Loading institutional data...
Loading institutional data...
Held by 555 of 5,944 reporting institutions (97th 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...
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.
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
Solve the discounted cash flow backwards, then stress-test the assumptions.
To be worth $144.98 today, the market must believe free cash flow compounds 24.3%/yr for a decade (off $172M normalized FCF).
The market's 24.3% is more optimistic than its 9-yr track record.
2-stage DCF · 0.08B shares · net debt -$698M
mean 51.5% · volatility σ 186% · implied rate exceeded in 4/8 yrs
Central path = implied 24.3%/yr growth; shaded band = ±1σ (186%) 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.
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 | $1.20B 100.0% | $980.5M 100.0% | $905.3M 100.0% | $812.6M 100.0% | $743.3M 100.0% | $742.3M 100.0% | $719.5M 100.0% | $652.8M 100.0% | $509.5M 100.0% | $424.4M 100.0% |
| Cost of Revenue | $450.4M 37.5% | $397.1M 40.5% | $447.1M 49.4% | $435.4M 53.6% | $353.7M 47.6% | $338.0M 45.5% | $324.4M 45.1% | $296.8M 45.5% | $191.6M 37.6% | $151.8M 35.8% |
| Cost of Services | — | — | — | — | — | — | — | $246.5M 37.8% | $161.1M 31.6% | $133.1M 31.4% |
| Gross Profit | $752.1M 62.5% | $583.4M 59.5% | $458.2M 50.6% | $377.2M 46.4% | $389.6M 52.4% | $404.3M 54.5% | $395.2M 54.9% | $356.1M 54.5% | $318.0M 62.4% | $272.6M 64.2% |
| Research & Development | $296.2M 24.6% | $269.4M 27.5% | $249.7M 27.6% | $229.2M 28.2% | $201.5M 27.1% | $200.6M 27.0% | $188.5M 26.2% | $171.7M 26.3% | $130.3M 25.6% | $112.5M 26.5% |
| Selling, General & Admin | $184.5M 15.3% | $167.5M 17.1% | $169.7M 18.7% | $164.8M 20.3% | $143.2M 19.3% | $85.2M 11.5% | $74.4M 10.3% | $75.9M 11.6% | $56.6M 11.1% | $50.9M 12.0% |
| Total Operating Expenses | $711.0M 59.1% | $635.9M 64.9% | $607.7M 67.1% | $576.6M 71.0% | $495.1M 66.6% | $428.2M 57.7% | $393.7M 54.7% | $371.7M 56.9% | $296.1M 58.1% | $256.2M 60.4% |
| Operating Income | $41.1M 3.4% | -$52.6M -5.4% | -$149.5M -16.5% | -$199.4M -24.5% | -$105.6M -14.2% | -$23.9M -3.2% | $1.5M 0.2% | -$15.6M -2.4% | $21.9M 4.3% | $16.4M 3.9% |
| Interest Expense | $13.2M 1.1% | $6.7M 0.7% | $6.7M 0.7% | $19.4M 2.4% | $18.7M 2.5% | $17.9M 2.4% | $17.3M 2.4% | $6.4M 1.0% | $13K 0.0% | $0 0.0% |
| Other Income (Expense), net | -$35.1M -2.9% | -$11.0M -1.1% | -$2.3M -0.3% | -$17.1M -2.1% | $12.6M 1.7% | -$7.2M -1.0% | -$1.9M -0.3% | $509K 0.1% | $811K 0.2% | -$505K -0.1% |
| Pretax Income | $49.4M 4.1% | -$26.8M -2.7% | -$134.1M -14.8% | -$229.7M -28.3% | -$104.3M -14.0% | -$24.3M -3.3% | $12.5M 1.7% | -$8.3M -1.3% | $28.5M 5.6% | $20.8M 4.9% |
| Income Tax Expense | -$20.4M -1.7% | -$20.7M -2.1% | -$22.2M -2.5% | -$49.3M -6.1% | -$37.8M -5.1% | $2.9M 0.4% | -$8.3M -1.2% | $18.5M 2.8% | $10.5M 2.1% | $5.8M 1.4% |
| Net Income | $69.8M 5.8% | -$6.1M -0.6% | -$111.9M -12.4% | -$180.4M -22.2% | -$66.5M -8.9% | -$27.2M -3.7% | $20.7M 2.9% | -$26.7M -4.1% | $18.1M 3.5% | $15.0M 3.5% |
| Per Share | ||||||||||
| EPS (Basic) | $0.83 | $-0.07 | $-1.36 | $-2.16 | $-0.79 | $-0.33 | $0.25 | $-0.34 | $0.24 | $0.21 |
| EPS (Diluted) | $0.81 | $-0.07 | $-1.36 | $-2.16 | $-0.79 | $-0.33 | $0.25 | $-0.34 | $0.24 | $0.20 |
| Weighted Avg Shares (Basic) | 83.8M | 82.3M | 82.2M | 83.6M | 83.6M | 82.9M | 81.4M | 77.7M | 74.0M | 72.0M |
| Weighted Avg Shares (Diluted) | 85.9M | 82.3M | 82.2M | 83.6M | 83.6M | 82.9M | 82.7M | 77.7M | 75.3M | 73.8M |
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.
7/8 of the 9 checks — 1 couldn't be scored (see above), so the score is out of the 8 with data.
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).
Interest coverage is thin — monitor.
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 $295M 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: 5%. 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 $698M covers all $35M of scheduled principal — no refinancing pressure. Scheduled principal only (excludes interest & revolver draws). As of 2025-07-31 (10-K).
Insufficient EBITDA/debt history.
Green ≤ 1.5× · amber ≤ 3× · red > 3× (leverage relative to cash earnings).
Coverage is adequate but not comfortable.
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. Maturity ladder from the SEC long-term-debt repayment schedule. Educational — not a recommendation.
EOD close · as of 2026-09-17
No material risks flagged.
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 | 45.5 | 45.1 | 45.5 | 47.6 | 53.6 | 49.4 | 40.5 | 37.5 |
| Gross Profit | 54.5 | 54.9 | 54.5 | 52.4 | 46.4 | 50.6 | 59.5 | 62.5 |
| R&D | 26.3 | 26.2 | 27.0 | 27.1 | 28.2 | 27.6 | 27.5 | 24.6 |
| SG&A | 11.6 | 10.3 | 11.5 | 19.3 | 20.3 | 18.7 | 17.1 | 15.3 |
| Operating Income | -2.4 | 0.2 | -3.2 | -14.2 | -24.5 | -16.5 | -5.4 | 3.4 |
| Income Tax | 2.8 | -1.2 | 0.4 | -5.1 | -6.1 | -2.5 | -2.1 | -1.7 |
| Net Income | -4.1 | 2.9 | -3.7 | -8.9 | -22.2 | -12.4 | -0.6 | 5.8 |
Green = margin-favorable vs the row's own range · red = unfavorable.
The metrics that matter, over time
A 30-second read on GWRE: 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 |
| GWRE | $12.3B | 179.0× | 239.4× | 10.2× | 22.6% | 62.5% | 5.8% | 4.8% | 4.8% | — | 555 |
Peers = companies sharing GWRE'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.