Compare
Fundamentals indexed to 100 at the common starting year — growth trajectories, not absolute size.
Revenue, indexed
VMAAXP
Free cash flow, indexed
VMAAXP
Diluted shares, indexed
Falling lines are buying back stock; rising lines are diluting you
VMAAXP
Sales efficiency
New net PP&E required per $1 of new revenue. Below $0.50 is capital-light; a climb toward $1+ means the business is getting more capital-hungry.
| FY | V | MA | AXP |
|---|---|---|---|
| 2011 | 0.16 | 0.01 | — |
| 2012 | 0.08 | 0.03 | — |
| 2013 | 0.07 | 0.06 | — |
| 2014 | 0.17 | 0.08 | — |
| 2015 | -0.00 | 0.31 | — |
| 2016 | 0.22 | 0.05 | ∞ |
| 2017 | 0.03 | 0.06 | -0.19 |
| 2018 | 0.10 | 0.01 | 0.05 |
| 2019 | 0.09 | 0.29 | 0.27 |
| 2020 | ∞ | ∞ | ∞ |
| 2021 | -0.01 | 0.00 | -0.00 |
| 2022 | 0.10 | ∞ | 0.03 |
| 2023 | 0.06 | 0.02 | -0.03 |
| 2024 | 0.12 | 0.03 | 0.14 |
| 2025 | 0.10 | 0.04 | 0.30 |