Loading institutional data...
Loading institutional data...
Held by 2,080 of 5,944 reporting institutions (100th percentile) — extremely crowded.
Data as of Q1 2026
Loading snapshot...
Loading financials...
Loading valuation...
Loading quality & risk...
Loading dividends & returns...
Loading capital allocation...
Loading debt & leverage...
Loading performance...
Loading peer comparison...
Loading ownership map...
Loading crowding analysis...
Loading conviction analysis...
Loading buy/sell flow...
Loading ownership trends...
Loading top holders...
Loading top holders...
Total shares institutions bought (green) vs sold (red) each quarter across all holders.
Inferred from quarter-over-quarter change in each fund's 13F position (new stakes count as buys, exits as sells). Not tick-level trades.
How management deployed cash over 10 years — and what it earned on reinvestment.
A cash-return story — far more went to shareholders than back into the business (mature, low-reinvestment).
Reinvestment has been productive — operating income grew well per dollar put in. Current ROIC on all capital: 40%. Rough measure (includes maintenance capex).
Cash uses aggregated from the SEC cash-flow statement over 10 fiscal years. "Return on reinvestment" is a rough proxy — operating-income change ÷ cumulative CapEx + M&A — and includes maintenance capex. Educational — not a recommendation.
How much the company owes, how it's trended, and how comfortably it's serviced.
Green ≤ 1.5× · amber ≤ 3× · red > 3× (leverage relative to cash earnings).
Interest is easily covered by operating profit. Effective rate ~4.2% on $6.2B of debt.
Cash of $5.4B fully covers short-term debt of $0.
Mostly long-term debt (balance-sheet current vs non-current split). A year-by-year maturity schedule wasn't disclosed for this issuer.
Debt, cash, interest and equity from the SEC balance sheet & income statement. Effective rate = interest ÷ average debt. Educational — not a recommendation.
Solve the discounted cash flow backwards, then stress-test the assumptions.
To be worth $252.67 today, the market must believe free cash flow compounds 1.6%/yr for a decade (off $8.2B normalized FCF).
The market's 1.6% is more conservative than its 9-yr track record.
2-stage DCF · 0.41B shares · net debt $779M
mean 20.3% · volatility σ 15% · implied rate exceeded in 8/9 yrs
Central path = implied 1.6%/yr growth; shaded band = ±1σ (15%) of this company's historical FCF volatility, widening with time. The wider the band, the less certain the growth.
Reverse DCF: rather than guessing a fair value, we solve for the growth the current price implies, then you stress-test the assumptions. Enterprise value of the FCF stream, less net debt, ÷ shares. Educational — not a recommendation.
Is the value real, and is the business safe? Academic scores + earnings quality + solvency, from SEC filings.
Safe > 2.99 · grey 1.81–2.99 · distress < 1.81
Eight indices comparing this year to last (receivables, margins, asset quality, growth, accruals, leverage). Above −1.78 suggests possible manipulation; below −2.22 is clean.
A screen, not proof — high growth alone can raise it.
Earnings are backed by cash (FCF ≥ net income) — high quality. Lower/negative accruals = higher quality (Sloan).
Comfortably covers interest; leverage falling year-over-year.
F-Score (0–9 fundamental momentum), Altman Z (distress risk), and Beneish M (earnings-manipulation screen) are academic models computed from the SEC filings. Screens and context — educational, not recommendations.
What the company returns to shareholders — and whether it's covered by cash.
No dividend to cover. Last year: $0 dividends + $11.3B buybacks = $11.3B returned on $9.9B FCF.
Yields use the latest fiscal-year dividends/buybacks over current market cap. Dividends and buybacks from the SEC cash-flow statement; payout coverage vs net income and free cash flow. Educational — not a recommendation.
EOD close · as of 2026-09-17
How a revenue dollar becomes profit — FY2025
Each value shows its share of revenue below it (common-size).
| Line Item | FY2025 | FY2024 | FY2024 | FY2023 | FY2022 | FY2020 | FY2019 | FY2018 | FY2018 | FY2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $23.77B 100.0% | $21.50B 100.0% | $19.41B 100.0% | $17.61B 100.0% | $15.79B 100.0% | $12.87B 100.0% | $11.17B 100.0% | $9.03B 100.0% | $7.30B 100.0% | $5.85B 100.0% |
| Cost of Revenue | $2.55B 10.7% | $2.36B 11.0% | $2.35B 12.1% | $2.17B 12.3% | $1.86B 11.8% | $1.72B 13.4% | $1.67B 15.0% | $1.20B 13.2% | $1.01B 13.8% | $819.9M 14.0% |
| Cost of Products | — | — | — | — | — | — | — | — | $57.1M 0.8% | $68.9M 1.2% |
| Cost of Services | — | — | — | — | — | — | — | — | $330.4M 4.5% | $289.1M 4.9% |
| Gross Profit | $21.22B 89.3% | $19.15B 89.0% | $17.05B 87.9% | $15.44B 87.7% | $13.92B 88.2% | $11.15B 86.6% | $9.50B 85.0% | $7.83B 86.8% | $6.29B 86.2% | $5.03B 86.0% |
| Selling, General & Admin | $1.57B 6.6% | $1.53B 7.1% | $1.41B 7.3% | $1.22B 6.9% | $1.08B 6.9% | $968.0M 7.5% | $881.0M 7.9% | $745.0M 8.3% | $624.7M 8.6% | $576.2M 9.8% |
| Total Operating Expenses | $12.51B 52.6% | $12.41B 57.7% | $10.40B 53.6% | $9.34B 53.1% | $8.12B 51.4% | $6.91B 53.7% | $6.23B 55.8% | $5.00B 55.3% | $4.12B 56.5% | $3.54B 60.5% |
| Operating Income | $8.71B 36.6% | $6.74B 31.3% | $6.65B 34.3% | $6.10B 34.6% | $5.80B 36.8% | $4.24B 32.9% | $3.27B 29.3% | $2.84B 31.5% | $2.17B 29.7% | $1.49B 25.5% |
| Interest Expense | $263.0M 1.1% | $169.0M 0.8% | $113.0M 0.6% | $112.0M 0.6% | $113.0M 0.7% | $116.0M 0.9% | $157.0M 1.4% | $89.0M 1.0% | $74.4M 1.0% | $70.4M 1.2% |
| Interest & Investment Income | $264.0M 1.1% | $341.0M 1.6% | $269.0M 1.4% | $61.0M 0.3% | $17.0M 0.1% | $43.0M 0.3% | $68.0M 0.6% | $93.0M 1.0% | $66.1M 0.9% | $47.3M 0.8% |
| Other Income (Expense), net | $28.0M 0.1% | $190.0M 0.9% | $149.0M 0.8% | -$90.0M -0.5% | -$97.0M -0.6% | -$61.0M -0.5% | -$63.0M -0.6% | -$46.0M -0.5% | -$30.5M -0.4% | -$58.5M -1.0% |
| Pretax Income | $8.73B 36.7% | $6.93B 32.2% | $6.80B 35.0% | $6.01B 34.1% | $5.71B 36.1% | $4.18B 32.5% | $3.21B 28.7% | $2.79B 30.9% | $2.14B 29.3% | $1.44B 24.5% |
| Income Tax Expense | $1.60B 6.7% | $1.37B 6.4% | $1.37B 7.1% | $1.25B 7.1% | $883.0M 5.6% | -$1.08B -8.4% | $254.0M 2.3% | $203.0M 2.2% | $443.7M 6.1% | $266.4M 4.5% |
| Net Income | $7.13B 30.0% | $5.56B 25.9% | $5.43B 28.0% | $4.76B 27.0% | $4.82B 30.5% | $5.26B 40.9% | $2.95B 26.4% | $2.59B 28.7% | $1.69B 23.2% | $1.17B 20.0% |
| Per Share | ||||||||||
| EPS (Basic) | $16.73 | $12.43 | $11.87 | $10.13 | $10.10 | $10.94 | $6.07 | $5.28 | $3.43 | $2.35 |
| EPS (Diluted) | $16.70 | $12.36 | $11.82 | $10.10 | $10.02 | $10.83 | $6.00 | $5.20 | $3.38 | $2.32 |
| Weighted Avg Shares (Basic) | 426.2M | 447.1M | 457.1M | 469.5M | 477.3M | 480.9M | 486.3M | 490.6M | 493.6M | 498.3M |
| Weighted Avg Shares (Diluted) | 427.0M | 449.7M | 459.1M | 470.9M | 481.0M | 485.5M | 491.6M | 497.8M | 501.1M | 504.3M |
Source: SEC EDGAR XBRL filings (annual, fiscal year). Quarterly flow items are derived from cumulative filings; balance-sheet figures are as-of each period end. Ratios and margins are computed, not reported.
Ranked against 743 sector peers with collected financials. Valuation from latest close × latest fiscal-year fundamentals; 13F conviction as of 2026-03-31.
Percentile is “goodness” within the peer set (100 = best). For valuation and leverage that means cheaper / less-levered ranks higher.
| Company | Mkt cap ▼ | P/E | EV/EBITDA | P/S | Rev gr | Gross | Net | ROE | ROIC | Net D/EBITDA | 13F |
|---|---|---|---|---|---|---|---|---|---|---|---|
| TSM | $10.83T | — | — | — | — | — | — | — | — | — | 3,121 |
| NVDA | $5.20T | 43.6× | 39.0× | 24.1× | 65.5% | 71.1% | 55.6% | 76.3% | 72.4% | 0.1× | 5,582 |
| AAPL | $4.91T | 44.6× | 34.3× | 11.8× | 6.4% | 46.9% | 26.9% | 152% | 68.1% | 0.6× | 5,858 |
| MSFT | $3.64T | 27.3× | 19.3× | 11.0× | 17.8% | 67.9% | 40.3% | 30.2% | 27.7% | 0.2× | 5,944 |
| AVGO | $1.61T | 71.2× | 63.6× | 25.2× | 23.9% | 67.8% | 36.2% | 28.4% | 15.8% | 2.5× | 4,442 |
| MU | $1.04T | 122.1× | 57.5× | 27.8× | 48.9% | 39.8% | 22.8% | 15.8% | 12.9% | 0.7× | 2,894 |
| AMD | $835.4B | 193.4× | 197.6× | 24.1× | 34.3% | 49.5% | 12.5% | 6.9% | 6.5% | 0.8× | 3,059 |
| INTC | $504.6B | — | 62.9× | 9.6× | -0.5% | 34.8% | -0.5% | -0.2% | -0.2% | 5.5× | 2,495 |
| CSCO | $426.7B | 42.3× | 35.8× | 7.5× | 5.3% | 64.9% | 18.0% | 21.7% | 13.6% | 2.3× | 3,560 |
| PLTR | $416.9B | 276.7× | 288.5× | 93.2× | 56.2% | 82.4% | 36.3% | 22.0% | 22.0% | — | 2,883 |
| DELL | $367.3B | 64.9× | 34.6× | 3.2× | 18.8% | 20.0% | 5.2% | -240% | 20.4% | 2.8× | 1,564 |
| LRCX | $341.6B | 64.9× | 54.5× | 18.5× | 23.7% | 48.7% | 29.1% | 54.3% | 37.4% | 0.7× | 2,500 |
| AMAT | $329.4B | 48.0× | 37.9× | 11.6× | 4.4% | 48.7% | 24.7% | 34.3% | 25.9% | 0.8× | 2,826 |
| RPAY | $325.1B | — | — | 1051.3× | -1.2% | 75.0% | -83.0% | -53.0% | -28.2% | -1.7× | 142 |
| UMC | $283.0B | — | — | — | — | — | — | — | — | — | 302 |
| SAP | $261.9B | — | — | — | — | — | — | — | — | — | 794 |
| ARM | $259.6B | 287.0× | 223.6× | 52.8× | 22.8% | 97.5% | 18.4% | 10.9% | 10.9% | — | 730 |
| PANW | $250.9B | 234.8× | 156.8× | 27.2× | 14.9% | 73.4% | 12.3% | 14.5% | 14.5% | — | 2,374 |
| ANET | $248.2B | 71.8× | 62.7× | 27.6× | 28.6% | 64.1% | 39.0% | 28.4% | 28.4% | — | 1,930 |
| TXN | $236.9B | 47.8× | 31.2× | 13.4× | 13.0% | 57.0% | 28.3% | 30.7% | 16.5% | 1.8× | 2,345 |
| CRM | $232.8B | 32.1× | 25.2× | 5.6× | 9.6% | 77.7% | 18.0% | 12.6% | 10.1% | 1.5× | 2,547 |
| IBM | $222.5B | 21.3× | — | 3.3× | 7.6% | 58.2% | 15.7% | 32.4% | 11.3% | — | 3,351 |
| SNDK | $221.9B | — | — | 30.2× | 10.4% | 30.1% | -22.3% | -17.8% | -14.8% | -1.5× | 1,127 |
| QCOM | $198.5B | 36.9× | 14.9× | 4.5× | 13.7% | 55.4% | 12.5% | 26.1% | 15.4% | 1.1× | 2,611 |
| MRVL | $194.6B | 74.8× | 127.2× | 23.8× | 42.1% | 51.0% | 32.6% | 18.7% | 14.2% | 2.9× | 1,477 |
| ADBE | $103.5B | 15.0× | 10.9× | 4.3× | 10.5% | 89.3% | 30.0% | 61.3% | 40.0% | 0.7× | 2,080 |
Peers = companies sharing ADBE's sector (Technology) with collected SEC financials. Multiples use the most recent end-of-day close and latest fiscal-year fundamentals (trailing, not forward). Missing cells mean the peer never reported that line item, has no collected price, or has a non-positive denominator. Not investment advice.
EOD close · as of 2026-09-17
Nothing notable to watch.
Is the profit real, and how strong is the balance sheet?
FY2025 · every deduction from revenue to net income
DuPont — the three levers
Returns are margin-driven, not leverage-driven — higher quality.
What the company owes vs. what it holds
Year-by-year maturities aren't in SEC companyfacts (footnote-only), so this shows the debt/cash structure and net leverage instead.
Latest year: profit growth vs revenue growth
High operating leverage: profit moved 2.8× as fast as sales — great in an upturn, painful in a downturn.
Each line as % of revenue — the trend in color
| % of revenue | FY2018 | FY2019 | FY2020 | FY2022 | FY2023 | FY2024 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|
| Cost of Revenue | 13.2 | 15.0 | 13.4 | 11.8 | 12.3 | 12.1 | 11.0 | 10.7 |
| Gross Profit | 86.8 | 85.0 | 86.6 | 88.2 | 87.7 | 87.9 | 89.0 | 89.3 |
| SG&A | 8.3 | 7.9 | 7.5 | 6.9 | 6.9 | 7.3 | 7.1 | 6.6 |
| Operating Income | 31.5 | 29.3 | 32.9 | 36.8 | 34.6 | 34.3 | 31.3 | 36.6 |
| Income Tax | 2.2 | 2.3 | -8.4 | 5.6 | 7.1 | 7.1 | 6.4 | 6.7 |
| Net Income | 28.7 | 26.4 | 40.9 | 30.5 | 27.0 | 28.0 | 25.9 | 30.0 |
Green = margin-favorable vs the row's own range · red = unfavorable.
The metrics that matter, over time
A 30-second read on ADBE: price, valuation, headline fundamentals, and an auto-generated scorecard from SEC filings. Flags are rule-based signals, not recommendations.
Total return (dividends reinvested) vs the market, from quarter-end prices.
Above 0 = ahead of the S&P 500 since the window start; below 0 = behind. Rising means it's pulling ahead.
How far the stock fell below its prior peak. Deeper, longer drawdowns = a rougher ride to the same return.
Quarter-end, dividend-adjusted (total return). Beta & volatility from quarterly returns (annualized). Benchmark is the S&P 500 (SPY total return). Annual returns compound the quarters ending in each calendar year; the first and last years in a window may be partial. Past performance doesn't predict future results.