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Strong institutional distribution: ownership decreased -5146.24% quarter-over-quarter.
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 $29.07 today, the market must believe free cash flow compounds 23.1%/yr for a decade (off $7M normalized FCF).
The market's 23.1% is more conservative than its 8-yr track record.
2-stage DCF · 0.02B shares · net debt $2M
mean -348.0% · volatility σ 771% · implied rate exceeded in 2/4 yrs
Central path = implied 23.1%/yr growth; shaded band = ±1σ (771%) 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 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.
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
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| BHP | $439.4B | — | — | — | — | — | — | — | — | — | 713 |
| LIN | $215.3B | 31.4× | 19.3× | 6.3× | 3.0% | — | 20.3% | 18.0% | 10.9% | 2.1× | 2,148 |
| SCCO | $162.1B | 37.4× | 20.9× | 12.1× | 17.4% | 60.1% | 32.4% | 39.4% | 24.4% | 0.9× | 791 |
| CX | $147.8B | — | — | — | — | — | — | — | — | — | 297 |
| TX | $116.5B | — | — | — | — | — | — | — | — | — | 139 |
| FCX | $101.8B | — | 12.3× | 3.9× | 1.8% | 28.2% | 16.0% | 22.0% | 14.7% | 1.1× | 1,775 |
| AEM | $100.7B | — | — | — | — | — | — | — | — | — | 1,066 |
| SHW | $79.5B | 31.3× | — | 3.4× | 2.1% | 48.8% | 10.9% | 55.9% | 17.0% | — | 1,610 |
| ECL | $76.6B | 37.3× | 22.5× | 4.8× | 2.2% | 44.5% | 12.9% | 21.2% | 19.5% | 0.3× | 1,619 |
| B | $73.2B | — | — | — | — | — | — | — | — | — | 979 |
| WPM | $69.1B | — | — | — | — | — | — | — | — | — | 809 |
| APD | $63.7B | — | 90.0× | 5.3× | -0.5% | 31.4% | -3.3% | -2.6% | -2.6% | 0.1× | 1,702 |
| VALE | $61.6B | — | — | — | — | — | — | — | — | — | 537 |
| NUE | $61.2B | 35.3× | — | 1.9× | 5.7% | 11.9% | 5.4% | 8.3% | 8.3% | — | 1,325 |
| CRH | $58.0B | 15.7× | 9.3× | 1.6× | 5.3% | 36.1% | 10.0% | 15.6% | 9.2% | 2.2× | 9 |
| MT | $57.2B | — | — | — | — | — | — | — | — | — | 286 |
| DD | $53.6B | — | — | 7.8× | 1.9% | 34.5% | -11.4% | -5.6% | -5.6% | — | 1,172 |
| AU | $51.7B | — | — | — | — | — | — | — | — | — | 537 |
| FNV | $51.4B | — | — | — | — | — | — | — | — | — | 614 |
| NTR | $37.7B | — | — | — | — | — | — | — | — | — | 718 |
| STLD | $35.6B | 30.7× | 19.2× | 2.0× | 3.6% | 13.2% | 6.5% | 13.2% | 9.0% | 2.1× | 893 |
| KGC | $34.2B | — | — | — | — | — | — | — | — | — | 630 |
| VMC | $31.9B | 30.1× | 15.3× | 4.0× | 7.1% | 27.4% | 13.6% | 12.6% | 8.4% | 1.8× | 981 |
| MLM | $29.8B | 26.3× | 16.9× | 4.8× | 8.6% | 30.7% | 18.5% | 11.3% | 7.4% | 2.6× | 1,022 |
| PPG | $23.6B | 15.2× | — | 1.5× | 0.2% | 41.3% | 9.9% | 19.8% | 10.3% | — | 1,003 |
| IDR | $457M | 25.5× | 25.9× | 10.8× | 64.6% | 61.8% | 39.4% | 15.5% | 15.1% | 0.1× | 133 |
Peers = companies sharing IDR's sector (Basic Materials) 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.
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 lags reported earnings — watch accruals. Lower/negative accruals = higher quality (Sloan).
Coverage data unavailable; 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 + $0 buybacks = $0 returned on $12M 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: 15%. 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.
$671110 of principal comes due within a year. Scheduled principal only (excludes interest & revolver draws). As of 2021-12-31 (10-Q).
Green ≤ 1.5× · amber ≤ 3× · red > 3× (leverage relative to cash earnings).
Interest is easily covered by operating profit. Effective rate ~4.8% on $2M of debt. Interest last disclosed in FY2024 (no longer broken out).
Cash vs short-term debt unavailable.
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
Nothing notable to watch.
No material risks flagged.
Where each multiple sits in its own 14-yr range · 27th 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 1.3× 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 | 120.0 | 94.8 | 98.8 | 93.6 | 83.8 | 71.0 | 49.7 | 38.2 |
| Gross Profit | -20.0 | 13.0 | 1.2 | 6.4 | 16.2 | 29.0 | 50.3 | 61.8 |
| SG&A | 10.8 | 8.0 | 7.0 | 17.3 | 12.8 | 4.6 | 3.0 | 2.6 |
| Operating Income | 22.7 | -12.1 | -17.5 | -40.1 | -26.6 | 7.4 | 32.7 | 36.8 |
| Income Tax | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 1.0 |
| Net Income | 20.7 | -12.8 | -13.0 | -42.7 | -27.5 | 8.5 | 34.3 | 39.4 |
Green = margin-favorable vs the row's own range · red = unfavorable.
The metrics that matter, over time
A 30-second read on IDR: price, valuation, headline fundamentals, and an auto-generated scorecard from SEC filings. Flags are rule-based signals, not recommendations.
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 | $42.4M 100.0% | $25.8M 100.0% | $13.7M 100.0% | $9.6M 100.0% | $7.6M 100.0% | $5.7M 100.0% | $5.7M 100.0% | $3.6M 100.0% | $4.3M 100.0% | $545K 100.0% |
| Cost of Revenue | $16.2M 38.2% | $12.8M 49.7% | $9.7M 71.0% | $8.0M 83.8% | $7.1M 93.6% | $5.6M 98.8% | $5.4M 94.8% | $4.4M 120.0% | — | — |
| Gross Profit | $26.2M 61.8% | $13.0M 50.3% | $4.0M 29.0% | $1.6M 16.2% | $488K 6.4% | $68K 1.2% | $739K 13.0% | -$727K -20.0% | $1.2M 27.8% | $69K 12.7% |
| Selling, General & Admin | $1.1M 2.6% | $763K 3.0% | $630K 4.6% | $1.2M 12.8% | $1.3M 17.3% | $397K 7.0% | $454K 8.0% | $393K 10.8% | $256K 6.0% | $219K 40.3% |
| Total Operating Expenses | $10.6M 25.0% | $4.5M 17.6% | $3.0M 21.6% | $4.1M 42.9% | $3.5M 46.5% | $1.1M 18.7% | $1.4M 25.1% | -$1.6M -42.7% | $892K 20.8% | $1.6M 289.0% |
| Operating Income | $15.6M 36.8% | $8.4M 32.7% | $1.0M 7.4% | -$2.6M -26.6% | -$3.1M -40.1% | -$995K -17.5% | -$686K -12.1% | $824K 22.7% | $298K 6.9% | -$1.0M -190.2% |
| Interest Expense | $0 0.0% | $83K 0.3% | $44K 0.3% | $103K 1.1% | $49K 0.6% | — | $85K 1.5% | $84K 2.3% | $71K 1.7% | $80K 14.7% |
| Interest & Investment Income | — | $390K 1.5% | $85K 0.6% | $12K 0.1% | $146 0.0% | $2K 0.0% | $33K 0.6% | -$28K -0.8% | -$9K -0.2% | -$12K -2.3% |
| Other Income (Expense), net | $1.5M 3.4% | $328K 1.3% | -$61K -0.4% | $79K 0.8% | -$200K -2.6% | $255K 4.5% | -$40K -0.7% | $72K 2.0% | — | $331K 60.8% |
| Pretax Income | $17.1M 40.2% | $8.8M 34.0% | — | — | -$4K -0.0% | — | — | — | — | — |
| Income Tax Expense | $426K 1.0% | $0 0.0% | $0 0.0% | $0 0.0% | $0 0.0% | $0 0.0% | $0 0.0% | $0 0.0% | $0 0.0% | $0 0.0% |
| Net Income | $16.7M 39.4% | $8.8M 34.3% | $1.2M 8.5% | -$2.6M -27.5% | -$3.3M -42.7% | -$740K -13.0% | -$727K -12.8% | $752K 20.7% | -$22K -0.5% | -$1.4M -249.8% |
| Per Share | ||||||||||
| EPS (Basic) | $1.15 | $0.68 | $0.09 | — | — | — | — | — | — | — |
| EPS (Diluted) | $1.14 | $0.67 | $0.09 | — | — | — | — | — | — | — |
| Weighted Avg Shares (Basic) | 14.5M | 13.0M | 12.3M | 11.8M | 10.2M | 9.2M | — | 120.0M | 107.1M | 95.0M |
| Weighted Avg Shares (Diluted) | 14.7M | 13.2M | 12.3M | 11.8M | — | — | 123.7M | 122.3M | 107.9M | 95.0M |
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.