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Held by 1,295 of 6,047 reporting institutions (99th 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 10 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| PWR | $103.6B | 101.3× | 53.9× | 3.6× | 20.3% | 15.0% | 3.6% | 11.5% | 6.9% | 2.8× | 1,867 |
| FIX | $57.2B | 56.3× | — | 31.3× | -73.9% | 22.0% | 55.8% | 41.8% | 39.4% | -3.8× | 1,295 |
| EME | $34.2B | 27.5× | 18.6× | 2.0× | 16.6% | 19.3% | 7.5% | 34.6% | 34.6% | -0.6× | 1,189 |
| IESC | $11.9B | 18.6× | 27.3× | 3.5× | 16.9% | 25.5% | 9.1% | 34.6% | 34.6% | -0.3× | 404 |
| AGX | $5.4B | 39.9× | 37.4× | 5.8× | 8.1% | 20.5% | 14.6% | 29.8% | 29.8% | -2.5× | 537 |
| LGN | $3.7B | — | 45.7× | 1.4× | 21.5% | 21.0% | -2.3% | -15.2% | -4.9% | 6.4× | 254 |
| AMRC | $1.1B | 19.5× | 13.3× | 0.6× | 28.8% | 14.5% | 3.2% | 5.6% | 2.1% | 7.7× | 182 |
| LMB | $611M | 15.9× | 9.4× | 0.9× | 24.7% | 26.2% | 6.0% | 20.0% | 16.9% | 0.4× | 175 |
| BBCP | $476M | 104.9× | 8.9× | 1.2× | -7.7% | 38.5% | 1.6% | 2.4% | 0.9% | 3.9× | 124 |
| PHOE | $383M | — | — | 53.2× | -2.2% | 4.6% | -16.7% | -19.5% | -19.5% | — | 2 |
| MTRX | $299M | — | — | 0.3× | 13.6% | 7.3% | -0.3% | -1.8% | -1.8% | — | 149 |
Peers = companies sharing FIX's sector (Electrical Work) 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.
What the company returns to shareholders — and whether it's covered by cash.
The dividend is comfortably covered — only 7% of free cash flow, leaving room to grow it and fund buybacks. Last year: $68.8M dividends + $216.0M buybacks = $284.8M returned on $1.03B FCF.
9 consecutive years of dividend increases · 24%/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 reinvestment story — most cash went back into growth rather than to shareholders.
Modest payoff on reinvested capital. Current ROIC on all capital: 39%. 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.
Solve the discounted cash flow backwards, then stress-test the assumptions.
Average free cash flow across the last 3 positive fiscal years (FY2023, FY2024, FY2025). Smooths the cycle. Stock compensation is NOT charged — it is added back inside operating cash flow.
To be worth $1541.68 today, the market must believe free cash flow compounds 30.4%/yr for a decade (off $771.4M on the 3-yr avg basis).
On the basis ($754.3M) the requirement is 30.7%/yr. Shares issued to employees are added back in operating cash flow, so this basis treats them as free.
The market's 30.4% is more conservative than its 9-yr track record.
Default is 12.5% — 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 -$836.7M
mean 45.5% · volatility σ 56% · implied rate exceeded in 6/9 yrs
Central path = implied 30.4%/yr growth; shaded band = ±1σ (56%) 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.
How much the company owes, how it's trended, and how comfortably it's serviced.
Cash of $981.9M covers all $145.2M of scheduled principal — no refinancing pressure. 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 ~6.2% on $145.2M of debt.
Cash of $981.9M fully covers short-term debt of $6.2M.
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.
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
EOD close · as of 2026-10-14
How a revenue dollar becomes profit — FY2025
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 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.83B 100.0% | $7.03B 100.0% | $5.21B 100.0% | $4.14B 100.0% | $3.07B 100.0% | $2.86B 100.0% | $2.62B 100.0% | $2.18B 100.0% | $1.79B 100.0% | $1.63B 100.0% |
| Cost of Revenue | $1.43B 78.0% | $5.55B 79.0% | $4.22B 81.0% | $3.40B 82.1% | $2.51B 81.7% | $2.31B 80.9% | $2.11B 80.8% | $1.74B 79.6% | $1.42B 79.5% | $1.29B 79.0% |
| Gross Profit | $403.4M 22.0% | $1.48B 21.0% | $990.5M 19.0% | $741.6M 17.9% | $563.2M 18.3% | $547.0M 19.1% | $501.9M 19.2% | $446.3M 20.4% | $366.3M 20.5% | $344.0M 21.0% |
| Selling, General & Admin | $194.9M 10.6% | $730.1M 10.4% | $574.4M 11.0% | $489.3M 11.8% | $376.3M 12.2% | $357.8M 12.5% | $340.0M 13.0% | $297.0M 13.6% | $266.6M 14.9% | $243.2M 14.9% |
| Operating Income | $209.1M 11.4% | $749.4M 10.7% | $418.4M 8.0% | $253.8M 6.1% | $188.4M 6.1% | $190.7M 6.7% | $163.6M 6.3% | $150.2M 6.9% | $99.3M 5.6% | $101.6M 6.2% |
| Interest Expense | $9.0M 0.5% | $6.6M 0.1% | $10.3M 0.2% | $13.4M 0.3% | $6.2M 0.2% | $8.4M 0.3% | $9.3M 0.4% | $3.7M 0.2% | $3.2M 0.2% | $2.3M 0.1% |
| Interest & Investment Income | $21.6M 1.2% | $11.6M 0.2% | $3.5M 0.1% | $46K 0.0% | $24K 0.0% | $103K 0.0% | $224K 0.0% | $73K 0.0% | $70K 0.0% | $9K 0.0% |
| Other Income (Expense), net | -$1.1M -0.1% | -$82.8M -1.2% | -$30.2M -0.6% | -$18.0M -0.4% | $1.8M 0.1% | $889K 0.0% | -$11.9M -0.5% | -$1.6M -0.1% | $1.7M 0.1% | -$508K -0.0% |
| Pretax Income | $208.0M 11.4% | $666.6M 9.5% | $388.2M 7.5% | $235.9M 5.7% | $190.3M 6.2% | $191.5M 6.7% | $151.7M 5.8% | $148.7M 6.8% | $100.9M 5.6% | $101.1M 6.2% |
| Income Tax Expense | $270.9M 14.8% | $144.1M 2.1% | $64.8M 1.2% | -$10.1M -0.2% | $46.9M 1.5% | $41.4M 1.4% | $37.4M 1.4% | $35.8M 1.6% | $45.7M 2.6% | $36.2M 2.2% |
| Net Income | $1.02B 55.8% | $522.4M 7.4% | $323.4M 6.2% | $245.9M 5.9% | $143.3M 4.7% | $150.1M 5.3% | $114.3M 4.4% | $112.9M 5.2% | $55.3M 3.1% | $64.9M 4.0% |
| Per Share | ||||||||||
| EPS (Basic) | $28.93 | $14.64 | $9.03 | $6.84 | $3.95 | $4.11 | $3.10 | $3.03 | $1.48 | $1.74 |
| EPS (Diluted) | $28.88 | $14.60 | $9.01 | $6.82 | $3.93 | $4.09 | $3.08 | $3.00 | $1.47 | $1.72 |
| Weighted Avg Shares (Basic) | 35.3M | 35.7M | 35.8M | 35.9M | 36.3M | 36.5M | 36.9M | 37.2M | 37.2M | 37.3M |
| Weighted Avg Shares (Diluted) | 35.4M | 35.8M | 35.9M | 36.0M | 36.5M | 36.7M | 37.1M | 37.6M | 37.7M | 37.8M |
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.
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 2026-10-14
Where each multiple sits in its own 14-yr range · 100th 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
ROE 42% against ROIC 39% — 2% 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 49.2% — 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
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 | 79.6 | 80.8 | 80.9 | 81.7 | 82.1 | 81.0 | 79.0 | 78.0 |
| Gross Profit | 20.4 | 19.2 | 19.1 | 18.3 | 17.9 | 19.0 | 21.0 | 22.0 |
| SG&A | 13.6 | 13.0 | 12.5 | 12.2 | 11.8 | 11.0 | 10.4 | 10.6 |
| Operating Income | 6.9 | 6.3 | 6.7 | 6.1 | 6.1 | 8.0 | 10.7 | 11.4 |
| Income Tax | 1.6 | 1.4 | 1.4 | 1.5 | -0.2 | 1.2 | 2.1 | 14.8 |
| Net Income | 5.2 | 4.4 | 5.3 | 4.7 | 5.9 | 6.2 | 7.4 | 55.8 |
Green = margin-favorable vs the row's own range · red = unfavorable.
The metrics that matter, over time
A 30-second read on FIX: price, valuation and headline fundamentals from SEC filings. The four questions at the top of the page are where the judgements live.
Earns -5.01pts against its cost of capital — capital is being consumed, not created.
| Period | ROIC | Cost of capital | Spread |
|---|---|---|---|
| FY2019 | 12.8% | 12.5% (today's — no rate published for this year) | 0.2pts |
| FY2020 | 13.0% | 12.5% (today's — no rate published for this year) | 0.5pts |
| FY2021 | 10.0% | 7.4% | 2.6pts |
| FY2022 | 12.8% | 9.6% | 3.2pts |
| FY2023 | 20.4% | 8.8% | 11.6pts |
| FY2024 | 32.7% | 11.4% | 21.3pts |
| FY2025 | 7.4% | 12.9% | -5.5pts |
| Now | 39.4% | 12.5% | 26.9pts |
| Fiscal year | Gross margin | Operating margin | Net margin |
|---|---|---|---|
| FY2016 | 21.0% | 6.2% | 4.0% |
| FY2017 | 20.5% | 5.6% | 3.1% |
| FY2018 | 20.4% | 6.9% | 5.2% |
| FY2019 | 19.2% | 6.3% | 4.4% |
| FY2020 | 19.1% | 6.7% | 5.3% |
| FY2021 | 18.3% | 6.1% | 4.7% |
| FY2022 | 17.9% | 6.1% | 5.9% |
| FY2023 | 19.0% | 8.0% | 6.2% |
| FY2024 | 21.0% | 10.7% | 7.4% |
| FY2025 | 22.0% | 11.4% | 55.8% |
Leverage and buybacks account for 2 points of the 42% return on equity in FY2025. The business earns 39% 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.
$1.1B of goodwill — 56% 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. With goodwill over half the base, the ex-goodwill figure divides by a small remainder and moves sharply — read it as a direction, not a precise rate.
ROIC ex-goodwill is 17.22% against 7.5% reported — the return is earned on a capital base inflated by what was paid for acquisitions, not by the operating business alone.
Converts 1.25x of reported profit into free cash flow over 5 years, with accruals negative.
The cash conversion cycle could not be computed — receivables, inventory or cost of revenue is not reported — so the earliest accrual warning is not part of this verdict.
Covers interest 16.2x even after a 30% EBITDA decline.
| EBITDA decline | Interest coverage |
|---|---|
| 0% | 23.21x |
| 5% | 22.05x |
| 10% | 20.89x |
| 15% | 19.73x |
| 20% | 18.57x |
| 25% | 17.41x |
| 30% | 16.25x |
| 35% | 15.09x |
| 40% | 13.93x |
| 45% | 12.77x |
| 50% | 11.60x |
| 55% | 10.44x |
| 60% | 9.28x |
Ladder as of 2025-12-31 (10-K); cash from the 2025-12-31 balance sheet; FCF from FY2025.
Balance sheet at 2025-12-31. Undrawn revolving credit is not shown: the tag is collected but not yet mapped through to the API.
Operating leases are $338,132,000 of the $483,358,000 total — a fixed obligation that does not appear in a headline debt figure.
At $1626.64, free cash flow must compound 31.27%/yr for 10 years. It has done 45.15%/yr over 6 years, though across a reporting-basis change.
| Fiscal year | FCF growth | Price requires |
|---|---|---|
| FY2020 | 137.9% | 31.3% |
| FY2021 | −39.8% | 31.3% |
| FY2022 | 60.4% | 31.3% |
| FY2023 | 115.2% | 31.3% |
| FY2024 | 35.5% | 31.3% |
| FY2025 | 39.8% | 31.3% |
The achieved growth rate spans a reporting-basis change in FY2025, so part of it measures the restatement rather than the business.
| Step | Amount | Running total |
|---|---|---|
| Net income | $1.02B | $1.02B |
| Share-based comp | $22M | $1.04B |
| Other non-cash & working capital | $142M | $1.19B |
| Operating cash flow | $1.19B | $1.19B |
| Capex | −$155M | $1.03B |
| Free cash flow | $1.03B | $1.03B |
| FCF after SBC | $1.01B | $1.01B |
| Fiscal year | Revenue growth | Receivables growth | Gap |
|---|---|---|---|
| FY2020 | 9.2% | not reported | not reported |
| FY2021 | 7.6% | not reported | not reported |
| FY2022 | 34.7% | not reported | not reported |
| FY2023 | 25.8% | not reported | not reported |
| FY2024 | 35.0% | not reported | not reported |
| FY2025 | -73.9% | not reported | not reported |
| Fiscal year | Accruals / assets |
|---|---|
| FY2019 | -1.8 percent |
| FY2020 | -7.8 percent |
| FY2021 | -1.7 percent |
| FY2022 | -2.1 percent |
| FY2023 | -9.6 percent |
| FY2024 | -6.9 percent |
| FY2025 | -2.5 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 (FY2025) 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.