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Held by 183 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.
To be worth $82.29 today, the market must believe free cash flow compounds 8.9%/yr for a decade (off $50M normalized FCF).
The market's 8.9% is more optimistic than its 9-yr track record.
2-stage DCF · 0.01B shares · net debt $101M
mean 6698.9% · volatility σ 15865% · implied rate exceeded in 1/5 yrs
Central path = implied 8.9%/yr growth; shaded band = ±1σ (15865%) 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.
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
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.
Cash-conversion data unavailable. Lower/negative accruals = higher quality (Sloan).
Coverage data unavailable; 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 + $35M buybacks = $35M returned on $64M 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.
Reinvestment has been productive — operating income grew well per dollar put in. Current ROIC on all capital: -2%. 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 $35M covers the $2M due within a year 21.1× over. Scheduled principal only (excludes interest & revolver draws). As of 2025-12-31 (10-K).
Green ≤ 1.5× · amber ≤ 3× · red > 3× (leverage relative to cash earnings).
Thin coverage — earnings barely cover interest. Interest last disclosed in FY2017 (no longer broken out).
Cash of $35M fully covers short-term debt of $1M.
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 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $791.5M 100.0% | $816.4M 100.0% | $738.9M 100.0% | $699.9M 100.0% | $541.1M 100.0% | $512.5M 100.0% | $956.5M 100.0% | $1.06B 100.0% | $818.6M 100.0% | $587.6M 100.0% |
| Cost of Revenue | $572.4M 72.3% | $561.4M 68.8% | $534.7M 72.4% | $511.4M 73.1% | $417.7M 77.2% | $523.5M 102.2% | $711.7M 74.4% | $807.8M 75.9% | $629.8M 76.9% | $487.9M 83.0% |
| Cost of Products | — | — | — | — | — | — | — | — | $629.8M 76.9% | $487.9M 83.0% |
| Gross Profit | $219.0M 27.7% | $255.0M 31.2% | $204.2M 27.6% | $188.5M 26.9% | $123.3M 22.8% | -$11.0M -2.2% | $244.9M 25.6% | $256.4M 24.1% | $188.8M 23.1% | $99.7M 17.0% |
| Selling, General & Admin | $199.9M 25.3% | $219.3M 26.9% | $180.4M 24.4% | $179.5M 25.6% | $168.9M 31.2% | $197.7M 38.6% | $251.7M 26.3% | $287.0M 27.0% | $253.7M 31.0% | $227.0M 38.6% |
| Total Operating Expenses | $188.9M 23.9% | $341.8M 41.9% | $183.4M 24.8% | $171.2M 24.5% | $167.8M 31.0% | $220.6M 43.0% | $780.7M 81.6% | $653.5M 61.4% | $331.4M 40.5% | $230.5M 39.2% |
| Operating Income | $30.1M 3.8% | -$86.8M -10.6% | $20.7M 2.8% | $17.3M 2.5% | -$44.5M -8.2% | -$231.6M -45.2% | -$536.1M -56.1% | -$397.0M -37.3% | -$141.6M -17.3% | -$129.0M -21.9% |
| Interest Expense | — | — | — | — | — | — | — | — | $26.8M 3.3% | $27.4M 4.7% |
| Other Income (Expense), net | -$13.6M -1.7% | -$41.7M -5.1% | -$28.5M -3.9% | -$7.0M -1.0% | -$37.5M -6.9% | $121.9M 23.8% | -$32.7M -3.4% | $7.2M 0.7% | $86.3M 10.5% | -$9.0M -1.5% |
| Pretax Income | $16.6M 2.1% | -$128.4M -15.7% | -$7.8M -1.1% | $10.3M 1.5% | -$82.0M -15.2% | -$109.8M -21.4% | -$568.9M -59.5% | -$389.8M -36.6% | -$55.3M -6.8% | -$138.0M -23.5% |
| Income Tax Expense | $26.2M 3.3% | $6.9M 0.8% | $11.1M 1.5% | $6.6M 0.9% | $642K 0.1% | -$12.9M -2.5% | -$1.8M -0.2% | -$15.7M -1.5% | $4.1M 0.5% | -$56.1M -9.5% |
| Net Income | -$9.7M -1.2% | -$135.3M -16.6% | -$18.9M -2.6% | $3.7M 0.5% | -$82.7M -15.3% | -$96.9M -18.9% | -$567.1M -59.3% | -$374.1M -35.2% | -$59.4M -7.3% | -$82.0M -14.0% |
| Per Share | ||||||||||
| EPS (Basic) | $-0.81 | $-11.00 | $-1.85 | $0.65 | $-14.65 | $-17.37 | $-103.01 | $-3.44 | $-0.60 | $-0.90 |
| EPS (Diluted) | $-0.81 | $-11.00 | $-1.85 | $0.62 | $-14.65 | $-17.37 | $-103.01 | $-3.44 | $-0.60 | $-0.90 |
| Weighted Avg Shares (Basic) | 11.9M | 12.3M | 10.2M | 5.7M | 5.6M | 5.6M | 5.5M | 108.8M | 98.7M | 91.2M |
| Weighted Avg Shares (Diluted) | 11.9M | 12.3M | 10.2M | 6.0M | 5.6M | 5.6M | 5.5M | 108.8M | 98.7M | 91.2M |
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.
Ranked against 238 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| XOM | $682.3B | 24.4× | — | 2.0× | -5.0% | — | 8.7% | 11.1% | 10.7% | — | 4,568 |
| SHEL | $545.2B | — | — | — | — | — | — | — | — | — | 1,521 |
| CVX | $391.2B | 31.9× | — | 2.1× | -6.8% | 42.8% | 6.5% | 6.6% | 6.6% | — | 4,121 |
| TTE | $202.1B | — | — | — | — | — | — | — | — | — | 951 |
| COP | $166.8B | 21.0× | — | 2.8× | 7.7% | 62.1% | 13.6% | 12.4% | 12.2% | — | 2,450 |
| PBR | $155.8B | — | — | — | — | — | — | — | — | — | 524 |
| MPC | $128.7B | 31.9× | 11.0× | 1.0× | -4.4% | 10.0% | 3.0% | 23.4% | 20.6% | 0.2× | 1,802 |
| VLO | $127.5B | 54.5× | 24.1× | 1.0× | -5.5% | 4.4% | 1.9% | 9.9% | 7.1% | 1.7× | 1,781 |
| BP | $117.0B | — | — | — | — | — | — | — | — | — | 1,220 |
| PSX | $111.3B | 25.4× | — | 0.8× | -7.5% | 12.3% | 3.3% | 15.1% | 14.6% | — | 2,041 |
| EQNR | $110.8B | — | — | — | — | — | — | — | — | — | 398 |
| WMB | $87.7B | 33.6× | 17.8× | 7.3× | 13.8% | — | 21.9% | 20.4% | 6.3% | 4.4× | 1,736 |
| EPD | $84.1B | — | 12.6× | 1.6× | -6.4% | 26.7% | 11.0% | — | — | 3.7× | 1,573 |
| EOG | $79.0B | 15.9× | 7.7× | 3.5× | -4.5% | — | 22.0% | 16.7% | 13.2% | 0.7× | 1,525 |
| SLB | $77.9B | 22.2× | — | 2.2× | -1.6% | — | 9.4% | 12.9% | 9.4% | — | 1,624 |
| ET | $72.5B | — | 9.8× | 0.8× | 3.5% | 25.8% | 5.2% | 9.0% | 3.8% | 4.8× | 1,244 |
| KMI | $69.7B | 22.9× | 14.2× | 4.1× | 12.2% | — | 18.0% | 9.8% | 4.8% | 4.5× | 1,745 |
| TRGP | $61.2B | 33.6× | 16.2× | 3.6× | 3.9% | 38.3% | 11.3% | 62.7% | 9.4% | 3.6× | 979 |
| TS | $60.6B | — | — | — | — | — | — | — | — | — | 248 |
| MPLX | $59.4B | — | — | 4.6× | 8.9% | — | 38.1% | — | — | — | 622 |
| LNG | $59.3B | 11.2× | 7.8× | 3.0× | 27.2% | — | 26.7% | 67.3% | 17.3% | 2.2× | 1,303 |
| OKE | $58.7B | 17.2× | 12.4× | 1.8× | 55.0% | 30.5% | 10.1% | 15.1% | 6.3% | 4.4× | 1,622 |
| OXY | $58.5B | 36.8× | — | 2.7× | -1.9% | — | 11.0% | 6.6% | 4.2% | — | 1,250 |
| BKR | $56.2B | — | — | 2.0× | -0.3% | — | 9.3% | 13.7% | 13.3% | — | 1,095 |
| FANG | $56.0B | 34.4× | 11.2× | 3.7× | 35.8% | — | 11.1% | 4.5% | 3.2% | 2.3× | 1,141 |
| FET | $978M | — | 16.9× | 1.2× | -3.1% | 27.7% | -1.2% | -3.3% | -2.3% | 2.1× | 183 |
Peers = companies sharing FET's sector (Energy) 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.
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 2026-09-17
No standout strengths flagged.
Nothing notable to watch.
Where each multiple sits in its own 14-yr range · 50th 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
High operating leverage: profit moved 44.1× as fast as sales — great in an upturn, painful in a downturn.
Each line as % of revenue — the trend in color
| % of revenue | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|
| Cost of Revenue | 75.9 | 74.4 | 102.2 | 77.2 | 73.1 | 72.4 | 68.8 | 72.3 |
| Gross Profit | 24.1 | 25.6 | -2.2 | 22.8 | 26.9 | 27.6 | 31.2 | 27.7 |
| SG&A | 27.0 | 26.3 | 38.6 | 31.2 | 25.6 | 24.4 | 26.9 | 25.3 |
| Operating Income | -37.3 | -56.1 | -45.2 | -8.2 | 2.5 | 2.8 | -10.6 | 3.8 |
| Income Tax | -1.5 | -0.2 | -2.5 | 0.1 | 0.9 | 1.5 | 0.8 | 3.3 |
| Net Income | -35.2 | -59.3 | -18.9 | -15.3 | 0.5 | -2.6 | -16.6 | -1.2 |
Green = margin-favorable vs the row's own range · red = unfavorable.
The metrics that matter, over time
A 30-second read on FET: price, valuation, headline fundamentals, and an auto-generated scorecard from SEC filings. Flags are rule-based signals, not recommendations.