Also trades as: MSBIP (NASDAQ) · $vol 0M

$27.63

+0.05 (+0.18%)

Weekly Expected Move ±5.4%

$24 $25 $27 $28 $29

NASDAQ · Financial Services · Banks - Regional · Alpha Radar Strong Buy · Power 70 · $572.8M mcap · 19M float · 0.747% daily turnover · Short 51% of daily vol

Overview News Chart Smart Money Financials Income Statement Cash Flow Balance Sheet Earnings

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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

36.4 / 100

NoneWeakNarrowWide

Primary source: Intangible Assets · ROIC: -5.4%

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. MSBI has No discernible competitive edge (36.4/100). The business operates without significant structural advantages. The primary source of advantage is Intangible Assets. Negative ROIC of -5.4% indicates the company is currently destroying value, though this may reflect a growth investment phase.

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

$26

Low

$27

Avg Target

$28

High

Based on 2 analysts since Apr 23, 2026 earnings

Analyst Recommendations

Strong Buy: 0Buy: 0Hold: 4Sell: 0Strong Sell: 0

Rating Summary

ConsensusHold

Avg Target$27.00

Analysts2

Price Target Change History

Date	Firm	Analyst	Old	New	Change	Upside @ Call	Stock@Call
2026-04-27	D.A. Davidson	—	$24	$26	+2	-0.1%	$26.03
2026-04-27	Piper Sandler	Nathan Race	$19	$28	+9	+12.0%	$25.00
2026-01-26	D.A. Davidson	—	Initiated	$24	—	+4.3%	$23.00
2026-01-26	UBS	—	Initiated	$26	—	+10.9%	$23.00
2025-12-02	Piper Sandler	Nathan Race	$18	$19	+1	+14.7%	$16.56
2025-11-04	Piper Sandler	—	$27	$18	-9	+10.9%	$16.23
2025-09-10	Stephens	—	Initiated	$21	—	+17.5%	$17.87
2024-07-30	Piper Sandler	Nathan Race	$24	$27	+2	+15.9%	$23.29
2024-04-30	Piper Sandler	Nathan Race	Initiated	$24	—	+11.9%	$21.90

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+

May 22, 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. MSBI receives an overall rating of B+. Strongest factors: DCF (5/5). Areas of concern: D/E (2/5), P/E (2/5).

Rating Change History

Date	From	To
2026-05-18	B	B+
2026-04-28	B+	B
2026-04-27	C+	B+
2026-04-16	B-	C+
2026-04-02	C+	B-
2026-04-01	B-	C+
2026-03-04	C+	B-
2026-03-02	B-	C+
2026-02-20	C+	B-
2026-02-11	B-	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.

★ ★ ★ ★ ★ 48 Grade A

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. MSBI scores highest in Earnings Quality (92/100) and lowest in Growth (39/100). An overall grade of A places MSBI 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-B Score

2.47

Grey Zone

Piotroski F-Score

7/9

✓ ✓ ✓ ✓ ✗ ✓ ✓ ✓ ✗

Beneish M-Score

-3.67

Unlikely Manipulator

Ohlson O-Score

-5.93

Bankruptcy prob: 0.3%

Low Risk

Credit Rating

BBB

Score: 59.0/100

Trend: Improving

Earnings Quality

100/100

OCF/NI: 3.35x

Accruals: -1.2%

The Altman-B Score replaces the traditional Z-Score for banks and financial institutions. It weights equity-to-assets, return on assets, retained earnings, market value coverage, and cash reserves — metrics that better capture bank solvency than manufacturing-oriented ratios. MSBI scores 2.47, placing it in the Grey Zone (safe > 3.0, distress < 1.5). 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. MSBI scores 7/9, signaling strong financial health across all three dimensions. The Beneish M-Score (1999) is an 8-variable model that detects earnings manipulation by comparing year-over-year changes in receivables, gross margins, asset quality, sales growth, depreciation, SG&A, leverage, and accruals. Scores above −1.78 statistically resemble past manipulators. MSBI's score of -3.67 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. MSBI's implied 0.3% 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. MSBI receives an estimated rating of BBB (score: 59.0/100), 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). MSBI'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

16.74x

PEG

-0.37x

P/S

1.28x

P/B

1.05x

P/FCF

4.06x

P/OCF

4.03x

EV/EBITDA

-14.08x

EV/Revenue

-1.66x

EV/EBIT

-15.85x

EV/FCF

-6.37x

Earnings Yield

7.40%

FCF Yield

24.63%

Shareholder Yield

11.42%

Graham Number

$31.40

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 16.7x earnings, MSBI trades at a reasonable valuation. An earnings yield of 7.4% exceeds typical risk-free rates, suggesting equities are being compensated for risk. Graham's intrinsic value formula yields $31.40 per share, suggesting a potential 14% margin of safety at 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

0.747

NI / EBT

Interest Burden

1.000

EBT / EBIT

EBIT Margin

0.105

EBIT / Rev

Asset Turnover

0.064

Rev / Assets

Equity Multiplier

10.983

Assets / Equity

ROE

5.5%

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. MSBI's ROE of 5.5% is driven by financial leverage (equity multiplier: 10.98x). 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

0.00%

Fair P/E

8.50x

Intrinsic Value

$14.03

Price/Value

1.59x

Margin of Safety

-59.03%

Premium

59.03%

Assessment

Overvalued

Graham's classic formula uses analyst-projected growth to estimate a fair P/E (8.5 + 2g). Our adjusted version replaces that projection with MSBI's realized 0.0% 3-year EPS CAGR — what the company actually delivered, not what analysts hope for. MSBI trades at a 59% premium to its adjusted intrinsic value of $14.03, 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 16.7x.

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

$27.63

Median 1Y

$27.64

5th Pctile

$14.79

95th Pctile

$51.63

Ann. Volatility

38.0%

Analyst Target

$27.00

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
Jeffrey G. Ludwig President and Chief Executive Officer of the Company and Chief Executive Officer of the Bank	$749,800	$562,322	$1,532,241
Jeremy A. Jameson Executive Vice President and Chief Credit Officer of the Bank	$456,400	$841,264	$1,427,826
Jeffrey S. Mefford Executive Vice President of the Company and President of the Bank	$525,000	$341,258	$1,015,835
Eric T. Lemke Senior Vice President and Chief Financial Officer of the Company and the Bank	$437,400	$218,721	$742,205
Daniel E. Casey Executive Vice President and Chief Risk Officer of the Bank	$340,615	$157,526	$564,269

CEO Pay Ratio

10:1

CEO-to-Employee Pay Ratio

CEO Total Comp: $1,532,241

Avg Employee Cost (SGA/emp): $146,157

Employees: 861

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

861

-3.9% YoY

Revenue / Employee

$543,079

Rev: $467,591,000

Profit / Employee

$-144,345

NI: $-124,281,000

SGA / Employee

$146,157

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	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	7.3%	10.4%	12.7%	13.0%	13.3%	13.9%	13.9%	14.1%	14.0%	12.3%	8.9%	9.0%	9.5%	10.7%	9.0%	-12.8%	-14.6%	-16.3%	-19.5%	5.5%	5.51%
ROA	0.7%	1.0%	1.1%	1.2%	1.2%	1.2%	1.3%	1.3%	1.3%	1.1%	0.9%	0.9%	0.9%	1.1%	0.9%	-1.2%	-1.4%	-1.6%	-1.8%	0.5%	0.50%
ROIC	7.4%	10.4%	-21.4%	-22.0%	-22.5%	-23.5%	20.6%	20.8%	20.7%	18.2%	19.9%	20.1%	21.3%	23.9%	99.9%	-97.1%	-1.2%	-1.3%	13.9%	-5.4%	-5.37%
ROCE	3.4%	4.7%	8.5%	8.8%	9.7%	10.0%	10.6%	10.7%	10.7%	10.1%	8.0%	8.0%	8.3%	8.4%	7.6%	-7.6%	-9.1%	-10.4%	-1.8%	0.7%	0.73%
Gross Margin	89.8%	91.0%	92.2%	87.0%	84.0%	76.1%	74.7%	65.5%	59.7%	56.1%	54.4%	52.5%	58.0%	50.7%	28.5%	54.9%	52.1%	50.3%	68.9%	68.9%	68.92%
Operating Margin	24.7%	33.2%	36.0%	35.2%	34.9%	31.2%	36.7%	25.9%	24.5%	20.1%	17.5%	21.0%	23.6%	18.1%	-1.3%	-1.2%	12.6%	9.8%	-3.0%	22.3%	22.30%
Net Margin	26.1%	25.5%	27.2%	26.7%	26.2%	25.0%	27.5%	19.7%	18.3%	10.0%	12.0%	16.4%	19.1%	14.9%	-0.6%	-1.2%	10.2%	6.5%	-2.7%	17.1%	17.07%
EBITDA Margin	30.2%	38.4%	40.6%	40.2%	39.3%	35.1%	39.3%	28.7%	26.9%	23.0%	20.4%	23.5%	26.1%	20.5%	0.5%	-1.2%	15.1%	12.3%	-3.0%	22.3%	22.30%
FCF Margin	1.6%	1.3%	1.1%	67.2%	83.5%	69.4%	62.2%	51.0%	30.7%	19.4%	31.7%	32.6%	26.3%	30.3%	28.6%	29.2%	32.4%	42.7%	27.1%	26.1%	26.07%
OCF Margin	1.6%	1.3%	1.1%	68.0%	84.3%	70.3%	63.1%	52.4%	32.4%	21.2%	33.6%	33.9%	27.5%	31.4%	29.8%	30.6%	33.3%	43.5%	27.6%	26.3%	26.26%
ROE 3Y Avg	snapshot only																				0.51%
ROE 5Y Avg	snapshot only																				5.46%
ROA 3Y Avg	snapshot only																				0.05%
ROIC Economic	snapshot only																				3.56%
Cash ROA	snapshot only																				1.81%
NOPAT Margin	snapshot only																				7.83%
Pretax Margin	snapshot only																				10.48%
R&D / Revenue	snapshot only																				0.00%
SGA / Revenue	snapshot only																				28.47%
SBC / Revenue	snapshot only																				0.86%

Valuation

Metric	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	9.96	6.68	5.54	6.27	5.18	4.91	5.07	4.09	3.82	4.50	7.73	7.04	6.05	5.39	7.27	-3.73	-3.32	-3.00	-3.72	13.52	16.741
P/S Ratio	1.49	1.43	1.43	1.66	1.37	1.29	1.34	1.00	0.86	0.85	1.16	1.01	0.89	0.85	0.83	0.63	0.66	0.69	1.01	1.06	1.275
P/B Ratio	0.75	0.72	0.68	0.79	0.67	0.66	0.66	0.54	0.50	0.52	0.67	0.62	0.56	0.56	0.69	0.50	0.51	0.52	0.82	0.84	1.053
P/FCF	0.94	1.13	1.36	2.46	1.64	1.85	2.15	1.97	2.81	4.40	3.64	3.08	3.37	2.80	2.90	2.15	2.03	1.62	3.74	4.06	4.060
P/OCF	0.94	1.13	1.35	2.44	1.62	1.83	2.12	1.91	2.67	4.03	3.44	2.96	3.22	2.70	2.79	2.05	1.97	1.59	3.68	4.03	4.029
EV/EBITDA	6.44	4.79	-5.14	-4.38	-4.70	-4.59	1.56	0.91	0.73	0.86	0.76	0.39	0.01	0.01	-1.56	4.06	3.18	2.71	7.16	-14.08	-14.077
EV/Revenue	1.54	1.48	-1.88	-1.64	-1.86	-1.78	0.60	0.32	0.24	0.25	0.19	0.09	0.00	0.00	-0.25	-0.50	-0.50	-0.52	-1.66	-1.66	-1.660
EV/EBIT	8.49	5.81	-5.98	-5.07	-5.34	-5.19	1.74	1.01	0.80	0.94	0.85	0.44	0.01	0.01	-1.80	3.43	2.79	2.42	6.60	-15.85	-15.845
EV/FCF	0.98	1.17	-1.79	-2.44	-2.23	-2.56	0.97	0.63	0.77	1.31	0.59	0.28	0.01	0.01	-0.89	-1.72	-1.56	-1.21	-6.13	-6.37	-6.368
Earnings Yield	10.0%	15.0%	18.1%	15.9%	19.3%	20.4%	19.7%	24.5%	26.2%	22.2%	12.9%	14.2%	16.5%	18.6%	13.8%	-26.8%	-30.1%	-33.3%	-26.9%	7.4%	7.40%
FCF Yield	1.1%	88.2%	73.7%	40.6%	61.1%	54.0%	46.4%	50.8%	35.6%	22.7%	27.4%	32.4%	29.7%	35.8%	34.4%	46.5%	49.3%	61.8%	26.7%	24.6%	24.63%
Price/Tangible Book	snapshot only																				0.866
EV/OCF	snapshot only																				-6.320
EV/Gross Profit	snapshot only																				-2.781
Acquirers Multiple	snapshot only																				-15.845
Shareholder Yield	snapshot only																				11.42%
Graham Number	snapshot only																				$31.40

Leverage & Solvency

Metric	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	0.28	0.28	0.32	0.32	0.32	0.32	0.22	0.22	0.22	0.22	0.23	0.23	0.23	0.23	0.23	0.23	0.23	0.23	27.46	27.46	27.463
Quick Ratio	0.28	0.28	0.32	0.32	0.32	0.32	0.22	0.22	0.22	0.22	0.23	0.23	0.23	0.23	0.23	0.23	0.23	0.23	27.46	27.46	27.463
Debt/Equity	1.66	1.66	0.81	0.81	0.81	0.81	0.85	0.85	0.85	0.85	0.76	0.76	0.76	0.76	0.60	0.60	0.60	0.60	0.76	0.76	0.764
Net Debt/Equity	0.03	0.03	-1.57	-1.57	-1.57	-1.57	-0.37	-0.37	-0.37	-0.37	-0.56	-0.56	-0.56	-0.56	-0.90	-0.90	-0.90	-0.90	-2.16	-2.16	-2.159
Debt/Assets	0.15	0.15	0.07	0.07	0.07	0.07	0.08	0.08	0.08	0.08	0.08	0.08	0.08	0.08	0.06	0.06	0.06	0.06	0.07	0.07	0.066
Debt/EBITDA	13.68	10.72	4.65	4.53	4.19	4.07	4.47	4.46	4.49	4.71	5.32	5.28	5.13	5.05	4.38	-6.01	-4.82	-4.16	-4.08	8.16	8.159
Net Debt/EBITDA	0.21	0.17	-9.04	-8.81	-8.14	-7.92	-1.92	-1.92	-1.93	-2.03	-3.92	-3.89	-3.78	-3.72	-6.65	9.13	7.33	6.32	11.53	-23.05	-23.051
Interest Coverage	1.57	2.39	3.29	3.74	4.16	3.28	2.32	1.54	1.10	0.84	0.60	0.57	0.56	0.56	0.44	-0.45	-0.57	-0.70	-0.76	0.34	0.339
Equity Multiplier	11.05	11.05	11.21	11.21	11.21	11.21	10.36	10.36	10.36	10.36	9.93	9.93	9.93	9.93	10.56	10.56	10.56	10.56	11.51	11.51	11.514
Cash Ratio	snapshot only																				27.463
Debt Service Coverage	snapshot only																				0.382
Cash to Debt	snapshot only																				3.825
FCF to Debt	snapshot only																				0.271
Defensive Interval	snapshot only																				2768.4 days

Efficiency & Turnover

Metric	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	0.05	0.05	0.04	0.04	0.05	0.05	0.05	0.05	0.06	0.06	0.06	0.06	0.06	0.07	0.08	0.07	0.07	0.07	0.07	0.06	0.064
Inventory Turnover	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Receivables Turnover	15.82	15.62	14.66	14.71	15.02	15.84	18.86	20.50	22.22	23.23	20.33	21.57	22.31	23.34	23.60	22.67	22.01	21.13	18.55	18.27	18.273
Payables Turnover	19.53	14.80	0.71	0.67	0.79	1.12	0.87	1.20	1.59	1.91	1.99	2.28	2.37	2.55	2.73	2.61	2.61	2.52	3.21	2.91	2.913
DSO	23	23	25	25	24	23	19	18	16	16	18	17	16	16	15	16	17	17	20	20	20.0 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	19	25	511	545	464	326	417	305	230	191	184	160	154	143	134	140	140	145	114	125	125.3 days
Cash Conversion Cycle	4	-1	-486	-520	-440	-303	-398	-287	-213	-176	-166	-143	-138	-127	-118	-124	-123	-127	-94	-105	-105.3 days
Fixed Asset Turnover	snapshot only																				5.275
Cash Velocity	snapshot only																				0.272
Capital Intensity	snapshot only																				14.499

Growth (YoY)

Metric	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	-3.3%	-3.3%	-1.6%	-0.7%	2.4%	9.4%	19.0%	28.9%	36.8%	35.6%	22.6%	19.7%	14.2%	14.3%	28.9%	16.7%	9.6%	0.6%	-23.1%	-21.2%	-21.17%
Net Income	19.0%	1.5%	2.6%	1.1%	81.1%	34.1%	21.8%	19.8%	16.9%	-1.8%	-30.5%	-30.3%	-26.0%	-5.4%	-1.6%	-2.4%	-2.5%	-2.5%	-2.8%	1.4%	1.37%
EPS	22.5%	1.5%	2.7%	1.1%	83.7%	35.3%	22.2%	19.0%	17.8%	0.0%	-28.3%	-28.0%	-24.4%	-4.1%	-0.9%	-2.4%	-2.5%	-2.5%	-2.8%	1.4%	1.38%
FCF	-20.2%	-6.7%	-33.2%	-64.6%	-45.8%	-39.7%	-29.7%	-2.2%	-49.6%	-62.1%	-37.5%	-23.5%	-2.3%	78.4%	16.3%	4.4%	35.3%	42.1%	-27.2%	-29.5%	-29.53%
EBITDA	6.7%	67.1%	1.2%	62.5%	70.2%	37.2%	24.9%	22.1%	12.0%	3.7%	-21.2%	-20.9%	-17.9%	-12.4%	-14.9%	-1.6%	-1.7%	-1.8%	-2.1%	1.8%	1.75%
Op. Income	12.5%	1.1%	2.1%	89.6%	97.2%	47.0%	31.0%	28.0%	16.1%	6.7%	-22.3%	-22.7%	-20.2%	-14.5%	-17.3%	-1.8%	-2.0%	-2.1%	-2.4%	1.6%	1.56%
OCF Growth	snapshot only																				-32.34%
Asset Growth	snapshot only																				-13.26%
Equity Growth	snapshot only																				-20.45%
Debt Growth	snapshot only																				2.08%
Shares Change	snapshot only																				-3.41%
Dividend Growth	snapshot only																				1.96%

Growth (CAGR)

Metric	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	7.9%	5.1%	2.5%	1.0%	1.1%	1.9%	5.1%	7.8%	10.6%	12.8%	12.8%	15.3%	17.0%	19.2%	23.4%	21.6%	19.6%	16.0%	6.7%	3.3%	3.27%
Revenue 5Y	47.2%	27.8%	15.8%	9.7%	9.9%	9.8%	12.2%	12.6%	12.0%	11.5%	9.4%	9.7%	10.1%	10.4%	12.9%	11.9%	11.1%	10.5%	7.3%	7.1%	7.11%
EPS 3Y	39.4%	42.0%	30.0%	20.6%	18.9%	18.4%	24.4%	36.0%	38.4%	50.2%	47.5%	22.3%	17.8%	9.1%	-4.6%	—	—	—	—	-28.1%	-28.13%
EPS 5Y	33.1%	25.9%	16.5%	11.9%	15.9%	25.1%	41.8%	58.9%	42.4%	31.1%	14.0%	8.5%	8.4%	9.7%	6.5%	—	—	—	—	-1.2%	-1.17%
Net Income 3Y	36.2%	38.5%	27.3%	17.4%	15.7%	14.6%	21.1%	32.2%	36.1%	48.1%	45.1%	20.8%	16.2%	7.6%	-5.9%	—	—	—	—	-29.4%	-29.43%
Net Income 5Y	47.3%	35.1%	25.2%	19.1%	21.9%	28.3%	43.9%	60.6%	39.9%	28.5%	11.8%	6.2%	6.0%	6.9%	4.0%	—	—	—	—	-2.3%	-2.32%
EBITDA 3Y	19.3%	22.0%	20.0%	12.7%	12.9%	11.2%	16.2%	24.1%	26.7%	33.5%	30.2%	16.2%	16.1%	7.6%	-5.7%	—	—	—	—	-28.5%	-28.46%
EBITDA 5Y	40.6%	26.8%	17.0%	12.0%	15.8%	20.3%	29.3%	34.7%	26.5%	20.9%	11.2%	6.7%	5.8%	4.5%	1.0%	—	—	—	—	-6.2%	-6.19%
Gross Profit 3Y	6.8%	6.5%	5.4%	4.8%	5.2%	4.8%	6.7%	8.2%	8.7%	8.8%	5.7%	3.9%	3.3%	2.5%	-1.1%	-2.7%	-4.9%	-6.6%	-5.0%	-4.1%	-4.06%
Gross Profit 5Y	44.0%	26.6%	15.9%	10.1%	10.0%	9.0%	11.0%	10.1%	7.9%	6.3%	2.4%	1.8%	2.5%	2.6%	2.0%	1.9%	0.8%	0.4%	2.3%	2.1%	2.13%
Op. Income 3Y	25.2%	28.1%	25.0%	15.8%	16.3%	14.7%	21.5%	32.7%	37.1%	49.3%	46.6%	23.3%	22.3%	10.3%	-5.5%	—	—	—	—	-28.9%	-28.94%
Op. Income 5Y	40.4%	28.5%	18.4%	13.7%	18.4%	24.7%	37.4%	48.5%	35.1%	26.9%	14.7%	9.0%	7.8%	6.6%	2.9%	—	—	—	—	-2.7%	-2.74%
FCF 3Y	1.2%	80.2%	54.5%	37.3%	36.0%	-20.6%	-20.1%	-24.5%	-39.8%	-40.3%	-33.5%	-35.8%	-35.6%	-25.9%	-20.0%	-7.9%	-12.7%	-1.4%	-19.1%	-17.4%	-17.42%
FCF 5Y	87.3%	38.3%	35.8%	12.5%	22.2%	35.4%	29.4%	30.7%	22.8%	6.0%	10.2%	14.2%	4.3%	-19.5%	-18.0%	-19.2%	-22.0%	-11.6%	-24.3%	-27.9%	-27.89%
OCF 3Y	1.1%	74.9%	51.0%	34.1%	33.8%	-20.5%	-20.1%	-24.1%	-38.9%	-38.6%	-32.3%	-35.0%	-34.7%	-25.1%	-19.2%	-6.8%	-12.2%	-1.2%	-19.0%	-18.0%	-17.97%
OCF 5Y	85.8%	38.2%	35.5%	12.2%	21.6%	32.8%	27.4%	28.6%	20.6%	5.8%	9.8%	13.2%	4.1%	-19.1%	-17.6%	-18.6%	-21.7%	-11.4%	-24.1%	-27.8%	-27.84%
Assets 3Y	15.9%	15.9%	9.7%	9.7%	9.7%	9.7%	8.9%	8.9%	8.9%	8.9%	4.6%	4.6%	4.6%	4.6%	0.3%	0.3%	0.3%	0.3%	-6.1%	-6.1%	-6.07%
Assets 5Y	18.9%	18.9%	18.1%	18.1%	18.1%	18.1%	12.2%	12.2%	12.2%	12.2%	6.9%	6.9%	6.9%	6.9%	4.3%	4.3%	4.3%	4.3%	-1.1%	-1.1%	-1.06%
Equity 3Y	11.4%	11.4%	2.9%	2.9%	2.9%	2.9%	4.6%	4.6%	4.6%	4.6%	8.4%	8.4%	8.4%	8.4%	2.3%	2.3%	2.3%	2.3%	-9.3%	-9.3%	-9.33%
Book Value 3Y	13.9%	14.2%	5.1%	5.7%	5.8%	6.3%	7.6%	7.7%	6.4%	6.2%	10.2%	9.7%	10.0%	9.9%	3.7%	2.8%	3.1%	3.1%	-8.4%	-7.7%	-7.65%
Dividend 3Y	2.3%	2.6%	2.3%	3.6%	3.8%	4.2%	7.9%	10.8%	12.0%	14.0%	8.6%	5.2%	3.0%	0.8%	1.8%	0.9%	1.2%	1.3%	1.5%	2.5%	2.50%

Growth Quality

Metric	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	0.81	0.77	0.74	0.70	0.70	0.73	0.82	0.82	0.75	0.73	0.75	0.71	0.72	0.72	0.76	0.83	0.86	0.87	0.59	0.59	0.590
Earnings Stability	0.60	0.56	0.46	0.52	0.62	0.66	0.68	0.80	0.80	0.70	0.41	0.46	0.51	0.53	0.20	0.20	0.21	0.21	0.27	0.20	0.200
Margin Stability	0.92	0.92	0.90	0.91	0.92	0.92	0.91	0.91	0.90	0.88	0.85	0.83	0.83	0.81	0.75	0.75	0.74	0.75	0.79	0.80	0.797
Rev. Growth Consistency	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	0.00	0.00	0.000
Earn. Growth Consistency	0.50	0.50	0.50	0.50	1.00	1.00	1.00	1.00	1.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.50	0.500
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	0.92	0.50	0.50	0.50	0.50	0.86	0.91	0.92	0.93	0.99	0.88	0.88	0.90	0.98	0.99	0.20	0.20	0.20	0.20	0.20	0.200
Earnings Smoothness	0.83	0.15	0.00	0.28	0.42	0.71	0.80	0.82	0.84	0.98	0.64	0.64	0.70	0.94	0.98	—	—	—	—	—	—
ROE Trend	0.00	0.04	0.06	0.06	0.06	0.06	0.05	0.04	0.03	-0.01	-0.04	-0.04	-0.04	-0.02	-0.01	-0.24	-0.27	-0.28	-0.31	0.09	0.086
Gross Margin Trend	0.05	0.10	0.15	0.15	0.12	0.06	-0.01	-0.08	-0.16	-0.21	-0.26	-0.27	-0.23	-0.20	-0.23	-0.19	-0.17	-0.15	0.04	0.09	0.088
FCF Margin Trend	0.45	-0.13	-0.43	-1.01	-0.91	-0.59	-0.68	-0.77	-0.90	-0.78	-0.52	-0.26	-0.31	-0.14	-0.18	-0.13	0.04	0.18	-0.03	-0.05	-0.048
Sustainable Growth Rate	3.5%	6.5%	8.7%	9.1%	9.3%	9.9%	9.8%	9.6%	9.2%	7.2%	4.3%	4.4%	4.9%	6.1%	4.2%	—	—	—	—	-0.2%	-0.24%
Internal Growth Rate	0.3%	0.6%	0.8%	0.8%	0.8%	0.9%	0.9%	0.9%	0.9%	0.7%	0.4%	0.4%	0.5%	0.6%	0.4%	—	—	—	—	—	—

Cash Flow Quality

Metric	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	10.60	5.93	4.11	2.58	3.19	2.68	2.39	2.14	1.43	1.12	2.25	2.37	1.88	2.00	2.61	-1.82	-1.68	-1.89	-1.01	3.35	3.355
FCF/OCF	1.00	0.99	0.99	0.99	0.99	0.99	0.99	0.97	0.95	0.91	0.94	0.96	0.96	0.96	0.96	0.95	0.97	0.98	0.98	0.99	0.992
FCF/Net Income	snapshot only																				3.330
OCF/EBITDA	snapshot only																				2.227
CapEx/Revenue	0.7%	0.8%	0.9%	0.8%	0.8%	0.9%	0.9%	1.4%	1.6%	1.8%	1.9%	1.3%	1.2%	1.1%	1.2%	1.4%	0.9%	0.8%	0.5%	0.2%	0.20%
CapEx/Depreciation	snapshot only																				0.150
Accruals Ratio	-0.07	-0.05	-0.04	-0.02	-0.03	-0.02	-0.02	-0.01	-0.01	-0.00	-0.01	-0.01	-0.01	-0.01	-0.01	-0.04	-0.04	-0.05	-0.04	-0.01	-0.012
Sloan Accruals	snapshot only																				0.931
Cash Flow Adequacy	snapshot only																				3.138
Earnings Quality Score	snapshot only																				1.000

Dividends & Buybacks

Metric	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	5.3%	5.6%	5.6%	4.8%	5.8%	5.9%	5.8%	7.7%	8.9%	9.2%	6.7%	7.2%	8.0%	8.0%	7.3%	10.1%	9.9%	9.9%	7.9%	7.7%	4.63%
Dividend/Share	$1.09	$1.11	$1.11	$1.13	$1.14	$1.15	$1.29	$1.40	$1.53	$1.66	$1.63	$1.63	$1.64	$1.65	$1.66	$1.63	$1.65	$1.66	$1.67	$1.72	$1.28
Payout Ratio	52.6%	37.5%	31.0%	30.3%	29.9%	28.7%	29.4%	31.6%	34.1%	41.5%	51.6%	50.9%	48.2%	43.1%	53.1%	—	—	—	—	1.0%	1.04%
FCF Payout Ratio	5.0%	6.4%	7.6%	11.9%	9.4%	10.8%	12.5%	15.2%	25.0%	40.6%	24.3%	22.3%	26.8%	22.4%	21.2%	21.7%	20.1%	16.0%	29.6%	31.4%	31.35%
Total Payout Ratio	80.5%	57.6%	45.3%	44.2%	43.7%	36.0%	30.7%	34.6%	43.1%	58.7%	77.6%	75.4%	67.0%	53.3%	61.2%	—	—	—	—	1.5%	1.54%
Div. Increase Streak	0	1	1	1	0	1	1	1	1	1	1	1	1	0	1	1	1	0	1	1	1
Chowder Number	0.05	0.06	0.06	0.07	0.09	0.09	0.21	0.32	0.42	0.51	0.29	0.20	0.13	0.06	0.09	0.11	0.11	0.11	0.10	0.10	0.097
Buyback Yield	2.8%	3.0%	2.6%	2.2%	2.7%	1.5%	0.3%	0.7%	2.4%	3.8%	3.4%	3.5%	3.1%	1.9%	1.1%	1.0%	0.1%	0.0%	2.1%	3.7%	3.70%
Net Buyback Yield	2.7%	2.9%	2.5%	2.1%	2.6%	1.4%	0.2%	0.6%	2.4%	3.8%	3.4%	3.5%	3.1%	1.9%	1.1%	1.0%	0.1%	-0.1%	1.9%	3.5%	3.53%
Total Shareholder Return	8.0%	8.5%	8.1%	7.0%	8.4%	7.3%	6.0%	8.4%	11.3%	13.0%	10.0%	10.7%	11.1%	9.9%	8.4%	11.1%	10.0%	9.8%	9.9%	11.3%	11.25%

DuPont Factors

Metric	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)	0.82	0.84	0.82	0.82	0.76	0.77	0.76	0.76	0.76	0.70	0.68	0.69	0.71	0.78	0.81	1.15	1.09	1.07	1.08	0.75	0.747
Interest Burden (EBT/EBIT)	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
EBIT Margin	0.18	0.25	0.31	0.32	0.35	0.34	0.35	0.32	0.30	0.27	0.22	0.21	0.21	0.20	0.14	-0.15	-0.18	-0.21	-0.25	0.10	0.105
Asset Turnover	0.05	0.05	0.04	0.04	0.05	0.05	0.05	0.05	0.06	0.06	0.06	0.06	0.06	0.07	0.08	0.07	0.07	0.07	0.07	0.06	0.064
Equity Multiplier	10.10	10.10	11.14	11.14	11.14	11.14	10.76	10.76	10.76	10.76	10.14	10.14	10.14	10.14	10.23	10.23	10.23	10.23	10.98	10.98	10.983

Per Share

Metric	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)	$2.08	$2.95	$3.60	$3.74	$3.81	$3.99	$4.40	$4.45	$4.49	$3.99	$3.15	$3.20	$3.40	$3.82	$3.13	$-4.35	$-5.02	$-5.60	$-5.69	$1.65	$1.65
Book Value/Share	$27.40	$27.52	$29.40	$29.70	$29.69	$29.65	$33.71	$33.71	$34.16	$34.52	$36.29	$36.34	$36.43	$36.53	$32.79	$32.23	$32.58	$32.51	$25.88	$26.55	$26.24
Tangible Book/Share	$17.28	$17.35	$19.87	$20.08	$20.07	$20.04	$25.53	$25.54	$25.88	$26.15	$27.20	$27.24	$27.31	$27.38	$23.94	$23.53	$23.79	$23.74	$25.11	$25.76	$25.76
Revenue/Share	$13.91	$13.80	$13.96	$14.16	$14.45	$15.21	$16.67	$18.12	$19.91	$21.02	$21.08	$22.39	$23.22	$24.36	$27.36	$25.83	$25.35	$24.29	$20.86	$21.08	$21.08
FCF/Share	$21.92	$17.36	$14.69	$9.51	$12.06	$10.56	$10.37	$9.24	$6.12	$4.07	$6.69	$7.30	$6.11	$7.37	$7.83	$7.53	$8.23	$10.38	$5.65	$5.50	$5.50
OCF/Share	$22.01	$17.47	$14.81	$9.63	$12.18	$10.69	$10.52	$9.50	$6.44	$4.46	$7.08	$7.60	$6.39	$7.64	$8.14	$7.90	$8.45	$10.57	$5.75	$5.54	$5.54
Cash/Share	$44.70	$44.90	$69.98	$70.69	$70.65	$70.56	$40.95	$40.96	$41.50	$41.93	$48.12	$48.20	$48.31	$48.44	$49.19	$48.35	$48.87	$48.77	$75.63	$77.59	$68.16
EBITDA/Share	$3.32	$4.25	$5.11	$5.30	$5.73	$5.89	$6.41	$6.43	$6.46	$6.22	$5.21	$5.25	$5.42	$5.52	$4.46	$-3.20	$-4.02	$-4.65	$-4.84	$2.49	$2.49
Debt/Share	$45.41	$45.61	$23.77	$24.01	$24.00	$23.97	$28.63	$28.64	$29.02	$29.32	$27.70	$27.74	$27.81	$27.88	$19.52	$19.19	$19.40	$19.36	$19.77	$20.28	$20.28
Net Debt/Share	$0.70	$0.71	$-46.21	$-46.68	$-46.66	$-46.60	$-12.32	$-12.32	$-12.48	$-12.61	$-20.42	$-20.46	$-20.51	$-20.56	$-29.66	$-29.16	$-29.47	$-29.41	$-55.86	$-57.31	$-57.31

Academic Models

Metric	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-B Score	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	2.475
Altman Z-Prime	snapshot only																				1.780
Piotroski F-Score	7	7	8	8	7	8	7	6	7	6	7	7	7	7	6	4	3	3	4	7	7
Beneish M-Score	-2.63	-2.54	-2.73	-2.58	-2.54	-2.41	-2.12	-2.07	-1.97	-2.05	-2.38	-2.36	-2.50	-2.46	-1.97	-2.92	-2.85	-2.94	-4.53	-3.67	-3.667
Ohlson O-Score	snapshot only																				-5.928
ROIC (Greenblatt)	snapshot only																				2.80%
Net-Net WC	snapshot only																				$-201.53

Credit

Metric	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	53.88	61.54	76.76	71.66	76.01	73.15	69.79	69.73	56.50	54.44	53.62	54.25	53.15	58.49	65.19	37.51	37.50	39.43	39.35	58.98	58.981
Credit Grade	snapshot only																				9
Credit Trend	snapshot only																				21.469
Implied Spread (bps)	snapshot only																				275.000
Industry Credit Rank	snapshot only																				42
Sector Credit Rank	snapshot only																				47

MSBI 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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