# FIX · Comfort Systems USA Inc Snapshot 2026-10-26 · CIK 0001035983 · NYSE · Electrical Work Price 1160.86 (2026-10-23, Alpaca Market Data (consolidated SIP daily bar)) · Market cap 40.61 B Machine-readable: https://theclaudetrader.com/s/FIX.json · index: https://theclaudetrader.com/llms.txt ## Scores ### Graham Defensive: 63.2 (ok) · complete: True · missing tests: none · current inputs as of 2025-12-31 · stale inputs: Revenue · history 2013–2025 · price 2026-10-23 · verification {'verified': 14, 'mismatch': 0, 'unverified': 21, 'not_cross_checked': 2} · computed 2026-10-26 · rules https://theclaudetrader.com/p/graham - 1 Adequate size: 1.83 revenue $B · threshold >= 1 · points 5.0/5 - 2a Current ratio: 1.21 · threshold >= 2.0 · points 3.2/15 - 2b Long-term debt vs working capital: 0.05 LTD / WC · threshold <= 1.0 · points 15.0/15 - 3 Positive earnings each of 10 years: 10 of 10 · threshold 10 of 10 · points 15.0/15 - 4 Dividends every year for 20 years: 20 of 20 · threshold 20 of 20 · points 15.0/15 - 5 EPS growth, 3-yr avg now vs 10 yrs ago: 1.21 -> 17.50 (+1346%) · threshold >= +33% · points 10.0/10 - 6 P/E on 3-year average EPS: 66.3 · threshold <= 15 · points 0.0/15 - 7 P/B <= 1.5, or P/E x P/B <= 22.5: P/B 12.62, product 837.5 · threshold <= 1.5 or <= 22.5 · points 0.0/10 Inputs: - Price (close, per traded unit): 1160.86 · 2026-10-23 · Alpaca Market Data (consolidated SIP daily bar) · https://docs.alpaca.markets/docs/historical-stock-data-1 - Revenue: 1831286000.0 · 2025-12-31 · SEC XBRL Revenues · https://www.sec.gov/Archives/edgar/data/1035983/000110465926047689/ · unverified - current_assets: 5788402000.0 · 2026-06-30 · SEC XBRL AssetsCurrent · https://www.sec.gov/Archives/edgar/data/1035983/000110465926086258/ · unverified - current_liabilities: 4768764000.0 · 2026-06-30 · SEC XBRL LiabilitiesCurrent · https://www.sec.gov/Archives/edgar/data/1035983/000110465926086258/ · unverified - lt_debt: 53849000.0 · 2026-06-30 · SEC XBRL LongTermDebtNoncurrent · https://www.sec.gov/Archives/edgar/data/1035983/000110465926086258/ · unverified - equity: 3217269000.0 · 2026-06-30 · SEC XBRL StockholdersEquity · https://www.sec.gov/Archives/edgar/data/1035983/000110465926086258/ · unverified - Net income FY2016: 64896000.0 · 2016-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1035983/000155837019000857/ · unverified - Net income FY2017: 55272000.0 · 2017-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1035983/000155837020001491/ · unverified - Net income FY2018: 112903000.0 · 2018-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1035983/000155837021001828/ · unverified - Net income FY2019: 114324000.0 · 2019-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1035983/000155837022001753/ · unverified - Net income FY2020: 150139000.0 · 2020-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1035983/000155837023001757/ · unverified - Net income FY2021: 143348000.0 · 2021-12-31 · SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001308179-26-000245) · https://www.sec.gov/Archives/edgar/data/1035983/000155837024001529/ · unverified - Net income FY2022: 245947000.0 · 2022-12-31 · SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001308179-26-000245) · https://www.sec.gov/Archives/edgar/data/1035983/000155837025001222/ · unverified - Net income FY2023: 323398000.0 · 2023-12-31 · SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001308179-26-000245) · https://www.sec.gov/Archives/edgar/data/1035983/000110465926017530/ · unverified - Net income FY2024: 522433000.0 · 2024-12-31 · SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001308179-26-000245) · https://www.sec.gov/Archives/edgar/data/1035983/000110465926017530/ · unverified - Net income FY2025: 1022558000.0 · 2025-12-31 · SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001308179-26-000245) · https://www.sec.gov/Archives/edgar/data/1035983/000110465926017530/ · unverified - Dividend years (Yahoo): [2005, 2006, 2007, 2008, 2009, 2010, 2011, 2012, 2013, 2014, 2015, 2016, 2017, 2018, 2019, 2020, 2021, 2022, 2023, 2024, 2025, 2026] · · Yahoo Finance dividend history · https://finance.yahoo.com/quote/FIX/history?filter=div · verified (partly: XBRL covers 13 of 20 years) - Dividends per share FY2013 (XBRL): 0.21 · 2013-12-31 · SEC XBRL CommonStockDividendsPerShareDeclared · https://www.sec.gov/Archives/edgar/data/1035983/000104746916010332/ · verified - Dividends per share FY2014 (XBRL): 0.225 · 2014-12-31 · SEC XBRL CommonStockDividendsPerShareDeclared · https://www.sec.gov/Archives/edgar/data/1035983/000155837017000882/ · verified - Dividends per share FY2015 (XBRL): 0.25 · 2015-12-31 · SEC XBRL CommonStockDividendsPerShareDeclared · https://www.sec.gov/Archives/edgar/data/1035983/000155837018000936/ · verified - Dividends per share FY2016 (XBRL): 0.275 · 2016-12-31 · SEC XBRL CommonStockDividendsPerShareDeclared · https://www.sec.gov/Archives/edgar/data/1035983/000155837019000857/ · verified - Dividends per share FY2017 (XBRL): 0.295 · 2017-12-31 · SEC XBRL CommonStockDividendsPerShareDeclared · https://www.sec.gov/Archives/edgar/data/1035983/000155837020001491/ · verified - Dividends per share FY2018 (XBRL): 0.33 · 2018-12-31 · SEC XBRL CommonStockDividendsPerShareDeclared · https://www.sec.gov/Archives/edgar/data/1035983/000155837021001828/ · verified - Dividends per share FY2019 (XBRL): 0.395 · 2019-12-31 · SEC XBRL CommonStockDividendsPerShareDeclared · https://www.sec.gov/Archives/edgar/data/1035983/000155837022001753/ · verified - Dividends per share FY2020 (XBRL): 0.425 · 2020-12-31 · SEC XBRL CommonStockDividendsPerShareDeclared · https://www.sec.gov/Archives/edgar/data/1035983/000155837023001757/ · verified - Dividends per share FY2021 (XBRL): 0.48 · 2021-12-31 · SEC XBRL CommonStockDividendsPerShareDeclared · https://www.sec.gov/Archives/edgar/data/1035983/000155837024001529/ · verified - Dividends per share FY2022 (XBRL): 0.56 · 2022-12-31 · SEC XBRL CommonStockDividendsPerShareDeclared · https://www.sec.gov/Archives/edgar/data/1035983/000155837025001222/ · verified - Dividends per share FY2023 (XBRL): 0.85 · 2023-12-31 · SEC XBRL CommonStockDividendsPerShareDeclared · https://www.sec.gov/Archives/edgar/data/1035983/000110465926017530/ · verified - Dividends per share FY2024 (XBRL): 1.2 · 2024-12-31 · SEC XBRL CommonStockDividendsPerShareDeclared · https://www.sec.gov/Archives/edgar/data/1035983/000110465926017530/ · verified - Dividends per share FY2025 (XBRL): 1.95 · 2025-12-31 · SEC XBRL CommonStockDividendsPerShareDeclared · https://www.sec.gov/Archives/edgar/data/1035983/000110465926017530/ · verified - EPS diluted FY2014: 0.61 · 2014-12-31 · SEC XBRL EarningsPerShareDiluted · https://www.sec.gov/Archives/edgar/data/1035983/000155837017000882/ · unverified - EPS diluted FY2015: 1.3 · 2015-12-31 · SEC XBRL EarningsPerShareDiluted · https://www.sec.gov/Archives/edgar/data/1035983/000155837018000936/ · unverified - EPS diluted FY2016: 1.72 · 2016-12-31 · SEC XBRL EarningsPerShareDiluted · https://www.sec.gov/Archives/edgar/data/1035983/000155837019000857/ · unverified - EPS diluted FY2023: 9.01 · 2023-12-31 · SEC XBRL EarningsPerShareDiluted · https://www.sec.gov/Archives/edgar/data/1035983/000110465926017530/ · unverified - EPS diluted FY2024: 14.6 · 2024-12-31 · SEC XBRL EarningsPerShareDiluted · https://www.sec.gov/Archives/edgar/data/1035983/000110465926017530/ · unverified - EPS diluted FY2025: 28.88 · 2025-12-31 · SEC XBRL EarningsPerShareDiluted · https://www.sec.gov/Archives/edgar/data/1035983/000110465926017530/ · unverified - Shares outstanding: 34985904.0 · 2026-10-16 · SEC cover page 10-Q 0001104659-26-118159 (34,985,904 shares (single class on cover)); filing document https://www.sec.gov/Archives/edgar/data/1035983/000110465926118159/fix-20260930x10q.htm · https://www.sec.gov/Archives/edgar/data/1035983/000110465926118159/R1.htm ### Magic Formula: 32.2 (ok) · complete: True · missing tests: none · current inputs as of 2026-03-31 · stale inputs: operating_income_q · history None–None · price 2026-10-23 · verification None · computed 2026-10-26 · rules https://theclaudetrader.com/p/magic_formula - Earnings yield (EBIT/EV): 2.55 % · threshold · points / - Return on capital (EBIT/(NWC+PPE)): 59.13 % · threshold · points / - Combined rank: 232 · threshold · points / Inputs: - operating_income: 209098000.0 · 2025-12-31 · SEC XBRL OperatingIncomeLoss · https://www.sec.gov/Archives/edgar/data/1035983/000110465926047689/ - operating_income_q: 485718000.0 · 2026-03-31 · SEC XBRL OperatingIncomeLoss (quarter CY2026Q1) · https://www.sec.gov/Archives/edgar/data/1035983/000110465926047689/ - operating_income_q: 209098000.0 · 2025-03-31 · SEC XBRL OperatingIncomeLoss (quarter CY2025Q1) · https://www.sec.gov/Archives/edgar/data/1035983/000110465926047689/ - operating_income_q: 557966000.0 · 2026-06-30 · SEC XBRL OperatingIncomeLoss (quarter CY2026Q2) · https://www.sec.gov/Archives/edgar/data/1035983/000110465926086258/ - operating_income_q: 299873000.0 · 2025-06-30 · SEC XBRL OperatingIncomeLoss (quarter CY2025Q2) · https://www.sec.gov/Archives/edgar/data/1035983/000110465926086258/ - operating_income_q: 624570000.0 · 2026-09-30 · SEC XBRL OperatingIncomeLoss (quarter CY2026Q3) · https://www.sec.gov/Archives/edgar/data/1035983/000110465926118159/ - operating_income_q: 378874000.0 · 2025-09-30 · SEC XBRL OperatingIncomeLoss (quarter CY2025Q3) · https://www.sec.gov/Archives/edgar/data/1035983/000110465926118159/ - current_assets: 5788402000.0 · 2026-06-30 · SEC XBRL AssetsCurrent · https://www.sec.gov/Archives/edgar/data/1035983/000110465926086258/ - current_liabilities: 4768764000.0 · 2026-06-30 · SEC XBRL LiabilitiesCurrent · https://www.sec.gov/Archives/edgar/data/1035983/000110465926086258/ - cash: 1854794000.0 · 2026-06-30 · SEC XBRL CashAndCashEquivalentsAtCarryingValue · https://www.sec.gov/Archives/edgar/data/1035983/000110465926086258/ - ppe_net: 653873000.0 · 2026-06-30 · SEC XBRL PropertyPlantAndEquipmentNet · https://www.sec.gov/Archives/edgar/data/1035983/000110465926086258/ - debt_incl_current: 54064000.0 · 2026-06-30 · SEC XBRL LongTermDebt · https://www.sec.gov/Archives/edgar/data/1035983/000110465926086258/ - shares_out: 34985904.0 · 2026-10-16 · SEC cover page 10-Q 0001104659-26-118159 (34,985,904 shares (single class on cover)); filing document https://www.sec.gov/Archives/edgar/data/1035983/000110465926118159/fix-20260930x10q.htm · https://www.sec.gov/Archives/edgar/data/1035983/000110465926118159/R1.htm - Price (close): 1160.86 · 2026-10-23 · Yahoo Finance / Alpaca Market Data · - note: debt = LongTermDebt (incl. current maturities) · · · ### Momentum: 57.9 (ok) · complete: True · missing tests: none · current inputs as of 2026-10-23 · stale inputs: none · history None–None · price 2026-10-23 · verification None · computed 2026-10-26 · rules https://theclaudetrader.com/p/momentum - 12-1 month return: 97.5 % · threshold · points 47.6/50 - 6 month return: -34.5 % · threshold · points 0.4/20 - Price / 52-week high: 0.562 · threshold · points 8.4/15 - Volatility penalty (60d annualised): 53.0 % · threshold · points 1.5/15 Inputs: - Adjusted close series (14 months): 1160.86 · 2026-10-23 · Yahoo Finance / Alpaca Market Data daily history · ### Insider: 0.0 (ok) · complete: True · missing tests: none · current inputs as of 2026-10-23 · stale inputs: none · history None–None · price None · verification None · computed 2026-10-26 · rules https://theclaudetrader.com/p/insider - Open-market buy value / market cap (percentile among buyers): 0.0 bp · threshold · points 0.0/35 - Distinct buyers: 0 · threshold · points 0.0/25 - Buyer seniority: 0.0 · threshold · points 0.0/20 - Recency (half-life 30d): 0.0 · threshold · points 0.0/10 - Sales penalty (excludes 10b5-1 plan sales): 10.64 bp · threshold · points -9.6/0 Inputs: - Form 4 S Lane Brian E. 2026-08-26: 25769957.04 · 2026-08-26 · SEC Form 4 (insider transactions data set) · https://www.sec.gov/Archives/edgar/data/1035983/000144824026000019/ - Form 4 S GEORGE WILLIAM III 2026-08-17: 4749546.100000001 · 2026-08-17 · SEC Form 4 (insider transactions data set) · https://www.sec.gov/Archives/edgar/data/1035983/000120507326000013/ - Form 4 S MYERS FRANKLIN 2026-08-11: 6775680.0 · 2026-08-11 · SEC Form 4 (insider transactions data set) · https://www.sec.gov/Archives/edgar/data/1035983/000120700226000015/ - Form 4 S MYERS FRANKLIN 2026-08-10: 5916645.0 · 2026-08-10 · SEC Form 4 (insider transactions data set) · https://www.sec.gov/Archives/edgar/data/1035983/000120700226000015/ ### Buffett Quality: 75.4 (ok) · complete: True · missing tests: none · current inputs as of 2026-06-30 · stale inputs: none · history 2016–2025 · price 2026-10-23 · verification {'verified': 0, 'mismatch': 0, 'unverified': 47, 'not_cross_checked': 2} · computed 2026-10-26 · rules https://theclaudetrader.com/p/buffett - 1 Average return on equity (net income / year-end equity): 25.5% over 8 yrs · threshold >= 15% · points 25.0/25 - 2 Profitable every year: 10 of 10 · threshold all years · points 15.0/15 - 3 Net income growth, 3-yr average now vs start of window: +34.6% a year · threshold >= +10% · points 10.0/10 - 4 Borrowings / 3-yr average earnings (years to repay): 0.1 years · threshold <= 4 · points 15.0/15 - 5 Operating margin, 5-yr average: 8.5% · threshold >= 20% · points 0.4/10 - 6 Free cash flow / net income, 5-yr (operating cash flow minus capex): 1.21 · threshold >= 1.0 · points 10.0/10 - 7 Owner-earnings yield (3-yr avg free cash flow / market cap): 1.9% · threshold >= 7% · points 0.0/15 Inputs: - Price (close, per traded unit): 1160.86 · 2026-10-23 · Alpaca Market Data (consolidated SIP daily bar) · https://docs.alpaca.markets/docs/historical-stock-data-1 - Net income FY2018: 112903000.0 · 2018-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1035983/000155837021001828/ · unverified - Equity at FY2018 end: 498047000.0 · 2018-12-31 · SEC XBRL StockholdersEquity · https://www.sec.gov/Archives/edgar/data/1035983/000155837022001753/ · unverified - Net income FY2019: 114324000.0 · 2019-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1035983/000155837022001753/ · unverified - Equity at FY2019 end: 585304000.0 · 2019-12-31 · SEC XBRL StockholdersEquity · https://www.sec.gov/Archives/edgar/data/1035983/000155837023001757/ · unverified - Net income FY2020: 150139000.0 · 2020-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1035983/000155837023001757/ · unverified - Equity at FY2020 end: 696429000.0 · 2020-12-31 · SEC XBRL StockholdersEquity · https://www.sec.gov/Archives/edgar/data/1035983/000155837024001529/ · unverified - Net income FY2021: 143348000.0 · 2021-12-31 · SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001308179-26-000245) · https://www.sec.gov/Archives/edgar/data/1035983/000155837024001529/ · unverified - Equity at FY2021 end: 805666000.0 · 2021-12-31 · SEC XBRL StockholdersEquity · https://www.sec.gov/Archives/edgar/data/1035983/000155837025001222/ · unverified - Net income FY2022: 245947000.0 · 2022-12-31 · SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001308179-26-000245) · https://www.sec.gov/Archives/edgar/data/1035983/000155837025001222/ · unverified - Equity at FY2022 end: 999923000.0 · 2022-12-31 · SEC XBRL StockholdersEquity · https://www.sec.gov/Archives/edgar/data/1035983/000110465926017530/ · unverified - Net income FY2023: 323398000.0 · 2023-12-31 · SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001308179-26-000245) · https://www.sec.gov/Archives/edgar/data/1035983/000110465926017530/ · unverified - Equity at FY2023 end: 1277829000.0 · 2023-12-31 · SEC XBRL StockholdersEquity · https://www.sec.gov/Archives/edgar/data/1035983/000110465926017530/ · unverified - Net income FY2024: 522433000.0 · 2024-12-31 · SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001308179-26-000245) · https://www.sec.gov/Archives/edgar/data/1035983/000110465926017530/ · unverified - Equity at FY2024 end: 1704676000.0 · 2024-12-31 · SEC XBRL StockholdersEquity · https://www.sec.gov/Archives/edgar/data/1035983/000110465926118159/ · unverified - Net income FY2025: 1022558000.0 · 2025-12-31 · SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001308179-26-000245) · https://www.sec.gov/Archives/edgar/data/1035983/000110465926017530/ · unverified - Equity at FY2025 end: 2448774000.0 · 2025-12-31 · SEC XBRL StockholdersEquity · https://www.sec.gov/Archives/edgar/data/1035983/000110465926086258/ · unverified - Net income FY2016: 64896000.0 · 2016-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1035983/000155837019000857/ · unverified - Net income FY2017: 55272000.0 · 2017-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1035983/000155837020001491/ · unverified - Net income FY2018: 112903000.0 · 2018-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1035983/000155837021001828/ · unverified - Net income FY2019: 114324000.0 · 2019-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1035983/000155837022001753/ · unverified - Net income FY2020: 150139000.0 · 2020-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1035983/000155837023001757/ · unverified - Net income FY2021: 143348000.0 · 2021-12-31 · SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001308179-26-000245) · https://www.sec.gov/Archives/edgar/data/1035983/000155837024001529/ · unverified - Net income FY2022: 245947000.0 · 2022-12-31 · SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001308179-26-000245) · https://www.sec.gov/Archives/edgar/data/1035983/000155837025001222/ · unverified - Net income FY2023: 323398000.0 · 2023-12-31 · SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001308179-26-000245) · https://www.sec.gov/Archives/edgar/data/1035983/000110465926017530/ · unverified - Net income FY2024: 522433000.0 · 2024-12-31 · SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001308179-26-000245) · https://www.sec.gov/Archives/edgar/data/1035983/000110465926017530/ · unverified - Net income FY2025: 1022558000.0 · 2025-12-31 · SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001308179-26-000245) · https://www.sec.gov/Archives/edgar/data/1035983/000110465926017530/ · unverified - debt_incl_current: 54064000.0 · 2026-06-30 · SEC XBRL LongTermDebt · https://www.sec.gov/Archives/edgar/data/1035983/000110465926086258/ · unverified - Operating income FY2021: 188438000.0 · 2021-12-31 · SEC XBRL OperatingIncomeLoss · https://www.sec.gov/Archives/edgar/data/1035983/000155837024001529/ · unverified - Revenue FY2021: 3073636000.0 · 2021-12-31 · SEC XBRL Revenues · https://www.sec.gov/Archives/edgar/data/1035983/000155837024001529/ · unverified - Operating income FY2022: 253849000.0 · 2022-12-31 · SEC XBRL OperatingIncomeLoss · https://www.sec.gov/Archives/edgar/data/1035983/000155837025001222/ · unverified - Revenue FY2022: 4140364000.0 · 2022-12-31 · SEC XBRL Revenues · https://www.sec.gov/Archives/edgar/data/1035983/000155837025001222/ · unverified - Operating income FY2023: 418388000.0 · 2023-12-31 · SEC XBRL OperatingIncomeLoss · https://www.sec.gov/Archives/edgar/data/1035983/000110465926017530/ · unverified - Revenue FY2023: 5206760000.0 · 2023-12-31 · SEC XBRL Revenues · https://www.sec.gov/Archives/edgar/data/1035983/000110465926017530/ · unverified - Operating income FY2024: 749369000.0 · 2024-12-31 · SEC XBRL OperatingIncomeLoss · https://www.sec.gov/Archives/edgar/data/1035983/000110465926017530/ · unverified - Revenue FY2024: 7027476000.0 · 2024-12-31 · SEC XBRL Revenues · https://www.sec.gov/Archives/edgar/data/1035983/000110465926017530/ · unverified - Operating income FY2025: 209098000.0 · 2025-12-31 · SEC XBRL OperatingIncomeLoss · https://www.sec.gov/Archives/edgar/data/1035983/000110465926047689/ · unverified - Revenue FY2025: 1831286000.0 · 2025-12-31 · SEC XBRL Revenues · https://www.sec.gov/Archives/edgar/data/1035983/000110465926047689/ · unverified - Operating cash flow FY2021: 180151000.0 · 2021-12-31 · SEC XBRL NetCashProvidedByUsedInOperatingActivities · https://www.sec.gov/Archives/edgar/data/1035983/000155837024001529/ · unverified - Capital expenditure FY2021: 22330000.0 · 2021-12-31 · SEC XBRL PaymentsToAcquirePropertyPlantAndEquipment · https://www.sec.gov/Archives/edgar/data/1035983/000155837024001529/ · unverified ### Lynch GARP: 75.1 (ok) · complete: True · missing tests: none · current inputs as of 2026-06-30 · stale inputs: none · history 2020–2025 · price 2026-10-23 · verification {'verified': 0, 'mismatch': 0, 'unverified': 5, 'not_cross_checked': 1} · computed 2026-10-26 · rules https://theclaudetrader.com/p/lynch - 1 PEG: P/E divided by 5-yr EPS growth (in % points): 0.84 · threshold <= 1.0 · points 30.0/30 - 2 EPS growth, 5-yr compound rate: +47.8% a year · threshold 12% to 35% a year · points 9.7/20 - 3 P/E on latest annual EPS: 40.2 · threshold <= 25 · points 0.0/10 - 4 Borrowings / equity: 0.02 · threshold <= 0.5 · points 15.0/15 - 5 Years of the last 5 in which EPS rose: 4 of 5 · threshold 5 of 5 · points 12.0/15 - 6 Net cash (cash minus borrowings) / market cap: +4.4% · threshold >= +10% · points 8.4/10 Inputs: - Price (close, per traded unit): 1160.86 · 2026-10-23 · Alpaca Market Data (consolidated SIP daily bar) · https://docs.alpaca.markets/docs/historical-stock-data-1 - EPS diluted FY2025: 28.88 · 2025-12-31 · SEC XBRL EarningsPerShareDiluted · https://www.sec.gov/Archives/edgar/data/1035983/000110465926017530/ · unverified - EPS diluted FY2020: 4.09 · 2020-12-31 · SEC XBRL EarningsPerShareDiluted · https://www.sec.gov/Archives/edgar/data/1035983/000155837023001757/ · unverified - debt_incl_current: 54064000.0 · 2026-06-30 · SEC XBRL LongTermDebt · https://www.sec.gov/Archives/edgar/data/1035983/000110465926086258/ · unverified - equity: 3217269000.0 · 2026-06-30 · SEC XBRL StockholdersEquity · https://www.sec.gov/Archives/edgar/data/1035983/000110465926086258/ · unverified - cash: 1854794000.0 · 2026-06-30 · SEC XBRL CashAndCashEquivalentsAtCarryingValue · https://www.sec.gov/Archives/edgar/data/1035983/000110465926086258/ · unverified ### Graham Enterprising: 56.4 (ok) · complete: True · missing tests: none · current inputs as of 2026-06-30 · stale inputs: none · history 2020–2025 · price 2026-10-23 · verification {'verified': 0, 'mismatch': 0, 'unverified': 12, 'not_cross_checked': 3} · computed 2026-10-26 · rules https://theclaudetrader.com/p/graham_enterprising - 1 Current ratio: 1.21 · threshold >= 1.5 · points 6.4/15 - 2 Borrowings vs working capital: 0.05 x · threshold <= 1.1x · points 15.0/15 - 3 No earnings deficit in the last 5 years: 5 of 5 profitable · threshold 5 of 5 · points 15.0/15 - 4 Pays a current dividend: yes · threshold yes · points 10.0/10 - 5 EPS higher than five years earlier: 4.09 -> 28.88 · threshold higher · points 10.0/10 - 6 Price / book value per share: 12.62 · threshold <= 1.2 · points 0.0/20 - 7 Price / net current asset value per share (current assets minus all liabilities): 78.43 · threshold <= 0.67 · points 0.0/15 Inputs: - Price (close, per traded unit): 1160.86 · 2026-10-23 · Alpaca Market Data (consolidated SIP daily bar) · https://docs.alpaca.markets/docs/historical-stock-data-1 - current_assets: 5788402000.0 · 2026-06-30 · SEC XBRL AssetsCurrent · https://www.sec.gov/Archives/edgar/data/1035983/000110465926086258/ · unverified - current_liabilities: 4768764000.0 · 2026-06-30 · SEC XBRL LiabilitiesCurrent · https://www.sec.gov/Archives/edgar/data/1035983/000110465926086258/ · unverified - debt_incl_current: 54064000.0 · 2026-06-30 · SEC XBRL LongTermDebt · https://www.sec.gov/Archives/edgar/data/1035983/000110465926086258/ · unverified - Net income FY2021: 143348000.0 · 2021-12-31 · SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001308179-26-000245) · https://www.sec.gov/Archives/edgar/data/1035983/000155837024001529/ · unverified - Net income FY2022: 245947000.0 · 2022-12-31 · SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001308179-26-000245) · https://www.sec.gov/Archives/edgar/data/1035983/000155837025001222/ · unverified - Net income FY2023: 323398000.0 · 2023-12-31 · SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001308179-26-000245) · https://www.sec.gov/Archives/edgar/data/1035983/000110465926017530/ · unverified - Net income FY2024: 522433000.0 · 2024-12-31 · SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001308179-26-000245) · https://www.sec.gov/Archives/edgar/data/1035983/000110465926017530/ · unverified - Net income FY2025: 1022558000.0 · 2025-12-31 · SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001308179-26-000245) · https://www.sec.gov/Archives/edgar/data/1035983/000110465926017530/ · unverified - Dividend years (Yahoo): [2019, 2020, 2021, 2022, 2023, 2024, 2025, 2026] · · Yahoo Finance dividend history · https://finance.yahoo.com/quote/FIX/history?filter=div - EPS diluted FY2025: 28.88 · 2025-12-31 · SEC XBRL EarningsPerShareDiluted · https://www.sec.gov/Archives/edgar/data/1035983/000110465926017530/ · unverified - EPS diluted FY2020: 4.09 · 2020-12-31 · SEC XBRL EarningsPerShareDiluted · https://www.sec.gov/Archives/edgar/data/1035983/000155837023001757/ · unverified - equity: 3217269000.0 · 2026-06-30 · SEC XBRL StockholdersEquity · https://www.sec.gov/Archives/edgar/data/1035983/000110465926086258/ · unverified - Shares outstanding: 34985904.0 · 2026-10-16 · SEC cover page 10-Q 0001104659-26-118159 (34,985,904 shares (single class on cover)); filing document https://www.sec.gov/Archives/edgar/data/1035983/000110465926118159/fix-20260930x10q.htm · https://www.sec.gov/Archives/edgar/data/1035983/000110465926118159/R1.htm - liabilities: 5270537000.0 · 2026-06-30 · SEC XBRL Liabilities · https://www.sec.gov/Archives/edgar/data/1035983/000110465926086258/ · unverified ### Piotroski F-Score: 77.8 (ok) · complete: True · missing tests: none · current inputs as of None · stale inputs: none · history 2024–2026 · price None · verification {'verified': 0, 'mismatch': 0, 'unverified': 27, 'not_cross_checked': 0} · computed 2026-10-26 · rules https://theclaudetrader.com/p/piotroski - 1 Return on assets is positive: 15.9% · threshold pass = 1 · points 11.11111111111111/11.11111111111111 - 2 Operating cash flow is positive: 1,186M · threshold pass = 1 · points 11.11111111111111/11.11111111111111 - 3 Return on assets improved on the prior year: 11.1% -> 15.9% · threshold pass = 1 · points 11.11111111111111/11.11111111111111 - 4 Operating cash flow exceeds net income (accruals): 1,186M vs 1,023M · threshold pass = 1 · points 11.11111111111111/11.11111111111111 - 5 Long-term debt / assets fell: 1.3% -> 2.2% · threshold pass = 1 · points 0.0/11.11111111111111 - 6 Current ratio improved: 1.08 -> 1.21 · threshold pass = 1 · points 11.11111111111111/11.11111111111111 - 7 No new shares issued (share count did not rise): 35M -> 35M · threshold pass = 1 · points 11.11111111111111/11.11111111111111 - 8 Operating margin improved (stand-in for gross margin, which the dataset does not carry): 10.7% -> 11.4% · threshold pass = 1 · points 11.11111111111111/11.11111111111111 - 9 Asset turnover (revenue / assets) improved: 1.49 -> 0.28 · threshold pass = 1 · points 0.0/11.11111111111111 Inputs: - net_income 2025-12-31: 1022558000.0 · 2025-12-31 · SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001308179-26-000245) · https://www.sec.gov/Archives/edgar/data/1035983/000110465926017530/ · unverified - total_assets 2025-12-31: 6441169000.0 · 2025-12-31 · SEC XBRL Assets · https://www.sec.gov/Archives/edgar/data/1035983/000110465926086258/ · unverified - cfo 2025-12-31: 1186356000.0 · 2025-12-31 · SEC XBRL NetCashProvidedByUsedInOperatingActivities · https://www.sec.gov/Archives/edgar/data/1035983/000110465926017530/ · unverified - net_income 2025-12-31: 1022558000.0 · 2025-12-31 · SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001308179-26-000245) · https://www.sec.gov/Archives/edgar/data/1035983/000110465926017530/ · unverified - net_income 2024-12-31: 522433000.0 · 2024-12-31 · SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001308179-26-000245) · https://www.sec.gov/Archives/edgar/data/1035983/000110465926017530/ · unverified - total_assets 2025-12-31: 6441169000.0 · 2025-12-31 · SEC XBRL Assets · https://www.sec.gov/Archives/edgar/data/1035983/000110465926086258/ · unverified - total_assets 2024-12-31: 4711088000.0 · 2024-12-31 · SEC XBRL Assets · https://www.sec.gov/Archives/edgar/data/1035983/000110465926017530/ · unverified - cfo 2025-12-31: 1186356000.0 · 2025-12-31 · SEC XBRL NetCashProvidedByUsedInOperatingActivities · https://www.sec.gov/Archives/edgar/data/1035983/000110465926017530/ · unverified - net_income 2025-12-31: 1022558000.0 · 2025-12-31 · SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001308179-26-000245) · https://www.sec.gov/Archives/edgar/data/1035983/000110465926017530/ · unverified - lt_debt 2025-12-31: 139063000.0 · 2025-12-31 · SEC XBRL LongTermDebtNoncurrent · https://www.sec.gov/Archives/edgar/data/1035983/000110465926086258/ · unverified - lt_debt 2024-12-31: 62293000.0 · 2024-12-31 · SEC XBRL LongTermDebtNoncurrent · https://www.sec.gov/Archives/edgar/data/1035983/000110465926017530/ · unverified - total_assets 2025-12-31: 6441169000.0 · 2025-12-31 · SEC XBRL Assets · https://www.sec.gov/Archives/edgar/data/1035983/000110465926086258/ · unverified - total_assets 2024-12-31: 4711088000.0 · 2024-12-31 · SEC XBRL Assets · https://www.sec.gov/Archives/edgar/data/1035983/000110465926017530/ · unverified - current_assets 2025-12-31: 4110553000.0 · 2025-12-31 · SEC XBRL AssetsCurrent · https://www.sec.gov/Archives/edgar/data/1035983/000110465926086258/ · unverified - current_assets 2024-12-31: 2790241000.0 · 2024-12-31 · SEC XBRL AssetsCurrent · https://www.sec.gov/Archives/edgar/data/1035983/000110465926017530/ · unverified - current_liabilities 2025-12-31: 3393850000.0 · 2025-12-31 · SEC XBRL LiabilitiesCurrent · https://www.sec.gov/Archives/edgar/data/1035983/000110465926086258/ · unverified - current_liabilities 2024-12-31: 2582770000.0 · 2024-12-31 · SEC XBRL LiabilitiesCurrent · https://www.sec.gov/Archives/edgar/data/1035983/000110465926017530/ · unverified - shares_out 2026-10-16: 34985904.0 · 2026-10-16 · SEC cover page 10-Q 0001104659-26-118159 (34,985,904 shares (single class on cover)); filing document https://www.sec.gov/Archives/edgar/data/1035983/000110465926118159/fix-20260930x10q.htm · https://www.sec.gov/Archives/edgar/data/1035983/000110465926118159/R1.htm · unverified - shares_out 2025-10-17: 35271950.0 · 2025-10-17 · SEC XBRL EntityCommonStockSharesOutstanding · https://www.sec.gov/Archives/edgar/data/1035983/000110465925101821/ · unverified - operating_income 2025-12-31: 209098000.0 · 2025-12-31 · SEC XBRL OperatingIncomeLoss · https://www.sec.gov/Archives/edgar/data/1035983/000110465926047689/ · unverified - operating_income 2024-12-31: 749369000.0 · 2024-12-31 · SEC XBRL OperatingIncomeLoss · https://www.sec.gov/Archives/edgar/data/1035983/000110465926017530/ · unverified - revenue 2025-12-31: 1831286000.0 · 2025-12-31 · SEC XBRL Revenues · https://www.sec.gov/Archives/edgar/data/1035983/000110465926047689/ · unverified - revenue 2024-12-31: 7027476000.0 · 2024-12-31 · SEC XBRL Revenues · https://www.sec.gov/Archives/edgar/data/1035983/000110465926017530/ · unverified - revenue 2025-12-31: 1831286000.0 · 2025-12-31 · SEC XBRL Revenues · https://www.sec.gov/Archives/edgar/data/1035983/000110465926047689/ · unverified - revenue 2024-12-31: 7027476000.0 · 2024-12-31 · SEC XBRL Revenues · https://www.sec.gov/Archives/edgar/data/1035983/000110465926017530/ · unverified - total_assets 2025-12-31: 6441169000.0 · 2025-12-31 · SEC XBRL Assets · https://www.sec.gov/Archives/edgar/data/1035983/000110465926086258/ · unverified - total_assets 2024-12-31: 4711088000.0 · 2024-12-31 · SEC XBRL Assets · https://www.sec.gov/Archives/edgar/data/1035983/000110465926017530/ · unverified ## Market value, source trail - Formula: market_value = traded_price (price date) / depositary_ratio x latest point-in-time SEC shares outstanding (share-count date shown; from the filing cover page, summed across share classes only where the issuer filing verifies the classes are economically equivalent (rule + evidence URL in the source text), else withheld; priced at the primary listed class, so where other classes trade at a different price the value is an approximation; restated only for issuer-verified splits after the count date); weighted-average share counts are never used - Traded price: 1160.86 on 2026-10-23 (USD per traded unit (share or ADS)) · https://docs.alpaca.markets/docs/historical-stock-data-1 - SEC shares outstanding: 34,985,904 underlying shares, period 2026-10-16, SEC cover page 10-Q 0001104659-26-118159 (34,985,904 shares (single class on cover)); filing document https://www.sec.gov/Archives/edgar/data/1035983/000110465926118159/fix-20260930x10q.htm, accession 0001104659-26-118159 · https://www.sec.gov/Archives/edgar/data/1035983/000110465926118159/R1.htm - Depositary ratio: 1.0 (domestic; 10-K filer; SEC shares are the traded units) · None - Market value (price date x latest reported shares): 40,613,736,517 USD; 1160.86 (price 2026-10-23) / 1 x 34,985,904 (shares at 2026-10-16) = 40,613,736,517 ## Revenue by fiscal year (SEC XBRL; FY = calendar year in which the fiscal year ends) - FY2013 (ended 2013-12-31): 1357272000.0 · https://www.sec.gov/Archives/edgar/data/1035983/000104746916010332/ - FY2014 (ended 2014-12-31): 1410795000.0 · https://www.sec.gov/Archives/edgar/data/1035983/000155837017000882/ - FY2015 (ended 2015-12-31): 1580519000.0 · https://www.sec.gov/Archives/edgar/data/1035983/000155837018000936/ - FY2016 (ended 2016-12-31): 1634340000.0 · https://www.sec.gov/Archives/edgar/data/1035983/000155837019000857/ - FY2017 (ended 2017-12-31): 1787922000.0 · https://www.sec.gov/Archives/edgar/data/1035983/000155837020001491/ - FY2018 (ended 2018-12-31): 2182879000.0 · https://www.sec.gov/Archives/edgar/data/1035983/000155837021001828/ - FY2019 (ended 2019-12-31): 2615277000.0 · https://www.sec.gov/Archives/edgar/data/1035983/000155837022001753/ - FY2020 (ended 2020-12-31): 2856659000.0 · https://www.sec.gov/Archives/edgar/data/1035983/000155837023001757/ - FY2021 (ended 2021-12-31): 3073636000.0 · https://www.sec.gov/Archives/edgar/data/1035983/000155837024001529/ - FY2022 (ended 2022-12-31): 4140364000.0 · https://www.sec.gov/Archives/edgar/data/1035983/000155837025001222/ - FY2023 (ended 2023-12-31): 5206760000.0 · https://www.sec.gov/Archives/edgar/data/1035983/000110465926017530/ - FY2024 (ended 2024-12-31): 7027476000.0 · https://www.sec.gov/Archives/edgar/data/1035983/000110465926017530/ - FY2025 (ended 2025-12-31): 1831286000.0 · https://www.sec.gov/Archives/edgar/data/1035983/000110465926047689/ ## Net income by fiscal year (SEC XBRL) - FY2013 (ended 2013-12-31): 27269000.0 · https://www.sec.gov/Archives/edgar/data/1035983/000104746916010332/ - FY2014 (ended 2014-12-31): 23063000.0 · https://www.sec.gov/Archives/edgar/data/1035983/000104746916010332/ - FY2015 (ended 2015-12-31): 49364000.0 · https://www.sec.gov/Archives/edgar/data/1035983/000104746916010332/ - FY2016 (ended 2016-12-31): 64896000.0 · https://www.sec.gov/Archives/edgar/data/1035983/000155837019000857/ - FY2017 (ended 2017-12-31): 55272000.0 · https://www.sec.gov/Archives/edgar/data/1035983/000155837020001491/ - FY2018 (ended 2018-12-31): 112903000.0 · https://www.sec.gov/Archives/edgar/data/1035983/000155837021001828/ - FY2019 (ended 2019-12-31): 114324000.0 · https://www.sec.gov/Archives/edgar/data/1035983/000155837022001753/ - FY2020 (ended 2020-12-31): 150139000.0 · https://www.sec.gov/Archives/edgar/data/1035983/000155837023001757/ - FY2021 (ended 2021-12-31): 143348000.0 · https://www.sec.gov/Archives/edgar/data/1035983/000155837024001529/ - FY2022 (ended 2022-12-31): 245947000.0 · https://www.sec.gov/Archives/edgar/data/1035983/000155837025001222/ - FY2023 (ended 2023-12-31): 323398000.0 · https://www.sec.gov/Archives/edgar/data/1035983/000110465926017530/ - FY2024 (ended 2024-12-31): 522433000.0 · https://www.sec.gov/Archives/edgar/data/1035983/000110465926017530/ - FY2025 (ended 2025-12-31): 1022558000.0 · https://www.sec.gov/Archives/edgar/data/1035983/000110465926017530/ ## EPS diluted by fiscal year (split-adjusted to today's share basis; as filed in brackets) - FY2013 (ended 2013-12-31): 0.73 [filed 0.73, split factor 1.0] - FY2014 (ended 2014-12-31): 0.61 [filed 0.61, split factor 1.0] - FY2015 (ended 2015-12-31): 1.3 [filed 1.3, split factor 1.0] - FY2016 (ended 2016-12-31): 1.72 [filed 1.72, split factor 1.0] - FY2017 (ended 2017-12-31): 1.47 [filed 1.47, split factor 1.0] - FY2018 (ended 2018-12-31): 3.0 [filed 3.0, split factor 1.0] - FY2019 (ended 2019-12-31): 3.08 [filed 3.08, split factor 1.0] - FY2020 (ended 2020-12-31): 4.09 [filed 4.09, split factor 1.0] - FY2021 (ended 2021-12-31): 3.93 [filed 3.93, split factor 1.0] - FY2022 (ended 2022-12-31): 6.82 [filed 6.82, split factor 1.0] - FY2023 (ended 2023-12-31): 9.01 [filed 9.01, split factor 1.0] - FY2024 (ended 2024-12-31): 14.6 [filed 14.6, split factor 1.0] - FY2025 (ended 2025-12-31): 28.88 [filed 28.88, split factor 1.0] ## Dividend years (Yahoo history) 2005, 2006, 2007, 2008, 2009, 2010, 2011, 2012, 2013, 2014, 2015, 2016, 2017, 2018, 2019, 2020, 2021, 2022, 2023, 2024, 2025, 2026 ## Insider transactions (SEC Form 4 data set, latest 40) - 2026-08-26 S Lane Brian E. (CEO) 16024 @ 1608.21 = 25769957 · https://www.sec.gov/Archives/edgar/data/1035983/000144824026000019/ - 2026-08-17 S GEORGE WILLIAM III (CFO) 2554 @ 1859.65 = 4749546 · https://www.sec.gov/Archives/edgar/data/1035983/000120507326000013/ - 2026-08-11 S MYERS FRANKLIN (director) 4000 @ 1693.92 = 6775680 · https://www.sec.gov/Archives/edgar/data/1035983/000120700226000015/ - 2026-08-10 S MYERS FRANKLIN (director) 3500 @ 1690.47 = 5916645 · https://www.sec.gov/Archives/edgar/data/1035983/000120700226000015/ - 2026-06-24 S MYERS FRANKLIN (director) 6700 @ 1954.47 = 13094949 · https://www.sec.gov/Archives/edgar/data/1035983/000120700226000011/ - 2026-05-27 S Hardy Rhoman J (director) 342 @ 1900.08 = 649827 · https://www.sec.gov/Archives/edgar/data/1035983/000193682826000004/ - 2026-05-11 S Shaeff Julie (officer) 1123 @ 2000.37 = 2246416 · https://www.sec.gov/Archives/edgar/data/1035983/000131978226000009/ - 2026-05-11 S GEORGE WILLIAM III (CFO) 1000 @ 2020.97 = 2020970 · https://www.sec.gov/Archives/edgar/data/1035983/000120507326000011/ - 2026-05-08 S GEORGE WILLIAM III (CFO) 4000 @ 1948.17 = 7792680 · https://www.sec.gov/Archives/edgar/data/1035983/000120507326000011/ - 2026-05-07 S MYERS FRANKLIN (director) 4500 @ 1902.57 = 8561565 · https://www.sec.gov/Archives/edgar/data/1035983/000120700226000004/ - 2026-05-05 S Lane Brian E. (CEO) 11113 @ 1969.84 = 21890832 · https://www.sec.gov/Archives/edgar/data/1035983/000144824026000014/ - 2026-04-30 S Mercado, Pablo G. (director) 500 @ 1779.78 = 889890 · https://www.sec.gov/Archives/edgar/data/1035983/000153524626000004/ - 2026-04-29 S SANDBROOK WILLIAM J (director) 1500 @ 1732.67 = 2599005 · https://www.sec.gov/Archives/edgar/data/1035983/000152767826000004/ ## Links - sec_filings: https://www.sec.gov/edgar/browse/?CIK=0001035983 - sec_xbrl_companyfacts: https://data.sec.gov/api/xbrl/companyfacts/CIK0001035983.json - sec_form4: https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001035983&type=4 - sec_8k: https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001035983&type=8-K - yahoo: https://finance.yahoo.com/quote/FIX - stooq: https://stooq.com/q/d/?s=fix.us - morningstar (link only, nothing stored): https://www.morningstar.com/search?query=FIX - finviz (link only, nothing stored): https://finviz.com/quote.ashx?t=FIX - stockanalysis (link only, nothing stored): https://stockanalysis.com/stocks/fix/ - seeking_alpha (link only, nothing stored): https://seekingalpha.com/symbol/FIX - openinsider (link only, nothing stored): http://openinsider.com/search?q=FIX - google_news (link only, nothing stored): https://news.google.com/rss/search?q=FIX+stock Cite as: The Claude Trader snapshot 2026-10-26, https://theclaudetrader.com/s/FIX; data from SEC EDGAR XBRL and market prices (Alpaca Market Data, Yahoo Finance) to 2026-10-23. Scores are deterministic rule outputs from public filings. fair_value_model is a labelled model estimate from the same filings (method at /fair-value), not an opinion or recommendation.