{
  "ticker": {
    "uuid": "e5de06c2-4e38-4068-aedc-78331864c1bf",
    "symbol": "IBM",
    "name": "International Business Machines Corporation",
    "exchange": "GER",
    "exchange_name": "XETRA",
    "country": "DE",
    "currency": "EUR",
    "sector": "Technology",
    "industry": "Information Technology Services",
    "page_url": "https://sharemaestro.com/factors/ticker/e5de06c2-4e38-4068-aedc-78331864c1bf/",
    "api_url": "https://sharemaestro.com/factors/api/tickers/e5de06c2-4e38-4068-aedc-78331864c1bf/"
  },
  "latest_snapshot": {
    "ticker": {
      "uuid": "e5de06c2-4e38-4068-aedc-78331864c1bf",
      "symbol": "IBM",
      "name": "International Business Machines Corporation",
      "exchange": "GER",
      "exchange_name": "XETRA",
      "country": "DE",
      "currency": "EUR",
      "sector": "Technology",
      "industry": "Information Technology Services",
      "page_url": "https://sharemaestro.com/factors/ticker/e5de06c2-4e38-4068-aedc-78331864c1bf/",
      "api_url": "https://sharemaestro.com/factors/api/tickers/e5de06c2-4e38-4068-aedc-78331864c1bf/"
    },
    "week_end_date": "2026-08-09",
    "universe": "EUR_DE",
    "score": {
      "os": 0.23,
      "value": 0.24,
      "quality": 0.63,
      "momentum": 0.41,
      "coverage": 0.909,
      "confidence": 0.851,
      "delta": 0
    },
    "headline_factors": {
      "price": 203.3,
      "market_cap": 191535924313.4,
      "pe_ratio": 17.8107,
      "earnings_yield": 0.0517,
      "ebitda_to_ev": 0.0703,
      "shareholder_yield": 0.0237,
      "roe": 0.3261,
      "piotroski_f_score": 6,
      "momentum_12_1": 0.2384,
      "volatility_252d": 0.4955
    },
    "strategy_flags": {
      "market_leader": true,
      "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": 17.8107,
        "ev_ebitda": 14.216,
        "earnings_yield": 0.0517,
        "fcf_yield": 0.0489,
        "shareholder_yield": 0.0237
      },
      "quality": {
        "roe": 0.3261,
        "roic": 0.1056,
        "gross_margin": 0.5836,
        "fcf_margin": 0.1779,
        "piotroski_f_score": 6
      },
      "growth": {
        "revenue_growth_1y": 0.0762,
        "eps_growth_1y": 0.7387,
        "fcf_growth_1y": -0.0259
      },
      "momentum": {
        "price_return_12m": -0.0109,
        "momentum_12_1": 0.2384,
        "relative_strength": -0.1002
      },
      "scores": {
        "value_percentile": 0.24,
        "quality_percentile": 0.63,
        "momentum_percentile": 0.41,
        "growth_composite": 10,
        "yield_composite": 65,
        "overall_composite": 77,
        "os_score": 0.23,
        "factor_coverage": 0.909,
        "signal_confidence": 0.851
      }
    }
  },
  "factor_history": [
    {
      "week_end_date": "2026-06-07",
      "price": 248.1,
      "os": 0.13,
      "value": 0.15,
      "quality": 0.64,
      "momentum": 0.36,
      "confidence": 0.939,
      "coverage": 0.939,
      "pe_ratio": 21.6836,
      "earnings_yield": 0.0443,
      "shareholder_yield": 0.0255,
      "roe": 0.3261,
      "momentum_12_1": -0.1499
    },
    {
      "week_end_date": "2026-06-14",
      "price": 237.1,
      "os": 0.13,
      "value": 0.17,
      "quality": 0.64,
      "momentum": 0.31,
      "confidence": 0.939,
      "coverage": 0.939,
      "pe_ratio": 20.7222,
      "earnings_yield": 0.0459,
      "shareholder_yield": 0.0267,
      "roe": 0.3261,
      "momentum_12_1": -0.1993
    },
    {
      "week_end_date": "2026-06-21",
      "price": 216.35,
      "os": 0.14,
      "value": 0.21,
      "quality": 0.6,
      "momentum": 0.25,
      "confidence": 0.939,
      "coverage": 0.939,
      "pe_ratio": 18.9087,
      "earnings_yield": 0.0493,
      "shareholder_yield": 0.0292,
      "roe": 0.3261,
      "momentum_12_1": -0.0723
    },
    {
      "week_end_date": "2026-06-28",
      "price": 238,
      "os": 0.15,
      "value": 0.16,
      "quality": 0.64,
      "momentum": 0.36,
      "confidence": 0.939,
      "coverage": 0.939,
      "pe_ratio": 20.8009,
      "earnings_yield": 0.0458,
      "shareholder_yield": 0.0266,
      "roe": 0.3261,
      "momentum_12_1": 0.0359
    },
    {
      "week_end_date": "2026-07-05",
      "price": 250.85,
      "os": 0.16,
      "value": 0.15,
      "quality": 0.67,
      "momentum": 0.39,
      "confidence": 0.931,
      "coverage": 0.939,
      "pe_ratio": 21.924,
      "earnings_yield": 0.0439,
      "shareholder_yield": 0.0252,
      "roe": 0.3261,
      "momentum_12_1": 0.028
    },
    {
      "week_end_date": "2026-07-12",
      "price": 254.55,
      "os": 0.15,
      "value": 0.14,
      "quality": 0.64,
      "momentum": 0.4,
      "confidence": 0.92,
      "coverage": 0.939,
      "pe_ratio": 22.2473,
      "earnings_yield": 0.0434,
      "shareholder_yield": 0.0249,
      "roe": 0.3261,
      "momentum_12_1": -0.0011
    },
    {
      "week_end_date": "2026-07-19",
      "price": 184.76,
      "os": 0.17,
      "value": 0.27,
      "quality": 0.64,
      "momentum": 0.19,
      "confidence": 0.91,
      "coverage": 0.939,
      "pe_ratio": 16.1478,
      "earnings_yield": 0.0556,
      "shareholder_yield": 0.0343,
      "roe": 0.3261,
      "momentum_12_1": -0.0935
    },
    {
      "week_end_date": "2026-07-26",
      "price": 188,
      "os": 0.23,
      "value": 0.27,
      "quality": 0.65,
      "momentum": 0.32,
      "confidence": 0.879,
      "coverage": 0.879,
      "pe_ratio": 16.5148,
      "earnings_yield": 0.054,
      "shareholder_yield": 0.0333,
      "roe": 0.3113,
      "momentum_12_1": 0.1177
    },
    {
      "week_end_date": "2026-08-02",
      "price": 190.2,
      "os": 0.23,
      "value": 0.26,
      "quality": 0.65,
      "momentum": 0.34,
      "confidence": 0.861,
      "coverage": 0.909,
      "pe_ratio": 16.663,
      "earnings_yield": 0.0543,
      "shareholder_yield": 0.033,
      "roe": 0.3261,
      "momentum_12_1": 0.2095
    },
    {
      "week_end_date": "2026-08-09",
      "price": 203.3,
      "os": 0.23,
      "value": 0.24,
      "quality": 0.63,
      "momentum": 0.41,
      "confidence": 0.851,
      "coverage": 0.909,
      "pe_ratio": 17.8107,
      "earnings_yield": 0.0517,
      "shareholder_yield": 0.0237,
      "roe": 0.3261,
      "momentum_12_1": 0.2384
    }
  ],
  "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": 67536000000,
          "cost_of_revenue": 28239000000,
          "gross_profit": 39297000000,
          "ebit": 12492000000,
          "ebitda": 17284000000,
          "pretax_income": null,
          "tax_provision": null,
          "net_income": 10593000000,
          "net_income_to_common": 10593000000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 13587000000,
          "total_current_assets": 36944000000,
          "total_assets": 151880000000,
          "short_term_debt": 6424000000,
          "long_term_debt": 54836000000,
          "total_debt": 64607000000,
          "total_liabilities": null,
          "total_equity": 32648000000,
          "shares_outstanding": 936952129,
          "goodwill_and_intangibles": null
        },
        "cash_flow": {
          "operating_cash_flow": 13193000000,
          "capital_expenditure": -1738000000,
          "free_cash_flow": 11455000000,
          "dividends_paid": -6255000000,
          "share_repurchases": -1018000000,
          "shares_issued": 710000000,
          "net_debt_issued": 2902000000
        }
      },
      {
        "period_end_date": "2025-12-31",
        "period_type": "annual",
        "fiscal_year": 2025,
        "fiscal_quarter": null,
        "currency_reported": "EUR",
        "is_restated": false,
        "income_statement": {
          "revenue": 67536000000,
          "cost_of_revenue": 28239000000,
          "gross_profit": 39297000000,
          "ebit": 12492000000,
          "ebitda": 17284000000,
          "pretax_income": null,
          "tax_provision": null,
          "net_income": 10593000000,
          "net_income_to_common": 10593000000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 13587000000,
          "total_current_assets": 36944000000,
          "total_assets": 151880000000,
          "short_term_debt": 6424000000,
          "long_term_debt": 54836000000,
          "total_debt": 64607000000,
          "total_liabilities": null,
          "total_equity": 32648000000,
          "shares_outstanding": 936952129,
          "goodwill_and_intangibles": null
        },
        "cash_flow": {
          "operating_cash_flow": 13193000000,
          "capital_expenditure": -1738000000,
          "free_cash_flow": 11455000000,
          "dividends_paid": -6255000000,
          "share_repurchases": -1018000000,
          "shares_issued": 710000000,
          "net_debt_issued": 2902000000
        }
      },
      {
        "period_end_date": "2025-12-31",
        "period_type": "annual",
        "fiscal_year": 2025,
        "fiscal_quarter": null,
        "currency_reported": "EUR",
        "is_restated": false,
        "income_statement": {
          "revenue": 67536000000,
          "cost_of_revenue": 28239000000,
          "gross_profit": 39297000000,
          "ebit": 12492000000,
          "ebitda": 17284000000,
          "pretax_income": null,
          "tax_provision": null,
          "net_income": 10593000000,
          "net_income_to_common": 10593000000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 13587000000,
          "total_current_assets": 36944000000,
          "total_assets": 151880000000,
          "short_term_debt": 6424000000,
          "long_term_debt": 54836000000,
          "total_debt": 64607000000,
          "total_liabilities": null,
          "total_equity": 32648000000,
          "shares_outstanding": 936952129,
          "goodwill_and_intangibles": null
        },
        "cash_flow": {
          "operating_cash_flow": 13193000000,
          "capital_expenditure": -1738000000,
          "free_cash_flow": 11455000000,
          "dividends_paid": -6255000000,
          "share_repurchases": -1018000000,
          "shares_issued": 710000000,
          "net_debt_issued": 2902000000
        }
      },
      {
        "period_end_date": "2025-12-31",
        "period_type": "annual",
        "fiscal_year": 2025,
        "fiscal_quarter": null,
        "currency_reported": "EUR",
        "is_restated": false,
        "income_statement": {
          "revenue": 67536000000,
          "cost_of_revenue": 28239000000,
          "gross_profit": 39297000000,
          "ebit": 12492000000,
          "ebitda": 17284000000,
          "pretax_income": null,
          "tax_provision": null,
          "net_income": 10593000000,
          "net_income_to_common": 10593000000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 13587000000,
          "total_current_assets": 36944000000,
          "total_assets": 151880000000,
          "short_term_debt": 6424000000,
          "long_term_debt": 54836000000,
          "total_debt": 64607000000,
          "total_liabilities": null,
          "total_equity": 32648000000,
          "shares_outstanding": 936952129,
          "goodwill_and_intangibles": null
        },
        "cash_flow": {
          "operating_cash_flow": 13193000000,
          "capital_expenditure": -1738000000,
          "free_cash_flow": 11455000000,
          "dividends_paid": -6255000000,
          "share_repurchases": -1018000000,
          "shares_issued": 710000000,
          "net_debt_issued": 2902000000
        }
      },
      {
        "period_end_date": "2025-12-31",
        "period_type": "annual",
        "fiscal_year": 2025,
        "fiscal_quarter": null,
        "currency_reported": "EUR",
        "is_restated": false,
        "income_statement": {
          "revenue": 67536000000,
          "cost_of_revenue": 28239000000,
          "gross_profit": 39297000000,
          "ebit": 12492000000,
          "ebitda": 17284000000,
          "pretax_income": null,
          "tax_provision": null,
          "net_income": 10593000000,
          "net_income_to_common": 10593000000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 13587000000,
          "total_current_assets": 36944000000,
          "total_assets": 151880000000,
          "short_term_debt": 6424000000,
          "long_term_debt": 54836000000,
          "total_debt": 64607000000,
          "total_liabilities": null,
          "total_equity": 32648000000,
          "shares_outstanding": 936952129,
          "goodwill_and_intangibles": null
        },
        "cash_flow": {
          "operating_cash_flow": 13193000000,
          "capital_expenditure": -1738000000,
          "free_cash_flow": 11455000000,
          "dividends_paid": -6255000000,
          "share_repurchases": -1018000000,
          "shares_issued": 710000000,
          "net_debt_issued": 2902000000
        }
      },
      {
        "period_end_date": "2025-12-31",
        "period_type": "annual",
        "fiscal_year": 2025,
        "fiscal_quarter": null,
        "currency_reported": "EUR",
        "is_restated": false,
        "income_statement": {
          "revenue": 67536000000,
          "cost_of_revenue": 28239000000,
          "gross_profit": 39297000000,
          "ebit": 12492000000,
          "ebitda": 17284000000,
          "pretax_income": null,
          "tax_provision": null,
          "net_income": 10593000000,
          "net_income_to_common": 10593000000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 13587000000,
          "total_current_assets": 36944000000,
          "total_assets": 151880000000,
          "short_term_debt": 6424000000,
          "long_term_debt": 54836000000,
          "total_debt": 64607000000,
          "total_liabilities": null,
          "total_equity": 32648000000,
          "shares_outstanding": 936952129,
          "goodwill_and_intangibles": null
        },
        "cash_flow": {
          "operating_cash_flow": 13193000000,
          "capital_expenditure": -1738000000,
          "free_cash_flow": 11455000000,
          "dividends_paid": -6255000000,
          "share_repurchases": -1018000000,
          "shares_issued": 710000000,
          "net_debt_issued": 2902000000
        }
      },
      {
        "period_end_date": "2025-12-31",
        "period_type": "annual",
        "fiscal_year": 2025,
        "fiscal_quarter": null,
        "currency_reported": "EUR",
        "is_restated": false,
        "income_statement": {
          "revenue": 67536000000,
          "cost_of_revenue": 28239000000,
          "gross_profit": 39297000000,
          "ebit": 12492000000,
          "ebitda": 17284000000,
          "pretax_income": null,
          "tax_provision": null,
          "net_income": 10593000000,
          "net_income_to_common": 10593000000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 13587000000,
          "total_current_assets": 36944000000,
          "total_assets": 151880000000,
          "short_term_debt": 6424000000,
          "long_term_debt": 54836000000,
          "total_debt": 64607000000,
          "total_liabilities": null,
          "total_equity": 32648000000,
          "shares_outstanding": 936952129,
          "goodwill_and_intangibles": null
        },
        "cash_flow": {
          "operating_cash_flow": 13193000000,
          "capital_expenditure": -1738000000,
          "free_cash_flow": 11455000000,
          "dividends_paid": -6255000000,
          "share_repurchases": -1018000000,
          "shares_issued": 710000000,
          "net_debt_issued": 2902000000
        }
      },
      {
        "period_end_date": "2025-12-31",
        "period_type": "annual",
        "fiscal_year": 2025,
        "fiscal_quarter": null,
        "currency_reported": "EUR",
        "is_restated": false,
        "income_statement": {
          "revenue": 67536000000,
          "cost_of_revenue": 28239000000,
          "gross_profit": 39297000000,
          "ebit": 12492000000,
          "ebitda": 17284000000,
          "pretax_income": null,
          "tax_provision": null,
          "net_income": 10593000000,
          "net_income_to_common": 10593000000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 13587000000,
          "total_current_assets": 36944000000,
          "total_assets": 151880000000,
          "short_term_debt": 6424000000,
          "long_term_debt": 54836000000,
          "total_debt": 64607000000,
          "total_liabilities": null,
          "total_equity": 32648000000,
          "shares_outstanding": 936952129,
          "goodwill_and_intangibles": null
        },
        "cash_flow": {
          "operating_cash_flow": 13193000000,
          "capital_expenditure": -1738000000,
          "free_cash_flow": 11455000000,
          "dividends_paid": -6255000000,
          "share_repurchases": -1018000000,
          "shares_issued": 710000000,
          "net_debt_issued": 2902000000
        }
      }
    ],
    "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": 17162000000,
          "cost_of_revenue": 7255000000,
          "gross_profit": 9907000000,
          "ebit": 2845000000,
          "ebitda": 4314000000,
          "pretax_income": null,
          "tax_provision": null,
          "net_income": 2165000000,
          "net_income_to_common": 2165000000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 7172000000,
          "total_current_assets": 28398000000,
          "total_assets": 152099000000,
          "short_term_debt": 5775000000,
          "long_term_debt": 56212000000,
          "total_debt": 65272000000,
          "total_liabilities": null,
          "total_equity": 34452000000,
          "shares_outstanding": 942134390,
          "goodwill_and_intangibles": null
        },
        "cash_flow": {
          "operating_cash_flow": 2597000000,
          "capital_expenditure": -383000000,
          "free_cash_flow": 2214000000,
          "dividends_paid": -1590000000,
          "share_repurchases": -115000000,
          "shares_issued": 240000000,
          "net_debt_issued": -4213000000
        }
      },
      {
        "period_end_date": "2026-06-30",
        "period_type": "quarterly",
        "fiscal_year": 2026,
        "fiscal_quarter": 2,
        "currency_reported": "EUR",
        "is_restated": false,
        "income_statement": {
          "revenue": 17162000000,
          "cost_of_revenue": 7255000000,
          "gross_profit": 9907000000,
          "ebit": 2845000000,
          "ebitda": 4314000000,
          "pretax_income": null,
          "tax_provision": null,
          "net_income": 2165000000,
          "net_income_to_common": 2165000000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 7172000000,
          "total_current_assets": 28398000000,
          "total_assets": 152099000000,
          "short_term_debt": 5775000000,
          "long_term_debt": 56212000000,
          "total_debt": 65272000000,
          "total_liabilities": null,
          "total_equity": 34452000000,
          "shares_outstanding": 942134390,
          "goodwill_and_intangibles": null
        },
        "cash_flow": {
          "operating_cash_flow": 2597000000,
          "capital_expenditure": -383000000,
          "free_cash_flow": 2214000000,
          "dividends_paid": -1590000000,
          "share_repurchases": -115000000,
          "shares_issued": 240000000,
          "net_debt_issued": -4213000000
        }
      },
      {
        "period_end_date": "2026-06-30",
        "period_type": "quarterly",
        "fiscal_year": 2026,
        "fiscal_quarter": 2,
        "currency_reported": "EUR",
        "is_restated": false,
        "income_statement": {
          "revenue": 17162000000,
          "cost_of_revenue": 7255000000,
          "gross_profit": 9907000000,
          "ebit": 2845000000,
          "ebitda": 4314000000,
          "pretax_income": null,
          "tax_provision": null,
          "net_income": 2165000000,
          "net_income_to_common": 2165000000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 7172000000,
          "total_current_assets": 28398000000,
          "total_assets": 152099000000,
          "short_term_debt": 5775000000,
          "long_term_debt": 56212000000,
          "total_debt": 65272000000,
          "total_liabilities": null,
          "total_equity": 34452000000,
          "shares_outstanding": 942134390,
          "goodwill_and_intangibles": null
        },
        "cash_flow": {
          "operating_cash_flow": 2597000000,
          "capital_expenditure": -383000000,
          "free_cash_flow": 2214000000,
          "dividends_paid": -1590000000,
          "share_repurchases": -115000000,
          "shares_issued": 240000000,
          "net_debt_issued": -4213000000
        }
      },
      {
        "period_end_date": "2026-03-31",
        "period_type": "quarterly",
        "fiscal_year": 2026,
        "fiscal_quarter": 1,
        "currency_reported": "EUR",
        "is_restated": false,
        "income_statement": {
          "revenue": 15917000000,
          "cost_of_revenue": 6968000000,
          "gross_profit": 8950000000,
          "ebit": 2219000000,
          "ebitda": 3134000000,
          "pretax_income": null,
          "tax_provision": null,
          "net_income": 1216000000,
          "net_income_to_common": 1216000000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 10819000000,
          "total_current_assets": 31914000000,
          "total_assets": 156229000000,
          "short_term_debt": 8655000000,
          "long_term_debt": 57706000000,
          "total_debt": 69802000000,
          "total_liabilities": null,
          "total_equity": 32974000000,
          "shares_outstanding": 939885280,
          "goodwill_and_intangibles": null
        },
        "cash_flow": {
          "operating_cash_flow": 5169000000,
          "capital_expenditure": -391000000,
          "free_cash_flow": 4778000000,
          "dividends_paid": -1576000000,
          "share_repurchases": -350000000,
          "shares_issued": 178000000,
          "net_debt_issued": 4509000000
        }
      },
      {
        "period_end_date": "2026-03-31",
        "period_type": "quarterly",
        "fiscal_year": 2026,
        "fiscal_quarter": 1,
        "currency_reported": "EUR",
        "is_restated": false,
        "income_statement": {
          "revenue": 15917000000,
          "cost_of_revenue": 6968000000,
          "gross_profit": 8950000000,
          "ebit": 2219000000,
          "ebitda": 3134000000,
          "pretax_income": null,
          "tax_provision": null,
          "net_income": 1216000000,
          "net_income_to_common": 1216000000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 10819000000,
          "total_current_assets": 31914000000,
          "total_assets": 156229000000,
          "short_term_debt": 8655000000,
          "long_term_debt": 57706000000,
          "total_debt": 69802000000,
          "total_liabilities": null,
          "total_equity": 32974000000,
          "shares_outstanding": 939885280,
          "goodwill_and_intangibles": null
        },
        "cash_flow": {
          "operating_cash_flow": 5169000000,
          "capital_expenditure": -391000000,
          "free_cash_flow": 4778000000,
          "dividends_paid": -1576000000,
          "share_repurchases": -350000000,
          "shares_issued": 178000000,
          "net_debt_issued": 4509000000
        }
      },
      {
        "period_end_date": "2026-03-31",
        "period_type": "quarterly",
        "fiscal_year": 2026,
        "fiscal_quarter": 1,
        "currency_reported": "EUR",
        "is_restated": false,
        "income_statement": {
          "revenue": 15917000000,
          "cost_of_revenue": 6968000000,
          "gross_profit": 8950000000,
          "ebit": 2219000000,
          "ebitda": 3134000000,
          "pretax_income": null,
          "tax_provision": null,
          "net_income": 1216000000,
          "net_income_to_common": 1216000000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 10819000000,
          "total_current_assets": 31914000000,
          "total_assets": 156229000000,
          "short_term_debt": 8655000000,
          "long_term_debt": 57706000000,
          "total_debt": 69802000000,
          "total_liabilities": null,
          "total_equity": 32974000000,
          "shares_outstanding": 939885280,
          "goodwill_and_intangibles": null
        },
        "cash_flow": {
          "operating_cash_flow": 5169000000,
          "capital_expenditure": -391000000,
          "free_cash_flow": 4778000000,
          "dividends_paid": -1576000000,
          "share_repurchases": -350000000,
          "shares_issued": 178000000,
          "net_debt_issued": 4509000000
        }
      },
      {
        "period_end_date": "2026-03-31",
        "period_type": "quarterly",
        "fiscal_year": 2026,
        "fiscal_quarter": 1,
        "currency_reported": "EUR",
        "is_restated": false,
        "income_statement": {
          "revenue": 15917000000,
          "cost_of_revenue": 6968000000,
          "gross_profit": 8950000000,
          "ebit": 2219000000,
          "ebitda": 3134000000,
          "pretax_income": null,
          "tax_provision": null,
          "net_income": 1216000000,
          "net_income_to_common": 1216000000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 10819000000,
          "total_current_assets": 31914000000,
          "total_assets": 156229000000,
          "short_term_debt": 8655000000,
          "long_term_debt": 57706000000,
          "total_debt": 69802000000,
          "total_liabilities": null,
          "total_equity": 32974000000,
          "shares_outstanding": 939885280,
          "goodwill_and_intangibles": null
        },
        "cash_flow": {
          "operating_cash_flow": 5169000000,
          "capital_expenditure": -391000000,
          "free_cash_flow": 4778000000,
          "dividends_paid": -1576000000,
          "share_repurchases": -350000000,
          "shares_issued": 178000000,
          "net_debt_issued": 4509000000
        }
      },
      {
        "period_end_date": "2026-03-31",
        "period_type": "quarterly",
        "fiscal_year": 2026,
        "fiscal_quarter": 1,
        "currency_reported": "EUR",
        "is_restated": false,
        "income_statement": {
          "revenue": 15917000000,
          "cost_of_revenue": 6968000000,
          "gross_profit": 8950000000,
          "ebit": 2219000000,
          "ebitda": 3134000000,
          "pretax_income": null,
          "tax_provision": null,
          "net_income": 1216000000,
          "net_income_to_common": 1216000000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 10819000000,
          "total_current_assets": 31914000000,
          "total_assets": 156229000000,
          "short_term_debt": 8655000000,
          "long_term_debt": 57706000000,
          "total_debt": 69802000000,
          "total_liabilities": null,
          "total_equity": 32974000000,
          "shares_outstanding": 939885280,
          "goodwill_and_intangibles": null
        },
        "cash_flow": {
          "operating_cash_flow": 5169000000,
          "capital_expenditure": -391000000,
          "free_cash_flow": 4778000000,
          "dividends_paid": -1576000000,
          "share_repurchases": -350000000,
          "shares_issued": 178000000,
          "net_debt_issued": 4509000000
        }
      },
      {
        "period_end_date": "2026-03-31",
        "period_type": "quarterly",
        "fiscal_year": 2026,
        "fiscal_quarter": 1,
        "currency_reported": "EUR",
        "is_restated": false,
        "income_statement": {
          "revenue": 15917000000,
          "cost_of_revenue": 6968000000,
          "gross_profit": 8950000000,
          "ebit": 2219000000,
          "ebitda": 3134000000,
          "pretax_income": null,
          "tax_provision": null,
          "net_income": 1216000000,
          "net_income_to_common": 1216000000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 10819000000,
          "total_current_assets": 31914000000,
          "total_assets": 156229000000,
          "short_term_debt": 8655000000,
          "long_term_debt": 57706000000,
          "total_debt": 69802000000,
          "total_liabilities": null,
          "total_equity": 32974000000,
          "shares_outstanding": 939885280,
          "goodwill_and_intangibles": null
        },
        "cash_flow": {
          "operating_cash_flow": 5169000000,
          "capital_expenditure": -391000000,
          "free_cash_flow": 4778000000,
          "dividends_paid": -1576000000,
          "share_repurchases": -350000000,
          "shares_issued": 178000000,
          "net_debt_issued": 4509000000
        }
      },
      {
        "period_end_date": "2026-03-31",
        "period_type": "quarterly",
        "fiscal_year": 2026,
        "fiscal_quarter": 1,
        "currency_reported": "EUR",
        "is_restated": false,
        "income_statement": {
          "revenue": 15917000000,
          "cost_of_revenue": 6968000000,
          "gross_profit": 8950000000,
          "ebit": 2219000000,
          "ebitda": 3134000000,
          "pretax_income": null,
          "tax_provision": null,
          "net_income": 1216000000,
          "net_income_to_common": 1216000000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 10819000000,
          "total_current_assets": 31914000000,
          "total_assets": 156229000000,
          "short_term_debt": 8655000000,
          "long_term_debt": 57706000000,
          "total_debt": 69802000000,
          "total_liabilities": null,
          "total_equity": 32974000000,
          "shares_outstanding": 939885280,
          "goodwill_and_intangibles": null
        },
        "cash_flow": {
          "operating_cash_flow": 5169000000,
          "capital_expenditure": -391000000,
          "free_cash_flow": 4778000000,
          "dividends_paid": -1576000000,
          "share_repurchases": -350000000,
          "shares_issued": 178000000,
          "net_debt_issued": 4509000000
        }
      },
      {
        "period_end_date": "2026-03-31",
        "period_type": "quarterly",
        "fiscal_year": 2026,
        "fiscal_quarter": 1,
        "currency_reported": "EUR",
        "is_restated": false,
        "income_statement": {
          "revenue": 15917000000,
          "cost_of_revenue": 6968000000,
          "gross_profit": 8950000000,
          "ebit": 2219000000,
          "ebitda": 3134000000,
          "pretax_income": null,
          "tax_provision": null,
          "net_income": 1216000000,
          "net_income_to_common": 1216000000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 10819000000,
          "total_current_assets": 31914000000,
          "total_assets": 156229000000,
          "short_term_debt": 8655000000,
          "long_term_debt": 57706000000,
          "total_debt": 69802000000,
          "total_liabilities": null,
          "total_equity": 32974000000,
          "shares_outstanding": 939885280,
          "goodwill_and_intangibles": null
        },
        "cash_flow": {
          "operating_cash_flow": 5169000000,
          "capital_expenditure": -391000000,
          "free_cash_flow": 4778000000,
          "dividends_paid": -1576000000,
          "share_repurchases": -350000000,
          "shares_issued": 178000000,
          "net_debt_issued": 4509000000
        }
      },
      {
        "period_end_date": "2026-03-31",
        "period_type": "quarterly",
        "fiscal_year": 2026,
        "fiscal_quarter": 1,
        "currency_reported": "EUR",
        "is_restated": false,
        "income_statement": {
          "revenue": 15917000000,
          "cost_of_revenue": 6968000000,
          "gross_profit": 8950000000,
          "ebit": 2219000000,
          "ebitda": 3134000000,
          "pretax_income": null,
          "tax_provision": null,
          "net_income": 1216000000,
          "net_income_to_common": 1216000000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 10819000000,
          "total_current_assets": 31914000000,
          "total_assets": 156229000000,
          "short_term_debt": 8655000000,
          "long_term_debt": 57706000000,
          "total_debt": 69802000000,
          "total_liabilities": null,
          "total_equity": 32974000000,
          "shares_outstanding": 939885280,
          "goodwill_and_intangibles": null
        },
        "cash_flow": {
          "operating_cash_flow": 5169000000,
          "capital_expenditure": -391000000,
          "free_cash_flow": 4778000000,
          "dividends_paid": -1576000000,
          "share_repurchases": -350000000,
          "shares_issued": 178000000,
          "net_debt_issued": 4509000000
        }
      }
    ]
  },
  "strategy_matches": [
    {
      "key": "ebitda_ev",
      "name": "EBITDA/EV Value",
      "slug": "ebitda-ev",
      "group": "value",
      "page_url": "/factors/ebitda-ev/"
    },
    {
      "key": "sector_relative",
      "name": "Cheapest in Sector",
      "slug": "sector-relative",
      "group": "value",
      "page_url": "/factors/sector-relative/"
    },
    {
      "key": "capital_allocators",
      "name": "Capital Allocators",
      "slug": "capital-allocators",
      "group": "quality",
      "page_url": "/factors/capital-allocators/"
    },
    {
      "key": "risk_adj_momentum",
      "name": "Price Strength Relative to Volatility",
      "slug": "risk-adj-momentum",
      "group": "momentum",
      "page_url": "/factors/risk-adj-momentum/"
    },
    {
      "key": "momentum_leaders",
      "name": "Price Leaders",
      "slug": "momentum-leaders",
      "group": "momentum",
      "page_url": "/factors/momentum-leaders/"
    },
    {
      "key": "shareholder_yield",
      "name": "Shareholder Yield",
      "slug": "shareholder-yield",
      "group": "income",
      "page_url": "/factors/shareholder-yield/"
    },
    {
      "key": "market_leaders",
      "name": "Market Leaders",
      "slug": "market-leaders",
      "group": "universe",
      "page_url": "/factors/market-leaders/"
    }
  ],
  "coverage": {
    "factor_history_points": 10,
    "annual_financial_periods": 8,
    "quarterly_financial_periods": 12,
    "latest_factor_week": "2026-08-09",
    "latest_financials_period_end": "2026-03-31"
  },
  "schema": {
    "public_fields_only": true
  }
}