FRPH FRP Holdings, Inc. - Common Stock
$22.40
Price · Aug 19, 2026
Fundamentals as of Aug 6, 2026
52W Range
$21–$26
31% of range
Analyst Rating
HOLD
6 analysts
Price Target
—
P/E (TTM)
124.8
ROE
0.78%
Net Profit Margin
7.8%
FRPH Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
Price
$22.40
Market Cap
$429M
P/E (TTM)
124.8
EPS (TTM)
$0.18
Revenue (TTM)
$43M
Div Yield
—
ROE
0.78%
Debt/Equity
—
52W Range
$21 – $26
FRPH 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
$43M
2017-12-31
→
2025-12-31
EPS
$0.18
2017-12-31
→
2025-12-31
Free Cash Flow
$-21M
2017-12-31
→
2025-12-31
Margins
7.8%
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
Metric
5Y trend
FRPH
Peer Median
P/E (TTM)
124.8
96.7
P/S (TTM)
10.0
7.7
P/B
1.0
0.6
Price / FCF
-20.0
—
Profitability Gross, operating and net margins; ROE, ROA, ROIC
Metric
5Y trend
FRPH
Peer Median
Operating Margin
16.4%
—
Net Profit Margin
7.8%
2.2%
ROA
0.46%
0.13%
ROE
0.78%
0.22%
Financial Health Debt, liquidity, solvency — balance sheet strength
Metric
5Y trend
FRPH
Peer Median
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
Metric
5Y trend
FRPH
Peer Median
Revenue YoY
2.6%
—
Revenue CAGR 3Y
4.6%
—
Revenue CAGR 5Y
12.7%
—
EPS YoY
-47.1%
—
Net Income YoY
-47.9%
—
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
Metric
5Y trend
FRPH
Peer Median
Dividends Yield, payout ratio, dividend history, 5Y CAGR
Dividend Yield
—
Payout Ratio
—
5Y Div CAGR
—
| Ex-date | Amount |
|---|---|
| Feb. 2, 2015 | $3.0000 |
FRPH Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
SELL
6 analysts
- Strong Buy 0 0.0%
- Buy 0 0.0%
- Hold 3 50.0%
- Sell 1 16.7%
- Strong Sell 2 33.3%
Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
| Period | EPS Actual | EPS Est | Surprise |
|---|---|---|---|
| June 30, 2026 | $-0.01 | — | — |
| Dec. 31, 2024 | $0.09 | — | — |
| Sept. 30, 2024 | $0.07 | — | — |
| June 30, 2024 | $0.11 | — | — |
| March 31, 2024 | $0.07 | — | — |
Peer comparison (GICS sub-industry) Key metrics vs sector peers
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| FRPH | $436M | 126.6 | 2.6% | 7.8% | 0.78% | — |
| LB | — | 52.1 | 81.1% | 15.1% | 10.8% | — |
| SEG | $253M | -2.2 | 18.3% | -89.5% | -22.9% | — |
| TCI | $506M | 36.6 | 4.2% | 28.1% | 1.6% | — |
| MLP | $335M | — | 68.2% | -54.4% | -35.6% | — |
| ARL | $259M | 16.6 | 5.7% | 31.4% | 2.6% | — |
| SRG | — | -2.5 | 3.3% | -374.7% | -18.5% | — |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement 15
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $43M | $42M | $42M | $37M | $31M | $24M | $24M | $22M | $16M | · | $35M | |
| Cost of Revenue | · | · | · | · | · | · | · | · | $3M | · | $4M | |
| Gross Profit | · | · | · | · | · | · | · | · | · | · | $12M | |
| SG&A Expense | $11M | $9M | $8M | $7M | · | · | · | $2M | $1M | · | · | |
| Operating Expenses | $36M | $30M | $30M | $29M | $29M | $18M | $18M | $20M | $15M | · | $22M | |
| Operating Income | $7M | $12M | $12M | $8M | $2M | $5M | $6M | $2M | $1M | · | $12M | |
| Interest Expense | · | · | $4M | $3M | $2M | $1M | $1M | $3M | $3M | · | $2M | |
| Pretax Income | · | · | · | · | · | · | $16M | $123M | $61M | · | · | |
| Income Tax | $818.0K | $2M | $2M | $1M | $10M | $3M | $3M | $524.0K | $7M | · | $4M | |
| Net Income | $3M | $6M | $5M | $5M | $28M | $13M | $16M | $124M | $42M | · | $8M | |
| EPS (Basic) | $0.18 | $0.34 | $0.28 | $0.24 | $3.02 | $1.33 | $1.64 | $12.40 | $4.19 | · | $0.85 | |
| EPS (Diluted) | $0.18 | $0.34 | $0.28 | $0.24 | $3.00 | $1.32 | $1.63 | $12.32 | $4.16 | · | $0.84 | |
| Shares (Basic) | 18,967,000 | 18,882,000 | 18,840,000 | 18,772,000 | 9,355,000 | 9,580,000 | 9,883,000 | 10,040 | 9,975 | · | 9,756 | |
| Shares (Diluted) | 19,015,000 | 18,970,000 | 18,922,000 | 18,870,000 | 9,397,000 | 9,609,000 | 9,926,000 | 10,105 | 10,040 | · | 9,827 | |
| EBITDA | $18M | $22M | $23M | $19M | $15M | $11M | $12M | $10M | $28M | · | $8M |
Balance Sheet 15
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | · | $149M | $158M | $177M | $162M | $74M | $27M | $23M | $5M | $0 | $419.0K | |
| Receivables | · | · | · | · | · | $923.0K | $546.0K | $564.0K | $615.0K | $710.0K | $778.0K | |
| PP&E (Net) | $449M | $407M | $367M | $367M | $351M | $203M | $202M | $207M | $210M | $224M | $207M | |
| PP&E (Gross) | $537M | $485M | $435M | $424M | $397M | $238M | $232M | $235M | $237M | $307M | $281M | |
| Accum. Depreciation | $89M | $78M | $68M | $57M | $47M | $35M | $30M | $28M | $27M | $82M | $74M | |
| Goodwill | $7M | $0 | · | · | · | · | · | · | · | · | · | |
| Total Assets | $735M | $728M | $709M | $701M | $678M | $536M | $538M | $505M | $419M | $267M | $252M | |
| Deferred Tax | $67M | $68M | $69M | $68M | $64M | $56M | $50M | $28M | $26M | $16M | $15M | |
| Total Liabilities | $279M | $259M | $261M | $257M | $253M | $154M | $147M | $122M | $154M | $68M | $70M | |
| Long-term Debt | $193M | $179M | $179M | $179M | $178M | $90M | $89M | $0 | $30M | $34M | $40M | |
| Total Debt | · | · | · | · | · | $90M | $89M | $89M | $114M | · | $49M | |
| AOCI | $24.0K | $55.0K | $35.0K | $-1M | $113.0K | $675.0K | $923.0K | $-701.0K | $38.0K | $14.0K | $-6.0K | |
| Stockholders' Equity | $429M | $423M | $415M | $407M | $396M | $368M | $375M | $365M | $244M | $199M | $182M | |
| Liabilities + Equity | $735M | $728M | $709M | $701M | $678M | $536M | $538M | $505M | $419M | $267M | $252M | |
| Shares Outstanding | 19,109,541 | 19,046,894 | 18,968,448 | 18,919,372 | 18,822,056 | 9,363,717 | 9,817,429 | 9,969,174 | · | · | · |
Cash Flow 17
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $11M | $10M | $11M | $11M | $13M | $6M | $6M | $8M | $6M | · | $8M | |
| Stock-based Comp | · | · | · | · | · | $92.0K | $112.0K | $607.0K | $268.0K | · | $267.0K | |
| Deferred Tax | $-788.0K | $-2M | $1M | $2M | $8M | $6M | $22M | $2M | $10M | · | $2M | |
| Amort. of Intangibles | · | · | · | · | · | · | · | · | · | · | $237.0K | |
| Other Non-cash | $16M | $14M | $15M | $4M | $-27M | $-6M | $2M | $-172M | $-45M | · | $-418.0K | |
| Operating Cash Flow | $30M | $29M | $33M | $22M | $22M | $19M | $47M | $-37M | $21M | · | $17M | |
| CapEx | $51M | $51M | $11M | $28M | $17M | $18M | $10M | $7M | $3M | · | $6M | |
| Investing Cash Flow | $-74M | $-50M | $-49M | $-23M | $67M | $51M | $-34M | $91M | $-15M | · | $-10M | |
| Debt Issued | $14M | $0 | $0 | $0 | $92M | $0 | $0 | $0 | $90M | · | $0 | |
| Net Debt Issued | $14M | · | $0 | $0 | $2M | $0 | $0 | $-2M | $7M | · | $-5M | |
| Stock Repurchased | $464.0K | $0 | $2M | $0 | $264.0K | $21M | $8M | $6M | $74.0K | · | $0 | |
| Net Stock Activity | $-464.0K | $0 | $-2M | $0 | $-264.0K | $-21M | $-8M | $-6M | $-74.0K | · | $0 | |
| Financing Cash Flow | $-581.0K | $13M | $-4M | $17M | $-1M | $-22M | $-9M | $-36M | $-1M | · | $-8M | |
| Net Change in Cash | $-45M | $-8M | $-20M | $16M | · | · | · | $18M | $5M | · | $-594.0K | |
| Taxes Paid | · | $3M | $927.0K | $-2M | $-1M | $2M | $-26M | $50M | $2M | · | · | |
| Free Cash Flow | $-21M | $-22M | $22M | $-5M | $6M | $1M | $37M | $-44M | $4M | · | $11M | |
| Levered FCF | · | · | · | · | · | · | $36M | $-48M | · | · | · |
Profitability 8
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | · | · | · | · | · | · | · | · | · | · | 35.2% | |
| Operating Margin | 16.4% | 28.0% | 28.2% | 21.3% | 7.3% | 21.8% | 24.2% | 8.9% | 31.5% | · | · | |
| Net Margin | 7.8% | 15.3% | 12.8% | 12.2% | 90.4% | 53.9% | 68.1% | 565.2% | 96.7% | · | 23.9% | |
| Pretax Margin | · | · | · | · | · | · | 66.0% | 558.9% | · | · | · | |
| EBITDA Margin | 43.0% | 52.9% | 54.6% | 51.9% | 48.8% | 47.4% | 50.1% | 46.2% | 65.3% | · | 21.7% | |
| ROA | 0.46% | 0.89% | 0.75% | 0.66% | 4.7% | 2.4% | 3.1% | 26.9% | 12.2% | · | 2.9% | |
| ROE | 0.78% | 1.5% | 1.3% | 1.1% | 7.4% | 3.4% | 4.4% | 40.9% | 18.9% | · | 4.3% | |
| ROIC | · | · | · | · | · | · | 1.0% | 0.43% | · | · | · |
Liquidity & Solvency 3
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | · | · | · | · | · | 0.2 | 0.2 | 0.2 | 0.5 | · | 0.3 | |
| LT Debt / Equity | · | · | · | · | · | 0.2 | 0.2 | 0.2 | 0.5 | · | 0.2 | |
| Interest Coverage | · | · | 2.7 | 2.6 | 1.0 | 4.7 | 5.5 | 0.6 | 3.1 | · | · |
Efficiency 2
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.0 | 0.0 | 0.0 | 0.1 | · | 0.1 | |
| Receivables Turnover | · | · | · | · | · | 32.1 | 42.8 | 37.4 | 49.9 | · | 36.4 |
Growth Rates 9
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue YoY | 2.6% | 0.65% | 10.7% | 20.1% | 32.4% | · | · | · | · | · | · | |
| Revenue CAGR 3Y | 4.6% | 10.2% | 20.7% | · | · | · | · | · | · | · | · | |
| Revenue CAGR 5Y | 12.7% | · | · | · | · | · | · | · | · | · | · | |
| EPS YoY | -47.1% | 21.4% | 16.7% | -92.0% | 127.3% | · | · | · | · | · | · | |
| EPS CAGR 3Y | -9.1% | -51.6% | -40.4% | · | · | · | · | · | · | · | · | |
| EPS CAGR 5Y | -32.9% | · | · | · | · | · | · | · | · | · | · | |
| Net Income YoY | -47.9% | 20.4% | 16.1% | -83.8% | 121.9% | · | · | · | · | · | · | |
| Net Income CAGR 3Y | -10.0% | -39.1% | -25.3% | · | · | · | · | · | · | · | · | |
| Net Income CAGR 5Y | -23.5% | · | · | · | · | · | · | · | · | · | · |
Valuation (TTM) 10
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $43M | $42M | $42M | $37M | $31M | $24M | $24M | $22M | $16M | · | $35M | |
| Net Income TTM | $3M | $6M | $5M | $5M | $28M | $13M | $16M | $124M | $42M | · | $8M | |
| Market Cap | $436M | $583M | $298M | $255M | $272M | · | · | · | · | · | · | |
| P/E | 126.6 | 90.1 | 112.3 | 112.2 | 9.6 | 17.3 | 15.3 | 1.9 | 5.3 | · | 17.9 | |
| P/S | 10.2 | 14.0 | 7.2 | 6.8 | 8.7 | · | · | · | · | · | · | |
| P/B | 1.0 | 1.4 | 0.7 | 0.6 | 0.7 | · | · | · | · | · | · | |
| P / Tangible Book | 1.0 | 1.4 | 0.7 | 0.6 | 0.7 | · | · | · | · | · | · | |
| P / Cash Flow | 14.7 | 20.1 | 9.0 | 11.4 | 12.2 | · | · | · | · | · | · | |
| P / FCF | -20.3 | -26.3 | 13.7 | -48.3 | 47.6 | · | · | · | · | · | · | |
| Earnings Yield | 0.79% | 1.1% | 0.89% | 0.89% | 10.4% | 5.8% | 6.5% | 53.5% | 18.8% | · | 5.6% |
Income Statement 12
| 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 | $11M | $11M | $11M | $11M | $11M | $10M | $11M | $11M | $10M | $10M | $10M | $11M | $11M | $10M | $10M | $9M | |
| SG&A Expense | $4M | $4M | $3M | $2M | $3M | $3M | $2M | $2M | $3M | $2M | $2M | $2M | $2M | $2M | · | · | |
| Operating Expenses | $10M | $10M | $9M | $9M | $9M | $8M | $8M | $8M | $8M | $7M | $7M | $8M | $8M | $7M | $7M | $7M | |
| Operating Income | $1M | $512.0K | $2M | $1M | $2M | $2M | $3M | $3M | $3M | $3M | $3M | $3M | $3M | $3M | $3M | $2M | |
| Interest Expense | · | · | · | · | · | · | · | · | · | $911.0K | · | $1M | $1M | $1M | · | $738.0K | |
| Income Tax | $-80.0K | $-202.0K | $-89.0K | $203.0K | $178.0K | $526.0K | $286.0K | $427.0K | $916.0K | $400.0K | $618.0K | $467.0K | $222.0K | $209.0K | $489.0K | $178.0K | |
| Net Income | $-259.0K | $-687.0K | $380.0K | $662.0K | $578.0K | $2M | $2M | $1M | $2M | $1M | $3M | $1M | $598.0K | $565.0K | $3M | $480.0K | |
| EPS (Basic) | $-0.01 | $-0.04 | $0.03 | $0.03 | $0.03 | $0.09 | $0.09 | $0.07 | $0.11 | $0.07 | $0.15 | $0.07 | $0.03 | $0.03 | $0.05 | $0.05 | |
| EPS (Diluted) | $-0.01 | $-0.04 | $0.03 | $0.03 | $0.03 | $0.09 | $0.09 | $0.07 | $0.11 | $0.07 | $0.15 | $0.07 | $0.03 | $0.03 | $0.05 | $0.05 | |
| Shares (Basic) | 19,035,000 | 19,016,000 | -37,922,000 | 18,976,000 | 18,966,000 | 18,947,000 | -37,743,000 | 18,887,000 | 18,879,000 | 18,859,000 | -37,702,000 | 18,846,000 | 18,864,000 | 18,832,000 | -9,375,000 | 9,397,000 | |
| Shares (Diluted) | 19,058,000 | 19,034,000 | -38,039,000 | 19,026,000 | 19,016,000 | 19,012,000 | -37,894,000 | 18,972,000 | 18,948,000 | 18,944,000 | -37,842,000 | 18,920,000 | 18,932,000 | 18,912,000 | -9,404,000 | 9,433,000 | |
| EBITDA | $1M | $4M | · | $1M | $2M | $5M | · | $3M | $3M | $5M | · | $3M | $3M | $6M | · | $2M |
Balance Sheet 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | · | · | · | $135M | $153M | $143M | · | $145M | $157M | $152M | · | $166M | $167M | $173M | · | $145M | |
| PP&E (Net) | $475M | $459M | $449M | $433M | $411M | $408M | $407M | $406M | $374M | $371M | · | $363M | $364M | $365M | · | $368M | |
| PP&E (Gross) | $569M | $550M | $537M | $518M | $494M | $488M | $485M | $481M | $447M | $441M | · | $429M | $426M | $425M | · | $423M | |
| Accum. Depreciation | $94M | $91M | $89M | $86M | $83M | $80M | $78M | $75M | $73M | $70M | · | $65M | $63M | $60M | · | $55M | |
| Goodwill | $7M | $7M | $7M | · | · | · | $0 | · | · | · | · | · | · | · | · | · | |
| Total Assets | $762M | $750M | $735M | $731M | $723M | $717M | $728M | $727M | $712M | $706M | $709M | $701M | $700M | $700M | $701M | $677M | |
| Deferred Tax | $67M | $67M | $67M | $68M | $68M | $68M | $68M | $68M | $68M | $69M | · | $68M | $68M | $68M | · | $64M | |
| Total Liabilities | $307M | $296M | $279M | $269M | $261M | $257M | $259M | $260M | $261M | $257M | · | $256M | $255M | $254M | · | $252M | |
| Long-term Debt | $215M | $204M | $193M | $185M | $180M | $178M | $179M | $179M | $179M | $179M | · | $179M | $179M | $179M | · | $179M | |
| AOCI | $26.0K | $8.0K | $24.0K | $32.0K | $40.0K | $47.0K | $55.0K | $80.0K | $22.0K | $27.0K | · | $-328.0K | $-712.0K | $-902.0K | · | $-1M | |
| Stockholders' Equity | $429M | $428M | $429M | $428M | $427M | $425M | $423M | $421M | $419M | $416M | · | $411M | $410M | $409M | · | $398M | |
| Liabilities + Equity | $762M | $750M | $735M | $731M | $723M | $717M | $728M | $727M | $712M | $706M | · | $701M | $700M | $700M | · | $677M | |
| Shares Outstanding | 19,198,301 | 19,170,275 | 19,109,541 | 19,109,234 | 19,109,234 | 19,087,334 | 19,046,894 | 19,030,474 | 19,030,474 | 19,000,600 | 18,968,448 | 9,477,104 | 9,495,673 | 9,503,633 | 18,919,372 | 9,455,096 |
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 | $3M | $3M | $3M | $3M | $3M | $3M | $3M | $3M | $3M | $3M | $2M | $3M | $3M | $3M | $3M | $3M | |
| Deferred Tax | $-1.0K | $1.0K | $-755.0K | $0 | $0 | $-33.0K | $-668.0K | $0 | $-1M | $0 | $2M | $0 | $-110.0K | $53.0K | $2M | $0 | |
| Other Non-cash | · | $7M | · | · | · | $110.0K | · | · | · | $-991.0K | · | · | · | $1M | · | · | |
| Operating Cash Flow | $1M | $10M | $8M | $8M | $9M | $5M | $8M | $6M | $12M | $3M | $12M | $8M | $8M | $5M | $9M | $4M | |
| CapEx | $13M | $13M | $17M | $25M | $6M | $3M | $4M | $35M | $6M | $6M | $7M | $2M | $979.0K | $1M | $1M | $9M | |
| Investing Cash Flow | $-19M | $-18M | $-44M | $-31M | $215.0K | $465.0K | $-3M | $-33M | $-7M | $-7M | $-20M | $-7M | $-13M | $-9M | $5M | $-18M | |
| Debt Issued | $11M | $11M | · | · | $2M | $718.0K | · | · | · | · | · | · | · | · | · | $0 | |
| Net Debt Issued | · | $11M | · | · | · | · | · | · | · | · | · | · | · | · | · | · | |
| Stock Repurchased | · | · | · | · | · | · | $0 | $0 | · | · | $0 | $1M | · | · | $0 | $0 | |
| Financing Cash Flow | $11M | $11M | $5M | $5M | $1M | $-11M | $4.0K | $14M | $-737.0K | $-752.0K | $-532.0K | $-2M | $-2M | $-130.0K | $19M | $-588.0K | |
| Net Change in Cash | $-7M | $2M | $-31M | $-18M | $10M | $-6M | $4M | $-12M | $4M | $-5M | $-8M | $-509.0K | · | · | · | · | |
| Taxes Paid | · | · | · | $384.0K | $2M | $15.0K | · | $2M | $366.0K | $0 | · | $92.0K | $530.0K | $0 | $-27.0K | $0 | |
| Free Cash Flow | · | $-4M | · | · | · | $1M | · | · | · | $-3M | · | · | · | $3M | · | · |
Profitability 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Margin | 13.2% | 4.8% | · | 12.7% | 15.3% | 22.6% | · | 29.0% | 26.9% | 28.4% | · | 27.3% | 25.9% | 28.2% | · | 19.9% | |
| Net Margin | -2.3% | -6.5% | · | 6.1% | 5.3% | 16.6% | · | 12.8% | 19.5% | 12.8% | · | 11.9% | 5.6% | 5.6% | · | 5.2% | |
| EBITDA Margin | 13.2% | 33.4% | · | 12.7% | 15.3% | 48.9% | · | 29.0% | 26.9% | 54.1% | · | 27.3% | 25.9% | 56.3% | · | 19.9% | |
| ROA | -0.03% | -0.09% | · | 0.09% | 0.08% | 0.24% | · | 0.19% | 0.29% | 0.19% | · | 0.18% | 0.09% | 0.08% | · | 0.07% | |
| ROE | -0.06% | -0.16% | · | 0.16% | 0.14% | 0.41% | · | 0.33% | 0.49% | 0.32% | · | 0.31% | 0.15% | 0.14% | · | 0.12% |
Liquidity & Solvency 1
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest Coverage | · | · | · | · | · | · | · | · | · | 3.2 | · | 2.6 | 2.5 | 2.8 | · | 2.5 |
Efficiency 1
| 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 | 0.0 | 0.0 | · | 0.0 | 0.0 | 0.0 | · | 0.0 | 0.0 | 0.0 | · | 0.0 | 0.0 | 0.0 | · | 0.0 |
Valuation (TTM) 10
| 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 | $43M | $43M | · | $43M | $42M | $42M | · | $42M | $42M | $42M | · | $41M | $40M | $38M | · | $36M | |
| Net Income TTM | $294.0K | $2M | · | $4M | $6M | $6M | · | $6M | $5M | $4M | · | $3M | $2M | $2M | · | $2M | |
| Market Cap | $480M | $419M | · | $466M | $514M | $545M | · | $568M | $543M | $583M | · | $256M | $273M | $275M | · | $257M | |
| P/E | 2499.0 | 198.9 | · | 110.7 | 89.6 | 84.0 | · | 93.3 | 101.9 | 153.5 | · | 149.9 | 159.9 | 131.5 | · | 118.2 | |
| P/S | 11.1 | 9.9 | · | 10.9 | 12.2 | 13.1 | · | 13.6 | 13.0 | 14.0 | · | 6.3 | 6.9 | 7.3 | · | 7.1 | |
| P/B | 1.1 | 1.0 | · | 1.1 | 1.2 | 1.3 | · | 1.4 | 1.3 | 1.4 | · | 0.6 | 0.7 | 0.7 | · | 0.6 | |
| P / Tangible Book | 1.1 | 1.0 | · | 1.1 | 1.2 | 1.3 | · | 1.4 | 1.3 | 1.4 | · | 0.6 | 0.7 | 0.7 | · | 0.6 | |
| P / Cash Flow | · | 43.4 | · | · | · | 121.1 | · | · | · | 200.7 | · | · | · | 58.7 | · | · | |
| P / FCF | · | -111.7 | · | · | · | 388.7 | · | · | · | -176.8 | · | · | · | 79.0 | · | · | |
| Earnings Yield | 0.04% | 0.50% | · | 0.90% | 1.1% | 1.2% | · | 1.1% | 0.98% | 0.65% | · | 0.67% | 0.63% | 0.76% | · | 0.85% |
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 | $43M | $42M | $42M | $37M | $31M |
| Operating Margin % | 16.4% | 28.0% | 28.2% | 21.3% | 7.3% |
| Net Income | $3M | $6M | $5M | $5M | $28M |
| Diluted EPS | $0.18 | $0.34 | $0.28 | $0.24 | $3.00 |
Cash Flow
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Free Cash Flow | $-21M | $-22M | $22M | $-5M | $6M |
Trading Signals Recent buy/sell signals with entry price and risk/reward ratio
My Metrics Your personal watchlist — selected rows from Full Fundamentals
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Institutional owners (13F) 118 filers · $182.7M 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 |
|---|---|---|---|---|
| 17 (+3 vs prior Q) | 11 (+5 vs prior Q) | 39 (-2 vs prior Q) | 25 (-10 vs prior Q) | -88K |
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 |
|---|---|---|---|---|
| HighTower Advisors, LLC | $48,269,743 | 1,931,562 | 26.42% | Shares |
| DIMENSIONAL FUND ADVISORS LP | $26,807,898 | 1,072,745 | 14.67% | Shares |
| VANGUARD CAPITAL MANAGEMENT LLC | $12,970,035 | 519,009 | 7.10% | Shares |
| STATE STREET CORP | $7,841,787 | 313,797 | 4.29% | Shares |
| ROYCE & ASSOCIATES LP | $7,114,403 | 284,690 | 3.89% | Shares |
| SPROTT INC. | $7,105,657 | 284,340 | 3.89% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $6,915,823 | 276,660 | 3.79% | Shares |
| SCS Capital Management LLC | $5,143,142 | 205,808 | 2.81% | Shares |
| INTREPID CAPITAL MANAGEMENT INC | $4,410,310 | 176,483 | 2.41% | Shares |
| TWO SIGMA INVESTMENTS, LP | $3,903,713 | 156,211 | 2.14% | Shares |
| Oppenheimer & Close, LLC | $3,409,811 | 136,447 | 1.87% | Shares |
| Estabrook Capital Management | $3,063,299 | 122,581 | 1.68% | Shares |
| SALEM INVESTMENT COUNSELORS INC | $2,847,211 | 113,934 | 1.56% | Shares |
| CITIGROUP INC | $2,703,268 | 108,174 | 1.48% | Shares |
| THIRD AVENUE MANAGEMENT LLC | $2,677,928 | 107,160 | 1.47% | Shares |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $2,528,488 | 101,180 | 1.38% | Shares |
| TWO SIGMA ADVISERS, LP | $2,133,144 | 93,600 | 1.17% | Shares |
| HB Wealth Management, LLC | $2,117,927 | 84,751 | 1.16% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $2,015,344 | 80,646 | 1.10% | Shares |
| WMS Partners, LLC | $1,986,877 | 64,867 | 1.09% | Shares |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $1,965,713 | 78,660 | 1.08% | Shares |
| Guardian Wealth Management, Inc. | $1,948,045 | 77,953 | 1.07% | Shares |
| Quantinno Capital Management LP | $1,849,435 | 74,007 | 1.01% | Shares |
| Meixler Investment Management, Ltd. | $1,772,091 | 70,912 | 0.97% | Shares |
| GOLDMAN SACHS GROUP INC | $1,660,061 | 66,429 | 0.91% | Shares |
| EPACRIA CAPITAL PARTNERS, LLC | $1,454,843 | 58,217 | 0.80% | Shares |
| Qube Research & Technologies Ltd | $1,391,918 | 55,699 | 0.76% | Shares |
| RENAISSANCE TECHNOLOGIES LLC | $1,299,480 | 52,000 | 0.71% | Shares |
| Palisades Investment Partners, LLC | $1,173,980 | 46,978 | 0.64% | Shares |
| Teton Advisors, Inc. | $941,150 | 35,000 | 0.52% | Shares |
| Teton Advisors, LLC | $874,650 | 35,000 | 0.48% | Shares |
| CITADEL ADVISORS LLC | $765,944 | 30,650 | 0.42% | Shares |
| AMERICAN CENTURY COMPANIES INC | $632,747 | 25,320 | 0.35% | Shares |
| NEEDHAM INVESTMENT MANAGEMENT LLC | $593,513 | 23,750 | 0.32% | Shares |
| BANK OF AMERICA CORP /DE/ | $561,750 | 22,479 | 0.31% | Shares |
| NEW YORK STATE COMMON RETIREMENT FUND | $538,360 | 21,543 | 0.29% | Shares |
| Bank of New York Mellon Corp | $511,820 | 20,481 | 0.28% | Shares |
| Quinn Opportunity Partners LLC | $467,913 | 18,724 | 0.26% | Shares |
| RHUMBLINE ADVISERS | $405,954 | 16,245 | 0.22% | Shares |
| RAYMOND JAMES FINANCIAL INC | $372,351 | 14,900 | 0.20% | Shares |
| MARTINGALE ASSET MANAGEMENT L P | $362,605 | 14,510 | 0.20% | Shares |
| ALLIANCEBERNSTEIN L.P. | $319,229 | 14,590 | 0.17% | Shares |
| XTX Topco Ltd | $317,823 | 12,718 | 0.17% | Shares |
| BOYAR ASSET MANAGEMENT INC. | $273,091 | 10,928 | 0.15% | Shares |
| Russell Investments Group, Ltd. | $272,991 | 10,924 | 0.15% | Shares |
| DEUTSCHE BANK AG\ | $269,742 | 10,794 | 0.15% | Shares |
| Sequoia Financial Advisors, LLC | $263,570 | 10,547 | 0.14% | Shares |
| BNP PARIBAS FINANCIAL MARKETS | $249,750 | 9,994 | 0.14% | Shares |
| GLENMEDE TRUST CO NA | $248,000 | 9,924 | 0.14% | Shares |
| WELLS FARGO & COMPANY/MN | $246,376 | 9,859 | 0.13% | Shares |
| LB Partners LLC | $239,454 | 9,582 | 0.13% | Shares |
| BlackRock, Inc. | $238,904 | 9,560 | 0.13% | Shares |
| MERCER GLOBAL ADVISORS INC /ADV | $213,015 | 8,524 | 0.12% | Shares |
| BARCLAYS PLC | $176,105 | 7,047 | 0.10% | Shares |
| MetLife Investment Management, LLC | $167,708 | 6,711 | 0.09% | Shares |
| CALDWELL SUTTER CAPITAL, INC. | $148,241 | 5,932 | 0.08% | Shares |
| FMR LLC | $137,970 | 5,521 | 0.08% | Shares |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | $135,471 | 5,421 | 0.07% | Shares |
| Lindbrook Capital, LLC | $131,422 | 4,600 | 0.07% | Shares |
| Invesco Ltd. | $117,628 | 4,707 | 0.06% | Shares |
| Vanguard Global Advisers, LLC | $102,684 | 4,109 | 0.06% | Shares |
| Atlantic Union Bankshares Corp | $99,960 | 4,000 | 0.05% | Shares |
| VANGUARD GROUP INC | $93,644 | 4,109 | 0.05% | Shares |
| Police & Firemen's Retirement System of New Jersey | $85,091 | 3,405 | 0.05% | Shares |
| Arax Advisory Partners | $66,224 | 2,650 | 0.04% | Shares |
| STRS OHIO | $54,978 | 2,200 | 0.03% | Shares |
| CWM, LLC | $54,788 | 2,504 | 0.03% | Shares |
| SIGNATUREFD, LLC | $50,680 | 2,028 | 0.03% | Shares |
| NORTHERN TRUST CORP | $46,431 | 1,858 | 0.03% | Shares |
| TRUST CO OF VERMONT | $42,483 | 1,700 | 0.02% | Shares |
| CREATIVE FINANCIAL DESIGNS INC /ADV | $39,984 | 1,600 | 0.02% | Shares |
| Ameritas Investment Partners, Inc. | $29,388 | 1,176 | 0.02% | Shares |
| Legal & General Group Plc | $26,714 | 1,069 | 0.01% | Shares |
| Tower Research Capital LLC (TRC) | $20,492 | 820 | 0.01% | Shares |
| Integrated Wealth Concepts LLC | $19,820 | 793 | 0.01% | Shares |
| UBS Group AG | $19,667 | 787 | 0.01% | Shares |
| JPMORGAN CHASE & CO | $19,451 | 761 | 0.01% | Shares |
| Versant Capital Management, Inc | $19,442 | 778 | 0.01% | Shares |
| Creative Planning | $14,119 | 565 | 0.01% | Shares |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | $13,784 | 630 | 0.01% | Shares |
| Nuveen Asset Management, LLC | $12,681 | 414 | 0.01% | Shares |
| PNC Financial Services Group, Inc. | $11,545 | 462 | 0.01% | Shares |
| Allworth Financial LP | $11,171 | 447 | 0.01% | Shares |
| Nuveen, LLC | $10,346 | 414 | 0.01% | Shares |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | $9,321 | 426 | 0.01% | Shares |
| GAMMA Investing LLC | $9,046 | 362 | 0.00% | Shares |
| Bare Financial Services, Inc | $7,347 | 294 | 0.00% | Shares |
| Sterling Capital Management LLC | $5,923 | 237 | 0.00% | Shares |
| US BANCORP \DE\ | $5,798 | 232 | 0.00% | Shares |
| MassMutual Private Wealth & Trust, FSB | $4,748 | 190 | 0.00% | Shares |
| Parallel Advisors, LLC | $4,748 | 190 | 0.00% | Shares |
| Optiver Holding B.V. | $2,849 | 114 | 0.00% | Shares |
| JONES FINANCIAL COMPANIES LLLP | $2,183 | 86 | 0.00% | Shares |
| CIBC Private Wealth Group LLC | $1,632 | 67 | 0.00% | Shares |
| ROTHSCHILD INVESTMENT LLC | $1,250 | 50 | 0.00% | Shares |
| Larson Financial Group LLC | $1,175 | 47 | 0.00% | Shares |
| IFP Advisors, Inc | $1,075 | 43 | 0.00% | Shares |
| Farther Finance Advisors, LLC | $1,037 | 41 | 0.00% | Shares |
| Essential Partners LLC | $975 | 39 | 0.00% | Shares |
| True Wealth Design, LLC | $925 | 37 | 0.00% | Shares |
Company insiders 27 insiders · 8 officers · 17 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Robert E Sandlin | President & CEO of FRTL | Dec. 3, 2014 A | 150 | 0 | 0 | $0 |
| John D Milton JR | Executive VP and CFO | Dec. 3, 2014 A | 4,500 | 0 | 0 | $0 |
| David H Devilliers JR | Sr. Advisor to Pres. & COO | March 10, 2026 D | 92,507 | 0 | 2 | $-138,825 |
| David H Devilliers III | Vice President | March 6, 2024 A | 25,027 | 0 | 0 | $0 |
| Terry S Phipps | Pres. of SunBelt Transport | June 1, 2009 M | 1,000 | 0 | 0 | $0 |
| Ray M Van Landingham | Vice President | Dec. 27, 2007 M | 0 | 0 | 0 | $0 |
| Gregory B Lechwar | Controller | Feb. 8, 2005 M | 0 | 0 | 0 | $0 |
| Rick J Copley | Former Vice President | May 3, 2004 M | 0 | 0 | 0 | $0 |
| John D. Baker II | Director | Aug. 18, 2026 P | 3,059,389 | 7 | 0 | $10,581,649 |
| Martin E Stein JR | Director | May 14, 2026 A | 146,720 | 0 | 0 | $0 |
| William H Walton III | Director | May 14, 2026 A | 53,387 | 0 | 0 | $0 |
| Matthew Mcafee | Director | May 12, 2025 A | 6,876 | 0 | 0 | $0 |
| Nicole B. Thomas | Director | May 12, 2025 A | 6,876 | 0 | 0 | $0 |
| Margaret B. Wetherbee | Director | May 12, 2025 A | 129,050 | 0 | 0 | $0 |
| John S Surface | Director | May 12, 2025 A | 12,928 | 0 | 0 | $0 |
| Thompson S Baker II | Director | Dec. 3, 2014 A | 14,630 | 0 | 0 | $0 |
| John E Anderson | Director | March 2, 2009 G | 21,100 | 0 | 0 | $0 |
| Harold William Shad III | Director | Feb. 4, 2009 A | 2,500 | 0 | 0 | $0 |
| Charles E Commander III | Director | Feb. 4, 2009 A | 2,000 | 0 | 0 | $0 |
| Robert H Paul III | Director | Feb. 4, 2009 A | 3,100 | 0 | 0 | $0 |
| Luke E Fichthorn III | Director | Feb. 4, 2009 A | 18,943 | 0 | 0 | $0 |
| James H Winston | Director | Feb. 4, 2009 A | 6,000 | 0 | 0 | $0 |
| Edward L Baker | Director | Feb. 8, 2007 A | 1,507 | 0 | 0 | $0 |
| Francis X Knott | Director | Feb. 4, 2004 M | 630 | 0 | 0 | $0 |
| John D. Baker III | — | Aug. 7, 2026 P | 303,591 | 1 | 0 | $148,988 |
| John D Klopfenstein | — | March 10, 2026 D | 31,680 | 0 | 0 | $0 |
| Jay H Skelton | — | Dec. 8, 2004 M | 0 | 0 | 0 | $0 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
Activists & 5%+ owners 5 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 |
|---|---|---|---|---|---|
| John D. Baker II, Edward L. Baker II, Separate Trust for John D. Baker II created under the Cynthia L. Baker Trust U/A/D April 30, 1965 | March 25, 2026 | 17.80% | Amendment | Passive investment | SEC |
| John D. Baker II and Edward L. Baker II, as trustees for the separate trust for John D. Baker II created under the Cynthia L. Baker Trust U/A/D April 30, 1965 the separate trust for John D. Baker II created under the Cynthia L. Baker Trust U/A/D April 30,, John D. Baker II 1., Edward L. Baker II 1. ×2 filings | Nov. 19, 2024 | — | Initial filing | Passive investment | SEC |
| Edward L. Baker Living Trust, Trust FBO Edward L. Baker U/A Cynthia L. Baker Trust dated 4/30/1965, John D. Baker Living Trust, Trust for John D. Baker II, Anne D. Baker Revocable Living Trust, Edward L’Engle Baker II Revocable Trust, John D. Baker III Revocable Living Trust, Susan A. Baker Revocable Living Trust, Thompson S. Baker II Revocable Living Trust, Martha F. Baker Revocable Living Trust, Julia Elizabeth Baker Trust, Mary Cameron Baker Trust, Samuel McDonald Baker Trust | April 13, 2020 | — | Initial filing | — | SEC |
| Edward L. Baker II | March 20, 2019 | — | Initial filing | — | SEC |
| Edward L. Baker, Edward L. Baker Living Trust, Trust FBO Edward L. Baker U/A Cynthia L. Baker Trust dated 4/30/1965, John D. Baker II, John D. Baker Living Trust, Trust for John D. Baker II, Trust FBO John D. Baker II U/A Cynthia L. Baker Trust dated 4/30/1965, Anne D. Baker Revocable Living Trust, Edward L. Baker II, Edward L’Engle Baker II Revocable Trust, John D. Baker III Revocable Living Trust, Susan A. Baker Revocable Living Trust, Thompson S. Baker II Revocable Living Trust, Martha F. Baker Revocable Living Trust, Julia Elizabeth Baker Trust, Mary Cameron Baker Trust, Samuel McDonald Baker Trust, Trust FBO Sarah B. Porter U/A Cynthia L. Baker Trust Dated 4/30/1965 | April 2, 2018 | — | 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 32 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 |
|---|---|---|---|---|
| DFSV · Dimensional ETF Trust | 0.02% | 83,934 NS | April 30, 2026 | N-PORT |
| AVSC · AMERICAN CENTURY ETF TRUST | 0.02% | 22,561 NS | May 31, 2026 | N-PORT |
| GSSC · Goldman Sachs ETF Trust | 0.02% | 7,562 NS | May 31, 2026 | N-PORT |
| DFAT · Dimensional ETF Trust | 0.02% | 99,276 NS | April 30, 2026 | N-PORT |
| EBIT · Harbor ETF Trust | 0.01% | 69 NS | April 30, 2026 | N-PORT |
| DFAS · Dimensional ETF Trust | 0.01% | 61,793 NS | April 30, 2026 | N-PORT |
| RSSL · Global X Funds | 0.01% | 5,104 NS | April 30, 2026 | N-PORT |
| ITWO · ProShares Trust | 0.01% | 548 NS | May 31, 2026 | N-PORT |
| SCHA · SCHWAB STRATEGIC TRUST | 0.01% | 58,622 NS | May 31, 2026 | N-PORT |
| UWM · ProShares Trust | 0.00% | 429 NS | May 31, 2026 | N-PORT |
| URTY · ProShares Trust | 0.00% | 436 NS | May 31, 2026 | N-PORT |
| DFAC · Dimensional ETF Trust | 0.00% | 38,357 NS | April 30, 2026 | N-PORT |
| MSSM · MORGAN STANLEY PATHWAY FUNDS | 0.00% | 478 NS | May 31, 2026 | N-PORT |
| HDG · ProShares Trust | 0.00% | 11 NS | May 31, 2026 | N-PORT |
| DCOR · Dimensional ETF Trust | 0.00% | 1,324 NS | April 30, 2026 | N-PORT |
| DFAU · Dimensional ETF Trust | 0.00% | 3,218 NS | April 30, 2026 | N-PORT |
| SCHB · SCHWAB STRATEGIC TRUST | 0.00% | 7,078 NS | May 31, 2026 | N-PORT |
| DFUS · Dimensional ETF Trust | 0.00% | 2,426 NS | April 30, 2026 | N-PORT |
| AVUS · AMERICAN CENTURY ETF TRUST | 0.00% | 870 NS | May 31, 2026 | N-PORT |
| AVSU · AMERICAN CENTURY ETF TRUST | 0.00% | 22 NS | May 31, 2026 | N-PORT |
| DXUV · Dimensional ETF Trust | 0.00% | 20 NS | April 30, 2026 | N-PORT |
| VXF · VANGUARD INDEX FUNDS | — | — | July 15, 2026 | Daily |
| VTI · VANGUARD INDEX FUNDS | — | — | July 15, 2026 | Daily |
| VTWO · VANGUARD SCOTTSDALE FUNDS | — | — | July 15, 2026 | Daily |
| VTWV · VANGUARD SCOTTSDALE FUNDS | — | — | July 15, 2026 | Daily |
| VTHR · VANGUARD SCOTTSDALE FUNDS | — | — | July 15, 2026 | Daily |
| ITOT · iShares Trust | — | — | July 22, 2026 | Daily |
| IWV · iShares Trust | — | — | Aug. 18, 2026 | Daily |
| IWN · iShares Trust | — | — | Aug. 17, 2026 | Daily |
| IWM · iShares Trust | — | — | Aug. 18, 2026 | Daily |
| IWC · iShares Trust | — | — | Aug. 18, 2026 | Daily |
| OMFS · Invesco Exchange-Traded Self-Indexe… | — | — | July 13, 2026 | Daily |