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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.
The dividend exceeds free cash flow (154%) — funded from the balance sheet or debt, a red flag if it persists. Last year: $508K dividends + $0 buybacks = $508K returned on $330K FCF.
1 consecutive years of dividend increases.
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 3 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: 55%. Rough measure (includes maintenance capex).
Cash uses aggregated from the SEC cash-flow statement over 3 fiscal years. "Return on reinvestment" is a rough proxy — operating-income change ÷ cumulative CapEx + M&A — and includes maintenance capex. Educational — not a recommendation.
Top 2 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 2026-10-16
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 |
|---|---|---|---|
| Revenue | $6.3M 100.0% | $5.8M 100.0% | $3.5M 100.0% |
| Cost of Revenue | $4.4M 69.0% | $4.3M 74.2% | $2.8M 80.0% |
| Gross Profit | $2.0M 31.0% | $1.5M 25.8% | $708K 20.0% |
| Selling, General & Admin | $935K 14.8% | $472K 8.1% | $343K 9.7% |
| Operating Income | $1.0M 16.3% | $1.0M 17.7% | $366K 10.3% |
| Interest Expense | $16K 0.3% | $21K 0.4% | $15K 0.4% |
| Pretax Income | $1.0M 16.0% | $1.0M 17.4% | $362K 10.2% |
| Income Tax Expense | $213K 3.4% | $129K 2.2% | $31K 0.9% |
| Net Income | $793K 12.5% | $834K 14.4% | $284K 8.0% |
| Per Share | |||
| EPS (Basic) | $0.05 | $0.06 | $0.02 |
| EPS (Diluted) | $0.05 | $0.06 | $0.02 |
| Weighted Avg Shares (Basic) | 15.0M | 15.0M | 15.0M |
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.
EOD close · as of 2026-10-16
Is the profit real, and how strong is the balance sheet?
FY2025 · every deduction from revenue to net income
DuPont — the three levers
ROE 79% against ROIC 55% — 24% 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 69.7% — 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
Profit and sales moved in opposite directions this year.
Each line as % of revenue — the trend in color
| % of revenue | FY2023 | FY2024 | FY2025 |
|---|---|---|---|
| Cost of Revenue | 80.0 | 74.2 | 69.0 |
| Gross Profit | 20.0 | 25.8 | 31.0 |
| SG&A | 9.7 | 8.1 | 14.8 |
| Operating Income | 10.3 | 17.7 | 16.3 |
| Income Tax | 0.9 | 2.2 | 3.4 |
| Net Income | 8.0 | 14.4 | 12.5 |
Green = margin-favorable vs the row's own range · red = unfavorable.
The metrics that matter, over time
A 30-second read on BUUU: price, valuation and headline fundamentals from SEC filings. The four questions at the top of the page are where the judgements live.
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 $41.31 today, the market must believe free cash flow compounds 94.5%/yr for a decade (off $176K on the 3-yr avg basis).
The market's 94.5% is more optimistic than its 2-yr track record.
Default is 10.3% — this company's computed cost of capital (computed WACC), the same rate the Analysis tab discounts at.
2-stage DCF · 0.02B shares (market data) · net debt $331K
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 190.0% · volatility σ 345% · implied rate exceeded in 1/2 yrs
Central path = implied 94.5%/yr growth; shaded band = ±1σ (345%) 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.
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 ~3.7% on $432K of debt.
Cash of $102K is below short-term debt of $432K — relies on refinancing/operations.
Mostly short-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.
Ranked against 22 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DIS | $191.0B | 16.1× | 9.9× | 2.0× | 3.4% | — | 13.1% | 11.3% | 8.2% | 1.6× | 2,849 |
| WMG | $16.4B | — | 18.6× | 2.5× | 4.4% | 45.8% | 5.4% | 56.4% | 7.7% | 3.3× | 329 |
| TKO | $12.8B | 77.7× | 11.9× | 2.7× | -3.1% | — | 4.1% | 5.2% | 2.6% | 2.2× | 639 |
| DKNG | $9.4B | — | — | 1.6× | 27.0% | 41.3% | 0.1% | 0.6% | 0.6% | — | 681 |
| LTH | $9.1B | 24.4× | 13.3× | 3.0× | 14.3% | 47.6% | 12.5% | 12.0% | 8.1% | 1.7× | 351 |
| CHDN | $5.7B | — | 11.7× | 1.9× | 7.0% | — | 13.1% | 37.9% | 6.2% | 5.4× | 445 |
| MTN | $5.4B | 20.1× | 9.5× | 1.8× | 2.7% | — | 9.4% | 66.0% | 7.9% | 3.1× | 431 |
| PLNT | $3.8B | — | 11.7× | 2.9× | 12.1% | 82.6% | 16.5% | -45.4% | 11.0% | 4.2× | 410 |
| SPHR | $3.7B | 139.9× | 37.8× | 3.0× | 18.8% | — | 2.7% | 1.5% | 1.1% | 3.0× | — |
| MSGE | $3.7B | 56.4× | 20.0× | 3.5× | 12.5% | — | 6.2% | 145% | 10.7% | 1.4× | 407 |
| BATRA | $3.5B | — | 66.1× | 4.7× | 10.5% | — | -3.2% | -4.4% | -1.8% | 10.3× | 205 |
| OSW | $2.4B | 34.6× | 23.3× | 2.5× | 7.4% | — | 7.5% | 13.2% | 11.4% | 0.6× | 243 |
| RSI | $2.1B | 59.7× | 14.2× | 1.9× | 22.8% | 34.6% | 2.9% | 22.6% | 22.6% | -2.6× | 295 |
| BRSL | $1.7B | 12.8× | — | 0.7× | -0.0% | — | 5.9% | 16.8% | 2.9% | — | — |
| GENI | $1.7B | — | — | 2.5× | 31.0% | 23.0% | -16.7% | -15.4% | -15.4% | — | 268 |
| PRSU | $1.5B | 68.8× | — | 3.3× | 23.4% | 92.3% | 5.0% | 3.9% | 3.3% | — | 200 |
| PRKS | $1.5B | 10.6× | 6.8× | 0.9× | -3.6% | — | 10.1% | -38.6% | 9.4% | 4.0× | 232 |
| ACEL | $883M | 18.1× | 7.4× | 0.7× | 8.1% | — | 3.9% | 19.1% | 5.9% | 1.9× | 164 |
| FUN | $830M | — | — | 0.3× | 14.4% | 91.3% | -51.6% | -291% | -27.9% | — | 311 |
| BUUU | $779M | — | — | — | 8.9% | 31.0% | 12.5% | 78.7% | 55.1% | 0.3× | 2 |
| RSVR | $622M | 72.6× | 27.4× | 3.5× | 10.7% | 64.7% | 4.7% | 2.2% | 1.0% | 11.2× | 83 |
| FBYD | $403M | 277.3× | — | 27.1× | 121% | — | 42.4% | 52.9% | 24.5% | — | 59 |
| BUKS | $310M | 14.3× | 9.2× | 3.2× | 16.7% | — | 22.4% | 26.8% | 19.7% | -0.2× | 2 |
Peers = companies sharing BUUU's sector (Services-Amusement & Recreation 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.
Earns 47.42pts above its cost of capital, without much margin of safety.
| Period | ROIC | Cost of capital | Spread |
|---|---|---|---|
| FY2023 | 64.7% | 10.3% (today's — no rate published for this year) | 54.3pts |
| FY2024 | 53.2% | 10.0% | 43.2pts |
| FY2025 | 57.8% | 9.5% | 48.3pts |
| Now | 55.1% | 10.3% | 44.7pts |
| Fiscal year | Gross margin | Operating margin | Net margin |
|---|---|---|---|
| FY2023 | 20.0% | 10.3% | 8.0% |
| FY2024 | 25.8% | 17.7% | 14.4% |
| FY2025 | 31.0% | 16.3% | 12.5% |
Leverage and buybacks account for 24 points of the 79% return on equity in FY2025. The business earns 55% on the capital it employs; the rest is balance sheet.
ROE is on average equity; ROIC is NOPAT over average invested capital (debt plus equity less excess cash). The gap is not a single adjustment.
The spread has been narrowing over the last three years.
Free cash flow has fallen short of reported profit in 3 of the last three years.
Accruals are 18.01% of assets — profit is running ahead of cash, which is the earliest quality warning available.
Missing from our data, so excluded from this answer: share_based_compensation.
Covers interest 45.5x even after a 30% EBITDA decline.
| EBITDA decline | Interest coverage |
|---|---|
| 0% | 64.98x |
| 5% | 61.73x |
| 10% | 58.48x |
| 15% | 55.23x |
| 20% | 51.98x |
| 25% | 48.73x |
| 30% | 45.48x |
| 35% | 42.23x |
| 40% | 38.99x |
| 45% | 35.74x |
| 50% | 32.49x |
| 55% | 29.24x |
| 60% | 25.99x |
Balance sheet at 2025-06-30. Undrawn revolving credit is not shown: the tag is collected but not yet mapped through to the API.
The maturity schedule is not part of this verdict — its filing anchor is often older than the balance sheet it sits beside, so a wall inside 24 months may not be visible here.
At $41.31, free cash flow must compound 94.46%/yr for 10 years. It has done 56.63%/yr over 2 years.
| Fiscal year | FCF growth | Price requires |
|---|---|---|
| FY2024 | −54.1% | 94.5% |
| FY2025 | 434.0% | 94.5% |
The implied rate has been matched or beaten in 1 of the last 2 years.
| Step | Amount | Running total |
|---|---|---|
| Net income | $793,420 | $793,420 |
| Share-based comp | not reported | not reported |
| Other non-cash & working capital | −$457,359 | $336,061 |
| Operating cash flow | $336,061 | $336,061 |
| Capex | −$5,699 | $330,362 |
| Free cash flow | $330,362 | $330,362 |
| Fiscal year | Revenue growth | Receivables growth | Gap |
|---|---|---|---|
| FY2024 | 64.2% | not reported | not reported |
| FY2025 | 8.9% | 49.6% | 40.7 points |
| Fiscal year | DSO | DIO | DPO | Cash conversion cycle |
|---|---|---|---|---|
| FY2023 | not reported | not reported | not reported | not reported |
| FY2024 | 55.4 days | not reported | 28.9 days | 26.6 days |
| FY2025 | 76.2 days | not reported | 26.6 days | 49.6 days |
| Fiscal year | Accruals / assets |
|---|---|
| FY2023 | not reported |
| FY2024 | 28.9 percent |
| FY2025 | 18.0 percent |