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Held by 277 of 5,944 reporting institutions (94th 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.
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
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.
Operating income fell despite reinvestment — a warning on capital productivity. Current ROIC on all capital: -2%. 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 $48M covers all $24M of scheduled principal — no refinancing pressure. Scheduled principal only (excludes interest & revolver draws). As of 2018-09-30 (10-Q).
Green ≤ 1.5× · amber ≤ 3× · red > 3× (leverage relative to cash earnings).
Thin coverage — earnings barely cover interest. Effective rate ~1.6% on $281M of debt.
Cash of $48M is below short-term debt of $97M — relies on refinancing/operations.
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 | $361.1M 100.0% | $366.1M 100.0% | $307.5M 100.0% | $257.8M 100.0% | $190.3M 100.0% | $138.9M 100.0% | $152.8M 100.0% | $122.6M 100.0% | $125.3M 100.0% | $112.3M 100.0% |
| Cost of Revenue | $171.4M 47.5% | $177.2M 48.4% | $155.6M 50.6% | $119.9M 46.5% | $91.3M 48.0% | $73.8M 53.1% | $78.8M 51.6% | $64.4M 52.5% | $60.4M 48.2% | $52.8M 47.1% |
| Cost of Products | — | — | — | — | — | — | — | — | — | $52.6M 46.9% |
| Cost of Services | — | — | — | — | — | — | — | — | — | $220K 0.2% |
| Gross Profit | $189.7M 52.5% | $188.9M 51.6% | $152.0M 49.4% | $137.9M 53.5% | $99.0M 52.0% | $65.1M 46.9% | $74.0M 48.4% | $58.3M 47.5% | $64.9M 51.8% | $59.5M 52.9% |
| Research & Development | $102.6M 28.4% | $98.8M 27.0% | $88.6M 28.8% | $74.1M 28.7% | $64.1M 33.7% | $48.6M 35.0% | $38.9M 25.4% | $34.2M 27.9% | $32.2M 25.7% | $25.2M 22.4% |
| Selling, General & Admin | $49.2M 13.6% | $51.8M 14.2% | $60.8M 19.8% | $45.5M 17.6% | $36.1M 19.0% | $35.0M 25.2% | $24.1M 15.8% | $22.3M 18.2% | $18.2M 14.5% | $12.4M 11.1% |
| Total Operating Expenses | $190.4M 52.7% | $195.9M 53.5% | $195.5M 63.6% | $157.4M 61.0% | $136.2M 71.6% | $112.2M 80.8% | $95.7M 62.6% | $93.2M 76.0% | $82.0M 65.4% | $59.9M 53.4% |
| Operating Income | -$737K -0.2% | -$7.1M -1.9% | -$43.5M -14.1% | -$19.5M -7.6% | -$37.2M -19.6% | -$47.1M -33.9% | -$21.7M -14.2% | -$34.9M -28.4% | -$17.0M -13.6% | -$488K -0.4% |
| Interest Expense | $4.4M 1.2% | $4.9M 1.3% | $4.8M 1.6% | $4.9M 1.9% | $2.5M 1.3% | $5.4M 3.9% | $1.8M 1.2% | $1.4M 1.1% | $908K 0.7% | $1.6M 1.5% |
| Other Income (Expense), net | $9.2M 2.6% | $7.9M 2.2% | $4.6M 1.5% | $2.5M 1.0% | $25K 0.0% | $650K 0.5% | $1.2M 0.8% | $808K 0.7% | $508K 0.4% | $616K 0.5% |
| Pretax Income | -$10.9M -3.0% | $41.0M 11.2% | -$43.7M -14.2% | -$24.1M -9.4% | -$51.1M -26.9% | -$51.8M -37.3% | -$22.8M -14.9% | -$35.5M -28.9% | -$17.4M -13.9% | -$1.5M -1.3% |
| Income Tax Expense | -$69K -0.0% | $157K 0.0% | -$322K -0.1% | $184K 0.1% | $153K 0.1% | $89K 0.1% | $198K 0.1% | -$233K -0.2% | -$97K -0.1% | $168K 0.1% |
| Net Income | -$10.8M -3.0% | $40.8M 11.1% | -$43.4M -14.1% | -$24.3M -9.4% | -$51.3M -27.0% | -$51.9M -37.4% | -$23.0M -15.0% | -$35.2M -28.7% | -$17.3M -13.8% | -$1.7M -1.5% |
| Per Share | ||||||||||
| EPS (Basic) | $-0.37 | $1.46 | $-1.62 | $-0.95 | $-2.12 | $-2.28 | — | — | — | — |
| EPS (Diluted) | $-0.37 | $1.39 | $-1.62 | $-0.95 | $-2.12 | $-2.28 | — | — | — | — |
| Weighted Avg Shares (Basic) | 29.3M | 28.0M | 26.8M | 25.5M | 24.2M | 22.8M | — | — | — | — |
| Weighted Avg Shares (Diluted) | 29.3M | 29.5M | 26.8M | 25.5M | 24.2M | 22.8M | — | — | — | — |
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.
To be worth $181.23 today, the market must believe free cash flow compounds 25.4%/yr for a decade (off $79M normalized FCF).
The market's 25.4% is more conservative than its 6-yr track record.
2-stage DCF · 0.03B shares · net debt $233M
mean -517.1% · volatility σ 648% · implied rate exceeded in 0/2 yrs
Central path = implied 25.4%/yr growth; shaded band = ±1σ (648%) 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 data unavailable. Lower/negative accruals = higher quality (Sloan).
Interest coverage is thin — monitor; 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.
No dividend to cover. Last year: $0 dividends + $0 buybacks = $0 returned on $46M 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 2026-09-18
Where each multiple sits in its own 10-yr range · 78th pct blended
Dot = today · shaded = middle 50% · line = median. Lower percentile = cheaper vs its own 10-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
High operating leverage: profit moved 65.4× 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 | 52.5 | 51.6 | 53.1 | 48.0 | 46.5 | 50.6 | 48.4 | 47.5 |
| Gross Profit | 47.5 | 48.4 | 46.9 | 52.0 | 53.5 | 49.4 | 51.6 | 52.5 |
| R&D | 27.9 | 25.4 | 35.0 | 33.7 | 28.7 | 28.8 | 27.0 | 28.4 |
| SG&A | 18.2 | 15.8 | 25.2 | 19.0 | 17.6 | 19.8 | 14.2 | 13.6 |
| Operating Income | -28.4 | -14.2 | -33.9 | -19.6 | -7.6 | -14.1 | -1.9 | -0.2 |
| Income Tax | -0.2 | 0.1 | 0.1 | 0.1 | 0.1 | -0.1 | 0.0 | -0.0 |
| Net Income | -28.7 | -15.0 | -37.4 | -27.0 | -9.4 | -14.1 | 11.1 | -3.0 |
Green = margin-favorable vs the row's own range · red = unfavorable.
The metrics that matter, over time
A 30-second read on PI: price, valuation, headline fundamentals, and an auto-generated scorecard from SEC filings. Flags are rule-based signals, not recommendations.
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 | $11.27T | — | — | — | — | — | — | — | — | — | 3,121 |
| NVDA | $5.40T | 45.4× | 40.5× | 25.0× | 65.5% | 71.1% | 55.6% | 76.3% | 72.4% | 0.1× | 5,582 |
| AAPL | $4.97T | 45.1× | 34.7× | 11.9× | 6.4% | 46.9% | 26.9% | 152% | 68.1% | 0.6× | 5,858 |
| MSFT | $3.67T | 27.5× | 19.4× | 11.1× | 17.8% | 67.9% | 40.3% | 30.2% | 27.7% | 0.2× | 5,944 |
| AVGO | $1.70T | 75.0× | 66.9× | 26.5× | 23.9% | 67.8% | 36.2% | 28.4% | 15.8% | 2.5× | 4,442 |
| MU | $1.14T | 133.8× | 63.0× | 30.5× | 48.9% | 39.8% | 22.8% | 15.8% | 12.9% | 0.7× | 2,894 |
| AMD | $912.5B | 211.3× | 215.9× | 26.3× | 34.3% | 49.5% | 12.5% | 6.9% | 6.5% | 0.8× | 3,059 |
| INTC | $542.3B | — | 67.3× | 10.3× | -0.5% | 34.8% | -0.5% | -0.2% | -0.2% | 5.5× | 2,495 |
| CSCO | $433.7B | 43.0× | 36.4× | 7.7× | 5.3% | 64.9% | 18.0% | 21.7% | 13.6% | 2.3× | 3,560 |
| PLTR | $424.8B | 282.0× | 294.0× | 94.9× | 56.2% | 82.4% | 36.3% | 22.0% | 22.0% | — | 2,883 |
| DELL | $370.4B | 65.4× | 34.9× | 3.3× | 18.8% | 20.0% | 5.2% | -240% | 20.4% | 2.8× | 1,564 |
| LRCX | $365.5B | 69.4× | 58.4× | 19.8× | 23.7% | 48.7% | 29.1% | 54.3% | 37.4% | 0.7× | 2,500 |
| AMAT | $352.5B | 51.3× | 40.5× | 12.4× | 4.4% | 48.7% | 24.7% | 34.3% | 25.9% | 0.8× | 2,826 |
| RPAY | $340.5B | — | — | 1101.1× | -1.2% | 75.0% | -83.0% | -53.0% | -28.2% | -1.7× | 142 |
| UMC | $309.1B | — | — | — | — | — | — | — | — | — | 302 |
| ARM | $293.3B | 324.3× | 252.8× | 59.6× | 22.8% | 97.5% | 18.4% | 10.9% | 10.9% | — | 730 |
| SNDK | $261.6B | — | — | 35.6× | 10.4% | 30.1% | -22.3% | -17.8% | -14.8% | -1.5× | 1,127 |
| SAP | $257.3B | — | — | — | — | — | — | — | — | — | 794 |
| ANET | $250.5B | 72.5× | 63.3× | 27.8× | 28.6% | 64.1% | 39.0% | 28.4% | 28.4% | — | 1,930 |
| PANW | $242.9B | 227.2× | 151.7× | 26.3× | 14.9% | 73.4% | 12.3% | 14.5% | 14.5% | — | 2,374 |
| TXN | $242.4B | 48.9× | 31.9× | 13.7× | 13.0% | 57.0% | 28.3% | 30.7% | 16.5% | 1.8× | 2,345 |
| CRM | $221.0B | 30.5× | 23.9× | 5.3× | 9.6% | 77.7% | 18.0% | 12.6% | 10.1% | 1.5× | 2,547 |
| IBM | $215.1B | 20.6× | — | 3.2× | 7.6% | 58.2% | 15.7% | 32.4% | 11.3% | — | 3,351 |
| MRVL | $207.0B | 79.6× | 135.2× | 25.3× | 42.1% | 51.0% | 32.6% | 18.7% | 14.2% | 2.9× | 1,477 |
| QCOM | $190.9B | 35.5× | 14.3× | 4.3× | 13.7% | 55.4% | 12.5% | 26.1% | 15.4% | 1.1× | 2,611 |
| PI | $5.5B | — | 399.2× | 15.2× | -1.4% | 52.5% | -3.0% | -5.2% | -2.2% | 19.6× | 277 |
Peers = companies sharing PI'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.