Loading institutional data...
Loading institutional data...
Held by 245 of 5,944 reporting institutions (93th percentile) — extremely crowded.
Data as of Q1 2026
Loading snapshot...
Loading financials...
Loading valuation...
Loading quality & risk...
Loading dividends & returns...
Loading capital allocation...
Loading debt & leverage...
Loading performance...
Loading peer comparison...
Loading ownership map...
Loading crowding analysis...
Loading conviction analysis...
Loading buy/sell flow...
Loading ownership trends...
Loading top holders...
Loading top holders...
Solve the discounted cash flow backwards, then stress-test the assumptions.
To be worth $24.99 today, the market must believe free cash flow compounds 10.7%/yr for a decade (off $47M normalized FCF).
The market's 10.7% is more optimistic than its 9-yr track record.
2-stage DCF · 0.05B shares · net debt $11M
mean 3.1% · volatility σ 251% · implied rate exceeded in 1/6 yrs
Central path = implied 10.7%/yr growth; shaded band = ±1σ (251%) 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.
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.
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 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 + $3M buybacks = $3M returned on $43M 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.
Modest payoff on reinvested capital. Current ROIC on all capital: -8%. 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 $90M is below the $98M due within a year — relies on refinancing or operating cash flow. Scheduled principal only (excludes interest & revolver draws). As of 2026-03-31 (10-Q).
Green ≤ 1.5× · amber ≤ 3× · red > 3× (leverage relative to cash earnings).
Thin coverage — earnings barely cover interest. Effective rate ~7.8% on $101M of debt.
Cash of $90M fully covers short-term debt of $10M.
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 2026-07-24 · 56d old
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 | $701.2M 100.0% | $687.8M 100.0% | $673.3M 100.0% | $684.1M 100.0% | $587.0M 100.0% | $714.8M 100.0% | $697.6M 100.0% | $652.3M 100.0% | $611.6M 100.0% | $566.2M 100.0% |
| Cost of Revenue | $347.3M 49.5% | $306.5M 44.6% | $293.6M 43.6% | $289.9M 42.4% | $287.8M 49.0% | $343.9M 48.1% | $295.4M 42.3% | $261.4M 40.1% | $274.7M 44.9% | $269.0M 47.5% |
| Cost of Products | — | — | — | — | — | — | — | — | $274.7M 44.9% | $269.0M 47.5% |
| Gross Profit | $353.9M 50.5% | $381.3M 55.4% | $379.7M 56.4% | $394.2M 57.6% | $299.2M 51.0% | $370.9M 51.9% | $402.2M 57.7% | $390.9M 59.9% | $336.9M 55.1% | $297.2M 52.5% |
| Research & Development | $23.3M 3.3% | $26.2M 3.8% | $27.2M 4.0% | $29.2M 4.3% | $30.6M 5.2% | $34.9M 4.9% | $37.7M 5.4% | $41.8M 6.4% | $38.2M 6.2% | $38.4M 6.8% |
| Selling, General & Admin | $315.6M 45.0% | $318.5M 46.3% | $335.0M 49.8% | $326.5M 47.7% | $285.3M 48.6% | $332.6M 46.5% | $399.1M 57.2% | $340.4M 52.2% | $321.7M 52.6% | $346.2M 61.1% |
| Operating Income | -$61.6M -8.8% | -$396.2M -57.6% | $4.2M 0.6% | $35.5M 5.2% | -$39.0M -6.6% | -$48.5M -6.8% | -$55.7M -8.0% | $500K 0.1% | -$43.1M -7.0% | -$107.1M -18.9% |
| Interest Expense | $7.8M 1.1% | $12.2M 1.8% | $15.0M 2.2% | $10.0M 1.5% | $3.3M 0.6% | $15.6M 2.2% | $15.0M 2.2% | $26.4M 4.0% | $31.6M 5.2% | $32.7M 5.8% |
| Interest & Investment Income | $3.2M 0.5% | $5.1M 0.7% | $2.9M 0.4% | $1.2M 0.2% | $200K 0.0% | $1.2M 0.2% | $6.7M 1.0% | $7.8M 1.2% | $2.5M 0.4% | $600K 0.1% |
| Pretax Income | -$66.2M -9.4% | -$403.3M -58.6% | -$7.9M -1.2% | $26.7M 3.9% | -$42.1M -7.2% | -$62.9M -8.8% | -$64.0M -9.2% | -$18.1M -2.8% | -$72.2M -11.8% | -$139.2M -24.6% |
| Income Tax Expense | $6.7M 1.0% | -$17.0M -2.5% | $2.0M 0.3% | $5.2M 0.8% | -$11.2M -1.9% | -$33.9M -4.7% | -$18.1M -2.6% | -$9.6M -1.5% | -$40.1M -6.6% | -$55.9M -9.9% |
| Net Income | -$72.9M -10.4% | -$392.1M -57.0% | -$61.8M -9.2% | $50.5M 7.4% | $6.3M 1.1% | -$29.0M -4.1% | -$45.9M -6.6% | $57.5M 8.8% | $79.3M 13.0% | $39.8M 7.0% |
| Per Share | ||||||||||
| EPS (Basic) | $-1.57 | $-8.53 | $-1.32 | $1.08 | $0.13 | $-0.61 | $-0.96 | $1.22 | $1.69 | $0.85 |
| EPS (Diluted) | $-1.57 | $-8.53 | $-1.32 | $1.07 | $0.13 | $-0.61 | $-0.96 | $1.22 | $1.69 | $0.85 |
| Weighted Avg Shares (Basic) | 46.3M | 46.0M | 46.6M | 46.9M | 48.1M | 47.8M | 47.6M | 47.2M | 46.8M | 46.6M |
| Weighted Avg Shares (Diluted) | 46.3M | 46.0M | 46.6M | 47.3M | 48.6M | 47.8M | 47.6M | 47.2M | 46.8M | 46.6M |
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.
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 2026-07-24
No standout strengths flagged.
Where each multiple sits in its own 12-yr range · 50th 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 | 40.1 | 42.3 | 48.1 | 49.0 | 42.4 | 43.6 | 44.6 | 49.5 |
| Gross Profit | 59.9 | 57.7 | 51.9 | 51.0 | 57.6 | 56.4 | 55.4 | 50.5 |
| R&D | 6.4 | 5.4 | 4.9 | 5.2 | 4.3 | 4.0 | 3.8 | 3.3 |
| SG&A | 52.2 | 57.2 | 46.5 | 48.6 | 47.7 | 49.8 | 46.3 | 45.0 |
| Operating Income | 0.1 | -8.0 | -6.8 | -6.6 | 5.2 | 0.6 | -57.6 | -8.8 |
| Income Tax | -1.5 | -2.6 | -4.7 | -1.9 | 0.8 | 0.3 | -2.5 | 1.0 |
| Net Income | 8.8 | -6.6 | -4.1 | 1.1 | 7.4 | -9.2 | -57.0 | -10.4 |
Green = margin-favorable vs the row's own range · red = unfavorable.
The metrics that matter, over time
A 30-second read on AVNS: 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 1085 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| BCAX | $1.24T | — | — | — | — | — | — | -34.4% | -34.4% | — | 143 |
| LLY | $1.03T | 50.2× | — | 15.9× | 44.7% | 83.0% | 31.7% | 77.8% | 29.9% | — | 4,193 |
| AKTX | $894.1B | — | — | — | — | — | — | -61.1% | -61.1% | — | 1 |
| JNJ | $650.5B | 24.5× | — | 6.9× | 6.0% | 67.9% | 28.5% | 32.9% | 20.7% | — | 4,451 |
| ABBV | $467.1B | 111.9× | 33.4× | 7.6× | 8.6% | 70.2% | 6.9% | -129% | 6.6% | 4.2× | 3,895 |
| MRK | $368.2B | 20.2× | — | 5.7× | 1.3% | 74.8% | 28.1% | 34.7% | 17.9% | — | 3,594 |
| UNH | $339.9B | 28.4× | 19.7× | 0.8× | 11.8% | 88.7% | 2.7% | 12.0% | 6.8% | 3.9× | 2,891 |
| AZN | $257.7B | — | — | — | — | — | — | — | — | — | 1,248 |
| TMO | $248.2B | 37.1× | 31.9× | 5.6× | 3.9% | — | 15.0% | 12.6% | 7.0% | 4.9× | 2,481 |
| AMGN | $204.6B | 26.7× | 17.6× | 5.6× | 10.0% | 67.2% | 21.0% | 89.1% | 12.2% | 3.8× | 3,014 |
| GILD | $187.3B | 22.3× | 20.4× | 6.4× | 2.4% | 78.8% | 28.9% | 37.5% | 17.9% | 2.4× | 2,218 |
| ABT | $178.0B | 27.5× | 19.2× | 4.0× | 5.7% | 56.4% | 14.7% | 12.5% | 10.0% | 1.4× | 2,964 |
| PFE | $157.1B | 20.3× | — | 2.5× | -1.6% | 74.3% | 12.4% | 9.0% | 5.1% | — | 2,838 |
| DHR | $150.2B | 42.1× | 31.0× | 6.1× | 2.9% | 59.1% | 14.7% | 6.9% | 5.1% | 3.4× | 2,083 |
| ISRG | $136.2B | 48.7× | 37.5× | 13.5× | 20.5% | 66.0% | 28.4% | 16.0% | 16.0% | — | 2,190 |
| VRTX | $131.1B | 33.7× | 28.8× | 10.9× | 8.9% | 86.2% | 32.9% | 21.2% | 21.2% | — | 1,609 |
| BMY | $127.8B | 18.2× | — | 2.6× | -0.2% | 71.1% | 14.6% | 38.2% | 11.1% | — | 2,431 |
| MDT | $118.8B | 24.9× | 12.6× | 3.3× | 8.4% | 65.0% | 13.2% | 9.7% | 9.4% | 0.2× | 2,114 |
| CVS | $114.7B | 64.9× | 11.5× | 0.3× | 7.8% | 45.0% | 0.4% | 2.4% | 2.4% | 0.0× | 1,795 |
| SYK | $107.1B | 33.4× | 18.4× | 4.3× | 11.2% | 64.0% | 12.9% | 14.5% | 8.5% | 2.5× | 2,196 |
| MCK | $102.5B | 22.9× | 16.2× | 0.3× | 12.4% | 3.6% | 1.2% | -219% | 109% | 1.0× | 1,946 |
| HCA | $96.4B | 15.1× | — | 1.3× | 7.1% | — | 9.0% | -113% | 16.8% | — | 1,346 |
| ELV | $91.4B | 16.4× | 15.5× | 0.5× | 12.5% | 89.4% | 2.8% | 12.9% | 7.6% | 4.2× | 1,397 |
| REGN | $82.6B | 19.0× | 19.8× | 5.8× | 1.0% | — | 31.4% | 14.4% | 13.6% | 0.5× | 1,336 |
| CI | $72.7B | 12.4× | 5.5× | 0.3× | 11.2% | 21.8% | 2.2% | 14.3% | 14.1% | 0.0× | 1,583 |
| AVNS | $1.2B | — | — | 1.7× | 1.9% | 50.5% | -10.4% | -9.4% | -8.3% | -4.4× | 245 |
Peers = companies sharing AVNS's sector (Healthcare) 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.