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Held by 1,658 of 5,944 reporting institutions (99th percentile) — extremely crowded.
Data as of Q1 2026
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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: 22%. 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.
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 $483.58 today, the market must believe free cash flow compounds 18.9%/yr for a decade (off $2.4B normalized FCF).
2-stage DCF · 0.22B shares · net debt $2.9B
mean 13.9% · volatility σ 35% · implied rate exceeded in 3/8 yrs
Central path = implied 18.9%/yr growth; shaded band = ±1σ (35%) 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.
8/8 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
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).
Comfortably covers interest; 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.
Free-cash-flow coverage unavailable. Last year: $837M dividends + $1.5B buybacks = $2.3B returned.
5 consecutive years of dividend increases · 12%/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.
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 | $21.32B 100.0% | $19.84B 100.0% | $17.68B 100.0% | $15.99B 100.0% | $14.14B 100.0% | $12.45B 100.0% | $13.08B 100.0% | $12.34B 100.0% | $14.20B 100.0% | $13.51B 100.0% |
| Cost of Revenue | — | — | — | — | — | $8.65B 69.5% | $9.09B 69.5% | $8.58B 69.5% | $9.81B 69.1% | $9.31B 68.9% |
| Research & Development | $347.6M 1.6% | $309.6M 1.6% | $252.3M 1.4% | $211.2M 1.3% | $193.5M 1.4% | $165.0M 1.3% | $174.2M 1.3% | $166.7M 1.4% | $210.8M 1.5% | $207.9M 1.5% |
| Selling, General & Admin | $3.74B 17.6% | $3.58B 18.0% | $2.96B 16.8% | $2.55B 15.9% | $2.45B 17.3% | $2.27B 18.2% | $2.32B 17.7% | $2.25B 18.2% | $2.72B 19.2% | $2.60B 19.2% |
| Operating Income | $3.97B 18.6% | $3.50B 17.6% | $2.89B 16.4% | $2.42B 15.1% | $2.02B 14.3% | $1.53B 12.3% | $1.67B 12.8% | $1.51B 12.2% | $1.67B 11.7% | $1.60B 11.9% |
| Interest Expense | $226.7M 1.1% | $238.4M 1.2% | $234.5M 1.3% | $223.5M 1.4% | $233.7M 1.7% | $248.7M 2.0% | $242.8M 1.9% | $221.0M 1.8% | $215.8M 1.5% | $221.5M 1.6% |
| Interest & Investment Income | $9.0M 0.0% | $35.9M 0.2% | $15.4M 0.1% | $9.2M 0.1% | $4.0M 0.0% | $4.5M 0.0% | $3.1M 0.0% | $6.4M 0.1% | $9.4M 0.1% | $8.0M 0.1% |
| Other Income (Expense), net | -$62.1M -0.3% | -$19.9M -0.1% | -$92.2M -0.5% | -$23.3M -0.1% | $1.1M 0.0% | $4.1M 0.0% | -$28.4M -0.2% | -$33.3M -0.3% | -$31.6M -0.2% | $359.6M 2.7% |
| Pretax Income | $3.68B 17.3% | $3.24B 16.3% | $2.57B 14.5% | $2.17B 13.6% | $1.79B 12.7% | $1.29B 10.3% | $1.40B 10.7% | $1.26B 10.2% | $1.42B 10.0% | $1.74B 12.9% |
| Income Tax Expense | $705.9M 3.3% | $627.6M 3.2% | $498.4M 2.8% | $375.9M 2.4% | $333.5M 2.4% | $296.8M 2.4% | $238.6M 1.8% | $234.9M 1.9% | $80.2M 0.6% | $281.5M 2.1% |
| Net Income | $2.92B 13.7% | $2.57B 12.9% | $2.02B 11.4% | $1.76B 11.0% | $1.42B 10.1% | $854.9M 6.9% | $1.41B 10.8% | $1.34B 10.8% | $1.30B 9.2% | $1.48B 10.9% |
| Per Share | ||||||||||
| EPS (Basic) | $13.09 | $11.35 | $8.85 | $7.55 | $5.96 | $3.56 | $5.84 | $5.41 | $5.11 | $5.70 |
| EPS (Diluted) | $12.98 | $11.24 | $8.77 | $7.48 | $5.87 | $3.52 | $5.77 | $5.35 | $5.05 | $5.65 |
| Weighted Avg Shares (Basic) | 223.0M | 226.2M | 228.6M | 232.6M | 238.7M | 240.1M | 241.6M | 247.2M | 254.9M | 259.2M |
| Weighted Avg Shares (Diluted) | 224.9M | 228.4M | 230.7M | 234.9M | 242.3M | 243.1M | 244.4M | 250.1M | 258.1M | 261.7M |
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
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 2026-08-05
Nothing notable to watch.
No material risks flagged.
Where each multiple sits in its own 14-yr range · 98th 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 1.8× 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 | 69.5 | 69.5 | 69.5 | — | — | — | — | — |
| R&D | 1.4 | 1.3 | 1.3 | 1.4 | 1.3 | 1.4 | 1.6 | 1.6 |
| SG&A | 18.2 | 17.7 | 18.2 | 17.3 | 15.9 | 16.8 | 18.0 | 17.6 |
| Operating Income | 12.2 | 12.8 | 12.3 | 14.3 | 15.1 | 16.4 | 17.6 | 18.6 |
| Income Tax | 1.9 | 1.8 | 2.4 | 2.4 | 2.4 | 2.8 | 3.2 | 3.3 |
| Net Income | 10.8 | 10.8 | 6.9 | 10.1 | 11.0 | 11.4 | 12.9 | 13.7 |
Green = margin-favorable vs the row's own range · red = unfavorable.
The metrics that matter, over time
A 30-second read on TT: price, valuation, headline fundamentals, and an auto-generated scorecard from SEC filings. Flags are rule-based signals, not recommendations.
How much the company owes, how it's trended, and how comfortably it's serviced.
Cash of $1.8B covers the $693M due within a year 2.5× 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 ~4.9% on $4.6B of debt.
Cash of $1.8B fully covers short-term debt of $693M.
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.
Ranked against 633 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 | $33.13T | — | — | — | — | — | — | — | — | — | 160 |
| CAT | $405.3B | 46.3× | 32.2× | 6.0× | 4.3% | 33.8% | 13.1% | 41.7% | 15.4% | 2.7× | 3,616 |
| GE | $399.8B | 46.8× | — | 8.7× | 18.5% | — | 19.0% | 46.6% | 22.2% | — | 3,077 |
| RTX | $298.4B | 44.8× | 21.3× | 3.4× | 9.7% | — | 7.6% | 10.3% | 10.3% | 0.0× | 3,277 |
| ABBNY | $187.8B | 50.7× | 33.5× | 5.8× | 9.5% | 34.8% | 11.9% | 28.5% | 20.4% | 0.9× | 48 |
| UNP | $175.3B | 24.7× | 16.7× | 7.2× | 1.1% | — | 29.1% | 38.7% | 14.2% | 2.6× | 2,648 |
| ETN | $173.5B | 42.8× | — | 6.3× | 10.3% | 37.6% | 14.9% | 21.0% | 13.9% | — | 2,398 |
| DE | $165.5B | 33.1× | — | 3.6× | -11.7% | — | 11.0% | 19.4% | 12.6% | — | 2,491 |
| HON | $157.6B | 33.7× | 18.9× | 4.2× | 7.8% | 36.9% | 12.6% | 34.0% | 9.8% | 3.6× | 2,694 |
| HTHIF | $153.6B | 0.7× | — | 0.0× | 3.9% | 25.2% | 2.6% | 16.6% | 7.4% | — | 2 |
| LMT | $132.3B | 26.9× | 17.0× | 1.8× | 5.6% | 10.2% | 6.7% | 74.6% | 18.4% | 2.4× | 2,807 |
| PH | $127.9B | 36.8× | 28.7× | 6.4× | -0.4% | 36.9% | 17.8% | 25.8% | 16.7% | 1.6× | 1,845 |
| HWM | $117.0B | 78.5× | 51.2× | 14.2× | 11.1% | — | 18.3% | 28.2% | 18.4% | 1.2× | 1,399 |
| ADP | $109.5B | 27.1× | — | 5.3× | 7.1% | 46.0% | 19.8% | 65.9% | 40.1% | — | 2,179 |
| TT | $107.8B | 37.3× | 26.5× | 5.1× | 7.5% | — | 13.7% | 34.0% | 22.1% | 1.1× | 1,658 |
| VRT | $106.3B | 81.5× | 50.3× | 10.4× | 27.7% | 36.3% | 13.0% | 33.8% | 19.5% | 1.4× | 1,748 |
| GD | $103.9B | 24.9× | 18.1× | 2.0× | 10.1% | — | 8.0% | 16.4% | 12.5% | 1.3× | 2,123 |
| PWR | $102.2B | 100.4× | 50.3× | 3.6× | 20.3% | 15.0% | 3.7% | 11.7% | 11.7% | 0.0× | 1,659 |
| JCI | $100.1B | 30.6× | — | 4.2× | 2.8% | 36.4% | 13.9% | 25.5% | 14.4% | — | 1,487 |
| MMM | $96.6B | 30.4× | 18.4× | 3.9× | 1.5% | 39.9% | 13.0% | 69.1% | 18.8% | 2.1× | 2,051 |
| CSX | $95.1B | 33.2× | 15.3× | 6.8× | -3.1% | — | 20.5% | 22.0% | 22.0% | — | 1,791 |
| EMR | $91.4B | 40.2× | — | 5.1× | 3.0% | 52.8% | 12.7% | 11.3% | 6.9% | — | 2,112 |
| UPS | $91.4B | 16.4× | 10.1× | 1.0× | -2.6% | — | 6.3% | 34.3% | 13.8% | 2.2× | 2,025 |
| WM | $90.4B | 33.5× | 12.7× | 3.6× | 14.2% | 40.4% | 10.7% | 27.1% | 25.3% | 0.1× | 2,262 |
| CMI | $89.7B | 31.7× | 16.9× | 2.7× | -1.3% | 25.3% | 8.8% | 23.9% | 23.9% | — | 1,877 |
Peers = companies sharing TT'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.