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Held by 262 of 5,944 reporting institutions (93th 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 $12.19 today, the market must believe free cash flow compounds -20.9%/yr for a decade (off $1.1B normalized FCF).
The market's -20.9% is more conservative than its 7-yr track record.
2-stage DCF · 0.48B shares (market data) · net debt -$2.5B
mean 29.3% · volatility σ 82% · implied rate exceeded in 5/7 yrs
Central path = implied -20.9%/yr growth; shaded band = ±1σ (82%) 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.
4/8 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; 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 33% of free cash flow, leaving room to grow it and fund buybacks. Last year: $257M dividends + $707M buybacks = $963M returned on $782M 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 balanced mix of reinvestment and shareholder returns.
Modest payoff on reinvested capital. Current ROIC on all capital: 15%. 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.
Green ≤ 1.5× · amber ≤ 3× · red > 3× (leverage relative to cash earnings).
Interest is easily covered by operating profit. Effective rate ~1.5% on $836M of debt.
Cash of $3.3B fully covers short-term debt of $836M.
Mostly short-term debt (balance-sheet current vs non-current split). A year-by-year maturity schedule wasn't disclosed for this issuer.
Debt, cash, interest and equity from the SEC balance sheet & income statement. Effective rate = interest ÷ average debt. Educational — not a recommendation.
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 · 0th 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 | 79.8 | 77.8 | 79.1 | 80.3 | 79.0 | 77.2 | 76.5 | 76.9 |
| Gross Profit | 20.2 | 22.2 | 20.9 | 19.7 | 21.0 | 22.8 | 23.5 | 23.1 |
| SG&A | 3.2 | 4.4 | 3.7 | 3.6 | 4.3 | 3.7 | 3.7 | 4.1 |
| Operating Income | 2.9 | 5.1 | 5.8 | 4.8 | 6.0 | 8.1 | 8.5 | 7.7 |
| Income Tax | 0.7 | 1.1 | 1.1 | 1.0 | 1.7 | 1.7 | 2.1 | 1.7 |
| Net Income | 2.5 | 4.3 | 5.8 | 4.0 | 6.1 | 7.2 | 7.1 | 6.8 |
Green = margin-favorable vs the row's own range · red = unfavorable.
The metrics that matter, over time
A 30-second read on VIPS: 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.
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 | $15.15B 100.0% | $108.42B 100.0% | $112.86B 100.0% | $103.15B 100.0% | $117.06B 100.0% | $101.86B 100.0% | $92.99B 100.0% | $84.52B 100.0% | $72.91B 100.0% | $56.59B 100.0% |
| Cost of Revenue | $11.64B 76.9% | $82.95B 76.5% | $87.14B 77.2% | $81.54B 79.0% | $93.95B 80.3% | $80.57B 79.1% | $72.31B 77.8% | $67.45B 79.8% | $56.62B 77.7% | $42.99B 76.0% |
| Cost of Products | — | — | — | — | — | — | — | — | $8.70B 11.9% | $42.99B 76.0% |
| Gross Profit | $3.50B 23.1% | $25.47B 23.5% | $25.72B 22.8% | $21.62B 21.0% | $23.11B 19.7% | $21.29B 20.9% | $20.68B 22.2% | $17.07B 20.2% | $16.29B 22.3% | $13.60B 24.0% |
| Selling, General & Admin | $625.5M 4.1% | $3.99B 3.7% | $4.15B 3.7% | $4.46B 4.3% | $4.19B 3.6% | $3.75B 3.7% | $4.06B 4.4% | $2.67B 3.2% | $2.45B 3.4% | $1.94B 3.4% |
| Total Operating Expenses | $2.49B 16.4% | $17.21B 15.9% | $17.42B 15.4% | $16.14B 15.7% | $18.45B 15.8% | $16.13B 15.8% | $16.55B 17.8% | $15.40B 18.2% | $14.13B 19.4% | $11.25B 19.9% |
| Operating Income | $1.16B 7.7% | $9.17B 8.5% | $9.10B 8.1% | $6.20B 6.0% | $5.58B 4.8% | $5.86B 5.8% | $4.77B 5.1% | $2.42B 2.9% | $2.69B 3.7% | $2.71B 4.8% |
| Interest Expense | $12.9M 0.1% | $57.7M 0.1% | $22.9M 0.0% | $24.3M 0.0% | $14.5M 0.0% | $67.4M 0.1% | $86.0M 0.1% | $159.7M 0.2% | $82.4M 0.1% | $85.2M 0.2% |
| Interest & Investment Income | $114.6M 0.8% | $809.8M 0.7% | $780.3M 0.7% | $764.0M 0.7% | $671.5M 0.6% | $449.0M 0.4% | $217.0M 0.2% | $242.9M 0.3% | $101.1M 0.1% | $107.0M 0.2% |
| Other Income (Expense), net | $778.7M 5.1% | $814.2M 0.8% | $882.9M 0.8% | $1.88B 1.8% | $290.9M 0.2% | $1.16B 1.1% | $169.4M 0.2% | $326.0M 0.4% | -$149.6M -0.2% | -$41.6M -0.1% |
| Pretax Income | $1.27B 8.4% | $9.99B 9.2% | $9.99B 8.8% | $8.08B 7.8% | $5.87B 5.0% | $7.02B 6.9% | $4.94B 5.3% | $2.75B 3.3% | $2.54B 3.5% | $2.67B 4.7% |
| Income Tax Expense | $257.2M 1.7% | $2.32B 2.1% | $1.87B 1.7% | $1.76B 1.7% | $1.22B 1.0% | $1.13B 1.1% | $983.6M 1.1% | $566.6M 0.7% | $626.1M 0.9% | $601.8M 1.1% |
| Net Income | $1.04B 6.8% | $7.74B 7.1% | $8.12B 7.2% | $6.31B 6.1% | $4.69B 4.0% | $5.92B 5.8% | $3.99B 4.3% | $2.13B 2.5% | $1.89B 2.6% | $1.99B 3.5% |
| Per Share | ||||||||||
| EPS (Basic) | $10.35 | $72.97 | $73.32 | $49.51 | $34.38 | $43.73 | $30.08 | $16.09 | $16.59 | $17.57 |
| EPS (Diluted) | $10.12 | $71.76 | $72.11 | $49.15 | $33.74 | $42.79 | $29.58 | $15.61 | $15.94 | $16.86 |
| Weighted Avg Shares (Basic) | 100.1M | 106.1M | 110.7M | 127.2M | 136.2M | 135.1M | 133.5M | 132.3M | 117.6M | 116.0M |
| Weighted Avg Shares (Diluted) | 102.4M | 107.9M | 112.6M | 128.2M | 138.7M | 138.0M | 136.1M | 140.1M | 125.7M | 125.8M |
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.