CRAI CRA International,Inc. - Common Stock
$171.78
Price · Aug 19, 2026
Fundamentals as of Aug 6, 2026
52W Range
$132–$227
42% of range
Analyst Rating
STRONG BUY
8 analysts
Price Target
$250
+46% upside
P/E (TTM)
20.8
ROE
26.7%
Net Profit Margin
7.3%
About CRA International,Inc. - Common Stock Company overview from Wikipedia
CRA International, Inc. is a global consulting firm headquartered in Boston. The firm provides expert testimony and litigation support, strategic advice, and analysis to law firms, corporations, accounting firms, and governments.
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CRA International, Inc. (doing business as Charles River Associates) is a global consulting firm headquartered in Boston. The firm provides expert testimony and litigation support, strategic advice, and analysis to law firms, corporations, accounting firms, and governments.
Practice areas
Their practices include: antitrust & competition economics, auctions & competitive bidding, energy, finance, financial economics, forensic services, intellectual property, labor & employment, life sciences, management consulting (Marakon), risk investigations & analytics, and transfer pricing.
History
CRA was founded in 1965 by Jerry Kraft, John Kaler, and Alan Willens. The company went public through an initial public offering in April 1998.
In 2005, CRA acquired economic consultancy firm Lexecon to expand its practice into Europe and the United Kingdom.
Marakon, which CRA acquired in 2009, forms part of their management consulting practice. Marakon Associates was founded in 1978 and pioneered value-based management (VBM) in the mid-1980s based on the academic work of Dr. Bill Alberts. This management principle, also known as managing for value (MFV), states that management should first and foremost consider the interests of shareholders when making management decisions. Under this principle, senior executives should set performance targets in terms of delivering shareholder returns (stock price and dividends payments) and managing to achieve them.
In 2017, CRA acquired life sciences strategy firm C1 Consulting. In 2022, CRA acquired life sciences firm bioStrategies Group and labor-focused firm Welch Consulting.
Economic forecasts used to oppose climate policymaking
Prior to the 1992 Earth Summit in Rio de Janeiro and the 1997 Kyoto summit (that led to the Kyoto Protocol), the fossil fuel industry used reports authored by CRA and funded by the fossil fuel industry to argue that US compliance with climate policy would be economically disastrous. CRA called the Clinton administration's projections for costs of compliance with the Kyoto Protocol wildly optimistic, and argued that compliance would take a "healthy whack out of the economy". CRA's work forecasting the impact on employment of the 2003 Climate Stewardship Act was criticized by the Natural Resources Defense Council in 2005 for using unrealistic economic assumptions and producing directionally incorrect estimates. According to a 2021 study, flawed economic forecasting reports written by four economists at Charles River Associates between 1991 and 2009, and paid for by fossil fuel interests, overestimated predicted costs and ignored potential policy benefits. The study argues that the reports written by CRA "played a key role in weakening, delaying, or defeating a wide range of climate policies".
Source: Wikipedia, CC BY-SA 4.0 · View on Wikipedia ↗
CRAI Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
Price
$171.78
Market Cap
$1.11B
P/E (TTM)
20.8
EPS (TTM)
$8.14
Revenue (TTM)
$752M
Div Yield
1.2%
ROE
26.7%
Debt/Equity
—
52W Range
$132 – $227
CRAI Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view
Configure
10-Year Performance Revenue, net income, margins and EPS trends
Revenue & Net Income
$752M
2016-12-31
→
2026-01-03
EPS
$8.14
2021-01-02
→
2026-01-03
Free Cash Flow
$19M
2016-12-31
→
2026-01-03
Margins
7.3%
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
Metric
5Y trend
CRAI
Peer Median
P/E (TTM)
20.8
23.4
P/S (TTM)
1.5
1.6
P/B
5.2
3.7
Price / FCF
59.7
—
Profitability Gross, operating and net margins; ROE, ROA, ROIC
Metric
5Y trend
CRAI
Peer Median
Operating Margin
11.1%
—
Net Profit Margin
7.3%
2.3%
ROA
9.1%
3.9%
ROE
26.7%
9.8%
ROIC
27.8%
—
Financial Health Debt, liquidity, solvency — balance sheet strength
Metric
5Y trend
CRAI
Peer Median
Current Ratio
0.9
0.9
Quick Ratio
0.6
—
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
Metric
5Y trend
CRAI
Peer Median
Revenue YoY
9.3%
—
Revenue CAGR 3Y
8.3%
—
Revenue CAGR 5Y
8.1%
—
EPS YoY
20.8%
—
Net Income YoY
17.4%
—
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
Metric
5Y trend
CRAI
Peer Median
Payout Ratio
25.2%
—
Dividends Yield, payout ratio, dividend history, 5Y CAGR
Dividend Yield
1.2%
Payout Ratio
25.2%
5Y Div CAGR
—
| Ex-date | Amount |
|---|---|
| May 26, 2026 | $0.5700 |
| March 10, 2026 | $0.5700 |
| Nov. 25, 2025 | $0.5700 |
| Aug. 26, 2025 | $0.4900 |
| May 27, 2025 | $0.4900 |
| March 4, 2025 | $0.4900 |
| Nov. 26, 2024 | $0.4900 |
| Aug. 27, 2024 | $0.4200 |
| May 24, 2024 | $0.4200 |
| March 11, 2024 | $0.4200 |
| Nov. 27, 2023 | $0.4200 |
| Aug. 28, 2023 | $0.3600 |
| May 26, 2023 | $0.3600 |
| March 13, 2023 | $0.3600 |
| Nov. 28, 2022 | $0.3600 |
| Aug. 29, 2022 | $0.3100 |
| May 27, 2022 | $0.3100 |
| March 14, 2022 | $0.3100 |
| Nov. 29, 2021 | $0.3100 |
| Aug. 30, 2021 | $0.2600 |
CRAI Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
BUY
8 analysts
- Strong Buy 3 37.5%
- Buy 3 37.5%
- Hold 2 25.0%
- Sell 0 0.0%
- Strong Sell 0 0.0%
12-Month Price Target
2 analysts · 2026-08-15
Median
$250.50
← Below all targets
$171.78
Low
$245.00
High
$256.00
Median target
$250.50
+45.8%
Mean target
$250.50
+45.8%
Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
Avg Surprise
0.05%
| Period | EPS Actual | EPS Est | Surprise |
|---|---|---|---|
| June 30, 2026 | $2.16 | $2.19 | -0.03% |
| March 31, 2026 | $1.99 | $2.06 | -0.07% |
| Dec. 31, 2025 | $2.06 | $2.11 | -0.05% |
| Sept. 30, 2025 | $2.06 | $1.84 | 0.22% |
| June 30, 2025 | $1.88 | $1.87 | 0.01% |
| March 31, 2025 | $2.22 | $1.99 | 0.23% |
Peer comparison (GICS sub-industry) Key metrics vs sector peers
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| CRAI | $1.31B | 24.6 | 9.3% | 7.3% | 26.7% | — |
| INOD | $1.65B | 55.4 | 47.6% | 12.8% | 37.7% | 39.5% |
| TIC | — | — | — | — | — | — |
| ICFI | $1.56B | 17.2 | -7.3% | 4.9% | 9.0% | — |
| BKSY | — | -9.0 | 4.4% | — | — | — |
| FBYD | — | — | — | — | — | — |
| WLDN | $1.57B | 30.6 | 20.5% | 7.7% | 19.5% | 37.5% |
| LZ | $1.76B | 124.1 | 10.9% | 2.0% | 8.4% | 65.9% |
| RHLD | $1.75B | -299.2 | 9.9% | -1.3% | -206.6% | 56.3% |
| MG | — | 23.9 | -0.77% | 2.3% | 7.8% | 28.2% |
| SPIR | — | 5.0 | -35.2% | 71.7% | 39.1% | 40.8% |
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 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $752M | $687M | $624M | $591M | $566M | $508M | $451M | $418M | $370M | $325M | |
| Cost of Revenue | · | · | · | · | · | · | · | · | $259M | $227M | |
| Gross Profit | · | · | · | · | · | · | · | · | · | $97M | |
| SG&A Expense | $135M | $125M | $115M | $110M | $97M | $90M | $94M | $90M | $87M | $71M | |
| Operating Income | $83M | $71M | $58M | $59M | $56M | $35M | $29M | $29M | $16M | $19M | |
| Interest Expense | · | · | $4M | $2M | $970.0K | $1M | $1M | $647.0K | $484.0K | $469.0K | |
| Other Non-op | · | · | · | · | · | · | · | $387.0K | $-366.0K | $-397.0K | |
| Pretax Income | $77M | $66M | $52M | $59M | $54M | $34M | $27M | $29M | $15M | $22M | |
| Income Tax | $22M | $20M | $14M | $15M | $13M | $9M | $6M | $6M | $7M | $8M | |
| Net Income | $55M | $47M | $38M | $44M | $42M | $25M | $21M | $22M | $8M | $13M | |
| EPS (Basic) | $8.23 | $6.82 | $5.48 | $6.02 | $5.59 | $3.14 | · | · | · | · | |
| EPS (Diluted) | $8.14 | $6.74 | $5.39 | $5.91 | $5.45 | $3.07 | · | · | · | · | |
| Shares (Basic) | 6,641,000 | 6,821,000 | 7,008,000 | 7,218,000 | 7,423,000 | 7,768,000 | 7,866,000 | 8,107,000 | 8,292,000 | 8,503,000 | |
| Shares (Diluted) | 6,714,000 | 6,908,000 | 7,118,000 | 7,355,000 | 7,621,000 | 7,948,000 | 8,167,000 | 8,570,000 | 8,497,000 | 8,601,000 | |
| EBITDA | $97M | $82M | $69M | $71M | $69M | $48M | $40M | $39M | $25M | $27M |
Balance Sheet 22
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $18M | $27M | $46M | $31M | $66M | $46M | $26M | $38M | $54M | $54M | |
| Receivables | $183M | $162M | $143M | $144M | $117M | $112M | $108M | $95M | $80M | $67M | |
| Prepaid Expense | $19M | $17M | $12M | $13M | $11M | $7M | $7M | $6M | $11M | $19M | |
| Current Assets | $303M | $269M | $265M | $249M | $249M | $220M | $184M | $181M | $184M | $171M | |
| PP&E (Net) | $37M | $45M | $38M | $46M | $54M | $63M | $61M | $48M | $45M | $36M | |
| PP&E (Gross) | $121M | $119M | $109M | $107M | $107M | $108M | $101M | $79M | $72M | $60M | |
| Accum. Depreciation | $84M | $74M | $71M | $62M | $53M | $45M | $39M | $31M | $28M | $24M | |
| Goodwill | $95M | $94M | $94M | $93M | $89M | $89M | $89M | $88M | $89M | $75M | |
| Intangibles | $6M | $7M | $7M | $9M | $4M | $5M | $6M | $8M | $9M | $3M | |
| Other Non-current Assets | $4M | $9M | $2M | $2M | $1M | $3M | $4M | $2M | $3M | $1M | |
| Total Assets | $629M | $571M | $553M | $551M | $555M | $559M | $533M | $371M | $362M | $324M | |
| Accounts Payable | $30M | $28M | $29M | $28M | $24M | $19M | $26M | $22M | $18M | $14M | |
| Accrued Liabilities | $223M | $181M | $171M | $156M | $156M | $136M | $121M | $108M | $95M | $75M | |
| Current Liabilities | $330M | $251M | $236M | $217M | $213M | $200M | $171M | $142M | $122M | $94M | |
| Capital Leases | $76M | $85M | $92M | $106M | $124M | $139M | $147M | · | · | · | |
| Deferred Tax | $725.0K | $1M | $1M | $953.0K | $1M | $725.0K | $504.0K | $302.0K | $365.0K | $122.0K | |
| Common Stock | $2M | $2M | $0 | $2M | $0 | $503.0K | $9M | $23M | $47M | $54M | |
| Retained Earnings | $221M | $225M | $224M | $224M | $216M | $217M | $200M | $186M | $169M | $167M | |
| AOCI | $-10M | $-15M | $-12M | $-15M | $-10M | $-8M | $-12M | $-13M | $-10M | $-14M | |
| Stockholders' Equity | $214M | $212M | $212M | $211M | $206M | $209M | $198M | $196M | $207M | $208M | |
| Liabilities + Equity | $629M | $571M | $553M | $551M | $555M | $559M | $533M | $371M | $362M | $324M | |
| Shares Outstanding | 6,547,407 | 6,768,575 | 6,934,265 | 7,149,884 | 7,362,703 | 7,693,497 | 7,814,797 | 8,010,480 | 8,297,172 | 8,333,990 |
Cash Flow 16
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $14M | $12M | $12M | $12M | $13M | $13M | $11M | $10M | $9M | $8M | |
| Stock-based Comp | $6M | $5M | $4M | $5M | $4M | $3M | $3M | $5M | $7M | $7M | |
| Deferred Tax | $-2M | $-3M | $-5M | $189.0K | $446.0K | $1M | $-1M | $-829.0K | $2M | $8M | |
| Amort. of Intangibles | $2M | $2M | $1M | $1M | $900.0K | $1M | $1M | $1M | $2M | $900.0K | |
| Other Non-cash | $-51M | $-11M | $10M | $-35M | $17M | $13M | $-6M | $-235.0K | $21M | $11M | |
| Operating Cash Flow | $22M | $50M | $60M | $25M | $76M | $55M | $28M | $36M | $46M | $48M | |
| CapEx | $4M | $17M | $2M | $4M | $3M | $17M | $17M | $15M | $10M | $13M | |
| Investing Cash Flow | $-4M | $-18M | $-3M | $-18M | $-3M | $-17M | $-17M | $-15M | $-26M | $-12M | |
| Stock Repurchased | $47M | $33M | $31M | $28M | $45M | $13M | $18M | $28M | $20M | $19M | |
| Net Stock Activity | $-47M | $-33M | $-31M | $-28M | $-45M | $-13M | $-18M | $-28M | $-20M | $-19M | |
| Dividends Paid | $14M | $12M | $11M | $10M | $8M | $8M | $7M | $6M | $5M | $1M | |
| Financing Cash Flow | $-30M | $-49M | $-44M | $-39M | $-52M | $-20M | $-24M | $-36M | $-22M | $-19M | |
| Net Change in Cash | $-9M | $-19M | $14M | $-35M | $20M | $20M | $-12M | $-16M | $505.0K | $15M | |
| Taxes Paid | · | $21M | $14M | $16M | $15M | $7M | $8M | $5M | $7M | $6M | |
| Free Cash Flow | $19M | $33M | $58M | $21M | $73M | $38M | $11M | $21M | $36M | $35M | |
| Levered FCF | · | · | $55M | $20M | $72M | $37M | $10M | $20M | $36M | $35M |
Profitability 7
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Margin | 11.1% | 10.3% | 9.2% | 9.9% | 9.8% | 6.8% | 6.5% | 6.9% | · | · | |
| Net Margin | 7.3% | 6.8% | 6.2% | 7.4% | 7.4% | 4.8% | 4.6% | 5.4% | · | · | |
| Pretax Margin | 10.2% | 9.6% | 8.4% | 10.0% | 9.6% | 6.6% | 5.9% | 6.9% | · | · | |
| EBITDA Margin | 12.9% | 12.0% | 11.1% | 12.0% | 12.1% | 9.4% | 8.8% | 9.3% | · | · | |
| ROA | 9.1% | 8.3% | 7.0% | 7.9% | 7.5% | 4.5% | 4.6% | 6.1% | 2.2% | 4.5% | |
| ROE | 26.7% | 22.4% | 18.3% | 21.2% | 20.3% | 11.9% | 10.6% | 11.3% | 3.7% | 6.8% | |
| ROIC | 27.8% | 23.5% | 20.0% | 20.6% | 20.8% | 12.1% | 11.5% | 11.4% | 3.9% | 5.9% |
Liquidity & Solvency 3
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.9 | 1.1 | 1.1 | 1.1 | 1.2 | 1.1 | 1.1 | 1.3 | 1.5 | 1.8 | |
| Quick Ratio | 0.6 | 0.8 | 0.8 | 0.8 | 0.9 | 0.8 | 0.8 | 0.9 | 1.1 | 1.3 | |
| Interest Coverage | · | · | 15.1 | 32.2 | 57.5 | 28.6 | 23.4 | 44.7 | 32.6 | 40.3 |
Efficiency 2
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 1.3 | 1.2 | 1.1 | 1.1 | 1.0 | 0.9 | 1.0 | 1.1 | · | · | |
| Receivables Turnover | 4.3 | 4.5 | 4.4 | 4.5 | 5.0 | 4.6 | 4.5 | 4.8 | · | · |
Growth Rates 10
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue YoY | 9.3% | 10.2% | 5.6% | 4.4% | 11.3% | · | · | · | · | · | |
| Revenue CAGR 3Y | 8.3% | 6.7% | 7.1% | · | · | · | · | · | · | · | |
| Revenue CAGR 5Y | 8.1% | · | · | · | · | · | · | · | · | · | |
| EPS YoY | 20.8% | 25.1% | -8.8% | 8.4% | 77.5% | · | · | · | · | · | |
| EPS CAGR 3Y | 11.3% | 7.3% | 20.6% | · | · | · | · | · | · | · | |
| EPS CAGR 5Y | 21.5% | · | · | · | · | · | · | · | · | · | |
| Net Income YoY | 17.4% | 21.2% | -11.8% | 4.7% | 70.1% | · | · | · | · | · | |
| Net Income CAGR 3Y | 7.9% | 3.8% | 16.2% | · | · | · | · | · | · | · | |
| Net Income CAGR 5Y | 17.4% | · | · | · | · | · | · | · | · | · | |
| Dividend CAGR 5Y | 13.0% | · | · | · | · | · | · | · | · | · |
Valuation (TTM) 13
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $752M | $687M | $624M | $591M | $566M | $508M | $451M | $418M | $370M | $325M | |
| Net Income TTM | $55M | $47M | $38M | $44M | $42M | $25M | $21M | $22M | $8M | $13M | |
| Market Cap | $1.31B | $1.26B | $685M | $875M | $687M | $392M | $419M | $328M | $373M | $305M | |
| P/E | 24.6 | 27.7 | 18.3 | 20.7 | 17.1 | 16.6 | · | · | · | · | |
| P/S | 1.7 | 1.8 | 1.1 | 1.5 | 1.2 | 0.8 | 0.9 | 0.8 | 1.0 | 0.9 | |
| P/B | 6.1 | 6.0 | 3.2 | 4.1 | 3.3 | 1.9 | 2.1 | 1.7 | 1.8 | 1.5 | |
| P / Tangible Book | 11.6 | 11.4 | 6.2 | 8.0 | 6.1 | 3.4 | · | · | · | · | |
| P / Cash Flow | 58.5 | 25.4 | 11.4 | 34.8 | 9.1 | 7.2 | 15.0 | 9.1 | 8.1 | 6.3 | |
| P / FCF | 70.8 | 38.2 | 11.9 | 41.1 | 9.4 | 10.4 | 37.6 | 15.8 | 10.3 | 8.7 | |
| Dividend Yield | 1.1% | 0.97% | 1.6% | 1.1% | 1.2% | 1.9% | 1.6% | 1.8% | 1.3% | 0.38% | |
| Earnings Yield | 4.1% | 3.6% | 5.5% | 4.8% | 5.8% | 6.0% | · | · | · | · | |
| Payout Ratio | 25.2% | 26.4% | 28.1% | 22.0% | 19.9% | 30.2% | 31.5% | 1.1% | 1.6% | 8.2% | |
| Annual Payout | $14M | $12M | $11M | $10M | $8M | $8M | $7M | $6M | $5M | $1M |
Income Statement 10
| Metric | Trend | Q2 2027 | Q1 2027 | Q4 2025 | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q4 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $211M | $201M | $241M | $186M | $187M | $182M | $176M | $168M | $171M | $172M | $162M | $148M | $153M | $147M | |
| SG&A Expense | $35M | $35M | $41M | $34M | $35M | $33M | $31M | $31M | $32M | $30M | $29M | $28M | $28M | $33M | |
| Operating Income | $24M | $18M | $34M | $17M | $20M | $26M | $21M | $18M | $11M | $20M | $17M | $11M | $14M | $14M | |
| Interest Expense | $3M | $1M | · | $2M | $2M | $429.0K | · | $1M | $1M | $464.0K | · | $1M | $571.0K | · | |
| Pretax Income | $20M | $17M | $32M | $16M | $17M | $25M | $22M | $16M | $10M | $19M | $16M | $11M | $13M | $13M | |
| Income Tax | $7M | $6M | $9M | $5M | $5M | $7M | $7M | $5M | $3M | $5M | $4M | $2M | $4M | $3M | |
| Net Income | $14M | $11M | $23M | $11M | $12M | $18M | $15M | $11M | $7M | $14M | $11M | $9M | $9M | $10M | |
| Shares (Basic) | 6,348,000 | 6,512,000 | -13,879,000 | 6,556,000 | 6,694,000 | 6,775,000 | -13,699,000 | 6,760,000 | 6,834,000 | 6,926,000 | -18,000 | 6,977,000 | 7,119,000 | -15,031,000 | |
| Shares (Diluted) | 6,407,000 | 6,588,000 | -14,051,000 | 6,621,000 | 6,753,000 | 6,862,000 | -13,857,000 | 6,843,000 | 6,911,000 | 7,011,000 | -20,000 | 7,083,000 | 7,252,000 | -15,359,000 | |
| EBITDA | $24M | $21M | · | $17M | $20M | $29M | · | $18M | $11M | $22M | · | $11M | $17M | · |
Balance Sheet 22
| Metric | Trend | Q2 2027 | Q1 2027 | Q4 2025 | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q4 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $21M | $32M | $18M | $22M | $19M | $26M | $27M | $24M | $25M | $37M | · | $28M | $36M | · | |
| Receivables | $168M | $141M | $183M | $152M | $160M | $140M | $162M | $152M | $140M | $139M | $143M | $125M | $127M | $144M | |
| Prepaid Expense | $24M | $25M | $19M | $19M | $21M | $18M | $17M | $18M | $16M | $14M | · | $17M | $12M | · | |
| Current Assets | $339M | $316M | $303M | $306M | $293M | $278M | $269M | $286M | $271M | $275M | · | $249M | $258M | · | |
| PP&E (Net) | $35M | $36M | $37M | $39M | $41M | $43M | $45M | $38M | $37M | $37M | · | $40M | $44M | · | |
| PP&E (Gross) | · | · | $121M | · | · | · | $119M | · | · | · | · | · | · | · | |
| Accum. Depreciation | · | · | $84M | · | · | · | $74M | · | · | · | · | · | · | · | |
| Goodwill | $95M | $94M | $95M | $95M | $95M | $94M | $94M | $95M | $94M | $94M | $94M | $93M | $94M | $93M | |
| Intangibles | $5M | $5M | $6M | $6M | $6M | $7M | $7M | $8M | $8M | $7M | · | $8M | $8M | · | |
| Other Non-current Assets | $1M | $3M | $4M | $6M | $6M | $8M | $9M | $7M | $2M | $2M | · | $3M | $2M | · | |
| Total Assets | $678M | $662M | $629M | $629M | $607M | $590M | $571M | $582M | $546M | $553M | · | $539M | $562M | · | |
| Accounts Payable | $25M | $24M | $30M | $26M | $25M | $20M | $28M | $28M | $23M | $33M | · | $25M | $23M | · | |
| Accrued Liabilities | $139M | $132M | $223M | $183M | $140M | $134M | $181M | $146M | $113M | $106M | · | $138M | $104M | · | |
| Current Liabilities | $415M | $381M | $330M | $339M | $317M | $271M | $251M | $268M | $253M | $237M | · | $224M | $254M | · | |
| Capital Leases | $67M | $71M | $76M | $81M | $85M | $81M | $85M | $89M | $84M | $89M | · | $95M | $102M | · | |
| Deferred Tax | $915.0K | $712.0K | $725.0K | $1M | $1M | $1M | $1M | $1M | $1M | $1M | · | $966.0K | $978.0K | · | |
| Common Stock | $426.0K | $0 | $2M | $541.0K | $0 | $599.0K | $2M | $1M | $0 | $0 | · | $1M | $0 | · | |
| Retained Earnings | $192M | $209M | $221M | $212M | $206M | $240M | $225M | $214M | $205M | $225M | · | $221M | $211M | · | |
| AOCI | $-11M | $-11M | $-10M | $-11M | $-9M | $-13M | $-15M | $-11M | $-14M | $-13M | · | $-15M | $-14M | · | |
| Stockholders' Equity | $182M | $198M | $214M | $202M | $197M | $227M | $212M | $205M | $192M | $212M | $212M | $208M | $197M | $211M | |
| Liabilities + Equity | $678M | $662M | $629M | $629M | $607M | $590M | $571M | $582M | $546M | $553M | · | $539M | $562M | · | |
| Shares Outstanding | 6,256,322 | 6,444,116 | 6,547,407 | 6,547,188 | 6,561,563 | 6,789,893 | 6,768,575 | 6,761,582 | 6,752,604 | 6,889,298 | 6,934,265 | 6,978,941 | 6,997,933 | 7,149,884 |
Cash Flow 15
| Metric | Trend | Q2 2027 | Q1 2027 | Q4 2025 | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q4 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $3M | $3M | $6M | $3M | $4M | $3M | $3M | $3M | $3M | $3M | $3M | $3M | $3M | $3M | |
| Stock-based Comp | $2M | $1M | $2M | $2M | $962.0K | $1M | $2M | $1M | $1M | $1M | $1M | $926.0K | $940.0K | $1M | |
| Deferred Tax | $2M | $1M | $-2M | $-400.0K | $665.0K | $-1M | $-3M | $520.0K | $55.0K | $-157.0K | $-3M | $-1M | $-236.0K | $346.0K | |
| Other Non-cash | · | $-131M | · | · | · | $-102M | · | · | · | $-80M | · | · | $-83M | · | |
| Operating Cash Flow | $-4M | $-114M | $52M | $37M | $6M | $-80M | $79M | $32M | $2M | $-63M | $60M | $65M | $-70M | $60M | |
| CapEx | $2M | $3M | $-2M | $650.0K | $1M | $974.0K | $11M | $3M | $2M | $730.0K | $358.0K | $726.0K | $562.0K | $814.0K | |
| Investing Cash Flow | $-2M | $-3M | $4M | $-650.0K | $-1M | $-974.0K | $-11M | $-3M | $-4M | $-730.0K | $-358.0K | $-733.0K | $-1M | $-5M | |
| Stock Repurchased | $28M | $21M | $14M | $4M | $43M | $0 | $0 | $0 | $24M | $9M | $8M | $0 | $21M | $0 | |
| Net Stock Activity | · | $-21M | · | · | · | $0 | · | · | · | $-9M | · | · | $-21M | · | |
| Dividends Paid | $4M | $4M | $5M | $3M | $3M | $3M | $3M | $3M | $3M | $3M | $3M | $3M | $3M | $3M | |
| Financing Cash Flow | $-5M | $131M | $-46M | $-32M | $-12M | $79M | $-65M | $-30M | $-10M | $56M | $-43M | $-51M | $75M | $-48M | |
| Net Change in Cash | $-11M | $14M | $13M | $3M | $-6M | $-1M | $2M | $-168.0K | $-12M | $-8M | $18M | $13M | $4M | $7M | |
| Taxes Paid | $8M | $2M | · | $6M | $12M | $3M | · | $4M | $11M | $2M | · | $4M | $1M | $4M | |
| Free Cash Flow | · | $-117M | · | · | · | $-81M | · | · | · | $-64M | · | · | $-71M | · | |
| Levered FCF | · | $-117M | · | · | · | $-81M | · | · | · | $-64M | · | · | $-71M | · |
Profitability 7
| Metric | Trend | Q2 2027 | Q1 2027 | Q4 2025 | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q4 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Margin | 11.2% | 9.0% | · | 9.3% | 10.6% | 14.1% | · | 11.0% | 6.6% | 11.4% | · | 7.3% | 9.0% | · | |
| Net Margin | 6.4% | 5.5% | · | 6.2% | 6.5% | 9.9% | · | 6.8% | 3.8% | 8.0% | · | 5.8% | 5.8% | · | |
| Pretax Margin | 9.5% | 8.7% | · | 8.7% | 9.2% | 13.6% | · | 9.6% | 5.6% | 11.1% | · | 7.1% | 8.2% | · | |
| EBITDA Margin | 11.2% | 10.7% | · | 9.3% | 10.6% | 15.9% | · | 11.0% | 6.6% | 13.1% | · | 7.3% | 10.9% | · | |
| ROA | 2.1% | 1.8% | · | 1.9% | 2.1% | 3.1% | · | 2.0% | 1.2% | 2.5% | · | 1.6% | · | · | |
| ROE | 7.1% | 5.2% | · | 5.7% | 6.2% | 8.2% | · | 5.5% | 3.3% | 6.7% | · | 4.2% | · | · | |
| ROIC | 8.7% | 5.8% | · | 6.0% | 7.1% | 8.2% | · | 6.4% | 4.0% | 6.7% | · | 4.2% | · | · |
Liquidity & Solvency 3
| Metric | Trend | Q2 2027 | Q1 2027 | Q4 2025 | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q4 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.8 | 0.8 | · | 0.9 | 0.9 | 1.0 | · | 1.1 | 1.1 | 1.2 | · | 1.1 | · | · | |
| Quick Ratio | 0.5 | 0.5 | · | 0.5 | 0.6 | 0.6 | · | 0.7 | 0.7 | 0.7 | · | 0.7 | · | · | |
| Interest Coverage | 8.0 | 17.8 | · | 9.8 | 11.0 | 59.6 | · | 12.6 | 7.6 | 42.3 | · | 10.5 | 24.0 | · |
Efficiency 2
| Metric | Trend | Q2 2027 | Q1 2027 | Q4 2025 | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q4 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.3 | 0.3 | · | 0.3 | 0.3 | 0.3 | · | 0.3 | 0.3 | 0.3 | · | 0.3 | · | · | |
| Receivables Turnover | 1.3 | 1.4 | · | 1.2 | 1.2 | 1.3 | · | 1.2 | 1.2 | 1.3 | · | 1.1 | · | · |
Valuation (TTM) 9
| Metric | Trend | Q2 2027 | Q1 2027 | Q4 2025 | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q4 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $785M | $756M | · | $722M | $708M | $693M | · | $659M | $653M | $634M | · | $611M | $599M | · | |
| Net Income TTM | $48M | $53M | · | $53M | $48M | $50M | · | $40M | $38M | $41M | · | $39M | $44M | · | |
| Market Cap | $918M | $1.06B | · | $1.34B | $1.23B | $1.18B | · | $1.14B | $1.16B | $1.03B | · | $703M | · | · | |
| P/S | 1.2 | 1.4 | · | 1.9 | 1.7 | 1.7 | · | 1.7 | 1.8 | 1.6 | · | 1.2 | · | · | |
| P/B | 5.1 | 5.4 | · | 6.7 | 6.2 | 5.2 | · | 5.6 | 6.1 | 4.9 | · | 3.4 | · | · | |
| P / Tangible Book | 11.2 | 10.8 | · | 13.3 | 12.8 | 9.3 | · | 11.1 | 12.9 | 9.3 | · | 6.6 | · | · | |
| P / Cash Flow | · | -9.3 | · | · | · | -14.7 | · | · | · | -16.3 | · | · | · | · | |
| P / FCF | · | -9.1 | · | · | · | -14.5 | · | · | · | -16.1 | · | · | · | · | |
| Payout Ratio | · | 34.2% | · | · | · | 19.4% | · | · | · | 22.5% | · | · | 30.3% | · |
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
Income Statement
| 2026-01-03 | 2024-12-28 | 2023-12-30 | 2022-12-31 | 2022-01-01 | |
|---|---|---|---|---|---|
| Revenue | $752M | $687M | $624M | $591M | $566M |
| Operating Margin % | 11.1% | 10.3% | 9.2% | 9.9% | 9.8% |
| Net Income | $55M | $47M | $38M | $44M | $42M |
| Diluted EPS | $8.14 | $6.74 | $5.39 | $5.91 | $5.45 |
Balance Sheet
| 2026-01-03 | 2024-12-28 | 2023-12-30 | 2022-12-31 | 2022-01-01 | |
|---|---|---|---|---|---|
| Current Ratio | 0.9 | 1.1 | 1.1 | 1.1 | 1.2 |
| Quick Ratio | 0.6 | 0.8 | 0.8 | 0.8 | 0.9 |
Cash Flow
| 2026-01-03 | 2024-12-28 | 2023-12-30 | 2022-12-31 | 2022-01-01 | |
|---|---|---|---|---|---|
| Free Cash Flow | $19M | $33M | $58M | $21M | $73M |
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Institutional owners (13F) 229 filers · $578.2M 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 |
|---|---|---|---|---|
| 42 (+4 vs prior Q) | 32 (0 vs prior Q) | 81 (0 vs prior Q) | 55 (-5 vs prior Q) | -195K |
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 CAPITAL MANAGEMENT LLC | $39,451,537 | 277,242 | 6.82% | Shares |
| FMR LLC | $38,820,863 | 272,810 | 6.71% | Shares |
| TWO SIGMA INVESTMENTS, LP | $37,236,922 | 261,679 | 6.44% | Shares |
| NEEDHAM INVESTMENT MANAGEMENT LLC | $30,666,504 | 215,506 | 5.30% | Shares |
| TWO SIGMA ADVISERS, LP | $26,871,254 | 133,891 | 4.65% | Shares |
| DIMENSIONAL FUND ADVISORS LP | $26,190,809 | 184,053 | 4.53% | Shares |
| RENAISSANCE TECHNOLOGIES LLC | $25,866,582 | 181,775 | 4.47% | Shares |
| Point72 Asset Management, L.P. | $25,637,053 | 180,162 | 4.43% | Shares |
| STATE STREET CORP | $20,978,151 | 147,422 | 3.63% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $20,320,372 | 142,765 | 3.51% | Shares |
| Qube Research & Technologies Ltd | $14,091,115 | 99,024 | 2.44% | Shares |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $12,136,909 | 85,291 | 2.10% | Shares |
| Trexquant Investment LP | $11,975,257 | 84,155 | 2.07% | Shares |
| RICE HALL JAMES & ASSOCIATES, LLC | $11,065,533 | 77,762 | 1.91% | Shares |
| WELLINGTON MANAGEMENT GROUP LLP | $9,956,731 | 69,970 | 1.72% | Shares |
| BNP PARIBAS FINANCIAL MARKETS | $9,299,020 | 65,348 | 1.61% | Shares |
| MILLENNIUM MANAGEMENT LLC | $8,728,682 | 61,340 | 1.51% | Shares |
| NORGES BANK | $8,566,460 | 60,200 | 1.48% | Shares |
| Bridge City Capital, LLC | $7,657,163 | 53,810 | 1.32% | Shares |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $7,639,376 | 53,685 | 1.32% | Shares |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC | $6,833,388 | 48,021 | 1.18% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $6,551,207 | 46,038 | 1.13% | Shares |
| ProShare Advisors LLC | $6,541,532 | 45,970 | 1.13% | Shares |
| Pembroke Management, LTD | $6,088,590 | 42,787 | 1.05% | Shares |
| XTX Topco Ltd | $6,052,446 | 42,533 | 1.05% | Shares |
| UNITED CAPITAL FINANCIAL ADVISORS, LLC | $5,959,368 | 41,879 | 1.03% | Shares |
| ENVESTNET ASSET MANAGEMENT INC | $5,758,954 | 40,471 | 1.00% | Shares |
| WEBER CAPITAL MANAGEMENT LLC /ADV | $5,351,334 | 37,606 | 0.93% | Shares |
| FIRST TRUST ADVISORS LP | $5,337,388 | 37,508 | 0.92% | Shares |
| ExodusPoint Capital Management, LP | $4,727,206 | 33,220 | 0.82% | Shares |
| Foundry Partners, LLC | $4,684,714 | 27,048 | 0.81% | Shares |
| PDT Partners, LLC | $4,660,467 | 32,751 | 0.81% | Shares |
| Boston Partners | $4,531,690 | 31,846 | 0.78% | Shares |
| BlackRock, Inc. | $4,121,862 | 28,966 | 0.71% | Shares |
| Bank of New York Mellon Corp | $3,741,067 | 26,290 | 0.65% | Shares |
| JANE STREET GROUP, LLC | $3,655,545 | 25,689 | 0.63% | Shares |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND | $3,626,231 | 25,483 | 0.63% | Shares |
| SUSQUEHANNA FUNDAMENTAL INVESTMENTS, LLC | $3,580,410 | 25,161 | 0.62% | Shares |
| GOLDMAN SACHS GROUP INC | $3,579,272 | 25,153 | 0.62% | Shares |
| Linden Thomas Advisory Services, LLC | $3,302,356 | 23,207 | 0.57% | Shares |
| TUDOR INVESTMENT CORP ET AL | $3,294,103 | 23,149 | 0.57% | Shares |
| THIRD AVENUE MANAGEMENT LLC | $2,962,544 | 20,819 | 0.51% | Shares |
| ISTHMUS PARTNERS, LLC | $2,905,055 | 20,415 | 0.50% | Shares |
| Jump Financial, LLC | $2,874,460 | 20,200 | 0.50% | Shares |
| CHATHAM CAPITAL GROUP, INC. | $2,453,252 | 17,240 | 0.42% | Shares |
| Mendel Money Management | $2,425,423 | 17,042 | 0.42% | Shares |
| AMERICAN CENTURY COMPANIES INC | $2,393,486 | 16,820 | 0.41% | Shares |
| BANK OF AMERICA CORP /DE/ | $2,389,217 | 16,790 | 0.41% | Shares |
| Man Group plc | $2,362,322 | 16,601 | 0.41% | Shares |
| RAYMOND JAMES FINANCIAL INC | $2,107,933 | 14,813 | 0.36% | Shares |
| HTG Investment Advisors, Inc. | $1,936,561 | 13,609 | 0.33% | Shares |
| Swiss National Bank | $1,778,750 | 12,500 | 0.31% | Shares |
| NEW YORK STATE COMMON RETIREMENT FUND | $1,742,179 | 12,243 | 0.30% | Shares |
| CITADEL ADVISORS LLC | $1,720,122 | 12,088 | 0.30% | Shares |
| CAPITAL FUND MANAGEMENT S.A. | $1,628,908 | 11,447 | 0.28% | Shares |
| CITIGROUP INC | $1,497,565 | 10,524 | 0.26% | Shares |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | $1,487,192 | 9,187 | 0.26% | Shares |
| D. E. Shaw & Co., Inc. | $1,425,277 | 10,016 | 0.25% | Shares |
| Pacific Ridge Capital Partners, LLC | $1,403,363 | 9,862 | 0.24% | Shares |
| Quantinno Capital Management LP | $1,387,288 | 9,749 | 0.24% | Shares |
| World Investment Advisors | $1,376,952 | 8,506 | 0.24% | Shares |
| RHUMBLINE ADVISERS | $1,355,542 | 9,526 | 0.23% | Shares |
| Cubist Systematic Strategies, LLC | $1,310,201 | 6,283 | 0.23% | Shares |
| ALLIANCEBERNSTEIN L.P. | $1,263,797 | 7,807 | 0.22% | Shares |
| Squarepoint Ops LLC | $1,229,330 | 8,639 | 0.21% | Shares |
| Y-Intercept (Hong Kong) Ltd | $1,178,529 | 8,282 | 0.20% | Shares |
| Voleon Capital Management LP | $1,161,453 | 8,162 | 0.20% | Shares |
| HSBC HOLDINGS PLC | $1,028,887 | 7,334 | 0.18% | Shares |
| VICTORY CAPITAL MANAGEMENT INC | $996,100 | 7,000 | 0.17% | Shares |
| KENNEDY CAPITAL MANAGEMENT LLC | $937,472 | 6,588 | 0.16% | Shares |
| Diametric Capital, LP | $921,107 | 6,473 | 0.16% | Shares |
| Corient Private Wealth LP | $890,372 | 6,257 | 0.15% | Shares |
| Allianz Asset Management GmbH | $856,669 | 5,292 | 0.15% | Shares |
| WELLS FARGO & COMPANY/MN | $824,344 | 5,793 | 0.14% | Shares |
| EntryPoint Capital, LLC | $813,529 | 5,717 | 0.14% | Shares |
| NORDEA INVESTMENT MANAGEMENT AB | $780,800 | 5,447 | 0.14% | Shares |
| BARCLAYS PLC | $701,254 | 4,928 | 0.12% | Shares |
| Entropy Technologies, LP | $654,580 | 4,600 | 0.11% | Shares |
| Aquatic Capital Management LLC | $593,676 | 4,172 | 0.10% | Shares |
| VANGUARD ASSET MANAGEMENT, Ltd | $592,680 | 4,165 | 0.10% | Shares |
| Freestone Grove Partners LP | $589,976 | 4,146 | 0.10% | Shares |
| ALGERT GLOBAL LLC | $572,046 | 4,020 | 0.10% | Shares |
| AlphaQuest LLC | $567,967 | 2,830 | 0.10% | Shares |
| MetLife Investment Management, LLC | $547,570 | 3,848 | 0.09% | Shares |
| MORGAN STANLEY | $535,154 | 3,760 | 0.09% | Shares |
| Haven Private, LLC | $533,768 | 3,751 | 0.09% | Shares |
| IEQ CAPITAL, LLC | $530,779 | 3,730 | 0.09% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $526,510 | 3,700 | 0.09% | Put option |
| MARSHALL WACE, LLP | $519,537 | 3,651 | 0.09% | Shares |
| Dynamic Technology Lab Private Ltd | $517,000 | 3,636 | 0.09% | Shares |
| Inspire Investing, LLC | $516,883 | 3,193 | 0.09% | Shares |
| VANGUARD GROUP INC | $512,976 | 2,556 | 0.09% | Shares |
| LAZARD ASSET MANAGEMENT LLC | $497,623 | 3,497 | 0.09% | Shares |
| JAMES INVESTMENT RESEARCH, INC. | $490,935 | 3,450 | 0.08% | Shares |
| Mariner, LLC | $485,722 | 3,413 | 0.08% | Shares |
| CenterBook Partners LP | $484,532 | 3,405 | 0.08% | Shares |
| Brevan Howard Capital Management LP | $484,532 | 3,405 | 0.08% | Shares |
| JANUS HENDERSON GROUP PLC | $483,956 | 2,986 | 0.08% | Shares |
| H D Vest Advisory Services | $480,812 | 2,566 | 0.08% | Shares |
| Balyasny Asset Management L.P. | $473,005 | 3,324 | 0.08% | Shares |
Company insiders 35 insiders · 13 officers · 22 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Paul A Maleh | PRESIDENT AND CEO | June 12, 2026 A | 111,050 | 0 | 17 | $-3,564,801 |
| James C Burrows | President and CEO | May 7, 2009 F | 194,087 | 0 | 0 | $0 |
| Daniel K. Mahoney | EVP, CFO and Treasurer | June 10, 2022 A | 5,020 | 0 | 0 | $0 |
| Wayne D Mackie | EVP, CFO and Treasurer | Nov. 8, 2014 M | 16,579 | 0 | 0 | $0 |
| Phillip J Cooper | Exec VP, CFO and Treasurer | March 25, 2005 A | — | 0 | 0 | $0 |
| Monica G Noether | EVP, Chief Operating Officer | Nov. 14, 2012 M | 44,775 | 0 | 0 | $0 |
| Jonathan D Yellin | EVP AND GENERAL COUNSEL | June 12, 2026 A | 16,886 | 0 | 0 | $0 |
| Chad M Holmes | EVP AND CHIEF CORP DEV OFFICER | June 12, 2026 A | 31,640 | 0 | 0 | $0 |
| Arnold J Lowenstein | EVP, Chief Strategy Officer | March 17, 2017 A | 29,464 | 0 | 0 | $0 |
| Gregory K Bell | EVP, Platform Leader | Feb. 24, 2009 A | 56,019 | 0 | 0 | $0 |
| Frederick T Baird | EVP, Chief Corp. Dev. Officer | May 1, 2008 F | 11,758 | 0 | 0 | $0 |
| Christopher C Maxwell | Executive Vice President | Aug. 1, 2006 M | 13,373 | 0 | 0 | $0 |
| Robert J Larner | Executive Vice President | April 21, 2006 A | 11,943 | 0 | 0 | $0 |
| Heather Tookes | Director | July 23, 2026 S | 3,718 | 0 | 2 | $-36,089 |
| Alva Taylor | Director | July 16, 2026 A | 4,372 | 0 | 0 | $0 |
| Karen C Keenan | Director | July 16, 2026 A | 3,389 | 0 | 0 | $0 |
| Thomas Aiken Avery | Director | July 16, 2026 A | 15,328 | 0 | 0 | $0 |
| Richard Douglas Booth | Director | July 16, 2026 A | 9,924 | 0 | 0 | $0 |
| Christine Rose Detrick | Director | July 16, 2026 A | 7,128 | 0 | 0 | $0 |
| William F Concannon | Director | Dec. 2, 2021 G | 21,880 | 0 | 0 | $0 |
| Robert W Holthausen | Director | Nov. 19, 2021 S | 10,545 | 0 | 0 | $0 |
| Nancy Hawthorne | Director | Sept. 27, 2021 S | 6,364 | 0 | 0 | $0 |
| Rowland Moriarty | Director | July 10, 2019 A | 31,809 | 0 | 0 | $0 |
| Robert A Whitman | Director | July 10, 2019 A | 7,454 | 0 | 0 | $0 |
| William T Schleyer | Director | July 12, 2017 A | 33,110 | 0 | 0 | $0 |
| Thomas S Robertson | Director | July 22, 2015 A | 23,681 | 0 | 0 | $0 |
| Nancy L Rose | Director | July 30, 2014 D | 22,971 | 0 | 0 | $0 |
| Ronald T Maheu | Director | July 22, 2014 A | 26,120 | 0 | 0 | $0 |
| Basil Anderson | Director | April 16, 2009 A | 9,593 | 0 | 0 | $0 |
| Steven C Salop | Director | Jan. 18, 2008 S | 17,071 | 0 | 0 | $0 |
| Carl Shapiro | Director | May 18, 2007 A | 37,924 | 0 | 0 | $0 |
| Franklin M Fisher | Director | Oct. 20, 2006 A | 84,688 | 0 | 0 | $0 |
| Carl Kaysen | Director | Aug. 11, 2003 S | 20,280 | 0 | 0 | $0 |
| Brian Langan | — | Aug. 4, 2026 M | 129 | 0 | 0 | $0 |
| Eric Nierenberg | — | Aug. 4, 2026 M | 129 | 0 | 0 | $0 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
Activists & 5%+ owners 1 position
Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.
| Filer | Filed | Stake | Status | Purpose | Filing |
|---|---|---|---|---|---|
| John H. Lewis, Osmium Partners, LLC, Osmium Capital, LP, Osmium Capital II, LP, Osmium Spartan, LP, Osmium Diamond, LP ×2 filings | April 20, 2016 | — | Initial filing | Passive investment | SEC |
Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.
ETF ownership Held by 52 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 |
|---|---|---|---|---|
| QIDX · Spinnaker ETF Series | 0.22% | 526 NS | April 30, 2026 | N-PORT |
| FYC · First Trust Exchange-Traded AlphaDE… | 0.22% | 14,429 NS | April 30, 2026 | N-PORT |
| JPSE · J.P. Morgan Exchange-Traded Fund Tr… | 0.18% | 6,675 NS | April 30, 2026 | N-PORT |
| PSC · Principal Exchange-Traded Funds | 0.14% | 22,876 NS | June 30, 2026 | N-PORT |
| EBIT · Harbor ETF Trust | 0.06% | 44 NS | April 30, 2026 | N-PORT |
| AFSM · First Trust Exchange-Traded Fund VI… | 0.06% | 415 NS | May 31, 2026 | N-PORT |
| FYX · First Trust Exchange-Traded AlphaDE… | 0.06% | 4,274 NS | April 30, 2026 | N-PORT |
| AVSC · AMERICAN CENTURY ETF TRUST | 0.05% | 9,356 NS | May 31, 2026 | N-PORT |
| FAD · First Trust Exchange-Traded AlphaDE… | 0.04% | 1,346 NS | April 30, 2026 | N-PORT |
| RSSL · Global X Funds | 0.03% | 2,779 NS | April 30, 2026 | N-PORT |
| DFAS · Dimensional ETF Trust | 0.02% | 21,846 NS | April 30, 2026 | N-PORT |
| ITWO · ProShares Trust | 0.02% | 301 NS | May 31, 2026 | N-PORT |
| GSSC · Goldman Sachs ETF Trust | 0.02% | 1,563 NS | May 31, 2026 | N-PORT |
| SCHA · SCHWAB STRATEGIC TRUST | 0.02% | 31,793 NS | May 31, 2026 | N-PORT |
| AVUQ · AMERICAN CENTURY ETF TRUST | 0.02% | 306 NS | May 31, 2026 | N-PORT |
| JSTC · Tidal Trust I | 0.01% | 352 NS | May 31, 2026 | N-PORT |
| FIDU · FIDELITY COVINGTON TRUST | 0.01% | 1,907 NS | April 30, 2026 | N-PORT |
| UWM · ProShares Trust | 0.01% | 235 NS | May 31, 2026 | N-PORT |
| DXUV · Dimensional ETF Trust | 0.01% | 316 NS | April 30, 2026 | N-PORT |
| DFSU · Dimensional ETF Trust | 0.01% | 1,313 NS | April 30, 2026 | N-PORT |
| SFGV · EA Series Trust | 0.01% | 1,125 NS | May 29, 2026 | N-PORT |
| URTY · ProShares Trust | 0.01% | 238 NS | May 31, 2026 | N-PORT |
| DCOR · Dimensional ETF Trust | 0.01% | 1,733 NS | April 30, 2026 | N-PORT |
| AVSU · AMERICAN CENTURY ETF TRUST | 0.01% | 300 NS | May 31, 2026 | N-PORT |
| EBI · RBB Fund Trust | 0.01% | 319 NS | May 31, 2026 | N-PORT |
| DFAC · Dimensional ETF Trust | 0.01% | 15,718 NS | April 30, 2026 | N-PORT |
| MSSM · MORGAN STANLEY PATHWAY FUNDS | 0.00% | 236 NS | May 31, 2026 | N-PORT |
| AVUS · AMERICAN CENTURY ETF TRUST | 0.00% | 4,116 NS | May 31, 2026 | N-PORT |
| HDG · ProShares Trust | 0.00% | 6 NS | May 31, 2026 | N-PORT |
| DFUV · Dimensional ETF Trust | 0.00% | 3,597 NS | April 30, 2026 | N-PORT |
| DFAU · Dimensional ETF Trust | 0.00% | 1,835 NS | April 30, 2026 | N-PORT |
| DFUS · Dimensional ETF Trust | 0.00% | 2,679 NS | April 30, 2026 | N-PORT |
| SCHB · SCHWAB STRATEGIC TRUST | 0.00% | 3,642 NS | May 31, 2026 | N-PORT |
| VXF · VANGUARD INDEX FUNDS | — | — | July 15, 2026 | Daily |
| VTI · VANGUARD INDEX FUNDS | — | — | July 15, 2026 | Daily |
| VFQY · VANGUARD WELLINGTON FUND | — | — | July 30, 2026 | Daily |
| VTWO · VANGUARD SCOTTSDALE FUNDS | — | — | July 15, 2026 | Daily |
| VTWG · VANGUARD SCOTTSDALE FUNDS | — | — | July 15, 2026 | Daily |
| VTHR · VANGUARD SCOTTSDALE FUNDS | — | — | July 15, 2026 | Daily |
| ITOT · iShares Trust | — | — | July 22, 2026 | Daily |
| IWV · iShares Trust | — | — | Aug. 18, 2026 | Daily |
| IWO · iShares Trust | — | — | Aug. 18, 2026 | Daily |
| IWM · iShares Trust | — | — | Aug. 18, 2026 | Daily |
| IWC · iShares Trust | — | — | Aug. 18, 2026 | Daily |
| PKW · Invesco Exchange-Traded Fund Trust | — | — | Aug. 4, 2026 | Daily |
| PRFZ · Invesco Exchange-Traded Fund Trust | — | — | July 23, 2026 | Daily |
| OMFS · Invesco Exchange-Traded Self-Indexe… | — | — | July 13, 2026 | Daily |
| VIS · VANGUARD WORLD FUND | — | — | July 20, 2026 | Daily |
| ISCB · iShares Trust | — | — | July 20, 2026 | Daily |
| ISCG · iShares Trust | — | — | July 21, 2026 | Daily |