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Held by 848 of 6,047 reporting institutions (98th percentile) — extremely crowded.
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 is comfortably covered — only 34% of free cash flow, leaving room to grow it and fund buybacks. Last year: $301.4M dividends + $354.7M buybacks = $656.0M returned on $894.9M FCF.
1 consecutive years of dividend increases · 4%/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 cash-return story — far more went to shareholders than back into the business (mature, low-reinvestment).
Operating income fell despite reinvestment — a warning on capital productivity. Current ROIC on all capital: 20%. 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 expense isn't separately reported — often netted into “other income (expense), net.”
Cash of $160.9M fully covers short-term debt of $0.
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.
Ranked against 13 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EXPE | $31.2B | 26.5× | 11.6× | 2.1× | 7.6% | — | 8.8% | 101% | 17.4% | 0.3× | 1,091 |
| EXPD | $25.2B | 32.6× | 21.6× | 2.3× | 4.4% | — | 7.3% | 34.4% | 34.4% | -1.2× | 924 |
| XPO | $21.4B | 69.3× | 21.7× | 2.6× | 1.1% | — | 3.9% | 17.0% | 6.2% | 2.6× | 722 |
| CHRW | $16.4B | 29.1× | 21.0× | 1.0× | -8.4% | — | 3.6% | 31.8% | 20.0% | 1.1× | 848 |
| GATX | $6.1B | 18.9× | 15.9× | 3.5× | 9.8% | — | 19.2% | 12.1% | 2.2% | 10.5× | 390 |
| GXO | $5.3B | 164.3× | 10.7× | 0.4× | 12.5% | — | 0.2% | 1.1% | 0.5% | 3.1× | 475 |
| GBTG | $5.0B | 43.2× | 18.5× | 1.8× | 12.2% | — | 4.1% | 6.9% | 3.7% | 3.1× | 188 |
| RXO | $4.7B | — | 138.2× | 0.8× | 26.2% | — | -1.7% | -6.5% | -5.1% | 10.5× | 298 |
| BCO | $4.2B | 21.9× | 7.5× | 0.8× | 5.0% | 25.8% | 3.8% | 71.9% | 4.6% | 2.6× | 348 |
| LIND | $2.3B | — | 25.3× | 3.0× | 19.6% | 45.8% | -3.9% | 10.4% | -7.9% | 3.8× | 214 |
| HUBG | $1.8B | 16.9× | 5.8× | 0.5× | -6.1% | — | 2.6% | 6.3% | 5.4% | 0.5× | 279 |
| FWRD | $509M | — | 11.1× | 0.2× | 0.8% | — | -4.3% | -95.1% | -6.0% | 8.4× | 188 |
| VRRM | $436M | 3.4× | 4.0× | 3.3× | 14.6% | — | — | 46.6% | 10.3% | 2.7× | 308 |
| RLGT | $434M | 23.7× | 12.9× | 0.5× | 3.5% | — | 2.0% | 7.8% | 7.8% | -0.8× | 124 |
Peers = companies sharing CHRW's sector (Arrangement of Transportation of Freight & Cargo) 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.
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 $140.61 today, the market must believe free cash flow compounds 9.0%/yr for a decade (off $694.4M on the 3-yr avg basis).
On the basis ($620.1M) the requirement is 10.5%/yr. Shares issued to employees are added back in operating cash flow, so this basis treats them as free.
The market's 9.0% is more optimistic than its 9-yr track record.
Default is 9.2% — this company's computed cost of capital (computed WACC), the same rate the Analysis tab discounts at.
2-stage DCF · 0.12B shares (market data) · net debt $928.6M
mean 276.0% · volatility σ 842% · implied rate exceeded in 3/9 yrs
Central path = implied 9.0%/yr growth; shaded band = ±1σ (842%) 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.
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
EOD close · as of 2026-10-05
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. This year they exceeded net income, so the ribbons are capped at earnings and understate what was actually returned.
Each value shows its share of revenue below it (common-size).
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $16.23B 100.0% | $17.72B 100.0% | $17.60B 100.0% | $24.70B 100.0% | $23.10B 100.0% | $16.21B 100.0% | $15.31B 100.0% | $16.63B 100.0% | $14.87B 100.0% | $13.14B 100.0% |
| Cost of Revenue | — | — | — | — | — | — | — | — | $1.24B 8.4% | $1.32B 10.0% |
| Cost of Products | — | — | — | — | — | — | — | — | $1.24B 8.4% | $1.32B 10.0% |
| Total Operating Expenses | $15.44B 95.1% | $17.06B 96.2% | $17.08B 97.1% | $23.43B 94.9% | $22.02B 95.3% | $15.53B 95.8% | $14.52B 94.8% | $15.72B 94.5% | $14.09B 94.8% | $12.31B 93.6% |
| Operating Income | $795.0M 4.9% | $669.1M 3.8% | $514.6M 2.9% | $1.27B 5.1% | $1.08B 4.7% | $673.3M 4.2% | $790.0M 5.2% | $912.1M 5.5% | $775.1M 5.2% | $837.5M 6.4% |
| Pretax Income | $722.5M 4.5% | $579.2M 3.3% | $409.2M 2.3% | $1.17B 4.7% | $1.02B 4.4% | $628.3M 3.9% | $742.3M 4.8% | $880.3M 5.3% | $728.5M 4.9% | $812.0M 6.2% |
| Income Tax Expense | $135.4M 0.8% | $113.5M 0.6% | $84.1M 0.5% | $226.2M 0.9% | $178.0M 0.8% | $121.9M 0.8% | $165.3M 1.1% | $215.8M 1.3% | $223.6M 1.5% | $298.6M 2.3% |
| Net Income | $587.1M 3.6% | $465.7M 2.6% | $325.1M 1.8% | $940.5M 3.8% | $844.2M 3.7% | $506.4M 3.1% | $577.0M 3.8% | $664.5M 4.0% | $504.9M 3.4% | $513.4M 3.9% |
| Per Share | ||||||||||
| EPS (Basic) | $4.88 | $3.89 | $2.74 | $7.48 | $6.37 | $3.74 | $4.21 | $4.78 | $3.59 | $3.60 |
| EPS (Diluted) | $4.83 | $3.86 | $2.72 | $7.40 | $6.31 | $3.72 | $4.19 | $4.73 | $3.57 | $3.59 |
| Weighted Avg Shares (Basic) | 120.2M | 119.8M | 118.6M | 125.7M | 132.5M | 135.5M | 137.0M | 139.0M | 140.6M | 142.7M |
| Weighted Avg Shares (Diluted) | 121.5M | 120.7M | 119.7M | 127.2M | 133.8M | 136.2M | 137.7M | 140.4M | 141.4M | 143.0M |
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.
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 2026-10-05
Where each multiple sits in its own 14-yr range · 91th 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 32% against ROIC 20% — 12% 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 32.9% — 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 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|
| Operating Income | 5.5 | 5.2 | 4.2 | 4.7 | 5.1 | 2.9 | 3.8 | 4.9 |
| Income Tax | 1.3 | 1.1 | 0.8 | 0.8 | 0.9 | 0.5 | 0.6 | 0.8 |
| Net Income | 4.0 | 3.8 | 3.1 | 3.7 | 3.8 | 1.8 | 2.6 | 3.6 |
Green = margin-favorable vs the row's own range · red = unfavorable.
The metrics that matter, over time
A 30-second read on CHRW: price, valuation and headline fundamentals from SEC filings. The four questions at the top of the page are where the judgements live.
Earns 9.75pts above its cost of capital, positive in 5 of the last 5 years.
| Period | ROIC | Cost of capital | Spread |
|---|---|---|---|
| FY2019 | 20.6% | 9.2% (today's — no rate published for this year) | 11.4pts |
| FY2020 | 16.4% | 9.2% (today's — no rate published for this year) | 7.2pts |
| FY2021 | 20.5% | 9.2% (today's — no rate published for this year) | 11.3pts |
| FY2022 | 27.4% | 9.2% (today's — no rate published for this year) | 18.2pts |
| FY2023 | 12.3% | 9.2% (today's — no rate published for this year) | 3.1pts |
| FY2024 | 15.5% | 9.2% (today's — no rate published for this year) | 6.4pts |
| FY2025 | 19.7% | 9.2% (today's — no rate published for this year) | 10.5pts |
| Now | 20.0% | 9.2% | 10.8pts |
| Fiscal year | Gross margin | Operating margin | Net margin |
|---|---|---|---|
| FY2016 | 90.0% | 6.4% | 3.9% |
| FY2017 | 91.6% | 5.2% | 3.4% |
| FY2018 | not reported | 5.5% | 4.0% |
| FY2019 | not reported | 5.2% | 3.8% |
| FY2020 | not reported | 4.2% | 3.1% |
| FY2021 | not reported | 4.7% | 3.7% |
| FY2022 | not reported | 5.1% | 3.8% |
| FY2023 | not reported | 2.9% | 1.8% |
| FY2024 | not reported | 3.8% | 2.6% |
| FY2025 | not reported | 4.9% | 3.6% |
Leverage and buybacks account for 12 points of the 32% return on equity in FY2025. The business earns 20% 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.
$1.5B of goodwill — 43% 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.
ROIC ex-goodwill is 33.31% against 18.92% reported — the return is earned on a capital base inflated by what was paid for acquisitions, not by the operating business alone.
Converts 1.30x of reported profit into free cash flow over 5 years, with accruals negative.
The cash conversion cycle could not be computed — receivables, inventory or cost of revenue is not reported — so the earliest accrual warning is not part of this verdict.
Debt is present but there is no positive EBITDA or no reported interest expense, so coverage cannot be measured.
Balance sheet at 2025-12-31. Undrawn revolving credit is not shown: the tag is collected but not yet mapped through to the API.
No material counter-signal in the checked set: net debt / EBITDA, interest coverage, stressed coverage, maturity schedule vs cash and one year of FCF, liquidity ratios.
Missing from our data, so excluded from this answer: interest_expense.
At $140.61, free cash flow must compound 9.21%/yr for 10 years. It has done 1.9%/yr over 6 years.
| Fiscal year | FCF growth | Price requires |
|---|---|---|
| FY2020 | −40.4% | 9.2% |
| FY2021 | −87.2% | 9.2% |
| FY2022 | 2514.1% | 9.2% |
| FY2023 | −55.8% | 9.2% |
| FY2024 | −30.7% | 9.2% |
| FY2025 | 84.0% | 9.2% |
The implied rate has been matched or beaten in 2 of the last 6 years.
| Step | Amount | Running total |
|---|---|---|
| Net income | $587M | $587M |
| Share-based comp | $80M | $667M |
| Other non-cash & working capital | $247M | $915M |
| Operating cash flow | $915M | $915M |
| Capex | −$20M | $895M |
| Free cash flow | $895M | $895M |
| FCF after SBC | $815M | $815M |
| Fiscal year | Revenue growth | Receivables growth | Gap |
|---|---|---|---|
| FY2020 | 5.9% | not reported | not reported |
| FY2021 | 42.5% | not reported | not reported |
| FY2022 | 6.9% | not reported | not reported |
| FY2023 | -28.8% | not reported | not reported |
| FY2024 | 0.7% | not reported | not reported |
| FY2025 | -8.4% | not reported | not reported |
| Fiscal year | Accruals / assets |
|---|---|
| FY2019 | -5.6 percent |
| FY2020 | 0.1 percent |
| FY2021 | 10.7 percent |
| FY2022 | -11.9 percent |
| FY2023 | -7.8 percent |
| FY2024 | -0.8 percent |
| FY2025 | -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 (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.