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
- 2026-09-06
- 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- 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$1.96B86.6%-11.8% yoy
- Europe$295M13.0%+10.1% yoy
- Restof World$7M0.3%-22.2% yoy
- Asia Pacific$2M0.1%-93.1% 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 | $10.1B | 88thof 3,301 top third | 92ndof 522 top third |
Revenue growth latest fiscal-year revenue vs the prior fiscal year | 2.6% | 37thof 3,135 middle third | 42ndof 473 middle third |
Gross margin gross profit ÷ revenue | 28.1% | 33rdof 1,603 bottom third | 43rdof 221 middle third |
Operating margin operating income ÷ revenue | 3.6% | 52ndof 2,819 middle third | 68thof 483 top third |
Net margin net income ÷ revenue | -5.2% | 34thof 3,263 middle third | 57thof 518 middle third |
Free-cash-flow margin (operating cash flow − |capex|) ÷ revenue | 9.5% | 65thof 2,679 middle third | 76thof 433 top third |
Return on equity net income ÷ stockholders' equity (positive equity only) | -13.6% | 31stof 3,577 bottom third | 65thof 701 middle third |
Interest coverage operating income ÷ interest expense (interest expense > 0) | 1.4× | 51stof 819 middle third | 71stof 155 top third |
Stock comp ÷ revenue stock-based compensation ÷ revenue · lower is ranked higher | 0.7% | 77thof 2,895 top third | 85thof 476 top third |
Days sales outstanding receivables ÷ revenue × 365 · lower is ranked higher | 34 days | 69thof 2,398 top third | 75thof 387 top third |
Net debt ÷ operating cash flow net debt ÷ operating cash flow (OCF > 0) · lower is ranked higher | 2.7× | 44thof 1,547 middle third | 46thof 145 middle third |
Cash-flow accrual ratio (net income − operating cash flow) ÷ average total assets · lower is ranked higher | -17.1% | 87thof 3,577 top third | 80thof 673 top third |
Balance-sheet accrual ratio change in net operating assets ÷ average net operating assets · lower is ranked higher | -13.2% | 78thof 3,059 top third | 66thof 593 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.