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Held by 1,641 of 5,944 reporting institutions (99th 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 $155.47 today, the market must believe free cash flow compounds 11.8%/yr for a decade (off $3.9B normalized FCF).
The market's 11.8% is more optimistic than its 9-yr track record.
2-stage DCF · 0.57B shares · net debt $18.8B
mean 9.9% · volatility σ 11% · implied rate exceeded in 3/9 yrs
Central path = implied 11.8%/yr growth; shaded band = ±1σ (11%) 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.
8/8 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
Needs granular two-year detail (receivables, PP&E, D&A, SG&A) — not fully reported.
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.
The dividend is comfortably covered — only 26% of free cash flow, leaving room to grow it and fund buybacks. Last year: $1.1B dividends + $1.3B buybacks = $2.4B returned on $4.3B FCF.
9 consecutive years of dividend increases · 12%/yr.
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.
Modest payoff on reinvested capital. Current ROIC on all capital: 7%. 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 $837M is below the $1.0B due within a year — relies on refinancing or operating cash flow. 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).
Interest is easily covered by operating profit. Effective rate ~4.1% on $19.6B of debt.
Cash of $837M is below short-term debt of $1.0B — relies on refinancing/operations.
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 2026-09-18
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 | $12.64B 100.0% | $11.76B 100.0% | $9.90B 100.0% | $9.64B 100.0% | $9.17B 100.0% | $8.24B 100.0% | $6.55B 100.0% | $6.28B 100.0% | $5.84B 100.0% | $5.97B 100.0% |
| Selling, General & Admin | $293.0M 2.3% | $307.0M 2.6% | $266.0M 2.7% | $226.0M 2.3% | $215.0M 2.3% | $185.0M 2.2% | $161.0M 2.5% | $151.0M 2.4% | $155.0M 2.7% | $116.0M 1.9% |
| Total Operating Expenses | $5.00B 39.6% | $4.97B 42.3% | $4.29B 43.4% | $3.65B 37.9% | $3.70B 40.3% | $3.00B 36.4% | $2.53B 38.6% | $2.40B 38.2% | $2.26B 38.7% | $2.34B 39.2% |
| Operating Income | $4.93B 39.0% | $4.31B 36.6% | $3.69B 37.3% | $3.64B 37.8% | $3.45B 37.6% | $3.03B 36.8% | $2.67B 40.8% | $2.58B 41.2% | $2.38B 40.7% | $2.17B 36.4% |
| Interest Expense | $803.0M 6.4% | $910.0M 7.7% | $808.0M 8.2% | $616.0M 6.4% | $423.0M 4.6% | $357.0M 4.3% | $285.0M 4.4% | $244.0M 3.9% | $187.0M 3.2% | $178.0M 3.0% |
| Other Income (Expense), net | -$583.0M -4.6% | -$681.0M -5.8% | -$800.0M -8.1% | -$1.83B -19.0% | $2.25B 24.5% | -$267.0M -3.2% | -$192.0M -2.9% | -$63.0M -1.0% | $147.0M 2.5% | -$129.0M -2.2% |
| Pretax Income | $4.35B 34.4% | $3.63B 30.8% | $2.89B 29.2% | $1.81B 18.8% | $5.70B 62.2% | $2.77B 33.6% | $2.48B 37.9% | $2.52B 40.2% | $2.53B 43.2% | $2.04B 34.2% |
| Income Tax Expense | $976.0M 7.7% | $826.0M 7.0% | $456.0M 4.6% | $310.0M 3.2% | $1.63B 17.8% | $658.0M 8.0% | $521.0M 8.0% | $500.0M 8.0% | -$28.0M -0.5% | $586.0M 9.8% |
| Net Income | $3.31B 26.2% | $2.75B 23.4% | $2.37B 23.9% | $1.45B 15.0% | $4.06B 44.3% | $2.09B 25.3% | $1.93B 29.5% | $1.99B 31.7% | $2.53B 43.2% | $1.43B 23.9% |
| Per Share | ||||||||||
| EPS (Basic) | $5.79 | $4.80 | $4.20 | $2.59 | $7.22 | $3.79 | $3.44 | $3.46 | $4.29 | $2.40 |
| EPS (Diluted) | $5.77 | $4.78 | $4.19 | $2.58 | $7.18 | $3.77 | $3.42 | $3.43 | $4.25 | $2.39 |
| Weighted Avg Shares (Basic) | 572.0M | 573.0M | 564.0M | 559.0M | 562.0M | 552.0M | 561.0M | 575.0M | 589.0M | 595.0M |
| Weighted Avg Shares (Diluted) | 575.0M | 576.0M | 565.0M | 561.0M | 565.0M | 555.0M | 565.0M | 579.0M | 594.0M | 599.0M |
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.
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 2026-09-18
Where each multiple sits in its own 14-yr range · 66th 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 1.9× 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 |
|---|---|---|---|---|---|---|---|---|
| SG&A | 2.4 | 2.5 | 2.2 | 2.3 | 2.3 | 2.7 | 2.6 | 2.3 |
| Operating Income | 41.2 | 40.8 | 36.8 | 37.6 | 37.8 | 37.3 | 36.6 | 39.0 |
| Income Tax | 8.0 | 8.0 | 8.0 | 17.8 | 3.2 | 4.6 | 7.0 | 7.7 |
| Net Income | 31.7 | 29.5 | 25.3 | 44.3 | 15.0 | 23.9 | 23.4 | 26.2 |
Green = margin-favorable vs the row's own range · red = unfavorable.
The metrics that matter, over time
A 30-second read on ICE: price, valuation, headline fundamentals, and an auto-generated scorecard from SEC filings. Flags are rule-based signals, not recommendations.
Ranked against 838 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| JPM | $942.8B | 17.5× | — | 5.2× | 2.8% | — | 31.3% | 15.7% | 13.4% | — | 4,823 |
| V | $691.4B | — | — | 17.3× | 11.3% | — | 50.1% | 52.9% | 31.8% | — | 4,229 |
| MA | $511.5B | 34.2× | — | 15.6× | 16.4% | — | 45.6% | 193% | 56.0% | — | 3,430 |
| BAC | $416.4B | 15.2× | — | 3.7× | 6.8% | — | 27.0% | 10.1% | 4.9% | — | 3,337 |
| GS | $279.3B | 18.4× | — | — | — | — | — | 13.7% | 3.6% | — | 2,857 |
| WFC | $266.3B | 13.8× | — | — | — | — | — | 11.8% | 5.7% | — | 2,691 |
| AXP | $213.7B | 20.3× | — | 5.2× | 6.4% | — | 26.2% | 32.4% | 11.9% | — | 2,787 |
| TYFG | $191.9B | 14.2× | — | 11135.5× | 10.2% | — | 79.3% | 8.7% | 8.7% | — | 1 |
| SCHW | $189.9B | 22.6× | — | 7.9× | 22.0% | — | 37.0% | 17.9% | 17.9% | — | 2,225 |
| HDB | $177.2B | 22.3× | — | 6.9× | 15.2% | — | 30.8% | 8.8% | 4.5% | — | 570 |
| UBS | $169.4B | — | — | — | — | — | — | — | — | — | 660 |
| BLK | $165.9B | 30.3× | — | 6.8× | 89.3% | — | 22.9% | 9.9% | 8.1% | — | 2,196 |
| GLD | $135.3B | — | — | — | — | — | — | — | — | — | 3,072 |
| CB | $133.2B | 13.3× | — | 2.2× | 6.5% | — | 17.4% | 14.0% | 11.3% | — | 2,002 |
| PGR | $125.2B | 11.1× | — | 1.4× | 16.3% | — | 12.9% | 37.3% | 37.3% | — | 1,685 |
| SPGI | $121.1B | 27.6× | 17.3× | 7.9× | 7.9% | 70.2% | 29.2% | 14.4% | 10.1% | 1.7× | 2,005 |
| HOOD | $106.5B | 58.5× | — | 23.8× | 51.6% | — | 42.1% | 20.6% | 20.6% | — | 1,230 |
| CME | $99.3B | 24.7× | — | 15.2× | 6.4% | — | 62.5% | 14.2% | 14.2% | — | 1,699 |
| USB | $96.1B | 13.0× | — | 3.4× | 4.4% | — | 26.4% | 11.6% | 9.2% | — | 1,901 |
| BX | $93.6B | 32.3× | — | 6.5× | 9.2% | — | 20.9% | 34.8% | 14.2% | — | 2,037 |
| PNC | $92.3B | 14.1× | — | 4.0× | 7.2% | — | 30.3% | 11.5% | 5.9% | — | 1,839 |
| AMUB | $89.5B | — | — | — | — | — | — | — | — | — | 7 |
| ICE | $88.2B | 26.9× | 20.9× | 7.0× | 7.5% | — | 26.2% | 11.5% | 6.8% | 3.8× | 1,641 |
| KKR | $88.1B | — | — | 4.5× | -11.0% | — | 12.2% | 7.7% | 7.7% | — | 1,216 |
| MRSH | $84.9B | 20.8× | 15.5× | 3.1× | 10.3% | — | 15.4% | 27.2% | 11.9% | 3.0× | 1,471 |
Peers = companies sharing ICE's sector (Financial Services) 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.