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Insufficient data to determine institutional momentum.
Data as of Q3 2026
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What the company returns to shareholders — and whether it's covered by cash.
The dividend is comfortably covered — only 15% of free cash flow, leaving room to grow it and fund buybacks. Last year: $11.1M dividends + $0 buybacks = $11.1M returned on $76.6M FCF.
Yields use the latest fiscal-year dividends/buybacks over current market cap. Dividends and buybacks from the SEC cash-flow statement; payout coverage vs net income and free cash flow. Educational — not a recommendation.
How management deployed cash over 10 years — and what it earned on reinvestment.
A balanced mix of reinvestment and shareholder returns.
Insufficient data. Current ROIC on all capital: 12%. 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
Where each multiple sits in its own 15-yr range
Dot = today · shaded = middle 50% · line = median. Lower percentile = cheaper vs its own 15-yr history.
Is the profit real, and how strong is the balance sheet?
FY2026 · every deduction from revenue to net income
DuPont — the three levers
ROE 12% against ROIC 12% — 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
Operating leverage needs meaningful revenue change.
Each line as % of revenue — the trend in color
| % of revenue | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 |
|---|
Green = margin-favorable vs the row's own range · red = unfavorable.
The metrics that matter, over time
A 30-second read on SMBC: price, valuation and headline fundamentals from SEC filings. The four questions at the top of the page are where the judgements live.
Leverage ratios is not shown for a bank.
Funded by deposits, so debt-weighted leverage and a WACC are not defined. Capital adequacy (CET1, LCR) is the right question and is not collected yet.
Classified from the filings: SIC code.
How much the company owes, how it's trended, and how comfortably it's serviced.
Interest expense isn't separately reported — often netted into “other income (expense), net.” Interest last disclosed in FY2023 (no longer broken out).
Cash vs short-term debt unavailable.
Short-term / long-term split not separately reported.
Debt, cash, interest and equity from the SEC balance sheet & income statement. Effective rate = interest ÷ average debt. Educational — not a recommendation.
EOD close · as of 2026-10-30
How a revenue dollar becomes profit — FY2026
Each value shows its share of revenue below it (common-size).
| Line Item | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Interest Expense | — | — | — | $49.7M | $13.3M | $16.8M | $26.9M | $24.7M | $14.8M | $10.4M |
| Pretax Income | $87.1M | $74.0M | $63.1M | $49.5M | $59.9M | — | — | — | — | — |
| Income Tax Expense | $15.3M | $15.4M | $12.9M | $10.2M | $12.7M | $12.5M | $6.9M | $7.0M | $7.8M | $6.1M |
| Net Income | $71.8M | $58.6M | $50.2M | $39.2M | $47.2M | $47.2M | $27.5M | $28.9M | $20.9M | $15.6M |
| Per Share | ||||||||||
| EPS (Basic) | $6.44 | $5.19 | $4.42 | $3.86 | $5.22 | $5.22 | $3.00 | $3.14 | $2.40 | $2.08 |
| EPS (Diluted) | $6.43 | $5.18 | $4.42 | $3.85 | $5.21 | $5.22 | $2.99 | $3.14 | $2.39 | $2.07 |
| Weighted Avg Shares (Basic) | 11.1M | 11.2M | 11.3M | 10.1M | 9.0M | 9.0M | 9.2M | 9.2M | 8.7M | 7.5M |
| Weighted Avg Shares (Diluted) | 11.1M | 11.3M | 11.3M | — | — | — | — | — | — | — |
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.
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.
A reverse discounted cash flow is not shown for a bank.
Funded by deposits, so debt-weighted leverage and a WACC are not defined. Capital adequacy (CET1, LCR) is the right question and is not collected yet.
Classified from the filings: SIC code.
No positive operating income in the last three years, so there is no return on capital to compare against its cost.
No material counter-signal in the checked set: ROIC vs WACC spread, 5-year spread history, gross margin trend, operating margin trend, net margin against 3 years ago, revenue growth, ROIC ex-goodwill gap.
Missing from our data, so excluded from this answer: positive EBIT.
Return on equity (12%) and return on invested capital (12%) are within a couple of points in FY2026, so the headline return is the operating return — there is no meaningful leverage effect to strip out.
Converts 1.27x of reported profit into free cash flow over 5 years, with accruals negative.
| Step | Amount | Running total |
|---|---|---|
| Net income | $72M | $72M |
| Share-based comp | not reported | not reported |
| Other non-cash & working capital | $9M | $81M |
| Operating cash flow | $81M | $81M |
| Capex | −$4M | $77M |
| Free cash flow | $77M | $77M |
| Fiscal year | Accruals / assets |
|---|---|
| FY2020 | -0.5 percent |
| FY2021 | -0.2 percent |
| FY2022 | -0.6 percent |
| FY2023 | -0.5 percent |
| FY2024 | -0.4 percent |
| FY2025 | -0.5 percent |
| FY2026 | -0.2 percent |
Below the line, the asset base is being consumed faster than it is replaced.
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.
Shares outstanding are up 22% since FY2020 — per-share cash flow has grown more slowly than the totals above, and the gap is the owners'.
Missing from our data, so excluded from this answer: share_based_compensation.
Leverage is not measurable this way for a bank.
Balance sheet at 2026-06-30. Undrawn revolving credit is not shown: the tag is collected but not yet mapped through to the API.
Funded by deposits, so debt-weighted leverage and a WACC are not defined. Capital adequacy (CET1, LCR) is the right question and is not collected yet.
Missing from our data, so excluded from this answer: capital adequacy metrics for this archetype.
At $71.84, free cash flow must compound -2.06%/yr for 10 years. It has done 13.4%/yr over 6 years.
| Fiscal year | FCF growth | Price requires |
|---|---|---|
| FY2021 | 35.9% | −2.1% |
| FY2022 | 28.3% | −2.1% |
| FY2023 | −10.7% | −2.1% |
| FY2024 | 9.4% | −2.1% |
| FY2025 | 23.0% | −2.1% |
| FY2026 | 1.7% | −2.1% |
The cost of capital could not be computed for this company, so the requirement is solved at the published 10% default — a different rate would move it materially.
Top 23 institutional holders — bubble size is position value, color is the move since last quarter. Hover any holder for detail.
Drag any bubble to rearrange · size = dollar value of the position
Total return (dividends reinvested) vs the market, from quarter-end prices.
Above 0 = ahead of the S&P 500 since the window start; below 0 = behind. Rising means it's pulling ahead.
How far the stock fell below its prior peak. Deeper, longer drawdowns = a rougher ride to the same return.
Quarter-end, dividend-adjusted (total return). Beta & volatility from quarterly returns (annualized). Benchmark is the S&P 500 (SPY total return). Annual returns compound the quarters ending in each calendar year; the first and last years in a window may be partial. Past performance doesn't predict future results.
Last reported position per insider, carried forward. Steps can be a holding disclosed for the first time rather than a trade.
| Date | Insider | What it was | Shares | Price | Value |
|---|---|---|---|---|---|
| 2026-09-09 | 3 co-filers Group filing | Open-market sale | 10,422 | $72.63 | $757k |
| 2026-09-09 | 3 co-filers Group filing | Open-market sale | 429 | $73.29 | $31k |
| 2026-09-08 | 3 co-filers Group filing | Open-market sale | 4,749 | $73.48 | $349k |
| 2026-08-18 | 3 co-filers EVP-CHIEF CREDIT OFFICER |
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.
| 1,600 |
| $75.49 |
| $121k |
| 2026-08-18 | 3 co-filers EVP-CHIEF CREDIT OFFICER | Open-market saleindirect | 900 | $75.61 | $68k |
| 2026-08-18 | 3 co-filers EVP-CHIEF CREDIT OFFICER | Open-market saleindirect | 185 | $75.51 | $14k |
| 2026-07-29 | 5 co-filers EVP-CHIEF CREDIT OFFICER | Option exercise | 2,000 | $37.31 | $75k |
| 2026-07-29 | 5 co-filers EVP-CHIEF CREDIT OFFICER | Option exercise | 2,000 | $34.35 | $69k |
| 2026-07-29 | 5 co-filers EVP-CHIEF CREDIT OFFICER | Other | 1,830 | $78.31 | $143k |
| 2026-07-29 | 5 co-filers EVP-CHIEF CREDIT OFFICER | Option exercise | 2,000 | $34.35 | — |
| 2026-07-29 | 5 co-filers EVP-CHIEF CREDIT OFFICER | Option exercise | 2,000 | $37.31 | — |
| 2026-06-05 | Windes Richard EVP-CHIEF LENDING OFFICER | Open-market sale | 2,000 | $69.70 | $139k |
| 2026-05-27 | 2 co-filers EVP-CHIEF LENDING OFFICER | Option exercise | 2,000 | $37.40 | $75k |
| 2026-05-27 | 2 co-filers EVP-CHIEF LENDING OFFICER | Option exercise | 2,000 | $37.40 | — |
| 2026-05-21 | Windes Richard EVP-CHIEF LENDING OFFICER | Open-market sale | 2,000 | $68.47 | $137k |
| 2026-05-13 | 2 co-filers Group filing | Otherindirect2d late | 20,000 | $0.00 | $0 |
| 2026-05-13 | 2 co-filers Group filing | Otherindirect2d late | 10,000 | $0.00 | $0 |
| 2026-05-11 | Hecker Mark E EVP-CHIEF CREDIT OFFICER | Other | 1,221 | $0.00 | $0 |
| 2026-05-06 | Bagby Douglas Director | Open-market sale | 580 | $68.90 | $40k |
| 2026-05-01 | 2 co-filers EVP-CHIEF LENDING OFFICER | Option exercise | 2,000 | $34.35 | $69k |
| 2026-05-01 | 2 co-filers EVP-CHIEF LENDING OFFICER | Option exercise | 2,000 | $34.35 | — |
| 2026-03-04 | Love Charles R Director | Open-market sale | 580 | $64.00 | $37k |
| 2026-02-24 | Jones Daniel Lee Director | Grant | 400 | $0.00 | $0 |
| 2026-02-24 | Bower Kenneth J Director | Grant | 400 | $0.00 | $0 |
| 2026-02-24 | Mccoy Daniel Patrick Director | Grant | 400 | $0.00 | $0 |
| 2026-02-24 | Butler Jane SVP/Chief Accounting Officer | Grant | 475 | $0.00 | $0 |
| 2026-02-24 | 2 co-filers CHIEF FINANCIAL OFFICER | Grant | 600 | $0.00 | $0 |
| 2026-02-24 | Mcclain David L Director | Grant | 400 | $0.00 | $0 |
| 2026-02-24 | 2 co-filers EXECUTIVE VICE PRESIDENT | Grant | 500 | $0.00 | $0 |
| 2026-02-24 | 2 co-filers PRESIDENT/CHIEF ADMIN OFFICER | Grant | 950 | $0.00 | $0 |
| 2026-02-24 | Robison Dennis C Director | Grant | 400 | $0.00 | $0 |
| 2026-02-24 | 2 co-filers EVP-CHIEF CREDIT OFFICER | Grant | 600 | $0.00 | $0 |
| 2026-02-24 | Love Charles R Director | Grant | 400 | $0.00 | $0 |
| 2026-02-24 | Brooks Rebecca J Director | Grant | 400 | $0.00 | $0 |
| 2026-02-24 | Bagby Douglas Director | Grant | 400 | $0.00 | $0 |
| 2026-02-24 | 2 co-filers CHAIRMAN/CEO | Grant | 600 | $0.00 | $0 |
| 2026-02-24 | Windes Richard EVP-CHIEF LENDING OFFICER | Grant | 1,050 | $0.00 | $0 |
| 2026-02-24 | 2 co-filers EVP-REGIONAL PRESIDENT | Grant | 750 | $0.00 | $0 |
| 2026-02-24 | Hensley Todd E. Director | Grant | 400 | $0.00 | $0 |
| 2026-02-24 | Tooley David J Director | Grant | 400 | $0.00 | $0 |