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Held by 224 of 5,944 reporting institutions (92th 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 | $372.7M 100.0% | $317.7M 100.0% | $281.3M 100.0% | $236.2M 100.0% | $189.3M 100.0% | $160.7M 100.0% | $158.3M 100.0% | $144.4M 100.0% | $144.8M 100.0% | $139.3M 100.0% |
| Cost of Revenue | $190.3M 51.1% | $173.7M 54.7% | $178.5M 63.4% | $165.8M 70.2% | $130.0M 68.7% | $113.1M 70.4% | $116.6M 73.7% | $113.9M 78.9% | $110.5M 76.3% | $106.2M 76.2% |
| Gross Profit | $182.4M 48.9% | $144.0M 45.3% | $102.9M 36.6% | $70.3M 29.8% | $59.3M 31.3% | $47.6M 29.6% | $41.7M 26.3% | $30.5M 21.1% | $34.4M 23.7% | $33.1M 23.8% |
| Selling, General & Admin | $24.5M 6.6% | $19.1M 6.0% | $17.4M 6.2% | $15.6M 6.6% | $12.8M 6.8% | $12.2M 7.6% | $11.5M 7.3% | $10.5M 7.3% | $10.2M 7.0% | $9.6M 6.9% |
| Operating Income | $157.9M 42.4% | $124.9M 39.3% | $85.4M 30.4% | $54.8M 23.2% | $46.4M 24.5% | $33.9M 21.1% | $29.2M 18.5% | $20.0M 13.8% | $24.2M 16.7% | $23.5M 16.9% |
| Interest Expense | — | — | — | $254K 0.1% | $250K 0.1% | $248K 0.2% | $244K 0.2% | $243K 0.2% | $241K 0.2% | $246K 0.2% |
| Other Income (Expense), net | $13.2M 3.5% | $11.5M 3.6% | $7.9M 2.8% | $1.8M 0.8% | $101K 0.1% | $203K 0.1% | $1.7M 1.0% | $1.6M 1.1% | $716K 0.5% | $138K 0.1% |
| Pretax Income | $171.0M 45.9% | $136.4M 42.9% | $93.4M 33.2% | $56.6M 24.0% | $46.5M 24.6% | $34.1M 21.2% | $30.9M 19.5% | $21.6M 14.9% | $24.9M 17.2% | $23.6M 17.0% |
| Income Tax Expense | $36.7M 9.9% | $27.5M 8.7% | $18.8M 6.7% | $11.1M 4.7% | $9.5M 5.0% | $5.8M 3.6% | $4.8M 3.1% | $1.9M 1.3% | -$2.2M -1.5% | $5.9M 4.2% |
| Net Income | $134.3M 36.0% | $108.8M 34.3% | $74.5M 26.5% | $45.4M 19.2% | $37.0M 19.6% | $28.2M 17.6% | $26.1M 16.5% | $19.7M 13.6% | $27.1M 18.7% | $17.8M 12.7% |
| Per Share | ||||||||||
| EPS (Basic) | $4.69 | $3.81 | $2.62 | $1.60 | $6.55 | $5.01 | $4.64 | $3.52 | $4.87 | $3.19 |
| EPS (Diluted) | $4.67 | $3.79 | $2.61 | $1.60 | $6.54 | $5.00 | $4.64 | $3.51 | $4.86 | $3.19 |
| Weighted Avg Shares (Basic) | 28.6M | 28.6M | 28.5M | 28.4M | 5.7M | 5.6M | 5.6M | 5.6M | 5.6M | 5.6M |
| Weighted Avg Shares (Diluted) | 28.7M | 28.7M | 28.5M | 28.4M | 5.7M | 5.6M | 5.6M | 5.6M | 5.6M | 5.6M |
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.
Solve the discounted cash flow backwards, then stress-test the assumptions.
To be worth $114.43 today, the market must believe free cash flow compounds 14.8%/yr for a decade (off $86M normalized FCF).
The market's 14.8% is more conservative than its 9-yr track record.
2-stage DCF · 0.03B shares · net debt -$371M
mean -1.0% · volatility σ 101% · implied rate exceeded in 4/8 yrs
Central path = implied 14.8%/yr growth; shaded band = ±1σ (101%) 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).
Coverage data unavailable; leverage flat 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 7% of free cash flow, leaving room to grow it and fund buybacks. Last year: $7M dividends + $3M buybacks = $10M returned on $102M 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 reinvestment story — most cash went back into growth rather than to shareholders.
Reinvestment has been productive — operating income grew well per dollar put in. Current ROIC on all capital: 21%. 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 $371M covers all $27M of scheduled principal — no refinancing pressure. Scheduled principal only (excludes interest & revolver draws). As of 2012-12-31 (10-K).
Green ≤ 1.5× · amber ≤ 3× · red > 3× (leverage relative to cash earnings).
Interest is easily covered by operating profit. Interest last disclosed in FY2022 (no longer broken out).
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. Maturity ladder from the SEC long-term-debt repayment schedule. Educational — not a recommendation.
Ranked against 238 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| BHP | $439.4B | — | — | — | — | — | — | — | — | — | 713 |
| LIN | $215.3B | 31.4× | 19.3× | 6.3× | 3.0% | — | 20.3% | 18.0% | 10.9% | 2.1× | 2,148 |
| SCCO | $162.1B | 37.4× | 20.9× | 12.1× | 17.4% | 60.1% | 32.4% | 39.4% | 24.4% | 0.9× | 791 |
| CX | $147.8B | — | — | — | — | — | — | — | — | — | 297 |
| TX | $116.5B | — | — | — | — | — | — | — | — | — | 139 |
| FCX | $101.8B | — | 12.3× | 3.9× | 1.8% | 28.2% | 16.0% | 22.0% | 14.7% | 1.1× | 1,775 |
| AEM | $100.7B | — | — | — | — | — | — | — | — | — | 1,066 |
| SHW | $79.5B | 31.3× | — | 3.4× | 2.1% | 48.8% | 10.9% | 55.9% | 17.0% | — | 1,610 |
| ECL | $76.6B | 37.3× | 22.5× | 4.8× | 2.2% | 44.5% | 12.9% | 21.2% | 19.5% | 0.3× | 1,619 |
| B | $73.2B | — | — | — | — | — | — | — | — | — | 979 |
| WPM | $69.1B | — | — | — | — | — | — | — | — | — | 809 |
| APD | $63.7B | — | 90.0× | 5.3× | -0.5% | 31.4% | -3.3% | -2.6% | -2.6% | 0.1× | 1,702 |
| VALE | $61.6B | — | — | — | — | — | — | — | — | — | 537 |
| NUE | $61.2B | 35.3× | — | 1.9× | 5.7% | 11.9% | 5.4% | 8.3% | 8.3% | — | 1,325 |
| CRH | $58.0B | 15.7× | 9.3× | 1.6× | 5.3% | 36.1% | 10.0% | 15.6% | 9.2% | 2.2× | 9 |
| MT | $57.2B | — | — | — | — | — | — | — | — | — | 286 |
| DD | $53.6B | — | — | 7.8× | 1.9% | 34.5% | -11.4% | -5.6% | -5.6% | — | 1,172 |
| AU | $51.7B | — | — | — | — | — | — | — | — | — | 537 |
| FNV | $51.4B | — | — | — | — | — | — | — | — | — | 614 |
| NTR | $37.7B | — | — | — | — | — | — | — | — | — | 718 |
| STLD | $35.6B | 30.7× | 19.2× | 2.0× | 3.6% | 13.2% | 6.5% | 13.2% | 9.0% | 2.1× | 893 |
| KGC | $34.2B | — | — | — | — | — | — | — | — | — | 630 |
| VMC | $31.9B | 30.1× | 15.3× | 4.0× | 7.1% | 27.4% | 13.6% | 12.6% | 8.4% | 1.8× | 981 |
| MLM | $29.8B | 26.3× | 16.9× | 4.8× | 8.6% | 30.7% | 18.5% | 11.3% | 7.4% | 2.6× | 1,022 |
| PPG | $23.6B | 15.2× | — | 1.5× | 0.2% | 41.3% | 9.9% | 19.8% | 10.3% | — | 1,003 |
| USLM | $3.3B | 24.5× | 15.9× | 8.8× | 17.3% | 48.9% | 36.0% | 21.3% | 21.3% | 0.0× | 224 |
Peers = companies sharing USLM's sector (Basic Materials) 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 14-yr range · 85th 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
High operating leverage: profit moved 1.5× 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 | 78.9 | 73.7 | 70.4 | 68.7 | 70.2 | 63.4 | 54.7 | 51.1 |
| Gross Profit | 21.1 | 26.3 | 29.6 | 31.3 | 29.8 | 36.6 | 45.3 | 48.9 |
| SG&A | 7.3 | 7.3 | 7.6 | 6.8 | 6.6 | 6.2 | 6.0 | 6.6 |
| Operating Income | 13.8 | 18.5 | 21.1 | 24.5 | 23.2 | 30.4 | 39.3 | 42.4 |
| Income Tax | 1.3 | 3.1 | 3.6 | 5.0 | 4.7 | 6.7 | 8.7 | 9.9 |
| Net Income | 13.6 | 16.5 | 17.6 | 19.6 | 19.2 | 26.5 | 34.3 | 36.0 |
Green = margin-favorable vs the row's own range · red = unfavorable.
The metrics that matter, over time
A 30-second read on USLM: price, valuation, headline fundamentals, and an auto-generated scorecard from SEC filings. Flags are rule-based signals, not recommendations.