$65.07

+0.07 (+0.11%)

Pre-Market: $66.38 (+1.31, +2.01%)

Weekly Expected Move ±2.5%

$62 $64 $65 $67 $68

NYSE · Real Estate · REIT - Industrial · Tech Score Neutral · Power 52 · $7.1B mcap · 107M float · 0.762% daily turnover · Short 62% 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.

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

54.0 / 100

NoneWeakNarrowWide

Primary source: Switching Costs · ROIC: 3.8% · 5Y Avg: 5.0%

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. TRNO shows a Weak competitive edge (54.0/100) — limited structural advantages that may face competitive pressure. The primary source of advantage is Switching Costs. ROIC of 3.8% 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

$60

Low

$74

Avg Target

$85

High

Based on 10 analysts since Aug 5, 2026 earnings

Analyst Recommendations

Strong Buy: 0Buy: 21Hold: 10Sell: 1Strong Sell: 0

Rating Summary

ConsensusBuy

Avg Target$73.80

Analysts10

Price Target Change History

Date	Firm	Analyst	Old	New	Change	Upside @ Call	Stock@Call
2026-10-12	Piper Sandler	—	$91	$85	-6	+31.2%	$64.79
2026-10-12	BMO Capital	—	Initiated	$75	—	+15.8%	$64.79
2026-10-07	RBC Capital	—	$72	$73	+1	+13.7%	$64.23
2026-09-21	UBS	—	$68	$74	+6	+11.9%	$66.15
2026-09-01	Wells Fargo	—	$63	$70	+7	+5.7%	$66.21
2026-08-19	Mizuho Securities	—	Initiated	$60	—	-12.4%	$68.50
2026-08-17	Industrial Alliance Securities	—	$75	$77	+2	+13.3%	$67.94
2026-08-17	Cantor Fitzgerald	Richard Anderson	$67	$77	+10	+13.6%	$67.79
2026-08-12	Scotiabank	Greg McGinnis	$70	$72	+2	+4.7%	$68.78
2026-08-12	KeyBanc	Todd Thomas	$72	$75	+3	+9.9%	$68.26
2026-07-24	Goldman Sachs	Caitlin Burrows	$64	$85	+21	+18.0%	$72.06
2026-07-21	Piper Sandler	—	$79	$91	+12	+22.8%	$74.11
2026-07-16	Barclays	—	$60	$69	+9	-4.0%	$71.84
2026-06-18	UBS	—	$56	$68	+12	+6.3%	$63.99
2026-05-21	Scotiabank	—	$69	$70	+1	+6.5%	$65.72
2026-05-08	Robert W. Baird	—	$67	$69	+2	+4.3%	$66.17
2026-02-11	Robert W. Baird	Nicholas Thillman	$64	$67	+3	+1.6%	$65.97
2026-02-09	RBC Capital	—	Initiated	$72	—	+8.8%	$66.20
2026-02-09	Piper Sandler	—	$60	$79	+19	+19.5%	$66.10
2026-02-09	KeyBanc	Todd Thomas	$68	$72	+4	+8.9%	$66.10
2026-02-06	Industrial Alliance Securities	—	Initiated	$75	—	+15.2%	$65.08
2026-01-14	Scotiabank	Greg McGinnis	Initiated	$69	—	+14.1%	$60.45
2026-01-13	Barclays	—	$57	$60	+3	+0.9%	$59.48
2026-01-08	Robert W. Baird	—	$59	$64	+5	+8.3%	$59.10
2026-01-05	Cantor Fitzgerald	—	$70	$67	-3	+12.3%	$59.68
2025-12-04	KeyBanc	—	Initiated	$68	—	+8.9%	$62.43
2025-12-04	UBS	—	$71	$56	-15	-10.3%	$62.43
2025-11-25	Wells Fargo	—	$72	$63	-9	+0.7%	$62.54
2025-10-21	UBS	—	Initiated	$71	—	+14.3%	$62.14
2025-10-01	Cantor Fitzgerald	—	Initiated	$70	—	+23.3%	$56.75
2025-09-18	Piper Sandler	Alexander Goldfarb	$80	$60	-20	+2.4%	$58.61
2025-08-12	Goldman Sachs	Caitlin Burrows	$68	$64	-4	+18.5%	$53.99
2025-07-13	Wells Fargo	Blaine Heck	Initiated	$72	—	+23.9%	$58.10
2025-03-25	Barclays	—	Initiated	$57	—	-9.6%	$63.02
2024-10-11	Piper Sandler	Alex Goldfarb	Initiated	$80	—	+26.5%	$63.25
2024-08-13	JMP Securities	Mitch Germain	$75	$72	-3	+7.1%	$67.24
2024-08-09	Goldman Sachs	Caitlin Burrows	$70	$68	-2	-0.0%	$68.01
2024-05-15	Robert W. Baird	David Rodgers	Initiated	$59	—	+6.7%	$55.30
2022-06-30	Jefferies	—	Initiated	$68	—	+20.4%	$56.50
2022-06-16	Goldman Sachs	—	Initiated	$70	—	+24.6%	$56.20
2022-05-18	JMP Securities	Mitch Germain	Initiated	$75	—	+18.9%	$63.07
2021-04-20	Credit Suisse	Omotayo Okusanya	Initiated	$65	—	+4.2%	$62.40

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

Rating Change History

Date	From	To
2026-10-22	A+	A
2026-10-20	A	A+
2026-10-19	A+	A
2026-10-12	A-	A+
2026-08-06	A	A-
2026-07-01	A-	A
2026-04-30	A	A-
2026-04-28	A-	A
2026-03-09	A	A-
2026-02-06	A-	A

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.

★ ★ ★ ★ ★ 69 Grade A

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. TRNO scores highest in Safety (90/100) and lowest in Value (59/100). An overall grade of A places TRNO 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

3.65

Safe Zone

Piotroski F-Score

5/9

✓ ✓ ✓ ✗ ✗ ✗ ✗ ✓ ✓

Beneish M-Score

-3.36

Unlikely Manipulator

Ohlson O-Score

-9.72

Bankruptcy prob: 0.0%

Low Risk

Credit Rating

Score: 85.9/100

Trend: Deteriorating

Earnings Quality

50/100

OCF/NI: 0.74x

Accruals: 1.9%

The Altman Z-Score (1968) combines five ratios — working capital, retained earnings, EBIT, market value of equity, and sales, all relative to total assets or liabilities — into a single bankruptcy predictor. TRNO scores 3.65, 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. TRNO scores 5/9, indicating moderate financial health — some areas of strength offset by weaknesses in others. The Beneish M-Score (1999) is an 8-variable model that detects earnings manipulation by comparing year-over-year changes in receivables, gross margins, asset quality, sales growth, depreciation, SG&A, leverage, and accruals. Scores above −1.78 statistically resemble past manipulators. TRNO's score of -3.36 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. TRNO'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. TRNO receives an estimated rating of AA (score: 85.9/100), 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). TRNO'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

17.49x

PEG

0.36x

P/S

14.10x

P/B

1.56x

P/FCF

37.25x

P/OCF

24.10x

EV/EBITDA

14.41x

EV/Revenue

15.74x

EV/EBIT

18.67x

EV/FCF

42.67x

Earnings Yield

5.62%

FCF Yield

2.68%

Shareholder Yield

3.15%

Graham Number

$58.36

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 17.5x earnings, TRNO trades at a reasonable valuation. An earnings yield of 5.6% exceeds typical risk-free rates, suggesting equities are being compensated for risk. Graham's intrinsic value formula yields $58.36 per share, 12% 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

1.000

NI / EBT

Interest Burden

0.917

EBT / EBIT

EBIT Margin

0.843

EBIT / Rev

Asset Turnover

0.094

Rev / Assets

Equity Multiplier

1.277

Assets / Equity

ROE

9.3%

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. TRNO's ROE of 9.3% is driven by EBIT Margin (0.843) as the dominant factor. A tax burden ratio of 1.00 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

15.00%

Fair P/E

38.50x

Intrinsic Value

$140.25

Price/Value

0.46x

Margin of Safety

53.82%

Premium

-53.82%

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 TRNO's realized 15.0% 3-year EPS CAGR, capped at 15% — demonstrated performance rather than forecasts, held to a rate companies have historically sustained. TRNO actually compounded EPS at 27.8% 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. TRNO trades at a -54% premium to its adjusted intrinsic value of $140.25, 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 17.5x.

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

$65.07

Median 1Y

$66.58

5th Pctile

$43.97

95th Pctile

$101.02

Ann. Volatility

26.9%

Analyst Target

$73.80

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

Executive	Salary	Stock	Total
W. Blake Baird Chairman and Chief Executive Officer, Co-Founder	$800,000	$4,603,498	$5,413,998
Michael A. Coke President, Co-Founder	$800,000	$4,603,498	$5,413,998
Jaime J. Cannon Executive Vice President and Chief Financial Officer	$420,000	$2,001,584	$2,857,084
John T. Meyer Executive Vice President and Chief Operating Officer	$420,000	$2,001,584	$2,857,084

CEO Pay Ratio

5:1

CEO-to-Employee Pay Ratio

CEO Total Comp: $5,413,998

Avg Employee Cost (SGA/emp): $1,005,723

Employees: 47

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

-4.1% YoY

Revenue / Employee

$10,135,809

Rev: $476,383,000

Profit / Employee

$8,574,298

NI: $402,992,000

SGA / Employee

$1,005,723

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	4.1%	4.8%	4.9%	8.9%	8.8%	9.2%	8.7%	6.1%	6.2%	5.9%	5.4%	5.2%	5.2%	5.6%	5.4%	6.9%	8.4%	10.3%	10.4%	9.3%	9.28%
ROA	3.0%	3.4%	3.6%	6.4%	6.1%	6.5%	6.2%	4.3%	4.5%	4.3%	4.1%	3.9%	4.0%	4.3%	4.2%	5.4%	6.5%	7.9%	8.1%	7.3%	7.27%
ROIC	5.2%	5.4%	5.5%	5.4%	5.6%	5.9%	5.5%	5.7%	5.9%	5.9%	5.4%	4.4%	4.0%	3.3%	3.5%	3.6%	3.5%	3.8%	3.8%	3.8%	3.83%
ROCE	3.4%	3.1%	3.2%	3.3%	3.4%	3.6%	3.3%	3.4%	3.5%	3.5%	3.4%	3.6%	3.6%	4.5%	4.6%	5.7%	7.1%	8.6%	8.3%	7.5%	7.49%
Gross Margin	75.2%	75.0%	73.6%	74.3%	75.7%	76.3%	75.3%	76.6%	75.3%	75.1%	75.4%	74.8%	74.3%	73.2%	73.9%	75.1%	75.7%	78.0%	27.1%	76.2%	76.25%
Operating Margin	63.3%	62.2%	61.8%	63.0%	64.2%	65.5%	62.8%	64.3%	64.3%	63.9%	38.4%	39.2%	39.3%	37.8%	38.9%	39.2%	41.3%	41.8%	40.7%	41.8%	41.77%
Net Margin	37.3%	53.2%	30.7%	1.5%	31.7%	77.5%	31.3%	50.6%	36.6%	66.6%	42.4%	37.9%	36.8%	73.4%	43.6%	83.1%	88.9%	1.2%	55.8%	46.2%	46.16%
EBITDA Margin	59.8%	58.0%	57.0%	57.7%	58.3%	58.4%	58.1%	59.7%	60.0%	60.1%	73.2%	68.1%	65.8%	1.0%	75.2%	1.1%	1.2%	1.5%	86.7%	76.2%	76.22%
FCF Margin	35.9%	36.5%	30.6%	30.3%	30.3%	27.7%	32.1%	34.6%	38.2%	39.1%	32.5%	25.6%	28.6%	30.0%	36.8%	43.4%	43.9%	43.8%	41.4%	36.9%	36.88%
OCF Margin	58.1%	59.6%	57.0%	55.1%	54.7%	51.8%	53.7%	55.6%	55.8%	55.5%	56.3%	58.4%	60.3%	60.8%	60.6%	57.1%	57.1%	57.1%	55.5%	57.0%	57.00%
ROE 3Y Avg	snapshot only																				6.62%
ROE 5Y Avg	snapshot only																				6.66%
ROA 3Y Avg	snapshot only																				5.16%
ROIC 3Y Avg	snapshot only																				4.49%
ROIC Economic	snapshot only																				3.80%
Cash ROA	snapshot only																				5.02%
Cash ROIC	snapshot only																				5.27%
CROIC	snapshot only																				3.41%
NOPAT Margin	snapshot only																				41.42%
Pretax Margin	snapshot only																				77.27%
R&D / Revenue	snapshot only																				0.00%
SGA / Revenue	snapshot only																				9.83%
SBC / Revenue	snapshot only																				2.69%

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	57.81	61.49	54.94	22.15	21.16	19.94	23.62	31.86	29.18	33.97	34.18	34.03	37.80	30.75	31.66	22.33	18.09	15.09	15.23	17.78	17.492
P/S Ratio	18.85	24.18	21.17	15.25	13.90	14.29	16.61	15.34	14.24	15.90	16.80	15.58	17.17	14.83	15.25	13.32	13.11	12.76	13.18	13.74	14.100
P/B Ratio	2.26	2.61	2.42	1.77	1.68	1.77	1.83	1.74	1.63	1.76	1.63	1.58	1.73	1.55	1.60	1.44	1.45	1.47	1.50	1.56	1.564
P/FCF	52.43	66.30	69.15	50.35	45.90	51.54	51.69	44.31	37.22	40.63	51.66	60.93	60.05	49.45	41.40	30.70	29.89	29.17	31.80	37.25	37.252
P/OCF	32.43	40.58	37.15	27.70	25.39	27.57	30.93	27.59	25.50	28.63	29.86	26.67	28.46	24.38	25.19	23.32	22.95	22.37	23.73	24.10	24.104
EV/EBITDA	36.36	44.87	40.74	31.36	29.21	29.36	33.13	30.21	27.76	29.85	27.13	26.41	27.46	21.64	21.27	16.37	14.82	12.56	12.76	14.41	14.413
EV/Revenue	21.36	26.50	23.80	18.21	16.87	16.99	19.25	17.72	16.41	17.77	17.18	17.29	18.34	16.93	16.69	14.77	15.36	14.69	15.15	15.74	15.737
EV/EBIT	54.92	66.77	60.54	46.32	42.68	42.52	48.24	43.90	40.13	43.12	39.33	39.09	41.70	31.54	30.93	22.52	19.46	16.06	16.22	18.67	18.674
EV/FCF	59.42	72.68	77.73	60.10	55.71	61.26	59.94	51.18	42.89	45.41	52.83	67.60	64.15	56.47	45.29	34.02	35.02	33.58	36.57	42.67	42.670
Earnings Yield	1.7%	1.6%	1.8%	4.5%	4.7%	5.0%	4.2%	3.1%	3.4%	2.9%	2.9%	2.9%	2.6%	3.3%	3.2%	4.5%	5.5%	6.6%	6.6%	5.6%	5.62%
FCF Yield	1.9%	1.5%	1.4%	2.0%	2.2%	1.9%	1.9%	2.3%	2.7%	2.5%	1.9%	1.6%	1.7%	2.0%	2.4%	3.3%	3.3%	3.4%	3.1%	2.7%	2.68%
PEG Ratio	snapshot only																				0.363
Price/Tangible Book	snapshot only																				1.642
EV/OCF	snapshot only																				27.609
EV/Gross Profit	snapshot only																				24.422
Acquirers Multiple	snapshot only																				37.998
Shareholder Yield	snapshot only																				3.15%
Graham Number	snapshot only																				$58.36

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	1.42	3.45	2.75	0.67	0.77	0.94	0.30	1.18	1.48	2.20	3.52	1.09	1.84	0.12	1.34	1.53	0.14	0.08	1.76	1.04	1.043
Quick Ratio	1.42	3.45	2.75	0.67	0.77	0.94	0.30	1.18	1.48	2.20	3.52	1.09	1.84	0.12	1.34	1.53	0.14	0.08	1.76	1.04	1.043
Debt/Equity	0.34	0.35	0.35	0.35	0.36	0.35	0.30	0.29	0.28	0.26	0.23	0.23	0.19	0.22	0.19	0.19	0.26	0.23	0.25	0.24	0.238
Net Debt/Equity	0.30	0.25	0.30	0.34	0.36	0.33	0.29	0.27	0.25	0.21	0.04	0.17	0.12	0.22	0.15	0.16	0.25	0.22	0.23	0.23	0.227
Debt/Assets	0.24	0.25	0.25	0.24	0.25	0.24	0.22	0.21	0.21	0.20	0.17	0.17	0.15	0.17	0.15	0.15	0.19	0.18	0.19	0.18	0.185
Debt/EBITDA	4.83	5.50	5.27	5.14	5.21	4.82	4.62	4.39	4.19	4.01	3.67	3.40	2.75	2.75	2.32	1.93	2.23	1.69	1.81	1.92	1.923
Net Debt/EBITDA	4.28	3.94	4.50	5.09	5.14	4.66	4.56	4.06	3.67	3.15	0.60	2.61	1.76	2.69	1.83	1.60	2.17	1.65	1.66	1.83	1.830
Interest Coverage	4.80	4.88	4.87	4.86	4.77	4.63	4.38	4.50	4.82	5.38	6.44	6.92	7.52	9.82	9.33	11.12	12.22	13.27	13.51	12.03	12.034
Equity Multiplier	1.41	1.42	1.42	1.42	1.44	1.42	1.38	1.37	1.37	1.34	1.29	1.30	1.26	1.30	1.26	1.26	1.33	1.30	1.29	1.29	1.289
Cash Ratio	snapshot only																				1.024
Debt Service Coverage	snapshot only																				15.591
Cash to Debt	snapshot only																				0.048
FCF to Debt	snapshot only																				0.176
Defensive Interval	snapshot only																				161.4 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	0.09	0.09	0.09	0.09	0.09	0.09	0.09	0.09	0.09	0.09	0.08	0.09	0.09	0.09	0.09	0.09	0.09	0.09	0.09	0.09	0.094
Inventory Turnover	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Receivables Turnover	—	11.32	11.02	11.59	11.83	6.38	13.43	6.45	6.47	6.25	12.12	6.65	6.47	6.43	6.66	6.94	6.62	15.15	14.53	14.66	14.661
Payables Turnover	1.55	1.57	1.85	1.43	1.41	1.45	1.52	1.29	1.23	1.42	1.47	1.31	1.15	1.39	1.69	1.50	1.31	1.47	2.17	1.86	1.863
DSO	0	32	33	32	31	57	27	57	56	58	30	55	56	57	55	53	55	24	25	25	24.9 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	235	233	197	255	258	251	239	283	296	257	248	279	316	262	216	243	279	248	168	196	195.9 days
Cash Conversion Cycle	-235	-201	-164	-224	-228	-194	-212	-227	-239	-199	-218	-224	-260	-206	-162	-190	-224	-224	-143	-171	-171.0 days
Fixed Asset Turnover	snapshot only																				0.091
Cash Velocity	snapshot only																				9.820
Capital Intensity	snapshot only																				11.358

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	14.8%	18.8%	22.2%	23.7%	24.1%	24.5%	21.9%	21.7%	20.0%	17.2%	16.4%	15.8%	16.7%	18.2%	22.2%	22.2%	21.1%	24.5%	20.2%	18.0%	18.05%
Net Income	-15.5%	9.3%	9.0%	1.4%	1.5%	1.3%	1.2%	-14.9%	-10.9%	-23.5%	-18.6%	10.2%	8.6%	21.8%	19.7%	59.2%	93.4%	1.2%	1.2%	52.9%	52.90%
EPS	-18.4%	6.4%	-0.3%	1.3%	1.3%	1.1%	1.1%	-22.9%	-20.0%	-33.4%	-26.9%	-5.0%	-6.5%	7.4%	6.0%	49.0%	83.5%	1.1%	1.1%	47.7%	47.66%
FCF	7.3%	16.5%	-2.6%	-3.8%	4.6%	-5.3%	27.9%	39.0%	51.6%	65.3%	17.9%	-14.4%	-12.8%	-9.4%	38.4%	1.1%	85.9%	81.7%	35.2%	0.3%	0.33%
EBITDA	15.5%	20.5%	21.7%	22.0%	22.1%	21.9%	21.3%	22.9%	22.8%	20.5%	26.9%	29.3%	31.9%	55.4%	51.3%	68.3%	88.0%	86.2%	81.9%	42.9%	42.92%
Op. Income	5.6%	34.7%	36.9%	38.0%	38.2%	26.9%	25.0%	24.9%	22.6%	17.3%	4.9%	-7.9%	-18.5%	-28.3%	-17.7%	-7.2%	6.2%	30.0%	26.4%	26.0%	25.95%
OCF Growth	snapshot only																				17.77%
Asset Growth	snapshot only																				14.65%
Equity Growth	snapshot only																				12.40%
Debt Growth	snapshot only																				42.26%
Shares Change	snapshot only																				3.55%
Dividend Growth	snapshot only																				7.60%

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	12.7%	13.5%	14.8%	15.6%	16.4%	17.3%	17.8%	18.9%	19.6%	20.1%	20.2%	20.4%	20.3%	19.9%	20.1%	19.9%	19.3%	19.9%	19.6%	18.7%	18.66%
Revenue 5Y	15.4%	15.4%	15.6%	15.3%	15.4%	15.8%	15.7%	16.1%	16.3%	16.4%	16.5%	16.9%	17.2%	17.5%	18.4%	18.9%	19.3%	20.6%	20.6%	20.2%	20.25%
EPS 3Y	3.4%	6.3%	2.6%	34.9%	33.0%	46.8%	47.4%	17.5%	15.2%	14.3%	15.0%	18.3%	20.5%	14.7%	17.3%	3.0%	11.1%	14.4%	17.1%	27.8%	27.84%
EPS 5Y	26.2%	31.2%	33.6%	34.1%	22.1%	22.0%	19.3%	9.8%	15.7%	11.0%	10.5%	12.5%	11.9%	17.7%	20.0%	18.1%	21.3%	27.4%	27.3%	29.5%	29.48%
Net Income 3Y	10.2%	11.3%	9.7%	42.4%	39.1%	52.8%	56.3%	25.6%	23.5%	23.8%	25.4%	31.7%	34.3%	28.4%	29.4%	14.3%	23.2%	26.7%	28.1%	38.9%	38.93%
Net Income 5Y	37.7%	42.0%	46.4%	45.4%	31.2%	30.1%	28.6%	18.5%	24.5%	19.1%	19.0%	22.0%	21.1%	27.1%	30.0%	28.3%	31.7%	38.2%	38.5%	40.9%	40.94%
EBITDA 3Y	11.7%	12.4%	11.4%	12.9%	13.6%	15.3%	18.2%	19.1%	20.1%	21.0%	23.3%	24.7%	25.5%	31.7%	32.6%	38.8%	44.9%	51.6%	51.7%	46.0%	45.98%
EBITDA 5Y	17.5%	18.1%	17.6%	17.1%	16.5%	16.1%	15.9%	16.0%	15.9%	15.9%	16.3%	18.0%	18.9%	23.5%	26.0%	29.8%	33.8%	38.6%	38.8%	36.1%	36.07%
Gross Profit 3Y	13.3%	14.1%	15.3%	15.8%	16.6%	17.8%	18.6%	19.9%	20.7%	21.1%	21.2%	21.0%	20.6%	19.7%	19.8%	19.7%	19.2%	20.3%	13.1%	12.3%	12.31%
Gross Profit 5Y	16.2%	16.2%	16.2%	15.7%	15.8%	16.5%	16.5%	17.2%	17.2%	17.0%	17.1%	17.1%	17.4%	17.5%	18.4%	19.0%	19.6%	21.3%	17.2%	17.0%	16.98%
Op. Income 3Y	19.5%	19.4%	19.3%	26.6%	26.8%	30.0%	27.9%	24.0%	21.4%	26.1%	21.5%	16.6%	11.4%	2.2%	2.6%	2.2%	2.0%	3.0%	3.0%	2.5%	2.51%
Op. Income 5Y	35.1%	37.6%	40.1%	30.6%	22.4%	20.3%	19.6%	19.2%	23.7%	20.4%	17.3%	18.5%	15.3%	13.1%	12.5%	10.3%	9.1%	13.3%	13.3%	13.2%	13.16%
FCF 3Y	19.1%	18.5%	12.1%	12.8%	11.1%	6.9%	12.3%	15.8%	19.4%	22.2%	13.7%	4.6%	11.4%	12.3%	27.8%	35.1%	35.0%	39.6%	30.2%	21.2%	21.19%
FCF 5Y	26.3%	29.4%	20.6%	17.6%	15.7%	12.7%	17.4%	19.2%	21.8%	21.1%	16.3%	11.3%	12.7%	12.9%	18.3%	22.5%	22.5%	24.6%	22.4%	19.0%	18.95%
OCF 3Y	18.8%	19.4%	17.5%	16.6%	17.0%	14.8%	16.6%	20.3%	19.1%	21.1%	21.4%	21.0%	21.8%	20.7%	22.6%	21.3%	21.0%	23.8%	20.9%	19.6%	19.65%
OCF 5Y	20.8%	21.8%	18.8%	17.1%	16.8%	15.6%	17.7%	18.5%	19.1%	18.3%	17.8%	18.8%	19.9%	19.7%	20.5%	20.4%	19.6%	21.9%	21.0%	20.1%	20.06%
Assets 3Y	12.6%	17.6%	16.2%	15.5%	15.0%	14.5%	19.7%	19.4%	20.5%	22.2%	26.9%	25.6%	22.7%	17.7%	18.9%	18.0%	19.7%	19.4%	15.8%	16.2%	16.23%
Assets 5Y	15.0%	18.0%	17.7%	16.5%	15.1%	15.1%	17.4%	16.6%	16.7%	16.8%	19.0%	17.8%	17.4%	17.7%	18.7%	18.5%	20.1%	20.3%	20.6%	20.4%	20.44%
Equity 3Y	14.5%	18.1%	15.5%	14.0%	12.6%	13.7%	19.0%	18.6%	20.0%	22.4%	28.2%	26.4%	27.5%	21.2%	23.8%	22.8%	22.9%	23.0%	18.2%	18.7%	18.73%
Book Value 3Y	7.4%	12.8%	8.0%	8.0%	7.7%	9.2%	12.3%	10.9%	11.9%	13.0%	17.5%	13.5%	14.5%	8.3%	12.2%	10.6%	10.8%	11.0%	8.1%	9.3%	9.25%
Dividend 3Y	-3.2%	-0.5%	-1.1%	1.4%	3.3%	4.0%	1.5%	0.8%	0.8%	-0.1%	-0.5%	-2.3%	-2.4%	-2.8%	-1.5%	-3.2%	-3.9%	-5.0%	-4.7%	-4.6%	-4.60%

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	1.00	0.99	0.97	0.96	0.94	0.93	0.93	0.93	0.93	0.94	0.95	0.96	0.96	0.97	0.97	0.97	0.98	0.97	0.98	0.99	0.985
Earnings Stability	0.82	0.83	0.76	0.69	0.65	0.64	0.62	0.68	0.74	0.69	0.71	0.75	0.75	0.75	0.81	0.80	0.76	0.71	0.73	0.81	0.811
Margin Stability	0.99	0.99	0.99	0.99	0.99	0.99	0.99	0.98	0.99	0.99	0.99	0.99	0.99	0.99	0.99	0.99	0.99	0.99	0.93	0.94	0.935
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	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.000
Earn. Growth Consistency	0.00	1.00	1.00	0.50	0.50	1.00	1.00	0.00	0.00	0.00	0.00	0.50	0.50	0.50	0.50	1.00	1.00	1.00	1.00	1.00	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	0.94	0.96	0.96	0.50	0.50	0.50	0.50	0.94	0.96	0.91	0.93	0.96	0.97	0.91	0.92	0.50	0.50	0.50	0.50	0.50	0.500
Earnings Smoothness	0.83	0.91	0.91	0.16	0.14	0.22	0.24	0.84	0.89	0.73	0.80	0.90	0.92	0.80	0.82	0.54	0.36	0.26	0.27	0.58	0.582
ROE Trend	-0.01	-0.00	0.00	0.04	0.03	0.04	0.03	-0.01	-0.00	-0.01	-0.01	-0.02	-0.02	-0.02	-0.01	0.01	0.03	0.05	0.05	0.03	0.032
Gross Margin Trend	0.00	0.01	0.01	0.01	0.01	0.01	0.01	0.02	0.01	0.01	0.01	-0.00	-0.00	-0.01	-0.01	-0.01	-0.01	0.01	-0.11	-0.10	-0.102
FCF Margin Trend	-0.01	-0.00	-0.07	-0.08	-0.07	-0.09	-0.02	-0.00	0.05	0.07	0.01	-0.07	-0.06	-0.03	0.05	0.13	0.10	0.09	0.07	0.02	0.024
Sustainable Growth Rate	-0.7%	0.1%	0.0%	3.9%	3.6%	4.2%	3.8%	1.0%	1.0%	0.6%	0.7%	0.2%	0.0%	0.3%	0.3%	1.7%	3.2%	5.1%	5.3%	4.2%	4.17%
Internal Growth Rate	—	0.1%	0.0%	2.9%	2.6%	3.1%	2.8%	0.8%	0.7%	0.4%	0.5%	0.1%	0.0%	0.2%	0.3%	1.3%	2.5%	4.1%	4.3%	3.4%	3.38%

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	1.78	1.52	1.48	0.80	0.83	0.72	0.76	1.15	1.14	1.19	1.14	1.28	1.33	1.26	1.26	0.96	0.79	0.67	0.64	0.74	0.738
FCF/OCF	0.62	0.61	0.54	0.55	0.55	0.53	0.60	0.62	0.69	0.70	0.58	0.44	0.47	0.49	0.61	0.76	0.77	0.77	0.75	0.65	0.647
FCF/Net Income	snapshot only																				0.477
OCF/EBITDA	snapshot only																				0.522
CapEx/Revenue	22.2%	23.1%	26.4%	24.8%	24.5%	24.1%	21.6%	21.0%	17.6%	16.4%	23.7%	32.8%	31.7%	30.8%	23.7%	13.7%	13.3%	13.3%	14.1%	20.1%	20.12%
CapEx/Depreciation	snapshot only																				0.808
Accruals Ratio	-0.02	-0.02	-0.02	0.01	0.01	0.02	0.01	-0.01	-0.01	-0.01	-0.01	-0.01	-0.01	-0.01	-0.01	0.00	0.01	0.03	0.03	0.02	0.019
Sloan Accruals	snapshot only																				-0.035
Cash Flow Adequacy	snapshot only																				0.910
Earnings Quality Score	snapshot only																				0.500

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	2.0%	1.6%	1.8%	2.5%	2.8%	2.7%	2.4%	2.6%	2.9%	2.6%	2.6%	2.8%	2.6%	3.1%	3.0%	3.4%	3.4%	3.4%	3.2%	3.1%	3.27%
Dividend/Share	$1.13	$1.20	$1.20	$1.27	$1.34	$1.41	$1.40	$1.44	$1.52	$1.55	$1.61	$1.60	$1.68	$1.76	$1.83	$1.86	$1.93	$1.97	$1.99	$2.00	$2.13
Payout Ratio	1.2%	97.0%	99.7%	56.3%	59.1%	54.2%	55.8%	82.8%	83.7%	89.7%	87.8%	96.8%	99.1%	94.8%	94.0%	75.5%	62.0%	50.6%	49.3%	55.0%	55.02%
FCF Payout Ratio	1.1%	1.0%	1.3%	1.3%	1.3%	1.4%	1.2%	1.2%	1.1%	1.1%	1.3%	1.7%	1.6%	1.5%	1.2%	1.0%	1.0%	97.8%	1.0%	1.2%	1.15%
Total Payout Ratio	1.2%	97.7%	1.0%	56.6%	59.6%	54.8%	56.4%	83.7%	84.7%	90.7%	88.9%	97.9%	1.0%	96.6%	96.2%	77.2%	63.0%	51.4%	50.2%	56.0%	55.97%
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	0.15	0.20	0.25	0.29	0.30	0.27	0.28	0.29	0.29	0.31	0.32	0.31	0.32	0.31	0.28	0.24	0.20	0.16	0.15	0.145
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%	0.1%	0.1%	0.1%	0.1%	0.1%	0.1%	0.1%	0.1%	0.05%
Net Buyback Yield	-4.1%	-8.5%	-8.3%	-9.2%	-9.2%	-1.9%	-9.3%	-10.6%	-12.5%	-12.9%	-14.9%	-14.4%	-14.2%	-12.9%	-6.9%	-7.6%	-4.0%	-4.5%	-2.7%	-4.4%	-4.42%
Total Shareholder Return	-2.0%	-6.9%	-6.5%	-6.7%	-6.4%	0.8%	-6.9%	-8.0%	-9.6%	-10.3%	-12.3%	-11.6%	-11.6%	-9.8%	-4.0%	-4.2%	-0.5%	-1.2%	0.6%	-1.3%	-1.33%

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)	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	1.00	1.000
Interest Burden (EBT/EBIT)	0.84	0.99	0.98	1.75	1.66	1.79	1.76	1.19	1.19	1.14	1.13	1.04	1.03	0.90	0.89	0.91	0.92	0.92	0.93	0.92	0.917
EBIT Margin	0.39	0.40	0.39	0.39	0.40	0.40	0.40	0.40	0.41	0.41	0.44	0.44	0.44	0.54	0.54	0.66	0.79	0.91	0.93	0.84	0.843
Asset Turnover	0.09	0.09	0.09	0.09	0.09	0.09	0.09	0.09	0.09	0.09	0.08	0.09	0.09	0.09	0.09	0.09	0.09	0.09	0.09	0.09	0.094
Equity Multiplier	1.38	1.39	1.38	1.38	1.43	1.42	1.40	1.40	1.40	1.37	1.33	1.33	1.30	1.32	1.27	1.28	1.30	1.30	1.28	1.28	1.277

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)	$0.97	$1.23	$1.20	$2.26	$2.27	$2.60	$2.51	$1.74	$1.81	$1.73	$1.84	$1.66	$1.70	$1.86	$1.95	$2.47	$3.11	$3.89	$4.03	$3.64	$3.64
Book Value/Share	$24.74	$29.09	$27.29	$28.27	$28.47	$29.28	$32.36	$31.86	$32.48	$33.31	$38.51	$35.69	$37.10	$36.90	$38.55	$38.28	$38.74	$40.03	$40.82	$41.55	$41.59
Tangible Book/Share	$23.31	$28.55	$26.83	$27.72	$27.93	$28.80	$31.74	$31.29	$31.97	$31.63	$38.00	$34.94	$35.29	$34.80	$36.47	$36.20	$36.50	$37.87	$38.76	$39.44	$39.44
Revenue/Share	$2.97	$3.14	$3.13	$3.28	$3.45	$3.63	$3.57	$3.62	$3.72	$3.70	$3.73	$3.62	$3.73	$3.86	$4.04	$4.14	$4.29	$4.60	$4.66	$4.71	$4.72
FCF/Share	$1.07	$1.14	$0.96	$0.99	$1.05	$1.01	$1.15	$1.25	$1.42	$1.45	$1.21	$0.92	$1.07	$1.16	$1.49	$1.79	$1.88	$2.01	$1.93	$1.74	$1.74
OCF/Share	$1.73	$1.87	$1.78	$1.81	$1.89	$1.88	$1.92	$2.01	$2.07	$2.05	$2.10	$2.11	$2.25	$2.34	$2.45	$2.36	$2.45	$2.62	$2.59	$2.69	$2.69
Cash/Share	$0.97	$2.89	$1.41	$0.10	$0.13	$0.35	$0.14	$0.71	$1.14	$1.89	$7.26	$1.89	$2.49	$0.18	$1.55	$1.25	$0.25	$0.24	$0.84	$0.48	$0.48
EBITDA/Share	$1.74	$1.85	$1.83	$1.91	$1.99	$2.10	$2.07	$2.12	$2.20	$2.20	$2.37	$2.37	$2.49	$3.02	$3.17	$3.73	$4.45	$5.38	$5.53	$5.15	$5.15
Debt/Share	$8.43	$10.19	$9.62	$9.79	$10.39	$10.12	$9.60	$9.33	$9.20	$8.82	$8.68	$8.06	$6.87	$8.30	$7.34	$7.21	$9.92	$9.11	$10.04	$9.90	$9.90
Net Debt/Share	$7.46	$7.30	$8.21	$9.69	$10.25	$9.78	$9.46	$8.62	$8.06	$6.93	$1.42	$6.17	$4.38	$8.12	$5.79	$5.96	$9.66	$8.87	$9.20	$9.42	$9.42

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 Z-Score	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	3.647
Altman Z-Prime	snapshot only																				6.343
Piotroski F-Score	5	6	6	4	5	6	6	7	6	6	7	5	6	6	6	7	5	5	5	5	5
Beneish M-Score	-2.35	-2.64	-2.64	-2.51	-2.55	-2.19	20.40	-2.31	-2.29	-1.62	-2.71	-2.28	20.13	-2.36	-1.70	-1.93	-2.16	7.11	7.98	-3.36	-3.364
Ohlson O-Score	snapshot only																				-9.720
ROIC (Greenblatt)	snapshot only																				7.65%
Net-Net WC	snapshot only																				$-11.51
EVA	snapshot only																				$-335414600.00

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																				AA
Credit Score	74.43	75.78	75.44	56.12	50.54	63.91	65.87	71.12	68.20	78.74	82.62	74.63	88.06	73.72	85.34	90.00	70.55	79.53	88.70	85.89	85.886
Credit Grade	snapshot only																				3
Credit Trend	snapshot only																				-4.119
Implied Spread (bps)	snapshot only																				80.000
Industry Credit Rank	snapshot only																				100
Sector Credit Rank	snapshot only																				90

TRNO NYSE

Edge Score

Analyst Insights

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

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