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NXST NASDAQ

Nexstar Media Group, Inc.
1W: -4.1% 1M: -12.3% 3M: -15.0% YTD: -25.0% 1Y: -20.0% 3Y: +21.9% 5Y: +12.9%
$155.42
-3.19 (-2.01%)
 
Weekly Expected Move ±5.2%
$139 $147 $155 $164 $172
NASDAQ · Communication Services · Broadcasting · Tech Score Strong Sell · Power 38 · $4.7B mcap · 28M float · 1.37% daily turnover · Short 52% 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.

NARROW EDGE
60.8 / 100
NoneWeakNarrowWide
Primary source: Efficient Scale  ·  ROIC: 5.9%  ·  5Y Avg: 6.8%
Cost Advantage
60
Intangibles
47
Switching Cost
70
Network Effect
45
Scale ★
85
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. NXST has a Narrow competitive edge (60.8/100) — meaningful but not impregnable advantages over competitors. The primary source of advantage is Efficient Scale. ROIC of 5.9% 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
$240
Low
$240
Avg Target
$240
High
Based on 1 analyst since Aug 6, 2026 earnings
Analyst Recommendations
Strong Buy: 0Buy: 22Hold: 2Sell: 0Strong Sell: 0
Rating Summary
ConsensusBuy
Avg Target$240.00
Analysts1
Price Target Change History
DateFirmAnalystOldNewChangeUpside @ CallStock@Call
2026-08-10 Deutsche Bank Benjamin Soff $250 $240 -10 +26.2% $190.13
2026-02-10 Deutsche Bank Benjamin Soff $207 $250 +43 +4.7% $238.85
2025-02-28 Loop Capital Markets — Initiated $200 — +18.2% $169.15
2024-10-04 Guggenheim Curry Baker Initiated $198 — +21.7% $162.64
2024-08-26 Citigroup Jason Bazinet $158 $186 +28 +9.0% $170.61
2024-05-17 Deutsche Bank Bryan Kraft $225 $207 -18 +20.9% $171.20
2024-05-13 Wells Fargo Steven Cahalll Initiated $221 — +26.6% $174.51
2024-03-13 Rosenblatt Securities Barton Crockett $230 $213 -17 +25.8% $169.35
2023-12-20 Citigroup Jason Bazinet Initiated $158 — -1.0% $159.54
2023-11-17 Rosenblatt Securities Barton Crockett $246 $230 -16 +52.9% $150.44
2022-11-13 Barrington Barrington Barrington Initiated $200 — +18.9% $168.23
2022-09-14 Rosenblatt Securities Barton Crockett $181 $246 +65 +28.6% $191.22
2022-05-16 Rosenblatt Securities — $180 $181 +1 +5.2% $172.12
2022-05-12 Deutsche Bank — Initiated $225 — +38.1% $162.95
2022-04-19 Rosenblatt Securities — Initiated $180 — +4.5% $172.28

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
3
ROE
3
ROA
4
D/E
1
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. NXST receives an overall rating of B-. Strongest factors: ROA (4/5). Areas of concern: D/E (1/5), P/E (1/5), P/B (2/5).
Rating Change History
DateFromTo
2026-10-01 C+ B-
2026-02-27 B+ C+
2025-12-30 A- 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.

★ ★ ★ ★ ★ 33 Grade D
Profitability
38
Balance Sheet
15
Earnings Quality
68
Growth
41
Value
50
Momentum
70
Safety
15
Cash Flow
46
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. NXST scores highest in Momentum (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
1.08
Distress Zone
Piotroski F-Score
5/9
✓ ✓ ✗ ✓ ✗ ✗ ✗ ✓ ✓
Beneish M-Score
-1.58
Possible Manipulator
Ohlson O-Score
-5.51
Bankruptcy prob: 0.4%
Low Risk
Credit Rating
B
Score: 28.1/100
Trend: Deteriorating
Earnings Quality
100/100
OCF/NI: 4.76x
Accruals: -4.9%
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. NXST scores 1.08, 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. NXST scores 5/9, 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. NXST's score of -1.58 exceeds the −1.78 red flag threshold — this does not confirm manipulation but indicates the earnings profile resembles past manipulators statistically. 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. NXST's implied 0.4% 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. NXST receives an estimated rating of B (score: 28.1/100), with a deteriorating trend. The Earnings Quality score measures how well reported earnings are backed by real cash. It evaluates the operating cash flow to net income ratio (OCF/NI ≥ 1.0 means every dollar of earnings is cash-backed) and the accruals ratio (the gap between earnings and cash flow relative to assets — lower is better). NXST'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
27.56x
PEG
-0.38x
P/S
0.68x
P/B
2.10x
P/FCF
7.43x
P/OCF
6.17x
EV/EBITDA
9.59x
EV/Revenue
2.50x
EV/EBIT
24.59x
EV/FCF
23.40x
Earnings Yield
3.41%
FCF Yield
13.46%
Shareholder Yield
4.33%
Graham Number
$100.15
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 27.6x earnings, NXST commands a growth premium. Graham's intrinsic value formula yields $100.15 per share, 55% 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
0.887
NI / EBT
×
Interest Burden
0.300
EBT / EBIT
×
EBIT Margin
0.102
EBIT / Rev
×
Asset Turnover
0.479
Rev / Assets
×
Equity Multiplier
6.424
Assets / Equity
=
ROE
8.3%
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. NXST's ROE of 8.3% is driven by financial leverage (equity multiplier: 6.42x). 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.

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
$51.70
Price/Value
3.45x
Margin of Safety
-245.42%
Premium
245.42%
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 NXST's realized 0.0% 3-year EPS CAGR, capped at 15% — demonstrated performance rather than forecasts, held to a rate companies have historically sustained. NXST trades at a 245% premium to its adjusted intrinsic value of $51.70, 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 27.6x.

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
$155.42
Median 1Y
$155.19
5th Pctile
$74.48
95th Pctile
$322.66
Ann. Volatility
43.4%
Analyst Target
$240.00
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

ExecutiveSalaryStockTotal
Perry A. Sook
President, Chief Executive Officer and Director
$1,000,000 $— $11,382,327
Thomas E. Carter
Chief Financial Officer and Executive Vice President
$413,692 $— $924,971
Brian Jones President,
Vice President, Co-Chief Operating Officer
$375,423 $— $736,225
Timothy C. Busch
Executive Vice President, Co-Chief Operating Officer
$375,423 $— $730,629
Marc Montoya President,
e President, eMedia
$201,135 $— $418,086

CEO Pay Ratio

163:1
CEO-to-Employee Pay Ratio
CEO Total Comp: $11,382,327
Avg Employee Cost (SGA/emp): $69,700
Employees: 11,693

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
11,693
-0.7% YoY
Revenue / Employee
$423,245
Rev: $4,949,000,000
Profit / Employee
$9,322
NI: $109,000,000
SGA / Employee
$69,700
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 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 38.5% 31.1% 32.3% 33.3% 37.2% 34.7% 30.0% 25.8% 16.6% 13.7% 16.6% 18.0% 26.1% 31.7% 28.7% 28.0% 23.0% 5.0% 7.5% 8.3% 8.32%
ROA 7.0% 6.3% 6.7% 7.0% 7.8% 7.5% 6.5% 5.5% 3.5% 2.8% 3.4% 3.6% 5.0% 6.1% 5.6% 5.5% 4.5% 1.0% 1.1% 1.3% 1.29%
ROIC 10.2% 8.8% 9.6% 10.0% 10.8% 10.7% 9.7% 8.3% 5.9% 5.1% 6.1% 6.6% 8.9% 10.1% 9.7% 9.9% 8.1% 5.5% 5.7% 5.9% 5.93%
ROCE 12.3% 11.0% 11.5% 11.9% 13.2% 13.2% 12.2% 11.0% 8.3% 7.6% 8.6% 9.0% 11.3% 13.1% 12.2% 12.0% 10.4% 5.1% 3.4% 4.3% 4.30%
Gross Margin 58.5% 62.2% 59.5% 59.7% 59.7% 66.2% 57.2% 56.7% 52.6% 58.6% 57.3% 56.5% 58.8% 62.5% 55.3% 54.7% 37.2% 41.2% 47.6% 64.7% 64.71%
Operating Margin 24.0% 26.1% 27.2% 26.8% 28.1% 19.8% 16.2% 14.4% 8.3% 17.7% 21.4% 18.9% 24.5% 28.0% 17.8% 17.3% 14.6% 19.9% 19.0% 11.8% 11.75%
Net Margin 14.7% 21.2% 20.8% 18.2% 22.8% 13.7% 8.8% 7.7% 2.2% 8.7% 13.6% 9.3% 13.7% 16.3% 8.8% 7.9% 5.8% -12.9% 11.7% 3.9% 3.90%
EBITDA Margin 39.1% 44.2% 42.8% 41.5% 47.4% 39.0% 38.7% 39.0% 30.7% 36.2% 41.4% 37.0% 40.0% 44.5% 35.7% 34.5% 62.8% 5.4% 33.4% 17.0% 17.05%
FCF Margin 23.2% 22.9% 24.0% 26.4% 27.6% 23.9% 23.1% 21.0% 16.9% 17.2% 12.6% 12.4% 16.8% 20.4% 21.9% 23.6% 19.1% 15.0% 13.8% 10.7% 10.67%
OCF Margin 26.3% 26.1% 27.1% 29.4% 30.5% 26.9% 26.2% 24.2% 20.2% 20.3% 15.7% 15.5% 19.5% 23.1% 24.5% 26.0% 21.6% 18.0% 16.5% 12.8% 12.84%
ROE 3Y Avg snapshot only 18.49%
ROE 5Y Avg snapshot only 22.95%
ROA 3Y Avg snapshot only 3.44%
ROIC 3Y Avg snapshot only 5.15%
ROIC Economic snapshot only 5.90%
Cash ROA snapshot only 5.05%
Cash ROIC snapshot only 6.33%
CROIC snapshot only 5.26%
NOPAT Margin snapshot only 12.04%
Pretax Margin snapshot only 3.04%
R&D / Revenue snapshot only 0.00%
SGA / Revenue snapshot only 13.43%
SBC / Revenue snapshot only 0.85%
Valuation
Metric Trend 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 6.15 6.74 7.84 6.44 5.67 6.16 6.99 7.83 10.63 14.28 13.31 12.02 8.58 6.60 8.22 8.23 11.63 56.49 34.16 29.36 27.557
P/S Ratio 1.20 1.21 1.46 1.21 1.18 1.15 1.10 1.04 0.90 1.00 1.10 1.04 0.98 0.88 1.01 0.98 1.17 1.24 1.10 0.79 0.682
P/B Ratio 2.19 1.97 2.38 2.05 2.00 2.18 2.21 2.15 1.98 2.15 2.35 2.29 2.30 2.11 2.40 2.31 2.63 2.98 2.60 2.44 2.101
P/FCF 5.19 5.29 6.11 4.59 4.26 4.80 4.78 4.97 5.35 5.81 8.74 8.39 5.82 4.31 4.58 4.16 6.12 8.29 7.96 7.43 7.429
P/OCF 4.57 4.63 5.40 4.12 3.85 4.26 4.21 4.30 4.47 4.95 6.98 6.73 4.99 3.81 4.11 3.77 5.41 6.91 6.69 6.17 6.174
EV/EBITDA 6.19 6.56 6.94 6.32 5.82 5.76 5.66 5.61 6.01 6.67 6.58 6.52 5.77 5.17 5.63 5.48 5.46 7.55 10.23 9.59 9.590
EV/Revenue 2.75 2.77 2.94 2.65 2.56 2.45 2.35 2.30 2.23 2.42 2.43 2.38 2.23 2.12 2.23 2.14 2.42 2.57 3.43 2.50 2.497
EV/EBIT 8.51 9.37 9.82 8.87 7.93 8.22 8.71 9.54 12.19 14.08 12.68 11.96 9.53 8.16 9.21 9.02 11.38 24.08 30.89 24.59 24.592
EV/FCF 11.88 12.12 12.24 10.05 9.28 10.26 10.19 10.96 13.17 14.03 19.34 19.18 13.32 10.35 10.15 9.06 12.65 17.14 24.74 23.40 23.401
Earnings Yield 16.3% 14.8% 12.7% 15.5% 17.6% 16.2% 14.3% 12.8% 9.4% 7.0% 7.5% 8.3% 11.7% 15.1% 12.2% 12.2% 8.6% 1.8% 2.9% 3.4% 3.41%
FCF Yield 19.3% 18.9% 16.4% 21.8% 23.5% 20.8% 20.9% 20.1% 18.7% 17.2% 11.4% 11.9% 17.2% 23.2% 21.8% 24.0% 16.4% 12.1% 12.6% 13.5% 13.46%
EV/OCF snapshot only 19.448
EV/Gross Profit snapshot only 4.784
Acquirers Multiple snapshot only 16.434
Shareholder Yield snapshot only 4.33%
Graham Number snapshot only $100.15
Leverage & Solvency
Metric Trend 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 1.84 1.79 2.02 1.95 1.82 1.81 1.97 1.88 1.57 1.53 1.80 1.78 1.68 1.66 1.74 1.69 1.87 2.07 1.76 1.56 1.562
Quick Ratio 1.84 1.79 2.02 1.95 1.82 1.81 1.97 1.88 1.57 1.53 1.80 1.78 1.68 1.66 1.74 1.69 1.87 2.07 1.76 1.56 1.562
Debt/Equity 2.90 2.62 2.51 2.54 2.47 2.55 2.66 2.73 2.96 3.10 2.95 3.01 3.04 3.02 3.02 2.83 2.91 3.32 5.65 5.34 5.336
Net Debt/Equity 2.82 2.55 2.39 2.44 2.35 2.48 2.50 2.59 2.90 3.04 2.85 2.95 2.96 2.95 2.91 2.73 2.81 3.19 5.48 5.24 5.239
Debt/Assets 0.57 0.56 0.56 0.56 0.55 0.55 0.56 0.56 0.57 0.59 0.57 0.58 0.58 0.59 0.59 0.56 0.59 0.62 0.68 0.68 0.682
Debt/EBITDA 3.57 3.80 3.64 3.57 3.30 3.16 3.19 3.23 3.65 3.99 3.74 3.75 3.34 3.08 3.21 3.08 2.93 4.07 7.16 6.67 6.666
Net Debt/EBITDA 3.48 3.70 3.48 3.43 3.14 3.07 3.00 3.07 3.57 3.91 3.61 3.67 3.25 3.02 3.09 2.97 2.82 3.90 6.94 6.55 6.546
Interest Coverage 5.38 4.87 5.07 5.08 5.27 4.61 3.78 3.09 2.15 1.90 2.10 2.18 2.69 3.16 3.03 3.07 2.79 1.40 1.41 1.43 1.428
Equity Multiplier 5.07 4.65 4.49 4.50 4.48 4.63 4.75 4.84 5.17 5.25 5.15 5.21 5.27 5.08 5.08 5.02 4.92 5.32 8.35 7.82 7.821
Cash Ratio snapshot only 0.170
Debt Service Coverage snapshot only 3.663
Cash to Debt snapshot only 0.018
FCF to Debt snapshot only 0.061
Defensive Interval snapshot only 255.3 days
Efficiency & Turnover
Metric Trend 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 0.36 0.35 0.36 0.37 0.38 0.40 0.41 0.42 0.41 0.40 0.41 0.41 0.44 0.46 0.46 0.46 0.45 0.44 0.35 0.48 0.479
Inventory Turnover — — — — — — — — — — — — — — — — — — — — —
Receivables Turnover 5.61 4.83 4.90 5.26 5.20 4.96 5.19 5.54 5.45 4.54 4.82 5.01 5.48 5.09 5.15 5.14 5.07 4.71 3.80 5.34 5.344
Payables Turnover 10.51 7.98 8.68 12.47 11.19 8.99 9.60 14.02 13.72 9.94 13.43 16.75 16.08 12.07 19.51 13.80 20.84 19.68 17.88 18.91 18.915
DSO 65 76 74 69 70 74 70 66 67 80 76 73 67 72 71 71 72 78 96 68 68.3 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 35 46 42 29 33 41 38 26 27 37 27 22 23 30 19 26 18 19 20 19 19.3 days
Cash Conversion Cycle 30 30 32 40 38 33 32 40 40 44 49 51 44 41 52 45 54 59 76 49 49.0 days
Fixed Asset Turnover snapshot only 3.766
Cash Velocity snapshot only 31.940
Capital Intensity snapshot only 2.544
Growth (YoY)
Metric Trend 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 13.1% 3.3% 4.9% 2.5% 4.0% 12.1% 10.8% 8.1% 2.9% -5.3% -5.7% -5.0% 2.1% 9.6% 8.0% 6.6% -1.4% -8.4% -4.6% 31.0% 30.98%
Net Income 66.8% 2.9% 3.5% -4.5% 10.4% 16.4% -6.3% -23.4% -57.8% -64.4% -50.6% -38.2% 36.5% 1.1% 59.8% 46.8% -13.0% -84.9% -74.8% -70.3% -70.35%
EPS 79.3% 10.1% 11.9% 3.6% 21.3% 29.6% 5.1% -13.7% -52.8% -60.1% -45.7% -32.6% 48.8% 1.3% 75.8% 59.0% -8.0% -84.3% -75.0% -70.5% -70.53%
FCF 53.3% 2.6% 3.6% 32.9% 24.0% 17.1% 6.7% -14.0% -37.0% -31.8% -48.6% -43.8% 1.2% 30.0% 88.3% 1.0% 12.3% -32.8% -39.7% -40.7% -40.75%
EBITDA 22.6% -2.0% -0.3% -4.8% 3.1% 12.9% 8.9% 5.5% -13.3% -19.4% -16.1% -15.3% 6.6% 23.6% 15.5% 13.8% 12.7% -23.7% -19.2% -12.5% -12.50%
Op. Income 25.4% -14.5% -10.0% -12.6% -2.7% 11.7% -2.6% -18.4% -42.6% -46.1% -34.4% -18.7% 40.2% 79.0% 55.6% 41.1% -5.2% -31.8% -25.0% -10.7% -10.72%
OCF Growth snapshot only -35.31%
Asset Growth snapshot only 56.38%
Equity Growth snapshot only 0.40%
Debt Growth snapshot only 89.33%
Shares Change snapshot only 0.62%
Dividend Growth snapshot only 2.10%
Growth (CAGR)
Metric Trend 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 22.1% 18.9% 19.5% 20.6% 22.0% 19.7% 14.5% 11.7% 6.6% 3.1% 3.1% 1.7% 3.0% 5.2% 4.1% 3.0% 1.2% -1.7% -0.9% 9.9% 9.85%
Revenue 5Y 35.5% 33.3% 27.9% 22.6% 18.9% 16.5% 16.0% 15.6% 14.3% 12.3% 12.3% 12.5% 13.8% 12.2% 8.9% 7.1% 4.0% 1.9% 2.5% 8.0% 7.99%
EPS 3Y 18.3% 33.6% 36.5% 41.7% 64.5% 71.7% 47.0% 35.3% 0.9% -17.1% -13.8% -15.5% -5.2% 5.5% 0.1% -2.6% -13.6% -47.9% -38.0% -31.9% -31.90%
EPS 5Y 47.3% 46.7% 66.1% 62.4% 60.3% 20.4% 15.4% 10.1% -1.1% 4.3% 7.8% 10.6% 25.6% 35.6% 24.9% 21.6% 7.0% -27.3% -22.4% -22.3% -22.34%
Net Income 3Y 15.0% 28.9% 30.7% 34.3% 56.3% 61.6% 35.7% 24.3% -8.1% -24.7% -21.7% -23.3% -14.0% -4.7% -9.6% -11.4% -20.6% -51.8% -41.6% -35.5% -35.46%
Net Income 5Y 56.9% 55.6% 63.5% 57.1% 54.6% 15.4% 9.9% 4.5% -6.7% -2.3% 0.7% 2.8% 17.1% 25.7% 14.5% 11.7% -1.6% -33.1% -28.0% -27.8% -27.77%
EBITDA 3Y 34.1% 24.1% 24.1% 25.2% 29.8% 26.8% 17.5% 13.3% 3.1% -3.7% -3.1% -5.2% -1.6% 4.0% 1.8% 0.5% 1.3% -8.7% -7.8% -5.5% -5.54%
EBITDA 5Y 41.6% 38.0% 34.7% 29.3% 27.3% 24.4% 23.0% 21.5% 16.6% 11.7% 11.8% 11.9% 15.1% 15.3% 9.5% 7.0% 5.6% -3.4% -3.2% -3.3% -3.27%
Gross Profit 3Y 25.1% 19.1% 19.9% 21.7% 24.4% 23.6% 16.9% 13.7% 6.2% 0.0% -0.0% -1.8% 0.8% 4.6% 3.3% 1.9% -3.1% -10.1% -10.3% 4.7% 4.72%
Gross Profit 5Y 35.3% 32.0% 27.3% 22.8% 19.6% 18.1% 17.7% 17.0% 14.8% 11.0% 11.1% 11.7% 14.2% 13.4% 9.3% 7.5% 1.8% -3.5% -3.7% 4.1% 4.12%
Op. Income 3Y 30.2% 15.8% 16.7% 19.4% 26.0% 26.1% 12.6% 5.5% -11.2% -19.9% -16.9% -16.6% -7.8% 2.5% -0.2% -2.2% -8.6% -13.0% -8.5% 0.8% 0.80%
Op. Income 5Y 39.4% 32.5% 29.1% 25.0% 23.4% 20.4% 17.7% 12.9% 4.3% -1.3% 0.3% 2.5% 10.0% 14.1% 7.8% 6.1% -1.4% -8.9% -7.7% -6.1% -6.07%
FCF 3Y 35.4% 19.8% 27.0% 36.6% 50.8% 78.2% 36.3% 18.8% 6.2% -6.4% -17.2% -13.7% -7.5% 1.3% 1.1% -0.7% -10.5% -15.8% -16.4% -12.3% -12.30%
FCF 5Y 40.8% 35.9% 55.9% 42.5% 71.4% 1.0% 36.4% 36.3% 14.2% 6.6% 2.3% 4.3% 16.9% 38.1% 19.7% 13.8% 6.4% -6.5% -8.4% -5.1% -5.08%
OCF 3Y 33.1% 18.8% 24.3% 30.4% 40.0% 49.8% 24.9% 12.3% 1.9% -7.3% -15.3% -12.0% -6.7% 1.0% 0.7% -1.1% -9.9% -14.0% -15.1% -11.1% -11.11%
OCF 5Y 40.1% 36.0% 51.4% 40.3% 59.3% 66.7% 32.6% 32.2% 14.2% 6.6% 3.1% 3.7% 13.0% 24.5% 13.1% 9.0% 2.6% -6.6% -8.1% -4.6% -4.62%
Assets 3Y 23.1% 23.4% 22.6% 22.5% -2.4% -3.2% -2.8% -3.1% -3.2% -3.4% -3.6% -3.8% -4.2% -4.7% -4.5% -4.3% -4.9% -4.7% 13.2% 12.9% 12.90%
Assets 5Y 35.4% 34.9% 11.7% 11.6% 11.8% 11.1% 10.8% 11.6% 11.1% 11.3% 11.0% 10.9% -3.7% -3.9% -3.4% -3.5% -3.3% -3.9% 6.3% 5.9% 5.92%
Equity 3Y 14.9% 15.4% 15.6% 13.9% 14.9% 10.5% 7.8% 5.3% 1.4% -3.0% -3.4% -4.6% -5.4% -7.5% -8.3% -7.7% -7.9% -9.0% -6.2% -3.8% -3.79%
Book Value 3Y 18.2% 19.6% 20.7% 20.1% 20.9% 17.4% 16.8% 14.6% 11.3% 6.8% 6.4% 5.0% 4.3% 2.4% 1.5% 1.5% 0.2% -1.6% -0.2% 1.5% 1.53%
Dividend 3Y 8.6% 9.2% 10.3% 11.7% 11.8% 12.9% 16.4% 18.0% 20.0% 21.6% 19.5% 17.9% 16.9% 15.9% 14.5% 12.6% 10.2% 9.3% 7.3% 6.5% 6.47%
Growth Quality
Metric Trend 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 0.96 0.96 0.98 0.96 0.93 0.93 0.97 0.95 0.90 0.82 0.82 0.76 0.80 0.83 0.82 0.80 0.80 0.37 0.51 0.60 0.601
Earnings Stability 0.71 0.65 0.72 0.70 0.76 0.64 0.58 0.36 0.10 0.12 0.10 0.06 0.06 0.05 0.00 0.01 0.16 0.52 0.71 0.82 0.821
Margin Stability 0.96 0.95 0.97 0.97 0.97 0.96 0.96 0.96 0.97 0.96 0.97 0.96 0.97 0.96 0.97 0.97 0.95 0.89 0.88 0.93 0.931
Rev. Growth Consistency 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 0.00 0.00 0.00 1.00 0.50 0.50 0.50 0.00 0.00 0.00 1.00 1.000
Earn. Growth Consistency 1.00 1.00 1.00 0.00 1.00 1.00 0.00 0.00 0.00 0.00 0.00 0.00 0.50 0.50 0.50 0.50 0.00 0.00 0.00 0.00 0.000
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 0.50 0.99 0.99 0.98 0.96 0.93 0.97 0.91 0.50 0.50 0.50 0.85 0.85 0.50 0.50 0.81 0.95 0.50 0.50 0.50 0.500
Earnings Smoothness 0.50 0.97 0.97 0.95 0.90 0.85 0.94 0.74 0.19 0.05 0.32 0.53 0.69 0.30 0.54 0.62 0.86 0.00 0.00 0.00 0.000
ROE Trend 0.16 0.08 0.06 0.05 0.05 0.05 -0.00 -0.07 -0.17 -0.17 -0.13 -0.11 -0.00 0.07 0.04 0.05 -0.00 -0.18 -0.16 -0.15 -0.153
Gross Margin Trend 0.04 0.01 0.00 0.00 -0.00 0.01 0.00 -0.01 -0.02 -0.04 -0.04 -0.04 -0.02 -0.00 -0.00 -0.00 -0.05 -0.11 -0.12 -0.05 -0.050
FCF Margin Trend 0.07 0.08 0.05 0.07 0.07 0.01 -0.01 -0.02 -0.08 -0.06 -0.11 -0.11 -0.06 -0.00 0.04 0.07 0.02 -0.04 -0.03 -0.07 -0.073
Sustainable Growth Rate 33.8% 26.7% 27.7% 28.5% 32.3% 29.7% 24.4% 19.7% 9.8% 6.2% 8.6% 9.4% 16.7% 22.1% 19.1% 18.3% 13.1% -5.4% -2.7% -1.7% -1.68%
Internal Growth Rate 6.6% 5.7% 6.1% 6.3% 7.3% 6.8% 5.6% 4.4% 2.1% 1.3% 1.8% 1.9% 3.3% 4.5% 3.9% 3.7% 2.6% — — — —
Cash Flow Quality
Metric Trend 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 1.35 1.46 1.45 1.56 1.47 1.44 1.66 1.82 2.38 2.89 1.90 1.79 1.72 1.73 2.00 2.18 2.15 8.17 5.11 4.76 4.755
FCF/OCF 0.88 0.88 0.89 0.90 0.90 0.89 0.88 0.87 0.84 0.85 0.80 0.80 0.86 0.88 0.90 0.91 0.88 0.83 0.84 0.83 0.831
FCF/Net Income snapshot only 3.952
OCF/EBITDA snapshot only 0.493
CapEx/Revenue 3.2% 3.2% 3.1% 3.0% 2.9% 3.0% 3.1% 3.3% 3.3% 3.0% 3.2% 3.1% 2.8% 2.7% 2.5% 2.4% 2.5% 3.0% 2.6% 2.2% 2.17%
CapEx/Depreciation snapshot only 0.137
Accruals Ratio -0.02 -0.03 -0.03 -0.04 -0.04 -0.03 -0.04 -0.05 -0.05 -0.05 -0.03 -0.03 -0.04 -0.04 -0.06 -0.06 -0.05 -0.07 -0.05 -0.05 -0.049
Sloan Accruals snapshot only -0.066
Cash Flow Adequacy snapshot only 2.371
Earnings Quality Score snapshot only 1.000
Dividends & Buybacks
Metric Trend 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% 2.1% 1.8% 2.2% 2.3% 2.4% 2.7% 3.0% 3.9% 3.9% 3.6% 3.9% 4.2% 4.6% 4.1% 4.2% 3.7% 3.7% 4.0% 4.1% 4.79%
Dividend/Share $2.63 $2.77 $2.97 $3.20 $3.46 $3.70 $4.14 $4.60 $5.06 $5.58 $5.82 $6.16 $6.57 $6.96 $7.08 $7.16 $7.20 $7.45 $7.22 $7.31 $7.44
Payout Ratio 12.2% 14.2% 14.1% 14.4% 13.2% 14.6% 18.7% 23.9% 41.1% 55.2% 48.3% 47.5% 35.9% 30.3% 33.4% 34.7% 42.7% 2.1% 1.4% 1.2% 1.20%
FCF Payout Ratio 10.3% 11.1% 11.0% 10.2% 10.0% 11.4% 12.8% 15.1% 20.7% 22.5% 31.7% 33.1% 24.3% 19.8% 18.6% 17.5% 22.5% 30.4% 31.8% 30.4% 30.42%
Total Payout Ratio 64.4% 78.5% 78.9% 89.3% 86.4% 1.1% 1.3% 1.4% 2.2% 2.3% 1.8% 1.7% 1.2% 1.1% 1.2% 1.1% 1.0% 3.2% 1.7% 1.3% 1.27%
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 0.20 0.19 0.20 0.21 0.22 0.22 0.27 0.30 0.35 0.38 0.31 0.27 0.23 0.19 0.15 0.12 0.07 0.07 0.07 0.07 0.068
Buyback Yield 8.5% 9.5% 8.3% 11.6% 12.9% 14.7% 15.5% 14.4% 16.6% 12.2% 9.9% 10.3% 10.2% 12.6% 10.5% 9.2% 5.0% 1.9% 1.1% 0.2% 0.24%
Net Buyback Yield 8.5% 9.5% 8.3% 11.6% 12.9% 14.7% 15.5% 14.4% 16.6% 12.2% 9.9% 10.3% 10.2% 12.6% 10.5% 9.2% 5.0% 1.9% 1.1% 0.2% 0.24%
Total Shareholder Return 10.5% 11.6% 10.1% 13.9% 15.2% 17.1% 18.1% 17.5% 20.5% 16.1% 13.5% 14.3% 14.4% 17.2% 14.6% 13.4% 8.6% 5.6% 5.1% 4.3% 4.33%
DuPont Factors
Metric Trend 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) 0.74 0.76 0.78 0.78 0.79 0.80 0.80 0.82 0.87 0.86 0.82 0.80 0.77 0.75 0.75 0.75 0.74 0.73 1.00 0.89 0.887
Interest Burden (EBT/EBIT) 0.81 0.79 0.80 0.80 0.81 0.78 0.74 0.68 0.53 0.47 0.52 0.54 0.63 0.68 0.67 0.67 0.64 0.28 0.29 0.30 0.300
EBIT Margin 0.32 0.30 0.30 0.30 0.32 0.30 0.27 0.24 0.18 0.17 0.19 0.20 0.23 0.26 0.24 0.24 0.21 0.11 0.11 0.10 0.102
Asset Turnover 0.36 0.35 0.36 0.37 0.38 0.40 0.41 0.42 0.41 0.40 0.41 0.41 0.44 0.46 0.46 0.46 0.45 0.44 0.35 0.48 0.479
Equity Multiplier 5.48 4.97 4.82 4.78 4.76 4.64 4.61 4.66 4.78 4.91 4.94 5.02 5.22 5.17 5.11 5.12 5.09 5.20 6.69 6.42 6.424
Per Share
Metric Trend 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) $21.50 $19.56 $21.09 $22.31 $26.09 $25.35 $22.17 $19.26 $12.31 $10.10 $12.05 $12.98 $18.31 $22.96 $21.18 $20.64 $16.84 $3.59 $5.29 $6.08 $6.08
Book Value/Share $60.23 $66.79 $69.42 $70.16 $73.97 $71.53 $70.07 $70.03 $65.94 $67.14 $68.22 $68.10 $68.40 $71.77 $72.65 $73.44 $74.47 $68.06 $69.56 $73.28 $73.20
Tangible Book/Share $-141.10 $-136.58 $-135.46 $-138.39 $-140.20 $-145.20 $-149.75 $-154.62 $-163.26 $-166.45 $-164.77 $-167.93 $-171.63 $-173.01 $-174.73 $-174.09 $-170.90 $-177.47 $-351.99 $-348.36 $-348.36
Revenue/Share $109.93 $108.92 $112.96 $118.77 $125.63 $135.98 $140.40 $144.65 $144.65 $144.05 $145.78 $149.88 $161.00 $171.90 $173.18 $173.05 $167.71 $163.23 $164.02 $225.28 $227.44
FCF/Share $25.45 $24.93 $27.09 $31.33 $34.69 $32.51 $32.41 $30.34 $24.45 $24.82 $18.34 $18.60 $26.97 $35.14 $37.99 $40.82 $32.02 $24.50 $22.72 $24.04 $24.27
OCF/Share $28.94 $28.47 $30.61 $34.92 $38.38 $36.61 $36.80 $35.06 $29.26 $29.17 $22.95 $23.19 $31.47 $39.75 $42.39 $44.99 $36.23 $29.38 $27.05 $28.92 $29.20
Cash/Share $4.46 $4.47 $7.77 $6.76 $8.76 $5.32 $11.03 $9.53 $4.24 $4.29 $6.97 $4.39 $5.58 $4.58 $8.18 $7.62 $7.69 $9.23 $12.16 $7.05 $7.12
EBITDA/Share $48.83 $46.03 $47.79 $49.84 $55.31 $57.86 $58.35 $59.24 $53.61 $52.21 $53.90 $54.71 $62.30 $70.27 $68.48 $67.45 $74.18 $55.60 $54.93 $58.66 $58.66
Debt/Share $174.56 $174.76 $173.90 $177.93 $182.60 $182.70 $186.20 $191.22 $195.49 $208.21 $201.42 $204.97 $207.79 $216.64 $219.55 $207.79 $217.03 $226.14 $393.25 $391.00 $391.00
Net Debt/Share $170.10 $170.28 $166.14 $171.18 $173.84 $177.37 $175.18 $181.69 $191.25 $203.92 $194.45 $200.59 $202.21 $212.06 $211.37 $200.17 $209.34 $216.91 $381.09 $383.95 $383.95
Academic Models
Metric Trend 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 — — — — — — — — — — — — — — — — — — — — 1.080
Altman Z-Prime snapshot only 1.590
Piotroski F-Score 7 8 8 7 8 9 5 5 5 4 5 4 8 8 6 7 6 5 4 5 5
Beneish M-Score -2.42 -2.45 -2.53 -2.62 -2.60 -2.62 -2.70 -2.69 -2.78 -2.66 -2.60 -2.53 -2.56 -2.74 -2.76 -2.81 -2.45 -2.49 -1.77 -1.58 -1.581
Ohlson O-Score snapshot only -5.515
Net-Net WC snapshot only $-435.78
EVA snapshot only $-574784905.66
Credit
Metric Trend 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 B
Credit Score 49.78 47.02 54.45 53.74 53.98 51.76 51.46 52.10 48.00 44.95 46.75 46.69 47.32 51.33 50.47 49.99 48.07 40.61 28.74 28.14 28.136
Credit Grade snapshot only 15
Credit Trend snapshot only -21.851
Implied Spread (bps) snapshot only 750.000
Industry Credit Rank snapshot only 31
Sector Credit Rank snapshot only 17

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