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Held by 454 of 6,047 reporting institutions (96th 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.
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 $37.26 today, the market must believe free cash flow compounds -2.5%/yr for a decade (off $567.6M on the 3-yr avg basis).
On the basis ($486.0M) the requirement is -0.4%/yr. Shares issued to employees are added back in operating cash flow, so this basis treats them as free.
The market's -2.5% is more conservative than its 9-yr track record.
Default is 8.3% — this company's computed cost of capital (computed WACC), the same rate the Analysis tab discounts at.
2-stage DCF · 0.17B shares (market data) · net debt $688.5M
mean 15.6% · volatility σ 27% · implied rate exceeded in 7/9 yrs
Central path = implied -2.5%/yr growth; shaded band = ±1σ (27%) 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.
What the company returns to shareholders — and whether it's covered by cash.
The dividend is comfortably covered — only 16% of free cash flow, leaving room to grow it and fund buybacks. Last year: $117.7M dividends + $0 buybacks = $117.7M returned on $734.7M FCF.
9 consecutive years of dividend increases · 14%/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 cash-return story — far more went to shareholders than back into the business (mature, low-reinvestment).
Reinvestment has been productive — operating income grew well per dollar put in. Current ROIC on all capital: 14%. 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 $422.6M covers the $39.2M due within a year 10.8× over. Scheduled principal only (excludes interest & revolver draws). As of 2016-12-31 (10-K).
Green ≤ 1.5× · amber ≤ 3× · red > 3× (leverage relative to cash earnings).
Interest is easily covered by operating profit. Effective rate ~4.8% on $1.54B of debt.
Cash of $853.8M fully covers short-term debt of $0.
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.
EOD close · as of 2026-10-16
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 | $5.08B 100.0% | $4.77B 100.0% | $4.48B 100.0% | $4.37B 100.0% | $4.02B 100.0% | $3.71B 100.0% | $3.52B 100.0% | $3.00B 100.0% | $2.74B 100.0% | $2.57B 100.0% |
| Cost of Revenue | $3.25B 64.0% | $3.08B 64.5% | $2.91B 64.9% | $2.83B 64.9% | $2.59B 64.4% | $2.42B 65.2% | $2.29B 65.2% | $1.92B 64.0% | $1.68B 61.4% | $1.55B 60.5% |
| Gross Profit | $1.83B 36.0% | $1.69B 35.5% | $1.57B 35.1% | $1.54B 35.1% | $1.43B 35.6% | $1.29B 34.8% | $1.23B 34.8% | $1.08B 36.0% | $1.06B 38.6% | $1.02B 39.5% |
| Selling, General & Admin | $1.05B 20.6% | $967.1M 20.3% | $913.1M 20.4% | $938.4M 21.5% | $865.7M 21.5% | $789.8M 21.3% | $794.9M 22.6% | $693.9M 23.1% | $689.5M 25.2% | $653.0M 25.4% |
| Operating Income | $750.2M 14.8% | $702.1M 14.7% | $630.9M 14.1% | $502.2M 11.5% | $509.0M 12.7% | $438.7M 11.8% | $429.4M 12.2% | $348.2M 11.6% | $331.3M 12.1% | $341.2M 13.3% |
| Interest Expense | $73.5M 1.4% | $79.5M 1.7% | $66.3M 1.5% | $58.1M 1.3% | $58.3M 1.4% | $56.2M 1.5% | $50.8M 1.4% | $48.5M 1.6% | $39.9M 1.5% | $23.4M 0.9% |
| Other Income (Expense), net | $22.1M 0.4% | $19.0M 0.4% | $15.0M 0.3% | -$103K -0.0% | $12.9M 0.3% | $3.2M 0.1% | $5.8M 0.2% | $35.8M 1.2% | $23.6M 0.9% | $9.7M 0.4% |
| Pretax Income | $730.1M 14.4% | $676.8M 14.2% | $602.2M 13.5% | $465.2M 10.6% | $483.1M 12.0% | $400.5M 10.8% | $399.4M 11.3% | $362.0M 12.1% | $320.6M 11.7% | $329.6M 12.8% |
| Income Tax Expense | $177.7M 3.5% | $163.2M 3.4% | -$29.0M -0.6% | $111.8M 2.6% | $113.7M 2.8% | $92.2M 2.5% | $94.5M 2.7% | $80.8M 2.7% | $59.7M 2.2% | $62.1M 2.4% |
| Net Income | $552.5M 10.9% | $513.7M 10.8% | $631.3M 14.1% | $353.4M 8.1% | $369.4M 9.2% | $308.3M 8.3% | $304.9M 8.7% | $282.0M 9.4% | $263.1M 9.6% | $269.7M 10.5% |
| Per Share | ||||||||||
| EPS (Basic) | $3.18 | $2.88 | $3.46 | $1.92 | $1.97 | $1.62 | $1.60 | $1.48 | $1.36 | $1.30 |
| EPS (Diluted) | $3.13 | $2.85 | $3.41 | $1.88 | $1.91 | $1.57 | $1.56 | $1.45 | $1.34 | $1.28 |
| Weighted Avg Shares (Basic) | 173.9M | 178.4M | 182.3M | 184.2M | 187.8M | 190.4M | 190.1M | 190.7M | 193.9M | 206.9M |
| Weighted Avg Shares (Diluted) | 176.6M | 180.4M | 185.1M | 188.1M | 193.0M | 195.8M | 195.2M | 194.0M | 197.0M | 210.1M |
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.
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| BAH | $9.0B | 10.8× | 10.2× | 0.8× | -6.4% | 52.7% | 7.6% | 77.0% | 16.9% | 2.7× | 539 |
| G | $6.3B | 12.0× | 8.5× | 1.2× | 6.6% | 36.0% | 10.9% | 21.7% | 13.5% | 0.8× | 454 |
| FCN | $4.0B | 17.8× | 9.5× | 1.1× | 2.4% | 32.1% | 7.1% | 15.6% | 12.9% | 0.2× | 362 |
| EXPO | $3.4B | 34.9× | — | 5.9× | 4.2% | — | 18.2% | 27.2% | 27.2% | — | 329 |
| HURN | $2.8B | 30.1× | 15.5× | 1.6× | 11.7% | — | 6.2% | 19.9% | 10.1% | 2.3× | 232 |
| ASTH | $1.9B | 82.7× | 20.1× | 0.6× | 56.4% | — | 0.7% | 2.9% | 1.2% | 4.9× | 206 |
| ICFI | $1.6B | 17.9× | 9.8× | 0.8× | -7.3% | 37.2% | 4.9% | 8.9% | 6.4% | 1.9× | 226 |
| BWMN | $710M | 58.6× | 20.5× | 1.4× | 14.9% | 53.4% | 2.6% | 4.9% | 4.0% | 1.3× | 135 |
| ONT | $494M | — | 32.1× | 0.6× | 19.3% | 40.3% | -0.1% | -0.2% | -0.1% | 11.5× | — |
| PPHC | $320M | — | — | 1.7× | 24.7% | 10.0% | -20.9% | -52.1% | -32.0% | — | 55 |
| RMR | $319M | 18.2× | 5.7× | 0.5× | -22.0% | — | 2.5% | 7.7% | 6.5% | -0.3× | 167 |
| SUPX | $305M | — | — | 84.9× | 23.9% | 10.2% | -590% | -107% | -104% | — | 21 |
| HCKT | $290M | 25.4× | 12.1× | 0.9× | -2.6% | 38.3% | 4.2% | 19.0% | 9.0% | 2.0× | 160 |
| III | $276M | 30.0× | 13.7× | 1.1× | -1.2% | 43.1% | 3.8% | 9.9% | 6.1% | 1.4× | 135 |
| TSSI | $210M | 13.3× | 14.1× | 0.8× | 65.9% | 13.2% | 6.2% | 19.7% | 16.0% | -6.7× | 129 |
| EGG | $131M | 235.5× | — | 29.5× | 12.2% | 68.8% | 12.6% | 3.5% | 3.5% | — | 1 |
| RTB | $109M | — | — | 9.8× | -38.7% | 47.7% | -157% | -65.9% | -65.9% | — | — |
Peers = companies sharing G's sector (Services-Management Consulting Services) 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
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 2026-10-16
Where each multiple sits in its own 14-yr range · 2th 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 22% against ROIC 14% — 8% 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
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 | 64.0 | 65.2 | 65.2 | 64.4 | 64.9 | 64.9 | 64.5 | 64.0 |
| Gross Profit | 36.0 | 34.8 | 34.8 | 35.6 | 35.1 | 35.1 | 35.5 | 36.0 |
| SG&A | 23.1 | 22.6 | 21.3 | 21.5 | 21.5 | 20.4 | 20.3 | 20.6 |
| Operating Income | 11.6 | 12.2 | 11.8 | 12.7 | 11.5 | 14.1 | 14.7 | 14.8 |
| Income Tax | 2.7 | 2.7 | 2.5 | 2.8 | 2.6 | -0.6 | 3.4 | 3.5 |
| Net Income | 9.4 | 8.7 | 8.3 | 9.2 | 8.1 | 14.1 | 10.8 | 10.9 |
Green = margin-favorable vs the row's own range · red = unfavorable.
The metrics that matter, over time
A 30-second read on G: price, valuation and headline fundamentals from SEC filings. The four questions at the top of the page are where the judgements live.
Earns 10.14pts above its cost of capital, positive in 5 of the last 5 years.
| Period | ROIC | Cost of capital | Spread |
|---|---|---|---|
| FY2019 | 11.9% | 8.3% (today's — no rate published for this year) | 3.6pts |
| FY2020 | 11.8% | 8.3% (today's — no rate published for this year) | 3.5pts |
| FY2021 | 14.1% | 6.4% | 7.7pts |
| FY2022 | 14.6% | 7.4% | 7.2pts |
| FY2023 | 19.1% | 7.4% | 11.7pts |
| FY2024 | 18.3% | 8.4% | 9.9pts |
| FY2025 | 18.0% | 7.2% | 10.8pts |
| Now | 13.5% | 8.3% | 5.3pts |
| Fiscal year | Gross margin | Operating margin | Net margin |
|---|---|---|---|
| FY2016 | 39.5% | 13.3% | 10.5% |
| FY2017 | 38.6% | 12.1% | 9.6% |
| FY2018 | 36.0% | 11.6% | 9.4% |
| FY2019 | 34.8% | 12.2% | 8.7% |
| FY2020 | 34.8% | 11.8% | 8.3% |
| FY2021 | 35.6% | 12.7% | 9.2% |
| FY2022 | 35.1% | 11.5% | 8.1% |
| FY2023 | 35.1% | 14.1% | 14.1% |
| FY2024 | 35.5% | 14.7% | 10.8% |
| FY2025 | 36.0% | 14.8% | 10.9% |
Leverage and buybacks account for 8 points of the 22% return on equity in FY2025. The business earns 14% 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.
$1.8B of goodwill — 51% 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 37.31% against 18.38% reported — the return is earned on a capital base inflated by what was paid for acquisitions, not by the operating business alone.
Converts 1.18x of reported profit into free cash flow over 5 years, with accruals negative.
Reported free cash flow is $735M; after share-based compensation it is $645M. The difference is a real cost that the cash flow statement adds back.
Covers interest 7.1x even after a 30% EBITDA decline.
| EBITDA decline | Interest coverage |
|---|---|
| 0% | 10.20x |
| 5% | 9.69x |
| 10% | 9.18x |
| 15% | 8.67x |
| 20% | 8.16x |
| 25% | 7.65x |
| 30% | 7.14x |
| 35% | 6.63x |
| 40% | 6.12x |
| 45% | 5.61x |
| 50% | 5.10x |
| 55% | 4.59x |
| 60% | 4.08x |
This schedule comes from a filing dated 2016-12-31, 3576 days old. Maturities are shown relative to that date, not to today.
Ladder as of 2016-12-31 (10-K); cash from the 2016-12-31 balance sheet; FCF from FY2016.
Balance sheet at 2016-12-31. 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 $37.59, free cash flow must compound -1.94%/yr for 10 years. It has done 13.0%/yr over 6 years.
| Fiscal year | FCF growth | Price requires |
|---|---|---|
| FY2020 | 45.7% | −1.9% |
| FY2021 | 24.7% | −1.9% |
| FY2022 | −38.7% | −1.9% |
| FY2023 | 10.8% | −1.9% |
| FY2024 | 22.3% | −1.9% |
| FY2025 | 37.9% | −1.9% |
The implied rate has been matched or beaten in 5 of the last 6 years.
| Step | Amount | Running total |
|---|---|---|
| Net income | $552M | $552M |
| Share-based comp | $90M | $642M |
| Other non-cash & working capital | $171M | $813M |
| Operating cash flow | $813M | $813M |
| Capex | −$78M | $735M |
| Free cash flow | $735M | $735M |
| FCF after SBC | $645M | $645M |
| Fiscal year | Revenue growth | Receivables growth | Gap |
|---|---|---|---|
| FY2020 | 5.4% | -3.6% | -9.0 points |
| FY2021 | 8.4% | 0.8% | -7.7 points |
| FY2022 | 8.7% | 12.1% | 3.4 points |
| FY2023 | 2.4% | 12.2% | 9.8 points |
| FY2024 | 6.5% | 7.4% | 0.9 points |
| FY2025 | 6.6% | 3.5% | -3.1 points |
| Fiscal year | DSO | DIO | DPO | Cash conversion cycle |
|---|---|---|---|---|
| FY2019 | 94.8 days | not reported | 3.5 days | 91.3 days |
| FY2020 | 86.7 days | not reported | 2.1 days | 84.6 days |
| FY2021 | 80.6 days | not reported | 3.5 days | 77 days |
| FY2022 | 83.1 days | not reported | 4.6 days | 78.5 days |
| FY2023 | 91 days | not reported | 3.5 days | 87.5 days |
| FY2024 | 91.8 days | not reported | 4.3 days | 87.4 days |
| FY2025 | 89.1 days | not reported | 3.1 days | 86 days |
| Fiscal year | Accruals / assets |
|---|---|
| FY2019 | -2.8 percent |
| FY2020 | -5.7 percent |
| FY2021 | -6.5 percent |
| FY2022 | -2.0 percent |
| FY2023 | 2.9 percent |
| FY2024 | -2.0 percent |
| FY2025 | -4.5 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.