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Strong institutional accumulation: ownership increased +3.80% quarter-over-quarter.
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.
Solve the discounted cash flow backwards, then stress-test the assumptions.
To be worth $8.32 today, the market must believe free cash flow compounds -2.6%/yr for a decade (off $56M normalized FCF).
The market's -2.6% is more conservative than its 8-yr track record.
2-stage DCF · 0.06B shares · net debt -$6M
mean 30.7% · volatility σ 88% · implied rate exceeded in 5/8 yrs
Central path = implied -2.6%/yr growth; shaded band = ±1σ (88%) 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.
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.
Earnings are backed by cash (FCF ≥ net income) — high quality. Lower/negative accruals = higher quality (Sloan).
Interest coverage is thin — monitor; leverage falling 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 33% of free cash flow, leaving room to grow it and fund buybacks. Last year: $16M dividends + $0 buybacks = $16M returned on $49M 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 cash-return story — far more went to shareholders than back into the business (mature, low-reinvestment).
Reinvestment has been productive — operating income grew well per dollar put in. Current ROIC on all capital: 4%. 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 $103M covers all $100M of scheduled principal — no refinancing pressure. Scheduled principal only (excludes interest & revolver draws). As of 2023-12-31 (10-K/A).
Green ≤ 1.5× · amber ≤ 3× · red > 3× (leverage relative to cash earnings).
Thin coverage — earnings barely cover interest. Effective rate ~24.7% on $97M of debt.
Cash vs short-term debt unavailable.
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.
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 | $632.0M 100.0% | $536.5M 100.0% | $499.3M 100.0% | $699.7M 100.0% | $718.1M 100.0% | $382.9M 100.0% | $412.2M 100.0% | $373.0M 100.0% | $385.1M 100.0% | $238.0M 100.0% |
| Selling, General & Admin | $31.1M 4.9% | $24.6M 4.6% | $22.8M 4.6% | $20.1M 2.9% | $19.0M 2.6% | $15.9M 4.2% | $17.4M 4.2% | $16.5M 4.4% | $15.2M 3.9% | $12.8M 5.4% |
| Total Operating Expenses | $591.1M 93.5% | $488.1M 91.0% | $454.7M 91.1% | $594.2M 84.9% | $639.2M 89.0% | $363.2M 94.9% | $388.9M 94.4% | $336.9M 90.3% | $369.9M 96.1% | $225.1M 94.6% |
| Operating Income | $40.9M 6.5% | $48.4M 9.0% | $44.6M 8.9% | $105.5M 15.1% | $78.9M 11.0% | $19.7M 5.1% | $23.3M 5.6% | $36.1M 9.7% | $16.0M 4.2% | $12.9M 5.4% |
| Interest Expense | $24.0M 3.8% | $17.1M 3.2% | $17.0M 3.4% | $15.7M 2.2% | $10.3M 1.4% | $7.7M 2.0% | $9.2M 2.2% | $8.7M 2.3% | $8.0M 2.1% | $5.4M 2.3% |
| Other Income (Expense), net | -$20.8M -3.3% | -$16.7M -3.1% | -$16.1M -3.2% | -$20.0M -2.9% | -$6.5M -0.9% | -$7.0M -1.8% | -$6.2M -1.5% | -$12.1M -3.2% | -$6.9M -1.8% | -$159K -0.1% |
| Income Tax Expense | $366K 0.1% | $389K 0.1% | $417K 0.1% | $443K 0.1% | $605K 0.1% | $578K 0.2% | $458K 0.1% | $356K 0.1% | $428K 0.1% | $198K 0.1% |
| Net Income | $19.4M 3.1% | $28.9M 5.4% | $26.3M 5.3% | $79.5M 11.4% | $67.2M 9.4% | $11.4M 3.0% | $11.7M 2.8% | $17.8M 4.8% | $7.8M 2.0% | $7.5M 3.1% |
| Per Share | ||||||||||
| EPS (Basic) | $0.30 | $0.64 | $0.59 | $1.79 | $1.53 | $0.26 | $0.27 | $0.42 | $0.20 | $0.21 |
| EPS (Diluted) | $0.30 | $0.63 | $0.58 | $1.76 | $1.50 | $0.26 | $0.27 | $0.42 | $0.20 | $0.21 |
| Weighted Avg Shares (Basic) | 63.8M | 45.4M | 44.8M | 44.4M | 44.0M | 43.4M | 42.8M | 42.2M | 38.4M | 35.2M |
| Weighted Avg Shares (Diluted) | 64.7M | 46.0M | 45.5M | 45.1M | 44.8M | 43.8M | 43.3M | 42.8M | 38.9M | 35.4M |
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.
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
EOD close · as of 2026-09-14
No material risks flagged.
Where each multiple sits in its own 13-yr range · 94th pct blended
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
Profit and sales moved in opposite directions this year.
Each line as % of revenue — the trend in color
| % of revenue | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|
| SG&A | 4.4 | 4.2 | 4.2 | 2.6 | 2.9 | 4.6 | 4.6 | 4.9 |
| Operating Income | 9.7 | 5.6 | 5.1 | 11.0 | 15.1 | 8.9 | 9.0 | 6.5 |
| Income Tax | 0.1 | 0.1 | 0.2 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 |
| Net Income | 4.8 | 2.8 | 3.0 | 9.4 | 11.4 | 5.3 | 5.4 | 3.1 |
Green = margin-favorable vs the row's own range · red = unfavorable.
The metrics that matter, over time
A 30-second read on PANL: 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.
Ranked against 651 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| LTM | $29.45T | — | — | — | — | — | — | — | — | — | 160 |
| CAT | $380.9B | 43.5× | 30.4× | 5.6× | 4.3% | 33.8% | 13.1% | 41.7% | 15.4% | 2.7× | 3,616 |
| GE | $339.4B | 39.8× | — | 7.4× | 18.5% | — | 19.0% | 46.6% | 22.2% | — | 3,077 |
| RTX | $265.3B | 39.9× | 18.9× | 3.0× | 9.7% | — | 7.6% | 10.3% | 10.3% | 0.0× | 3,277 |
| BA | $213.0B | 84.9× | 42.4× | 2.4× | 34.5% | 4.8% | 2.5% | 41.0% | 3.3% | 10.0× | 2,435 |
| DE | $182.7B | 36.5× | — | 4.0× | -11.7% | — | 11.0% | 19.4% | 12.6% | — | 2,491 |
| ABBNY | $177.1B | 47.9× | 31.6× | 5.5× | 9.5% | 34.8% | 11.9% | 28.5% | 20.4% | 0.9× | 48 |
| UNP | $168.7B | 23.7× | 16.2× | 6.9× | 1.1% | — | 29.1% | 38.7% | 14.2% | 2.6× | 2,648 |
| ETN | $165.0B | 40.7× | — | 6.0× | 10.3% | 37.6% | 14.9% | 21.0% | 13.9% | — | 2,398 |
| HON | $128.6B | 27.5× | 15.8× | 3.4× | 7.8% | 36.9% | 12.6% | 34.0% | 9.8% | 3.6× | 2,694 |
| PH | $121.9B | 35.0× | 27.4× | 6.1× | -0.4% | 36.9% | 17.8% | 25.8% | 16.7% | 1.6× | 1,845 |
| LMT | $120.0B | 24.4× | 15.8× | 1.6× | 5.6% | 10.2% | 6.7% | 74.6% | 17.7% | 2.5× | 2,807 |
| ADP | $106.7B | 24.5× | — | 4.9× | 6.7% | 46.4% | 20.1% | 73.2% | 40.1% | — | 2,179 |
| TT | $98.7B | 34.1× | 24.3× | 4.6× | 7.5% | — | 13.7% | 34.0% | 22.1% | 1.1× | 1,658 |
| VRT | $98.3B | 75.4× | 46.5× | 9.6× | 27.7% | 36.3% | 13.0% | 33.8% | 19.4% | 1.4× | 1,748 |
| PWR | $97.3B | 95.7× | 48.3× | 3.4× | 20.3% | 15.0% | 3.6% | 11.5% | 10.6% | 0.4× | 1,659 |
| GD | $96.2B | 23.0× | 16.9× | 1.8× | 10.1% | — | 8.0% | 16.4% | 12.5% | 1.3× | 2,123 |
| JCI | $95.2B | 29.0× | — | 4.0× | 2.8% | 36.4% | 13.9% | 25.5% | 14.4% | — | 1,487 |
| HWM | $92.2B | 61.9× | 40.6× | 11.2× | 11.1% | — | 18.3% | 28.2% | 17.9% | 1.3× | 1,399 |
| CSX | $91.0B | 31.8× | 14.7× | 6.5× | -3.1% | — | 20.5% | 22.0% | 22.0% | — | 1,791 |
| MMM | $87.5B | 27.5× | 16.9× | 3.5× | 1.5% | 39.9% | 13.0% | 69.1% | 18.8% | 2.1× | 2,051 |
| WM | $86.0B | 31.9× | 12.1× | 3.4× | 14.2% | 40.4% | 10.7% | 27.1% | 25.3% | 0.1× | 2,262 |
| EMR | $85.7B | 37.7× | — | 4.8× | 3.0% | 52.8% | 12.7% | 11.3% | 6.9% | — | 2,112 |
| UPS | $85.1B | 15.3× | 9.5× | 1.0× | -2.6% | — | 6.3% | 34.3% | 13.8% | 2.2× | 2,025 |
| CTAS | $81.2B | 45.8× | 29.2× | 7.8× | 7.7% | 50.0% | 17.5% | 38.7% | 25.5% | 0.8× | 1,366 |
| PANL | $546M | 28.0× | 6.5× | 0.9× | 17.8% | — | 3.1% | 4.5% | 3.7% | 1.2× | 144 |
Peers = companies sharing PANL's sector (Industrials) 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.