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Held by 473 of 5,944 reporting institutions (97th percentile) — extremely crowded.
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.
Modest payoff on reinvested capital. Current ROIC on all capital: 0%. 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.
Green ≤ 1.5× · amber ≤ 3× · red > 3× (leverage relative to cash earnings).
Thin coverage — earnings barely cover interest.
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. 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 | $4.10T | 31.4× | 27.4× | 10.2× | 15.1% | 59.7% | 32.8% | 31.8% | 28.5% | 0.3× | 4,874 |
| META | $1.70T | 28.7× | 16.9× | 8.4× | 22.2% | 82.0% | 30.1% | 27.8% | 21.9% | 0.6× | 4,839 |
| AMX | $1.40T | — | — | — | — | — | — | — | — | — | 318 |
| CHT | $350.5B | — | — | — | — | — | — | — | — | — | 206 |
| NFLX | $322.6B | 30.2× | 24.0× | 7.1× | 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 | $210.3B | 12.3× | 4.3× | 1.5× | 2.5% | — | 12.4% | 16.2% | 16.2% | 0.0× | 3,122 |
| DIS | $203.3B | 15.6× | 10.5× | 2.1× | 3.4% | — | 13.1% | 11.3% | 8.2% | 1.8× | 2,883 |
| TMUS | $195.1B | 18.1× | 8.7× | 2.2× | 8.5% | — | 12.4% | 18.6% | 7.6% | 2.7× | 1,648 |
| T | $185.4B | 8.5× | 6.9× | 1.5× | 2.7% | — | 17.5% | 17.4% | 8.1% | 3.2× | 2,848 |
| VEON | $126.7B | — | — | — | — | — | — | — | — | — | 97 |
| DASH | $84.0B | 92.4× | 54.2× | 6.1× | 27.9% | — | 6.8% | 9.3% | 9.3% | — | 973 |
| WBD | $69.6B | 96.8× | 15.2× | 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 | $40.3B | — | 25.5× | 1.6× | 8.8% | — | 2.0% | 183% | 5.9% | 5.0× | 779 |
| TTWO | $39.3B | — | 426.8× | 5.9× | 18.2% | 57.2% | -4.5% | -8.5% | -4.9% | 26.7× | 1,011 |
| TWLO | $36.4B | 1137.5× | 103.9× | 7.2× | 13.7% | 48.9% | 0.7% | 0.4% | 0.4% | 2.8× | 776 |
| RDDT | $29.4B | 60.1× | 62.1× | 13.3× | 69.4% | 91.2% | 24.1% | 18.1% | 18.1% | — | 765 |
| FOX | $27.3B | 12.1× | — | 1.7× | 16.6% | — | 14.1% | 19.2% | 12.4% | — | 505 |
| OMC | $24.8B | — | 57.9× | 1.4× | 10.1% | 8.5% | -0.3% | -0.5% | -0.3% | 15.8× | 1,083 |
| ROKU | $22.9B | 262.9× | 534.0× | 4.8× | 15.2% | 43.8% | 1.9% | 3.3% | 3.3% | — | 665 |
| FWONA | $21.9B | — | 40.0× | 4.9× | 22.7% | — | 12.4% | 7.2% | 4.3% | 7.9× | 283 |
| NWS | $19.0B | 16.1× | — | 2.3× | 2.4% | — | 14.0% | 13.4% | 11.0% | — | 304 |
| CHTR | $18.2B | 3.7× | 5.4× | 0.3× | -0.6% | — | 9.1% | 31.1% | 4.5% | 4.5× | 760 |
| TKO | $15.6B | 85.2× | 14.0× | 3.3× | -3.1% | — | 4.1% | 5.2% | 2.6% | 2.9× | 616 |
| Z | $7.6B | 347.9× | 29.6× | 2.9× | 15.5% | 74.1% | 0.9% | 0.5% | 0.5% | — | 473 |
Peers = companies sharing Z'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.
Solve the discounted cash flow backwards, then stress-test the assumptions.
To be worth $30.10 today, the market must believe free cash flow compounds 11.5%/yr for a decade (off $246M normalized FCF).
The market's 11.5% is more optimistic than its 8-yr track record.
2-stage DCF · 0.24B shares · net debt -$768M
mean -255.3% · volatility σ 455% · implied rate exceeded in 1/5 yrs
Central path = implied 11.5%/yr growth; shaded band = ±1σ (455%) 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.
6/8 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.
Earnings are backed by cash (FCF ≥ net income) — high quality. Lower/negative accruals = higher quality (Sloan).
Interest coverage is thin — monitor.
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 + $670M buybacks = $670M returned on $235M 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.
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
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 | $2.58B 100.0% | $2.24B 100.0% | $1.95B 100.0% | $1.96B 100.0% | $2.13B 100.0% | $1.62B 100.0% | $2.74B 100.0% | $1.33B 100.0% | $1.08B 100.0% | $846.6M 100.0% |
| Cost of Revenue | $668.0M 25.9% | $527.0M 23.6% | $421.0M 21.6% | $367.0M 18.7% | $323.0M 15.2% | $255.0M 15.7% | $1.54B 56.3% | $153.6M 11.5% | $85.2M 7.9% | $69.3M 8.2% |
| Gross Profit | $1.92B 74.1% | $1.71B 76.4% | $1.52B 78.4% | $1.59B 81.3% | $1.81B 84.8% | $1.37B 84.3% | $1.20B 43.7% | — | — | — |
| Research & Development | $607.0M 23.5% | $585.0M 26.2% | $560.0M 28.8% | $498.0M 25.4% | $421.0M 19.7% | $324.0M 20.0% | $350.9M 12.8% | $410.8M 30.8% | $320.0M 29.7% | $255.6M 30.2% |
| Selling, General & Admin | $497.0M 19.2% | $524.0M 23.4% | $553.0M 28.4% | $498.0M 25.4% | $414.0M 19.4% | $324.0M 20.0% | $366.0M 13.3% | $262.2M 19.7% | $210.8M 19.6% | $332.0M 39.2% |
| Total Operating Expenses | $1.95B 75.5% | $1.91B 85.2% | $1.79B 92.2% | $1.68B 86.0% | $1.57B 73.6% | $1.26B 77.6% | $1.45B 52.7% | $1.46B 109.7% | $1.24B 115.0% | $1.04B 122.8% |
| Operating Income | -$34.0M -1.3% | -$197.0M -8.8% | -$270.0M -13.9% | -$93.0M -4.7% | $239.0M 11.2% | $109.0M 6.7% | -$247.5M -9.0% | -$129.0M -9.7% | -$161.9M -15.0% | -$192.9M -22.8% |
| Interest Expense | $18.0M 0.7% | $36.0M 1.6% | $36.0M 1.9% | $35.0M 1.8% | $128.0M 6.0% | $138.0M 8.5% | $101.8M 3.7% | $41.3M 3.1% | $27.5M 2.6% | $7.4M 0.9% |
| Pretax Income | $25.0M 1.0% | -$107.0M -4.8% | -$154.0M -7.9% | -$85.0M -4.3% | $101.0M 4.7% | -$3.0M -0.2% | -$309.6M -11.3% | -$151.0M -11.3% | -$184.0M -17.1% | -$220.3M -26.0% |
| Income Tax Expense | $2.0M 0.1% | $5.0M 0.2% | $4.0M 0.2% | $3.0M 0.2% | -$1.0M -0.0% | -$8.0M -0.5% | -$4.3M -0.2% | -$31.1M -2.3% | -$89.6M -8.3% | $130K 0.0% |
| Net Income | $23.0M 0.9% | -$112.0M -5.0% | -$158.0M -8.1% | -$101.0M -5.2% | -$528.0M -24.8% | -$162.0M -10.0% | -$305.4M -11.1% | -$119.9M -9.0% | -$94.4M -8.8% | -$220.4M -26.0% |
| Per Share | ||||||||||
| EPS (Basic) | $0.09 | $-0.48 | $-0.68 | $-0.42 | $-2.11 | $-0.72 | $-1.48 | — | — | — |
| EPS (Diluted) | $0.09 | $-0.48 | $-0.68 | $-0.42 | $-2.02 | $-0.70 | $-1.48 | — | — | — |
| Weighted Avg Shares (Basic) | 241.9M | 234.1M | 233.6M | 242.2M | 249.9M | 223.8M | 206.4M | — | — | — |
| Weighted Avg Shares (Diluted) | 254.1M | 234.1M | 233.6M | 242.2M | 261.8M | 231.4M | 206.4M | — | — | — |
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
No material risks flagged.
Where each multiple sits in its own 11-yr range · 0th pct blended
Dot = today · shaded = middle 50% · line = median. Lower percentile = cheaper vs its own 11-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 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|
| Cost of Revenue | 11.5 | 56.3 | 15.7 | 15.2 | 18.7 | 21.6 | 23.6 | 25.9 |
| Gross Profit | — | 43.7 | 84.3 | 84.8 | 81.3 | 78.4 | 76.4 | 74.1 |
| R&D | 30.8 | 12.8 | 20.0 | 19.7 | 25.4 | 28.8 | 26.2 | 23.5 |
| SG&A | 19.7 | 13.3 | 20.0 | 19.4 | 25.4 | 28.4 | 23.4 | 19.2 |
| Operating Income | -9.7 | -9.0 | 6.7 | 11.2 | -4.7 | -13.9 | -8.8 | -1.3 |
| Income Tax | -2.3 | -0.2 | -0.5 | -0.0 | 0.2 | 0.2 | 0.2 | 0.1 |
| Net Income | -9.0 | -11.1 | -10.0 | -24.8 | -5.2 | -8.1 | -5.0 | 0.9 |
Green = margin-favorable vs the row's own range · red = unfavorable.
The metrics that matter, over time
A 30-second read on Z: price, valuation, headline fundamentals, and an auto-generated scorecard from SEC filings. Flags are rule-based signals, not recommendations.