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FSS NYSE

Federal Signal Corporation
1W: +1.2% 1M: -0.4% 3M: -3.0% YTD: +2.6% 1Y: -8.5% 3Y: +100.3% 5Y: +187.6%
$115.81
+1.67 (+1.46%)
After Hours: $115.86 (+0.05, +0.04%)
Weekly Expected Move ±3.8%
$105 $109 $113 $118 $122
NYSE · Industrials · Agricultural - Machinery · Tech Score Neutral · Power 60 · $7.0B mcap · 60M float · 0.829% daily turnover · Short 62% of daily vol
Credit Risk of going bust: lower than 82% of companies Debt: 6.5% of company value Bonds: none of note held by US funds details ▾
Of US companies ranked in the safest four tenths, about 1 in 3,500 filed for bankruptcy within a year (2020-2025).
If the stock fell to about $0.57 (down 99.5%), Federal Signal Corporation would be worth roughly what it owes.
Total debt $485.8M against a stock market value of $6.97B.
Distance to default 10.20 (Merton model): prices to 2026-10-26, balance sheet 2026-06-30, debt counted $228.2M (short-term plus half of long-term), stock volatility 34.7%; Altman Z 7.12. A ranking and a back-test, not a forecast.
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
68.5 / 100
NoneWeakNarrowWide
Primary source: Switching Costs  ·  ROIC: 16.3%  ·  5Y Avg: 13.8%
Cost Advantage
71
Intangibles
64
Switching Cost
80
Network Effect
60
Scale
62
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. FSS has a Narrow competitive edge (68.5/100) — meaningful but not impregnable advantages over competitors. The primary source of advantage is Switching Costs. ROIC of 16.3% 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
$0
Low
$135
Avg Target
$135
High
Based on 2 analyst ratings (12 mo)
Analyst Recommendations
Strong Buy: 0Buy: 6Hold: 5Sell: 0Strong Sell: 0
Rating Summary
ConsensusBuy
Avg Target$135.00
Analysts2
Consensus Change History
DateFieldFromTo
2026-03-12 consensus Hold Buy
Price Target Change History
DateFirmAnalystOldNewChangeUpside @ CallStock@Call
2026-04-30 KeyBanc — $130 $140 +10 +15.2% $121.48
2026-03-10 KeyBanc — Initiated $130 — +19.8% $108.48
2025-06-30 Raymond James Tim Thein $42 $120 +78 +12.8% $106.42
2024-07-30 D.A. Davidson Michael Shlisky Initiated $94 — -4.8% $98.71
2022-10-07 New Street Sam Boughedda Initiated $46 — +11.8% $41.15
2022-07-19 Raymond James Felix Boeschen $45 $42 -3 +13.4% $37.05
2022-04-26 Raymond James — $46 $45 -1 +29.7% $34.70
2022-03-02 Raymond James Felix Boeschen Initiated $46 — +32.9% $34.60

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
5
ROA
5
D/E
3
P/E
2
P/B
1
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. FSS receives an overall rating of A-. Strongest factors: DCF (4/5), ROE (5/5), ROA (5/5). Areas of concern: P/E (2/5), P/B (1/5).
Rating Change History
DateFromTo
2026-10-12 B+ A-
2026-10-01 A- B+
2026-08-12 B+ A-
2026-08-10 A- B+
2026-04-27 B+ A-
2026-04-01 A- B+
2026-03-30 B+ A-
2026-03-24 A- B+
2026-03-16 B+ A-
2026-02-27 B B+

InsiderStreet Scorecard

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

★ ★ ★ ★ ★ 77 Grade A+
Profitability
60
Balance Sheet
74
Earnings Quality
80
Growth
77
Value
55
Momentum
99
Safety
100
Cash Flow
75
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. FSS scores highest in Safety (100/100) and lowest in Value (55/100). An overall grade of A+ places FSS 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
7.72
Safe Zone
Piotroski F-Score
7/9
✓ ✓ ✓ ✓ ✗ ✓ ✗ ✓ ✓
Beneish M-Score
-2.28
Unlikely Manipulator
Ohlson O-Score
-9.18
Bankruptcy prob: 0.0%
Low Risk
Credit Rating
AA+
Score: 92.5/100
Trend: Deteriorating
Earnings Quality
100/100
OCF/NI: 1.31x
Accruals: -4.0%
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. FSS scores 7.72, placing it in the Safe Zone (safe > 2.99, distress < 1.81). 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. FSS 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. FSS's score of -2.28 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. FSS's implied 0.0% 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. FSS receives an estimated rating of AA+ (score: 92.5/100), with a deteriorating 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). FSS'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
24.74x
PEG
0.86x
P/S
2.89x
P/B
4.69x
P/FCF
23.30x
P/OCF
21.21x
EV/EBITDA
17.22x
EV/Revenue
3.40x
EV/EBIT
21.17x
EV/FCF
24.54x
Earnings Yield
3.61%
FCF Yield
4.29%
Shareholder Yield
0.54%
Graham Number
$50.59
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 24.7x earnings, FSS commands a growth premium. Graham's intrinsic value formula yields $50.59 per share, 126% 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
0.766
NI / EBT
×
Interest Burden
0.948
EBT / EBIT
×
EBIT Margin
0.161
EBIT / Rev
×
Asset Turnover
1.124
Rev / Assets
×
Equity Multiplier
1.573
Assets / Equity
=
ROE
20.6%
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. FSS's ROE of 20.6% is driven by Asset Turnover (1.124), indicating efficient use of assets to generate revenue.

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
15.00%
Fair P/E
38.50x
Intrinsic Value
$178.67
Price/Value
0.72x
Margin of Safety
28.08%
Premium
-28.08%
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 FSS's realized 15.0% 3-year EPS CAGR, capped at 15% — demonstrated performance rather than forecasts, held to a rate companies have historically sustained. FSS actually compounded EPS at 28.6% over three years; the model uses 15%, the highest rate it will extrapolate — of 4,457 company-quarters that grew faster than 200%, none sustained it over the following seven years. FSS trades at a -28% premium to its adjusted intrinsic value of $178.67, suggesting the market is pricing in future growth beyond what historical earnings support. The adjusted fair P/E of 38.5x compares to the current market P/E of 24.7x.

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
$115.89
Median 1Y
$134.05
5th Pctile
$77.59
95th Pctile
$231.52
Ann. Volatility
33.1%
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

ExecutiveSalaryStockTotal
Jennifer L. Sherman,
President and CEO
$1,016,617 $3,635,646 $8,421,321
Mark D. Weber,
Senior Vice President and COO
$627,987 $899,967 $2,919,082
Ian A. Hudson,
Senior Vice President and CFO
$540,951 $825,001 $2,510,579
Diane I. Bonina,
Vice President and General Counsel
$460,461 $450,072 $1,668,886
Felix M. Boeschen,
Vice President, Corporate Strategy and Investor Relations
$348,698 $168,811 $975,587

CEO Pay Ratio

191:1
CEO-to-Employee Pay Ratio
CEO Total Comp: $8,421,321
Avg Employee Cost (SGA/emp): $44,121
Employees: 5,800

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
5,800
+23.4% YoY
Revenue / Employee
$375,948
Rev: $2,180,500,000
Profit / Employee
$42,517
NI: $246,600,000
SGA / Employee
$44,121
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 14.8% 13.5% 13.1% 13.2% 13.2% 14.6% 15.2% 15.5% 16.3% 16.9% 18.9% 20.0% 20.2% 19.8% 18.8% 18.8% 19.1% 19.2% 20.5% 20.6% 20.61%
ROA 8.4% 7.8% 7.3% 7.5% 7.6% 8.3% 8.5% 8.6% 9.3% 10.0% 11.2% 12.1% 12.6% 12.8% 12.0% 12.3% 12.8% 11.9% 12.5% 13.1% 13.10%
ROIC 11.3% 10.6% 10.0% 10.1% 10.3% 10.7% 11.1% 11.4% 12.4% 13.8% 15.4% 16.2% 16.8% 17.1% 15.5% 15.8% 16.6% 14.1% 15.3% 16.3% 16.35%
ROCE 11.8% 10.2% 9.9% 10.3% 10.5% 12.0% 12.4% 12.5% 14.2% 15.6% 16.5% 17.6% 18.2% 18.1% 17.9% 18.4% 19.3% 16.0% 17.4% 18.5% 18.49%
Gross Margin 23.8% 22.4% 22.9% 24.5% 23.9% 24.7% 24.9% 26.5% 26.4% 26.6% 27.3% 29.4% 29.6% 28.1% 28.2% 30.0% 28.3% 27.5% 28.7% 30.4% 30.41%
Operating Margin 11.5% 10.0% 8.6% 12.6% 11.4% 11.9% 10.2% 13.4% 14.0% 14.1% 12.8% 16.5% 16.0% 14.9% 14.2% 17.3% 17.2% 16.2% 16.1% 17.7% 17.74%
Net Margin 9.8% 6.5% 6.2% 9.1% 9.2% 8.8% 7.1% 9.1% 9.7% 10.3% 12.1% 12.4% 11.4% 10.6% 10.0% 12.6% 12.3% 10.2% 11.3% 12.8% 12.85%
EBITDA Margin 15.9% 11.0% 12.8% 16.4% 15.3% 15.4% 13.9% 16.7% 17.4% 17.4% 16.4% 19.7% 19.4% 17.7% 18.0% 20.7% 20.5% 17.6% 19.6% 21.2% 21.19%
FCF Margin 7.8% 5.3% 1.3% 1.2% 0.6% 1.3% 3.1% 4.2% 6.1% 9.5% 10.5% 10.2% 11.1% 10.2% 10.5% 11.5% 10.7% 10.4% 12.4% 13.9% 13.86%
OCF Margin 9.3% 8.4% 6.5% 6.5% 5.9% 5.0% 4.8% 5.9% 7.8% 11.3% 12.4% 12.3% 13.3% 12.4% 12.5% 13.0% 12.1% 11.7% 13.6% 15.2% 15.22%
ROE 3Y Avg snapshot only 18.29%
ROE 5Y Avg snapshot only 16.41%
ROA 3Y Avg snapshot only 11.74%
ROIC 3Y Avg snapshot only 13.22%
ROIC Economic snapshot only 16.23%
Cash ROA snapshot only 15.27%
Cash ROIC snapshot only 19.29%
CROIC snapshot only 17.57%
NOPAT Margin snapshot only 12.89%
Pretax Margin snapshot only 15.23%
R&D / Revenue snapshot only 0.00%
SGA / Revenue snapshot only 11.40%
SBC / Revenue snapshot only 0.61%
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 21.59 25.86 20.44 20.65 21.20 23.20 25.69 28.90 24.87 29.70 28.51 25.33 26.92 26.29 21.46 29.37 30.94 27.08 24.57 27.69 24.744
P/S Ratio 1.92 2.14 1.60 1.64 1.66 1.95 2.19 2.48 2.17 2.71 2.94 2.83 3.12 3.05 2.38 3.30 3.55 3.06 2.84 3.23 2.894
P/B Ratio 3.02 3.32 2.57 2.62 2.70 3.24 3.71 4.19 3.79 4.67 4.96 4.66 4.98 4.79 3.77 5.16 5.52 4.83 4.64 5.24 4.688
P/FCF 24.67 40.40 126.33 138.64 259.53 148.57 70.17 59.44 35.64 28.48 27.85 27.75 28.19 29.82 22.77 28.73 33.21 29.41 22.89 23.30 23.296
P/OCF 20.72 25.56 24.41 24.98 28.22 38.90 45.48 41.94 27.77 24.04 23.68 22.93 23.46 24.58 19.13 25.44 29.41 26.22 20.83 21.21 21.214
EV/EBITDA 13.52 16.67 13.41 13.35 13.53 14.52 15.99 17.69 14.96 17.43 18.14 16.65 17.58 17.11 13.42 17.92 18.82 17.20 15.63 17.22 17.218
EV/Revenue 2.08 2.37 1.85 1.89 1.90 2.18 2.44 2.72 2.38 2.86 3.08 2.96 3.22 3.14 2.51 3.41 3.64 3.31 3.06 3.40 3.401
EV/EBIT 18.40 23.55 19.05 18.74 18.89 19.44 21.16 23.23 19.25 22.15 22.84 20.61 21.64 21.16 16.62 22.21 23.30 21.29 19.22 21.17 21.173
EV/FCF 26.77 44.64 146.11 159.75 296.96 166.71 77.98 65.37 39.08 30.07 29.17 29.03 29.11 30.66 24.01 29.76 34.07 31.74 24.65 24.54 24.543
Earnings Yield 4.6% 3.9% 4.9% 4.8% 4.7% 4.3% 3.9% 3.5% 4.0% 3.4% 3.5% 3.9% 3.7% 3.8% 4.7% 3.4% 3.2% 3.7% 4.1% 3.6% 3.61%
FCF Yield 4.1% 2.5% 0.8% 0.7% 0.4% 0.7% 1.4% 1.7% 2.8% 3.5% 3.6% 3.6% 3.5% 3.4% 4.4% 3.5% 3.0% 3.4% 4.4% 4.3% 4.29%
PEG Ratio snapshot only 0.858
Price/Tangible Book snapshot only 16.330
EV/OCF snapshot only 22.349
EV/Gross Profit snapshot only 11.819
Acquirers Multiple snapshot only 20.197
Shareholder Yield snapshot only 0.54%
Graham Number snapshot only $50.59
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 2.95 2.53 2.56 2.67 2.82 2.94 2.79 3.05 2.98 2.91 2.82 2.89 2.83 2.66 2.39 2.60 2.61 3.02 2.84 2.74 2.739
Quick Ratio 1.57 1.18 1.18 1.23 1.23 1.32 1.22 1.34 1.35 1.36 1.29 1.35 1.36 1.29 1.09 1.25 1.25 1.35 1.29 1.21 1.205
Debt/Equity 0.37 0.40 0.45 0.44 0.43 0.45 0.46 0.47 0.41 0.32 0.28 0.26 0.23 0.21 0.25 0.23 0.18 0.43 0.41 0.32 0.322
Net Debt/Equity 0.26 0.35 0.40 0.40 0.39 0.40 0.41 0.42 0.37 0.26 0.23 0.21 0.16 0.14 0.21 0.18 0.14 0.38 0.36 0.28 0.281
Debt/Assets 0.22 0.23 0.25 0.25 0.24 0.25 0.25 0.26 0.24 0.20 0.18 0.17 0.15 0.14 0.16 0.15 0.13 0.25 0.24 0.20 0.199
Debt/EBITDA 1.54 1.82 2.04 1.93 1.89 1.80 1.77 1.81 1.47 1.13 0.98 0.88 0.77 0.74 0.86 0.79 0.61 1.42 1.27 1.00 1.005
Net Debt/EBITDA 1.06 1.58 1.82 1.76 1.70 1.58 1.60 1.60 1.32 0.92 0.82 0.73 0.55 0.47 0.70 0.62 0.47 1.27 1.12 0.87 0.875
Interest Coverage 30.33 27.13 26.11 23.71 19.04 15.65 12.53 10.55 10.42 11.30 13.04 16.44 19.94 22.11 23.36 24.09 25.90 24.01 20.71 19.18 19.180
Equity Multiplier 1.72 1.74 1.81 1.78 1.77 1.77 1.80 1.80 1.73 1.62 1.58 1.54 1.51 1.49 1.56 1.52 1.47 1.73 1.71 1.62 1.618
Cash Ratio snapshot only 0.201
Debt Service Coverage snapshot only 23.585
Cash to Debt snapshot only 0.129
FCF to Debt snapshot only 0.698
Defensive Interval snapshot only 439.2 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 0.95 0.94 0.94 0.95 0.97 0.99 0.99 1.01 1.07 1.10 1.09 1.08 1.08 1.10 1.08 1.09 1.12 1.05 1.08 1.12 1.124
Inventory Turnover 4.40 4.47 4.27 4.28 4.08 4.18 3.97 3.92 4.01 4.27 4.03 3.94 3.95 4.19 3.95 4.10 4.16 3.88 3.98 4.17 4.170
Receivables Turnover 8.44 9.23 8.64 8.16 8.65 9.26 8.56 8.62 8.69 9.57 9.20 8.89 8.48 9.73 9.17 8.74 8.50 8.93 8.78 9.29 9.288
Payables Turnover 13.31 15.88 12.76 13.38 14.05 15.89 12.76 14.26 15.17 18.30 14.01 15.12 15.39 18.24 14.05 14.77 15.26 17.61 15.23 16.04 16.040
DSO 43 40 42 45 42 39 43 42 42 38 40 41 43 38 40 42 43 41 42 39 39.3 days
DIO 83 82 86 85 89 87 92 93 91 85 90 93 92 87 92 89 88 94 92 88 87.5 days
DPO 27 23 29 27 26 23 29 26 24 20 26 24 24 20 26 25 24 21 24 23 22.8 days
Cash Conversion Cycle 99 98 99 103 106 104 106 110 109 104 104 110 112 105 106 106 107 114 109 104 104.1 days
Fixed Asset Turnover snapshot only 7.640
Operating Cycle snapshot only 126.8 days
Cash Velocity snapshot only 38.979
Capital Intensity snapshot only 0.997
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 4.9% 7.3% 12.6% 9.1% 11.4% 18.3% 17.8% 20.8% 23.9% 20.1% 18.3% 15.6% 10.3% 8.1% 7.8% 9.1% 11.8% 17.1% 23.3% 24.0% 23.97%
Net Income 7.3% 4.6% 4.1% -0.6% -1.8% 19.7% 28.7% 30.6% 38.3% 30.7% 42.7% 50.7% 46.1% 37.4% 16.2% 9.6% 10.9% 14.0% 28.3% 28.8% 28.79%
EPS 6.6% 2.2% 4.6% 0.9% -0.6% 20.7% 28.9% 29.5% 37.4% 29.9% 42.0% 50.0% 45.4% 36.8% 15.8% 10.4% 11.4% 14.7% 28.9% 28.4% 28.37%
FCF 9.6% -39.5% -87.9% -82.6% -90.8% -70.8% 1.9% 3.3% 10.8% 7.7% 3.0% 1.8% 99.9% 16.2% 7.0% 22.8% 8.2% 19.1% 46.1% 49.8% 49.76%
EBITDA 5.3% -1.5% 0.9% -0.3% 1.7% 25.2% 30.4% 31.6% 40.6% 31.1% 31.5% 33.5% 26.7% 20.7% 19.1% 17.0% 18.3% 22.7% 28.8% 28.5% 28.52%
Op. Income 0.3% -0.5% 3.5% 3.7% 7.4% 23.0% 30.7% 33.0% 44.1% 39.6% 39.3% 41.1% 31.9% 25.3% 22.4% 18.5% 19.9% 26.4% 33.5% 33.2% 33.23%
OCF Growth snapshot only 45.62%
Asset Growth snapshot only 27.35%
Equity Growth snapshot only 19.44%
Debt Growth snapshot only 64.01%
Shares Change snapshot only 0.33%
Dividend Growth snapshot only 10.99%
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 4.5% 3.6% 4.3% 4.2% 4.3% 5.5% 6.5% 9.9% 13.1% 15.1% 16.2% 15.1% 15.1% 15.3% 14.5% 15.1% 15.2% 15.0% 16.3% 16.1% 16.06%
Revenue 5Y 13.5% 11.4% 12.1% 11.1% 10.2% 9.8% 9.0% 8.6% 9.5% 9.6% 9.6% 9.6% 9.2% 8.8% 9.0% 10.9% 12.3% 14.0% 15.8% 15.6% 15.55%
EPS 3Y 4.9% 1.3% -0.0% -0.4% -1.6% 3.0% 3.9% 9.1% 13.3% 17.0% 24.2% 25.1% 25.7% 28.9% 28.5% 28.9% 30.5% 26.8% 28.5% 28.6% 28.56%
EPS 5Y 19.8% 17.4% 21.0% 20.6% 19.0% 13.8% 13.4% 10.0% 9.5% 10.3% 12.8% 14.0% 13.7% 14.2% 13.0% 16.6% 18.7% 20.2% 23.4% 22.7% 22.66%
Net Income 3Y 5.3% 2.3% 0.1% -0.6% -1.8% 3.5% 3.6% 9.2% 13.4% 17.8% 24.1% 25.1% 25.7% 29.1% 28.7% 29.2% 30.8% 27.0% 28.6% 28.6% 28.63%
Net Income 5Y 20.2% 18.1% 21.4% 20.9% 19.2% 14.3% 13.6% 10.2% 9.6% 10.9% 13.0% 14.1% 13.8% 14.8% 13.0% 16.6% 18.7% 20.7% 23.3% 22.5% 22.54%
EBITDA 3Y 10.3% 3.1% 2.0% 1.8% 1.0% 4.7% 5.1% 10.2% 14.6% 17.4% 20.1% 20.5% 21.9% 25.6% 26.9% 27.1% 28.2% 24.7% 26.3% 26.1% 26.14%
EBITDA 5Y 17.6% 17.3% 18.2% 17.3% 14.9% 17.0% 15.8% 13.1% 13.9% 12.5% 12.7% 13.1% 12.9% 12.7% 12.7% 15.9% 17.7% 19.1% 21.6% 21.4% 21.35%
Gross Profit 3Y 3.0% 0.8% 0.6% 0.4% 0.3% 2.2% 3.7% 8.3% 12.6% 15.3% 17.8% 18.5% 20.5% 22.7% 22.8% 23.6% 23.2% 21.7% 22.5% 21.5% 21.52%
Gross Profit 5Y 10.7% 9.5% 10.5% 10.0% 9.0% 9.3% 8.8% 8.3% 9.5% 9.8% 10.1% 10.6% 10.7% 10.5% 10.8% 13.2% 14.5% 16.2% 18.4% 18.7% 18.70%
Op. Income 3Y 9.3% 2.5% 1.0% 0.8% 0.0% 3.0% 3.8% 10.1% 15.8% 19.5% 23.5% 24.9% 26.9% 29.1% 30.6% 30.5% 31.6% 30.3% 31.5% 30.6% 30.61%
Op. Income 5Y 14.9% 17.8% 19.9% 19.3% 16.8% 19.0% 17.8% 14.3% 15.1% 13.1% 13.4% 13.9% 13.7% 13.9% 13.8% 17.4% 19.7% 22.0% 25.2% 25.2% 25.18%
FCF 3Y 5.4% -6.5% -34.9% -38.0% -45.9% -34.8% -15.3% -13.3% 5.9% 15.5% 11.9% 28.1% 29.4% 43.6% 1.3% 1.5% 1.9% 1.3% 84.1% 73.3% 73.28%
FCF 5Y 17.7% 28.2% -16.1% -23.9% -30.2% -21.9% -4.8% 4.3% 4.8% 15.8% 26.2% 23.5% 30.1% 23.0% 21.0% 17.8% 20.7% 16.4% 17.0% 31.0% 31.04%
OCF 3Y 6.3% 3.1% 4.0% 1.7% -0.2% -11.4% -15.0% -13.4% 1.7% 12.6% 11.7% 26.4% 29.8% 31.5% 41.9% 44.4% 46.4% 52.5% 64.4% 59.2% 59.15%
OCF 5Y 18.8% 32.7% 13.6% 5.5% 6.3% -0.3% 0.7% 7.3% 7.0% 15.9% 24.3% 22.5% 25.1% 17.5% 15.1% 12.4% 14.9% 13.3% 15.3% 27.5% 27.51%
Assets 3Y 9.2% 10.1% 10.0% 9.6% 7.7% 9.4% 8.9% 11.1% 10.5% 10.3% 9.3% 9.5% 9.7% 8.9% 9.7% 9.9% 9.8% 16.2% 15.7% 13.7% 13.68%
Assets 5Y 15.2% 16.3% 16.9% 7.7% 8.0% 9.0% 9.5% 10.3% 10.4% 9.6% 9.1% 9.1% 8.1% 8.7% 8.9% 9.6% 9.6% 14.6% 14.2% 13.6% 13.61%
Equity 3Y 14.4% 13.9% 12.8% 11.7% 11.1% 10.3% 11.5% 12.1% 12.0% 12.6% 13.2% 13.8% 14.5% 14.8% 15.1% 16.0% 16.9% 17.1% 17.6% 17.7% 17.73%
Book Value 3Y 14.0% 12.9% 12.7% 12.0% 11.3% 9.7% 11.7% 12.1% 12.0% 11.8% 13.3% 13.9% 14.5% 14.7% 14.9% 15.7% 16.6% 16.9% 17.5% 17.7% 17.67%
Dividend 3Y 3.2% 3.3% 2.9% 2.1% 1.0% -0.8% -0.1% 0.9% 1.7% 2.2% 5.6% 6.2% 6.7% 7.1% 5.9% 5.4% 5.2% 5.0% 4.2% 3.6% 3.59%
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 0.82 0.76 0.77 0.86 0.87 0.82 0.80 0.84 0.81 0.79 0.80 0.82 0.82 0.83 0.87 0.93 0.96 0.98 0.97 0.96 0.961
Earnings Stability 0.76 0.71 0.60 0.61 0.53 0.66 0.55 0.67 0.55 0.64 0.55 0.61 0.62 0.74 0.75 0.83 0.87 0.93 0.95 0.94 0.939
Margin Stability 0.95 0.96 0.95 0.95 0.95 0.95 0.95 0.96 0.96 0.95 0.95 0.94 0.93 0.92 0.92 0.92 0.92 0.93 0.93 0.93 0.929
Rev. Growth Consistency 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 1.00 1.00 1.00 1.00 1.000
Earn. Growth Consistency 0.50 0.50 0.50 0.00 0.00 1.00 1.00 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 1.000
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 0.97 0.98 0.98 1.00 0.99 0.92 0.89 0.88 0.85 0.88 0.83 0.50 0.82 0.85 0.94 0.96 0.96 0.94 0.89 0.88 0.885
Earnings Smoothness 0.93 0.96 0.96 0.99 0.98 0.82 0.75 0.73 0.68 0.73 0.65 0.60 0.63 0.68 0.85 0.91 0.90 0.87 0.75 0.75 0.748
ROE Trend -0.03 -0.02 -0.03 -0.02 -0.02 0.01 0.02 0.01 0.02 0.02 0.04 0.05 0.05 0.03 0.02 0.01 0.01 0.01 0.01 0.01 0.010
Gross Margin Trend -0.02 -0.02 -0.03 -0.02 -0.02 -0.01 0.00 0.01 0.02 0.02 0.03 0.03 0.04 0.04 0.03 0.03 0.02 0.01 0.01 0.01 0.005
FCF Margin Trend 0.02 -0.02 -0.08 -0.07 -0.07 -0.06 -0.03 -0.00 0.02 0.06 0.08 0.08 0.08 0.05 0.04 0.04 0.02 0.01 0.02 0.03 0.030
Sustainable Growth Rate 11.9% 10.6% 10.2% 10.4% 10.5% 12.0% 12.6% 12.9% 13.7% 14.3% 16.2% 17.3% 17.5% 17.1% 16.1% 16.1% 16.4% 16.5% 17.9% 18.1% 18.06%
Internal Growth Rate 7.2% 6.5% 6.1% 6.3% 6.4% 7.3% 7.5% 7.7% 8.5% 9.3% 10.7% 11.7% 12.2% 12.4% 11.4% 11.8% 12.4% 11.4% 12.2% 13.0% 12.97%
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 1.04 1.01 0.84 0.83 0.75 0.60 0.56 0.69 0.90 1.24 1.20 1.10 1.15 1.07 1.12 1.15 1.05 1.03 1.18 1.31 1.305
FCF/OCF 0.84 0.63 0.19 0.18 0.11 0.26 0.65 0.71 0.78 0.84 0.85 0.83 0.83 0.82 0.84 0.89 0.89 0.89 0.91 0.91 0.911
FCF/Net Income snapshot only 1.189
OCF/EBITDA snapshot only 0.770
CapEx/Revenue 1.5% 3.1% 5.3% 5.4% 5.2% 3.7% 1.7% 1.7% 1.7% 1.8% 1.9% 2.1% 2.2% 2.2% 2.0% 1.5% 1.4% 1.3% 1.2% 1.4% 1.36%
CapEx/Depreciation snapshot only 0.369
Accruals Ratio -0.00 -0.00 0.01 0.01 0.02 0.03 0.04 0.03 0.01 -0.02 -0.02 -0.01 -0.02 -0.01 -0.01 -0.02 -0.01 -0.00 -0.02 -0.04 -0.040
Sloan Accruals snapshot only 0.015
Cash Flow Adequacy snapshot only 5.430
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 0.9% 0.8% 1.1% 1.0% 1.0% 0.8% 0.7% 0.6% 0.6% 0.5% 0.5% 0.5% 0.5% 0.5% 0.7% 0.5% 0.5% 0.5% 0.5% 0.4% 0.51%
Dividend/Share $0.35 $0.36 $0.36 $0.36 $0.36 $0.36 $0.36 $0.37 $0.38 $0.39 $0.42 $0.44 $0.46 $0.47 $0.50 $0.52 $0.54 $0.55 $0.56 $0.57 $0.59
Payout Ratio 20.0% 21.9% 22.2% 21.3% 20.8% 18.1% 17.1% 16.8% 15.9% 15.1% 14.1% 13.3% 13.2% 13.5% 14.5% 14.3% 14.0% 13.8% 12.8% 12.4% 12.37%
FCF Payout Ratio 22.8% 34.2% 1.4% 1.4% 2.5% 1.2% 46.8% 34.5% 22.7% 14.5% 13.8% 14.6% 13.8% 15.4% 15.4% 14.0% 15.0% 15.0% 11.9% 10.4% 10.41%
Total Payout Ratio 27.0% 44.0% 56.0% 56.1% 52.1% 35.8% 25.0% 23.6% 24.9% 23.1% 21.2% 19.8% 19.4% 19.5% 27.3% 35.3% 32.1% 30.8% 21.5% 15.0% 15.03%
Div. Increase Streak 0 1 1 1 1 0 0 1 1 0 0 1 1 1 1 1 1 1 1 1 1
Chowder Number 0.12 0.14 0.11 0.07 0.03 -0.00 -0.00 0.03 0.06 0.10 0.18 0.20 0.22 0.24 0.20 0.18 0.18 0.17 0.14 0.12 0.118
Buyback Yield 0.3% 0.9% 1.7% 1.7% 1.5% 0.8% 0.3% 0.2% 0.4% 0.3% 0.2% 0.3% 0.2% 0.2% 0.6% 0.7% 0.6% 0.6% 0.4% 0.1% 0.10%
Net Buyback Yield 0.3% 0.8% 1.6% 1.7% 1.5% 0.8% 0.3% 0.2% 0.4% 0.3% 0.2% 0.3% 0.2% 0.2% 0.6% 0.7% 0.6% 0.6% 0.3% 0.1% 0.06%
Total Shareholder Return 1.2% 1.7% 2.7% 2.7% 2.5% 1.5% 1.0% 0.8% 1.0% 0.8% 0.7% 0.8% 0.7% 0.7% 1.3% 1.2% 1.0% 1.1% 0.8% 0.5% 0.51%
DuPont Factors
Metric Trend Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q4'22 Q1'23 Q2'23 Q3'23 Q4'23 Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Q2'26 Current
Tax Burden (NI/EBT) 0.81 0.86 0.84 0.82 0.82 0.80 0.81 0.81 0.78 0.78 0.83 0.83 0.82 0.82 0.77 0.76 0.76 0.76 0.76 0.77 0.766
Interest Burden (EBT/EBIT) 0.97 0.96 0.96 0.96 0.95 0.94 0.92 0.91 0.90 0.91 0.92 0.94 0.95 0.95 0.96 0.96 0.96 0.96 0.95 0.95 0.948
EBIT Margin 0.11 0.10 0.10 0.10 0.10 0.11 0.12 0.12 0.12 0.13 0.13 0.14 0.15 0.15 0.15 0.15 0.16 0.16 0.16 0.16 0.161
Asset Turnover 0.95 0.94 0.94 0.95 0.97 0.99 0.99 1.01 1.07 1.10 1.09 1.08 1.08 1.10 1.08 1.09 1.12 1.05 1.08 1.12 1.124
Equity Multiplier 1.76 1.73 1.79 1.76 1.74 1.76 1.80 1.79 1.75 1.69 1.68 1.66 1.61 1.55 1.57 1.53 1.49 1.62 1.64 1.57 1.573
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) $1.74 $1.63 $1.61 $1.69 $1.73 $1.97 $2.08 $2.18 $2.37 $2.56 $2.95 $3.28 $3.45 $3.49 $3.41 $3.62 $3.84 $4.01 $4.40 $4.64 $4.64
Book Value/Share $12.41 $12.71 $12.83 $13.29 $13.57 $14.07 $14.39 $15.05 $15.57 $16.26 $16.95 $17.82 $18.63 $19.16 $19.46 $20.59 $21.53 $22.47 $23.33 $24.51 $24.76
Tangible Book/Share $3.01 $2.37 $2.49 $2.87 $3.27 $3.26 $3.44 $3.78 $4.40 $5.22 $6.00 $6.95 $7.79 $8.22 $7.48 $8.52 $9.49 $6.17 $6.73 $7.87 $7.87
Revenue/Share $19.56 $19.66 $20.60 $21.29 $22.04 $23.44 $24.31 $25.50 $27.13 $27.97 $28.61 $29.34 $29.79 $30.07 $30.75 $32.21 $33.48 $35.46 $38.09 $39.80 $40.20
FCF/Share $1.52 $1.04 $0.26 $0.25 $0.14 $0.31 $0.76 $1.06 $1.65 $2.66 $3.02 $2.99 $3.29 $3.08 $3.22 $3.69 $3.58 $3.69 $4.73 $5.52 $5.57
OCF/Share $1.81 $1.65 $1.35 $1.39 $1.30 $1.17 $1.17 $1.50 $2.12 $3.16 $3.55 $3.62 $3.96 $3.74 $3.83 $4.17 $4.04 $4.14 $5.19 $6.06 $6.12
Cash/Share $1.43 $0.66 $0.64 $0.51 $0.58 $0.78 $0.63 $0.79 $0.67 $0.99 $0.79 $0.79 $1.19 $1.47 $0.93 $1.06 $0.89 $1.04 $1.16 $1.02 $1.03
EBITDA/Share $3.01 $2.80 $2.84 $3.01 $3.10 $3.53 $3.71 $3.92 $4.32 $4.60 $4.85 $5.21 $5.45 $5.52 $5.76 $6.14 $6.48 $6.81 $7.45 $7.86 $7.86
Debt/Share $4.62 $5.08 $5.79 $5.82 $5.86 $6.35 $6.56 $7.09 $6.36 $5.21 $4.77 $4.60 $4.20 $4.08 $4.94 $4.83 $3.96 $9.67 $9.48 $7.90 $7.90
Net Debt/Share $3.19 $4.43 $5.15 $5.30 $5.28 $5.57 $5.94 $6.29 $5.69 $4.22 $3.97 $3.81 $3.01 $2.61 $4.01 $3.78 $3.07 $8.63 $8.32 $6.88 $6.88
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 Z-Score — — — — — — — — — — — — — — — — — — — — 7.722
Altman Z-Prime snapshot only 13.386
Piotroski F-Score 6 4 5 6 5 7 7 6 7 7 8 7 7 7 7 8 7 5 8 7 7
Beneish M-Score -2.42 -2.28 -2.22 -2.26 -2.20 -2.10 -2.15 -2.26 -2.23 -2.55 -2.62 -2.50 -2.63 -2.52 -2.29 -2.44 -2.16 -1.86 -2.14 -2.28 -2.277
Ohlson O-Score snapshot only -9.178
ROIC (Greenblatt) snapshot only 45.49%
Net-Net WC snapshot only $-1.23
EVA snapshot only $122587652.27
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 93.26 92.19 84.13 89.14 87.22 87.49 87.19 87.81 87.92 91.53 92.66 94.89 94.48 96.02 95.67 95.71 96.85 93.78 92.48 92.52 92.522
Credit Grade snapshot only 2
Credit Trend snapshot only -3.186
Implied Spread (bps) snapshot only 65.000
Industry Credit Rank snapshot only 90
Sector Credit Rank snapshot only 85

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