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Strong institutional accumulation: ownership increased +8.85% quarter-over-quarter.
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 $20.58 today, the market must believe free cash flow compounds -1.3%/yr for a decade (off $28M normalized FCF).
2-stage DCF · 0.01B shares · net debt $28M
mean -219.4% · volatility σ 296% · implied rate exceeded in 1/6 yrs
Central path = implied -1.3%/yr growth; shaded band = ±1σ (296%) 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.
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
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 lags reported earnings — watch accruals. Lower/negative accruals = higher quality (Sloan).
Coverage data unavailable; 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 -$7M 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: 0%. 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 $60M covers the $6M due within a year 10.6× over. Scheduled principal only (excludes interest & revolver draws). As of 2025-03-28 (10-Q).
Green ≤ 1.5× · amber ≤ 3× · red > 3× (leverage relative to cash earnings).
Interest is easily covered by operating profit. Effective rate ~0.6% on $9M of debt. Interest last disclosed in FY2021 (no longer broken out).
Cash of $60M fully covers short-term debt of $19M.
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 standout strengths flagged.
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 | FY2021 | FY2022 | FY2023 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|
| Cost of Revenue | 66.8 | 67.5 | 64.5 | 62.7 | 63.9 | 64.5 | 64.5 | 67.9 |
| Gross Profit | 33.2 | 32.5 | 35.5 | 37.3 | 36.1 | 35.5 | 35.5 | 32.1 |
| R&D | 8.1 | 8.7 | 8.1 | 7.9 | 7.5 | 7.2 | 8.9 | 8.2 |
| SG&A | 24.0 | 23.0 | 24.3 | 20.5 | 19.0 | 20.3 | 20.8 | 20.6 |
| Operating Income | 0.5 | 0.6 | 1.4 | 8.1 | 9.5 | 7.1 | 4.8 | 2.4 |
| Income Tax | -0.4 | -3.4 | 1.4 | -31.9 | 3.1 | 3.2 | 1.5 | 0.5 |
| Net Income | 0.8 | 4.0 | 0.1 | 40.1 | 7.0 | 3.0 | 2.6 | 0.3 |
Green = margin-favorable vs the row's own range · red = unfavorable.
The metrics that matter, over time
A 30-second read on AVNW: price, valuation, headline fundamentals, and an auto-generated scorecard from SEC filings. Flags are rule-based signals, not recommendations.
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 | FY2023 | FY2022 | FY2021 | FY2019 | FY2018 | FY2017 | FY2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $434.6M 100.0% | $408.1M 100.0% | $344.4M 100.0% | $303.0M 100.0% | $274.9M 100.0% | $238.6M 100.0% | $243.9M 100.0% | $242.5M 100.0% | $241.9M 100.0% | $268.7M 100.0% |
| Cost of Revenue | $295.2M 67.9% | $263.4M 64.5% | $222.1M 64.5% | $193.7M 63.9% | $172.3M 62.7% | $153.9M 64.5% | $164.6M 67.5% | $162.0M 66.8% | $166.4M 68.8% | $207.0M 77.0% |
| Cost of Products | — | — | — | — | — | — | — | — | $105.2M 43.5% | $128.7M 47.9% |
| Cost of Services | — | — | — | — | — | — | — | — | $61.2M 25.3% | $78.2M 29.1% |
| Gross Profit | $139.4M 32.1% | $144.7M 35.5% | $122.4M 35.5% | $109.2M 36.1% | $102.6M 37.3% | $84.7M 35.5% | $79.3M 32.5% | $80.5M 33.2% | $75.5M 31.2% | $61.7M 23.0% |
| Research & Development | $35.8M 8.2% | $36.4M 8.9% | $24.9M 7.2% | $22.6M 7.5% | $21.8M 7.9% | $19.3M 8.1% | $21.1M 8.7% | $19.8M 8.1% | $18.7M 7.7% | $20.8M 7.7% |
| Selling, General & Admin | $89.5M 20.6% | $85.0M 20.8% | $69.8M 20.3% | $57.7M 19.0% | $56.3M 20.5% | $58.0M 24.3% | $56.1M 23.0% | $58.2M 24.0% | $57.2M 23.6% | $65.9M 24.5% |
| Total Operating Expenses | $128.9M 29.7% | $125.3M 30.7% | $97.8M 28.4% | $80.5M 26.6% | $80.4M 29.2% | $81.3M 34.1% | $77.9M 31.9% | $79.2M 32.7% | $76.5M 31.6% | $89.2M 33.2% |
| Operating Income | $10.6M 2.4% | $19.4M 4.8% | $24.6M 7.1% | $28.7M 9.5% | $22.2M 8.1% | $3.4M 1.4% | $1.4M 0.6% | $1.3M 0.5% | -$985K -0.4% | -$27.4M -10.2% |
| Interest Expense | — | — | — | — | $0 0.0% | $54K 0.0% | $102K 0.0% | $29K 0.0% | $50K 0.0% | $104K 0.0% |
| Interest & Investment Income | — | — | — | — | $230K 0.1% | $385K 0.2% | $267K 0.1% | $198K 0.1% | $261K 0.1% | $252K 0.1% |
| Other Income (Expense), net | -$941K -0.2% | -$158K -0.0% | -$2.8M -0.8% | $1.5M 0.5% | $230K 0.1% | $331K 0.1% | $17K 0.0% | -$220K -0.1% | $169K 0.1% | -$1.2M -0.5% |
| Pretax Income | $3.6M 0.8% | $16.9M 4.1% | $21.3M 6.2% | $30.4M 10.0% | $22.4M 8.2% | $3.7M 1.6% | $1.6M 0.6% | $1.3M 0.5% | -$605K -0.3% | -$28.5M -10.6% |
| Income Tax Expense | $2.2M 0.5% | $6.1M 1.5% | $11.1M 3.2% | $9.3M 3.1% | -$87.7M -31.9% | $3.5M 1.4% | -$8.2M -3.4% | -$1.0M -0.4% | $16K 0.0% | $1.6M 0.6% |
| Net Income | $1.3M 0.3% | $10.8M 2.6% | $10.2M 3.0% | $21.2M 7.0% | $110.1M 40.1% | $257K 0.1% | $9.7M 4.0% | $1.8M 0.8% | -$823K -0.3% | -$29.9M -11.1% |
| Per Share | ||||||||||
| EPS (Basic) | $0.11 | $0.88 | $0.90 | $1.89 | $9.98 | $0.02 | $0.91 | $0.35 | $-0.16 | $-5.71 |
| EPS (Diluted) | $0.10 | $0.86 | $0.86 | $1.79 | $9.42 | $0.02 | $0.87 | $0.33 | $-0.16 | $-5.71 |
| Weighted Avg Shares (Basic) | 12.7M | 12.2M | 11.4M | 11.2M | 11.0M | 10.8M | 10.8M | 5.3M | 5.3M | 5.2M |
| Weighted Avg Shares (Diluted) | 12.8M | 12.5M | 11.9M | 11.8M | 11.7M | 10.9M | 11.2M | 5.6M | 5.3M | 5.2M |
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 | $11.16T | — | — | — | — | — | — | — | — | — | 3,121 |
| NVDA | $5.33T | 44.8× | 40.0× | 24.7× | 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 | $3.70T | 27.7× | 19.6× | 11.1× | 17.8% | 67.9% | 40.3% | 30.2% | 27.7% | 0.2× | 5,944 |
| AVGO | $1.65T | 72.8× | 65.1× | 25.8× | 23.9% | 67.8% | 36.2% | 28.4% | 15.8% | 2.5× | 4,442 |
| MU | $1.10T | 128.8× | 60.7× | 29.3× | 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 | $543.3B | — | 67.4× | 10.3× | -0.5% | 34.8% | -0.5% | -0.2% | -0.2% | 5.5× | 2,495 |
| CSCO | $436.6B | 43.2× | 36.6× | 7.7× | 5.3% | 64.9% | 18.0% | 21.7% | 13.6% | 2.3× | 3,560 |
| PLTR | $421.4B | 279.8× | 291.6× | 94.2× | 56.2% | 82.4% | 36.3% | 22.0% | 22.0% | — | 2,883 |
| DELL | $383.6B | 67.8× | 36.1× | 3.4× | 18.8% | 20.0% | 5.2% | -240% | 20.4% | 2.8× | 1,564 |
| LRCX | $341.7B | 64.9× | 54.5× | 18.5× | 23.7% | 48.7% | 29.1% | 54.3% | 37.4% | 0.7× | 2,500 |
| RPAY | $338.0B | — | — | 1092.8× | -1.2% | 75.0% | -83.0% | -53.0% | -28.2% | -1.7× | 142 |
| AMAT | $331.0B | 48.2× | 38.1× | 11.7× | 4.4% | 48.7% | 24.7% | 34.3% | 25.9% | 0.8× | 2,826 |
| UMC | $307.4B | — | — | — | — | — | — | — | — | — | 302 |
| ARM | $281.9B | 311.6× | 242.9× | 57.3× | 22.8% | 97.5% | 18.4% | 10.9% | 10.9% | — | 730 |
| SAP | $262.5B | — | — | — | — | — | — | — | — | — | 794 |
| ANET | $250.7B | 72.6× | 63.3× | 27.8× | 28.6% | 64.1% | 39.0% | 28.4% | 28.4% | — | 1,930 |
| PANW | $250.5B | 234.4× | 156.5× | 27.2× | 14.9% | 73.4% | 12.3% | 14.5% | 14.5% | — | 2,374 |
| SNDK | $235.7B | — | — | 32.0× | 10.4% | 30.1% | -22.3% | -17.8% | -14.8% | -1.5× | 1,127 |
| TXN | $234.6B | 47.4× | 30.9× | 13.3× | 13.0% | 57.0% | 28.3% | 30.7% | 16.5% | 1.8× | 2,345 |
| CRM | $225.6B | 31.1× | 24.4× | 5.4× | 9.6% | 77.7% | 18.0% | 12.6% | 10.1% | 1.5× | 2,547 |
| IBM | $222.8B | 21.3× | — | 3.3× | 7.6% | 58.2% | 15.7% | 32.4% | 11.3% | — | 3,351 |
| MRVL | $204.0B | 78.4× | 133.3× | 24.9× | 42.1% | 51.0% | 32.6% | 18.7% | 14.2% | 2.9× | 1,477 |
| QCOM | $202.7B | 37.7× | 15.2× | 4.6× | 13.7% | 55.4% | 12.5% | 26.1% | 15.4% | 1.1× | 2,611 |
| AVNW | $261M | 205.8× | 18.2× | 0.6× | 6.5% | 32.1% | 0.3% | 0.5% | 0.4% | 5.5× | 132 |
Peers = companies sharing AVNW'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.