{ "meta": { "schema_version": 1, "generated_at": "2026-08-17T00:17:18Z", "ticker": "HWM", "cik": "0000004281", "entity_name": "Howmet Aerospace Inc.", "display": { "title": "Howmet Aerospace Inc. (HWM)", "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": 9117000000.0 }, "points": [ { "end": "2009-03-31", "value": 24050000000.0 }, { "end": "2009-06-30", "value": 21049000000.0 }, { "end": "2009-09-30", "value": 18694000000.0 }, { "end": "2009-12-31", "value": 18439000000.0 }, { "end": "2010-03-31", "value": 19179000000.0 }, { "end": "2010-06-30", "value": 20122000000.0 }, { "end": "2010-09-30", "value": 20794000000.0 }, { "end": "2010-12-31", "value": 21013000000.0 }, { "end": "2011-03-31", "value": 22084000000.0 }, { "end": "2011-06-30", "value": 23482000000.0 }, { "end": "2011-09-30", "value": 24614000000.0 }, { "end": "2011-12-31", "value": 24951000000.0 }, { "end": "2012-03-31", "value": 24999000000.0 }, { "end": "2012-06-30", "value": 24377000000.0 }, { "end": "2012-09-30", "value": 23791000000.0 }, { "end": "2012-12-31", "value": 23700000000.0 }, { "end": "2013-03-31", "value": 23527000000.0 }, { "end": "2013-06-30", "value": 23413000000.0 }, { "end": "2013-09-30", "value": 23345000000.0 }, { "end": "2013-12-31", "value": 23032000000.0 }, { "end": "2014-03-31", "value": 22653000000.0 }, { "end": "2014-06-30", "value": 22640000000.0 }, { "end": "2014-09-30", "value": 23114000000.0 }, { "end": "2014-12-31", "value": 23906000000.0 }, { "end": "2015-03-31", "value": 21543000000.0 }, { "end": "2015-06-30", "value": 18911000000.0 }, { "end": "2015-09-30", "value": 15799000000.0 }, { "end": "2015-12-31", "value": 12413000000.0 }, { "end": "2016-03-31", "value": 12377000000.0 }, { "end": "2016-06-30", "value": 12407000000.0 }, { "end": "2016-09-30", "value": 12418000000.0 }, { "end": "2016-12-31", "value": 12394000000.0 }, { "end": "2017-03-31", "value": 12531000000.0 }, { "end": "2017-06-30", "value": 12558000000.0 }, { "end": "2017-09-30", "value": 12656000000.0 }, { "end": "2017-12-31", "value": 12960000000.0 }, { "end": "2018-03-31", "value": 13213000000.0 }, { "end": "2018-06-30", "value": 13525000000.0 }, { "end": "2018-09-30", "value": 13813000000.0 }, { "end": "2018-12-31", "value": 14014000000.0 }, { "end": "2019-03-31", "value": 14110000000.0 }, { "end": "2019-06-30", "value": 14228000000.0 }, { "end": "2019-09-30", "value": 14263000000.0 }, { "end": "2019-12-31", "value": 12525000000.0 }, { "end": "2020-03-31", "value": 10618000000.0 }, { "end": "2020-06-30", "value": 8180000000.0 }, { "end": "2020-09-30", "value": 5755000000.0 }, { "end": "2020-12-31", "value": 5259000000.0 }, { "end": "2021-03-31", "value": 4834000000.0 }, { "end": "2021-06-30", "value": 4776000000.0 }, { "end": "2021-09-30", "value": 4925000000.0 }, { "end": "2021-12-31", "value": 4972000000.0 }, { "end": "2022-03-31", "value": 5087000000.0 }, { "end": "2022-06-30", "value": 5285000000.0 }, { "end": "2022-09-30", "value": 5435000000.0 }, { "end": "2022-12-31", "value": 5663000000.0 }, { "end": "2023-03-31", "value": 5942000000.0 }, { "end": "2023-06-30", "value": 6197000000.0 }, { "end": "2023-09-30", "value": 6422000000.0 }, { "end": "2023-12-31", "value": 6640000000.0 }, { "end": "2024-03-31", "value": 6861000000.0 }, { "end": "2024-06-30", "value": 7093000000.0 }, { "end": "2024-09-30", "value": 7270000000.0 }, { "end": "2024-12-31", "value": 7430000000.0 }, { "end": "2025-03-31", "value": 7548000000.0 }, { "end": "2025-06-30", "value": 7721000000.0 }, { "end": "2025-09-30", "value": 7975000000.0 }, { "end": "2025-12-31", "value": 8252000000.0 }, { "end": "2026-03-31", "value": 8623000000.0 }, { "end": "2026-06-30", "value": 9117000000.0 } ] }, { "id": "operating_income_ttm", "label": "Operating Income TTM", "color": "#7392c9", "unit": "USD", "latest": { "end": "2026-06-30", "value": 2495000000.0 }, "points": [ { "end": "2009-03-31", "value": -471000000.0 }, { "end": "2009-06-30", "value": -1751000000.0 }, { "end": "2009-09-30", "value": -1979000000.0 }, { "end": "2009-12-31", "value": -1056000000.0 }, { "end": "2010-03-31", "value": -748000000.0 }, { "end": "2010-06-30", "value": -153000000.0 }, { "end": "2010-09-30", "value": -217000000.0 }, { "end": "2010-12-31", "value": 399000000.0 }, { "end": "2011-03-31", "value": 1083000000.0 }, { "end": "2011-06-30", "value": 1430000000.0 }, { "end": "2011-09-30", "value": 1650000000.0 }, { "end": "2011-12-31", "value": 1063000000.0 }, { "end": "2012-03-31", "value": 696000000.0 }, { "end": "2012-06-30", "value": 173000000.0 }, { "end": "2012-09-30", "value": -315000000.0 }, { "end": "2012-12-31", "value": 324000000.0 }, { "end": "2013-03-31", "value": 420000000.0 }, { "end": "2013-06-30", "value": 299000000.0 }, { "end": "2013-09-30", "value": 582000000.0 }, { "end": "2013-12-31", "value": -1816000000.0 }, { "end": "2014-03-31", "value": -2324000000.0 }, { "end": "2014-06-30", "value": -1990000000.0 }, { "end": "2014-09-30", "value": -1735000000.0 }, { "end": "2014-12-31", "value": 113000000.0 }, { "end": "2015-03-31", "value": 868000000.0 }, { "end": "2015-06-30", "value": 943000000.0 }, { "end": "2015-09-30", "value": 819000000.0 }, { "end": "2015-12-31", "value": 183000000.0 }, { "end": "2016-03-31", "value": -137000000.0 }, { "end": "2016-06-30", "value": -136000000.0 }, { "end": "2016-09-30", "value": -105000000.0 }, { "end": "2016-12-31", "value": 845000000.0 }, { "end": "2017-03-31", "value": 967000000.0 }, { "end": "2017-06-30", "value": 1004000000.0 }, { "end": "2017-09-30", "value": 1077000000.0 }, { "end": "2017-12-31", "value": 480000000.0 }, { "end": "2018-03-31", "value": 530000000.0 }, { "end": "2018-06-30", "value": 534000000.0 }, { "end": "2018-09-30", "value": 569000000.0 }, { "end": "2018-12-31", "value": 775000000.0 }, { "end": "2019-03-31", "value": 816000000.0 }, { "end": "2019-06-30", "value": 316000000.0 }, { "end": "2019-09-30", "value": 227000000.0 }, { "end": "2019-12-31", "value": 739000000.0 }, { "end": "2020-03-31", "value": 623000000.0 }, { "end": "2020-06-30", "value": 873000000.0 }, { "end": "2020-09-30", "value": 690000000.0 }, { "end": "2020-12-31", "value": 626000000.0 }, { "end": "2021-03-31", "value": 557000000.0 }, { "end": "2021-06-30", "value": 690000000.0 }, { "end": "2021-09-30", "value": 822000000.0 }, { "end": "2021-12-31", "value": 748000000.0 }, { "end": "2022-03-31", "value": 789000000.0 }, { "end": "2022-06-30", "value": 823000000.0 }, { "end": "2022-09-30", "value": 846000000.0 }, { "end": "2022-12-31", "value": 919000000.0 }, { "end": "2023-03-31", "value": 974000000.0 }, { "end": "2023-06-30", "value": 1018000000.0 }, { "end": "2023-09-30", "value": 1097000000.0 }, { "end": "2023-12-31", "value": 1203000000.0 }, { "end": "2024-03-31", "value": 1287000000.0 }, { "end": "2024-06-30", "value": 1400000000.0 }, { "end": "2024-09-30", "value": 1514000000.0 }, { "end": "2024-12-31", "value": 1633000000.0 }, { "end": "2025-03-31", "value": 1758000000.0 }, { "end": "2025-06-30", "value": 1881000000.0 }, { "end": "2025-09-30", "value": 2002000000.0 }, { "end": "2025-12-31", "value": 2046000000.0 }, { "end": "2026-03-31", "value": 2305000000.0 }, { "end": "2026-06-30", "value": 2495000000.0 } ] }, { "id": "net_income_ttm", "label": "Net Income TTM", "color": "#72ac80", "unit": "USD", "latest": { "end": "2026-06-30", "value": 1871000000.0 }, "points": [ { "end": "2009-03-31", "value": -874000000.0 }, { "end": "2009-06-30", "value": -1874000000.0 }, { "end": "2009-09-30", "value": -2065000000.0 }, { "end": "2009-12-31", "value": -1151000000.0 }, { "end": "2010-03-31", "value": -855000000.0 }, { "end": "2010-06-30", "value": -265000000.0 }, { "end": "2010-09-30", "value": -281000000.0 }, { "end": "2010-12-31", "value": 254000000.0 }, { "end": "2011-03-31", "value": 763000000.0 }, { "end": "2011-06-30", "value": 949000000.0 }, { "end": "2011-09-30", "value": 1060000000.0 }, { "end": "2011-12-31", "value": 611000000.0 }, { "end": "2012-03-31", "value": 397000000.0 }, { "end": "2012-06-30", "value": 73000000.0 }, { "end": "2012-09-30", "value": -242000000.0 }, { "end": "2012-12-31", "value": 191000000.0 }, { "end": "2013-03-31", "value": 246000000.0 }, { "end": "2013-06-30", "value": 129000000.0 }, { "end": "2013-09-30", "value": 296000000.0 }, { "end": "2013-12-31", "value": -2285000000.0 }, { "end": "2014-03-31", "value": -2612000000.0 }, { "end": "2014-06-30", "value": -2355000000.0 }, { "end": "2014-09-30", "value": -2230000000.0 }, { "end": "2014-12-31", "value": 268000000.0 }, { "end": "2015-03-31", "value": 641000000.0 }, { "end": "2015-06-30", "value": 643000000.0 }, { "end": "2015-09-30", "value": 538000000.0 }, { "end": "2015-12-31", "value": -322000000.0 }, { "end": "2016-03-31", "value": -501000000.0 }, { "end": "2016-06-30", "value": -506000000.0 }, { "end": "2016-09-30", "value": -384000000.0 }, { "end": "2016-12-31", "value": -941000000.0 }, { "end": "2017-03-31", "value": -635000000.0 }, { "end": "2017-06-30", "value": -558000000.0 }, { "end": "2017-09-30", "value": -605000000.0 }, { "end": "2017-12-31", "value": -74000000.0 }, { "end": "2018-03-31", "value": -253000000.0 }, { "end": "2018-06-30", "value": -345000000.0 }, { "end": "2018-09-30", "value": -303000000.0 }, { "end": "2018-12-31", "value": 642000000.0 }, { "end": "2019-03-31", "value": 686000000.0 }, { "end": "2019-06-30", "value": 445000000.0 }, { "end": "2019-09-30", "value": 379000000.0 }, { "end": "2019-12-31", "value": 470000000.0 }, { "end": "2020-03-31", "value": 498000000.0 }, { "end": "2020-06-30", "value": 523000000.0 }, { "end": "2020-09-30", "value": 464000000.0 }, { "end": "2020-12-31", "value": 261000000.0 }, { "end": "2021-03-31", "value": 126000000.0 }, { "end": "2021-06-30", "value": 296000000.0 }, { "end": "2021-09-30", "value": 287000000.0 }, { "end": "2021-12-31", "value": 258000000.0 }, { "end": "2022-03-31", "value": 309000000.0 }, { "end": "2022-06-30", "value": 382000000.0 }, { "end": "2022-09-30", "value": 435000000.0 }, { "end": "2022-12-31", "value": 469000000.0 }, { "end": "2023-03-31", "value": 486000000.0 }, { "end": "2023-06-30", "value": 532000000.0 }, { "end": "2023-09-30", "value": 640000000.0 }, { "end": "2023-12-31", "value": 765000000.0 }, { "end": "2024-03-31", "value": 860000000.0 }, { "end": "2024-06-30", "value": 933000000.0 }, { "end": "2024-09-30", "value": 1077000000.0 }, { "end": "2024-12-31", "value": 1155000000.0 }, { "end": "2025-03-31", "value": 1256000000.0 }, { "end": "2025-06-30", "value": 1397000000.0 }, { "end": "2025-09-30", "value": 1450000000.0 }, { "end": "2025-12-31", "value": 1508000000.0 }, { "end": "2026-03-31", "value": 1744000000.0 }, { "end": "2026-06-30", "value": 1871000000.0 } ] }, { "id": "free_cash_flow_ttm", "label": "Free Cash Flow TTM", "color": "#8b7ec8", "unit": "USD", "latest": { "end": "2026-06-30", "value": 1791000000.0 }, "points": [ { "end": "2009-06-30", "value": -2192000000.0 }, { "end": "2009-09-30", "value": -1413000000.0 }, { "end": "2009-12-31", "value": -252000000.0 }, { "end": "2010-03-31", "value": 465000000.0 }, { "end": "2010-06-30", "value": 640000000.0 }, { "end": "2010-09-30", "value": 1002000000.0 }, { "end": "2010-12-31", "value": 1246000000.0 }, { "end": "2011-03-31", "value": 828000000.0 }, { "end": "2011-06-30", "value": 1267000000.0 }, { "end": "2011-09-30", "value": 1255000000.0 }, { "end": "2011-12-31", "value": 906000000.0 }, { "end": "2012-03-31", "value": 840000000.0 }, { "end": "2012-06-30", "value": 560000000.0 }, { "end": "2012-09-30", "value": 357000000.0 }, { "end": "2012-12-31", "value": 236000000.0 }, { "end": "2013-03-31", "value": 437000000.0 }, { "end": "2013-06-30", "value": 419000000.0 }, { "end": "2013-09-30", "value": 422000000.0 }, { "end": "2013-12-31", "value": 385000000.0 }, { "end": "2014-03-31", "value": -70000000.0 }, { "end": "2015-12-31", "value": 402000000.0 }, { "end": "2016-03-31", "value": 143000000.0 }, { "end": "2016-06-30", "value": -7000000.0 }, { "end": "2016-09-30", "value": -139000000.0 }, { "end": "2016-12-31", "value": -1030000000.0 }, { "end": "2017-03-31", "value": -847000000.0 }, { "end": "2017-06-30", "value": -949000000.0 }, { "end": "2017-09-30", "value": -1157000000.0 }, { "end": "2017-12-31", "value": -635000000.0 }, { "end": "2018-03-31", "value": -690000000.0 }, { "end": "2018-06-30", "value": -638000000.0 }, { "end": "2018-09-30", "value": -608000000.0 }, { "end": "2018-12-31", "value": -551000000.0 }, { "end": "2019-03-31", "value": -424000000.0 }, { "end": "2019-06-30", "value": -459000000.0 }, { "end": "2019-09-30", "value": -259000000.0 }, { "end": "2019-12-31", "value": -79000000.0 }, { "end": "2020-03-31", "value": -13000000.0 }, { "end": "2020-06-30", "value": 16000000.0 }, { "end": "2020-09-30", "value": -27000000.0 }, { "end": "2020-12-31", "value": -258000000.0 }, { "end": "2021-03-31", "value": 41000000.0 }, { "end": "2021-06-30", "value": 91000000.0 }, { "end": "2021-09-30", "value": 112000000.0 }, { "end": "2021-12-31", "value": 250000000.0 }, { "end": "2022-03-31", "value": 304000000.0 }, { "end": "2022-06-30", "value": 369000000.0 }, { "end": "2022-09-30", "value": 372000000.0 }, { "end": "2022-12-31", "value": 540000000.0 }, { "end": "2023-03-31", "value": 506000000.0 }, { "end": "2023-06-30", "value": 580000000.0 }, { "end": "2023-09-30", "value": 689000000.0 }, { "end": "2023-12-31", "value": 682000000.0 }, { "end": "2024-03-31", "value": 818000000.0 }, { "end": "2024-06-30", "value": 972000000.0 }, { "end": "2024-09-30", "value": 1002000000.0 }, { "end": "2024-12-31", "value": 977000000.0 }, { "end": "2025-03-31", "value": 1016000000.0 }, { "end": "2025-06-30", "value": 1018000000.0 }, { "end": "2025-09-30", "value": 1279000000.0 }, { "end": "2025-12-31", "value": 1431000000.0 }, { "end": "2026-03-31", "value": 1656000000.0 }, { "end": "2026-06-30", "value": 1791000000.0 } ] } ] }, { "id": "balance", "label": "Balance", "unit": "USD", "series": [ { "id": "assets", "label": "Assets", "color": "#5f9ea0", "unit": "USD", "latest": { "end": "2026-06-30", "value": 13251000000.0 }, "points": [ { "end": "2008-12-31", "value": 37822000000.0 }, { "end": "2009-06-30", "value": 37648000000.0 }, { "end": "2009-09-30", "value": 38099000000.0 }, { "end": "2009-12-31", "value": 38472000000.0 }, { "end": "2010-03-31", "value": 37835000000.0 }, { "end": "2010-06-30", "value": 37312000000.0 }, { "end": "2010-09-30", "value": 38370000000.0 }, { "end": "2010-12-31", "value": 39293000000.0 }, { "end": "2011-03-31", "value": 40336000000.0 }, { "end": "2011-06-30", "value": 41466000000.0 }, { "end": "2011-09-30", "value": 39598000000.0 }, { "end": "2011-12-31", "value": 40120000000.0 }, { "end": "2012-03-31", "value": 40703000000.0 }, { "end": "2012-06-30", "value": 39498000000.0 }, { "end": "2012-09-30", "value": 40191000000.0 }, { "end": "2012-12-31", "value": 40179000000.0 }, { "end": "2013-03-31", "value": 40106000000.0 }, { "end": "2013-06-30", "value": 38551000000.0 }, { "end": "2013-09-30", "value": 38229000000.0 }, { "end": "2013-12-31", "value": 35742000000.0 }, { "end": "2014-03-31", "value": 35605000000.0 }, { "end": "2014-06-30", "value": 36309000000.0 }, { "end": "2014-09-30", "value": 37122000000.0 }, { "end": "2014-12-31", "value": 37363000000.0 }, { "end": "2015-03-31", "value": 35694000000.0 }, { "end": "2015-06-30", "value": 36587000000.0 }, { "end": "2015-09-30", "value": 36587000000.0 }, { "end": "2015-12-31", "value": 36477000000.0 }, { "end": "2016-03-31", "value": 36140000000.0 }, { "end": "2016-06-30", "value": 36139000000.0 }, { "end": "2016-09-30", "value": 37448000000.0 }, { "end": "2016-12-31", "value": 20038000000.0 }, { "end": "2017-03-31", "value": 20157000000.0 }, { "end": "2017-06-30", "value": 19106000000.0 }, { "end": "2017-09-30", "value": 19237000000.0 }, { "end": "2017-12-31", "value": 18718000000.0 }, { "end": "2018-03-31", "value": 18219000000.0 }, { "end": "2018-06-30", "value": 18219000000.0 }, { "end": "2018-09-30", "value": 18327000000.0 }, { "end": "2018-12-31", "value": 18693000000.0 }, { "end": "2019-03-31", "value": 18361000000.0 }, { "end": "2019-06-30", "value": 17913000000.0 }, { "end": "2019-09-30", "value": 17484000000.0 }, { "end": "2019-12-31", "value": 17562000000.0 }, { "end": "2020-03-31", "value": 18465000000.0 }, { "end": "2020-06-30", "value": 11363000000.0 }, { "end": "2020-09-30", "value": 11339000000.0 }, { "end": "2020-12-31", "value": 11443000000.0 }, { "end": "2021-03-31", "value": 10971000000.0 }, { "end": "2021-06-30", "value": 10379000000.0 }, { "end": "2021-09-30", "value": 10357000000.0 }, { "end": "2021-12-31", "value": 10219000000.0 }, { "end": "2022-03-31", "value": 10129000000.0 }, { "end": "2022-06-30", "value": 10052000000.0 }, { "end": "2022-09-30", "value": 9929000000.0 }, { "end": "2022-12-31", "value": 10255000000.0 }, { "end": "2023-03-31", "value": 10174000000.0 }, { "end": "2023-06-30", "value": 10233000000.0 }, { "end": "2023-09-30", "value": 10166000000.0 }, { "end": "2023-12-31", "value": 10428000000.0 }, { "end": "2024-03-31", "value": 10410000000.0 }, { "end": "2024-06-30", "value": 10679000000.0 }, { "end": "2024-09-30", "value": 10558000000.0 }, { "end": "2024-12-31", "value": 10519000000.0 }, { "end": "2025-03-31", "value": 10772000000.0 }, { "end": "2025-06-30", "value": 11046000000.0 }, { "end": "2025-09-30", "value": 11177000000.0 }, { "end": "2025-12-31", "value": 11179000000.0 }, { "end": "2026-03-31", "value": 13067000000.0 }, { "end": "2026-06-30", "value": 13251000000.0 } ] }, { "id": "total_liabilities", "label": "Total Liabilities", "color": "#c86e6e", "unit": "USD", "latest": { "end": "2026-06-30", "value": 7519000000.0 }, "points": [ { "end": "2008-12-31", "value": 23490000000.0 }, { "end": "2009-06-30", "value": 22067000000.0 }, { "end": "2009-09-30", "value": 21881000000.0 }, { "end": "2009-12-31", "value": 22912000000.0 }, { "end": "2010-03-31", "value": 21985000000.0 }, { "end": "2010-06-30", "value": 21587000000.0 }, { "end": "2010-09-30", "value": 21592000000.0 }, { "end": "2010-12-31", "value": 22207000000.0 }, { "end": "2011-03-31", "value": 21932000000.0 }, { "end": "2011-06-30", "value": 22097000000.0 }, { "end": "2011-09-30", "value": 21315000000.0 }, { "end": "2011-12-31", "value": 22925000000.0 }, { "end": "2012-03-31", "value": 23077000000.0 }, { "end": "2012-06-30", "value": 22584000000.0 }, { "end": "2012-09-30", "value": 23337000000.0 }, { "end": "2012-12-31", "value": 23656000000.0 }, { "end": "2013-03-31", "value": 23332000000.0 }, { "end": "2013-06-30", "value": 22693000000.0 }, { "end": "2013-09-30", "value": 22365000000.0 }, { "end": "2013-12-31", "value": 22220000000.0 }, { "end": "2014-03-31", "value": 21231000000.0 }, { "end": "2014-06-30", "value": 21603000000.0 }, { "end": "2014-09-30", "value": 21987000000.0 }, { "end": "2014-12-31", "value": 22569000000.0 }, { "end": "2015-03-31", "value": 21851000000.0 }, { "end": "2015-06-30", "value": 21949000000.0 }, { "end": "2015-09-30", "value": 21896000000.0 }, { "end": "2015-12-31", "value": 22346000000.0 }, { "end": "2016-03-31", "value": 21779000000.0 }, { "end": "2016-06-30", "value": 21610000000.0 }, { "end": "2016-09-30", "value": 23503000000.0 }, { "end": "2016-12-31", "value": 14897000000.0 }, { "end": "2017-03-31", "value": 14662000000.0 }, { "end": "2017-06-30", "value": 13353000000.0 }, { "end": "2017-09-30", "value": 13276000000.0 }, { "end": "2017-12-31", "value": 13794000000.0 }, { "end": "2018-03-31", "value": 12937000000.0 }, { "end": "2018-06-30", "value": 13001000000.0 }, { "end": "2018-09-30", "value": 12952000000.0 }, { "end": "2018-12-31", "value": 13108000000.0 }, { "end": "2019-03-31", "value": 13183000000.0 }, { "end": "2019-06-30", "value": 13047000000.0 }, { "end": "2019-09-30", "value": 12774000000.0 }, { "end": "2019-12-31", "value": 12957000000.0 }, { "end": "2020-03-31", "value": 13668000000.0 }, { "end": "2020-06-30", "value": 7914000000.0 }, { "end": "2020-09-30", "value": 7838000000.0 }, { "end": "2020-12-31", "value": 7866000000.0 }, { "end": "2021-03-31", "value": 7309000000.0 }, { "end": "2021-06-30", "value": 6781000000.0 }, { "end": "2021-09-30", "value": 6778000000.0 }, { "end": "2021-12-31", "value": 6711000000.0 }, { "end": "2022-03-31", "value": 6672000000.0 }, { "end": "2022-06-30", "value": 6631000000.0 }, { "end": "2022-09-30", "value": 6656000000.0 }, { "end": "2022-12-31", "value": 6654000000.0 }, { "end": "2023-03-31", "value": 6413000000.0 }, { "end": "2023-06-30", "value": 6458000000.0 }, { "end": "2023-09-30", "value": 6294000000.0 }, { "end": "2023-12-31", "value": 6391000000.0 }, { "end": "2024-03-31", "value": 6324000000.0 }, { "end": "2024-06-30", "value": 6402000000.0 }, { "end": "2024-09-30", "value": 6055000000.0 }, { "end": "2024-12-31", "value": 5965000000.0 }, { "end": "2025-03-31", "value": 5980000000.0 }, { "end": "2025-06-30", "value": 6004000000.0 }, { "end": "2025-09-30", "value": 6034000000.0 }, { "end": "2025-12-31", "value": 5826000000.0 }, { "end": "2026-03-31", "value": 7545000000.0 }, { "end": "2026-06-30", "value": 7519000000.0 } ] } ] }, { "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": 0.3318260406969012 }, "points": [ { "end": "2009-06-30", "value": -0.07934925454298274 }, { "end": "2009-09-30", "value": -0.09044376399616105 }, { "end": "2009-12-31", "value": -0.046089385474860335 }, { "end": "2010-03-31", "value": -0.034023197634750965 }, { "end": "2010-06-30", "value": -0.007087599017927456 }, { "end": "2010-09-30", "value": -0.01005001852537977 }, { "end": "2010-12-31", "value": 0.01796730760570991 }, { "end": "2011-03-31", "value": 0.049379901513769836 }, { "end": "2011-06-30", "value": 0.0647146671493868 }, { "end": "2011-09-30", "value": 0.07741027445460943 }, { "end": "2011-12-31", "value": 0.046368593238822246 }, { "end": "2012-03-31", "value": 0.030159899467001778 }, { "end": "2012-06-30", "value": 0.007660290471130003 }, { "end": "2012-09-30", "value": -0.01349787890474354 }, { "end": "2012-12-31", "value": 0.013696313831586067 }, { "end": "2013-03-31", "value": 0.01800102863020744 }, { "end": "2013-06-30", "value": 0.01317586921076984 }, { "end": "2013-09-30", "value": 0.02602280348759222 }, { "end": "2013-12-31", "value": -0.08172817281728173 }, { "end": "2014-03-31", "value": -0.10946257830530827 }, { "end": "2014-06-30", "value": -0.09211683562468176 }, { "end": "2014-09-30", "value": -0.07891026515668349 }, { "end": "2014-12-31", "value": 0.005006867827551066 }, { "end": "2015-03-31", "value": 0.03972358244473937 }, { "end": "2015-06-30", "value": 0.0429632329491093 }, { "end": "2015-09-30", "value": 0.03740409207161125 }, { "end": "2015-12-31", "value": 0.00818938512485456 }, { "end": "2016-03-31", "value": -0.006290463290325543 }, { "end": "2016-06-30", "value": -0.006293382693197594 }, { "end": "2016-09-30", "value": -0.004467514785346551 }, { "end": "2016-12-31", "value": 0.05672283010002014 }, { "end": "2017-03-31", "value": 0.06595280316464329 }, { "end": "2017-06-30", "value": 0.07518909608327716 }, { "end": "2017-09-30", "value": 0.08112383247966255 }, { "end": "2017-12-31", "value": 0.034797738147020446 }, { "end": "2018-03-31", "value": 0.04096776687021721 }, { "end": "2018-06-30", "value": 0.04107376355664949 }, { "end": "2018-09-30", "value": 0.04393143915997529 }, { "end": "2018-12-31", "value": 0.05912419896246567 }, { "end": "2019-03-31", "value": 0.06189789880907229 }, { "end": "2019-06-30", "value": 0.024220127232313943 }, { "end": "2019-09-30", "value": 0.017770471269766712 }, { "end": "2019-12-31", "value": 0.057034807439993826 }, { "end": "2020-03-31", "value": 0.04558091893473808 }, { "end": "2020-06-30", "value": 0.11031084154662624 }, { "end": "2020-09-30", "value": 0.08803266139321256 }, { "end": "2020-12-31", "value": 0.07958301550978897 }, { "end": "2021-03-31", "value": 0.07620741551511835 }, { "end": "2021-06-30", "value": 0.1017549034065772 }, { "end": "2021-09-30", "value": 0.1212747123045146 }, { "end": "2021-12-31", "value": 0.11145879898673819 }, { "end": "2022-03-31", "value": 0.11825539568345324 }, { "end": "2022-06-30", "value": 0.12411400995324989 }, { "end": "2022-09-30", "value": 0.1271033653846154 }, { "end": "2022-12-31", "value": 0.13811241358581305 }, { "end": "2023-03-31", "value": 0.15187899578980196 }, { "end": "2023-06-30", "value": 0.15763394239702694 }, { "end": "2023-09-30", "value": 0.17429297743883063 }, { "end": "2023-12-31", "value": 0.18823345329369426 }, { "end": "2024-03-31", "value": 0.20351043643263758 }, { "end": "2024-06-30", "value": 0.21868166198063105 }, { "end": "2024-09-30", "value": 0.2500412881915772 }, { "end": "2024-12-31", "value": 0.2737636211232188 }, { "end": "2025-03-31", "value": 0.2939799331103679 }, { "end": "2025-06-30", "value": 0.31329113924050633 }, { "end": "2025-09-30", "value": 0.33178654292343385 }, { "end": "2025-12-31", "value": 0.35118434603501547 }, { "end": "2026-03-31", "value": 0.3055003313452618 }, { "end": "2026-06-30", "value": 0.3318260406969012 } ] }, { "id": "operating_margin_ttm", "label": "Operating Margin (TTM)", "color": "#5a966e", "unit": "ratio", "latest": { "end": "2026-06-30", "value": 0.2736645826478008 }, "points": [ { "end": "2009-03-31", "value": -0.019584199584199585 }, { "end": "2009-06-30", "value": -0.0831868497315787 }, { "end": "2009-09-30", "value": -0.10586284369316358 }, { "end": "2009-12-31", "value": -0.05726991702369977 }, { "end": "2010-03-31", "value": -0.03900099066687523 }, { "end": "2010-06-30", "value": -0.007603617930623198 }, { "end": "2010-09-30", "value": -0.010435702606521113 }, { "end": "2010-12-31", "value": 0.018988245371912627 }, { "end": "2011-03-31", "value": 0.0490400289802572 }, { "end": "2011-06-30", "value": 0.06089770888340005 }, { "end": "2011-09-30", "value": 0.06703502071991549 }, { "end": "2011-12-31", "value": 0.04260350286561661 }, { "end": "2012-03-31", "value": 0.027841113644545782 }, { "end": "2012-06-30", "value": 0.007096853591500185 }, { "end": "2012-09-30", "value": -0.013240300954142322 }, { "end": "2012-12-31", "value": 0.013670886075949367 }, { "end": "2013-03-31", "value": 0.017851829812555786 }, { "end": "2013-06-30", "value": 0.012770682953914493 }, { "end": "2013-09-30", "value": 0.0249303919468837 }, { "end": "2013-12-31", "value": -0.07884682181312956 }, { "end": "2014-03-31", "value": -0.102591268264689 }, { "end": "2014-06-30", "value": -0.08789752650176678 }, { "end": "2014-09-30", "value": -0.0750627325430475 }, { "end": "2014-12-31", "value": 0.004726846816698737 }, { "end": "2015-03-31", "value": 0.04029151000324931 }, { "end": "2015-06-30", "value": 0.049865157844640684 }, { "end": "2015-09-30", "value": 0.05183872396987151 }, { "end": "2015-12-31", "value": 0.014742608555546604 }, { "end": "2016-03-31", "value": -0.011068918154641673 }, { "end": "2016-06-30", "value": -0.010961553961473362 }, { "end": "2016-09-30", "value": -0.008455467869222097 }, { "end": "2016-12-31", "value": 0.0681781507180894 }, { "end": "2017-03-31", "value": 0.07716862181789162 }, { "end": "2017-06-30", "value": 0.0799490364707756 }, { "end": "2017-09-30", "value": 0.08509797724399494 }, { "end": "2017-12-31", "value": 0.037037037037037035 }, { "end": "2018-03-31", "value": 0.040112010898357676 }, { "end": "2018-06-30", "value": 0.039482439926062846 }, { "end": "2018-09-30", "value": 0.04119307898356621 }, { "end": "2018-12-31", "value": 0.05530184101612673 }, { "end": "2019-03-31", "value": 0.05783132530120482 }, { "end": "2019-06-30", "value": 0.022209727298285072 }, { "end": "2019-09-30", "value": 0.01591530533548342 }, { "end": "2019-12-31", "value": 0.05900199600798403 }, { "end": "2020-03-31", "value": 0.05867394989640234 }, { "end": "2020-06-30", "value": 0.10672371638141809 }, { "end": "2020-09-30", "value": 0.11989574283231973 }, { "end": "2020-12-31", "value": 0.11903403688914242 }, { "end": "2021-03-31", "value": 0.11522548613984278 }, { "end": "2021-06-30", "value": 0.1444723618090452 }, { "end": "2021-09-30", "value": 0.16690355329949239 }, { "end": "2021-12-31", "value": 0.1504424778761062 }, { "end": "2022-03-31", "value": 0.15510123845095342 }, { "end": "2022-06-30", "value": 0.15572374645222328 }, { "end": "2022-09-30", "value": 0.15565777368905243 }, { "end": "2022-12-31", "value": 0.1622814762493378 }, { "end": "2023-03-31", "value": 0.16391787277011108 }, { "end": "2023-06-30", "value": 0.1642730353396805 }, { "end": "2023-09-30", "value": 0.17081905948302709 }, { "end": "2023-12-31", "value": 0.18117469879518072 }, { "end": "2024-03-31", "value": 0.1875819851333625 }, { "end": "2024-06-30", "value": 0.1973776963203158 }, { "end": "2024-09-30", "value": 0.20825309491059146 }, { "end": "2024-12-31", "value": 0.21978465679676984 }, { "end": "2025-03-31", "value": 0.2329093799682035 }, { "end": "2025-06-30", "value": 0.2436212925786815 }, { "end": "2025-09-30", "value": 0.25103448275862067 }, { "end": "2025-12-31", "value": 0.24793989335918565 }, { "end": "2026-03-31", "value": 0.26730836135915576 }, { "end": "2026-06-30", "value": 0.2736645826478008 } ] }, { "id": "net_margin_ttm", "label": "Net Margin (TTM)", "color": "#4682a0", "unit": "ratio", "latest": { "end": "2026-06-30", "value": 0.2052210156849841 }, "points": [ { "end": "2009-03-31", "value": -0.03634095634095634 }, { "end": "2009-06-30", "value": -0.08903035773670959 }, { "end": "2009-09-30", "value": -0.11046325024071894 }, { "end": "2009-12-31", "value": -0.062422040240793966 }, { "end": "2010-03-31", "value": -0.044580009385265136 }, { "end": "2010-06-30", "value": -0.013169665043236259 }, { "end": "2010-09-30", "value": -0.013513513513513514 }, { "end": "2010-12-31", "value": 0.012087755199162423 }, { "end": "2011-03-31", "value": 0.03454990038036588 }, { "end": "2011-06-30", "value": 0.04041393407716549 }, { "end": "2011-09-30", "value": 0.04306492240188511 }, { "end": "2011-12-31", "value": 0.02448799647308725 }, { "end": "2012-03-31", "value": 0.015880635225409015 }, { "end": "2012-06-30", "value": 0.0029946260819625056 }, { "end": "2012-09-30", "value": -0.010171913748896642 }, { "end": "2012-12-31", "value": 0.008059071729957805 }, { "end": "2013-03-31", "value": 0.010456071747354103 }, { "end": "2013-06-30", "value": 0.005509759535300901 }, { "end": "2013-09-30", "value": 0.012679374598415078 }, { "end": "2013-12-31", "value": -0.09920979506773185 }, { "end": "2014-03-31", "value": -0.11530481613914272 }, { "end": "2014-06-30", "value": -0.10401943462897527 }, { "end": "2014-09-30", "value": -0.09647832482478151 }, { "end": "2014-12-31", "value": 0.011210574751108508 }, { "end": "2015-03-31", "value": 0.029754444599173747 }, { "end": "2015-06-30", "value": 0.034001374861191896 }, { "end": "2015-09-30", "value": 0.03405278815114881 }, { "end": "2015-12-31", "value": -0.02594054620156288 }, { "end": "2016-03-31", "value": -0.040478306536317364 }, { "end": "2016-06-30", "value": -0.04078342870959942 }, { "end": "2016-09-30", "value": -0.030922853921726525 }, { "end": "2016-12-31", "value": -0.07592383411328062 }, { "end": "2017-03-31", "value": -0.05067432766738489 }, { "end": "2017-06-30", "value": -0.044433827042522696 }, { "end": "2017-09-30", "value": -0.04780341340075853 }, { "end": "2017-12-31", "value": -0.005709876543209876 }, { "end": "2018-03-31", "value": -0.019147808976008478 }, { "end": "2018-06-30", "value": -0.025508317929759706 }, { "end": "2018-09-30", "value": -0.021935857525519437 }, { "end": "2018-12-31", "value": 0.04581133152561724 }, { "end": "2019-03-31", "value": 0.04861800141743444 }, { "end": "2019-06-30", "value": 0.03127635648017993 }, { "end": "2019-09-30", "value": 0.026572249877304915 }, { "end": "2019-12-31", "value": 0.0375249500998004 }, { "end": "2020-03-31", "value": 0.046901488039178756 }, { "end": "2020-06-30", "value": 0.06393643031784842 }, { "end": "2020-09-30", "value": 0.08062554300608167 }, { "end": "2020-12-31", "value": 0.04962920707358814 }, { "end": "2021-03-31", "value": 0.026065370293752586 }, { "end": "2021-06-30", "value": 0.06197654941373534 }, { "end": "2021-09-30", "value": 0.0582741116751269 }, { "end": "2021-12-31", "value": 0.051890587288817375 }, { "end": "2022-03-31", "value": 0.06074307057204639 }, { "end": "2022-06-30", "value": 0.07228003784295176 }, { "end": "2022-09-30", "value": 0.08003679852805888 }, { "end": "2022-12-31", "value": 0.08281829419035847 }, { "end": "2023-03-31", "value": 0.08179064288118479 }, { "end": "2023-06-30", "value": 0.08584799096336937 }, { "end": "2023-09-30", "value": 0.09965742759265027 }, { "end": "2023-12-31", "value": 0.11521084337349398 }, { "end": "2024-03-31", "value": 0.12534615945197494 }, { "end": "2024-06-30", "value": 0.13153813619061047 }, { "end": "2024-09-30", "value": 0.14814305364511693 }, { "end": "2024-12-31", "value": 0.15545087483176312 }, { "end": "2025-03-31", "value": 0.1664016958134605 }, { "end": "2025-06-30", "value": 0.1809351120321202 }, { "end": "2025-09-30", "value": 0.18181818181818182 }, { "end": "2025-12-31", "value": 0.1827435773145904 }, { "end": "2026-03-31", "value": 0.20224979705438942 }, { "end": "2026-06-30", "value": 0.2052210156849841 } ] } ] } ] }, { "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": 0.12652666794960196 }, "latest_score": { "z": 1.2249336923163359, "percentile_empirical": 82.5270344107123, "ref_year": 2026, "fallback_year_used": false, "r_squared": 0.988935503257448 }, "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": "2011-12-31", "value": 0.06480002682073119, "ref_year": 2014, "fallback_year_used": true, "z": -0.10347482653769474, "percentile_empirical": 45.68532134632975, "r_squared": 0.3013972848902127 }, { "end": "2012-03-31", "value": 0.07119975934141733, "ref_year": 2014, "fallback_year_used": true, "z": 0.008207158647273163, "percentile_empirical": 51.312645134176414, "r_squared": 0.39857548975925555 }, { "end": "2012-06-30", "value": 0.06984298222479955, "ref_year": 2014, "fallback_year_used": true, "z": -0.015470012445053041, "percentile_empirical": 49.873255673599814, "r_squared": 0.44759379806867705 }, { "end": "2012-09-30", "value": 0.06456930887890049, "ref_year": 2014, "fallback_year_used": true, "z": -0.1075010944603235, "percentile_empirical": 45.42224501585004, "r_squared": 0.45766971662625827 }, { "end": "2012-12-31", "value": 0.05922878277303344, "ref_year": 2014, "fallback_year_used": true, "z": -0.20069882663232855, "percentile_empirical": 42.55300892091392, "r_squared": 0.4581657942967301 }, { "end": "2013-03-31", "value": 0.05382808822414245, "ref_year": 2014, "fallback_year_used": true, "z": -0.2949465606818625, "percentile_empirical": 38.92776106474682, "r_squared": 0.4480789039118359 }, { "end": "2013-06-30", "value": 0.048746738939604226, "ref_year": 2014, "fallback_year_used": true, "z": -0.3836213879002041, "percentile_empirical": 34.969144306132435, "r_squared": 0.43239580121266674 }, { "end": "2013-09-30", "value": 0.044142661130764274, "ref_year": 2014, "fallback_year_used": true, "z": -0.46396733173070887, "percentile_empirical": 32.134746807221504, "r_squared": 0.4144435057375039 }, { "end": "2013-12-31", "value": 0.039380651651364784, "ref_year": 2014, "fallback_year_used": true, "z": -0.547069347386818, "percentile_empirical": 30.19764003016335, "r_squared": 0.38427522882181475 }, { "end": "2014-03-31", "value": 0.03451056922372476, "ref_year": 2014, "fallback_year_used": false, "z": -0.632057348334544, "percentile_empirical": 27.335971340520885, "r_squared": 0.3417676501682384 }, { "end": "2014-06-30", "value": 0.03917954756122237, "ref_year": 2014, "fallback_year_used": false, "z": -0.5505788228130681, "percentile_empirical": 30.131247131469916, "r_squared": 0.451839834121919 }, { "end": "2014-09-30", "value": 0.03734454223354671, "ref_year": 2014, "fallback_year_used": false, "z": -0.5826015733198093, "percentile_empirical": 29.329856519135994, "r_squared": 0.4213603535380631 }, { "end": "2014-12-31", "value": 0.03070291968822733, "ref_year": 2014, "fallback_year_used": false, "z": -0.6985047908859995, "percentile_empirical": 25.404604299595572, "r_squared": 0.3500208571608706 }, { "end": "2015-03-31", "value": 0.017145162692310117, "ref_year": 2015, "fallback_year_used": false, "z": -0.672251101606611, "percentile_empirical": 26.577922355207285, "r_squared": 0.14940456112955391 }, { "end": "2015-06-30", "value": -0.0010483666022775364, "ref_year": 2015, "fallback_year_used": false, "z": -0.9948696845701989, "percentile_empirical": 16.54888144447739, "r_squared": 0.0005356755421872489 }, { "end": "2015-09-30", "value": -0.024138932542383938, "ref_year": 2015, "fallback_year_used": false, "z": -1.4043254610060845, "percentile_empirical": 10.741376645959367, "r_squared": 0.15469877788054376 }, { "end": "2015-12-31", "value": -0.05323768500765202, "ref_year": 2015, "fallback_year_used": false, "z": -1.9203220075994796, "percentile_empirical": 5.2246397005420935, "r_squared": 0.35378273456198395 }, { "end": "2016-03-31", "value": -0.08093902285564883, "ref_year": 2016, "fallback_year_used": false, "z": -2.1016988735316655, "percentile_empirical": 6.021734847768109, "r_squared": 0.5311305971193202 }, { "end": "2016-06-30", "value": -0.10495975213414115, "ref_year": 2016, "fallback_year_used": false, "z": -2.508471178466422, "percentile_empirical": 3.5509128678394584, "r_squared": 0.6592600646250955 }, { "end": "2016-09-30", "value": -0.124193745101519, "ref_year": 2016, "fallback_year_used": false, "z": -2.8341838394656245, "percentile_empirical": 2.5545433950931447, "r_squared": 0.7375333489192288 }, { "end": "2016-12-31", "value": -0.1388234027701922, "ref_year": 2016, "fallback_year_used": false, "z": -3.081925675331574, "percentile_empirical": 1.9984339821557442, "r_squared": 0.7812902527048832 }, { "end": "2017-03-31", "value": -0.14983311047784917, "ref_year": 2017, "fallback_year_used": false, "z": -2.935571113316357, "percentile_empirical": 1.5972963293431293, "r_squared": 0.8071252157896366 }, { "end": "2017-06-30", "value": -0.15795574991842376, "ref_year": 2017, "fallback_year_used": false, "z": -3.0570086690925087, "percentile_empirical": 1.3298403056166035, "r_squared": 0.8198930566618641 }, { "end": "2017-09-30", "value": -0.1644379117150855, "ref_year": 2017, "fallback_year_used": false, "z": -3.1539202568210003, "percentile_empirical": 1.1164006679260619, "r_squared": 0.8267288360075861 }, { "end": "2017-12-31", "value": -0.1684782940043743, "ref_year": 2017, "fallback_year_used": false, "z": -3.2143260095571793, "percentile_empirical": 0.9972063293486834, "r_squared": 0.823932018651094 }, { "end": "2018-03-31", "value": -0.16895650250018968, "ref_year": 2018, "fallback_year_used": false, "z": -3.454137138128907, "percentile_empirical": 0.64870141231558, "r_squared": 0.805155879617446 }, { "end": "2018-06-30", "value": -0.165719088773456, "ref_year": 2018, "fallback_year_used": false, "z": -3.404065753243824, "percentile_empirical": 0.6995042954341938, "r_squared": 0.7695334723162437 }, { "end": "2018-09-30", "value": -0.15844670886979575, "ref_year": 2018, "fallback_year_used": false, "z": -3.291587656860972, "percentile_empirical": 0.8136255963939467, "r_squared": 0.7157622072652594 }, { "end": "2018-12-31", "value": -0.14710672513247813, "ref_year": 2018, "fallback_year_used": false, "z": -3.116198059413785, "percentile_empirical": 0.9915774792863378, "r_squared": 0.6445598619994206 }, { "end": "2019-03-31", "value": -0.13273531689992216, "ref_year": 2019, "fallback_year_used": false, "z": -3.453023327699319, "percentile_empirical": 1.3689428726870685, "r_squared": 0.5603352284890017 }, { "end": "2019-06-30", "value": -0.1153949558149561, "ref_year": 2019, "fallback_year_used": false, "z": -3.1450514454185154, "percentile_empirical": 1.7249054519243732, "r_squared": 0.4630699325511373 }, { "end": "2019-09-30", "value": -0.09406810431360363, "ref_year": 2019, "fallback_year_used": false, "z": -2.7662778681088045, "percentile_empirical": 2.277255244915394, "r_squared": 0.3525521399155159 }, { "end": "2019-12-31", "value": -0.0734403035014025, "ref_year": 2019, "fallback_year_used": false, "z": -2.399919716031171, "percentile_empirical": 2.998835012369171, "r_squared": 0.26709488248671504 }, { "end": "2020-03-31", "value": -0.051735430224612716, "ref_year": 2020, "fallback_year_used": false, "z": -1.9135532649932734, "percentile_empirical": 5.764663773650512, "r_squared": 0.20794354992621852 }, { "end": "2020-06-30", "value": -0.04257262673689702, "ref_year": 2020, "fallback_year_used": false, "z": -1.7517098522358636, "percentile_empirical": 6.58758244332316, "r_squared": 0.18803829943863862 }, { "end": "2020-09-30", "value": -0.04899154689707613, "ref_year": 2020, "fallback_year_used": false, "z": -1.8650878097936674, "percentile_empirical": 6.0295125285101605, "r_squared": 0.19438556302978977 }, { "end": "2020-12-31", "value": -0.06678248874786953, "ref_year": 2020, "fallback_year_used": false, "z": -2.179330797669735, "percentile_empirical": 4.2720377593208365, "r_squared": 0.2391200866181226 }, { "end": "2021-03-31", "value": -0.09884850097219719, "ref_year": 2021, "fallback_year_used": false, "z": -2.7927345511137913, "percentile_empirical": 4.333692164765366, "r_squared": 0.3584906371927549 }, { "end": "2021-06-30", "value": -0.12995081922341384, "ref_year": 2021, "fallback_year_used": false, "z": -3.3467694012084204, "percentile_empirical": 2.814554276802583, "r_squared": 0.46652788935332706 }, { "end": "2021-09-30", "value": -0.1585657085061166, "ref_year": 2021, "fallback_year_used": false, "z": -3.8564949389051617, "percentile_empirical": 2.1183282601918103, "r_squared": 0.5593893847309703 }, { "end": "2021-12-31", "value": -0.18506833452590052, "ref_year": 2021, "fallback_year_used": false, "z": -4.328594102555466, "percentile_empirical": 1.5926483467132162, "r_squared": 0.6380414708673665 }, { "end": "2022-03-31", "value": -0.20903313666618342, "ref_year": 2022, "fallback_year_used": false, "z": -4.872244135659909, "percentile_empirical": 1.5116018626049605, "r_squared": 0.7025011171109293 }, { "end": "2022-06-30", "value": -0.2290269058001289, "ref_year": 2022, "fallback_year_used": false, "z": -5.222810492334347, "percentile_empirical": 1.3132332668578652, "r_squared": 0.7475311680938261 }, { "end": "2022-09-30", "value": -0.245387261916157, "ref_year": 2022, "fallback_year_used": false, "z": -5.509669383175231, "percentile_empirical": 1.1509136538365825, "r_squared": 0.7761267019542892 }, { "end": "2022-12-31", "value": -0.25679664460697743, "ref_year": 2022, "fallback_year_used": false, "z": -5.7097189933827694, "percentile_empirical": 1.0377152264887, "r_squared": 0.7848641802903075 }, { "end": "2023-03-31", "value": -0.26145930800437756, "ref_year": 2023, "fallback_year_used": false, "z": -6.468004712377343, "percentile_empirical": 0.9107188291698538, "r_squared": 0.7684880270762421 }, { "end": "2023-06-30", "value": -0.2590644039516277, "ref_year": 2023, "fallback_year_used": false, "z": -6.422006322395214, "percentile_empirical": 0.9141277123390462, "r_squared": 0.7285913440451542 }, { "end": "2023-09-30", "value": -0.24852900325277422, "ref_year": 2023, "fallback_year_used": false, "z": -6.219655222188327, "percentile_empirical": 0.9291236993731757, "r_squared": 0.6649721465723354 }, { "end": "2023-12-31", "value": -0.22889353209486357, "ref_year": 2023, "fallback_year_used": false, "z": -5.8425210907531335, "percentile_empirical": 0.9570726383181454, "r_squared": 0.5785380844567983 }, { "end": "2024-03-31", "value": -0.19946312957613538, "ref_year": 2024, "fallback_year_used": false, "z": -5.541609542216108, "percentile_empirical": 0.8207140619776876, "r_squared": 0.4706920875066927 }, { "end": "2024-06-30", "value": -0.15951926688178442, "ref_year": 2024, "fallback_year_used": false, "z": -4.737441451721834, "percentile_empirical": 1.1505107433222228, "r_squared": 0.3425145218830687 }, { "end": "2024-09-30", "value": -0.10793913369958406, "ref_year": 2024, "fallback_year_used": false, "z": -3.6990066482085378, "percentile_empirical": 1.816052261266512, "r_squared": 0.19824948292286146 }, { "end": "2024-12-31", "value": -0.04396204116413051, "ref_year": 2024, "fallback_year_used": false, "z": -2.4109905959480926, "percentile_empirical": 4.452449360373746, "r_squared": 0.052013383675877795 }, { "end": "2025-03-31", "value": 0.01711127904424715, "ref_year": 2025, "fallback_year_used": false, "z": -0.8766615492388964, "percentile_empirical": 19.119979114863412, "r_squared": 0.013863531188526602 }, { "end": "2025-06-30", "value": 0.0696172402847894, "ref_year": 2025, "fallback_year_used": false, "z": 0.08356548047158333, "percentile_empirical": 53.01867988814505, "r_squared": 0.3803503323405568 }, { "end": "2025-09-30", "value": 0.10389133445572461, "ref_year": 2025, "fallback_year_used": false, "z": 0.7103688160205072, "percentile_empirical": 72.71780681252062, "r_squared": 0.8739869721344823 }, { "end": "2025-12-31", "value": 0.11576134331529098, "ref_year": 2025, "fallback_year_used": false, "z": 0.9274470882883359, "percentile_empirical": 78.11003841947267, "r_squared": 0.9582940100395927 }, { "end": "2026-03-31", "value": 0.12294239349260447, "ref_year": 2026, "fallback_year_used": false, "z": 1.1600852944524946, "percentile_empirical": 81.51159661190891, "r_squared": 0.9877009632275153 }, { "end": "2026-06-30", "value": 0.12652666794960196, "ref_year": 2026, "fallback_year_used": false, "z": 1.2249336923163359, "percentile_empirical": 82.5270344107123, "r_squared": 0.988935503257448 } ] }, { "id": "operating_income_ttm_5yr_trend", "label": "Operating Income (5y trend)", "is_ratio": true, "latest": { "end": "2026-06-30", "value": 0.2570230724525166 }, "latest_score": { "z": 1.6260126542465858, "percentile_empirical": 87.70943716719319, "ref_year": 2026, "fallback_year_used": false, "r_squared": 0.9383818574621436 }, "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": "2011-12-31", "value": 1.193612929991734, "ref_year": 2014, "fallback_year_used": true, "z": 10.391840405550404, "percentile_empirical": 99.0, "r_squared": 0.7901421902364822 }, { "end": "2012-03-31", "value": 1.0624699211131445, "ref_year": 2014, "fallback_year_used": true, "z": 9.148985535910553, "percentile_empirical": 99.0, "r_squared": 0.7359135457536474 }, { "end": "2012-06-30", "value": 0.925107252448845, "ref_year": 2014, "fallback_year_used": true, "z": 7.847186354116562, "percentile_empirical": 99.0, "r_squared": 0.6167286376657328 }, { "end": "2012-09-30", "value": 0.7490182186022325, "ref_year": 2014, "fallback_year_used": true, "z": 6.1783736962565445, "percentile_empirical": 99.0, "r_squared": 0.45244651834202054 }, { "end": "2012-12-31", "value": 0.677055540572179, "ref_year": 2014, "fallback_year_used": true, "z": 5.496376496506627, "percentile_empirical": 98.14208457959081, "r_squared": 0.41179360281472027 }, { "end": "2013-03-31", "value": 0.6208952243498207, "ref_year": 2014, "fallback_year_used": true, "z": 4.964139794799629, "percentile_empirical": 97.41834186115567, "r_squared": 0.3876281919720999 }, { "end": "2013-06-30", "value": 0.5657730076283227, "ref_year": 2014, "fallback_year_used": true, "z": 4.441741261599269, "percentile_empirical": 96.71660079203109, "r_squared": 0.3542218946287023 }, { "end": "2013-09-30", "value": 0.5309691084270659, "ref_year": 2014, "fallback_year_used": true, "z": 4.111901371736878, "percentile_empirical": 96.2707570606698, "r_squared": 0.35137401747202957 }, { "end": "2013-12-31", "value": 0.29666143931955824, "ref_year": 2014, "fallback_year_used": true, "z": 1.8913451252820823, "percentile_empirical": 89.21115854450026, "r_squared": 0.12179583090680106 }, { "end": "2014-03-31", "value": 0.10359244314567778, "ref_year": 2014, "fallback_year_used": false, "z": 0.06161173634227365, "percentile_empirical": 52.443909117265534, "r_squared": 0.016294730576329942 }, { "end": "2014-06-30", "value": -0.023129723461086892, "ref_year": 2014, "fallback_year_used": false, "z": -1.1393463872000866, "percentile_empirical": 14.467640479219927, "r_squared": 0.0008421203922279436 }, { "end": "2014-09-30", "value": -0.1957955347433692, "ref_year": 2014, "fallback_year_used": false, "z": -2.7757168365861653, "percentile_empirical": 4.1153535771344405, "r_squared": 0.060344152833943836 }, { "end": "2014-12-31", "value": -0.31168011649244276, "ref_year": 2014, "fallback_year_used": false, "z": -3.8739661292827545, "percentile_empirical": 1.984556026617953, "r_squared": 0.14235995884341252 }, { "end": "2015-03-31", "value": -0.31963816526046424, "ref_year": 2015, "fallback_year_used": false, "z": -3.8380580656497787, "percentile_empirical": 2.6669149878335956, "r_squared": 0.14757566795945162 }, { "end": "2015-06-30", "value": -0.30826343355380703, "ref_year": 2015, "fallback_year_used": false, "z": -3.724918631186977, "percentile_empirical": 2.811755140465702, "r_squared": 0.1389097924503819 }, { "end": "2015-09-30", "value": -0.26930841612100187, "ref_year": 2015, "fallback_year_used": false, "z": -3.3374502710095952, "percentile_empirical": 3.4508194020366325, "r_squared": 0.11171580419059532 }, { "end": "2015-12-31", "value": -0.2868834175363607, "ref_year": 2015, "fallback_year_used": false, "z": -3.5122610509115844, "percentile_empirical": 3.123031547151823, "r_squared": 0.12689879495948714 }, { "end": "2016-03-31", "value": -0.28990215515566486, "ref_year": 2016, "fallback_year_used": false, "z": -3.5686755487250954, "percentile_empirical": 4.933160392721761, "r_squared": 0.12614569033260595 }, { "end": "2016-06-30", "value": -0.255397444155547, "ref_year": 2016, "fallback_year_used": false, "z": -3.217570796352569, "percentile_empirical": 6.382430704424295, "r_squared": 0.09169364204753648 }, { "end": "2016-09-30", "value": -0.1869627670727891, "ref_year": 2016, "fallback_year_used": false, "z": -2.521209642921855, "percentile_empirical": 9.098100731743136, "r_squared": 0.04576895587544667 }, { "end": "2016-12-31", "value": -0.01081112023759714, "ref_year": 2016, "fallback_year_used": false, "z": -0.7287680154040505, "percentile_empirical": 26.769786911185562, "r_squared": 0.00015223432864569373 }, { "end": "2017-03-31", "value": 0.1450650081699748, "ref_year": 2017, "fallback_year_used": false, "z": 0.9171787189051683, "percentile_empirical": 78.11293901146969, "r_squared": 0.027346515424832272 }, { "end": "2017-06-30", "value": 0.2711046515168024, "ref_year": 2017, "fallback_year_used": false, "z": 2.3231760182329264, "percentile_empirical": 91.08884474223954, "r_squared": 0.09668547660985388 }, { "end": "2017-09-30", "value": 0.34451694220061135, "ref_year": 2017, "fallback_year_used": false, "z": 3.1421047274714367, "percentile_empirical": 93.96271678409498, "r_squared": 0.1651188849252249 }, { "end": "2017-12-31", "value": 0.3503157288810352, "ref_year": 2017, "fallback_year_used": false, "z": 3.2067913466617073, "percentile_empirical": 94.26127171049296, "r_squared": 0.17328085555423958 }, { "end": "2018-03-31", "value": 0.39738497150685625, "ref_year": 2018, "fallback_year_used": false, "z": 3.693469963793843, "percentile_empirical": 95.99533294069414, "r_squared": 0.22680660096287641 }, { "end": "2018-06-30", "value": 0.451430634917678, "ref_year": 2018, "fallback_year_used": false, "z": 4.288127240042072, "percentile_empirical": 97.48985430053375, "r_squared": 0.2952068590358553 }, { "end": "2018-09-30", "value": 0.4936170698305384, "ref_year": 2018, "fallback_year_used": false, "z": 4.7522989958629385, "percentile_empirical": 98.0910043091607, "r_squared": 0.3606839587151565 }, { "end": "2018-12-31", "value": 0.5664198081922522, "ref_year": 2018, "fallback_year_used": false, "z": 5.553337883451477, "percentile_empirical": 98.77325281784512, "r_squared": 0.48053934238507334 }, { "end": "2019-03-31", "value": 0.5144974118051096, "ref_year": 2019, "fallback_year_used": false, "z": 5.511123787910632, "percentile_empirical": 96.91315140530536, "r_squared": 0.4118733663538362 }, { "end": "2019-06-30", "value": 0.390429053511002, "ref_year": 2019, "fallback_year_used": false, "z": 3.971682190962706, "percentile_empirical": 94.53053919656398, "r_squared": 0.2750373150227789 }, { "end": "2019-09-30", "value": 0.22455401302535652, "ref_year": 2019, "fallback_year_used": false, "z": 1.913502807193495, "percentile_empirical": 87.71052366796073, "r_squared": 0.1202504649005256 }, { "end": "2019-12-31", "value": 0.05810071817221823, "ref_year": 2019, "fallback_year_used": false, "z": -0.15185156332636768, "percentile_empirical": 42.942256311990526, "r_squared": 0.0177086219912641 }, { "end": "2020-03-31", "value": 0.021826116393025213, "ref_year": 2020, "fallback_year_used": false, "z": -0.3229457529085223, "percentile_empirical": 39.01607651376088, "r_squared": 0.002893086363116683 }, { "end": "2020-06-30", "value": 0.07628127610416097, "ref_year": 2020, "fallback_year_used": false, "z": 0.25022225230067896, "percentile_empirical": 59.55067036677379, "r_squared": 0.0353212060615849 }, { "end": "2020-09-30", "value": 0.1245953772343464, "ref_year": 2020, "fallback_year_used": false, "z": 0.7587525204177906, "percentile_empirical": 73.82978491495616, "r_squared": 0.0946935639070795 }, { "end": "2020-12-31", "value": 0.1584016396903494, "ref_year": 2020, "fallback_year_used": false, "z": 1.1145804735129965, "percentile_empirical": 80.63534565816629, "r_squared": 0.15197983932474135 }, { "end": "2021-03-31", "value": 0.11993033670680317, "ref_year": 2021, "fallback_year_used": false, "z": 0.4422224757290471, "percentile_empirical": 65.61017465077468, "r_squared": 0.09754448304974828 }, { "end": "2021-06-30", "value": 0.06132615699967766, "ref_year": 2021, "fallback_year_used": false, "z": -0.08587197838743467, "percentile_empirical": 48.04231404246175, "r_squared": 0.034670445166560614 }, { "end": "2021-09-30", "value": 0.011306264267883212, "ref_year": 2021, "fallback_year_used": false, "z": -0.536611636875483, "percentile_empirical": 30.335883938395252, "r_squared": 0.0017738858079625578 }, { "end": "2021-12-31", "value": -0.044237095715087216, "ref_year": 2021, "fallback_year_used": false, "z": -1.0371244077493256, "percentile_empirical": 19.466056720998044, "r_squared": 0.049035950994072104 }, { "end": "2022-03-31", "value": -0.024231867574140257, "ref_year": 2022, "fallback_year_used": false, "z": -1.064041656986586, "percentile_empirical": 16.352308199787124, "r_squared": 0.01483369257581722 }, { "end": "2022-06-30", "value": 0.009148043456031941, "ref_year": 2022, "fallback_year_used": false, "z": -0.7633794263690602, "percentile_empirical": 24.323452132739064, "r_squared": 0.0022204345813532935 }, { "end": "2022-09-30", "value": 0.04929617083844683, "ref_year": 2022, "fallback_year_used": false, "z": -0.401753970776851, "percentile_empirical": 35.28297905799296, "r_squared": 0.06949609598942055 }, { "end": "2022-12-31", "value": 0.1034925560192364, "ref_year": 2022, "fallback_year_used": false, "z": 0.08640808708884833, "percentile_empirical": 53.06570062709205, "r_squared": 0.346515966773357 }, { "end": "2023-03-31", "value": 0.1076880902844171, "ref_year": 2023, "fallback_year_used": false, "z": 0.06973597485751237, "percentile_empirical": 54.78227986948766, "r_squared": 0.3747708890003081 }, { "end": "2023-06-30", "value": 0.11528550841267517, "ref_year": 2023, "fallback_year_used": false, "z": 0.1407211611601768, "percentile_empirical": 56.77475999044767, "r_squared": 0.4171467539328176 }, { "end": "2023-09-30", "value": 0.12424583386253714, "ref_year": 2023, "fallback_year_used": false, "z": 0.22444044061186483, "percentile_empirical": 59.63463695974714, "r_squared": 0.462136377330431 }, { "end": "2023-12-31", "value": 0.1379285093012742, "ref_year": 2023, "fallback_year_used": false, "z": 0.3522821953686658, "percentile_empirical": 61.98331708824318, "r_squared": 0.5191190058655037 }, { "end": "2024-03-31", "value": 0.16780025147666405, "ref_year": 2024, "fallback_year_used": false, "z": 0.6192012935400377, "percentile_empirical": 70.23754745509525, "r_squared": 0.6579000272865323 }, { "end": "2024-06-30", "value": 0.20189196259197528, "ref_year": 2024, "fallback_year_used": false, "z": 0.9319644370311665, "percentile_empirical": 75.94792214048142, "r_squared": 0.8038648377915724 }, { "end": "2024-09-30", "value": 0.1967743040163617, "ref_year": 2024, "fallback_year_used": false, "z": 0.8850141687384034, "percentile_empirical": 75.45072418307215, "r_squared": 0.7987176364151031 }, { "end": "2024-12-31", "value": 0.184829388304725, "ref_year": 2024, "fallback_year_used": false, "z": 0.7754294848229577, "percentile_empirical": 73.24813147447998, "r_squared": 0.7949387143875392 }, { "end": "2025-03-31", "value": 0.20626898039699143, "ref_year": 2025, "fallback_year_used": false, "z": 1.0801878417616881, "percentile_empirical": 82.07570816816762, "r_squared": 0.8381331304857339 }, { "end": "2025-06-30", "value": 0.21805484228162042, "ref_year": 2025, "fallback_year_used": false, "z": 1.179512979220938, "percentile_empirical": 83.34541798259124, "r_squared": 0.8515466444775337 }, { "end": "2025-09-30", "value": 0.24250491531683682, "ref_year": 2025, "fallback_year_used": false, "z": 1.3855655266615965, "percentile_empirical": 85.42880604932888, "r_squared": 0.9170108412537962 }, { "end": "2025-12-31", "value": 0.2502358495632706, "ref_year": 2025, "fallback_year_used": false, "z": 1.4507178349299392, "percentile_empirical": 86.17223187790371, "r_squared": 0.9410889830848221 }, { "end": "2026-03-31", "value": 0.25619198359044754, "ref_year": 2026, "fallback_year_used": false, "z": 1.6190313019799185, "percentile_empirical": 87.6559634275156, "r_squared": 0.9442475984101549 }, { "end": "2026-06-30", "value": 0.2570230724525166, "ref_year": 2026, "fallback_year_used": false, "z": 1.6260126542465858, "percentile_empirical": 87.70943716719319, "r_squared": 0.9383818574621436 } ] }, { "id": "net_income_ttm_5yr_trend", "label": "Net Income (5y trend)", "is_ratio": true, "latest": { "end": "2026-06-30", "value": 0.3767041922107204 }, "latest_score": { "z": 2.180496899994212, "percentile_empirical": 92.27655882380053, "ref_year": 2026, "fallback_year_used": false, "r_squared": 0.9533505875671057 }, "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": "2011-12-31", "value": 1.1693590025020821, "ref_year": 2014, "fallback_year_used": true, "z": 8.352121944840004, "percentile_empirical": 99.0, "r_squared": 0.8141497558273595 }, { "end": "2012-03-31", "value": 1.066864211321857, "ref_year": 2014, "fallback_year_used": true, "z": 7.5455328648791244, "percentile_empirical": 99.0, "r_squared": 0.7612326656663315 }, { "end": "2012-06-30", "value": 0.9592255551547555, "ref_year": 2014, "fallback_year_used": true, "z": 6.698463822186168, "percentile_empirical": 99.0, "r_squared": 0.6666212728729347 }, { "end": "2012-09-30", "value": 0.8163147920704091, "ref_year": 2014, "fallback_year_used": true, "z": 5.573818758906604, "percentile_empirical": 99.0, "r_squared": 0.5398637701016552 }, { "end": "2012-12-31", "value": 0.7555082445168191, "ref_year": 2014, "fallback_year_used": true, "z": 5.095297883044667, "percentile_empirical": 98.82217099946193, "r_squared": 0.5035953314311064 }, { "end": "2013-03-31", "value": 0.7051387569607891, "ref_year": 2014, "fallback_year_used": true, "z": 4.698912094478296, "percentile_empirical": 98.07310436715775, "r_squared": 0.47877347936239795 }, { "end": "2013-06-30", "value": 0.6540448749989393, "ref_year": 2014, "fallback_year_used": true, "z": 4.2968256394625275, "percentile_empirical": 97.53980183168838, "r_squared": 0.4425445784286489 }, { "end": "2013-09-30", "value": 0.616752645906993, "ref_year": 2014, "fallback_year_used": true, "z": 4.00335214284286, "percentile_empirical": 97.16815799556518, "r_squared": 0.42952020986068 }, { "end": "2013-12-31", "value": 0.30578882537363117, "ref_year": 2014, "fallback_year_used": true, "z": 1.5562031802766911, "percentile_empirical": 87.58208715225418, "r_squared": 0.1179907188934512 }, { "end": "2014-03-31", "value": 0.08840465948560994, "ref_year": 2014, "fallback_year_used": false, "z": -0.15451491907889156, "percentile_empirical": 44.797336951831, "r_squared": 0.011075116837417503 }, { "end": "2014-06-30", "value": -0.06578871801553345, "ref_year": 2014, "fallback_year_used": false, "z": -1.36794921230084, "percentile_empirical": 11.880642458158997, "r_squared": 0.006255244810826829 }, { "end": "2014-09-30", "value": -0.25600066730854604, "ref_year": 2014, "fallback_year_used": false, "z": -2.864833877474118, "percentile_empirical": 2.917514461158093, "r_squared": 0.09430393131292697 }, { "end": "2014-12-31", "value": -0.3485034583460112, "ref_year": 2014, "fallback_year_used": false, "z": -3.5927902961132507, "percentile_empirical": 2.116589823403513, "r_squared": 0.15691970720248394 }, { "end": "2015-03-31", "value": -0.35386157444593014, "ref_year": 2015, "fallback_year_used": false, "z": -4.033723788208688, "percentile_empirical": 4.310360036011607, "r_squared": 0.1517231982690048 }, { "end": "2015-06-30", "value": -0.3437803873322962, "ref_year": 2015, "fallback_year_used": false, "z": -3.9385454637460846, "percentile_empirical": 4.467243696100216, "r_squared": 0.13788745666331778 }, { "end": "2015-09-30", "value": -0.2986709139757918, "ref_year": 2015, "fallback_year_used": false, "z": -3.5126587062573726, "percentile_empirical": 5.181736063238773, "r_squared": 0.10555997412317757 }, { "end": "2015-12-31", "value": -0.31936794102508353, "ref_year": 2015, "fallback_year_used": false, "z": -3.708063109895971, "percentile_empirical": 4.847150733359007, "r_squared": 0.12123557738413747 }, { "end": "2016-03-31", "value": -0.30992152063150935, "ref_year": 2016, "fallback_year_used": false, "z": -3.4043664069635566, "percentile_empirical": 4.961971378423124, "r_squared": 0.11776362225181633 }, { "end": "2016-06-30", "value": -0.26948456409261906, "ref_year": 2016, "fallback_year_used": false, "z": -3.0409080541208926, "percentile_empirical": 6.467634177513459, "r_squared": 0.08924365446332291 }, { "end": "2016-09-30", "value": -0.20206548207748729, "ref_year": 2016, "fallback_year_used": false, "z": -2.434927025953812, "percentile_empirical": 9.351254433358125, "r_squared": 0.04972801799419813 }, { "end": "2016-12-31", "value": -0.14640555906750516, "ref_year": 2016, "fallback_year_used": false, "z": -1.934640514106628, "percentile_empirical": 11.813416016013834, "r_squared": 0.02757976628503066 }, { "end": "2017-03-31", "value": -0.0883931529080279, "ref_year": 2017, "fallback_year_used": false, "z": -1.4513696195114512, "percentile_empirical": 15.722262311947897, "r_squared": 0.010560675518067534 }, { "end": "2017-06-30", "value": -0.0325055026769714, "ref_year": 2017, "fallback_year_used": false, "z": -0.9374321031408982, "percentile_empirical": 20.633774137437484, "r_squared": 0.001508685974762636 }, { "end": "2017-09-30", "value": 0.0022465549637951826, "ref_year": 2017, "fallback_year_used": false, "z": -0.6178554861455222, "percentile_empirical": 27.85534495788538, "r_squared": 7.802287450104873e-06 }, { "end": "2017-12-31", "value": 0.05255618037142203, "ref_year": 2017, "fallback_year_used": false, "z": -0.15521295555724293, "percentile_empirical": 45.18486564187993, "r_squared": 0.004163138239963942 }, { "end": "2018-03-31", "value": 0.12032246851252441, "ref_year": 2018, "fallback_year_used": false, "z": 0.25179995188660576, "percentile_empirical": 61.090297458035316, "r_squared": 0.022468864274209705 }, { "end": "2018-06-30", "value": 0.18813404972821857, "ref_year": 2018, "fallback_year_used": false, "z": 0.755425012936584, "percentile_empirical": 76.37553589496123, "r_squared": 0.05725666807885758 }, { "end": "2018-09-30", "value": 0.2523500449979819, "ref_year": 2018, "fallback_year_used": false, "z": 1.2323462697238363, "percentile_empirical": 86.13113479328327, "r_squared": 0.10744327726940997 }, { "end": "2018-12-31", "value": 0.38452911313944105, "ref_year": 2018, "fallback_year_used": false, "z": 2.214017690281496, "percentile_empirical": 93.83578920333618, "r_squared": 0.2501787764651532 }, { "end": "2019-03-31", "value": 0.3814600828987119, "ref_year": 2019, "fallback_year_used": false, "z": 2.460650202823898, "percentile_empirical": 91.86286923635154, "r_squared": 0.22272485115842847 }, { "end": "2019-06-30", "value": 0.32261367927772855, "ref_year": 2019, "fallback_year_used": false, "z": 1.934059448077484, "percentile_empirical": 89.29589598776805, "r_squared": 0.15650901391432812 }, { "end": "2019-09-30", "value": 0.22981236108775768, "ref_year": 2019, "fallback_year_used": false, "z": 1.103620998484729, "percentile_empirical": 83.10744676705518, "r_squared": 0.08308341992013028 }, { "end": "2019-12-31", "value": 0.0931769998671221, "ref_year": 2019, "fallback_year_used": false, "z": -0.11906915015448703, "percentile_empirical": 45.992239394191856, "r_squared": 0.017378491475548388 }, { "end": "2020-03-31", "value": 0.18193239839403735, "ref_year": 2020, "fallback_year_used": false, "z": 0.7905623234326209, "percentile_empirical": 74.98328501904756, "r_squared": 0.06704986501211407 }, { "end": "2020-06-30", "value": 0.31988495912166026, "ref_year": 2020, "fallback_year_used": false, "z": 1.9397094203995964, "percentile_empirical": 90.56610789831117, "r_squared": 0.20768347463120998 }, { "end": "2020-09-30", "value": 0.45906232340298214, "ref_year": 2020, "fallback_year_used": false, "z": 3.0990591510883694, "percentile_empirical": 94.2509771463371, "r_squared": 0.42876581373674055 }, { "end": "2020-12-31", "value": 0.5756247686297424, "ref_year": 2020, "fallback_year_used": false, "z": 4.070026234564064, "percentile_empirical": 97.3445678898864, "r_squared": 0.667835616711583 }, { "end": "2021-03-31", "value": 0.573478462958531, "ref_year": 2021, "fallback_year_used": false, "z": 3.3031046309699583, "percentile_empirical": 97.03184458638499, "r_squared": 0.6430713688092302 }, { "end": "2021-06-30", "value": 0.5635419350008524, "ref_year": 2021, "fallback_year_used": false, "z": 3.2330091783567134, "percentile_empirical": 96.90143593989079, "r_squared": 0.6121607294294159 }, { "end": "2021-09-30", "value": 0.5427469350046045, "ref_year": 2021, "fallback_year_used": false, "z": 3.0863145841244286, "percentile_empirical": 96.62606018677884, "r_squared": 0.5662757128618906 }, { "end": "2021-12-31", "value": 0.5185515936188945, "ref_year": 2021, "fallback_year_used": false, "z": 2.915632892009557, "percentile_empirical": 96.3056557454664, "r_squared": 0.5204445372578345 }, { "end": "2022-03-31", "value": 0.4425345283463824, "ref_year": 2022, "fallback_year_used": false, "z": 2.4498080839787986, "percentile_empirical": 95.47570410478653, "r_squared": 0.4252517310507989 }, { "end": "2022-06-30", "value": 0.37573488472117833, "ref_year": 2022, "fallback_year_used": false, "z": 1.9498461768293736, "percentile_empirical": 92.77543517278495, "r_squared": 0.34486245519637515 }, { "end": "2022-09-30", "value": 0.3045300368630341, "ref_year": 2022, "fallback_year_used": false, "z": 1.4169135202843266, "percentile_empirical": 87.60408971281986, "r_squared": 0.2679706356907807 }, { "end": "2022-12-31", "value": 0.21534873247738956, "ref_year": 2022, "fallback_year_used": false, "z": 0.7494360817385759, "percentile_empirical": 77.01520445952782, "r_squared": 0.1815256202197878 }, { "end": "2023-03-31", "value": 0.17968103466614635, "ref_year": 2023, "fallback_year_used": false, "z": 0.6390244293178119, "percentile_empirical": 70.96331177173987, "r_squared": 0.14857093257427426 }, { "end": "2023-06-30", "value": 0.12340862360613063, "ref_year": 2023, "fallback_year_used": false, "z": 0.1671394435578404, "percentile_empirical": 57.361750895619515, "r_squared": 0.09137643171000284 }, { "end": "2023-09-30", "value": 0.0616900112608425, "ref_year": 2023, "fallback_year_used": false, "z": -0.3504158905581979, "percentile_empirical": 38.131592420524385, "r_squared": 0.036302680207056286 }, { "end": "2023-12-31", "value": 0.012398974876006962, "ref_year": 2023, "fallback_year_used": false, "z": -0.7637569854998274, "percentile_empirical": 24.424920651378475, "r_squared": 0.002928847604598446 }, { "end": "2024-03-31", "value": 0.08395825115326942, "ref_year": 2024, "fallback_year_used": false, "z": -0.13705959758878447, "percentile_empirical": 44.494079822749846, "r_squared": 0.1115396319904285 }, { "end": "2024-06-30", "value": 0.16299493851181052, "ref_year": 2024, "fallback_year_used": false, "z": 0.4487005754575598, "percentile_empirical": 66.28853269480052, "r_squared": 0.34779963538734127 }, { "end": "2024-09-30", "value": 0.21420118093830404, "ref_year": 2024, "fallback_year_used": false, "z": 0.8282025311598384, "percentile_empirical": 74.72724341115277, "r_squared": 0.47332281824044714 }, { "end": "2024-12-31", "value": 0.25058868929038447, "ref_year": 2024, "fallback_year_used": false, "z": 1.0978792332254217, "percentile_empirical": 80.08073435927022, "r_squared": 0.5593858616664871 }, { "end": "2025-03-31", "value": 0.2932000316345481, "ref_year": 2025, "fallback_year_used": false, "z": 1.5351066764267567, "percentile_empirical": 87.22062481475434, "r_squared": 0.6668059350453968 }, { "end": "2025-06-30", "value": 0.33558204419184934, "ref_year": 2025, "fallback_year_used": false, "z": 1.8297766113076095, "percentile_empirical": 88.73995210287387, "r_squared": 0.768357187719601 }, { "end": "2025-09-30", "value": 0.3709712533355709, "ref_year": 2025, "fallback_year_used": false, "z": 2.0758275967289905, "percentile_empirical": 90.14847443092583, "r_squared": 0.8678624314357294 }, { "end": "2025-12-31", "value": 0.391360157646077, "ref_year": 2025, "fallback_year_used": false, "z": 2.217585780046639, "percentile_empirical": 91.57694197245667, "r_squared": 0.938952433828111 }, { "end": "2026-03-31", "value": 0.39198257815557924, "ref_year": 2026, "fallback_year_used": false, "z": 2.284842500711702, "percentile_empirical": 93.04625858163739, "r_squared": 0.9539930715093146 }, { "end": "2026-06-30", "value": 0.3767041922107204, "ref_year": 2026, "fallback_year_used": false, "z": 2.180496899994212, "percentile_empirical": 92.27655882380053, "r_squared": 0.9533505875671057 } ] } ] } ] }