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Held by 334 of 5,944 reporting institutions (95th 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.
This company doesn't have positive free cash flow, so a reverse DCF can't be run.
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 | $1.82B 100.0% | $2.11B 100.0% | $2.19B 100.0% | $2.39B 100.0% | $2.11B 100.0% | $2.02B 100.0% | $2.15B 100.0% | $2.59B 100.0% | $2.31B 100.0% | $3.02B 100.0% |
| Cost of Revenue | $1.27B 69.9% | $1.50B 70.8% | $1.52B 69.5% | $1.56B 65.3% | $1.44B 68.3% | $1.42B 70.3% | $1.50B 69.7% | $1.73B 66.7% | $1.58B 68.4% | $2.13B 70.6% |
| Gross Profit | $549.0M 30.1% | $618.0M 29.2% | $668.0M 30.5% | $830.0M 34.7% | $670.0M 31.7% | $599.0M 29.7% | $651.0M 30.3% | $863.0M 33.3% | $729.0M 31.6% | $887.0M 29.4% |
| Research & Development | $54.0M 3.0% | $55.0M 2.6% | $51.0M 2.3% | $55.0M 2.3% | $50.0M 2.4% | $56.0M 2.8% | $58.0M 2.7% | $73.0M 2.8% | $73.0M 3.2% | $87.0M 2.9% |
| Selling, General & Admin | $344.0M 18.9% | $404.0M 19.1% | $365.0M 16.7% | $393.0M 16.4% | $358.0M 17.0% | $400.0M 19.8% | $426.0M 19.8% | $599.0M 23.1% | $610.0M 26.4% | $858.0M 28.4% |
| Operating Income | -$775.0M -42.5% | -$26.0M -1.2% | $172.0M 7.9% | $333.0M 13.9% | $192.0M 9.1% | -$461.0M -22.9% | $86.0M 4.0% | $102.0M 3.9% | $49.0M 2.1% | -$50.0M -1.7% |
| Interest Expense | $61.0M 3.3% | $53.0M 2.5% | $54.0M 2.5% | $62.0M 2.6% | $69.0M 3.3% | $88.0M 4.4% | $114.0M 5.3% | $116.0M 4.5% | $227.0M 9.8% | $180.0M 6.0% |
| Pretax Income | -$809.0M -44.4% | -$24.0M -1.1% | $160.0M 7.3% | $206.0M 8.6% | $135.0M 6.4% | -$577.0M -28.6% | -$9.0M -0.4% | $11.0M 0.4% | -$196.0M -8.5% | -$308.0M -10.2% |
| Income Tax Expense | $13.0M 0.7% | -$223.0M -10.6% | -$8.0M -0.4% | $25.0M 1.0% | -$38.0M -1.8% | -$22.0M -1.1% | $30.0M 1.4% | -$8.0M -0.3% | -$16.0M -0.7% | -$25.0M -0.8% |
| Net Income | -$845.0M -46.3% | $169.0M 8.0% | $178.0M 8.1% | $927.0M 38.8% | $220.0M 10.4% | -$508.0M -25.2% | $505.0M 23.5% | $114.0M 4.4% | $1.0M 0.0% | -$29.0M -1.0% |
| Per Share | ||||||||||
| EPS (Basic) | $-18.23 | $3.40 | $3.36 | $16.71 | $3.63 | $-8.39 | $8.15 | $1.82 | $0.01 | $-0.47 |
| EPS (Diluted) | $-18.23 | $3.36 | $3.31 | $16.41 | $3.59 | $-8.39 | $8.15 | $1.79 | $0.01 | $-0.47 |
| Weighted Avg Shares (Basic) | 46.0M | 49.0M | 53.0M | 55.0M | 60.0M | 61.0M | 62.0M | 63.0M | 62.0M | 63.0M |
| Weighted Avg Shares (Diluted) | 46.0M | 50.0M | 54.0M | 56.0M | 61.0M | 61.0M | 62.0M | 64.0M | 62.0M | 63.0M |
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.
4/7 of the 9 checks — 2 couldn't be scored (see above), so the score is out of the 7 with data.
Insufficient balance-sheet detail (needs retained earnings, working capital, equity).
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).
Interest coverage is thin — monitor; 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.
Free-cash-flow coverage unavailable. Last year: $76M dividends + $100M buybacks = $176M returned.
7 consecutive years of dividend increases · 1%/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 balanced mix of reinvestment and shareholder returns.
Operating income fell despite reinvestment — a warning on capital productivity. 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 $215M covers the $4M due within a year 53.8× over. Scheduled principal only (excludes interest & revolver draws). As of 2026-06-30 (10-Q).
Green ≤ 1.5× · amber ≤ 3× · red > 3× (leverage relative to cash earnings).
Thin coverage — earnings barely cover interest. Effective rate ~4.4% on $1.4B of debt.
Cash of $215M fully covers short-term debt of $0.
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
Ranked against 238 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| BHP | $439.4B | — | — | — | — | — | — | — | — | — | 713 |
| LIN | $215.3B | 31.4× | 19.3× | 6.3× | 3.0% | — | 20.3% | 18.0% | 10.9% | 2.1× | 2,148 |
| SCCO | $162.1B | 37.4× | 20.9× | 12.1× | 17.4% | 60.1% | 32.4% | 39.4% | 24.4% | 0.9× | 791 |
| CX | $147.8B | — | — | — | — | — | — | — | — | — | 297 |
| TX | $116.5B | — | — | — | — | — | — | — | — | — | 139 |
| FCX | $101.8B | — | 12.3× | 3.9× | 1.8% | 28.2% | 16.0% | 22.0% | 14.7% | 1.1× | 1,775 |
| AEM | $100.7B | — | — | — | — | — | — | — | — | — | 1,066 |
| SHW | $79.5B | 31.3× | — | 3.4× | 2.1% | 48.8% | 10.9% | 55.9% | 17.0% | — | 1,610 |
| ECL | $76.6B | 37.3× | 22.5× | 4.8× | 2.2% | 44.5% | 12.9% | 21.2% | 19.5% | 0.3× | 1,619 |
| B | $73.2B | — | — | — | — | — | — | — | — | — | 979 |
| WPM | $69.1B | — | — | — | — | — | — | — | — | — | 809 |
| APD | $63.7B | — | 90.0× | 5.3× | -0.5% | 31.4% | -3.3% | -2.6% | -2.6% | 0.1× | 1,702 |
| VALE | $61.6B | — | — | — | — | — | — | — | — | — | 537 |
| NUE | $61.2B | 35.3× | — | 1.9× | 5.7% | 11.9% | 5.4% | 8.3% | 8.3% | — | 1,325 |
| CRH | $58.0B | 15.7× | 9.3× | 1.6× | 5.3% | 36.1% | 10.0% | 15.6% | 9.2% | 2.2× | 9 |
| MT | $57.2B | — | — | — | — | — | — | — | — | — | 286 |
| DD | $53.6B | — | — | 7.8× | 1.9% | 34.5% | -11.4% | -5.6% | -5.6% | — | 1,172 |
| AU | $51.7B | — | — | — | — | — | — | — | — | — | 537 |
| FNV | $51.4B | — | — | — | — | — | — | — | — | — | 614 |
| NTR | $37.7B | — | — | — | — | — | — | — | — | — | 718 |
| STLD | $35.6B | 30.7× | 19.2× | 2.0× | 3.6% | 13.2% | 6.5% | 13.2% | 9.0% | 2.1× | 893 |
| KGC | $34.2B | — | — | — | — | — | — | — | — | — | 630 |
| VMC | $31.9B | 30.1× | 15.3× | 4.0× | 7.1% | 27.4% | 13.6% | 12.6% | 8.4% | 1.8× | 981 |
| MLM | $29.8B | 26.3× | 16.9× | 4.8× | 8.6% | 30.7% | 18.5% | 11.3% | 7.4% | 2.6× | 1,022 |
| PPG | $23.6B | 15.2× | — | 1.5× | 0.2% | 41.3% | 9.9% | 19.8% | 10.3% | — | 1,003 |
| ASH | $3.2B | — | — | 1.8× | -13.7% | 30.1% | -46.3% | -44.4% | -25.7% | -2.6× | 334 |
Peers = companies sharing ASH's sector (Basic Materials) 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.
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 standout strengths flagged.
Where each multiple sits in its own 12-yr range · 71th pct blended
Dot = today · shaded = middle 50% · line = median. Lower percentile = cheaper vs its own 12-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
Profit and sales moved in opposite directions this year.
Each line as % of revenue — the trend in color
| % of revenue | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|
| Cost of Revenue | 66.7 | 69.7 | 70.3 | 68.3 | 65.3 | 69.5 | 70.8 | 69.9 |
| Gross Profit | 33.3 | 30.3 | 29.7 | 31.7 | 34.7 | 30.5 | 29.2 | 30.1 |
| R&D | 2.8 | 2.7 | 2.8 | 2.4 | 2.3 | 2.3 | 2.6 | 3.0 |
| SG&A | 23.1 | 19.8 | 19.8 | 17.0 | 16.4 | 16.7 | 19.1 | 18.9 |
| Operating Income | 3.9 | 4.0 | -22.9 | 9.1 | 13.9 | 7.9 | -1.2 | -42.5 |
| Income Tax | -0.3 | 1.4 | -1.1 | -1.8 | 1.0 | -0.4 | -10.6 | 0.7 |
| Net Income | 4.4 | 23.5 | -25.2 | 10.4 | 38.8 | 8.1 | 8.0 | -46.3 |
Green = margin-favorable vs the row's own range · red = unfavorable.
The metrics that matter, over time
A 30-second read on ASH: price, valuation, headline fundamentals, and an auto-generated scorecard from SEC filings. Flags are rule-based signals, not recommendations.