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Held by 3,351 of 5,944 reporting institutions (100th percentile) — extremely crowded.
Data as of Q1 2026
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Ranked against 768 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| NVDA | $5.33T | 44.7× | 40.0× | 24.7× | 65.5% | 71.1% | 55.6% | 76.3% | 72.4% | 0.1× | 5,582 |
| AAPL | $4.59T | 41.7× | 32.0× | 11.0× | 6.4% | 46.9% | 26.9% | 152% | 73.7% | 0.5× | 5,858 |
| MSFT | $3.62T | 27.2× | 19.1× | 10.9× | 17.8% | 67.9% | 40.3% | 30.2% | 28.2% | 0.2× | 5,944 |
| AVGO | $1.98T | 87.7× | 78.0× | 31.0× | 23.9% | 67.8% | 36.2% | 28.4% | 15.8% | 2.5× | 4,442 |
| MU | $1.00T | 117.7× | 55.4× | 26.8× | 48.9% | 39.8% | 22.8% | 15.8% | 12.9% | 0.7× | 2,894 |
| AMD | $785.7B | 181.9× | 185.9× | 22.7× | 34.3% | 49.5% | 12.5% | 6.9% | 6.5% | 0.8× | 3,059 |
| ASMLF | $649.1B | 68.2× | 51.8× | 19.9× | 15.6% | 52.8% | 29.4% | 49.0% | 43.1% | 0.2× | 2 |
| INTC | $504.7B | — | 62.9× | 9.6× | -0.5% | 34.8% | -0.5% | -0.2% | -0.2% | 5.5× | 2,495 |
| CSCO | $481.1B | 47.6× | 40.2× | 8.5× | 5.3% | 64.9% | 18.0% | 21.7% | 13.6% | 2.3× | 3,560 |
| AMAT | $423.7B | 61.7× | 48.7× | 14.9× | 4.4% | 48.7% | 24.7% | 34.3% | 25.9% | 0.8× | 2,826 |
| LRCX | $390.0B | 74.1× | 62.2× | 21.2× | 23.7% | 48.7% | 29.1% | 54.3% | 39.5% | 0.6× | 2,500 |
| PLTR | $378.8B | 251.5× | 262.1× | 84.7× | 56.2% | 82.4% | 36.3% | 22.0% | 22.0% | — | 2,883 |
| RPAY | $342.2B | — | — | 1106.6× | -1.2% | 75.0% | -83.0% | -53.0% | -33.6% | -1.1× | 142 |
| DELL | $301.7B | 53.3× | 28.8× | 2.7× | 18.8% | 20.0% | 5.2% | -240% | 20.4% | 2.8× | 1,564 |
| ARM | $292.2B | 323.0× | 251.9× | 59.4× | 22.8% | 97.5% | 18.4% | 10.9% | 10.9% | — | 730 |
| TXN | $252.4B | 51.0× | 33.1× | 14.3× | 13.0% | 57.0% | 28.3% | 30.7% | 16.8% | 1.7× | 2,345 |
| ANET | $247.8B | 71.7× | 62.6× | 27.5× | 28.6% | 64.1% | 0.0% | 0.0% | 0.0% | — | 1,930 |
| UMC | $242.3B | — | — | — | — | — | — | — | — | — | 302 |
| PANW | $242.3B | 226.7× | 151.3× | 26.3× | 14.9% | 73.4% | 12.3% | 14.5% | 14.5% | — | 2,374 |
| SAPGF | $241.4B | — | — | — | — | — | — | — | — | — | 7 |
| IBM | $221.0B | 21.1× | — | 3.3× | 7.6% | 58.2% | 15.7% | 32.4% | 11.3% | — | 3,351 |
| APH | $211.2B | 51.5× | 29.5× | 9.1× | 51.7% | 36.9% | 18.5% | 31.8% | 31.8% | — | 2,017 |
| SNDK | $197.2B | — | — | 26.8× | 10.4% | 30.1% | -22.3% | -17.8% | -14.9% | -1.5× | 1,127 |
| SHOP | $187.4B | 153.4× | 124.0× | 16.2× | 30.1% | 48.1% | 10.7% | 9.1% | 9.1% | — | 1,642 |
| ADI | $184.9B | 82.8× | 57.2× | 16.8× | 16.9% | 61.5% | 20.6% | 6.7% | 5.3% | 2.6× | 2,030 |
Peers = companies sharing IBM's sector (Technology) 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.
How management deployed cash over 10 years — and what it earned on reinvestment.
A balanced mix of reinvestment and shareholder returns.
Insufficient data. Current ROIC on all capital: 11%. 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 $13.6B covers the $6.4B due within a year 2.1× over. Scheduled principal only (excludes interest & revolver draws). As of 2025-12-31 (10-K).
Insufficient EBITDA/debt history.
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.” Effective rate ~3.2% on $61.3B of debt.
Cash of $13.6B fully covers short-term debt of $6.4B.
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 2026-08-05 · 15d old
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 | $67.53B 100.0% | $62.75B 100.0% | $61.86B 100.0% | $60.53B 100.0% | $57.35B 100.0% | $55.18B 100.0% | $57.71B 100.0% | $79.59B 100.0% | $79.14B 100.0% | $79.92B 100.0% |
| Cost of Revenue | $28.24B 41.8% | $27.20B 43.3% | $27.56B 44.6% | $27.84B 46.0% | $25.86B 45.1% | $24.31B 44.1% | $26.18B 45.4% | $42.66B 53.6% | $42.20B 53.3% | $41.40B 51.8% |
| Cost of Products | — | — | — | — | — | — | — | — | $7.26B 9.2% | $6.56B 8.2% |
| Cost of Services | — | — | — | — | — | — | — | — | $34.45B 43.5% | $34.02B 42.6% |
| Gross Profit | $39.30B 58.2% | $35.55B 56.7% | $34.30B 55.4% | $32.69B 54.0% | $31.49B 54.9% | $30.86B 55.9% | $31.53B 54.6% | $36.94B 46.4% | $36.94B 46.7% | $38.52B 48.2% |
| Research & Development | $8.32B 12.3% | $7.48B 11.9% | $6.78B 11.0% | $6.57B 10.8% | $6.49B 11.3% | $6.26B 11.3% | $5.91B 10.2% | $5.38B 6.8% | $5.59B 7.1% | $5.73B 7.2% |
| Selling, General & Admin | $20.12B 29.8% | $19.69B 31.4% | $19.00B 30.7% | $18.61B 30.7% | $18.75B 32.7% | $20.56B 37.3% | $18.72B 32.4% | $19.37B 24.3% | $19.68B 24.9% | $20.87B 26.1% |
| Interest Expense | $1.94B 2.9% | $1.71B 2.7% | $1.61B 2.6% | $1.22B 2.0% | $1.16B 2.0% | $1.29B 2.3% | $1.34B 2.3% | $723.0M 0.9% | $615.0M 0.8% | $630.0M 0.8% |
| Interest & Investment Income | $645.0M 1.0% | $747.0M 1.2% | $670.0M 1.1% | $162.0M 0.3% | $52.0M 0.1% | $105.0M 0.2% | — | — | — | — |
| Other Income (Expense), net | $221.0M 0.3% | $877.0M 1.4% | $266.0M 0.4% | $443.0M 0.7% | $225.0M 0.4% | $156.0M 0.3% | — | — | — | — |
| Pretax Income | $10.33B 15.3% | $5.80B 9.2% | $8.69B 14.0% | $1.16B 1.9% | $4.84B 8.4% | $2.57B 4.7% | $7.21B 12.5% | $11.34B 14.3% | $11.40B 14.4% | $12.33B 15.4% |
| Income Tax Expense | -$242.0M -0.4% | -$218.0M -0.3% | $1.18B 1.9% | -$626.0M -1.0% | $124.0M 0.2% | -$1.36B -2.5% | $60.0M 0.1% | $2.62B 3.3% | $5.64B 7.1% | $449.0M 0.6% |
| Net Income | $10.59B 15.7% | $6.02B 9.6% | $7.50B 12.1% | $1.64B 2.7% | $5.74B 10.0% | $5.59B 10.1% | $9.43B 16.3% | $8.73B 11.0% | $5.75B 7.3% | $11.87B 14.9% |
| Per Share | ||||||||||
| EPS (Basic) | $11.36 | $6.53 | $8.23 | $1.82 | $6.41 | $6.28 | $10.63 | $9.57 | $6.17 | $12.43 |
| EPS (Diluted) | $11.17 | $6.43 | $8.14 | $1.80 | $6.35 | $6.23 | $10.56 | $9.52 | $6.14 | $12.38 |
| Weighted Avg Shares (Basic) | 932.3M | 921.8M | 911.2M | 902.7M | 896.0M | 890.3M | 887.2M | 912.0M | 932.8M | 955.4M |
| Weighted Avg Shares (Diluted) | 948.7M | 937.2M | 922.1M | 912.3M | 904.6M | 896.6M | 892.8M | 916.3M | 937.4M | 958.7M |
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 $235.92 today, the market must believe free cash flow compounds 8.8%/yr for a decade (off $12.4B normalized FCF).
The market's 8.8% is more optimistic than its 9-yr track record.
2-stage DCF · 0.94B shares · net debt $47.7B
mean 0.7% · volatility σ 21% · implied rate exceeded in 2/9 yrs
Central path = implied 8.8%/yr growth; shaded band = ±1σ (21%) 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.
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 52% of free cash flow, leaving room to grow it and fund buybacks. Last year: $6.3B dividends + $0 buybacks = $6.3B returned on $12.1B FCF.
9 consecutive years of dividend increases · 2%/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.
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
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 2026-08-05
Nothing notable to watch.
Where each multiple sits in its own 14-yr range · 84th 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
Operating leverage needs meaningful revenue change.
Each line as % of revenue — the trend in color
| % of revenue | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|
| Cost of Revenue | 53.6 | 45.4 | 44.1 | 45.1 | 46.0 | 44.6 | 43.3 | 41.8 |
| Gross Profit | 46.4 | 54.6 | 55.9 | 54.9 | 54.0 | 55.4 | 56.7 | 58.2 |
| R&D | 6.8 | 10.2 | 11.3 | 11.3 | 10.8 | 11.0 | 11.9 | 12.3 |
| SG&A | 24.3 | 32.4 | 37.3 | 32.7 | 30.7 | 30.7 | 31.4 | 29.8 |
| Income Tax | 3.3 | 0.1 | -2.5 | 0.2 | -1.0 | 1.9 | -0.3 | -0.4 |
| Net Income | 11.0 | 16.3 | 10.1 | 10.0 | 2.7 | 12.1 | 9.6 | 15.7 |
Green = margin-favorable vs the row's own range · red = unfavorable.
The metrics that matter, over time
A 30-second read on IBM: price, valuation, headline fundamentals, and an auto-generated scorecard from SEC filings. Flags are rule-based signals, not recommendations.