{"metrics_version":1,"generated_at":"2026-10-15T09:47:21+00:00","fiscal_year":2025,"criteria":"Quality Score (methodology v3) over a 10-year window ending FY2025: return on invested capital (30, blended 60/40 with the company's industry percentile), durability through the cycle (20), cash conversion (20), balance-sheet strength (15) and capital discipline (15); revenue >= $1B; ties broken by revenue","disclaimer":"Heuristic screen, not investment advice.","companies":[{"name":"SEI INVESTMENTS CO","tickers":["SEIC"],"cik":350894,"buffett_score":98.6,"score_return_on_capital":30.0,"score_durability":18.82,"score_cash_conversion":20.0,"score_balance_sheet":null,"score_capital_discipline":15.0,"score_basis":85,"roic_median":0.3774,"coverage":0.85,"industry_percentile":1.0,"peer_group_size":22,"window_years":10,"revenue":2297381000.0,"flags":[{"code":"guarded_years","message":"1 year(s) had revenue but no usable ROIC"}],"close":105.2699966430664,"close_date":"2026-10-14","market_cap":12869060445.261139,"fcf_yield":0.045459262740150164,"pe":17.991011450026406,"margin_of_safety":-0.6366408350297199,"value_score":18},{"name":"APPLIED MATERIALS INC /DE","tickers":["AMAT"],"cik":6951,"buffett_score":96.7,"score_return_on_capital":29.7,"score_durability":17.99,"score_cash_conversion":19.06,"score_balance_sheet":15.0,"score_capital_discipline":15.0,"score_basis":100,"roic_median":0.3863,"coverage":1.0,"industry_percentile":0.9749,"peer_group_size":200,"window_years":10,"revenue":28368000000.0,"flags":[],"close":446.6300048828125,"close_date":"2026-10-14","market_cap":354152299428.3738,"fcf_yield":0.016089123264756335,"pe":50.607644959756186,"margin_of_safety":-6.503353698195654,"value_score":0},{"name":"LAM RESEARCH CORP","tickers":["LRCX"],"cik":707549,"buffett_score":96.4,"score_return_on_capital":29.51,"score_durability":16.9,"score_cash_conversion":20.0,"score_balance_sheet":15.0,"score_capital_discipline":15.0,"score_basis":100,"roic_median":0.3827,"coverage":1.0,"industry_percentile":0.9592,"peer_group_size":148,"window_years":10,"revenue":18435591000.0,"flags":[],"close":286.9200134277344,"close_date":"2026-10-14","market_cap":359029038122.406,"fcf_yield":0.013623555424874562,"pe":49.41630684995092,"margin_of_safety":-3.5205629188920247,"value_score":0},{"name":"Grand Canyon Education, Inc.","tickers":["LOPE"],"cik":1434588,"buffett_score":96.4,"score_return_on_capital":29.29,"score_durability":17.4,"score_cash_conversion":20.0,"score_balance_sheet":14.66,"score_capital_discipline":15.0,"score_basis":100,"roic_median":0.2566,"coverage":1.0,"industry_percentile":0.9412,"peer_group_size":35,"window_years":10,"revenue":1106070000.0,"flags":[{"code":"balance_sheet_estimated","message":"debt proxied by noncurrent liabilities (leases counted as debt, plus pensions and deferred items), not a tagged figure"}],"close":160.22999572753906,"close_date":"2026-10-14","market_cap":4349195518.450653,"fcf_yield":0.05487175708417344,"pe":20.119329779574656,"margin_of_safety":-1.2429997106444581,"value_score":23},{"name":"Apple Inc.","tickers":["AAPL"],"cik":320193,"buffett_score":96.1,"score_return_on_capital":29.84,"score_durability":17.74,"score_cash_conversion":20.0,"score_balance_sheet":13.52,"score_capital_discipline":15.0,"score_basis":100,"roic_median":0.5016,"coverage":1.0,"industry_percentile":0.9864,"peer_group_size":148,"window_years":10,"revenue":416161000000.0,"flags":[],"close":342.9599914550781,"close_date":"2026-10-14","market_cap":5067697898617.218,"fcf_yield":0.019489520088983553,"pe":45.24326308916363,"margin_of_safety":-3.3484622596471665,"value_score":0},{"name":"ADOBE INC.","tickers":["ADBE"],"cik":796343,"buffett_score":96.1,"score_return_on_capital":29.39,"score_durability":17.88,"score_cash_conversion":20.0,"score_balance_sheet":14.97,"score_capital_discipline":13.85,"score_basis":100,"roic_median":0.3391,"coverage":1.0,"industry_percentile":0.9494,"peer_group_size":475,"window_years":10,"revenue":23769000000.0,"flags":[],"close":240.67999267578125,"close_date":"2026-10-14","market_cap":98799136993.4082,"fcf_yield":0.09971747021087154,"pe":13.85682145770101,"margin_of_safety":0.07999547727907386,"value_score":44},{"name":"SMITH A O CORP","tickers":["AOS"],"cik":91142,"buffett_score":96.0,"score_return_on_capital":29.34,"score_durability":17.43,"score_cash_conversion":19.27,"score_balance_sheet":14.97,"score_capital_discipline":15.0,"score_basis":100,"roic_median":0.2638,"coverage":1.0,"industry_percentile":0.9447,"peer_group_size":200,"window_years":9,"revenue":3830200000.0,"flags":[{"code":"short_window","message":"only 9 of 10 years available"}]},{"name":"NetApp, Inc.","tickers":["NTAP"],"cik":1002047,"buffett_score":95.9,"score_return_on_capital":29.76,"score_durability":16.18,"score_cash_conversion":20.0,"score_balance_sheet":15.0,"score_capital_discipline":15.0,"score_basis":100,"roic_median":0.4705,"coverage":1.0,"industry_percentile":0.9796,"peer_group_size":148,"window_years":10,"revenue":6572000000.0,"flags":[],"close":222.1999969482422,"close_date":"2026-10-14","market_cap":43533407181.49983,"fcf_yield":0.04293254585398634,"pe":34.117090267633095,"margin_of_safety":-0.9854798482543647,"value_score":10},{"name":"WATERS CORP /DE/","tickers":["WAT"],"cik":1000697,"buffett_score":95.6,"score_return_on_capital":29.72,"score_durability":17.92,"score_cash_conversion":20.0,"score_balance_sheet":13.58,"score_capital_discipline":14.43,"score_basis":100,"roic_median":0.3434,"coverage":1.0,"industry_percentile":0.9764,"peer_group_size":213,"window_years":10,"revenue":3165286000.0,"flags":[],"close":436.6099853515625,"close_date":"2026-10-14","market_cap":42832256460.270874,"fcf_yield":0.012602884942582972,"pe":66.65160840900562,"margin_of_safety":-6.595749510020592,"value_score":0},{"name":"Monster Beverage Corp","tickers":["MNST"],"cik":865752,"buffett_score":95.3,"score_return_on_capital":29.3,"score_durability":17.51,"score_cash_conversion":18.51,"score_balance_sheet":15.0,"score_capital_discipline":15.0,"score_basis":100,"roic_median":0.32,"coverage":1.0,"industry_percentile":0.942,"peer_group_size":70,"window_years":10,"revenue":8294343000.0,"flags":[],"close":44.220001220703125,"close_date":"2026-10-14","market_cap":86518266103.31628,"fcf_yield":0.022722392490533812,"pe":45.40611583269111,"margin_of_safety":-2.954651214671193,"value_score":0},{"name":"WILLIAMS SONOMA INC","tickers":["WSM"],"cik":719955,"buffett_score":95.0,"score_return_on_capital":30.0,"score_durability":16.76,"score_cash_conversion":19.21,"score_balance_sheet":14.06,"score_capital_discipline":14.95,"score_basis":100,"roic_median":0.3874,"coverage":1.0,"industry_percentile":1.0,"peer_group_size":9,"window_years":9,"revenue":7806816000.0,"flags":[{"code":"balance_sheet_estimated","message":"debt proxied by noncurrent liabilities (leases counted as debt, plus pensions and deferred items), not a tagged figure"},{"code":"short_window","message":"only 9 of 10 years available"}],"close":242.47999572753906,"close_date":"2026-10-14","market_cap":28859011053.02858,"fcf_yield":0.03657266695870497,"pe":26.514176799418415,"margin_of_safety":-1.9826335496926908,"value_score":10},{"name":"ELECTRONIC ARTS INC.","tickers":[],"cik":712515,"buffett_score":95.0,"score_return_on_capital":29.06,"score_durability":17.11,"score_cash_conversion":20.0,"score_balance_sheet":14.33,"score_capital_discipline":14.48,"score_basis":100,"roic_median":0.2668,"coverage":1.0,"industry_percentile":0.9219,"peer_group_size":475,"window_years":10,"revenue":7463000000.0,"flags":[{"code":"balance_sheet_estimated","message":"debt proxied by noncurrent liabilities (leases counted as debt, plus pensions and deferred items), not a tagged figure"}]},{"name":"DOMINOS PIZZA INC","tickers":["DPZ"],"cik":1286681,"buffett_score":95.0,"score_return_on_capital":30.0,"score_durability":19.52,"score_cash_conversion":17.8,"score_balance_sheet":12.66,"score_capital_discipline":15.0,"score_basis":100,"roic_median":0.9581,"coverage":1.0,"industry_percentile":1.0,"peer_group_size":37,"window_years":9,"revenue":4939994000.0,"flags":[{"code":"short_window","message":"only 9 of 10 years available"}],"close":295.8900146484375,"close_date":"2026-10-14","market_cap":9950454825.940796,"fcf_yield":0.06748475439026082,"pe":16.537125938901514,"margin_of_safety":-0.45435430874757476,"value_score":28},{"name":"lululemon athletica inc.","tickers":["LULU"],"cik":1397187,"buffett_score":94.9,"score_return_on_capital":30.0,"score_durability":18.53,"score_cash_conversion":17.29,"score_balance_sheet":15.0,"score_capital_discipline":14.1,"score_basis":100,"roic_median":0.4504,"coverage":1.0,"industry_percentile":1.0,"peer_group_size":17,"window_years":10,"revenue":11102600000.0,"flags":[{"code":"balance_sheet_estimated","message":"debt proxied by noncurrent liabilities (leases counted as debt, plus pensions and deferred items), not a tagged figure"}],"close":94.08999633789062,"close_date":"2026-10-14","market_cap":10395314109.790375,"fcf_yield":0.08866254451435579,"pe":6.582716575463626,"margin_of_safety":0.5499830011273015,"value_score":80},{"name":"GENTEX CORP","tickers":["GNTX"],"cik":355811,"buffett_score":94.9,"score_return_on_capital":27.73,"score_durability":17.46,"score_cash_conversion":19.68,"score_balance_sheet":15.0,"score_capital_discipline":15.0,"score_basis":100,"roic_median":0.2149,"coverage":1.0,"industry_percentile":0.9524,"peer_group_size":85,"window_years":10,"revenue":2534268965.0,"flags":[],"close":20.780000686645508,"close_date":"2026-10-14","market_cap":4476061251.045065,"fcf_yield":0.10233048372451517,"pe":11.630925453617008,"margin_of_safety":-0.38371514074605395,"value_score":54},{"name":"MANHATTAN ASSOCIATES INC","tickers":["MANH"],"cik":1056696,"buffett_score":94.7,"score_return_on_capital":29.95,"score_durability":15.94,"score_cash_conversion":20.0,"score_balance_sheet":null,"score_capital_discipline":14.63,"score_basis":85,"roic_median":1.7952,"coverage":0.85,"industry_percentile":0.9958,"peer_group_size":475,"window_years":10,"revenue":1081392000.0,"flags":[{"code":"floor_bound","message":"ROIC is driven by the revenue floor in most years"}],"close":220.0399932861328,"close_date":"2026-10-14","market_cap":13168854060.111511,"fcf_yield":0.02840133228698207,"pe":59.87257924651059,"margin_of_safety":-3.101594610542116,"value_score":0},{"name":"VERISIGN INC/CA","tickers":["VRSN"],"cik":1014473,"buffett_score":94.5,"score_return_on_capital":30.0,"score_durability":18.37,"score_cash_conversion":20.0,"score_balance_sheet":11.11,"score_capital_discipline":15.0,"score_basis":100,"roic_median":3.0,"coverage":1.0,"industry_percentile":1.0,"peer_group_size":475,"window_years":10,"revenue":1656600000.0,"flags":[{"code":"balance_sheet_estimated","message":"debt proxied by noncurrent liabilities (leases counted as debt, plus pensions and deferred items), not a tagged figure"},{"code":"floor_bound","message":"ROIC is driven by the revenue floor in most years"}],"close":301.4100036621094,"close_date":"2026-10-14","market_cap":27639297335.81543,"fcf_yield":0.03865148911060341,"pe":33.4737765966034,"margin_of_safety":-2.4032130693650555,"value_score":10},{"name":"AUTOMATIC DATA PROCESSING INC","tickers":["ADP"],"cik":8670,"buffett_score":94.4,"score_return_on_capital":29.49,"score_durability":18.17,"score_cash_conversion":20.0,"score_balance_sheet":15.0,"score_capital_discipline":11.75,"score_basis":100,"roic_median":0.3857,"coverage":1.0,"industry_percentile":0.9578,"peer_group_size":475,"window_years":10,"revenue":20560900000.0,"flags":[{"code":"guarded_years","message":"1 year(s) had revenue but no usable ROIC"}],"close":280.32000732421875,"close_date":"2026-10-14","market_cap":111360693345.47919,"fcf_yield":null,"pe":25.23183263747121,"margin_of_safety":-0.46758435661859443,"value_score":0},{"name":"VISA INC.","tickers":["V"],"cik":1403161,"buffett_score":94.3,"score_return_on_capital":28.19,"score_durability":17.48,"score_cash_conversion":20.0,"score_balance_sheet":13.58,"score_capital_discipline":15.0,"score_basis":100,"roic_median":0.236,"coverage":1.0,"industry_percentile":0.903,"peer_group_size":475,"window_years":10,"revenue":40000000000.0,"flags":[]},{"name":"ROSS STORES, INC.","tickers":["ROST"],"cik":745732,"buffett_score":94.3,"score_return_on_capital":30.0,"score_durability":18.79,"score_cash_conversion":16.4,"score_balance_sheet":14.12,"score_capital_discipline":15.0,"score_basis":100,"roic_median":0.4655,"coverage":1.0,"industry_percentile":1.0,"peer_group_size":25,"window_years":10,"revenue":22750559000.0,"flags":[{"code":"guarded_years","message":"4 year(s) had revenue but no usable ROIC"}],"close":230.57000732421875,"close_date":"2026-10-14","market_cap":74325808584.16168,"fcf_yield":0.029701769036259446,"pe":34.650015843107035,"margin_of_safety":-2.865645618660528,"value_score":0}]}