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Held by 194 of 5,944 reporting institutions (91th 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 $10.96 today, the market must believe free cash flow compounds 40.8%/yr for a decade (off $8M normalized FCF).
The market's 40.8% is more conservative than its 2-yr track record.
2-stage DCF · 0.12B shares · net debt $323M
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 data unavailable. Lower/negative accruals = higher quality (Sloan).
Interest coverage is thin — monitor; leverage rising 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 + $0 buybacks = $0 returned on $11M 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.
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: -7%. 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 $38M covers all $20M of scheduled principal — no refinancing pressure. Scheduled principal only (excludes interest & revolver draws). As of 2020-03-31 (10-K).
Green ≤ 1.5× · amber ≤ 3× · red > 3× (leverage relative to cash earnings).
Thin coverage — earnings barely cover interest. Effective rate ~16.2% on $361M of debt.
Cash of $38M fully covers short-term debt of $7M.
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.
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 — FY2026
Each value shows its share of revenue below it (common-size).
| Line Item | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $565.3M 100.0% | $490.5M 100.0% | $544.5M 100.0% | $665.9M 100.0% | $747.6M 100.0% | $313.6M 100.0% | $138.7M 100.0% | $103.6M 100.0% | $74.8M 100.0% | $40.2M 100.0% |
| Cost of Revenue | $243.6M 43.1% | $235.3M 48.0% | $262.2M 48.2% | $309.2M 46.4% | $370.6M 49.6% | $178.6M 57.0% | $85.0M 61.3% | $68.0M 65.7% | $49.7M 66.5% | $28.9M 72.0% |
| Gross Profit | $321.6M 56.9% | $255.2M 52.0% | $282.3M 51.8% | $356.7M 53.6% | $376.9M 50.4% | $134.9M 43.0% | $55.1M 39.7% | $35.6M 34.3% | $25.1M 33.5% | $11.3M 28.0% |
| Research & Development | $40.5M 7.2% | $39.5M 8.0% | $54.2M 9.9% | $56.5M 8.5% | $52.7M 7.1% | $20.1M 6.4% | $12.0M 8.7% | $10.9M 10.5% | $9.7M 12.9% | $9.3M 23.1% |
| Selling, General & Admin | $142.1M 25.1% | $173.6M 35.4% | $169.6M 31.2% | $154.3M 23.2% | $138.8M 18.6% | $33.9M 10.8% | $17.2M 12.4% | $13.0M 12.6% | $15.1M 20.2% | $14.8M 36.7% |
| Total Operating Expenses | $531.2M 94.0% | $544.6M 111.0% | $918.9M 168.8% | $619.8M 93.1% | $655.4M 87.7% | $254.4M 81.1% | $40.5M 29.2% | $32.1M 31.0% | $30.9M 41.3% | $28.2M 70.2% |
| Operating Income | $34.0M 6.0% | -$54.1M -11.0% | -$374.4M -68.8% | $46.2M 6.9% | $92.2M 12.3% | $59.2M 18.9% | $13.2M 9.5% | $3.4M 3.3% | -$5.8M -7.8% | -$17.0M -42.2% |
| Interest Expense | $58.6M 10.4% | $34.8M 7.1% | $30.8M 5.7% | $23.4M 3.5% | $8.5M 1.1% | $1.0M 0.3% | $107K 0.1% | $1.1M 1.1% | $2.1M 2.8% | — |
| Other Income (Expense), net | -$65.4M -11.6% | -$33.8M -6.9% | -$30.7M -5.6% | -$24.1M -3.6% | -$48.3M -6.5% | -$17.4M -5.5% | -$9.3M -6.7% | -$7.3M -7.0% | -$14.8M -19.9% | -$2.3M -5.7% |
| Pretax Income | -$31.3M -5.5% | -$87.9M -17.9% | -$405.1M -74.4% | $22.0M 3.3% | $44.0M 5.9% | $41.9M 13.3% | $3.9M 2.8% | -$3.8M -3.7% | -$20.6M -27.6% | -$19.3M -48.0% |
| Income Tax Expense | $6.4M 1.1% | $4.2M 0.9% | $15.3M 2.8% | $5.1M 0.8% | $8.4M 1.1% | -$13.0M -4.2% | -$10.4M -7.5% | $469K 0.5% | -$951K -1.3% | -$144K -0.4% |
| Net Income | -$37.7M -6.7% | -$92.1M -18.8% | -$420.2M -77.2% | $16.7M 2.5% | $35.5M 4.8% | $54.9M 17.5% | $13.9M 10.0% | -$6.0M -5.8% | -$52.9M -70.7% | -$24.3M -60.3% |
| Per Share | ||||||||||
| EPS (Basic) | $-0.33 | $-0.89 | $-4.16 | $0.17 | $0.37 | $0.62 | $0.17 | $-0.08 | $-0.75 | — |
| EPS (Diluted) | $-0.33 | $-0.89 | $-4.16 | $0.16 | $0.35 | $0.57 | $0.16 | $-0.08 | $-0.75 | — |
| Weighted Avg Shares (Basic) | 112.9M | 103.7M | 101.0M | 98.8M | 95.2M | 88.5M | 84.6M | 77.4M | 70.3M | — |
| Weighted Avg Shares (Diluted) | 112.9M | 103.7M | 101.0M | 101.8M | 102.6M | 96.2M | 89.6M | 77.4M | 70.3M | — |
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.
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 |
| APPS | $1.3B | — | 25.5× | 2.3× | 15.2% | 56.9% | -6.7% | -19.6% | -6.8% | 5.6× | 194 |
Peers = companies sharing APPS'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
Where each multiple sits in its own 15-yr range · 52th pct blended
Dot = today · shaded = middle 50% · line = median. Lower percentile = cheaper vs its own 15-yr history.
Is the profit real, and how strong is the balance sheet?
FY2026 · 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
Profit and sales moved in opposite directions this year.
Each line as % of revenue — the trend in color
| % of revenue | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 |
|---|---|---|---|---|---|---|---|---|
| Cost of Revenue | 65.7 | 61.3 | 57.0 | 49.6 | 46.4 | 48.2 | 48.0 | 43.1 |
| Gross Profit | 34.3 | 39.7 | 43.0 | 50.4 | 53.6 | 51.8 | 52.0 | 56.9 |
| R&D | 10.5 | 8.7 | 6.4 | 7.1 | 8.5 | 9.9 | 8.0 | 7.2 |
| SG&A | 12.6 | 12.4 | 10.8 | 18.6 | 23.2 | 31.2 | 35.4 | 25.1 |
| Operating Income | 3.3 | 9.5 | 18.9 | 12.3 | 6.9 | -68.8 | -11.0 | 6.0 |
| Income Tax | 0.5 | -7.5 | -4.2 | 1.1 | 0.8 | 2.8 | 0.9 | 1.1 |
| Net Income | -5.8 | 10.0 | 17.5 | 4.8 | 2.5 | -77.2 | -18.8 | -6.7 |
Green = margin-favorable vs the row's own range · red = unfavorable.
The metrics that matter, over time
A 30-second read on APPS: price, valuation, headline fundamentals, and an auto-generated scorecard from SEC filings. Flags are rule-based signals, not recommendations.