KAI Kadant Inc Common Stock
$312.95
Price · Aug 19, 2026
Fundamentals as of Aug 12, 2026
52W Range
$245–$354
62% of range
Analyst Rating
STRONG BUY
8 analysts
Price Target
$362
+16% upside
P/E (TTM)
36.2
ROE
11.2%
Net Profit Margin
9.7%
About Kadant Inc Common Stock Company overview from Wikipedia
Kadant Inc. is a company that was established in 1991, as a partly privately owned subsidiary of Thermo Electron, and partly publicly traded company, and was fully spun out and renamed Kadant in 2001. The company supports papermaking, paper recycling, wood processing, material handling, and other processing industries. Kadant is a multi-national corporation with operations in Asia, Europe, North America, and South America.
Read more
Kadant Inc. is a company that was established in 1991, as a partly privately owned subsidiary of Thermo Electron, and partly publicly traded company, and was fully spun out and renamed Kadant in 2001. The company supports papermaking, paper recycling, wood processing, material handling, and other processing industries. Kadant is a multi-national corporation with operations in Asia, Europe, North America, and South America.
History
The company was established as Thermo Fibrotek in 1991 as a wholly owned subsidiary of Thermo Electron as part of its parent's strategy to innovate and grow by creating subsidiaries that were privately owned in part, and publicly traded in part. Its initial focus was paper making and paper recycling equipment.
In 1996, the company set up a subsidiary, Thermo Fibergen, which it in turn made partially publicly traded, to focus on technologies to recover products from paper-making waste products; that company in turn acquired Granulation Technology, Inc. and created a division called GranTek that produced granules from sludge that were used, for example, as a carrier for agricultural chemicals and pesticides. The original plan was that Fibergen would build its plants adjacent to paper-making plants to process their waste, but this plan failed because it required paper-making plants to commit to long-term contracts to dispose of their waste, which they were unwilling to do. The granule business became the focus of Fibergen, helped in part by enzymologist Anatole Klyosov.
In 1997, the company acquired Black Clawson for $110 million.
In 2001, Thermo Electron fully spun out Thermo Fibrotek, which changed its name to Kadant at the same time; the Fibrogen division was renamed to Kadant Composites at the same time. The granule business of Kadant Composites took off when the company started using it as a filler in composite plastics products for decking, with sales growing from under $2 million in 2001 to $15 million in 2004.
In 2013, the company acquired Carmanah Design and Manufacturing Inc. for Canadian dollars (CAD) 54 million in cash, or approximately US$52 million.
Products
Kadant engages in mainly four segments: stock preparation systems; fluid handling systems; roll doctoring, cleaning and filtration; and fiber-based granules.
Kadant provides custom-engineered systems (e.g. recycling and approach flow systems) and equipment (e.g. virgin pulping process equipment). The company also provides fluid-handling systems (e.g. rotary joints, syphons, turbulator bars, precision unions) widely used in the dryer section of the papermaking process, and the production of corrugated boxboard, metals, plastics, rubber, textiles, chemicals, and food. In addition, the company offers doctoring systems (e.g. doctor blades), profiling systems, shower and fabric-conditioning, formation, and water filtration systems. Kadant also provides individual components, widely used in pulping, de-inking, screening, cleaning, refining recycled. The company supplies biodegradable absorbent granules from papermaking byproducts for some agriculture uses.
Research and development
Kadant's Research and Development facilities are based in Europe and the US, engaging in fiber processing, heat transfer, doctoring, and fluid handling. These facilities are located where customers can test under their own operating conditions. The company also holds seminars and training programs.
Source: Wikipedia, CC BY-SA 4.0 · View on Wikipedia ↗
KAI Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
Price
$312.95
Market Cap
$4.58B
P/E (TTM)
36.2
EPS (TTM)
$8.65
Revenue (TTM)
$1.05B
Div Yield
0.35%
ROE
11.2%
Debt/Equity
—
52W Range
$245 – $354
KAI Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view
Configure
10-Year Performance Revenue, net income, margins and EPS trends
Revenue & Net Income
$1.05B
2016-12-31
→
2026-01-03
EPS
$8.65
2016-12-31
→
2026-01-03
Free Cash Flow
$154M
2016-12-31
→
2026-01-03
Margins
9.7%
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
Metric
5Y trend
KAI
Peer Median
P/E (TTM)
36.2
37.6
P/S (TTM)
4.3
3.3
P/B
4.7
3.1
Price / FCF
29.7
—
Profitability Gross, operating and net margins; ROE, ROA, ROIC
Metric
5Y trend
KAI
Peer Median
Operating Margin
14.9%
—
Net Profit Margin
9.7%
8.9%
ROA
6.5%
6.6%
ROE
11.2%
11.9%
ROIC
11.6%
—
Financial Health Debt, liquidity, solvency — balance sheet strength
Metric
5Y trend
KAI
Peer Median
Current Ratio
2.4
2.6
Quick Ratio
1.2
—
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
Metric
5Y trend
KAI
Peer Median
Revenue YoY
-0.11%
—
Revenue CAGR 3Y
5.2%
—
Revenue CAGR 5Y
10.6%
—
EPS YoY
-8.8%
—
Net Income YoY
-8.6%
—
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
Metric
5Y trend
KAI
Peer Median
Payout Ratio
15.5%
—
Dividends Yield, payout ratio, dividend history, 5Y CAGR
Dividend Yield
0.35%
Payout Ratio
15.5%
5Y Div CAGR
—
| Ex-date | Amount |
|---|---|
| July 16, 2026 | $0.3600 |
| April 15, 2026 | $0.3600 |
| Jan. 8, 2026 | $0.3400 |
| Oct. 9, 2025 | $0.3400 |
| July 10, 2025 | $0.3400 |
| April 9, 2025 | $0.3400 |
| Jan. 10, 2025 | $0.3200 |
| Oct. 10, 2024 | $0.3200 |
| July 11, 2024 | $0.3200 |
| April 9, 2024 | $0.3200 |
| Jan. 3, 2024 | $0.2900 |
| Oct. 11, 2023 | $0.2900 |
| July 12, 2023 | $0.2900 |
| April 11, 2023 | $0.2900 |
| Jan. 4, 2023 | $0.2600 |
| Oct. 12, 2022 | $0.2600 |
| July 13, 2022 | $0.2600 |
| April 12, 2022 | $0.2600 |
| Jan. 5, 2022 | $0.2500 |
| Oct. 13, 2021 | $0.2500 |
KAI Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
BUY
8 analysts
- Strong Buy 3 37.5%
- Buy 2 25.0%
- Hold 3 37.5%
- Sell 0 0.0%
- Strong Sell 0 0.0%
12-Month Price Target
3 analysts · 2026-08-15
Median
$370.00
Mean
$361.67
← Below all targets
$312.95
Low
$335.00
High
$380.00
Median target
$370.00
+18.2%
Mean target
$361.67
+15.6%
Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
Avg Surprise
0.32%
| Period | EPS Actual | EPS Est | Surprise |
|---|---|---|---|
| June 30, 2026 | $3.42 | $2.97 | 0.45% |
| March 31, 2026 | $2.84 | $2.11 | 0.73% |
| Dec. 31, 2025 | $2.27 | $2.21 | 0.06% |
| Sept. 30, 2025 | $2.59 | $2.20 | 0.39% |
| June 30, 2025 | $2.31 | $2.10 | 0.21% |
| March 31, 2025 | $2.10 | $1.99 | 0.11% |
Peer comparison (GICS sub-industry) Key metrics vs sector peers
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| KAI | $4.19B | 33.1 | -0.11% | 9.7% | 11.2% | — |
| ALH | $4.02B | 36.3 | 13.3% | 5.9% | 94.4% | 37.6% |
| FELE | $4.22B | 29.7 | 5.4% | 6.9% | 11.4% | 35.5% |
| CECO | $2.13B | 43.7 | 0.00% | 6.7% | 17.7% | 35.9% |
| SXI | $4.31B | 41.3 | 12.8% | 11.7% | 14.4% | 41.7% |
| MWA | $3.99B | 20.9 | 8.8% | 13.4% | 20.7% | 36.1% |
| SPXC | $9.98B | 39.8 | 14.2% | 10.8% | 12.9% | — |
| WOR | $2.76B | 18.1 | 19.7% | 11.3% | 15.9% | 27.4% |
| HLIO | $1.81B | 37.7 | 4.1% | 5.8% | 5.2% | 32.3% |
| KMT | — | 7.9 | 19.8% | 14.5% | 24.0% | 41.2% |
| GRC | $1.26B | 23.6 | 3.4% | 7.8% | 13.1% | 30.6% |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement 17
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.05B | $1.05B | $958M | $905M | $787M | $635M | $705M | $634M | $515M | $414M | $390M | $402M | |
| Cost of Revenue | $577M | $587M | $541M | $515M | $449M | $358M | $411M | $356M | $284M | $226M | $210M | $224M | |
| R&D Expense | $15M | $14M | $14M | $13M | $11M | $11M | $11M | $11M | $10M | $7M | $7M | $6M | |
| SG&A Expense | $302M | $280M | $236M | $224M | $209M | $182M | $193M | $177M | $160M | $135M | $123M | $129M | |
| Operating Expenses | $895M | $882M | $792M | $733M | $670M | $554M | $617M | $545M | $453M | $367M | $340M | $360M | |
| Operating Income | $157M | $171M | $166M | $171M | $117M | $81M | $88M | $89M | $62M | $47M | $50M | $42M | |
| Interest Expense | · | · | $8M | $6M | $5M | $7M | $13M | $7M | $4M | $1M | $948.0K | $966.0K | |
| Interest Income | $2M | $2M | $2M | $904.0K | $267.0K | $181.0K | $213.0K | $379.0K | $447.0K | $269.0K | $200.0K | $398.0K | |
| Other Non-op | · | $-658.0K | $43.0K | $0 | · | · | · | · | · | · | · | · | |
| Pretax Income | $144M | $153M | $159M | $166M | $112M | $74M | $69M | $80M | $58M | $45M | $49M | $42M | |
| Income Tax | $40M | $41M | $42M | $44M | $27M | $18M | $16M | $18M | $26M | $12M | $15M | $12M | |
| Net Income | $102M | $112M | $116M | $121M | $84M | $55M | $52M | $60M | $31M | $32M | $34M | $29M | |
| EPS (Basic) | $8.66 | $9.51 | $9.92 | $10.38 | $7.26 | $4.81 | $4.63 | $5.45 | $2.83 | $2.95 | $3.16 | $2.61 | |
| EPS (Diluted) | $8.65 | $9.48 | $9.90 | $10.35 | $7.21 | $4.77 | $4.54 | $5.30 | $2.75 | $2.88 | $3.10 | $2.56 | |
| Shares (Basic) | 11,773,000 | 11,739,000 | 11,700,000 | 11,654,000 | 11,579,000 | 11,482,000 | 11,235,000 | 11,086,000 | 10,991,000 | 10,869,000 | 10,867,000 | 10,988,000 | |
| Shares (Diluted) | 11,794,000 | 11,771,000 | 11,729,000 | 11,688,000 | 11,655,000 | 11,564,000 | 11,457,000 | 11,400,000 | 11,312,000 | 11,149,000 | 11,094,000 | 11,210,000 | |
| EBITDA | $209M | $221M | $199M | $206M | $151M | $112M | $120M | $112M | $80M | $60M | $61M | $53M |
Balance Sheet 27
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $120M | $95M | $104M | $76M | $91M | $66M | $67M | $46M | $75M | $71M | $66M | $45M | |
| Receivables | $159M | $142M | $134M | $130M | $117M | $92M | $96M | $93M | $90M | $66M | $64M | $59M | |
| Inventory | $207M | $146M | $153M | $164M | $134M | $107M | $103M | $86M | $85M | $55M | $57M | $55M | |
| Other Current Assets | $47M | $39M | $39M | $27M | $30M | $17M | $18M | $12M | $12M | $10M | $11M | $9M | |
| Current Assets | $542M | $442M | $440M | $415M | $384M | $290M | $298M | $253M | $266M | $207M | $205M | $184M | |
| PP&E (Net) | · | · | · | · | · | $85M | $86M | $80M | $80M | $48M | $42M | $45M | |
| PP&E (Gross) | · | · | · | · | · | · | $181M | $171M | $165M | $124M | $118M | $119M | |
| Accum. Depreciation | $174M | $145M | $133M | $121M | $114M | $108M | $95M | $91M | $86M | $77M | $76M | $74M | |
| Goodwill | $556M | $479M | $392M | $385M | $397M | $352M | $336M | $258M | $268M | $151M | $119M | $128M | |
| Intangibles | $350M | $279M | $159M | $176M | $199M | $161M | $174M | $113M | $133M | $53M | $38M | $47M | |
| Other Non-current Assets | $68M | $59M | $44M | $55M | $44M | $40M | $46M | $21M | $14M | $11M | $11M | $10M | |
| Total Assets | $1.71B | $1.43B | $1.18B | $1.15B | $1.13B | $928M | $939M | $726M | $761M | $471M | $415M | $414M | |
| Accounts Payable | $53M | $51M | $42M | $58M | $59M | $32M | $46M | $36M | $35M | $24M | $24M | $27M | |
| Current Liabilities | $228M | $192M | $214M | $213M | $221M | $135M | $146M | $129M | $132M | $89M | $97M | $87M | |
| Capital Leases | $33M | $28M | $19M | $18M | $20M | $22M | $24M | · | · | · | · | · | |
| Deferred Tax | $62M | $42M | $36M | $39M | $35M | $22M | $20M | $23M | $29M | $15M | $9M | $19M | |
| Other Non-current Liabilities | $59M | $54M | $41M | $45M | $46M | $42M | $48M | $25M | $26M | $17M | $16M | $17M | |
| Long-term Debt | $373M | $287M | $109M | $199M | $265M | $228M | $295M | · | · | · | $31M | $26M | |
| Total Debt | · | · | · | · | · | · | · | · | · | · | $31M | $26M | |
| Common Stock | $146.0K | $146.0K | $146.0K | $146.0K | $146.0K | $146.0K | $146.0K | $146.0K | $146.0K | $146.0K | $146.0K | $146.0K | |
| Paid-in Capital | $139M | $130M | $125M | $120M | $116M | $111M | $107M | $105M | $103M | $101M | $101M | $99M | |
| Retained Earnings | $946M | $860M | $763M | $661M | $552M | $479M | $435M | $394M | $343M | $321M | $297M | $270M | |
| Treasury Stock | $69M | $71M | $71M | $72M | $74M | $76M | $79M | $86M | $89M | $90M | $94M | $88M | |
| AOCI | $-35M | $-72M | $-43M | $-55M | $-30M | $-19M | $-38M | $-39M | $-27M | $-50M | $-37M | $-17M | |
| Stockholders' Equity | $980M | $847M | $774M | $654M | $564M | $495M | $426M | $373M | $331M | $283M | $267M | $264M | |
| Liabilities + Equity | $1.71B | $1.43B | $1.18B | $1.15B | $1.13B | $928M | $939M | $726M | $761M | $471M | $415M | $414M | |
| Shares Outstanding | 14,624,159 | 14,624,159 | 14,624,159 | 14,624,159 | 14,624,159 | 14,624,159 | 14,624,159 | · | · | · | · | · |
Cash Flow 18
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $51M | $50M | $33M | $35M | $34M | $31M | $32M | $24M | $19M | $14M | $11M | $11M | |
| Stock-based Comp | $11M | $11M | $10M | $9M | $9M | $7M | $7M | $7M | $6M | $5M | $6M | $6M | |
| Deferred Tax | $2M | $1M | $-2M | $7M | $-1M | $142.0K | $-2M | $-4M | $578.0K | $-613.0K | $-2M | $3M | |
| Amort. of Intangibles | $28M | $29M | $18M | $21M | $21M | $19M | $20M | $14M | $12M | $8M | $5M | $6M | |
| Restructuring | · | $0 | $766.0K | $1M | $176.0K | $1M | · | $2M | $203.0K | · | $515.0K | · | |
| Other Non-cash | $4M | $-18M | $8M | $-69M | $37M | $-564.0K | $9M | $-24M | $8M | $144.0K | $-11M | $260.0K | |
| Operating Cash Flow | $171M | $155M | $166M | $103M | $162M | $93M | $97M | $63M | $65M | $51M | $40M | $51M | |
| CapEx | $17M | $21M | $32M | $28M | $13M | $8M | $10M | $17M | $17M | $6M | $5M | $7M | |
| Investing Cash Flow | $-205M | $-319M | $-31M | $-30M | $-154M | $-15M | $-187M | $-16M | $-222M | · | · | · | |
| Stock Issued | $5M | $2M | $0 | $1M | $2M | $3M | $5M | $813.0K | $0 | $2M | $754.0K | $1M | |
| Stock Repurchased | · | · | · | · | · | · | · | · | $0 | $0 | $10M | $15M | |
| Net Stock Activity | $5M | $2M | $0 | $1M | $2M | $3M | $5M | $813.0K | $0 | $2M | $-9M | $-14M | |
| Dividends Paid | $16M | $15M | $13M | $12M | $11M | $11M | $10M | $10M | $9M | $8M | $7M | $6M | |
| Financing Cash Flow | $54M | $160M | $-111M | $-81M | $23M | $-85M | $112M | $-74M | $150M | · | · | · | |
| Net Change in Cash | $27M | $-11M | $27M | $-14M | $28M | $-2M | $22M | $-31M | $3M | · | · | · | |
| Taxes Paid | $44M | $42M | $48M | $37M | $24M | $18M | $25M | $26M | $21M | $16M | $11M | $10M | |
| Free Cash Flow | $154M | $134M | $134M | $74M | $150M | $85M | $87M | $46M | $48M | $45M | $32M | $42M | |
| Levered FCF | · | · | $128M | $70M | $146M | $80M | $78M | $41M | $46M | $44M | $32M | $41M |
Profitability 7
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Margin | 14.9% | 16.3% | 17.3% | 18.9% | 14.8% | 12.8% | 12.5% | 14.0% | 11.8% | 11.0% | 12.8% | 10.5% | |
| Net Margin | 9.7% | 10.6% | 12.1% | 13.4% | 10.7% | 8.7% | 7.4% | 9.5% | 6.0% | 7.8% | 8.8% | 7.1% | |
| Pretax Margin | 13.7% | 14.5% | 16.6% | 18.3% | 14.2% | 11.6% | 9.8% | 12.6% | 11.2% | 10.8% | 12.7% | 10.3% | |
| EBITDA Margin | 19.8% | 21.0% | 20.8% | 22.8% | 19.2% | 17.7% | 17.1% | 17.7% | 15.6% | 14.5% | 15.6% | 13.2% | |
| ROA | 6.5% | 8.6% | 10.0% | 10.6% | 8.2% | 5.9% | 6.2% | 8.1% | 5.1% | 7.2% | 8.3% | 6.7% | |
| ROE | 11.2% | 13.8% | 16.3% | 19.9% | 15.9% | 12.0% | 13.0% | 17.2% | 10.1% | 11.7% | 13.0% | 10.7% | |
| ROIC | 11.6% | 14.9% | 15.7% | 19.2% | 15.7% | 12.4% | 15.7% | 18.2% | 10.1% | 11.8% | 11.8% | 10.2% |
Liquidity & Solvency 5
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 2.4 | 2.3 | 2.1 | 1.9 | 1.7 | 2.2 | 2.0 | 2.0 | 2.0 | 2.3 | 2.1 | 2.1 | |
| Quick Ratio | 1.2 | 1.2 | 1.1 | 1.0 | 0.9 | 1.2 | 1.1 | 1.1 | 1.2 | 1.5 | 1.3 | 1.2 | |
| Debt / Equity | · | · | · | · | · | · | · | · | · | · | 0.1 | 0.1 | |
| LT Debt / Equity | · | · | · | · | · | · | · | · | · | · | 0.1 | 0.1 | |
| Interest Coverage | · | · | 19.7 | 26.4 | 24.2 | 10.9 | 6.9 | 12.6 | 17.1 | 35.2 | 52.9 | 43.6 |
Efficiency 3
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.7 | 0.8 | 0.8 | 0.8 | 0.8 | 0.7 | 0.8 | 0.9 | 0.8 | 0.9 | 0.9 | 0.9 | |
| Inventory Turnover | 3.3 | 3.9 | 3.4 | 3.5 | 3.7 | 3.4 | 4.3 | 4.2 | 4.1 | 4.0 | 3.8 | 3.8 | |
| Receivables Turnover | 7.0 | 7.6 | 7.2 | 7.3 | 7.5 | 6.8 | 7.5 | 7.0 | 6.6 | 6.4 | 6.4 | 6.2 |
Growth Rates 10
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue YoY | -0.11% | 10.0% | 5.9% | 15.0% | 23.9% | · | · | · | · | · | · | · | |
| Revenue CAGR 3Y | 5.2% | 10.2% | 14.7% | · | · | · | · | · | · | · | · | · | |
| Revenue CAGR 5Y | 10.6% | · | · | · | · | · | · | · | · | · | · | · | |
| EPS YoY | -8.8% | -4.2% | -4.3% | 43.5% | 51.1% | · | · | · | · | · | · | · | |
| EPS CAGR 3Y | -5.8% | 9.6% | 27.6% | · | · | · | · | · | · | · | · | · | |
| EPS CAGR 5Y | 12.6% | · | · | · | · | · | · | · | · | · | · | · | |
| Net Income YoY | -8.6% | -3.9% | -4.0% | 43.9% | 52.3% | · | · | · | · | · | · | · | |
| Net Income CAGR 3Y | -5.5% | 9.9% | 28.1% | · | · | · | · | · | · | · | · | · | |
| Net Income CAGR 5Y | 13.1% | · | · | · | · | · | · | · | · | · | · | · | |
| Dividend CAGR 5Y | 7.7% | · | · | · | · | · | · | · | · | · | · | · |
Valuation (TTM) 13
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $1.05B | $1.05B | $958M | $905M | $787M | $635M | $705M | $634M | $515M | $414M | $390M | $402M | |
| Net Income TTM | $102M | $112M | $116M | $121M | $84M | $55M | $52M | $60M | $31M | $32M | $34M | $29M | |
| Market Cap | $4.19B | $5.13B | $4.10B | $2.60B | · | · | · | · | · | · | · | · | |
| P/E | 33.1 | 37.0 | 28.3 | 17.2 | 32.0 | 29.6 | 23.3 | 15.3 | 36.5 | 21.2 | 13.1 | 16.6 | |
| P/S | 4.0 | 4.9 | 4.3 | 2.9 | · | · | · | · | · | · | · | · | |
| P/B | 4.3 | 6.1 | 5.3 | 4.0 | · | · | · | · | · | · | · | · | |
| P / Tangible Book | 56.7 | 58.0 | 18.4 | 28.0 | · | · | · | · | · | · | · | · | |
| P / Cash Flow | 24.4 | 33.0 | 24.8 | 25.3 | · | · | · | · | · | · | · | · | |
| P / FCF | 27.1 | 38.2 | 30.7 | 34.9 | · | · | · | · | · | · | · | · | |
| Dividend Yield | 0.38% | 0.29% | 0.32% | 0.46% | · | · | · | · | · | · | · | · | |
| Earnings Yield | 3.0% | 2.7% | 3.5% | 5.8% | 3.1% | 3.4% | 4.3% | 6.5% | 2.7% | 4.7% | 7.6% | 6.0% | |
| Payout Ratio | 15.5% | 13.2% | 11.4% | 9.9% | 13.6% | 19.8% | 19.6% | 16.0% | 29.0% | 25.1% | 20.9% | 22.1% | |
| Annual Payout | $16M | $15M | $13M | $12M | $11M | $11M | $10M | $10M | $9M | $8M | $7M | $6M |
Income Statement 16
| Metric | Trend | Q2 2027 | Q1 2027 | Q4 2025 | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q4 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $313M | $282M | $257M | $272M | $255M | $239M | $258M | $272M | $275M | $249M | $239M | $244M | $230M | $284M | |
| Cost of Revenue | $176M | $155M | $135M | $149M | $138M | $129M | $146M | $150M | $153M | $138M | $137M | $138M | $128M | $165M | |
| R&D Expense | $4M | $4M | $5M | $4M | $4M | $4M | $4M | $3M | $3M | $4M | $3M | $3M | $3M | $4M | |
| SG&A Expense | $82M | $83M | $93M | $76M | $74M | $71M | $71M | $69M | $70M | $70M | $60M | $58M | $59M | $60M | |
| Operating Expenses | $262M | $241M | $234M | $229M | $216M | $204M | $221M | $223M | $226M | $212M | $200M | $201M | $190M | $230M | |
| Operating Income | $51M | $40M | $23M | $43M | $39M | $36M | $37M | $49M | $48M | $37M | $39M | $44M | $40M | $54M | |
| Interest Expense | · | · | · | · | · | · | · | · | · | $5M | · | $2M | $2M | · | |
| Interest Income | $495.0K | $351.0K | $543.0K | $373.0K | $439.0K | $517.0K | $529.0K | $407.0K | $368.0K | $611.0K | $705.0K | $438.0K | $299.0K | $460.0K | |
| Pretax Income | $46M | $36M | $23M | $40M | $36M | $32M | $33M | $44M | $44M | $33M | $38M | $42M | $38M | $52M | |
| Income Tax | $13M | $10M | $8M | $12M | $10M | $8M | $9M | $12M | $12M | $8M | $10M | $11M | $10M | $15M | |
| Net Income | $32M | $26M | $14M | $28M | $26M | $24M | $24M | $32M | $31M | $25M | $27M | $31M | $28M | $37M | |
| EPS (Basic) | $2.75 | $2.16 | $1.20 | $2.35 | $2.22 | $2.05 | $2.05 | $2.69 | $2.66 | $2.11 | $2.34 | $2.64 | $2.40 | $3.17 | |
| EPS (Diluted) | $2.75 | $2.16 | $1.21 | $2.35 | $2.22 | $2.04 | $2.04 | $2.68 | $2.66 | $2.10 | $2.33 | $2.63 | $2.40 | $3.15 | |
| Shares (Basic) | 11,808,000 | 11,794,000 | -23,439,000 | 11,777,000 | 11,776,000 | 11,760,000 | -23,473,000 | 11,745,000 | 11,743,000 | 11,724,000 | 3,000 | 11,706,000 | 11,681,000 | -23,189,000 | |
| Shares (Diluted) | 11,819,000 | 11,802,000 | -23,496,000 | 11,802,000 | 11,793,000 | 11,776,000 | -23,519,000 | 11,780,000 | 11,766,000 | 11,744,000 | 10,000 | 11,740,000 | 11,694,000 | -23,268,000 | |
| EBITDA | $51M | $55M | · | $43M | $39M | $48M | · | $49M | $48M | $49M | · | $44M | $49M | · |
Balance Sheet 24
| Metric | Trend | Q2 2027 | Q1 2027 | Q4 2025 | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q4 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $135M | $117M | $120M | $124M | $95M | $92M | $95M | $88M | $74M | $81M | $104M | $77M | $81M | $76M | |
| Receivables | $169M | $172M | $159M | $159M | $153M | $146M | $142M | $155M | $150M | $150M | · | $140M | $131M | · | |
| Inventory | $216M | $215M | $207M | $180M | $169M | $154M | $146M | $169M | $174M | $172M | · | $164M | $179M | · | |
| Other Current Assets | $49M | $50M | $47M | $45M | $45M | $41M | $39M | $41M | $42M | $40M | · | $41M | $42M | · | |
| Current Assets | $581M | $563M | $542M | $520M | $475M | $447M | $442M | $470M | $455M | $455M | · | $436M | $450M | · | |
| Accum. Depreciation | $184M | $178M | · | $164M | $159M | $152M | · | $146M | $139M | $135M | · | $128M | $126M | · | |
| Goodwill | $661M | $551M | $556M | $497M | $498M | $485M | $479M | $493M | $478M | $460M | $392M | $384M | $388M | $385M | |
| Intangibles | $354M | $341M | $350M | $271M | $273M | $275M | $279M | $292M | $290M | $274M | · | $161M | $171M | · | |
| Other Non-current Assets | $65M | $66M | $68M | $67M | $64M | $59M | $59M | $60M | $59M | $50M | · | $44M | $39M | · | |
| Total Assets | $1.89B | $1.71B | $1.71B | $1.53B | $1.48B | $1.44B | $1.43B | $1.49B | $1.46B | $1.41B | $1.18B | $1.15B | $1.17B | $1.15B | |
| Accounts Payable | $56M | $55M | $53M | $51M | $53M | $49M | $51M | $51M | $54M | $56M | · | $44M | $58M | · | |
| Current Liabilities | $224M | $227M | $228M | $213M | $200M | $181M | $192M | $205M | $202M | $222M | · | $214M | $226M | · | |
| Capital Leases | · | · | $33M | · | · | · | $28M | · | · | · | · | · | · | · | |
| Deferred Tax | $64M | $63M | $62M | $46M | $45M | $43M | $42M | $41M | $41M | $41M | · | $38M | $40M | · | |
| Other Non-current Liabilities | $60M | $57M | $59M | $58M | $57M | $52M | $54M | $57M | $52M | $45M | · | $43M | $41M | · | |
| Long-term Debt | · | · | $373M | · | · | · | · | · | · | · | · | · | · | · | |
| Common Stock | $146.0K | $146.0K | $146.0K | $146.0K | $146.0K | $146.0K | $146.0K | $146.0K | $146.0K | $146.0K | · | $146.0K | $146.0K | · | |
| Paid-in Capital | $139M | $136M | $139M | $134M | $131M | $128M | $130M | $127M | $125M | $122M | · | $122M | $118M | · | |
| Retained Earnings | $995M | $967M | $946M | $926M | $902M | $880M | $860M | $839M | $812M | $784M | · | $739M | $685M | · | |
| Treasury Stock | $69M | $69M | $69M | $70M | $70M | $70M | $71M | $71M | $71M | $71M | · | $71M | $72M | · | |
| AOCI | $-43M | $-39M | $-35M | $-40M | $-38M | $-62M | $-72M | $-45M | $-58M | $-53M | · | $-59M | $-49M | · | |
| Stockholders' Equity | $1.02B | $996M | $980M | $950M | $926M | $876M | $847M | $852M | $808M | $783M | · | $732M | $682M | · | |
| Liabilities + Equity | $1.89B | $1.71B | $1.71B | $1.53B | $1.48B | $1.44B | $1.43B | $1.49B | $1.46B | $1.41B | · | $1.15B | $1.17B | · | |
| Shares Outstanding | 14,624,159 | 14,624,159 | 14,624,159 | 14,624,159 | 14,624,159 | 14,624,159 | 14,624,159 | 14,624,159 | 14,624,159 | 14,624,159 | 14,624,159 | 14,624,159 | 14,624,159 | 14,624,159 |
Cash Flow 15
| Metric | Trend | Q2 2027 | Q1 2027 | Q4 2025 | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q4 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $16M | $15M | $15M | $12M | $12M | $12M | $13M | $13M | $12M | $12M | $8M | $8M | $8M | $9M | |
| Stock-based Comp | $3M | $3M | $3M | $3M | $3M | $3M | $3M | $3M | $3M | $2M | $3M | $2M | $2M | $2M | |
| Restructuring | · | · | · | · | · | · | · | · | · | · | · | $398.0K | · | $1M | |
| Other Non-cash | · | $-21M | · | · | · | $-16M | · | · | · | $-16M | · | · | $-2M | · | |
| Operating Cash Flow | $54M | $22M | $68M | $47M | $40M | $23M | $52M | $52M | $28M | $23M | $59M | $47M | $37M | $35M | |
| CapEx | $11M | $3M | $2M | $3M | $4M | $4M | $6M | $4M | $5M | $6M | $10M | $9M | $4M | $16M | |
| Investing Cash Flow | $-181M | $-4M | $110M | $-19M | $-3M | $-4M | $-3M | $-14M | $-64M | $-237M | $-11M | $-7M | $-4M | $-16M | |
| Stock Issued | $0 | $0 | $3M | $0 | $0 | $2M | $0 | $0 | $0 | $2M | $0 | $0 | $0 | $1M | |
| Net Stock Activity | · | $0 | · | · | · | $2M | · | · | · | $2M | · | · | · | · | |
| Dividends Paid | $4M | $4M | $5M | $4M | $4M | $4M | $4M | $4M | $4M | $3M | $3M | $3M | $3M | $3M | |
| Financing Cash Flow | $147M | $-20M | $-143M | $2M | $-38M | $-23M | $-37M | $-26M | $30M | $193M | $-25M | $-29M | $-28M | $-18M | |
| Net Change in Cash | $18M | $-3M | $43M | $30M | $3M | $-2M | $6M | $15M | $-7M | $-24M | $27M | $9M | $6M | $5M | |
| Taxes Paid | $16M | $9M | $11M | $10M | $13M | $11M | $9M | $10M | $16M | $7M | $13M | $10M | $10M | $8M | |
| Free Cash Flow | · | $19M | · | · | · | $19M | · | · | · | $17M | · | · | $32M | · | |
| Levered FCF | · | · | · | · | · | · | · | · | · | $13M | · | · | $31M | · |
Profitability 7
| Metric | Trend | Q2 2027 | Q1 2027 | Q4 2025 | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q4 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Margin | 16.3% | 14.2% | · | 15.7% | 15.4% | 14.9% | · | 18.0% | 17.6% | 14.8% | · | 17.8% | 17.5% | · | |
| Net Margin | 10.4% | 9.1% | · | 10.2% | 10.2% | 10.1% | · | 11.6% | 11.4% | 9.9% | · | 12.6% | 12.2% | · | |
| Pretax Margin | 14.7% | 12.8% | · | 14.7% | 14.3% | 13.5% | · | 16.2% | 15.9% | 13.2% | · | 17.1% | 16.6% | · | |
| EBITDA Margin | 16.3% | 19.4% | · | 15.7% | 15.4% | 19.9% | · | 18.0% | 17.6% | 19.6% | · | 17.8% | 21.1% | · | |
| ROA | 1.9% | 1.6% | · | 1.8% | 1.8% | 1.7% | · | 2.4% | 2.4% | 1.9% | · | 2.7% | · | · | |
| ROE | 3.3% | 2.7% | · | 3.1% | 3.0% | 2.9% | · | 4.0% | 4.1% | 3.4% | · | 4.6% | · | · | |
| ROIC | 3.5% | 2.9% | · | 3.2% | 3.1% | 3.1% | · | 4.2% | 4.3% | 3.6% | · | 4.4% | · | · |
Liquidity & Solvency 3
| Metric | Trend | Q2 2027 | Q1 2027 | Q4 2025 | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q4 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 2.6 | 2.5 | · | 2.4 | 2.4 | 2.5 | · | 2.3 | 2.3 | 2.0 | · | 2.0 | · | · | |
| Quick Ratio | 1.4 | 1.3 | · | 1.3 | 1.2 | 1.3 | · | 1.2 | 1.1 | 1.0 | · | 1.0 | · | · | |
| Interest Coverage | · | · | · | · | · | · | · | · | · | 7.9 | · | 20.7 | 16.9 | · |
Efficiency 3
| Metric | Trend | Q2 2027 | Q1 2027 | Q4 2025 | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q4 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.2 | 0.2 | · | 0.2 | 0.2 | 0.2 | · | 0.2 | 0.2 | 0.2 | · | 0.2 | · | · | |
| Inventory Turnover | 0.9 | 0.8 | · | 0.9 | 0.8 | 0.8 | · | 0.9 | 0.9 | 0.8 | · | 0.9 | · | · | |
| Receivables Turnover | 1.9 | 1.8 | · | 1.7 | 1.7 | 1.6 | · | 1.8 | 1.9 | 1.8 | · | 1.8 | · | · |
Valuation (TTM) 11
| Metric | Trend | Q2 2027 | Q1 2027 | Q4 2025 | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q4 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $1.12B | $1.05B | · | $1.04B | $1.04B | $1.03B | · | $1.04B | $1.01B | $968M | · | $944M | $902M | · | |
| Net Income TTM | $112M | $103M | · | $110M | $113M | $112M | · | $118M | $117M | $113M | · | $116M | $123M | · | |
| Market Cap | $4.52B | $4.19B | · | $4.43B | $4.59B | $4.91B | · | $4.90B | $4.30B | $4.80B | · | $3.30B | · | · | |
| P/E | 32.6 | 32.7 | · | 32.6 | 32.7 | 35.4 | · | 33.3 | 29.6 | 33.9 | · | 22.7 | 19.8 | · | |
| P/S | 4.0 | 4.0 | · | 4.3 | 4.4 | 4.7 | · | 4.7 | 4.2 | 5.0 | · | 3.5 | · | · | |
| P/B | 4.4 | 4.2 | · | 4.7 | 5.0 | 5.6 | · | 5.8 | 5.3 | 6.1 | · | 4.5 | · | · | |
| P / Tangible Book | 556.9 | 40.6 | · | 24.3 | 29.5 | 42.1 | · | 73.8 | 107.5 | 98.0 | · | 17.7 | · | · | |
| P / Cash Flow | · | 191.2 | · | · | · | 215.2 | · | · | · | 210.2 | · | · | · | · | |
| P / FCF | · | 224.6 | · | · | · | 258.6 | · | · | · | 289.7 | · | · | · | · | |
| Earnings Yield | 3.1% | 3.1% | · | 3.1% | 3.1% | 2.8% | · | 3.0% | 3.4% | 2.9% | · | 4.4% | 5.1% | · | |
| Payout Ratio | · | 15.7% | · | · | · | 15.6% | · | · | · | 13.8% | · | · | 10.8% | · |
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
Income Statement
| 2026-01-03 | 2024-12-28 | 2023-12-30 | 2022-12-31 | 2022-01-01 | |
|---|---|---|---|---|---|
| Revenue | $1.05B | $1.05B | $958M | $905M | $787M |
| Operating Margin % | 14.9% | 16.3% | 17.3% | 18.9% | 14.8% |
| Net Income | $102M | $112M | $116M | $121M | $84M |
| Diluted EPS | $8.65 | $9.48 | $9.90 | $10.35 | $7.21 |
Balance Sheet
| 2026-01-03 | 2024-12-28 | 2023-12-30 | 2022-12-31 | 2022-01-01 | |
|---|---|---|---|---|---|
| Current Ratio | 2.4 | 2.3 | 2.1 | 1.9 | 1.7 |
| Quick Ratio | 1.2 | 1.2 | 1.1 | 1.0 | 0.9 |
Cash Flow
| 2026-01-03 | 2024-12-28 | 2023-12-30 | 2022-12-31 | 2022-01-01 | |
|---|---|---|---|---|---|
| Free Cash Flow | $154M | $134M | $134M | $74M | $150M |
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Institutional owners (13F) 353 filers · $2.9B total · As of June 30, 2026
Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.
Institutional activity — Q2 2026 vs prior quarter
| New positions | Exited positions | Increased | Decreased | Net shares change |
|---|---|---|---|---|
| 38 (-17 vs prior Q) | 22 (-6 vs prior Q) | 110 (-3 vs prior Q) | 108 (+13 vs prior Q) | +244K |
Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.
| Institution | Value | Shares | % of tracked 13F | Type |
|---|---|---|---|---|
| VANGUARD GROUP INC | $341,879,495 | 1,199,493 | 11.67% | Shares |
| WASATCH ADVISORS LP | $303,619,362 | 1,038,548 | 10.36% | Shares |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $223,375,737 | 710,867 | 7.62% | Shares |
| VANGUARD CAPITAL MANAGEMENT LLC | $167,279,084 | 532,346 | 5.71% | Shares |
| STATE STREET CORP | $151,741,224 | 482,921 | 5.18% | Shares |
| Capital International Investors | $142,834,503 | 454,554 | 4.87% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $94,312,889 | 300,085 | 3.22% | Shares |
| NEUBERGER BERMAN GROUP LLC | $90,631,161 | 288,423 | 3.09% | Shares |
| ROYCE & ASSOCIATES LP | $83,493,739 | 265,709 | 2.85% | Shares |
| DIMENSIONAL FUND ADVISORS LP | $83,318,464 | 265,151 | 2.84% | Shares |
| Capital World Investors | $79,756,287 | 253,815 | 2.72% | Shares |
| NOMURA ASSET MANAGEMENT INTERNATIONAL INC. | $66,419,000 | 211,370 | 2.27% | Shares |
| Grandeur Peak Global Advisors, LLC | $66,313,842 | 211,036 | 2.26% | Shares |
| KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC | $61,686,806 | 196,311 | 2.11% | Shares |
| RIVERBRIDGE PARTNERS LLC | $61,140,526 | 194,573 | 2.09% | Shares |
| BROWN BROTHERS HARRIMAN & CO | $47,711,741 | 151,837 | 1.63% | Shares |
| Conestoga Capital Advisors, LLC | $47,217,875 | 150,265 | 1.61% | Shares |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $43,191,856 | 137,453 | 1.47% | Shares |
| Champlain Investment Partners, LLC | $33,721,907 | 107,316 | 1.15% | Shares |
| NORGES BANK | $33,358,657 | 106,160 | 1.14% | Shares |
| Select Equity Group, L.P. | $31,910,371 | 101,551 | 1.09% | Shares |
| RAYMOND JAMES FINANCIAL INC | $28,830,815 | 91,751 | 0.98% | Shares |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ | $27,922,792 | 88,861 | 0.95% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $26,728,718 | 85,061 | 0.91% | Shares |
| FMR LLC | $26,349,448 | 83,854 | 0.90% | Shares |
| Grantham, Mayo, Van Otterloo & Co. LLC | $25,007,367 | 79,583 | 0.85% | Shares |
| DUDLEY & SHANLEY, INC. | $23,798,209 | 75,735 | 0.81% | Shares |
| LOOMIS SAYLES & CO L P | $23,637,191 | 75,223 | 0.81% | Shares |
| GOLDMAN SACHS GROUP INC | $20,347,335 | 64,753 | 0.69% | Shares |
| Chevy Chase Trust Holdings, LLC | $19,882,869 | 63,275 | 0.68% | Shares |
| BANK OF AMERICA CORP /DE/ | $17,454,847 | 55,548 | 0.60% | Shares |
| MetLife Investment Management, LLC | $17,294,591 | 55,038 | 0.59% | Shares |
| Pictet Asset Management Holding SA | $17,176,440 | 54,662 | 0.59% | Shares |
| ENVESTNET ASSET MANAGEMENT INC | $15,737,640 | 50,083 | 0.54% | Shares |
| SOUTHERNSUN ASSET MANAGEMENT, LLC | $15,297,031 | 48,681 | 0.52% | Shares |
| Bank of New York Mellon Corp | $14,521,511 | 46,213 | 0.50% | Shares |
| JANUS HENDERSON GROUP PLC | $13,177,092 | 45,073 | 0.45% | Shares |
| Aptus Capital Advisors, LLC | $13,128,844 | 41,781 | 0.45% | Shares |
| Public Sector Pension Investment Board | $12,747,997 | 40,569 | 0.44% | Shares |
| Aberdeen Group plc | $11,827,617 | 37,640 | 0.40% | Shares |
| EULAV Asset Management | $11,249,434 | 35,800 | 0.38% | Shares |
| SUSQUEHANNA FUNDAMENTAL INVESTMENTS, LLC | $10,220,331 | 32,525 | 0.35% | Shares |
| RHUMBLINE ADVISERS | $9,489,101 | 30,198 | 0.32% | Shares |
| FIFTH THIRD BANCORP | $9,340,831 | 29,726 | 0.32% | Shares |
| ArrowMark Colorado Holdings LLC | $8,657,979 | 27,553 | 0.30% | Shares |
| AMERIPRISE FINANCIAL INC | $8,597,018 | 27,359 | 0.29% | Shares |
| MILLENNIUM MANAGEMENT LLC | $8,474,469 | 26,969 | 0.29% | Shares |
| UBS Group AG | $8,097,707 | 25,770 | 0.28% | Shares |
| ProShare Advisors LLC | $7,797,304 | 24,814 | 0.27% | Shares |
| Swiss National Bank | $7,453,536 | 23,720 | 0.25% | Shares |
| Amundi | $7,212,065 | 22,918 | 0.25% | Shares |
| Legal & General Group Plc | $5,686,620 | 18,097 | 0.19% | Shares |
| AXA Investment Managers S.A. | $5,374,890 | 18,062 | 0.18% | Shares |
| B. Metzler seel. Sohn & Co. AG | $5,214,018 | 16,593 | 0.18% | Shares |
| Universal- Beteiligungs- und Servicegesellschaft mbH | $4,990,287 | 15,881 | 0.17% | Shares |
| REGIONS FINANCIAL CORP | $4,771,897 | 15,186 | 0.16% | Shares |
| PARADIGM CAPITAL MANAGEMENT INC/NY | $4,650,604 | 14,800 | 0.16% | Shares |
| KORNITZER CAPITAL MANAGEMENT INC /KS | $4,568,904 | 14,540 | 0.16% | Shares |
| ALLIANCEBERNSTEIN L.P. | $4,567,676 | 15,624 | 0.16% | Shares |
| Callan Family Office, LLC | $4,395,763 | 13,989 | 0.15% | Shares |
| Emerald Investment Advisers, LLC | $4,328,908 | 13,776 | 0.15% | Shares |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. | $4,265,986 | 13,576 | 0.15% | Shares |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | $4,131,783 | 14,133 | 0.14% | Shares |
| Clean Yield Group | $3,970,610 | 12,636 | 0.14% | Shares |
| VANGUARD ASSET MANAGEMENT, Ltd | $3,931,332 | 12,511 | 0.13% | Shares |
| AMERICAN CENTURY COMPANIES INC | $3,852,774 | 12,261 | 0.13% | Shares |
| PRUDENTIAL FINANCIAL INC | $3,827,007 | 12,179 | 0.13% | Shares |
| GHP Investment Advisors, Inc. | $3,622,490 | 12,391 | 0.12% | Shares |
| MOUNTAIN PACIFIC INVESTMENT ADVISERS LLC | $3,602,333 | 11,464 | 0.12% | Shares |
| BlackRock, Inc. | $3,369,803 | 10,724 | 0.11% | Shares |
| Man Group plc | $3,239,397 | 10,309 | 0.11% | Shares |
| BNP PARIBAS FINANCIAL MARKETS | $3,235,312 | 10,296 | 0.11% | Shares |
| Holocene Advisors, LP | $2,886,203 | 9,185 | 0.10% | Shares |
| XTX Topco Ltd | $2,884,631 | 9,180 | 0.10% | Shares |
| Erste Asset Management GmbH | $2,694,971 | 8,589 | 0.09% | Shares |
| Numerai GP LLC | $2,566,002 | 8,166 | 0.09% | Shares |
| NewEdge Wealth, LLC | $2,328,759 | 7,411 | 0.08% | Shares |
| Vestmark Advisory Solutions, Inc. | $2,316,504 | 7,372 | 0.08% | Shares |
| Advantage Alpha Capital Partners LP | $2,244,646 | 7,543 | 0.08% | Shares |
| &PARTNERS | $2,243,804 | 7,135 | 0.08% | Shares |
| Illinois Municipal Retirement Fund | $2,237,318 | 7,120 | 0.08% | Shares |
| VOYA INVESTMENT MANAGEMENT LLC | $2,115,082 | 6,731 | 0.07% | Shares |
| Quantinno Capital Management LP | $2,024,272 | 6,442 | 0.07% | Shares |
| MARSHALL WACE, LLP | $2,019,870 | 6,428 | 0.07% | Shares |
| Linden Thomas Advisory Services, LLC | $2,014,529 | 6,411 | 0.07% | Shares |
| WCM INVESTMENT MANAGEMENT, LLC | $1,944,746 | 6,198 | 0.07% | Shares |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE | $1,765,344 | 5,618 | 0.06% | Shares |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | $1,739,892 | 5,537 | 0.06% | Shares |
| Louisiana State Employees Retirement System | $1,633,996 | 5,200 | 0.06% | Shares |
| BLAIR WILLIAM & CO/IL | $1,584,662 | 5,043 | 0.05% | Shares |
| D. E. Shaw & Co., Inc. | $1,571,150 | 5,000 | 0.05% | Call option |
| Zhang Financial LLC | $1,547,897 | 4,926 | 0.05% | Shares |
| Invesco Ltd. | $1,507,676 | 4,798 | 0.05% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $1,490,393 | 4,743 | 0.05% | Shares |
| Atria Investments, Inc | $1,488,192 | 4,736 | 0.05% | Shares |
| State of New Jersey Common Pension Fund D | $1,480,652 | 4,712 | 0.05% | Shares |
| Brevan Howard Capital Management LP | $1,442,944 | 4,592 | 0.05% | Shares |
| Vanguard Global Advisers, LLC | $1,436,660 | 4,572 | 0.05% | Shares |
| VAN ECK ASSOCIATES CORP | $1,383,869 | 4,404 | 0.05% | Shares |
| NEW YORK STATE COMMON RETIREMENT FUND | $1,350,875 | 4,299 | 0.05% | Shares |
Company insiders 25 insiders · 12 officers · 12 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Jeffrey L Powell | President & CEO | June 3, 2026 G | 0 | 0 | 0 | $0 |
| Eric T Langevin | Executive Vice President & COO | March 31, 2022 D | 32,967 | 0 | 0 | $0 |
| Edward J Sindoni | EXECUTIVE VP AND COO | March 3, 2009 A | 25,933 | 0 | 0 | $0 |
| Peter J. Flynn | Senior Vice President | June 13, 2025 S | 2,619 | 0 | 0 | $0 |
| Thomas Andrew Blanchard | Vice President | March 19, 2025 S | 1,902 | 0 | 0 | $0 |
| Fredrik H Westerhout | Vice President | March 10, 2025 M | 2,296 | 0 | 0 | $0 |
| Dara F Mitchell | Senior VP, Corp. Development | March 10, 2025 M | 1,144 | 0 | 0 | $0 |
| Michael C. Colwell | Senior Vice President | March 10, 2025 M | 3,056 | 0 | 0 | $0 |
| Stacy D. Krause | SVP, GC and Secretary | March 10, 2025 M | 1,363 | 0 | 0 | $0 |
| Deborah Selwood | Senior Vice President & CAO | March 10, 2025 M | 20,435 | 0 | 0 | $0 |
| Sandra L Lambert | VP, GENERAL COUNSEL, SECRETARY | July 1, 2018 M | 18,679 | 0 | 0 | $0 |
| Edwin D Healy | Vice President | June 15, 2006 M | 1,558 | 0 | 0 | $0 |
| Rebecca Martinez O'Mara | Director | July 4, 2026 M | 1,529 | 0 | 0 | $0 |
| Erin L Russell | Director | July 4, 2026 M | 3,454 | 0 | 0 | $0 |
| Jonathan W Painter | Director | July 4, 2026 M | 9,005 | 0 | 0 | $0 |
| Thomas C Leonard | Director | July 4, 2026 M | 4,770 | 0 | 1 | $-140,440 |
| ALBERTINE JOHN M | Director | July 4, 2026 M | 8,091 | 0 | 0 | $0 |
| William P Tully | Director | Dec. 31, 2022 M | 3,564 | 0 | 0 | $0 |
| William A Rainville | Director | May 16, 2019 M | 79,785 | 0 | 0 | $0 |
| Scott P Brown, | Director | May 20, 2015 M | 12,500 | 0 | 0 | $0 |
| Francis L Mckone | Director | Dec. 29, 2012 M | 44,011 | 0 | 0 | $0 |
| John K Allen | Director | July 3, 2010 M | 31,605 | 0 | 0 | $0 |
| Joaquim S S Ribeiro | Director | May 17, 2004 A | 3,500 | 0 | 0 | $0 |
| Michael J Mckenney | — | March 10, 2026 M | 14,764 | 0 | 0 | $0 |
| Thomas M Obrien | — | May 26, 2015 M | 17,221 | 0 | 0 | $0 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
ETF ownership Held by 68 ETFs
Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.
| Fund | Weight | Units | As of | Source |
|---|---|---|---|---|
| OSCV · ETF Series Solutions | 1.79% | 41,619 NS | April 30, 2026 | N-PORT |
| JSML · Janus Detroit Street Trust | 1.31% | 14,119 NS | April 30, 2026 | N-PORT |
| PSCI · Invesco Exchange-Traded Fund Trust … | 1.19% | 6,894 SH | Aug. 8, 2026 | Daily |
| JSMD · Janus Detroit Street Trust | 0.96% | 32,131 NS | April 30, 2026 | N-PORT |
| SMDV · ProShares Trust | 0.92% | 18,876 NS | May 31, 2026 | N-PORT |
| SCOW · Pacer Funds Trust | 0.78% | 41 NS | April 30, 2026 | N-PORT |
| CAFG · Pacer Funds Trust | 0.76% | 586 NS | April 30, 2026 | N-PORT |
| QVMS · Invesco Exchange-Traded Fund Trust … | 0.28% | 2,154 SH | Aug. 8, 2026 | Daily |
| QIDX · Spinnaker ETF Series | 0.26% | 340 NS | April 30, 2026 | N-PORT |
| IWO · iShares Trust | 0.25% | 108,764 SH | Aug. 8, 2026 | Daily |
| XJR · iShares Trust | 0.25% | 1,395 SH | Aug. 8, 2026 | Daily |
| IJT · iShares Trust | 0.23% | 56,091 SH | Aug. 8, 2026 | Daily |
| VTWG · VANGUARD SCOTTSDALE FUNDS | 0.22% | 12,858 SH | Aug. 8, 2026 | Daily |
| IJR · iShares Trust | 0.22% | 720,343 SH | Aug. 8, 2026 | Daily |
| VIOG · VANGUARD ADMIRAL FUNDS | 0.21% | 7,167 SH | Aug. 8, 2026 | Daily |
| IJS · iShares Trust | 0.21% | 51,458 SH | Aug. 8, 2026 | Daily |
| VIOO · VANGUARD ADMIRAL FUNDS | 0.20% | 41,282 SH | Aug. 8, 2026 | Daily |
| VIOV · VANGUARD ADMIRAL FUNDS | 0.19% | 12,277 SH | Aug. 8, 2026 | Daily |
| BBSC · J.P. Morgan Exchange-Traded Fund Tr… | 0.17% | 4,350 NS | April 30, 2026 | N-PORT |
| SAA · ProShares Trust | 0.17% | 141 NS | May 31, 2026 | N-PORT |
| BULD · Pacer Funds Trust | 0.16% | 26 NS | April 30, 2026 | N-PORT |
| BKSE · BNY Mellon ETF Trust | 0.16% | 428 NS | April 30, 2026 | N-PORT |
| EBIT · Harbor ETF Trust | 0.13% | 52 NS | April 30, 2026 | N-PORT |
| IWM · iShares Trust | 0.13% | 305,745 SH | Aug. 8, 2026 | Daily |
| ISCG · iShares Trust | 0.12% | 3,675 SH | Aug. 8, 2026 | Daily |
| PRFZ · Invesco Exchange-Traded Fund Trust | 0.12% | 10,164 SH | Aug. 8, 2026 | Daily |
| VTWO · VANGUARD SCOTTSDALE FUNDS | 0.11% | 69,205 SH | Aug. 8, 2026 | Daily |
| RSSL · Global X Funds | 0.10% | 5,101 NS | April 30, 2026 | N-PORT |
| GSSC · Goldman Sachs ETF Trust | 0.10% | 3,115 NS | May 31, 2026 | N-PORT |
| VBK · VANGUARD INDEX FUNDS | 0.10% | 156,080 SH | Aug. 8, 2026 | Daily |
| ITWO · ProShares Trust | 0.09% | 554 NS | May 31, 2026 | N-PORT |
| AVSC · AMERICAN CENTURY ETF TRUST | 0.09% | 7,942 NS | May 31, 2026 | N-PORT |
| RWJ · Invesco Exchange-Traded Fund Trust … | 0.08% | 5,078 SH | Aug. 8, 2026 | Daily |
| SCHA · SCHWAB STRATEGIC TRUST | 0.08% | 56,656 NS | May 31, 2026 | N-PORT |
| DFAS · Dimensional ETF Trust | 0.08% | 36,267 NS | April 30, 2026 | N-PORT |
| FNDA · SCHWAB STRATEGIC TRUST | 0.07% | 19,149 NS | May 31, 2026 | N-PORT |
| ISCB · iShares Trust | 0.06% | 526 SH | Aug. 8, 2026 | Daily |
| FYX · First Trust Exchange-Traded AlphaDE… | 0.06% | 2,369 NS | April 30, 2026 | N-PORT |
| UWM · ProShares Trust | 0.06% | 434 NS | May 31, 2026 | N-PORT |
| VIS · VANGUARD WORLD FUND | 0.05% | 14,358 SH | Aug. 8, 2026 | Daily |
| SMLF · iShares Trust | 0.05% | 6,262 SH | Aug. 8, 2026 | Daily |
| FIDU · FIDELITY COVINGTON TRUST | 0.05% | 3,477 NS | April 30, 2026 | N-PORT |
| VXF · VANGUARD INDEX FUNDS | 0.04% | 135,429 SH | Aug. 8, 2026 | Daily |
| VB · VANGUARD INDEX FUNDS | 0.04% | 270,935 SH | Aug. 8, 2026 | Daily |
| URTY · ProShares Trust | 0.04% | 440 NS | May 31, 2026 | N-PORT |
| WSML · iShares Trust | 0.04% | 777 SH | Aug. 8, 2026 | Daily |
| DXUV · Dimensional ETF Trust | 0.03% | 342 NS | April 30, 2026 | N-PORT |
| VIG · VANGUARD SPECIALIZED FUNDS | 0.02% | 66,709 SH | Aug. 8, 2026 | Daily |
| DFUV · Dimensional ETF Trust | 0.02% | 9,715 NS | April 30, 2026 | N-PORT |
| MSSM · MORGAN STANLEY PATHWAY FUNDS | 0.02% | 447 NS | May 31, 2026 | N-PORT |