Tearsheet

CleanCore Solutions (ZONE)


Market Price (5/24/2026): $0.8058 | Market Cap: $6.4 Mil
Sector: Industrials | Industry: Environmental & Facilities Services

CleanCore Solutions (ZONE)


Market Price (5/24/2026): $0.8058
Market Cap: $6.4 Mil
Sector: Industrials
Industry: Environmental & Facilities Services

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0

Megatrend and thematic drivers
Megatrends include Sustainable Consumption, Sustainable Resource Management, and Sustainable & Green Buildings. Themes include Eco-friendly Products, Show more.

Weak multi-year price returns
2Y Excs Rtn is -116%, 3Y Excs Rtn is -157%

Penny stock
Mkt Price is 0.8

Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -4.9 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -178%

Stock price has recently run up significantly
6M Rtn6 month market price return is 158%

Significant share based compensation
SBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 150%

Not cash flow generative
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -5.5%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -5.5%

Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -83%

High stock price volatility
Vol 12M is 147%

Significant short interest
Short Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 70%

Key risks
ZONE key risks include [1] extreme volatility from its Dogecoin treasury strategy, Show more.

0 Megatrend and thematic drivers
Megatrends include Sustainable Consumption, Sustainable Resource Management, and Sustainable & Green Buildings. Themes include Eco-friendly Products, Show more.
1 Weak multi-year price returns
2Y Excs Rtn is -116%, 3Y Excs Rtn is -157%
2 Penny stock
Mkt Price is 0.8
3 Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -4.9 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -178%
4 Stock price has recently run up significantly
6M Rtn6 month market price return is 158%
5 Significant share based compensation
SBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 150%
6 Not cash flow generative
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -5.5%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -5.5%
7 Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -83%
8 High stock price volatility
Vol 12M is 147%
9 Significant short interest
Short Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 70%
10 Key risks
ZONE key risks include [1] extreme volatility from its Dogecoin treasury strategy, Show more.

Valuation, Metrics & Events

Price Chart

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

CleanCore Solutions (ZONE) stock has gained about 125% since 1/31/2026 because of the following key factors:

1. Establishment of Dogecoin Treasury Strategy: CleanCore Solutions significantly shifted its strategic focus by establishing the world's first Dogecoin Treasury, a move funded by a US$175 million private placement announced in November 2025. This strategy aimed to acquire up to 5% of Dogecoin's circulating supply and expand its real-world utility, which generated substantial investor interest and drove the stock's momentum into the specified period. As of November 12, 2025, the company held over 733.1 million Dogecoin as part of this treasury.

2. Reinforcement of Digital Asset Leadership: In conjunction with its new Dogecoin strategy, CleanCore Solutions appointed a new Chief Investment Officer and two new Board members in November 2025 specifically to lead its digital asset initiatives. This move demonstrated a clear commitment to the new strategic direction, likely bolstering investor confidence in the company's ability to execute its Dogecoin treasury strategy effectively and contributing to the stock's upward trend.

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Stock Movement Drivers

Fundamental Drivers

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Market Drivers

1/31/2026 to 5/23/2026
ReturnCorrelation
ZONE124.9% 
Market (SPY)8.1%26.3%
Sector (XLI)4.1%10.7%

Fundamental Drivers

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Market Drivers

10/31/2025 to 5/23/2026
ReturnCorrelation
ZONE-25.7% 
Market (SPY)9.9%20.1%
Sector (XLI)11.5%14.3%

Fundamental Drivers

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Market Drivers

4/30/2025 to 5/23/2026
ReturnCorrelation
ZONE-42.2% 
Market (SPY)36.0%18.6%
Sector (XLI)32.7%12.7%

Fundamental Drivers

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Market Drivers

4/30/2023 to 5/23/2026
ReturnCorrelation
ZONE  
Market (SPY)86.3%13.1%
Sector (XLI)79.6%11.1%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
ZONE Return----63%-80%200%-78%
Peers Return17%-17%25%11%-13%2%20%
S&P 500 Return27%-19%24%23%16%9%98%

Monthly Win Rates [3]
ZONE Win Rate---11%50%60% 
Peers Win Rate53%42%55%53%38%52% 
S&P 500 Win Rate75%42%67%75%67%60% 

Max Drawdowns [4]
ZONE Max Drawdown-----97%-45% 
Peers Max Drawdown-15%-32%-21%-19%-28%-23% 
S&P 500 Max Drawdown-5%-25%-10%-8%-19%-9% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: ECL, TNC, CLX, KMB, CSL.
[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 5/22/2026 (YTD)

How Low Can It Go

EventZONES&P 500
2025 US Tariff Shock
  % Loss-17.5%-18.8%
  % Gain to Breakeven21.2%23.1%
  Time to Breakeven17 days79 days
2024 Yen Carry Trade Unwind
  % Loss-18.5%-7.8%
  % Gain to Breakeven22.8%8.5%
  Time to Breakeven92 days18 days

Compare to ECL, TNC, CLX, KMB, CSL

In The Past

CleanCore Solutions's stock fell -17.5% during the 2025 US Tariff Shock. Such a loss loss requires a 21.2% 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.

Event

Compare to ECL, TNC, CLX, KMB, CSL

In The Past

CleanCore Solutions's stock fell -17.5% during the 2025 US Tariff Shock. Such a loss loss requires a 21.2% 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 CleanCore Solutions (ZONE)

We specialize in the development and manufacturing of cleaning products that produce pure aqueous ozone for professional, industrial, or home use. We have a patented nanobubble technology using aqueous ozone that we believe is highly effective in cleaning, sanitizing, and deodorizing surfaces and high-touch areas. Our mission is to become a leader in creating safe, clean spaces that are free from any chemical residue or skin irritants. We are currently expanding our distributor network, improving our manufacturing processes, and proving the effectiveness of our products in restaurants, airports, and hotels. As noted by the U.S. Environmental Protection Agency, or the EPA (“Wastewater Technology Fact Sheet: Ozone Disinfection,” September 1999), ozone has been used in water treatment facilities to remove pathogens from water for decades. However, ozone was not safe for traditional cleaning because the gas alone can be harmful when inhaled. In recent years, ozone has been found to become a powerful cleaning solution if infused into tap water, which then creates a solution called aqueous ozone. Once the ozone is added into the water, the resulting solution is safe to handle, yet continues to hold the effective cleaning and oxidizing components of ozone. Our product offerings utilize a patented technology that we believe produces an enhanced aqueous ozone solution that requires no additives, filters, or advanced chemicals. We believe that we are the only company that has an aqueous ozone solution that is produced in the form of nanobubbles. In a critical review from Environmental Science Nano (“Disinfection applications of ozone micro- and nanobubbles,” November 2, 2021) authors Petroula Seridou and Nicolas Kalogerakis explain that since its discovery in the 1990’s, nanobubbles have been used to remove pollutants in many industries, including biopharma and food processing. Nanobubbles are the nanometer-sized (one billionth of a meter) gaseous cavities in a liquid solution. The common micro sized bubbles have larger diameters which causes them to rise quickly to the surface of an aqueous solution as compared to the smaller bubbles. --- Since nanobubbles have no natural buoyancy, they remain underwater, where each tiny, negatively charged bubble is attracted to positively charged pollutants and harmful toxins. In the article, Seridou and Kalogerakis write about how this union causes the nanobubbles to release ozone which extinguishes pathogens and slowly breaks down the cell walls of mold, germs, and other residues. Further, a smaller size of nanobubbles is also more effective as it has a higher density of ozone and is able to provide a more thorough surface coverage, which destroys a higher number of contaminants. Our pure aqueous ozone product is a natural cleaner, sanitizer, and deodorizer produced through the infusion of ozone into water using electricity. The use of this ozone solution has been proven effective in eliminating germs, viruses, bacteria, allergens, and molds; and it performs better than bleach according to a research report published by PLoS One (“The microbial killing capacity of aqueous and gaseous ozone on different surfaces contaminated with dairy cattle manure,” May 14, 2018). Aqueous ozone technology has been tested and previously destroyed pathogens including E. Coli, Staphylococcus, Listeria, and Salmonella as described in Catalyst journal (“Ozone and Photocatalytic Processes for Pathogens Removal from Water: A Review,” January 5, 2019). The solution cleans hard surfaces, floors, carpets, upholstery, and food contact surfaces. In addition, in an independent case study at Cape Coral Hospital in Florida, the aqueous ozone solution worked to significantly deodorize smells. The same internal case study notes that the aqueous ozone does not mask smells, but instead destroys the bacterium causing the smell. Our aqueous ozone solution is referred to as “pure” because of its ability to keep high concentration of ozone in the solution without needing to use a stabilizer or additive. Depending on the product, the pure aqueous ozone solution contains between 0.5 to 1.5 parts per million, or ppm, of ozone for professional cleaning and up to 20 ppm of ozone for industrial cleaning. At these levels, we believe the concentration of ozone within the solution is strong enough to effectively clean and deodorize better than bleach. --- We were incorporated in the State of Nevada on August 23, 2022 under the name CC Acquisition Corp. for the sole purpose of acquiring substantially all of the assets of CleanCore Solutions, LLC, a Delaware limited liability company, or CleanCore LLC, TetraClean Systems, LLC, a Delaware limited liability company, or TetraClean, and Food Safety Technology L.L.C., a Delaware limited liability company, or Food Safety. On November 21, 2022, we changed our name from CC Acquisition Corp. to CleanCore Solutions, Inc. On October 17, 2022, we entered into an asset purchase agreement with CleanCore LLC, TetraClean, Food Safety and Burlington Capital, LLC, the majority owner of these entities, pursuant to which we acquired substantially all of the assets of CleanCore LLC, TetraClean and Food Safety. The predecessor of CleanCore LLC was CleanCore Technologies, LLC, which was formed in 2014 and was wholly owned by Center Ridge Holdings, LLC. CleanCore LLC was formed in 2019 by Burlington Solutions, LLC and Walker Water, LLC d/b/a O-Z Tech. In 2019, prior to the formation of CleanCore LLC, Center Ridge Holdings, LLC transferred substantially all of the assets of CleanCore Technologies, LLC to Burlington Solutions, LLC, which then transferred such assets to CleanCore LLC. TetraClean and Food Safety were created to focus on industrial and food safety, respectively. CleanCore LLC, TetraClean, and Food Safety were all under majority control by Burlington Solutions, LLC prior to the acquisition by CC Acquisition Corp. All discussions in this prospectus regarding our business prior to the acquisition reflect the combined business of CleanCore LLC, TetraClean, and Food Safety, our predecessor companies. Prior to the acquisition, we had no operations other than operations relating to our incorporation and organization. We do not have any subsidiaries. Our principal executive offices are located at 5920 South 118th Circle, Suite 2, Omaha, NE.

AI Analysis | Feedback

Here are 1-3 brief analogies for CleanCore Solutions:
  • CleanCore Solutions is like the Dyson for chemical-free cleaning technology.
  • CleanCore Solutions is like SodaStream for powerful, on-demand cleaning solutions.

AI Analysis | Feedback

  • Aqueous Ozone Generation Systems: These are cleaning products that utilize patented nanobubble technology to produce pure aqueous ozone for effective cleaning, sanitizing, and deodorizing across professional, industrial, and home applications.

AI Analysis | Feedback

CleanCore Solutions (ZONE) primarily sells its products to other companies across various sectors, although it also mentions applications for home use. The company's focus, as evidenced by its predecessor companies and product descriptions, is heavily geared towards professional and industrial applications. However, the provided text does not list specific names of customer companies. Instead, it details the *categories* of businesses that utilize or are targeted for their products. Based on the provided information, CleanCore Solutions' major customers (or end-users of its products) fall into the following categories: * **Professional/Commercial Establishments:** This category includes businesses such as restaurants, airports, and hotels. These entities use CleanCore Solutions' aqueous ozone products for general cleaning, sanitizing surfaces and high-touch areas, and deodorizing. * **Industrial Sector:** Companies operating in various industrial environments that require effective cleaning, sanitizing, and deodorizing solutions. * **Food Safety Sector:** Businesses involved in food processing, preparation, and service. These customers utilize the aqueous ozone solution for critical pathogen removal and sanitization of food contact surfaces, leveraging the technology developed by entities like Food Safety Technology L.L.C. There is also mention of "home use," indicating a market for individual consumers, but the emphasis in the background information points to the commercial and industrial sectors as the primary focus areas.

AI Analysis | Feedback

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AI Analysis | Feedback

Clayton Adams, Chief Executive Officer
Clayton Adams is an accomplished entrepreneur with extensive experience in hypergrowth technology and recurring revenue business models. He has a successful track record of helping companies maximize valuations and streamline operations. Mr. Adams has served as Chief Executive Officer since June 2024, and previously as President and a member of the board of directors of CleanCore since September 2022. Since January 2020, he has served as Principal at Bird Dog Capital LLC, where he leads various investments. Mr. Adams gained experience developing the growth of small companies as Chief Executive Officer of Carson Enterprises, Inc. from March 2009 to February 2019, where he expanded the company and successfully sold it in February 2019.

David Enholm, Chief Financial Officer
Mr. Enholm has served as Chief Financial Officer since March 2023. He is a senior executive with over 35 years of experience in finance, including budgeting, forecasting, treasury and cash flow operations, revenue development, acquisitions and dispositions, and company restructuring. Most recently, Mr. Enholm worked with Monroe Capital, a private equity firm, as Chief Financial Officer for two companies owned by Monroe. From March 2020 to September 2022, Mr. Enholm served as the Chief Financial Officer at Nelbud Services, where he led two acquisitions. From October 2018 to August 2021, he was the Chief Financial Officer at Complete Nutrition, a private company, where he developed a restructuring plan to transition the company from a traditional physical store to an e-commerce retailer. Both Nelbud Services and Complete Nutrition were wholly owned by Monroe Capital.

Travis Buchanan, President
Mr. Buchanan was appointed President on January 1, 2025. He is an experienced executive with a strong background in acquisitions, scaling businesses, technology design and deployment, and manufacturing operations. Throughout his career, he has worked with diverse organizations, including startups, small businesses, and publicly traded companies. Most recently, Mr. Buchanan served as Chief Operating Officer at Poplar Homes, where he established the M&A function, expanded the portfolio over 10 times, and secured $53 million in Series B financing. Prior to that, he served as Senior Vice President of Business Initiatives at American Homes 4 Rent. His entrepreneurial ventures include co-founding a custom apparel company and advising ScanCafe.

Gary Hollst, Chief Revenue Officer
Mr. Hollst has served as Executive Vice President since April 2019, and is currently the Chief Revenue Officer. He has an extensive background in the janitorial, sanitation, and refrigeration industry. Since 2015, Mr. Hollst has also served as the President of O-Z Tech, an ice machine and laundry cleaning company based out of Omaha, Nebraska, that specializes in the usage of aqueous ozone water.

AI Analysis | Feedback

Key Business Risks for CleanCore Solutions (ZONE)

  1. Market Adoption and Competition with Conventional Chemical Cleaners: CleanCore Solutions' core offering of pure aqueous ozone, while touted for its effectiveness and safety, represents a departure from traditional chemical cleaning solutions. The company is actively "expanding our distributor network" and "proving the effectiveness of our products", which indicates an ongoing need to educate the market and convince customers to adopt a newer technology over established, often lower-cost, chemical alternatives. Successfully displacing conventional cleaning products and achieving broad market acceptance against competitors with entrenched market positions and distribution channels poses a significant challenge.
  2. Reliance on Patented Nanobubble Technology and Intellectual Property Protection: CleanCore Solutions states that it "believe[s] that we are the only company that has an aqueous ozone solution that is produced in the form of nanobubbles", highlighting this patented technology as a critical differentiator. The business's competitive advantage is heavily reliant on the continued uniqueness and protection of this intellectual property. Risks include potential challenges to the validity of their patents, the expiration of key patents, or the development of similar or superior non-infringing technologies by competitors, all of which could erode their market position and competitive edge.
  3. Challenges in Scaling Manufacturing and Expanding Distribution: The company explicitly notes that it is "improving our manufacturing processes" and "expanding our distributor network". These ongoing efforts suggest potential operational risks. Difficulties in efficiently scaling manufacturing could lead to production bottlenecks, increased costs, or an inability to meet growing demand. Similarly, if the expansion of the distributor network is slow or ineffective, it could significantly limit the company's market reach, hinder sales growth, and impede its mission to become a leader in the industry.

AI Analysis | Feedback

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AI Analysis | Feedback

CleanCore Solutions (symbol: ZONE) addresses several significant markets with its pure aqueous ozone cleaning, sanitizing, and deodorizing products, which leverage patented nanobubble technology. The company's offerings are positioned as chemical-free, environmentally friendly alternatives for professional, industrial, and home use, as well as for food safety applications. The addressable markets for CleanCore Solutions' main products and services, along with their estimated global sizes, are as follows: * **Global Professional Cleaning Products Market:** This market was valued at approximately USD 55.8 billion in 2024. Within this, the surface cleansers and disinfectants segment held a 29% share in 2024, equating to approximately USD 16.18 billion. * **Global Industrial Cleaning Products Market:** This market was valued at approximately USD 49.16 billion in 2024. * **Global Household Cleaning Products Market:** This market was valued at approximately USD 270.69 billion in 2024. * **Global Food Safety Monitoring System Market:** This market was estimated at USD 24.73 billion in 2024. * **Global Green Cleaning Products Market:** This market was valued at approximately USD 37.56 billion in 2024. * **Global Aqueous Cleaning Agent Market:** This market was valued at approximately USD 1.8 billion in 2024. * **Global Disinfectant Market:** The disinfectant market revenue was approximately USD 11.5 billion in 2024.

AI Analysis | Feedback

CleanCore Solutions (ZONE) is positioned for future revenue growth over the next 2-3 years through several key drivers related to the increasing adoption and market expansion of its patented aqueous ozone cleaning technology. Here are the expected drivers of future revenue growth: * Expanding Customer Base and Distributor Network: CleanCore Solutions is actively growing its customer base and distributor network, reflecting an accelerating adoption of its aqueous ozone cleaning systems. The company has also expanded its customer pilot programs, indicating a focus on acquiring new clients and increasing demand from existing ones. * Expansion into New Geographical Markets: The acquisition of Sanzonate Europe Ltd. significantly enhances CleanCore's presence in Europe and is expected to contribute to near-term revenue growth by providing access to a multi-million-dollar sales pipeline and advancing its international expansion strategy. * Increased Market Demand for Chemical-Free Solutions: CleanCore Solutions anticipates increased market demand driven by a regulatory environment favoring chemical-free alternatives, such as the U.S. Environmental Protection Agency's ban on certain carcinogenic chemicals. This positions the company's products as a compliant and attractive alternative as schools, hospitals, airports, and logistics hubs shift away from harsh chemicals. * Securing Large Purchase Orders and Government Contracts: The company has demonstrated its ability to secure significant purchase orders from major U.S. customers, with portions of these orders carrying over into subsequent fiscal quarters, providing near-term revenue visibility. Additionally, CleanCore was awarded a General Services Administration (GSA) Multiple Award Schedule contract, which streamlines its access to federal, state, and local government buyers and significantly expands its addressable market.

AI Analysis | Feedback

Outbound Investments

  • On October 17, 2022, CleanCore Solutions (then CC Acquisition Corp.) acquired substantially all of the assets of CleanCore Solutions, LLC, TetraClean Systems, LLC, and Food Safety Technology L.L.C.
  • This acquisition consolidated businesses focused on developing and manufacturing cleaning products that produce pure aqueous ozone for professional, industrial, or home use, utilizing patented nanobubble technology.

Trade Ideas

Select ideas related to ZONE.

Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
GEO_4302026_Dip_Buyer_ValueBuy04302026GEOGEODip BuyDB | P/E OPMDip Buy with Low PE and High Margin
Buying dips for companies with tame PE and meaningfully high operating margin
0.0%0.0%0.0%
RUN_4302026_Short_Squeeze04302026RUNSunrunSpecialShort Squeeze PotentialShort Squeeze Potential
Has potential for a short squeeze. High short interest, rising short interest and high debt.
0.0%0.0%0.0%
RSG_4172026_Monopoly_xInd_xCD_Getting_Cheaper04172026RSGRepublic ServicesMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple
0.8%0.8%-1.1%
VRSK_4102026_Dip_Buyer_FCFYield04102026VRSKVerisk AnalyticsDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
12.3%12.3%0.0%
UHAL_4102026_Monopoly_xInd_xCD_Getting_Cheaper04102026UHALU-HaulMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple
0.3%0.3%-1.0%

Recent Active Movers

Peer Comparisons

Peers to compare with:

Financials

ZONEECLTNCCLXKMBCSLMedian
NameCleanCor.Ecolab Tennant Clorox Kimberly.Carlisle. 
Mkt Price0.81253.3283.8795.1199.14333.8097.12
Mkt Cap0.071.41.511.532.913.612.6
Rev LTM316,4521,2116,76016,5564,9765,868
Op Inc LTM-52,976541,0602,4739991,030
FCF LTM-01,870163801,837925652
FCF 3Y Avg-1,811725842,279921921
CFO LTM-03,029345763,1951,055816
CFO 3Y Avg-2,809947963,2281,0461,046

Growth & Margins

ZONEECLTNCCLXKMBCSLMedian
NameCleanCor.Ecolab Tennant Clorox Kimberly.Carlisle. 
Rev Chg LTM-4.9%-4.3%-3.7%0.1%-0.5%-0.5%
Rev Chg 3Y Avg-4.3%2.2%-1.9%-6.3%-2.0%-1.9%
Rev Chg Q-10.0%2.7%0.1%2.7%-4.0%2.7%
QoQ Delta Rev Chg LTM-2.3%0.7%0.0%0.7%-0.9%0.7%
Op Inc Chg LTM-12.2%-44.4%-0.7%-8.8%-9.3%-8.8%
Op Inc Chg 3Y Avg-18.4%-14.0%17.0%-3.7%-1.7%-1.7%
Op Mgn LTM-178.3%18.1%4.4%15.7%14.9%20.1%15.3%
Op Mgn 3Y Avg-16.6%7.8%13.4%15.6%21.6%15.6%
QoQ Delta Op Mgn LTM-0.1%-1.3%0.7%0.6%0.1%0.1%
CFO/Rev LTM-5.5%18.4%2.8%8.5%19.3%21.2%13.5%
CFO/Rev 3Y Avg-17.7%7.5%11.3%19.3%21.3%17.7%
FCF/Rev LTM-5.5%11.4%1.3%5.6%11.1%18.6%8.4%
FCF/Rev 3Y Avg-11.4%5.8%8.3%13.6%18.8%11.4%

Valuation

ZONEECLTNCCLXKMBCSLMedian
NameCleanCor.Ecolab Tennant Clorox Kimberly.Carlisle. 
Mkt Cap0.071.41.511.532.913.612.6
P/S2.44.31.21.72.02.72.2
P/Op Inc-1.324.027.510.913.313.613.5
P/EBIT-1.324.628.510.613.513.213.4
P/E-1.333.947.715.315.518.817.2
P/CFO-42.523.643.120.010.312.916.5
Total Yield-79.3%4.0%3.6%9.2%11.5%6.7%5.3%
Dividend Yield0.0%1.1%1.5%2.6%5.1%1.3%1.4%
FCF Yield 3Y Avg-2.6%3.9%3.5%5.6%5.9%3.9%
D/E0.00.10.30.40.20.20.2
Net D/E0.00.10.20.30.20.20.2

Returns

ZONEECLTNCCLXKMBCSLMedian
NameCleanCor.Ecolab Tennant Clorox Kimberly.Carlisle. 
1M Rtn169.5%-6.7%4.6%-2.6%1.2%-7.9%-0.7%
3M Rtn206.9%-16.5%1.1%-22.1%-7.9%-18.1%-12.2%
6M Rtn157.9%-4.6%18.0%-6.3%-3.4%8.6%2.6%
12M Rtn-52.1%-2.0%17.4%-24.1%-26.8%-12.6%-18.3%
3Y Rtn-76.9%55.9%15.2%-33.5%-19.1%63.5%-2.0%
1M Excs Rtn164.4%-11.8%-0.5%-7.7%-3.9%-13.1%-5.8%
3M Excs Rtn160.2%-26.2%-6.9%-33.3%-18.5%-25.7%-22.1%
6M Excs Rtn108.7%-15.1%10.2%-13.6%-13.3%-2.0%-7.6%
12M Excs Rtn-77.6%-29.8%-12.4%-52.5%-54.5%-41.0%-46.7%
3Y Excs Rtn-156.6%-29.9%-67.6%-116.1%-102.8%-15.7%-85.2%

Comparison Analyses

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Financials

Price Behavior

Price Behavior
Market Price$0.81 
Market Cap ($ Bil)0.0 
First Trading Date04/26/2024 
Distance from 52W High-88.2% 
   50 Days200 Days
DMA Price$0.40$1.16
DMA Trenddownup
Distance from DMA104.4%-30.2%
 3M1YR
Volatility97.4%148.0%
Downside Capture-97.53269.27
Upside Capture347.5699.35
Correlation (SPY)11.6%15.7%
ZONE Betas & Captures as of 4/30/2026

 1M2M3M6M1Y3Y
Beta0.620.411.681.842.10-0.23
Up Beta0.560.971.971.462.04-0.50
Down Beta12.711.211.383.593.800.50
Up Capture-86%-39%97%-38%21%6%
Bmk +ve Days15223166141428
Stock +ve Days9213056113224
Down Capture469%48%212%215%184%108%
Bmk -ve Days4183056108321
Stock -ve Days13223469134265

[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 ZONE
ZONE-47.8%147.9%0.33-
Sector ETF (XLI)23.3%15.4%1.1610.0%
Equity (SPY)29.5%12.0%1.8615.6%
Gold (GLD)35.5%26.8%1.11-4.1%
Commodities (DBC)42.9%18.7%1.770.8%
Real Estate (VNQ)15.2%13.1%0.825.1%
Bitcoin (BTCUSD)-31.3%41.8%-0.7820.8%

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Based On 5-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with ZONE
ZONE-24.8%126.5%0.08-
Sector ETF (XLI)12.2%17.4%0.5411.1%
Equity (SPY)14.0%17.0%0.6413.0%
Gold (GLD)18.8%18.0%0.85-2.8%
Commodities (DBC)10.4%19.4%0.42-0.9%
Real Estate (VNQ)3.8%18.8%0.107.7%
Bitcoin (BTCUSD)11.6%55.3%0.4117.2%

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Based On 10-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with ZONE
ZONE-13.3%126.5%0.08-
Sector ETF (XLI)14.0%20.0%0.6211.1%
Equity (SPY)15.7%17.9%0.7513.0%
Gold (GLD)13.0%16.0%0.67-2.8%
Commodities (DBC)7.8%17.9%0.35-0.9%
Real Estate (VNQ)5.5%20.7%0.237.7%
Bitcoin (BTCUSD)66.7%66.9%1.0617.2%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date4302026
Short Interest: Shares Quantity5.6 Mil
Short Interest: % Change Since 4152026-8.5%
Average Daily Volume1.9 Mil
Days-to-Cover Short Interest3.0 days
Basic Shares Quantity8.0 Mil
Short % of Basic Shares70.4%

Earnings Returns History

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 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
11/13/2025-11.8%-21.3%-37.6%
8/22/20257.6%44.8%-51.6%
5/14/20258.1%-6.4%91.3%
2/14/2025-6.5%-9.8%-4.0%
9/20/202414.3%2.6%11.0%
SUMMARY STATS   
# Positive322
# Negative233
Median Positive8.1%23.7%51.1%
Median Negative-9.2%-9.8%-37.6%
Max Positive14.3%44.8%91.3%
Max Negative-11.8%-21.3%-51.6%

SEC Filings

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Report DateFiling DateFiling
12/31/202304/30/2024424B4
03/31/202308/11/2023DRS/A
06/30/202204/21/2023DRS/A

Recent Forward Guidance [BETA]

Latest: Q1 2026 Earnings Reported 11/13/2025

Forward GuidanceGuidance Change
MetricLowMidHigh% Chg% DeltaChangePrior
2026 Dogecoin Circulating Supply Acquisition Target 0.05    

Prior: Q4 2025 Earnings Reported 8/22/2025

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Insider Activity

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#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Enholm, David JamesChief Financial OfficerDirectBuy120320250.3018,7505,59587,222Form
2Bethor, Ltd DirectSell90420253.6118,11765,4084,016,459Form
3Bethor, Ltd DirectSell90420252.9526,88379,3053,335,320Form
4Bethor, Ltd DirectSell90420253.0445,000136,6923,516,022Form
5Bethor, Ltd DirectSell72920253.6910,00036,9004,437,225Form