{
  "ticker": {
    "uuid": "b1f2e166-906c-455d-a812-b5f0471b77bd",
    "symbol": "IP",
    "name": "International Paper",
    "exchange": "NYSE",
    "exchange_name": "NYSE",
    "country": "US",
    "currency": "USD",
    "sector": "Consumer Cyclical",
    "industry": "Packaging & Containers",
    "page_url": "https://sharemaestro.com/factors/ticker/b1f2e166-906c-455d-a812-b5f0471b77bd/",
    "api_url": "https://sharemaestro.com/factors/api/tickers/b1f2e166-906c-455d-a812-b5f0471b77bd/"
  },
  "latest_snapshot": {
    "ticker": {
      "uuid": "b1f2e166-906c-455d-a812-b5f0471b77bd",
      "symbol": "IP",
      "name": "International Paper",
      "exchange": "NYSE",
      "exchange_name": "NYSE",
      "country": "US",
      "currency": "USD",
      "sector": "Consumer Cyclical",
      "industry": "Packaging & Containers",
      "page_url": "https://sharemaestro.com/factors/ticker/b1f2e166-906c-455d-a812-b5f0471b77bd/",
      "api_url": "https://sharemaestro.com/factors/api/tickers/b1f2e166-906c-455d-a812-b5f0471b77bd/"
    },
    "week_end_date": "2026-07-26",
    "universe": "USD_US",
    "score": {
      "os": 0.39,
      "value": 0.75,
      "quality": 0.11,
      "momentum": 0.14,
      "coverage": 0.909,
      "confidence": 0.871,
      "delta": 4
    },
    "headline_factors": {
      "price": 42.16,
      "market_cap": 22324435623.84,
      "pe_ratio": null,
      "earnings_yield": null,
      "ebitda_to_ev": null,
      "shareholder_yield": 0.0454,
      "roe": -0.2263,
      "piotroski_f_score": 4,
      "momentum_12_1": -0.2702,
      "volatility_252d": 0.4402
    },
    "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": null,
        "earnings_yield": null,
        "fcf_yield": 0.1515,
        "shareholder_yield": 0.0454
      },
      "quality": {
        "roe": -0.2263,
        "roic": -0.091,
        "gross_margin": 0.2783,
        "fcf_margin": 0.1859,
        "piotroski_f_score": 4
      },
      "growth": {
        "revenue_growth_1y": 0.2545,
        "eps_growth_1y": null,
        "fcf_growth_1y": 1.3263
      },
      "momentum": {
        "price_return_12m": -0.2062,
        "momentum_12_1": -0.2702,
        "relative_strength": -0.3745
      },
      "scores": {
        "value_percentile": 0.75,
        "quality_percentile": 0.11,
        "momentum_percentile": 0.14,
        "growth_composite": 20,
        "yield_composite": 13,
        "overall_composite": 61,
        "os_score": 0.39,
        "factor_coverage": 0.909,
        "signal_confidence": 0.871
      }
    }
  },
  "factor_history": [
    {
      "week_end_date": "2026-06-07",
      "price": 33.61,
      "os": 0.45,
      "value": 0.79,
      "quality": 0.14,
      "momentum": 0.12,
      "confidence": 0.909,
      "coverage": 0.909,
      "pe_ratio": null,
      "earnings_yield": null,
      "shareholder_yield": 0.057,
      "roe": -0.2263,
      "momentum_12_1": -0.2794
    },
    {
      "week_end_date": "2026-06-14",
      "price": 36.15,
      "os": 0.46,
      "value": 0.78,
      "quality": 0.13,
      "momentum": 0.17,
      "confidence": 0.909,
      "coverage": 0.909,
      "pe_ratio": null,
      "earnings_yield": null,
      "shareholder_yield": 0.053,
      "roe": -0.2263,
      "momentum_12_1": -0.3188
    },
    {
      "week_end_date": "2026-06-21",
      "price": 36.82,
      "os": 0.42,
      "value": 0.77,
      "quality": 0.13,
      "momentum": 0.13,
      "confidence": 0.909,
      "coverage": 0.909,
      "pe_ratio": null,
      "earnings_yield": null,
      "shareholder_yield": 0.052,
      "roe": -0.2263,
      "momentum_12_1": -0.2842
    },
    {
      "week_end_date": "2026-06-28",
      "price": 38.76,
      "os": 0.46,
      "value": 0.77,
      "quality": 0.14,
      "momentum": 0.2,
      "confidence": 0.909,
      "coverage": 0.909,
      "pe_ratio": null,
      "earnings_yield": null,
      "shareholder_yield": 0.0494,
      "roe": -0.2263,
      "momentum_12_1": -0.2593
    },
    {
      "week_end_date": "2026-07-05",
      "price": 38.79,
      "os": 0.41,
      "value": 0.76,
      "quality": 0.13,
      "momentum": 0.14,
      "confidence": 0.901,
      "coverage": 0.909,
      "pe_ratio": null,
      "earnings_yield": null,
      "shareholder_yield": 0.0494,
      "roe": -0.2263,
      "momentum_12_1": -0.3013
    },
    {
      "week_end_date": "2026-07-12",
      "price": 37.93,
      "os": 0.37,
      "value": 0.77,
      "quality": 0.13,
      "momentum": 0.05,
      "confidence": 0.891,
      "coverage": 0.909,
      "pe_ratio": null,
      "earnings_yield": null,
      "shareholder_yield": 0.0505,
      "roe": -0.2263,
      "momentum_12_1": -0.2769
    },
    {
      "week_end_date": "2026-07-19",
      "price": 37.56,
      "os": 0.43,
      "value": 0.78,
      "quality": 0.12,
      "momentum": 0.13,
      "confidence": 0.881,
      "coverage": 0.909,
      "pe_ratio": null,
      "earnings_yield": null,
      "shareholder_yield": 0.051,
      "roe": -0.2263,
      "momentum_12_1": -0.2334
    },
    {
      "week_end_date": "2026-07-26",
      "price": 42.16,
      "os": 0.39,
      "value": 0.75,
      "quality": 0.11,
      "momentum": 0.14,
      "confidence": 0.871,
      "coverage": 0.909,
      "pe_ratio": null,
      "earnings_yield": null,
      "shareholder_yield": 0.0454,
      "roe": -0.2263,
      "momentum_12_1": -0.2702
    }
  ],
  "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": 24896000000,
          "cost_of_revenue": 17545000000,
          "gross_profit": 7351000000,
          "ebit": -2979000000,
          "ebitda": -138000000,
          "pretax_income": -3351000000,
          "tax_provision": -532000000,
          "net_income": -3516000000,
          "net_income_to_common": -3516000000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 1145000000,
          "total_current_assets": 10106000000,
          "total_assets": 37964000000,
          "short_term_debt": 992000000,
          "long_term_debt": 8839000000,
          "total_debt": 10803000000,
          "total_liabilities": 23137000000,
          "total_equity": 14827000000,
          "shares_outstanding": 528000000,
          "goodwill_and_intangibles": 9369000000
        },
        "cash_flow": {
          "operating_cash_flow": 1698000000,
          "capital_expenditure": 1857000000,
          "free_cash_flow": 3555000000,
          "dividends_paid": 977000000,
          "share_repurchases": -65000000,
          "shares_issued": null,
          "net_debt_issued": 154000000
        }
      },
      {
        "period_end_date": "2025-12-31",
        "period_type": "annual",
        "fiscal_year": 2025,
        "fiscal_quarter": null,
        "currency_reported": "USD",
        "is_restated": false,
        "income_statement": {
          "revenue": 24896000000,
          "cost_of_revenue": 17545000000,
          "gross_profit": 7351000000,
          "ebit": -2979000000,
          "ebitda": -138000000,
          "pretax_income": -3351000000,
          "tax_provision": -532000000,
          "net_income": -3516000000,
          "net_income_to_common": -3516000000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 1145000000,
          "total_current_assets": 10106000000,
          "total_assets": 37964000000,
          "short_term_debt": 992000000,
          "long_term_debt": 8839000000,
          "total_debt": 10803000000,
          "total_liabilities": 23137000000,
          "total_equity": 14827000000,
          "shares_outstanding": 528000000,
          "goodwill_and_intangibles": 9369000000
        },
        "cash_flow": {
          "operating_cash_flow": 1698000000,
          "capital_expenditure": 1857000000,
          "free_cash_flow": 3555000000,
          "dividends_paid": 977000000,
          "share_repurchases": -65000000,
          "shares_issued": null,
          "net_debt_issued": 154000000
        }
      },
      {
        "period_end_date": "2025-12-31",
        "period_type": "annual",
        "fiscal_year": 2025,
        "fiscal_quarter": null,
        "currency_reported": "USD",
        "is_restated": false,
        "income_statement": {
          "revenue": 24896000000,
          "cost_of_revenue": 17545000000,
          "gross_profit": 7351000000,
          "ebit": -2979000000,
          "ebitda": -138000000,
          "pretax_income": -3351000000,
          "tax_provision": -532000000,
          "net_income": -3516000000,
          "net_income_to_common": -3516000000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 1145000000,
          "total_current_assets": 10106000000,
          "total_assets": 37964000000,
          "short_term_debt": 992000000,
          "long_term_debt": 8839000000,
          "total_debt": 10803000000,
          "total_liabilities": 23137000000,
          "total_equity": 14827000000,
          "shares_outstanding": 528000000,
          "goodwill_and_intangibles": 9369000000
        },
        "cash_flow": {
          "operating_cash_flow": 1698000000,
          "capital_expenditure": 1857000000,
          "free_cash_flow": 3555000000,
          "dividends_paid": 977000000,
          "share_repurchases": -65000000,
          "shares_issued": null,
          "net_debt_issued": 154000000
        }
      },
      {
        "period_end_date": "2025-12-31",
        "period_type": "annual",
        "fiscal_year": 2025,
        "fiscal_quarter": null,
        "currency_reported": "USD",
        "is_restated": false,
        "income_statement": {
          "revenue": 24896000000,
          "cost_of_revenue": 17545000000,
          "gross_profit": 7351000000,
          "ebit": -2979000000,
          "ebitda": -138000000,
          "pretax_income": -3351000000,
          "tax_provision": -532000000,
          "net_income": -3516000000,
          "net_income_to_common": -3516000000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 1145000000,
          "total_current_assets": 10106000000,
          "total_assets": 37964000000,
          "short_term_debt": 992000000,
          "long_term_debt": 8839000000,
          "total_debt": 10803000000,
          "total_liabilities": 23137000000,
          "total_equity": 14827000000,
          "shares_outstanding": 528000000,
          "goodwill_and_intangibles": 9369000000
        },
        "cash_flow": {
          "operating_cash_flow": 1698000000,
          "capital_expenditure": 1857000000,
          "free_cash_flow": 3555000000,
          "dividends_paid": 977000000,
          "share_repurchases": -65000000,
          "shares_issued": null,
          "net_debt_issued": 154000000
        }
      },
      {
        "period_end_date": "2025-12-31",
        "period_type": "annual",
        "fiscal_year": 2025,
        "fiscal_quarter": null,
        "currency_reported": "USD",
        "is_restated": false,
        "income_statement": {
          "revenue": 24896000000,
          "cost_of_revenue": 17545000000,
          "gross_profit": 7351000000,
          "ebit": -2979000000,
          "ebitda": -138000000,
          "pretax_income": -3351000000,
          "tax_provision": -532000000,
          "net_income": -3516000000,
          "net_income_to_common": -3516000000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 1145000000,
          "total_current_assets": 10106000000,
          "total_assets": 37964000000,
          "short_term_debt": 992000000,
          "long_term_debt": 8839000000,
          "total_debt": 10803000000,
          "total_liabilities": 23137000000,
          "total_equity": 14827000000,
          "shares_outstanding": 528000000,
          "goodwill_and_intangibles": 9369000000
        },
        "cash_flow": {
          "operating_cash_flow": 1698000000,
          "capital_expenditure": 1857000000,
          "free_cash_flow": 3555000000,
          "dividends_paid": 977000000,
          "share_repurchases": -65000000,
          "shares_issued": null,
          "net_debt_issued": 154000000
        }
      },
      {
        "period_end_date": "2025-12-31",
        "period_type": "annual",
        "fiscal_year": 2025,
        "fiscal_quarter": null,
        "currency_reported": "USD",
        "is_restated": false,
        "income_statement": {
          "revenue": 24896000000,
          "cost_of_revenue": 17545000000,
          "gross_profit": 7351000000,
          "ebit": -2979000000,
          "ebitda": -138000000,
          "pretax_income": -3351000000,
          "tax_provision": -532000000,
          "net_income": -3516000000,
          "net_income_to_common": -3516000000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 1145000000,
          "total_current_assets": 10106000000,
          "total_assets": 37964000000,
          "short_term_debt": 992000000,
          "long_term_debt": 8839000000,
          "total_debt": 10803000000,
          "total_liabilities": 23137000000,
          "total_equity": 14827000000,
          "shares_outstanding": 528000000,
          "goodwill_and_intangibles": 9369000000
        },
        "cash_flow": {
          "operating_cash_flow": 1698000000,
          "capital_expenditure": 1857000000,
          "free_cash_flow": 3555000000,
          "dividends_paid": 977000000,
          "share_repurchases": -65000000,
          "shares_issued": null,
          "net_debt_issued": 154000000
        }
      },
      {
        "period_end_date": "2025-12-31",
        "period_type": "annual",
        "fiscal_year": 2025,
        "fiscal_quarter": null,
        "currency_reported": "USD",
        "is_restated": false,
        "income_statement": {
          "revenue": 24896000000,
          "cost_of_revenue": 17545000000,
          "gross_profit": 7351000000,
          "ebit": -2979000000,
          "ebitda": -138000000,
          "pretax_income": -3351000000,
          "tax_provision": -532000000,
          "net_income": -3516000000,
          "net_income_to_common": -3516000000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 1145000000,
          "total_current_assets": 10106000000,
          "total_assets": 37964000000,
          "short_term_debt": 992000000,
          "long_term_debt": 8839000000,
          "total_debt": 10803000000,
          "total_liabilities": 23137000000,
          "total_equity": 14827000000,
          "shares_outstanding": 528000000,
          "goodwill_and_intangibles": 9369000000
        },
        "cash_flow": {
          "operating_cash_flow": 1698000000,
          "capital_expenditure": 1857000000,
          "free_cash_flow": 3555000000,
          "dividends_paid": 977000000,
          "share_repurchases": -65000000,
          "shares_issued": null,
          "net_debt_issued": 154000000
        }
      },
      {
        "period_end_date": "2024-12-31",
        "period_type": "annual",
        "fiscal_year": 2024,
        "fiscal_quarter": null,
        "currency_reported": "USD",
        "is_restated": false,
        "income_statement": {
          "revenue": 18619000000,
          "cost_of_revenue": 13376000000,
          "gross_profit": 5243000000,
          "ebit": 577000000,
          "ebitda": 1882000000,
          "pretax_income": 142000000,
          "tax_provision": -415000000,
          "net_income": 557000000,
          "net_income_to_common": 557000000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 1170000000,
          "total_current_assets": 6424000000,
          "total_assets": 22800000000,
          "short_term_debt": 193000000,
          "long_term_debt": 5368000000,
          "total_debt": 5853000000,
          "total_liabilities": 14627000000,
          "total_equity": 8173000000,
          "shares_outstanding": 354200000,
          "goodwill_and_intangibles": 3183000000
        },
        "cash_flow": {
          "operating_cash_flow": 1678000000,
          "capital_expenditure": 921000000,
          "free_cash_flow": 2599000000,
          "dividends_paid": 643000000,
          "share_repurchases": -23000000,
          "shares_issued": null,
          "net_debt_issued": -39000000
        }
      }
    ],
    "quarterly": [
      {
        "period_end_date": "2026-03-31",
        "period_type": "quarterly",
        "fiscal_year": 2026,
        "fiscal_quarter": 1,
        "currency_reported": "USD",
        "is_restated": false,
        "income_statement": {
          "revenue": 5971000000,
          "cost_of_revenue": 4733000000,
          "gross_profit": 1238000000,
          "ebit": 169000000,
          "ebitda": 658000000,
          "pretax_income": 93000000,
          "tax_provision": 17000000,
          "net_income": 60000000,
          "net_income_to_common": 60000000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 1236000000,
          "total_current_assets": 8580000000,
          "total_assets": 36434000000,
          "short_term_debt": 918000000,
          "long_term_debt": 8175000000,
          "total_debt": 9543000000,
          "total_liabilities": 21626000000,
          "total_equity": 14808000000,
          "shares_outstanding": 531799999,
          "goodwill_and_intangibles": 9357000000
        },
        "cash_flow": {
          "operating_cash_flow": 611000000,
          "capital_expenditure": 517000000,
          "free_cash_flow": 1128000000,
          "dividends_paid": 245000000,
          "share_repurchases": -30000000,
          "shares_issued": null,
          "net_debt_issued": -660000000
        }
      },
      {
        "period_end_date": "2026-03-31",
        "period_type": "quarterly",
        "fiscal_year": 2026,
        "fiscal_quarter": 1,
        "currency_reported": "USD",
        "is_restated": false,
        "income_statement": {
          "revenue": 5971000000,
          "cost_of_revenue": 4733000000,
          "gross_profit": 1238000000,
          "ebit": 169000000,
          "ebitda": 658000000,
          "pretax_income": 93000000,
          "tax_provision": 17000000,
          "net_income": 60000000,
          "net_income_to_common": 60000000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 1236000000,
          "total_current_assets": 8580000000,
          "total_assets": 36434000000,
          "short_term_debt": 918000000,
          "long_term_debt": 8175000000,
          "total_debt": 9543000000,
          "total_liabilities": 21626000000,
          "total_equity": 14808000000,
          "shares_outstanding": 531799999,
          "goodwill_and_intangibles": 9357000000
        },
        "cash_flow": {
          "operating_cash_flow": 611000000,
          "capital_expenditure": 517000000,
          "free_cash_flow": 1128000000,
          "dividends_paid": 245000000,
          "share_repurchases": -30000000,
          "shares_issued": null,
          "net_debt_issued": -660000000
        }
      },
      {
        "period_end_date": "2026-03-31",
        "period_type": "quarterly",
        "fiscal_year": 2026,
        "fiscal_quarter": 1,
        "currency_reported": "USD",
        "is_restated": false,
        "income_statement": {
          "revenue": 5971000000,
          "cost_of_revenue": 4733000000,
          "gross_profit": 1238000000,
          "ebit": 169000000,
          "ebitda": 658000000,
          "pretax_income": 93000000,
          "tax_provision": 17000000,
          "net_income": 60000000,
          "net_income_to_common": 60000000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 1236000000,
          "total_current_assets": 8580000000,
          "total_assets": 36434000000,
          "short_term_debt": 918000000,
          "long_term_debt": 8175000000,
          "total_debt": 9543000000,
          "total_liabilities": 21626000000,
          "total_equity": 14808000000,
          "shares_outstanding": 531799999,
          "goodwill_and_intangibles": 9357000000
        },
        "cash_flow": {
          "operating_cash_flow": 611000000,
          "capital_expenditure": 517000000,
          "free_cash_flow": 1128000000,
          "dividends_paid": 245000000,
          "share_repurchases": -30000000,
          "shares_issued": null,
          "net_debt_issued": -660000000
        }
      },
      {
        "period_end_date": "2026-03-31",
        "period_type": "quarterly",
        "fiscal_year": 2026,
        "fiscal_quarter": 1,
        "currency_reported": "USD",
        "is_restated": false,
        "income_statement": {
          "revenue": 5971000000,
          "cost_of_revenue": 4733000000,
          "gross_profit": 1238000000,
          "ebit": 169000000,
          "ebitda": 658000000,
          "pretax_income": 93000000,
          "tax_provision": 17000000,
          "net_income": 60000000,
          "net_income_to_common": 60000000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 1236000000,
          "total_current_assets": 8580000000,
          "total_assets": 36434000000,
          "short_term_debt": 918000000,
          "long_term_debt": 8175000000,
          "total_debt": 9543000000,
          "total_liabilities": 21626000000,
          "total_equity": 14808000000,
          "shares_outstanding": 531799999,
          "goodwill_and_intangibles": 9357000000
        },
        "cash_flow": {
          "operating_cash_flow": 611000000,
          "capital_expenditure": 517000000,
          "free_cash_flow": 1128000000,
          "dividends_paid": 245000000,
          "share_repurchases": -30000000,
          "shares_issued": null,
          "net_debt_issued": -660000000
        }
      },
      {
        "period_end_date": "2026-03-31",
        "period_type": "quarterly",
        "fiscal_year": 2026,
        "fiscal_quarter": 1,
        "currency_reported": "USD",
        "is_restated": false,
        "income_statement": {
          "revenue": 5971000000,
          "cost_of_revenue": 4733000000,
          "gross_profit": 1238000000,
          "ebit": 169000000,
          "ebitda": 658000000,
          "pretax_income": 93000000,
          "tax_provision": 17000000,
          "net_income": 60000000,
          "net_income_to_common": 60000000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 1236000000,
          "total_current_assets": 8580000000,
          "total_assets": 36434000000,
          "short_term_debt": 918000000,
          "long_term_debt": 8175000000,
          "total_debt": 9543000000,
          "total_liabilities": 21626000000,
          "total_equity": 14808000000,
          "shares_outstanding": 531799999,
          "goodwill_and_intangibles": 9357000000
        },
        "cash_flow": {
          "operating_cash_flow": 611000000,
          "capital_expenditure": 517000000,
          "free_cash_flow": 1128000000,
          "dividends_paid": 245000000,
          "share_repurchases": -30000000,
          "shares_issued": null,
          "net_debt_issued": -660000000
        }
      },
      {
        "period_end_date": "2026-03-31",
        "period_type": "quarterly",
        "fiscal_year": 2026,
        "fiscal_quarter": 1,
        "currency_reported": "USD",
        "is_restated": false,
        "income_statement": {
          "revenue": 5971000000,
          "cost_of_revenue": 4733000000,
          "gross_profit": 1238000000,
          "ebit": 169000000,
          "ebitda": 658000000,
          "pretax_income": 93000000,
          "tax_provision": 17000000,
          "net_income": 60000000,
          "net_income_to_common": 60000000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 1236000000,
          "total_current_assets": 8580000000,
          "total_assets": 36434000000,
          "short_term_debt": 918000000,
          "long_term_debt": 8175000000,
          "total_debt": 9543000000,
          "total_liabilities": 21626000000,
          "total_equity": 14808000000,
          "shares_outstanding": 531799999,
          "goodwill_and_intangibles": 9357000000
        },
        "cash_flow": {
          "operating_cash_flow": 611000000,
          "capital_expenditure": 517000000,
          "free_cash_flow": 1128000000,
          "dividends_paid": 245000000,
          "share_repurchases": -30000000,
          "shares_issued": null,
          "net_debt_issued": -660000000
        }
      },
      {
        "period_end_date": "2026-03-31",
        "period_type": "quarterly",
        "fiscal_year": 2026,
        "fiscal_quarter": 1,
        "currency_reported": "USD",
        "is_restated": false,
        "income_statement": {
          "revenue": 5971000000,
          "cost_of_revenue": 4733000000,
          "gross_profit": 1238000000,
          "ebit": 174000000,
          "ebitda": 663000000,
          "pretax_income": 93000000,
          "tax_provision": 17000000,
          "net_income": 60000000,
          "net_income_to_common": 60000000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 1236000000,
          "total_current_assets": 8580000000,
          "total_assets": 36434000000,
          "short_term_debt": 918000000,
          "long_term_debt": 8175000000,
          "total_debt": 9543000000,
          "total_liabilities": 21626000000,
          "total_equity": 14808000000,
          "shares_outstanding": 531799999,
          "goodwill_and_intangibles": 9357000000
        },
        "cash_flow": {
          "operating_cash_flow": 611000000,
          "capital_expenditure": 517000000,
          "free_cash_flow": 1128000000,
          "dividends_paid": 245000000,
          "share_repurchases": -30000000,
          "shares_issued": null,
          "net_debt_issued": -660000000
        }
      },
      {
        "period_end_date": "2025-12-31",
        "period_type": "quarterly",
        "fiscal_year": 2025,
        "fiscal_quarter": 4,
        "currency_reported": "USD",
        "is_restated": false,
        "income_statement": {
          "revenue": 6006000000,
          "cost_of_revenue": 4123000000,
          "gross_profit": 1883000000,
          "ebit": -2559000000,
          "ebitda": -1862000000,
          "pretax_income": -2654000000,
          "tax_provision": -291000000,
          "net_income": -2384000000,
          "net_income_to_common": -2384000000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 1145000000,
          "total_current_assets": 10106000000,
          "total_assets": 37964000000,
          "short_term_debt": 992000000,
          "long_term_debt": 8839000000,
          "total_debt": 10803000000,
          "total_liabilities": 23137000000,
          "total_equity": 14827000000,
          "shares_outstanding": 528000000,
          "goodwill_and_intangibles": 9369000000
        },
        "cash_flow": {
          "operating_cash_flow": 905000000,
          "capital_expenditure": 650000000,
          "free_cash_flow": 1555000000,
          "dividends_paid": 244000000,
          "share_repurchases": -1000000,
          "shares_issued": null,
          "net_debt_issued": -75000000
        }
      },
      {
        "period_end_date": "2025-12-31",
        "period_type": "quarterly",
        "fiscal_year": 2025,
        "fiscal_quarter": 4,
        "currency_reported": "USD",
        "is_restated": false,
        "income_statement": {
          "revenue": 6006000000,
          "cost_of_revenue": 4123000000,
          "gross_profit": 1883000000,
          "ebit": -2559000000,
          "ebitda": -1862000000,
          "pretax_income": -2654000000,
          "tax_provision": -291000000,
          "net_income": -2384000000,
          "net_income_to_common": -2384000000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 1145000000,
          "total_current_assets": 10106000000,
          "total_assets": 37964000000,
          "short_term_debt": 992000000,
          "long_term_debt": 8839000000,
          "total_debt": 10803000000,
          "total_liabilities": 23137000000,
          "total_equity": 14827000000,
          "shares_outstanding": 528000000,
          "goodwill_and_intangibles": 9369000000
        },
        "cash_flow": {
          "operating_cash_flow": 905000000,
          "capital_expenditure": 650000000,
          "free_cash_flow": 1555000000,
          "dividends_paid": 244000000,
          "share_repurchases": -1000000,
          "shares_issued": null,
          "net_debt_issued": -75000000
        }
      },
      {
        "period_end_date": "2025-12-31",
        "period_type": "quarterly",
        "fiscal_year": 2025,
        "fiscal_quarter": 4,
        "currency_reported": "USD",
        "is_restated": false,
        "income_statement": {
          "revenue": 6006000000,
          "cost_of_revenue": 4123000000,
          "gross_profit": 1883000000,
          "ebit": -2559000000,
          "ebitda": -1862000000,
          "pretax_income": -2654000000,
          "tax_provision": -291000000,
          "net_income": -2384000000,
          "net_income_to_common": -2384000000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 1145000000,
          "total_current_assets": 10106000000,
          "total_assets": 37964000000,
          "short_term_debt": 992000000,
          "long_term_debt": 8839000000,
          "total_debt": 10803000000,
          "total_liabilities": 23137000000,
          "total_equity": 14827000000,
          "shares_outstanding": 528000000,
          "goodwill_and_intangibles": 9369000000
        },
        "cash_flow": {
          "operating_cash_flow": 905000000,
          "capital_expenditure": 650000000,
          "free_cash_flow": 1555000000,
          "dividends_paid": 244000000,
          "share_repurchases": -1000000,
          "shares_issued": null,
          "net_debt_issued": -75000000
        }
      },
      {
        "period_end_date": "2025-12-31",
        "period_type": "quarterly",
        "fiscal_year": 2025,
        "fiscal_quarter": 4,
        "currency_reported": "USD",
        "is_restated": false,
        "income_statement": {
          "revenue": 6006000000,
          "cost_of_revenue": 4123000000,
          "gross_profit": 1883000000,
          "ebit": -2559000000,
          "ebitda": -1862000000,
          "pretax_income": -2654000000,
          "tax_provision": -291000000,
          "net_income": -2384000000,
          "net_income_to_common": -2384000000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 1145000000,
          "total_current_assets": 10106000000,
          "total_assets": 37964000000,
          "short_term_debt": 992000000,
          "long_term_debt": 8839000000,
          "total_debt": 10803000000,
          "total_liabilities": 23137000000,
          "total_equity": 14827000000,
          "shares_outstanding": 528000000,
          "goodwill_and_intangibles": 9369000000
        },
        "cash_flow": {
          "operating_cash_flow": 905000000,
          "capital_expenditure": 650000000,
          "free_cash_flow": 1555000000,
          "dividends_paid": 244000000,
          "share_repurchases": -1000000,
          "shares_issued": null,
          "net_debt_issued": -75000000
        }
      },
      {
        "period_end_date": "2025-12-31",
        "period_type": "quarterly",
        "fiscal_year": 2025,
        "fiscal_quarter": 4,
        "currency_reported": "USD",
        "is_restated": false,
        "income_statement": {
          "revenue": 6006000000,
          "cost_of_revenue": 4123000000,
          "gross_profit": 1883000000,
          "ebit": -2559000000,
          "ebitda": -1862000000,
          "pretax_income": -2654000000,
          "tax_provision": -291000000,
          "net_income": -2384000000,
          "net_income_to_common": -2384000000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 1145000000,
          "total_current_assets": 10106000000,
          "total_assets": 37964000000,
          "short_term_debt": 992000000,
          "long_term_debt": 8839000000,
          "total_debt": 10803000000,
          "total_liabilities": 23137000000,
          "total_equity": 14827000000,
          "shares_outstanding": 528000000,
          "goodwill_and_intangibles": 9369000000
        },
        "cash_flow": {
          "operating_cash_flow": 905000000,
          "capital_expenditure": 650000000,
          "free_cash_flow": 1555000000,
          "dividends_paid": 244000000,
          "share_repurchases": -1000000,
          "shares_issued": null,
          "net_debt_issued": -75000000
        }
      }
    ]
  },
  "strategy_matches": [
    {
      "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/"
    },
    {
      "key": "high_yield",
      "name": "High Yield",
      "slug": "high-yield",
      "group": "income",
      "page_url": "/factors/high-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
  }
}