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Held by 819 of 5,944 reporting institutions (98th percentile) — extremely crowded.
Data as of Q1 2026
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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
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.
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 | $4.36B 100.0% | $3.98B 100.0% | $4.03B 100.0% | $4.21B 100.0% | $3.67B 100.0% | $3.42B 100.0% | $3.65B 100.0% | $3.53B 100.0% | $3.38B 100.0% | $3.32B 100.0% |
| Cost of Revenue | $625.0M 14.3% | $613.0M 15.4% | $583.0M 14.5% | $573.0M 13.6% | $537.0M 14.6% | $449.0M 13.1% | $481.0M 13.2% | $496.0M 14.0% | $480.9M 14.2% | — |
| Total Operating Expenses | $3.34B 76.5% | $3.10B 77.7% | $3.08B 76.6% | $3.28B 77.9% | $2.87B 78.3% | $2.68B 78.3% | $2.87B 78.7% | $2.84B 80.4% | $2.71B 80.2% | $2.77B 83.3% |
| Operating Income | $1.02B 23.5% | $886.0M 22.3% | $943.0M 23.4% | $928.0M 22.1% | $795.0M 21.7% | $740.0M 21.7% | $778.0M 21.3% | $694.0M 19.6% | $671.2M 19.8% | $554.1M 16.7% |
| Interest Expense | $512.0M 11.7% | $449.0M 11.3% | $394.0M 9.8% | $325.0M 7.7% | $277.0M 7.5% | $275.0M 8.1% | $273.0M 7.5% | $247.0M 7.0% | $215.6M 6.4% | $196.2M 5.9% |
| Other Income (Expense), net | -$364.0M -8.3% | -$310.0M -7.8% | -$236.0M -5.9% | -$220.0M -5.2% | -$195.0M -5.3% | -$173.0M -5.1% | -$142.0M -3.9% | -$124.0M -3.5% | -$138.4M -4.1% | -$110.7M -3.3% |
| Pretax Income | $661.0M 15.2% | $576.0M 14.5% | $707.0M 17.6% | $708.0M 16.8% | $600.0M 16.4% | $567.0M 16.6% | $636.0M 17.4% | $570.0M 16.1% | $532.8M 15.8% | $443.4M 13.4% |
| Income Tax Expense | -$149.0M -3.4% | -$114.0M -2.9% | $4.0M 0.1% | $22.0M 0.5% | -$74.0M -2.0% | -$57.0M -1.7% | $69.0M 1.9% | $48.0M 1.4% | $66.7M 2.0% | $59.4M 1.8% |
| Net Income | $810.0M 18.6% | $690.0M 17.3% | $703.0M 17.5% | $686.0M 16.3% | $674.0M 18.4% | $624.0M 18.3% | $567.0M 15.5% | $522.0M 14.8% | $467.5M 13.8% | $381.7M 11.5% |
| Per Share | ||||||||||
| EPS (Basic) | $3.15 | $2.69 | $2.78 | $2.73 | $2.63 | $2.47 | $2.34 | $2.19 | $1.99 | — |
| EPS (Diluted) | $3.14 | $2.69 | $2.78 | $2.73 | $2.63 | $2.47 | $2.33 | $2.19 | $1.99 | — |
| Weighted Avg Shares (Basic) | 257.0M | 256.5M | 253.0M | 250.9M | 250.2M | 248.4M | 238.5M | 233.6M | 229.7M | — |
| Weighted Avg Shares (Diluted) | 257.8M | 256.8M | 253.3M | 251.2M | 250.7M | 248.7M | 239.0M | 233.6M | 229.7M | — |
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.
Insufficient balance-sheet detail (needs retained earnings, working capital, equity).
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 lags reported earnings — watch accruals. Lower/negative accruals = higher quality (Sloan).
Interest coverage is thin — monitor; 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.
Free-cash-flow coverage unavailable. Last year: $521M dividends + $0 buybacks = $521M returned on -$1.1B FCF.
9 consecutive years of dividend increases · 6%/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.
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.
Modest payoff on reinvested capital. Current ROIC on all capital: 4%. 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 $556M is below the $1.1B due within a year — relies on refinancing or operating cash flow. Scheduled principal only (excludes interest & revolver draws). As of 2025-12-31 (10-K).
Green ≤ 1.5× · amber ≤ 3× · red > 3× (leverage relative to cash earnings).
Coverage is adequate but not comfortable. Effective rate ~4.3% on $12.0B of debt.
Cash of $556M is below short-term debt of $1.1B — relies on refinancing/operations.
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.
Ranked against 95 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| GEV | $249.3B | 52.3× | 124.5× | 6.5× | 9.0% | 19.8% | 12.8% | 43.7% | 43.4% | 0.0× | 2,989 |
| NEE | $169.3B | 24.6× | — | 6.6× | 9.8% | — | 26.5% | 12.5% | 4.6% | — | 2,911 |
| SO | $95.1B | 22.0× | — | 3.2× | 10.6% | — | 14.7% | 12.1% | 11.8% | — | 2,268 |
| DUK | $92.2B | 18.8× | 10.7× | 2.9× | 5.6% | — | 15.7% | 9.6% | 3.7% | 5.1× | 2,360 |
| CEG | $82.0B | 35.5× | 21.5× | 3.2× | 8.3% | — | 9.1% | 16.0% | 9.9% | 2.2× | 1,836 |
| AEP | $65.8B | 18.3× | 12.9× | 3.0× | 10.9% | — | 16.9% | 11.9% | 4.8% | 5.3× | 1,854 |
| D | $56.5B | 18.6× | — | 3.4× | 14.2% | — | 18.2% | 10.3% | 3.8% | — | 1,421 |
| SRE | $53.3B | 29.7× | — | 3.9× | 3.9% | — | 13.4% | 5.8% | 5.1% | — | 1,217 |
| VST | $47.5B | 64.4× | 16.8× | 2.7× | 3.0% | — | 5.3% | 18.5% | 3.9% | 4.8× | 1,246 |
| ETR | $45.7B | 26.4× | 13.1× | 3.5× | 9.0% | — | 13.7% | 10.5% | 3.9% | 5.2× | 1,224 |
| XEL | $45.3B | 21.3× | — | — | — | — | — | 8.5% | 3.5% | — | 1,208 |
| EXC | $43.6B | — | 11.1× | 1.8× | 5.3% | — | 11.4% | 9.6% | 3.6% | 5.9× | 1,230 |
| ED | $38.7B | 19.0× | — | 2.3× | 10.9% | — | 12.0% | 8.4% | 4.0% | — | 1,368 |
| PEG | $35.1B | 16.7× | — | 2.9× | 18.3% | — | 17.3% | 12.4% | 5.3% | — | 1,231 |
| WEC | $33.6B | 21.5× | 14.5× | 3.4× | 14.0% | 66.7% | 15.9% | 11.1% | 4.5% | 5.5× | 1,310 |
| AEE | $28.7B | 19.4× | — | 3.3× | 15.4% | — | 16.6% | 10.9% | 4.5% | — | 884 |
| AWK | $27.0B | 24.3× | 10.3× | 5.3× | 10.1% | — | 21.7% | 10.3% | 8.9% | 0.6× | 1,100 |
| FE | $26.4B | 26.0× | 6.9× | 1.8× | 12.0% | — | 6.8% | 8.2% | 7.9% | 0.1× | 894 |
| ATO | $26.2B | 21.7× | 11.3× | 5.6× | 12.9% | — | 25.5% | 8.8% | 8.8% | — | 961 |
| ES | $25.9B | 15.1× | 10.0× | 1.9× | 13.8% | — | 12.5% | 10.5% | 3.8% | 5.2× | 1,012 |
| CNP | $25.2B | 24.1× | 12.7× | 2.7× | 8.3% | 100.0% | 11.2% | 9.4% | 3.3% | 5.8× | 774 |
| PPL | $25.1B | 21.0× | 12.3× | 2.8× | 6.9% | — | 13.1% | 7.9% | 3.5% | 5.4× | 947 |
| EIX | $21.4B | 4.8× | 5.8× | 1.1× | 9.8% | — | 23.1% | 25.4% | 8.0% | 3.7× | 1,005 |
| CMS | $20.3B | 18.8× | 12.7× | 2.4× | 13.6% | — | 12.5% | 11.7% | 3.8% | 6.2× | 762 |
| NRG | $20.2B | 26.5× | 9.8× | 0.7× | 9.2% | — | 2.8% | 51.4% | 4.8% | 5.1× | 1,010 |
| LNT | $17.1B | 21.2× | 15.3× | 3.9× | 9.6% | 85.7% | 18.6% | 11.0% | 4.2% | 6.4× | 819 |
Peers = companies sharing LNT's sector (Utilities) 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.
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.
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
Where each multiple sits in its own 14-yr range · 100th 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
High operating leverage: profit moved 1.6× as fast as sales — great in an upturn, painful in a downturn.
Each line as % of revenue — the trend in color
| % of revenue | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|
| Cost of Revenue | 14.0 | 13.2 | 13.1 | 14.6 | 13.6 | 14.5 | 15.4 | 14.3 |
| Operating Income | 19.6 | 21.3 | 21.7 | 21.7 | 22.1 | 23.4 | 22.3 | 23.5 |
| Income Tax | 1.4 | 1.9 | -1.7 | -2.0 | 0.5 | 0.1 | -2.9 | -3.4 |
| Net Income | 14.8 | 15.5 | 18.3 | 18.4 | 16.3 | 17.5 | 17.3 | 18.6 |
Green = margin-favorable vs the row's own range · red = unfavorable.
The metrics that matter, over time
A 30-second read on LNT: price, valuation, headline fundamentals, and an auto-generated scorecard from SEC filings. Flags are rule-based signals, not recommendations.