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Held by 1,179 of 5,944 reporting institutions (99th 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 $353.13 today, the market must believe free cash flow compounds 32.8%/yr for a decade (off $450M normalized FCF).
The market's 32.8% is more optimistic than its 9-yr track record.
2-stage DCF · 0.16B shares · net debt -$94M
mean 8.9% · volatility σ 36% · implied rate exceeded in 3/9 yrs
Central path = implied 32.8%/yr growth; shaded band = ±1σ (36%) 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.
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 | $3.19B 100.0% | $2.82B 100.0% | $2.68B 100.0% | $3.16B 100.0% | $3.70B 100.0% | $3.12B 100.0% | $2.29B 100.0% | $2.10B 100.0% | $2.14B 100.0% | $1.75B 100.0% |
| Cost of Revenue | $1.33B 41.8% | $1.17B 41.5% | $1.14B 42.6% | $1.29B 40.8% | $1.50B 40.4% | $1.34B 42.8% | $955.1M 41.6% | $880.4M 41.9% | $912.7M 42.7% | $793.7M 45.3% |
| Cost of Products | — | — | — | — | — | — | — | — | $758.5M 35.5% | $659.1M 37.6% |
| Cost of Services | — | — | — | — | — | — | — | — | $154.2M 7.2% | $134.6M 7.7% |
| Gross Profit | $1.86B 58.2% | $1.65B 58.5% | $1.54B 57.4% | $1.87B 59.2% | $2.21B 59.6% | $1.79B 57.2% | $1.34B 58.4% | $1.22B 58.1% | $1.22B 57.2% | $958.6M 54.7% |
| Selling, General & Admin | $648.9M 20.3% | $617.0M 21.9% | $577.3M 21.6% | $558.1M 17.7% | $547.6M 14.8% | $464.8M 14.9% | $437.1M 19.0% | $390.7M 18.6% | $348.9M 16.3% | $316.5M 18.1% |
| Total Operating Expenses | $1.21B 37.8% | $1.06B 37.4% | $1.04B 38.7% | $1.04B 32.8% | $1.01B 27.2% | $857.3M 27.5% | $786.2M 34.3% | $746.6M 35.5% | $696.1M 32.6% | $1.02B 58.3% |
| Operating Income | $650.1M 20.4% | $593.8M 21.1% | $501.1M 18.7% | $831.9M 26.4% | $1.20B 32.4% | $928.4M 29.7% | $553.7M 24.1% | $473.8M 22.6% | $525.3M 24.6% | -$63.0M -3.6% |
| Interest Expense | $6.8M 0.2% | $3.6M 0.1% | $3.8M 0.1% | $3.7M 0.1% | $17.8M 0.5% | $24.2M 0.8% | $22.2M 1.0% | $21.8M 1.0% | $21.7M 1.0% | $3.6M 0.2% |
| Interest & Investment Income | $15.7M 0.5% | $24.8M 0.9% | $27.3M 1.0% | $6.4M 0.2% | $2.6M 0.1% | $6.0M 0.2% | $17.0M 0.7% | $20.5M 1.0% | $17.8M 0.8% | $9.3M 0.5% |
| Other Income (Expense), net | -$5.6M -0.2% | -$5.9M -0.2% | $962K 0.0% | $5.8M 0.2% | -$24.6M -0.7% | -$9.2M -0.3% | -$22.6M -1.0% | -$4.7M -0.2% | $2.9M 0.1% | $2.3M 0.1% |
| Pretax Income | $653.3M 20.5% | $609.1M 21.6% | $525.6M 19.6% | $840.4M 26.6% | $1.16B 31.4% | $901.0M 28.9% | $525.8M 22.9% | $467.8M 22.3% | $524.4M 24.5% | -$55.1M -3.1% |
| Income Tax Expense | $79.3M 2.5% | $59.5M 2.1% | $76.8M 2.9% | $124.9M 4.0% | $146.4M 4.0% | $116.9M 3.7% | $58.3M 2.5% | $16.0M 0.8% | $266.7M 12.5% | -$11.6M -0.7% |
| Net Income | $554.0M 17.4% | $542.4M 19.2% | $448.8M 16.8% | $715.5M 22.7% | $1.01B 27.4% | $784.1M 25.1% | $467.5M 20.4% | $451.8M 21.5% | $257.7M 12.1% | -$43.4M -2.5% |
| Per Share | ||||||||||
| EPS (Basic) | $3.48 | $3.41 | $2.91 | $4.52 | $6.15 | $4.72 | $2.74 | $2.41 | $1.30 | $-0.21 |
| EPS (Diluted) | $3.47 | $3.32 | $2.73 | $4.22 | $5.53 | $4.28 | $2.60 | $2.35 | $1.28 | $-0.21 |
| Weighted Avg Shares (Basic) | 159.1M | 159.1M | 154.3M | 158.4M | 165.0M | 166.1M | 170.4M | 187.7M | 198.1M | 202.6M |
| Weighted Avg Shares (Diluted) | 159.7M | 163.3M | 164.3M | 169.7M | 183.6M | 183.0M | 179.5M | 192.6M | 201.6M | 202.6M |
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.
Is the value real, and is the business safe? Academic scores + earnings quality + solvency, from SEC filings.
5/8 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.
Cash conversion lags reported earnings — watch accruals. Lower/negative accruals = higher quality (Sloan).
Comfortably covers interest.
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 17% of free cash flow, leaving room to grow it and fund buybacks. Last year: $76M dividends + $702M buybacks = $778M returned on $450M FCF.
2 consecutive years of dividend increases · 8%/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: 18%. 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 $294M covers all $196M of scheduled principal — no refinancing pressure. Scheduled principal only (excludes interest & revolver draws). As of 2011-12-31 (10-K).
Insufficient EBITDA/debt history.
Green ≤ 1.5× · amber ≤ 3× · red > 3× (leverage relative to cash earnings).
Interest is easily covered by operating profit. Effective rate ~3.4% on $200M of debt.
Cash of $294M fully covers short-term debt of $200M.
Mostly short-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.
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
No material risks flagged.
Where each multiple sits in its own 14-yr range · 98th 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
Low operating leverage — profit tracks sales closely (stable, less cyclical).
Each line as % of revenue — the trend in color
| % of revenue | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|
| Cost of Revenue | 41.9 | 41.6 | 42.8 | 40.4 | 40.8 | 42.6 | 41.5 | 41.8 |
| Gross Profit | 58.1 | 58.4 | 57.2 | 59.6 | 59.2 | 57.4 | 58.5 | 58.2 |
| SG&A | 18.6 | 19.0 | 14.9 | 14.8 | 17.7 | 21.6 | 21.9 | 20.3 |
| Operating Income | 22.6 | 24.1 | 29.7 | 32.4 | 26.4 | 18.7 | 21.1 | 20.4 |
| Income Tax | 0.8 | 2.5 | 3.7 | 4.0 | 4.0 | 2.9 | 2.1 | 2.5 |
| Net Income | 21.5 | 20.4 | 25.1 | 27.4 | 22.7 | 16.8 | 19.2 | 17.4 |
Green = margin-favorable vs the row's own range · red = unfavorable.
The metrics that matter, over time
A 30-second read on TER: 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 | $11.16T | — | — | — | — | — | — | — | — | — | 3,121 |
| NVDA | $5.33T | 44.8× | 40.0× | 24.7× | 65.5% | 71.1% | 55.6% | 76.3% | 72.4% | 0.1× | 5,582 |
| AAPL | $4.98T | 45.2× | 34.8× | 12.0× | 6.4% | 46.9% | 26.9% | 152% | 68.1% | 0.6× | 5,858 |
| MSFT | $3.70T | 27.7× | 19.6× | 11.1× | 17.8% | 67.9% | 40.3% | 30.2% | 27.7% | 0.2× | 5,944 |
| AVGO | $1.65T | 72.8× | 65.1× | 25.8× | 23.9% | 67.8% | 36.2% | 28.4% | 15.8% | 2.5× | 4,442 |
| MU | $1.10T | 128.8× | 60.7× | 29.3× | 48.9% | 39.8% | 22.8% | 15.8% | 12.9% | 0.7× | 2,894 |
| AMD | $888.5B | 205.7× | 210.2× | 25.6× | 34.3% | 49.5% | 12.5% | 6.9% | 6.5% | 0.8× | 3,059 |
| INTC | $543.3B | — | 67.4× | 10.3× | -0.5% | 34.8% | -0.5% | -0.2% | -0.2% | 5.5× | 2,495 |
| CSCO | $436.6B | 43.2× | 36.6× | 7.7× | 5.3% | 64.9% | 18.0% | 21.7% | 13.6% | 2.3× | 3,560 |
| PLTR | $421.4B | 279.8× | 291.6× | 94.2× | 56.2% | 82.4% | 36.3% | 22.0% | 22.0% | — | 2,883 |
| DELL | $383.6B | 67.8× | 36.1× | 3.4× | 18.8% | 20.0% | 5.2% | -240% | 20.4% | 2.8× | 1,564 |
| LRCX | $341.7B | 64.9× | 54.5× | 18.5× | 23.7% | 48.7% | 29.1% | 54.3% | 37.4% | 0.7× | 2,500 |
| RPAY | $338.0B | — | — | 1092.8× | -1.2% | 75.0% | -83.0% | -53.0% | -28.2% | -1.7× | 142 |
| AMAT | $331.0B | 48.2× | 38.1× | 11.7× | 4.4% | 48.7% | 24.7% | 34.3% | 25.9% | 0.8× | 2,826 |
| UMC | $307.4B | — | — | — | — | — | — | — | — | — | 302 |
| ARM | $281.9B | 311.6× | 242.9× | 57.3× | 22.8% | 97.5% | 18.4% | 10.9% | 10.9% | — | 730 |
| SAP | $262.5B | — | — | — | — | — | — | — | — | — | 794 |
| ANET | $250.7B | 72.6× | 63.3× | 27.8× | 28.6% | 64.1% | 39.0% | 28.4% | 28.4% | — | 1,930 |
| PANW | $250.5B | 234.4× | 156.5× | 27.2× | 14.9% | 73.4% | 12.3% | 14.5% | 14.5% | — | 2,374 |
| SNDK | $235.7B | — | — | 32.0× | 10.4% | 30.1% | -22.3% | -17.8% | -14.8% | -1.5× | 1,127 |
| TXN | $234.6B | 47.4× | 30.9× | 13.3× | 13.0% | 57.0% | 28.3% | 30.7% | 16.5% | 1.8× | 2,345 |
| CRM | $225.6B | 31.1× | 24.4× | 5.4× | 9.6% | 77.7% | 18.0% | 12.6% | 10.1% | 1.5× | 2,547 |
| IBM | $222.8B | 21.3× | — | 3.3× | 7.6% | 58.2% | 15.7% | 32.4% | 11.3% | — | 3,351 |
| MRVL | $204.0B | 78.4× | 133.3× | 24.9× | 42.1% | 51.0% | 32.6% | 18.7% | 14.2% | 2.9× | 1,477 |
| QCOM | $202.7B | 37.7× | 15.2× | 4.6× | 13.7% | 55.4% | 12.5% | 26.1% | 15.4% | 1.1× | 2,611 |
| TER | $55.1B | 101.8× | 70.7× | 17.3× | 13.1% | 58.2% | 17.4% | 19.8% | 18.5% | 0.3× | 1,179 |
Peers = companies sharing TER'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.
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.