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Institutional accumulation: ownership increased +1.47% 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 $37.49 today, the market must believe free cash flow compounds 2.6%/yr for a decade (off $30M normalized FCF).
The market's 2.6% is more conservative than its 8-yr track record.
2-stage DCF · 0.01B shares · net debt -$84M
mean 209.8% · volatility σ 602% · implied rate exceeded in 2/6 yrs
Central path = implied 2.6%/yr growth; shaded band = ±1σ (602%) 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.
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).
Comfortably covers interest.
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 $26M 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: 2%. 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 is easily covered by operating profit.
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 2026-09-18
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 | $298.3M 100.0% | $254.7M 100.0% | $279.1M 100.0% | — | — | — | — | — | — | — |
| Gross Profit | $54.8M 18.4% | $29.1M 11.4% | $36.8M 13.2% | $141.4M | $55.8M | $10.5M | $43.5M | $38.3M | $11.9M | -$26.8M |
| Selling, General & Admin | $36.7M 12.3% | $33.0M 12.9% | $32.4M 11.6% | $31.8M | $24.0M | $25.5M | $23.6M | $20.4M | $18.9M | $20.0M |
| Operating Income | $10.7M 3.6% | -$19.9M -7.8% | -$44.0M -15.8% | $95.4M | $32.3M | -$23.2M | $16.4M | $15.5M | -$14.1M | -$55.3M |
| Interest Expense | $232K 0.1% | $112K 0.0% | $0 0.0% | $101K | $1.5M | $4.3M | $3.0M | $3.9M | $11.7M | $11.6M |
| Interest & Investment Income | $2.4M 0.8% | $1.7M 0.7% | $298K 0.1% | $176K | $0 | $0 | — | $110K | $6K | $286K |
| Other Income (Expense), net | -$762K -0.3% | $45K 0.0% | $95K 0.0% | $305K | $48K | $384K | $355K | $252K | $403K | $1.1M |
| Pretax Income | $11.7M 3.9% | -$18.5M -7.3% | -$44.1M -15.8% | $96.5M | $41.0M | -$27.1M | $13.7M | $11.9M | -$25.4M | -$65.5M |
| Income Tax Expense | $544K 0.2% | $194.3M 76.3% | -$8.4M -3.0% | $24.3M | -$208.9M | $5K | $53K | $108K | -$2.8M | -$1.4M |
| Net Income | $11.2M 3.8% | -$212.8M -83.6% | -$35.7M -12.8% | $72.2M | $249.8M | — | — | — | — | — |
| Per Share | ||||||||||
| EPS (Basic) | $0.86 | $-16.53 | $-2.80 | $5.49 | $19.07 | $-2.09 | $1.06 | $0.92 | $-0.20 | $-0.85 |
| EPS (Diluted) | $0.85 | $-16.53 | $-2.80 | $5.37 | $18.66 | $-2.09 | $1.04 | $0.90 | $-0.20 | $-0.85 |
| Weighted Avg Shares (Basic) | 13.0M | 12.9M | 12.8M | 13.2M | 13.1M | 13.0M | 12.9M | 12.8M | 115.7M | 75.8M |
| Weighted Avg Shares (Diluted) | 13.2M | 12.9M | 12.8M | 13.5M | 13.4M | 13.0M | 13.1M | 13.1M | 115.7M | 75.8M |
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.
EOD close · as of 2026-09-18
No material risks flagged.
Where each multiple sits in its own 14-yr range · 62th 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
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 |
|---|---|---|---|---|---|---|---|---|
| Gross Profit | — | — | — | — | — | 13.2 | 11.4 | 18.4 |
| SG&A | — | — | — | — | — | 11.6 | 12.9 | 12.3 |
| Operating Income | — | — | — | — | — | -15.8 | -7.8 | 3.6 |
| Income Tax | — | — | — | — | — | -3.0 | 76.3 | 0.2 |
| Net Income | — | — | — | — | — | -12.8 | -83.6 | 3.8 |
Green = margin-favorable vs the row's own range · red = unfavorable.
The metrics that matter, over time
A 30-second read on IPI: 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 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 | $437.9B | — | — | — | — | — | — | — | — | — | 713 |
| LIN | $216.2B | 31.5× | 19.4× | 6.4× | 3.0% | — | 20.3% | 18.0% | 10.9% | 2.1× | 2,148 |
| SCCO | $161.8B | 37.4× | 20.9× | 12.1× | 17.4% | 60.1% | 32.4% | 39.4% | 24.4% | 0.9× | 791 |
| CX | $145.9B | — | — | — | — | — | — | — | — | — | 297 |
| TX | $114.7B | — | — | — | — | — | — | — | — | — | 139 |
| FCX | $102.8B | — | 12.4× | 4.0× | 1.8% | 28.2% | 16.0% | 22.0% | 14.7% | 1.1× | 1,775 |
| AEM | $99.8B | — | — | — | — | — | — | — | — | — | 1,066 |
| SHW | $79.4B | 31.3× | — | 3.4× | 2.1% | 48.8% | 10.9% | 55.9% | 17.0% | — | 1,610 |
| ECL | $76.0B | 37.0× | 22.4× | 4.7× | 2.2% | 44.5% | 12.9% | 21.2% | 19.5% | 0.3× | 1,619 |
| B | $72.6B | — | — | — | — | — | — | — | — | — | 979 |
| WPM | $68.6B | — | — | — | — | — | — | — | — | — | 809 |
| APD | $63.3B | — | 89.4× | 5.3× | -0.5% | 31.4% | -3.3% | -2.6% | -2.6% | 0.1× | 1,702 |
| VALE | $60.5B | — | — | — | — | — | — | — | — | — | 537 |
| CRH | $57.6B | 15.6× | 9.2× | 1.5× | 5.3% | 36.1% | 10.0% | 15.6% | 9.2% | 2.2× | 9 |
| NUE | $57.3B | 33.0× | — | 1.8× | 5.7% | 11.9% | 5.4% | 8.3% | 8.3% | — | 1,325 |
| MT | $55.2B | — | — | — | — | — | — | — | — | — | 286 |
| DD | $53.9B | — | — | 7.9× | 1.9% | 34.5% | -11.4% | -5.6% | -5.6% | — | 1,172 |
| AU | $52.2B | — | — | — | — | — | — | — | — | — | 537 |
| FNV | $51.3B | — | — | — | — | — | — | — | — | — | 614 |
| NTR | $36.8B | — | — | — | — | — | — | — | — | — | 718 |
| STLD | $34.1B | 29.4× | 18.5× | 1.9× | 3.6% | 13.2% | 6.5% | 13.2% | 9.0% | 2.1× | 893 |
| KGC | $33.7B | — | — | — | — | — | — | — | — | — | 630 |
| VMC | $31.5B | 29.7× | 15.1× | 4.0× | 7.1% | 27.4% | 13.6% | 12.6% | 8.4% | 1.8× | 981 |
| MLM | $29.6B | 26.1× | 16.8× | 4.8× | 8.6% | 30.7% | 18.5% | 11.3% | 7.4% | 2.6× | 1,022 |
| PPG | $23.4B | 15.1× | — | 1.5× | 0.2% | 41.3% | 9.9% | 19.8% | 10.3% | — | 1,003 |
| IPI | $492M | 44.1× | 8.0× | 1.6× | 17.1% | 18.4% | 3.7% | 2.3% | 2.3% | — | 157 |
Peers = companies sharing IPI'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.