Loading institutional data...
Loading institutional data...
Held by 275 of 6,047 reporting institutions (93th percentile) — extremely crowded.
Data as of Q2 2026
Loading snapshot...
Loading financials...
Loading valuation...
Loading analysis...
Loading dividends & returns...
Loading capital allocation...
Loading debt & leverage...
Loading performance...
Loading peer comparison...
Loading ownership map...
Loading crowding analysis...
Loading conviction analysis...
Loading buy/sell flow...
Loading ownership trends...
Loading top holders...
Loading top holders...
Ranked against 19 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| IOT | $24.2B | — | — | 14.9× | 29.6% | 76.7% | -0.6% | -0.6% | -0.6% | — | 535 |
| LDOS | $15.0B | 10.8× | 5.8× | 0.9× | 3.1% | 18.0% | 8.4% | 29.5% | 29.3% | -0.5× | 739 |
| CACI | $13.5B | 25.2× | 18.2× | 1.4× | 10.9% | — | 5.6% | 12.0% | 5.7% | 4.7× | 589 |
| GDDY | $13.0B | 16.6× | 13.5× | 2.6× | 8.3% | — | 17.7% | 407% | 21.9% | 3.0× | 603 |
| JKHY | $10.7B | 21.9× | 15.9× | 4.2× | 7.1% | 43.7% | 19.8% | 24.5% | 24.0% | 0.1× | 685 |
| LNWO | $6.1B | 24.5× | 10.2× | 1.8× | 4.0% | 73.3% | 8.3% | 113% | 5.1% | 4.6× | 4 |
| OTEX | $6.1B | 9.7× | — | 1.1× | 1.5% | 73.7% | 12.3% | 16.0% | 6.6% | — | 259 |
| SAIC | $5.6B | 17.3× | 14.3× | 0.8× | -2.9% | 12.0% | 4.9% | 23.9% | 9.0% | 4.2× | 421 |
| WAY | $5.0B | 43.1× | 16.6× | 4.6× | 16.5% | — | 10.2% | 2.9% | 2.1% | 3.6× | 298 |
| PSN | $4.7B | 19.9× | 11.8× | 0.7× | -5.7% | 22.5% | 3.8% | 9.1% | 6.2% | 1.7× | 331 |
| AGYS | $3.1B | 79.8× | 63.3× | 9.7× | 15.9% | 62.6% | 12.1% | 11.9% | 11.9% | -2.5× | 275 |
| NTCT | $2.9B | 30.9× | 14.0× | 3.4× | 4.5% | 79.4% | 11.1% | 5.8% | 5.8% | -3.5× | 302 |
| KD | $2.7B | 14.4× | — | 0.2× | 0.2% | 21.8% | 1.3% | 16.9% | 2.9% | — | 664 |
| PONY | $2.4B | — | — | 27.0× | 20.0% | 15.7% | -149% | -8.1% | -8.1% | — | 157 |
| OSPN | $671M | 9.7× | 10.3× | 2.8× | 0.0% | 73.8% | 30.0% | 26.8% | 26.8% | -1.2× | 192 |
| SLP | $374M | — | — | 4.7× | 13.1% | 58.4% | -81.7% | -51.9% | -51.9% | — | 167 |
| TLS | $325M | — | — | 2.0× | 52.2% | 37.0% | -22.2% | -38.1% | -38.1% | — | 155 |
| SMRT | $233M | — | — | 1.5× | -12.9% | 32.7% | -39.8% | -26.1% | -26.1% | — | 128 |
| UIS | $160M | — | 4.5× | 0.1× | -2.9% | 28.2% | -17.4% | 120% | -78.9% | 2.9× | 152 |
| DMRC | $142M | — | — | 4.2× | -11.7% | 61.6% | -95.3% | -80.3% | -80.3% | — | 2 |
Peers = companies sharing AGYS's sector (Services-Computer Integrated Systems Design) 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.
The same 3 years as the 3-yr average, with the stock compensation of those years charged as a cost. Shares issued to employees are real dilution, so this asks what the business generates for existing holders.
To be worth $107.41 today, the market must believe free cash flow compounds 23.7%/yr for a decade (off $35.6M on the SBC-adjusted basis).
On the basis ($53.5M) the requirement is 18.2%/yr. The difference is what charging stock compensation costs.
The market's 23.7% is more conservative than its 6-yr track record.
Default is 8.7% — this company's computed cost of capital (computed WACC), the same rate the Analysis tab discounts at.
2-stage DCF · 0.03B shares (market data) · net debt -$116.9M
mean -121.9% · volatility σ 364% · implied rate exceeded in 3/5 yrs
Central path = implied 23.7%/yr growth; shaded band = ±1σ (364%) 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 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 $68.1M 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.
Reinvestment has been productive — operating income grew well per dollar put in. Current ROIC on all capital: 12%. 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.
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 2026-10-14
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 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $319.3M 100.0% | $275.6M 100.0% | $237.5M 100.0% | $198.1M 100.0% | $162.6M 100.0% | $137.2M 100.0% | $160.8M 100.0% | $140.8M 100.0% | $127.4M 100.0% | $127.7M 100.0% |
| Cost of Revenue | $119.4M 37.4% | $103.6M 37.6% | $93.2M 39.3% | $77.2M 39.0% | $61.1M 37.6% | $47.8M 34.8% | $79.8M 49.6% | $67.0M 47.5% | $62.9M 49.4% | $63.9M 50.0% |
| Cost of Products | — | — | — | — | — | — | — | — | $26.4M 20.7% | $28.2M 22.1% |
| Cost of Services | — | — | — | — | — | — | — | — | $19.9M 15.6% | $18.7M 14.6% |
| Gross Profit | $199.9M 62.6% | $172.0M 62.4% | $144.3M 60.7% | $120.8M 61.0% | $101.5M 62.4% | $89.4M 65.2% | $81.0M 50.4% | $73.9M 52.5% | $64.4M 50.6% | $63.8M 50.0% |
| Research & Development | $72.7M 22.8% | $62.4M 22.6% | $56.7M 23.9% | $50.3M 25.4% | $46.3M 28.5% | $55.3M 40.3% | $41.5M 25.8% | $37.8M 26.9% | $27.9M 21.9% | $29.0M 22.8% |
| Selling, General & Admin | $42.2M 13.2% | $40.8M 14.8% | $128.5M 54.1% | $107.9M 54.5% | $95.2M 58.5% | $110.3M 80.4% | $115.0M 71.5% | $87.0M 61.7% | $76.5M 60.1% | $19.9M 15.6% |
| Total Operating Expenses | $156.9M 49.1% | $149.4M 54.2% | $128.5M 54.1% | $107.9M 54.5% | — | — | — | $87.0M 61.7% | $76.5M 60.1% | $75.2M 58.9% |
| Operating Income | $43.0M 13.5% | $22.6M 8.2% | $15.8M 6.6% | $12.9M 6.5% | $6.3M 3.9% | -$21.0M -15.3% | -$34.1M -21.2% | -$13.1M -9.3% | -$12.1M -9.5% | -$11.4M -8.9% |
| Interest Expense | $493K 0.2% | $1.5M 0.6% | $0 0.0% | $0 0.0% | $12K 0.0% | $20K 0.0% | $9K 0.0% | $10K 0.0% | $10K 0.0% | $15K 0.0% |
| Interest & Investment Income | $2.0M 0.6% | $3.8M 1.4% | $5.1M 2.1% | $2.2M 1.1% | $59K 0.0% | $107K 0.1% | $380K 0.2% | $339K 0.2% | $98K 0.1% | $162K 0.1% |
| Other Income (Expense), net | $3.9M 1.2% | $791K 0.3% | -$152K -0.1% | $697K 0.4% | $145K 0.1% | -$338K -0.2% | -$176K -0.1% | -$191K -0.1% | $391K 0.3% | -$224K -0.2% |
| Pretax Income | $48.4M 15.2% | $25.6M 9.3% | $20.7M 8.7% | $15.8M 8.0% | $6.5M 4.0% | -$21.2M -15.5% | -$33.9M -21.1% | -$12.9M -9.2% | -$11.6M -9.1% | -$11.5M -9.0% |
| Income Tax Expense | $9.6M 3.0% | $2.4M 0.9% | -$65.5M -27.6% | $1.2M 0.6% | $33K 0.0% | -$208K -0.2% | $201K 0.1% | $221K 0.2% | -$3.3M -2.6% | $236K 0.2% |
| Net Income | $38.8M 12.1% | $23.2M 8.4% | $86.2M 36.3% | $14.6M 7.4% | $6.5M 4.0% | -$21.0M -15.3% | -$34.1M -21.2% | -$13.2M -9.3% | -$8.3M -6.6% | -$11.7M -9.2% |
| Per Share | ||||||||||
| EPS (Basic) | $1.39 | $0.84 | $3.31 | $0.52 | $0.19 | -$1.01 | -$1.47 | — | — | — |
| EPS (Diluted) | $1.37 | $0.82 | $3.17 | $0.49 | $0.18 | -$1.01 | -$1.47 | — | — | — |
| Weighted Avg Shares (Basic) | 27.9M | 27.5M | 25.7M | 24.7M | 24.4M | 23.5M | 23.2M | 23K | 23K | — |
| Weighted Avg Shares (Diluted) | 28.4M | 28.3M | 26.8M | 25.9M | 25.5M | 23.5M | 23.2M | — | — | — |
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.
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
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 15-yr range · 58th pct blended
Dot = today · shaded = middle 50% · line = median. Lower percentile = cheaper vs its own 15-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 12% against ROIC 12% — 0% of the return on equity comes from leverage and buybacks rather than from the operating business.
Equity is the year-end figure. On average equity over the two year-ends, ROE is 13.1% — the two diverge when buybacks or issuance move equity during the year.
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 5.7× 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 | 47.5 | 49.6 | 34.8 | 37.6 | 39.0 | 39.3 | 37.6 | 37.4 |
| Gross Profit | 52.5 | 50.4 | 65.2 | 62.4 | 61.0 | 60.7 | 62.4 | 62.6 |
| R&D | 26.9 | 25.8 | 40.3 | 28.5 | 25.4 | 23.9 | 22.6 | 22.8 |
| SG&A | 61.7 | 71.5 | 80.4 | 58.5 | 54.5 | 54.1 | 14.8 | 13.2 |
| Operating Income | -9.3 | -21.2 | -15.3 | 3.9 | 6.5 | 6.6 | 8.2 | 13.5 |
| Income Tax | 0.2 | 0.1 | -0.2 | 0.0 | 0.6 | -27.6 | 0.9 | 3.0 |
| Net Income | -9.3 | -21.2 | -15.3 | 4.0 | 7.4 | 36.3 | 8.4 | 12.1 |
Green = margin-favorable vs the row's own range · red = unfavorable.
The metrics that matter, over time
A 30-second read on AGYS: price, valuation and headline fundamentals from SEC filings. The four questions at the top of the page are where the judgements live.
Earns 8.28pts above its cost of capital, positive in 5 of the last 5 years.
| Period | ROIC | Cost of capital | Spread |
|---|---|---|---|
| FY2020 | -77.9% | 8.7% (today's — no rate published for this year) | -86.7pts |
| FY2022 | 44.1% | 10.4% | 33.7pts |
| FY2023 | 75.0% | 8.7% (today's — no rate published for this year) | 66.3pts |
| FY2024 | 13.1% | 8.7% (today's — no rate published for this year) | 4.4pts |
| FY2025 | 9.2% | 9.1% | 0.1pts |
| FY2026 | 18.3% | 8.2% | 10.1pts |
| Now | 11.9% | 8.7% | 3.2pts |
| Fiscal year | Gross margin | Operating margin | Net margin |
|---|---|---|---|
| FY2017 | 50.0% | -8.9% | -9.2% |
| FY2018 | 50.6% | -9.5% | -6.6% |
| FY2019 | 52.5% | -9.3% | -9.3% |
| FY2020 | 50.4% | -21.2% | -21.2% |
| FY2021 | 65.2% | -15.3% | -15.3% |
| FY2022 | 62.4% | 3.9% | 4.0% |
| FY2023 | 61.0% | 6.5% | 7.4% |
| FY2024 | 60.7% | 6.6% | 36.3% |
| FY2025 | 62.4% | 8.2% | 8.4% |
| FY2026 | 62.6% | 13.5% | 12.1% |
Return on equity (12%) and return on invested capital (12%) 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.
$132M of goodwill — 52% 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.
ROIC ex-goodwill is 35.39% against 16.99% reported — the return is earned on a capital base inflated by what was paid for acquisitions, not by the operating business alone.
Converts 2.11x of reported profit into free cash flow over 5 years, with accruals negative.
Reported free cash flow is $68M; after share-based compensation it is $46M. The difference is a real cost that the cash flow statement adds back.
Covers interest 61.1x even after a 30% EBITDA decline.
| EBITDA decline | Interest coverage |
|---|---|
| 0% | 87.25x |
| 5% | 82.89x |
| 10% | 78.53x |
| 15% | 74.16x |
| 20% | 69.80x |
| 25% | 65.44x |
| 30% | 61.08x |
| 35% | 56.71x |
| 40% | 52.35x |
| 45% | 47.99x |
| 50% | 43.63x |
| 55% | 39.26x |
| 60% | 34.90x |
Balance sheet at 2026-03-31. Undrawn revolving credit is not shown: the tag is collected but not yet mapped through to the API.
Operating leases are $19,044,000 of the $19,044,000 total — a fixed obligation that does not appear in a headline debt figure.
At $109.26, free cash flow must compound 24.05%/yr for 10 years. It has done 69.55%/yr over 6 years after stock compensation.
| Fiscal year | FCF growth | Price requires |
|---|---|---|
| FY2021 | −770.5% | 24.0% |
| FY2023 | 12.1% | 24.0% |
| FY2024 | 81.9% | 24.0% |
| FY2025 | 33.2% | 24.0% |
| FY2026 | 34.0% | 24.0% |
This is solved on free cash flow AFTER stock compensation ($36M against $54M before it). On the unadjusted figure the requirement would be 18.55%/yr. Which is right depends on whether you think the share issuance is a recurring cost of running the business.
| Step | Amount | Running total |
|---|---|---|
| Net income | $39M | $39M |
| Share-based comp | $22M | $61M |
| Other non-cash & working capital | $9M | $70M |
| Operating cash flow | $70M | $70M |
| Capex | −$2M | $68M |
| Free cash flow | $68M | $68M |
| FCF after SBC | $46M | $46M |
| Fiscal year | Revenue growth | Receivables growth | Gap |
|---|---|---|---|
| FY2021 | -14.7% | -28.3% | -13.6 points |
| FY2022 | 18.6% | -2.2% | -20.7 points |
| FY2023 | 21.8% | -11.1% | -32.9 points |
| FY2024 | 19.9% | 31.6% | 11.7 points |
| FY2025 | 16.1% | 7.1% | -9.0 points |
| FY2026 | 15.8% | 36.6% | 20.8 points |
| Fiscal year | DSO | DIO | DPO | Cash conversion cycle |
|---|---|---|---|---|
| FY2020 | 81.4 days | 17.8 days | 61.3 days | 37.9 days |
| FY2021 | 68.5 days | 9 days | 48.5 days | 29 days |
| FY2022 | 56.5 days | 41.5 days | 58.3 days | 39.6 days |
| FY2023 | 41.2 days | 46.2 days | 44.5 days | 42.9 days |
| FY2024 | 45.3 days | 18 days | 36.9 days | 26.3 days |
| FY2025 | 41.8 days | 18.2 days | 43.6 days | 16.3 days |
| FY2026 | 49.2 days | 23 days | 38 days | 34.2 days |
| Fiscal year | Accruals / assets |
|---|---|
| FY2020 | -28.9 percent |
| FY2021 | -26.0 percent |
| FY2022 | -10.3 percent |
| FY2023 | -8.2 percent |
| FY2024 | 10.8 percent |
| FY2025 | -7.3 percent |
| FY2026 | -6.5 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 (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.