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 "약함", market "US", profit streak "≥5 yr" 필터 적용: 40 match(필터 지우기).

#	종목	Mkt Cap	Score▼	10Y ROE	Profit Streak	Net Debt/Eq	Gross Margin	리포트	FY
1	Ferrovial SE FER · 미국	$47B	34/100 약함	11.3%low -13.3%	5 yr	1.1×	98%	—	FY2025
2	Plains All American Pipeline LP PAA · 미국	$17B	34/100 약함	7.1%low -26.6%	5 yr	0.7×	5%	—	FY2025
3	Api Group Corp APG · 미국	$17B	34/100 약함	4.5%low -9.8%	5 yr	0.6×	25%	—	FY2025
4	MGM Resorts International MGM · 미국	$12B	34/100 약함	17.6%low -15.9%	5 yr	22.3×	44%	—	FY2025
5	Ryder System Inc R · 미국	$9.8B	34/100 약함	13.6%low -5.4%	5 yr	2.8×	20%	—	FY2025
6	Macy’s Inc M · 미국	$6.5B	34/100 약함	0.9%low -154.5%	5 yr	0.8×	39%	—	FY2026
7	Williams Companies Inc WMB · 미국	$87B	33/100 약함	11.6%low -9.1%	7 yr	2.3×	52%	—	FY2025
8	NewJersey Resources Corporation NJR · 미국	$5.8B	33/100 약함	12.2%low 7.2%	10 yr+	1.6×	13%	—	FY2025
9	Dine Brands Global Inc DIN · 미국	$456M	33/100 약함	6.9%^‡low -34.4%	5 yr	—	44%	—	FY2025
10	ConocoPhillips COP · 미국	$147B	31/100 약함	12.3%low -10.3%	5 yr	0.3×	21%	—	FY2025
11	Entergy Corporation ETR · 미국	$50B	31/100 약함	8.4%low -6.8%	9 yr	1.7×	37%	—	FY2025
12	Halliburton Company HAL · 미국	$27B	31/100 약함	-1.7%low -61.4%	5 yr	0.6×	21%	—	FY2025
13	Churchill Downs Incorporated CHDN · 미국	$5.9B	31/100 약함	34.6%low -22.3%	5 yr	4.9×	29%	—	FY2025
14	United Parks & Resorts Inc PRKS · 미국	$2.1B	31/100 약함	12.2%^‡low -13.6%	5 yr	—	61%	—	FY2025
15	Edison International EIX · 미국	$28B	29/100 약함	8.8%low -2.9%	7 yr	2.4×	40%	—	FY2025
16	Capital Southwest Corporation CSWC · 미국	$1.5B	29/100 약함	8.4%low -7.9%	6 yr	1.1×	76%	—	FY2026
17	SandRidge Energy Inc SD · 미국	$514M	29/100 약함	-90.7%low -720.9%	5 yr	Net cash	33%	—	FY2025
18	Luckin Coffee LKNCY · 미국	$9.3B	28/100 약함	-12.0%low -71.6%	5 yr	Net cash	13%	—	FY2025
19	National Fuel Gas Company NFG · 미국	$7.8B	28/100 약함	10.9%low -19.1%	5 yr	0.9×	43%	—	FY2025
20	Vista Oil Gas ADR VIST · 미국	$7.6B	28/100 약함	17.7%low -20.2%	5 yr	1.1×	38%	—	FY2025
21	Teekay Corporation TK · 미국	$1.0B	28/100 약함	0.4%low -21.0%	5 yr	Net cash	24%	—	FY2025
22	Shell PLC ADR SHEL · 미국	$252B	27/100 약함	7.9%low -14.0%	5 yr	0.4×	11%	—	FY2025
23	Freeport-McMoran Copper & Gold Inc FCX · 미국	$91B	25/100 약함	7.3%low -65.4%	6 yr	0.4×	25%	—	FY2025
24	Allegheny Technologies Incorporated ATI · 미국	$26B	25/100 약함	-20.0%low -301.8%	5 yr	0.8×	15%	—	FY2025
25	Archrock Inc AROC · 미국	$6.3B	25/100 약함	5.4%low -8.0%	5 yr	1.6×	48%	—	FY2025
26	EPR Properties EPR · 미국	$4.8B	25/100 약함	6.5%low -5.0%	5 yr	1.3×	87%	—	FY2025
27	FLEX LNG Ltd FLNG · 미국	$1.7B	25/100 약함	8.0%low -2.0%	8 yr	1.9×	45%	—	FY2025
28	Energy Transfer LP ET · 미국	$70B	24/100 약함	9.6%low -3.5%	5 yr	2.0×	19%	—	FY2025
29	Safe Bulkers Inc SB · 미국	$799M	23/100 약함	5.2%low -18.6%	5 yr	0.5×	36%	—	FY2025
30	SkyWest Inc SKYW · 미국	$4.2B	22/100 약함	8.1%low -12.0%	5 yr	0.6×	21%	—	FY2025
31	Southwest Airlines Company LUV · 미국	$22B	21/100 약함	10.3%low -34.6%	5 yr	0.3×	19%	—	FY2025
32	APA Corporation APA · 미국	$13B	21/100 약함	6.3%low -108.0%	5 yr	0.7×	38%	—	FY2025
33	Range Resources Corp RRC · 미국	$9.4B	21/100 약함	-5.7%low -73.1%	5 yr	0.3×	26%	—	FY2025
34	Matador Resources Company MTDR · 미국	$6.2B	21/100 약함	9.3%low -39.2%	5 yr	0.6×	42%	—	FY2025
35	Devon Energy Corporation DVN · 미국	$52B	20/100 약함	9.0%low -88.8%	5 yr	0.5×	23%	—	FY2025
36	Textainer Group Holdings Ltd TGH · 미국	$2.1B	20/100 약함	7.8%low -4.5%	7 yr	2.5×	33%	—	FY2023
37	Delta Air Lines Inc DAL · 미국	$58B	18/100 약함	-57.2%low -807.4%	5 yr	0.8×	19%	—	FY2025
38	Trinity Industries Inc TRN · 미국	$2.5B	16/100 약함	9.4%low -7.3%	5 yr	4.9×	23%	—	FY2025
39	Targa Resources Inc TRGP · 미국	$58B	14/100 약함	12.0%low -58.6%	5 yr	5.7×	14%	—	FY2025
40	Kinetik Holdings Inc KNTK · 미국	$8.5B	13/100 약함	7.4%^‡low -29.7%	5 yr	—	25%	—	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.