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Institutional accumulation: ownership increased +2.16% 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.
Solve the discounted cash flow backwards, then stress-test the assumptions.
To be worth $3.41 today, the market must believe free cash flow compounds 7.6%/yr for a decade (off $20M normalized FCF).
The market's 7.6% is more optimistic than its 1-yr track record.
2-stage DCF · 0.08B shares · net debt $113M
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.
Safe > 2.99 · grey 1.81–2.99 · distress < 1.81
Eight indices comparing this year to last (receivables, margins, asset quality, growth, accruals, leverage). Above −1.78 suggests possible manipulation; below −2.22 is clean.
A screen, not proof — high growth alone can raise it.
Cash-conversion data unavailable. Lower/negative accruals = higher quality (Sloan).
Interest coverage is thin — monitor; 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.
No dividend to cover. Last year: $0 dividends + $0 buybacks = $0 returned on $17M 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.
How management deployed cash over 8 years — and what it earned on reinvestment.
A cash-return story — far more went to shareholders than back into the business (mature, low-reinvestment).
Insufficient data. Current ROIC on all capital: -10%. 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 $44M covers the $0 due within a year 44258000.0× over. Scheduled principal only (excludes interest & revolver draws). As of 2024-12-31 (10-K).
Insufficient EBITDA/debt history.
Green ≤ 1.5× · amber ≤ 3× · red > 3× (leverage relative to cash earnings).
Thin coverage — earnings barely cover interest. Effective rate ~6.4% on $157M 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.
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 | $342.3M 100.0% | $332.9M 100.0% | $309.4M 100.0% | $279.1M 100.0% | $219.9M 100.0% | $152.4M 100.0% | $112.1M 100.0% | $91.9M 100.0% |
| Cost of Revenue | $72.8M 21.3% | $77.6M 23.3% | $74.2M 24.0% | $70.0M 25.1% | $48.5M 22.1% | $34.1M 22.4% | $27.0M 24.1% | $21.9M 23.9% |
| Gross Profit | $269.6M 78.7% | $255.3M 76.7% | $235.2M 76.0% | $209.1M 74.9% | $171.4M 77.9% | $118.2M 77.6% | $85.1M 75.9% | $69.9M 76.1% |
| Research & Development | $73.0M 21.3% | $80.9M 24.3% | $83.5M 27.0% | $88.3M 31.6% | $64.5M 29.4% | $48.3M 31.7% | $43.1M 38.5% | $42.5M 46.2% |
| Selling, General & Admin | $55.9M 16.3% | $61.8M 18.6% | $58.8M 19.0% | $69.4M 24.9% | $51.3M 23.3% | $36.1M 23.7% | $22.2M 19.8% | $19.5M 21.2% |
| Total Operating Expenses | $285.8M 83.5% | $297.0M 89.2% | $307.6M 99.4% | $349.7M 125.3% | $247.3M 112.5% | $156.9M 103.0% | $126.1M 112.5% | $107.9M 117.5% |
| Operating Income | -$16.2M -4.7% | -$41.7M -12.5% | -$72.4M -23.4% | -$140.6M -50.4% | -$75.9M -34.5% | -$38.7M -25.4% | -$41.0M -36.6% | -$38.0M -41.3% |
| Interest Expense | $10.0M 2.9% | $6.1M 1.8% | $2.9M 0.9% | $2.8M 1.0% | $828K 0.4% | $3.1M 2.0% | $1.6M 1.4% | $1.5M 1.6% |
| Interest & Investment Income | $4.8M 1.4% | $10.6M 3.2% | $11.5M 3.7% | $4.2M 1.5% | $130K 0.1% | $31K 0.0% | $245K 0.2% | $653K 0.7% |
| Other Income (Expense), net | -$681K -0.2% | -$958K -0.3% | -$836K -0.3% | -$227K -0.1% | -$70K -0.0% | -$179K -0.1% | -$208K -0.2% | -$52K -0.1% |
| Pretax Income | -$18.2M -5.3% | -$26.0M -7.8% | -$64.7M -20.9% | -$139.4M -50.0% | -$76.7M -34.9% | -$37.5M -24.6% | -$42.6M -38.0% | -$38.9M -42.3% |
| Income Tax Expense | $1.2M 0.3% | $1.0M 0.3% | $0 0.0% | $495K 0.2% | -$34K -0.0% | $25K 0.0% | $28K 0.0% | $10K 0.0% |
| Net Income | -$19.3M -5.6% | -$27.0M -8.1% | -$64.7M -20.9% | -$139.9M -50.1% | -$76.7M -34.9% | -$37.6M -24.7% | -$42.6M -38.0% | -$38.9M -42.3% |
| Per Share | ||||||||
| EPS (Basic) | $-0.24 | $-0.35 | $-0.86 | $-1.91 | $-1.08 | $-0.99 | — | — |
| EPS (Diluted) | $-0.24 | $-0.35 | $-0.86 | $-1.91 | $-1.08 | $-0.99 | — | — |
| Weighted Avg Shares (Basic) | 80.3M | 77.6M | 75.1M | 73.2M | 70.9M | 39.1M | — | — |
| Weighted Avg Shares (Diluted) | 80.3M | 77.6M | 75.1M | 73.2M | 70.9M | 39.1M | — | — |
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.
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
Nothing notable to watch.
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
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 | 23.9 | 24.1 | 22.4 | 22.1 | 25.1 | 24.0 | 23.3 | 21.3 |
| Gross Profit | 76.1 | 75.9 | 77.6 | 77.9 | 74.9 | 76.0 | 76.7 | 78.7 |
| R&D | 46.2 | 38.5 | 31.7 | 29.4 | 31.6 | 27.0 | 24.3 | 21.3 |
| SG&A | 21.2 | 19.8 | 23.7 | 23.3 | 24.9 | 19.0 | 18.6 | 16.3 |
| Operating Income | -41.3 | -36.6 | -25.4 | -34.5 | -50.4 | -23.4 | -12.5 | -4.7 |
| Income Tax | 0.0 | 0.0 | 0.0 | -0.0 | 0.2 | 0.0 | 0.3 | 0.3 |
| Net Income | -42.3 | -38.0 | -24.7 | -34.9 | -50.1 | -20.9 | -8.1 | -5.6 |
Green = margin-favorable vs the row's own range · red = unfavorable.
The metrics that matter, over time
A 30-second read on CMRC: 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 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 | $10.83T | — | — | — | — | — | — | — | — | — | 3,121 |
| NVDA | $5.20T | 43.6× | 39.0× | 24.1× | 65.5% | 71.1% | 55.6% | 76.3% | 72.4% | 0.1× | 5,582 |
| AAPL | $4.91T | 44.6× | 34.3× | 11.8× | 6.4% | 46.9% | 26.9% | 152% | 68.1% | 0.6× | 5,858 |
| MSFT | $3.64T | 27.3× | 19.3× | 11.0× | 17.8% | 67.9% | 40.3% | 30.2% | 27.7% | 0.2× | 5,944 |
| AVGO | $1.61T | 71.2× | 63.6× | 25.2× | 23.9% | 67.8% | 36.2% | 28.4% | 15.8% | 2.5× | 4,442 |
| MU | $1.04T | 122.1× | 57.5× | 27.8× | 48.9% | 39.8% | 22.8% | 15.8% | 12.9% | 0.7× | 2,894 |
| AMD | $835.4B | 193.4× | 197.6× | 24.1× | 34.3% | 49.5% | 12.5% | 6.9% | 6.5% | 0.8× | 3,059 |
| INTC | $504.6B | — | 62.9× | 9.6× | -0.5% | 34.8% | -0.5% | -0.2% | -0.2% | 5.5× | 2,495 |
| CSCO | $426.7B | 42.3× | 35.8× | 7.5× | 5.3% | 64.9% | 18.0% | 21.7% | 13.6% | 2.3× | 3,560 |
| PLTR | $416.9B | 276.7× | 288.5× | 93.2× | 56.2% | 82.4% | 36.3% | 22.0% | 22.0% | — | 2,883 |
| DELL | $367.3B | 64.9× | 34.6× | 3.2× | 18.8% | 20.0% | 5.2% | -240% | 20.4% | 2.8× | 1,564 |
| LRCX | $341.6B | 64.9× | 54.5× | 18.5× | 23.7% | 48.7% | 29.1% | 54.3% | 37.4% | 0.7× | 2,500 |
| AMAT | $329.4B | 48.0× | 37.9× | 11.6× | 4.4% | 48.7% | 24.7% | 34.3% | 25.9% | 0.8× | 2,826 |
| RPAY | $325.1B | — | — | 1051.3× | -1.2% | 75.0% | -83.0% | -53.0% | -28.2% | -1.7× | 142 |
| UMC | $283.0B | — | — | — | — | — | — | — | — | — | 302 |
| SAP | $261.9B | — | — | — | — | — | — | — | — | — | 794 |
| ARM | $259.6B | 287.0× | 223.6× | 52.8× | 22.8% | 97.5% | 18.4% | 10.9% | 10.9% | — | 730 |
| PANW | $250.9B | 234.8× | 156.8× | 27.2× | 14.9% | 73.4% | 12.3% | 14.5% | 14.5% | — | 2,374 |
| ANET | $248.2B | 71.8× | 62.7× | 27.6× | 28.6% | 64.1% | 39.0% | 28.4% | 28.4% | — | 1,930 |
| TXN | $236.9B | 47.8× | 31.2× | 13.4× | 13.0% | 57.0% | 28.3% | 30.7% | 16.5% | 1.8× | 2,345 |
| CRM | $232.8B | 32.1× | 25.2× | 5.6× | 9.6% | 77.7% | 18.0% | 12.6% | 10.1% | 1.5× | 2,547 |
| IBM | $222.5B | 21.3× | — | 3.3× | 7.6% | 58.2% | 15.7% | 32.4% | 11.3% | — | 3,351 |
| SNDK | $221.9B | — | — | 30.2× | 10.4% | 30.1% | -22.3% | -17.8% | -14.8% | -1.5× | 1,127 |
| QCOM | $198.5B | 36.9× | 14.9× | 4.5× | 13.7% | 55.4% | 12.5% | 26.1% | 15.4% | 1.1× | 2,611 |
| MRVL | $194.6B | 74.8× | 127.2× | 23.8× | 42.1% | 51.0% | 32.6% | 18.7% | 14.2% | 2.9× | 1,477 |
| CMRC | $280M | — | — | 0.8× | 2.8% | 78.7% | -5.6% | -49.1% | -9.8% | -12.9× | 146 |
Peers = companies sharing CMRC'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.