CompanyGraph
At a glance
- Depends onMidstream position: 5 outgoing, 5 incoming connections
- ScaleMarket cap is $6.74B, above the global median of $1.18B
- FinancialsHigh earnings quality
- Interpretations4 currently firing — 4
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Sign inWhat the company actually pays, and whether its own cash supports it.
Dividends view
Yield
1.82%Below 5Y avg (2.74%)
Annual Rate
USD 2.00Paid quarterly
Payout Ratio
35.8%Sustainable
Consecutive Growth
6 yr
Paying Dividends
8 yr
Payback Period
57.2 yr
Last Ex-Dividend
Sep 10, 2026
Last Payment
Sep 25, 2026
The reported statements, read against the company's own industry.
Financials view
Market Capitalization
6.74BUSDvs all stocks (USD)
Trailing P/E
19.71xvs Asset Management peers
Revenue (TTM)
1.56BUSDvs all stocks (USD)
Profit Margin
29.57%vs Asset Management peers
Beta
1.11xvs all stocks
52-Week Change
67.97%vs all stocks
Forward Annual Dividend Yield
1.82%vs all stocks
Market Capitalization
6.74BUSDvs all stocks (USD)
Enterprise Value
7.63BUSDvs all stocks (USD)
Trailing P/E
19.71xvs Asset Management peers
Forward P/E
12.67xvs Asset Management peers
PEG Ratio
0.1346xvs Asset Management peers
Price to Sales (TTM)
4.28xvs Asset Management peers
Price to Book (MRQ)
2.81xvs Asset Management peers
Enterprise to Revenue
4.90xvs Asset Management peers
Enterprise to EBITDA
9.48xvs Asset Management peers
Gross Margin
75.23%vs Asset Management peers
Profit Margin
29.57%vs Asset Management peers
Operating Margin
48.99%vs Asset Management peers
Return on Assets (TTM)
10.68%vs Asset Management peers
Return on Equity (TTM)
19.05%vs Asset Management peers
Revenue (TTM)
1.56BUSDvs all stocks (USD)
Revenue per Share (TTM)
24.30USDUpdated Sep 28, 2026Quarterly Revenue Growth
24.00%vs Asset Management peers
Gross Profit (TTM)
893.68MUSDvs all stocks (USD)
EBITDA (TTM)
795.01MUSDvs all stocks (USD)
Net Income (TTM)
355.46MUSDvs all stocks (USD)
Quarterly Earnings Growth (YoY)
137.30%vs Asset Management peers
Operating Cash Flow (TTM)
567.36MUSDvs all stocks (USD)
Levered Free Cash Flow (TTM)
520.32MUSDvs all stocks (USD)
Forward Annual Dividend Rate
2.00USDUpdated Sep 28, 2026Forward Annual Dividend Yield
1.82%vs all stocks
Trailing Annual Dividend Rate
1.98USDUpdated Sep 28, 2026Trailing Annual Dividend Yield
1.81%vs all stocks
5-Year Average Dividend Yield
2.74%vs all stocks
Payout Ratio
35.82%vs Asset Management peers
Revenue
1.31BUSDFY2025 · Dec 31, 2025Cost of Goods Sold
594.98MUSDFY2025 · Dec 31, 2025Gross Profit
711.15MUSDFY2025 · Dec 31, 2025Operating Income
554.98MUSDvs all stocks (USD)
Pre-tax Income
438.32MUSDFY2025 · Dec 31, 2025Income Tax Expense
108.26MUSDFY2025 · Dec 31, 2025Net Income
330.06MUSDFY2025 · Dec 31, 2025EBIT
503.88MUSDFY2025 · Dec 31, 2025EBITDA (Income Statement)
653.90MUSDFY2025 · Dec 31, 2025Selling, General & Administrative
83.32MUSDFY2025 · Dec 31, 2025Non-operating Interest Income
28.48MUSDFY2025 · Dec 31, 2025Non-operating Interest Expense
65.56MUSDFY2025 · Dec 31, 2025EPS (Basic)
4.13USDFY2025 · Dec 31, 2025EPS (Diluted)
4.08USDFY2025 · Dec 31, 2025Basic Shares Outstanding
65.44MSharesFY2025 · Dec 31, 2025Diluted Shares Outstanding
65.44MSharesFY2025 · Dec 31, 2025Net Income from Continuing Operations
330.06MUSDFY2025 · Dec 31, 2025Preferred Stock Dividends
30.77MUSDFY2025 · Dec 31, 2025Operating Cash Flow
407.58MUSDFY2025 · Dec 31, 2025Free Cash Flow
403.42MUSDDerived from operating cash flow minus capital expenditure. This filing charges 72.85M of depreciation against 4.16M of capital expenditure, and its own free-cash-flow line reads 381.33M.FY2025 · Dec 31, 2025Cash & Cash Equivalents (End of Period)
163.69MUSDFY2025 · Dec 31, 2025Income Tax Paid
72.89MUSDFY2025 · Dec 31, 2025Interest Paid
79.67MUSDFY2025 · Dec 31, 2025Starting Profit (CF Statement)
330.06MUSDFY2025 · Dec 31, 2025Depreciation & Amortization
72.85MUSDFY2025 · Dec 31, 2025Deferred Taxes (CF)
34.25MUSDFY2025 · Dec 31, 2025Stock-based Compensation
46.39MUSDFY2025 · Dec 31, 2025Other Non-cash Items
2.44MUSDFY2025 · Dec 31, 2025Change in Accounts Receivable (CF)
-36.19MUSDFY2025 · Dec 31, 2025Change in Accounts Payable (CF)
-17.75MUSDFY2025 · Dec 31, 2025Change in Other Assets/Liabilities
-24.47MUSDFY2025 · Dec 31, 2025Capital Expenditures
-4.16MUSDFY2025 · Dec 31, 2025Net Acquisitions
53.61MUSDFY2025 · Dec 31, 2025Purchase of Investments
-47.76MUSDFY2025 · Dec 31, 2025Sale of Investments
74.88MUSDFY2025 · Dec 31, 2025Net Investing Cash Flow
76.58MUSDFY2025 · Dec 31, 2025Long-term Debt Issuance
241.14MUSDFY2025 · Dec 31, 2025Long-term Debt Payments
-238.29MUSDFY2025 · Dec 31, 2025Common Stock Repurchase
-195.62MUSDFY2025 · Dec 31, 2025Common Dividends Paid
-156.96MUSDFY2025 · Dec 31, 2025Other Financing Charges
-77.60MUSDFY2025 · Dec 31, 2025Net Financing Cash Flow
-425.48MUSDFY2025 · Dec 31, 2025Shares Outstanding
61.56MSharesUpdated Sep 28, 2026Float Shares
47.31MSharesUpdated Sep 28, 2026Shares Short
2.24MSharesUpdated Sep 28, 2026Short Ratio
3.34daysvs all stocks
Short % of Shares Outstanding
5.21%vs all stocks
% Held by Insiders
11.22%vs all stocks
% Held by Institutions
81.01%vs all stocks
Total Cash (MRQ)
70.13MUSDvs all stocks (USD)
Total Cash per Share (MRQ)
1.14USDUpdated Sep 28, 2026Total Debt (MRQ)
1.01BUSDvs all stocks (USD)
Total Debt to Equity (MRQ)
0.4261xvs Asset Management peers
Current Ratio (MRQ)
2.07xvs Asset Management peers
Book Value per Share (MRQ)
38.58USDUpdated Sep 28, 2026Total Assets
4.25BUSDvs all stocks (USD)
Total Current Assets
360.90MUSDFY2025 · Dec 31, 2025Total Liabilities
1.82BUSDFY2025 · Dec 31, 2025Total Non-current Assets
3.89BUSDFY2025 · Dec 31, 2025Total Non-current Liabilities
1.66BUSDFY2025 · Dec 31, 2025Total Current Liabilities
159.95MUSDFY2025 · Dec 31, 2025Cash & Cash Equivalents
163.69MUSDFY2025 · Dec 31, 2025Accounts Receivable
176.37MUSDFY2025 · Dec 31, 2025Accounts Payable
72.39MUSDFY2025 · Dec 31, 2025Long-term Debt
970.01MUSDFY2025 · Dec 31, 2025Other Non-current Liabilities
46.37MUSDFY2025 · Dec 31, 2025Common Stock (Book)
879.00KUSDFY2025 · Dec 31, 2025Retained Earnings
1.10BUSDFY2025 · Dec 31, 2025Total Shareholders' Equity
2.42BUSDvs all stocks (USD)
Treasury Stock
786.01MUSDFY2025 · Dec 31, 202552-Week Low
57.03USDUpdated Sep 28, 202652-Week High
123.55USDUpdated Sep 28, 202652-Week Change
67.97%vs all stocks
Beta
1.11xvs all stocks
50-Day MA
108.60USDUpdated Sep 28, 2026200-Day MA
83.52USDUpdated Sep 28, 2026Avg 10-Day Volume
797.76KSharesUpdated Sep 28, 2026Avg 30-Day Volume
692.41KSharesUpdated Sep 28, 2026Diluted EPS (TTM)
5.50USDUpdated Sep 28, 2026Other Income / Expense
-77.17MUSDFY2025 · Dec 31, 20254 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?
Intangible Concentration
Much of what it owns is goodwill from past deals, large next to its equity.
Reads
How does this company use capital?
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
Three-Year Positive Free Cash Flow With Elevated ADX Asymmetry And 50w SMA Above 200w SMA
Three years of positive free cash flow, with the 50-week average above the 200-week.
Reads
Where is this company structurally exposed?
Receivables Heavy and Growing
Money owed by customers keeps growing, and is much of its current assets.
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.
Financial Health
High earnings qualityNotable
Earnings Quality Score: 0.87
High structural barrier to entryNotable
Barrier to Entry: 0.56
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 $6.74B, above the global median of $1.18BNotable
Market cap (USD): 6,741,449,091Global Median: 1,180,223,658.953
Revenue is $1.56B, above the global median of $548.88MNotable
Revenue (USD): 1,558,667,008Global Median: 548,883,780.48
Levered free cash flow is $520.32M, above the global median of $18.73MNotable
Levered free cash flow (USD): 520,321,760Global Median: 18,729,043.027
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Companies that share active interpretations — structural patterns currently present in both stocks.
Diversified Royalty Corp
3 interpretationsFCF Ratios ElevatedReceivables Heavy and GrowingIntangible Concentration
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4 interpretationsFCF Ratios ElevatedReceivables Heavy and GrowingIntangible ConcentrationThree-Year Positive Free Cash Flow With Elevated ADX Asymmetry And 50w SMA Above 200w SMA
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