Volume one · United States

F

126 entries, F to FWRG · entries 954–1,079 of 3,803

F Ford Motor Company

Ford designs, builds, and sells trucks, SUVs, and cars — under the Ford and Lincoln names — to retail buyers and commercial fleets, mostly through independent dealers. The great bulk of its revenue comes from making and selling the vehicles themselves. A captive lender, Ford Credit, supplies the rest by financing dealers' inventory and customers' purchases and leases.

Owner earnings 2016–2025 $12.9B$11.0B$7.2B$10.0B$18.5B$9.6B($13M)$6.7B$6.7B$12.5B

Retained capital Retained $5.5B of earnings over 2016–2025; annual owner earnings fell $1.8B, $-0.32 per $1 retained.

Balance sheet net position not read (debt under-captured) · dividend paid 10 of 10 yrs, cut at least once

FA First Advantage Corporation

First Advantage Corporation is a global software and data company.

Owner earnings 2019–2025 $65M$141M$207M$161M$26M$188M

Retained capital Paid out $113M more than it earned over 2019–2025; annual owner earnings fell $12M.

Balance sheet Heavy net debt, $1.8B · buybacks at an average near $13.27

FAF First American Fin

The Company, through its subsidiaries, is engaged in the business of providing title insurance, settlement services and other financial services and risk solutions through its title insurance and services segment and its home warranty segment.

Owner earnings 2016–2025 $390M$498M$675M$806M$971M$1.1B$610M$166M$679M$763M

Retained capital Retained $2.2B of earnings over 2016–2025; annual owner earnings grew $15M, $0.01 per $1 retained.

Balance sheet Modest net debt, $158M · buybacks at an average near $55.11 · dividend paid 10 of 10 yrs, never cut

FANG Diamondback Energy Inc.

Revenue is led by Oil sales (77%) and Oil Purchased (10%), with 2 more lines behind.

Owner earnings 2016–2025 $154M$562M$942M$2.0B$1.9B$3.2B$4.7B$3.9B$3.6B$2.8B

Retained capital Retained $1.1B of earnings over 2016–2025; annual owner earnings grew $2.9B.

Balance sheet Heavy net debt, $14.4B · dividend paid 8 of 10 yrs, cut at least once

FAST Fastenal Company

We began with a marketing strategy of supplying threaded fasteners to customers through a branch network in small, medium, and, in subsequent years, large cities.

Owner earnings 2016–2025 $416M$465M$536M$694M$934M$614M$767M$1.3B$998M$1.1B

Retained capital Retained $1.8B of earnings over 2016–2025; annual owner earnings grew $652M, $0.36 per $1 retained.

Balance sheet Net cash, +$152M · buybacks at an average near $16.51 · dividend paid 10 of 10 yrs, cut at least once

FATE Fate Therapeutics Inc.

A pharmaceutical business, where patents grant a temporary monopoly the pipeline must keep refilling.

Owner earnings 2016–2025 ($30M)($38M)($40M)($85M)($42M)($169M)($262M)($138M)($124M)($112M)

Retained capital not read

Balance sheet Net cash, +$189M

FBIN Fortune Brands

A capital-intensive business, run on heavy physical assets that must be kept working and earn a return above what they cost to maintain.

Owner earnings 2016–2025 $501M$435M$454M$505M$675M$475M$320M$799M$475M$367M

Retained capital Retained $382M of earnings over 2016–2025; annual owner earnings grew $83M.

Balance sheet Heavy net debt, $2.4B · buybacks at an average near $77.78 · dividend paid 10 of 10 yrs, cut at least once

FBIOP Fortress Biotech, Inc.

Fortress Biotech, Inc. is a biopharmaceutical company focused on acquiring and advancing assets to enhance long-term value for shareholders through product revenue, equity holding and dividend and royalty revenue streams.

Owner earnings 2016–2024 ($47M)($82M)($101M)($97M)($86M)($121M)($182M)($128M)($80M)

Retained capital not read

Balance sheet Net debt against an operating loss, $5M

FBIZ First Business Financial Services Inc.

A balance-sheet business, read on book value, net interest margin and credit losses rather than an earnings multiple.

Owner earnings not applied to a balance-sheet business

Retained capital not applied to a balance-sheet business

Balance sheet a balance-sheet business; the net-cash read is not applied · dividend paid 10 of 10 yrs, never cut

FBK FB Financial Corporation

A balance-sheet business, read on book value, net interest margin and credit losses rather than an earnings multiple.

Owner earnings not applied to a balance-sheet business

Retained capital not applied to a balance-sheet business

Balance sheet a balance-sheet business; the net-cash read is not applied · dividend paid 9 of 10 yrs, cut at least once

FBNC First Bancorp

A balance-sheet business, read on book value, net interest margin and credit losses rather than an earnings multiple.

Owner earnings not applied to a balance-sheet business

Retained capital not applied to a balance-sheet business

Balance sheet a balance-sheet business; the net-cash read is not applied · buybacks at an average near $30.48 · dividend paid 10 of 10 yrs, never cut

FBP First BanCorp

A balance-sheet business, read on book value, net interest margin and credit losses rather than an earnings multiple.

Owner earnings not applied to a balance-sheet business

Retained capital not applied to a balance-sheet business

Balance sheet a balance-sheet business; the net-cash read is not applied · buybacks at an average near $14.55 · dividend paid 8 of 10 yrs, never cut

FBRT Franklin BSP Realty Trust Inc.

A balance-sheet business, read on book value, net interest margin and credit losses rather than an earnings multiple.

Owner earnings not applied to a balance-sheet business

Retained capital not applied to a balance-sheet business

Balance sheet a balance-sheet business; the net-cash read is not applied

FBYD Falcon's Beyond Global Inc.

Falcon's Beyond Global Inc. is a visionary entertainment and technology enterprise at the forefront of the global experience economy.

Owner earnings 2022–2025 ($20M)($24M)($13M)($25M)

Retained capital not read

Balance sheet Net debt against an operating loss, $12M

FCBC First Community Bankshares Inc. (VA)

A balance-sheet business, read on book value, net interest margin and credit losses rather than an earnings multiple.

Owner earnings not applied to a balance-sheet business

Retained capital not applied to a balance-sheet business

Balance sheet a balance-sheet business; the net-cash read is not applied · buybacks at an average near $28.63 · dividend paid 10 of 10 yrs, cut at least once

FCEL FuelCell Energy Inc.

FuelCell Energy is a clean energy technology company and a stationary fuel cell manufacturer with 22 years of operating experience in this field.

Owner earnings 2016–2025 ($54M)($84M)$6M($33M)($37M)($77M)($133M)($166M)($189M)($144M)

Retained capital not read

Balance sheet Net cash, +$158M

FCF First Commonwealth Financial Corporation

We provide a diversified array of consumer and commercial banking services through our bank subsidiary, FCB.

Owner earnings not applied to a balance-sheet business

Retained capital not applied to a balance-sheet business

Balance sheet a balance-sheet business; the net-cash read is not applied · buybacks at an average near $8.35 · dividend paid 10 of 10 yrs, never cut

FCFS FirstCash Holdings Inc.

FirstCash Holdings, Inc., along with its wholly owned subsidiaries, is the leading operator of pawn stores in the U.S., Latin America and the U.K.

Owner earnings 2016–2025 $76M$194M$208M$187M$185M$181M$434M$356M$472M$531M

Retained capital Retained $212M of earnings over 2016–2025; annual owner earnings grew $293M, $1.38 per $1 retained.

Balance sheet Meaningful net debt, $2.1B · buybacks at an average near $82.53 · dividend paid 10 of 10 yrs, never cut

FCN FTI Consulting

FTI Consulting is a leading global expert firm for organizations facing crisis and transformation.

Owner earnings 2016–2025 $205M$116M$198M$188M$292M$321M$153M$175M$360M$106M

Retained capital Retained $342M of earnings over 2016–2025; annual owner earnings grew $41M, $0.12 per $1 retained.

Balance sheet Modest net debt, $452M

FCNCA First Citizens BancShares Inc.

A balance-sheet business, read on book value, net interest margin and credit losses rather than an earnings multiple.

Owner earnings not applied to a balance-sheet business

Retained capital not applied to a balance-sheet business

Balance sheet a balance-sheet business; the net-cash read is not applied · buybacks at an average near $680 · dividend paid 10 of 10 yrs, never cut

FCPT Four Corners Property Trust

We focus on income producing properties leased to high quality tenants in major markets across the United States.

Owner earnings not applied to a balance-sheet business

Retained capital not applied to a balance-sheet business

Balance sheet a balance-sheet business; the net-cash read is not applied · dividend paid 7 of 7 yrs, cut at least once

FCX Freeport-McMoRan Inc.

Freeport-McMoRan digs copper out of the ground and sells it, mostly as refined cathode and as concentrate that smelters cook into metal. The same ore yields gold and molybdenum alongside the copper. Its buyers are the smelters, refiners, and manufacturers who turn the metal into wire, pipe, and the wiring of nearly everything electrical.

Owner earnings 2016–2025 $924M$3.3B$1.9B$70M$1.5B$5.6B$3.1B$3.2B$4.9B$3.4B

Retained capital Retained $8.0B of earnings over 2016–2025; annual owner earnings grew $1.8B, $0.23 per $1 retained.

Balance sheet Modest net debt, $7.3B · buybacks at an average near $38.34 · dividend paid 10 of 10 yrs, cut at least once

FDMT 4D Molecular Therapeutics Inc.

A pharmaceutical business, where patents grant a temporary monopoly the pipeline must keep refilling.

Owner earnings 2019–2025 ($38M)($52M)($71M)($89M)($79M)($138M)($110M)

Retained capital not read

Balance sheet Net cash, debt-free, +$403M

FDP Del Monte Corporation

Revenue is Product 2 (61%), Banana (34%) and Totals (5%).

Owner earnings 2016–2025 $198M$56M$96M$47M$31M$30M$14M$120M$131M$181M

Retained capital Retained $178M of earnings over 2016–2025; annual owner earnings grew $28M, $0.15 per $1 retained.

Balance sheet Heavy net debt, $689M · buybacks at an average near $41.92 · dividend paid 10 of 10 yrs, cut at least once

FDS FactSet

FactSet is a global financial digital platform and enterprise solutions provider with open and flexible technologies that deliver financial intelligence to investment professionals worldwide.

Owner earnings 2016–2025 $293M$284M$352M$368M$448M$494M$487M$585M$615M$617M

Retained capital Retained $503M of earnings over 2016–2025; annual owner earnings grew $296M, $0.59 per $1 retained.

Balance sheet Modest net debt, $1.0B · buybacks at an average near $270 · dividend paid 10 of 10 yrs, never cut

FDX FedEx Corporation

FedEx moves packages and freight from one place to another, fast and on a schedule, using its own fleet of aircraft, trucks, and sorting hubs. Its customers are businesses and people who need something delivered — a document overnight, a pallet of goods across the country, a parcel to a doorstep. It earns a fee for each shipment, and also sells the data and supply-chain coordination that ride along with moving the goods.

Owner earnings 2017–2026 $1.9B$1.6B$2.3B$1.5B$6.3B$5.9B$4.7B$3.1B$3.0B$5.1B

Retained capital Retained $13.3B of earnings over 2017–2026; annual owner earnings grew $1.8B, $0.14 per $1 retained.

Balance sheet Meaningful net debt, $11.7B · buybacks at an average near $233 · dividend paid 10 of 10 yrs, never cut

FDXF FedEx Freight Holding Company Inc.

Revenue is Priority (63%), Economy (32%) and Other (5%).

Owner earnings 2024–2026 $1.1B$1.1B($212M)

Retained capital not read

Balance sheet Heavy net debt, $4.5B

FE FirstEnergy Corp.

Revenue is Electricity, US Regulated (81%), Transmission (15%) and Other (4%).

Owner earnings 2016–2025 $1.4B$2.1B$26M$1.3B$224M$1.1B$1.4B($2.0B)($1.1B)($1.0B)

Retained capital Paid out $8.0B more than it earned over 2016–2025; annual owner earnings fell $2.6B.

Balance sheet Heavy net debt, $25.5B · dividend paid 10 of 10 yrs, never cut

FEIM Frequency Electronics Inc.

Revenue is Government Non-Space Revenue (60%), Satellite Revenue (37%) and Other Commercial & Industrial Revenue (3%).

Owner earnings 2017–2026 $1M$3M($3M)($3M)$11M$2M$257K$7M($3M)($611K)

Retained capital Paid out $47M more than it earned over 2017–2026; annual owner earnings grew $623K.

Balance sheet Net debt against an operating loss, $4M · dividend paid 2 of 10 yrs, cut at least once

FELE Franklin Electric

Named after America's pioneer electrical engineer, Benjamin Franklin, Franklin Electric manufactured the first water-lubricated submersible motor for water systems and the first submersible motor for fueling systems.

Owner earnings 2016–2025 $76M$33M$106M$156M$189M$100M$60M$274M$220M$194M

Retained capital Retained $580M of earnings over 2016–2025; annual owner earnings grew $157M, $0.27 per $1 retained.

Balance sheet Modest net debt, $109M · buybacks at an average near $86.43 · dividend paid 10 of 10 yrs, never cut

FENC Fennec Pharmaceuticals Inc.

A pharmaceutical business, where patents grant a temporary monopoly the pipeline must keep refilling.

Owner earnings not read

Retained capital not read

Balance sheet Net cash, +$17M

FERG Ferguson Enterprises

Ferguson buys plumbing, heating and cooling, and waterworks parts from many makers and resells them to the trade — contractors, builders, and city water departments — out of a wide network of branches and warehouses. It makes nothing itself; it keeps the right pipe, valve, or fitting on the shelf and gets it to a job site fast. The money comes from a markup on each part, multiplied across a deep catalog and a fragmented base of working customers.

Owner earnings 2022–2025 $859M$2.3B$1.5B$1.6B

Retained capital Retained $1.0B of earnings over 2022–2025; annual owner earnings grew $248M, $0.24 per $1 retained.

Balance sheet Modest net debt, $3.5B · dividend paid 4 of 4 yrs, cut at least once

FET Forum Energy Technologies Inc.

Forum Energy Technologies, Inc. is a global manufacturing company serving the oil, natural gas, defense and renewable energy industries.

Owner earnings 2016–2025 $48M($67M)($22M)$89M$2M($18M)($25M)$239K$84M$64M

Retained capital Paid out $1.5B more than it earned over 2016–2025; annual owner earnings grew $63M.

Balance sheet Heavy net debt, $259M

FFBC First Financial Bancorp.

First Financial offers deposit products that include interest-bearing and noninterest-bearing accounts, time deposits and cash management services for retail and commercial customers.

Owner earnings not applied to a balance-sheet business

Retained capital not applied to a balance-sheet business

Balance sheet a balance-sheet business; the net-cash read is not applied · buybacks at an average near $23.10 · dividend paid 10 of 10 yrs, never cut

FFIN First Financial Bankshares

A balance-sheet business, read on book value, net interest margin and credit losses rather than an earnings multiple.

Owner earnings not applied to a balance-sheet business

Retained capital not applied to a balance-sheet business

Balance sheet a balance-sheet business; the net-cash read is not applied · dividend paid 10 of 10 yrs, never cut

FFIV F5 Inc.

We sell packaged software in perpetual, subscription, and usage-based consumption models.

Owner earnings 2017–2025 $702M$708M$679M$601M$615M$409M$599M$762M$906M

Retained capital Retained $63M of earnings over 2017–2025; annual owner earnings grew $60M.

Balance sheet Net cash, debt-free, +$1.3B · buybacks at an average near $141

FG F&G Annuities & Life Inc.

A life insurer, collecting premiums for decades and earning a spread on the reserves it invests until claims fall due.

Owner earnings not applied to a balance-sheet business

Retained capital not applied to a balance-sheet business

Balance sheet a balance-sheet business; the net-cash read is not applied

FGBIP First Guaranty Bancshares, Inc.

A balance-sheet business, read on book value, net interest margin and credit losses rather than an earnings multiple.

Owner earnings not applied to a balance-sheet business

Retained capital not applied to a balance-sheet business

Balance sheet a balance-sheet business; the net-cash read is not applied · dividend paid 10 of 10 yrs, cut at least once

FGN F&G Annuities & Life, Inc.

A life insurer, collecting premiums for decades and earning a spread on the reserves it invests until claims fall due.

Owner earnings not applied to a balance-sheet business

Retained capital not applied to a balance-sheet business

Balance sheet a balance-sheet business; the net-cash read is not applied

FHB First Hawaiian

We provide a diversified range of banking services to consumer and commercial customers, including deposit products, lending services and wealth management and trust services.

Owner earnings not applied to a balance-sheet business

Retained capital not applied to a balance-sheet business

Balance sheet a balance-sheet business; the net-cash read is not applied · dividend paid 10 of 10 yrs, never cut

FHI Federated Hermes

Federated Hermes, Inc. is a global leader in active investing with $902.6 billion in assets under management at December 31, 2025.

Owner earnings not applied to a balance-sheet business

Retained capital not applied to a balance-sheet business

Balance sheet a balance-sheet business; the net-cash read is not applied · dividend paid 10 of 10 yrs, cut at least once

FHN First Horizon

We provide commercial, private banking, consumer, small business, wealth and trust management, retail brokerage, capital markets, fixed income, and mortgage banking services principally through our wholly-owned subsidiary, First Horizon Bank.

Owner earnings not applied to a balance-sheet business

Retained capital not applied to a balance-sheet business

Balance sheet a balance-sheet business; the net-cash read is not applied · dividend paid 10 of 10 yrs, never cut

FI Fiserv, Inc.

Fiserv, Inc. is a leading global provider of payments and financial services technology solutions.

Owner earnings 2016–2025 $1.1B$1.2B$1.2B$2.1B$3.2B$2.9B$3.1B$3.8B$5.1B$4.3B

Retained capital Retained $14.3B of earnings over 2016–2025; annual owner earnings grew $3.2B, $0.22 per $1 retained.

Balance sheet Heavy net debt, $28.2B

FIBK First Interstate BancSystem

A balance-sheet business, read on book value, net interest margin and credit losses rather than an earnings multiple.

Owner earnings not applied to a balance-sheet business

Retained capital not applied to a balance-sheet business

Balance sheet a balance-sheet business; the net-cash read is not applied

FICO Fair Isaac

Fair Isaac Corporation is a global analytics software leader.

Owner earnings 2016–2025 $188M$206M$192M$236M$343M$416M$503M$465M$624M$770M

Retained capital Paid out $2.6B more than it earned over 2016–2025; annual owner earnings grew $424M.

Balance sheet Meaningful net debt, $2.9B · dividend paid 2 of 10 yrs, cut at least once

FIG Figma Inc.

A software business, earning high margins on code once it is written.

Owner earnings 2023–2025 $1.0B($64M)$246M

Retained capital not read

Balance sheet Net cash, debt-free, +$1.7B

FIGR Figure Technology Solutions Inc.

Figure is building the future of capital markets using blockchain-based technology.

Owner earnings not read

Retained capital not read

Balance sheet Net cash, +$968M

FIGS FIGS Inc.

We are a founder-led, direct-to-consumer healthcare apparel and lifestyle brand that seeks to celebrate, empower and serve current and future generations of healthcare professionals.

Owner earnings 2019–2025 $6M$21M$65M($37M)$98M$74M$53M

Retained capital Retained $73M of earnings over 2019–2025; annual owner earnings grew $45M, $0.61 per $1 retained.

Balance sheet Net cash, debt-free, +$82M

FIP FTAI Infrastructure Inc. Common Stock

A freight railroad, hauling goods across a heavy fixed-cost network it alone owns.

Owner earnings 2020–2025 ($78M)($116M)($113M)($94M)($95M)($250M)

Retained capital not read

Balance sheet Heavy net debt, $3.7B

FIS Fidelity National Info

A diversified business; where the profit really comes from, and whether it is earned or bought, is what the segment detail settles.

Owner earnings 2016–2025 $1.8B$1.6B$1.9B$2.2B$4.2B$4.5B$3.7B$4.2B$2.1B$2.5B

Retained capital Paid out $37.8B more than it earned over 2016–2025; annual owner earnings grew $1.2B.

Balance sheet Heavy net debt, $9.8B · buybacks at an average near $153 · dividend paid 10 of 10 yrs, cut at least once

FISI Financial Institutions Inc.

The Bank offers deposit products, which include checking and NOW accounts, savings accounts, and certificates of deposit, as its principal source of funding.

Owner earnings not applied to a balance-sheet business

Retained capital not applied to a balance-sheet business

Balance sheet a balance-sheet business; the net-cash read is not applied · buybacks at an average near $24.93 · dividend paid 10 of 10 yrs, never cut

FISV Fiserv Inc.

Fiserv, Inc. is a leading global provider of payments and financial services technology solutions.

Owner earnings 2016–2025 $1.1B$1.2B$1.2B$2.1B$3.2B$2.9B$3.1B$3.8B$5.1B$4.3B

Retained capital Retained $14.3B of earnings over 2016–2025; annual owner earnings grew $3.2B, $0.22 per $1 retained.

Balance sheet Heavy net debt, $28.2B

FITB Fifth Third Bancorp

As of December 31, 2025, Fifth Third had $214 billion in assets and operates 1,130 full-service Banking Centers and 2,199 Fifth Third branded ATMs in Ohio, Kentucky, Indiana, Michigan, Illinois, Florida, Tennessee, West Virginia, Georgia, North Carolina, South Carolina and Alabama.

Owner earnings not applied to a balance-sheet business

Retained capital not applied to a balance-sheet business

Balance sheet a balance-sheet business; the net-cash read is not applied · dividend paid 10 of 10 yrs, never cut

FIVE Five Below

Five Below is a specialty value retailer offering trend-right, high-quality products loved by the kid and the kid in all of us.

Owner earnings 2018–2026 $134M$129M$132M$297M$243M$209M$369M$263M$412M

Retained capital Retained $1.7B of earnings over 2018–2026; annual owner earnings grew $216M, $0.12 per $1 retained.

Balance sheet Net cash, +$932M · buybacks at an average near $144

FIVN Five9

Five9 is a leading provider of intelligent customer experience, or CX, platform for enterprise contact centers.

Owner earnings 2016–2025 $6M$8M$29M$37M$37M($13M)$37M$98M$101M$201M

Retained capital Paid out $321M more than it earned over 2016–2025; annual owner earnings grew $119M.

Balance sheet Heavy net debt, $503M

FIX Comfort Systems

We provide mechanical and electrical contracting services.

Owner earnings 2016–2025 $68M$79M$120M$118M$262M$158M$268M$601M$801M$1.1B

Retained capital Retained $2.1B of earnings over 2016–2025; annual owner earnings grew $753M, $0.37 per $1 retained.

Balance sheet Net cash, +$726M · dividend paid 10 of 10 yrs, never cut

FIZZ National Beverage

Our creative product designs, innovative packaging and imaginative flavors, along with our corporate culture and philosophy, make National Beverage unique as a stand-alone entity in the beverage industry.

Owner earnings 2017–2026 $100M$141M$124M$160M$176M$115M$140M$178M$186M$156M

Retained capital Retained $404M of earnings over 2017–2026; annual owner earnings grew $51M, $0.13 per $1 retained.

Balance sheet Net cash, debt-free, +$350M · buybacks at an average near $40.34 · dividend paid 6 of 10 yrs, cut at least once

FL Foot Locker

Foot Locker, Inc. is a leading footwear and apparel retailer that unlocks the "inner sneakerhead" in all of us.

Owner earnings 2017–2025 $578M$539M$594M$509M$903M$457M($112M)($151M)$105M

Retained capital Retained $34M of earnings over 2017–2025; annual owner earnings fell $623M.

Balance sheet Modest net debt, $45M · dividend paid 8 of 9 yrs, cut at least once

FLEX Flex Ltd.

Flex is the advanced, end-to-end manufacturing partner of choice that helps a diverse customer base design, build, deliver and manage products that improve the world.

Owner earnings 2017–2026 ($4.3B)($4.4B)($3.7B)($2.0B)($207M)$581M$315M$796M$1.1B$1.1B

Retained capital not read

Balance sheet Modest net debt, $1.4B

FLG Flagstar Bank N.A.

Flagstar Bank, National Association, is a national banking association headquartered in Hicksville, New York which had $87.5 billion of assets, $61.0 billion of loans, deposits of $66.0 billion, and total stockholders' equity of $8.1 billion as of December 31, 2025.

Owner earnings not applied to a balance-sheet business

Retained capital not applied to a balance-sheet business

Balance sheet a balance-sheet business; the net-cash read is not applied

FLGT Fulgent Genetics Inc.

We are a technology-based company with a well-established laboratory services business and a therapeutic development business.

Owner earnings 2016–2025 $3M($397K)($2M)$4M$138M$528M$235M$5M($4M)($124M)

Retained capital Retained $470M of earnings over 2016–2025; annual owner earnings fell $41M, $-0.09 per $1 retained.

Balance sheet Net cash, +$48M · buybacks at an average near $32.41

FLNC Fluence Energy Inc.

Fluence is a global market leader delivering intelligent energy storage and optimization software for renewables and storage.

Owner earnings 2020–2025 ($16M)($270M)($290M)($115M)$72M($160M)

Retained capital not read

Balance sheet Net cash, +$300M

FLO Flowers Foods

Revenue is Branded Retail (66%) and Other (34%).

Owner earnings 2016–2025 $255M$222M$196M$263M$357M$209M$192M$220M$281M$319M

Retained capital Paid out $299M more than it earned over 2016–2025; annual owner earnings grew $49M.

Balance sheet Heavy net debt, $1.7B · buybacks at an average near $20.70 · dividend paid 10 of 10 yrs, never cut

FLOC Flowco Holdings Inc.

Revenue is led by Downhole Components (34%) and Surface Equipment (32%), with 2 more lines behind.

Owner earnings 2023–2025 $38M$89M$167M

Retained capital not read

Balance sheet Modest net debt, $163M

FLR Fluor Corporation

We deliver professional and technical solutions that emphasize safety, operational excellence and capital efficiency for our clients.

Owner earnings 2016–2025 $470M$319M($49M)$38M$73M($50M)($44M)$106M$664M($437M)

Retained capital Paid out $851M more than it earned over 2016–2025; annual owner earnings fell $136M.

Balance sheet Net cash, +$1.1B · buybacks at an average near $45.86 · dividend paid 5 of 10 yrs, cut at least once

FLS Flowserve

Revenue is FPD (68%) and FCD (32%).

Owner earnings 2016–2025 $151M$249M$107M$248M$253M$195M($116M)$258M$344M$435M

Retained capital Retained $365M of earnings over 2016–2025; annual owner earnings grew $177M, $0.48 per $1 retained.

Balance sheet Meaningful net debt, $815M · buybacks at an average near $47.85 · dividend paid 10 of 10 yrs, never cut

FLUT Flutter Entertainment plc

Flutter is the world's leading online sports betting and iGaming operator based on revenue.

Owner earnings 2022–2025 $1.0B$778M$1.5B$1.1B

Retained capital Paid out $3.5B more than it earned over 2022–2025; annual owner earnings grew $13M.

Balance sheet Heavy net debt, $10.5B · buybacks at an average near $278

FLXS Flexsteel Industries Inc.

Flexsteel Industries, Inc., and Subsidiaries is one of the largest manufacturers, importers, and marketers of residential furniture products in the United States.

Owner earnings 2017–2026 $13M($2M)($15M)$15M($35M)$4M$18M$27M$34M$48M

Retained capital Retained $38M of earnings over 2017–2026; annual owner earnings grew $37M, $0.99 per $1 retained.

Balance sheet Net cash, +$12M · dividend paid 10 of 10 yrs, cut at least once

FLY Firefly Aerospace Inc.

Firefly is a market-leading space and defense technology company with an established track record of success providing comprehensive mission solutions to national security, government, and commercial customers.

Owner earnings 2023–2025 ($98M)($170M)($228M)

Retained capital not read

Balance sheet Net cash, +$612M

FLYW Flywire

Flywire is a leading global payments enablement and software company.

Owner earnings 2019–2025 $325K($16M)$16M$4M$75M$98M$99M

Retained capital Paid out $91M more than it earned over 2019–2025; annual owner earnings grew $91M.

Balance sheet Net cash, debt-free, +$355M · buybacks at an average near $3.28

FMAO Farmers & Merchants Bancorp Inc.

Our primary subsidiary is a local independent community bank that has been primarily serving Northwest Ohio, Northeast Indiana and Southeast Michigan since 1897.

Owner earnings not applied to a balance-sheet business

Retained capital not applied to a balance-sheet business

Balance sheet a balance-sheet business; the net-cash read is not applied · dividend paid 10 of 10 yrs, never cut

FMBH First Mid Bancshares Inc.

A balance-sheet business, read on book value, net interest margin and credit losses rather than an earnings multiple.

Owner earnings not applied to a balance-sheet business

Retained capital not applied to a balance-sheet business

Balance sheet a balance-sheet business; the net-cash read is not applied · buybacks at an average near $36.45 · dividend paid 10 of 10 yrs, never cut

FMC FMC Corp.

FMC Corporation is a global agricultural sciences company dedicated to providing farmers with innovative solutions that increase the productivity and resilience of their land.

Owner earnings 2016–2025 $278M$194M$280M$462M$670M$799M$518M($434M)$669M($103M)

Retained capital Paid out $152M more than it earned over 2016–2025; annual owner earnings fell $206M.

Balance sheet Net debt against an operating loss, $3.5B · buybacks at an average near $92.95 · dividend paid 10 of 10 yrs, never cut

FMNB Farmers National Banc Corp.

A balance-sheet business, read on book value, net interest margin and credit losses rather than an earnings multiple.

Owner earnings not applied to a balance-sheet business

Retained capital not applied to a balance-sheet business

Balance sheet a balance-sheet business; the net-cash read is not applied · dividend paid 10 of 10 yrs, never cut

FN Fabrinet

Revenue is Optical communications (77%) and Non-optical communications (23%).

Owner earnings 2017–2026 $47M$104M$129M$120M$86M$86M$169M$366M$275M$188M

Retained capital Retained $1.7B of earnings over 2017–2026; annual owner earnings grew $183M, $0.10 per $1 retained.

Balance sheet Net cash, +$846M · buybacks at an average near $93.96

FNB F.N.B.

A balance-sheet business, read on book value, net interest margin and credit losses rather than an earnings multiple.

Owner earnings not applied to a balance-sheet business

Retained capital not applied to a balance-sheet business

Balance sheet a balance-sheet business; the net-cash read is not applied · dividend paid 10 of 10 yrs, never cut

FND Floor & Decor

Floor & Decor is a high-growth, differentiated, multi-channel specialty retailer of hard surface flooring and related accessories and seller of commercial surfaces.

Owner earnings 2016–2025 $61M$71M$134M$131M$315M$183M($43M)$602M$371M$141M

Retained capital Retained $1.6B of earnings over 2016–2025; annual owner earnings grew $282M, $0.17 per $1 retained.

Balance sheet Net cash, +$53M · dividend paid 1 of 10 yrs, never cut

FNF Fidelity National Fin

We are a leading provider of title insurance, escrow and other title-related services, including trust activities, trustee sales guarantees, recordings and reconveyances and home warranty and transaction services to the real estate and mortgage industries.

Owner earnings not read

Retained capital not read

Balance sheet Net cash, +$156M

FNKO Funko Inc.

Funko is a leading pop culture consumer products company .

Owner earnings 2016–2025 $28M($10M)$23M$49M$90M$60M($99M)($4M)$91M($38M)

Retained capital Paid out $146M more than it earned over 2016–2025; annual owner earnings grew $2M.

Balance sheet Net debt against an operating loss, $183M

FNLC First Bancorp Inc (ME)

The Bank offers traditional banking products & services including deposit accounts, cash management and payment processing solutions, and consumer, commercial and mortgage loans.

Owner earnings not applied to a balance-sheet business

Retained capital not applied to a balance-sheet business

Balance sheet a balance-sheet business; the net-cash read is not applied · dividend paid 10 of 10 yrs, never cut

FOCL EDAP TMS S.A.

EDAP TMS S.A. is a medical technology company focused on the development, manufacturing, marketing, and sale of non-invasive therapeutic ultrasound and energy-based medical devices.

Owner earnings 2024–2025 ($16M)($18M)

Retained capital not read

Balance sheet Net cash, +$2M

FOR Forestar Group Inc Common Stock

Forestar Group Inc. is a national, well-capitalized residential lot development company focused primarily on making investments in land acquisition and development to sell finished single-family residential lots to homebuilders.

Owner earnings not applied to a balance-sheet business

Retained capital not applied to a balance-sheet business

Balance sheet a balance-sheet business; the net-cash read is not applied

FORM FormFactor

FormFactor, Inc. is a leading provider of electrical and optical test and measurement technologies along the full semiconductor product lifecycle - from characterization, modeling, reliability, and design de-bug, to qualification and production test.

Owner earnings 2016–2025 $6M$69M$49M$100M$113M$95M$94M$20M$79M$75M

Retained capital Retained $373M of earnings over 2016–2025; annual owner earnings grew $17M, $0.05 per $1 retained.

Balance sheet Net cash, +$91M

FOUR Shift4 Payments

We are a leading independent provider of software and payment processing solutions in the U.S. and we are expanding our payment processing solutions to international markets.

Owner earnings 2018–2025 $24M($200K)($800K)($5M)$267M$332M$493M$624M

Retained capital Paid out $578M more than it earned over 2018–2025; annual owner earnings grew $475M.

Balance sheet Heavy net debt, $3.6B

FOX Fox Corporation

A capital-intensive business, run on heavy physical assets that must be kept working and earn a return above what they cost to maintain.

Owner earnings 2017–2026 $1.5B$1.1B$2.3B$2.1B$2.3B$1.6B$1.4B$1.5B$3.0B$1.5B

Retained capital Retained $5.2B of earnings over 2017–2026; annual owner earnings grew $352M, $0.07 per $1 retained.

Balance sheet Modest net debt, $2.4B · dividend paid 10 of 10 yrs, never cut

FOXA Fox Corporation

A capital-intensive business, run on heavy physical assets that must be kept working and earn a return above what they cost to maintain.

Owner earnings 2017–2026 $1.5B$1.1B$2.3B$2.1B$2.3B$1.6B$1.4B$1.5B$3.0B$1.5B

Retained capital Retained $5.2B of earnings over 2017–2026; annual owner earnings grew $352M, $0.07 per $1 retained.

Balance sheet Modest net debt, $2.4B · dividend paid 10 of 10 yrs, never cut

FOXF Fox Factory

Our company, Fox Factory Holding Corp., is a global leader in the design, engineering, manufacturing and marketing of premium products and systems that deliver championship-level performance for customers worldwide.

Owner earnings 2016–2025 $30M$38M$51M$57M$49M$20M$143M$132M$88M$27M

Retained capital Retained $241M of earnings over 2016–2025; annual owner earnings grew $43M, $0.18 per $1 retained.

Balance sheet Net debt against an operating loss, $466M

FPH Five Point Holdings LLC Class A

Revenue is Great Park (49%), Valencia (39%) and Hearthstone (11%).

Owner earnings not applied to a balance-sheet business

Retained capital not applied to a balance-sheet business

Balance sheet a balance-sheet business; the net-cash read is not applied

FPI Farmland Partners Inc.

A property business, read on funds from operations and net asset value rather than reported earnings.

Owner earnings not applied to a balance-sheet business

Retained capital not applied to a balance-sheet business

Balance sheet a balance-sheet business; the net-cash read is not applied

FR First Industrial

First Industrial Realty Trust, Inc. is a self-administered and fully integrated real estate company which owns, manages, acquires, sells, develops and redevelops industrial real estate.

Owner earnings not applied to a balance-sheet business

Retained capital not applied to a balance-sheet business

Balance sheet a balance-sheet business; the net-cash read is not applied

FRHC Freedom Holding Corp.

A balance-sheet business, read on book value, net interest margin and credit losses rather than an earnings multiple.

Owner earnings not applied to a balance-sheet business

Retained capital not applied to a balance-sheet business

Balance sheet a balance-sheet business; the net-cash read is not applied

FRME First Merchants Corporation

Our commercial banking team offers a full spectrum of debt capital, treasury management services and depository products.

Owner earnings not applied to a balance-sheet business

Retained capital not applied to a balance-sheet business

Balance sheet a balance-sheet business; the net-cash read is not applied

FRMEP First Merchants Corp

Our commercial banking team offers a full spectrum of debt capital, treasury management services and depository products.

Owner earnings not applied to a balance-sheet business

Retained capital not applied to a balance-sheet business

Balance sheet a balance-sheet business; the net-cash read is not applied

FROG JFrog

A software business, earning high margins on code once it is written.

Owner earnings 2018–2025 $7M$8M$26M$24M$17M$72M$108M$142M

Retained capital Paid out $398M more than it earned over 2018–2025; annual owner earnings grew $94M.

Balance sheet Net cash, debt-free, +$704M

FRPH FRP Holdings Inc.

A property business, read on funds from operations and net asset value rather than reported earnings.

Owner earnings not applied to a balance-sheet business

Retained capital not applied to a balance-sheet business

Balance sheet a balance-sheet business; the net-cash read is not applied · buybacks at an average near $22.23

FRPT Freshpet

A consumer-brand business, where the durable asset is the brand and the pricing power it commands.

Owner earnings 2016–2025 $3M($3M)$2M$717K$388K($29M)($78M)$18M$85M$74M

Retained capital Retained $46M of earnings over 2016–2025; annual owner earnings grew $58M, $1.27 per $1 retained.

Balance sheet Modest net debt, $119M

FRSH Freshworks Inc.

Freshworks provides solutions that enable organizations to acquire, engage, and better serve their customers and employees.

Owner earnings 2019–2025 ($14M)$28M$6M($10M)$84M$151M$237M

Retained capital Paid out $962M more than it earned over 2019–2025; annual owner earnings grew $151M.

Balance sheet Net cash, debt-free, +$781M · buybacks at an average near $13.90

FRST Primis Financial Corp.

Primis Bank provides a range of financial services to individuals and small and medium-sized businesses.

Owner earnings not applied to a balance-sheet business

Retained capital not applied to a balance-sheet business

Balance sheet a balance-sheet business; the net-cash read is not applied · dividend paid 10 of 10 yrs, never cut

FRT Federal Realty Investment Trust

Federal Realty Investment Trust is an equity real estate investment trust.

Owner earnings not applied to a balance-sheet business

Retained capital not applied to a balance-sheet business

Balance sheet a balance-sheet business; the net-cash read is not applied

FSBC Five Star Bancorp

We provide a broad range of banking products and services to small and medium-sized businesses, professionals, and individuals primarily in Northern California through nine branch offices.

Owner earnings not applied to a balance-sheet business

Retained capital not applied to a balance-sheet business

Balance sheet a balance-sheet business; the net-cash read is not applied · dividend paid 5 of 6 yrs, cut at least once

FSBW FS Bancorp Inc.

FS Bancorp Inc. is a diversified lender that specializes in originating various types of loans, including commercial real estate, multi-family, construction, one-to-four-family, and home equity loans, as well as consumer loans, such as indirect home improvement, and marine loans, along with commercial business loans.

Owner earnings not applied to a balance-sheet business

Retained capital not applied to a balance-sheet business

Balance sheet a balance-sheet business; the net-cash read is not applied · dividend paid 10 of 10 yrs, cut at least once

FSI Flexible Solutions International Inc.

A chemicals business, converting feedstocks into products at a spread the cycle moves.

Owner earnings 2016–2025 $2M$772K($2M)$2M$5M$4M$199K$4M$4M$2M

Retained capital Retained $21M of earnings over 2016–2025; annual owner earnings grew $3M, $0.16 per $1 retained.

Balance sheet Modest net debt, $4M · dividend paid 4 of 10 yrs, cut at least once

FSLR First Solar

We are America's leading PV solar technology and manufacturing company.

Owner earnings 2016–2025 ($23M)$1.2B($458M)($31M)($196M)($22M)$604M$294M$795M$1.5B

Retained capital Retained $3.9B of earnings over 2016–2025; annual owner earnings grew $616M, $0.16 per $1 retained.

Balance sheet Net cash, +$2.3B

FSLY Fastly Inc.

Fastly is the essential platform to deliver resilient, highly performant, always-on software and services at global scale.

Owner earnings 2017–2025 ($38M)($30M)($46M)($40M)($73M)($90M)($11M)$6M$66M

Retained capital not read

Balance sheet Net debt against an operating loss, $80K

FSS Federal Signal Corporation

Federal Signal Corporation designs, manufactures, and supplies a suite of products and integrated solutions for municipal, governmental, industrial, and commercial customers.

Owner earnings 2016–2025 $19M$65M$79M$68M$107M$64M$19M$164M$191M$227M

Retained capital Retained $886M of earnings over 2016–2025; annual owner earnings grew $140M, $0.16 per $1 retained.

Balance sheet Modest net debt, $503M · buybacks at an average near $46.22 · dividend paid 10 of 10 yrs, never cut

FSTR L.B. Foster Company

L.B. Foster Company is a global technology solutions provider of engineered, manufactured products and services that builds and supports infrastructure.

Owner earnings 2017–2025 $33M$22M$23M$11M($5M)($18M)$32M$13M$25M

Retained capital Retained $3M of earnings over 2017–2025; annual owner earnings fell $3M.

Balance sheet Modest net debt, $38M · buybacks at an average near $26.92 · no dividend paid

FSUN FirstSun Capital Bancorp

A balance-sheet business, read on book value, net interest margin and credit losses rather than an earnings multiple.

Owner earnings not applied to a balance-sheet business

Retained capital not applied to a balance-sheet business

Balance sheet a balance-sheet business; the net-cash read is not applied · buybacks at an average near $24.50 · dividend paid 4 of 7 yrs, cut at least once

FTAI FTAI Aviation Ltd.

Revenue is led by Aerospace Products (64%) and MRE Contract (13%), with 4 more lines behind.

Owner earnings 2016–2025 ($26M)($18M)($211K)($18M)($78M)($179M)($165M)$123M($197M)($338M)

Retained capital Paid out $742M more than it earned over 2016–2025; annual owner earnings fell $123M.

Balance sheet Heavy net debt, $3.1B · dividend paid 10 of 10 yrs, cut at least once

FTAIM Ftai Aviation Ltd.

Revenue is led by Aerospace Products (64%) and MRE Contract (13%), with 4 more lines behind.

Owner earnings 2016–2025 ($26M)($18M)($211K)($18M)($78M)($179M)($165M)$123M($197M)($338M)

Retained capital Paid out $742M more than it earned over 2016–2025; annual owner earnings fell $123M.

Balance sheet Heavy net debt, $3.1B · dividend paid 10 of 10 yrs, cut at least once

FTDR Frontdoor Inc.

Frontdoor is the leading provider of home warranties and new home builder warranties in the United States, as measured by revenue, and operates under the American Home Shield, HSA, OneGuard, Landmark and 2-10 HBW brands.

Owner earnings 2016–2025 $144M$179M$168M$178M$175M$154M$102M$170M$231M$390M

Retained capital Retained $520M of earnings over 2016–2025; annual owner earnings grew $100M, $0.19 per $1 retained.

Balance sheet Modest net debt, $607M · buybacks at an average near $41.62 · dividend paid 3 of 10 yrs, cut at least once

FTI TechnipFMC plc Ordinary Share

TechnipFMC plc is a leading technology provider to the traditional and new energy industries, delivering fully integrated projects, products, and services.

Owner earnings 2016–2025 $181M($45M)($554M)$436M$401M$590M$194M$468M$679M$1.4B

Retained capital Paid out $7.0B more than it earned over 2016–2025; annual owner earnings grew $1.0B.

Balance sheet Modest net debt, $2.7B · buybacks at an average near $23.18 · dividend paid 8 of 10 yrs, cut at least once

FTK Flotek Industries Inc.

A chemicals business, converting feedstocks into products at a spread the cycle moves.

Owner earnings 2016–2022 ($6M)$8M($24M)($7M)($49M)($26M)($45M)

Retained capital not read

Balance sheet Meaningful net debt, $56M

FTNT Fortinet Inc.

Fortinet is a leader in cybersecurity, driving the convergence of networking and security.

Owner earnings 2017–2025 $539M$586M$746M$1.0B$1.4B$1.6B$1.8B$2.1B$2.4B

Retained capital Paid out $1.0B more than it earned over 2017–2025; annual owner earnings grew $1.5B.

Balance sheet Net cash, +$2.6B

FTRE Fortrea Holdings Inc.

Fortrea Holdings Inc. is a leading global contract research organization, providing biopharmaceutical product and medical device development solutions to pharmaceutical, biotechnology and medical device customers.

Owner earnings 2021–2025 $143M$28M$128M$237M$88M

Retained capital Paid out $1.1B more than it earned over 2021–2025; annual owner earnings grew $51M.

Balance sheet Net debt against an operating loss, $878M

FTV Fortive Corp.

Our businesses design, develop, manufacture, and market products, software, and services, building upon leading brand names, innovative technologies, and strong market positions.

Owner earnings 2016–2025 $1.0B$1.1B$1.3B$1.2B$1.4B$911M$1.2B$1.3B$1.4B$978M

Retained capital Retained $6.5B of earnings over 2016–2025; annual owner earnings grew $109M, $0.02 per $1 retained.

Balance sheet Meaningful net debt, $2.8B · buybacks at an average near $60.67 · dividend paid 10 of 10 yrs, cut at least once

FUBO FuboTV Inc.

We are a sports-first, Pay TV replacement product offering subscribers access to tens of thousands of live sporting events annually, alongside leading news and entertainment content, both live and on demand.

Owner earnings 2014–2024 ($414K)($613K)$2M($149M)($199M)($318M)($179M)($82M)

Retained capital not read

Balance sheet Net debt against an operating loss, $171M

FUL H. B. Fuller Company

We are a leading worldwide formulator, manufacturer and marketer of adhesives, sealants and other specialty chemical products.

Owner earnings 2016–2025 $132M$111M$185M$207M$244M$117M$127M$259M$163M$121M

Retained capital Retained $841M of earnings over 2016–2025; annual owner earnings grew $38M, $0.05 per $1 retained.

Balance sheet Heavy net debt, $1.9B · buybacks at an average near $64.31 · dividend paid 10 of 10 yrs, never cut

FULT Fulton Financial

A balance-sheet business, read on book value, net interest margin and credit losses rather than an earnings multiple.

Owner earnings not applied to a balance-sheet business

Retained capital not applied to a balance-sheet business

Balance sheet a balance-sheet business; the net-cash read is not applied

FULTP Fulton Financial Corporation

A balance-sheet business, read on book value, net interest margin and credit losses rather than an earnings multiple.

Owner earnings not applied to a balance-sheet business

Retained capital not applied to a balance-sheet business

Balance sheet a balance-sheet business; the net-cash read is not applied

FUN Cedar Fair

Cedar Fair is North America's largest regional amusement park operator with 26 amusement parks, 15 separately gated water parks and nine resort properties.

Owner earnings 2022–2025 $224M$168M$53M($152M)

Retained capital Paid out $1.4B more than it earned over 2022–2025; annual owner earnings fell $126M.

Balance sheet Net debt against an operating loss, $5.1B

FVR FrontView REIT Inc.

FrontView is an internally-managed net-lease real estate investment trust that is experienced in acquiring, owning and managing properties with frontage that are net leased to a diversified group of tenants.

Owner earnings not applied to a balance-sheet business

Retained capital not applied to a balance-sheet business

Balance sheet a balance-sheet business; the net-cash read is not applied

FWDI Forward Industries Inc.

Forward Industries Inc. provides hardware and software product design and engineering services to customers predominantly located in the U.S.

Owner earnings 2012–2025 ($11M)($138K)$901K($2M)($331K)($596K)$1M$905K$455K($5M)

Retained capital not read

Balance sheet Net cash, +$38M

FWONA Liberty Media Corporation

Liberty Media Corporation, through its subsidiaries, is primarily engaged in the motorsport and live entertainment industries with events held worldwide and operations primarily headquartered in the United Kingdom and Spain.

Owner earnings 2016–2025 $1.8B$1.2B$1.8B$1.8B$1.3B$2.0B$2.2B$2.0B$492M$789M

Retained capital Retained $897M of earnings over 2016–2025; annual owner earnings fell $500M, $-0.56 per $1 retained.

Balance sheet Heavy net debt, $4.0B

FWONK Liberty Media Corporation

Owner earnings 2016–2025 $1.8B$1.2B$1.8B$1.8B$1.3B$2.0B$2.2B$2.0B$492M$789M

Retained capital Retained $897M of earnings over 2016–2025; annual owner earnings fell $500M, $-0.56 per $1 retained.

Balance sheet Heavy net debt, $4.0B

FWRD Forward Air Corporation

Forward Air Corporation is a leading asset-light provider of transportation services.

Owner earnings 2016–2025 $88M$65M$113M$137M$76M$82M$211M$168M($106M)$15M

Retained capital Paid out $770M more than it earned over 2016–2025; annual owner earnings fell $63M.

Balance sheet Heavy net debt, $1.6B · dividend paid 8 of 10 yrs, cut at least once

FWRG First Watch Restaurant Group Inc.

Revenue is In-restaurant dining sales (80%), Third-party delivery sales (12%) and Take-out sales (7%).

Owner earnings 2019–2025 ($7M)($45M)$28M$29M$54M$58M$51M

Retained capital Paid out $27M more than it earned over 2019–2025; annual owner earnings grew $62M.

Balance sheet Heavy net debt, $261M

The same four lines for every company, in strict ticker order; a figure that could not be read renders as "not read," never as a mark against the record beside it. The entries carry no ranking and form no score. What an entry cannot carry — understanding of the business, and a price — is yours.