Industry
- Aerospace & Defense 12
- Analytics 10
- Apparel 6
- Bank 16
- Beverages / Food 4
- Car Manufacturing 7
- Chemicals 3
- Communication Services 3
- Consulting 3
- Consumer Defensive 10
- Consumer Discretionary 18
- Credit Services 10
- Cybersecurity 3
- Data 6
- Energy 12
- Entertainment 4
- Exchanges 5
- Farm & Heavy Construction Machinery 2
- Financial 46
- Food Processing 1
- Grocery Store 5
- Hardware 18
- Healthcare 6
- Holding Company 5
- Home Improvement 2
- Industrial 37
- Information Technology 16
- Insurance 15
- Investment Banking 5
- Logistics 9
- Luxury 6
- Market Infrastructure 9
- Materials 6
- Mining 3
- Oil & Gas 12
- Payment 5
- Personal Care & Beauty 1
- Pharmaceuticals 4
- Railroad 5
- Ratings 6
- Real Estate 5
- Restaurants 4
- Retail 16
- Semi-Conductors 17
- Software 17
- Technology 39
- Telecommunications 11
- Trade Distributors 4
- Utilities 6
- Waste Management 4
Eaton (ETN) investment Quality Rating (AA)
Old York Financial issues a (AA) rating for Eaton (ETN). Analysis of its 19.8% ROIC, record 24.5% margins, and the $3.5B returned to shareholders in 2025 amidst a $19B backlog.
Clean Harbors (CLH) investment Quality Rating (A)
Old York Financial issues an (A) rating for Clean Harbors (CLH). Analysis of its 17.2% ROIC, record $250M share retirement, and its monopoly-like incineration capacity in 2025.
Republic Services (RSG) investment Quality Rating (AA)
Old York Financial issues a (AA) rating for Republic Services (RSG). Analysis of its record 32.0% Adjusted EBITDA margin, 15.5% ROIC, and $1.6B returned to shareholders in fiscal 2025.
Cintas (CTAS) investment Quality Rating (AA)
Old York Financial issues a (AA) rating for Cintas (CTAS). Analysis of its 22.5% ROIC, all-time high 22.8% operating margin, and $1.29B returned to shareholders in fiscal 2025.
W.W. Grainger (GWW) investment Quality Rating (AA)
Old York Financial issues a (AA) rating for W.W. Grainger (GWW). Analysis of its elite 39.1% ROIC, $1.5B returned to shareholders, and its strategic exit from the U.K. market in 2025.
Fastenal (FAST) investment Quality Rating (AA)
Old York Financial issues a (AA) rating for Fastenal (FAST). Analysis of its 31.0% ROIC, 20.2% Operating Margin, and the $1B dividend payout in 2025.
Old Dominion Freight Line (ODFL) investment Quality Rating (AA)
Old York Financial issues a (AA) rating for Old Dominion Freight Line (ODFL). Analysis of its 19.6% ROIC, 24.8% Operating Margin, and the $730M share retirement program in 2025.
Norfolk Southern (NSC) investment Quality Rating (B)
Old York Financial rates Norfolk Southern (NSC) a (B). Analysis of the 10.1% ROIC, the Union Pacific merger impact, and the $3.55B in Owner Earnings for fiscal 2025.
CSX Corporation investment Quality Rating (A)
Old York Financial issues an (A) rating for CSX Corporation. Analysis of the 11.8% ROIC, $3.39B in Owner Earnings, and its eastern rail monopoly. See how the 2025 coal market impact affected capital velocity.
Howmet Aerospace (HWM) investment Quality Rating (AA)
Old York Financial issues a (AA) rating for Howmet Aerospace (HWM). Analysis of its 18.2% ROIC, 40% EPS growth, and record $700M in share retirement during 2025.
TransDigm Group (TDG) investment Quality Rating (AAA)
Old York Financial issues an (AAA) rating for TransDigm (TDG). Analysis of its 90% sole-source monopoly, 23.5% ROIC, and its massive $90/share special dividend in 2025.
RTX Corporation (RTX) investment Quality Rating (A)
Old York Financial issues an (A) rating for RTX Corporation (RTX). Analysis of the record $268B backlog, 7.8% ROIC, and its recovery in 2025. See why the Pratt & Whitney "toll bridge" supports its (A) status.
Northrop Grumman (NOC) investment Quality Rating (A)
Old York Financial issues an (A) rating for Northrop Grumman (NOC). Analysis of the record $95.7B backlog, 10.8% ROIC, and its monopoly on stealth technology and the B-21 program.
General Dynamics (GD) investment Quality Rating (A)
Old York Financial issues an (A) rating for General Dynamics (GD). Analysis of the $118B backlog, 11.4% ROIC, and its maritime monopoly. See how the G800 launch impacts 2025 capital velocity.
Lockheed Martin (LMT) investment Quality Rating (A)
Old York Financial issues an (A) rating for Lockheed Martin (LMT). Analysis of the F-35 monopoly, 13.8% ROIC, and aggressive Equity Retraction through share retirement.
Telus Corporation (T) investment Quality Rating (B)
Old York Financial issues a (B) rating for Telus (T). Despite record 0.97% wireless churn, a 20% increase in share count and 3.1% ROIC since 2020 mark it as a "Diluted Utility." See the forensic diagnostic of the 2025 pivot.
Rogers Communications (RCI.B) investment Quality Rating (B)
Old York Financial issues a (B) rating for Rogers Communications (RCI.B). Despite dominant wireless margins and sports assets, high Shaw-merger debt and a 4.8% ROIC keep it in the "Vassal" tier. Read the forensic diagnostic.
Crown Castle (CCI) investment Quality Rating (B)
Old York Financial issues a (B) rating for Crown Castle (CCI). Facing high debt and a strategic pivot away from Fiber, CCI’s 3.2% ROIC and 2025 dividend cut mark it as a business in transition. See the forensic diagnostic.
American Tower (AMT) investment Quality Rating (BBB)
Old York Financial issues a (BBB) rating for American Tower (AMT). While its 67% EBITDA margins are best-in-class, its 7.8% ROIC and structural share dilution keep it below Sovereign status. Read the 2025 forensic diagnostic.
Digital Realty Trust (DLR) investment Quality Rating (BB)
Old York Financial assigns a (BB) rating to Digital Realty Trust (DLR). Despite record AI bookings, chronic share dilution and a 2.1% ROIC prevent it from reaching Sovereign status. Read the forensic breakdown of the "Hyperscale Trap."