{ "meta": { "schema_version": 1, "generated_at": "2026-08-17T00:17:18Z", "ticker": "ADM", "cik": "0000007084", "entity_name": "Archer-Daniels-Midland Co", "display": { "title": "Archer-Daniels-Midland Co (ADM)", "description": "Key business-metric trends and peer-relative scores. Not investment advice." } }, "panels": [ { "id": "key_metric_trend", "title": "Key business metric trend", "kind": "multi_series_chart", "open": true, "tabs": [ { "id": "income_cashflow", "label": "Income and cashflow", "unit": "USD", "series": [ { "id": "revenue_ttm", "label": "Revenue TTM", "color": "#e09144", "unit": "USD", "latest": { "end": "2026-06-30", "value": 82099000000.0 }, "points": [ { "end": "2009-06-30", "value": 69207000000.0 }, { "end": "2009-09-30", "value": 62968000000.0 }, { "end": "2009-12-31", "value": 62208000000.0 }, { "end": "2010-03-31", "value": 62511000000.0 }, { "end": "2010-06-30", "value": 61682000000.0 }, { "end": "2010-09-30", "value": 63560000000.0 }, { "end": "2010-12-31", "value": 68577000000.0 }, { "end": "2011-03-31", "value": 73509000000.0 }, { "end": "2011-06-30", "value": 80676000000.0 }, { "end": "2011-09-30", "value": 85779000000.0 }, { "end": "2011-12-31", "value": 88155000000.0 }, { "end": "2012-03-31", "value": 89233000000.0 }, { "end": "2012-06-30", "value": 89038000000.0 }, { "end": "2012-09-30", "value": 88944000000.0 }, { "end": "2012-12-31", "value": 90559000000.0 }, { "end": "2013-03-31", "value": 91131000000.0 }, { "end": "2013-06-30", "value": 90997000000.0 }, { "end": "2013-09-30", "value": 90582000000.0 }, { "end": "2013-12-31", "value": 89804000000.0 }, { "end": "2014-03-31", "value": 88773000000.0 }, { "end": "2014-06-30", "value": 87726000000.0 }, { "end": "2014-09-30", "value": 84450000000.0 }, { "end": "2014-12-31", "value": 81201000000.0 }, { "end": "2015-03-31", "value": 78011000000.0 }, { "end": "2015-06-30", "value": 73703000000.0 }, { "end": "2015-09-30", "value": 72151000000.0 }, { "end": "2015-12-31", "value": 67702000000.0 }, { "end": "2016-03-31", "value": 64580000000.0 }, { "end": "2016-06-30", "value": 63023000000.0 }, { "end": "2016-09-30", "value": 62290000000.0 }, { "end": "2016-12-31", "value": 62346000000.0 }, { "end": "2017-03-31", "value": 62950000000.0 }, { "end": "2017-06-30", "value": 62264000000.0 }, { "end": "2017-09-30", "value": 61259000000.0 }, { "end": "2017-12-31", "value": 60828000000.0 }, { "end": "2018-03-31", "value": 61366000000.0 }, { "end": "2018-06-30", "value": 63491000000.0 }, { "end": "2018-09-30", "value": 64464000000.0 }, { "end": "2018-12-31", "value": 64341000000.0 }, { "end": "2019-03-31", "value": 64119000000.0 }, { "end": "2019-06-30", "value": 63348000000.0 }, { "end": "2019-09-30", "value": 64274000000.0 }, { "end": "2019-12-31", "value": 64656000000.0 }, { "end": "2020-03-31", "value": 64322000000.0 }, { "end": "2020-06-30", "value": 64306000000.0 }, { "end": "2020-09-30", "value": 62706000000.0 }, { "end": "2020-12-31", "value": 64355000000.0 }, { "end": "2021-03-31", "value": 68278000000.0 }, { "end": "2021-06-30", "value": 74923000000.0 }, { "end": "2021-09-30", "value": 80137000000.0 }, { "end": "2021-12-31", "value": 85249000000.0 }, { "end": "2022-03-31", "value": 90006000000.0 }, { "end": "2022-06-30", "value": 94364000000.0 }, { "end": "2022-09-30", "value": 98707000000.0 }, { "end": "2022-12-31", "value": 27606000000.0 }, { "end": "2023-03-31", "value": 28028000000.0 }, { "end": "2023-06-30", "value": 25934000000.0 }, { "end": "2023-09-30", "value": 22946000000.0 }, { "end": "2023-12-31", "value": 93935000000.0 }, { "end": "2024-03-31", "value": 91710000000.0 }, { "end": "2024-06-30", "value": 88768000000.0 }, { "end": "2024-09-30", "value": 87010000000.0 }, { "end": "2024-12-31", "value": 85530000000.0 }, { "end": "2025-03-31", "value": 83858000000.0 }, { "end": "2025-06-30", "value": 82776000000.0 }, { "end": "2025-09-30", "value": 83211000000.0 }, { "end": "2025-12-31", "value": 80269000000.0 }, { "end": "2026-03-31", "value": 80584000000.0 }, { "end": "2026-06-30", "value": 82099000000.0 } ] }, { "id": "operating_income_ttm", "label": "Operating Income TTM", "color": "#7392c9", "unit": "USD", "latest": { "end": "2026-06-30", "value": 2095000000.0 }, "points": [ { "end": "2009-06-30", "value": 1688000000.0 }, { "end": "2009-09-30", "value": 1139000000.0 }, { "end": "2009-12-31", "value": 1121000000.0 }, { "end": "2010-03-31", "value": 1534000000.0 }, { "end": "2010-06-30", "value": 1919000000.0 }, { "end": "2010-09-30", "value": 1884000000.0 }, { "end": "2010-12-31", "value": 2321000000.0 }, { "end": "2011-03-31", "value": 2696000000.0 }, { "end": "2011-06-30", "value": 3015000000.0 }, { "end": "2011-09-30", "value": 3213000000.0 }, { "end": "2011-12-31", "value": 2336000000.0 }, { "end": "2012-03-31", "value": 2113000000.0 }, { "end": "2012-06-30", "value": 1765000000.0 }, { "end": "2012-09-30", "value": 1400000000.0 }, { "end": "2012-12-31", "value": 1981000000.0 }, { "end": "2013-03-31", "value": 1788000000.0 }, { "end": "2013-06-30", "value": 1689000000.0 }, { "end": "2013-09-30", "value": 2103000000.0 }, { "end": "2013-12-31", "value": 2024000000.0 }, { "end": "2014-03-31", "value": 2015000000.0 }, { "end": "2014-06-30", "value": 2433000000.0 }, { "end": "2014-09-30", "value": 2757000000.0 }, { "end": "2014-12-31", "value": 3130000000.0 }, { "end": "2015-03-31", "value": 3454000000.0 }, { "end": "2015-06-30", "value": 3245000000.0 }, { "end": "2015-09-30", "value": 2579000000.0 }, { "end": "2015-12-31", "value": 2284000000.0 }, { "end": "2016-03-31", "value": 1900000000.0 }, { "end": "2016-06-30", "value": 1781000000.0 }, { "end": "2016-09-30", "value": 1894000000.0 }, { "end": "2016-12-31", "value": 1822000000.0 }, { "end": "2017-03-31", "value": 1974000000.0 }, { "end": "2017-06-30", "value": 1950000000.0 }, { "end": "2017-09-30", "value": 1695000000.0 }, { "end": "2017-12-31", "value": 1609000000.0 }, { "end": "2018-03-31", "value": 1615000000.0 }, { "end": "2018-06-30", "value": 1884000000.0 }, { "end": "2018-09-30", "value": 2291000000.0 }, { "end": "2018-12-31", "value": 2060000000.0 }, { "end": "2019-03-31", "value": 1911000000.0 }, { "end": "2019-06-30", "value": 1533000000.0 }, { "end": "2019-09-30", "value": 1404000000.0 }, { "end": "2019-12-31", "value": 1588000000.0 }, { "end": "2020-03-31", "value": 1648000000.0 }, { "end": "2020-06-30", "value": 1926000000.0 }, { "end": "2020-09-30", "value": 1623000000.0 }, { "end": "2020-12-31", "value": 1883000000.0 }, { "end": "2021-03-31", "value": 2332000000.0 }, { "end": "2021-06-30", "value": 2605000000.0 }, { "end": "2021-09-30", "value": 3058000000.0 }, { "end": "2021-12-31", "value": 3313000000.0 }, { "end": "2022-03-31", "value": 3760000000.0 }, { "end": "2022-06-30", "value": 4454000000.0 }, { "end": "2022-09-30", "value": 5031000000.0 }, { "end": "2022-12-31", "value": 5233000000.0 }, { "end": "2023-03-31", "value": 5359000000.0 }, { "end": "2023-06-30", "value": 4972000000.0 }, { "end": "2023-09-30", "value": 4773000000.0 }, { "end": "2023-12-31", "value": 4294000000.0 }, { "end": "2024-03-31", "value": 3782000000.0 }, { "end": "2024-06-30", "value": 3246000000.0 }, { "end": "2024-09-30", "value": 2323000000.0 }, { "end": "2024-12-31", "value": 2256000000.0 }, { "end": "2025-03-31", "value": 1724000000.0 }, { "end": "2025-06-30", "value": 1407000000.0 }, { "end": "2025-09-30", "value": 1446000000.0 }, { "end": "2025-12-31", "value": 1255000000.0 }, { "end": "2026-03-31", "value": 1286000000.0 }, { "end": "2026-06-30", "value": 2095000000.0 } ] }, { "id": "net_income_ttm", "label": "Net Income TTM", "color": "#72ac80", "unit": "USD", "latest": { "end": "2026-06-30", "value": 1770000000.0 }, "points": [ { "end": "2009-06-30", "value": 1684000000.0 }, { "end": "2009-09-30", "value": 1135000000.0 }, { "end": "2009-12-31", "value": 1124000000.0 }, { "end": "2010-03-31", "value": 1542000000.0 }, { "end": "2010-06-30", "value": 1930000000.0 }, { "end": "2010-09-30", "value": 1779000000.0 }, { "end": "2010-12-31", "value": 1944000000.0 }, { "end": "2011-03-31", "value": 2101000000.0 }, { "end": "2011-06-30", "value": 2036000000.0 }, { "end": "2011-09-30", "value": 2151000000.0 }, { "end": "2011-12-31", "value": 1499000000.0 }, { "end": "2012-03-31", "value": 1320000000.0 }, { "end": "2012-06-30", "value": 1223000000.0 }, { "end": "2012-09-30", "value": 945000000.0 }, { "end": "2012-12-31", "value": 1375000000.0 }, { "end": "2013-03-31", "value": 1245000000.0 }, { "end": "2013-06-30", "value": 1184000000.0 }, { "end": "2013-09-30", "value": 1478000000.0 }, { "end": "2013-12-31", "value": 1342000000.0 }, { "end": "2014-03-31", "value": 1340000000.0 }, { "end": "2014-06-30", "value": 1650000000.0 }, { "end": "2014-09-30", "value": 1921000000.0 }, { "end": "2014-12-31", "value": 2248000000.0 }, { "end": "2015-03-31", "value": 2474000000.0 }, { "end": "2015-06-30", "value": 2327000000.0 }, { "end": "2015-09-30", "value": 1832000000.0 }, { "end": "2015-12-31", "value": 1849000000.0 }, { "end": "2016-03-31", "value": 1586000000.0 }, { "end": "2016-06-30", "value": 1484000000.0 }, { "end": "2016-09-30", "value": 1573000000.0 }, { "end": "2016-12-31", "value": 1279000000.0 }, { "end": "2017-03-31", "value": 1388000000.0 }, { "end": "2017-06-30", "value": 1380000000.0 }, { "end": "2017-09-30", "value": 1231000000.0 }, { "end": "2017-12-31", "value": 1595000000.0 }, { "end": "2018-03-31", "value": 1649000000.0 }, { "end": "2018-06-30", "value": 1939000000.0 }, { "end": "2018-09-30", "value": 2283000000.0 }, { "end": "2018-12-31", "value": 1810000000.0 }, { "end": "2019-03-31", "value": 1650000000.0 }, { "end": "2019-06-30", "value": 1319000000.0 }, { "end": "2019-09-30", "value": 1190000000.0 }, { "end": "2019-12-31", "value": 1379000000.0 }, { "end": "2020-03-31", "value": 1537000000.0 }, { "end": "2020-06-30", "value": 1771000000.0 }, { "end": "2020-09-30", "value": 1589000000.0 }, { "end": "2020-12-31", "value": 1772000000.0 }, { "end": "2021-03-31", "value": 2070000000.0 }, { "end": "2021-06-30", "value": 2313000000.0 }, { "end": "2021-09-30", "value": 2614000000.0 }, { "end": "2021-12-31", "value": 2709000000.0 }, { "end": "2022-03-31", "value": 3074000000.0 }, { "end": "2022-06-30", "value": 3598000000.0 }, { "end": "2022-09-30", "value": 4103000000.0 }, { "end": "2022-12-31", "value": 4340000000.0 }, { "end": "2023-03-31", "value": 4456000000.0 }, { "end": "2023-06-30", "value": 4147000000.0 }, { "end": "2023-09-30", "value": 3937000000.0 }, { "end": "2023-12-31", "value": 3483000000.0 }, { "end": "2024-03-31", "value": 3042000000.0 }, { "end": "2024-06-30", "value": 2601000000.0 }, { "end": "2024-09-30", "value": 1798000000.0 }, { "end": "2024-12-31", "value": 1800000000.0 }, { "end": "2025-03-31", "value": 1366000000.0 }, { "end": "2025-06-30", "value": 1099000000.0 }, { "end": "2025-09-30", "value": 1189000000.0 }, { "end": "2025-12-31", "value": 1078000000.0 }, { "end": "2026-03-31", "value": 1081000000.0 }, { "end": "2026-06-30", "value": 1770000000.0 } ] }, { "id": "free_cash_flow_ttm", "label": "Free Cash Flow TTM", "color": "#8b7ec8", "unit": "USD", "latest": { "end": "2026-06-30", "value": 1677000000.0 }, "points": [ { "end": "2009-06-30", "value": 3443000000.0 }, { "end": "2009-09-30", "value": 741000000.0 }, { "end": "2009-12-31", "value": -912000000.0 }, { "end": "2010-03-31", "value": 599000000.0 }, { "end": "2010-06-30", "value": 1077000000.0 }, { "end": "2010-09-30", "value": -1624000000.0 }, { "end": "2010-12-31", "value": -4092000000.0 }, { "end": "2011-03-31", "value": -6130000000.0 }, { "end": "2011-06-30", "value": -3587000000.0 }, { "end": "2011-09-30", "value": -737000000.0 }, { "end": "2011-12-31", "value": 3330000000.0 }, { "end": "2012-03-31", "value": 3140000000.0 }, { "end": "2012-06-30", "value": 1418000000.0 }, { "end": "2012-09-30", "value": 5000000.0 }, { "end": "2012-12-31", "value": 1092000000.0 }, { "end": "2013-03-31", "value": 2325000000.0 }, { "end": "2013-06-30", "value": 3769000000.0 }, { "end": "2013-09-30", "value": 5842000000.0 }, { "end": "2013-12-31", "value": 4313000000.0 }, { "end": "2014-03-31", "value": 3658000000.0 }, { "end": "2014-06-30", "value": 2992000000.0 }, { "end": "2014-09-30", "value": 3922000000.0 }, { "end": "2014-12-31", "value": 4049000000.0 }, { "end": "2015-03-31", "value": 4396000000.0 }, { "end": "2015-06-30", "value": 3331000000.0 }, { "end": "2015-09-30", "value": 509000000.0 }, { "end": "2015-12-31", "value": 580000000.0 }, { "end": "2016-03-31", "value": 624000000.0 }, { "end": "2016-06-30", "value": -52000000.0 }, { "end": "2016-09-30", "value": 976000000.0 }, { "end": "2016-12-31", "value": -7390000000.0 }, { "end": "2017-03-31", "value": -8924000000.0 }, { "end": "2017-06-30", "value": -9157000000.0 }, { "end": "2017-09-30", "value": -12010000000.0 }, { "end": "2017-12-31", "value": -7015000000.0 }, { "end": "2018-03-31", "value": -9096000000.0 }, { "end": "2018-06-30", "value": -8041000000.0 }, { "end": "2018-09-30", "value": -7305000000.0 }, { "end": "2018-12-31", "value": -5626000000.0 }, { "end": "2019-03-31", "value": -4089000000.0 }, { "end": "2019-06-30", "value": -5164000000.0 }, { "end": "2019-09-30", "value": -5596000000.0 }, { "end": "2019-12-31", "value": -6280000000.0 }, { "end": "2020-03-31", "value": -4896000000.0 }, { "end": "2020-06-30", "value": -3980000000.0 }, { "end": "2020-09-30", "value": -4149000000.0 }, { "end": "2020-12-31", "value": -3209000000.0 }, { "end": "2021-03-31", "value": -2236000000.0 }, { "end": "2021-06-30", "value": 167000000.0 }, { "end": "2021-09-30", "value": 4004000000.0 }, { "end": "2021-12-31", "value": 5426000000.0 }, { "end": "2022-03-31", "value": 3879000000.0 }, { "end": "2022-06-30", "value": 1671000000.0 }, { "end": "2022-09-30", "value": 2794000000.0 }, { "end": "2022-12-31", "value": 2159000000.0 }, { "end": "2023-03-31", "value": 1645000000.0 }, { "end": "2023-06-30", "value": 3619000000.0 }, { "end": "2023-09-30", "value": 488000000.0 }, { "end": "2023-12-31", "value": 2966000000.0 }, { "end": "2024-03-31", "value": 5275000000.0 }, { "end": "2024-06-30", "value": 3159000000.0 }, { "end": "2024-09-30", "value": 3527000000.0 }, { "end": "2024-12-31", "value": 1227000000.0 }, { "end": "2025-03-31", "value": 222000000.0 }, { "end": "2025-06-30", "value": 4109000000.0 }, { "end": "2025-09-30", "value": 4703000000.0 }, { "end": "2025-12-31", "value": 4204000000.0 }, { "end": "2026-03-31", "value": 4793000000.0 }, { "end": "2026-06-30", "value": 1677000000.0 } ] } ] }, { "id": "balance", "label": "Balance", "unit": "USD", "series": [ { "id": "assets", "label": "Assets", "color": "#5f9ea0", "unit": "USD", "latest": { "end": "2026-06-30", "value": 53527000000.0 }, "points": [ { "end": "2009-06-30", "value": 31582000000.0 }, { "end": "2009-09-30", "value": 31861000000.0 }, { "end": "2009-12-31", "value": 33529000000.0 }, { "end": "2010-03-31", "value": 32326000000.0 }, { "end": "2010-06-30", "value": 31808000000.0 }, { "end": "2010-09-30", "value": 36036000000.0 }, { "end": "2010-12-31", "value": 42610000000.0 }, { "end": "2011-03-31", "value": 43763000000.0 }, { "end": "2011-06-30", "value": 42193000000.0 }, { "end": "2011-09-30", "value": 41448000000.0 }, { "end": "2011-12-31", "value": 41516000000.0 }, { "end": "2012-03-31", "value": 41858000000.0 }, { "end": "2012-06-30", "value": 41553000000.0 }, { "end": "2012-09-30", "value": 44760000000.0 }, { "end": "2012-12-31", "value": 45136000000.0 }, { "end": "2013-03-31", "value": 43226000000.0 }, { "end": "2013-06-30", "value": 40238000000.0 }, { "end": "2013-09-30", "value": 41448000000.0 }, { "end": "2013-12-31", "value": 43752000000.0 }, { "end": "2014-03-31", "value": 41444000000.0 }, { "end": "2014-06-30", "value": 39930000000.0 }, { "end": "2014-09-30", "value": 41821000000.0 }, { "end": "2014-12-31", "value": 43997000000.0 }, { "end": "2015-03-31", "value": 41715000000.0 }, { "end": "2015-06-30", "value": 40568000000.0 }, { "end": "2015-09-30", "value": 40877000000.0 }, { "end": "2015-12-31", "value": 40157000000.0 }, { "end": "2016-03-31", "value": 39681000000.0 }, { "end": "2016-06-30", "value": 40098000000.0 }, { "end": "2016-09-30", "value": 39853000000.0 }, { "end": "2016-12-31", "value": 39769000000.0 }, { "end": "2017-03-31", "value": 39630000000.0 }, { "end": "2017-06-30", "value": 37817000000.0 }, { "end": "2017-09-30", "value": 38969000000.0 }, { "end": "2017-12-31", "value": 39963000000.0 }, { "end": "2018-01-01", "value": 39956000000.0 }, { "end": "2018-03-31", "value": 41100000000.0 }, { "end": "2018-06-30", "value": 38755000000.0 }, { "end": "2018-09-30", "value": 39664000000.0 }, { "end": "2018-12-31", "value": 40833000000.0 }, { "end": "2019-03-31", "value": 43151000000.0 }, { "end": "2019-06-30", "value": 42616000000.0 }, { "end": "2019-09-30", "value": 41804000000.0 }, { "end": "2019-12-31", "value": 43997000000.0 }, { "end": "2020-03-31", "value": 48395000000.0 }, { "end": "2020-06-30", "value": 44341000000.0 }, { "end": "2020-09-30", "value": 44795000000.0 }, { "end": "2020-12-31", "value": 49719000000.0 }, { "end": "2021-03-31", "value": 51478000000.0 }, { "end": "2021-06-30", "value": 50958000000.0 }, { "end": "2021-09-30", "value": 52298000000.0 }, { "end": "2021-12-31", "value": 56136000000.0 }, { "end": "2022-03-31", "value": 64866000000.0 }, { "end": "2022-06-30", "value": 61828000000.0 }, { "end": "2022-09-30", "value": 58304000000.0 }, { "end": "2022-12-31", "value": 59774000000.0 }, { "end": "2023-03-31", "value": 58802000000.0 }, { "end": "2023-06-30", "value": 55499000000.0 }, { "end": "2023-09-30", "value": 55093000000.0 }, { "end": "2023-12-31", "value": 54631000000.0 }, { "end": "2024-03-31", "value": 54831000000.0 }, { "end": "2024-06-30", "value": 52698000000.0 }, { "end": "2024-09-30", "value": 52199000000.0 }, { "end": "2024-12-31", "value": 53271000000.0 }, { "end": "2025-03-31", "value": 53402000000.0 }, { "end": "2025-06-30", "value": 51996000000.0 }, { "end": "2025-09-30", "value": 51918000000.0 }, { "end": "2025-12-31", "value": 52389000000.0 }, { "end": "2026-03-31", "value": 55598000000.0 }, { "end": "2026-06-30", "value": 53527000000.0 } ] }, { "id": "total_liabilities", "label": "Total Liabilities", "color": "#c86e6e", "unit": "USD", "latest": { "end": "2026-06-30", "value": 29655000000.0 }, "points": [ { "end": "2009-06-30", "value": 17929000000.0 }, { "end": "2009-09-30", "value": 17618000000.0 }, { "end": "2009-12-31", "value": 18734000000.0 }, { "end": "2010-03-31", "value": 17557000000.0 }, { "end": "2010-06-30", "value": 17177000000.0 }, { "end": "2010-09-30", "value": 20649000000.0 }, { "end": "2010-12-31", "value": 26706000000.0 }, { "end": "2011-03-31", "value": 27083000000.0 }, { "end": "2011-06-30", "value": 23355000000.0 }, { "end": "2011-09-30", "value": 23039000000.0 }, { "end": "2011-12-31", "value": 23351000000.0 }, { "end": "2012-03-31", "value": 23307000000.0 }, { "end": "2012-06-30", "value": 23384000000.0 }, { "end": "2012-09-30", "value": 26319000000.0 }, { "end": "2012-12-31", "value": 26005000000.0 }, { "end": "2013-03-31", "value": 24250000000.0 }, { "end": "2013-06-30", "value": 21225000000.0 }, { "end": "2013-09-30", "value": 21882000000.0 }, { "end": "2013-12-31", "value": 23558000000.0 }, { "end": "2014-03-31", "value": 21382000000.0 }, { "end": "2014-06-30", "value": 19711000000.0 }, { "end": "2014-09-30", "value": 21560000000.0 }, { "end": "2014-12-31", "value": 24367000000.0 }, { "end": "2015-03-31", "value": 22958000000.0 }, { "end": "2015-06-30", "value": 22010000000.0 }, { "end": "2015-09-30", "value": 22999000000.0 }, { "end": "2015-12-31", "value": 22242000000.0 }, { "end": "2016-03-31", "value": 21768000000.0 }, { "end": "2016-06-30", "value": 22388000000.0 }, { "end": "2016-09-30", "value": 22257000000.0 }, { "end": "2016-12-31", "value": 22564000000.0 }, { "end": "2017-03-31", "value": 22475000000.0 }, { "end": "2017-06-30", "value": 20372000000.0 }, { "end": "2017-09-30", "value": 21339000000.0 }, { "end": "2017-12-31", "value": 21588000000.0 }, { "end": "2018-03-31", "value": 22304000000.0 }, { "end": "2018-06-30", "value": 19990000000.0 }, { "end": "2018-09-30", "value": 20618000000.0 }, { "end": "2018-12-31", "value": 21788000000.0 }, { "end": "2019-03-31", "value": 24192000000.0 }, { "end": "2019-06-30", "value": 23584000000.0 }, { "end": "2019-09-30", "value": 22856000000.0 }, { "end": "2019-12-31", "value": 24714000000.0 }, { "end": "2020-03-31", "value": 29348000000.0 }, { "end": "2020-06-30", "value": 24945000000.0 }, { "end": "2020-09-30", "value": 25369000000.0 }, { "end": "2020-12-31", "value": 29623000000.0 }, { "end": "2021-03-31", "value": 30535000000.0 }, { "end": "2021-06-30", "value": 29284000000.0 }, { "end": "2021-09-30", "value": 30083000000.0 }, { "end": "2021-12-31", "value": 33369000000.0 }, { "end": "2022-03-31", "value": 40849000000.0 }, { "end": "2022-06-30", "value": 37141000000.0 }, { "end": "2022-09-30", "value": 33985000000.0 }, { "end": "2022-12-31", "value": 35158000000.0 }, { "end": "2023-03-31", "value": 33605000000.0 }, { "end": "2023-06-30", "value": 30220000000.0 }, { "end": "2023-09-30", "value": 29512000000.0 }, { "end": "2023-12-31", "value": 30166000000.0 }, { "end": "2024-03-31", "value": 31292000000.0 }, { "end": "2024-06-30", "value": 30237000000.0 }, { "end": "2024-09-30", "value": 29932000000.0 }, { "end": "2024-12-31", "value": 30840000000.0 }, { "end": "2025-03-31", "value": 31020000000.0 }, { "end": "2025-06-30", "value": 29309000000.0 }, { "end": "2025-09-30", "value": 29166000000.0 }, { "end": "2025-12-31", "value": 29362000000.0 }, { "end": "2026-03-31", "value": 32495000000.0 }, { "end": "2026-06-30", "value": 29655000000.0 } ] } ] }, { "id": "ratio", "label": "Ratio", "unit": "ratio", "series": [ { "id": "operating_income_to_liabilities", "label": "OI / Liabilities", "color": "#b48c5a", "unit": "ratio", "latest": { "end": "2026-06-30", "value": 0.07064575956836959 }, "points": [ { "end": "2009-06-30", "value": 0.09414914384516705 }, { "end": "2009-09-30", "value": 0.06464978998751277 }, { "end": "2009-12-31", "value": 0.059837728194726165 }, { "end": "2010-03-31", "value": 0.08737255795409238 }, { "end": "2010-06-30", "value": 0.11171915934097922 }, { "end": "2010-09-30", "value": 0.09123928519540898 }, { "end": "2010-12-31", "value": 0.08690930876956489 }, { "end": "2011-03-31", "value": 0.09954584056419157 }, { "end": "2011-06-30", "value": 0.12909441233140656 }, { "end": "2011-09-30", "value": 0.13945917791570814 }, { "end": "2011-12-31", "value": 0.10003854224658473 }, { "end": "2012-03-31", "value": 0.09065945853177157 }, { "end": "2012-06-30", "value": 0.07547895997263086 }, { "end": "2012-09-30", "value": 0.05319351039173221 }, { "end": "2012-12-31", "value": 0.07617765814266488 }, { "end": "2013-03-31", "value": 0.0737319587628866 }, { "end": "2013-06-30", "value": 0.07957597173144876 }, { "end": "2013-09-30", "value": 0.09610638881272279 }, { "end": "2013-12-31", "value": 0.0859156125307751 }, { "end": "2014-03-31", "value": 0.09423814423346741 }, { "end": "2014-06-30", "value": 0.12343361574755213 }, { "end": "2014-09-30", "value": 0.12787569573283858 }, { "end": "2014-12-31", "value": 0.12845241515163952 }, { "end": "2015-03-31", "value": 0.15044864535238262 }, { "end": "2015-06-30", "value": 0.1474329850068151 }, { "end": "2015-09-30", "value": 0.11213531023087961 }, { "end": "2015-12-31", "value": 0.10268860713964571 }, { "end": "2016-03-31", "value": 0.08728408673281882 }, { "end": "2016-06-30", "value": 0.07955154547078792 }, { "end": "2016-09-30", "value": 0.08509682347126747 }, { "end": "2016-12-31", "value": 0.08074809430951958 }, { "end": "2017-03-31", "value": 0.08783092324805339 }, { "end": "2017-06-30", "value": 0.09571961515806009 }, { "end": "2017-09-30", "value": 0.07943202586812878 }, { "end": "2017-12-31", "value": 0.07453214748934593 }, { "end": "2018-03-31", "value": 0.07240853658536585 }, { "end": "2018-06-30", "value": 0.09424712356178089 }, { "end": "2018-09-30", "value": 0.11111650014550394 }, { "end": "2018-12-31", "value": 0.09454745731595374 }, { "end": "2019-03-31", "value": 0.07899305555555555 }, { "end": "2019-06-30", "value": 0.0650016960651289 }, { "end": "2019-09-30", "value": 0.06142807140357018 }, { "end": "2019-12-31", "value": 0.06425507809338836 }, { "end": "2020-03-31", "value": 0.0561537413111626 }, { "end": "2020-06-30", "value": 0.0772098616957306 }, { "end": "2020-09-30", "value": 0.06397571839646814 }, { "end": "2020-12-31", "value": 0.0635654727745333 }, { "end": "2021-03-31", "value": 0.07637137710823645 }, { "end": "2021-06-30", "value": 0.08895642671766152 }, { "end": "2021-09-30", "value": 0.10165209586809826 }, { "end": "2021-12-31", "value": 0.09928376636998412 }, { "end": "2022-03-31", "value": 0.0920463169233029 }, { "end": "2022-06-30", "value": 0.11992138068441884 }, { "end": "2022-09-30", "value": 0.1480358981903781 }, { "end": "2022-12-31", "value": 0.14884236873542295 }, { "end": "2023-03-31", "value": 0.15947031691712543 }, { "end": "2023-06-30", "value": 0.1645268034414295 }, { "end": "2023-09-30", "value": 0.16173082136080238 }, { "end": "2023-12-31", "value": 0.14234568719750712 }, { "end": "2024-03-31", "value": 0.12086156206059057 }, { "end": "2024-06-30", "value": 0.1073519198333168 }, { "end": "2024-09-30", "value": 0.0776092476279567 }, { "end": "2024-12-31", "value": 0.07315175097276265 }, { "end": "2025-03-31", "value": 0.05557704706640877 }, { "end": "2025-06-30", "value": 0.0480057320277048 }, { "end": "2025-09-30", "value": 0.04957827607488171 }, { "end": "2025-12-31", "value": 0.04274232000544922 }, { "end": "2026-03-31", "value": 0.039575319279889214 }, { "end": "2026-06-30", "value": 0.07064575956836959 } ] }, { "id": "operating_margin_ttm", "label": "Operating Margin (TTM)", "color": "#5a966e", "unit": "ratio", "latest": { "end": "2026-06-30", "value": 0.025517972204289942 }, "points": [ { "end": "2009-06-30", "value": 0.024390596326961146 }, { "end": "2009-09-30", "value": 0.018088552915766738 }, { "end": "2009-12-31", "value": 0.018020190329218106 }, { "end": "2010-03-31", "value": 0.02453968101614116 }, { "end": "2010-06-30", "value": 0.031111183165267016 }, { "end": "2010-09-30", "value": 0.02964128382630585 }, { "end": "2010-12-31", "value": 0.03384516674686849 }, { "end": "2011-03-31", "value": 0.03667578119686025 }, { "end": "2011-06-30", "value": 0.03737170905845605 }, { "end": "2011-09-30", "value": 0.03745672017626692 }, { "end": "2011-12-31", "value": 0.026498780556973512 }, { "end": "2012-03-31", "value": 0.023679580424282497 }, { "end": "2012-06-30", "value": 0.019822996922662234 }, { "end": "2012-09-30", "value": 0.01574024105054866 }, { "end": "2012-12-31", "value": 0.02187524155522919 }, { "end": "2013-03-31", "value": 0.01962010731803667 }, { "end": "2013-06-30", "value": 0.018561051463235053 }, { "end": "2013-09-30", "value": 0.023216533086043586 }, { "end": "2013-12-31", "value": 0.02253797158255757 }, { "end": "2014-03-31", "value": 0.02269834296464015 }, { "end": "2014-06-30", "value": 0.027734081116202722 }, { "end": "2014-09-30", "value": 0.03264653641207815 }, { "end": "2014-12-31", "value": 0.038546323321141364 }, { "end": "2015-03-31", "value": 0.0442758072579508 }, { "end": "2015-06-30", "value": 0.04402805855935308 }, { "end": "2015-09-30", "value": 0.03574448032598301 }, { "end": "2015-12-31", "value": 0.03373607869782281 }, { "end": "2016-03-31", "value": 0.029420873335397956 }, { "end": "2016-06-30", "value": 0.028259524300652143 }, { "end": "2016-09-30", "value": 0.03040616471343715 }, { "end": "2016-12-31", "value": 0.029224007955602604 }, { "end": "2017-03-31", "value": 0.0313582208101668 }, { "end": "2017-06-30", "value": 0.03131825774123089 }, { "end": "2017-09-30", "value": 0.027669403679459345 }, { "end": "2017-12-31", "value": 0.026451634115867692 }, { "end": "2018-03-31", "value": 0.02631750480722224 }, { "end": "2018-06-30", "value": 0.02967349703107527 }, { "end": "2018-09-30", "value": 0.03553921568627451 }, { "end": "2018-12-31", "value": 0.032016909901928785 }, { "end": "2019-03-31", "value": 0.02980395826510083 }, { "end": "2019-06-30", "value": 0.024199659026330745 }, { "end": "2019-09-30", "value": 0.021843980458661354 }, { "end": "2019-12-31", "value": 0.02456075228903737 }, { "end": "2020-03-31", "value": 0.025621093871459222 }, { "end": "2020-06-30", "value": 0.02995054893789071 }, { "end": "2020-09-30", "value": 0.025882690651612285 }, { "end": "2020-12-31", "value": 0.029259575790536865 }, { "end": "2021-03-31", "value": 0.03415448607164826 }, { "end": "2021-06-30", "value": 0.03476902953699131 }, { "end": "2021-09-30", "value": 0.03815965159664075 }, { "end": "2021-12-31", "value": 0.038862625954556654 }, { "end": "2022-03-31", "value": 0.041774992778259225 }, { "end": "2022-06-30", "value": 0.04720020346742402 }, { "end": "2022-09-30", "value": 0.05096902955210877 }, { "end": "2022-12-31", "value": 0.18956024052742157 }, { "end": "2023-03-31", "value": 0.19120165548736978 }, { "end": "2023-06-30", "value": 0.19171743656975399 }, { "end": "2023-09-30", "value": 0.20801011069467445 }, { "end": "2023-12-31", "value": 0.04571246074413158 }, { "end": "2024-03-31", "value": 0.04123868716606695 }, { "end": "2024-06-30", "value": 0.03656723143475126 }, { "end": "2024-09-30", "value": 0.026698080680381566 }, { "end": "2024-12-31", "value": 0.026376709926341634 }, { "end": "2025-03-31", "value": 0.02055856328555415 }, { "end": "2025-06-30", "value": 0.01699768048709771 }, { "end": "2025-09-30", "value": 0.017377510184951508 }, { "end": "2025-12-31", "value": 0.015634927556092637 }, { "end": "2026-03-31", "value": 0.015958502928621065 }, { "end": "2026-06-30", "value": 0.025517972204289942 } ] }, { "id": "net_margin_ttm", "label": "Net Margin (TTM)", "color": "#4682a0", "unit": "ratio", "latest": { "end": "2026-06-30", "value": 0.02155933689813518 }, "points": [ { "end": "2009-06-30", "value": 0.024332798705333277 }, { "end": "2009-09-30", "value": 0.018025028585948417 }, { "end": "2009-12-31", "value": 0.01806841563786008 }, { "end": "2010-03-31", "value": 0.02466765849210539 }, { "end": "2010-06-30", "value": 0.03128951720112837 }, { "end": "2010-09-30", "value": 0.027989301447451227 }, { "end": "2010-12-31", "value": 0.028347696749639092 }, { "end": "2011-03-31", "value": 0.028581534233903333 }, { "end": "2011-06-30", "value": 0.025236749467003817 }, { "end": "2011-09-30", "value": 0.025076067568985415 }, { "end": "2011-12-31", "value": 0.017004140434462026 }, { "end": "2012-03-31", "value": 0.014792733629935113 }, { "end": "2012-06-30", "value": 0.013735708349244143 }, { "end": "2012-09-30", "value": 0.010624662709120346 }, { "end": "2012-12-31", "value": 0.015183471548934948 }, { "end": "2013-03-31", "value": 0.01366165190769332 }, { "end": "2013-06-30", "value": 0.013011417958833808 }, { "end": "2013-09-30", "value": 0.016316707513634055 }, { "end": "2013-12-31", "value": 0.014943655071043607 }, { "end": "2014-03-31", "value": 0.01509467968864407 }, { "end": "2014-06-30", "value": 0.01880856302578483 }, { "end": "2014-09-30", "value": 0.022747187685020723 }, { "end": "2014-12-31", "value": 0.027684388123298972 }, { "end": "2015-03-31", "value": 0.031713476304623706 }, { "end": "2015-06-30", "value": 0.03157266325658386 }, { "end": "2015-09-30", "value": 0.025391193469251984 }, { "end": "2015-12-31", "value": 0.027310862308351305 }, { "end": "2016-03-31", "value": 0.02455868689996903 }, { "end": "2016-06-30", "value": 0.02354695904669724 }, { "end": "2016-09-30", "value": 0.02525284957457056 }, { "end": "2016-12-31", "value": 0.020514547845892277 }, { "end": "2017-03-31", "value": 0.02204924543288324 }, { "end": "2017-06-30", "value": 0.022163690093794167 }, { "end": "2017-09-30", "value": 0.020095006448032127 }, { "end": "2017-12-31", "value": 0.02622147695140396 }, { "end": "2018-03-31", "value": 0.026871557540005867 }, { "end": "2018-06-30", "value": 0.03053976154100581 }, { "end": "2018-09-30", "value": 0.03541511541325391 }, { "end": "2018-12-31", "value": 0.028131362583733544 }, { "end": "2019-03-31", "value": 0.02573340195573855 }, { "end": "2019-06-30", "value": 0.020821493969817514 }, { "end": "2019-09-30", "value": 0.018514484861685908 }, { "end": "2019-12-31", "value": 0.02132826033160109 }, { "end": "2020-03-31", "value": 0.023895401262398558 }, { "end": "2020-06-30", "value": 0.027540198426274375 }, { "end": "2020-09-30", "value": 0.025340477785219914 }, { "end": "2020-12-31", "value": 0.027534768083288013 }, { "end": "2021-03-31", "value": 0.030317232490699786 }, { "end": "2021-06-30", "value": 0.03087169494013854 }, { "end": "2021-09-30", "value": 0.03261913972322398 }, { "end": "2021-12-31", "value": 0.03177749885629157 }, { "end": "2022-03-31", "value": 0.03415327867031087 }, { "end": "2022-06-30", "value": 0.03812894747997118 }, { "end": "2022-09-30", "value": 0.041567467352872645 }, { "end": "2022-12-31", "value": 0.15721220024632326 }, { "end": "2023-03-31", "value": 0.15898387326958754 }, { "end": "2023-06-30", "value": 0.15990591501503817 }, { "end": "2023-09-30", "value": 0.17157674540224876 }, { "end": "2023-12-31", "value": 0.03707883110661628 }, { "end": "2024-03-31", "value": 0.03316977428851815 }, { "end": "2024-06-30", "value": 0.029301099495313628 }, { "end": "2024-09-30", "value": 0.020664291460751636 }, { "end": "2024-12-31", "value": 0.02104524728165556 }, { "end": "2025-03-31", "value": 0.01628944167521286 }, { "end": "2025-06-30", "value": 0.013276795206340002 }, { "end": "2025-09-30", "value": 0.014288976217086684 }, { "end": "2025-12-31", "value": 0.013429842155751286 }, { "end": "2026-03-31", "value": 0.013414573612627817 }, { "end": "2026-06-30", "value": 0.02155933689813518 } ] } ] } ] }, { "id": "competitive_analysis", "title": "Business metrics competitive analysis", "kind": "score_gallery", "open": true, "metrics": [ { "id": "revenue_ttm_5yr_trend", "label": "Revenue (5y trend)", "is_ratio": true, "latest": { "end": "2026-06-30", "value": 0.03118125550829713 }, "latest_score": { "z": -0.5001008480534339, "percentile_empirical": 33.53615154361569, "ref_year": 2026, "fallback_year_used": false, "r_squared": 0.021301909357582985 }, "latest_fit": { "year": 2026, "t_df": 3.132093656524525, "t_loc": 0.05882262761072473, "t_scale": 0.05527159613909357, "n_observations": 478, "universe": "sp500", "percentiles_empirical": [ -0.400032, -0.134256, -0.104317, -0.085122, -0.064261, -0.053778, -0.042476, -0.035479, -0.029896, -0.022549, -0.014691, -0.010865, -0.009822, -0.005872, -0.001948, 0.000723, 0.003252, 0.005233, 0.008543, 0.010373, 0.013611, 0.014789, 0.01672, 0.017371, 0.018455, 0.020322, 0.021314, 0.021827, 0.022852, 0.024331, 0.025275, 0.027191, 0.028368, 0.029598, 0.032551, 0.033518, 0.036084, 0.037662, 0.038617, 0.039414, 0.041289, 0.042633, 0.044514, 0.046696, 0.048699, 0.049991, 0.051012, 0.05275, 0.055094, 0.05597, 0.057516, 0.059749, 0.060803, 0.061969, 0.063703, 0.064775, 0.067477, 0.069499, 0.072108, 0.073126, 0.074149, 0.076788, 0.077953, 0.079035, 0.080028, 0.081104, 0.082287, 0.083438, 0.085124, 0.088097, 0.090385, 0.09339, 0.09544, 0.098675, 0.102102, 0.104945, 0.106345, 0.108865, 0.109885, 0.113327, 0.117212, 0.120631, 0.125149, 0.127763, 0.130497, 0.137203, 0.141326, 0.145334, 0.152118, 0.157964, 0.166084, 0.171293, 0.178592, 0.189535, 0.19428, 0.204968, 0.219804, 0.247673, 0.273516, 0.295671 ] }, "history": [ { "end": "2012-03-31", "value": 0.14361439734023318, "ref_year": 2014, "fallback_year_used": true, "z": 1.271917868746058, "percentile_empirical": 81.26921303596798, "r_squared": 0.7494048896445684 }, { "end": "2012-06-30", "value": 0.14076679135762463, "ref_year": 2014, "fallback_year_used": true, "z": 1.2222241841843449, "percentile_empirical": 80.70319501583529, "r_squared": 0.7911093516431077 }, { "end": "2012-09-30", "value": 0.13435366950725985, "ref_year": 2014, "fallback_year_used": true, "z": 1.1103085412779061, "percentile_empirical": 78.29466204771464, "r_squared": 0.8135120346030554 }, { "end": "2012-12-31", "value": 0.1284843424167983, "ref_year": 2014, "fallback_year_used": true, "z": 1.0078826822214746, "percentile_empirical": 76.72034420943545, "r_squared": 0.8318936693275369 }, { "end": "2013-03-31", "value": 0.12214321967840623, "ref_year": 2014, "fallback_year_used": true, "z": 0.8972234986640285, "percentile_empirical": 74.7182071160212, "r_squared": 0.8427259784620826 }, { "end": "2013-06-30", "value": 0.11511387810083466, "ref_year": 2014, "fallback_year_used": true, "z": 0.774554180940378, "percentile_empirical": 72.92509960485165, "r_squared": 0.8448115698556609 }, { "end": "2013-09-30", "value": 0.10769029888565552, "ref_year": 2014, "fallback_year_used": true, "z": 0.6450050066195451, "percentile_empirical": 70.64307488685677, "r_squared": 0.8388564535502059 }, { "end": "2013-12-31", "value": 0.10001998894457345, "ref_year": 2014, "fallback_year_used": true, "z": 0.5111501246482908, "percentile_empirical": 68.13553467722875, "r_squared": 0.8245210148303946 }, { "end": "2014-03-31", "value": 0.0923117323780556, "ref_year": 2014, "fallback_year_used": false, "z": 0.37663303461661535, "percentile_empirical": 63.80343256170994, "r_squared": 0.8019463100863009 }, { "end": "2014-06-30", "value": 0.08476362840469853, "ref_year": 2014, "fallback_year_used": false, "z": 0.2449107738186467, "percentile_empirical": 59.48309584364091, "r_squared": 0.7722563400890626 }, { "end": "2014-09-30", "value": 0.07950479831427142, "ref_year": 2014, "fallback_year_used": false, "z": 0.15313872204133644, "percentile_empirical": 56.94485784377502, "r_squared": 0.71719536363889 }, { "end": "2014-12-31", "value": 0.06676487961440633, "ref_year": 2014, "fallback_year_used": false, "z": -0.06918610276922961, "percentile_empirical": 48.33325339602014, "r_squared": 0.5856311887827625 }, { "end": "2015-03-31", "value": 0.0507015080622951, "ref_year": 2015, "fallback_year_used": false, "z": -0.07720984174935618, "percentile_empirical": 46.69956076990634, "r_squared": 0.405483161397949 }, { "end": "2015-06-30", "value": 0.031539446844279055, "ref_year": 2015, "fallback_year_used": false, "z": -0.4170030141855002, "percentile_empirical": 34.82150136057984, "r_squared": 0.18808323512993036 }, { "end": "2015-09-30", "value": 0.0103670294072066, "ref_year": 2015, "fallback_year_used": false, "z": -0.7924450299077546, "percentile_empirical": 22.231702579014257, "r_squared": 0.02545957087557566 }, { "end": "2015-12-31", "value": -0.01273074305592232, "ref_year": 2015, "fallback_year_used": false, "z": -1.2020285967359259, "percentile_empirical": 13.626668041141103, "r_squared": 0.04305198077367664 }, { "end": "2016-03-31", "value": -0.03462820591741125, "ref_year": 2016, "fallback_year_used": false, "z": -1.3174613289103372, "percentile_empirical": 12.377670686333527, "r_squared": 0.2867966008258048 }, { "end": "2016-06-30", "value": -0.054180776894803724, "ref_year": 2016, "fallback_year_used": false, "z": -1.6485688598959063, "percentile_empirical": 8.561925003682923, "r_squared": 0.5682258147961383 }, { "end": "2016-09-30", "value": -0.06911490614581245, "ref_year": 2016, "fallback_year_used": false, "z": -1.9014666844039088, "percentile_empirical": 6.596697974917945, "r_squared": 0.7343368702943528 }, { "end": "2016-12-31", "value": -0.07977132831757308, "ref_year": 2016, "fallback_year_used": false, "z": -2.0819248777796675, "percentile_empirical": 6.078515520662627, "r_squared": 0.8203051416116485 }, { "end": "2017-03-31", "value": -0.08718990668107779, "ref_year": 2017, "fallback_year_used": false, "z": -1.9990236264160735, "percentile_empirical": 6.113213650086804, "r_squared": 0.8694258032157787 }, { "end": "2017-06-30", "value": -0.0929434271713996, "ref_year": 2017, "fallback_year_used": false, "z": -2.0850416591706162, "percentile_empirical": 5.4030331680122865, "r_squared": 0.8997359244819036 }, { "end": "2017-09-30", "value": -0.09793670839017403, "ref_year": 2017, "fallback_year_used": false, "z": -2.159693731436923, "percentile_empirical": 4.870107775923323, "r_squared": 0.9221631889276447 }, { "end": "2017-12-31", "value": -0.10155809899844075, "ref_year": 2017, "fallback_year_used": false, "z": -2.2138353472498626, "percentile_empirical": 4.570249317012441, "r_squared": 0.9342723903569524 }, { "end": "2018-03-31", "value": -0.1018071633077096, "ref_year": 2018, "fallback_year_used": false, "z": -2.415573429165465, "percentile_empirical": 3.7273066789799953, "r_squared": 0.9246828114726855 }, { "end": "2018-06-30", "value": -0.09794930064880694, "ref_year": 2018, "fallback_year_used": false, "z": -2.3559058851526093, "percentile_empirical": 4.0766207230307785, "r_squared": 0.8887681530608814 }, { "end": "2018-09-30", "value": -0.09126363426798548, "ref_year": 2018, "fallback_year_used": false, "z": -2.252502179965653, "percentile_empirical": 4.413922896524621, "r_squared": 0.8335516372177565 }, { "end": "2018-12-31", "value": -0.08276824973988565, "ref_year": 2018, "fallback_year_used": false, "z": -2.1211085107102736, "percentile_empirical": 4.842528139857441, "r_squared": 0.7686025148873137 }, { "end": "2019-03-31", "value": -0.0727991138916193, "ref_year": 2019, "fallback_year_used": false, "z": -2.3885319271577883, "percentile_empirical": 3.0829765367705018, "r_squared": 0.6962517412534536 }, { "end": "2019-06-30", "value": -0.06196019389607326, "ref_year": 2019, "fallback_year_used": false, "z": -2.196028289167605, "percentile_empirical": 4.499612767207413, "r_squared": 0.6236728015251187 }, { "end": "2019-09-30", "value": -0.04883754072758047, "ref_year": 2019, "fallback_year_used": false, "z": -1.962964618981248, "percentile_empirical": 5.614108361033557, "r_squared": 0.5334594139833457 }, { "end": "2019-12-31", "value": -0.03585792229624751, "ref_year": 2019, "fallback_year_used": false, "z": -1.7324413040400213, "percentile_empirical": 6.679944107623653, "r_squared": 0.42377293044934095 }, { "end": "2020-03-31", "value": -0.024003021461914784, "ref_year": 2020, "fallback_year_used": false, "z": -1.4237132630598182, "percentile_empirical": 9.344811290030687, "r_squared": 0.3042841446351755 }, { "end": "2020-06-30", "value": -0.013300224759083365, "ref_year": 2020, "fallback_year_used": false, "z": -1.2346688132080594, "percentile_empirical": 10.809227242295817, "r_squared": 0.16921508376678795 }, { "end": "2020-09-30", "value": -0.006408460130420157, "ref_year": 2020, "fallback_year_used": false, "z": -1.112938961758225, "percentile_empirical": 12.482847908528601, "r_squared": 0.06798443904359364 }, { "end": "2020-12-31", "value": 0.0014450845744424928, "ref_year": 2020, "fallback_year_used": false, "z": -0.9742211033012683, "percentile_empirical": 15.522928501972073, "r_squared": 0.0086185305850937 }, { "end": "2021-03-31", "value": 0.00916846535015877, "ref_year": 2021, "fallback_year_used": false, "z": -0.8685961875131305, "percentile_empirical": 19.985626868805273, "r_squared": 0.31276919034052947 }, { "end": "2021-06-30", "value": 0.019320167392250193, "ref_year": 2021, "fallback_year_used": false, "z": -0.6877608982055421, "percentile_empirical": 24.730025700786438, "r_squared": 0.41758763379901387 }, { "end": "2021-09-30", "value": 0.031154075958038437, "ref_year": 2021, "fallback_year_used": false, "z": -0.4769599635188308, "percentile_empirical": 33.285684096587744, "r_squared": 0.46542965865497327 }, { "end": "2021-12-31", "value": 0.04455409029560357, "ref_year": 2021, "fallback_year_used": false, "z": -0.23826152069493126, "percentile_empirical": 43.65930808903468, "r_squared": 0.5141186038298972 }, { "end": "2022-03-31", "value": 0.0592523558082342, "ref_year": 2022, "fallback_year_used": false, "z": -0.16818523534570776, "percentile_empirical": 44.82165492750217, "r_squared": 0.5706967305795712 }, { "end": "2022-06-30", "value": 0.07491509352229847, "ref_year": 2022, "fallback_year_used": false, "z": 0.10644176765616555, "percentile_empirical": 55.14572375511098, "r_squared": 0.6349458674101164 }, { "end": "2022-09-30", "value": 0.08994503221663962, "ref_year": 2022, "fallback_year_used": false, "z": 0.369973411630668, "percentile_empirical": 63.20015990256738, "r_squared": 0.6895905733930168 }, { "end": "2022-12-31", "value": 0.052072655070413185, "ref_year": 2022, "fallback_year_used": false, "z": -0.294072531173155, "percentile_empirical": 40.47806199201904, "r_squared": 0.1375759069796048 }, { "end": "2023-03-31", "value": 0.015014866043880406, "ref_year": 2023, "fallback_year_used": false, "z": -1.1578266853048864, "percentile_empirical": 14.51840652793982, "r_squared": 0.008127466942103515 }, { "end": "2023-06-30", "value": -0.02244475433995933, "ref_year": 2023, "fallback_year_used": false, "z": -1.8773052903120242, "percentile_empirical": 6.721230846327092, "r_squared": 0.013621232449256018 }, { "end": "2023-09-30", "value": -0.05980522672924518, "ref_year": 2023, "fallback_year_used": false, "z": -2.5948795818189203, "percentile_empirical": 3.4404110575333857, "r_squared": 0.0742610761341437 }, { "end": "2023-12-31", "value": -0.03365053171188298, "ref_year": 2023, "fallback_year_used": false, "z": -2.0925321663176955, "percentile_empirical": 5.409460113425149, "r_squared": 0.022473958204834405 }, { "end": "2024-03-31", "value": -0.012776965249728394, "ref_year": 2024, "fallback_year_used": false, "z": -1.7831584020038052, "percentile_empirical": 7.266656453980276, "r_squared": 0.0031647191271940004 }, { "end": "2024-06-30", "value": 0.002739080988367229, "ref_year": 2024, "fallback_year_used": false, "z": -1.4707822712628278, "percentile_empirical": 9.251152909429068, "r_squared": 0.00014443447806323885 }, { "end": "2024-09-30", "value": 0.013916499133467285, "ref_year": 2024, "fallback_year_used": false, "z": -1.245753383216095, "percentile_empirical": 12.319894985503415, "r_squared": 0.0037436606523934286 }, { "end": "2024-12-31", "value": 0.02267092356503309, "ref_year": 2024, "fallback_year_used": false, "z": -1.0695053114565172, "percentile_empirical": 15.825518617779023, "r_squared": 0.010025171992556061 }, { "end": "2025-03-31", "value": 0.02872247322106898, "ref_year": 2025, "fallback_year_used": false, "z": -0.6643164700825834, "percentile_empirical": 26.69200071157866, "r_squared": 0.01630254190517468 }, { "end": "2025-06-30", "value": 0.0321910982904755, "ref_year": 2025, "fallback_year_used": false, "z": -0.6008823862398566, "percentile_empirical": 30.201629837308538, "r_squared": 0.020829261208638317 }, { "end": "2025-09-30", "value": 0.03454208266335854, "ref_year": 2025, "fallback_year_used": false, "z": -0.5578876731076239, "percentile_empirical": 31.89410398078784, "r_squared": 0.024452123695869535 }, { "end": "2025-12-31", "value": 0.0321877542294635, "ref_year": 2025, "fallback_year_used": false, "z": -0.600943542300937, "percentile_empirical": 30.198420565703938, "r_squared": 0.021815720739030067 }, { "end": "2026-03-31", "value": 0.030177729757771627, "ref_year": 2026, "fallback_year_used": false, "z": -0.5182571131267292, "percentile_empirical": 33.19631891560164, "r_squared": 0.019646004745587364 }, { "end": "2026-06-30", "value": 0.03118125550829713, "ref_year": 2026, "fallback_year_used": false, "z": -0.5001008480534339, "percentile_empirical": 33.53615154361569, "r_squared": 0.021301909357582985 } ] }, { "id": "operating_income_ttm_5yr_trend", "label": "Operating Income (5y trend)", "is_ratio": true, "latest": { "end": "2026-06-30", "value": -0.1836659685932436 }, "latest_score": { "z": -2.075884430429618, "percentile_empirical": 8.377346846889965, "ref_year": 2026, "fallback_year_used": false, "r_squared": 0.4183271175121597 }, "latest_fit": { "year": 2026, "t_df": 2.219920049339155, "t_loc": 0.06345584436981708, "t_scale": 0.11904410926764222, "n_observations": 479, "universe": "sp500", "percentiles_empirical": [ -0.690141, -0.527562, -0.45962, -0.420599, -0.36304, -0.312487, -0.25912, -0.223572, -0.195489, -0.164157, -0.150184, -0.139716, -0.125732, -0.118645, -0.10917, -0.104373, -0.092677, -0.079184, -0.074342, -0.069952, -0.062049, -0.057853, -0.048526, -0.044051, -0.03345, -0.028173, -0.02608, -0.022152, -0.019765, -0.012618, -0.009364, -0.004609, 0.000709, 0.006526, 0.008647, 0.012961, 0.015681, 0.022575, 0.027535, 0.030784, 0.033386, 0.03686, 0.040733, 0.044682, 0.04697, 0.049064, 0.051914, 0.056262, 0.058645, 0.063212, 0.066476, 0.072209, 0.074604, 0.079028, 0.083164, 0.085078, 0.088747, 0.090394, 0.093608, 0.096746, 0.099764, 0.10307, 0.103902, 0.106147, 0.108153, 0.11072, 0.117511, 0.119462, 0.121916, 0.125396, 0.128981, 0.133186, 0.13755, 0.140963, 0.146808, 0.152863, 0.154308, 0.157246, 0.161822, 0.165556, 0.174737, 0.182815, 0.186439, 0.192842, 0.199417, 0.204706, 0.219554, 0.245997, 0.261539, 0.273474, 0.296276, 0.339811, 0.361755, 0.37881, 0.388648, 0.453549, 0.479015, 0.545008, 0.600123, 0.688239 ] }, "history": [ { "end": "2012-03-31", "value": 0.27012012102275607, "ref_year": 2014, "fallback_year_used": true, "z": 1.6398105068993305, "percentile_empirical": 86.81696350372914, "r_squared": 0.5676954228613142 }, { "end": "2012-06-30", "value": 0.19447948884666313, "ref_year": 2014, "fallback_year_used": true, "z": 0.922956983050969, "percentile_empirical": 75.89968020297269, "r_squared": 0.3591326245026781 }, { "end": "2012-09-30", "value": 0.12178640419522156, "ref_year": 2014, "fallback_year_used": true, "z": 0.23403764971595237, "percentile_empirical": 58.23813916826807, "r_squared": 0.15585188239733494 }, { "end": "2012-12-31", "value": 0.09752588172694833, "ref_year": 2014, "fallback_year_used": true, "z": 0.00411835209166948, "percentile_empirical": 50.13996080053783, "r_squared": 0.12282883803967058 }, { "end": "2013-03-31", "value": 0.0711558238804762, "ref_year": 2014, "fallback_year_used": true, "z": -0.24579321458219208, "percentile_empirical": 41.43423910338555, "r_squared": 0.07764876464837986 }, { "end": "2013-06-30", "value": 0.04774817265947791, "ref_year": 2014, "fallback_year_used": true, "z": -0.46762976961946595, "percentile_empirical": 35.786481013072155, "r_squared": 0.04054707886216514 }, { "end": "2013-09-30", "value": 0.044533601049969514, "ref_year": 2014, "fallback_year_used": true, "z": -0.4980945729883003, "percentile_empirical": 34.66464284856952, "r_squared": 0.042071709454466866 }, { "end": "2013-12-31", "value": 0.039087257944848935, "ref_year": 2014, "fallback_year_used": true, "z": -0.5497100888119093, "percentile_empirical": 33.13319384620736, "r_squared": 0.03821138880601655 }, { "end": "2014-03-31", "value": 0.03432640253738706, "ref_year": 2014, "fallback_year_used": false, "z": -0.5948291719976027, "percentile_empirical": 30.637883596934266, "r_squared": 0.03441953613983131 }, { "end": "2014-06-30", "value": 0.04085232765883946, "ref_year": 2014, "fallback_year_used": false, "z": -0.5329823538907297, "percentile_empirical": 33.53765528387705, "r_squared": 0.05577038400714321 }, { "end": "2014-09-30", "value": 0.04982862976727218, "ref_year": 2014, "fallback_year_used": false, "z": -0.44791307812664866, "percentile_empirical": 36.65019464097472, "r_squared": 0.08156442490164988 }, { "end": "2014-12-31", "value": 0.049050810077082695, "ref_year": 2014, "fallback_year_used": false, "z": -0.45528454991092604, "percentile_empirical": 36.297921230562814, "r_squared": 0.08499484923217283 }, { "end": "2015-03-31", "value": 0.05038994655093416, "ref_year": 2015, "fallback_year_used": false, "z": -0.1575518009457112, "percentile_empirical": 44.75404993650213, "r_squared": 0.09381861458229225 }, { "end": "2015-06-30", "value": 0.05251188767320931, "ref_year": 2015, "fallback_year_used": false, "z": -0.13644578941692365, "percentile_empirical": 45.32614381294285, "r_squared": 0.10483159360971482 }, { "end": "2015-09-30", "value": 0.046621998575428536, "ref_year": 2015, "fallback_year_used": false, "z": -0.19502991594902716, "percentile_empirical": 43.35388797764774, "r_squared": 0.08670007074511163 }, { "end": "2015-12-31", "value": 0.03243213336115585, "ref_year": 2015, "fallback_year_used": false, "z": -0.3361702405605157, "percentile_empirical": 38.99813566111661, "r_squared": 0.04420856701768735 }, { "end": "2016-03-31", "value": 0.020009930644405705, "ref_year": 2016, "fallback_year_used": false, "z": -0.4151465670821191, "percentile_empirical": 35.58385597361917, "r_squared": 0.015987165042516946 }, { "end": "2016-06-30", "value": 0.01493556809621891, "ref_year": 2016, "fallback_year_used": false, "z": -0.4667810469629522, "percentile_empirical": 33.91005397305263, "r_squared": 0.00832050244400077 }, { "end": "2016-09-30", "value": 0.02235896028007103, "ref_year": 2016, "fallback_year_used": false, "z": -0.3912438754020415, "percentile_empirical": 36.62096089910579, "r_squared": 0.018679965723106536 }, { "end": "2016-12-31", "value": 0.036335690352108055, "ref_year": 2016, "fallback_year_used": false, "z": -0.2490228218507326, "percentile_empirical": 41.15897045820928, "r_squared": 0.05239990213460217 }, { "end": "2017-03-31", "value": 0.03412213790040637, "ref_year": 2017, "fallback_year_used": false, "z": -0.32041107297842797, "percentile_empirical": 38.39329492499007, "r_squared": 0.04521764231687533 }, { "end": "2017-06-30", "value": 0.026215218897255418, "ref_year": 2017, "fallback_year_used": false, "z": -0.40861432767855627, "percentile_empirical": 36.043166228259516, "r_squared": 0.026266858872141762 }, { "end": "2017-09-30", "value": 0.0034376543743667573, "ref_year": 2017, "fallback_year_used": false, "z": -0.6627025919266579, "percentile_empirical": 26.827105501039977, "r_squared": 0.00044556477249378765 }, { "end": "2017-12-31", "value": -0.030643938281626024, "ref_year": 2017, "fallback_year_used": false, "z": -1.0428895391338575, "percentile_empirical": 20.332917866521868, "r_squared": 0.03750424816561173 }, { "end": "2018-03-31", "value": -0.050325237255865955, "ref_year": 2018, "fallback_year_used": false, "z": -1.2326261647265682, "percentile_empirical": 17.884330322381263, "r_squared": 0.0949251902604515 }, { "end": "2018-06-30", "value": -0.06742913024295198, "ref_year": 2018, "fallback_year_used": false, "z": -1.4208180338804066, "percentile_empirical": 15.666532955595043, "r_squared": 0.17296051785062408 }, { "end": "2018-09-30", "value": -0.07677767678207863, "ref_year": 2018, "fallback_year_used": false, "z": -1.52367885325049, "percentile_empirical": 14.326215722156187, "r_squared": 0.2400545705895372 }, { "end": "2018-12-31", "value": -0.08318782628107246, "ref_year": 2018, "fallback_year_used": false, "z": -1.5942088791739455, "percentile_empirical": 13.21923393627861, "r_squared": 0.2808246910730325 }, { "end": "2019-03-31", "value": -0.09519971889118195, "ref_year": 2019, "fallback_year_used": false, "z": -2.054005125206006, "percentile_empirical": 9.560340953923161, "r_squared": 0.36264062349674553 }, { "end": "2019-06-30", "value": -0.11714150550742707, "ref_year": 2019, "fallback_year_used": false, "z": -2.3262590624131954, "percentile_empirical": 8.735079816694777, "r_squared": 0.5028305653317446 }, { "end": "2019-09-30", "value": -0.13202888671656635, "ref_year": 2019, "fallback_year_used": false, "z": -2.5109818573150315, "percentile_empirical": 7.93641359511913, "r_squared": 0.5659134029030867 }, { "end": "2019-12-31", "value": -0.1319677489758534, "ref_year": 2019, "fallback_year_used": false, "z": -2.5102232595348153, "percentile_empirical": 7.947817762385116, "r_squared": 0.5493377236556876 }, { "end": "2020-03-31", "value": -0.11768962617845385, "ref_year": 2020, "fallback_year_used": false, "z": -1.791419269268856, "percentile_empirical": 14.096042774705642, "r_squared": 0.48353280354944633 }, { "end": "2020-06-30", "value": -0.08147472730535521, "ref_year": 2020, "fallback_year_used": false, "z": -1.4102392037607168, "percentile_empirical": 17.213408210608733, "r_squared": 0.3565526193541123 }, { "end": "2020-09-30", "value": -0.053133810357843723, "ref_year": 2020, "fallback_year_used": false, "z": -1.1119367670628224, "percentile_empirical": 19.84495248577154, "r_squared": 0.2925044803145304 }, { "end": "2020-12-31", "value": -0.03064204170827863, "ref_year": 2020, "fallback_year_used": false, "z": -0.8751995645849859, "percentile_empirical": 22.98124641332938, "r_squared": 0.14233349655865457 }, { "end": "2021-03-31", "value": -0.0016832872264306968, "ref_year": 2021, "fallback_year_used": false, "z": -0.6536631874626433, "percentile_empirical": 27.697325045226577, "r_squared": 0.00041245797793009186 }, { "end": "2021-06-30", "value": 0.022436158564666183, "ref_year": 2021, "fallback_year_used": false, "z": -0.4363178441390734, "percentile_empirical": 35.59668841781568, "r_squared": 0.049813878493219825 }, { "end": "2021-09-30", "value": 0.051876032054638706, "ref_year": 2021, "fallback_year_used": false, "z": -0.17102902007154694, "percentile_empirical": 44.400407926734665, "r_squared": 0.15727564268818092 }, { "end": "2021-12-31", "value": 0.08580815677734709, "ref_year": 2021, "fallback_year_used": false, "z": 0.1347404143272131, "percentile_empirical": 54.890197789445764, "r_squared": 0.2869206009873999 }, { "end": "2022-03-31", "value": 0.12169767130905107, "ref_year": 2022, "fallback_year_used": false, "z": 0.25038667189506036, "percentile_empirical": 59.190769368689594, "r_squared": 0.3946479768445441 }, { "end": "2022-06-30", "value": 0.16851280816224679, "ref_year": 2022, "fallback_year_used": false, "z": 0.6720637536650999, "percentile_empirical": 72.03566095638094, "r_squared": 0.5022123138368093 }, { "end": "2022-09-30", "value": 0.21472096745556474, "ref_year": 2022, "fallback_year_used": false, "z": 1.0882736181342103, "percentile_empirical": 79.7910040483091, "r_squared": 0.5904480838786793 }, { "end": "2022-12-31", "value": 0.24524950068515927, "ref_year": 2022, "fallback_year_used": false, "z": 1.3632526883298866, "percentile_empirical": 83.96400413307337, "r_squared": 0.6535272092515952 }, { "end": "2023-03-31", "value": 0.26466877938587935, "ref_year": 2023, "fallback_year_used": false, "z": 1.5364583894553352, "percentile_empirical": 83.69504250626865, "r_squared": 0.7063280388616303 }, { "end": "2023-06-30", "value": 0.2698568985645211, "ref_year": 2023, "fallback_year_used": false, "z": 1.5849327001012796, "percentile_empirical": 84.88816832880028, "r_squared": 0.7480117489517005 }, { "end": "2023-09-30", "value": 0.27239927537757264, "ref_year": 2023, "fallback_year_used": false, "z": 1.6086869661794867, "percentile_empirical": 85.16525726602836, "r_squared": 0.7884420228381088 }, { "end": "2023-12-31", "value": 0.2730121851889854, "ref_year": 2023, "fallback_year_used": false, "z": 1.6144135849354089, "percentile_empirical": 85.21399373322085, "r_squared": 0.8226111389864138 }, { "end": "2024-03-31", "value": 0.25887034465061837, "ref_year": 2024, "fallback_year_used": false, "z": 1.4546937838633973, "percentile_empirical": 83.91450856787635, "r_squared": 0.7930595611745712 }, { "end": "2024-06-30", "value": 0.23291652860868967, "ref_year": 2024, "fallback_year_used": false, "z": 1.2165890708612264, "percentile_empirical": 80.28338652378874, "r_squared": 0.696091038405487 }, { "end": "2024-09-30", "value": 0.18616565325391465, "ref_year": 2024, "fallback_year_used": false, "z": 0.7876886062449349, "percentile_empirical": 73.50790304314049, "r_squared": 0.4806537071825146 }, { "end": "2024-12-31", "value": 0.1357760698156017, "ref_year": 2024, "fallback_year_used": false, "z": 0.32540601614351966, "percentile_empirical": 62.09237151074346, "r_squared": 0.2809342746948697 }, { "end": "2025-03-31", "value": 0.0810867778573216, "ref_year": 2025, "fallback_year_used": false, "z": 0.025217098305045878, "percentile_empirical": 50.98764385766587, "r_squared": 0.10191953007765134 }, { "end": "2025-06-30", "value": 0.02260537660457114, "ref_year": 2025, "fallback_year_used": false, "z": -0.4676338510018179, "percentile_empirical": 33.25877559119462, "r_squared": 0.007672259862360499 }, { "end": "2025-09-30", "value": -0.030612441334783552, "ref_year": 2025, "fallback_year_used": false, "z": -0.9161260473172618, "percentile_empirical": 21.870969059643134, "r_squared": 0.013290481786522272 }, { "end": "2025-12-31", "value": -0.09199265077815177, "ref_year": 2025, "fallback_year_used": false, "z": -1.4334066501207965, "percentile_empirical": 12.857474553455857, "r_squared": 0.11455737485779297 }, { "end": "2026-03-31", "value": -0.14879828553631627, "ref_year": 2026, "fallback_year_used": false, "z": -1.782987257512513, "percentile_empirical": 10.132376238410751, "r_squared": 0.27990361555393267 }, { "end": "2026-06-30", "value": -0.1836659685932436, "ref_year": 2026, "fallback_year_used": false, "z": -2.075884430429618, "percentile_empirical": 8.377346846889965, "r_squared": 0.4183271175121597 } ] }, { "id": "net_income_ttm_5yr_trend", "label": "Net Income (5y trend)", "is_ratio": true, "latest": { "end": "2026-06-30", "value": -0.18880912345759426 }, "latest_score": { "z": -1.6817452799139703, "percentile_empirical": 10.996022091578276, "ref_year": 2026, "fallback_year_used": false, "r_squared": 0.437659843397755 }, "latest_fit": { "year": 2026, "t_df": 2.7183332531677804, "t_loc": 0.05743368190069034, "t_scale": 0.14642098794585656, "n_observations": 483, "universe": "sp500", "percentiles_empirical": [ -0.703849, -0.594198, -0.48157, -0.44285, -0.393156, -0.347262, -0.317416, -0.271388, -0.262758, -0.232046, -0.206868, -0.188737, -0.16527, -0.15525, -0.147548, -0.136223, -0.127895, -0.120122, -0.11187, -0.099264, -0.082633, -0.072646, -0.065664, -0.062288, -0.052389, -0.047295, -0.042861, -0.037602, -0.031642, -0.02805, -0.023749, -0.019259, -0.01584, -0.009601, -0.003454, 0.003742, 0.008841, 0.012812, 0.015378, 0.018522, 0.02455, 0.029557, 0.033083, 0.038218, 0.041236, 0.044444, 0.046299, 0.050567, 0.052808, 0.05456, 0.058219, 0.060454, 0.063874, 0.067416, 0.070662, 0.074125, 0.079214, 0.081379, 0.085797, 0.091601, 0.095028, 0.099869, 0.103301, 0.108362, 0.111523, 0.113221, 0.116192, 0.119121, 0.124473, 0.126496, 0.129896, 0.135451, 0.143676, 0.149368, 0.156164, 0.159139, 0.165267, 0.171212, 0.176661, 0.180451, 0.193846, 0.201008, 0.206942, 0.216494, 0.225792, 0.239846, 0.247514, 0.269723, 0.29667, 0.310915, 0.327295, 0.355314, 0.371769, 0.389614, 0.440817, 0.46498, 0.487306, 0.547972, 0.58476, 0.71141 ] }, "history": [ { "end": "2012-03-31", "value": 0.07935924121742526, "ref_year": 2014, "fallback_year_used": true, "z": -0.22569839596375446, "percentile_empirical": 42.36834231896435, "r_squared": 0.11025528865840323 }, { "end": "2012-06-30", "value": 0.026670216404673076, "ref_year": 2014, "fallback_year_used": true, "z": -0.6403379260158254, "percentile_empirical": 28.51315887120815, "r_squared": 0.013358816354215325 }, { "end": "2012-09-30", "value": -0.028429140666973256, "ref_year": 2014, "fallback_year_used": true, "z": -1.0739457144224394, "percentile_empirical": 16.60472375565456, "r_squared": 0.013934769922984702 }, { "end": "2012-12-31", "value": -0.03755360397367583, "ref_year": 2014, "fallback_year_used": true, "z": -1.1457512411125603, "percentile_empirical": 14.930456803376533, "r_squared": 0.02873778816312234 }, { "end": "2013-03-31", "value": -0.050549240938534926, "ref_year": 2014, "fallback_year_used": true, "z": -1.2480212076375874, "percentile_empirical": 13.53999991501857, "r_squared": 0.05857763555989588 }, { "end": "2013-06-30", "value": -0.062072518096262866, "ref_year": 2014, "fallback_year_used": true, "z": -1.3387043478611975, "percentile_empirical": 12.178922153852776, "r_squared": 0.09712851253084359 }, { "end": "2013-09-30", "value": -0.05531514654016252, "ref_year": 2014, "fallback_year_used": true, "z": -1.2855267956790104, "percentile_empirical": 13.108461921390573, "r_squared": 0.09102897247508301 }, { "end": "2013-12-31", "value": -0.05544696958135487, "ref_year": 2014, "fallback_year_used": true, "z": -1.2865641852310905, "percentile_empirical": 13.096525753227557, "r_squared": 0.10460267322041 }, { "end": "2014-03-31", "value": -0.05490321071467592, "ref_year": 2014, "fallback_year_used": false, "z": -1.2822850412966056, "percentile_empirical": 13.145761434745028, "r_squared": 0.11655689609748986 }, { "end": "2014-06-30", "value": -0.042774312743521024, "ref_year": 2014, "fallback_year_used": false, "z": -1.186835930733603, "percentile_empirical": 14.316761168035615, "r_squared": 0.08203024751167719 }, { "end": "2014-09-30", "value": -0.023180236671632062, "ref_year": 2014, "fallback_year_used": false, "z": -1.03263914073558, "percentile_empirical": 17.802245239012056, "r_squared": 0.02324711082120123 }, { "end": "2014-12-31", "value": -0.013562536708916623, "ref_year": 2014, "fallback_year_used": false, "z": -0.9569520577634736, "percentile_empirical": 18.748804378725467, "r_squared": 0.00768234991793275 }, { "end": "2015-03-31", "value": -0.0013409544514683114, "ref_year": 2015, "fallback_year_used": false, "z": -0.7055123810208956, "percentile_empirical": 27.37992372143648, "r_squared": 6.982818176709826e-05 }, { "end": "2015-06-30", "value": 0.015567150357894662, "ref_year": 2015, "fallback_year_used": false, "z": -0.5458798826401409, "percentile_empirical": 31.080097564383877, "r_squared": 0.008773611507902174 }, { "end": "2015-09-30", "value": 0.02805255077883172, "ref_year": 2015, "fallback_year_used": false, "z": -0.42800294226450325, "percentile_empirical": 35.51675991594522, "r_squared": 0.02860981129719126 }, { "end": "2015-12-31", "value": 0.03612307372606198, "ref_year": 2015, "fallback_year_used": false, "z": -0.3518076645659545, "percentile_empirical": 37.29433489107026, "r_squared": 0.04741211124986087 }, { "end": "2016-03-31", "value": 0.04193684593334621, "ref_year": 2016, "fallback_year_used": false, "z": -0.24176780183415295, "percentile_empirical": 41.20774681914283, "r_squared": 0.06364336274354968 }, { "end": "2016-06-30", "value": 0.05163206690978098, "ref_year": 2016, "fallback_year_used": false, "z": -0.15462452132659055, "percentile_empirical": 44.28871108916279, "r_squared": 0.09743191347745886 }, { "end": "2016-09-30", "value": 0.06393912222285111, "ref_year": 2016, "fallback_year_used": false, "z": -0.04400536411751574, "percentile_empirical": 47.800879334479355, "r_squared": 0.15223214110812142 }, { "end": "2016-12-31", "value": 0.07350248447569006, "ref_year": 2016, "fallback_year_used": false, "z": 0.041952734353906555, "percentile_empirical": 51.2140450400047, "r_squared": 0.20296734270943187 }, { "end": "2017-03-31", "value": 0.06450079586734477, "ref_year": 2017, "fallback_year_used": false, "z": -0.045371407440688634, "percentile_empirical": 49.919866842617715, "r_squared": 0.15383274646716022 }, { "end": "2017-06-30", "value": 0.048784274874584234, "ref_year": 2017, "fallback_year_used": false, "z": -0.18989903978184014, "percentile_empirical": 43.8794782366492, "r_squared": 0.08905334626706951 }, { "end": "2017-09-30", "value": 0.02454601764641306, "ref_year": 2017, "fallback_year_used": false, "z": -0.41279174809031416, "percentile_empirical": 33.139933957470404, "r_squared": 0.02259492484318779 }, { "end": "2017-12-31", "value": 0.0021786134407178644, "ref_year": 2017, "fallback_year_used": false, "z": -0.6184802699302122, "percentile_empirical": 27.841797296254807, "r_squared": 0.0002131116821883688 }, { "end": "2018-03-31", "value": -0.004761611812145968, "ref_year": 2018, "fallback_year_used": false, "z": -0.6771782028848831, "percentile_empirical": 27.084100170206973, "r_squared": 0.0010562970345051198 }, { "end": "2018-06-30", "value": -0.00771978175897764, "ref_year": 2018, "fallback_year_used": false, "z": -0.6991480271149146, "percentile_empirical": 26.56739329462518, "r_squared": 0.0029597434652345266 }, { "end": "2018-09-30", "value": -0.004131689969102233, "ref_year": 2018, "fallback_year_used": false, "z": -0.6724998806724791, "percentile_empirical": 27.144069881083183, "r_squared": 0.0008645292005518752 }, { "end": "2018-12-31", "value": -0.008577596698935399, "ref_year": 2018, "fallback_year_used": false, "z": -0.705518872533364, "percentile_empirical": 26.388532798387114, "r_squared": 0.00386203554715008 }, { "end": "2019-03-31", "value": -0.02317993936689875, "ref_year": 2019, "fallback_year_used": false, "z": -1.1602965605136353, "percentile_empirical": 17.789550909575134, "r_squared": 0.030291836018044294 }, { "end": "2019-06-30", "value": -0.04877878922422434, "ref_year": 2019, "fallback_year_used": false, "z": -1.389369483199475, "percentile_empirical": 14.954815619654976, "r_squared": 0.13305538434957068 }, { "end": "2019-09-30", "value": -0.06884672066612312, "ref_year": 2019, "fallback_year_used": false, "z": -1.5689486335627196, "percentile_empirical": 13.000030892930424, "r_squared": 0.23312432084514834 }, { "end": "2019-12-31", "value": -0.07323284124750844, "ref_year": 2019, "fallback_year_used": false, "z": -1.6081981102552407, "percentile_empirical": 12.486254978621478, "r_squared": 0.2510427389685231 }, { "end": "2020-03-31", "value": -0.06019528010674217, "ref_year": 2020, "fallback_year_used": false, "z": -1.2263652158385694, "percentile_empirical": 18.550870451120236, "r_squared": 0.1824159101319103 }, { "end": "2020-06-30", "value": -0.028871115229896122, "ref_year": 2020, "fallback_year_used": false, "z": -0.9654344078616582, "percentile_empirical": 21.39676409320273, "r_squared": 0.05440007043935721 }, { "end": "2020-09-30", "value": -0.005149538931293173, "ref_year": 2020, "fallback_year_used": false, "z": -0.7678332876269843, "percentile_empirical": 24.31338442748273, "r_squared": 0.002266436765494764 }, { "end": "2020-12-31", "value": 0.009799574551964235, "ref_year": 2020, "fallback_year_used": false, "z": -0.6433069267467884, "percentile_empirical": 28.274501612195923, "r_squared": 0.008333062416802527 }, { "end": "2021-03-31", "value": 0.035084966550462025, "ref_year": 2021, "fallback_year_used": false, "z": -0.4948956338597271, "percentile_empirical": 33.34860530389966, "r_squared": 0.09684494762270625 }, { "end": "2021-06-30", "value": 0.05697271153282905, "ref_year": 2021, "fallback_year_used": false, "z": -0.3404924662989001, "percentile_empirical": 38.991593542278395, "r_squared": 0.20254805535804735 }, { "end": "2021-09-30", "value": 0.08065694233103901, "ref_year": 2021, "fallback_year_used": false, "z": -0.1734163120659555, "percentile_empirical": 44.072632453732936, "r_squared": 0.3020586123274639 }, { "end": "2021-12-31", "value": 0.10523010521226756, "ref_year": 2021, "fallback_year_used": false, "z": -6.93460396952622e-05, "percentile_empirical": 50.08640958900699, "r_squared": 0.41082001104149724 }, { "end": "2022-03-31", "value": 0.12403175624687955, "ref_year": 2022, "fallback_year_used": false, "z": 0.06597420808722523, "percentile_empirical": 52.198681770062166, "r_squared": 0.46072539557159864 }, { "end": "2022-06-30", "value": 0.1522257059707818, "ref_year": 2022, "fallback_year_used": false, "z": 0.27699181400628836, "percentile_empirical": 60.99004750953782, "r_squared": 0.5135863025937966 }, { "end": "2022-09-30", "value": 0.18236135781894483, "ref_year": 2022, "fallback_year_used": false, "z": 0.5025420887313153, "percentile_empirical": 67.42878793544847, "r_squared": 0.5576658911547125 }, { "end": "2022-12-31", "value": 0.20247047962263334, "ref_year": 2022, "fallback_year_used": false, "z": 0.6530488031755044, "percentile_empirical": 73.4149523125945, "r_squared": 0.5919853121360071 }, { "end": "2023-03-31", "value": 0.22567853517017955, "ref_year": 2023, "fallback_year_used": false, "z": 1.0247468368256505, "percentile_empirical": 79.67728937802158, "r_squared": 0.6553714677772204 }, { "end": "2023-06-30", "value": 0.23684307430759052, "ref_year": 2023, "fallback_year_used": false, "z": 1.1183695960540578, "percentile_empirical": 80.69620440271797, "r_squared": 0.7107357353198944 }, { "end": "2023-09-30", "value": 0.24643088201305807, "ref_year": 2023, "fallback_year_used": false, "z": 1.1987703184922451, "percentile_empirical": 81.57255602203529, "r_squared": 0.7722147446612875 }, { "end": "2023-12-31", "value": 0.2535005255381894, "ref_year": 2023, "fallback_year_used": false, "z": 1.258054407646106, "percentile_empirical": 82.22834952287903, "r_squared": 0.830142595588474 }, { "end": "2024-03-31", "value": 0.2390780296629703, "ref_year": 2024, "fallback_year_used": false, "z": 1.012570926405259, "percentile_empirical": 79.1809746145686, "r_squared": 0.7885721816688349 }, { "end": "2024-06-30", "value": 0.21232498966178975, "ref_year": 2024, "fallback_year_used": false, "z": 0.8142976198644856, "percentile_empirical": 74.42618576087769, "r_squared": 0.6722344982689064 }, { "end": "2024-09-30", "value": 0.1640008905603531, "ref_year": 2024, "fallback_year_used": false, "z": 0.4561559315171778, "percentile_empirical": 66.40557190929064, "r_squared": 0.4278685205639191 }, { "end": "2024-12-31", "value": 0.11263887233651439, "ref_year": 2024, "fallback_year_used": false, "z": 0.07549948337526269, "percentile_empirical": 52.878910955810206, "r_squared": 0.22112809526076066 }, { "end": "2025-03-31", "value": 0.05771026367717778, "ref_year": 2025, "fallback_year_used": false, "z": -0.10218590129797084, "percentile_empirical": 46.32059117347556, "r_squared": 0.05792266178855741 }, { "end": "2025-06-30", "value": 0.0010465537707151102, "ref_year": 2025, "fallback_year_used": false, "z": -0.4961523672762001, "percentile_empirical": 29.89188977451122, "r_squared": 1.770813208671837e-05 }, { "end": "2025-09-30", "value": -0.04919642949009723, "ref_year": 2025, "fallback_year_used": false, "z": -0.8454773689067056, "percentile_empirical": 22.413328202573126, "r_squared": 0.03600835080673543 }, { "end": "2025-12-31", "value": -0.10519245170074071, "ref_year": 2025, "fallback_year_used": false, "z": -1.2348015945103943, "percentile_empirical": 15.943228487800248, "r_squared": 0.15279768666129973 }, { "end": "2026-03-31", "value": -0.1576820194395192, "ref_year": 2026, "fallback_year_used": false, "z": -1.4691589256299435, "percentile_empirical": 12.75728348906994, "r_squared": 0.3136560426521305 }, { "end": "2026-06-30", "value": -0.18880912345759426, "ref_year": 2026, "fallback_year_used": false, "z": -1.6817452799139703, "percentile_empirical": 10.996022091578276, "r_squared": 0.437659843397755 } ] } ] } ] }