Loading institutional data...
Loading institutional data...
Institutional distribution: ownership decreased -1.16% quarter-over-quarter.
Data as of Q1 2026
Loading snapshot...
Loading financials...
Loading valuation...
Loading quality & risk...
Loading dividends & returns...
Loading capital allocation...
Loading debt & leverage...
Loading performance...
Loading peer comparison...
Loading ownership map...
Loading crowding analysis...
Loading conviction analysis...
Loading buy/sell flow...
Loading ownership trends...
Loading top holders...
Loading top holders...
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
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 | $16.5M 100.0% | $14.6M 100.0% | $18.0M 100.0% | $16.0M 100.0% | $18.3M 100.0% | $22.5M 100.0% | $32.6M 100.0% | $12.2M 100.0% | $11.3M 100.0% | $13.9M 100.0% |
| Cost of Revenue | $15.3M 92.4% | $14.4M 98.3% | $15.2M 84.6% | $15.4M 96.5% | $16.7M 91.4% | $20.4M 90.5% | $25.5M 78.1% | $11.2M 91.3% | $11.1M 98.2% | $12.5M 89.7% |
| Cost of Products | — | — | — | — | — | — | — | — | $11.1M 98.2% | $12.5M 89.7% |
| Gross Profit | $1.3M 7.6% | $251K 1.7% | $2.8M 15.4% | $567K 3.5% | $1.6M 8.6% | $2.1M 9.5% | $7.2M 21.9% | $1.1M 8.7% | $207K 1.8% | $1.4M 10.3% |
| Research & Development | $1.2M 7.0% | $1.4M 9.3% | $1.4M 7.9% | $1.8M 11.5% | $1.9M 10.2% | $1.3M 5.7% | $749K 2.3% | $661K 5.4% | $537K 4.7% | $626K 4.5% |
| Selling, General & Admin | $5.7M 34.4% | $5.7M 38.8% | $4.9M 27.0% | $5.7M 35.7% | $5.8M 31.9% | $6.2M 27.5% | $4.6M 14.0% | $3.2M 26.1% | $2.3M 20.6% | $4.0M 28.7% |
| Total Operating Expenses | $9.6M 57.9% | $9.7M 66.7% | $10.6M 58.7% | $13.1M 82.0% | $12.3M 67.1% | $10.4M 46.2% | $7.7M 23.7% | $5.6M 45.4% | $4.8M 42.4% | $14.6M 104.8% |
| Operating Income | -$8.3M -50.3% | -$9.5M -65.0% | -$7.8M -43.3% | -$12.5M -78.4% | -$10.7M -58.5% | -$8.3M -36.6% | -$577K -1.8% | -$4.5M -36.7% | -$4.6M -40.6% | -$13.1M -94.5% |
| Interest Expense | — | — | — | — | — | $121K 0.5% | $19K 0.1% | $72K 0.6% | $46K 0.4% | $39K 0.3% |
| Other Income (Expense), net | -$295K -1.8% | -$896K -6.1% | -$978K -5.4% | -$1.9M -11.7% | -$503K -2.8% | -$2.0M -9.0% | $319K 1.0% | $306K 2.5% | -$171K -1.5% | -$64K -0.5% |
| Pretax Income | -$8.6M -52.1% | -$10.4M -71.1% | -$8.8M -48.8% | -$14.4M -90.1% | -$11.2M -61.2% | -$10.3M -45.6% | -$258K -0.8% | -$4.2M -34.2% | -$4.8M -42.1% | -$13.2M -94.9% |
| Income Tax Expense | -$1K -0.0% | -$39K -0.3% | -$206K -1.1% | -$237K -1.5% | -$63K -0.3% | -$465K -2.1% | -$297K -0.9% | -$365K -3.0% | -$318K -2.8% | $3.2M 23.2% |
| Net Income | -$8.5M -51.7% | -$10.3M -70.8% | -$8.6M -47.6% | -$14.2M -88.7% | -$11.1M -60.9% | -$9.8M -43.5% | $40K 0.1% | -$3.8M -31.2% | -$4.5M -39.3% | -$16.4M -118.1% |
| Per Share | ||||||||||
| EPS (Basic) | $-0.89 | $-1.64 | $-1.51 | $-3.20 | $-0.52 | $-0.46 | $0.00 | $-0.24 | $-0.11 | $-0.45 |
| EPS (Diluted) | — | — | — | — | — | $-0.46 | $0.00 | $-0.24 | $-0.11 | $-0.45 |
| Weighted Avg Shares (Basic) | 9.6M | 6.3M | 5.7M | 4.4M | 21.6M | 21.2M | 19.7M | 16.0M | 41.6M | 36.8M |
| Weighted Avg Shares (Diluted) | — | — | — | — | — | 21.2M | 19.7M | 16.0M | 41.6M | 36.8M |
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.
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.
Is the value real, and is the business safe? Academic scores + earnings quality + solvency, from SEC filings.
5/8 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).
Coverage data unavailable.
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 -$7M 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: -82%. 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.
Insufficient EBITDA/debt history.
Green ≤ 1.5× · amber ≤ 3× · red > 3× (leverage relative to cash earnings).
Thin coverage — earnings barely cover interest. Interest last disclosed in FY2020 (no longer broken out).
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.
Top 16 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
EOD close · as of 2026-09-17
No standout strengths flagged.
Where each multiple sits in its own 14-yr range · 0th 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 | 91.3 | 78.1 | 90.5 | 91.4 | 96.5 | 84.6 | 98.3 | 92.4 |
| Gross Profit | 8.7 | 21.9 | 9.5 | 8.6 | 3.5 | 15.4 | 1.7 | 7.6 |
| R&D | 5.4 | 2.3 | 5.7 | 10.2 | 11.5 | 7.9 | 9.3 | 7.0 |
| SG&A | 26.1 | 14.0 | 27.5 | 31.9 | 35.7 | 27.0 | 38.8 | 34.4 |
| Operating Income | -36.7 | -1.8 | -36.6 | -58.5 | -78.4 | -43.3 | -65.0 | -50.3 |
| Income Tax | -3.0 | -0.9 | -2.1 | -0.3 | -1.5 | -1.1 | -0.3 | -0.0 |
| Net Income | -31.2 | 0.1 | -43.5 | -60.9 | -88.7 | -47.6 | -70.8 | -51.7 |
Green = margin-favorable vs the row's own range · red = unfavorable.
The metrics that matter, over time
A 30-second read on LIQT: 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 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 |
| LIQT | $7M | — | — | 0.4× | 13.0% | 7.6% | -51.7% | -81.7% | -81.7% | — | 16 |
Peers = companies sharing LIQT'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.