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Data as of Q2 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.
Ranked against 15 sector peers with collected financials. Valuation from latest close × latest fiscal-year fundamentals; 13F conviction as of 2026-06-30.
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| XPEL | $1.3B | 24.6× | 17.4× | 2.6× | 13.3% | 42.2% | 10.8% | 18.3% | 18.3% | -0.7× | 207 |
| NPK | $1.0B | — | 23.8× | 2.1× | 29.7% | 16.0% | 6.6% | 8.4% | 8.4% | -0.1× | 179 |
| BW | $742M | — | 21.1× | 1.3× | 1.1% | 24.5% | -6.2% | 27.5% | 27.5% | -2.9× | 193 |
| PKOH | $714M | 29.0× | 6.8× | 0.5× | -3.4% | 17.0% | 1.5% | 6.2% | 6.1% | -0.4× | 101 |
| RGR | $690M | — | 63.5× | 1.3× | 1.9% | 14.9% | -0.8% | -1.5% | -1.5% | -1.8× | 172 |
| SWBI | $638M | 34.7× | — | 1.2× | 10.4% | 26.9% | 3.5% | 4.9% | 4.9% | — | 199 |
| JBI | $584M | 11.3× | 7.5× | 0.7× | -8.3% | 38.8% | 6.1% | 9.4% | 4.8% | 2.8× | 217 |
| CIX | $469M | 24.1× | 15.8× | 3.0× | 8.5% | 30.4% | 12.3% | 14.1% | 14.1% | -2.1× | 47 |
| MEC | $376M | — | 13.5× | 0.7× | -6.0% | 9.9% | -1.5% | -3.4% | -3.4% | -0.1× | 149 |
| OFLX | $265M | 17.8× | 11.6× | 2.7× | -3.3% | 60.0% | 15.1% | 17.6% | 17.6% | -2.9× | 108 |
| POWW | $261M | — | 23.8× | 5.1× | 3.5% | 87.2% | -6.9% | -1.5% | -1.5% | -8.4× | 147 |
| ACU | $239M | 25.1× | 13.3× | 1.2× | 1.1% | 39.4% | 5.2% | 8.7% | 7.9% | 0.5× | 83 |
| LCUT | $212M | — | — | 0.3× | -5.1% | 37.1% | -4.2% | -13.3% | -7.9% | — | 88 |
| EML | $145M | 20.6× | 11.9× | 0.6× | -8.7% | 22.9% | 2.9% | 5.7% | 4.5% | 1.8× | 66 |
| ZJK | $121M | 11.8× | 10.4× | 2.2× | 48.4% | 43.7% | 18.1% | 23.4% | 23.4% | -1.4× | — |
| ZKIN | $106M | — | — | 1.5× | -34.2% | 5.7% | -5.6% | -16.3% | -16.3% | — | 8 |
Peers = companies sharing ACU's sector (Cutlery, Handtools & General Hardware) 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
What the company returns to shareholders — and whether it's covered by cash.
The dividend is comfortably covered — only 31% of free cash flow, leaving room to grow it and fund buybacks. Last year: $2.3M dividends + $0 buybacks = $2.3M returned on $7.6M FCF.
8 consecutive years of dividend increases · 5%/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.
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: 8%. 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).
Interest is easily covered by operating profit. Effective rate ~14.2% on $11.9M 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.
EOD close · as of 2026-10-14
How a revenue dollar becomes profit — FY2025
Dividends and buybacks are cash paid out, shown here against the same year's profit for scale — not funded from it.
Each value shows its share of revenue below it (common-size).
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $196.5M 100.0% | $194.5M 100.0% | $191.5M 100.0% | $194.0M 100.0% | $182.1M 100.0% | $164.0M 100.0% | $142.5M 100.0% | $137.3M 100.0% | $130.6M 100.0% | $124.6M 100.0% |
| Cost of Revenue | $119.1M 60.6% | $118.1M 60.7% | $119.3M 62.3% | $130.4M 67.2% | $117.3M 64.4% | $104.4M 63.7% | $90.5M 63.5% | $86.7M 63.1% | $82.7M 63.3% | $79.0M 63.4% |
| Cost of Products | — | — | — | — | — | — | — | — | $82.7M 63.3% | $79.0M 63.4% |
| Gross Profit | $77.4M 39.4% | $76.4M 39.3% | $72.2M 37.7% | $63.6M 32.8% | $64.8M 35.6% | $59.6M 36.3% | $52.0M 36.5% | $50.6M 36.9% | $47.9M 36.7% | $45.6M 36.6% |
| Research & Development | — | — | — | — | — | $251K 0.2% | $596K 0.4% | $734K 0.5% | $752K 0.6% | $750K 0.6% |
| Selling, General & Admin | $62.7M 31.9% | $62.2M 32.0% | $59.0M 30.8% | $57.3M 29.5% | $52.0M 28.6% | $48.2M 29.4% | $43.6M 30.6% | $43.2M 31.5% | $40.0M 30.7% | $37.1M 29.8% |
| Operating Income | $14.7M 7.5% | $14.1M 7.3% | $13.2M 6.9% | $6.3M 3.2% | $12.8M 7.0% | $11.4M 7.0% | $8.4M 5.9% | $7.5M 5.4% | $7.9M 6.0% | $8.4M 6.8% |
| Interest Expense | $1.7M 0.9% | $2.1M 1.1% | $3.1M 1.6% | $2.4M 1.2% | $922K 0.5% | $944K 0.6% | $1.8M 1.3% | $1.9M 1.4% | $1.4M 1.0% | $869K 0.7% |
| Interest & Investment Income | $123K 0.1% | $141K 0.1% | $119K 0.1% | $32K 0.0% | $14K 0.0% | $25K 0.0% | $40K 0.0% | $33K 0.0% | $29K 0.0% | $119 0.0% |
| Other Income (Expense), net | -$47K -0.0% | $95K 0.0% | $12.5M 6.5% | -$246K -0.1% | $3.3M 1.8% | -$666K -0.4% | -$1.9M -1.3% | -$1.9M -1.4% | -$1.4M -1.1% | -$945K -0.8% |
| Pretax Income | $13.1M 6.7% | $12.3M 6.3% | $22.7M 11.9% | $3.7M 1.9% | $15.2M 8.3% | $9.8M 6.0% | $6.5M 4.6% | $5.5M 4.0% | $6.5M 5.0% | $7.5M 6.0% |
| Income Tax Expense | $2.9M 1.5% | $2.3M 1.2% | $4.9M 2.6% | $628K 0.3% | $1.5M 0.8% | $1.7M 1.1% | $1.0M 0.7% | $933K 0.7% | $2.4M 1.9% | $1.6M 1.3% |
| Net Income | $10.2M 5.2% | $10.0M 5.2% | $17.8M 9.3% | $3.0M 1.6% | $13.7M 7.5% | $8.1M 4.9% | $5.5M 3.9% | $4.6M 3.3% | $4.1M 3.1% | $5.9M 4.7% |
| Per Share | ||||||||||
| EPS (Basic) | $2.69 | $2.71 | $4.98 | $0.86 | $3.93 | $2.42 | $1.65 | $1.36 | $1.21 | $1.76 |
| EPS (Diluted) | $2.49 | $2.45 | $4.86 | $0.82 | $3.45 | $2.31 | $1.60 | $1.30 | $1.09 | $1.64 |
| Weighted Avg Shares (Basic) | 3.8M | 3.7M | 3.6M | 3.5M | 3.5M | 3.3M | 3.4M | 3.4M | 3.4M | 3.3M |
| Weighted Avg Shares (Diluted) | 4.1M | 4.1M | 3.7M | 3.7M | 4.0M | 3.5M | 3.5M | 3.5M | 3.7M | 3.6M |
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.
Average free cash flow across the last 3 positive fiscal years (FY2023, FY2024, FY2025). Smooths the cycle. Stock compensation is NOT charged — it is added back inside operating cash flow.
To be worth $61.38 today, the market must believe free cash flow compounds 6.4%/yr for a decade (off $12.2M on the 3-yr avg basis).
On the basis ($10.2M) the requirement is 8.8%/yr. Shares issued to employees are added back in operating cash flow, so this basis treats them as free.
The market's 6.4% is more optimistic than its 9-yr track record.
Default is 9.4% — this company's computed cost of capital (computed WACC), the same rate the Analysis tab discounts at.
2-stage DCF · 0.00B shares (market data) · net debt $8.3M
mean 55.0% · volatility σ 292% · implied rate exceeded in 2/7 yrs
Central path = implied 6.4%/yr growth; shaded band = ±1σ (292%) 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.
EOD close · as of 2026-10-14
Where each multiple sits in its own 14-yr range · 96th 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
ROE 9% against ROIC 8% — 1% of the return on equity comes from leverage and buybacks rather than from the operating business.
What the company owes vs. what it holds
This shows debt/cash structure and net leverage. The year-by-year maturity schedule is on the Debt & Leverage tab.
Latest year: profit growth vs revenue growth
High operating leverage: profit moved 3.9× as fast as sales — great in an upturn, painful in a downturn.
Each line as % of revenue — the trend in color
| % of revenue | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|
| Cost of Revenue | 63.1 | 63.5 | 63.7 | 64.4 | 67.2 | 62.3 | 60.7 | 60.6 |
| Gross Profit | 36.9 | 36.5 | 36.3 | 35.6 | 32.8 | 37.7 | 39.3 | 39.4 |
| R&D | 0.5 | 0.4 | 0.2 | — | — | — | — | — |
| SG&A | 31.5 | 30.6 | 29.4 | 28.6 | 29.5 | 30.8 | 32.0 | 31.9 |
| Operating Income | 5.4 | 5.9 | 7.0 | 7.0 | 3.2 | 6.9 | 7.3 | 7.5 |
| Income Tax | 0.7 | 0.7 | 1.1 | 0.8 | 0.3 | 2.6 | 1.2 | 1.5 |
| Net Income | 3.3 | 3.9 | 4.9 | 7.5 | 1.6 | 9.3 | 5.2 | 5.2 |
Green = margin-favorable vs the row's own range · red = unfavorable.
The metrics that matter, over time
A 30-second read on ACU: price, valuation and headline fundamentals from SEC filings. The four questions at the top of the page are where the judgements live.
Earns -1.27pts against its cost of capital — capital is being consumed, not created.
| Period | ROIC | Cost of capital | Spread |
|---|---|---|---|
| FY2019 | 7.6% | 9.4% (today's — no rate published for this year) | -1.8pts |
| FY2020 | 8.8% | 9.4% (today's — no rate published for this year) | -0.6pts |
| FY2021 | 9.0% | 5.3% | 3.7pts |
| FY2022 | 3.8% | 8.3% | -4.5pts |
| FY2023 | 9.3% | 9.1% | 0.2pts |
| FY2024 | 8.8% | 10.0% | -1.2pts |
| FY2025 | 8.5% | 9.3% | -0.7pts |
| Now | 7.9% | 9.4% | -1.5pts |
| Fiscal year | Gross margin | Operating margin | Net margin |
|---|---|---|---|
| FY2016 | 36.6% | 6.8% | 4.7% |
| FY2017 | 36.7% | 6.0% | 3.1% |
| FY2018 | 36.9% | 5.4% | 3.3% |
| FY2019 | 36.5% | 5.9% | 3.9% |
| FY2020 | 36.3% | 7.0% | 4.9% |
| FY2021 | 35.6% | 7.0% | 7.5% |
| FY2022 | 32.8% | 3.2% | 1.6% |
| FY2023 | 37.7% | 6.9% | 9.3% |
| FY2024 | 39.3% | 7.3% | 5.2% |
| FY2025 | 39.4% | 7.5% | 5.2% |
Return on equity (9%) and return on invested capital (8%) are within a couple of points in FY2025, so the headline return is the operating return — there is no meaningful leverage effect to strip out.
$10M of goodwill — 7% of invested capital. The gap is what was paid above the fair value of what was bought; it is real capital shareholders provided, so neither bar is the whole answer.
The spread is -1.27pts and would invert under a ±2% move in WACC, so the verdict rests on the cost-of-capital assumption rather than on the business.
Cash conversion of 0.41x sits below the level that would make the earnings clearly cash-backed.
Reported free cash flow is $8M; after share-based compensation it is $6M. The difference is a real cost that the cash flow statement adds back.
Covers interest 6.1x even after a 30% EBITDA decline.
| EBITDA decline | Interest coverage |
|---|---|
| 0% | 8.75x |
| 5% | 8.31x |
| 10% | 7.87x |
| 15% | 7.44x |
| 20% | 7.00x |
| 25% | 6.56x |
| 30% | 6.12x |
| 35% | 5.69x |
| 40% | 5.25x |
| 45% | 4.81x |
| 50% | 4.37x |
| 55% | 3.94x |
| 60% | 3.50x |
Balance sheet at 2025-12-31. Undrawn revolving credit is not shown: the tag is collected but not yet mapped through to the API.
Operating leases are $6,978,000 of the $18,831,000 total — a fixed obligation that does not appear in a headline debt figure.
At $62.37, free cash flow must compound 6.98%/yr for 10 years. It has done -8.63%/yr over 6 years.
| Fiscal year | FCF growth | Price requires |
|---|---|---|
| FY2020 | −75.8% | 7.0% |
| FY2021 | −139.1% | 7.0% |
| FY2024 | −80.1% | 7.0% |
| FY2025 | 57.0% | 7.0% |
The implied rate has been matched or beaten in 1 of the last 4 years.
| Step | Amount | Running total |
|---|---|---|
| Net income | $10M | $10M |
| Share-based comp | $2M | $12M |
| Other non-cash & working capital | $6M | $18M |
| Operating cash flow | $18M | $18M |
| Capex | −$11M | $8M |
| Free cash flow | $8M | $8M |
| FCF after SBC | $6M | $6M |
| Fiscal year | Revenue growth | Receivables growth | Gap |
|---|---|---|---|
| FY2020 | 15.1% | 6.6% | -8.5 points |
| FY2021 | 11.0% | 25.9% | 14.9 points |
| FY2022 | 6.5% | -4.7% | -11.3 points |
| FY2023 | -1.3% | -19.5% | -18.3 points |
| FY2024 | 1.6% | 7.6% | 6.1 points |
| FY2025 | 1.1% | 3.0% | 2.0 points |
| Fiscal year | DSO | DIO | DPO | Cash conversion cycle |
|---|---|---|---|---|
| FY2019 | 65.3 days | 158.4 days | 27 days | 196.7 days |
| FY2020 | 60.5 days | 177.3 days | 26.6 days | 211.2 days |
| FY2021 | 68.6 days | 166.7 days | 27.9 days | 207.3 days |
| FY2022 | 61.4 days | 177.2 days | 29.4 days | 209.2 days |
| FY2023 | 50 days | 169.7 days | 37 days | 182.7 days |
| FY2024 | 53 days | 173.8 days | 27.8 days | 199 days |
| FY2025 | 54 days | 183.4 days | 24.7 days | 212.7 days |
| Fiscal year | Accruals / assets |
|---|---|
| FY2019 | -8.3 percent |
| FY2020 | 1.8 percent |
| FY2021 | 5.9 percent |
| FY2022 | 0.1 percent |
| FY2023 | -7.4 percent |
| FY2024 | -1.2 percent |
| FY2025 | -4.7 percent |
SBC is added back inside operating cash flow, so reported free cash flow treats shares issued to employees as free. Percent of revenue says how expensive the payroll is; percent of operating cash flow says how much of the cash exists only because the charge was added back. The buyback offset is buybacks over SBC — below 1.0 the repurchase does not cover the shares issued.
Figures are the latest fiscal year (FY2025) from the company's own filings, not a trailing-twelve-month window — Q2 reads fiscal years throughout so the cash-conversion ratios and these share one basis. A blank is a line the filer did not report; it is never read as zero.