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Held by 2,017 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.
Solve the discounted cash flow backwards, then stress-test the assumptions.
To be worth $78.37 today, the market must believe free cash flow compounds 12.9%/yr for a decade (off $2.9B normalized FCF).
The market's 12.9% is more conservative than its 9-yr track record.
2-stage DCF · 1.23B shares · net debt -$11.1B
mean 24.0% · volatility σ 38% · implied rate exceeded in 4/9 yrs
Central path = implied 12.9%/yr growth; shaded band = ±1σ (38%) 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.
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
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 | $23.09B 100.0% | $15.22B 100.0% | $12.55B 100.0% | $12.62B 100.0% | $10.88B 100.0% | $8.60B 100.0% | $8.23B 100.0% | $8.20B 100.0% | $7.01B 100.0% | $6.29B 100.0% |
| Cost of Revenue | $14.58B 63.1% | $10.08B 66.2% | $8.47B 67.5% | $8.59B 68.1% | $7.47B 68.7% | $5.93B 69.0% | $5.61B 68.2% | $5.55B 67.6% | $4.70B 67.1% | $4.25B 67.5% |
| Cost of Products | — | — | — | — | — | — | — | — | $4.70B 67.1% | $4.25B 67.5% |
| Gross Profit | $8.52B 36.9% | $5.14B 33.8% | $4.08B 32.5% | $4.03B 31.9% | $3.40B 31.3% | $2.66B 31.0% | $2.62B 31.8% | $2.65B 32.4% | $2.31B 32.9% | $2.04B 32.5% |
| Research & Development | $647.0M 2.8% | $453.0M 3.0% | $342.2M 2.7% | $323.6M 2.6% | $317.7M 2.9% | $260.7M 3.0% | $234.2M 2.8% | $220.9M 2.7% | $193.7M 2.8% | $166.1M 2.6% |
| Selling, General & Admin | $2.55B 11.0% | $1.86B 12.2% | $1.49B 11.9% | $1.42B 11.3% | $1.23B 11.3% | $1.01B 11.8% | $971.4M 11.8% | $959.5M 11.7% | $878.3M 12.5% | $798.2M 12.7% |
| Operating Income | $5.87B 25.4% | $3.16B 20.7% | $2.56B 20.4% | $2.59B 20.5% | $2.11B 19.4% | $1.64B 19.1% | $1.62B 19.7% | $1.69B 20.6% | $1.43B 20.4% | $1.21B 19.2% |
| Interest Expense | $367.8M 1.6% | $217.0M 1.4% | $139.5M 1.1% | $128.4M 1.0% | $115.5M 1.1% | $115.4M 1.3% | $117.6M 1.4% | $101.7M 1.2% | $92.3M 1.3% | $72.6M 1.2% |
| Interest & Investment Income | — | — | — | — | — | — | — | — | $20.2M 0.3% | $11.5M 0.2% |
| Other Income (Expense), net | $99.9M 0.4% | $72.0M 0.5% | $29.3M 0.2% | $10.0M 0.1% | -$400K -0.0% | $3.6M 0.0% | $8.6M 0.1% | $3.2M 0.0% | $17.1M 0.2% | $8.5M 0.1% |
| Pretax Income | $5.60B 24.3% | $3.01B 19.8% | $2.45B 19.6% | $2.47B 19.5% | $1.99B 18.3% | $1.53B 17.8% | $1.50B 18.2% | $1.59B 19.4% | $1.35B 19.3% | $1.14B 18.2% |
| Income Tax Expense | $1.30B 5.6% | $570.3M 3.7% | $509.3M 4.1% | $550.6M 4.4% | $409.1M 3.8% | $313.3M 3.6% | $331.9M 4.0% | $371.5M 4.5% | $691.7M 9.9% | $308.5M 4.9% |
| Net Income | $4.27B 18.5% | $2.42B 15.9% | $1.93B 15.4% | $1.90B 15.1% | $1.59B 14.6% | $1.20B 14.0% | $1.16B 14.0% | $1.21B 14.7% | $650.5M 9.3% | $822.9M 13.1% |
| Per Share | ||||||||||
| EPS (Basic) | $3.51 | $2.01 | $1.62 | $1.60 | $2.66 | $2.02 | $1.94 | $4.00 | $2.13 | $2.67 |
| EPS (Diluted) | $3.34 | $1.92 | $1.55 | $1.53 | $2.54 | $1.96 | $1.88 | $3.85 | $2.06 | $2.61 |
| Weighted Avg Shares (Basic) | 1.22B | 1.20B | 1.19B | 1.19B | 597.9M | 596.1M | 595.0M | 301.2M | 305.7M | 308.3M |
| Weighted Avg Shares (Diluted) | 1.28B | 1.26B | 1.24B | 1.24B | 625.5M | 615.0M | 615.9M | 312.6M | 316.5M | 315.2M |
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.
Is the value real, and is the business safe? Academic scores + earnings quality + solvency, from SEC filings.
6/8 of the 9 checks — 1 couldn't be scored (see above), so the score is out of the 8 with data.
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.
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 18% of free cash flow, leaving room to grow it and fund buybacks. Last year: $802M dividends + $665M buybacks = $1.5B returned on $4.4B FCF.
2 consecutive years of dividend increases · 2%/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 reinvestment story — most cash went back into growth rather than to shareholders.
Reinvestment has been productive — operating income grew well per dollar put in. Current ROIC on all capital: 32%. 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 $11.1B covers the $937M due within a year 11.9× over. Scheduled principal only (excludes interest & revolver draws). As of 2025-12-31 (10-K).
Green ≤ 1.5× · amber ≤ 3× · red > 3× (leverage relative to cash earnings).
Interest is easily covered by operating profit.
Cash vs short-term debt unavailable.
Short-term / long-term split not separately reported.
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
No material risks flagged.
Where each multiple sits in its own 14-yr range · 79th pct blended
Dot = today · shaded = middle 50% · line = median. Lower percentile = cheaper vs its own 14-yr history.
Is the profit real, and how strong is the balance sheet?
FY2025 · every deduction from revenue to net income
DuPont — the three levers
Watch the leverage lever — a chunk of ROE comes from the balance sheet.
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 1.7× 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 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|
| Cost of Revenue | 67.6 | 68.2 | 69.0 | 68.7 | 68.1 | 67.5 | 66.2 | 63.1 |
| Gross Profit | 32.4 | 31.8 | 31.0 | 31.3 | 31.9 | 32.5 | 33.8 | 36.9 |
| R&D | 2.7 | 2.8 | 3.0 | 2.9 | 2.6 | 2.7 | 3.0 | 2.8 |
| SG&A | 11.7 | 11.8 | 11.8 | 11.3 | 11.3 | 11.9 | 12.2 | 11.0 |
| Operating Income | 20.6 | 19.7 | 19.1 | 19.4 | 20.5 | 20.4 | 20.7 | 25.4 |
| Income Tax | 4.5 | 4.0 | 3.6 | 3.8 | 4.4 | 4.1 | 3.7 | 5.6 |
| Net Income | 14.7 | 14.0 | 14.0 | 14.6 | 15.1 | 15.4 | 15.9 | 18.5 |
Green = margin-favorable vs the row's own range · red = unfavorable.
The metrics that matter, over time
A 30-second read on APH: 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.
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 |
| APH | $94.8B | 23.1× | 12.3× | 4.1× | 51.7% | 36.9% | 18.5% | 31.8% | 31.8% | — | 2,017 |
Peers = companies sharing APH'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.