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Held by 4,442 of 5,944 reporting institutions (100th percentile) — extremely crowded.
Data as of Q1 2026
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Solve the discounted cash flow backwards, then stress-test the assumptions.
To be worth $347.30 today, the market must believe free cash flow compounds 26.7%/yr for a decade (off $21.3B normalized FCF).
The market's 26.7% is more conservative than its 9-yr track record.
2-stage DCF · 4.74B shares · net debt $49.0B
mean 31.8% · volatility σ 30% · implied rate exceeded in 3/9 yrs
Central path = implied 26.7%/yr growth; shaded band = ±1σ (30%) 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.
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 | $63.89B 100.0% | $51.57B 100.0% | $35.82B 100.0% | $33.20B 100.0% | $27.45B 100.0% | $23.89B 100.0% | $22.60B 100.0% | $20.85B 100.0% | $17.64B 100.0% | $13.24B 100.0% |
| Cost of Revenue | $20.59B 32.2% | $19.07B 37.0% | $11.13B 31.1% | $11.11B 33.5% | $10.61B 38.6% | $10.37B 43.4% | $10.11B 44.8% | $10.12B 48.5% | $9.13B 51.8% | $7.30B 55.1% |
| Gross Profit | $43.29B 67.8% | $32.51B 63.0% | $24.69B 68.9% | $22.09B 66.5% | $16.84B 61.4% | $13.52B 56.6% | $12.48B 55.2% | $10.73B 51.5% | $8.51B 48.2% | $5.94B 44.9% |
| Research & Development | $10.98B 17.2% | $9.31B 18.1% | $5.25B 14.7% | $4.92B 14.8% | $4.85B 17.7% | $4.97B 20.8% | $4.70B 20.8% | $3.77B 18.1% | $3.30B 18.7% | $2.67B 20.2% |
| Selling, General & Admin | $4.21B 6.6% | $4.96B 9.6% | $1.59B 4.4% | $1.38B 4.2% | $1.35B 4.9% | $1.94B 8.1% | $1.71B 7.6% | $1.06B 5.1% | $789.0M 4.5% | $806.0M 6.1% |
| Total Operating Expenses | $17.81B 27.9% | $19.05B 36.9% | $8.48B 23.7% | $7.87B 23.7% | $8.32B 30.3% | $9.50B 39.8% | $9.04B 40.0% | $5.60B 26.9% | $6.14B 34.8% | $6.35B 48.0% |
| Operating Income | $25.48B 39.9% | $13.46B 26.1% | $16.21B 45.2% | $14.22B 42.8% | $8.52B 31.0% | $4.01B 16.8% | $3.44B 15.2% | $5.13B 24.6% | $2.37B 13.4% | -$409.0M -3.1% |
| Interest Expense | $3.21B 5.0% | $3.95B 7.7% | $1.62B 4.5% | $1.74B 5.2% | $1.89B 6.9% | $1.78B 7.4% | $1.44B 6.4% | $628.0M 3.0% | $454.0M 2.6% | $585.0M 4.4% |
| Interest & Investment Income | $347.0M 0.5% | $461.0M 0.9% | $535.0M 1.5% | $100.0M 0.3% | $16.0M 0.1% | $53.0M 0.2% | $98.0M 0.4% | $114.0M 0.5% | $44.0M 0.2% | $10.0M 0.1% |
| Other Income (Expense), net | $455.0M 0.7% | $406.0M 0.8% | $512.0M 1.4% | -$54.0M -0.2% | $131.0M 0.5% | $206.0M 0.9% | $226.0M 1.0% | $144.0M 0.7% | $74.0M 0.4% | $10.0M 0.1% |
| Pretax Income | $22.73B 35.6% | $9.92B 19.2% | $15.10B 42.1% | $12.43B 37.4% | $6.76B 24.6% | $2.44B 10.2% | $2.23B 9.9% | $4.54B 21.8% | $1.82B 10.3% | -$1.11B -8.4% |
| Income Tax Expense | -$397.0M -0.6% | $3.75B 7.3% | $1.01B 2.8% | $939.0M 2.8% | $29.0M 0.1% | -$518.0M -2.2% | -$510.0M -2.3% | -$8.08B -38.8% | $35.0M 0.2% | $642.0M 4.8% |
| Net Income | $23.13B 36.2% | $5.89B 11.4% | $14.08B 39.3% | $11.49B 34.6% | $6.74B 24.5% | $2.96B 12.4% | $2.72B 12.1% | $12.26B 58.8% | $1.69B 9.6% | -$1.74B -13.1% |
| Per Share | ||||||||||
| EPS (Basic) | $4.91 | $1.27 | $3.39 | $2.74 | $15.70 | $6.62 | $6.77 | $29.33 | $4.18 | $-4.75 |
| EPS (Diluted) | $4.77 | $1.23 | $3.30 | $2.65 | $15.00 | $6.33 | $6.43 | $28.44 | $4.02 | $-4.86 |
| Weighted Avg Shares (Basic) | 4.71B | 4.62B | 4.15B | 4.09B | 410.0M | 402.0M | 398.0M | 418.0M | 405.0M | 366.0M |
| Weighted Avg Shares (Diluted) | 4.85B | 4.78B | 4.27B | 4.23B | 429.0M | 421.0M | 419.0M | 431.0M | 421.0M | 383.0M |
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.
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; 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.
The dividend is comfortably covered — only 41% of free cash flow, leaving room to grow it and fund buybacks. Last year: $11.1B dividends + $2.5B buybacks = $13.6B returned on $26.9B 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 balanced mix of reinvestment and shareholder returns.
Reinvestment has been productive — operating income grew well per dollar put in. Current ROIC on all capital: 16%. 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 $16.2B covers the $3.2B due within a year 5.1× over. Scheduled principal only (excludes interest & revolver draws). As of 2025-11-02 (10-K).
Green ≤ 1.5× · amber ≤ 3× · red > 3× (leverage relative to cash earnings).
Interest is easily covered by operating profit. Effective rate ~4.9% on $65.1B of debt.
Cash of $16.2B fully covers short-term debt of $3.2B.
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
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
High operating leverage: profit moved 3.7× 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 | 48.5 | 44.8 | 43.4 | 38.6 | 33.5 | 31.1 | 37.0 | 32.2 |
| Gross Profit | 51.5 | 55.2 | 56.6 | 61.4 | 66.5 | 68.9 | 63.0 | 67.8 |
| R&D | 18.1 | 20.8 | 20.8 | 17.7 | 14.8 | 14.7 | 18.1 | 17.2 |
| SG&A | 5.1 | 7.6 | 8.1 | 4.9 | 4.2 | 4.4 | 9.6 | 6.6 |
| Operating Income | 24.6 | 15.2 | 16.8 | 31.0 | 42.8 | 45.2 | 26.1 | 39.9 |
| Income Tax | -38.8 | -2.3 | -2.2 | 0.1 | 2.8 | 2.8 | 7.3 | -0.6 |
| Net Income | 58.8 | 12.1 | 12.4 | 24.5 | 34.6 | 39.3 | 11.4 | 36.2 |
Green = margin-favorable vs the row's own range · red = unfavorable.
The metrics that matter, over time
A 30-second read on AVGO: price, valuation, headline fundamentals, and an auto-generated scorecard from SEC filings. Flags are rule-based signals, not recommendations.
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
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 AVGO'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.