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Insufficient data to determine institutional momentum.
Data as of Q3 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.
No trend data available for this metric.
| Date | Insider | What it was | Shares | Price | Value |
|---|---|---|---|---|---|
| 2026-06-23 | Seki Miwa Director | Otherindirect | 2,000 | $0.00 | — |
| 2026-06-23 | Watanabe Hiroshi Director | Otherindirect | 2,000 | $0.00 | — |
| 2026-06-23 | Kato Mami Director | Otherindirect | 2,000 | $0.00 | — |
| 2026-06-23 | Yanagawa Noriyuki Director | Otherindirect | 2,000 | $0.00 | — |
| 2026-06-23 | Yamada Masataka See remarks | Otherindirect | 37,370 | $0.00 | — |
| 2026-06-23 | Hodo Chikatomo Director | Otherindirect | 2,000 | $0.00 | — |
| 2026-06-23 | Takahashi Hidetake See remarks | Otherindirect | 81,560 | $0.00 | — |
| 2026-06-23 | Irie Shuji See Remarks | Otherindirect | 37,370 | $0.00 | — |
| 2026-06-23 | Suzuki Yoshiteru See remarks | Otherindirect | 37,370 | $0.00 | — |
| 2026-06-23 | 2 co-filers Executive Officer | Otherindirect | 11,960 | $0.00 | — |
| 2026-06-23 | 2 co-filers See Remarks | Otherindirect | 15,750 | $0.00 | — |
| 2026-06-23 | 2 co-filers See remarks | Otherindirect | 51,910 | $0.00 | — |
| 2026-05-20 | 2 co-filers See Remarks | Open-market buy31d late | 13 | $38.22 | $503 |
| 2026-05-20 | 2 co-filers See remarks | Open-market buy31d late | 7 | $38.22 | $251 |
| 2026-05-20 | 2 co-filers Executive Officer | Open-market buy31d late | 4 | $38.22 | $151 |
Every row is classified by what it MEANT, not by its SEC code. A code is not a meaning: code P (“purchase”) also covers dividend reinvestment and employee stock purchase plans, and code S (“sale”) also covers 10b5-1 plan sales scheduled months earlier and option exercises sold the same day.
Across 30 days of all filings, $5.08bn of insider selling contained $3.50bn of plan sales and $0.46bn of exercise-and-sell. Only 29% was discretionary. Reading an unclassified feed badly overstates how much insiders decided.
Buys and sales are counted separately and never netted. They are different decisions by different people; a company where one officer bought while another sold is not “neutral”.
The holding line carries each insider's last reported position forward, so it shows the total held rather than a sawtooth of whoever traded that day. It covers only insiders who filed in the window.
“Filed late” counts calendar days past the two-business-day deadline with five days' grace, so a Thursday or Friday trade crossing a weekend is never flagged. It describes the company's filing discipline, not the trade.
Insider activity is descriptive. Nothing here is investment advice.
A reverse discounted cash flow is not shown for a bank.
Funded by deposits, so debt-weighted leverage and a WACC are not defined. Capital adequacy (CET1, LCR) is the right question and is not collected yet.
Classified from the filings: SIC code.
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.
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
What the company returns to shareholders — and whether it's covered by cash.
The dividend exceeds free cash flow (212%) — funded from the balance sheet or debt, a red flag if it persists. Last year: $8.60B dividends + $0 buybacks = $8.60B returned on $4.05B FCF.
2 consecutive years of dividend increases · 17%/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 3 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: 1%. Rough measure (includes maintenance capex).
Cash uses aggregated from the SEC cash-flow statement over 3 fiscal years. "Return on reinvestment" is a rough proxy — operating-income change ÷ cumulative CapEx + M&A — and includes maintenance capex. Educational — not a recommendation.
EOD close · as of 2026-10-29
How a revenue dollar becomes profit — FY2012
Dividends and buybacks are cash paid out, shown here against the same year's profit for scale — not funded from it. This year they exceeded net income, so the ribbons are capped at earnings and understate what was actually returned.
Each value shows its share of revenue below it (common-size).
| Line Item | FY2012 | FY2011 | FY2010 |
|---|---|---|---|
| Revenue | $964.78B 100.0% | $941.01B 100.0% | $890.55B 100.0% |
| Selling, General & Admin | $194.96B 20.2% | $202.05B 21.5% | $211.48B 23.7% |
| Total Operating Expenses | $842.56B 87.3% | $869.38B 92.4% | $860.38B 96.6% |
| Operating Income | $122.22B 12.7% | $71.63B 7.6% | $30.17B 3.4% |
| Interest Expense | $109.87B 11.4% | $122.13B 13.0% | $81.44B 9.1% |
| Interest & Investment Income | $15.17B 1.6% | $17.69B 1.9% | $20.44B 2.3% |
| Pretax Income | $127.52B 13.2% | — | — |
| Income Tax Expense | $44.61B 4.6% | $24.67B 2.6% | $21.09B 2.4% |
| Net Income | $83.51B 8.7% | $66.02B 7.0% | $37.76B 4.2% |
| Per Share | |||
| EPS (Basic) | $77.68 | $61.42 | $370.52 |
| EPS (Diluted) | $65.03 | $51.83 | $315.91 |
| Weighted Avg Shares (Basic) | 1.08B | 1.07B | 101.9M |
| Weighted Avg Shares (Diluted) | 1.32B | 1.32B | 123.7M |
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.
EOD close · as of 2026-10-29
Is the profit real, and how strong is the balance sheet?
FY2012 · every deduction from revenue to net income
DuPont — the three levers
ROE 6% against ROIC 1% — 5% 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
High operating leverage: profit moved 48.9× as fast as sales — great in an upturn, painful in a downturn.
Each line as % of revenue — the trend in color
| % of revenue | FY2010 | FY2011 | FY2012 |
|---|---|---|---|
| SG&A | 23.7 | 21.5 | 20.2 |
| Operating Income | 3.4 | 7.6 | 12.7 |
| Income Tax | 2.4 | 2.6 | 4.6 |
| Net Income | 4.2 | 7.0 | 8.7 |
Green = margin-favorable vs the row's own range · red = unfavorable.
The metrics that matter, over time
A 30-second read on IX: price, valuation and headline fundamentals from SEC filings. The four questions at the top of the page are where the judgements live.
Leverage ratios is not shown for a bank.
Funded by deposits, so debt-weighted leverage and a WACC are not defined. Capital adequacy (CET1, LCR) is the right question and is not collected yet.
Classified from the filings: SIC code.
How much the company owes, how it's trended, and how comfortably it's serviced.
Cash of $9.57B is below the $1.03T due within a year — relies on refinancing or operating cash flow. Scheduled principal only (excludes interest & revolver draws). As of 2026-03-31 (20-F). The cash figure is from 2012-03-31, so the two are not the same balance-sheet date — the schedule has not been refiled since.
Thin coverage — earnings barely cover interest. Effective rate ~191.1% on $57.49B of debt.
Cash of $9.57B is below short-term debt of $457.97B — relies on refinancing/operations.
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.
Ranked against 39 sector peers with collected financials. Valuation from latest close × latest fiscal-year fundamentals; 13F conviction as of 2026-09-30.
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| IX | $40.2B | 4.6× | — | 3.4× | 1.5% | — | 8.9% | 6.2% | 1.4% | — | 92 |
| COIN | $37.9B | 32.3× | 20.3× | 5.3× | 9.4% | — | 17.6% | 8.5% | 5.9% | -3.0× | 313 |
| AFRM | $24.8B | 13.3× | 45.8× | 5.8× | 32.2% | — | 45.3% | 35.2% | 12.6% | 11.3× | 165 |
| SOFI | $22.8B | 45.1× | — | 36.9× | 23.1% | 1.7% | 77.7% | 4.6% | 3.9% | — | 266 |
| BMNP | $22.5B | 7.2× | 49.5× | — | 84.1% | 5.1% | — | 4.0% | 4.0% | -1.1× | — |
| CHYM | $10.6B | — | — | 4.8× | 30.7% | 88.0% | -46.2% | -72.1% | -72.1% | — | 55 |
| HUT | $8.2B | — | — | 34.8× | 44.8% | 54.2% | -96.2% | -15.9% | -15.9% | — | 69 |
| WULF | $6.4B | — | — | 37.8× | 20.3% | 39.2% | -393% | -471% | -20.4% | — | 82 |
| CACC | $4.8B | 12.8× | — | 2.1× | 7.2% | — | 18.3% | 27.8% | 27.8% | — | 52 |
| ENVA | $4.3B | 15.1× | 11.2× | 1.4× | 18.6% | 58.1% | 9.8% | 23.1% | 5.3% | 5.7× | 81 |
| DAVE | $4.0B | 23.4× | 20.4× | 7.3× | 59.7% | — | 35.3% | 55.5% | 55.5% | -0.4× | 47 |
| GPGI | $3.2B | — | — | 54.2× | -85.8% | 48.1% | -227% | -55.9% | -55.9% | — | 21 |
| CIFR | $3.0B | — | — | 13.5× | 48.0% | 63.7% | -367% | -102% | -23.1% | — | 79 |
| UPST | $2.4B | 55.2× | 53.3× | 2.3× | 64.0% | — | 5.1% | 6.7% | 2.0% | 17.4× | 67 |
| ECPG | $2.1B | 9.2× | 3.0× | 1.2× | 34.4% | — | 14.5% | 26.3% | 26.3% | -0.2× | 53 |
| CLSK | $2.0B | — | 3.9× | 2.6× | 102% | 55.2% | 47.6% | 16.8% | 12.9% | 0.9× | 79 |
| PGY | $1.7B | 22.4× | 5.1× | 1.3× | 26.1% | 42.4% | 6.3% | 17.0% | 17.0% | -0.8× | — |
| WLTH | $1.6B | — | — | 4.5× | 18.2% | 89.6% | -11.5% | -6.8% | -6.8% | — | 10 |
| KEEL | $1.4B | — | — | 6.2× | 72.0% | -8.2% | -124% | -50.8% | -23.1% | — | — |
| ATLC | $1.4B | 15.7× | 4.9× | 0.7× | 50.1% | 91.8% | 6.2% | 20.1% | 20.1% | -3.8× | 23 |
| WD | $1.2B | 21.2× | — | 1.0× | 9.0% | — | 4.6% | 3.2% | 3.2% | — | 38 |
| JCAP | $1.1B | 3.5× | 8.9× | 1.9× | 41.5% | — | 30.6% | 39.5% | 8.4% | 5.4× | 14 |
| PWP | $1.1B | 29.8× | 13.5× | 1.4× | -14.5% | — | 4.7% | -27.9% | -27.9% | -4.2× | 19 |
| RHLD | $978M | — | 6.6× | 2.1× | 9.9% | 56.3% | -1.3% | -91.1% | -3.1% | 0.1× | 10 |
| WRLD | $820M | 25.6× | — | 1.4× | 3.7% | — | 5.9% | 9.9% | 3.7% | — | 31 |
Peers = companies sharing IX's sector (Miscellaneous Business Credit Institution) 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.
Cost of capital cannot be computed, so the spread is unknown.
| Fiscal year | Gross margin | Operating margin | Net margin |
|---|---|---|---|
| FY2010 | not reported | 3.2% | 4.0% |
| FY2011 | not reported | 7.6% | 6.9% |
| FY2012 | not reported | 12.9% | 8.9% |
Leverage and buybacks account for 5 points of the 6% return on equity in FY2012. The business earns 1% 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.
No material counter-signal in the checked set: ROIC vs WACC spread, 5-year spread history, gross margin trend, operating margin trend, net margin against 3 years ago, revenue growth, ROIC ex-goodwill gap.
Missing from our data, so excluded from this answer: wacc.
Converts 4.19x of reported profit into free cash flow over 3 years, with accruals negative.
Only 3 profitable years available, so the average is shorter than the five the threshold assumes.
Missing from our data, so excluded from this answer: share_based_compensation.
Leverage is not measurable this way for a bank.
Ladder as of 2026-03-31 (20-F); cash from the 2012-03-31 balance sheet; FCF from FY2012.
Balance sheet at 2012-03-31. Undrawn revolving credit is not shown: the tag is collected but not yet mapped through to the API.
Funded by deposits, so debt-weighted leverage and a WACC are not defined. Capital adequacy (CET1, LCR) is the right question and is not collected yet.
Missing from our data, so excluded from this answer: capital adequacy metrics for this archetype.
At $37.35, free cash flow must compound 13.15%/yr for 10 years. It has done 34.2%/yr over 2 years.
| Fiscal year | FCF growth | Price requires |
|---|---|---|
| FY2011 | 13.5% | 13.2% |
| FY2012 | 58.7% | 13.2% |
The cost of capital could not be computed for this company, so the requirement is solved at the published 10% default — a different rate would move it materially.
| Step | Amount | Running total |
|---|---|---|
| Net income | $1.05B | $1.05B |
| Share-based comp | not reported | not reported |
| Other non-cash & working capital | $3.00B | $4.05B |
| Operating cash flow | $4.05B | $4.05B |
| Capex | $0 | $4.05B |
| Free cash flow | $4.05B | $4.05B |
| Fiscal year | Revenue growth | Receivables growth | Gap |
|---|---|---|---|
| FY2011 | 16.4% | not reported | not reported |
| FY2012 | 1.5% | not reported | not reported |
| Fiscal year | Accruals / assets |
|---|---|
| FY2010 | -2.2 percent |
| FY2011 | -1.7 percent |
| FY2012 | -3.0 percent |