DLX Deluxe Corporation Common Stock
$23.91
Price · Aug 19, 2026
Fundamentals as of Aug 6, 2026
52W Range
$18–$32
43% of range
Analyst Rating
STRONG BUY
6 analysts
Price Target
$33
+37% upside
P/E (TTM)
13.5
ROE
12.4%
Net Profit Margin
3.9%
About Deluxe Corporation Common Stock Company overview from Wikipedia
Deluxe Corporation is an American financial services company that provides payment processing, data services, checks and promotional products, and merchant services. It operates in four divisions: B2B payments, data, print, and merchant services. As of 2025, the company serves millions of small businesses and thousands of financial institutions, processing more than $2.8 trillion in payments annually. According to its May 6, 2026 earnings call, 51% of the company's revenue is generated by its payments and data divisions.
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Deluxe Corporation is an American financial services company that provides payment processing, data services, checks and promotional products, and merchant services. It operates in four divisions: B2B payments, data, print, and merchant services. As of 2025, the company serves millions of small businesses and thousands of financial institutions, processing more than $2.8 trillion in payments annually. According to its May 6, 2026 earnings call, 51% of the company's revenue is generated by its payments and data divisions.
Founded in 1915 in Saint Paul, Minnesota, Deluxe relocated its headquarters to downtown Minneapolis in 2021. The company operates facilities in the United States and Canada for production, fulfillment, and administrative functions.
History
1915–1959
Deluxe Corporation was founded in 1915 as Deluxe Check Printers by William Roy (W.R.) Hotchkiss after obtaining a $300 personal loan. Hotchkiss patented several printing innovations, including the Hotchkiss Imprinting Press (1925) and the Hotchkiss Lithograph Press (1928), as well as the first personal flat-pocket checkbook and holder. For much of its early history, Deluxe operations focused exclusively on check printing, with business services added later.
1960–1989
In 1965, Deluxe became a publicly traded company and adopted magnetic ink character recognition (MICR) technology for check printing. By the 1980s, competition in the check printing industry increased, and demand for printed checks began to slow. In 1988, the company simplified the name to Deluxe Corporation.
1990–2010
The adoption of electronic payment systems in the 1990s reduced demand for printed checks, prompting Deluxe to diversify. The company began selling business forms, promotional products, and payroll services, and in the late 1990s and early 2000s acquired firms to expand transaction processing and software capabilities.
In 2004, Deluxe acquired New England Business Services (NEBS), a small business products provider. In 2008, Deluxe announced a strategic shift from primarily print products to a broader business services portfolio. Acquisitions during this period included Hostopia (web hosting), Logo Mojo (logo design), PartnerUp (market intelligence), and MerchEngines (search engine marketing).
2010–2015
Deluxe continued to diversify by acquiring many companies in areas including marketing, payroll, and digital services. Purchases included online printing service PsPrint, marketing firm OrangeSoda, email marketing platform VerticalResponse (2014), and transaction processor Wausau Financial Services (2014). The company also began offering electronic check (eCheck) solutions.
In 2015, Deluxe launched Small Business Revolution, a reality television series distributed on Hulu and Amazon Prime Video, highlighting small business stories.
2015–2020
During this period, Deluxe sought to balance its declining print business with growth in digital services. In December 2016, the company acquired First Manhattan Consulting Group—better known as FMCG Direct—for approximately $200 million. FMCG Direct offered data-driven marketing analytics and insights for financial institutions. The deal enhanced Deluxe's data-driven marketing services and was integrated into its Financial Services segment.
In 2019, the company secured a contract with Synchrony Financial, providing opportunities to sell lockbox processing, data-driven marketing, and treasury management services. In 2020, CEO Barry McCarthy implemented a new organizational structure and management team, including the company's first chief revenue officer. The Small Business Revolution series gained recognition in 2021, including a Daytime Emmy Award nomination.
While the company has accelerated its expansion into payments and data services under CEO Barry McCarthy, Deluxe's check printing business remains a significant revenue source and one of the largest in the U.S. market.
2021–2025
The company announced it would open a FinTech and Customer Innovation Center in Sandy Springs, Georgia, focusing on payment and cloud services.
In April 2021, Deluxe acquired First American Payment Systems, a payment processing company, for $960 million, its largest acquisition at that time, doubling the revenue of its payments segment.
Under McCarthy's leadership, Deluxe payments and data revenue grew significantly, from about 17% of total revenue in 2020 to more than 40% in 2025, while print continued to contribute roughly $700 million annually. The company's "North Star" strategic initiative, launched in 2023, aimed to focus resources on high-growth segments, improve cash flow, and reduce debt.
In August 2025, Deluxe acquired CheckMatch from J.P. Morgan’s Kinexys unit to expand its Deluxe Payment Network, which digitizes paper check delivery and integrates lockbox services. McCarthy has stated that the Deluxe strategy is to continue growing in payments and data while maintaining its check printing operations as a profitable legacy business.
Company acquisitions
Corporate overview
Deluxe Corporation is a publicly traded company listed on the New York Stock Exchange under the ticker symbol DLX. Headquartered in Minneapolis, Minnesota the company operates four primary business divisions: B2B payments, data, print, and merchant services.
Through its payments platforms, Deluxe processes more than $2.8 trillion in annual transactions for clients that include small businesses, large enterprises, financial institutions, and government agencies. The print division continues to produce personal checks, business checks, business forms, and other printed products for consumers and organizations.
As of 2025, Deluxe remains one of the largest commercial check printers in the United States by volume, even as payments and data solutions account for a growing share of its revenue. For check printing, customers cite Deluxe's national scale, security features, and long-standing relationships with banks and businesses while its integrated payments and data solutions appeal to businesses seeking to consolidate services with a single provider.
Competitive overview
Deluxe competes in multiple sectors, including payment processing, business services, and check printing. In the check printing market, historical competitors have included the John H. Harland Company, described by The New York Times in 2000 as the second-largest printer of checks in the United States, as well as in-house printing operations at retailers such as Walmart.
Source: Wikipedia, CC BY-SA 4.0 · View on Wikipedia ↗
DLX Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
Price
$23.91
Market Cap
$1.09B
P/E (TTM)
13.5
EPS (TTM)
$1.80
Revenue (TTM)
$2.13B
Div Yield
5.0%
ROE
12.4%
Debt/Equity
2.1
52W Range
$18 – $32
DLX 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
$2.13B
2018-12-31
→
2025-12-31
EPS
$1.80
2018-12-31
→
2025-12-31
Free Cash Flow
$175M
2018-12-31
→
2025-12-31
Margins
3.9%
2018-12-31
→
2024-12-31
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
Metric
5Y trend
DLX
Peer Median
P/E (TTM)
13.5
15.3
P/S (TTM)
0.5
1.0
P/B
1.6
2.1
EV / EBITDA
6.7
—
Price / FCF
6.2
—
Profitability Gross, operating and net margins; ROE, ROA, ROIC
Metric
5Y trend
DLX
Peer Median
Operating Margin
10.9%
—
Net Profit Margin
3.9%
7.9%
ROA
2.9%
7.8%
ROE
12.4%
16.1%
ROIC
7.6%
—
Financial Health Debt, liquidity, solvency — balance sheet strength
Metric
5Y trend
DLX
Peer Median
Debt / Equity
2.1
—
Current Ratio
1.0
1.6
Quick Ratio
0.3
—
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
Metric
5Y trend
DLX
Peer Median
Revenue YoY
0.54%
—
Revenue CAGR 3Y
-1.6%
—
Revenue CAGR 5Y
3.6%
—
EPS YoY
52.5%
—
Net Income YoY
55.5%
—
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
Metric
5Y trend
DLX
Peer Median
Payout Ratio
67.2%
—
Dividends Yield, payout ratio, dividend history, 5Y CAGR
Dividend Yield
5.0%
Payout Ratio
67.2%
5Y Div CAGR
—
| Ex-date | Amount |
|---|---|
| May 19, 2026 | $0.3000 |
| Feb. 9, 2026 | $0.3000 |
| Nov. 17, 2025 | $0.3000 |
| Aug. 18, 2025 | $0.3000 |
| May 19, 2025 | $0.3000 |
| Feb. 18, 2025 | $0.3000 |
| Nov. 19, 2024 | $0.3000 |
| Aug. 19, 2024 | $0.3000 |
| May 17, 2024 | $0.3000 |
| Feb. 16, 2024 | $0.3000 |
| Nov. 17, 2023 | $0.3000 |
| Aug. 18, 2023 | $0.3000 |
| May 19, 2023 | $0.3000 |
| Feb. 17, 2023 | $0.3000 |
| Nov. 18, 2022 | $0.3000 |
| Aug. 19, 2022 | $0.3000 |
| May 20, 2022 | $0.3000 |
| Feb. 18, 2022 | $0.3000 |
| Nov. 19, 2021 | $0.3000 |
| Aug. 20, 2021 | $0.3000 |
DLX Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
BUY
6 analysts
- Strong Buy 2 33.3%
- Buy 2 33.3%
- Hold 2 33.3%
- Sell 0 0.0%
- Strong Sell 0 0.0%
12-Month Price Target
3 analysts · 2026-08-15
Median
$32.00
Mean
$32.67
← Below all targets
$23.91
Low
$31.00
High
$35.00
Median target
$32.00
+33.9%
Mean target
$32.67
+36.7%
Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
Avg Surprise
0.11%
| Period | EPS Actual | EPS Est | Surprise |
|---|---|---|---|
| June 30, 2026 | $0.87 | $0.82 | 0.05% |
| March 31, 2026 | $1.05 | $0.88 | 0.17% |
| Dec. 31, 2025 | $0.96 | $0.84 | 0.12% |
| Sept. 30, 2025 | $1.09 | $0.95 | 0.14% |
| June 30, 2025 | $0.88 | $0.76 | 0.12% |
| March 31, 2025 | $0.75 | $0.72 | 0.03% |
Peer comparison (GICS sub-industry) Key metrics vs sector peers
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| DLX | $1.00B | 12.4 | 0.54% | 3.9% | 12.4% | — |
| BRC | — | — | 12.8% | 12.5% | 16.4% | 50.3% |
| EBF | — | 12.7 | -0.56% | 10.9% | 13.9% | 30.7% |
| QUAD | — | 11.6 | -9.4% | 1.1% | 196.4% | — |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement 16
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.13B | $2.12B | $2.19B | $2.24B | $2.02B | $1.79B | $2.01B | $2.00B | $1.97B | $1.85B | $1.77B | $1.67B | |
| Cost of Revenue | $1.00B | $995M | $1.03B | $1.03B | $884M | $731M | $813M | $792M | $743M | $668M | $639M | $606M | |
| Gross Profit | · | $1.13B | $1.16B | $1.21B | $1.14B | $1.06B | $1.20B | $1.21B | $1.22B | $1.18B | $1.13B | $1.07B | |
| SG&A Expense | $873M | $909M | $956M | $993M | $941M | $840M | $892M | $854M | $830M | $807M | $775M | $719M | |
| Operating Expenses | · | · | · | · | · | · | · | · | · | · | $779M | $728M | |
| Operating Income | $232M | $192M | $161M | $169M | $142M | $41M | $-188M | $231M | $329M | $367M | $354M | $333M | |
| Interest Expense | $122M | $123M | $126M | $94M | $56M | $23M | $35M | $27M | $21M | $22M | $20M | $37M | |
| Other Non-op | $9M | $8M | $5M | $9M | $7M | $9M | $7M | $9M | $5M | $4M | $3M | $1M | |
| Pretax Income | $119M | $76M | $40M | $84M | $94M | $27M | $-216M | $213M | $313M | $340M | $328M | $297M | |
| Income Tax | $37M | $24M | $14M | $19M | $31M | $21M | $8M | $63M | $83M | $111M | $109M | $97M | |
| Net Income | $82M | $53M | $26M | $65M | $63M | $5M | $-224M | $150M | $230M | $229M | $219M | $200M | |
| EPS (Basic) | $1.83 | $1.20 | $0.60 | $1.52 | $1.48 | $0.12 | $-5.20 | $3.18 | $4.75 | $4.68 | $4.39 | $3.99 | |
| EPS (Diluted) | $1.80 | $1.18 | $0.59 | $1.50 | $1.45 | $0.11 | $-5.20 | $3.16 | $4.72 | $4.65 | $4.36 | $3.96 | |
| Shares (Basic) | 44,800,000 | 44,100,000 | 43,500,000 | 43,025,000 | 42,378,000 | 41,931,000 | 43,029,000 | 46,842,000 | 48,127,000 | 48,562,000 | 49,445,000 | 49,827,000 | |
| Shares (Diluted) | 45,500,000 | 44,700,000 | 43,800,000 | 43,310,000 | 42,827,000 | 42,142,000 | 43,029,000 | 46,991,000 | 48,448,000 | 48,975,000 | 49,825,000 | 50,262,000 | |
| EBITDA | $370M | $358M | $330M | $342M | $291M | $155M | $-32M | $362M | $454M | $460M | $431M | $398M |
Balance Sheet 29
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $37M | $34M | $72M | $40M | $41M | $123M | $74M | $60M | $59M | $77M | $62M | $62M | |
| Receivables | $188M | $174M | $191M | $207M | $198M | $162M | $163M | $174M | $150M | $153M | $124M | $114M | |
| Inventory | $34M | $36M | $42M | $52M | $35M | $40M | $40M | $46M | $42M | $40M | $42M | $39M | |
| Prepaid Expense | $33M | $33M | $30M | $37M | $38M | $27M | · | · | · | · | · | · | |
| Other Current Assets | $70M | $35M | $17M | $27M | $24M | $17M | $45M | $39M | $39M | $41M | $43M | $51M | |
| Current Assets | $666M | $612M | $761M | $704M | $620M | $507M | $472M | $450M | $393M | $398M | $324M | $319M | |
| PP&E (Net) | $101M | $112M | $117M | $125M | $126M | $89M | $96M | $90M | $85M | $87M | $86M | $88M | |
| PP&E (Gross) | · | · | · | · | · | $450M | $474M | $458M | $443M | $436M | $431M | $436M | |
| Accum. Depreciation | $376M | $355M | $334M | $380M | $339M | $361M | $377M | $367M | $358M | $349M | $345M | $349M | |
| Goodwill | $1.42B | $1.42B | $1.43B | $1.43B | $1.43B | $703M | $774M | $1.16B | $1.13B | $1.11B | $976M | $868M | |
| Intangibles | $348M | $331M | $392M | $459M | $511M | $247M | $276M | $360M | $384M | $410M | $285M | $207M | |
| Other Non-current Assets | $254M | $237M | $251M | $260M | $279M | $209M | $201M | $196M | $160M | $125M | $114M | $132M | |
| Total Assets | $2.86B | $2.83B | $3.08B | $3.08B | $3.07B | $1.84B | $1.94B | $2.31B | $2.21B | $2.18B | $1.84B | $1.68B | |
| Accounts Payable | $161M | $165M | $155M | $157M | $153M | $117M | $112M | $107M | $104M | $107M | $88M | $87M | |
| Accrued Liabilities | $191M | $150M | $191M | $218M | $217M | $177M | $179M | $184M | $277M | $273M | $228M | $219M | |
| Short-term Debt | · | · | · | · | · | · | · | · | · | · | $0 | $160M | |
| Current Liabilities | $643M | $626M | $819M | $752M | $683M | $412M | $408M | $392M | $426M | $416M | $317M | $467M | |
| Capital Leases | $40M | $49M | $59M | $49M | $56M | $28M | $34M | $0 | · | · | · | · | |
| Deferred Tax | $27M | $2M | $23M | $46M | $75M | $5M | $15M | $47M | $51M | $85M | $81M | $96M | |
| Other Non-current Liabilities | $34M | $68M | $69M | $53M | $59M | $43M | $33M | $40M | $31M | $30M | $37M | $84M | |
| Long-term Debt | $1.43B | $1.50B | $1.59B | $1.64B | $1.68B | $840M | $884M | $910M | $707M | · | · | · | |
| Total Debt | $1.43B | $1.50B | $1.59B | $1.64B | $1.68B | · | · | · | · | · | $434M | $160M | |
| Common Stock | $45M | $44M | $44M | $43M | $43M | $42M | $42M | $45M | $48M | $49M | $49M | $50M | |
| Paid-in Capital | $138M | $117M | $99M | $79M | $57M | $18M | $4M | $0 | · | · | · | · | |
| Retained Earnings | $516M | $489M | $491M | $519M | $506M | $495M | $573M | $927M | $1.00B | $883M | $751M | $629M | |
| AOCI | $-18M | $-30M | $-30M | $-37M | $-31M | $-41M | $-48M | $-57M | $-38M | $-50M | $-55M | $-36M | |
| Stockholders' Equity | $681M | $621M | $605M | $604M | $575M | $513M | $547M | $915M | $1.02B | $881M | $745M | $647M | |
| Liabilities + Equity | $2.86B | $2.83B | $3.08B | $3.08B | $3.07B | $1.84B | $1.94B | $2.31B | $2.21B | $2.18B | $1.84B | $1.69B | |
| Shares Outstanding | 45,000,000 | 44,300,000 | 43,700,000 | 43,200,000 | 42,679,000 | 41,973,000 | 42,126,000 | 44,647,000 | 47,953,000 | 48,546,000 | 49,019,000 | 49,742,000 |
Cash Flow 18
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $138M | $166M | $170M | $173M | $149M | $111M | $126M | $131M | $123M | $92M | $77M | $66M | |
| Stock-based Comp | $25M | $20M | $20M | $24M | $29M | $22M | $20M | $13M | $15M | $12M | $12M | $10M | |
| Deferred Tax | $26M | $-20M | $-32M | $-29M | $18M | $-5M | $-41M | $-11M | $-39M | $2M | $-3M | $-7M | |
| Restructuring | $20M | $50M | $90M | $63M | $59M | $79M | $75M | $21M | $9M | $8M | $6M | $10M | |
| Other Non-cash | $-800.0K | $-24M | $14M | $-42M | $-48M | $81M | $376M | $57M | $10M | $-16M | $4M | $12M | |
| Operating Cash Flow | $271M | $194M | $198M | $192M | $211M | $218M | $287M | $339M | $338M | $319M | $310M | $285M | |
| CapEx | $95M | $94M | $101M | · | · | · | $67M | $62M | $47M | $47M | $43M | $41M | |
| Investing Cash Flow | $-132M | $-70M | $-43M | $-80M | $-1.07B | $-56M | $-72M | $-253M | $-181M | · | · | · | |
| Debt Issued | $441M | $1.81B | $584M | $640M | $1.88B | $309M | $242M | $1.28B | $403M | $559M | $506M | $246M | |
| Net Debt Issued | $-78M | $-82M | $-55M | $-41M | $855M | $-44M | $-26M | $201M | $-51M | $117M | $-208M | $-254M | |
| Stock Repurchased | · | · | · | $0 | $0 | $14M | $119M | $200M | $65M | $55M | $60M | $60M | |
| Net Stock Activity | · | · | · | $0 | $0 | $-14M | $-119M | $-200M | $-65M | $-55M | $-60M | $-60M | |
| Dividends Paid | $55M | $54M | $53M | $53M | $52M | $51M | $52M | $57M | $58M | $59M | $60M | $58M | |
| Financing Cash Flow | $-137M | $-267M | $-38M | $-49M | $913M | $-111M | $-190M | $-62M | $-183M | · | · | · | |
| Net Change in Cash | $4M | $-149M | $121M | $52M | $56M | $55M | $30M | $16M | $-20M | $48M | $886.0K | $-60M | |
| Taxes Paid | $31M | $46M | $46M | · | · | · | · | · | · | · | · | · | |
| Free Cash Flow | $175M | · | · | · | · | · | $220M | $277M | $291M | $273M | $265M | $239M | |
| Levered FCF | $91M | · | · | · | · | · | $183M | $258M | $275M | $258M | $251M | $215M |
Profitability 8
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | · | 53.1% | 53.0% | 53.9% | 56.3% | 59.2% | 59.5% | 60.4% | 62.3% | 63.9% | 63.9% | 63.8% | |
| Operating Margin | 10.9% | 9.1% | 7.3% | 7.6% | 7.0% | 2.5% | -7.9% | 11.6% | 16.9% | 19.9% | 20.0% | 19.9% | |
| Net Margin | 3.9% | 2.5% | 1.2% | 2.9% | 3.1% | 0.49% | -10.0% | 7.5% | 11.7% | 12.4% | 12.3% | 11.9% | |
| Pretax Margin | 5.6% | 3.6% | 1.8% | 3.8% | 4.6% | 1.7% | -9.2% | 10.6% | 15.9% | 18.4% | 18.5% | 17.8% | |
| EBITDA Margin | 17.4% | 16.9% | 15.1% | 15.3% | 14.4% | 8.7% | -1.6% | 18.1% | 23.1% | 24.9% | 24.3% | 23.8% | |
| ROA | 2.9% | 1.8% | 0.85% | 2.1% | 2.5% | 0.46% | -9.4% | 6.5% | 10.5% | 11.1% | 12.4% | 11.9% | |
| ROE | 12.4% | 8.6% | 4.3% | 10.8% | 11.1% | 1.7% | -36.5% | 16.0% | 24.3% | 28.2% | 31.4% | 33.4% | |
| ROIC | 7.6% | 6.3% | 4.8% | 5.9% | 4.2% | 2.4% | -29.8% | 17.8% | 24.0% | 28.2% | 20.0% | 27.7% |
Liquidity & Solvency 5
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.0 | 1.0 | 0.9 | 0.9 | 0.9 | 1.2 | 1.2 | 1.1 | 0.9 | 1.0 | 0.4 | 0.7 | |
| Quick Ratio | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | 0.7 | 0.6 | 0.6 | 0.5 | 0.6 | 0.2 | 0.4 | |
| Debt / Equity | 2.1 | 2.4 | 2.6 | 2.7 | 2.9 | · | · | · | · | · | 0.6 | 0.2 | |
| LT Debt / Equity | 2.1 | 2.4 | 2.5 | 2.6 | 2.8 | · | · | · | · | · | · | · | |
| Interest Coverage | 1.9 | 1.6 | 1.3 | 1.8 | 2.6 | 1.9 | -4.6 | 8.5 | 15.5 | 16.5 | 17.5 | 9.1 |
Efficiency 3
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.7 | 0.7 | 0.7 | 0.7 | 0.8 | 0.9 | 0.9 | 0.9 | 0.9 | 0.9 | 1.0 | 1.0 | |
| Inventory Turnover | 28.7 | 25.4 | 21.8 | 23.7 | 23.6 | 18.3 | 18.8 | 17.9 | 18.0 | 16.2 | 15.7 | 17.7 | |
| Receivables Turnover | 11.8 | 11.6 | 11.0 | 11.1 | 11.2 | 11.0 | 11.9 | 12.3 | 13.0 | 13.4 | 14.9 | 16.6 |
Growth Rates 10
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue YoY | 0.54% | -3.2% | -2.0% | 10.7% | 12.9% | · | · | · | · | · | · | · | |
| Revenue CAGR 3Y | -1.6% | 1.6% | 7.0% | · | · | · | · | · | · | · | · | · | |
| Revenue CAGR 5Y | 3.6% | · | · | · | · | · | · | · | · | · | · | · | |
| EPS YoY | 52.5% | 100.0% | -60.7% | 3.5% | 1218.2% | · | · | · | · | · | · | · | |
| EPS CAGR 3Y | 6.3% | -6.6% | 75.0% | · | · | · | · | · | · | · | · | · | |
| EPS CAGR 5Y | 74.9% | · | · | · | · | · | · | · | · | · | · | · | |
| Net Income YoY | 55.5% | 102.3% | -60.1% | 4.4% | 1094.4% | · | · | · | · | · | · | · | |
| Net Income CAGR 3Y | 7.9% | -5.5% | 70.7% | · | · | · | · | · | · | · | · | · | |
| Net Income CAGR 5Y | 73.4% | · | · | · | · | · | · | · | · | · | · | · | |
| Dividend CAGR 5Y | 1.7% | · | · | · | · | · | · | · | · | · | · | · |
Valuation (TTM) 16
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $2.13B | $2.12B | $2.19B | $2.24B | $2.02B | $1.79B | $2.01B | $2.00B | $1.97B | $1.85B | $1.77B | $1.67B | |
| Net Income TTM | $82M | $53M | $26M | $65M | $63M | $5M | $-224M | $150M | $230M | $229M | $219M | $200M | |
| Market Cap | $1.00B | $1.00B | $938M | $734M | $1.37B | $1.23B | $2.10B | $1.72B | $3.68B | $3.48B | $2.67B | $3.10B | |
| Enterprise Value | $2.40B | $2.47B | $2.46B | $2.34B | $3.01B | · | · | · | · | · | $3.05B | $3.19B | |
| P/E | 12.4 | 19.1 | 36.4 | 11.3 | 22.1 | 265.5 | -9.6 | 12.2 | 16.3 | 15.4 | 12.5 | 15.7 | |
| P/S | 0.5 | 0.5 | 0.4 | 0.3 | 0.7 | 0.7 | 1.0 | 0.9 | 1.9 | 1.9 | 1.5 | 1.8 | |
| P/B | 1.5 | 1.6 | 1.6 | 1.2 | 2.4 | 2.3 | 3.7 | 1.9 | 3.6 | 3.9 | 3.6 | 4.8 | |
| P / Cash Flow | 3.7 | 5.2 | 4.7 | 3.8 | 6.5 | 5.6 | 7.3 | 5.1 | 10.9 | 10.9 | 8.7 | 11.0 | |
| P / FCF | 5.7 | · | · | · | · | · | 9.6 | 6.2 | 12.7 | 12.7 | 10.1 | 12.9 | |
| EV / EBITDA | 6.5 | 6.9 | 7.4 | 6.8 | 10.4 | · | · | · | · | · | 7.1 | 8.0 | |
| EV / FCF | 13.7 | · | · | · | · | · | · | · | · | · | 11.5 | 13.4 | |
| EV / Revenue | 1.1 | 1.2 | 1.1 | 1.0 | 1.5 | · | · | · | · | · | 1.7 | 1.9 | |
| Dividend Yield | 5.5% | 5.4% | 5.7% | 7.2% | 3.8% | 4.1% | 2.5% | 3.3% | 1.6% | 1.7% | 2.2% | 1.9% | |
| Earnings Yield | 8.1% | 5.2% | 2.8% | 8.8% | 4.5% | 0.38% | -10.4% | 8.2% | 6.1% | 6.5% | 8.0% | 6.4% | |
| Payout Ratio | 67.2% | 102.6% | 204.2% | 80.5% | 82.5% | 576.1% | -25.9% | 37.9% | 25.2% | 25.6% | 27.3% | 28.8% | |
| Annual Payout | $55M | $54M | $53M | $53M | $52M | $51M | $52M | $57M | $58M | $59M | $60M | $58M |
Income Statement 15
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $499M | $538M | $535M | $540M | $521M | $536M | $521M | $528M | $538M | $535M | $537M | $538M | $572M | $545M | $564M | $555M | |
| Cost of Revenue | $240M | $259M | $256M | $249M | $242M | $256M | $248M | $247M | $249M | $251M | $254M | $255M | $270M | $251M | $263M | $256M | |
| Gross Profit | · | · | · | $291M | $279M | $281M | · | $282M | $289M | $284M | · | $283M | $302M | $295M | $301M | $299M | |
| SG&A Expense | $202M | $209M | $221M | $212M | $214M | $225M | $214M | $228M | $234M | $234M | $229M | $234M | $245M | $248M | $240M | $244M | |
| Operating Income | $56M | $72M | $48M | $76M | $61M | $48M | $47M | $42M | $59M | $44M | $51M | $22M | $54M | $34M | $45M | $42M | |
| Interest Expense | $28M | $28M | $29M | $31M | $31M | $31M | $32M | $30M | $30M | $31M | $32M | $32M | $32M | $30M | $29M | $24M | |
| Other Non-op | $2M | $2M | $3M | $2M | $2M | $2M | $1M | $2M | $2M | $3M | $36.0K | $1M | $824.0K | $2M | $2M | $3M | |
| Pretax Income | $30M | $47M | $21M | $47M | $32M | $19M | $16M | $14M | $31M | $16M | $19M | $-9M | $23M | $7M | $18M | $21M | |
| Income Tax | $11M | $11M | $9M | $13M | $9M | $5M | $3M | $5M | $10M | $6M | $4M | $-1M | $7M | $4M | $-687.0K | $6M | |
| Net Income | $19M | $36M | $12M | $34M | $22M | $14M | $13M | $9M | $20M | $11M | $15M | $-8M | $16M | $3M | $19M | $15M | |
| EPS (Basic) | $0.42 | $0.79 | $0.27 | $0.75 | $0.50 | $0.31 | $0.29 | $0.20 | $0.46 | $0.25 | $0.34 | $-0.18 | $0.38 | $0.06 | $0.44 | $0.34 | |
| EPS (Diluted) | $0.41 | $0.77 | $0.25 | $0.74 | $0.50 | $0.31 | $0.28 | $0.20 | $0.46 | $0.24 | $0.34 | $-0.18 | $0.37 | $0.06 | $0.44 | $0.34 | |
| Shares (Basic) | 45,800,000 | 45,400,000 | -89,529,000 | 44,936,000 | 44,800,000 | 44,600,000 | -88,229,000 | 44,250,000 | 44,162,000 | 43,917,000 | -87,004,000 | 43,663,000 | 43,524,000 | 43,317,000 | -85,910,000 | 43,116,000 | |
| Shares (Diluted) | 46,400,000 | 46,300,000 | -90,583,000 | 45,596,000 | 45,200,000 | 45,300,000 | -89,279,000 | 44,806,000 | 44,686,000 | 44,487,000 | -87,264,000 | 43,663,000 | 43,740,000 | 43,661,000 | -86,557,000 | 43,350,000 | |
| EBITDA | $92M | $108M | · | $108M | $94M | $83M | · | $86M | $101M | $86M | · | $60M | $97M | $78M | · | $84M |
Balance Sheet 27
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $35M | $27M | $37M | $26M | $26M | $30M | $34M | $41M | $23M | $24M | $72M | $42M | $39M | $25M | $40M | $46M | |
| Receivables | $169M | $178M | $188M | $190M | $177M | $174M | $174M | $172M | $175M | $171M | · | $204M | $212M | $222M | · | $195M | |
| Inventory | $36M | $35M | $34M | $34M | $34M | $35M | $36M | $40M | $38M | $39M | · | $49M | $55M | $54M | · | $45M | |
| Prepaid Expense | $33M | $28M | $33M | $37M | $36M | $35M | $33M | $37M | $38M | $35M | · | $32M | $33M | $34M | · | $35M | |
| Other Current Assets | $54M | $50M | $70M | $42M | $31M | $31M | $35M | $31M | $35M | $22M | · | $21M | $17M | $27M | · | $36M | |
| Current Assets | $374M | $393M | $666M | $399M | $346M | $368M | $612M | $393M | $391M | $430M | · | $537M | $549M | $555M | · | $550M | |
| PP&E (Net) | $141M | $98M | · | $103M | $104M | $107M | · | $111M | $112M | $111M | · | $121M | $127M | $125M | · | $122M | |
| Accum. Depreciation | $361M | $382M | · | $371M | $367M | $360M | · | $350M | $345M | $340M | · | $336M | $354M | $350M | · | $373M | |
| Goodwill | $1.42B | $1.42B | $1.42B | $1.42B | $1.42B | $1.42B | $1.42B | $1.42B | $1.43B | $1.43B | $1.43B | $1.43B | $1.43B | $1.43B | $1.43B | $1.43B | |
| Intangibles | $328M | $336M | $348M | $333M | $314M | $322M | $331M | $338M | $358M | $374M | · | $411M | $430M | $436M | · | $476M | |
| Other Non-current Assets | $248M | $247M | $254M | $226M | $232M | $239M | $237M | $235M | $251M | $257M | · | $263M | $266M | $273M | · | $276M | |
| Total Assets | $2.56B | $2.56B | $2.86B | $2.59B | $2.54B | $2.57B | $2.83B | $2.62B | $2.67B | $2.73B | · | $2.88B | $2.92B | $2.94B | · | $2.96B | |
| Accounts Payable | $149M | $161M | $161M | $155M | $160M | $175M | $165M | $161M | $160M | $159M | · | $163M | $175M | $158M | · | $148M | |
| Accrued Liabilities | $145M | $130M | $191M | $174M | $155M | $149M | $150M | $152M | $149M | $155M | · | $187M | $155M | $186M | · | $217M | |
| Current Liabilities | $313M | $342M | $643M | $402M | $367M | $397M | $626M | $428M | $404M | $445M | · | $588M | $571M | $579M | · | $586M | |
| Capital Leases | $36M | $39M | $40M | $40M | $44M | $47M | $49M | $52M | $52M | $55M | · | $59M | $54M | $58M | · | $52M | |
| Deferred Tax | $50M | $44M | $27M | $15M | $0 | $0 | $2M | $4M | $12M | $18M | · | $28M | $38M | $39M | · | $56M | |
| Other Non-current Liabilities | $28M | $54M | $60M | $53M | $52M | $52M | $68M | $67M | $62M | $63M | · | $64M | $65M | $61M | · | $54M | |
| Long-term Debt | $1.35B | $1.40B | $1.43B | $1.45B | $1.47B | $1.49B | $1.50B | $1.53B | $1.56B | $1.56B | · | $1.63B | $1.67B | $1.69B | · | $1.67B | |
| Total Debt | $1.35B | $1.40B | · | $1.45B | $1.47B | $1.49B | · | $1.53B | $1.56B | $1.56B | · | $1.63B | $1.67B | $1.69B | · | $1.67B | |
| Common Stock | $46M | $46M | $45M | $45M | $45M | $45M | $44M | $44M | $44M | $44M | · | $44M | $44M | $43M | · | $43M | |
| Paid-in Capital | $139M | $132M | $138M | $131M | $124M | $118M | $117M | $112M | $106M | $101M | · | $94M | $89M | $84M | · | $74M | |
| Retained Earnings | $543M | $538M | $516M | $518M | $498M | $490M | $489M | $490M | $495M | $488M | · | $490M | $511M | $508M | · | $512M | |
| AOCI | $-20M | $-19M | $-18M | $-29M | $-29M | $-30M | $-30M | $-34M | $-26M | $-26M | · | $-29M | $-31M | $-40M | $-37M | $-28M | |
| Stockholders' Equity | $708M | $697M | $681M | $664M | $639M | $622M | $621M | $613M | $620M | $608M | $605M | $599M | $614M | $596M | $604M | $602M | |
| Liabilities + Equity | $2.56B | $2.56B | $2.86B | $2.59B | $2.54B | $2.57B | $2.83B | $2.62B | $2.67B | $2.73B | · | $2.88B | $2.92B | $2.94B | · | $2.96B | |
| Shares Outstanding | 45,800,000 | 45,700,000 | 45,000,000 | 44,965,000 | 44,885,000 | 44,740,000 | 44,300,000 | 44,272,000 | 44,210,000 | 44,046,000 | 43,700,000 | 43,691,000 | 43,613,000 | 43,421,000 | 43,204,000 | 43,136,000 |
Cash Flow 13
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $36M | $37M | $37M | $32M | $34M | $35M | $38M | $44M | $42M | $42M | $45M | $39M | $43M | $44M | $44M | $42M | |
| Stock-based Comp | $6M | $7M | $7M | $6M | $6M | $5M | $5M | $5M | $5M | $5M | $5M | $5M | $5M | $6M | $5M | $6M | |
| Deferred Tax | $6M | $18M | $10M | $26M | $-5M | $-5M | $-3M | $-6M | $-6M | $-6M | $-11M | $-11M | $-3M | $-7M | $-7M | $-7M | |
| Restructuring | $2M | $4M | $5M | $3M | $4M | $8M | $13M | $11M | $11M | $15M | $20M | $29M | $27M | $14M | $16M | $15M | |
| Other Non-cash | · | $-44M | · | · | · | $298.0K | · | · | · | $-25M | · | · | · | $-52M | · | · | |
| Operating Cash Flow | $81M | $53M | $102M | $67M | $51M | $50M | $60M | $68M | $40M | $27M | $83M | $68M | $54M | $-7M | $68M | $51M | |
| CapEx | $23M | $25M | $23M | $23M | $23M | $26M | $25M | $21M | $28M | $20M | $20M | $25M | $30M | $26M | · | $28M | |
| Investing Cash Flow | $-12M | $11M | $-56M | $-32M | $-20M | $-25M | $-18M | $-7M | $-23M | $-21M | $7M | $-13M | $-12M | $-25M | $-31M | $-29M | |
| Dividends Paid | $14M | $15M | $14M | $14M | $14M | $14M | $13M | $13M | $14M | $14M | $13M | $13M | $13M | $14M | $13M | $13M | |
| Financing Cash Flow | $-76M | $-314M | $202M | $-13M | $-58M | $-269M | $185M | $-53M | $-72M | $-327M | $176M | $-53M | $-38M | $-122M | $101M | $-5M | |
| Net Change in Cash | $-8M | $-251M | $249M | $22M | $-26M | $-242M | $224M | $8M | $-57M | $-323M | $269M | $-204.0K | $6M | $-154M | $142M | $6M | |
| Free Cash Flow | · | $27M | · | · | · | $24M | · | · | · | $6M | · | · | · | $-32M | · | · | |
| Levered FCF | · | $6M | · | · | · | $2M | · | · | · | $-14M | · | · | · | $-45M | · | · |
Profitability 8
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | · | · | · | 53.9% | 53.6% | 52.4% | · | 53.3% | 53.7% | 53.0% | · | 52.6% | 52.8% | 54.0% | · | 53.8% | |
| Operating Margin | 11.2% | 13.3% | · | 14.0% | 11.7% | 9.0% | · | 7.9% | 11.0% | 8.3% | · | 4.0% | 9.5% | 6.3% | · | 7.5% | |
| Net Margin | 3.8% | 6.7% | · | 6.2% | 4.3% | 2.6% | · | 1.7% | 3.8% | 2.0% | · | -1.5% | 2.9% | 0.50% | · | 2.6% | |
| Pretax Margin | 6.0% | 8.7% | · | 8.7% | 6.1% | 3.6% | · | 2.6% | 5.8% | 3.1% | · | -1.7% | 4.0% | 1.2% | · | 3.8% | |
| EBITDA Margin | 18.4% | 20.2% | · | 20.0% | 18.1% | 15.5% | · | 16.2% | 18.8% | 16.1% | · | 11.2% | 16.9% | 14.2% | · | 15.1% | |
| ROA | 0.75% | 1.4% | · | 1.3% | 0.86% | 0.53% | · | 0.32% | 0.73% | 0.38% | · | -0.27% | 0.56% | 0.09% | · | 0.49% | |
| ROE | 2.8% | 5.4% | · | 5.3% | 3.6% | 2.3% | · | 1.5% | 3.3% | 1.8% | · | -1.3% | 2.7% | 0.47% | · | 2.5% | |
| ROIC | 1.7% | 2.6% | · | 2.6% | 2.0% | 1.7% | · | 1.3% | 1.8% | 1.4% | · | 0.84% | 1.7% | 0.64% | · | 1.3% |
Liquidity & Solvency 5
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.2 | 1.1 | · | 1.0 | 0.9 | 0.9 | · | 0.9 | 1.0 | 1.0 | · | 0.9 | 1.0 | 1.0 | · | 0.9 | |
| Quick Ratio | 0.7 | 0.6 | · | 0.5 | 0.6 | 0.5 | · | 0.5 | 0.5 | 0.4 | · | 0.4 | 0.4 | 0.4 | · | 0.4 | |
| Debt / Equity | 1.9 | 2.0 | · | 2.2 | 2.3 | 2.4 | · | 2.5 | 2.5 | 2.6 | · | 2.7 | 2.7 | 2.8 | · | 2.8 | |
| LT Debt / Equity | 1.9 | 2.0 | · | 2.1 | 2.2 | 2.3 | · | 2.4 | 2.4 | 2.5 | · | 2.6 | 2.6 | 2.7 | · | 2.7 | |
| Interest Coverage | 2.0 | 2.6 | · | 2.5 | 2.0 | 1.5 | · | 1.4 | 2.0 | 1.4 | · | 0.7 | 1.7 | 1.1 | · | 1.7 |
Efficiency 3
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | |
| Inventory Turnover | 6.9 | 7.4 | · | 6.8 | 6.7 | 7.0 | · | 5.5 | 5.4 | 5.4 | · | 5.4 | 5.8 | 5.7 | · | 6.4 | |
| Receivables Turnover | 2.9 | 3.1 | · | 3.0 | 3.0 | 3.1 | · | 2.8 | 2.8 | 2.7 | · | 2.7 | 2.9 | 2.7 | · | 3.0 |
Valuation (TTM) 14
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $2.10B | $2.14B | · | $2.13B | $2.12B | $2.14B | · | $2.14B | $2.18B | $2.19B | · | $2.21B | $2.24B | $2.22B | · | $2.21B | |
| Net Income TTM | $111M | $106M | · | $79M | $66M | $54M | · | $32M | $40M | $22M | · | $26M | $56M | $49M | · | $59M | |
| Market Cap | $1.09B | $1.26B | · | $871M | $714M | $707M | · | $863M | $993M | $907M | · | $825M | $762M | $695M | · | $718M | |
| Enterprise Value | $2.41B | $2.63B | · | $2.29B | $2.16B | $2.17B | · | $2.35B | $2.53B | $2.44B | · | $2.42B | $2.39B | $2.36B | · | $2.34B | |
| P/E | 9.9 | 11.9 | · | 11.1 | 10.8 | 13.1 | · | 27.1 | 25.2 | 42.0 | · | 32.0 | 13.8 | 14.3 | · | 12.4 | |
| P/S | 0.5 | 0.6 | · | 0.4 | 0.3 | 0.3 | · | 0.4 | 0.5 | 0.4 | · | 0.4 | 0.3 | 0.3 | · | 0.3 | |
| P/B | 1.5 | 1.8 | · | 1.3 | 1.1 | 1.1 | · | 1.4 | 1.6 | 1.5 | · | 1.4 | 1.2 | 1.2 | · | 1.2 | |
| P / Cash Flow | · | 23.9 | · | · | · | 14.1 | · | · | · | 34.1 | · | · | · | -103.6 | · | · | |
| P / FCF | · | 46.1 | · | · | · | 29.1 | · | · | · | 147.5 | · | · | · | -21.6 | · | · | |
| EV / EBITDA | 26.2 | 24.2 | · | 21.2 | 22.9 | 26.0 | · | 27.4 | 25.0 | 28.4 | · | 40.0 | 24.7 | 30.4 | · | 27.9 | |
| EV / FCF | · | 96.3 | · | · | · | 89.2 | · | · | · | 397.4 | · | · | · | -73.1 | · | · | |
| EV / Revenue | 1.1 | 1.2 | · | 1.1 | 1.0 | 1.0 | · | 1.1 | 1.2 | 1.1 | · | 1.1 | 1.1 | 1.1 | · | 1.1 | |
| Earnings Yield | 10.1% | 8.4% | · | 9.0% | 9.2% | 7.6% | · | 3.7% | 4.0% | 2.4% | · | 3.1% | 7.3% | 7.0% | · | 8.1% | |
| Payout Ratio | · | 42.7% | · | · | · | 103.7% | · | · | · | 129.2% | · | · | · | 494.8% | · | · |
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
Income Statement
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Revenue | $2.13B | $2.12B | $2.19B | $2.24B | $2.02B |
| Gross Margin % | — | 53.1% | 53.0% | 53.9% | 56.3% |
| Operating Margin % | 10.9% | 9.1% | 7.3% | 7.6% | 7.0% |
| Net Income | $82M | $53M | $26M | $65M | $63M |
| Diluted EPS | $1.80 | $1.18 | $0.59 | $1.50 | $1.45 |
Balance Sheet
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Debt / Equity | 2.1 | 2.4 | 2.6 | 2.7 | 2.9 |
| Current Ratio | 1.0 | 1.0 | 0.9 | 0.9 | 0.9 |
| Quick Ratio | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 |
Cash Flow
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Free Cash Flow | $175M | — | — | — | — |
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Institutional owners (13F) 262 filers · $617.5M 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 |
|---|---|---|---|---|
| 39 (-11 vs prior Q) | 38 (+23 vs prior Q) | 72 (-15 vs prior Q) | 83 (+10 vs prior Q) | +2.1M |
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 |
|---|---|---|---|---|
| STATE STREET CORP | $68,305,397 | 2,860,360 | 11.06% | Shares |
| DIMENSIONAL FUND ADVISORS LP | $64,631,101 | 2,706,495 | 10.47% | Shares |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $63,087,856 | 2,641,870 | 10.22% | Shares |
| DEPRINCE RACE & ZOLLO INC | $54,414,882 | 1,975,849 | 8.81% | Shares |
| VANGUARD CAPITAL MANAGEMENT LLC | $46,702,570 | 1,955,719 | 7.56% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $28,566,076 | 1,196,047 | 4.63% | Shares |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $20,498,902 | 858,413 | 3.32% | Shares |
| PRUDENTIAL FINANCIAL INC | $15,249,864 | 638,604 | 2.47% | Shares |
| Qube Research & Technologies Ltd | $12,773,699 | 534,912 | 2.07% | Shares |
| BRIDGEWAY CAPITAL MANAGEMENT, LLC | $12,674,907 | 530,775 | 2.05% | Shares |
| Bank of New York Mellon Corp | $11,137,035 | 466,375 | 1.80% | Shares |
| HENNESSY ADVISORS INC | $8,088,156 | 338,700 | 1.31% | Shares |
| FIRST TRUST ADVISORS LP | $7,308,282 | 306,042 | 1.18% | Shares |
| Connor, Clark & Lunn Investment Management Ltd. | $7,219,688 | 302,332 | 1.17% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $7,205,694 | 301,746 | 1.17% | Shares |
| TOWLE & CO | $6,480,960 | 271,397 | 1.05% | Shares |
| Artemis Investment Management LLP | $6,476,877 | 271,226 | 1.05% | Shares |
| GOLDMAN SACHS GROUP INC | $6,476,423 | 271,207 | 1.05% | Shares |
| Allianz Asset Management GmbH | $6,065,950 | 254,018 | 0.98% | Shares |
| O'SHAUGHNESSY ASSET MANAGEMENT, LLC | $6,055,467 | 253,579 | 0.98% | Shares |
| JANE STREET GROUP, LLC | $5,103,514 | 213,715 | 0.83% | Shares |
| Nuveen Asset Management, LLC | $5,045,002 | 223,329 | 0.82% | Shares |
| JUPITER ASSET MANAGEMENT LTD | $4,966,610 | 207,982 | 0.80% | Shares |
| Public Sector Pension Investment Board | $4,447,220 | 186,232 | 0.72% | Shares |
| NEW YORK STATE COMMON RETIREMENT FUND | $3,779,989 | 158,291 | 0.61% | Shares |
| VICTORY CAPITAL MANAGEMENT INC | $3,567,051 | 149,374 | 0.58% | Shares |
| Universal- Beteiligungs- und Servicegesellschaft mbH | $3,407,724 | 142,702 | 0.55% | Shares |
| INTECH INVESTMENT MANAGEMENT LLC | $3,353,421 | 140,428 | 0.54% | Shares |
| FRANKLIN RESOURCES INC | $3,352,131 | 140,374 | 0.54% | Shares |
| Vanguard Global Advisers, LLC | $3,208,756 | 134,370 | 0.52% | Shares |
| AMERICAN CENTURY COMPANIES INC | $3,200,122 | 134,007 | 0.52% | Shares |
| BANK OF AMERICA CORP /DE/ | $3,122,931 | 130,776 | 0.51% | Shares |
| UNITED CAPITAL FINANCIAL ADVISORS, LLC | $3,117,988 | 130,569 | 0.50% | Shares |
| Brandywine Global Investment Management, LLC | $3,093,598 | 138,540 | 0.50% | Shares |
| BURNEY CO/ | $2,832,741 | 118,624 | 0.46% | Shares |
| RHUMBLINE ADVISERS | $2,791,078 | 116,880 | 0.45% | Shares |
| WEDGE CAPITAL MANAGEMENT L L P/NC | $2,562,955 | 93,063 | 0.42% | Shares |
| MORGAN STANLEY | $2,442,152 | 102,267 | 0.40% | Shares |
| LAZARD ASSET MANAGEMENT LLC | $2,418,065 | 101,259 | 0.39% | Shares |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. | $2,278,606 | 95,419 | 0.37% | Shares |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM | $2,241,974 | 93,885 | 0.36% | Shares |
| SCHRODER INVESTMENT MANAGEMENT GROUP | $2,193,168 | 91,382 | 0.36% | Shares |
| ICON ADVISERS INC/CO | $2,149,200 | 90,000 | 0.35% | Shares |
| Quantinno Capital Management LP | $2,120,622 | 88,803 | 0.34% | Shares |
| Swiss National Bank | $2,113,380 | 88,500 | 0.34% | Shares |
| BlackRock, Inc. | $2,081,285 | 87,156 | 0.34% | Shares |
| VANGUARD GROUP INC | $2,079,303 | 93,117 | 0.34% | Shares |
| Kendall Capital Management | $1,881,171 | 78,776 | 0.30% | Shares |
| Integrated Quantitative Investments LLC | $1,861,470 | 77,951 | 0.30% | Shares |
| AMERIPRISE FINANCIAL INC | $1,855,762 | 77,712 | 0.30% | Shares |
| TWO SIGMA INVESTMENTS, LP | $1,846,760 | 77,335 | 0.30% | Shares |
| IEQ CAPITAL, LLC | $1,782,955 | 74,663 | 0.29% | Shares |
| VOYA INVESTMENT MANAGEMENT LLC | $1,778,344 | 74,470 | 0.29% | Shares |
| FIFTH THIRD BANCORP | $1,687,909 | 70,683 | 0.27% | Shares |
| Legal & General Group Plc | $1,666,442 | 69,784 | 0.27% | Shares |
| DENALI ADVISORS LLC | $1,623,840 | 68,000 | 0.26% | Shares |
| Campbell & CO Investment Adviser LLC | $1,600,438 | 67,020 | 0.26% | Shares |
| LPL Financial LLC | $1,574,444 | 65,932 | 0.25% | Shares |
| ALLIANCEBERNSTEIN L.P. | $1,441,829 | 52,354 | 0.23% | Shares |
| Advisors Asset Management, Inc. | $1,350,227 | 59,771 | 0.22% | Shares |
| JANE STREET GROUP, LLC | $1,349,220 | 56,500 | 0.22% | Call option |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | $1,320,681 | 47,955 | 0.21% | Shares |
| SEGALL BRYANT & HAMILL, LLC | $1,264,374 | 52,947 | 0.20% | Shares |
| Sequoia Financial Advisors, LLC | $1,223,779 | 51,247 | 0.20% | Shares |
| NOMURA ASSET MANAGEMENT INTERNATIONAL INC. | $1,196,000 | 50,100 | 0.19% | Shares |
| Engineers Gate Manager LP | $1,184,782 | 49,614 | 0.19% | Shares |
| Mork Capital Management, LLC | $1,159,135 | 48,540 | 0.19% | Shares |
| DEUTSCHE BANK AG\ | $1,111,160 | 46,531 | 0.18% | Shares |
| SummerHaven Investment Management, LLC | $1,105,095 | 46,277 | 0.18% | Shares |
| Mutual Advisors, LLC | $1,098,743 | 46,011 | 0.18% | Shares |
| Round Hill Asset Management | $1,093,895 | 45,808 | 0.18% | Shares |
| Squarepoint Ops LLC | $1,045,299 | 43,773 | 0.17% | Shares |
| VIRGINIA RETIREMENT SYSTEMS ET Al | $969,122 | 43,400 | 0.16% | Shares |
| CWM, LLC | $952,912 | 34,601 | 0.15% | Shares |
| AlphaQuest LLC | $877,212 | 39,284 | 0.14% | Shares |
| Aquatic Capital Management LLC | $849,746 | 35,584 | 0.14% | Shares |
| BAILARD, INC. | $840,576 | 35,200 | 0.14% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $838,188 | 35,100 | 0.14% | Put option |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $823,860 | 34,500 | 0.13% | Call option |
| VANGUARD ASSET MANAGEMENT, Ltd | $821,353 | 34,395 | 0.13% | Shares |
| SEI INVESTMENTS CO | $800,740 | 33,532 | 0.13% | Shares |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC | $773,984 | 31,578 | 0.13% | Shares |
| Atom Investors LP | $710,167 | 29,739 | 0.12% | Shares |
| Legato Capital Management LLC | $703,744 | 29,470 | 0.11% | Shares |
| HSBC HOLDINGS PLC | $696,865 | 29,416 | 0.11% | Shares |
| Hudson Portfolio Management LLC | $696,341 | 29,160 | 0.11% | Shares |
| State of Tennessee, Department of Treasury | $688,318 | 28,824 | 0.11% | Shares |
| Brevan Howard Capital Management LP | $651,017 | 27,262 | 0.11% | Shares |
| CITADEL ADVISORS LLC | $644,760 | 27,000 | 0.10% | Call option |
| MetLife Investment Management, LLC | $628,092 | 26,302 | 0.10% | Shares |
| MACKENZIE FINANCIAL CORP | $624,987 | 26,172 | 0.10% | Shares |
| Ipsen Advisor Group LLC | $601,689 | 25,196 | 0.10% | Shares |
| Illinois Municipal Retirement Fund | $593,179 | 24,840 | 0.10% | Shares |
| KLP KAPITALFORVALTNING AS | $568,344 | 23,800 | 0.09% | Shares |
| BNP PARIBAS FINANCIAL MARKETS | $555,998 | 23,283 | 0.09% | Shares |
| Grantham, Mayo, Van Otterloo & Co. LLC | $524,070 | 21,946 | 0.08% | Shares |
| JANUS HENDERSON GROUP PLC | $517,262 | 18,772 | 0.08% | Shares |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | $493,719 | 20,675 | 0.08% | Shares |
| Arax Advisory Partners | $488,354 | 20,450 | 0.08% | Shares |
| MERCER GLOBAL ADVISORS INC /ADV | $486,698 | 20,381 | 0.08% | Shares |
Company insiders 77 insiders · 50 officers · 23 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Barry C Mccarthy | President & CEO | Feb. 19, 2026 M | 458,524 | 0 | 0 | $0 |
| Lee J Schram | Chief Executive Officer | June 18, 2018 S | 261,872 | 0 | 0 | $0 |
| Lawrence J Mosner | Chairman and CEO | June 8, 2005 G | 109,640 | 0 | 0 | $0 |
| William C Zint | SVP, Chief Financial Officer | Feb. 19, 2026 M | 55,889 | 1 | 0 | $3,348 |
| Scott C Bomar | SVP, Chief Financial Officer | June 14, 2022 M | 7,595 | 0 | 0 | $0 |
| Keith A Bush | SVP, Chief Financial Officer | April 1, 2021 M | 16,735 | 0 | 0 | $0 |
| Richard S Greene | Sr. V.P. and CFO | Feb. 18, 2009 A | 21,635 | 0 | 0 | $0 |
| Douglas J Treff | Sr. Vice President and CFO | May 3, 2006 M | 46,355 | 0 | 0 | $0 |
| Brian Mahony | President, Merchant Services | Feb. 19, 2026 M | 2,624 | 0 | 0 | $0 |
| Kristopher D Lazzaretti | President, Data Solutions | Feb. 19, 2026 M | 28,847 | 0 | 0 | $0 |
| Debra A Bradford | President, Merchant Services | Feb. 16, 2025 M | 48,985 | 0 | 0 | $0 |
| Luann E Widener | Sr. V.P., President SS & FS | April 27, 2008 F | 33,809 | 0 | 0 | $0 |
| Richard L Schulte | Sr. V.P., President - SBS | Feb. 14, 2006 A | 33,641 | 0 | 0 | $0 |
| Guy C Feltz | Sr. V.P., President - DFS & DC | Jan. 24, 2006 A | 17,817 | 0 | 0 | $0 |
| Ronald E Eilers | President and COO | April 27, 2005 A | 45,421 | 0 | 0 | $0 |
| Yogaraj Jeyaprakasam | Chief Tech. & Digital Officer | May 13, 2026 M | 101,581 | 0 | 0 | $0 |
| Kimberly D Cross | SVP, CHRO | Feb. 19, 2026 M | 12,477 | 0 | 0 | $0 |
| Kelly Moyer | Chief Accounting Officer, PAO | Feb. 19, 2026 M | 5,083 | 0 | 0 | $0 |
| Garry L Capers | SVP, President, B2B Payments | Feb. 19, 2026 M | 63,051 | 0 | 0 | $0 |
| Tracey G Engelhardt | SVP, Division President | Feb. 19, 2026 M | 115,616 | 0 | 0 | $0 |
| Jeffrey Louis Cotter | SVP, CAO and General Counsel | Feb. 19, 2026 M | 68,564 | 0 | 0 | $0 |
| John F Rubinetti III | SVP, President B2B Payments | Aug. 15, 2025 M | 11,409 | 0 | 0 | $0 |
| Chad P Kurth | Chief Accounting Officer, PAO | April 25, 2024 M | 16,476 | 0 | 0 | $0 |
| Jean L Herrick | SVP, CHRO | March 1, 2024 M | 5,305 | 0 | 0 | $0 |
| Michael Aaron Reed | SVP, Division President | March 1, 2024 M | 18,476 | 0 | 0 | $0 |
| Amanda B Parrilli | SVP, Chief of Strategy | April 1, 2023 M | 8,505 | 0 | 0 | $0 |
| Christopher Lee Thomas | SVP, Chief Revenue Officer | March 1, 2023 M | 31,084 | 0 | 0 | $0 |
| Jane Marie Elliott | SVP, CHRO | April 11, 2022 M | 3,970 | 0 | 0 | $0 |
| Michael S Mathews | SVP, Chief Information Officer | April 1, 2022 M | 15,565 | 0 | 0 | $0 |
| Ronald Van Houwelingen | VP, Controller, PAO | March 26, 2022 M | 6,879 | 0 | 0 | $0 |
| Thomas Riccio | SVP, Division President | March 1, 2022 M | 1,892 | 0 | 0 | $0 |
| Peter J Godich | SVP, Chief of Operations | April 1, 2021 M | 13,266 | 0 | 0 | $0 |
| Amanda K Brinkman | VP, Brand and Communications | April 1, 2019 A | 4,697 | 0 | 0 | $0 |
| Malcolm Mcroberts | Senior Vice President, SBS | April 1, 2019 A | 33,635 | 0 | 0 | $0 |
| Julie M Loosbrock | Sr. V.P., Human Resources | Feb. 22, 2019 F | 11,494 | 0 | 0 | $0 |
| John D Filby | Sr. V.P., Financial Services | Jan. 22, 2019 F | 20,378 | 0 | 0 | $0 |
| Michael J Schroeder | SVP, General Counsel & Secy | Feb. 12, 2018 F | 3,586 | 0 | 0 | $0 |
| Anthony C Scarfone | Sr. VP, General Counsel & Secy | Feb. 18, 2016 M | 33,404 | 0 | 0 | $0 |
| Jeffrey J Bata | VP, Controller and CAO | June 29, 2015 F | 1,275 | 0 | 0 | $0 |
| Laura L. Radewald | Vice President, Brand | Dec. 7, 2012 M | 12,031 | 0 | 0 | $0 |
| Lynn Koldenhoven | SVP, Direct Checks | Feb. 16, 2012 A | 9,630 | 0 | 0 | $0 |
| Thomas M Morefield | Senior Vice President, FS | Sept. 3, 2011 F | 7,720 | 0 | 0 | $0 |
| David M Hemler | Senior Vice President, SBS | July 12, 2010 A | — | 0 | 0 | $0 |
| Leanne Branham | Vice President, Fulfillment | April 27, 2008 F | 9,188 | 0 | 0 | $0 |
| Jeffrey D Stoner | Sr. V.P., Human Resources | April 27, 2008 F | 8,449 | 0 | 0 | $0 |
| Michael L Degeneffe | Sr. V.P. & CIO | Feb. 20, 2008 A | 5,174 | 0 | 0 | $0 |
| Warner F Schlais | Sr. V.P. and CIO | Sept. 20, 2005 S | 8,139 | 0 | 0 | $0 |
| Stuart Alexander | V.P., Investor Relations | Aug. 24, 2005 G | 100 | 0 | 0 | $0 |
| Katherine L Miller | V.P., Controller | Jan. 25, 2005 A | 685 | 0 | 0 | $0 |
| Stephen J Berry | Sr.VP.,President-Direct Checks | July 1, 2004 D | 5,439 | 0 | 0 | $0 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
ETF ownership Held by 69 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 |
|---|---|---|---|---|
| XSVM · Invesco Exchange-Traded Fund Trust | 0.95% | 253,705 SH | Aug. 8, 2026 | Daily |
| ROSC · Lattice Strategies Trust | 0.64% | 11,341 NS | April 30, 2026 | N-PORT |
| RZV · Invesco Exchange-Traded Fund Trust | 0.61% | 75,380 SH | Aug. 8, 2026 | Daily |
| FYT · First Trust Exchange-Traded AlphaDE… | 0.54% | 31,741 NS | April 30, 2026 | N-PORT |
| ESSC · Strategy Shares | 0.42% | 3,471 NS | April 30, 2026 | N-PORT |
| PSCI · Invesco Exchange-Traded Fund Trust … | 0.34% | 26,699 SH | Aug. 8, 2026 | Daily |
| AFSM · First Trust Exchange-Traded Fund VI… | 0.31% | 12,735 NS | May 31, 2026 | N-PORT |
| FYX · First Trust Exchange-Traded AlphaDE… | 0.26% | 100,835 NS | April 30, 2026 | N-PORT |
| SMDX · Tidal Trust III | 0.21% | 8,399 NS | April 30, 2026 | N-PORT |
| VFVA · VANGUARD WELLINGTON FUND | 0.17% | 61,583 SH | Aug. 8, 2026 | Daily |
| VFMF · VANGUARD WELLINGTON FUND | 0.15% | 44,982 SH | Aug. 8, 2026 | Daily |
| RWJ · Invesco Exchange-Traded Fund Trust … | 0.14% | 118,714 SH | Aug. 8, 2026 | Daily |
| GSSC · Goldman Sachs ETF Trust | 0.14% | 57,163 NS | May 31, 2026 | N-PORT |
| IJS · iShares Trust | 0.13% | 409,565 SH | Aug. 8, 2026 | Daily |
| VIOV · VANGUARD ADMIRAL FUNDS | 0.12% | 97,150 SH | Aug. 8, 2026 | Daily |
| DFSV · Dimensional ETF Trust | 0.12% | 281,963 NS | April 30, 2026 | N-PORT |
| FNDA · SCHWAB STRATEGIC TRUST | 0.12% | 424,015 NS | May 31, 2026 | N-PORT |
| FAB · First Trust Exchange-Traded AlphaDE… | 0.11% | 4,907 NS | April 30, 2026 | N-PORT |
| AVSC · AMERICAN CENTURY ETF TRUST | 0.09% | 105,175 NS | May 31, 2026 | N-PORT |
| SMLF · iShares Trust | 0.08% | 125,383 SH | Aug. 8, 2026 | Daily |
| FSMD · FIDELITY COVINGTON TRUST | 0.08% | 57,699 NS | April 30, 2026 | N-PORT |
| IWN · iShares Trust | 0.08% | 421,620 SH | Aug. 8, 2026 | Daily |
| XJR · iShares Trust | 0.07% | 5,407 SH | Aug. 8, 2026 | Daily |
| QVMS · Invesco Exchange-Traded Fund Trust … | 0.07% | 7,489 SH | Aug. 8, 2026 | Daily |
| DFAT · Dimensional ETF Trust | 0.07% | 319,619 NS | April 30, 2026 | N-PORT |
| VTWV · VANGUARD SCOTTSDALE FUNDS | 0.07% | 39,121 SH | Aug. 8, 2026 | Daily |
| IJR · iShares Trust | 0.07% | 2,793,429 SH | Aug. 8, 2026 | Daily |
| VFMO · VANGUARD WELLINGTON FUND | 0.06% | 49,909 SH | Aug. 8, 2026 | Daily |
| VIOO · VANGUARD ADMIRAL FUNDS | 0.06% | 159,780 SH | Aug. 8, 2026 | Daily |
| SAA · ProShares Trust | 0.05% | 538 NS | May 31, 2026 | N-PORT |
| PRFZ · Invesco Exchange-Traded Fund Trust | 0.05% | 51,965 SH | Aug. 8, 2026 | Daily |
| RSSL · Global X Funds | 0.04% | 19,147 NS | April 30, 2026 | N-PORT |
| JSTC · Tidal Trust I | 0.04% | 5,280 NS | May 31, 2026 | N-PORT |
| DFAS · Dimensional ETF Trust | 0.04% | 169,839 NS | April 30, 2026 | N-PORT |
| IWM · iShares Trust | 0.04% | 1,162,919 SH | Aug. 8, 2026 | Daily |
| ISCV · iShares Trust | 0.04% | 9,957 SH | Aug. 8, 2026 | Daily |
| VTWO · VANGUARD SCOTTSDALE FUNDS | 0.03% | 258,773 SH | Aug. 8, 2026 | Daily |
| EBI · RBB Fund Trust | 0.03% | 7,418 NS | May 31, 2026 | N-PORT |
| ITWO · ProShares Trust | 0.03% | 2,082 NS | May 31, 2026 | N-PORT |
| SCHA · SCHWAB STRATEGIC TRUST | 0.02% | 214,118 NS | May 31, 2026 | N-PORT |
| VBR · VANGUARD INDEX FUNDS | 0.02% | 633,608 SH | Aug. 8, 2026 | Daily |
| FIDU · FIDELITY COVINGTON TRUST | 0.02% | 13,268 NS | April 30, 2026 | N-PORT |
| ISCB · iShares Trust | 0.02% | 1,916 SH | Aug. 8, 2026 | Daily |
| UWM · ProShares Trust | 0.02% | 1,629 NS | May 31, 2026 | N-PORT |
| TILT · FlexShares Trust | 0.02% | 9,899 NS | April 30, 2026 | N-PORT |
| WSML · iShares Trust | 0.01% | 3,194 SH | Aug. 8, 2026 | Daily |
| URTY · ProShares Trust | 0.01% | 1,649 NS | May 31, 2026 | N-PORT |
| DXUV · Dimensional ETF Trust | 0.01% | 1,394 NS | April 30, 2026 | N-PORT |
| VXF · VANGUARD INDEX FUNDS | 0.01% | 525,803 SH | Aug. 8, 2026 | Daily |
| VB · VANGUARD INDEX FUNDS | 0.01% | 1,000,971 SH | Aug. 8, 2026 | Daily |