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. score tier "최상위", market "US", market cap "Mid $2–10B" 필터 적용: 34 match(필터 지우기).

#	종목	Mkt Cap	Score▼	10Y ROE	Profit Streak	Net Debt/Eq	Gross Margin	리포트	FY
1	Federated Investors Inc B FHI · 미국	$4.6B	96/100 최상위	28.6%low 22.9%	10 yr+	Net cash	68%	—	FY2025
2	Paycom Software, Inc. PAYC · 미국	$7.6B	95/100 최상위	28.8%low 21.9%	10 yr+	Net cash	84%	—	FY2025
3	WD-40 Company WDFC · 미국	$3.0B	95/100 최상위	36.0%low 30.2%	10 yr+	0.1×	54%	—	FY2025
4	National Beverage Corp FIZZ · 미국	$3.0B	95/100 최상위	41.0%low 28.7%	10 yr+	Net cash	37%	—	FY2026
5	Exponent Inc EXPO · 미국	$3.2B	94/100 최상위	26.7%low 22.8%	10 yr+	Net cash	60%	—	FY2025
6	MarketAxess Holdings Inc MKTX · 미국	$5.7B	93/100 최상위	25.1%low 19.7%	10 yr+	Net cash	77%	—	FY2025
7	FactSet Research Systems Inc FDS · 미국	$9.4B	92/100 최상위	40.4%low 27.3%	10 yr+	0.6×	53%	—	FY2025
8	Genpact Limited G · 미국	$5.1B	92/100 최상위	20.4%low 16.8%	10 yr+	0.2×	36%	—	FY2025
9	Smith AO Corporation AOS · 미국	$8.2B	91/100 최상위	23.4%low 13.5%	10 yr+	Net cash	39%	—	FY2025
10	Chemed Corp CHE · 미국	$7.1B	90/100 최상위	29.2%low 18.2%	10 yr+	0.1×	33%	—	FY2025
11	MSC Industrial Direct Company Inc MSM · 미국	$6.9B	89/100 최상위	20.2%low 14.4%	10 yr+	0.3×	42%	—	FY2025
12	Gentex Corporation GNTX · 미국	$5.0B	89/100 최상위	18.6%low 15.4%	10 yr+	Net cash	36%	—	FY2025
13	Grand Canyon Education Inc LOPE · 미국	$3.8B	89/100 최상위	23.3%low 16.3%	10 yr+	Net cash	52%	—	FY2025
14	Qualys Inc QLYS · 미국	$5.1B	88/100 최상위	24.2%low 7.4%	10 yr+	Net cash	79%	—	FY2025
15	Cohen & Steers Inc CNS · 미국	$4.2B	88/100 최상위	40.2%low 27.3%	10 yr+	Net cash	50%	—	FY2025
16	Robert Half International Inc RHI · 미국	$3.8B	88/100 최상위	30.4%low 10.4%	10 yr+	Net cash	41%	—	FY2025
17	Toro Co TTC · 미국	$8.7B	87/100 최상위	32.6%low 21.8%	10 yr+	0.5×	35%	—	FY2025
18	Brady Corporation BRC · 미국	$4.5B	87/100 최상위	14.9%low 12.1%	10 yr+	Net cash	50%	—	FY2025
19	YETI Holdings Inc YETI · 미국	$3.7B	86/100 최상위	35.8%low 17.0%	10 yr+	0.1×	53%	—	FY2025
20	Buckle Inc BKE · 미국	$2.3B	86/100 최상위	39.8%low 22.8%	10 yr+	0.3×	46%	—	FY2026
21	Vontier Corp VNT · 미국	$4.5B	85/100 최상위	40.2%low 21.4%	10 yr+	1.3×	45%	—	FY2025
22	Acuity Brands Inc AYI · 미국	$9.8B	84/100 최상위	17.1%low 11.7%	10 yr+	0.2×	43%	—	FY2025
23	Allison Transmission Holdings Inc ALSN · 미국	$9.6B	84/100 최상위	49.2%low 19.9%	10 yr+	0.8×	49%	—	FY2025
24	Houlihan Lokey Inc HLI · 미국	$8.8B	83/100 최상위	19.2%low 14.8%	10 yr+	Net cash	43%	—	FY2026
25	NewMarket Corporation NEU · 미국	$7.8B	82/100 최상위	35.6%low 23.5%	10 yr+	0.5×	28%	—	FY2025
26	Landstar System Inc LSTR · 미국	$5.9B	82/100 최상위	30.3%low 14.5%	10 yr+	Net cash	20%	—	FY2025
27	Trex Company Inc TREX · 미국	$4.5B	82/100 최상위	33.1%low 18.4%	10 yr+	0.2×	40%	—	FY2025
28	CSG Systems International Inc CSGS · 미국	$2.3B	82/100 최상위	20.0%low 12.4%	10 yr+	1.4×	48%	—	FY2025
29	Simpson Manufacturing Company Inc SSD · 미국	$7.8B	81/100 최상위	17.2%low 10.4%	10 yr+	0.1×	46%	—	FY2025
30	Lancaster Colony Corporation LANC · 미국	$4.8B	81/100 최상위	17.8%low 10.6%	10 yr+	Net cash	24%	—	FY2024
31	The Marzetti Company MZTI · 미국	$2.9B	81/100 최상위	17.7%low 10.6%	10 yr+	Net cash	24%	—	FY2025
32	Frontdoor Inc FTDR · 미국	$5.1B	80/100 최상위	49.5%low 22.1%	10 yr+	2.7×	47%	—	FY2025
33	Badger Meter Inc BMI · 미국	$3.9B	80/100 최상위	15.1%low 9.2%	10 yr+	Net cash	39%	—	FY2025
34	Artisan Partners Asset Management Inc APAM · 미국	$2.8B	80/100 최상위	58.6%low 45.9%	10 yr+	0.4×	49%	—	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.