— Know what they know.
Not Investment Advice
Also trades as: LXP-PC (NYSE) · $vol 0M

LXP NYSE

LXP Industrial Trust
1W: +1.1% 1M: +5.2% 3M: +7.6% YTD: +4.8% 1Y: +29.7% 3Y: +22.1% 5Y: +7.6%
$52.24
+0.25 (+0.48%)
 
Weekly Expected Move ±3.4%
$47 $49 $51 $53 $54
NYSE · Real Estate · REIT - Industrial · Alpha Radar Buy · Power 65 · $3.1B mcap · 57M float · 0.949% daily turnover · Short 54% of daily vol

Edge Score

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

NO EDGE
31.0 / 100
NoneWeakNarrowWide
Primary source: Efficient Scale  ·  ROIC: 1.5%  ·  5Y Avg: 3.6%
Cost Advantage
28
Intangibles
29
Switching Cost
34
Network Effect
24
Scale ★
40
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. LXP has No discernible competitive edge (31.0/100). The business operates without significant structural advantages. The primary source of advantage is Efficient Scale. ROIC of 1.5% 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
$53
Avg Target
$53
High
Based on 3 analyst ratings (12 mo)
Analyst Recommendations
Strong Buy: 0Buy: 6Hold: 6Sell: 3Strong Sell: 0
Rating Summary
ConsensusBuy
Avg Target$52.83
Analysts3
Price Target Change History
DateFirmAnalystOldNewChangeUpside @ CallStock@Call
2026-02-13 Evercore ISI Steve Sakwa Initiated $51 +7.0% $47.67
2025-10-28 JMP Securities Mitch Germain Initiated $12 -75.8% $47.60
2025-08-22 Wolfe Research Initiated $10 -77.3% $44.00
2025-01-01 Jefferies Jonathan Petersen $14 $11 -3 -72.9% $40.60
2024-09-25 KeyBanc Todd Thomas Initiated $11 -78.4% $50.98
2022-06-30 Jefferies Initiated $14 -73.9% $53.70

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
3
ROA
4
D/E
3
P/E
1
P/B
2
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. LXP receives an overall rating of B. Strongest factors: ROA (4/5). Areas of concern: P/E (1/5), P/B (2/5).
Rating Change History
DateFromTo
2026-05-11 B+ B
2026-05-04 B B+
2026-04-28 B+ B
2026-04-10 B B+
2026-02-20 B- B
2026-02-17 C+ B-
2026-02-13 B C+
2026-01-30 B+ B
2026-01-29 B B+
2026-01-26 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.

50 Grade A
Profitability
35
Balance Sheet
49
Earnings Quality
70
Growth
53
Value
68
Momentum
83
Safety
15
Cash Flow
70
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. LXP scores highest in Momentum (83/100) and lowest in Safety (15/100). An overall grade of A places LXP 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
0.84
Distress Zone
Piotroski F-Score
8/9
Beneish M-Score
-3.02
Unlikely Manipulator
Ohlson O-Score
-8.23
Bankruptcy prob: 0.0%
Low Risk
Credit Rating
BB+
Score: 48.0/100
Trend: Improving
Earnings Quality
100/100
OCF/NI: 2.05x
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. LXP scores 0.84, 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. LXP scores 8/9, 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. LXP's score of -3.02 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. LXP'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. LXP receives an estimated rating of BB+ (score: 48.0/100), 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). LXP'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
32.37x
PEG
0.63x
P/S
8.87x
P/B
1.53x
P/FCF
16.13x
P/OCF
14.00x
EV/EBITDA
12.26x
EV/Revenue
11.20x
EV/EBIT
30.73x
EV/FCF
23.32x
Earnings Yield
3.49%
FCF Yield
6.20%
Shareholder Yield
7.09%
Graham Number
$35.66
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 32.4x earnings, LXP commands a growth premium. Graham's intrinsic value formula yields $35.66 per share, 47% 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
0.918
NI / EBT
×
Interest Burden
0.807
EBT / EBIT
×
EBIT Margin
0.364
EBIT / Rev
×
Asset Turnover
0.094
Rev / Assets
×
Equity Multiplier
1.785
Assets / Equity
=
ROE
4.5%
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. LXP's ROE of 4.5% is driven by a balanced combination of operating margin, asset efficiency, and leverage. A tax burden ratio of 0.92 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
47.90%
Fair P/E
104.30x
Intrinsic Value
$168.30
Price/Value
0.27x
Margin of Safety
72.51%
Premium
-72.51%
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 LXP's realized 47.9% 3-year EPS CAGR — what the company actually delivered, not what analysts hope for. At an intrinsic value of $168.30, LXP appears undervalued with a 73% margin of safety. The adjusted fair P/E of 104.3x compares to the current market P/E of 32.4x.

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
$52.28
Median 1Y
$53.54
5th Pctile
$33.46
95th Pctile
$85.69
Ann. Volatility
28.1%
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
T. Wilson Eglin
Chief Executive Officer and President
$640,000 $— $1,592,126
Richard J. Rouse
Vice Chairman and Chief Investment Officer
$520,000 $— $1,179,259
E. Robert Roskind
Chairman
$520,000 $— $1,138,157
Patrick Carroll Financial
ancial Officer, Treasurer and Executive Vice President
$410,000 $— $929,984
Joseph S. Bonventre
Executive Vice President, General Counsel and Secretary
$305,000 $— $673,944

CEO Pay Ratio

2:1
CEO-to-Employee Pay Ratio
CEO Total Comp: $1,592,126
Avg Employee Cost (SGA/emp): $690,569
Employees: 58

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
58
-1.7% YoY
Revenue / Employee
$6,038,414
Rev: $350,228,000
Profit / Employee
$1,951,034
NI: $113,160,000
SGA / Employee
$690,569
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 14.1% 12.2% 18.0% 16.5% 15.1% 15.8% 4.9% 4.9% 2.8% 2.3% 1.3% 0.8% 1.4% 1.1% 2.1% 2.9% 4.0% 5.4% 5.5% 4.5% 4.54%
ROA 7.8% 6.7% 10.2% 9.4% 8.6% 9.0% 2.8% 2.8% 1.6% 1.3% 0.7% 0.5% 0.8% 0.6% 1.1% 1.6% 2.2% 2.9% 3.1% 2.5% 2.54%
ROIC 4.6% 3.0% 3.7% 4.4% 5.5% 6.6% 6.0% 6.2% 6.3% 5.2% 4.2% 2.9% 1.6% 1.5% 1.9% 1.8% 1.8% 1.8% 1.5% 1.5% 1.55%
ROCE 8.4% 8.2% 4.5% 3.4% 1.5% 1.3% 1.1% 1.2% 1.3% 1.4% 1.5% 1.5% 1.4% 1.3% 1.8% 1.7% 1.7% 3.0% 3.5% 3.6% 3.58%
Gross Margin 33.0% 32.0% 84.1% 81.8% 82.8% 82.6% 79.3% 82.1% 81.9% 29.5% 29.0% 27.3% 25.6% 25.9% 37.1% 23.9% 25.6% -1.5% -28.3% 80.5% 80.53%
Operating Margin 23.3% 21.9% 71.6% 68.4% 71.2% 71.3% 67.3% 71.1% 71.7% 19.4% 17.5% 16.3% 14.8% 13.0% 27.0% 12.2% 14.7% 15.1% 14.3% 13.9% 13.93%
Net Margin 89.1% 8.0% 3.0% 13.2% 51.8% 29.2% 47.4% 13.1% -9.2% 14.8% 17.6% -0.4% 6.3% 7.4% 32.8% 21.4% 33.2% 41.6% 33.2% -0.3% -0.28%
EBITDA Margin 1.6% 77.9% 73.6% 67.0% 69.7% 69.8% 69.3% 69.6% 73.2% 72.7% 75.0% 71.4% 71.2% 69.6% 75.2% 69.0% 68.2% 1.3% 1.0% 68.6% 68.60%
FCF Margin 61.2% 61.3% 61.3% 58.0% 56.3% 56.0% 51.9% 51.5% 52.9% 53.2% 58.0% 57.1% 53.1% 53.1% 54.0% 53.5% 52.7% 53.6% 48.2% 48.0% 48.03%
OCF Margin 64.3% 64.6% 65.7% 64.0% 64.8% 65.6% 62.1% 60.8% 60.3% 58.9% 63.2% 62.0% 57.1% 58.1% 58.9% 58.5% 59.8% 60.4% 55.3% 55.3% 55.34%
ROE 3Y Avg snapshot only 2.83%
ROE 5Y Avg snapshot only 5.75%
ROA 3Y Avg snapshot only 1.59%
ROIC 3Y Avg snapshot only 1.33%
ROIC Economic snapshot only 1.47%
Cash ROA snapshot only 5.43%
Cash ROIC snapshot only 5.94%
CROIC snapshot only 5.16%
NOPAT Margin snapshot only 14.40%
Pretax Margin snapshot only 29.43%
R&D / Revenue snapshot only 0.00%
SGA / Revenue snapshot only 11.49%
SBC / Revenue snapshot only 0.00%
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 10.26 12.98 9.77 10.61 7.96 6.37 20.76 22.69 38.25 42.44 85.59 127.25 76.23 105.75 50.87 38.43 27.18 22.35 25.78 28.67 32.374
P/S Ratio 7.80 8.56 10.86 11.27 7.74 6.59 7.35 7.96 7.46 6.80 7.64 7.02 7.24 8.08 6.31 6.79 6.55 7.20 8.32 7.75 8.867
P/B Ratio 1.35 1.48 1.63 1.63 1.11 0.94 1.00 1.10 1.06 0.98 1.16 1.08 1.10 1.23 1.08 1.17 1.13 1.25 1.43 1.32 1.529
P/FCF 12.75 13.96 17.73 19.44 13.75 11.76 14.16 15.46 14.10 12.77 13.18 12.30 13.64 15.22 11.69 12.69 12.43 13.43 17.26 16.13 16.129
P/OCF 12.12 13.24 16.54 17.61 11.94 10.04 11.85 13.10 12.37 11.54 12.08 11.32 12.67 13.90 10.71 11.60 10.95 11.93 15.05 14.00 13.998
EV/EBITDA 8.30 8.86 14.01 15.89 15.79 14.67 16.67 17.30 16.24 15.06 15.91 14.96 15.38 16.72 14.03 14.78 14.56 13.02 12.87 12.26 12.260
EV/Revenue 10.92 11.69 14.37 14.91 11.40 10.29 11.50 12.04 11.45 10.73 11.55 10.93 11.16 11.99 10.09 10.55 10.29 10.92 11.75 11.20 11.200
EV/EBIT 13.21 14.38 28.33 37.60 65.48 67.29 86.25 83.21 73.39 64.40 63.17 60.63 65.65 77.88 55.58 61.56 60.26 36.04 32.80 30.73 30.730
EV/FCF 17.85 19.07 23.46 25.72 20.25 18.36 22.13 23.39 21.66 20.15 19.94 19.14 21.02 22.60 18.71 19.72 19.53 20.39 24.37 23.32 23.318
Earnings Yield 9.8% 7.7% 10.2% 9.4% 12.6% 15.7% 4.8% 4.4% 2.6% 2.4% 1.2% 0.8% 1.3% 0.9% 2.0% 2.6% 3.7% 4.5% 3.9% 3.5% 3.49%
FCF Yield 7.8% 7.2% 5.6% 5.1% 7.3% 8.5% 7.1% 6.5% 7.1% 7.8% 7.6% 8.1% 7.3% 6.6% 8.6% 7.9% 8.0% 7.4% 5.8% 6.2% 6.20%
PEG Ratio snapshot only 0.628
Price/Tangible Book snapshot only 1.555
EV/OCF snapshot only 20.238
Acquirers Multiple snapshot only 77.323
Shareholder Yield snapshot only 7.09%
Graham Number snapshot only $35.66
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 2.07 2.07 2.18 2.18 2.18 2.18 1.31 1.31 1.31 1.31 3.12 3.12 3.12 3.12 1.40 1.40 1.40 1.40 85.31 85.31 85.307
Quick Ratio 2.07 2.07 2.18 2.18 2.18 2.18 1.31 1.31 1.31 1.31 3.12 3.12 3.12 3.12 1.40 1.40 1.40 1.40 85.31 85.31 85.307
Debt/Equity 0.63 0.63 0.61 0.61 0.61 0.61 0.59 0.59 0.59 0.59 0.75 0.75 0.75 0.75 0.70 0.70 0.70 0.70 0.67 0.67 0.673
Net Debt/Equity 0.54 0.54 0.53 0.53 0.53 0.53 0.57 0.57 0.57 0.57 0.60 0.60 0.60 0.60 0.65 0.65 0.65 0.65 0.59 0.59 0.589
Debt/Assets 0.36 0.36 0.35 0.35 0.35 0.35 0.34 0.34 0.34 0.34 0.40 0.40 0.40 0.40 0.38 0.38 0.38 0.38 0.39 0.39 0.387
Debt/EBITDA 2.77 2.77 3.96 4.49 5.88 6.11 6.25 6.11 5.89 5.74 6.73 6.66 6.74 6.81 5.66 5.66 5.69 4.77 4.28 4.32 4.317
Net Debt/EBITDA 2.37 2.37 3.42 3.88 5.07 5.27 6.01 5.87 5.66 5.52 5.40 5.34 5.40 5.46 5.26 5.27 5.29 4.44 3.75 3.78 3.780
Interest Coverage 5.75 5.80 3.74 2.87 1.27 1.13 0.94 1.02 1.14 1.25 1.34 1.18 0.97 0.81 0.98 0.94 0.96 1.71 2.01 2.14 2.138
Equity Multiplier 1.77 1.77 1.75 1.75 1.75 1.75 1.72 1.72 1.72 1.72 1.88 1.88 1.88 1.88 1.83 1.83 1.83 1.83 1.74 1.74 1.737
Cash Ratio snapshot only 56.236
Debt Service Coverage snapshot only 5.359
Cash to Debt snapshot only 0.124
FCF to Debt snapshot only 0.122
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 0.10 0.10 0.09 0.09 0.09 0.09 0.08 0.08 0.08 0.08 0.08 0.08 0.08 0.08 0.09 0.09 0.09 0.09 0.09 0.09 0.094
Inventory Turnover
Receivables Turnover 111.59 111.24 107.08 103.26 102.71 101.67 98.00 99.46 101.68 103.31 81.49 81.77 81.47 81.50 97.16 97.86 98.39 98.75 7.77 7.71 7.706
Payables Turnover 3.99 5.06 2.69 2.11 1.49 0.84 0.78 0.79 0.81 1.42 2.27 2.99 3.72 3.76 4.41 4.49 4.52 7.12 16.04 14.26 14.257
DSO 3 3 3 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 47 47 47.4 days
DIO 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0.0 days
DPO 91 72 136 173 245 432 469 464 449 257 161 122 98 97 83 81 81 51 23 26 25.6 days
Cash Conversion Cycle -88 -69 -133 -170 -242 -429 -466 -461 -445 -253 -156 -118 -94 -93 -79 -78 -77 -48 24 22 21.8 days
Fixed Asset Turnover snapshot only 39.825
Cash Velocity snapshot only 2.038
Capital Intensity snapshot only 10.184
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 4.5% 3.2% 4.1% -3.1% -3.5% -4.2% -6.6% -1.7% 1.0% 3.7% 6.0% 4.8% 2.1% 0.6% 5.3% 5.7% 6.6% 7.0% -2.3% -3.8% -3.81%
Net Income -2.1% 36.9% 1.1% 70.8% 23.4% 50.2% -70.3% -67.5% -79.7% -83.9% -73.3% -83.5% -50.2% -52.1% 46.3% 2.4% 1.7% 3.5% 1.5% 47.1% 47.15%
EPS -5.1% 34.0% 1.0% 64.9% 20.0% 52.1% -68.5% -67.8% -80.1% -84.6% -74.7% -83.5% -50.3% -52.1% 46.1% 2.4% 1.7% 3.5% 1.5% 47.9% 47.90%
FCF 14.5% 11.4% 10.1% -5.3% -11.2% -12.4% -20.8% -12.7% -5.1% -1.5% 18.3% 16.2% 2.6% 0.2% -2.0% -1.0% 5.8% 8.0% -12.7% -13.6% -13.62%
EBITDA -6.7% 29.0% -4.8% -20.9% -47.1% -49.1% -37.2% -27.1% -1.3% 5.4% 11.6% 10.0% 5.1% 1.3% 4.3% 3.3% 3.9% 25.1% 23.9% 23.1% 23.11%
Op. Income 39.1% -34.1% -5.0% 5.6% 36.4% 1.5% 71.6% 48.6% 22.2% -15.9% -31.1% -53.0% -75.3% -73.0% -57.7% -42.5% 7.2% 22.0% -24.5% -18.7% -18.68%
OCF Growth snapshot only -9.02%
Asset Growth snapshot only -7.97%
Equity Growth snapshot only -2.94%
Debt Growth snapshot only -6.14%
Shares Change snapshot only -0.51%
Dividend Growth snapshot only 4.16%
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 -5.7% -6.0% -4.5% -3.9% -1.8% -0.4% -0.5% 0.1% 0.6% 0.8% 1.0% -0.0% -0.1% -0.0% 1.4% 2.9% 3.2% 3.7% 2.9% 2.1% 2.13%
Revenue 5Y -4.6% -4.7% -4.0% -4.0% -3.5% -3.2% -3.9% -3.9% -4.0% -3.8% -2.9% -1.8% -0.5% 0.6% 1.9% 2.1% 2.1% 2.0% 1.2% 0.3% 0.30%
EPS 3Y 1.2% -5.6% 11.0% 2.2% -3.4% 10.0% -28.1% -27.9% -39.1% -32.1% -45.5% -55.6% -50.9% -51.8% -51.2% -43.6% -35.7% -30.8% -2.3% -6.3% -6.34%
EPS 5Y 11.6% 11.5% 28.1% 29.2% 46.6% 32.9% 2.8% 26.2% 21.1% -27.8% -35.8% -43.7% -38.4% -37.2% -32.7% -27.0% -21.2% -7.6% -9.8% -15.3% -15.27%
Net Income 3Y 1.3% -1.2% 18.9% 9.3% 2.9% 15.3% -25.9% -24.9% -37.5% -30.9% -45.1% -54.9% -50.1% -51.3% -51.2% -43.4% -35.2% -29.7% -0.2% -6.4% -6.37%
Net Income 5Y 15.4% 15.8% 33.8% 34.0% 51.5% 36.7% 5.9% 31.4% 26.1% -25.3% -33.1% -41.3% -35.7% -34.8% -30.8% -25.1% -19.9% -6.5% -9.2% -14.6% -14.56%
EBITDA 3Y 49.7% 42.9% 37.6% 24.4% 3.2% -14.8% -22.5% -22.4% -21.3% -11.6% -12.6% -14.1% -18.1% -18.4% -9.9% -6.1% 2.5% 10.1% 13.0% 11.8% 11.82%
EBITDA 5Y 20.5% 16.4% 12.4% 20.5% 19.0% 25.2% 21.4% 9.7% 11.9% 9.4% 12.8% 9.1% 2.6% -8.0% -11.5% -11.9% -11.9% -2.6% -2.9% -4.2% -4.21%
Gross Profit 3Y -1.6% -12.9% -3.5% 3.5% 13.7% 24.7% 24.4% 26.0% 27.4% 10.5% 4.3% -6.6% -18.1% -9.9% -14.1% -18.8% -23.5%
Gross Profit 5Y -4.5% -10.5% -4.6% -0.2% 5.4% 10.3% 9.2% 9.1% 8.5% 4.0% 0.6% -3.6% -9.7% -8.0% -5.1% -5.1% -4.7%
Op. Income 3Y -1.6% -16.0% -5.2% 2.8% 15.0% 28.8% 28.4% 30.4% 32.4% 11.2% 3.9% -9.7% -25.6% -17.4% -20.6% -26.2% -31.4% -34.8% -39.6% -39.7% -39.66%
Op. Income 5Y -5.6% -13.2% -6.8% -1.7% 4.9% 10.8% 10.7% 10.6% 9.7% 4.3% 0.2% -5.4% -14.4% -13.5% -9.2% -9.7% -9.3% -14.6% -18.5% -19.2% -19.18%
FCF 3Y -1.0% -0.4% 1.4% -0.6% 0.7% 1.5% -1.4% -1.5% -1.2% -1.3% 1.0% -1.3% -4.8% -4.7% -2.8% 0.1% 1.0% 2.2% 0.4% -0.2% -0.20%
FCF 5Y -1.4% -1.9% -1.8% -3.3% -2.7% -3.0% -4.7% -4.2% -3.9% -3.2% -0.5% -0.1% -0.1% 0.7% 2.1% 1.9% 0.9% 0.8% -2.5% -3.8% -3.84%
OCF 3Y -1.8% -0.7% 1.2% 0.5% 3.0% 3.9% 1.2% 1.1% -0.1% -1.5% 1.0% -1.1% -4.0% -3.5% -2.2% -0.1% 0.5% 0.8% -1.0% -1.0% -1.00%
OCF 5Y -2.5% -2.0% -0.8% -1.9% -1.0% -1.2% -2.6% -2.6% -2.9% -2.4% -0.2% 0.3% -0.1% 0.7% 1.9% 2.0% 1.5% 1.1% -1.5% -2.6% -2.59%
Assets 3Y -0.6% -0.6% 10.7% 10.7% 10.7% 10.7% 8.4% 8.4% 8.4% 8.4% 6.3% 6.3% 6.3% 6.3% -1.4% -1.4% -1.4% -1.4% -4.4% -4.4% -4.44%
Assets 5Y -1.8% -1.8% 3.1% 3.1% 3.1% 3.1% 2.7% 2.7% 2.7% 2.7% 7.3% 7.3% 7.3% 7.3% 3.9% 3.9% 3.9% 3.9% 0.2% 0.2% 0.25%
Equity 3Y 14.2% 14.2% 19.9% 19.9% 19.9% 19.9% 11.3% 11.3% 11.3% 11.3% 4.2% 4.2% 4.2% 4.2% -2.9% -2.9% -2.9% -2.9% -4.7% -4.7% -4.69%
Book Value 3Y 8.4% 9.1% 11.9% 12.1% 12.6% 14.3% 8.1% 6.9% 8.5% 9.4% 3.4% 2.8% 2.5% 3.1% -2.8% -3.2% -3.6% -4.5% -6.7% -4.7% -4.67%
Dividend 3Y -0.8% -1.3% -4.1% -4.2% -3.4% -1.0% 0.8% -0.9% -0.2% -0.1% 1.1% 0.5% 0.1% 0.6% 1.5% 1.0% 0.5% -0.4% -0.8% 1.4% 1.39%
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 0.84 0.76 0.72 0.79 0.76 0.63 0.61 0.66 0.63 0.61 0.57 0.61 0.38 0.22 0.41 0.66 0.71 0.66 0.57 0.23 0.234
Earnings Stability 0.50 0.45 0.71 0.67 0.70 0.58 0.06 0.08 0.02 0.08 0.31 0.49 0.63 0.30 0.54 0.59 0.62 0.27 0.36 0.46 0.456
Margin Stability 0.91 0.87 0.93 0.87 0.77 0.64 0.69 0.70 0.69 0.68 0.75 0.72 0.62 0.55 0.62 0.59 0.50 0.14 0.00 0.03 0.032
Rev. Growth Consistency 0.50 0.50 1.00 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 0.00 0.00 0.000
Earn. Growth Consistency 0.00 0.50 0.50 0.50 0.50 1.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.50 0.50 0.50 0.50 1.00 1.00 1.000
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 0.99 0.85 0.50 0.50 0.91 0.50 0.50 0.50 0.50 0.50 0.50 0.50 0.50 0.50 0.81 0.50 0.50 0.50 0.50 0.81 0.811
Earnings Smoothness 0.98 0.69 0.30 0.48 0.79 0.60 0.00 0.00 0.00 0.00 0.00 0.00 0.33 0.30 0.62 0.00 0.08 0.00 0.13 0.62 0.618
ROE Trend -0.06 -0.02 0.04 0.02 -0.00 0.04 -0.08 -0.08 -0.11 -0.11 -0.09 -0.09 -0.07 -0.07 -0.01 0.00 0.02 0.04 0.04 0.03 0.027
Gross Margin Trend 0.08 -0.10 0.02 0.12 0.25 0.39 0.32 0.27 0.21 0.08 -0.09 -0.28 -0.48 -0.49 -0.39 -0.33 -0.26 -0.60 -0.73 -0.52 -0.524
FCF Margin Trend 0.07 0.06 0.06 0.01 -0.02 -0.03 -0.08 -0.07 -0.06 -0.05 0.01 0.02 -0.01 -0.02 -0.01 -0.01 -0.00 0.00 -0.08 -0.07 -0.073
Sustainable Growth Rate 7.3% 5.4% 11.9% 10.3% 8.7% 9.2% -1.3% -1.3% -3.5% -4.1% -5.3% -5.9% -5.3% -5.7% -5.3% -4.4% -3.4% -2.1% -2.5% -3.5% -3.50%
Internal Growth Rate 4.2% 3.0% 7.3% 6.2% 5.2% 5.5%
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 0.85 0.98 0.59 0.60 0.67 0.64 1.75 1.73 3.09 3.68 7.09 11.24 6.01 7.61 4.75 3.31 2.48 1.87 1.71 2.05 2.048
FCF/OCF 0.95 0.95 0.93 0.91 0.87 0.85 0.84 0.85 0.88 0.90 0.92 0.92 0.93 0.91 0.92 0.91 0.88 0.89 0.87 0.87 0.868
FCF/Net Income snapshot only 1.777
OCF/EBITDA snapshot only 0.606
CapEx/Revenue 3.2% 3.3% 4.4% 6.0% 8.5% 9.6% 10.1% 9.3% 7.4% 5.7% 5.3% 4.9% 4.0% 5.0% 5.0% 5.0% 7.1% 6.8% 7.1% 7.3% 7.31%
CapEx/Depreciation snapshot only 0.133
Accruals Ratio 0.01 0.00 0.04 0.04 0.03 0.03 -0.02 -0.02 -0.03 -0.04 -0.04 -0.05 -0.04 -0.04 -0.04 -0.04 -0.03 -0.03 -0.02 -0.03 -0.027
Sloan Accruals snapshot only 0.003
Cash Flow Adequacy snapshot only 1.003
Earnings Quality Score snapshot only 1.000
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 4.7% 4.3% 3.4% 3.5% 5.3% 6.6% 6.1% 5.6% 5.9% 6.5% 5.8% 6.4% 6.3% 5.7% 7.0% 6.5% 6.8% 6.2% 5.6% 6.2% 5.26%
Dividend/Share $2.26 $2.24 $2.19 $2.28 $2.39 $2.54 $2.60 $2.49 $2.52 $2.55 $2.61 $2.63 $2.66 $2.68 $2.71 $2.73 $2.76 $2.78 $2.79 $2.86 $2.75
Payout Ratio 48.2% 56.2% 33.5% 37.4% 42.5% 41.9% 1.3% 1.3% 2.3% 2.7% 5.0% 8.1% 4.8% 6.0% 3.6% 2.5% 1.8% 1.4% 1.5% 1.8% 1.77%
FCF Payout Ratio 60.0% 60.5% 60.9% 68.5% 73.5% 77.2% 85.9% 86.3% 83.3% 82.4% 77.0% 78.6% 85.7% 86.6% 81.8% 82.7% 84.3% 83.4% 97.3% 99.7% 99.67%
Total Payout Ratio 51.3% 59.7% 34.9% 37.4% 64.3% 79.5% 2.4% 2.4% 3.2% 2.8% 5.1% 8.4% 4.9% 6.2% 3.6% 2.5% 1.9% 1.4% 1.5% 2.0% 2.03%
Div. Increase Streak 0 0 0 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1
Chowder Number 0.19 0.14 0.12 0.11 0.14 0.18 0.18 0.15 0.13 0.12 0.12 0.12 0.12 0.11 0.11 0.11 0.11 0.10 0.10 0.10 0.103
Buyback Yield 0.3% 0.3% 0.1% 0.0% 2.7% 5.9% 5.5% 5.0% 2.4% 0.2% 0.1% 0.2% 0.2% 0.2% 0.1% 0.0% 0.0% 0.1% 0.2% 0.9% 0.91%
Net Buyback Yield 0.1% -1.6% -1.5% -2.7% -1.1% 3.9% -3.6% -1.8% -4.7% -7.5% 0.1% 0.2% 0.2% 0.2% 0.1% 0.0% 0.0% 0.1% 0.2% 0.9% 0.91%
Total Shareholder Return 4.8% 2.7% 2.0% 0.9% 4.2% 10.4% 2.5% 3.8% 1.2% -1.1% 5.9% 6.6% 6.5% 5.9% 7.1% 6.6% 6.8% 6.3% 5.9% 7.1% 7.09%
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) 0.98 0.98 0.99 0.99 0.99 0.99 0.97 0.97 0.95 0.94 0.83 0.76 0.87 0.88 1.04 1.04 1.03 0.96 0.96 0.92 0.918
Interest Burden (EBT/EBIT) 0.94 0.83 2.21 2.71 5.63 6.81 2.74 2.49 1.31 1.02 0.59 0.40 0.64 0.56 0.66 0.99 1.38 1.11 0.94 0.81 0.807
EBIT Margin 0.83 0.81 0.51 0.40 0.17 0.15 0.13 0.14 0.16 0.17 0.18 0.18 0.17 0.15 0.18 0.17 0.17 0.30 0.36 0.36 0.364
Asset Turnover 0.10 0.10 0.09 0.09 0.09 0.09 0.08 0.08 0.08 0.08 0.08 0.08 0.08 0.08 0.09 0.09 0.09 0.09 0.09 0.09 0.094
Equity Multiplier 1.82 1.82 1.76 1.76 1.76 1.76 1.74 1.74 1.74 1.74 1.80 1.80 1.80 1.80 1.86 1.86 1.86 1.86 1.78 1.78 1.785
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) $4.69 $3.98 $6.53 $6.09 $5.62 $6.06 $2.06 $1.96 $1.12 $0.93 $0.52 $0.32 $0.55 $0.45 $0.76 $1.09 $1.50 $2.00 $1.92 $1.61 $1.61
Book Value/Share $35.51 $34.93 $39.12 $39.62 $40.13 $41.13 $42.60 $40.42 $40.42 $40.39 $38.31 $38.31 $38.27 $38.27 $35.96 $35.89 $35.90 $35.85 $34.64 $35.02 $34.37
Tangible Book/Share $31.74 $31.22 $35.87 $36.33 $36.79 $37.71 $39.79 $37.75 $37.76 $37.73 $34.00 $34.00 $33.97 $33.97 $31.75 $31.69 $31.70 $31.65 $29.44 $29.76 $29.76
Revenue/Share $6.16 $6.04 $5.87 $5.74 $5.78 $5.86 $5.82 $5.60 $5.73 $5.81 $5.84 $5.86 $5.84 $5.84 $6.14 $6.18 $6.21 $6.22 $5.96 $5.97 $5.97
FCF/Share $3.77 $3.70 $3.60 $3.33 $3.25 $3.28 $3.02 $2.88 $3.03 $3.10 $3.39 $3.35 $3.10 $3.10 $3.31 $3.30 $3.27 $3.34 $2.87 $2.87 $2.87
OCF/Share $3.96 $3.90 $3.86 $3.67 $3.74 $3.85 $3.61 $3.40 $3.45 $3.43 $3.69 $3.64 $3.33 $3.39 $3.62 $3.61 $3.71 $3.76 $3.30 $3.30 $3.30
Cash/Share $3.22 $3.17 $3.26 $3.30 $3.34 $3.43 $0.98 $0.93 $0.93 $0.93 $5.65 $5.65 $5.65 $5.65 $1.75 $1.74 $1.74 $1.74 $2.90 $2.93 $2.24
EBITDA/Share $8.10 $7.97 $6.03 $5.38 $4.17 $4.11 $4.01 $3.90 $4.04 $4.14 $4.24 $4.28 $4.23 $4.19 $4.42 $4.41 $4.39 $5.22 $5.44 $5.46 $5.46
Debt/Share $22.46 $22.09 $23.88 $24.19 $24.50 $25.11 $25.09 $23.80 $23.80 $23.78 $28.55 $28.55 $28.52 $28.52 $25.01 $24.96 $24.97 $24.93 $23.30 $23.55 $23.55
Net Debt/Share $19.24 $18.92 $20.62 $20.89 $21.15 $21.68 $24.10 $22.87 $22.87 $22.85 $22.89 $22.90 $22.87 $22.87 $23.26 $23.22 $23.23 $23.19 $20.40 $20.62 $20.62
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 0.845
Altman Z-Prime snapshot only 1.348
Piotroski F-Score 4 5 6 6 6 7 5 5 5 5 6 6 6 5 6 5 6 5 6 8 8
Beneish M-Score -2.31 -1.57 -2.64 -2.64 -2.71 -2.68 -2.40 -2.43 -2.49 -1.56 -1.63 -1.51 -1.38 -2.52 -2.74 -2.58 -2.63 -3.18 -3.85 -3.02 -3.018
Ohlson O-Score snapshot only -8.232
ROIC (Greenblatt) snapshot only 47.92%
Net-Net WC snapshot only $-21.15
EVA snapshot only $-273593447.44
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 BB+
Credit Score 57.96 55.89 54.45 48.51 34.86 34.07 27.12 30.72 32.43 33.69 37.06 39.05 34.98 36.58 29.45 29.87 28.93 38.20 47.62 47.98 47.976
Credit Grade snapshot only 11
Credit Trend snapshot only 18.111
Implied Spread (bps) snapshot only 400.000
Industry Credit Rank snapshot only 47
Sector Credit Rank snapshot only 63

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