Loading institutional data...
Loading institutional data...
Held by 1,421 of 5,944 reporting institutions (99th percentile) — extremely crowded.
Data as of Q1 2026
Loading snapshot...
Loading financials...
Loading valuation...
Loading quality & risk...
Loading dividends & returns...
Loading capital allocation...
Loading debt & leverage...
Loading performance...
Loading peer comparison...
Loading ownership map...
Loading crowding analysis...
Loading conviction analysis...
Loading buy/sell flow...
Loading ownership trends...
Loading top holders...
Loading top holders...
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
Solve the discounted cash flow backwards, then stress-test the assumptions.
To be worth $474.13 today, the market must believe free cash flow compounds 17.1%/yr for a decade (off $2.2B normalized FCF).
The market's 17.1% is more optimistic than its 9-yr track record.
2-stage DCF · 0.17B shares · net debt $8.0B
mean 15.3% · volatility σ 29% · implied rate exceeded in 4/9 yrs
Central path = implied 17.1%/yr growth; shaded band = ±1σ (29%) 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.
EOD close · as of 2026-09-14
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 | $11.68B 100.0% | $10.82B 100.0% | $9.98B 100.0% | $9.11B 100.0% | $8.17B 100.0% | $7.41B 100.0% | $7.89B 100.0% | $7.34B 100.0% | $6.38B 100.0% | $6.04B 100.0% |
| Cost of Revenue | $5.65B 48.3% | $5.30B 49.0% | $5.01B 50.2% | $4.88B 53.6% | $4.13B 50.6% | $3.81B 51.3% | $3.96B 50.2% | $3.86B 52.6% | $3.36B 52.6% | $3.17B 52.5% |
| Cost of Products | — | — | — | — | — | — | — | — | $1.69B 26.4% | $1.65B 27.3% |
| Cost of Services | — | — | — | — | — | — | — | — | $1.67B 26.2% | $1.52B 25.2% |
| Gross Profit | $6.04B 51.7% | $5.51B 51.0% | $4.97B 49.8% | $4.23B 46.4% | $4.04B 49.4% | $3.61B 48.7% | $3.93B 49.8% | $3.48B 47.4% | $3.02B 47.4% | $2.87B 47.5% |
| Research & Development | $970.0M 8.3% | $917.0M 8.5% | $858.0M 8.6% | $779.0M 8.5% | $734.0M 9.0% | $686.0M 9.3% | $687.0M 8.7% | $637.0M 8.7% | $568.0M 8.9% | $553.0M 9.2% |
| Selling, General & Admin | $1.87B 16.0% | $1.75B 16.2% | $1.56B 15.6% | $1.45B 15.9% | $1.35B 16.6% | $1.29B 17.4% | $1.40B 17.8% | $1.25B 17.1% | $1.02B 16.1% | $1.04B 17.3% |
| Operating Income | $2.99B 25.6% | $2.69B 24.8% | $2.29B 23.0% | $1.66B 18.2% | $1.67B 20.4% | $1.38B 18.7% | $1.58B 20.0% | $1.25B 17.1% | $1.28B 20.1% | $1.05B 17.4% |
| Interest Expense | $360.0M 3.1% | $295.0M 2.7% | $249.0M 2.5% | $240.0M 2.6% | $215.0M 2.6% | $233.0M 3.1% | $237.0M 3.0% | $240.0M 3.3% | $215.0M 3.4% | $225.0M 3.7% |
| Other Income (Expense), net | -$176.0M -1.5% | -$716.0M -6.6% | -$148.0M -1.5% | -$146.0M -1.6% | -$115.0M -1.4% | -$209.0M -2.8% | -$580.0M -7.4% | -$153.0M -2.1% | -$208.0M -3.3% | -$204.0M -3.4% |
| Pretax Income | $2.81B 24.1% | $1.97B 18.2% | $2.15B 21.5% | $1.51B 16.6% | $1.55B 19.0% | $1.17B 15.8% | $1.00B 12.7% | $1.10B 15.0% | $1.08B 16.9% | $844.0M 14.0% |
| Income Tax Expense | $652.0M 5.6% | $390.0M 3.6% | $432.0M 4.3% | $148.0M 1.6% | $302.0M 3.7% | $221.0M 3.0% | $130.0M 1.6% | $133.0M 1.8% | $1.23B 19.2% | $282.0M 4.7% |
| Net Income | $2.15B 18.4% | $1.58B 14.6% | $1.71B 17.1% | $1.36B 15.0% | $1.25B 15.2% | $949.0M 12.8% | $868.0M 11.0% | $966.0M 13.2% | -$155.0M -2.4% | $560.0M 9.3% |
| Per Share | ||||||||||
| EPS (Basic) | $12.93 | $9.45 | $10.23 | $8.14 | $7.36 | $5.58 | $5.21 | $5.95 | $-0.95 | $3.30 |
| EPS (Diluted) | $12.75 | $9.23 | $9.93 | $7.93 | $7.17 | $5.45 | $4.95 | $5.62 | $-0.95 | $3.24 |
| Weighted Avg Shares (Basic) | 166.6M | 166.8M | 167.0M | 167.5M | 169.2M | 170.0M | 166.6M | 162.4M | 162.9M | 169.6M |
| Weighted Avg Shares (Diluted) | 169.0M | 170.8M | 172.1M | 171.9M | 173.6M | 174.1M | 175.6M | 172.0M | 162.9M | 173.1M |
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.
Insufficient balance-sheet detail (needs retained earnings, working capital, equity).
Eight indices comparing this year to last (receivables, margins, asset quality, growth, accruals, leverage). Above −1.78 suggests possible manipulation; below −2.22 is clean.
A screen, not proof — high growth alone can raise it.
Earnings are backed by cash (FCF ≥ net income) — high quality. Lower/negative accruals = higher quality (Sloan).
Comfortably covers interest; leverage rising year-over-year.
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 28% of free cash flow, leaving room to grow it and fund buybacks. Last year: $728M dividends + $1.2B buybacks = $1.9B returned on $2.6B FCF.
9 consecutive years of dividend increases · 11%/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 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: 19%. 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 the $750M due within a year 1.6× over. Scheduled principal only (excludes interest & revolver draws). As of 2025-12-31 (10-K).
Green ≤ 1.5× · amber ≤ 3× · red > 3× (leverage relative to cash earnings).
Interest is easily covered by operating profit. Effective rate ~3.9% on $9.2B of debt.
Cash of $1.2B fully covers short-term debt of $749M.
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.
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 2026-09-14
Nothing notable to watch.
No material risks flagged.
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
High operating leverage: profit moved 1.4× as fast as sales — great in an upturn, painful in a downturn.
Each line as % of revenue — the trend in color
| % of revenue | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|
| Cost of Revenue | 52.6 | 50.2 | 51.3 | 50.6 | 53.6 | 50.2 | 49.0 | 48.3 |
| Gross Profit | 47.4 | 49.8 | 48.7 | 49.4 | 46.4 | 49.8 | 51.0 | 51.7 |
| R&D | 8.7 | 8.7 | 9.3 | 9.0 | 8.5 | 8.6 | 8.5 | 8.3 |
| SG&A | 17.1 | 17.8 | 17.4 | 16.6 | 15.9 | 15.6 | 16.2 | 16.0 |
| Operating Income | 17.1 | 20.0 | 18.7 | 20.4 | 18.2 | 23.0 | 24.8 | 25.6 |
| Income Tax | 1.8 | 1.6 | 3.0 | 3.7 | 1.6 | 4.3 | 3.6 | 5.6 |
| Net Income | 13.2 | 11.0 | 12.8 | 15.2 | 15.0 | 17.1 | 14.6 | 18.4 |
Green = margin-favorable vs the row's own range · red = unfavorable.
The metrics that matter, over time
A 30-second read on MSI: price, valuation, headline fundamentals, and an auto-generated scorecard from SEC filings. Flags are rule-based signals, not recommendations.
Ranked against 743 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| TSM | $11.24T | — | — | — | — | — | — | — | — | — | 3,121 |
| NVDA | $5.31T | 44.5× | 39.8× | 24.6× | 65.5% | 71.1% | 55.6% | 76.3% | 72.4% | 0.1× | 5,582 |
| AAPL | $4.91T | 44.5× | 34.3× | 11.8× | 6.4% | 46.9% | 26.9% | 152% | 68.1% | 0.6× | 5,858 |
| MSFT | $3.68T | 27.6× | 19.5× | 11.1× | 17.8% | 67.9% | 40.3% | 30.2% | 27.7% | 0.2× | 5,944 |
| AVGO | $1.72T | 75.9× | 67.7× | 26.9× | 23.9% | 67.8% | 36.2% | 28.4% | 15.8% | 2.5× | 4,442 |
| MU | $1.09T | 128.5× | 60.5× | 29.3× | 48.9% | 39.8% | 22.8% | 15.8% | 12.9% | 0.7× | 2,894 |
| AMD | $841.3B | 194.8× | 199.1× | 24.3× | 34.3% | 49.5% | 12.5% | 6.9% | 6.5% | 0.8× | 3,059 |
| INTC | $514.1B | — | 64.0× | 9.7× | -0.5% | 34.8% | -0.5% | -0.2% | -0.2% | 5.5× | 2,495 |
| CSCO | $444.0B | 44.0× | 37.2× | 7.8× | 5.3% | 64.9% | 18.0% | 21.7% | 13.6% | 2.3× | 3,560 |
| PLTR | $399.9B | 265.4× | 276.7× | 89.3× | 56.2% | 82.4% | 36.3% | 22.0% | 22.0% | — | 2,883 |
| LRCX | $378.4B | 71.9× | 60.4× | 20.5× | 23.7% | 48.7% | 29.1% | 54.3% | 37.4% | 0.7× | 2,500 |
| DELL | $369.9B | 65.4× | 34.9× | 3.3× | 18.8% | 20.0% | 5.2% | -240% | 20.4% | 2.8× | 1,564 |
| AMAT | $362.0B | 52.7× | 41.6× | 12.8× | 4.4% | 48.7% | 24.7% | 34.3% | 25.9% | 0.8× | 2,826 |
| RPAY | $304.6B | — | — | 984.9× | -1.2% | 75.0% | -83.0% | -53.0% | -28.2% | -1.7× | 142 |
| UMC | $284.4B | — | — | — | — | — | — | — | — | — | 302 |
| ARM | $281.8B | 311.5× | 242.8× | 57.3× | 22.8% | 97.5% | 18.4% | 10.9% | 10.9% | — | 730 |
| SAP | $253.5B | — | — | — | — | — | — | — | — | — | 794 |
| ANET | $250.8B | 72.6× | 63.3× | 27.9× | 28.6% | 64.1% | 39.0% | 28.4% | 28.4% | — | 1,930 |
| TXN | $244.2B | 49.3× | 32.1× | 13.8× | 13.0% | 57.0% | 28.3% | 30.7% | 16.5% | 1.8× | 2,345 |
| SNDK | $238.5B | — | — | 32.4× | 10.4% | 30.1% | -22.3% | -17.8% | -14.8% | -1.5× | 1,127 |
| CRM | $230.1B | 31.8× | 24.9× | 5.5× | 9.6% | 77.7% | 18.0% | 12.6% | 10.1% | 1.5× | 2,547 |
| IBM | $228.0B | 21.8× | — | 3.4× | 7.6% | 58.2% | 15.7% | 32.4% | 11.3% | — | 3,351 |
| PANW | $220.9B | 206.7× | 137.8× | 23.9× | 14.9% | 73.4% | 12.3% | 14.5% | 14.5% | — | 2,374 |
| MRVL | $200.0B | 76.9× | 130.7× | 24.4× | 42.1% | 51.0% | 32.6% | 18.7% | 14.2% | 2.9× | 1,477 |
| QCOM | $195.4B | 36.3× | 14.7× | 4.4× | 13.7% | 55.4% | 12.5% | 26.1% | 15.4% | 1.1× | 2,611 |
| MSI | $77.2B | 36.6× | 25.0× | 6.6× | 8.0% | 51.7% | 18.4% | 89.4% | 18.6% | 2.7× | 1,421 |
Peers = companies sharing MSI'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.