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Held by 981 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.
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 $244.50 today, the market must believe free cash flow compounds 17.7%/yr for a decade (off $869M normalized FCF).
The market's 17.7% is more optimistic than its 9-yr track record.
2-stage DCF · 0.13B shares · net debt $4.2B
mean 22.6% · volatility σ 42% · implied rate exceeded in 6/9 yrs
Central path = implied 17.7%/yr growth; shaded band = ±1σ (42%) 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
Needs granular two-year detail (receivables, PP&E, D&A, SG&A) — not fully reported.
Earnings are backed by cash (FCF ≥ net income) — high quality. Lower/negative accruals = higher quality (Sloan).
Comfortably covers interest; 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.
The dividend is comfortably covered — only 23% of free cash flow, leaving room to grow it and fund buybacks. Last year: $260M dividends + $438M buybacks = $698M returned on $1.1B FCF.
9 consecutive years of dividend increases · 11%/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.
Modest payoff on reinvested capital. Current ROIC on all capital: 8%. 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 $183M covers the $400000 due within a year 458.3× over. Scheduled principal only (excludes interest & revolver draws). As of 2025-12-31 (10-K).
Green ≤ 1.5× · amber ≤ 3× · red > 3× (leverage relative to cash earnings).
Interest is easily covered by operating profit. Effective rate ~5.5% on $4.4B of debt.
Cash of $183M 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 | $7.94B 100.0% | $7.42B 100.0% | $7.78B 100.0% | $7.32B 100.0% | $5.55B 100.0% | $4.86B 100.0% | $4.93B 100.0% | $4.38B 100.0% | $3.89B 100.0% | $3.59B 100.0% |
| Cost of Revenue | $5.77B 72.6% | $5.42B 73.0% | $5.83B 75.0% | $5.76B 78.7% | $4.18B 75.3% | $3.58B 73.6% | $3.67B 74.5% | $3.28B 74.9% | $2.90B 74.5% | $2.60B 72.5% |
| Gross Profit | $2.17B 27.4% | $2.00B 27.0% | $1.95B 25.0% | $1.56B 21.3% | $1.37B 24.7% | $1.28B 26.4% | $1.26B 25.5% | $1.10B 25.1% | $993.5M 25.5% | $988.9M 27.5% |
| Selling, General & Admin | $564.1M 7.1% | $531.1M 7.2% | $542.8M 7.0% | $515.1M 7.0% | $417.6M 7.5% | $359.8M 7.4% | $370.5M 7.5% | $333.4M 7.6% | $325.0M 8.4% | $316.8M 8.8% |
| Operating Income | $1.62B 20.4% | $1.36B 18.4% | $1.43B 18.3% | $951.4M 13.0% | $1.01B 18.2% | $895.7M 18.4% | $877.5M 17.8% | $747.7M 17.1% | $639.0M 16.4% | $665.9M 18.5% |
| Interest Expense | $239.7M 3.0% | $191.2M 2.6% | $196.1M 2.5% | $169.2M 2.3% | $149.3M 2.7% | $136.0M 2.8% | $130.2M 2.6% | $138.0M 3.1% | $295.5M 7.6% | $134.1M 3.7% |
| Other Income (Expense), net | -$3.2M -0.0% | -$22.1M -0.3% | -$2.7M -0.0% | $5.1M 0.1% | $10.7M 0.2% | -$17.5M -0.4% | $9.2M 0.2% | $13.0M 0.3% | $13.4M 0.3% | $14.6M 0.4% |
| Pretax Income | $1.39B 17.5% | $1.17B 15.8% | $1.25B 16.0% | $788.1M 10.8% | $873.8M 15.7% | $743.8M 15.3% | $757.7M 15.4% | $623.3M 14.2% | $361.3M 9.3% | $547.3M 15.2% |
| Income Tax Expense | $307.5M 3.9% | $251.4M 3.4% | $299.4M 3.8% | $193.0M 2.6% | $200.1M 3.6% | $155.8M 3.2% | $135.2M 2.7% | $105.4M 2.4% | -$232.1M -6.0% | $124.9M 3.5% |
| Net Income | $1.08B 13.6% | $911.9M 12.3% | $933.2M 12.0% | $575.6M 7.9% | $670.8M 12.1% | $584.5M 12.0% | $617.7M 12.5% | $515.8M 11.8% | $601.2M 15.5% | $419.5M 11.7% |
| Per Share | ||||||||||
| EPS (Basic) | $8.16 | $6.89 | $7.02 | $4.33 | $5.05 | $4.41 | $4.67 | $3.90 | $4.54 | $3.15 |
| EPS (Diluted) | $8.11 | $6.85 | $6.98 | $4.31 | $5.02 | $4.39 | $4.63 | $3.85 | $4.46 | $3.09 |
| Weighted Avg Shares (Basic) | 132.0M | 132.3M | 133.0M | 133.0M | 132.8M | 132.6M | 132.3M | 132.4M | 132.5M | 133.2M |
| Weighted Avg Shares (Diluted) | 132.7M | 133.1M | 133.7M | 133.6M | 133.5M | 133.2M | 133.4M | 133.9M | 134.9M | 135.8M |
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.
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.
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 | $114.2B | — | — | — | — | — | — | — | — | — | 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 | $66.6B | — | — | — | — | — | — | — | — | — | 809 |
| APD | $63.7B | — | 90.0× | 5.3× | -0.5% | 31.4% | -3.3% | -2.6% | -2.6% | 0.1× | 1,702 |
| NUE | $61.2B | 35.3× | — | 1.9× | 5.7% | 11.9% | 5.4% | 8.3% | 8.3% | — | 1,325 |
| VALE | $60.1B | — | — | — | — | — | — | — | — | — | 537 |
| 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× | 15.2× | 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 |
Peers = companies sharing VMC'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.
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 · 43th 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
High operating leverage: profit moved 2.6× 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 | 74.9 | 74.5 | 73.6 | 75.3 | 78.7 | 75.0 | 73.0 | 72.6 |
| Gross Profit | 25.1 | 25.5 | 26.4 | 24.7 | 21.3 | 25.0 | 27.0 | 27.4 |
| SG&A | 7.6 | 7.5 | 7.4 | 7.5 | 7.0 | 7.0 | 7.2 | 7.1 |
| Operating Income | 17.1 | 17.8 | 18.4 | 18.2 | 13.0 | 18.3 | 18.4 | 20.4 |
| Income Tax | 2.4 | 2.7 | 3.2 | 3.6 | 2.6 | 3.8 | 3.4 | 3.9 |
| Net Income | 11.8 | 12.5 | 12.0 | 12.1 | 7.9 | 12.0 | 12.3 | 13.6 |
Green = margin-favorable vs the row's own range · red = unfavorable.
The metrics that matter, over time
A 30-second read on VMC: price, valuation, headline fundamentals, and an auto-generated scorecard from SEC filings. Flags are rule-based signals, not recommendations.