ShadowGraph
Start free trial
SEC filings · customer concentration

Who depends on whom

Every company that appears in the major-customer disclosures of SEC annual reports: its customers worth 10% or more of revenue, the listed suppliers that depend on it, and how those shares moved year by year.

Try Apple, Walmart, NVIDIA, U.S. Government, Fabrinet

Latest changes

Annual reports of the last 90 days in which a major customer was added, dropped, or moved by 5 points or more.

  • Recon Technology20-F · filed 2026-09-30
    • China National Petroleum: 65% of revenue, up from 44% a year earlier.
    • Sinopec: 12% of revenue, down from 17% a year earlier.
  • FreeCast10-K · filed 2026-09-28
    • New major customer: Celebrity Cigars at 30% of revenue (not disclosed as a 10% customer a year earlier).
    • New major customer: Del Air at 19% of revenue (not disclosed as a 10% customer a year earlier).
    • New major customer: Launch That at 32% of revenue (not disclosed as a 10% customer a year earlier).
    • Celebrity Cigars Inc One is no longer disclosed as a 10% customer (it was 20% a year earlier).
    • Test Drive Live is no longer disclosed as a 10% customer (it was 14% a year earlier).
  • Accuray10-K · filed 2026-08-27
    • Cnnc High Energy Equipment: 16% of revenue, down from 26% a year earlier.
  • Kimball Electronics10-K · filed 2026-08-19
    • New major customer: Philips at 11% of revenue (not disclosed as a 10% customer a year earlier).
  • Mercury Systems10-K · filed 2026-08-18
    • New major customer: Northrop Grumman at 10% of revenue (not disclosed as a 10% customer a year earlier).
    • US Navy is no longer disclosed as a 10% customer (it was 10% a year earlier).
  • Fabrinet10-K · filed 2026-08-18
    • New major customer: Amazon at 11% of revenue (not disclosed as a 10% customer a year earlier).
    • New major customer: Nokia at 11% of revenue (not disclosed as a 10% customer a year earlier).
    • NVIDIA: 16% of revenue, down from 28% a year earlier.
  • Gulf Resources10-K · filed 2026-08-17
    • New major customer: Shandong Shouguang Shenrunfa Marine Chemical at 14% of revenue (not disclosed as a 10% customer a year earlier).
  • GreenVector Holdings20-F · filed 2026-07-31
    • New major customer: Tailor Recycled Aggregates HK at 11% of revenue (not disclosed as a 10% customer a year earlier).
    • Tio Stone Environmental: 51% of revenue, down from 85% a year earlier.

Most depended on

Walmart38 suppliersAmazon27 suppliersU.S. Government24 suppliersCardinal Health15 suppliersSamsung Electronics15 suppliersMcKesson14 suppliersApple12 suppliersAmerisourceBergen11 suppliers

All companies 1,455

A

B

C

D

E

F

G

H

I

J

K

L

M

N

O

P

Q

R

S

T

U

V

W

X

Y

Z