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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.
What the company returns to shareholders — and whether it's covered by cash.
No dividend to cover. Last year: $0 dividends + $0 buybacks = $0 returned on -$2.8M 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 7 years — and what it earned on reinvestment.
A reinvestment story — most cash went back into growth rather than to shareholders.
Reinvestment has been productive — operating income grew well per dollar put in. Current ROIC on all capital: 11%. Rough measure (includes maintenance capex).
Cash uses aggregated from the SEC cash-flow statement over 7 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).
Coverage is adequate but not comfortable.
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.
Solve the discounted cash flow backwards, then stress-test the assumptions.
Average free cash flow across the last 2 positive fiscal years (FY2024, FY2025). Smooths the cycle. Stock compensation is NOT charged — it is added back inside operating cash flow.
To be worth $4.52 today, the market must believe free cash flow compounds -5.3%/yr for a decade (off $41.2M on the 3-yr avg basis).
On the basis ($40.5M) the requirement is -5.0%/yr. Shares issued to employees are added back in operating cash flow, so this basis treats them as free.
Default is 13.9% — this company's computed cost of capital (computed WACC), the same rate the Analysis tab discounts at.
2-stage DCF · 0.05B shares (market data) · net debt -$814K
Today's price is outside this grid at every discount rate shown — the assumptions it requires lie beyond the plotted range, which is itself the finding.
mean 635.6% · volatility σ 1242% · implied rate exceeded in 1/3 yrs
Central path = implied -5.3%/yr growth; shaded band = ±1σ (1242%) 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.
EOD close · as of 2026-10-08
How a revenue dollar becomes profit — FY2026
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 | FY2026 | FY2025 | FY2024 | FY2023 | FY2023 | FY2022 | FY2022 |
|---|---|---|---|---|---|---|---|
| Revenue | $2.7M 100.0% | $2.7M 100.0% | $8.4M 100.0% | $16.8M 100.0% | — | $1.42B 100.0% | — |
| Cost of Revenue | — | $0 0.0% | $1.0M 11.9% | $8.3M 49.4% | — | — | — |
| Selling, General & Admin | $66.2M 2450.7% | $56.0M 2073.8% | $57.7M 686.3% | $59.1M 351.5% | — | $58.1M 4.1% | — |
| Total Operating Expenses | $125.1M 4633.5% | $102.7M 3804.3% | $114.7M 1366.0% | $136.7M 813.6% | — | $140.3M 9.9% | — |
| Operating Income | $27.2M 1008.1% | $30.1M 1116.1% | $14.1M 168.3% | -$32.7M -194.9% | -$2.6M | $42.1M 3.0% | -$977K |
| Interest Expense | $4.9M 181.5% | $7.2M 266.7% | $11.2M 133.3% | $11.4M 67.9% | — | $4.1M 0.3% | — |
| Interest & Investment Income | — | — | — | — | $1.6M | — | $10K |
| Other Income (Expense), net | -$8.4M -311.3% | -$11.4M -423.3% | -$12.3M -146.3% | -$11.7M -69.7% | $5.8M | -$4.1M -0.3% | $4.2M |
| Pretax Income | $18.8M 696.8% | $18.7M 692.9% | $1.9M 22.1% | -$44.5M -264.7% | $3.2M | $38.0M 2.7% | $3.2M |
| Income Tax Expense | $5.8M 213.2% | $3.6M 134.4% | -$2.7M -32.5% | -$9.1M -53.9% | $264K | $9.4M 0.7% | — |
| Net Income | $13.1M 483.6% | $15.1M 558.4% | $4.6M 54.5% | -$35.4M -210.7% | $2.9M | $28.6M 2.0% | $3.2M |
| Per Share | |||||||
| EPS (Basic) | $0.26 | $0.30 | $0.09 | -$0.74 | — | $0.60 | — |
| EPS (Diluted) | $0.26 | $0.30 | $0.09 | -$0.74 | — | $0.60 | — |
| Weighted Avg Shares (Basic) | 51.0M | 51.0M | 50.8M | 48.1M | — | 47.5M | — |
| Weighted Avg Shares (Diluted) | 51.1M | 51.0M | 50.8M | 48.1M | — | 47.5M | — |
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.
Ranked against 39 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| TEL | $62.0B | 34.8× | 16.4× | 3.6× | 8.9% | 35.2% | 10.7% | 14.6% | 10.1% | 1.1× | 1,221 |
| GWW | $59.8B | 35.8× | 21.8× | 3.3× | 4.5% | 39.1% | 9.5% | 45.7% | 27.4% | 0.7× | 1,322 |
| FERG | $41.9B | 23.3× | 15.2× | 1.4× | 3.8% | 30.7% | 6.0% | 31.8% | 18.6% | 1.2× | 905 |
| SNX | $21.3B | 26.9× | 12.8× | 0.3× | 6.9% | 7.0% | 1.3% | 9.8% | 6.3% | 1.2× | 698 |
| RS | $20.3B | 28.4× | 16.6× | 1.4× | 3.3% | — | 5.2% | 10.3% | 8.6% | 0.9× | 659 |
| GPC | $17.7B | 272.7× | 14.8× | 0.7× | 3.5% | 36.8% | 0.3% | 1.5% | 0.7% | 3.0× | 1,043 |
| WCC | $17.3B | 27.3× | 17.6× | 0.7× | 7.8% | 21.1% | 2.7% | 12.7% | 5.9% | 4.4× | 668 |
| AIT | $12.2B | 30.3× | 21.4× | 2.5× | 8.8% | 30.3% | 8.3% | 22.3% | 19.5% | 0.2× | 593 |
| WSO | $11.6B | 23.0× | 14.7× | 1.6× | -5.0% | 28.0% | 6.9% | 17.9% | 17.9% | -0.6× | 752 |
| ARW | $11.5B | 20.8× | 14.9× | 0.4× | 10.5% | 11.2% | 1.9% | 8.7% | 5.9% | 2.9× | 603 |
| HSIC | $9.4B | 25.9× | 10.4× | 0.7× | 4.0% | 31.1% | 3.0% | 12.3% | 9.9% | 0.6× | 547 |
| AVT | $8.2B | 24.8× | — | 0.3× | 24.5% | 10.4% | 1.2% | 6.7% | 4.1% | — | 490 |
| CNM | $7.4B | 17.5× | 10.3× | 1.0× | 2.8% | 26.9% | 5.8% | 22.1% | 10.6% | 2.1× | 439 |
| MSM | $7.2B | 36.1× | 20.4× | 1.9× | -1.3% | 40.8% | 5.3% | 14.4% | 10.6% | 1.1× | 463 |
| INGM | $6.3B | 19.9× | 7.2× | 0.1× | 9.5% | 6.7% | 0.6% | 7.7% | 4.4% | 1.2× | 224 |
| POOL | $5.7B | 14.6× | 11.2× | 1.1× | -0.4% | 29.7% | 7.7% | 34.3% | 17.0% | 1.9× | 588 |
| LKQ | $5.6B | 9.4× | 3.7× | 0.4× | -1.2% | 38.6% | 4.5% | 9.3% | 9.3% | -0.2× | 512 |
| SITE | $3.8B | 26.0× | — | 0.8× | 3.6% | 34.8% | 3.2% | 9.1% | 7.4% | — | 380 |
| DXPE | $2.8B | 33.3× | 17.6× | 1.4× | 11.9% | 31.5% | 4.4% | 17.8% | 6.7% | 2.8× | 245 |
| REZI | $2.6B | — | 7.5× | 0.3× | 10.5% | 29.4% | -7.1% | -18.1% | -8.6% | 3.7× | 422 |
| BCC | $2.6B | 21.0× | 7.5× | 0.4× | -4.8% | — | 2.1% | 6.4% | 5.3% | -0.1× | 324 |
| PLUS | $2.4B | 18.2× | 10.2× | 1.0× | 22.1% | 25.2% | 5.4% | 12.4% | 12.4% | -2.1× | 277 |
| CNXN | $2.3B | 27.8× | 19.1× | 0.8× | 2.5% | 18.8% | 2.9% | 9.2% | 9.2% | -1.8× | 185 |
| DSGR | $1.6B | 194.8× | 14.2× | 0.8× | 9.8% | 33.4% | 0.4% | 1.3% | 0.6% | 4.0× | 114 |
| GIC | $1.6B | 23.0× | 14.8× | 1.2× | 4.8% | 35.5% | 5.2% | 23.0% | 23.0% | -0.6× | 158 |
| AENT | $230M | 17.4× | 7.9× | 0.2× | 8.0% | — | 1.1% | 11.2% | 11.2% | -0.0× | 19 |
Peers = companies sharing AENT's sector (Wholesale-Durable Goods, NEC) 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 19 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
No trend data available for this metric.
EOD close · as of 2026-10-08
Earns 6.18pts above its cost of capital, without much margin of safety.
| Fiscal year | Gross margin | Operating margin | Net margin |
|---|---|---|---|
| FY2022 | not reported | 3.0% | 2.0% |
| FY2023 | 50.6% | -194.9% | -210.7% |
| FY2024 | 99.9% | 1.3% | 0.4% |
| FY2025 | 100.0% | 2.8% | 1.4% |
| FY2026 | not reported | 2.4% | 1.1% |
ROIC ex-goodwill is 65.37% against 20.06% reported — the return is earned on a capital base inflated by what was paid for acquisitions, not by the operating business alone.
Where each multiple sits in its own 7-yr range · 37th pct blended
Dot = today · shaded = middle 50% · line = median. Lower percentile = cheaper vs its own 7-yr history.
Is the profit real, and how strong is the balance sheet?
FY2026 · every deduction from revenue to net income
DuPont — the three levers
ROE 11% against ROIC 11% — 0% 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
Profit and sales moved in opposite directions this year.
Each line as % of revenue — the trend in color
| % of revenue | FY2022 | FY2022 | FY2023 | FY2023 | FY2024 | FY2025 | FY2026 |
|---|---|---|---|---|---|---|---|
| Cost of Revenue | — | — | — | 49.4 | 11.9 | 0.0 | — |
| SG&A | — | 4.1 | — | 351.5 | 686.3 | 2073.8 | 2450.7 |
| Operating Income | — | 3.0 | — | -194.9 | 168.3 | 1116.1 | 1008.1 |
| Income Tax | — | 0.7 | — | -53.9 | -32.5 | 134.4 | 213.2 |
| Net Income | — | 2.0 | — | -210.7 | 54.5 | 558.4 | 483.6 |
Green = margin-favorable vs the row's own range · red = unfavorable.
The metrics that matter, over time
A 30-second read on AENT: price, valuation and headline fundamentals from SEC filings. The four questions at the top of the page are where the judgements live.
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.
Return on equity (11%) and return on invested capital (11%) are within a couple of points in FY2026, so the headline return is the operating return — there is no meaningful leverage effect to strip out.
$94M of goodwill — 69% 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. With goodwill over half the base, the ex-goodwill figure divides by a small remainder and moves sharply — read it as a direction, not a precise rate.
| Period | ROIC | Cost of capital | Spread |
|---|---|---|---|
| FY2022 | -0.9% | 8.8% | -9.7pts |
| FY2022 | 16.3% | 8.8% | 7.6pts |
| FY2023 | -2.8% | 8.2% | -11.0pts |
| FY2023 | -14.4% | 8.2% | -22.6pts |
| FY2024 | 7.4% | 8.8% | -1.3pts |
| FY2025 | 23.4% | 13.6% | 9.8pts |
| FY2026 | 20.0% | 12.8% | 7.2pts |
| Now | 11.2% | 13.9% | -2.7pts |
Converts 2.13x of reported profit into cash — adequate, without much margin.
| Step | Amount | Running total |
|---|---|---|
| Net income | $13M | $13M |
| Share-based comp | $337,000 | $13M |
| Other non-cash & working capital | −$15M | −$2M |
| Operating cash flow | −$2M | −$2M |
| Capex | −$1M | −$3M |
| Free cash flow | −$3M | −$3M |
| FCF after SBC | −$3M | −$3M |
| Fiscal year | Revenue growth | Receivables growth | Gap |
|---|---|---|---|
| FY2024 | 6450.5% | -12.0% | -6462.5 points |
| FY2025 | -3.4% | 2.9% | 6.3 points |
| FY2026 | 8.0% | 16.9% | 8.8 points |
| Fiscal year | DSO | DIO | DPO | Cash conversion cycle |
|---|---|---|---|---|
| FY2022 | not reported | not reported | not reported | not reported |
| FY2022 | 25.4 days | not reported | not reported | not reported |
| FY2023 | not reported | not reported | not reported | not reported |
| FY2023 | 2279.9 days | 6454 days | 6667.7 days | 2066.2 days |
| FY2024 | 30.6 days | 35561.6 days | 48625.7 days | -13033.4 days |
| FY2025 | 32.6 days | not reported | not reported | not reported |
| FY2026 | 35.3 days | not reported | not reported | not reported |
| Fiscal year | Accruals / assets |
|---|---|
| FY2022 | 3.1 percent |
| FY2022 | 23.7 percent |
| FY2023 | 3.5 percent |
| FY2023 | -10.0 percent |
| FY2024 | -15.0 percent |
| FY2025 | -3.3 percent |
| FY2026 | 3.7 percent |
Reported free cash flow is -$3M; after share-based compensation it is -$3M. The difference is a real cost that the cash flow statement adds back.
Covers interest 3.9x under stress — adequate, without much room.
| EBITDA decline | Interest coverage |
|---|---|
| 0% | 5.55x |
| 5% | 5.28x |
| 10% | 5.00x |
| 15% | 4.72x |
| 20% | 4.44x |
| 25% | 4.17x |
| 30% | 3.89x |
| 35% | 3.61x |
| 40% | 3.33x |
| 45% | 3.06x |
| 50% | 2.78x |
| 55% | 2.50x |
| 60% | 2.22x |
Balance sheet at 2026-06-30. Undrawn revolving credit is not shown: the tag is collected but not yet mapped through to the API.
Coverage is comfortable at 5.5x today but falls to 3.9x after a 30% EBITDA decline — the cushion is earnings, not liquidity.
At $4.52, free cash flow must compound -3.96%/yr for 10 years. It has no positive compounding record to compare against.
| Fiscal year | FCF growth | Price requires |
|---|---|---|
| FY2024 | 2068.9% | −4.0% |
| FY2025 | −51.9% | −4.0% |
| FY2026 | −110.4% | −4.0% |
The implied rate has been matched or beaten in 1 of the last 3 years.
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 (FY2026) 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.