BRBR BellRing Brands, Inc. Common Stock
$10.34
Price · Aug 18, 2026
Fundamentals as of Aug 4, 2026
52W Range
$8–$43
7% of range
Analyst Rating
BUY
21 analysts
Price Target
$15
+42% upside
P/E (TTM)
6.2
ROE
-72.0%
Net Profit Margin
9.3%
BRBR Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
Price
$10.34
Market Cap
$1.25B
P/E (TTM)
6.2
EPS (TTM)
$1.68
Revenue (TTM)
$2.32B
Div Yield
—
ROE
-72.0%
Debt/Equity
-2.4
52W Range
$8 – $43
BRBR Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view
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10-Year Performance Revenue, net income, margins and EPS trends
Revenue & Net Income
$2.32B
2018-09-30
→
2025-09-30
EPS
$1.68
2018-09-30
→
2025-09-30
Free Cash Flow
$256M
2021-09-30
→
2025-09-30
Margins
9.3%
2021-09-30
→
2025-09-30
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
Metric
5Y trend
BRBR
Peer Median
P/E (TTM)
6.2
22.3
P/S (TTM)
0.5
1.8
P/B
-2.8
3.1
EV / EBITDA
6.0
—
Price / FCF
4.9
—
Profitability Gross, operating and net margins; ROE, ROA, ROIC
Metric
5Y trend
BRBR
Peer Median
Gross Margin
33.3%
57.2%
Operating Margin
15.4%
—
Net Profit Margin
9.3%
6.9%
ROA
24.3%
2.4%
ROE
-72.0%
3.2%
ROIC
42.4%
—
Financial Health Debt, liquidity, solvency — balance sheet strength
Metric
5Y trend
BRBR
Peer Median
Debt / Equity
-2.4
—
Current Ratio
2.4
2.0
Quick Ratio
1.0
—
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
Metric
5Y trend
BRBR
Peer Median
Revenue YoY
16.1%
—
Revenue CAGR 3Y
19.1%
—
Revenue CAGR 5Y
18.6%
—
EPS YoY
-9.7%
—
Net Income YoY
-12.3%
—
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
Metric
5Y trend
BRBR
Peer Median
BRBR Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
BUY
21 analysts
- Strong Buy 6 28.6%
- Buy 8 38.1%
- Hold 6 28.6%
- Sell 1 4.8%
- Strong Sell 0 0.0%
12-Month Price Target
12 analysts · 2026-08-14
Median
$14.50
Now
$10.34
Low
$10.00
High
$20.00
Median target
$14.50
+40.2%
Mean target
$14.71
+42.2%
Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
Avg Surprise
-0.04%
| Period | EPS Actual | EPS Est | Surprise |
|---|---|---|---|
| June 30, 2026 | $0.30 | $0.38 | -0.08% |
| March 31, 2026 | $0.14 | $0.32 | -0.18% |
| Dec. 31, 2025 | $0.37 | $0.32 | 0.05% |
| Sept. 30, 2025 | $0.51 | $0.56 | -0.05% |
| June 30, 2025 | $0.55 | $0.51 | 0.04% |
| March 31, 2025 | $0.53 | $0.53 | -0.00% |
Peer comparison (GICS sub-industry) Key metrics vs sector peers
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| BRBR | $4.39B | 21.6 | 16.1% | 9.3% | -72.0% | 33.3% |
| IPAR | $2.72B | 16.2 | 2.5% | 11.3% | 20.7% | 63.6% |
| COTY | $4.06B | -10.6 | -3.7% | -6.2% | -10.0% | 64.8% |
| EPC | $946M | 38.4 | -1.3% | 1.1% | 1.7% | 41.6% |
| HNST | $291M | -18.4 | -1.9% | -4.2% | -8.8% | 33.3% |
| NATR | $378M | 20.4 | 5.7% | 4.1% | 12.0% | 72.4% |
| USNA | $355M | 33.5 | 8.3% | 1.2% | 2.0% | 78.3% |
| NAGE | $507M | 31.8 | 29.9% | 13.4% | 24.7% | 64.3% |
| KVUE | $32.94B | 22.6 | -2.1% | 9.7% | 13.7% | 58.1% |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement 15
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.32B | $2.00B | $1.67B | $1.37B | $1.25B | $988M | $854M | $828M | |
| Cost of Revenue | $1.55B | $1.29B | $1.14B | $950M | $861M | $650M | $543M | $550M | |
| Gross Profit | $770M | $707M | $530M | $422M | $386M | $338M | $312M | $278M | |
| R&D Expense | $16M | $14M | $12M | $11M | $11M | $9M | $8M | $8M | |
| SG&A Expense | $396M | $285M | $216M | $190M | $167M | $152M | $127M | $135M | |
| Operating Income | $357M | $388M | $287M | $212M | $168M | $164M | $162M | $120M | |
| Interest Expense | $68M | $58M | $67M | $49M | $43M | $55M | $0 | $0 | |
| Pretax Income | $289M | $329M | $220M | $146M | $123M | $109M | $162M | $120M | |
| Income Tax | $73M | $83M | $55M | $30M | $9M | $9M | $39M | $24M | |
| Net Income | $216M | $246M | $166M | $82M | $28M | $24M | $0 | $0 | |
| EPS (Basic) | $1.70 | $1.89 | $1.24 | $0.88 | $0.70 | $0.60 | $0.00 | $0.00 | |
| EPS (Diluted) | $1.68 | $1.86 | $1.23 | $0.88 | $0.70 | $0.60 | $0.00 | $0.00 | |
| Shares (Basic) | 126,900,000 | 130,300,000 | 133,000,000 | 93,500,000 | 39,500,000 | 39,400,000 | 0 | 0 | |
| Shares (Diluted) | 128,500,000 | 132,300,000 | 134,100,000 | 93,800,000 | 39,700,000 | 39,500,000 | 0 | 0 | |
| EBITDA | $376M | $424M | $316M | $234M | $222M | · | · | · |
Balance Sheet 28
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $72M | $71M | $48M | $36M | $153M | $49M | $6M | $11M | |
| Receivables | $223M | $220M | $168M | $173M | $104M | $83M | $68M | · | |
| Inventory | $330M | $286M | $194M | $200M | $118M | $150M | $138M | · | |
| Prepaid Expense | $23M | $15M | $13M | $12M | $14M | $8M | $7M | · | |
| Current Assets | $666M | $593M | $424M | $421M | $388M | $290M | $220M | · | |
| PP&E (Net) | $19M | $9M | $8M | $8M | $9M | $10M | $12M | · | |
| PP&E (Gross) | $33M | $21M | $24M | $22M | $22M | $23M | $21M | · | |
| Accum. Depreciation | $14M | $12M | $16M | $14M | $13M | $12M | $9M | · | |
| Goodwill | $66M | $66M | $66M | $66M | $66M | $66M | $66M | · | |
| Intangibles | $125M | $142M | $177M | $203M | $223M | $274M | $296M | · | |
| Other Non-current Assets | $33M | $14M | $12M | $9M | $10M | $13M | $900.0K | · | |
| Total Assets | $941M | $837M | $692M | $707M | $696M | $654M | $594M | · | |
| Accounts Payable | $120M | $121M | $89M | $94M | $92M | $57M | $62M | · | |
| Current Liabilities | $283M | $204M | $150M | $144M | $251M | $153M | $93M | · | |
| Capital Leases | $27M | $4M | $6M | $7M | $9M | $11M | · | · | |
| Deferred Tax | $400.0K | $400.0K | $400.0K | $2M | $8M | $9M | $14M | · | |
| Other Non-current Liabilities | $27M | $6M | $8M | $8M | $22M | $30M | $1M | · | |
| Total Liabilities | $1.39B | $1.04B | $1.02B | $1.08B | $762M | $814M | $108M | · | |
| Long-term Debt | $1.08B | $833M | $857M | $930M | $481M | $623M | $0 | · | |
| Total Debt | $1.08B | $833M | $857M | $930M | $598M | · | · | · | |
| Common Stock | $1M | $1M | $1M | $1M | $0 | $400.0K | $0 | · | |
| Paid-in Capital | $49M | $37M | $19M | $7M | $0 | $0 | $0 | · | |
| Retained Earnings | $273M | $56M | $-190M | $-356M | $-3.06B | $-2.18B | $0 | · | |
| Treasury Stock | $776M | $299M | $151M | $25M | $0 | · | · | · | |
| AOCI | $-1M | $-2M | $-3M | $-4M | $-4M | $-4M | $-3M | · | |
| Stockholders' Equity | $-454M | $-206M | $-324M | $-376M | $-3.06B | $-2.18B | $486M | $452M | |
| Liabilities + Equity | $941M | $837M | $692M | $707M | $696M | $654M | $594M | · | |
| Shares Outstanding | 120,800,000 | 128,800,000 | 131,200,000 | 135,300,000 | 39,500,000 | 39,400,000 | 0 | 0 |
Cash Flow 18
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
| D&A | $19M | $36M | $28M | $21M | $54M | $25M | $25M | $26M | |
| Stock-based Comp | $22M | $21M | $14M | $10M | $5M | $2M | $0 | $0 | |
| Deferred Tax | $-20M | $-9M | $-6M | $-4M | $-2M | $-3M | $500.0K | $-9M | |
| Amort. of Intangibles | $17M | $35M | $27M | $20M | $51M | $22M | $22M | $23M | |
| Restructuring | · | · | · | $5M | $5M | · | · | · | |
| Other Non-cash | $24M | $-96M | $14M | $-88M | $142M | · | · | · | |
| Operating Cash Flow | $261M | $200M | $216M | $21M | $226M | $97M | $98M | $141M | |
| CapEx | $5M | $2M | $2M | $2M | $2M | $2M | $3M | $5M | |
| Investing Cash Flow | $-5M | $-2M | $-2M | $-2M | $-2M | $-2M | $-3M | $-5M | |
| Debt Issued | $700M | $0 | $115M | $164M | $20M | $881M | $0 | $0 | |
| Net Debt Issued | $250M | $-25M | $-74M | $-511M | $-94M | · | · | · | |
| Stock Issued | · | · | · | $0 | $0 | $524M | $0 | $0 | |
| Stock Repurchased | · | · | · | $43M | $0 | $0 | · | · | |
| Net Stock Activity | · | · | · | $-43M | $0 | · | · | · | |
| Financing Cash Flow | $-238M | $-175M | $-202M | $-135M | $-121M | $-53M | $-100M | $-133M | |
| Net Change in Cash | $18M | $23M | $13M | $-117M | $104M | $43M | $-5M | $3M | |
| Free Cash Flow | $256M | $198M | $214M | $19M | $224M | · | · | · | |
| Levered FCF | $205M | $154M | $164M | $-20M | $184M | · | · | · |
Profitability 8
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 33.3% | 35.4% | 31.8% | 30.8% | 31.0% | · | · | · | |
| Operating Margin | 15.4% | 19.4% | 17.2% | 15.5% | 13.5% | · | · | · | |
| Net Margin | 9.3% | 12.3% | 9.9% | 6.0% | 2.2% | · | · | · | |
| Pretax Margin | 12.5% | 16.5% | 13.2% | 10.6% | 9.9% | · | · | · | |
| EBITDA Margin | 16.2% | 21.2% | 18.9% | 17.0% | 17.8% | · | · | · | |
| ROA | 24.3% | 32.2% | 23.7% | 11.7% | 4.1% | · | · | · | |
| ROE | -72.0% | -109.8% | -48.1% | -21.5% | -0.89% | · | · | · | |
| ROIC | 42.4% | 46.3% | 40.5% | 30.6% | -6.3% | · | · | · |
Liquidity & Solvency 5
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 2.4 | 2.9 | 2.8 | 2.9 | 1.5 | · | · | · | |
| Quick Ratio | 1.0 | 1.4 | 1.4 | 1.5 | 1.0 | · | · | · | |
| Debt / Equity | -2.4 | -4.0 | -2.6 | -2.5 | -0.2 | · | · | · | |
| LT Debt / Equity | -2.4 | -4.0 | -2.6 | -2.5 | -0.2 | · | · | · | |
| Interest Coverage | 5.2 | 6.7 | 4.3 | 4.3 | 3.9 | · | · | · |
Efficiency 3
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 2.6 | 2.6 | 2.4 | 2.0 | 1.8 | · | · | · | |
| Inventory Turnover | 5.0 | 5.4 | 5.8 | 6.0 | 6.4 | · | · | · | |
| Receivables Turnover | 10.4 | 10.3 | 9.8 | 9.9 | 13.3 | · | · | · |
Growth Rates 9
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue YoY | 16.1% | 19.8% | 21.5% | 10.0% | 26.2% | · | · | · | |
| Revenue CAGR 3Y | 19.1% | 17.0% | 19.0% | · | · | · | · | · | |
| Revenue CAGR 5Y | 18.6% | · | · | · | · | · | · | · | |
| EPS YoY | -9.7% | 51.2% | 39.8% | 25.7% | 16.7% | · | · | · | |
| EPS CAGR 3Y | 24.1% | 38.5% | 27.0% | · | · | · | · | · | |
| EPS CAGR 5Y | 22.9% | · | · | · | · | · | · | · | |
| Net Income YoY | -12.3% | 48.9% | 101.1% | 198.2% | 17.4% | · | · | · | |
| Net Income CAGR 3Y | 38.0% | 107.5% | 91.7% | · | · | · | · | · | |
| Net Income CAGR 5Y | 55.9% | · | · | · | · | · | · | · |
Valuation (TTM) 13
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $2.32B | $2.00B | $1.67B | $1.37B | $1.25B | $988M | $854M | · | |
| Net Income TTM | $216M | $246M | $166M | $82M | $28M | $24M | $0 | · | |
| Market Cap | $4.39B | $7.82B | $5.41B | $2.79B | $1.21B | · | · | · | |
| Enterprise Value | $5.40B | $8.58B | $6.22B | $3.68B | $1.66B | · | · | · | |
| P/E | 21.6 | 32.6 | 33.5 | 23.4 | 43.9 | 34.6 | · | · | |
| P/S | 1.9 | 3.9 | 3.2 | 2.0 | 1.0 | · | · | · | |
| P/B | -9.7 | -38.0 | -16.7 | -7.4 | -0.4 | · | · | · | |
| P / Cash Flow | 16.8 | 39.2 | 25.1 | 132.8 | 5.4 | · | · | · | |
| P / FCF | 17.2 | 39.5 | 25.3 | 145.2 | 5.4 | · | · | · | |
| EV / EBITDA | 14.4 | 20.2 | 19.7 | 15.8 | 7.5 | · | · | · | |
| EV / FCF | 21.1 | 43.4 | 29.1 | 191.8 | 7.4 | · | · | · | |
| EV / Revenue | 2.3 | 4.3 | 3.7 | 2.7 | 1.3 | · | · | · | |
| Earnings Yield | 4.6% | 3.1% | 3.0% | 4.3% | 2.3% | 2.9% | · | · |
Income Statement 14
| Metric | Trend | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $570M | $599M | $537M | $648M | $548M | $588M | $533M | $556M | $515M | $495M | $430M | $473M | $446M | $386M | $363M | $379M | |
| Cost of Revenue | $407M | $437M | $376M | $461M | $354M | $398M | $333M | $351M | $326M | $330M | $282M | $317M | $310M | $268M | $241M | $257M | |
| Gross Profit | $163M | $162M | $161M | $187M | $194M | $190M | $200M | $205M | $190M | $164M | $148M | $155M | $136M | $117M | $122M | $122M | |
| SG&A Expense | $94M | $92M | $78M | $81M | $144M | $90M | $80M | $89M | $74M | $69M | $53M | $65M | $55M | $54M | $42M | $56M | |
| Operating Income | $65M | $66M | $78M | $102M | $45M | $95M | $115M | $112M | $112M | $91M | $73M | $78M | $76M | $58M | $75M | $61M | |
| Interest Expense | · | · | $20M | $19M | $18M | $16M | $14M | $14M | $14M | $14M | $15M | $16M | $17M | $17M | $17M | $16M | |
| Pretax Income | $46M | $46M | $58M | $83M | $26M | $79M | $101M | $98M | $97M | $76M | $58M | $62M | $59M | $41M | $58M | $45M | |
| Income Tax | $11M | $12M | $15M | $24M | $5M | $20M | $24M | $26M | $24M | $19M | $14M | $16M | $14M | $10M | $14M | $11M | |
| Net Income | $34M | $34M | $44M | $60M | $21M | $59M | $77M | $72M | $74M | $57M | $44M | $46M | $44M | $31M | $44M | $34M | |
| EPS (Basic) | $0.29 | $0.29 | $0.37 | $0.47 | $0.17 | $0.46 | $0.60 | $0.55 | $0.57 | $0.44 | $0.33 | $0.35 | $0.33 | $0.23 | $0.33 | $0.36 | |
| EPS (Diluted) | $0.29 | $0.29 | $0.36 | $0.48 | $0.16 | $0.45 | $0.59 | $0.54 | $0.56 | $0.43 | $0.33 | $0.34 | $0.33 | $0.23 | $0.33 | $0.36 | |
| Shares (Basic) | 116,400,000 | 117,300,000 | 119,300,000 | -256,800,000 | 126,600,000 | 128,200,000 | 128,900,000 | -261,900,000 | 130,000,000 | 131,000,000 | 131,200,000 | -267,700,000 | 132,400,000 | 133,400,000 | 134,900,000 | -144,900,000 | |
| Shares (Diluted) | 116,600,000 | 117,500,000 | 119,900,000 | -260,500,000 | 128,000,000 | 129,900,000 | 131,100,000 | -265,800,000 | 132,100,000 | 133,000,000 | 133,000,000 | -269,300,000 | 133,800,000 | 134,500,000 | 135,100,000 | -145,400,000 | |
| EBITDA | $65M | $66M | $83M | · | $45M | $95M | $120M | · | $112M | $91M | $96M | · | $76M | $58M | $80M | · |
Balance Sheet 28
| Metric | Trend | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $50M | $33M | $64M | $72M | $44M | $28M | $50M | $71M | $73M | $79M | $85M | · | $26M | $26M | $44M | · | |
| Receivables | $216M | $272M | $246M | $223M | $244M | $266M | $220M | $220M | $231M | $229M | $179M | · | $174M | $194M | $182M | · | |
| Inventory | $481M | $409M | $435M | $330M | $416M | $385M | $349M | $286M | $238M | $194M | $188M | · | $236M | $266M | $213M | · | |
| Prepaid Expense | $32M | $41M | $28M | $23M | $25M | $15M | $31M | $15M | $13M | $10M | $14M | · | $14M | $12M | $15M | · | |
| Current Assets | $780M | $756M | $786M | $666M | $739M | $711M | $650M | $593M | $554M | $513M | $465M | · | $450M | $497M | $454M | · | |
| PP&E (Net) | $30M | $30M | $26M | $19M | $12M | $10M | $10M | $9M | $8M | $8M | $9M | · | $8M | $8M | $8M | · | |
| PP&E (Gross) | $47M | $45M | $41M | $33M | $26M | $23M | $22M | $21M | $21M | $22M | $23M | · | $24M | $23M | $23M | · | |
| Accum. Depreciation | $16M | $15M | $15M | $14M | $14M | $13M | $12M | $12M | $12M | $14M | $15M | · | $15M | $15M | $14M | · | |
| Goodwill | $66M | $66M | $66M | $66M | $66M | $66M | $66M | $66M | $66M | $66M | $66M | · | $66M | $66M | $66M | · | |
| Intangibles | $112M | $116M | $121M | $125M | $129M | $133M | $138M | $142M | $146M | $150M | $155M | · | $189M | $194M | $198M | · | |
| Other Non-current Assets | $39M | $40M | $33M | $33M | $14M | $13M | $13M | $14M | $15M | $15M | $14M | · | $9M | $8M | $8M | · | |
| Total Assets | $1.05B | $1.03B | $1.06B | $941M | $994M | $948M | $885M | $837M | $804M | $765M | $716M | · | $722M | $772M | $735M | · | |
| Accounts Payable | $168M | $141M | $179M | $120M | $126M | $161M | $111M | $121M | $114M | $102M | $91M | · | $96M | $105M | $94M | · | |
| Current Liabilities | $346M | $300M | $352M | $283M | $290M | $243M | $194M | $204M | $208M | $173M | $162M | · | $168M | $157M | $149M | · | |
| Capital Leases | · | · | · | $27M | · | · | · | $4M | · | · | · | · | · | · | · | · | |
| Deferred Tax | $400.0K | $400.0K | $400.0K | · | $400.0K | $400.0K | $400.0K | · | $400.0K | $400.0K | $400.0K | · | $500.0K | $1M | $4M | · | |
| Other Non-current Liabilities | $38M | $37M | $34M | $27M | $4M | $4M | $4M | $6M | $6M | $7M | $7M | · | $8M | $7M | $8M | · | |
| Total Liabilities | $1.52B | $1.52B | $1.57B | $1.39B | $1.30B | $1.20B | $1.03B | $1.04B | $1.05B | $1.01B | $1.00B | · | $1.09B | $1.14B | $1.11B | · | |
| Long-term Debt | $1.14B | $1.19B | $1.18B | $1.08B | $1.01B | $954M | $833M | $833M | $833M | $832M | $832M | · | $910M | $970M | $945M | · | |
| Total Debt | $1.14B | $1.19B | $1.18B | · | $1.01B | $954M | $833M | · | $833M | $832M | $832M | · | $910M | $970M | $945M | · | |
| Common Stock | $1M | $1M | $1M | $1M | $1M | $1M | $1M | $1M | $1M | $1M | $1M | · | $1M | $1M | $1M | · | |
| Paid-in Capital | $59M | $52M | $46M | $49M | $43M | $38M | $32M | $37M | $32M | $26M | $21M | · | $16M | $12M | $8M | · | |
| Retained Earnings | $384M | $350M | $316M | $273M | $213M | $192M | $133M | $56M | $-15M | $-89M | $-146M | · | $-236M | $-280M | $-311M | · | |
| Treasury Stock | $910M | $900M | $873M | $776M | $567M | $483M | $310M | $299M | $258M | $184M | $160M | · | $143M | $94M | $66M | · | |
| AOCI | $-2M | $-1M | $-1M | $-1M | $-900.0K | $-3M | $-3M | $-2M | $-3M | $-3M | $-2M | · | $-2M | $-2M | $-3M | · | |
| Stockholders' Equity | $-467M | $-498M | $-511M | $-454M | $-310M | $-254M | $-147M | $-206M | $-243M | $-248M | $-287M | $-324M | $-365M | $-363M | $-370M | $-376M | |
| Liabilities + Equity | $1.05B | $1.03B | $1.06B | $941M | $994M | $948M | $885M | $837M | $804M | $765M | $716M | · | $722M | $772M | $735M | · | |
| Shares Outstanding | · | · | · | 120,800,000 | · | · | · | 128,800,000 | · | · | · | 131,200,000 | · | · | · | 135,300,000 |
Cash Flow 16
| Metric | Trend | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $5M | $5M | $5M | $5M | $5M | $5M | $5M | $5M | $5M | $5M | $23M | $12M | $5M | $5M | $5M | $5M | |
| Stock-based Comp | $6M | $6M | $5M | $5M | $5M | $6M | $6M | $6M | $6M | $5M | $5M | $4M | $4M | $4M | $4M | $3M | |
| Deferred Tax | $-7M | $10M | $5M | $600.0K | $-18M | $-5M | $3M | $2M | $-2M | $-5M | $-3M | $-4M | $-800.0K | $-2M | $1M | $-3M | |
| Amort. of Intangibles | $4M | $4M | $4M | $4M | $4M | $4M | $4M | $4M | $4M | $4M | $22M | $12M | $5M | $5M | $5M | $5M | |
| Other Non-cash | · | · | $-62M | · | · | · | $-87M | · | · | · | $6M | · | · | · | $-18M | · | |
| Operating Cash Flow | $79M | $-11M | $-3M | $169M | $40M | $48M | $3M | $40M | $69M | $16M | $74M | $85M | $110M | $-16M | $36M | $10M | |
| CapEx | $2M | $2M | $4M | $1M | $2M | $600.0K | $1M | $1M | $100.0K | $300.0K | $200.0K | $800.0K | $500.0K | $200.0K | $300.0K | $600.0K | |
| Investing Cash Flow | $-2M | $-2M | $-4M | $-1M | $-2M | $-600.0K | $-1M | $-1M | $-100.0K | $-300.0K | $-200.0K | $-800.0K | $-500.0K | $-200.0K | $-300.0K | $-600.0K | |
| Debt Issued | $60M | $85M | $180M | $340M | $130M | $195M | $35M | $0 | $0 | $0 | $0 | $0 | $0 | $60M | $55M | $55M | |
| Net Debt Issued | · | · | $100M | · | · | · | $0 | · | · | · | $-25M | · | · | · | $15M | · | |
| Stock Repurchased | $10M | $30M | $97M | · | $83M | $173M | $12M | · | $75M | $21M | $9M | · | $49M | $27M | $41M | · | |
| Net Stock Activity | · | · | $-97M | · | · | · | $-12M | · | · | · | $-9M | · | · | · | $-41M | · | |
| Financing Cash Flow | $-60M | $-30M | $-5M | $-134M | $-28M | $-53M | $-23M | $-40M | $-75M | $-21M | $-38M | $-62M | $-109M | $-2M | $-28M | $-7M | |
| Net Change in Cash | $18M | $-44M | $-12M | $34M | $11M | $-5M | $-22M | $-2M | $-7M | $-6M | $37M | $22M | $600.0K | $-18M | $8M | $1M | |
| Free Cash Flow | · | · | $-7M | · | · | · | $2M | · | · | · | $74M | · | · | · | $36M | · | |
| Levered FCF | · | · | $-22M | · | · | · | $-9M | · | · | · | $63M | · | · | · | $23M | · |
Profitability 8
| Metric | Trend | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 28.6% | 27.0% | 29.9% | · | 35.4% | 32.3% | 37.5% | · | 36.9% | 33.2% | 34.4% | · | 30.5% | 30.4% | 33.6% | · | |
| Operating Margin | 11.5% | 11.0% | 14.6% | · | 8.2% | 16.2% | 21.6% | · | 21.6% | 18.4% | 17.0% | · | 17.0% | 15.0% | 20.7% | · | |
| Net Margin | 6.0% | 5.7% | 8.1% | · | 3.8% | 10.0% | 14.4% | · | 14.3% | 11.6% | 10.2% | · | 9.9% | 8.0% | 12.2% | · | |
| Pretax Margin | 8.0% | 7.7% | 10.9% | · | 4.8% | 13.4% | 18.9% | · | 18.9% | 15.5% | 13.5% | · | 13.2% | 10.7% | 16.1% | · | |
| EBITDA Margin | 11.5% | 11.0% | 15.5% | · | 8.2% | 16.2% | 22.5% | · | 21.6% | 18.4% | 22.2% | · | 17.0% | 15.0% | 22.2% | · | |
| ROA | 3.3% | 3.4% | 4.5% | · | 2.3% | 6.9% | 9.6% | · | 9.7% | 7.4% | 6.0% | · | 6.2% | 4.3% | 6.6% | · | |
| ROE | -8.8% | -9.0% | -13.3% | · | -7.6% | -23.4% | -35.5% | · | -24.2% | -18.7% | -13.4% | · | -11.8% | -7.8% | -2.8% | · | |
| ROIC | 7.4% | 7.1% | 8.7% | · | 5.1% | 10.2% | 12.8% | · | 14.3% | 11.6% | 10.1% | · | 10.5% | 7.2% | 9.9% | · |
Liquidity & Solvency 5
| Metric | Trend | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 2.3 | 2.5 | 2.2 | · | 2.5 | 2.9 | 3.3 | · | 2.7 | 3.0 | 2.9 | · | 2.7 | 3.2 | 3.0 | · | |
| Quick Ratio | 0.8 | 1.0 | 0.9 | · | 1.0 | 1.2 | 1.4 | · | 1.5 | 1.8 | 1.6 | · | 1.2 | 1.4 | 1.5 | · | |
| Debt / Equity | -2.4 | -2.4 | -2.3 | · | -3.3 | -3.8 | -5.7 | · | -3.4 | -3.4 | -2.9 | · | -2.5 | -2.7 | -2.6 | · | |
| LT Debt / Equity | -2.4 | -2.4 | -2.3 | · | -3.3 | -3.8 | -5.7 | · | -3.4 | -3.4 | -2.9 | · | -2.5 | -2.7 | -2.6 | · | |
| Interest Coverage | · | · | 3.9 | · | 2.4 | 5.8 | 8.0 | · | 7.8 | 6.3 | 4.9 | · | 4.4 | 3.5 | 4.5 | · |
Efficiency 3
| Metric | Trend | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.6 | 0.6 | 0.6 | · | 0.6 | 0.7 | 0.7 | · | 0.7 | 0.6 | 0.6 | · | 0.6 | 0.5 | 0.5 | · | |
| Inventory Turnover | 0.9 | 1.1 | 1.0 | · | 1.1 | 1.4 | 1.2 | · | 1.4 | 1.4 | 1.4 | · | 1.3 | 1.3 | 1.4 | · | |
| Receivables Turnover | 2.5 | 2.2 | 2.3 | · | 2.3 | 2.4 | 2.7 | · | 2.5 | 2.3 | 2.4 | · | 2.8 | 2.4 | 2.4 | · |
Valuation (TTM) 4
| Metric | Trend | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $2.25B | $2.27B | $2.21B | · | $2.18B | $2.13B | $1.97B | · | $1.89B | $1.76B | $1.62B | · | $1.56B | $1.43B | $1.35B | · | |
| Net Income TTM | $133M | $157M | $200M | · | $230M | $266M | $252M | · | $219M | $176M | $163M | · | $158M | $116M | $93M | · | |
| P/E | 11.8 | 12.8 | 17.1 | · | 32.9 | 36.7 | 39.4 | · | 34.6 | 44.7 | 45.4 | · | 31.0 | 39.1 | 30.2 | · | |
| Earnings Yield | 8.5% | 7.8% | 5.8% | · | 3.0% | 2.7% | 2.5% | · | 2.9% | 2.2% | 2.2% | · | 3.2% | 2.6% | 3.3% | · |
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
Income Statement
| 2025-09-30 | 2024-09-30 | 2023-09-30 | 2022-09-30 | 2021-09-30 | |
|---|---|---|---|---|---|
| Revenue | $2.32B | $2.00B | $1.67B | $1.37B | $1.25B |
| Gross Margin % | 33.3% | 35.4% | 31.8% | 30.8% | 31.0% |
| Operating Margin % | 15.4% | 19.4% | 17.2% | 15.5% | 13.5% |
| Net Income | $216M | $246M | $166M | $82M | $28M |
| Diluted EPS | $1.68 | $1.86 | $1.23 | $0.88 | $0.70 |
Balance Sheet
| 2025-09-30 | 2024-09-30 | 2023-09-30 | 2022-09-30 | 2021-09-30 | |
|---|---|---|---|---|---|
| Debt / Equity | -2.4 | -4.0 | -2.6 | -2.5 | -0.2 |
| Current Ratio | 2.4 | 2.9 | 2.8 | 2.9 | 1.5 |
| Quick Ratio | 1.0 | 1.4 | 1.4 | 1.5 | 1.0 |
Cash Flow
| 2025-09-30 | 2024-09-30 | 2023-09-30 | 2022-09-30 | 2021-09-30 | |
|---|---|---|---|---|---|
| Free Cash Flow | $256M | $198M | $214M | $19M | $224M |
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Institutional owners (13F) 421 filers · $1.3B total · As of June 30, 2026
Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.
Institutional activity — Q2 2026 vs prior quarter
| New positions | Exited positions | Increased | Decreased | Net shares change |
|---|---|---|---|---|
| 96 (+24 vs prior Q) | 97 (0 vs prior Q) | 109 (-42 vs prior Q) | 131 (-1 vs prior Q) | +12.5M |
Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.
| Institution | Value | Shares | % of tracked 13F | Type |
|---|---|---|---|---|
| VANGUARD PORTFOLIO MANAGEMENT LLC | $85,509,474 | 6,608,151 | 6.80% | Shares |
| YACKTMAN ASSET MANAGEMENT LP | $68,103,220 | 5,263,000 | 5.42% | Shares |
| VANGUARD CAPITAL MANAGEMENT LLC | $67,871,723 | 5,245,110 | 5.40% | Shares |
| TWO SIGMA INVESTMENTS, LP | $64,341,601 | 4,972,303 | 5.12% | Shares |
| MILLENNIUM MANAGEMENT LLC | $58,733,586 | 4,538,917 | 4.67% | Shares |
| GOLDMAN SACHS GROUP INC | $56,855,280 | 4,393,762 | 4.52% | Shares |
| STATE STREET CORP | $43,118,409 | 3,332,180 | 3.43% | Shares |
| Diamond Hill Capital Management, LLC (Investment Advisor) | $42,868,020 | 3,312,830 | 3.41% | Shares |
| Point72 Asset Management, L.P. | $37,685,007 | 2,912,288 | 3.00% | Shares |
| CITADEL ADVISORS LLC | $33,858,299 | 2,616,561 | 2.69% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $33,473,595 | 2,586,271 | 2.66% | Shares |
| WASATCH ADVISORS LP | $32,089,365 | 1,994,367 | 2.55% | Shares |
| Balyasny Asset Management L.P. | $27,693,010 | 2,140,109 | 2.20% | Shares |
| BNP PARIBAS FINANCIAL MARKETS | $27,591,664 | 2,132,277 | 2.19% | Shares |
| Philosophy Capital Management LLC | $27,183,394 | 2,100,726 | 2.16% | Shares |
| CAPITAL FUND MANAGEMENT S.A. | $25,912,440 | 2,002,507 | 2.06% | Shares |
| D. E. Shaw & Co., Inc. | $19,882,815 | 1,536,539 | 1.58% | Shares |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $19,191,482 | 1,483,113 | 1.53% | Shares |
| HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC | $16,799,277 | 1,298,244 | 1.34% | Shares |
| Woodline Partners LP | $15,384,974 | 1,188,947 | 1.22% | Shares |
| Lighthouse Investment Partners, LLC | $12,804,855 | 989,556 | 1.02% | Shares |
| TUDOR INVESTMENT CORP ET AL | $12,737,877 | 984,380 | 1.01% | Shares |
| Cubist Systematic Strategies, LLC | $12,565,795 | 345,689 | 1.00% | Shares |
| CANADA PENSION PLAN INVESTMENT BOARD | $12,489,688 | 965,200 | 0.99% | Shares |
| Assenagon Asset Management S.A. | $11,477,482 | 886,977 | 0.91% | Shares |
| TWO SIGMA ADVISERS, LP | $11,445,786 | 428,200 | 0.91% | Shares |
| SHAPIRO CAPITAL MANAGEMENT LLC | $10,989,489 | 849,265 | 0.87% | Shares |
| DIMENSIONAL FUND ADVISORS LP | $10,412,145 | 804,648 | 0.83% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $10,021,719 | 774,476 | 0.80% | Shares |
| Counterpoint Mutual Funds LLC | $9,007,586 | 696,104 | 0.72% | Shares |
| GABELLI FUNDS LLC | $7,986,892 | 617,225 | 0.64% | Shares |
| DAVIDSON INVESTMENT ADVISORS | $7,904,515 | 610,859 | 0.63% | Shares |
| Nuveen Asset Management, LLC | $7,465,817 | 99,095 | 0.59% | Shares |
| CITIGROUP INC | $7,250,282 | 560,300 | 0.58% | Call option |
| AMERIPRISE FINANCIAL INC | $7,137,846 | 551,611 | 0.57% | Shares |
| Amundi | $6,987,600 | 540,000 | 0.56% | Shares |
| CREDIT AGRICOLE S A | $6,933,640 | 535,830 | 0.55% | Shares |
| Quantinno Capital Management LP | $6,609,273 | 510,763 | 0.53% | Shares |
| Walleye Capital LLC | $6,293,434 | 486,355 | 0.50% | Shares |
| PRIMECAP MANAGEMENT CO/CA/ | $6,286,252 | 485,800 | 0.50% | Shares |
| Qube Research & Technologies Ltd | $6,099,864 | 471,396 | 0.49% | Shares |
| Voleon Capital Management LP | $6,096,720 | 471,153 | 0.48% | Shares |
| Gotham Asset Management, LLC | $5,989,603 | 462,875 | 0.48% | Shares |
| BANK OF AMERICA CORP /DE/ | $5,986,446 | 462,631 | 0.48% | Shares |
| FIRST TRUST ADVISORS LP | $5,820,916 | 449,839 | 0.46% | Shares |
| Pictet Asset Management Holding SA | $5,664,149 | 437,724 | 0.45% | Shares |
| Squarepoint Ops LLC | $5,572,883 | 430,671 | 0.44% | Shares |
| BlackRock, Inc. | $5,504,223 | 425,365 | 0.44% | Shares |
| FMR LLC | $5,478,874 | 423,406 | 0.44% | Shares |
| FEDERATED HERMES, INC. | $5,345,488 | 413,098 | 0.43% | Shares |
| Steamboat Capital Partners, LLC | $5,118,042 | 395,521 | 0.41% | Shares |
| Invenomic Capital Management LP | $4,759,293 | 367,797 | 0.38% | Shares |
| NORGES BANK | $4,309,020 | 333,000 | 0.34% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $4,265,593 | 329,644 | 0.34% | Shares |
| VICTORY CAPITAL MANAGEMENT INC | $3,980,370 | 307,602 | 0.32% | Shares |
| Edgestream Partners, L.P. | $3,938,677 | 304,380 | 0.31% | Shares |
| ENVESTNET ASSET MANAGEMENT INC | $3,932,922 | 303,935 | 0.31% | Shares |
| ING GROEP NV | $3,902,743 | 301,603 | 0.31% | Shares |
| IRIDIAN ASSET MANAGEMENT LLC/CT | $3,686,981 | 284,929 | 0.29% | Shares |
| GAMCO INVESTORS, INC. ET AL | $3,614,802 | 279,351 | 0.29% | Shares |
| CastleKnight Management LP | $3,509,871 | 271,242 | 0.28% | Shares |
| WOLVERINE TRADING, LLC | $3,315,752 | 90,200 | 0.26% | Call option |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $3,090,072 | 238,800 | 0.25% | Call option |
| Trexquant Investment LP | $3,080,108 | 238,030 | 0.24% | Shares |
| Swiss National Bank | $3,032,153 | 234,324 | 0.24% | Shares |
| OSSIAM | $3,010,168 | 232,625 | 0.24% | Shares |
| UBS Group AG | $3,005,962 | 232,300 | 0.24% | Call option |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND | $2,972,318 | 229,700 | 0.24% | Shares |
| Vanguard Global Advisers, LLC | $2,747,486 | 212,325 | 0.22% | Shares |
| D. E. Shaw & Co., Inc. | $2,656,582 | 205,300 | 0.21% | Call option |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $2,599,646 | 200,900 | 0.21% | Put option |
| Mariner, LLC | $2,411,215 | 186,343 | 0.19% | Shares |
| Toroso Investments, LLC | $2,299,555 | 86,029 | 0.18% | Shares |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | $2,243,421 | 173,371 | 0.18% | Shares |
| Caption Management, LLC | $2,232,150 | 172,500 | 0.18% | Put option |
| CITADEL ADVISORS LLC | $2,210,152 | 170,800 | 0.18% | Call option |
| SIMPLEX TRADING, LLC | $2,191,867 | 169,387 | 0.17% | Shares |
| Man Group plc | $2,176,210 | 168,177 | 0.17% | Shares |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | $2,152,568 | 133,783 | 0.17% | Shares |
| Lotus Technology Management, LP | $2,120,171 | 147,126 | 0.17% | Shares |
| Congress Wealth Management LLC / DE / | $2,104,133 | 36,322 | 0.17% | Shares |
| Caption Management, LLC | $2,070,400 | 160,000 | 0.16% | Call option |
| Corient Private Wealth LP | $2,059,842 | 159,184 | 0.16% | Shares |
| ALLIANCEBERNSTEIN L.P. | $2,056,704 | 127,825 | 0.16% | Shares |
| RHUMBLINE ADVISERS | $2,018,796 | 156,013 | 0.16% | Shares |
| BW Gestao de Investimentos Ltda. | $1,963,464 | 151,736 | 0.16% | Shares |
| AXQ CAPITAL, LP | $1,951,844 | 150,838 | 0.16% | Shares |
| CITIGROUP INC | $1,917,048 | 148,149 | 0.15% | Shares |
| CAXTON ASSOCIATES LP | $1,785,407 | 23,698 | 0.14% | Shares |
| ISTHMUS PARTNERS, LLC | $1,767,203 | 136,569 | 0.14% | Shares |
| NORDEN GROUP LLC | $1,763,489 | 136,282 | 0.14% | Shares |
| Orion Porfolio Solutions, LLC | $1,751,779 | 135,377 | 0.14% | Shares |
| BANK OF NOVA SCOTIA | $1,709,775 | 132,131 | 0.14% | Shares |
| Y-Intercept (Hong Kong) Ltd | $1,606,229 | 124,129 | 0.13% | Shares |
| Wedmont Private Capital | $1,593,147 | 127,656 | 0.13% | Shares |
| Dynasty Wealth Management, LLC | $1,574,707 | 121,693 | 0.13% | Shares |
| OCCUDO QUANTITATIVE STRATEGIES LP | $1,554,107 | 120,101 | 0.12% | Shares |
| Quadrature Capital Ltd | $1,528,977 | 118,159 | 0.12% | Shares |
| GROUP ONE TRADING LLC | $1,522,947 | 117,693 | 0.12% | Shares |
| CWM, LLC | $1,474,343 | 91,631 | 0.12% | Shares |
Company insiders 15 insiders · 7 officers · 8 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Michael Carey Axelrod | President and CEO | July 29, 2026 A | 142,964 | 0 | 0 | $0 |
| Darcy Horn Davenport | PRES. AND CEO | Nov. 20, 2022 F | 115,493 | 0 | 0 | $0 |
| Paul A Rode | CFO | Nov. 20, 2022 F | 44,314 | 0 | 0 | $0 |
| Marc S Mollere | SVP, INTERNATIONAL | Nov. 20, 2022 F | 27,730 | 0 | 0 | $0 |
| Robin Singh | SVP, OPERATIONS OF PNC | Nov. 20, 2022 F | 32,808 | 0 | 0 | $0 |
| Douglas J Cornille | Chief Growth Officer | Nov. 20, 2022 F | 40,520 | 0 | 0 | $0 |
| Craig L Rosenthal | SVP, GC & SECRETARY | March 10, 2022 D | 0 | 0 | 0 | $0 |
| David Isaiah Finkelstein | Director | July 1, 2026 A | — | 0 | 0 | $0 |
| Jennifer Kuperman Johnson | Director | July 1, 2026 A | 12,619 | 0 | 0 | $0 |
| Thomas P Erickson | Director | July 1, 2026 A | 13,740 | 0 | 0 | $0 |
| Chonda J Nwamu | Director | July 1, 2026 A | 7,615 | 0 | 0 | $0 |
| Robert V Vitale | Director | July 1, 2026 A | 16,727 | 0 | 0 | $0 |
| Shawn Conway | Director | July 1, 2026 A | — | 0 | 0 | $0 |
| Elliot Stein JR | Director | July 1, 2026 A | 19,551 | 0 | 0 | $0 |
| Post Holdings, Inc. | 10% owner | March 9, 2022 J | 19,397,339 | 0 | 0 | $0 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
ETF ownership Held by 57 ETFs
Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.
| Fund | Weight | Units | As of | Source |
|---|---|---|---|---|
| FXG · First Trust Exchange-Traded AlphaDE… | 2.71% | 372,128 NS | April 30, 2026 | N-PORT |
| DEEP · ETF Series Solutions | 0.43% | 13,455 NS | May 31, 2026 | N-PORT |
| MCOW · Pacer Funds Trust | 0.39% | 216 NS | April 30, 2026 | N-PORT |
| CALF · Pacer Funds Trust | 0.30% | 573,780 NS | April 30, 2026 | N-PORT |
| VFVA · VANGUARD WELLINGTON FUND | 0.25% | 161,487 SH | Aug. 8, 2026 | Daily |
| FSTA · FIDELITY COVINGTON TRUST | 0.22% | 179,952 NS | April 30, 2026 | N-PORT |
| VDC · VANGUARD WORLD FUND | 0.19% | 1,351,708 SH | Aug. 8, 2026 | Daily |
| FYC · First Trust Exchange-Traded AlphaDE… | 0.12% | 71,207 NS | April 30, 2026 | N-PORT |
| VTWV · VANGUARD SCOTTSDALE FUNDS | 0.10% | 103,215 SH | Aug. 8, 2026 | Daily |
| FLOW · Global X Funds | 0.10% | 3,418 NS | May 31, 2026 | N-PORT |
| BKSE · BNY Mellon ETF Trust | 0.10% | 4,324 NS | April 30, 2026 | N-PORT |
| IWN · iShares Trust | 0.09% | 1,102,498 SH | Aug. 8, 2026 | Daily |
| PTMC · Pacer Funds Trust | 0.06% | 14,014 NS | April 30, 2026 | N-PORT |
| OMFS · Invesco Exchange-Traded Self-Indexe… | 0.06% | 15,735 SH | Aug. 8, 2026 | Daily |
| ESSC · Strategy Shares | 0.06% | 890 NS | April 30, 2026 | N-PORT |
| VTWO · VANGUARD SCOTTSDALE FUNDS | 0.05% | 683,337 SH | Aug. 8, 2026 | Daily |
| IWM · iShares Trust | 0.05% | 3,007,745 SH | Aug. 8, 2026 | Daily |
| DFAS · Dimensional ETF Trust | 0.04% | 342,433 NS | April 30, 2026 | N-PORT |
| SMDX · Tidal Trust III | 0.04% | 3,026 NS | April 30, 2026 | N-PORT |
| ISCV · iShares Trust | 0.04% | 24,732 SH | Aug. 8, 2026 | Daily |
| PKW · Invesco Exchange-Traded Fund Trust | 0.04% | 65,104 SH | Aug. 8, 2026 | Daily |
| BBMC · J.P. Morgan Exchange-Traded Fund Tr… | 0.04% | 47,284 NS | April 30, 2026 | N-PORT |
| MIDU · Direxion Shares ETF Trust | 0.04% | 1,942 NS | April 30, 2026 | N-PORT |
| PRFZ · Invesco Exchange-Traded Fund Trust | 0.03% | 71,187 SH | Aug. 8, 2026 | Daily |
| FAD · First Trust Exchange-Traded AlphaDE… | 0.02% | 6,640 NS | April 30, 2026 | N-PORT |
| MVV · ProShares Trust | 0.02% | 4,054 NS | May 31, 2026 | N-PORT |
| ISCB · iShares Trust | 0.02% | 4,993 SH | Aug. 8, 2026 | Daily |
| SCHA · SCHWAB STRATEGIC TRUST | 0.02% | 563,459 NS | May 31, 2026 | N-PORT |
| DFAT · Dimensional ETF Trust | 0.02% | 158,570 NS | April 30, 2026 | N-PORT |
| VXF · VANGUARD INDEX FUNDS | 0.02% | 1,334,217 SH | Aug. 8, 2026 | Daily |
| VB · VANGUARD INDEX FUNDS | 0.02% | 2,659,392 SH | Aug. 8, 2026 | Daily |
| VBK · VANGUARD INDEX FUNDS | 0.02% | 765,063 SH | Aug. 8, 2026 | Daily |
| VBR · VANGUARD INDEX FUNDS | 0.02% | 847,711 SH | Aug. 8, 2026 | Daily |
| REVS · Columbia ETF Trust I | 0.02% | 3,061 NS | April 30, 2026 | N-PORT |
| SCHM · SCHWAB STRATEGIC TRUST | 0.02% | 317,878 NS | May 31, 2026 | N-PORT |
| TILT · FlexShares Trust | 0.02% | 18,942 NS | April 30, 2026 | N-PORT |
| UMDD · ProShares Trust | 0.01% | 566 NS | May 31, 2026 | N-PORT |
| SMLF · iShares Trust | 0.01% | 46,374 SH | Aug. 8, 2026 | Daily |
| RECS · Columbia ETF Trust I | 0.01% | 39,573 NS | April 30, 2026 | N-PORT |
| FNDA · SCHWAB STRATEGIC TRUST | 0.01% | 134,386 NS | May 31, 2026 | N-PORT |
| LRND · New York Life Investments ETF Trust | 0.01% | 1,979 NS | April 30, 2026 | N-PORT |
| MSSM · MORGAN STANLEY PATHWAY FUNDS | 0.01% | 4,927 NS | May 31, 2026 | N-PORT |
| GVUS · Goldman Sachs ETF Trust | 0.00% | 1,522 NS | May 31, 2026 | N-PORT |
| IWV · iShares Trust | 0.00% | 36,119 SH | Aug. 8, 2026 | Daily |
| ITOT · iShares Trust | 0.00% | 165,617 SH | Aug. 8, 2026 | Daily |
| DFAC · Dimensional ETF Trust | 0.00% | 50,223 NS | April 30, 2026 | N-PORT |
| SCHB · SCHWAB STRATEGIC TRUST | 0.00% | 74,858 NS | May 31, 2026 | N-PORT |
| MSLC · MORGAN STANLEY PATHWAY FUNDS | 0.00% | 4,599 NS | May 31, 2026 | N-PORT |
| DFUS · Dimensional ETF Trust | 0.00% | 11,579 NS | April 30, 2026 | N-PORT |
| FNDB · SCHWAB STRATEGIC TRUST | 0.00% | 1,356 NS | May 31, 2026 | N-PORT |