Loading institutional data...
Loading institutional data...
Held by 220 of 5,944 reporting institutions (92th 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...
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 $294.01 today, the market must believe free cash flow compounds 22.2%/yr for a decade (off $75M normalized FCF).
The market's 22.2% is more optimistic than its 9-yr track record.
2-stage DCF · 0.01B shares (market data) · net debt $140M
mean 14.3% · volatility σ 130% · implied rate exceeded in 2/7 yrs
Central path = implied 22.2%/yr growth; shaded band = ±1σ (130%) 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 2026-08-05 · 44d 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 | $675.5M 100.0% | $534.8M 100.0% | $639.8M 100.0% | $654.2M 100.0% | $543.5M 100.0% | $465.8M 100.0% | $492.4M 100.0% | $548.2M 100.0% | $491.6M 100.0% | $500.2M 100.0% |
| Cost of Revenue | $411.0M 60.9% | $332.4M 62.2% | $424.0M 66.3% | $470.8M 72.0% | $409.1M 75.3% | $346.0M 74.3% | $382.4M 77.7% | $408.9M 74.6% | $389.3M 79.2% | $400.2M 80.0% |
| Cost of Products | — | — | — | — | — | — | — | — | $389.6M 79.2% | $400.2M 80.0% |
| Gross Profit | $264.4M 39.1% | $202.4M 37.8% | $215.8M 33.7% | $183.5M 28.0% | $134.4M 24.7% | $119.7M 25.7% | $110.0M 22.3% | $139.3M 25.4% | $102.3M 20.8% | $99.9M 20.0% |
| Research & Development | $30.9M 4.6% | $23.6M 4.4% | $22.5M 3.5% | $20.2M 3.1% | $21.9M 4.0% | $23.6M 5.1% | $26.9M 5.5% | $29.5M 5.4% | $28.8M 5.9% | $26.7M 5.3% |
| Selling, General & Admin | $125.8M 18.6% | $110.6M 20.7% | $99.1M 15.5% | $92.3M 14.1% | $86.6M 15.9% | $78.7M 16.9% | $77.4M 15.7% | $82.6M 15.1% | $84.7M 17.2% | $71.0M 14.2% |
| Operating Income | $111.0M 16.4% | $64.3M 12.0% | $88.0M 13.8% | $65.1M 10.0% | $31.3M 5.8% | $18.7M 4.0% | -$1.6M -0.3% | $26.9M 4.9% | $17.4M 3.5% | -$76.5M -15.3% |
| Interest Expense | $14.8M 2.2% | $4.1M 0.8% | $2.9M 0.4% | $3.4M 0.5% | $3.5M 0.7% | $4.7M 1.0% | $5.4M 1.1% | $5.3M 1.0% | $6.8M 1.4% | $6.7M 1.3% |
| Other Income (Expense), net | $10.9M 1.6% | -$3.2M -0.6% | -$2.8M -0.4% | -$2.7M -0.4% | -$388K -0.1% | -$1.8M -0.4% | -$259K -0.1% | $2.0M 0.4% | — | — |
| Pretax Income | $95.0M 14.1% | $61.8M 11.6% | $83.3M 13.0% | $59.1M 9.0% | $27.3M 5.0% | $12.1M 2.6% | -$7.3M -1.5% | $23.6M 4.3% | $9.6M 2.0% | -$82.6M -16.5% |
| Income Tax Expense | $20.9M 3.1% | $12.6M 2.4% | $9.5M 1.5% | $6.4M 1.0% | $2.5M 0.5% | -$659K -0.1% | $1.4M 0.3% | $2.9M 0.5% | $21.5M 4.4% | -$17.7M -3.5% |
| Net Income | $74.1M 11.0% | $49.2M 9.2% | $73.8M 11.5% | $52.7M 8.1% | $24.8M 4.6% | $12.8M 2.7% | -$8.7M -1.8% | $20.7M 3.8% | -$11.9M -2.4% | -$64.8M -13.0% |
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.
8/8 of the 9 checks — 1 couldn't be scored (see above), so the score is out of the 8 with data.
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 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.
The dividend is comfortably covered — only 5% of free cash flow, leaving room to grow it and fund buybacks. Last year: $3M dividends + $0 buybacks = $3M returned on $69M 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: 10%. 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 $58M covers the $3M due within a year 21.5× over. Scheduled principal only (excludes interest & revolver draws). As of 2014-09-30 (10-Q).
Green ≤ 1.5× · amber ≤ 3× · red > 3× (leverage relative to cash earnings).
Interest is easily covered by operating profit. Effective rate ~7.5% on $198M of debt.
Cash vs short-term debt unavailable.
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 2026-08-05
Nothing notable to watch.
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
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
High operating leverage: profit moved 2.8× 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 | 74.6 | 77.7 | 74.3 | 75.3 | 72.0 | 66.3 | 62.2 | 60.9 |
| Gross Profit | 25.4 | 22.3 | 25.7 | 24.7 | 28.0 | 33.7 | 37.8 | 39.1 |
| R&D | 5.4 | 5.5 | 5.1 | 4.0 | 3.1 | 3.5 | 4.4 | 4.6 |
| SG&A | 15.1 | 15.7 | 16.9 | 15.9 | 14.1 | 15.5 | 20.7 | 18.6 |
| Operating Income | 4.9 | -0.3 | 4.0 | 5.8 | 10.0 | 13.8 | 12.0 | 16.4 |
| Income Tax | 0.5 | 0.3 | -0.1 | 0.5 | 1.0 | 1.5 | 2.4 | 3.1 |
| Net Income | 3.8 | -1.8 | 2.7 | 4.6 | 8.1 | 11.5 | 9.2 | 11.0 |
Green = margin-favorable vs the row's own range · red = unfavorable.
The metrics that matter, over time
A 30-second read on BELFB: 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.