— Know what they know.
Not Investment Advice

TTC NYSE

The Toro Company
1W: +1.6% 1M: -0.5% 3M: +1.7% YTD: +23.1% 1Y: +30.6% 3Y: +24.9% 5Y: +7.1%
$98.64
+0.85 (+0.87%)
 
Weekly Expected Move ±2.3%
$94 $96 $99 $101 $103
NYSE · Industrials · Manufacturing - Tools & Accessories · Tech Score Buy · Power 64 · $9.4B mcap · 95M float · 0.877% daily turnover · Short 71% 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
37.3 / 100
NoneWeakNarrowWide
Primary source: Efficient Scale  ·  ROIC: 17.3%  ·  5Y Avg: 17.6%
Cost Advantage
30
Intangibles
26
Switching Cost
12
Network Effect
50
Scale ★
95
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. TTC has No discernible competitive edge (37.3/100). The business operates without significant structural advantages. The primary source of advantage is Efficient Scale. ROIC of 17.3% confirms the company is generating returns well above its cost of capital — a hallmark of durable competitive advantages.

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
$115
Low
$118
Avg Target
$120
High
Based on 2 analysts since Sep 3, 2026 earnings
Analyst Recommendations
Strong Buy: 0Buy: 4Hold: 6Sell: 1Strong Sell: 0
Rating Summary
ConsensusHold
Avg Target$117.50
Analysts2
Consensus Change History
DateFieldFromTo
2026-02-20 consensus Buy Hold
Price Target Change History
DateFirmAnalystOldNewChangeUpside @ CallStock@Call
2026-09-23 Oppenheimer — Initiated $120 — +27.0% $94.52
2026-09-04 D.A. Davidson — $93 $115 +22 +23.8% $92.86
2025-12-18 Robert W. Baird — $84 $86 +2 +8.2% $79.50
2025-12-16 Robert W. Baird Timothy Wojs $92 $84 -8 +14.1% $73.62
2025-09-09 Northland Securities Ted Jackson Initiated $90 — +14.5% $78.63
2025-08-25 D.A. Davidson — $76 $93 +17 +12.8% $82.43
2025-06-09 D.A. Davidson Michael Shlisky $80 $76 -4 +6.4% $71.41
2025-03-11 D.A. Davidson Michael Shlisky Initiated $80 — +6.1% $75.41
2024-09-06 Robert W. Baird Timothy Wojs $102 $92 -10 +12.4% $81.82
2024-08-28 Robert W. Baird Timothy Wojs $100 $102 +2 +12.6% $90.58
2024-06-07 Robert W. Baird Timothy Wojs $90 $100 +10 +9.8% $91.11
2024-05-30 Robert W. Baird Timothy Wojs Initiated $90 — +14.2% $78.80
2022-12-22 Raymond James Samuel Darkatsh Initiated $130 — +15.1% $112.98

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
4
ROE
5
ROA
5
D/E
1
P/E
2
P/B
1
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. TTC receives an overall rating of B+. Strongest factors: DCF (4/5), ROE (5/5), ROA (5/5). Areas of concern: D/E (1/5), P/E (2/5), P/B (1/5).
Rating Change History
DateFromTo
2026-09-04 A- B+
2026-09-03 B+ A-
2026-06-05 A- B+
2026-04-30 B+ A-
2026-04-01 A- B+
2026-03-05 B+ 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.

★ ★ ★ ★ ★ 67 Grade A
Profitability
51
Balance Sheet
63
Earnings Quality
65
Growth
51
Value
47
Momentum
79
Safety
100
Cash Flow
78
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. TTC scores highest in Safety (100/100) and lowest in Value (47/100). An overall grade of A places TTC 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
4.97
Safe Zone
Piotroski F-Score
8/9
✓ ✓ ✓ ✓ ✓ ✗ ✓ ✓ ✓
Beneish M-Score
-2.93
Unlikely Manipulator
Ohlson O-Score
-7.64
Bankruptcy prob: 0.0%
Low Risk
Credit Rating
AA
Score: 85.1/100
Trend: Improving
Earnings Quality
75/100
OCF/NI: 2.17x
Accruals: -12.1%
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. TTC scores 4.97, 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. TTC scores 8/9, 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. TTC's score of -2.93 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. TTC'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. TTC receives an estimated rating of AA (score: 85.1/100), 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). TTC'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
26.30x
PEG
1.98x
P/S
1.98x
P/B
7.03x
P/FCF
12.34x
P/OCF
11.13x
EV/EBITDA
14.59x
EV/Revenue
2.04x
EV/EBIT
18.69x
EV/FCF
13.61x
Earnings Yield
4.14%
FCF Yield
8.10%
Shareholder Yield
6.11%
Graham Number
$34.57
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 26.3x earnings, TTC commands a growth premium. Graham's intrinsic value formula yields $34.57 per share, 185% 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
0.786
NI / EBT
×
Interest Burden
0.892
EBT / EBIT
×
EBIT Margin
0.109
EBIT / Rev
×
Asset Turnover
1.348
Rev / Assets
×
Equity Multiplier
2.568
Assets / Equity
=
ROE
26.4%
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. TTC's ROE of 26.4% is driven by Asset Turnover (1.348), 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
1.68%
Fair P/E
11.86x
Intrinsic Value
$45.07
Price/Value
2.04x
Margin of Safety
-103.86%
Premium
103.86%
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 TTC's realized 1.7% 3-year EPS CAGR, capped at 15% — demonstrated performance rather than forecasts, held to a rate companies have historically sustained. TTC trades at a 104% premium to its adjusted intrinsic value of $45.07, suggesting the market is pricing in future growth beyond what historical earnings support. The adjusted fair P/E of 11.9x compares to the current market P/E of 26.3x.

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
$98.68
Median 1Y
$100.29
5th Pctile
$64.38
95th Pctile
$156.22
Ann. Volatility
29.0%
Analyst Target
$117.50
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
Richard M. Olson,
Chairman of the Board and Chief Executive Officer
$1,239,816 $3,300,642 $8,436,478
Edric C. Funk,
President and Chief Operating Officer
$515,970 $2,059,347 $3,493,713
Peter D. Moeller,
Group Vice President, Underground and Specialty Construction + International
$443,469 $2,003,424 $3,265,673
Gregory S. Janey,
Group Vice President, Landscapes and Contractor
$474,513 $2,003,424 $3,007,063
Angela C. Drake,
Vice President and Chief Financial Officer
$612,605 $839,157 $2,495,136

CEO Pay Ratio

77:1
CEO-to-Employee Pay Ratio
CEO Total Comp: $8,436,478
Avg Employee Cost (SGA/emp): $109,873
Employees: 9,227

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
9,227
-16.9% YoY
Revenue / Employee
$488,826
Rev: $4,510,400,000
Profit / Employee
$34,258
NI: $316,100,000
SGA / Employee
$109,873
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 Trend 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 Q3'26 Current
ROE 36.2% 32.0% 29.1% 30.6% 35.4% 37.5% 37.2% 27.3% 23.0% 19.2% 16.5% 25.7% 27.4% 27.0% 25.5% 21.9% 21.0% 22.9% 23.9% 26.4% 26.45%
ROA 14.2% 12.0% 11.0% 12.0% 13.7% 13.9% 14.3% 10.7% 9.2% 7.7% 7.0% 10.9% 11.6% 10.9% 10.4% 9.2% 9.0% 9.0% 9.1% 10.3% 10.30%
ROIC 28.2% 18.2% 17.5% 18.4% 20.7% 20.5% 21.3% 16.0% 14.3% 11.8% 11.3% 16.7% 18.2% 16.9% 16.6% 15.0% 16.1% 26.1% 15.7% 17.3% 17.30%
ROCE 26.4% 21.1% 19.8% 21.0% 23.6% 24.0% 25.5% 19.1% 17.0% 14.2% 13.6% 20.1% 22.0% 20.7% 20.3% 18.0% 17.3% 17.1% 18.3% 20.9% 20.86%
Gross Margin 30.1% 32.2% 32.4% 34.5% 34.0% 34.5% 35.8% 34.4% 33.5% 34.4% 33.6% 34.8% 32.4% 33.7% 33.1% 33.7% 32.9% 32.5% 33.9% 34.1% 34.11%
Operating Margin 7.7% 9.8% 13.7% 14.0% 12.8% 11.9% 16.3% -1.8% 9.6% 8.8% 13.9% 12.8% 10.1% 7.8% 13.3% 5.7% 8.7% 8.7% 13.7% 9.4% 9.40%
Net Margin 6.3% 7.5% 10.5% 10.8% 10.0% 9.3% 12.5% -1.4% 7.2% 6.5% 10.7% 10.3% 8.4% 5.3% 10.4% 4.7% 6.8% 6.5% 10.2% 6.3% 6.28%
EBITDA Margin 10.7% 12.8% 16.1% 16.6% 15.7% 15.1% 18.9% 1.3% 14.0% 12.7% 16.8% 16.4% 14.9% 11.4% 16.4% 9.3% 13.6% 12.9% 16.5% 12.2% 12.16%
FCF Margin 11.4% 6.6% 4.0% 2.3% 3.4% 3.3% 2.9% 2.6% 3.5% 3.3% 5.9% 8.3% 10.2% 11.1% 10.0% 10.9% 12.8% 14.5% 16.3% 15.0% 14.97%
OCF Margin 14.0% 9.2% 6.8% 5.4% 6.6% 6.7% 6.6% 6.3% 6.7% 6.4% 8.6% 10.7% 12.4% 13.4% 12.3% 13.0% 14.7% 16.2% 17.9% 16.6% 16.60%
ROE 3Y Avg snapshot only 25.06%
ROE 5Y Avg snapshot only 26.14%
ROA 3Y Avg snapshot only 10.15%
ROIC 3Y Avg snapshot only 14.13%
ROIC Economic snapshot only 16.70%
Cash ROA snapshot only 22.32%
Cash ROIC snapshot only 35.25%
CROIC snapshot only 31.78%
NOPAT Margin snapshot only 8.15%
Pretax Margin snapshot only 9.72%
R&D / Revenue snapshot only 0.00%
SGA / Revenue snapshot only 22.15%
SBC / Revenue snapshot only 0.46%
Valuation
Metric Trend 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 Q3'26 Current
P/E Ratio 23.50 26.16 22.41 22.28 23.83 23.83 20.70 26.88 24.81 33.09 33.97 23.21 19.65 20.49 17.55 21.59 23.29 27.16 26.88 24.17 26.304
P/S Ratio 2.43 2.40 1.94 2.00 2.34 2.42 2.22 2.14 1.80 2.16 2.04 2.06 1.80 1.82 1.54 1.59 1.63 1.98 1.96 1.85 1.976
P/B Ratio 8.37 8.60 6.54 6.68 7.82 7.93 6.86 6.86 5.41 6.15 5.45 5.66 5.31 5.68 4.74 5.09 5.06 6.34 6.68 6.57 7.027
P/FCF 21.34 36.35 48.23 85.06 68.74 72.75 77.35 81.78 52.00 66.03 34.46 24.75 17.65 16.35 15.37 14.61 12.73 13.62 12.03 12.34 12.344
P/OCF 17.34 26.00 28.61 36.91 35.55 35.98 33.88 34.08 26.66 33.59 23.68 19.24 14.45 13.59 12.55 12.20 11.12 12.21 10.97 11.13 11.127
EV/EBITDA 15.91 18.31 15.60 15.43 16.42 16.56 14.51 17.86 15.82 20.01 19.74 14.93 12.91 13.63 11.83 13.67 13.87 14.85 16.28 14.59 14.593
EV/Revenue 2.52 2.64 2.16 2.21 2.54 2.63 2.42 2.35 2.01 2.41 2.25 2.26 1.98 2.05 1.77 1.80 1.78 1.96 2.17 2.04 2.037
EV/EBIT 18.90 22.14 19.04 18.63 19.46 19.46 16.86 21.80 19.93 25.95 26.17 18.38 15.79 16.78 14.66 17.58 18.41 19.53 21.45 18.69 18.691
EV/FCF 22.13 40.04 53.69 93.97 74.48 79.06 84.31 90.11 58.16 73.76 38.10 27.13 19.46 18.41 17.64 16.52 13.91 13.50 13.29 13.61 13.613
Earnings Yield 4.3% 3.8% 4.5% 4.5% 4.2% 4.2% 4.8% 3.7% 4.0% 3.0% 2.9% 4.3% 5.1% 4.9% 5.7% 4.6% 4.3% 3.7% 3.7% 4.1% 4.14%
FCF Yield 4.7% 2.8% 2.1% 1.2% 1.5% 1.4% 1.3% 1.2% 1.9% 1.5% 2.9% 4.0% 5.7% 6.1% 6.5% 6.8% 7.9% 7.3% 8.3% 8.1% 8.10%
PEG Ratio snapshot only 1.979
Price/Tangible Book snapshot only 27.420
EV/OCF snapshot only 12.271
EV/Gross Profit snapshot only 6.096
Acquirers Multiple snapshot only 19.654
Shareholder Yield snapshot only 6.11%
Graham Number snapshot only $34.57
Leverage & Solvency
Metric Trend 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 Q3'26 Current
Current Ratio 1.59 1.46 1.50 1.59 1.58 1.78 1.78 1.91 1.90 2.13 1.93 1.94 1.81 1.91 1.81 1.88 1.87 1.69 1.56 1.58 1.576
Quick Ratio 0.80 0.61 0.70 0.66 0.59 0.63 0.68 0.68 0.75 0.86 0.87 0.85 0.74 0.76 0.79 0.79 0.86 0.73 0.74 0.74 0.737
Debt/Equity 0.66 1.05 0.96 0.88 0.79 0.81 0.71 0.80 0.77 0.85 0.69 0.68 0.67 0.83 0.82 0.81 0.70 0.08 0.83 0.81 0.807
Net Debt/Equity 0.31 0.88 0.74 0.70 0.65 0.69 0.62 0.70 0.64 0.72 0.58 0.54 0.54 0.72 0.70 0.67 0.47 -0.05 0.70 0.68 0.676
Debt/Assets 0.26 0.36 0.34 0.33 0.30 0.32 0.30 0.33 0.32 0.35 0.30 0.30 0.29 0.33 0.32 0.32 0.30 0.03 0.31 0.30 0.305
Debt/EBITDA 1.21 2.02 2.05 1.84 1.54 1.55 1.39 1.89 2.01 2.47 2.26 1.63 1.48 1.78 1.78 1.92 1.76 0.19 1.83 1.62 1.624
Net Debt/EBITDA 0.57 1.69 1.59 1.46 1.27 1.32 1.20 1.65 1.68 2.10 1.89 1.31 1.20 1.53 1.52 1.58 1.17 -0.13 1.54 1.36 1.360
Interest Coverage 18.44 17.03 16.11 16.33 16.46 14.93 13.98 9.26 7.82 6.75 6.06 8.87 9.28 9.22 9.17 7.65 7.39 7.83 8.21 9.25 9.254
Equity Multiplier 2.55 2.91 2.84 2.67 2.63 2.53 2.40 2.43 2.41 2.46 2.33 2.28 2.31 2.52 2.57 2.49 2.37 2.61 2.71 2.65 2.646
Cash Ratio snapshot only 0.167
Debt Service Coverage snapshot only 11.852
Cash to Debt snapshot only 0.163
FCF to Debt snapshot only 0.660
Defensive Interval snapshot only 223.6 days
Efficiency & Turnover
Metric Trend 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 Q3'26 Current
Asset Turnover 1.37 1.31 1.27 1.34 1.39 1.37 1.34 1.35 1.26 1.18 1.16 1.23 1.27 1.22 1.19 1.25 1.28 1.23 1.24 1.35 1.348
Inventory Turnover 3.77 3.58 3.67 3.62 3.36 3.19 3.12 3.02 2.78 2.50 2.61 2.70 2.85 2.62 2.72 2.85 3.07 2.86 3.04 3.30 3.299
Receivables Turnover 15.24 11.94 9.92 13.20 15.27 12.73 10.70 12.79 13.17 10.17 8.14 9.73 11.17 9.31 7.42 9.00 11.07 9.29 7.91 9.81 9.815
Payables Turnover 6.05 6.43 5.65 6.47 5.56 6.59 5.82 6.92 5.90 6.42 5.68 7.01 6.88 6.99 5.88 7.33 7.33 6.89 5.82 7.46 7.460
DSO 24 31 37 28 24 29 34 29 28 36 45 38 33 39 49 41 33 39 46 37 37.2 days
DIO 97 102 99 101 108 114 117 121 131 146 140 135 128 139 134 128 119 127 120 111 110.6 days
DPO 60 57 65 56 66 55 63 53 62 57 64 52 53 52 62 50 50 53 63 49 48.9 days
Cash Conversion Cycle 60 76 72 72 67 88 89 97 97 125 120 121 107 126 121 119 102 114 103 99 98.9 days
Fixed Asset Turnover snapshot only 6.928
Operating Cycle snapshot only 147.8 days
Cash Velocity snapshot only 27.120
Capital Intensity snapshot only 0.744
Growth (YoY)
Metric Trend 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 Q3'26 Current
Revenue 17.2% 15.4% 11.2% 12.1% 14.0% 17.7% 17.0% 10.2% 0.9% -6.9% -8.4% -5.3% 0.7% 3.9% 2.9% 0.6% -1.6% -0.5% 2.5% 5.2% 5.18%
Net Income 24.3% -0.8% -13.9% -8.5% 8.2% 30.6% 44.8% -2.3% -25.6% -40.1% -48.7% 5.9% 27.0% 41.4% 50.4% -16.6% -24.5% -18.6% -14.8% 9.1% 9.10%
EPS 26.0% 2.2% -11.3% -6.0% 10.4% 31.2% 45.1% -1.2% -25.3% -39.6% -48.4% 5.7% 27.6% 45.5% 57.7% -12.0% -20.0% -15.8% -12.2% 13.0% 12.98%
FCF -2.1% -54.4% -76.6% -84.0% -66.0% -40.6% -16.6% 22.6% 2.4% -8.4% 88.8% 2.0% 2.0% 2.5% 74.3% 31.4% 24.0% 29.5% 66.7% 44.6% 44.58%
EBITDA 17.2% -1.1% -11.2% -4.9% 11.0% 29.7% 40.8% 1.6% -17.0% -29.3% -37.3% 8.8% 21.5% 29.6% 34.6% -12.6% -17.5% -12.8% -8.7% 11.6% 11.64%
Op. Income 21.6% -1.7% -13.8% -7.1% 11.1% 32.4% 45.9% -2.6% -25.2% -38.3% -47.4% 6.6% 23.8% 36.5% 44.9% -17.8% -23.1% -19.2% -13.2% 15.6% 15.57%
OCF Growth snapshot only 34.01%
Asset Growth snapshot only 0.46%
Equity Growth snapshot only -5.30%
Debt Growth snapshot only -5.57%
Shares Change snapshot only -3.43%
Dividend Growth snapshot only 3.14%
Growth (CAGR)
Metric Trend 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 Q3'26 Current
Revenue 3Y 14.8% 14.6% 14.3% 13.5% 12.9% 12.7% 13.8% 13.2% 10.5% 8.1% 6.0% 5.4% 5.0% 4.4% 3.3% 1.7% -0.0% -1.3% -1.1% 0.1% 0.09%
Revenue 5Y 10.6% 10.7% 10.9% 11.6% 12.5% 13.3% 13.7% 13.1% 11.7% 10.5% 9.9% 8.8% 7.9% 6.7% 6.8% 6.7% 5.9% 5.5% 4.7% 4.4% 4.36%
EPS 3Y 14.8% 6.6% 7.6% 13.0% 18.5% 20.2% 25.7% 9.9% 1.3% -6.8% -12.8% -0.6% 1.7% 4.8% 5.7% -2.8% -8.6% -9.6% -10.6% 1.7% 1.68%
EPS 5Y 13.0% 10.2% 8.3% 9.1% 11.7% 15.3% 15.8% 7.9% 4.5% -0.8% -1.4% 8.5% 9.7% 8.8% 10.1% 4.3% 1.2% -0.2% -1.7% -0.5% -0.49%
Net Income 3Y 14.7% 6.0% 6.8% 12.0% 17.4% 19.1% 24.6% 8.4% 0.0% -8.1% -13.9% -1.8% 0.7% 3.4% 3.8% -4.8% -10.7% -11.7% -13.1% -1.2% -1.23%
Net Income 5Y 12.2% 9.2% 7.3% 7.9% 10.6% 14.4% 15.1% 7.2% 3.9% -1.4% -2.0% 7.8% 8.9% 7.4% 8.3% 2.4% -0.8% -2.2% -3.9% -2.9% -2.95%
EBITDA 3Y 11.5% 8.3% 9.8% 12.8% 16.7% 17.3% 20.9% 8.4% 2.6% -3.2% -7.8% 1.7% 3.8% 5.9% 5.9% -1.1% -6.0% -7.2% -8.3% 2.0% 2.01%
EBITDA 5Y 8.7% 6.6% 6.0% 7.3% 9.8% 11.2% 12.3% 6.6% 5.0% 3.1% 3.2% 9.7% 9.9% 8.2% 8.3% 3.9% 1.6% 0.5% -0.7% 0.5% 0.50%
Gross Profit 3Y 12.5% 11.6% 11.8% 12.4% 12.8% 12.6% 14.8% 13.2% 9.9% 7.8% 4.5% 4.3% 5.0% 5.2% 4.7% 2.5% 0.0% -2.0% -2.5% -1.2% -1.19%
Gross Profit 5Y 8.9% 8.4% 8.1% 9.0% 10.3% 11.4% 12.3% 11.7% 10.9% 9.9% 9.6% 9.3% 8.1% 6.6% 6.6% 5.8% 4.8% 4.4% 3.4% 3.3% 3.32%
Op. Income 3Y 11.6% 7.6% 10.1% 15.4% 21.0% 21.5% 26.0% 9.0% 0.3% -7.0% -12.9% -1.2% 1.0% 3.7% 3.6% -5.1% -10.7% -12.0% -12.9% 0.4% 0.43%
Op. Income 5Y 9.2% 6.5% 5.8% 7.3% 10.1% 11.4% 12.4% 5.2% 2.9% 0.4% 0.5% 9.8% 10.4% 8.6% 8.8% 2.5% -0.8% -2.4% -3.6% -1.7% -1.73%
FCF 3Y 18.0% -2.9% -18.1% -27.9% -14.3% -7.3% -4.2% -25.6% -30.1% -37.1% -28.3% -16.0% 1.1% 24.4% 40.0% 69.5% 55.5% 61.3% 76.4% 79.1% 79.07%
FCF 5Y 6.7% -4.6% -13.7% -19.4% -12.9% -12.1% -12.2% -14.7% -10.5% -13.0% -2.9% 6.8% 13.8% 20.9% 23.6% 10.3% 4.6% 2.6% 1.3% 2.4% 2.42%
OCF 3Y 15.0% -1.1% -10.5% -13.9% -4.1% 3.4% 9.0% -8.2% -17.1% -24.5% -21.5% -12.1% 0.9% 18.3% 25.9% 36.2% 30.6% 32.3% 38.1% 38.5% 38.47%
OCF 5Y 8.1% -0.9% -6.7% -7.8% -4.0% -2.3% -1.2% -3.1% -3.4% -5.8% -0.5% 5.7% 11.1% 16.3% 18.0% 8.9% 4.2% 2.3% 1.1% 2.1% 2.12%
Assets 3Y 23.2% 26.1% 12.2% 14.2% 15.1% 13.6% 10.0% 8.4% 8.5% 9.8% 8.7% 7.9% 6.9% 4.4% 2.9% 0.8% -1.1% 0.4% -0.3% -0.5% -0.47%
Assets 5Y 16.2% 18.3% 16.8% 17.0% 18.9% 19.2% 18.0% 18.5% 18.3% 18.6% 9.3% 10.1% 9.0% 8.2% 6.1% 4.6% 3.8% 5.2% 4.3% 3.6% 3.56%
Equity 3Y 19.8% 17.3% 15.0% 15.1% 16.3% 16.6% 16.6% 11.9% 10.7% 9.5% 10.3% 9.8% 10.5% 9.4% 6.5% 3.1% 2.4% -0.6% -4.3% -3.3% -3.28%
Book Value 3Y 20.0% 17.9% 15.8% 16.1% 17.4% 17.7% 17.6% 13.4% 12.1% 11.0% 11.7% 11.1% 11.6% 11.0% 8.4% 5.3% 4.8% 1.8% -1.6% -0.4% -0.44%
Dividend 3Y 1.6% 2.4% 3.1% 3.9% 4.8% 5.0% 5.0% 5.5% 5.4% 5.0% 4.2% 3.7% 2.8% 2.9% 3.0% 2.7% 2.6% 2.5% 2.8% 2.8% 2.80%
Growth Quality
Metric Trend 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 Q3'26 Current
Revenue Stability 0.92 0.93 0.95 0.96 0.97 0.96 0.98 0.99 0.97 0.89 0.86 0.88 0.88 0.76 0.69 0.69 0.66 0.55 0.51 0.61 0.609
Earnings Stability 0.83 0.86 0.63 0.74 0.88 0.86 0.76 0.67 0.45 0.12 0.09 0.56 0.38 0.12 0.04 0.02 0.02 0.05 0.10 0.57 0.565
Margin Stability 0.96 0.96 0.95 0.95 0.96 0.96 0.95 0.95 0.97 0.97 0.96 0.97 0.98 0.98 0.97 0.97 0.98 0.98 0.97 0.98 0.976
Rev. Growth Consistency 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 0.00 0.00 0.00 1.00 0.50 0.50 0.50 0.00 0.00 1.00 1.00 1.000
Earn. Growth Consistency 1.00 0.00 0.00 0.00 1.00 0.50 0.50 0.00 0.00 0.00 0.00 0.50 0.50 0.50 0.50 0.00 0.00 0.00 0.00 0.50 0.500
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 0.90 1.00 0.94 0.97 0.97 0.88 0.82 0.99 0.90 0.84 0.81 0.98 0.89 0.83 0.50 0.93 0.90 0.93 0.94 0.96 0.964
Earnings Smoothness 0.78 0.99 0.85 0.91 0.92 0.73 0.63 0.98 0.71 0.50 0.36 0.94 0.76 0.66 0.60 0.82 0.72 0.80 0.84 0.91 0.913
ROE Trend 0.05 0.02 -0.01 -0.01 0.00 0.01 0.02 -0.07 -0.12 -0.14 -0.15 -0.03 -0.00 0.02 0.02 -0.01 -0.03 0.00 0.03 0.03 0.032
Gross Margin Trend -0.01 -0.01 -0.02 -0.02 -0.01 -0.00 0.01 0.01 0.01 0.01 0.00 0.00 -0.00 -0.01 -0.01 -0.01 -0.01 -0.01 -0.00 -0.00 -0.002
FCF Margin Trend 0.01 -0.05 -0.08 -0.10 -0.09 -0.08 -0.09 -0.07 -0.04 -0.02 0.02 0.06 0.07 0.08 0.06 0.05 0.06 0.07 0.08 0.05 0.054
Sustainable Growth Rate 26.3% 22.0% 19.4% 20.9% 25.4% 27.4% 27.5% 17.3% 13.1% 9.6% 7.4% 16.1% 17.6% 17.0% 15.9% 12.0% 11.0% 12.5% 13.3% 15.5% 15.52%
Internal Growth Rate 11.5% 9.0% 7.9% 9.0% 10.8% 11.3% 11.9% 7.3% 5.5% 4.0% 3.2% 7.4% 8.1% 7.3% 6.9% 5.3% 4.9% 5.1% 5.3% 6.4% 6.43%
Cash Flow Quality
Metric Trend 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 Q3'26 Current
OCF/Net Income 1.36 1.01 0.78 0.60 0.67 0.66 0.61 0.79 0.93 0.99 1.43 1.21 1.36 1.51 1.40 1.77 2.09 2.22 2.45 2.17 2.173
FCF/OCF 0.81 0.72 0.59 0.43 0.52 0.49 0.44 0.42 0.51 0.51 0.69 0.78 0.82 0.83 0.82 0.84 0.87 0.90 0.91 0.90 0.901
FCF/Net Income snapshot only 1.958
OCF/EBITDA snapshot only 1.189
CapEx/Revenue 2.6% 2.6% 2.8% 3.1% 3.2% 3.4% 3.7% 3.7% 3.3% 3.2% 2.7% 2.4% 2.3% 2.3% 2.3% 2.1% 1.9% 1.7% 1.6% 1.6% 1.64%
CapEx/Depreciation snapshot only 0.535
Accruals Ratio -0.05 -0.00 0.02 0.05 0.05 0.05 0.06 0.02 0.01 0.00 -0.03 -0.02 -0.04 -0.06 -0.04 -0.07 -0.10 -0.11 -0.13 -0.12 -0.121
Sloan Accruals snapshot only -0.107
Cash Flow Adequacy snapshot only 3.463
Earnings Quality Score snapshot only 0.750
Dividends & Buybacks
Metric Trend 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 Q3'26 Current
Dividend Yield 1.2% 1.2% 1.5% 1.4% 1.2% 1.1% 1.3% 1.4% 1.7% 1.5% 1.6% 1.6% 1.8% 1.8% 2.2% 2.1% 2.1% 1.7% 1.6% 1.7% 1.57%
Dividend/Share $1.05 $1.09 $1.12 $1.16 $1.19 $1.23 $1.27 $1.32 $1.35 $1.38 $1.39 $1.42 $1.43 $1.48 $1.51 $1.52 $1.53 $1.54 $1.55 $1.57 $1.55
Payout Ratio 27.4% 31.4% 33.3% 31.7% 28.4% 27.0% 25.9% 36.6% 43.0% 50.0% 55.0% 37.1% 35.7% 37.0% 37.8% 45.3% 47.8% 45.6% 44.3% 41.3% 41.32%
FCF Payout Ratio 24.9% 43.6% 71.6% 1.2% 81.8% 82.4% 96.7% 1.1% 90.2% 99.8% 55.8% 39.5% 32.1% 29.5% 33.1% 30.6% 26.1% 22.8% 19.8% 21.1% 21.10%
Total Payout Ratio 1.0% 1.3% 1.1% 92.6% 59.9% 40.5% 43.2% 60.4% 61.2% 70.9% 72.3% 64.4% 94.3% 1.2% 1.5% 1.7% 1.4% 1.3% 1.6% 1.5% 1.48%
Div. Increase Streak 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 0 0 0
Chowder Number 0.06 0.07 0.09 0.11 0.13 0.13 0.14 0.14 0.15 0.12 0.11 0.09 0.07 0.06 0.05 0.04 0.03 0.02 0.02 0.01 0.013
Buyback Yield 3.1% 3.6% 3.4% 2.7% 1.3% 0.6% 0.8% 0.9% 0.7% 0.6% 0.5% 1.2% 3.0% 4.1% 6.2% 5.9% 3.9% 3.2% 4.4% 4.4% 4.40%
Net Buyback Yield 3.1% 3.6% 3.4% 2.7% 1.3% 0.6% 0.8% 0.9% 0.7% 0.6% 0.5% 1.2% 3.0% 4.1% 6.2% 5.9% 3.9% 3.1% 4.0% 3.9% 3.94%
Total Shareholder Return 4.3% 4.8% 4.9% 4.2% 2.5% 1.7% 2.1% 2.2% 2.5% 2.1% 2.1% 2.8% 4.8% 5.9% 8.4% 8.0% 6.0% 4.7% 5.6% 5.7% 5.65%
DuPont Factors
Metric Trend 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 Q3'26 Current
Tax Burden (NI/EBT) 0.82 0.82 0.81 0.81 0.80 0.81 0.80 0.83 0.82 0.82 0.83 0.81 0.82 0.82 0.82 0.83 0.84 0.83 0.82 0.79 0.786
Interest Burden (EBT/EBIT) 0.95 0.94 0.94 0.94 0.94 0.93 0.93 0.89 0.87 0.85 0.83 0.89 0.89 0.89 0.89 0.87 0.86 0.87 0.88 0.89 0.892
EBIT Margin 0.13 0.12 0.11 0.12 0.13 0.14 0.14 0.11 0.10 0.09 0.09 0.12 0.13 0.12 0.12 0.10 0.10 0.10 0.10 0.11 0.109
Asset Turnover 1.37 1.31 1.27 1.34 1.39 1.37 1.34 1.35 1.26 1.18 1.16 1.23 1.27 1.22 1.19 1.25 1.28 1.23 1.24 1.35 1.348
Equity Multiplier 2.55 2.67 2.64 2.54 2.59 2.69 2.59 2.54 2.52 2.49 2.36 2.35 2.36 2.49 2.44 2.38 2.34 2.56 2.63 2.57 2.568
Per Share
Metric Trend 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 Q3'26 Current
EPS (Diluted TTM) $3.81 $3.47 $3.38 $3.66 $4.21 $4.55 $4.90 $3.62 $3.14 $2.75 $2.53 $3.82 $4.01 $4.00 $3.98 $3.36 $3.21 $3.37 $3.50 $3.80 $3.80
Book Value/Share $10.70 $10.56 $11.57 $12.20 $12.83 $13.68 $14.78 $14.16 $14.40 $14.78 $15.74 $15.66 $14.86 $14.43 $14.75 $14.25 $14.75 $14.44 $14.09 $13.98 $14.04
Tangible Book/Share $2.88 $-0.55 $0.50 $1.02 $1.73 $2.68 $3.86 $4.57 $4.96 $5.40 $6.46 $6.45 $5.77 $5.18 $5.38 $5.67 $6.21 $3.88 $3.54 $3.35 $3.35
Revenue/Share $36.82 $37.90 $38.96 $40.81 $42.86 $44.81 $45.66 $45.47 $43.40 $42.08 $42.10 $42.98 $43.91 $45.00 $45.41 $45.66 $45.79 $46.32 $47.99 $49.73 $49.94
FCF/Share $4.20 $2.50 $1.57 $0.96 $1.46 $1.49 $1.31 $1.19 $1.50 $1.38 $2.49 $3.58 $4.47 $5.01 $4.55 $4.97 $5.87 $6.72 $7.82 $7.44 $7.47
OCF/Share $5.17 $3.49 $2.65 $2.21 $2.82 $3.02 $2.99 $2.85 $2.93 $2.71 $3.62 $4.61 $5.46 $6.03 $5.57 $5.95 $6.72 $7.49 $8.57 $8.26 $8.29
Cash/Share $3.77 $1.82 $2.49 $2.20 $1.79 $1.65 $1.43 $1.42 $1.84 $1.90 $1.80 $2.12 $1.91 $1.68 $1.76 $2.03 $3.46 $1.92 $1.86 $1.83 $1.84
EBITDA/Share $5.84 $5.46 $5.40 $5.84 $6.62 $7.12 $7.62 $6.00 $5.51 $5.08 $4.81 $6.51 $6.73 $6.78 $6.78 $6.01 $5.88 $6.11 $6.38 $6.94 $6.94
Debt/Share $7.08 $11.06 $11.06 $10.74 $10.16 $11.06 $10.56 $11.32 $11.09 $12.55 $10.86 $10.63 $9.97 $12.04 $12.11 $11.53 $10.37 $1.14 $11.71 $11.28 $11.28
Net Debt/Share $3.31 $9.24 $8.57 $8.54 $8.37 $9.41 $9.13 $9.90 $9.25 $10.65 $9.06 $8.51 $8.06 $10.36 $10.34 $9.50 $6.91 $-0.78 $9.85 $9.44 $9.44
Academic Models
Metric Trend 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 Q3'26 Current
Altman Z-Score — — — — — — — — — — — — — — — — — — — — 4.967
Altman Z-Prime snapshot only 7.554
Piotroski F-Score 7 5 4 5 5 8 8 5 4 4 6 7 7 7 6 5 7 5 7 8 8
Beneish M-Score -2.43 -2.14 -2.11 -2.00 -2.14 -2.26 -2.24 -2.31 -2.24 -2.22 -2.32 -2.29 -2.54 -2.73 -2.71 -2.93 -3.16 -2.91 -3.09 -2.93 -2.925
Ohlson O-Score snapshot only -7.637
ROIC (Greenblatt) snapshot only 40.12%
Net-Net WC snapshot only $-5.67
EVA snapshot only $163452315.02
Credit
Metric Trend 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 Q3'26 Current
Credit Rating snapshot only AA
Credit Score 88.89 75.35 75.64 77.49 80.92 75.19 76.54 74.58 72.14 71.77 71.37 78.02 79.23 78.48 80.33 80.20 85.42 86.80 83.74 85.14 85.136
Credit Grade snapshot only 3
Credit Trend snapshot only 4.938
Implied Spread (bps) snapshot only 80.000
Industry Credit Rank snapshot only 75
Sector Credit Rank snapshot only 69

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