{
  "ticker": {
    "uuid": "59e5f3cf-d4d7-4715-93b7-544ee4382239",
    "symbol": "WAL",
    "name": "Western Alliance Bancorporation",
    "exchange": "NYSE",
    "exchange_name": "NYSE",
    "country": "US",
    "currency": "USD",
    "sector": "Financial Services",
    "industry": "Banks - Regional",
    "page_url": "https://sharemaestro.com/factors/ticker/59e5f3cf-d4d7-4715-93b7-544ee4382239/",
    "api_url": "https://sharemaestro.com/factors/api/tickers/59e5f3cf-d4d7-4715-93b7-544ee4382239/"
  },
  "latest_snapshot": {
    "ticker": {
      "uuid": "59e5f3cf-d4d7-4715-93b7-544ee4382239",
      "symbol": "WAL",
      "name": "Western Alliance Bancorporation",
      "exchange": "NYSE",
      "exchange_name": "NYSE",
      "country": "US",
      "currency": "USD",
      "sector": "Financial Services",
      "industry": "Banks - Regional",
      "page_url": "https://sharemaestro.com/factors/ticker/59e5f3cf-d4d7-4715-93b7-544ee4382239/",
      "api_url": "https://sharemaestro.com/factors/api/tickers/59e5f3cf-d4d7-4715-93b7-544ee4382239/"
    },
    "week_end_date": "2026-07-26",
    "universe": "USD_US",
    "score": {
      "os": 0.6,
      "value": 0.84,
      "quality": 0.17,
      "momentum": 0.29,
      "coverage": 0.97,
      "confidence": 0.97,
      "delta": 3
    },
    "headline_factors": {
      "price": 83.11,
      "market_cap": 9074395269.6,
      "pe_ratio": 9.1624,
      "earnings_yield": 0.1103,
      "ebitda_to_ev": 0.1193,
      "shareholder_yield": 0.0272,
      "roe": 0.1263,
      "piotroski_f_score": 4,
      "momentum_12_1": 0.0185,
      "volatility_252d": 0.3392
    },
    "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": true
    },
    "factor_groups": {
      "valuation": {
        "pe_ratio": 9.1624,
        "ev_ebitda": 8.3791,
        "earnings_yield": 0.1103,
        "fcf_yield": -0.2294,
        "shareholder_yield": 0.0272
      },
      "quality": {
        "roe": 0.1263,
        "roic": 0.1081,
        "gross_margin": 0.5657,
        "fcf_margin": -0.4995,
        "piotroski_f_score": 4
      },
      "growth": {
        "revenue_growth_1y": 0.0094,
        "eps_growth_1y": 0.1704,
        "fcf_growth_1y": null
      },
      "momentum": {
        "price_return_12m": 0.0316,
        "momentum_12_1": 0.0185,
        "relative_strength": -0.1367
      },
      "scores": {
        "value_percentile": 0.84,
        "quality_percentile": 0.17,
        "momentum_percentile": 0.29,
        "growth_composite": 68,
        "yield_composite": 24,
        "overall_composite": 40,
        "os_score": 0.6,
        "factor_coverage": 0.97,
        "signal_confidence": 0.97
      }
    }
  },
  "factor_history": [
    {
      "week_end_date": "2026-06-07",
      "price": 80.15,
      "os": 0.65,
      "value": 0.85,
      "quality": 0.21,
      "momentum": 0.33,
      "confidence": 0.97,
      "coverage": 0.97,
      "pe_ratio": 9.1244,
      "earnings_yield": 0.1564,
      "shareholder_yield": 0.0282,
      "roe": 0.1259,
      "momentum_12_1": 0.1179
    },
    {
      "week_end_date": "2026-06-14",
      "price": 83.67,
      "os": 0.8,
      "value": 0.85,
      "quality": 0.21,
      "momentum": 0.69,
      "confidence": 0.97,
      "coverage": 0.97,
      "pe_ratio": 9.5251,
      "earnings_yield": 0.1489,
      "shareholder_yield": 0.0271,
      "roe": 0.1259,
      "momentum_12_1": 0.0649
    },
    {
      "week_end_date": "2026-06-21",
      "price": 79.91,
      "os": 0.64,
      "value": 0.85,
      "quality": 0.19,
      "momentum": 0.31,
      "confidence": 0.97,
      "coverage": 0.97,
      "pe_ratio": 9.0971,
      "earnings_yield": 0.157,
      "shareholder_yield": 0.0283,
      "roe": 0.1259,
      "momentum_12_1": 0.0919
    },
    {
      "week_end_date": "2026-06-28",
      "price": 82.05,
      "os": 0.79,
      "value": 0.86,
      "quality": 0.21,
      "momentum": 0.64,
      "confidence": 0.97,
      "coverage": 0.97,
      "pe_ratio": 9.3407,
      "earnings_yield": 0.1523,
      "shareholder_yield": 0.0276,
      "roe": 0.1259,
      "momentum_12_1": 0.0468
    },
    {
      "week_end_date": "2026-07-05",
      "price": 81.54,
      "os": 0.62,
      "value": 0.86,
      "quality": 0.21,
      "momentum": 0.25,
      "confidence": 0.961,
      "coverage": 0.97,
      "pe_ratio": 9.2826,
      "earnings_yield": 0.1534,
      "shareholder_yield": 0.0278,
      "roe": 0.1259,
      "momentum_12_1": -0.0393
    },
    {
      "week_end_date": "2026-07-12",
      "price": 80.69,
      "os": 0.59,
      "value": 0.86,
      "quality": 0.21,
      "momentum": 0.19,
      "confidence": 0.951,
      "coverage": 0.97,
      "pe_ratio": 9.1859,
      "earnings_yield": 0.1552,
      "shareholder_yield": 0.0281,
      "roe": 0.1259,
      "momentum_12_1": 0.0102
    },
    {
      "week_end_date": "2026-07-19",
      "price": 82.3,
      "os": 0.63,
      "value": 0.86,
      "quality": 0.21,
      "momentum": 0.27,
      "confidence": 0.94,
      "coverage": 0.97,
      "pe_ratio": 9.3692,
      "earnings_yield": 0.1517,
      "shareholder_yield": 0.0275,
      "roe": 0.1259,
      "momentum_12_1": 0.0034
    },
    {
      "week_end_date": "2026-07-26",
      "price": 83.11,
      "os": 0.6,
      "value": 0.84,
      "quality": 0.17,
      "momentum": 0.29,
      "confidence": 0.97,
      "coverage": 0.97,
      "pe_ratio": 9.1624,
      "earnings_yield": 0.1103,
      "shareholder_yield": 0.0272,
      "roe": 0.1263,
      "momentum_12_1": 0.0185
    }
  ],
  "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": 5275700000,
          "cost_of_revenue": 2052200000,
          "gross_profit": 3223500000,
          "ebit": 1207200000,
          "ebitda": 1337300000,
          "pretax_income": 1207200000,
          "tax_provision": 216600000,
          "net_income": 969000000,
          "net_income_to_common": 969000000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 3596000000,
          "total_current_assets": 13957000000,
          "total_assets": 92774000000,
          "short_term_debt": 3880000000,
          "long_term_debt": 6316000000,
          "total_debt": 6476000000,
          "total_liabilities": 84828000000,
          "total_equity": 7653000000,
          "shares_outstanding": 109500000,
          "goodwill_and_intangibles": 2143000000
        },
        "cash_flow": {
          "operating_cash_flow": -2678900000,
          "capital_expenditure": 114300000,
          "free_cash_flow": -2564600000,
          "dividends_paid": 184800000,
          "share_repurchases": -68100000,
          "shares_issued": 0,
          "net_debt_issued": -855900000
        }
      },
      {
        "period_end_date": "2025-12-31",
        "period_type": "annual",
        "fiscal_year": 2025,
        "fiscal_quarter": null,
        "currency_reported": "USD",
        "is_restated": false,
        "income_statement": {
          "revenue": 5275700000,
          "cost_of_revenue": 2052200000,
          "gross_profit": 3223500000,
          "ebit": 1207200000,
          "ebitda": 1337300000,
          "pretax_income": 1207200000,
          "tax_provision": 216600000,
          "net_income": 969000000,
          "net_income_to_common": 969000000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 3596000000,
          "total_current_assets": 13957000000,
          "total_assets": 92774000000,
          "short_term_debt": 3880000000,
          "long_term_debt": 6316000000,
          "total_debt": 6476000000,
          "total_liabilities": 84828000000,
          "total_equity": 7653000000,
          "shares_outstanding": 109500000,
          "goodwill_and_intangibles": 2143000000
        },
        "cash_flow": {
          "operating_cash_flow": -2678900000,
          "capital_expenditure": 114300000,
          "free_cash_flow": -2564600000,
          "dividends_paid": 184800000,
          "share_repurchases": -68100000,
          "shares_issued": 0,
          "net_debt_issued": -855900000
        }
      },
      {
        "period_end_date": "2025-12-31",
        "period_type": "annual",
        "fiscal_year": 2025,
        "fiscal_quarter": null,
        "currency_reported": "USD",
        "is_restated": false,
        "income_statement": {
          "revenue": 5275700000,
          "cost_of_revenue": 2052200000,
          "gross_profit": 3223500000,
          "ebit": 1207200000,
          "ebitda": 1337300000,
          "pretax_income": 1207200000,
          "tax_provision": 216600000,
          "net_income": 969000000,
          "net_income_to_common": 969000000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 3596000000,
          "total_current_assets": 13957000000,
          "total_assets": 92774000000,
          "short_term_debt": 3880000000,
          "long_term_debt": 6316000000,
          "total_debt": 6476000000,
          "total_liabilities": 84828000000,
          "total_equity": 7653000000,
          "shares_outstanding": 109500000,
          "goodwill_and_intangibles": 2143000000
        },
        "cash_flow": {
          "operating_cash_flow": -2678900000,
          "capital_expenditure": 114300000,
          "free_cash_flow": -2564600000,
          "dividends_paid": 184800000,
          "share_repurchases": -68100000,
          "shares_issued": 0,
          "net_debt_issued": -855900000
        }
      },
      {
        "period_end_date": "2025-12-31",
        "period_type": "annual",
        "fiscal_year": 2025,
        "fiscal_quarter": null,
        "currency_reported": "USD",
        "is_restated": false,
        "income_statement": {
          "revenue": 5275700000,
          "cost_of_revenue": 2052200000,
          "gross_profit": 3223500000,
          "ebit": 1207200000,
          "ebitda": 1337300000,
          "pretax_income": 1207200000,
          "tax_provision": 216600000,
          "net_income": 969000000,
          "net_income_to_common": 969000000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 3596000000,
          "total_current_assets": 13957000000,
          "total_assets": 92774000000,
          "short_term_debt": 3880000000,
          "long_term_debt": 6316000000,
          "total_debt": 6476000000,
          "total_liabilities": 84828000000,
          "total_equity": 7653000000,
          "shares_outstanding": 109500000,
          "goodwill_and_intangibles": 2143000000
        },
        "cash_flow": {
          "operating_cash_flow": -2678900000,
          "capital_expenditure": 114300000,
          "free_cash_flow": -2564600000,
          "dividends_paid": 184800000,
          "share_repurchases": -68100000,
          "shares_issued": 0,
          "net_debt_issued": -855900000
        }
      },
      {
        "period_end_date": "2025-12-31",
        "period_type": "annual",
        "fiscal_year": 2025,
        "fiscal_quarter": null,
        "currency_reported": "USD",
        "is_restated": false,
        "income_statement": {
          "revenue": 5275700000,
          "cost_of_revenue": 2052200000,
          "gross_profit": 3223500000,
          "ebit": 1207200000,
          "ebitda": 1337300000,
          "pretax_income": 1207200000,
          "tax_provision": 216600000,
          "net_income": 969000000,
          "net_income_to_common": 969000000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 3596000000,
          "total_current_assets": 13957000000,
          "total_assets": 92774000000,
          "short_term_debt": 3880000000,
          "long_term_debt": 6316000000,
          "total_debt": 6476000000,
          "total_liabilities": 84828000000,
          "total_equity": 7653000000,
          "shares_outstanding": 109500000,
          "goodwill_and_intangibles": 2143000000
        },
        "cash_flow": {
          "operating_cash_flow": -2678900000,
          "capital_expenditure": 114300000,
          "free_cash_flow": -2564600000,
          "dividends_paid": 184800000,
          "share_repurchases": -68100000,
          "shares_issued": 0,
          "net_debt_issued": -855900000
        }
      },
      {
        "period_end_date": "2025-12-31",
        "period_type": "annual",
        "fiscal_year": 2025,
        "fiscal_quarter": null,
        "currency_reported": "USD",
        "is_restated": false,
        "income_statement": {
          "revenue": 5275700000,
          "cost_of_revenue": 2052200000,
          "gross_profit": 3223500000,
          "ebit": 1207200000,
          "ebitda": 1337300000,
          "pretax_income": 1207200000,
          "tax_provision": 216600000,
          "net_income": 969000000,
          "net_income_to_common": 969000000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 3596000000,
          "total_current_assets": 13957000000,
          "total_assets": 92774000000,
          "short_term_debt": 3880000000,
          "long_term_debt": 6316000000,
          "total_debt": 6476000000,
          "total_liabilities": 84828000000,
          "total_equity": 7653000000,
          "shares_outstanding": 109500000,
          "goodwill_and_intangibles": 2143000000
        },
        "cash_flow": {
          "operating_cash_flow": -2678900000,
          "capital_expenditure": 114300000,
          "free_cash_flow": -2564600000,
          "dividends_paid": 184800000,
          "share_repurchases": null,
          "shares_issued": null,
          "net_debt_issued": null
        }
      },
      {
        "period_end_date": "2025-12-31",
        "period_type": "annual",
        "fiscal_year": 2025,
        "fiscal_quarter": null,
        "currency_reported": "USD",
        "is_restated": false,
        "income_statement": {
          "revenue": 5275700000,
          "cost_of_revenue": 2052200000,
          "gross_profit": 3223500000,
          "ebit": 1207200000,
          "ebitda": 1207200000,
          "pretax_income": 1207200000,
          "tax_provision": 216600000,
          "net_income": 969000000,
          "net_income_to_common": 969000000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 3596000000,
          "total_current_assets": 13957000000,
          "total_assets": 92774000000,
          "short_term_debt": 3880000000,
          "long_term_debt": 6316000000,
          "total_debt": 6476000000,
          "total_liabilities": 84828000000,
          "total_equity": 7653000000,
          "shares_outstanding": 109500000,
          "goodwill_and_intangibles": 2143000000
        },
        "cash_flow": {
          "operating_cash_flow": -2678900000,
          "capital_expenditure": 114300000,
          "free_cash_flow": -2564600000,
          "dividends_paid": 184800000,
          "share_repurchases": -68100000,
          "shares_issued": 0,
          "net_debt_issued": -855900000
        }
      },
      {
        "period_end_date": "2024-12-31",
        "period_type": "annual",
        "fiscal_year": 2024,
        "fiscal_quarter": null,
        "currency_reported": "USD",
        "is_restated": false,
        "income_statement": {
          "revenue": 5016200000,
          "cost_of_revenue": 2068100000,
          "gross_profit": 2948100000,
          "ebit": 991200000,
          "ebitda": 1109700000,
          "pretax_income": 991200000,
          "tax_provision": 203500000,
          "net_income": 787700000,
          "net_income_to_common": 787700000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 4096000000,
          "total_current_assets": 8533000000,
          "total_assets": 80934000000,
          "short_term_debt": 3151000000,
          "long_term_debt": 3321000000,
          "total_debt": 6631000000,
          "total_liabilities": 74227000000,
          "total_equity": 6707000000,
          "shares_outstanding": 109300000,
          "goodwill_and_intangibles": 1786000000
        },
        "cash_flow": {
          "operating_cash_flow": -2742000000,
          "capital_expenditure": 83800000,
          "free_cash_flow": -2658200000,
          "dividends_paid": 176800000,
          "share_repurchases": 0,
          "shares_issued": 100000,
          "net_debt_issued": 1974300000
        }
      }
    ],
    "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": 888499999,
          "cost_of_revenue": 515400000,
          "gross_profit": 373099999,
          "ebit": 332000000,
          "ebitda": 332000000,
          "pretax_income": 332000000,
          "tax_provision": 63200000,
          "net_income": 261700000,
          "net_income_to_common": 261700000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 5936000000,
          "total_current_assets": 26558000000,
          "total_assets": 98701000000,
          "short_term_debt": null,
          "long_term_debt": null,
          "total_debt": 7453000000,
          "total_liabilities": 90566000000,
          "total_equity": 7842000000,
          "shares_outstanding": 109300000,
          "goodwill_and_intangibles": 644000000
        },
        "cash_flow": {
          "operating_cash_flow": null,
          "capital_expenditure": null,
          "free_cash_flow": null,
          "dividends_paid": null,
          "share_repurchases": null,
          "shares_issued": null,
          "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": 1440800000,
          "cost_of_revenue": 635100000,
          "gross_profit": 805700000,
          "ebit": 231300000,
          "ebitda": 265900000,
          "pretax_income": 231300000,
          "tax_provision": 42100000,
          "net_income": 189200000,
          "net_income_to_common": 189200000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 8554000000,
          "total_current_assets": 18496000000,
          "total_assets": 98853000000,
          "short_term_debt": 4524000000,
          "long_term_debt": 2158000000,
          "total_debt": 6836000000,
          "total_liabilities": 90945000000,
          "total_equity": 7615000000,
          "shares_outstanding": 109300000,
          "goodwill_and_intangibles": 2162000000
        },
        "cash_flow": {
          "operating_cash_flow": -507200000,
          "capital_expenditure": 24200000,
          "free_cash_flow": -483000000,
          "dividends_paid": 56400000,
          "share_repurchases": -50300000,
          "shares_issued": null,
          "net_debt_issued": -305900000
        }
      },
      {
        "period_end_date": "2026-03-31",
        "period_type": "quarterly",
        "fiscal_year": 2026,
        "fiscal_quarter": 1,
        "currency_reported": "USD",
        "is_restated": false,
        "income_statement": {
          "revenue": 1440800000,
          "cost_of_revenue": 635100000,
          "gross_profit": 805700000,
          "ebit": 231300000,
          "ebitda": 265900000,
          "pretax_income": 231300000,
          "tax_provision": 42100000,
          "net_income": 189200000,
          "net_income_to_common": 189200000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 8554000000,
          "total_current_assets": 18496000000,
          "total_assets": 98853000000,
          "short_term_debt": 4524000000,
          "long_term_debt": 2158000000,
          "total_debt": 6836000000,
          "total_liabilities": 90945000000,
          "total_equity": 7615000000,
          "shares_outstanding": 109300000,
          "goodwill_and_intangibles": 2162000000
        },
        "cash_flow": {
          "operating_cash_flow": -507200000,
          "capital_expenditure": 24200000,
          "free_cash_flow": -483000000,
          "dividends_paid": 56400000,
          "share_repurchases": -50300000,
          "shares_issued": null,
          "net_debt_issued": -305900000
        }
      },
      {
        "period_end_date": "2026-03-31",
        "period_type": "quarterly",
        "fiscal_year": 2026,
        "fiscal_quarter": 1,
        "currency_reported": "USD",
        "is_restated": false,
        "income_statement": {
          "revenue": 1440800000,
          "cost_of_revenue": 635100000,
          "gross_profit": 805700000,
          "ebit": 231300000,
          "ebitda": 265900000,
          "pretax_income": 231300000,
          "tax_provision": 42100000,
          "net_income": 189200000,
          "net_income_to_common": 189200000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 8554000000,
          "total_current_assets": 18496000000,
          "total_assets": 98853000000,
          "short_term_debt": 4524000000,
          "long_term_debt": 2158000000,
          "total_debt": 6836000000,
          "total_liabilities": 90945000000,
          "total_equity": 7615000000,
          "shares_outstanding": 109300000,
          "goodwill_and_intangibles": 2162000000
        },
        "cash_flow": {
          "operating_cash_flow": -507200000,
          "capital_expenditure": 24200000,
          "free_cash_flow": -483000000,
          "dividends_paid": 56400000,
          "share_repurchases": -50300000,
          "shares_issued": null,
          "net_debt_issued": -305900000
        }
      },
      {
        "period_end_date": "2026-03-31",
        "period_type": "quarterly",
        "fiscal_year": 2026,
        "fiscal_quarter": 1,
        "currency_reported": "USD",
        "is_restated": false,
        "income_statement": {
          "revenue": 1440800000,
          "cost_of_revenue": 635100000,
          "gross_profit": 805700000,
          "ebit": 231300000,
          "ebitda": 265900000,
          "pretax_income": 231300000,
          "tax_provision": 42100000,
          "net_income": 189200000,
          "net_income_to_common": 189200000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 8554000000,
          "total_current_assets": 18496000000,
          "total_assets": 98853000000,
          "short_term_debt": 4524000000,
          "long_term_debt": 2158000000,
          "total_debt": 6836000000,
          "total_liabilities": 90945000000,
          "total_equity": 7615000000,
          "shares_outstanding": 109300000,
          "goodwill_and_intangibles": 2162000000
        },
        "cash_flow": {
          "operating_cash_flow": -507200000,
          "capital_expenditure": 24200000,
          "free_cash_flow": -483000000,
          "dividends_paid": 56400000,
          "share_repurchases": -50300000,
          "shares_issued": null,
          "net_debt_issued": -305900000
        }
      },
      {
        "period_end_date": "2026-03-31",
        "period_type": "quarterly",
        "fiscal_year": 2026,
        "fiscal_quarter": 1,
        "currency_reported": "USD",
        "is_restated": false,
        "income_statement": {
          "revenue": 1440800000,
          "cost_of_revenue": 635100000,
          "gross_profit": 805700000,
          "ebit": 231300000,
          "ebitda": 265900000,
          "pretax_income": 231300000,
          "tax_provision": 42100000,
          "net_income": 189200000,
          "net_income_to_common": 189200000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 8554000000,
          "total_current_assets": 18496000000,
          "total_assets": 98853000000,
          "short_term_debt": 4524000000,
          "long_term_debt": 2158000000,
          "total_debt": 6836000000,
          "total_liabilities": 90945000000,
          "total_equity": 7615000000,
          "shares_outstanding": 109300000,
          "goodwill_and_intangibles": 2162000000
        },
        "cash_flow": {
          "operating_cash_flow": -507200000,
          "capital_expenditure": 24200000,
          "free_cash_flow": -483000000,
          "dividends_paid": 56400000,
          "share_repurchases": -50300000,
          "shares_issued": null,
          "net_debt_issued": -305900000
        }
      },
      {
        "period_end_date": "2026-03-31",
        "period_type": "quarterly",
        "fiscal_year": 2026,
        "fiscal_quarter": 1,
        "currency_reported": "USD",
        "is_restated": false,
        "income_statement": {
          "revenue": 1440800000,
          "cost_of_revenue": 635100000,
          "gross_profit": 805700000,
          "ebit": 231300000,
          "ebitda": 265900000,
          "pretax_income": 231300000,
          "tax_provision": 42100000,
          "net_income": 189200000,
          "net_income_to_common": 189200000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 8554000000,
          "total_current_assets": 18496000000,
          "total_assets": 98853000000,
          "short_term_debt": 4524000000,
          "long_term_debt": 2158000000,
          "total_debt": 6836000000,
          "total_liabilities": 90945000000,
          "total_equity": 7615000000,
          "shares_outstanding": 109300000,
          "goodwill_and_intangibles": 2162000000
        },
        "cash_flow": {
          "operating_cash_flow": -507200000,
          "capital_expenditure": 24200000,
          "free_cash_flow": -483000000,
          "dividends_paid": 56400000,
          "share_repurchases": null,
          "shares_issued": null,
          "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": 1440800000,
          "cost_of_revenue": 635100000,
          "gross_profit": 805700000,
          "ebit": 231300000,
          "ebitda": 231300000,
          "pretax_income": 231300000,
          "tax_provision": 42100000,
          "net_income": 189200000,
          "net_income_to_common": 189200000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 8554000000,
          "total_current_assets": 18496000000,
          "total_assets": 98853000000,
          "short_term_debt": 4524000000,
          "long_term_debt": 2158000000,
          "total_debt": 6836000000,
          "total_liabilities": 90945000000,
          "total_equity": 7615000000,
          "shares_outstanding": 109300000,
          "goodwill_and_intangibles": 2162000000
        },
        "cash_flow": {
          "operating_cash_flow": -507200000,
          "capital_expenditure": 24200000,
          "free_cash_flow": -483000000,
          "dividends_paid": 56400000,
          "share_repurchases": -50300000,
          "shares_issued": null,
          "net_debt_issued": -305900000
        }
      },
      {
        "period_end_date": "2025-12-31",
        "period_type": "quarterly",
        "fiscal_year": 2025,
        "fiscal_quarter": 4,
        "currency_reported": "USD",
        "is_restated": false,
        "income_statement": {
          "revenue": 1406500000,
          "cost_of_revenue": 524200000,
          "gross_profit": 882300000,
          "ebit": 355700000,
          "ebitda": 389000000,
          "pretax_income": 355700000,
          "tax_provision": 62500000,
          "net_income": 286100000,
          "net_income_to_common": 286100000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 3596000000,
          "total_current_assets": 13957000000,
          "total_assets": 92774000000,
          "short_term_debt": 3880000000,
          "long_term_debt": 6316000000,
          "total_debt": 6476000000,
          "total_liabilities": 84828000000,
          "total_equity": 7653000000,
          "shares_outstanding": 109300000,
          "goodwill_and_intangibles": 2143000000
        },
        "cash_flow": {
          "operating_cash_flow": -69800000,
          "capital_expenditure": 48400000,
          "free_cash_flow": -21400000,
          "dividends_paid": 49400000,
          "share_repurchases": -57500000,
          "shares_issued": null,
          "net_debt_issued": -1111400000
        }
      },
      {
        "period_end_date": "2025-12-31",
        "period_type": "quarterly",
        "fiscal_year": 2025,
        "fiscal_quarter": 4,
        "currency_reported": "USD",
        "is_restated": false,
        "income_statement": {
          "revenue": 1406500000,
          "cost_of_revenue": 524200000,
          "gross_profit": 882300000,
          "ebit": 355700000,
          "ebitda": 389000000,
          "pretax_income": 355700000,
          "tax_provision": 62500000,
          "net_income": 286100000,
          "net_income_to_common": 286100000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 3596000000,
          "total_current_assets": 13957000000,
          "total_assets": 92774000000,
          "short_term_debt": 3880000000,
          "long_term_debt": 6316000000,
          "total_debt": 6476000000,
          "total_liabilities": 84828000000,
          "total_equity": 7653000000,
          "shares_outstanding": 109300000,
          "goodwill_and_intangibles": 2143000000
        },
        "cash_flow": {
          "operating_cash_flow": -69800000,
          "capital_expenditure": 48400000,
          "free_cash_flow": -21400000,
          "dividends_paid": 49400000,
          "share_repurchases": -57500000,
          "shares_issued": null,
          "net_debt_issued": -1111400000
        }
      },
      {
        "period_end_date": "2025-12-31",
        "period_type": "quarterly",
        "fiscal_year": 2025,
        "fiscal_quarter": 4,
        "currency_reported": "USD",
        "is_restated": false,
        "income_statement": {
          "revenue": 1406500000,
          "cost_of_revenue": 524200000,
          "gross_profit": 882300000,
          "ebit": 355700000,
          "ebitda": 389000000,
          "pretax_income": 355700000,
          "tax_provision": 62500000,
          "net_income": 286100000,
          "net_income_to_common": 286100000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 3596000000,
          "total_current_assets": 13957000000,
          "total_assets": 92774000000,
          "short_term_debt": 3880000000,
          "long_term_debt": 6316000000,
          "total_debt": 6476000000,
          "total_liabilities": 84828000000,
          "total_equity": 7653000000,
          "shares_outstanding": 109300000,
          "goodwill_and_intangibles": 2143000000
        },
        "cash_flow": {
          "operating_cash_flow": -69800000,
          "capital_expenditure": 48400000,
          "free_cash_flow": -21400000,
          "dividends_paid": 49400000,
          "share_repurchases": -57500000,
          "shares_issued": null,
          "net_debt_issued": -1111400000
        }
      },
      {
        "period_end_date": "2025-12-31",
        "period_type": "quarterly",
        "fiscal_year": 2025,
        "fiscal_quarter": 4,
        "currency_reported": "USD",
        "is_restated": false,
        "income_statement": {
          "revenue": 1406500000,
          "cost_of_revenue": 524200000,
          "gross_profit": 882300000,
          "ebit": 355700000,
          "ebitda": 389000000,
          "pretax_income": 355700000,
          "tax_provision": 62500000,
          "net_income": 286100000,
          "net_income_to_common": 286100000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 3596000000,
          "total_current_assets": 13957000000,
          "total_assets": 92774000000,
          "short_term_debt": 3880000000,
          "long_term_debt": 6316000000,
          "total_debt": 6476000000,
          "total_liabilities": 84828000000,
          "total_equity": 7653000000,
          "shares_outstanding": 109300000,
          "goodwill_and_intangibles": 2143000000
        },
        "cash_flow": {
          "operating_cash_flow": -69800000,
          "capital_expenditure": 48400000,
          "free_cash_flow": -21400000,
          "dividends_paid": 49400000,
          "share_repurchases": -57500000,
          "shares_issued": null,
          "net_debt_issued": -1111400000
        }
      }
    ]
  },
  "strategy_matches": [
    {
      "key": "ebitda_ev",
      "name": "EBITDA/EV Value",
      "slug": "ebitda-ev",
      "group": "value",
      "page_url": "/factors/ebitda-ev/"
    },
    {
      "key": "capital_allocators",
      "name": "Capital Allocators",
      "slug": "capital-allocators",
      "group": "quality",
      "page_url": "/factors/capital-allocators/"
    },
    {
      "key": "consistent_earners",
      "name": "Consistent Earners",
      "slug": "consistent-earners",
      "group": "quality",
      "page_url": "/factors/consistent-earners/"
    },
    {
      "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": 8,
    "annual_financial_periods": 8,
    "quarterly_financial_periods": 12,
    "latest_factor_week": "2026-07-26",
    "latest_financials_period_end": "2025-12-31"
  },
  "schema": {
    "public_fields_only": true
  }
}