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Held by 198 of 5,944 reporting institutions (92th percentile) — extremely crowded.
Data as of Q1 2026
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EOD close · as of 2026-08-05 · 15d old
How a revenue dollar becomes profit — FY2025
Each value shows its share of revenue below it (common-size).
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $10.76B 100.0% | $8.70B 100.0% | $9.66B 100.0% | $17.21B 100.0% | $9.43B 100.0% | $6.17B 100.0% | $6.84B 100.0% | $6.43B 100.0% | $4.30B 100.0% | $1.10B 100.0% |
| Cost of Revenue | — | — | — | — | — | — | — | $3.40B 53.0% | $2.32B 53.9% | $410.0M 37.3% |
| Cost of Products | — | — | — | — | — | — | — | — | $2.32B 53.9% | $410.0M 37.3% |
| Research & Development | — | — | — | — | $1.0M 0.0% | $0 0.0% | $0 0.0% | $2.0M 0.0% | $3.0M 0.1% | $0 0.0% |
| Selling, General & Admin | $105.0M 1.0% | $100.0M 1.1% | $99.0M 1.0% | $97.0M 0.6% | $94.0M 1.0% | $14.0M 0.2% | $11.0M 0.2% | $11.0M 0.2% | $12.0M 0.3% | $13.0M 1.2% |
| Total Operating Expenses | $7.05B 65.6% | $5.42B 62.3% | $4.63B 47.9% | $13.83B 80.4% | $6.88B 72.9% | $4.04B 65.5% | $4.80B 70.2% | $4.45B 69.2% | $3.15B 73.1% | $850.0M 77.3% |
| Operating Income | $3.71B 34.4% | $3.28B 37.7% | $5.04B 52.1% | $3.38B 19.6% | $2.56B 27.1% | $2.13B 34.5% | $2.04B 29.8% | $1.98B 30.8% | $1.16B 26.9% | $250.0M 22.7% |
| Interest Expense | $753.0M 7.0% | $800.0M 9.2% | $823.0M 8.5% | $870.0M 5.1% | $831.0M 8.8% | $909.0M 14.7% | $885.0M 12.9% | $733.0M 11.4% | $614.0M 14.3% | $357.0M 32.5% |
| Interest & Investment Income | $14.0M 0.1% | $31.0M 0.4% | $44.0M 0.5% | $16.0M 0.1% | — | — | — | — | — | — |
| Other Income (Expense), net | -$719.0M -6.7% | -$770.0M -8.8% | -$782.0M -8.1% | -$882.0M -5.1% | -$927.0M -9.8% | -$942.0M -15.3% | -$865.0M -12.6% | -$705.0M -11.0% | -$666.0M -15.5% | -$421.0M -38.3% |
| Income Tax Expense | $0 0.0% | $0 0.0% | $0 0.0% | — | — | — | — | — | — | — |
| Net Income | $2.99B 27.8% | $2.51B 28.8% | $4.25B 44.0% | $2.50B 14.5% | $1.63B 17.3% | $1.18B 19.2% | $1.18B 17.2% | $1.27B 19.8% | $490.0M 11.4% | -$171.0M -15.5% |
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.
Solve the discounted cash flow backwards, then stress-test the assumptions.
To be worth $64.13 today, the market must believe free cash flow compounds 5.0%/yr for a decade (off $2.8B normalized FCF).
The market's 5.0% is more conservative than its 7-yr track record.
2-stage DCF · 0.48B shares (market data) · net debt $14.3B
mean 54.8% · volatility σ 117% · implied rate exceeded in 3/7 yrs
Central path = implied 5.0%/yr growth; shaded band = ±1σ (117%) 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.
Is the value real, and is the business safe? Academic scores + earnings quality + solvency, from SEC filings.
6/7 of the 9 checks — 2 couldn't be scored (see above), so the score is out of the 7 with data.
Insufficient balance-sheet detail (needs retained earnings, working capital, equity).
Needs granular two-year detail (receivables, PP&E, D&A, SG&A) — not fully reported.
Cash conversion lags reported earnings — watch accruals. Lower/negative accruals = higher quality (Sloan).
Interest coverage is thin — monitor; leverage falling year-over-year.
F-Score (0–9 fundamental momentum), Altman Z (distress risk), and Beneish M (earnings-manipulation screen) are academic models computed from the SEC filings. Screens and context — educational, not recommendations.
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 $2.6B 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. 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.
Cash of $182M is below the $307M due within a year — relies on refinancing or operating cash flow. Scheduled principal only (excludes interest & revolver draws). As of 2025-12-31 (10-K).
Green ≤ 1.5× · amber ≤ 3× · red > 3× (leverage relative to cash earnings).
Coverage is adequate but not comfortable. Effective rate ~5.2% on $14.5B of debt.
Cash of $182M is below short-term debt of $306M — relies on refinancing/operations.
Mostly long-term debt (balance-sheet current vs non-current split). See the maturity ladder above for the year-by-year repayment schedule.
Debt, cash, interest and equity from the SEC balance sheet & income statement. Effective rate = interest ÷ average debt. Maturity ladder from the SEC long-term-debt repayment schedule. Educational — not a recommendation.
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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.
Ranked against 243 sector peers with collected financials. Valuation from latest close × latest fiscal-year fundamentals; 13F conviction as of 2026-03-31.
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EC | $673.9B | — | — | — | — | — | — | — | — | — | 154 |
| XOM | $633.7B | 22.6× | — | 1.9× | -5.0% | — | 8.7% | 11.1% | 10.7% | — | 4,568 |
| CVX | $344.7B | 28.1× | — | 1.8× | -6.8% | 42.8% | 6.5% | 6.6% | 6.6% | — | 4,121 |
| RYDAF | $253.5B | — | — | — | — | — | — | — | — | — | 5 |
| TTE | $187.0B | — | — | — | — | — | — | — | — | — | 951 |
| COP | $144.0B | 18.1× | — | 2.4× | 7.7% | 62.1% | 13.6% | 12.4% | 12.2% | — | 2,450 |
| STOHF | $99.4B | — | — | — | — | — | — | — | — | — | 3 |
| VLO | $93.4B | 40.0× | 17.9× | 0.8× | -5.5% | 4.4% | 1.9% | 9.9% | 7.1% | 1.7× | 1,781 |
| CNQ | $93.2B | — | — | — | — | — | — | — | — | — | 709 |
| MPC | $90.8B | 22.5× | 7.8× | 0.7× | -4.4% | 10.0% | 3.0% | 23.4% | 20.6% | 0.2× | 1,802 |
| WMB | $87.7B | 33.6× | 17.8× | 7.3× | 13.8% | — | 21.9% | 20.4% | 6.3% | 4.4× | 1,736 |
| EIPAF | $84.0B | — | — | — | — | — | — | — | — | — | 2 |
| PSX | $82.2B | 18.8× | — | 0.6× | -7.5% | 12.3% | 3.3% | 15.1% | 8.9% | — | 2,041 |
| SU | $75.0B | — | — | — | — | — | — | — | — | — | 724 |
| SLB | $74.6B | 21.2× | — | 2.1× | -1.6% | — | 9.4% | 12.9% | 9.4% | — | 1,624 |
| EOG | $72.9B | 14.7× | 7.1× | 3.2× | -4.5% | — | 22.0% | 16.7% | 13.2% | 0.7× | 1,525 |
| BKR | $61.2B | — | — | 2.2× | -0.3% | — | 9.3% | 13.7% | 10.1% | — | 1,095 |
| IMO | $60.7B | 19.3× | — | 1.3× | -8.6% | — | 6.9% | 14.7% | 12.7% | — | 394 |
| LNG | $56.0B | 10.6× | 7.4× | 2.8× | 27.2% | — | 34.0% | 85.8% | 22.1% | 2.2× | 1,303 |
| TRGP | $55.8B | 30.6× | 15.1× | 3.3× | 3.9% | 38.3% | 11.3% | 62.7% | 9.4% | 3.6× | 979 |
| OKE | $54.9B | 16.1× | 11.9× | 1.6× | 55.0% | 30.5% | 10.1% | 15.1% | 6.3% | 4.4× | 1,622 |
| FANG | $53.0B | 32.5× | 10.7× | 3.5× | 35.8% | — | 10.3% | 4.2% | 3.0% | 2.3× | 1,141 |
| CVE | $52.2B | — | — | — | — | — | — | — | — | — | 437 |
| WOPEF | $42.7B | — | — | — | — | — | — | — | — | — | 3 |
| CCJ | $41.1B | — | — | — | — | — | — | — | — | — | 970 |
| CQP | $31.0B | — | 10.3× | 2.9× | 23.6% | — | 27.8% | — | — | 3.3× | 198 |
Peers = companies sharing CQP's sector (Energy) 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 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 2026-08-05
Nothing notable to watch.
Is the profit real, and how strong is the balance sheet?
FY2025 · every deduction from revenue to net income
DuPont — the three levers
Watch the leverage lever — a chunk of ROE comes from the balance sheet.
What the company owes vs. what it holds
Year-by-year maturities aren't in SEC companyfacts (footnote-only), so this shows the debt/cash structure and net leverage instead.
Latest year: profit growth vs revenue growth
Low operating leverage — profit tracks sales closely (stable, less cyclical).
Each line as % of revenue — the trend in color
| % of revenue | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|
| Cost of Revenue | 53.0 | — | — | — | — | — | — | — |
| R&D | 0.0 | 0.0 | 0.0 | 0.0 | — | — | — | — |
| SG&A | 0.2 | 0.2 | 0.2 | 1.0 | 0.6 | 1.0 | 1.1 | 1.0 |
| Operating Income | 30.8 | 29.8 | 34.5 | 27.1 | 19.6 | 52.1 | 37.7 | 34.4 |
| Income Tax | — | — | — | — | — | 0.0 | 0.0 | 0.0 |
| Net Income | 19.8 | 17.2 | 19.2 | 17.3 | 14.5 | 44.0 | 28.8 | 27.8 |
Green = margin-favorable vs the row's own range · red = unfavorable.
The metrics that matter, over time
A 30-second read on CQP: price, valuation, headline fundamentals, and an auto-generated scorecard from SEC filings. Flags are rule-based signals, not recommendations.