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TYL NYSE

Tyler Technologies, Inc.
1W: +3.2% 1M: -10.9% 3M: -2.6% YTD: -29.2% 1Y: -46.2% 3Y: -20.2% 5Y: -22.6%
$313.25
+4.51 (+1.46%)
 
Weekly Expected Move ±5.8%
$276 $294 $312 $330 $348
NYSE · Technology · Software - Application · Alpha Radar Strong Sell · Power 40 · $13.2B mcap · 42M float · 1.46% daily turnover · Short 72% of daily vol

Edge Score

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

WEAK EDGE
50.4 / 100
NoneWeakNarrowWide
Primary source: Cost Advantage  ·  ROIC: 8.8%  ·  5Y Avg: 10.4%
Cost Advantage ★
58
Intangibles
47
Switching Cost
50
Network Effect
47
Scale
50
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. TYL shows a Weak competitive edge (50.4/100) — limited structural advantages that may face competitive pressure. The primary source of advantage is Cost Advantage. ROIC of 8.8% 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
$360
Low
$419
Avg Target
$455
High
Based on 4 analysts since Apr 29, 2026 earnings
Analyst Recommendations
Strong Buy: 0Buy: 25Hold: 12Sell: 0Strong Sell: 0
Rating Summary
ConsensusBuy
Avg Target$419.00
Analysts5
Price Target Change History
DateFirmAnalystOldNewChangeUpside @ CallStock@Call
2026-05-01 Truist Financial Terry Tillman $675 $440 -235 +29.8% $339.11
2026-05-01 Robert W. Baird $440 $455 +15 +34.0% $339.56
2026-05-01 Cantor Fitzgerald Matthew VanVliet $325 $360 +35 +6.4% $338.32
2026-05-01 Barclays $410 $420 +10 +23.1% $341.14
2026-04-10 BTIG $470 $420 -50 +32.6% $316.65
2026-02-13 Goldman Sachs $560 $420 -140 +38.3% $303.71
2026-02-13 Robert W. Baird $660 $440 -220 +44.0% $305.46
2026-02-13 Cantor Fitzgerald Matthew VanVliet $600 $325 -275 +6.9% $304.14
2026-02-13 Oppenheimer $510 $450 -60 +49.9% $300.14
2026-02-13 Piper Sandler Clarke Jeffries $671 $543 -128 +89.2% $287.04
2026-02-13 Barclays Saket Kalia $695 $410 -285 +42.8% $287.04
2026-02-11 D.A. Davidson $510 $460 -50 +27.6% $360.51
2026-02-09 BTIG $560 $470 -90 +34.9% $348.35
2026-01-23 Oppenheimer Ken Wong $600 $510 -90 +15.8% $440.58
2026-01-13 Piper Sandler Clarke Jeffries $625 $671 +46 +50.3% $446.46
2026-01-13 Goldman Sachs Initiated $560 +25.4% $446.46
2026-01-08 Wells Fargo Michael Turrin $615 $470 -145 +4.9% $448.23
2026-01-07 Stifel Nicolaus Initiated $550 +22.7% $448.23
2025-12-16 BTIG $550 $560 +10 +24.4% $450.11
2025-12-09 D.A. Davidson Peter Heckmann $540 $510 -30 +11.0% $459.51
2025-10-31 D.A. Davidson Peter Heckmann $560 $540 -20 +12.1% $481.69
2025-10-31 Robert W. Baird $700 $660 -40 +38.1% $478.08
2025-10-31 Truist Financial Terry Tillman $600 $675 +75 +41.7% $476.50
2025-10-30 Oppenheimer Ken Wong $625 $600 -25 +25.5% $478.08
2025-10-10 D.A. Davidson $585 $560 -25 +11.1% $504.05
2025-08-05 D.A. Davidson $550 $585 +35 -3.9% $608.68
2025-06-03 Cantor Fitzgerald Matthew VanVliet Initiated $600 +4.5% $574.01
2025-04-25 Robert W. Baird Initiated $700 +33.4% $524.64
2025-04-25 Barclays Saket Kalia $350 $695 +345 +32.5% $524.64
2025-01-07 Wells Fargo Michael Turrin $550 $615 +65 +9.1% $563.54
2024-10-22 Needham Scott Berg $600 $700 +100 +19.3% $586.77
2024-10-17 D.A. Davidson Peter Heckmann $456 $550 +94 -6.4% $587.38
2024-07-26 Truist Financial Terry Tillman $560 $600 +40 +3.7% $578.68
2024-07-26 Piper Sandler Clarke Jeffries Initiated $625 +10.7% $564.34
2024-07-26 Oppenheimer Ken Wong $500 $625 +125 +10.7% $564.34
2024-07-22 D.A. Davidson Peter Heckmann $440 $456 +16 -13.8% $529.09
2024-05-23 Truist Financial Terry Tillman $500 $560 +60 +13.2% $494.50
2024-05-22 BTIG Matthew VanVliet Initiated $550 +10.9% $495.98
2024-05-22 Wells Fargo Michael Turrin $435 $550 +115 +10.9% $495.98
2024-05-21 Loop Capital Markets Mark Schappel Initiated $530 +7.3% $493.92
2024-05-21 Needham Scott Berg $475 $600 +125 +21.5% $493.92
2024-04-25 Oppenheimer Ken Wong Initiated $500 +9.2% $458.07
2023-06-16 Needham Joshua Reilly Initiated $475 +21.0% $392.44
2023-01-11 Barclays Initiated $350 +11.6% $313.76
2022-07-12 Truist Financial Terry Tillman Initiated $500 +54.2% $324.19
2022-06-14 Wells Fargo Michael Turrin $405 $435 +30 +40.3% $309.99
2022-04-25 Wells Fargo Initiated $405 +5.1% $385.40
2021-07-25 D.A. Davidson Peter Heckmann Initiated $440 -11.0% $494.39
2021-06-07 RBC Capital Matthew Hedberg Initiated $500 +21.0% $413.17

Financial Rating

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

A-
May 22, 2026
DCF
4
ROE
4
ROA
4
D/E
4
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. TYL receives an overall rating of A-. Strongest factors: DCF (4/5), ROE (4/5), ROA (4/5), D/E (4/5). Areas of concern: P/E (2/5), P/B (2/5).
Rating Change History
DateFromTo
2026-05-11 B+ A-
2026-05-01 B B+
2026-03-20 B+ B
2026-03-16 B B+
2026-03-12 B+ B
2026-03-10 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.

69 Grade A+
Profitability
48
Balance Sheet
83
Earnings Quality
61
Growth
52
Value
30
Momentum
81
Safety
100
Cash Flow
89
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. TYL scores highest in Safety (100/100) and lowest in Value (30/100). An overall grade of A+ places TYL 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
5.25
Safe Zone
Piotroski F-Score
8/9
Beneish M-Score
-2.75
Unlikely Manipulator
Ohlson O-Score
-9.16
Bankruptcy prob: 0.0%
Low Risk
Credit Rating
AA+
Score: 93.5/100
Trend: Stable
Earnings Quality
75/100
OCF/NI: 2.23x
Accruals: -7.2%
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. TYL scores 5.25, 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. TYL 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. TYL's score of -2.75 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. TYL'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. TYL receives an estimated rating of AA+ (score: 93.5/100), with a stable 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). TYL'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
42.39x
PEG
5.03x
P/S
5.55x
P/B
3.76x
P/FCF
21.50x
P/OCF
20.99x
EV/EBITDA
28.05x
EV/Revenue
6.03x
EV/EBIT
37.84x
EV/FCF
20.89x
Earnings Yield
2.14%
FCF Yield
4.65%
Shareholder Yield
1.69%
Graham Number
$118.75
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 42.4x earnings, TYL is priced for high growth expectations. Graham's intrinsic value formula yields $118.75 per share, 164% 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
1.057
EBT / EBIT
×
EBIT Margin
0.159
EBIT / Rev
×
Asset Turnover
0.440
Rev / Assets
×
Equity Multiplier
1.526
Assets / Equity
=
ROE
8.9%
The 5-factor DuPont identity decomposes ROE as: Tax Burden × Interest Burden × EBIT Margin × Asset Turnover × Equity Multiplier = ROE. This reveals whether returns are driven by operating performance, financial leverage, or tax efficiency — three very different sources of profitability. TYL's ROE of 8.9% is driven by Asset Turnover (0.440), indicating efficient use of assets to generate revenue.

Graham-Dodd Adjusted Valuation

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

Adj. Growth Rate
26.05%
Fair P/E
60.61x
Intrinsic Value
$443.06
Price/Value
0.77x
Margin of Safety
22.72%
Premium
-22.72%
Assessment
Undervalued
Graham's classic formula uses analyst-projected growth to estimate a fair P/E (8.5 + 2g). Our adjusted version replaces that projection with TYL's realized 26.1% 3-year EPS CAGR — what the company actually delivered, not what analysts hope for. At an intrinsic value of $443.06, TYL appears undervalued with a 23% margin of safety. The adjusted fair P/E of 60.6x compares to the current market P/E of 42.4x.

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
$313.12
Median 1Y
$318.03
5th Pctile
$189.50
95th Pctile
$533.06
Ann. Volatility
31.4%
Analyst Target
$419.00
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
H. Lynn Moore,
Jr. President and Chief Executive Officer
$675,000 $8,173,649 $8,858,370
Brian K. Miller
Executive Vice President and Chief Financial Officer
$425,000 $3,923,765 $4,360,897
Jeffrey D. Puckett
Chief Operating Officer
$325,000 $2,673,441 $3,005,809
Abigail M. Diaz
Chief Administrative Officer
$285,000 $1,563,057 $1,854,271
John S. Marr,
Jr. Executive Chairperson of the Board
$300,000 $899,260 $1,206,472

CEO Pay Ratio

36:1
CEO-to-Employee Pay Ratio
CEO Total Comp: $8,858,370
Avg Employee Cost (SGA/emp): $248,938
Employees: 1,868

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
1,868
+1443.8% YoY
Revenue / Employee
$1,248,576
Rev: $2,332,340,000
Profit / Employee
$168,952
NI: $315,603,000
SGA / Employee
$248,938
Avg labor cost proxy
R&D / Employee
$109,522
Innovation spend

Scaling Efficiency

All Ratios & Metrics

Complete fundamental data with up to 20 periods of history, sparkline trends, and current values across 13 categories and 130+ financial metrics.

Profitability
Metric Trend Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q4'22 Q1'23 Q2'23 Q3'23 Q4'23 Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Current
ROE 8.7% 8.9% 7.5% 7.6% 8.3% 8.7% 6.6% 6.3% 6.6% 6.4% 6.0% 6.8% 7.5% 8.5% 8.3% 9.2% 9.7% 10.0% 8.9% 8.9% 8.90%
ROA 6.5% 6.7% 4.4% 4.5% 4.9% 5.1% 3.5% 3.3% 3.5% 3.4% 3.5% 4.0% 4.4% 5.1% 5.3% 5.9% 6.2% 6.4% 5.8% 5.8% 5.84%
ROIC 13.8% 14.9% 6.1% 6.3% 6.0% 6.4% 5.5% 5.2% 5.5% 5.2% 5.3% 5.8% 6.2% 6.8% 7.8% 8.5% 8.9% 9.0% 8.8% 8.8% 8.83%
ROCE 8.6% 8.9% 4.7% 5.1% 5.6% 5.7% 5.7% 5.4% 5.6% 5.7% 6.0% 6.7% 7.1% 7.7% 7.6% 8.3% 8.9% 9.4% 9.9% 9.8% 9.78%
Gross Margin 42.2% 39.6% 40.0% 39.0% 38.4% 40.1% 38.7% 38.5% 40.6% 41.8% 40.3% 40.1% 41.4% 41.2% 41.2% 44.8% 43.5% 47.2% 43.1% 48.3% 48.32%
Operating Margin 13.9% 13.0% 11.3% 12.5% 12.1% 12.9% 9.2% 9.5% 12.3% 12.9% 9.9% 13.1% 14.4% 15.2% 13.2% 15.8% 16.0% 16.4% 13.0% 16.3% 16.27%
Net Margin 6.3% 9.6% 12.6% 8.8% 8.5% 11.2% 6.9% 6.5% 9.7% 9.5% 8.1% 10.6% 12.5% 14.0% 12.1% 14.3% 14.2% 14.2% 11.4% 13.2% 13.23%
EBITDA Margin 19.4% 21.0% 20.6% 21.4% 20.6% 22.5% 19.4% 18.7% 20.4% 22.0% 19.3% 21.3% 21.5% 22.9% 21.1% 23.6% 23.6% 23.3% 19.4% 19.7% 19.70%
FCF Margin 21.9% 21.1% 19.9% 16.9% 21.4% 17.0% 17.9% 19.0% 13.7% 16.0% 16.8% 16.1% 19.9% 23.7% 27.1% 26.3% 27.6% 26.9% 27.3% 28.9% 28.89%
OCF Margin 24.4% 24.0% 23.3% 20.2% 24.8% 20.5% 20.6% 21.6% 16.1% 18.5% 19.5% 19.0% 22.7% 26.3% 29.2% 27.8% 28.6% 27.6% 28.0% 29.6% 29.60%
ROE 3Y Avg snapshot only 7.84%
ROE 5Y Avg snapshot only 7.30%
ROA 3Y Avg snapshot only 5.08%
ROIC 3Y Avg snapshot only 8.20%
ROIC Economic snapshot only 6.69%
Cash ROA snapshot only 12.50%
Cash ROIC snapshot only 21.47%
CROIC snapshot only 20.96%
NOPAT Margin snapshot only 12.17%
Pretax Margin snapshot only 16.86%
R&D / Revenue snapshot only 9.09%
SGA / Revenue snapshot only 19.82%
SBC / Revenue snapshot only 6.33%
Valuation
Metric Trend Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q4'22 Q1'23 Q2'23 Q3'23 Q4'23 Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Current
P/E Ratio 122.16 120.63 141.72 114.81 78.66 78.41 83.27 97.17 108.36 104.64 108.29 96.81 104.69 107.75 96.27 87.23 84.89 72.56 62.63 46.84 42.390
P/S Ratio 15.02 13.45 14.37 10.77 7.74 8.05 7.39 8.08 9.36 8.60 9.21 9.19 10.72 12.28 11.84 11.54 11.60 9.95 8.47 6.21 5.548
P/B Ratio 9.59 9.77 9.85 8.12 6.05 6.34 5.21 5.74 6.78 6.30 6.12 6.23 7.41 8.68 7.47 7.46 7.69 6.75 5.34 3.99 3.761
P/FCF 68.68 63.65 72.38 63.90 36.18 47.27 41.28 42.59 68.29 53.75 54.87 57.07 54.01 51.73 43.68 43.88 41.97 36.96 31.00 21.50 21.502
P/OCF 61.44 56.13 61.55 53.40 31.23 39.34 35.85 37.44 58.04 46.61 47.23 48.52 47.19 46.60 40.54 41.53 40.50 36.06 30.24 20.99 20.986
EV/EBITDA 66.26 61.72 73.88 55.05 39.73 40.44 37.40 42.01 48.43 44.85 47.09 45.57 52.19 58.84 54.30 51.51 50.54 43.13 36.86 28.05 28.048
EV/Revenue 14.50 13.00 15.02 11.35 8.30 8.61 7.84 8.53 9.80 9.04 9.47 9.46 10.98 12.53 11.78 11.48 11.54 9.90 8.29 6.03 6.035
EV/EBIT 104.97 103.05 131.51 99.68 69.20 70.81 67.19 77.24 88.13 80.76 83.33 77.06 85.08 91.49 80.20 73.61 70.87 58.76 50.37 37.84 37.839
EV/FCF 66.32 61.51 75.63 67.38 38.82 50.57 43.80 44.96 71.50 56.46 56.47 58.69 55.31 52.78 43.46 43.65 41.76 36.75 30.34 20.89 20.890
Earnings Yield 0.8% 0.8% 0.7% 0.9% 1.3% 1.3% 1.2% 1.0% 0.9% 1.0% 0.9% 1.0% 1.0% 0.9% 1.0% 1.1% 1.2% 1.4% 1.6% 2.1% 2.14%
FCF Yield 1.5% 1.6% 1.4% 1.6% 2.8% 2.1% 2.4% 2.3% 1.5% 1.9% 1.8% 1.8% 1.9% 1.9% 2.3% 2.3% 2.4% 2.7% 3.2% 4.7% 4.65%
PEG Ratio snapshot only 5.035
Price/Tangible Book snapshot only 56.016
EV/OCF snapshot only 20.388
EV/Gross Profit snapshot only 13.241
Acquirers Multiple snapshot only 39.006
Shareholder Yield snapshot only 1.69%
Graham Number snapshot only $118.75
Leverage & Solvency
Metric Trend Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q4'22 Q1'23 Q2'23 Q3'23 Q4'23 Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Current
Current Ratio 1.97 1.97 1.16 1.16 1.16 1.16 0.95 0.95 0.95 0.95 0.86 0.86 0.86 0.86 1.35 1.35 1.35 1.35 1.05 1.05 1.050
Quick Ratio 1.97 1.97 1.16 1.16 1.16 1.16 0.95 0.95 0.95 0.95 0.86 0.86 0.86 0.86 1.35 1.35 1.35 1.35 1.05 1.05 1.050
Debt/Equity 0.01 0.01 0.60 0.60 0.60 0.60 0.40 0.40 0.40 0.40 0.24 0.24 0.24 0.24 0.19 0.19 0.19 0.19 0.18 0.18 0.183
Net Debt/Equity -0.33 -0.33 0.44 0.44 0.44 0.44 0.32 0.32 0.32 0.32 0.18 0.18 0.18 0.18 -0.04 -0.04 -0.04 -0.04 -0.11 -0.11 -0.114
Debt/Assets 0.01 0.01 0.29 0.29 0.29 0.29 0.22 0.22 0.22 0.22 0.15 0.15 0.15 0.15 0.12 0.12 0.12 0.12 0.12 0.12 0.120
Debt/EBITDA 0.08 0.07 4.29 3.84 3.65 3.56 2.70 2.76 2.72 2.70 1.77 1.69 1.63 1.58 1.38 1.31 1.25 1.21 1.29 1.32 1.320
Net Debt/EBITDA -2.36 -2.15 3.17 2.84 2.70 2.63 2.15 2.21 2.17 2.16 1.33 1.26 1.22 1.18 -0.28 -0.27 -0.25 -0.25 -0.80 -0.82 -0.822
Interest Coverage 14.08 10.20 7.97 7.23 10.19 8.81 7.61 6.59 6.73 7.69 9.39 13.48 20.15 33.78 52.96 68.46 73.10 77.39 76.89 78.85 78.852
Equity Multiplier 1.31 1.31 2.04 2.04 2.04 2.04 1.79 1.79 1.79 1.79 1.59 1.59 1.59 1.59 1.53 1.53 1.53 1.53 1.52 1.52 1.523
Cash Ratio snapshot only 0.625
Debt Service Coverage snapshot only 106.378
Cash to Debt snapshot only 1.623
FCF to Debt snapshot only 1.017
Defensive Interval snapshot only 896.3 days
Efficiency & Turnover
Metric Trend Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q4'22 Q1'23 Q2'23 Q3'23 Q4'23 Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Current
Asset Turnover 0.53 0.60 0.43 0.48 0.50 0.50 0.39 0.40 0.40 0.41 0.42 0.43 0.43 0.44 0.43 0.44 0.46 0.47 0.43 0.44 0.440
Inventory Turnover
Receivables Turnover 3.35 3.81 3.53 3.88 4.03 4.05 3.37 3.40 3.46 3.50 3.26 3.33 3.39 3.47 3.54 3.63 3.72 3.81 3.80 3.88 3.882
Payables Turnover 47.41 56.39 13.84 15.67 16.50 16.58 10.03 10.14 10.23 10.28 9.28 9.41 9.55 9.80 8.32 8.36 8.49 8.45 4.94 4.96 4.963
DSO 109 96 104 94 91 90 108 107 105 104 112 110 108 105 103 101 98 96 96 94 94.0 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 8 6 26 23 22 22 36 36 36 36 39 39 38 37 44 44 43 43 74 74 73.5 days
Cash Conversion Cycle 101 89 77 71 69 68 72 71 70 69 73 71 69 68 59 57 55 53 22 20 20.5 days
Fixed Asset Turnover snapshot only 12.149
Cash Velocity snapshot only 2.170
Capital Intensity snapshot only 2.369
Growth (YoY)
Metric Trend Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q4'22 Q1'23 Q2'23 Q3'23 Q4'23 Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Current
Revenue 14.0% 28.5% 42.6% 54.5% 43.4% 27.0% 16.2% 6.4% 4.6% 5.0% 5.5% 6.8% 6.7% 8.0% 9.5% 10.0% 10.7% 10.6% 9.1% 8.7% 8.68%
Net Income -17.4% -14.3% -17.1% -10.7% 14.8% 16.9% 1.7% -5.7% -8.1% -15.9% 1.0% 22.0% 26.5% 49.7% 58.5% 53.2% 47.6% 33.2% 20.0% 8.9% 8.91%
EPS -18.7% -15.6% -18.3% -11.5% 14.1% 16.6% 2.0% -5.8% -9.1% -16.7% -0.3% 20.3% 24.9% 46.8% 55.1% 51.8% 45.4% 33.1% 21.0% 9.7% 9.68%
FCF 3.4% -1.5% -3.2% -13.7% 40.3% 2.3% 4.8% 19.8% -33.0% -1.3% -1.2% -9.3% 54.5% 60.2% 77.0% 79.5% 54.0% 25.5% 10.0% 19.3% 19.33%
EBITDA 13.2% 18.9% 26.1% 38.5% 36.9% 28.4% 19.9% 4.7% 1.3% -0.6% 1.2% 9.2% 10.9% 14.1% 18.2% 18.2% 20.1% 19.2% 13.1% 4.9% 4.86%
Op. Income 19.7% 18.8% 17.3% 25.0% 15.6% 10.7% 6.6% -7.8% -5.7% -5.0% 1.1% 17.7% 22.5% 29.8% 37.1% 33.8% 32.2% 28.6% 19.4% 14.5% 14.48%
OCF Growth snapshot only 15.71%
Asset Growth snapshot only 8.86%
Equity Growth snapshot only 9.28%
Debt Growth snapshot only 5.89%
Shares Change snapshot only -0.70%
Growth (CAGR)
Metric Trend Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q4'22 Q1'23 Q2'23 Q3'23 Q4'23 Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Current
Revenue 3Y 12.6% 16.5% 19.4% 22.2% 22.0% 20.8% 19.4% 18.7% 19.6% 19.7% 20.5% 20.6% 17.0% 12.9% 10.3% 7.7% 7.3% 7.9% 8.0% 8.5% 8.46%
Revenue 5Y 13.3% 14.8% 16.1% 17.7% 17.9% 17.5% 17.1% 16.7% 16.4% 16.1% 15.9% 15.7% 15.2% 14.9% 14.5% 14.4% 15.1% 15.4% 15.9% 16.0% 15.97%
EPS 3Y -5.6% -4.6% 0.9% 3.8% 9.0% 10.8% 2.5% -3.4% -5.5% -6.4% -6.0% 0.1% 9.0% 12.5% 16.4% 19.8% 18.2% 17.6% 23.2% 26.1% 26.05%
EPS 5Y 17.3% 17.3% 10.6% 7.6% 7.1% 5.5% -1.4% -3.0% -2.7% -3.4% 0.9% 4.9% 8.1% 10.7% 10.7% 10.5% 8.9% 9.9% 9.3% 10.8% 10.78%
Net Income 3Y -4.2% -3.3% 3.1% 6.3% 11.3% 12.7% 3.9% -2.4% -4.5% -5.5% -5.2% 0.9% 10.1% 13.8% 17.7% 20.8% 19.7% 18.8% 24.3% 26.7% 26.73%
Net Income 5Y 19.2% 19.2% 12.5% 9.5% 8.8% 7.1% 0.0% -1.8% -1.5% -2.3% 2.4% 6.7% 9.9% 12.5% 12.4% 11.7% 10.2% 11.0% 10.1% 11.4% 11.37%
EBITDA 3Y 7.5% 11.3% 14.1% 18.7% 20.1% 20.1% 17.9% 16.5% 16.2% 14.9% 15.2% 16.5% 15.4% 13.4% 12.8% 10.5% 10.5% 10.6% 10.6% 10.6% 10.59%
EBITDA 5Y 18.6% 17.4% 15.6% 15.2% 14.0% 13.6% 12.4% 11.4% 11.5% 12.0% 12.5% 13.8% 14.2% 14.5% 14.4% 15.3% 15.9% 15.6% 15.4% 14.4% 14.42%
Gross Profit 3Y 12.5% 14.7% 16.2% 17.4% 16.4% 15.3% 13.4% 12.7% 13.7% 13.6% 14.7% 14.8% 12.6% 10.7% 9.6% 9.5% 10.4% 12.2% 13.0% 14.3% 14.32%
Gross Profit 5Y 13.1% 13.5% 13.8% 14.5% 14.5% 14.1% 13.4% 13.0% 13.0% 13.2% 13.2% 13.3% 12.9% 12.5% 12.1% 12.7% 13.4% 14.2% 14.9% 15.2% 15.15%
Op. Income 3Y 5.3% 8.6% 10.0% 14.4% 14.6% 14.2% 11.4% 9.5% 9.3% 7.7% 8.1% 10.7% 10.2% 10.9% 13.9% 13.2% 15.2% 16.6% 18.3% 21.7% 21.70%
Op. Income 5Y 11.7% 11.8% 9.1% 9.7% 8.8% 7.9% 5.9% 4.4% 4.9% 6.1% 7.5% 10.2% 11.7% 12.9% 13.9% 15.6% 16.2% 15.8% 15.6% 15.8% 15.75%
FCF 3Y 14.3% 14.3% 12.4% 14.3% 26.4% 13.5% 15.9% 12.6% -0.9% -0.2% 0.1% -2.1% 13.3% 17.4% 22.4% 24.9% 16.8% 25.7% 24.4% 24.8% 24.79%
FCF 5Y 22.6% 23.3% 18.5% 16.1% 26.0% 16.0% 16.8% 17.2% 7.0% 8.6% 8.0% 10.1% 15.9% 18.3% 22.2% 18.4% 18.3% 14.9% 14.3% 15.0% 14.98%
OCF 3Y 13.2% 14.1% 14.1% 15.5% 24.9% 14.5% 14.4% 11.9% 0.4% 1.2% 2.3% 0.7% 14.2% 16.6% 18.9% 19.9% 12.6% 19.2% 19.7% 20.5% 20.51%
OCF 5Y 19.3% 19.7% 16.5% 14.3% 21.7% 14.0% 14.3% 15.9% 7.5% 8.8% 8.7% 10.5% 14.8% 17.0% 19.6% 16.2% 16.3% 13.1% 13.0% 13.7% 13.75%
Assets 3Y 17.9% 17.9% 38.2% 38.2% 38.2% 38.2% 28.8% 28.8% 28.8% 28.8% 21.5% 21.5% 21.5% 21.5% 3.1% 3.1% 3.1% 3.1% 6.4% 6.4% 6.35%
Assets 5Y 14.0% 14.0% 28.4% 28.4% 28.4% 28.4% 24.1% 24.1% 24.1% 24.1% 21.2% 21.2% 21.2% 21.2% 18.8% 18.8% 18.8% 18.8% 16.7% 16.7% 16.68%
Equity 3Y 19.4% 19.4% 20.6% 20.6% 20.6% 20.6% 17.5% 17.5% 17.5% 17.5% 13.9% 13.9% 13.9% 13.9% 13.4% 13.4% 13.4% 13.4% 12.2% 12.2% 12.16%
Book Value 3Y 17.6% 17.7% 18.0% 17.8% 18.2% 18.6% 15.9% 16.2% 16.3% 16.4% 13.0% 13.0% 12.9% 12.7% 12.2% 12.5% 12.0% 12.2% 11.2% 11.6% 11.56%
Dividend 3Y
Growth Quality
Metric Trend Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q4'22 Q1'23 Q2'23 Q3'23 Q4'23 Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Current
Revenue Stability 0.99 0.92 0.84 0.78 0.83 0.89 0.89 0.86 0.90 0.94 0.93 0.90 0.93 0.97 0.98 0.95 0.94 0.95 0.95 0.96 0.959
Earnings Stability 0.54 0.51 0.48 0.48 0.31 0.33 0.08 0.01 0.02 0.01 0.12 0.33 0.45 0.48 0.40 0.44 0.50 0.56 0.58 0.69 0.693
Margin Stability 0.99 0.97 0.96 0.94 0.93 0.93 0.93 0.91 0.92 0.92 0.92 0.92 0.92 0.94 0.94 0.94 0.93 0.93 0.92 0.92 0.920
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 0.00 0.00 0.00 0.50 0.50 0.50 0.00 0.00 0.00 1.00 0.50 0.50 0.50 1.00 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 0.93 0.94 0.93 0.96 0.94 0.93 0.99 0.98 0.97 0.94 1.00 0.91 0.89 0.80 0.50 0.50 0.81 0.87 0.92 0.96 0.964
Earnings Smoothness 0.81 0.85 0.81 0.89 0.86 0.84 0.98 0.94 0.92 0.83 0.99 0.80 0.77 0.60 0.55 0.58 0.62 0.72 0.82 0.91 0.915
ROE Trend -0.03 -0.03 -0.02 -0.03 -0.02 -0.02 -0.02 -0.02 -0.02 -0.02 -0.01 -0.00 0.00 0.01 0.02 0.02 0.02 0.02 0.02 0.01 0.010
Gross Margin Trend 0.00 -0.03 -0.04 -0.06 -0.07 -0.06 -0.05 -0.05 -0.03 -0.01 -0.00 0.01 0.02 0.01 0.01 0.02 0.02 0.04 0.04 0.04 0.042
FCF Margin Trend 0.00 -0.03 -0.05 -0.09 -0.02 -0.07 -0.07 -0.05 -0.08 -0.03 -0.02 -0.02 0.02 0.07 0.10 0.09 0.11 0.07 0.05 0.08 0.077
Sustainable Growth Rate 8.7% 8.9% 7.5% 7.6% 8.3% 8.7% 6.6% 6.3% 6.6% 6.4% 6.0% 6.8% 7.5% 8.5% 8.3% 9.2% 9.7% 10.0% 8.9% 8.9% 8.90%
Internal Growth Rate 6.9% 7.2% 4.6% 4.7% 5.1% 5.4% 3.6% 3.4% 3.6% 3.5% 3.7% 4.2% 4.6% 5.3% 5.6% 6.3% 6.6% 6.8% 6.2% 6.2% 6.20%
Cash Flow Quality
Metric Trend Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q4'22 Q1'23 Q2'23 Q3'23 Q4'23 Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Current
OCF/Net Income 1.99 2.15 2.30 2.15 2.52 1.99 2.32 2.60 1.87 2.24 2.29 2.00 2.22 2.31 2.37 2.10 2.10 2.01 2.07 2.23 2.232
FCF/OCF 0.89 0.88 0.85 0.84 0.86 0.83 0.87 0.88 0.85 0.87 0.86 0.85 0.87 0.90 0.93 0.95 0.97 0.98 0.98 0.98 0.976
FCF/Net Income snapshot only 2.178
OCF/EBITDA snapshot only 1.376
CapEx/Revenue 2.6% 2.8% 3.5% 3.3% 3.4% 3.4% 2.7% 2.6% 2.4% 2.4% 2.7% 2.8% 2.9% 2.6% 2.1% 1.5% 1.0% 0.7% 0.7% 0.7% 0.71%
CapEx/Depreciation snapshot only 0.128
Accruals Ratio -0.06 -0.08 -0.06 -0.05 -0.07 -0.05 -0.05 -0.05 -0.03 -0.04 -0.05 -0.04 -0.05 -0.07 -0.07 -0.06 -0.07 -0.06 -0.06 -0.07 -0.072
Sloan Accruals snapshot only -0.078
Cash Flow Adequacy snapshot only 41.653
Earnings Quality Score snapshot only 0.750
Dividends & Buybacks
Metric Trend Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q4'22 Q1'23 Q2'23 Q3'23 Q4'23 Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Current
Dividend Yield 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.00%
Dividend/Share $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Payout Ratio 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.00%
FCF Payout Ratio 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.00%
Total Payout Ratio 8.3% 8.1% 8.0% 7.9% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.5% 0.0% 0.0% 79.2% 79.20%
Div. Increase Streak
Chowder Number
Buyback Yield 0.1% 0.1% 0.1% 0.1% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 1.7% 1.69%
Net Buyback Yield -0.3% -0.4% -0.4% -0.5% -0.6% -0.5% -0.1% -0.0% -0.1% -0.1% -0.2% -0.2% -0.2% -0.3% -0.3% -0.3% -0.2% -0.1% -0.0% 1.7% 1.65%
Total Shareholder Return -0.3% -0.4% -0.4% -0.5% -0.6% -0.5% -0.1% -0.0% -0.1% -0.1% -0.2% -0.2% -0.2% -0.3% -0.3% -0.3% -0.2% -0.1% -0.0% 1.7% 1.65%
DuPont Factors
Metric Trend Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q4'22 Q1'23 Q2'23 Q3'23 Q4'23 Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Current
Tax Burden (NI/EBT) 0.96 0.98 1.02 0.96 0.91 0.95 0.88 0.89 0.91 0.84 0.84 0.84 0.84 0.86 0.85 0.86 0.85 0.83 0.81 0.79 0.786
Interest Burden (EBT/EBIT) 0.93 0.90 0.87 0.86 0.90 0.89 0.87 0.85 0.85 0.87 0.89 0.93 0.95 0.97 0.98 0.99 0.99 0.99 1.02 1.06 1.057
EBIT Margin 0.14 0.13 0.11 0.11 0.12 0.12 0.12 0.11 0.11 0.11 0.11 0.12 0.13 0.14 0.15 0.16 0.16 0.17 0.16 0.16 0.159
Asset Turnover 0.53 0.60 0.43 0.48 0.50 0.50 0.39 0.40 0.40 0.41 0.42 0.43 0.43 0.44 0.43 0.44 0.46 0.47 0.43 0.44 0.440
Equity Multiplier 1.33 1.33 1.70 1.70 1.70 1.70 1.90 1.90 1.90 1.90 1.68 1.68 1.68 1.68 1.56 1.56 1.56 1.56 1.53 1.53 1.526
Per Share
Metric Trend Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q4'22 Q1'23 Q2'23 Q3'23 Q4'23 Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Current
EPS (Diluted TTM) $3.70 $3.80 $3.80 $3.87 $4.23 $4.43 $3.87 $3.65 $3.84 $3.69 $3.86 $4.39 $4.80 $5.42 $5.99 $6.67 $6.98 $7.21 $7.25 $7.31 $7.31
Book Value/Share $47.18 $46.97 $54.64 $54.76 $54.91 $54.80 $61.87 $61.74 $61.39 $61.26 $68.37 $68.17 $67.89 $67.24 $77.16 $77.90 $77.13 $77.49 $85.04 $85.73 $83.28
Tangible Book/Share $19.40 $19.31 $-26.25 $-26.31 $-26.38 $-26.33 $-21.58 $-21.53 $-21.41 $-21.36 $-13.73 $-13.69 $-13.64 $-13.51 $-1.17 $-1.18 $-1.17 $-1.17 $6.06 $6.11 $6.11
Revenue/Share $30.12 $34.10 $37.43 $41.32 $42.96 $43.19 $43.62 $43.90 $44.48 $44.89 $45.42 $46.22 $46.89 $47.55 $48.68 $50.36 $51.12 $52.56 $53.56 $55.12 $55.72
FCF/Share $6.59 $7.21 $7.43 $6.96 $9.19 $7.35 $7.81 $8.33 $6.10 $7.18 $7.62 $7.45 $9.31 $11.28 $13.20 $13.25 $14.13 $14.15 $14.64 $15.92 $16.10
OCF/Share $7.36 $8.17 $8.74 $8.33 $10.65 $8.83 $8.99 $9.47 $7.18 $8.28 $8.85 $8.76 $10.65 $12.53 $14.22 $14.00 $14.64 $14.51 $15.01 $16.31 $16.49
Cash/Share $16.05 $15.98 $8.50 $8.52 $8.54 $8.52 $4.97 $4.96 $4.93 $4.92 $4.09 $4.08 $4.06 $4.03 $17.49 $17.66 $17.48 $17.56 $25.20 $25.40 $8.11
EBITDA/Share $6.59 $7.18 $7.61 $8.52 $8.98 $9.19 $9.15 $8.91 $9.00 $9.04 $9.14 $9.59 $9.86 $10.12 $10.57 $11.23 $11.67 $12.06 $12.05 $11.86 $11.86
Debt/Share $0.53 $0.52 $32.64 $32.71 $32.80 $32.73 $24.66 $24.61 $24.47 $24.42 $16.22 $16.17 $16.10 $15.95 $14.54 $14.68 $14.53 $14.60 $15.52 $15.65 $15.65
Net Debt/Share $-15.53 $-15.46 $24.14 $24.19 $24.26 $24.21 $19.69 $19.65 $19.54 $19.50 $12.12 $12.09 $12.04 $11.92 $-2.95 $-2.98 $-2.95 $-2.96 $-9.67 $-9.75 $-9.75
Academic Models
Metric Trend Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q4'22 Q1'23 Q2'23 Q3'23 Q4'23 Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Current
Altman Z-Score 5.246
Altman Z-Prime snapshot only 8.575
Piotroski F-Score 6 6 5 5 5 5 6 4 5 5 6 6 6 5 8 8 8 8 8 8 8
Beneish M-Score -2.54 -2.47 -1.90 -1.81 -2.06 -2.03 -2.60 -2.66 -2.59 -2.64 -2.67 -2.61 -2.67 -2.70 -2.83 -2.85 -2.82 -2.87 -2.68 -2.75 -2.745
Ohlson O-Score snapshot only -9.159
ROIC (Greenblatt) snapshot only 1.33%
Net-Net WC snapshot only $-2.14
EVA snapshot only $-38483299.58
Credit
Metric Trend Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q4'22 Q1'23 Q2'23 Q3'23 Q4'23 Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Current
Credit Rating snapshot only AA+
Credit Score 91.87 91.89 72.12 73.51 76.70 73.96 81.01 77.71 72.54 74.33 81.97 83.64 92.19 91.94 93.50 93.30 93.25 93.28 93.47 93.53 93.529
Credit Grade snapshot only 2
Credit Trend snapshot only 0.225
Implied Spread (bps) snapshot only 65.000
Industry Credit Rank snapshot only 88
Sector Credit Rank snapshot only 85

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