CompanyGraph
What stands out
- Most companies in its industry are risk businesses; this one is a flow business
At a glance
- Depends onMidstream position: 5 outgoing, 5 incoming connections
- ScaleMarket cap is $13.36B, above the global median of $1.18B
- FinancialsHigh earnings quality
- Interpretations8 currently firing — 2 · 6
What this company is and how it runs — written from structure, not news.
What stands out
- Most companies in its industry are risk businesses; this one is a flow business
Sign in to view price data.
Sign inWhat the company actually pays, and whether its own cash supports it.
Dividends view
Yield
0.93%Below 5Y avg (1.30%)
Annual Rate
USD 1.04Paid semi-annual
Payout Ratio
18.3%Sustainable
Consecutive Growth
12 yrStrong track record
Paying Dividends
30 yr
Last Ex-Dividend
Jun 8, 2026
Last Payment
Jun 16, 2026
Screen for this company's dividend patterns
Find other companies where the same dividend readings fire.
Long Dividend Streak With Three-Year FCF Coverage
→dividend consistency
dividend coverage and payment stability
ratio cashflow fcf conversion
Buyback-to-OCF Elevated With Dividend Coverage-Stability Composite And 5-Year Buyback-to-Market-Cap Yield Elevated
→buyback intensity
dividend coverage and payment stability
share repurchase yield
2 interpretations currently present — each is a set of fired observations whose alignment reads as one structural pattern. Click an observation to see the numbers behind it.
Screen for these patternsHow does this company return capital?
Long Dividend Streak With Three-Year FCF Coverage
Years of uninterrupted dividends, covered by free cash flow on a three-year average.
Reads
Buyback-to-OCF Elevated With Dividend Coverage-Stability Composite And 5-Year Buyback-to-Market-Cap Yield Elevated
Buybacks take a large share of its cash flow, and it pays a dividend too.
Reads
An interpretation is present only while every observation it reads stays fired (score ≥ 70). It describes what the aligned readings show — never a verdict, never a prediction.
The reported statements, read against the company's own industry.
Financials view
Market Capitalization
13.36BUSDvs all stocks (USD)
Trailing P/E
19.63xvs Asset Management peers
Revenue (TTM)
2.45BUSDvs all stocks (USD)
Profit Margin
28.85%vs Asset Management peers
Beta
0.9620xvs all stocks
52-Week Change
26.08%vs all stocks
Forward Annual Dividend Yield
0.93%vs all stocks
Market Capitalization
13.36BUSDvs all stocks (USD)
Enterprise Value
13.35BUSDvs all stocks (USD)
Trailing P/E
19.63xvs Asset Management peers
Forward P/E
16.09xvs Asset Management peers
PEG Ratio
-1.88xvs Asset Management peers
Price to Sales (TTM)
5.45xvs Asset Management peers
Price to Book (MRQ)
5.34xvs Asset Management peers
Enterprise to Revenue
5.45xvs Asset Management peers
Enterprise to EBITDA
17.58xvs Asset Management peers
Gross Margin
56.75%vs Asset Management peers
Profit Margin
28.85%vs Asset Management peers
Operating Margin
30.71%vs Asset Management peers
Return on Assets (TTM)
14.76%vs Asset Management peers
Return on Equity (TTM)
27.59%vs Asset Management peers
Revenue (TTM)
2.45BUSDvs all stocks (USD)
Revenue per Share (TTM)
20.11USDUpdated Aug 28, 2026Quarterly Revenue Growth
14.70%vs Asset Management peers
Gross Profit (TTM)
1.92BUSDvs all stocks (USD)
EBITDA (TTM)
998.60MUSDvs all stocks (USD)
Net Income (TTM)
706.85MUSDvs all stocks (USD)
Quarterly Earnings Growth (YoY)
-13.80%vs Asset Management peers
Operating Cash Flow (TTM)
712.02MUSDvs all stocks (USD)
Levered Free Cash Flow (TTM)
377.48MUSDvs all stocks (USD)
Forward Annual Dividend Rate
1.04USDUpdated Aug 28, 2026Forward Annual Dividend Yield
0.93%vs all stocks
Trailing Annual Dividend Rate
1.04USDUpdated Aug 28, 2026Trailing Annual Dividend Yield
0.93%vs all stocks
5-Year Average Dividend Yield
1.30%vs all stocks
Payout Ratio
18.34%vs Asset Management peers
Minority Interest (Equity)
255.99MUSDFY2025 · Dec 31, 2025Revenue
2.30BUSDFY2025 · Dec 31, 2025Cost of Goods Sold
1.07BUSDFY2025 · Dec 31, 2025Gross Profit
1.23BUSDFY2025 · Dec 31, 2025Operating Income
627.31MUSDvs all stocks (USD)
Pre-tax Income
916.33MUSDFY2025 · Dec 31, 2025Income Tax Expense
198.78MUSDFY2025 · Dec 31, 2025Net Income
717.55MUSDFY2025 · Dec 31, 2025EBIT
916.94MUSDFY2025 · Dec 31, 2025EBITDA (Income Statement)
893.80MUSDFY2025 · Dec 31, 2025Selling, General & Administrative
271.88MUSDFY2025 · Dec 31, 2025Other Operating Expenses
252.73MUSDFY2025 · Dec 31, 2025Non-operating Interest Income
39.92MUSDFY2025 · Dec 31, 2025Non-operating Interest Expense
609.00KUSDFY2025 · Dec 31, 2025EPS (Basic)
5.76USDFY2025 · Dec 31, 2025EPS (Diluted)
5.63USDFY2025 · Dec 31, 2025Basic Shares Outstanding
124.08MSharesFY2025 · Dec 31, 2025Diluted Shares Outstanding
124.08MSharesFY2025 · Dec 31, 2025Net Income from Continuing Operations
717.55MUSDFY2025 · Dec 31, 2025Minority Interests (P&L)
-2.25MUSDFY2025 · Dec 31, 2025Operating Cash Flow
711.51MUSDFY2025 · Dec 31, 2025Free Cash Flow
692.16MUSDFY2025 · Dec 31, 2025Cash & Cash Equivalents (End of Period)
470.60MUSDFY2025 · Dec 31, 2025Income Tax Paid
169.91MUSDFY2025 · Dec 31, 2025Interest Paid
578.00KUSDFY2025 · Dec 31, 2025Starting Profit (CF Statement)
717.55MUSDFY2025 · Dec 31, 2025Depreciation & Amortization
77.08MUSDFY2025 · Dec 31, 2025Deferred Taxes (CF)
59.24MUSDFY2025 · Dec 31, 2025Stock-based Compensation
53.55MUSDFY2025 · Dec 31, 2025Other Non-cash Items
-24.72MUSDFY2025 · Dec 31, 2025Change in Accounts Receivable (CF)
-159.27MUSDFY2025 · Dec 31, 2025Change in Accounts Payable (CF)
-7.86MUSDFY2025 · Dec 31, 2025Change in Other Assets/Liabilities
-4.05MUSDFY2025 · Dec 31, 2025Capital Expenditures
-19.35MUSDFY2025 · Dec 31, 2025Net Acquisitions
-305.75MUSDFY2025 · Dec 31, 2025Purchase of Investments
-157.51MUSDFY2025 · Dec 31, 2025Sale of Investments
123.80MUSDFY2025 · Dec 31, 2025Other Investing Activity
-10.26MUSDFY2025 · Dec 31, 2025Net Investing Cash Flow
-369.07MUSDFY2025 · Dec 31, 2025Common Stock Repurchase
-628.13MUSDFY2025 · Dec 31, 2025Common Dividends Paid
-124.20MUSDFY2025 · Dec 31, 2025Other Financing Charges
18.60MUSDFY2025 · Dec 31, 2025Net Financing Cash Flow
-589.50MUSDFY2025 · Dec 31, 2025Shares Outstanding
119.98MSharesUpdated Aug 28, 2026Float Shares
99.41MSharesUpdated Aug 28, 2026Shares Short
1.81MSharesUpdated Aug 28, 2026Short Ratio
2.42daysvs all stocks
Short % of Shares Outstanding
1.57%vs all stocks
% Held by Insiders
15.63%vs all stocks
% Held by Institutions
77.57%vs all stocks
Total Cash (MRQ)
421.20MUSDvs all stocks (USD)
Total Cash per Share (MRQ)
3.51USDUpdated Aug 28, 2026Total Debt (MRQ)
67.85MUSDvs all stocks (USD)
Total Debt to Equity (MRQ)
0.0238xvs Asset Management peers
Current Ratio (MRQ)
5.06xvs Asset Management peers
Book Value per Share (MRQ)
20.84USDUpdated Aug 28, 2026Total Assets
3.26BUSDvs all stocks (USD)
Total Current Assets
1.27BUSDFY2025 · Dec 31, 2025Total Liabilities
556.07MUSDFY2025 · Dec 31, 2025Total Non-current Assets
1.99BUSDFY2025 · Dec 31, 2025Total Non-current Liabilities
168.86MUSDFY2025 · Dec 31, 2025Total Current Liabilities
387.21MUSDFY2025 · Dec 31, 2025Cash & Cash Equivalents
399.80MUSDFY2025 · Dec 31, 2025Other Short-term Investments
33.78MUSDFY2025 · Dec 31, 2025Accounts Receivable
242.22MUSDFY2025 · Dec 31, 2025Accounts Payable
5.40MUSDFY2025 · Dec 31, 2025Short-term Debt
8.68MUSDFY2025 · Dec 31, 2025Deferred Revenue
13.31MUSDFY2025 · Dec 31, 2025Long-term Debt
19.89MUSDFY2025 · Dec 31, 2025Other Non-current Liabilities
132.13MUSDFY2025 · Dec 31, 2025Common Stock (Book)
1.22MUSDFY2025 · Dec 31, 2025Retained Earnings
792.28MUSDFY2025 · Dec 31, 2025Total Shareholders' Equity
2.70BUSDvs all stocks (USD)
52-Week Low
75.08USDUpdated Aug 28, 202652-Week High
111.90USDUpdated Aug 28, 202652-Week Change
26.08%vs all stocks
Beta
0.9620xvs all stocks
50-Day MA
99.64USDUpdated Aug 28, 2026200-Day MA
87.82USDUpdated Aug 28, 2026Avg 10-Day Volume
621.84KSharesUpdated Aug 28, 2026Avg 30-Day Volume
683.94KSharesUpdated Aug 28, 2026Diluted EPS (TTM)
5.67USDUpdated Aug 28, 2026Other Income / Expense
249.71MUSDFY2025 · Dec 31, 20256 interpretations currently present — each is a set of fired observations whose alignment reads as one structural pattern. Click an observation to see the numbers behind it.
Screen for these patternsIs this company financially stable?
MRQ Cash Elevated Relative To Total Debt With EBITDA And FCF Elevated Relative To Total Liabilities
Cash covers most of its debt, with earnings high against its liabilities.
Reads
How does this company use capital?
Diagnostic
High ROE With Large Non-Operating Gap and Elevated-Margin-With-Deceleration
Return on equity reads high, with a large gap between pretax and operating income.
Reads
Three Asset-Base Ratios Elevated
It gets more sales from its assets than its industry does, and a lot of profit from them too.
Reads
FCF Ratios Elevated
Its free cash flow is large next to assets and equity, and more of its operating cash reaches it than in its industry.
Reads
Industry-Benchmarked Return on Capital Elevated
It earns more on its assets and its equity than its industry, and gets more sales from those assets.
Reads
ROE, ROA, And Operating ROA Elevated
It earns more on its equity than its industry does, and on its assets too — not on borrowing alone.
Reads
An interpretation is present only while every observation it reads stays fired (score ≥ 70). It describes what the aligned readings show — never a verdict, never a prediction.
Shared structure with peers — never a ranking.
Relationships view
Structural observations derived from financial data, industry benchmarks, and supply chain position.
Structural Tensions
Most companies in its industry are risk businesses; this one is a flow businessSignificant
Industry peers: 216Share on the common pattern %: 88.00
Financial Health
High earnings qualityNotable
Earnings Quality Score: 0.68
High structural barrier to entryNotable
Barrier to Entry: 0.69
Supply Chain
Midstream position: 5 outgoing, 5 incoming connectionsNotable
Outgoing: 5.00Incoming: 5.00
High connectivity hub: 10 industry connectionsNotable
Total Connections: 10.00
Scale
Market cap is $13.36B, above the global median of $1.18BNotable
Market cap (USD): 13,358,134,956Global Median: 1,179,398,897.704
Revenue is $2.45B, above the global median of $534.05MNotable
Revenue (USD): 2,450,235,904Global Median: 534,052,387.958
Levered free cash flow is $377.48M, above the global median of $19.23MNotable
Levered free cash flow (USD): 377,482,240Global Median: 19,234,564.734
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Companies that share active interpretations — structural patterns currently present in both stocks.
ResMed Inc.
6 interpretationsMRQ Cash Elevated Relative To Total Debt With EBITDA And FCF Elevated Relative To Total LiabilitiesLong Dividend Streak With Three-Year FCF CoverageFCF Ratios ElevatedROE, ROA, And Operating ROA ElevatedIndustry-Benchmarked Return on Capital ElevatedThree Asset-Base Ratios Elevated
Watts Water Technologies Inc.
6 interpretationsMRQ Cash Elevated Relative To Total Debt With EBITDA And FCF Elevated Relative To Total LiabilitiesLong Dividend Streak With Three-Year FCF CoverageFCF Ratios ElevatedROE, ROA, And Operating ROA ElevatedIndustry-Benchmarked Return on Capital ElevatedThree Asset-Base Ratios Elevated
Harmony Biosciences Holdings, Inc.
5 interpretationsMRQ Cash Elevated Relative To Total Debt With EBITDA And FCF Elevated Relative To Total LiabilitiesFCF Ratios ElevatedROE, ROA, And Operating ROA ElevatedIndustry-Benchmarked Return on Capital ElevatedThree Asset-Base Ratios Elevated