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Data as of Q3 2026
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Total shares institutions bought (green) vs sold (red) each quarter across all holders.
Inferred from quarter-over-quarter change in each fund's 13F position (new stakes count as buys, exits as sells). Not tick-level trades.
Last reported position per insider, carried forward. Steps can be a holding disclosed for the first time rather than a trade.
| Date | Insider | What it was | Shares | Price | Value |
|---|---|---|---|---|---|
| 2026-11-12 | Bassett John E Iii SVP, Chief Operations Officer | Tax withholding | 280 | $16.52 | $5k |
| 2026-03-11 | Battle Emma S. Director | Grant | 2,857 | $14.00 | $40k |
| 2026-03-11 | Belk John R Director | Grant | 2,857 | $14.00 | $40k |
| 2026-03-11 | Cashman Kristina K Director | Grant | 2,857 | $14.00 | $40k |
| 2026-03-11 | Goergen James Edward Director | Grant | 2,857 | $14.00 | $40k |
| 2026-03-11 | Hamlet Virginia W. Director | Grant | 2,857 | $14.00 | $40k |
| 2026-03-11 | Wampler William C Jr Director | Grant | 2,857 | $14.00 | $40k |
| 2026-03-11 | Mcdowell John Walter Director | Grant | 2,857 | $14.00 | $40k |
| 2026-03-11 | Warden William C Jr Director | Grant | 2,857 | $14.00 | $40k |
| 2026-01-11 | Spilman Robert H Jr Chairman & CEO | Tax withholding | 350 | $16.52 | $6k |
| 2026-01-11 | Daniel John Michael SVP, Chief Fin./Admin. Officer | Tax withholding | 280 | $16.52 | $5k |
| 2026-01-11 | Cohenour Bruce SVP, Chief Sales Officer | Tax withholding | 280 | $16.52 | $5k |
| 2026-01-11 | Hervey Jay R Vice Pres Sec & Gen Counsel | Tax withholding | 210 | $16.52 | $3k |
Every row is classified by what it MEANT, not by its SEC code. A code is not a meaning: code P (“purchase”) also covers dividend reinvestment and employee stock purchase plans, and code S (“sale”) also covers 10b5-1 plan sales scheduled months earlier and option exercises sold the same day.
Across 30 days of all filings, $5.08bn of insider selling contained $3.50bn of plan sales and $0.46bn of exercise-and-sell. Only 29% was discretionary. Reading an unclassified feed badly overstates how much insiders decided.
Buys and sales are counted separately and never netted. They are different decisions by different people; a company where one officer bought while another sold is not “neutral”.
The holding line carries each insider's last reported position forward, so it shows the total held rather than a sawtooth of whoever traded that day. It covers only insiders who filed in the window.
“Filed late” counts calendar days past the two-business-day deadline with five days' grace, so a Thursday or Friday trade crossing a weekend is never flagged. It describes the company's filing discipline, not the trade.
Insider activity is descriptive. Nothing here is investment advice.
Top 10 institutional holders — bubble size is position value, color is the move since last quarter. Hover any holder for detail.
Drag any bubble to rearrange · size = dollar value of the position
Total return (dividends reinvested) vs the market, from quarter-end prices.
Above 0 = ahead of the S&P 500 since the window start; below 0 = behind. Rising means it's pulling ahead.
How far the stock fell below its prior peak. Deeper, longer drawdowns = a rougher ride to the same return.
Quarter-end, dividend-adjusted (total return). Beta & volatility from quarterly returns (annualized). Benchmark is the S&P 500 (SPY total return). Annual returns compound the quarters ending in each calendar year; the first and last years in a window may be partial. Past performance doesn't predict future results.
Solve the discounted cash flow backwards, then stress-test the assumptions.
Average free cash flow across the last 2 positive fiscal years (FY2023, FY2025). Smooths the cycle. Stock compensation is NOT charged — it is added back inside operating cash flow.
To be worth $22.50 today, the market must believe free cash flow compounds 7.8%/yr for a decade (off $5.1M on the 3-yr avg basis).
The market's 7.8% is more optimistic than its 9-yr track record.
Default is 7.7% — this company's computed cost of capital (computed WACC), the same rate the Analysis tab discounts at.
2-stage DCF · 0.01B shares (market data) · net debt -$41.3M
mean -201.1% · volatility σ 274% · implied rate exceeded in 1/6 yrs
Central path = implied 7.8%/yr growth; shaded band = ±1σ (274%) of this company's historical FCF volatility, widening with time. The wider the band, the less certain the growth.
Reverse DCF: rather than guessing a fair value, we solve for the growth the current price implies, then you stress-test the assumptions. Enterprise value of the FCF stream, less net debt, ÷ shares. Educational — not a recommendation.
Ranked against 11 sector peers with collected financials. Valuation from latest close × latest fiscal-year fundamentals; 13F conviction as of 2026-09-30.
Percentile is “goodness” within the peer set (100 = best). For valuation and leverage that means cheaper / less-levered ranks higher.
| Company | Mkt cap ▼ | P/E | EV/EBITDA | P/S | Rev gr | Gross | Net | ROE | ROIC | Net D/EBITDA | 13F |
|---|---|---|---|---|---|---|---|---|---|---|---|
| SGI | $14.6B | 34.5× | 18.4× | 2.0× | 51.6% | 42.6% | 5.1% | 12.4% | 5.0% | 4.4× | — |
| HNI | $3.5B | 44.2× | 19.8× | 1.3× | 12.4% | 41.4% | 1.9% | 3.0% | 1.7% | 4.7× | 71 |
| MLKN | $1.5B | 16.3× | 7.5× | 0.4× | 4.7% | 38.8% | 2.4% | 6.8% | 3.5% | 3.2× | 48 |
| MBC | $1.5B | 34.6× | 12.1× | 0.5× | 1.3% | 30.3% | 1.0% | 2.0% | 1.2% | 4.2× | 75 |
| LEG | $1.4B | 6.1× | — | 0.3× | -7.5% | 18.3% | 5.8% | 23.0% | 23.0% | — | 2 |
| LZB | $1.2B | 12.3× | 5.2× | 0.6× | 0.8% | 44.0% | 4.8% | 9.7% | 9.7% | -1.7× | 43 |
| CODI | $839M | — | 17.2× | 0.5× | 4.8% | 43.5% | -12.1% | -51.2% | -9.8% | 11.8× | 26 |
| ETD | $513M | 13.1× | 7.3× | 0.9× | -5.7% | 61.2% | 6.9% | 8.5% | 8.5% | -1.2× | 40 |
| XMAX | $417M | — | — | 24.9× | 72.6% | 25.0% | -20.4% | -12.2% | -12.2% | — | — |
| FLXS | $306M | 12.1× | 6.3× | 0.7× | 4.1% | 24.7% | 7.2% | 24.8% | 24.8% | -0.4× | 29 |
| BSET | $195M | 32.1× | 9.2× | 0.6× | 1.6% | 56.3% | 1.8% | 3.7% | 3.7% | -2.5× | 8 |
| HOFT | $153M | — | — | 0.6× | 226% | 26.4% | -9.7% | -15.9% | -15.6% | — | 11 |
Peers = companies sharing BSET's sector (Wood Household Furniture, (No Upholstered)) with collected SEC financials. Multiples use the most recent end-of-day close and latest fiscal-year fundamentals (trailing, not forward). Missing cells mean the peer never reported that line item, has no collected price, or has a non-positive denominator. Not investment advice.
What the company returns to shareholders — and whether it's covered by cash.
The dividend takes 77% of free cash flow — sustainable but with limited headroom. Last year: $6.9M dividends + $2.1M buybacks = $9.1M returned on $9.0M FCF.
2 consecutive years of dividend increases · 3%/yr.
Yields use the latest fiscal-year dividends/buybacks over current market cap. Dividends and buybacks from the SEC cash-flow statement; payout coverage vs net income and free cash flow. Educational — not a recommendation.
How management deployed cash over 10 years — and what it earned on reinvestment.
A balanced mix of reinvestment and shareholder returns.
Operating income fell despite reinvestment — a warning on capital productivity. Current ROIC on all capital: 4%. Rough measure (includes maintenance capex).
Cash uses aggregated from the SEC cash-flow statement over 10 fiscal years. "Return on reinvestment" is a rough proxy — operating-income change ÷ cumulative CapEx + M&A — and includes maintenance capex. Educational — not a recommendation.
EOD close · as of 2026-10-30
How a revenue dollar becomes profit — FY2025
Dividends and buybacks are cash paid out, shown here against the same year's profit for scale — not funded from it. This year they exceeded net income, so the ribbons are capped at earnings and understate what was actually returned.
Each value shows its share of revenue below it (common-size).
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $335.3M 100.0% | $329.9M 100.0% | $390.1M 100.0% | $485.6M 100.0% | $430.9M 100.0% | $337.7M 100.0% | $452.1M 100.0% | $456.9M 100.0% | $452.5M 100.0% | $432.0M 100.0% |
| Cost of Revenue | $146.6M 43.7% | $150.5M 45.6% | $183.6M 47.1% | $237.3M 48.9% | $209.8M 48.7% | $163.6M 48.4% | $179.2M 39.6% | $179.6M 39.3% | $177.6M 39.2% | $167.5M 38.8% |
| Cost of Products | — | — | — | — | — | — | — | — | $177.6M 39.2% | $167.5M 38.8% |
| Gross Profit | $188.7M 56.3% | $179.4M 54.4% | $206.5M 52.9% | $248.3M 51.1% | $221.1M 51.3% | $174.1M 51.6% | — | — | — | — |
| Selling, General & Admin | $180.4M 53.8% | $187.5M 56.8% | $205.2M 52.6% | $218.1M 44.9% | $196.8M 45.7% | $176.4M 52.2% | — | — | — | — |
| Operating Income | $7.8M 2.3% | -$16.3M -4.9% | -$3.1M -0.8% | $34.9M 7.2% | $24.3M 5.6% | -$17.5M -5.2% | -$595K -0.1% | $14.1M 3.1% | $27.0M 6.0% | $28.2M 6.5% |
| Interest Expense | $52K 0.0% | $30K 0.0% | $22K 0.0% | $38K 0.0% | $33K 0.0% | $0 0.0% | $6K 0.0% | $57K 0.0% | $234K 0.1% | $552K 0.1% |
| Interest & Investment Income | $2.0M 0.6% | $2.7M 0.8% | $2.5M 0.6% | $302K 0.1% | $48K 0.0% | $232K 0.1% | $568K 0.1% | $431K 0.1% | $230K 0.1% | $120K 0.0% |
| Other Income (Expense), net | -$994K -0.3% | -$744K -0.2% | -$1.9M -0.5% | -$1.1M -0.2% | -$1.5M -0.4% | -$740K -0.2% | -$1.7M -0.4% | -$2.3M -0.5% | -$2.3M -0.5% | -$2.0M -0.5% |
| Pretax Income | $8.8M 2.6% | -$14.4M -4.4% | -$2.5M -0.6% | $34.1M 7.0% | $22.8M 5.3% | -$18.0M -5.3% | -$1.7M -0.4% | $12.2M 2.7% | $27.9M 6.2% | $25.8M 6.0% |
| Income Tax Expense | $2.7M 0.8% | -$4.7M -1.4% | $683K 0.2% | $8.7M 1.8% | $5.8M 1.4% | -$6.5M -1.9% | $188K 0.0% | $4.0M 0.9% | $9.6M 2.1% | $9.9M 2.3% |
| Net Income | $6.1M 1.8% | -$9.7M -2.9% | -$3.2M -0.8% | $65.3M 13.5% | $18.0M 4.2% | -$10.4M -3.1% | -$1.9M -0.4% | $8.2M 1.8% | $18.3M 4.0% | $15.8M 3.7% |
| Per Share | ||||||||||
| EPS (Basic) | $0.70 | -$1.11 | -$0.36 | $6.96 | $1.83 | -$1.04 | -$0.19 | $0.77 | $1.71 | $1.47 |
| EPS (Diluted) | $0.70 | -$1.11 | -$0.36 | $6.95 | $1.83 | -$1.04 | -$0.19 | $0.77 | $1.70 | $1.46 |
| Weighted Avg Shares (Basic) | — | — | — | 9.4M | 9.8M | 10.0M | 10.3M | 10.7M | 10.6M | 10.7M |
| Weighted Avg Shares (Diluted) | — | — | — | 9.4M | 9.8M | 10.0M | 10.3M | 10.7M | 10.7M | 10.9M |
Source: SEC EDGAR XBRL filings (annual, fiscal year). Quarterly flow items are derived from cumulative filings; balance-sheet figures are as-of each period end. Ratios and margins are computed, not reported.
EOD close · as of 2026-10-30
Where each multiple sits in its own 14-yr range · 94th pct blended
Dot = today · shaded = middle 50% · line = median. Lower percentile = cheaper vs its own 14-yr history.
Is the profit real, and how strong is the balance sheet?
FY2025 · every deduction from revenue to net income
DuPont — the three levers
ROE 4% against ROIC 4% — 0% of the return on equity comes from leverage and buybacks rather than from the operating business.
What the company owes vs. what it holds
This shows debt/cash structure and net leverage. The year-by-year maturity schedule is on the Debt & Leverage tab.
Latest year: profit growth vs revenue growth
Profit and sales moved in opposite directions this year.
Each line as % of revenue — the trend in color
| % of revenue | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|
| Cost of Revenue | 39.3 | 39.6 | 48.4 | 48.7 | 48.9 | 47.1 | 45.6 | 43.7 |
| Gross Profit | — | — | 51.6 | 51.3 | 51.1 | 52.9 | 54.4 | 56.3 |
| SG&A | — | — | 52.2 | 45.7 | 44.9 | 52.6 | 56.8 | 53.8 |
| Operating Income | 3.1 | -0.1 | -5.2 | 5.6 | 7.2 | -0.8 | -4.9 | 2.3 |
| Income Tax | 0.9 | 0.0 | -1.9 | 1.4 | 1.8 | 0.2 | -1.4 | 0.8 |
| Net Income | 1.8 | -0.4 | -3.1 | 4.2 | 13.5 | -0.8 | -2.9 | 1.8 |
Green = margin-favorable vs the row's own range · red = unfavorable.
The metrics that matter, over time
A 30-second read on BSET: price, valuation and headline fundamentals from SEC filings. The four questions at the top of the page are where the judgements live.
How much the company owes, how it's trended, and how comfortably it's serviced.
Cash of $41.3M (at 2025-11-29) covers all $3.8M of scheduled principal — no refinancing pressure. Scheduled principal only (excludes interest & revolver draws). As of 2017-08-26 (10-Q). The cash figure is from 2025-11-29, so the two are not the same balance-sheet date — the schedule has not been refiled since.
Green ≤ 1.5× · amber ≤ 3× · red > 3× (leverage relative to cash earnings).
Interest is easily covered by operating profit.
Cash vs short-term debt unavailable.
Short-term / long-term split not separately reported.
Debt, cash, interest and equity from the SEC balance sheet & income statement. Effective rate = interest ÷ average debt. Maturity ladder from the SEC long-term-debt repayment schedule. Educational — not a recommendation.
Earns -5.13pts against its cost of capital — capital is being consumed, not created.
| Period | ROIC | Cost of capital | Spread |
|---|---|---|---|
| FY2019 | -0.3% | 7.7% (today's — no rate published for this year) | -7.9pts |
| FY2020 | -4.9% | 7.7% (today's — no rate published for this year) | -12.6pts |
| FY2021 | 7.0% | 7.2% | -0.2pts |
| FY2022 | 9.7% | 8.7% | 1.1pts |
| FY2023 | -0.9% | 10.1% | -10.9pts |
| FY2024 | -4.9% | 9.2% | -14.1pts |
| FY2025 | 2.6% | 7.2% | -4.6pts |
| Now | 3.7% | 7.7% | -4.0pts |
| Fiscal year | Gross margin | Operating margin | Net margin |
|---|---|---|---|
| FY2016 | 61.2% | 6.5% | 3.7% |
| FY2017 | 60.8% | 6.0% | 4.0% |
| FY2018 | 60.7% | 3.1% | 1.8% |
| FY2019 | 60.4% | -0.1% | -0.4% |
| FY2020 | 51.6% | -5.2% | -3.1% |
| FY2021 | 51.3% | 5.6% | 4.2% |
| FY2022 | 51.1% | 7.2% | 13.5% |
| FY2023 | 52.9% | -0.8% | -0.8% |
| FY2024 | 54.4% | -4.9% | -2.9% |
| FY2025 | 56.3% | 2.3% | 1.8% |
Return on equity (4%) and return on invested capital (4%) are within a couple of points in FY2025, so the headline return is the operating return — there is no meaningful leverage effect to strip out.
$8M of goodwill — 3% of invested capital. The gap is what was paid above the fair value of what was bought; it is real capital shareholders provided, so neither bar is the whole answer.
Net margin is 181.94% against 1345.65% 3 years ago — a step down the business has not recovered, whatever the spread says today.
Cash conversion of 0.44x sits below the level that would make the earnings clearly cash-backed.
The cash conversion cycle has lengthened +19 days over 3 years to 133 — that many more days of the company's own cash funding the same volume of business.
Missing from our data, so excluded from this answer: share_based_compensation.
Covers interest 105.4x even after a 30% EBITDA decline.
| EBITDA decline | Interest coverage |
|---|---|
| 0% | 150.52x |
| 5% | 142.99x |
| 10% | 135.47x |
| 15% | 127.94x |
| 20% | 120.42x |
| 25% | 112.89x |
| 30% | 105.36x |
| 35% | 97.84x |
| 40% | 90.31x |
| 45% | 82.79x |
| 50% | 75.26x |
| 55% | 67.73x |
| 60% | 60.21x |
This schedule comes from a filing dated 2017-08-26, 3353 days old. Maturities are shown relative to that date, not to today.
Ladder as of 2017-08-26 (10-Q); cash from the 2025-11-29 balance sheet; FCF from FY2025.
Balance sheet at 2025-11-29. Undrawn revolving credit is not shown: the tag is collected but not yet mapped through to the API.
Operating leases are $89,392,000 of the $89,392,000 total — a fixed obligation that does not appear in a headline debt figure.
At $22.50, free cash flow must compound 13.67%/yr for 10 years. It has no positive compounding record to compare against, though across a reporting-basis change.
| Fiscal year | FCF growth | Price requires |
|---|---|---|
| FY2021 | −87.6% | 13.7% |
| FY2022 | −736.4% | 13.7% |
| FY2024 | −194.0% | 13.7% |
The percentile ranks the FISCAL-YEAR point, because the distribution behind each strip is built from fiscal-year closes — ranking a TTM figure inside it would compare two different bases. TTM basis: TTM (share count from the last fiscal year — the TTM window reports none).
The achieved growth rate spans a reporting-basis change in FY2020, so part of it measures the restatement rather than the business.
| Step | Amount | Running total |
|---|---|---|
| Net income | $6M | $6M |
| Share-based comp | not reported | not reported |
| Other non-cash & working capital | $7M | $13M |
| Operating cash flow | $13M | $13M |
| Capex | −$5M | $9M |
| Free cash flow | $9M | $9M |
| Fiscal year | Revenue growth | Receivables growth | Gap |
|---|---|---|---|
| FY2020 | -25.3% | 4.5% | 29.8 points |
| FY2021 | 27.6% | -7.9% | -35.5 points |
| FY2022 | 12.7% | -13.3% | -26.0 points |
| FY2023 | -19.7% | -23.0% | -3.3 points |
| FY2024 | -15.4% | -4.0% | 11.4 points |
| FY2025 | 1.6% | 9.3% | 7.7 points |
| Fiscal year | DSO | DIO | DPO | Cash conversion cycle |
|---|---|---|---|---|
| FY2019 | 17.3 days | 135 days | 48.2 days | 104.1 days |
| FY2020 | 24.1 days | 122.5 days | 52.3 days | 94.4 days |
| FY2021 | 17.4 days | 135.7 days | 41.7 days | 111.4 days |
| FY2022 | 13.4 days | 131.5 days | 31.3 days | 113.6 days |
| FY2023 | 12.9 days | 125.2 days | 32.5 days | 105.6 days |
| FY2024 | 14.6 days | 133.3 days | 32.3 days | 115.6 days |
| FY2025 | 15.7 days | 153.8 days | 36.7 days | 132.8 days |
| Fiscal year | Accruals / assets |
|---|---|
| FY2019 | -4.3 percent |
| FY2020 | -11.7 percent |
| FY2021 | 0.8 percent |
| FY2022 | 16.8 percent |
| FY2023 | -5.9 percent |
| FY2024 | -4.0 percent |
| FY2025 | -2.3 percent |
Below the line, the asset base is being consumed faster than it is replaced.
Below the line for 2 consecutive years to the latest.
Depreciation here includes amortisation of acquired intangibles — goodwill written down over time, customer lists, acquired technology. Capex does not replace those and is not meant to, so an acquisitive or asset-light company sits below 1.0 permanently and correctly. The signal is cleanest for capital-intensive businesses, where the two measure the same physical base. For that reason this informs the earnings-quality verdict but never caps it.