TSR below peersNo
—
3+ of last 5 years
High CEO pay despite TSRNo
—
Median CEO pay ≥ $15M while TSR trails
Earnings not backed by cashNo
187% of net income
Cash flow under 80% of net income
Dilutive SBCNo
1% of revenue
Over 10% of revenue
Payouts exceed cash flowNo
28% of cash flow
Buybacks + dividends over cash flow
Goodwill-heavyNo
24% of assets
Over 40% of assets
Shareholder dissentNo
85% lowest support
Any vote under 80% support
Buyer economics 1 of 4
Low revenue per employeeNo
—
Bottom quartile of its SIC industry
Quiet on AINo
3.5 per 10K words · 74th pct
Bottom quartile of AI mentions in 10-Ks
Net cashYes
Net cash · 0.7× EBITDA
More cash than debt, positive EBITDA
Buyout-sizedNo
$5.1B market cap
Market cap $500M–$5B
Financials
| Metric | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 | YoY | Trend |
|---|
| Revenue | $2.0B | $2.2B | $2.4B | $2.4B | $2.5B | ▲ 3.7% | |
|---|
| Operating income | $134M | $134M | $184M | $184M | $136M | ▼ 26% | |
|---|
| Net income | $103M | $104M | $145M | $148M | $109M | ▼ 26% | |
|---|
| Operating cash flow | $123M | $216M | $295M | $297M | $205M | ▼ 31% | |
|---|
| Capex | $144M | $172M | $160M | $154M | $135M | ▼ 13% | |
|---|
| Stock-based comp | $9M | $9M | $10M | $12M | $13M | ▲ 7.3% | |
|---|
| Buybacks | $44M | $0 | $24M | $71M | $33M | ▼ 54% | |
|---|
| Dividends | $21M | $22M | $23M | $25M | $25M | ▲ 2.1% | |
|---|
13D filers
| Filed | Filer | Form | Stake | Intent |
|---|
| Mar 17, 2026 | River Road Asset Management, LLC | SCHEDULE 13D/A | 3.9% | Passive |
| Feb 26, 2026 | River Road Asset Management, LLC | SCHEDULE 13D/A | 5.0% | Active |
| Nov 25, 2025 | River Road Asset Management, LLC | SCHEDULE 13D/A | 6.1% | Passive |
| Nov 17, 2025 | River Road Asset Management, LLC | SCHEDULE 13D | 6.1% | Passive |
Insider trading
- Open-market buys, 12 mo
- $0 · 0
- Open-market sells, 12 mo
- $576K · 4
- Net
- −$576K
Pay vs performance
No pay-versus-performance disclosure yet.