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Held by 764 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.
Ranked against 14 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| CVS | $110.6B | 62.2× | 11.0× | 0.3× | 7.8% | 45.0% | 0.4% | 2.4% | 2.4% | -0.9× | 2,009 |
| JD | $34.8B | 28.0× | 9.1× | 0.2× | 17.9% | 16.0% | 1.8% | 10.3% | 9.9% | -10.3× | 425 |
| CPNG | $24.8B | 125.3× | 20.3× | 0.7× | 14.1% | 29.4% | 0.6% | 4.5% | 3.3% | -4.8× | 578 |
| ULTA | $23.4B | 21.2× | 12.6× | 1.9× | 9.7% | 39.1% | 9.3% | 41.1% | 40.3% | -0.2× | 984 |
| CDW | $16.7B | 16.5× | 11.1× | 0.7× | 6.8% | 21.7% | 4.8% | 40.9% | 13.0% | 2.6× | 727 |
| W | $13.9B | — | 48.6× | 1.1× | 5.1% | 30.2% | -2.5% | 11.3% | -63.9% | 5.6× | 454 |
| DKS | $13.4B | 13.7× | 7.6× | 0.8× | 28.1% | 32.9% | 4.9% | 15.3% | 15.3% | -0.9× | 764 |
| FCFS | $9.1B | 28.4× | — | 2.5× | 8.0% | 50.3% | 9.0% | 14.5% | 7.4% | — | 472 |
| CHWY | $7.3B | 34.9× | 16.8× | 0.6× | 6.2% | 29.8% | 1.8% | 44.7% | 44.7% | -2.2× | 509 |
| VIPS | $5.9B | 1.2× | 2.5× | 0.4× | 2.0% | 23.1% | 6.8% | 17.7% | 15.5% | -1.8× | 275 |
| NSIT | $4.7B | 33.1× | 9.9× | 0.6× | -5.2% | 21.4% | 1.9% | 9.5% | 9.5% | -0.8× | 315 |
| SIG | $3.9B | 14.2× | 5.5× | 0.6× | 1.6% | 39.5% | 4.3% | 15.0% | 15.0% | -1.6× | 323 |
| BBWI | $3.2B | 5.2× | 4.5× | 0.4× | -0.2% | 43.7% | 8.9% | -50.7% | 24.9% | 2.1× | 453 |
| PTRN | $3.1B | — | 66.0× | 1.2× | 39.3% | 43.6% | 0.6% | 2.8% | 2.8% | -6.8× | 143 |
| ASO | $3.0B | 8.8× | 5.0× | 0.5× | 2.0% | 34.8% | 6.2% | 17.4% | 14.2% | 0.2× | 351 |
Peers = companies sharing DKS's sector (Retail-Miscellaneous Shopping Goods Stores) 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 (FY2025, FY2026, FY2026). Smooths the cycle. Stock compensation is NOT charged — it is added back inside operating cash flow.
To be worth $137.13 today, the market must believe free cash flow compounds 5.5%/yr for a decade (off $616.4M on the 3-yr avg basis).
On the basis ($532.5M) the requirement is 7.4%/yr. Shares issued to employees are added back in operating cash flow, so this basis treats them as free.
The market's 5.5% is in line with its 8-yr track record.
Default is 9.0% — this company's computed cost of capital (computed WACC), the same rate the Analysis tab discounts at.
2-stage DCF · 0.10B shares (market data) · net debt -$1.35B
mean 72.2% · volatility σ 225% · implied rate exceeded in 3/8 yrs
Central path = implied 5.5%/yr growth; shaded band = ±1σ (225%) 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 exceeds free cash flow (103%) — funded from the balance sheet or debt, a red flag if it persists. Last year: $413.9M dividends + $347.1M buybacks = $761.0M returned on $400.2M FCF.
3 consecutive years of dividend increases · 26%/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 balanced mix of reinvestment and shareholder returns.
Modest payoff on reinvested capital. 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.
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 is easily covered by operating profit.
Cash vs short-term debt unavailable.
Short-term / long-term split not separately reported.
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 2026-10-05
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 | FY2026 | FY2025 | FY2023 | FY2022 | FY2021 | FY2021 | FY2020 | FY2019 | FY2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $17.22B 100.0% | $13.44B 100.0% | $12.98B 100.0% | $12.37B 100.0% | $12.29B 100.0% | $9.58B 100.0% | $8.75B 100.0% | $8.44B 100.0% | $8.59B 100.0% | $7.92B 100.0% |
| Cost of Revenue | $11.55B 67.1% | $8.62B 64.1% | $8.45B 65.1% | $8.08B 65.4% | $7.58B 61.7% | $6.53B 68.2% | $6.20B 70.8% | $6.00B 71.1% | $6.10B 71.0% | $5.56B 70.1% |
| Gross Profit | $5.67B 32.9% | $4.83B 35.9% | $4.53B 34.9% | $4.28B 34.6% | $4.71B 38.3% | $3.05B 31.8% | $2.55B 29.2% | $2.44B 28.9% | $2.49B 29.0% | $2.37B 29.9% |
| Selling, General & Admin | $4.34B 25.2% | $3.29B 24.5% | $3.18B 24.5% | $2.80B 22.6% | $2.66B 21.7% | $2.30B 24.0% | $2.17B 24.8% | $1.99B 23.5% | $1.98B 23.1% | $1.88B 23.7% |
| Operating Income | $1.10B 6.4% | $1.47B 11.0% | $1.28B 9.9% | $1.46B 11.8% | $2.03B 16.5% | $741.5M 7.7% | $375.6M 4.3% | $444.7M 5.3% | $477.6M 5.6% | $449.9M 5.7% |
| Interest Expense | $64.3M 0.4% | $53.0M 0.4% | $58.0M 0.4% | $95.2M 0.8% | $57.8M 0.5% | $48.8M 0.5% | $17.0M 0.2% | $10.2M 0.1% | $8.0M 0.1% | $5.9M 0.1% |
| Other Income (Expense), net | $110.3M 0.6% | $98.1M 0.7% | $93.8M 0.7% | $15.9M 0.1% | $17.8M 0.1% | $19.1M 0.2% | $15.3M 0.2% | -$2.6M -0.0% | $31.8M 0.4% | $14.4M 0.2% |
| Pretax Income | $1.14B 6.6% | $1.52B 11.3% | $1.32B 10.2% | $1.38B 11.2% | $1.99B 16.2% | $711.7M 7.4% | $407.7M 4.7% | $431.9M 5.1% | $501.3M 5.8% | $458.4M 5.8% |
| Income Tax Expense | $292.7M 1.7% | $353.7M 2.6% | $271.6M 2.1% | $340.6M 2.8% | $474.6M 3.9% | $181.5M 1.9% | $110.2M 1.3% | $112.1M 1.3% | $177.9M 2.1% | $171.0M 2.2% |
| Net Income | $849.0M 4.9% | $1.17B 8.7% | $1.05B 8.1% | $1.04B 8.4% | $1.52B 12.4% | — | — | — | — | — |
| Per Share | ||||||||||
| EPS (Basic) | $10.22 | $14.48 | $12.72 | $13.43 | $18.27 | $6.29 | $3.40 | $3.27 | $3.02 | $2.59 |
| EPS (Diluted) | $9.97 | $14.05 | $12.18 | $10.78 | $13.87 | $5.72 | $3.34 | $3.24 | $3.01 | $2.56 |
| Weighted Avg Shares (Basic) | 83.1M | 80.5M | 82.3M | 77.7M | 83.2M | 84.3M | 87.5M | 97.7M | 107.0M | 111.1M |
| Weighted Avg Shares (Diluted) | 85.1M | 82.9M | 85.9M | 99.3M | 109.6M | 92.6M | 89.1M | 98.8M | 107.6M | 112.2M |
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.
EOD close · as of 2026-10-05
Earns -0.39pts against its cost of capital — capital is being consumed, not created.
| Fiscal year | Gross margin | Operating margin | Net margin |
|---|---|---|---|
| FY2017 | 29.9% | 5.7% | not reported |
| FY2019 | 29.0% | 5.6% | not reported |
| FY2020 | 28.9% | 5.3% | not reported |
| FY2021 | 29.2% | 4.3% | not reported |
| FY2021 | 31.8% | 7.7% | not reported |
| FY2022 | 38.3% | 16.5% | not reported |
| FY2023 | 34.6% | 11.8% | not reported |
| FY2025 | 34.9% | 9.9% | 8.1% |
| FY2026 | 35.9% | 11.0% | 8.7% |
| FY2026 | 32.9% | 6.4% | 4.9% |
The spread is -0.39pts and would invert under a ±2% move in WACC, so the verdict rests on the cost-of-capital assumption rather than on the business.
Is the profit real, and how strong is the balance sheet?
FY2026 · every deduction from revenue to net income
DuPont — the three levers
ROE 15% against ROIC 15% — 0% 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 19.4% — 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 | FY2020 | FY2021 | FY2021 | FY2022 | FY2023 | FY2025 | FY2026 | FY2026 |
|---|---|---|---|---|---|---|---|---|
| Cost of Revenue | 71.1 | 70.8 | 68.2 | 61.7 | 65.4 | 65.1 | 64.1 | 67.1 |
| Gross Profit | 28.9 | 29.2 | 31.8 | 38.3 | 34.6 | 34.9 | 35.9 | 32.9 |
| SG&A | 23.5 | 24.8 | 24.0 | 21.7 | 22.6 | 24.5 | 24.5 | 25.2 |
| Operating Income | 5.3 | 4.3 | 7.7 | 16.5 | 11.8 | 9.9 | 11.0 | 6.4 |
| Income Tax | 1.3 | 1.3 | 1.9 | 3.9 | 2.8 | 2.1 | 2.6 | 1.7 |
| Net Income | — | — | — | 12.4 | 8.4 | 8.1 | 8.7 | 4.9 |
Green = margin-favorable vs the row's own range · red = unfavorable.
The metrics that matter, over time
A 30-second read on DKS: price, valuation and headline fundamentals from SEC filings. The four questions at the top of the page are where the judgements live.
Return on equity (15%) and return on invested capital (15%) are within a couple of points in FY2026, so the headline return is the operating return — there is no meaningful leverage effect to strip out.
$837M of goodwill — 9% 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 |
|---|---|---|---|
| FY2021 | 6.3% | 9.0% (today's — no rate published for this year) | -2.7pts |
| FY2021 | 15.8% | 9.0% (today's — no rate published for this year) | 6.8pts |
| FY2022 | 68.4% | 7.9% | 60.5pts |
| FY2023 | 32.0% | 7.8% | 24.2pts |
| FY2025 | 25.6% | 7.3% | 18.3pts |
| FY2026 | 23.7% | 8.2% | 15.4pts |
| FY2026 | 8.1% | 8.2% | -0.1pts |
| Now | 15.3% | 9.0% | 6.3pts |
Cash conversion of 0.60x sits below the level that would make the earnings clearly cash-backed.
| Step | Amount | Running total |
|---|---|---|
| Net income | $849M | $849M |
| Share-based comp | $124M | $973M |
| Other non-cash & working capital | $564M | $1.54B |
| Operating cash flow | $1.54B | $1.54B |
| Capex | −$1.14B | $400M |
| Free cash flow | $400M | $400M |
| FCF after SBC | $277M | $277M |
| Fiscal year | Revenue growth | Receivables growth | Gap |
|---|---|---|---|
| FY2021 | 9.5% | not reported | not reported |
| FY2022 | 28.3% | not reported | not reported |
| FY2023 | 0.6% | not reported | not reported |
| FY2025 | 5.0% | not reported | not reported |
| FY2026 | 3.5% | not reported | not reported |
| FY2026 | 28.1% | not reported | not reported |
| Fiscal year | Accruals / assets |
|---|---|
| FY2021 | not reported |
| FY2021 | not reported |
| FY2022 | not reported |
| FY2023 | not reported |
| FY2025 | -5.2 percent |
| FY2026 | -1.4 percent |
| FY2026 | -4.0 percent |
Reported free cash flow is $400M; after share-based compensation it is $276M. The difference is a real cost that the cash flow statement adds back.
Covers interest 11.9x even after a 30% EBITDA decline.
| EBITDA decline | Interest coverage |
|---|---|
| 0% | 17.05x |
| 5% | 16.20x |
| 10% | 15.35x |
| 15% | 14.50x |
| 20% | 13.64x |
| 25% | 12.79x |
| 30% | 11.94x |
| 35% | 11.08x |
| 40% | 10.23x |
| 45% | 9.38x |
| 50% | 8.53x |
| 55% | 7.67x |
| 60% | 6.82x |
Balance sheet at 2026-01-31. Undrawn revolving credit is not shown: the tag is collected but not yet mapped through to the API.
Operating leases are $5,841,344,000 of the $5,841,344,000 total — a fixed obligation that does not appear in a headline debt figure.
At $136.08, free cash flow must compound 10.57%/yr for 10 years. It has done 13.5%/yr over 6 years.
| Fiscal year | FCF growth | Price requires |
|---|---|---|
| FY2021 | 610.0% | 10.6% |
| FY2022 | −1.5% | 10.6% |
| FY2023 | −57.4% | 10.6% |
| FY2025 | 68.5% | 10.6% |
| FY2026 | −45.8% | 10.6% |
| FY2026 | −21.4% | 10.6% |
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.