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Strong institutional distribution: ownership decreased -4.40% quarter-over-quarter.
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
Solve the discounted cash flow backwards, then stress-test the assumptions.
This company doesn't have positive free cash flow, so a reverse DCF can't be run.
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 | $42.2M 100.0% | $26.4M 100.0% | $1.2M 100.0% | $211.0M 100.0% | $326.6M 100.0% | $475.8M 100.0% | $356.1M 100.0% | $0 | $1.6M 100.0% | $190.1M 100.0% |
| Cost of Revenue | $13.8M 32.8% | $8.7M 33.1% | $438K 36.0% | $70.1M 33.2% | $57.6M 17.6% | $37.7M 7.9% | $17.1M 4.8% | — | — | — |
| Research & Development | $108.9M 258.2% | $91.8M 348.0% | $96.1M 7890.8% | $199.4M 94.5% | $363.1M 111.2% | $142.8M 30.0% | $94.2M 26.5% | $110.2M | $162.4M 10436.3% | $254.4M 133.8% |
| Selling, General & Admin | $100.6M 238.6% | $125.5M 475.5% | $120.5M 9889.8% | $198.5M 94.0% | $169.7M 52.0% | $139.1M 29.2% | $137.0M 38.5% | $94.2M | $71.3M 4582.5% | $51.6M 27.1% |
| Total Operating Expenses | $223.3M 529.5% | $226.0M 856.6% | $217.0M 17816.6% | $467.9M 221.7% | $590.4M 180.8% | $319.5M 67.1% | $248.3M 69.7% | $204.4M | $233.7M 15018.8% | $306.0M 161.0% |
| Operating Income | -$181.1M -429.5% | -$199.7M -756.6% | -$215.8M -17716.6% | -$256.9M -121.7% | -$263.9M -80.8% | $156.3M 32.9% | $107.8M 30.3% | -$204.4M | -$232.1M -14918.8% | -$115.9M -61.0% |
| Interest Expense | $9.0M 21.3% | $10.7M 40.7% | $11.1M 909.6% | $32.5M 15.4% | $23.0M 7.0% | $21.2M 4.4% | $17.6M 4.9% | $9.7M | $9.6M 613.9% | $8.0M 4.2% |
| Interest & Investment Income | $7.0M 16.6% | $4.5M 17.1% | $2.8M 229.9% | $1.9M 0.9% | $1.4M 0.4% | $600K 0.1% | $1.6M 0.4% | $1.4M | — | — |
| Other Income (Expense), net | $7.0M 16.6% | $7.6M 28.9% | $4.7M 387.9% | $3.8M 1.8% | -$283K -0.1% | $554K 0.1% | $2.6M 0.7% | $4.7M | $3.4M 218.6% | -$3.9M -2.0% |
| Pretax Income | -$183.1M -434.2% | -$215.4M -816.2% | -$222.1M -18238.3% | -$291.8M -138.2% | -$287.1M -87.9% | $135.7M 28.5% | $92.8M 26.1% | -$209.4M | -$238.3M -15314.0% | — |
| Income Tax Expense | $0 0.0% | $0 0.0% | -$380K -31.2% | $0 0.0% | $0 0.0% | $3.5M 0.7% | $2.9M 0.8% | $0 | $0 0.0% | $0 0.0% |
| Net Income | $168.0M 398.4% | $28.5M 108.0% | -$237.9M -19531.4% | -$291.8M -138.2% | -$287.1M -87.9% | $132.2M 27.8% | $89.8M 25.2% | -$209.3M | -$238.2M -15306.6% | -$127.3M -67.0% |
| Per Share | ||||||||||
| EPS (Basic) | $1.43 | $0.25 | $-2.53 | $-3.76 | $-3.81 | $1.85 | $1.29 | $-3.22 | $-4.48 | — |
| EPS (Diluted) | $1.43 | $0.25 | $-2.53 | $-3.76 | $-3.81 | $1.62 | $1.23 | $-3.22 | $-4.48 | — |
| Weighted Avg Shares (Basic) | 117.1M | 114.6M | 94.2M | 77.6M | 75.4M | 71.4M | 69.7M | 65.0M | 53.1M | — |
| Weighted Avg Shares (Diluted) | 117.1M | 114.6M | 94.2M | 77.6M | 75.4M | 83.5M | 73.2M | 65.0M | 53.1M | — |
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.
Is the value real, and is the business safe? Academic scores + earnings quality + solvency, from SEC filings.
5/8 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
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).
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.
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: 275%. 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.
Insufficient EBITDA/debt history.
Green ≤ 1.5× · amber ≤ 3× · red > 3× (leverage relative to cash earnings).
Thin coverage — earnings barely cover interest.
Cash vs short-term debt unavailable.
Short-term / long-term split not separately reported.
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
Where each multiple sits in its own 12-yr range · 9th pct blended
Dot = today · shaded = middle 50% · line = median. Lower percentile = cheaper vs its own 12-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 | — | 4.8 | 7.9 | 17.6 | 33.2 | 36.0 | 33.1 | 32.8 |
| R&D | — | 26.5 | 30.0 | 111.2 | 94.5 | 7890.8 | 348.0 | 258.2 |
| SG&A | — | 38.5 | 29.2 | 52.0 | 94.0 | 9889.8 | 475.5 | 238.6 |
| Operating Income | — | 30.3 | 32.9 | -80.8 | -121.7 | -17716.6 | -756.6 | -429.5 |
| Income Tax | — | 0.8 | 0.7 | 0.0 | 0.0 | -31.2 | 0.0 | 0.0 |
| Net Income | — | 25.2 | 27.8 | -87.9 | -138.2 | -19531.4 | 108.0 | 398.4 |
Green = margin-favorable vs the row's own range · red = unfavorable.
The metrics that matter, over time
A 30-second read on CHRS: 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 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 |
| CHRS | $149M | 0.9× | — | 3.5× | 59.8% | 67.2% | 398% | 275% | 275% | — | 152 |
Peers = companies sharing CHRS'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.