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Held by 5,944 of 5,944 reporting institutions (100th 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 $497.75 today, the market must believe free cash flow compounds 20.9%/yr for a decade (off $70.9B normalized FCF).
The market's 20.9% is more optimistic than its 9-yr track record.
2-stage DCF · 7.43B shares · net debt $19.4B
mean 9.5% · volatility σ 13% · implied rate exceeded in 2/9 yrs
Central path = implied 20.9%/yr growth; shaded band = ±1σ (13%) 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.
Cash conversion lags reported earnings — watch accruals. 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 39% of free cash flow, leaving room to grow it and fund buybacks. Last year: $26.4B dividends + $22.3B buybacks = $48.7B returned on $67.0B FCF.
9 consecutive years of dividend increases · 10%/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 balanced mix of reinvestment and shareholder returns.
Reinvestment has been productive — operating income grew well per dollar put in. Current ROIC on all capital: 28%. 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 $20.9B covers the $9.3B due within a year 2.3× over. Scheduled principal only (excludes interest & revolver draws). As of 2026-06-30 (10-K).
Green ≤ 1.5× · amber ≤ 3× · red > 3× (leverage relative to cash earnings).
Interest is easily covered by operating profit. Effective rate ~7.6% on $40.3B of debt.
Cash of $20.9B fully covers short-term debt of $9.2B.
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 | $331.84B 100.0% | $281.72B 100.0% | $245.12B 100.0% | $211.91B 100.0% | $198.27B 100.0% | $168.09B 100.0% | $143.01B 100.0% | $125.84B 100.0% | $110.36B 100.0% | $96.57B 100.0% |
| Cost of Revenue | $106.37B 32.1% | $87.83B 31.2% | $74.11B 30.2% | $65.86B 31.1% | $62.65B 31.6% | $52.23B 31.1% | $46.08B 32.2% | $42.91B 34.1% | $38.35B 34.8% | $34.26B 35.5% |
| Cost of Products | — | — | — | — | — | — | — | — | — | $15.18B 15.7% |
| Gross Profit | $225.47B 67.9% | $193.89B 68.8% | $171.01B 69.8% | $146.05B 68.9% | $135.62B 68.4% | $115.86B 68.9% | $96.94B 67.8% | $82.93B 65.9% | $72.01B 65.2% | $62.31B 64.5% |
| Research & Development | $35.56B 10.7% | $32.49B 11.5% | $29.51B 12.0% | $27.20B 12.8% | $24.51B 12.4% | $20.72B 12.3% | $19.27B 13.5% | $16.88B 13.4% | $14.73B 13.3% | $13.04B 13.5% |
| Selling, General & Admin | $7.96B 2.4% | $7.22B 2.6% | $7.61B 3.1% | $7.58B 3.6% | $5.90B 3.0% | $5.11B 3.0% | $5.11B 3.6% | $4.88B 3.9% | $4.75B 4.3% | $4.48B 4.6% |
| Total Operating Expenses | $70.23B 21.2% | $65.36B 23.2% | $61.58B 25.1% | $57.53B 27.1% | — | — | — | — | — | — |
| Operating Income | $155.24B 46.8% | $128.53B 45.6% | $109.43B 44.6% | $88.52B 41.8% | $83.38B 42.1% | $69.92B 41.6% | $52.96B 37.0% | $42.96B 34.1% | $35.06B 31.8% | $29.02B 30.1% |
| Interest Expense | $3.05B 0.9% | $2.38B 0.8% | $2.94B 1.2% | $1.97B 0.9% | $2.06B 1.0% | $2.35B 1.4% | $2.59B 1.8% | $2.69B 2.1% | $2.73B 2.5% | $2.22B 2.3% |
| Other Income (Expense), net | $10.70B 3.2% | -$4.90B -1.7% | -$1.65B -0.7% | $788.0M 0.4% | $333.0M 0.2% | $1.19B 0.7% | $77.0M 0.1% | $729.0M 0.6% | $1.42B 1.3% | $876.0M 0.9% |
| Pretax Income | $165.93B 50.0% | $123.63B 43.9% | $107.79B 44.0% | $89.31B 42.1% | $83.72B 42.2% | $71.10B 42.3% | $53.04B 37.1% | $43.69B 34.7% | $36.47B 33.1% | $29.90B 31.0% |
| Income Tax Expense | $32.19B 9.7% | $21.80B 7.7% | $19.65B 8.0% | $16.95B 8.0% | $10.98B 5.5% | $9.83B 5.8% | $8.76B 6.1% | $4.45B 3.5% | $19.90B 18.0% | $4.41B 4.6% |
| Net Income | $133.75B 40.3% | $101.83B 36.1% | $88.14B 36.0% | $72.36B 34.1% | $72.74B 36.7% | $61.27B 36.5% | $44.28B 31.0% | $39.24B 31.2% | $16.57B 15.0% | $25.49B 26.4% |
| Per Share | ||||||||||
| EPS (Basic) | $18.00 | $13.70 | $11.86 | $9.72 | $9.70 | $8.12 | $5.82 | $5.11 | $2.15 | $3.29 |
| EPS (Diluted) | $17.95 | $13.64 | $11.80 | $9.68 | $9.65 | $8.05 | $5.76 | $5.06 | $2.13 | $3.25 |
| Weighted Avg Shares (Basic) | 7.43B | 7.43B | 7.43B | 7.45B | 7.50B | 7.55B | 7.61B | 7.67B | 7.70B | 7.75B |
| Weighted Avg Shares (Diluted) | 7.45B | 7.46B | 7.47B | 7.47B | 7.54B | 7.61B | 7.68B | 7.75B | 7.79B | 7.83B |
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
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 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 | $10.83T | — | — | — | — | — | — | — | — | — | 3,121 |
| NVDA | $5.20T | 43.6× | 39.0× | 24.1× | 65.5% | 71.1% | 55.6% | 76.3% | 72.4% | 0.1× | 5,582 |
| AAPL | $4.91T | 44.6× | 34.3× | 11.8× | 6.4% | 46.9% | 26.9% | 152% | 68.1% | 0.6× | 5,858 |
| MSFT | $3.64T | 27.3× | 19.3× | 11.0× | 17.8% | 67.9% | 40.3% | 30.2% | 27.7% | 0.2× | 5,944 |
| AVGO | $1.61T | 71.2× | 63.6× | 25.2× | 23.9% | 67.8% | 36.2% | 28.4% | 15.8% | 2.5× | 4,442 |
| MU | $1.04T | 122.1× | 57.5× | 27.8× | 48.9% | 39.8% | 22.8% | 15.8% | 12.9% | 0.7× | 2,894 |
| AMD | $835.4B | 193.4× | 197.6× | 24.1× | 34.3% | 49.5% | 12.5% | 6.9% | 6.5% | 0.8× | 3,059 |
| INTC | $504.6B | — | 62.9× | 9.6× | -0.5% | 34.8% | -0.5% | -0.2% | -0.2% | 5.5× | 2,495 |
| CSCO | $426.7B | 42.3× | 35.8× | 7.5× | 5.3% | 64.9% | 18.0% | 21.7% | 13.6% | 2.3× | 3,560 |
| PLTR | $416.9B | 276.7× | 288.5× | 93.2× | 56.2% | 82.4% | 36.3% | 22.0% | 22.0% | — | 2,883 |
| DELL | $367.3B | 64.9× | 34.6× | 3.2× | 18.8% | 20.0% | 5.2% | -240% | 20.4% | 2.8× | 1,564 |
| LRCX | $341.6B | 64.9× | 54.5× | 18.5× | 23.7% | 48.7% | 29.1% | 54.3% | 37.4% | 0.7× | 2,500 |
| AMAT | $329.4B | 48.0× | 37.9× | 11.6× | 4.4% | 48.7% | 24.7% | 34.3% | 25.9% | 0.8× | 2,826 |
| RPAY | $325.1B | — | — | 1051.3× | -1.2% | 75.0% | -83.0% | -53.0% | -28.2% | -1.7× | 142 |
| UMC | $283.0B | — | — | — | — | — | — | — | — | — | 302 |
| SAP | $261.9B | — | — | — | — | — | — | — | — | — | 794 |
| ARM | $259.6B | 287.0× | 223.6× | 52.8× | 22.8% | 97.5% | 18.4% | 10.9% | 10.9% | — | 730 |
| PANW | $250.9B | 234.8× | 156.8× | 27.2× | 14.9% | 73.4% | 12.3% | 14.5% | 14.5% | — | 2,374 |
| ANET | $248.2B | 71.8× | 62.7× | 27.6× | 28.6% | 64.1% | 39.0% | 28.4% | 28.4% | — | 1,930 |
| TXN | $236.9B | 47.8× | 31.2× | 13.4× | 13.0% | 57.0% | 28.3% | 30.7% | 16.5% | 1.8× | 2,345 |
| CRM | $232.8B | 32.1× | 25.2× | 5.6× | 9.6% | 77.7% | 18.0% | 12.6% | 10.1% | 1.5× | 2,547 |
| IBM | $222.5B | 21.3× | — | 3.3× | 7.6% | 58.2% | 15.7% | 32.4% | 11.3% | — | 3,351 |
| SNDK | $221.9B | — | — | 30.2× | 10.4% | 30.1% | -22.3% | -17.8% | -14.8% | -1.5× | 1,127 |
| QCOM | $198.5B | 36.9× | 14.9× | 4.5× | 13.7% | 55.4% | 12.5% | 26.1% | 15.4% | 1.1× | 2,611 |
| MRVL | $194.6B | 74.8× | 127.2× | 23.8× | 42.1% | 51.0% | 32.6% | 18.7% | 14.2% | 2.9× | 1,477 |
Peers = companies sharing MSFT'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
Nothing notable to watch.
No material risks flagged.
Where each multiple sits in its own 15-yr range · 60th 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
Returns are margin-driven, not leverage-driven — higher quality.
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 | FY2026 |
|---|---|---|---|---|---|---|---|---|
| Cost of Revenue | 34.1 | 32.2 | 31.1 | 31.6 | 31.1 | 30.2 | 31.2 | 32.1 |
| Gross Profit | 65.9 | 67.8 | 68.9 | 68.4 | 68.9 | 69.8 | 68.8 | 67.9 |
| R&D | 13.4 | 13.5 | 12.3 | 12.4 | 12.8 | 12.0 | 11.5 | 10.7 |
| SG&A | 3.9 | 3.6 | 3.0 | 3.0 | 3.6 | 3.1 | 2.6 | 2.4 |
| Operating Income | 34.1 | 37.0 | 41.6 | 42.1 | 41.8 | 44.6 | 45.6 | 46.8 |
| Income Tax | 3.5 | 6.1 | 5.8 | 5.5 | 8.0 | 8.0 | 7.7 | 9.7 |
| Net Income | 31.2 | 31.0 | 36.5 | 36.7 | 34.1 | 36.0 | 36.1 | 40.3 |
Green = margin-favorable vs the row's own range · red = unfavorable.
The metrics that matter, over time
A 30-second read on MSFT: price, valuation, headline fundamentals, and an auto-generated scorecard from SEC filings. Flags are rule-based signals, not recommendations.