[{"data":1,"prerenderedAt":709},["ShallowReactive",2],{"catalog-stocks":3},[4,48,84,121,159,196,232,266,297,333,359,394,437,466,507,541,570,609,643,674],{"symbol":5,"companyName":6,"exchange":7,"sector":8,"industry":9,"currency":10,"description":11,"asOfDate":12,"sourceUrl":13,"financials":14,"metrics":23,"verifiedAt":44,"reportingBasis":45,"focus":46,"analysis":47},"COST","Costco Wholesale Corporation","NASDAQ","Consumer Staples","Membership warehouse retail","USD","Costco operates membership warehouses and an e-commerce business. Merchandise sales and membership fees are reported separately. This profile covers the 52-week fiscal year ended August 31, 2025.","2025-08-31","https:\u002F\u002Finvestor.costco.com\u002Fnews\u002Fnews-details\u002F2025\u002FCostco-Wholesale-Corporation-Reports-Fourth-Quarter-and-Fiscal-Year-2025-Operating-Results\u002F",{"Total revenue (FY2025; USD million)":15,"Net sales (FY2025; USD million)":16,"Membership fees (FY2025; USD million)":17,"Operating income (FY2025; USD million)":18,"Net income (FY2025; USD million)":19,"Diluted EPS (FY2025; USD\u002Fshare)":20,"Total revenue (FY2024; USD million)":21,"Net income (FY2024; USD million)":22},275235,269912,5323,10383,8099,18.21,254453,7367,[24,30,32,34,36,38,41,43],{"label":25,"value":15,"unit":26,"period":27,"basis":28,"precision":29},"Total revenue","USD million","FY2025","GAAP","as disclosed",{"label":31,"value":16,"unit":26,"period":27,"basis":28,"precision":29},"Net sales",{"label":33,"value":17,"unit":26,"period":27,"basis":28,"precision":29},"Membership fees",{"label":35,"value":18,"unit":26,"period":27,"basis":28,"precision":29},"Operating income",{"label":37,"value":19,"unit":26,"period":27,"basis":28,"precision":29},"Net income",{"label":39,"value":20,"unit":40,"period":27,"basis":28,"precision":29},"Diluted EPS","USD\u002Fshare",{"label":25,"value":21,"unit":26,"period":42,"basis":28,"precision":29},"FY2024",{"label":37,"value":22,"unit":26,"period":42,"basis":28,"precision":29},"2026-11-15","Selected reported annual metrics; not live prices or full financial statements.","Membership fees and the revenue denominator","Membership fees are part of total revenue but are excluded from merchandise net sales. Using net sales as if it were the full revenue denominator changes a margin calculation. Separating the two streams makes the calculation reproducible; it does not establish the profitability of either stream in isolation.",{"symbol":49,"companyName":50,"exchange":51,"sector":8,"industry":52,"currency":10,"description":53,"asOfDate":54,"sourceUrl":55,"financials":56,"metrics":67,"verifiedAt":44,"reportingBasis":45,"focus":82,"analysis":83},"TGT","Target Corporation","NYSE","General merchandise retail","Target is a general merchandise retailer. Its fiscal 2025 year ended January 31, 2026, so the fiscal label is different from the calendar year of the closing date. Net sales is the revenue caption used in its statements.","2026-01-31","https:\u002F\u002Fcorporate.target.com\u002Finvestors\u002Fannual\u002F2025-annual-report\u002F10-k-report\u002F10-k-part-ii\u002Fitem-8-financial-statements-and-supplementary-data",{"Net sales (FY2025; USD million)":57,"Operating income (FY2025; USD million)":58,"Net earnings (FY2025; USD million)":59,"Cost of sales (FY2025; USD million)":60,"SG&A expense (FY2025; USD million)":61,"Depreciation and amortization outside cost of sales (FY2025; USD million)":62,"Diluted EPS (FY2025; USD\u002Fshare)":63,"Net sales (FY2024; USD million)":64,"Operating income (FY2024; USD million)":65,"Net earnings (FY2024; USD million)":66},104780,5117,3705,75511,21535,2617,8.13,106566,5566,4091,[68,69,70,72,74,76,78,79,80,81],{"label":31,"value":57,"unit":26,"period":27,"basis":28,"precision":29},{"label":35,"value":58,"unit":26,"period":27,"basis":28,"precision":29},{"label":71,"value":59,"unit":26,"period":27,"basis":28,"precision":29},"Net earnings",{"label":73,"value":60,"unit":26,"period":27,"basis":28,"precision":29},"Cost of sales",{"label":75,"value":61,"unit":26,"period":27,"basis":28,"precision":29},"SG&A expense",{"label":77,"value":62,"unit":26,"period":27,"basis":28,"precision":29},"Depreciation and amortization outside cost of sales",{"label":39,"value":63,"unit":40,"period":27,"basis":28,"precision":29},{"label":31,"value":64,"unit":26,"period":42,"basis":28,"precision":29},{"label":35,"value":65,"unit":26,"period":42,"basis":28,"precision":29},{"label":71,"value":66,"unit":26,"period":42,"basis":28,"precision":29},"When profit moves faster than sales","The decrease in operating income was larger in percentage terms than the decrease in net sales. This is an observed relationship between two reported totals, rather than a claim about any single cause. A fuller explanation requires the gross-margin, expense and merchandise-mix discussion in the annual report.",{"symbol":85,"companyName":86,"exchange":7,"sector":87,"industry":88,"currency":10,"description":89,"asOfDate":90,"sourceUrl":91,"financials":92,"metrics":103,"verifiedAt":44,"reportingBasis":45,"focus":119,"analysis":120},"SBUX","Starbucks Corporation","Consumer Discretionary","Coffeehouses and licensed retail","Starbucks reports company-operated stores, licensed stores and other revenues. Its fiscal 2025 statement covers the 52 weeks ended September 28, 2025. Company-operated and licensed stores have different revenue and cost structures.","2025-09-28","https:\u002F\u002Finvestor.starbucks.com\u002Fnews\u002Ffinancial-releases\u002Fnews-details\u002F2025\u002FStarbucks-Reports-Q4-and-Full-Fiscal-Year-2025-Results\u002Fdefault.aspx",{"Net revenues (FY2025; USD million)":93,"Operating income (FY2025; USD million)":94,"Net earnings attributable to Starbucks (FY2025; USD million)":95,"Company-operated store revenues (FY2025; USD million)":96,"Licensed store revenues (FY2025; USD million)":97,"Restructuring and impairments (FY2025; USD million)":98,"Diluted EPS (FY2025; USD\u002Fshare)":99,"Net revenues (FY2024; USD million)":100,"Operating income (FY2024; USD million)":101,"Net earnings attributable to Starbucks (FY2024; USD million)":102},37184.4,2936.6,1856.4,30744.8,4350.4,892,1.63,36176.2,5408.8,3760.9,[104,106,107,109,111,113,115,116,117,118],{"label":105,"value":93,"unit":26,"period":27,"basis":28,"precision":29},"Net revenues",{"label":35,"value":94,"unit":26,"period":27,"basis":28,"precision":29},{"label":108,"value":95,"unit":26,"period":27,"basis":28,"precision":29},"Net earnings attributable to Starbucks",{"label":110,"value":96,"unit":26,"period":27,"basis":28,"precision":29},"Company-operated store revenues",{"label":112,"value":97,"unit":26,"period":27,"basis":28,"precision":29},"Licensed store revenues",{"label":114,"value":98,"unit":26,"period":27,"basis":28,"precision":29},"Restructuring and impairments",{"label":39,"value":99,"unit":40,"period":27,"basis":28,"precision":29},{"label":105,"value":100,"unit":26,"period":42,"basis":28,"precision":29},{"label":35,"value":101,"unit":26,"period":42,"basis":28,"precision":29},{"label":108,"value":102,"unit":26,"period":42,"basis":28,"precision":29},"Revenue growth can coexist with lower earnings","Fiscal 2025 revenue rose while operating income and attributable net earnings fell. The reported restructuring charge is one disclosed item in that comparison, but removing it alone would not explain all of the movement. Store expenses, business mix and other costs must be considered before describing the change as a demand trend.",{"symbol":122,"companyName":123,"exchange":7,"sector":124,"industry":125,"currency":10,"description":126,"asOfDate":127,"sourceUrl":128,"financials":129,"metrics":140,"verifiedAt":44,"reportingBasis":45,"focus":157,"analysis":158},"ADBE","Adobe Inc.","Information Technology","Creative and document software","Adobe sells creative, document and digital-experience software. Its fiscal 2025 annual report distinguishes recognized revenue from annualized recurring revenue. The financial period ended November 28, 2025.","2025-11-28","https:\u002F\u002Fwww.adobe.com\u002Fcc-shared\u002Fassets\u002Finvestor-relations\u002Fpdfs\u002Fadbe-10k-fy25-final.pdf",{"Revenue (FY2025; USD million)":130,"Gross profit (FY2025; USD million)":131,"Operating income (FY2025; USD million)":132,"Net income (FY2025; USD million)":133,"Operating cash flow (FY2025; USD million)":134,"Purchases of property and equipment (FY2025; USD million)":135,"Research and development (FY2025; USD million)":136,"Subscription revenue (FY2025; USD million)":137,"Revenue (FY2024; USD million)":138,"Net income (FY2024; USD million)":139},23769,21218,8706,7130,10031,179,4294,22904,21505,5560,[141,143,145,146,147,149,151,153,155,156],{"label":142,"value":130,"unit":26,"period":27,"basis":28,"precision":29},"Revenue",{"label":144,"value":131,"unit":26,"period":27,"basis":28,"precision":29},"Gross profit",{"label":35,"value":132,"unit":26,"period":27,"basis":28,"precision":29},{"label":37,"value":133,"unit":26,"period":27,"basis":28,"precision":29},{"label":148,"value":134,"unit":26,"period":27,"basis":28,"precision":29},"Operating cash flow",{"label":150,"value":135,"unit":26,"period":27,"basis":28,"precision":29},"Purchases of property and equipment",{"label":152,"value":136,"unit":26,"period":27,"basis":28,"precision":29},"Research and development",{"label":154,"value":137,"unit":26,"period":27,"basis":28,"precision":29},"Subscription revenue",{"label":142,"value":138,"unit":26,"period":42,"basis":28,"precision":29},{"label":37,"value":139,"unit":26,"period":42,"basis":28,"precision":29},"Cash generation and the earnings bridge","Operating cash flow exceeds net income in the reported year. Non-cash charges and working-capital timing help reconcile the two measures. The cash-flow statement also separates property purchases from acquisitions and investment-security purchases; combining those categories would overstate a simple capital-expenditure measure.",{"symbol":160,"companyName":161,"exchange":51,"sector":124,"industry":162,"currency":10,"description":163,"asOfDate":164,"sourceUrl":165,"financials":166,"metrics":177,"verifiedAt":44,"reportingBasis":45,"focus":194,"analysis":195},"CRM","Salesforce, Inc.","Enterprise application software","Salesforce provides enterprise customer-management and related software services. Fiscal 2025 ended January 31, 2025. Subscription and support revenue, remaining performance obligations and cash collections measure different aspects of its business.","2025-01-31","https:\u002F\u002Finvestor.salesforce.com\u002Fnews\u002Fnews-details\u002F2025\u002FSalesforce-Announces-Fourth-Quarter-and-Fiscal-Year-2025-Results\u002F",{"Revenue (FY2025; USD million)":167,"Operating income (FY2025; USD million)":168,"Net income (FY2025; USD million)":169,"Operating cash flow (FY2025; USD million)":170,"Capital expenditures (FY2025; USD million)":171,"Free cash flow (FY2025; USD million ; non-GAAP)":172,"Operating margin (FY2025; percent)":173,"Non-GAAP operating margin (FY2025; percent ; non-GAAP)":174,"Revenue (FY2024; USD million)":175,"Net income (FY2024; USD million)":176},37895,7205,6197,13092,658,12434,19,33,34857,4136,[178,179,180,181,182,184,187,190,192,193],{"label":142,"value":167,"unit":26,"period":27,"basis":28,"precision":29},{"label":35,"value":168,"unit":26,"period":27,"basis":28,"precision":29},{"label":37,"value":169,"unit":26,"period":27,"basis":28,"precision":29},{"label":148,"value":170,"unit":26,"period":27,"basis":28,"precision":29},{"label":183,"value":171,"unit":26,"period":27,"basis":28,"precision":29},"Capital expenditures",{"label":185,"value":172,"unit":26,"period":27,"basis":186,"precision":29},"Free cash flow","non-GAAP",{"label":188,"value":173,"unit":189,"period":27,"basis":28,"precision":29},"Operating margin","percent",{"label":191,"value":174,"unit":189,"period":27,"basis":186,"precision":29},"Non-GAAP operating margin",{"label":142,"value":175,"unit":26,"period":42,"basis":28,"precision":29},{"label":37,"value":176,"unit":26,"period":42,"basis":28,"precision":29},"Keep GAAP and adjusted margins apart","The reported GAAP operating margin and the adjusted margin use different expense treatments. Their gap is not an additional revenue stream or a cash-flow measure. The reconciliation identifies amortization, stock compensation and restructuring adjustments; a comparison should keep those expenses visible even when an adjusted figure is also shown.",{"symbol":197,"companyName":198,"exchange":7,"sector":124,"industry":199,"currency":10,"description":200,"asOfDate":201,"sourceUrl":202,"financials":203,"metrics":215,"verifiedAt":44,"reportingBasis":45,"focus":230,"analysis":231},"CSCO","Cisco Systems, Inc.","Networking equipment and software","Cisco reports networking, security, collaboration and observability products alongside services. Fiscal 2025 ended July 26, 2025. The profile uses the full-year GAAP statement rather than quarterly or adjusted earnings.","2025-07-26","https:\u002F\u002Finvestor.cisco.com\u002Fnews\u002Fnews-details\u002F2025\u002FCISCO-REPORTS-FOURTH-QUARTER-AND-FISCAL-YEAR-2025-EARNINGS\u002F",{"Revenue (FY2025; USD million)":204,"Gross profit (FY2025; USD million)":205,"Operating income (FY2025; USD million)":206,"Net income (FY2025; USD million)":207,"Product revenue (FY2025; USD million)":208,"Services revenue (FY2025; USD million)":209,"Research and development (FY2025; USD million)":210,"Total assets (2025-07-26; USD million)":211,"Diluted EPS (FY2025; USD\u002Fshare)":212,"Revenue (FY2024; USD million)":213,"Operating income (FY2024; USD million)":214},56654,37145,12115,10453,41608,15046,9300,122564,2.61,53803,12181,[216,217,218,219,220,222,224,225,227,228,229],{"label":142,"value":204,"unit":26,"period":27,"basis":28,"precision":29},{"label":144,"value":205,"unit":26,"period":27,"basis":28,"precision":29},{"label":35,"value":206,"unit":26,"period":27,"basis":28,"precision":29},{"label":37,"value":207,"unit":26,"period":27,"basis":28,"precision":29},{"label":221,"value":208,"unit":26,"period":27,"basis":28,"precision":29},"Product revenue",{"label":223,"value":209,"unit":26,"period":27,"basis":28,"precision":29},"Services revenue",{"label":152,"value":210,"unit":26,"period":27,"basis":28,"precision":29},{"label":226,"value":211,"unit":26,"period":201,"basis":28,"precision":29},"Total assets",{"label":39,"value":212,"unit":40,"period":27,"basis":28,"precision":29},{"label":142,"value":213,"unit":26,"period":42,"basis":28,"precision":29},{"label":35,"value":214,"unit":26,"period":42,"basis":28,"precision":29},"Mix matters in product and services revenue","A higher consolidated revenue total does not mean each product family expanded at the same rate. Product, service and acquired-business contributions can differ. Consolidated operating income was slightly lower despite higher revenue, so a revenue-only summary misses an important part of the annual comparison.",{"symbol":233,"companyName":234,"exchange":51,"sector":235,"industry":236,"currency":10,"description":237,"asOfDate":238,"sourceUrl":239,"financials":240,"metrics":249,"verifiedAt":44,"reportingBasis":45,"focus":264,"analysis":265},"V","Visa Inc.","Financials","Payment network","Visa operates a payment network and related services. Payment volume is the value moving across the ecosystem, not Visa revenue. Its fiscal 2025 year ended September 30, 2025.","2025-09-30","https:\u002F\u002Fwww.sec.gov\u002FArchives\u002Fedgar\u002Fdata\u002F1403161\u002F000140316125000077\u002Fq42025earningsrelease.htm",{"Net revenue (FY2025; USD million)":241,"Operating expenses (FY2025; USD million)":242,"Net income (FY2025; USD million)":243,"Diluted Class A EPS (FY2025; USD\u002Fshare)":244,"Processed transactions (FY2025; billion transactions ; operating measure)":245,"Net revenue (FY2024; USD million)":246,"Net income (FY2024; USD million)":247,"Diluted Class A EPS (FY2024; USD\u002Fshare)":248},40000,16006,20058,10.2,257.5,35926,19743,9.73,[250,252,254,255,257,261,262,263],{"label":251,"value":241,"unit":26,"period":27,"basis":28,"precision":29},"Net revenue",{"label":253,"value":242,"unit":26,"period":27,"basis":28,"precision":29},"Operating expenses",{"label":37,"value":243,"unit":26,"period":27,"basis":28,"precision":29},{"label":256,"value":244,"unit":40,"period":27,"basis":28,"precision":29},"Diluted Class A EPS",{"label":258,"value":245,"unit":259,"period":27,"basis":260,"precision":29},"Processed transactions","billion transactions","operating measure",{"label":251,"value":246,"unit":26,"period":42,"basis":28,"precision":29},{"label":37,"value":247,"unit":26,"period":42,"basis":28,"precision":29},{"label":256,"value":248,"unit":40,"period":42,"basis":28,"precision":29},"Payment volume is not revenue","A payment network processes transaction value that is much larger than the fees it recognizes. Growth in payments volume and growth in revenue therefore need not match. Client incentives, cross-border mix and service timing are relevant to the revenue bridge; the headline volume total should not be inserted into an income statement.",{"symbol":267,"companyName":268,"exchange":51,"sector":235,"industry":236,"currency":10,"description":269,"asOfDate":270,"sourceUrl":271,"financials":272,"metrics":283,"verifiedAt":44,"reportingBasis":45,"focus":295,"analysis":296},"MA","Mastercard Incorporated","Mastercard provides payment-network services and value-added services. The selected financials are GAAP full-year 2025 figures. Currency-neutral growth rates in the release are separate analytical measures.","2025-12-31","https:\u002F\u002Fwww.sec.gov\u002FArchives\u002Fedgar\u002Fdata\u002F1141391\u002F000114139126000003\u002Fma12312025-exx991xearnings.htm",{"Net revenue (FY2025; USD million)":273,"Operating income (FY2025; USD million)":274,"Operating expenses (FY2025; USD million)":275,"Net income (FY2025; USD million)":276,"Interest expense (FY2025; USD million)":277,"Diluted EPS (FY2025; USD\u002Fshare)":278,"Net revenue (FY2024; USD million)":279,"Operating income (FY2024; USD million)":280,"Net income (FY2024; USD million)":281,"Diluted EPS (FY2024; USD\u002Fshare)":282},32791,18897,13894,14968,722,16.52,28167,15582,12874,13.89,[284,285,286,287,288,290,291,292,293,294],{"label":251,"value":273,"unit":26,"period":27,"basis":28,"precision":29},{"label":35,"value":274,"unit":26,"period":27,"basis":28,"precision":29},{"label":253,"value":275,"unit":26,"period":27,"basis":28,"precision":29},{"label":37,"value":276,"unit":26,"period":27,"basis":28,"precision":29},{"label":289,"value":277,"unit":26,"period":27,"basis":28,"precision":29},"Interest expense",{"label":39,"value":278,"unit":40,"period":27,"basis":28,"precision":29},{"label":251,"value":279,"unit":26,"period":42,"basis":28,"precision":29},{"label":35,"value":280,"unit":26,"period":42,"basis":28,"precision":29},{"label":37,"value":281,"unit":26,"period":42,"basis":28,"precision":29},{"label":39,"value":282,"unit":40,"period":42,"basis":28,"precision":29},"Reported growth and currency-neutral growth","The reported income statement remains denominated in U.S. dollars. Currency-neutral growth is a supplementary comparison that changes the exchange-rate assumption. It is useful for a distinct question about translation, but it does not replace the reported revenue base or remove all acquisition and pricing effects.",{"symbol":298,"companyName":299,"exchange":51,"sector":235,"industry":300,"currency":10,"description":301,"asOfDate":270,"sourceUrl":302,"financials":303,"metrics":314,"verifiedAt":44,"reportingBasis":45,"focus":331,"analysis":332},"BAC","Bank of America Corporation","Diversified banking","Bank of America reports consumer and institutional banking activities. Revenue is presented net of interest expense. Credit-loss provisions and funding costs make its statement structure different from a retailer or manufacturer.","https:\u002F\u002Finvestor.bankofamerica.com\u002Fregulatory-and-other-filings\u002Fselect-sec-filings\u002Fcontent\u002F0000070858-26-000157\u002Fbac-20251231.htm?wcmmode=disabled",{"Total revenue net of interest expense (FY2025; USD million)":304,"Net interest income (FY2025; USD million)":305,"Noninterest income (FY2025; USD million)":306,"Provision for credit losses (FY2025; USD million)":307,"Noninterest expense (FY2025; USD million)":308,"Net income (FY2025; USD million)":309,"Net income applicable to common shareholders (FY2025; USD million)":310,"Diluted EPS (FY2025; USD\u002Fshare)":311,"Total revenue net of interest expense (FY2024; USD million)":312,"Net income (FY2024; USD million)":313},113097,60096,53001,5675,69727,30509,29055,3.81,105856,26973,[315,317,319,321,323,325,326,328,329,330],{"label":316,"value":304,"unit":26,"period":27,"basis":28,"precision":29},"Total revenue net of interest expense",{"label":318,"value":305,"unit":26,"period":27,"basis":28,"precision":29},"Net interest income",{"label":320,"value":306,"unit":26,"period":27,"basis":28,"precision":29},"Noninterest income",{"label":322,"value":307,"unit":26,"period":27,"basis":28,"precision":29},"Provision for credit losses",{"label":324,"value":308,"unit":26,"period":27,"basis":28,"precision":29},"Noninterest expense",{"label":37,"value":309,"unit":26,"period":27,"basis":28,"precision":29},{"label":327,"value":310,"unit":26,"period":27,"basis":28,"precision":29},"Net income applicable to common shareholders",{"label":39,"value":311,"unit":40,"period":27,"basis":28,"precision":29},{"label":316,"value":312,"unit":26,"period":42,"basis":28,"precision":29},{"label":37,"value":313,"unit":26,"period":42,"basis":28,"precision":29},"The bank revenue boundary","Net interest income already reflects an interest-income versus interest-expense calculation. Treating the bank revenue line as industrial sales and then subtracting funding costs a second time would be inconsistent. Credit costs are also a separate part of the statement, so revenue growth alone cannot measure changes in loan risk.",{"symbol":334,"companyName":335,"exchange":51,"sector":235,"industry":336,"currency":10,"description":337,"asOfDate":270,"sourceUrl":338,"financials":339,"metrics":346,"verifiedAt":44,"reportingBasis":45,"focus":357,"analysis":358},"GS","The Goldman Sachs Group, Inc.","Investment banking and asset management","Goldman Sachs reports investment banking, markets, and asset and wealth management activities. Selected annual figures below follow the precision in the official earnings summary; amounts given in billions are displayed in millions without adding precision.","https:\u002F\u002Fwww.goldmansachs.com\u002Fpressroom\u002Fpress-releases\u002F2026\u002F2026-01-15-q4-results",{"Net revenues (FY2025; USD million)":340,"Net earnings (FY2025; USD million)":341,"Diluted EPS (FY2025; USD\u002Fshare)":342,"Return on average common equity (FY2025; percent)":343,"Book value per common share (2025-12-31; USD\u002Fshare)":344,"Diluted EPS (FY2024; USD\u002Fshare)":345},58280,17180,51.32,15,357.6,40.54,[347,349,351,352,354,356],{"label":105,"value":340,"unit":26,"period":27,"basis":28,"precision":348},"rounded from USD 58.28 billion",{"label":71,"value":341,"unit":26,"period":27,"basis":28,"precision":350},"rounded from USD 17.18 billion",{"label":39,"value":342,"unit":40,"period":27,"basis":28,"precision":29},{"label":353,"value":343,"unit":189,"period":27,"basis":28,"precision":29},"Return on average common equity",{"label":355,"value":344,"unit":40,"period":270,"basis":28,"precision":29},"Book value per common share",{"label":39,"value":345,"unit":40,"period":42,"basis":28,"precision":29},"Earnings per share and the equity base","Per-share earnings, return on average common equity and book value per share answer different questions. EPS divides an earnings allocation by diluted shares, while the return ratio uses average equity. An increase in EPS is not, by itself, proof that every business generated the same improvement or that a future return is assured.",{"symbol":360,"companyName":361,"exchange":51,"sector":362,"industry":363,"currency":10,"description":364,"asOfDate":270,"sourceUrl":365,"financials":366,"metrics":376,"verifiedAt":44,"reportingBasis":45,"focus":392,"analysis":393},"CVX","Chevron Corporation","Energy","Integrated oil and gas","Chevron reports upstream and downstream energy operations. Its statement distinguishes sales and operating revenues from total revenues and other income. Full-year results should be kept separate from the fourth-quarter headline figures.","https:\u002F\u002Fchevroncorp.gcs-web.com\u002Fnews-releases\u002Fnews-release-details\u002Fchevron-reports-fourth-quarter-2025-results",{"Sales and other operating revenues (FY2025; USD million)":367,"Total revenues and other income (FY2025; USD million)":368,"Total earnings attributable to Chevron (FY2025; USD million)":369,"Upstream earnings (FY2025; USD million)":370,"Downstream earnings (FY2025; USD million)":371,"Diluted EPS (FY2025; USD\u002Fshare)":372,"Operating cash flow (FY2025; USD million)":373,"Total earnings attributable to Chevron (FY2024; USD million)":374,"Sales and other operating revenues (FY2024; USD million)":375},184432,189031,12299,12822,3022,6.63,33900,17661,193414,[377,379,381,383,385,387,388,390,391],{"label":378,"value":367,"unit":26,"period":27,"basis":28,"precision":29},"Sales and other operating revenues",{"label":380,"value":368,"unit":26,"period":27,"basis":28,"precision":29},"Total revenues and other income",{"label":382,"value":369,"unit":26,"period":27,"basis":28,"precision":29},"Total earnings attributable to Chevron",{"label":384,"value":370,"unit":26,"period":27,"basis":28,"precision":29},"Upstream earnings",{"label":386,"value":371,"unit":26,"period":27,"basis":28,"precision":29},"Downstream earnings",{"label":39,"value":372,"unit":40,"period":27,"basis":28,"precision":29},{"label":148,"value":373,"unit":26,"period":27,"basis":28,"precision":389},"rounded from USD 33.9 billion",{"label":382,"value":374,"unit":26,"period":42,"basis":28,"precision":29},{"label":378,"value":375,"unit":26,"period":42,"basis":28,"precision":29},"Production and earnings need separate explanations","Physical production, realized prices and downstream economics are distinct drivers. An increase in physical output does not guarantee higher consolidated earnings. The revenue captions also differ: equity-affiliate income and other income sit outside sales and operating revenues, so either denominator must be identified explicitly.",{"symbol":395,"companyName":396,"exchange":51,"sector":362,"industry":397,"currency":10,"description":398,"asOfDate":270,"sourceUrl":399,"financials":400,"metrics":410,"verifiedAt":44,"reportingBasis":45,"focus":435,"analysis":436},"COP","ConocoPhillips","Oil and gas exploration and production","ConocoPhillips is an exploration and production company. The official annual results distinguish GAAP cash provided by operating activities from the company-defined CFO measure. Rounded earnings-release values retain their disclosed precision.","https:\u002F\u002Fwww.conocophillips.com\u002Fnews-media\u002Fstory\u002Fconocophillips-reports-fourth-quarter-and-full-year-2025-results-announces-2026-guidance-and-quarterly-dividend\u002F",{"Earnings (FY2025; USD million)":401,"Diluted EPS (FY2025; USD\u002Fshare)":402,"Cash provided by operating activities (FY2025; USD million)":403,"Cash from operations (CFO) (FY2025; USD million ; company-defined non-GAAP)":404,"Share repurchases (FY2025; USD million ; cash distribution)":405,"Ordinary dividends (FY2025; USD million ; cash distribution)":406,"Average production (FY2025; thousand BOE\u002Fday ; operating measure)":407,"Earnings (FY2024; USD million)":408,"Diluted EPS (FY2024; USD\u002Fshare)":409},8000,6.35,19800,19900,5000,4000,2375,9200,7.81,[411,414,415,418,422,426,429,432,434],{"label":412,"value":401,"unit":26,"period":27,"basis":28,"precision":413},"Earnings","rounded from USD 8.0 billion",{"label":39,"value":402,"unit":40,"period":27,"basis":28,"precision":29},{"label":416,"value":403,"unit":26,"period":27,"basis":28,"precision":417},"Cash provided by operating activities","rounded from USD 19.8 billion",{"label":419,"value":404,"unit":26,"period":27,"basis":420,"precision":421},"Cash from operations (CFO)","company-defined non-GAAP","rounded from USD 19.9 billion",{"label":423,"value":405,"unit":26,"period":27,"basis":424,"precision":425},"Share repurchases","cash distribution","rounded from USD 5.0 billion",{"label":427,"value":406,"unit":26,"period":27,"basis":424,"precision":428},"Ordinary dividends","rounded from USD 4.0 billion",{"label":430,"value":407,"unit":431,"period":27,"basis":260,"precision":29},"Average production","thousand BOE\u002Fday",{"label":412,"value":408,"unit":26,"period":42,"basis":28,"precision":433},"rounded from USD 9.2 billion",{"label":39,"value":409,"unit":40,"period":42,"basis":28,"precision":29},"Two cash-flow measures with similar names","The release presents operating-activities cash and a separate CFO measure. Their similar names do not make the values interchangeable. A shareholder-distribution ratio must use the denominator defined by the company or be labelled as a new calculation; otherwise even a correctly copied numerator can produce a misleading comparison.",{"symbol":438,"companyName":439,"exchange":51,"sector":440,"industry":441,"currency":10,"description":442,"asOfDate":270,"sourceUrl":443,"financials":444,"metrics":451,"verifiedAt":44,"reportingBasis":45,"focus":464,"analysis":465},"UNH","UnitedHealth Group Incorporated","Health Care","Managed health care and health services","UnitedHealth Group reports health benefits and health-services businesses. This record contains selected fiscal 2025 measures from the official results announcement, with rounded dollar values identified. It is not a full income statement.","https:\u002F\u002Fwww.unitedhealthgroup.com\u002Fnewsroom\u002F2026\u002F2026-01-27-uhg-reports-2025-results-and-issues-2026-outlook.html",{"Revenue (FY2025; USD million)":445,"Earnings from operations (FY2025; USD million)":446,"Operating cash flow (FY2025; USD million)":447,"Diluted EPS (FY2025; USD\u002Fshare)":448,"Adjusted diluted EPS (FY2025; USD\u002Fshare ; non-GAAP)":449,"Net margin (FY2025; percent)":450},447600,19000,19700,13.23,16.35,2.7,[452,454,457,459,460,462],{"label":142,"value":445,"unit":26,"period":27,"basis":28,"precision":453},"rounded from USD 447.6 billion",{"label":455,"value":446,"unit":26,"period":27,"basis":28,"precision":456},"Earnings from operations","rounded from USD 19.0 billion",{"label":148,"value":447,"unit":26,"period":27,"basis":28,"precision":458},"rounded from USD 19.7 billion",{"label":39,"value":448,"unit":40,"period":27,"basis":28,"precision":29},{"label":461,"value":449,"unit":40,"period":27,"basis":186,"precision":29},"Adjusted diluted EPS",{"label":463,"value":450,"unit":189,"period":27,"basis":28,"precision":29},"Net margin","A large revenue base is not a profit forecast","An insurer and health-services group can report very large revenue while retaining a much smaller earnings share. Costs of medical care and the mix of services affect that relationship. The adjusted EPS figure is a supplementary measure, so it is shown beside rather than substituted for the GAAP result.",{"symbol":467,"companyName":468,"exchange":51,"sector":440,"industry":469,"currency":10,"description":470,"asOfDate":270,"sourceUrl":471,"financials":472,"metrics":485,"verifiedAt":44,"reportingBasis":45,"focus":505,"analysis":506},"ABBV","AbbVie Inc.","Biopharmaceuticals","AbbVie reports prescription medicines across immunology, neuroscience, oncology and other portfolios. The earnings release separates GAAP earnings from adjusted results and separately identifies acquired research and development charges.","https:\u002F\u002Fnews.abbvie.com\u002F2026-02-04-AbbVie-Reports-Full-Year-and-Fourth-Quarter-2025-Financial-Results",{"Net revenues (FY2025; USD million)":473,"Operating earnings (FY2025; USD million)":474,"Net earnings attributable to AbbVie (FY2025; USD million)":475,"Research and development (FY2025; USD million)":476,"Acquired IPR&D and milestones (FY2025; USD million)":477,"Immunology portfolio net revenues (FY2025; USD million)":478,"Skyrizi net revenues (FY2025; USD million)":479,"Rinvoq net revenues (FY2025; USD million)":480,"Humira net revenues (FY2025; USD million)":481,"Diluted EPS (FY2025; USD\u002Fshare)":482,"Net revenues (FY2024; USD million)":483,"Net earnings attributable to AbbVie (FY2024; USD million)":484},61160,15075,4226,9096,5016,30406,17562,8304,4540,2.36,56334,4278,[486,487,489,491,492,494,496,498,500,502,503,504],{"label":105,"value":473,"unit":26,"period":27,"basis":28,"precision":29},{"label":488,"value":474,"unit":26,"period":27,"basis":28,"precision":29},"Operating earnings",{"label":490,"value":475,"unit":26,"period":27,"basis":28,"precision":29},"Net earnings attributable to AbbVie",{"label":152,"value":476,"unit":26,"period":27,"basis":28,"precision":29},{"label":493,"value":477,"unit":26,"period":27,"basis":28,"precision":29},"Acquired IPR&D and milestones",{"label":495,"value":478,"unit":26,"period":27,"basis":28,"precision":29},"Immunology portfolio net revenues",{"label":497,"value":479,"unit":26,"period":27,"basis":28,"precision":29},"Skyrizi net revenues",{"label":499,"value":480,"unit":26,"period":27,"basis":28,"precision":29},"Rinvoq net revenues",{"label":501,"value":481,"unit":26,"period":27,"basis":28,"precision":29},"Humira net revenues",{"label":39,"value":482,"unit":40,"period":27,"basis":28,"precision":29},{"label":105,"value":483,"unit":26,"period":42,"basis":28,"precision":29},{"label":490,"value":484,"unit":26,"period":42,"basis":28,"precision":29},"Portfolio growth and research charges","Total revenue combines medicines with different commercial trajectories. Product-level sales therefore provide useful context for the group total. Acquired IPR&D and recurring R&D are separate expense captions; adding them together without explaining the distinction can obscure how acquisitions affect reported earnings.",{"symbol":508,"companyName":509,"exchange":51,"sector":510,"industry":511,"currency":10,"description":512,"asOfDate":270,"sourceUrl":513,"financials":514,"metrics":524,"verifiedAt":44,"reportingBasis":45,"focus":539,"analysis":540},"DUK","Duke Energy Corporation","Utilities","Regulated electric and natural gas utilities","Duke Energy reports regulated electric and natural gas utilities. The figures here are from the Duke Energy Corporation consolidated statement, not the separate subsidiary registrants included in the same combined filing.","https:\u002F\u002Fwww.sec.gov\u002FArchives\u002Fedgar\u002Fdata\u002F81020\u002F000132616026000014\u002Fduk-20251231.htm",{"Operating revenues (FY2025; USD million)":515,"Regulated electric revenues (FY2025; USD million)":516,"Regulated natural gas revenues (FY2025; USD million)":517,"Operating income (FY2025; USD million)":518,"Interest expense (FY2025; USD million)":519,"Depreciation and amortization (FY2025; USD million)":520,"Income from continuing operations (FY2025; USD million)":521,"Operating revenues (FY2024; USD million)":522,"Operating income (FY2024; USD million)":523},32237,29060,2870,8626,3634,6324,5070,30357,7926,[525,527,529,531,532,533,535,537,538],{"label":526,"value":515,"unit":26,"period":27,"basis":28,"precision":29},"Operating revenues",{"label":528,"value":516,"unit":26,"period":27,"basis":28,"precision":29},"Regulated electric revenues",{"label":530,"value":517,"unit":26,"period":27,"basis":28,"precision":29},"Regulated natural gas revenues",{"label":35,"value":518,"unit":26,"period":27,"basis":28,"precision":29},{"label":289,"value":519,"unit":26,"period":27,"basis":28,"precision":29},{"label":534,"value":520,"unit":26,"period":27,"basis":28,"precision":29},"Depreciation and amortization",{"label":536,"value":521,"unit":26,"period":27,"basis":28,"precision":29},"Income from continuing operations",{"label":526,"value":522,"unit":26,"period":42,"basis":28,"precision":29},{"label":35,"value":523,"unit":26,"period":42,"basis":28,"precision":29},"One filing, several reporting entities","The combined annual filing includes consolidated statements for the parent and several utility subsidiaries. The first number found by a text search may belong to a different registrant. Matching the heading, entity name and period is essential before comparing a revenue or debt balance with another utility.",{"symbol":542,"companyName":543,"exchange":51,"sector":510,"industry":544,"currency":10,"description":545,"asOfDate":270,"sourceUrl":546,"financials":547,"metrics":555,"verifiedAt":44,"reportingBasis":45,"focus":568,"analysis":569},"SO","The Southern Company","Electric and natural gas utilities","Southern Company reports utility and related energy businesses. This profile uses selected annual figures from the earnings release, including both reported and clearly labelled adjusted EPS. The revenue summary is rounded to one decimal billion dollars.","https:\u002F\u002Fwww.southerncompany.com\u002Fnewsroom\u002Ffinancials\u002Fsouthern-company-reports-fourth-quarter-and-full-year-2025-earnings.html",{"Operating revenues (FY2025; USD million)":548,"Net income as reported (FY2025; USD million)":549,"Reported EPS (FY2025; USD\u002Fshare)":550,"Adjusted EPS (FY2025; USD\u002Fshare ; non-GAAP)":551,"Operating revenues (FY2024; USD million)":552,"Net income as reported (FY2024; USD million)":553,"Reported EPS (FY2024; USD\u002Fshare)":554},29600,4341,3.94,4.3,26700,4401,4.02,[556,558,560,562,564,566,567],{"label":526,"value":548,"unit":26,"period":27,"basis":28,"precision":557},"rounded from USD 29.6 billion",{"label":559,"value":549,"unit":26,"period":27,"basis":28,"precision":29},"Net income as reported",{"label":561,"value":550,"unit":40,"period":27,"basis":28,"precision":29},"Reported EPS",{"label":563,"value":551,"unit":40,"period":27,"basis":186,"precision":29},"Adjusted EPS",{"label":526,"value":552,"unit":26,"period":42,"basis":28,"precision":565},"rounded from USD 26.7 billion",{"label":559,"value":553,"unit":26,"period":42,"basis":28,"precision":29},{"label":561,"value":554,"unit":40,"period":42,"basis":28,"precision":29},"Why an adjusted result needs a reconciliation","Annual reported earnings declined while the adjusted per-share comparison moved differently. This makes the reconciliation material rather than optional reading. Revenue growth cannot resolve the difference on its own; exclusions, share counts and expense changes should be examined separately.",{"symbol":571,"companyName":572,"exchange":51,"sector":573,"industry":574,"currency":10,"description":575,"asOfDate":270,"sourceUrl":576,"financials":577,"metrics":589,"verifiedAt":44,"reportingBasis":45,"focus":607,"analysis":608},"AMT","American Tower Corporation","Real Estate","Communications infrastructure REIT","American Tower reports property and services revenues from communications infrastructure and related operations. The selected GAAP table uses the detailed statement precision. AFFO is a separately labelled non-GAAP measure, not net income.","https:\u002F\u002Famericantower.gcs-web.com\u002Fnode\u002F28631",{"Operating revenues (FY2025; USD million)":578,"Property revenues (FY2025; USD million)":579,"Services revenues (FY2025; USD million)":580,"Operating income (FY2025; USD million)":581,"Total assets (2025-12-31; USD million)":582,"Total liabilities (2025-12-31; USD million)":583,"Operating cash flow (FY2025; USD million)":584,"AFFO attributable to common stockholders (FY2025; USD million ; non-GAAP)":585,"Diluted EPS attributable to common stockholders (FY2025; USD\u002Fshare)":586,"Operating revenues (FY2024; USD million)":587,"Operating income (FY2024; USD million)":588},10644.6,10305,339.6,4845.8,63190.4,52835.1,5464,5042,5.4,10127.2,4516.5,[590,591,593,595,596,597,599,601,603,605,606],{"label":526,"value":578,"unit":26,"period":27,"basis":28,"precision":29},{"label":592,"value":579,"unit":26,"period":27,"basis":28,"precision":29},"Property revenues",{"label":594,"value":580,"unit":26,"period":27,"basis":28,"precision":29},"Services revenues",{"label":35,"value":581,"unit":26,"period":27,"basis":28,"precision":29},{"label":226,"value":582,"unit":26,"period":270,"basis":28,"precision":29},{"label":598,"value":583,"unit":26,"period":270,"basis":28,"precision":29},"Total liabilities",{"label":148,"value":584,"unit":26,"period":27,"basis":28,"precision":600},"earnings-summary rounded USD million",{"label":602,"value":585,"unit":26,"period":27,"basis":186,"precision":600},"AFFO attributable to common stockholders",{"label":604,"value":586,"unit":40,"period":27,"basis":28,"precision":29},"Diluted EPS attributable to common stockholders",{"label":526,"value":587,"unit":26,"period":42,"basis":28,"precision":29},{"label":35,"value":588,"unit":26,"period":42,"basis":28,"precision":29},"AFFO and GAAP income are different lenses","A REIT cash-oriented performance measure is not interchangeable with GAAP earnings. Depreciation, disposals and other adjustments can affect the gap. For comparisons, keep the detailed operating statement, the definition of AFFO and the reconciliation together rather than presenting AFFO as an unqualified profit figure.",{"symbol":610,"companyName":611,"exchange":7,"sector":612,"industry":613,"currency":10,"description":614,"asOfDate":270,"sourceUrl":615,"financials":616,"metrics":627,"verifiedAt":44,"reportingBasis":45,"focus":641,"analysis":642},"LIN","Linde plc","Materials","Industrial gases and engineering","Linde reports industrial gases and engineering operations. Its annual report provides both reported and adjusted performance. This profile keeps GAAP income, operating cash flow and capital expenditure as separate measures.","https:\u002F\u002Fassets.linde.com\u002F-\u002Fmedia\u002Fglobal\u002Fcorporate\u002Fcorporate\u002Fdocuments\u002Finvestors\u002Ffull-year-financial-reports\u002F2025-annual-report-to-shareholders.pdf",{"Sales (FY2025; USD million)":617,"Operating profit (FY2025; USD million)":618,"Net income (FY2025; USD million)":619,"Diluted EPS (FY2025; USD\u002Fshare)":620,"Operating cash flow (FY2025; USD million)":621,"Capital expenditures (FY2025; USD million)":622,"Adjusted operating profit (FY2025; USD million ; non-GAAP)":623,"Sales (FY2024; USD million)":624,"Net income (FY2024; USD million)":625,"Operating cash flow (FY2024; USD million)":626},33986,8923,6898,14.61,10350,5261,10137,33005,6565,9423,[628,630,632,633,634,635,636,638,639,640],{"label":629,"value":617,"unit":26,"period":27,"basis":28,"precision":29},"Sales",{"label":631,"value":618,"unit":26,"period":27,"basis":28,"precision":29},"Operating profit",{"label":37,"value":619,"unit":26,"period":27,"basis":28,"precision":29},{"label":39,"value":620,"unit":40,"period":27,"basis":28,"precision":29},{"label":148,"value":621,"unit":26,"period":27,"basis":28,"precision":29},{"label":183,"value":622,"unit":26,"period":27,"basis":28,"precision":29},{"label":637,"value":623,"unit":26,"period":27,"basis":186,"precision":29},"Adjusted operating profit",{"label":629,"value":624,"unit":26,"period":42,"basis":28,"precision":29},{"label":37,"value":625,"unit":26,"period":42,"basis":28,"precision":29},{"label":148,"value":626,"unit":26,"period":42,"basis":28,"precision":29},"Capital expenditure changes the cash perspective","Operating cash flow is measured before capital expenditure. A capital-intensive supplier can generate cash and also need substantial reinvestment. Subtracting disclosed capital expenditure provides a simple analytical residual, but it should be labelled as a calculation and should not be confused with a universal company-defined free-cash-flow measure.",{"symbol":644,"companyName":645,"exchange":51,"sector":646,"industry":647,"currency":10,"description":648,"asOfDate":270,"sourceUrl":649,"financials":650,"metrics":661,"verifiedAt":44,"reportingBasis":45,"focus":672,"analysis":673},"UPS","United Parcel Service, Inc.","Industrials","Parcel delivery and logistics","UPS reports parcel transportation and supply-chain services. The profile uses the consolidated annual GAAP figures, rather than replacing them with adjusted operating profit or adjusted earnings per share.","https:\u002F\u002Finvestors.ups.com\u002Fsec-filings\u002Fall-sec-filings\u002Fcontent\u002F0001628280-26-008432\u002Fups-20251231.htm",{"Revenue (FY2025; USD million)":651,"Operating expenses (FY2025; USD million)":652,"Operating profit (FY2025; USD million)":653,"Net income (FY2025; USD million)":654,"Operating margin (FY2025; percent)":655,"Diluted EPS (FY2025; USD\u002Fshare)":656,"Revenue (FY2024; USD million)":657,"Operating profit (FY2024; USD million)":658,"Net income (FY2024; USD million)":659,"Diluted EPS (FY2024; USD\u002Fshare)":660},88661,80794,7867,5572,8.9,6.56,91070,8468,5782,6.75,[662,663,664,665,666,667,668,669,670,671],{"label":142,"value":651,"unit":26,"period":27,"basis":28,"precision":29},{"label":253,"value":652,"unit":26,"period":27,"basis":28,"precision":29},{"label":631,"value":653,"unit":26,"period":27,"basis":28,"precision":29},{"label":37,"value":654,"unit":26,"period":27,"basis":28,"precision":29},{"label":188,"value":655,"unit":189,"period":27,"basis":28,"precision":29},{"label":39,"value":656,"unit":40,"period":27,"basis":28,"precision":29},{"label":142,"value":657,"unit":26,"period":42,"basis":28,"precision":29},{"label":631,"value":658,"unit":26,"period":42,"basis":28,"precision":29},{"label":37,"value":659,"unit":26,"period":42,"basis":28,"precision":29},{"label":39,"value":660,"unit":40,"period":42,"basis":28,"precision":29},"Volume, pricing and the cost base","Parcel revenue and profit need not move proportionately. Shipment volume, yield, service mix and the network cost base can each matter. The annual GAAP comparison shows a larger proportional decline in operating profit than revenue; a causal explanation still needs the operational discussion rather than a single aggregate ratio.",{"symbol":675,"companyName":676,"exchange":7,"sector":677,"industry":678,"currency":10,"description":679,"asOfDate":270,"sourceUrl":680,"financials":681,"metrics":692,"verifiedAt":44,"reportingBasis":45,"focus":707,"analysis":708},"TMUS","T-Mobile US, Inc.","Communication Services","Wireless telecommunications","T-Mobile reports wireless service, equipment and other revenues. Equipment revenue and equipment costs are shown separately from the recurring service business. The reporting period is the calendar year ended December 31, 2025.","https:\u002F\u002Finvestor.t-mobile.com\u002Fstatic-files\u002F2aea9b10-c0a2-40ac-b24a-0f9162e8aace",{"Total revenues (FY2025; USD million)":682,"Service revenues (FY2025; USD million)":683,"Equipment revenues (FY2025; USD million)":684,"Other revenues (FY2025; USD million)":685,"Operating income (FY2025; USD million)":686,"Net income (FY2025; USD million)":687,"Depreciation and amortization (FY2025; USD million)":688,"Total revenues (FY2024; USD million)":689,"Operating income (FY2024; USD million)":690,"Net income (FY2024; USD million)":691},88309,71306,15972,1031,18279,10992,13508,81400,18010,11339,[693,695,697,699,701,702,703,704,705,706],{"label":694,"value":682,"unit":26,"period":27,"basis":28,"precision":29},"Total revenues",{"label":696,"value":683,"unit":26,"period":27,"basis":28,"precision":29},"Service revenues",{"label":698,"value":684,"unit":26,"period":27,"basis":28,"precision":29},"Equipment revenues",{"label":700,"value":685,"unit":26,"period":27,"basis":28,"precision":29},"Other revenues",{"label":35,"value":686,"unit":26,"period":27,"basis":28,"precision":29},{"label":37,"value":687,"unit":26,"period":27,"basis":28,"precision":29},{"label":534,"value":688,"unit":26,"period":27,"basis":28,"precision":29},{"label":694,"value":689,"unit":26,"period":42,"basis":28,"precision":29},{"label":35,"value":690,"unit":26,"period":42,"basis":28,"precision":29},{"label":37,"value":691,"unit":26,"period":42,"basis":28,"precision":29},"Wireless service and equipment have different economics","Service revenue and handset or equipment revenue belong to the same consolidated statement but have different cost relationships. A shift between them can change the consolidated revenue total without the same change in recurring service economics. Depreciation is also material in a network business and remains an expense in the GAAP operating result.",1794754471913]