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Held by 303 of 5,944 reporting institutions (94th percentile) — extremely crowded.
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 $65.91 today, the market must believe free cash flow compounds 5.5%/yr for a decade (off $303M normalized FCF).
The market's 5.5% is more conservative than its 9-yr track record.
2-stage DCF · 0.08B shares (market data) · net debt -$124M
mean 69.7% · volatility σ 144% · implied rate exceeded in 5/9 yrs
Central path = implied 5.5%/yr growth; shaded band = ±1σ (144%) 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.
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 · 16d 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 | $1.08B 100.0% | $1.13B 100.0% | $1.10B 100.0% | $688.4M 100.0% | $438.6M 100.0% | $348.6M 100.0% | $628.4M 100.0% | $544.1M 100.0% | $341.2M 100.0% | $155.0M 100.0% |
| Cost of Revenue | $679.6M 63.0% | $693.4M 61.4% | $690.7M 63.0% | $445.9M 64.8% | — | — | — | — | — | — |
| Selling, General & Admin | $148.9M 13.8% | $130.5M 11.5% | $127.1M 11.6% | $67.7M 9.8% | $46.0M 10.5% | $39.7M 11.4% | $51.7M 8.2% | $40.5M 7.4% | $27.2M 8.0% | $19.2M 12.4% |
| Total Operating Expenses | $828.5M 76.8% | $840.2M 74.4% | $832.6M 75.9% | $513.6M 74.6% | $363.2M 82.8% | $278.5M 79.9% | $445.3M 70.9% | $366.4M 67.3% | $252.3M 74.0% | $144.4M 93.2% |
| Operating Income | $250.5M 23.2% | $289.6M 25.6% | $264.4M 24.1% | $174.7M 25.4% | $75.4M 17.2% | $70.0M 20.1% | $183.2M 29.1% | $177.7M 32.7% | $88.9M 26.0% | $10.6M 6.8% |
| Interest Expense | $695K 0.1% | $639K 0.1% | $3.8M 0.3% | $268K 0.0% | $313K 0.1% | $317K 0.1% | $315K 0.1% | $3.6M 0.7% | $20.8M 6.1% | $20.2M 13.0% |
| Interest & Investment Income | $15.3M 1.4% | $10.3M 0.9% | $3.8M 0.3% | $4.9M 0.7% | $353K 0.1% | $1.8M 0.5% | $2.4M 0.4% | $128K 0.0% | $5K 0.0% | $2K 0.0% |
| Other Income (Expense), net | -$794K -0.1% | $3.2M 0.3% | $4.5M 0.4% | -$1.9M -0.3% | $492K 0.1% | -$555K -0.2% | $4.3M 0.7% | -$4.3M -0.8% | — | $2.3M 1.5% |
| Pretax Income | $260.7M 24.2% | $299.3M 26.5% | $262.4M 23.9% | $176.6M 25.6% | $75.1M 17.1% | $70.2M 20.1% | $188.3M 30.0% | $169.8M 31.2% | $68.1M 20.0% | -$7.4M -4.8% |
| Income Tax Expense | $59.0M 5.5% | $66.5M 5.9% | $47.5M 4.3% | $31.4M 4.6% | $7.7M 1.7% | $11.0M 3.1% | $32.0M 5.1% | $19.5M 3.6% | $1.5M 0.5% | $809K 0.5% |
| Net Income | $166.0M 15.4% | $185.4M 16.4% | $169.2M 15.4% | $110.2M 16.0% | $49.6M 11.3% | $34.4M 9.9% | $85.6M 13.6% | $51.7M 9.5% | $66.5M 19.5% | -$8.2M -5.3% |
| Per Share | ||||||||||
| EPS (Basic) | — | — | — | — | — | — | — | $1.60 | — | — |
| EPS (Diluted) | — | — | — | — | — | — | $1.88 | $1.58 | — | — |
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.
4/8 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.
Earnings are backed by cash (FCF ≥ net income) — high quality. Lower/negative accruals = higher quality (Sloan).
Comfortably covers interest; leverage flat 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 15% of free cash flow, leaving room to grow it and fund buybacks. Last year: $37M dividends + $6M buybacks = $43M returned on $257M 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.
Reinvestment has been productive — operating income grew well per dollar put in. Current ROIC on all capital: 14%. 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.
Green ≤ 1.5× · amber ≤ 3× · red > 3× (leverage relative to cash earnings).
Interest is easily covered by operating profit.
Cash vs short-term debt unavailable.
Short-term / long-term split not separately reported.
Debt, cash, interest and equity from the SEC balance sheet & income statement. Effective rate = interest ÷ average debt. Educational — not a recommendation.
EOD close · as of 2026-08-05
Nothing notable to watch.
No material risks flagged.
Is the profit real, and how strong is the balance sheet?
FY2025 · every deduction from revenue to net income
DuPont — the three levers
Returns are margin-driven, not leverage-driven — higher quality.
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 3.0× 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 | — | — | — | — | 64.8 | 63.0 | 61.4 | 63.0 |
| SG&A | 7.4 | 8.2 | 11.4 | 10.5 | 9.8 | 11.6 | 11.5 | 13.8 |
| Operating Income | 32.7 | 29.1 | 20.1 | 17.2 | 25.4 | 24.1 | 25.6 | 23.2 |
| Income Tax | 3.6 | 5.1 | 3.1 | 1.7 | 4.6 | 4.3 | 5.9 | 5.5 |
| Net Income | 9.5 | 13.6 | 9.9 | 11.3 | 16.0 | 15.4 | 16.4 | 15.4 |
Green = margin-favorable vs the row's own range · red = unfavorable.
The metrics that matter, over time
A 30-second read on WHD: price, valuation, headline fundamentals, and an auto-generated scorecard from SEC filings. Flags are rule-based signals, not recommendations.
Ranked against 243 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EC | $673.9B | — | — | — | — | — | — | — | — | — | 154 |
| XOM | $633.7B | 22.6× | — | 1.9× | -5.0% | — | 8.7% | 11.1% | 10.7% | — | 4,568 |
| CVX | $344.7B | 28.1× | — | 1.8× | -6.8% | 42.8% | 6.5% | 6.6% | 6.6% | — | 4,121 |
| RYDAF | $253.5B | — | — | — | — | — | — | — | — | — | 5 |
| TTE | $187.0B | — | — | — | — | — | — | — | — | — | 951 |
| COP | $144.0B | 18.1× | — | 2.4× | 7.7% | 62.1% | 13.6% | 12.4% | 12.2% | — | 2,450 |
| STOHF | $99.4B | — | — | — | — | — | — | — | — | — | 3 |
| VLO | $93.4B | 40.0× | 17.9× | 0.8× | -5.5% | 4.4% | 1.9% | 9.9% | 7.1% | 1.7× | 1,781 |
| CNQ | $93.2B | — | — | — | — | — | — | — | — | — | 709 |
| MPC | $90.8B | 22.5× | 7.8× | 0.7× | -4.4% | 10.0% | 3.0% | 23.4% | 20.6% | 0.2× | 1,802 |
| WMB | $87.7B | 33.6× | 17.8× | 7.3× | 13.8% | — | 21.9% | 20.4% | 6.3% | 4.4× | 1,736 |
| EIPAF | $84.0B | — | — | — | — | — | — | — | — | — | 2 |
| PSX | $82.2B | 18.8× | — | 0.6× | -7.5% | 12.3% | 3.3% | 15.1% | 8.9% | — | 2,041 |
| SU | $75.0B | — | — | — | — | — | — | — | — | — | 724 |
| SLB | $74.6B | 21.2× | — | 2.1× | -1.6% | — | 9.4% | 12.9% | 9.4% | — | 1,624 |
| EOG | $72.9B | 14.7× | 7.1× | 3.2× | -4.5% | — | 22.0% | 16.7% | 13.2% | 0.7× | 1,525 |
| BKR | $61.2B | — | — | 2.2× | -0.3% | — | 9.3% | 13.7% | 10.1% | — | 1,095 |
| IMO | $60.7B | 19.3× | — | 1.3× | -8.6% | — | 6.9% | 14.7% | 12.7% | — | 394 |
| LNG | $56.0B | 10.6× | 7.4× | 2.8× | 27.2% | — | 34.0% | 85.8% | 22.1% | 2.2× | 1,303 |
| TRGP | $55.8B | 30.6× | 15.1× | 3.3× | 3.9% | 38.3% | 11.3% | 62.7% | 9.4% | 3.6× | 979 |
| OKE | $54.9B | 16.1× | 11.9× | 1.6× | 55.0% | 30.5% | 10.1% | 15.1% | 6.3% | 4.4× | 1,622 |
| FANG | $53.0B | 32.5× | 10.7× | 3.5× | 35.8% | — | 10.3% | 4.2% | 3.0% | 2.3× | 1,141 |
| CVE | $52.2B | — | — | — | — | — | — | — | — | — | 437 |
| WOPEF | $42.7B | — | — | — | — | — | — | — | — | — | 3 |
| CCJ | $41.1B | — | — | — | — | — | — | — | — | — | 970 |
| WHD | $5.3B | — | 16.4× | 4.9× | -4.5% | 37.0% | 15.4% | 13.5% | 13.5% | 0.0× | 303 |
Peers = companies sharing WHD's sector (Energy) 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