{
  "ticker": {
    "uuid": "22d441a6-40ba-46f7-86fa-c5484a1aecde",
    "symbol": "SOT",
    "name": "The Southern Company",
    "exchange": "GER",
    "exchange_name": "XETRA",
    "country": "DE",
    "currency": "EUR",
    "sector": "Utilities",
    "industry": "Utilities - Regulated Electric",
    "page_url": "https://sharemaestro.com/factors/ticker/22d441a6-40ba-46f7-86fa-c5484a1aecde/",
    "api_url": "https://sharemaestro.com/factors/api/tickers/22d441a6-40ba-46f7-86fa-c5484a1aecde/"
  },
  "latest_snapshot": {
    "ticker": {
      "uuid": "22d441a6-40ba-46f7-86fa-c5484a1aecde",
      "symbol": "SOT",
      "name": "The Southern Company",
      "exchange": "GER",
      "exchange_name": "XETRA",
      "country": "DE",
      "currency": "EUR",
      "sector": "Utilities",
      "industry": "Utilities - Regulated Electric",
      "page_url": "https://sharemaestro.com/factors/ticker/22d441a6-40ba-46f7-86fa-c5484a1aecde/",
      "api_url": "https://sharemaestro.com/factors/api/tickers/22d441a6-40ba-46f7-86fa-c5484a1aecde/"
    },
    "week_end_date": "2026-08-09",
    "universe": "EUR_DE",
    "score": {
      "os": 0.09,
      "value": 0.22,
      "quality": 0.14,
      "momentum": 0.59,
      "coverage": 0.909,
      "confidence": 0.851,
      "delta": 0.01
    },
    "headline_factors": {
      "price": 80.42,
      "market_cap": 92512187424.99,
      "pe_ratio": 21.2038,
      "earnings_yield": 0.0428,
      "ebitda_to_ev": 0.0852,
      "shareholder_yield": 0.0011,
      "roe": 0.1175,
      "piotroski_f_score": 4,
      "momentum_12_1": 0.1285,
      "volatility_252d": 0.1652
    },
    "strategy_flags": {
      "market_leader": false,
      "cornerstone_value": false,
      "cornerstone_growth": false,
      "tiny_titan": false,
      "all_cap_buyback": false,
      "small_cap_core": false,
      "veiled_value": false,
      "earnings_consistent_5y": false
    },
    "factor_groups": {
      "valuation": {
        "pe_ratio": 21.2038,
        "ev_ebitda": 11.7337,
        "earnings_yield": 0.0428,
        "fcf_yield": -0.0203,
        "shareholder_yield": 0.0011
      },
      "quality": {
        "roe": 0.1175,
        "roic": 0.0488,
        "gross_margin": 0.4801,
        "fcf_margin": -0.1149,
        "piotroski_f_score": 4
      },
      "growth": {
        "revenue_growth_1y": 0.1059,
        "eps_growth_1y": -0.0315,
        "fcf_growth_1y": -4.5234
      },
      "momentum": {
        "price_return_12m": 0.0874,
        "momentum_12_1": 0.1285,
        "relative_strength": -0.0019
      },
      "scores": {
        "value_percentile": 0.22,
        "quality_percentile": 0.14,
        "momentum_percentile": 0.59,
        "growth_composite": 38,
        "yield_composite": 79,
        "overall_composite": 91,
        "os_score": 0.09,
        "factor_coverage": 0.909,
        "signal_confidence": 0.851
      }
    }
  },
  "factor_history": [
    {
      "week_end_date": "2026-06-07",
      "price": 80.56,
      "os": 0.1,
      "value": 0.24,
      "quality": 0.15,
      "momentum": 0.56,
      "confidence": 0.939,
      "coverage": 0.939,
      "pe_ratio": 20.8149,
      "earnings_yield": 0.0432,
      "shareholder_yield": 0.0009,
      "roe": 0.1175,
      "momentum_12_1": 0.0631
    },
    {
      "week_end_date": "2026-06-14",
      "price": 81.1,
      "os": 0.06,
      "value": 0.23,
      "quality": 0.15,
      "momentum": 0.43,
      "confidence": 0.939,
      "coverage": 0.939,
      "pe_ratio": 20.9544,
      "earnings_yield": 0.0431,
      "shareholder_yield": 0.0009,
      "roe": 0.1175,
      "momentum_12_1": 0.0631
    },
    {
      "week_end_date": "2026-06-21",
      "price": 81.72,
      "os": 0.07,
      "value": 0.23,
      "quality": 0.15,
      "momentum": 0.44,
      "confidence": 0.939,
      "coverage": 0.939,
      "pe_ratio": 21.1146,
      "earnings_yield": 0.0429,
      "shareholder_yield": 0.0009,
      "roe": 0.1175,
      "momentum_12_1": 0.0988
    },
    {
      "week_end_date": "2026-06-28",
      "price": 85.08,
      "os": 0.08,
      "value": 0.2,
      "quality": 0.14,
      "momentum": 0.59,
      "confidence": 0.939,
      "coverage": 0.939,
      "pe_ratio": 21.9828,
      "earnings_yield": 0.042,
      "shareholder_yield": 0.0008,
      "roe": 0.1175,
      "momentum_12_1": 0.0647
    },
    {
      "week_end_date": "2026-07-05",
      "price": 85.64,
      "os": 0.09,
      "value": 0.21,
      "quality": 0.15,
      "momentum": 0.62,
      "confidence": 0.931,
      "coverage": 0.939,
      "pe_ratio": 22.1275,
      "earnings_yield": 0.0418,
      "shareholder_yield": 0.0008,
      "roe": 0.1175,
      "momentum_12_1": 0.0893
    },
    {
      "week_end_date": "2026-07-12",
      "price": 83.46,
      "os": 0.1,
      "value": 0.22,
      "quality": 0.14,
      "momentum": 0.62,
      "confidence": 0.92,
      "coverage": 0.939,
      "pe_ratio": 21.5642,
      "earnings_yield": 0.0424,
      "shareholder_yield": 0.0009,
      "roe": 0.1175,
      "momentum_12_1": 0.0966
    },
    {
      "week_end_date": "2026-07-19",
      "price": 84.76,
      "os": 0.09,
      "value": 0.21,
      "quality": 0.13,
      "momentum": 0.62,
      "confidence": 0.91,
      "coverage": 0.939,
      "pe_ratio": 21.9001,
      "earnings_yield": 0.0421,
      "shareholder_yield": 0.0009,
      "roe": 0.1175,
      "momentum_12_1": 0.105
    },
    {
      "week_end_date": "2026-07-26",
      "price": 85.4,
      "os": 0.1,
      "value": 0.21,
      "quality": 0.13,
      "momentum": 0.66,
      "confidence": 0.9,
      "coverage": 0.939,
      "pe_ratio": 22.0654,
      "earnings_yield": 0.0419,
      "shareholder_yield": 0.001,
      "roe": 0.1175,
      "momentum_12_1": 0.1504
    },
    {
      "week_end_date": "2026-08-02",
      "price": 82.56,
      "os": 0.08,
      "value": 0.21,
      "quality": 0.13,
      "momentum": 0.59,
      "confidence": 0.861,
      "coverage": 0.909,
      "pe_ratio": 21.768,
      "earnings_yield": 0.0422,
      "shareholder_yield": 0.0012,
      "roe": 0.1175,
      "momentum_12_1": 0.158
    },
    {
      "week_end_date": "2026-08-09",
      "price": 80.42,
      "os": 0.09,
      "value": 0.22,
      "quality": 0.14,
      "momentum": 0.59,
      "confidence": 0.851,
      "coverage": 0.909,
      "pe_ratio": 21.2038,
      "earnings_yield": 0.0428,
      "shareholder_yield": 0.0011,
      "roe": 0.1175,
      "momentum_12_1": 0.1285
    }
  ],
  "financial_periods": {
    "annual": [
      {
        "period_end_date": "2025-12-31",
        "period_type": "annual",
        "fiscal_year": 2025,
        "fiscal_quarter": null,
        "currency_reported": "EUR",
        "is_restated": false,
        "income_statement": {
          "revenue": 29553000000,
          "cost_of_revenue": 15229000000,
          "gross_profit": 14324000000,
          "ebit": 7285000000,
          "ebitda": 14267000000,
          "pretax_income": null,
          "tax_provision": null,
          "net_income": 4341000000,
          "net_income_to_common": 4341000000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 1639000000,
          "total_current_assets": 10917000000,
          "total_assets": 155720000000,
          "short_term_debt": 6942000000,
          "long_term_debt": 65649000000,
          "total_debt": 74075000000,
          "total_liabilities": null,
          "total_equity": 36016000000,
          "shares_outstanding": 1119237015,
          "goodwill_and_intangibles": null
        },
        "cash_flow": {
          "operating_cash_flow": 9802000000,
          "capital_expenditure": -12737000000,
          "free_cash_flow": -2935000000,
          "dividends_paid": -3015000000,
          "share_repurchases": null,
          "shares_issued": 1623000000,
          "net_debt_issued": 6792000000
        }
      },
      {
        "period_end_date": "2025-12-31",
        "period_type": "annual",
        "fiscal_year": 2025,
        "fiscal_quarter": null,
        "currency_reported": "EUR",
        "is_restated": false,
        "income_statement": {
          "revenue": 29553000000,
          "cost_of_revenue": 15229000000,
          "gross_profit": 14324000000,
          "ebit": 7285000000,
          "ebitda": 14267000000,
          "pretax_income": null,
          "tax_provision": null,
          "net_income": 4341000000,
          "net_income_to_common": 4341000000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 1639000000,
          "total_current_assets": 10917000000,
          "total_assets": 155720000000,
          "short_term_debt": 6942000000,
          "long_term_debt": 65649000000,
          "total_debt": 74075000000,
          "total_liabilities": null,
          "total_equity": 36016000000,
          "shares_outstanding": 1119237015,
          "goodwill_and_intangibles": null
        },
        "cash_flow": {
          "operating_cash_flow": 9802000000,
          "capital_expenditure": -12737000000,
          "free_cash_flow": -2935000000,
          "dividends_paid": -3015000000,
          "share_repurchases": null,
          "shares_issued": 1623000000,
          "net_debt_issued": 6792000000
        }
      },
      {
        "period_end_date": "2025-12-31",
        "period_type": "annual",
        "fiscal_year": 2025,
        "fiscal_quarter": null,
        "currency_reported": "EUR",
        "is_restated": false,
        "income_statement": {
          "revenue": 29553000000,
          "cost_of_revenue": 15229000000,
          "gross_profit": 14324000000,
          "ebit": 7285000000,
          "ebitda": 14267000000,
          "pretax_income": null,
          "tax_provision": null,
          "net_income": 4341000000,
          "net_income_to_common": 4341000000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 1639000000,
          "total_current_assets": 10917000000,
          "total_assets": 155720000000,
          "short_term_debt": 6942000000,
          "long_term_debt": 65649000000,
          "total_debt": 74075000000,
          "total_liabilities": null,
          "total_equity": 36016000000,
          "shares_outstanding": 1119237015,
          "goodwill_and_intangibles": null
        },
        "cash_flow": {
          "operating_cash_flow": 9802000000,
          "capital_expenditure": -12737000000,
          "free_cash_flow": -2935000000,
          "dividends_paid": -3015000000,
          "share_repurchases": null,
          "shares_issued": 1623000000,
          "net_debt_issued": 6792000000
        }
      },
      {
        "period_end_date": "2025-12-31",
        "period_type": "annual",
        "fiscal_year": 2025,
        "fiscal_quarter": null,
        "currency_reported": "EUR",
        "is_restated": false,
        "income_statement": {
          "revenue": 29553000000,
          "cost_of_revenue": 15229000000,
          "gross_profit": 14324000000,
          "ebit": 7285000000,
          "ebitda": 14267000000,
          "pretax_income": null,
          "tax_provision": null,
          "net_income": 4341000000,
          "net_income_to_common": 4341000000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 1639000000,
          "total_current_assets": 10917000000,
          "total_assets": 155720000000,
          "short_term_debt": 6942000000,
          "long_term_debt": 65649000000,
          "total_debt": 74075000000,
          "total_liabilities": null,
          "total_equity": 36016000000,
          "shares_outstanding": 1119237015,
          "goodwill_and_intangibles": null
        },
        "cash_flow": {
          "operating_cash_flow": 9802000000,
          "capital_expenditure": -12737000000,
          "free_cash_flow": -2935000000,
          "dividends_paid": -3015000000,
          "share_repurchases": null,
          "shares_issued": 1623000000,
          "net_debt_issued": 6792000000
        }
      },
      {
        "period_end_date": "2025-12-31",
        "period_type": "annual",
        "fiscal_year": 2025,
        "fiscal_quarter": null,
        "currency_reported": "EUR",
        "is_restated": false,
        "income_statement": {
          "revenue": 29553000000,
          "cost_of_revenue": 15229000000,
          "gross_profit": 14324000000,
          "ebit": 7285000000,
          "ebitda": 14267000000,
          "pretax_income": null,
          "tax_provision": null,
          "net_income": 4341000000,
          "net_income_to_common": 4341000000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 1639000000,
          "total_current_assets": 10917000000,
          "total_assets": 155720000000,
          "short_term_debt": 6942000000,
          "long_term_debt": 65649000000,
          "total_debt": 74075000000,
          "total_liabilities": null,
          "total_equity": 36016000000,
          "shares_outstanding": 1119237015,
          "goodwill_and_intangibles": null
        },
        "cash_flow": {
          "operating_cash_flow": 9802000000,
          "capital_expenditure": -12737000000,
          "free_cash_flow": -2935000000,
          "dividends_paid": -3015000000,
          "share_repurchases": null,
          "shares_issued": 1623000000,
          "net_debt_issued": 6792000000
        }
      },
      {
        "period_end_date": "2025-12-31",
        "period_type": "annual",
        "fiscal_year": 2025,
        "fiscal_quarter": null,
        "currency_reported": "EUR",
        "is_restated": false,
        "income_statement": {
          "revenue": 29553000000,
          "cost_of_revenue": 15229000000,
          "gross_profit": 14324000000,
          "ebit": 7285000000,
          "ebitda": 14267000000,
          "pretax_income": null,
          "tax_provision": null,
          "net_income": 4341000000,
          "net_income_to_common": 4341000000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 1639000000,
          "total_current_assets": 10917000000,
          "total_assets": 155720000000,
          "short_term_debt": 6942000000,
          "long_term_debt": 65649000000,
          "total_debt": 74075000000,
          "total_liabilities": null,
          "total_equity": 36016000000,
          "shares_outstanding": 1119237015,
          "goodwill_and_intangibles": null
        },
        "cash_flow": {
          "operating_cash_flow": 9802000000,
          "capital_expenditure": -12737000000,
          "free_cash_flow": -2935000000,
          "dividends_paid": -3015000000,
          "share_repurchases": null,
          "shares_issued": 1623000000,
          "net_debt_issued": 6792000000
        }
      },
      {
        "period_end_date": "2025-12-31",
        "period_type": "annual",
        "fiscal_year": 2025,
        "fiscal_quarter": null,
        "currency_reported": "EUR",
        "is_restated": false,
        "income_statement": {
          "revenue": 29553000000,
          "cost_of_revenue": 15229000000,
          "gross_profit": 14324000000,
          "ebit": 7285000000,
          "ebitda": 14267000000,
          "pretax_income": null,
          "tax_provision": null,
          "net_income": 4341000000,
          "net_income_to_common": 4341000000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 1639000000,
          "total_current_assets": 10917000000,
          "total_assets": 155720000000,
          "short_term_debt": 6942000000,
          "long_term_debt": 65649000000,
          "total_debt": 74075000000,
          "total_liabilities": null,
          "total_equity": 36016000000,
          "shares_outstanding": 1119237015,
          "goodwill_and_intangibles": null
        },
        "cash_flow": {
          "operating_cash_flow": 9802000000,
          "capital_expenditure": -12737000000,
          "free_cash_flow": -2935000000,
          "dividends_paid": -3015000000,
          "share_repurchases": null,
          "shares_issued": 1623000000,
          "net_debt_issued": 6792000000
        }
      },
      {
        "period_end_date": "2025-12-31",
        "period_type": "annual",
        "fiscal_year": 2025,
        "fiscal_quarter": null,
        "currency_reported": "EUR",
        "is_restated": false,
        "income_statement": {
          "revenue": 29553000000,
          "cost_of_revenue": 15229000000,
          "gross_profit": 14324000000,
          "ebit": 7285000000,
          "ebitda": 14267000000,
          "pretax_income": null,
          "tax_provision": null,
          "net_income": 4341000000,
          "net_income_to_common": 4341000000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 1639000000,
          "total_current_assets": 10917000000,
          "total_assets": 155720000000,
          "short_term_debt": 6942000000,
          "long_term_debt": 65649000000,
          "total_debt": 74075000000,
          "total_liabilities": null,
          "total_equity": 36016000000,
          "shares_outstanding": 1119237015,
          "goodwill_and_intangibles": null
        },
        "cash_flow": {
          "operating_cash_flow": 9802000000,
          "capital_expenditure": -12737000000,
          "free_cash_flow": -2935000000,
          "dividends_paid": -3015000000,
          "share_repurchases": null,
          "shares_issued": 1623000000,
          "net_debt_issued": 6792000000
        }
      }
    ],
    "quarterly": [
      {
        "period_end_date": "2026-06-30",
        "period_type": "quarterly",
        "fiscal_year": 2026,
        "fiscal_quarter": 2,
        "currency_reported": "EUR",
        "is_restated": false,
        "income_statement": {
          "revenue": 6977000000,
          "cost_of_revenue": 3400000000,
          "gross_profit": 3577000000,
          "ebit": 1776000000,
          "ebitda": 3767000000,
          "pretax_income": null,
          "tax_provision": null,
          "net_income": 1174000000,
          "net_income_to_common": 1174000000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 2984000000,
          "total_current_assets": 12378000000,
          "total_assets": 162027000000,
          "short_term_debt": 6826000000,
          "long_term_debt": 68756000000,
          "total_debt": 77087000000,
          "total_liabilities": null,
          "total_equity": 39570000000,
          "shares_outstanding": 1150362966,
          "goodwill_and_intangibles": null
        },
        "cash_flow": {
          "operating_cash_flow": 3054000000,
          "capital_expenditure": -3695000000,
          "free_cash_flow": -641000000,
          "dividends_paid": -803000000,
          "share_repurchases": null,
          "shares_issued": 2061000000,
          "net_debt_issued": 1099000000
        }
      },
      {
        "period_end_date": "2026-06-30",
        "period_type": "quarterly",
        "fiscal_year": 2026,
        "fiscal_quarter": 2,
        "currency_reported": "EUR",
        "is_restated": false,
        "income_statement": {
          "revenue": 6977000000,
          "cost_of_revenue": 3400000000,
          "gross_profit": 3577000000,
          "ebit": 1776000000,
          "ebitda": 3767000000,
          "pretax_income": null,
          "tax_provision": null,
          "net_income": 1174000000,
          "net_income_to_common": 1174000000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 2984000000,
          "total_current_assets": 12378000000,
          "total_assets": 162027000000,
          "short_term_debt": 6826000000,
          "long_term_debt": 68756000000,
          "total_debt": 77087000000,
          "total_liabilities": null,
          "total_equity": 39570000000,
          "shares_outstanding": 1150362966,
          "goodwill_and_intangibles": null
        },
        "cash_flow": {
          "operating_cash_flow": 3054000000,
          "capital_expenditure": -3695000000,
          "free_cash_flow": -641000000,
          "dividends_paid": -803000000,
          "share_repurchases": null,
          "shares_issued": 2061000000,
          "net_debt_issued": 1099000000
        }
      },
      {
        "period_end_date": "2026-03-31",
        "period_type": "quarterly",
        "fiscal_year": 2026,
        "fiscal_quarter": 1,
        "currency_reported": "EUR",
        "is_restated": false,
        "income_statement": {
          "revenue": 8397000000,
          "cost_of_revenue": 4495000000,
          "gross_profit": 3902000000,
          "ebit": 2018000000,
          "ebitda": 3924000000,
          "pretax_income": null,
          "tax_provision": null,
          "net_income": 1356000000,
          "net_income_to_common": 1356000000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 981000000,
          "total_current_assets": 9961000000,
          "total_assets": 157031000000,
          "short_term_debt": 7374000000,
          "long_term_debt": 67148000000,
          "total_debt": 76005000000,
          "total_liabilities": null,
          "total_equity": 37122000000,
          "shares_outstanding": 1127301098,
          "goodwill_and_intangibles": null
        },
        "cash_flow": {
          "operating_cash_flow": 1226000000,
          "capital_expenditure": -2944000000,
          "free_cash_flow": -1718000000,
          "dividends_paid": -776000000,
          "share_repurchases": null,
          "shares_issued": 535000000,
          "net_debt_issued": 2021000000
        }
      },
      {
        "period_end_date": "2026-03-31",
        "period_type": "quarterly",
        "fiscal_year": 2026,
        "fiscal_quarter": 1,
        "currency_reported": "EUR",
        "is_restated": false,
        "income_statement": {
          "revenue": 8397000000,
          "cost_of_revenue": 4495000000,
          "gross_profit": 3902000000,
          "ebit": 2018000000,
          "ebitda": 3924000000,
          "pretax_income": null,
          "tax_provision": null,
          "net_income": 1356000000,
          "net_income_to_common": 1356000000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 981000000,
          "total_current_assets": 9961000000,
          "total_assets": 157031000000,
          "short_term_debt": 7374000000,
          "long_term_debt": 67148000000,
          "total_debt": 76005000000,
          "total_liabilities": null,
          "total_equity": 37122000000,
          "shares_outstanding": 1127301098,
          "goodwill_and_intangibles": null
        },
        "cash_flow": {
          "operating_cash_flow": 1226000000,
          "capital_expenditure": -2944000000,
          "free_cash_flow": -1718000000,
          "dividends_paid": -776000000,
          "share_repurchases": null,
          "shares_issued": 535000000,
          "net_debt_issued": 2021000000
        }
      },
      {
        "period_end_date": "2026-03-31",
        "period_type": "quarterly",
        "fiscal_year": 2026,
        "fiscal_quarter": 1,
        "currency_reported": "EUR",
        "is_restated": false,
        "income_statement": {
          "revenue": 8397000000,
          "cost_of_revenue": 4495000000,
          "gross_profit": 3902000000,
          "ebit": 2018000000,
          "ebitda": 3924000000,
          "pretax_income": null,
          "tax_provision": null,
          "net_income": 1356000000,
          "net_income_to_common": 1356000000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 981000000,
          "total_current_assets": 9961000000,
          "total_assets": 157031000000,
          "short_term_debt": 7374000000,
          "long_term_debt": 67148000000,
          "total_debt": 76005000000,
          "total_liabilities": null,
          "total_equity": 37122000000,
          "shares_outstanding": 1127301098,
          "goodwill_and_intangibles": null
        },
        "cash_flow": {
          "operating_cash_flow": 1226000000,
          "capital_expenditure": -2944000000,
          "free_cash_flow": -1718000000,
          "dividends_paid": -776000000,
          "share_repurchases": null,
          "shares_issued": 535000000,
          "net_debt_issued": 2021000000
        }
      },
      {
        "period_end_date": "2026-03-31",
        "period_type": "quarterly",
        "fiscal_year": 2026,
        "fiscal_quarter": 1,
        "currency_reported": "EUR",
        "is_restated": false,
        "income_statement": {
          "revenue": 8397000000,
          "cost_of_revenue": 4495000000,
          "gross_profit": 3902000000,
          "ebit": 2018000000,
          "ebitda": 3924000000,
          "pretax_income": null,
          "tax_provision": null,
          "net_income": 1356000000,
          "net_income_to_common": 1356000000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 981000000,
          "total_current_assets": 9961000000,
          "total_assets": 157031000000,
          "short_term_debt": 7374000000,
          "long_term_debt": 67148000000,
          "total_debt": 76005000000,
          "total_liabilities": null,
          "total_equity": 37122000000,
          "shares_outstanding": 1127301098,
          "goodwill_and_intangibles": null
        },
        "cash_flow": {
          "operating_cash_flow": 1226000000,
          "capital_expenditure": -2944000000,
          "free_cash_flow": -1718000000,
          "dividends_paid": -776000000,
          "share_repurchases": null,
          "shares_issued": 535000000,
          "net_debt_issued": 2021000000
        }
      },
      {
        "period_end_date": "2026-03-31",
        "period_type": "quarterly",
        "fiscal_year": 2026,
        "fiscal_quarter": 1,
        "currency_reported": "EUR",
        "is_restated": false,
        "income_statement": {
          "revenue": 8397000000,
          "cost_of_revenue": 4495000000,
          "gross_profit": 3902000000,
          "ebit": 2018000000,
          "ebitda": 3924000000,
          "pretax_income": null,
          "tax_provision": null,
          "net_income": 1356000000,
          "net_income_to_common": 1356000000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 981000000,
          "total_current_assets": 9961000000,
          "total_assets": 157031000000,
          "short_term_debt": 7374000000,
          "long_term_debt": 67148000000,
          "total_debt": 76005000000,
          "total_liabilities": null,
          "total_equity": 37122000000,
          "shares_outstanding": 1127301098,
          "goodwill_and_intangibles": null
        },
        "cash_flow": {
          "operating_cash_flow": 1226000000,
          "capital_expenditure": -2944000000,
          "free_cash_flow": -1718000000,
          "dividends_paid": -776000000,
          "share_repurchases": null,
          "shares_issued": 535000000,
          "net_debt_issued": 2021000000
        }
      },
      {
        "period_end_date": "2026-03-31",
        "period_type": "quarterly",
        "fiscal_year": 2026,
        "fiscal_quarter": 1,
        "currency_reported": "EUR",
        "is_restated": false,
        "income_statement": {
          "revenue": 8397000000,
          "cost_of_revenue": 4495000000,
          "gross_profit": 3902000000,
          "ebit": 2018000000,
          "ebitda": 3924000000,
          "pretax_income": null,
          "tax_provision": null,
          "net_income": 1356000000,
          "net_income_to_common": 1356000000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 981000000,
          "total_current_assets": 9961000000,
          "total_assets": 157031000000,
          "short_term_debt": 7374000000,
          "long_term_debt": 67148000000,
          "total_debt": 76005000000,
          "total_liabilities": null,
          "total_equity": 37122000000,
          "shares_outstanding": 1127301098,
          "goodwill_and_intangibles": null
        },
        "cash_flow": {
          "operating_cash_flow": 1226000000,
          "capital_expenditure": -2944000000,
          "free_cash_flow": -1718000000,
          "dividends_paid": -776000000,
          "share_repurchases": null,
          "shares_issued": 535000000,
          "net_debt_issued": 2021000000
        }
      },
      {
        "period_end_date": "2026-03-31",
        "period_type": "quarterly",
        "fiscal_year": 2026,
        "fiscal_quarter": 1,
        "currency_reported": "EUR",
        "is_restated": false,
        "income_statement": {
          "revenue": 8397000000,
          "cost_of_revenue": 4495000000,
          "gross_profit": 3902000000,
          "ebit": 2018000000,
          "ebitda": 3924000000,
          "pretax_income": null,
          "tax_provision": null,
          "net_income": 1356000000,
          "net_income_to_common": 1356000000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 981000000,
          "total_current_assets": 9961000000,
          "total_assets": 157031000000,
          "short_term_debt": 7374000000,
          "long_term_debt": 67148000000,
          "total_debt": 76005000000,
          "total_liabilities": null,
          "total_equity": 37122000000,
          "shares_outstanding": 1127301098,
          "goodwill_and_intangibles": null
        },
        "cash_flow": {
          "operating_cash_flow": 1226000000,
          "capital_expenditure": -2944000000,
          "free_cash_flow": -1718000000,
          "dividends_paid": -776000000,
          "share_repurchases": null,
          "shares_issued": 535000000,
          "net_debt_issued": 2021000000
        }
      },
      {
        "period_end_date": "2026-03-31",
        "period_type": "quarterly",
        "fiscal_year": 2026,
        "fiscal_quarter": 1,
        "currency_reported": "EUR",
        "is_restated": false,
        "income_statement": {
          "revenue": 8397000000,
          "cost_of_revenue": 4495000000,
          "gross_profit": 3902000000,
          "ebit": 2018000000,
          "ebitda": 3924000000,
          "pretax_income": null,
          "tax_provision": null,
          "net_income": 1356000000,
          "net_income_to_common": 1356000000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 981000000,
          "total_current_assets": 9961000000,
          "total_assets": 157031000000,
          "short_term_debt": 7374000000,
          "long_term_debt": 67148000000,
          "total_debt": 76005000000,
          "total_liabilities": null,
          "total_equity": 37122000000,
          "shares_outstanding": 1127301098,
          "goodwill_and_intangibles": null
        },
        "cash_flow": {
          "operating_cash_flow": 1226000000,
          "capital_expenditure": -2944000000,
          "free_cash_flow": -1718000000,
          "dividends_paid": -776000000,
          "share_repurchases": null,
          "shares_issued": 535000000,
          "net_debt_issued": 2021000000
        }
      },
      {
        "period_end_date": "2026-03-31",
        "period_type": "quarterly",
        "fiscal_year": 2026,
        "fiscal_quarter": 1,
        "currency_reported": "EUR",
        "is_restated": false,
        "income_statement": {
          "revenue": 8397000000,
          "cost_of_revenue": 4495000000,
          "gross_profit": 3902000000,
          "ebit": 2018000000,
          "ebitda": 3924000000,
          "pretax_income": null,
          "tax_provision": null,
          "net_income": 1356000000,
          "net_income_to_common": 1356000000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 981000000,
          "total_current_assets": 9961000000,
          "total_assets": 157031000000,
          "short_term_debt": 7374000000,
          "long_term_debt": 67148000000,
          "total_debt": 76005000000,
          "total_liabilities": null,
          "total_equity": 37122000000,
          "shares_outstanding": 1127301098,
          "goodwill_and_intangibles": null
        },
        "cash_flow": {
          "operating_cash_flow": 1226000000,
          "capital_expenditure": -2944000000,
          "free_cash_flow": -1718000000,
          "dividends_paid": -776000000,
          "share_repurchases": null,
          "shares_issued": 535000000,
          "net_debt_issued": 2021000000
        }
      },
      {
        "period_end_date": "2025-12-31",
        "period_type": "quarterly",
        "fiscal_year": 2025,
        "fiscal_quarter": 4,
        "currency_reported": "EUR",
        "is_restated": false,
        "income_statement": {
          "revenue": 6981000000,
          "cost_of_revenue": 4191000000,
          "gross_profit": 2790000000,
          "ebit": 917000000,
          "ebitda": 2696000000,
          "pretax_income": null,
          "tax_provision": null,
          "net_income": 416000000,
          "net_income_to_common": 416000000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 1639000000,
          "total_current_assets": 10917000000,
          "total_assets": 155720000000,
          "short_term_debt": 6942000000,
          "long_term_debt": 65649000000,
          "total_debt": 74075000000,
          "total_liabilities": null,
          "total_equity": 36016000000,
          "shares_outstanding": 1119237015,
          "goodwill_and_intangibles": null
        },
        "cash_flow": {
          "operating_cash_flow": 2597000000,
          "capital_expenditure": -4285000000,
          "free_cash_flow": -1688000000,
          "dividends_paid": -761000000,
          "share_repurchases": null,
          "shares_issued": 1533000000,
          "net_debt_issued": -301000000
        }
      }
    ]
  },
  "strategy_matches": [
    {
      "key": "ebitda_ev",
      "name": "EBITDA/EV Value",
      "slug": "ebitda-ev",
      "group": "value",
      "page_url": "/factors/ebitda-ev/"
    },
    {
      "key": "sector_relative",
      "name": "Cheapest in Sector",
      "slug": "sector-relative",
      "group": "value",
      "page_url": "/factors/sector-relative/"
    },
    {
      "key": "capital_allocators",
      "name": "Capital Allocators",
      "slug": "capital-allocators",
      "group": "quality",
      "page_url": "/factors/capital-allocators/"
    },
    {
      "key": "risk_adj_momentum",
      "name": "Price Strength Relative to Volatility",
      "slug": "risk-adj-momentum",
      "group": "momentum",
      "page_url": "/factors/risk-adj-momentum/"
    },
    {
      "key": "shareholder_yield",
      "name": "Shareholder Yield",
      "slug": "shareholder-yield",
      "group": "income",
      "page_url": "/factors/shareholder-yield/"
    },
    {
      "key": "low_volatility",
      "name": "Low Volatility",
      "slug": "low-volatility",
      "group": "defensive",
      "page_url": "/factors/low-volatility/"
    }
  ],
  "coverage": {
    "factor_history_points": 10,
    "annual_financial_periods": 8,
    "quarterly_financial_periods": 12,
    "latest_factor_week": "2026-08-09",
    "latest_financials_period_end": "2026-03-31"
  },
  "schema": {
    "public_fields_only": true
  }
}