Screen · Berkshire Criteria

Buffett Quality Screen

Buffett's "wonderful business" criteria, quantified into six dimensions: earnings record (20), ROE quality (25 — Fortune's double standard), low leverage (15), pricing power (15), business stability (15) and capital efficiency (10), for a 0–100 total. The entry gate is the first of Berkshire's acquisition criteria — at least $50M average pre-tax earnings over the last three fiscal years (banks and insurers excluded, as leverage is their business model; investment trusts and closed-end funds excluded, as they are portfolios rather than operating companies). Recomputed periodically from each company's last ten fiscal years; cross-listings merged by canonical ticker. Hover the score for the six-dimension breakdown; companies we cover link to their report. Filtrado por market cap "Large $10–200B", profit streak "≥7 yr": 578 match(borrar filtros) · página 2 de 6.

# Activo Mkt Cap Score Baillie 10Y ROE Profit Streak Net Debt/Eq Gross Margin Informe FY
101 Relx PLC REL · LSE $58B
84/100 Excelente
54.4%low 43.3% 10 yr+ 3.0× 65% FY2025
102 PayPal Holdings Inc PYPL · EE. UU. $49B
84/100 Excelente
43/100 16.7%low 9.5% 10 yr+ Net cash 53% PayPal Holdings: A Deep-Dive Investment Study22 de mayo de 2026 · Cautious Buy FY2025
103 Diageo PLC DGE · LSE $46B
84/100 Excelente
31/100 34.7%low 20.8% 10 yr+ 2.0× 61% Diageo: Cyclical Trough and Structural Erosion Are Both Real, and at 16.435 Pounds the Discount Is Not Yet Wide Enough31 de julio de 2026 · Hold FY2025
104 Legrand SA LR · París $37B
84/100 Excelente
16.0%low 13.9% 10 yr+ 0.6× 52% FY2025
105 Hershey Co HSY · EE. UU. $35B
84/100 Excelente
43/100 51.2%low 19.0% 10 yr+ 1.0× 44% The Hershey Company: A Deep-Dive Value Investing Study27 de mayo de 2026 · Watch FY2025
106 Zoetis Inc ZTS · EE. UU. $32B
84/100 Excelente
47/100 51.4%low 43.5% 10 yr+ 2.2× 67% Zoetis Long-Term Business Owner Value Analysis28 de mayo de 2026 · Cautious Buy FY2025
107 Texas Pacific Land Corporation TPL · EE. UU. $28B
84/100 Excelente
51/100 48.7%low 33.0% 10 yr+ Net cash 93% Texas Pacific Land: A Deep Value Investment Study28 de mayo de 2026 · Watch FY2025
108 Hubbell Inc HUBB · EE. UU. $25B
84/100 Excelente
47/100 20.3%low 14.9% 10 yr+ 0.5× 31% In-Depth Value Analysis of Hubbell Incorporated29 de mayo de 2026 · Watch FY2025
109 Sonova H Ag SOON · SW $17B
84/100 Excelente
21.5%low 16.3% 10 yr+ 0.4× 71% FY2026
110 Euronext N.V. ENX · París $16B
84/100 Excelente
21.4%low 11.2% 10 yr+ 0.4× 76% FY2025
111 Amphenol Corporation APH · EE. UU. $198B
83/100 Excelente
37/100 24.6%low 16.1% 10 yr+ 0.3× 33% Amphenol Long-Term Owner Perspective Research3 de junio de 2026 · Watch FY2025
112 Unilever PLC ULVR · LSE $130B
83/100 Excelente
43/100 39.4%low 28.7% 10 yr+ 1.6× 43% Unilever: Q2 Volume Grew 5.5%, the Strongest Quarter in More Than a Decade, but 47.43 Pounds Leaves No Margin of Safety3 de agosto de 2026 · Hold FY2025
113 Intuitive Surgical Inc ISRG · EE. UU. $127B
83/100 Excelente
52/100 14.1%low 10.9% 10 yr+ Net cash 68% Intuitive Surgical: A Long-Term Business Owner's Research Report22 de mayo de 2026 · Watch FY2025
114 Stryker Corporation SYK · EE. UU. $125B
83/100 Excelente
49/100 16.0%low 10.2% 10 yr+ 0.5× 62% Stryker In-Depth Value Investment Research25 de mayo de 2026 · Watch FY2025
115 Regeneron Pharmaceuticals Inc REGN · EE. UU. $79B
83/100 Excelente
48/100 22.5%low 14.4% 10 yr+ Net cash 89% Regeneron Pharmaceuticals Value Analysis from a Long-Term Business Owner's Perspective22 de mayo de 2026 · Watch FY2025
116 Jiangsu Hengrui Medicine Co Ltd 600276 · Shanghái $50B
83/100 Excelente
51/100 16.5%low 10.3% 10 yr+ Net cash 86% Hengrui Pharmaceuticals: A Fortress Innovation Platform, But RMB 50 Already Pays for the Upgrade26 de junio de 2026 · Hold FY2025
117 Accton Technology Corp 2345 · Taiwán $45B
83/100 Excelente
45/100 33.5%low 21.4% 10 yr+ Net cash 20% Investigación en profundidad sobre Accton Technology14 de junio de 2026 · Mantener FY2025
118 Ferguson Plc FERG · LSE $43B
83/100 Excelente
30.0%low 22.0% 10 yr+ 0.9× 30% FY2025
119 Agilent Technologies Inc A · EE. UU. $39B
83/100 Excelente
44/100 17.8%low 6.9% 10 yr+ 0.2× 53% Agilent Technologies: A Study from a Long-Term Business Owner's Perspective21 de mayo de 2026 · Watch FY2025
120 Dassault Systemes SE DSY · París $28B
83/100 Excelente
49/100 12.4%low 9.7% 10 yr+ Net cash 84% Dassault Systèmes: A Zen Horizon Framework Deep-Dive Research Report4 de junio de 2026 · Watch FY2025
121 PPG Industries Inc PPG · EE. UU. $25B
83/100 Excelente
41/100 20.9%low 15.6% 10 yr+ 41% PPG Industries: A Long-Term Owner-Perspective Investment Analysis29 de mayo de 2026 · Watch FY2025
122 Expeditors International of Washington, Inc. EXPD · EE. UU. $22B
83/100 Excelente
44/100 31.9%low 23.4% 10 yr+ Net cash 13% Expeditors International Deep-Dive Value Research29 de mayo de 2026 · Watch FY2025
123 Luzhou Lao Jiao Co Ltd 000568 · Shenzhen $19B
83/100 Excelente
24.6%low 16.9% 10 yr+ Net cash 81% FY2025
124 Lincoln Electric Holdings Inc LECO · EE. UU. $14B
83/100 Excelente
33.9%low 26.1% 10 yr+ 0.7× 34% FY2025
125 Foxconn Industrial Internet Co Ltd 601138 · Shanghái $158B
82/100 Excelente
40/100 22.0%low 15.0% 10 yr+ Net cash 8% FII Zen Horizon Research: No. 1 in AI server rack assembly, real earnings acceleration, but a thin business at a rich valuation4 de junio de 2026 · Watch FY2025
126 Fortinet Inc FTNT · EE. UU. $119B
82/100 Excelente
55/100 38.0%low 3.8% 10 yr+ Net cash 77% Fortinet: An Investment Analysis Through a Long-Term Business Owner's Lens22 de mayo de 2026 · Watch FY2025
127 BAE Systems plc BA · LSE $78B
82/100 Excelente
46/100 20.8%low 14.2% 10 yr+ 0.5× 41% BAE Systems: The Portfolio Moat Is Genuine, but at 20.27 GBP the Rerating Has Already Outrun Earnings Growth30 de julio de 2026 · Hold FY2025
128 Ferguson Plc FERG · EE. UU. $48B
82/100 Excelente
43/100 29.7%low 20.3% 10 yr+ 0.9× 30% Ferguson Enterprises: Waterworks Is 24% of U.S. Sales Against HVAC's 13%, First-Half Volume Fell While Price Carried the 4.2% Growth, and $244.94 Yields Less Than Treasuries16 de agosto de 2026 · Hold FY2025
129 Experian PLC EXPN · LSE $31B
82/100 Excelente
27.3%low 20.1% 10 yr+ 0.9× 42% FY2026
130 GE HealthCare Technologies Inc. GEHC · EE. UU. $31B
82/100 Excelente
43/100 30.2%low 13.5% 7 yr 0.5× 40% GE HealthCare Technologies: A Deep Value Investment Analysis22 de mayo de 2026 · Watch FY2025
131 Suzhou TFC Optical Communication Co Ltd 300394 · Shenzhen $26B
82/100 Excelente
48/100 19.9%low 12.7% 10 yr+ Net cash 53% T&S Communications: A Real Upstream Bottleneck, Priced as if Scarcity Economics Were Permanent28 de julio de 2026 · Avoid FY2025
132 Avic Shenyang Aircraft Co Ltd 600760 · Shanghái $17B
82/100 Excelente
19.2%low 9.5% 10 yr+ Net cash 10% FY2025
133 IDEX Corporation IEX · EE. UU. $17B
82/100 Excelente
44/100 16.7%low 12.0% 10 yr+ 0.3× 48% IDEX Corporation Deep Value Investment Research30 de mayo de 2026 · Watch FY2025
134 CGI Inc GIB · EE. UU. $15B
82/100 Excelente
18.2%low 16.1% 10 yr+ 0.4× 17% FY2025
135 RPM International Inc RPM · EE. UU. $14B
82/100 Excelente
43/100 22.0%low 12.7% 10 yr+ 0.8× 40% RPM International Inc.26 de julio de 2026 · Hold FY2026
136 Deckers Outdoor Corporation DECK · EE. UU. $13B
82/100 Excelente
47/100 26.3%low 0.6% 10 yr+ Net cash 53% Deckers In-Depth Value Investment Research30 de mayo de 2026 · Cautious Buy FY2026
137 Delta Electronics Inc 2308 · Taiwán $198B
81/100 Excelente
50/100 17.0%low 14.0% 10 yr+ Net cash 28% Delta Electronics Zen Horizon Framework Deep Dive4 de junio de 2026 · Watch FY2025
138 Moodys Corporation MCO · EE. UU. $83B
81/100 Excelente
47/100 57.3%low 46.2% 10 yr+ 1.2× 68% Moody's from a Long-Term Owner's Perspective26 de mayo de 2026 · Watch FY2025
139 DR Horton Inc DHI · EE. UU. $40B
81/100 Excelente
41/100 18.9%low 13.0% 10 yr+ 0.1× 25% D.R. Horton Deep-Dive Value Investing Research27 de mayo de 2026 · Watch FY2025
140 EMCOR Group Inc EME · EE. UU. $35B
81/100 Excelente
43/100 19.6%low 6.5% 10 yr+ Net cash 16% EMCOR Group: A Value-Investing Deep Dive27 de mayo de 2026 · Watch FY2025
141 NARI Technology Co Ltd 600406 · Shanghái $27B
81/100 Excelente
51/100 15.3%low 14.2% 10 yr+ Net cash 27% NARI Technology: Grid-Control Franchise, Quality Already Priced27 de junio de 2026 · Hold FY2025
142 Haier Smart Home Co Ltd 6690 · Hong Kong $27B
81/100 Excelente
18.0%low 13.3% 10 yr+ 0.1× 30% FY2025
143 HP Inc HPQ · EE. UU. $24B
81/100 Excelente
33/100 56.9%low 46.4% 10 yr+ 20% HP Inc.: A Value-Investing Deep Dive29 de mayo de 2026 · Watch FY2025
144 Knorr-Bremse AG KBX · XETRA $18B
81/100 Excelente
25.5%low 14.6% 10 yr+ 0.4× 49% FY2025
145 McCormick & Company Incorporated MKC · EE. UU. $14B
81/100 Excelente
42/100 18.9%low 12.3% 10 yr+ 0.7× 39% McCormick Deep Value Investment Research30 de mayo de 2026 · Watch FY2025
146 Lowe's Companies Inc LOW · EE. UU. $117B
80/100 Excelente
41/100 35.9%low 21.1% 10 yr+ 31% Lowe's: A Long-Term Owner's Perspective25 de mayo de 2026 · Watch FY2026
147 Illinois Tool Works Inc ITW · EE. UU. $83B
80/100 Excelente
44/100 56.5%low 36.8% 10 yr+ 2.5× 42% Illinois Tool Works: A Value Investing Deep Dive26 de mayo de 2026 · Watch FY2025
148 Sika AG SIKA · SW $37B
80/100 Excelente
53/100 22.8%low 15.7% 10 yr+ 0.7× 45% Sika AG: un compounder de calidad en un bache cíclico27 de junio de 2026 · Mantener FY2025
149 Wiwynn Corp 6669 · Taiwán $32B
80/100 Excelente
48/100 33.8%low 17.2% 10 yr+ 0.1× 8% Wiwynn Corporation Deep-Dive Research12 de junio de 2026 · Hold FY2025
150 Chroma ATE Inc 2360 · Taiwán $31B
80/100 Excelente
45/100 20.3%low 12.8% 10 yr+ Net cash 51% Chroma ATE Value Investment Deep-Dive9 de junio de 2026 · Avoid FY2025
151 Straumann Holding AG STMN · SW $20B
80/100 Excelente
53/100 21.3%low 7.6% 10 yr+ 0.1× 74% Straumann Holding AG: líder de la plataforma dental a un precio exigente27 de junio de 2026 · Mantener FY2025
152 Best Buy Co. Inc BBY · EE. UU. $19B
80/100 Excelente
34/100 40.2%low 26.1% 10 yr+ 0.8× 23% Best Buy: An Investment Analysis Through the Lens of a Long-Term Business Owner23 de mayo de 2026 · Watch FY2026
153 Evolution AB (publ) EVO · ST $15B
80/100 Excelente
34.7%low 10.4% 10 yr+ Net cash 100% FY2025
154 Lennox International Inc LII · EE. UU. $14B
80/100 Excelente
43/100 48.2%low 31.7% 10 yr+ 1.7× 30% Lennox International Deep Value Investment Research30 de mayo de 2026 · Watch FY2025
155 Schroders PLC SDR · LSE $12B
80/100 Excelente
12.9%low 9.2% 10 yr+ Net cash 77% FY2025
156 Watts Water Technologies Inc WTS · EE. UU. $12B
80/100 Excelente
14.3%low 8.8% 10 yr+ Net cash 44% FY2025
157 Sherwin-Williams Co SHW · EE. UU. $83B
79/100 Sólida
44/100 52.8%low 29.7% 10 yr+ 2.8× 46% The Sherwin-Williams Company: A Long-Term Owner's Perspective26 de mayo de 2026 · Watch FY2025
158 Transdigm Group Incorporated TDG · EE. UU. $70B
79/100 Sólida
40/100 18.7%low 14.4% 10 yr+ 55% TransDigm Group: A Deep Value Investing Study26 de mayo de 2026 · Watch FY2025
159 Sandvik AB SAND · ST $48B
79/100 Sólida
44/100 16.8%low 12.6% 10 yr+ 0.3× 40% Sandvik AB: A Record 22.6% Margin With SEK 550 Million of Tungsten Inside It, and No Margin of Safety at SEK 368.7021 de agosto de 2026 · Hold FY2025
160 Old Dominion Freight Line Inc ODFL · EE. UU. $44B
79/100 Sólida
44/100 24.4%low 16.0% 10 yr+ 0.0× 31% Old Dominion Freight Line: A Value Analysis from the Long-Term Business Owner's Perspective22 de mayo de 2026 · Watch FY2025
161 Thomson Reuters Corporation Common Shares TRI · EE. UU. $43B
79/100 Sólida
47/100 21.3%low 10.7% 10 yr+ 0.1× 78% Thomson Reuters: A Long-Term Owner's Perspective23 de mayo de 2026 · Watch FY2025
162 Qingdao Haier Co Ltd 600690 · Shanghái $30B
79/100 Sólida
17.1%low 13.3% 10 yr+ 0.1× 29% FY2025
163 Otis Worldwide Corp OTIS · EE. UU. $27B
79/100 Sólida
43/100 60.0%low 60.0% 9 yr 29% Otis Worldwide Corporation: A Deep Value Study28 de mayo de 2026 · Watch FY2025
164 Verisk Analytics Inc VRSK · EE. UU. $26B
79/100 Sólida
46/100 40.7%low 19.9% 10 yr+ 9.3× 65% Verisk Analytics Research from a Long-Term Owner's Perspective23 de mayo de 2026 · Watch FY2025
165 VAT Group AG VACN · SW $23B
79/100 Sólida
25.0%low 13.2% 10 yr+ 0.1× 48% FY2025
166 Partners Group Holding AG PGHN · SW $22B
79/100 Sólida
42.6%low 35.4% 10 yr+ 1.0× 71% FY2025
167 Fuyao Glass Industry Group Co Ltd Class A 600660 · Shanghái $22B
79/100 Sólida
17.2%low 12.0% 10 yr+ Net cash 37% FY2025
168 Amundi SA AMUN · París $21B
79/100 Sólida
15.3%low 8.3% 10 yr+ Net cash 54% FY2025
169 Sino Biopharmaceutical Ltd 1177 · Hong Kong $11B
79/100 Sólida
19.1%low 7.6% 10 yr+ Net cash 80% FY2025
170 Focus Media Information Technology Co Ltd 002027 · Shenzhen $11B
79/100 Sólida
31.9%low 13.5% 10 yr+ Net cash 67% FY2025
171 BlackRock Inc BLK · EE. UU. $172B
78/100 Sólida
49/100 13.2%low 9.9% 10 yr+ 0.0× 50% BlackRock In-Depth Value Investment Research24 de mayo de 2026 · Watch FY2025
172 Rio Tinto PLC RIO · LSE $148B
78/100 Sólida
38/100 22.4%low 11.8% 10 yr+ 0.2× 61% Rio Tinto: Copper EBITDA Rose 84% on 1% More Production, and £73.74 Sits Inside a £62–82 Hold Band14 de septiembre de 2026 · Hold FY2025
173 Parker-Hannifin Corporation PH · EE. UU. $123B
78/100 Sólida
45/100 20.4%low 14.9% 10 yr+ 0.7× 28% Parker-Hannifin: A Long-Term Owner's Perspective25 de mayo de 2026 · Watch FY2025
174 American Tower Corp AMT · EE. UU. $81B
78/100 Sólida
45/100 37.3%low 14.1% 10 yr+ 11.9× 72% American Tower: Long-Term Value Study of a Communications-Tower REIT23 de mayo de 2026 · Watch FY2025
175 Motorola Solutions Inc MSI · EE. UU. $72B
78/100 Sólida
46/100 40.0%low 27.9% 8 yr 3.6× 49% Motorola Solutions Deep Value Investment Analysis26 de mayo de 2026 · Watch FY2025
176 Target Corporation TGT · EE. UU. $66B
78/100 Sólida
36/100 29.4%low 22.9% 10 yr+ 0.9× 29% FY2026
177 Public Storage PSA · EE. UU. $61B
78/100 Sólida
45/100 20.8%low 15.4% 10 yr+ 1.1× 68% Public Storage: An In-Depth Value-Investing Analysis27 de mayo de 2026 · Watch FY2025
178 Heico Corporation HEI · EE. UU. $50B
78/100 Sólida
53/100 15.7%low 12.8% 10 yr+ 0.5× 41% HEICO Corporation: investigación en profundidad15 de junio de 2026 · Mantener FY2025
179 Yum! Brands Inc YUM · EE. UU. $42B
78/100 Sólida
44/100 59.1%low 51.7% 10 yr+ 47% Yum! Brands: A Deep Dive from a Long-Term Business Owner's Perspective27 de mayo de 2026 · Watch FY2025
180 Swisscom AG SCMN · SW $41B
78/100 Sólida
37/100 16.8%low 10.4% 10 yr+ 0.2× 80% Swisscom AG: A 4.25% Dividend, a Finite Italian Synergy Bridge, and No Margin of Safety at CHF 63520 de agosto de 2026 · Hold FY2025
181 Curtiss-Wright Corporation CW · EE. UU. $27B
78/100 Sólida
42/100 15.5%low 11.3% 10 yr+ 0.4× 37% Curtiss-Wright Research from a Long-Term Owner's Perspective3 de junio de 2026 · Watch FY2025
182 Fair Isaac Corporation FICO · EE. UU. $24B
78/100 Sólida
48/100 39.6%low 18.2% 10 yr+ 75% Fair Isaac: A Long-Term Owner's View28 de mayo de 2026 · Watch FY2025
183 Next PLC NXT · LSE $22B
78/100 Sólida
43/100 55.5%low 43.4% 10 yr+ 1.0× 40% NEXT plc: 23.9% International Growth, a £16.9 Million Platform, and 19.2 Times Earnings30 de agosto de 2026 · Hold FY2026
184 Broadridge Financial Solutions Inc BR · EE. UU. $18B
78/100 Sólida
43/100 32.8%low 28.1% 10 yr+ 1.1× 29% Broadridge Financial Solutions Deep-Dive Value Investing Analysis24 de mayo de 2026 · Watch FY2025
185 Joint Stock Company Kaspi.kz KSPI · EE. UU. $17B
78/100 Sólida
53/100 57.4%low 41.7% 7 yr Net cash 74% Kaspi.kz: A Deep-Value Investment Study18 de mayo de 2026 · Watch FY2025
186 Masco Corporation MAS · EE. UU. $14B
78/100 Sólida
40/100 60.0%low 60.0% 10 yr+ 34.2× 34% Masco Deep Value Investment Research30 de mayo de 2026 · Watch FY2025
187 Avery Dennison Corp AVY · EE. UU. $13B
78/100 Sólida
41/100 33.3%low 23.6% 10 yr+ 1.6× 28% Avery Dennison Pressure-Sensitive Labels & RFID Deep Dive23 de mayo de 2026 · Watch FY2025
188 Crane Company CR · EE. UU. $12B
78/100 Sólida
44/100 16.6%low 9.0% 10 yr+ Net cash 37% Crane Company: Aerospace Compounds on Its Own, but Four-Fifths of the Headline Growth Was Bought and 32 Times Earnings Leaves No Cushion6 de agosto de 2026 · Hold FY2025
189 Jeronimo Martins SGPS SA JMT · LS $12B
78/100 Sólida
42/100 22.6%low 15.5% 10 yr+ 21% Jerónimo Martins: EBITDA Up 7.6%, Net Profit Down 3.5%, and No Conservative Margin of Safety31 de agosto de 2026 · Hold FY2025
190 Domino's Pizza Inc Common Stock DPZ · EE. UU. $11B
78/100 Sólida
43/100 60.0%low 60.0% 10 yr+ 37% Domino's Pizza Deep Value Investment Research31 de mayo de 2026 · Watch FY2025
191 ABB Ltd ABBN · SW $183B
77/100 Sólida
46/100 21.9%low 8.1% 10 yr+ 0.2× 33% ABB Ltd: 58% Electrification Order Growth, and a 19.5x EBITDA Test of Capital Discipline11 de agosto de 2026 · Hold FY2025
192 Union Pacific Corporation UNP · EE. UU. $174B
77/100 Sólida
43/100 38.3%low 21.2% 10 yr+ 1.6× 46% Union Pacific: A Long-Term Owner's Perspective25 de mayo de 2026 · Watch FY2025
193 Emerson Electric Company EMR · EE. UU. $84B
77/100 Sólida
47/100 25.0%low 9.1% 10 yr+ 0.6× 45% Emerson Electric: A Long-Term Owner's View26 de mayo de 2026 · Watch FY2025
194 Ametek Inc AME · EE. UU. $55B
77/100 Sólida
45/100 15.6%low 13.9% 10 yr+ 0.2× 41% AMETEK Precision Instruments and Industrial Technology Research23 de mayo de 2026 · Watch FY2025
195 Thales S.A. HO · París $55B
77/100 Sólida
46/100 16.8%low 9.5% 10 yr+ 0.2× 25% Thales: A Genuine Defence-Electronics Quality Compounder, Priced Like the Best Case Is Already Locked In7 de julio de 2026 · Hold FY2025
196 Kimberly-Clark Corporation KMB · EE. UU. $36B
77/100 Sólida
38/100 60.0%low 60.0% 10 yr+ 4.4× 34% FY2025
197 Raymond James Financial Inc. RJF · EE. UU. $34B
77/100 Sólida
43/100 14.7%low 10.8% 10 yr+ Net cash 95% Raymond James: A Long-Term Study of a Diversified Financial-Services Platform28 de mayo de 2026 · Watch FY2025
198 Dollar General Corporation DG · EE. UU. $28B
77/100 Sólida
38/100 27.8%low 15.2% 10 yr+ 1.7× 31% FY2026
199 Synchrony Financial SYF · EE. UU. $25B
77/100 Sólida
38/100 19.7%low 10.9% 10 yr+ Net cash 55% FY2025
200 UL Solutions Inc. ULS · EE. UU. $18B
77/100 Sólida
24.9%low 9.7% 7 yr 0.4× 47% FY2025