Loading institutional data...
Loading institutional data...
Held by 286 of 5,944 reporting institutions (94th percentile) — extremely crowded.
Data as of Q1 2026
Loading snapshot...
Loading financials...
Loading valuation...
Loading quality & risk...
Loading dividends & returns...
Loading capital allocation...
Loading debt & leverage...
Loading performance...
Loading peer comparison...
Loading ownership map...
Loading crowding analysis...
Loading conviction analysis...
Loading buy/sell flow...
Loading ownership trends...
Loading top holders...
Loading top holders...
Solve the discounted cash flow backwards, then stress-test the assumptions.
To be worth $22.31 today, the market must believe free cash flow compounds 8.8%/yr for a decade (off $133M normalized FCF).
The market's 8.8% is more conservative than its 9-yr track record.
2-stage DCF · 0.13B shares · net debt -$54M
mean 81.0% · volatility σ 216% · implied rate exceeded in 4/8 yrs
Central path = implied 8.8%/yr growth; shaded band = ±1σ (216%) 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.
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.
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
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 | $1.14B 100.0% | $1.12B 100.0% | $1.31B 100.0% | $1.11B 100.0% | $1.01B 100.0% | $948.0M 100.0% | $995.8M 100.0% | $983.1M 100.0% | $607.1M 100.0% | $519.8M 100.0% |
| Cost of Revenue | $430.9M 37.8% | $486.4M 43.5% | $557.7M 42.5% | $482.4M 43.4% | $424.3M 42.0% | $430.2M 45.4% | $444.6M 44.6% | $448.6M 45.6% | $276.1M 45.5% | $254.4M 48.9% |
| Cost of Products | — | — | — | — | — | — | — | — | $217.7M 35.9% | $208.7M 40.2% |
| Cost of Services | — | — | — | — | — | — | — | — | $55.9M 9.2% | $48.9M 9.4% |
| Gross Profit | $709.1M 62.2% | $630.8M 56.5% | $754.7M 57.5% | $629.9M 56.6% | $585.1M 58.0% | $517.8M 54.6% | $551.2M 55.4% | $534.5M 54.4% | $331.0M 54.5% | $265.4M 51.1% |
| Research & Development | $221.5M 19.4% | $211.9M 19.0% | $214.3M 16.3% | $190.6M 17.1% | $197.0M 19.5% | $209.6M 22.1% | $210.1M 21.1% | $183.9M 18.7% | $93.7M 15.4% | $78.7M 15.1% |
| Selling, General & Admin | $139.6M 12.2% | $99.9M 8.9% | $89.9M 6.9% | $68.7M 6.2% | $66.2M 6.6% | $61.0M 6.4% | $55.6M 5.6% | $51.0M 5.2% | $37.9M 6.2% | $37.7M 7.2% |
| Total Operating Expenses | $692.2M 60.7% | $696.0M 62.3% | $646.4M 49.3% | $565.8M 50.9% | $550.7M 54.6% | $616.7M 65.1% | $566.0M 56.8% | $572.7M 58.3% | $324.9M 53.5% | $295.4M 56.8% |
| Operating Income | $16.9M 1.5% | -$65.2M -5.8% | $108.3M 8.3% | $64.2M 5.8% | $34.4M 3.4% | -$98.9M -10.4% | -$14.7M -1.5% | -$38.2M -3.9% | $6.0M 1.0% | -$30.0M -5.8% |
| Interest Expense | $15.9M 1.4% | $17.0M 1.5% | $17.4M 1.3% | $12.8M 1.1% | $22.9M 2.3% | $23.8M 2.5% | $12.6M 1.3% | $13.9M 1.4% | $4.1M 0.7% | $3.1M 0.6% |
| Interest & Investment Income | $4.3M 0.4% | $4.6M 0.4% | $3.2M 0.2% | $412K 0.0% | $352K 0.0% | $1.4M 0.1% | $2.2M 0.2% | $2.8M 0.3% | $689K 0.1% | $113K 0.0% |
| Other Income (Expense), net | -$1.1M -0.1% | $133K 0.0% | $23K 0.0% | $383K 0.0% | -$1.7M -0.2% | $737K 0.1% | -$783K -0.1% | $2.6M 0.3% | -$47K -0.0% | $987K 0.2% |
| Pretax Income | $4.3M 0.4% | -$77.5M -6.9% | $94.1M 7.2% | $52.2M 4.7% | $10.2M 1.0% | -$120.5M -12.7% | -$25.9M -2.6% | -$46.6M -4.7% | $2.6M 0.4% | -$32.0M -6.2% |
| Income Tax Expense | $11.7M 1.0% | $8.5M 0.8% | $16.0M 1.2% | $7.9M 0.7% | $8.2M 0.8% | $6.4M 0.7% | -$21K -0.0% | $145K 0.0% | $4.3M 0.7% | $4.3M 0.8% |
| Net Income | -$7.5M -0.7% | -$86.0M -7.7% | $78.1M 5.9% | $44.3M 4.0% | $1.9M 0.2% | -$126.8M -13.4% | -$25.9M -2.6% | -$46.8M -4.8% | -$1.7M -0.3% | -$36.4M -7.0% |
| Per Share | ||||||||||
| EPS (Basic) | $-0.06 | $-0.66 | $0.60 | $0.34 | $0.02 | $-1.06 | $-0.22 | $-0.41 | $-0.02 | $-0.35 |
| EPS (Diluted) | $-0.06 | $-0.66 | $0.58 | $0.33 | $0.02 | $-1.06 | $-0.22 | $-0.41 | $-0.02 | $-0.35 |
| Weighted Avg Shares (Basic) | 132.3M | 129.3M | 129.5M | 129.4M | 124.0M | 119.8M | 118.0M | 114.2M | 108.3M | 103.1M |
| Weighted Avg Shares (Diluted) | 132.3M | 129.3M | 133.6M | 133.5M | 127.7M | 119.8M | 118.0M | 114.2M | 108.3M | 103.1M |
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.
Insufficient balance-sheet detail (needs retained earnings, working capital, equity).
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 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.
No dividend to cover. Last year: $0 dividends + $38M buybacks = $38M returned on $127M 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 cash-return story — far more went to shareholders than back into the business (mature, low-reinvestment).
Reinvestment has been productive — operating income grew well per dollar put in. Current ROIC on all capital: -3%. 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 $232M covers all $225M of scheduled principal — no refinancing pressure. Scheduled principal only (excludes interest & revolver draws). As of 2023-06-30 (10-K).
Green ≤ 1.5× · amber ≤ 3× · red > 3× (leverage relative to cash earnings).
Thin coverage — earnings barely cover interest. Effective rate ~8.9% on $178M of debt.
Cash of $232M fully covers short-term debt of $14M.
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
Where each multiple sits in its own 14-yr range · 95th pct blended
Dot = today · shaded = middle 50% · line = median. Lower percentile = cheaper vs its own 14-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 | 45.6 | 44.6 | 45.4 | 42.0 | 43.4 | 42.5 | 43.5 | 37.8 |
| Gross Profit | 54.4 | 55.4 | 54.6 | 58.0 | 56.6 | 57.5 | 56.5 | 62.2 |
| R&D | 18.7 | 21.1 | 22.1 | 19.5 | 17.1 | 16.3 | 19.0 | 19.4 |
| SG&A | 5.2 | 5.6 | 6.4 | 6.6 | 6.2 | 6.9 | 8.9 | 12.2 |
| Operating Income | -3.9 | -1.5 | -10.4 | 3.4 | 5.8 | 8.3 | -5.8 | 1.5 |
| Income Tax | 0.0 | -0.0 | 0.7 | 0.8 | 0.7 | 1.2 | 0.8 | 1.0 |
| Net Income | -4.8 | -2.6 | -13.4 | 0.2 | 4.0 | 5.9 | -7.7 | -0.7 |
Green = margin-favorable vs the row's own range · red = unfavorable.
The metrics that matter, over time
A 30-second read on EXTR: price, valuation, headline fundamentals, and an auto-generated scorecard from SEC filings. Flags are rule-based signals, not recommendations.
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 | $11.16T | — | — | — | — | — | — | — | — | — | 3,121 |
| NVDA | $5.33T | 44.8× | 40.0× | 24.7× | 65.5% | 71.1% | 55.6% | 76.3% | 72.4% | 0.1× | 5,582 |
| AAPL | $4.98T | 45.2× | 34.8× | 12.0× | 6.4% | 46.9% | 26.9% | 152% | 68.1% | 0.6× | 5,858 |
| MSFT | $3.70T | 27.7× | 19.6× | 11.1× | 17.8% | 67.9% | 40.3% | 30.2% | 27.7% | 0.2× | 5,944 |
| AVGO | $1.65T | 72.8× | 65.1× | 25.8× | 23.9% | 67.8% | 36.2% | 28.4% | 15.8% | 2.5× | 4,442 |
| MU | $1.10T | 128.8× | 60.7× | 29.3× | 48.9% | 39.8% | 22.8% | 15.8% | 12.9% | 0.7× | 2,894 |
| AMD | $888.5B | 205.7× | 210.2× | 25.6× | 34.3% | 49.5% | 12.5% | 6.9% | 6.5% | 0.8× | 3,059 |
| INTC | $543.3B | — | 67.4× | 10.3× | -0.5% | 34.8% | -0.5% | -0.2% | -0.2% | 5.5× | 2,495 |
| CSCO | $436.6B | 43.2× | 36.6× | 7.7× | 5.3% | 64.9% | 18.0% | 21.7% | 13.6% | 2.3× | 3,560 |
| PLTR | $421.4B | 279.8× | 291.6× | 94.2× | 56.2% | 82.4% | 36.3% | 22.0% | 22.0% | — | 2,883 |
| DELL | $383.6B | 67.8× | 36.1× | 3.4× | 18.8% | 20.0% | 5.2% | -240% | 20.4% | 2.8× | 1,564 |
| LRCX | $341.7B | 64.9× | 54.5× | 18.5× | 23.7% | 48.7% | 29.1% | 54.3% | 37.4% | 0.7× | 2,500 |
| RPAY | $338.0B | — | — | 1092.8× | -1.2% | 75.0% | -83.0% | -53.0% | -28.2% | -1.7× | 142 |
| AMAT | $331.0B | 48.2× | 38.1× | 11.7× | 4.4% | 48.7% | 24.7% | 34.3% | 25.9% | 0.8× | 2,826 |
| UMC | $307.4B | — | — | — | — | — | — | — | — | — | 302 |
| ARM | $281.9B | 311.6× | 242.9× | 57.3× | 22.8% | 97.5% | 18.4% | 10.9% | 10.9% | — | 730 |
| SAP | $262.5B | — | — | — | — | — | — | — | — | — | 794 |
| ANET | $250.7B | 72.6× | 63.3× | 27.8× | 28.6% | 64.1% | 39.0% | 28.4% | 28.4% | — | 1,930 |
| PANW | $250.5B | 234.4× | 156.5× | 27.2× | 14.9% | 73.4% | 12.3% | 14.5% | 14.5% | — | 2,374 |
| SNDK | $235.7B | — | — | 32.0× | 10.4% | 30.1% | -22.3% | -17.8% | -14.8% | -1.5× | 1,127 |
| TXN | $234.6B | 47.4× | 30.9× | 13.3× | 13.0% | 57.0% | 28.3% | 30.7% | 16.5% | 1.8× | 2,345 |
| CRM | $225.6B | 31.1× | 24.4× | 5.4× | 9.6% | 77.7% | 18.0% | 12.6% | 10.1% | 1.5× | 2,547 |
| IBM | $222.8B | 21.3× | — | 3.3× | 7.6% | 58.2% | 15.7% | 32.4% | 11.3% | — | 3,351 |
| MRVL | $204.0B | 78.4× | 133.3× | 24.9× | 42.1% | 51.0% | 32.6% | 18.7% | 14.2% | 2.9× | 1,477 |
| QCOM | $202.7B | 37.7× | 15.2× | 4.6× | 13.7% | 55.4% | 12.5% | 26.1% | 15.4% | 1.1× | 2,611 |
| EXTR | $2.9B | — | 91.4× | 2.6× | 2.0% | 62.2% | -0.7% | -11.4% | -3.1% | 5.6× | 286 |
Peers = companies sharing EXTR'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.