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Institutional ownership roughly stable: +0.01% change 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.
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: 13%. 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 $168M is below the $1.5B due within a year — relies on refinancing or operating cash flow. Scheduled principal only (excludes interest & revolver draws). As of 2025-12-31 (40-F).
Green ≤ 1.5× · amber ≤ 3× · red > 3× (leverage relative to cash earnings).
Coverage is adequate but not comfortable.
Cash of $168M is below short-term debt of $1.5B — 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.
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 | $15.24B 100.0% | $13.77B 100.0% | $13.27B 100.0% | $12.31B 100.0% | $13.39B 100.0% | $13.00B 100.0% | $13.26B 100.0% | $13.68B 100.0% | $13.45B 100.0% | $12.55B 100.0% |
| Cost of Revenue | $208.0M 1.4% | $217.0M 1.6% | $80.0M 0.6% | $22.0M 0.2% | $87.0M 0.6% | $0 0.0% | $365.0M 2.8% | $1.49B 10.9% | $2.38B 17.7% | $2.17B 17.3% |
| Total Operating Expenses | $8.48B 55.6% | $7.99B 58.0% | $7.38B 55.6% | $7.81B 63.4% | $10.26B 76.6% | $7.20B 55.4% | $7.47B 56.3% | $8.80B 64.3% | $10.17B 75.6% | $9.91B 79.0% |
| Operating Income | $8.04B 52.7% | $7.96B 57.8% | $5.10B 38.4% | $2.45B 19.9% | $4.06B 30.3% | $6.77B 52.1% | $6.58B 49.7% | $5.76B 42.1% | $4.68B 34.8% | $2.31B 18.4% |
| Interest Expense | $3.41B 22.4% | $3.02B 21.9% | $3.26B 24.6% | $2.59B 21.0% | $2.36B 17.6% | $2.23B 17.1% | $2.33B 17.6% | $2.27B 16.6% | $2.07B 15.4% | $2.00B 15.9% |
| Other Income (Expense), net | $205.0M 1.3% | $324.0M 2.4% | $272.0M 2.1% | $140.0M 1.1% | $190.0M 1.4% | $185.0M 1.4% | $460.0M 3.5% | -$76.0M -0.6% | $184.0M 1.4% | $103.0M 0.8% |
| Pretax Income | $5.44B 35.7% | $5.91B 42.9% | $3.30B 24.9% | $474.0M 3.9% | $2.17B 16.2% | $5.11B 39.3% | $5.19B 39.1% | $3.95B 28.9% | $3.31B 24.6% | $837.0M 6.7% |
| Income Tax Expense | $1.14B 7.5% | $922.0M 6.7% | $842.0M 6.3% | $322.0M 2.6% | $120.0M 0.9% | $194.0M 1.5% | $754.0M 5.7% | $432.0M 3.2% | -$89.0M -0.7% | $352.0M 2.8% |
| Net Income | $3.52B 23.1% | $4.70B 34.1% | $2.92B 22.0% | $748.0M 6.1% | $1.96B 14.6% | $4.62B 35.5% | $4.14B 31.2% | $3.70B 27.1% | $3.16B 23.5% | $233.0M 1.9% |
| Per Share | ||||||||||
| EPS (Basic) | $3.27 | $4.43 | $2.75 | $0.64 | $1.87 | $4.74 | $4.28 | $3.92 | $3.44 | $0.16 |
| EPS (Diluted) | $3.27 | $4.43 | $2.75 | $0.64 | $1.86 | $4.74 | $4.27 | $3.92 | $3.43 | $0.16 |
| Weighted Avg Shares (Basic) | 1.04B | 1.04B | 1.03B | 995.0M | 973.0M | 940.0M | 929.0M | 902.0M | 872.0M | 759.0M |
| Weighted Avg Shares (Diluted) | 1.04B | 1.04B | 1.03B | 996.0M | 974.0M | 940.0M | 931.0M | 903.0M | 874.0M | 760.0M |
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.
7/8 of the 9 checks — 1 couldn't be scored (see above), so the score is out of the 8 with data.
Safe > 2.99 · grey 1.81–2.99 · distress < 1.81 · book equity (no price)
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.
Cash-conversion data unavailable. Lower/negative accruals = higher quality (Sloan).
Interest coverage is thin — monitor.
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: $3.5B dividends + $0 buybacks = $3.5B returned.
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.
Top 7 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
No current price collected.
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 | 10.9 | 2.8 | 0.0 | 0.6 | 0.2 | 0.6 | 1.6 | 1.4 |
| Operating Income | 42.1 | 49.7 | 52.1 | 30.3 | 19.9 | 38.4 | 57.8 | 52.7 |
| Income Tax | 3.2 | 5.7 | 1.5 | 0.9 | 2.6 | 6.3 | 6.7 | 7.5 |
| Net Income | 27.1 | 31.2 | 35.5 | 14.6 | 6.1 | 22.0 | 34.1 | 23.1 |
Green = margin-favorable vs the row's own range · red = unfavorable.
The metrics that matter, over time
A 30-second read on TRPRF: price, valuation, headline fundamentals, and an auto-generated scorecard from SEC filings. Flags are rule-based signals, not recommendations.