{
  "ticker": {
    "uuid": "265ca408-8db5-45ca-8f01-050baf013a1f",
    "symbol": "BAX",
    "name": "Baxter International Inc",
    "exchange": "NYSE",
    "exchange_name": "NYSE",
    "country": "US",
    "currency": "USD",
    "sector": "Healthcare",
    "industry": "Medical Instruments & Supplies",
    "page_url": "https://sharemaestro.com/factors/ticker/265ca408-8db5-45ca-8f01-050baf013a1f/",
    "api_url": "https://sharemaestro.com/factors/api/tickers/265ca408-8db5-45ca-8f01-050baf013a1f/"
  },
  "latest_snapshot": {
    "ticker": {
      "uuid": "265ca408-8db5-45ca-8f01-050baf013a1f",
      "symbol": "BAX",
      "name": "Baxter International Inc",
      "exchange": "NYSE",
      "exchange_name": "NYSE",
      "country": "US",
      "currency": "USD",
      "sector": "Healthcare",
      "industry": "Medical Instruments & Supplies",
      "page_url": "https://sharemaestro.com/factors/ticker/265ca408-8db5-45ca-8f01-050baf013a1f/",
      "api_url": "https://sharemaestro.com/factors/api/tickers/265ca408-8db5-45ca-8f01-050baf013a1f/"
    },
    "week_end_date": "2026-08-02",
    "universe": "USD_US",
    "score": {
      "os": 0.1,
      "value": 0.36,
      "quality": 0.13,
      "momentum": 0.26,
      "coverage": 0.879,
      "confidence": 0.879,
      "delta": 20
    },
    "headline_factors": {
      "price": 26.16,
      "market_cap": 13524615333.84,
      "pe_ratio": null,
      "earnings_yield": null,
      "ebitda_to_ev": 0.0356,
      "shareholder_yield": 0.0056,
      "roe": -0.1713,
      "piotroski_f_score": 4,
      "momentum_12_1": 0.0401,
      "volatility_252d": 0.4576
    },
    "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": null,
        "ev_ebitda": 28.0915,
        "earnings_yield": null,
        "fcf_yield": 0.093,
        "shareholder_yield": 0.0056
      },
      "quality": {
        "roe": -0.1713,
        "roic": -0.0111,
        "gross_margin": 0.3008,
        "fcf_margin": 0.1709,
        "piotroski_f_score": 4
      },
      "growth": {
        "revenue_growth_1y": 0.0536,
        "eps_growth_1y": null,
        "fcf_growth_1y": 0.6374
      },
      "momentum": {
        "price_return_12m": 0.2013,
        "momentum_12_1": 0.0401,
        "relative_strength": -18.6041
      },
      "scores": {
        "value_percentile": 0.36,
        "quality_percentile": 0.13,
        "momentum_percentile": 0.26,
        "growth_composite": 68,
        "yield_composite": 34,
        "overall_composite": 90,
        "os_score": 0.1,
        "factor_coverage": 0.879,
        "signal_confidence": 0.879
      }
    }
  },
  "factor_history": [
    {
      "week_end_date": "2026-06-07",
      "price": 19.38,
      "os": 0.3,
      "value": 0.69,
      "quality": 0.13,
      "momentum": 0.08,
      "confidence": 0.879,
      "coverage": 0.879,
      "pe_ratio": null,
      "earnings_yield": null,
      "shareholder_yield": 0.0075,
      "roe": -0.1817,
      "momentum_12_1": -0.4008
    },
    {
      "week_end_date": "2026-06-14",
      "price": 20.86,
      "os": 0.32,
      "value": 0.68,
      "quality": 0.13,
      "momentum": 0.13,
      "confidence": 0.879,
      "coverage": 0.879,
      "pe_ratio": null,
      "earnings_yield": null,
      "shareholder_yield": 0.007,
      "roe": -0.1817,
      "momentum_12_1": -0.4305
    },
    {
      "week_end_date": "2026-06-21",
      "price": 19.89,
      "os": 0.3,
      "value": 0.69,
      "quality": 0.13,
      "momentum": 0.08,
      "confidence": 0.879,
      "coverage": 0.879,
      "pe_ratio": null,
      "earnings_yield": null,
      "shareholder_yield": 0.0073,
      "roe": -0.1817,
      "momentum_12_1": -0.3554
    },
    {
      "week_end_date": "2026-06-28",
      "price": 22.04,
      "os": 0.32,
      "value": 0.67,
      "quality": 0.14,
      "momentum": 0.15,
      "confidence": 0.879,
      "coverage": 0.879,
      "pe_ratio": null,
      "earnings_yield": null,
      "shareholder_yield": 0.0066,
      "roe": -0.1817,
      "momentum_12_1": -0.3768
    },
    {
      "week_end_date": "2026-07-05",
      "price": 22.65,
      "os": 0.27,
      "value": 0.66,
      "quality": 0.14,
      "momentum": 0.1,
      "confidence": 0.871,
      "coverage": 0.879,
      "pe_ratio": null,
      "earnings_yield": null,
      "shareholder_yield": 0.0064,
      "roe": -0.1817,
      "momentum_12_1": -0.3698
    },
    {
      "week_end_date": "2026-07-12",
      "price": 22.62,
      "os": 0.24,
      "value": 0.66,
      "quality": 0.14,
      "momentum": 0.06,
      "confidence": 0.861,
      "coverage": 0.879,
      "pe_ratio": null,
      "earnings_yield": null,
      "shareholder_yield": 0.0064,
      "roe": -0.1817,
      "momentum_12_1": -0.267
    },
    {
      "week_end_date": "2026-07-19",
      "price": 22.61,
      "os": 0.31,
      "value": 0.67,
      "quality": 0.13,
      "momentum": 0.14,
      "confidence": 0.852,
      "coverage": 0.879,
      "pe_ratio": null,
      "earnings_yield": null,
      "shareholder_yield": 0.0064,
      "roe": -0.1817,
      "momentum_12_1": -0.2777
    },
    {
      "week_end_date": "2026-07-26",
      "price": 22.4,
      "os": 0.3,
      "value": 0.67,
      "quality": 0.13,
      "momentum": 0.14,
      "confidence": 0.842,
      "coverage": 0.879,
      "pe_ratio": null,
      "earnings_yield": null,
      "shareholder_yield": 0.0065,
      "roe": -0.1817,
      "momentum_12_1": -0.2393
    },
    {
      "week_end_date": "2026-08-02",
      "price": 26.16,
      "os": 0.1,
      "value": 0.36,
      "quality": 0.13,
      "momentum": 0.26,
      "confidence": 0.879,
      "coverage": 0.879,
      "pe_ratio": null,
      "earnings_yield": null,
      "shareholder_yield": 0.0056,
      "roe": -0.1713,
      "momentum_12_1": 0.0401
    }
  ],
  "financial_periods": {
    "annual": [
      {
        "period_end_date": "2025-12-31",
        "period_type": "annual",
        "fiscal_year": 2025,
        "fiscal_quarter": null,
        "currency_reported": "USD",
        "is_restated": false,
        "income_statement": {
          "revenue": 11244000000,
          "cost_of_revenue": 7865000000,
          "gross_profit": 3379000000,
          "ebit": -215000000,
          "ebitda": 766000000,
          "pretax_income": -505000000,
          "tax_provision": 395000000,
          "net_income": -957000000,
          "net_income_to_common": -957000000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 1966000000,
          "total_current_assets": 6872000000,
          "total_assets": 20055000000,
          "short_term_debt": 84000000,
          "long_term_debt": 9473000000,
          "total_debt": 10003000000,
          "total_liabilities": 13953000000,
          "total_equity": 6129000000,
          "shares_outstanding": 513000000,
          "goodwill_and_intangibles": 9298000000
        },
        "cash_flow": {
          "operating_cash_flow": 845000000,
          "capital_expenditure": 522000000,
          "free_cash_flow": 1367000000,
          "dividends_paid": 348000000,
          "share_repurchases": null,
          "shares_issued": 30000000,
          "net_debt_issued": -3791000000
        }
      },
      {
        "period_end_date": "2025-12-31",
        "period_type": "annual",
        "fiscal_year": 2025,
        "fiscal_quarter": null,
        "currency_reported": "USD",
        "is_restated": false,
        "income_statement": {
          "revenue": 11244000000,
          "cost_of_revenue": 7865000000,
          "gross_profit": 3379000000,
          "ebit": -215000000,
          "ebitda": 766000000,
          "pretax_income": -505000000,
          "tax_provision": 395000000,
          "net_income": -957000000,
          "net_income_to_common": -957000000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 1966000000,
          "total_current_assets": 6872000000,
          "total_assets": 20055000000,
          "short_term_debt": 84000000,
          "long_term_debt": 9473000000,
          "total_debt": 10003000000,
          "total_liabilities": 13953000000,
          "total_equity": 6129000000,
          "shares_outstanding": 513000000,
          "goodwill_and_intangibles": 9298000000
        },
        "cash_flow": {
          "operating_cash_flow": 845000000,
          "capital_expenditure": 522000000,
          "free_cash_flow": 1367000000,
          "dividends_paid": 348000000,
          "share_repurchases": null,
          "shares_issued": 30000000,
          "net_debt_issued": -3791000000
        }
      },
      {
        "period_end_date": "2025-12-31",
        "period_type": "annual",
        "fiscal_year": 2025,
        "fiscal_quarter": null,
        "currency_reported": "USD",
        "is_restated": false,
        "income_statement": {
          "revenue": 11244000000,
          "cost_of_revenue": 7865000000,
          "gross_profit": 3379000000,
          "ebit": -215000000,
          "ebitda": 766000000,
          "pretax_income": -505000000,
          "tax_provision": 395000000,
          "net_income": -957000000,
          "net_income_to_common": -957000000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 1966000000,
          "total_current_assets": 6872000000,
          "total_assets": 20055000000,
          "short_term_debt": 84000000,
          "long_term_debt": 9473000000,
          "total_debt": 10003000000,
          "total_liabilities": 13953000000,
          "total_equity": 6129000000,
          "shares_outstanding": 513000000,
          "goodwill_and_intangibles": 9298000000
        },
        "cash_flow": {
          "operating_cash_flow": 845000000,
          "capital_expenditure": 522000000,
          "free_cash_flow": 1367000000,
          "dividends_paid": 348000000,
          "share_repurchases": null,
          "shares_issued": 30000000,
          "net_debt_issued": -3791000000
        }
      },
      {
        "period_end_date": "2025-12-31",
        "period_type": "annual",
        "fiscal_year": 2025,
        "fiscal_quarter": null,
        "currency_reported": "USD",
        "is_restated": false,
        "income_statement": {
          "revenue": 11244000000,
          "cost_of_revenue": 7865000000,
          "gross_profit": 3379000000,
          "ebit": -215000000,
          "ebitda": 766000000,
          "pretax_income": -505000000,
          "tax_provision": 395000000,
          "net_income": -957000000,
          "net_income_to_common": -957000000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 1966000000,
          "total_current_assets": 6872000000,
          "total_assets": 20055000000,
          "short_term_debt": 84000000,
          "long_term_debt": 9473000000,
          "total_debt": 10003000000,
          "total_liabilities": 13953000000,
          "total_equity": 6129000000,
          "shares_outstanding": 513000000,
          "goodwill_and_intangibles": 9298000000
        },
        "cash_flow": {
          "operating_cash_flow": 845000000,
          "capital_expenditure": 522000000,
          "free_cash_flow": 1367000000,
          "dividends_paid": 348000000,
          "share_repurchases": null,
          "shares_issued": 30000000,
          "net_debt_issued": -3791000000
        }
      },
      {
        "period_end_date": "2025-12-31",
        "period_type": "annual",
        "fiscal_year": 2025,
        "fiscal_quarter": null,
        "currency_reported": "USD",
        "is_restated": false,
        "income_statement": {
          "revenue": 11244000000,
          "cost_of_revenue": 7865000000,
          "gross_profit": 3379000000,
          "ebit": -215000000,
          "ebitda": 766000000,
          "pretax_income": -505000000,
          "tax_provision": 395000000,
          "net_income": -957000000,
          "net_income_to_common": -957000000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 1966000000,
          "total_current_assets": 6872000000,
          "total_assets": 20055000000,
          "short_term_debt": 84000000,
          "long_term_debt": 9473000000,
          "total_debt": 10003000000,
          "total_liabilities": 13953000000,
          "total_equity": 6129000000,
          "shares_outstanding": 513000000,
          "goodwill_and_intangibles": 9298000000
        },
        "cash_flow": {
          "operating_cash_flow": 845000000,
          "capital_expenditure": 522000000,
          "free_cash_flow": 1367000000,
          "dividends_paid": 348000000,
          "share_repurchases": null,
          "shares_issued": 30000000,
          "net_debt_issued": -3791000000
        }
      },
      {
        "period_end_date": "2025-12-31",
        "period_type": "annual",
        "fiscal_year": 2025,
        "fiscal_quarter": null,
        "currency_reported": "USD",
        "is_restated": false,
        "income_statement": {
          "revenue": 11244000000,
          "cost_of_revenue": 7865000000,
          "gross_profit": 3379000000,
          "ebit": -215000000,
          "ebitda": 766000000,
          "pretax_income": -505000000,
          "tax_provision": 395000000,
          "net_income": -957000000,
          "net_income_to_common": -957000000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 1966000000,
          "total_current_assets": 6872000000,
          "total_assets": 20055000000,
          "short_term_debt": 84000000,
          "long_term_debt": 9473000000,
          "total_debt": 10003000000,
          "total_liabilities": 13953000000,
          "total_equity": 6129000000,
          "shares_outstanding": 513000000,
          "goodwill_and_intangibles": 9298000000
        },
        "cash_flow": {
          "operating_cash_flow": 845000000,
          "capital_expenditure": 522000000,
          "free_cash_flow": 1367000000,
          "dividends_paid": 348000000,
          "share_repurchases": null,
          "shares_issued": 30000000,
          "net_debt_issued": -3791000000
        }
      },
      {
        "period_end_date": "2025-12-31",
        "period_type": "annual",
        "fiscal_year": 2025,
        "fiscal_quarter": null,
        "currency_reported": "USD",
        "is_restated": false,
        "income_statement": {
          "revenue": 11244000000,
          "cost_of_revenue": 7865000000,
          "gross_profit": 3379000000,
          "ebit": -215000000,
          "ebitda": 766000000,
          "pretax_income": -505000000,
          "tax_provision": 395000000,
          "net_income": -957000000,
          "net_income_to_common": -957000000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 1966000000,
          "total_current_assets": 6872000000,
          "total_assets": 20055000000,
          "short_term_debt": 84000000,
          "long_term_debt": 9473000000,
          "total_debt": 10003000000,
          "total_liabilities": 13953000000,
          "total_equity": 6129000000,
          "shares_outstanding": 513000000,
          "goodwill_and_intangibles": 9298000000
        },
        "cash_flow": {
          "operating_cash_flow": 845000000,
          "capital_expenditure": 522000000,
          "free_cash_flow": 1367000000,
          "dividends_paid": 348000000,
          "share_repurchases": null,
          "shares_issued": 30000000,
          "net_debt_issued": -3791000000
        }
      },
      {
        "period_end_date": "2025-12-31",
        "period_type": "annual",
        "fiscal_year": 2025,
        "fiscal_quarter": null,
        "currency_reported": "USD",
        "is_restated": false,
        "income_statement": {
          "revenue": 11244000000,
          "cost_of_revenue": 7865000000,
          "gross_profit": 3379000000,
          "ebit": -215000000,
          "ebitda": 766000000,
          "pretax_income": -505000000,
          "tax_provision": 395000000,
          "net_income": -957000000,
          "net_income_to_common": -957000000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 1966000000,
          "total_current_assets": 6872000000,
          "total_assets": 20055000000,
          "short_term_debt": 84000000,
          "long_term_debt": 9473000000,
          "total_debt": 10003000000,
          "total_liabilities": 13953000000,
          "total_equity": 6129000000,
          "shares_outstanding": 513000000,
          "goodwill_and_intangibles": 9298000000
        },
        "cash_flow": {
          "operating_cash_flow": 845000000,
          "capital_expenditure": 522000000,
          "free_cash_flow": 1367000000,
          "dividends_paid": 348000000,
          "share_repurchases": null,
          "shares_issued": 30000000,
          "net_debt_issued": -3791000000
        }
      }
    ],
    "quarterly": [
      {
        "period_end_date": "2026-06-30",
        "period_type": "quarterly",
        "fiscal_year": 2026,
        "fiscal_quarter": 2,
        "currency_reported": "USD",
        "is_restated": false,
        "income_statement": {
          "revenue": 2960000000,
          "cost_of_revenue": 1928000000,
          "gross_profit": 1032000000,
          "ebit": 235000000,
          "ebitda": 474000000,
          "pretax_income": 158000000,
          "tax_provision": 23000000,
          "net_income": 126000000,
          "net_income_to_common": 126000000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 2150000000,
          "total_current_assets": 6989000000,
          "total_assets": 19791000000,
          "short_term_debt": 844000000,
          "long_term_debt": 8615000000,
          "total_debt": 9667000000,
          "total_liabilities": 13612000000,
          "total_equity": 6206000000,
          "shares_outstanding": 518000000,
          "goodwill_and_intangibles": 8959000000
        },
        "cash_flow": {
          "operating_cash_flow": 285000000,
          "capital_expenditure": 253000000,
          "free_cash_flow": 538000000,
          "dividends_paid": 10000000,
          "share_repurchases": null,
          "shares_issued": 5000000,
          "net_debt_issued": null
        }
      },
      {
        "period_end_date": "2026-03-31",
        "period_type": "quarterly",
        "fiscal_year": 2026,
        "fiscal_quarter": 1,
        "currency_reported": "USD",
        "is_restated": false,
        "income_statement": {
          "revenue": 2701000000,
          "cost_of_revenue": 1810000000,
          "gross_profit": 891000000,
          "ebit": 60000000,
          "ebitda": 297000000,
          "pretax_income": -6000000,
          "tax_provision": 11000000,
          "net_income": -15000000,
          "net_income_to_common": -15000000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 2017000000,
          "total_current_assets": 6847000000,
          "total_assets": 19846000000,
          "short_term_debt": 842000000,
          "long_term_debt": 8621000000,
          "total_debt": 9687000000,
          "total_liabilities": 13830000000,
          "total_equity": 6043000000,
          "shares_outstanding": 515000000,
          "goodwill_and_intangibles": 9117000000
        },
        "cash_flow": {
          "operating_cash_flow": 213000000,
          "capital_expenditure": 137000000,
          "free_cash_flow": 350000000,
          "dividends_paid": 5000000,
          "share_repurchases": null,
          "shares_issued": 8000000,
          "net_debt_issued": null
        }
      },
      {
        "period_end_date": "2026-03-31",
        "period_type": "quarterly",
        "fiscal_year": 2026,
        "fiscal_quarter": 1,
        "currency_reported": "USD",
        "is_restated": false,
        "income_statement": {
          "revenue": 2701000000,
          "cost_of_revenue": 1810000000,
          "gross_profit": 891000000,
          "ebit": 60000000,
          "ebitda": 297000000,
          "pretax_income": -6000000,
          "tax_provision": 11000000,
          "net_income": -15000000,
          "net_income_to_common": -15000000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 2017000000,
          "total_current_assets": 6847000000,
          "total_assets": 19846000000,
          "short_term_debt": 842000000,
          "long_term_debt": 8621000000,
          "total_debt": 9687000000,
          "total_liabilities": 13830000000,
          "total_equity": 6043000000,
          "shares_outstanding": 515000000,
          "goodwill_and_intangibles": 9117000000
        },
        "cash_flow": {
          "operating_cash_flow": 213000000,
          "capital_expenditure": 137000000,
          "free_cash_flow": 350000000,
          "dividends_paid": 5000000,
          "share_repurchases": null,
          "shares_issued": 8000000,
          "net_debt_issued": null
        }
      },
      {
        "period_end_date": "2026-03-31",
        "period_type": "quarterly",
        "fiscal_year": 2026,
        "fiscal_quarter": 1,
        "currency_reported": "USD",
        "is_restated": false,
        "income_statement": {
          "revenue": 2701000000,
          "cost_of_revenue": 1810000000,
          "gross_profit": 891000000,
          "ebit": 60000000,
          "ebitda": 297000000,
          "pretax_income": -6000000,
          "tax_provision": 11000000,
          "net_income": -15000000,
          "net_income_to_common": -15000000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 2017000000,
          "total_current_assets": 6847000000,
          "total_assets": 19846000000,
          "short_term_debt": 842000000,
          "long_term_debt": 8621000000,
          "total_debt": 9687000000,
          "total_liabilities": 13830000000,
          "total_equity": 6043000000,
          "shares_outstanding": 515000000,
          "goodwill_and_intangibles": 9117000000
        },
        "cash_flow": {
          "operating_cash_flow": 213000000,
          "capital_expenditure": 137000000,
          "free_cash_flow": 350000000,
          "dividends_paid": 5000000,
          "share_repurchases": null,
          "shares_issued": 8000000,
          "net_debt_issued": null
        }
      },
      {
        "period_end_date": "2026-03-31",
        "period_type": "quarterly",
        "fiscal_year": 2026,
        "fiscal_quarter": 1,
        "currency_reported": "USD",
        "is_restated": false,
        "income_statement": {
          "revenue": 2701000000,
          "cost_of_revenue": 1810000000,
          "gross_profit": 891000000,
          "ebit": 60000000,
          "ebitda": 297000000,
          "pretax_income": -6000000,
          "tax_provision": 11000000,
          "net_income": -15000000,
          "net_income_to_common": -15000000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 2017000000,
          "total_current_assets": 6847000000,
          "total_assets": 19846000000,
          "short_term_debt": 842000000,
          "long_term_debt": 8621000000,
          "total_debt": 9687000000,
          "total_liabilities": 13830000000,
          "total_equity": 6043000000,
          "shares_outstanding": 515000000,
          "goodwill_and_intangibles": 9117000000
        },
        "cash_flow": {
          "operating_cash_flow": 213000000,
          "capital_expenditure": 137000000,
          "free_cash_flow": 350000000,
          "dividends_paid": 5000000,
          "share_repurchases": null,
          "shares_issued": 8000000,
          "net_debt_issued": null
        }
      },
      {
        "period_end_date": "2026-03-31",
        "period_type": "quarterly",
        "fiscal_year": 2026,
        "fiscal_quarter": 1,
        "currency_reported": "USD",
        "is_restated": false,
        "income_statement": {
          "revenue": 2701000000,
          "cost_of_revenue": 1810000000,
          "gross_profit": 891000000,
          "ebit": 60000000,
          "ebitda": 297000000,
          "pretax_income": -6000000,
          "tax_provision": 11000000,
          "net_income": -15000000,
          "net_income_to_common": -15000000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 2017000000,
          "total_current_assets": 6847000000,
          "total_assets": 19846000000,
          "short_term_debt": 842000000,
          "long_term_debt": 8621000000,
          "total_debt": 9687000000,
          "total_liabilities": 13830000000,
          "total_equity": 6043000000,
          "shares_outstanding": 515000000,
          "goodwill_and_intangibles": 9117000000
        },
        "cash_flow": {
          "operating_cash_flow": 213000000,
          "capital_expenditure": 137000000,
          "free_cash_flow": 350000000,
          "dividends_paid": 5000000,
          "share_repurchases": null,
          "shares_issued": 8000000,
          "net_debt_issued": null
        }
      },
      {
        "period_end_date": "2026-03-31",
        "period_type": "quarterly",
        "fiscal_year": 2026,
        "fiscal_quarter": 1,
        "currency_reported": "USD",
        "is_restated": false,
        "income_statement": {
          "revenue": 2701000000,
          "cost_of_revenue": 1810000000,
          "gross_profit": 891000000,
          "ebit": 60000000,
          "ebitda": 297000000,
          "pretax_income": -6000000,
          "tax_provision": 11000000,
          "net_income": -15000000,
          "net_income_to_common": -15000000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 2017000000,
          "total_current_assets": 6847000000,
          "total_assets": 19846000000,
          "short_term_debt": 842000000,
          "long_term_debt": 8621000000,
          "total_debt": 9687000000,
          "total_liabilities": 13830000000,
          "total_equity": 6043000000,
          "shares_outstanding": 515000000,
          "goodwill_and_intangibles": 9117000000
        },
        "cash_flow": {
          "operating_cash_flow": 213000000,
          "capital_expenditure": 137000000,
          "free_cash_flow": 350000000,
          "dividends_paid": 5000000,
          "share_repurchases": null,
          "shares_issued": 8000000,
          "net_debt_issued": null
        }
      },
      {
        "period_end_date": "2026-03-31",
        "period_type": "quarterly",
        "fiscal_year": 2026,
        "fiscal_quarter": 1,
        "currency_reported": "USD",
        "is_restated": false,
        "income_statement": {
          "revenue": 2701000000,
          "cost_of_revenue": 1810000000,
          "gross_profit": 891000000,
          "ebit": 60000000,
          "ebitda": 297000000,
          "pretax_income": -6000000,
          "tax_provision": 11000000,
          "net_income": -15000000,
          "net_income_to_common": -15000000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 2017000000,
          "total_current_assets": 6847000000,
          "total_assets": 19846000000,
          "short_term_debt": 842000000,
          "long_term_debt": 8621000000,
          "total_debt": 9687000000,
          "total_liabilities": 13830000000,
          "total_equity": 6043000000,
          "shares_outstanding": 515000000,
          "goodwill_and_intangibles": 9117000000
        },
        "cash_flow": {
          "operating_cash_flow": 213000000,
          "capital_expenditure": 137000000,
          "free_cash_flow": 350000000,
          "dividends_paid": 5000000,
          "share_repurchases": null,
          "shares_issued": 8000000,
          "net_debt_issued": null
        }
      },
      {
        "period_end_date": "2026-03-31",
        "period_type": "quarterly",
        "fiscal_year": 2026,
        "fiscal_quarter": 1,
        "currency_reported": "USD",
        "is_restated": false,
        "income_statement": {
          "revenue": 2701000000,
          "cost_of_revenue": 1810000000,
          "gross_profit": 891000000,
          "ebit": 66000000,
          "ebitda": 303000000,
          "pretax_income": -6000000,
          "tax_provision": 11000000,
          "net_income": -15000000,
          "net_income_to_common": -15000000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 2017000000,
          "total_current_assets": 6847000000,
          "total_assets": 19846000000,
          "short_term_debt": 842000000,
          "long_term_debt": 8621000000,
          "total_debt": 9687000000,
          "total_liabilities": 13830000000,
          "total_equity": 6043000000,
          "shares_outstanding": 515000000,
          "goodwill_and_intangibles": 9117000000
        },
        "cash_flow": {
          "operating_cash_flow": 213000000,
          "capital_expenditure": 137000000,
          "free_cash_flow": 350000000,
          "dividends_paid": 5000000,
          "share_repurchases": null,
          "shares_issued": 8000000,
          "net_debt_issued": null
        }
      },
      {
        "period_end_date": "2025-12-31",
        "period_type": "quarterly",
        "fiscal_year": 2025,
        "fiscal_quarter": 4,
        "currency_reported": "USD",
        "is_restated": false,
        "income_statement": {
          "revenue": 2974000000,
          "cost_of_revenue": 2397000000,
          "gross_profit": 577000000,
          "ebit": -687000000,
          "ebitda": -447000000,
          "pretax_income": -756000000,
          "tax_provision": 279000000,
          "net_income": -1128000000,
          "net_income_to_common": -1128000000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 1966000000,
          "total_current_assets": 6872000000,
          "total_assets": 20055000000,
          "short_term_debt": 82000000,
          "long_term_debt": 9473000000,
          "total_debt": 9780000000,
          "total_liabilities": 13953000000,
          "total_equity": 6129000000,
          "shares_outstanding": 514000000,
          "goodwill_and_intangibles": 9298000000
        },
        "cash_flow": {
          "operating_cash_flow": 584000000,
          "capital_expenditure": 140000000,
          "free_cash_flow": 724000000,
          "dividends_paid": 87000000,
          "share_repurchases": null,
          "shares_issued": 5000000,
          "net_debt_issued": -2284000000
        }
      },
      {
        "period_end_date": "2025-12-31",
        "period_type": "quarterly",
        "fiscal_year": 2025,
        "fiscal_quarter": 4,
        "currency_reported": "USD",
        "is_restated": false,
        "income_statement": {
          "revenue": 2974000000,
          "cost_of_revenue": 2397000000,
          "gross_profit": 577000000,
          "ebit": -687000000,
          "ebitda": -447000000,
          "pretax_income": -756000000,
          "tax_provision": 279000000,
          "net_income": -1128000000,
          "net_income_to_common": -1128000000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 1966000000,
          "total_current_assets": 6872000000,
          "total_assets": 20055000000,
          "short_term_debt": 82000000,
          "long_term_debt": 9473000000,
          "total_debt": 9780000000,
          "total_liabilities": 13953000000,
          "total_equity": 6129000000,
          "shares_outstanding": 514000000,
          "goodwill_and_intangibles": 9298000000
        },
        "cash_flow": {
          "operating_cash_flow": 584000000,
          "capital_expenditure": 140000000,
          "free_cash_flow": 724000000,
          "dividends_paid": 87000000,
          "share_repurchases": null,
          "shares_issued": 5000000,
          "net_debt_issued": -2284000000
        }
      },
      {
        "period_end_date": "2025-12-31",
        "period_type": "quarterly",
        "fiscal_year": 2025,
        "fiscal_quarter": 4,
        "currency_reported": "USD",
        "is_restated": false,
        "income_statement": {
          "revenue": 2974000000,
          "cost_of_revenue": 2397000000,
          "gross_profit": 577000000,
          "ebit": -687000000,
          "ebitda": -447000000,
          "pretax_income": -756000000,
          "tax_provision": 279000000,
          "net_income": -1128000000,
          "net_income_to_common": -1128000000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 1966000000,
          "total_current_assets": 6872000000,
          "total_assets": 20055000000,
          "short_term_debt": 82000000,
          "long_term_debt": 9473000000,
          "total_debt": 9780000000,
          "total_liabilities": 13953000000,
          "total_equity": 6129000000,
          "shares_outstanding": 514000000,
          "goodwill_and_intangibles": 9298000000
        },
        "cash_flow": {
          "operating_cash_flow": 584000000,
          "capital_expenditure": 140000000,
          "free_cash_flow": 724000000,
          "dividends_paid": 87000000,
          "share_repurchases": null,
          "shares_issued": 5000000,
          "net_debt_issued": -2284000000
        }
      }
    ]
  },
  "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": "Risk-Adjusted Momentum",
      "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/"
    }
  ],
  "coverage": {
    "factor_history_points": 9,
    "annual_financial_periods": 8,
    "quarterly_financial_periods": 12,
    "latest_factor_week": "2026-08-02",
    "latest_financials_period_end": "2026-06-30"
  },
  "schema": {
    "public_fields_only": true
  }
}