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Held by 2,547 of 5,944 reporting institutions (100th 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 $242.85 today, the market must believe free cash flow compounds 7.2%/yr for a decade (off $12.1B normalized FCF).
The market's 7.2% is more conservative than its 9-yr track record.
2-stage DCF · 0.93B shares · net debt $7.1B
mean 27.3% · volatility σ 11% · implied rate exceeded in 9/9 yrs
Central path = implied 7.2%/yr growth; shaded band = ±1σ (11%) 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 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.
EOD close · as of 2026-09-17
How a revenue dollar becomes profit — FY2026
Each value shows its share of revenue below it (common-size).
| Line Item | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $41.52B 100.0% | $37.90B 100.0% | $34.86B 100.0% | $31.35B 100.0% | $26.49B 100.0% | $21.25B 100.0% | $17.10B 100.0% | $13.28B 100.0% | $10.54B 100.0% | $8.39B 100.0% |
| Cost of Revenue | $9.27B 22.3% | $8.64B 22.8% | $8.54B 24.5% | $8.36B 26.7% | $7.03B 26.5% | $5.44B 25.6% | $4.24B 24.8% | $3.45B 26.0% | $2.77B 26.3% | $2.23B 26.6% |
| Cost of Services | — | — | — | — | — | — | — | — | $2.77B 26.3% | $2.23B 26.6% |
| Gross Profit | $32.26B 77.7% | $29.25B 77.2% | $26.32B 75.5% | $22.99B 73.3% | $19.47B 73.5% | $15.81B 74.4% | $12.86B 75.2% | $9.83B 74.0% | $7.77B 73.7% | $6.20B 73.9% |
| Research & Development | $5.99B 14.4% | $5.49B 14.5% | $4.91B 14.1% | $5.05B 16.1% | $4.46B 16.9% | $3.60B 16.9% | $2.77B 16.2% | $1.89B 14.2% | $1.55B 14.7% | $1.21B 14.4% |
| Selling, General & Admin | $3.00B 7.2% | $2.84B 7.5% | $2.53B 7.3% | $2.55B 8.1% | $2.60B 9.8% | $2.09B 9.8% | $1.70B 10.0% | $1.35B 10.1% | $1.09B 10.3% | $966.0M 11.5% |
| Total Operating Expenses | $23.92B 57.6% | $22.05B 58.2% | $21.30B 61.1% | $21.96B 70.0% | $18.92B 71.4% | $15.36B 72.3% | $12.57B 73.5% | $9.30B 70.0% | $7.31B 69.4% | $5.99B 71.3% |
| Operating Income | $8.33B 20.1% | $7.21B 19.0% | $5.01B 14.4% | $1.03B 3.3% | $548.0M 2.1% | $455.0M 2.1% | $297.0M 1.7% | $535.0M 4.0% | $454.0M 4.3% | $218.0M 2.6% |
| Interest Expense | $324.0M 0.8% | $272.0M 0.7% | $283.0M 0.8% | $300.0M 1.0% | $216.0M 0.8% | $110.0M 0.5% | $110.0M 0.6% | $154.0M 1.2% | $87.0M 0.8% | $89.0M 1.1% |
| Interest & Investment Income | $539.0M 1.3% | $647.0M 1.7% | $527.0M 1.5% | $199.0M 0.6% | — | — | $117.0M 0.7% | $61.0M 0.5% | $37.0M 0.4% | $22.0M 0.3% |
| Other Income (Expense), net | $172.0M 0.4% | $354.0M 0.9% | $216.0M 0.6% | -$131.0M -0.4% | -$227.0M -0.9% | — | -$18.0M -0.1% | -$94.0M -0.7% | -$53.0M -0.5% | -$8.0M -0.1% |
| Pretax Income | $9.52B 22.9% | $7.44B 19.6% | $4.95B 14.2% | $660.0M 2.1% | $1.53B 5.8% | $2.56B 12.1% | $706.0M 4.1% | $983.0M 7.4% | $420.0M 4.0% | $179.0M 2.1% |
| Income Tax Expense | $2.06B 5.0% | $1.24B 3.3% | $814.0M 2.3% | $452.0M 1.4% | $88.0M 0.3% | -$1.51B -7.1% | $580.0M 3.4% | -$127.0M -1.0% | $60.0M 0.6% | -$144.0M -1.7% |
| Net Income | $7.46B 18.0% | $6.20B 16.4% | $4.14B 11.9% | $208.0M 0.7% | $1.44B 5.5% | $4.07B 19.2% | $126.0M 0.7% | $1.11B 8.4% | $360.0M 3.4% | $323.0M 3.8% |
| Per Share | ||||||||||
| EPS (Basic) | $7.85 | $6.44 | $4.25 | $0.21 | $1.51 | $4.48 | $0.15 | $1.48 | $0.50 | $0.47 |
| EPS (Diluted) | $7.80 | $6.36 | $4.20 | $0.21 | $1.48 | $4.38 | $0.15 | $1.43 | $0.49 | $0.46 |
| Weighted Avg Shares (Basic) | 950.0M | 962.0M | 974.0M | 992.0M | 955.0M | 908.0M | 829.0M | 751.0M | 715.0M | 688.0M |
| Weighted Avg Shares (Diluted) | 956.0M | 974.0M | 984.0M | 997.0M | 974.0M | 930.0M | 850.0M | 775.0M | 735.0M | 700.0M |
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.
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
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 11% of free cash flow, leaving room to grow it and fund buybacks. Last year: $1.6B dividends + $12.6B buybacks = $14.2B returned on $14.4B FCF.
2 consecutive years of dividend increases · 7%/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 balanced mix of reinvestment and shareholder returns.
Reinvestment has been productive — operating income grew well per dollar put in. Current ROIC on all capital: 10%. 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 $7.3B covers the $4.0B due within a year 1.8× over. Scheduled principal only (excludes interest & revolver draws). As of 2026-01-31 (10-K).
Green ≤ 1.5× · amber ≤ 3× · red > 3× (leverage relative to cash earnings).
Interest is easily covered by operating profit. Effective rate ~2.2% on $14.4B of debt.
Cash of $7.3B fully covers short-term debt of $4.0B.
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
Is the profit real, and how strong is the balance sheet?
FY2026 · 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 1.6× as fast as sales — great in an upturn, painful in a downturn.
Each line as % of revenue — the trend in color
| % of revenue | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 |
|---|---|---|---|---|---|---|---|---|
| Cost of Revenue | 26.0 | 24.8 | 25.6 | 26.5 | 26.7 | 24.5 | 22.8 | 22.3 |
| Gross Profit | 74.0 | 75.2 | 74.4 | 73.5 | 73.3 | 75.5 | 77.2 | 77.7 |
| R&D | 14.2 | 16.2 | 16.9 | 16.9 | 16.1 | 14.1 | 14.5 | 14.4 |
| SG&A | 10.1 | 10.0 | 9.8 | 9.8 | 8.1 | 7.3 | 7.5 | 7.2 |
| Operating Income | 4.0 | 1.7 | 2.1 | 2.1 | 3.3 | 14.4 | 19.0 | 20.1 |
| Income Tax | -1.0 | 3.4 | -7.1 | 0.3 | 1.4 | 2.3 | 3.3 | 5.0 |
| Net Income | 8.4 | 0.7 | 19.2 | 5.5 | 0.7 | 11.9 | 16.4 | 18.0 |
Green = margin-favorable vs the row's own range · red = unfavorable.
The metrics that matter, over time
A 30-second read on CRM: 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 |
Peers = companies sharing CRM'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.