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GVA NYSE

Granite Construction Incorporated
1W: -9.4% 1M: +5.1% 3M: -6.0% YTD: +7.6% 1Y: +47.1% 3Y: +257.2% 5Y: +235.6%
$129.95
+2.32 (+1.82%)
After Hours: $133.28 (+3.34, +2.57%)
Weekly Expected Move ±6.7%
$120 $129 $139 $148 $157
NYSE · Industrials · Engineering & Construction · Alpha Radar Sell · Power 47 · $5.7B mcap · 43M float · 1.53% daily turnover · Short 57% 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
43.0 / 100
NoneWeakNarrowWide
Primary source: Efficient Scale  ·  ROIC: 9.5%  ·  5Y Avg: 8.1%
Cost Advantage
25
Intangibles
47
Switching Cost
45
Network Effect
48
Scale ★
52
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. GVA shows a Weak competitive edge (43.0/100) — limited structural advantages that may face competitive pressure. The primary source of advantage is Efficient Scale. ROIC of 9.5% suggests modest returns relative to capital deployed.

Analyst Insights

Wall Street analyst consensus based on price targets and buy/sell/hold recommendations from institutional research coverage over the trailing 12 months.

Analyst Price Targets
$0
Low
$130
Avg Target
$130
High
Based on 4 analyst ratings (12 mo)
Analyst Recommendations
Strong Buy: 0Buy: 9Hold: 5Sell: 0Strong Sell: 0
Rating Summary
ConsensusBuy
Avg Target$130.00
Analysts4
Price Target Change History
DateFirmAnalystOldNewChangeUpside @ CallStock@Call
2026-02-17 Goldman Sachs Adam Bubes $124 $132 +8 +2.2% $129.20
2026-02-13 D.A. Davidson Brent Thielman $70 $155 +85 +18.3% $131.00
2026-01-28 Goldman Sachs $109 $124 +15 +3.9% $119.38
2025-11-24 Goldman Sachs Initiated $109 +5.0% $103.85
2024-05-02 D.A. Davidson Brent Thielman Initiated $70 +17.9% $59.39

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.

B
May 22, 2026
DCF
3
ROE
5
ROA
4
D/E
1
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. GVA receives an overall rating of B. Strongest factors: ROE (5/5), ROA (4/5). Areas of concern: D/E (1/5), P/E (2/5), P/B (1/5).
Rating Change History
DateFromTo
2026-04-01 B- B
2026-03-09 C+ B-
2026-03-06 B- C+
2026-01-03 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.

55 Grade C
Profitability
22
Balance Sheet
56
Earnings Quality
67
Growth
69
Value
47
Momentum
94
Safety
65
Cash Flow
53
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. GVA scores highest in Momentum (94/100) and lowest in Profitability (22/100). A grade of C represents mixed fundamentals — strengths in some areas offset by weaknesses.

Risk & Quality Signals

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

Altman Z-Score
2.88
Grey Zone
Piotroski F-Score
6/9
Beneish M-Score
-2.52
Unlikely Manipulator
Ohlson O-Score
-6.67
Bankruptcy prob: 0.1%
Low Risk
Credit Rating
BBB+
Score: 61.6/100
Trend: Deteriorating
Earnings Quality
75/100
OCF/NI: 2.35x
Accruals: -7.1%
The Altman Z-Score (1968) combines five ratios — working capital, retained earnings, EBIT, market value of equity, and sales, all relative to total assets or liabilities — into a single bankruptcy predictor. GVA scores 2.88, placing it in the Grey Zone (safe > 2.99, distress < 1.81). 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. GVA 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. GVA's score of -2.52 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. GVA's implied 0.1% bankruptcy probability is well within safe territory. Our Credit Rating model scores companies on five weighted components — solvency (30%), earning power (25%), leverage (20%), liquidity (15%), and cash flow quality (10%) — then blends the absolute score with sector and industry peer rankings. For companies with large buyback programs, equity is adjusted by adding back cumulative 5-year repurchases (capped at 80% of FCF generated) to avoid penalizing shareholder-friendly capital allocation. GVA receives an estimated rating of BBB+ (score: 61.6/100), 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). GVA's score of 75/100 is high — cash flows strongly support reported earnings.

Valuation

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

P/E
30.72x
PEG
0.62x
P/S
1.23x
P/B
5.50x
P/FCF
17.27x
P/OCF
12.01x
EV/EBITDA
12.95x
EV/Revenue
1.35x
EV/EBIT
20.38x
EV/FCF
20.65x
Earnings Yield
3.54%
FCF Yield
5.79%
Shareholder Yield
1.42%
Graham Number
$50.89
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 30.7x earnings, GVA commands a growth premium. Graham's intrinsic value formula yields $50.89 per share, 155% 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
0.660
NI / EBT
×
Interest Burden
0.916
EBT / EBIT
×
EBIT Margin
0.066
EBIT / Rev
×
Asset Turnover
1.314
Rev / Assets
×
Equity Multiplier
3.216
Assets / Equity
=
ROE
16.9%
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. GVA's ROE of 16.9% is driven by financial leverage (equity multiplier: 3.22x). 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.

Adj. Growth Rate
38.07%
Fair P/E
84.63x
Intrinsic Value
$359.61
Price/Value
0.33x
Margin of Safety
66.66%
Premium
-66.66%
Assessment
Undervalued
Graham's classic formula uses analyst-projected growth to estimate a fair P/E (8.5 + 2g). Our adjusted version replaces that projection with GVA's realized 38.1% 3-year EPS CAGR — what the company actually delivered, not what analysts hope for. At an intrinsic value of $359.61, GVA appears undervalued with a 67% margin of safety. The adjusted fair P/E of 84.6x compares to the current market P/E of 30.7x.

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
$130.07
Median 1Y
$139.82
5th Pctile
$68.91
95th Pctile
$284.87
Ann. Volatility
43.9%
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
William G. Dorey
President Chief Executive Officer (CEO)
$500,000 $— $2,552,523
Mark E. Boitano
Senior Vice President
$400,000 $— $1,783,820
James H. Roberts
Executive Vice President Chief Operating Officer (COO)
$316,667 $— $1,471,718
Michael F. Donnino
Senior Vice President Group Manager
$300,000 $— $1,360,209
LeAnne M. Stewart
Senior Vice President Chief Financial Officer (CFO)
$360,000 $— $1,163,322

CEO Pay Ratio

16:1
CEO-to-Employee Pay Ratio
CEO Total Comp: $2,552,523
Avg Employee Cost (SGA/emp): $163,024
Employees: 2,500

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
2,500
+8.7% YoY
Revenue / Employee
$1,769,752
Rev: $4,424,379,000
Profit / Employee
$77,201
NI: $193,003,000
SGA / Employee
$163,024
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 Q2'21 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 Current
ROE -9.0% 3.0% 1.0% 5.1% 1.4% 4.9% 7.0% 7.4% 3.6% 2.4% 4.5% 3.7% 9.3% 11.5% 12.7% 12.4% 15.9% 18.3% 17.6% 16.9% 16.86%
ROA -3.9% 1.3% 0.4% 2.0% 0.6% 2.0% 2.9% 3.0% 1.5% 1.0% 1.8% 1.4% 3.6% 4.5% 4.3% 4.2% 5.4% 6.2% 5.5% 5.2% 5.24%
ROIC -13.1% 1.1% -2.8% 0.5% -1.1% 5.0% 7.4% 5.9% 4.8% 2.0% 3.6% 3.4% 8.6% 11.1% 13.2% 13.6% 15.4% 17.7% 9.3% 9.5% 9.53%
ROCE -7.2% 1.7% -1.6% 2.8% 2.3% 3.3% 7.0% 5.8% 2.6% 4.4% 4.4% 4.5% 8.7% 10.5% 11.3% 11.2% 13.8% 16.0% 12.0% 12.0% 12.01%
Gross Margin 11.8% 11.3% 1.7% 9.2% 11.5% 11.4% 11.6% 5.8% 11.5% 14.9% 10.1% 8.1% 15.2% 15.9% 15.4% 12.0% 17.7% 18.2% 14.4% 12.0% 12.04%
Operating Margin 4.2% 4.1% -8.1% -2.4% 3.5% 5.4% 1.1% -7.7% 3.2% 6.6% 2.2% -6.4% 7.9% 8.2% 6.2% -5.7% 9.2% 10.0% 5.2% -3.4% -3.40%
Net Margin 6.5% 3.3% -4.2% -4.1% 2.2% 6.9% 0.7% -4.1% -1.9% 5.2% 2.8% -4.6% 3.4% 6.2% 4.2% -4.8% 6.4% 7.2% 4.5% -4.6% -4.57%
EBITDA Margin 8.1% 7.0% -0.7% 0.2% 5.6% 8.9% 5.1% -2.3% 1.2% 9.7% 6.8% -0.3% 8.7% 11.9% 11.1% -0.3% 13.4% 14.6% 9.5% 1.3% 1.26%
FCF Margin 4.0% 2.9% -2.6% -6.1% -6.0% -6.1% -2.0% -3.2% -2.7% -0.8% 1.2% 4.3% 5.2% 7.4% 8.0% 7.3% 7.6% 8.2% 7.5% 6.5% 6.52%
OCF Margin 6.6% 5.6% 0.8% -2.3% -1.7% -1.9% 1.7% 0.9% 1.2% 3.1% 5.2% 7.9% 8.5% 10.9% 11.4% 10.8% 10.8% 10.9% 10.6% 9.4% 9.37%
ROE 3Y Avg snapshot only 10.51%
ROE 5Y Avg snapshot only 8.81%
ROA 3Y Avg snapshot only 3.31%
ROIC 3Y Avg snapshot only 6.87%
ROIC Economic snapshot only 7.74%
Cash ROA snapshot only 10.78%
Cash ROIC snapshot only 19.73%
CROIC snapshot only 13.72%
NOPAT Margin snapshot only 4.52%
Pretax Margin snapshot only 6.05%
R&D / Revenue snapshot only 0.00%
SGA / Revenue snapshot only 9.33%
SBC / Revenue snapshot only 1.04%
Valuation
Metric Trend Q2'21 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 Current
P/E Ratio -19.95 57.87 176.03 29.16 91.18 26.66 26.33 24.92 49.04 86.27 61.81 69.85 36.23 37.23 36.61 26.43 31.01 31.83 32.00 28.21 30.717
P/S Ratio 0.55 0.53 0.64 0.50 0.44 0.45 0.53 0.55 0.53 0.60 0.77 0.69 0.85 1.04 1.15 0.81 1.20 1.37 1.40 1.13 1.231
P/B Ratio 1.94 1.86 1.84 1.49 1.30 1.32 1.85 1.85 1.80 2.11 2.76 2.55 3.32 4.22 4.56 3.22 4.84 5.72 5.24 4.43 5.505
P/FCF 13.76 18.42 -24.39 -8.32 -7.31 -7.44 -26.72 -17.32 -19.47 -70.91 62.20 15.89 16.45 14.06 14.46 11.07 15.90 16.76 18.68 17.27 17.268
P/OCF 8.41 9.55 81.04 31.67 60.42 42.91 19.24 14.67 8.75 9.99 9.53 10.13 7.50 11.18 12.56 13.17 12.01 12.013
EV/EBITDA 312.11 11.84 18.21 8.70 8.57 7.82 8.86 9.62 12.02 12.45 16.43 14.32 12.67 13.79 13.45 9.61 12.31 12.70 15.37 12.95 12.950
EV/Revenue 0.49 0.46 0.56 0.43 0.36 0.38 0.48 0.49 0.47 0.54 0.80 0.72 0.88 1.07 1.18 0.84 1.23 1.40 1.63 1.35 1.346
EV/EBIT -16.05 65.83 -67.67 30.42 31.34 22.79 16.48 20.04 42.53 30.06 35.82 32.58 21.59 22.55 20.99 15.07 18.29 18.59 23.61 20.38 20.382
EV/FCF 12.05 16.02 -21.47 -7.10 -6.07 -6.20 -24.02 -15.57 -17.45 -64.63 64.75 16.59 17.01 14.44 14.79 11.43 16.24 17.07 21.77 20.65 20.654
Earnings Yield -5.0% 1.7% 0.6% 3.4% 1.1% 3.8% 3.8% 4.0% 2.0% 1.2% 1.6% 1.4% 2.8% 2.7% 2.7% 3.8% 3.2% 3.1% 3.1% 3.5% 3.54%
FCF Yield 7.3% 5.4% -4.1% -12.0% -13.7% -13.4% -3.7% -5.8% -5.1% -1.4% 1.6% 6.3% 6.1% 7.1% 6.9% 9.0% 6.3% 6.0% 5.4% 5.8% 5.79%
PEG Ratio snapshot only 0.621
Price/Tangible Book snapshot only 8.716
EV/OCF snapshot only 14.368
EV/Gross Profit snapshot only 8.465
Acquirers Multiple snapshot only 22.527
Shareholder Yield snapshot only 1.42%
Graham Number snapshot only $50.89
Leverage & Solvency
Metric Trend Q2'21 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 Current
Current Ratio 1.54 1.54 1.71 1.71 1.71 1.71 1.69 1.69 1.69 1.69 1.60 1.60 1.60 1.60 1.66 1.66 1.66 1.66 1.22 1.22 1.223
Quick Ratio 1.48 1.48 1.65 1.65 1.65 1.65 1.58 1.58 1.58 1.58 1.49 1.49 1.49 1.49 1.56 1.56 1.56 1.56 1.13 1.13 1.126
Debt/Equity 0.39 0.39 0.39 0.39 0.39 0.39 0.36 0.36 0.36 0.36 0.75 0.75 0.75 0.75 0.82 0.82 0.82 0.82 1.38 1.38 1.377
Net Debt/Equity -0.24 -0.24 -0.22 -0.22 -0.22 -0.22 -0.19 -0.19 -0.19 -0.19 0.11 0.11 0.11 0.11 0.10 0.10 0.10 0.10 0.87 0.87 0.868
Debt/Assets 0.16 0.16 0.15 0.15 0.15 0.15 0.16 0.16 0.16 0.16 0.26 0.26 0.26 0.26 0.28 0.28 0.28 0.28 0.40 0.40 0.403
Debt/EBITDA 71.30 2.84 4.34 2.63 3.06 2.73 1.90 2.06 2.65 2.31 4.30 4.05 2.78 2.39 2.37 2.37 2.04 1.79 3.47 3.37 3.368
Net Debt/EBITDA -44.35 -1.77 -2.48 -1.50 -1.75 -1.56 -1.00 -1.08 -1.39 -1.21 0.65 0.61 0.42 0.36 0.30 0.30 0.26 0.23 2.18 2.12 2.123
Interest Coverage -4.39 1.07 -1.14 2.19 1.97 3.28 7.62 6.62 2.97 4.20 4.24 3.37 6.25 6.74 7.72 7.76 8.73 8.62 6.46 5.49 5.488
Equity Multiplier 2.44 2.44 2.58 2.58 2.58 2.58 2.27 2.27 2.27 2.27 2.88 2.88 2.88 2.88 2.98 2.98 2.98 2.98 3.42 3.42 3.418
Cash Ratio snapshot only 0.405
Debt Service Coverage snapshot only 8.638
Cash to Debt snapshot only 0.370
FCF to Debt snapshot only 0.186
Defensive Interval snapshot only 1163.9 days
Efficiency & Turnover
Metric Trend Q2'21 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 Current
Asset Turnover 1.40 1.40 1.14 1.18 1.18 1.16 1.42 1.37 1.40 1.44 1.41 1.45 1.53 1.59 1.37 1.38 1.40 1.45 1.25 1.31 1.314
Inventory Turnover 40.00 40.04 40.18 41.48 41.73 40.95 39.45 38.57 39.16 39.91 32.64 33.59 34.87 36.16 32.39 32.37 32.46 33.40 29.55 31.04 31.038
Receivables Turnover 6.93 6.92 6.16 6.35 6.38 6.26 7.11 6.90 7.01 7.24 6.60 6.82 7.16 7.46 8.16 8.21 8.30 8.62 7.07 7.41 7.412
Payables Turnover 8.38 8.39 7.74 7.99 8.04 7.89 8.91 8.71 8.84 9.01 8.38 8.62 8.95 9.28 8.42 8.42 8.44 8.69 8.87 9.31 9.313
DSO 53 53 59 57 57 58 51 53 52 50 55 54 51 49 45 44 44 42 52 49 49.2 days
DIO 9 9 9 9 9 9 9 9 9 9 11 11 10 10 11 11 11 11 12 12 11.8 days
DPO 44 43 47 46 45 46 41 42 41 40 44 42 41 39 43 43 43 42 41 39 39.2 days
Cash Conversion Cycle 18 18 21 21 21 21 20 20 20 19 23 22 21 20 13 12 12 11 23 22 21.8 days
Fixed Asset Turnover snapshot only 3.281
Operating Cycle snapshot only 61.0 days
Cash Velocity snapshot only 7.726
Capital Intensity snapshot only 0.869
Growth (YoY)
Metric Trend Q2'21 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 Current
Revenue -4.9% -4.4% -22.0% -18.0% -15.6% -17.1% 18.8% 11.9% 13.0% 19.0% 6.4% 13.0% 16.9% 17.9% 14.2% 11.4% 7.2% 6.9% 10.4% 14.9% 14.93%
Net Income -10.3% 1.3% 1.1% 1.3% 1.1% 53.4% 5.6% 42.6% 1.5% -51.5% -34.9% -49.6% 1.6% 3.8% 1.9% 2.5% 77.0% 64.6% 52.8% 49.6% 49.56%
EPS -10.0% 1.3% 1.1% 1.3% 1.2% 41.7% 5.2% 49.0% 1.6% -53.1% -37.5% -49.8% 1.1% 3.9% 1.9% 2.5% 77.4% 62.7% 51.1% 49.3% 49.33%
FCF 22.0% -44.8% -1.4% -1.7% -2.3% -2.8% 9.5% 41.5% 48.8% 83.5% 1.7% 2.5% 3.2% 11.4% 6.4% 88.4% 56.8% 18.0% 3.3% 2.4% 2.38%
EBITDA -96.9% 4.3% 3.9% 5.8% 21.9% 2.6% 1.1% 16.1% 5.0% 7.7% -4.5% 10.3% 1.1% 1.1% 1.1% 93.5% 54.0% 51.5% 33.1% 37.2% 37.17%
Op. Income -4.4% 1.1% 83.3% 1.2% 1.3% 5.2% 3.9% 32.9% 50.9% 56.8% 3.8% 61.4% 1.8% 1.5% 1.6% 1.6% 66.9% 60.1% 29.4% 31.4% 31.36%
OCF Growth snapshot only -0.35%
Asset Growth snapshot only 33.21%
Equity Growth snapshot only 16.14%
Debt Growth snapshot only 94.91%
Shares Change snapshot only 0.15%
Dividend Growth snapshot only -0.13%
Growth (CAGR)
Metric Trend Q2'21 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 Current
Revenue 3Y 2.9% 1.8% -5.8% -5.3% -5.0% -5.9% -1.4% -2.5% -3.2% -1.9% -0.5% 1.2% 3.7% 5.2% 13.0% 12.1% 12.3% 14.4% 10.3% 13.1% 13.10%
Revenue 5Y 7.1% 6.6% 2.0% 2.4% 1.3% -0.2% 2.0% 0.8% 0.8% 0.8% 1.1% 1.4% 2.5% 3.2% 3.1% 3.1% 2.6% 3.5% 4.4% 5.8% 5.83%
EPS 3Y -23.2% -38.4% 37.3% 53.2% 47.9% 1.2% 38.0% 1.1% 54.9% 40.5% 38.1% 38.07%
EPS 5Y -17.7% -32.1% -0.8% -22.5% -6.9% -5.3% -4.6% -11.1% -21.3% -2.1% 14.1% 68.5%
Net Income 3Y -23.1% -38.2% 36.3% 50.5% 52.4% 1.3% 35.6% 1.3% 56.0% 42.3% 37.8% 37.82%
Net Income 5Y -14.8% -29.5% 2.1% -20.9% -2.1% -0.6% -2.8% -9.9% -19.5% 0.4% 12.8% 72.9%
EBITDA 3Y -69.2% -13.8% -24.8% -3.5% -4.3% 3.5% 3.7% 3.7% -9.2% 80.3% 2.7% 32.1% 60.0% 35.3% 49.6% 50.5% 37.9% 43.1% 43.08%
EBITDA 5Y -51.1% -6.8% -11.3% 0.7% -1.9% -1.3% 0.5% -3.6% -6.8% -6.7% -3.3% 2.9% 13.8% 20.0% 17.0% 19.0% 19.0% 79.3%
Gross Profit 3Y 3.0% -0.3% -10.7% -8.8% 5.6% 14.0% 18.0% 18.0% -0.4% 1.1% 4.8% 3.7% 7.7% 10.9% 27.4% 28.5% 31.0% 35.7% 25.0% 29.9% 29.89%
Gross Profit 5Y 4.0% 3.3% -1.7% -0.3% -0.4% -1.2% 2.9% -0.6% -0.6% 0.6% 0.4% 2.3% 14.8% 22.4% 20.9% 24.1% 13.0% 12.8% 15.6% 14.5% 14.50%
Op. Income 3Y -57.8% 1.0% 69.8% 10.1% 1.9% 78.1% 92.1% 83.7% 51.5% 77.5% 77.46%
Op. Income 5Y -43.0% -12.4% -14.4% -12.3% -4.8% -16.5% -12.1% -6.2% 4.6% 85.2% 83.6% 44.4%
FCF 3Y -37.2% -12.8% 12.8% 43.9%
FCF 5Y 1.3% 60.0% 22.4% 14.2% 13.5% 5.1% 5.06%
OCF 3Y 67.3% 25.3% -36.7% -20.7% -38.9% -43.1% -27.7% -11.9% -4.5% 13.0% 31.7% 1.8% 1.0% 1.5% 1.46%
OCF 5Y 26.1% 27.8% -21.6% -17.6% -21.1% -3.6% 1.6% 16.3% 26.5% 36.6% 57.2% 32.6% 27.8% 15.1% 10.8% 11.8% 5.9% 5.87%
Assets 3Y 8.3% 8.3% 0.2% 0.2% 0.2% 0.2% -4.7% -4.7% -4.7% -4.7% 5.7% 5.7% 5.7% 5.7% 6.6% 6.6% 6.6% 6.6% 23.0% 23.0% 22.96%
Assets 5Y 7.9% 7.9% 7.6% 7.6% 7.6% 7.6% 3.0% 3.0% 3.0% 3.0% 2.6% 2.6% 2.6% 2.6% 3.9% 3.9% 3.9% 3.9% 11.1% 11.1% 11.11%
Equity 3Y 1.1% 1.1% -10.5% -10.5% -10.5% -10.5% -5.8% -5.8% -5.8% -5.8% 0.1% 0.1% 0.1% 0.1% 1.6% 1.6% 1.6% 1.6% 7.4% 7.4% 7.35%
Book Value 3Y -3.9% 1.0% -10.9% -9.9% -9.0% -13.3% -8.5% -4.6% -4.2% -10.7% -4.7% 1.3% -3.2% -2.9% -1.8% 3.3% -3.9% 0.9% 6.0% 7.5% 7.54%
Dividend 3Y -5.3% -0.2% -0.2% 0.8% 1.7% -3.4% -3.6% 0.1% 0.4% -6.2% -5.4% 1.0% -3.1% -2.8% -3.3% 1.6% -5.6% -0.9% -1.4% 0.1% 0.14%
Growth Quality
Metric Trend Q2'21 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 Current
Revenue Stability 0.83 0.79 0.16 0.18 0.09 0.01 0.00 0.01 0.03 0.04 0.00 0.00 0.08 0.13 0.29 0.31 0.26 0.36 0.57 0.64 0.641
Earnings Stability 0.64 0.28 0.40 0.21 0.21 0.01 0.01 0.00 0.00 0.06 0.13 0.22 0.59 0.83 0.74 0.72 0.68 0.84 0.88 0.77 0.774
Margin Stability 0.79 0.72 0.78 0.77 0.84 0.76 0.81 0.78 0.93 0.93 0.92 0.94 0.80 0.72 0.73 0.69 0.78 0.79 0.79 0.80 0.802
Rev. Growth Consistency 0.00 0.00 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 1.000
Earn. Growth Consistency 0.00 1.00 0.50 0.50 0.50 1.00 1.00 1.00 1.00 0.00 0.00 0.00 1.00 0.50 0.50 0.50 1.00 1.00 1.00 1.00 1.000
FCF Positive Streak 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 1 1 1
Earnings Persistence 0.20 0.20 0.20 0.20 0.20 0.50 0.50 0.50 0.50 0.50 0.86 0.80 0.50 0.50 0.50 0.50 0.50 0.50 0.50 0.80 0.802
Earnings Smoothness 0.58 0.00 0.65 0.13 0.31 0.58 0.34 0.12 0.00 0.03 0.00 0.44 0.51 0.58 0.60 0.603
ROE Trend -0.08 0.12 0.11 0.17 0.06 0.08 0.14 0.12 0.08 -0.02 0.00 -0.03 0.07 0.08 0.07 0.07 0.09 0.11 0.08 0.08 0.078
Gross Margin Trend 0.03 0.03 0.02 0.02 -0.01 -0.01 0.01 0.00 -0.00 0.01 0.01 0.01 0.02 0.02 0.03 0.04 0.04 0.04 0.03 0.03 0.027
FCF Margin Trend 0.03 0.01 -0.05 -0.10 -0.10 -0.10 -0.03 -0.04 -0.02 0.01 0.04 0.09 0.10 0.11 0.08 0.07 0.06 0.05 0.03 0.01 0.007
Sustainable Growth Rate 0.7% -1.4% 2.6% -1.0% 2.5% 4.5% 5.0% 1.3% 0.1% 2.2% 1.3% 6.9% 9.1% 10.4% 10.1% 13.6% 16.0% 15.5% 14.8% 14.79%
Internal Growth Rate 0.3% 1.1% 1.0% 1.9% 2.1% 0.5% 0.0% 0.8% 0.5% 2.7% 3.7% 3.7% 3.6% 4.9% 5.8% 5.1% 4.8% 4.82%
Cash Flow Quality
Metric Trend Q2'21 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 Current
OCF/Net Income -2.37 6.06 2.17 -1.34 -3.65 -1.10 0.83 0.41 1.14 4.48 4.21 7.98 3.63 3.91 3.61 3.52 2.77 2.53 2.43 2.35 2.349
FCF/OCF 0.61 0.52 -3.32 2.62 3.42 3.27 -1.19 -3.49 -2.20 -0.27 0.24 0.55 0.61 0.68 0.70 0.68 0.70 0.75 0.71 0.70 0.696
FCF/Net Income snapshot only 1.634
OCF/EBITDA snapshot only 0.901
CapEx/Revenue 2.6% 2.7% 3.4% 3.7% 4.2% 4.2% 3.7% 4.1% 3.9% 4.0% 4.0% 3.5% 3.4% 3.5% 3.4% 3.5% 3.2% 2.7% 3.1% 2.9% 2.85%
CapEx/Depreciation snapshot only 0.752
Accruals Ratio -0.13 -0.06 -0.00 0.05 0.03 0.04 0.00 0.02 -0.00 -0.03 -0.06 -0.10 -0.09 -0.13 -0.11 -0.11 -0.10 -0.10 -0.08 -0.07 -0.071
Sloan Accruals snapshot only -0.150
Cash Flow Adequacy snapshot only 2.804
Earnings Quality Score snapshot only 0.750
Dividends & Buybacks
Metric Trend Q2'21 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 Current
Dividend Yield 1.3% 1.3% 1.3% 1.6% 1.9% 1.8% 1.3% 1.3% 1.3% 1.1% 0.8% 0.9% 0.7% 0.6% 0.5% 0.7% 0.5% 0.4% 0.4% 0.4% 0.40%
Dividend/Share $0.50 $0.50 $0.50 $0.52 $0.53 $0.45 $0.45 $0.53 $0.52 $0.42 $0.43 $0.52 $0.43 $0.44 $0.43 $0.52 $0.43 $0.43 $0.42 $0.52 $0.52
Payout Ratio 75.9% 2.4% 48.1% 1.7% 49.0% 34.8% 32.6% 65.2% 97.8% 52.3% 64.1% 25.5% 20.6% 18.1% 18.4% 14.3% 12.4% 11.8% 12.3% 12.28%
FCF Payout Ratio 17.3% 24.2% 52.7% 14.6% 11.6% 7.8% 7.1% 7.7% 7.3% 6.6% 6.9% 7.5% 7.52%
Total Payout Ratio 84.7% 2.6% 89.7% 6.8% 2.0% 1.4% 1.1% 77.5% 1.2% 61.8% 86.6% 49.6% 40.1% 58.1% 65.6% 42.6% 40.3% 36.7% 40.1% 40.10%
Div. Increase Streak 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Chowder Number 0.00 0.01 0.02 0.02 0.02 0.01 -0.01 -0.02 -0.03 -0.02 -0.01 0.00 0.01 0.01 0.01 0.00 -0.00 -0.00 -0.00 0.00 0.003
Buyback Yield 0.1% 0.2% 0.2% 1.4% 5.6% 5.5% 4.0% 3.1% 0.3% 0.2% 0.2% 0.3% 0.7% 0.5% 1.1% 1.8% 0.9% 0.9% 0.8% 1.0% 0.99%
Net Buyback Yield 0.1% 0.2% 0.2% 1.4% 5.6% 5.5% 4.0% 3.1% 0.3% 0.2% 0.2% 0.3% 0.7% 0.5% 1.1% 1.8% 0.9% 0.9% 0.8% 1.0% 0.99%
Total Shareholder Return 1.4% 1.5% 1.5% 3.1% 7.5% 7.4% 5.3% 4.4% 1.6% 1.3% 1.0% 1.2% 1.4% 1.1% 1.6% 2.5% 1.4% 1.3% 1.1% 1.4% 1.42%
DuPont Factors
Metric Trend Q2'21 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 Current
Tax Burden (NI/EBT) 0.75 18.99 -0.23 2.25 0.84 1.47 0.80 1.05 1.46 0.50 0.73 0.63 0.69 0.69 0.64 0.63 0.65 0.65 0.67 0.66 0.660
Interest Burden (EBT/EBIT) 1.23 0.07 1.88 0.54 0.49 0.70 0.87 0.85 0.66 0.76 0.76 0.70 0.84 0.85 0.87 0.87 0.89 0.88 0.95 0.92 0.916
EBIT Margin -0.03 0.01 -0.01 0.01 0.01 0.02 0.03 0.02 0.01 0.02 0.02 0.02 0.04 0.05 0.06 0.06 0.07 0.08 0.07 0.07 0.066
Asset Turnover 1.40 1.40 1.14 1.18 1.18 1.16 1.42 1.37 1.40 1.44 1.41 1.45 1.53 1.59 1.37 1.38 1.40 1.45 1.25 1.31 1.314
Equity Multiplier 2.31 2.31 2.51 2.51 2.51 2.51 2.43 2.43 2.43 2.43 2.58 2.58 2.58 2.58 2.93 2.93 2.93 2.93 3.22 3.22 3.216
Per Share
Metric Trend Q2'21 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 Current
EPS (Diluted TTM) $-1.99 $0.65 $0.21 $1.08 $0.31 $0.93 $1.30 $1.61 $0.80 $0.43 $0.81 $0.81 $1.70 $2.12 $2.39 $2.85 $3.01 $3.44 $3.61 $4.25 $4.25
Book Value/Share $20.41 $20.37 $20.23 $21.16 $21.73 $18.66 $18.51 $21.78 $21.71 $17.78 $18.23 $22.22 $18.54 $18.66 $19.17 $23.36 $19.30 $19.17 $22.02 $27.09 $24.83
Tangible Book/Share $19.07 $19.02 $18.91 $19.78 $20.31 $17.44 $16.90 $19.88 $19.82 $16.23 $13.15 $16.03 $13.37 $13.46 $12.71 $15.48 $12.79 $12.70 $11.18 $13.75 $13.75
Revenue/Share $71.38 $71.15 $58.05 $62.64 $64.65 $54.49 $64.09 $73.24 $74.15 $62.72 $65.46 $82.33 $72.17 $75.70 $75.68 $92.83 $77.51 $79.98 $82.65 $106.53 $106.53
FCF/Share $2.88 $2.05 $-1.52 $-3.80 $-3.86 $-3.32 $-1.28 $-2.32 $-2.01 $-0.53 $0.81 $3.56 $3.74 $5.60 $6.04 $6.79 $5.88 $6.54 $6.18 $6.94 $6.94
OCF/Share $4.71 $3.96 $0.46 $-1.45 $-1.13 $-1.01 $1.08 $0.67 $0.91 $1.95 $3.43 $6.47 $6.16 $8.27 $8.62 $10.03 $8.36 $8.73 $8.76 $9.98 $9.98
Cash/Share $12.85 $12.82 $12.24 $12.80 $13.15 $11.29 $10.05 $11.82 $11.78 $9.65 $11.65 $14.20 $11.85 $11.93 $13.72 $16.72 $13.81 $13.72 $11.21 $13.79 $7.23
EBITDA/Share $0.11 $2.78 $1.80 $3.10 $2.74 $2.63 $3.47 $3.76 $2.91 $2.74 $3.19 $4.13 $5.02 $5.87 $6.64 $8.08 $7.75 $8.79 $8.75 $11.07 $11.07
Debt/Share $7.92 $7.90 $7.79 $8.15 $8.37 $7.19 $6.59 $7.75 $7.73 $6.33 $13.71 $16.71 $13.94 $14.04 $15.73 $19.16 $15.83 $15.72 $30.32 $37.29 $37.29
Net Debt/Share $-4.93 $-4.92 $-4.45 $-4.65 $-4.78 $-4.10 $-3.46 $-4.07 $-4.05 $-3.32 $2.06 $2.51 $2.09 $2.11 $2.01 $2.45 $2.02 $2.01 $19.11 $23.50 $23.50
Academic Models
Metric Trend Q2'21 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 Current
Altman Z-Score 2.883
Altman Z-Prime snapshot only 3.626
Piotroski F-Score 3 4 6 4 5 5 5 5 6 5 4 5 7 8 9 9 9 8 5 6 6
Beneish M-Score -3.46 -3.05 1.77 -2.40 -2.52 -2.43 -2.03 -1.71 -2.15 -2.45 -2.24 -2.67 -2.61 -2.69 -3.13 -3.14 -2.98 -2.93 -2.56 -2.52 -2.518
Ohlson O-Score snapshot only -6.670
ROIC (Greenblatt) snapshot only 17.56%
Net-Net WC snapshot only $-22.90
EVA snapshot only $-10457773.66
Credit
Metric Trend Q2'21 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 Current
Credit Rating snapshot only BBB+
Credit Score 43.46 54.51 35.68 48.88 44.71 53.23 73.50 68.16 60.40 65.71 55.73 58.62 71.02 75.11 78.63 75.85 78.30 84.33 67.14 61.62 61.620
Credit Grade snapshot only 8
Credit Trend snapshot only -14.233
Implied Spread (bps) snapshot only 225.000
Industry Credit Rank snapshot only 59
Sector Credit Rank snapshot only 48

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