See how a stock measures up to Buffett's checklist.
Enter a ticker. We read the company's last 10 annual reports from SEC EDGAR and mark eight tests Buffett-style investors check by hand: return on equity, debt, margins, steady earnings, free cash flow, buybacks, interest coverage, and price against owner-earnings value.
Your first 3 scorecards are free, no signup. NYSE, Nasdaq and Cboe companies.
Example: Coca-Cola, scored today
KO
COCA COLA CO, NYSE
6/8
| ✔ | Return on equity 10-year average 36.8%; lowest 7.3%, latest 40.7%. Rule: Average return on equity at least 15% over the last 10 years | 37% |
| ✘ | Debt to equity Debt $45.49B / equity $32.17B. Rule: Total debt no more than 0.5x shareholders' equity in the latest year | 1.41 |
| ✔ | Gross margin 10-year average 60.5%; range 58.1% to 62.1%. Rule: Average gross margin at least 40% (a sign of pricing power) | 61% |
| ✔ | Consistent earnings EPS positive in 10 of 10 years; $1.49 to $3.04 (+8.2%/yr), split-adjusted. Rule: Positive earnings per share every year, and higher now than at the start | 10/10 yrs |
| ✔ | Free cash flow Positive in 10 of 10 years; latest $5.30B. Rule: Free cash flow (operating cash flow minus capital spending) positive every year | 10/10 yrs |
| ✔ | Share buybacks Diluted share count -1.2% from FY2016 to FY2025, split-adjusted. Rule: Fewer diluted shares outstanding than at the start of the period (net buybacks) | -1% |
| ✔ | Interest coverage Operating income $13.76B / interest $1.65B. Rule: Operating income at least 5x interest expense in the latest year | 8.3x |
| ✘ | Price vs owner-earnings value Price $92.71 vs estimated value $53.11/share (owner earnings $10.56B/yr, growth 8.2%). Rule: Price at or below the value of owner earnings: last 3 years' average, grown 10 years at the split-adjusted EPS growth rate (0% to 10%), then 3%, discounted at 10% | 75% above |
From 10 annual reports (10-K), FY2016 to FY2025, in SEC EDGAR XBRL data. Price $92.71 as of Oct 23, 2026 (Yahoo Finance, delayed). A dash means the filings don't report the figure, and it counts as not passed.
The eight tests
- Return on equity
- Net income over shareholders' equity, averaged over 10 years: at least 15%.
- Debt to equity
- Total borrowings no more than 0.5 times equity.
- Gross margin
- At least 40% on average, a sign the business can hold its prices.
- Consistent earnings
- Positive EPS every year, and higher at the end than at the start.
- Free cash flow
- Operating cash flow minus capital spending, positive every year.
- Share buybacks
- Fewer shares outstanding than 10 years ago.
- Interest coverage
- Operating income at least 5 times interest expense.
- Price vs owner-earnings value
- Buffett's owner earnings (net income plus depreciation, minus capital spending), projected and discounted at 10%, against today's price.
Exactly how each test is computed.
The Buffett list
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