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Held by 596 of 5,944 reporting institutions (97th 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.
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
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: 68%. 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 $34M is below the $150M due within a year — relies on refinancing or operating cash flow. Scheduled principal only (excludes interest & revolver draws). As of 2023-12-31 (10-K).
Insufficient EBITDA/debt history.
Green ≤ 1.5× · amber ≤ 3× · red > 3× (leverage relative to cash earnings).
Interest is easily covered by operating profit. Effective rate ~223.5% on $18M of debt.
Cash of $34M fully covers short-term debt of $18M.
Mostly short-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.
Ranked against 651 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| LTM | $29.49T | — | — | — | — | — | — | — | — | — | 160 |
| CAT | $371.6B | 42.5× | 29.7× | 5.5× | 4.3% | 33.8% | 13.1% | 41.7% | 15.4% | 2.7× | 3,616 |
| GE | $328.8B | 38.5× | — | 7.2× | 18.5% | — | 19.0% | 46.6% | 22.2% | — | 3,077 |
| RTX | $259.8B | 39.0× | 18.5× | 2.9× | 9.7% | — | 7.6% | 10.3% | 10.3% | 0.0× | 3,277 |
| BA | $199.4B | 79.4× | 40.2× | 2.2× | 34.5% | 4.8% | 2.5% | 41.0% | 3.3% | 10.0× | 2,435 |
| DE | $185.4B | 37.1× | — | 4.1× | -11.7% | — | 11.0% | 19.4% | 12.6% | — | 2,491 |
| ABBNY | $177.4B | 47.9× | 31.6× | 5.5× | 9.5% | 34.8% | 11.9% | 28.5% | 20.4% | 0.9× | 48 |
| UNP | $167.6B | 23.6× | 16.1× | 6.8× | 1.1% | — | 29.1% | 38.7% | 14.2% | 2.6× | 2,648 |
| ETN | $158.8B | 39.2× | — | 5.8× | 10.3% | 37.6% | 14.9% | 21.0% | 13.9% | — | 2,398 |
| HON | $131.2B | 28.1× | 16.1× | 3.5× | 7.8% | 36.9% | 12.6% | 34.0% | 9.8% | 3.6× | 2,694 |
| LMT | $123.2B | 25.0× | 16.1× | 1.6× | 5.6% | 10.2% | 6.7% | 74.6% | 17.7% | 2.5× | 2,807 |
| PH | $118.7B | 34.1× | 26.8× | 6.0× | -0.4% | 36.9% | 17.8% | 25.8% | 16.7% | 1.6× | 1,845 |
| ADP | $108.3B | 24.9× | — | 4.9× | 6.7% | 46.4% | 20.1% | 73.2% | 40.1% | — | 2,179 |
| GD | $96.2B | 23.0× | 16.9× | 1.8× | 10.1% | — | 8.0% | 16.4% | 12.5% | 1.3× | 2,123 |
| TT | $94.4B | 32.6× | 23.3× | 4.4× | 7.5% | — | 13.7% | 34.0% | 22.1% | 1.1× | 1,658 |
| VRT | $92.4B | 70.8× | 43.8× | 9.0× | 27.7% | 36.3% | 13.0% | 33.8% | 19.4% | 1.4× | 1,748 |
| PWR | $92.2B | 90.7× | 45.8× | 3.2× | 20.3% | 15.0% | 3.6% | 11.5% | 10.6% | 0.4× | 1,659 |
| JCI | $91.9B | 28.0× | — | 3.9× | 2.8% | 36.4% | 13.9% | 25.5% | 14.4% | — | 1,487 |
| HWM | $90.7B | 60.9× | 39.9× | 11.0× | 11.1% | — | 18.3% | 28.2% | 17.9% | 1.3× | 1,399 |
| CSX | $89.1B | 31.1× | 14.4× | 6.3× | -3.1% | — | 20.5% | 22.0% | 22.0% | — | 1,791 |
| MMM | $87.3B | 27.4× | 16.8× | 3.5× | 1.5% | 39.9% | 13.0% | 69.1% | 18.8% | 2.1× | 2,051 |
| WM | $86.0B | 31.8× | 12.1× | 3.4× | 14.2% | 40.4% | 10.7% | 27.1% | 25.3% | 0.1× | 2,262 |
| UPS | $85.0B | 15.3× | 9.5× | 1.0× | -2.6% | — | 6.3% | 34.3% | 13.8% | 2.2× | 2,025 |
| EMR | $83.0B | 36.5× | — | 4.6× | 3.0% | 52.8% | 12.7% | 11.3% | 6.9% | — | 2,112 |
| CTAS | $79.8B | 45.0× | 28.7× | 7.7× | 7.7% | 50.0% | 17.5% | 38.7% | 25.5% | 0.8× | 1,366 |
| LII | $12.6B | 15.8× | — | 2.4× | -2.7% | 33.4% | 15.5% | 69.3% | 68.2% | — | 596 |
Peers = companies sharing LII's sector (Industrials) 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.
Solve the discounted cash flow backwards, then stress-test the assumptions.
To be worth $359.08 today, the market must believe free cash flow compounds 7.6%/yr for a decade (off $636M normalized FCF).
The market's 7.6% is more conservative than its 9-yr track record.
2-stage DCF · 0.04B shares · net debt -$16M
mean 24.6% · volatility σ 67% · implied rate exceeded in 4/9 yrs
Central path = implied 7.6%/yr growth; shaded band = ±1σ (67%) 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.
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).
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.
The dividend is comfortably covered — only 27% of free cash flow, leaving room to grow it and fund buybacks. Last year: $173M dividends + $482M buybacks = $655M returned on $639M FCF.
9 consecutive years of dividend increases · 13%/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.
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 | $5.20B 100.0% | $5.34B 100.0% | $4.98B 100.0% | $4.72B 100.0% | $4.19B 100.0% | $3.63B 100.0% | $3.81B 100.0% | $3.88B 100.0% | $3.84B 100.0% | $3.64B 100.0% |
| Cost of Revenue | $3.46B 66.6% | $3.56B 66.7% | $3.43B 68.9% | $3.43B 72.8% | $3.01B 71.7% | $2.59B 71.4% | $2.73B 71.6% | $2.77B 71.4% | $2.71B 70.7% | $2.57B 70.4% |
| Gross Profit | $1.73B 33.4% | $1.78B 33.3% | $1.55B 31.1% | $1.28B 27.2% | $1.19B 28.3% | $1.04B 28.6% | $1.08B 28.4% | $1.11B 28.6% | $1.13B 29.3% | $1.08B 29.6% |
| Research & Development | $103.4M 2.0% | $93.6M 1.8% | $94.0M 1.9% | $80.3M 1.7% | $76.1M 1.8% | $66.8M 1.8% | $69.9M 1.8% | $72.2M 1.9% | $73.6M 1.9% | $64.6M 1.8% |
| Selling, General & Admin | $681.4M 13.1% | $730.6M 13.7% | $705.5M 14.2% | $627.2M 13.3% | $598.9M 14.3% | $555.9M 15.3% | $585.9M 15.4% | $608.2M 15.7% | $637.7M 16.6% | $621.0M 17.1% |
| Operating Income | $1.04B 20.0% | $1.04B 19.5% | $791.5M 15.9% | $656.2M 13.9% | $590.3M 14.1% | $478.5M 13.2% | $656.9M 17.3% | $509.9M 13.1% | $494.5M 12.9% | $429.4M 11.8% |
| Interest Expense | $40.9M 0.8% | $38.7M 0.7% | $51.7M 1.0% | $38.7M 0.8% | $25.0M 0.6% | $28.3M 0.8% | $47.5M 1.2% | $38.3M 1.0% | $30.6M 0.8% | $27.0M 0.7% |
| Interest & Investment Income | $5.5M 0.1% | $5.4M 0.1% | $4.3M 0.1% | $1.1M 0.0% | $1.0M 0.0% | $1.4M 0.0% | $1.1M 0.0% | $800K 0.0% | $1.5M 0.0% | $1.1M 0.0% |
| Other Income (Expense), net | -$3.4M -0.1% | -$1.9M -0.0% | -$100K -0.0% | -$1.9M -0.0% | -$4.0M -0.1% | -$4.4M -0.1% | -$2.3M -0.1% | -$3.3M -0.1% | $100K 0.0% | $300K 0.0% |
| Pretax Income | $996.8M 19.2% | $999.4M 18.7% | $738.9M 14.8% | $615.8M 13.1% | $560.1M 13.4% | $445.2M 12.3% | $507.9M 13.3% | $467.9M 12.0% | $464.0M 12.1% | $402.7M 11.1% |
| Income Tax Expense | $191.0M 3.7% | $188.3M 3.5% | $147.7M 3.0% | $118.7M 2.5% | $96.1M 2.3% | $88.1M 2.4% | $99.1M 2.6% | $107.6M 2.8% | $156.9M 4.1% | $124.1M 3.4% |
| Net Income | $805.8M 15.5% | $811.1M 15.2% | $591.2M 11.9% | $497.1M 10.5% | $464.0M 11.1% | $356.3M 9.8% | $408.7M 10.7% | $359.0M 9.2% | $305.7M 8.0% | $277.8M 7.6% |
| Per Share | ||||||||||
| EPS (Basic) | $22.89 | $22.78 | $16.65 | $13.92 | $12.47 | $9.30 | $10.49 | $8.84 | $7.25 | $6.39 |
| EPS (Diluted) | $22.79 | $22.66 | $16.58 | $13.88 | $12.39 | $9.24 | $10.38 | $8.74 | $7.14 | $6.32 |
| Weighted Avg Shares (Basic) | 35.2M | 35.6M | 35.5M | 35.7M | 37.2M | 38.3M | 39.0M | 40.6M | 42.2M | 43.4M |
| Weighted Avg Shares (Diluted) | 35.4M | 35.8M | 35.7M | 35.8M | 37.5M | 38.6M | 39.4M | 41.1M | 42.8M | 44.0M |
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 2026-09-17
Nothing notable to watch.
No material risks flagged.
Where each multiple sits in its own 14-yr range · 29th 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 | 71.4 | 71.6 | 71.4 | 71.7 | 72.8 | 68.9 | 66.7 | 66.6 |
| Gross Profit | 28.6 | 28.4 | 28.6 | 28.3 | 27.2 | 31.1 | 33.3 | 33.4 |
| R&D | 1.9 | 1.8 | 1.8 | 1.8 | 1.7 | 1.9 | 1.8 | 2.0 |
| SG&A | 15.7 | 15.4 | 15.3 | 14.3 | 13.3 | 14.2 | 13.7 | 13.1 |
| Operating Income | 13.1 | 17.3 | 13.2 | 14.1 | 13.9 | 15.9 | 19.5 | 20.0 |
| Income Tax | 2.8 | 2.6 | 2.4 | 2.3 | 2.5 | 3.0 | 3.5 | 3.7 |
| Net Income | 9.2 | 10.7 | 9.8 | 11.1 | 10.5 | 11.9 | 15.2 | 15.5 |
Green = margin-favorable vs the row's own range · red = unfavorable.
The metrics that matter, over time
A 30-second read on LII: price, valuation, headline fundamentals, and an auto-generated scorecard from SEC filings. Flags are rule-based signals, not recommendations.