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Strong institutional accumulation: ownership increased +6.98% 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 $10.84 today, the market must believe free cash flow compounds 14.7%/yr for a decade (off $3M normalized FCF).
The market's 14.7% is more optimistic than its 9-yr track record.
2-stage DCF · 0.01B shares · net debt -$29M
mean 80.3% · volatility σ 167% · implied rate exceeded in 4/9 yrs
Central path = implied 14.7%/yr growth; shaded band = ±1σ (167%) 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.
EOD close · as of 2026-09-18
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 | $26.6M 100.0% | $20.3M 100.0% | $19.4M 100.0% | $22.2M 100.0% | $21.3M 100.0% | $20.0M 100.0% | $25.1M 100.0% | $18.0M 100.0% | $18.0M 100.0% | $21.1M 100.0% |
| Cost of Revenue | $8.9M 33.5% | $6.1M 30.2% | $6.3M 32.7% | $7.0M 31.7% | $6.6M 30.8% | $7.3M 36.5% | $8.6M 34.4% | $5.4M 29.7% | $6.1M 33.6% | $8.5M 40.1% |
| Gross Profit | $17.7M 66.5% | $14.2M 69.8% | $13.0M 67.3% | $15.2M 68.3% | $14.8M 69.2% | $12.7M 63.5% | $16.4M 65.6% | $12.7M 70.3% | $12.0M 66.4% | $12.7M 59.9% |
| Research & Development | $2.4M 9.2% | $2.2M 11.0% | $2.1M 10.8% | $2.2M 10.1% | $3.0M 14.0% | $3.2M 15.9% | $2.8M 11.2% | $2.6M 14.3% | $1.4M 7.7% | $1.0M 4.8% |
| Selling, General & Admin | $10.7M 40.2% | $8.3M 41.1% | $8.2M 42.3% | $7.9M 35.8% | $7.9M 37.3% | $6.7M 33.6% | $7.4M 29.4% | $6.8M 37.6% | $6.8M 37.6% | $6.1M 28.9% |
| Total Operating Expenses | $13.1M 49.4% | $10.6M 52.1% | $10.3M 53.2% | $10.2M 45.8% | $10.9M 51.2% | $9.9M 49.5% | $10.2M 40.6% | $9.4M 51.9% | $8.1M 45.2% | $7.1M 33.7% |
| Operating Income | $4.5M 17.1% | $3.6M 17.6% | $2.7M 14.2% | $5.0M 22.5% | $3.8M 18.0% | $2.8M 14.0% | $6.3M 25.0% | $3.3M 18.4% | $3.8M 21.2% | $5.5M 26.2% |
| Interest Expense | — | — | — | $10K 0.0% | — | — | — | — | -$597K -3.3% | -$856K -4.1% |
| Other Income (Expense), net | $976K 3.7% | $1.0M 5.1% | $682K 3.5% | $128K 0.6% | $1.4M 6.6% | $598K 3.0% | -$21K -0.1% | -$208K -1.2% | -$476K -2.6% | -$684K -3.2% |
| Pretax Income | $5.5M 20.8% | $4.6M 22.7% | $3.4M 17.7% | $5.1M 23.1% | $5.3M 24.6% | $3.4M 17.0% | $6.2M 24.9% | $3.1M 17.2% | $3.3M 18.5% | $4.9M 23.0% |
| Income Tax Expense | $1.4M 5.2% | $965K 4.8% | $297K 1.5% | $831K 3.7% | $305K 1.4% | $58K 0.3% | -$1.0M -4.0% | $1.9M 10.5% | -$3K -0.0% | $76K 0.4% |
| Net Income | $4.1M 15.5% | $3.6M 17.9% | $3.1M 16.1% | $4.3M 19.4% | $4.9M 23.2% | $3.3M 16.7% | $5.2M 20.9% | $5.0M 27.7% | $3.3M 18.5% | $4.9M 23.3% |
| Per Share | ||||||||||
| EPS (Basic) | $0.37 | $0.33 | $0.28 | $0.40 | $0.46 | $0.31 | $0.49 | $0.49 | $0.37 | $0.60 |
| EPS (Diluted) | $0.37 | $0.32 | $0.28 | $0.38 | $0.44 | $0.30 | $0.49 | $0.49 | $0.36 | $0.58 |
| Weighted Avg Shares (Basic) | 11.2M | 11.2M | 11.1M | 10.9M | 10.8M | 10.7M | 10.7M | 10.1M | 9.1M | 8.3M |
| Weighted Avg Shares (Diluted) | 11.3M | 11.3M | 11.3M | 11.3M | 11.3M | 11.3M | 10.7M | 10.1M | 9.3M | 8.4M |
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
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.
Earnings are backed by cash (FCF ≥ net income) — high quality. Lower/negative accruals = higher quality (Sloan).
Coverage data unavailable.
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 $6M 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 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: 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 $29M covers all $2M of scheduled principal — no refinancing pressure. Scheduled principal only (excludes interest & revolver draws). As of 2018-10-31 (10-K/A).
Green ≤ 1.5× · amber ≤ 3× · red > 3× (leverage relative to cash earnings).
Interest is easily covered by operating profit. Interest last disclosed in FY2022 (no longer broken out).
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. Maturity ladder from the SEC long-term-debt repayment schedule. Educational — not a recommendation.
EOD close · as of 2026-09-18
No material risks flagged.
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
Low operating leverage — profit tracks sales closely (stable, less cyclical).
Each line as % of revenue — the trend in color
| % of revenue | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|
| Cost of Revenue | 29.7 | 34.4 | 36.5 | 30.8 | 31.7 | 32.7 | 30.2 | 33.5 |
| Gross Profit | 70.3 | 65.6 | 63.5 | 69.2 | 68.3 | 67.3 | 69.8 | 66.5 |
| R&D | 14.3 | 11.2 | 15.9 | 14.0 | 10.1 | 10.8 | 11.0 | 9.2 |
| SG&A | 37.6 | 29.4 | 33.6 | 37.3 | 35.8 | 42.3 | 41.1 | 40.2 |
| Operating Income | 18.4 | 25.0 | 14.0 | 18.0 | 22.5 | 14.2 | 17.6 | 17.1 |
| Income Tax | 10.5 | -4.0 | 0.3 | 1.4 | 3.7 | 1.5 | 4.8 | 5.2 |
| Net Income | 27.7 | 20.9 | 16.7 | 23.2 | 19.4 | 16.1 | 17.9 | 15.5 |
Green = margin-favorable vs the row's own range · red = unfavorable.
The metrics that matter, over time
A 30-second read on CODA: price, valuation, headline fundamentals, and an auto-generated scorecard from SEC filings. Flags are rule-based signals, not recommendations.
Ranked against 651 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| LTM | $29.37T | — | — | — | — | — | — | — | — | — | 160 |
| CAT | $376.4B | 43.0× | 30.0× | 5.6× | 4.3% | 33.8% | 13.1% | 41.7% | 15.4% | 2.7× | 3,616 |
| GE | $329.6B | 38.6× | — | 7.2× | 18.5% | — | 19.0% | 46.6% | 22.2% | — | 3,077 |
| RTX | $260.4B | 39.1× | 18.5× | 2.9× | 9.7% | — | 7.6% | 10.3% | 10.3% | 0.0× | 3,277 |
| BA | $200.6B | 79.9× | 40.4× | 2.2× | 34.5% | 4.8% | 2.5% | 41.0% | 3.3% | 10.0× | 2,435 |
| DE | $185.0B | 37.0× | — | 4.0× | -11.7% | — | 11.0% | 19.4% | 12.6% | — | 2,491 |
| ABBNY | $179.9B | 48.6× | 32.1× | 5.6× | 9.5% | 34.8% | 11.9% | 28.5% | 20.4% | 0.9× | 48 |
| UNP | $165.7B | 23.3× | 15.9× | 6.8× | 1.1% | — | 29.1% | 38.7% | 14.2% | 2.6× | 2,648 |
| ETN | $164.8B | 40.6× | — | 6.0× | 10.3% | 37.6% | 14.9% | 21.0% | 13.9% | — | 2,398 |
| HON | $131.2B | 28.1× | 16.1× | 3.5× | 7.8% | 36.9% | 12.6% | 34.0% | 9.8% | 3.6× | 2,694 |
| LMT | $122.1B | 24.8× | 16.0× | 1.6× | 5.6% | 10.2% | 6.7% | 74.6% | 17.7% | 2.5× | 2,807 |
| PH | $121.1B | 34.8× | 27.3× | 6.1× | -0.4% | 36.9% | 17.8% | 25.8% | 16.7% | 1.6× | 1,845 |
| ADP | $107.9B | 24.8× | — | 4.9× | 6.7% | 46.4% | 20.1% | 73.2% | 40.1% | — | 2,179 |
| TT | $95.7B | 33.1× | 23.6× | 4.5× | 7.5% | — | 13.7% | 34.0% | 22.1% | 1.1× | 1,658 |
| GD | $95.5B | 22.9× | 16.8× | 1.8× | 10.1% | — | 8.0% | 16.4% | 12.5% | 1.3× | 2,123 |
| VRT | $95.4B | 73.1× | 45.2× | 9.3× | 27.7% | 36.3% | 13.0% | 33.8% | 19.4% | 1.4× | 1,748 |
| PWR | $95.2B | 93.6× | 47.2× | 3.3× | 20.3% | 15.0% | 3.6% | 11.5% | 10.6% | 0.4× | 1,659 |
| JCI | $93.4B | 28.5× | — | 4.0× | 2.8% | 36.4% | 13.9% | 25.5% | 14.4% | — | 1,487 |
| HWM | $92.2B | 61.9× | 40.6× | 11.2× | 11.1% | — | 18.3% | 28.2% | 17.9% | 1.3× | 1,399 |
| MMM | $88.0B | 27.6× | 16.9× | 3.5× | 1.5% | 39.9% | 13.0% | 69.1% | 18.8% | 2.1× | 2,051 |
| CSX | $87.6B | 30.6× | 14.1× | 6.2× | -3.1% | — | 20.5% | 22.0% | 22.0% | — | 1,791 |
| WM | $85.1B | 31.5× | 11.9× | 3.4× | 14.2% | 40.4% | 10.7% | 27.1% | 25.3% | 0.1× | 2,262 |
| EMR | $84.4B | 37.1× | — | 4.7× | 3.0% | 52.8% | 12.7% | 11.3% | 6.9% | — | 2,112 |
| UPS | $84.1B | 15.1× | 9.4× | 0.9× | -2.6% | — | 6.3% | 34.3% | 13.8% | 2.2× | 2,025 |
| CTAS | $79.6B | 44.9× | 28.7× | 7.7× | 7.7% | 50.0% | 17.5% | 38.7% | 25.5% | 0.8× | 1,366 |
| CODA | $122M | 29.3× | 17.3× | 4.6× | 30.7% | 66.5% | 15.5% | 7.1% | 7.1% | — | 61 |
Peers = companies sharing CODA's sector (Industrials) 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.
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