Revenue minus cost of goods sold. Graham's ≥40% threshold identifies businesses with durable pricing power. Note: software and financial companies naturally exceed this; retailers and manufacturers rarely reach it due to their cost structures.
Operating Margin47.4%
Profit after operating costs before interest and taxes. A consistent ≥15% operating margin signals a business with real competitive advantages. Capital-intensive industries (airlines, auto, commodities) rarely hit this threshold due to their structural cost base — compare within industry for context.
Net Income Margin23.5%
Bottom-line profit as a percentage of revenue. The ≥20% target reflects Buffett's preference for highly profitable businesses. Financial engineering (buybacks, tax optimisation) can inflate this temporarily — look for consistency across multiple years rather than a single strong result.
Financial Health
D
Years to Pay Off Debt14.5 yrs
Total Debt ÷ Net Income. Lower = stronger balance sheet. Important caveat: utilities, telecoms, REITs, and infrastructure companies carry large structural debt by design — their bond-like cash flows service it comfortably at ratios that would alarm Graham. Compare within sector.
Working Capital vs Long-Term Debt-$24.3B
Working Capital minus Long-Term Debt. Negative results are common and expected in capital-return-focused businesses like Apple, Domino's, and McDonald's — where aggressive buybacks and dividends intentionally reduce book equity. This does not indicate financial distress in high-FCF businesses.
Working Capital$4.8B
Current Assets minus Current Liabilities. Negative working capital can be a deliberate efficiency strategy in businesses that collect cash before paying suppliers (retailers, fast food franchises, subscription businesses). Assess alongside free cash flow generation for full context.
Valuation
N/A
Cash Flow
A
Free Cash Flow$1.8B
Operating cash flow minus capital expenditures. Buffett's most important metric — cash a business actually generates for its owners after maintaining and growing its asset base. Consistently positive FCF is one of the strongest indicators of a durable, well-run business regardless of accounting profits.
CapEx % of Net Income10.7%
Capital expenditure as a share of net income. Low CapEx signals a capital-light business that doesn't need heavy reinvestment to sustain earnings — Buffett's ideal. High CapEx is structurally necessary in manufacturing, airlines, telecoms, and semiconductors. For these industries, a high reading reflects the business model, not poor management.
Owner Earnings$2.7B
Net Income + Depreciation & Amortisation − Capital Expenditures. Buffett's preferred measure of a company's true annual earning power — what could theoretically be distributed to owners without impairing the business. More reliable than reported EPS because it accounts for the capital cost of maintaining the business.
Metric Explanations
What each dimension measures and where the thresholds come from.
Gross Profit Margin
Revenue minus cost of goods sold. Graham's ≥40% threshold identifies businesses with durable pricing power. Note: software and financial companies naturally exceed this; retailers and manufacturers rarely reach it due to their cost structures.
Operating Margin
Profit after operating costs before interest and taxes. A consistent ≥15% operating margin signals a business with real competitive advantages. Capital-intensive industries (airlines, auto, commodities) rarely hit this threshold due to their structural cost base — compare within industry for context.
Net Income Margin
Bottom-line profit as a percentage of revenue. The ≥20% target reflects Buffett's preference for highly profitable businesses. Financial engineering (buybacks, tax optimisation) can inflate this temporarily — look for consistency across multiple years rather than a single strong result.
Years to Pay Off Debt
Total Debt ÷ Net Income. Lower = stronger balance sheet. Important caveat: utilities, telecoms, REITs, and infrastructure companies carry large structural debt by design — their bond-like cash flows service it comfortably at ratios that would alarm Graham. Compare within sector.
Working Capital vs Long-Term Debt
Working Capital minus Long-Term Debt. Negative results are common and expected in capital-return-focused businesses like Apple, Domino's, and McDonald's — where aggressive buybacks and dividends intentionally reduce book equity. This does not indicate financial distress in high-FCF businesses.
Working Capital
Current Assets minus Current Liabilities. Negative working capital can be a deliberate efficiency strategy in businesses that collect cash before paying suppliers (retailers, fast food franchises, subscription businesses). Assess alongside free cash flow generation for full context.
Free Cash Flow
Operating cash flow minus capital expenditures. Buffett's most important metric — cash a business actually generates for its owners after maintaining and growing its asset base. Consistently positive FCF is one of the strongest indicators of a durable, well-run business regardless of accounting profits.
CapEx % of Net Income
Capital expenditure as a share of net income. Low CapEx signals a capital-light business that doesn't need heavy reinvestment to sustain earnings — Buffett's ideal. High CapEx is structurally necessary in manufacturing, airlines, telecoms, and semiconductors. For these industries, a high reading reflects the business model, not poor management.
Owner Earnings
Net Income + Depreciation & Amortisation − Capital Expenditures. Buffett's preferred measure of a company's true annual earning power — what could theoretically be distributed to owners without impairing the business. More reliable than reported EPS because it accounts for the capital cost of maintaining the business.
Market Data
Key Margins
Gross Profit60.1%
Operating Margin47.4%
Net Margin23.5%
Company Info
Showing Key Metrics
Income Highlights
Metric
2025
2024
2023
2022
2021
Gross Profit %
60.1%▲
58.8%▲
58.3%▲
57.1%•
N/A
Operating Margin %
47.4%▲
45.1%▲
44.4%▲
40.8%•
N/A
Net Income %
23.5%▲
21.6%▲
19.7%▲
16.0%•
N/A
Diluted EPS
32.08▲
25.62▲
22.03▲
13.40•
N/A
Balance Sheet Highlights
Metric
2025
2024
2023
2022
2021
Total Assets
$22.9B
$25.6B
$20.0B
$18.1B
N/A
Total Debt
$30.0B▲
$24.9B▲
$19.8B▼
$19.8B•
N/A
Working Capital
$4.8B▲
$3.7B▼
$5.2B▲
$4.2B•
N/A
Years to Pay Debt
14.48
14.53
15.23
22.88
N/A
Cash Flow Highlights
Metric
2025
2024
2023
2022
2021
Free Cash Flow
$1.8B▼
$1.9B▲
$1.2B▲
$829M•
N/A
Owner Earnings
$2.7B
$2.2B
$1.7B
$1.2B
N/A
CapEx % of Net Income
10.7%
9.6%
10.7%
13.7%
N/A
Income Statement
2025
2024
2023
2022
2021
Tax Effect Of Unusual Items
-5,064
-10,396
0
0
Tax Rate For Calcs
0
0
0
0
Normalized EBITDA
4,592,000
3,859,000
3,148,000
2,456,000
Total Unusual Items
-24,000
-46,000
-10,000
-13,000
Total Unusual Items Excluding Goodwill
-24,000
-46,000
-10,000
-13,000
Net Income From Continuing Operation Net Minority Interest
2,074,000
1,714,000
1,298,000
865,000
Reconciled Depreciation
367,000
312,000
268,000
253,000
Reconciled Cost Of Revenue
3,354,000
3,117,000
2,614,000
2,213,000
EBITDA
4,568,000
3,813,000
3,148,000
2,456,000
EBIT
4,201,000
3,501,000
2,880,000
2,203,000
Net Interest Income
-1,583,000
-1,344,000
-1,220,000
-1,077,000
Interest Expense
1,572,000
1,286,000
1,164,000
1,076,000
Normalized Income
2,092,936
1,749,604
1,298,000
865,000
Net Income From Continuing And Discontinued Operation
2,074,000
1,714,000
1,298,000
866,000
Total Expenses
4,642,000
4,363,000
3,662,000
3,214,000
Total Operating Income As Reported
4,165,000
3,531,000
2,923,000
2,215,000
Diluted Average Shares
58,200
57,800
57,200
58,200
Basic Average Shares
58,200
57,800
57,200
58,200
Diluted EPS
0
0
0
0
Basic EPS
0
0
0
0
Diluted NI Availto Com Stockholders
1,866,000
1,481,000
1,260,000
780,000
Net Income Common Stockholders
1,866,000
1,481,000
1,260,000
780,000
Otherunder Preferred Stock Dividend
208,000
233,000
38,000
86,000
Net Income
2,074,000
1,714,000
1,298,000
866,000
Minority Interests
0
-1,000
-1,000
-1,000
Net Income Including Noncontrolling Interests
2,074,000
1,715,000
1,299,000
867,000
Net Income Discontinuous Operations
0
0
1,000
0
Net Income Continuous Operations
2,074,000
1,715,000
1,299,000
866,000
Tax Provision
555,000
500,000
417,000
261,000
Pretax Income
2,629,000
2,215,000
1,716,000
1,127,000
Other Income Expense
23,000
-18,000
13,000
-11,000
Other Non Operating Income Expenses
47,000
28,000
13,000
-11,000
Special Income Charges
-24,000
-46,000
-10,000
-13,000
Gain On Sale Of Business
0
7,000
69,000
Other Special Charges
10,000
Write Off
3,000
-4,000
9,000
0
Restructuring And Mergern Acquisition
24,000
46,000
14,000
11,000
Net Non Operating Interest Income Expense
-1,583,000
-1,344,000
-1,220,000
-1,077,000
Total Other Finance Cost
11,000
58,000
56,000
1,000
Interest Expense Non Operating
1,572,000
1,286,000
1,164,000
1,076,000
Operating Income
4,189,000
3,577,000
2,923,000
2,215,000
Operating Expense
1,122,000
1,095,000
919,000
884,000
Depreciation Amortization Depletion Income Statement
201,000
161,000
139,000
136,000
Depreciation And Amortization In Income Statement
201,000
161,000
139,000
136,000
Amortization
201,000
161,000
139,000
136,000
Amortization Of Intangibles Income Statement
201,000
161,000
139,000
136,000
Selling General And Administration
921,000
934,000
780,000
748,000
General And Administrative Expense
921,000
934,000
770,000
728,000
Other Gand A
779,000
738,000
629,000
563,000
Salaries And Wages
142,000
196,000
141,000
165,000
Gross Profit
5,311,000
4,672,000
3,842,000
3,099,000
Cost Of Revenue
3,520,000
3,268,000
2,743,000
2,330,000
Total Revenue
8,831,000
7,940,000
6,585,000
5,429,000
Operating Revenue
8,831,000
7,940,000
6,585,000
5,429,000
Balance Sheet
2025
2024
2023
2022
2021
Treasury Shares Number
6,090
5,689
5,689
5,689
Ordinary Shares Number
56,376
56,216
55,307
54,361
Share Issued
62,465
61,905
60,996
60,050
Net Debt
27,207,000
18,619,000
16,278,000
16,794,000
Total Debt
30,030,000
24,899,000
19,766,000
19,813,000
Tangible Book Value
-23,752,000
-20,155,000
-13,719,000
-15,164,000
Invested Capital
20,329,000
18,590,000
17,766,000
16,022,000
Working Capital
4,830,000
3,690,000
5,159,000
4,223,000
Net Tangible Assets
-23,752,000
-20,155,000
-13,719,000
-15,164,000
Capital Lease Obligations
15,000
19,000
16,000
18,000
Common Stock Equity
-9,686,000
-6,290,000
-1,984,000
-3,773,000
Total Capitalization
19,481,000
18,006,000
17,346,000
15,596,000
Total Equity Gross Minority Interest
-9,679,000
-6,283,000
-1,978,000
-3,766,000
Minority Interest
7,000
7,000
6,000
7,000
Stockholders Equity
-9,686,000
-6,290,000
-1,984,000
-3,773,000
Gains Losses Not Affecting Retained Earnings
-10,000
-42,000
-98,000
-267,000
Other Equity Adjustments
-10,000
-42,000
-98,000
-267,000
Treasury Stock
2,206,000
1,706,000
1,706,000
1,706,000
Retained Earnings
-10,606,000
-7,362,000
-2,621,000
-3,914,000
Additional Paid In Capital
3,135,000
2,819,000
2,440,000
2,113,000
Capital Stock
1,000
1,000
1,000
1,000
Common Stock
1,000
1,000
1,000
1,000
Total Liabilities Net Minority Interest
32,588,000
31,869,000
21,948,000
21,873,000
Total Non Current Liabilities Net Minority Interest
30,406,000
25,530,000
20,369,000
20,447,000
Other Non Current Liabilities
480,000
468,000
412,000
482,000
Non Current Deferred Liabilities
759,000
766,000
627,000
596,000
Non Current Deferred Taxes Liabilities
759,000
766,000
627,000
596,000
Long Term Debt And Capital Lease Obligation
29,167,000
24,296,000
19,330,000
19,369,000
Long Term Debt
29,167,000
24,296,000
19,330,000
19,369,000
Current Liabilities
2,182,000
6,339,000
1,579,000
1,426,000
Other Current Liabilities
204,000
237,000
174,000
179,000
Current Deferred Liabilities
143,000
168,000
79,000
45,000
Current Deferred Revenue
143,000
168,000
79,000
45,000
Current Debt And Capital Lease Obligation
863,000
603,000
436,000
444,000
Current Capital Lease Obligation
15,000
19,000
16,000
18,000
Current Debt
848,000
584,000
420,000
426,000
Other Current Borrowings
848,000
584,000
420,000
426,000
Pensionand Other Post Retirement Benefit Plans Current
235,000
256,000
217,000
168,000
Current Provisions
25,000
27,000
58,000
65,000
Payables And Accrued Expenses
712,000
5,048,000
615,000
525,000
Current Accrued Expenses
245,000
221,000
153,000
196,000
Interest Payable
208,000
185,000
125,000
170,000
Payables
467,000
4,827,000
462,000
329,000
Dividends Payable
59,000
4,396,000
19,000
39,000
Total Tax Payable
40,000
108,000
138,000
11,000
Income Tax Payable
40,000
108,000
138,000
11,000
Accounts Payable
368,000
323,000
305,000
279,000
Total Assets
22,909,000
25,586,000
19,970,000
18,107,000
Total Non Current Assets
15,897,000
15,557,000
13,232,000
12,458,000
Other Non Current Assets
252,000
204,000
242,000
260,000
Goodwill And Other Intangible Assets
14,066,000
13,865,000
11,735,000
11,391,000
Other Intangible Assets
3,454,000
3,446,000
2,747,000
2,750,000
Goodwill
10,612,000
10,419,000
8,988,000
8,641,000
Net PPE
1,579,000
1,488,000
1,255,000
807,000
Accumulated Depreciation
-1,191,000
-1,017,000
-870,000
-780,000
Gross PPE
2,770,000
2,505,000
2,125,000
1,587,000
Construction In Progress
163,000
141,000
105,000
78,000
Machinery Furniture Equipment
1,621,000
1,445,000
1,334,000
945,000
Buildings And Improvements
794,000
733,000
567,000
461,000
Land And Improvements
192,000
186,000
119,000
103,000
Current Assets
7,012,000
10,029,000
6,738,000
5,649,000
Other Current Assets
492,000
511,000
420,000
349,000
Prepaid Assets
349,000
267,000
Inventory
2,095,000
1,876,000
1,616,000
1,332,000
Inventories Adjustments Allowances
-270,000
-236,000
-209,000
-196,000
Finished Goods
288,000
290,000
226,000
210,000
Work In Process
555,000
508,000
455,000
359,000
Raw Materials
1,522,000
1,314,000
1,144,000
959,000
Receivables
1,617,000
1,381,000
1,230,000
967,000
Accounts Receivable
1,617,000
1,381,000
1,230,000
967,000
Allowance For Doubtful Accounts Receivable
-25,000
-32,000
-31,000
-35,000
Gross Accounts Receivable
1,642,000
1,413,000
1,261,000
1,002,000
Cash Cash Equivalents And Short Term Investments
2,808,000
6,261,000
3,472,000
3,001,000
Cash And Cash Equivalents
2,808,000
6,261,000
3,472,000
3,001,000
Cash Flow
2025
2024
2023
2022
2021
Free Cash Flow
1,816,000
1,880,000
1,236,000
829,000
Repurchase Of Capital Stock
-500,000
0
0
-912,000
Repayment Of Debt
-6,272,000
-9,353,000
-9,915,000
-275,000
Issuance Of Debt
11,345,000
14,325,000
9,742,000
0
Capital Expenditure
-222,000
-165,000
-139,000
-119,000
Interest Paid Supplemental Data
1,481,000
1,158,000
1,160,000
1,057,000
Income Tax Paid Supplemental Data
640,000
539,000
260,000
220,000
End Cash Position
2,808,000
6,261,000
3,472,000
3,001,000
Beginning Cash Position
6,261,000
3,472,000
3,001,000
4,787,000
Effect Of Exchange Rate Changes
4,000
14,000
12,000
-33,000
Changes In Cash
-3,457,000
2,775,000
459,000
-1,753,000
Financing Cash Flow
-4,900,000
3,171,000
-16,000
-2,148,000
Cash Flow From Continuing Financing Activities
-4,900,000
3,171,000
-16,000
-2,148,000
Net Other Financing Charges
-10,000
-8,000
-20,000
-2,000
Proceeds From Stock Option Exercised
166,000
245,000
215,000
132,000
Cash Dividends Paid
-9,629,000
-2,038,000
-38,000
-1,091,000
Common Stock Dividend Paid
-9,629,000
-2,038,000
-38,000
-1,091,000
Net Common Stock Issuance
-500,000
0
0
-912,000
Common Stock Payments
-500,000
0
0
-912,000
Net Issuance Payments Of Debt
5,073,000
4,972,000
-173,000
-275,000
Net Short Term Debt Issuance
238,000
137,000
0
0
Short Term Debt Payments
0
-200,000
-200,000
Short Term Debt Issuance
238,000
137,000
0
0
Net Long Term Debt Issuance
4,835,000
4,835,000
-173,000
-275,000
Long Term Debt Payments
-6,272,000
-9,353,000
-9,915,000
-275,000
Long Term Debt Issuance
11,107,000
14,188,000
9,742,000
0
Investing Cash Flow
-595,000
-2,441,000
-900,000
-553,000
Cash Flow From Continuing Investing Activities
-595,000
-2,441,000
-900,000
-553,000
Net Other Investing Changes
46,000
71,000
1,000
3,000
Net Business Purchase And Sale
-419,000
-2,347,000
-762,000
-437,000
Sale Of Business
1,000
3,000
259,000
Purchase Of Business
-419,000
-2,347,000
-762,000
-437,000
Net PPE Purchase And Sale
24,000
Sale Of PPE
24,000
Capital Expenditure Reported
-222,000
-165,000
-139,000
-119,000
Operating Cash Flow
2,038,000
2,045,000
1,375,000
948,000
Cash Flow From Continuing Operating Activities
2,038,000
2,045,000
1,375,000
948,000
Change In Working Capital
-558,000
-302,000
-431,000
-291,000
Change In Other Working Capital
-94,000
-62,000
168,000
58,000
Change In Other Current Assets
-55,000
-60,000
-44,000
-56,000
Change In Payables And Accrued Expense
-41,000
8,000
-82,000
31,000
Change In Accrued Expense
-79,000
19,000
-94,000
-27,000
Change In Interest Payable
23,000
60,000
-45,000
-21,000
Change In Payable
38,000
-11,000
12,000
58,000
Change In Account Payable
38,000
-11,000
12,000
58,000
Change In Tax Payable
168,000
58,000
-63,000
Change In Income Tax Payable
168,000
58,000
-63,000
Change In Inventory
-156,000
-104,000
-261,000
-134,000
Change In Receivables
-212,000
-84,000
-212,000
-190,000
Changes In Account Receivables
-212,000
-84,000
-212,000
-190,000
Other Non Cash Items
8,000
84,000
65,000
-2,000
Stock Based Compensation
157,000
217,000
157,000
184,000
Deferred Tax
-10,000
10,000
3,000
-22,000
Deferred Income Tax
-10,000
10,000
3,000
-22,000
Depreciation Amortization Depletion
367,000
312,000
268,000
253,000
Depreciation And Amortization
367,000
312,000
268,000
253,000
Amortization Cash Flow
204,000
163,000
139,000
137,000
Amortization Of Intangibles
204,000
163,000
139,000
137,000
Depreciation
163,000
149,000
129,000
116,000
Operating Gains Losses
9,000
14,000
-41,000
-58,000
Pension And Employee Benefit Expense
0
0
0
6,000
Net Foreign Currency Exchange Gain Loss
10,000
20,000
14,000
-40,000
Gain Loss On Sale Of Business
-10,000
-11,000
0
-7,000
Net Income From Continuing Operations
2,074,000
1,715,000
1,299,000
867,000
4/5
Graham Score
Enterprising Investor
Requires deeper research. Suited for active investors.
Graham's Fair Value
N/A
Negative book value — Graham's formula requires positive equity (BVPS). Common in companies with heavy buybacks (MCD, AAPL). Not a flaw in the business, but the formula cannot produce a fair value.
Margin of Safety
—
Market Cap / Net Assets
⚠ Negative Net Assets
Net Assets: -$9.7B
⚠ Negative Net Assets — total liabilities exceed total assets on paper. This is common in companies that aggressively return capital via buybacks and dividends (Apple, McDonald's, Domino's). It does not indicate insolvency if the business generates strong, consistent free cash flow. Focus on FCF and earnings power rather than balance sheet book value for these companies.
Warren's Owner Earnings
$2.7B
Latest fiscal year
Graham's 7 Criteria
Defensive Investor Checklist
4/5 — Enterprising Investor
✅
Adequate Size
Graham required companies large enough to withstand economic downturns. This threshold ($1.5B) is inflation-adjusted from Graham's original $100M — virtually all S&P 500 companies pass this today.
$8.8B
vs > $1.5B revenue
✅
Strong Financial Condition
Current assets must be at least twice current liabilities. Note: highly profitable companies (Apple, Domino's) often run negative or low working capital deliberately — they collect cash fast and stretch payables. A failing score here is not always a warning sign.
3.21x
vs Current Ratio > 2.0x
✅
Earnings Stability
Graham required uninterrupted positive earnings. Any loss year is a red flag for defensive investors. Growth companies and cyclicals may show occasional losses during investment cycles or downturns without being fundamentally unsound.
No loss years (4 yrs data)
vs No negative EPS years
❌
Dividend Record
Graham valued dividends as evidence of financial discipline and shareholder alignment. Many excellent modern businesses (Alphabet, Amazon, Berkshire Hathaway) pay no dividend, preferring to reinvest cash at high rates of return. Failing this criterion does not indicate a poor business — it may indicate a high-growth one.
No dividend
vs Uninterrupted dividends
✅
Earnings Growth
EPS grew from $13.40 to $32.08 over 3 years. Graham's 33% threshold was set over a 10-year period. Measured over fewer years (as here), the bar is proportionally lower. Share buybacks can also inflate EPS growth without reflecting underlying business improvement.
+139.4% EPS growth
vs > 33% EPS growth
Graham's 7 Criteria — Explained
What each criterion measures and why it matters.
✅ Adequate Size — $8.8Bvs > $1.5B revenue
Graham required companies large enough to withstand economic downturns. This threshold ($1.5B) is inflation-adjusted from Graham's original $100M — virtually all S&P 500 companies pass this today.
"The minimum size of an enterprise should be not less than $100 million of annual sales."
✅ Strong Financial Condition — 3.21xvs Current Ratio > 2.0x
Current assets must be at least twice current liabilities. Note: highly profitable companies (Apple, Domino's) often run negative or low working capital deliberately — they collect cash fast and stretch payables. A failing score here is not always a warning sign.
"For industrial companies, current assets should be at least twice current liabilities."
✅ Earnings Stability — No loss years (4 yrs data)vs No negative EPS years
Graham required uninterrupted positive earnings. Any loss year is a red flag for defensive investors. Growth companies and cyclicals may show occasional losses during investment cycles or downturns without being fundamentally unsound.
"The company should have shown no deficit in the past ten years."
❌ Dividend Record — No dividendvs Uninterrupted dividends
Graham valued dividends as evidence of financial discipline and shareholder alignment. Many excellent modern businesses (Alphabet, Amazon, Berkshire Hathaway) pay no dividend, preferring to reinvest cash at high rates of return. Failing this criterion does not indicate a poor business — it may indicate a high-growth one.
"Some current dividend payments — for at least the past 20 years."
EPS grew from $13.40 to $32.08 over 3 years. Graham's 33% threshold was set over a 10-year period. Measured over fewer years (as here), the bar is proportionally lower. Share buybacks can also inflate EPS growth without reflecting underlying business improvement.
"A minimum increase of at least one-third in per-share earnings over ten years."
These metrics estimate what TDG is worth based on fundamentals — independent of what the market prices it at.
Graham's Fair Value and NCAV are conservative floors.
EPV assumes zero growth. These are reference points, not price targets.
Net Current Asset Value
N/A
"Buy at two-thirds of net current assets." — Graham
Earnings Power Value
N/A
Per share, no-growth floor. Compare to current price.
ROIC — Return on Invested Capital
16.0%
Return on Invested Capital — Buffett's preferred measure for asset-light businesses. ROIC > 15% consistently signals a durable competitive advantage (moat). More meaningful than P/B for software, pharma, and consumer brand companies where most value is intangible and off-balance-sheet.
Cash Flow Analysis
Metric
2025
2024
2023
2022
2021
Capital Expenditure % of Net Income
10.7%
9.6%
10.7%
13.7%
N/A
Repurchase of Capital Stock
-$500M
$0M
$0M
-$912M
N/A
Free Cash Flow
$1.8B▼
$1.9B▲
$1.2B▲
$829M•
N/A•
Warren's Owner Earnings
$2.7B
$2.2B
$1.7B
$1.2B
N/A
Peers & Industry
No auto-detected peers for this industry. You can manually compare TDG against any stock using the Compare tool.
"The management of a business is its most important single factor — more important than market position, patents, or financial structure."
— Benjamin Graham
No management data available.
Risk Analysis
TDG (TDG) fundamental analysis — Overall grade B based on profitability, financial health, valuation and cash flow. Graham's
Fair Value: N/A. Gross profit margin: 60.1%. Operating margin: 47.4%. Net margin: 23.5%. Analysis powered by 360investing — free fundamental stock analysis based on Benjamin Graham and Warren Buffett
principles.
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and may be delayed, inaccurate, or incomplete. Past performance is not indicative of future results. Analysis, scores, and valuations are algorithmic and do not represent professional investment recommendations. Always conduct your own due
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