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Held by 321 of 5,944 reporting institutions (95th 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 $6.45 today, the market must believe free cash flow compounds 14.2%/yr for a decade (off $246M normalized FCF).
The market's 14.2% is more optimistic than its 9-yr track record.
2-stage DCF · 0.22B shares · net debt $6.5B
mean 3.0% · volatility σ 76% · implied rate exceeded in 2/8 yrs
Central path = implied 14.2%/yr growth; shaded band = ±1σ (76%) 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 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.
No dividend to cover. Last year: $0 dividends + $0 buybacks = $0 returned on $253M 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: 37%. 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 $754M covers the $0 due within a year 754400000.0× over. Scheduled principal only (excludes interest & revolver draws). As of 2024-12-31 (10-K).
Green ≤ 1.5× · amber ≤ 3× · red > 3× (leverage relative to cash earnings).
Thin coverage — earnings barely cover interest. Effective rate ~7.4% on $9.2B of debt. Interest last disclosed in FY2024 (no longer broken out).
Cash of $754M fully covers short-term debt of $0.
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 | $1.93B 100.0% | $1.38B 100.0% | $1.86B 100.0% | $5.79B 100.0% | $6.74B 100.0% | $8.44B 100.0% | $8.35B 100.0% | $4.57B 100.0% | $4.56B 100.0% | $4.92B 100.0% |
| Cost of Revenue | $975.7M 50.5% | $777.5M 56.2% | $963.5M 51.7% | $3.80B 65.7% | $4.30B 63.8% | $5.69B 67.4% | $5.94B 71.2% | $2.94B 64.2% | $2.86B 62.6% | $2.89B 58.8% |
| Gross Profit | $955.9M 49.5% | $605.1M 43.8% | $900.3M 48.3% | $1.99B 34.3% | $2.44B 36.2% | $2.75B 32.6% | $2.40B 28.8% | $1.63B 35.8% | $1.71B 37.4% | — |
| Research & Development | $283.5M 14.7% | $247.5M 17.9% | $318.8M 17.1% | $451.6M 7.8% | $565.0M 8.4% | $703.3M 8.3% | $578.5M 6.9% | $185.7M 4.1% | $185.6M 4.1% | $201.3M 4.1% |
| Selling, General & Admin | $497.4M 25.8% | $472.0M 34.1% | $512.4M 27.5% | $907.8M 15.7% | $1.08B 16.1% | $1.17B 13.9% | $1.28B 15.3% | $674.0M 14.8% | $733.1M 16.1% | $881.7M 17.9% |
| Total Operating Expenses | $943.8M 48.9% | $921.3M 66.6% | $1.56B 83.7% | $2.92B 50.5% | $2.24B 33.3% | $2.80B 33.2% | $2.91B 34.9% | $1.18B 25.9% | $1.23B 27.0% | $4.36B 88.5% |
| Operating Income | $47.6M 2.5% | -$291.7M -21.1% | -$659.6M -35.4% | -$935.3M -16.2% | $196.6M 2.9% | -$51.8M -0.6% | -$508.5M -6.1% | $450.0M 9.9% | $472.0M 10.3% | $567.6M 11.5% |
| Interest Expense | — | $686.9M 49.7% | $675.8M 36.3% | $588.9M 10.2% | $561.2M 8.3% | $577.8M 6.8% | $577.2M 6.9% | $242.0M 5.3% | $257.0M 5.6% | $277.5M 5.6% |
| Interest & Investment Income | $16.7M 0.9% | $10.9M 0.8% | $11.1M 0.6% | $2.8M 0.0% | $1.9M 0.0% | $4.4M 0.1% | $18.1M 0.2% | $7.0M 0.2% | $4.2M 0.1% | $5.5M 0.1% |
| Other Income (Expense), net | -$9.4M -0.5% | $7.9M 0.6% | $75.5M 4.1% | $0 0.0% | -$26.5M -0.4% | -$29.3M -0.3% | -$6.4M -0.1% | -$44.3M -1.0% | -$9.4M -0.2% | -$23.1M -0.5% |
| Pretax Income | $54.9M 2.8% | -$272.9M -19.7% | -$573.0M -30.7% | -$1.52B -26.3% | -$389.2M -5.8% | -$654.5M -7.8% | -$1.07B -12.9% | $170.7M 3.7% | $209.8M 4.6% | $272.6M 5.5% |
| Income Tax Expense | -$269.4M -13.9% | -$66.9M -4.8% | $79.8M 4.3% | -$91.3M -1.6% | -$39.2M -0.6% | -$81.1M -1.0% | -$144.5M -1.7% | $30.5M 0.7% | $16.0M 0.4% | $49.7M 1.0% |
| Net Income | $2.28B 118.2% | -$315.5M -22.8% | -$1.51B -80.8% | -$1.29B -22.2% | -$462.6M -6.9% | -$573.4M -6.8% | -$929.5M -11.1% | $140.2M 3.1% | $193.8M 4.2% | $222.8M 4.5% |
| Per Share | ||||||||||
| EPS (Basic) | $10.09 | $-1.78 | $-7.44 | $-6.49 | $-2.55 | $-3.20 | $-5.02 | $0.73 | $1.01 | $1.16 |
| EPS (Diluted) | $9.63 | $-1.78 | $-7.44 | $-6.49 | $-2.55 | $-3.20 | $-5.02 | $0.72 | $0.98 | $1.13 |
| Weighted Avg Shares (Basic) | 219.5M | 214.4M | 210.9M | 207.4M | 203.6M | 196.8M | 193.7M | 192.0M | 192.4M | 192.5M |
| Weighted Avg Shares (Diluted) | 230.0M | 214.4M | 210.9M | 207.4M | 203.6M | 196.8M | 193.7M | 195.3M | 196.8M | 196.5M |
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
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
Where each multiple sits in its own 13-yr range · 58th pct blended
Dot = today · shaded = middle 50% · line = median. Lower percentile = cheaper vs its own 13-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
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 | 64.2 | 71.2 | 67.4 | 63.8 | 65.7 | 51.7 | 56.2 | 50.5 |
| Gross Profit | 35.8 | 28.8 | 32.6 | 36.2 | 34.3 | 48.3 | 43.8 | 49.5 |
| R&D | 4.1 | 6.9 | 8.3 | 8.4 | 7.8 | 17.1 | 17.9 | 14.7 |
| SG&A | 14.8 | 15.3 | 13.9 | 16.1 | 15.7 | 27.5 | 34.1 | 25.8 |
| Operating Income | 9.9 | -6.1 | -0.6 | 2.9 | -16.2 | -35.4 | -21.1 | 2.5 |
| Income Tax | 0.7 | -1.7 | -1.0 | -0.6 | -1.6 | 4.3 | -4.8 | -13.9 |
| Net Income | 3.1 | -11.1 | -6.8 | -6.9 | -22.2 | -80.8 | -22.8 | 118.2 |
Green = margin-favorable vs the row's own range · red = unfavorable.
The metrics that matter, over time
A 30-second read on VISN: 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 | $10.83T | — | — | — | — | — | — | — | — | — | 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 |
| AMAT | $331.0B | 48.2× | 38.1× | 11.7× | 4.4% | 48.7% | 24.7% | 34.3% | 25.9% | 0.8× | 2,826 |
| RPAY | $325.1B | — | — | 1051.3× | -1.2% | 75.0% | -83.0% | -53.0% | -28.2% | -1.7× | 142 |
| UMC | $283.0B | — | — | — | — | — | — | — | — | — | 302 |
| ARM | $281.9B | 311.6× | 242.9× | 57.3× | 22.8% | 97.5% | 18.4% | 10.9% | 10.9% | — | 730 |
| SAP | $261.9B | — | — | — | — | — | — | — | — | — | 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 |
| TXN | $236.9B | 47.8× | 31.2× | 13.4× | 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 |
| SNDK | $221.9B | — | — | 30.2× | 10.4% | 30.1% | -22.3% | -17.8% | -14.8% | -1.5× | 1,127 |
| 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 |
| VISN | $1.5B | 0.7× | 115.7× | 0.8× | 39.7% | 49.5% | 118% | -227% | 36.5% | 105.5× | 321 |
Peers = companies sharing VISN'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.