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 score tier "Top 90+", market "US", market cap "Mid $2–10B": 10 match(borrar filtros).

# Activo Mkt Cap Score 10Y ROE Profit Streak Net Debt/Eq Gross Margin Informe FY
1 Federated Investors Inc B FHI · EE. UU. $4.6B
96/100 Excelente
28.6%low 22.9% 10 yr+ Net cash 68% FY2025
2 Paycom Software, Inc. PAYC · EE. UU. $7.6B
95/100 Excelente
28.8%low 21.9% 10 yr+ Net cash 84% FY2025
3 WD-40 Company WDFC · EE. UU. $3.0B
95/100 Excelente
36.0%low 30.2% 10 yr+ 0.1× 54% FY2025
4 National Beverage Corp FIZZ · EE. UU. $3.0B
95/100 Excelente
41.0%low 28.7% 10 yr+ Net cash 37% FY2026
5 Exponent Inc EXPO · EE. UU. $3.2B
94/100 Excelente
26.7%low 22.8% 10 yr+ Net cash 60% FY2025
6 MarketAxess Holdings Inc MKTX · EE. UU. $5.7B
93/100 Excelente
25.1%low 19.7% 10 yr+ Net cash 77% FY2025
7 FactSet Research Systems Inc FDS · EE. UU. $9.4B
92/100 Excelente
40.4%low 27.3% 10 yr+ 0.6× 53% FY2025
8 Genpact Limited G · EE. UU. $5.1B
92/100 Excelente
20.4%low 16.8% 10 yr+ 0.2× 36% FY2025
9 Smith AO Corporation AOS · EE. UU. $8.2B
91/100 Excelente
23.4%low 13.5% 10 yr+ Net cash 39% FY2025
10 Chemed Corp CHE · EE. UU. $7.1B
90/100 Excelente
29.2%low 18.2% 10 yr+ 0.1× 33% FY2025

Data and methodology: the six dimensions quantify Berkshire's published acquisition criteria and Buffett's shareholder letters (1981/1987/1991/2007 among others). Qualitative tests in the originals (e.g. "simple, understandable business", "management in place") are out of scope, and price ("available at a fair price") is covered by each report's valuation range instead. Financials come from company annual reports (via EODHD); ratios are computed in reporting currency, the USD gate via static FX. "‡" marks companies whose equity is persistently negative or tiny (ROE falls back to ROCE); "†" marks missing gross profit (operating margin used). Investment trusts and closed-end funds are excluded on two tests — name and financial shape (operating margins beyond what an operating company can achieve); REITs and operating asset managers are unaffected. This is a quantitative first pass, not investment advice. When citing this data, please credit Zen Horizon (zh.app). See our methodology for the scoring process.