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Held by 1,329 of 5,944 reporting institutions (99th 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
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 |
|---|---|---|---|---|---|---|---|
| Revenue | $5.48B 100.0% | $3.22B 100.0% | $1.84B 100.0% | $2.82B 100.0% | $2.79B 100.0% | $1.45B 100.0% | $994.1M 100.0% |
| Cost of Revenue | $665.1M 12.1% | $520.6M 16.1% | $356.6M 19.4% | $1.26B 44.6% | $988.1M 35.4% | $555.6M 38.3% | $241.3M 24.3% |
| Research & Development | $226.5M 4.1% | $374.7M 11.6% | $333.8M 18.1% | $507.6M 18.0% | $366.4M 13.1% | $180.7M 12.4% | $45.0M 4.5% |
| Selling, General & Admin | $233.5M 4.3% | $164.9M 5.1% | $150.9M 8.2% | $181.6M 6.4% | $158.7M 5.7% | $66.4M 4.6% | $31.7M 3.2% |
| Total Operating Expenses | $1.33B 24.2% | $1.31B 40.7% | $1.07B 58.1% | $2.86B 101.7% | $2.64B 94.6% | $1.51B 104.3% | $799.7M 80.4% |
| Operating Income | $4.15B 75.8% | $1.91B 59.3% | $772.4M 41.9% | -$47.8M -1.7% | $150.0M 5.4% | -$62.0M -4.3% | $194.4M 19.6% |
| Interest Expense | $200.6M 3.7% | $308.0M 9.6% | $281.7M 15.3% | $172.2M 6.1% | $103.2M 3.7% | $77.9M 5.4% | $74.0M 7.4% |
| Other Income (Expense), net | -$199.0M -3.6% | -$299.0M -9.3% | -$270.8M -14.7% | -$157.4M -5.6% | -$103.7M -3.7% | -$73.7M -5.1% | -$68.1M -6.9% |
| Pretax Income | $3.95B 72.1% | $1.61B 50.0% | $501.6M 27.2% | -$205.2M -7.3% | $46.3M 1.7% | -$135.7M -9.4% | $126.2M 12.7% |
| Income Tax Expense | $519.7M 9.5% | $22.4M 0.7% | $43.8M 2.4% | -$12.2M -0.4% | $11.0M 0.4% | -$9.8M -0.7% | $7.2M 0.7% |
| Net Income | $3.33B 60.8% | $1.58B 49.0% | $357.0M 19.4% | -$193.0M -6.9% | $35.0M 1.3% | -$125.2M -8.6% | $119.0M 12.0% |
| Per Share | |||||||
| EPS (Basic) | $9.84 | $4.68 | $1.01 | $-0.52 | $0.10 | $-0.58 | $0.36 |
| EPS (Diluted) | $9.75 | $4.53 | $0.98 | $-0.52 | $0.09 | $-0.58 | $0.36 |
| Weighted Avg Shares (Basic) | 338.8M | 336.9M | 352.0M | 371.6M | 324.8M | 214.9M | 210.9M |
| Weighted Avg Shares (Diluted) | 342.0M | 347.8M | 362.6M | 371.6M | 342.8M | 214.9M | 212.4M |
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.
Solve the discounted cash flow backwards, then stress-test the assumptions.
To be worth $321.60 today, the market must believe free cash flow compounds 24.8%/yr for a decade (off $1.6B normalized FCF).
2-stage DCF · 0.34B shares · net debt $1.0B
mean 69.1% · volatility σ 61% · implied rate exceeded in 3/5 yrs
Central path = implied 24.8%/yr growth; shaded band = ±1σ (61%) 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
Needs granular two-year detail (receivables, PP&E, D&A, SG&A) — not fully reported.
Cash-conversion data unavailable. 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 + $2.2B buybacks = $2.2B returned.
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 7 years — and what it earned on reinvestment.
A balanced mix of reinvestment and shareholder returns.
Reinvestment has been productive — operating income grew well per dollar put in. Current ROIC on all capital: 59%. Rough measure (includes maintenance capex).
Cash uses aggregated from the SEC cash-flow statement over 7 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 $2.5B covers the $30M due within a year 82.9× over. Scheduled principal only (excludes interest & revolver draws). As of 2023-12-31 (10-K).
Green ≤ 1.5× · amber ≤ 3× · red > 3× (leverage relative to cash earnings).
Interest is easily covered by operating profit. Effective rate ~5.7% on $3.5B of debt.
Cash vs short-term debt unavailable.
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.
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.
EOD close · as of 2026-09-17
No material risks flagged.
Where each multiple sits in its own 5-yr range · 40th pct blended
Dot = today · shaded = middle 50% · line = median. Lower percentile = cheaper vs its own 5-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
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 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 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|
| Cost of Revenue | 24.3 | 38.3 | 35.4 | 44.6 | 19.4 | 16.1 | 12.1 |
| R&D | 4.5 | 12.4 | 13.1 | 18.0 | 18.1 | 11.6 | 4.1 |
| SG&A | 3.2 | 4.6 | 5.7 | 6.4 | 8.2 | 5.1 | 4.3 |
| Operating Income | 19.6 | -4.3 | 5.4 | -1.7 | 41.9 | 59.3 | 75.8 |
| Income Tax | 0.7 | -0.7 | 0.4 | -0.4 | 2.4 | 0.7 | 9.5 |
| Net Income | 12.0 | -8.6 | 1.3 | -6.9 | 19.4 | 49.0 | 60.8 |
Green = margin-favorable vs the row's own range · red = unfavorable.
The metrics that matter, over time
A 30-second read on APP: price, valuation, headline fundamentals, and an auto-generated scorecard from SEC filings. Flags are rule-based signals, not recommendations.
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 | $4.98T | 45.2× | 34.8× | 12.0× | 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 | $888.5B | 205.7× | 210.2× | 25.6× | 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 | $331.0B | 48.2× | 38.1× | 11.7× | 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 |
| ARM | $281.9B | 311.6× | 242.9× | 57.3× | 22.8% | 97.5% | 18.4% | 10.9% | 10.9% | — | 730 |
| SAP | $261.9B | — | — | — | — | — | — | — | — | — | 794 |
| PANW | $250.9B | 234.8× | 156.8× | 27.2× | 14.9% | 73.4% | 12.3% | 14.5% | 14.5% | — | 2,374 |
| ANET | $250.7B | 72.6× | 63.3× | 27.8× | 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 |
| APP | $108.8B | 33.0× | 25.3× | 19.9× | 70.0% | 87.9% | 60.8% | 156% | 59.0% | 0.8× | 1,329 |
Peers = companies sharing APP'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.