Loading institutional data...
Loading institutional data...
Institutional distribution: ownership decreased -0.76% quarter-over-quarter.
Data as of Q1 2026
Loading snapshot...
Loading financials...
Loading valuation...
Loading quality & risk...
Loading dividends & returns...
Loading capital allocation...
Loading debt & leverage...
Loading performance...
Loading peer comparison...
Loading ownership map...
Loading crowding analysis...
Loading conviction analysis...
Loading buy/sell flow...
Loading ownership trends...
Loading top holders...
Loading top holders...
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.
How management deployed cash over 6 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: -398%. Rough measure (includes maintenance capex).
Cash uses aggregated from the SEC cash-flow statement over 6 fiscal years. "Return on reinvestment" is a rough proxy — operating-income change ÷ cumulative CapEx + M&A — and includes maintenance capex. Educational — not a recommendation.
EOD close · as of 2026-08-04 · 45d 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 |
|---|---|---|---|---|---|---|
| Revenue | $8.4M 100.0% | $0 | $0 | — | — | — |
| Research & Development | $5.9M 70.9% | $6.5M | $6.6M | $4.3M | $3.7M | $648K |
| Selling, General & Admin | $59.5M 711.9% | $53.1M | $55.3M | $53.2M | $57.6M | $28.0M |
| Total Operating Expenses | $189.8M 2271.6% | $145.4M | $113.9M | $81.3M | $69.6M | $37.2M |
| Operating Income | -$181.4M -2171.6% | -$145.4M | -$113.9M | — | — | — |
| Interest Expense | $64.4M 771.3% | $56.9M | $31.4M | $2.3M | $7.5M | $4.1M |
| Interest & Investment Income | $5.9M 70.1% | $5.2M | $10.9M | $5.0M | $821K | — |
| Other Income (Expense), net | -$159K -1.9% | -$143.8M | $12.8M | -$3.4M | -$7.9M | -$15.8M |
| Pretax Income | -$181.6M -2173.5% | -$289.2M | -$101.1M | -$84.7M | -$77.5M | -$53.0M |
| Income Tax Expense | $970K 11.6% | -$79K | $650K | $0 | $0 | $0 |
| Net Income | -$182.6M -2185.1% | -$289.1M | -$101.7M | -$84.7M | -$77.5M | -$53.0M |
| Per Share | ||||||
| EPS (Basic) | $-1.08 | $-1.75 | $-0.62 | $-0.54 | $-0.75 | $-1.96 |
| EPS (Diluted) | $-1.21 | $-1.75 | $-0.63 | $-0.55 | $-0.79 | $-1.96 |
| Weighted Avg Shares (Basic) | 179.3M | 165.4M | 163.9M | 156.0M | 102.9M | 28.7M |
| Weighted Avg Shares (Diluted) | 180.4M | 165.4M | 164.0M | 156.2M | 103.0M | 28.7M |
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.
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.
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 data unavailable. Lower/negative accruals = higher quality (Sloan).
Interest coverage is thin — monitor.
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 + $5M buybacks = $5M returned on -$184M 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.
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.
EOD close · as of 2026-08-04
No standout strengths flagged.
Nothing notable to watch.
Where each multiple sits in its own 6-yr range · 100th 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
Operating leverage needs meaningful revenue change.
Each line as % of revenue — the trend in color
| % of revenue | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|
| R&D | — | — | — | — | — | 70.9 |
| SG&A | — | — | — | — | — | 711.9 |
| Operating Income | — | — | — | — | — | -2171.6 |
| Income Tax | — | — | — | — | — | 11.6 |
| Net Income | — | — | — | — | — | -2185.1 |
Green = margin-favorable vs the row's own range · red = unfavorable.
The metrics that matter, over time
A 30-second read on PCTTW: price, valuation, headline fundamentals, and an auto-generated scorecard from SEC filings. Flags are rule-based signals, not recommendations.
How much the company owes, how it's trended, and how comfortably it's serviced.
Cash of $157M covers the $0 due within a year 156694000.0× over. Scheduled principal only (excludes interest & revolver draws). As of 2022-12-31 (10-K).
Insufficient EBITDA/debt history.
Green ≤ 1.5× · amber ≤ 3× · red > 3× (leverage relative to cash earnings).
Thin coverage — earnings barely cover interest.
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.
Top 12 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