Espey Manufacturing & Electronics (ESP)
Market Price (3/30/2026): $55.65 | Market Cap: $153.1 MilSector: Industrials | Industry: Electrical Components & Equipment
Espey Manufacturing & Electronics (ESP)
Market Price (3/30/2026): $55.65Market Cap: $153.1 MilSector: IndustrialsIndustry: Electrical Components & Equipment
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 9.3%, Dividend Yield is 3.1%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 5.3%, FCF Yield is 7.6% | Stock price has recently run up significantly12M Rtn12 month market price return is 114% |
| Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -28% | Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -6.4%, Rev Chg QQuarterly Revenue Change % is -11% |
| Attractive operating marginsOp Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is 23% | Key risksESP key risks include [1] a heavy dependence on U.S. Show more. |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 42%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 28% | |
| Megatrend and thematic driversMegatrends include Advanced Aviation & Space, and Automation & Robotics. Themes include Advanced Air Mobility, Drone Technology, Show more. |
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 9.3%, Dividend Yield is 3.1%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 5.3%, FCF Yield is 7.6% |
| Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -28% |
| Attractive operating marginsOp Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is 23% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 42%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 28% |
| Megatrend and thematic driversMegatrends include Advanced Aviation & Space, and Automation & Robotics. Themes include Advanced Air Mobility, Drone Technology, Show more. |
| Stock price has recently run up significantly12M Rtn12 month market price return is 114% |
| Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -6.4%, Rev Chg QQuarterly Revenue Change % is -11% |
| Key risksESP key risks include [1] a heavy dependence on U.S. Show more. |
Qualitative Assessment
AI Analysis | Feedback
Espey Manufacturing & Electronics (ESP) stock has gained about 45% since 11/30/2025 because of the following key factors:
1. Sustained Net Income Growth Despite Revenue Declines: Espey Manufacturing & Electronics demonstrated strong profitability, reporting a 47% year-over-year increase in net income for Q2 FY2026 (ending December 31, 2025), reaching $2.81 million or $0.99 per diluted share, up from $1.91 million ($0.71 per diluted share) in the prior-year quarter. For the first six months of fiscal year 2026, net income rose 41.7% to $4.97 million ($1.75 per diluted share). This robust growth in earnings occurred despite a slight decline in net sales for both the quarter and the six-month period, indicating effective cost management and improved operational efficiency.
2. Robust and Growing Backlog: The company maintained a significant and increasing backlog, which stood at $134.7 million as of December 31, 2025, compared to approximately $120.1 million at December 31, 2024. This substantial backlog provides strong revenue visibility and signals continued demand for Espey's specialized military and industrial power supplies and transformers. The backlog had also seen a significant increase to $141.1 million at September 30, 2025, compared to $94.6 million a year prior, which set a positive tone leading into the specified period.
Show more
1. Sustained Net Income Growth Despite Revenue Declines: Espey Manufacturing & Electronics demonstrated strong profitability, reporting a 47% year-over-year increase in net income for Q2 FY2026 (ending December 31, 2025), reaching $2.81 million or $0.99 per diluted share, up from $1.91 million ($0.71 per diluted share) in the prior-year quarter. For the first six months of fiscal year 2026, net income rose 41.7% to $4.97 million ($1.75 per diluted share). This robust growth in earnings occurred despite a slight decline in net sales for both the quarter and the six-month period, indicating effective cost management and improved operational efficiency.
2. Robust and Growing Backlog: The company maintained a significant and increasing backlog, which stood at $134.7 million as of December 31, 2025, compared to approximately $120.1 million at December 31, 2024. This substantial backlog provides strong revenue visibility and signals continued demand for Espey's specialized military and industrial power supplies and transformers. The backlog had also seen a significant increase to $141.1 million at September 30, 2025, compared to $94.6 million a year prior, which set a positive tone leading into the specified period.
Show more
Stock Movement Drivers
Fundamental Drivers
The 45.3% change in ESP stock from 11/30/2025 to 3/29/2026 was primarily driven by a 33.3% change in the company's P/E Multiple.| (LTM values as of) | 11302025 | 3292026 | Change |
|---|---|---|---|
| Stock Price ($) | 38.69 | 56.22 | 45.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 43 | 41 | -3.5% |
| Net Income Margin (%) | 20.5% | 23.4% | 14.2% |
| P/E Multiple | 12.1 | 16.1 | 33.3% |
| Shares Outstanding (Mil) | 3 | 3 | -1.2% |
| Cumulative Contribution | 45.3% |
Market Drivers
11/30/2025 to 3/29/2026| Return | Correlation | |
|---|---|---|
| ESP | 45.3% | |
| Market (SPY) | -5.3% | 18.6% |
| Sector (XLI) | 3.9% | 27.0% |
Fundamental Drivers
The 25.0% change in ESP stock from 8/31/2025 to 3/29/2026 was primarily driven by a 51.2% change in the company's Net Income Margin (%).| (LTM values as of) | 8312025 | 3292026 | Change |
|---|---|---|---|
| Stock Price ($) | 44.96 | 56.22 | 25.0% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 46 | 41 | -10.5% |
| Net Income Margin (%) | 15.5% | 23.4% | 51.2% |
| P/E Multiple | 16.5 | 16.1 | -2.2% |
| Shares Outstanding (Mil) | 3 | 3 | -5.5% |
| Cumulative Contribution | 25.0% |
Market Drivers
8/31/2025 to 3/29/2026| Return | Correlation | |
|---|---|---|
| ESP | 25.0% | |
| Market (SPY) | 0.6% | 15.3% |
| Sector (XLI) | 5.5% | 20.6% |
Fundamental Drivers
The 120.0% change in ESP stock from 2/28/2025 to 3/29/2026 was primarily driven by a 59.6% change in the company's Net Income Margin (%).| (LTM values as of) | 2282025 | 3292026 | Change |
|---|---|---|---|
| Stock Price ($) | 25.56 | 56.22 | 120.0% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 44 | 41 | -6.4% |
| Net Income Margin (%) | 14.6% | 23.4% | 59.6% |
| P/E Multiple | 10.3 | 16.1 | 56.8% |
| Shares Outstanding (Mil) | 3 | 3 | -6.1% |
| Cumulative Contribution | 120.0% |
Market Drivers
2/28/2025 to 3/29/2026| Return | Correlation | |
|---|---|---|
| ESP | 120.0% | |
| Market (SPY) | 9.8% | 20.0% |
| Sector (XLI) | 18.4% | 23.1% |
Fundamental Drivers
The 219.3% change in ESP stock from 2/28/2023 to 3/29/2026 was primarily driven by a 183.0% change in the company's Net Income Margin (%).| (LTM values as of) | 2282023 | 3292026 | Change |
|---|---|---|---|
| Stock Price ($) | 17.61 | 56.22 | 219.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 35 | 41 | 19.1% |
| Net Income Margin (%) | 8.3% | 23.4% | 183.0% |
| P/E Multiple | 15.1 | 16.1 | 6.3% |
| Shares Outstanding (Mil) | 2 | 3 | -10.9% |
| Cumulative Contribution | 219.3% |
Market Drivers
2/28/2023 to 3/29/2026| Return | Correlation | |
|---|---|---|
| ESP | 219.3% | |
| Market (SPY) | 69.4% | 18.6% |
| Sector (XLI) | 65.1% | 21.4% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| ESP Return | -25% | -0% | 35% | 67% | 63% | 19% | 229% |
| Peers Return | 18% | -0% | 23% | 24% | 33% | 10% | 164% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | -5% | 72% |
Monthly Win Rates [3] | |||||||
| ESP Win Rate | 50% | 50% | 58% | 83% | 58% | 67% | |
| Peers Win Rate | 58% | 40% | 52% | 68% | 62% | 60% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 33% | |
Max Drawdowns [4] | |||||||
| ESP Max Drawdown | -32% | -10% | 0% | -2% | -16% | -5% | |
| Peers Max Drawdown | -9% | -17% | -8% | -7% | -12% | -3% | |
| S&P 500 Max Drawdown | -1% | -25% | -1% | -2% | -15% | -5% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: LHX, HEI, TDY, CW, ITT. See ESP Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 3/27/2026 (YTD)
How Low Can It Go
| Event | ESP | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -38.2% | -25.4% |
| % Gain to Breakeven | 61.8% | 34.1% |
| Time to Breakeven | 322 days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -27.9% | -33.9% |
| % Gain to Breakeven | 38.6% | 51.3% |
| Time to Breakeven | 1,248 days | 148 days |
| 2018 Correction | ||
| % Loss | -38.0% | -19.8% |
| % Gain to Breakeven | 61.3% | 24.7% |
| Time to Breakeven | 1,796 days | 120 days |
| 2008 Global Financial Crisis | ||
| % Loss | -42.4% | -56.8% |
| % Gain to Breakeven | 73.6% | 131.3% |
| Time to Breakeven | 574 days | 1,480 days |
Compare to LHX, HEI, TDY, CW, ITT
In The Past
Espey Manufacturing & Electronics's stock fell -38.2% during the 2022 Inflation Shock from a high on 2/10/2021. A -38.2% loss requires a 61.8% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About Espey Manufacturing & Electronics (ESP)
Espey Mfg. & Electronics Corp., a power electronics design and original equipment manufacturing company, designs, manufactures, and tests electronic equipment primarily for use in military and industrial applications in the United States and internationally. The company's principal products include power supplies, power converters, filters, power transformers, magnetic components, power distribution equipment, UPS systems, antennas, and high-power radar systems for use in AC and DC locomotives, shipboard power, shipboard radar, airborne power, ground-based radar, and ground mobile power applications. It also provides various services comprising design and development to specification, build to print, design services, design studies, environmental testing services, metal fabrication, painting services, and development of automatic testing equipment. In addition, the company produces individual components, such as inductors, printed circuit boards, wires, and tests items. It serves industrial manufacturers and defense companies, the government of the United States, foreign governments, and foreign electronic equipment companies through its direct sales organization and outside sales representatives. The company was incorporated in 1928 and is based in Saratoga Springs, New York.
AI Analysis | Feedback
Here are a few analogies for Espey Manufacturing & Electronics:
- Like an "Intel Inside" for specialized, rugged power electronics and radar systems used in military and heavy industrial equipment.
- Think of them as a highly specialized, behind-the-scenes engineering firm, akin to a focused L3Harris or Honeywell division, providing critical power components for defense and industrial applications.
AI Analysis | Feedback
- Power Supplies: Devices that convert electrical power to the correct voltage and current for electronic loads.
- Power Converters: Electronic circuits that change electrical energy from one form to another.
- Filters: Components used to remove unwanted frequencies or noise from an electrical signal.
- Power Transformers: Static electrical devices that transfer electrical energy between circuits through electromagnetic induction.
- Magnetic Components: Devices that use magnetic fields for energy storage, conversion, or filtering in electronic circuits.
- Power Distribution Equipment: Apparatus used to manage and distribute electrical power throughout a system.
- UPS Systems: Systems providing emergency power to a load when the input power source fails.
- Antennas: Transducers designed to transmit or receive electromagnetic waves.
- High-Power Radar Systems: Electronic systems that use radio waves to determine the range, angle, or velocity of objects.
- Design and Development to Specification: Custom engineering and creation of electronic equipment based on specific client requirements.
- Build to Print: Manufacturing products according to existing design plans and specifications provided by a client.
- Design Services: Providing expert engineering and conceptualization for electronic and power systems.
- Design Studies: Conducting detailed investigations and analyses to evaluate potential designs and solutions.
- Environmental Testing Services: Assessing product performance and durability under various environmental conditions.
- Metal Fabrication: The process of creating metal structures by cutting, bending, and assembling metal components.
- Painting Services: Applying protective and decorative coatings to manufactured products and components.
- Development of Automatic Testing Equipment: Creating specialized machinery to automate the testing process for electronic components and systems.
AI Analysis | Feedback
Major Customers of Espey Manufacturing & Electronics (ESP)
- Industrial manufacturers
- Defense companies
- The government of the United States
- Foreign governments
- Foreign electronic equipment companies
AI Analysis | Feedback
nullAI Analysis | Feedback
Here is the management team of Espey Manufacturing & Electronics:David O'Neil, President and Chief Executive Officer
David O'Neil assumed the role of President and Chief Executive Officer of Espey Manufacturing & Electronics Corp. on January 1, 2022. He has a long tenure with the company, having previously served as Chief Financial Officer and Treasurer starting in 2000, and as Executive Vice President from 2016. O'Neil also held the position of Interim Chief Executive Officer from June 2014 to January 2015. Before joining Espey, he worked as a Senior Manager at KPMG LLP and is a Certified Public Accountant.
Kaitlyn O'Neil, Principal Financial Officer and Treasurer
Kaitlyn O'Neil was appointed as Espey Manufacturing & Electronics Corp.'s Principal Financial Officer and Treasurer, effective February 15, 2025. She is a Certified Public Accountant with over a decade of financial leadership experience across the service, manufacturing, and consulting sectors. Prior to her role at Espey, O'Neil was the Finance Director at Octo Telematics North America, LLC from September 2021 to January 2025. Her previous experience also includes various finance positions at Precisely Holdings, LLC from April 2017 to September 2021 and a Senior Audit Associate role at KPMG LLP from January 2015 to April 2017.
Alan Winslow, Chief Technical Officer
Alan Winslow serves as the Chief Technical Officer for Espey Manufacturing & Electronics Corp.
Jennifer Michele Pickering, Chief Human Resources Officer & Corporate Secretary
Jennifer Michele Pickering holds the position of Chief Human Resources Officer and Corporate Secretary at Espey Manufacturing & Electronics Corp.
AI Analysis | Feedback
The key risks to Espey Manufacturing & Electronics (ESP) are primarily driven by its significant involvement in the defense sector and the complex nature of electronics manufacturing.- Supply Chain Vulnerabilities and Reliance on Foreign Sources: Espey Manufacturing & Electronics, like many defense electronics manufacturers, faces substantial risks related to its supply chain. The modern defense electronics supply chain is intricate and globalized, involving numerous suppliers and subcontractors, which introduces vulnerabilities such as intellectual property theft, counterfeit components, and disruptions due to geopolitical tensions or natural disasters. There is a dangerous reliance on foreign sources for key raw materials and components, with many being difficult or impossible to source from U.S. suppliers. Counterfeit electronic components pose a widespread challenge in the defense industry, compromising product quality and reliability. The U.S. is also experiencing a growing gap in advanced manufacturing capabilities and a chronic shortage of skilled workers in the defense electronics supply chain, further exacerbating these vulnerabilities.
- Dependence on Defense Spending: A significant portion of Espey's revenue comes from the defense sector, making the company highly susceptible to fluctuations in government defense budgets. There is a risk that defense budget growth might stall or be adjusted in the future, especially if political priorities shift towards other areas like social services over national security. Such changes could directly impact demand for Espey's specialized electronic components and systems.
- Cybersecurity and Hardware Security Threats: As defense systems become increasingly digitized, the integrity of the supply chain and the products themselves face notable cybersecurity threats. Malicious actors, including state-sponsored hackers and cybercriminal organizations, target defense electronics suppliers to gain access to sensitive information, compromise data integrity, or disrupt operations through cyberattacks. Furthermore, hardware security vulnerabilities, including the risk of tampering or interference with critical components, pose additional threats to defense applications.
AI Analysis | Feedback
nullAI Analysis | Feedback
Espey Manufacturing & Electronics (ESP) operates within several addressable markets, primarily focusing on military and industrial applications for its power electronics and electronic equipment. The key markets for its main products and services are substantial on a global scale, with significant segments in North America.
Addressable Markets for Espey Manufacturing & Electronics:
Defense Electronics (encompassing power supplies, converters, filters, transformers, magnetic components, and various electronic equipment for military use):
- The global defense electronics market was valued at approximately USD 150.2 billion in 2022 and is projected to reach USD 254 billion by 2032.
- Another estimate places the global defense electronics market size at USD 176.0 billion in 2024, with a projection to reach USD 278.2 billion by 2033.
- In 2024, the global defense electronics market was valued at USD 175.2 billion and is estimated to grow to USD 302.8 billion by 2034.
- North America is a significant region within this market, with one source indicating a market size of USD 46.36 billion in 2026 and a projection to exceed USD 125 billion by 2034.
Rugged Power Supplies (a specialized segment of power supplies for harsh environments, including military and industrial):
- The global rugged power supply market is currently valued at over USD 4.5 billion and is projected to exceed USD 5 billion by the end of the forecast period.
- Other data suggests the global rugged power supply market was USD 17.608 billion in 2025, expected to increase to USD 26.828 billion by 2032.
- The military and aerospace sectors contribute nearly 30% of the total demand for rugged power supplies, with the military sector alone accounting for 39.09% of market revenue in 2022.
- North America is noted as holding a dominant position in the global rugged power supply market.
Military Radar Systems (high-power radar systems):
- The global military radar market was valued at USD 17.5 billion in 2025 and is estimated to reach USD 24.1 billion by 2034.
- Another assessment indicates the global military radar market was USD 14.8 billion in 2024 and is projected to reach USD 25.1 billion by 2034.
- North America is a leading region in the military radar market, holding over 30.4% market share in 2025. In 2024, North America dominated with a 39.5% revenue share.
Military Antennas:
- The global military antenna market was valued at USD 4.3 billion in 2024 and is expected to reach approximately USD 7.1 billion by 2034.
- Another report estimates the global military antenna market size at USD 4.33 billion in 2024, projected to reach USD 7.56 billion by 2033.
- North America dominated the global military antenna market with the largest revenue share of 42.6% in 2024. The U.S. military antenna market alone was worth over USD 1.3 billion in 2024.
Industrial UPS Systems:
- The global industrial UPS market is expected to be worth around USD 6.6 billion in 2024, with a projection to reach USD 12.2 billion by 2034.
- North America dominates the global industrial UPS market with a market share of 42.3%, valued at USD 2.7 billion in 2024.
- The European Industrial UPS Systems Market is projected to grow from USD 12.6 billion in 2025 to USD 21.4 billion by 2032.
Broader Power Electronics Market (includes power supplies, converters, filters, transformers, magnetic components):
- The global power electronics market size is projected to grow from USD 29.64 billion in 2022 to USD 47.37 billion by 2032.
- Another report indicates the global power electronics market was valued at USD 45.33 billion in 2024 and is projected to grow to USD 102.49 billion by 2032.
- The industrial segment held the largest market share in the power electronics market in 2022 due to the widespread use of power electronics devices in industrial applications.
Industrial Electronics Market (encompassing various electronic components and systems for industrial use, relevant to Espey's services like metal fabrication and automatic testing equipment development):
- The global industrial electronics market is estimated to be valued at approximately USD 237.73 billion in 2026 and is projected to reach USD 340.58 billion by 2035.
AI Analysis | Feedback
Espey Manufacturing & Electronics (ESP) is anticipated to experience future revenue growth over the next 2-3 years, primarily driven by several key factors:
- Growth in Order Backlog and New Contract Wins: A significant driver of future revenue for Espey is its expanding order backlog. The company's order backlog surged to a record $139.7 million at the end of 2025, representing a 43.74% year-over-year increase. New orders for the fiscal year 2025 also saw a substantial rise of 64.89%, reaching $86.4 million. This robust increase in secured orders and new contracts directly translates to future revenue generation.
- Increased Defense Spending and Military Modernization Efforts: Espey Manufacturing & Electronics primarily serves military and industrial applications, a sector currently experiencing heightened demand due to global geopolitical tensions and expanding defense budgets. Analysts highlight the positive impact of U.S. military modernization initiatives, such as the Navy's push for advanced power systems and a broader rearmament wave. The projected 13% growth in the proposed FY26 National Defense Budget, exceeding $1 trillion, is expected to benefit niche players like Espey.
- Sustained Demand for Niche, High-Reliability Power Electronics: The company's specialization in designing and manufacturing custom, rugged power electronics components for defense and aerospace applications positions it favorably within a market with consistent and critical needs. Espey's expertise in this niche market, including products like power supplies, converters, and high-power radar systems, allows it to achieve growth rates that can exceed the broader market.
AI Analysis | Feedback
Share Repurchases
- As of June 30, 2025, management is authorized to purchase an additional $783,460 of Company stock.
- The Company did not repurchase any shares held by the ESOP during the fiscal years ended June 30, 2025, 2024, and 2023.
Share Issuance
- During fiscal year 2024, the Company did not sell any of its common stock.
Inbound Investments
- Espey was awarded $3.4 million in funding in March 2025 for capital equipment and facility upgrades as part of a U.S. Navy initiative.
- The Company received an additional $7.4 million in February 2023 for the construction of a new manufacturing facility and power infrastructure enhancements.
- A one-time Capital Investment Grant of $300,000 was received in fiscal 2025 related to the completion of a new building.
Capital Expenditures
- Capital expenditures were -$5.43 million in the last 12 months as of October 2025.
- Year-to-date capital expenditures through the first nine months of FY2025 were $2.5 million, a decrease from $4.5 million in the prior year's comparable period.
- The company anticipated spending the remaining $2.3 million from a funding award in fiscal 2025, for property, plant, and equipment.
Latest Trefis Analyses
| Title | |
|---|---|
| ARTICLES |
Trade Ideas
Select ideas related to ESP.
| Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
|---|---|---|---|---|---|---|---|
| 02272026 | EFX | Equifax | Monopoly | MY | Getting CheaperMonopoly-Like with P/S DeclineLarge cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple | 0.0% | 0.0% | 0.0% |
| 02202026 | LZ | LegalZoom.com | Dip Buy | DB | CFO/Rev | Low D/EDip Buy with High Cash Flow MarginsBuying dips for companies with significant cash flows from operations and reasonable debt / market cap | 7.2% | 7.2% | -5.0% |
| 02132026 | ADP | Automatic Data Processing | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | 1.1% | 1.1% | -3.0% |
| 02132026 | TREX | Trex | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | -3.2% | -3.2% | -5.9% |
| 02132026 | PCTY | Paylocity | Dip Buy | DB | CFO/Rev | Low D/EDip Buy with High Cash Flow MarginsBuying dips for companies with significant cash flows from operations and reasonable debt / market cap | -0.6% | -0.6% | -4.8% |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 308.19 |
| Mkt Cap | 26.1 |
| Rev LTM | 4,286 |
| Op Inc LTM | 868 |
| FCF LTM | 697 |
| FCF 3Y Avg | 569 |
| CFO LTM | 789 |
| CFO 3Y Avg | 654 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 8.2% |
| Rev Chg 3Y Avg | 9.2% |
| Rev Chg Q | 10.4% |
| QoQ Delta Rev Chg LTM | 2.6% |
| Op Mgn LTM | 18.5% |
| Op Mgn 3Y Avg | 17.6% |
| QoQ Delta Op Mgn LTM | -0.0% |
| CFO/Rev LTM | 18.9% |
| CFO/Rev 3Y Avg | 17.5% |
| FCF/Rev LTM | 16.7% |
| FCF/Rev 3Y Avg | 15.8% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 26.1 |
| P/S | 4.2 |
| P/EBIT | 24.7 |
| P/E | 35.5 |
| P/CFO | 22.6 |
| Total Yield | 3.6% |
| Dividend Yield | 0.4% |
| FCF Yield 3Y Avg | 4.2% |
| D/E | 0.1 |
| Net D/E | 0.0 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | -7.3% |
| 3M Rtn | 15.3% |
| 6M Rtn | 11.3% |
| 12M Rtn | 56.3% |
| 3Y Rtn | 106.1% |
| 1M Excs Rtn | 0.4% |
| 3M Excs Rtn | 22.9% |
| 6M Excs Rtn | 16.2% |
| 12M Excs Rtn | 38.3% |
| 3Y Excs Rtn | 48.9% |
Price Behavior
Price Behavior
| Market Price | $56.22 | |
| Market Cap ($ Bil) | 0.2 | |
| First Trading Date | 03/17/1992 | |
| Distance from 52W High | -8.9% | |
| 50 Days | 200 Days | |
| DMA Price | $55.82 | $45.72 |
| DMA Trend | up | up |
| Distance from DMA | 0.7% | 23.0% |
| 3M | 1YR | |
| Volatility | 62.3% | 52.6% |
| Downside Capture | 0.09 | 0.52 |
| Upside Capture | 161.97 | 141.24 |
| Correlation (SPY) | 14.8% | 20.0% |
ESP Betas & Captures as of 2/28/2026
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 1.21 | 1.03 | 1.19 | 0.75 | 0.53 | 0.56 |
| Up Beta | -4.04 | -2.22 | -2.12 | -1.30 | 0.31 | 0.44 |
| Down Beta | 1.82 | 2.23 | 1.78 | 0.59 | 0.21 | 0.20 |
| Up Capture | 354% | 263% | 367% | 188% | 173% | 93% |
| Bmk +ve Days | 9 | 20 | 31 | 70 | 142 | 431 |
| Stock +ve Days | 12 | 26 | 40 | 72 | 142 | 387 |
| Down Capture | 167% | 36% | 55% | 115% | 77% | 87% |
| Bmk -ve Days | 12 | 21 | 30 | 54 | 109 | 320 |
| Stock -ve Days | 9 | 15 | 21 | 51 | 106 | 350 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with ESP | |
|---|---|---|---|---|
| ESP | 118.0% | 52.3% | 1.67 | - |
| Sector ETF (XLI) | 20.5% | 19.2% | 0.84 | 23.5% |
| Equity (SPY) | 14.5% | 18.9% | 0.59 | 19.8% |
| Gold (GLD) | 50.2% | 27.7% | 1.46 | 14.9% |
| Commodities (DBC) | 17.8% | 17.6% | 0.85 | 9.4% |
| Real Estate (VNQ) | 0.4% | 16.4% | -0.15 | 20.6% |
| Bitcoin (BTCUSD) | -23.7% | 44.2% | -0.49 | 8.8% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with ESP | |
|---|---|---|---|---|
| ESP | 30.1% | 42.1% | 0.77 | - |
| Sector ETF (XLI) | 12.3% | 17.2% | 0.56 | 16.9% |
| Equity (SPY) | 11.8% | 17.0% | 0.54 | 13.7% |
| Gold (GLD) | 20.7% | 17.7% | 0.96 | 6.9% |
| Commodities (DBC) | 11.6% | 18.9% | 0.50 | 5.3% |
| Real Estate (VNQ) | 3.0% | 18.8% | 0.07 | 11.5% |
| Bitcoin (BTCUSD) | 4.0% | 56.6% | 0.29 | 3.7% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with ESP | |
|---|---|---|---|---|
| ESP | 12.1% | 37.5% | 0.42 | - |
| Sector ETF (XLI) | 13.0% | 19.8% | 0.58 | 18.3% |
| Equity (SPY) | 14.0% | 17.9% | 0.67 | 17.4% |
| Gold (GLD) | 13.3% | 15.8% | 0.70 | 3.0% |
| Commodities (DBC) | 8.2% | 17.6% | 0.39 | 7.1% |
| Real Estate (VNQ) | 4.7% | 20.7% | 0.19 | 15.4% |
| Bitcoin (BTCUSD) | 66.4% | 66.8% | 1.06 | 6.3% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| SUMMARY STATS | |||
| # Positive | 0 | 0 | 0 |
| # Negative | 0 | 0 | 0 |
| Median Positive | |||
| Median Negative | |||
| Max Positive | |||
| Max Negative | |||
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 12/31/2025 | 02/10/2026 | 10-Q |
| 09/30/2025 | 11/12/2025 | 10-Q |
| 06/30/2025 | 09/16/2025 | 10-K |
| 03/31/2025 | 05/12/2025 | 10-Q |
| 12/31/2024 | 02/12/2025 | 10-Q |
| 09/30/2024 | 11/13/2024 | 10-Q |
| 06/30/2024 | 09/27/2024 | 10-K |
| 03/31/2024 | 05/13/2024 | 10-Q |
| 12/31/2023 | 02/12/2024 | 10-Q |
| 09/30/2023 | 11/13/2023 | 10-Q |
| 06/30/2023 | 09/21/2023 | 10-K |
| 03/31/2023 | 05/15/2023 | 10-Q |
| 12/31/2022 | 02/13/2023 | 10-Q |
| 09/30/2022 | 11/10/2022 | 10-Q |
| 06/30/2022 | 09/22/2022 | 10-K |
| 03/31/2022 | 05/16/2022 | 10-Q |
Insider Activity
Expand for More| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Oneil, David A | President & CEO | Direct | Sell | 12292025 | 46.78 | 1,000 | 46,780 | 862,202 | Form |
| 2 | Oneil, David A | President & CEO | Direct | Sell | 12292025 | 45.76 | 1,000 | 45,760 | 797,643 | Form |
| 3 | Oneil, David A | President & CEO | Direct | Sell | 12192025 | 43.50 | 1,000 | 43,500 | 888,748 | Form |
| 4 | Oneil, David A | President & CEO | Direct | Sell | 12192025 | 44.00 | 1,000 | 44,000 | 854,964 | Form |
| 5 | Helmetag, Carl | Direct | Sell | 12162025 | 44.99 | 1,000 | 44,990 | 925,399 | Form |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
Prefer one of these to Trefis? Tell us why.