Loading institutional data...
Loading institutional data...
Held by 181 of 6,047 reporting institutions (90th 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 + $25.6M buybacks = $25.6M returned on $34.3M 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.
Reinvestment has been productive — operating income grew well per dollar put in. Current ROIC on all capital: 15%. 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 2026-10-08
How a revenue dollar becomes profit — FY2027
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 | FY2027 | FY2025 | FY2024 | FY2023 | FY2022 | FY2022 | FY2021 | FY2019 | FY2018 | FY2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $838.7M 100.0% | $756.5M 100.0% | $818.1M 100.0% | $754.2M 100.0% | $611.0M 100.0% | $482.0M 100.0% | $608.9M 100.0% | $569.7M 100.0% | $610.5M 100.0% | $586.5M 100.0% |
| Cost of Revenue | $609.7M 72.7% | $561.0M 74.2% | $595.6M 72.8% | $602.8M 79.9% | $494.3M 80.9% | $361.4M 75.0% | $470.2M 77.2% | $439.4M 77.1% | $464.9M 76.1% | $446.1M 76.1% |
| Gross Profit | $229.0M 27.3% | $195.5M 25.8% | $222.4M 27.2% | $151.4M 20.1% | $116.7M 19.1% | $120.6M 25.0% | $138.7M 22.8% | $130.3M 22.9% | $145.7M 23.9% | $140.4M 23.9% |
| Research & Development | $43.5M 5.2% | $38.9M 5.1% | $35.7M 4.4% | $30.0M 4.0% | $29.0M 4.7% | $26.8M 5.6% | $37.8M 6.2% | $35.6M 6.2% | $35.5M 5.8% | $29.1M 5.0% |
| Selling, General & Admin | $59.9M 7.1% | $63.5M 8.4% | $42.6M 5.2% | $38.7M 5.1% | $32.6M 5.3% | $28.0M 5.8% | $35.2M 5.8% | $34.8M 6.1% | $34.9M 5.7% | $34.2M 5.8% |
| Total Operating Expenses | $168.2M 20.0% | $162.4M 21.5% | $135.3M 16.5% | $130.0M 17.2% | $112.7M 18.4% | $103.5M 21.5% | $138.9M 22.8% | $135.0M 23.7% | $133.2M 21.8% | $125.0M 21.3% |
| Operating Income | $60.8M 7.3% | $33.1M 4.4% | $87.1M 10.6% | $21.4M 2.8% | $4.0M 0.7% | $17.1M 3.5% | -$167K -0.0% | -$4.7M -0.8% | $12.5M 2.0% | $15.4M 2.6% |
| Interest Expense | $1.5M 0.2% | $2.9M 0.4% | $3.4M 0.4% | $1.1M 0.1% | $49K 0.0% | $295K 0.1% | $106K 0.0% | $160K 0.0% | $217K 0.0% | $230K 0.0% |
| Other Income (Expense), net | -$6.1M -0.7% | -$17.8M -2.4% | -$13.1M -1.6% | -$7.2M -1.0% | -$3.1M -0.5% | -$3.0M -0.6% | -$541K -0.1% | -$1.1M -0.2% | -$537K -0.1% | -$354K -0.1% |
| Pretax Income | $58.3M 7.0% | -$5.9M -0.8% | $54.1M 6.6% | $13.3M 1.8% | $1.1M 0.2% | $14.1M 2.9% | -$9K -0.0% | -$4.9M -0.9% | $12.4M 2.0% | $15.6M 2.7% |
| Income Tax Expense | $13.0M 1.5% | $4.3M 0.6% | $19.4M 2.4% | $6.5M 0.9% | $516K 0.1% | $3.1M 0.7% | -$500K -0.1% | -$4.0M -0.7% | $6.9M 1.1% | $5.2M 0.9% |
| Net Income | $45.4M 5.4% | -$10.1M -1.3% | $34.6M 4.2% | $6.8M 0.9% | $592K 0.1% | $10.9M 2.3% | $491K 0.1% | -$958K -0.2% | $5.6M 0.9% | $10.3M 1.8% |
| Per Share | ||||||||||
| EPS (Basic) | $0.93 | -$0.21 | $0.75 | $0.15 | $0.01 | $0.24 | $0.01 | -$0.02 | $0.13 | $0.23 |
| EPS (Diluted) | $0.92 | -$0.21 | $0.74 | $0.15 | $0.01 | $0.24 | $0.01 | -$0.02 | $0.12 | $0.23 |
| Weighted Avg Shares (Basic) | 48.6M | 47.6M | 45.9M | 45.4M | 45.2M | 45.0M | 45.0M | 44.9M | 44.5M | 44.1M |
| Weighted Avg Shares (Diluted) | 49.4M | 47.6M | 46.5M | 45.5M | 45.3M | 45.2M | 45.3M | 44.9M | 44.9M | 44.3M |
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.
Cash of $131.6M (at 2026-05-02) covers all $10.6M of scheduled principal — no refinancing pressure. Scheduled principal only (excludes interest & revolver draws). As of 2026-08-01 (10-Q). The cash figure is from 2026-05-02, so the two are not the same balance-sheet date — the schedule has not been refiled since.
Green ≤ 1.5× · amber ≤ 3× · red > 3× (leverage relative to cash earnings).
Interest is easily covered by operating profit. Effective rate ~13.6% on $10.8M of debt.
Cash of $131.6M fully covers short-term debt of $1.1M.
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.
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.
EOD close · as of 2026-10-08
Is the profit real, and how strong is the balance sheet?
FY2027 · every deduction from revenue to net income
DuPont — the three levers
ROE 15% against ROIC 15% — 1% 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 7.7× as fast as sales — great in an upturn, painful in a downturn.
Each line as % of revenue — the trend in color
| % of revenue | FY2019 | FY2021 | FY2022 | FY2022 | FY2023 | FY2024 | FY2025 | FY2027 |
|---|---|---|---|---|---|---|---|---|
| Cost of Revenue | 77.1 | 77.2 | 75.0 | 80.9 | 79.9 | 72.8 | 74.2 | 72.7 |
| Gross Profit | 22.9 | 22.8 | 25.0 | 19.1 | 20.1 | 27.2 | 25.8 | 27.3 |
| R&D | 6.2 | 6.2 | 5.6 | 4.7 | 4.0 | 4.4 | 5.1 | 5.2 |
| SG&A | 6.1 | 5.8 | 5.8 | 5.3 | 5.1 | 5.2 | 8.4 | 7.1 |
| Operating Income | -0.8 | -0.0 | 3.5 | 0.7 | 2.8 | 10.6 | 4.4 | 7.3 |
| Income Tax | -0.7 | -0.1 | 0.7 | 0.1 | 0.9 | 2.4 | 0.6 | 1.5 |
| Net Income | -0.2 | 0.1 | 2.3 | 0.1 | 0.9 | 4.2 | -1.3 | 5.4 |
Green = margin-favorable vs the row's own range · red = unfavorable.
The metrics that matter, over time
A 30-second read on DAKT: 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 (FY2024, FY2025, FY2027). Smooths the cycle. Stock compensation is NOT charged — it is added back inside operating cash flow.
To be worth $17.89 today, the market must believe free cash flow compounds 6.3%/yr for a decade (off $52.9M on the 3-yr avg basis).
On the basis ($49.6M) the requirement is 7.2%/yr. Shares issued to employees are added back in operating cash flow, so this basis treats them as free.
The market's 6.3% is more optimistic than its 9-yr track record.
Default is 12.0% — this company's computed cost of capital (computed WACC), the same rate the Analysis tab discounts at.
2-stage DCF · 0.05B shares (market data) · net debt -$120.9M
mean -64.6% · volatility σ 95% · implied rate exceeded in 1/6 yrs
Central path = implied 6.3%/yr growth; shaded band = ±1σ (95%) 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.
Ranked against 16 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| AMCR | $19.3B | 17.6× | 9.5× | 0.8× | 56.6% | 20.0% | 4.7% | 9.4% | 4.3% | 3.8× | — |
| HAS | $12.8B | — | 109.6× | 2.4× | 13.1% | 75.8% | -6.0% | -57.0% | -8.4% | — | 750 |
| GOLF | $4.7B | 25.9× | 15.9× | 1.8× | 4.1% | 47.7% | 7.4% | 24.1% | 10.9% | 2.7× | 326 |
| MAT | $4.7B | 13.2× | 8.1× | 0.9× | -0.6% | 48.7% | 7.4% | 17.8% | 8.7% | 1.5× | 391 |
| BRC | $4.0B | — | 12.3× | 2.4× | 9.8% | 51.7% | 12.4% | 15.1% | 15.0% | -0.6× | 321 |
| YETI | $2.9B | 19.4× | 11.0× | 1.5× | 2.1% | 57.4% | 8.9% | 25.4% | 22.9% | 0.3× | 437 |
| CALY | $2.5B | — | 13.0× | 1.2× | -0.8% | 42.1% | -19.9% | -19.8% | -14.8% | -1.2× | 305 |
| PTON | $2.1B | 34.6× | 10.4× | 0.9× | -1.8% | 52.6% | 2.6% | -45.2% | 5.3% | 0.6× | 462 |
| ODC | $1.3B | — | 13.7× | 2.6× | 11.0% | 29.5% | 11.1% | 20.8% | 20.8% | -0.6× | 156 |
| DAKT | $857M | 19.4× | 9.2× | 1.0× | 10.9% | 27.3% | 5.4% | 15.1% | 14.6% | -1.5× | 181 |
| JOUT | $461M | — | 73.8× | 0.8× | -0.1% | 35.1% | -5.8% | -8.2% | -8.2% | — | 132 |
| FNKO | $353M | — | 39.6× | 0.4× | -13.5% | — | -7.4% | -36.3% | -16.4% | 13.5× | 124 |
| JAKK | $318M | 32.3× | 10.9× | 2.8× | -83.6% | — | 8.7% | 4.0% | 4.0% | -2.1× | 103 |
| ESCA | $258M | 19.0× | 11.6× | 1.1× | -4.5% | 26.9% | 5.7% | 7.9% | 7.1% | 0.8× | 84 |
| AOUT | $206M | — | 53.6× | 1.1× | -14.3% | 44.7% | -4.8% | -5.6% | -5.6% | -6.2× | 95 |
| TOYO | $186M | 3.9× | 1.7× | 0.4× | 142% | 22.5% | 9.3% | 35.6% | 27.9% | -0.2× | — |
| CLAR | $131M | — | — | 0.5× | -5.2% | 33.1% | -18.6% | -23.7% | -23.7% | — | 88 |
Peers = companies sharing DAKT's sector (Miscellaneous Manufacturing Industries) 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
Earns 11.3pts above its cost of capital, without much margin of safety.
| Period | ROIC | Cost of capital | Spread |
|---|---|---|---|
| FY2021 | -0.1% | 12.0% (today's — no rate published for this year) | -12.1pts |
| FY2022 | 9.4% | 9.4% | 0.0pts |
| FY2022 | 1.5% | 9.4% | -7.9pts |
| FY2023 | 7.1% | 9.3% | -2.3pts |
| FY2024 | 26.5% | 10.1% | 16.4pts |
| FY2025 | 13.4% | 11.0% | 2.3pts |
| FY2027 | 21.3% | 12.0% (today's — no rate published for this year) | 9.3pts |
| Now | 14.6% | 12.0% | 2.6pts |
| Fiscal year | Gross margin | Operating margin | Net margin |
|---|---|---|---|
| FY2017 | 23.9% | 2.6% | 1.8% |
| FY2018 | 23.9% | 2.0% | 0.9% |
| FY2019 | 22.9% | -0.8% | -0.2% |
| FY2021 | 22.8% | -0.0% | 0.1% |
| FY2022 | 25.0% | 3.5% | 2.3% |
| FY2022 | 19.1% | 0.7% | 0.1% |
| FY2023 | 20.1% | 2.8% | 0.9% |
| FY2024 | 27.2% | 10.6% | 4.2% |
| FY2025 | 25.8% | 4.4% | -1.3% |
| FY2027 | 27.3% | 7.3% | 5.4% |
Return on equity (15%) and return on invested capital (15%) are within a couple of points in FY2027, so the headline return is the operating return — there is no meaningful leverage effect to strip out.
$4M of goodwill — 2% 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.
The spread has been narrowing over the last three years.
Cash conversion of -14.84x sits below the level that would make the earnings clearly cash-backed.
Reported free cash flow is $34M; after share-based compensation it is $29M. The difference is a real cost that the cash flow statement adds back.
Covers interest 29.1x even after a 30% EBITDA decline.
| EBITDA decline | Interest coverage |
|---|---|
| 0% | 41.59x |
| 5% | 39.51x |
| 10% | 37.43x |
| 15% | 35.35x |
| 20% | 33.27x |
| 25% | 31.19x |
| 30% | 29.11x |
| 35% | 27.03x |
| 40% | 24.95x |
| 45% | 22.88x |
| 50% | 20.80x |
| 55% | 18.72x |
| 60% | 16.64x |
Ladder as of 2026-08-01 (10-Q); cash from the 2026-05-02 balance sheet; FCF from FY2027.
Balance sheet at 2026-05-02. 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 $17.81, free cash flow must compound 6.26%/yr for 10 years. It has no positive compounding record to compare against.
| Fiscal year | FCF growth | Price requires |
|---|---|---|
| FY2022 | −181.3% | 6.3% |
| FY2025 | 69.1% | 6.3% |
| FY2027 | −56.1% | 6.3% |
The implied rate has been matched or beaten in 1 of the last 3 years.
| Step | Amount | Running total |
|---|---|---|
| Net income | $45M | $45M |
| Share-based comp | $5M | $50M |
| Other non-cash & working capital | −$1M | $49M |
| Operating cash flow | $49M | $49M |
| Capex | −$15M | $34M |
| Free cash flow | $34M | $34M |
| FCF after SBC | $29M | $29M |
| Fiscal year | Revenue growth | Receivables growth | Gap |
|---|---|---|---|
| FY2022 | -20.8% | -6.6% | 14.3 points |
| FY2022 | 26.8% | 49.1% | 22.4 points |
| FY2023 | 23.4% | 8.8% | -14.7 points |
| FY2024 | 8.5% | 6.5% | -1.9 points |
| FY2025 | -7.5% | -20.8% | -13.3 points |
| FY2027 | 10.9% | 27.8% | 17.0 points |
| Fiscal year | DSO | DIO | DPO | Cash conversion cycle |
|---|---|---|---|---|
| FY2021 | 43.5 days | 67.4 days | 37.1 days | 73.8 days |
| FY2022 | 51.3 days | 75.1 days | 40.6 days | 85.8 days |
| FY2022 | 60.4 days | 99.2 days | 56.4 days | 103.3 days |
| FY2023 | 53.2 days | 90.5 days | 40.9 days | 102.8 days |
| FY2024 | 52.3 days | 84.6 days | 37.2 days | 99.6 days |
| FY2025 | 44.8 days | 68.9 days | 30.4 days | 83.3 days |
| FY2027 | 51.6 days | 66.1 days | 41.1 days | 76.7 days |
| Fiscal year | Accruals / assets |
|---|---|
| FY2021 | -2.8 percent |
| FY2022 | -14.7 percent |
| FY2022 | 6.3 percent |
| FY2023 | -1.8 percent |
| FY2024 | -5.4 percent |
| FY2025 | -21.4 percent |
| FY2027 | -0.7 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 (FY2027) 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.