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Held by 171 of 5,944 reporting institutions (90th 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).
Insufficient data. Current ROIC on all capital: 1%. 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 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 | $88.3M 100.0% | $85.2M 100.0% | $90.4M 100.0% | $89.2M 100.0% | $75.3M 100.0% | $57.0M 100.0% | $40.7M 100.0% | $36.7M 100.0% | $25.1M 100.0% | — |
| Cost of Revenue | $9.6M 10.9% | $0 0.0% | $0 0.0% | — | — | — | — | — | — | — |
| Selling, General & Admin | $2.3M 2.7% | $2.6M 3.1% | $2.9M 3.2% | $2.7M 3.1% | $2.1M 2.8% | $2.1M 3.7% | $2.0M 4.9% | $1.8M 4.8% | $1.6M 6.4% | $1.4M |
| Total Operating Expenses | $68.3M 77.3% | $55.9M 65.6% | $56.9M 63.0% | $55.3M 62.0% | $43.6M 57.9% | $29.4M 51.5% | $21.4M 52.6% | $24.6M 67.0% | $13.7M 54.7% | — |
| Operating Income | — | — | — | — | — | — | — | — | $11.4M 45.3% | $7.1M |
| Interest Expense | $20.0M 22.7% | $21.9M 25.7% | $23.7M 26.2% | $25.7M 28.8% | $24.9M 33.0% | $20.6M 36.2% | $16.3M 40.1% | $12.1M 33.1% | $9.8M 38.9% | $6.0M |
| Other Income (Expense), net | -$6.5M -7.4% | -$16.0M -18.8% | -$18.9M -20.9% | -$29.2M -32.7% | -$28.2M -37.4% | -$22.7M -39.8% | -$17.5M -43.1% | -$9.3M -25.5% | -$11.4M -45.4% | -$6.6M |
| Pretax Income | — | — | — | — | — | — | — | — | — | $473K |
| Income Tax Expense | — | — | — | — | — | — | — | — | — | $0 |
| Net Income | $13.5M 15.3% | $13.3M 15.6% | $14.6M 16.1% | $4.7M 5.3% | $3.5M 4.6% | $4.9M 8.6% | $1.7M 4.3% | $2.6M 7.2% | -$31K -0.1% | $448K |
| Per Share | ||||||||||
| EPS (Basic) | $-0.29 | $-0.29 | $-0.28 | $-0.43 | $-0.29 | $-0.20 | — | — | — | — |
| EPS (Diluted) | $-0.29 | $-0.29 | $-0.28 | $-0.43 | $-0.29 | $-0.20 | — | — | — | — |
| Weighted Avg Shares (Basic) | 36.5M | 35.9M | 35.7M | 34.6M | 30.4M | 22.3M | — | — | — | — |
| Weighted Avg Shares (Diluted) | 36.5M | 35.9M | 35.7M | 34.6M | 30.4M | 22.3M | — | — | — | — |
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.
Is the value real, and is the business safe? Academic scores + earnings quality + solvency, from SEC filings.
5/8 of the 9 checks — 1 couldn't be scored (see above), so the score is out of the 8 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.
Cash-conversion data unavailable. 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.
Free-cash-flow coverage unavailable. Last year: $20M dividends + $0 buybacks = $20M returned.
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 much the company owes, how it's trended, and how comfortably it's serviced.
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 ~4.2% on $474M of debt.
Cash vs short-term debt unavailable.
Mostly long-term debt (balance-sheet current vs non-current split). A year-by-year maturity schedule wasn't disclosed for this issuer.
Debt, cash, interest and equity from the SEC balance sheet & income statement. Effective rate = interest ÷ average debt. 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
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.
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.
No current price collected.
No material risks flagged.
Where each multiple sits in its own 13-yr range
Dot = today · shaded = middle 50% · line = median. Lower percentile = cheaper vs its own 13-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 | — | — | — | — | — | 0.0 | 0.0 | 10.9 |
| SG&A | 4.8 | 4.9 | 3.7 | 2.8 | 3.1 | 3.2 | 3.1 | 2.7 |
| Net Income | 7.2 | 4.3 | 8.6 | 4.6 | 5.3 | 16.1 | 15.6 | 15.3 |
Green = margin-favorable vs the row's own range · red = unfavorable.
The metrics that matter, over time
A 30-second read on LAND: price, valuation, headline fundamentals, and an auto-generated scorecard from SEC filings. Flags are rule-based signals, not recommendations.