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Held by 1,815 of 5,944 reporting institutions (100th 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.
To be worth $170.52 today, the market must believe free cash flow compounds -48.6%/yr for a decade (off $8.0B normalized FCF).
The market's -48.6% is more conservative than its 9-yr track record.
2-stage DCF · 0.03B shares · net debt $1.5B
mean 12.8% · volatility σ 68% · implied rate exceeded in 7/8 yrs
Central path = implied -48.6%/yr growth; shaded band = ±1σ (68%) 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.
4/5 of the 9 checks — 4 couldn't be scored (see above), so the score is out of the 5 with data.
Safe > 2.99 · grey 1.81–2.99 · distress < 1.81
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).
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 14% of free cash flow, leaving room to grow it and fund buybacks. Last year: $1.2B dividends + $6.4B buybacks = $7.7B returned on $9.1B FCF.
2 consecutive years of dividend increases · 10%/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 cash-return story — far more went to shareholders than back into the business (mature, low-reinvestment).
Reinvestment has been productive — operating income grew well per dollar put in. 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.
Green ≤ 1.5× · amber ≤ 3× · red > 3× (leverage relative to cash earnings).
Coverage is adequate but not comfortable. Effective rate ~8.6% on $18.7B of debt.
Cash of $17.2B fully covers short-term debt of $1.9B.
Mostly long-term debt (balance-sheet current vs non-current split). A year-by-year maturity schedule wasn't disclosed for this issuer.
Debt, cash, interest and equity from the SEC balance sheet & income statement. Effective rate = interest ÷ average debt. 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 | $26.92B 100.0% | $23.74B 100.0% | $21.36B 100.0% | $17.09B 100.0% | $10.96B 100.0% | $6.80B 100.0% | $15.07B 100.0% | $14.53B 100.0% | $12.68B 100.0% | $10.74B 100.0% |
| Cost of Revenue | — | — | — | — | — | — | — | — | $242.0M 1.9% | $415.0M 3.9% |
| Gross Profit | — | — | — | — | — | — | — | — | $12.44B 98.1% | $10.33B 96.1% |
| Selling, General & Admin | $857.0M 3.2% | $1.04B 4.4% | $1.56B 7.3% | $766.0M 4.5% | $522.0M 4.8% | $581.0M 8.5% | $797.0M 5.3% | $699.0M 4.8% | $576.0M 4.5% | $452.0M 4.2% |
| Total Operating Expenses | $18.09B 67.2% | $16.18B 68.2% | $15.53B 72.7% | $11.99B 70.1% | $8.46B 77.2% | $7.43B 109.3% | $9.72B 64.5% | $9.19B 63.2% | $7.90B 62.3% | $7.42B 69.1% |
| Operating Income | $8.82B 32.8% | $7.55B 31.8% | $5.83B 27.3% | $5.10B 29.9% | $2.50B 22.8% | -$631.0M -9.3% | $5.34B 35.5% | $5.34B 36.8% | $4.54B 35.8% | $2.91B 27.1% |
| Interest Expense | $1.62B 6.0% | $1.29B 5.5% | $897.0M 4.2% | $391.0M 2.3% | $334.0M 3.0% | $356.0M 5.2% | $266.0M 1.8% | $269.0M 1.9% | $254.0M 2.0% | $208.0M 1.9% |
| Interest & Investment Income | — | — | — | — | — | — | — | $187.0M 1.3% | $157.0M 1.2% | $95.0M 0.9% |
| Other Income (Expense), net | -$1.30B -4.8% | -$82.0M -0.3% | -$477.0M -2.2% | -$1.01B -5.9% | -$697.0M -6.4% | $1.55B 22.9% | $613.0M 4.1% | -$506.0M -3.5% | -$139.0M -1.1% | -$193.0M -1.8% |
| Pretax Income | $6.83B 25.4% | $7.29B 30.7% | $5.48B 25.7% | $3.92B 23.0% | $1.47B 13.4% | $567.0M 8.3% | $5.96B 39.5% | $4.83B 33.3% | $4.40B 34.7% | $2.71B 25.3% |
| Income Tax Expense | $1.43B 5.3% | $1.41B 5.9% | $1.19B 5.6% | $865.0M 5.1% | $300.0M 2.7% | $508.0M 7.5% | $1.09B 7.3% | $837.0M 5.8% | $2.06B 16.2% | $578.0M 5.4% |
| Net Income | $5.40B 20.1% | $5.88B 24.8% | $4.29B 20.1% | $3.06B 17.9% | $1.17B 10.6% | — | — | — | — | — |
| Per Share | ||||||||||
| EPS (Basic) | $166.52 | $174.96 | $118.67 | $76.70 | $28.39 | $1.45 | $112.93 | $84.26 | $47.78 | $43.14 |
| EPS (Diluted) | $165.57 | $172.69 | $117.40 | $76.35 | $28.17 | $1.44 | $111.82 | $83.26 | $46.86 | $42.65 |
| Weighted Avg Shares (Basic) | 32.5M | 33.6M | 36.1M | 39.9M | 41.0M | 41.0M | 43.1M | 47.4M | 49.0M | 49.5M |
| Weighted Avg Shares (Diluted) | 32.6M | 34.1M | 36.5M | 40.1M | 41.4M | 41.2M | 43.5M | 48.0M | 50.0M | 50.1M |
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.
EOD close · as of 2026-09-17
No standout strengths flagged.
Nothing notable to watch.
No material risks flagged.
Where each multiple sits in its own 14-yr range · 18th pct blended
Dot = today · shaded = middle 50% · line = median. Lower percentile = cheaper vs its own 14-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
Low operating leverage — profit tracks sales closely (stable, less cyclical).
Each line as % of revenue — the trend in color
| % of revenue | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|
| SG&A | 4.8 | 5.3 | 8.5 | 4.8 | 4.5 | 7.3 | 4.4 | 3.2 |
| Operating Income | 36.8 | 35.5 | -9.3 | 22.8 | 29.9 | 27.3 | 31.8 | 32.8 |
| Income Tax | 5.8 | 7.3 | 7.5 | 2.7 | 5.1 | 5.6 | 5.9 | 5.3 |
| Net Income | — | — | — | 10.6 | 17.9 | 20.1 | 24.8 | 20.1 |
Green = margin-favorable vs the row's own range · red = unfavorable.
The metrics that matter, over time
A 30-second read on BKNG: price, valuation, headline fundamentals, and an auto-generated scorecard from SEC filings. Flags are rule-based signals, not recommendations.
Ranked against 490 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| AMZN | $2.65T | — | — | — | — | — | — | 20.5% | 16.2% | — | 5,764 |
| TSLA | $1.34T | 331.6× | 142.2× | 14.2× | -2.9% | 18.0% | 4.0% | 4.6% | 4.2% | 0.9× | 4,029 |
| TM | $608.8B | 59.5× | 24.6× | 2.6× | 3.8% | 18.4% | 4.4% | 7.9% | 5.9% | 1.7× | 665 |
| PDD | $448.4B | 33.4× | 32.3× | 7.3× | 14.5% | 56.3% | 22.7% | 23.7% | 23.7% | — | 548 |
| HD | $301.3B | 21.3× | 14.3× | 1.8× | 3.2% | 33.3% | 8.6% | 110% | 22.8% | 2.0× | 3,970 |
| BABA | $199.3B | 134.1× | — | 1.3× | 8.1% | 39.8% | 10.1% | 9.8% | 9.8% | — | 1,298 |
| TJX | $136.0B | 25.2× | — | 2.3× | 7.1% | 31.0% | 9.1% | 53.9% | 42.1% | — | 2,608 |
| HTHT | $131.2B | 185.7× | 113.0× | — | — | — | — | 39.7% | 27.3% | 0.7× | 258 |
| SBUX | $110.7B | 59.7× | 26.9× | 3.0× | 2.8% | — | 5.0% | -22.9% | 23.3% | 3.4× | 2,252 |
| LOW | $108.9B | 16.4× | 12.0× | 1.3× | 3.1% | 33.5% | 7.7% | -67.1% | 22.3% | 3.2× | 2,591 |
| ABNB | $102.7B | — | 38.3× | 8.4× | 10.3% | 83.0% | 20.5% | 30.6% | 24.6% | 0.8× | 1,246 |
| MELI | $93.3B | 46.7× | — | 3.2× | 39.1% | 44.5% | 6.9% | 29.6% | 12.5% | — | 1,380 |
| MAR | $89.1B | 35.2× | 20.7× | 3.4× | 4.3% | — | 9.9% | -69.0% | -69.4% | 0.0× | 1,559 |
| LKNCY | $87.3B | 170.2× | 91.9× | 12.4× | 48.9% | — | 7.3% | 23.0% | 23.0% | — | 9 |
| GM | $76.2B | 25.8× | 3.7× | 0.4× | -1.3% | — | 1.5% | 4.4% | 4.4% | — | 1,447 |
| ROST | $72.5B | 34.0× | 21.6× | 3.2× | 7.7% | 27.7% | 9.4% | 34.7% | 27.8% | 0.5× | 1,276 |
| ORLY | $70.5B | 28.2× | 19.2× | 4.0× | 6.4% | 51.6% | 14.3% | -333% | 48.3% | 1.5× | 1,569 |
| HLT | $70.4B | 49.9× | 24.2× | 5.8× | 7.7% | — | 12.1% | -27.0% | -27.0% | — | 1,126 |
| RCL | $68.8B | 16.3× | — | 3.8× | 8.8% | 49.4% | 23.8% | 42.5% | 32.3% | — | 1,114 |
| SE | $63.4B | 41.1× | 25.1× | 2.8× | 36.4% | 44.7% | 6.9% | 12.6% | 12.6% | — | 718 |
| F | $53.1B | — | 4.4× | 0.3× | 1.2% | 6.8% | -4.4% | -22.7% | -22.7% | — | — |
| NKE | $53.1B | 17.0× | — | 1.1× | 0.2% | 42.9% | 6.7% | 20.9% | 13.6% | — | 1,848 |
| EBAY | $49.0B | 25.1× | 17.8× | 4.4× | 7.9% | 71.5% | 18.3% | 45.3% | 38.8% | 0.3× | 1,182 |
| AZO | $47.8B | 19.7× | 13.3× | 2.5× | 2.4% | 52.6% | 13.2% | -73.2% | 46.4% | 2.1× | 1,245 |
| CMG | $45.0B | 29.5× | 19.4× | 3.8× | 5.4% | — | 12.9% | 54.3% | 54.3% | 0.0× | 1,203 |
| BKNG | $5.6B | 1.0× | 0.8× | 0.2× | 13.4% | — | — | — | — | 2.0× | 1,815 |
Peers = companies sharing BKNG's sector (Consumer Cyclical) 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.