LNN Lindsay Corporation Common Stock
$115.33
Price · Aug 19, 2026
Fundamentals as of Jul 2, 2026
52W Range
$97–$148
36% of range
Analyst Rating
HOLD
8 analysts
Price Target
$136
+17% upside
P/E (TTM)
20.2
ROE
14.1%
Net Profit Margin
10.9%
LNN Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
Price
$115.33
Market Cap
—
P/E (TTM)
20.2
EPS (TTM)
$6.78
Revenue (TTM)
$676M
Div Yield
—
ROE
14.1%
Debt/Equity
0.2
52W Range
$97 – $148
LNN 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
$676M
2023-08-31
→
2025-08-31
EPS
$6.78
2023-08-31
→
2025-08-31
Free Cash Flow
$90M
2023-08-31
→
2025-08-31
Margins
10.9%
2023-08-31
→
2025-08-31
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
Metric
5Y trend
LNN
Peer Median
P/E (TTM)
20.2
19.5
Profitability Gross, operating and net margins; ROE, ROA, ROIC
Metric
5Y trend
LNN
Peer Median
Gross Margin
31.2%
25.3%
Operating Margin
13.0%
—
Net Profit Margin
10.9%
7.3%
ROA
8.9%
6.2%
ROE
14.1%
11.3%
ROIC
10.7%
—
Financial Health Debt, liquidity, solvency — balance sheet strength
Metric
5Y trend
LNN
Peer Median
Debt / Equity
0.2
67.2
Current Ratio
3.7
2.1
Quick Ratio
2.5
—
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
Metric
5Y trend
LNN
Peer Median
Revenue YoY
11.4%
—
Revenue CAGR 3Y
-4.3%
—
Revenue CAGR 5Y
7.3%
—
EPS YoY
12.8%
—
Net Income YoY
11.8%
—
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
Metric
5Y trend
LNN
Peer Median
Payout Ratio
21.3%
—
Dividends Yield, payout ratio, dividend history, 5Y CAGR
Dividend Yield
—
Payout Ratio
21.3%
5Y Div CAGR
—
| Ex-date | Amount |
|---|---|
| May 15, 2026 | $0.3700 |
| Feb. 13, 2026 | $0.3700 |
| Nov. 14, 2025 | $0.3700 |
| Aug. 15, 2025 | $0.3700 |
| May 16, 2025 | $0.3600 |
| Feb. 14, 2025 | $0.3600 |
| Nov. 15, 2024 | $0.3600 |
| Aug. 16, 2024 | $0.3600 |
| May 16, 2024 | $0.3500 |
| Feb. 14, 2024 | $0.3500 |
| Nov. 15, 2023 | $0.3500 |
| Aug. 16, 2023 | $0.3500 |
| May 16, 2023 | $0.3400 |
| Feb. 13, 2023 | $0.3400 |
| Nov. 15, 2022 | $0.3400 |
| Aug. 16, 2022 | $0.3400 |
| May 16, 2022 | $0.3300 |
| Feb. 11, 2022 | $0.3300 |
| Nov. 15, 2021 | $0.3300 |
| Aug. 16, 2021 | $0.3300 |
LNN Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
BUY
8 analysts
- Strong Buy 2 25.0%
- Buy 2 25.0%
- Hold 4 50.0%
- Sell 0 0.0%
- Strong Sell 0 0.0%
12-Month Price Target
2 analysts · 2026-08-16
Median
$135.50
← Below all targets
$115.33
Low
$121.00
High
$150.00
Median target
$135.50
+17.5%
Mean target
$135.50
+17.5%
Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
Avg Surprise
0.01%
| Period | EPS Actual | EPS Est | Surprise |
|---|---|---|---|
| June 30, 2026 | $1.53 | $1.22 | 0.31% |
| March 31, 2026 | $1.15 | $1.70 | -0.55% |
| Dec. 31, 2025 | $1.54 | $1.49 | 0.05% |
| Sept. 30, 2025 | $0.99 | $1.11 | -0.12% |
| June 30, 2025 | $1.78 | $1.42 | 0.36% |
Peer comparison (GICS sub-industry) Key metrics vs sector peers
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| LNN | — | 20.2 | 11.4% | 10.9% | 14.1% | 31.2% |
| DE | $124.82B | 25.0 | -11.7% | 11.0% | 20.8% | — |
| TTC | $7.32B | 23.6 | -1.6% | 7.0% | 21.6% | 33.4% |
| AGCO | $7.58B | 10.7 | -13.6% | 7.2% | 18.1% | 25.5% |
| ALG | $2.03B | 19.5 | -1.5% | 6.5% | 9.2% | 24.8% |
| TWI | $501M | -7.8 | -0.95% | -3.5% | -12.6% | 13.9% |
| FLZH | — | — | — | — | — | — |
| RYM | $46M | -1.3 | 95916.7% | -192.4% | -195.7% | 59.0% |
| ARTW | $12M | 11.8 | -6.2% | 4.5% | 8.2% | 27.3% |
| HYFM | $7M | -0.0 | -29.4% | -215.9% | -440.0% | 11.3% |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement 17
| Metric | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Revenue | $676M | · | · | · | |
| Cost of Revenue | $466M | · | · | · | |
| Gross Profit | $211M | · | · | · | |
| R&D Expense | $18M | · | · | · | |
| SG&A Expense | $63M | · | · | · | |
| Operating Expenses | $123M | · | · | · | |
| Operating Income | $88M | · | · | · | |
| Interest Income | $8M | · | · | · | |
| Other Non-op | $574.0K | · | · | · | |
| Pretax Income | $95M | · | · | · | |
| Income Tax | $21M | · | · | · | |
| Net Income | $74M | · | · | · | |
| EPS (Basic) | $6.82 | · | · | · | |
| EPS (Diluted) | $6.78 | · | · | · | |
| Shares (Basic) | 10,859,000 | · | · | · | |
| Shares (Diluted) | 10,918,000 | · | · | · | |
| EBITDA | $88M | · | · | · |
Balance Sheet 27
| Metric | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Cash & Equivalents | $251M | $194M | $159M | $99M | |
| Short-term Investments | $0 | · | $16M | $11M | |
| Receivables | $113M | $121M | $143M | $157M | |
| Inventory | $137M | $158M | $164M | $188M | |
| Other Current Assets | $32M | $29M | $18M | $25M | |
| Current Assets | $533M | $502M | $501M | $481M | |
| PP&E (Net) | $142M | $118M | $104M | $94M | |
| PP&E (Gross) | $315M | $287M | $265M | $243M | |
| Accum. Depreciation | $173M | $169M | $162M | $149M | |
| Goodwill | $84M | $84M | $84M | $67M | |
| Intangibles | $23M | $25M | $27M | $18M | |
| Other Non-current Assets | $12M | $15M | $18M | $22M | |
| Total Assets | $841M | $771M | $764M | $708M | |
| Accounts Payable | $49M | $53M | $52M | $59M | |
| Current Liabilities | $144M | $130M | $142M | $149M | |
| Capital Leases | $17M | $15M | $18M | $19M | |
| Deferred Tax | $1M | $646.0K | $695.0K | $693.0K | |
| Other Non-current Liabilities | $28M | $18M | $17M | $15M | |
| Total Liabilities | $308M | $283M | $297M | $304M | |
| Long-term Debt | $115M | $115M | $116M | $116M | |
| Total Debt | $115M | · | · | · | |
| Common Stock | $19M | $19M | $19M | $19M | |
| Retained Earnings | $745M | $700M | $647M | $593M | |
| Treasury Stock | $311M | $300M | $277M | $277M | |
| AOCI | $-34M | $-36M | $-21M | $-24M | |
| Stockholders' Equity | $533M | $488M | $467M | $405M | |
| Liabilities + Equity | $841M | $771M | $764M | $708M |
Cash Flow 14
| Metric | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| D&A | $21M | · | · | · | |
| Stock-based Comp | $8M | · | · | · | |
| Deferred Tax | $-1M | · | · | · | |
| Amort. of Intangibles | $2M | · | · | · | |
| Operating Cash Flow | $133M | · | · | · | |
| CapEx | $42M | · | · | · | |
| Investing Cash Flow | $-49M | · | · | · | |
| Stock Repurchased | $12M | · | · | · | |
| Net Stock Activity | $-12M | · | · | · | |
| Dividends Paid | $16M | · | · | · | |
| Financing Cash Flow | $-27M | · | · | · | |
| Net Change in Cash | $60M | · | · | · | |
| Taxes Paid | $21M | · | · | · | |
| Free Cash Flow | $90M | · | · | · |
Profitability 8
| Metric | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Gross Margin | 31.2% | · | · | · | |
| Operating Margin | 13.0% | · | · | · | |
| Net Margin | 10.9% | · | · | · | |
| Pretax Margin | 14.0% | · | · | · | |
| EBITDA Margin | 13.0% | · | · | · | |
| ROA | 8.9% | · | · | · | |
| ROE | 14.1% | · | · | · | |
| ROIC | 10.7% | · | · | · |
Liquidity & Solvency 4
| Metric | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Current Ratio | 3.7 | · | · | · | |
| Quick Ratio | 2.5 | · | · | · | |
| Debt / Equity | 0.2 | · | · | · | |
| LT Debt / Equity | 0.2 | · | · | · |
Efficiency 3
| Metric | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Asset Turnover | 0.8 | · | · | · | |
| Inventory Turnover | 3.2 | · | · | · | |
| Receivables Turnover | 5.0 | · | · | · |
Growth Rates 10
| Metric | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Revenue YoY | 11.4% | · | · | · | |
| Revenue CAGR 3Y | -4.3% | · | · | · | |
| Revenue CAGR 5Y | 7.3% | · | · | · | |
| EPS YoY | 12.8% | · | · | · | |
| EPS CAGR 3Y | 4.5% | · | · | · | |
| EPS CAGR 5Y | 13.8% | · | · | · | |
| Net Income YoY | 11.8% | · | · | · | |
| Net Income CAGR 3Y | 4.2% | · | · | · | |
| Net Income CAGR 5Y | 13.9% | · | · | · | |
| Dividend CAGR 5Y | 2.9% | · | · | · |
Valuation (TTM) 6
| Metric | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Revenue TTM | $676M | · | · | · | |
| Net Income TTM | $74M | · | · | · | |
| P/E | 20.2 | · | · | · | |
| Earnings Yield | 4.9% | · | · | · | |
| Payout Ratio | 21.3% | · | · | · | |
| Annual Payout | $16M | · | · | · |
Income Statement 18
| 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 | $161M | $158M | $156M | $154M | $169M | $187M | $166M | $155M | $139M | $152M | $161M | $167M | $165M | $166M | $176M | $190M | |
| Cost of Revenue | $113M | $115M | $106M | $109M | $116M | $125M | $116M | $109M | $93M | $103M | $111M | $115M | $111M | $112M | $123M | $133M | |
| Gross Profit | $48M | $42M | $50M | $45M | $54M | $62M | $50M | $46M | $46M | $49M | $50M | $53M | $53M | $54M | $53M | $57M | |
| R&D Expense | $5M | $4M | $5M | $5M | $5M | $4M | $4M | $5M | $4M | $4M | $4M | $5M | $5M | $5M | $4M | $5M | |
| SG&A Expense | $14M | $15M | $15M | $18M | $15M | $15M | $15M | $17M | $13M | $13M | $15M | $15M | $13M | $14M | $14M | $15M | |
| Operating Expenses | $29M | $29M | $30M | $33M | $30M | $30M | $29M | $32M | $27M | $27M | $29M | $29M | $26M | $27M | $28M | $29M | |
| Operating Income | $19M | $13M | $20M | $11M | $24M | $32M | $21M | $14M | $20M | $22M | $21M | $23M | $27M | $27M | $25M | $28M | |
| Interest Expense | · | · | · | · | · | · | · | · | $767.0K | $830.0K | $877.0K | · | $948.0K | $1M | $909.0K | · | |
| Interest Income | $2M | $2M | $3M | $4M | $2M | $1M | $493.0K | $2M | $961.0K | $1M | $1M | $1M | $680.0K | $490.0K | $373.0K | $167.0K | |
| Other Non-op | $-250.0K | $569.0K | $-1M | $243.0K | $24.0K | $-351.0K | $658.0K | $580.0K | $43.0K | $134.0K | $-270.0K | $1M | $-957.0K | $-984.0K | $-57.0K | $-3M | |
| Pretax Income | $21M | $16M | $22M | $14M | $26M | $33M | $22M | $15M | $20M | $23M | $21M | $25M | $26M | $26M | $24M | $24M | |
| Income Tax | $5M | $4M | $5M | $3M | $6M | $7M | $5M | $2M | $-206.0K | $5M | $6M | $6M | $9M | $8M | $6M | $6M | |
| Net Income | $16M | $12M | $17M | $11M | $20M | $27M | $17M | $13M | $20M | $18M | $15M | $19M | $17M | $18M | $18M | $18M | |
| EPS (Basic) | $1.54 | $1.15 | $1.55 | $0.99 | $1.80 | $2.45 | $1.58 | $1.19 | $1.85 | $1.64 | $1.36 | $1.75 | $1.53 | $1.64 | $1.66 | $1.64 | |
| EPS (Diluted) | $1.53 | $1.15 | $1.54 | $0.99 | $1.78 | $2.44 | $1.57 | $1.16 | $1.85 | $1.64 | $1.36 | $1.73 | $1.53 | $1.63 | $1.65 | $1.62 | |
| Shares (Basic) | 10,299,000 | 10,449,000 | 10,673,000 | -21,719,000 | 10,862,000 | 10,863,000 | 10,853,000 | -22,070,000 | 10,996,000 | 11,033,000 | 11,017,000 | -22,001,000 | 11,008,000 | 11,007,000 | 10,989,000 | -21,914,000 | |
| Shares (Diluted) | 10,341,000 | 10,486,000 | 10,699,000 | -21,825,000 | 10,931,000 | 10,909,000 | 10,903,000 | -22,146,000 | 11,030,000 | 11,074,000 | 11,059,000 | -22,126,000 | 11,052,000 | 11,063,000 | 11,073,000 | -22,030,000 | |
| EBITDA | $19M | $13M | $20M | · | $24M | $32M | $21M | · | $20M | $22M | $21M | · | $27M | $27M | $25M | · |
Balance Sheet 27
| 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 | $155M | $186M | $200M | $251M | $196M | $172M | $194M | $191M | $140M | $133M | $159M | · | $132M | $98M | $99M | · | |
| Short-term Investments | $0 | $0 | · | · | $15M | $15M | $0 | · | $12M | $17M | $16M | · | $13M | $9M | $11M | · | |
| Receivables | $137M | $134M | $129M | $113M | $148M | $155M | $121M | $117M | $134M | $154M | $143M | · | $154M | $167M | $157M | · | |
| Inventory | $146M | $145M | $146M | $137M | $150M | $155M | $158M | $154M | $172M | $167M | $164M | · | $167M | $179M | $188M | · | |
| Other Current Assets | $42M | $34M | $32M | $32M | $38M | $30M | $29M | $31M | $30M | $29M | $18M | · | $26M | $28M | $25M | · | |
| Current Assets | $480M | $499M | $507M | $533M | $547M | $527M | $502M | $493M | $489M | $501M | $501M | · | $491M | $480M | $481M | · | |
| PP&E (Net) | $166M | $163M | $155M | $142M | $131M | $125M | $118M | $113M | $112M | $111M | $104M | · | $97M | $94M | $94M | · | |
| PP&E (Gross) | $348M | $342M | $330M | · | $305M | $296M | $287M | · | $278M | $275M | $265M | · | $253M | $246M | $243M | · | |
| Accum. Depreciation | $182M | $179M | $175M | $143M | $174M | $171M | $169M | $140M | $166M | $165M | $162M | · | $156M | $153M | $149M | · | |
| Goodwill | $84M | $85M | $84M | $84M | $84M | $84M | $84M | $84M | $84M | $84M | $84M | $83M | $67M | $67M | $67M | $67M | |
| Intangibles | $23M | $23M | $23M | $23M | $24M | $24M | $25M | $25M | $26M | $26M | $27M | · | $17M | $17M | $18M | · | |
| Other Non-current Assets | $16M | $17M | $14M | $12M | $11M | $18M | $15M | $15M | $18M | $18M | $18M | · | $22M | $23M | $22M | · | |
| Total Assets | $822M | $838M | $828M | $841M | $841M | $814M | $771M | $760M | $758M | $765M | $764M | · | $724M | $709M | $708M | · | |
| Accounts Payable | $59M | $55M | $57M | $49M | $47M | $58M | $53M | $37M | $35M | $48M | $52M | · | $42M | $53M | $59M | · | |
| Current Liabilities | $164M | $165M | $148M | $144M | $150M | $145M | $130M | $126M | $124M | $129M | $142M | · | $133M | $133M | $149M | · | |
| Capital Leases | $19M | $20M | $17M | $17M | $17M | $17M | $15M | $16M | $16M | $17M | $18M | · | $18M | $19M | $19M | · | |
| Deferred Tax | $1M | $2M | $2M | $1M | $693.0K | $637.0K | $646.0K | $678.0K | $682.0K | $677.0K | $695.0K | · | $689.0K | $702.0K | $693.0K | · | |
| Other Non-current Liabilities | $21M | $25M | $25M | $28M | $26M | $16M | $18M | $18M | $18M | $16M | $17M | · | $15M | $15M | $15M | · | |
| Total Liabilities | $323M | $330M | $310M | $308M | $312M | $298M | $283M | $279M | $278M | $282M | $297M | · | $287M | $287M | $304M | · | |
| Long-term Debt | $115M | $115M | $115M | $115M | $115M | $115M | $115M | $115M | $116M | $116M | $116M | · | $116M | $116M | $116M | · | |
| Total Debt | $115M | $115M | $115M | · | $115M | $115M | $115M | · | $115M | $115M | $115M | · | $115M | $115M | $116M | · | |
| Common Stock | $19M | $19M | $19M | $19M | $19M | $19M | $19M | $19M | $19M | $19M | $19M | · | $19M | $19M | $19M | · | |
| Retained Earnings | $778M | $766M | $758M | $745M | $739M | $723M | $700M | $687M | $678M | $662M | $647M | · | $621M | $608M | $593M | · | |
| Treasury Stock | $392M | $367M | $341M | $311M | $302M | $301M | $300M | $300M | $295M | $277M | $277M | · | $277M | $277M | $277M | · | |
| AOCI | $-24M | $-27M | $-31M | $-34M | $-37M | $-32M | $-36M | $-30M | $-25M | $-22M | $-21M | · | $-23M | $-22M | $-24M | · | |
| Stockholders' Equity | $499M | $508M | $518M | $533M | $529M | $516M | $488M | $481M | $480M | $483M | $467M | $456M | $437M | $422M | $405M | $393M | |
| Liabilities + Equity | $822M | $838M | $828M | $841M | $841M | $814M | $771M | $760M | $758M | $765M | $764M | · | $724M | $709M | $708M | · |
Cash Flow 15
| 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 | $6M | $6M | $5M | $5M | $5M | $5M | $5M | $5M | $5M | $5M | $5M | $5M | $5M | $5M | $5M | $5M | |
| Stock-based Comp | $2M | $2M | $1M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $1M | $1M | |
| Deferred Tax | $-2M | $6M | $1M | $953.0K | $-3M | $-804.0K | $2M | $-1M | $-4M | $3M | $-2M | $2M | $-1M | $-1M | $1M | $-3M | |
| Operating Cash Flow | $7M | $25M | $-597.0K | $64M | $35M | $12M | $22M | $53M | $31M | $-10M | $22M | $61M | $51M | $3M | $5M | $28M | |
| CapEx | $8M | $13M | $14M | $14M | $9M | $10M | $9M | $5M | $5M | $12M | $7M | $5M | $6M | $3M | $4M | $3M | |
| Investing Cash Flow | $-10M | $-13M | $-16M | $-131.0K | $-9M | $-30M | $-9M | $6M | $-2M | $-13M | $-18M | $-28M | $-13M | $-2M | $-4M | $1M | |
| Net Debt Issued | · | · | · | · | · | · | · | · | · | · | · | · | · | · | $-55.0K | · | |
| Stock Repurchased | $25M | $25M | $30M | $9M | $1M | $1M | $0 | $5M | $18M | · | · | $0 | · | · | · | · | |
| Net Stock Activity | · | · | $-30M | · | · | · | · | · | · | · | · | · | · | · | · | · | |
| Dividends Paid | $4M | $4M | $4M | $4M | $4M | $4M | $4M | $4M | $4M | $4M | $4M | $4M | $4M | $4M | $4M | $4M | |
| Financing Cash Flow | $-29M | $-28M | $-35M | $-12M | $-5M | $-4M | $-5M | $-8M | $-22M | $-3M | $-5M | $-4M | $-4M | $-4M | $-6M | $-4M | |
| Net Change in Cash | $-31M | $-14M | $-51M | $54M | $24M | $-22M | $3M | $51M | $7M | $-26M | $-1M | $29M | $34M | $-1M | $-6M | $23M | |
| Taxes Paid | · | · | · | · | · | · | · | · | · | · | · | · | · | · | $4M | $8M | |
| Free Cash Flow | · | · | $-15M | · | · | · | $12M | · | · | · | $15M | · | · | · | $884.0K | · | |
| Levered FCF | · | · | · | · | · | · | · | · | · | · | $14M | · | · | · | $194.2K | · |
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 | 29.8% | 26.9% | 32.1% | · | 31.6% | 33.4% | 30.0% | · | 33.4% | 32.3% | 30.9% | · | 32.3% | 32.6% | 30.1% | · | |
| Operating Margin | 11.5% | 8.2% | 12.6% | · | 14.0% | 17.2% | 12.6% | · | 14.3% | 14.6% | 13.1% | · | 16.4% | 16.4% | 14.0% | · | |
| Net Margin | 9.8% | 7.6% | 10.6% | · | 11.5% | 14.2% | 10.3% | · | 14.6% | 12.0% | 9.3% | · | 10.3% | 10.9% | 10.3% | · | |
| Pretax Margin | 12.8% | 9.9% | 14.1% | · | 15.2% | 17.8% | 13.2% | · | 14.5% | 15.0% | 13.0% | · | 15.6% | 15.5% | 13.6% | · | |
| EBITDA Margin | 11.5% | 8.2% | 12.6% | · | 14.0% | 17.2% | 12.6% | · | 14.3% | 14.6% | 13.1% | · | 16.4% | 16.4% | 14.0% | · | |
| ROA | 1.9% | 1.5% | 2.1% | · | 2.4% | 3.4% | 2.2% | · | 2.8% | 2.5% | 2.0% | · | 2.4% | 2.6% | 2.7% | · | |
| ROE | 3.1% | 2.4% | 3.3% | · | 3.9% | 5.3% | 3.6% | · | 4.5% | 4.0% | 3.5% | · | 4.1% | 4.6% | 4.9% | · | |
| ROIC | 2.3% | 1.6% | 2.3% | · | 2.8% | 4.1% | 2.7% | · | 3.4% | 2.9% | 2.6% | · | 3.2% | 3.6% | 3.6% | · |
Liquidity & Solvency 5
| 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 | 2.9 | 3.0 | 3.4 | · | 3.6 | 3.6 | 3.9 | · | 3.9 | 3.9 | 3.5 | · | 3.7 | 3.6 | 3.2 | · | |
| Quick Ratio | 1.8 | 1.9 | 2.2 | · | 2.4 | 2.4 | 2.4 | · | 2.3 | 2.4 | 2.2 | · | 2.2 | 2.1 | 1.8 | · | |
| Debt / Equity | 0.2 | 0.2 | 0.2 | · | 0.2 | 0.2 | 0.2 | · | 0.2 | 0.2 | 0.2 | · | 0.3 | 0.3 | 0.3 | · | |
| LT Debt / Equity | 0.2 | 0.2 | 0.2 | · | 0.2 | 0.2 | 0.2 | · | 0.2 | 0.2 | 0.2 | · | 0.3 | 0.3 | 0.3 | · | |
| Interest Coverage | · | · | · | · | · | · | · | · | 26.0 | 26.6 | 24.0 | · | 28.4 | 26.3 | 27.1 | · |
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 | 0.2 | 0.3 | · | |
| Inventory Turnover | 0.8 | 0.8 | 0.7 | · | 0.7 | 0.8 | 0.7 | · | 0.5 | 0.6 | 0.6 | · | 0.6 | 0.6 | 0.7 | · | |
| Receivables Turnover | 1.1 | 1.1 | 1.2 | · | 1.2 | 1.2 | 1.3 | · | 1.0 | 0.9 | 1.1 | · | 1.1 | 1.1 | 1.3 | · |
Valuation (TTM) 5
| 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 | $644M | $670M | $679M | · | $662M | $644M | $618M | · | $617M | $644M | $668M | · | $721M | $757M | $757M | · | |
| Net Income TTM | $64M | $75M | $80M | · | $84M | $82M | $71M | · | $70M | $68M | $68M | · | $78M | $76M | $66M | · | |
| P/E | 18.2 | 19.5 | 15.7 | · | 18.2 | 17.6 | 20.7 | · | 18.0 | 19.4 | 19.3 | · | 16.6 | 21.9 | 29.6 | · | |
| Earnings Yield | 5.5% | 5.1% | 6.4% | · | 5.5% | 5.7% | 4.8% | · | 5.6% | 5.2% | 5.2% | · | 6.0% | 4.6% | 3.4% | · | |
| Payout Ratio | · | · | 23.7% | · | · | · | 22.8% | · | · | · | 25.7% | · | · | · | 20.5% | · |
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
Income Statement
| 2025-08-31 | 2025-05-31 | 2025-02-28 | 2024-11-30 | 2024-08-31 | |
|---|---|---|---|---|---|
| Revenue | $676M | — | — | — | $607M |
| Gross Margin % | 31.2% | — | — | — | 31.5% |
| Operating Margin % | 13.0% | — | — | — | 12.6% |
| Net Income | $74M | — | — | — | $66M |
| Diluted EPS | $6.78 | — | — | — | $6.01 |
Balance Sheet
| 2025-08-31 | 2025-05-31 | 2025-02-28 | 2024-11-30 | 2024-08-31 | |
|---|---|---|---|---|---|
| Debt / Equity | 0.2 | — | — | — | 0.2 |
| Current Ratio | 3.7 | — | — | — | 3.9 |
| Quick Ratio | 2.5 | — | — | — | 2.4 |
Cash Flow
| 2025-08-31 | 2025-05-31 | 2025-02-28 | 2024-11-30 | 2024-08-31 | |
|---|---|---|---|---|---|
| Free Cash Flow | $90M | — | — | — | $67M |
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Institutional owners (13F) 248 filers · $887.3M 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 |
|---|---|---|---|---|
| 44 (+1 vs prior Q) | 29 (+3 vs prior Q) | 82 (+7 vs prior Q) | 66 (-12 vs prior Q) | +441K |
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 |
|---|---|---|---|---|
| NEUBERGER BERMAN GROUP LLC | $112,889,135 | 911,867 | 12.72% | Shares |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $80,876,188 | 653,281 | 9.11% | Shares |
| STATE STREET CORP | $61,070,169 | 493,297 | 6.88% | Shares |
| VANGUARD CAPITAL MANAGEMENT LLC | $57,781,545 | 466,733 | 6.51% | Shares |
| Prairie Wealth Advisors, Inc. | $47,495,375 | 0 | 5.35% | Shares |
| DIMENSIONAL FUND ADVISORS LP | $47,268,105 | 381,810 | 5.33% | Shares |
| AMERICAN CENTURY COMPANIES INC | $41,824,221 | 337,837 | 4.71% | Shares |
| TWO SIGMA INVESTMENTS, LP | $34,809,094 | 281,172 | 3.92% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $30,026,482 | 242,485 | 3.38% | Shares |
| ROYCE & ASSOCIATES LP | $29,306,060 | 236,721 | 3.30% | Shares |
| NUANCE INVESTMENTS, LLC | $22,195,233 | 179,283 | 2.50% | Shares |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $17,629,244 | 142,401 | 1.99% | Shares |
| MILLENNIUM MANAGEMENT LLC | $17,613,521 | 142,274 | 1.98% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $14,620,780 | 118,100 | 1.65% | Call option |
| Lightrock Netherlands B.V. | $13,694,137 | 110,615 | 1.54% | Shares |
| Stephens Investment Management Group LLC | $12,005,876 | 96,978 | 1.35% | Shares |
| JOHN G ULLMAN & ASSOCIATES INC | $11,855,088 | 95,760 | 1.34% | Shares |
| HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC | $11,461,404 | 92,580 | 1.29% | Shares |
| HighTower Advisors, LLC | $9,722,592 | 78,535 | 1.10% | Shares |
| Vision One Management Partners, LP | $9,674,970 | 78,150 | 1.09% | Shares |
| Impax Asset Management Group plc | $9,437,893 | 76,235 | 1.06% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $8,588,006 | 69,370 | 0.97% | Shares |
| Amundi | $8,568,006 | 69,256 | 0.97% | Shares |
| Bank of New York Mellon Corp | $8,170,181 | 65,995 | 0.92% | Shares |
| ProShare Advisors LLC | $7,379,965 | 59,612 | 0.83% | Shares |
| GAMCO INVESTORS, INC. ET AL | $7,056,600 | 57,000 | 0.80% | Shares |
| CWA Asset Management Group, LLC | $6,410,996 | 51,785 | 0.72% | Shares |
| Trexquant Investment LP | $6,051,344 | 48,880 | 0.68% | Shares |
| TUDOR INVESTMENT CORP ET AL | $6,039,212 | 48,782 | 0.68% | Shares |
| MARSHALL WACE, LLP | $5,797,554 | 46,830 | 0.65% | Shares |
| KENNEDY CAPITAL MANAGEMENT LLC | $5,292,574 | 42,751 | 0.60% | Shares |
| Rodgers Brothers Inc. | $5,119,749 | 41,355 | 0.58% | Shares |
| CITADEL ADVISORS LLC | $4,764,072 | 38,482 | 0.54% | Shares |
| Public Sector Pension Investment Board | $4,418,422 | 35,690 | 0.50% | Shares |
| CAPITAL FUND MANAGEMENT S.A. | $4,287,565 | 34,633 | 0.48% | Shares |
| PANAGORA ASSET MANAGEMENT INC | $3,870,855 | 31,267 | 0.44% | Shares |
| MORGAN STANLEY | $3,793,755 | 30,644 | 0.43% | Shares |
| GABELLI FUNDS LLC | $3,714,000 | 30,000 | 0.42% | Shares |
| BANK OF AMERICA CORP /DE/ | $3,644,424 | 29,438 | 0.41% | Shares |
| RHUMBLINE ADVISERS | $3,397,057 | 27,440 | 0.38% | Shares |
| AMERIPRISE FINANCIAL INC | $3,193,421 | 25,795 | 0.36% | Shares |
| ArrowMark Colorado Holdings LLC | $3,114,932 | 25,161 | 0.35% | Shares |
| FIRST TRUST ADVISORS LP | $3,030,005 | 24,475 | 0.34% | Shares |
| Swiss National Bank | $2,587,420 | 20,900 | 0.29% | Shares |
| XTX Topco Ltd | $2,580,363 | 20,843 | 0.29% | Shares |
| Cardinal Capital Management | $2,278,416 | 18,404 | 0.26% | Shares |
| Mariner, LLC | $2,189,764 | 17,688 | 0.25% | Shares |
| Squarepoint Ops LLC | $2,140,131 | 17,287 | 0.24% | Shares |
| Legal & General Group Plc | $1,973,000 | 15,937 | 0.22% | Shares |
| Numerai GP LLC | $1,885,103 | 15,227 | 0.21% | Shares |
| AEGON ASSET MANAGEMENT UK Plc | $1,832,240 | 14,800 | 0.21% | Shares |
| IEQ CAPITAL, LLC | $1,694,327 | 13,686 | 0.19% | Shares |
| CHATHAM CAPITAL GROUP, INC. | $1,668,700 | 13,479 | 0.19% | Shares |
| GOLDMAN SACHS GROUP INC | $1,661,802 | 13,423 | 0.19% | Shares |
| STOREBRAND ASSET MANAGEMENT AS | $1,589,716 | 12,841 | 0.18% | Shares |
| Skopos Labs, Inc. | $1,582,322 | 13,289 | 0.18% | Shares |
| IQ EQ FUND MANAGEMENT (IRELAND) Ltd | $1,542,672 | 12,461 | 0.17% | Shares |
| SCHRODER INVESTMENT MANAGEMENT GROUP | $1,462,684 | 11,774 | 0.16% | Shares |
| EntryPoint Capital, LLC | $1,448,708 | 11,702 | 0.16% | Shares |
| Point72 Asset Management, L.P. | $1,432,366 | 11,570 | 0.16% | Shares |
| Nebula Research & Development LLC | $1,393,311 | 9,659 | 0.16% | Shares |
| WINTON GROUP Ltd | $1,354,496 | 10,941 | 0.15% | Shares |
| PRUDENTIAL FINANCIAL INC | $1,339,640 | 10,821 | 0.15% | Shares |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | $1,336,421 | 10,795 | 0.15% | Shares |
| ALLIANCEBERNSTEIN L.P. | $1,319,057 | 11,078 | 0.15% | Shares |
| Assenagon Asset Management S.A. | $1,313,518 | 10,610 | 0.15% | Shares |
| Freestone Grove Partners LP | $1,283,187 | 10,365 | 0.14% | Shares |
| ExodusPoint Capital Management, LP | $1,251,618 | 10,110 | 0.14% | Shares |
| VANGUARD ASSET MANAGEMENT, Ltd | $1,198,260 | 9,679 | 0.14% | Shares |
| AlphaQuest LLC | $1,187,658 | 10,076 | 0.13% | Shares |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | $1,185,580 | 9,957 | 0.13% | Shares |
| D. E. Shaw & Co., Inc. | $1,173,129 | 9,476 | 0.13% | Shares |
| WELLS FARGO & COMPANY/MN | $1,125,094 | 9,088 | 0.13% | Shares |
| ESSEX INVESTMENT MANAGEMENT CO LLC | $1,114,695 | 9,004 | 0.13% | Shares |
| BlackRock, Inc. | $971,459 | 7,847 | 0.11% | Shares |
| Advisors Asset Management, Inc. | $913,117 | 7,718 | 0.10% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $862,638 | 6,968 | 0.10% | Shares |
| Jain Global LLC | $758,399 | 6,126 | 0.09% | Shares |
| MetLife Investment Management, LLC | $742,676 | 5,999 | 0.08% | Shares |
| Illinois Municipal Retirement Fund | $662,082 | 5,348 | 0.07% | Shares |
| CITADEL ADVISORS LLC | $631,380 | 5,100 | 0.07% | Call option |
| Quantinno Capital Management LP | $611,337 | 4,938 | 0.07% | Shares |
| JANUS HENDERSON GROUP PLC | $601,985 | 5,067 | 0.07% | Shares |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC | $579,078 | 5,088 | 0.07% | Shares |
| Louisiana State Employees Retirement System | $569,480 | 4,600 | 0.06% | Shares |
| Blueshift Asset Management, LLC | $563,909 | 4,555 | 0.06% | Shares |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE | $559,700 | 4,521 | 0.06% | Shares |
| Inspire Investing, LLC | $523,135 | 4,394 | 0.06% | Shares |
| Invesco Ltd. | $512,408 | 4,139 | 0.06% | Shares |
| HUB Investment Partners, LLC | $511,418 | 4,131 | 0.06% | Shares |
| Vanguard Global Advisers, LLC | $502,380 | 4,058 | 0.06% | Shares |
| UBS Group AG | $483,068 | 3,902 | 0.05% | Shares |
| NEW YORK STATE COMMON RETIREMENT FUND | $469,573 | 3,793 | 0.05% | Shares |
| RAYMOND JAMES FINANCIAL INC | $458,308 | 3,702 | 0.05% | Shares |
| JANE STREET GROUP, LLC | $458,060 | 3,700 | 0.05% | Call option |
| Candriam S.C.A. | $455,146 | 3,680 | 0.05% | Shares |
| State of Tennessee, Department of Treasury | $444,566 | 3,591 | 0.05% | Shares |
| Universal- Beteiligungs- und Servicegesellschaft mbH | $430,329 | 3,476 | 0.05% | Shares |
| NJ State Employees Deferred Compensation Plan | $421,680 | 3,000 | 0.05% | Shares |
| MERCER GLOBAL ADVISORS INC /ADV | $411,635 | 3,325 | 0.05% | Shares |
Company insiders 41 insiders · 13 officers · 17 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Randy A Wood | President and CEO | Nov. 1, 2025 F | 42,180 | 0 | 0 | $0 |
| Timothy L Hassinger | President and CEO | Nov. 1, 2020 F | 38,229 | 0 | 0 | $0 |
| Rick Parod | President and CEO | July 25, 2017 M | 100,761 | 0 | 0 | $0 |
| Brian L Ketcham | Senior Vice President and CFO | Nov. 1, 2025 F | 9,576 | 0 | 0 | $0 |
| James C Raabe | Vice President and CFO | Nov. 1, 2015 F | 10,559 | 0 | 0 | $0 |
| Brian James Magnusson | President - Irrigation | Dec. 1, 2025 A | 5,623 | 0 | 0 | $0 |
| Gustavo E Oberto | President - Irrigation | Nov. 1, 2025 F | 6,897 | 0 | 0 | $0 |
| James Scott Marion | President - Infrastructure | Nov. 1, 2025 F | 8,328 | 0 | 0 | $0 |
| Barry A. Ruffalo | President-Infrastructure | Jan. 9, 2015 S | 11,822 | 0 | 0 | $0 |
| Brett Richard Coburn | VP & Chief Accounting Officer | Jan. 12, 2026 A | 1,651 | 0 | 0 | $0 |
| Samuel S Hinrichsen | Senior Vice President | Nov. 3, 2025 A | 2,674 | 0 | 0 | $0 |
| David B Downing | Executive Vice President | Dec. 27, 2017 M | 2,825 | 0 | 0 | $0 |
| Steven S Cotariu | Pres - Infrastructure Business | Nov. 1, 2012 F | 5,930 | 0 | 0 | $0 |
| Jahidul Huq Khandaker | Director | Jan. 6, 2026 A | 1,335 | 0 | 0 | $0 |
| Pablo Di Si | Director | Jan. 6, 2026 A | 6,034 | 0 | 0 | $0 |
| Mary A Lindsey | Director | Jan. 6, 2026 A | 6,808 | 0 | 0 | $0 |
| Consuelo E. Madere | Director | Jan. 6, 2026 A | 7,668 | 0 | 0 | $0 |
| Robert E Brunner | Director | Jan. 6, 2026 A | 3,594 | 0 | 0 | $0 |
| Michael Christodolou | Director | Jan. 6, 2026 A | 15,822 | 0 | 0 | $0 |
| David B Rayburn | Director | Jan. 6, 2026 A | 10,799 | 0 | 0 | $0 |
| Ibrahim Gokcen | Director | Jan. 8, 2025 A | 3,687 | 0 | 0 | $0 |
| Michael Nahl | Director | Nov. 8, 2021 S | 2,342 | 0 | 0 | $0 |
| Michael D Walter | Director | Feb. 11, 2020 S | 9,670 | 0 | 0 | $0 |
| W T Jagodinski | Director | Dec. 18, 2018 A | 10,020 | 0 | 0 | $0 |
| Bill Welsh | Director | July 31, 2018 S | 15,768 | 0 | 0 | $0 |
| Howard Buffett | Director | Jan. 26, 2015 A | 31,825 | 0 | 0 | $0 |
| Dave Mclntosh | Director | Jan. 28, 2013 A | 7,094 | 0 | 0 | $0 |
| Tim J Paymal | — | Nov. 8, 2010 M | 4,290 | 0 | 0 | $0 |
| Thomas Dale Spears | — | Nov. 12, 2009 A | 4,214 | 0 | 0 | $0 |
| Lori Zarkowski | — | Nov. 3, 2008 A | 716 | 0 | 0 | $0 |
| Owen Denman | — | Nov. 3, 2008 A | 19,644 | 0 | 0 | $0 |
| Larry Cunningham | — | May 9, 2008 M | 3,166 | 0 | 0 | $0 |
| Samir Abou Haidar | — | Nov. 16, 2007 A | — | 0 | 0 | $0 |
| Bob Snoozy | — | July 2, 2007 S | 48,972 | 0 | 0 | $0 |
| Randall S Hester | — | Dec. 1, 2006 A | 575 | 0 | 0 | $0 |
| Gary Kaplan | — | Dec. 1, 2006 A | 304 | 0 | 0 | $0 |
| Charlie Meis | — | Dec. 1, 2006 A | 76,976 | 0 | 0 | $0 |
| Dirk Lenie | — | Dec. 1, 2006 A | 304 | 0 | 0 | $0 |
| Matt Cahill | — | Dec. 1, 2006 A | 304 | 0 | 0 | $0 |
| Tom Costanza | — | April 22, 2004 A | — | 0 | 0 | $0 |
| Bruce Karsk | — | April 22, 2004 A | — | 0 | 0 | $0 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
Activists & 5%+ owners 2 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 |
|---|---|---|---|---|---|
| Ontario Teachers' Pension Plan Board ×8 filings | Nov. 13, 2002 | — | Initial filing | — | SEC |
| The Bass Management Trust, 820 Management Trust, Sid R. Bass Management Trust ×4 filings | Dec. 5, 2001 | — | 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 80 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 |
|---|---|---|---|---|
| KROP · Global X Funds | 3.60% | 3,021 NS | May 31, 2026 | N-PORT |
| SMDV · ProShares Trust | 0.80% | 48,191 NS | May 31, 2026 | N-PORT |
| MMSC · First Trust Exchange-Traded Fund VI… | 0.26% | 1,221 NS | May 31, 2026 | N-PORT |
| FYT · First Trust Exchange-Traded AlphaDE… | 0.22% | 3,646 NS | April 30, 2026 | N-PORT |
| TBLU · Tortoise Capital Series Trust | 0.18% | 882 NS | May 31, 2026 | N-PORT |
| FYX · First Trust Exchange-Traded AlphaDE… | 0.16% | 17,444 NS | April 30, 2026 | N-PORT |
| AVUV · AMERICAN CENTURY ETF TRUST | 0.09% | 233,935 NS | May 31, 2026 | N-PORT |
| PSC · Principal Exchange-Traded Funds | 0.09% | 16,140 NS | June 30, 2026 | N-PORT |
| AVSC · AMERICAN CENTURY ETF TRUST | 0.07% | 18,897 NS | May 31, 2026 | N-PORT |
| BBSC · J.P. Morgan Exchange-Traded Fund Tr… | 0.06% | 4,195 NS | April 30, 2026 | N-PORT |
| FSMD · FIDELITY COVINGTON TRUST | 0.06% | 12,836 NS | April 30, 2026 | N-PORT |
| EBIT · Harbor ETF Trust | 0.05% | 54 NS | April 30, 2026 | N-PORT |
| SAA · ProShares Trust | 0.05% | 124 NS | May 31, 2026 | N-PORT |
| NUSC · Nushares ETF Trust | 0.05% | 5,750 NS | April 30, 2026 | N-PORT |
| FAB · First Trust Exchange-Traded AlphaDE… | 0.05% | 567 NS | April 30, 2026 | N-PORT |
| FNDA · SCHWAB STRATEGIC TRUST | 0.04% | 30,072 NS | May 31, 2026 | N-PORT |
| RSSL · Global X Funds | 0.04% | 4,578 NS | April 30, 2026 | N-PORT |
| DFAT · Dimensional ETF Trust | 0.03% | 41,297 NS | April 30, 2026 | N-PORT |
| GSSC · Goldman Sachs ETF Trust | 0.03% | 2,943 NS | May 31, 2026 | N-PORT |
| ITWO · ProShares Trust | 0.03% | 494 NS | May 31, 2026 | N-PORT |
| DFAS · Dimensional ETF Trust | 0.03% | 34,519 NS | April 30, 2026 | N-PORT |
| SCHA · SCHWAB STRATEGIC TRUST | 0.02% | 50,700 NS | May 31, 2026 | N-PORT |
| SMDX · Tidal Trust III | 0.02% | 272 NS | April 30, 2026 | N-PORT |
| AVUQ · AMERICAN CENTURY ETF TRUST | 0.02% | 445 NS | May 31, 2026 | N-PORT |
| FIDU · FIDELITY COVINGTON TRUST | 0.02% | 3,157 NS | April 30, 2026 | N-PORT |
| UWM · ProShares Trust | 0.02% | 386 NS | May 31, 2026 | N-PORT |
| DXUV · Dimensional ETF Trust | 0.01% | 488 NS | April 30, 2026 | N-PORT |
| URTY · ProShares Trust | 0.01% | 390 NS | May 31, 2026 | N-PORT |
| AVSU · AMERICAN CENTURY ETF TRUST | 0.01% | 424 NS | May 31, 2026 | N-PORT |
| DFUV · Dimensional ETF Trust | 0.01% | 9,003 NS | April 30, 2026 | N-PORT |
| DFAC · Dimensional ETF Trust | 0.01% | 26,074 NS | April 30, 2026 | N-PORT |
| MSSM · MORGAN STANLEY PATHWAY FUNDS | 0.01% | 425 NS | May 31, 2026 | N-PORT |
| DFSU · Dimensional ETF Trust | 0.01% | 1,103 NS | April 30, 2026 | N-PORT |
| HDG · ProShares Trust | 0.01% | 10 NS | May 31, 2026 | N-PORT |
| AVUS · AMERICAN CENTURY ETF TRUST | 0.00% | 5,928 NS | May 31, 2026 | N-PORT |
| DCOR · Dimensional ETF Trust | 0.00% | 990 NS | April 30, 2026 | N-PORT |
| DFAU · Dimensional ETF Trust | 0.00% | 2,969 NS | April 30, 2026 | N-PORT |
| FNDB · SCHWAB STRATEGIC TRUST | 0.00% | 326 NS | May 31, 2026 | N-PORT |
| TILT · FlexShares Trust | 0.00% | 326 NS | April 30, 2026 | N-PORT |
| DFUS · Dimensional ETF Trust | 0.00% | 3,106 NS | April 30, 2026 | N-PORT |
| DFSV · Dimensional ETF Trust | 0.00% | 1,045 NS | April 30, 2026 | N-PORT |
| SCHB · SCHWAB STRATEGIC TRUST | 0.00% | 5,967 NS | May 31, 2026 | N-PORT |
| EBI · RBB Fund Trust | 0.00% | 23 NS | May 31, 2026 | N-PORT |
| VXF · VANGUARD INDEX FUNDS | — | — | July 15, 2026 | Daily |
| VB · VANGUARD INDEX FUNDS | — | — | July 15, 2026 | Daily |
| VBK · VANGUARD INDEX FUNDS | — | — | July 15, 2026 | Daily |
| VTI · VANGUARD INDEX FUNDS | — | — | July 15, 2026 | Daily |
| VIG · VANGUARD SPECIALIZED FUNDS | — | — | July 15, 2026 | Daily |
| VT · VANGUARD INTERNATIONAL EQUITY INDEX… | — | — | July 15, 2026 | Daily |
| VIOO · VANGUARD ADMIRAL FUNDS | — | — | July 15, 2026 | Daily |