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Held by 974 of 5,944 reporting institutions (99th 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.
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
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.
Modest payoff on reinvested capital. Current ROIC on all capital: 7%. 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 $1.9B is below the $2.6B due within a year — relies on refinancing or operating cash flow. Scheduled principal only (excludes interest & revolver draws). As of 2025-11-30 (10-K).
Insufficient EBITDA/debt history.
Green ≤ 1.5× · amber ≤ 3× · red > 3× (leverage relative to cash earnings).
Coverage is adequate but not comfortable. Effective rate ~5.1% on $26.6B of debt.
Cash of $1.9B is below short-term debt of $2.6B — relies on refinancing/operations.
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
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 | $26.62B 100.0% | $25.02B 100.0% | $21.59B 100.0% | $12.17B 100.0% | $1.91B 100.0% | $5.59B 100.0% | $20.82B 100.0% | $18.88B 100.0% | $17.51B 100.0% | $16.39B 100.0% |
| Cost of Revenue | — | $15.64B 62.5% | $14.32B 66.3% | $11.76B 96.6% | $4.66B 244.0% | — | $12.91B 62.0% | $11.09B 58.7% | $10.50B 60.0% | $9.38B 57.3% |
| Selling, General & Admin | $3.40B 12.8% | $3.25B 13.0% | $2.95B 13.7% | $2.52B 20.7% | $1.89B 98.8% | $1.88B 33.6% | $2.48B 11.9% | $2.45B 13.0% | $2.27B 12.9% | $2.20B 13.4% |
| Total Operating Expenses | — | $21.45B 85.7% | $19.64B 90.9% | $16.55B 136.0% | $9.00B 471.5% | $14.46B 258.4% | $17.55B 84.3% | $15.56B 82.4% | $14.70B 84.0% | $13.32B 81.3% |
| Operating Income | $4.48B 16.8% | $3.57B 14.3% | $1.96B 9.1% | -$4.38B -36.0% | -$7.09B -371.5% | -$8.87B -158.4% | $3.28B 15.7% | $3.33B 17.6% | $2.81B 16.0% | $3.07B 18.7% |
| Interest Expense | $1.35B 5.1% | $1.75B 7.0% | $2.07B 9.6% | $1.61B 13.2% | $1.60B 83.9% | $895.0M 16.0% | $206.0M 1.0% | $194.0M 1.0% | $198.0M 1.1% | $223.0M 1.4% |
| Interest & Investment Income | $51.0M 0.2% | $93.0M 0.4% | $233.0M 1.1% | $74.0M 0.6% | $12.0M 0.6% | $18.0M 0.3% | $23.0M 0.1% | $14.0M 0.1% | $9.0M 0.1% | $6.0M 0.0% |
| Other Income (Expense), net | -$4.0M -0.0% | -$1.66B -6.6% | -$2.02B -9.3% | -$1.70B -14.0% | -$2.43B -127.5% | -$1.39B -24.8% | -$215.0M -1.0% | -$118.0M -0.6% | -$143.0M -0.8% | -$243.0M -1.5% |
| Pretax Income | $2.77B 10.4% | $1.92B 7.7% | -$62.0M -0.3% | -$6.08B -50.0% | -$9.52B -499.1% | -$10.25B -183.3% | $3.06B 14.7% | $3.21B 17.0% | $2.67B 15.2% | $2.83B 17.3% |
| Income Tax Expense | $12.0M 0.0% | -$1.0M -0.0% | $13.0M 0.1% | $14.0M 0.1% | -$21.0M -1.1% | -$17.0M -0.3% | $71.0M 0.3% | $54.0M 0.3% | $60.0M 0.3% | -$49.0M -0.3% |
| Net Income | $2.76B 10.4% | $1.92B 7.7% | -$74.0M -0.3% | -$6.09B -50.1% | -$9.50B -498.0% | -$10.24B -182.9% | $2.99B 14.4% | $3.15B 16.7% | $2.61B 14.9% | $2.78B 17.0% |
| Per Share | ||||||||||
| EPS (Basic) | $2.10 | $1.50 | $-0.06 | $-5.16 | $-8.46 | $-13.20 | $4.34 | $4.45 | $3.61 | $3.73 |
| EPS (Diluted) | $2.02 | $1.44 | $-0.06 | $-5.16 | $-8.46 | $-13.20 | $4.32 | $4.44 | $3.59 | $3.72 |
| Weighted Avg Shares (Basic) | 1.31B | 1.27B | 1.26B | 1.18B | 1.12B | 775.0M | 690.0M | 709.0M | 722.0M | 745.0M |
| Weighted Avg Shares (Diluted) | 1.40B | 1.40B | 1.26B | 1.18B | 1.12B | 775.0M | 692.0M | 710.0M | 725.0M | 747.0M |
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.
Solve the discounted cash flow backwards, then stress-test the assumptions.
To be worth $22.17 today, the market must believe free cash flow compounds 14.5%/yr for a decade (off $1.6B normalized FCF).
The market's 14.5% is more optimistic than its 9-yr track record.
2-stage DCF · 1.31B shares · net debt $24.7B
mean -3607.2% · volatility σ 8848% · implied rate exceeded in 3/6 yrs
Central path = implied 14.5%/yr growth; shaded band = ±1σ (8848%) 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.
7/8 of the 9 checks — 1 couldn't be scored (see above), so the score is out of the 8 with data.
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.
Cash conversion lags reported earnings — watch accruals. Lower/negative accruals = higher quality (Sloan).
Interest coverage is thin — monitor.
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 $2.6B 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.
EOD close · as of 2026-09-17
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 4.0× 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 | 58.7 | 62.0 | — | 244.0 | 96.6 | 66.3 | 62.5 | — |
| SG&A | 13.0 | 11.9 | 33.6 | 98.8 | 20.7 | 13.7 | 13.0 | 12.8 |
| Operating Income | 17.6 | 15.7 | -158.4 | -371.5 | -36.0 | 9.1 | 14.3 | 16.8 |
| Income Tax | 0.3 | 0.3 | -0.3 | -1.1 | 0.1 | 0.1 | -0.0 | 0.0 |
| Net Income | 16.7 | 14.4 | -182.9 | -498.0 | -50.1 | -0.3 | 7.7 | 10.4 |
Green = margin-favorable vs the row's own range · red = unfavorable.
The metrics that matter, over time
A 30-second read on CCL: 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.
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 | $2.70T | — | — | — | — | — | — | 20.5% | 16.2% | — | 5,764 |
| TSLA | $1.37T | 339.1× | 145.5× | 14.5× | -2.9% | 18.0% | 4.0% | 4.6% | 4.2% | 0.9× | 4,029 |
| TM | $614.2B | 60.0× | 24.8× | 2.6× | 3.8% | 18.4% | 4.4% | 7.9% | 5.9% | 1.7× | 665 |
| PDD | $442.6B | 32.9× | 31.9× | 7.2× | 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 | $201.7B | 135.7× | — | 1.4× | 8.1% | 39.8% | 10.1% | 9.8% | 9.8% | — | 1,298 |
| TJX | $140.1B | 26.0× | — | 2.3× | 7.1% | 31.0% | 9.1% | 53.9% | 42.1% | — | 2,608 |
| HTHT | $132.7B | 187.9× | 114.3× | — | — | — | — | 39.7% | 27.3% | 0.7× | 258 |
| SBUX | $109.9B | 59.3× | 26.8× | 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 | $101.7B | — | 37.9× | 8.3× | 10.3% | 83.0% | 20.5% | 30.6% | 24.6% | 0.8× | 1,246 |
| MELI | $92.5B | 46.3× | — | 3.2× | 39.1% | 44.5% | 6.9% | 29.6% | 12.5% | — | 1,380 |
| MAR | $88.8B | 35.1× | 20.6× | 3.4× | 4.3% | — | 9.9% | -69.0% | -69.4% | 0.0× | 1,559 |
| LKNCY | $86.3B | 168.2× | 90.8× | 12.3× | 48.9% | — | 7.3% | 23.0% | 23.0% | — | 9 |
| GM | $78.3B | 26.5× | 3.9× | 0.4× | -1.3% | — | 1.5% | 4.4% | 4.4% | — | 1,447 |
| ROST | $74.0B | 34.7× | 22.0× | 3.3× | 7.7% | 27.7% | 9.4% | 34.7% | 27.8% | 0.5× | 1,276 |
| ORLY | $71.5B | 28.6× | 19.5× | 4.0× | 6.4% | 51.6% | 14.3% | -333% | 48.3% | 1.5× | 1,569 |
| HLT | $69.7B | 49.4× | 24.0× | 5.8× | 7.7% | — | 12.1% | -27.0% | -27.0% | — | 1,126 |
| RCL | $67.7B | 16.0× | — | 3.8× | 8.8% | 49.4% | 23.8% | 42.5% | 32.3% | — | 1,114 |
| SE | $62.0B | 40.2× | 24.6× | 2.7× | 36.4% | 44.7% | 6.9% | 12.6% | 12.6% | — | 718 |
| F | $54.2B | — | 4.5× | 0.3× | 1.2% | 6.8% | -4.4% | -22.7% | -22.7% | — | — |
| NKE | $53.9B | 17.3× | — | 1.2× | 0.2% | 42.9% | 6.7% | 20.9% | 13.6% | — | 1,848 |
| EBAY | $50.7B | 26.0× | 18.4× | 4.6× | 7.9% | 71.5% | 18.3% | 45.3% | 38.8% | 0.3× | 1,182 |
| AZO | $47.8B | 19.6× | 13.3× | 2.5× | 2.4% | 52.6% | 13.2% | -73.2% | 46.4% | 2.1× | 1,245 |
| CMG | $44.8B | 29.4× | 19.4× | 3.8× | 5.4% | — | 12.9% | 54.3% | 54.3% | 0.0× | 1,203 |
| CCL | $29.1B | 11.0× | — | 1.1× | 6.4% | — | 10.4% | 22.5% | 7.1% | — | 974 |
Peers = companies sharing CCL'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.