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Strong institutional distribution: ownership decreased -5.39% quarter-over-quarter.
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.
Solve the discounted cash flow backwards, then stress-test the assumptions.
To be worth $7.27 today, the market must believe free cash flow compounds 6.7%/yr for a decade (off $61M normalized FCF).
2-stage DCF · 0.14B shares · net debt $75M
mean 344.1% · volatility σ 779% · implied rate exceeded in 3/5 yrs
Central path = implied 6.7%/yr growth; shaded band = ±1σ (779%) 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 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.
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 |
|---|---|---|---|---|---|---|---|
| Revenue | $185.7M 100.0% | $259.2M 100.0% | $288.9M 100.0% | $883.0M 100.0% | $799.2M 100.0% | $284.1M 100.0% | $143.1M 100.0% |
| Cost of Revenue | $151.8M 81.7% | $150.9M 58.2% | $148.7M 51.5% | $169.0M 19.1% | $140.6M 17.6% | $79.6M 28.0% | $66.8M 46.7% |
| Gross Profit | $34.0M 18.3% | $108.3M 41.8% | $140.2M 48.5% | — | — | — | — |
| Research & Development | $17.4M 9.4% | $19.2M 7.4% | $17.3M 6.0% | $18.4M 2.1% | $15.2M 1.9% | $9.3M 3.3% | $3.6M 2.5% |
| Selling, General & Admin | $145.1M 78.1% | $161.8M 62.4% | $151.4M 52.4% | $129.3M 14.6% | $100.1M 12.5% | $94.2M 33.2% | $48.4M 33.8% |
| Total Operating Expenses | $249.3M 134.2% | $343.9M 132.7% | $171.8M 59.5% | $308.8M 35.0% | $244.6M 30.6% | $164.2M 57.8% | $119.2M 83.2% |
| Operating Income | -$215.3M -115.9% | -$235.6M -90.9% | -$31.6M -11.0% | $574.2M 65.0% | $554.6M 69.4% | $119.9M 42.2% | $24.0M 16.8% |
| Interest Expense | $27.0M 14.5% | $47.7M 18.4% | $45.9M 15.9% | $20.4M 2.3% | $30.3M 3.8% | $30.7M 10.8% | $30.0M 20.9% |
| Interest & Investment Income | $11.4M 6.2% | $27.4M 10.6% | $27.7M 9.6% | $2.3M 0.3% | $0 0.0% | $0 0.0% | — |
| Other Income (Expense), net | -$4.2M -2.2% | -$2.3M -0.9% | -$1.3M -0.5% | -$358K -0.0% | $279K 0.0% | $126K 0.0% | $118K 0.1% |
| Pretax Income | -$235.0M -126.5% | -$261.5M -100.9% | $617.7M 213.8% | $551.5M 62.5% | $530.8M 66.4% | $81.7M 28.8% | -$5.9M -4.1% |
| Income Tax Expense | -$4.2M -2.3% | -$1.9M -0.7% | $756.1M 261.7% | $60.8M 6.9% | $61.5M 7.7% | $2.9M 1.0% | -$652K -0.5% |
| Net Income | -$130.8M -70.4% | -$144.8M -55.9% | -$138.4M -47.9% | $490.7M 55.6% | $469.3M 58.7% | $89.0M 31.3% | -$4.5M -3.1% |
| Per Share | |||||||
| EPS (Basic) | $-0.90 | $-1.05 | $-0.90 | $1.67 | $1.59 | $7.43 | $-0.03 |
| EPS (Diluted) | $-0.90 | $-1.05 | $-0.90 | $1.67 | $1.56 | $2.36 | $-0.03 |
| Weighted Avg Shares (Basic) | 144.4M | 137.9M | 131.9M | 131.5M | 114.8M | 10.4M | 253.9M |
| Weighted Avg Shares (Diluted) | 144.4M | 137.9M | 131.9M | 255.3M | 257.8M | 28.9M | 253.9M |
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.
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).
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.
No dividend to cover. Last year: $0 dividends + $0 buybacks = $0 returned on -$71M 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 7 years — and what it earned on reinvestment.
A reinvestment story — most cash went back into growth rather than to shareholders.
Operating income fell despite reinvestment — a warning on capital productivity. Current ROIC on all capital: -26%. Rough measure (includes maintenance capex).
Cash uses aggregated from the SEC cash-flow statement over 7 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 $217M covers the $6M due within a year 36.1× over. Scheduled principal only (excludes interest & revolver draws). As of 2021-12-31 (10-K).
Green ≤ 1.5× · amber ≤ 3× · red > 3× (leverage relative to cash earnings).
Thin coverage — earnings barely cover interest. Effective rate ~9.3% on $292M of debt.
Cash of $217M fully covers short-term debt of $5M.
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
No standout strengths flagged.
Where each multiple sits in its own 6-yr range · 83th pct blended
Dot = today · shaded = middle 50% · line = median. Lower percentile = cheaper vs its own 6-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 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|
| Cost of Revenue | 46.7 | 28.0 | 17.6 | 19.1 | 51.5 | 58.2 | 81.7 |
| Gross Profit | — | — | — | — | 48.5 | 41.8 | 18.3 |
| R&D | 2.5 | 3.3 | 1.9 | 2.1 | 6.0 | 7.4 | 9.4 |
| SG&A | 33.8 | 33.2 | 12.5 | 14.6 | 52.4 | 62.4 | 78.1 |
| Operating Income | 16.8 | 42.2 | 69.4 | 65.0 | -11.0 | -90.9 | -115.9 |
| Income Tax | -0.5 | 1.0 | 7.7 | 6.9 | 261.7 | -0.7 | -2.3 |
| Net Income | -3.1 | 31.3 | 58.7 | 55.6 | -47.9 | -55.9 | -70.4 |
Green = margin-favorable vs the row's own range · red = unfavorable.
The metrics that matter, over time
A 30-second read on MRVI: price, valuation, headline fundamentals, and an auto-generated scorecard from SEC filings. Flags are rule-based signals, not recommendations.
Ranked against 1085 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| BCAX | $1.24T | — | — | — | — | — | — | -34.4% | -34.4% | — | 143 |
| LLY | $1.03T | 50.2× | — | 15.9× | 44.7% | 83.0% | 31.7% | 77.8% | 29.9% | — | 4,193 |
| AKTX | $894.1B | — | — | — | — | — | — | -61.1% | -61.1% | — | 1 |
| JNJ | $650.5B | 24.5× | — | 6.9× | 6.0% | 67.9% | 28.5% | 32.9% | 20.7% | — | 4,451 |
| ABBV | $467.1B | 111.9× | 33.4× | 7.6× | 8.6% | 70.2% | 6.9% | -129% | 6.6% | 4.2× | 3,895 |
| MRK | $368.2B | 20.2× | — | 5.7× | 1.3% | 74.8% | 28.1% | 34.7% | 17.9% | — | 3,594 |
| UNH | $339.9B | 28.4× | 19.7× | 0.8× | 11.8% | 88.7% | 2.7% | 12.0% | 6.8% | 3.9× | 2,891 |
| AZN | $257.7B | — | — | — | — | — | — | — | — | — | 1,248 |
| TMO | $248.2B | 37.1× | 31.9× | 5.6× | 3.9% | — | 15.0% | 12.6% | 7.0% | 4.9× | 2,481 |
| AMGN | $204.6B | 26.7× | 17.6× | 5.6× | 10.0% | 67.2% | 21.0% | 89.1% | 12.2% | 3.8× | 3,014 |
| GILD | $187.3B | 22.3× | 20.4× | 6.4× | 2.4% | 78.8% | 28.9% | 37.5% | 17.9% | 2.4× | 2,218 |
| ABT | $178.0B | 27.5× | 19.2× | 4.0× | 5.7% | 56.4% | 14.7% | 12.5% | 10.0% | 1.4× | 2,964 |
| PFE | $157.1B | 20.3× | — | 2.5× | -1.6% | 74.3% | 12.4% | 9.0% | 5.1% | — | 2,838 |
| DHR | $150.2B | 42.1× | 31.0× | 6.1× | 2.9% | 59.1% | 14.7% | 6.9% | 5.1% | 3.4× | 2,083 |
| ISRG | $136.2B | 48.7× | 37.5× | 13.5× | 20.5% | 66.0% | 28.4% | 16.0% | 16.0% | — | 2,190 |
| VRTX | $131.1B | 33.7× | 28.8× | 10.9× | 8.9% | 86.2% | 32.9% | 21.2% | 21.2% | — | 1,609 |
| BMY | $127.8B | 18.2× | — | 2.6× | -0.2% | 71.1% | 14.6% | 38.2% | 11.1% | — | 2,431 |
| MDT | $118.8B | 24.9× | 12.6× | 3.3× | 8.4% | 65.0% | 13.2% | 9.7% | 9.4% | 0.2× | 2,114 |
| CVS | $114.7B | 64.9× | 11.5× | 0.3× | 7.8% | 45.0% | 0.4% | 2.4% | 2.4% | 0.0× | 1,795 |
| SYK | $107.1B | 33.4× | 18.4× | 4.3× | 11.2% | 64.0% | 12.9% | 14.5% | 8.5% | 2.5× | 2,196 |
| MCK | $102.5B | 22.9× | 16.2× | 0.3× | 12.4% | 3.6% | 1.2% | -219% | 109% | 1.0× | 1,946 |
| HCA | $96.4B | 15.1× | — | 1.3× | 7.1% | — | 9.0% | -113% | 16.8% | — | 1,346 |
| ELV | $91.4B | 16.4× | 15.5× | 0.5× | 12.5% | 89.4% | 2.8% | 12.9% | 7.6% | 4.2× | 1,397 |
| REGN | $82.6B | 19.0× | 19.8× | 5.8× | 1.0% | — | 31.4% | 14.4% | 13.6% | 0.5× | 1,336 |
| CI | $72.7B | 12.4× | 5.5× | 0.3× | 11.2% | 21.8% | 2.2% | 14.3% | 14.1% | 0.0× | 1,583 |
| MRVI | $1.0B | — | — | 5.7× | -28.3% | 18.3% | -70.4% | -61.6% | -25.9% | -1.5× | 155 |
Peers = companies sharing MRVI's sector (Healthcare) 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.