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Held by 458 of 5,944 reporting institutions (96th percentile) — extremely crowded.
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 $318.87 today, the market must believe free cash flow compounds 28.6%/yr for a decade (off $135M normalized FCF).
The market's 28.6% is more conservative than its 8-yr track record.
2-stage DCF · 0.04B shares · net debt -$187M
mean 2124.8% · volatility σ 5541% · implied rate exceeded in 2/5 yrs
Central path = implied 28.6%/yr growth; shaded band = ±1σ (5541%) 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.
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
Is the value real, and is the business safe? Academic scores + earnings quality + solvency, from SEC filings.
6/8 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 + $0 buybacks = $0 returned on $175M 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: 12%. 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.
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 | $1.40B 100.0% | $1.19B 100.0% | $1.06B 100.0% | $847.1M 100.0% | $747.6M 100.0% | $560.4M 100.0% | $547.4M 100.0% | $444.9M 100.0% | $333.8M 100.0% | $263.3M 100.0% |
| Cost of Revenue | $461.2M 32.9% | $439.6M 36.8% | $375.9M 35.5% | $311.9M 36.8% | $272.2M 36.4% | $222.2M 39.7% | $175.4M 32.0% | $152.4M 34.3% | $116.6M 34.9% | $92.5M 35.1% |
| Gross Profit | $942.4M 67.1% | $755.0M 63.2% | $682.6M 64.5% | $535.2M 63.2% | $475.4M 63.6% | $338.2M 60.3% | $372.0M 68.0% | $292.5M 65.7% | $217.1M 65.1% | $170.8M 64.9% |
| Research & Development | — | — | — | — | — | — | — | $36.2M 8.1% | $31.7M 9.5% | $23.9M 9.1% |
| Selling, General & Admin | $663.4M 47.3% | $574.0M 48.0% | $506.5M 47.8% | $449.7M 53.1% | $378.3M 50.6% | $287.1M 51.2% | $272.7M 49.8% | $226.4M 50.9% | $184.3M 55.2% | $148.3M 56.3% |
| Total Operating Expenses | $753.2M 53.7% | $745.7M 62.4% | $609.1M 57.5% | $529.1M 62.5% | $482.9M 64.6% | $377.1M 67.3% | $324.5M 59.3% | $293.4M 65.9% | $216.0M 64.7% | $172.2M 65.4% |
| Operating Income | $189.2M 13.5% | $9.3M 0.8% | $73.6M 6.9% | $6.1M 0.7% | -$7.5M -1.0% | -$38.9M -6.9% | $47.5M 8.7% | -$852K -0.2% | $1.2M 0.3% | -$1.4M -0.5% |
| Interest Expense | $1.3M 0.1% | $1.4M 0.1% | $1.7M 0.2% | $1.7M 0.2% | $1.9M 0.3% | — | — | — | — | — |
| Interest & Investment Income | $16.3M 1.2% | $13.7M 1.1% | $6.8M 0.6% | $1.9M 0.2% | $2.9M 0.4% | — | — | — | — | — |
| Other Income (Expense), net | $15.9M 1.1% | $11.6M 1.0% | $6.1M 0.6% | -$2.2M -0.3% | -$3.0M -0.4% | -$343K -0.1% | -$227K -0.0% | -$504K -0.1% | -$1.3M -0.4% | -$1.8M -0.7% |
| Pretax Income | $205.1M 14.6% | $20.9M 1.7% | $79.7M 7.5% | $3.9M 0.5% | -$10.5M -1.4% | -$38.0M -6.8% | $50.1M 9.2% | $1.6M 0.4% | $2.5M 0.7% | -$869K -0.3% |
| Income Tax Expense | $27.4M 2.0% | $6.9M 0.6% | -$11.3M -1.1% | $5.9M 0.7% | -$13.1M -1.8% | -$18.8M -3.3% | $3.1M 0.6% | -$4.4M -1.0% | -$3.6M -1.1% | -$15.7M -6.0% |
| Net Income | $177.7M 12.7% | $14.0M 1.2% | $91.0M 8.6% | -$2.0M -0.2% | $5.3M 0.7% | -$15.7M -2.8% | $48.5M 8.9% | $6.6M 1.5% | $4.7M 1.4% | $14.8M 5.6% |
| Per Share | ||||||||||
| EPS (Basic) | $4.57 | $0.36 | $2.37 | $-0.05 | $0.14 | $-0.44 | $1.39 | $0.19 | $0.14 | $0.49 |
| EPS (Diluted) | $4.52 | $0.36 | $2.32 | $-0.05 | $0.14 | $-0.44 | $1.34 | $0.18 | $0.13 | $0.44 |
| Weighted Avg Shares (Basic) | 38.9M | 38.6M | 38.4M | 37.8M | 36.8M | 35.8M | 34.8M | 34.1M | 33.0M | 30.5M |
| Weighted Avg Shares (Diluted) | 39.3M | 39.3M | 39.2M | 37.8M | 37.9M | 35.8M | 36.3M | 36.1M | 35.3M | 33.5M |
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.
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 2026-09-17
No material risks flagged.
Where each multiple sits in its own 11-yr range · 30th pct blended
Dot = today · shaded = middle 50% · line = median. Lower percentile = cheaper vs its own 11-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 110.8× 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 | 34.3 | 32.0 | 39.7 | 36.4 | 36.8 | 35.5 | 36.8 | 32.9 |
| Gross Profit | 65.7 | 68.0 | 60.3 | 63.6 | 63.2 | 64.5 | 63.2 | 67.1 |
| R&D | 8.1 | — | — | — | — | — | — | — |
| SG&A | 50.9 | 49.8 | 51.2 | 50.6 | 53.1 | 47.8 | 48.0 | 47.3 |
| Operating Income | -0.2 | 8.7 | -6.9 | -1.0 | 0.7 | 6.9 | 0.8 | 13.5 |
| Income Tax | -1.0 | 0.6 | -3.3 | -1.8 | 0.7 | -1.1 | 0.6 | 2.0 |
| Net Income | 1.5 | 8.9 | -2.8 | 0.7 | -0.2 | 8.6 | 1.2 | 12.7 |
Green = margin-favorable vs the row's own range · red = unfavorable.
The metrics that matter, over time
A 30-second read on PEN: price, valuation, headline fundamentals, and an auto-generated scorecard from SEC filings. Flags are rule-based signals, not recommendations.
Ranked against 1085 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| BCAX | $1.24T | — | — | — | — | — | — | -34.4% | -34.4% | — | 143 |
| LLY | $1.03T | 50.2× | — | 15.9× | 44.7% | 83.0% | 31.7% | 77.8% | 29.9% | — | 4,193 |
| AKTX | $894.1B | — | — | — | — | — | — | -61.1% | -61.1% | — | 1 |
| JNJ | $650.5B | 24.5× | — | 6.9× | 6.0% | 67.9% | 28.5% | 32.9% | 20.7% | — | 4,451 |
| ABBV | $467.1B | 111.9× | 33.4× | 7.6× | 8.6% | 70.2% | 6.9% | -129% | 6.6% | 4.2× | 3,895 |
| MRK | $368.2B | 20.2× | — | 5.7× | 1.3% | 74.8% | 28.1% | 34.7% | 17.9% | — | 3,594 |
| UNH | $339.9B | 28.4× | 19.7× | 0.8× | 11.8% | 88.7% | 2.7% | 12.0% | 6.8% | 3.9× | 2,891 |
| AZN | $257.7B | — | — | — | — | — | — | — | — | — | 1,248 |
| TMO | $248.2B | 37.1× | 31.9× | 5.6× | 3.9% | — | 15.0% | 12.6% | 7.0% | 4.9× | 2,481 |
| AMGN | $204.6B | 26.7× | 17.6× | 5.6× | 10.0% | 67.2% | 21.0% | 89.1% | 12.2% | 3.8× | 3,014 |
| GILD | $187.3B | 22.3× | 20.4× | 6.4× | 2.4% | 78.8% | 28.9% | 37.5% | 17.9% | 2.4× | 2,218 |
| ABT | $178.0B | 27.5× | 19.2× | 4.0× | 5.7% | 56.4% | 14.7% | 12.5% | 10.0% | 1.4× | 2,964 |
| PFE | $157.1B | 20.3× | — | 2.5× | -1.6% | 74.3% | 12.4% | 9.0% | 5.1% | — | 2,838 |
| DHR | $150.2B | 42.1× | 31.0× | 6.1× | 2.9% | 59.1% | 14.7% | 6.9% | 5.1% | 3.4× | 2,083 |
| ISRG | $136.2B | 48.7× | 37.5× | 13.5× | 20.5% | 66.0% | 28.4% | 16.0% | 16.0% | — | 2,190 |
| VRTX | $131.1B | 33.7× | 28.8× | 10.9× | 8.9% | 86.2% | 32.9% | 21.2% | 21.2% | — | 1,609 |
| BMY | $127.8B | 18.2× | — | 2.6× | -0.2% | 71.1% | 14.6% | 38.2% | 11.1% | — | 2,431 |
| MDT | $118.8B | 24.9× | 12.6× | 3.3× | 8.4% | 65.0% | 13.2% | 9.7% | 9.4% | 0.2× | 2,114 |
| CVS | $114.7B | 64.9× | 11.5× | 0.3× | 7.8% | 45.0% | 0.4% | 2.4% | 2.4% | 0.0× | 1,795 |
| SYK | $107.1B | 33.4× | 18.4× | 4.3× | 11.2% | 64.0% | 12.9% | 14.5% | 8.5% | 2.5× | 2,196 |
| MCK | $102.5B | 22.9× | 16.2× | 0.3× | 12.4% | 3.6% | 1.2% | -219% | 109% | 1.0× | 1,946 |
| HCA | $96.4B | 15.1× | — | 1.3× | 7.1% | — | 9.0% | -113% | 16.8% | — | 1,346 |
| ELV | $91.4B | 16.4× | 15.5× | 0.5× | 12.5% | 89.4% | 2.8% | 12.9% | 7.6% | 4.2× | 1,397 |
| REGN | $82.6B | 19.0× | 19.8× | 5.8× | 1.0% | — | 31.4% | 14.4% | 13.6% | 0.5× | 1,336 |
| CI | $72.7B | 12.4× | 5.5× | 0.3× | 11.2% | 21.8% | 2.2% | 14.3% | 14.1% | 0.0× | 1,583 |
| PEN | $12.5B | 70.5× | 59.6× | 8.9× | 17.5% | 67.1% | 12.7% | 12.4% | 12.4% | — | 458 |
Peers = companies sharing PEN's sector (Healthcare) 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.