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Held by 178 of 5,944 reporting institutions (91th 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 $20.30 today, the market must believe free cash flow compounds 5.1%/yr for a decade (off $40M normalized FCF).
The market's 5.1% is more conservative than its 9-yr track record.
2-stage DCF · 0.03B shares · net debt $45M
mean 12.4% · volatility σ 97% · implied rate exceeded in 3/8 yrs
Central path = implied 5.1%/yr growth; shaded band = ±1σ (97%) 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.
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
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 | $573.4M 100.0% | $469.6M 100.0% | $497.0M 100.0% | $455.1M 100.0% | $315.6M 100.0% | $305.6M 100.0% | $328.9M 100.0% | $342.0M 100.0% | $331.4M 100.0% | $322.2M 100.0% |
| Cost of Revenue | $431.4M 75.2% | $336.0M 71.5% | $360.0M 72.4% | $345.9M 76.0% | $236.6M 75.0% | $230.9M 75.6% | $253.6M 77.1% | $252.8M 73.9% | $248.0M 74.8% | $238.5M 74.0% |
| Cost of Products | — | — | — | — | — | — | — | — | — | $238.5M 74.0% |
| Gross Profit | $141.8M 24.7% | $133.2M 28.4% | $136.9M 27.6% | $109.2M 24.0% | $79.0M 25.0% | $73.5M 24.1% | $73.7M 22.4% | $89.2M 26.1% | $81.9M 24.7% | $83.7M 26.0% |
| Research & Development | $3.3M 0.6% | $3.5M 0.7% | $3.4M 0.7% | $3.6M 0.8% | $3.7M 1.2% | $3.6M 1.2% | $5.3M 1.6% | $6.0M 1.7% | $5.7M 1.7% | $5.5M 1.7% |
| Selling, General & Admin | $105.9M 18.5% | $97.6M 20.8% | $99.9M 20.1% | $88.0M 19.3% | $70.9M 22.5% | $68.8M 22.5% | $72.5M 22.0% | $79.8M 23.3% | $77.3M 23.3% | $69.7M 21.6% |
| Total Operating Expenses | — | — | — | — | — | — | — | — | — | $69.7M 21.6% |
| Operating Income | $35.8M 6.2% | $35.5M 7.6% | $37.0M 7.5% | $21.2M 4.7% | $8.0M 2.5% | $13.1M 4.3% | -$19.9M -6.0% | -$21.7M -6.3% | $3.6M 1.1% | $14.0M 4.3% |
| Interest Expense | $3.1M 0.5% | $2.2M 0.5% | $3.7M 0.7% | $2.0M 0.4% | $287K 0.1% | $873K 0.3% | $2.3M 0.7% | $1.7M 0.5% | $620K 0.2% | $36K 0.0% |
| Interest & Investment Income | — | — | — | $0 0.0% | $19K 0.0% | $3K 0.0% | $38K 0.0% | $39K 0.0% | $91K 0.0% | $84K 0.0% |
| Other Income (Expense), net | $398K 0.1% | -$262K -0.1% | -$15K -0.0% | $148K 0.0% | $154K 0.0% | -$513K -0.2% | -$138K -0.0% | — | — | — |
| Pretax Income | $33.0M 5.8% | $33.1M 7.0% | $33.3M 6.7% | $19.1M 4.2% | $7.9M 2.5% | $11.7M 3.8% | -$22.3M -6.8% | -$23.3M -6.8% | $3.1M 0.9% | $14.0M 4.3% |
| Income Tax Expense | $8.7M 1.5% | $8.1M 1.7% | $7.6M 1.5% | $4.1M 0.9% | $2.0M 0.6% | $2.1M 0.7% | -$5.9M -1.8% | -$3.8M -1.1% | $80K 0.0% | $4.5M 1.4% |
| Net Income | $24.4M 4.3% | $25.0M 5.3% | $25.8M 5.2% | $15.0M 3.3% | $5.9M 1.9% | $9.6M 3.1% | -$16.3M -5.0% | -$19.5M -5.7% | $3.0M 0.9% | $9.5M 2.9% |
| Per Share | ||||||||||
| EPS (Basic) | $0.82 | $0.86 | $0.92 | $0.55 | $0.22 | $0.37 | $-0.63 | $-0.76 | $0.12 | $0.38 |
| EPS (Diluted) | $0.79 | $0.83 | $0.88 | $0.54 | $0.21 | $0.36 | $-0.63 | $-0.76 | $0.12 | $0.37 |
| Weighted Avg Shares (Basic) | 29.9M | 29.0M | 28.1M | 27.3M | 26.7M | 26.3M | 26.1M | 25.9M | 25.4M | 25.0M |
| Weighted Avg Shares (Diluted) | 30.8M | 30.1M | 29.3M | 28.0M | 27.4M | 26.5M | 26.1M | 25.9M | 26.0M | 25.6M |
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).
Needs granular two-year detail (receivables, PP&E, D&A, SG&A) — not fully reported.
Earnings are backed by cash (FCF ≥ net income) — high quality. Lower/negative accruals = higher quality (Sloan).
Comfortably covers interest; leverage falling 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.
The dividend is comfortably covered — only 17% of free cash flow, leaving room to grow it and fund buybacks. Last year: $6M dividends + $0 buybacks = $6M returned on $35M FCF.
2 consecutive years of dividend increases · 2%/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.
Reinvestment has been productive — operating income grew well per dollar put in. Current ROIC on all capital: 9%. 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.
Green ≤ 1.5× · amber ≤ 3× · red > 3× (leverage relative to cash earnings).
Interest is easily covered by operating profit. Effective rate ~6.4% on $49M of debt.
Cash of $3M is below short-term debt of $4M — relies on refinancing/operations.
Mostly long-term debt (balance-sheet current vs non-current split). A year-by-year maturity schedule wasn't disclosed for this issuer.
Debt, cash, interest and equity from the SEC balance sheet & income statement. Effective rate = interest ÷ average debt. Educational — not a recommendation.
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 | $11.16T | — | — | — | — | — | — | — | — | — | 3,121 |
| NVDA | $5.33T | 44.8× | 40.0× | 24.7× | 65.5% | 71.1% | 55.6% | 76.3% | 72.4% | 0.1× | 5,582 |
| AAPL | $4.98T | 45.2× | 34.8× | 12.0× | 6.4% | 46.9% | 26.9% | 152% | 68.1% | 0.6× | 5,858 |
| MSFT | $3.70T | 27.7× | 19.6× | 11.1× | 17.8% | 67.9% | 40.3% | 30.2% | 27.7% | 0.2× | 5,944 |
| AVGO | $1.65T | 72.8× | 65.1× | 25.8× | 23.9% | 67.8% | 36.2% | 28.4% | 15.8% | 2.5× | 4,442 |
| MU | $1.10T | 128.8× | 60.7× | 29.3× | 48.9% | 39.8% | 22.8% | 15.8% | 12.9% | 0.7× | 2,894 |
| AMD | $888.5B | 205.7× | 210.2× | 25.6× | 34.3% | 49.5% | 12.5% | 6.9% | 6.5% | 0.8× | 3,059 |
| INTC | $543.3B | — | 67.4× | 10.3× | -0.5% | 34.8% | -0.5% | -0.2% | -0.2% | 5.5× | 2,495 |
| CSCO | $436.6B | 43.2× | 36.6× | 7.7× | 5.3% | 64.9% | 18.0% | 21.7% | 13.6% | 2.3× | 3,560 |
| PLTR | $421.4B | 279.8× | 291.6× | 94.2× | 56.2% | 82.4% | 36.3% | 22.0% | 22.0% | — | 2,883 |
| DELL | $383.6B | 67.8× | 36.1× | 3.4× | 18.8% | 20.0% | 5.2% | -240% | 20.4% | 2.8× | 1,564 |
| LRCX | $341.7B | 64.9× | 54.5× | 18.5× | 23.7% | 48.7% | 29.1% | 54.3% | 37.4% | 0.7× | 2,500 |
| RPAY | $338.0B | — | — | 1092.8× | -1.2% | 75.0% | -83.0% | -53.0% | -28.2% | -1.7× | 142 |
| AMAT | $331.0B | 48.2× | 38.1× | 11.7× | 4.4% | 48.7% | 24.7% | 34.3% | 25.9% | 0.8× | 2,826 |
| UMC | $307.4B | — | — | — | — | — | — | — | — | — | 302 |
| ARM | $281.9B | 311.6× | 242.9× | 57.3× | 22.8% | 97.5% | 18.4% | 10.9% | 10.9% | — | 730 |
| SAP | $262.5B | — | — | — | — | — | — | — | — | — | 794 |
| ANET | $250.7B | 72.6× | 63.3× | 27.8× | 28.6% | 64.1% | 39.0% | 28.4% | 28.4% | — | 1,930 |
| PANW | $250.5B | 234.4× | 156.5× | 27.2× | 14.9% | 73.4% | 12.3% | 14.5% | 14.5% | — | 2,374 |
| SNDK | $235.7B | — | — | 32.0× | 10.4% | 30.1% | -22.3% | -17.8% | -14.8% | -1.5× | 1,127 |
| TXN | $234.6B | 47.4× | 30.9× | 13.3× | 13.0% | 57.0% | 28.3% | 30.7% | 16.5% | 1.8× | 2,345 |
| CRM | $225.6B | 31.1× | 24.4× | 5.4× | 9.6% | 77.7% | 18.0% | 12.6% | 10.1% | 1.5× | 2,547 |
| IBM | $222.8B | 21.3× | — | 3.3× | 7.6% | 58.2% | 15.7% | 32.4% | 11.3% | — | 3,351 |
| MRVL | $204.0B | 78.4× | 133.3× | 24.9× | 42.1% | 51.0% | 32.6% | 18.7% | 14.2% | 2.9× | 1,477 |
| QCOM | $202.7B | 37.7× | 15.2× | 4.6× | 13.7% | 55.4% | 12.5% | 26.1% | 15.4% | 1.1× | 2,611 |
| LYTS | $610M | 25.7× | 13.6× | 1.1× | 22.1% | 24.7% | 4.3% | 10.6% | 8.7% | 1.0× | 178 |
Peers = companies sharing LYTS'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.
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
No material risks flagged.
Where each multiple sits in its own 14-yr range · 80th 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
Low operating leverage — profit tracks sales closely (stable, less cyclical).
Each line as % of revenue — the trend in color
| % of revenue | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|
| Cost of Revenue | 73.9 | 77.1 | 75.6 | 75.0 | 76.0 | 72.4 | 71.5 | 75.2 |
| Gross Profit | 26.1 | 22.4 | 24.1 | 25.0 | 24.0 | 27.6 | 28.4 | 24.7 |
| R&D | 1.7 | 1.6 | 1.2 | 1.2 | 0.8 | 0.7 | 0.7 | 0.6 |
| SG&A | 23.3 | 22.0 | 22.5 | 22.5 | 19.3 | 20.1 | 20.8 | 18.5 |
| Operating Income | -6.3 | -6.0 | 4.3 | 2.5 | 4.7 | 7.5 | 7.6 | 6.2 |
| Income Tax | -1.1 | -1.8 | 0.7 | 0.6 | 0.9 | 1.5 | 1.7 | 1.5 |
| Net Income | -5.7 | -5.0 | 3.1 | 1.9 | 3.3 | 5.2 | 5.3 | 4.3 |
Green = margin-favorable vs the row's own range · red = unfavorable.
The metrics that matter, over time
A 30-second read on LYTS: price, valuation, headline fundamentals, and an auto-generated scorecard from SEC filings. Flags are rule-based signals, not recommendations.