SequelSEC

Screens

Questions answered from the current filings.

Profitable US public companies

Companies with revenue above $1bn that reported positive net income in their most recent annual filing. Profit here is the figure the company reported, not an adjusted or normalized earnings measure.

Companies with more cash than long-term debt

Profitable companies whose reported cash and equivalents exceed their long-term debt. A company reporting no debt at all is excluded rather than counted as zero, because a missing figure and a reported zero are different facts.

High gross margin companies

Companies with revenue above $1bn whose gross margin exceeds 50%. Gross margin is gross profit divided by revenue, both as the filer reported them; banks and insurers report no cost of revenue and so do not appear.

Companies growing revenue five years running

Companies whose reported revenue rose in each of the last five annual periods. Each year is compared with the one before it using the same filing basis, so a restatement does not create a false increase.

Companies with five years of positive free cash flow

Companies reporting positive free cash flow -- operating cash flow less capital expenditure -- in each of the last five annual periods. Both inputs come from the same filing, so the calculation never mixes restatement bases.

Companies that grew revenue in 8 of the last 9 years

Each year is compared with the one before it on the same filing basis, so a restatement cannot manufacture an increase. One down year is allowed, which is what separates a durable record from an unbroken one. Nine years is the longest run of changes ten annual periods can show.

Companies that have not reported a loss in ten years

Net income as reported was zero or above in every one of the last ten annual periods. A company with fewer than ten years of filings does not qualify, because the question cannot be answered for it rather than because the answer is no.

Ten straight years of positive free cash flow

Operating cash flow exceeded capital expenditure in each of the last ten annual periods. Both come from the same filing each year, so the calculation never mixes restatement bases. Banks and brokers are excluded in practice: free cash flow does not describe them.

Profitable companies reducing their share count

The diluted weighted-average share count fell between the two most recent annual periods while the company reported a profit. A falling count usually means buybacks outweighed issuance, though a reverse split would also produce one.

Companies earning more than 20% on equity

Reported net income divided by reported total equity, both from the same annual filing. A company that has bought back enough stock to leave little equity can show a high ratio without earning more, so the figure rewards reading alongside the balance sheet.

Profitable companies spending under 5% of revenue on capital

Capital expenditure below a twentieth of revenue, with free cash flow positive. It identifies businesses that grow without heavy reinvestment in property and equipment; it says nothing about research spending, which is an expense rather than capital.

Largest US public companies by revenue

Companies reporting more than $50bn of annual revenue. Banks and brokers report a top line net of interest expense, which is not comparable with an operating company’s revenue; those filers are labelled in the table.