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Held by 313 of 5,944 reporting institutions (95th 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 $348.07 today, the market must believe free cash flow compounds 22.7%/yr for a decade (off $181M normalized FCF).
The market's 22.7% is more optimistic than its 8-yr track record.
2-stage DCF · 0.03B shares · net debt -$214M
mean 40.3% · volatility σ 86% · implied rate exceeded in 3/8 yrs
Central path = implied 22.7%/yr growth; shaded band = ±1σ (86%) 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 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.
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 | $880.6M 100.0% | $672.4M 100.0% | $517.9M 100.0% | $570.7M 100.0% | $416.1M 100.0% | $269.4M 100.0% | $224.9M 100.0% | $251.1M 100.0% | $222.0M 100.0% | $163.9M 100.0% |
| Cost of Revenue | $375.4M 42.6% | $285.3M 42.4% | $224.7M 43.4% | $253.8M 44.5% | $180.7M 43.4% | $118.2M 43.9% | $103.1M 45.8% | $105.9M 42.2% | $90.8M 40.9% | $88.6M 54.1% |
| Cost of Products | — | — | — | — | — | — | — | — | $62.2M 28.0% | $50.4M 30.7% |
| Cost of Services | — | — | — | — | — | — | — | — | $28.6M 12.9% | $25.4M 15.5% |
| Gross Profit | $505.2M 57.4% | $387.1M 57.6% | $293.2M 56.6% | $317.0M 55.5% | $235.4M 56.6% | $151.2M 56.1% | $121.8M 54.2% | $145.2M 57.8% | $131.2M 59.1% | $75.3M 45.9% |
| Research & Development | $143.4M 16.3% | $110.3M 16.4% | $88.0M 17.0% | $90.5M 15.8% | $65.9M 15.8% | $53.0M 19.7% | $44.5M 19.8% | $45.5M 18.1% | $39.0M 17.5% | $35.0M 21.4% |
| Selling, General & Admin | $26.1M 3.0% | $24.2M 3.6% | $20.4M 3.9% | $23.9M 4.2% | $17.3M 4.2% | $12.5M 4.6% | $10.1M 4.5% | $8.7M 3.5% | $8.1M 3.6% | $6.8M 4.2% |
| Total Operating Expenses | $251.7M 28.6% | $199.5M 29.7% | $160.9M 31.1% | $167.0M 29.3% | $123.1M 29.6% | $95.6M 35.5% | $85.4M 38.0% | $84.8M 33.8% | $73.4M 33.0% | $65.1M 39.7% |
| Operating Income | $253.5M 28.8% | $187.5M 27.9% | $132.3M 25.5% | $149.9M 26.3% | $112.4M 27.0% | $55.6M 20.6% | $36.4M 16.2% | $60.4M 24.1% | $57.8M 26.0% | $10.2M 6.2% |
| Interest Expense | $2.0M 0.2% | $1.3M 0.2% | $1.3M 0.2% | $1.3M 0.2% | $4.2M 1.0% | $868K 0.3% | $0 0.0% | — | — | — |
| Interest & Investment Income | — | — | — | — | — | — | $3.1M 1.4% | $3.0M 1.2% | $2.3M 1.0% | $1.2M 0.7% |
| Pretax Income | $303.3M 34.4% | $216.3M 32.2% | $154.7M 29.9% | $158.4M 27.8% | $109.3M 26.3% | $56.5M 21.0% | $39.5M 17.6% | $63.4M 25.3% | $60.1M 27.1% | $11.4M 6.9% |
| Income Tax Expense | $44.1M 5.0% | $32.5M 4.8% | $18.4M 3.6% | $18.2M 3.2% | $16.2M 3.9% | $8.6M 3.2% | $4.3M 1.9% | $9.1M 3.6% | $13.6M 6.1% | $1.7M 1.1% |
| Net Income | $259.2M 29.4% | $183.8M 27.3% | $136.3M 26.3% | $140.2M 24.6% | $93.1M 22.4% | $47.9M 17.8% | $35.2M 15.6% | $54.4M 21.7% | $46.5M 20.9% | $9.6M 5.9% |
| Per Share | ||||||||||
| EPS (Basic) | $8.61 | $6.31 | $4.73 | $4.89 | $3.28 | $1.71 | $1.26 | $1.94 | $1.68 | $0.35 |
| EPS (Diluted) | $7.96 | $5.75 | $4.28 | $4.43 | $3.12 | $1.65 | $1.23 | $1.89 | $1.63 | $0.35 |
| Weighted Avg Shares (Basic) | 30K | 29K | 29K | 29K | 28K | 28.1M | 27.9M | 28.0M | 27.7M | 27.2M |
| Weighted Avg Shares (Diluted) | 33K | 32K | 32K | 32K | 30K | 28.9M | 28.6M | 28.8M | 28.5M | 27.5M |
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.
3/8 of the 9 checks — 1 couldn't be scored (see above), so the score is out of the 8 with data.
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.
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 + $35M buybacks = $35M returned on $218M 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: 20%. 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.
Insufficient EBITDA/debt history.
Green ≤ 1.5× · amber ≤ 3× · red > 3× (leverage relative to cash earnings).
Interest is easily covered by operating profit.
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. Educational — not a recommendation.
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
No material risks flagged.
Where each multiple sits in its own 14-yr range · 96th 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
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 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|
| Cost of Revenue | 42.2 | 45.8 | 43.9 | 43.4 | 44.5 | 43.4 | 42.4 | 42.6 |
| Gross Profit | 57.8 | 54.2 | 56.1 | 56.6 | 55.5 | 56.6 | 57.6 | 57.4 |
| R&D | 18.1 | 19.8 | 19.7 | 15.8 | 15.8 | 17.0 | 16.4 | 16.3 |
| SG&A | 3.5 | 4.5 | 4.6 | 4.2 | 4.2 | 3.9 | 3.6 | 3.0 |
| Operating Income | 24.1 | 16.2 | 20.6 | 27.0 | 26.3 | 25.5 | 27.9 | 28.8 |
| Income Tax | 3.6 | 1.9 | 3.2 | 3.9 | 3.2 | 3.6 | 4.8 | 5.0 |
| Net Income | 21.7 | 15.6 | 17.8 | 22.4 | 24.6 | 26.3 | 27.3 | 29.4 |
Green = margin-favorable vs the row's own range · red = unfavorable.
The metrics that matter, over time
A 30-second read on NVMI: 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 | $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 |
| NVMI | $10.8B | 42.6× | 39.6× | 12.2× | 31.0% | 57.4% | 29.4% | 19.7% | 19.7% | — | 313 |
Peers = companies sharing NVMI'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.