EMBC Embecta Corp. - Common Stock
$5.32
Price · Aug 19, 2026
Fundamentals as of Aug 7, 2026
52W Range
$3–$16
20% of range
Analyst Rating
HOLD
9 analysts
Price Target
$4
P/E (TTM)
3.3
ROE
-13.8%
Net Profit Margin
8.8%
EMBC Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
Price
$5.32
Market Cap
$315M
P/E (TTM)
3.3
EPS (TTM)
$1.62
Revenue (TTM)
$1.08B
Div Yield
11.1%
ROE
-13.8%
Debt/Equity
-2.1
52W Range
$3 – $16
EMBC Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view
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10-Year Performance Revenue, net income, margins and EPS trends
Revenue & Net Income
$1.08B
2020-09-30
→
2025-09-30
EPS
$1.62
2020-09-30
→
2025-09-30
Free Cash Flow
$182M
2022-09-30
→
2025-09-30
Margins
8.8%
2022-09-30
→
2025-09-30
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
Metric
5Y trend
EMBC
Peer Median
P/E (TTM)
3.3
8.9
P/S (TTM)
0.3
2.0
P/B
-0.5
1.8
EV / EBITDA
5.3
—
Price / FCF
1.7
—
Profitability Gross, operating and net margins; ROE, ROA, ROIC
Metric
5Y trend
EMBC
Peer Median
Gross Margin
62.6%
64.8%
Operating Margin
22.4%
—
Net Profit Margin
8.8%
-22.6%
ROA
8.0%
-10.2%
ROE
-13.8%
-14.7%
ROIC
22.7%
—
Financial Health Debt, liquidity, solvency — balance sheet strength
Metric
5Y trend
EMBC
Peer Median
Debt / Equity
-2.1
0.0
Current Ratio
2.4
4.7
Quick Ratio
1.4
—
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
Metric
5Y trend
EMBC
Peer Median
Revenue YoY
-3.8%
—
Revenue CAGR 3Y
-1.5%
—
Revenue CAGR 5Y
-0.09%
—
EPS YoY
20.9%
—
Net Income YoY
21.8%
—
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
Metric
5Y trend
EMBC
Peer Median
Payout Ratio
36.7%
—
Dividends Yield, payout ratio, dividend history, 5Y CAGR
Dividend Yield
11.1%
Payout Ratio
36.7%
5Y Div CAGR
—
| Ex-date | Amount |
|---|---|
| May 28, 2026 | $0.0100 |
| Feb. 27, 2026 | $0.1500 |
| Dec. 5, 2025 | $0.1500 |
| Aug. 29, 2025 | $0.1500 |
| May 28, 2025 | $0.1500 |
| Feb. 28, 2025 | $0.1500 |
| Dec. 6, 2024 | $0.1500 |
| Aug. 27, 2024 | $0.1500 |
| May 24, 2024 | $0.1500 |
| Feb. 27, 2024 | $0.1500 |
| Dec. 1, 2023 | $0.1500 |
| Aug. 24, 2023 | $0.1500 |
| May 25, 2023 | $0.1500 |
| Feb. 24, 2023 | $0.1500 |
| Dec. 29, 2022 | $0.1500 |
| Aug. 25, 2022 | $0.1500 |
EMBC Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
SELL
9 analysts
- Strong Buy 0 0.0%
- Buy 0 0.0%
- Hold 5 55.6%
- Sell 2 22.2%
- Strong Sell 2 22.2%
12-Month Price Target
2 analysts · 2026-08-16
Median
$4.00
Above all targets →
$5.32
Low
$3.00
High
$5.00
Median target
$4.00
-24.7%
Mean target
$4.00
-24.7%
Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
Avg Surprise
0.13%
| Period | EPS Actual | EPS Est | Surprise |
|---|---|---|---|
| Sept. 30, 2026 | $0.56 | $0.27 | 0.29% |
| June 30, 2026 | $0.56 | $0.27 | 0.29% |
| March 31, 2026 | $0.27 | $0.43 | -0.16% |
| Dec. 31, 2025 | $0.71 | $0.68 | 0.03% |
| Sept. 30, 2025 | $0.50 | $0.55 | -0.05% |
| June 30, 2025 | $1.12 | $0.79 | 0.33% |
| March 31, 2025 | $0.70 | $0.54 | 0.16% |
Peer comparison (GICS sub-industry) Key metrics vs sector peers
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| EMBC | $825M | 8.7 | -3.8% | 8.8% | -13.8% | 62.6% |
| KIDS | $446M | -10.5 | 15.4% | -16.8% | -11.3% | 73.0% |
| CERS | $396M | -25.8 | 16.1% | -6.7% | -26.0% | — |
| SMTI | $209M | -5.4 | 19.0% | -36.4% | -165.7% | 92.7% |
| RXST | $430M | -11.0 | -3.9% | -29.0% | -14.0% | 76.6% |
| OSUR | $170M | -2.6 | -38.1% | -59.8% | -19.1% | 41.9% |
| UTMD | $178M | 16.1 | -5.8% | 29.3% | 9.5% | 57.1% |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement 16
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Revenue | $1.08B | $1.12B | $1.12B | $1.13B | $1.17B | $1.09B | |
| Cost of Revenue | $404M | $388M | $371M | $355M | $365M | $323M | |
| Gross Profit | $677M | $735M | $750M | $775M | $800M | $763M | |
| R&D Expense | $37M | $79M | $85M | $67M | $63M | $61M | |
| SG&A Expense | $332M | $365M | $341M | $295M | $240M | $215M | |
| Operating Expenses | $435M | $568M | $528M | $465M | $308M | $276M | |
| Operating Income | $242M | $167M | $222M | $310M | $492M | $486M | |
| Other Non-op | $2M | $-10M | $-9M | $-7M | $3M | $-700.0K | |
| Pretax Income | $136M | $44M | $106M | $257M | $495M | $486M | |
| Income Tax | $41M | $-34M | $35M | $33M | $80M | $58M | |
| Net Income | $95M | $78M | $70M | $224M | $415M | $428M | |
| EPS (Basic) | $1.64 | $1.36 | $1.23 | $3.92 | $7.28 | $7.50 | |
| EPS (Diluted) | $1.62 | $1.34 | $1.22 | $3.89 | $7.28 | $7.50 | |
| Shares (Basic) | 58,309,000 | 57,681,000 | 57,248,000 | 57,024,000 | 57,013,000 | 57,013,000 | |
| Shares (Diluted) | 58,915,000 | 58,326,000 | 57,758,000 | 57,461,000 | 57,013,000 | 57,013,000 | |
| EBITDA | $283M | $203M | · | $341M | · | · |
Balance Sheet 25
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $226M | $268M | $326M | $331M | $0 | $0 | |
| Receivables | $146M | $193M | $17M | $22M | $151M | · | |
| Inventory | $179M | $172M | $152M | $123M | $118M | · | |
| Other Current Assets | $75M | $68M | $111M | $78M | $23M | · | |
| Current Assets | $631M | $761M | $749M | $665M | $292M | · | |
| PP&E (Net) | · | · | · | · | $451M | · | |
| PP&E (Gross) | · | · | · | · | $892M | · | |
| Accum. Depreciation | · | · | · | · | $441M | · | |
| Goodwill | $15M | $16M | $16M | $16M | $16M | · | |
| Intangibles | $7M | $8M | $9M | $9M | $18M | · | |
| Other Non-current Assets | · | · | · | · | $11M | · | |
| Total Assets | $1.09B | $1.29B | $1.21B | $1.09B | $788M | · | |
| Accounts Payable | · | · | · | · | $54M | · | |
| Accrued Liabilities | $99M | $134M | $118M | $104M | $82M | · | |
| Current Liabilities | $262M | $374M | $354M | $301M | $164M | · | |
| Capital Leases | $10M | $12M | $15M | $4M | $3M | · | |
| Long-term Debt | $1.40B | $1.57B | $1.60B | $1.61B | $0 | · | |
| Total Debt | $1.40B | $1.57B | · | $1.61B | · | · | |
| Common Stock | $600.0K | $600.0K | $600.0K | $600.0K | · | · | |
| Paid-in Capital | $80M | $52M | $28M | $10M | · | · | |
| Retained Earnings | $-446M | $-499M | $-541M | $-577M | · | · | |
| AOCI | $-286M | $-293M | $-309M | $-325M | $-270M | · | |
| Stockholders' Equity | $-651M | $-738M | $-822M | $-891M | $594M | $572M | |
| Liabilities + Equity | $1.09B | $1.29B | $1.21B | $1.09B | $788M | · | |
| Shares Outstanding | 58,496,113 | 57,707,285 | 57,333,353 | 57,055,327 | 0 | · |
Cash Flow 16
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| D&A | $41M | $36M | $33M | $32M | $38M | $38M | |
| Stock-based Comp | $32M | $26M | $22M | $19M | $13M | $13M | |
| Deferred Tax | $18M | $-71M | $14M | $-26M | $-3M | $-2M | |
| Amort. of Intangibles | $1M | $1M | $1M | $700.0K | $300.0K | $300.0K | |
| Restructuring | $38M | · | · | · | · | · | |
| Other Non-cash | $6M | $-34M | · | $165M | · | · | |
| Operating Cash Flow | $192M | $36M | $68M | $412M | $456M | $498M | |
| CapEx | $9M | $16M | $26M | $24M | $37M | $42M | |
| Investing Cash Flow | $-9M | $-16M | $-26M | $-24M | $-39M | $-42M | |
| Debt Issued | · | $0 | $0 | $1.45B | $0 | $0 | |
| Net Debt Issued | $-185M | $-35M | · | $1.45B | · | · | |
| Dividends Paid | $35M | $34M | $34M | $9M | $0 | $0 | |
| Financing Cash Flow | $-227M | $-73M | $-49M | $-48M | $-417M | $-457M | |
| Net Change in Cash | $-46M | $-52M | $-4M | $331M | $0 | $0 | |
| Taxes Paid | $50M | $29M | $30M | $16M | · | · | |
| Free Cash Flow | $182M | $20M | · | $389M | · | · |
Profitability 8
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Gross Margin | 62.6% | 65.5% | · | 68.6% | · | · | |
| Operating Margin | 22.4% | 14.8% | · | 27.4% | · | · | |
| Net Margin | 8.8% | 7.0% | · | 19.8% | · | · | |
| Pretax Margin | 12.6% | 3.9% | · | 22.7% | · | · | |
| EBITDA Margin | 26.2% | 18.1% | · | 30.2% | · | · | |
| ROA | 8.0% | 6.3% | · | 23.9% | · | · | |
| ROE | -13.8% | -10.4% | · | -25.7% | · | · | |
| ROIC | 22.7% | 35.3% | · | 37.7% | · | · |
Liquidity & Solvency 4
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Current Ratio | 2.4 | 2.0 | · | 2.2 | · | · | |
| Quick Ratio | 1.4 | 1.2 | · | 1.2 | · | · | |
| Debt / Equity | -2.1 | -2.1 | · | -1.8 | · | · | |
| LT Debt / Equity | -2.1 | -2.1 | · | -1.8 | · | · |
Efficiency 3
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.9 | 0.9 | · | 1.2 | · | · | |
| Inventory Turnover | 2.3 | 2.4 | · | 2.9 | · | · | |
| Receivables Turnover | 6.4 | 10.7 | · | 13.1 | · | · |
Growth Rates 9
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Revenue YoY | -3.8% | 0.21% | -0.77% | -3.1% | 7.3% | · | |
| Revenue CAGR 3Y | -1.5% | -1.2% | 1.1% | · | · | · | |
| Revenue CAGR 5Y | -0.09% | · | · | · | · | · | |
| EPS YoY | 20.9% | 9.8% | -68.6% | -46.6% | -2.9% | · | |
| EPS CAGR 3Y | -25.3% | -43.1% | -45.4% | · | · | · | |
| EPS CAGR 5Y | -26.4% | · | · | · | · | · | |
| Net Income YoY | 21.8% | 11.2% | -68.5% | -46.1% | -3.0% | · | |
| Net Income CAGR 3Y | -24.7% | -42.6% | -45.2% | · | · | · | |
| Net Income CAGR 5Y | -25.9% | · | · | · | · | · |
Valuation (TTM) 16
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Revenue TTM | $1.08B | $1.12B | $1.12B | $1.13B | · | · | |
| Net Income TTM | $95M | $78M | $70M | $224M | · | · | |
| Market Cap | $825M | $814M | · | $1.64B | · | · | |
| Enterprise Value | $2.00B | $2.12B | · | $2.92B | · | · | |
| P/E | 8.7 | 10.5 | 12.3 | 7.4 | · | · | |
| P/S | 0.8 | 0.7 | · | 1.5 | · | · | |
| P/B | -1.3 | -1.1 | · | -1.8 | · | · | |
| P / Cash Flow | 4.3 | 22.8 | · | 4.0 | · | · | |
| P / FCF | 4.5 | 40.9 | · | 4.2 | · | · | |
| EV / EBITDA | 7.1 | 10.4 | · | 8.6 | · | · | |
| EV / FCF | 11.0 | 106.6 | · | 7.5 | · | · | |
| EV / Revenue | 1.8 | 1.9 | · | 2.6 | · | · | |
| Dividend Yield | 4.2% | 4.2% | · | 0.52% | · | · | |
| Earnings Yield | 11.5% | 9.5% | 8.1% | 13.5% | · | · | |
| Payout Ratio | 36.7% | 44.1% | · | 3.9% | · | · | |
| Annual Payout | $35M | $34M | $34M | $9M | · | · |
Income Statement 16
| Metric | Trend | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $272M | $222M | $261M | $264M | $296M | $259M | $262M | $286M | $272M | $287M | $277M | $282M | $286M | $277M | $276M | $275M | |
| Cost of Revenue | $118M | $94M | $100M | $106M | $98M | $95M | $105M | $112M | $82M | $102M | $91M | $100M | $97M | $87M | $87M | $98M | |
| Gross Profit | $153M | $128M | $162M | $158M | $197M | $164M | $157M | $174M | $190M | $185M | $186M | $182M | $190M | $190M | $189M | $177M | |
| R&D Expense | $6M | $5M | $5M | $5M | $4M | $8M | $20M | $20M | $20M | $18M | $20M | $24M | $23M | $22M | $17M | $18M | |
| SG&A Expense | $79M | $76M | $78M | $87M | $84M | $80M | $81M | $97M | $86M | $92M | $90M | $96M | $88M | $85M | $73M | $82M | |
| Operating Expenses | $105M | $93M | $78M | $102M | $103M | $101M | $128M | $148M | $134M | $146M | $140M | $156M | $138M | $134M | $100M | $180M | |
| Operating Income | $49M | $35M | $83M | $56M | $94M | $63M | $29M | $26M | $56M | $39M | $46M | $26M | $51M | $56M | $89M | $-3M | |
| Other Non-op | $3M | $-3M | $-300.0K | $-1M | $5M | $-400.0K | $-2M | $-4M | $-1M | $-2M | $-4M | $7M | $-4M | $-4M | $-7M | $-3M | |
| Pretax Income | $28M | $10M | $59M | $29M | $72M | $36M | $-700.0K | $-7M | $27M | $10M | $14M | $5M | $20M | $24M | $56M | $-28M | |
| Income Tax | $6M | $14M | $15M | $3M | $27M | $12M | $-700.0K | $-22M | $12M | $-19M | $-6M | $-1M | $5M | $10M | $21M | $-10M | |
| Net Income | $21M | $-4M | $44M | $26M | $46M | $24M | $0 | $15M | $15M | $29M | $20M | $6M | $15M | $14M | $35M | $-17M | |
| EPS (Basic) | $0.36 | $-0.07 | $0.75 | $0.46 | $0.78 | $0.40 | $0.00 | $0.26 | $0.25 | $0.50 | $0.35 | $0.10 | $0.27 | $0.24 | $0.62 | $-0.27 | |
| EPS (Diluted) | $0.36 | $-0.07 | $0.74 | $0.44 | $0.78 | $0.40 | $0.00 | $0.24 | $0.25 | $0.50 | $0.35 | $0.11 | $0.26 | $0.24 | $0.61 | $-0.29 | |
| Shares (Basic) | 58,479,000 | 59,299,000 | 58,796,000 | -116,423,000 | 58,490,000 | 58,290,000 | 57,952,000 | -115,260,000 | 57,768,000 | 57,687,000 | 57,486,000 | -114,421,000 | 57,296,000 | 57,260,000 | 57,113,000 | -115,589,000 | |
| Shares (Diluted) | 58,512,000 | 59,299,000 | 59,290,000 | -116,749,000 | 58,495,000 | 58,547,000 | 58,622,000 | -114,955,000 | 57,842,000 | 57,807,000 | 57,632,000 | -114,821,000 | 57,582,000 | 57,513,000 | 57,484,000 | -115,557,000 | |
| EBITDA | $49M | $35M | $94M | · | $94M | $63M | $38M | · | $56M | $39M | $54M | · | $51M | $56M | $96M | · |
Balance Sheet 20
| Metric | Trend | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $215M | $185M | $201M | $226M | $231M | $209M | $210M | $268M | $275M | $300M | $299M | · | $317M | $346M | $385M | · | |
| Receivables | $182M | $147M | $159M | $146M | $183M | $186M | $181M | $193M | $172M | $124M | $96M | · | $21M | $19M | $20M | · | |
| Inventory | $214M | $193M | $182M | $179M | $190M | $169M | $169M | $172M | $186M | $153M | $149M | · | $170M | $158M | $143M | · | |
| Other Current Assets | $90M | $75M | $75M | $75M | $65M | $59M | $61M | $68M | $70M | $83M | $65M | · | $110M | $100M | $90M | · | |
| Current Assets | $705M | $608M | $620M | $631M | $682M | $643M | $667M | $761M | $781M | $710M | $720M | · | $788M | $756M | $762M | · | |
| Goodwill | $40M | $15M | $15M | $15M | $15M | $16M | $16M | $16M | $16M | $16M | $16M | · | $16M | $16M | $16M | · | |
| Intangibles | $48M | $6M | $7M | $7M | $7M | $8M | $8M | $8M | $8M | $9M | $9M | · | $9M | $8M | $9M | · | |
| Total Assets | $1.27B | $1.03B | $1.06B | $1.09B | $1.16B | $1.12B | $1.15B | $1.29B | $1.27B | $1.20B | $1.22B | · | $1.25B | $1.21B | $1.20B | · | |
| Accrued Liabilities | $139M | $114M | $112M | $99M | $129M | $123M | $127M | $134M | $142M | $120M | $122M | · | $160M | $147M | $157M | · | |
| Current Liabilities | $420M | $247M | $235M | $262M | $276M | $259M | $298M | $374M | $371M | $310M | $327M | · | $386M | $358M | $370M | · | |
| Capital Leases | $9M | $9M | $10M | $10M | $11M | $11M | $11M | $12M | $14M | $14M | $14M | · | $15M | $15M | $5M | · | |
| Long-term Debt | $1.46B | $1.33B | $1.36B | $1.40B | $1.47B | $1.52B | $1.54B | $1.57B | $1.60B | $1.60B | $1.60B | · | $1.60B | $1.61B | $1.61B | · | |
| Total Debt | $1.46B | $1.33B | $1.36B | · | $1.47B | $1.52B | $1.54B | · | $1.60B | $1.60B | $1.60B | · | $1.60B | $1.61B | $1.61B | · | |
| Common Stock | $600.0K | $600.0K | $600.0K | $600.0K | $600.0K | $600.0K | $600.0K | $600.0K | $600.0K | $600.0K | $600.0K | · | $600.0K | $600.0K | $600.0K | · | |
| Paid-in Capital | $84M | $88M | $82M | $80M | $70M | $65M | $58M | $52M | $46M | $40M | $33M | · | $23M | $18M | $13M | · | |
| Retained Earnings | $-404M | $-425M | $-411M | $-446M | $-457M | $-494M | $-508M | $-499M | $-504M | $-510M | $-530M | · | $-538M | $-545M | $-550M | · | |
| AOCI | $-293M | $-290M | $-284M | $-286M | $-283M | $-308M | $-320M | $-293M | $-306M | $-300M | $-298M | · | $-295M | $-296M | $-299M | · | |
| Stockholders' Equity | $-613M | $-626M | $-613M | $-651M | $-670M | $-736M | $-769M | $-738M | $-764M | $-770M | $-794M | $-822M | $-809M | $-823M | $-836M | $-891M | |
| Liabilities + Equity | $1.27B | $1.03B | $1.06B | $1.09B | $1.16B | $1.12B | $1.15B | $1.29B | $1.27B | $1.20B | $1.22B | · | $1.25B | $1.21B | $1.20B | · | |
| Shares Outstanding | 56,659,599 | 59,327,677 | 59,211,992 | 58,496,113 | 58,473,127 | 58,327,015 | 58,131,759 | 57,707,285 | 57,676,467 | 57,661,433 | 57,573,497 | 57,333,353 | 57,302,056 | 57,287,537 | 57,213,757 | 57,055,327 |
Cash Flow 14
| Metric | Trend | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $11M | $10M | $10M | $13M | $9M | $9M | $9M | $10M | $9M | $9M | $9M | $9M | $8M | $8M | $7M | $8M | |
| Stock-based Comp | $4M | $6M | $6M | $10M | $6M | $7M | $9M | $6M | $6M | $6M | $7M | $5M | $5M | $6M | $6M | $4M | |
| Deferred Tax | $2M | $6M | $3M | $6M | $6M | $3M | $2M | $-28M | $-3M | $-23M | $-17M | $12M | $1M | $-200.0K | $1M | $-27M | |
| Restructuring | $0 | $0 | $0 | $100.0K | $1M | $10M | $27M | · | · | · | · | · | · | · | $400.0K | · | |
| Other Non-cash | · | · | $-46M | · | · | · | $-26M | · | · | · | $-32M | · | · | · | $11M | · | |
| Operating Cash Flow | $42M | $31M | $17M | $84M | $81M | $32M | $-5M | $27M | $-2M | $24M | $-13M | $30M | $-9M | $-13M | $60M | $58M | |
| CapEx | $1M | $500.0K | $600.0K | $7M | $400.0K | $100.0K | $2M | $0 | $10M | $3M | $3M | $9M | $7M | $6M | $5M | $9M | |
| Investing Cash Flow | $-130M | $-500.0K | $10M | $-7M | $-400.0K | $-100.0K | $-2M | $0 | $-10M | $-3M | $-3M | $-9M | $-7M | $-6M | $-5M | $-9M | |
| Debt Issued | · | · | · | · | · | · | · | · | · | · | · | · | $0 | · | · | $0 | |
| Net Debt Issued | · | · | $-38M | · | · | · | $-32M | · | · | · | $-2M | · | · | · | $-2M | · | |
| Dividends Paid | $600.0K | $9M | $9M | $9M | $9M | $9M | $9M | $9M | $9M | $9M | $9M | $9M | $9M | $17M | $0 | $9M | |
| Financing Cash Flow | $112M | $-42M | $-52M | $-82M | $-63M | $-37M | $-45M | $-37M | $-12M | $-12M | $-14M | $-10M | $-12M | $-21M | $-6M | $-7M | |
| Net Change in Cash | $25M | $-11M | $-24M | $-5M | $21M | $-4M | $-58M | $-8M | $-25M | $8M | $-28M | $9M | $-29M | $-39M | $54M | $39M | |
| Free Cash Flow | · | · | $17M | · | · | · | $-7M | · | · | · | $-16M | · | · | · | $56M | · |
Profitability 8
| Metric | Trend | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 56.4% | 57.6% | 61.9% | · | 66.7% | 63.4% | 60.0% | · | 69.8% | 64.5% | 67.0% | · | 66.2% | 68.5% | 68.5% | · | |
| Operating Margin | 17.9% | 15.8% | 31.9% | · | 31.8% | 24.3% | 11.0% | · | 20.5% | 13.7% | 16.4% | · | 17.9% | 20.1% | 32.2% | · | |
| Net Margin | 7.8% | -1.8% | 16.9% | · | 15.4% | 9.1% | 0.00% | · | 5.4% | 10.1% | 7.2% | · | 5.3% | 5.1% | 12.8% | · | |
| Pretax Margin | 10.2% | 4.3% | 22.6% | · | 24.4% | 13.8% | -0.27% | · | 9.9% | 3.5% | 5.2% | · | 7.0% | 8.8% | 20.3% | · | |
| EBITDA Margin | 17.9% | 15.8% | 35.8% | · | 31.8% | 24.3% | 14.5% | · | 20.5% | 13.7% | 19.6% | · | 17.9% | 20.1% | 34.8% | · | |
| ROA | 1.7% | -0.38% | 4.0% | · | 3.8% | 2.0% | 0.00% | · | 1.2% | 2.4% | 1.7% | · | 1.3% | 1.4% | 3.6% | · | |
| ROE | -3.3% | 0.60% | -6.4% | · | -6.3% | -3.1% | 0.00% | · | -1.9% | -3.6% | -2.5% | · | -1.8% | -1.6% | -24.6% | · | |
| ROIC | 4.4% | -2.2% | 8.3% | · | 7.4% | 5.3% | 0.00% | · | 3.6% | 13.8% | 7.9% | · | 4.9% | 4.1% | 7.2% | · |
Liquidity & Solvency 4
| Metric | Trend | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.7 | 2.5 | 2.6 | · | 2.5 | 2.5 | 2.2 | · | 2.1 | 2.3 | 2.2 | · | 2.0 | 2.1 | 2.1 | · | |
| Quick Ratio | 0.9 | 1.3 | 1.5 | · | 1.5 | 1.5 | 1.3 | · | 1.2 | 1.4 | 1.2 | · | 0.9 | 1.0 | 1.1 | · | |
| Debt / Equity | -2.4 | -2.1 | -2.2 | · | -2.2 | -2.1 | -2.0 | · | -2.1 | -2.1 | -2.0 | · | -2.0 | -2.0 | -1.9 | · | |
| LT Debt / Equity | -2.1 | -2.1 | -2.2 | · | -2.2 | -2.0 | -2.0 | · | -2.1 | -2.1 | -2.0 | · | -2.0 | -1.9 | -1.9 | · |
Efficiency 3
| Metric | Trend | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.2 | 0.2 | 0.2 | · | 0.2 | 0.2 | 0.2 | · | 0.2 | 0.2 | 0.2 | · | 0.2 | 0.3 | 0.3 | · | |
| Inventory Turnover | 0.6 | 0.5 | 0.6 | · | 0.5 | 0.6 | 0.7 | · | 0.5 | 0.7 | 0.6 | · | 0.6 | 0.6 | 0.7 | · | |
| Receivables Turnover | 1.5 | 1.3 | 1.5 | · | 1.7 | 1.7 | 1.9 | · | 2.8 | 4.0 | 4.8 | · | 13.2 | 16.2 | 4.0 | · |
Valuation (TTM) 14
| Metric | Trend | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $1.05B | $1.04B | $1.08B | · | $1.09B | $1.08B | $1.10B | · | $1.12B | $1.13B | $1.12B | · | $1.13B | $1.12B | $1.13B | · | |
| Net Income TTM | $107M | $109M | $113M | · | $84M | $67M | $64M | · | $79M | $78M | $84M | · | $127M | $191M | $276M | · | |
| Market Cap | $185M | $524M | $703M | · | $567M | $744M | $1.20B | · | $721M | $765M | $1.09B | · | $1.24B | $1.61B | $1.45B | · | |
| Enterprise Value | $1.43B | $1.67B | $1.86B | · | $1.80B | $2.05B | $2.53B | · | $2.05B | $2.07B | $2.39B | · | $2.52B | $2.87B | $2.67B | · | |
| P/E | 1.8 | 4.8 | 6.2 | · | 6.8 | 11.1 | 18.8 | · | 9.2 | 9.8 | 13.0 | · | 9.9 | 8.5 | 5.3 | · | |
| P/S | 0.2 | 0.5 | 0.7 | · | 0.5 | 0.7 | 1.1 | · | 0.6 | 0.7 | 1.0 | · | 1.1 | 1.4 | 1.3 | · | |
| P/B | -0.3 | -0.8 | -1.1 | · | -0.8 | -1.0 | -1.6 | · | -0.9 | -1.0 | -1.4 | · | -1.5 | -2.0 | -1.7 | · | |
| P / Cash Flow | · | · | 40.9 | · | · | · | -226.5 | · | · | · | -83.2 | · | · | · | 24.0 | · | |
| P / FCF | · | · | 42.4 | · | · | · | -176.5 | · | · | · | -69.0 | · | · | · | 26.0 | · | |
| EV / EBITDA | 29.3 | 47.6 | 19.9 | · | 19.2 | 32.6 | 66.5 | · | 36.6 | 52.7 | 44.1 | · | 49.2 | 51.6 | 27.8 | · | |
| EV / FCF | · | · | 112.3 | · | · | · | -372.7 | · | · | · | -151.5 | · | · | · | 47.9 | · | |
| EV / Revenue | 1.4 | 1.6 | 1.7 | · | 1.7 | 1.9 | 2.3 | · | 1.8 | 1.8 | 2.1 | · | 2.2 | 2.6 | 2.4 | · | |
| Earnings Yield | 55.5% | 20.9% | 16.2% | · | 14.8% | 9.0% | 5.3% | · | 10.9% | 10.2% | 7.7% | · | 10.1% | 11.7% | 18.9% | · | |
| Payout Ratio | · | · | 20.2% | · | · | · | · | · | · | · | 42.8% | · | · | · | · | · |
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
Income Statement
| 2025-09-30 | 2024-09-30 | 2023-09-30 | 2022-09-30 | 2021-09-30 | |
|---|---|---|---|---|---|
| Revenue | $1.08B | $1.12B | $1.12B | $1.13B | $1.17B |
| Gross Margin % | 62.6% | 65.5% | — | 68.6% | — |
| Operating Margin % | 22.4% | 14.8% | — | 27.4% | — |
| Net Income | $95M | $78M | $70M | $224M | $415M |
| Diluted EPS | $1.62 | $1.34 | $1.22 | $3.89 | $7.28 |
Balance Sheet
| 2025-09-30 | 2024-09-30 | 2023-09-30 | 2022-09-30 | 2021-09-30 | |
|---|---|---|---|---|---|
| Debt / Equity | -2.1 | -2.1 | — | -1.8 | — |
| Current Ratio | 2.4 | 2.0 | — | 2.2 | — |
| Quick Ratio | 1.4 | 1.2 | — | 1.2 | — |
Cash Flow
| 2025-09-30 | 2024-09-30 | 2023-09-30 | 2022-09-30 | 2021-09-30 | |
|---|---|---|---|---|---|
| Free Cash Flow | $182M | $20M | — | $389M | — |
Latest News Recent headlines mentioning this company
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Institutional owners (13F) 348 filers · $124.7M 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 |
|---|---|---|---|---|
| 67 (+26 vs prior Q) | 73 (+20 vs prior Q) | 72 (-18 vs prior Q) | 68 (-15 vs prior Q) | -2.9M |
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 |
|---|---|---|---|---|
| YACKTMAN ASSET MANAGEMENT LP | $14,070,004 | 4,315,952 | 11.28% | Shares |
| VANGUARD CAPITAL MANAGEMENT LLC | $8,336,302 | 2,557,148 | 6.68% | Shares |
| DEERFIELD MANAGEMENT COMPANY, L.P. | $8,263,973 | 2,534,961 | 6.63% | Shares |
| Jefferies Financial Group Inc. | $7,677,681 | 2,355,117 | 6.16% | Shares |
| AMERIPRISE FINANCIAL INC | $6,643,124 | 2,037,768 | 5.33% | Shares |
| STATE STREET CORP | $5,250,771 | 1,610,666 | 4.21% | Shares |
| BRIGADE CAPITAL MANAGEMENT, LP | $4,943,637 | 1,516,453 | 3.96% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $4,469,346 | 1,370,675 | 3.58% | Shares |
| VANGUARD GROUP INC | $4,453,384 | 374,864 | 3.57% | Shares |
| Keeley-Teton Advisors, LLC | $4,047,832 | 317,477 | 3.25% | Shares |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $3,580,748 | 1,098,389 | 2.87% | Shares |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $3,487,502 | 1,069,786 | 2.80% | Shares |
| JACOBS LEVY EQUITY MANAGEMENT, INC | $3,349,696 | 1,027,514 | 2.69% | Shares |
| MILLENNIUM MANAGEMENT LLC | $3,083,856 | 945,968 | 2.47% | Shares |
| ROYCE & ASSOCIATES LP | $2,084,372 | 639,378 | 1.67% | Shares |
| GOLDMAN SACHS GROUP INC | $1,803,435 | 553,201 | 1.45% | Shares |
| Allianz Asset Management GmbH | $1,718,375 | 527,109 | 1.38% | Shares |
| Brandywine Global Investment Management, LLC | $1,697,533 | 142,890 | 1.36% | Shares |
| Atom Investors LP | $1,631,532 | 500,470 | 1.31% | Shares |
| Vanguard Global Advisers, LLC | $1,581,654 | 485,170 | 1.27% | Shares |
| Bank of New York Mellon Corp | $1,543,796 | 473,557 | 1.24% | Shares |
| CITADEL ADVISORS LLC | $1,454,257 | 446,091 | 1.17% | Shares |
| MACKENZIE FINANCIAL CORP | $1,279,742 | 392,559 | 1.03% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $1,277,767 | 391,953 | 1.02% | Shares |
| Saba Capital Management, L.P. | $1,262,614 | 387,305 | 1.01% | Shares |
| CWA Asset Management Group, LLC | $1,222,328 | 374,947 | 0.98% | Shares |
| O'SHAUGHNESSY ASSET MANAGEMENT, LLC | $1,117,355 | 342,747 | 0.90% | Shares |
| OCCUDO QUANTITATIVE STRATEGIES LP | $1,093,896 | 335,551 | 0.88% | Shares |
| XTX Topco Ltd | $1,058,900 | 324,816 | 0.85% | Shares |
| Schonfeld Strategic Advisors LLC | $999,223 | 306,511 | 0.80% | Shares |
| DIMENSIONAL FUND ADVISORS LP | $832,584 | 255,394 | 0.67% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $799,023 | 245,099 | 0.64% | Shares |
| ALLIANCEBERNSTEIN L.P. | $792,842 | 89,688 | 0.64% | Shares |
| Jain Global LLC | $672,101 | 206,166 | 0.54% | Shares |
| D. E. Shaw & Co., Inc. | $605,261 | 185,663 | 0.49% | Shares |
| AlphaQuest LLC | $593,774 | 49,981 | 0.48% | Shares |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | $570,924 | 175,130 | 0.46% | Shares |
| Balyasny Asset Management L.P. | $528,110 | 161,997 | 0.42% | Shares |
| ALLSTATE CORP | $522,402 | 160,246 | 0.42% | Shares |
| PRUDENTIAL FINANCIAL INC | $517,056 | 158,606 | 0.41% | Shares |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | $445,898 | 50,441 | 0.36% | Shares |
| Universal- Beteiligungs- und Servicegesellschaft mbH | $428,863 | 131,553 | 0.34% | Shares |
| Squarepoint Ops LLC | $427,758 | 131,214 | 0.34% | Shares |
| Y-Intercept (Hong Kong) Ltd | $403,265 | 123,701 | 0.32% | Shares |
| BNP PARIBAS FINANCIAL MARKETS | $374,078 | 114,748 | 0.30% | Shares |
| PRINCIPAL FINANCIAL GROUP INC | $367,011 | 112,580 | 0.29% | Shares |
| BANK OF AMERICA CORP /DE/ | $359,187 | 110,180 | 0.29% | Shares |
| Swiss National Bank | $357,361 | 109,620 | 0.29% | Shares |
| OMERS ADMINISTRATION Corp | $350,271 | 107,445 | 0.28% | Shares |
| WINTON GROUP Ltd | $339,014 | 103,992 | 0.27% | Shares |
| Quantbot Technologies LP | $325,192 | 99,752 | 0.26% | Shares |
| Engineers Gate Manager LP | $322,528 | 98,935 | 0.26% | Shares |
| Brevan Howard Capital Management LP | $321,687 | 98,677 | 0.26% | Shares |
| NEUBERGER BERMAN GROUP LLC | $317,984 | 97,541 | 0.25% | Shares |
| MORGAN STANLEY | $310,553 | 95,261 | 0.25% | Shares |
| FMR LLC | $273,348 | 83,849 | 0.22% | Shares |
| MIROVA | $261,253 | 80,139 | 0.21% | Shares |
| RHUMBLINE ADVISERS | $258,219 | 79,212 | 0.21% | Shares |
| Mitsubishi UFJ Trust & Banking Corp | $254,808 | 78,162 | 0.20% | Shares |
| Walleye Capital LLC | $248,982 | 76,375 | 0.20% | Shares |
| COLDSTREAM CAPITAL MANAGEMENT INC | $246,067 | 75,480 | 0.20% | Shares |
| Corient Private Wealth LP | $241,200 | 73,990 | 0.19% | Shares |
| CAISSE DES DEPOTS ET CONSIGNATIONS | $230,632 | 70,746 | 0.18% | Shares |
| Headlands Technologies LLC | $230,270 | 70,635 | 0.18% | Shares |
| Pathstone Holdings, LLC | $226,332 | 69,427 | 0.18% | Shares |
| SummerHaven Investment Management, LLC | $219,251 | 67,255 | 0.18% | Shares |
| JANUS HENDERSON GROUP PLC | $212,032 | 23,972 | 0.17% | Shares |
| STRS OHIO | $206,684 | 63,400 | 0.17% | Shares |
| AXQ CAPITAL, LP | $201,347 | 61,763 | 0.16% | Shares |
| BlackRock, Inc. | $185,276 | 56,833 | 0.15% | Shares |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | $183,264 | 56,216 | 0.15% | Shares |
| Caption Management, LLC | $163,000 | 50,000 | 0.13% | Call option |
| Graham Capital Management, L.P. | $156,584 | 48,032 | 0.13% | Shares |
| CEERA INVESTMENTS, LLC | $144,206 | 44,235 | 0.12% | Shares |
| Nuveen Asset Management, LLC | $141,391 | 6,847 | 0.11% | Shares |
| Vanguard Personalized Indexing Management, LLC | $132,793 | 40,734 | 0.11% | Shares |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO | $132,607 | 40,677 | 0.11% | Shares |
| TWO SIGMA ADVISERS, LP | $125,928 | 10,600 | 0.10% | Shares |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ | $123,261 | 37,810 | 0.10% | Shares |
| VANGUARD ASSET MANAGEMENT, Ltd | $120,102 | 36,841 | 0.10% | Shares |
| State of Wyoming | $117,054 | 35,906 | 0.09% | Shares |
| STOREBRAND ASSET MANAGEMENT AS | $116,317 | 35,680 | 0.09% | Shares |
| MetLife Investment Management, LLC | $115,186 | 35,333 | 0.09% | Shares |
| AXA Investment Managers S.A. | $113,571 | 8,049 | 0.09% | Shares |
| Catalyst Funds Management Pty Ltd | $112,470 | 34,500 | 0.09% | Shares |
| PRELUDE CAPITAL MANAGEMENT, LLC | $107,254 | 32,900 | 0.09% | Shares |
| CIBC Private Wealth Group LLC | $103,793 | 7,356 | 0.08% | Shares |
| Cetera Investment Advisers | $102,060 | 31,307 | 0.08% | Shares |
| NISA INVESTMENT ADVISORS, LLC | $83,358 | 25,570 | 0.07% | Shares |
| TRANSCEND CAPITAL ADVISORS, LLC | $82,354 | 25,262 | 0.07% | Shares |
| ENVESTNET ASSET MANAGEMENT INC | $81,582 | 25,025 | 0.07% | Shares |
| NANO CAP NEW MILLENNIUM GROWTH FUND L P | $81,500 | 25,000 | 0.07% | Shares |
| Invesco Ltd. | $75,700 | 23,221 | 0.06% | Shares |
| Zurcher Kantonalbank (Zurich Cantonalbank) | $71,850 | 22,040 | 0.06% | Shares |
| Empowered Funds, LLC | $71,502 | 21,933 | 0.06% | Shares |
| Point72 Asset Management, L.P. | $65,969 | 20,236 | 0.05% | Shares |
| CITADEL ADVISORS LLC | $64,222 | 19,700 | 0.05% | Put option |
| CRAWFORD INVESTMENT COUNSEL INC | $64,124 | 19,670 | 0.05% | Shares |
| CWM, LLC | $61,837 | 6,995 | 0.05% | Shares |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE | $59,847 | 18,358 | 0.05% | Shares |
Company insiders 16 insiders · 3 officers · 7 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Shaun Curtis | SVP, Global Manuf./Sup. Chain | Nov. 26, 2025 F | 95,324 | 0 | 0 | $0 |
| Brian Capone | VP, CAO & Corp. Controller | Nov. 26, 2023 F | 21,054 | 0 | 0 | $0 |
| Ajay Kumar | SVP and CHRO | Nov. 26, 2022 F | 28,444 | 0 | 0 | $0 |
| Carrie L Anderson | Director | Feb. 11, 2026 A | 64,581 | 0 | 0 | $0 |
| Claire Pomeroy | Director | Feb. 11, 2026 A | 66,127 | 0 | 0 | $0 |
| Karen Prange | Director | Feb. 11, 2026 A | 64,581 | 0 | 0 | $0 |
| Milton Mayo Morris | Director | Feb. 11, 2026 A | 60,121 | 0 | 0 | $0 |
| Christopher R Reidy | Director | Feb. 11, 2026 A | 70,122 | 0 | 0 | $0 |
| David F Melcher | Director | May 23, 2025 P | 86,681 | 0 | 0 | $0 |
| David Albritton | Director | Feb. 12, 2025 A | 39,743 | 0 | 0 | $0 |
| Devdatt Kurdikar | — | Aug. 12, 2026 P | 804,919 | 1 | 0 | $141,000 |
| Jacob Elguicze | — | Aug. 12, 2026 P | 309,139 | 1 | 0 | $93,400 |
| Jeffrey Z Mann | — | Aug. 12, 2026 P | 262,915 | 1 | 0 | $99,800 |
| Robert J. Hombach | — | Aug. 12, 2026 P | 109,587 | 1 | 0 | $223,650 |
| Jean Casner | — | Aug. 9, 2026 F | 85,915 | 0 | 0 | $0 |
| Anthony M. Roth | — | June 1, 2026 A | 78,833 | 0 | 0 | $0 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
ETF ownership Held by 41 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 |
|---|---|---|---|---|
| ABLS · Abacus FCF ETF Trust | 1.47% | 1,970 NS | April 30, 2026 | N-PORT |
| CAFG · Pacer Funds Trust | 0.42% | 10,367 NS | April 30, 2026 | N-PORT |
| ROSC · Lattice Strategies Trust | 0.41% | 24,447 NS | April 30, 2026 | N-PORT |
| SCOW · Pacer Funds Trust | 0.28% | 477 NS | April 30, 2026 | N-PORT |
| ESSC · Strategy Shares | 0.15% | 4,282 NS | April 30, 2026 | N-PORT |
| AGNG · Global X Funds | 0.12% | 28,422 NS | May 31, 2026 | N-PORT |
| EBIT · Harbor ETF Trust | 0.09% | 1,169 NS | April 30, 2026 | N-PORT |
| VFVA · VANGUARD WELLINGTON FUND | 0.09% | 240,857 SH | Aug. 8, 2026 | Daily |
| SMDX · Tidal Trust III | 0.03% | 4,066 NS | April 30, 2026 | N-PORT |
| GSSC · Goldman Sachs ETF Trust | 0.03% | 76,401 NS | May 31, 2026 | N-PORT |
| FNDA · SCHWAB STRATEGIC TRUST | 0.02% | 457,597 NS | May 31, 2026 | N-PORT |
| RSSL · Global X Funds | 0.02% | 25,980 NS | April 30, 2026 | N-PORT |
| IWN · iShares Trust | 0.01% | 534,045 SH | Aug. 8, 2026 | Daily |
| PRFZ · Invesco Exchange-Traded Fund Trust | 0.01% | 83,006 SH | Aug. 8, 2026 | Daily |
| DFAS · Dimensional ETF Trust | 0.01% | 194,011 NS | April 30, 2026 | N-PORT |
| AFSM · First Trust Exchange-Traded Fund VI… | 0.01% | 3,159 NS | May 31, 2026 | N-PORT |
| VTWO · VANGUARD SCOTTSDALE FUNDS | 0.01% | 343,957 SH | Aug. 8, 2026 | Daily |
| VTWV · VANGUARD SCOTTSDALE FUNDS | 0.01% | 51,599 SH | Aug. 8, 2026 | Daily |
| SFGV · EA Series Trust | 0.01% | 21,963 NS | May 29, 2026 | N-PORT |
| SAA · ProShares Trust | 0.01% | 708 NS | May 31, 2026 | N-PORT |
| FHLC · FIDELITY COVINGTON TRUST | 0.01% | 25,512 NS | April 30, 2026 | N-PORT |
| IWM · iShares Trust | 0.01% | 1,600,385 SH | Aug. 8, 2026 | Daily |
| TILT · FlexShares Trust | 0.01% | 11,858 NS | April 30, 2026 | N-PORT |
| ITWO · ProShares Trust | 0.01% | 2,807 NS | May 31, 2026 | N-PORT |
| SCHA · SCHWAB STRATEGIC TRUST | 0.00% | 279,317 NS | May 31, 2026 | N-PORT |
| UWM · ProShares Trust | 0.00% | 2,194 NS | May 31, 2026 | N-PORT |
| URTY · ProShares Trust | 0.00% | 2,219 NS | May 31, 2026 | N-PORT |
| WSML · iShares Trust | 0.00% | 3,845 SH | Aug. 8, 2026 | Daily |
| DFSU · Dimensional ETF Trust | 0.00% | 3,830 NS | April 30, 2026 | N-PORT |
| DFAC · Dimensional ETF Trust | 0.00% | 70,189 NS | April 30, 2026 | N-PORT |
| FNDB · SCHWAB STRATEGIC TRUST | 0.00% | 5,550 NS | May 31, 2026 | N-PORT |
| MSSM · MORGAN STANLEY PATHWAY FUNDS | 0.00% | 2,112 NS | May 31, 2026 | N-PORT |
| HDG · ProShares Trust | 0.00% | 56 NS | May 31, 2026 | N-PORT |
| ACVF · ETF Opportunities Trust | 0.00% | 130 NS | April 30, 2026 | N-PORT |
| DFUS · Dimensional ETF Trust | 0.00% | 12,065 NS | April 30, 2026 | N-PORT |
| IWV · iShares Trust | 0.00% | 16,379 SH | Aug. 8, 2026 | Daily |
| SCHB · SCHWAB STRATEGIC TRUST | 0.00% | 40,349 NS | May 31, 2026 | N-PORT |
| VXF · VANGUARD INDEX FUNDS | 0.00% | 668,682 SH | Aug. 8, 2026 | Daily |
| VTI · VANGUARD INDEX FUNDS | 0.00% | 1,831,834 SH | Aug. 8, 2026 | Daily |
| VTHR · VANGUARD SCOTTSDALE FUNDS | 0.00% | 4,651 SH | Aug. 8, 2026 | Daily |
| VHT · VANGUARD WORLD FUND | 0.00% | 169,583 SH | Aug. 8, 2026 | Daily |