Assay
Financial-condition grades for SEC filers
Updated Oct 12, 202610,435 SEC tickers3,546 eligible2,204 graded187 rescans since Jan 21, 2012
Apercentile 3.4 of business equipment peers
market equity $273.4B; 12-1 momentum +34%; no active warnings
Rule: graded A with market equity over $10B; strongest percentile in its sector; not repeated within 14 days, though the first in its sector may hold the spot for 2 days.
Epercentile 89.1 of utilities peers
market equity $33.8B; 12-1 momentum -4%; no active warnings
Rule: graded E with market equity over $10B; weakest percentile in its sector; not repeated within 14 days, though the last in its sector may hold the spot for 2 days.
Apercentile 3.8 of business equipment peers
market equity $70.4M; 12-1 momentum -24%; no active warnings
Rule: graded A with market equity under $2B and 12-1 momentum below zero; strongest percentile; not repeated within 14 days, though the first in its sector may hold the spot for 2 days.
The Largest Twenty [top]
By market equity at the last close. Letter and percentile within the sector; lower is stronger.
| # | Company | Market equity | Letter | Percentile | 12-1 | Warnings |
|---|---|---|---|---|---|---|
| 1 | Nvidia Corp. (NVDA) Nvidia Corp. (NVDA) Astrongest fifth; percentile 3.0 Nasdaq · Semiconductors & Related Devices market equity $5.5T; last close $229.47 Warnings: fortress balance sheet; 12 of 14 inputs | $5.5T | A | 3.0 | +18% | fortress balance sheet |
| 2 | Apple Inc. (AAPL) Apple Inc. (AAPL) Bsecond fifth; percentile 35.5 Nasdaq · Electronic Computers market equity $4.9T; last close $335.86 No active warnings; 13 of 14 inputs | $4.9T | B | 35.5 | +25% | |
| 3 | Microsoft Corp. (MSFT) Microsoft Corp. (MSFT) Astrongest fifth; percentile 9.1 Nasdaq · Services-Prepackaged Software market equity $4.0T; last close $535.20 No active warnings; 13 of 14 inputs | $4.0T | A | 9.1 | -1% | |
| 4 | Amazon COM Inc. (AMZN) Amazon COM Inc. (AMZN) A/Bon the A/B boundary; percentile 20.2 Nasdaq · Retail-Catalog & Mail-Order Houses market equity $2.8T; last close $262.42 Warnings: fortress balance sheet; 10 of 14 inputs | $2.8T | A/B | 20.2 | +18% | fortress balance sheet |
| 5 | Broadcom Inc. (AVGO) Broadcom Inc. (AVGO) Cmiddle fifth; percentile 53.2 Nasdaq · Semiconductors & Related Devices market equity $1.7T; last close $361.54 No active warnings; 10 of 14 inputs | $1.7T | C | 53.2 | +13% | |
| 6 | Tesla, Inc. (TSLA) Tesla, Inc. (TSLA) B/Con the B/C boundary; percentile 38.3 Nasdaq · Motor Vehicles & Passenger Car Bodies market equity $1.5T; last close $382.50 Warnings: fortress balance sheet; 13 of 14 inputs | $1.5T | B/C | 38.3 | -17% | fortress balance sheet |
| 7 | Micron Technology Inc. (MU) Micron Technology Inc. (MU) Astrongest fifth; percentile 4.2 Nasdaq · Semiconductors & Related Devices market equity $1.2T; last close $1,028.50 Warnings: fortress balance sheet; 11 of 14 inputs | $1.2T | A | 4.2 | +474% | fortress balance sheet |
| 8 | ELI Lilly & Co. (LLY) ELI Lilly & Co. (LLY) Cmiddle fifth; percentile 55.7 NYSE · Pharmaceutical Preparations market equity $1.1T; last close $1,178.18 No active warnings; 7 of 14 inputs | $1.1T | C | 55.7 | +53% | |
| 9 | Advanced Micro Devices Inc. (AMD) Advanced Micro Devices Inc. (AMD) A/Bon the A/B boundary; percentile 20.4 Nasdaq · Semiconductors & Related Devices market equity $992.7B; last close $607.29 Warnings: fortress balance sheet; 9 of 14 inputs | $992.7B | A/B | 20.4 | +191% | fortress balance sheet |
| 10 | Walmart Inc. (WMT) Walmart Inc. (WMT) Cmiddle fifth; percentile 52.9 Nasdaq · Retail-Variety Stores market equity $883.4B; last close $111.36 No active warnings; 9 of 14 inputs | $883.4B | C | 52.9 | +3% | |
| 11 | Johnson & Johnson (JNJ) Johnson & Johnson (JNJ) Cmiddle fifth; percentile 44.9 NYSE · Pharmaceutical Preparations market equity $630.0B; last close $261.50 No active warnings; 9 of 14 inputs | $630.0B | C | 44.9 | +46% | |
| 12 | Intel Corp. (INTC) Intel Corp. (INTC) Eweakest fifth; percentile 94.4 Nasdaq · Semiconductors & Related Devices market equity $528.1B; last close $104.47 No active warnings; 9 of 14 inputs | $528.1B | E | 94.4 | +167% | |
| 13 | Palantir Technologies Inc. (PLTR) Palantir Technologies Inc. (PLTR) Astrongest fifth; percentile 2.4 Nasdaq · Services-Prepackaged Software market equity $502.3B; last close $209.03 No active warnings; 11 of 14 inputs | $502.3B | A | 2.4 | +2% | |
| 14 | AbbVie Inc. (ABBV) AbbVie Inc. (ABBV) Dfourth fifth; percentile 63.2 NYSE · Pharmaceutical Preparations market equity $488.6B; last close $276.40 No active warnings; 12 of 14 inputs | $488.6B | D | 63.2 | +14% | |
| 15 | Cisco Systems, Inc. (CSCO) Cisco Systems, Inc. (CSCO) Cmiddle fifth; percentile 53.0 Nasdaq · Computer Communications Equipment market equity $466.8B; last close $118.37 No active warnings; 13 of 14 inputs | $466.8B | C | 53.0 | +65% | |
| 16 | Costco Wholesale Corp. (COST) Costco Wholesale Corp. (COST) Astrongest fifth; percentile 4.7 Nasdaq · Retail-Variety Stores market equity $419.6B; last close $946.73 Warnings: fortress balance sheet; 11 of 14 inputs | $419.6B | A | 4.7 | +3% | fortress balance sheet |
| 17 | Chevron Corp. (CVX) Chevron Corp. (CVX) Bsecond fifth; percentile 29.9 NYSE · Petroleum Refining market equity $418.8B; last close $211.99 No active warnings; 8 of 14 inputs | $418.8B | B | 29.9 | +38% | |
| 18 | Applied Materials Inc. (AMAT) Applied Materials Inc. (AMAT) Astrongest fifth; percentile 11.7 Nasdaq · Semiconductors & Related Devices market equity $402.4B; last close $506.95 No active warnings; 11 of 14 inputs | $402.4B | A | 11.7 | +125% | |
| 19 | LAM Research Corp. (LRCX) LAM Research Corp. (LRCX) Astrongest fifth; percentile 8.3 Nasdaq · Special Industry Machinery, NEC market equity $399.0B; last close $318.81 Warnings: fortress balance sheet; 12 of 14 inputs | $399.0B | A | 8.3 | +126% | fortress balance sheet |
| 20 | Coca Cola Co. (KO) Coca Cola Co. (KO) B/Con the B/C boundary; percentile 39.0 NYSE · Beverages market equity $378.8B; last close $88.06 No active warnings; 12 of 14 inputs | $378.8B | B/C | 39.0 | +36% |
Moved Most, Oct 12, 2025 to Oct 12, 2026 [top]
Market equity over $500M; letter changed over the year to the latest rescan. Letters held, in order.
| Weaker | |||||
|---|---|---|---|---|---|
| Company | Letters | Move | Percentile | Market equity | Warnings |
| Warner Bros. Discovery, Inc. (WBD) Warner Bros. Discovery, Inc. (WBD) Eweakest fifth; percentile 94.8 Nasdaq · Cable & Other Pay Television Services market equity $77.7B; last close $30.99 No active warnings; 10 of 14 inputs | A/B, B, E | +72 | 94.8 | $77.7B | |
| Insperity, Inc. (NSP) Insperity, Inc. (NSP) Dfourth fifth; percentile 74.0 NYSE · Services-Help Supply Services market equity $1.9B; last close $48.78 No active warnings; 8 of 14 inputs | A, D/E, D | +65 | 74.0 | $1.9B | |
| Target Hospitality Corp. (TH) Target Hospitality Corp. (TH) Eweakest fifth; percentile 85.1 Nasdaq · Hotels, Rooming Houses, Camps & Other Lodging Places market equity $1.8B; last close $18.41 Warnings: late filer, fortress balance sheet; 10 of 14 inputs | A/B, A, A/B, E | +62 | 85.1 | $1.8B | late filer, fortress balance sheet |
| Synopsys Inc. (SNPS) Synopsys Inc. (SNPS) Dfourth fifth; percentile 77.2 Nasdaq · Services-Prepackaged Software market equity $97.7B; last close $509.86 No active warnings; 12 of 14 inputs | A, E, D/E, E, D/E, D | +60 | 77.2 | $97.7B | |
| Ironwood Pharmaceuticals Inc. (IRWD) Ironwood Pharmaceuticals Inc. (IRWD) D/Eon the D/E boundary; percentile 79.5 Nasdaq · Pharmaceutical Preparations market equity $631.2M; last close $3.81 Warnings: late filer, fortress balance sheet; 7 of 14 inputs | A/B, B, D/E | +57 | 79.5 | $631.2M | late filer, fortress balance sheet |
| International Seaways, Inc. (INSW) International Seaways, Inc. (INSW) Cmiddle fifth; percentile 56.1 NYSE · Water Transportation market equity $5.9B; last close $119.85 No active warnings; 8 of 14 inputs | A, C/D, C | +50 | 56.1 | $5.9B | |
| Alpha Metallurgical Resources, Inc. (AMR) Alpha Metallurgical Resources, Inc. (AMR) Cmiddle fifth; percentile 49.7 NYSE · Bituminous Coal & Lignite Surface Mining market equity $2.3B; last close $181.88 Warnings: fortress balance sheet; 10 of 14 inputs | A, B/C, C | +49 | 49.7 | $2.3B | fortress balance sheet |
| Gold.com, Inc. (GOLD) Gold.com, Inc. (GOLD) Eweakest fifth; percentile 83.7 NYSE · Wholesale-Jewelry, Watches, Precious Stones & Metals market equity $1.2B; last close $40.80 No active warnings; 7 of 14 inputs | B, E | +48 | 83.7 | $1.2B | |
| MP Materials Corp. DE (MP) MP Materials Corp. DE (MP) Eweakest fifth; percentile 86.6 NYSE · Metal Mining market equity $8.2B; last close $46.14 Warnings: fortress balance sheet; 7 of 14 inputs | C, E | +46 | 86.6 | $8.2B | fortress balance sheet |
| Axon Enterprise, Inc. (AXON) Axon Enterprise, Inc. (AXON) Dfourth fifth; percentile 74.4 Nasdaq · Ordnance & Accessories, (No Vehicles/Guided Missiles) market equity $34.4B; last close $422.79 No active warnings; 10 of 14 inputs | B, D | +45 | 74.4 | $34.4B | |
| Stronger | |||||
|---|---|---|---|---|---|
| Company | Letters | Move | Percentile | Market equity | Warnings |
| Hallador Energy Co. (HNRG) Hallador Energy Co. (HNRG) Astrongest fifth; percentile 14.3 Nasdaq · Electric Services market equity $656.2M; last close $13.91 No active warnings; 11 of 14 inputs | E, A | -83 | 14.3 | $656.2M | |
| Avalo Therapeutics, Inc. (AVTX) Avalo Therapeutics, Inc. (AVTX) Bsecond fifth; percentile 23.8 Nasdaq · Pharmaceutical Preparations market equity $732.0M; last close $13.65 Warnings: dilution, degenerate inputs; 7 of 14 inputs | E, B, A/B, B | -72 | 23.8 | $732.0M | dilution, degenerate inputs |
| Micron Technology Inc. (MU) Micron Technology Inc. (MU) Astrongest fifth; percentile 4.2 Nasdaq · Semiconductors & Related Devices market equity $1.2T; last close $1,028.50 Warnings: fortress balance sheet; 11 of 14 inputs | D, B/C, B, B/C, A | -71 | 4.2 | $1.2T | fortress balance sheet |
| Expand Energy Corp. (EXE) Expand Energy Corp. (EXE) Astrongest fifth; percentile 10.2 Nasdaq · Crude Petroleum & Natural Gas market equity $20.4B; last close $88.19 No active warnings; 10 of 14 inputs | D/E, A/B, A | -71 | 10.2 | $20.4B | |
| Republic Airways Holdings Inc. (RJET) Republic Airways Holdings Inc. (RJET) Bsecond fifth; percentile 26.3 Nasdaq · Air Transportation, Scheduled market equity $805.3M; last close $17.27 Warnings: late filer; 7 of 14 inputs | E, B | -70 | 26.3 | $805.3M | late filer |
| Diebold Nixdorf, Inc. (DBD) Diebold Nixdorf, Inc. (DBD) Bsecond fifth; percentile 26.0 NYSE · Calculating & Accounting Machines (No Electronic Computers) market equity $2.2B; last close $63.61 No active warnings; 7 of 14 inputs | E, B | -67 | 26.0 | $2.2B | |
| Nutex Health Inc. (NUTX) Nutex Health Inc. (NUTX) Astrongest fifth; percentile 2.1 Nasdaq · Services-Business Services, NEC market equity $1.4B; last close $204.19 Warnings: late filer, fortress balance sheet; 9 of 14 inputs | D, C/D, A | -63 | 2.1 | $1.4B | late filer, fortress balance sheet |
| Tutor Perini Corp. (TPC) Tutor Perini Corp. (TPC) A/Bon the A/B boundary; percentile 22.1 NYSE · General Bldg Contractors - Nonresidential Bldgs market equity $4.4B; last close $83.18 Warnings: fortress balance sheet; 12 of 14 inputs | D/E, A/B | -60 | 22.1 | $4.4B | fortress balance sheet |
| Power Solutions International, Inc. (PSIX) Power Solutions International, Inc. (PSIX) A/Bon the A/B boundary; percentile 18.9 Nasdaq · Engines & Turbines market equity $1.2B; last close $50.11 No active warnings; 8 of 14 inputs | D, B, A/B | -58 | 18.9 | $1.2B | |
| Lightpath Technologies Inc. (LPTH) Lightpath Technologies Inc. (LPTH) Bsecond fifth; percentile 29.4 Nasdaq · Semiconductors & Related Devices market equity $680.8M; last close $9.73 Warnings: dilution, late filer, fortress balance sheet; 8 of 14 inputs | E, B | -56 | 29.4 | $680.8M | dilution, late filer, fortress balance sheet |
The Letters [top]
Warnings Today [top]
| Check | Filers |
|---|---|
| Late filer | 493 |
| Dilution | 381 |
| Short runway | 365 |
| Degenerate inputs | 154 |
| Distress | 49 |
| Fortress balance sheet | 664 |
| Thin data | 1,336 |
Distress is the top decile of the failure model across the 486 filers where it resolves. Fortress means cash above debt. Thin data means fewer than 7 of 14 inputs and no letter.
Sectors [top]
| Sector | Graded | Median 12-1 | Best ranked |
|---|---|---|---|
| business equipment | 497 | +2% | Nerdwallet, Inc. (NRDS) Nerdwallet, Inc. (NRDS) Astrongest fifth; percentile 0.0 Nasdaq · Services-Computer Processing & Data Preparation market equity $622.2M; last close $9.73 No active warnings; 10 of 14 inputs |
| healthcare | 371 | +8% | Protagonist Therapeutics, Inc. (PTGX) Protagonist Therapeutics, Inc. (PTGX) Astrongest fifth; percentile 0.0 Nasdaq · Pharmaceutical Preparations market equity $9.3B; last close $143.84 Warnings: fortress balance sheet; 7 of 14 inputs |
| other | 336 | +2% | Sezzle Inc. (SEZL) Sezzle Inc. (SEZL) Astrongest fifth; percentile 0.0 Nasdaq · Services-Business Services, NEC market equity $4.3B; last close $128.65 No active warnings; 8 of 14 inputs |
| shops | 258 | -0% | Shake Shack Inc. (SHAK) Shake Shack Inc. (SHAK) Astrongest fifth; percentile 0.0 NYSE · Retail-Eating & Drinking Places last close $66.87 Warnings: fortress balance sheet; 8 of 14 inputs |
| manufacturing | 255 | +14% | Solaris Energy Infrastructure, Inc. (SEI) Solaris Energy Infrastructure, Inc. (SEI) Astrongest fifth; percentile 0.0 NYSE · Oil & Gas Field Machinery & Equipment last close $76.42 Warnings: fortress balance sheet; 8 of 14 inputs |
| consumer nondurables | 124 | -0% | Figs, Inc. (FIGS) Figs, Inc. (FIGS) Astrongest fifth; percentile 0.0 NYSE · Apparel & Other Finishd Prods of Fabrics & Similar Matl last close $15.77 No active warnings; 8 of 14 inputs |
| utilities | 84 | +5% | Consolidated Water Co. Ltd. (CWCO) Consolidated Water Co. Ltd. (CWCO) Astrongest fifth; percentile 0.0 Nasdaq · Water Supply market equity $489.7M; last close $30.56 Warnings: fortress balance sheet; 10 of 14 inputs |
| consumer durables | 78 | -1% | Gentex Corp. (GNTX) Gentex Corp. (GNTX) Astrongest fifth; percentile 0.9 Nasdaq · Motor Vehicle Parts & Accessories market equity $4.4B; last close $21.03 Warnings: fortress balance sheet; 11 of 14 inputs |
| chemicals | 76 | +15% | Interparfums Inc. (IPAR) Interparfums Inc. (IPAR) Astrongest fifth; percentile 1.8 Nasdaq · Perfumes, Cosmetics & Other Toilet Preparations market equity $3.6B; last close $111.88 Warnings: late filer, fortress balance sheet; 9 of 14 inputs |
| energy | 64 | +33% | Natural GAS Services Group Inc. (NGS) Natural GAS Services Group Inc. (NGS) Astrongest fifth; percentile 0.7 NYSE · Oil & Gas Field Services, NEC market equity $426.9M; last close $33.34 No active warnings; 7 of 14 inputs |
| telecom | 61 | -4% | Calix, Inc. (CALX) Calix, Inc. (CALX) Astrongest fifth; percentile 2.3 NYSE · Communications Services, NEC market equity $2.3B; last close $37.24 No active warnings; 11 of 14 inputs |
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