Loading institutional data...
Loading institutional data...
Held by 774 of 6,047 reporting institutions (98th 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...
What the company returns to shareholders — and whether it's covered by cash.
No dividend to cover. Last year: $0 dividends + $5.13B buybacks = $5.13B returned on $4.42B 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 balanced mix of reinvestment and shareholder returns.
Modest payoff on reinvested capital. Current ROIC on all capital: 5%. 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 $477.0M is below short-term debt of $750.0M — relies on refinancing/operations.
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.
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.
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 $105.14 today, the market must believe free cash flow compounds 12.9%/yr for a decade (off $3.63B on the 3-yr avg basis).
On the basis ($2.96B) the requirement is 15.7%/yr. Shares issued to employees are added back in operating cash flow, so this basis treats them as free.
The market's 12.9% is more optimistic than its 9-yr track record.
Default is 10.0% — this company's computed cost of capital (published default — this company's cost of capital could not be computed), the same rate the Analysis tab discounts at.
2-stage DCF · 0.11B shares (market data) · net debt $94.28B
mean 12.2% · volatility σ 40% · implied rate exceeded in 5/9 yrs
Central path = implied 12.9%/yr growth; shaded band = ±1σ (40%) 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 2026-10-14
Where each multiple sits in its own 14-yr range · 0th 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 31% against ROIC 5% — 27% 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 2.8× 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 |
|---|---|---|---|---|---|---|---|---|
| SG&A | — | — | — | — | — | 6.4 | 6.5 | 6.9 |
| Operating Income | 12.0 | 14.2 | 17.5 | 20.4 | 22.1 | 23.0 | 23.8 | 23.6 |
| Income Tax | 0.4 | 1.0 | 1.3 | 2.1 | 3.0 | 2.9 | 3.0 | 3.1 |
| Net Income | 2.8 | 3.6 | 6.7 | 9.0 | 9.4 | 8.3 | 9.2 | 9.1 |
Green = margin-favorable vs the row's own range · red = unfavorable.
The metrics that matter, over time
A 30-second read on CHTR: price, valuation and headline fundamentals from SEC filings. The four questions at the top of the page are where the judgements live.
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 2026-10-14
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. 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 | $54.77B 100.0% | $55.09B 100.0% | $54.61B 100.0% | $54.02B 100.0% | $51.68B 100.0% | $48.10B 100.0% | $45.76B 100.0% | $43.63B 100.0% | $41.58B 100.0% | $29.00B 100.0% |
| Selling, General & Admin | $3.78B 6.9% | $3.59B 6.5% | $3.47B 6.4% | — | — | — | — | — | — | — |
| Total Operating Expenses | $32.74B 59.8% | $33.17B 60.2% | $33.41B 61.2% | $32.88B 60.9% | $31.48B 60.9% | $29.93B 62.2% | $29.22B 63.9% | $27.86B 63.8% | $26.54B 63.8% | $18.66B 64.3% |
| Operating Income | $12.91B 23.6% | $13.12B 23.8% | $12.56B 23.0% | $11.96B 22.1% | $10.53B 20.4% | $8.40B 17.5% | $6.51B 14.2% | $5.22B 12.0% | $4.11B 9.9% | $2.46B 8.5% |
| Other Income (Expense), net | -$408.0M -0.7% | -$387.0M -0.7% | -$517.0M -0.9% | $56.0M 0.1% | -$101.0M -0.2% | -$255.0M -0.5% | -$283.0M -0.6% | -$3.54B -8.1% | -$3.08B -7.4% | -$1.64B -5.6% |
| Pretax Income | $7.46B 13.6% | $7.50B 13.6% | $6.85B 12.6% | $7.46B 13.8% | $6.39B 12.4% | $4.30B 8.9% | $2.43B 5.3% | $1.69B 3.9% | $1.03B 2.5% | $820.0M 2.8% |
| Income Tax Expense | $1.69B 3.1% | $1.65B 3.0% | $1.59B 2.9% | $1.61B 3.0% | $1.07B 2.1% | $626.0M 1.3% | $439.0M 1.0% | $180.0M 0.4% | -$9.09B -21.9% | -$2.92B -10.1% |
| Net Income | $4.99B 9.1% | $5.08B 9.2% | $4.56B 8.3% | $5.05B 9.4% | $4.65B 9.0% | $3.22B 6.7% | $1.67B 3.6% | $1.23B 2.8% | $9.89B 23.8% | $3.52B 12.1% |
| Per Share | ||||||||||
| EPS (Basic) | $36.90 | $35.53 | $30.54 | $31.30 | $25.34 | $15.85 | $7.60 | $5.29 | $38.55 | $17.05 |
| EPS (Diluted) | $36.21 | $34.97 | $29.99 | $30.74 | $24.47 | $15.40 | $7.45 | $5.22 | $34.09 | $15.94 |
| Weighted Avg Shares (Basic) | 135.2M | 143.1M | 149.2M | 161.5M | 183.7M | 203.3M | 219.5M | 232.4M | 256.7M | 206.5M |
| Weighted Avg Shares (Diluted) | 137.7M | 145.4M | 152.0M | 164.4M | 193.0M | 209.3M | 223.8M | 235.5M | 296.7M | 234.8M |
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 36 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| CCZ | $243.0B | 12.2× | 9.0× | 2.0× | -0.0% | — | 16.2% | 20.6% | 10.2% | 2.4× | 1 |
| VZ | $184.6B | 10.9× | 6.8× | 1.3× | 2.5% | — | 12.4% | 16.2% | 7.0% | 2.7× | 3,043 |
| TMUS | $169.3B | 16.2× | 7.9× | 1.9× | 8.5% | — | 12.4% | 18.6% | 7.6% | 2.5× | 1,605 |
| T | $157.9B | 7.6× | 6.3× | 1.3× | 2.7% | — | 17.5% | 17.4% | 8.1% | 2.8× | 2,601 |
| WBD | $77.6B | 106.7× | 16.5× | 2.1× | -5.1% | — | 1.9% | 2.0% | 1.1% | 4.4× | 1,284 |
| ROKU | $22.7B | 258.6× | — | 4.8× | 15.2% | 43.8% | 1.9% | 3.3% | 3.3% | — | 759 |
| CHTR | $12.0B | 2.9× | 5.1× | 0.2× | -0.6% | — | 9.1% | 31.1% | 4.5% | 4.5× | 774 |
| GSAT | $10.7B | — | 114.5× | 39.1× | 9.0% | — | -3.2% | -2.4% | -1.0% | 0.4× | 314 |
| SIRI | $8.9B | 11.9× | 9.8× | 1.0× | -1.6% | 52.4% | 9.4% | 7.0% | 3.8% | 5.1× | 597 |
| VSAT | $8.5B | — | 5.9× | 1.8× | 2.7% | — | -0.7% | -0.7% | -0.7% | -1.5× | 480 |
| NXST | $4.9B | 53.4× | 8.3× | 1.0× | -8.5% | — | 2.2% | 5.3% | 1.3% | 4.6× | 473 |
| IRDM | $4.9B | 43.2× | 14.6× | 5.6× | 4.9% | — | 13.1% | 24.7% | 5.1% | 3.7× | 472 |
| LUMN | $4.7B | — | 1.9× | 0.4× | -5.4% | 46.5% | -14.0% | 156% | 156% | -0.5× | 613 |
| TDS | $3.9B | — | 15.2× | 3.2× | -5.3% | — | -0.5% | -0.1% | -0.1% | -3.7× | 340 |
| AD | $2.9B | 59.9× | — | 17.8× | 58.3% | 51.2% | 29.9% | 1.9% | 1.9% | — | 140 |
| LBTYA | $2.8B | — | — | 0.6× | 12.4% | 65.8% | -146% | -73.3% | -39.0% | — | — |
| ADEA | $2.4B | 21.8× | 15.4× | 5.4× | 17.9% | — | 25.1% | 23.1% | 12.4% | 1.9× | 290 |
| CALX | $2.3B | 138.6× | 54.9× | 2.3× | 20.3% | 56.8% | 1.8% | 2.1% | 2.1% | -3.7× | 274 |
| IDT | $2.0B | 26.9× | 14.9× | 1.6× | 2.1% | 36.2% | 6.2% | 24.9% | 24.9% | -1.9× | 195 |
| ZD | $2.0B | 49.9× | 5.5× | 1.4× | 3.5% | 85.8% | 3.3% | 2.7% | 1.8% | 0.7× | 258 |
| LILA | $1.6B | — | 9.4× | 0.4× | -0.1% | 78.0% | -13.8% | -110% | -6.6% | 7.8× | — |
| UNIT | $1.4B | 1.2× | 13.8× | 0.6× | 91.5% | — | 58.4% | 343% | 13.2% | 12.1× | 276 |
| NMAX | $1.2B | — | — | 6.3× | 10.7% | 39.3% | -52.6% | -93.8% | -93.8% | — | 232 |
| SBGI | $895M | — | 10.4× | 0.3× | -10.7% | — | -3.5% | -25.3% | -2.3% | 8.3× | 178 |
| EVC | $587M | — | — | 1.3× | 22.6% | 58.9% | -17.7% | -143% | -35.6% | — | 144 |
Peers = companies sharing CHTR's sector (Cable & Other Pay Television 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.
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.
Earns 7.94pts above its cost of capital, positive in 5 of the last 5 years.
| Period | ROIC | Cost of capital | Spread |
|---|---|---|---|
| FY2019 | 4.6% | 1.1% (today's — no rate published for this year) | 3.6pts |
| FY2020 | 6.0% | 1.1% (today's — no rate published for this year) | 5.0pts |
| FY2021 | 7.6% | 1.1% (today's — no rate published for this year) | 6.6pts |
| FY2022 | 8.6% | 1.1% (today's — no rate published for this year) | 7.5pts |
| FY2023 | 8.8% | 1.1% (today's — no rate published for this year) | 7.8pts |
| FY2024 | 9.2% | 1.1% (today's — no rate published for this year) | 8.1pts |
| FY2025 | 8.9% | 1.1% (today's — no rate published for this year) | 7.9pts |
| Now | 4.5% | 1.1% | 3.5pts |
| Fiscal year | Gross margin | Operating margin | Net margin |
|---|---|---|---|
| FY2016 | not reported | 8.5% | 12.1% |
| FY2017 | not reported | 9.9% | 23.8% |
| FY2018 | not reported | 12.0% | 2.8% |
| FY2019 | not reported | 14.2% | 3.6% |
| FY2020 | not reported | 17.5% | 6.7% |
| FY2021 | not reported | 20.4% | 9.0% |
| FY2022 | not reported | 22.1% | 9.4% |
| FY2023 | not reported | 23.0% | 8.3% |
| FY2024 | not reported | 23.8% | 9.2% |
| FY2025 | not reported | 23.6% | 9.1% |
Leverage and buybacks account for 27 points of the 31% return on equity in FY2025. The business earns 5% 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.
$29.7B of goodwill — 27% 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 12.28% against 9.0% reported — the return is earned on a capital base inflated by what was paid for acquisitions, not by the operating business alone.
Converts 1.04x of reported profit into free cash flow over 5 years, with accruals negative.
Reported free cash flow is $4.42B; after share-based compensation it is $3.75B. The difference is a real cost that the cash flow statement adds back.
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 $105.14, free cash flow must compound 13.07%/yr for 10 years. It has done -0.5%/yr over 6 years.
| Fiscal year | FCF growth | Price requires |
|---|---|---|
| FY2020 | 57.0% | 13.1% |
| FY2021 | 20.4% | 13.1% |
| FY2022 | −35.5% | 13.1% |
| FY2023 | −40.2% | 13.1% |
| FY2024 | −4.7% | 13.1% |
| FY2025 | 39.8% | 13.1% |
The cost of capital could not be computed for this company, so the requirement is solved at the published 10% default — a different rate would move it materially.
| Step | Amount | Running total |
|---|---|---|
| Net income | $4.99B | $4.99B |
| Share-based comp | $673M | $5.66B |
| Other non-cash & working capital | $10.42B | $16.08B |
| Operating cash flow | $16.08B | $16.08B |
| Capex | −$11.66B | $4.42B |
| Free cash flow | $4.42B | $4.42B |
| FCF after SBC | $3.75B | $3.75B |
| Fiscal year | Revenue growth | Receivables growth | Gap |
|---|---|---|---|
| FY2020 | 5.1% | 14.0% | 8.9 points |
| FY2021 | 7.5% | 1.6% | -5.9 points |
| FY2022 | 4.5% | 13.3% | 8.7 points |
| FY2023 | 1.1% | 1.5% | 0.4 points |
| FY2024 | 0.9% | 4.5% | 3.6 points |
| FY2025 | -0.6% | 18.8% | 19.4 points |
| Fiscal year | DSO | DIO | DPO | Cash conversion cycle |
|---|---|---|---|---|
| FY2019 | 17.8 days | not reported | not reported | not reported |
| FY2020 | 19.3 days | not reported | not reported | not reported |
| FY2021 | 18.2 days | not reported | not reported | not reported |
| FY2022 | 19.7 days | not reported | not reported | not reported |
| FY2023 | 19.8 days | not reported | not reported | not reported |
| FY2024 | 20.5 days | not reported | not reported | not reported |
| FY2025 | 24.5 days | not reported | not reported | not reported |
| Fiscal year | Accruals / assets |
|---|---|
| FY2019 | -6.8 percent |
| FY2020 | -7.9 percent |
| FY2021 | -8.1 percent |
| FY2022 | -6.8 percent |
| FY2023 | -6.7 percent |
| FY2024 | -6.2 percent |
| FY2025 | -7.2 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.