CRS Carpenter Technology Corporation Common Stock
$517.79
Price · Aug 19, 2026
Fundamentals as of Aug 12, 2026
52W Range
$228–$626
73% of range
Analyst Rating
BUY
15 analysts
Price Target
$626
+21% upside
P/E (TTM)
49.2
ROE
25.1%
Net Profit Margin
17.0%
About Carpenter Technology Corporation Common Stock Company overview from Wikipedia
Carpenter Technology Corporation develops, manufactures, and distributes stainless steels and corrosion-resistant nickel, copper and titanium alloys as well as powdered alloys for 3D additive manufacturing. In fiscal year 2018, the company's revenues were derived from the aerospace and defense industry (55%), the industrial and consumer industry (17%), the medical industry (8%), the transportation industry (7%), the energy industry (7%), and the distribution industry (6%). The company's products are used in landing gear, shaft collars, safety wires, electricity generation products, intervertebral disc arthroplasty, and engine valves and weldings.
Read more
Carpenter Technology Corporation develops, manufactures, and distributes stainless steels and corrosion-resistant nickel, copper and titanium alloys as well as powdered alloys for 3D additive manufacturing. In fiscal year 2018, the company's revenues were derived from the aerospace and defense industry (55%), the industrial and consumer industry (17%), the medical industry (8%), the transportation industry (7%), the energy industry (7%), and the distribution industry (6%). The company's products are used in landing gear, shaft collars, safety wires, electricity generation products, intervertebral disc arthroplasty, and engine valves and weldings.
History
The company was founded by James Henry Carpenter and a small group of New York City investors in Reading, Pennsylvania on June 7, 1889, as the Carpenter Steel Company.
In November 1896, the United States Secretary of the Navy referred to the company's armor-piercing projectiles as "the first made that would pierce improved armor plate." The routing of the Spanish fleet in the Battle of Manila Bay during the Spanish–American War of 1898 was credited in part to projectiles made by Carpenter.
In 1903, Carpenter's "special" steels were used in the engine of the Wright brothers' maiden flight.
In 1905, the company developed a prime grade chrome-nickel steel and by 1908 it had created 10 other steels that were used to make automobile chassis. "Old 16", the race car that won the Vanderbilt Cup in 1908, included front and rear axles, crankshaft, gears, and other parts fabricated from Carpenter steel.
In 1917, the company manufactured its first high-strength, chemical-resistant stainless steel, which was immediately used in airplane engine components, cutlery, and spark plugs.
Components of the engine of the "Spirit of St. Louis", Charles Lindbergh's plane that flew across the Atlantic Ocean in May 1927, were made from Carpenter steel. An identical engine had powered Richard E. Byrd's flight to the North Pole in 1926.
In 1928, the company introduced the first free machining steel. It was 0.15% sulfur to make it easier to machine.
In 1929, the Pierce-Arrow Motor Car Company used 24 pounds of stainless steel as trim on each of its cars.
In 1934, during the Great Depression, the company introduced new stainless steels with additives of selenium, tellurium, and chrome and nickel.
During World War II, the company's stainless steel was used in engine parts, steel fasteners, and cockpit instruments for fighter planes and bombers; components of Sherman tanks and submarines; radio masts for PT boats and radio equipment for battle fronts; and medical supplies such as hypodermic needles and surgical implements.
In 1951, the company introduced "Stainless 20," a corrosion-resistant alloy.
Structure
In June 1937, Carpenter Steel Company became a public company via an initial public offering.
Ownership and acquisitions
In 1957, after Northeastern Steel filed bankruptcy, it was acquired by Carpenter.
In 1961, the company acquired NTH Products of El Cajon, California.
In 1968, the company changed its name to Carpenter Technology Corporation to reflect its research and development initiatives.
In 1969, the company acquired Gardner Cryogenics, but sued its former shareholders a year later after finding irregularities. The company was sold a few years later.
In May 1983, the company acquired Eagle Precision Metals of Fryeburg, Maine, a precision drilling facility that produced high quality hollow steel bars.
In 1984, the company acquired a wire-finishing plant, capable of redrawing steel wire to extremely fine sizes from AMAX Specialty Metals of Orangeburg, South Carolina. The plant was closed in 2012.
In January 1997, Carpenter acquired Dynamet, a titanium alloy producer based in Washington, Pennsylvania, for $161 million.
In September 1997, the company acquired Talley Industries for $185 million.
In July 1998, the company sold John J. McMullen Associates and Waterbury Companies.
In October 1998, the company announced a $113.6 million investment to expand its Reading, Pennsylvania melt shop.
In January 2011, the company acquired Amega West Services for $54 million, which expanded its business in the oil and gas drilling market.
In February 2012, the company purchased the former Dana Incorporated industrial site for about $6 million.
Strike
In September 1986, 498 employees of the company participated in a strike action. The strike ended in December 1986.
Patent
In February 1992, the company received a patent for a super-strong Aermet alloy, first used for the landing gear on aircraft carrier-based jet fighters.
In 1993, the company developed 14 alloys for knife blades.
Leadership
In 2006, Carpenter Technology Corporation appointed Anne L. Stevens as their chairman, President and chief executive officer, succeeding Robert J. Torcolini. She became the first female CEO in the company's history.
In June 2015, Tony R. Thene was named president and chief executive officer of the company.
Alloy launches
In October 2009, the company introduced the cobalt-based BioBlu 27 alloy for the jewelry industry.
In December 2009, the company launched the PremoMet alloy for high demand diesel engine components.
In March 2010, the company introduced the ACUBE 100 alloy, a beryllium-free material for bushings and bearings.
Developments
In August 2012, the company announced plans to construct a manufacturing facility in China.
In July 2018, the company announced plans to invest $52 million in a research and development center on its campus in Athens, Alabama.
Controversies
Environmental record
On June 18, 2002, five plaintiffs filed a suit against the company to recover costs that had been paid to the United States Environmental Protection Agency to cleanup the Boarhead Farms Superfund site in Bucks County, Pennsylvania. A settlement of $21,800,000 was reached in 2011.
The company released more than 1.2 million pounds of toxic chemical waste into the Schuylkill River and was the 4th-largest polluter of toxic chemicals in Pennsylvania in 2007; however, it is not clear whether the discharge amounts were within the allowed federal permit limits.
== Gallery ==
Source: Wikipedia, CC BY-SA 4.0 · View on Wikipedia ↗
CRS Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
Price
$517.78
Market Cap
$25.69B
P/E (TTM)
49.2
EPS (TTM)
$10.52
Revenue (TTM)
$3.12B
Div Yield
0.15%
ROE
25.1%
Debt/Equity
0.3
52W Range
$228 – $626
CRS 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
$3.12B
2017-06-30
→
2026-06-30
EPS
$10.52
2017-06-30
→
2026-06-30
Free Cash Flow
$362M
2017-06-30
→
2026-06-30
Margins
17.0%
2017-06-30
→
2026-06-30
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
Metric
5Y trend
CRS
Peer Median
P/E (TTM)
49.2
49.1
P/S (TTM)
8.2
7.2
P/B
11.5
8.4
EV / EBITDA
30.6
—
Price / FCF
70.9
—
Profitability Gross, operating and net margins; ROE, ROA, ROIC
Metric
5Y trend
CRS
Peer Median
Gross Margin
30.6%
35.4%
Operating Margin
22.5%
—
Net Profit Margin
17.0%
12.5%
ROA
14.5%
8.3%
ROE
25.1%
21.3%
ROIC
19.4%
—
Financial Health Debt, liquidity, solvency — balance sheet strength
Metric
5Y trend
CRS
Peer Median
Debt / Equity
0.3
—
Current Ratio
3.8
2.5
Quick Ratio
2.1
—
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
Metric
5Y trend
CRS
Peer Median
Revenue YoY
8.6%
—
Revenue CAGR 3Y
7.0%
—
Revenue CAGR 5Y
16.2%
—
EPS YoY
41.8%
—
Net Income YoY
40.9%
—
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
Metric
5Y trend
CRS
Peer Median
Payout Ratio
7.6%
—
Dividends Yield, payout ratio, dividend history, 5Y CAGR
Dividend Yield
0.15%
Payout Ratio
7.6%
5Y Div CAGR
—
| Ex-date | Amount |
|---|---|
| April 28, 2026 | $0.2000 |
| Jan. 27, 2026 | $0.2000 |
| Oct. 21, 2025 | $0.2000 |
| Aug. 26, 2025 | $0.2000 |
| April 22, 2025 | $0.2000 |
| Jan. 28, 2025 | $0.2000 |
| Oct. 22, 2024 | $0.2000 |
| Aug. 27, 2024 | $0.2000 |
| April 22, 2024 | $0.2000 |
| Jan. 29, 2024 | $0.2000 |
| Oct. 23, 2023 | $0.2000 |
| Aug. 21, 2023 | $0.2000 |
| May 1, 2023 | $0.2000 |
| Jan. 30, 2023 | $0.2000 |
| Oct. 24, 2022 | $0.2000 |
| Aug. 22, 2022 | $0.2000 |
| May 2, 2022 | $0.2000 |
| Jan. 31, 2022 | $0.2000 |
| Oct. 25, 2021 | $0.2000 |
| Aug. 30, 2021 | $0.2000 |
CRS Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
BUY
15 analysts
- Strong Buy 2 13.3%
- Buy 10 66.7%
- Hold 3 20.0%
- Sell 0 0.0%
- Strong Sell 0 0.0%
12-Month Price Target
8 analysts · 2026-08-19
Median
$614.00
← Below all targets
$517.78
Low
$540.00
High
$700.00
Median target
$614.00
+18.6%
Mean target
$625.88
+20.9%
Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
Avg Surprise
0.13%
| Period | EPS Actual | EPS Est | Surprise |
|---|---|---|---|
| June 30, 2026 | $3.23 | $3.11 | 0.12% |
| March 31, 2026 | $2.77 | $2.66 | 0.11% |
| Dec. 31, 2025 | $2.33 | $2.26 | 0.07% |
| Sept. 30, 2025 | $2.43 | $2.19 | 0.24% |
| June 30, 2025 | $2.21 | $2.09 | 0.12% |
| March 31, 2025 | $1.88 | $1.75 | 0.13% |
Peer comparison (GICS sub-industry) Key metrics vs sector peers
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| CRS | $30.60B | 58.6 | 8.6% | 17.0% | 25.1% | 30.6% |
| LHX | $56.89B | 35.7 | 9.8% | — | 8.2% | — |
| AXON | $45.55B | 376.1 | 33.5% | 4.5% | 4.2% | 59.7% |
| RKLB | $37.92B | -188.5 | 38.0% | -32.9% | -16.4% | 34.4% |
| HEI | — | — | — | — | — | — |
| ATI | $15.90B | 41.0 | 5.2% | 8.8% | 22.1% | 21.9% |
| CW | $20.32B | 42.8 | 12.1% | 13.8% | 19.4% | 37.2% |
| ARXS | — | — | — | — | — | — |
| FTAI | — | — | — | — | — | — |
| WWD | — | 35.1 | 7.3% | 12.4% | 18.0% | — |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement 17
| Metric | Trend | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.12B | $2.88B | $2.76B | $2.55B | $1.84B | $1.48B | $2.18B | $2.38B | $2.16B | $1.80B | $1.81B | $2.23B | |
| Cost of Revenue | · | · | · | · | · | · | · | $1.94B | $1.78B | $1.50B | $1.53B | $1.91B | |
| Gross Profit | $956M | $769M | $584M | $337M | $150M | $1M | $329M | $445M | $382M | $301M | $256M | $318M | |
| R&D Expense | $28M | $26M | $26M | $24M | $20M | $20M | $28M | $23M | $19M | $17M | $16M | $19M | |
| SG&A Expense | $254M | $243M | $230M | $204M | $175M | $180M | $201M | $203M | $193M | $176M | $174M | $178M | |
| Operating Income | $702M | $522M | $323M | $133M | $-25M | $-249M | $25M | $241M | $189M | $122M | $52M | $112M | |
| Interest Expense | · | · | · | $54M | $45M | $33M | $20M | $26M | $28M | $30M | $28M | $28M | |
| Interest Income | $9M | $8M | $2M | $600.0K | $100.0K | $0 | $100.0K | $100.0K | $300.0K | $300.0K | $200.0K | $100.0K | |
| Other Non-op | $8M | $-6M | $-60M | $-6M | $13M | $-8M | $600.0K | $600.0K | $-800.0K | $-22M | $-2M | $5M | |
| Pretax Income | $656M | $467M | $212M | $72M | $-63M | $-298M | $6M | $216M | $160M | $70M | $22M | $89M | |
| Income Tax | $126M | $91M | $25M | $16M | $-14M | $-68M | $5M | $49M | $-28M | $23M | $10M | $30M | |
| Net Income | $530M | $376M | $186M | $56M | $-49M | $-230M | $2M | $167M | $188M | $47M | $11M | $59M | |
| EPS (Basic) | $10.59 | $7.50 | $3.75 | $1.15 | $-1.01 | $-4.76 | $0.02 | $3.46 | $3.96 | $0.99 | $0.23 | $1.11 | |
| EPS (Diluted) | $10.52 | $7.42 | $3.70 | $1.14 | $-1.01 | $-4.76 | $0.02 | $3.43 | $3.92 | $0.99 | $0.23 | $1.11 | |
| Shares (Basic) | 50,000,000 | 50,200,000 | 49,700,000 | 48,800,000 | 48,500,000 | 48,300,000 | 48,100,000 | 47,700,000 | 47,200,000 | 47,000,000 | 48,100,000 | 52,600,000 | |
| Shares (Diluted) | 50,400,000 | 50,700,000 | 50,300,000 | 49,200,000 | 48,500,000 | 48,300,000 | 48,200,000 | 48,100,000 | 47,600,000 | 47,100,000 | 48,200,000 | 52,700,000 | |
| EBITDA | $849M | $661M | $458M | $264M | $106M | $-125M | $149M | $363M | $304M | $215M | $171M | $234M |
Balance Sheet 29
| Metric | Trend | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $393M | $316M | $199M | $44M | $154M | $287M | $193M | $27M | $56M | $66M | $82M | $70M | |
| Receivables | $702M | $576M | $563M | $531M | $382M | $309M | $292M | $384M | $378M | $290M | $254M | $304M | |
| Inventory | $823M | $794M | $735M | $640M | $496M | $426M | $724M | $788M | $689M | $690M | $629M | $656M | |
| Other Current Assets | $63M | $80M | $94M | $66M | $87M | $96M | $57M | $37M | $55M | $46M | $46M | $37M | |
| Current Assets | $1.98B | $1.76B | $1.59B | $1.28B | $1.12B | $1.12B | $1.27B | $1.24B | $1.18B | $1.09B | $1.01B | $1.07B | |
| PP&E (Net) | $1.49B | $1.36B | $1.34B | $1.38B | $1.42B | $1.46B | $1.50B | $1.37B | $1.31B | $1.32B | $1.35B | $1.40B | |
| PP&E (Gross) | $3.74B | $3.50B | $3.35B | $3.30B | $3.22B | $3.15B | $3.13B | $2.88B | $2.75B | $2.67B | $2.61B | $2.60B | |
| Accum. Depreciation | $2.26B | $2.14B | $2.02B | $1.92B | $1.80B | $1.69B | $1.63B | $1.52B | $1.43B | $1.35B | $1.26B | $1.20B | |
| Goodwill | $227M | $227M | $227M | $241M | $241M | $241M | $290M | $326M | $269M | $263M | $245M | $257M | |
| Intangibles | $4M | $10M | $15M | $29M | $35M | $43M | $52M | $67M | $63M | $65M | $63M | $72M | |
| Other Non-current Assets | $132M | $118M | $115M | $112M | $110M | $106M | $115M | $188M | $178M | $132M | $116M | $106M | |
| Total Assets | $3.84B | $3.49B | $3.29B | $3.05B | $2.93B | $2.97B | $3.23B | $3.19B | $3.01B | $2.88B | $2.79B | $2.90B | |
| Accounts Payable | $313M | $267M | $264M | $278M | $242M | $142M | $124M | $239M | $215M | $201M | $160M | $170M | |
| Accrued Liabilities | $207M | $216M | $202M | $181M | $134M | $164M | $158M | $158M | $149M | $140M | $139M | $153M | |
| Short-term Debt | · | · | · | $0 | $0 | $0 | $170M | $20M | $0 | · | · | · | |
| Current Liabilities | $520M | $484M | $466M | $459M | $376M | $306M | $452M | $416M | $363M | $396M | $299M | $322M | |
| Capital Leases | $28M | $35M | $38M | $44M | $43M | $36M | $50M | · | · | · | · | · | |
| Deferred Tax | $197M | $163M | $174M | $170M | $162M | $157M | $130M | $143M | $162M | $185M | $102M | $146M | |
| Other Non-current Liabilities | $91M | $98M | $100M | $99M | $98M | $100M | $110M | $65M | $54M | $48M | $51M | $59M | |
| Total Liabilities | $1.61B | $1.60B | $1.66B | $1.66B | $1.60B | $1.58B | $1.78B | $1.67B | $1.52B | $1.68B | $1.69B | $1.58B | |
| Long-term Debt | · | · | · | · | $692M | $694M | $552M | $551M | $546M | $605M | $611M | $604M | |
| Total Debt | $691M | $695M | $694M | $693M | $692M | $694M | $722M | $570M | $546M | $605M | $611M | $607M | |
| Common Stock | $287M | $286M | $285M | $281M | $280M | $280M | $280M | $279M | $279M | $277M | $276M | $276M | |
| Retained Earnings | $2.20B | $1.71B | $1.37B | $1.23B | $1.21B | $1.30B | $1.57B | $1.61B | $1.48B | $1.32B | $1.31B | $1.33B | |
| Treasury Stock | $596M | $396M | $289M | $298M | $307M | $317M | $326M | $333M | $339M | $342M | $344M | $221M | |
| AOCI | $-20M | $-68M | $-94M | $-143M | $-174M | $-192M | $-398M | $-352M | $-240M | $-343M | $-410M | $-328M | |
| Stockholders' Equity | $2.23B | $1.89B | $1.63B | $1.40B | $1.33B | $1.39B | $1.45B | $1.52B | $1.49B | $1.20B | $1.10B | $1.33B | |
| Liabilities + Equity | $3.84B | $3.49B | $3.29B | $3.05B | $2.93B | $2.97B | $3.23B | $3.19B | $3.01B | $2.88B | $2.79B | $2.90B | |
| Shares Outstanding | 49,606,583 | 49,707,379 | 49,776,955 | 48,635,740 | 48,286,439 | 48,040,676 | 47,850,468 | 47,470,363 | 47,191,744 | 46,753,180 | 46,600,125 | 50,318,244 |
Cash Flow 19
| Metric | Trend | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $147M | $139M | $135M | $131M | $131M | $124M | $124M | $122M | $117M | $118M | $119M | $122M | |
| Stock-based Comp | $26M | $23M | $20M | $16M | $11M | $10M | $11M | $18M | $18M | $13M | $9M | $10M | |
| Deferred Tax | $21M | $-17M | $-13M | $-400.0K | $-3M | $-34M | $-400.0K | $16M | $-61M | $42M | $800.0K | $60M | |
| Amort. of Intangibles | $6M | $6M | $6M | $7M | $7M | $7M | $8M | $7M | $7M | $7M | $7M | $9M | |
| Restructuring | $0 | $1M | $1M | $0 | · | $1M | · | · | · | · | $10M | $29M | |
| Other Non-cash | $-120M | $-80M | $-53M | $-189M | $-84M | $379M | $96M | $-90M | $-52M | $-90M | $117M | $31M | |
| Operating Cash Flow | $605M | $440M | $275M | $15M | $6M | $250M | $232M | $232M | $209M | $130M | $257M | $283M | |
| CapEx | $243M | $154M | $97M | $82M | $91M | $100M | $171M | $180M | $135M | $98M | $95M | $170M | |
| Investing Cash Flow | $-243M | $-153M | $-96M | $-82M | $-89M | $-79M | $-171M | $-245M | $-139M | $-112M | $-83M | $-170M | |
| Debt Issued | · | · | · | · | · | · | · | · | · | · | · | $0 | |
| Net Debt Issued | $-700M | · | $0 | $0 | $-300M | $-250M | $0 | $0 | $-55M | · | · | $0 | |
| Stock Repurchased | $179M | $102M | $0 | $0 | · | · | · | · | $0 | $0 | $124M | $124M | |
| Net Stock Activity | $-179M | $-102M | · | · | · | · | · | · | $0 | $0 | $-124M | $-124M | |
| Dividends Paid | $40M | $40M | $40M | $39M | $39M | $39M | $39M | $39M | $34M | $34M | $35M | $38M | |
| Financing Cash Flow | $-287M | $-167M | $-23M | $-40M | $-53M | $-76M | $108M | $-19M | $-79M | $-34M | $-164M | $-159M | |
| Net Change in Cash | $78M | $116M | $155M | $-110M | $-133M | $94M | $166M | $-29M | $-10M | $-16M | · | · | |
| Taxes Paid | $85M | $94M | $63M | $10M | $-46M | $2M | $30M | $28M | $34M | $-33M | $28M | $-27M | |
| Free Cash Flow | $362M | $286M | $178M | $-68M | $-85M | $150M | $60M | $52M | $74M | $31M | $162M | $112M | |
| Levered FCF | · | · | · | $-110M | $-120M | $124M | $56M | $32M | $41M | $11M | $147M | $94M |
Profitability 8
| Metric | Trend | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 30.6% | 26.7% | 21.2% | 13.2% | 8.2% | 0.07% | 15.1% | 18.7% | 17.7% | 15.8% | 14.1% | 14.3% | |
| Operating Margin | 22.5% | 18.1% | 11.7% | 5.2% | -1.4% | -16.9% | 1.2% | 10.1% | 8.7% | 5.4% | 2.9% | 5.0% | |
| Net Margin | 17.0% | 13.1% | 6.8% | 2.2% | -2.7% | -15.6% | 0.07% | 7.0% | 8.7% | 2.6% | 0.62% | 2.6% | |
| Pretax Margin | 21.0% | 16.2% | 7.7% | 2.8% | -3.4% | -20.2% | 0.28% | 9.1% | 7.4% | 3.9% | 1.2% | 4.0% | |
| EBITDA Margin | 27.2% | 23.0% | 16.6% | 10.4% | 5.8% | -8.5% | 6.8% | 15.2% | 14.1% | 12.0% | 9.4% | 10.5% | |
| ROA | 14.5% | 11.1% | 5.9% | 1.9% | -1.7% | -7.4% | 0.05% | 5.4% | 6.4% | 1.7% | 0.40% | 2.0% | |
| ROE | 25.1% | 20.9% | 11.9% | 4.1% | -3.7% | -16.6% | 0.10% | 10.8% | 14.0% | 4.1% | 0.93% | 4.2% | |
| ROIC | 19.4% | 16.3% | 12.3% | 5.0% | -0.96% | -9.2% | 0.29% | 8.9% | 10.8% | 3.6% | 1.6% | 3.8% |
Liquidity & Solvency 5
| Metric | Trend | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 3.8 | 3.6 | 3.4 | 2.8 | 3.0 | 3.6 | 2.8 | 3.0 | 3.2 | 2.8 | 3.4 | 3.3 | |
| Quick Ratio | 2.1 | 1.8 | 1.6 | 1.3 | 1.4 | 1.9 | 1.1 | 1.0 | 1.2 | 0.9 | 1.1 | 1.2 | |
| Debt / Equity | 0.3 | 0.4 | 0.4 | 0.5 | 0.5 | 0.5 | 0.5 | 0.4 | 0.4 | 0.5 | 0.6 | 0.5 | |
| LT Debt / Equity | 0.3 | 0.4 | 0.4 | 0.5 | 0.5 | 0.5 | 0.4 | 0.4 | 0.4 | 0.5 | 0.6 | 0.5 | |
| Interest Coverage | · | · | · | 2.5 | -0.6 | -7.6 | 1.3 | 9.3 | 6.6 | 3.3 | 1.8 | 4.0 |
Efficiency 3
| Metric | Trend | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.9 | 0.8 | 0.9 | 0.9 | 0.6 | 0.5 | 0.7 | 0.8 | 0.7 | 0.6 | 0.6 | 0.7 | |
| Inventory Turnover | · | · | · | · | · | · | · | 2.6 | 2.6 | 2.3 | 2.4 | 2.8 | |
| Receivables Turnover | 4.9 | 5.1 | 5.0 | 5.6 | 5.3 | 4.9 | 6.4 | 6.2 | 6.5 | 6.6 | 6.5 | 6.9 |
Growth Rates 10
| Metric | Trend | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue YoY | 8.6% | 4.2% | 8.2% | 38.9% | 24.4% | -32.4% | · | · | · | · | · | · | |
| Revenue CAGR 3Y | 7.0% | 16.2% | 23.2% | 5.3% | · | · | · | · | · | · | · | · | |
| Revenue CAGR 5Y | 16.2% | 5.7% | · | · | · | · | · | · | · | · | · | · | |
| EPS YoY | 41.8% | 100.5% | 224.6% | · | · | · | · | · | · | · | · | · | |
| EPS CAGR 3Y | 109.7% | · | · | 284.9% | · | · | · | · | · | · | · | · | |
| EPS CAGR 5Y | · | 226.5% | · | · | · | · | · | · | · | · | · | · | |
| Net Income YoY | 40.9% | 101.6% | 230.7% | · | · | · | · | · | · | · | · | · | |
| Net Income CAGR 3Y | 111.0% | · | · | 235.0% | · | · | · | · | · | · | · | · | |
| Net Income CAGR 5Y | · | 201.9% | · | · | · | · | · | · | · | · | · | · | |
| Dividend CAGR 5Y | 0.61% | 0.76% | · | · | · | · | · | · | · | · | · | · |
Valuation (TTM) 17
| Metric | Trend | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $3.12B | $2.88B | $2.76B | $2.55B | $1.84B | $1.48B | $2.18B | $2.38B | $2.16B | $1.80B | $1.81B | $2.23B | |
| Net Income TTM | $530M | $376M | $186M | $56M | $-49M | $-230M | $2M | $167M | $188M | $47M | $11M | $59M | |
| Market Cap | $30.60B | $13.74B | $5.45B | $2.73B | $1.35B | $1.93B | $1.16B | $2.28B | $2.48B | $1.75B | $1.53B | $1.95B | |
| Enterprise Value | $30.90B | $14.12B | $5.95B | $3.38B | $1.89B | $2.34B | $1.69B | $2.82B | $2.97B | $2.29B | $2.06B | $2.48B | |
| P/E | 58.6 | 37.2 | 29.6 | 49.2 | -27.6 | -8.4 | 1214.0 | 14.0 | 13.4 | 37.8 | 143.2 | 34.8 | |
| P/S | 9.8 | 4.8 | 2.0 | 1.1 | 0.7 | 1.3 | 0.5 | 1.0 | 1.1 | 1.0 | 0.8 | 0.9 | |
| P/B | 13.7 | 7.3 | 3.3 | 2.0 | 1.0 | 1.4 | 0.8 | 1.5 | 1.7 | 1.5 | 1.4 | 1.5 | |
| P / Tangible Book | 15.3 | 8.3 | 3.9 | 2.4 | 1.3 | 1.7 | 1.1 | · | · | · | · | · | |
| P / Cash Flow | 50.6 | 31.2 | 19.8 | 185.7 | 224.6 | 7.7 | 5.0 | 9.8 | 11.9 | 13.5 | 6.0 | 6.9 | |
| P / FCF | 84.5 | 48.0 | 30.6 | -40.4 | -15.8 | 12.9 | 19.2 | 43.7 | 33.4 | 56.8 | 9.5 | 17.4 | |
| EV / EBITDA | 36.4 | 21.4 | 13.0 | 12.8 | 17.7 | -18.7 | 11.3 | 7.8 | 9.8 | 10.6 | 12.1 | 10.6 | |
| EV / FCF | 85.3 | 49.3 | 33.4 | -50.0 | -22.1 | 15.6 | 28.0 | 54.1 | 40.0 | 74.3 | 12.8 | 22.2 | |
| EV / Revenue | 9.9 | 4.9 | 2.2 | 1.3 | 1.0 | 1.6 | 0.8 | 1.2 | 1.4 | 1.3 | 1.1 | 1.1 | |
| Dividend Yield | 0.13% | 0.29% | 0.73% | 1.4% | 2.9% | 2.0% | 3.3% | 1.7% | 1.4% | 1.9% | 2.3% | 1.9% | |
| Earnings Yield | 1.7% | 2.7% | 3.4% | 2.0% | -3.6% | -11.8% | 0.08% | 7.1% | 7.5% | 2.6% | 0.70% | 2.9% | |
| Payout Ratio | 7.6% | 10.7% | 21.4% | 69.9% | -79.8% | -17.0% | 2586.7% | 23.1% | 18.2% | 72.5% | 308.0% | 64.6% | |
| Annual Payout | $40M | $40M | $40M | $39M | $39M | $39M | $39M | $39M | $34M | $34M | $35M | $38M |
Income Statement 14
| Metric | Trend | Q4 2026 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $851M | $812M | $728M | $734M | $756M | $727M | $677M | $718M | $799M | $685M | $624M | $652M | $758M | $690M | $579M | $523M | |
| Gross Profit | $269M | $252M | $218M | $216M | $214M | $201M | $178M | $176M | $191M | $147M | $123M | $124M | $119M | $94M | $70M | $55M | |
| SG&A Expense | $62M | $65M | $63M | $63M | $62M | $63M | $59M | $59M | $65M | $57M | $53M | $55M | $56M | $54M | $47M | $46M | |
| Operating Income | $207M | $186M | $155M | $153M | $151M | $138M | $119M | $114M | $108M | $76M | $70M | $69M | $63M | $39M | $23M | $8M | |
| Interest Expense | · | · | · | · | · | · | · | · | · | $13M | $13M | $13M | · | $14M | $13M | $13M | |
| Other Non-op | $5M | $-1M | $600.0K | $3M | $-600.0K | $-4M | $-2M | $-100.0K | $-2M | $-53M | $-2M | $-4M | $-3M | $0 | $100.0K | $-4M | |
| Pretax Income | $205M | $177M | $130M | $145M | $139M | $122M | $105M | $101M | $94M | $10M | $55M | $52M | $49M | $24M | $8M | $-8M | |
| Income Tax | $42M | $37M | $25M | $22M | $27M | $27M | $21M | $16M | $400.0K | $4M | $12M | $8M | $10M | $5M | $2M | $-900.0K | |
| Net Income | $162M | $140M | $105M | $122M | $112M | $95M | $84M | $85M | $94M | $6M | $43M | $44M | $38M | $19M | $6M | $-7M | |
| EPS (Basic) | $3.25 | $2.79 | $2.10 | $2.45 | $2.23 | $1.90 | $1.68 | $1.69 | $1.88 | $0.12 | $0.86 | $0.89 | $0.78 | $0.38 | $0.13 | $-0.14 | |
| EPS (Diluted) | $3.23 | $2.77 | $2.09 | $2.43 | $2.21 | $1.88 | $1.66 | $1.67 | $1.85 | $0.12 | $0.85 | $0.88 | $0.77 | $0.38 | $0.13 | $-0.14 | |
| Shares (Basic) | 49,900,000 | 50,000,000 | 50,100,000 | 50,100,000 | 50,100,000 | 50,200,000 | 50,200,000 | 50,100,000 | -98,900,000 | 49,700,000 | 49,700,000 | 49,200,000 | -97,500,000 | 48,800,000 | 48,800,000 | 48,700,000 | |
| Shares (Diluted) | 50,200,000 | 50,300,000 | 50,300,000 | 50,400,000 | 50,600,000 | 50,700,000 | 50,700,000 | 50,700,000 | -100,100,000 | 50,300,000 | 50,200,000 | 49,900,000 | -97,700,000 | 49,200,000 | 49,000,000 | 48,700,000 | |
| EBITDA | · | $223M | $191M | $189M | · | $173M | $153M | $147M | · | $110M | $103M | $102M | · | $72M | $55M | $41M |
Balance Sheet 29
| Metric | Trend | Q4 2026 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $393M | $295M | $232M | $208M | $316M | $152M | $162M | $150M | $199M | $54M | $16M | $18M | · | $22M | $20M | $53M | |
| Receivables | $702M | $682M | $604M | $614M | $576M | $603M | $565M | $569M | $563M | $521M | $508M | $511M | · | $516M | $442M | $390M | |
| Inventory | $823M | $839M | $822M | $778M | $794M | $825M | $812M | $749M | $735M | $796M | $798M | $707M | · | $710M | $723M | $616M | |
| Other Current Assets | $63M | $82M | $98M | $72M | $80M | $86M | $101M | $92M | $94M | $82M | $88M | $86M | · | $84M | $99M | $93M | |
| Current Assets | $1.98B | $1.90B | $1.76B | $1.67B | $1.76B | $1.67B | $1.64B | $1.56B | $1.59B | $1.45B | $1.41B | $1.32B | · | $1.33B | $1.28B | $1.15B | |
| PP&E (Net) | $1.49B | $1.43B | $1.39B | $1.37B | $1.36B | $1.34B | $1.33B | $1.33B | $1.34B | $1.35B | $1.36B | $1.37B | · | $1.38B | $1.39B | $1.40B | |
| PP&E (Gross) | $3.74B | · | · | · | $3.50B | · | · | · | $3.35B | · | · | · | · | · | · | · | |
| Accum. Depreciation | $2.26B | · | · | · | $2.14B | · | · | · | $2.02B | · | · | · | · | · | · | · | |
| Goodwill | $227M | $227M | $227M | $227M | $227M | $227M | $227M | $227M | $227M | $227M | $241M | $241M | $241M | $241M | $241M | $241M | |
| Intangibles | $4M | $5M | $7M | $8M | $10M | $11M | $12M | $14M | $15M | $24M | $25M | $27M | · | $30M | $32M | $33M | |
| Other Non-current Assets | $132M | $108M | $112M | $114M | $118M | $113M | $114M | $116M | $115M | $114M | $111M | $109M | · | $101M | $104M | $107M | |
| Total Assets | $3.84B | $3.68B | $3.50B | $3.40B | $3.49B | $3.36B | $3.33B | $3.25B | $3.29B | $3.18B | $3.16B | $3.08B | · | $3.09B | $3.06B | $2.94B | |
| Accounts Payable | $313M | $323M | $270M | $246M | $267M | $258M | $267M | $273M | $264M | $275M | $313M | $316M | · | $288M | $305M | $288M | |
| Accrued Liabilities | $207M | $186M | $143M | $131M | $216M | $186M | $165M | $133M | $202M | $178M | $158M | $133M | · | $147M | $124M | $123M | |
| Short-term Debt | · | · | · | · | · | · | · | · | · | · | $14M | · | · | $109M | $81M | · | |
| Current Liabilities | $520M | $508M | $413M | $377M | $484M | $444M | $432M | $406M | $466M | $453M | $486M | $449M | · | $544M | $510M | $411M | |
| Capital Leases | $28M | · | · | · | $35M | · | · | · | $38M | · | · | · | · | $38M | $39M | $40M | |
| Deferred Tax | $197M | $176M | $172M | $169M | $163M | $164M | $167M | $171M | $174M | $168M | $169M | $173M | · | $160M | $162M | $158M | |
| Other Non-current Liabilities | $91M | $91M | $93M | $95M | $98M | $96M | $95M | $100M | $100M | $99M | $99M | $98M | · | $91M | $93M | $96M | |
| Total Liabilities | $1.61B | $1.61B | $1.52B | $1.49B | $1.60B | $1.58B | $1.61B | $1.59B | $1.66B | $1.67B | $1.69B | $1.65B | · | $1.77B | $1.74B | $1.63B | |
| Long-term Debt | · | · | · | · | · | · | · | · | · | · | · | · | · | $693M | $692M | $692M | |
| Total Debt | · | $690M | $690M | $696M | · | $695M | $695M | $694M | · | $694M | $708M | $693M | · | $801M | $774M | $692M | |
| Common Stock | $287M | $287M | $287M | $286M | $286M | $286M | $286M | $285M | $285M | $283M | $283M | $283M | · | $280M | $280M | $280M | |
| Retained Earnings | $2.20B | $2.05B | $1.92B | $1.82B | $1.71B | $1.61B | $1.52B | $1.45B | $1.37B | $1.29B | $1.29B | $1.26B | · | $1.20B | $1.19B | $1.19B | |
| Treasury Stock | $596M | $549M | $496M | $469M | $396M | $371M | $334M | $326M | $289M | $290M | $290M | $290M | · | $298M | $298M | $301M | |
| AOCI | $-20M | $-68M | $-66M | $-68M | $-68M | $-90M | $-96M | $-91M | $-94M | $-115M | $-142M | $-146M | · | $-174M | $-167M | $-181M | |
| Stockholders' Equity | $2.23B | $2.07B | $1.99B | $1.91B | $1.89B | $1.78B | $1.72B | $1.66B | $1.63B | $1.50B | $1.47B | $1.43B | $1.40B | $1.33B | $1.32B | $1.31B | |
| Liabilities + Equity | $3.84B | $3.68B | $3.50B | $3.40B | $3.49B | $3.36B | $3.33B | $3.25B | $3.29B | $3.18B | $3.16B | $3.08B | · | $3.09B | $3.06B | $2.94B | |
| Shares Outstanding | 49,606,583 | 49,685,074 | 49,809,340 | 49,743,177 | 49,707,379 | 49,770,924 | 49,875,113 | 49,842,234 | 49,776,955 | 49,426,636 | 49,412,070 | 49,275,925 | 48,635,740 | 48,543,265 | 48,507,489 | 48,444,925 |
Cash Flow 15
| Metric | Trend | Q4 2026 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $38M | $37M | $36M | $36M | $36M | $35M | $34M | $34M | $34M | $34M | $34M | $33M | $33M | $33M | $32M | $32M | |
| Stock-based Comp | $8M | $7M | $6M | $6M | $7M | $6M | $5M | $5M | $6M | $5M | $4M | $4M | $6M | $3M | $4M | $4M | |
| Deferred Tax | $8M | $4M | $3M | $6M | $-5M | $-4M | $-5M | $-4M | $-2M | $-10M | $-3M | $2M | $-400.0K | $900.0K | $1M | $-2M | |
| Restructuring | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1M | $1M | · | · | · | · | · | · | · | |
| Other Non-cash | · | · | · | $-131M | · | · | · | $-80M | · | · | · | $-76M | · | · | · | $-105M | |
| Operating Cash Flow | $240M | $194M | $132M | $39M | $258M | $74M | $68M | $40M | $170M | $84M | $14M | $7M | $175M | $4M | $-86M | $-78M | |
| CapEx | $85M | $69M | $46M | $43M | $58M | $40M | $29M | $27M | $28M | $22M | $25M | $22M | $31M | $20M | $18M | $14M | |
| Investing Cash Flow | $-85M | $-69M | $-46M | $-43M | $-57M | $-40M | $-29M | $-27M | $-27M | $-22M | $-25M | $-22M | $-31M | $-20M | $-18M | $-14M | |
| Stock Repurchased | $45M | $53M | $32M | $49M | $24M | $38M | $8M | $32M | $0 | $0 | $0 | $0 | · | · | · | · | |
| Net Stock Activity | · | · | · | $-49M | · | · | · | $-32M | · | · | · | · | · | · | · | · | |
| Dividends Paid | $10M | $10M | $10M | $10M | $10M | $10M | $10M | $10M | $10M | $10M | $10M | $10M | $10M | $10M | $10M | $10M | |
| Financing Cash Flow | $-57M | $-63M | $-62M | $-104M | $-35M | $-44M | $-28M | $-61M | $5M | $-24M | $8M | $-13M | $-117M | $19M | $71M | $-13M | |
| Net Change in Cash | $98M | $63M | $24M | $-108M | $164M | $-11M | $12M | $-49M | $146M | $38M | $-2M | $-26M | $22M | $2M | $-33M | $-102M | |
| Free Cash Flow | · | · | · | $-3M | · | · | · | $13M | · | · | · | $-15M | · | · | · | $-92M | |
| Levered FCF | · | · | · | · | · | · | · | · | · | · | · | $-25M | · | · | · | $-103M |
Profitability 8
| Metric | Trend | Q4 2026 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | · | 31.0% | 30.0% | 29.5% | · | 27.6% | 26.2% | 24.6% | · | 21.5% | 19.6% | 19.0% | · | 13.6% | 12.1% | 10.5% | |
| Operating Margin | · | 23.0% | 21.3% | 20.9% | · | 18.9% | 17.6% | 15.8% | · | 11.1% | 11.2% | 10.6% | · | 5.7% | 3.9% | 1.6% | |
| Net Margin | · | 17.2% | 14.5% | 16.7% | · | 13.1% | 12.4% | 11.8% | · | 0.92% | 6.8% | 6.7% | · | 2.7% | 1.1% | -1.3% | |
| Pretax Margin | · | 21.8% | 17.9% | 19.7% | · | 16.8% | 15.5% | 14.1% | · | 1.5% | 8.8% | 8.0% | · | 3.5% | 1.3% | -1.5% | |
| EBITDA Margin | · | 27.5% | 26.3% | 25.8% | · | 23.8% | 22.6% | 20.5% | · | 16.1% | 16.6% | 15.7% | · | 10.4% | 9.5% | 7.8% | |
| ROA | · | 4.0% | 3.1% | 3.7% | · | 2.9% | 2.6% | 2.7% | · | 0.20% | 1.4% | 1.5% | · | 0.59% | 0.21% | -0.23% | |
| ROE | · | 7.2% | 5.7% | 6.9% | · | 5.8% | 5.3% | 5.5% | · | 0.45% | 3.1% | 3.2% | · | 1.4% | 0.47% | -0.52% | |
| ROIC | · | 5.3% | 4.7% | 5.0% | · | 4.3% | 4.0% | 4.0% | · | 2.2% | 2.5% | 2.7% | · | 1.4% | 0.87% | 0.37% |
Liquidity & Solvency 5
| Metric | Trend | Q4 2026 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | · | 3.7 | 4.3 | 4.4 | · | 3.7 | 3.8 | 3.8 | · | 3.2 | 2.9 | 2.9 | · | 2.4 | 2.5 | 2.8 | |
| Quick Ratio | · | 1.9 | 2.0 | 2.2 | · | 1.7 | 1.7 | 1.8 | · | 1.3 | 1.1 | 1.2 | · | 1.0 | 0.9 | 1.1 | |
| Debt / Equity | · | 0.3 | 0.3 | 0.4 | · | 0.4 | 0.4 | 0.4 | · | 0.5 | 0.5 | 0.5 | · | 0.6 | 0.6 | 0.5 | |
| LT Debt / Equity | · | 0.3 | 0.3 | 0.4 | · | 0.4 | 0.4 | 0.4 | · | 0.5 | 0.5 | 0.5 | · | 0.5 | 0.5 | 0.5 | |
| Interest Coverage | · | · | · | · | · | · | · | · | · | 5.9 | 5.4 | 5.4 | · | 2.7 | 1.7 | 0.7 |
Efficiency 2
| Metric | Trend | Q4 2026 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | · | 0.2 | 0.2 | 0.2 | · | 0.2 | 0.2 | 0.2 | · | 0.2 | 0.2 | 0.2 | · | 0.2 | 0.2 | 0.2 | |
| Receivables Turnover | · | 1.3 | 1.2 | 1.2 | · | 1.3 | 1.3 | 1.3 | · | 1.3 | 1.3 | 1.4 | · | 1.6 | 1.5 | 1.5 |
Valuation (TTM) 15
| Metric | Trend | Q4 2026 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | · | $3.00B | $2.87B | $2.86B | · | $2.81B | $2.70B | $2.68B | · | $3.80B | $3.80B | $3.76B | · | $2.28B | $1.99B | $1.80B | |
| Net Income TTM | · | $463M | $407M | $387M | · | $271M | $218M | $178M | · | $112M | $111M | $62M | · | $10M | $-38M | $-59M | |
| Market Cap | · | $19.58B | $15.68B | $12.21B | · | $9.02B | $8.46B | $7.95B | · | $3.53B | $3.50B | $3.31B | · | $2.17B | $1.79B | $1.51B | |
| Enterprise Value | · | $19.98B | $16.14B | $12.70B | · | $9.56B | $9.00B | $8.50B | · | $4.17B | $4.19B | $3.99B | · | $2.95B | $2.55B | $2.15B | |
| P/E | · | 43.0 | 39.1 | 32.1 | · | 34.0 | 39.5 | 45.3 | · | 32.0 | 31.6 | 53.8 | · | 213.1 | -47.4 | -25.5 | |
| P/S | · | 6.5 | 5.5 | 4.3 | · | 3.2 | 3.1 | 3.0 | · | 0.9 | 0.9 | 0.9 | · | 1.0 | 0.9 | 0.8 | |
| P/B | · | 9.5 | 7.9 | 6.4 | · | 5.1 | 4.9 | 4.8 | · | 2.3 | 2.4 | 2.3 | · | 1.6 | 1.4 | 1.2 | |
| P / Tangible Book | · | 10.7 | 9.0 | 7.3 | · | 5.8 | 5.7 | 5.6 | · | 2.8 | 2.9 | 2.9 | · | 2.1 | 1.7 | 1.5 | |
| P / Cash Flow | · | · | · | 311.6 | · | · | · | 197.9 | · | · | · | 447.5 | · | · | · | -19.3 | |
| P / FCF | · | · | · | -3592.3 | · | · | · | 598.0 | · | · | · | -226.8 | · | · | · | -16.5 | |
| EV / EBITDA | · | 89.5 | 84.3 | 67.1 | · | 55.2 | 58.7 | 57.7 | · | 37.9 | 40.5 | 39.1 | · | 40.9 | 46.2 | 52.9 | |
| EV / FCF | · | · | · | -3735.8 | · | · | · | 639.0 | · | · | · | -273.1 | · | · | · | -23.5 | |
| EV / Revenue | · | 6.7 | 5.6 | 4.4 | · | 3.4 | 3.3 | 3.2 | · | 1.1 | 1.1 | 1.1 | · | 1.3 | 1.3 | 1.2 | |
| Earnings Yield | · | 2.3% | 2.6% | 3.1% | · | 2.9% | 2.5% | 2.2% | · | 3.1% | 3.2% | 1.9% | · | 0.47% | -2.1% | -3.9% | |
| Payout Ratio | · | · | · | 8.2% | · | · | · | 11.9% | · | · | · | 22.6% | · | · | · | -142.0% |
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
Income Statement
| 2026-06-30 | 2025-06-30 | 2024-06-30 | 2023-06-30 | 2022-06-30 | |
|---|---|---|---|---|---|
| Revenue | $3.12B | $2.88B | $2.76B | $2.55B | $1.84B |
| Gross Margin % | 30.6% | 26.7% | 21.2% | 13.2% | 8.2% |
| Operating Margin % | 22.5% | 18.1% | 11.7% | 5.2% | -1.4% |
| Net Income | $530M | $376M | $186M | $56M | $-49M |
| Diluted EPS | $10.52 | $7.42 | $3.70 | $1.14 | $-1.01 |
Balance Sheet
| 2026-06-30 | 2025-06-30 | 2024-06-30 | 2023-06-30 | 2022-06-30 | |
|---|---|---|---|---|---|
| Debt / Equity | 0.3 | 0.4 | 0.4 | 0.5 | 0.5 |
| Current Ratio | 3.8 | 3.6 | 3.4 | 2.8 | 3.0 |
| Quick Ratio | 2.1 | 1.8 | 1.6 | 1.3 | 1.4 |
Cash Flow
| 2026-06-30 | 2025-06-30 | 2024-06-30 | 2023-06-30 | 2022-06-30 | |
|---|---|---|---|---|---|
| Free Cash Flow | $362M | $286M | $178M | $-68M | $-85M |
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Institutional owners (13F) 927 filers · $18.7B 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 |
|---|---|---|---|---|
| 233 (+75 vs prior Q) | 48 (-14 vs prior Q) | 309 (+60 vs prior Q) | 245 (+23 vs prior Q) | +4.1M |
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 |
|---|---|---|---|---|
| FMR LLC | $2,062,132,229 | 3,343,059 | 11.05% | Shares |
| VANGUARD CAPITAL MANAGEMENT LLC | $1,333,191,096 | 2,161,324 | 7.14% | Shares |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $1,303,965,834 | 2,113,945 | 6.99% | Shares |
| STATE STREET CORP | $1,176,419,976 | 1,907,172 | 6.30% | Shares |
| AQR CAPITAL MANAGEMENT LLC | $891,260,964 | 1,444,882 | 4.78% | Shares |
| JENNISON ASSOCIATES LLC | $678,862,475 | 1,100,549 | 3.64% | Shares |
| LONE PINE CAPITAL LLC | $593,917,609 | 962,839 | 3.18% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $503,609,913 | 816,197 | 2.70% | Shares |
| SANDS CAPITAL MANAGEMENT, LLC | $484,928,766 | 786,150 | 2.60% | Shares |
| SurgoCap Partners LP | $423,444,005 | 686,473 | 2.27% | Shares |
| GOLDMAN SACHS GROUP INC | $335,045,282 | 543,164 | 1.80% | Shares |
| NORGES BANK | $316,992,842 | 513,898 | 1.70% | Shares |
| WELLINGTON MANAGEMENT GROUP LLP | $304,387,100 | 493,462 | 1.63% | Shares |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | $244,984,791 | 397,161 | 1.31% | Shares |
| DIMENSIONAL FUND ADVISORS LP | $232,857,733 | 377,501 | 1.25% | Shares |
| WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC | $205,165,302 | 332,607 | 1.10% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $196,606,030 | 318,731 | 1.05% | Shares |
| Holocene Advisors, LP | $193,985,694 | 314,483 | 1.04% | Shares |
| WESTFIELD CAPITAL MANAGEMENT CO LP | $193,738,341 | 314,082 | 1.04% | Shares |
| ALLIANCEBERNSTEIN L.P. | $182,329,849 | 462,590 | 0.98% | Shares |
| Qube Research & Technologies Ltd | $177,500,645 | 287,758 | 0.95% | Shares |
| WCM INVESTMENT MANAGEMENT, LLC | $151,180,822 | 249,050 | 0.81% | Shares |
| Fisher Asset Management, LLC | $146,066,858 | 236,798 | 0.78% | Shares |
| Zurcher Kantonalbank (Zurich Cantonalbank) | $145,584,109 | 236,016 | 0.78% | Shares |
| Driehaus Capital Management LLC | $140,147,899 | 227,203 | 0.75% | Shares |
| Third Point LLC | $132,620,600 | 215,000 | 0.71% | Shares |
| Capital World Investors | $130,882,962 | 212,183 | 0.70% | Shares |
| TimesSquare Capital Management, LLC | $115,595,918 | 293,279 | 0.62% | Shares |
| LPL Financial LLC | $114,796,346 | 186,104 | 0.62% | Shares |
| CITADEL ADVISORS LLC | $105,973,112 | 171,800 | 0.57% | Call option |
| XN LP | $105,584,503 | 171,170 | 0.57% | Shares |
| Forest Avenue Capital Management LP | $101,296,848 | 164,219 | 0.54% | Shares |
| JANE STREET GROUP, LLC | $94,006,416 | 152,400 | 0.50% | Call option |
| TWO SIGMA INVESTMENTS, LP | $90,093,183 | 146,056 | 0.48% | Shares |
| RHUMBLINE ADVISERS | $89,058,676 | 144,379 | 0.48% | Shares |
| JANE STREET GROUP, LLC | $88,652,245 | 143,720 | 0.48% | Shares |
| BANK OF AMERICA CORP /DE/ | $80,532,780 | 130,557 | 0.43% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $80,065,832 | 129,800 | 0.43% | Call option |
| RAYMOND JAMES FINANCIAL INC | $79,778,651 | 129,334 | 0.43% | Shares |
| D. E. Shaw & Co., Inc. | $79,242,351 | 128,465 | 0.42% | Shares |
| ENVESTNET ASSET MANAGEMENT INC | $78,222,668 | 126,812 | 0.42% | Shares |
| Square Wave Capital, LLC | $76,364,792 | 123,800 | 0.41% | Shares |
| AMERICAN CENTURY COMPANIES INC | $75,538,490 | 122,460 | 0.40% | Shares |
| PNC Financial Services Group, Inc. | $75,476,542 | 122,360 | 0.40% | Shares |
| MILLENNIUM MANAGEMENT LLC | $75,310,612 | 122,091 | 0.40% | Shares |
| Advent International, L.P. | $73,769,129 | 119,592 | 0.40% | Shares |
| 1832 Asset Management L.P. | $70,633,732 | 114,509 | 0.38% | Shares |
| NATIXIS | $69,517,251 | 112,699 | 0.37% | Shares |
| PRINCIPAL FINANCIAL GROUP INC | $69,255,094 | 112,274 | 0.37% | Shares |
| MORGAN STANLEY | $67,460,306 | 109,364 | 0.36% | Shares |
| HAWK RIDGE CAPITAL MANAGEMENT LP | $66,087,004 | 107,138 | 0.35% | Shares |
| Gotham Asset Management, LLC | $64,254,989 | 104,168 | 0.34% | Shares |
| AVIVA PLC | $64,251,288 | 104,162 | 0.34% | Shares |
| California Public Employees Retirement System | $63,723,273 | 103,306 | 0.34% | Shares |
| JANE STREET GROUP, LLC | $63,226,100 | 102,500 | 0.34% | Put option |
| BOWEN HANES & CO INC | $63,064,000 | 160,000 | 0.34% | Shares |
| Granahan Investment Management, LLC | $59,821,760 | 96,981 | 0.32% | Shares |
| Swiss National Bank | $59,105,609 | 95,820 | 0.32% | Shares |
| OBERWEIS ASSET MANAGEMENT INC/ | $57,534,775 | 93,273 | 0.31% | Shares |
| Bornite Capital Management LP | $55,651,305 | 90,220 | 0.30% | Shares |
| Connor, Clark & Lunn Investment Management Ltd. | $55,519,918 | 90,007 | 0.30% | Shares |
| AMERIPRISE FINANCIAL INC | $55,175,174 | 89,448 | 0.30% | Shares |
| BlackRock, Inc. | $52,504,187 | 85,118 | 0.28% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $50,889,300 | 82,500 | 0.27% | Put option |
| CONGRESS ASSET MANAGEMENT CO | $49,827,868 | 80,779 | 0.27% | Shares |
| FRONTIER CAPITAL MANAGEMENT CO LLC | $49,648,291 | 80,488 | 0.27% | Shares |
| BARCLAYS PLC | $47,613,263 | 77,189 | 0.26% | Shares |
| FIRST TRUST ADVISORS LP | $47,135,845 | 76,415 | 0.25% | Shares |
| SAMLYN CAPITAL, LLC | $44,423,583 | 72,018 | 0.24% | Shares |
| Allspring Global Investments Holdings, LLC | $44,178,635 | 72,405 | 0.24% | Shares |
| Retirement Systems of Alabama | $41,680,496 | 67,571 | 0.22% | Shares |
| IEQ CAPITAL, LLC | $41,487,764 | 67,258 | 0.22% | Shares |
| SCHRODER INVESTMENT MANAGEMENT GROUP | $41,425,548 | 68,243 | 0.22% | Shares |
| Tyro Capital Management LLC | $40,216,117 | 65,197 | 0.22% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $40,043,402 | 64,917 | 0.21% | Shares |
| CITADEL ADVISORS LLC | $38,552,500 | 62,500 | 0.21% | Put option |
| BNP PARIBAS FINANCIAL MARKETS | $35,605,238 | 57,722 | 0.19% | Shares |
| Night Owl Capital Management, LLC | $32,824,524 | 53,214 | 0.18% | Shares |
| STATE OF WISCONSIN INVESTMENT BOARD | $32,622,817 | 52,887 | 0.17% | Shares |
| CAPITAL FUND MANAGEMENT S.A. | $32,491,430 | 52,674 | 0.17% | Shares |
| NAVELLIER & ASSOCIATES INC | $32,428,934 | 52,573 | 0.17% | Shares |
| ALGERT GLOBAL LLC | $32,353,875 | 52,451 | 0.17% | Shares |
| Bridgewater Associates, LP | $30,136,335 | 48,856 | 0.16% | Shares |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | $28,659,829 | 72,713 | 0.15% | Shares |
| Nicholas Investment Partners, LP | $26,926,917 | 43,653 | 0.14% | Shares |
| NEW YORK STATE COMMON RETIREMENT FUND | $26,770,856 | 43,400 | 0.14% | Shares |
| Daiwa Securities Group Inc. | $26,543,242 | 43,031 | 0.14% | Shares |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ | $26,438,996 | 42,862 | 0.14% | Shares |
| Dorsey Wright & Associates | $26,383,593 | 42,772 | 0.14% | Shares |
| VANGUARD ASSET MANAGEMENT, Ltd | $24,666,198 | 39,988 | 0.13% | Shares |
| NEXT CENTURY GROWTH INVESTORS LLC | $23,741,554 | 38,489 | 0.13% | Shares |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM | $23,338,141 | 37,835 | 0.13% | Shares |
| TUDOR INVESTMENT CORP ET AL | $23,112,995 | 37,470 | 0.12% | Shares |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | $22,727,477 | 57,662 | 0.12% | Shares |
| Cetera Investment Advisers | $22,518,473 | 36,506 | 0.12% | Shares |
| Overbrook Management Corp | $21,746,077 | 35,254 | 0.12% | Shares |
| INTRINSIC EDGE CAPITAL MANAGEMENT LLC | $21,731,273 | 35,230 | 0.12% | Shares |
| Brevan Howard Capital Management LP | $21,068,170 | 34,155 | 0.11% | Shares |
| Junto Capital Management LP | $20,382,244 | 33,043 | 0.11% | Shares |
| SG Capital Management LLC | $20,025,094 | 32,464 | 0.11% | Shares |
Company insiders 61 insiders · 28 officers · 28 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Tony R Thene | Chairman, President and CEO | Aug. 17, 2026 A | 78,893 | 0 | 2 | $-4,654,815 |
| Brian J Malloy | President and CEO | July 14, 2026 F | 88,193 | 0 | 0 | $0 |
| William A Wulfsohn | President & CEO | Aug. 1, 2014 A | 129,011 | 0 | 0 | $0 |
| Anne Stevens | Chairman, President and CEO | July 29, 2009 A | 109,976 | 0 | 0 | $0 |
| Robert J Torcolini | President and CEO | July 26, 2006 A | 74,936 | 0 | 0 | $0 |
| Timothy Lain | SVP and CFO | Aug. 17, 2026 A | 115,050 | 0 | 0 | $0 |
| Damon J Audia | SVP & Chief Financial Officer | July 18, 2018 F | 42,333 | 0 | 0 | $0 |
| Douglas K Ralph | Sr Vice President & CFO | Jan. 19, 2013 F | 77,330 | 0 | 0 | $0 |
| Terrence E Geremski | Sr. VP-Finance and CFO | July 26, 2006 A | 26,696 | 0 | 0 | $0 |
| Marshall D Akins | VP and Chief Comm Officer | Aug. 17, 2026 A | 24,584 | 0 | 0 | $0 |
| Elizabeth A Socci | VP, Contr & Ch Acctg Officer | Aug. 17, 2026 A | 10,478 | 0 | 0 | $0 |
| James D Dee | SVP, Gen Counsel & Sec | Aug. 17, 2026 A | 79,468 | 0 | 3 | $-6,190,121 |
| David Graf | VP & Group President PEP | Aug. 17, 2023 F | 25,616 | 0 | 0 | $0 |
| Joseph E Haniford | SVP Continuous Improvement | Aug. 17, 2023 F | 60,489 | 0 | 0 | $0 |
| Michael Murtagh | VP & Group President - SAO | July 22, 2020 F | 14,103 | 0 | 0 | $0 |
| Sameh Abdelmalek | VP & Group President - PEP | Aug. 15, 2019 A | 5,553 | 0 | 0 | $0 |
| Samuel Lyon | VP & Group President - PEP | Nov. 1, 2018 F | 5,206 | 0 | 0 | $0 |
| David L Strobel | SVP & Chief Technology Officer | July 20, 2016 A | 26,079 | 0 | 0 | $0 |
| Andrew T Ziolkowski | SVP-Commer SAO & Latrobe Op | Aug. 1, 2014 A | 24,011 | 0 | 0 | $0 |
| Gary E Heasley | SVP-Perf. Engineered Products | Aug. 1, 2014 A | — | 0 | 0 | $0 |
| Michael L Shor | Sr. VP-Engineered Products Op. | July 29, 2010 A | 85,256 | 0 | 0 | $0 |
| Thomas F Cramsey | VP-Chief Accounting Officer | June 30, 2008 A | 1,465 | 0 | 0 | $0 |
| Richard L Simons | VP and Corporate Controller | Sept. 25, 2007 A | 10,241 | 0 | 0 | $0 |
| Jaime Vasquez | VP and Treasurer | Sept. 13, 2007 S | 8,705 | 0 | 0 | $0 |
| David A Christiansen | VP, Gen. Counsel and Secretary | July 25, 2007 A | 22,939 | 0 | 0 | $0 |
| Michael J Fitzpatrick | Vice Chairman | July 26, 2006 A | 13,576 | 0 | 0 | $0 |
| Richard Chamberlain | Vice President | July 27, 2005 M | 1,400 | 0 | 0 | $0 |
| Robert W Lodge | Vice President | July 30, 2004 F | 18,876 | 0 | 0 | $0 |
| Charles Douglas Mclane JR | Director | June 30, 2026 A | 6,459 | 0 | 0 | $0 |
| Julie A Beck | Director | June 30, 2026 A | — | 0 | 0 | $0 |
| Steven E Karol | Director | June 1, 2026 S | 223,381 | 0 | 4 | $-4,293,163 |
| Anastasios John Hart | Director | May 28, 2026 M | 0 | 0 | 1 | $-115,470 |
| Jr Stephen M Ward | Director | Oct. 13, 2025 M | 26,339 | 0 | 0 | $0 |
| Martin I Inglis | Director | Aug. 18, 2025 M | 6,732 | 0 | 1 | $-1,391,677 |
| Colleen Pritchett | Director | May 21, 2025 M | 0 | 0 | 0 | $0 |
| Viola L Acoff | Director | March 4, 2025 M | 0 | 0 | 0 | $0 |
| Ramin Younessi | Director | Nov. 19, 2024 M | 4,209 | 0 | 0 | $0 |
| Howard H Yu | Director | Oct. 9, 2024 A | — | 0 | 0 | $0 |
| Kathy Hopinkah Hannan | Director | Oct. 10, 2023 A | — | 0 | 0 | $0 |
| Jeffrey Wadsworth | Director | Oct. 12, 2021 A | 200 | 0 | 0 | $0 |
| Gregory A Pratt | Director | Oct. 13, 2020 A | 4,613 | 0 | 0 | $0 |
| Robert R Mcmaster | Director | March 10, 2020 P | 5,058 | 0 | 0 | $0 |
| Philip M Anderson | Director | Oct. 9, 2018 A | 8,100 | 0 | 0 | $0 |
| Kathryn C Turner | Director | Oct. 9, 2018 A | 5,397 | 0 | 0 | $0 |
| Carl G Anderson JR | Director | Sept. 29, 2017 A | 41,060 | 0 | 0 | $0 |
| Thomas O Hicks | Director | May 27, 2014 S | 19,383 | 0 | 0 | $0 |
| Marillyn A Hewson | Director | Oct. 24, 2005 A | — | 0 | 0 | $0 |
| Robert N Pokelwaldt | Director | July 27, 2004 A | — | 0 | 0 | $0 |
| WOLFE KENNETH L | Director | Oct. 27, 2003 A | — | 0 | 0 | $0 |
| HUDSON WILLIAM J | Director | Sept. 30, 2003 A | — | 0 | 0 | $0 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
Activists & 5%+ owners 3 positions
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 |
|---|---|---|---|---|---|
| Thomas O. Hicks, HHEP-Latrobe GP, L.L.C., HHEP-Latrobe GP, L.P., HEP Partners LLC, HHEP-Latrobe, L.P. ×2 filings | Dec. 14, 2012 | — | Initial filing | — | SEC |
| Steven E. Karol, Watermill-Toolrock Enterprises, LLC, Watermill-Toolrock Partners, L.P., Watermill-Toolrock Partners II, L.P. | March 12, 2012 | — | Initial filing | Passive investment | SEC |
| Ada E. Rossin ×4 filings | Feb. 22, 2006 | — | Initial filing | — | 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 121 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 |
|---|---|---|---|---|
| PYZ · Invesco Exchange-Traded Fund Trust | 6.90% | 9,443 SH | Aug. 8, 2026 | Daily |
| SUPP · TCW ETF Trust | 4.99% | 1,414 NS | April 30, 2026 | N-PORT |
| FXZ · First Trust Exchange-Traded AlphaDE… | 3.45% | 30,926 NS | April 30, 2026 | N-PORT |
| BCUS · Exchange Listed Funds Trust | 3.23% | 7,452 NS | May 31, 2026 | N-PORT |
| CSMD · Professionally Managed Portfolios | 2.99% | 30,263 NS | April 30, 2026 | N-PORT |
| XMHQ · Invesco Exchange-Traded Fund Trust | 2.87% | 282,517 SH | Aug. 8, 2026 | Daily |
| IYM · iShares Trust | 2.65% | 47,430 SH | Aug. 8, 2026 | Daily |
| PDP · Invesco Exchange-Traded Fund Trust | 2.44% | 64,391 SH | Aug. 8, 2026 | Daily |
| XMMO · Invesco Exchange-Traded Fund Trust | 2.39% | 315,520 SH | Aug. 8, 2026 | Daily |
| RFG · Invesco Exchange-Traded Fund Trust | 2.33% | 14,671 SH | Aug. 8, 2026 | Daily |
| GRPM · Invesco Exchange-Traded Fund Trust | 2.02% | 18,002 SH | Aug. 8, 2026 | Daily |
| ITA · iShares Trust | 1.89% | 508,062 SH | Aug. 8, 2026 | Daily |
| MMLG · First Trust Exchange-Traded Fund VI… | 1.77% | 3,536 NS | May 31, 2026 | N-PORT |
| PPA · Invesco Exchange-Traded Fund Trust | 1.68% | 256,540 SH | Aug. 8, 2026 | Daily |
| IJK · iShares Trust | 1.48% | 290,586 SH | Aug. 8, 2026 | Daily |
| IVOG · VANGUARD ADMIRAL FUNDS | 1.28% | 39,026 SH | Aug. 8, 2026 | Daily |
| DFEN · Direxion Shares ETF Trust | 1.27% | 10,853 NS | April 30, 2026 | N-PORT |
| PAVE · Global X Funds | 1.27% | 365,439 NS | May 31, 2026 | N-PORT |
| NUSC · Nushares ETF Trust | 1.19% | 35,748 NS | April 30, 2026 | N-PORT |
| FFSM · FIDELITY COVINGTON TRUST | 1.09% | 32,815 NS | April 30, 2026 | N-PORT |
| IFRA · iShares Trust | 0.98% | 80,435 SH | Aug. 8, 2026 | Daily |
| FWD · AB Active ETFs, Inc. | 0.97% | 59,583 NS | May 31, 2026 | N-PORT |
| MIDE · DBX ETF Trust | 0.94% | 67 NS | May 29, 2026 | N-PORT |
| PAMC · Pacer Funds Trust | 0.93% | 1,365 NS | April 30, 2026 | N-PORT |
| XJH · iShares Trust | 0.87% | 6,715 SH | Aug. 8, 2026 | Daily |
| LSEQ · Harbor ETF Trust | 0.85% | 306 NS | April 30, 2026 | N-PORT |
| IVOO · VANGUARD ADMIRAL FUNDS | 0.84% | 80,260 SH | Aug. 8, 2026 | Daily |
| SMIZ · Zacks Trust | 0.80% | 4,426 NS | May 31, 2026 | N-PORT |
| VBK · VANGUARD INDEX FUNDS | 0.80% | 625,331 SH | Aug. 8, 2026 | Daily |
| IWP · iShares Trust | 0.77% | 278,953 SH | Aug. 8, 2026 | Daily |
| QVMM · Invesco Exchange-Traded Fund Trust … | 0.77% | 5,938 SH | Aug. 8, 2026 | Daily |
| IJH · iShares Trust | 0.76% | 1,714,218 SH | Aug. 8, 2026 | Daily |
| MMSC · First Trust Exchange-Traded Fund VI… | 0.71% | 796 NS | May 31, 2026 | N-PORT |
| ILDR · First Trust Exchange-Traded Fund VI… | 0.70% | 4,298 NS | May 31, 2026 | N-PORT |
| FTC · First Trust Exchange-Traded AlphaDE… | 0.69% | 20,487 NS | April 30, 2026 | N-PORT |
| AVMV · AMERICAN CENTURY ETF TRUST | 0.66% | 8,779 NS | May 31, 2026 | N-PORT |
| PTMC · Pacer Funds Trust | 0.63% | 5,742 NS | April 30, 2026 | N-PORT |
| AVIE · AMERICAN CENTURY ETF TRUST | 0.58% | 126 NS | May 31, 2026 | N-PORT |
| AFSM · First Trust Exchange-Traded Fund VI… | 0.57% | 1,190 NS | May 31, 2026 | N-PORT |
| BKMC · BNY Mellon ETF Trust | 0.55% | 7,927 NS | April 30, 2026 | N-PORT |
| MVV · ProShares Trust | 0.50% | 1,720 NS | May 31, 2026 | N-PORT |
| SMLF · iShares Trust | 0.45% | 34,442 SH | Aug. 8, 2026 | Daily |
| HFGO · Hartford Funds Exchange-Traded Trust | 0.44% | 1,850 NS | April 30, 2026 | N-PORT |
| SCHM · SCHWAB STRATEGIC TRUST | 0.43% | 134,689 NS | May 31, 2026 | N-PORT |
| JPUS · J.P. Morgan Exchange-Traded Fund Tr… | 0.43% | 4,463 NS | April 30, 2026 | N-PORT |
| MIDU · Direxion Shares ETF Trust | 0.42% | 825 NS | April 30, 2026 | N-PORT |
| JPME · J.P. Morgan Exchange-Traded Fund Tr… | 0.42% | 4,309 NS | April 30, 2026 | N-PORT |
| ESML · iShares Trust | 0.42% | 21,731 SH | Aug. 8, 2026 | Daily |
| QGRO · AMERICAN CENTURY ETF TRUST | 0.41% | 19,333 NS | May 31, 2026 | N-PORT |
| BBMC · J.P. Morgan Exchange-Traded Fund Tr… | 0.41% | 19,261 NS | April 30, 2026 | N-PORT |