{
  "ticker": {
    "uuid": "8addfd68-7c3d-47ea-ac4b-0ae1a957e02d",
    "symbol": "WB2",
    "name": "Westinghouse Air Brake Technologies Corporation",
    "exchange": "GER",
    "exchange_name": "XETRA",
    "country": "DE",
    "currency": "EUR",
    "sector": "Industrials",
    "industry": "Railroads",
    "page_url": "https://sharemaestro.com/factors/ticker/8addfd68-7c3d-47ea-ac4b-0ae1a957e02d/",
    "api_url": "https://sharemaestro.com/factors/api/tickers/8addfd68-7c3d-47ea-ac4b-0ae1a957e02d/"
  },
  "latest_snapshot": {
    "ticker": {
      "uuid": "8addfd68-7c3d-47ea-ac4b-0ae1a957e02d",
      "symbol": "WB2",
      "name": "Westinghouse Air Brake Technologies Corporation",
      "exchange": "GER",
      "exchange_name": "XETRA",
      "country": "DE",
      "currency": "EUR",
      "sector": "Industrials",
      "industry": "Railroads",
      "page_url": "https://sharemaestro.com/factors/ticker/8addfd68-7c3d-47ea-ac4b-0ae1a957e02d/",
      "api_url": "https://sharemaestro.com/factors/api/tickers/8addfd68-7c3d-47ea-ac4b-0ae1a957e02d/"
    },
    "week_end_date": "2026-07-26",
    "universe": "EUR_DE",
    "score": {
      "os": 0.25,
      "value": 0.1,
      "quality": 0.38,
      "momentum": 0.97,
      "coverage": 0.879,
      "confidence": 0.879,
      "delta": 0
    },
    "headline_factors": {
      "price": 264.5,
      "market_cap": 44676920089.5,
      "pe_ratio": 35.2064,
      "earnings_yield": 0.0388,
      "ebitda_to_ev": 0.0492,
      "shareholder_yield": 0.0148,
      "roe": 0.1132,
      "piotroski_f_score": 5,
      "momentum_12_1": 1.4605,
      "volatility_252d": 0.9159
    },
    "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": 35.2064,
        "ev_ebitda": 20.3163,
        "earnings_yield": 0.0388,
        "fcf_yield": 0.0339,
        "shareholder_yield": 0.0148
      },
      "quality": {
        "roe": 0.1132,
        "roic": 0.0861,
        "gross_margin": 0.3497,
        "fcf_margin": 0.1431,
        "piotroski_f_score": 5
      },
      "growth": {
        "revenue_growth_1y": null,
        "eps_growth_1y": null,
        "fcf_growth_1y": null
      },
      "momentum": {
        "price_return_12m": 1.8494,
        "momentum_12_1": 1.4605,
        "relative_strength": 1.8133
      },
      "scores": {
        "value_percentile": 0.1,
        "quality_percentile": 0.38,
        "momentum_percentile": 0.97,
        "growth_composite": 62,
        "yield_composite": 87,
        "overall_composite": 75,
        "os_score": 0.25,
        "factor_coverage": 0.879,
        "signal_confidence": 0.879
      }
    }
  },
  "factor_history": [
    {
      "week_end_date": "2026-06-07",
      "price": 228.4,
      "os": 0.28,
      "value": 0.13,
      "quality": 0.41,
      "momentum": 0.94,
      "confidence": 0.939,
      "coverage": 0.939,
      "pe_ratio": 32.0284,
      "earnings_yield": 0.041,
      "shareholder_yield": 0.0128,
      "roe": 0.109,
      "momentum_12_1": 1.4
    },
    {
      "week_end_date": "2026-06-14",
      "price": 226.4,
      "os": 0.27,
      "value": 0.12,
      "quality": 0.4,
      "momentum": 0.94,
      "confidence": 0.939,
      "coverage": 0.939,
      "pe_ratio": 31.7479,
      "earnings_yield": 0.0413,
      "shareholder_yield": 0.0129,
      "roe": 0.109,
      "momentum_12_1": 1.4
    },
    {
      "week_end_date": "2026-06-21",
      "price": 226.4,
      "os": 0.27,
      "value": 0.13,
      "quality": 0.38,
      "momentum": 0.93,
      "confidence": 0.939,
      "coverage": 0.939,
      "pe_ratio": 31.7479,
      "earnings_yield": 0.0413,
      "shareholder_yield": 0.0129,
      "roe": 0.109,
      "momentum_12_1": 1.4
    },
    {
      "week_end_date": "2026-06-28",
      "price": 226.4,
      "os": 0.28,
      "value": 0.13,
      "quality": 0.39,
      "momentum": 0.95,
      "confidence": 0.939,
      "coverage": 0.939,
      "pe_ratio": 31.7479,
      "earnings_yield": 0.0413,
      "shareholder_yield": 0.0129,
      "roe": 0.109,
      "momentum_12_1": 1.4
    },
    {
      "week_end_date": "2026-07-05",
      "price": 226.4,
      "os": 0.26,
      "value": 0.13,
      "quality": 0.37,
      "momentum": 0.95,
      "confidence": 0.931,
      "coverage": 0.939,
      "pe_ratio": 31.7479,
      "earnings_yield": 0.0413,
      "shareholder_yield": 0.0129,
      "roe": 0.109,
      "momentum_12_1": 1.4
    },
    {
      "week_end_date": "2026-07-12",
      "price": 229.9,
      "os": 0.26,
      "value": 0.13,
      "quality": 0.36,
      "momentum": 0.96,
      "confidence": 0.92,
      "coverage": 0.939,
      "pe_ratio": 32.2387,
      "earnings_yield": 0.0407,
      "shareholder_yield": 0.0127,
      "roe": 0.109,
      "momentum_12_1": 1.3808
    },
    {
      "week_end_date": "2026-07-19",
      "price": 230.7,
      "os": 0.25,
      "value": 0.12,
      "quality": 0.35,
      "momentum": 0.96,
      "confidence": 0.91,
      "coverage": 0.939,
      "pe_ratio": 32.3509,
      "earnings_yield": 0.0406,
      "shareholder_yield": 0.0127,
      "roe": 0.109,
      "momentum_12_1": 1.4109
    },
    {
      "week_end_date": "2026-07-26",
      "price": 264.5,
      "os": 0.25,
      "value": 0.1,
      "quality": 0.38,
      "momentum": 0.97,
      "confidence": 0.879,
      "coverage": 0.879,
      "pe_ratio": 35.2064,
      "earnings_yield": 0.0388,
      "shareholder_yield": 0.0148,
      "roe": 0.1132,
      "momentum_12_1": 1.4605
    }
  ],
  "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": 11167000000,
          "cost_of_revenue": 7361000000,
          "gross_profit": 3806000000,
          "ebit": 1793000000,
          "ebitda": 2274000000,
          "pretax_income": null,
          "tax_provision": null,
          "net_income": 1170000000,
          "net_income_to_common": 1170000000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 764000000,
          "total_current_assets": 5694000000,
          "total_assets": 22069000000,
          "short_term_debt": 1250000000,
          "long_term_debt": 4291000000,
          "total_debt": 5541000000,
          "total_liabilities": null,
          "total_equity": 11142000000,
          "shares_outstanding": 170600000,
          "goodwill_and_intangibles": null
        },
        "cash_flow": {
          "operating_cash_flow": 1759000000,
          "capital_expenditure": -260000000,
          "free_cash_flow": 1499000000,
          "dividends_paid": -173000000,
          "share_repurchases": -223000000,
          "shares_issued": null,
          "net_debt_issued": 1484000000
        }
      },
      {
        "period_end_date": "2025-12-31",
        "period_type": "annual",
        "fiscal_year": 2025,
        "fiscal_quarter": null,
        "currency_reported": "EUR",
        "is_restated": false,
        "income_statement": {
          "revenue": 11167000000,
          "cost_of_revenue": 7361000000,
          "gross_profit": 3806000000,
          "ebit": 1793000000,
          "ebitda": 2274000000,
          "pretax_income": null,
          "tax_provision": null,
          "net_income": 1170000000,
          "net_income_to_common": 1170000000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 764000000,
          "total_current_assets": 5694000000,
          "total_assets": 22069000000,
          "short_term_debt": 1250000000,
          "long_term_debt": 4291000000,
          "total_debt": 5541000000,
          "total_liabilities": null,
          "total_equity": 11142000000,
          "shares_outstanding": 170600000,
          "goodwill_and_intangibles": null
        },
        "cash_flow": {
          "operating_cash_flow": 1759000000,
          "capital_expenditure": -260000000,
          "free_cash_flow": 1499000000,
          "dividends_paid": -173000000,
          "share_repurchases": -223000000,
          "shares_issued": null,
          "net_debt_issued": 1484000000
        }
      },
      {
        "period_end_date": "2025-12-31",
        "period_type": "annual",
        "fiscal_year": 2025,
        "fiscal_quarter": null,
        "currency_reported": "EUR",
        "is_restated": false,
        "income_statement": {
          "revenue": 11167000000,
          "cost_of_revenue": 7361000000,
          "gross_profit": 3806000000,
          "ebit": 1793000000,
          "ebitda": 2274000000,
          "pretax_income": null,
          "tax_provision": null,
          "net_income": 1170000000,
          "net_income_to_common": 1170000000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 764000000,
          "total_current_assets": 5694000000,
          "total_assets": 22069000000,
          "short_term_debt": 1250000000,
          "long_term_debt": 4291000000,
          "total_debt": 5541000000,
          "total_liabilities": null,
          "total_equity": 11142000000,
          "shares_outstanding": 170600000,
          "goodwill_and_intangibles": null
        },
        "cash_flow": {
          "operating_cash_flow": 1759000000,
          "capital_expenditure": -260000000,
          "free_cash_flow": 1499000000,
          "dividends_paid": -173000000,
          "share_repurchases": -223000000,
          "shares_issued": null,
          "net_debt_issued": 1484000000
        }
      },
      {
        "period_end_date": "2025-12-31",
        "period_type": "annual",
        "fiscal_year": 2025,
        "fiscal_quarter": null,
        "currency_reported": "EUR",
        "is_restated": false,
        "income_statement": {
          "revenue": 11167000000,
          "cost_of_revenue": 7361000000,
          "gross_profit": 3806000000,
          "ebit": 1793000000,
          "ebitda": 2274000000,
          "pretax_income": null,
          "tax_provision": null,
          "net_income": 1170000000,
          "net_income_to_common": 1170000000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 764000000,
          "total_current_assets": 5694000000,
          "total_assets": 22069000000,
          "short_term_debt": 1250000000,
          "long_term_debt": 4291000000,
          "total_debt": 5541000000,
          "total_liabilities": null,
          "total_equity": 11142000000,
          "shares_outstanding": 170600000,
          "goodwill_and_intangibles": null
        },
        "cash_flow": {
          "operating_cash_flow": 1759000000,
          "capital_expenditure": -260000000,
          "free_cash_flow": 1499000000,
          "dividends_paid": -173000000,
          "share_repurchases": -223000000,
          "shares_issued": null,
          "net_debt_issued": 1484000000
        }
      },
      {
        "period_end_date": "2025-12-31",
        "period_type": "annual",
        "fiscal_year": 2025,
        "fiscal_quarter": null,
        "currency_reported": "EUR",
        "is_restated": false,
        "income_statement": {
          "revenue": 11167000000,
          "cost_of_revenue": 7361000000,
          "gross_profit": 3806000000,
          "ebit": 1793000000,
          "ebitda": 2274000000,
          "pretax_income": null,
          "tax_provision": null,
          "net_income": 1170000000,
          "net_income_to_common": 1170000000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 764000000,
          "total_current_assets": 5694000000,
          "total_assets": 22069000000,
          "short_term_debt": 1250000000,
          "long_term_debt": 4291000000,
          "total_debt": 5541000000,
          "total_liabilities": null,
          "total_equity": 11142000000,
          "shares_outstanding": 170600000,
          "goodwill_and_intangibles": null
        },
        "cash_flow": {
          "operating_cash_flow": 1759000000,
          "capital_expenditure": -260000000,
          "free_cash_flow": 1499000000,
          "dividends_paid": -173000000,
          "share_repurchases": -223000000,
          "shares_issued": null,
          "net_debt_issued": 1484000000
        }
      },
      {
        "period_end_date": "2025-12-31",
        "period_type": "annual",
        "fiscal_year": 2025,
        "fiscal_quarter": null,
        "currency_reported": "EUR",
        "is_restated": false,
        "income_statement": {
          "revenue": 11167000000,
          "cost_of_revenue": 7361000000,
          "gross_profit": 3806000000,
          "ebit": 1793000000,
          "ebitda": 2274000000,
          "pretax_income": null,
          "tax_provision": null,
          "net_income": 1170000000,
          "net_income_to_common": 1170000000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 764000000,
          "total_current_assets": 5694000000,
          "total_assets": 22069000000,
          "short_term_debt": 1250000000,
          "long_term_debt": 4291000000,
          "total_debt": 5541000000,
          "total_liabilities": null,
          "total_equity": 11142000000,
          "shares_outstanding": 170600000,
          "goodwill_and_intangibles": null
        },
        "cash_flow": {
          "operating_cash_flow": 1759000000,
          "capital_expenditure": -260000000,
          "free_cash_flow": 1499000000,
          "dividends_paid": -173000000,
          "share_repurchases": -223000000,
          "shares_issued": null,
          "net_debt_issued": 1484000000
        }
      },
      {
        "period_end_date": "2025-12-31",
        "period_type": "annual",
        "fiscal_year": 2025,
        "fiscal_quarter": null,
        "currency_reported": "EUR",
        "is_restated": false,
        "income_statement": {
          "revenue": 11167000000,
          "cost_of_revenue": 7361000000,
          "gross_profit": 3806000000,
          "ebit": 1793000000,
          "ebitda": 2274000000,
          "pretax_income": null,
          "tax_provision": null,
          "net_income": 1170000000,
          "net_income_to_common": 1170000000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 764000000,
          "total_current_assets": 5694000000,
          "total_assets": 22069000000,
          "short_term_debt": 1250000000,
          "long_term_debt": 4291000000,
          "total_debt": 5541000000,
          "total_liabilities": null,
          "total_equity": 11142000000,
          "shares_outstanding": 170600000,
          "goodwill_and_intangibles": null
        },
        "cash_flow": {
          "operating_cash_flow": 1759000000,
          "capital_expenditure": -260000000,
          "free_cash_flow": 1499000000,
          "dividends_paid": -173000000,
          "share_repurchases": -223000000,
          "shares_issued": null,
          "net_debt_issued": 1484000000
        }
      },
      {
        "period_end_date": "2024-12-31",
        "period_type": "annual",
        "fiscal_year": 2024,
        "fiscal_quarter": null,
        "currency_reported": "EUR",
        "is_restated": false,
        "income_statement": {
          "revenue": 10387000000,
          "cost_of_revenue": 7021000000,
          "gross_profit": 3366000000,
          "ebit": 1609000000,
          "ebitda": 2070000000,
          "pretax_income": null,
          "tax_provision": null,
          "net_income": 1056000000,
          "net_income_to_common": 1056000000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 715000000,
          "total_current_assets": 4943000000,
          "total_assets": 18702000000,
          "short_term_debt": 500000000,
          "long_term_debt": 3480000000,
          "total_debt": 3980000000,
          "total_liabilities": null,
          "total_equity": 10091000000,
          "shares_outstanding": 171300000,
          "goodwill_and_intangibles": null
        },
        "cash_flow": {
          "operating_cash_flow": 1834000000,
          "capital_expenditure": -207000000,
          "free_cash_flow": 1627000000,
          "dividends_paid": -140000000,
          "share_repurchases": -1097000000,
          "shares_issued": null,
          "net_debt_issued": -64000000
        }
      }
    ],
    "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": 3179000000,
          "cost_of_revenue": 2018000000,
          "gross_profit": 1161000000,
          "ebit": 600000000,
          "ebitda": 731000000,
          "pretax_income": null,
          "tax_provision": null,
          "net_income": 395000000,
          "net_income_to_common": 395000000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 670000000,
          "total_current_assets": 6041000000,
          "total_assets": 23128000000,
          "short_term_debt": 1656000000,
          "long_term_debt": 4915000000,
          "total_debt": 6571000000,
          "total_liabilities": null,
          "total_equity": 11214000000,
          "shares_outstanding": 169100000,
          "goodwill_and_intangibles": null
        },
        "cash_flow": {
          "operating_cash_flow": 441000000,
          "capital_expenditure": -62000000,
          "free_cash_flow": 379000000,
          "dividends_paid": -53000000,
          "share_repurchases": -215000000,
          "shares_issued": null,
          "net_debt_issued": 37000000
        }
      },
      {
        "period_end_date": "2026-03-31",
        "period_type": "quarterly",
        "fiscal_year": 2026,
        "fiscal_quarter": 1,
        "currency_reported": "EUR",
        "is_restated": false,
        "income_statement": {
          "revenue": 2950000000,
          "cost_of_revenue": 1889000000,
          "gross_profit": 1061000000,
          "ebit": 517000000,
          "ebitda": 669000000,
          "pretax_income": null,
          "tax_provision": null,
          "net_income": 362000000,
          "net_income_to_common": 362000000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 531000000,
          "total_current_assets": 5973000000,
          "total_assets": 23196000000,
          "short_term_debt": 1830000000,
          "long_term_debt": 4708000000,
          "total_debt": 6538000000,
          "total_liabilities": null,
          "total_equity": 11103000000,
          "shares_outstanding": 169900000,
          "goodwill_and_intangibles": null
        },
        "cash_flow": {
          "operating_cash_flow": 199000000,
          "capital_expenditure": -46000000,
          "free_cash_flow": 153000000,
          "dividends_paid": -53000000,
          "share_repurchases": -242000000,
          "shares_issued": null,
          "net_debt_issued": 1012000000
        }
      },
      {
        "period_end_date": "2026-03-31",
        "period_type": "quarterly",
        "fiscal_year": 2026,
        "fiscal_quarter": 1,
        "currency_reported": "EUR",
        "is_restated": false,
        "income_statement": {
          "revenue": 2950000000,
          "cost_of_revenue": 1889000000,
          "gross_profit": 1061000000,
          "ebit": 517000000,
          "ebitda": 669000000,
          "pretax_income": null,
          "tax_provision": null,
          "net_income": 362000000,
          "net_income_to_common": 362000000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 531000000,
          "total_current_assets": 5973000000,
          "total_assets": 23196000000,
          "short_term_debt": 1830000000,
          "long_term_debt": 4708000000,
          "total_debt": 6538000000,
          "total_liabilities": null,
          "total_equity": 11103000000,
          "shares_outstanding": 169900000,
          "goodwill_and_intangibles": null
        },
        "cash_flow": {
          "operating_cash_flow": 199000000,
          "capital_expenditure": -46000000,
          "free_cash_flow": 153000000,
          "dividends_paid": -53000000,
          "share_repurchases": -242000000,
          "shares_issued": null,
          "net_debt_issued": 1012000000
        }
      },
      {
        "period_end_date": "2026-03-31",
        "period_type": "quarterly",
        "fiscal_year": 2026,
        "fiscal_quarter": 1,
        "currency_reported": "EUR",
        "is_restated": false,
        "income_statement": {
          "revenue": 2950000000,
          "cost_of_revenue": 1889000000,
          "gross_profit": 1061000000,
          "ebit": 517000000,
          "ebitda": 669000000,
          "pretax_income": null,
          "tax_provision": null,
          "net_income": 362000000,
          "net_income_to_common": 362000000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 531000000,
          "total_current_assets": 5973000000,
          "total_assets": 23196000000,
          "short_term_debt": 1830000000,
          "long_term_debt": 4708000000,
          "total_debt": 6538000000,
          "total_liabilities": null,
          "total_equity": 11103000000,
          "shares_outstanding": 169900000,
          "goodwill_and_intangibles": null
        },
        "cash_flow": {
          "operating_cash_flow": 199000000,
          "capital_expenditure": -46000000,
          "free_cash_flow": 153000000,
          "dividends_paid": -53000000,
          "share_repurchases": -242000000,
          "shares_issued": null,
          "net_debt_issued": 1012000000
        }
      },
      {
        "period_end_date": "2026-03-31",
        "period_type": "quarterly",
        "fiscal_year": 2026,
        "fiscal_quarter": 1,
        "currency_reported": "EUR",
        "is_restated": false,
        "income_statement": {
          "revenue": 2950000000,
          "cost_of_revenue": 1889000000,
          "gross_profit": 1061000000,
          "ebit": 517000000,
          "ebitda": 669000000,
          "pretax_income": null,
          "tax_provision": null,
          "net_income": 362000000,
          "net_income_to_common": 362000000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 531000000,
          "total_current_assets": 5973000000,
          "total_assets": 23196000000,
          "short_term_debt": 1830000000,
          "long_term_debt": 4708000000,
          "total_debt": 6538000000,
          "total_liabilities": null,
          "total_equity": 11103000000,
          "shares_outstanding": 169900000,
          "goodwill_and_intangibles": null
        },
        "cash_flow": {
          "operating_cash_flow": 199000000,
          "capital_expenditure": -46000000,
          "free_cash_flow": 153000000,
          "dividends_paid": -53000000,
          "share_repurchases": -242000000,
          "shares_issued": null,
          "net_debt_issued": 1012000000
        }
      },
      {
        "period_end_date": "2026-03-31",
        "period_type": "quarterly",
        "fiscal_year": 2026,
        "fiscal_quarter": 1,
        "currency_reported": "EUR",
        "is_restated": false,
        "income_statement": {
          "revenue": 2950000000,
          "cost_of_revenue": 1889000000,
          "gross_profit": 1061000000,
          "ebit": 517000000,
          "ebitda": 669000000,
          "pretax_income": null,
          "tax_provision": null,
          "net_income": 362000000,
          "net_income_to_common": 362000000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 531000000,
          "total_current_assets": 5973000000,
          "total_assets": 23196000000,
          "short_term_debt": 1830000000,
          "long_term_debt": 4708000000,
          "total_debt": 6538000000,
          "total_liabilities": null,
          "total_equity": 11103000000,
          "shares_outstanding": 169900000,
          "goodwill_and_intangibles": null
        },
        "cash_flow": {
          "operating_cash_flow": 199000000,
          "capital_expenditure": -46000000,
          "free_cash_flow": 153000000,
          "dividends_paid": -53000000,
          "share_repurchases": -242000000,
          "shares_issued": null,
          "net_debt_issued": 1012000000
        }
      },
      {
        "period_end_date": "2026-03-31",
        "period_type": "quarterly",
        "fiscal_year": 2026,
        "fiscal_quarter": 1,
        "currency_reported": "EUR",
        "is_restated": false,
        "income_statement": {
          "revenue": 2950000000,
          "cost_of_revenue": 1889000000,
          "gross_profit": 1061000000,
          "ebit": 517000000,
          "ebitda": 669000000,
          "pretax_income": null,
          "tax_provision": null,
          "net_income": 362000000,
          "net_income_to_common": 362000000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 531000000,
          "total_current_assets": 5973000000,
          "total_assets": 23196000000,
          "short_term_debt": 1830000000,
          "long_term_debt": 4708000000,
          "total_debt": 6538000000,
          "total_liabilities": null,
          "total_equity": 11103000000,
          "shares_outstanding": 169900000,
          "goodwill_and_intangibles": null
        },
        "cash_flow": {
          "operating_cash_flow": 199000000,
          "capital_expenditure": -46000000,
          "free_cash_flow": 153000000,
          "dividends_paid": -53000000,
          "share_repurchases": -242000000,
          "shares_issued": null,
          "net_debt_issued": 1012000000
        }
      },
      {
        "period_end_date": "2026-03-31",
        "period_type": "quarterly",
        "fiscal_year": 2026,
        "fiscal_quarter": 1,
        "currency_reported": "EUR",
        "is_restated": false,
        "income_statement": {
          "revenue": 2950000000,
          "cost_of_revenue": 1889000000,
          "gross_profit": 1061000000,
          "ebit": 517000000,
          "ebitda": 669000000,
          "pretax_income": null,
          "tax_provision": null,
          "net_income": 362000000,
          "net_income_to_common": 362000000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 531000000,
          "total_current_assets": 5973000000,
          "total_assets": 23196000000,
          "short_term_debt": 1830000000,
          "long_term_debt": 4708000000,
          "total_debt": 6538000000,
          "total_liabilities": null,
          "total_equity": 11103000000,
          "shares_outstanding": 169900000,
          "goodwill_and_intangibles": null
        },
        "cash_flow": {
          "operating_cash_flow": 199000000,
          "capital_expenditure": -46000000,
          "free_cash_flow": 153000000,
          "dividends_paid": -53000000,
          "share_repurchases": -242000000,
          "shares_issued": null,
          "net_debt_issued": 1012000000
        }
      },
      {
        "period_end_date": "2025-12-31",
        "period_type": "quarterly",
        "fiscal_year": 2025,
        "fiscal_quarter": 4,
        "currency_reported": "EUR",
        "is_restated": false,
        "income_statement": {
          "revenue": 2965000000,
          "cost_of_revenue": 1999000000,
          "gross_profit": 966000000,
          "ebit": 356000000,
          "ebitda": 487000000,
          "pretax_income": null,
          "tax_provision": null,
          "net_income": 202000000,
          "net_income_to_common": 202000000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 764000000,
          "total_current_assets": 5694000000,
          "total_assets": 22069000000,
          "short_term_debt": 1250000000,
          "long_term_debt": 4291000000,
          "total_debt": 5541000000,
          "total_liabilities": null,
          "total_equity": 11142000000,
          "shares_outstanding": 170600000,
          "goodwill_and_intangibles": null
        },
        "cash_flow": {
          "operating_cash_flow": 992000000,
          "capital_expenditure": -122000000,
          "free_cash_flow": 870000000,
          "dividends_paid": -43000000,
          "share_repurchases": -75000000,
          "shares_issued": null,
          "net_debt_issued": 249000000
        }
      },
      {
        "period_end_date": "2025-12-31",
        "period_type": "quarterly",
        "fiscal_year": 2025,
        "fiscal_quarter": 4,
        "currency_reported": "EUR",
        "is_restated": false,
        "income_statement": {
          "revenue": 2965000000,
          "cost_of_revenue": 1999000000,
          "gross_profit": 966000000,
          "ebit": 356000000,
          "ebitda": 487000000,
          "pretax_income": null,
          "tax_provision": null,
          "net_income": 202000000,
          "net_income_to_common": 202000000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 764000000,
          "total_current_assets": 5694000000,
          "total_assets": 22069000000,
          "short_term_debt": 1250000000,
          "long_term_debt": 4291000000,
          "total_debt": 5541000000,
          "total_liabilities": null,
          "total_equity": 11142000000,
          "shares_outstanding": 170600000,
          "goodwill_and_intangibles": null
        },
        "cash_flow": {
          "operating_cash_flow": 992000000,
          "capital_expenditure": -122000000,
          "free_cash_flow": 870000000,
          "dividends_paid": -43000000,
          "share_repurchases": -75000000,
          "shares_issued": null,
          "net_debt_issued": 249000000
        }
      },
      {
        "period_end_date": "2025-12-31",
        "period_type": "quarterly",
        "fiscal_year": 2025,
        "fiscal_quarter": 4,
        "currency_reported": "EUR",
        "is_restated": false,
        "income_statement": {
          "revenue": 2965000000,
          "cost_of_revenue": 1999000000,
          "gross_profit": 966000000,
          "ebit": 356000000,
          "ebitda": 487000000,
          "pretax_income": null,
          "tax_provision": null,
          "net_income": 202000000,
          "net_income_to_common": 202000000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 764000000,
          "total_current_assets": 5694000000,
          "total_assets": 22069000000,
          "short_term_debt": 1250000000,
          "long_term_debt": 4291000000,
          "total_debt": 5541000000,
          "total_liabilities": null,
          "total_equity": 11142000000,
          "shares_outstanding": 170600000,
          "goodwill_and_intangibles": null
        },
        "cash_flow": {
          "operating_cash_flow": 992000000,
          "capital_expenditure": -122000000,
          "free_cash_flow": 870000000,
          "dividends_paid": -43000000,
          "share_repurchases": -75000000,
          "shares_issued": null,
          "net_debt_issued": 249000000
        }
      },
      {
        "period_end_date": "2025-12-31",
        "period_type": "quarterly",
        "fiscal_year": 2025,
        "fiscal_quarter": 4,
        "currency_reported": "EUR",
        "is_restated": false,
        "income_statement": {
          "revenue": 2965000000,
          "cost_of_revenue": 1999000000,
          "gross_profit": 966000000,
          "ebit": 356000000,
          "ebitda": 487000000,
          "pretax_income": null,
          "tax_provision": null,
          "net_income": 202000000,
          "net_income_to_common": 202000000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 764000000,
          "total_current_assets": 5694000000,
          "total_assets": 22069000000,
          "short_term_debt": 1250000000,
          "long_term_debt": 4291000000,
          "total_debt": 5541000000,
          "total_liabilities": null,
          "total_equity": 11142000000,
          "shares_outstanding": 170600000,
          "goodwill_and_intangibles": null
        },
        "cash_flow": {
          "operating_cash_flow": 992000000,
          "capital_expenditure": -122000000,
          "free_cash_flow": 870000000,
          "dividends_paid": -43000000,
          "share_repurchases": -75000000,
          "shares_issued": null,
          "net_debt_issued": 249000000
        }
      }
    ]
  },
  "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": 8,
    "annual_financial_periods": 8,
    "quarterly_financial_periods": 12,
    "latest_factor_week": "2026-07-26",
    "latest_financials_period_end": "2026-03-31"
  },
  "schema": {
    "public_fields_only": true
  }
}