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Held by 746 of 5,944 reporting institutions (98th 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 $109.02 today, the market must believe free cash flow compounds 17.9%/yr for a decade (off $972M normalized FCF).
The market's 17.9% is more optimistic than its 4-yr track record.
2-stage DCF · 0.37B shares · net debt $1.4B
mean 34.9% · volatility σ 85% · implied rate exceeded in 2/4 yrs
Central path = implied 17.9%/yr growth; shaded band = ±1σ (85%) 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
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 | $27.91B 100.0% | $25.81B 100.0% | $26.41B 100.0% | $28.50B 100.0% | $24.63B 100.0% | $24.12B 100.0% | $24.21B 100.0% | $26.21B 100.0% | $25.44B 100.0% | $23.86B 100.0% |
| Cost of Revenue | $25.29B 90.6% | $23.58B 91.4% | $24.39B 92.4% | $26.50B 93.0% | $22.84B 92.7% | $22.35B 92.6% | $22.68B 93.7% | $24.59B 93.8% | $23.78B 93.5% | $22.30B 93.5% |
| Gross Profit | $2.57B 9.2% | $2.16B 8.4% | $1.86B 7.1% | $1.98B 6.9% | $1.78B 7.2% | $1.69B 7.0% | $1.34B 5.5% | $1.52B 5.8% | $1.60B 6.3% | $1.52B 6.4% |
| Research & Development | — | — | — | — | — | — | — | — | $78.2M 0.3% | $65.6M 0.3% |
| Selling, General & Admin | $1.05B 3.8% | $904.0M 3.5% | $922.0M 3.5% | $874.0M 3.1% | $830.0M 3.4% | $817.0M 3.4% | $834.0M 3.4% | $953.0M 3.6% | $1.02B 4.0% | $937.3M 3.9% |
| Operating Income | $1.37B 4.9% | $1.17B 4.5% | $853.0M 3.2% | $1.02B 3.6% | $890.0M 3.6% | $795.0M 3.3% | $415.0M 1.7% | — | — | — |
| Interest Expense | $215.0M 0.8% | $218.0M 0.8% | $207.0M 0.8% | $230.0M 0.8% | $166.0M 0.7% | $150.0M 0.6% | $7.2M 0.0% | $146.0M 0.6% | $123.1M 0.5% | $108.0M 0.5% |
| Interest & Investment Income | $51.0M 0.2% | $61.0M 0.2% | $56.0M 0.2% | $30.0M 0.1% | $14.0M 0.1% | $14.0M 0.1% | $19.0M 0.1% | $19.0M 0.1% | $18.8M 0.1% | $12.1M 0.1% |
| Other Income (Expense), net | -$30.0M -0.1% | $14.0M 0.1% | -$44.0M -0.2% | -$6.0M -0.0% | $165.0M 0.7% | -$16.0M -0.1% | -$82.0M -0.3% | -$120.0M -0.5% | $169.7M 0.7% | -$21.2M -0.1% |
| Pretax Income | $1.14B 4.1% | $1.02B 4.0% | $666.0M 2.5% | $807.0M 2.8% | $964.0M 3.9% | $714.0M 3.0% | $159.0M 0.7% | $182.0M 0.7% | $520.9M 2.0% | $370.8M 1.6% |
| Income Tax Expense | $263.0M 0.9% | $185.0M 0.7% | -$206.0M -0.8% | $124.0M 0.4% | $92.0M 0.4% | $101.0M 0.4% | $71.0M 0.3% | $89.0M 0.3% | $92.4M 0.4% | $51.3M 0.2% |
| Net Income | $880.0M 3.2% | $838.0M 3.2% | $872.0M 3.3% | $793.0M 2.8% | $936.0M 3.8% | $613.0M 2.5% | $88.0M 0.4% | $93.0M 0.4% | $428.5M 1.7% | $319.6M 1.3% |
| Per Share | ||||||||||
| EPS (Basic) | $2.37 | $2.14 | $2.31 | $1.75 | $1.97 | $1.23 | $0.17 | $0.18 | $0.81 | $0.59 |
| EPS (Diluted) | $2.33 | $2.11 | $2.28 | $1.72 | $1.94 | $1.21 | $0.17 | $0.18 | $0.80 | $0.59 |
| Weighted Avg Shares (Basic) | 371.0M | 391.0M | 435.0M | 454.0M | 476.0M | 499.0M | 509.0M | 527.0M | 529.8M | 540.5M |
| Weighted Avg Shares (Diluted) | 378.0M | 398.0M | 441.0M | 462.0M | 483.0M | 506.0M | 512.0M | 530.0M | 536.6M | 546.2M |
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.
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.
Earnings are backed by cash (FCF ≥ net income) — high quality. Lower/negative accruals = higher quality (Sloan).
Comfortably covers interest; 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 + $944M buybacks = $944M returned on $1.1B 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 balanced mix of reinvestment and shareholder returns.
Modest payoff on reinvested capital. 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 $2.4B covers the $0 due within a year 2389000000.0× over. Scheduled principal only (excludes interest & revolver draws). As of 2026-03-31 (10-K).
Green ≤ 1.5× · amber ≤ 3× · red > 3× (leverage relative to cash earnings).
Interest is easily covered by operating profit. Effective rate ~5.7% on $3.8B of debt.
Cash of $2.4B fully covers short-term debt of $0.
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.
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 material risks flagged.
Where each multiple sits in its own 15-yr range · 100th pct blended
Dot = today · shaded = middle 50% · line = median. Lower percentile = cheaper vs its own 15-yr history.
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 2.1× 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 | 93.8 | 93.7 | 92.6 | 92.7 | 93.0 | 92.4 | 91.4 | 90.6 |
| Gross Profit | 5.8 | 5.5 | 7.0 | 7.2 | 6.9 | 7.1 | 8.4 | 9.2 |
| SG&A | 3.6 | 3.4 | 3.4 | 3.4 | 3.1 | 3.5 | 3.5 | 3.8 |
| Operating Income | — | 1.7 | 3.3 | 3.6 | 3.6 | 3.2 | 4.5 | 4.9 |
| Income Tax | 0.3 | 0.3 | 0.4 | 0.4 | 0.4 | -0.8 | 0.7 | 0.9 |
| Net Income | 0.4 | 0.4 | 2.5 | 3.8 | 2.8 | 3.3 | 3.2 | 3.2 |
Green = margin-favorable vs the row's own range · red = unfavorable.
The metrics that matter, over time
A 30-second read on FLEX: 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 | $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 | $4.98T | 45.2× | 34.8× | 12.0× | 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 | $1.65T | 72.8× | 65.1× | 25.8× | 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 | $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 | $416.9B | 276.7× | 288.5× | 93.2× | 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 |
| AMAT | $331.0B | 48.2× | 38.1× | 11.7× | 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 |
| ARM | $281.9B | 311.6× | 242.9× | 57.3× | 22.8% | 97.5% | 18.4% | 10.9% | 10.9% | — | 730 |
| SAP | $261.9B | — | — | — | — | — | — | — | — | — | 794 |
| PANW | $250.9B | 234.8× | 156.8× | 27.2× | 14.9% | 73.4% | 12.3% | 14.5% | 14.5% | — | 2,374 |
| ANET | $250.7B | 72.6× | 63.3× | 27.8× | 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 | $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 |
| 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 |
| FLEX | $39.9B | 46.8× | 22.6× | 1.4× | 8.1% | 9.2% | 3.2% | 17.1% | 9.9% | 2.1× | 746 |
Peers = companies sharing FLEX'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.