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 5/5 core metricsOperating margin changed -11.5 percentage points from the prior annual period.
Backward-looking filed evidence under visible rules - not a rating, forecast or investment advice. Missing data is never scored.
Evidence signals
- Operating margin compressed
Operating margin changed -11.5 percentage points from the prior annual period.
Why this surfaced
Direction threshold: more than +1 percentage point constructive; below -1 point caution. Period end 2025-12-31.
- 3 filing risk checks flagged
Flagged areas: Solvency & liquidity.
Why this surfaced
The full financial analysis shows each value, threshold, and sector limitation.
- Revenue expanded
Latest reported annual revenue changed +2.6% 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 $962M.
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
- Solvency & liquidity
Financial movement
- Cash→ flat
- Long-term debt→ flat
- Inventory→ flat
- Receivables→ flat
- Current assets→ flat
Source & freshness
- Source
- SEC EDGAR XBRL
- Fetched
- 2026-10-21
- 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- North America$8.85Bshare n/a+2.5% yoy
- United States$8.27Bshare n/a+1.8% yoy
- Europe$1.15Bshare n/a+11.2% yoy
- Asia Pacific$68Mshare n/a-54.4% yoy
- Restof World$30Mshare n/a0.0% yoy
member sum exceeds the consolidated figure: this axis carries more than one breakdown, so shares are not computed.
- North America$2.41B87.5%0.0% yoy
- Europe$334M12.1%+14.4% yoy
- Restof World$9M0.3%+12.5% yoy
- Asia Pacific$1M0.0%-97.2% 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 4,060 US-listed filers · 790 in Materials| Metric | Value | vs all filers | vs sector |
|---|---|---|---|
Revenue latest fiscal-year revenue as filed | $10.1B | 88thof 3,247 top third | 92ndof 512 top third |
Revenue growth latest fiscal-year revenue vs the prior fiscal year | 2.6% | 37thof 3,083 middle third | 42ndof 464 middle third |
Gross margin gross profit ÷ revenue | 28.1% | 33rdof 1,585 bottom third | 44thof 217 middle third |
Operating margin operating income ÷ revenue | 3.6% | 52ndof 2,777 middle third | 68thof 474 top third |
Net margin net income ÷ revenue | -5.2% | 34thof 3,212 middle third | 57thof 508 middle third |
Free-cash-flow margin (operating cash flow − |capex|) ÷ revenue | 9.5% | 65thof 2,640 middle third | 76thof 425 top third |
Return on equity net income ÷ stockholders' equity (positive equity only) | -13.6% | 31stof 3,520 bottom third | 65thof 693 middle third |
Interest coverage operating income ÷ interest expense (interest expense > 0) | 1.4× | 50thof 795 middle third | 70thof 149 top third |
Stock comp ÷ revenue stock-based compensation ÷ revenue · lower is ranked higher | 0.7% | 77thof 2,852 top third | 84thof 466 top third |
Days sales outstanding receivables ÷ revenue × 365 · lower is ranked higher | 34 days | 69thof 2,373 top third | 75thof 382 top third |
Net debt ÷ operating cash flow net debt ÷ operating cash flow (OCF > 0) · lower is ranked higher | 2.7× | 44thof 1,524 middle third | 46thof 143 middle third |
Cash-flow accrual ratio (net income − operating cash flow) ÷ average total assets · lower is ranked higher | -17.1% | 85thof 3,845 top third | 78thof 752 top third |
Balance-sheet accrual ratio change in net operating assets ÷ average net operating assets · lower is ranked higher | -13.2% | 76thof 3,301 top third | 65thof 662 middle 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 · 24 changed periods| Line item | Period | First reported | Latest filing | Change | Filings |
|---|---|---|---|---|---|
| Interest expense InterestExpense | quarter 2025-03-31 | -$64M 10-Q 2025-05-07 | $64M 10-Q 2026-05-06 | +200.0% | first · latest |
| Interest expense InterestExpense | quarter 2025-06-30 | -$63M 10-Q 2025-08-06 | $63M 10-Q 2026-08-05 | +200.0% | first · latest |
| Interest expense InterestExpense | quarter 2024-03-31 | $17M 10-Q 2024-04-24 | -$16M 10-Q 2025-05-07 | -194.1% | first · latest |
| Operating income OperatingIncomeLoss | fiscal year 2024-12-31 | $1.13B 10-K 2025-02-24 | $1.48B 10-K 2026-02-25 | +31.5% | first · latest |
| Revenue RevenueFromContractWithCustomerExcludingAssessedTax | fiscal year 2023-12-31 | $9.68B 10-K 2024-02-14 | $8.37B 10-K 2026-02-25 | -13.5% | first · latest · 3 filings carry it |
| Revenue RevenueFromContractWithCustomerExcludingAssessedTax | quarter 2024-03-31 | $2.3B 10-Q 2024-04-24 | $2.02B 10-Q 2025-05-07 | -12.3% | first · latest |
| Cash CashAndCashEquivalentsAtCarryingValue | balance at 2024-12-31 | $361M 10-K 2025-02-24 | $321M 10-K 2026-02-25 | -11.1% | first · latest · 5 filings carry it |
| Revenue RevenueFromContractWithCustomerExcludingAssessedTax | quarter 2024-06-30 | $2.79B 10-Q 2024-08-06 | $2.5B 10-Q 2025-08-06 | -10.5% | first · latest |
| Revenue RevenueFromContractWithCustomerExcludingAssessedTax | fiscal year 2024-12-31 | $11B 10-K 2025-02-24 | $9.85B 10-K 2026-02-25 | -10.2% | first · latest |
| Operating income OperatingIncomeLoss | fiscal year 2023-12-31 | $1.81B 10-K 2024-02-14 | $1.64B 10-K 2026-02-25 | -9.6% | first · latest · 3 filings carry it |
| Gross profit GrossProfit | fiscal year 2023-12-31 | $2.68B 10-K 2024-02-14 | $2.43B 10-K 2026-02-25 | -9.4% | first · latest · 3 filings carry it |
| Revenue RevenueFromContractWithCustomerExcludingAssessedTax | quarter 2024-09-30 | $3.05B 10-Q 2024-11-06 | $2.76B 10-Q 2025-11-05 | -9.3% | first · latest |
| Operating income OperatingIncomeLoss | quarter 2024-06-30 | $457M 10-Q 2024-08-06 | $418M 10-Q 2025-08-06 | -8.5% | first · latest |
| Receivables ReceivablesNetCurrent | balance at 2024-12-31 | $1.24B 10-K 2025-02-24 | $1.14B 10-K 2026-02-25 | -8.4% | first · latest · 5 filings carry it |
| Gross profit GrossProfit | quarter 2024-03-31 | $680M 10-Q 2024-04-24 | $628M 10-Q 2025-05-07 | -7.7% | first · latest |
| Operating income OperatingIncomeLoss | quarter 2024-09-30 | $509M 10-Q 2024-11-06 | $472M 10-Q 2025-11-05 | -7.3% | first · latest |
| Operating income OperatingIncomeLoss | quarter 2024-03-31 | $403M 10-Q 2024-04-24 | $376M 10-Q 2025-05-07 | -6.7% | first · latest |
| Gross profit GrossProfit | fiscal year 2024-12-31 | $3.25B 10-K 2025-02-24 | $3.04B 10-K 2026-02-25 | -6.5% | first · latest |
| Gross profit GrossProfit | quarter 2024-09-30 | $908M 10-Q 2024-11-06 | $851M 10-Q 2025-11-05 | -6.3% | first · latest |
| Gross profit GrossProfit | quarter 2024-06-30 | $867M 10-Q 2024-08-06 | $813M 10-Q 2025-08-06 | -6.2% | first · latest |
| Goodwill Goodwill | balance at 2024-12-31 | $2.84B 10-K 2025-02-24 | $2.75B 10-K 2026-02-25 | -3.5% | first · latest · 5 filings carry it |
| Interest expense InterestExpense | fiscal year 2023-12-31 | $76M 10-K 2024-02-14 | $74M 10-K 2026-02-25 | -2.6% | first · latest · 3 filings carry it |
| Interest expense InterestExpense | fiscal year 2024-12-31 | $212M 10-K 2025-02-24 | $208M 10-K 2026-02-25 | -1.9% | first · latest |
| Long-term debt LongTermDebt | balance at 2024-12-31 | $5.15B 10-K 2025-02-24 | $5.1B 10-K 2026-02-25 | -1.1% | first · latest · 3 filings carry it |
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 OC 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.