Identiv (INVE)
Market Price (2/19/2026): $3.23 | Market Cap: $77.0 MilSector: Industrials | Industry: Building Products
Identiv (INVE)
Market Price (2/19/2026): $3.23Market Cap: $77.0 MilSector: IndustrialsIndustry: Building Products
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
| Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -163% | Weak multi-year price returns2Y Excs Rtn is -96%, 3Y Excs Rtn is -130% | Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -22 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -102% |
| Low stock price volatilityVol 12M is 48% | Meaningful short interestShort Interest Days-to-CoverDTC = (Short Interest Share Quantity) / (Average Daily Trading Volume). Reflects how many days it would take to cover (close out) the short interest based on average volumes. High DTC can signify an increased risk of a short squeeze. is 10.98 | Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -30%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -40%, Rev Chg QQuarterly Revenue Change % is -23% |
| Megatrend and thematic driversMegatrends include Cybersecurity, Smart Buildings & Proptech, and Automation & Robotics. Themes include Identity Management, Show more. | Significant share based compensationSBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 15% | |
| Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -71%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -78% | ||
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -23% | ||
| Key risksINVE key risks include [1] its lack of sustained profitability and potential for shareholder dilution, Show more. |
| Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -163% |
| Low stock price volatilityVol 12M is 48% |
| Megatrend and thematic driversMegatrends include Cybersecurity, Smart Buildings & Proptech, and Automation & Robotics. Themes include Identity Management, Show more. |
| Weak multi-year price returns2Y Excs Rtn is -96%, 3Y Excs Rtn is -130% |
| Meaningful short interestShort Interest Days-to-CoverDTC = (Short Interest Share Quantity) / (Average Daily Trading Volume). Reflects how many days it would take to cover (close out) the short interest based on average volumes. High DTC can signify an increased risk of a short squeeze. is 10.98 |
| Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -22 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -102% |
| Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -30%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -40%, Rev Chg QQuarterly Revenue Change % is -23% |
| Significant share based compensationSBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 15% |
| Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -71%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -78% |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -23% |
| Key risksINVE key risks include [1] its lack of sustained profitability and potential for shareholder dilution, Show more. |
Qualitative Assessment
AI Analysis | Feedback
1. Revenue Decline from Exiting Lower-Margin Businesses.
Identiv reported a year-over-year decrease in revenue for Q3 2025, with sales dropping to $5.0 million from $6.5 million in Q3 2024. This decline was attributed to the company's strategic decision to exit lower-margin business lines, which negatively impacted immediate revenue figures despite being aimed at long-term margin improvement.
2. Costs and Short-Term Impact of Manufacturing Transition.
While the successful transition of manufacturing to Thailand, completed in December 2025, is expected to drive future margin growth, the process itself likely incurred transitional costs. The Q2 2025 report indicated that gross margin turned negative due to manufacturing transition costs and inventory adjustments, and some customers built up safety stock in anticipation, leading to reduced sales in the short term.
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Stock Movement Drivers
Fundamental Drivers
The -19.5% change in INVE stock from 10/31/2025 to 2/18/2026 was primarily driven by a -13.6% change in the company's P/S Multiple.| (LTM values as of) | 10312025 | 2182026 | Change |
|---|---|---|---|
| Stock Price ($) | 4.00 | 3.22 | -19.5% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 24 | 22 | -6.5% |
| P/S Multiple | 4.0 | 3.5 | -13.6% |
| Shares Outstanding (Mil) | 24 | 24 | -0.4% |
| Cumulative Contribution | -19.5% |
Market Drivers
10/31/2025 to 2/18/2026| Return | Correlation | |
|---|---|---|
| INVE | -19.5% | |
| Market (SPY) | 0.6% | 14.3% |
| Sector (XLI) | 12.9% | 4.2% |
Fundamental Drivers
The -11.3% change in INVE stock from 7/31/2025 to 2/18/2026 was primarily driven by a -12.8% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 7312025 | 2182026 | Change |
|---|---|---|---|
| Stock Price ($) | 3.63 | 3.22 | -11.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 25 | 22 | -12.8% |
| P/S Multiple | 3.4 | 3.5 | 2.8% |
| Shares Outstanding (Mil) | 24 | 24 | -1.0% |
| Cumulative Contribution | -11.3% |
Market Drivers
7/31/2025 to 2/18/2026| Return | Correlation | |
|---|---|---|
| INVE | -11.3% | |
| Market (SPY) | 8.9% | 17.2% |
| Sector (XLI) | 15.6% | 12.8% |
Fundamental Drivers
The -6.9% change in INVE stock from 1/31/2025 to 2/18/2026 was primarily driven by a -29.6% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 1312025 | 2182026 | Change |
|---|---|---|---|
| Stock Price ($) | 3.46 | 3.22 | -6.9% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 31 | 22 | -29.6% |
| P/S Multiple | 2.6 | 3.5 | 33.3% |
| Shares Outstanding (Mil) | 24 | 24 | -0.8% |
| Cumulative Contribution | -6.9% |
Market Drivers
1/31/2025 to 2/18/2026| Return | Correlation | |
|---|---|---|
| INVE | -6.9% | |
| Market (SPY) | 15.0% | 23.5% |
| Sector (XLI) | 27.8% | 24.5% |
Fundamental Drivers
The -63.1% change in INVE stock from 1/31/2023 to 2/18/2026 was primarily driven by a -80.4% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 1312023 | 2182026 | Change |
|---|---|---|---|
| Stock Price ($) | 8.72 | 3.22 | -63.1% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 112 | 22 | -80.4% |
| P/S Multiple | 1.8 | 3.5 | 98.3% |
| Shares Outstanding (Mil) | 23 | 24 | -4.9% |
| Cumulative Contribution | -63.1% |
Market Drivers
1/31/2023 to 2/18/2026| Return | Correlation | |
|---|---|---|
| INVE | -63.1% | |
| Market (SPY) | 75.1% | 23.6% |
| Sector (XLI) | 79.3% | 22.4% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| INVE Return | 231% | -74% | 14% | -56% | 5% | -17% | -63% |
| Peers Return | 51% | -15% | 10% | 20% | -4% | 5% | 72% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | -0% | 82% |
Monthly Win Rates [3] | |||||||
| INVE Win Rate | 75% | 33% | 58% | 33% | 50% | 0% | |
| Peers Win Rate | 68% | 33% | 50% | 47% | 42% | 70% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| INVE Max Drawdown | -10% | -77% | -34% | -64% | -20% | -20% | |
| Peers Max Drawdown | -4% | -40% | -22% | -10% | -32% | -9% | |
| S&P 500 Max Drawdown | -1% | -25% | -1% | -2% | -15% | -1% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: PI, AVY, ZBRA, HON, NXPI.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 2/18/2026 (YTD)
How Low Can It Go
| Event | INVE | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -83.0% | -25.4% |
| % Gain to Breakeven | 489.0% | 34.1% |
| Time to Breakeven | Not Fully Recovered days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -67.7% | -33.9% |
| % Gain to Breakeven | 209.8% | 51.3% |
| Time to Breakeven | 230 days | 148 days |
| 2018 Correction | ||
| % Loss | -61.6% | -19.8% |
| % Gain to Breakeven | 160.3% | 24.7% |
| Time to Breakeven | 1,119 days | 120 days |
| 2008 Global Financial Crisis | ||
| % Loss | -71.4% | -56.8% |
| % Gain to Breakeven | 249.2% | 131.3% |
| Time to Breakeven | 853 days | 1,480 days |
Compare to PI, AVY, ZBRA, HON, NXPI
In The Past
Identiv's stock fell -83.0% during the 2022 Inflation Shock from a high on 12/27/2021. A -83.0% loss requires a 489.0% gain to breakeven.
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About Identiv (INVE)
AI Analysis | Feedback
- Like HID Global for secure access and identity solutions.
- A specialized Avery Dennison for secure digital identification and IoT tags.
AI Analysis | Feedback
- Physical Access Control Systems (PACS): Identiv provides integrated hardware and software solutions for managing secure access to physical locations, including controllers, readers, and video security components.
- RFID and IoT Solutions: The company offers a comprehensive range of RFID tags, inlays, and readers (NFC, HF, UHF) along with associated software for various tracking, sensing, and authentication applications across industries.
- Identity Management and Credentialing: Identiv delivers secure smart card readers (contact and contactless), digital identity solutions, and FIDO2-enabled devices for strong user authentication and credential management.
AI Analysis | Feedback
Identiv (INVE) primarily operates as a business-to-business (B2B) company, providing digital security, physical access control, and RFID solutions to other companies and organizations worldwide.
According to Identiv's latest annual report (10-K filing for the fiscal year ended December 31, 2022), no single customer accounted for 10% or more of its total revenue for the fiscal years 2022, 2021, or 2020. This indicates a highly diversified customer base, meaning Identiv does not have specific "major customers" that are individually disclosed due to revenue concentration requirements.
Therefore, it is not possible to list specific customer company names that individually represent a major portion of Identiv's revenue. Instead, Identiv relies on a broad network of channel partners and direct sales to various types of organizations:
- Value-Added Resellers (VARs) and System Integrators: These are companies that purchase Identiv's components and solutions to incorporate them into larger, customized security or identification systems. They then sell and implement these integrated solutions for end-user businesses and organizations across various sectors such as healthcare, education, retail, data centers, and critical infrastructure.
- Distributors: These companies act as intermediaries, buying Identiv's products in bulk and reselling them to VARs, system integrators, and other businesses. This channel helps Identiv reach a wide array of smaller and mid-sized businesses globally.
- Direct Enterprise and Government Customers: Identiv also sells directly to large enterprises and government agencies worldwide. These organizations utilize Identiv's products for their internal security infrastructure, identity management, and specific project needs. While these are end-users of Identiv's products, they are still other organizations and businesses in the B2B context.
Given the diversified nature of its customer base and the lack of individual customer names disclosed in public filings, specific public customer companies and their stock symbols cannot be identified as "major customers" in the traditional sense of revenue concentration.
AI Analysis | Feedback
nullAI Analysis | Feedback
Kirsten Newquist, Chief Executive Officer
Kirsten Newquist was appointed Identiv CEO in September 2024, having joined the company in April 2024 as President, IoT Solutions. With a 30-year career, Ms. Newquist has focused on strategy, general management, and business development for Fortune 500 companies. Before joining Identiv, she served as the Global Vice President of Healthcare and Product Line Management at Avery Dennison Smartrac, their RFID division, and also led their Medical Products business, significantly growing sales and profitability. She previously held senior positions at Copia Associates, Ancora Management Group, and Iwerks Entertainment. Ms. Newquist holds a Bachelor of Science in Mechanical Engineering from Stanford University and an MBA from the Anderson School at UCLA.
Ed Kirnbauer, Chief Financial Officer
Ed Kirnbauer was appointed Chief Financial Officer of Identiv in August 2025. Mr. Kirnbauer has served as Identiv's Global Corporate Controller since November 2015 and previously held the role of interim Chief Financial Officer, Principal Financial Officer, and Principal Accounting Officer from October to December 2021. Before his time at Identiv, from April 2011 through November 2015, Mr. Kirnbauer worked as a financial consultant for various companies, including Ducommun Incorporated (NYSE: DCO).
Manfred Mueller, Chief Strategy Officer
Dr. Manfred Mueller was named Chief Strategy Officer of Identiv in April 2024. He initially joined Identiv in 2000 and has held diverse executive roles, including sales, marketing, product management, business development, and investor relations. Prior to Identiv, Dr. Mueller was responsible for strategic investments, product development, and M&A activities for BetaResearch GmbH, a digital TV division of the German Kirch Group. At SCM Microsystems, Inc. (from which Identiv originated), he played a pivotal role in 10 M&A transactions and held various leadership positions, including Director of Strategic Business Development and EVP of Business Development & Strategic Sales. He also served as a Board Member at cv cryptovision GmbH from 2002 until its sale to ATOS in August 2021. Dr. Mueller holds M.S. and Ph.D degrees in Chemistry from Regensburg University and an M.B.A. from the Edinburgh Business School, Heriot-Watt University.
Boon Yong “BY” Koh, Vice President, Operations
Boon Yong “BY” Koh joined Identiv in January 2023 as Vice President of Operations, bringing over 40 years of extensive experience in supply chain management and manufacturing operations across Asia. Before his tenure at Identiv, Mr. Koh served as Chief Operating Officer at DZ Card International, where he oversaw production sites in multiple countries including the Philippines, Malaysia, India, Tanzania, Morocco, and Thailand. His career also includes senior leadership positions at Smartrac Technology and Linxens Technology, where he was instrumental in expanding manufacturing operations in various locations.
Michael Zehnpfennig, Vice President, Engineering
Michael Zehnpfennig was appointed Identiv Vice President, Engineering in January 2025, having joined the company in March 2024 as Director of Global Engineering, IoT. He possesses over 20 years of expertise in the IoT and RFID sectors, with significant leadership experience in both end-user and manufacturing environments. His extensive background covers innovation management, research and development, and production, contributing to advancements in RFID technology.
AI Analysis | Feedback
Identiv (INVE) faces several key risks to its business, primarily stemming from its financial performance, competitive landscape, and customer relationships. The most significant risk to Identiv is its **lack of sustained profitability, coupled with the potential for cash burn and shareholder dilution**. The company has a history of not achieving consistent profitability and has previously diluted shareholders to maintain operations. Despite a recent asset sale that boosted its net cash position, the investment outlook relies on Identiv becoming a profitable enterprise in the future. A strategic shift towards higher-margin Internet of Things (IoT) solutions, while intended to improve financial performance, has led to a decrease in revenue and impacted gross margins due to transition costs and the exit of lower-margin business segments. Analysts have also noted that the sale of more stable, higher-margin business lines and the reinvestment of proceeds into lower-margin RFID operations have increased the company's overall risk profile. Secondly, Identiv operates within an **intensely competitive market, leading to significant price pressure**. The company faces competition from larger, established global players such as HID Global, Impinj, and Allegion in the physical access control, secure identification, and RFID/NFC sectors. These competitors often possess extensive resources, broader product portfolios, and well-established distribution networks, posing substantial challenges for Identiv. Furthermore, the growing number of new entrants in the RFID industry, including those from China, is increasing price competition, necessitating continuous innovation and cost management from Identiv to maintain its market position. Finally, Identiv is exposed to risks related to **customer concentration and technology transitions affecting key customers**. A substantial portion of Identiv's total net revenue comes from a limited number of large customers; sales to its ten largest customers accounted for 51% of total net revenue in 2024 and 65% in 2023. The loss of one or more of these significant customers could have a materially adverse impact on Identiv's business, financial condition, and results of operations. Adding to this, a key RFID solution customer is undergoing a technology transition, which has resulted in a pause of shipments for multiple quarters, directly affecting Identiv's revenue and contributing to initial cash losses.AI Analysis | Feedback
The increasing integration of digital identity and access control functionalities directly into ubiquitous mobile operating systems and wallets (e.g., Apple Wallet, Google Wallet). This trend could potentially disintermediate traditional hardware-focused physical access control (PAC) vendors by shifting the primary credential and authentication mechanism to the smartphone itself, reducing the reliance on specialized physical cards, readers, and controllers. While Identiv offers mobile-compatible solutions, the threat arises if major platform providers create closed or preferred ecosystems that limit the role of third-party hardware or software, or if the ease of mobile integration fundamentally changes customer expectations away from discrete hardware in favor of natively integrated mobile solutions. This shift aligns with how general-purpose devices and platforms can absorb the functions of specialized hardware.
AI Analysis | Feedback
Identiv (INVE) focuses on two primary addressable markets: Radio-Frequency Identification (RFID) / Near Field Communication (NFC) and Secure Authentication. The company completed the sale of its Physical Security Business in September 2024 to concentrate on its Internet of Things (IoT) business, which includes RFID embedded security solutions and logical access/cybersecurity.
Addressable Market Sizes:
Radio-Frequency Identification (RFID) / Near Field Communication (NFC)
- Global Market Size: The global RFID market was estimated to be between USD 15.49 billion and USD 20.10 billion in 2024. This market is projected to grow significantly, with estimates reaching up to USD 48.51 billion by 2034, at a compound annual growth rate (CAGR) of approximately 9.1% to 12.7% over the next decade.
- North American Market Share: North America held a significant portion of the global RFID market, ranging from approximately 28% to 39% in 2024. The U.S. RFID market alone was valued at USD 3.9 billion in 2024.
Secure Authentication
- Global Market Size: The global advanced authentication market was valued at approximately USD 16.86 billion in 2023 and is projected to grow to between USD 40.08 billion and USD 48.2 billion by 2032 or 2033, with a CAGR ranging from 10.1% to 11.33%. The multi-factor authentication market, a component of secure authentication, was estimated at USD 16.31 billion in 2023 and is projected to reach USD 41.29 billion by 2030.
- North American Market Share: North America is a leading region in the 3D Secure Payment Authentication market, holding approximately 40% of the global market share.
AI Analysis | Feedback
Identiv (INVE) is positioning itself for future revenue growth over the next 2-3 years through several strategic initiatives, primarily focusing on its evolution into a pure-play Internet of Things (IoT) solutions company. The key drivers are:
- Expansion into High-Value IoT Solutions and Applications: Identiv is concentrating on specialized IoT solutions that enable digital transformation and address real-world industry challenges. This includes an emphasis on high-margin opportunities and moving away from lower-margin business segments. The company's "Accelerate" strategy specifically targets growth in high-value applications within healthcare (e.g., home medication adherence), consumer markets (e.g., smart packaging for luxury products), and logistics (e.g., inventory management and cold chain tracking).
- Strategic Partnerships and Collaborations: A significant driver of future revenue growth involves establishing and leveraging strategic partnerships to develop and commercialize high-value applications. Examples include collaborations with Neroverao for high-volume opportunities, InPlay for BLE-enabled smart labels, and Tag-N-Trac for IoT solutions in cold chain tracking for the pharmaceutical industry. These partnerships aim to build the company's pipeline and drive long-term revenue and margin expansion.
- Advancement of Bluetooth Low Energy (BLE) Technology Platform: Identiv is actively expanding its BLE technology platform and multi-component (MCL) manufacturing capabilities. This initiative is a core part of its "Accelerate" growth pillar and is expected to extend the value of smart labels by monitoring conditions such as temperature, humidity, or location across the supply chain, thereby addressing evolving market needs.
- New Product Development and Innovation: The company maintains a robust new product development pipeline, with active projects that are both customer-driven and internally developed. This continuous innovation in RFID, BLE, and sensor technologies aims to create smarter, more transparent, sustainable, and engaging packaging and identification solutions for consumers and industries.
- Leveraging Regulatory Requirements such as EU Digital Product Passports: Identiv is positioned to capitalize on upcoming regulatory requirements, such as the EU Digital Product Passport. Its secure NFC inlays and partnerships, like the one with Narravero, are designed to help brands comply by documenting sourcing, sustainability attributes, and end-of-life instructions, which can drive adoption of its smart packaging solutions.
AI Analysis | Feedback
Identiv (INVE) has made several capital allocation decisions over the last 3-5 years, focusing on share repurchases, share issuances, and significant capital expenditures to support its strategic shift to an IoT-centric business.Share Repurchases
- Identiv's Board of Directors authorized a stock repurchase program for up to $10 million of its common stock in November 2024.
- During the fourth quarter of 2024, the company repurchased 463,779 shares for approximately $1.9 million.
- The stock repurchase program is open-ended and allows for purchases through various means, including open market transactions.
Share Issuance
- In April 2021, Identiv announced the pricing and closing of a public offering of common stock, including the full exercise of the underwriters' option to purchase additional shares.
- The company reported common stock issued totaling approximately $37.9 million in 2021, $963,000 in 2023, and additional issuances in 2024.
- Shares were surrendered to satisfy tax withholding obligations related to the vesting of restricted stock units issued to employees.
Outbound Investments
- In September 2024, Identiv completed the sale of its Physical Security Business to Hawk Acquisition, Inc., a wholly-owned subsidiary of Vitaprotech SAS, for net cash proceeds of approximately $143.9 million.
- The company intends to use a portion of the proceeds from this sale to pursue organic and inorganic growth opportunities, including potential investments in or acquisitions of complementary businesses, products, services, technologies, or assets.
Capital Expenditures
- Identiv's capital expenditures were approximately $1.5 million in 2024, $4.3 million in 2023, $3.9 million in 2022, and $2.1 million in 2021.
- The focus of these expenditures includes investments in organic and inorganic growth initiatives for its specialty IoT solutions business.
- A significant capital expenditure focus for the company includes the transition of RFID device production from Singapore to Thailand, which is expected to be completed by June 2025.
Latest Trefis Analyses
| Title | Date | |
|---|---|---|
| DASHBOARDS | ||
| Identiv Earnings Notes | 12/16/2025 | |
| Can Identiv Stock Recover If Markets Fall? | 10/17/2025 |
| Title | |
|---|---|
| ARTICLES |
Trade Ideas
Select ideas related to INVE.
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| 01302026 | FBIN | Fortune Brands Innovations | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | -5.1% | -5.1% | -5.1% |
| 01302026 | PAYC | Paycom Software | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | -7.0% | -7.0% | -11.9% |
| 01302026 | HTZ | Hertz Global | Special | Short Squeeze PotentialShort Squeeze PotentialHas potential for a short squeeze. High short interest, rising short interest and high debt. | 2.9% | 2.9% | 0.0% |
| 01232026 | PAYX | Paychex | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | -11.5% | -11.5% | -13.3% |
| 01022026 | CPRT | Copart | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | -0.7% | -0.7% | -2.8% |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 216.37 |
| Mkt Cap | 13.9 |
| Rev LTM | 7,083 |
| Op Inc LTM | 961 |
| FCF LTM | 742 |
| FCF 3Y Avg | 593 |
| CFO LTM | 886 |
| CFO 3Y Avg | 757 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | -0.2% |
| Rev Chg 3Y Avg | -1.3% |
| Rev Chg Q | 1.4% |
| QoQ Delta Rev Chg LTM | 0.4% |
| Op Mgn LTM | 13.8% |
| Op Mgn 3Y Avg | 13.2% |
| QoQ Delta Op Mgn LTM | -0.3% |
| CFO/Rev LTM | 16.6% |
| CFO/Rev 3Y Avg | 12.1% |
| FCF/Rev LTM | 13.7% |
| FCF/Rev 3Y Avg | 9.0% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 13.9 |
| P/S | 3.6 |
| P/EBIT | 15.7 |
| P/E | 23.4 |
| P/CFO | 19.1 |
| Total Yield | 4.2% |
| Dividend Yield | 0.9% |
| FCF Yield 3Y Avg | 3.8% |
| D/E | 0.2 |
| Net D/E | 0.1 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | 0.3% |
| 3M Rtn | 13.0% |
| 6M Rtn | -3.3% |
| 12M Rtn | 7.2% |
| 3Y Rtn | 3.9% |
| 1M Excs Rtn | 1.2% |
| 3M Excs Rtn | 7.1% |
| 6M Excs Rtn | -11.5% |
| 12M Excs Rtn | -3.7% |
| 3Y Excs Rtn | -61.3% |
Price Behavior
| Market Price | $3.22 | |
| Market Cap ($ Bil) | 0.1 | |
| First Trading Date | 10/07/1997 | |
| Distance from 52W High | -19.7% | |
| 50 Days | 200 Days | |
| DMA Price | $3.44 | $3.49 |
| DMA Trend | indeterminate | down |
| Distance from DMA | -6.3% | -7.7% |
| 3M | 1YR | |
| Volatility | 46.5% | 48.0% |
| Downside Capture | 5.12 | 69.05 |
| Upside Capture | 11.08 | 50.90 |
| Correlation (SPY) | 1.8% | 23.4% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | -0.50 | -0.83 | 0.51 | 0.56 | 0.57 | 0.86 |
| Up Beta | 0.97 | 1.13 | 2.54 | 1.58 | 0.51 | 0.95 |
| Down Beta | -2.08 | -1.97 | 0.64 | 1.49 | 0.69 | 1.24 |
| Up Capture | -112% | -49% | -58% | -16% | 36% | 10% |
| Bmk +ve Days | 11 | 22 | 34 | 71 | 142 | 430 |
| Stock +ve Days | 7 | 20 | 29 | 60 | 115 | 344 |
| Down Capture | 225% | -48% | 47% | -16% | 73% | 95% |
| Bmk -ve Days | 9 | 19 | 27 | 54 | 109 | 321 |
| Stock -ve Days | 12 | 18 | 28 | 55 | 115 | 371 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with INVE | |
|---|---|---|---|---|
| INVE | -12.8% | 47.7% | -0.14 | - |
| Sector ETF (XLI) | 28.7% | 19.2% | 1.19 | 25.0% |
| Equity (SPY) | 13.6% | 19.4% | 0.53 | 24.1% |
| Gold (GLD) | 73.5% | 25.5% | 2.13 | 6.1% |
| Commodities (DBC) | 7.9% | 17.0% | 0.28 | 8.4% |
| Real Estate (VNQ) | 7.1% | 16.7% | 0.24 | 16.2% |
| Bitcoin (BTCUSD) | -31.1% | 44.9% | -0.69 | 12.2% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with INVE | |
|---|---|---|---|---|
| INVE | -23.0% | 58.8% | -0.20 | - |
| Sector ETF (XLI) | 16.0% | 17.2% | 0.75 | 28.7% |
| Equity (SPY) | 13.5% | 17.0% | 0.63 | 34.3% |
| Gold (GLD) | 21.7% | 17.1% | 1.04 | 5.6% |
| Commodities (DBC) | 10.8% | 19.0% | 0.45 | 6.9% |
| Real Estate (VNQ) | 4.9% | 18.8% | 0.17 | 26.2% |
| Bitcoin (BTCUSD) | 8.4% | 57.2% | 0.37 | 18.2% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with INVE | |
|---|---|---|---|---|
| INVE | 7.0% | 64.1% | 0.38 | - |
| Sector ETF (XLI) | 15.4% | 19.8% | 0.68 | 25.7% |
| Equity (SPY) | 15.9% | 17.9% | 0.76 | 26.9% |
| Gold (GLD) | 15.0% | 15.6% | 0.80 | 2.9% |
| Commodities (DBC) | 8.6% | 17.6% | 0.40 | 10.8% |
| Real Estate (VNQ) | 6.9% | 20.7% | 0.30 | 22.1% |
| Bitcoin (BTCUSD) | 68.0% | 66.7% | 1.07 | 12.9% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 11/10/2025 | -3.7% | -7.6% | -8.9% |
| 8/7/2025 | -0.6% | 1.9% | 5.6% |
| 3/5/2025 | -6.6% | -5.2% | -12.1% |
| 11/7/2024 | 10.3% | 1.7% | 15.9% |
| 8/8/2024 | -14.5% | -7.0% | -6.7% |
| 3/12/2024 | 6.0% | 3.7% | -27.4% |
| 11/7/2023 | -16.3% | -1.5% | 17.8% |
| 8/3/2023 | 14.6% | 14.3% | 11.6% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 10 | 10 | 12 |
| # Negative | 10 | 10 | 8 |
| Median Positive | 9.7% | 16.3% | 13.6% |
| Median Negative | -10.6% | -7.3% | -18.6% |
| Max Positive | 31.4% | 30.1% | 75.3% |
| Max Negative | -26.7% | -24.2% | -29.0% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 09/30/2025 | 11/10/2025 | 10-Q |
| 06/30/2025 | 08/08/2025 | 10-Q |
| 03/31/2025 | 05/09/2025 | 10-Q |
| 12/31/2024 | 03/17/2025 | 10-K |
| 09/30/2024 | 11/12/2024 | 10-Q |
| 06/30/2024 | 08/09/2024 | 10-Q |
| 03/31/2024 | 05/10/2024 | 10-Q |
| 12/31/2023 | 03/15/2024 | 10-K |
| 09/30/2023 | 11/08/2023 | 10-Q |
| 06/30/2023 | 08/08/2023 | 10-Q |
| 03/31/2023 | 05/09/2023 | 10-Q |
| 12/31/2022 | 03/16/2023 | 10-K |
| 09/30/2022 | 11/08/2022 | 10-Q |
| 06/30/2022 | 08/09/2022 | 10-Q |
| 03/31/2022 | 05/10/2022 | 10-Q |
| 12/31/2021 | 03/14/2022 | 10-K |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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