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Held by 2,005 of 5,944 reporting institutions (100th percentile) — extremely crowded.
Data as of Q1 2026
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Solve the discounted cash flow backwards, then stress-test the assumptions.
To be worth $405.32 today, the market must believe free cash flow compounds 11.9%/yr for a decade (off $4.9B normalized FCF).
The market's 11.9% is more conservative than its 9-yr track record.
2-stage DCF · 0.30B shares · net debt $11.3B
mean 18.9% · volatility σ 27% · implied rate exceeded in 5/9 yrs
Central path = implied 11.9%/yr growth; shaded band = ±1σ (27%) 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.
Earnings are backed by cash (FCF ≥ net income) — high quality. Lower/negative accruals = higher quality (Sloan).
Comfortably covers interest; leverage rising 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 21% of free cash flow, leaving room to grow it and fund buybacks. Last year: $1.2B dividends + $5.0B buybacks = $6.2B returned on $5.5B 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 cash-return story — far more went to shareholders than back into the business (mature, low-reinvestment).
Reinvestment has been productive — operating income grew well per dollar put in. Current ROIC on all capital: 10%. 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 $1.7B covers the $3M due within a year 581.7× over. 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).
Interest is easily covered by operating profit. Effective rate ~2.2% on $13.1B of debt.
Cash of $1.7B fully covers short-term debt of $718M.
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 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.
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 | $15.34B 100.0% | $14.21B 100.0% | $12.50B 100.0% | $11.18B 100.0% | $8.30B 100.0% | $7.44B 100.0% | $6.70B 100.0% | $6.26B 100.0% | $6.06B 100.0% | $5.66B 100.0% |
| Cost of Revenue | $4.56B 29.8% | $4.36B 30.7% | $4.14B 33.1% | $3.75B 33.6% | $2.18B 26.3% | $2.09B 28.1% | $1.98B 29.5% | $1.84B 29.4% | $1.69B 27.9% | $1.77B 31.3% |
| Selling, General & Admin | $3.42B 22.3% | $3.20B 22.5% | $3.16B 25.3% | $3.40B 30.4% | $1.73B 20.8% | $1.54B 20.7% | $1.34B 20.0% | $1.42B 22.8% | $1.61B 26.5% | $1.47B 25.9% |
| Total Operating Expenses | $9.16B 59.7% | $8.73B 61.4% | $8.44B 67.6% | $8.16B 73.0% | $4.09B 49.3% | $3.84B 51.6% | $3.52B 52.6% | $3.47B 55.4% | $3.48B 57.4% | $3.42B 60.4% |
| Operating Income | $6.48B 42.2% | $5.58B 39.3% | $4.02B 32.2% | $4.94B 44.2% | $4.22B 50.9% | $3.62B 48.6% | $3.23B 48.2% | $2.79B 44.6% | $2.58B 42.6% | $3.34B 59.0% |
| Interest Expense | $287.0M 1.9% | $297.0M 2.1% | $334.0M 2.7% | $304.0M 2.7% | $119.0M 1.4% | $141.0M 1.9% | $141.0M 2.1% | $134.0M 2.1% | $149.0M 2.5% | $181.0M 3.2% |
| Other Income (Expense), net | $36.0M 0.2% | $25.0M 0.2% | -$15.0M -0.1% | $70.0M 0.6% | $62.0M 0.7% | $31.0M 0.4% | -$98.0M -1.5% | $25.0M 0.4% | $27.0M 0.4% | $28.0M 0.5% |
| Pretax Income | $6.23B 40.6% | $5.31B 37.4% | $3.67B 29.4% | $4.70B 42.1% | $4.16B 50.2% | $3.23B 43.4% | $2.93B 43.7% | $2.68B 42.8% | $2.46B 40.6% | $3.19B 56.3% |
| Income Tax Expense | $1.41B 9.2% | $1.14B 8.0% | $778.0M 6.2% | $1.18B 10.6% | $901.0M 10.9% | $694.0M 9.3% | $627.0M 9.4% | $560.0M 8.9% | $823.0M 13.6% | $960.0M 17.0% |
| Net Income | $4.47B 29.2% | $3.85B 27.1% | $2.63B 21.0% | $3.25B 29.0% | $3.02B 36.4% | $2.34B 31.4% | $2.12B 31.7% | $1.96B 31.3% | $1.50B 24.7% | $2.11B 37.2% |
| Per Share | ||||||||||
| EPS (Basic) | $14.67 | $12.36 | $8.25 | $10.25 | $12.56 | $9.71 | $8.65 | $7.80 | $5.84 | $8.02 |
| EPS (Diluted) | $14.66 | $12.35 | $8.23 | $10.20 | $12.51 | $9.66 | $8.60 | $7.73 | $5.78 | $7.94 |
| Weighted Avg Shares (Basic) | 304.8M | 311.6M | 318.4M | 316.9M | 240.8M | 241.0M | 245.4M | 250.9M | 256.3M | 262.8M |
| Weighted Avg Shares (Diluted) | 305.1M | 311.9M | 318.9M | 318.5M | 241.8M | 242.1M | 246.9M | 253.2M | 258.9M | 265.2M |
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.
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 2026-09-18
Where each multiple sits in its own 14-yr range · 36th 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 2.0× 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 | 29.4 | 29.5 | 28.1 | 26.3 | 33.6 | 33.1 | 30.7 | 29.8 |
| SG&A | 22.8 | 20.0 | 20.7 | 20.8 | 30.4 | 25.3 | 22.5 | 22.3 |
| Operating Income | 44.6 | 48.2 | 48.6 | 50.9 | 44.2 | 32.2 | 39.3 | 42.2 |
| Income Tax | 8.9 | 9.4 | 9.3 | 10.9 | 10.6 | 6.2 | 8.0 | 9.2 |
| Net Income | 31.3 | 31.7 | 31.4 | 36.4 | 29.0 | 21.0 | 27.1 | 29.2 |
Green = margin-favorable vs the row's own range · red = unfavorable.
The metrics that matter, over time
A 30-second read on SPGI: price, valuation, headline fundamentals, and an auto-generated scorecard from SEC filings. Flags are rule-based signals, not recommendations.
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 838 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| JPM | $941.8B | 17.4× | — | 5.2× | 2.8% | — | 31.3% | 15.7% | 13.4% | — | 4,823 |
| V | $694.5B | — | — | 17.4× | 11.3% | — | 50.1% | 52.9% | 31.8% | — | 4,229 |
| MA | $512.0B | 34.3× | — | 15.6× | 16.4% | — | 45.6% | 193% | 56.0% | — | 3,430 |
| BAC | $419.6B | 15.3× | — | 3.7× | 6.8% | — | 27.0% | 10.1% | 4.9% | — | 3,337 |
| GS | $282.1B | 18.5× | — | — | — | — | — | 13.7% | 3.6% | — | 2,857 |
| WFC | $268.7B | 13.9× | — | — | — | — | — | 11.8% | 5.7% | — | 2,691 |
| AXP | $213.5B | 20.2× | — | 5.2× | 6.4% | — | 26.2% | 32.4% | 11.9% | — | 2,787 |
| TYFG | $191.9B | 14.2× | — | 11135.5× | 10.2% | — | 79.3% | 8.7% | 8.7% | — | 1 |
| SCHW | $188.8B | 22.5× | — | 7.9× | 22.0% | — | 37.0% | 17.9% | 17.9% | — | 2,225 |
| HDB | $173.4B | 21.8× | — | 6.8× | 15.2% | — | 30.8% | 8.8% | 4.5% | — | 570 |
| UBS | $169.2B | — | — | — | — | — | — | — | — | — | 660 |
| BLK | $163.4B | 29.9× | — | 6.8× | 89.3% | — | 22.9% | 9.9% | 8.1% | — | 2,196 |
| GLD | $134.4B | — | — | — | — | — | — | — | — | — | 3,072 |
| CB | $133.7B | 13.3× | — | 2.3× | 6.5% | — | 17.4% | 14.0% | 11.3% | — | 2,002 |
| PGR | $126.8B | 11.3× | — | 1.4× | 16.3% | — | 12.9% | 37.3% | 37.3% | — | 1,685 |
| SPGI | $120.7B | 27.6× | 17.3× | 7.9× | 7.9% | 70.2% | 29.2% | 14.4% | 10.1% | 1.7× | 2,005 |
| HOOD | $97.6B | 53.6× | — | 21.8× | 51.6% | — | 42.1% | 20.6% | 20.6% | — | 1,230 |
| CME | $97.5B | 24.3× | — | 15.0× | 6.4% | — | 62.5% | 14.2% | 14.2% | — | 1,699 |
| USB | $96.4B | 13.0× | — | 3.4× | 4.4% | — | 26.4% | 11.6% | 9.2% | — | 1,901 |
| BX | $93.9B | 32.4× | — | 6.5× | 9.2% | — | 20.9% | 34.8% | 14.2% | — | 2,037 |
| PNC | $91.9B | 14.0× | — | 4.0× | 7.2% | — | 30.3% | 11.5% | 5.9% | — | 1,839 |
| AMUB | $89.8B | — | — | — | — | — | — | — | — | — | 7 |
| KKR | $87.5B | — | — | 4.5× | -11.0% | — | 12.2% | 7.7% | 7.7% | — | 1,216 |
| ICE | $86.9B | 26.6× | 20.6× | 6.9× | 7.5% | — | 26.2% | 11.5% | 6.8% | 3.8× | 1,641 |
| MRSH | $84.7B | 20.7× | 15.4× | 3.1× | 10.3% | — | 15.4% | 27.2% | 11.9% | 3.0× | 1,471 |
Peers = companies sharing SPGI's sector (Financial 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.