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Held by 1,845 of 5,944 reporting institutions (100th 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 $943.54 today, the market must believe free cash flow compounds 18.2%/yr for a decade (off $3.0B normalized FCF).
The market's 18.2% is more optimistic than its 9-yr track record.
2-stage DCF · 0.13B shares · net debt $7.0B
mean 14.0% · volatility σ 10% · implied rate exceeded in 3/9 yrs
Central path = implied 18.2%/yr growth; shaded band = ±1σ (10%) 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.
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 lags reported earnings — watch accruals. Lower/negative accruals = higher quality (Sloan).
Comfortably covers interest; leverage falling 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.
The dividend is comfortably covered — only 26% of free cash flow, leaving room to grow it and fund buybacks. Last year: $861M dividends + $1.8B buybacks = $2.6B returned on $3.3B FCF.
9 consecutive years of dividend increases · 11%/yr.
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.
Modest payoff on reinvested capital. Current ROIC on all capital: 17%. 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 $467M covers the $7M due within a year 66.7× over. Scheduled principal only (excludes interest & revolver draws). As of 2025-06-30 (10-K).
Green ≤ 1.5× · amber ≤ 3× · red > 3× (leverage relative to cash earnings).
Interest is easily covered by operating profit. Effective rate ~5.4% on $7.5B of debt.
Cash of $467M fully covers short-term debt of $7M.
Mostly long-term debt (balance-sheet current vs non-current split). See the maturity ladder above for the year-by-year repayment schedule.
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 2026-09-18
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 | $19.85B 100.0% | $19.93B 100.0% | $19.07B 100.0% | $15.86B 100.0% | $14.35B 100.0% | $13.70B 100.0% | $14.32B 100.0% | $14.30B 100.0% | $12.03B 100.0% | $11.36B 100.0% |
| Cost of Revenue | $12.54B 63.1% | $12.80B 64.2% | $12.64B 66.3% | $10.55B 66.5% | $9.60B 66.9% | $10.29B 75.2% | $10.69B 74.6% | $10.74B 75.1% | $9.12B 75.8% | $8.82B 77.7% |
| Gross Profit | — | — | — | — | — | — | — | — | $2.84B 23.6% | $2.54B 22.3% |
| Research & Development | $240.0M 1.2% | $253.0M 1.3% | $258.0M 1.4% | $191.0M 1.2% | $205.0M 1.4% | $237.0M 1.7% | $294.9M 2.1% | $327.9M 2.3% | $336.7M 2.8% | $359.8M 3.2% |
| Selling, General & Admin | $3.25B 16.4% | $3.31B 16.6% | $3.35B 17.6% | $2.50B 15.8% | $2.38B 16.6% | $1.66B 12.1% | $1.54B 10.8% | $1.64B 11.5% | $1.41B 11.7% | $1.36B 12.0% |
| Operating Income | $4.35B 21.9% | $4.07B 20.4% | $3.40B 17.9% | $2.98B 18.8% | $2.46B 17.1% | $1.97B 14.4% | $2.24B 15.6% | $2.04B 14.3% | $1.79B 14.9% | $1.58B 13.9% |
| Interest Expense | $409.0M 2.1% | $506.0M 2.5% | $573.9M 3.0% | $255.3M 1.6% | $250.0M 1.7% | $308.2M 2.3% | $190.1M 1.3% | $213.9M 1.5% | $162.4M 1.4% | $136.5M 1.2% |
| Other Income (Expense), net | $169.0M 0.9% | $32.0M 0.2% | -$150.0M -0.8% | -$1.11B -7.0% | $37.1M 0.3% | -$151.7M -1.1% | -$96.6M -0.7% | -$122.1M -0.9% | -$49.6M -0.4% | $62.2M 0.5% |
| Pretax Income | $4.11B 20.7% | $3.60B 18.0% | $2.68B 14.1% | $1.61B 10.2% | $2.25B 15.7% | $1.51B 11.0% | $1.95B 13.6% | $1.70B 11.9% | $1.33B 11.0% | $1.11B 9.8% |
| Income Tax Expense | $575.0M 2.9% | $750.0M 3.8% | $596.0M 3.1% | $298.0M 1.9% | $500.1M 3.5% | $304.5M 2.2% | $424.4M 3.0% | $641.0M 4.5% | $344.8M 2.9% | $307.5M 2.7% |
| Net Income | $3.53B 17.8% | $2.84B 14.3% | $2.08B 10.9% | $1.32B 8.3% | $1.75B 12.2% | $1.20B 8.8% | $1.52B 10.6% | $1.06B 7.4% | $983.4M 8.2% | $806.8M 7.1% |
| Per Share | ||||||||||
| EPS (Basic) | $27.52 | $22.13 | $16.23 | $10.24 | $13.54 | $9.36 | $11.73 | $7.98 | $7.37 | $5.96 |
| EPS (Diluted) | $27.12 | $21.84 | $16.04 | $10.09 | $13.35 | $9.26 | $11.57 | $7.83 | $7.25 | $5.89 |
| Weighted Avg Shares (Basic) | 128.3M | 128.5M | 128.4M | 128.5M | 129.0M | 128.4M | 130.0M | 133.0M | 133.4M | 135.4M |
| Weighted Avg Shares (Diluted) | 130.2M | 130.2M | 129.9M | 130.4M | 130.8M | 129.8M | 131.8M | 135.4M | 135.6M | 136.9M |
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.
Ranked against 651 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| LTM | $29.37T | — | — | — | — | — | — | — | — | — | 160 |
| CAT | $376.4B | 43.0× | 30.0× | 5.6× | 4.3% | 33.8% | 13.1% | 41.7% | 15.4% | 2.7× | 3,616 |
| GE | $329.6B | 38.6× | — | 7.2× | 18.5% | — | 19.0% | 46.6% | 22.2% | — | 3,077 |
| RTX | $260.4B | 39.1× | 18.5× | 2.9× | 9.7% | — | 7.6% | 10.3% | 10.3% | 0.0× | 3,277 |
| BA | $200.6B | 79.9× | 40.4× | 2.2× | 34.5% | 4.8% | 2.5% | 41.0% | 3.3% | 10.0× | 2,435 |
| DE | $185.0B | 37.0× | — | 4.0× | -11.7% | — | 11.0% | 19.4% | 12.6% | — | 2,491 |
| ABBNY | $179.9B | 48.6× | 32.1× | 5.6× | 9.5% | 34.8% | 11.9% | 28.5% | 20.4% | 0.9× | 48 |
| UNP | $165.7B | 23.3× | 15.9× | 6.8× | 1.1% | — | 29.1% | 38.7% | 14.2% | 2.6× | 2,648 |
| ETN | $164.8B | 40.6× | — | 6.0× | 10.3% | 37.6% | 14.9% | 21.0% | 13.9% | — | 2,398 |
| HON | $131.2B | 28.1× | 16.1× | 3.5× | 7.8% | 36.9% | 12.6% | 34.0% | 9.8% | 3.6× | 2,694 |
| LMT | $122.1B | 24.8× | 16.0× | 1.6× | 5.6% | 10.2% | 6.7% | 74.6% | 17.7% | 2.5× | 2,807 |
| PH | $121.1B | 34.8× | 27.3× | 6.1× | -0.4% | 36.9% | 17.8% | 25.8% | 16.7% | 1.6× | 1,845 |
| ADP | $107.9B | 24.8× | — | 4.9× | 6.7% | 46.4% | 20.1% | 73.2% | 40.1% | — | 2,179 |
| TT | $95.7B | 33.1× | 23.6× | 4.5× | 7.5% | — | 13.7% | 34.0% | 22.1% | 1.1× | 1,658 |
| GD | $95.5B | 22.9× | 16.8× | 1.8× | 10.1% | — | 8.0% | 16.4% | 12.5% | 1.3× | 2,123 |
| VRT | $95.4B | 73.1× | 45.2× | 9.3× | 27.7% | 36.3% | 13.0% | 33.8% | 19.4% | 1.4× | 1,748 |
| PWR | $95.2B | 93.6× | 47.2× | 3.3× | 20.3% | 15.0% | 3.6% | 11.5% | 10.6% | 0.4× | 1,659 |
| JCI | $93.4B | 28.5× | — | 4.0× | 2.8% | 36.4% | 13.9% | 25.5% | 14.4% | — | 1,487 |
| HWM | $92.2B | 61.9× | 40.6× | 11.2× | 11.1% | — | 18.3% | 28.2% | 17.9% | 1.3× | 1,399 |
| MMM | $88.0B | 27.6× | 16.9× | 3.5× | 1.5% | 39.9% | 13.0% | 69.1% | 18.8% | 2.1× | 2,051 |
| CSX | $87.6B | 30.6× | 14.1× | 6.2× | -3.1% | — | 20.5% | 22.0% | 22.0% | — | 1,791 |
| WM | $85.1B | 31.5× | 11.9× | 3.4× | 14.2% | 40.4% | 10.7% | 27.1% | 25.3% | 0.1× | 2,262 |
| EMR | $84.4B | 37.1× | — | 4.7× | 3.0% | 52.8% | 12.7% | 11.3% | 6.9% | — | 2,112 |
| UPS | $84.1B | 15.1× | 9.4× | 0.9× | -2.6% | — | 6.3% | 34.3% | 13.8% | 2.2× | 2,025 |
| CTAS | $79.6B | 44.9× | 28.7× | 7.7× | 7.7% | 50.0% | 17.5% | 38.7% | 25.5% | 0.8× | 1,366 |
Peers = companies sharing PH's sector (Industrials) 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.
EOD close · as of 2026-09-18
Nothing notable to watch.
No material risks flagged.
Where each multiple sits in its own 14-yr range · 100th 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
Operating leverage needs meaningful revenue change.
Each line as % of revenue — the trend in color
| % of revenue | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|
| Cost of Revenue | 75.1 | 74.6 | 75.2 | 66.9 | 66.5 | 66.3 | 64.2 | 63.1 |
| R&D | 2.3 | 2.1 | 1.7 | 1.4 | 1.2 | 1.4 | 1.3 | 1.2 |
| SG&A | 11.5 | 10.8 | 12.1 | 16.6 | 15.8 | 17.6 | 16.6 | 16.4 |
| Operating Income | 14.3 | 15.6 | 14.4 | 17.1 | 18.8 | 17.9 | 20.4 | 21.9 |
| Income Tax | 4.5 | 3.0 | 2.2 | 3.5 | 1.9 | 3.1 | 3.8 | 2.9 |
| Net Income | 7.4 | 10.6 | 8.8 | 12.2 | 8.3 | 10.9 | 14.3 | 17.8 |
Green = margin-favorable vs the row's own range · red = unfavorable.
The metrics that matter, over time
A 30-second read on PH: price, valuation, headline fundamentals, and an auto-generated scorecard from SEC filings. Flags are rule-based signals, not recommendations.