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Not Investment Advice

RLYB NASDAQ

Rallybio Corporation
1W: +2.8% 1M: +0.8% 3M: +8.7% YTD: +201.8% 1Y: +3191.6% 3Y: +385.2% 5Y: +22.9%
$17.08
+0.32 (+1.91%)
 
Weekly Expected Move ±3.9%
$16 $16 $17 $18 $18
NASDAQ · Healthcare · Biotechnology · Tech Score Buy · Power 56 · $90.6M mcap · 3M float · 2.41% daily turnover · Short 23% of daily vol

Edge Score

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

WEAK EDGE
42.4 / 100
NoneWeakNarrowWide
Primary source: Intangible Assets  ·  ROIC: -1399.7%  ·  5Y Avg: -197.3%
Cost Advantage
45
Intangibles
59
Switching Cost
38
Network Effect
39
Scale
22
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. RLYB shows a Weak competitive edge (42.4/100) — limited structural advantages that may face competitive pressure. The primary source of advantage is Intangible Assets. Negative ROIC of -1399.7% 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
Analyst Recommendations
Strong Buy: 0Buy: 4Hold: 5Sell: 0Strong Sell: 0
Rating Summary
ConsensusHold
Avg Target$—
Analysts0
Consensus Change History
DateFieldFromTo
2026-06-22 consensus Buy Hold

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.

A-
Oct 02, 2026
DCF
3
ROE
5
ROA
5
D/E
1
P/E
3
P/B
4
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. RLYB receives an overall rating of A-. Strongest factors: ROE (5/5), ROA (5/5), P/B (4/5). Areas of concern: D/E (1/5).
Rating Change History
DateFromTo
2026-08-06 B- A-
2026-03-19 C+ B-
2026-03-17 C C+
2026-03-16 B- C
2026-02-24 B B-
2026-02-23 B- B
2026-02-09 B B-
2026-02-06 B- B
2026-02-06 B B-

InsiderStreet Scorecard

Proprietary multi-factor scorecard rating companies across seven fundamental dimensions — profitability, balance sheet strength, earnings quality, growth, value, momentum, and safety — each scored 0–100.

★ ★ ★ ★ ★ — Grade A+
Profitability
—
Balance Sheet
92
Earnings Quality
41
Growth
51
Value
81
Momentum
54
Safety
100
Cash Flow
71

Risk & Quality Signals

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

Altman Z-Score
13.86
Safe Zone
Piotroski F-Score
6/9
✓ ✓ ✓ ✗ ✓ ✓ ✓ ✗ ✗
Beneish M-Score
—
—
Ohlson O-Score
-25.09
Bankruptcy prob: 0.0%
Low Risk
Credit Rating
AA
Score: 89.0/100
Trend: Improving
Earnings Quality
50/100
OCF/NI: 0.58x
Accruals: 25.8%
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. RLYB scores 13.86, placing it in the Safe Zone (safe > 2.99, distress < 1.81). Bankruptcy is statistically unlikely within the next two years. 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. RLYB scores 6/9, indicating moderate financial health — some areas of strength offset by weaknesses in others. 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. RLYB's implied 0.0% bankruptcy probability is well within safe territory. Our Credit Rating model scores companies on five weighted components — solvency (30%), earning power (25%), leverage (20%), liquidity (15%), and cash flow quality (10%) — then blends the absolute score with sector and industry peer rankings. For companies with large buyback programs, equity is adjusted by adding back cumulative 5-year repurchases (capped at 80% of FCF generated) to avoid penalizing shareholder-friendly capital allocation. RLYB receives an estimated rating of AA (score: 89.0/100), 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). RLYB's score of 50/100 is moderate — some divergence between reported earnings and underlying cash flows.

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
2.15x
PEG
0.00x
P/S
140.31x
P/B
1.03x
P/FCF
3.52x
P/OCF
3.52x
EV/EBITDA
-0.00x
EV/Revenue
-0.13x
EV/EBIT
-0.00x
EV/FCF
-0.00x
Earnings Yield
49.10%
FCF Yield
28.39%
Shareholder Yield
0.01%
Graham Number
$53.68
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 2.2x earnings, RLYB trades at a deep value multiple. An earnings yield of 49.1% exceeds typical risk-free rates, suggesting equities are being compensated for risk. Graham's intrinsic value formula yields $53.68 per share, suggesting a potential 214% 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
0.972
NI / EBT
×
Interest Burden
1.741
EBT / EBIT
×
EBIT Margin
41.670
EBIT / Rev
×
Asset Turnover
0.009
Rev / Assets
×
Equity Multiplier
1.061
Assets / Equity
=
ROE
64.9%
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. RLYB's ROE of 64.9% is driven by EBIT Margin (41.670) as the dominant factor. A tax burden ratio of 0.97 indicates minimal tax leakage — the company retains over 90% of pre-tax earnings.

Graham-Dodd Adjusted Valuation

Our adaptation of Graham's growth formula (Fair P/E = 8.5 + 2g) from The Intelligent Investor. The classic version relies on analyst growth projections, which can be unreliable. This adjusted model substitutes the company's realized 3-year EPS CAGR — a backward-looking, verifiable measure of actual earnings power — grounding the valuation in demonstrated performance rather than forecasts.

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
$66.78
Price/Value
0.24x
Margin of Safety
76.04%
Premium
-76.04%
Assessment
Undervalued
Graham's classic formula uses analyst-projected growth to estimate a fair P/E (8.5 + 2g). Our adjusted version replaces that projection with RLYB's realized 0.0% 3-year EPS CAGR, capped at 15% — demonstrated performance rather than forecasts, held to a rate companies have historically sustained. At an intrinsic value of $66.78, RLYB appears undervalued with a 76% margin of safety. The adjusted fair P/E of 8.5x compares to the current market P/E of 2.2x.

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 1301 days of historical volatility. Percentile bands show the range of statistically plausible outcomes — this is a statistical model, not a forecast.

Current Price
$17.08
Median 1Y
$6.85
5th Pctile
$0.71
95th Pctile
$65.02
Ann. Volatility
138.8%
25th–75th percentile 5th–95th percentile Median path Historical

Executive Compensation

C-suite compensation breakdown including salary, stock awards, options, and incentive pay. The CEO-to-employee pay ratio and Gini coefficient measure pay distribution fairness.

C-Suite Compensation

ExecutiveSalaryStockTotal
Stephen Uden, M.D.
Chief Executive Officer and President
$551,200 $— $1,127,666
Martin W. Mackay,
Ph.D. Chairman, former Executive Chairman
$551,200 $— $1,102,862
Steven Ryder, M.D.
Chief Medical Officer
$531,227 $— $911,061
Jonathan I. Lieber,
M.B.A. Chief Financial Officer and Treasurer
$478,400 $— $839,216

CEO Pay Ratio

1:1
CEO-to-Employee Pay Ratio
CEO Total Comp: $1,127,666
Avg Employee Cost (SGA/emp): $1,023,214
Employees: 14

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
14
-44.0% YoY
Revenue / Employee
$61,286
Rev: $858,000
Profit / Employee
$-641,286
NI: $-8,978,000
SGA / Employee
$1,023,214
Avg labor cost proxy
R&D / Employee
$1,399,786
Innovation spend

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 -5.5% -12.9% -22.8% -37.0% -39.5% -38.6% -43.7% -49.1% -55.2% -54.1% -62.4% -67.4% -68.9% -68.8% -67.3% -66.1% -21.2% -15.0% -15.0% 64.9% 64.86%
ROA -5.3% -12.4% -21.9% -35.1% -37.3% -36.8% -41.9% -46.5% -50.9% -50.4% -58.3% -61.6% -63.1% -62.9% -61.2% -58.1% -19.3% -13.8% -13.9% 61.1% 61.12%
ROIC 16.0% -65.7% -12.6% -38.6% -429.8% -61.1% -10.7% -31.0% -22.5% 18.6% 13.6% 7.3% 13.5% 12.9% 130.1% -125.6% -7.7% -7.7% -6.1% -14.0% -14.00%
ROCE -5.4% -12.7% -22.4% -36.6% -47.7% -40.0% -46.3% -53.3% -60.5% -74.2% -90.0% -96.3% -98.8% -97.8% -93.2% -94.4% -60.6% -57.0% -55.9% 28.5% 28.49%
Gross Margin — — — — — — — — — — — 88.6% 1.0% 21.1% 1.0% 1.0% 1.0% 1.0% 98.6% — —
Operating Margin — — — — — — — — — — — -57.0% -40.4% -305.5% -45.6% -47.4% -32.7% -28.9% -22.3% — —
Net Margin — — — — — — — — — — — -54.3% -38.3% -290.6% -44.5% -45.8% 75.5% -26.4% -39.0% — —
EBITDA Margin — — — — — — — — — — — -56.9% -40.2% -304.7% -45.5% -47.3% -32.5% -28.9% -22.3% — —
FCF Margin — — — — — — — — — — — -180.6% -85.4% -77.5% -51.9% -55.2% -51.9% -34.7% -32.2% 40.8% 40.77%
OCF Margin — — — — — — — — — — — -180.6% -85.4% -77.5% -51.9% -55.2% -51.9% -34.7% -32.2% 40.8% 40.77%
ROE 3Y Avg snapshot only -44.92%
ROE 5Y Avg snapshot only -44.48%
ROA 3Y Avg snapshot only -38.38%
ROIC Economic snapshot only -24.40%
Cash ROA snapshot only 26.86%
Cash ROIC snapshot only 15.99%
CROIC snapshot only 15.99%
NOPAT Margin snapshot only -35.69%
Pretax Margin snapshot only 72.56%
R&D / Revenue snapshot only 13.35%
SGA / Revenue snapshot only 26.23%
SBC / Revenue snapshot only 4.42%
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 -47.46 -12.57 -5.70 -4.22 -7.08 -3.50 -3.31 -3.24 -1.94 -1.30 -0.99 -0.80 -0.78 -0.74 -0.61 -0.36 -0.20 -0.40 -6.53 2.04 2.154
P/S Ratio — — — — — — — — — — — 197.76 87.25 67.41 34.56 19.92 4.17 4.22 59.47 143.60 140.312
P/B Ratio 2.60 1.62 1.30 1.56 3.38 1.38 1.48 1.64 1.11 0.91 0.85 0.74 0.74 0.70 0.54 0.33 0.04 0.06 1.01 0.98 1.030
P/FCF -43.99 -13.52 -6.08 -4.78 -8.55 -4.07 -3.69 -3.68 -2.14 -1.61 -1.32 -1.09 -1.02 -0.87 -0.67 -0.36 -0.08 -0.12 -1.85 3.52 3.522
P/OCF — — — — — — — — — — — — — — — — — — — 3.52 3.522
EV/EBITDA -29.83 -4.90 -1.39 -1.56 -4.98 -0.96 -1.11 -1.23 -0.21 0.16 0.23 0.38 0.33 0.37 0.50 0.71 1.48 1.54 -0.16 -0.00 -0.003
EV/Revenue — — — — — — — — — — — -97.65 -38.02 -35.35 -29.57 -40.12 -83.55 -59.36 5.11 -0.13 -0.128
EV/EBIT -29.75 -4.88 -1.39 -1.55 -4.97 -0.96 -1.11 -1.22 -0.21 0.16 0.23 0.38 0.32 0.37 0.50 0.70 1.47 1.54 -0.16 -0.00 -0.003
EV/FCF -26.99 -5.18 -1.46 -1.74 -6.02 -1.13 -1.28 -1.47 -0.24 0.21 0.32 0.54 0.45 0.46 0.57 0.73 1.61 1.71 -0.16 -0.00 -0.003
Earnings Yield -2.1% -8.0% -17.5% -23.7% -14.1% -28.6% -30.2% -30.9% -51.6% -76.8% -1.0% -1.2% -1.3% -1.3% -1.6% -2.7% -5.0% -2.5% -15.3% 49.1% 49.10%
FCF Yield -2.3% -7.4% -16.4% -20.9% -11.7% -24.6% -27.1% -27.2% -46.8% -62.1% -75.5% -91.3% -97.9% -1.1% -1.5% -2.8% -12.5% -8.2% -54.1% 28.4% 28.39%
PEG Ratio snapshot only 0.001
Price/Tangible Book snapshot only 0.982
EV/OCF snapshot only -0.003
EV/Gross Profit snapshot only -0.128
Shareholder Yield snapshot only 0.01%
Graham Number snapshot only $53.68
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 26.20 27.61 28.93 21.20 12.61 16.71 23.72 18.23 14.08 12.39 9.77 7.52 9.55 10.87 14.68 9.98 14.74 14.50 12.92 27.26 27.265
Quick Ratio 26.20 27.61 28.93 21.20 12.61 16.71 23.72 18.23 14.08 12.39 9.77 7.52 9.55 10.87 14.68 9.98 14.74 14.50 12.92 27.26 27.265
Debt/Equity 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 0.00 0.00 0.00 0.00 0.00 0.000
Net Debt/Equity -1.00 -1.00 -0.99 -0.99 -1.00 -0.99 -0.97 -0.99 -0.98 -1.03 -1.05 -1.10 -1.06 -1.06 -1.01 -0.99 -0.94 -0.94 -0.93 -0.98 -0.983
Debt/Assets 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 0.00 0.00 0.00 0.00 0.00 0.000
Debt/EBITDA -0.00 -0.00 -0.02 -0.01 -0.01 -0.01 -0.01 -0.01 -0.01 -0.00 -0.00 -0.00 -0.00 -0.00 -0.00 -0.00 -0.01 -0.01 -0.01 0.00 0.000
Net Debt/EBITDA 18.78 7.89 4.40 2.71 2.09 2.49 2.09 1.85 1.62 1.39 1.17 1.14 1.07 1.08 1.08 1.06 1.55 1.65 1.66 -3.44 -3.443
Interest Coverage — — -377.44 -559.04 -101.46 -109.14 -137.03 -141.73 — — — — — — — — — — — — —
Equity Multiplier 1.04 1.04 1.04 1.05 1.09 1.07 1.05 1.06 1.08 1.09 1.11 1.16 1.12 1.10 1.07 1.11 1.07 1.07 1.08 1.04 1.038
Cash Ratio snapshot only 26.030
Defensive Interval snapshot only 1390.9 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 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.01 0.01 0.01 0.01 0.01 0.01 0.02 0.01 0.009
Inventory Turnover — — — — — — — — — — — — — — — — — — — — —
Receivables Turnover — — — — — — — — — — — — — — — — — — — — —
Payables Turnover 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.06 0.07 0.13 0.16 0.15 0.04 0.07 0.00 0.00 0.01 0.006
DSO — — — — — — — — — — — 0 0 0 0 0 0 0 0 0 0.0 days
DIO — — — — — — — — — — 0 0 0 0 0 0 0 — 0 0 0.0 days
DPO — — — — — — — — — — 6528 5044 2769 2312 2481 8133 5183 — 81517 57913 57913.3 days
Cash Conversion Cycle — — — — — — — — — — — -5044 -2769 -2312 -2481 -8133 -5183 — -81517 -57913 -57913.3 days
Cash Velocity snapshot only 0.007
Capital Intensity snapshot only 151.800
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 — — — — — — — — — — — — — — — 1.5% 12.7% 34.9% 1.2% -15.1% -15.11%
Net Income — — — — -5.2% -1.9% -87.2% -28.9% -12.2% -11.9% -9.8% -4.8% 5.0% 22.5% 36.8% 43.6% 78.8% 84.5% 83.8% 2.1% 2.09%
EPS — — — — -4.5% -1.5% -41.0% 2.3% 14.8% 2.2% -8.4% 4.2% 13.7% 29.5% 42.5% 44.5% -67.5% -31.4% -27.7% 9.5% 9.46%
FCF — — — — -3.7% -1.7% -79.2% -28.5% -22.6% -5.1% 8.6% 13.1% 20.1% 18.2% 22.7% 22.2% 31.5% 39.5% 37.3% 1.6% 1.63%
EBITDA — — — — -5.3% -2.0% -96.6% -37.3% -18.8% -16.3% -11.7% -3.9% 6.5% 23.4% 37.3% 43.9% 45.4% 45.4% 44.2% 1.6% 1.62%
Op. Income — — — — -5.3% -2.0% -96.5% -37.2% -18.7% -16.3% -11.7% -3.9% 6.6% 23.4% 37.3% 43.9% 45.3% 45.3% 44.2% 45.3% 45.34%
OCF Growth snapshot only 1.63%
Asset Growth snapshot only 92.27%
Equity Growth snapshot only 1.06%
Debt Growth snapshot only -1.00%
Shares Change snapshot only -87.07%
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 — — — — — — — — — — — — — — — — — — — — —
Revenue 5Y — — — — — — — — — — — — — — — — — — — — —
EPS 3Y — — — — — — — — — — — — — — — — — — — — —
EPS 5Y — — — — — — — — — — — — — — — — — — — — —
Net Income 3Y — — — — — — — — — — — — — — — — — — — — —
Net Income 5Y — — — — — — — — — — — — — — — — — — — — —
EBITDA 3Y — — — — — — — — — — — — — — — — — — — — —
EBITDA 5Y — — — — — — — — — — — — — — — — — — — — —
Gross Profit 3Y — — — — — — — — — — — — — — — — — — — — —
Gross Profit 5Y — — — — — — — — — — — — — — — — — — — — —
Op. Income 3Y — — — — — — — — — — — — — — — — — — — — —
Op. Income 5Y — — — — — — — — — — — — — — — — — — — — —
FCF 3Y — — — — — — — — — — — — — — — — — — — — —
FCF 5Y — — — — — — — — — — — — — — — — — — — — —
OCF 3Y — — — — — — — — — — — — — — — — — — — — —
OCF 5Y — — — — — — — — — — — — — — — — — — — — —
Assets 3Y — — — — — — — — — — — — -25.9% -28.0% -30.0% -31.1% -22.2% -29.9% -30.5% -12.7% -12.74%
Assets 5Y — — — — — — — — — — — — — — — — — — — — —
Equity 3Y — — — — — — — — — — — — -27.6% -29.5% -30.8% -32.3% -21.8% -30.0% -31.3% -12.1% -12.12%
Book Value 3Y — — — — — — — — — — — — -38.3% -38.4% -39.2% -40.4% 37.7% 32.0% 31.8% 67.8% 67.79%
Dividend 3Y — — — — — — — — — — — — — — — — — — — — —
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 — — — — — — — — 1.00 1.00 1.00 0.75 0.60 0.60 0.60 0.86 0.84 0.88 0.80 0.80 0.804
Earnings Stability — — — — — — — — 0.84 0.86 0.88 0.88 0.65 0.41 0.08 0.10 0.00 0.04 0.21 0.55 0.547
Margin Stability — — — — — — — — — — — — — — — — — — — 0.87 0.866
Rev. Growth Consistency 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.50 0.50 0.50 0.50 1.00 1.00 1.00 1.00 0.00 0.000
Earn. Growth Consistency 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.50 0.50 0.50 0.50 1.00 1.00 1.00 1.00 1.000
FCF Positive Streak 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Earnings Persistence — — — — — — — — 0.95 0.95 0.96 0.98 0.98 0.91 0.85 0.83 0.50 0.50 0.50 0.20 0.200
Earnings Smoothness — — — — — — — — — — — — — — — — — — — — —
ROE Trend — — — — — — — — -0.31 -0.44 -0.52 -0.49 -0.42 -0.39 -0.24 -0.19 0.53 0.66 0.72 1.40 1.397
Gross Margin Trend — — — — — — — — — — — — — — — — — — — 0.13 0.130
FCF Margin Trend — — — — — — — — — — — — — — — — — — — 158.67 158.675
Sustainable Growth Rate — — — — — — — — — — — — — — — — — — — 64.9% 64.86%
Internal Growth Rate — — — — — — — — — — — — — — — — — — — 1.6% 1.57%
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 1.07 0.92 0.93 0.88 0.83 0.86 0.90 0.88 0.91 0.81 0.75 0.73 0.76 0.85 0.91 1.01 2.47 3.32 3.53 0.58 0.578
FCF/OCF 1.01 1.01 1.01 1.01 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
FCF/Net Income snapshot only 0.578
OCF/EBITDA snapshot only 0.977
CapEx/Revenue — — — — — — — — — — — 5.0% 2.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.00%
CapEx/Depreciation snapshot only 0.000
Accruals Ratio 0.00 -0.01 -0.02 -0.04 -0.06 -0.05 -0.04 -0.06 -0.05 -0.10 -0.15 -0.17 -0.15 -0.09 -0.05 0.00 0.28 0.32 0.35 0.26 0.258
Sloan Accruals snapshot only 0.650
Earnings Quality Score snapshot only 0.500
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 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% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.00%
Dividend/Share $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Payout Ratio — — — — — — — — — — — — — — — — — — — 0.0% 0.00%
FCF Payout Ratio — — — — — — — — — — — — — — — — — — — 0.0% 0.00%
Total Payout Ratio — — — — — — — — — — — — — — — — — — — 0.0% 0.03%
Div. Increase Streak — — — — — — — — — — — — — — — — — — — — —
Chowder Number — — — — — — — — — — — — — — — — — — — — —
Buyback Yield 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.1% 0.2% 1.0% 0.3% 0.0% 0.0% 0.01%
Net Buyback Yield -17.8% -29.8% -40.0% -36.6% -0.4% -22.1% -22.4% -22.6% -37.7% -0.1% -0.1% -8.9% -10.1% -12.0% -17.6% 0.1% -7.1% -5.5% -39.2% -21.6% -21.55%
Total Shareholder Return -17.8% -29.8% -40.0% -36.6% -0.4% -22.1% -22.4% -22.6% -37.7% -0.1% -0.1% -8.9% -10.1% -12.0% -17.6% 0.1% -7.1% -5.5% -39.2% -21.6% -21.55%
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) 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 0.97 0.972
Interest Burden (EBT/EBIT) 1.02 1.01 1.01 1.01 1.00 0.98 0.96 0.94 0.94 0.94 0.95 0.96 0.96 0.96 0.96 0.96 0.37 0.27 0.28 1.74 1.741
EBIT Margin — — — — — — — — — — — -258.52 -117.06 -95.12 -59.41 -57.03 -56.77 -38.54 -32.78 41.67 41.670
Asset Turnover 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.01 0.01 0.01 0.01 0.01 0.01 0.02 0.01 0.009
Equity Multiplier 1.04 1.04 1.04 1.05 1.06 1.05 1.04 1.06 1.08 1.07 1.07 1.09 1.09 1.09 1.10 1.14 1.10 1.09 1.08 1.06 1.061
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) $-0.37 $-0.76 $-1.22 $-1.79 $-2.04 $-1.88 $-1.73 $-1.75 $-1.74 $-1.83 $-1.87 $-1.67 $-1.50 $-1.29 $-1.08 $-0.93 $-2.52 $-1.70 $-1.37 $7.86 $7.86
Book Value/Share $6.77 $5.89 $5.38 $4.83 $4.29 $4.77 $3.86 $3.45 $3.05 $2.61 $2.19 $1.81 $1.59 $1.38 $1.21 $1.03 $11.19 $10.97 $8.84 $16.30 $16.58
Tangible Book/Share $6.77 $5.89 $5.38 $4.83 $4.29 $4.77 $3.86 $3.45 $3.05 $2.61 $2.19 $1.81 $1.59 $1.38 $1.21 $1.03 $11.19 $10.97 $8.84 $16.30 $16.30
Revenue/Share $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.01 $0.01 $0.01 $0.02 $0.02 $0.12 $0.16 $0.15 $0.11 $0.11
FCF/Share $-0.40 $-0.71 $-1.15 $-1.58 $-1.69 $-1.61 $-1.55 $-1.54 $-1.58 $-1.48 $-1.40 $-1.22 $-1.15 $-1.10 $-0.98 $-0.94 $-6.21 $-5.64 $-4.85 $4.54 $4.62
OCF/Share $-0.39 $-0.70 $-1.14 $-1.57 $-1.69 $-1.61 $-1.55 $-1.54 $-1.58 $-1.48 $-1.40 $-1.22 $-1.15 $-1.10 $-0.98 $-0.94 $-6.21 $-5.64 $-4.85 $4.54 $4.62
Cash/Share $6.79 $5.89 $5.32 $4.82 $4.30 $4.76 $3.74 $3.41 $2.99 $2.70 $2.31 $2.01 $1.68 $1.47 $1.22 $1.02 $10.53 $10.36 $8.23 $16.01 $16.29
EBITDA/Share $-0.36 $-0.75 $-1.20 $-1.77 $-2.05 $-1.91 $-1.78 $-1.84 $-1.84 $-1.94 $-1.97 $-1.75 $-1.57 $-1.35 $-1.12 $-0.97 $-6.77 $-6.24 $-4.93 $4.65 $4.65
Debt/Share $0.00 $0.00 $0.02 $0.02 $0.02 $0.02 $0.01 $0.01 $0.01 $0.01 $0.01 $0.01 $0.01 $0.00 $0.00 $0.00 $0.04 $0.03 $0.03 $0.00 $0.00
Net Debt/Share $-6.79 $-5.89 $-5.30 $-4.80 $-4.28 $-4.74 $-3.72 $-3.40 $-2.98 $-2.70 $-2.30 $-2.00 $-1.68 $-1.46 $-1.21 $-1.02 $-10.50 $-10.33 $-8.20 $-16.01 $-16.01
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 — — — — — — — — — — — — — — — — — — — — 13.857
Altman Z-Prime snapshot only 26.556
Piotroski F-Score 1 2 2 2 1 1 2 2 3 1 1 3 3 4 5 5 4 5 3 6 6
Beneish M-Score — — — — — — — — — — — — — — — -2.69 -0.88 3.11 -0.44 — —
Ohlson O-Score snapshot only -25.089
ROIC (Greenblatt) snapshot only 28.73%
Net-Net WC snapshot only $16.16
EVA snapshot only $-23217635.94
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 AA
Credit Score 89.00 89.00 61.98 63.94 64.06 65.57 64.83 65.15 76.22 60.07 44.52 44.23 44.45 44.10 44.12 44.32 44.18 44.01 44.29 89.00 89.000
Credit Grade snapshot only 3
Credit Trend snapshot only 44.684
Implied Spread (bps) snapshot only 80.000
Industry Credit Rank snapshot only 91
Sector Credit Rank snapshot only 88

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