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LIND NASDAQ

Lindblad Expeditions Holdings, Inc.
1W: +2.7% 1M: +8.5% 3M: -4.7% YTD: +37.7% 1Y: +91.9% 3Y: +107.7% 5Y: +22.6%
$20.57
+0.69 (+3.47%)
 
Weekly Expected Move ±11.0%
$15 $17 $19 $21 $23
NASDAQ · Consumer Cyclical · Travel Services · Alpha Radar Buy · Power 63 · $1.1B mcap · 39M float · 1.93% daily turnover · Short 41% 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
42.9 / 100
NoneWeakNarrowWide
Primary source: Switching Costs  ·  ROIC: 19.4%
Cost Advantage
40
Intangibles
18
Switching Cost
62
Network Effect
54
Scale
45
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. LIND shows a Weak competitive edge (42.9/100) — limited structural advantages that may face competitive pressure. The primary source of advantage is Switching Costs. ROIC of 19.4% 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
$20
Avg Target
$20
High
Based on 2 analyst ratings (12 mo)
Analyst Recommendations
Strong Buy: 0Buy: 12Hold: 1Sell: 0Strong Sell: 0
Rating Summary
ConsensusBuy
Avg Target$20.50
Analysts2
Price Target Change History
DateFirmAnalystOldNewChangeUpside @ CallStock@Call
2026-01-12 Stifel Nicolaus Steven Wieczynski $18 $23 +5 +52.9% $15.04
2025-08-05 Stifel Nicolaus $16 $18 +2 +32.1% $13.63
2025-05-23 Craig-Hallum Eric Des Lauriers Initiated $16 +57.0% $10.19
2024-06-12 Stifel Nicolaus Steven Wieczynski Initiated $16 +112.2% $7.54
2024-05-01 B.Riley Financial Eric Wold Initiated $13 +75.7% $7.40
2024-04-02 Deutsche Bank Chris Woronka Initiated $10 +10.9% $9.02
2022-04-22 Oppenheimer Initiated $20 +26.2% $15.85

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.

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

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.

35 Grade D
Profitability
19
Balance Sheet
33
Earnings Quality
50
Growth
70
Value
23
Momentum
65
Safety
15
Cash Flow
52
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. LIND scores highest in Growth (70/100) and lowest in Safety (15/100). A grade of D flags significant fundamental concerns across multiple dimensions.

Risk & Quality Signals

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

Altman Z-Score
0.77
Distress Zone
Piotroski F-Score
6/9
Beneish M-Score
-2.90
Unlikely Manipulator
Ohlson O-Score
-4.13
Bankruptcy prob: 1.6%
Low Risk
Credit Rating
CCC
Score: 17.5/100
Trend: Stable
Earnings Quality
OCF/NI: -5.10x
Accruals: -16.0%
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. LIND scores 0.77, 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. LIND 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. LIND's score of -2.90 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. LIND's implied 1.6% 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. LIND receives an estimated rating of CCC (score: 17.5/100), with a stable trend.

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
-50.83x
PEG
0.28x
P/S
1.41x
P/B
-6.52x
P/FCF
12.72x
P/OCF
8.50x
EV/EBITDA
15.67x
EV/Revenue
1.83x
EV/EBIT
52.41x
EV/FCF
17.62x
Earnings Yield
-2.31%
FCF Yield
7.86%
Shareholder Yield
0.10%
Graham Number
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. LIND currently has negative earnings — the P/E ratio is not meaningful.

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
1.482
NI / EBT
×
Interest Burden
-0.589
EBT / EBIT
×
EBIT Margin
0.035
EBIT / Rev
×
Asset Turnover
0.861
Rev / Assets
×
Equity Multiplier
-4.933
Assets / Equity
=
ROE
13.0%
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. LIND's ROE of 13.0% is driven by Asset Turnover (0.861), indicating efficient use of assets to generate revenue. A tax burden ratio of 1.48 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.

Adj. Growth Rate
0.00%
Fair P/E
8.50x
Intrinsic Value
Price/Value
Margin of Safety
Premium
Assessment
Overvalued

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
$20.57
Median 1Y
$16.63
5th Pctile
$5.18
95th Pctile
$53.22
Ann. Volatility
71.6%
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
Ms. Leahy
Chief Executive Officer
$600,000 $3,974,160 $6,291,465
Mr. Bressler Founder
and Chief Executive Officer, Natural Habitat, Inc.
$200,000 $49,993 $2,043,972
Mr. Goldberg Financial
ancial Officer
$475,000 $474,995 $1,432,549
Mr. Byus III
Chief Expedition Officer
$276,726 $360,492 $942,116
Mr. Brodsky Commercial
ef Commercial Officer
$388,933 $463,500 $874,353

CEO Pay Ratio

40:1
CEO-to-Employee Pay Ratio
CEO Total Comp: $6,291,465
Avg Employee Cost (SGA/emp): $157,866
Employees: 1,550

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
1,550
+19.2% YoY
Revenue / Employee
$497,432
Rev: $771,019,000
Profit / Employee
$-19,175
NI: $-29,721,000
SGA / Employee
$157,866
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 -1.0% -1.0% -1.9% -2.1% -2.0% -1.7% 2.1% 1.3% 1.2% 93.1% 34.4% 37.9% 38.0% 25.3% 19.1% 16.0% 6.1% 19.1% 15.8% 13.0% 12.96%
ROA -19.2% -18.8% -15.0% -16.1% -15.3% -13.3% -13.8% -8.5% -8.0% -6.2% -5.6% -6.2% -6.2% -4.1% -3.7% -3.0% -1.2% -3.7% -3.2% -2.6% -2.63%
ROIC -22.5% -20.8% -21.7% -22.3% -19.7% -15.1% -14.5% -3.8% -1.3% 2.1% 2.7% 1.5% 1.6% 3.8% 6.3% 7.2% 10.9% 12.8% 17.5% 19.4% 19.39%
ROCE -19.4% -17.5% -18.0% -18.4% -16.2% -12.6% -14.5% -4.1% -2.3% 1.2% 1.4% 0.4% 1.2% 3.1% 4.3% 5.0% 7.8% 4.4% 4.5% 5.4% 5.39%
Gross Margin -27.0% 29.3% 21.9% 14.6% 31.3% 39.5% 36.3% 49.8% 37.8% 45.7% 38.5% 45.0% 32.4% 49.3% 45.3% 48.3% 45.6% 42.0% 14.1% 40.2% 40.19%
Operating Margin -2.1% -27.4% -45.0% -50.5% -21.2% 4.0% -13.0% 8.7% -6.8% 11.6% -11.0% 5.1% -6.0% 14.3% -5.1% 5.9% 2.6% 15.0% -3.0% 7.5% 7.51%
Net Margin -2.3% -37.7% -40.2% -61.5% -31.6% -6.0% -27.3% 0.4% -19.6% 3.2% -21.9% -2.6% -18.1% 10.9% -16.9% 0.6% -5.1% 0.5% -12.9% 3.1% 3.12%
EBITDA Margin -1.6% -8.4% -7.2% -33.0% -9.8% 11.1% -3.9% 17.4% -0.3% 17.5% -0.5% 12.6% 4.3% 20.6% 4.5% 15.0% 12.1% 11.9% 5.8% 16.4% 16.37%
FCF Margin -3.4% -1.1% -43.6% -26.2% -22.7% -6.9% -9.6% -8.5% -5.8% 0.2% -0.8% 6.4% 6.7% 8.0% 9.1% 8.4% 8.3% 7.1% 9.8% 10.4% 10.40%
OCF Margin -1.8% 1.2% 22.1% 20.9% 10.1% 3.2% -0.5% -1.1% -0.3% 5.8% 4.5% 11.6% 11.6% 13.0% 14.3% 14.4% 15.3% 13.4% 16.0% 15.6% 15.55%
ROA 3Y Avg snapshot only -3.83%
ROIC 3Y Avg snapshot only -13.62%
ROIC Economic snapshot only 8.93%
Cash ROA snapshot only 12.69%
Cash ROIC snapshot only 60.44%
CROIC snapshot only 40.40%
NOPAT Margin snapshot only 4.99%
Pretax Margin snapshot only -2.06%
R&D / Revenue snapshot only 0.00%
SGA / Revenue snapshot only 31.49%
SBC / Revenue snapshot only 1.35%
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 -6.38 -5.96 -6.60 -5.99 -3.42 -3.40 -3.67 -7.36 -8.95 -7.63 -13.18 -9.92 -10.24 -17.26 -20.68 -19.45 -64.41 -22.78 -26.83 -43.36 -50.828
P/S Ratio 43.49 8.92 5.34 3.59 1.44 0.97 0.97 1.02 1.09 0.68 1.06 0.86 0.87 0.93 1.00 0.75 0.91 0.97 1.03 1.32 1.415
P/B Ratio 6.75 6.15 147.84 143.93 77.98 67.43 -3.60 -4.47 -5.10 -3.39 -3.97 -3.29 -3.41 -3.82 -3.69 -2.89 -3.64 -4.06 -3.96 -5.25 -6.518
P/FCF -12.86 -8.05 -12.25 -13.71 -6.31 -14.12 -10.11 -11.97 -18.86 392.74 -132.94 13.35 13.12 11.60 10.96 8.98 10.87 13.63 10.55 12.72 12.722
P/OCF 729.65 24.19 17.17 14.15 30.53 11.89 23.63 7.40 7.54 7.17 6.98 5.23 5.93 7.20 6.46 8.50 8.504
EV/EBITDA -13.21 -14.43 -20.76 -20.52 -19.61 -37.88 -43.48 35.14 28.74 16.56 19.49 19.61 17.76 15.62 14.65 11.61 11.22 14.01 13.96 15.67 15.668
EV/Revenue 59.79 12.59 8.05 5.46 2.82 2.05 2.05 1.94 1.95 1.50 1.88 1.66 1.66 1.68 1.69 1.42 1.54 1.57 1.56 1.83 1.832
EV/EBIT -9.44 -9.77 -12.26 -11.73 -9.36 -11.20 -13.40 -52.94 -102.24 161.51 146.71 457.07 166.36 66.82 52.71 39.27 28.74 54.51 51.30 52.41 52.412
EV/FCF -17.68 -11.36 -18.46 -20.85 -12.38 -29.82 -21.42 -22.74 -33.73 859.18 -236.20 25.87 24.98 20.95 18.50 16.85 18.43 22.13 15.93 17.62 17.621
Earnings Yield -15.7% -16.8% -15.2% -16.7% -29.2% -29.4% -27.3% -13.6% -11.2% -13.1% -7.6% -10.1% -9.8% -5.8% -4.8% -5.1% -1.6% -4.4% -3.7% -2.3% -2.31%
FCF Yield -7.8% -12.4% -8.2% -7.3% -15.8% -7.1% -9.9% -8.4% -5.3% 0.3% -0.8% 7.5% 7.6% 8.6% 9.1% 11.1% 9.2% 7.3% 9.5% 7.9% 7.86%
PEG Ratio snapshot only 0.280
EV/OCF snapshot only 11.779
EV/Gross Profit snapshot only 5.104
Acquirers Multiple snapshot only 29.006
Shareholder Yield snapshot only 0.10%
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 1.47 1.47 0.73 0.73 0.73 0.73 0.54 0.54 0.54 0.54 0.77 0.77 0.77 0.77 0.71 0.71 0.71 0.71 0.80 0.80 0.797
Quick Ratio 1.42 1.42 0.69 0.69 0.69 0.69 0.50 0.50 0.50 0.50 0.75 0.75 0.75 0.75 0.71 0.71 0.71 0.71 0.80 0.80 0.797
Debt/Equity 4.11 4.11 103.32 103.32 103.32 103.32 -4.91 -4.91 -4.91 -4.91 -4.12 -4.12 -4.12 -4.12 -3.59 -3.59 -3.59 -3.59 -3.30 -3.30 -3.295
Net Debt/Equity 2.53 2.53 74.97 74.97 74.97 74.97
Debt/Assets 0.64 0.64 0.66 0.66 0.66 0.66 0.71 0.71 0.71 0.71 0.75 0.75 0.75 0.75 0.72 0.72 0.72 0.72 0.68 0.68 0.677
Debt/EBITDA -5.85 -6.83 -9.63 -9.69 -13.24 -27.48 -28.01 20.31 15.46 10.97 11.38 12.68 11.27 9.32 8.45 7.67 6.52 7.61 7.69 7.10 7.102
Net Debt/EBITDA -3.60 -4.20 -6.99 -7.03 -9.61 -19.94 -22.94 16.63 12.67 8.99 8.52 9.49 8.43 6.97 5.97 5.42 4.61 5.38 4.72 4.36 4.356
Interest Coverage -5.60 -4.72 -3.93 -3.59 -2.77 -2.01 -1.72 -0.46 -0.24 0.12 0.16 0.05 0.13 0.34 0.45 0.53 0.82 0.46 0.52 0.63 0.632
Equity Multiplier 6.38 6.38 155.60 155.60 155.60 155.60 -6.94 -6.94 -6.94 -6.94 -5.49 -5.49 -5.49 -5.49 -5.01 -5.01 -5.01 -5.01 -4.86 -4.86 -4.865
Cash Ratio snapshot only 0.556
Debt Service Coverage snapshot only 2.116
Cash to Debt snapshot only 0.387
FCF to Debt snapshot only 0.125
Defensive Interval snapshot only 396.3 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 0.03 0.13 0.19 0.27 0.36 0.47 0.52 0.62 0.66 0.70 0.70 0.72 0.73 0.77 0.75 0.79 0.82 0.86 0.83 0.86 0.861
Inventory Turnover 5.72 10.42 13.68 19.14 23.88 28.50 25.20 26.45 27.80 28.51 37.13 38.56 40.24 41.27 133.31 136.39 136.07 148.87
Receivables Turnover
Payables Turnover 4.59 8.36 16.62 23.26 29.01 34.62 21.54 22.62 23.77 24.38 19.68 20.44 21.33 21.88 24.15 24.71 24.65 26.97 26.65 28.40 28.398
DSO 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0.0 days
DIO 64 35 27 19 15 13 14 14 13 13 10 9 9 9 3 3 3 2 0 0 0.0 days
DPO 80 44 22 16 13 11 17 16 15 15 19 18 17 17 15 15 15 14 14 13 12.9 days
Cash Conversion Cycle -16 -9 5 3 3 2 -2 -2 -2 -2 -9 -8 -8 -8 -12 -12 -12 -11 -14 -13 -12.9 days
Fixed Asset Turnover snapshot only 1.531
Cash Velocity snapshot only 3.114
Capital Intensity snapshot only 1.226
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 -92.8% -48.1% 78.6% 72.6% 14.7% 3.5% 1.9% 1.3% 83.8% 52.3% 35.1% 16.6% 11.4% 10.6% 13.2% 15.7% 18.7% 18.5% 19.6% 19.2% 19.15%
Net Income -2.1% -74.1% -20.7% 1.8% 3.6% 14.0% 6.6% 45.9% 46.5% 52.3% 59.0% 27.3% 22.1% 33.4% 31.6% 48.1% 80.4% 6.9% 4.7% 6.4% 6.37%
EPS -2.1% -73.0% -19.3% 3.5% 5.7% 18.7% 11.3% 48.3% 48.6% 52.6% 59.2% 27.6% 22.5% 43.2% 32.9% 49.3% 80.8% -4.9% 6.3% 16.3% 16.31%
FCF 71.3% 59.2% 74.1% 64.5% -5.4% 72.0% 37.1% 24.0% 53.3% 1.0% 88.8% 1.9% 2.3% 50.0% 14.0% 51.2% 48.9% 4.5% 28.5% 47.4% 47.42%
EBITDA -17.9% -1.1% 6.6% 36.5% 50.3% 72.0% 65.1% 1.5% 1.9% 3.5% 3.8% 79.2% 53.6% 31.8% 35.6% 66.3% 73.9% 23.1% 16.2% 14.2% 14.25%
Op. Income -5.7% -83.2% -25.4% 6.3% 15.7% 30.0% 43.1% 85.7% 94.5% 1.1% 1.2% 1.4% 2.1% 67.0% 1.0% 3.1% 4.9% 1.8% 1.1% 1.1% 1.08%
OCF Growth snapshot only 28.38%
Asset Growth snapshot only 11.75%
Debt Growth snapshot only 5.82%
Shares Change snapshot only 11.88%
Dividend Growth snapshot only -1.00%
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 -60.5% -35.3% -22.0% -12.4% -3.8% 3.0% 7.1% 14.1% 27.2% 52.7% 90.5% 4.8% 2.2% 96.5% 63.7% 46.5% 34.5% 25.9% 22.3% 17.2% 17.16%
Revenue 5Y -39.1% -18.8% -9.5% -2.7% 3.3% 7.3% 9.6% 11.7% 12.1% 13.2% 13.0% 12.8% 12.8% 13.0% 13.4% 14.9% 22.2% 36.1% 56.4% 2.1% 2.08%
EPS 3Y
EPS 5Y
Net Income 3Y
Net Income 5Y
EBITDA 3Y -15.4% 94.0% 50.4% 50.44%
EBITDA 5Y -8.8% -5.7% 2.1% 4.6% 1.6% 2.9% 4.3% 4.2% 12.5% 81.1%
Gross Profit 3Y -47.5% -37.5% -24.1% -14.2% -7.8% 6.6% 24.7% 65.8% 2.0% 1.3% 97.4% 66.8% 44.5% 28.0% 12.8% 12.83%
Gross Profit 5Y -28.8% -19.8% -9.8% -3.0% 1.1% 6.3% 7.0% 9.7% 9.6% 8.9% 8.2% 8.6% 9.8% 12.7% 24.1% 44.3% 98.5%
Op. Income 3Y
Op. Income 5Y -19.1% -16.0% -25.1% -24.3% -13.0% -8.3% 2.9%
FCF 3Y
FCF 5Y 60.9%
OCF 3Y -74.8% -16.8% -10.0% -24.8% -41.5% 3.3% 41.6% 29.5% 54.2% 1.0%
OCF 5Y -47.7% 0.7% 4.9% -9.3% -23.6% -12.4% -14.7% 1.9% -0.1% 6.6% 8.1% 9.1%
Assets 3Y 21.3% 21.3% 20.5% 20.5% 20.5% 20.5% 12.8% 12.8% 12.8% 12.8% 3.1% 3.1% 3.1% 3.1% 2.0% 2.0% 2.0% 2.0% 7.5% 7.5% 7.54%
Assets 5Y 14.7% 14.7% 15.2% 15.2% 15.2% 15.2% 13.2% 13.2% 13.2% 13.2% 11.9% 11.9% 11.9% 11.9% 9.8% 9.8% 9.8% 9.8% 5.3% 5.3% 5.29%
Equity 3Y 3.8% 3.8% -64.2% -64.2% -64.2% -64.2%
Book Value 3Y 1.2% 2.1% -65.4% -65.0% -64.6% -65.2%
Dividend 3Y
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 0.22 0.32 0.27 0.15 0.07 0.00 0.01 0.04 0.11 0.25 0.31 0.34 0.38 0.45 0.54 0.67 0.89 0.98 0.98 0.94 0.940
Earnings Stability 0.59 0.70 0.62 0.64 0.76 0.77 0.72 0.54 0.55 0.41 0.36 0.21 0.16 0.03 0.00 0.03 0.26 0.53 0.75 0.92 0.915
Margin Stability 0.00 0.38 0.43 0.00 0.00 0.35 0.42 0.00 0.00 0.36 0.45 0.00 0.00 0.37 0.63 0.69 0.78 0.83 0.61 0.00 0.000
Rev. Growth Consistency 0.00 0.00 0.50 0.50 0.50 0.50 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.000
Earn. Growth Consistency 0.00 0.00 0.00 0.50 0.50 0.50 0.50 1.00 1.00 1.00 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 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 1 1 1 1 1
Earnings Persistence 0.50 0.50 0.50 0.99 0.99 0.94 0.97 0.82 0.81 0.50 0.50 0.89 0.91 0.87 0.87 0.81 0.50 0.97 0.98 0.97 0.975
Earnings Smoothness
ROE Trend -0.96 -0.80 -22.07 -23.46 -22.09 -19.04
Gross Margin Trend -1.95 -0.44 -0.16 6.17 0.77 0.14 0.19 6.55 1.03 0.29 0.19 0.13 0.08 0.06 0.06 0.03 0.06 0.02 -0.06 -0.08 -0.076
FCF Margin Trend -2.97 -0.36 1.12 27.04 1.89 1.19 1.63 27.18 1.75 0.59 0.26 0.24 0.21 0.11 0.14 0.09 0.08 0.03 0.06 0.03 0.030
Sustainable Growth Rate
Internal Growth Rate
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 0.27 -0.01 -0.27 -0.35 -0.24 -0.11 0.02 0.08 0.02 -0.64 -0.56 -1.34 -1.36 -2.41 -2.96 -3.72 -10.86 -3.17 -4.15 -5.10 -5.099
FCF/OCF 1.85 -90.62 -1.98 -1.25 -2.24 -2.16 18.34 7.99 22.94 0.03 -0.18 0.55 0.57 0.62 0.64 0.58 0.55 0.53 0.61 0.67 0.668
FCF/Net Income snapshot only -3.408
OCF/EBITDA snapshot only 1.330
CapEx/Revenue 1.6% 1.1% 65.7% 47.1% 32.9% 10.1% 9.1% 7.5% 5.5% 5.6% 5.3% 5.2% 4.9% 5.0% 5.2% 6.0% 6.9% 6.3% 6.2% 5.2% 5.16%
CapEx/Depreciation snapshot only 0.629
Accruals Ratio -0.14 -0.19 -0.19 -0.22 -0.19 -0.15 -0.14 -0.08 -0.08 -0.10 -0.09 -0.15 -0.15 -0.14 -0.14 -0.14 -0.14 -0.15 -0.16 -0.16 -0.160
Sloan Accruals snapshot only -0.049
Cash Flow Adequacy snapshot only 3.016
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 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% 0.4% 0.4% 0.5% 0.4% 0.0% 0.0% 0.0% 0.00%
Dividend/Share $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.04 $0.04 $0.04 $0.04 $0.00 $0.00 $0.00 $0.00
Payout Ratio
FCF Payout Ratio 0.0% 0.0% 0.0% 4.6% 3.9% 4.1% 4.0% 0.0% 0.0% 0.0% 0.00%
Total Payout Ratio
Div. Increase Streak 0 0 0 0
Chowder Number
Buyback Yield 0.0% 0.0% 0.1% 0.1% 0.1% 0.1% 0.0% 0.0% 0.0% 0.0% 0.1% 0.1% 0.1% 0.2% 0.2% 0.3% 0.4% 0.3% 0.2% 0.1% 0.10%
Net Buyback Yield 0.0% 0.0% 0.1% 0.1% 0.1% 0.1% 0.0% 0.0% 0.0% 0.0% 0.1% 0.1% 0.1% 0.2% 0.2% 0.3% 0.4% 0.3% -0.4% -0.9% -0.93%
Total Shareholder Return 0.0% 0.0% 0.1% 0.1% 0.1% 0.1% 0.0% 0.0% 0.0% 0.0% 0.1% 0.1% 0.1% 0.6% 0.6% 0.8% 0.8% 0.3% -0.4% -0.9% -0.93%
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) 0.91 0.96 0.98 1.01 1.02 1.04 1.09 1.20 1.25 1.28 1.21 1.14 1.26 1.12 1.24 1.21 1.17 1.25 1.37 1.48 1.482
Interest Burden (EBT/EBIT) 1.18 1.21 1.25 1.28 1.36 1.50 1.58 3.15 5.09 -7.56 -5.18 -20.85 -6.75 -1.91 -1.22 -0.89 -0.23 -1.18 -0.93 -0.59 -0.589
EBIT Margin -6.33 -1.29 -0.66 -0.47 -0.30 -0.18 -0.15 -0.04 -0.02 0.01 0.01 0.00 0.01 0.03 0.03 0.04 0.05 0.03 0.03 0.03 0.035
Asset Turnover 0.03 0.13 0.19 0.27 0.36 0.47 0.52 0.62 0.66 0.70 0.70 0.72 0.73 0.77 0.75 0.79 0.82 0.86 0.83 0.86 0.861
Equity Multiplier 5.40 5.40 12.77 12.77 12.77 12.77 -14.93 -14.93 -14.93 -14.93 -6.11 -6.11 -6.11 -6.11 -5.23 -5.23 -5.23 -5.23 -4.93 -4.93 -4.933
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) $-2.51 $-2.45 $-2.37 $-2.52 $-2.37 $-1.99 $-2.10 $-1.30 $-1.22 $-0.94 $-0.86 $-0.94 $-0.94 $-0.54 $-0.57 $-0.48 $-0.18 $-0.56 $-0.54 $-0.40 $-0.40
Book Value/Share $2.37 $2.37 $0.11 $0.10 $0.10 $0.10 $-2.14 $-2.14 $-2.13 $-2.13 $-2.84 $-2.84 $-2.83 $-2.42 $-3.22 $-3.20 $-3.20 $-3.15 $-3.64 $-3.30 $-2.60
Tangible Book/Share $1.83 $1.83 $-0.99 $-0.98 $-0.98 $-0.94 $-3.14 $-3.14 $-3.13 $-3.12 $-3.81 $-3.80 $-3.79 $-3.24 $-4.60 $-4.58 $-4.58 $-4.50 $-5.04 $-4.56 $-4.56
Revenue/Share $0.37 $1.63 $2.92 $4.20 $5.64 $6.96 $7.94 $9.36 $9.97 $10.53 $10.68 $10.86 $11.06 $9.93 $11.86 $12.28 $12.86 $13.26 $13.94 $13.08 $13.27
FCF/Share $-1.25 $-1.81 $-1.27 $-1.10 $-1.28 $-0.48 $-0.76 $-0.80 $-0.58 $0.02 $-0.08 $0.70 $0.74 $0.80 $1.08 $1.03 $1.07 $0.94 $1.37 $1.36 $1.38
OCF/Share $-0.67 $0.02 $0.64 $0.88 $0.57 $0.22 $-0.04 $-0.10 $-0.03 $0.61 $0.48 $1.26 $1.28 $1.29 $1.70 $1.77 $1.97 $1.78 $2.23 $2.03 $2.06
Cash/Share $3.75 $3.74 $2.99 $2.97 $2.94 $2.84 $1.90 $1.90 $1.89 $1.89 $2.94 $2.94 $2.93 $2.51 $3.38 $3.37 $3.37 $3.31 $4.64 $4.20 $5.33
EBITDA/Share $-1.67 $-1.43 $-1.13 $-1.12 $-0.81 $-0.38 $-0.37 $0.52 $0.68 $0.95 $1.03 $0.92 $1.03 $1.07 $1.37 $1.50 $1.76 $1.48 $1.56 $1.53 $1.53
Debt/Share $9.75 $9.74 $10.90 $10.83 $10.73 $10.36 $10.50 $10.49 $10.47 $10.44 $11.69 $11.69 $11.66 $9.97 $11.54 $11.48 $11.49 $11.29 $12.00 $10.86 $10.86
Net Debt/Share $6.00 $6.00 $7.91 $7.85 $7.79 $7.52 $8.60 $8.60 $8.58 $8.55 $8.75 $8.75 $8.73 $7.46 $8.15 $8.12 $8.12 $7.98 $7.36 $6.66 $6.66
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 0.767
Altman Z-Prime snapshot only -0.825
Piotroski F-Score 3 5 5 6 6 6 4 4 4 5 7 6 6 7 6 6 6 6 6 6 6
Beneish M-Score 39.49 92.53 16.34 0.49 -1.85 -2.63 -2.21 -2.62 -2.88 -2.88 -3.05 -3.02 -3.04 -2.94 -2.91 -2.92 -2.81 -1.77 -2.90 -2.900
Ohlson O-Score snapshot only -4.134
Net-Net WC snapshot only $-12.53
EVA snapshot only $19315340.00
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 CCC
Credit Score 24.60 26.70 18.22 18.08 12.77 18.20 16.93 12.16 11.79 15.97 14.23 16.38 16.01 16.40 16.20 17.16 16.95 16.37 17.12 17.45 17.454
Credit Grade snapshot only 17
Credit Trend snapshot only 0.295
Implied Spread (bps) snapshot only 1200.000
Industry Credit Rank snapshot only 5
Sector Credit Rank snapshot only 6

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