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Institutional ownership roughly stable: +0.45% change 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.
This company doesn't have positive free cash flow, so a reverse DCF can't be run.
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 1085 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| BCAX | $1.24T | — | — | — | — | — | — | -34.4% | -34.4% | — | 143 |
| LLY | $1.03T | 50.2× | — | 15.9× | 44.7% | 83.0% | 31.7% | 77.8% | 29.9% | — | 4,193 |
| AKTX | $894.1B | — | — | — | — | — | — | -61.1% | -61.1% | — | 1 |
| JNJ | $650.5B | 24.5× | — | 6.9× | 6.0% | 67.9% | 28.5% | 32.9% | 20.7% | — | 4,451 |
| ABBV | $467.1B | 111.9× | 33.4× | 7.6× | 8.6% | 70.2% | 6.9% | -129% | 6.6% | 4.2× | 3,895 |
| MRK | $368.2B | 20.2× | — | 5.7× | 1.3% | 74.8% | 28.1% | 34.7% | 17.9% | — | 3,594 |
| UNH | $339.9B | 28.4× | 19.7× | 0.8× | 11.8% | 88.7% | 2.7% | 12.0% | 6.8% | 3.9× | 2,891 |
| AZN | $257.7B | — | — | — | — | — | — | — | — | — | 1,248 |
| TMO | $248.2B | 37.1× | 31.9× | 5.6× | 3.9% | — | 15.0% | 12.6% | 7.0% | 4.9× | 2,481 |
| AMGN | $204.6B | 26.7× | 17.6× | 5.6× | 10.0% | 67.2% | 21.0% | 89.1% | 12.2% | 3.8× | 3,014 |
| GILD | $187.3B | 22.3× | 20.4× | 6.4× | 2.4% | 78.8% | 28.9% | 37.5% | 17.9% | 2.4× | 2,218 |
| ABT | $178.0B | 27.5× | 19.2× | 4.0× | 5.7% | 56.4% | 14.7% | 12.5% | 10.0% | 1.4× | 2,964 |
| PFE | $157.1B | 20.3× | — | 2.5× | -1.6% | 74.3% | 12.4% | 9.0% | 5.1% | — | 2,838 |
| DHR | $150.2B | 42.1× | 31.0× | 6.1× | 2.9% | 59.1% | 14.7% | 6.9% | 5.1% | 3.4× | 2,083 |
| ISRG | $136.2B | 48.7× | 37.5× | 13.5× | 20.5% | 66.0% | 28.4% | 16.0% | 16.0% | — | 2,190 |
| VRTX | $131.1B | 33.7× | 28.8× | 10.9× | 8.9% | 86.2% | 32.9% | 21.2% | 21.2% | — | 1,609 |
| BMY | $127.8B | 18.2× | — | 2.6× | -0.2% | 71.1% | 14.6% | 38.2% | 11.1% | — | 2,431 |
| MDT | $118.8B | 24.9× | 12.6× | 3.3× | 8.4% | 65.0% | 13.2% | 9.7% | 9.4% | 0.2× | 2,114 |
| CVS | $114.7B | 64.9× | 11.5× | 0.3× | 7.8% | 45.0% | 0.4% | 2.4% | 2.4% | 0.0× | 1,795 |
| SYK | $107.1B | 33.4× | 18.4× | 4.3× | 11.2% | 64.0% | 12.9% | 14.5% | 8.5% | 2.5× | 2,196 |
| MCK | $102.5B | 22.9× | 16.2× | 0.3× | 12.4% | 3.6% | 1.2% | -219% | 109% | 1.0× | 1,946 |
| HCA | $96.4B | 15.1× | — | 1.3× | 7.1% | — | 9.0% | -113% | 16.8% | — | 1,346 |
| ELV | $91.4B | 16.4× | 15.5× | 0.5× | 12.5% | 89.4% | 2.8% | 12.9% | 7.6% | 4.2× | 1,397 |
| REGN | $82.6B | 19.0× | 19.8× | 5.8× | 1.0% | — | 31.4% | 14.4% | 13.6% | 0.5× | 1,336 |
| CI | $72.7B | 12.4× | 5.5× | 0.3× | 11.2% | 21.8% | 2.2% | 14.3% | 14.1% | 0.0× | 1,583 |
| IRIX | $11M | — | — | 0.2× | 8.2% | 36.5% | -8.4% | -90.1% | -90.1% | — | 24 |
Peers = companies sharing IRIX's sector (Healthcare) 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.
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 | FY2024 | FY2023 | FY2022 | FY2022 | FY2021 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $52.7M 100.0% | $48.7M 100.0% | $51.9M 100.0% | $57.0M 100.0% | $53.9M 100.0% | $36.3M 100.0% | $43.4M 100.0% | $42.6M 100.0% | $41.6M 100.0% | $46.2M 100.0% |
| Cost of Revenue | $33.4M 63.5% | $29.2M 59.9% | $30.1M 58.0% | $31.6M 55.5% | $31.1M 57.6% | $20.8M 57.2% | $25.5M 58.7% | $25.1M 59.0% | $26.1M 62.7% | $25.3M 54.9% |
| Gross Profit | $19.2M 36.5% | $19.5M 40.1% | $21.8M 42.0% | $25.4M 44.5% | $22.8M 42.4% | $15.6M 42.8% | $17.9M 41.3% | $17.5M 41.0% | $15.5M 37.3% | $20.8M 45.1% |
| Research & Development | $3.7M 7.0% | $5.4M 11.2% | $6.8M 13.2% | $7.2M 12.6% | $6.9M 12.7% | $3.3M 9.0% | $3.7M 8.5% | $4.0M 9.4% | $5.2M 12.5% | $5.4M 11.6% |
| Selling, General & Admin | $7.7M 14.7% | $9.8M 20.1% | $8.7M 16.9% | $7.6M 13.3% | $8.9M 16.4% | $6.6M 18.2% | $8.4M 19.3% | $9.6M 22.4% | $8.8M 21.1% | $7.6M 16.5% |
| Total Operating Expenses | $21.8M 41.4% | $27.8M 57.1% | $31.8M 61.3% | $32.9M 57.8% | $30.4M 56.3% | $22.1M 60.9% | $26.9M 61.9% | $30.3M 71.2% | $28.4M 68.3% | $23.4M 50.7% |
| Operating Income | -$2.6M -4.9% | -$8.3M -17.1% | -$10.0M -19.3% | -$7.5M -13.2% | -$7.5M -14.0% | -$6.6M -18.1% | -$9.0M -20.7% | -$12.9M -30.2% | -$12.9M -31.0% | -$2.6M -5.6% |
| Interest Expense | $58K 0.1% | $146K 0.3% | — | — | — | — | — | — | — | — |
| Other Income (Expense), net | -$1.8M -3.4% | -$540K -1.1% | $527K 1.0% | $60K 0.1% | $2.3M 4.4% | $280K 0.8% | $209K 0.5% | $92K 0.2% | -$107K -0.3% | -$91K -0.2% |
| Pretax Income | -$4.4M -8.3% | -$8.8M -18.2% | -$9.5M -18.3% | -$7.5M -13.1% | -$5.2M -9.6% | -$6.3M -17.3% | -$8.8M -20.2% | -$12.8M -30.0% | -$13.0M -31.2% | -$2.7M -5.8% |
| Income Tax Expense | $57K 0.1% | $68K 0.1% | $90K 0.2% | $65K 0.1% | $40K 0.1% | $26K 0.1% | $48K 0.1% | $37K 0.1% | -$128K -0.3% | $9.1M 19.6% |
| Net Income | -$4.4M -8.4% | -$8.9M -18.3% | -$9.6M -18.5% | -$7.5M -13.2% | -$5.2M -9.7% | -$6.3M -17.4% | -$8.8M -20.3% | -$12.8M -30.1% | -$12.9M -30.9% | -$11.7M -25.4% |
| Per Share | ||||||||||
| EPS (Basic) | $-0.26 | $-0.54 | $-0.59 | $-0.47 | $-0.34 | $-0.46 | $-0.64 | $-1.05 | $-1.11 | $-1.15 |
| EPS (Diluted) | $-0.26 | $-0.54 | $-0.59 | $-0.47 | $-0.34 | $-0.46 | $-0.64 | $-1.05 | $-1.11 | $-1.15 |
| Weighted Avg Shares (Basic) | 16.9M | 16.4M | 16.1M | 15.9M | 15.4M | 13.8M | 13.7M | 12.2M | 11.6M | 10.2M |
| Weighted Avg Shares (Diluted) | 16.9M | 16.4M | 16.1M | 15.9M | 15.4M | 13.8M | 13.7M | 12.2M | 11.6M | 10.2M |
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.
4/8 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.
Cash-conversion data unavailable. 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 -$2M 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.
Operating income fell despite reinvestment — a warning on capital productivity. Current ROIC on all capital: -90%. 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 $6M covers all $4M of scheduled principal — no refinancing pressure. Scheduled principal only (excludes interest & revolver draws). As of 2025-09-27 (10-Q).
Insufficient EBITDA/debt history.
Green ≤ 1.5× · amber ≤ 3× · red > 3× (leverage relative to cash earnings).
Thin coverage — earnings barely cover interest.
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 standout strengths flagged.
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
Profit and sales moved in opposite directions this year.
Each line as % of revenue — the trend in color
| % of revenue | FY2018 | FY2019 | FY2021 | FY2022 | FY2022 | FY2023 | FY2024 | FY2026 |
|---|---|---|---|---|---|---|---|---|
| Cost of Revenue | 59.0 | 58.7 | 57.2 | 57.6 | 55.5 | 58.0 | 59.9 | 63.5 |
| Gross Profit | 41.0 | 41.3 | 42.8 | 42.4 | 44.5 | 42.0 | 40.1 | 36.5 |
| R&D | 9.4 | 8.5 | 9.0 | 12.7 | 12.6 | 13.2 | 11.2 | 7.0 |
| SG&A | 22.4 | 19.3 | 18.2 | 16.4 | 13.3 | 16.9 | 20.1 | 14.7 |
| Operating Income | -30.2 | -20.7 | -18.1 | -14.0 | -13.2 | -19.3 | -17.1 | -4.9 |
| Income Tax | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.2 | 0.1 | 0.1 |
| Net Income | -30.1 | -20.3 | -17.4 | -9.7 | -13.2 | -18.5 | -18.3 | -8.4 |
Green = margin-favorable vs the row's own range · red = unfavorable.
The metrics that matter, over time
A 30-second read on IRIX: price, valuation, headline fundamentals, and an auto-generated scorecard from SEC filings. Flags are rule-based signals, not recommendations.
Top 25 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