SBC & Dilution Tracker Dashboard Launch

Altimeter Capital

Thomas Reiner

Research

11 Pages

Thomas Reiner gives an update on quarterly stock-based compensation and dilution analytics and a live company leaderboard.

Key Takeaways

Dilution Compounds Quietly: A company running at 4% annual dilution needs 22% market cap growth over 5 years just to keep the stock flat.
Best In Class Is Tight: Netflix and Nvidia are tied at 0.3% run rate dilution, while Booking sits at 0.5%.
Sector Benchmarks Matter: Non tech leaders run at just 10 to 30 basis points of annual dilution, far below many tech peers.
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