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Held by 892 of 5,944 reporting institutions (98th 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 $199.28 today, the market must believe free cash flow compounds 10.0%/yr for a decade (off $2.3B normalized FCF).
The market's 10.0% is more conservative than its 9-yr track record.
2-stage DCF · 0.27B shares · net debt $1.5B
mean 31.0% · volatility σ 14% · implied rate exceeded in 5/5 yrs
Central path = implied 10.0%/yr growth; shaded band = ±1σ (14%) 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 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 — FY2026
Each value shows its share of revenue below it (common-size).
| Line Item | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $9.55B 100.0% | $8.45B 100.0% | $7.26B 100.0% | $6.22B 100.0% | $5.14B 100.0% | $4.32B 100.0% | $3.63B 100.0% | $2.82B 100.0% | $2.14B 100.0% | $1.57B 100.0% |
| Research & Development | $2.68B 28.0% | $2.63B 31.1% | $2.46B 33.9% | $2.25B 36.1% | $1.88B 36.6% | $1.72B 39.9% | $1.55B 42.7% | $1.21B 42.9% | $910.6M 42.5% | $680.5M 43.2% |
| Selling, General & Admin | $912.0M 9.5% | $820.0M 9.7% | $702.0M 9.7% | $599.0M 9.6% | $486.0M 9.5% | $414.1M 9.6% | $367.7M 10.1% | $347.3M 12.3% | $222.9M 10.4% | $198.1M 12.6% |
| Total Operating Expenses | $8.83B 92.5% | $8.03B 95.1% | $7.08B 97.5% | $6.44B 103.6% | $5.25B 102.3% | $4.57B 105.8% | $4.13B 113.8% | $3.29B 116.4% | $2.45B 114.1% | $1.93B 122.4% |
| Operating Income | $721.0M 7.5% | $415.0M 4.9% | $183.0M 2.5% | -$222.0M -3.6% | -$116.0M -2.3% | -$248.6M -5.8% | -$502.2M -13.8% | -$463.3M -16.4% | -$303.2M -14.1% | -$353.1M -22.4% |
| Interest Expense | $114.0M 1.2% | $114.0M 1.3% | $114.0M 1.6% | $102.0M 1.6% | $17.0M 0.3% | $68.8M 1.6% | $58.7M 1.6% | $60.2M 2.1% | $44.5M 2.1% | $30.1M 1.9% |
| Interest & Investment Income | $318.0M 3.3% | $350.0M 4.1% | $301.0M 4.1% | $97.0M 1.6% | $5.0M 0.1% | $18.8M 0.4% | $41.3M 1.1% | $42.5M 1.5% | $25.3M 1.2% | $11.3M 0.7% |
| Other Income (Expense), net | $288.0M 3.0% | $223.0M 2.6% | $173.0M 2.4% | -$38.0M -0.6% | $132.0M 2.6% | -$26.5M -0.6% | $19.8M 0.5% | $39.5M 1.4% | -$11.6M -0.5% | -$32.4M -2.1% |
| Pretax Income | $1.01B 10.6% | $638.0M 7.6% | $356.0M 4.9% | -$260.0M -4.2% | $16.0M 0.3% | -$275.1M -6.4% | -$482.4M -13.3% | -$423.8M -15.0% | -$314.8M -14.7% | -$385.5M -24.5% |
| Income Tax Expense | $316.0M 3.3% | $112.0M 1.3% | -$1.02B -14.1% | $107.0M 1.7% | -$13.0M -0.3% | $7.3M 0.2% | -$1.8M -0.0% | -$5.5M -0.2% | $6.4M 0.3% | -$814K -0.1% |
| Net Income | $693.0M 7.3% | $526.0M 6.2% | $1.38B 19.0% | -$367.0M -5.9% | $29.0M 0.6% | -$282.4M -6.5% | -$480.7M -13.3% | -$418.3M -14.8% | -$321.2M -15.0% | -$384.7M -24.4% |
| Per Share | ||||||||||
| EPS (Basic) | $2.61 | $1.98 | $5.28 | $-1.44 | $0.12 | $-1.19 | $-2.12 | — | — | — |
| EPS (Diluted) | $2.59 | $1.95 | $5.21 | $-1.44 | $0.12 | $-1.19 | $-2.12 | — | — | — |
| Weighted Avg Shares (Basic) | 265.1M | 265.3M | 261.3M | 254.8M | 247.2M | 237.0M | 227.2M | — | — | — |
| Weighted Avg Shares (Diluted) | 268.1M | 269.2M | 265.3M | 254.8M | 254.0M | 237.0M | 227.2M | — | — | — |
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.
Is the value real, and is the business safe? Academic scores + earnings quality + solvency, from SEC filings.
7/8 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
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.
No dividend to cover. Last year: $0 dividends + $2.9B buybacks = $2.9B returned on $2.8B 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.
Modest payoff on reinvested capital. Current ROIC on all capital: 6%. 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 $1.5B covers the $0 due within a year 1501000000.0× over. Scheduled principal only (excludes interest & revolver draws). As of 2024-01-31 (10-K).
Green ≤ 1.5× · amber ≤ 3× · red > 3× (leverage relative to cash earnings).
Interest is easily covered by operating profit. Effective rate ~3.8% on $3.0B of debt.
Cash of $1.5B 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
Is the profit real, and how strong is the balance sheet?
FY2026 · 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 5.6× as fast as sales — great in an upturn, painful in a downturn.
Each line as % of revenue — the trend in color
| % of revenue | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 |
|---|---|---|---|---|---|---|---|---|
| R&D | 42.9 | 42.7 | 39.9 | 36.6 | 36.1 | 33.9 | 31.1 | 28.0 |
| SG&A | 12.3 | 10.1 | 9.6 | 9.5 | 9.6 | 9.7 | 9.7 | 9.5 |
| Operating Income | -16.4 | -13.8 | -5.8 | -2.3 | -3.6 | 2.5 | 4.9 | 7.5 |
| Income Tax | -0.2 | -0.0 | 0.2 | -0.3 | 1.7 | -14.1 | 1.3 | 3.3 |
| Net Income | -14.8 | -13.3 | -6.5 | 0.6 | -5.9 | 19.0 | 6.2 | 7.3 |
Green = margin-favorable vs the row's own range · red = unfavorable.
The metrics that matter, over time
A 30-second read on WDAY: 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.
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 | $11.16T | — | — | — | — | — | — | — | — | — | 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 |
| RPAY | $338.0B | — | — | 1092.8× | -1.2% | 75.0% | -83.0% | -53.0% | -28.2% | -1.7× | 142 |
| AMAT | $331.0B | 48.2× | 38.1× | 11.7× | 4.4% | 48.7% | 24.7% | 34.3% | 25.9% | 0.8× | 2,826 |
| UMC | $307.4B | — | — | — | — | — | — | — | — | — | 302 |
| ARM | $281.9B | 311.6× | 242.9× | 57.3× | 22.8% | 97.5% | 18.4% | 10.9% | 10.9% | — | 730 |
| SAP | $262.5B | — | — | — | — | — | — | — | — | — | 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 |
| SNDK | $235.7B | — | — | 32.0× | 10.4% | 30.1% | -22.3% | -17.8% | -14.8% | -1.5× | 1,127 |
| TXN | $234.6B | 47.4× | 30.9× | 13.3× | 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 |
| 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 |
| WDAY | $52.8B | 76.9× | 56.7× | 5.5× | 13.1% | — | 7.3% | 8.9% | 6.4% | 3.1× | 892 |
Peers = companies sharing WDAY'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.