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Held by 423 of 5,944 reporting institutions (96th 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 $31.41 today, the market must believe free cash flow compounds 10.6%/yr for a decade (off $444M normalized FCF).
The market's 10.6% is more conservative than its 7-yr track record.
2-stage DCF · 0.31B shares · net debt $1.1B
mean 22.2% · volatility σ 24% · implied rate exceeded in 4/7 yrs
Central path = implied 10.6%/yr growth; shaded band = ±1σ (24%) 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 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.
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 2026-09-17
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 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.50B 100.0% | $1.35B 100.0% | $1.23B 100.0% | $1.10B 100.0% | $965.0M 100.0% | $801.5M 100.0% | $734.8M 100.0% | $691.7M 100.0% |
| Cost of Revenue | $277.5M 18.5% | $257.8M 19.1% | $266.1M 21.7% | $237.0M 21.6% | $216.5M 22.4% | $167.2M 20.9% | $144.2M 19.6% | $131.3M 19.0% |
| Gross Profit | $1.22B 81.5% | $1.10B 80.9% | $962.3M 78.3% | $862.1M 78.4% | $748.5M 77.6% | $634.4M 79.1% | $592.5M 80.6% | $560.4M 81.0% |
| Research & Development | $307.6M 20.5% | $281.2M 20.8% | $274.6M 22.4% | $257.9M 23.5% | $220.9M 22.9% | $185.5M 23.1% | $183.6M 25.0% | $175.0M 25.3% |
| Selling, General & Admin | $217.3M 14.5% | $210.4M 15.5% | $180.7M 14.7% | $174.6M 15.9% | $150.1M 15.6% | $113.3M 14.1% | $97.2M 13.2% | $89.3M 12.9% |
| Total Operating Expenses | $861.6M 57.4% | $793.2M 58.6% | $731.8M 59.6% | $653.5M 59.5% | $653.9M 67.8% | $484.2M 60.4% | $450.6M 61.3% | $439.0M 63.5% |
| Operating Income | $362.6M 24.1% | $302.1M 22.3% | $230.5M 18.8% | $208.6M 19.0% | $94.6M 9.8% | $150.2M 18.7% | $141.9M 19.3% | $121.4M 17.5% |
| Interest Expense | $7.6M 0.5% | $17.0M 1.3% | $35.0M 2.8% | $35.1M 3.2% | $11.5M 1.2% | $7.2M 0.9% | $9.7M 1.3% | $9.6M 1.4% |
| Interest & Investment Income | $2.9M 0.2% | $2.7M 0.2% | $1.5M 0.1% | $421K 0.0% | $306K 0.0% | $437K 0.1% | $1.5M 0.2% | $842K 0.1% |
| Other Income (Expense), net | $547K 0.0% | $12.9M 1.0% | -$7.2M -0.6% | $24.3M 2.2% | $10.0M 1.0% | $24.3M 3.0% | -$5.6M -0.8% | $236K 0.0% |
| Pretax Income | $350.7M 23.4% | $293.1M 21.7% | $183.5M 14.9% | $198.3M 18.0% | $93.3M 9.7% | $167.6M 20.9% | $128.1M 17.4% | $112.9M 16.3% |
| Income Tax Expense | $73.0M 4.9% | $58.7M 4.3% | -$143.2M -11.7% | $21.3M 1.9% | -$3.4M -0.4% | $38.6M 4.8% | $23.7M 3.2% | -$29.3M -4.2% |
| Net Income | $277.9M 18.5% | $234.8M 17.4% | $326.8M 26.6% | $174.8M 15.9% | $93.2M 9.7% | $126.5M 15.8% | $103.1M 14.0% | $142.1M 20.5% |
| Per Share | ||||||||
| EPS (Basic) | $0.88 | $0.75 | $1.05 | $0.57 | $0.30 | $0.44 | $0.36 | $0.50 |
| EPS (Diluted) | $0.85 | $0.72 | $1.00 | $0.55 | $0.30 | $0.42 | $0.35 | $0.49 |
| Weighted Avg Shares (Basic) | 314.7M | 314.9M | 312.4M | 309.2M | 305.7M | 289.9M | 284.6M | 285.8M |
| Weighted Avg Shares (Diluted) | 333.1M | 333.8M | 332.5M | 331.8M | 314.6M | 299.4M | 293.8M | 292.6M |
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.
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
Needs granular two-year detail (receivables, PP&E, D&A, SG&A) — not fully reported.
Earnings are backed by cash (FCF ≥ net income) — high quality. Lower/negative accruals = higher quality (Sloan).
Comfortably covers interest.
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 16% of free cash flow, leaving room to grow it and fund buybacks. Last year: $85M dividends + $125M buybacks = $210M returned on $520M FCF.
4 consecutive years of dividend increases · 21%/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 8 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: 11%. Rough measure (includes maintenance capex).
Cash uses aggregated from the SEC cash-flow statement over 8 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 $123M covers the $5M due within a year 24.7× over. Scheduled principal only (excludes interest & revolver draws). As of 2021-12-31 (10-K).
Green ≤ 1.5× · amber ≤ 3× · red > 3× (leverage relative to cash earnings).
Interest is easily covered by operating profit. Effective rate ~0.6% on $1.2B of debt.
Cash of $123M fully covers short-term debt of $0.
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
Where each multiple sits in its own 6-yr range · 0th pct blended
Dot = today · shaded = middle 50% · line = median. Lower percentile = cheaper vs its own 6-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
High operating leverage: profit moved 1.8× 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 | 19.0 | 19.6 | 20.9 | 22.4 | 21.6 | 21.7 | 19.1 | 18.5 |
| Gross Profit | 81.0 | 80.6 | 79.1 | 77.6 | 78.4 | 78.3 | 80.9 | 81.5 |
| R&D | 25.3 | 25.0 | 23.1 | 22.9 | 23.5 | 22.4 | 20.8 | 20.5 |
| SG&A | 12.9 | 13.2 | 14.1 | 15.6 | 15.9 | 14.7 | 15.5 | 14.5 |
| Operating Income | 17.5 | 19.3 | 18.7 | 9.8 | 19.0 | 18.8 | 22.3 | 24.1 |
| Income Tax | -4.2 | 3.2 | 4.8 | -0.4 | 1.9 | -11.7 | 4.3 | 4.9 |
| Net Income | 20.5 | 14.0 | 15.8 | 9.7 | 15.9 | 26.6 | 17.4 | 18.5 |
Green = margin-favorable vs the row's own range · red = unfavorable.
The metrics that matter, over time
A 30-second read on BSY: price, valuation, headline fundamentals, and an auto-generated scorecard from SEC filings. Flags are rule-based signals, not recommendations.
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 |
| BSY | $9.9B | 37.0× | — | 6.6× | 11.0% | 81.5% | 18.5% | 23.4% | 11.4% | — | 423 |
Peers = companies sharing BSY'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.