— Know what they know.
Not Investment Advice
Also trades as: 217A.F (FSX) · $vol 0M

VNET NASDAQ

VNET Group, Inc.
1W: -22.7% 1M: -15.5% 3M: -34.3% YTD: -43.7% 1Y: -52.3% 3Y: +74.5% 5Y: -71.0%
$5.13
-0.42 (-7.57%)
 
Weekly Expected Move ±11.0%
$4 $5 $5 $6 $6
NASDAQ · Technology · Information Technology Services · Tech Score Strong Sell · Power 32 · $1.4B mcap · 269M float · 1.89% daily turnover · Short 54% of daily vol

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
$14
Low
$14
Avg Target
$14
High
Based on 1 analyst since Aug 18, 2026 earnings
Analyst Recommendations
Strong Buy: 0Buy: 10Hold: 5Sell: 1Strong Sell: 0
Rating Summary
ConsensusBuy
Avg Target$13.25
Analysts2
Price Target Change History
DateFirmAnalystOldNewChangeUpside @ CallStock@Call
2026-08-19 Morgan Stanley Tom Tang $16 $14 -2 +112.8% $6.58
2026-07-07 Deutsche Bank — Initiated $12 — +60.1% $7.81
2026-05-26 Morgan Stanley Tom Tang Initiated $16 — +61.3% $9.92
2026-05-26 Jefferies — $24 $25 +1 +149.9% $9.92
2026-05-26 Seaport Global — Initiated $16 — +66.0% $9.82
2026-03-16 Jefferies Edison Lee $8 $24 +16 +149.2% $9.45
2024-11-29 UBS James Wang Initiated $7 — +80.6% $3.88
2024-10-08 HSBC Helen Fang Initiated $5 — +34.4% $3.87
2024-09-04 Citigroup Louis Tsang Initiated $4 — +44.1% $2.77
2024-08-28 Jefferies Edison Lee $7 $8 +1 +252.3% $2.27
2024-05-30 Jefferies Edison Lee Initiated $7 — +237.0% $1.99
2022-05-17 Credit Suisse Kyna Wong Initiated $8 — +36.9% $5.99

Financial Rating

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

C
Oct 02, 2026
DCF
5
ROE
1
ROA
1
D/E
1
P/E
1
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. VNET receives an overall rating of C. Strongest factors: DCF (5/5). Areas of concern: ROE (1/5), ROA (1/5), D/E (1/5), P/E (1/5), P/B (2/5).
Rating Change History
DateFromTo
2026-05-27 C+ C
2026-03-20 C C+

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.

★ ★ ★ ★ ★ — Grade D
Profitability
10
Balance Sheet
31
Earnings Quality
38
Growth
47
Value
—
Momentum
46
Safety
—
Cash Flow
22

Risk & Quality Signals

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

Altman Z-Score
—
—
Piotroski F-Score
3/9
✗ ✓ ✗ ✓ ✗ ✗ ✗ ✗ ✓
Beneish M-Score
-2.45
Unlikely Manipulator
Ohlson O-Score
-5.90
Bankruptcy prob: 0.3%
Low Risk
Credit Rating
B
Score: 28.8/100
Trend: Stable
Earnings Quality
—
OCF/NI: -0.81x
Accruals: -9.7%
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. VNET scores 3/9, suggesting weak financial fundamentals — the company fails the majority of these accounting tests. 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. VNET's score of -2.45 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. VNET's implied 0.3% 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. VNET receives an estimated rating of B (score: 28.8/100), with a stable trend.

Valuation

Key valuation multiples comparing the stock's market price to its earnings, revenue, book value, and cash flows. Lower multiples may indicate relative undervaluation versus peers.

P/E
-3.97x
PEG
-0.00x
P/S
0.90x
P/B
2.39x
P/FCF
—
P/OCF
—
EV/EBITDA
—
EV/Revenue
—
EV/EBIT
—
EV/FCF
—
Earnings Yield
—
FCF Yield
—
Shareholder Yield
—
Graham Number
—
Equity-based multiples (P/E, P/B, P/FCF) compare the stock price to per-share fundamentals and are affected by capital structure. Enterprise value multiples (EV/EBITDA, EV/Revenue, EV/FCF) strip out debt and cash, making them more useful for cross-company comparisons regardless of how companies are financed. The Graham Number — √(22.5 × EPS × Book Value) — is Benjamin Graham's formula for the maximum price a defensive investor should pay. VNET currently has negative earnings — the P/E ratio is not meaningful.

DuPont Decomposition (5-Factor)

The 5-factor DuPont framework breaks Return on Equity into its component drivers — tax efficiency, interest burden, operating profitability, asset utilization, and financial leverage — to reveal what truly drives shareholder returns.

Tax Burden
-4.492
NI / EBT
×
Interest Burden
0.342
EBT / EBIT
×
EBIT Margin
0.145
EBIT / Rev
×
Asset Turnover
0.239
Rev / Assets
×
Equity Multiplier
8.709
Assets / Equity
=
ROE
-46.6%
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. VNET's ROE of -46.6% is driven by financial leverage (equity multiplier: 8.71x). Note: high leverage means ROE is amplified by debt rather than operational performance. A tax burden ratio of -4.49 suggests the company retains less than 60% of pre-tax earnings after taxes.

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
0.00%
Fair P/E
8.50x
Intrinsic Value
—
Price/Value
—
Margin of Safety
—
Premium
—

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
$5.13
Median 1Y
$3.34
5th Pctile
$0.86
95th Pctile
$13.25
Ann. Volatility
87.8%
Analyst Target
$13.25
25th–75th percentile 5th–95th percentile Median path Historical Analyst target

Workforce & Productivity

Workforce efficiency metrics measuring revenue, profit, and R&D spend per employee — key indicators of operational leverage and human capital productivity.

Employees
2,784
+7.9% YoY
Revenue / Employee
$3,476,363
Rev: $9,678,195,045
Profit / Employee
$-89,718
NI: $-249,775,315
SGA / Employee
$411,887
Avg labor cost proxy
R&D / Employee
$91,242
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 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 -7.3% 7.3% 8.8% -2.3% -10.7% -11.3% -11.1% -9.5% -4.0% -42.2% -46.0% -42.1% -35.3% 3.0% 2.2% 0.9% -9.4% -4.1% -43.2% -46.6% -46.56%
ROA -2.3% 2.4% 2.7% -0.7% -2.9% -3.1% -2.9% -2.4% -0.9% -9.3% -10.3% -9.0% -7.5% 0.6% 0.4% 0.2% -1.5% -0.7% -5.1% -5.3% -5.35%
ROIC 1.1% 0.1% 0.2% -0.1% -0.6% 0.5% 0.6% 0.8% 0.9% -8.6% -8.7% -7.8% -6.7% 1.5% 1.6% 1.1% 2.4% -0.9% -1.7% -2.2% -2.19%
ROCE 0.3% 5.6% 5.7% 1.4% -1.4% -1.8% -1.8% 0.2% 1.9% -10.3% -10.6% -9.6% -7.3% 4.1% 4.0% 3.8% 2.7% 4.7% 4.5% 4.3% 4.26%
Gross Margin 24.0% 21.8% 21.6% 20.7% 17.5% 17.5% 19.5% 18.8% 16.2% 15.3% 21.6% 21.3% 23.2% 22.5% 25.2% 22.5% 20.9% 20.1% 22.9% 18.2% 18.18%
Operating Margin 7.3% -15.5% 5.8% 2.1% 0.4% -0.9% 6.4% 5.1% 1.7% -1.2% 2.4% 9.8% 9.0% 10.6% 11.1% 7.1% 7.5% 5.1% 9.2% 6.8% 6.81%
Net Margin 10.0% -1.6% 5.5% -21.9% -23.3% -3.4% 4.6% -12.8% -2.7% -1.3% -9.9% 3.2% 15.0% -0.5% -10.6% -0.5% -12.0% 11.2% -82.8% -5.2% -5.21%
EBITDA Margin 38.8% 24.1% 32.8% 6.4% 6.7% 24.8% 36.0% 28.9% 26.2% -95.5% 21.8% 30.5% 24.4% 30.1% 30.1% 29.7% 28.8% 56.6% 33.2% 31.4% 31.43%
FCF Margin -26.9% -21.8% -22.8% -14.0% -5.6% -6.4% -1.0% -6.2% -13.4% -13.5% -21.1% -28.7% -22.7% -28.6% -37.8% -28.2% -40.7% -60.1% -57.4% -68.7% -68.70%
OCF Margin 17.4% 22.4% 24.8% 33.3% 38.9% 36.8% 35.6% 28.1% 25.7% 39.7% 36.7% 35.6% 33.3% 27.5% 25.6% 21.7% 25.5% 19.4% 18.3% 18.2% 18.19%
ROE 3Y Avg snapshot only -33.71%
ROE 5Y Avg snapshot only -22.66%
ROA 3Y Avg snapshot only -4.55%
ROIC 3Y Avg snapshot only 6.01%
ROIC Economic snapshot only -1.74%
Cash ROA snapshot only 3.92%
Cash ROIC snapshot only 7.06%
CROIC snapshot only -26.67%
NOPAT Margin snapshot only -5.63%
Pretax Margin snapshot only 4.97%
R&D / Revenue snapshot only 2.79%
SGA / Revenue snapshot only 9.66%
SBC / Revenue snapshot only 0.00%
Valuation
Metric Trend 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 — — — — — — — — — — — — — — — — — — — — -3.968
P/S Ratio — — — — — — — — — — — — — — — — — — — — 0.900
P/B Ratio — — — — — — — — — — — — — — — — — — — — 2.393
P/FCF — — — — — — — — — — — — — — — — — — — — —
P/OCF — — — — — — — — — — — — — — — — — — — — —
EV/EBITDA — — — — — — — — — — — — — — — — — — — — —
EV/Revenue — — — — — — — — — — — — — — — — — — — — —
EV/EBIT — — — — — — — — — — — — — — — — — — — — —
EV/FCF — — — — — — — — — — — — — — — — — — — — —
Earnings Yield — — — — — — — — — — — — — — — — — — — — —
FCF Yield — — — — — — — — — — — — — — — — — — — — —
Leverage & Solvency
Metric Trend 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 1.10 1.03 1.40 1.41 1.26 1.11 0.75 0.67 0.71 0.86 0.85 0.87 0.83 0.73 1.10 0.97 0.90 0.92 0.99 0.97 0.973
Quick Ratio 1.10 1.03 1.40 1.41 1.26 1.11 0.75 0.67 0.71 0.86 0.85 0.87 0.83 0.73 1.10 0.97 0.90 0.92 0.99 0.97 0.973
Debt/Equity 1.72 1.57 1.82 1.92 2.27 2.23 2.35 2.44 2.61 2.91 2.48 2.63 2.66 2.90 3.82 3.94 4.64 4.33 7.03 7.52 7.515
Net Debt/Equity 1.18 1.33 1.36 1.41 1.71 1.78 1.87 2.01 2.13 2.01 2.13 2.26 2.33 2.58 2.89 3.20 3.81 3.27 5.03 5.75 5.749
Debt/Assets 0.52 0.49 0.52 0.53 0.55 0.55 0.55 0.54 0.56 0.58 0.52 0.54 0.56 0.57 0.61 0.61 0.61 0.60 0.61 0.62 0.619
Debt/EBITDA 9.66 4.99 5.42 8.08 12.80 11.75 11.72 8.86 7.80 -123.12 -38.98 -53.56 -61.72 8.33 9.55 9.39 9.47 7.40 7.72 7.65 7.654
Net Debt/EBITDA 6.64 4.24 4.06 5.93 9.64 9.37 9.32 7.30 6.39 -84.80 -33.45 -46.03 -54.04 7.41 7.22 7.61 7.79 5.60 5.52 5.86 5.855
Interest Coverage 0.13 2.99 3.78 0.96 -1.11 -1.31 -1.14 0.13 1.18 -6.25 -5.61 -5.00 -3.92 2.37 3.19 2.60 1.75 2.56 2.14 2.03 2.034
Equity Multiplier 3.34 3.19 3.48 3.61 4.14 4.08 4.26 4.48 4.68 5.05 4.74 4.85 4.72 5.08 6.29 6.44 7.55 7.17 11.61 12.15 12.149
Cash Ratio snapshot only 0.549
Debt Service Coverage snapshot only 5.248
Cash to Debt snapshot only 0.235
FCF to Debt snapshot only -0.239
Defensive Interval snapshot only 2651.2 days
Efficiency & Turnover
Metric Trend 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 0.27 0.29 0.26 0.28 0.27 0.28 0.27 0.27 0.26 0.26 0.26 0.27 0.26 0.26 0.26 0.26 0.26 0.26 0.24 0.24 0.239
Inventory Turnover — — — — — — — — — — — — — — — — — — — — —
Receivables Turnover 4.82 5.50 4.85 4.46 4.31 4.50 3.98 3.89 3.91 4.29 3.78 4.02 4.01 4.90 4.33 4.50 4.68 5.10 4.39 4.40 4.398
Payables Turnover 10.81 12.16 9.77 9.23 9.67 9.54 8.83 8.33 8.56 8.75 8.29 8.50 8.43 9.15 8.33 9.37 9.93 10.63 9.85 11.29 11.289
DSO 76 66 75 82 85 81 92 94 93 85 97 91 91 74 84 81 78 72 83 83 83.0 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 34 30 37 40 38 38 41 44 43 42 44 43 43 40 44 39 37 34 37 32 32.3 days
Cash Conversion Cycle 42 36 38 42 47 43 50 50 51 43 53 48 48 35 41 42 41 37 46 51 50.7 days
Fixed Asset Turnover snapshot only 0.349
Cash Velocity snapshot only 1.483
Capital Intensity snapshot only 4.638
Growth (YoY)
Metric Trend 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 27.9% 28.2% 25.8% 21.9% 19.6% 14.1% 12.1% 9.7% 6.7% 4.9% 3.9% 4.8% 7.0% 11.4% 14.7% 17.8% 20.0% 19.9% 20.2% 18.0% 18.04%
Net Income 71.5% 1.2% 1.3% 71.2% -51.1% -2.5% -2.2% -3.1% 64.0% -2.4% -2.7% -3.1% -7.5% 1.1% 1.0% 1.0% 74.8% -2.4% -18.0% -42.9% -42.85%
EPS 74.4% 1.2% 1.2% 70.6% -52.7% -2.6% -2.0% -3.0% 64.0% -2.3% -1.5% -1.3% -3.3% 1.0% 1.0% 1.0% 72.8% -2.3% -17.5% -40.6% -40.60%
FCF -18.5% 24.8% 19.1% 42.2% 75.3% 66.5% 95.0% 51.2% -1.6% -1.2% -20.7% -3.8% -80.4% -1.4% -1.1% -15.6% -1.2% -1.5% -82.7% -1.9% -1.88%
EBITDA 4.5% 2.9% 3.3% 47.0% -5.2% -45.4% -45.3% 5.1% 78.9% -1.1% -1.3% -1.2% -1.1% 16.6% 7.6% 9.8% 11.3% 64.2% 55.7% 54.5% 54.48%
Op. Income 11.0% -81.7% -76.7% -1.1% -1.6% 4.7% 2.8% 9.3% 2.7% -17.3% -15.5% -10.8% -9.0% 1.3% 1.4% 1.4% 1.5% 12.0% -14.1% -10.1% -10.09%
OCF Growth snapshot only -1.21%
Asset Growth snapshot only 24.76%
Equity Growth snapshot only -33.91%
Debt Growth snapshot only 25.92%
Shares Change snapshot only 5.68%
Growth (CAGR)
Metric Trend 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 21.1% 22.1% 22.9% 23.6% 23.9% 23.1% 21.7% 19.8% 17.8% 15.4% 13.6% 11.9% 10.9% 10.1% 10.1% 10.7% 11.1% 11.9% 12.7% 13.4% 13.41%
Revenue 5Y 9.2% 11.2% 12.1% 13.1% 14.5% 15.8% 16.7% 17.4% 17.8% 16.9% 16.7% 16.8% 16.8% 16.9% 16.5% 16.2% 16.0% 15.4% 15.1% 14.3% 14.29%
EPS 3Y — — — — — — — — — — — — — -41.0% -51.3% — — — — — —
EPS 5Y — — — — — — — — — — — — — — — — — — — — —
Net Income 3Y — — — — — — — — — — — — — -28.4% -41.9% — — — — — —
Net Income 5Y — — — — — — — — — — — — — — — — — — — — —
EBITDA 3Y -5.1% 36.3% 39.4% 20.5% 5.3% 6.8% 13.5% — — — — — — -0.8% 0.2% 15.6% 33.1% 43.2% 41.9% 31.4% 31.41%
EBITDA 5Y 32.7% — — — — — — 1.4% 7.7% — — — — 16.9% 21.9% — — — — 28.5% 28.52%
Gross Profit 3Y 14.6% 15.0% 15.4% 15.4% 14.6% 13.1% 13.3% 11.1% 8.9% 6.3% 5.1% 4.6% 6.2% 8.4% 10.6% 12.8% 15.2% 17.1% 18.1% 17.8% 17.77%
Gross Profit 5Y 12.6% 15.1% 15.2% 14.7% 13.7% 12.4% 11.0% 9.6% 8.2% 6.5% 7.1% 8.4% 11.5% 14.3% 16.3% 16.6% 15.9% 15.2% 13.9% 11.8% 11.81%
Op. Income 3Y 6.2% -55.2% -45.8% — — -12.7% -5.4% 2.3% 4.7% — — — — 2.2% 1.9% — — 83.6% 74.7% 57.0% 56.98%
Op. Income 5Y — — — — — — — — 4.4% — — — — 29.7% 39.4% 35.7% 34.3% 45.1% 36.1% 33.8% 33.80%
FCF 3Y — — — — — — — — — — — — — — — — — — — — —
FCF 5Y — — — — — — — — — — — — — — — — — — — — —
OCF 3Y 20.6% 25.3% 35.5% 50.1% 75.4% 54.4% 52.0% 38.8% 29.5% 60.3% 43.6% 36.2% 37.8% 17.9% 11.3% -4.0% -3.5% -9.7% -9.7% -1.9% -1.86%
OCF 5Y 48.6% 78.3% 68.4% 66.9% 46.6% 45.0% 39.9% 31.5% 27.1% 33.1% 33.8% 33.0% 39.5% 26.3% 24.6% 20.7% 22.6% 21.8% 15.3% 12.4% 12.40%
Assets 3Y 27.7% 27.4% 28.8% 25.4% 26.9% 23.4% 22.9% 17.2% 16.7% 16.2% 5.8% 10.0% 8.2% 11.9% 15.0% 15.9% 15.9% 18.9% 19.6% 19.9% 19.90%
Assets 5Y 12.8% 13.2% 15.8% 16.6% 19.0% 21.5% 23.8% 23.3% 21.4% 22.1% 18.7% 17.6% 17.0% 18.0% 20.3% 17.3% 18.2% 18.2% 15.6% 17.7% 17.73%
Equity 3Y 11.6% 12.3% 13.0% 11.9% 11.0% 10.0% 11.5% 26.1% 0.4% -2.8% -9.8% -4.7% -3.6% -4.2% -5.6% -4.4% -5.1% -1.5% -14.3% -14.0% -14.02%
Book Value 3Y 1.5% 2.1% 2.0% 2.4% 1.5% 0.1% -4.2% 14.3% -2.9% -7.3% -26.1% -20.6% -22.7% -21.0% -20.9% -21.6% -22.2% -21.6% -26.1% -30.8% -30.76%
Dividend 3Y — — — — — — — — — — — — — — — — — — — — —
Growth Quality
Metric Trend 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 0.57 0.67 0.72 0.79 0.84 0.90 0.94 0.97 0.98 0.98 0.97 0.97 0.97 0.96 0.96 0.97 0.97 0.97 0.96 0.96 0.960
Earnings Stability 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.02 0.12 0.18 0.18 0.17 0.14 0.00 0.00 0.02 0.00 0.13 0.00 0.24 0.237
Margin Stability 0.88 0.87 0.88 0.89 0.91 0.91 0.91 0.88 0.84 0.82 0.83 0.84 0.86 0.86 0.88 0.89 0.91 0.89 0.89 0.89 0.888
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 0.50 0.50 0.50 1.00 0.00 0.00 0.00 0.00 0.50 0.00 0.00 0.00 0.00 0.50 0.50 0.50 0.50 0.00 0.00 0.00 0.000
FCF Positive Streak 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Earnings Persistence 0.50 0.20 0.20 0.50 0.50 0.20 0.20 0.50 0.50 0.50 0.50 0.50 0.50 0.20 0.20 0.20 0.50 0.20 0.20 0.20 0.200
Earnings Smoothness — — — — — — — — — — — — — — — — — — — — —
ROE Trend 0.09 0.29 0.29 0.31 0.06 0.05 0.00 -0.05 0.05 -0.42 -0.48 -0.37 -0.28 0.31 0.32 0.28 0.10 0.16 -0.30 -0.37 -0.372
Gross Margin Trend -0.01 -0.00 -0.00 -0.01 -0.03 -0.04 -0.04 -0.04 -0.04 -0.04 -0.03 -0.01 0.01 0.04 0.05 0.05 0.03 0.02 0.01 -0.00 -0.005
FCF Margin Trend -0.06 0.04 0.05 0.13 0.22 0.23 0.28 0.16 0.03 0.01 -0.09 -0.19 -0.13 -0.19 -0.27 -0.11 -0.23 -0.39 -0.28 -0.40 -0.403
Sustainable Growth Rate — 7.3% 8.8% — — — — — — — — — — 3.0% 2.2% 0.9% — — — — —
Internal Growth Rate — 2.4% 2.8% — — — — — — — — — — 0.6% 0.4% 0.2% — — — — —
Cash Flow Quality
Metric Trend 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 -2.07 2.78 2.36 -14.11 -3.66 -3.36 -3.29 -3.22 -7.17 -1.11 -0.95 -1.05 -1.17 12.41 16.59 34.51 -4.27 -7.35 -0.84 -0.81 -0.815
FCF/OCF -1.55 -0.97 -0.92 -0.42 -0.14 -0.17 -0.03 -0.22 -0.52 -0.34 -0.58 -0.81 -0.68 -1.04 -1.48 -1.30 -1.59 -3.10 -3.13 -3.78 -3.776
FCF/Net Income snapshot only 3.076
OCF/EBITDA snapshot only 0.485
CapEx/Revenue 44.3% 44.2% 47.6% 47.3% 44.5% 43.2% 36.6% 34.3% 39.2% 41.3% 46.1% 52.9% 44.9% 48.0% 55.5% 42.5% 59.1% 79.5% 75.8% 86.9% 86.89%
CapEx/Depreciation snapshot only 3.785
Accruals Ratio -0.07 -0.04 -0.04 -0.10 -0.13 -0.14 -0.12 -0.10 -0.08 -0.20 -0.20 -0.19 -0.16 -0.07 -0.06 -0.06 -0.08 -0.06 -0.09 -0.10 -0.097
Sloan Accruals snapshot only -0.057
Cash Flow Adequacy snapshot only 0.209
Dividends & Buybacks
Metric Trend 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 — — — — — — — — — — — — — — — — — — — — 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% — — — — —
FCF Payout Ratio — — — — — — — — — — — — — — — — — — — — —
Total Payout Ratio — 3.4% 2.5% — — — — — — — — — — 0.0% 0.0% 0.0% — — — — —
Div. Increase Streak — — — — — — — — — — — — — — — — — — — — —
Chowder Number — — — — — — — — — — — — — — — — — — — — —
Buyback Yield — — — — — — — — — — — — — — — — — — — — —
Net Buyback Yield — — — — — — — — — — — — — — — — — — — — —
Total Shareholder Return — — — — — — — — — — — — — — — — — — — — —
DuPont Factors
Metric Trend 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) 1.75 0.75 0.80 6.36 1.27 1.23 1.26 1.27 1.59 1.06 1.07 1.10 1.14 0.38 0.32 0.15 2.55 -0.63 -3.61 -4.49 -4.492
Interest Burden (EBT/EBIT) -6.39 0.67 0.74 -0.09 1.91 1.77 1.88 -12.88 -0.46 1.27 1.28 1.18 1.25 0.51 0.35 0.35 -0.26 0.27 0.41 0.34 0.342
EBIT Margin 0.01 0.16 0.18 0.04 -0.04 -0.05 -0.05 0.01 0.05 -0.26 -0.28 -0.26 -0.20 0.12 0.13 0.12 0.09 0.15 0.15 0.15 0.145
Asset Turnover 0.27 0.29 0.26 0.28 0.27 0.28 0.27 0.27 0.26 0.26 0.26 0.27 0.26 0.26 0.26 0.26 0.26 0.26 0.24 0.24 0.239
Equity Multiplier 3.17 3.08 3.20 3.39 3.73 3.61 3.85 4.03 4.40 4.54 4.49 4.66 4.70 5.07 5.53 5.65 6.07 6.12 8.45 8.71 8.709
Per Share
Metric Trend 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) $-3.26 $3.33 $4.32 $-1.07 $-4.98 $-5.23 $-4.44 $-4.31 $-1.79 $-17.19 $-11.15 $-10.01 $-7.75 $0.68 $0.50 $0.21 $-2.11 $-0.89 $-8.22 $-8.41 $-8.41
Book Value/Share $47.22 $48.13 $46.99 $47.76 $45.39 $44.00 $38.20 $43.30 $43.14 $39.05 $22.72 $22.99 $21.82 $23.75 $23.29 $22.98 $21.36 $21.18 $15.44 $14.37 $35.39
Tangible Book/Share $32.29 $33.24 $32.69 $32.78 $25.45 $24.95 $22.11 $24.45 $24.42 $30.07 $17.51 $17.86 $17.18 $18.51 $23.29 $15.76 $10.79 $14.35 $5.02 $3.20 $3.20
Revenue/Share $38.72 $41.18 $41.24 $45.20 $46.80 $47.72 $41.02 $49.44 $49.91 $48.19 $28.71 $29.37 $27.27 $30.81 $32.41 $33.71 $35.30 $33.70 $37.73 $37.65 $37.65
FCF/Share $-10.42 $-8.96 $-9.41 $-6.34 $-2.60 $-3.04 $-0.41 $-3.08 $-6.71 $-6.48 $-6.06 $-8.43 $-6.18 $-8.82 $-12.24 $-9.49 $-14.35 $-20.25 $-21.67 $-25.87 $-19.71
OCF/Share $6.74 $9.23 $10.21 $15.06 $18.21 $17.58 $14.62 $13.88 $12.84 $19.12 $10.54 $10.47 $9.09 $8.48 $8.29 $7.33 $9.00 $6.53 $6.92 $6.85 $6.16
Cash/Share $25.47 $11.30 $21.50 $24.47 $25.51 $19.90 $18.41 $18.58 $20.40 $35.42 $8.00 $8.50 $7.22 $7.60 $21.67 $17.21 $17.66 $22.34 $30.97 $25.38 $25.38
EBITDA/Share $8.42 $15.09 $15.77 $11.36 $8.06 $8.37 $7.66 $11.91 $14.42 $-0.92 $-1.45 $-1.13 $-0.94 $8.27 $9.33 $9.65 $10.46 $12.38 $14.06 $14.11 $14.11
Debt/Share $81.33 $75.34 $85.52 $91.81 $103.24 $98.29 $89.74 $105.51 $112.47 $113.80 $56.34 $60.52 $58.00 $68.83 $89.04 $90.65 $99.13 $91.68 $108.60 $108.01 $108.01
Net Debt/Share $55.85 $64.04 $64.02 $67.35 $77.73 $78.39 $71.33 $86.92 $92.06 $78.39 $48.34 $52.01 $50.78 $61.22 $67.38 $73.44 $81.47 $69.34 $77.63 $82.63 $82.63
Academic Models
Metric Trend 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 — — — — — — — — — — — — — — — — — — — — —
Piotroski F-Score 5 6 5 6 5 5 3 3 4 2 6 6 5 7 6 6 5 4 4 3 3
Beneish M-Score -2.02 -2.33 -2.04 -2.41 -2.77 -2.78 -2.74 -2.66 -2.50 -3.33 -3.63 -3.52 -3.20 -2.80 -2.63 -2.52 -2.76 -2.67 -2.47 -2.45 -2.453
Ohlson O-Score snapshot only -5.902
ROIC (Greenblatt) snapshot only 5.12%
Net-Net WC snapshot only $-94.21
EVA snapshot only $-3352894701.28
Credit
Metric Trend 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 B
Credit Score 26.28 36.56 40.33 29.65 25.56 25.03 19.78 21.69 24.86 30.49 30.27 30.29 30.01 28.25 34.36 28.42 26.39 29.84 29.13 28.77 28.774
Credit Grade snapshot only 15
Credit Trend snapshot only 0.351
Implied Spread (bps) snapshot only 750.000
Industry Credit Rank snapshot only 13
Sector Credit Rank snapshot only 14

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