Assay
Financial-condition grades for SEC filers
Company Report · as of Oct 9, 2026
|
| Deluxe Corp.DLX · consumer nondurables | |
|---|---|
| Grade |  Dfourth fifth of 124 graded peers; percentile 69.9, sampling error 3.8 points; lower is stronger |
| Rank | 87 of 124 |
| Profitability | Bpercentile 34.8 |
| Solvency | Dpercentile 66.4 |
| Growth and financing | Dpercentile 63.8 |
| Reliability | 0.94 AUCfailure model, filers with over $2.67B assets; 95% interval 0.88 to 0.97; 61 events, 2020 to 2025 |
| Peer failure rate | 0.52% a yearItem 1.03 bankruptcies, same asset band, 2012 to 2025 |
| Size band | over $2.67B assetstotal assets $2.9B[1] |
| Standard universe | insiderevenue above $1M and assets above $10M[1-2] |
| Warnings | none activenot computable: distress |
| Inputs computable | 9 of 14 |
| Graded from | filings received through Feb 13, 2026238 days before the rescan; every figure keyed to the SEC receipt date |
| Last close | $23.072026-10-08; market equity $1.1B; iex feed |
| Price used in grade | None |
| Share price, twelve months to the rescansplit-adjusted close; a lollipop at every rescan carries the letter held then; baseline ticks are SEC receipt dates of the inputs; ranges and dragging scroll the full history | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Percentile at every rescan on file, Jan 21, 2012 to Oct 9, 2026; stronger toward the top. Hover for the date. Open this report as it stood on | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Each date opens the report as it stood on that rescan. |
Business, in the company's words. Opening of Item 1 of the 10-K received Feb 13, 2026; the document on sec.gov.
In 2025, Deluxe Corporation proudly celebrated its 110th anniversary, marking over a century of business excellence. Our enduring success is a testament to our innovation, our ability to adapt to the evolving needs of our customers, and the trust they place in us. We have transformed into a trusted Payments and Data company, serving small and medium-sized businesses, financial institutions, and some of the world's largest consumer brands. Our products and services are delivered through four business segments, primarily catering to clients and customers across North America.
The Fourteen Inputs [top]
Lower percentile is stronger. Source numbers open the SEC filing; a range that spans filings opens the sources table.
| Input | Percentile, 0 to 100 | Value | Source | Peer median | Percentile | Peers | Period end |
|---|---|---|---|---|---|---|---|
| Profitability, sleeve percentile 34.8 | |||||||
| Gross profitability | 39.5% | [1-3] | 29.8% | 35.9 | 146 | 2025-12-31 | |
| Return on invested capital | not computable | 5.6% | |||||
| latest aligned inputs end 2020-12-31; latest annual assets end 2025-12-31 | |||||||
| Accruals ratio | (6.6%) | [1,4-6] | (5.0%) | 40.8 | 153 | 2025-12-31 | |
| Gross margin stability, five years | 1.3 pts | [2-3,7-14] | 1.9 pts | 27.8 | 116 | 2025-12-31 | |
| Solvency, sleeve percentile 66.4 | |||||||
| Twelve-month failure probability | not computable | 0.03% | |||||
| liabilities and a nearby cover-page share count are required at 2026-06-30 | |||||||
| Altman Z double-prime | not computable | 3.11 | |||||
| one or more required annual facts are missing | |||||||
| Net debt to EBITDA | not computable | 2.54x | |||||
| latest aligned inputs end 2020-12-31; latest annual assets end 2025-12-31 | |||||||
| Interest coverage | 1.90x | [15-16] | 2.51x | 57.1 | 43 | 2025-12-31 | |
| Current ratio | 1.04x | [17-18] | 1.81x | 75.6 | 157 | 2025-12-31 | |
| Growth and financing, sleeve percentile 63.8 | |||||||
| Revenue growth, three-year compound | (1.6%) | [2,8,10,12] | 0.2% | 59.1 | 133 | 2025-12-31 | |
| Free cash flow growth, three-year compound | not computable | 14.9% | |||||
| four consecutive annual FCF observations are required; found 9 | |||||||
| Reinvestment rate | (3.8%) | [15,17-24] | 10.7% | 59.4 | 70 | 2025-12-31 | |
| Asset growth, three years | (2.4%) | [1,6,25-26] | 0.5% | 60.2 | 134 | 2025-12-31 | |
| Net share issuance, one year | 1.5% | [27-28] | 0.05% | 76.7 | 104 | 2026-02-03 | |
Gross profitability. Revenue less cost of goods sold, over total assets.
Accruals ratio. Net income less operating cash flow, over average assets; lower is stronger.
Gross margin stability, five years. Standard deviation of gross margin; lower is stronger.
Twelve-month failure probability. CHS model; lower is stronger.
Net debt to EBITDA. Lower is stronger.
Net share issuance, one year. Split-adjusted; lower is stronger.
Sleeves are equal-weighted; within a sleeve each computable input carries equal weight. Composite 0.121; sampling error 3.8 percentile points on 124 peers.
Among 124 Peers [top]
Composite score of every graded peer, smoothed. Vertical rules are the letter band edges at the 20th, 40th, 60th and 80th percentiles. Small dots are the six largest peers by market equity.
| Rank | Company | Percentile | Letter | Warnings |
|---|---|---|---|---|
| 82 | Willamette Valley Vineyards Inc. (WVVI) Willamette Valley Vineyards Inc. (WVVI) Dfourth fifth; percentile 66.3 Nasdaq · Beverages last close $1.78 No active warnings; 10 of 14 inputs | 66.3 | D | |
| 83 | Willamette Valley Vineyards Inc. (WVVIP) Willamette Valley Vineyards Inc. (WVVIP) Dfourth fifth; percentile 66.3 Nasdaq · Beverages last close $2.87 No active warnings; 10 of 14 inputs | 66.3 | D | |
| 84 | Constellation Brands, Inc. (STZ) Constellation Brands, Inc. (STZ) Dfourth fifth; percentile 67.5 NYSE · Beverages last close $123.62 No active warnings; 11 of 14 inputs | 67.5 | D | |
| 85 | Campbell'S Co. (CPB) Campbell'S Co. (CPB) Dfourth fifth; percentile 68.3 Nasdaq · Food and Kindred Products market equity $5.8B; last close $19.36 No active warnings; 13 of 14 inputs | 68.3 | D | |
| 86 | Flowers Foods Inc. (FLO) Flowers Foods Inc. (FLO) Dfourth fifth; percentile 69.1 NYSE · Food and Kindred Products market equity $1.3B; last close $5.95 No active warnings; 10 of 14 inputs | 69.1 | D | |
| 87 | Deluxe Corp. (DLX) Deluxe Corp. (DLX) Dfourth fifth; percentile 69.9 NYSE · Blankbooks, Looseleaf Binders & Bookbindg & Relatd Work market equity $1.1B; last close $23.07 No active warnings; 9 of 14 inputs | 69.9 | D | |
| 88 | Kraft Heinz Co. (KHC) Kraft Heinz Co. (KHC) Dfourth fifth; percentile 70.7 NYSE · Canned, Frozen & Preservd Fruit, Veg & Food Specialties market equity $26.7B; last close $22.48 No active warnings; 11 of 14 inputs | 70.7 | D | |
| 89 | Scholastic Corp. (SCHL) Scholastic Corp. (SCHL) Dfourth fifth; percentile 71.5 Nasdaq · Books: Publishing or Publishing & Printing market equity $675.5M; last close $38.37 No active warnings; 7 of 14 inputs | 71.5 | D | |
| 90 | Caleres Inc. (CAL) Caleres Inc. (CAL) Dfourth fifth; percentile 72.4 NYSE · Footwear, (No Rubber) market equity $428.9M; last close $12.42 Warnings: fortress balance sheet; 9 of 14 inputs | 72.4 | D | fortress balance sheet |
| 91 | Village Farms International, Inc. (VFF) Village Farms International, Inc. (VFF) Dfourth fifth; percentile 73.2 Nasdaq · Agricultural Production-Crops market equity $330.2M; last close $2.69 Warnings: fortress balance sheet; 7 of 14 inputs | 73.2 | D | fortress balance sheet |
| 92 | General Mills Inc. (GIS) General Mills Inc. (GIS) Dfourth fifth; percentile 74.0 NYSE · Grain Mill Products market equity $17.4B; last close $32.61 No active warnings; 10 of 14 inputs | 74.0 | D |
| Peer policy | Letter | Percentile | Peers |
|---|---|---|---|
| all graded filers, equal sleeves | D | 65.8 | 2204 |
| sector peers, equal sleeves (the grade) | D | 69.9 | 124 |
| same exchange, equal sleeves | D | 71.5 | 984 |
| sector peers, equal inputs | D | 68.3 | 124 |
Each letter is one fifth of the 124 graded peers, about 24 companies. A boundary letter (A/B, B/C, C/D, D/E) marks a percentile within one sampling error of a band edge.
What the Price Implies [top]
Market measures at the 2026-10-08 close. None enters the grade. Percentile among graded peers with the same measure.
| Measure | Value | Peer median | Percentile | Reading |
|---|---|---|---|---|
| Twelve-month price change, skipping the latest month | 25.5% | (0.2%) | 75 | hotter than 75 of 100 peers |
| Distance from 52-week high | (27.7%) | (24.8%) | 43 | closer to its high than 43 of 100 peers |
| EBIT to enterprise value | 9.8% | 4.1% | 88 | pricier than 12 of 100 peers |
| Free cash flow yield | 16.6% | 4.8% | 90 | pricier than 10 of 100 peers |
| Book value to price | 0.67 | 0.57 | 54 | pricier than 46 of 100 peers |
| Sales to price | 2.02 | 1.20 | 68 | pricier than 32 of 100 peers |
| Composite equity issuance, five years | (21.6%) | (16.3%) | 30 | more equity-funded than 30 of 100 peers |
| Relative strength against the sector, log excess return | 0.13 | (0.10) | 75 | ahead of 75 of 100 peers |
Inputs: market equity $1.1B; EBIT $232.4M; free cash flow $175.3M; book equity $707.9M; sales $2.1B; debt $1.4B; cash $34.9M[29].
Diagnostics [top]
Diagnostics do not feed the grade.
| Piotroski F-score: 6 of 9, period end 2025-12-31 | ||
|---|---|---|
| Return on assets above zero | 2.9% | ✓ pass[4,6] |
| Operating cash flow above zero | $270.6M | ✓ pass[5] |
| Return on assets improved | 1.2 pts | ✓ pass[4,6,25,30] |
| Operating cash flow exceeds net income | $188.5M | ✓ pass[4-5] |
| Long-term leverage fell | 0.0 pts | ✗ fail[1,6,25,31-32] |
| Current ratio improved | 5.7 pts | ✓ pass[17-18,23-24] |
| No new shares issued | 1.5% | ✗ fail[27-28] |
| Gross margin improved | (0.1 pts) | ✗ fail[2-3,7-8] |
| Asset turnover improved | 6.5 pts | ✓ pass[2,6,8,25] |
| Cash, filings, liquidity | |
|---|---|
| Cash and equivalents | $34.9M[33] |
| Operating cash flow, four quarters | $303.1M[5,33-37] |
| Months of runway | not finite |
| trailing operating cash flow is nonnegative, so runway is not finite | |
| Late filings, two years | 0 |
| NT 10-K or NT 10-Q | |
| Days since last periodic filing | 64 |
| 10-Q received Aug 6, 2026 | |
| Median daily dollar volume | $9.9M |
| 63 sessions | |
| Days since newest grade input | 238 |
Downloads [top]
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Sources [top]
Every citation on this page. Filing opens the SEC index page for that submission; viewer opens the SEC interactive data for the same filing; series opens the SEC XBRL API record for that tag and company.
| # | Concept | XBRL tag | Value | Period end | Received | Form | Links |
|---|---|---|---|---|---|---|---|
| 1 | assets | us-gaap:Assets | $2.9B | 2025-12-31 | 2026-02-13 | 10-K | filing · viewer · series |
| 2 | revenue | us-gaap:Revenues | $2.1B | 2025-12-31 | 2026-02-13 | 10-K | filing · viewer · series |
| 3 | cost of revenue | us-gaap:CostOfRevenue | $1.0B | 2025-12-31 | 2026-02-13 | 10-K | filing · viewer · series |
| 4 | net income | us-gaap:NetIncomeLoss | $82.1M | 2025-12-31 | 2026-02-13 | 10-K | filing · viewer · series |
| 5 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | $270.6M | 2025-12-31 | 2026-02-13 | 10-K | filing · viewer · series |
| 6 | assets | us-gaap:Assets | $2.8B | 2024-12-31 | 2026-02-13 | 10-K | filing · viewer · series |
| 7 | gross profit | us-gaap:GrossProfit | $1.1B | 2024-12-31 | 2025-02-21 | 10-K | filing · viewer · series |
| 8 | revenue | us-gaap:Revenues | $2.1B | 2024-12-31 | 2026-02-13 | 10-K | filing · viewer · series |
| 9 | gross profit | us-gaap:GrossProfit | $1.2B | 2023-12-31 | 2025-02-21 | 10-K | filing · viewer · series |
| 10 | revenue | us-gaap:Revenues | $2.2B | 2023-12-31 | 2026-02-13 | 10-K | filing · viewer · series |
| 11 | gross profit | us-gaap:GrossProfit | $1.2B | 2022-12-31 | 2025-02-21 | 10-K | filing · viewer · series |
| 12 | revenue | us-gaap:Revenues | $2.2B | 2022-12-31 | 2025-02-21 | 10-K | filing · viewer · series |
| 13 | gross profit | us-gaap:GrossProfit | $1.1B | 2021-12-31 | 2024-02-22 | 10-K | filing · viewer · series |
| 14 | revenue | us-gaap:Revenues | $2.0B | 2021-12-31 | 2024-02-22 | 10-K | filing · viewer · series |
| 15 | operating income | us-gaap:OperatingIncomeLoss | $232.4M | 2025-12-31 | 2026-02-13 | 10-K | filing · viewer · series |
| 16 | interest expense | us-gaap:InterestExpense | $122.0M | 2025-12-31 | 2026-02-13 | 10-K | filing · viewer · series |
| 17 | current assets | us-gaap:AssetsCurrent | $665.8M | 2025-12-31 | 2026-02-13 | 10-K | filing · viewer · series |
| 18 | current liabilities | us-gaap:LiabilitiesCurrent | $643.2M | 2025-12-31 | 2026-02-13 | 10-K | filing · viewer · series |
| 19 | capital expenditure | us-gaap:PaymentsToAcquirePropertyPlantAndEquipment | $95.3M | 2025-12-31 | 2026-02-13 | 10-K | filing · viewer · series |
| 20 | depreciation amortization | us-gaap:DepreciationDepletionAndAmortization | $137.9M | 2025-12-31 | 2026-02-13 | 10-K | filing · viewer · series |
| 21 | pretax income | us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest | $119.1M | 2025-12-31 | 2026-02-13 | 10-K | filing · viewer · series |
| 22 | income tax | us-gaap:IncomeTaxExpenseBenefit | $36.9M | 2025-12-31 | 2026-02-13 | 10-K | filing · viewer · series |
| 23 | current assets | us-gaap:AssetsCurrent | $611.6M | 2024-12-31 | 2026-02-13 | 10-K | filing · viewer · series |
| 24 | current liabilities | us-gaap:LiabilitiesCurrent | $625.5M | 2024-12-31 | 2026-02-13 | 10-K | filing · viewer · series |
| 25 | assets | us-gaap:Assets | $3.1B | 2023-12-31 | 2025-02-21 | 10-K | filing · viewer · series |
| 26 | assets | us-gaap:Assets | $3.1B | 2022-12-31 | 2024-02-22 | 10-K | filing · viewer · series |
| 27 | shares outstanding | dei:EntityCommonStockSharesOutstanding | 45,081,499 | 2026-02-03 | 2026-02-13 | 10-K | filing · viewer · series |
| 28 | shares outstanding | dei:EntityCommonStockSharesOutstanding | 44,430,803 | 2025-02-12 | 2025-02-21 | 10-K | filing · viewer · series |
| 29 | shares outstanding | dei:EntityCommonStockSharesOutstanding | 45,856,290 | 2026-07-31 | 2026-08-06 | 10-Q | filing · viewer · series |
| 30 | net income | us-gaap:NetIncomeLoss | $52.8M | 2024-12-31 | 2026-02-13 | 10-K | filing · viewer · series |
| 31 | long term debt | us-gaap:LongTermDebtNoncurrent | $1.4B | 2025-12-31 | 2026-02-13 | 10-K | filing · viewer · series |
| 32 | long term debt | us-gaap:LongTermDebtNoncurrent | $1.5B | 2024-12-31 | 2026-02-13 | 10-K | filing · viewer · series |
| 33 | cash | us-gaap:CashAndCashEquivalentsAtCarryingValue | $34.9M | 2026-06-30 | 2026-08-06 | 10-Q | filing · viewer · series |
| 34 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | $133.9M | 2026-06-30 | 2026-08-06 | 10-Q | filing · viewer · series |
| 35 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | $52.7M | 2026-03-31 | 2026-05-07 | 10-Q | filing · viewer · series |
| 36 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | $168.5M | 2025-09-30 | 2025-11-06 | 10-Q | filing · viewer · series |
| 37 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | $101.4M | 2025-06-30 | 2026-08-06 | 10-Q | filing · viewer · series |
Limitations [top]
Grade boundary. Percentile 69.9 is 9.9 points from the nearest band edge; sampling error is 3.8 points.
Peer group. Sector assignment from four-digit SIC codes, hand-tuned and published. The grade under three alternative peer policies is tabled above.
Size. Within a sector the letter tracks size. Among graded filers in the smallest asset band, 72% grade E and 0% grade A; in the largest, 13% grade E and 21% grade A. Universe as of Oct 9, 2026.
Failure model. filings 2012-01-01 to 2019-12-31 fit, filings 2020-01-01 to 2025-12-31 test; status post hoc pending confirmation. pre-registered on 2026 filings once their 12-month outcome windows close; supported if the paired per-quintile gain over the pooled model has a lower bound above 0.05.
Input validity. Revenue or total assets at or below $100,000 sets the degenerate-inputs flag. An input whose denominator is at or below $100,000 is left not computable rather than ranked.
Returns. No input on this page has a post-2015 confidence interval on returns that excludes zero. The grade ranks reported financial condition and is not a return forecast.
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