Loading institutional data...
Loading institutional data...
Held by 831 of 5,944 reporting institutions (98th 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.
Ranked against 93 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ENIC | $310.6B | — | — | — | — | — | — | — | — | — | 165 |
| NMPWP | $287.4B | — | — | — | — | — | — | — | — | — | 5 |
| GEV | $274.4B | 57.5× | 137.0× | 7.2× | 9.0% | 19.8% | 12.8% | 43.7% | 43.4% | 0.0× | 2,989 |
| CEG | $82.7B | 35.8× | 21.7× | 3.2× | 8.3% | — | 9.1% | 16.0% | 9.9% | 2.2× | 1,836 |
| AEP | $68.4B | 19.0× | 13.2× | 3.1× | 10.9% | — | 16.9% | 11.9% | 4.8% | 5.3× | 1,854 |
| D | $60.0B | 19.8× | — | 3.6× | 14.2% | — | 18.2% | 10.3% | 3.8% | — | 1,421 |
| VST | $47.5B | 64.5× | 16.9× | 2.7× | 3.0% | — | 5.3% | 18.5% | 3.9% | 4.8× | 1,246 |
| ETR | $47.2B | 27.3× | 13.4× | 3.6× | 9.0% | — | 13.7% | 10.5% | 3.9% | 5.2× | 1,224 |
| EXC | $46.8B | — | 11.5× | 1.9× | 5.3% | — | 11.4% | 9.6% | 3.6% | 5.9× | 1,230 |
| ED | $39.1B | 19.2× | — | 2.3× | 10.9% | — | 0.0% | 0.0% | 0.0% | — | 1,368 |
| PEG | $37.6B | 17.9× | — | 3.1× | 18.3% | — | 17.3% | 12.4% | 5.5% | — | 1,231 |
| WEC | $35.2B | 22.5× | 14.9× | 3.6× | 14.0% | 66.7% | 15.9% | 11.1% | 4.5% | 5.5× | 1,310 |
| AEE | $30.1B | 20.4× | — | 3.4× | 15.4% | — | 16.6% | 10.9% | 4.5% | — | 884 |
| ATO | $27.9B | 23.1× | 12.1× | 5.9× | 12.9% | — | 25.5% | 8.8% | 8.8% | — | 961 |
| FE | $27.6B | 27.1× | 7.2× | 1.8× | 12.0% | — | 6.8% | 8.2% | 7.9% | 0.1× | 894 |
| ES | $27.2B | 15.9× | 10.0× | 2.0× | 13.8% | — | 12.5% | 10.5% | 3.9% | 5.0× | 1,012 |
| CNP | $26.5B | 25.4× | 13.1× | 2.8× | 8.3% | 100.0% | 11.2% | 9.4% | 3.3% | 5.8× | 774 |
| EIX | $26.3B | 5.9× | 6.3× | 1.4× | 9.8% | — | 23.1% | 25.4% | 8.0% | 3.7× | 1,005 |
| AWK | $26.2B | 23.6× | 10.0× | 5.1× | 10.1% | — | 21.7% | 10.3% | 8.9% | 0.6× | 1,100 |
| NRG | $23.0B | 30.1× | 10.7× | 0.8× | 9.2% | — | 2.8% | 51.4% | 4.8% | 5.0× | 1,010 |
| CEPU | $21.6B | — | — | — | — | — | — | — | — | — | 52 |
| NI | $20.5B | 22.0× | 7.0× | 3.1× | 23.5% | — | 14.3% | 9.8% | 9.1% | 0.2× | 831 |
| EVRG | $19.1B | 22.7× | 13.0× | 3.2× | 2.0% | — | 14.4% | 8.4% | 3.7% | 5.3× | 872 |
| LNT | $18.1B | 22.4× | 15.2× | 4.1× | 9.6% | 85.7% | 18.6% | 11.0% | 4.4% | 5.9× | 819 |
| TLN | $15.1B | — | 112.0× | 5.8× | 22.0% | — | -8.5% | -20.0% | -2.8% | 35.9× | 551 |
Peers = companies sharing NI's sector (Utilities) 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
Solve the discounted cash flow backwards, then stress-test the assumptions.
This company doesn't have positive free cash flow, so a reverse DCF can't be run.
Is the value real, and is the business safe? Academic scores + earnings quality + solvency, from SEC filings.
6/8 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 lags reported earnings — watch accruals. 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.
Free-cash-flow coverage unavailable. Last year: $530M dividends + $0 buybacks = $530M returned on -$420M FCF.
2 consecutive years of dividend increases · 6%/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 reinvestment story — most cash went back into growth rather than to shareholders.
Modest payoff on reinvested capital. Current ROIC on all capital: 9%. 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 $110M is below the $434M due within a year — relies on refinancing or operating cash flow. Scheduled principal only (excludes interest & revolver draws). As of 2015-12-31 (10-K).
Green ≤ 1.5× · amber ≤ 3× · red > 3× (leverage relative to cash earnings).
Coverage is adequate but not comfortable. Effective rate ~86.8% on $736M of debt.
Cash of $110M is below short-term debt of $736M — relies on refinancing/operations.
Mostly short-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.
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 | $6.52B 100.0% | $5.28B 100.0% | $5.35B 100.0% | $5.74B 100.0% | $4.73B 100.0% | $4.47B 100.0% | $5.05B 100.0% | $4.99B 100.0% | $4.87B 100.0% | $4.49B 100.0% |
| Cost of Revenue | — | — | — | — | — | — | $1.53B 30.4% | $1.76B 35.3% | $1.52B 31.2% | $1.39B 30.9% |
| Gross Profit | — | — | — | — | — | — | $5.21B 103.1% | $5.11B 102.5% | $4.87B 100.0% | $4.49B 100.0% |
| Total Operating Expenses | — | — | — | — | — | — | $4.32B 85.5% | $4.99B 100.0% | $3.95B 81.1% | $3.63B 80.7% |
| Operating Income | $1.84B 28.1% | $1.46B 27.6% | $1.30B 24.2% | $1.27B 22.1% | $1.01B 21.3% | $550.8M 12.3% | $890.7M 17.6% | $124.7M 2.5% | $921.2M 18.9% | $866.1M 19.3% |
| Interest Expense | $639.0M 9.8% | $517.2M 9.8% | $489.6M 9.2% | $361.6M 6.3% | $341.1M 7.2% | $370.7M 8.3% | $378.9M 7.5% | $353.3M 7.1% | $353.2M 7.2% | $349.5M 7.8% |
| Other Income (Expense), net | -$618.9M -9.5% | -$452.7M -8.6% | -$481.6M -9.0% | -$309.4M -5.4% | -$300.3M -6.3% | -$582.1M -13.0% | -$384.1M -7.6% | -$355.3M -7.1% | -$478.2M -9.8% | -$352.5M -7.8% |
| Income Tax Expense | $203.8M 3.1% | $158.1M 3.0% | $139.5M 2.6% | $164.6M 2.9% | $117.8M 2.5% | -$17.1M -0.4% | $123.5M 2.4% | -$180.0M -3.6% | $314.5M 6.5% | $182.1M 4.1% |
| Net Income | $929.5M 14.3% | $760.4M 14.4% | $714.3M 13.4% | $804.1M 14.0% | $584.9M 12.4% | -$17.6M -0.4% | $383.1M 7.6% | -$50.6M -1.0% | $128.5M 2.6% | $331.5M 7.4% |
| Per Share | ||||||||||
| EPS (Basic) | $1.96 | $1.63 | $1.59 | $1.84 | $1.35 | $-0.19 | $0.88 | $-0.18 | $0.39 | $1.03 |
| EPS (Diluted) | $1.95 | $1.62 | $1.48 | $1.70 | $1.27 | $-0.19 | $0.87 | $-0.18 | $0.39 | $1.02 |
| Weighted Avg Shares (Basic) | 472.9M | 454.2M | 416.1M | 407.1M | 393.6M | 384.3M | 374.6M | 356.5M | 329.4M | 321.8M |
| Weighted Avg Shares (Diluted) | 474.5M | 456.0M | 447.9M | 442.7M | 417.3M | 384.3M | 376.0M | 356.5M | 330.8M | 323.5M |
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 2026-08-05
Where each multiple sits in its own 14-yr range · 88th 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
Low operating leverage — profit tracks sales closely (stable, less cyclical).
Each line as % of revenue — the trend in color
| % of revenue | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|
| Cost of Revenue | 35.3 | 30.4 | — | — | — | — | — | — |
| Gross Profit | 102.5 | 103.1 | — | — | — | — | — | — |
| Operating Income | 2.5 | 17.6 | 12.3 | 21.3 | 22.1 | 24.2 | 27.6 | 28.1 |
| Income Tax | -3.6 | 2.4 | -0.4 | 2.5 | 2.9 | 2.6 | 3.0 | 3.1 |
| Net Income | -1.0 | 7.6 | -0.4 | 12.4 | 14.0 | 13.4 | 14.4 | 14.3 |
Green = margin-favorable vs the row's own range · red = unfavorable.
The metrics that matter, over time
A 30-second read on NI: price, valuation, headline fundamentals, and an auto-generated scorecard from SEC filings. Flags are rule-based signals, not recommendations.
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.