Loading data...
Loading data...
Why a company can look strong on paper and still be highly exposed to a single supplier or a single link in its supply chain — and how X-Ray actually measures that.
Financial statements show what happened — revenue, profit, margins. They don't show who the company depends on for that to keep happening. A company with excellent profitability can be almost entirely dependent on a single supplier, a single factory, or a single country — a risk that shows up nowhere in the financial statements themselves, but can stop the company overnight if that link breaks.
Not all dependency is equal. If a company has a single supplier for a critical component with no near-term alternative, that's sole-source dependency — the most dangerous kind. If several possible suppliers exist even though it currently works with one, the risk is meaningfully lower, even if both cases 'look' similar from the outside.
StockIQ's X-Ray engine builds a documented dependency graph between companies in a real supply chain — not an AI guess — and computes, for every link, whether it's sole-source or whether an alternative exists. The result is a real dependency score per supplier in the graph, letting you understand the risk without reading dozens of 10-K filings.
In industries like semiconductors, EV batteries, or aviation, supply chains are especially deep and concentrated — sometimes only a handful of companies worldwide manufacture one critical component. In those cases, understanding the dependency matters as much as understanding the company's own valuation or growth.
Want to see this in action on a real stock? Analyze a stock now
Read next
The information in this guide is intended for general educational purposes only and does not constitute investment advice. Full details on the disclaimer page.