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Institutional distribution: ownership decreased -1.57% quarter-over-quarter.
Data as of Q1 2026
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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 | $1.88B 100.0% | $14.20B 100.0% | $13.06B 100.0% | $9.87B 100.0% | $11.38B 100.0% | $11.65B 100.0% | $10.60B 100.0% | $7.60B 100.0% | $5.58B 100.0% | $4.34B 100.0% |
| Cost of Revenue | $1.24B 66.0% | $9.18B 64.6% | $8.54B 65.4% | $6.83B 69.2% | $5.63B 49.5% | $8.01B 68.8% | $5.61B 52.9% | $4.58B 60.4% | $4.26B 76.4% | $3.74B 86.1% |
| Cost of Products | — | — | — | — | — | — | — | — | $404.9M 7.3% | $2.89B 66.7% |
| Gross Profit | $639.0M 34.0% | $5.03B 35.4% | $4.51B 34.6% | $3.03B 30.8% | $5.75B 50.5% | $3.63B 31.2% | $4.99B 47.1% | $3.01B 39.6% | $1.32B 23.6% | $602.0M 13.9% |
| Research & Development | $85.1M 4.5% | $578.2M 4.1% | $513.3M 3.9% | $583.3M 5.9% | $549.3M 4.8% | $474.3M 4.1% | $416.0M 3.9% | $320.2M 4.2% | $235.3M 4.2% | $127.3M 2.9% |
| Selling, General & Admin | $51.7M 2.8% | $374.5M 2.6% | $387.4M 3.0% | $431.6M 4.4% | $470.7M 4.1% | $451.3M 3.9% | $412.1M 3.9% | $279.9M 3.7% | $203.6M 3.6% | $87.4M 2.0% |
| Total Operating Expenses | $411.3M 21.9% | $2.74B 19.3% | $2.63B 20.2% | $2.70B 27.4% | $2.68B 23.5% | $2.20B 18.9% | $2.37B 22.3% | $1.19B 15.7% | $844.4M 15.1% | $591.0M 13.6% |
| Interest Expense | $3.3M 0.2% | $9.0M 0.1% | $50.5M 0.4% | $55.6M 0.6% | $63.1M 0.6% | $77.5M 0.7% | $39.2M 0.4% | $23.1M 0.3% | $75.5M 1.4% | $48.3M 1.1% |
| Other Income (Expense), net | $2.8M 0.1% | $58.2M 0.4% | $7.8M 0.1% | $61.3M 0.6% | $113.5M 1.0% | $146.0M 1.3% | $82.4M 0.8% | $1.8M 0.0% | $28.0M 0.5% | -$10.8M -0.2% |
| Pretax Income | $296.8M 15.8% | $1.35B 9.5% | $1.33B 10.2% | $1.03B 10.4% | $2.77B 24.3% | $685.6M 5.9% | $2.71B 25.5% | $2.11B 27.8% | $474.6M 8.5% | -$59.7M -1.4% |
| Income Tax Expense | $57.0M 3.0% | $253.3M 1.8% | $260.8M 2.0% | $202.6M 2.1% | $435.4M 3.8% | $90.6M 0.8% | $412.0M 3.9% | $132.2M 1.7% | $234.2M 4.2% | $58.3M 1.3% |
| Net Income | $239.8M 12.8% | $1.10B 7.7% | $1.07B 8.2% | $825.9M 8.4% | $2.33B 20.5% | $91.2M 0.8% | $2.29B 21.6% | $1.98B 26.0% | $240.4M 4.3% | -$117.9M -2.7% |
| Per Share | ||||||||||
| EPS (Basic) | — | — | — | — | — | — | — | — | $0.23 | $-2.01 |
| EPS (Diluted) | $4.72 | $3.24 | $3.17 | $2.21 | $5.73 | $1.56 | $6.14 | $5.45 | $0.18 | $-2.01 |
| Weighted Avg Shares (Basic) | 338.9M | 331.4M | 328.5M | 348.0M | 368.5M | 364.7M | 355.6M | 337.9M | 113.6M | 110.6M |
| Weighted Avg Shares (Diluted) | 355.1M | 339.3M | 359.8M | 392.8M | 415.0M | 411.2M | 375.8M | 362.8M | 140.9M | 110.6M |
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.
Solve the discounted cash flow backwards, then stress-test the assumptions.
To be worth $1.48 today, the market must believe free cash flow compounds -60.0%/yr for a decade (off $1.3B normalized FCF).
The market's -60.0% is more conservative than its 9-yr track record.
2-stage DCF · 0.16B shares (market data) · net debt -$47M
mean 15.0% · volatility σ 186% · implied rate exceeded in 3/6 yrs
Central path = implied -60.0%/yr growth; shaded band = ±1σ (186%) 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.
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.
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 12% of free cash flow, leaving room to grow it and fund buybacks. Last year: $55M dividends + $29M buybacks = $84M returned on $466M 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.
How management deployed cash over 10 years — and what it earned on reinvestment.
A reinvestment story — most cash went back into growth rather than to shareholders.
Insufficient data. Current ROIC on all capital: 12%. 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.
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How much the company owes, how it's trended, and how comfortably it's serviced.
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 ~1.2% on $261M of debt.
Cash of $308M fully covers short-term debt of $180M.
Mostly short-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.
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 |
| LX | $244M | 0.3× | — | 0.1× | -86.8% | 34.0% | 12.8% | 14.0% | 12.2% | — | 94 |
Peers = companies sharing LX'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.
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.
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 9-yr range · 0th pct blended
Dot = today · shaded = middle 50% · line = median. Lower percentile = cheaper vs its own 9-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 | 60.4 | 52.9 | 68.8 | 49.5 | 69.2 | 65.4 | 64.6 | 66.0 |
| Gross Profit | 39.6 | 47.1 | 31.2 | 50.5 | 30.8 | 34.6 | 35.4 | 34.0 |
| R&D | 4.2 | 3.9 | 4.1 | 4.8 | 5.9 | 3.9 | 4.1 | 4.5 |
| SG&A | 3.7 | 3.9 | 3.9 | 4.1 | 4.4 | 3.0 | 2.6 | 2.8 |
| Income Tax | 1.7 | 3.9 | 0.8 | 3.8 | 2.1 | 2.0 | 1.8 | 3.0 |
| Net Income | 26.0 | 21.6 | 0.8 | 20.5 | 8.4 | 8.2 | 7.7 | 12.8 |
Green = margin-favorable vs the row's own range · red = unfavorable.
The metrics that matter, over time
A 30-second read on LX: price, valuation, headline fundamentals, and an auto-generated scorecard from SEC filings. Flags are rule-based signals, not recommendations.