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Held by 2,826 of 5,944 reporting institutions (100th percentile) — extremely crowded.
Data as of Q1 2026
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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.
Top 40 institutional holders — bubble size is position value, color is the move since last quarter. Hover any holder for detail.
Drag any bubble to rearrange · size = dollar value of the position
Solve the discounted cash flow backwards, then stress-test the assumptions.
To be worth $417.40 today, the market must believe free cash flow compounds 19.6%/yr for a decade (off $6.9B normalized FCF).
The market's 19.6% is more optimistic than its 9-yr track record.
2-stage DCF · 0.79B shares · net debt -$686M
mean 14.1% · volatility σ 31% · implied rate exceeded in 4/9 yrs
Central path = implied 19.6%/yr growth; shaded band = ±1σ (31%) 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.
Cash conversion lags reported earnings — watch accruals. 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.
The dividend is comfortably covered — only 24% of free cash flow, leaving room to grow it and fund buybacks. Last year: $1.4B dividends + $4.9B buybacks = $6.3B returned on $5.7B FCF.
8 consecutive years of dividend increases · 17%/yr.
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.
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: 26%. 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.
Cash of $7.2B covers all $205M of scheduled principal — no refinancing pressure. Scheduled principal only (excludes interest & revolver draws). As of 2010-10-31 (10-K).
Green ≤ 1.5× · amber ≤ 3× · red > 3× (leverage relative to cash earnings).
Interest is easily covered by operating profit. Effective rate ~4.1% on $6.6B of debt.
Cash of $7.2B fully covers short-term debt of $100M.
Mostly long-term debt (balance-sheet current vs non-current split). See the maturity ladder above for the year-by-year repayment schedule.
Debt, cash, interest and equity from the SEC balance sheet & income statement. Effective rate = interest ÷ average debt. Maturity ladder from the SEC long-term-debt repayment schedule. Educational — not a recommendation.
EOD close · as of 2026-09-17
Nothing notable to watch.
No material risks flagged.
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
Low operating leverage — profit tracks sales closely (stable, less cyclical).
Each line as % of revenue — the trend in color
| % of revenue | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|
| Cost of Revenue | 55.0 | 56.3 | 55.3 | 52.7 | 53.5 | 53.3 | 52.5 | 51.3 |
| Gross Profit | 45.0 | 43.7 | 44.7 | 47.3 | 46.5 | 46.7 | 47.5 | 48.7 |
| R&D | 12.1 | 14.1 | 13.0 | 10.8 | 10.7 | 11.7 | 11.9 | 12.6 |
| SG&A | 2.9 | 3.2 | 3.3 | 2.7 | 2.9 | 6.1 | 6.6 | 6.2 |
| Operating Income | 26.9 | 22.9 | 25.4 | 29.9 | 30.2 | 28.9 | 28.9 | 29.2 |
| Income Tax | 8.1 | 3.9 | 3.2 | 3.8 | 4.2 | 3.2 | 3.6 | 8.0 |
| Net Income | 18.2 | 18.5 | 21.0 | 25.5 | 25.3 | 25.9 | 26.4 | 24.7 |
Green = margin-favorable vs the row's own range · red = unfavorable.
The metrics that matter, over time
A 30-second read on AMAT: price, valuation, headline fundamentals, and an auto-generated scorecard from SEC filings. Flags are rule-based signals, not recommendations.
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 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $28.37B 100.0% | $27.18B 100.0% | $26.52B 100.0% | $25.79B 100.0% | $23.06B 100.0% | $17.20B 100.0% | $14.61B 100.0% | $16.70B 100.0% | $14.70B 100.0% | $10.82B 100.0% |
| Cost of Revenue | $14.56B 51.3% | $14.28B 52.5% | $14.13B 53.3% | $13.79B 53.5% | $12.15B 52.7% | $9.51B 55.3% | $8.22B 56.3% | $9.19B 55.0% | $8.09B 55.0% | $6.31B 58.3% |
| Gross Profit | $13.81B 48.7% | $12.90B 47.5% | $12.38B 46.7% | $11.99B 46.5% | $10.91B 47.3% | $7.69B 44.7% | $6.39B 43.7% | $7.52B 45.0% | $6.61B 45.0% | $4.51B 41.7% |
| Research & Development | $3.57B 12.6% | $3.23B 11.9% | $3.10B 11.7% | $2.77B 10.7% | $2.48B 10.8% | $2.23B 13.0% | $2.05B 14.1% | $2.02B 12.1% | $1.78B 12.1% | $1.54B 14.2% |
| Selling, General & Admin | $1.77B 6.2% | $1.80B 6.6% | $1.63B 6.1% | $735.0M 2.9% | $620.0M 2.7% | $567.0M 3.3% | $461.0M 3.2% | $483.0M 2.9% | $438.0M 3.0% | $390.0M 3.6% |
| Total Operating Expenses | $5.52B 19.5% | $5.03B 18.5% | $4.73B 17.8% | $4.21B 16.3% | $4.03B 17.5% | $3.33B 19.3% | $3.04B 20.8% | $3.03B 18.1% | $2.68B 18.2% | $2.36B 21.8% |
| Operating Income | $8.29B 29.2% | $7.87B 28.9% | $7.65B 28.9% | $7.79B 30.2% | $6.89B 29.9% | $4.37B 25.4% | $3.35B 22.9% | $4.49B 26.9% | $3.94B 26.8% | $2.15B 19.9% |
| Interest Expense | $269.0M 0.9% | $247.0M 0.9% | $238.0M 0.9% | $228.0M 0.9% | $236.0M 1.0% | $240.0M 1.4% | $237.0M 1.6% | $234.0M 1.4% | $198.0M 1.3% | $155.0M 1.4% |
| Interest & Investment Income | $406.0M 1.4% | $486.0M 1.8% | $262.0M 1.0% | — | — | — | — | — | — | — |
| Other Income (Expense), net | $1.25B 4.4% | $532.0M 2.0% | $300.0M 1.1% | $39.0M 0.2% | $118.0M 0.5% | $41.0M 0.2% | $156.0M 1.1% | $139.0M 0.8% | $78.0M 0.5% | $16.0M 0.1% |
| Pretax Income | $9.27B 32.7% | $8.15B 30.0% | $7.72B 29.1% | $7.60B 29.5% | $6.77B 29.4% | $4.17B 24.2% | $3.27B 22.4% | $4.40B 26.3% | $3.82B 26.0% | $2.01B 18.6% |
| Income Tax Expense | $2.27B 8.0% | $975.0M 3.6% | $860.0M 3.2% | $1.07B 4.2% | $883.0M 3.8% | $547.0M 3.2% | $563.0M 3.9% | $1.36B 8.1% | $297.0M 2.0% | $292.0M 2.7% |
| Net Income | $7.00B 24.7% | $7.18B 26.4% | $6.86B 25.9% | $6.53B 25.3% | $5.89B 25.5% | $3.62B 21.0% | $2.71B 18.5% | $3.04B 18.2% | $3.52B 23.9% | $1.72B 15.9% |
| Per Share | ||||||||||
| EPS (Basic) | $8.71 | $8.68 | $8.16 | $7.49 | $6.47 | $3.95 | $2.89 | $3.00 | $3.28 | $1.56 |
| EPS (Diluted) | $8.66 | $8.61 | $8.11 | $7.44 | $6.40 | $3.92 | $2.86 | $2.96 | $3.25 | $1.54 |
| Weighted Avg Shares (Basic) | 804.0M | 827.0M | 840.0M | 871.0M | 910.0M | 916.0M | 937.0M | 1.01B | 1.07B | 1.11B |
| Weighted Avg Shares (Diluted) | 808.0M | 834.0M | 845.0M | 877.0M | 919.0M | 923.0M | 945.0M | 1.03B | 1.08B | 1.12B |
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.
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.
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 |
Peers = companies sharing AMAT'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.