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Data as of Q3 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.
Top 35 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.
Last reported position per insider, carried forward. Steps can be a holding disclosed for the first time rather than a trade.
| Date | Insider | What it was | Shares | Price | Value |
|---|---|---|---|---|---|
| 2026-10-15 | Insana Giovanni See Remarks | Tax withholding | 22,308 | $2.37 | $53k |
| 2026-09-22 | Anderson Joel D Chief Executive Officer | Otherindirect | 705,000 | $2.37 | $1.7m |
| 2026-09-04 | 2 co-filers Chief Financial Officer | Tax withholding | 85,318 | $2.52 | $215k |
| 2026-09-04 | Romanko Michael See Remarks |
Every row is classified by what it MEANT, not by its SEC code. A code is not a meaning: code P (“purchase”) also covers dividend reinvestment and employee stock purchase plans, and code S (“sale”) also covers 10b5-1 plan sales scheduled months earlier and option exercises sold the same day.
Across 30 days of all filings, $5.08bn of insider selling contained $3.50bn of plan sales and $0.46bn of exercise-and-sell. Only 29% was discretionary. Reading an unclassified feed badly overstates how much insiders decided.
Buys and sales are counted separately and never netted. They are different decisions by different people; a company where one officer bought while another sold is not “neutral”.
The holding line carries each insider's last reported position forward, so it shows the total held rather than a sawtooth of whoever traded that day. It covers only insiders who filed in the window.
“Filed late” counts calendar days past the two-business-day deadline with five days' grace, so a Thursday or Friday trade crossing a weekend is never flagged. It describes the company's filing discipline, not the trade.
Insider activity is descriptive. Nothing here is investment advice.
| Tax withholding |
| 90,138 |
| $2.52 |
| $227k |
| 2026-09-04 | Venezia Patrick J Chief Revenue Officer | Tax withholding | 14,948 | $2.52 | $38k |
| 2026-09-04 | Insana Giovanni See Remarks | Tax withholding | 10,688 | $2.52 | $27k |
| 2026-09-04 | 2 co-filers Chief Financial Officer | Tax withholding | 34,127 | $2.52 | $86k |
| 2026-07-09 | May Holly Chief Human Resources Officer | Open-market sale | 200,000 | $2.54 | $508k |
| 2026-07-08 | 2 co-filers Chief Human Resources Officer | Open-market sale | 150,000 | $2.55 | $383k |
| 2026-07-07 | 2 co-filers Chief Human Resources Officer | Open-market sale | 100,000 | $2.55 | $255k |
| 2026-06-30 | Yen Iris Director | Grant | 60,662 | $0.00 | $0 |
| 2026-06-30 | Murphy Glenn Director | Grant | 60,662 | $0.00 | $0 |
| 2026-06-30 | Briggs Gary S Director | Grant | 60,662 | $0.00 | $0 |
| 2026-06-30 | Breitner Cameron Director | Grant | 60,662 | $0.00 | $0 |
| 2026-06-30 | Mohan Rajendra M Director | Grant | 60,662 | $0.00 | $0 |
| 2026-05-18 | Venezia Patrick J Chief Revenue Officer | Tax withholding | 26,120 | $2.50 | $65k |
| 2026-05-01 | Anderson Joel D Chief Executive Officer | Grant | 2,861 | $2.45 | $7k |
| 2026-04-15 | Insana Giovanni See Remarks | Tax withholding | 22,308 | $2.80 | $62k |
| 2026-04-15 | 2 co-filers Chief Human Resources Officer | Tax withholding | 139,976 | $2.80 | $392k |
| 2026-04-15 | 2 co-filers Chief Human Resources Officer | Tax withholding | 41,976 | $2.80 | $118k |
| 2026-04-10 | Insana Giovanni See Remarks | Tax withholding | 1,549 | $2.84 | $4k |
| 2026-03-13 | 3 co-filers Chief Revenue Officer | Option exercise | 58,805 | $2.46 | $145k |
| 2026-03-13 | Anderson Joel D Chief Executive Officer | Otherindirect | 1,575,931 | $3.49 | $5.5m |
| 2026-03-13 | 3 co-filers Chief Revenue Officer | Exercise & sell | 102,029 | $3.42 | $349k |
| 2026-03-13 | 3 co-filers Chief Revenue Officer | Option exercise | 58,805 | $0.00 | — |
| 2026-03-04 | May Holly Chief Human Resources Officer | Tax withholding | 19,758 | $2.65 | $52k |
| 2026-03-04 | Insana Giovanni See Remarks | Tax withholding | 24,044 | $2.65 | $64k |
| 2026-03-04 | Romanko Michael See Remarks | Tax withholding | 130,194 | $2.65 | $345k |
| 2026-03-04 | Venezia Patrick J Chief Revenue Officer | Tax withholding | 32,792 | $2.65 | $87k |
| 2026-03-04 | 2 co-filers Chief Financial Officer | Tax withholding | 125,036 | $2.65 | $331k |
| 2026-03-04 | 2 co-filers Chief Financial Officer | Tax withholding | 65,548 | $2.65 | $174k |
| 2026-02-17 | 2 co-filers Chief Revenue Officer | Grant | 355,732 | $0.00 | — |
| 2026-02-17 | 2 co-filers Chief Executive Officer | Grant | 2,134,388 | $0.00 | — |
| 2026-02-17 | 2 co-filers Chief Human Resources Officer | Grant | 201,582 | $0.00 | — |
| 2026-02-17 | 2 co-filers See Remarks | Grant | 711,463 | $0.00 | — |
| 2026-02-17 | 2 co-filers Chief Financial Officer | Grant | 592,886 | $0.00 | — |
| 2026-02-17 | 2 co-filers See Remarks | Grant | 189,724 | $0.00 | — |
| 2026-02-17 | 2 co-filers Chief Human Resources Officer | Grant | 132,296 | $0.00 | — |
| 2026-02-17 | 2 co-filers See Remarks | Grant | 466,927 | $0.00 | — |
| 2026-02-17 | 2 co-filers Chief Revenue Officer | Grant | 233,464 | $0.00 | — |
Solve the discounted cash flow backwards, then stress-test the assumptions.
Average free cash flow across the last 2 positive fiscal years (FY2026, FY2026). Smooths the cycle. Stock compensation is NOT charged — it is added back inside operating cash flow.
To be worth $2.61 today, the market must believe free cash flow compounds 5.2%/yr for a decade (off $118.3M on the 3-yr avg basis).
On the basis ($76.9M) the requirement is 11.0%/yr. Shares issued to employees are added back in operating cash flow, so this basis treats them as free.
The market's 5.2% is more conservative than its 5-yr track record.
Default is 9.9% — this company's computed cost of capital (computed WACC), the same rate the Analysis tab discounts at.
2-stage DCF · 0.29B shares (market data) · net debt $1.24B
mean 32.0% · volatility σ 171% · implied rate exceeded in 2/4 yrs
Central path = implied 5.2%/yr growth; shaded band = ±1σ (171%) 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.
What the company returns to shareholders — and whether it's covered by cash.
No dividend to cover. Last year: $0 dividends + $0 buybacks = $0 returned on $187.0M 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 7 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: 0%. Rough measure (includes maintenance capex).
Cash uses aggregated from the SEC cash-flow statement over 7 fiscal years. "Return on reinvestment" is a rough proxy — operating-income change ÷ cumulative CapEx + M&A — and includes maintenance capex. Educational — not a recommendation.
EOD close · as of 2026-10-30
Where each multiple sits in its own 5-yr range · 33th pct blended
Dot = today · shaded = middle 50% · line = median. Lower percentile = cheaper vs its own 5-yr history.
Is the profit real, and how strong is the balance sheet?
FY2026 · every deduction from revenue to net income
DuPont — the three levers
ROE 1% against ROIC 0% — 0% of the return on equity comes from leverage and buybacks rather than from the operating business.
What the company owes vs. what it holds
This shows debt/cash structure and net leverage. The year-by-year maturity schedule is on the Debt & Leverage tab.
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 | FY2021 | FY2021 | FY2022 | FY2023 | FY2025 | FY2026 | FY2026 |
|---|---|---|---|---|---|---|---|
| Cost of Revenue | 57.0 | 57.2 | 58.2 | 59.8 | 62.4 | 62.0 | 61.3 |
| Gross Profit | 43.0 | 42.8 | 41.8 | 40.2 | 37.6 | 38.0 | 38.7 |
| SG&A | 40.1 | 38.9 | 37.2 | 36.5 | 37.0 | 37.9 | 36.6 |
| Operating Income | 2.5 | 4.0 | 4.6 | 3.7 | -18.9 | 0.1 | 2.0 |
| Income Tax | -0.8 | -0.1 | 0.9 | 0.6 | -0.4 | -0.1 | 0.1 |
| Net Income | -2.2 | -0.5 | 2.8 | 1.5 | -20.5 | -1.7 | 0.2 |
Green = margin-favorable vs the row's own range · red = unfavorable.
The metrics that matter, over time
A 30-second read on WOOF: price, valuation and headline fundamentals from SEC filings. The four questions at the top of the page are where the judgements live.
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).
Thin coverage — earnings barely cover interest. Effective rate ~8.8% on $1.49B of debt.
Cash vs short-term debt unavailable.
Mostly long-term debt (balance-sheet current vs non-current split). A year-by-year maturity schedule wasn't disclosed for this issuer.
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 2026-10-30
How a revenue dollar becomes profit — FY2026
Dividends and buybacks are cash paid out, shown here against the same year's profit for scale — not funded from it.
Each value shows its share of revenue below it (common-size).
| Line Item | FY2026 | FY2026 | FY2025 | FY2023 | FY2022 | FY2021 | FY2021 |
|---|---|---|---|---|---|---|---|
| Revenue | $5.96B 100.0% | $6.12B 100.0% | $6.26B 100.0% | $6.04B 100.0% | $5.81B 100.0% | $4.92B 100.0% | $4.43B 100.0% |
| Cost of Revenue | $3.66B 61.3% | $3.79B 62.0% | $3.90B 62.4% | $3.61B 59.8% | $3.38B 58.2% | $2.81B 57.2% | $2.53B 57.0% |
| Gross Profit | $2.31B 38.7% | $2.32B 38.0% | $2.35B 37.6% | $2.43B 40.2% | $2.43B 41.8% | $2.11B 42.8% | $1.91B 43.0% |
| Selling, General & Admin | $2.18B 36.6% | $2.32B 37.9% | $2.31B 37.0% | $2.20B 36.5% | $2.16B 37.2% | $1.91B 38.9% | $1.78B 40.1% |
| Operating Income | $120.4M 2.0% | $7.1M 0.1% | -$1.18B -18.9% | $225.6M 3.7% | $266.1M 4.6% | $194.4M 4.0% | $110.6M 2.5% |
| Interest Expense | $131.2M 2.2% | $143.5M 2.3% | $150.9M 2.4% | $101.6M 1.7% | $77.4M 1.3% | $219.1M 4.5% | $253.0M 5.7% |
| Interest & Investment Income | $6.3M 0.1% | $3.7M 0.1% | $3.4M 0.1% | $1.0M 0.0% | $62K 0.0% | $653K 0.0% | $335K 0.0% |
| Other Income (Expense), net | $0 0.0% | $4.8M 0.1% | $4.7M 0.1% | -$12.7M -0.2% | $34.5M 0.6% | — | — |
| Pretax Income | $15.3M 0.3% | -$109.3M -1.8% | -$1.31B -20.9% | $112.3M 1.9% | $202.4M 3.5% | -$41.6M -0.8% | -$142.1M -3.2% |
| Income Tax Expense | $6.3M 0.1% | -$7.5M -0.1% | -$27.6M -0.4% | $35.3M 0.6% | $53.5M 0.9% | -$3.3M -0.1% | -$35.7M -0.8% |
| Net Income | $9.1M 0.2% | -$101.8M -1.7% | -$1.28B -20.5% | $89.9M 1.5% | $159.8M 2.8% | -$26.5M -0.5% | -$95.9M -2.2% |
| Per Share | |||||||
| EPS (Basic) | $0.03 | -$0.37 | -$4.78 | $0.34 | $0.62 | -$0.13 | -$0.46 |
| EPS (Diluted) | $0.03 | -$0.37 | -$4.78 | $0.34 | $0.62 | -$0.13 | -$0.46 |
| Weighted Avg Shares (Basic) | 279.6M | 273.4M | 267.5M | 265.5M | 264K | 211K | 209K |
| Weighted Avg Shares (Diluted) | 286.1M | 273.4M | 267.5M | 266.0M | 265K | 211K | 209K |
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.
Ranked against 18 sector peers with collected financials. Valuation from latest close × latest fiscal-year fundamentals; 13F conviction as of 2026-09-30.
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| GRDN | $2.6B | — | 26.4× | 1.8× | 17.9% | 20.2% | 3.4% | 22.6% | 22.6% | -0.7× | 19 |
| GCT | $2.1B | 16.3× | 11.1× | 1.6× | 11.1% | 23.3% | 10.6% | 28.3% | 28.3% | -2.5× | 41 |
| EZPW | $1.7B | 19.8× | 9.8× | 1.4× | 9.7% | 58.5% | 8.6% | 10.7% | 7.1% | 0.3× | 63 |
| SBH | $1.7B | 9.6× | 5.7× | 0.5× | -0.4% | 51.6% | 5.3% | 24.7% | 11.7% | 1.7× | 51 |
| RVLV | $1.6B | 26.1× | 16.6× | 1.3× | 8.5% | 53.5% | 5.0% | 12.0% | 12.0% | -3.7× | 31 |
| REAL | $1.5B | — | 143.8× | 2.1× | 15.4% | 74.6% | -6.0% | 10.1% | 10.1% | -16.7× | 31 |
| SVV | $1.4B | 66.5× | 10.1× | 0.8× | 9.2% | — | 1.3% | 5.2% | 2.0% | 3.1× | 24 |
| SPH | $1.2B | 11.1× | 8.7× | 0.8× | 7.9% | 60.6% | 7.4% | — | — | 4.3× | 31 |
| WINA | $1.0B | 25.3× | 18.2× | 11.8× | 5.9% | 96.4% | 48.4% | -77.6% | -77.6% | -0.2× | 37 |
| WOOF | $748M | 87.0× | 6.3× | 0.1× | -2.5% | 38.7% | 0.2% | 0.8% | 0.3% | 3.9× | 29 |
| TITN | $561M | — | 23.1× | 0.2× | -10.2% | 15.8% | -2.2% | -9.4% | -7.1% | 4.9× | 19 |
| HNST | $447M | — | — | 1.2× | -1.9% | 33.3% | -4.2% | -9.2% | -9.2% | — | 26 |
| BNED | $439M | 25.9× | 9.2× | 0.3× | 6.5% | 21.4% | 1.0% | 5.7% | 4.6% | 1.1× | 16 |
| BBW | $340M | 6.9× | — | 0.6× | 6.7% | 55.8% | 9.9% | 33.7% | 33.7% | — | 23 |
| ELA | $291M | 20.0× | — | 1.2× | 33.6% | 22.4% | 6.1% | 21.8% | 19.0% | — | 16 |
| TDUP | $273M | — | — | 0.9× | 19.5% | 79.4% | -6.5% | -34.1% | -26.1% | — | 21 |
| NEGG | $206M | — | — | 0.1× | 16.9% | 11.7% | -0.3% | -3.0% | -3.0% | — | 2 |
| BZUN | $189M | — | 5.8× | 0.1× | 10.2% | 74.1% | -2.4% | -6.6% | -5.0% | 1.1× | 8 |
| DIBS | $166M | — | — | 1.9× | 1.5% | 73.0% | -15.2% | -14.6% | -14.6% | — | 9 |
Peers = companies sharing WOOF's sector (Retail-Retail Stores, NEC) 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.
Earns -7.41pts against its cost of capital — capital is being consumed, not created.
| Period | ROIC | Cost of capital | Spread |
|---|---|---|---|
| FY2021 | 13.8% | 9.9% (today's — no rate published for this year) | 3.9pts |
| FY2021 | 2.7% | 9.9% (today's — no rate published for this year) | -7.2pts |
| FY2022 | 3.6% | 4.5% | -0.9pts |
| FY2023 | 2.9% | 7.1% | -4.1pts |
| FY2025 | -19.7% | 9.3% | -29.0pts |
| FY2026 | 0.1% | 10.0% | -9.8pts |
| FY2026 | 2.2% | 10.0% | -7.8pts |
| Now | 0.3% | 9.9% | -9.6pts |
| Fiscal year | Gross margin | Operating margin | Net margin |
|---|---|---|---|
| FY2021 | 43.0% | 2.5% | -2.2% |
| FY2021 | 42.8% | 4.0% | -0.5% |
| FY2022 | 41.8% | 4.6% | 2.8% |
| FY2023 | 40.2% | 3.7% | 1.5% |
| FY2025 | 37.6% | -18.9% | -20.5% |
| FY2026 | 38.0% | 0.1% | -1.7% |
| FY2026 | 38.7% | 2.0% | 0.2% |
Return on equity (1%) and return on invested capital (0%) are within a couple of points in FY2026, so the headline return is the operating return — there is no meaningful leverage effect to strip out.
$980M of goodwill — 29% of invested capital. The gap is what was paid above the fair value of what was bought; it is real capital shareholders provided, so neither bar is the whole answer.
ROIC ex-goodwill is 3.56% against 2.52% reported — the return is earned on a capital base inflated by what was paid for acquisitions, not by the operating business alone.
Converts 7.36x of reported profit into cash — adequate, without much margin.
Reported free cash flow is $187M; after share-based compensation it is $154M. The difference is a real cost that the cash flow statement adds back.
Stressed coverage falls to 0.6x — below the level at which interest is reliably covered.
| EBITDA decline | Interest coverage |
|---|---|
| 0% | 0.92x |
| 5% | 0.87x |
| 10% | 0.83x |
| 15% | 0.78x |
| 20% | 0.73x |
| 25% | 0.69x |
| 30% | 0.64x |
| 35% | 0.60x |
| 40% | 0.55x |
| 45% | 0.50x |
| 50% | 0.46x |
| 55% | 0.41x |
| 60% | 0.37x |
Balance sheet at 2026-01-31. Undrawn revolving credit is not shown: the tag is collected but not yet mapped through to the API.
Net debt is 8.2x EBITDA, so coverage today depends on earnings holding up rather than on the balance sheet.
At $2.61, free cash flow must compound 12.29%/yr for 10 years. It has no positive compounding record to compare against.
| Fiscal year | FCF growth | Price requires |
|---|---|---|
| FY2022 | 9.2% | 12.3% |
| FY2023 | −42.9% | 12.3% |
| FY2025 | −114.5% | 12.3% |
| FY2026 | 276.3% | 12.3% |
The percentile ranks the FISCAL-YEAR point, because the distribution behind each strip is built from fiscal-year closes — ranking a TTM figure inside it would compare two different bases. TTM basis: TTM (share count from the last fiscal year — the TTM window reports none).
The implied rate has been matched or beaten in 1 of the last 4 years.
| Step | Amount | Running total |
|---|---|---|
| Net income | $9M | $9M |
| Share-based comp | $33M | $42M |
| Other non-cash & working capital | $272M | $314M |
| Operating cash flow | $314M | $314M |
| Capex | −$127M | $187M |
| Free cash flow | $187M | $187M |
| FCF after SBC | $154M | $154M |
| Fiscal year | Revenue growth | Receivables growth | Gap |
|---|---|---|---|
| FY2021 | 10.9% | not reported | not reported |
| FY2022 | 18.0% | 33.0% | 14.9 points |
| FY2023 | 3.9% | -10.9% | -14.8 points |
| FY2025 | 3.6% | -10.5% | -14.1 points |
| FY2026 | -2.2% | -8.9% | -6.7 points |
| FY2026 | -2.5% | 13.3% | 15.9 points |
| Fiscal year | DSO | DIO | DPO | Cash conversion cycle |
|---|---|---|---|---|
| FY2021 | not reported | not reported | not reported | not reported |
| FY2021 | 3.1 days | 69.9 days | 44 days | 28.9 days |
| FY2022 | 3.5 days | 72.9 days | 43.6 days | 32.8 days |
| FY2023 | 3 days | 66 days | 38.6 days | 30.4 days |
| FY2025 | 2.6 days | 64 days | 45.4 days | 21.2 days |
| FY2026 | 2.4 days | 62.9 days | 47.4 days | 17.9 days |
| FY2026 | 2.8 days | 58.9 days | 45 days | 16.7 days |
| Fiscal year | Accruals / assets |
|---|---|
| FY2021 | not reported |
| FY2021 | -4.9 percent |
| FY2022 | -3.0 percent |
| FY2023 | -3.9 percent |
| FY2025 | -27.9 percent |
| FY2026 | -5.4 percent |
| FY2026 | -5.9 percent |
Below the line, the asset base is being consumed faster than it is replaced.
Below the line for 2 consecutive years to the latest.
Depreciation here includes amortisation of acquired intangibles — goodwill written down over time, customer lists, acquired technology. Capex does not replace those and is not meant to, so an acquisitive or asset-light company sits below 1.0 permanently and correctly. The signal is cleanest for capital-intensive businesses, where the two measure the same physical base. For that reason this informs the earnings-quality verdict but never caps it.
SBC is added back inside operating cash flow, so reported free cash flow treats shares issued to employees as free. Percent of revenue says how expensive the payroll is; percent of operating cash flow says how much of the cash exists only because the charge was added back. The buyback offset is buybacks over SBC — below 1.0 the repurchase does not cover the shares issued.
Figures are the latest fiscal year (FY2026) from the company's own filings, not a trailing-twelve-month window — Q2 reads fiscal years throughout so the cash-conversion ratios and these share one basis. A blank is a line the filer did not report; it is never read as zero.