— Know what they know.
Not Investment Advice

STE NYSE

STERIS plc
1W: -0.2% 1M: -9.2% 3M: -2.2% YTD: -16.4% 1Y: -13.4% 3Y: -2.2% 5Y: -1.4%
$208.54
-0.80 (-0.38%)
 
Weekly Expected Move ±2.3%
$199 $204 $208 $213 $218
NYSE · Healthcare · Medical - Specialties · Tech Score Strong Sell · Power 40 · $20.3B mcap · 97M float · 0.761% daily turnover · Short 65% 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
57.8 / 100
NoneWeakNarrowWide
Primary source: Efficient Scale  ·  ROIC: 9.4%  ·  5Y Avg: 5.2%
Cost Advantage
79
Intangibles
31
Switching Cost
50
Network Effect
60
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. STE has a Narrow competitive edge (57.8/100) — meaningful but not impregnable advantages over competitors. The primary source of advantage is Efficient Scale. ROIC of 9.4% 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
$275
Avg Target
$275
High
Based on 3 analyst ratings (12 mo)
Analyst Recommendations
Strong Buy: 0Buy: 12Hold: 2Sell: 0Strong Sell: 0
Rating Summary
ConsensusBuy
Avg Target$275.00
Analysts1
Price Target Change History
DateFirmAnalystOldNewChangeUpside @ CallStock@Call
2026-07-28 UBS Patrick Wood Initiated $275 — +25.9% $218.40
2026-05-21 Piper Sandler Jason Bednar $260 $270 +10 +24.9% $216.18
2026-05-13 KeyBanc Brett Fishbin $265 $269 +4 +27.6% $210.85
2024-10-23 Piper Sandler Jason Bednar $225 $260 +35 +17.6% $221.15
2024-09-03 KeyBanc Brett Fishbin Initiated $265 — +9.9% $241.10
2024-05-10 Piper Sandler Jason Bednar Initiated $225 — -0.4% $225.94
2024-04-04 Wolfe Research Mike Polark Initiated $245 — +13.1% $216.65

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
5
ROE
4
ROA
5
D/E
1
P/E
2
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. STE receives an overall rating of B+. Strongest factors: DCF (5/5), ROE (4/5), ROA (5/5). Areas of concern: D/E (1/5), P/E (2/5), P/B (2/5).
Rating Change History
DateFromTo
2026-10-01 A- B+
2026-08-31 B+ A-
2026-08-20 A- B+
2026-08-11 A A-
2026-08-06 A- A
2026-05-11 B+ A-
2026-05-04 B B+
2026-02-24 B+ B
2026-02-12 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.

★ ★ ★ ★ ★ 72 Grade A+
Profitability
53
Balance Sheet
73
Earnings Quality
71
Growth
63
Value
58
Momentum
90
Safety
100
Cash Flow
71
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. STE scores highest in Safety (100/100) and lowest in Profitability (53/100). An overall grade of A+ places STE among the highest-quality companies in its peer group.

Risk & Quality Signals

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

Altman Z-Score
5.11
Safe Zone
Piotroski F-Score
9/9
✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓
Beneish M-Score
-2.69
Unlikely Manipulator
Ohlson O-Score
-9.79
Bankruptcy prob: 0.0%
Low Risk
Credit Rating
AA+
Score: 90.4/100
Trend: Improving
Earnings Quality
75/100
OCF/NI: 1.71x
Accruals: -5.4%
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. STE scores 5.11, 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. STE scores 9/9, signaling strong financial health across all three dimensions. The Beneish M-Score (1999) is an 8-variable model that detects earnings manipulation by comparing year-over-year changes in receivables, gross margins, asset quality, sales growth, depreciation, SG&A, leverage, and accruals. Scores above −1.78 statistically resemble past manipulators. STE's score of -2.69 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. STE'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. STE receives an estimated rating of AA+ (score: 90.4/100), 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). STE's score of 75/100 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
25.43x
PEG
1.02x
P/S
3.37x
P/B
2.82x
P/FCF
22.38x
P/OCF
16.22x
EV/EBITDA
12.80x
EV/Revenue
3.94x
EV/EBIT
21.19x
EV/FCF
24.07x
Earnings Yield
3.60%
FCF Yield
4.47%
Shareholder Yield
2.19%
Graham Number
$114.28
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 25.4x earnings, STE commands a growth premium. Graham's intrinsic value formula yields $114.28 per share, 82% 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
0.747
NI / EBT
×
Interest Burden
0.948
EBT / EBIT
×
EBIT Margin
0.186
EBIT / Rev
×
Asset Turnover
0.568
Rev / Assets
×
Equity Multiplier
1.515
Assets / Equity
=
ROE
11.3%
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. STE's ROE of 11.3% is driven by Asset Turnover (0.568), 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.

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
15.00%
Fair P/E
38.50x
Intrinsic Value
$306.12
Price/Value
0.72x
Margin of Safety
27.76%
Premium
-27.76%
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 STE's realized 15.0% 3-year EPS CAGR, capped at 15% — demonstrated performance rather than forecasts, held to a rate companies have historically sustained. STE actually compounded EPS at 94.8% over three years; the model uses 15%, the highest rate it will extrapolate — of 4,457 company-quarters that grew faster than 200%, none sustained it over the following seven years. STE trades at a -28% premium to its adjusted intrinsic value of $306.12, suggesting the market is pricing in future growth beyond what historical earnings support. The adjusted fair P/E of 38.5x compares to the current market P/E of 25.4x.

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
$208.48
Median 1Y
$211.64
5th Pctile
$134.17
95th Pctile
$333.76
Ann. Volatility
27.6%
Analyst Target
$275.00
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
Daniel A. Carestio
President and CEO
$1,095,707 $4,333,951 $11,508,522
Karen L. Burton
Senior Vice President and Chief Financial Officer
$530,762 $1,042,037 $3,192,417
J. Adam Zangerle
Senior Vice President, General Counsel, and Company Secretary
$570,417 $913,947 $2,954,465
Cary L. Majors
Senior Vice President and President, Healthcare
$537,115 $711,010 $2,450,424
Michael J. Tokich
Senior Financial Advisor
$511,409 $540,923 $2,229,993
Mary Clare Fraser
Senior Vice President and Chief Human Resources Officer
$461,615 $609,542 $2,073,722

CEO Pay Ratio

147:1
CEO-to-Employee Pay Ratio
CEO Total Comp: $11,508,522
Avg Employee Cost (SGA/emp): $78,480
Employees: 17,937

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
17,937
+0.8% YoY
Revenue / Employee
$330,930
Rev: $5,935,900,000
Profit / Employee
$43,770
NI: $785,100,000
SGA / Employee
$78,480
Avg labor cost proxy
R&D / Employee
$6,294
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 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 Q3'26 Q4'26 Current
ROE 5.7% 4.9% 5.3% 4.7% 5.8% -0.1% -0.4% 1.7% 1.9% 9.2% 9.1% 6.1% 6.4% 6.8% 7.3% 9.5% 9.7% 10.1% 10.4% 11.3% 11.35%
ROA 3.3% 2.9% 3.1% 2.7% 3.2% -0.1% -0.2% 1.0% 1.1% 5.1% 5.1% 3.5% 3.8% 4.0% 4.4% 5.8% 6.3% 6.7% 6.9% 7.5% 7.49%
ROIC 3.4% 3.2% 3.6% 3.5% 4.8% -0.3% -1.3% 2.0% 2.2% 7.0% 7.2% 7.1% 7.8% 7.8% 8.2% 7.7% 8.1% 8.5% 8.6% 9.4% 9.35%
ROCE 3.9% 3.7% 4.3% 3.8% 5.5% 1.6% 1.4% 2.7% 3.1% 7.8% 8.0% 8.6% 9.5% 9.5% 10.1% 9.7% 9.8% 10.3% 10.3% 11.5% 11.52%
Gross Margin 44.0% 40.1% 44.5% 47.2% 44.8% 44.3% 42.9% 42.5% 44.7% 44.1% 43.2% 40.2% 44.7% 43.6% 44.5% 43.3% 45.1% 44.2% 43.8% 43.9% 43.89%
Operating Margin 1.5% 9.7% 16.8% 7.6% 13.7% -25.5% 15.7% 16.3% 16.7% 15.5% 17.5% 22.0% 14.5% 16.5% 17.9% 14.6% 17.7% 18.4% 18.1% 19.9% 19.94%
Net Margin -2.3% 5.8% 11.9% 4.3% 9.6% -26.3% 10.2% 13.5% 10.4% 9.3% 10.8% -0.1% 11.4% 11.3% 12.7% 9.8% 12.8% 13.1% 12.9% 13.9% 13.87%
EBITDA Margin 7.9% 19.3% 26.7% 27.0% 25.7% -14.4% 27.0% 26.5% 28.5% 27.9% 28.4% 34.6% 24.9% 24.8% 27.3% 22.7% 26.4% 26.7% 26.1% 42.8% 42.82%
FCF Margin 12.4% 10.4% 9.7% 8.7% 9.9% 8.3% 7.3% 8.0% 9.9% 10.7% 11.6% 12.7% 12.0% 13.5% 14.7% 14.3% 16.3% 16.9% 15.7% 16.4% 16.38%
OCF Margin 19.2% 17.2% 16.5% 14.9% 17.2% 15.7% 14.9% 15.3% 16.2% 16.9% 18.3% 20.1% 20.2% 21.9% 22.4% 21.0% 22.7% 22.8% 21.7% 22.6% 22.60%
ROE 3Y Avg snapshot only 8.73%
ROE 5Y Avg snapshot only 6.34%
ROA 3Y Avg snapshot only 5.59%
ROIC 3Y Avg snapshot only 6.19%
ROIC Economic snapshot only 9.02%
Cash ROA snapshot only 12.49%
Cash ROIC snapshot only 15.19%
CROIC snapshot only 11.01%
NOPAT Margin snapshot only 13.91%
Pretax Margin snapshot only 17.64%
R&D / Revenue snapshot only 1.90%
SGA / Revenue snapshot only 23.72%
SBC / Revenue snapshot only 1.04%
Valuation
Metric Trend 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 Q3'26 Q4'26 Current
P/E Ratio 62.93 79.05 84.64 96.35 53.22 -1977.89 -643.19 173.26 182.60 38.79 37.79 57.75 53.72 54.64 43.06 36.15 36.52 35.42 35.39 27.81 25.432
P/S Ratio 5.28 5.14 5.56 5.12 4.20 3.37 3.76 3.74 4.37 4.25 4.20 4.52 4.36 4.73 3.95 4.07 4.24 4.28 4.30 3.67 3.366
P/B Ratio 2.74 3.02 3.57 3.60 3.13 2.77 2.98 3.05 3.53 3.45 3.34 3.47 3.38 3.60 3.14 3.36 3.39 3.48 3.49 3.03 2.824
P/FCF 42.43 49.34 57.38 59.15 42.50 40.37 51.44 46.95 44.13 39.84 36.06 35.63 36.18 34.93 26.80 28.56 25.98 25.37 27.31 22.38 22.377
P/OCF 27.56 29.83 33.70 34.31 24.49 21.42 25.20 24.50 27.02 25.14 22.93 22.44 21.58 21.59 17.63 19.35 18.68 18.74 19.77 16.22 16.221
EV/EBITDA 31.09 32.02 31.98 27.61 19.46 24.58 26.85 26.29 28.69 17.96 17.43 17.41 16.76 18.52 15.84 17.85 18.05 17.80 17.97 12.80 12.803
EV/Revenue 6.25 5.98 6.30 5.76 4.80 3.99 4.38 4.35 4.96 4.93 4.85 5.17 4.82 5.17 4.38 4.44 4.56 4.58 4.58 3.94 3.943
EV/EBIT 49.39 57.34 58.37 65.41 40.25 126.44 154.09 80.48 79.96 30.63 29.24 28.69 27.07 28.87 24.25 27.48 27.47 26.71 26.69 21.19 21.190
EV/FCF 50.22 57.49 65.00 66.53 48.57 47.76 60.01 54.64 50.04 46.23 41.64 40.82 40.03 38.21 29.68 31.17 27.95 27.18 29.09 24.07 24.071
Earnings Yield 1.6% 1.3% 1.2% 1.0% 1.9% -0.1% -0.2% 0.6% 0.5% 2.6% 2.6% 1.7% 1.9% 1.8% 2.3% 2.8% 2.7% 2.8% 2.8% 3.6% 3.60%
FCF Yield 2.4% 2.0% 1.7% 1.7% 2.4% 2.5% 1.9% 2.1% 2.3% 2.5% 2.8% 2.8% 2.8% 2.9% 3.7% 3.5% 3.8% 3.9% 3.7% 4.5% 4.47%
PEG Ratio snapshot only 1.017
Price/Tangible Book snapshot only 15.897
EV/OCF snapshot only 17.449
EV/Gross Profit snapshot only 8.912
Acquirers Multiple snapshot only 21.244
Shareholder Yield snapshot only 2.19%
Graham Number snapshot only $114.28
Leverage & Solvency
Metric Trend 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 Q3'26 Q4'26 Current
Current Ratio 1.75 2.42 2.13 2.04 2.03 2.16 2.48 2.33 2.29 2.49 2.43 3.08 2.33 2.41 2.13 1.96 2.22 2.37 2.48 2.09 2.091
Quick Ratio 1.24 1.71 1.47 1.41 1.35 1.42 1.61 1.63 1.42 1.55 1.49 2.36 1.49 1.55 1.40 1.39 1.53 1.63 1.75 1.54 1.540
Debt/Equity 0.58 0.56 0.53 0.50 0.50 0.55 0.54 0.53 0.51 0.59 0.55 0.54 0.39 0.36 0.36 0.33 0.30 0.29 0.29 0.29 0.291
Net Debt/Equity 0.50 0.50 0.47 0.45 0.45 0.51 0.50 0.50 0.47 0.55 0.52 0.50 0.36 0.34 0.34 0.31 0.26 0.25 0.23 0.23 0.229
Debt/Assets 0.32 0.31 0.30 0.29 0.28 0.31 0.30 0.30 0.29 0.32 0.31 0.31 0.25 0.23 0.23 0.22 0.20 0.20 0.19 0.19 0.194
Debt/EBITDA 5.60 5.07 4.18 3.43 2.70 4.13 4.17 3.96 3.63 2.64 2.47 2.35 1.75 1.71 1.65 1.62 1.47 1.40 1.38 1.14 1.142
Net Debt/EBITDA 4.82 4.54 3.75 3.06 2.43 3.80 3.83 3.70 3.38 2.48 2.34 2.21 1.61 1.59 1.54 1.49 1.27 1.19 1.10 0.90 0.901
Interest Coverage 8.71 6.29 5.88 4.51 6.24 1.59 1.33 2.42 2.58 6.21 6.11 6.04 6.17 7.20 8.74 10.23 12.88 14.60 15.94 18.20 18.198
Equity Multiplier 1.84 1.80 1.77 1.75 1.75 1.81 1.79 1.78 1.75 1.83 1.78 1.76 1.59 1.55 1.56 1.54 1.50 1.49 1.48 1.49 1.495
Cash Ratio snapshot only 0.384
Debt Service Coverage snapshot only 30.119
Cash to Debt snapshot only 0.211
FCF to Debt snapshot only 0.466
Defensive Interval snapshot only 366.8 days
Efficiency & Turnover
Metric Trend 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 Q3'26 Q4'26 Current
Asset Turnover 0.39 0.45 0.46 0.51 0.41 0.43 0.43 0.45 0.45 0.46 0.46 0.44 0.47 0.47 0.48 0.51 0.54 0.55 0.57 0.57 0.568
Inventory Turnover 4.42 5.25 5.45 5.77 4.39 4.33 4.10 4.74 4.05 3.87 3.72 4.30 3.82 3.79 3.83 4.87 4.65 4.72 4.92 5.46 5.456
Receivables Turnover 5.47 6.08 6.49 6.51 6.33 6.19 6.07 5.96 6.04 5.84 5.71 5.16 5.54 5.39 5.42 5.32 6.06 6.10 6.12 5.56 5.556
Payables Turnover 10.52 12.86 14.18 13.42 11.56 11.56 11.74 11.42 11.49 10.77 11.10 10.67 11.39 10.83 11.20 11.48 11.69 11.68 12.45 10.68 10.683
DSO 67 60 56 56 58 59 60 61 60 63 64 71 66 68 67 69 60 60 60 66 65.7 days
DIO 83 70 67 63 83 84 89 77 90 94 98 85 95 96 95 75 79 77 74 67 66.9 days
DPO 35 28 26 27 32 32 31 32 32 34 33 34 32 34 33 32 31 31 29 34 34.2 days
Cash Conversion Cycle 115 101 97 92 109 112 118 106 119 123 129 121 129 130 130 112 108 106 104 98 98.4 days
Fixed Asset Turnover snapshot only 2.563
Operating Cycle snapshot only 132.6 days
Cash Velocity snapshot only 13.503
Capital Intensity snapshot only 1.809
Growth (YoY)
Metric Trend 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 Q3'26 Q4'26 Current
Revenue 13.5% 27.3% 39.0% 47.5% 40.1% 24.1% 12.6% 8.1% 4.4% 5.1% 6.7% -2.5% -1.1% -0.0% -0.2% 12.9% 13.0% 13.5% 14.4% 8.7% 8.73%
Net Income -30.4% -40.8% -35.4% -38.4% 31.8% -1.0% -1.1% -56.1% -68.3% 68.6% 21.3% 2.5% 2.4% -20.9% -17.5% 62.5% 61.6% 58.3% 51.4% 27.3% 27.29%
EPS -34.5% -49.5% -44.9% -47.4% 19.1% -1.0% -1.1% -55.6% -67.9% 68.9% 21.5% 2.6% 2.3% -20.8% -17.2% 62.7% 62.6% 59.0% 51.6% 27.8% 27.75%
FCF 10.5% 0.2% -13.4% -11.8% 11.3% -0.4% -15.2% -0.6% 4.6% 34.3% 70.1% 55.2% 20.3% 27.0% 26.5% 26.9% 53.0% 41.3% 22.1% 25.0% 24.99%
EBITDA -8.2% -6.1% 7.6% 23.4% 71.9% 7.8% -6.7% -14.2% -26.9% 77.9% 81.8% 75.0% 64.8% 1.8% -0.8% -5.5% -0.8% 4.6% 5.5% 34.6% 34.56%
Op. Income -17.3% -23.9% -14.6% -22.6% 27.0% -65.4% -71.9% -37.0% -46.0% 4.5% 5.2% 2.2% 1.8% 8.9% 6.5% 0.7% 9.2% 11.2% 11.8% 27.1% 27.14%
OCF Growth snapshot only 16.84%
Asset Growth snapshot only 5.82%
Equity Growth snapshot only 8.79%
Debt Growth snapshot only -5.24%
Shares Change snapshot only -0.36%
Dividend Growth snapshot only 10.37%
Growth (CAGR)
Metric Trend 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 Q3'26 Q4'26 Current
Revenue 3Y 8.7% 12.6% 15.9% 18.1% 18.9% 18.1% 17.1% 17.8% 18.4% 18.4% 18.6% 15.9% 13.1% 9.3% 6.2% 6.0% 5.3% 6.1% 6.8% 6.2% 6.19%
Revenue 5Y 6.9% 8.2% 10.1% 11.9% 13.1% 13.2% 13.1% 13.6% 13.5% 13.3% 13.3% 11.7% 11.7% 11.6% 11.4% 12.5% 13.2% 13.5% 13.8% 13.8% 13.82%
EPS 3Y -3.9% -12.4% -4.2% -12.1% 0.2% — — -39.1% -37.0% 4.0% 4.4% -6.0% 8.6% 20.9% 19.5% 37.0% 20.5% — — 94.8% 94.84%
EPS 5Y 15.1% 5.2% 10.7% 13.5% 21.8% — — -20.6% -19.4% 8.4% 12.6% 1.5% 1.6% 2.3% 0.6% 5.5% 6.4% 7.2% 7.4% 11.6% 11.55%
Net Income 3Y -1.9% -7.5% 1.2% -7.1% 5.8% — — -36.0% -33.8% 9.2% 9.5% -1.5% 11.8% 20.3% 18.8% 36.1% 19.7% — — 94.1% 94.08%
Net Income 5Y 16.2% 8.5% 14.5% 17.3% 25.8% — — -18.1% -17.0% 11.7% 16.1% 4.5% 4.7% 5.3% 3.5% 8.6% 9.5% 10.3% 10.4% 14.6% 14.59%
EBITDA 3Y 4.8% 6.1% 11.4% 14.3% 21.5% 4.4% 2.6% 3.7% 4.9% 21.6% 22.2% 22.8% 27.5% 25.0% 18.9% 12.4% 6.1% 23.7% 23.9% 30.6% 30.58%
EBITDA 5Y 10.3% 7.9% 12.8% 18.1% 22.9% 11.7% 7.8% 7.1% 7.7% 18.0% 18.6% 17.5% 16.7% 15.6% 14.3% 13.0% 13.5% 13.9% 13.8% 18.7% 18.70%
Gross Profit 3Y 10.3% 13.3% 17.2% 19.7% 20.3% 20.1% 18.4% 17.8% 18.6% 18.5% 18.8% 15.7% 12.8% 9.7% 6.6% 6.0% 5.3% 5.4% 6.2% 6.7% 6.74%
Gross Profit 5Y 9.3% 10.5% 12.6% 14.5% 15.1% 15.3% 14.7% 14.6% 14.4% 14.2% 14.4% 12.1% 11.9% 11.6% 11.4% 12.7% 13.6% 14.0% 14.1% 14.3% 14.32%
Op. Income 3Y 3.1% 0.5% 7.7% 1.1% 10.1% -31.0% -36.3% -20.7% -17.2% 13.1% 14.4% 16.1% 23.7% 27.4% 23.1% 26.7% 17.6% 88.0% 95.2% 60.2% 60.16%
Op. Income 5Y 13.1% 8.0% 12.3% 13.3% 18.9% -11.4% -17.2% -7.7% -5.6% 14.0% 17.0% 15.9% 14.7% 14.4% 11.5% 10.0% 11.3% 11.8% 12.2% 14.9% 14.90%
FCF 3Y 9.7% 8.4% 8.2% 4.3% 12.0% 4.7% 0.9% 1.7% 8.8% 10.3% 7.7% 10.8% 11.9% 19.3% 22.2% 25.1% 24.4% 34.1% 38.0% 35.0% 35.03%
FCF 5Y 22.2% 14.5% 7.8% 9.6% 13.5% 7.4% 3.9% 6.2% 9.0% 11.2% 12.8% 11.9% 12.1% 14.4% 17.2% 15.7% 18.8% 19.2% 14.0% 16.6% 16.64%
OCF 3Y 11.0% 12.4% 12.6% 8.3% 14.3% 9.5% 7.7% 8.6% 9.4% 10.6% 10.0% 12.2% 15.1% 18.4% 17.7% 18.8% 15.6% 20.1% 21.1% 21.0% 21.01%
OCF 5Y 17.3% 12.7% 9.8% 10.1% 14.1% 10.7% 9.0% 10.6% 11.0% 12.7% 13.8% 12.5% 12.7% 14.0% 14.9% 14.2% 15.5% 15.7% 12.6% 14.2% 14.23%
Assets 3Y 33.8% 32.8% 32.7% 31.1% 28.9% 26.5% 26.5% 25.8% 26.2% 27.1% 20.2% 18.9% -5.8% -4.5% -5.0% -3.9% -2.4% -0.3% -0.6% -0.3% -0.26%
Assets 5Y 18.0% 17.7% 19.1% 18.3% 17.2% 15.4% 15.9% 15.8% 16.4% 17.6% 18.0% 16.9% 14.1% 14.6% 13.4% 13.3% 14.2% 13.6% 10.0% 10.3% 10.31%
Equity 3Y 28.7% 28.0% 28.7% 27.1% 25.6% 21.6% 21.3% 21.3% 21.1% 19.2% 18.4% 17.5% -1.1% 0.3% -1.0% 0.4% 2.8% 6.5% 5.9% 5.7% 5.73%
Book Value 3Y 26.0% 21.2% 21.7% 20.3% 18.9% 15.5% 15.1% 15.4% 15.3% 13.5% 12.8% 12.2% -4.0% 0.8% -0.4% 1.0% 3.4% 6.9% 6.4% 6.2% 6.15%
Dividend 3Y 0.7% -1.3% -0.1% 1.1% 2.3% 1.3% -0.1% -1.1% -2.1% -2.1% -2.0% -1.6% 0.2% 3.7% 3.9% 3.8% 3.7% 3.5% 3.6% 3.6% 3.63%
Growth Quality
Metric Trend 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 Q3'26 Q4'26 Current
Revenue Stability 0.92 0.72 0.66 0.65 0.73 0.82 0.84 0.83 0.86 0.92 0.92 0.84 0.86 0.92 0.92 0.88 0.86 0.89 0.91 0.92 0.919
Earnings Stability 0.60 0.41 0.49 0.28 0.49 0.09 0.18 0.29 0.21 0.00 0.00 0.10 0.03 0.03 0.01 0.07 0.15 0.29 0.28 0.52 0.523
Margin Stability 0.96 0.95 0.95 0.96 0.97 0.97 0.98 0.98 0.98 0.97 0.97 0.99 0.99 0.98 0.98 0.99 0.99 0.98 0.99 0.99 0.989
Rev. Growth Consistency 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 0.00 0.00 0.00 0.00 0.50 0.50 0.50 0.50 1.00 1.000
Earn. Growth Consistency 0.00 0.00 0.00 0.00 0.50 0.00 0.00 0.00 0.00 0.50 0.50 0.50 0.50 0.00 0.00 1.00 1.00 0.50 0.50 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 0.88 0.84 0.86 0.85 0.87 0.20 0.20 0.50 0.50 0.20 0.20 0.50 0.50 0.50 0.50 0.50 0.50 0.50 0.50 0.89 0.891
Earnings Smoothness 0.64 0.49 0.57 0.52 0.73 — — 0.22 0.00 — — 0.00 0.00 0.77 0.81 0.52 0.53 0.55 0.59 0.76 0.760
ROE Trend -0.06 -0.07 -0.07 -0.07 -0.02 -0.08 -0.08 -0.05 -0.03 0.07 0.07 0.03 0.02 0.02 0.03 0.05 0.05 0.02 0.02 0.03 0.032
Gross Margin Trend 0.01 -0.01 -0.00 0.01 0.01 0.02 0.02 -0.00 -0.00 -0.00 -0.00 -0.01 -0.01 -0.01 -0.01 0.01 0.01 0.01 0.01 0.01 0.007
FCF Margin Trend 0.00 -0.02 -0.04 -0.05 -0.03 -0.03 -0.05 -0.04 -0.01 0.01 0.03 0.04 0.02 0.04 0.05 0.04 0.05 0.05 0.03 0.03 0.029
Sustainable Growth Rate 3.0% 2.1% 2.4% 1.6% 3.2% — — -1.2% -1.1% 6.0% 6.0% 2.9% 3.1% 3.5% 3.9% 6.1% 6.3% 6.7% 6.9% 7.8% 7.84%
Internal Growth Rate 1.7% 1.2% 1.4% 0.9% 1.8% — — — — 3.4% 3.5% 1.7% 1.9% 2.1% 2.4% 3.9% 4.3% 4.6% 4.8% 5.5% 5.46%
Cash Flow Quality
Metric Trend 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 Q3'26 Q4'26 Current
OCF/Net Income 2.28 2.65 2.51 2.81 2.17 -92.35 -25.52 7.07 6.76 1.54 1.65 2.57 2.49 2.53 2.44 1.87 1.96 1.89 1.79 1.71 1.714
FCF/OCF 0.65 0.60 0.59 0.58 0.58 0.53 0.49 0.52 0.61 0.63 0.64 0.63 0.60 0.62 0.66 0.68 0.72 0.74 0.72 0.72 0.725
FCF/Net Income snapshot only 1.243
OCF/EBITDA snapshot only 0.734
CapEx/Revenue 6.7% 6.8% 6.8% 6.3% 7.3% 7.4% 7.6% 7.3% 6.3% 6.2% 6.7% 7.5% 8.1% 8.4% 7.7% 6.8% 6.4% 6.0% 6.0% 6.2% 6.22%
CapEx/Depreciation snapshot only 0.510
Accruals Ratio -0.04 -0.05 -0.05 -0.05 -0.04 -0.07 -0.07 -0.06 -0.06 -0.03 -0.03 -0.05 -0.06 -0.06 -0.06 -0.05 -0.06 -0.06 -0.05 -0.05 -0.054
Sloan Accruals snapshot only -0.043
Cash Flow Adequacy snapshot only 2.196
Earnings Quality Score snapshot only 0.750
Dividends & Buybacks
Metric Trend 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 Q3'26 Q4'26 Current
Dividend Yield 0.8% 0.7% 0.7% 0.7% 0.9% 1.1% 1.0% 1.0% 0.9% 0.9% 0.9% 0.9% 1.0% 0.9% 1.1% 1.0% 1.0% 0.9% 0.9% 1.1% 1.24%
Dividend/Share $1.50 $1.44 $1.53 $1.62 $1.71 $1.76 $1.80 $1.84 $1.88 $1.92 $1.97 $2.03 $2.07 $2.12 $2.18 $2.23 $2.27 $2.33 $2.39 $2.46 $2.58
Payout Ratio 47.7% 58.2% 55.3% 66.9% 45.6% — — 1.7% 1.6% 34.8% 34.5% 53.0% 51.4% 48.4% 46.0% 35.8% 34.7% 33.4% 33.3% 30.9% 30.90%
FCF Payout Ratio 32.2% 36.3% 37.5% 41.1% 36.4% 44.2% 51.5% 46.5% 37.9% 35.7% 33.0% 32.7% 34.6% 30.9% 28.6% 28.3% 24.7% 24.0% 25.7% 24.9% 24.87%
Total Payout Ratio 51.6% 68.2% 65.2% 89.8% 64.1% — — 4.6% 4.0% 79.9% 63.8% 56.1% 68.2% 74.4% 91.2% 70.2% 59.1% 64.2% 56.2% 61.0% 61.00%
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 0.09 0.14 0.18 0.23 0.27 0.22 0.18 0.13 0.10 0.10 0.10 0.10 0.11 0.11 0.11 0.11 0.10 0.10 0.11 0.11 0.111
Buyback Yield 0.1% 0.1% 0.1% 0.2% 0.3% 0.6% 1.0% 1.7% 1.3% 1.2% 0.8% 0.1% 0.3% 0.5% 1.0% 1.0% 0.7% 0.9% 0.6% 1.1% 1.08%
Net Buyback Yield 0.1% 0.1% 0.1% 0.2% 0.3% 0.6% 1.0% 1.7% 1.3% 1.2% 0.8% 0.1% 0.3% 0.5% 1.0% 1.0% 0.6% 0.8% 0.5% 0.9% 0.93%
Total Shareholder Return 0.8% 0.9% 0.8% 0.9% 1.2% 1.7% 2.0% 2.7% 2.2% 2.1% 1.7% 1.0% 1.3% 1.4% 2.1% 1.9% 1.6% 1.7% 1.5% 2.0% 2.04%
DuPont Factors
Metric Trend 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 Q3'26 Q4'26 Current
Tax Burden (NI/EBT) 0.75 0.74 0.73 0.78 0.79 -0.15 -0.83 0.68 0.63 0.81 0.80 0.52 0.54 0.56 0.57 0.77 0.76 0.76 0.75 0.75 0.747
Interest Burden (EBT/EBIT) 0.89 0.84 0.83 0.78 0.84 0.37 0.25 0.59 0.61 0.84 0.84 0.83 0.84 0.86 0.89 0.90 0.92 0.93 0.94 0.95 0.948
EBIT Margin 0.13 0.10 0.11 0.09 0.12 0.03 0.03 0.05 0.06 0.16 0.17 0.18 0.18 0.18 0.18 0.16 0.17 0.17 0.17 0.19 0.186
Asset Turnover 0.39 0.45 0.46 0.51 0.41 0.43 0.43 0.45 0.45 0.46 0.46 0.44 0.47 0.47 0.48 0.51 0.54 0.55 0.57 0.57 0.568
Equity Multiplier 1.74 1.69 1.74 1.73 1.79 1.80 1.78 1.76 1.75 1.82 1.79 1.77 1.67 1.69 1.67 1.64 1.54 1.52 1.52 1.51 1.515
Per Share
Metric Trend 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 Q3'26 Q4'26 Current
EPS (Diluted TTM) $3.14 $2.48 $2.77 $2.42 $3.74 $-0.08 $-0.28 $1.07 $1.20 $5.53 $5.71 $3.83 $4.03 $4.38 $4.73 $6.22 $6.54 $6.97 $7.16 $7.95 $7.95
Book Value/Share $72.25 $64.91 $65.57 $64.81 $63.62 $58.04 $60.28 $61.04 $62.16 $62.15 $64.57 $63.75 $63.94 $66.46 $64.85 $66.87 $70.41 $70.94 $72.55 $73.00 $73.99
Tangible Book/Share $-19.35 $-15.41 $-13.69 $-11.91 $-10.99 $-9.81 $-8.45 $1.22 $-5.88 $-9.25 $-6.88 $1.13 $2.50 $4.42 $4.54 $6.62 $9.28 $10.57 $12.60 $13.91 $13.91
Revenue/Share $37.44 $38.22 $42.13 $45.49 $47.39 $47.78 $47.76 $49.79 $50.23 $50.52 $51.37 $48.92 $49.63 $50.63 $51.50 $55.28 $56.39 $57.72 $58.99 $60.32 $61.86
FCF/Share $4.66 $3.98 $4.08 $3.94 $4.69 $3.99 $3.49 $3.97 $4.97 $5.39 $5.98 $6.20 $5.98 $6.86 $7.59 $7.88 $9.20 $9.73 $9.28 $9.88 $9.48
OCF/Share $7.18 $6.58 $6.95 $6.79 $8.13 $7.52 $7.12 $7.60 $8.13 $8.54 $9.40 $9.85 $10.02 $11.09 $11.54 $11.63 $12.80 $13.17 $12.82 $13.63 $13.20
Cash/Share $5.88 $3.81 $3.56 $3.46 $3.14 $2.58 $2.59 $2.09 $2.10 $2.15 $1.97 $2.09 $2.00 $1.74 $1.57 $1.74 $2.83 $3.23 $4.29 $4.47 $4.94
EBITDA/Share $7.53 $7.14 $8.30 $9.50 $11.70 $7.75 $7.79 $8.25 $8.67 $13.87 $14.28 $14.54 $14.27 $14.15 $14.23 $13.76 $14.25 $14.85 $15.03 $18.58 $18.58
Debt/Share $42.18 $36.19 $34.70 $32.54 $31.60 $32.03 $32.47 $32.62 $31.47 $36.55 $35.32 $34.22 $25.00 $24.19 $23.45 $22.30 $20.94 $20.84 $20.79 $21.21 $21.21
Net Debt/Share $36.31 $32.38 $31.14 $29.08 $28.46 $29.45 $29.88 $30.53 $29.36 $34.40 $33.35 $32.13 $23.01 $22.45 $21.88 $20.56 $18.11 $17.61 $16.50 $16.74 $16.74
Per Employee
Metric Trend 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 Q3'26 Q4'26 Current
Employee Count snapshot only 17,937
Revenue/Employee snapshot only $330930.48
Income/Employee snapshot only $43619.33
EBITDA/Employee snapshot only $101923.40
FCF/Employee snapshot only $54211.96
Assets/Employee snapshot only $598606.23
Market Cap/Employee snapshot only $1213089.81
Academic Models
Metric Trend 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 Q3'26 Q4'26 Current
Altman Z-Score — — — — — — — — — — — — — — — — — — — — 5.113
Altman Z-Prime snapshot only 8.824
Piotroski F-Score 4 3 5 5 8 6 5 6 6 7 7 6 8 6 7 8 8 8 8 9 9
Beneish M-Score -2.06 -1.89 -2.15 -2.30 -2.62 -2.90 -2.74 -2.60 -2.65 -2.40 -2.47 -2.43 -2.79 -2.83 -2.92 -2.80 -2.71 -2.74 -2.64 -2.69 -2.690
Ohlson O-Score snapshot only -9.791
ROIC (Greenblatt) snapshot only 30.98%
Net-Net WC snapshot only $-11.64
EVA snapshot only $-57154514.47
Credit
Metric Trend 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 Q3'26 Q4'26 Current
Credit Rating snapshot only AA+
Credit Score 61.31 65.00 68.52 68.11 71.66 50.83 54.81 63.40 66.84 74.69 75.77 77.82 81.25 84.15 84.78 85.15 88.53 89.14 90.71 90.37 90.370
Credit Grade snapshot only 2
Credit Trend snapshot only 5.217
Implied Spread (bps) snapshot only 65.000
Industry Credit Rank snapshot only 82
Sector Credit Rank snapshot only 85

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