Deep-dive fundamental equity research evaluating business models, free cash flow (FCF), and structural moats. Providing objective valuation metrics and disciplined multi-step DCA entry strategies.
Broadcom free cash flow nearly doubled in fiscal Q3 2026. Yet one closely watched measure of cash conversion moved sharply in the opposite direction. The company reported $13.665 billion in free cash flow (FCF), up approximately 94.55% from the year-earlier quarter. At the same time, FCF divided by GAAP net income declined from 169.66% to … Read more
TSMC Q3 2026 earnings are scheduled for October 15, but investors already have an important piece of the quarterly picture: revenue. Taiwan Semiconductor Manufacturing Company (NYSE: TSM) disclosed monthly revenue figures that sum to NT$1,494.243 billion for July–September, approximately 17.6% above second-quarter revenue. The monthly figures are unaudited and should not be confused with the … Read more
Mastercard ROIC can look almost implausibly high when the calculation is built from the company’s FY2025 financial statements. Using a simplified approach, estimated NOPAT of about $15.231 billion divided by average invested capital of roughly $16.240 billion produces an ROIC near 93.8%. That number is useful, but not because investors should treat 93.8% as a … Read more
AbbVie earnings for Q2 2026 make the company’s post-Humira transition much easier to quantify. Revenue reached $16.990 billion, up 10.2% year over year on a reported basis, but the more revealing change is inside the product mix. Skyrizi generated $5.505 billion of quarterly revenue and Rinvoq produced $2.525 billion. Together, those two products accounted for … Read more
Home Depot Q2 2026 earnings look straightforward at first glance: net sales rose 5.7% to $47.861 billion. But the headline growth rate tells only part of the story. The quarter becomes more informative when the numbers are separated into three different questions: how much of the growth came from expansion and acquisitions, what happened inside … Read more
Amazon CapEx has become one of the most important numbers for investors trying to understand the economics of the company’s AI buildout. AWS is growing rapidly, but serving that demand requires Amazon (NASDAQ: AMZN) to commit enormous amounts of cash to data centers, servers, networking equipment, power infrastructure, and other computing assets before those investments … Read more
Visa operating leverage looks positive at first glance in the company’s FY2026 results. For the nine months ended June 30, 2026, net revenue increased 15%, GAAP operating expenses rose 13%, and operating income grew about 17%. That combination normally points to positive operating leverage: revenue is expanding faster than the operating cost base, allowing a … Read more
Microsoft’s AI spending is showing up in more than revenue growth. In fiscal 2026, the company generated substantially more cash from operations, but it also spent far more cash on property and equipment as it expanded the infrastructure behind Azure and AI services. That combination makes Microsoft free cash flow especially useful to watch. Revenue … Read more
A Verizon stock dividend yield near 5.7% can look compelling, especially for income investors. I own Verizon shares myself, but the yield alone is not enough for me to add more VZ to my portfolio. My reasoning starts with a different question: how much financial room does Verizon have after supporting its network, servicing its … Read more
Procter & Gamble’s fiscal 2026 results offer a useful example of why investors should look beyond the headline revenue growth rate. P&G increased net sales by 3% to $87.032 billion, but the components of that growth tell a more informative story: favorable foreign exchange contributed 2%, higher pricing added 1%, and companywide volume and mix … Read more