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Held by 690 of 5,944 reporting institutions (98th percentile) — extremely crowded.
Data as of Q1 2026
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Solve the discounted cash flow backwards, then stress-test the assumptions.
To be worth $434.62 today, the market must believe free cash flow compounds 13.8%/yr for a decade (off $756M normalized FCF).
The market's 13.8% is more optimistic than its 9-yr track record.
2-stage DCF · 0.06B shares · net debt -$1.3B
mean 6.1% · volatility σ 23% · implied rate exceeded in 3/9 yrs
Central path = implied 13.8%/yr growth; shaded band = ±1σ (23%) 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.
Is the value real, and is the business safe? Academic scores + earnings quality + solvency, from SEC filings.
7/8 of the 9 checks — 1 couldn't be scored (see above), so the score is out of the 8 with data.
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.
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 + $502M buybacks = $502M returned on $906M 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).
Modest payoff on reinvested capital. Current ROIC on all capital: 19%. 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.
Green ≤ 1.5× · amber ≤ 3× · red > 3× (leverage relative to cash earnings).
Interest expense isn't separately reported — often netted into “other income (expense), net.”
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. 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 | $3.09B 100.0% | $2.82B 100.0% | $2.81B 100.0% | $2.70B 100.0% | $2.60B 100.0% | $2.35B 100.0% | $2.24B 100.0% | $2.16B 100.0% | $2.09B 100.0% | $2.00B 100.0% |
| Cost of Revenue | $574.0M 18.6% | $557.6M 19.8% | $593.3M 21.1% | $539.6M 20.0% | $493.1M 18.9% | $407.9M 17.4% | $356.6M 15.9% | $361.5M 16.7% | $353.5M 16.9% | $337.2M 16.9% |
| Cost of Products | — | — | — | — | — | — | — | $181.1M 8.4% | $176.0M 8.4% | $166.6M 8.4% |
| Cost of Services | — | — | — | — | — | — | — | $180.4M 8.3% | $177.5M 8.5% | $170.6M 8.6% |
| Gross Profit | $2.51B 81.4% | $2.26B 80.2% | $2.22B 78.9% | $2.16B 80.0% | $2.11B 81.1% | $1.94B 82.6% | $1.89B 84.1% | $1.80B 83.3% | $1.74B 83.1% | $1.66B 83.1% |
| Research & Development | $539.8M 17.5% | $490.1M 17.4% | $540.3M 19.2% | $543.4M 20.2% | $512.6M 19.7% | $441.3M 18.8% | $408.1M 18.2% | $366.1M 16.9% | $350.4M 16.8% | $334.2M 16.8% |
| Selling, General & Admin | $322.3M 10.4% | $268.8M 9.5% | $263.4M 9.4% | $274.6M 10.2% | $273.6M 10.5% | $258.4M 11.0% | $210.7M 9.4% | $160.4M 7.4% | $156.9M 7.5% | $138.4M 6.9% |
| Total Operating Expenses | $1.75B 56.6% | $1.60B 56.8% | $1.75B 62.1% | $1.75B 65.0% | $1.72B 65.9% | $1.55B 66.0% | $1.37B 61.0% | $1.21B 55.9% | $1.17B 56.1% | $1.11B 55.7% |
| Operating Income | $765.9M 24.8% | $658.6M 23.4% | $472.6M 16.8% | $403.8M 15.0% | $394.0M 15.1% | $392.3M 16.7% | $518.5M 23.1% | $590.9M 27.3% | $564.0M 27.0% | $547.4M 27.4% |
| Interest & Investment Income | $40.8M 1.3% | $35.1M 1.2% | $18.2M 0.6% | $1.7M 0.1% | $2.5M 0.1% | $12.2M 0.5% | $25.3M 1.1% | $17.0M 0.8% | $8.5M 0.4% | — |
| Other Income (Expense), net | $42.4M 1.4% | $36.9M 1.3% | $13.4M 0.5% | -$18.4M -0.7% | -$7.1M -0.3% | $4.1M 0.2% | $22.6M 1.0% | $12.9M 0.6% | $11.6M 0.6% | $2.5M 0.1% |
| Pretax Income | $808.3M 26.2% | $695.5M 24.7% | $486.0M 17.3% | $385.4M 14.3% | $386.9M 14.9% | $396.4M 16.9% | $541.1M 24.1% | $603.8M 27.9% | $575.5M 27.5% | $549.9M 27.6% |
| Income Tax Expense | $116.0M 3.8% | $128.7M 4.6% | $91.0M 3.2% | $63.2M 2.3% | $55.7M 2.1% | $89.0M 3.8% | $113.4M 5.1% | $150.1M 6.9% | $154.8M 7.4% | $184.0M 9.2% |
| Net Income | $692.4M 22.4% | $566.8M 20.1% | $394.9M 14.0% | $322.2M 12.0% | $331.2M 12.7% | $307.4M 13.1% | $427.7M 19.1% | $453.7M 21.0% | $420.8M 20.1% | $365.9M 18.3% |
| Per Share | ||||||||||
| EPS (Basic) | $11.96 | $9.65 | $6.59 | $5.34 | $5.46 | $5.05 | $7.12 | $7.41 | $6.56 | $5.43 |
| EPS (Diluted) | $11.80 | $9.55 | $6.55 | $5.27 | $5.34 | $5.01 | $7.08 | $7.32 | $6.50 | $5.38 |
| Weighted Avg Shares (Basic) | 57.9M | 58.7M | 59.9M | 60.3M | 60.7M | 60.9M | 60.0M | 61.3M | 64.2M | 67.4M |
| Weighted Avg Shares (Diluted) | 58.7M | 59.4M | 60.3M | 61.1M | 62.1M | 61.4M | 60.5M | 62.0M | 64.8M | 68.0M |
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.
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.
No material risks flagged.
Where each multiple sits in its own 14-yr range · 96th 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
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
High operating leverage: profit moved 1.7× 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 | 16.7 | 15.9 | 17.4 | 18.9 | 20.0 | 21.1 | 19.8 | 18.6 |
| Gross Profit | 83.3 | 84.1 | 82.6 | 81.1 | 80.0 | 78.9 | 80.2 | 81.4 |
| R&D | 16.9 | 18.2 | 18.8 | 19.7 | 20.2 | 19.2 | 17.4 | 17.5 |
| SG&A | 7.4 | 9.4 | 11.0 | 10.5 | 10.2 | 9.4 | 9.5 | 10.4 |
| Operating Income | 27.3 | 23.1 | 16.7 | 15.1 | 15.0 | 16.8 | 23.4 | 24.8 |
| Income Tax | 6.9 | 5.1 | 3.8 | 2.1 | 2.3 | 3.2 | 4.6 | 3.8 |
| Net Income | 21.0 | 19.1 | 13.1 | 12.7 | 12.0 | 14.0 | 20.1 | 22.4 |
Green = margin-favorable vs the row's own range · red = unfavorable.
The metrics that matter, over time
A 30-second read on FFIV: 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 | $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 |
| FFIV | $25.1B | 36.8× | 27.6× | 8.1× | 9.7% | 81.4% | 22.4% | 19.3% | 19.3% | — | 690 |
Peers = companies sharing FFIV'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.