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Data as of Q1 2026
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How management deployed cash over 10 years — and what it earned on reinvestment.
A balanced mix of reinvestment and shareholder returns.
Reinvestment has been productive — operating income grew well per dollar put in. Current ROIC on all capital: 7%. 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.
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 | $1.76B 100.0% | $1.75B 100.0% | $1.76B 100.0% | $1.84B 100.0% | $2.26B 100.0% | $1.69B 100.0% | $1.77B 100.0% | $1.72B 100.0% | $1.15B 100.0% | $655.8M 100.0% |
| Cost of Revenue | $421.8M 24.0% | $369.5M 21.1% | $374.3M 21.3% | $400.6M 21.8% | $403.8M 17.9% | $302.2M 17.9% | $328.8M 18.6% | $277.6M 16.2% | $231.3M 20.1% | $171.2M 26.1% |
| Research & Development | $324.2M 18.5% | $308.7M 17.6% | $333.6M 19.0% | $415.2M 22.6% | $430.7M 19.1% | $324.1M 19.2% | $284.4M 16.1% | $249.9M 14.5% | $193.4M 16.8% | $154.1M 23.5% |
| Selling, General & Admin | $55.9M 3.2% | $101.3M 5.8% | $117.6M 6.7% | $52.8M 2.9% | $133.5M 5.9% | $101.2M 6.0% | $90.7M 5.1% | $43.8M 2.5% | $42.3M 3.7% | $41.2M 6.3% |
| Total Operating Expenses | $1.29B 73.5% | $1.26B 71.8% | $1.29B 73.1% | $1.36B 73.8% | $1.56B 69.1% | $1.18B 70.0% | $1.17B 66.2% | $1.11B 64.5% | $742.5M 64.6% | $514.8M 78.5% |
| Operating Income | $464.8M 26.5% | $494.3M 28.2% | $472.9M 26.9% | $480.5M 26.2% | $697.4M 30.9% | $506.8M 30.0% | $597.6M 33.8% | $609.3M 35.5% | $407.6M 35.4% | $141.0M 21.5% |
| Interest Expense | $82.4M 4.7% | $105.4M 6.0% | $120.1M 6.8% | $71.6M 3.9% | $71.0M 3.1% | $57.4M 3.4% | $29.9M 1.7% | $15.4M 0.9% | — | — |
| Interest & Investment Income | $116.8M 6.6% | $123.3M 7.0% | $118.2M 6.7% | $105.4M 5.7% | $77.3M 3.4% | $85.8M 5.1% | $85.4M 4.8% | $58.0M 3.4% | $19.5M 1.7% | $7.6M 1.2% |
| Other Income (Expense), net | — | — | — | — | — | — | $59.9M 3.4% | $43.8M 2.5% | $13.3M 1.2% | $8.8M 1.3% |
| Pretax Income | $605.6M 34.5% | $420.7M 24.0% | $502.8M 28.6% | $128.1M 7.0% | $550.7M 24.4% | $375.9M 22.2% | $602.4M 34.1% | $668.8M 38.9% | $417.1M 36.3% | $110.0M 16.8% |
| Income Tax Expense | $144.5M 8.2% | $110.5M 6.3% | $145.3M 8.3% | $30.3M 1.6% | $138.8M 6.2% | $61.3M 3.6% | $109.6M 6.2% | $96.2M 5.6% | $66.7M 5.8% | $4.3M 0.7% |
| Net Income | $449.0M 25.6% | $300.8M 17.1% | $342.6M 19.5% | $85.6M 4.7% | $428.3M 19.0% | $313.4M 18.5% | $494.7M 28.0% | $571.8M 33.3% | $352.6M 30.7% | $108.0M 16.5% |
| Per Share | ||||||||||
| EPS (Basic) | $1.88 | $1.27 | $1.45 | $0.36 | $1.87 | $1.38 | $2.19 | $2.56 | $1.60 | $0.50 |
| EPS (Diluted) | $1.70 | $1.16 | $1.43 | $0.36 | $1.86 | $1.38 | $2.18 | $2.52 | $1.56 | $0.48 |
| Weighted Avg Shares (Basic) | 238.8M | 237.3M | 235.6M | 235K | 229K | 226.9M | 225.5M | 223.8M | 220.6M | 214.7M |
| Weighted Avg Shares (Diluted) | 268.6M | 265.2M | 240.0M | 236K | 230K | 227.6M | 226.4M | 232.7M | 225.4M | 222.9M |
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.
Solve the discounted cash flow backwards, then stress-test the assumptions.
To be worth $6.55 today, the market must believe free cash flow compounds -24.2%/yr for a decade (off $564M normalized FCF).
The market's -24.2% is more conservative than its 9-yr track record.
2-stage DCF · 0.25B shares · net debt -$203M
mean 15.8% · volatility σ 49% · implied rate exceeded in 8/9 yrs
Central path = implied -24.2%/yr growth; shaded band = ±1σ (49%) 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.
Earnings are backed by cash (FCF ≥ net income) — high quality. 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 41% of free cash flow, leaving room to grow it and fund buybacks. Last year: $196M dividends + $0 buybacks = $196M returned on $477M FCF.
1 consecutive years of dividend increases · -2%/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.
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.
No trend data available for this metric.
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 12-yr range · 2th pct blended
Dot = today · shaded = middle 50% · line = median. Lower percentile = cheaper vs its own 12-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
Operating leverage needs meaningful revenue change.
Each line as % of revenue — the trend in color
| % of revenue | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|
| Cost of Revenue | 16.2 | 18.6 | 17.9 | 17.9 | 21.8 | 21.3 | 21.1 | 24.0 |
| R&D | 14.5 | 16.1 | 19.2 | 19.1 | 22.6 | 19.0 | 17.6 | 18.5 |
| SG&A | 2.5 | 5.1 | 6.0 | 5.9 | 2.9 | 6.7 | 5.8 | 3.2 |
| Operating Income | 35.5 | 33.8 | 30.0 | 30.9 | 26.2 | 26.9 | 28.2 | 26.5 |
| Income Tax | 5.6 | 6.2 | 3.6 | 6.2 | 1.6 | 8.3 | 6.3 | 8.2 |
| Net Income | 33.3 | 28.0 | 18.5 | 19.0 | 4.7 | 19.5 | 17.1 | 25.6 |
Green = margin-favorable vs the row's own range · red = unfavorable.
The metrics that matter, over time
A 30-second read on WB: price, valuation, headline fundamentals, and an auto-generated scorecard from SEC filings. Flags are rule-based signals, not recommendations.
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).
Coverage is adequate but not comfortable. Effective rate ~3.9% on $2.1B of debt.
Cash vs short-term debt unavailable.
Mostly long-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.
Ranked against 192 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| GOOG | $4.15T | 31.8× | 27.8× | 10.3× | 15.1% | 59.7% | 32.8% | 31.8% | 28.5% | 0.3× | 4,874 |
| META | $1.72T | 29.1× | 17.1× | 8.6× | 22.2% | 82.0% | 30.1% | 27.8% | 21.9% | 0.6× | 4,839 |
| AMX | $1.40T | — | — | — | — | — | — | — | — | — | 318 |
| CHT | $354.7B | — | — | — | — | — | — | — | — | — | 206 |
| NFLX | $318.0B | 29.8× | 23.7× | 7.0× | 15.9% | 48.5% | 24.3% | 41.3% | 26.7% | 1.1× | 3,458 |
| CCZ | $239.2B | 12.0× | 6.4× | 1.9× | -0.0% | — | 16.2% | 20.6% | 19.4% | 0.2× | 1 |
| VZ | $204.2B | 11.9× | 4.2× | 1.5× | 2.5% | — | 12.4% | 16.2% | 16.2% | 0.0× | 3,122 |
| DIS | $200.2B | 15.4× | 10.3× | 2.1× | 3.4% | — | 13.1% | 11.3% | 8.2% | 1.8× | 2,883 |
| TMUS | $184.2B | 17.1× | 8.3× | 2.1× | 8.5% | — | 12.4% | 18.6% | 7.6% | 2.7× | 1,648 |
| T | $182.0B | 8.3× | 6.8× | 1.4× | 2.7% | — | 17.5% | 17.4% | 8.1% | 3.2× | 2,848 |
| VEON | $127.2B | — | — | — | — | — | — | — | — | — | 97 |
| DASH | $83.1B | 91.3× | 53.5× | 6.1× | 27.9% | — | 6.8% | 9.3% | 9.3% | — | 973 |
| WBD | $70.0B | 97.4× | 15.3× | 1.9× | -5.1% | — | 1.9% | 2.0% | 1.1% | 5.1× | 1,259 |
| EA | $52.6B | 59.7× | 36.1× | 7.0× | 0.9% | 79.0% | 11.8% | 13.1% | 13.1% | — | 998 |
| LYV | $39.6B | — | 25.1× | 1.6× | 8.8% | — | 2.0% | 183% | 5.9% | 5.0× | 779 |
| TTWO | $39.0B | — | 424.4× | 5.9× | 18.2% | 57.2% | -4.5% | -8.5% | -4.9% | 26.7× | 1,011 |
| TWLO | $37.5B | 1172.6× | 107.1× | 7.4× | 13.7% | 48.9% | 0.7% | 0.4% | 0.4% | 2.8× | 776 |
| RDDT | $28.5B | 58.3× | 60.1× | 12.9× | 69.4% | 91.2% | 24.1% | 18.1% | 18.1% | — | 765 |
| FOX | $26.9B | 11.9× | — | 1.6× | 16.6% | — | 14.1% | 19.2% | 12.4% | — | 505 |
| OMC | $24.6B | — | 57.5× | 1.4× | 10.1% | 8.5% | -0.3% | -0.5% | -0.3% | 15.8× | 1,083 |
| ROKU | $22.8B | 261.1× | 530.2× | 4.8× | 15.2% | 43.8% | 1.9% | 3.3% | 3.3% | — | 665 |
| FWONA | $21.5B | — | 39.5× | 4.8× | 22.7% | — | 12.4% | 7.2% | 4.3% | 7.9× | 283 |
| NWS | $18.9B | 16.1× | — | 2.2× | 2.4% | — | 14.0% | 13.4% | 11.0% | — | 304 |
| CHTR | $18.0B | 3.7× | 5.3× | 0.3× | -0.6% | — | 9.1% | 31.1% | 4.5% | 4.5× | 760 |
| TKO | $15.3B | 83.8× | 13.8× | 3.2× | -3.1% | — | 4.1% | 5.2% | 2.6% | 2.9× | 616 |
| WB | $1.6B | 3.9× | 2.8× | 0.9× | 0.1% | 76.0% | 25.6% | 11.5% | 7.5% | 4.1× | 140 |
Peers = companies sharing WB's sector (Communication Services) 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.
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