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Institutional distribution: ownership decreased -1.79% quarter-over-quarter.
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
Solve the discounted cash flow backwards, then stress-test the assumptions.
To be worth $5.58 today, the market must believe free cash flow compounds 0.9%/yr for a decade (off $11M normalized FCF).
The market's 0.9% is in line with its 9-yr track record.
2-stage DCF · 0.02B shares · net debt $40M
mean -111.8% · volatility σ 126% · implied rate exceeded in 1/6 yrs
Central path = implied 0.9%/yr growth; shaded band = ±1σ (126%) 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 $7M 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.
Operating income fell despite reinvestment — a warning on capital productivity. 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.
Cash of $9M covers the $2M due within a year 4.7× over. Scheduled principal only (excludes interest & revolver draws). As of 2022-12-31 (10-K).
Green ≤ 1.5× · amber ≤ 3× · red > 3× (leverage relative to cash earnings).
Thin coverage — earnings barely cover interest. Effective rate ~8.0% on $50M of debt.
Cash of $9M fully covers short-term debt of $4M.
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 2026-09-17
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 | $191.2M 100.0% | $164.5M 100.0% | $158.6M 100.0% | $131.8M 100.0% | $98.3M 100.0% | $107.7M 100.0% | $106.8M 100.0% | $87.2M 100.0% | $85.5M 100.0% | $82.5M 100.0% |
| Cost of Revenue | $145.1M 75.9% | $122.1M 74.3% | $119.4M 75.3% | $102.4M 77.7% | $73.6M 74.9% | $78.6M 72.9% | $75.6M 70.8% | $61.6M 70.7% | $59.3M 69.3% | $57.4M 69.6% |
| Gross Profit | $46.0M 24.1% | $42.3M 25.7% | $39.2M 24.7% | $29.4M 22.3% | $24.6M 25.1% | $29.2M 27.1% | $31.2M 29.2% | $25.6M 29.3% | $26.2M 30.7% | $25.1M 30.4% |
| Research & Development | $10.4M 5.4% | $8.3M 5.0% | $7.5M 4.7% | $7.1M 5.4% | $6.8M 6.9% | $5.9M 5.5% | $6.8M 6.4% | $4.5M 5.2% | $4.7M 5.5% | $5.9M 7.2% |
| Selling, General & Admin | $29.3M 15.4% | $24.1M 14.6% | $22.2M 14.0% | $22.2M 16.8% | $17.8M 18.1% | $17.5M 16.3% | $17.0M 15.9% | $14.5M 16.7% | $15.0M 17.6% | $15.4M 18.7% |
| Total Operating Expenses | $51.9M 27.2% | $32.3M 19.7% | $29.7M 18.7% | $29.3M 22.2% | $24.6M 25.0% | $23.5M 21.8% | $23.8M 22.3% | $19.0M 21.8% | $19.8M 23.1% | $21.3M 25.9% |
| Operating Income | -$5.9M -3.1% | $10.0M 6.1% | $9.5M 6.0% | $129K 0.1% | $35K 0.0% | $5.7M 5.3% | $7.4M 6.9% | $6.6M 7.5% | $6.5M 7.6% | $3.8M 4.6% |
| Interest Expense | $4.0M 2.1% | $1.9M 1.2% | $2.0M 1.3% | $951K 0.7% | $242K 0.2% | $436K 0.4% | $539K 0.5% | $63K 0.1% | $183K 0.2% | $263K 0.3% |
| Other Income (Expense), net | -$2.5M -1.3% | -$1.7M -1.0% | -$358K -0.2% | -$575K -0.4% | -$186K -0.2% | $1.3M 1.2% | -$597K -0.6% | -$58K -0.1% | -$181K -0.2% | $80K 0.1% |
| Pretax Income | -$8.4M -4.4% | $8.3M 5.0% | $9.1M 5.7% | -$446K -0.3% | -$151K -0.2% | $7.0M 6.5% | $6.8M 6.3% | $6.6M 7.6% | $6.3M 7.4% | $3.6M 4.3% |
| Income Tax Expense | -$2.4M -1.3% | $1.9M 1.2% | $2.0M 1.2% | -$326K -0.2% | $79K 0.1% | $1.7M 1.6% | $1.5M 1.4% | -$18.4M -21.1% | -$1.4M -1.6% | $98K 0.1% |
| Net Income | -$5.9M -3.1% | $6.3M 3.8% | $7.2M 4.5% | -$119K -0.1% | -$234K -0.2% | $5.2M 4.9% | $5.2M 4.9% | $24.9M 28.6% | $7.6M 8.9% | $3.5M 4.3% |
| Per Share | ||||||||||
| EPS (Basic) | $-35.00 | $38.00 | $0.44 | $0.05 | $0.05 | $0.33 | $33.00 | $1.57 | $0.49 | $0.23 |
| EPS (Diluted) | $-35.00 | $38.00 | $0.44 | $0.05 | $0.05 | $0.33 | $32.00 | $1.53 | $0.48 | $0.23 |
| Weighted Avg Shares (Basic) | 16.6M | 16.6M | 16.2M | 16.1M | 16.0M | 16K | 15.8M | 15.9M | 16K | 15.3M |
| Weighted Avg Shares (Diluted) | 16.6M | 16.8M | 16.2M | 16.1M | 16.0M | 16K | 16.2M | 16.3M | 16K | 15.4M |
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 651 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| LTM | $28.75T | — | — | — | — | — | — | — | — | — | 160 |
| CAT | $364.2B | 41.6× | 29.1× | 5.4× | 4.3% | 33.8% | 13.1% | 41.7% | 15.4% | 2.7× | 3,616 |
| GE | $328.2B | 38.4× | — | 7.2× | 18.5% | — | 19.0% | 46.6% | 22.2% | — | 3,077 |
| RTX | $264.2B | 39.7× | 18.8× | 3.0× | 9.7% | — | 7.6% | 10.3% | 10.3% | 0.0× | 3,277 |
| BA | $204.4B | 81.4× | 41.0× | 2.3× | 34.5% | 4.8% | 2.5% | 41.0% | 3.3% | 10.0× | 2,435 |
| DE | $181.0B | 36.2× | — | 4.0× | -11.7% | — | 11.0% | 19.4% | 12.6% | — | 2,491 |
| ABBNY | $174.3B | 47.1× | 31.1× | 5.4× | 9.5% | 34.8% | 11.9% | 28.5% | 20.4% | 0.9× | 48 |
| UNP | $166.7B | 23.4× | 16.0× | 6.8× | 1.1% | — | 29.1% | 38.7% | 14.2% | 2.6× | 2,648 |
| ETN | $154.3B | 38.1× | — | 5.6× | 10.3% | 37.6% | 14.9% | 21.0% | 13.9% | — | 2,398 |
| HON | $131.9B | 28.2× | 16.2× | 3.5× | 7.8% | 36.9% | 12.6% | 34.0% | 9.8% | 3.6× | 2,694 |
| LMT | $123.0B | 25.0× | 16.1× | 1.6× | 5.6% | 10.2% | 6.7% | 74.6% | 17.7% | 2.5× | 2,807 |
| PH | $117.9B | 33.9× | 26.6× | 5.9× | -0.4% | 36.9% | 17.8% | 25.8% | 16.7% | 1.6× | 1,845 |
| ADP | $108.7B | 25.0× | — | 5.0× | 6.7% | 46.4% | 20.1% | 73.2% | 40.1% | — | 2,179 |
| GD | $97.3B | 23.3× | 17.1× | 1.9× | 10.1% | — | 8.0% | 16.4% | 12.5% | 1.3× | 2,123 |
| TT | $94.0B | 32.5× | 23.2× | 4.4× | 7.5% | — | 13.7% | 34.0% | 22.1% | 1.1× | 1,658 |
| PWR | $92.6B | 91.1× | 46.0× | 3.3× | 20.3% | 15.0% | 3.6% | 11.5% | 10.6% | 0.4× | 1,659 |
| VRT | $91.6B | 70.2× | 43.4× | 8.9× | 27.7% | 36.3% | 13.0% | 33.8% | 19.4% | 1.4× | 1,748 |
| JCI | $91.6B | 27.9× | — | 3.9× | 2.8% | 36.4% | 13.9% | 25.5% | 14.4% | — | 1,487 |
| HWM | $91.5B | 61.4× | 40.3× | 11.1× | 11.1% | — | 18.3% | 28.2% | 17.9% | 1.3× | 1,399 |
| CSX | $89.1B | 31.1× | 14.4× | 6.3× | -3.1% | — | 20.5% | 22.0% | 22.0% | — | 1,791 |
| MMM | $86.2B | 27.1× | 16.6× | 3.5× | 1.5% | 39.9% | 13.0% | 69.1% | 18.8% | 2.1× | 2,051 |
| WM | $86.2B | 31.9× | 12.1× | 3.4× | 14.2% | 40.4% | 10.7% | 27.1% | 25.3% | 0.1× | 2,262 |
| UPS | $83.9B | 15.1× | 9.4× | 0.9× | -2.6% | — | 6.3% | 34.3% | 13.8% | 2.2× | 2,025 |
| EMR | $82.1B | 36.1× | — | 4.6× | 3.0% | 52.8% | 12.7% | 11.3% | 6.9% | — | 2,112 |
| CTAS | $80.4B | 45.3× | 28.9× | 7.8× | 7.7% | 50.0% | 17.5% | 38.7% | 25.5% | 0.8× | 1,366 |
| ULBI | $91M | — | — | 0.5× | 16.2% | 24.1% | -3.1% | -4.5% | -3.3% | -25.8× | 46 |
Peers = companies sharing ULBI's sector (Industrials) 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 standout strengths flagged.
Where each multiple sits in its own 14-yr range · 7th 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
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 | 70.7 | 70.8 | 72.9 | 74.9 | 77.7 | 75.3 | 74.3 | 75.9 |
| Gross Profit | 29.3 | 29.2 | 27.1 | 25.1 | 22.3 | 24.7 | 25.7 | 24.1 |
| R&D | 5.2 | 6.4 | 5.5 | 6.9 | 5.4 | 4.7 | 5.0 | 5.4 |
| SG&A | 16.7 | 15.9 | 16.3 | 18.1 | 16.8 | 14.0 | 14.6 | 15.4 |
| Operating Income | 7.5 | 6.9 | 5.3 | 0.0 | 0.1 | 6.0 | 6.1 | -3.1 |
| Income Tax | -21.1 | 1.4 | 1.6 | 0.1 | -0.2 | 1.2 | 1.2 | -1.3 |
| Net Income | 28.6 | 4.9 | 4.9 | -0.2 | -0.1 | 4.5 | 3.8 | -3.1 |
Green = margin-favorable vs the row's own range · red = unfavorable.
The metrics that matter, over time
A 30-second read on ULBI: price, valuation, headline fundamentals, and an auto-generated scorecard from SEC filings. Flags are rule-based signals, not recommendations.