What’s in the conviction list: Amazon, Huntington, Occidental, Burlington, Johnson Control. What’s out: Tyson, ConocoPhillips, Golar, Loar, Air Products & Chemicals
APD Air Products & Chemicals, Inc.
XNYS 299.59 DelayedStock quote, options chain, IV rank, technicals, AI analysis, and institutional ownership. Iron condor setups Expected move IV rank history Fibonacci levels Insider trading
Market data may be delayed, incomplete, or inaccurate. Not a recommendation to buy, sell, or hold any security. Verify quotes with your broker before trading. See Terms §17.
APD
$299.59
—
Key stats
$299.59
- 52-Week Range
- $229.11 – $314.87
- YTD
- +19.61%
- IV Rank (30D)
- 67.69
- Straddle Price
- $20.80
- P/C Vol Ratio
- 0.05
- Market Cap
- $66.0B
- Open
- $296.60
- Day Range
- $294.17 – $301.54
- Volume
- 1,216,549
- Prev Close
- $296.60
Fair Value
MODEL: NEUTRAL
A blended fair-value estimate combining up to six valuation methods. Each method is weighted by how well it fits the company — DCF down-weights for unprofitable names; DDM only fires for steady dividend payers; comparables down-weight when peer multiples disagree.
- DCF (quality-aware) — projects free cash flow with a horizon that scales to business quality. True compounders (quality 6/6) get 10 years explicit + 10 years fade before terminal; cyclical/struggling names (quality 0-1) get a 5-year terminal cliff. Quality is scored from ROE, gross margin, growth, FCF margin, debt load, and FCF consistency — the same factors that drive market premium for compounders.
- Market-Implied Growth (in Model Inputs) — reverse-DCF that answers "what growth rate is the market pricing in?". Lets you sanity-check the deviation: if implied growth is plausible for the business, the model's bearish flag may be wrong; if implausible, the market may be over-extrapolating.
- DDM (Gordon Growth Dividend Model) — values the stream of future dividends. Only used when trailing yield ≥ 2% and dividend payments are stable — below that the dividend is a token payout and Gordon (which values only the dividend stream) systematically underprices growth names, so those route to DCF + comparables + market anchor instead.
- P/E, EV/EBITDA, P/B, P/S — applies the peer-group median multiple to this company's per-share metric. Peers come from the same set as the "Related symbols" card. Earnings/sales metrics are forward-tilted by the company's recent revenue growth (capped at 25%) so they're comparable to peers' growth-embedded multiples — mimics how analysts use NTM rather than TTM. Per-multiple weights are biased by company quality (e.g. P/B down-weighted for asset-light tech).
- Market Anchor (SMA50) — the 50-day moving average, weighted by recent trading-range stability (tighter Bollinger bands → higher weight). Captures information fundamentals miss (forward consensus, sentiment, supply/demand) — but only when recent trading is steady enough that the market has converged on a view. During wild breakouts or breakdowns the anchor's weight collapses.
- Options Expected (B-L 30d) — the risk-neutral expected stock price at 30-day options expiration, derived from the full implied-volatility surface via Breeden-Litzenberger (second derivative of call price wrt strike → implied PDF, then E[S_T]). Forward-looking, captures all options-implied information (smile, skew, term structure) in one number. Weighted by chain liquidity. SP500-only at present (pre-computed daily). Backtest evidence: adds modest alpha across most bucket × holding combos.
- Blended value — weighted average. Confidence reflects how many methods fired and how tight peer dispersion is.
- Deviation pill — green when blended FV ≥ 10% above current price (undervalued); red when ≥ 10% below; grey otherwise.
| 10-yr Treasury (rf) | 5.21% |
| Beta vs SPY | 0.81 |
| Cost of Equity (CAPM) | 9.28% (VRP-adj) |
| WACC | 8.45% |
| Volatility Risk Premium | +27.3pp (IV − HV30) |
| Effective Tax Rate | 21.4% |
| Rev. Growth (YoY, DCF input) | +4.9% |
| DCF Horizon | 5 years explicit + fade |
| Forward Tilt (NTM/TTM) | ×1.05 (applied to P/E, EV/EBITDA, P/S) |
| Free Cash Flow (TTM) | $-0.3B |
| Return on Equity (TTM) | -0.3% |
| Book / Price | 27.5% |
| Gross Margin (TTM) | 32.0% |
| FCF Margin (TTM) | -2.4% |
| Debt / Equity | 0.95 |
| Quality Score | 1/6 — cyclical/struggling (5y DCF) |
| SMA 50 | $293.86 (Market Anchor value) |
| SMA 20 / Bollinger Mid | $282.60 |
| Bollinger Width / SMA20 | 2.8% (drives anchor stability) |
| Net Debt | $16.3B |
| Market Cap | $66B |
Peers used for multiples: FCX, IFF, LIN, NEM, NUE, PPG, STLD, VMC
60-Day Conviction
27%
20-Day Fair Value
≈ by Nov 16, 2026
$303.61
α +1.3%
rank 5%
conviction
72%
40-Day Fair Value
≈ by Dec 15, 2026
$306.14
α +2.2%
rank 8%
conviction
65%
60-Day Fair Value
≈ by Jan 13, 2027
$301.51
α +0.6%
rank 7%
conviction
27%
| Method | Implied Price | Weight | Detail |
|---|---|---|---|
| DCF | n/a | 0% | |
| DDM (Gordon) | $174.36 | 16% | |
| Peer P/E | $246.42 | 5% | median 24.9× · 8 peers |
| Peer EV/EBITDA | $220.74 | 6% | median 13.5× · 8 peers |
| Peer P/B | $286.68 | 8% | median 3.5× · 8 peers |
| Peer P/S | $180.47 | 8% | median 3.1× · 8 peers |
| Market Anchor (SMA50) | $293.86 | 39% | stability 100% (BB-width) |
| Options Expected (B-L 30d) | $296.48 | 20% | 29 strikes · skew -0.91 |
As of 2026-10-16 · updated
Related
About
- Industry (SIC)
- INDUSTRIAL INORGANIC CHEMICALS (2810) · industry map
- Exchange
- XNYS
- Market Cap
- $66.0B
- Employees
- 21,300
- List Date
- 1961-11-13
- CIK
- 0000002969
- Next Earnings
- 2026-11-05 (Pre-Market)
- EPS Forecast
- $3.60 (7 est.)
- Headquarters
- Allentown, PA
- Homepage
- https://www.airproducts.com
Since its founding in 1940, Air Products has become one of the leading industrial gas suppliers globally, with operations in 50 countries and 19,000 employees. The company is the world's largest supplier of hydrogen and helium. It has a unique portfolio serving customers across industries, including chemicals, energy, healthcare, metals, and electronics. Air Products generated roughly $12 billion in revenue in fiscal 2025.
Summary
—
composite
—
No summary data available for this symbol yet.
Each spoke is this symbol's rank within its sector (0–100; the dotted ring marks the sector median at 50). Higher is more constructive for a long. One spoke — News sentiment — is an absolute reading, not a sector rank. Grayed spokes have no data. A fuller shape is a summary, not a recommendation.
Chart
Seasonality
| Month | '21 | '22 | '23 | '24 | '25 | '26 | Avg |
|---|---|---|---|---|---|---|---|
| Jan | -0.54% | -4.63% | 4.55% | -6.49% | 18.35% | 8.80% | 3.34% |
| Feb | -4.96% | -16.98% | -10.11% | -9.83% | -6.48% | 1.73% | -7.77% |
| Mar | 7.71% | 8.41% | -0.37% | 2.66% | -5.06% | 5.09% | 3.07% |
| Apr | 1.26% | -5.99% | 1.84% | -2.91% | -7.62% | 3.67% | -1.62% |
| May | 3.26% | 4.57% | -9.13% | 12.30% | 2.48% | -7.46% | 1.00% |
| Jun | -4.91% | -1.24% | 9.65% | -4.75% | 1.21% | 5.12% | 0.85% |
| Jul | 0.77% | 2.26% | 2.78% | 6.68% | 0.84% | -2.72% | 1.77% |
| Aug | -6.66% | 2.10% | -2.29% | -3.00% | 4.39% | 5.64% | 0.03% |
| Sep | -4.91% | -6.91% | -4.91% | 8.19% | -6.66% | -8.87% | -4.01% |
| Oct | 16.46% | 5.06% | 1.20% | 6.55% | -9.72% | 9.61%* | 4.86% |
| Nov | -3.54% | 23.02% | -4.54% | 8.12% | 9.06% | -- | 6.42% |
| Dec | 6.78% | -1.21% | 0.43% | -13.58% | -5.31% | -- | -2.58% |
| Total | 8.61% | 3.42% | -11.97% | 0.20% | -7.77% | 20.41% | 2.15% |
Technical Indicators
Quick-reference for reading the values below. Indicators combine to confirm a view — no single one is a trade signal on its own.
Trend Indicators
- SMA 20 / 50 / 200 — price above = uptrend, below = downtrend. SMA 50 crossing SMA 200 is the golden/death cross.
- EMA 12 / 26 — faster-reacting averages; 12 above 26 is short-term bullish.
- MACD — bullish when MACD > signal (green badge), bearish when below. Divergence from price often precedes reversals.
- ADX (14) — trend strength regardless of direction. <20 range, 20–25 weak trend, 25–50 trend, >50 strong trend.
- +DI / −DI — +DI > −DI favors bulls; the reverse favors bears. Read alongside ADX.
Momentum Oscillators
- RSI (14) — <30 oversold, >70 overbought. 40–60 is neutral; trending names can stay extreme.
- Stochastic %K / %D — <20 oversold, >80 overbought. %K crossing %D is an early momentum signal.
- Williams %R — inverted scale: <−80 oversold, >−20 overbought.
Oscillators work best in range-bound markets; in strong trends they give premature reversal signals.
Volume & Volatility
- Bollinger Bands — price at upper band = overbought, lower = oversold. Narrow bands (squeeze) often precede expansion.
- OBV — cumulative volume; rising OBV confirms uptrend, falling OBV confirms downtrend. Divergence from price is a warning.
- Vol SMA 20 / Vol ROC — today's volume vs. 20-day average. Positive ROC with price move = conviction.
- ATR / True Range — average daily $ move; sizing and stop-loss reference.
- HV 20 / 30 / 60 — realized (historical) volatility. Compare to IV on the options cards: IV > HV = rich premium.
Confluence matters: trend + momentum + volume agreeing carries far more weight than any single indicator. For how these feed the spread scanner score, see the algorithm docs →
Trend Indicators
SMA 20: $283.37
SMA 50: $293.85
SMA 200: $287.71
Current: $299.59
EMA 12: $287.94
EMA 26: $287.59
MACD: 0.3549 | Signal: 2.9382
BEARISH
ADX (14): 21.98
WEAK TREND
+DI: 35.66
−DI: 21.04
Momentum Oscillators
RSI (14): 65.31
NEUTRAL
Stoch %K: 97.31
Stoch %D: 94.56
Williams %R: -5.69
Volume & Volatility
BB Upper: $296.66
BB Lower: $270.08
OVERBOUGHT
OBV: 4,718,711
Vol SMA 20: 1,090,338
Vol ROC: 19.82%
ATR: $5.53
True Range: $7.37
HV 20: 20.0%
HV 30: 18.9%
HV 60: 19.1%
Data Summary
Data Points: 500
Last Updated:
Date Range: 2024-10-18T00:00:00 – 2026-10-16T00:00:00
AI Analysis
LLM Stock Analysis Report
SYMBOL: APD
Executive Summary Overall Assessment: NEUTRAL with confidence level (6/10)
Key Drivers:
- Strong technical momentum signals from MACD and RSI
- Bullish trend indicators, including rising SMAs and EMAs
- Recent news headlines highlighting positive industry trends
Primary Risks:
- Low volatility may lead to decreased market participation
- Options market suggests moderate expected move
Investment Thesis: APD's technical strength and industry tailwinds make it an attractive investment opportunity. However, the stock's low volatility may limit its upside potential.
Recent News Sentiment Impact: The positive sentiment from recent news headlines contributes to APD's bullish trend momentum.
Technical Analysis
- Trend Direction: Short-term: Bullish, Medium-term: Bullish, Long-term: Neutral
- Support/Resistance Levels:
- Upper Bollinger Band: $309.19 (resistance)
- Middle Bollinger Band: $298.41 (support)
- Lower Bollinger Band: $287.63 (support)
- Momentum Signals:
- RSI interpretation: Neutral (61.19), not overbought or oversold
- MACD signal: Bullish, suggesting continuation of upward trend
- Bollinger Bands position: Neutral, with price trending above the middle band
- Volume Analysis: Volume trends suggest moderate institutional interest, with a volume rate of change indicating decreased buying pressure.
News & Sentiment Analysis
- Recent Headlines Summary: Positive news headlines highlight industry growth and demand for APD's products.
- Sentiment Assessment: Positive sentiment dominates recent news headlines (4/5).
- Catalyst Identification: Upcoming catalysts include the semiconductor and healthcare industries' increasing demands for noble gases.
Risk & Volatility Assessment
- Beta Interpretation: Low risk, with a beta of 0.20 relative to SPY.
- Volatility Regime: Low volatility regime, with average true range (ATR) indicating $6.81.
- Options Market Signals:
- IV rank: Medium (38.4%)
- Current IV: 60.8%
- Expected move: $17.20 (35 DTE)
- Downside Protection: Support levels include the lower Bollinger Band ($287.63) and previous lows.
Market Context & Positioning
- Sector Performance: APD's sector, industrial gases, performs relatively well.
- Institutional Activity: Moderate institutional interest suggests a neutral sentiment.
- Correlation Analysis: APD shows low correlation with the market (R-squared: 0.09).
- Relative Valuation: APD trades within its trading range.
Key Levels & Action Items
- Critical Price Levels: Support/resistance at $298.41 and $309.19, respectively.
- Breakout/Breakdown Levels: Technical levels that could trigger significant moves include the upper Bollinger Band ($309.19) and previous highs.
- Time-Sensitive Catalysts: Upcoming catalysts include industry demand growth and earnings reports.
- Risk Management: Stop-loss levels should be set around $287.63, with position sizing considerations.
Analysis Guidelines
The analysis will focus on referencing specific data values and trends to provide an objective assessment of APD's stock performance. The report will highlight both bullish and bearish cases, while noting potential risks and catalysts that could impact the stock's price movement.
Generated
News
All APD news →
Earnings History
13 of 23 under expected move
Avg Expected Move
5.44%
Avg Actual Move
4.63%
| Earnings Date | Timing | Expected Move | Actual Move | Ratio | Outcome |
|---|---|---|---|---|---|
| 2021-02-04 | Pre-Market | 5.53% | 7.19% | 1.30x | Exceeded |
| 2021-05-10 | Pre-Market | 3.89% | 1.03% | 0.26x | Within |
| 2021-08-09 | Pre-Market | 4.06% | 5.18% | 1.28x | Exceeded |
| 2021-11-04 | Pre-Market | 4.17% | 0.30% | 0.07x | Within |
| 2022-02-04 | Pre-Market | 4.81% | 6.34% | 1.32x | Exceeded |
| 2022-05-05 | Pre-Market | 5.80% | 4.65% | 0.80x | Within |
| 2022-08-04 | Pre-Market | 5.21% | 4.89% | 0.94x | Within |
| 2022-11-03 | Pre-Market | 4.57% | 7.69% | 1.68x | Exceeded |
| 2023-02-02 | Pre-Market | 5.43% | 7.11% | 1.31x | Exceeded |
| 2023-05-09 | Pre-Market | 4.92% | 5.29% | 1.08x | Exceeded |
| 2023-08-03 | Pre-Market | 5.30% | 5.85% | 1.10x | Exceeded |
| 2023-11-07 | Pre-Market | 5.49% | 12.65% | 2.30x | Exceeded |
| 2024-02-05 | Pre-Market | 6.04% | 15.55% | 2.57x | Exceeded |
| 2024-04-30 | Pre-Market | 7.33% | 0.75% | 0.10x | Within |
| 2024-08-01 | Pre-Market | 7.13% | 8.95% | 1.26x | Exceeded |
| 2024-11-07 | Pre-Market | 5.93% | 1.99% | 0.34x | Within |
| 2025-01-14 | After-Close | 2.04% | 0.34% | 0.17x | Within |
| 2025-05-01 | Pre-Market | 6.88% | 0.39% | 0.06x | Within |
| 2025-07-31 | Pre-Market | 5.84% | 0.78% | 0.13x | Within |
| 2025-11-06 | After-Close | 4.62% | 0.37% | 0.08x | Within |
| 2026-01-30 | Pre-Market | 6.54% | 6.44% | 0.98x | Within |
| 2026-04-30 | Pre-Market | 6.48% | 0.81% | 0.12x | Within |
| 2026-07-30 | Pre-Market | 7.00% | 2.02% | 0.29x | Within |
Earnings calendar: this week’s reports with expected vs actual moves →
APD Options Activity & IV Rank
APD IV rank history, 52-week IV rank and IV percentile →
Volatility Metrics
Current IV: 28.3%
7-DTE IV: —
Expected Move: $20.80
7-DTE Move: $1.82
Days to Exp: 35 (2026-11-20)
Options Flow
Call Volume: 576
Put Volume: 31
P/C Volume: 0.054
BULLISH
Call OI: 909
Put OI: 463
P/C OI: 0.509
Total OI: 1,372
ATM Options Pricing
ATM Call: $10.10
ATM Put: $10.70
Call %: 3.4%
Put %: 3.6%
Chain Summary
Chain Volume: 2,329
Chain OI: 19,841
Last Updated: 10/16/2026
Spread Scanner GPU
Each spread is ranked by a composite score built in three stages. Full documentation →
Stage 1 — Base Score (GPU scanner)
score = P(profit) × (credit / spread_width)
P(profit) from short leg delta (1 − |delta|), penalised above 85%. Credit uses mid-price to handle illiquid chains fairly.
Stage 2 — Skew Adjustment (±25% cap)
RR and BF (30-delta) from the persisted per-symbol skew snapshot — wing strikes picked by real greeks.delta, not a moneyness proxy. Put skew boosts bull puts, penalises bear calls. High butterfly boosts iron condors. Calendars are skew-neutral.
Stage 3 — Technical Overlay (±50% cap, 5 groups)
Group 1 · Directional Bias (±0.25)
- RSI <40 bullish / >60 bearish
- MACD crossover + histogram trend
- Price vs SMA 50 & SMA 200
Group 2 · Momentum (±0.10)
- Stochastic %K <20 / >80
- Williams %R <−80 / >−20
Group 3 · Volatility (up to −0.25 / +0.15)
- Blended ATR + straddle expected-move penalty
- Bollinger Band signal (+ counter-trend penalty)
- BB width — vol contraction boost for ICs
Group 4 · IV Regime (±0.15)
- IV rank ≥ 75 → strong boost for credit spreads
- IV rank < 25 → penalty (selling cheap vol)
Group 5 · Liquidity (penalty up to −0.10)
- Min open interest across all legs
- OI < 100 → −0.10 · OI < 500 → −0.05
score = base_score × skew_multiplier × tech_multiplier
Both multipliers are shown per spread. Beta is informational only — ATR already captures realized vol. Full algorithm documentation →
Enter a ticker to scan for optimal spread opportunities.
Evaluates all bull put, bear call, iron condor, and calendar spread combinations using GPU-accelerated analysis.
Dealer Positioning
TYPICAL γ
Estimated net dealer gamma is at the 43rd percentile of this name's own daily history, within its typical range. This describes current positioning; it is not a forecast or a trading signal.
Gamma percentile
43%
vs own history
GEX tilt
+0.51
OI-weighted, today
Vanna tilt
+0.77
δ-sensitivity to IV
Charm tilt
-0.81
δ-decay vs time
Vanna tilt +0.77: the estimated dealer exposure leans positive, so the modeled hedge would shift noticeably if implied volatility changed.
Charm tilt -0.81: the estimated dealer exposure leans negative, so the modeled hedge would shift noticeably as time passes and options approach expiry.
? What is this?
· 38 ATM contracts, 9k total OI
Net dealer gamma is an estimate of the aggregate gamma held by options market makers across this name's option chain, weighted by open interest. Dealer positions aren't public, so it uses a standard simplifying assumption: dealers are treated as long the calls and short the puts that are open. Actual dealer books can differ.
Gamma percentile ranks today's estimate against this name's own daily history, from 0% (the lowest reading on record) to 100% (the highest). Raw gamma scales with how much open interest a chain carries, so it isn't comparable across names; the percentile is. The badge marks the bottom 20% as low and the top 20% as high.
Tilts run from −1 to +1 and show how lopsided the estimated dealer exposure is. GEX tilt compares call gamma with put gamma. Vanna tilt describes how the hedge would shift if implied volatility changed, and charm tilt how it would shift with the passage of time.
This card describes estimated positioning and where it sits historically. It is not a forecast of price direction or volatility and not a trading signal. Market-wide view: Dealer positioning screener.
Skew (Wing IV − ATM IV)
DTE:
Wing Δ:
Wing vs ATM
IV(put wing) − IV(ATM), in vol pointsHow much the OTM put trades above (or below) the at-the-money strike. Measures the height of the put-side tail relative to ATM — i.e. how expensive crash insurance is on this name.
- Positive (typical) — wing IV > ATM IV. Standard equity put skew: portfolios bid up crash protection, so OTM puts trade richer than ATM.
- Near zero or negative (unusual) — wing IV ≤ ATM IV. Flat or inverted put side. Common when there's no fear demand, in tightly mean-reverting names, or right after an earnings catalyst clears.
- Percentile vs own 3-yr history: high = wings rich (good time to sell wing premium); low = wings cheap (good time to buy protection).
- Not directional — high or low wings don't predict up or down moves. It's a price tag on tail insurance, not a forecast.
Risk Reversal
IV(call wing) − IV(put wing), equal delta on each sideWhich side of the smile is the market paying up for? Measures the tilt of the surface — call skew vs put skew at matched deltas.
- Negative (typical) — puts richer than calls. Standard equity behavior: hedging demand makes puts carry a premium. Most large-caps sit in the −1 to −5 vol-point range.
- Strongly negative (< −5 pts) — heavy downside hedging, elevated fear, or an upcoming catalyst (earnings, FDA, macro event). Worth flagging.
- Positive — calls richer than puts. Unusual for equities; signals bullish momentum, short-squeeze positioning, or takeover/M&A speculation.
- Near zero — symmetric surface. Market sees roughly equal up/down risk. Rare for large-caps; more common in commodities and FX.
Reading them together
Wing-vs-ATM tells you how expensive the tails are. Risk Reversal tells you which side is favored. Combined:
- High wing percentile + deeply negative RR → strong put bid; stress or major event priced in. Owning protection costs a premium; selling put premium is dangerous.
- Low wing percentile + near-zero RR → complacency; insurance cheap and balanced. Good environment to add cheap downside hedges.
- Positive RR + elevated wings → call-side fear-of-missing-out; common in squeeze setups. Upside calls expensive, downside puts not bid.
14 DTE / 10d
—
—
pts
EXTREME
No data
30 DTE / 10d
70%
+8.4
pts
EXTREME
ATM 28.2% / Wing 36.6%
Extreme reading.
Historically these have been contrarian — on the small set of observed earnings-day cases, large negative wing-vs-ATM gaps (calls pricing much richer than puts at the same delta) preceded sharp drops in the underlying within 1-12 days. Not financial advice and the dataset is small.
Percentile is the rank of today's reading within ~3 years of this symbol's own history. High percentile = wings are rich relative to history; not a directional signal. Skew is read off the chain in real time, not from CBOE SKEW.
Volatility Surface
Enter a ticker to render the implied volatility surface.
Volatility Smile
Enter a ticker to render the implied volatility smile.
IV Rank (7 DTE)
IV Rank (30 DTE)67.7MediumOct 16
Straddle Price (30 DTE)$20.80Oct 16
Beta Analysis
Risk Metrics
Beta: 0.0894
Alpha: 18.94%
Correlation: 0.0434
R-Squared: 0.2%
Stock Volatility: 26.2%
Market Volatility: 12.7%
Analysis Details
Benchmark: SPY
Data Points: 251
Period: 252 trading days
Data Points: 251
Period: 252 trading days
Interpretation:
Low volatility - stock moves less than market
Low volatility - stock moves less than market
Beta & Alpha Over Time
Notable investors who own APD
7 of 37 tracked investors
| Investor | Value | Share of their portfolio | Rank | Q/Q shares | Source |
|---|---|---|---|---|---|
| Viking Global Hedge fund Andreas Halvorsen | $1.39B | #3 of 90 | +15.5% | 13F | |
| Millennium Management Hedge fund Izzy Englander | $221.8M | #111 of 3716 | +42.1% | 13F | |
| Citadel Hedge fund Ken Griffin | $135.8M | #307 of 6285 | -54.4% | 13F | |
| Markel Group Holding company Tom Gayner | $25.9M | #81 of 130 | +17.2% | 13F | |
| Rockefeller Capital Management Family office Rockefeller family | $17.5M | #526 of 4729 | +5.8% | 13F | |
| Renaissance Technologies Hedge fund Jim Simons | $12.9M | #918 of 3138 | new | 13F | |
| Point72 Hedge fund Steve Cohen | $9.3M | #782 of 1945 | -94.5% | 13F |
Hedge funds, activists, holding companies and family offices we track, from their latest 13F (quarter-end value) and Form 4 filings in the last 3 years. Family offices · all institutions
APD Institutional Ownership (13F)
Latest filings — 2026-09-30
? 13F Guide
Diluted shares outstanding: 222,850,000 (as of 2026-03-31)
Institutional managers with $100M+ AUM file Form 13F-HR quarterly, due 45 days after quarter end. Holdings are reported gross at quarter-end market value — they are a snapshot, not a real-time position.
- Shares — long equity positions in this name, aggregated across share classes.
- Calls / Puts — notional value of long call / put exposure where this ticker is the underlying.
- % of Float — holder's reported shares divided by the latest diluted shares outstanding. Sums above 100% indicate large custodian / prime broker positions where the same shares are reported by multiple filers.
- Custodian badge — filers with more than 5,000 holdings are typically broker-dealers / custodians reporting customer-held shares, not active managers.
Each filer is counted once at its latest 13F-HR filing. New filings are ingested on a weekly cadence.
30 filers$588.48M notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | UBS Group AG Custodian | $224.47M | 38.14% | 2026-06-30 |
| 2 | Susquehanna International Group, LLP Custodian | $87.28M | 14.83% | 2026-06-30 |
| 3 | Citadel Advisors LLC Custodian | $65.79M | 11.18% | 2026-06-30 |
| 4 | Millennium Management LLC Custodian | $47.03M | 7.99% | 2026-06-30 |
| 5 | IMC-Chicago, LLC Custodian | $27.06M | 4.60% | 2026-06-30 |
| 6 | Jane Street Group, LLC Custodian | $22.34M | 3.80% | 2026-06-30 |
| 7 | PEAK6 LLC | $19.00M | 3.23% | 2026-06-30 |
| 8 | Alphadyne Asset Management LP | $18.06M | 3.07% | 2026-06-30 |
| 9 | Cubist Systematic Strategies, LLC | $17.29M | 2.94% | 2025-09-30 |
| 10 | Wolverine Trading, LLC Custodian | $7.93M | 1.35% | 2025-09-30 |
| 11 | Allianz Asset Management GmbH | $7.51M | 1.28% | 2026-06-30 |
| 12 | LMR Partners LLP | $7.09M | 1.21% | 2026-06-30 |
| 13 | Simplex Trading, LLC Custodian | $6.42M | 1.09% | 2026-06-30 |
| 14 | Parallax Volatility Advisers, L.P. | $6.07M | 1.03% | 2026-06-30 |
| 15 | Citigroup Inc. Custodian | $5.86M | 1.00% | 2026-06-30 |
| 16 | Tidal Investments LLC | $2.94M | 0.50% | 2026-06-30 |
| 17 | D. E. Shaw & Co., Inc. Custodian | $2.93M | 0.50% | 2026-06-30 |
| 18 | GROUP ONE TRADING LLC Custodian | $1.96M | 0.33% | 2026-06-30 |
| 19 | Twin Tree Management, LP | $1.85M | 0.31% | 2026-06-30 |
| 20 | Point72 Asset Management, L.P. | $1.64M | 0.28% | 2026-06-30 |
| 21 | Vontobel Holding Ltd. | $1.61M | 0.27% | 2026-06-30 |
| 22 | TUDOR INVESTMENT CORP ET AL | $1.50M | 0.25% | 2026-06-30 |
| 23 | Verition Fund Management LLC | $1.26M | 0.21% | 2026-06-30 |
| 24 | Walleye Capital LLC | $996.81K | 0.17% | 2026-06-30 |
| 25 | READYSTATE ASSET MANAGEMENT LP | $820.90K | 0.14% | 2026-06-30 |
30 filers$386.63M notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | Yaupon Capital Management LP | $73.30M | 18.96% | 2026-06-30 |
| 2 | Millennium Management LLC Custodian | $65.12M | 16.84% | 2026-06-30 |
| 3 | Susquehanna International Group, LLP Custodian | $51.48M | 13.32% | 2026-06-30 |
| 4 | Citadel Advisors LLC Custodian | $35.59M | 9.21% | 2026-06-30 |
| 5 | Jane Street Group, LLC Custodian | $34.24M | 8.86% | 2026-06-30 |
| 6 | UBS Group AG Custodian | $16.15M | 4.18% | 2026-06-30 |
| 7 | IMC-Chicago, LLC Custodian | $15.45M | 4.00% | 2026-06-30 |
| 8 | Goldman Sachs Group Inc Custodian | $14.66M | 3.79% | 2026-06-30 |
| 9 | SCOPUS ASSET MANAGEMENT, L.P. | $14.66M | 3.79% | 2026-06-30 |
| 10 | Alphadyne Asset Management LP | $11.49M | 2.97% | 2026-06-30 |
| 11 | Allianz Asset Management GmbH | $10.20M | 2.64% | 2026-06-30 |
| 12 | JPMorgan Chase & Co Custodian | $10.18M | 2.63% | 2026-06-30 |
| 13 | Cubist Systematic Strategies, LLC | $7.66M | 1.98% | 2025-09-30 |
| 14 | Citigroup Inc. Custodian | $5.86M | 1.52% | 2026-06-30 |
| 15 | Wolverine Trading, LLC Custodian | $4.79M | 1.24% | 2025-09-30 |
| 16 | Simplex Trading, LLC Custodian | $3.46M | 0.89% | 2026-06-30 |
| 17 | Walleye Trading LLC | $3.40M | 0.88% | 2026-06-30 |
| 18 | D. E. Shaw & Co., Inc. Custodian | $2.93M | 0.76% | 2026-06-30 |
| 19 | CAPSTONE INVESTMENT ADVISORS, LLC | $1.20M | 0.31% | 2026-06-30 |
| 20 | GROUP ONE TRADING LLC Custodian | $1.08M | 0.28% | 2026-06-30 |
| 21 | Point72 Asset Management, L.P. | $938.18K | 0.24% | 2026-06-30 |
| 22 | SIG BROKERAGE, LP | $938.18K | 0.24% | 2026-06-30 |
| 23 | READYSTATE ASSET MANAGEMENT LP | $674.31K | 0.17% | 2026-06-30 |
| 24 | Capula Management Ltd | $381.13K | 0.10% | 2026-06-30 |
| 25 | HSBC Holdings plc Custodian | $354.00K | 0.09% | 2026-06-30 |
APD Insider Trading (Form 4)
Latest: 2026-10-01Form 4 filings — insider beneficial-ownership changes by officers, directors, and 10%+ holders. Filed within 2 business days of transaction.
| Filed | Reporter | Role | Action | Shares | Avg Price | Net $ | Link |
|---|---|---|---|---|---|---|---|
| 2026-10-01 | Dennis H Reilley | Director | Grant (A) | +17 RSU | — | EDGAR | |
| 2026-10-01 | Wayne Thomas Smith | Director | Grant (A) | +33 RSU | — | EDGAR | |
| 2026-10-01 | Howard I Ungerleider | Director | Grant (A) | +6 RSU | — | EDGAR | |
| 2026-10-01 | Andrew W Evans | Director | Grant (A) | +8 RSU | — | EDGAR | |
| 2026-10-01 | Jessica Graziano | Director | Grant (A) | +170 RSU | — | EDGAR | |
| 2026-10-01 | Alfred Stern | Director | Grant (A) | +99 RSU | — | EDGAR | |
| 2026-10-01 | Bhavesh V. Patel | Director | Grant (A) | +138 RSU | — | EDGAR | |
| 2026-10-01 | Tonit M Calaway | Director | Grant (A) | +20 RSU | — | EDGAR | |
| 2026-09-11 | Matthew Lepore | EVP & General Counsel | Tax (F) | −418 | $303.62 | -$126.9K | EDGAR |
| 2026-07-02 | Tonit M Calaway | Director | Grant (A) | +20 RSU | — | EDGAR | |
| 2026-07-02 | Howard I Ungerleider | Director | Grant (A) | +6 RSU | — | EDGAR | |
| 2026-07-02 | Alfred Stern | Director | Grant (A) | +101 RSU | — | EDGAR | |
| 2026-07-02 | Jessica Graziano | Director | Grant (A) | +173 RSU | — | EDGAR | |
| 2026-07-02 | Bhavesh V. Patel | Director | Grant (A) | +141 RSU | — | EDGAR | |
| 2026-07-02 | Dennis H Reilley | Director | Grant (A) | +17 RSU | — | EDGAR |
Codes: P = open-market purchase · S = open-market sale · A = grant/award · M = option exercise · F = tax withholding at vest · G = bona-fide gift · D = disposition to issuer · J = other (described in filing footnote — typically 401(k), trust, inheritance) · W = will/inheritance. Only P / S codes carry directional signal.
APD Insider Holdings
21 insiders · @ $299.59
Officers, directors, and 10%+ owners who have filed a Form 4 in the past two years, ranked by current disclosed exposure (shares × today's price). Shares are direct + indirect (via trusts / LLCs / spouse). Excludes unvested RSU and option grants — those aren't beneficially owned until vest.
| # | Insider | Role | Shares | Disclosed Exposure | Lifetime OM Net | Filings | Last Filed |
|---|---|---|---|---|---|---|---|
| 1 | Seifi Ghasemi | Chairman, Pres. and CEO | 752,252 | $225.37M | $47.38M | 74 | 2025-01-03 |
| 2 | Eagle Advisor LLC | 93,499 | $28.01M | -$59.83M | 1 | 2026-02-13 | |
| 3 | Eduardo F Menezes | Chief Executive Officer | 30,762 | $9.22M | $0 | 2 | 2025-12-03 |
| 4 | Francesco Maione | President, Americas | 17,325 | $5.19M | -$616.9K | 4 | 2025-12-03 |
| 5 | Melissa N. Schaeffer | Exec Vice President and CFO | 14,667 | $4.39M | -$1.92M | 10 | 2026-05-04 |
| 6 | Sean D Major | Executive VP & General Counsel | 14,595 | $4.37M | -$3.31M | 13 | 2025-02-10 |
| 7 | Ivo Bols | President, Europe & Africa | 11,960 | $3.58M | -$5.65M | 3 | 2025-12-03 |
| 8 | Victoria Brifo | Exec VP, Chief HR Officer | 8,770 | $2.63M | -$1.14M | 3 | 2025-08-06 |
| 9 | Wilbur Mok | President, Equip. Businesses | 6,689 | $2.00M | -$410.6K | 3 | 2025-02-19 |
| 10 | Brian Galovich | Exec VP, CIO | 5,421 | $1.62M | -$659.7K | 2 | 2025-02-14 |
Lifetime OM Net = signed sum of open-market buys (P) and sells (S) over their career; excludes grants, tax withholdings, and dispositions to issuer. A large negative number is normal for long-tenured executives — they've sold compensation grants over many years.
APD Proposed Insider Sales (Form 144)
Latest: 2026-05-01
? Form 144 Guide
Last 30d:
0 filings
· Last 90d:
0 filings
What is Form 144? A notice of intent to sell restricted or control stock under Rule 144. Affiliates (officers, directors, 10%+ owners) and holders of restricted shares must file Form 144 when planning to sell more than 5,000 shares or $50,000 in any 3-month rolling window.
How it relates to Form 4: Form 144 is filed before the trade (up to 90 days in advance); Form 4 is filed within 2 business days after the trade executes. Not every Form 144 results in a sale — the filer may cancel or delay. Look for the corresponding Form 4 on the Insider Activity card to confirm a sale actually happened.
10b5-1 plans: Trades made under a pre-scheduled Rule 10b5-1 plan are not discretionary — they execute automatically on dates set months earlier, regardless of news. High 10b5-1 percentages mean less per-filing signal value, though cumulative selling volume still matters.
"Notice value": Aggregate market value the filer wrote into the Form 144 — i.e. the size of the planned sale, not necessarily the executed dollars. An amended notice (Form 144/A) replaces the original it amends, and cancelled notices are dropped, so neither is double-counted above. A filed value that is clearly inconsistent with the share count at the stock's price (a filer typo) shows as a dash and is left out of the totals.
Source & freshness: Sourced from public Form 144 filings. Refreshed daily; new filings typically appear here the morning after they are filed.
| Filed | Filer | Role | Shares | Notice Value | Planned Sale | Broker | Plan | Link |
|---|---|---|---|---|---|---|---|---|
| 2026-05-01 | MELISSA SCHAEFFER | Officer | 2,714 | $824.4K | 2026-05-01 | Morgan Stanley Smith Barney LLC … | — | EDGAR |
| 2026-02-12 | Mantle Ridge LP | Director | 70,175 | $20.46M | 2026-02-12 | Goldman Sachs & Co. LLC | — | EDGAR |
| 2025-11-25 | Brifo Victoria | Officer | 949 | $245.3K | 2025-11-25 | Fidelity Brokerage Services LLC | — | EDGAR |
| 2025-08-05 | Brifo Victoria | Officer | 1,359 | $397.3K | 2025-08-05 | Fidelity Brokerage Services LLC | — | EDGAR |
| 2025-03-05 | Nelson Walter L. | Officer | 589 | $181.7K | 2025-03-05 | Fidelity Brokerage Services LLC | — | EDGAR |
| 2025-02-20 | Lefevere Kurt | Officer | 1,500 | $474.3K | 2025-02-20 | Fidelity Brokerage Services LLC | — | EDGAR |
| 2025-02-20 | Cogut Charles I | Director | 8,220 | $2.58M | 2025-02-20 | The Charles Schwab Corporation | — | EDGAR |
| 2025-02-19 | EDWARD L MONSER REVOCABLE TRUST | Retired board member/no longer affiliate @ 4/25/25 | 16,138 | $5.11M | 2025-02-19 | Morgan Stanley Smith Barney LLC … | — | EDGAR |
| 2025-02-18 | Brifo Victoria | Officer | 2,362 | $745.9K | 2025-02-18 | Fidelity Brokerage Services LLC | — | EDGAR |
| 2025-02-18 | Bols Ivo | Officer | 18,000 | $5.66M | 2025-02-18 | Fidelity Brokerage Services LLC | — | EDGAR |
Notice value is the aggregate market value the filer states they intend to sell — not a confirmed transaction. Compare to Insider Activity (Form 4) to see which planned sales actually executed. Market-wide feed: Planned sales (Form 144).
Recent SEC Filings
Latest: 2026-04-30
Current reports — material events the company must disclose within 4 business days (earnings releases, M&A, executive changes, etc.).
| Filing Date | Accession | Link |
|---|---|---|
| 2026-04-30 | 0000002969-26-000018 | EDGAR |
| 2026-01-30 | 0000002969-26-000006 | EDGAR |
| 2026-01-29 | 0001193125-26-029381 | EDGAR |
| 2025-11-25 | 0001193125-25-297255 | EDGAR |
| 2025-11-06 | 0000002969-25-000051 | EDGAR |
| 2025-08-20 | 0001193125-25-183782 | EDGAR |
| 2025-07-31 | 0000002969-25-000042 | EDGAR |
| 2025-07-08 | 0001193125-25-156605 | EDGAR |
| 2025-06-11 | 0001193125-25-139014 | EDGAR |
| 2025-05-01 | 0000002969-25-000025 | EDGAR |
Annual report — audited financial statements, MD&A, risk factors. Filed 60–90 days after fiscal year-end.
| Filing Date | Accession | Link |
|---|---|---|
| 2025-11-20 | 0000002969-25-000055 | EDGAR |
| 2024-11-21 | 0000002969-24-000056 | EDGAR |
| 2023-11-16 | 0000002969-23-000047 | EDGAR |
| 2022-11-22 | 0000002969-22-000054 | EDGAR |
| 2021-11-18 | 0000002969-21-000055 | EDGAR |
| 2020-11-19 | 0000002969-20-000049 | EDGAR |
| 2019-11-26 | 0000002969-19-000051 | EDGAR |
| 2018-11-20 | 0000002969-18-000044 | EDGAR |
| 2017-11-16 | 0000002969-17-000039 | EDGAR |
| 2016-11-21 | 0001193125-16-773346 | EDGAR |
Quarterly report — unaudited financials and MD&A. Filed 40–45 days after each of the first three fiscal quarters.
| Filing Date | Accession | Link |
|---|---|---|
| 2026-04-30 | 0000002969-26-000020 | EDGAR |
| 2026-01-30 | 0000002969-26-000008 | EDGAR |
| 2025-07-31 | 0000002969-25-000044 | EDGAR |
| 2025-05-01 | 0000002969-25-000027 | EDGAR |
| 2025-02-06 | 0000002969-25-000013 | EDGAR |
| 2024-08-01 | 0000002969-24-000043 | EDGAR |
| 2024-04-30 | 0000002969-24-000026 | EDGAR |
| 2024-02-05 | 0000002969-24-000010 | EDGAR |
| 2023-08-03 | 0000002969-23-000037 | EDGAR |
| 2023-05-09 | 0000002969-23-000023 | EDGAR |
ETF Holders
272 ETFs hold APD
25 shown · $10.92B total exposure · 0.16% AUM-weighted avg weight
| # | ETF | Provider | Weight | $ Exposure | ETF AUM | As Of |
|---|---|---|---|---|---|---|
| 1 | VTI Vanguard Morningstar Total Stock Market ETF | Vanguard | 0.08% | $2.0B | — | 2026-09-30 |
| 2 | VOO Vanguard S&P 500 ETF | Vanguard | 0.09% | $1.6B | — | 2026-09-30 |
| 3 | VO Vanguard Morningstar Mid-Cap ETF | Vanguard | 0.61% | $1.3B | — | 2026-09-30 |
| 4 | IVV iShares Core S&P 500 ETF | iShares (BlackRock) | 0.10% | $867.1M | $890.0B | 2026-10-14 |
| 5 | SPY State Street® SPDR® S&P 500® ETF Trust | SPDR (State Street) | 0.10% | $798.0M | $812.7B | 2026-10-14 |
| 6 | VTV Vanguard Morningstar Value ETF | Vanguard | 0.24% | $590.2M | — | 2026-09-30 |
| 7 | VOE Vanguard Morningstar Mid-Cap Value ETF | Vanguard | 1.06% | $386.8M | — | 2026-09-30 |
| 8 | XLB State Street® Materials Select Sector SPDR® ETF | SPDR (State Street) | 4.81% | $381.7M | $7.9B | 2026-10-14 |
| 9 | VIG Vanguard Dividend Appreciation ETF | Vanguard | 0.28% | $350.5M | — | 2026-09-30 |
| 10 | CGDV Capital Group Dividend Value ETF | Capitalgroup | 0.77% | $299.6M | $39.0B | 2026-10-14 |
| 11 | VYM Vanguard High Dividend Yield ETF | Vanguard | 0.26% | $247.9M | — | 2026-09-30 |
| 12 | SDY State Street® SPDR® S&P® Dividend ETF | SPDR (State Street) | 1.07% | $226.2M | $21.1B | 2026-10-14 |
| 13 | BLCR iShares Large Cap Core Active ETF | iShares (BlackRock) | 2.30% | $223.1M | $9.7B | 2026-10-14 |
| 14 | RSP Invesco S&P 500 Equal Weight ETF | Invesco | 0.20% | $195.7M | — | 2026-10-14 |
| 15 | VAW Vanguard Materials ETF | Vanguard | 4.04% | $182.3M | — | 2026-09-30 |
| 16 | SPYM State Street® SPDR® Portfolio S&P 500® ETF | SPDR (State Street) | 0.10% | $179.1M | $183.2B | 2026-10-14 |
| 17 | NOBL ProShares S&P 500 Dividend Aristocrats ETF | ProShares | 1.43% | $163.9M | — | 2026-10-15 |
| 18 | DGRO iShares Core Dividend Growth ETF | iShares (BlackRock) | 0.35% | $153.0M | $43.8B | 2026-10-14 |
| 19 | IWD iShares Russell 1000 Value ETF | iShares (BlackRock) | 0.17% | $143.2M | $83.8B | 2026-10-14 |
| 20 | HDV iShares Core High Dividend ETF | iShares (BlackRock) | 0.79% | $122.1M | $15.4B | 2026-10-14 |
| 21 | IVE iShares S&P 500 Value ETF | iShares (BlackRock) | 0.22% | $108.2M | $49.9B | 2026-10-14 |
| 22 | GRNY Fundstrat Granny Shots US Large Cap ETF | Nport | 2.45% | $107.3M | — | 2026-04-30 |
| 23 | CGUS Capital Group Core Equity ETF | Capitalgroup | 0.86% | $105.3M | $12.2B | 2026-10-14 |
| 24 | ITOT iShares Core S&P Total U.S. Stock Market ETF | iShares (BlackRock) | 0.09% | $84.3M | $97.1B | 2026-10-14 |
| 25 | SPYV State Street® SPDR® Portfolio S&P 500® Value ETF | SPDR (State Street) | 0.22% | $80.2M | $36.7B | 2026-10-14 |
Fundamentals
Quarterly filings sourced from SEC 10-Q / 10-K reports. TTM tiles aggregate the most recent four quarters; bars show the last ~12 quarters oldest → newest.
Metrics
- Revenue — top-line sales. Look for consistent YoY growth; seasonal businesses need same-quarter comparisons (Q4 '24 vs Q4 '23).
- Net Income — bottom-line profit after all expenses. Can be volatile from one-time items; red bars = net loss.
- Diluted EPS — net income per share assuming options/converts are exercised. Direct input to the P/E ratio.
- Operating Cash Flow — cash generated from core operations, before capex and financing. Harder to manipulate than net income; growing OCF is a quality signal.
How to read the bars
- Sequential growth — quarter-over-quarter trend. Accelerating bars are a momentum signal.
- YoY growth — compare to the same quarter a year earlier to remove seasonality.
- Quality — OCF should roughly track Net Income over time. Large divergence (net income ≫ OCF) flags accruals risk.
- Margins — scan the bar ratios: Net Income / Revenue tells you margin trend without needing a separate chart.
TTM (trailing-twelve-month) smooths seasonality and is used for the P/E calculation. Filings appear 30–90 days after the period closes.
Trailing P/E
31.70
TTM Diluted EPS
$9.45
TTM Revenue
$12.46B
TTM Net Income
$2.11B
TTM Op. Cash Flow
$4.12B
Quarterly figures (12 quarters)
| Quarter | Period End | Revenue | Net Income | Diluted EPS | Op. Cash Flow |
|---|---|---|---|---|---|
| Q2 '26 | 2026-03-31 | $3.17B | $710.40M | $3.19 | $1.10B |
| Q1 '26 | 2025-12-31 | $3.10B | $678.20M | $3.04 | $900.70M |
| Q4 '25 | 2025-09-30 | $3.17B | $4.90M | $0.02 | $1.26B |
| Q3 '25 | 2025-06-30 | $3.02B | $713.80M | $3.20 | $855.80M |
| Q2 '25 | 2025-03-31 | $2.92B | $-1.73B | $-7.77 | $328.10M |
| Q1 '25 | 2024-12-31 | $2.93B | $617.40M | $2.77 | $811.70M |
| Q4 '24 | 2024-09-30 | $3.19B | $1.95B | $8.75 | $957.00M |
| Q3 '24 | 2024-06-30 | $2.99B | $696.60M | $3.13 | $1.26B |
| Q2 '24 | 2024-03-31 | $2.93B | $572.40M | $2.57 | $801.70M |
| Q1 '24 | 2023-12-31 | $3.00B | $609.30M | $2.73 | $626.60M |
| Q4 '23 | 2023-09-30 | $3.19B | $692.60M | $3.11 | $1.00B |
| Q3 '23 | 2023-06-30 | $3.03B | $595.60M | $2.67 | $845.40M |
Q2 2026 • period ending 2026-03-31 • filed 2026-04-30
Valuation
Ratios derived from TTM financials and the current market price, sampled daily. History chart shows how expensive the stock is today relative to its own recent past.
Price Multiples
- P/E — price / TTM earnings. Rough market rule: 10–15 value, 15–25 market, >30 growth/premium. Negative when earnings are negative.
- P/B — price / book value. Useful for financials and asset-heavy names; meaningless for asset-light software.
- P/S — price / TTM revenue. Useful when earnings are negative or noisy (early-stage growth).
- EV/EBITDA — capital-structure-neutral. <10 cheap, 10–15 reasonable, >20 rich. Good for comparing across leverage profiles.
- EV/Sales — like P/S but accounts for debt + cash. Compare within sector.
Profitability & Yields
- ROE — return on equity. >15% strong, >25% exceptional. Caution: high leverage inflates ROE.
- ROA — return on assets. Leverage-neutral; >5% solid, >10% exceptional.
- Div Yield — annual dividend / price. Compare to 10Y Treasury; sustained yield >6% often signals distress.
- FCF Yield — free cash flow / market cap. >5% is attractive; negative means burning cash.
Balance Sheet
- Debt/Equity — leverage. <1 conservative, >2 aggressive. Sector-dependent (utilities naturally high, tech low).
- Current Ratio — short-term liquidity. >1.5 comfortable, <1 raises short-term solvency flags.
Reading the history chart
- Compare current level to the 3-year band: near the high end = relatively expensive; near the low = relatively cheap.
- Multiples expanding while earnings are flat = sentiment-driven rally.
- Multiples compressing while earnings grow = value coming from fundamentals.
P/E
31.70
P/B
3.68
P/S
5.36
EV/EBITDA
17.95
EV/Sales
6.67
ROE
11.6%
ROA
5.1%
Div Yield
2.42%
FCF Yield
6.17%
Debt/Equity
0.95
Current Ratio
—
Market Cap
$66.76B
as of 2026-10-16
Short Interest & Float
Regulatory short-interest reports publish on a bi-weekly settlement cadence; short-volume is reported daily by the trade-reporting facilities. Float is derived from insider-ownership filings.
Metric definitions
- Short Interest — total shares currently sold short as of the settlement date. Lags real time by ~8 business days.
- SI % of Float — short interest / free float. The key crowding metric.
- Days to Cover — short interest / avg daily volume. How many full trading days it would take shorts to buy back. High DTC + catalyst = squeeze fuel.
- Short Vol Ratio — today's short-sale volume / total volume. Intraday selling pressure proxy (not the same as short interest).
- Free Float — shares available for public trading (total shares minus insider / restricted).
- Float % — free float / shares outstanding. <50% = tightly held, more prone to squeezes.
How to read the signals
- SI % of Float < 5% — typical, no particular signal.
- 5–15% — elevated; watch for catalysts (earnings, guidance, macro).
- 15–30% — heavily shorted; tight-float names in this range have produced notable squeezes historically.
- >30% — extreme; borrow is likely expensive and squeeze risk is material.
- Days to Cover > 5 combined with high SI% amplifies squeeze potential.
History chart
- Trend matters more than level. Rapidly rising short interest often precedes negative catalysts or heavy hedging.
- A sudden drop in SI after a rally may indicate a squeeze in progress.
Short interest is reported mid-month and end-of-month; short volume is daily.
Short Interest
5.07M
SI % of Float
2.32%
Days to Cover
3.64
Short Vol Ratio
56.0%
Free Float
218.56M
Float %
98.2%
Short interest 2026-09-30 • Short volume 2026-10-16 • Float 2026-07-16