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Held by 781 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 $92.16 today, the market must believe free cash flow compounds 4.0%/yr for a decade (off $1.7B normalized FCF).
The market's 4.0% is more conservative than its 8-yr track record.
2-stage DCF · 0.30B shares · net debt -$1.3B
mean 211.9% · volatility σ 392% · implied rate exceeded in 7/8 yrs
Central path = implied 4.0%/yr growth; shaded band = ±1σ (392%) 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.
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 |
| ZM | $27.7B | 14.9× | 21.0× | 5.7× | 4.4% | 77.0% | 39.0% | 19.4% | 19.4% | — | 781 |
Peers = companies sharing ZM'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.
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 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | $4.87B 100.0% | $4.67B 100.0% | $4.53B 100.0% | $4.39B 100.0% | $4.10B 100.0% | $2.65B 100.0% | $622.7M 100.0% | $330.5M 100.0% | $151.5M 100.0% |
| Cost of Revenue | $1.12B 23.0% | $1.13B 24.2% | $1.08B 23.8% | $1.10B 25.1% | $1.05B 25.7% | $822.0M 31.0% | $115.4M 18.5% | $61.0M 18.5% | $30.8M 20.3% |
| Gross Profit | $3.75B 77.0% | $3.54B 75.8% | $3.45B 76.2% | $3.29B 74.9% | $3.05B 74.3% | $1.83B 69.0% | $507.3M 81.5% | $269.5M 81.5% | $120.7M 79.7% |
| Research & Development | $844.9M 17.4% | $852.4M 18.3% | $803.2M 17.7% | $774.1M 17.6% | $363.0M 8.9% | $164.1M 6.2% | $67.1M 10.8% | $33.0M 10.0% | $15.7M 10.4% |
| Selling, General & Admin | $392.9M 8.1% | $442.7M 9.5% | $579.6M 12.8% | $576.4M 13.1% | $482.8M 11.8% | $320.5M 12.1% | $86.8M 13.9% | $44.5M 13.5% | $27.1M 17.9% |
| Total Operating Expenses | $2.63B 53.9% | $2.72B 58.4% | $2.92B 64.6% | $3.05B 69.4% | $1.98B 48.3% | $1.17B 44.1% | $494.6M 79.4% | $263.3M 79.7% | $125.5M 82.9% |
| Operating Income | $1.12B 23.1% | $813.3M 17.4% | $525.3M 11.6% | $245.4M 5.6% | $1.06B 25.9% | $659.8M 24.9% | $12.7M 2.0% | $6.2M 1.9% | -$4.8M -3.2% |
| Pretax Income | $2.42B 49.8% | $1.32B 28.2% | $832.3M 18.4% | $249.3M 5.7% | $1.10B 26.9% | $678.0M 25.6% | $26.4M 4.2% | $8.3M 2.5% | -$3.5M -2.3% |
| Income Tax Expense | $522.1M 10.7% | $305.3M 6.5% | $194.8M 4.3% | $145.6M 3.3% | -$274.0M -6.7% | $5.7M 0.2% | $1.1M 0.2% | $765K 0.2% | $304K 0.2% |
| Net Income | $1.90B 39.0% | $1.01B 21.7% | $637.5M 14.1% | $103.7M 2.4% | $1.38B 33.6% | $672.3M 25.4% | $25.3M 4.1% | $7.6M 2.3% | -$3.8M -2.5% |
| Per Share | |||||||||
| EPS (Basic) | $6.32 | $3.28 | $2.12 | $0.35 | $4.64 | $2.37 | $0.09 | $0.00 | $-0.11 |
| EPS (Diluted) | $6.18 | $3.21 | $2.07 | $0.34 | $4.50 | $2.25 | $0.09 | $0.00 | $-0.11 |
| Weighted Avg Shares (Basic) | 300.5M | 308.0M | 300.7M | 296.6M | 296.3M | 283.9M | 233.6M | 84.5M | 78.1M |
| Weighted Avg Shares (Diluted) | 307.3M | 315.1M | 308.5M | 304.2M | 305.8M | 298.1M | 254.3M | 116.0M | 78.1M |
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.
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).
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 + $1.6B buybacks = $1.6B returned on $1.9B 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 9 years — and what it earned on reinvestment.
A cash-return story — far more went to shareholders than back into the business (mature, low-reinvestment).
Reinvestment has been productive — operating income grew well per dollar put in. Current ROIC on all capital: 19%. Rough measure (includes maintenance capex).
Cash uses aggregated from the SEC cash-flow statement over 9 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.
Insufficient EBITDA/debt history.
Green ≤ 1.5× · amber ≤ 3× · red > 3× (leverage relative to cash earnings).
Interest expense isn't separately reported — often netted into “other income (expense), net.”
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.
EOD close · as of 2026-09-17
No material risks flagged.
Is the profit real, and how strong is the balance sheet?
FY2026 · every deduction from revenue to net income
DuPont — the three levers
Returns are margin-driven, not leverage-driven — higher quality.
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 8.8× 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 |
|---|---|---|---|---|---|---|---|---|
| Cost of Revenue | 18.5 | 18.5 | 31.0 | 25.7 | 25.1 | 23.8 | 24.2 | 23.0 |
| Gross Profit | 81.5 | 81.5 | 69.0 | 74.3 | 74.9 | 76.2 | 75.8 | 77.0 |
| R&D | 10.0 | 10.8 | 6.2 | 8.9 | 17.6 | 17.7 | 18.3 | 17.4 |
| SG&A | 13.5 | 13.9 | 12.1 | 11.8 | 13.1 | 12.8 | 9.5 | 8.1 |
| Operating Income | 1.9 | 2.0 | 24.9 | 25.9 | 5.6 | 11.6 | 17.4 | 23.1 |
| Income Tax | 0.2 | 0.2 | 0.2 | -6.7 | 3.3 | 4.3 | 6.5 | 10.7 |
| Net Income | 2.3 | 4.1 | 25.4 | 33.6 | 2.4 | 14.1 | 21.7 | 39.0 |
Green = margin-favorable vs the row's own range · red = unfavorable.
The metrics that matter, over time
A 30-second read on ZM: price, valuation, headline fundamentals, and an auto-generated scorecard from SEC filings. Flags are rule-based signals, not recommendations.
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