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Held by 681 of 5,944 reporting institutions (98th percentile) — extremely crowded.
Data as of Q1 2026
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Solve the discounted cash flow backwards, then stress-test the assumptions.
To be worth $187.80 today, the market must believe free cash flow compounds 1.6%/yr for a decade (off $1.2B normalized FCF).
The market's 1.6% is more conservative than its 9-yr track record.
2-stage DCF · 0.08B shares · net debt $1.3B
mean 28.6% · volatility σ 61% · implied rate exceeded in 6/9 yrs
Central path = implied 1.6%/yr growth; shaded band = ±1σ (61%) 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 | $6.50B 100.0% | $6.27B 100.0% | $5.91B 100.0% | $5.48B 100.0% | $4.73B 100.0% | $4.10B 100.0% | $4.25B 100.0% | $3.98B 100.0% | $3.31B 100.0% | $2.44B 100.0% |
| Cost of Revenue | $2.05B 31.6% | $2.02B 32.3% | $1.90B 32.2% | $1.69B 30.9% | $1.44B 30.5% | $1.35B 32.8% | $1.55B 36.5% | $1.47B 36.9% | $1.32B 39.9% | $945.6M 38.7% |
| Cost of Services | — | — | — | — | — | — | — | — | $1.32B 39.9% | $945.6M 38.7% |
| Gross Profit | $4.47B 68.8% | $4.28B 68.3% | $4.04B 68.3% | $3.82B 69.7% | — | — | — | — | — | — |
| Selling, General & Admin | $3.07B 47.2% | $2.88B 46.0% | $2.70B 45.7% | $2.48B 45.3% | $2.16B 45.5% | $2.04B 49.7% | $2.10B 49.5% | $1.88B 47.4% | $1.60B 48.3% | $1.09B 44.6% |
| Total Operating Expenses | $5.47B 84.2% | $5.11B 81.6% | $4.67B 79.1% | $4.38B 79.9% | $3.82B 80.7% | $3.61B 88.0% | $3.88B 91.3% | $3.72B 93.5% | $3.32B 100.2% | $2.14B 87.5% |
| Operating Income | $1.03B 15.8% | $1.16B 18.4% | $1.24B 20.9% | $1.10B 20.1% | $915.8M 19.3% | $490.1M 12.0% | $370.1M 8.7% | $259.7M 6.5% | -$6.3M -0.2% | $305.1M 12.5% |
| Interest Expense | $125.3M 1.9% | $131.0M 2.1% | $132.8M 2.2% | $126.2M 2.3% | $118.5M 2.5% | $115.6M 2.8% | $102.8M 2.4% | $126.8M 3.2% | $127.9M 3.9% | $27.6M 1.1% |
| Interest & Investment Income | $64.7M 1.0% | $61.6M 1.0% | $38.5M 0.7% | $4.9M 0.1% | — | — | — | — | — | — |
| Other Income (Expense), net | $3.0M 0.0% | $575K 0.0% | $1.4M 0.0% | $48.4M 0.9% | $18.4M 0.4% | -$5.7M -0.1% | $7.5M 0.2% | $167K 0.0% | $3.4M 0.1% | $8.4M 0.3% |
| Pretax Income | $968.1M 14.9% | $1.39B 22.1% | $1.15B 19.4% | $1.03B 18.8% | $969.9M 20.5% | $326.1M 8.0% | $275.7M 6.5% | $181.1M 4.6% | -$127.8M -3.9% | $288.4M 11.8% |
| Income Tax Expense | $238.9M 3.7% | $133.7M 2.1% | $264.7M 4.5% | $219.4M 4.0% | $176.3M 3.7% | $59.4M 1.4% | $42.4M 1.0% | $58.7M 1.5% | -$131.1M -4.0% | $94.8M 3.9% |
| Net Income | $729.0M 11.2% | $1.25B 20.0% | $882.0M 14.9% | $808.0M 14.8% | $794.0M 16.8% | $266.7M 6.5% | $233.3M 5.5% | $122.5M 3.1% | $3.3M 0.1% | $193.6M 7.9% |
| Per Share | ||||||||||
| EPS (Basic) | $9.68 | $16.12 | $11.17 | $10.08 | $9.33 | $2.99 | $2.60 | $1.35 | $0.04 | $2.34 |
| EPS (Diluted) | $9.65 | $16.00 | $11.08 | $9.96 | $9.21 | $2.96 | $2.56 | $1.33 | $0.04 | $2.31 |
| Weighted Avg Shares (Basic) | 75.4M | 77.8M | 79.0M | 80.2M | 85.0M | 89.3M | 89.8M | 90.8M | 88.5M | 82.6M |
| Weighted Avg Shares (Diluted) | 75.6M | 78.3M | 79.7M | 81.1M | 86.2M | 90.0M | 91.0M | 92.1M | 89.8M | 83.8M |
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.
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; leverage rising 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 + $2.0B buybacks = $2.0B returned on $1.2B 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 cash-return story — far more went to shareholders than back into the business (mature, low-reinvestment).
Reinvestment has been productive — operating income grew well per dollar put in. Current ROIC on all capital: 22%. 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 $1.7B covers the $80M due within a year 21.5× over. Scheduled principal only (excludes interest & revolver draws). As of 2017-12-31 (10-K).
Green ≤ 1.5× · amber ≤ 3× · red > 3× (leverage relative to cash earnings).
Interest is easily covered by operating profit. Effective rate ~4.2% on $3.0B of debt.
Cash of $1.7B fully covers short-term debt of $5M.
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.
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.
EOD close · as of 2026-09-17
Where each multiple sits in its own 14-yr range · 14th 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 |
|---|---|---|---|---|---|---|---|---|
| Cost of Revenue | 36.9 | 36.5 | 32.8 | 30.5 | 30.9 | 32.2 | 32.3 | 31.6 |
| Gross Profit | — | — | — | — | 69.7 | 68.3 | 68.3 | 68.8 |
| SG&A | 47.4 | 49.5 | 49.7 | 45.5 | 45.3 | 45.7 | 46.0 | 47.2 |
| Operating Income | 6.5 | 8.7 | 12.0 | 19.3 | 20.1 | 20.9 | 18.4 | 15.8 |
| Income Tax | 1.5 | 1.0 | 1.4 | 3.7 | 4.0 | 4.5 | 2.1 | 3.7 |
| Net Income | 3.1 | 5.5 | 6.5 | 16.8 | 14.8 | 14.9 | 20.0 | 11.2 |
Green = margin-favorable vs the row's own range · red = unfavorable.
The metrics that matter, over time
A 30-second read on IT: price, valuation, headline fundamentals, and an auto-generated scorecard from SEC filings. Flags are rule-based signals, not recommendations.
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
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 | $10.83T | — | — | — | — | — | — | — | — | — | 3,121 |
| NVDA | $5.20T | 43.6× | 39.0× | 24.1× | 65.5% | 71.1% | 55.6% | 76.3% | 72.4% | 0.1× | 5,582 |
| AAPL | $4.91T | 44.6× | 34.3× | 11.8× | 6.4% | 46.9% | 26.9% | 152% | 68.1% | 0.6× | 5,858 |
| MSFT | $3.64T | 27.3× | 19.3× | 11.0× | 17.8% | 67.9% | 40.3% | 30.2% | 27.7% | 0.2× | 5,944 |
| AVGO | $1.61T | 71.2× | 63.6× | 25.2× | 23.9% | 67.8% | 36.2% | 28.4% | 15.8% | 2.5× | 4,442 |
| MU | $1.04T | 122.1× | 57.5× | 27.8× | 48.9% | 39.8% | 22.8% | 15.8% | 12.9% | 0.7× | 2,894 |
| AMD | $835.4B | 193.4× | 197.6× | 24.1× | 34.3% | 49.5% | 12.5% | 6.9% | 6.5% | 0.8× | 3,059 |
| INTC | $504.6B | — | 62.9× | 9.6× | -0.5% | 34.8% | -0.5% | -0.2% | -0.2% | 5.5× | 2,495 |
| CSCO | $426.7B | 42.3× | 35.8× | 7.5× | 5.3% | 64.9% | 18.0% | 21.7% | 13.6% | 2.3× | 3,560 |
| PLTR | $416.9B | 276.7× | 288.5× | 93.2× | 56.2% | 82.4% | 36.3% | 22.0% | 22.0% | — | 2,883 |
| DELL | $367.3B | 64.9× | 34.6× | 3.2× | 18.8% | 20.0% | 5.2% | -240% | 20.4% | 2.8× | 1,564 |
| LRCX | $341.6B | 64.9× | 54.5× | 18.5× | 23.7% | 48.7% | 29.1% | 54.3% | 37.4% | 0.7× | 2,500 |
| AMAT | $329.4B | 48.0× | 37.9× | 11.6× | 4.4% | 48.7% | 24.7% | 34.3% | 25.9% | 0.8× | 2,826 |
| RPAY | $325.1B | — | — | 1051.3× | -1.2% | 75.0% | -83.0% | -53.0% | -28.2% | -1.7× | 142 |
| UMC | $283.0B | — | — | — | — | — | — | — | — | — | 302 |
| SAP | $261.9B | — | — | — | — | — | — | — | — | — | 794 |
| ARM | $259.6B | 287.0× | 223.6× | 52.8× | 22.8% | 97.5% | 18.4% | 10.9% | 10.9% | — | 730 |
| PANW | $250.9B | 234.8× | 156.8× | 27.2× | 14.9% | 73.4% | 12.3% | 14.5% | 14.5% | — | 2,374 |
| ANET | $248.2B | 71.8× | 62.7× | 27.6× | 28.6% | 64.1% | 39.0% | 28.4% | 28.4% | — | 1,930 |
| TXN | $236.9B | 47.8× | 31.2× | 13.4× | 13.0% | 57.0% | 28.3% | 30.7% | 16.5% | 1.8× | 2,345 |
| CRM | $232.8B | 32.1× | 25.2× | 5.6× | 9.6% | 77.7% | 18.0% | 12.6% | 10.1% | 1.5× | 2,547 |
| IBM | $222.5B | 21.3× | — | 3.3× | 7.6% | 58.2% | 15.7% | 32.4% | 11.3% | — | 3,351 |
| SNDK | $221.9B | — | — | 30.2× | 10.4% | 30.1% | -22.3% | -17.8% | -14.8% | -1.5× | 1,127 |
| QCOM | $198.5B | 36.9× | 14.9× | 4.5× | 13.7% | 55.4% | 12.5% | 26.1% | 15.4% | 1.1× | 2,611 |
| MRVL | $194.6B | 74.8× | 127.2× | 23.8× | 42.1% | 51.0% | 32.6% | 18.7% | 14.2% | 2.9× | 1,477 |
| IT | $14.4B | 19.9× | 12.8× | 2.2× | 3.7% | 68.8% | 11.2% | 228% | 22.1% | 2.4× | 681 |
Peers = companies sharing IT'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.