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Institutional ownership roughly stable: -0.28% change 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 $53.35 today, the market must believe free cash flow compounds -4.3%/yr for a decade (off $12M normalized FCF).
The market's -4.3% is more conservative than its 9-yr track record.
2-stage DCF · 0.00B shares · net debt -$37M
mean 77.2% · volatility σ 168% · implied rate exceeded in 5/8 yrs
Central path = implied -4.3%/yr growth; shaded band = ±1σ (168%) 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
Ranked against 238 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| XOM | $682.3B | 24.4× | — | 2.0× | -5.0% | — | 8.7% | 11.1% | 10.7% | — | 4,568 |
| SHEL | $545.2B | — | — | — | — | — | — | — | — | — | 1,521 |
| CVX | $391.2B | 31.9× | — | 2.1× | -6.8% | 42.8% | 6.5% | 6.6% | 6.6% | — | 4,121 |
| TTE | $202.1B | — | — | — | — | — | — | — | — | — | 951 |
| COP | $166.8B | 21.0× | — | 2.8× | 7.7% | 62.1% | 13.6% | 12.4% | 12.2% | — | 2,450 |
| PBR | $155.8B | — | — | — | — | — | — | — | — | — | 524 |
| MPC | $128.7B | 31.9× | 11.0× | 1.0× | -4.4% | 10.0% | 3.0% | 23.4% | 20.6% | 0.2× | 1,802 |
| VLO | $127.5B | 54.5× | 24.1× | 1.0× | -5.5% | 4.4% | 1.9% | 9.9% | 7.1% | 1.7× | 1,781 |
| BP | $117.0B | — | — | — | — | — | — | — | — | — | 1,220 |
| PSX | $111.3B | 25.4× | — | 0.8× | -7.5% | 12.3% | 3.3% | 15.1% | 14.6% | — | 2,041 |
| EQNR | $110.8B | — | — | — | — | — | — | — | — | — | 398 |
| WMB | $87.7B | 33.6× | 17.8× | 7.3× | 13.8% | — | 21.9% | 20.4% | 6.3% | 4.4× | 1,736 |
| EPD | $84.1B | — | 12.6× | 1.6× | -6.4% | 26.7% | 11.0% | — | — | 3.7× | 1,573 |
| EOG | $79.0B | 15.9× | 7.7× | 3.5× | -4.5% | — | 22.0% | 16.7% | 13.2% | 0.7× | 1,525 |
| SLB | $77.9B | 22.2× | — | 2.2× | -1.6% | — | 9.4% | 12.9% | 9.4% | — | 1,624 |
| ET | $72.5B | — | 9.8× | 0.8× | 3.5% | 25.8% | 5.2% | 9.0% | 3.8% | 4.8× | 1,244 |
| KMI | $69.7B | 22.9× | 14.2× | 4.1× | 12.2% | — | 18.0% | 9.8% | 4.8% | 4.5× | 1,745 |
| TRGP | $61.2B | 33.6× | 16.2× | 3.6× | 3.9% | 38.3% | 11.3% | 62.7% | 9.4% | 3.6× | 979 |
| TS | $60.6B | — | — | — | — | — | — | — | — | — | 248 |
| MPLX | $59.4B | — | — | 4.6× | 8.9% | — | 38.1% | — | — | — | 622 |
| LNG | $59.3B | 11.2× | 7.8× | 3.0× | 27.2% | — | 26.7% | 67.3% | 17.3% | 2.2× | 1,303 |
| OKE | $58.7B | 17.2× | 12.4× | 1.8× | 55.0% | 30.5% | 10.1% | 15.1% | 6.3% | 4.4× | 1,622 |
| OXY | $58.5B | 36.8× | — | 2.7× | -1.9% | — | 11.0% | 6.6% | 4.2% | — | 1,250 |
| BKR | $56.2B | — | — | 2.0× | -0.3% | — | 9.3% | 13.7% | 13.3% | — | 1,095 |
| FANG | $56.0B | 34.4× | 11.2× | 3.7× | 35.8% | — | 11.1% | 4.5% | 3.2% | 2.3× | 1,141 |
| NCSM | $136M | 6.2× | 6.0× | 0.7× | 13.0% | — | 12.9% | 18.8% | 18.8% | — | 39 |
Peers = companies sharing NCSM's sector (Energy) 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.
Is the value real, and is the business safe? Academic scores + earnings quality + solvency, from SEC filings.
4/7 of the 9 checks — 2 couldn't be scored (see above), so the score is out of the 7 with data.
Safe > 2.99 · grey 1.81–2.99 · distress < 1.81
Needs granular two-year detail (receivables, PP&E, D&A, SG&A) — not fully reported.
Cash conversion lags reported earnings — watch accruals. Lower/negative accruals = higher quality (Sloan).
Coverage data unavailable.
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 $21M 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.
Reinvestment has been productive — operating income grew well per dollar put in. Current ROIC on all capital: 19%. 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 $37M covers all $25M of scheduled principal — no refinancing pressure. Scheduled principal only (excludes interest & revolver draws). As of 2017-12-31 (10-K).
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 vs short-term debt unavailable.
Short-term / long-term split not separately reported.
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 2026-09-02
Nothing notable to watch.
No material risks flagged.
Where each multiple sits in its own 9-yr range · 57th pct blended
Dot = today · shaded = middle 50% · line = median. Lower percentile = cheaper vs its own 9-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
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
High operating leverage: profit moved 11.1× as fast as sales — great in an upturn, painful in a downturn.
Each line as % of revenue — the trend in color
| % of revenue | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|
| Cost of Revenue | 47.7 | 52.6 | 58.8 | 59.1 | 61.2 | 61.0 | — | — |
| R&D | 1.7 | 1.4 | 1.8 | 1.8 | 1.7 | 1.8 | 1.2 | 1.1 |
| SG&A | 36.5 | 43.1 | 55.5 | 41.4 | 37.5 | 39.7 | 35.6 | 32.0 |
| Operating Income | -91.1 | -4.6 | -66.8 | -4.3 | -1.4 | -3.9 | 2.7 | 5.7 |
| Income Tax | -10.2 | 5.2 | -7.3 | 0.2 | 0.2 | -0.2 | 0.1 | -5.0 |
| Net Income | -83.9 | -16.0 | -53.8 | -4.0 | -0.7 | -2.2 | 4.1 | 12.9 |
Green = margin-favorable vs the row's own range · red = unfavorable.
The metrics that matter, over time
A 30-second read on NCSM: price, valuation, headline fundamentals, and an auto-generated scorecard from SEC filings. Flags are rule-based signals, not recommendations.
EOD close · as of 2026-09-02 · 16d old
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 | $183.6M 100.0% | $162.6M 100.0% | $142.5M 100.0% | $155.6M 100.0% | $118.5M 100.0% | $107.0M 100.0% | $205.5M 100.0% | $227.0M 100.0% | $201.6M 100.0% | $98.5M 100.0% |
| Cost of Revenue | — | — | $86.9M 61.0% | $95.2M 61.2% | $70.0M 59.1% | $62.9M 58.8% | $108.0M 52.6% | $108.3M 47.7% | $98.8M 49.0% | $53.8M 54.7% |
| Cost of Products | — | — | — | — | — | — | — | $74.9M 33.0% | $76.3M 37.8% | $40.5M 41.1% |
| Cost of Services | — | — | — | — | — | — | — | $33.4M 14.7% | $22.5M 11.2% | $13.3M 13.5% |
| Research & Development | $2.0M 1.1% | $2.0M 1.2% | $2.5M 1.8% | $2.7M 1.7% | $2.1M 1.8% | $1.9M 1.8% | $2.8M 1.4% | $3.8M 1.7% | $3.0M 1.5% | $3.3M 3.4% |
| Selling, General & Admin | $58.8M 32.0% | $57.8M 35.6% | $56.5M 39.7% | $58.3M 37.5% | $49.1M 41.4% | $59.4M 55.5% | $88.6M 43.1% | $82.8M 36.5% | $64.7M 32.1% | $37.1M 37.6% |
| Operating Income | $10.5M 5.7% | $4.3M 2.7% | -$5.5M -3.9% | -$2.3M -1.4% | -$5.1M -4.3% | -$71.4M -66.8% | -$9.5M -4.6% | -$206.7M -91.1% | $5.0M 2.5% | -$18.0M -18.3% |
| Other Income (Expense), net | $6.3M 3.4% | $3.9M 2.4% | $2.2M 1.5% | $1.7M 1.1% | $1.6M 1.4% | $24.6M 22.9% | -$2.6M -1.3% | -$1.6M -0.7% | -$3.0M -1.5% | -$8.8M -8.9% |
| Pretax Income | $16.8M 9.2% | $8.3M 5.1% | -$3.3M -2.3% | -$601K -0.4% | -$3.5M -3.0% | -$46.9M -43.8% | -$12.1M -5.9% | -$208.3M -91.8% | $2.0M 1.0% | -$26.7M -27.2% |
| Income Tax Expense | -$9.2M -5.0% | $116K 0.1% | -$232K -0.2% | $351K 0.2% | $263K 0.2% | -$7.8M -7.3% | $10.8M 5.2% | -$23.1M -10.2% | $670K 0.3% | -$8.8M -9.0% |
| Net Income | $23.7M 12.9% | $6.6M 4.1% | -$3.2M -2.2% | -$1.1M -0.7% | -$4.7M -4.0% | -$57.6M -53.8% | -$32.8M -16.0% | -$190.3M -83.9% | $2.1M 1.0% | -$17.9M -18.2% |
| Per Share | ||||||||||
| EPS (Basic) | $9.17 | $2.60 | $-1.27 | $-0.45 | $-1.98 | $-24.37 | $-14.08 | $-85.00 | $0.05 | $-0.53 |
| EPS (Diluted) | $8.65 | $2.55 | $-1.27 | $-0.45 | $-1.98 | $-24.37 | $-14.08 | $-85.00 | $0.05 | $-0.53 |
| Weighted Avg Shares (Basic) | 2.6M | 2.5M | 2.5M | 2.4M | 2.4M | 2.4M | 2.3M | 2.2M | 40.5M | 34.0M |
| Weighted Avg Shares (Diluted) | 2.7M | 2.6M | 2.5M | 2.4M | 2.4M | 2.4M | 2.3M | 2.2M | 43.6M | 34.0M |
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.