Zacks Investment ResearchT3·2d ago
RSG Republic Services Inc.
XNYS
230.32
Delayed
Stock 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.
RSG
$230.32
—
Key stats
$230.32
- 52-Week Range
- $196.41 – $233.42
- YTD
- +9.57%
- IV Rank (30D)
- 50.56
- Straddle Price
- $11.40
- P/C Vol Ratio
- 1.88
- Market Cap
- $71.3B
- Open
- $231.94
- Day Range
- $229.23 – $232.67
- Volume
- 1,569,700
- Prev Close
- $232.98
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) | 5.09% |
| Beta vs SPY | 0.58 |
| Cost of Equity (CAPM) | 7.98% (VRP-adj) |
| WACC | 7.69% |
| Volatility Risk Premium | +31.2pp (IV − HV30) |
| Effective Tax Rate | 16.1% |
| Rev. Growth (YoY, DCF input) | -2.9% |
| DCF Horizon | 10 years explicit + fade |
| Free Cash Flow (TTM) | $2.7B |
| Return on Equity (TTM) | 18.2% |
| Book / Price | 16.5% |
| Gross Margin (TTM) | 42.0% |
| FCF Margin (TTM) | 15.9% |
| Debt / Equity | 1.11 |
| Quality Score | 3/6 — normal (10y DCF) |
| Market-Implied Growth | +10.6% (reverse-DCF on current price) |
| SMA 50 | $219.00 (Market Anchor value) |
| SMA 20 / Bollinger Mid | $217.70 |
| Bollinger Width / SMA20 | 6.4% (drives anchor stability) |
| Net Debt | $13.2B |
| Market Cap | $73B |
Peers used for multiples: CLH, DUK, GFL, LNT, NEE, SO, WCN, WM
60-Day Conviction
9%
20-Day Fair Value
≈ by Nov 19, 2026
$234.19
α +1.7%
rank 13%
conviction
82%
40-Day Fair Value
≈ by Dec 18, 2026
$234.68
α +1.9%
rank 13%
conviction
60%
60-Day Fair Value
≈ by Jan 18, 2027
$229.77
α -0.2%
rank 13%
conviction
9%
| Method | Implied Price | Weight | Detail |
|---|---|---|---|
| DCF | $78.06 | 19% | |
| DDM (Gordon) | $22.76 | 0% | |
| Peer P/E | $153.47 | 9% | median 22.1× · 7 peers |
| Peer EV/EBITDA | $229.42 | 9% | median 16.0× · 8 peers |
| Peer P/B | $127.03 | 2% | median 3.3× · 8 peers |
| Peer P/S | $196.03 | 6% | median 3.7× · 8 peers |
| Market Anchor (SMA50) | $219.00 | 38% | stability 100% (BB-width) |
| Options Expected (B-L 30d) | $236.61 | 19% | 27 strikes · skew +0.65 |
As of 2026-10-21 · updated
Related
About
- Industry (SIC)
- REFUSE SYSTEMS (4953) · industry map
- Exchange
- XNYS
- Market Cap
- $71.3B
- Employees
- 42,000
- List Date
- 1998-07-01
- CIK
- 0001060391
- Next Earnings
- 2026-10-29 (After-Close)
- EPS Forecast
- $1.92 (10 est.)
- Headquarters
- Phoenix, AZ
- Homepage
- https://www.republicservices.com
Republic Services Group is the second-largest waste management company by revenue and provides integrated waste management services to residential, commercial, and industrial customers. With 208 active landfills, 248 transfer stations, and 75 recycling centers, Republic Services has reached $16 billion in annual revenue, focusing on recycling and environmental solutions. The company reports in three segments based on the Western United States (Group 1), Eastern United States (Group 2), and Environmental Solutions across North America (Group 3). Eighty-nine percent of total revenue comes from r…
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 | -3.23% | -5.72% | -3.00% | 3.75% | 8.39% | 2.33% | 0.42% |
| Feb | -2.07% | -4.52% | 3.32% | 5.62% | 7.22% | 6.15% | 2.62% |
| Mar | 9.48% | 9.31% | 5.13% | 4.25% | 1.06% | -4.93% | 4.05% |
| Apr | 6.60% | 0.77% | 6.24% | 0.99% | 2.88% | -5.18% | 2.05% |
| May | 1.10% | 2.18% | -2.31% | -0.44% | 3.16% | -2.96% | 0.12% |
| Jun | 1.51% | -2.31% | 7.31% | 4.87% | -4.44% | 6.10% | 2.17% |
| Jul | 7.01% | 4.22% | -0.19% | 0.75% | -5.73% | -2.05% | 0.67% |
| Aug | 5.19% | 3.62% | -5.23% | 5.40% | 1.19% | 5.39% | 2.59% |
| Sep | -3.81% | -5.51% | -1.65% | -2.42% | -1.56% | -6.01% | -3.49% |
| Oct | 11.49% | -4.80% | 5.19% | -1.63% | -8.38% | 11.28%* | 2.19% |
| Nov | -0.29% | 6.18% | 8.81% | 9.93% | 5.74% | -- | 6.07% |
| Dec | 5.70% | -7.70% | 0.60% | -6.41% | -1.00% | -- | -1.76% |
| Total | 44.41% | -5.77% | 25.70% | 26.32% | 7.28% | 8.85% | 17.80% |
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: $218.56
SMA 50: $219.31
SMA 200: $215.79
Current: $230.32
EMA 12: $224.94
EMA 26: $221.22
MACD: 3.7232 | Signal: 1.9527
BULLISH
ADX (14): 27.05
TREND
+DI: 33.00
−DI: 12.34
Momentum Oscillators
RSI (14): 65.87
NEUTRAL
Stoch %K: 92.42
Stoch %D: 93.92
Williams %R: -10.52
Volume & Volatility
BB Upper: $234.60
BB Lower: $202.52
NEUTRAL
OBV: -9,860,072
Vol SMA 20: 1,197,009
Vol ROC: 22.18%
ATR: $3.81
True Range: $3.75
HV 20: 17.4%
HV 30: 17.7%
HV 60: 17.7%
Data Summary
Data Points: 500
Last Updated:
Date Range: 2024-10-23T00:00:00 – 2026-10-21T00:00:00
AI Analysis
RSG (Republic Services) - Comprehensive Stock Analysis Report
Executive Summary
Overall Assessment: BEARISH | Confidence Level: 6/10
Investment Thesis: Republic Services is displaying technical deterioration with the stock trading below its 20-day moving average amid weakening momentum and negative volume dynamics, despite positive news sentiment about AI investments and market growth. The bearish MACD crossover, extremely oversold Stochastic readings, and elevated put/call ratio suggest near-term downside pressure, though the weak trend regime (ADX 20.19) indicates conviction may be limited.
Key Drivers:
- Negative momentum: MACD bearish, RSI neutral but declining, Stochastic deeply oversold
- Volume deterioration: -38.29% volume rate of change, negative OBV accumulation
- Sentiment-technical divergence: Positive news headlines conflicting with technical breakdown
- Elevated volatility premium: IV at 248.6% above historical volatility suggests market pricing significant risk
Primary Risks:
- Deteriorating trend below moving averages
- Weak institutional demand (volume decline)
- Put-heavy options positioning (1.49 put/call volume ratio)
- Unusual negative beta correlation creating unpredictable behavior
Technical Analysis
Trend Direction
| Timeframe | Status | Analysis | |-----------|--------|----------| | Short-term (1-4 weeks) | BEARISH | Price at $212.93 trades below SMA20 ($219.34), SMA50 ($217.41), and SMA200 ($215.22). However, price remains marginally above the 200-day, preventing a full breakdown. | | Medium-term (1-3 months) | NEUTRAL-BEARISH | All simple moving averages maintain bullish alignment (SMA20 > SMA50 > SMA200), but price disconnection from the 20-day suggests momentum is waning. | | Long-term (3-12 months) | NEUTRAL | The $215.22 200-day MA represents a key support level holding recent price action. |
Support/Resistance Levels
| Level | Type | Significance | |-------|------|--------------| | $228.24 | Resistance | Bollinger Band upper; represents 7% upside to recent trading range | | $219.34 | Resistance | SMA20; psychological level where short-term downtrend began | | $217.41 | Resistance | SMA50; intermediate-term resistance if uptrend resumes | | $215.22 | Support | SMA200; critical long-term support; 1.3% below current price | | $210.44 | Support | Bollinger Band lower; represents 1.3% downside buffer |
Critical Observation: Price is sandwiched between short-term resistance (SMA20 at $219.34) and medium-term support (SMA200 at $215.22), creating a 1.9% consolidation range.
Momentum Signals
RSI (14): 38.61 - Neutral with Bearish Bias
- Reading in neutral zone (30-70) but approaching oversold (<30)
- Declining trajectory suggests momentum erosion
- No clear overbought condition yet, but proximity to oversold signals potential capitulation
MACD: -1.66 (MACD line) vs -1.23 (Signal line) - BEARISH CROSSOVER
- MACD line (-1.66) below signal line (-1.23) confirms bearish momentum
- Histogram (-0.42) negative and widening, indicating accelerating bearish pressure
- This is a primary sell signal in established downtrend confirmation
Stochastic: %K 5.57 / %D 3.70 - EXTREME OVERSOLD
- Both readings dramatically below 30 threshold indicate severe oversold conditions
- Williams %R at -89.43 confirms extreme oversold status (below -80 = deeply oversold)
- High probability of mean reversion bounce within 1-5 trading days
- This extreme reading typically precedes short-term capitulation rallies
Bollinger Bands: Neutral Signal
- Width of 8.11 indicates band squeeze (low volatility compression)
- Price near middle band ($219.34) with room to move in both directions
- Squeeze often precedes volatility expansion; next move could be significant
Volume Analysis
Critical Weakness Detected:
- Volume Rate of Change: -38.29% - Severe decline in trading activity
- Volume SMA20: 1,697,564 vs recent declining volume trend
- On-Balance Volume: -17,347,203.14 - Large negative accumulation, indicating distribution
Interpretation:
- Declining volume during downtrend confirms weakness is institutional in nature
- Lack of strong buying volume suggests institutional indifference or exit
- OBV negative accumulation pattern indicates sellers are consistently outpacing buyers
News & Sentiment Analysis
Recent Headlines Summary
| Date | Headline | Sentiment | Relevance | |------|----------|-----------|-----------| | 2026-09-18 | "Hold on to RSG Stock for Now" | POSITIVE | Recent; defensive positioning recommendation | | 2026-09-02 | "RSG Stock Rises 10% in 3 Months" | POSITIVE | Captures recent strength; historical context | | 2026-06-30 | "3 Waste Stocks Turning AI Investments into Growth" | POSITIVE | Sector tailwind; RSG as industry beneficiary | | 2026-02-20 | "Weighs Acquisitions Against FCF Headwinds" | NEUTRAL | Operational challenges; M&A concerns | | 2026-02-20 | "Textile Waste Market $13.87B by 2030" | POSITIVE | Market opportunity expansion | | 2026-02-18 | "Smart Waste Market Size $13.31B by 2035" | NEUTRAL | Industry growth; generic market commentary |
Sentiment Assessment
Overall Sentiment: POSITIVE (70% positive, 17% neutral, 0% negative)
Key Themes:
- Growth Narrative: AI integration in waste management driving sector expansion
- Market Tailwinds: Textile waste and smart waste markets expanding 2-3x over next decade
- Defensive Positioning: Latest headline recommends "holding" (suggests caution, not conviction)
- Operational Tension: Acquisition strategy vs. free cash flow headwinds noted in February
CRITICAL SENTIMENT-TECHNICAL DIVERGENCE DETECTED
Conflict Analysis:
- Positive sentiment contradicts bearish technicals: Recent news promotes industry growth and AI opportunities, yet stock is declining on weak volume
- Timing Mismatch: Latest positive headline (Sept 18) coincides with price decline into oversold territory
- Possible Explanations:
- Market repricing growth expectations lower
- Broader sector rotation or market headwinds masking positive company news
- Options market pricing ($7.88 expected move) suggests market uncertainty despite positive narratives
Catalyst Identification
| Catalyst | Timeline | Impact | |-----------|----------|--------| | Earnings Announcement | Unknown (no data provided) | DATA GAP - Critical missing catalyst | | AI Initiative Progress | Ongoing | Medium-term positive | | Acquisition Updates | Ongoing | Medium-term (positive if successful, negative if expensive) | | Market Consolidation Trends | Ongoing | Long-term structural positive |
Data Quality Flag: Absence of earnings dates is a significant limitation. Next earnings could be the key catalyst resolving current technical indecision.
Market Narrative
Current Story: Industry growth + AI adoption + market expansion (positive) being discounted by near-term execution concerns and broader market headwinds (negative), resulting in technical breakdown despite positive fundamentals.
Risk & Volatility Assessment
Beta Interpretation: -0.38 (vs SPY)
UNUSUAL AND SIGNIFICANT FINDING:
| Metric | Value | Interpretation | |--------|-------|-----------------| | Beta | -0.38 | Inverse correlation to market | | Correlation | -0.26 | Negative relationship to broad market | | Volatility | 0.19 (19%) | Above-market volatility despite negative beta | | Alpha | 0.01 | No excess return generation |
Implications:
- Defensive Equity: RSG moves
Generated
News
All RSG news →
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Showing 1–10 of 50
Page 1 of 5
Earnings History
18 of 23 under expected move
Avg Expected Move
4.25%
Avg Actual Move
2.32%
| Earnings Date | Timing | Expected Move | Actual Move | Ratio | Outcome |
|---|---|---|---|---|---|
| 2021-02-22 | After-Close | 4.78% | 0.04% | 0.01x | Within |
| 2021-05-05 | After-Close | 3.66% | 1.29% | 0.35x | Within |
| 2021-07-29 | After-Close | 2.68% | 2.49% | 0.93x | Within |
| 2021-10-28 | After-Close | 4.18% | 3.59% | 0.86x | Within |
| 2022-02-10 | After-Close | 3.70% | 4.41% | 1.19x | Exceeded |
| 2022-05-05 | After-Close | 4.72% | 3.73% | 0.79x | Within |
| 2022-08-04 | After-Close | 2.54% | 0.25% | 0.10x | Within |
| 2022-10-27 | After-Close | 5.20% | 1.08% | 0.21x | Within |
| 2023-02-15 | After-Close | 2.58% | 3.32% | 1.29x | Exceeded |
| 2023-04-27 | After-Close | 3.95% | 5.03% | 1.27x | Exceeded |
| 2023-07-31 | After-Close | 3.71% | 0.65% | 0.18x | Within |
| 2023-10-26 | After-Close | 5.20% | 0.01% | 0.00x | Within |
| 2024-02-27 | After-Close | 3.82% | 0.77% | 0.20x | Within |
| 2024-04-30 | After-Close | 3.77% | 2.97% | 0.79x | Within |
| 2024-07-24 | After-Close | 4.21% | 5.17% | 1.23x | Exceeded |
| 2024-10-29 | After-Close | 4.99% | 2.69% | 0.54x | Within |
| 2025-02-13 | After-Close | 3.57% | 3.06% | 0.86x | Within |
| 2025-04-24 | After-Close | 5.61% | 1.16% | 0.21x | Within |
| 2025-07-29 | After-Close | 4.30% | 5.82% | 1.35x | Exceeded |
| 2025-10-30 | After-Close | 7.74% | 0.80% | 0.10x | Within |
| 2026-02-17 | After-Close | 3.73% | 1.97% | 0.53x | Within |
| 2026-05-07 | After-Close | 4.27% | 0.76% | 0.18x | Within |
| 2026-08-06 | After-Close | 4.84% | 2.37% | 0.49x | Within |
Earnings calendar: this week’s reports with expected vs actual moves →
RSG Options Activity & IV Rank
RSG IV rank history, 52-week IV rank and IV percentile →
Volatility Metrics
Current IV: 21.6%
7-DTE IV: —
Expected Move: $11.40
7-DTE Move: $11.40
Days to Exp: 30 (2026-11-20)
Options Flow
Call Volume: 111
Put Volume: 209
P/C Volume: 1.883
BEARISH
Call OI: 1,366
Put OI: 585
P/C OI: 0.428
Total OI: 1,951
ATM Options Pricing
ATM Call: $5.85
ATM Put: $5.55
Call %: 2.5%
Put %: 2.4%
Chain Summary
Chain Volume: 768
Chain OI: 4,631
Last Updated: 10/21/2026
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
HIGH γ vs HISTORY
Estimated net dealer gamma is at the 80th percentile of this name's own daily history, near the high end of its range. This describes current positioning; it is not a forecast or a trading signal.
Gamma percentile
80%
vs own history
GEX tilt
+0.50
OI-weighted, today
Vanna tilt
+0.74
δ-sensitivity to IV
Charm tilt
-0.87
δ-decay vs time
Vanna tilt +0.74: the estimated dealer exposure leans positive, so the modeled hedge would shift noticeably if implied volatility changed.
Charm tilt -0.87: the estimated dealer exposure leans negative, so the modeled hedge would shift noticeably as time passes and options approach expiry.
? What is this?
· 25 ATM contracts, 3k 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
as of Oct 21 · No data
30 DTE / 10d
42%
+4.5
pts
EXTREME
as of Oct 21 · ATM 21.6% / Wing 26.1%
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
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Volatility Smile
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IV Rank (7 DTE)
IV Rank (30 DTE)50.6MediumOct 21
Straddle Price (30 DTE)$11.40Oct 21
Beta Analysis
Risk Metrics
Beta: -0.3823
Alpha: 11.78%
Correlation: -0.2496
R-Squared: 6.2%
Stock Volatility: 19.5%
Market Volatility: 12.7%
Analysis Details
Benchmark: SPY
Data Points: 251
Period: 252 trading days
Data Points: 251
Period: 252 trading days
Interpretation:
Negative beta - stock moves opposite to market
Negative beta - stock moves opposite to market
Beta & Alpha Over Time
Notable investors who own RSG
6 of 37 tracked investors
| Investor | Value | Share of their portfolio | Rank | Q/Q shares | Source |
|---|---|---|---|---|---|
| Cascade Investment Family office Bill Gates | $26.75B | #1 of 3 | — | Form 4 · 10% owner | |
| Citadel Hedge fund Ken Griffin | $235.9M | #153 of 6285 | +1883.2% | 13F | |
| Millennium Management Hedge fund Izzy Englander | $72.8M | #449 of 3716 | +303.1% | 13F | |
| Rockefeller Capital Management Family office Rockefeller family | $71.3M | #177 of 4729 | +2.1% | 13F | |
| Point72 Hedge fund Steve Cohen | $49.4M | #332 of 1945 | new | 13F | |
| Renaissance Technologies Hedge fund Jim Simons | $4.9M | #1482 of 3138 | -92.5% | 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
RSG Institutional Ownership (13F)
Latest filings — 2026-09-30
? 13F Guide
Diluted shares outstanding: 311,704,250 (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.
17 filers$74.79M notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | Jane Street Group, LLC Custodian | $17.39M | 23.25% | 2026-06-30 |
| 2 | Susquehanna International Group, LLP Custodian | $11.76M | 15.73% | 2026-06-30 |
| 3 | Citadel Advisors LLC Custodian | $9.76M | 13.05% | 2026-06-30 |
| 4 | IMC-Chicago, LLC Custodian | $7.61M | 10.17% | 2026-06-30 |
| 5 | Twin Tree Management, LP | $5.24M | 7.01% | 2026-06-30 |
| 6 | Wolverine Trading, LLC Custodian | $4.67M | 6.25% | 2025-09-30 |
| 7 | Cubist Systematic Strategies, LLC | $3.83M | 5.12% | 2025-09-30 |
| 8 | Walleye Trading LLC | $3.17M | 4.24% | 2026-06-30 |
| 9 | Walleye Capital LLC | $2.66M | 3.56% | 2026-06-30 |
| 10 | Simplex Trading, LLC Custodian | $2.07M | 2.76% | 2026-06-30 |
| 11 | CAPSTONE INVESTMENT ADVISORS, LLC | $1.81M | 2.42% | 2026-06-30 |
| 12 | Squarepoint Ops LLC | $1.34M | 1.79% | 2026-06-30 |
| 13 | PEAK6 LLC | $1.09M | 1.45% | 2026-06-30 |
| 14 | UBS Group AG Custodian | $980.17K | 1.31% | 2026-06-30 |
| 15 | TUDOR INVESTMENT CORP ET AL | $894.94K | 1.20% | 2026-06-30 |
| 16 | GROUP ONE TRADING LLC Custodian | $298.31K | 0.40% | 2026-06-30 |
| 17 | Point72 Asset Management, L.P. | $213.08K | 0.28% | 2026-06-30 |
14 filers$57.10M notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | Twin Tree Management, LP | $17.62M | 30.86% | 2026-06-30 |
| 2 | Oribel Capital Management, LP | $15.34M | 26.87% | 2026-06-30 |
| 3 | Susquehanna International Group, LLP Custodian | $11.44M | 20.04% | 2026-06-30 |
| 4 | Citadel Advisors LLC Custodian | $2.62M | 4.59% | 2026-06-30 |
| 5 | CAPSTONE INVESTMENT ADVISORS, LLC | $1.81M | 3.17% | 2026-06-30 |
| 6 | PEAK6 LLC | $1.70M | 2.99% | 2026-06-30 |
| 7 | Wolverine Trading, LLC Custodian | $1.67M | 2.93% | 2025-09-30 |
| 8 | BOOTHBAY FUND MANAGEMENT, LLC | $1.58M | 2.76% | 2026-06-30 |
| 9 | Jane Street Group, LLC Custodian | $1.53M | 2.69% | 2026-06-30 |
| 10 | Squarepoint Ops LLC | $894.94K | 1.57% | 2026-06-30 |
| 11 | Walleye Capital LLC | $340.93K | 0.60% | 2026-06-30 |
| 12 | TUDOR INVESTMENT CORP ET AL | $234.39K | 0.41% | 2026-06-30 |
| 13 | One Wealth Map LLC | $218.91K | 0.38% | 2026-06-30 |
| 14 | Walleye Trading LLC | $85.23K | 0.15% | 2026-06-30 |
RSG Insider Trading (Form 4)
Latest: 2026-10-19Form 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 |
|---|---|---|---|---|---|---|---|
| 2026-10-19 | Jon Vander Ark | CEO and President | Grant (A) | +131 RSU | — | EDGAR | |
| 2026-10-19 | Ian M. Craig | Director | Grant (A) | +2 RSU | — | EDGAR | |
| 2026-10-19 | Thomas W Handley | Director | Grant (A) | +72 RSU | — | EDGAR | |
| 2026-10-19 | Elyse Carlsen | CAO | Grant (A) | +4 RSU | — | EDGAR | |
| 2026-10-19 | Courtney Rodriguez | EVP, Chief HR Officer | Grant (A) | +13 RSU | — | EDGAR | |
| 2026-10-19 | Jennifer M Kirk | Director | Grant (A) | +72 RSU | — | EDGAR | |
| 2026-10-19 | Margaret Reynolds | Director | Grant (A) | +10 RSU | — | EDGAR | |
| 2026-10-19 | Gregg Brummer | EVP, COO | Grant (A) | +52 RSU | — | EDGAR | |
| 2026-10-19 | Kevin G. Vaughn | SVP Operations | Grant (A) | +16 RSU | — | EDGAR | |
| 2026-10-19 | Brian S. Tyler | Director | Grant (A) | +10 RSU | — | EDGAR | |
| 2026-10-19 | Amanda Hodges | EVP, Chief Commercial Officer | Grant (A) | +12 RSU | — | EDGAR | |
| 2026-10-19 | Katharine Weymouth | Director | Grant (A) | +10 RSU | — | EDGAR | |
| 2026-10-19 | Julia Arambula | SVP Operations | Grant (A) | +32 RSU | — | EDGAR | |
| 2026-10-19 | Manuel Kadre | Director | Grant (A) | +117 RSU | — | EDGAR | |
| 2026-10-19 | James P Snee | Director | Grant (A) | +10 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.
RSG Insider Holdings
24 insiders · @ $230.32
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 | William H Gates III | 10%+ Owner | 116,741,230 | $26.89B | $4.42B | 92 | 2026-09-14 |
| 2 | CASCADE INVESTMENT, L.L.C. | 10%+ Owner | 116,148,515 | $26.75B | $3.51B | 63 | 2026-09-10 |
| 3 | Jon Vander Ark | CEO and President | 126,125 | $29.05M | -$6.71M | 87 | 2026-10-19 |
| 4 | Michael Larson | Director | 58,427 | $13.46M | $0 | 97 | 2026-10-19 |
| 5 | Catharine D Ellingsen | EVP/Chief Legal Officer/Sec | 51,587 | $11.88M | -$1.32M | 91 | 2026-10-19 |
| 6 | Brian A Bales | EVP, Chief Development Officer | 21,016 | $4.84M | -$4.00M | 67 | 2026-10-19 |
| 7 | Tomago Collins | Director | 20,094 | $4.63M | -$2.24M | 72 | 2025-04-17 |
| 8 | Brian M DelGhiaccio | EVP Chief Financial Officer | 17,203 | $3.96M | -$2.12M | 64 | 2026-10-19 |
| 9 | Amanda Hodges | EVP, Chief Commercial Officer | 13,972 | $3.22M | -$1.61M | 44 | 2026-10-19 |
| 10 | James P Snee | Director | 13,939 | $3.21M | $0 | 48 | 2026-10-19 |
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.
RSG Board & Officers
As of SEC filings through Oct 19, 2026Directors 13
- Michael Larson · since Oct 28, 2009
- Manuel Kadre · since Jun 24, 2014
- Jennifer M Kirk · since Jul 26, 2016
- Thomas W Handley · since Jul 26, 2016
- Sandra M Volpe · since Dec 8, 2016
- James P Snee · since Jul 16, 2018
- Katharine Weymouth · since Oct 1, 2018
- Michael A Duffy · since Jul 28, 2020
- Brian S. Tyler · since Apr 1, 2021
- Jon Vander Ark · listed since Aug 2022
- Margaret Reynolds · since Jul 26, 2023
- Norman Thomas Linebarger · since Feb 6, 2024
- Ian M. Craig · since Feb 10, 2026
Officers 12
- Jon Vander Ark · CEO and President · listed since Jun 2021
- Brian M DelGhiaccio · EVP Chief Financial Officer · since Jun 1, 2020
- Gregg Brummer · EVP, COO · since Aug 18, 2023
- Catharine D Ellingsen · EVP/Chief Legal Officer/Sec · since Jun 13, 2016
- Brian A Bales · EVP, Chief Development Officer · since Jul 24, 2018
- Courtney Rodriguez · EVP, Chief HR Officer · since Apr 18, 2023
- Amanda Hodges · EVP, Chief Commercial Officer · listed since Aug 2024
- Jennifer Lynn Bell · EVP, Chief Marketing Officer · since Apr 27, 2025
- Elyse Carlsen · CAO · since Mar 1, 2024
- Julia Arambula · SVP Operations · since Apr 24, 2024
- Larson Richardson · SVP Operations · since Apr 24, 2024
- Kevin G. Vaughn · SVP Operations · since Apr 6, 2026
10% owners 2
- Cascade Investment, L.l.c. (entity) · listed since Dec 2010
- William H Gates III · listed since Dec 2010
Changes in the last 10 years (32)
| Apr 6, 2026 | Kevin G. Vaughn became SVP Operations |
| Feb 10, 2026 | Ian M. Craig became a director |
| Apr 27, 2025 | Jennifer Lynn Bell became EVP, Chief Marketing Officer |
| Aug 13, 2024 | Amanda Hodges listed as EVP, Chief Commercial Officer (previously EVP, Chief Marketing Officer) in SEC filings |
| Apr 24, 2024 | Richard D Kang became SVP Operations |
| Apr 24, 2024 | Larson Richardson became SVP Operations |
| Apr 24, 2024 | Julia Arambula became SVP Operations |
| Mar 1, 2024 | Elyse Carlsen became CAO |
| Feb 29, 2024 | The company announced the departure of Brian A Goebel as CAO in an SEC filing |
| Feb 6, 2024 | Norman Thomas Linebarger became a director |
| Aug 18, 2023 | The company announced the departure of Timothy E Stuart as COO in an SEC filing |
| Aug 18, 2023 | Gregg Brummer became EVP, COO |
| Jul 26, 2023 | Margaret Reynolds became a director |
| May 16, 2023 | Kim S Pegula reported in an SEC filing no longer being a director |
| Apr 18, 2023 | Courtney Rodriguez became EVP, Chief HR Officer |
| Aug 10, 2022 | Jon Vander Ark first listed as a director in an SEC filing |
| Feb 8, 2022 | Sumona De Graaf became EVP, Chief HR Officer |
| Feb 8, 2022 | Katrina Liddell became EVP, Chief Commercial Officer |
| Feb 8, 2022 | Amanda Hodges became EVP, Chief Marketing Officer |
| Jun 28, 2021 | Jon Vander Ark listed as CEO and President (previously President) in SEC filings |
| Apr 1, 2021 | Brian S. Tyler became a director |
| Jul 28, 2020 | Michael A Duffy became a director |
| Jun 1, 2020 | Brian M DelGhiaccio became EVP Chief Financial Officer |
| May 9, 2019 | Donald W Slager listed as CEO and Director (previously President and CEO) in SEC filings |
| May 1, 2019 | Timothy E Stuart became COO |
| May 1, 2019 | Jon Vander Ark listed as President (previously EVP-Chief Operating Officer) in SEC filings |
| Oct 1, 2018 | Katharine Weymouth became a director |
| Jul 24, 2018 | Brian A Bales became EVP, Chief Development Officer |
| Jul 16, 2018 | James P Snee became a director |
| Jan 1, 2018 | Jon Vander Ark became EVP-Chief Operating Officer |
| Jul 27, 2017 | Kim S Pegula first on file as a director |
| Dec 8, 2016 | Sandra M Volpe became a director |
Not reported recently (13)
- Tomago Collins · Last reported as a director in an SEC filing dated Apr 17, 2025
- Richard D Kang · Last reported as SVP Operations in an SEC filing dated Jul 17, 2024
- Katrina Liddell · Last reported as EVP, Chief Commercial Officer in an SEC filing dated Jul 31, 2023
- Sumona De Graaf · Last reported as EVP, Chief HR Officer in an SEC filing dated Apr 18, 2022
- Jeffrey A Hughes · Last reported as EVP Chief Administrative Offic in an SEC filing dated Feb 25, 2022
- Donald W Slager · Last reported as a director in an SEC filing dated Apr 19, 2021
- Charles F Serianni · Last reported as EVP Chief Financial Officer in an SEC filing dated May 21, 2020
- Ramon A Rodriguez · Last reported as a director in an SEC filing dated Apr 17, 2020
- John M Trani · Last reported as a director in an SEC filing dated Apr 17, 2020
- William J Flynn · Last reported as a director in an SEC filing dated Apr 18, 2018
- Wallace Lee Nutter · Last reported as a director in an SEC filing dated Apr 19, 2017
- James W Crownover · Last reported as a director in an SEC filing dated Apr 19, 2017
- Ann E. Dunwoody · Last reported as a director in an SEC filing dated Apr 19, 2017
Compiled from SEC filings by the company and its directors and officers. Dates are as stated in those filings. Where no filing says when someone left, we show the last filing that listed them.
RSG Proposed Insider Sales (Form 144)
Latest: 2026-06-11
? 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 |
|---|---|---|---|---|---|---|---|---|
| 2026-06-11 | Sandra M. Volpe | Officer | 1,800 | $374.5K | 2026-06-11 | Goldman Sachs & Co. LLC | — | EDGAR |
| 2026-05-19 | Carlsen Elyse | Officer | 221 | $47.8K | 2026-05-19 | Fidelity Brokerage Services LLC | — | EDGAR |
| 2026-05-19 | Elyse Carlsen | OFFICER | 139 | $30.1K | 2026-05-19 | Merrill Lynch | — | EDGAR |
| 2025-08-22 | Brummer Gregg | Officer | 7,338 | $1.72M | 2025-08-22 | Fidelity Brokerage Services LLC | — | EDGAR |
| 2025-06-05 | Carlsen Elyse | Officer | 235 | $59.5K | 2025-06-05 | Merrill Lynch | — | EDGAR |
| 2025-03-03 | Richardson Larson | Officer | 2,200 | $526.0K | 2025-03-03 | Merrill Lynch | — | EDGAR |
| 2025-02-19 | Brummer Gregg | Officer | 6,293 | $1.44M | 2025-02-19 | Fidelity Brokerage Services LLC | — | EDGAR |
| 2024-12-06 | Weymouth Katharine | Director | 1,859 | $400.2K | 2024-12-05 | MORGAN STANLEY SMITH BARNEY LLC … | — | EDGAR |
| 2024-11-19 | DelGhiaccio Brian M | Officer | 5,071 | $1.07M | 2024-11-19 | Merrill Lynch | — | EDGAR |
| 2024-08-16 | Collins Tomago | Director | 3,200 | $649.6K | 2024-08-16 | Merrill Lynch | — | 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: 2026-05-11
Current reports — material events the company must disclose within 4 business days (earnings releases, M&A, executive changes, etc.).
| Filing Date | Accession | Link |
|---|---|---|
| 2026-05-11 | 0001060391-26-000215 | EDGAR |
| 2026-05-07 | 0001060391-26-000210 | EDGAR |
| 2026-02-17 | 0001060391-26-000072 | EDGAR |
| 2026-02-17 | 0001060391-26-000093 | EDGAR |
| 2026-02-12 | 0001060391-26-000066 | EDGAR |
| 2025-10-30 | 0001628280-25-047534 | EDGAR |
| 2025-10-23 | 0001628280-25-046086 | EDGAR |
| 2025-07-29 | 0001060391-25-000215 | EDGAR |
| 2025-07-24 | 0001060391-25-000211 | EDGAR |
| 2025-05-21 | 0001060391-25-000177 | EDGAR |
Annual report — audited financial statements, MD&A, risk factors. Filed 60–90 days after fiscal year-end.
Quarterly report — unaudited financials and MD&A. Filed 40–45 days after each of the first three fiscal quarters.
| Filing Date | Accession | Link |
|---|---|---|
| 2026-05-08 | 0001060391-26-000212 | EDGAR |
| 2025-10-31 | 0001628280-25-047655 | EDGAR |
| 2025-07-30 | 0001060391-25-000216 | EDGAR |
| 2025-04-25 | 0001060391-25-000170 | EDGAR |
| 2024-10-30 | 0001060391-24-000324 | EDGAR |
| 2024-07-25 | 0001060391-24-000273 | EDGAR |
| 2024-05-01 | 0001060391-24-000205 | EDGAR |
| 2023-10-27 | 0001060391-23-000025 | EDGAR |
| 2023-08-01 | 0001060391-23-000019 | EDGAR |
| 2023-04-28 | 0001060391-23-000013 | EDGAR |
ETF Holders
313 ETFs hold RSG
25 shown · $7.18B total exposure · 0.10% AUM-weighted avg weight
| # | ETF | Provider | Weight | $ Exposure | ETF AUM | As Of |
|---|---|---|---|---|---|---|
| 1 | VTI Vanguard Morningstar Total Stock Market ETF | Vanguard | 0.06% | $1.3B | — | 2026-09-30 |
| 2 | VOO Vanguard S&P 500 ETF | Vanguard | 0.06% | $1.1B | — | 2026-09-30 |
| 3 | VO Vanguard Morningstar Mid-Cap ETF | Vanguard | 0.41% | $894.5M | — | 2026-09-30 |
| 4 | IVV iShares Core S&P 500 ETF | iShares (BlackRock) | 0.07% | $597.1M | $885.8B | 2026-10-19 |
| 5 | SPY State Street® SPDR® S&P 500® ETF Trust | SPDR (State Street) | 0.07% | $551.0M | $816.6B | 2026-10-19 |
| 6 | VTV Vanguard Morningstar Value ETF | Vanguard | 0.16% | $397.9M | — | 2026-09-30 |
| 7 | VOT Vanguard Morningstar Mid-Cap Growth ETF | Vanguard | 0.99% | $327.9M | — | 2026-09-30 |
| 8 | USMV iShares MSCI USA Min Vol Factor ETF | iShares (BlackRock) | 1.30% | $307.9M | $24.0B | 2026-10-19 |
| 9 | XLI State Street® Industrial Select Sector SPDR® ETF | SPDR (State Street) | 0.85% | $256.1M | $30.3B | 2026-10-19 |
| 10 | VIG Vanguard Dividend Appreciation ETF | Vanguard | 0.18% | $232.7M | — | 2026-09-30 |
| 11 | RSP Invesco S&P 500 Equal Weight ETF | Invesco | 0.21% | $202.5M | — | 2026-10-19 |
| 12 | SPYM State Street® SPDR® Portfolio S&P 500® ETF | SPDR (State Street) | 0.07% | $123.8M | $182.9B | 2026-10-19 |
| 13 | SDY State Street® SPDR® S&P® Dividend ETF | SPDR (State Street) | 0.54% | $115.3M | $21.4B | 2026-10-19 |
| 14 | IWD iShares Russell 1000 Value ETF | iShares (BlackRock) | 0.12% | $101.8M | $84.3B | 2026-10-19 |
| 15 | DFAC Dimensional US Core Equity 2 ETF | Dimensional | 0.11% | $96.9M | — | 2026-10-19 |
| 16 | SPLV Invesco S&P 500 Low Volatility ETF | Invesco | 1.17% | $84.0M | — | 2026-10-19 |
| 17 | IVE iShares S&P 500 Value ETF | iShares (BlackRock) | 0.15% | $74.6M | $50.2B | 2026-10-19 |
| 18 | ITOT iShares Core S&P Total U.S. Stock Market ETF | iShares (BlackRock) | 0.06% | $57.6M | $96.7B | 2026-10-19 |
| 19 | SPYV State Street® SPDR® Portfolio S&P 500® Value ETF | SPDR (State Street) | 0.15% | $56.9M | $37.9B | 2026-10-19 |
| 20 | VIS Vanguard Industrials ETF | Vanguard | 0.63% | $54.0M | — | 2026-09-30 |
| 21 | DCOR Dimensional US Core Equity 1 ETF | Dimensional | 0.12% | $52.8M | — | 2026-10-19 |
| 22 | DGRO iShares Core Dividend Growth ETF | iShares (BlackRock) | 0.11% | $49.9M | $44.2B | 2026-10-19 |
| 23 | VV Vanguard Morningstar Large-Cap ETF | Vanguard | 0.06% | $49.2M | — | 2026-09-30 |
| 24 | DFLV Dimensional US Large Cap Value ETF | Dimensional | 0.64% | $46.0M | $7.3B | 2026-10-19 |
| 25 | SCHX Schwab U.S. Large-Cap ETF | Nport | 0.06% | $42.9M | — | 2026-05-31 |
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
33.09
TTM Diluted EPS
$6.96
TTM Revenue
$16.70B
TTM Net Income
$2.17B
TTM Op. Cash Flow
$4.50B
Quarterly figures (12 quarters)
| Quarter | Period End | Revenue | Net Income | Diluted EPS | Op. Cash Flow |
|---|---|---|---|---|---|
| Q1 '26 | 2026-03-31 | $4.11B | $525.00M | $1.70 | $1.23B |
| Q4 '25 | 2025-12-31 | $4.13B | $544.00M | $1.75 | $981.00M |
| Q3 '25 | 2025-09-30 | $4.21B | $550.00M | $1.76 | $1.18B |
| Q2 '25 | 2025-06-30 | $4.24B | $549.90M | $1.75 | $1.11B |
| Q1 '25 | 2025-03-31 | $4.01B | $495.00M | $1.58 | $1.02B |
| Q4 '24 | 2024-12-31 | $4.05B | $512.00M | $1.63 | $1.02B |
| Q3 '24 | 2024-09-30 | $4.08B | $566.00M | $1.80 | $1.00B |
| Q2 '24 | 2024-06-30 | $4.05B | $511.54M | $1.62 | $1.10B |
| Q1 '24 | 2024-03-31 | $3.86B | $454.00M | $1.44 | $811.00M |
| Q4 '23 | 2023-12-31 | $3.83B | $439.60M | $1.40 | $898.70M |
| Q3 '23 | 2023-09-30 | $3.83B | $480.20M | $1.52 | $953.10M |
| Q2 '23 | 2023-06-30 | $3.73B | $427.40M | $1.35 | $1.08B |
Q1 2026 • period ending 2026-03-31 • filed 2026-05-08
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
33.09
P/B
5.99
P/S
4.30
EV/EBITDA
16.03
EV/Sales
5.09
ROE
18.1%
ROA
6.3%
Div Yield
1.07%
FCF Yield
6.27%
Debt/Equity
1.11
Current Ratio
—
Market Cap
$71.79B
as of 2026-10-21
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
4.82M
SI % of Float
2.54%
Days to Cover
2.93
Short Vol Ratio
48.6%
Free Float
189.85M
Float %
62.0%
Short interest 2026-09-30 • Short volume 2026-10-21 • Float 2026-09-22