LGIH LGI Homes, Inc. - Common Stock
$59.94
Price · Aug 19, 2026
Fundamentals as of Aug 4, 2026
52W Range
$34–$70
73% of range
Analyst Rating
BUY
9 analysts
Price Target
$93
+55% upside
P/E (TTM)
19.2
ROE
3.5%
Net Profit Margin
4.2%
About LGI Homes, Inc. - Common Stock Company overview from Wikipedia
LGI Homes is a Texas-based builder of new construction homes and housing developments, with its development projects mostly focused in the southwestern region of the United States. According to Builder Magazine, LGI Homes is the tenth largest home builder in the United States. 2013, the company announced the pricing of its initial public offering: 9,000,000 shares at $11 per share. 2019, LGI Homes closed 7,690 homes, which was an 18.1% increase over 2018. Home sales revenue in 2019 was $1.8 billion, a 22.2% increase over 2018.
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LGI Homes is a Texas-based builder of new construction homes and housing developments, with its development projects mostly focused in the southwestern region of the United States. According to Builder Magazine, LGI Homes is the tenth largest home builder in the United States. 2013, the company announced the pricing of its initial public offering: 9,000,000 shares at $11 per share. 2019, LGI Homes closed 7,690 homes, which was an 18.1% increase over 2018. Home sales revenue in 2019 was $1.8 billion, a 22.2% increase over 2018.
## History
LGI Homes was founded in 2003 in The Woodlands, Texas by Thomas Lipar and began building in the Houston area. LGI Homes focuses on entry-level housing in the vicinity of major metropolitan areas. Its primary customer is the first-time homebuyer. The company saw sales trend upward from 2006 to 2008, when it was the only builder in the Builder Magazine Top-200 builders to generate unit sales and see revenue growth across that period. The company's growth slowed in 2009, when LGI Homes experienced a 9% drop in home sales, year-over-year.
In 2013, the company announced that they would be expanding to the southeast, and that plans to develop new home communities in Florida and Georgia were in place. LGI Homes began publicly trading shares of their company on 7 November 2013. The share price of the initial 9 million shares rose from $11 per share to $12.26 by market closing, an increase of 11%. The company planned to use the $90 million they raised to grow their company particularly in Texas.
In October 2014, the company purchased Oakmont Home Builders and expanded into North Carolina, South Carolina.
In 2015, they expanded into Colorado, and in 2018 LGI Homes acquired the assets of Wynn Homes. This acquisition earned the homebuilder over 200 under-construction homes and approximately 4,000 lots.
As of 25 February 2020, LGI Homes has operations in 31 markets in 18 states.
Source: Wikipedia, CC BY-SA 4.0 · View on Wikipedia ↗
LGIH Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
Price
$59.94
Market Cap
$1.39B
P/E (TTM)
19.2
EPS (TTM)
$3.12
Revenue (TTM)
$1.71B
Div Yield
—
ROE
3.5%
Debt/Equity
—
52W Range
$34 – $70
LGIH 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
$1.71B
2016-12-31
→
2025-12-31
EPS
$3.12
2016-12-31
→
2025-12-31
Free Cash Flow
$-141M
2024-12-31
→
2025-12-31
Margins
4.2%
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
Metric
5Y trend
LGIH
Peer Median
P/E (TTM)
19.2
14.0
P/S (TTM)
0.8
0.6
P/B
0.7
0.9
Price / FCF
-9.8
—
Profitability Gross, operating and net margins; ROE, ROA, ROIC
Metric
5Y trend
LGIH
Peer Median
Operating Margin
4.7%
—
Net Profit Margin
4.2%
3.4%
ROA
1.9%
3.1%
ROE
3.5%
8.8%
ROIC
2.8%
—
Financial Health Debt, liquidity, solvency — balance sheet strength
Metric
5Y trend
LGIH
Peer Median
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
Metric
5Y trend
LGIH
Peer Median
Revenue YoY
-22.6%
—
Revenue CAGR 3Y
-9.6%
—
Revenue CAGR 5Y
-6.3%
—
EPS YoY
-62.4%
—
Net Income YoY
-63.0%
—
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
Metric
5Y trend
LGIH
Peer Median
LGIH Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
BUY
9 analysts
- Strong Buy 2 22.2%
- Buy 5 55.6%
- Hold 2 22.2%
- Sell 0 0.0%
- Strong Sell 0 0.0%
12-Month Price Target
1 analysts · 2026-08-18
Low
$93.00
High
$93.00
Median target
$93.00
+55.2%
Mean target
$93.00
+55.2%
Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
Avg Surprise
0.02%
| Period | EPS Actual | EPS Est | Surprise |
|---|---|---|---|
| June 30, 2026 | $1.16 | $1.00 | 0.16% |
| March 31, 2026 | $0.24 | $0.02 | 0.22% |
| Dec. 31, 2025 | $0.97 | $0.98 | -0.01% |
| Sept. 30, 2025 | $0.85 | $0.95 | -0.10% |
| June 30, 2025 | $1.36 | $1.41 | -0.05% |
| March 31, 2025 | $0.54 | $0.64 | -0.10% |
Peer comparison (GICS sub-industry) Key metrics vs sector peers
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| LGIH | $994M | 13.8 | -22.6% | 4.2% | 3.5% | — |
| MHO | — | 8.7 | -1.9% | 9.1% | 13.2% | — |
| KBH | — | 10.5 | -10.0% | 6.9% | 10.9% | — |
| GRBK | — | 8.9 | -1.0% | 15.3% | — | 31.4% |
| CCS | $1.72B | 12.2 | -6.4% | 3.6% | 5.7% | — |
| DFH | — | 8.0 | -2.9% | — | — | — |
| BZH | $731M | 16.2 | 1.8% | 1.9% | 3.7% | 14.2% |
| HOV | — | — | — | — | — | — |
| SDHC | — | 14.1 | -0.45% | 1.1% | 13.3% | 21.9% |
| LEGH | $465M | 11.2 | -10.7% | 25.4% | 8.0% | — |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement 13
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.71B | $2.20B | $2.36B | $2.30B | $3.05B | $2.37B | $1.84B | $1.50B | $1.26B | $838M | $630M | $383M | |
| Cost of Revenue | $1.35B | $1.67B | $1.82B | $1.66B | $2.23B | $1.76B | $1.40B | $1.12B | $938M | $617M | $463M | $280M | |
| SG&A Expense | $112M | $121M | $117M | $112M | $100M | $90M | $77M | $70M | $56M | $43M | $34M | $24M | |
| Operating Income | $80M | $212M | $233M | $390M | $548M | $365M | $228M | $200M | $170M | $111M | $80M | $42M | |
| Interest Expense | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Pretax Income | $98M | $259M | $262M | $418M | $543M | $368M | $232M | $199M | $171M | $114M | $80M | $43M | |
| Income Tax | $26M | $63M | $63M | $92M | $113M | $44M | $53M | $44M | $58M | $39M | $27M | $15M | |
| Net Income | $73M | $196M | $199M | $327M | $430M | $324M | $179M | $155M | $113M | $75M | $53M | $28M | |
| EPS (Basic) | $3.13 | $8.33 | $8.48 | $13.90 | $17.46 | $12.89 | $7.70 | $6.89 | $5.24 | $3.61 | $2.65 | $1.37 | |
| EPS (Diluted) | $3.12 | $8.30 | $8.42 | $13.76 | $17.25 | $12.76 | $7.02 | $6.24 | $4.73 | $3.41 | $2.44 | $1.33 | |
| Shares (Basic) | 23,188,965 | 23,529,724 | 23,507,136 | 23,486,465 | 24,607,231 | 25,135,077 | 23,191,595 | 22,551,762 | 21,604,932 | 20,798,333 | 19,939,761 | 20,666,758 | |
| Shares (Diluted) | 23,254,595 | 23,610,457 | 23,648,548 | 23,730,770 | 24,908,991 | 25,380,560 | 25,430,841 | 24,892,274 | 23,933,122 | 22,024,091 | 21,740,719 | 21,202,967 | |
| EBITDA | $84M | $215M | $236M | $392M | $549M | $365M | $228M | $201M | $171M | $113M | $81M | $43M |
Balance Sheet 15
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | · | $53M | $49M | $32M | $51M | $36M | $38M | $47M | $68M | $50M | $38M | $31M | |
| PP&E (Net) | $107M | $57M | $46M | $33M | $17M | $4M | $2M | $1M | $2M | $2M | $2M | $2M | |
| PP&E (Gross) | $118M | $64M | $51M | $36M | $19M | $8M | $6M | $5M | $5M | $4M | $4M | $3M | |
| Accum. Depreciation | $11M | $7M | $6M | $3M | $2M | $5M | $4M | $3M | $3M | $2M | $2M | $967.0K | |
| Goodwill | $12M | $12M | $12M | $12M | $12M | $12M | $12M | $12M | $12M | $12M | · | · | |
| Total Assets | $3.93B | $3.76B | $3.41B | $3.12B | $2.35B | $1.83B | $1.67B | $1.40B | $1.08B | $815M | $619M | $438M | |
| Total Liabilities | $1.83B | $1.72B | $1.55B | $1.48B | $956M | $687M | $821M | $740M | $590M | $459M | $371M | $256M | |
| Long-term Debt | $1.66B | $1.48B | $1.25B | $1.12B | $805M | $538M | $691M | $654M | $475M | $400M | $305M | $216M | |
| Common Stock | $277.0K | $276.0K | $275.0K | $272.0K | $269.0K | $267.0K | $264.0K | $237.0K | $228.0K | $223.0K | $213.0K | $208.0K | |
| Paid-in Capital | $347M | $337M | $321M | $307M | $292M | $271M | $253M | $242M | $230M | $208M | $176M | $164M | |
| Retained Earnings | $2.16B | $2.09B | $1.89B | $1.69B | $1.36B | $934M | $610M | $432M | $276M | $163M | $88M | $35M | |
| Treasury Stock | $410M | $386M | $355M | $355M | $260M | $66M | $18M | $18M | $17M | $17M | $17M | $17M | |
| Stockholders' Equity | $2.10B | $2.04B | $1.86B | $1.64B | $1.40B | $1.14B | $845M | $656M | $490M | $355M | $247M | $182M | |
| Liabilities + Equity | $3.93B | $3.76B | $3.41B | $3.12B | $2.35B | $1.83B | $1.67B | $1.40B | $1.08B | $815M | $619M | $438M | |
| Shares Outstanding | 23,133,086 | 23,397,074 | 23,581,648 | 23,305,806 | 23,917,359 | 24,983,561 | 25,359,409 | 22,707,385 | 21,845,580 | 21,311,310 | 20,270,389 | 19,849,044 |
Cash Flow 15
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $4M | $3M | $2M | $2M | $1M | $710.0K | $643.0K | $711.0K | $791.0K | $1M | $883.0K | $825.0K | |
| Stock-based Comp | $6M | $10M | $9M | $9M | $14M | $14M | $8M | $6M | $4M | $3M | $2M | $862.0K | |
| Deferred Tax | $-633.0K | $-1M | $-2M | $12.0K | $788.0K | $-2M | $-2M | $-724.0K | $-2M | $-3M | $41.0K | $-4.0K | |
| Other Non-cash | $-222M | $-352M | $-266M | $-708M | $-423M | $-134M | $-227M | $-278M | $-185M | $-185M | · | $-203M | |
| Operating Cash Flow | $-140M | $-144M | $-57M | $-370M | $22M | $202M | $-42M | $-117M | $-68M | $-108M | $-89M | $-173M | |
| CapEx | $924.0K | $2M | $1M | $1M | · | · | · | · | · | · | · | · | |
| Investing Cash Flow | $28M | $16M | $-14M | $-6M | $-70M | $-6M | $-2M | $-75M | $-518.0K | $-722.0K | $-1M | $-16M | |
| Stock Issued | $4M | $5M | $5M | $6M | $7M | $4M | $3M | $3M | $17M | $29M | $10M | $0 | |
| Stock Repurchased | $24M | $31M | $0 | $95M | $194M | $48M | $0 | $2M | $0 | $0 | $0 | $17M | |
| Net Stock Activity | $-20M | $-26M | $5M | $-89M | $-187M | $-44M | $3M | $1M | $17M | $29M | $0 | $-17M | |
| Financing Cash Flow | $120M | $132M | $88M | $358M | $63M | $-199M | $35M | $171M | $87M | $121M | $96M | $167M | |
| Net Change in Cash | $8M | $4M | $17M | $-19M | $15M | $-2M | $-8M | $-21M | $18M | $12M | $6M | $-23M | |
| Taxes Paid | $62M | $35M | $96M | · | · | · | · | · | · | · | · | · | |
| Free Cash Flow | $-141M | $-146M | · | · | · | · | · | · | · | · | · | · | |
| Levered FCF | $-141M | $-146M | · | · | · | · | · | · | · | · | · | · |
Profitability 7
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Margin | 4.7% | 9.6% | 9.9% | 16.9% | 18.0% | 15.4% | 12.4% | 13.3% | 13.5% | 13.3% | 12.6% | 11.1% | |
| Net Margin | 4.2% | 8.9% | 8.5% | 14.2% | 14.1% | 13.7% | 9.7% | 10.3% | 9.0% | 8.9% | · | 7.4% | |
| Pretax Margin | 5.8% | 11.8% | 11.1% | 18.1% | 17.8% | 15.5% | 12.6% | 13.2% | 13.6% | 13.6% | 12.7% | 11.2% | |
| EBITDA Margin | 4.9% | 9.8% | 10.0% | 17.0% | 18.0% | 15.4% | 12.4% | 13.4% | 13.6% | 13.4% | 12.8% | 11.3% | |
| ROA | 1.9% | 5.5% | 6.1% | 11.9% | 20.6% | 18.6% | 11.7% | 12.6% | 12.0% | 10.5% | · | 8.6% | |
| ROE | 3.5% | 9.7% | 10.9% | 20.1% | 31.5% | 30.1% | 22.0% | 24.5% | 26.8% | 24.9% | · | 16.3% | |
| ROIC | 2.8% | 7.9% | 9.6% | 18.6% | 31.1% | 28.2% | 20.7% | 23.8% | 22.9% | 20.7% | 21.2% | 15.2% |
Efficiency 1
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.4 | 0.6 | 0.7 | 0.8 | 1.5 | 1.4 | 1.2 | 1.2 | 1.3 | 1.2 | 1.2 | 1.2 |
Growth Rates 9
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue YoY | -22.6% | -6.6% | 2.4% | -24.4% | 28.8% | · | · | · | · | · | · | · | |
| Revenue CAGR 3Y | -9.6% | -10.3% | -0.13% | · | · | · | · | · | · | · | · | · | |
| Revenue CAGR 5Y | -6.3% | · | · | · | · | · | · | · | · | · | · | · | |
| EPS YoY | -62.4% | -1.4% | -38.8% | -20.2% | 35.2% | · | · | · | · | · | · | · | |
| EPS CAGR 3Y | -39.0% | -21.6% | -12.9% | · | · | · | · | · | · | · | · | · | |
| EPS CAGR 5Y | -24.6% | · | · | · | · | · | · | · | · | · | · | · | |
| Net Income YoY | -63.0% | -1.6% | -39.0% | -24.0% | 32.6% | · | · | · | · | · | · | · | |
| Net Income CAGR 3Y | -39.4% | -23.0% | -15.0% | · | · | · | · | · | · | · | · | · | |
| Net Income CAGR 5Y | -25.9% | · | · | · | · | · | · | · | · | · | · | · |
Valuation (TTM) 10
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $1.71B | $2.20B | $2.36B | $2.30B | $3.05B | $2.37B | $1.84B | $1.50B | $1.26B | $838M | $630M | $383M | |
| Net Income TTM | $73M | $196M | $199M | $327M | $430M | $324M | $179M | $155M | $113M | $75M | $53M | $28M | |
| Market Cap | $994M | $2.09B | $3.14B | $2.16B | $3.69B | $2.64B | $1.79B | $1.03B | $1.64B | $612M | $493M | $296M | |
| P/E | 13.8 | 10.8 | 15.8 | 6.7 | 9.0 | 8.3 | 10.1 | 7.2 | 15.9 | 8.4 | 10.0 | 11.2 | |
| P/S | 0.6 | 0.9 | 1.3 | 0.9 | 1.2 | 1.1 | 1.0 | 0.7 | 1.3 | 0.7 | 0.8 | 0.8 | |
| P/B | 0.5 | 1.0 | 1.7 | 1.3 | 2.6 | 2.3 | 2.1 | 1.6 | 3.3 | 1.7 | 2.0 | 1.6 | |
| P / Tangible Book | 0.5 | 1.0 | 1.7 | 1.3 | 2.7 | 2.3 | · | · | · | · | · | · | |
| P / Cash Flow | -7.1 | -14.6 | -55.1 | -5.8 | 170.3 | 13.1 | -42.7 | -8.8 | -23.9 | -5.7 | -5.5 | -1.7 | |
| P / FCF | -7.1 | -14.4 | · | · | · | · | · | · | · | · | · | · | |
| Earnings Yield | 7.3% | 9.3% | 6.3% | 14.9% | 11.2% | 12.0% | 9.9% | 13.8% | 6.3% | 11.9% | 10.0% | 8.9% |
Income Statement 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $516M | $320M | · | $397M | $488M | $351M | $557M | $652M | $602M | $391M | $608M | $618M | $645M | $487M | $488M | $547M | |
| Cost of Revenue | $414M | $260M | $390M | $312M | $379M | $278M | $430M | $488M | $452M | $299M | $466M | $459M | $503M | $389M | $387M | $391M | |
| SG&A Expense | $29M | $28M | $23M | $28M | $29M | $31M | $31M | $28M | $30M | $32M | $33M | $27M | $28M | $30M | $27M | $27M | |
| Operating Income | · | $-582.0K | $19M | $21M | $40M | $169.0K | $46M | $80M | $68M | $19M | $60M | $82M | $65M | $26M | $41M | $95M | |
| Interest Expense | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Pretax Income | $37M | $4M | $24M | $27M | $42M | $6M | $67M | $92M | $77M | $23M | $69M | $89M | $71M | $32M | $47M | $109M | |
| Income Tax | $10M | $2M | $7M | $7M | $11M | $2M | $16M | $22M | $18M | $6M | $16M | $22M | $18M | $5M | $13M | $18M | |
| Net Income | $27M | $2M | $17M | $20M | $32M | $4M | $51M | $70M | $59M | $17M | $52M | $67M | $53M | $27M | $34M | $90M | |
| EPS (Basic) | $1.16 | $0.09 | $0.75 | $0.85 | $1.36 | $0.17 | $2.16 | $2.96 | $2.49 | $0.72 | $2.22 | $2.85 | $2.26 | $1.15 | $1.48 | $3.88 | |
| EPS (Diluted) | $1.16 | $0.09 | $0.74 | $0.85 | $1.36 | $0.17 | $2.15 | $2.95 | $2.48 | $0.72 | $2.19 | $2.84 | $2.25 | $1.14 | $1.46 | $3.85 | |
| Shares (Basic) | 23,201,571 | 23,149,912 | -46,485,974 | 23,056,904 | 23,221,565 | 23,396,470 | -47,092,579 | 23,500,349 | 23,543,378 | 23,578,576 | -46,953,316 | 23,546,061 | 23,533,097 | 23,381,294 | -47,176,399 | 23,272,811 | |
| Shares (Diluted) | 23,279,553 | 23,219,224 | -46,626,218 | 23,149,005 | 23,265,062 | 23,466,746 | -47,247,799 | 23,579,592 | 23,603,311 | 23,675,353 | -47,230,809 | 23,640,686 | 23,608,892 | 23,629,779 | -47,697,729 | 23,488,325 | |
| EBITDA | · | $608.0K | · | $21M | $40M | $1M | · | $80M | $68M | $19M | · | $82M | $65M | $27M | · | $95M |
Balance Sheet 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| PP&E (Net) | $150M | $125M | $107M | $102M | $94M | $67M | $57M | $62M | $56M | $50M | · | $42M | $38M | $35M | · | $26M | |
| PP&E (Gross) | · | · | $118M | · | · | · | $64M | · | · | · | · | · | · | · | · | · | |
| Accum. Depreciation | · | · | $11M | · | · | · | $7M | · | · | · | · | · | · | · | · | · | |
| Goodwill | $12M | $12M | $12M | $12M | $12M | $12M | $12M | $12M | $12M | $12M | · | $12M | $12M | $12M | · | $12M | |
| Total Assets | $3.92B | $4.01B | $3.93B | $4.04B | $4.01B | $3.89B | $3.76B | $3.83B | $3.70B | $3.52B | · | $3.34B | $3.14B | $3.10B | · | $3.11B | |
| Total Liabilities | $1.79B | $1.91B | $1.83B | $1.96B | $1.95B | $1.85B | $1.72B | $1.83B | $1.78B | $1.65B | · | $1.53B | $1.41B | $1.43B | · | $1.51B | |
| Long-term Debt | · | · | $1.66B | · | · | · | · | · | · | · | · | · | · | · | · | · | |
| Common Stock | $279.0K | $278.0K | $277.0K | $277.0K | $277.0K | $277.0K | $276.0K | $276.0K | $276.0K | $276.0K | · | $275.0K | $275.0K | $275.0K | · | $272.0K | |
| Paid-in Capital | $354M | $351M | $347M | $348M | $345M | $342M | $337M | $335M | $331M | $327M | · | $320M | $315M | $312M | · | $305M | |
| Retained Earnings | $2.19B | $2.16B | $2.16B | $2.14B | $2.12B | $2.09B | $2.09B | $2.03B | $1.97B | $1.91B | · | $1.84B | $1.77B | $1.72B | · | $1.66B | |
| Treasury Stock | $410M | $410M | $410M | $410M | $410M | $389M | $386M | $373M | $373M | $365M | · | $355M | $355M | $355M | · | $355M | |
| Stockholders' Equity | $2.13B | $2.10B | $2.10B | $2.08B | $2.06B | $2.04B | $2.04B | $2.00B | $1.92B | $1.87B | $1.86B | $1.80B | $1.73B | $1.67B | $1.64B | $1.61B | |
| Liabilities + Equity | $3.92B | $4.01B | $3.93B | $4.04B | $4.01B | $3.89B | $3.76B | $3.83B | $3.70B | $3.52B | · | $3.34B | $3.14B | $3.10B | · | $3.11B | |
| Shares Outstanding | 23,248,272 | 23,232,279 | 23,133,086 | 23,079,100 | 23,056,635 | 23,404,502 | 23,397,074 | 23,513,488 | 23,500,280 | 23,567,441 | · | 23,563,868 | 23,546,041 | 23,532,734 | · | 23,290,286 |
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 | $1M | $1M | $1M | $1M | $1M | $861.0K | $828.0K | $830.0K | $777.0K | $673.0K | $628.0K | $793.0K | $505.0K | $482.0K | $442.0K | $404.0K | |
| Stock-based Comp | $2M | $3M | $-1M | $2M | $3M | $3M | $2M | $2M | $3M | $4M | $340.0K | $3M | $2M | $3M | $557.0K | $2M | |
| Other Non-cash | · | $-62M | · | · | · | $-135M | · | · | · | $-121M | · | · | · | $47M | · | · | |
| Operating Cash Flow | $115M | $-56M | $87M | $-13M | $-86M | $-127M | $57M | $-18M | $-83M | $-99M | $-34M | $-116M | $15M | $78M | $-11M | $-96M | |
| CapEx | $816.0K | $696.0K | $0 | $39.0K | $54.0K | $831.0K | $607.0K | $64.0K | $280.0K | $1M | $595.0K | $577.0K | $195.0K | $76.0K | · | · | |
| Investing Cash Flow | $19M | $6M | $14M | $12M | $2M | $-245.0K | $22M | $-4M | $-5M | $2M | $-6M | $-754.0K | $-2M | $-5M | $-4M | $349.0K | |
| Stock Issued | $954.0K | $1M | $651.0K | $918.0K | $848.0K | $1M | $813.0K | $1M | $1M | $2M | $927.0K | $1M | $1M | $2M | $759.0K | $1M | |
| Stock Repurchased | · | $0 | $0 | $0 | $21M | $3M | $13M | $0 | $8M | $10M | $0 | $0 | $0 | $0 | $0 | $0 | |
| Net Stock Activity | · | $1M | · | · | · | $-2M | · | · | · | $-8M | · | · | · | $2M | · | · | |
| Financing Cash Flow | $-133M | $49M | $-101M | $3M | $86M | $132M | $-87M | $31M | $91M | $97M | $42M | $120M | $-13M | $-62M | $-6M | $107M | |
| Net Change in Cash | $221.0K | $-387.0K | $-732.0K | $2M | $2M | $4M | $-8M | $10M | $2M | $18.0K | $2M | $4M | $368.0K | $11M | $-21M | $11M | |
| Free Cash Flow | · | $-56M | · | · | · | $-128M | · | · | · | $-100M | · | · | · | · | · | · | |
| Levered FCF | · | $-56M | · | · | · | $-128M | · | · | · | $-100M | · | · | · | · | · | · |
Profitability 7
| 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 | · | -0.18% | · | 5.4% | 8.2% | 0.05% | · | 12.3% | 11.2% | 4.8% | · | 13.3% | 10.1% | 5.3% | · | 17.3% | |
| Net Margin | 5.2% | 0.68% | · | 5.0% | 6.5% | 1.1% | · | 10.7% | 9.7% | 4.4% | · | 10.9% | 8.2% | 5.5% | · | 16.5% | |
| Pretax Margin | 7.1% | 1.4% | · | 6.7% | 8.7% | 1.6% | · | 14.1% | 12.8% | 5.9% | · | 14.5% | 11.1% | 6.6% | · | 19.9% | |
| EBITDA Margin | · | 0.19% | · | 5.4% | 8.2% | 0.29% | · | 12.3% | 11.2% | 5.0% | · | 13.3% | 10.1% | 5.4% | · | 17.3% | |
| ROA | 0.68% | 0.05% | · | 0.50% | 0.82% | 0.11% | · | 1.9% | 1.7% | 0.51% | · | 2.1% | 1.8% | 0.95% | · | 3.4% | |
| ROE | 1.3% | 0.10% | · | 0.97% | 1.6% | 0.20% | · | 3.7% | 3.2% | 0.96% | · | 3.9% | 3.3% | 1.7% | · | 6.1% | |
| ROIC | · | -0.01% | · | 0.76% | 1.4% | 0.01% | · | 3.0% | 2.7% | 0.74% | · | 3.4% | 2.8% | 1.3% | · | 4.9% |
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 | 0.1 | 0.1 | · | 0.1 | 0.1 | 0.1 | · | 0.2 | 0.2 | 0.1 | · | 0.2 | 0.2 | 0.2 | · | 0.2 |
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 | $1.72B | $1.55B | · | $1.88B | $2.09B | $2.00B | · | $2.26B | $2.26B | $2.14B | · | $2.30B | $2.40B | $2.30B | · | $2.62B | |
| Net Income TTM | $80M | $57M | · | $125M | $164M | $149M | · | $212M | $196M | $164M | · | $238M | $294M | $319M | · | $404M | |
| Market Cap | $1.48B | $918M | · | $1.19B | $1.19B | $1.56B | · | $2.79B | $2.10B | $2.74B | · | $2.34B | $3.18B | $2.68B | · | $1.90B | |
| P/E | 18.4 | 16.0 | · | 9.7 | 7.4 | 10.5 | · | 13.2 | 10.8 | 16.7 | · | 9.9 | 10.8 | 8.5 | · | 4.8 | |
| P/S | 0.9 | 0.6 | · | 0.6 | 0.6 | 0.8 | · | 1.2 | 0.9 | 1.3 | · | 1.0 | 1.3 | 1.2 | · | 0.7 | |
| P/B | 0.7 | 0.4 | · | 0.6 | 0.6 | 0.8 | · | 1.4 | 1.1 | 1.5 | · | 1.3 | 1.8 | 1.6 | · | 1.2 | |
| P / Tangible Book | 0.7 | 0.4 | · | 0.6 | 0.6 | 0.8 | · | 1.4 | 1.1 | 1.5 | · | 1.3 | 1.8 | 1.6 | · | 1.2 | |
| P / Cash Flow | · | -16.5 | · | · | · | -12.2 | · | · | · | -27.6 | · | · | · | 34.6 | · | · | |
| P / FCF | · | -16.3 | · | · | · | -12.2 | · | · | · | -27.3 | · | · | · | · | · | · | |
| Earnings Yield | 5.4% | 6.2% | · | 10.3% | 13.5% | 9.5% | · | 7.6% | 9.3% | 6.0% | · | 10.1% | 9.2% | 11.8% | · | 20.7% |
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 | $1.71B | $2.20B | $2.36B | $2.30B | $3.05B |
| Operating Margin % | 4.7% | 9.6% | 9.9% | 16.9% | 18.0% |
| Net Income | $73M | $196M | $199M | $327M | $430M |
| Diluted EPS | $3.12 | $8.30 | $8.42 | $13.76 | $17.25 |
Cash Flow
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Free Cash Flow | $-141M | $-146M | — | — | — |
Latest News Recent headlines mentioning this company
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Institutional owners (13F) 282 filers · $954.6M 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 |
|---|---|---|---|---|
| 77 (+41 vs prior Q) | 18 (-21 vs prior Q) | 67 (+5 vs prior Q) | 77 (-1 vs prior Q) | +1.5M |
Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.
| Institution | Value | Shares | % of tracked 13F | Type |
|---|---|---|---|---|
| VANGUARD PORTFOLIO MANAGEMENT LLC | $82,381,033 | 1,293,672 | 8.63% | Shares |
| STATE STREET CORP | $76,888,951 | 1,207,427 | 8.05% | Shares |
| Atlas FRM LLC | $61,578,560 | 967,000 | 6.45% | Shares |
| VANGUARD CAPITAL MANAGEMENT LLC | $56,251,282 | 883,343 | 5.89% | Shares |
| DISCIPLINED GROWTH INVESTORS INC /MN | $51,903,626 | 815,069 | 5.44% | Shares |
| River Road Asset Management, LLC | $50,851,155 | 798,542 | 5.33% | Shares |
| CDAM (UK) Ltd | $46,197,930 | 725,470 | 4.84% | Shares |
| Altshuler Shaham Ltd | $44,576,000 | 700,000 | 4.67% | Shares |
| DIMENSIONAL FUND ADVISORS LP | $44,514,039 | 699,027 | 4.66% | Shares |
| CITADEL ADVISORS LLC | $34,824,108 | 546,861 | 3.65% | Shares |
| FRONTIER CAPITAL MANAGEMENT CO LLC | $33,476,512 | 525,699 | 3.51% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $30,486,063 | 478,630 | 3.19% | Shares |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $29,206,832 | 458,650 | 3.06% | Shares |
| MILLENNIUM MANAGEMENT LLC | $22,786,232 | 357,824 | 2.39% | Shares |
| TWO SIGMA INVESTMENTS, LP | $19,372,475 | 304,216 | 2.03% | Shares |
| Oakum Bay Capital LLC | $14,444,657 | 365,410 | 1.51% | Shares |
| Trexquant Investment LP | $13,451,317 | 211,233 | 1.41% | Shares |
| GOLDMAN SACHS GROUP INC | $12,253,879 | 192,429 | 1.28% | Shares |
| Philadelphia Financial Management of San Francisco, LLC | $11,155,144 | 175,175 | 1.17% | Shares |
| GILDER GAGNON HOWE & CO LLC | $10,862,419 | 170,578 | 1.14% | Shares |
| ROYCE & ASSOCIATES LP | $8,653,093 | 135,884 | 0.91% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $8,596,609 | 134,997 | 0.90% | Shares |
| Voss Capital, LP | $7,960,000 | 125,000 | 0.83% | Shares |
| WASATCH ADVISORS LP | $7,265,298 | 183,792 | 0.76% | Shares |
| FIRST TRUST ADVISORS LP | $6,302,728 | 98,975 | 0.66% | Shares |
| PRINCIPAL FINANCIAL GROUP INC | $6,264,392 | 98,373 | 0.66% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $5,826,720 | 91,500 | 0.61% | Call option |
| BANK OF AMERICA CORP /DE/ | $5,048,168 | 79,274 | 0.53% | Shares |
| Balyasny Asset Management L.P. | $4,877,251 | 76,590 | 0.51% | Shares |
| Point72 Asset Management, L.P. | $4,534,016 | 71,200 | 0.47% | Shares |
| Public Sector Pension Investment Board | $4,475,048 | 70,274 | 0.47% | Shares |
| RAYMOND JAMES FINANCIAL INC | $4,273,183 | 67,104 | 0.45% | Shares |
| Sparta 24 Ltd. | $4,193,710 | 65,856 | 0.44% | Shares |
| TWO SIGMA ADVISERS, LP | $3,905,064 | 90,900 | 0.41% | Shares |
| Squarepoint Ops LLC | $3,655,614 | 57,406 | 0.38% | Shares |
| Cubist Systematic Strategies, LLC | $3,410,159 | 65,948 | 0.36% | Shares |
| Graham Capital Management, L.P. | $3,338,615 | 52,428 | 0.35% | Shares |
| RHUMBLINE ADVISERS | $3,312,552 | 52,019 | 0.35% | Shares |
| Numerai GP LLC | $3,198,137 | 50,222 | 0.34% | Shares |
| D. E. Shaw & Co., Inc. | $3,158,528 | 49,600 | 0.33% | Call option |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $3,082,112 | 48,400 | 0.32% | Put option |
| JANE STREET GROUP, LLC | $3,031,168 | 47,600 | 0.32% | Call option |
| BlackRock, Inc. | $2,902,089 | 45,573 | 0.30% | Shares |
| BARCLAYS PLC | $2,875,470 | 45,155 | 0.30% | Shares |
| OneDigital Investment Advisors LLC | $2,738,558 | 43,005 | 0.29% | Shares |
| Quantinno Capital Management LP | $2,670,803 | 41,941 | 0.28% | Shares |
| Swiss National Bank | $2,596,934 | 40,781 | 0.27% | Shares |
| AMERICAN CENTURY COMPANIES INC | $2,533,127 | 39,779 | 0.27% | Shares |
| Rafferty Asset Management, LLC | $2,485,558 | 39,032 | 0.26% | Shares |
| FIFTH THIRD BANCORP | $2,451,362 | 38,495 | 0.26% | Shares |
| Aquatic Capital Management LLC | $2,434,041 | 38,223 | 0.25% | Shares |
| KTF INVESTMENTS, LLC | $2,395,642 | 37,620 | 0.25% | Shares |
| CAXTON ASSOCIATES LLP | $2,151,429 | 33,785 | 0.23% | Shares |
| AMERIPRISE FINANCIAL INC | $2,139,712 | 33,601 | 0.22% | Shares |
| D. E. Shaw & Co., Inc. | $2,062,213 | 32,384 | 0.22% | Shares |
| Legal & General Group Plc | $1,994,521 | 31,321 | 0.21% | Shares |
| Quantbot Technologies LP | $1,972,743 | 30,979 | 0.21% | Shares |
| COMERICA BANK | $1,928,990 | 44,902 | 0.20% | Shares |
| XTX Topco Ltd | $1,872,574 | 29,406 | 0.20% | Shares |
| CITADEL ADVISORS LLC | $1,872,192 | 29,400 | 0.20% | Call option |
| MONTGOMERY INVESTMENT MANAGEMENT INC | $1,853,725 | 29,110 | 0.19% | Shares |
| CITADEL ADVISORS LLC | $1,814,880 | 28,500 | 0.19% | Put option |
| DEUTSCHE BANK AG\ | $1,622,694 | 25,482 | 0.17% | Shares |
| Walleye Trading LLC | $1,561,816 | 24,526 | 0.16% | Shares |
| PRUDENTIAL FINANCIAL INC | $1,350,016 | 21,200 | 0.14% | Shares |
| Campbell & CO Investment Adviser LLC | $1,330,339 | 20,891 | 0.14% | Shares |
| EntryPoint Capital, LLC | $1,175,596 | 18,461 | 0.12% | Shares |
| Shay Capital LLC | $1,127,136 | 17,700 | 0.12% | Shares |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | $1,121,071 | 28,360 | 0.12% | Shares |
| JANE STREET GROUP, LLC | $1,108,032 | 17,400 | 0.12% | Put option |
| Mariner, LLC | $1,090,910 | 17,131 | 0.11% | Shares |
| GM Advisory Group, Inc. | $983,151 | 24,871 | 0.10% | Shares |
| ALLIANCEBERNSTEIN L.P. | $919,270 | 23,255 | 0.10% | Shares |
| SIMPLEX TRADING, LLC | $917,756 | 14,412 | 0.10% | Shares |
| HSBC HOLDINGS PLC | $913,936 | 14,343 | 0.10% | Shares |
| MORGAN STANLEY | $904,320 | 14,201 | 0.09% | Shares |
| CastleKnight Management LP | $872,416 | 13,700 | 0.09% | Shares |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC | $855,632 | 14,407 | 0.09% | Shares |
| D. E. Shaw & Co., Inc. | $846,944 | 13,300 | 0.09% | Put option |
| VANGUARD ASSET MANAGEMENT, Ltd | $828,095 | 13,004 | 0.09% | Shares |
| MetLife Investment Management, LLC | $777,151 | 12,204 | 0.08% | Shares |
| TUDOR INVESTMENT CORP ET AL | $774,030 | 12,155 | 0.08% | Shares |
| Dynamic Technology Lab Private Ltd | $744,000 | 11,690 | 0.08% | Shares |
| Engineers Gate Manager LP | $722,131 | 11,340 | 0.08% | Shares |
| MERCER GLOBAL ADVISORS INC /ADV | $714,448 | 11,219 | 0.07% | Shares |
| BOOTHBAY FUND MANAGEMENT, LLC | $711,751 | 11,177 | 0.07% | Shares |
| JPMORGAN CHASE & CO | $710,050 | 11,196 | 0.07% | Shares |
| Prospera Financial Services Inc | $709,883 | 11,148 | 0.07% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $695,959 | 10,929 | 0.07% | Shares |
| VANGUARD GROUP INC | $688,090 | 16,017 | 0.07% | Shares |
| SCHRODER INVESTMENT MANAGEMENT GROUP | $684,302 | 10,790 | 0.07% | Shares |
| Walleye Capital LLC | $664,437 | 10,434 | 0.07% | Shares |
| ALLSTATE CORP | $656,350 | 10,307 | 0.07% | Shares |
| Universal- Beteiligungs- und Servicegesellschaft mbH | $638,074 | 10,020 | 0.07% | Shares |
| Illinois Municipal Retirement Fund | $630,687 | 9,904 | 0.07% | Shares |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | $611,965 | 9,610 | 0.06% | Shares |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM | $603,241 | 9,473 | 0.06% | Shares |
| Louisiana State Employees Retirement System | $573,120 | 9,000 | 0.06% | Shares |
| Stonegate Management LLC | $568,810 | 11,000 | 0.06% | Shares |
| CAPTRUST FINANCIAL ADVISORS | $551,214 | 8,656 | 0.06% | Shares |
Company insiders 12 insiders · 6 officers · 4 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Eric Thomas Lipar | Chief Executive Officer and Chairman of the Board | Nov. 14, 2013 J | 37,500 | 0 | 0 | $0 |
| Charles Michael Merdian | Chief Financial Officer, Secretary and Treasurer | Nov. 14, 2013 J | 13,636 | 0 | 0 | $0 |
| Michael Larry Snider | President and Chief Operating Officer | Nov. 14, 2013 J | 61,388 | 0 | 0 | $0 |
| Jack Anthony Lipar | Executive Vice President of Acquisitions | Nov. 14, 2013 J | 17,326 | 0 | 0 | $0 |
| Rachel Lyons Eaton | Chief Marketing Officer | Nov. 14, 2013 J | 13,636 | 0 | 0 | $0 |
| Margaret Mary Britton | Chief Administrative Officer | Nov. 14, 2013 J | 3,409 | 0 | 0 | $0 |
| Bryan Christopher Sansbury | Director | Nov. 14, 2013 J | 171,016 | 0 | 0 | $0 |
| Steven Randal Smith | Director | Nov. 14, 2013 J | 27,273 | 0 | 0 | $0 |
| Robert Karnig Vahradian | Director | Nov. 13, 2013 P | 51,519 | 0 | 0 | $0 |
| Thomas E Lipar | 10% owner | April 23, 2015 S | 2,016,272 | 0 | 0 | $0 |
| Maria Renna Sharpe | — | Dec. 15, 2025 A | 8,783 | 0 | 0 | $0 |
| Duncan S Gage | — | Nov. 14, 2013 J | 18,636 | 0 | 0 | $0 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
Activists & 5%+ owners 1 position
Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.
| Filer | Filed | Stake | Status | Purpose | Filing |
|---|---|---|---|---|---|
| Eric T. Lipar | Nov. 15, 2013 | — | 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 61 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 |
|---|---|---|---|---|
| PKB · Invesco Exchange-Traded Fund Trust | 3.50% | 221,503 SH | Aug. 8, 2026 | Daily |
| RZV · Invesco Exchange-Traded Fund Trust | 0.85% | 43,467 SH | Aug. 8, 2026 | Daily |
| HOMZ · ETF Series Solutions | 0.78% | 5,519 NS | May 31, 2026 | N-PORT |
| FYT · First Trust Exchange-Traded AlphaDE… | 0.59% | 22,113 NS | April 30, 2026 | N-PORT |
| ITB · iShares Trust | 0.51% | 201,342 SH | Aug. 8, 2026 | Daily |
| PSCD · Invesco Exchange-Traded Fund Trust … | 0.47% | 1,901 SH | Aug. 8, 2026 | Daily |
| BSJS · Invesco Exchange-Traded Self-Indexe… | 0.36% | 2,571,000 | Aug. 8, 2026 | Daily |
| HAPS · Harbor ETF Trust | 0.31% | 9,984 NS | April 30, 2026 | N-PORT |
| NAIL · Direxion Shares ETF Trust | 0.29% | 33,639 NS | April 30, 2026 | N-PORT |
| FYX · First Trust Exchange-Traded AlphaDE… | 0.28% | 70,251 NS | April 30, 2026 | N-PORT |
| VIOV · VANGUARD ADMIRAL FUNDS | 0.14% | 43,381 SH | Aug. 8, 2026 | Daily |
| IJS · iShares Trust | 0.13% | 182,884 SH | Aug. 8, 2026 | Daily |
| FAB · First Trust Exchange-Traded AlphaDE… | 0.12% | 3,418 NS | April 30, 2026 | N-PORT |
| RWJ · Invesco Exchange-Traded Fund Trust … | 0.12% | 41,343 SH | Aug. 8, 2026 | Daily |
| FNDA · SCHWAB STRATEGIC TRUST | 0.11% | 208,365 NS | May 31, 2026 | N-PORT |
| ESSC · Strategy Shares | 0.10% | 534 NS | April 30, 2026 | N-PORT |
| VTWV · VANGUARD SCOTTSDALE FUNDS | 0.08% | 18,182 SH | Aug. 8, 2026 | Daily |
| IWN · iShares Trust | 0.08% | 192,795 SH | Aug. 8, 2026 | Daily |
| DFSV · Dimensional ETF Trust | 0.08% | 117,201 NS | April 30, 2026 | N-PORT |
| XJR · iShares Trust | 0.08% | 2,421 SH | Aug. 8, 2026 | Daily |
| VIOO · VANGUARD ADMIRAL FUNDS | 0.07% | 71,406 SH | Aug. 8, 2026 | Daily |
| VCR · VANGUARD WORLD FUND | 0.07% | 79,155 SH | Aug. 8, 2026 | Daily |
| QVMS · Invesco Exchange-Traded Fund Trust … | 0.07% | 2,949 SH | Aug. 8, 2026 | Daily |
| IJR · iShares Trust | 0.07% | 1,247,484 SH | Aug. 8, 2026 | Daily |
| AVSC · AMERICAN CENTURY ETF TRUST | 0.05% | 28,873 NS | May 31, 2026 | N-PORT |
| FDIS · FIDELITY COVINGTON TRUST | 0.04% | 15,978 NS | April 30, 2026 | N-PORT |
| SAA · ProShares Trust | 0.04% | 242 NS | May 31, 2026 | N-PORT |
| VTWO · VANGUARD SCOTTSDALE FUNDS | 0.04% | 120,111 SH | Aug. 8, 2026 | Daily |
| IWM · iShares Trust | 0.04% | 528,087 SH | Aug. 8, 2026 | Daily |
| ISCV · iShares Trust | 0.03% | 4,082 SH | Aug. 8, 2026 | Daily |
| RSSL · Global X Funds | 0.03% | 8,863 NS | April 30, 2026 | N-PORT |
| VBR · VANGUARD INDEX FUNDS | 0.03% | 286,938 SH | Aug. 8, 2026 | Daily |
| DFAT · Dimensional ETF Trust | 0.03% | 78,735 NS | April 30, 2026 | N-PORT |
| DFAS · Dimensional ETF Trust | 0.03% | 76,950 NS | April 30, 2026 | N-PORT |
| ITWO · ProShares Trust | 0.02% | 965 NS | May 31, 2026 | N-PORT |
| TEXN · iShares Trust | 0.02% | 61 SH | Aug. 8, 2026 | Daily |
| SCHA · SCHWAB STRATEGIC TRUST | 0.02% | 96,971 NS | May 31, 2026 | N-PORT |
| VB · VANGUARD INDEX FUNDS | 0.02% | 452,481 SH | Aug. 8, 2026 | Daily |
| DXUV · Dimensional ETF Trust | 0.02% | 1,395 NS | April 30, 2026 | N-PORT |
| ISCB · iShares Trust | 0.02% | 831 SH | Aug. 8, 2026 | Daily |
| UWM · ProShares Trust | 0.01% | 754 NS | May 31, 2026 | N-PORT |
| PRF · Invesco Exchange-Traded Fund Trust | 0.01% | 19,692 SH | Aug. 8, 2026 | Daily |
| WSML · iShares Trust | 0.01% | 1,335 SH | Aug. 8, 2026 | Daily |
| URTY · ProShares Trust | 0.01% | 765 NS | May 31, 2026 | N-PORT |
| VXF · VANGUARD INDEX FUNDS | 0.01% | 234,511 SH | Aug. 8, 2026 | Daily |
| FNDB · SCHWAB STRATEGIC TRUST | 0.01% | 2,406 NS | May 31, 2026 | N-PORT |
| MSSM · MORGAN STANLEY PATHWAY FUNDS | 0.01% | 921 NS | May 31, 2026 | N-PORT |
| TILT · FlexShares Trust | 0.00% | 2,002 NS | April 30, 2026 | N-PORT |
| ONEQ · Fidelity Commonwealth Trust | 0.00% | 10,847 NS | May 31, 2026 | N-PORT |
| HDG · ProShares Trust | 0.00% | 19 NS | May 31, 2026 | N-PORT |