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Strong institutional distribution: ownership decreased -8.01% 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.
This company doesn't have positive free cash flow, so a reverse DCF can't be run.
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 | $178.9M 100.0% | $196.4M 100.0% | $230.1M 100.0% | $337.7M 100.0% | $474.2M 100.0% | $507.1M 100.0% | $520.7M 100.0% | $465.4M 100.0% | $679.7M 100.0% | $688.0M 100.0% |
| Cost of Revenue | $147.5M 82.4% | $157.7M 80.3% | $178.4M 77.6% | $236.4M 70.0% | $320.7M 67.6% | $378.7M 74.7% | $404.3M 77.6% | $349.8M 75.2% | $491.8M 72.4% | $531.7M 77.3% |
| Gross Profit | $31.4M 17.6% | $38.7M 19.7% | $51.6M 22.4% | $101.3M 30.0% | $153.5M 32.4% | $128.3M 25.3% | $116.4M 22.4% | $115.6M 24.8% | $187.9M 27.6% | $156.2M 22.7% |
| Research & Development | $27.3M 15.3% | $25.0M 12.7% | $51.6M 22.4% | $52.3M 15.5% | $51.2M 10.8% | $45.7M 9.0% | $45.0M 8.6% | $46.0M 9.9% | $70.5M 10.4% | $72.2M 10.5% |
| Selling, General & Admin | $35.1M 19.6% | $38.1M 19.4% | $48.5M 21.1% | $50.9M 15.1% | $52.4M 11.1% | $50.0M 9.9% | $47.6M 9.1% | $47.7M 10.3% | $81.8M 12.0% | $83.5M 12.1% |
| Total Operating Expenses | $67.3M 37.6% | $64.7M 32.9% | $109.3M 47.5% | $106.5M 31.5% | $70.1M 14.8% | $101.3M 20.0% | $92.7M 17.8% | $93.8M 20.1% | $148.7M 21.9% | $153.5M 22.3% |
| Operating Income | -$35.9M -20.0% | -$26.0M -13.2% | -$57.6M -25.1% | -$5.2M -1.6% | $83.4M 17.6% | $27.0M 5.3% | $23.7M 4.6% | $21.9M 4.7% | $39.2M 5.8% | $2.7M 0.4% |
| Interest & Investment Income | $5.4M 3.0% | $8.3M 4.2% | $10.4M 4.5% | $6.0M 1.8% | $2.6M 0.6% | — | — | — | — | — |
| Other Income (Expense), net | $298K 0.2% | $485K 0.2% | $13K 0.0% | $561K 0.2% | $1.2M 0.2% | $370K 0.1% | $2.6M 0.5% | -$229K -0.0% | $2.9M 0.4% | $3.0M 0.4% |
| Pretax Income | -$32.1M -18.0% | -$35.5M -18.1% | -$47.6M -20.7% | -$2.9M -0.9% | $74.0M 15.6% | $10.8M 2.1% | -$18.2M -3.5% | -$26.9M -5.8% | $86.1M 12.7% | -$25.9M -3.8% |
| Income Tax Expense | -$17.9M -10.0% | -$8.2M -4.2% | -$10.9M -4.8% | $5.2M 1.5% | $17.3M 3.6% | -$46.2M -9.1% | $2.2M 0.4% | -$1.1M -0.2% | $1.2M 0.2% | $3.7M 0.5% |
| Net Income | -$29.7M -16.6% | -$54.3M -27.6% | -$36.6M -15.9% | -$8.0M -2.4% | $56.7M 12.0% | $345.0M 68.0% | -$21.8M -4.2% | -$3.9M -0.8% | $84.9M 12.5% | -$29.6M -4.3% |
| Per Share | ||||||||||
| EPS (Basic) | $-0.82 | $-1.44 | $-0.89 | $-0.18 | $1.26 | $9.80 | $-0.64 | $-0.11 | $2.50 | $-0.85 |
| EPS (Diluted) | $-0.82 | $-1.44 | $-0.89 | $-0.18 | $1.21 | $7.54 | $-0.64 | $-0.11 | $2.02 | $-0.85 |
| Weighted Avg Shares (Basic) | 36.2M | 37.8M | 41.0M | 44.9M | 44.9M | 35.2M | 34.3M | 34.5M | 33.9M | 34.8M |
| Weighted Avg Shares (Diluted) | 36.2M | 37.8M | 41.0M | 44.9M | 47.7M | 46.5M | 34.3M | 34.5M | 44.8M | 34.8M |
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.
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).
Coverage data unavailable; 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.
No dividend to cover. Last year: $0 dividends + $4M buybacks = $4M returned on -$54M 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 10 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: -10%. 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 expense isn't separately reported — often netted into “other income (expense), net.”
Cash of $104M fully covers short-term debt of $0.
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.
EOD close · as of 2026-09-17
No standout strengths flagged.
Where each multiple sits in its own 14-yr range · 24th 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
Profit and sales moved in opposite directions this year.
Each line as % of revenue — the trend in color
| % of revenue | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|
| Cost of Revenue | 75.2 | 77.6 | 74.7 | 67.6 | 70.0 | 77.6 | 80.3 | 82.4 |
| Gross Profit | 24.8 | 22.4 | 25.3 | 32.4 | 30.0 | 22.4 | 19.7 | 17.6 |
| R&D | 9.9 | 8.6 | 9.0 | 10.8 | 15.5 | 22.4 | 12.7 | 15.3 |
| SG&A | 10.3 | 9.1 | 9.9 | 11.1 | 15.1 | 21.1 | 19.4 | 19.6 |
| Operating Income | 4.7 | 4.6 | 5.3 | 17.6 | -1.6 | -25.1 | -13.2 | -20.0 |
| Income Tax | -0.2 | 0.4 | -9.1 | 3.6 | 1.5 | -4.8 | -4.2 | -10.0 |
| Net Income | -0.8 | -4.2 | 68.0 | 12.0 | -2.4 | -15.9 | -27.6 | -16.6 |
Green = margin-favorable vs the row's own range · red = unfavorable.
The metrics that matter, over time
A 30-second read on MX: 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.
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 |
| MX | $102M | — | — | 0.6× | -8.9% | 17.6% | -16.6% | -12.0% | -10.1% | -1.9× | 71 |
Peers = companies sharing MX'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.