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Held by 464 of 5,944 reporting institutions (97th 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
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 | $7.52B 100.0% | $5.31B 100.0% | $5.44B 100.0% | $5.86B 100.0% | $5.72B 100.0% | $5.35B 100.0% | $5.50B 100.0% | $5.53B 100.0% | $5.19B 100.0% | $4.89B 100.0% |
| Cost of Revenue | $5.94B 79.1% | $4.17B 78.5% | $4.24B 77.9% | $4.63B 79.1% | $4.53B 79.2% | $4.19B 78.4% | $4.32B 78.5% | $4.35B 78.6% | $4.08B 78.6% | $3.84B 78.4% |
| Gross Profit | $1.57B 20.9% | $1.14B 21.5% | $1.20B 22.1% | $1.23B 20.9% | $1.06B 18.6% | $1.05B 19.6% | $1.06B 19.2% | $1.04B 18.8% | $958.7M 18.5% | $946.3M 19.3% |
| Research & Development | $21.5M 0.3% | $23.0M 0.4% | $23.9M 0.4% | $23.1M 0.4% | $24.1M 0.4% | $22.0M 0.4% | $23.3M 0.4% | $23.2M 0.4% | $21.0M 0.4% | $22.5M 0.5% |
| Selling, General & Admin | $862.2M 11.5% | $723.8M 13.6% | $644.5M 11.8% | $609.6M 10.4% | $558.2M 9.8% | $528.4M 9.9% | $530.9M 9.6% | $563.3M 10.2% | $507.8M 9.8% | $503.0M 10.3% |
| Operating Income | $1.02B 13.5% | $326.6M 6.2% | $589.0M 10.8% | $563.4M 9.6% | $486.9M 8.5% | $357.8M 6.7% | $467.1M 8.5% | $437.6M 7.9% | $412.4M 7.9% | $504.6M 10.3% |
| Interest Expense | $233.5M 3.1% | $172.6M 3.3% | $136.7M 2.5% | $101.7M 1.7% | $64.0M 1.1% | $75.0M 1.4% | $66.8M 1.2% | $63.1M 1.1% | $57.2M 1.1% | $54.2M 1.1% |
| Interest & Investment Income | $20.5M 0.3% | $27.6M 0.5% | $10.0M 0.2% | $4.5M 0.1% | $4.8M 0.1% | $3.0M 0.1% | $5.2M 0.1% | $5.0M 0.1% | $4.5M 0.1% | $2.6M 0.1% |
| Other Income (Expense), net | -$27.5M -0.4% | -$104.2M -2.0% | $39.7M 0.7% | $0 0.0% | $0 0.0% | — | — | — | — | — |
| Pretax Income | $765.1M 10.2% | $63.5M 1.2% | $489.0M 9.0% | $459.9M 7.8% | -$161.0M -2.8% | $255.6M 4.8% | $380.8M 6.9% | $378.5M 6.8% | $314.6M 6.1% | $441.3M 9.0% |
| Income Tax Expense | $183.6M 2.4% | $5.5M 0.1% | $119.7M 2.2% | $95.7M 1.6% | -$67.4M -1.2% | $53.0M 1.0% | $93.3M 1.7% | $75.0M 1.4% | $146.6M 2.8% | $164.6M 3.4% |
| Net Income | $1.00B 13.3% | $163.9M 3.1% | $475.0M 8.7% | $466.4M 8.0% | -$85.5M -1.5% | $207.5M 3.9% | $291.8M 5.3% | $313.6M 5.7% | $175.3M 3.4% | $286.4M 5.9% |
| Per Share | ||||||||||
| EPS (Basic) | $10.12 | $1.66 | $4.83 | $4.76 | $-0.86 | $2.06 | $2.90 | $3.12 | $1.75 | $2.83 |
| EPS (Diluted) | $10.07 | $1.65 | $4.80 | $4.72 | $-0.86 | $2.05 | $2.88 | $3.10 | $1.74 | $2.81 |
| Weighted Avg Shares (Basic) | 99.1M | 98.6M | 98.3M | 98.0M | 99.6M | 100.9M | 100.7M | 100.5M | 100.2M | 101.1M |
| Weighted Avg Shares (Diluted) | 99.6M | 99.3M | 98.9M | 98.7M | 99.6M | 101.2M | 101.2M | 101.0M | 100.9M | 101.8M |
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 $48.82 today, the market must believe free cash flow compounds 7.8%/yr for a decade (off $435M normalized FCF).
The market's 7.8% is more optimistic than its 9-yr track record.
2-stage DCF · 0.10B shares · net debt $3.9B
mean 65.3% · volatility σ 137% · implied rate exceeded in 4/9 yrs
Central path = implied 7.8%/yr growth; shaded band = ±1σ (137%) 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).
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.
The dividend is comfortably covered — only 60% of free cash flow, leaving room to grow it and fund buybacks. Last year: $208M dividends + $11M buybacks = $219M returned on $346M FCF.
9 consecutive years of dividend increases · 4%/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: 13%. 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 $378M is below the $538M due within a year — relies on refinancing or operating cash flow. Scheduled principal only (excludes interest & revolver draws). As of 2025-12-31 (10-K).
Green ≤ 1.5× · amber ≤ 3× · red > 3× (leverage relative to cash earnings).
Coverage is adequate but not comfortable. Effective rate ~5.4% on $4.3B of debt.
Cash of $378M is below short-term debt of $538M — 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.
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
Nothing notable to watch.
No material risks flagged.
Where each multiple sits in its own 14-yr range · 18th 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
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 5.1× 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 | 78.6 | 78.5 | 78.4 | 79.2 | 79.1 | 77.9 | 78.5 | 79.1 |
| Gross Profit | 18.8 | 19.2 | 19.6 | 18.6 | 20.9 | 22.1 | 21.5 | 20.9 |
| R&D | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.3 |
| SG&A | 10.2 | 9.6 | 9.9 | 9.8 | 10.4 | 11.8 | 13.6 | 11.5 |
| Operating Income | 7.9 | 8.5 | 6.7 | 8.5 | 9.6 | 10.8 | 6.2 | 13.5 |
| Income Tax | 1.4 | 1.7 | 1.0 | -1.2 | 1.6 | 2.2 | 0.1 | 2.4 |
| Net Income | 5.7 | 5.3 | 3.9 | -1.5 | 8.0 | 8.7 | 3.1 | 13.3 |
Green = margin-favorable vs the row's own range · red = unfavorable.
The metrics that matter, over time
A 30-second read on SON: price, valuation, headline fundamentals, and an auto-generated scorecard from SEC filings. Flags are rule-based signals, not recommendations.
Ranked against 490 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| AMZN | $2.70T | — | — | — | — | — | — | 20.5% | 16.2% | — | 5,764 |
| TSLA | $1.37T | 339.1× | 145.5× | 14.5× | -2.9% | 18.0% | 4.0% | 4.6% | 4.2% | 0.9× | 4,029 |
| TM | $614.2B | 60.0× | 24.8× | 2.6× | 3.8% | 18.4% | 4.4% | 7.9% | 5.9% | 1.7× | 665 |
| PDD | $442.6B | 32.9× | 31.9× | 7.2× | 14.5% | 56.3% | 22.7% | 23.7% | 23.7% | — | 548 |
| HD | $301.3B | 21.3× | 14.3× | 1.8× | 3.2% | 33.3% | 8.6% | 110% | 22.8% | 2.0× | 3,970 |
| BABA | $201.7B | 135.7× | — | 1.4× | 8.1% | 39.8% | 10.1% | 9.8% | 9.8% | — | 1,298 |
| TJX | $140.1B | 26.0× | — | 2.3× | 7.1% | 31.0% | 9.1% | 53.9% | 42.1% | — | 2,608 |
| HTHT | $132.7B | 187.9× | 114.3× | — | — | — | — | 39.7% | 27.3% | 0.7× | 258 |
| SBUX | $109.9B | 59.3× | 26.8× | 3.0× | 2.8% | — | 5.0% | -22.9% | 23.3% | 3.4× | 2,252 |
| LOW | $108.9B | 16.4× | 12.0× | 1.3× | 3.1% | 33.5% | 7.7% | -67.1% | 22.3% | 3.2× | 2,591 |
| ABNB | $101.7B | — | 37.9× | 8.3× | 10.3% | 83.0% | 20.5% | 30.6% | 24.6% | 0.8× | 1,246 |
| MELI | $92.5B | 46.3× | — | 3.2× | 39.1% | 44.5% | 6.9% | 29.6% | 12.5% | — | 1,380 |
| MAR | $88.8B | 35.1× | 20.6× | 3.4× | 4.3% | — | 9.9% | -69.0% | -69.4% | 0.0× | 1,559 |
| LKNCY | $86.3B | 168.2× | 90.8× | 12.3× | 48.9% | — | 7.3% | 23.0% | 23.0% | — | 9 |
| GM | $78.3B | 26.5× | 3.9× | 0.4× | -1.3% | — | 1.5% | 4.4% | 4.4% | — | 1,447 |
| ROST | $74.0B | 34.7× | 22.0× | 3.3× | 7.7% | 27.7% | 9.4% | 34.7% | 27.8% | 0.5× | 1,276 |
| ORLY | $71.5B | 28.6× | 19.5× | 4.0× | 6.4% | 51.6% | 14.3% | -333% | 48.3% | 1.5× | 1,569 |
| HLT | $69.7B | 49.4× | 24.0× | 5.8× | 7.7% | — | 12.1% | -27.0% | -27.0% | — | 1,126 |
| RCL | $67.7B | 16.0× | — | 3.8× | 8.8% | 49.4% | 23.8% | 42.5% | 32.3% | — | 1,114 |
| SE | $62.0B | 40.2× | 24.6× | 2.7× | 36.4% | 44.7% | 6.9% | 12.6% | 12.6% | — | 718 |
| F | $54.2B | — | 4.5× | 0.3× | 1.2% | 6.8% | -4.4% | -22.7% | -22.7% | — | — |
| NKE | $53.9B | 17.3× | — | 1.2× | 0.2% | 42.9% | 6.7% | 20.9% | 13.6% | — | 1,848 |
| EBAY | $50.7B | 26.0× | 18.4× | 4.6× | 7.9% | 71.5% | 18.3% | 45.3% | 38.8% | 0.3× | 1,182 |
| AZO | $47.8B | 19.6× | 13.3× | 2.5× | 2.4% | 52.6% | 13.2% | -73.2% | 46.4% | 2.1× | 1,245 |
| CMG | $44.8B | 29.4× | 19.4× | 3.8× | 5.4% | — | 12.9% | 54.3% | 54.3% | 0.0× | 1,203 |
| SON | $4.8B | 4.8× | 5.7× | 0.6× | 41.7% | 20.9% | 13.3% | 27.8% | 12.6% | 2.8× | 464 |
Peers = companies sharing SON's sector (Consumer Cyclical) 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.