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Not Investment Advice

SCL NYSE

Stepan Company
1W: +1.7% 1M: +0.6% 3M: -23.0% YTD: +9.7% 1Y: -5.7% 3Y: -39.1% 5Y: -59.3%
$52.07
+0.67 (+1.30%)
 
Weekly Expected Move ±4.9%
$44 $47 $49 $52 $54
NYSE · Basic Materials · Chemicals - Specialty · Alpha Radar Neutral · Power 53 · $1.2B mcap · 22M float · 0.753% daily turnover · Short 58% of daily vol

Edge Score

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

NO EDGE
35.5 / 100
NoneWeakNarrowWide
Primary source: Cost Advantage  ·  ROIC: 2.5%  ·  5Y Avg: 6.0%
Cost Advantage ★
47
Intangibles
27
Switching Cost
39
Network Effect
19
Scale
45
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. SCL has No discernible competitive edge (35.5/100). The business operates without significant structural advantages. The primary source of advantage is Cost Advantage. ROIC of 2.5% suggests modest returns relative to capital deployed.

Analyst Insights

Wall Street analyst consensus based on price targets and buy/sell/hold recommendations from institutional research coverage over the trailing 12 months.

Analyst Price Targets
$0
Low
$75
Avg Target
$75
High
Based on 1 analyst ratings (12 mo)
Analyst Recommendations
Strong Buy: 0Buy: 3Hold: 0Sell: 0Strong Sell: 0
Rating Summary
ConsensusBuy
Avg Target$75.00
Analysts1
Price Target Change History
DateFirmAnalystOldNewChangeUpside @ CallStock@Call
2026-01-23 Seaport Global Initiated $75 +37.1% $54.70

Financial Rating

Composite financial health rating (A+ to F) based on discounted cash flow valuation, return on equity, return on assets, debt-to-equity leverage, and relative P/E and P/B multiples.

C-
May 22, 2026
DCF
1
ROE
1
ROA
1
D/E
1
P/E
1
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. SCL receives an overall rating of C-. Strongest factors: P/B (4/5). Areas of concern: DCF (1/5), ROE (1/5), ROA (1/5), D/E (1/5), P/E (1/5).
Rating Change History
DateFromTo
2026-05-11 C C-
2026-04-30 C- C
2026-04-28 B C-
2026-03-18 B- B
2026-03-05 B B-
2026-02-23 B- B
2026-01-03 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.

26 Grade D
Profitability
5
Balance Sheet
57
Earnings Quality
51
Growth
37
Value
49
Momentum
38
Safety
65
Cash Flow
12
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. SCL scores highest in Safety (65/100) and lowest in Profitability (5/100). 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
2.58
Grey Zone
Piotroski F-Score
6/9
Beneish M-Score
-2.63
Unlikely Manipulator
Ohlson O-Score
-7.04
Bankruptcy prob: 0.1%
Low Risk
Credit Rating
BBB-
Score: 52.8/100
Trend: Deteriorating
Earnings Quality
OCF/NI: -11.10x
Accruals: -7.4%
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. SCL scores 2.58, placing it in the Grey Zone (safe > 2.99, distress < 1.81). 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. SCL 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. SCL's score of -2.63 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. SCL's implied 0.1% 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. SCL receives an estimated rating of BBB- (score: 52.8/100), with a deteriorating trend.

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
-83.80x
PEG
0.67x
P/S
0.50x
P/B
1.00x
P/FCF
-59.41x
P/OCF
7.25x
EV/EBITDA
8.29x
EV/Revenue
0.73x
EV/EBIT
22.56x
EV/FCF
-88.40x
Earnings Yield
-1.24%
FCF Yield
-1.68%
Shareholder Yield
3.09%
Graham Number
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. SCL currently has negative earnings — the P/E ratio is not meaningful.

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
0.739
NI / EBT
×
Interest Burden
-0.255
EBT / EBIT
×
EBIT Margin
0.032
EBIT / Rev
×
Asset Turnover
1.005
Rev / Assets
×
Equity Multiplier
1.931
Assets / Equity
=
ROE
-1.2%
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. SCL's ROE of -1.2% is driven by Asset Turnover (1.005), indicating efficient use of assets to generate revenue.

Graham-Dodd Adjusted Valuation

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

Adj. Growth Rate
0.00%
Fair P/E
8.50x
Intrinsic Value
Price/Value
Margin of Safety
Premium
Assessment
Overvalued

Profitability Trends

Historical profitability ratios tracking how efficiently the company converts revenue into returns for shareholders over time.

Leverage & Solvency Trends

Debt and liquidity metrics showing the company's financial leverage and ability to meet short-term and long-term obligations.

Efficiency & Working Capital Trends

Operating efficiency metrics measuring how quickly the company converts inventory to sales, collects receivables, and manages its cash conversion cycle.

Growth Trends (YoY %)

Year-over-year growth rates for key financial metrics, showing the trajectory of revenue, earnings, and cash flow generation.

Earnings Stability

R-squared of linear regression measuring how predictably revenue, earnings, and margins follow a trend over the trailing 5 years. 1.0 = perfectly predictable; lower values indicate erratic or cyclical behavior.

Monte Carlo Price Simulation

Geometric Brownian Motion with 1,000 antithetic paths over 1 year, seeded from 1800 days of historical volatility. Percentile bands show the range of statistically plausible outcomes — this is a statistical model, not a forecast.

Current Price
$52.05
Median 1Y
$46.46
5th Pctile
$25.54
95th Pctile
$84.54
Ann. Volatility
33.7%
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
Luis E. Rojo
President and Chief Executive Officer
$940,000 $2,279,746 $4,327,042
Robert J. Haire,
Jr. Executive Vice President, Supply Chain
$484,231 $450,027 $1,357,164
Sean T. Moriarty
Vice President and General Manager – Surfactants
$486,336 $450,027 $1,221,417
Richard Stepan Manager
esident and General Manager – Polymers
$385,121 $337,491 $963,341
Ruben Velasquez Financial
ident and Chief Financial Officer
$220,543 $290,639 $715,642
Samuel S. Hinrichsen
Former Interim Chief Financial Officer
$270,109 $93,741 $412,590

CEO Pay Ratio

3:1
CEO-to-Employee Pay Ratio
CEO Total Comp: $4,327,042
Avg Employee Cost (SGA/emp): $1,667,188
Employees: 85

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
85
-96.5% YoY
Revenue / Employee
$27,436,635
Rev: $2,332,114,000
Profit / Employee
$551,706
NI: $46,895,000
SGA / Employee
$1,667,188
Avg labor cost proxy
R&D / Employee
$697,388
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 Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q4'22 Q1'23 Q2'23 Q3'23 Q4'23 Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Current
ROE 15.7% 16.1% 13.4% 13.8% 14.6% 14.9% 13.1% 10.6% 7.1% 4.7% 3.4% 3.2% 2.9% 3.8% 4.2% 4.7% 4.9% 3.8% 3.9% -1.2% -1.18%
ROA 8.8% 9.1% 7.2% 7.4% 7.9% 8.0% 6.5% 5.3% 3.5% 2.3% 1.7% 1.6% 1.5% 1.9% 2.2% 2.4% 2.5% 1.9% 2.0% -0.6% -0.61%
ROIC 16.6% 17.2% 10.2% 10.7% 11.9% 12.3% 9.9% 8.0% 5.3% 3.7% 2.7% 2.5% 2.3% 3.0% 3.4% 3.8% 4.1% 3.4% 3.0% 2.5% 2.49%
ROCE 15.3% 15.1% 11.5% 12.1% 13.5% 14.4% 11.3% 8.9% 5.5% 3.8% 3.7% 3.6% 3.7% 3.7% 4.3% 4.8% 4.8% 4.7% 5.2% 4.5% 4.46%
Gross Margin 18.8% 15.2% 13.6% 16.2% 17.5% 16.5% 10.8% 11.3% 11.4% 12.7% 12.5% 12.7% 12.5% 13.8% 10.8% 12.7% 12.1% 12.0% 9.3% 10.7% 10.73%
Operating Margin 9.5% 6.7% 3.3% 9.4% 10.3% 7.6% 1.9% 3.2% 3.1% 3.5% 0.0% 3.7% 3.4% 4.4% 1.5% 4.8% 3.0% 3.7% 0.2% 2.6% 2.62%
Net Margin 7.3% 6.1% 2.8% 6.6% 6.9% 5.5% 1.7% 2.5% 2.2% 2.2% -0.2% 2.5% 1.7% 4.3% 0.6% 3.3% 1.9% 1.8% 0.9% -6.8% -6.85%
EBITDA Margin 13.4% 10.4% 8.4% 12.8% 13.6% 10.9% 4.4% 7.2% 7.7% 9.1% 5.1% 8.7% 8.5% 9.6% 6.8% 9.7% 8.3% 9.5% 9.2% 8.1% 8.08%
FCF Margin 2.6% -2.0% -5.2% -6.2% -6.2% -5.6% -5.1% -8.1% -6.7% -4.9% -3.7% 4.1% 2.3% 5.3% 5.8% 4.0% 3.3% 1.4% -1.3% -0.8% -0.82%
OCF Margin 9.6% 5.2% 3.1% 2.5% 3.2% 4.6% 5.8% 4.0% 6.1% 7.9% 7.5% 13.0% 9.5% 7.4% 7.4% 5.7% 4.8% 6.8% 6.3% 6.7% 6.74%
ROE 3Y Avg snapshot only 2.26%
ROE 5Y Avg snapshot only 6.03%
ROA 3Y Avg snapshot only 1.15%
ROIC 3Y Avg snapshot only 2.44%
ROIC Economic snapshot only 2.38%
Cash ROA snapshot only 6.70%
Cash ROIC snapshot only 8.76%
CROIC snapshot only -1.07%
NOPAT Margin snapshot only 1.92%
Pretax Margin snapshot only -0.82%
R&D / Revenue snapshot only 2.54%
SGA / Revenue snapshot only 5.04%
SBC / Revenue snapshot only 0.28%
Valuation
Metric Trend Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q4'22 Q1'23 Q2'23 Q3'23 Q4'23 Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Current
P/E Ratio 17.54 16.02 19.42 14.98 14.43 13.16 15.60 18.82 26.21 31.23 51.09 52.11 53.21 37.33 28.57 21.90 21.18 23.92 23.12 -80.43 -83.798
P/S Ratio 1.24 1.09 1.14 0.86 0.82 0.73 0.83 0.81 0.80 0.67 0.88 0.89 0.84 0.78 0.66 0.55 0.54 0.47 0.46 0.49 0.505
P/B Ratio 2.62 2.45 2.49 1.98 2.03 1.88 1.97 1.91 1.78 1.40 1.69 1.63 1.52 1.41 1.23 1.05 1.05 0.92 0.87 0.92 0.999
P/FCF 46.66 -53.23 -21.88 -13.79 -13.32 -13.04 -16.31 -9.96 -11.94 -13.81 -24.04 21.94 37.16 14.75 11.44 13.88 16.50 33.74 -34.85 -59.41 -59.407
P/OCF 12.84 21.07 37.10 33.81 25.44 16.05 14.28 20.34 13.08 8.51 11.75 6.86 8.81 10.51 8.88 9.66 11.26 6.93 7.33 7.25 7.246
EV/EBITDA 8.54 7.98 10.86 8.51 8.06 7.16 9.38 10.58 12.85 12.33 15.54 14.96 14.02 13.11 11.03 9.40 9.28 8.37 7.67 8.29 8.295
EV/Revenue 1.19 1.04 1.25 0.96 0.92 0.83 1.00 0.98 0.98 0.87 1.13 1.15 1.11 1.05 0.93 0.82 0.80 0.72 0.70 0.73 0.726
EV/EBIT 12.18 11.50 16.36 12.64 11.56 10.11 13.83 17.11 26.17 31.29 40.98 40.19 37.67 35.74 28.45 22.95 23.17 21.58 18.63 22.56 22.562
EV/FCF 44.86 -51.04 -24.01 -15.48 -14.91 -14.73 -19.60 -12.04 -14.61 -17.74 -30.85 28.40 48.84 19.77 16.07 20.46 24.34 51.92 -52.80 -88.40 -88.403
Earnings Yield 5.7% 6.2% 5.1% 6.7% 6.9% 7.6% 6.4% 5.3% 3.8% 3.2% 2.0% 1.9% 1.9% 2.7% 3.5% 4.6% 4.7% 4.2% 4.3% -1.2% -1.24%
FCF Yield 2.1% -1.9% -4.6% -7.3% -7.5% -7.7% -6.1% -10.0% -8.4% -7.2% -4.2% 4.6% 2.7% 6.8% 8.7% 7.2% 6.1% 3.0% -2.9% -1.7% -1.68%
PEG Ratio snapshot only 0.669
Price/Tangible Book snapshot only 1.029
EV/OCF snapshot only 10.783
EV/Gross Profit snapshot only 6.566
Acquirers Multiple snapshot only 29.913
Shareholder Yield snapshot only 3.09%
Leverage & Solvency
Metric Trend Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q4'22 Q1'23 Q2'23 Q3'23 Q4'23 Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Current
Current Ratio 2.17 2.17 1.82 1.82 1.82 1.82 1.56 1.56 1.56 1.56 1.40 1.40 1.40 1.40 1.21 1.21 1.21 1.21 1.29 1.29 1.289
Quick Ratio 1.65 1.65 1.21 1.21 1.21 1.21 0.96 0.96 0.96 0.96 0.96 0.96 0.96 0.96 0.78 0.78 0.78 0.78 0.84 0.84 0.840
Debt/Equity 0.25 0.25 0.39 0.39 0.39 0.39 0.55 0.55 0.55 0.55 0.59 0.59 0.59 0.59 0.58 0.58 0.58 0.58 0.56 0.56 0.555
Net Debt/Equity -0.10 -0.10 0.24 0.24 0.24 0.24 0.40 0.40 0.40 0.40 0.48 0.48 0.48 0.48 0.50 0.50 0.50 0.50 0.45 0.45 0.449
Debt/Assets 0.14 0.14 0.20 0.20 0.20 0.20 0.26 0.26 0.26 0.26 0.30 0.30 0.30 0.30 0.30 0.30 0.30 0.30 0.29 0.29 0.293
Debt/EBITDA 0.86 0.86 1.55 1.50 1.39 1.32 2.17 2.50 3.23 3.75 4.20 4.16 4.10 4.07 3.73 3.54 3.50 3.43 3.23 3.37 3.367
Net Debt/EBITDA -0.34 -0.34 0.97 0.93 0.86 0.82 1.58 1.82 2.35 2.73 3.43 3.40 3.36 3.33 3.18 3.02 2.99 2.93 2.61 2.72 2.721
Interest Coverage 33.97 33.75 31.21 28.91 27.40 27.09 20.35 15.25 8.45 5.48 5.32 5.16 5.80 5.44 5.01 5.19 4.33 3.21 4.59 3.75 3.752
Equity Multiplier 1.78 1.78 1.92 1.92 1.92 1.92 2.09 2.09 2.09 2.09 1.94 1.94 1.94 1.94 1.97 1.97 1.97 1.97 1.90 1.90 1.895
Cash Ratio snapshot only 0.199
Debt Service Coverage snapshot only 10.206
Cash to Debt snapshot only 0.192
FCF to Debt snapshot only -0.028
Defensive Interval snapshot only 939.1 days
Efficiency & Turnover
Metric Trend Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q4'22 Q1'23 Q2'23 Q3'23 Q4'23 Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Current
Asset Turnover 1.26 1.34 1.23 1.30 1.38 1.44 1.23 1.22 1.15 1.08 0.97 0.93 0.92 0.91 0.93 0.95 0.97 0.99 1.00 1.01 1.005
Inventory Turnover 7.89 8.57 7.44 7.96 8.48 8.82 6.63 6.66 6.36 6.05 6.13 5.84 5.76 5.70 6.88 7.02 7.15 7.32 7.02 7.09 7.094
Receivables Turnover 7.24 7.72 6.51 6.89 7.32 7.65 6.48 6.42 6.02 5.65 5.42 5.18 5.13 5.09 5.38 5.49 5.58 5.69 6.01 6.04 6.040
Payables Turnover 7.73 8.40 6.96 7.45 7.94 8.26 6.71 6.75 6.44 6.13 6.73 6.41 6.32 6.26 7.76 7.91 8.05 8.25 7.92 8.01 8.008
DSO 50 47 56 53 50 48 56 57 61 65 67 70 71 72 68 67 65 64 61 60 60.4 days
DIO 46 43 49 46 43 41 55 55 57 60 60 62 63 64 53 52 51 50 52 51 51.5 days
DPO 47 43 52 49 46 44 54 54 57 60 54 57 58 58 47 46 45 44 46 46 45.6 days
Cash Conversion Cycle 49 46 53 50 47 45 57 58 61 65 73 76 77 77 74 72 71 70 67 66 66.3 days
Fixed Asset Turnover snapshot only 1.828
Operating Cycle snapshot only 111.9 days
Cash Velocity snapshot only 17.661
Capital Intensity snapshot only 1.006
Growth (YoY)
Metric Trend Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q4'22 Q1'23 Q2'23 Q3'23 Q4'23 Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Current
Revenue 15.8% 22.6% 25.5% 26.9% 26.1% 23.6% 18.2% 10.7% -2.3% -12.2% -16.1% -19.0% -14.6% -9.7% -6.3% -0.2% 2.6% 5.4% 7.0% 5.5% 5.46%
Net Income 32.6% 27.6% 8.7% 1.5% 2.3% 1.4% 6.8% -16.6% -47.6% -65.9% -72.7% -68.0% -56.0% -12.3% 25.3% 48.0% 66.7% -1.3% -6.9% -1.3% -1.25%
EPS 31.7% 27.7% 9.0% 2.3% 3.6% 2.2% 8.0% -15.9% -47.3% -65.8% -72.4% -67.9% -56.0% -12.2% 24.6% 48.4% 67.1% -1.1% -6.8% -1.3% -1.25%
FCF -33.2% -1.4% -2.1% -2.5% -3.9% -2.4% -15.1% -45.1% -6.2% 23.6% 39.3% 1.4% 1.3% 2.0% 2.5% -1.7% 49.4% -72.3% -1.2% -1.2% -1.22%
EBITDA 26.0% 18.3% 3.8% 1.6% 4.0% 9.4% 8.8% -9.3% -34.8% -46.6% -42.3% -32.8% -12.0% 2.9% 8.0% 12.7% 12.6% 13.8% 16.9% 6.4% 6.38%
Op. Income 40.0% 25.6% -0.4% -2.8% 1.9% 10.4% 21.4% -8.4% -47.7% -67.5% -71.7% -65.0% -44.3% -10.1% 20.2% 36.2% 33.0% 20.2% -1.6% -27.6% -27.59%
OCF Growth snapshot only 23.88%
Asset Growth snapshot only 2.30%
Equity Growth snapshot only 6.33%
Debt Growth snapshot only 1.20%
Shares Change snapshot only -0.01%
Dividend Growth snapshot only 3.20%
Growth (CAGR)
Metric Trend Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q4'22 Q1'23 Q2'23 Q3'23 Q4'23 Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Current
Revenue 3Y 1.8% 3.7% 5.6% 7.8% 10.9% 13.6% 14.3% 14.8% 12.6% 10.0% 7.5% 4.4% 1.7% -0.7% -2.4% -3.6% -5.0% -5.8% -5.6% -5.2% -5.19%
Revenue 5Y 3.5% 4.8% 5.8% 6.8% 7.6% 8.0% 7.6% 7.0% 5.4% 3.9% 3.1% 2.3% 2.6% 3.1% 3.2% 4.1% 4.6% 4.8% 4.5% 3.7% 3.66%
EPS 3Y 14.8% 16.0% 6.6% 10.1% 13.7% 12.8% 13.1% 4.3% -10.4% -23.5% -31.3% -34.9% -37.8% -32.5% -28.1% -26.3% -27.1% -33.3% -31.6%
EPS 5Y 9.0% 10.7% 9.5% 9.2% 10.9% 11.1% 10.4% 5.6% -3.8% -11.4% -18.5% -18.5% -19.4% -15.5% -13.1% -11.6% -12.0% -17.3% -17.7%
Net Income 3Y 14.9% 15.9% 6.5% 9.8% 13.2% 12.4% 12.6% 3.9% -10.7% -23.9% -31.8% -35.3% -38.2% -32.8% -28.5% -26.6% -27.3% -33.4% -31.7%
Net Income 5Y 9.4% 10.8% 9.4% 9.1% 10.5% 10.8% 10.0% 5.3% -4.0% -11.7% -18.8% -18.7% -19.7% -15.8% -13.4% -11.9% -12.2% -17.5% -18.0%
EBITDA 3Y 7.4% 7.6% 4.9% 8.0% 11.5% 13.5% 10.8% 3.9% -5.1% -11.6% -13.3% -14.8% -15.8% -15.6% -12.2% -11.7% -13.6% -14.5% -10.0% -6.9% -6.94%
EBITDA 5Y 6.2% 7.0% 5.9% 6.4% 8.5% 9.3% 4.9% 2.3% -3.4% -6.2% -6.3% -5.2% -4.5% -4.3% -3.3% -3.2% -3.3% -4.1% -3.8% -5.8% -5.77%
Gross Profit 3Y 8.4% 7.0% 5.0% 5.6% 6.9% 9.9% 7.9% 5.4% -1.4% -8.1% -10.2% -12.8% -13.4% -12.5% -11.7% -11.2% -12.4% -14.7% -14.2% -12.8% -12.83%
Gross Profit 5Y 4.7% 4.1% 3.2% 3.3% 4.5% 6.3% 4.8% 3.1% -0.5% -4.1% -4.1% -4.0% -4.0% -3.3% -4.3% -3.7% -3.8% -5.2% -6.8% -8.9% -8.91%
Op. Income 3Y 10.3% 10.6% 3.7% 8.4% 13.4% 16.0% 17.7% 6.3% -9.3% -23.3% -30.1% -32.2% -33.3% -31.4% -25.5% -24.2% -27.1% -29.4% -30.6% -29.9% -29.88%
Op. Income 5Y 6.1% 7.4% 6.2% 7.1% 10.2% 11.5% 7.2% 3.1% -6.5% -13.5% -17.5% -16.4% -15.7% -14.5% -11.1% -10.6% -11.2% -13.4% -16.6% -21.0% -21.04%
FCF 3Y -19.9% -3.3% -3.5%
FCF 5Y -5.7% 0.1% -14.4% 0.5% 2.2% -1.3% -2.2% -21.5%
OCF 3Y 1.7% -12.3% -25.0% -28.8% -24.1% -15.4% -9.7% -19.2% -7.2% -5.5% -9.4% 7.8% 1.4% 12.3% 31.0% 26.5% 8.4% 7.5% -2.7% 12.9% 12.92%
OCF 5Y 2.2% -8.3% -19.4% -22.0% -15.4% -10.5% -4.2% -11.0% -3.7% 2.4% 0.4% 10.6% 1.4% -4.8% -5.8% -9.3% -11.2% -7.2% -8.9% -7.2% -7.25%
Assets 3Y 6.0% 6.0% 11.6% 11.6% 11.6% 11.6% 15.5% 15.5% 15.5% 15.5% 10.5% 10.5% 10.5% 10.5% 3.7% 3.7% 3.7% 3.7% -1.0% -1.0% -1.04%
Assets 5Y 7.2% 7.2% 8.8% 8.8% 8.8% 8.8% 10.6% 10.6% 10.6% 10.6% 9.7% 9.7% 9.7% 9.7% 7.9% 7.9% 7.9% 7.9% 6.1% 6.1% 6.11%
Equity 3Y 10.1% 10.1% 11.1% 11.1% 11.1% 11.1% 9.4% 9.4% 9.4% 9.4% 7.2% 7.2% 7.2% 7.2% 2.9% 2.9% 2.9% 2.9% 2.2% 2.2% 2.18%
Book Value 3Y 10.0% 10.2% 11.2% 11.3% 11.5% 11.5% 9.8% 9.8% 9.7% 9.8% 8.0% 7.8% 7.9% 7.7% 3.4% 3.3% 3.1% 3.1% 2.3% 2.3% 2.34%
Dividend 3Y 3.4% 3.6% 3.5% 3.6% 3.5% 3.4% 3.3% 3.2% 3.2% 3.3% 3.2% 2.6% 2.1% 1.5% 1.6% 1.5% 1.3% 1.3% 1.2% 1.2% 1.21%
Growth Quality
Metric Trend Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q4'22 Q1'23 Q2'23 Q3'23 Q4'23 Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Current
Revenue Stability 0.39 0.42 0.50 0.54 0.58 0.60 0.61 0.65 0.63 0.52 0.46 0.37 0.34 0.24 0.17 0.15 0.14 0.11 0.09 0.07 0.070
Earnings Stability 0.73 0.84 0.87 0.87 0.89 0.93 0.89 0.53 0.03 0.01 0.10 0.19 0.29 0.34 0.36 0.50 0.57 0.63 0.66 0.87 0.872
Margin Stability 0.93 0.94 0.92 0.89 0.91 0.92 0.89 0.85 0.82 0.81 0.81 0.80 0.79 0.80 0.82 0.83 0.81 0.76 0.74 0.72 0.719
Rev. Growth Consistency 0.50 0.50 1.00 1.00 1.00 1.00 1.00 1.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.50 0.50 0.50 0.50 0.500
Earn. Growth Consistency 1.00 1.00 1.00 1.00 1.00 1.00 1.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.50 0.50 0.50 0.00 0.00 0.00 0.000
FCF Positive Streak 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0
Earnings Persistence 0.87 0.89 0.97 0.99 0.99 0.99 0.97 0.93 0.81 0.50 0.50 0.50 0.50 0.95 0.90 0.81 0.50 0.99 0.97 0.20 0.200
Earnings Smoothness 0.72 0.76 0.92 0.98 0.98 0.99 0.93 0.82 0.38 0.02 0.00 0.00 0.22 0.87 0.78 0.61 0.50 0.99 0.93
ROE Trend 0.02 0.02 0.01 0.00 0.00 -0.00 -0.00 -0.04 -0.08 -0.10 -0.09 -0.09 -0.08 -0.06 -0.04 -0.02 0.00 -0.00 -0.00 -0.05 -0.051
Gross Margin Trend 0.02 0.00 -0.03 -0.04 -0.04 -0.03 -0.03 -0.04 -0.05 -0.06 -0.04 -0.03 -0.02 -0.01 -0.01 -0.01 -0.00 -0.00 -0.01 -0.01 -0.013
FCF Margin Trend -0.02 -0.08 -0.11 -0.11 -0.10 -0.08 -0.05 -0.08 -0.05 -0.01 0.01 0.11 0.09 0.11 0.10 0.06 0.06 0.01 -0.02 -0.05 -0.048
Sustainable Growth Rate 12.8% 13.2% 10.6% 11.0% 11.8% 12.0% 10.4% 7.8% 4.2% 1.8% 0.6% 0.4% 0.1% 1.0% 1.4% 1.8% 2.0% 0.9% 1.0%
Internal Growth Rate 7.8% 8.0% 6.1% 6.3% 6.8% 6.9% 5.5% 4.0% 2.1% 0.9% 0.3% 0.2% 0.1% 0.5% 0.7% 1.0% 1.0% 0.5% 0.5%
Cash Flow Quality
Metric Trend Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q4'22 Q1'23 Q2'23 Q3'23 Q4'23 Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Current
OCF/Net Income 1.37 0.76 0.52 0.44 0.57 0.82 1.09 0.93 2.00 3.67 4.35 7.60 6.04 3.55 3.22 2.27 1.88 3.45 3.15 -11.10 -11.101
FCF/OCF 0.28 -0.40 -1.70 -2.45 -1.91 -1.23 -0.88 -2.04 -1.10 -0.62 -0.49 0.31 0.24 0.71 0.78 0.70 0.68 0.21 -0.21 -0.12 -0.122
FCF/Net Income snapshot only 1.354
OCF/EBITDA snapshot only 0.769
CapEx/Revenue 7.0% 7.2% 8.3% 8.7% 9.4% 10.2% 10.9% 12.1% 12.9% 12.8% 11.2% 8.9% 7.3% 2.1% 1.7% 1.7% 1.5% 5.4% 7.7% 7.6% 7.56%
CapEx/Depreciation snapshot only 1.365
Accruals Ratio -0.03 0.02 0.03 0.04 0.03 0.01 -0.01 0.00 -0.04 -0.06 -0.06 -0.10 -0.07 -0.05 -0.05 -0.03 -0.02 -0.05 -0.04 -0.07 -0.074
Sloan Accruals snapshot only -0.034
Cash Flow Adequacy snapshot only 0.743
Dividends & Buybacks
Metric Trend Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q4'22 Q1'23 Q2'23 Q3'23 Q4'23 Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Current
Dividend Yield 1.0% 1.1% 1.0% 1.4% 1.3% 1.5% 1.3% 1.4% 1.5% 2.0% 1.6% 1.7% 1.8% 2.0% 2.4% 2.8% 2.8% 3.2% 3.2% 3.1% 3.00%
Dividend/Share $1.15 $1.18 $1.21 $1.24 $1.27 $1.30 $1.33 $1.36 $1.39 $1.42 $1.44 $1.44 $1.46 $1.47 $1.48 $1.49 $1.51 $1.52 $1.53 $1.54 $1.56
Payout Ratio 18.2% 18.1% 20.4% 20.2% 19.5% 19.5% 20.8% 26.3% 40.4% 62.4% 81.8% 87.3% 96.0% 73.5% 67.4% 60.9% 59.4% 76.8% 74.7%
FCF Payout Ratio 48.3% 36.7% 67.0% 29.0% 27.0% 38.6% 46.3% 1.1%
Total Payout Ratio 26.6% 30.4% 32.7% 38.5% 34.7% 34.1% 37.7% 39.0% 50.5% 67.6% 81.8% 87.3% 96.0% 73.5% 67.4% 60.9% 59.4% 76.8% 74.7%
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 0.12 0.12 0.12 0.12 0.11 0.11 0.10 0.10 0.10 0.11 0.09 0.08 0.07 0.05 0.06 0.06 0.06 0.06 0.06 0.06 0.063
Buyback Yield 0.5% 0.8% 0.6% 1.2% 1.1% 1.1% 1.1% 0.7% 0.4% 0.2% 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% 0.8% 0.6% 1.2% 1.0% 1.1% 1.1% 0.6% 0.3% 0.0% -0.1% -0.1% -0.1% -0.1% -0.1% -0.0% -0.0% -0.0% -0.0% -0.0% -0.03%
Total Shareholder Return 1.5% 1.9% 1.7% 2.6% 2.4% 2.6% 2.4% 2.0% 1.8% 2.0% 1.5% 1.6% 1.7% 1.9% 2.3% 2.8% 2.8% 3.2% 3.2% 3.1% 3.06%
DuPont Factors
Metric Trend Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q4'22 Q1'23 Q2'23 Q3'23 Q4'23 Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Current
Tax Burden (NI/EBT) 0.74 0.78 0.80 0.79 0.79 0.76 0.78 0.79 0.82 0.85 0.83 0.79 0.71 0.84 0.83 0.86 0.93 0.79 0.78 0.74 0.739
Interest Burden (EBT/EBIT) 0.97 0.96 0.96 0.95 0.90 0.89 0.95 0.95 0.99 0.92 0.75 0.75 0.76 0.85 0.85 0.83 0.80 0.74 0.68 -0.26 -0.255
EBIT Margin 0.10 0.09 0.08 0.08 0.08 0.08 0.07 0.06 0.04 0.03 0.03 0.03 0.03 0.03 0.03 0.04 0.03 0.03 0.04 0.03 0.032
Asset Turnover 1.26 1.34 1.23 1.30 1.38 1.44 1.23 1.22 1.15 1.08 0.97 0.93 0.92 0.91 0.93 0.95 0.97 0.99 1.00 1.01 1.005
Equity Multiplier 1.77 1.77 1.85 1.85 1.85 1.85 2.01 2.01 2.01 2.01 2.01 2.01 2.01 2.01 1.96 1.96 1.96 1.96 1.93 1.93 1.931
Per Share
Metric Trend Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q4'22 Q1'23 Q2'23 Q3'23 Q4'23 Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Current
EPS (Diluted TTM) $6.31 $6.51 $5.93 $6.13 $6.54 $6.66 $6.40 $5.15 $3.44 $2.28 $1.76 $1.65 $1.52 $2.00 $2.20 $2.45 $2.53 $1.98 $2.05 $-0.62 $-0.62
Book Value/Share $42.27 $42.50 $46.19 $46.37 $46.59 $46.64 $50.71 $50.71 $50.82 $50.85 $53.37 $53.01 $53.04 $53.07 $51.06 $51.11 $51.12 $51.12 $54.34 $54.35 $52.12
Tangible Book/Share $40.04 $40.25 $39.40 $39.55 $39.74 $39.78 $44.02 $44.02 $44.11 $44.14 $46.79 $46.47 $46.50 $46.52 $45.21 $45.26 $45.27 $45.26 $48.57 $48.58 $48.58
Revenue/Share $89.63 $96.07 $100.88 $107.20 $114.49 $119.65 $120.61 $119.57 $112.35 $105.57 $102.03 $96.99 $96.01 $95.40 $95.16 $97.08 $98.77 $100.66 $101.88 $102.38 $102.38
FCF/Share $2.37 $-1.96 $-5.26 $-6.66 $-7.09 $-6.71 $-6.12 $-9.73 $-7.56 $-5.15 $-3.75 $3.93 $2.17 $5.06 $5.49 $3.87 $3.25 $1.40 $-1.36 $-0.84 $-0.84
OCF/Share $8.63 $4.95 $3.10 $2.72 $3.71 $5.46 $6.99 $4.77 $6.90 $8.36 $7.67 $12.57 $9.16 $7.10 $7.07 $5.57 $4.77 $6.82 $6.46 $6.90 $6.90
Cash/Share $14.99 $15.07 $6.85 $6.87 $6.90 $6.91 $7.56 $7.56 $7.57 $7.58 $5.70 $5.66 $5.66 $5.66 $4.35 $4.35 $4.36 $4.35 $5.80 $5.80 $6.15
EBITDA/Share $12.47 $12.53 $11.63 $12.12 $13.13 $13.82 $12.80 $11.08 $8.60 $7.41 $7.44 $7.46 $7.57 $7.63 $8.00 $8.43 $8.54 $8.69 $9.36 $8.97 $8.97
Debt/Share $10.72 $10.78 $18.07 $18.14 $18.23 $18.24 $27.73 $27.73 $27.79 $27.81 $31.24 $31.03 $31.05 $31.07 $29.80 $29.83 $29.84 $29.83 $30.19 $30.19 $30.19
Net Debt/Share $-4.27 $-4.29 $11.23 $11.27 $11.32 $11.33 $20.18 $20.18 $20.22 $20.23 $25.55 $25.38 $25.39 $25.40 $25.45 $25.48 $25.48 $25.48 $24.39 $24.40 $24.40
Academic Models
Metric Trend Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q4'22 Q1'23 Q2'23 Q3'23 Q4'23 Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Current
Altman Z-Score 2.577
Altman Z-Prime snapshot only 3.607
Piotroski F-Score 6 6 5 5 5 6 6 5 5 5 5 5 5 5 4 6 6 5 7 6 6
Beneish M-Score -2.07 -1.69 -1.36 -1.53 -1.66 -1.87 -2.31 -2.19 -2.25 -2.46 -2.97 -3.17 -3.02 -2.91 -2.71 -2.69 -2.64 -2.68 -2.60 -2.63 -2.628
Ohlson O-Score snapshot only -7.037
ROIC (Greenblatt) snapshot only 5.12%
Net-Net WC snapshot only $-11.13
EVA snapshot only $-135278290.10
Credit
Metric Trend Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q4'22 Q1'23 Q2'23 Q3'23 Q4'23 Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Current
Credit Rating snapshot only BBB-
Credit Score 92.04 84.98 80.03 75.25 76.86 77.57 70.42 68.69 63.26 56.43 57.87 57.41 55.95 56.16 57.02 56.92 53.35 52.05 52.82 52.75 52.754
Credit Grade snapshot only 10
Credit Trend snapshot only -4.165
Implied Spread (bps) snapshot only 350.000
Industry Credit Rank snapshot only 40
Sector Credit Rank snapshot only 45

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