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Insufficient data to determine institutional momentum.
Data as of Q1 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.
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
Is the value real, and is the business safe? Academic scores + earnings quality + solvency, from SEC filings.
4/8 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).
Interest coverage is thin — monitor; 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.
No dividend to cover. Last year: $0 dividends + $48M buybacks = $48M returned on $345M 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.
Operating income fell despite reinvestment — a warning on capital productivity. 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 $9M is below the $11M due within a year — relies on refinancing or operating cash flow. Scheduled principal only (excludes interest & revolver draws). As of 2025-12-31 (10-Q).
Green ≤ 1.5× · amber ≤ 3× · red > 3× (leverage relative to cash earnings).
Thin coverage — earnings barely cover interest. Effective rate ~8.0% on $3.2B of debt.
Cash of $9M is below short-term debt of $11M — 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.
How a revenue dollar becomes profit — FY2026
Each value shows its share of revenue below it (common-size).
| Line Item | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.16B 100.0% | $3.47B 100.0% | $4.15B 100.0% | $5.68B 100.0% | $7.95B 100.0% | $5.23B 100.0% | $7.58B 100.0% | $8.69B 100.0% | $6.95B 100.0% | $5.22B 100.0% |
| Cost of Revenue | $2.18B 69.1% | $2.51B 72.3% | $3.19B 76.7% | $4.69B 82.6% | $7.14B 89.8% | $4.49B 86.0% | $6.60B 87.1% | $7.98B 91.9% | $6.26B 90.1% | $4.74B 90.8% |
| Selling, General & Admin | $70.1M 2.2% | $55.6M 1.6% | $121.6M 2.9% | $71.5M 1.3% | $63.5M 0.8% | $70.5M 1.3% | $113.7M 1.5% | $107.4M 1.2% | $98.0M 1.4% | $100.8M 1.9% |
| Operating Income | $94.7M 3.0% | $329.4M 9.5% | $161.9M 3.9% | $244.0M 4.3% | $83.0M 1.0% | -$390.8M -7.5% | -$3.3M -0.0% | $126.7M 1.5% | $187.3M 2.7% | $226.5M 4.3% |
| Interest Expense | $257.5M 8.2% | $280.1M 8.1% | $269.8M 6.5% | $275.4M 4.9% | $271.6M 3.4% | $198.8M 3.8% | $181.2M 2.4% | $164.7M 1.9% | $199.1M 2.9% | $149.6M 2.9% |
| Other Income (Expense), net | $526K 0.0% | $4.3M 0.1% | $2.8M 0.1% | $30.4M 0.5% | $2.3M 0.0% | -$36.5M -0.7% | $1.7M 0.0% | -$30.4M -0.4% | $6.4M 0.1% | $26.4M 0.5% |
| Pretax Income | -$178.8M -5.7% | $60.1M 1.7% | -$156.3M -3.8% | $9.3M 0.2% | -$183.1M -2.3% | -$640.8M -12.3% | -$180.2M -2.4% | -$78.2M -0.9% | -$21.1M -0.3% | $117.5M 2.3% |
| Income Tax Expense | -$276K -0.0% | -$4.9M -0.1% | $1.5M 0.0% | $219K 0.0% | $971K 0.0% | -$3.4M -0.1% | $345K 0.0% | $1.2M 0.0% | $1.4M 0.0% | $1.9M 0.0% |
| Net Income | -$142.3M -4.5% | $39.4M 1.1% | -$143.8M -3.5% | $51.4M 0.9% | -$184.8M -2.3% | -$639.8M -12.2% | -$397.0M -5.2% | $360.0M 4.1% | -$70.9M -1.0% | $137.0M 2.6% |
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.
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 standout strengths flagged.
Is the profit real, and how strong is the balance sheet?
FY2026 · 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 7.9× as fast as sales — great in an upturn, painful in a downturn.
Each line as % of revenue — the trend in color
| % of revenue | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 |
|---|---|---|---|---|---|---|---|---|
| Cost of Revenue | 91.9 | 87.1 | 86.0 | 89.8 | 82.6 | 76.7 | 72.3 | 69.1 |
| SG&A | 1.2 | 1.5 | 1.3 | 0.8 | 1.3 | 2.9 | 1.6 | 2.2 |
| Operating Income | 1.5 | -0.0 | -7.5 | 1.0 | 4.3 | 3.9 | 9.5 | 3.0 |
| Income Tax | 0.0 | 0.0 | -0.1 | 0.0 | 0.0 | 0.0 | -0.1 | -0.0 |
| Net Income | 4.1 | -5.2 | -12.2 | -2.3 | 0.9 | -3.5 | 1.1 | -4.5 |
Green = margin-favorable vs the row's own range · red = unfavorable.
The metrics that matter, over time
A 30-second read on NGL: price, valuation, headline fundamentals, and an auto-generated scorecard from SEC filings. Flags are rule-based signals, not recommendations.