Academic Models

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Altman-B Score	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	1.926
Altman Z-Prime	snapshot only																				-5.238
Piotroski F-Score	3	3	3	4	4	5	4	5	6	5	4	4	4	5	7	8	8	7	7	7	7
Beneish M-Score	—	—	—	-1.87	-1.70	-1.77	-1.62	-1.74	-1.88	-0.74	-3.04	-3.18	-3.12	-2.33	-2.31	-2.25	-2.29	-2.82	-2.30	-2.27	-2.274
Ohlson O-Score	snapshot only																				-1.187
Net-Net WC	snapshot only																				$-223.91
EVA	snapshot only																				$30873500.00

Credit

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Credit Rating	snapshot only																				A+
Credit Score	70.62	79.59	83.81	59.66	55.41	58.09	57.93	71.29	73.07	57.30	60.08	75.19	73.84	76.76	77.83	77.63	77.45	76.60	78.45	78.39	78.387
Credit Grade	snapshot only																				5
Credit Trend	snapshot only																				0.755
Implied Spread (bps)	snapshot only																				125.000
Industry Credit Rank	snapshot only																				81
Sector Credit Rank	snapshot only																				70

FSBC NASDAQ

Edge Score

Analyst Insights

Financial Rating

InsiderStreet Scorecard

Risk & Quality Signals

Valuation

DuPont Decomposition (5-Factor)

Graham-Dodd Adjusted Valuation

Profitability Trends

Leverage & Solvency Trends

Efficiency & Working Capital Trends

Growth Trends (YoY %)

Earnings Stability

Monte Carlo Price Simulation

Executive Compensation

C-Suite Compensation

CEO Pay Ratio

C-Suite Pay Equality (Gini)

CEO Compensation Mix

Workforce & Productivity

Scaling Efficiency

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