How it works
StockLens uses publicly available data from the SEC to screen thousands of US-listed companies against a single, time-tested measure of business quality — Return on Invested Capital.
All financial data is pulled directly from SEC EDGAR — the US Securities and Exchange Commission's official public repository of company filings. Every company listed on a US exchange is legally required to file audited annual reports, known as 10-K filings, with the SEC. These documents contain the full picture of a company's financial health: income statements, balance sheets, cash flow statements, and detailed business descriptions, all prepared under strict accounting standards and verified by independent auditors.
Because the data comes directly from legally binding filings rather than news feeds, estimates, or analyst summaries, it reflects what companies have actually reported — not what someone thinks they reported. This makes it one of the most reliable sources of financial information available to the public, and it costs nothing to access.
This approach means the data you see on StockLens is as close to the source as it is possible to get without reading the filings yourself. When a company reports its earnings, that information flows from the SEC's servers directly into our analysis. No delays, no markups, no vendor dependencies. The same data that institutional investors and regulators rely on — available to everyone, for free.
This is not financial advice. StockLens is a screening tool, not an investment advisory service. A high ROIC does not guarantee future performance. Past results do not predict future returns. Always do your own research and consult a qualified financial adviser before making any investment decisions.