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Held by 1,619 of 5,944 reporting institutions (99th percentile) — extremely crowded.
Data as of Q1 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.
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
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: 20%. 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 $646M is below the $759M 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).
Interest is easily covered by operating profit. Effective rate ~35.2% on $870M of debt.
Cash of $646M is below short-term debt of $870M — relies on refinancing/operations.
Mostly short-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.
EOD close · as of 2026-09-14
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 | $16.08B 100.0% | $15.74B 100.0% | $15.32B 100.0% | $14.19B 100.0% | $12.73B 100.0% | $11.79B 100.0% | $12.56B 100.0% | $12.22B 100.0% | $11.53B 100.0% | $13.15B 100.0% |
| Cost of Revenue | $8.93B 55.5% | $8.90B 56.5% | $9.15B 59.8% | $8.83B 62.2% | $7.62B 59.8% | $6.91B 58.6% | $7.05B 56.1% | $6.88B 56.3% | $6.41B 55.6% | $7.53B 57.3% |
| Research & Development | $202.0M 1.3% | $207.0M 1.3% | $192.0M 1.3% | $190.0M 1.3% | $186.0M 1.5% | $185.0M 1.6% | $190.0M 1.5% | $193.0M 1.6% | $177.0M 1.5% | $189.0M 1.4% |
| Selling, General & Admin | $4.26B 26.5% | $4.23B 26.9% | $4.06B 26.5% | $3.65B 25.8% | $3.42B 26.8% | $3.31B 28.1% | $3.55B 28.3% | $3.51B 28.7% | $3.36B 29.2% | $3.71B 28.2% |
| Operating Income | $2.74B 17.0% | $2.80B 17.8% | $1.99B 13.0% | $1.56B 11.0% | $1.60B 12.6% | $1.40B 11.8% | $1.85B 14.7% | $1.73B 14.1% | $1.75B 15.2% | $1.87B 14.2% |
| Interest Expense | $306.2M 1.9% | $340.3M 2.2% | $348.9M 2.3% | $252.1M 1.8% | $230.6M 1.8% | $304.8M 2.6% | $214.4M 1.7% | $235.5M 1.9% | $272.2M 2.4% | $285.4M 2.2% |
| Interest & Investment Income | $65.1M 0.4% | $57.8M 0.4% | $52.2M 0.3% | $8.5M 0.1% | $12.3M 0.1% | $14.6M 0.1% | $23.7M 0.2% | $14.4M 0.1% | $17.6M 0.2% | $20.8M 0.2% |
| Other Income (Expense), net | $51.4M 0.3% | $51.3M 0.3% | $59.9M 0.4% | $24.5M 0.2% | $33.9M 0.3% | $55.9M 0.5% | $77.0M 0.6% | $79.9M 0.7% | $67.3M 0.6% | $43.8M 0.3% |
| Pretax Income | $2.55B 15.8% | $2.57B 16.3% | $1.76B 11.5% | $1.34B 9.5% | $1.41B 11.1% | $1.16B 9.9% | $1.73B 13.8% | $1.59B 13.0% | $1.56B 13.5% | $1.65B 12.5% |
| Income Tax Expense | $454.6M 2.8% | $439.3M 2.8% | $362.5M 2.4% | $234.5M 1.7% | $270.2M 2.1% | $176.6M 1.5% | $288.6M 2.3% | $321.2M 2.6% | $189.8M 1.6% | $402.9M 3.1% |
| Net Income | $2.08B 12.9% | $2.11B 13.4% | $1.37B 9.0% | $1.09B 7.7% | $1.13B 8.9% | -$1.19B -10.1% | $1.58B 12.5% | $1.44B 11.8% | $1.52B 13.2% | $1.25B 9.5% |
| Per Share | ||||||||||
| EPS (Basic) | $7.33 | $7.43 | $4.82 | $3.83 | $3.95 | $-4.20 | $5.41 | $4.95 | $5.20 | $4.20 |
| EPS (Diluted) | $7.28 | $7.37 | $4.79 | $3.81 | $3.91 | $-4.15 | $5.33 | $4.88 | $5.12 | $4.14 |
| Weighted Avg Shares (Basic) | 283.3M | 284.3M | 285.0M | 285.2M | 286.3M | 287.0M | 288.1M | 288.6M | 289.6M | 292.5M |
| Weighted Avg Shares (Diluted) | 285.2M | 286.6M | 286.5M | 286.6M | 289.1M | 290.3M | 292.5M | 292.8M | 294.0M | 296.7M |
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 $275.51 today, the market must believe free cash flow compounds 18.3%/yr for a decade (off $1.8B normalized FCF).
The market's 18.3% is more optimistic than its 9-yr track record.
2-stage DCF · 0.28B shares · net debt $224M
mean 7.5% · volatility σ 22% · implied rate exceeded in 2/9 yrs
Central path = implied 18.3%/yr growth; shaded band = ±1σ (22%) 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.
Safe > 2.99 · grey 1.81–2.99 · distress < 1.81
Eight indices comparing this year to last (receivables, margins, asset quality, growth, accruals, leverage). Above −1.78 suggests possible manipulation; below −2.22 is clean.
A screen, not proof — high growth alone can raise it.
Cash conversion lags reported earnings — watch accruals. Lower/negative accruals = higher quality (Sloan).
Comfortably covers interest; leverage rising 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.
The dividend is comfortably covered — only 40% of free cash flow, leaving room to grow it and fund buybacks. Last year: $754M dividends + $784M buybacks = $1.5B returned on $1.9B FCF.
9 consecutive years of dividend increases · 7%/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.
Ranked against 238 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| BHP | $430.1B | — | — | — | — | — | — | — | — | — | 713 |
| LIN | $218.0B | 31.8× | 19.6× | 6.4× | 3.0% | — | 20.3% | 18.0% | 10.9% | 2.1× | 2,148 |
| SCCO | $155.7B | 35.9× | 20.1× | 11.6× | 17.4% | 60.1% | 32.4% | 39.4% | 24.4% | 0.9× | 791 |
| CX | $151.6B | — | — | — | — | — | — | — | — | — | 297 |
| TX | $112.2B | — | — | — | — | — | — | — | — | — | 139 |
| FCX | $99.6B | — | 12.0× | 3.8× | 1.8% | 28.2% | 16.0% | 22.0% | 14.7% | 1.1× | 1,775 |
| AEM | $98.8B | — | — | — | — | — | — | — | — | — | 1,066 |
| SHW | $80.4B | 31.6× | — | 3.4× | 2.1% | 48.8% | 10.9% | 55.9% | 17.0% | — | 1,610 |
| ECL | $77.7B | 37.8× | 22.9× | 4.8× | 2.2% | 44.5% | 12.9% | 21.2% | 19.5% | 0.3× | 1,619 |
| B | $71.1B | — | — | — | — | — | — | — | — | — | 979 |
| WPM | $68.0B | — | — | — | — | — | — | — | — | — | 809 |
| APD | $63.9B | — | 90.3× | 5.3× | -0.5% | 31.4% | -3.3% | -2.6% | -2.6% | 0.1× | 1,702 |
| VALE | $62.2B | — | — | — | — | — | — | — | — | — | 537 |
| CRH | $59.5B | 16.1× | 9.5× | 1.6× | 5.3% | 36.1% | 10.0% | 15.6% | 9.2% | 2.2× | 9 |
| NUE | $58.7B | 33.9× | — | 1.8× | 5.7% | 11.9% | 5.4% | 8.3% | 8.3% | — | 1,325 |
| MT | $55.4B | — | — | — | — | — | — | — | — | — | 286 |
| DD | $51.9B | — | — | 7.6× | 1.9% | 34.5% | -11.4% | -5.6% | -5.6% | — | 1,172 |
| AU | $50.7B | — | — | — | — | — | — | — | — | — | 537 |
| FNV | $50.4B | — | — | — | — | — | — | — | — | — | 614 |
| NTR | $36.7B | — | — | — | — | — | — | — | — | — | 718 |
| STLD | $34.0B | 29.4× | 18.5× | 1.9× | 3.6% | 13.2% | 6.5% | 13.2% | 9.0% | 2.1× | 893 |
| KGC | $33.8B | — | — | — | — | — | — | — | — | — | 630 |
| VMC | $32.7B | 30.9× | 15.6× | 4.1× | 7.1% | 27.4% | 13.6% | 12.6% | 8.4% | 1.8× | 981 |
| MLM | $30.2B | 26.7× | 17.1× | 4.9× | 8.6% | 30.7% | 18.5% | 11.3% | 7.4% | 2.6× | 1,022 |
| PPG | $23.5B | 15.2× | — | 1.5× | 0.2% | 41.3% | 9.9% | 19.8% | 10.3% | — | 1,003 |
Peers = companies sharing ECL's sector (Basic Materials) 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.
EOD close · as of 2026-09-14
No material risks flagged.
Where each multiple sits in its own 14-yr range · 86th 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
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
Profit and sales moved in opposite directions this year.
Each line as % of revenue — the trend in color
| % of revenue | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|
| Cost of Revenue | 56.3 | 56.1 | 58.6 | 59.8 | 62.2 | 59.8 | 56.5 | 55.5 |
| R&D | 1.6 | 1.5 | 1.6 | 1.5 | 1.3 | 1.3 | 1.3 | 1.3 |
| SG&A | 28.7 | 28.3 | 28.1 | 26.8 | 25.8 | 26.5 | 26.9 | 26.5 |
| Operating Income | 14.1 | 14.7 | 11.8 | 12.6 | 11.0 | 13.0 | 17.8 | 17.0 |
| Income Tax | 2.6 | 2.3 | 1.5 | 2.1 | 1.7 | 2.4 | 2.8 | 2.8 |
| Net Income | 11.8 | 12.5 | -10.1 | 8.9 | 7.7 | 9.0 | 13.4 | 12.9 |
Green = margin-favorable vs the row's own range · red = unfavorable.
The metrics that matter, over time
A 30-second read on ECL: price, valuation, headline fundamentals, and an auto-generated scorecard from SEC filings. Flags are rule-based signals, not recommendations.