Financial Analysis
Filing-based analysis. Market pricing is not included. Fundamentals from SEC filings; economic data from FRED and the BLS. About our data
Filing evidence summary
Mixed evidenceCoverage 2/5 core metricsFlagged areas: Earnings quality.
Backward-looking filed evidence under visible rules - not a rating, forecast or investment advice. Missing data is never scored.
Evidence signals
- 1 filing risk check flagged
Flagged areas: Earnings quality.
Why this surfaced
The full financial analysis shows each value, threshold, and sector limitation.
- Revenue was broadly stable
Latest reported annual revenue changed +1.9% from the prior reported annual observation.
Why this surfaced
Direction threshold: above +2% constructive; below -2% caution; otherwise monitor. This is not labeled one-year growth when filing periods have a gap. Period end 2025-12-31.
- Free cash flow was positive
Latest reported free cash flow was $227M.
Why this surfaced
Free cash flow = operating cash flow minus capital expenditures; positive is supporting evidence, not a valuation conclusion. Period end 2025-12-31.
Core trend metrics
Hover a tile for its exact definition; the Statements tab carries per-cell filing citations.
Where to look next
Risk checks
- Earnings quality
Financial movement
- Cash→ flat
- Long-term debt→ flat
- Inventory→ flat
- Receivables→ flat
- Current assets→ flat
Source & freshness
- Source
- SEC EDGAR XBRL
- Fetched
- 2026-09-06
- Latest period end
- 2025-12-31
- Filings
- EDGAR ↗
Reported segment mix
figures as filed · share of the filed sum · change vs the prior period in the same filing- Diversified Industrials Segment$3.62B52.8%-3.4% yoy
- Healthcare And Water Technologies Segment$3.23B47.2%+8.6% yoy
Members sum to the consolidated $6.85B for this period.
- United States$3.19Bshare n/a+1.6% yoy
- Asia Pacific$1.64Bshare n/a-0.4% yoy
- EMEA$1.47Bshare n/a+6.5% yoy
- China$708Mshare n/a-7.2% yoy
- Latin America$326Mshare n/a+1.2% yoy
- Canada$227Mshare n/a-2.2% yoy
member sum exceeds the consolidated figure: this axis carries more than one breakdown, so shares are not computed.
- Diversified Industrials Segment$875M52.1%+3.1% yoy
- Healthcare And Water Technologies Segment$806M47.9%+5.6% yoy
Change is against the same quarter a year earlier, as reported in the same 10-Q.
Source: SEC DERA Financial Statement and Notes data sets. Dimensional XBRL facts on the business-segment, product/service and geographic axes; the engine keeps the accession of every figure. Descriptive and educational, not advice.
Peer percentiles
latest fiscal year ending 2025-12-31 · among 4,122 US-listed filers · 797 in Materials| Metric | Value | vs all filers | vs sector |
|---|---|---|---|
Revenue latest fiscal-year revenue as filed | $6.8B | 84thof 3,301 top third | 89thof 522 top third |
Revenue growth latest fiscal-year revenue vs the prior fiscal year | 1.9% | 35thof 3,135 middle third | 40thof 473 middle third |
Net margin net income ÷ revenue | -11.4% | 29thof 3,263 bottom third | 52ndof 518 middle third |
Free-cash-flow margin (operating cash flow − |capex|) ÷ revenue | 3.3% | 45thof 2,679 middle third | 62ndof 433 middle third |
Return on equity net income ÷ stockholders' equity (positive equity only) | -5.6% | 37thof 3,577 middle third | 71stof 701 top third |
Stock comp ÷ revenue stock-based compensation ÷ revenue · lower is ranked higher | 0.6% | 83rdof 2,895 top third | 89thof 476 top third |
Days sales outstanding receivables ÷ revenue × 365 · lower is ranked higher | 89 days | 14thof 2,398 bottom third | 21stof 387 bottom third |
Cash-flow accrual ratio (net income − operating cash flow) ÷ average total assets · lower is ranked higher | -4.6% | 50thof 3,577 middle third | 43rdof 673 middle third |
Balance-sheet accrual ratio change in net operating assets ÷ average net operating assets · lower is ranked higher | -48.7% | 89thof 3,059 top third | 79thof 593 top third |
Each filer's latest fiscal year as stored by the nightly crawl; fiscal year ends differ across the universe. A metric ranks only filers for which it is computable from filed facts. Ties split; a rank reads "better than N% of filers" in the metric's own direction. Descriptive and educational, not a rating.
Earnings quality
latest fiscal year ending 2025-12-31 · accruals and cash conversion as filedPer fiscal year from filed facts: cash conversion = operating cash flow / net income (net income > 0); cash-flow accrual ratio = (net income - operating cash flow) / average total assets; balance-sheet accrual ratio = change in net operating assets / average net operating assets, NOA = (assets - cash) - (liabilities - debt). Descriptive; a missing input yields a missing ratio. High accrual ratios and cash conversion well below one are the measures the accruals literature associates with less persistent earnings; they are screens to read the cash-flow statement with, not conclusions. The per-year series is part of Pro risk analysis.
Point-in-time ledger
first-reported vs latest filing · periods since 2020-01-01 · 48 changed periods, 28 largest shown| Line item | Period | First reported | Latest filing | Change | Filings |
|---|---|---|---|---|---|
| Long-term debt LongTermDebt | balance at 2020-12-31 | -$21.8B 10-K 2021-02-12 | $15.6B 10-K 2022-02-11 | +171.6% | first · latest · 5 filings carry it |
| Operating cash flow NetCashProvidedByUsedInOperatingActivitiesContinuingOperations | quarter 2025-03-31 | $382M 10-Q 2025-05-02 | $77M 10-Q 2026-05-05 | -79.8% | first · latest |
| Operating cash flow NetCashProvidedByUsedInOperatingActivitiesContinuingOperations | fiscal year 2024-12-31 | $2.32B 10-K 2025-02-14 | $765M 10-K 2026-02-17 | -67.0% | first · latest |
| Operating cash flow NetCashProvidedByUsedInOperatingActivitiesContinuingOperations | fiscal year 2023-12-31 | $2.19B 10-K 2024-02-15 | $845M 10-K 2026-02-17 | -61.4% | first · latest · 3 filings carry it |
| Depreciation and amortization DepreciationDepletionAndAmortization | quarter 2020-03-31 | $772M 10-Q 2020-05-05 | $345M 10-Q 2021-05-04 | -55.3% | first · latest |
| Depreciation and amortization DepreciationDepletionAndAmortization | quarter 2020-06-30 | $774M 10-Q 2020-07-31 | $349M 10-Q 2021-08-04 | -54.9% | first · latest |
| Goodwill Goodwill | balance at 2024-12-31 | $16.6B 10-K 2025-02-14 | $7.56B 10-K 2026-02-17 | -54.4% | first · latest · 5 filings carry it |
| Goodwill Goodwill | balance at 2023-12-31 | $16.7B 10-K 2024-02-15 | $7.66B 10-K 2026-02-17 | -54.2% | first · latest · 6 filings carry it |
| Capital expenditure PaymentsToAcquireProductiveAssets | fiscal year 2023-12-31 | $619M 10-K 2024-02-15 | $302M 10-K 2026-02-17 | -51.2% | first · latest · 3 filings carry it |
| Capital expenditure PaymentsToAcquireProductiveAssets | quarter 2025-03-31 | $249M 10-Q 2025-05-02 | $122M 10-Q 2026-05-05 | -51.0% | first · latest |
| Capital expenditure PaymentsToAcquireProductiveAssets | fiscal year 2024-12-31 | $579M 10-K 2025-02-14 | $285M 10-K 2026-02-17 | -50.8% | first · latest |
| Depreciation and amortization DepreciationDepletionAndAmortization | fiscal year 2023-12-31 | $1.15B 10-K 2024-02-15 | $580M 10-K 2026-02-17 | -49.4% | first · latest · 3 filings carry it |
| Revenue RevenueFromContractWithCustomerExcludingAssessedTax | quarter 2025-03-31 | $3.07B 10-Q 2025-05-02 | $1.61B 10-Q 2026-05-05 | -47.4% | first · latest · 3 filings carry it |
| Goodwill Goodwill | balance at 2020-12-31 | $30.2B 10-K 2021-02-12 | $16B 10-K 2023-02-15 | -47.0% | first · latest · 6 filings carry it |
| Depreciation and amortization DepreciationDepletionAndAmortization | fiscal year 2024-12-31 | $1.19B 10-K 2025-02-14 | $635M 10-K 2026-02-17 | -46.8% | first · latest |
| Revenue RevenueFromContractWithCustomerExcludingAssessedTax | quarter 2024-09-30 | $3.19B 10-Q 2024-11-05 | $1.71B 10-K 2026-02-17 | -46.3% | first · latest · 3 filings carry it |
| Revenue RevenueFromContractWithCustomerExcludingAssessedTax | quarter 2025-06-30 | $3.26B 10-Q 2025-08-05 | $1.75B 10-Q 2026-08-04 | -46.3% | first · latest · 3 filings carry it |
| Revenue RevenueFromContractWithCustomerExcludingAssessedTax | quarter 2024-06-30 | $3.17B 10-Q 2024-07-31 | $1.72B 10-K 2026-02-17 | -45.9% | first · latest · 3 filings carry it |
| Revenue RevenueFromContractWithCustomerExcludingAssessedTax | fiscal year 2024-12-31 | $12.4B 10-K 2025-02-14 | $6.72B 10-K 2026-02-17 | -45.8% | first · latest |
| Revenue RevenueFromContractWithCustomerExcludingAssessedTax | quarter 2024-03-31 | $2.93B 10-Q 2024-05-01 | $1.6B 10-K 2026-02-17 | -45.5% | first · latest · 3 filings carry it |
| Depreciation and amortization DepreciationDepletionAndAmortization | quarter 2025-03-31 | $293M 10-Q 2025-05-02 | $160M 10-Q 2026-05-05 | -45.4% | first · latest |
| Revenue RevenueFromContractWithCustomerExcludingAssessedTax | fiscal year 2023-12-31 | $12.1B 10-K 2024-02-15 | $6.61B 10-K 2026-02-17 | -45.2% | first · latest · 3 filings carry it |
| Depreciation and amortization DepreciationDepletionAndAmortization | quarter 2025-06-30 | $296M 10-Q 2025-08-05 | $166M 10-Q 2026-08-04 | -43.9% | first · latest |
| Stock-based compensation ShareBasedCompensation | quarter 2025-03-31 | $12M 10-Q 2025-05-02 | $7M 10-Q 2026-05-05 | -41.7% | first · latest |
| Revenue RevenueFromContractWithCustomerExcludingAssessedTax | quarter 2025-09-30 | $3.07B 10-Q 2025-11-06 | $1.79B 10-K 2026-02-17 | -41.6% | first · latest |
| Intangibles IntangibleAssetsNetExcludingGoodwill | balance at 2024-12-31 | $5.37B 10-K 2025-02-14 | $3.18B 10-K 2026-02-17 | -40.8% | first · latest · 5 filings carry it |
| Receivables ReceivablesNetCurrent | balance at 2024-12-31 | $2.2B 10-K 2025-02-14 | $1.34B 10-K 2026-02-17 | -39.0% | first · latest · 5 filings carry it |
| Receivables ReceivablesNetCurrent | balance at 2020-12-31 | $3.55B 10-K 2021-02-12 | $2.42B 10-K 2022-02-11 | -31.8% | first · latest · 5 filings carry it |
2 share-count periods re-presented for a stock split (1-for-3) are listed apart from restatements and not counted above.
First filing reporting each period vs the latest filing carrying it (10-K and 10-Q only, periods since 2020, the extractor's winning tag per concept); a change under 0.5% is treated as rounding. A change can be a restatement, a reclassification or a re-tagging in a later comparative column; the two filings are linked so the reader can see which. Descriptive, not a verdict.
Notes by disclosure type
Not available for DD yet: no footnote text blocks on file for this filer in the ingested DERA files.
Fundamentals from SEC EDGAR. Scores, the DCF, and every model shown are educational analysis, not investment advice or price predictions.