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Held by 1,360 of 5,944 reporting institutions (99th percentile) — extremely crowded.
Data as of Q1 2026
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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
Solve the discounted cash flow backwards, then stress-test the assumptions.
To be worth $226.34 today, the market must believe free cash flow compounds 10.1%/yr for a decade (off $2.5B normalized FCF).
The market's 10.1% is more optimistic than its 9-yr track record.
2-stage DCF · 0.24B shares · net debt $4.7B
mean 15.8% · volatility σ 78% · implied rate exceeded in 4/9 yrs
Central path = implied 10.1%/yr growth; shaded band = ±1σ (78%) 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.
Is the value real, and is the business safe? Academic scores + earnings quality + solvency, from SEC filings.
Insufficient balance-sheet detail (needs retained earnings, working capital, equity).
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; 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.
The dividend is comfortably covered — only 27% of free cash flow, leaving room to grow it and fund buybacks. Last year: $494M dividends + $765M buybacks = $1.3B returned on $1.9B FCF.
9 consecutive years of dividend increases · 3%/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 reinvestment story — most cash went back into growth rather than to shareholders.
Operating income fell despite reinvestment — a warning on capital productivity. Current ROIC on all capital: 27%. 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.
EOD close · as of 2026-09-17
Where each multiple sits in its own 14-yr range · 92th 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
Returns are margin-driven, not leverage-driven — higher quality.
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 | 94.8 | 95.3 | 95.5 | 95.8 | 96.4 | 96.6 | 96.7 | 96.3 |
| Gross Profit | 5.2 | 4.7 | 4.5 | 4.2 | 3.6 | 3.4 | 3.3 | 3.7 |
| SG&A | 3.4 | 3.1 | 3.0 | 2.8 | 2.5 | 2.3 | 2.2 | 2.4 |
| Operating Income | 0.1 | 1.4 | -2.7 | 0.3 | -0.3 | 0.4 | 0.5 | 1.0 |
| Income Tax | -0.4 | 0.3 | -0.1 | -0.2 | 0.1 | 0.2 | 0.2 | 0.2 |
| Net Income | 0.2 | 0.9 | -2.4 | 0.4 | -0.5 | 0.2 | 0.4 | 0.7 |
Green = margin-favorable vs the row's own range · red = unfavorable.
The metrics that matter, over time
A 30-second read on CAH: price, valuation, headline fundamentals, and an auto-generated scorecard from SEC filings. Flags are rule-based signals, not recommendations.
How much the company owes, how it's trended, and how comfortably it's serviced.
Cash of $3.9B covers the $27M due within a year 143.5× over. Scheduled principal only (excludes interest & revolver draws). As of 2025-12-31 (10-Q).
Green ≤ 1.5× · amber ≤ 3× · red > 3× (leverage relative to cash earnings).
Interest is easily covered by operating profit. Effective rate ~2.5% on $8.5B 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.
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.
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
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 | $222.58B 100.0% | $226.83B 100.0% | $204.98B 100.0% | $181.33B 100.0% | $162.47B 100.0% | $152.92B 100.0% | $145.53B 100.0% | $136.81B 100.0% | $129.98B 100.0% | $121.55B 100.0% |
| Cost of Revenue | $214.41B 96.3% | $219.41B 96.7% | $198.10B 96.6% | $174.84B 96.4% | $155.69B 95.8% | $146.05B 95.5% | $138.70B 95.3% | $129.63B 94.8% | $123.43B 95.0% | $115.00B 94.6% |
| Cost of Products | — | — | — | — | — | — | — | — | $123.43B 95.0% | $115.00B 94.6% |
| Gross Profit | $8.17B 3.7% | $7.41B 3.3% | $6.87B 3.4% | $6.48B 3.6% | $6.78B 4.2% | $6.87B 4.5% | $6.83B 4.7% | $7.18B 5.2% | $6.54B 5.0% | $6.54B 5.4% |
| Selling, General & Admin | $5.38B 2.4% | $5.00B 2.2% | $4.80B 2.3% | $4.51B 2.5% | $4.53B 2.8% | $4.57B 3.0% | $4.48B 3.1% | $4.60B 3.4% | $3.77B 2.9% | $3.65B 3.0% |
| Operating Income | $2.27B 1.0% | $1.24B 0.5% | $752.0M 0.4% | -$607.0M -0.3% | $472.0M 0.3% | -$4.10B -2.7% | $2.06B 1.4% | $126.0M 0.1% | $2.12B 1.6% | $2.46B 2.0% |
| Interest Expense | $215.0M 0.1% | $51.0M 0.0% | $84.0M 0.0% | $147.0M 0.1% | $180.0M 0.1% | $238.0M 0.2% | $294.0M 0.2% | $329.0M 0.2% | $201.0M 0.2% | $178.0M 0.1% |
| Other Income (Expense), net | $41.0M 0.0% | $9.0M 0.0% | -$5.0M -0.0% | -$22.0M -0.0% | $47.0M 0.0% | $1.0M 0.0% | -$15.0M -0.0% | -$23.0M -0.0% | $5.0M 0.0% | -$5.0M -0.0% |
| Pretax Income | $2.10B 0.9% | $1.20B 0.5% | $663.0M 0.3% | -$784.0M -0.4% | $323.0M 0.2% | -$3.77B -2.5% | $1.75B 1.2% | -$228.0M -0.2% | $1.92B 1.5% | $2.28B 1.9% |
| Income Tax Expense | $532.0M 0.2% | $348.0M 0.2% | $332.0M 0.2% | $153.0M 0.1% | -$289.0M -0.2% | -$79.0M -0.1% | $386.0M 0.3% | -$487.0M -0.4% | $630.0M 0.5% | $845.0M 0.7% |
| Net Income | $1.56B 0.7% | $852.0M 0.4% | $330.0M 0.2% | -$938.0M -0.5% | $611.0M 0.4% | -$3.70B -2.4% | $1.36B 0.9% | $256.0M 0.2% | $1.29B 1.0% | $1.43B 1.2% |
| Per Share | ||||||||||
| EPS (Basic) | $6.48 | $3.48 | $1.27 | $-3.37 | $2.09 | $-12.61 | $4.55 | $0.82 | $4.06 | $4.36 |
| EPS (Diluted) | $6.45 | $3.45 | $1.26 | $-3.37 | $2.08 | $-12.61 | $4.53 | $0.81 | $4.03 | $4.32 |
| Weighted Avg Shares (Basic) | 241.0M | 245.0M | 261.0M | 279.0M | 292.0M | 293.0M | 300.0M | 313.0M | 317.0M | 327.0M |
| Weighted Avg Shares (Diluted) | 242.0M | 247.0M | 262.0M | 279.0M | 294.0M | 293.0M | 301.0M | 315.0M | 320.0M | 330.0M |
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.
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 |
| CAH | $54.5B | 35.1× | 19.3× | 0.3× | -1.9% | 3.7% | 0.7% | -56.1% | 27.2% | 2.8× | 1,360 |
Peers = companies sharing CAH'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.