$46.56

+0.56 (+1.22%)

After Hours: $46.31 (-0.25, -0.53%)

Weekly Expected Move ±1.3%

$45 $45 $46 $47 $47

NASDAQ · Financial Services · Banks - Regional · Tech Score Buy · Power 58 · $186.2M mcap · 3M float · 0.428% daily turnover · Short 15% of daily vol

Credit Risk of going bust: not rated, financial company (lending is its business) Bonds: none of note held by US funds details ▾

Not rated: lending and leverage are a financial company's business, which the model misreads.
US fund filings (SEC N-PORT) show under $25M of this company's bonds, so there is no bond page. Its debt may be bank loans or privately placed. How these are computed.

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

Dividends Analysis Technicals Weather Peers ESG Institutions Dark Pool Short Interest Supply Chain

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

38.3 / 100

NoneWeakNarrowWide

Primary source: Efficient Scale · ROIC: 5.7% · 5Y Avg: 11.3%

Cost Advantage

Intangibles

Switching Cost

Network Effect

Scale ★

The Edge Score quantifies a company's competitive moat using five pillars: Cost Advantage (20%, operating margin and SG&A efficiency vs industry peers), Intangible Assets (25%, gross margin premium, R&D intensity, brand pricing power), Switching Costs (25%, revenue stability, earnings consistency, customer retention proxied by operating leverage), Network Effects (15%, revenue growth with expanding margins, market share dominance), and Efficient Scale (15%, market concentration, ROIC sustainability). Each pillar is scored 0–100 using industry percentile rankings, then weighted into a composite. Wide ≥ 70, Narrow ≥ 55, Weak ≥ 40, None < 40. QNBC has No discernible competitive edge (38.3/100). The business operates without significant structural advantages. The primary source of advantage is Efficient Scale. ROIC of 5.7% suggests modest returns relative to capital deployed.

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.

Oct 27, 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. QNBC receives an overall rating of B. Strongest factors: DCF (4/5). Areas of concern: ROE (2/5), ROA (2/5), P/E (2/5).

Rating Change History

Date	From	To
2026-10-22	B+	B
2026-10-01	B-	B+
2026-08-20	B	B-
2026-08-13	B-	B
2026-08-03	B	B-
2026-07-16	B+	B
2026-06-02	None	ADDED
2026-06-01	EXISTED	None
2026-05-26	None	ADDED
2026-05-26	EXISTED	None

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.

★ ★ ★ ★ ★ 42 Grade B

Profitability

Balance Sheet

Earnings Quality

Growth

Value

Momentum

Safety

Cash Flow

The InsiderStreet Scorecard rates companies across eight dimensions: Profitability (margins, ROA, ROE), Balance Sheet (leverage, liquidity, coverage), Earnings Quality (accruals, cash conversion), Growth (revenue and earnings trajectory), Value (P/E, P/B, earnings yield, Graham criteria), Momentum (revenue and earnings acceleration), Safety (Altman Z-Score risk adjustment), and Cash Flow (operating cash flow quality, FCF conversion, cash coverage). The overall score blends 35% quality, 35% value, and 30% momentum, with a penalty for distress-zone Altman scores. QNBC scores highest in Earnings Quality (92/100) and lowest in Safety (30/100). A grade of B indicates above-average fundamentals with room for improvement in select areas.

Risk & Quality Signals

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

Altman-B Score

1.72

Grey Zone

Piotroski F-Score

6/9

✓ ✓ ✗ ✓ ✓ ✓ ✗ ✓ ✗

Beneish M-Score

-2.15

Unlikely Manipulator

Ohlson O-Score

-4.51

Bankruptcy prob: 1.1%

Low Risk

Credit Rating

Score: 42.8/100

Trend: Deteriorating

Earnings Quality

100/100

OCF/NI: 1.20x

Accruals: -0.1%

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. QNBC scores 1.72, 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. QNBC scores 6/9, indicating moderate financial health — some areas of strength offset by weaknesses in others. The Beneish M-Score (1999) is an 8-variable model that detects earnings manipulation by comparing year-over-year changes in receivables, gross margins, asset quality, sales growth, depreciation, SG&A, leverage, and accruals. Scores above −1.78 statistically resemble past manipulators. QNBC's score of -2.15 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. QNBC's implied 1.1% bankruptcy probability is well within safe territory. Our Credit Rating model scores companies on five weighted components — solvency (30%), earning power (25%), leverage (20%), liquidity (15%), and cash flow quality (10%) — then blends the absolute score with sector and industry peer rankings. For companies with large buyback programs, equity is adjusted by adding back cumulative 5-year repurchases (capped at 80% of FCF generated) to avoid penalizing shareholder-friendly capital allocation. QNBC receives an estimated rating of BB (score: 42.8/100), 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). QNBC'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

13.46x

PEG

-5.22x

P/S

1.78x

P/B

1.24x

P/FCF

21.10x

P/OCF

13.60x

EV/EBITDA

8.57x

EV/Revenue

2.59x

EV/EBIT

9.16x

EV/FCF

25.93x

Earnings Yield

6.11%

FCF Yield

4.74%

Shareholder Yield

2.55%

Graham Number

$47.05

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 13.5x earnings, QNBC trades at a reasonable valuation. An earnings yield of 6.1% exceeds typical risk-free rates, suggesting equities are being compensated for risk. Graham's intrinsic value formula yields $47.05 per share, suggesting a potential 2% 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

0.782

NI / EBT

Interest Burden

0.583

EBT / EBIT

EBIT Margin

0.283

EBIT / Rev

Asset Turnover

0.049

Rev / Assets

Equity Multiplier

14.434

Assets / Equity

ROE

9.0%

The 5-factor DuPont identity decomposes ROE as: Tax Burden × Interest Burden × EBIT Margin × Asset Turnover × Equity Multiplier = ROE. This reveals whether returns are driven by operating performance, financial leverage, or tax efficiency — three very different sources of profitability. QNBC's ROE of 9.0% is driven by financial leverage (equity multiplier: 14.43x). 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

$22.79

Price/Value

1.92x

Margin of Safety

-92.43%

Premium

92.43%

Assessment

Neutral

Graham's classic formula uses analyst-projected growth to estimate a fair P/E (8.5 + 2g). Our adjusted version replaces that projection with QNBC's realized 0.0% 3-year EPS CAGR, capped at 15% — demonstrated performance rather than forecasts, held to a rate companies have historically sustained. QNBC trades at a 92% premium to its adjusted intrinsic value of $22.79, 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 13.5x.

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

$46.00

Median 1Y

$48.47

5th Pctile

$35.04

95th Pctile

$67.39

Ann. Volatility

21.4%

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

Executive	Salary	Stock	Total
David W. Freeman Officer	$675,000	$—	$925,072
Jeffrey Lehocky Officer	$375,000	$—	$544,031
Christopher T. Cattie Executive Vice President	$325,000	$—	$487,775
Scott G. Orzehoski Executive Vice President	$330,000	$—	$486,598
Christina S. McDonald Executive Vice President	$250,000	$—	$381,674
Courtney L. Covelens Executive Vice President	$235,000	$—	$361,232

CEO Pay Ratio

2:1

CEO-to-Employee Pay Ratio

CEO Total Comp: $262,794

Avg Employee Cost (SGA/emp): $122,157

Employees: 191

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

191

-1.0% YoY

Revenue / Employee

$509,524

Rev: $97,319,000

Profit / Employee

$73,770

NI: $14,090,000

SGA / Employee

$122,157

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	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	12.4%	12.2%	12.9%	13.2%	15.1%	15.3%	17.5%	18.1%	20.9%	11.7%	9.0%	9.6%	10.6%	11.8%	11.3%	12.2%	11.6%	12.1%	11.9%	9.0%	9.04%
ROA	1.1%	1.1%	0.9%	0.9%	0.9%	1.0%	1.0%	0.9%	0.8%	0.6%	0.5%	0.5%	0.5%	0.6%	0.6%	0.7%	0.7%	0.7%	0.7%	0.6%	0.63%
ROIC	-3.5%	-3.4%	-3.2%	-3.2%	-3.6%	-10.0%	-4.6%	-4.0%	-3.7%	6.7%	-2.2%	-2.4%	-2.3%	6.5%	-2.8%	-8.3%	-12.1%	-3.8%	6.0%	5.7%	5.74%
ROCE	13.2%	13.2%	15.6%	17.7%	23.6%	-26.8%	22.4%	17.1%	17.1%	2.5%	8.1%	7.8%	6.4%	0.8%	7.8%	10.1%	9.7%	1.0%	1.0%	1.3%	1.27%
Gross Margin	91.3%	92.2%	92.0%	90.6%	84.6%	85.3%	80.6%	61.4%	56.8%	52.1%	56.5%	54.8%	54.1%	54.0%	52.9%	58.4%	58.2%	58.5%	57.0%	61.8%	61.85%
Operating Margin	31.5%	36.0%	33.8%	30.8%	28.9%	39.5%	31.4%	12.7%	14.0%	7.3%	15.2%	13.8%	18.0%	15.9%	13.5%	19.7%	18.0%	22.5%	15.4%	11.7%	11.69%
Net Margin	26.3%	28.7%	27.6%	25.8%	24.3%	30.7%	24.7%	10.8%	11.6%	5.8%	12.1%	11.3%	14.0%	12.8%	10.8%	15.7%	14.4%	17.0%	12.3%	9.2%	9.20%
EBITDA Margin	35.1%	39.4%	37.0%	34.2%	32.1%	42.2%	34.0%	15.2%	16.1%	9.8%	17.2%	15.7%	19.8%	18.1%	15.4%	21.6%	19.6%	24.0%	17.2%	51.8%	51.83%
FCF Margin	39.6%	48.1%	44.2%	50.1%	43.3%	28.0%	29.3%	23.9%	16.2%	18.6%	14.2%	14.0%	14.9%	14.0%	10.9%	12.7%	13.7%	16.2%	14.9%	10.0%	9.99%
OCF Margin	45.6%	53.7%	44.9%	51.1%	44.3%	28.9%	30.2%	24.8%	17.2%	19.7%	15.4%	15.4%	18.3%	17.8%	14.6%	15.9%	15.2%	17.3%	16.6%	15.5%	15.50%
ROE 3Y Avg	snapshot only																				9.15%
ROE 5Y Avg	snapshot only																				12.66%
ROA 3Y Avg	snapshot only																				0.58%
ROIC 3Y Avg	snapshot only																				6.47%
ROIC Economic	snapshot only																				4.31%
Cash ROA	snapshot only																				0.67%
Cash ROIC	snapshot only																				6.90%
CROIC	snapshot only																				4.45%
NOPAT Margin	snapshot only																				12.89%
Pretax Margin	snapshot only																				16.48%
R&D / Revenue	snapshot only																				0.00%
SGA / Revenue	snapshot only																				28.21%
SBC / Revenue	snapshot only																				0.34%

Valuation

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
P/E Ratio	6.47	6.33	7.14	5.57	5.55	5.06	4.77	4.89	5.44	9.05	10.23	9.43	10.79	10.48	11.08	9.56	9.87	9.30	10.57	16.36	13.456
P/S Ratio	1.89	1.85	1.97	1.51	1.48	1.38	1.27	1.10	1.04	1.16	1.04	0.97	1.19	1.32	1.36	1.28	1.33	1.35	1.57	2.11	1.780
P/B Ratio	0.79	0.77	1.05	0.97	1.40	1.13	0.93	0.90	1.01	0.94	0.87	0.83	0.98	1.16	1.17	1.08	1.07	1.01	1.15	1.20	1.239
P/FCF	4.77	3.84	4.46	3.02	3.42	4.95	4.33	4.62	6.42	6.23	7.30	6.95	7.97	9.45	12.40	10.05	9.66	8.33	10.58	21.10	21.105
P/OCF	4.14	3.44	4.39	2.96	3.34	4.78	4.20	4.46	6.05	5.90	6.74	6.29	6.50	7.40	9.30	8.02	8.74	7.76	9.48	13.60	13.598
EV/EBITDA	-22.24	-23.34	-23.12	-23.24	-19.84	-6.98	-16.49	-18.68	-19.35	10.16	-32.68	-30.77	-30.54	11.93	-24.17	-8.01	-5.48	-18.77	13.10	8.57	8.568
EV/Revenue	-8.85	-9.25	-8.67	-8.49	-7.08	-2.57	-5.93	-5.75	-5.11	1.86	-4.78	-4.55	-4.84	2.12	-4.17	-1.50	-1.02	-3.78	2.70	2.59	2.589
EV/EBIT	-24.44	-25.56	-25.46	-25.63	-21.87	-7.62	-17.94	-20.48	-21.32	11.70	-38.60	-35.84	-34.95	13.41	-27.24	-8.93	-6.09	-20.50	14.25	9.16	9.157
EV/FCF	-22.34	-19.21	-19.59	-16.92	-16.37	-9.17	-20.24	-24.08	-31.57	9.96	-33.75	-32.59	-32.50	15.16	-38.14	-11.83	-7.46	-23.36	18.18	25.93	25.926
Earnings Yield	15.4%	15.8%	14.0%	18.0%	18.0%	19.8%	21.0%	20.5%	18.4%	11.1%	9.8%	10.6%	9.3%	9.5%	9.0%	10.5%	10.1%	10.8%	9.5%	6.1%	6.11%
FCF Yield	21.0%	26.1%	22.4%	33.2%	29.3%	20.2%	23.1%	21.7%	15.6%	16.1%	13.7%	14.4%	12.5%	10.6%	8.1%	10.0%	10.3%	12.0%	9.5%	4.7%	4.74%
Price/Tangible Book	snapshot only																				1.329
EV/OCF	snapshot only																				16.704
EV/Gross Profit	snapshot only																				4.378
Acquirers Multiple	snapshot only																				15.716
Shareholder Yield	snapshot only																				2.55%
Graham Number	snapshot only																				$47.05

Leverage & Solvency

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Current Ratio	0.46	0.47	0.44	0.41	0.37	0.33	0.36	0.37	0.36	0.06	0.34	0.33	0.37	0.30	0.37	0.22	0.19	0.62	0.65	1.05	1.052
Quick Ratio	0.46	0.47	0.44	0.41	0.37	0.33	0.36	0.37	0.36	0.06	0.34	0.33	0.37	0.30	0.37	0.22	0.19	0.62	0.65	1.05	1.052
Debt/Equity	0.60	0.57	0.85	1.05	1.77	4.69	1.31	1.37	1.58	1.26	0.80	0.82	0.87	0.81	1.04	0.94	0.72	0.93	0.96	0.71	0.705
Net Debt/Equity	-4.46	-4.60	-5.69	-6.43	-8.09	-3.24	-5.27	-5.58	-5.99	0.57	-4.88	-4.73	-4.96	0.70	-4.77	-2.36	-1.89	-3.85	0.83	0.27	0.273
Debt/Assets	0.05	0.05	0.05	0.05	0.06	0.20	0.07	0.07	0.07	0.07	0.04	0.04	0.05	0.04	0.06	0.06	0.05	0.06	0.07	0.05	0.054
Debt/EBITDA	3.62	3.50	4.22	4.46	5.25	15.56	4.99	5.46	6.12	8.45	6.52	6.44	6.69	5.20	6.98	5.91	4.81	6.12	6.37	4.12	4.116
Net Debt/EBITDA	-26.99	-28.00	-28.39	-27.38	-23.98	-10.75	-20.02	-22.27	-23.29	3.81	-39.75	-37.33	-38.03	4.49	-32.04	-14.82	-12.57	-25.45	5.48	1.59	1.593
Interest Coverage	4.22	4.41	4.15	3.91	3.18	2.47	1.71	1.08	0.74	0.41	0.29	0.29	0.31	0.35	0.34	0.37	0.38	0.43	0.45	0.70	0.702
Equity Multiplier	12.20	12.26	16.08	19.66	28.30	23.51	19.39	20.39	22.74	18.79	18.32	18.18	17.48	18.10	17.52	16.64	15.67	14.70	14.64	13.07	13.072
Cash Ratio	snapshot only																				1.052
Debt Service Coverage	snapshot only																				0.750
Cash to Debt	snapshot only																				0.613
FCF to Debt	snapshot only																				0.080
Defensive Interval	snapshot only																				704.9 days

Efficiency & Turnover

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Asset Turnover	0.04	0.04	0.03	0.03	0.03	0.03	0.04	0.04	0.04	0.04	0.05	0.05	0.05	0.05	0.05	0.05	0.05	0.05	0.05	0.05	0.049
Inventory Turnover	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Receivables Turnover	12.43	12.67	12.92	13.75	13.65	12.72	17.05	17.93	15.65	13.27	16.37	16.40	17.23	16.44	17.00	16.89	20.64	19.85	19.90	18.25	18.252
Payables Turnover	16.59	18.19	22.10	20.89	26.20	20.87	16.79	13.65	12.25	9.75	14.45	11.55	9.86	6.39	10.41	8.10	10.06	6.63	10.01	8.03	8.029
DSO	29	29	28	27	27	29	21	20	23	28	22	22	21	22	21	22	18	18	18	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	22	20	17	17	14	17	22	27	30	37	25	32	37	57	35	45	36	55	36	45	45.5 days
Cash Conversion Cycle	7	9	12	9	13	11	-0	-6	-6	-10	-3	-9	-16	-35	-14	-23	-19	-37	-18	-25	-25.5 days
Cash Velocity	snapshot only																				1.311
Capital Intensity	snapshot only																				23.057

Growth (YoY)

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Revenue	11.4%	10.2%	-3.2%	-5.5%	-2.8%	2.8%	12.0%	22.3%	31.4%	27.1%	28.1%	26.0%	20.2%	23.1%	18.7%	16.0%	12.8%	7.0%	2.9%	8.0%	8.03%
Net Income	54.5%	36.5%	-10.4%	-13.2%	-11.3%	-3.5%	7.8%	1.6%	-5.7%	-40.4%	-51.3%	-42.6%	-30.9%	20.7%	43.6%	50.5%	38.1%	23.1%	24.9%	4.4%	4.35%
EPS	53.9%	35.9%	-10.4%	-13.2%	-11.6%	-4.0%	6.7%	0.5%	-6.8%	-41.5%	-52.1%	-43.6%	-32.2%	19.0%	41.4%	48.1%	36.6%	21.4%	22.8%	-22.3%	-22.29%
FCF	5.9%	3.0%	1.4%	1.1%	6.1%	-40.2%	-25.9%	-41.7%	-50.8%	-15.3%	-38.0%	-26.4%	10.5%	-7.9%	-8.3%	5.4%	4.1%	23.9%	39.7%	-15.0%	-14.97%
EBITDA	49.9%	33.0%	-11.9%	-14.8%	-12.8%	-4.5%	7.4%	3.1%	-2.8%	-36.9%	-47.9%	-39.5%	-27.9%	19.5%	40.0%	47.0%	33.2%	21.4%	22.9%	74.3%	74.25%
Op. Income	59.8%	39.7%	-11.8%	-15.2%	-13.1%	-4.2%	8.7%	3.8%	-2.7%	-40.1%	-52.0%	-43.1%	-30.6%	22.4%	46.8%	53.5%	37.1%	24.9%	27.2%	5.9%	5.94%
OCF Growth	snapshot only																				5.36%
Asset Growth	snapshot only																				27.28%
Equity Growth	snapshot only																				62.02%
Debt Growth	snapshot only																				21.40%
Shares Change	snapshot only																				34.28%
Dividend Growth	snapshot only																				-14.90%

Growth (CAGR)

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Revenue 3Y	5.2%	5.5%	3.0%	1.5%	1.6%	2.0%	6.5%	8.9%	12.5%	13.0%	11.5%	13.3%	15.3%	17.2%	19.4%	21.4%	21.2%	18.7%	16.1%	16.4%	16.45%
Revenue 5Y	7.8%	7.8%	6.4%	5.4%	5.1%	5.3%	6.2%	7.2%	8.3%	9.0%	9.4%	10.0%	10.6%	10.7%	12.9%	13.5%	14.0%	13.7%	11.1%	12.8%	12.78%
EPS 3Y	19.4%	12.6%	8.1%	6.1%	6.4%	8.3%	20.4%	13.5%	8.2%	-8.6%	-22.9%	-21.1%	-17.7%	-12.6%	-10.3%	-5.7%	-4.8%	-5.4%	-6.0%	-13.4%	-13.42%
EPS 5Y	12.9%	12.2%	9.0%	7.6%	7.0%	13.1%	13.6%	10.2%	7.0%	-4.3%	-8.4%	-7.5%	-5.3%	-2.5%	3.4%	4.1%	3.2%	2.0%	-4.5%	-10.8%	-10.76%
Net Income 3Y	20.2%	13.3%	8.8%	6.7%	7.0%	8.8%	21.1%	14.2%	8.9%	-7.8%	-22.2%	-20.3%	-16.7%	-11.5%	-9.0%	-4.2%	-3.5%	-4.0%	-4.4%	-3.4%	-3.38%
Net Income 5Y	13.9%	13.1%	9.7%	8.3%	7.7%	13.9%	14.3%	11.0%	7.8%	-3.5%	-7.5%	-6.7%	-4.4%	-1.5%	4.4%	5.2%	4.3%	3.1%	-3.3%	-4.5%	-4.46%
EBITDA 3Y	13.6%	17.1%	11.5%	8.5%	8.2%	7.7%	19.8%	12.9%	8.3%	-7.1%	-21.0%	-19.0%	-15.2%	-10.4%	-7.8%	-2.9%	-2.3%	-2.9%	-3.5%	15.7%	15.73%
EBITDA 5Y	12.5%	11.6%	8.2%	6.6%	6.0%	7.2%	8.6%	6.5%	4.4%	-0.6%	-5.0%	-4.4%	-2.4%	-1.2%	4.6%	5.0%	4.1%	3.1%	-3.2%	6.4%	6.36%
Gross Profit 3Y	8.9%	9.9%	7.8%	6.6%	6.3%	5.7%	9.7%	7.9%	6.7%	1.7%	-3.9%	-3.5%	-2.5%	-1.1%	0.1%	2.3%	3.5%	2.8%	2.2%	6.4%	6.37%
Gross Profit 5Y	8.5%	8.5%	7.4%	6.5%	6.0%	6.1%	6.5%	5.7%	5.2%	3.4%	2.1%	2.4%	2.8%	2.8%	5.0%	5.4%	5.5%	4.9%	2.1%	3.9%	3.86%
Op. Income 3Y	12.5%	16.6%	11.1%	8.5%	8.7%	8.8%	23.3%	15.7%	10.5%	-7.1%	-22.8%	-20.6%	-16.3%	-11.1%	-8.5%	-3.2%	-2.6%	-2.9%	-3.6%	-2.5%	-2.52%
Op. Income 5Y	12.3%	11.3%	7.7%	6.0%	5.3%	6.7%	8.2%	5.9%	3.8%	-1.9%	-6.4%	-5.5%	-2.8%	-1.1%	5.7%	6.3%	5.1%	4.1%	-3.0%	-4.0%	-4.01%
FCF 3Y	21.9%	24.1%	26.0%	24.2%	21.2%	14.6%	15.0%	25.1%	53.4%	26.1%	3.0%	-3.8%	-16.8%	-22.4%	-25.1%	-23.2%	-17.3%	-1.1%	-7.4%	-12.9%	-12.93%
FCF 5Y	18.6%	19.8%	14.6%	15.6%	9.4%	1.0%	5.3%	6.6%	-1.1%	-0.6%	-1.7%	-3.8%	-0.7%	3.3%	-2.9%	8.7%	32.9%	18.0%	6.9%	-4.4%	-4.41%
OCF 3Y	21.0%	22.2%	19.2%	21.0%	16.1%	6.6%	8.1%	14.6%	35.5%	24.2%	-3.9%	-8.0%	-15.0%	-18.9%	-17.9%	-17.8%	-15.1%	0.1%	-5.0%	-0.4%	-0.38%
OCF 5Y	21.1%	21.8%	14.4%	15.2%	9.1%	0.8%	4.5%	4.0%	-3.1%	-2.7%	-3.7%	-3.8%	0.4%	3.1%	-1.5%	7.1%	24.4%	17.3%	3.2%	-0.4%	-0.37%
Assets 3Y	11.9%	12.5%	11.1%	10.8%	9.7%	10.8%	9.7%	5.9%	5.9%	5.8%	3.0%	3.8%	3.6%	3.8%	4.8%	4.6%	5.0%	4.5%	5.7%	13.3%	13.27%
Assets 5Y	9.1%	9.5%	8.6%	8.0%	7.4%	7.7%	6.8%	7.1%	7.3%	7.7%	7.4%	7.8%	8.1%	8.8%	9.0%	6.3%	6.1%	5.7%	4.1%	8.8%	8.78%
Equity 3Y	11.2%	9.4%	-2.4%	-10.3%	-21.2%	-16.2%	-12.4%	-14.3%	-17.3%	-12.3%	-10.8%	-11.0%	-8.2%	-8.9%	1.8%	10.6%	27.9%	22.2%	16.1%	31.4%	31.37%
Book Value 3Y	10.5%	8.6%	-3.0%	-10.7%	-21.7%	-16.7%	-12.9%	-14.8%	-17.8%	-13.1%	-11.6%	-11.9%	-9.2%	-10.0%	0.4%	8.9%	26.1%	20.4%	14.2%	17.7%	17.72%
Dividend 3Y	0.5%	0.5%	0.6%	0.6%	0.4%	0.4%	0.2%	0.1%	0.3%	0.3%	0.5%	0.5%	0.1%	-0.4%	-0.6%	-0.6%	-0.3%	-0.2%	-0.1%	-6.3%	-6.32%

Growth Quality

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Revenue Stability	0.90	0.85	0.88	0.79	0.82	0.82	0.91	0.79	0.69	0.79	0.72	0.70	0.74	0.73	0.84	0.87	0.91	0.92	0.90	0.95	0.950
Earnings Stability	0.69	0.84	0.61	0.62	0.67	0.87	0.69	0.59	0.52	0.01	0.00	0.01	0.01	0.06	0.04	0.03	0.04	0.05	0.26	0.30	0.302
Margin Stability	0.94	0.94	0.93	0.93	0.94	0.95	0.94	0.93	0.90	0.86	0.83	0.82	0.81	0.79	0.77	0.77	0.78	0.77	0.75	0.77	0.769
Rev. Growth Consistency	0.50	0.50	0.00	0.00	0.00	1.00	0.50	0.50	0.50	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.000
Earn. Growth Consistency	0.50	0.50	0.00	0.00	0.00	0.00	0.50	0.50	0.00	0.00	0.00	0.00	0.00	0.50	0.50	0.50	0.50	1.00	1.00	1.00	1.000
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	0.85	0.96	0.95	0.95	0.99	0.97	0.99	0.98	0.84	0.50	0.83	0.88	0.92	0.83	0.50	0.85	0.91	0.90	0.98	0.983
Earnings Smoothness	0.57	0.69	0.89	0.86	0.88	0.96	0.93	0.98	0.94	0.49	0.31	0.46	0.63	0.81	0.64	0.60	0.68	0.79	0.78	0.96	0.957
ROE Trend	0.03	0.02	0.05	0.07	0.15	0.12	0.06	0.03	-0.00	-0.07	-0.09	-0.09	-0.13	-0.05	-0.03	-0.02	-0.03	0.00	0.01	-0.03	-0.028
Gross Margin Trend	0.10	0.09	0.08	0.07	0.04	-0.00	-0.05	-0.13	-0.20	-0.27	-0.32	-0.29	-0.26	-0.20	-0.17	-0.11	-0.07	-0.01	0.03	0.04	0.042
FCF Margin Trend	0.24	0.32	0.24	0.31	0.20	-0.03	-0.02	-0.13	-0.25	-0.19	-0.23	-0.23	-0.15	-0.09	-0.11	-0.06	-0.02	-0.00	0.02	-0.03	-0.033
Sustainable Growth Rate	9.1%	8.9%	9.2%	9.2%	10.5%	11.0%	12.7%	12.5%	13.9%	5.9%	3.7%	4.3%	5.3%	6.8%	6.5%	7.6%	7.2%	7.8%	7.7%	5.3%	5.27%
Internal Growth Rate	0.8%	0.8%	0.7%	0.6%	0.6%	0.7%	0.7%	0.6%	0.6%	0.3%	0.2%	0.2%	0.3%	0.4%	0.4%	0.4%	0.4%	0.5%	0.5%	0.4%	0.37%

Cash Flow Quality

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
OCF/Net Income	1.56	1.84	1.63	1.88	1.66	1.06	1.14	1.10	0.90	1.53	1.52	1.50	1.66	1.42	1.19	1.19	1.13	1.20	1.12	1.20	1.203
FCF/OCF	0.87	0.90	0.98	0.98	0.98	0.97	0.97	0.96	0.94	0.95	0.92	0.91	0.82	0.78	0.75	0.80	0.90	0.93	0.90	0.64	0.644
FCF/Net Income	snapshot only																				0.775
OCF/EBITDA	snapshot only																				0.513
CapEx/Revenue	6.0%	5.6%	0.7%	1.0%	1.0%	0.9%	0.9%	0.9%	1.0%	1.0%	1.2%	1.4%	3.4%	3.9%	3.7%	3.2%	1.4%	1.2%	1.7%	1.1%	1.11%
CapEx/Depreciation	snapshot only																				0.572
Accruals Ratio	-0.01	-0.01	-0.01	-0.01	-0.01	-0.00	-0.00	-0.00	0.00	-0.00	-0.00	-0.00	-0.00	-0.00	-0.00	-0.00	-0.00	-0.00	-0.00	-0.00	-0.001
Sloan Accruals	snapshot only																				0.629
Cash Flow Adequacy	snapshot only																				2.391
Earnings Quality Score	snapshot only																				1.000

Dividends & Buybacks

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Dividend Yield	4.1%	4.2%	4.1%	5.5%	5.5%	5.6%	5.8%	6.3%	6.1%	5.4%	5.8%	5.9%	4.7%	4.0%	3.8%	4.0%	3.8%	3.8%	3.4%	2.5%	3.39%
Dividend/Share	$1.22	$1.23	$1.24	$1.25	$1.25	$1.26	$1.26	$1.26	$1.27	$1.28	$1.29	$1.30	$1.30	$1.30	$1.30	$1.31	$1.33	$1.34	$1.34	$1.12	$1.55
Payout Ratio	26.3%	26.5%	29.1%	30.4%	30.6%	28.3%	27.7%	30.6%	33.4%	49.3%	59.3%	55.7%	50.2%	41.9%	42.3%	38.1%	37.6%	35.5%	35.5%	41.7%	41.68%
FCF Payout Ratio	19.4%	16.1%	18.2%	16.5%	18.8%	27.6%	25.1%	28.9%	39.4%	33.9%	42.3%	41.0%	37.1%	37.8%	47.4%	40.0%	36.8%	31.8%	35.5%	53.8%	53.78%
Total Payout Ratio	33.5%	34.8%	36.7%	35.9%	33.2%	28.7%	27.7%	30.6%	33.4%	49.3%	59.3%	55.7%	50.2%	41.9%	42.3%	38.1%	37.6%	35.5%	35.5%	41.7%	41.68%
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	0.08	0.08	0.08	0.09	0.08	0.08	0.08	0.09	0.09	0.09	0.10	0.10	0.09	0.07	0.06	0.07	0.07	0.08	0.08	0.17	0.168
Buyback Yield	1.1%	1.3%	1.1%	1.0%	0.5%	0.1%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.00%
Net Buyback Yield	0.5%	0.7%	0.6%	0.5%	-0.0%	-0.4%	-0.5%	-0.5%	-1.1%	-1.0%	-1.0%	-1.0%	-0.4%	-0.3%	-0.4%	-0.4%	-0.4%	-0.5%	-0.8%	-0.7%	-0.65%
Total Shareholder Return	4.6%	4.9%	4.7%	5.9%	5.5%	5.2%	5.3%	5.7%	5.0%	4.5%	4.8%	4.9%	4.3%	3.7%	3.4%	3.6%	3.4%	3.3%	2.6%	1.9%	1.89%

DuPont Factors

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Tax Burden (NI/EBT)	0.81	0.81	0.81	0.82	0.82	0.81	0.80	0.80	0.80	0.81	0.82	0.81	0.79	0.80	0.80	0.79	0.80	0.79	0.78	0.78	0.782
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	0.58	0.583
EBIT Margin	0.36	0.36	0.34	0.33	0.32	0.34	0.33	0.28	0.24	0.16	0.12	0.13	0.14	0.16	0.15	0.17	0.17	0.18	0.19	0.28	0.283
Asset Turnover	0.04	0.04	0.03	0.03	0.03	0.03	0.04	0.04	0.04	0.04	0.05	0.05	0.05	0.05	0.05	0.05	0.05	0.05	0.05	0.05	0.049
Equity Multiplier	11.52	11.49	13.73	14.57	17.02	16.11	17.57	20.02	25.18	20.86	18.83	19.19	19.65	18.42	17.89	17.35	16.51	16.21	15.94	14.43	14.434

Per Share

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
EPS (Diluted TTM)	$4.64	$4.64	$4.26	$4.11	$4.10	$4.45	$4.55	$4.13	$3.82	$2.60	$2.18	$2.33	$2.59	$3.10	$3.08	$3.45	$3.53	$3.76	$3.78	$2.68	$2.68
Book Value/Share	$38.24	$38.37	$28.84	$23.53	$16.29	$19.83	$23.37	$22.49	$20.50	$24.94	$25.63	$26.43	$28.60	$27.97	$29.15	$30.41	$32.63	$34.59	$34.80	$36.69	$36.93
Tangible Book/Share	$38.24	$38.37	$28.84	$23.53	$16.29	$19.83	$23.37	$22.49	$20.50	$34.34	$25.63	$26.43	$28.60	$27.85	$29.15	$30.41	$32.63	$34.59	$34.80	$32.99	$32.99
Revenue/Share	$15.89	$15.90	$15.43	$15.14	$15.38	$16.25	$17.11	$18.31	$19.96	$20.30	$21.52	$22.64	$23.53	$24.62	$25.14	$25.86	$26.26	$25.98	$25.44	$20.80	$20.94
FCF/Share	$6.29	$7.65	$6.83	$7.59	$6.66	$4.55	$5.01	$4.37	$3.23	$3.78	$3.05	$3.16	$3.50	$3.44	$2.75	$3.28	$3.61	$4.20	$3.78	$2.08	$2.09
OCF/Share	$7.25	$8.54	$6.93	$7.74	$6.81	$4.71	$5.17	$4.53	$3.43	$3.99	$3.30	$3.49	$4.30	$4.39	$3.67	$4.11	$3.99	$4.50	$4.22	$3.22	$2.32
Cash/Share	$193.54	$198.40	$188.53	$176.07	$160.57	$157.21	$153.86	$156.33	$155.13	$17.20	$145.70	$146.58	$166.79	$3.08	$169.32	$100.42	$85.39	$165.10	$4.67	$15.86	$15.97
EBITDA/Share	$6.32	$6.30	$5.78	$5.53	$5.49	$5.98	$6.15	$5.64	$5.27	$3.71	$3.15	$3.35	$3.73	$4.37	$4.34	$4.84	$4.91	$5.23	$5.25	$6.29	$6.29
Debt/Share	$22.90	$22.06	$24.40	$24.68	$28.84	$92.98	$30.71	$30.80	$32.30	$31.33	$20.54	$21.57	$24.97	$22.69	$30.28	$28.63	$23.61	$32.01	$33.41	$25.88	$25.88
Net Debt/Share	$-170.65	$-176.34	$-164.12	$-151.39	$-131.74	$-64.22	$-123.15	$-125.53	$-122.83	$14.12	$-125.16	$-125.01	$-141.83	$19.61	$-139.04	$-71.79	$-61.78	$-133.10	$28.74	$10.02	$10.02

Academic Models

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Altman-B Score	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	1.720
Altman Z-Prime	snapshot only																				0.402
Piotroski F-Score	7	8	6	5	3	4	5	5	3	5	5	5	6	8	6	6	7	7	7	6	6
Beneish M-Score	-2.60	-2.70	-2.75	-2.64	-2.55	-2.14	-2.38	-2.09	-1.71	-1.78	-1.58	-1.79	-2.54	-2.55	-2.59	-2.58	-2.31	-2.58	-2.39	-2.15	-2.145
Ohlson O-Score	snapshot only																				-4.510
ROIC (Greenblatt)	snapshot only																				7.52%
Net-Net WC	snapshot only																				$-427.09
EVA	snapshot only																				$-9953000.00

Credit

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Credit Rating	snapshot only																				BB
Credit Score	69.85	82.58	65.27	73.00	57.44	51.66	62.02	59.48	59.31	38.96	49.23	51.30	59.29	41.40	55.75	49.86	48.21	60.01	39.62	42.84	42.840
Credit Grade	snapshot only																				12
Credit Trend	snapshot only																				-7.018
Implied Spread (bps)	snapshot only																				475.000
Industry Credit Rank	snapshot only																				26
Sector Credit Rank	snapshot only																				27

QNBC NASDAQ

Edge Score

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

Sign in to InsiderStreet