$60.13

-0.07 (-0.12%)

Weekly Expected Move ±1.9%

$58 $59 $60 $61 $62

NASDAQ · Utilities · Regulated Water · Tech Score Sell · Power 39 · $2.5B mcap · 36M float · 1.22% daily turnover · Short 68% 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

50.0 / 100

NoneWeakNarrowWide

Primary source: Switching Costs · ROIC: 4.4% · 5Y Avg: 3.3%

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. HTO shows a Weak competitive edge (50.0/100) — limited structural advantages that may face competitive pressure. The primary source of advantage is Switching Costs. ROIC of 4.4% 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

$66

Low

$69

Avg Target

$72

High

Based on 4 analysts since Jul 27, 2026 earnings

Analyst Recommendations

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

Rating Summary

ConsensusBuy

Avg Target$68.17

Analysts6

Price Target Change History

Date	Firm	Analyst	Old	New	Change	Upside @ Call	Stock@Call
2026-09-30	Barclays	—	$67	$66	-1	+7.1%	$61.65
2026-08-12	Seaport Global	—	Initiated	$67	—	+7.6%	$62.29
2026-07-29	BTIG	—	$67	$70	+3	+8.9%	$64.25
2026-07-29	Robert W. Baird	—	Initiated	$72	—	+12.1%	$64.25
2026-07-23	BTIG	—	$61	$67	+6	+4.8%	$63.93
2026-07-15	Barclays	—	$63	$67	+4	+6.5%	$62.94
2026-05-11	Wells Fargo	—	Initiated	$60	—	+4.5%	$57.39
2026-04-16	Cowen & Co.	—	Initiated	$64	—	+7.7%	$59.42
2026-03-09	Barclays	—	$61	$63	+2	+7.6%	$58.57
2026-03-03	BTIG	Alex Kania	Initiated	$61	—	+9.0%	$55.98
2026-02-23	Barclays	—	Initiated	$61	—	+10.5%	$55.19
2026-01-09	UBS	—	Initiated	$61	—	+19.8%	$50.90

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-

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. HTO receives an overall rating of B-. Strongest factors: ROA (4/5). Areas of concern: DCF (1/5), ROE (2/5), D/E (2/5), P/E (2/5).

Rating Change History

Date	From	To
2026-09-30	C+	B-
2026-09-21	B-	C+
2026-09-08	C+	B-
2026-08-10	B-	C+
2026-08-03	C+	B-
2026-07-29	B-	C+
2026-05-01	B	B-
2026-04-30	C+	B
2026-04-28	B	C+
2026-04-27	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.

★ ★ ★ ★ ★ 39 Grade B

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. HTO scores highest in Earnings Quality (76/100) and lowest in Safety (15/100). A grade of B indicates above-average fundamentals with room for improvement in select areas.

Risk & Quality Signals

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

Altman Z-Score

0.86

Distress Zone

Piotroski F-Score

6/9

✓ ✓ ✗ ✓ ✓ ✓ ✗ ✓ ✗

Beneish M-Score

-2.65

Unlikely Manipulator

Ohlson O-Score

-6.63

Bankruptcy prob: 0.1%

Low Risk

Credit Rating

BB-

Score: 36.1/100

Trend: Improving

Earnings Quality

100/100

OCF/NI: 2.29x

Accruals: -2.7%

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. HTO scores 0.86, placing it in the Distress Zone (safe > 2.99, distress < 1.81). Historically, companies in this range face elevated bankruptcy risk. The Piotroski F-Score (2000) is a 9-point binary checklist — four profitability tests (positive ROA, positive cash flow, improving ROA, cash flow exceeding net income), three leverage tests (declining debt ratio, improving current ratio, no share dilution), and two efficiency tests (improving gross margin, improving asset turnover). Each pass scores 1 point. HTO 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. HTO's score of -2.65 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. HTO'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. HTO receives an estimated rating of BB- (score: 36.1/100), with a improving trend. The Earnings Quality score measures how well reported earnings are backed by real cash. It evaluates the operating cash flow to net income ratio (OCF/NI ≥ 1.0 means every dollar of earnings is cash-backed) and the accruals ratio (the gap between earnings and cash flow relative to assets — lower is better). HTO'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

21.02x

PEG

-3.22x

P/S

3.04x

P/B

1.30x

P/FCF

-44.59x

P/OCF

10.13x

EV/EBITDA

13.60x

EV/Revenue

5.16x

EV/EBIT

22.31x

EV/FCF

-76.67x

Earnings Yield

4.30%

FCF Yield

-2.24%

Shareholder Yield

2.58%

Graham Number

$51.51

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 21.0x earnings, HTO commands a growth premium. Graham's intrinsic value formula yields $51.51 per share, 17% 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

0.902

NI / EBT

Interest Burden

0.619

EBT / EBIT

EBIT Margin

0.231

EBIT / Rev

Asset Turnover

0.161

Rev / Assets

Equity Multiplier

3.107

Assets / Equity

ROE

6.5%

The 5-factor DuPont identity decomposes ROE as: Tax Burden × Interest Burden × EBIT Margin × Asset Turnover × Equity Multiplier = ROE. This reveals whether returns are driven by operating performance, financial leverage, or tax efficiency — three very different sources of profitability. HTO's ROE of 6.5% is driven by financial leverage (equity multiplier: 3.11x). Note: high leverage means ROE is amplified by debt rather than operational performance. A tax burden ratio of 0.90 indicates minimal tax leakage — the company retains over 90% of pre-tax earnings.

Graham-Dodd Adjusted Valuation

Our adaptation of Graham's growth formula (Fair P/E = 8.5 + 2g) from The Intelligent Investor. The classic version relies on analyst growth projections, which can be unreliable. This adjusted model substitutes the company's realized 3-year EPS CAGR — a backward-looking, verifiable measure of actual earnings power — grounding the valuation in demonstrated performance rather than forecasts.

Two adjustments we make, and why. Growth is capped at 15%. Graham defined g as expected growth over the next seven to ten years, not last year's rate. Across US companies since 1994 the median realized 7-year EPS growth is 5–8% regardless of how fast a company grew beforehand, and of 4,457 company-quarters that grew faster than 200%, none sustained it. Uncapped, the formula assigned fair multiples in the hundreds to companies that had never held that rate — and scored worse than simply reading the P/E. Capped, it carries real information. The verdict has three states, not two. Tested over 377,249 stock-months, this ratio only separates outcomes at its extremes: below 0.25 beat the universe by 1.3 points a year, above 3.0 lagged by 2.7, and everything in between sat inside a one-point band. Rather than call two-thirds of the market "undervalued" on a threshold of 1.0, we say Neutral where the model cannot tell — which is most of the time.

Adj. Growth Rate

0.00%

Fair P/E

8.50x

Intrinsic Value

$22.23

Price/Value

2.73x

Margin of Safety

-173.38%

Premium

173.38%

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 HTO's realized 0.0% 3-year EPS CAGR, capped at 15% — demonstrated performance rather than forecasts, held to a rate companies have historically sustained. HTO trades at a 173% premium to its adjusted intrinsic value of $22.23, suggesting the market is pricing in future growth beyond what historical earnings support. The adjusted fair P/E of 8.5x compares to the current market P/E of 21.0x.

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

$60.13

Median 1Y

$57.28

5th Pctile

$36.31

95th Pctile

$90.35

Ann. Volatility

29.8%

Analyst Target

$68.17

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
Eric W. Thornburg Former President, Chief Executive Officer and Chairman of the Board	$461,572	$1,783,435	$3,065,270
Andrew F. Walters Chief Executive Officer and Chairman of the Board	$619,308	$1,690,019	$2,872,942
Kristen A. Johnson President of Shared Services, Senior Vice President and Chief Administrative Officer	$543,809	$395,349	$1,738,923
Bruce A. Hauk President and Chief Operating Officer	$543,598	$471,538	$1,391,132
Willie Brown Counsel esident and General Counsel	$460,000	$286,655	$1,080,110
Ann P. Kelly Chief Financial Officer and Treasurer	$451,230	$351,834	$1,075,205

CEO Pay Ratio

17:1

CEO-to-Employee Pay Ratio

CEO Total Comp: $3,065,270

Avg Employee Cost (SGA/emp): $180,701

Employees: 837

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

837

+1.8% YoY

Revenue / Employee

$956,499

Rev: $800,590,000

Profit / Employee

$122,554

NI: $102,578,000

SGA / Employee

$180,701

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	5.8%	6.2%	6.1%	5.1%	5.7%	6.9%	7.5%	8.0%	8.8%	7.3%	7.1%	7.1%	7.0%	7.2%	7.5%	7.5%	7.6%	7.1%	6.5%	6.5%	6.46%
ROA	1.7%	1.8%	1.8%	1.5%	1.6%	2.0%	2.3%	2.4%	2.7%	2.1%	2.1%	2.1%	2.1%	2.1%	2.2%	2.2%	2.7%	3.0%	2.1%	2.1%	2.08%
ROIC	3.8%	3.7%	3.8%	3.5%	3.7%	4.3%	4.6%	4.9%	5.2%	4.7%	4.7%	4.7%	4.7%	4.9%	5.0%	4.9%	4.8%	4.5%	4.5%	4.4%	4.43%
ROCE	3.6%	3.7%	3.8%	3.6%	3.7%	4.0%	4.4%	4.5%	4.9%	3.9%	4.0%	4.2%	4.0%	4.0%	4.1%	4.1%	6.0%	10.0%	3.7%	3.6%	3.64%
Gross Margin	53.0%	57.7%	57.3%	55.3%	54.2%	63.1%	61.3%	56.5%	56.5%	58.2%	60.9%	55.5%	53.7%	58.4%	60.3%	55.4%	55.8%	47.2%	63.8%	59.4%	59.39%
Operating Margin	20.2%	22.7%	13.3%	17.7%	21.4%	29.4%	18.3%	19.9%	27.6%	21.3%	18.7%	23.0%	25.9%	22.1%	21.4%	22.1%	26.9%	17.3%	20.4%	20.3%	20.31%
Net Margin	11.4%	12.8%	3.0%	7.6%	14.2%	19.5%	8.4%	11.7%	17.7%	11.1%	7.8%	11.7%	17.2%	11.6%	9.9%	12.4%	18.8%	8.4%	10.4%	12.6%	12.63%
EBITDA Margin	35.3%	42.6%	37.5%	36.2%	37.2%	47.2%	40.2%	38.1%	41.3%	38.3%	40.5%	40.7%	38.2%	36.0%	40.5%	39.1%	40.6%	32.2%	40.1%	38.3%	38.32%
FCF Margin	-21.9%	-21.6%	-18.8%	-20.0%	-15.3%	-12.6%	-12.4%	-11.4%	-11.6%	-14.9%	-17.3%	-20.3%	-23.3%	-24.7%	-26.6%	-28.9%	14.4%	-7.2%	-8.0%	-6.7%	-6.73%
OCF Margin	23.5%	22.7%	24.3%	25.3%	27.0%	26.8%	27.1%	28.1%	29.3%	28.5%	28.1%	27.6%	25.7%	26.1%	24.5%	25.2%	27.7%	30.6%	30.1%	29.6%	29.60%
ROE 3Y Avg	snapshot only																				6.56%
ROE 5Y Avg	snapshot only																				6.44%
ROA 3Y Avg	snapshot only																				2.02%
ROIC 3Y Avg	snapshot only																				3.41%
ROIC Economic	snapshot only																				4.33%
Cash ROA	snapshot only																				4.51%
Cash ROIC	snapshot only																				6.75%
CROIC	snapshot only																				-1.53%
NOPAT Margin	snapshot only																				19.42%
Pretax Margin	snapshot only																				14.31%
R&D / Revenue	snapshot only																				0.00%
SGA / Revenue	snapshot only																				18.13%
SBC / Revenue	snapshot only																				0.81%

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	34.83	35.79	33.72	35.83	29.71	33.24	28.57	24.66	18.97	24.26	21.01	19.77	20.95	17.27	18.44	17.48	15.88	17.20	21.53	23.24	21.024
P/S Ratio	3.42	3.77	3.56	3.21	2.92	3.94	3.67	3.40	2.82	3.08	2.62	2.47	2.61	2.17	2.38	2.28	2.16	2.20	2.77	3.00	3.038
P/B Ratio	1.95	2.09	2.02	1.81	1.64	2.20	2.02	1.84	1.55	1.67	1.44	1.36	1.41	1.19	1.30	1.23	1.14	1.14	1.23	1.35	1.301
P/FCF	-15.61	-17.49	-18.94	-16.10	-19.11	-31.34	-29.66	-29.85	-24.27	-20.64	-15.13	-12.12	-11.22	-8.77	-8.95	-7.88	15.04	-30.50	-34.54	-44.59	-44.595
P/OCF	14.56	16.65	14.63	12.71	10.82	14.71	13.56	12.11	9.63	10.80	9.35	8.93	10.16	8.30	9.72	9.03	7.79	7.21	9.22	10.13	10.135
EV/EBITDA	16.66	17.07	16.13	15.93	14.93	16.57	15.42	14.54	12.74	14.32	13.15	12.35	12.89	11.89	12.33	12.06	11.54	12.25	12.81	13.60	13.597
EV/Revenue	6.15	6.53	6.29	6.01	5.71	6.59	6.22	5.92	5.33	5.67	5.21	4.97	5.06	4.60	4.78	4.63	4.51	4.67	4.88	5.16	5.157
EV/EBIT	30.36	30.43	28.96	29.81	27.81	29.13	26.22	24.48	20.62	24.18	22.19	20.53	21.47	19.74	20.22	19.63	18.44	19.95	20.91	22.31	22.311
EV/FCF	-28.08	-30.29	-33.43	-30.13	-37.36	-52.40	-50.25	-52.06	-45.92	-38.03	-30.05	-24.40	-21.77	-18.59	-17.98	-16.01	31.41	-64.69	-60.83	-76.67	-76.666
Earnings Yield	2.9%	2.8%	3.0%	2.8%	3.4%	3.0%	3.5%	4.1%	5.3%	4.1%	4.8%	5.1%	4.8%	5.8%	5.4%	5.7%	6.3%	5.8%	4.6%	4.3%	4.30%
FCF Yield	-6.4%	-5.7%	-5.3%	-6.2%	-5.2%	-3.2%	-3.4%	-3.4%	-4.1%	-4.8%	-6.6%	-8.2%	-8.9%	-11.4%	-11.2%	-12.7%	6.6%	-3.3%	-2.9%	-2.2%	-2.24%
Price/Tangible Book	snapshot only																				2.065
EV/OCF	snapshot only																				17.423
EV/Gross Profit	snapshot only																				9.135
Acquirers Multiple	snapshot only																				23.956
Shareholder Yield	snapshot only																				2.58%
Graham Number	snapshot only																				$51.51

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	0.58	0.66	0.63	0.50	0.50	0.59	0.91	0.85	0.74	0.58	0.55	0.49	0.77	0.73	0.66	0.64	0.04	0.42	2.02	1.67	1.667
Quick Ratio	0.58	0.66	0.63	0.50	0.50	0.59	0.91	0.85	0.74	0.58	0.55	0.49	0.77	0.73	0.66	0.64	0.04	0.42	2.02	1.62	1.624
Debt/Equity	1.57	1.54	1.56	1.59	1.58	1.49	1.42	1.39	1.40	1.42	1.43	1.39	1.33	1.34	1.33	1.28	1.25	1.28	1.02	1.03	1.026
Net Debt/Equity	1.55	1.53	1.55	1.58	1.57	1.48	1.40	1.37	1.38	1.41	1.42	1.38	1.33	1.33	1.32	1.26	1.24	1.28	0.94	0.97	0.969
Debt/Assets	0.45	0.46	0.46	0.46	0.46	0.44	0.45	0.44	0.44	0.40	0.41	0.40	0.39	0.39	0.39	0.39	0.53	0.92	0.35	0.35	0.348
Debt/EBITDA	7.46	7.26	7.07	7.48	7.35	6.71	6.41	6.30	6.08	6.59	6.55	6.29	6.26	6.32	6.27	6.18	6.05	6.47	6.03	6.02	6.019
Net Debt/EBITDA	7.40	7.21	6.99	7.42	7.29	6.66	6.32	6.20	6.01	6.55	6.53	6.21	6.24	6.28	6.19	6.12	6.02	6.47	5.53	5.69	5.688
Interest Coverage	2.09	2.27	2.32	2.12	2.17	2.42	2.50	2.49	2.67	2.37	2.36	2.43	2.41	2.44	2.51	2.58	2.72	2.58	2.60	2.62	2.624
Equity Multiplier	3.47	3.38	3.41	3.44	3.44	3.38	3.17	3.14	3.15	3.52	3.52	3.48	3.41	3.41	3.38	3.31	2.35	1.40	2.92	2.95	2.949
Cash Ratio	snapshot only																				0.585
Debt Service Coverage	snapshot only																				4.306
Cash to Debt	snapshot only																				0.055
FCF to Debt	snapshot only																				-0.029
Defensive Interval	snapshot only																				324.9 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	0.17	0.17	0.17	0.17	0.17	0.17	0.18	0.18	0.18	0.17	0.17	0.17	0.17	0.17	0.17	0.17	0.20	0.24	0.16	0.16	0.161
Inventory Turnover	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	95.37	95.367
Receivables Turnover	10.35	11.41	11.72	10.58	9.62	11.00	11.48	10.93	10.00	10.55	11.46	10.90	9.87	10.96	11.93	10.73	21.21	12.21	12.76	11.21	11.213
Payables Turnover	7.20	7.90	9.57	7.78	7.73	8.79	9.70	8.41	8.33	7.45	9.52	8.00	7.78	6.32	8.18	7.92	6.50	5.52	6.64	6.08	6.080
DSO	35	32	31	34	38	33	32	33	37	35	32	33	37	33	31	34	17	30	29	33	32.6 days
DIO	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	4	3.8 days
DPO	51	46	38	47	47	42	38	43	44	49	38	46	47	58	45	46	56	66	55	60	60.0 days
Cash Conversion Cycle	-15	-14	-7	-12	-9	-8	-6	-10	-7	-14	-6	-12	-10	-24	-14	-12	-39	-36	-26	-24	-23.7 days
Fixed Asset Turnover	snapshot only																				0.202
Operating Cycle	snapshot only																				36.4 days
Cash Velocity	snapshot only																				7.959
Capital Intensity	snapshot only																				6.563

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	2.7%	1.6%	3.5%	2.0%	3.4%	8.2%	8.7%	10.6%	13.8%	8.0%	7.7%	9.4%	7.7%	11.6%	12.3%	12.4%	11.4%	7.0%	6.5%	5.0%	5.04%
Net Income	30.5%	-1.8%	-0.4%	-17.4%	3.7%	21.6%	32.2%	69.9%	71.7%	15.5%	4.6%	-0.9%	-9.6%	10.6%	16.0%	17.4%	21.4%	9.2%	6.3%	4.0%	4.04%
EPS	25.1%	-6.2%	-4.8%	-18.6%	2.2%	19.4%	29.2%	63.2%	63.4%	10.3%	1.1%	-3.5%	-12.5%	5.8%	10.1%	9.3%	12.4%	1.6%	-6.6%	-11.3%	-11.32%
FCF	-24.8%	-11.6%	-15.4%	-11.6%	27.7%	36.9%	28.5%	36.9%	13.6%	-28.0%	-50.9%	-95.6%	-1.2%	-85.3%	-72.2%	-59.6%	1.7%	68.8%	67.8%	75.5%	75.55%
EBITDA	8.5%	1.8%	5.1%	0.3%	7.3%	12.4%	12.4%	19.4%	24.4%	7.5%	5.9%	8.0%	1.2%	9.1%	9.8%	7.2%	10.7%	5.5%	4.8%	3.8%	3.82%
Op. Income	4.4%	-5.5%	-0.6%	-3.1%	8.2%	17.8%	21.7%	33.1%	45.5%	14.1%	9.0%	12.0%	0.0%	14.1%	17.3%	12.5%	15.1%	4.4%	0.6%	-1.9%	-1.88%
OCF Growth	snapshot only																				23.22%
Asset Growth	snapshot only																				12.18%
Equity Growth	snapshot only																				25.78%
Debt Growth	snapshot only																				1.04%
Shares Change	snapshot only																				17.32%
Dividend Growth	snapshot only																				-0.75%

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	13.2%	13.0%	13.4%	12.8%	14.4%	13.9%	11.4%	8.5%	6.5%	5.9%	6.6%	7.3%	8.2%	9.3%	9.5%	10.8%	10.9%	8.9%	8.8%	8.9%	8.90%
Revenue 5Y	10.4%	11.0%	10.9%	9.8%	9.5%	9.8%	9.9%	10.3%	11.3%	11.0%	11.3%	11.7%	12.9%	12.2%	10.8%	9.4%	7.7%	7.2%	7.7%	7.8%	7.82%
EPS 3Y	-6.4%	6.3%	10.1%	3.6%	13.0%	43.3%	55.6%	45.3%	27.8%	7.3%	7.5%	8.6%	13.5%	11.7%	12.9%	19.8%	17.1%	5.8%	1.3%	-2.2%	-2.21%
EPS 5Y	-7.0%	-4.7%	-4.6%	-8.4%	-6.6%	-3.4%	-0.9%	2.6%	6.5%	9.6%	11.7%	11.8%	15.6%	28.0%	33.2%	26.5%	15.5%	5.8%	5.0%	4.4%	4.44%
Net Income 3Y	5.8%	16.0%	12.4%	5.7%	15.4%	46.5%	59.8%	50.1%	32.5%	11.3%	11.3%	11.6%	17.2%	15.8%	17.1%	25.5%	23.5%	11.7%	8.9%	6.6%	6.58%
Net Income 5Y	0.2%	2.7%	3.0%	-1.1%	0.8%	4.4%	7.4%	11.6%	16.1%	17.0%	14.5%	14.7%	19.0%	32.1%	37.7%	31.5%	20.6%	10.7%	11.2%	11.2%	11.17%
EBITDA 3Y	13.9%	19.1%	17.9%	15.6%	18.3%	23.1%	21.8%	17.5%	13.1%	7.1%	7.7%	8.9%	10.5%	9.6%	9.3%	11.4%	11.7%	7.4%	6.8%	6.3%	6.34%
EBITDA 5Y	5.8%	7.3%	7.8%	6.2%	6.5%	7.8%	8.9%	11.3%	14.5%	15.3%	14.3%	14.8%	15.8%	16.9%	16.0%	13.4%	10.1%	7.2%	7.5%	7.6%	7.56%
Gross Profit 3Y	14.5%	14.8%	14.4%	13.9%	16.9%	16.8%	15.0%	11.6%	8.6%	7.1%	7.8%	8.5%	9.3%	10.1%	10.2%	11.5%	11.8%	6.9%	6.9%	7.5%	7.51%
Gross Profit 5Y	8.1%	10.0%	10.2%	9.7%	9.7%	10.9%	11.5%	12.3%	13.7%	13.0%	12.7%	13.1%	14.7%	13.7%	12.3%	10.5%	8.2%	6.7%	7.5%	8.1%	8.12%
Op. Income 3Y	11.8%	14.8%	13.5%	11.8%	17.6%	31.6%	32.1%	24.6%	18.0%	8.3%	9.7%	13.0%	16.3%	15.3%	15.9%	18.8%	18.8%	10.8%	8.7%	7.3%	7.31%
Op. Income 5Y	-0.9%	3.6%	4.0%	2.4%	2.5%	5.3%	7.6%	10.5%	17.1%	15.3%	14.1%	15.8%	18.8%	24.3%	24.2%	19.5%	13.6%	8.6%	9.2%	9.8%	9.77%
FCF 3Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
FCF 5Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
OCF 3Y	15.5%	12.5%	14.7%	15.3%	13.5%	8.5%	15.0%	16.9%	21.5%	22.4%	13.9%	11.8%	11.6%	14.6%	9.7%	10.7%	11.9%	13.8%	12.7%	10.9%	10.87%
OCF 5Y	5.6%	2.6%	5.2%	4.8%	4.8%	10.4%	12.4%	15.0%	17.7%	15.9%	15.3%	15.2%	11.3%	8.5%	10.7%	12.1%	15.3%	18.7%	13.6%	12.1%	12.06%
Assets 3Y	31.2%	21.3%	21.5%	20.9%	21.2%	6.2%	4.8%	5.0%	5.6%	9.5%	9.4%	9.2%	9.5%	10.1%	10.4%	11.0%	-0.2%	-16.9%	13.6%	13.6%	13.57%
Assets 5Y	19.0%	19.3%	19.6%	19.2%	19.0%	20.8%	20.1%	19.9%	20.1%	17.3%	17.4%	17.2%	17.6%	8.3%	8.3%	8.6%	1.9%	-8.3%	9.9%	9.8%	9.78%
Equity 3Y	28.2%	5.2%	5.0%	4.8%	5.4%	7.7%	9.3%	9.7%	10.1%	10.4%	8.2%	8.8%	10.1%	9.7%	10.8%	12.5%	13.2%	11.5%	16.8%	16.0%	15.95%
Book Value 3Y	13.4%	-3.6%	2.9%	2.7%	3.2%	5.3%	6.4%	6.3%	6.3%	6.4%	4.6%	5.9%	6.6%	5.8%	6.8%	7.4%	7.4%	5.7%	8.6%	6.4%	6.40%
Dividend 3Y	-9.0%	-5.4%	1.5%	1.2%	0.9%	0.6%	-0.2%	-0.6%	-0.7%	-0.5%	-0.2%	0.4%	-0.3%	-0.8%	-0.8%	-1.3%	-1.6%	-1.5%	-3.1%	-3.5%	-3.47%

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	0.81	0.88	0.93	0.93	0.83	0.89	0.96	0.98	0.93	0.95	0.96	0.97	0.98	0.99	0.99	0.97	0.93	0.96	0.97	0.97	0.973
Earnings Stability	0.10	0.01	0.01	0.00	0.08	0.26	0.32	0.41	0.65	0.81	0.74	0.73	0.84	0.89	0.88	0.87	0.88	0.96	0.95	0.83	0.830
Margin Stability	0.94	0.96	0.97	0.98	0.97	0.97	0.96	0.96	0.96	0.96	0.97	0.97	0.96	0.97	0.96	0.97	0.98	0.98	0.98	0.98	0.980
Rev. Growth Consistency	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
Earn. Growth Consistency	1.00	0.00	0.00	0.00	1.00	0.50	0.50	0.50	1.00	1.00	1.00	0.00	0.00	1.00	1.00	0.50	0.50	1.00	1.00	1.00	1.000
FCF Positive Streak	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Earnings Persistence	0.88	0.99	1.00	0.93	0.99	0.91	0.87	0.50	0.50	0.94	0.98	1.00	0.96	0.96	0.94	0.93	0.91	0.96	0.97	0.98	0.984
Earnings Smoothness	0.74	0.98	1.00	0.81	0.96	0.80	0.72	0.48	0.47	0.86	0.95	0.99	0.90	0.90	0.85	0.84	0.81	0.91	0.94	0.96	0.960
ROE Trend	0.01	0.01	0.02	0.00	0.00	0.00	0.01	0.02	0.03	0.01	0.00	0.01	-0.00	0.00	0.00	-0.00	-0.00	-0.00	-0.01	-0.01	-0.011
Gross Margin Trend	0.01	0.01	0.01	0.01	0.00	0.02	0.03	0.03	0.04	0.01	0.01	0.00	-0.01	-0.01	-0.01	-0.01	-0.01	-0.03	-0.02	-0.01	-0.007
FCF Margin Trend	-0.07	-0.05	-0.02	-0.03	0.05	0.08	0.05	0.08	0.07	0.02	-0.02	-0.05	-0.10	-0.11	-0.12	-0.13	0.32	0.13	0.14	0.18	0.179
Sustainable Growth Rate	1.8%	2.1%	2.0%	1.0%	1.5%	2.8%	3.4%	3.9%	4.7%	3.2%	3.0%	3.1%	3.1%	3.2%	3.4%	3.5%	3.7%	3.0%	2.8%	2.6%	2.58%
Internal Growth Rate	0.5%	0.6%	0.6%	0.3%	0.4%	0.8%	1.0%	1.2%	1.4%	0.9%	0.9%	0.9%	0.9%	0.9%	1.0%	1.0%	1.3%	1.3%	0.9%	0.8%	0.84%

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	2.39	2.15	2.31	2.82	2.75	2.26	2.11	2.04	1.97	2.25	2.25	2.22	2.06	2.08	1.90	1.94	2.04	2.39	2.34	2.29	2.293
FCF/OCF	-0.93	-0.95	-0.77	-0.79	-0.57	-0.47	-0.46	-0.41	-0.40	-0.52	-0.62	-0.74	-0.91	-0.95	-1.09	-1.15	0.52	-0.24	-0.27	-0.23	-0.227
FCF/Net Income	snapshot only																				-0.521
OCF/EBITDA	snapshot only																				0.780
CapEx/Revenue	45.4%	44.2%	43.1%	45.2%	42.3%	39.3%	39.4%	39.4%	40.9%	43.4%	45.4%	48.0%	49.0%	50.9%	51.0%	54.1%	13.3%	37.8%	38.1%	36.3%	36.33%
CapEx/Depreciation	snapshot only																				2.452
Accruals Ratio	-0.02	-0.02	-0.02	-0.03	-0.03	-0.03	-0.03	-0.03	-0.03	-0.03	-0.03	-0.03	-0.02	-0.02	-0.02	-0.02	-0.03	-0.04	-0.03	-0.03	-0.027
Sloan Accruals	snapshot only																				0.021
Cash Flow Adequacy	snapshot only																				0.672
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	2.0%	1.9%	2.0%	2.3%	2.5%	1.8%	1.9%	2.1%	2.5%	2.3%	2.7%	2.9%	2.7%	3.2%	2.9%	3.1%	3.3%	3.3%	2.7%	2.6%	2.89%
Dividend/Share	$1.31	$1.34	$1.36	$1.39	$1.41	$1.42	$1.43	$1.44	$1.46	$1.49	$1.52	$1.54	$1.55	$1.56	$1.58	$1.58	$1.60	$1.63	$1.57	$1.57	$1.74
Payout Ratio	70.0%	66.4%	67.1%	80.9%	73.8%	59.2%	54.6%	51.5%	46.9%	56.4%	57.5%	57.1%	56.6%	55.5%	54.1%	53.7%	52.1%	57.2%	57.5%	60.0%	60.05%
FCF Payout Ratio	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	49.3%	—	—	—	—
Total Payout Ratio	70.0%	66.4%	67.1%	80.9%	73.8%	59.2%	54.6%	51.5%	46.9%	56.4%	57.5%	57.1%	56.6%	55.5%	54.1%	53.7%	52.1%	57.2%	57.5%	60.0%	60.05%
Div. Increase Streak	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1
Chowder Number	0.11	0.12	0.13	0.13	0.12	0.10	0.09	0.10	0.12	0.12	0.13	0.13	0.12	0.12	0.12	0.13	0.15	0.16	0.16	0.19	0.190
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	-3.4%	-4.2%	-1.1%	-1.3%	-1.6%	-1.6%	-3.4%	-4.7%	-5.9%	-3.9%	-2.6%	-2.8%	-3.6%	-5.2%	-5.7%	-7.6%	-7.5%	-7.0%	-17.0%	-13.2%	-13.18%
Total Shareholder Return	-1.4%	-2.4%	0.8%	1.0%	0.9%	0.2%	-1.5%	-2.6%	-3.4%	-1.6%	0.1%	0.0%	-0.9%	-2.0%	-2.8%	-4.5%	-4.2%	-3.6%	-14.3%	-10.6%	-10.60%

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)	0.93	0.88	0.86	0.84	0.89	0.89	0.90	0.95	0.92	0.93	0.92	0.88	0.90	0.91	0.91	0.90	0.88	0.89	0.90	0.90	0.902
Interest Burden (EBT/EBIT)	0.52	0.56	0.57	0.53	0.54	0.59	0.60	0.60	0.63	0.58	0.58	0.59	0.59	0.59	0.60	0.61	0.63	0.61	0.62	0.62	0.619
EBIT Margin	0.20	0.21	0.22	0.20	0.21	0.23	0.24	0.24	0.26	0.23	0.23	0.24	0.24	0.23	0.24	0.24	0.24	0.23	0.23	0.23	0.231
Asset Turnover	0.17	0.17	0.17	0.17	0.17	0.17	0.18	0.18	0.18	0.17	0.17	0.17	0.17	0.17	0.17	0.17	0.20	0.24	0.16	0.16	0.161
Equity Multiplier	3.52	3.49	3.41	3.44	3.45	3.38	3.29	3.28	3.28	3.46	3.35	3.32	3.29	3.46	3.45	3.39	2.85	2.34	3.12	3.11	3.107

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)	$1.87	$2.01	$2.03	$1.71	$1.91	$2.40	$2.62	$2.80	$3.12	$2.65	$2.65	$2.70	$2.73	$2.80	$2.92	$2.95	$3.07	$2.85	$2.72	$2.62	$2.62
Book Value/Share	$33.41	$34.41	$33.90	$33.94	$34.53	$36.28	$37.13	$37.43	$38.21	$38.46	$38.58	$39.27	$40.44	$40.78	$41.26	$42.05	$42.75	$42.79	$47.58	$45.09	$46.21
Tangible Book/Share	$11.19	$12.42	$11.60	$11.64	$12.28	$14.19	$15.34	$16.03	$16.15	$17.14	$16.66	$17.82	$19.07	$20.42	$20.83	$22.20	$42.75	$24.71	$29.63	$29.43	$29.43
Revenue/Share	$19.02	$19.08	$19.22	$19.11	$19.38	$20.27	$20.41	$20.31	$20.99	$20.90	$21.23	$21.62	$21.89	$22.33	$22.64	$22.63	$22.56	$22.23	$21.18	$20.26	$20.76
FCF/Share	$-4.16	$-4.12	$-3.61	$-3.81	$-2.96	$-2.55	$-2.53	$-2.31	$-2.44	$-3.12	$-3.68	$-4.40	$-5.09	$-5.52	$-6.01	$-6.54	$3.24	$-1.61	$-1.70	$-1.36	$-10.73
OCF/Share	$4.46	$4.33	$4.68	$4.83	$5.24	$5.43	$5.53	$5.70	$6.14	$5.95	$5.96	$5.98	$5.63	$5.83	$5.54	$5.71	$6.25	$6.80	$6.36	$6.00	$6.15
Cash/Share	$0.47	$0.36	$0.58	$0.40	$0.43	$0.40	$0.75	$0.81	$0.66	$0.30	$0.14	$0.70	$0.12	$0.33	$0.70	$0.57	$0.32	$0.00	$3.97	$2.55	$2.61
EBITDA/Share	$7.02	$7.31	$7.49	$7.21	$7.42	$8.06	$8.23	$8.27	$8.78	$8.27	$8.41	$8.69	$8.60	$8.63	$8.77	$8.68	$8.81	$8.48	$8.07	$7.68	$7.68
Debt/Share	$52.36	$53.06	$52.96	$53.91	$54.53	$54.08	$52.74	$52.13	$53.41	$54.48	$55.06	$54.72	$53.82	$54.58	$55.00	$53.70	$53.34	$54.91	$48.62	$46.25	$46.25
Net Debt/Share	$51.89	$52.70	$52.38	$53.51	$54.10	$53.68	$51.99	$51.32	$52.75	$54.18	$54.92	$54.01	$53.70	$54.25	$54.30	$53.13	$53.03	$54.90	$44.65	$43.70	$43.70

Academic Models

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Altman Z-Score	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	0.862
Altman Z-Prime	snapshot only																				1.461
Piotroski F-Score	6	6	6	4	6	7	8	8	8	6	4	4	5	8	7	7	6	5	6	6	6
Beneish M-Score	-2.54	-2.59	-2.54	-2.57	-2.58	-2.50	-2.62	-2.60	-2.51	-2.45	-2.44	-2.34	-2.35	-2.48	-2.37	-2.49	-2.23	-1.73	-2.69	-2.65	-2.655
Ohlson O-Score	snapshot only																				-6.626
ROIC (Greenblatt)	snapshot only																				4.53%
Net-Net WC	snapshot only																				$-80.61
EVA	snapshot only																				$-202198694.41

Credit

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Credit Rating	snapshot only																				BB-
Credit Score	22.26	21.77	22.26	20.38	21.01	23.67	27.43	27.58	24.34	24.14	24.39	23.14	24.36	25.22	24.33	24.75	25.60	42.37	38.57	36.05	36.054
Credit Grade	snapshot only																				13
Credit Trend	snapshot only																				11.308
Implied Spread (bps)	snapshot only																				550.000
Industry Credit Rank	snapshot only																				32
Sector Credit Rank	snapshot only																				41

HTO 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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