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Institutional distribution: ownership decreased -0.95% 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.
Solve the discounted cash flow backwards, then stress-test the assumptions.
To be worth $0.77 today, the market must believe free cash flow compounds 6.4%/yr for a decade (off $555333 normalized FCF).
The market's 6.4% is more conservative than its 2-yr track record.
2-stage DCF · 0.01B shares · net debt $0
mean 132.9% · volatility σ 234% · implied rate exceeded in 1/2 yrs
Central path = implied 6.4%/yr growth; shaded band = ±1σ (234%) 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.
Top 22 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
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 data unavailable. Lower/negative accruals = higher quality (Sloan).
Coverage data unavailable.
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 $585000 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: -45%. 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.
$50000 of principal comes due within a year. Scheduled principal only (excludes interest & revolver draws). As of 2012-09-30 (10-Q).
Insufficient EBITDA/debt history.
Green ≤ 1.5× · amber ≤ 3× · red > 3× (leverage relative to cash earnings).
Thin coverage — earnings barely cover interest. Effective rate ~2.3% on $1M of debt. Interest last disclosed in FY2023 (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.
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 | FY2021 | FY2020 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $16.4M 100.0% | $24.2M 100.0% | $25.3M 100.0% | $19.6M 100.0% | $867K 100.0% | $867K 100.0% | $343K 100.0% | $343K 100.0% | $245K 100.0% | $75K 100.0% |
| Cost of Revenue | $10.1M 61.5% | $15.5M 64.2% | $17.3M 68.3% | $13.1M 66.9% | $268K 30.9% | $268K 30.9% | $62K 18.1% | $62K 18.1% | $45K 18.4% | $29K 38.5% |
| Gross Profit | $6.3M 38.5% | $8.7M 35.8% | $8.0M 31.7% | $6.5M 33.1% | $599K 69.1% | $599K 69.1% | $281K 81.9% | $281K 81.9% | $200K 81.6% | $46K 61.5% |
| Research & Development | $20K 0.1% | $70K 0.3% | $107K 0.4% | $89K 0.5% | $51K 5.9% | $51K 5.9% | $19K 5.5% | $19K 5.5% | $5K 2.0% | $188K 250.6% |
| Selling, General & Admin | $3.4M 20.8% | $3.9M 15.9% | $4.4M 17.4% | $8.4M 43.1% | $4.2M 486.3% | $3.0M 345.4% | $2.2M 627.1% | $2.1M 604.1% | $1.4M 554.7% | $1.6M 2117.0% |
| Total Operating Expenses | $11.4M 69.5% | $13.1M 53.9% | $11.4M 44.9% | $10.2M 52.3% | $5.4M 626.3% | $5.4M 626.3% | $3.8M 1122.2% | $3.8M 1122.2% | $2.6M 1074.3% | $2.6M 3528.0% |
| Operating Income | -$5.1M -30.9% | -$4.4M -18.1% | -$3.3M -13.1% | -$3.7M -19.1% | -$4.8M -557.2% | -$4.8M -557.2% | -$3.6M -1040.2% | -$3.6M -1040.2% | -$2.4M -992.7% | -$2.6M -3466.4% |
| Interest Expense | — | — | $31K 0.1% | — | — | — | — | — | — | -$7K -8.9% |
| Other Income (Expense), net | $165K 1.0% | $566K 2.3% | -$62K -0.2% | -$10.7M -54.4% | $8.4M 973.8% | $8.4M 973.8% | -$2.3M -680.5% | -$2.3M -680.5% | -$75K -30.6% | -$337K -449.6% |
| Pretax Income | -$4.9M -29.9% | -$3.9M -16.0% | -$3.4M -13.4% | -$14.4M -73.6% | -$3.6M -416.6% | — | -$5.9M -1720.7% | — | -$2.5M -1023.7% | -$3K -3.9% |
| Income Tax Expense | -$1.1M -6.8% | -$1.2M -4.9% | $0 0.0% | — | — | — | — | — | — | — |
| Net Income | -$4.9M -29.9% | -$3.8M -15.8% | -$3.4M -13.4% | -$14.4M -73.5% | $3.6M 416.6% | $3.6M 416.6% | -$5.9M -1720.7% | -$5.9M -1720.7% | -$2.5M -1023.3% | -$2.9M -3916.0% |
| Per Share | ||||||||||
| EPS (Basic) | $-0.39 | $-0.37 | $-0.35 | $-1.70 | $0.51 | $0.51 | $-1.48 | $-1.48 | $-1.17 | $-0.03 |
| EPS (Diluted) | $-0.39 | $-0.37 | $-0.35 | $-1.70 | $0.49 | $0.49 | $-1.48 | $-1.48 | $-1.17 | $-0.03 |
| Weighted Avg Shares (Basic) | 12.6M | 10.4M | 9.8M | 8.5M | 7.1M | 7.1M | 4.0M | 4.0M | 2.1M | 93.9M |
| Weighted Avg Shares (Diluted) | 12.6M | 10.4M | 9.8M | 8.5M | 7.4M | 7.4M | 4.0M | 4.0M | 2.1M | 93.9M |
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.
EOD close · as of 2026-09-17
Nothing notable to watch.
Where each multiple sits in its own 14-yr range · 37th 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 | FY2020 | FY2020 | FY2021 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|
| Cost of Revenue | 18.1 | 18.1 | 30.9 | 30.9 | 66.9 | 68.3 | 64.2 | 61.5 |
| Gross Profit | 81.9 | 81.9 | 69.1 | 69.1 | 33.1 | 31.7 | 35.8 | 38.5 |
| R&D | 5.5 | 5.5 | 5.9 | 5.9 | 0.5 | 0.4 | 0.3 | 0.1 |
| SG&A | 604.1 | 627.1 | 345.4 | 486.3 | 43.1 | 17.4 | 15.9 | 20.8 |
| Operating Income | -1040.2 | -1040.2 | -557.2 | -557.2 | -19.1 | -13.1 | -18.1 | -30.9 |
| Income Tax | — | — | — | — | — | 0.0 | -4.9 | -6.8 |
| Net Income | -1720.7 | -1720.7 | 416.6 | 416.6 | -73.5 | -13.4 | -15.8 | -29.9 |
Green = margin-favorable vs the row's own range · red = unfavorable.
The metrics that matter, over time
A 30-second read on VRME: price, valuation, headline fundamentals, and an auto-generated scorecard from SEC filings. Flags are rule-based signals, not recommendations.
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 |
| VRME | $9M | — | — | 0.5× | -32.3% | 38.5% | -29.9% | -44.6% | -44.6% | — | 22 |
Peers = companies sharing VRME'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.