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Held by 175 of 5,944 reporting institutions (91th 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.
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.
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 -$57M 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 9 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: -19%. Rough measure (includes maintenance capex).
Cash uses aggregated from the SEC cash-flow statement over 9 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. Effective rate ~10.2% on $248M of debt.
Cash vs short-term debt unavailable.
Mostly long-term debt (balance-sheet current vs non-current split). A year-by-year maturity schedule wasn't disclosed for this issuer.
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
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 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | $211.1M 100.0% | $166.0M 100.0% | $165.2M 100.0% | $161.7M 100.0% | $126.7M 100.0% | $84.7M 100.0% | $89.6M 100.0% | $61.2M 100.0% | $34.7M 100.0% |
| Cost of Revenue | $64.8M 30.7% | $56.5M 34.0% | $58.2M 35.2% | $55.1M 34.1% | $41.3M 32.6% | $32.2M 38.0% | $34.7M 38.7% | $25.1M 41.0% | $17.0M 49.0% |
| Gross Profit | $146.3M 69.3% | $109.5M 66.0% | $107.0M 64.8% | $106.6M 65.9% | $85.4M 67.4% | $52.5M 62.0% | $54.9M 61.3% | $36.1M 59.0% | $17.7M 51.0% |
| Research & Development | $20.2M 9.6% | $19.7M 11.9% | $26.4M 16.0% | $20.3M 12.5% | $18.3M 14.5% | $13.8M 16.3% | $15.0M 16.7% | $12.7M 20.7% | $6.9M 19.8% |
| Selling, General & Admin | $165.1M 78.2% | $139.8M 84.2% | $145.6M 88.1% | $126.0M 77.9% | $92.2M 72.8% | $66.6M 78.7% | $70.8M 79.1% | $47.3M 77.3% | $30.8M 88.9% |
| Total Operating Expenses | $185.3M 87.8% | $159.5M 96.1% | $172.0M 104.1% | $146.3M 90.4% | $110.5M 87.3% | $80.4M 95.0% | $85.8M 95.8% | $60.0M 98.0% | $37.7M 108.7% |
| Operating Income | -$39.0M -18.5% | -$50.0M -30.1% | -$65.0M -39.4% | -$39.7M -24.5% | -$25.1M -19.8% | -$27.9M -33.0% | -$30.9M -34.5% | -$23.9M -39.0% | -$20.0M -57.6% |
| Interest Expense | $25.3M 12.0% | $20.8M 12.5% | $15.4M 9.3% | $11.8M 7.3% | $9.1M 7.2% | $9.4M 11.1% | $8.7M 9.7% | $8.8M 14.4% | $10.4M 30.0% |
| Interest & Investment Income | $423K 0.2% | $1.5M 0.9% | $1.0M 0.6% | $87K 0.1% | $23K 0.0% | $15K 0.0% | $4K 0.0% | $16K 0.0% | $19K 0.1% |
| Other Income (Expense), net | $5.8M 2.8% | -$15.3M -9.2% | $816K 0.5% | -$3.2M -2.0% | -$6.3M -4.9% | -$2.7M -3.2% | -$1.2M -1.3% | -$2.4M -3.9% | -$395K -1.1% |
| Pretax Income | -$58.0M -27.5% | -$84.6M -51.0% | -$78.6M -47.6% | -$72.8M -45.0% | -$39.7M -31.3% | -$38.0M -44.9% | -$37.5M -41.9% | -$20.9M -34.1% | -$34.8M -100.3% |
| Income Tax Expense | -$7.0M -3.3% | -$32K -0.0% | -$81K -0.0% | $2.4M 1.5% | $1.4M 1.1% | $104K 0.1% | $640K 0.7% | $215K 0.4% | $105K 0.3% |
| Net Income | -$51.1M -24.2% | -$84.6M -51.0% | -$78.5M -47.5% | -$75.2M -46.5% | -$41.1M -32.5% | -$38.1M -45.0% | -$38.1M -42.6% | -$21.1M -34.5% | -$34.9M -100.6% |
| Per Share | |||||||||
| EPS (Basic) | $-1.72 | $-3.00 | $-3.07 | $-3.08 | $-1.72 | $-1.63 | $-1.86 | — | — |
| EPS (Diluted) | $-1.72 | $-3.00 | $-3.07 | $-3.08 | $-1.72 | $-1.63 | $-1.86 | — | — |
| Weighted Avg Shares (Basic) | 29.6M | 28.2M | 25.6M | 24.5M | 24.0M | 23.3M | 20.5M | — | — |
| Weighted Avg Shares (Diluted) | 29.6M | 28.2M | 25.6M | 24.5M | 24.0M | 23.3M | 20.5M | — | — |
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 8-yr range · 68th pct blended
Dot = today · shaded = middle 50% · line = median. Lower percentile = cheaper vs its own 8-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 | 41.0 | 38.7 | 38.0 | 32.6 | 34.1 | 35.2 | 34.0 | 30.7 |
| Gross Profit | 59.0 | 61.3 | 62.0 | 67.4 | 65.9 | 64.8 | 66.0 | 69.3 |
| R&D | 20.7 | 16.7 | 16.3 | 14.5 | 12.5 | 16.0 | 11.9 | 9.6 |
| SG&A | 77.3 | 79.1 | 78.7 | 72.8 | 77.9 | 88.1 | 84.2 | 78.2 |
| Operating Income | -39.0 | -34.5 | -33.0 | -19.8 | -24.5 | -39.4 | -30.1 | -18.5 |
| Income Tax | 0.4 | 0.7 | 0.1 | 1.1 | 1.5 | -0.0 | -0.0 | -3.3 |
| Net Income | -34.5 | -42.6 | -45.0 | -32.5 | -46.5 | -47.5 | -51.0 | -24.2 |
Green = margin-favorable vs the row's own range · red = unfavorable.
The metrics that matter, over time
A 30-second read on ESTA: 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 |
| ESTA | $2.0B | — | — | 9.7× | 27.1% | 69.3% | -24.2% | -217% | -18.8% | -7.5× | 175 |
Peers = companies sharing ESTA'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.