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Held by 665 of 5,944 reporting institutions (98th 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 $154.08 today, the market must believe free cash flow compounds 25.6%/yr for a decade (off $288M normalized FCF).
The market's 25.6% is more conservative than its 8-yr track record.
2-stage DCF · 0.15B shares · net debt -$1.6B
mean 7.6% · volatility σ 155% · implied rate exceeded in 2/5 yrs
Central path = implied 25.6%/yr growth; shaded band = ±1σ (155%) 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.
Earnings are backed by cash (FCF ≥ net income) — high quality. 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 + $150M buybacks = $150M returned on $478M 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.
Modest payoff on reinvested capital. Current ROIC on all capital: 3%. 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.
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. 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 | $4.74B 100.0% | $4.11B 100.0% | $3.48B 100.0% | $3.13B 100.0% | $2.76B 100.0% | $1.78B 100.0% | $1.13B 100.0% | $742.5M 100.0% | $512.8M 100.0% | $398.6M 100.0% |
| Cost of Revenue | $2.66B 56.2% | $2.31B 56.1% | $1.96B 56.3% | $1.69B 53.9% | $1.36B 49.0% | $970.2M 54.6% | $633.7M 56.1% | $410.4M 55.3% | $312.9M 61.0% | $277.6M 69.6% |
| Gross Profit | $2.07B 43.8% | $1.81B 43.9% | $1.52B 43.7% | $1.44B 46.1% | $1.41B 51.0% | $808.2M 45.4% | $495.2M 43.9% | $332.1M 44.7% | $199.8M 39.0% | $121.0M 30.4% |
| Research & Development | $729.5M 15.4% | $720.1M 17.5% | $878.5M 25.2% | $788.9M 25.2% | $461.6M 16.7% | $355.8M 20.0% | $265.0M 23.5% | $170.7M 23.0% | $107.9M 21.1% | $76.2M 19.1% |
| Selling, General & Admin | $386.2M 8.2% | $371.0M 9.0% | $403.2M 11.6% | $344.7M 11.0% | $256.3M 9.3% | $173.2M 9.7% | $116.4M 10.3% | $72.0M 9.7% | $47.4M 9.3% | $35.3M 8.9% |
| Total Operating Expenses | $2.08B 43.9% | $2.02B 49.2% | $2.31B 66.4% | $1.97B 63.1% | $1.17B 42.4% | $828.5M 46.6% | $560.3M 49.6% | $345.4M 46.5% | $219.4M 42.8% | $164.4M 41.2% |
| Operating Income | -$5.6M -0.1% | -$218.2M -5.3% | -$792.4M -22.7% | -$530.9M -17.0% | $235.1M 8.5% | -$20.3M -1.1% | -$65.1M -5.8% | -$13.3M -1.8% | -$19.6M -3.8% | -$43.4M -10.9% |
| Interest Expense | $1.9M 0.0% | $411K 0.0% | $730K 0.0% | $5.2M 0.2% | — | — | $431K 0.0% | — | — | — |
| Other Income (Expense), net | $99.5M 2.1% | $98.2M 2.4% | $92.9M 2.7% | $38.6M 1.2% | $1.5M 0.1% | $1.8M 0.1% | $4.1M 0.4% | $4.0M 0.5% | -$43.6M -8.5% | $814K 0.2% |
| Pretax Income | $93.9M 2.0% | -$120.0M -2.9% | -$699.4M -20.1% | -$492.3M -15.7% | $236.6M 8.6% | -$18.5M -1.0% | -$60.9M -5.4% | -$9.3M -1.3% | -$63.2M -12.3% | -$42.5M -10.7% |
| Income Tax Expense | $5.5M 0.1% | $9.4M 0.2% | $10.1M 0.3% | $5.7M 0.2% | -$5.8M -0.2% | -$945K -0.1% | -$982K -0.1% | -$476K -0.1% | $315K 0.1% | $211K 0.1% |
| Net Income | $88.4M 1.9% | -$129.4M -3.1% | -$709.6M -20.4% | -$498.0M -15.9% | $242.4M 8.8% | -$17.5M -1.0% | -$59.9M -5.3% | -$8.9M -1.2% | -$63.5M -12.4% | -$42.8M -10.7% |
| Per Share | ||||||||||
| EPS (Basic) | $0.60 | $-0.89 | $-5.01 | $-3.62 | $1.83 | $-0.14 | $-0.52 | — | — | — |
| EPS (Diluted) | $0.59 | $-0.89 | $-5.01 | $-3.62 | $1.71 | $-0.14 | $-0.52 | — | — | — |
| Weighted Avg Shares (Basic) | 147.2M | 144.6M | 141.6M | 137.7M | 132.7M | 124.0M | 115.2M | — | — | — |
| Weighted Avg Shares (Diluted) | 150.9M | 144.6M | 141.6M | 137.7M | 141.7M | 124.0M | 115.2M | — | — | — |
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.
Ranked against 192 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| GOOG | $4.10T | 31.4× | 27.4× | 10.2× | 15.1% | 59.7% | 32.8% | 31.8% | 28.5% | 0.3× | 4,874 |
| META | $1.70T | 28.7× | 16.9× | 8.4× | 22.2% | 82.0% | 30.1% | 27.8% | 21.9% | 0.6× | 4,839 |
| AMX | $1.40T | — | — | — | — | — | — | — | — | — | 318 |
| CHT | $350.5B | — | — | — | — | — | — | — | — | — | 206 |
| NFLX | $322.6B | 30.2× | 24.0× | 7.1× | 15.9% | 48.5% | 24.3% | 41.3% | 26.7% | 1.1× | 3,458 |
| CCZ | $239.2B | 12.0× | 6.4× | 1.9× | -0.0% | — | 16.2% | 20.6% | 19.4% | 0.2× | 1 |
| VZ | $210.3B | 12.3× | 4.3× | 1.5× | 2.5% | — | 12.4% | 16.2% | 16.2% | 0.0× | 3,122 |
| DIS | $203.3B | 15.6× | 10.5× | 2.1× | 3.4% | — | 13.1% | 11.3% | 8.2% | 1.8× | 2,883 |
| TMUS | $195.1B | 18.1× | 8.7× | 2.2× | 8.5% | — | 12.4% | 18.6% | 7.6% | 2.7× | 1,648 |
| T | $185.4B | 8.5× | 6.9× | 1.5× | 2.7% | — | 17.5% | 17.4% | 8.1% | 3.2× | 2,848 |
| VEON | $126.7B | — | — | — | — | — | — | — | — | — | 97 |
| DASH | $84.0B | 92.4× | 54.2× | 6.1× | 27.9% | — | 6.8% | 9.3% | 9.3% | — | 973 |
| WBD | $69.6B | 96.8× | 15.2× | 1.9× | -5.1% | — | 1.9% | 2.0% | 1.1% | 5.1× | 1,259 |
| EA | $52.6B | 59.7× | 36.1× | 7.0× | 0.9% | 79.0% | 11.8% | 13.1% | 13.1% | — | 998 |
| LYV | $40.3B | — | 25.5× | 1.6× | 8.8% | — | 2.0% | 183% | 5.9% | 5.0× | 779 |
| TTWO | $39.3B | — | 426.8× | 5.9× | 18.2% | 57.2% | -4.5% | -8.5% | -4.9% | 26.7× | 1,011 |
| TWLO | $36.4B | 1137.5× | 103.9× | 7.2× | 13.7% | 48.9% | 0.7% | 0.4% | 0.4% | 2.8× | 776 |
| RDDT | $29.4B | 60.1× | 62.1× | 13.3× | 69.4% | 91.2% | 24.1% | 18.1% | 18.1% | — | 765 |
| FOX | $27.3B | 12.1× | — | 1.7× | 16.6% | — | 14.1% | 19.2% | 12.4% | — | 505 |
| OMC | $24.8B | — | 57.9× | 1.4× | 10.1% | 8.5% | -0.3% | -0.5% | -0.3% | 15.8× | 1,083 |
| ROKU | $22.9B | 262.9× | 534.0× | 4.8× | 15.2% | 43.8% | 1.9% | 3.3% | 3.3% | — | 665 |
| FWONA | $21.9B | — | 40.0× | 4.9× | 22.7% | — | 12.4% | 7.2% | 4.3% | 7.9× | 283 |
| NWS | $19.0B | 16.1× | — | 2.3× | 2.4% | — | 14.0% | 13.4% | 11.0% | — | 304 |
| CHTR | $18.2B | 3.7× | 5.4× | 0.3× | -0.6% | — | 9.1% | 31.1% | 4.5% | 4.5× | 760 |
| TKO | $15.6B | 85.2× | 14.0× | 3.3× | -3.1% | — | 4.1% | 5.2% | 2.6% | 2.9× | 616 |
Peers = companies sharing ROKU's sector (Communication Services) 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.
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 9-yr range · 56th pct blended
Dot = today · shaded = middle 50% · line = median. Lower percentile = cheaper vs its own 9-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
Profit and sales moved in opposite directions this year.
Each line as % of revenue — the trend in color
| % of revenue | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|
| Cost of Revenue | 55.3 | 56.1 | 54.6 | 49.0 | 53.9 | 56.3 | 56.1 | 56.2 |
| Gross Profit | 44.7 | 43.9 | 45.4 | 51.0 | 46.1 | 43.7 | 43.9 | 43.8 |
| R&D | 23.0 | 23.5 | 20.0 | 16.7 | 25.2 | 25.2 | 17.5 | 15.4 |
| SG&A | 9.7 | 10.3 | 9.7 | 9.3 | 11.0 | 11.6 | 9.0 | 8.2 |
| Operating Income | -1.8 | -5.8 | -1.1 | 8.5 | -17.0 | -22.7 | -5.3 | -0.1 |
| Income Tax | -0.1 | -0.1 | -0.1 | -0.2 | 0.2 | 0.3 | 0.2 | 0.1 |
| Net Income | -1.2 | -5.3 | -1.0 | 8.8 | -15.9 | -20.4 | -3.1 | 1.9 |
Green = margin-favorable vs the row's own range · red = unfavorable.
The metrics that matter, over time
A 30-second read on ROKU: price, valuation, headline fundamentals, and an auto-generated scorecard from SEC filings. Flags are rule-based signals, not recommendations.