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Held by 276 of 6,047 reporting institutions (93th 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.
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| CTAS | $84.6B | 48.4× | 30.4× | 8.2× | 7.7% | 50.0% | 17.5% | 38.7% | 25.5% | 0.8× | 1,372 |
| RL | $23.3B | 25.9× | 16.0× | 2.9× | 14.6% | 69.9% | 11.6% | 33.1% | 23.1% | -0.5× | 776 |
| LULU | $11.5B | 7.5× | 4.2× | 1.0× | 4.9% | 56.6% | 14.2% | 31.8% | 31.8% | 0.0× | 835 |
| LEVI | $7.9B | 14.2× | 9.3× | 1.3× | 4.1% | 61.7% | 9.2% | 25.4% | 17.4% | 0.3× | 306 |
| VFC | $6.7B | 26.6× | — | 0.7× | 1.1% | 54.8% | 2.7% | 13.8% | 4.7% | — | 544 |
| KTB | $4.0B | 18.0× | 13.1× | 1.3× | 20.9% | 45.2% | 7.2% | 40.3% | 13.3% | 2.8× | 416 |
| PVH | $3.9B | 164.2× | 11.0× | 0.4× | 3.4% | 57.5% | 0.3% | 0.5% | 0.4% | 3.2× | 374 |
| FIGS | $3.2B | 102.8× | 67.1× | 5.1× | 13.6% | 66.5% | 5.4% | 7.8% | 7.8% | -1.7× | 232 |
| COLM | $3.1B | 18.8× | 10.1× | 0.9× | 0.9% | 50.5% | 5.2% | 10.4% | 10.4% | -1.7× | 312 |
| GIII | $1.2B | 18.8× | 6.2× | 0.4× | -7.0% | 39.4% | 2.3% | 3.8% | 3.8% | -3.0× | 237 |
| CRI | $1.2B | 12.9× | 6.5× | 0.4× | 1.9% | 45.4% | 3.2% | 9.9% | 6.2% | 0.4× | 276 |
| OXM | $418M | — | 21.1× | 0.3× | -2.6% | 60.7% | -1.9% | -5.4% | -4.4% | 4.3× | 188 |
| JILL | $367M | 13.6× | — | 0.6× | -2.3% | 68.7% | 4.7% | 23.0% | 14.3% | — | 82 |
| SGC | $214M | 29.2× | — | 0.4× | 0.1% | 37.6% | 1.2% | 3.6% | 2.4% | — | 106 |
Peers = companies sharing CRI's sector (Apparel & Other Finishd Prods of Fabrics & Similar Matl) 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, FY2026). Smooths the cycle. Stock compensation is NOT charged — it is added back inside operating cash flow.
To be worth $31.45 today, the market must believe free cash flow compounds -15.0%/yr for a decade (off $260.2M on the 3-yr avg basis).
On the basis ($241.0M) the requirement is -13.9%/yr. Shares issued to employees are added back in operating cash flow, so this basis treats them as free.
The market's -15.0% is in line with its 9-yr track record.
Default is 8.6% — this company's computed cost of capital (computed WACC), the same rate the Analysis tab discounts at.
2-stage DCF · 0.04B shares (market data) · net debt $80.1M
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 78.6% · volatility σ 304% · implied rate exceeded in 5/9 yrs
Central path = implied -15.0%/yr growth; shaded band = ±1σ (304%) 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
What the company returns to shareholders — and whether it's covered by cash.
The dividend takes 82% of free cash flow — sustainable but with limited headroom. Last year: $56.4M dividends + $0 buybacks = $56.4M returned on $68.6M 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 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: 6%. 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.
EOD close · as of 2026-10-16
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 | FY2024 | FY2023 | FY2022 | FY2022 | FY2021 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.90B 100.0% | $2.84B 100.0% | $2.95B 100.0% | $3.21B 100.0% | $3.49B 100.0% | $3.02B 100.0% | $3.52B 100.0% | $3.46B 100.0% | $3.40B 100.0% | $3.20B 100.0% |
| Cost of Revenue | — | — | — | — | — | — | $2.01B 57.1% | $1.96B 56.7% | $1.92B 56.4% | $1.82B 56.9% |
| Cost of Products | — | — | — | — | — | — | — | — | $1.92B 56.4% | $1.82B 56.9% |
| Gross Profit | $1.31B 45.4% | $1.37B 48.0% | $1.40B 47.4% | $1.47B 45.8% | $1.66B 47.7% | $1.31B 43.4% | $1.51B 42.9% | $1.50B 43.3% | $1.48B 43.6% | $1.38B 43.1% |
| Selling, General & Admin | $1.19B 41.0% | $1.10B 38.7% | $1.09B 37.1% | $1.11B 34.6% | $1.19B 34.2% | $1.11B 36.6% | $1.14B 32.4% | $1.14B 33.1% | $1.11B 32.6% | $995.4M 31.1% |
| Operating Income | $143.9M 5.0% | $254.7M 9.0% | $323.4M 11.0% | $379.2M 11.8% | $497.1M 14.3% | $189.9M 6.3% | $371.9M 10.6% | $391.4M 11.3% | $419.6M 12.3% | $425.9M 13.3% |
| Interest Expense | $34.2M 1.2% | $31.3M 1.1% | $34.0M 1.2% | $42.8M 1.3% | $60.3M 1.7% | $56.1M 1.9% | $37.6M 1.1% | $34.6M 1.0% | $30.0M 0.9% | $27.0M 0.8% |
| Interest & Investment Income | $13.5M 0.5% | $11.0M 0.4% | $4.8M 0.2% | $1.3M 0.0% | $1.1M 0.0% | $1.5M 0.1% | $1.3M 0.0% | $527K 0.0% | $345K 0.0% | $563K 0.0% |
| Other Income (Expense), net | $1.1M 0.0% | -$2.7M -0.1% | $8.0M 0.3% | -$975K -0.0% | $409K 0.0% | -$338K -0.0% | $217K 0.0% | -$1.4M -0.0% | $1.2M 0.0% | -$4.0M -0.1% |
| Pretax Income | $113.8M 3.9% | $230.8M 8.1% | $302.2M 10.3% | $316.7M 9.9% | $438.3M 12.6% | $135.0M 4.5% | $328.0M 9.3% | $356.0M 10.3% | $391.1M 11.5% | $395.4M 12.4% |
| Income Tax Expense | $22.0M 0.8% | $45.3M 1.6% | $69.7M 2.4% | $66.7M 2.1% | $98.5M 2.8% | $25.3M 0.8% | $64.2M 1.8% | $73.9M 2.1% | $88.2M 2.6% | $137.7M 4.3% |
| Net Income | $91.8M 3.2% | $185.5M 6.5% | $232.5M 7.9% | $250.0M 7.8% | $339.7M 9.7% | $109.7M 3.6% | $263.8M 7.5% | $282.1M 8.1% | $302.8M 8.9% | $257.7M 8.1% |
| Per Share | ||||||||||
| EPS (Basic) | $2.53 | $5.12 | $6.24 | $6.34 | $7.83 | $2.51 | $5.89 | $6.06 | $6.31 | $5.12 |
| EPS (Diluted) | $2.53 | $5.12 | $6.24 | $6.34 | $7.81 | $2.50 | $5.85 | $6.00 | $6.24 | $5.08 |
| Weighted Avg Shares (Basic) | 35.4M | 35.5M | 36.6M | 38.8M | 42.9M | 43.2M | 44.4M | 46.2M | 47.6M | 49.9M |
| Weighted Avg Shares (Diluted) | 35.4M | 35.5M | 36.6M | 38.9M | 43.0M | 43.4M | 44.7M | 46.6M | 48.1M | 50.4M |
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.
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).
Coverage is adequate but not comfortable. Effective rate ~6.0% on $567.2M of debt.
Cash vs short-term debt unavailable.
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.
EOD close · as of 2026-10-16
Earns -2.05pts against its cost of capital — capital is being consumed, not created.
| Fiscal year | Gross margin | Operating margin | Net margin |
|---|---|---|---|
| FY2016 | 43.1% | 13.3% | 8.1% |
| FY2017 | 43.6% | 12.3% | 8.9% |
| FY2018 | 43.3% | 11.3% | 8.1% |
| FY2019 | 42.9% | 10.6% | 7.5% |
| FY2021 | 43.4% | 6.3% | 3.6% |
| FY2022 | 47.7% | 14.3% | 9.7% |
| FY2022 | 45.8% | 11.8% | 7.8% |
| FY2023 | 47.4% | 11.0% | 7.9% |
| FY2024 | 48.0% | 9.0% | 6.5% |
| FY2026 | 45.4% | 5.0% | 3.2% |
Margins have compressed 4 years running even as the spread stayed positive.
Is the profit real, and how strong is the balance sheet?
FY2026 · every deduction from revenue to net income
DuPont — the three levers
ROE 10% against ROIC 6% — 4% 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
Profit and sales moved in opposite directions this year.
Each line as % of revenue — the trend in color
| % of revenue | FY2018 | FY2019 | FY2021 | FY2022 | FY2022 | FY2023 | FY2024 | FY2026 |
|---|---|---|---|---|---|---|---|---|
| Cost of Revenue | 56.7 | 57.1 | — | — | — | — | — | — |
| Gross Profit | 43.3 | 42.9 | 43.4 | 47.7 | 45.8 | 47.4 | 48.0 | 45.4 |
| SG&A | 33.1 | 32.4 | 36.6 | 34.2 | 34.6 | 37.1 | 38.7 | 41.0 |
| Operating Income | 11.3 | 10.6 | 6.3 | 14.3 | 11.8 | 11.0 | 9.0 | 5.0 |
| Income Tax | 2.1 | 1.8 | 0.8 | 2.8 | 2.1 | 2.4 | 1.6 | 0.8 |
| Net Income | 8.1 | 7.5 | 3.6 | 9.7 | 7.8 | 7.9 | 6.5 | 3.2 |
Green = margin-favorable vs the row's own range · red = unfavorable.
The metrics that matter, over time
A 30-second read on CRI: price, valuation and headline fundamentals from SEC filings. The four questions at the top of the page are where the judgements live.
Leverage and buybacks account for 4 points of the 10% return on equity in FY2026. The business earns 6% 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.
$208M of goodwill — 12% 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.
| Period | ROIC | Cost of capital | Spread |
|---|---|---|---|
| FY2019 | 13.7% | 8.6% (today's — no rate published for this year) | 5.1pts |
| FY2021 | 9.3% | 8.6% (today's — no rate published for this year) | 0.7pts |
| FY2022 | 24.6% | 6.8% | 17.8pts |
| FY2022 | 16.4% | 6.8% | 9.6pts |
| FY2023 | 15.7% | 6.6% | 9.1pts |
| FY2024 | 12.4% | 7.3% | 5.2pts |
| FY2026 | 6.7% | 7.4% | -0.7pts |
| Now | 6.2% | 8.6% | -2.4pts |
Converts 0.99x of reported profit into free cash flow over 5 years, with accruals negative.
| Step | Amount | Running total |
|---|---|---|
| Net income | $92M | $92M |
| Share-based comp | $20M | $112M |
| Other non-cash & working capital | $10M | $122M |
| Operating cash flow | $122M | $122M |
| Capex | −$54M | $69M |
| Free cash flow | $69M | $69M |
| FCF after SBC | $48M | $48M |
| Fiscal year | Revenue growth | Receivables growth | Gap |
|---|---|---|---|
| FY2021 | -14.1% | not reported | not reported |
| FY2022 | 15.3% | not reported | not reported |
| FY2022 | -7.8% | not reported | not reported |
| FY2023 | -8.3% | not reported | not reported |
| FY2024 | -3.5% | not reported | not reported |
| FY2026 | 1.9% | not reported | not reported |
| Fiscal year | Accruals / assets |
|---|---|
| FY2019 | -4.5 percent |
| FY2021 | -14.1 percent |
| FY2022 | 2.2 percent |
| FY2022 | 6.6 percent |
| FY2023 | -12.5 percent |
| FY2024 | -4.7 percent |
| FY2026 | -1.2 percent |
Reported free cash flow is $69M; after share-based compensation it is $48M. The difference is a real cost that the cash flow statement adds back.
Covers interest 2.9x under stress — adequate, without much room.
| EBITDA decline | Interest coverage |
|---|---|
| 0% | 4.21x |
| 5% | 3.99x |
| 10% | 3.78x |
| 15% | 3.57x |
| 20% | 3.36x |
| 25% | 3.15x |
| 30% | 2.94x |
| 35% | 2.73x |
| 40% | 2.52x |
| 45% | 2.31x |
| 50% | 2.10x |
| 55% | 1.89x |
| 60% | 1.68x |
Balance sheet at 2026-01-03. Undrawn revolving credit is not shown: the tag is collected but not yet mapped through to the API.
Coverage is comfortable at 4.2x today but falls to 2.9x after a 30% EBITDA decline — the cushion is earnings, not liquidity.
At $32.64, free cash flow must compound -8.58%/yr for 10 years. It has done -22.86%/yr over 6 years.
| Fiscal year | FCF growth | Price requires |
|---|---|---|
| FY2021 | 70.5% | −8.6% |
| FY2022 | −58.5% | −8.6% |
| FY2022 | −79.2% | −8.6% |
| FY2023 | 877.7% | −8.6% |
| FY2024 | −48.3% | −8.6% |
| FY2026 | −71.7% | −8.6% |
The implied rate has been matched or beaten in 2 of the last 6 years.
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.
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.