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Held by 508 of 5,944 reporting institutions (97th percentile) — extremely crowded.
Data as of Q1 2026
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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: 18%. 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 $1.2B covers all $56M of scheduled principal — no refinancing pressure. Scheduled principal only (excludes interest & revolver draws). As of 2021-03-31 (10-K).
Green ≤ 1.5× · amber ≤ 3× · red > 3× (leverage relative to cash earnings).
Interest expense isn't separately reported — often netted into “other income (expense), net.”
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. 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.
Solve the discounted cash flow backwards, then stress-test the assumptions.
To be worth $128.19 today, the market must believe free cash flow compounds 2.1%/yr for a decade (off $584M normalized FCF).
The market's 2.1% is more conservative than its 9-yr track record.
2-stage DCF · 0.07B shares (market data) · net debt -$1.2B
mean 51.8% · volatility σ 102% · implied rate exceeded in 6/9 yrs
Central path = implied 2.1%/yr growth; shaded band = ±1σ (102%) 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.
3/5 of the 9 checks — 4 couldn't be scored (see above), so the score is out of the 5 with data.
Insufficient balance-sheet detail (needs retained earnings, working capital, equity).
Needs granular two-year detail (receivables, PP&E, D&A, SG&A) — not fully reported.
Earnings are backed by cash (FCF ≥ net income) — high quality. Lower/negative accruals = higher quality (Sloan).
Coverage data unavailable.
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 26% of free cash flow, leaving room to grow it and fund buybacks. Last year: $174M dividends + $175M buybacks = $349M returned on $682M 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.
EOD close · as of 2026-08-05 · 15d old
How a revenue dollar becomes profit — FY2026
Each value shows its share of revenue below it (common-size).
| Line Item | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.62B 100.0% | $2.39B 100.0% | $1.91B 100.0% | $1.81B 100.0% | $2.27B 100.0% | $1.53B 100.0% | $1.16B 100.0% | $1.08B 100.0% | $963.4M 100.0% | $872.1M 100.0% |
| Gross Profit | — | $772.3M 32.3% | $571.1M 29.8% | $557.1M 30.8% | $795.3M 35.0% | $521.4M 34.2% | $322.5M 27.8% | $306.0M 28.2% | $277.6M 28.8% | $241.5M 27.7% |
| Total Operating Expenses | $2.09B 79.9% | $1.89B 79.0% | $1.54B 80.5% | $1.47B 81.1% | $1.66B 73.0% | $1.12B 73.2% | $929.8M 80.2% | $865.3M 79.8% | $749.0M 77.7% | $690.1M 79.1% |
| Operating Income | $527.0M 20.1% | $502.6M 21.0% | $373.2M 19.5% | $341.7M 18.9% | $612.9M 27.0% | $408.2M 26.8% | $229.6M 19.8% | $219.1M 20.2% | $214.4M 22.3% | $182.0M 20.9% |
| Other Income (Expense), net | $35.2M 1.3% | $28.8M 1.2% | $17.3M 0.9% | -$17.7M -1.0% | -$8.9M -0.4% | $1.1M 0.1% | $6.0M 0.5% | $5.2M 0.5% | $3.4M 0.4% | -$3.5M -0.4% |
| Pretax Income | $562.3M 21.5% | $531.3M 22.2% | $390.5M 20.4% | $324.0M 17.9% | $603.9M 26.6% | $409.2M 26.8% | $235.6M 20.3% | $224.3M 20.7% | $217.8M 22.6% | $178.5M 20.5% |
| Income Tax Expense | $138.1M 5.3% | $131.6M 5.5% | $110.2M 5.8% | $69.8M 3.9% | $165.6M 7.3% | $96.5M 6.3% | $51.9M 4.5% | $65.2M 6.0% | $45.6M 4.7% | $70.1M 8.0% |
| Net Income | $424.0M 16.2% | $400.0M 16.7% | $280.0M 14.6% | $254.0M 14.0% | $438.0M 19.3% | $312.8M 20.5% | $183.8M 15.9% | $159.1M 14.7% | $172.3M 17.9% | $108.3M 12.4% |
| Per Share | ||||||||||
| EPS (Basic) | $6.40 | $6.08 | $4.36 | $4.01 | $6.74 | $4.75 | $2.96 | $2.56 | $2.76 | $1.77 |
| EPS (Diluted) | $6.22 | $5.82 | $4.11 | $3.76 | $6.41 | $4.55 | $2.80 | $2.42 | $2.60 | $1.63 |
| Weighted Avg Shares (Basic) | 66.5M | 65.7M | 64.3M | 63.4M | 65.0M | 65.8M | 62.2M | 62.2M | 62.5M | 61.1M |
| Weighted Avg Shares (Diluted) | 68.4M | 68.7M | 68.2M | 67.6M | 68.3M | 68.7M | 65.7M | 65.8M | 66.3M | 66.6M |
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.
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.
Ranked against 878 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| BSAC | $6.64T | — | — | — | — | — | — | — | — | — | 141 |
| V | $688.1B | — | — | 17.2× | 11.3% | — | 50.1% | 52.9% | 34.9% | — | 4,229 |
| MA | $516.3B | 34.5× | — | 15.7× | 16.4% | — | 45.6% | 193% | 57.6% | — | 3,430 |
| HBCYF | $346.1B | — | — | — | — | — | — | — | — | — | 2 |
| AXP | $239.4B | 22.7× | — | 5.8× | 6.4% | — | 26.2% | 32.4% | 11.9% | — | 2,787 |
| MBFJF | $239.1B | 0.1× | 0.1× | 0.0× | 9.5% | — | 14.6% | 8.8% | 8.8% | — | 1 |
| USOI | $195.8B | — | — | 9.8× | 30.7% | — | -20.3% | -10.7% | -1.9% | — | 13 |
| HDB | $182.5B | 22.9× | — | 7.1× | -98.6% | — | 30.8% | 8.8% | 4.5% | — | 570 |
| UBS | $179.0B | — | — | — | — | — | — | — | — | — | 660 |
| USML | $178.1B | — | — | — | — | — | — | — | — | — | 2 |
| BLK | $175.8B | 32.1× | — | 7.3× | 89.3% | — | 22.9% | 9.9% | 8.1% | — | 2,196 |
| SMFNF | $158.8B | — | — | — | — | — | — | — | — | — | 1 |
| CB | $137.9B | 13.7× | — | 2.3× | 6.5% | — | 17.4% | 14.0% | 11.3% | — | 2,002 |
| GLD | $131.4B | — | — | — | — | — | — | — | — | — | 3,072 |
| MZHOF | $129.2B | 0.1× | — | 0.0× | 7.6% | — | 13.2% | 10.7% | 3.7% | — | 2 |
| PGR | $124.7B | 11.1× | — | 1.4× | 16.3% | — | 12.9% | 37.3% | 30.4% | — | 1,685 |
| SPGI | $122.5B | 28.0× | 17.5× | 8.0× | 7.9% | 70.2% | 29.2% | 14.4% | 10.1% | 1.7× | 2,005 |
| VXZ | $116.9B | — | — | — | — | — | — | — | — | — | 12 |
| BNS | $109.5B | — | — | — | — | — | — | — | — | — | 488 |
| BX | $101.8B | 35.1× | — | 7.0× | 9.2% | — | 20.9% | 34.8% | 14.2% | — | 2,037 |
| PNC | $101.1B | 15.4× | — | 4.4× | 7.2% | — | 30.3% | 11.5% | 5.9% | — | 1,839 |
| BCLYF | $97.9B | — | — | — | — | — | — | — | — | — | 5 |
| CME | $95.2B | 23.7× | — | 14.6× | 6.4% | — | 62.5% | 14.2% | 14.2% | — | 1,699 |
| MRSH | $92.9B | 22.7× | 16.5× | 3.4× | 10.3% | — | 15.4% | 27.2% | 12.4% | 2.8× | 1,471 |
| ICE | $85.0B | 26.0× | 20.2× | 6.7× | 7.5% | — | 26.2% | 11.5% | 6.8% | 3.8× | 1,641 |
| HLI | $9.0B | 20.6× | 13.6× | 3.4× | 9.5% | — | 16.2% | 18.1% | 18.1% | — | 508 |
Peers = companies sharing HLI's sector (Financial 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.
EOD close · as of 2026-08-05
Nothing notable to watch.
No material risks flagged.
Where each multiple sits in its own 11-yr range · 64th pct blended
Dot = today · shaded = middle 50% · line = median. Lower percentile = cheaper vs its own 11-yr history.
Is the profit real, and how strong is the balance sheet?
FY2026 · every deduction from revenue to net income
DuPont — the three levers
Returns are margin-driven, not leverage-driven — higher quality.
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
Low operating leverage — profit tracks sales closely (stable, less cyclical).
Each line as % of revenue — the trend in color
| % of revenue | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 |
|---|---|---|---|---|---|---|---|---|
| Gross Profit | 28.2 | 27.8 | 34.2 | 35.0 | 30.8 | 29.8 | 32.3 | — |
| Operating Income | 20.2 | 19.8 | 26.8 | 27.0 | 18.9 | 19.5 | 21.0 | 20.1 |
| Income Tax | 6.0 | 4.5 | 6.3 | 7.3 | 3.9 | 5.8 | 5.5 | 5.3 |
| Net Income | 14.7 | 15.9 | 20.5 | 19.3 | 14.0 | 14.6 | 16.7 | 16.2 |
Green = margin-favorable vs the row's own range · red = unfavorable.
The metrics that matter, over time
A 30-second read on HLI: price, valuation, headline fundamentals, and an auto-generated scorecard from SEC filings. Flags are rule-based signals, not recommendations.