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Institutional accumulation: ownership increased +0.67% quarter-over-quarter.
Data as of Q1 2026
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Solve the discounted cash flow backwards, then stress-test the assumptions.
To be worth $127.14 today, the market must believe free cash flow compounds 6.3%/yr for a decade (off $41M normalized FCF).
The market's 6.3% is in line with its 8-yr track record.
2-stage DCF · 0.01B shares · net debt $41M
mean 11.5% · volatility σ 35% · implied rate exceeded in 3/8 yrs
Central path = implied 6.3%/yr growth; shaded band = ±1σ (35%) 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
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).
Interest coverage is thin — monitor; 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 9% of free cash flow, leaving room to grow it and fund buybacks. Last year: $4M dividends + $0 buybacks = $4M returned on $40M FCF.
1 consecutive years of dividend increases · 0%/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: 3%. 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 $27M covers the $0 due within a year 26928000.0× over. Scheduled principal only (excludes interest & revolver draws). As of 2015-12-31 (10-Q).
Green ≤ 1.5× · amber ≤ 3× · red > 3× (leverage relative to cash earnings).
Thin coverage — earnings barely cover interest. Effective rate ~15.8% on $68M of debt.
Cash vs short-term debt unavailable.
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.
EOD close · as of 2026-09-17
How a revenue dollar becomes profit — FY2026
Each value shows its share of revenue below it (common-size).
| Line Item | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $249.1M 100.0% | $241.0M 100.0% | $216.2M 100.0% | $219.1M 100.0% | $184.3M 100.0% | $133.9M 100.0% | $117.7M 100.0% | $103.1M 100.0% | $96.2M 100.0% | $93.7M 100.0% |
| Cost of Revenue | $90.9M 36.5% | $90.1M 37.4% | $82.9M 38.4% | $85.4M 39.0% | $75.2M 40.8% | $46.9M 35.0% | $52.3M 44.5% | $42.2M 40.9% | $41.6M 43.2% | $40.4M 43.2% |
| Cost of Products | — | — | — | — | — | — | — | — | — | $26.5M 28.3% |
| Cost of Services | — | — | — | — | — | — | — | — | — | $13.9M 14.8% |
| Gross Profit | $158.3M 63.5% | $150.9M 62.6% | $133.3M 61.6% | $133.7M 61.0% | $109.1M 59.2% | $87.0M 65.0% | $65.4M 55.5% | $60.9M 59.1% | $54.6M 56.8% | $53.2M 56.8% |
| Research & Development | $20.3M 8.2% | $19.5M 8.1% | $19.3M 8.9% | $20.5M 9.4% | $15.8M 8.6% | $10.4M 7.8% | $6.4M 5.4% | $3.5M 3.4% | $3.5M 3.7% | $4.2M 4.4% |
| Selling, General & Admin | $78.7M 31.6% | $73.3M 30.4% | $72.9M 33.7% | $72.4M 33.1% | $60.3M 32.7% | $45.8M 34.2% | $38.2M 32.4% | $31.3M 30.3% | $26.3M 27.3% | $22.8M 24.4% |
| Total Operating Expenses | $139.8M 56.1% | $134.5M 55.8% | $405.3M 187.5% | $130.4M 59.5% | $104.4M 56.6% | $74.7M 55.7% | $57.4M 48.8% | $51.1M 49.6% | $52.4M 54.5% | $36.9M 39.4% |
| Operating Income | $18.5M 7.4% | $16.3M 6.8% | -$272.1M -125.9% | $3.3M 1.5% | $4.7M 2.6% | $12.4M 9.2% | $7.9M 6.7% | $9.8M 9.5% | $2.2M 2.3% | $16.3M 17.4% |
| Interest Expense | $10.7M 4.3% | $11.9M 4.9% | $5.7M 2.6% | $4.8M 2.2% | $3.9M 2.1% | $8.0M 6.0% | $5.5M 4.7% | $1.7M 1.7% | $1.9M 1.9% | — |
| Interest & Investment Income | — | — | — | — | — | $107K 0.1% | $960K 0.8% | $29K 0.0% | $5K 0.0% | — |
| Other Income (Expense), net | -$6.5M -2.6% | -$10.4M -4.3% | -$3.6M -1.7% | -$3.7M -1.7% | -$1.1M -0.6% | -$10.1M -7.5% | -$4.1M -3.5% | -$1.2M -1.1% | -$1.9M -2.0% | -$2.0M -2.2% |
| Pretax Income | $12.0M 4.8% | $6.0M 2.5% | -$275.6M -127.5% | -$389K -0.2% | $3.6M 1.9% | $2.3M 1.7% | $3.9M 3.3% | $8.6M 8.4% | $301K 0.3% | $14.3M 15.3% |
| Income Tax Expense | $5.3M 2.1% | $7.9M 3.3% | -$21.4M -9.9% | -$1.3M -0.6% | $1.7M 0.9% | -$971K -0.7% | $2.1M 1.8% | $1.1M 1.1% | $3.3M 3.4% | $3.1M 3.3% |
| Net Income | $6.7M 2.7% | -$2.0M -0.8% | -$254.2M -117.6% | $930K 0.4% | $1.9M 1.0% | $3.3M 2.4% | — | — | — | — |
| Per Share | ||||||||||
| EPS (Basic) | $1.22 | $-0.36 | $-47.20 | $0.17 | $0.36 | $0.66 | $0.42 | $1.95 | $-0.79 | $3.04 |
| EPS (Diluted) | $1.21 | $-0.36 | $-47.20 | $0.17 | $0.35 | $0.64 | $0.41 | $1.86 | $-0.79 | $2.91 |
| Weighted Avg Shares (Basic) | 5.5M | 5.4M | 5.4M | 5.3M | 5.2M | 5.0M | 4.2M | 3.8M | 3.8M | 3.7M |
| Weighted Avg Shares (Diluted) | 5.6M | 5.4M | 5.4M | 5.4M | 5.3M | 5.1M | 4.4M | 4.0M | 3.8M | 3.8M |
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.
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
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 |
| MLAB | $702M | 105.1× | 31.3× | 2.8× | 3.4% | 63.5% | 2.7% | 3.6% | 2.6% | 2.8× | 151 |
Peers = companies sharing MLAB'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.
EOD close · as of 2026-09-17
No material risks flagged.
Where each multiple sits in its own 15-yr range · 46th pct blended
Dot = today · shaded = middle 50% · line = median. Lower percentile = cheaper vs its own 15-yr history.
Is the profit real, and how strong is the balance sheet?
FY2026 · 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 3.9× as fast as sales — great in an upturn, painful in a downturn.
Each line as % of revenue — the trend in color
| % of revenue | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 |
|---|---|---|---|---|---|---|---|---|
| Cost of Revenue | 40.9 | 44.5 | 35.0 | 40.8 | 39.0 | 38.4 | 37.4 | 36.5 |
| Gross Profit | 59.1 | 55.5 | 65.0 | 59.2 | 61.0 | 61.6 | 62.6 | 63.5 |
| R&D | 3.4 | 5.4 | 7.8 | 8.6 | 9.4 | 8.9 | 8.1 | 8.2 |
| SG&A | 30.3 | 32.4 | 34.2 | 32.7 | 33.1 | 33.7 | 30.4 | 31.6 |
| Operating Income | 9.5 | 6.7 | 9.2 | 2.6 | 1.5 | -125.9 | 6.8 | 7.4 |
| Income Tax | 1.1 | 1.8 | -0.7 | 0.9 | -0.6 | -9.9 | 3.3 | 2.1 |
| Net Income | — | — | 2.4 | 1.0 | 0.4 | -117.6 | -0.8 | 2.7 |
Green = margin-favorable vs the row's own range · red = unfavorable.
The metrics that matter, over time
A 30-second read on MLAB: 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.