Investment Best Practices: Timeless Wisdom from Peter Lynch Overcoming "Unbuyer's Remorse" Peter Lynch's candid reflection on missing CML Group's tenfold stock price increase from 1990-1992 provides valuable lessons that remain relevant to investors in 2025. Key Insights from Lynch's Experience
Investment Best Practices: Timeless Wisdom from Peter Lynch IPO Insights for the Modern Investor Peter Lynch, who retired in 1990 after making Magellan Fund the best-performing mutual fund over a 15-year period, shared valuable insights about Initial Public Offerings (IPOs) that remain relevant today. While his newsletter was written in
Peter Lynch's Investment Wisdom: From 1993 to 2025 INVEST IN WHAT YOU KNOW In his 1993 letter, legendary fund manager Peter Lynch challenged the growing fascination with foreign investments. His wisdom remains relevant in 2025, even as global markets have become increasingly interconnected. Key Investment Principles: 1. Focus
Investment Best Practices: Peter Lynch's Timeless Wisdom From "Besting the Blundering Herd" (1993) to Today (2025) The Amateur Investor's Edge Peter Lynch, legendary manager of Fidelity's Magellan Fund until 1990, argued that individual investors have significant advantages over professional fund managers—advantages
Investment Best Practices: Lessons from Amazon's Early Days Looking Back to Look Forward: Bezos' 1999 Vision in 2025 In 1999, as the dot-com bubble was approaching its peak, Jeff Bezos outlined a vision for Amazon that seemed ambitious to many investors. Over 25 years later, those principles
Investment Best Practices: Timeless Wisdom from Jeff Bezos Think Long-Term "It's All About the Long Term" Jeff Bezos emphasized in his 1997-1998 shareholder letters that investment decisions should be made with a long-term perspective. While this approach was revolutionary for e-commerce in the late 90s, it
Investment Wisdom from Amazon's Early Days: A Guide for Novice Investors Introduction In 1997, Amazon was just beginning its journey, with $147.8 million in revenue and 1.5 million customers. Looking back from 2025, Jeff Bezos' early investment philosophy has proven remarkably prescient. This one-pager distills
Peter Lynch's Investment Best Practices Key Investment Principles from "Investing on the House" Follow Economic Cycles Strategically * Anticipate recovery phases: Look at housing and related sectors first during economic recoveries * Recognize timing disparities: Different segments within an industry recover at different times * Stay ahead of the
Peter Lynch's Investment Best Practices: Cyclical Stocks Understanding Cyclicals What are cyclical stocks? * Companies that prosper in good economic times and suffer in bad ones * Make expensive products or luxury items that customers can delay purchasing * Examples: steel, aluminum, auto manufacturers, hotels, expensive restaurants, machinery, homebuilders, appliance companies,
Peter Lynch's Investment Best Practices: Biotech and Beyond Lessons from the Biotech Sector Find Value Through Strategic Partnerships * Consider established pharmaceutical giants that partner with biotech firms to reduce risk while gaining exposure to innovative treatments * Look for biotech companies with strong partnerships that solve the "liquidity
Peter Lynch's Investment Best Practices: Lessons from Biotech Key Insights from "Of Betting on Biotech" (1993) The Biotech Paradox Despite the biotech industry's overall promise (40% annual returns possible from 1986-1992), individual companies face tremendous obstacles. Lynch notes that while biogenetics is "an
Peter Lynch's Smart Giving Strategies Maximizing Charitable Impact While Minimizing Taxes Peter Lynch, the legendary investor who managed Fidelity's Magellan Fund (the best-performing mutual fund over a 15-year period), shares valuable insights on incorporating charitable giving into investment strategy. Core Philosophy "Most of us spend
PETER LYNCH'S INVESTMENT BEST PRACTICES Overcoming "Unbuyer's Remorse" In his April 1993 letter discussing CML Group and NordicTrack, legendary investor Peter Lynch shares key investment insights that are still relevant today: 1. Don't Let Nagging Doubts Override Clear Positive Signals Lynch missed
Peter Lynch's IPO Investment Best Practices Understanding IPO Dynamics * IPOs (Initial Public Offerings) are priced strategically by underwriters to satisfy both the company and initial investors * New issues tend to do well in their first three months of existence * IPOs come in waves that typically correspond to stock
Warren Buffett's Investment Principles Distilled from the 2022 Berkshire Hathaway Letter to Shareholders Focus on Business Quality, Not Stock Prices "Charlie and I are not stock-pickers; we are business-pickers." Buffett emphasizes looking beyond stock price movements to understand the underlying business fundamentals. The goal is to
Warren Buffett's Investment Best Practices Insights from Berkshire Hathaway's Annual Letter Focus on Business Fundamentals, Not Stock Prices "We own stocks based upon our expectations about their long-term business performance and not because we view them as vehicles for timely market moves. That point is
Warren Buffett's Investment Best Practices Insights from Berkshire Hathaway's 2020 Shareholder Letter Focus on Long-Term Value Creation * Think like a business owner, not a trader: "What worked for Carnegie and Rockefeller has, over the years, worked its magic for millions of shareholders as well."
Insights from Berkshire Hathaway's 2019 Annual Letter Focus on the Long Term * Think like a business owner, not a stock trader: "What we see in our holdings is an assembly of companies that we partly own and that, on a weighted basis, are earning more than 20%
Buffett's Investment Best Practices: Lessons from the 2018 Annual Letter Focus on Business Fundamentals * Look for companies with favorable and durable economic characteristics: Seek businesses that generate substantial earnings relative to tangible equity capital (approximately 20% returns for Berkshire's major stock holdings). * Seek businesses that operate
Warren Buffett's Investment Best Practices Lessons from Berkshire Hathaway's 2017 Annual Letter Core Investment Principles 1. Focus on Long-Term Value * View stocks as ownership interests in businesses, not as ticker symbols or trading opportunities * Expect that successful businesses will yield successful investments over time * Remember Ben
Investment Best Practices from Warren Buffett Distilled from Berkshire Hathaway's 2016 Annual Letter Index Fund Superiority * Low-cost S&P 500 index funds outperform most actively managed funds over the long term * The 9-year bet between Buffett (S&P 500 index fund) and Protégé Partners (hedge funds)
PETER LYNCH'S INVESTMENT BEST PRACTICES Invest in America First Lynch argues strongly for prioritizing investments in American companies rather than rushing to foreign stocks. As the former manager of the Magellan Fund and one of the most successful investors of his time, he provides several compelling reasons: American
Investment Best Practices from Peter Lynch The Amateur Investor's Edge Peter Lynch argues that individual investors have significant advantages over institutional investors (what he calls the "Thundering Herd" or "Blundering Herd"). Rather than feeling intimidated by professionals, amateur investors should: * Use personal knowledge: Leverage
Warren Buffett's Investment Best Practices Distilled from Berkshire Hathaway's 2015 Annual Letter Core Investment Philosophy * Focus on intrinsic value: Book value is just a starting point. True intrinsic value is what matters and often exceeds book value significantly. * Long-term perspective: "For 240 years it'
Warren Buffett's Investment Best Practices Distilled from the 2014 Berkshire Hathaway Annual Letter Core Investment Philosophy * Buy wonderful businesses at fair prices, not fair businesses at wonderful prices * Focus on businesses with durable competitive advantages that give significant pricing power * Long-term perspective is essential: "If you aren&
Buffett's Investment Best Practices Focus on Business Fundamentals * Focus on the future productivity of the asset, not price fluctuations * Think of stocks as small portions of businesses, not ticker symbols * Evaluate investments based on their intrinsic value and earnings power * Understand that a wonderful business at a fair
Buffett's Investment Best Practices: Lessons from Berkshire Hathaway Core Investment Principles * Intrinsic Business Value: Focus on businesses where the intrinsic value significantly exceeds book value. A business's intrinsic value comprises both quantitative measures (per-share investments and pre-tax earnings) and qualitative assessments. * Long-Term Perspective: "American business
Warren Buffett's Investment Best Practices From the 2011 Berkshire Hathaway Annual Letter The True Definition of Investing "Investing is forgoing consumption now in order to have the ability to consume more at a later date." Investment Principles Intrinsic Value Over Market Fluctuations * Judge investments by their
Warren Buffett's investment best practices Distilled from the 2010 Berkshire Hathaway Annual Letter Core Investment Philosophy * Focus on intrinsic value - Book value is a useful but understated proxy that provides a reasonable tracking device * Take a long-term perspective - "Time is the friend of the wonderful
Warren Buffett's Investment Best Practices Insights from the 2009 Berkshire Hathaway Shareholder Letter Business Evaluation and Selection * Focus on predictability: "We avoid businesses whose futures we can't evaluate, no matter how exciting their products may be." * Long-term view: Look for businesses with profit pictures
WARREN BUFFETT'S INVESTMENT BEST PRACTICES Insights from Berkshire Hathaway's 2008 Annual Letter Core Investment Principles 1. Focus on Long-Term Value, Not Short-Term Price * "Price is what you pay; value is what you get." - Ben Graham * Quality investments at discounted prices represent opportunity * Market
Warren Buffett's Investment Best Practices Distilled from Berkshire Hathaway 2007 Annual Letter The Ideal Business: What Buffett Looks For 1. Understandable business model - Invest only in what you can comprehend 2. Favorable long-term economics - Seek companies with enduring competitive advantages 3. Trustworthy and capable management -
Warren Buffett's Investment Best Practices From Berkshire Hathaway's 2006 Annual Letter Core Investment Principles 1. Focus on intrinsic business value - Not market fluctuations or short-term metrics, but the underlying economics of the business. 2. Look for businesses with excellent fundamentals - Seek companies that increase
Warren Buffett's Investment Best Practices Distilled from the 2005 Berkshire Hathaway Annual Letter Core Investment Philosophy * Focus on intrinsic value: The goal is to estimate a business's intrinsic value - though calculations are "necessarily imprecise and often seriously wrong." * Long-term perspective: Berkshire buys to
Investment Best Practices from Warren Buffett's Letter Focus on Business Fundamentals, Not Market Movements Buffett emphasizes viewing stocks as "fractional ownerships in businesses" rather than trading vehicles. He has maintained this perspective since age 19, when he read Ben Graham's "The Intelligent Investor.
Buffett's Investment Best Practices Insights from the 2003 Berkshire Hathaway Annual Letter Business Quality Over Market Timing * Seek businesses with favorable and enduring economic characteristics * Focus on companies run by talented and honest managers * Purchase only at sensible prices * Prioritize entire businesses over stocks when valuations are similar
Warren Buffett's Investment Best Practices Based on Buffett's 2002 shareholder letter, here are the key investment principles and best practices he outlines: Value and Price Discipline * Only invest when you see a "very high probability of at least 10% pre-tax returns" * Be willing to
Warren Buffett's Investment Best Practices Based on Buffett's 1995 letter to Berkshire Hathaway shareholders, here are the key investment principles he advocates: Business Fundamentals * Focus on businesses with excellent economic characteristics - Buffett looks for companies with sustainable competitive advantages or "economic castles protected by
Warren Buffett's Investment Best Practices Distilled from the 2001 Berkshire Hathaway Annual Letter Core Investment Principles 1. Focus on intrinsic value, not market fluctuations * Book value is a useful metric but intrinsic value is the true measure of a business's worth * Long-term investors should measure performance
Warren Buffett's Investment Best Practices Based on Berkshire Hathaway's 2000 Annual Letter, here are Warren Buffett's key investment principles: Value Investing Fundamentals * Focus on intrinsic value rather than market sentiment or trends * Evaluate investments using Aesop's timeless formula: "A bird in
Warren Buffett's Investment Best Practices Extracted from Berkshire Hathaway's 1999 Annual Letter to Shareholders Fundamental Investment Principles Focus on Intrinsic Value * Definition: The actual value of a business based on its future cash flows, not its market price. * "Intrinsic value is discussed on page 60
Warren Buffett's Investment Best Practices Insights from the 1998 Berkshire Hathaway Shareholder Letter Focus on Intrinsic Value, Not Book Value * "It's the per-share gain in intrinsic value that counts rather than the per-share gain in book value." * Intrinsic value represents the true economic worth
Investment Best Practices from Warren Buffett's 1997 Letter The Ted Williams Discipline "We try to exert a Ted Williams kind of discipline. In his book The Science of Hitting, Ted explains that he carved the strike zone into 77 cells, each the size of a baseball. Swinging
Buffett's Investment Best Practices Extracted from Warren Buffett's 1996 Letter to Berkshire Hathaway Shareholders Core Investment Philosophy Buffett focuses on acquiring businesses with excellent economics and able, honest management at sensible prices - whether buying entire businesses or minority stakes in public companies. The "Inevitables&
Buffett's Investment Best Practices Based on Warren Buffett's 1994 letter to Berkshire Hathaway shareholders, here are the key investment principles and best practices he advocates: Focus on Business Fundamentals * "Purchase at sensible prices of businesses that have good underlying economics and are run by honest
Warren Buffett's Investment Best Practices Distilled from the 1993 Berkshire Hathaway Shareholder Letter Focus on Intrinsic Value * Book value vs. intrinsic value: Book value is an accounting term measuring capital put into a business. Intrinsic value is the present value of cash that can be taken out during
Buffett's Investment Best Practices Key Insights from the 1992 Berkshire Hathaway Shareholder Letter Acquisition Philosophy * Look for excellent economic characteristics and management you like, trust, and admire * Be active, interested, and open-minded in searching for businesses, but never be in a hurry * Buy good businesses at fair prices
Buffett's Investment Best Practices Based on Warren Buffett's 1991 Berkshire Hathaway shareholder letter, here are the key investment principles he advocates: Business Selection * Focus on businesses with "understandable, enduring and mouth-watering economics" run by shareholder-oriented management * Seek companies with untapped pricing power (as demonstrated
Buffett's Investment Best Practices Key Principles from the 1990 Berkshire Hathaway Shareholder Letter Intrinsic Value Focus * Intrinsic value exceeds book value in quality businesses * Aim for 15% annual growth in intrinsic value * Use accounting numbers as a starting point, not an endpoint * Consider "look-through earnings" that
Investment Best Practices from Warren Buffett's 1989 Shareholder Letter Intrinsic Value vs. Book Value * What counts is intrinsic value - the present value of future cash flows discounted at prevailing interest rates * Book value is often misleading; businesses can be worth far more (or less) than their carrying
Warren Buffett's Investment Best Practices From the 1988 Berkshire Hathaway Shareholder Letter Core Investment Philosophy * Focus on intrinsic business value - Book value is just a starting point; what matters is what the constituent businesses are actually worth. * Long-term perspective - "When we own portions of outstanding
Warren Buffett's Investment Best Practices Extracted from Berkshire Hathaway's 1987 Shareholder Letter Core Investment Philosophy Focus on Business Value, Not Stock Prices * "What counts is the rate of gain in per-share business value, not book value." * Approach stock purchases as if buying into a
Warren Buffett's Investment Best Practices Based on Buffett's 1986 letter to Berkshire Hathaway shareholders, here are his key investment principles: Focus on Business Fundamentals * Seek businesses with "excellent economics, run by talented, high-grade" managers who love what they do * Look for companies with strong
Warren Buffett's Investment Best Practices: Lessons from 1985 Letter Based on Warren Buffett's 1985 letter to Berkshire Hathaway shareholders, here are the key investment principles and best practices he advocates: Business Fundamentals 1. Focus on business economics, not market movements: The best managerial record is more
Warren Buffett's Investment Best Practices From the 1984 Berkshire Hathaway Annual Letter Core Investment Philosophy * Intrinsic Business Value: Focus on growth in per-share intrinsic business value as the true economic measurement, not accounting earnings. * Businesslike Approach: View investments (including bonds) through a businessperson's perspective - "
Buffett's Wisdom: Looking Beyond Accounting Numbers in Business Valuation Warren Buffett's 1983 letter to Berkshire Hathaway shareholders contains timeless investment principles that remain relevant for investors today. Here are the key investment practices Buffett emphasizes: Accounting Numbers vs. Economic Reality * Accounting earnings are just the beginning,
Warren Buffett's Investment Best Practices Insights from the 1982 Berkshire Hathaway Letter Core Principles Focus on Business Quality Over Size * "If something's not worth doing at all, it's not worth doing well" * Avoid small commitments; seek opportunities to deploy large sums effectively
Warren Buffett's Investment Best Practices From the 1979 Berkshire Hathaway Annual Letter Performance Measurement * The primary test of managerial economic performance is achieving a high earnings rate on equity capital employed (without undue leverage or accounting gimmicks) * Earnings per share alone can be misleading as a performance indicator
Warren Buffett's Investment Principles From the 1978 Berkshire Hathaway Shareholder Letter Investment Selection Criteria Buffett commits capital to equity investments only when he finds: 1. Businesses he can understand 2. Favorable long-term prospects 3. Honest and competent management 4. Attractive pricing Value vs. Price Philosophy * Buffett seeks to
Major Wall Street analysts issued significant upgrades across multiple sectors in late March, with bullish price targets showing at least 20% upside. These upgrades reflect optimism in technology, consumer discretionary, internet media, semiconductors, and luxury automotive sectors. COMPANIES UPGRADED 1. CLOUDFLARE (NET) - LARGE CAP TECH * Analyst: Bank of America
Business Model Full Truck Alliance (FTA) operates a digital freight platform connecting shippers and truckers. It generates revenue through freight matching services (freight brokerage, freight listing, and transaction services) and value-added services. Revenue Sources * Freight matching services: Connecting shippers and truckers via a digital platform. * Freight brokerage service: Providing service
Business Model Befesa generates revenue through its two business units: Steel Dust and Aluminium Salt Slags recycling services. It manages and recycles around 1.9 million tonnes of residues annually, with a production of around 1.7 million tonnes of new materials, which Befesa reintroduces in the market. Revenue Sources
Business Model MongoDB generates revenue through subscription services (MongoDB Atlas, Enterprise Advanced) and professional services. Revenue Sources * Subscription revenue: Primarily from MongoDB Atlas (cloud database) and Enterprise Advanced (on-premise database). * Services revenue: Consulting, training, and support services related to MongoDB products. Revenue Distribution by Channel * Direct Sales Customers represented 88%
Business Model Rigetti generates revenue through the sale of quantum processors (QPUs), quantum systems, and cloud services. Revenue Sources * Quantum Cloud Services (QCS) platform, accessible via direct access, Microsoft Azure, and Amazon Braket. * On-premises quantum computing systems sales to national laboratories and quantum computing centers. * Sale of Novera QPUs to
Business Model Zscaler generates revenue from subscriptions to its cloud security platform, providing secure connections for users, devices, and applications. Revenue is primarily derived from annual subscriptions invoiced in advance. Revenue Sources * Subscriptions to the Zscaler Zero Trust Exchange platform * Related support services Income Statement Analysis * Revenue increased by 23%
Business Model Veeva generates revenue through subscription services and professional services related to its cloud-based software solutions for the life sciences industry. Revenue Sources * Subscription services: Recurring revenue from cloud-based software subscriptions. * Professional services and other: Revenue from implementation, consulting, and other related services. Income Statement Analysis * Total revenue increased
Business Model LendingTree operates an online financial services marketplace, connecting consumers with a network of approximately 430 financial partners for loans, credit cards, insurance, and more. Revenue Sources * Referral fees from lenders and insurance carriers when consumers connect with them through the platform. * Advertising revenue from financial partners. * Revenue from
Business Model New Fortress Energy generates revenue through the operation of natural gas and liquefied natural gas (LNG) infrastructure, an integrated fleet of ships, and logistics assets. Key activities include delivering turnkey energy solutions to global markets, supplying gas to power plants, and vessel chartering. Revenue Sources * Operating revenue (e.
Business Model Credo Technology Group Holding Ltd generates revenue primarily through product sales (ICs, AECs, SerDes Chiplets), product engineering services, and IP licensing. Revenue Sources * Product Sales: $129.371 million in Q3 2025 (Exhibit 99.1) * Product Engineering Services: $2.667 million in Q3 2025 (Exhibit 99.1) * IP License:
Business Model Best Buy generates revenue through the sale of consumer electronics, computing and mobile phones, appliances, entertainment products, and services through its stores and online channels. Revenue Sources * Domestic segment: Sales in the U.S. * International segment: Sales in Canada Revenue Distribution by Channel * Domestic online revenue was 39.
Business Model AeroVironment generates revenue through product sales (Uncrewed Systems, Loitering Munition Systems and MacCready Works) and contract services. The company serves defense, government and commercial customers. Revenue Sources * Product Sales: Uncrewed Systems (UxS), Loitering Munitions Systems (LMS), MacCready Works (MW) * Contract Services: Services related to the above product segments.
Business Model 908 Devices generates revenue primarily from sales of handheld and desktop devices for chemical analysis, as well as recurring revenue from consumables, accessories, and services. After the divestiture, the company is focusing on handheld devices. Revenue Sources * Handheld devices (MX908 and FTIR products) * Desktop devices (prior to divestiture)
Business Model Box generates revenue primarily through subscription-based sales of its intelligent content management platform to businesses of all sizes. Revenue Sources * Subscription fees for access to the Box platform and its features. * Professional services related to implementation, consulting, and training. Revenue Distribution by Channel * Direct sales to enterprise customers.
Business Model ChargePoint generates revenue through networked charging systems, subscriptions, and other services. Revenue Sources * Networked charging systems: Sales of EV charging stations to businesses and individuals. * Subscriptions: Recurring revenue from software platform and service subscriptions. * Other: Revenue from professional services, installation, and maintenance. Income Statement Analysis * Total revenue decreased
Business Model Stem generates revenue from two primary sources: Services and other revenue (including solar software, storage software, recurring managed services, and project services) and Hardware revenue (including battery hardware resale and edge device hardware). Revenue Sources * Services and other revenue: Generated from solar software, storage software & recurring managed
Business Model AutoZone generates revenue through the retail and distribution of automotive replacement parts and accessories in the Americas. Revenue Sources * Sales of new and remanufactured automotive hard parts, maintenance items, accessories, and non-automotive products. * Commercial sales program providing prompt delivery of parts and other products and commercial credit to
Business Model Flutter Entertainment generates revenue through online sports betting and iGaming, operating various brands globally. Revenue Sources * Sportsbook: Revenue from wagers placed on sporting events. * iGaming: Revenue from online casino games, poker, and other interactive gaming activities. Revenue Distribution by Channel * Online: Majority of revenue is generated through online
Business Model Ross Stores operates Ross Dress for Less and dd's DISCOUNTS. Ross offers in-season, name brand apparel, accessories, footwear, and home fashions at savings of 20% to 60% off department and specialty store regular prices. dd’s DISCOUNTS features a more moderately-priced assortment at savings of 20%
Business Model Nomad Foods is Europe's leading frozen food company. Its revenue is generated through sales of its portfolio of iconic brands, including Birds Eye, Findus, iglo, Ledo and Frikom. Revenue Sources * Frozen food products sold under various brand names Income Statement Analysis * Revenue increased 4.3% year-over-year.
Business Model Okta generates revenue through subscription services for its identity platform, along with professional services and other related offerings. Revenue Sources * Subscription revenue accounts for the vast majority of Okta's revenue, providing recurring income from its identity platform. * Professional services and other revenue contribute a smaller portion,
Business Model GitLab Inc. generates revenue primarily through subscriptions to its DevSecOps platform, both self-managed and SaaS offerings, and license revenue from self-managed software. Revenue Sources * Subscription revenue from self-managed and SaaS offerings. * License revenue from self-managed and other offerings. Income Statement Analysis * Revenue increased by 29% year-over-year, driven by
Business Model TG Therapeutics generates revenue primarily through the sale of BRIUMVI in the U.S. and through licensing and milestone payments from its partner, Neuraxpharm, for commercialization outside of the U.S. Revenue Sources * BRIUMVI U.S. net product sales * License, milestone, royalty, and other revenue from Neuraxpharm Income
Business Model Sensys Gatso Group generates revenue through System Sales and TRaaS (Traffic as a Service). TRaaS includes recurring revenue from maintenance, service within system sales and Managed Services (Operator Services). Revenue Sources * System Sales: Sale of automated systems for speed and red-light enforcement. * TRaaS: Service and Maintenance: Installation, maintenance,
Business Model Novartis generates revenue from the sale of innovative medicines across four core therapeutic areas: Cardiovascular-Renal-Metabolic, Immunology, Neuroscience, and Oncology. Revenue growth is driven by key brands and new product launches. Revenue Sources * Entresto: A key growth driver with robust demand in the US and Europe, indicated for heart
Business Model Scotiabank generates revenue through Canadian Banking, International Banking, Global Wealth Management, and Global Banking and Markets. Revenue Sources * Net interest income from lending activities * Non-interest income from fees, trading, and wealth management Income Statement Analysis * Net interest income increased by 8.4% year-over-year, driven by loan growth and
Business Model Novavax generates revenue primarily through product sales, licensing, royalties, grants, and other collaborative agreements related to its vaccine technology platform. Revenue Sources * Product sales of Nuvaxovid COVID-19 vaccine in various global markets. * Licensing, royalties, and other revenue from partnerships, including the Sanofi CLA. * Grants from governmental and non-governmental
Business Model Sunnova generates revenue through customer agreements and incentives, solar energy system and product sales, loan revenue, and service revenue. Revenue Sources * Customer agreements and incentives (lease, PPA, SREC, incentives) * Solar energy system and product sales (cash sales, direct sales, inventory sales) * Loan revenue * Service revenue Income Statement Analysis
Business Model GigaCloud Technology Inc. generates revenue through its B2B ecommerce platform, the GigaCloud Marketplace, which connects manufacturers primarily in Asia, with resellers, primarily in the U.S., Asia, and Europe. Revenue is derived from service revenues and product revenues. Revenue Sources * Service revenues (shipping, platform fees, etc.) * Product revenues
Business Model NuScale generates revenue primarily through engineering, design, and licensing activities related to its SMR technology, particularly through contracts like the FEED Phase 2 study with RoPower. Revenue Sources * Payments for activities in support of RoPower's development of their power plants. * Licensing of technology (as part of
Business Model California Resources Corporation (CRC) generates revenue from the sale of oil, natural gas, NGLs, electricity, and from marketing purchased commodities. They are also developing a carbon management business. Revenue Sources * Oil, natural gas, and NGL sales (primarily from San Joaquin Basin, Los Angeles Basin, and Sacramento Basin). * Marketing
Business Model Burford Capital generates revenue through capital provision income (net realized and unrealized gains/losses from legal finance assets), asset management income (fees from private funds), marketable securities income, and other income. Revenue Sources * Capital Provision Income: Net gains from legal finance assets. * Asset Management Income: Fees for managing
Business Model ADMA Biologics generates revenue primarily through the manufacturing and marketing of specialty biologics, specifically plasma-derived products for the treatment of immune deficiencies and prevention of certain infectious diseases. Revenue Sources * ASCENIV™ (immune globulin intravenous, human – slra 10% liquid) for the treatment of primary humoral immunodeficiency (PI). * BIVIGAM® (immune
Business Model N-able generates revenue primarily through subscription and other revenue, offering software solutions for security, data protection, and unified endpoint management to IT service providers. Revenue Sources * Subscription revenue (majority of total revenue) * Other revenue (primarily maintenance revenue from discontinued perpetual license model) Revenue Distribution by Channel * Relies on
Business Model Surgery Partners generates revenue primarily through its network of surgical facilities, including ambulatory surgery centers and surgical hospitals, by providing surgical and related ancillary care services. The company focuses on high-quality, cost-effective solutions for patients and physicians. Revenue Sources * Surgical procedures performed at ambulatory surgery centers (ASCs). * Surgical
Business Model Paramount generates revenue through TV Media, Direct-to-Consumer (DTC), and Filmed Entertainment. Revenue Sources * TV Media: Advertising, affiliate and subscription fees, and licensing. * Direct-to-Consumer: Advertising, subscription fees (Paramount+, Pluto TV). * Filmed Entertainment: Theatrical releases, licensing and other revenues. Income Statement Analysis * Revenue increased 5% year-over-year, driven by strong content
Business Model Vistra generates revenue through retail electricity sales and power generation, leveraging a diversified portfolio of natural gas, nuclear, coal, solar, and battery energy storage facilities. Revenue Sources * Retail electricity sales to approximately 5 million residential, commercial, and industrial customers. * Power generation and sales into wholesale markets. Income Statement
Business Model Edison International generates revenue primarily through its subsidiary, Southern California Edison (SCE), by providing electricity to over 5 million customer accounts in a 50,000 square-mile service area. Revenue is also generated through integrated energy management and sustainability solutions provided by Trio to large commercial, industrial, and institutional
Business Model Evergy generates revenue through the regulated sale of electricity, transmission services, and wholesale power transactions to its 1.7 million customers in Kansas and Missouri. Revenue sources are categorized by customer class such as Residential, Commercial, Industrial, and Wholesale. Revenue Sources * Residential customers (37% of total revenues) * Commercial
Business Model Mosaic generates revenue primarily through the sale of concentrated phosphate and potash crop nutrients and feed ingredients. They operate through three segments: Potash, Phosphates, and Mosaic Fertilizantes. Revenue Sources * Potash: Sales of potash-based fertilizers. * Phosphates: Sales of phosphate-based fertilizers and feed ingredients. * Mosaic Fertilizantes: Sales of fertilizers in
Business Model AES generates revenue through non-regulated and regulated electricity sales. The non-regulated revenue comes from the Renewables SBU, Energy Infrastructure SBU and New Energy Technologies SBU. The regulated revenue is generated from US utilities businesses such as AES Indiana and AES Ohio. Revenue Sources * Non-Regulated Revenue: Generated from electricity
Business Model Hormel Foods generates revenue through the sale of branded food products across various segments including Retail, Foodservice, and International. Revenue Sources * Retail: Sales of branded products through retail channels. * Foodservice: Sales of products to foodservice operators. * International: Sales of products in international markets. Income Statement Analysis * Net sales
Business Model Norwegian Cruise Line Holdings generates revenue primarily through passenger ticket sales and onboard spending on its three cruise brands: Norwegian Cruise Line, Oceania Cruises, and Regent Seven Seas Cruises. Revenue Sources * Passenger Ticket Revenue: Revenue generated from the sale of cruise tickets. This forms a significant portion of
Business Model Solventum generates revenue through the sale of products, software, and rentals across its four business segments: MedSurg, Dental Solutions, Health Information Systems, and Purification and Filtration. Revenue Sources * Net sales of product: $6,348 million (Year ended December 31, 2024) * Net sales of software and rentals: $1,906
Business Model Erie Indemnity Company generates revenue primarily through management fees from Erie Insurance Exchange (Exchange) and its wholly-owned subsidiaries. Management fees are calculated as a percentage of direct and affiliated assumed premiums written by the Exchange. Service agreement revenue is also generated through fees from policyholders for providing multiple
Business Model Teleflex generates revenue through the sale of medical technologies across various segments. Revenue Sources * Americas segment: Includes sales in the United States and other countries in the Americas. * EMEA segment: Includes sales in Europe, the Middle East, and Africa. * Asia segment: Includes sales in the Asia Pacific region.
Business Model Lowe's generates revenue primarily through the sale of home improvement products and services to DIY (Do-It-Yourself) customers and Pro customers. Revenue Sources * Net sales from retail stores and online channels. * Installation services and extended protection plans. Revenue Distribution by Channel * Online sales grew 9.5% in
Business Model FirstEnergy generates revenue primarily through the distribution, transmission, and generation of electricity. The company operates regulated utilities in Ohio, Pennsylvania, New Jersey, West Virginia, Maryland, and New York. Revenue is derived from residential, commercial, and industrial customers. Revenue Sources * Electric sales to residential customers. * Electric sales to commercial
Business Model Truecaller generates revenue through advertising, premium subscriptions, and Truecaller for Business (TfB) solutions, which includes Verified Business and Business Messaging. Revenue Sources * Advertising: Revenue from displaying ads to users. * Premium Subscriptions: Recurring revenue from users who subscribe to premium features. * Truecaller for Business: Revenue from businesses using Verified
Business Model Agilent Technologies generates revenue from analytical and clinical laboratory technologies, including instruments, software, services, and expertise. Revenue Sources * Instruments * Software * Services * Expertise Income Statement Analysis * Net revenue increased by 1.4% compared to Q1 2024. * Net income decreased by 8.6% compared to Q1 2024. * Diluted EPS decreased
Business Model APA Corporation generates revenue primarily through the exploration and production of oil, natural gas, and natural gas liquids in the United States, Egypt, and the United Kingdom, with exploration activities in Suriname and elsewhere. Revenue is also generated through purchased oil and gas sales and third-party gas trading
Business Model Universal Health Services generates revenue primarily from owning and operating acute care hospitals and behavioral health care facilities. Revenue is derived from patient services, including general and specialty surgery, internal medicine, obstetrics, emergency room care, radiology, oncology, diagnostic care, coronary care, pediatric services, pharmacy services and/or behavioral
Business Model Invitation Homes generates revenue primarily through leasing single-family homes. Revenue Sources * Rental revenues from leasing single-family homes. * Other property income, including application fees, late fees, and other resident charges. * Management fee revenues from managing homes for joint ventures and third-party owners. Income Statement Analysis * Total revenues increased by
Business Model Verisk generates revenue primarily through providing data analytics and technology to the global insurance industry. Revenue Sources * Underwriting: Revenues from forms, rules, loss costs, extreme event solutions, specialty business, and life solutions. * Claims: Revenues from property estimating solutions and anti-fraud solutions. Income Statement Analysis * Revenue increased by 8.
Business Model Medical Properties Trust (MPT) generates revenue primarily by leasing hospital facilities to operating companies under long-term net leases. They also derive income from financing leases, mortgage loans, and investments in unconsolidated real estate joint ventures and operating entities. Revenue Sources * Rent billed from hospital facilities (General acute care,
Business Model Nexstar Media Group generates revenue primarily through advertising (local and national) and distribution fees (from cable and satellite providers for retransmission of their broadcast signals). They also have other revenue sources. Revenue Sources * Advertising revenue is derived from the sale of advertising time on its television stations and
Business Model Tecnoglass generates revenue primarily through the sale of high-end aluminum and vinyl windows and architectural glass to the multi-family, single-family, and commercial end markets. Revenue Sources * Single-family residential revenues reached $372.1 million in 2024, driven by market share gains and geographic expansion. * Multi-family/commercial revenues reached $518
Business Model Veren generates revenue through the production and sale of crude oil, condensate, NGLs (natural gas liquids), shale gas and natural gas. Revenue Sources * Crude oil and condensate sales * NGLs sales * Natural gas sales Income Statement Analysis * Oil and gas sales increased by 9% from Q4 2023 to Q4
Business Model TEGNA generates revenue primarily through subscription fees, advertising and marketing services (AMS), and political advertising. Revenue Sources * Subscription revenue: Fees from cable and satellite providers and other distributors for retransmission of TEGNA's stations. * Advertising & Marketing Services (AMS): Revenue from local and national advertisers across TEGNA&
Business Model ADT generates revenue primarily through monitoring and related services, and security installation, product, and other revenue. Revenue Sources * Monitoring and related services (M&S): Recurring revenue from monitoring customer security systems. * Security installation, product, and other: Revenue from the sale and installation of security systems and related
Business Model ACI Worldwide generates revenue through software as a service (SaaS), platform as a service (PaaS), license fees, maintenance fees, and services. Revenue Sources * Software as a service and platform as a service fees * License fees * Maintenance fees * Services Income Statement Analysis * Total revenues decreased by 4.94% from
Business Model The GEO Group generates revenue through contracted support services for secure facilities, processing centers, reentry centers, enhanced in-custody rehabilitation, post-release support, electronic monitoring programs, secure transportation, community-based programs, and correctional health and mental health care. Revenue Sources * Secure Services (Owned and Leased): Primarily from contracts with government agencies
Business Model Privia Health generates revenue from three primary sources: (i) Fee-for-Service (FFS) patient care revenue, (ii) Value-Based Care (VBC) revenue, and (iii) other revenue from additional services. Revenue Sources * FFS-patient care revenue: Generated from healthcare services provided by Privia Providers in Owned and Friendly Medical Groups. * FFS-administrative services revenue:
Business Model Viatris operates as a global healthcare company that bridges the traditional divide between generics and brands. Revenue Sources * Brands: Sales of brand-name drugs such as Lipitor, Norvasc, Lyrica, Creon, and Viagra * Generics: Sales of generic drugs. The Generics portfolio includes core generics and complex generics Income Statement Analysis
Business Model SoundHound AI generates revenue through voice and conversational AI solutions offered to various industries, including automotive, restaurants, healthcare, retail, energy, government, telecom, financial services, insurance, and travel & hospitality. The company's solutions include Smart Answering, Smart Ordering, Dynamic Drive Thru, Amelia AI Agents, and SoundHound Chat
Business Model Dell Technologies generates revenue primarily through sales of products and services across its Infrastructure Solutions Group (ISG) and Client Solutions Group (CSG). ISG includes servers, networking, and storage solutions, while CSG focuses on commercial and consumer PCs. Revenue Sources * Products: Primarily hardware sales in both ISG and CSG
Business Model Rocket Lab generates revenue through launch services and space systems. Revenue Sources * Product revenues: Sales of spacecraft components and other hardware. * Service revenues: Launch services and on-orbit management solutions. Income Statement Analysis * Total revenue increased significantly due to higher launch cadence and growth in the Space Systems business.
Business Model Archer Aviation is pre-revenue; it anticipates generating revenue from the sale of Midnight aircraft, its Launch Edition program, potential defense contracts, and, in the future, software solutions. Revenue Sources * Future revenue from sales of Midnight aircraft for urban air mobility. * Revenue from Launch Edition program: deploying Midnight aircraft
Business Model Iovance generates revenue primarily through sales of Amtagvi and Proleukin. Revenue Sources * Amtagvi: Revenue is recognized upon patient infusion. Amtagvi is the first FDA-approved T cell therapy for a solid tumor indication, specifically advanced melanoma after anti-PD-1 and targeted therapy. * Proleukin: Used in the Amtagvi treatment regimen and
Business Model HP Inc. generates revenue primarily through the sale of products and services related to personal systems and printing. Revenue Sources * Products: Includes revenue from the sale of personal systems (PCs, laptops, etc.) and printing hardware. * Services: Includes revenue from printing supplies, managed print services, workforce solutions, and other
Business Model TransMedics generates revenue primarily through the utilization of its Organ Care System (OCS) across lung, heart, and liver transplants via the National OCS Program (NOP), as well as from TransMedics logistics services. Revenue Sources * Net product revenue from the sale of OCS devices. * Service revenue from the National
Business Model Duolingo generates revenue primarily through subscription services, advertising, the Duolingo English Test, and in-app purchases of virtual goods. Revenue Sources * Subscription revenue: Users pay for access to premium features and ad-free learning. * Advertising revenue: Generated from ads served to users who do not have a subscription. * Duolingo English
Business Model Autodesk generates revenue primarily through subscriptions to its design and make software solutions, including AutoCAD, Revit, and Fusion 360. Revenue is also generated from maintenance plans and other services. Revenue Sources * Subscription revenue from product subscriptions, cloud service offerings, and EBAs. * Maintenance revenue from maintenance plans. * Other revenue
Business Model NetApp generates revenue through sales of product, support, professional services, and public cloud services. Product revenue includes hardware and software components of storage systems. Services revenue is generated from support contracts, professional services, and cloud-based offerings. Revenue Sources * Product revenue: Sales of storage systems and related software. * Support
Business Model Redfin generates revenue through real estate services (brokerage and partner programs), rentals, mortgage, title, and monetization (digital advertising). Revenue Sources * Real Estate Services: Revenue from brokerage commissions and partner referrals. * Rentals: Revenue from advertising and lead generation for rental properties. Partnership with Zillow is shifting this revenue model.
Business Model Bloom Energy generates revenue from four primary sources: product sales, installation, service agreements, and electricity generation. Revenue Sources * Product revenue: Sales of Bloom Energy Servers. * Installation revenue: Revenue from installing the energy servers at customer sites. * Service revenue: Recurring revenue from long-term service agreements. * Electricity revenue: Revenue from
Business Model Elastic generates revenue primarily through subscriptions to its Search AI Platform and related services. Subscription revenue is derived from Elastic Cloud (hosted and serverless) and self-managed software. Services revenue comes from professional services. Revenue Sources * Subscription revenue: Licenses for software and access to Elastic Cloud. Two tiers are
Business Model Opendoor generates revenue primarily through buying and selling residential real estate properties. They purchase homes directly from sellers and then resell them to buyers through their e-commerce platform. Revenue Sources * Revenue is generated from the sale of homes purchased by Opendoor. * List with Opendoor and Marketplace products allows
Business Model Sunrun generates revenue primarily through customer agreements and incentives, and solar energy systems and product sales. Revenue Sources * Customer agreements and incentives: Revenue from long-term agreements, amortization of prepaid systems, and incentive revenue (including Investment Tax Credits when monetized). * Solar energy systems and product sales: Revenue from direct
Business Model Clover Health generates revenue primarily through premiums earned from its Medicare Advantage plans, with a focus on PPO and HMO plans. They also generate revenue through other income. Revenue Sources * Premiums earned, net (primarily from Medicare Advantage plans) * Other income Income Statement Analysis * Premiums earned, net increased by
Business Model Monster Beverage Corporation generates revenue through the development, marketing, and distribution of energy drinks, still and sparkling waters, craft beers, flavored malt beverages, and hard seltzers. Revenue Sources * Monster Energy® Drinks segment: Primarily includes Monster Energy® drinks, Reign Total Body Fuel® high-performance energy drinks, Reign Storm® total wellness
Business Model Warner Bros. Discovery generates revenue through distribution fees, advertising sales, content licensing (including theatrical releases, home entertainment, and gaming), and other sources like studio tours. Revenue Sources * Distribution revenues from cable, satellite, telecom, and digital service providers * Advertising revenues from linear networks and digital platforms * Content revenues from
Business Model Lantheus generates revenue from radiopharmaceutical oncology (primarily PYLARIFY), precision diagnostics (DEFINITY and TechneLite), and strategic partnerships. Revenue Sources * PYLARIFY: PSMA PET imaging agent for prostate cancer. * DEFINITY: Ultrasound enhancing agent. * TechneLite: Component in radiopharmaceuticals. * Strategic partnerships: Sales of MK-6240 for investigational use. Income Statement Analysis * Revenue increased 10.
Business Model Madrigal Pharmaceuticals generates revenue primarily through net product sales of Rezdiffra. Revenue Sources * Net product revenue from Rezdiffra sales. Income Statement Analysis * Product revenue, net, significantly increased due to the commercial launch of Rezdiffra in April 2024. * Research and development expenses decreased primarily due to a reduction in
Business Model NRG Energy generates revenue primarily through the sale of electricity and natural gas to residential, commercial, industrial and wholesale customers, as well as the sale of smart home products and services. Revenue Sources * Retail revenue (sale of electricity and natural gas to end-use customers) * Energy revenue (wholesale power
Business Model GlobalFoundries generates revenue by manufacturing semiconductors for various end markets, including Smart Mobile Devices, Communications Infrastructure & Data Center, Home and Industrial IoT, and Automotive. Revenue Sources * Wafer revenue (approximately 92% of Q4 2024 revenue). * Non-wafer revenue, including reticles, non-recurring engineering, and expedite fees (approximately 8% of Q4
Business Model NVIDIA generates revenue from its accelerated computing platforms in Data Center, Gaming, Professional Visualization, and Automotive markets. Revenue Sources * Data Center: Driven by demand for accelerated computing platform used for large language models, recommendation engines, and generative AI applications. * Gaming: Sales of GeForce RTX 40 Series GPUs and
Business Model Salesforce generates revenue primarily through subscription and support services, as well as professional services and other offerings. Key growth areas include Data Cloud and Agentforce, with a focus on AI-powered solutions and customer success. Revenue Sources * Subscription and support revenue from cloud-based services (Sales, Service, Platform, Marketing, Commerce,
Business Model Snowflake generates revenue primarily through consumption of compute, storage, and data transfer resources on its platform. Customers have flexibility in timing of consumption. Revenue Sources * Product revenue is derived from consumption of compute, storage, and data transfer resources. * Professional services and other revenue comprise a smaller portion of
Business Model IonQ generates revenue through quantum computing systems, quantum networking solutions, and related services. They are expanding their offerings through strategic acquisitions like Qubitekk and ID Quantique to include quantum-safe communication and quantum sensing. Revenue Sources * Quantum computing systems sales and services. * Quantum networking solutions, including secure quantum communication.
Business Model Beyond Meat generates revenue through the sale of plant-based meat products across various channels including retail and foodservice, both in the U.S. and internationally. Revenue Sources * Sales of plant-based meat alternatives to retail consumers. * Partnerships with foodservice providers (restaurants, QSRs) to offer Beyond Meat products on their
Business Model Teladoc Health generates revenue through access fees and other revenue. Access fees are derived from contracts providing access to their virtual care platform, while other revenue includes visit fees and other related services. Revenue Sources * Access fees revenue: $543.1 million in Q4 2024, decreased 5% year-over-year. * Other
Business Model MARA generates revenue primarily through mining Bitcoin and, to a lesser extent, providing hosting services. They are transitioning to a vertically integrated model. Revenue Sources * Bitcoin mining: Primarily through block rewards and transaction fees. * Hosting services: Revenue generated from providing hosting services to other entities (result of site
Business Model C3 AI generates revenue primarily through subscription and professional services related to its Enterprise AI application software. Revenue Sources * Subscription revenue from the C3 AI Platform, industry-specific SaaS enterprise AI applications, and C3 Generative AI offerings. * Professional services revenue including service fees (consulting, training, paid implementation) and prioritized
Business Model Nutanix generates revenue from sales of its cloud platform through subscriptions, professional services, and other non-subscription products. Revenue Sources * Subscription revenue: Software entitlement and support subscriptions, subscription software licenses, and cloud-based software-as-a-service (SaaS) offerings. * Professional services revenue: Services sold with their products, recognized as performed. * Other non-subscription product
Business Model eBay Inc. generates revenue primarily through transaction fees charged to sellers for listing and selling items on its marketplace platforms. This includes final value fees, listing fees, and fees for optional seller services. Additionally, eBay earns revenue from advertising services and payment processing fees. Revenue Sources * Transaction fees
Business Model Advance Auto Parts generates revenue through sales to both professional installers and do-it-yourself customers. Revenue Sources * Sales of automotive aftermarket parts, accessories, and other offerings. Revenue Distribution by Channel * Pro comp was slightly negative and outperformed DIY, which declined in low single digit range. On a two year
Business Model Root generates revenue primarily through net premiums earned from its auto and renters insurance policies. Fee income and net investment income also contribute to revenue. Revenue Sources * Net Premiums Earned: Revenue from auto and renters insurance policies, recognized over the coverage period. * Fee Income: Revenue generated from installment
Business Model Pure Storage generates revenue from two primary sources: product sales (storage hardware and related software) and subscription services (Evergreen//One, Portworx, and other cloud-based offerings). Revenue Sources * Product sales: Includes revenue from the sale of FlashArray, FlashBlade, and other storage hardware, along with associated software licenses. * Subscription services:
Business Model Synopsys generates revenue through two segments: Design Automation and Design IP. Design Automation includes advanced silicon design, verification products and services, system integration products and services, digital, custom and field programmable gate array IC design software, verification software and hardware products, manufacturing software products and other. Design IP
Business Model Marqeta generates revenue through its modern card issuing platform, empowering customers to create customized and innovative payment cards. It operates in more than 40 countries. Revenue Sources * Revenue is derived from fees charged for processing payments through its platform. Income Statement Analysis * Net revenue increased by 14% year-over-year.
Business Model Ambarella generates revenue from edge AI semiconductors used in various applications. Revenue Sources * Edge AI products accounted for over 70% of total revenue in Q4 2025, representing record quarterly and annual AI revenue. * Key products include CV5 and CV7 families, with CV7 generating production revenue for the first
Business Model Stellantis generates revenue primarily through the sale of vehicles under various brands including Abarth, Alfa Romeo, Chrysler, Citroën, Dodge, DS Automobiles, FIAT, Jeep, Lancia, Maserati, Opel, Peugeot, Ram, and Vauxhall. Revenue is also generated through related services such as parts, service contracts, and financial services. Revenue Sources * Sale
Business Model Lucid Group generates revenue primarily through the sale of electric vehicles, including the Lucid Air and Lucid Gravity. They also anticipate future revenue from technology licensing and service agreements. Revenue Sources * Sale of Lucid Air sedans. * Sale of Lucid Gravity SUVs (starting deliveries in December 2024). * Potential revenue
Business Model Merit Medical generates revenue through the sale of medical devices used in interventional, diagnostic, and therapeutic procedures, mainly in cardiology, radiology, oncology, critical care, and endoscopy. They offer a diverse range of products and custom procedural solutions. Revenue Sources * Cardiovascular segment: Peripheral Intervention, Cardiac Intervention, Custom Procedural Solutions,
Business Model Matson, Inc. generates revenue primarily through ocean transportation and logistics services. Revenue Sources * Ocean Transportation: Provides ocean freight transportation services to Hawaii, Alaska, Guam, Micronesia, Okinawa, Japan and from Alaska to Asia. Services include container shipping, automobile transport, and roll-on/roll-off services. * Logistics: Offers integrated, asset-light logistics services,
Business Model Elanco generates revenue from two primary segments: Pet Health and Farm Animal. Pet Health includes products for companion animals, while Farm Animal includes products for livestock. Revenue Sources * Pet Health: Parasiticides (e.g., Advantage Family, Seresto, AdTab, Credelio Quattro), dermatology products (e.g., Zenrelia), vaccines, and pain management.
Business Model Intuit generates revenue from a variety of sources across its business segments: Global Business Solutions (QuickBooks), Consumer (TurboTax), Credit Karma, and ProTax. Revenue Sources * Global Business Solutions: Revenue from QuickBooks Online Accounting, Online Services (Money, Payroll, Mailchimp), and Desktop Ecosystem. * Consumer Group: Revenue from TurboTax offerings. * Credit Karma:
Business Model BMO Financial Group generates revenue through various channels, including Canadian Personal and Commercial Banking (P&C), U.S. P&C, BMO Wealth Management, and BMO Capital Markets. Revenue is derived from net interest income, banking fees, brokerage and investment management fees, and trading activities. Revenue Sources
Business Model Workday generates revenue primarily through subscription services and professional services related to its cloud-based applications for human capital management (HCM), enterprise resource planning (ERP), and financial management. Revenue Sources * Subscription services: Recurring revenue from customers using Workday's cloud applications. * Professional services: Revenue from implementation, consulting, and
Business Model CAVA Group generates revenue primarily through sales at its Mediterranean fast-casual restaurants. Revenue Sources * Restaurant sales, including in-store and digital orders Revenue Distribution by Channel * Digital Revenue Mix was 36.8% in Q4 2024 and 36.4% for FY 2024. Income Statement Analysis * Revenue increased by 28.3%
Business Model Axon generates revenue through sales of products and services to public safety agencies, enterprises, and consumers. Revenue is primarily generated through subscription plans that include hardware devices and cloud software solutions. Revenue Sources * Sales of TASER devices and cartridges * Sales of body cameras and accessories * Sales of Axon
Business Model Public Storage generates revenue primarily from the rental of self-storage facilities and ancillary operations. Revenue Sources * Self-storage facilities rental income * Ancillary operations such as tenant reinsurance and merchandise sales Income Statement Analysis * Revenues increased by 1.51% due to increases in both self-storage and ancillary operations. * Self-storage cost
Business Model ONEOK, Inc. generates revenue primarily through fee-based services in gathering, processing, storing, transporting, and marketing of natural gas, natural gas liquids (NGLs), refined products, and crude oil. The company operates through four main segments: Natural Gas Liquids, Refined Products and Crude, Natural Gas Gathering and Processing, and Natural
Business Model Diamondback Energy, Inc. (FANG) generates revenue primarily through the sale of oil, natural gas, and natural gas liquids (NGLs) from its operations in the Permian Basin. Revenue Sources * Oil sales constitute a significant portion of the revenue. * Natural gas sales contribute to the revenue stream. * NGL sales add
Business Model Domino's generates revenue through U.S. Company-owned stores, U.S. franchise royalties and fees, supply chain operations, international franchise royalties and fees, and U.S. franchise advertising. Revenue Sources * U.S. Company-owned stores: Revenue from sales at company-owned locations. * U.S. franchise royalties and fees: Royalties
Business Model Coterra Energy generates revenue primarily through the sale of oil, natural gas, and natural gas liquids (NGLs) from its operations in the Permian Basin, Marcellus Shale, and Anadarko Basin. Revenue Sources * Oil sales: accounted for $713 million in Q4 2024 and $2,953 million for the full year
Business Model PSEG operates primarily through its regulated utility, PSE&G, which generates revenue by providing electric and gas services to approximately 2.4 million electric and 1.9 million natural gas customers in New Jersey. PSEG Power generates revenue through the sale of power from its nuclear generation
Business Model Caesars Entertainment generates revenue through various segments including Las Vegas, Regional, Caesars Digital, and Managed and Branded properties. Revenue Sources * Casino operations (largest revenue contributor) * Food and beverage sales * Hotel room rentals * Other sources include entertainment, retail, and online gaming Income Statement Analysis * Net revenues slightly decreased by
Business Model First Solar generates revenue primarily through the sale of photovoltaic (PV) solar modules. Revenue Sources * Net sales for the fourth quarter were $1.5 billion, an increase of $0.6 billion from the prior quarter, primarily due to increased module sales. * Net sales for the full year 2024
Business Model Realty Income generates revenue primarily through rental income from a diversified portfolio of commercial properties leased to various clients under long-term net lease agreements. Revenue Sources * Rental revenue (including reimbursable) represents the primary source of revenue. * Other revenue includes items such as tenant reimbursements and other fees. Income
Business Model Henry Schein, Inc. generates revenue through the sale of dental and medical products and services to office-based dental and medical practitioners, dental laboratories, government and institutional health care clinics, and other alternate care sites. The company operates through three segments: Global Distribution and Value-Added Services, Global Specialty Products,
Business Model Keurig Dr Pepper generates revenue through the sale of beverages across various categories including carbonated soft drinks, coffee, tea, water, juice, and mixers. They operate in the U.S., Canada, and internationally, with a mix of owned, licensed, and partner brands. Revenue Sources * Carbonated Soft Drinks (CSDs): Dr
Business Model American Tower generates revenue primarily through leasing space on its communications sites to tenants, including wireless service providers, as well as through its data center business. Revenue Sources * Property revenue: Leasing space on communications sites and from data centers. * Services revenue: Site-related services, including network operations centers, construction,
Business Model The Home Depot generates revenue through the sale of home improvement products, building materials, lawn and garden products, and decor products to both DIY and professional customers. Revenue Sources * Sales of home improvement products to DIY customers. * Sales of building materials and related products to professional (Pro) customers.
Business Model Pinnacle West Capital Corp. (PNW) generates revenue primarily through its subsidiary, Arizona Public Service (APS), by providing retail electricity service to approximately 1.4 million Arizona homes and businesses. Revenue Sources * Retail Residential: Revenue from electricity sales to residential customers. * Retail Business: Revenue from electricity sales to commercial
Business Model Sempra generates revenue through its three main business segments: Sempra California (natural gas and electric utilities), Sempra Texas Utilities (electric transmission and distribution), and Sempra Infrastructure (energy-related businesses, including LNG). Revenue comes from regulated utilities in California and Texas, and contracted assets in infrastructure. Revenue Sources * Natural gas
Business Model Kosmos Energy generates revenue primarily through the sale of oil and gas from its assets in Ghana, Equatorial Guinea, Mauritania, Senegal, and the Gulf of America. Revenue Sources * Oil sales contribute the largest portion of revenue. * Gas sales are a growing revenue stream, particularly with the commencement of
Business Model Myriad Genetics generates revenue primarily through molecular diagnostic testing and precision medicine, offering tests that assess disease risk, progression, and guide treatment decisions. Revenue Sources * Hereditary Cancer Testing: MyRisk, BRACAnalysis CDx * Tumor Profiling: myChoice CDx, Prolaris, Precise Tumor, EndoPredict * Prenatal Testing: Foresight, Prequel, SneakPeek * Pharmacogenomics: GeneSight Income Statement
Business Model Fresh Del Monte Produce Inc. generates revenue through the sale of fresh and fresh-cut fruit and vegetables, as well as prepared food in Europe, Africa, and the Middle East. Revenue Sources * Fresh and value-added products (e.g., pineapples, avocados, fresh-cut fruit) * Bananas * Other products and services (e.g.
Business Model Ultra Clean Holdings, Inc. (UCT) generates revenue through two divisions: Products and Services, primarily for the semiconductor industry. Revenue Sources * Products: Offers integrated outsourced solutions for major subassemblies, improved design-to-delivery cycle times, design for manufacturability, prototyping, and high-precision manufacturing. * Services: Provides tool chamber parts cleaning and coating, as
Business Model BioCryst generates revenue primarily through sales of ORLADEYO for hereditary angioedema (HAE) and RAPIVAB for influenza. The majority of revenue comes from ORLADEYO. Revenue Sources * ORLADEYO net revenue: $124.2 million for Q4 2024 and $437.7 million for FY 2024 * RAPIVAB net revenue: $7.3 million for
Business Model Veracyte generates revenue through testing services (Decipher, Afirma), product sales (Prosigna), and biopharmaceutical collaborations. Revenue Sources * Testing revenue: Primarily from Decipher and Afirma genomic tests. * Product revenue: From sales of Prosigna. * Biopharmaceutical and other revenue: Collaborations with biopharmaceutical companies. Income Statement Analysis * Total revenue increased by 21% due
Business Model Clearway Energy generates revenue primarily through the sale of electricity and capacity from its portfolio of renewable and conventional generation assets. Revenue is derived from power purchase agreements (PPAs), resource adequacy (RA) agreements, and energy sales in the wholesale market. Revenue Sources * Power Purchase Agreements (PPAs): Long-term contracts
Business Model Riot Platforms generates revenue primarily through Bitcoin mining and engineering services. They are also exploring opportunities in the AI/HPC sector to maximize the value of their power assets. Revenue Sources * Bitcoin Mining: Revenue from mining Bitcoin. * Engineering: Revenue from engineering services and manufacturing. Income Statement Analysis * Total
Business Model Goosehead Insurance generates revenue through commissions and agency fees, franchise revenues, and interest income. Core revenues consist of New Business Commissions, Agency Fees, New Business Royalty Fees, Renewal Commissions, and Renewal Royalty Fees. Revenue Sources * Commissions and agency fees from insurance policies * Franchise revenues from franchise operations * Interest
Business Model Trex Company generates revenue primarily through the sale of wood-alternative decking and railing products, as well as a comprehensive portfolio of outdoor living products. Revenue Sources * Decking products (Trex Transcend, Trex Enhance, Trex Select) * Railing products (Trex Enhance steel, Trex Select aluminum, Trex Signature X-Series cable and frameless
Business Model BWXT generates revenue through two main segments: Government Operations and Commercial Operations. Revenue Sources * Government Operations: Primarily through naval nuclear component production, microreactors volume, special materials revenue, and long-term technical services contracts. * Commercial Operations: Primarily through nuclear components, fuel and fuel handling, medical sales, and field services activity.
Business Model Tempus AI generates revenue primarily through Genomics (diagnostic testing) and Data (licensing & analytical tools) with a growing contribution from Applications (therapy/trial matching & algorithmic diagnostics). Revenue Sources * Genomics: Diagnostic testing services provide revenue from running tests and billing insurance or direct payment. * Data: Licensing de-identified multimodal
Business Model Westlake Corporation generates revenue primarily through two segments: Housing and Infrastructure Products (HIP) and Performance and Essential Materials (PEM). Revenue Sources * Housing Products (siding, trim, roofing) * Infrastructure Products (pipe and fittings) * Performance Materials (PVC resin, epoxy resin) * Essential Materials (caustic soda) Income Statement Analysis * Revenue decreased by 8.
Business Model Owens Corning generates revenue primarily through the sale of residential and commercial building products in North America and Europe. Revenue Sources * Roofing products (shingles and components) * Insulation products (fiberglass and mineral wool insulation) * Doors (residential interior and exterior doors) * Composites (glass reinforcements and nonwovens) Revenue Distribution by Channel
Business Model Summit Therapeutics is a biopharmaceutical oncology company focused on the discovery, development, and commercialization of patient-, physician-, caregiver- and societal-friendly medicinal therapies intended to improve quality of life, increase potential duration of life, and resolve serious unmet medical needs. Currently, their primary focus is on the development of
Business Model Kaspi.kz operates a two-sided Super App model, Kaspi.kz for consumers and Kaspi Pay for merchants, generating revenue through Payments, Marketplace, and Fintech platforms. Revenue Sources * Payments Platform: Transaction fees from B2B, consumer card, and QR transactions. * Marketplace Platform: Commissions from e-commerce, m-commerce and travel bookings, advertising
Business Model SBA Communications generates revenue primarily through site leasing and site development. Revenue Sources * Site leasing revenue comes from leasing space on communication sites to wireless service providers and other tenants. * Site development revenue comes from providing services related to the development of communication sites, such as tower construction
Business Model Zoom generates revenue through subscriptions to its platform and related services, targeting both enterprise and online customers. Revenue Sources * Enterprise revenue: Subscriptions sold through direct sales, resellers, and strategic partners. * Online revenue: Subscriptions sold directly to customers through the Zoom website. Revenue Distribution by Channel * Enterprise channel contributes
Business Model Trip.com Group generates revenue from accommodation reservation, transportation ticketing, packaged tours, corporate travel management and others. Revenue Sources * Accommodation reservation revenue accounted for 40% of the total revenue in 2024. * Transportation ticketing revenue accounted for 38% of the total revenue in 2024. * Packaged-tour revenue accounted for 8%
Business Model Proficient Auto Logistics generates revenue primarily through auto transportation and logistics services, focusing on transporting finished vehicles from manufacturing facilities, ports, and rail yards to dealerships. Revenue Sources * Contractual services with OEMs * Spot buy opportunities * Dedicated fleet services (ProFleet) Income Statement Analysis * Total Operating Revenue increased by 4%
Business Model Balchem Corporation generates revenue through the development, manufacture, distribution, and marketing of specialty performance ingredients and products across three main segments: Human Nutrition and Health (HNH), Animal Nutrition and Health (ANH), and Specialty Products (SP). Revenue Sources * Human Nutrition and Health (HNH): Provides human-grade choline nutrients, mineral amino
Business Model TXNM Energy delivers energy to homes and businesses across Texas and New Mexico through its regulated utilities, TNMP and PNM. Revenue Sources * Electric Operating Revenues from PNM (New Mexico) * Electric Operating Revenues from TNMP (Texas) Income Statement Analysis * Electric Operating Revenues increased by 1.65% year-over-year, indicating growth
Business Model Brady Corporation generates revenue through the sale of identification solutions and workplace safety products across two reportable segments: Americas & Asia and Europe & Australia. Revenue Sources * Safety and facility identification and protection (safety signs, traffic signs, floor-marking tape, etc.) * Product identification (materials, printing systems, RFID, barcode scanners,
Business Model TDS operates through two main segments: UScellular (wireless and towers) and TDS Telecom (broadband, video, and voice). UScellular generates revenue from wireless services and tower leasing. TDS Telecom derives revenue from residential and commercial broadband, video, and voice services. Revenue Sources * UScellular: Wireless service revenue, equipment sales, and
Business Model Southern Company generates revenue primarily through electricity sales by its traditional electric operating companies, wholesale electricity sales by Southern Power, and natural gas distribution by Southern Company Gas. Revenue Sources * Retail electricity sales by Alabama Power, Georgia Power, and Mississippi Power. * Wholesale electricity sales by Southern Power. * Natural
Business Model Live Nation Entertainment generates revenue primarily through concerts, ticketing, and sponsorship & advertising. Other revenue sources include venue operations and other ancillary services. Revenue Sources * Concerts: Revenue from live music events, including ticket sales, food and beverage, and merchandise. * Ticketing: Service fees and other revenue from primary and
Business Model Targa Resources Corp. generates revenue through sales of commodities and fees from midstream services. The Gathering and Processing segment derives revenue from gathering, processing, and sale of natural gas, crude oil, condensate, and NGLs. The Logistics and Transportation segment generates revenue from transporting, storing, fractionating, terminaling, and marketing
Business Model VICI Properties generates revenue primarily through long-term triple-net lease agreements with tenants in the gaming, hospitality, wellness, entertainment, and leisure industries. They also generate revenue from real estate debt investments and operation of golf courses. Revenue Sources * Leasing revenue from triple-net lease agreements (majority of revenue) * Real estate
Business Model CenterPoint Energy generates revenue primarily through regulated electric transmission and distribution, power generation, and natural gas distribution operations. Revenue Sources * Electric Transmission and Distribution: Revenue from REPs based on electricity delivered and from municipalities, electric cooperatives, and other distribution companies. * Natural Gas Distribution: Revenue from regulated intrastate natural
Business Model Alliant Energy generates revenue primarily through regulated electricity and natural gas service to customers in the Midwest. Revenue Sources * Electric utility revenues from residential, commercial, and industrial customers, as well as sales for resale (wholesale, bulk power). * Gas utility revenues from residential, commercial, and industrial customers, and transportation/
Business Model Copart generates revenue through service revenues and vehicle sales via online auctions. Revenue Sources * Service revenues from vehicle consignors and buyers. * Vehicle sales through auctions to dealers, dismantlers, rebuilders, exporters, and the general public. Revenue Distribution by Channel * Approximately 1 million members in over 185 countries participate in
Business Model Quanta Services provides specialized infrastructure solutions to the utility, renewable energy, technology, communications, pipeline, and energy industries. Services include designing, installing, repairing, and maintaining energy, technology and communications infrastructure. Revenue Sources * Electric Power Infrastructure Solutions * Renewable Energy Infrastructure Solutions * Underground Utility and Infrastructure Solutions Income Statement Analysis * Revenue
Business Model Builders FirstSource generates revenue primarily through the sale of building products, prefabricated components, and value-added services to professional homebuilders and remodelers. Revenue Sources * Manufactured products (e.g., roof and floor trusses, wall panels, stairs, vinyl windows, custom millwork, pre-hung doors) * Windows, doors & millwork * Specialty building products &
Business Model Insulet generates revenue primarily through the sale of its Omnipod Insulin Management System, including Omnipod 5, and through drug delivery services. Revenue Sources * Omnipod Insulin Management System sales, including disposable Pods. * Drug delivery services to partners. Income Statement Analysis * Revenue increased by 17.2% year-over-year, driven by growth
Business Model Pool Corporation generates revenue through the wholesale distribution of swimming pool and related backyard products. They serve roughly 125,000 wholesale customers through 448 sales centers across North America, Europe, and Australia. Revenue Sources * Maintenance products (64% of 2024 sales) * Renovation and remodel products (22% of 2024 sales)
Business Model EPAM generates revenue by providing digital transformation services and product engineering. They focus on integrated strategy, experience, and technology consulting, combined with engineering execution. Revenue Sources * Digital Engineering Services * Cloud and AI-enabled Transformation Services * Business and Experience Consulting Income Statement Analysis * Revenues increased by 7.9% year-over-year, driven
Business Model NICE generates revenue through cloud solutions, services, and product sales across three primary markets: Customer Experience, Financial Crime & Compliance, and Public Safety & Justice. Revenue Sources * Cloud revenue: Primarily from CXone Empower platform and other cloud-based solutions. * Services revenue: Maintenance, support, and professional services related to NICE
Business Model Grab operates as a superapp in Southeast Asia, generating revenue through deliveries, mobility, and digital financial services. Revenue Sources * Deliveries: Food, groceries, packages * Mobility: Ride-hailing and taxi services * Financial Services: Lending and insurance Income Statement Analysis * Revenue increased by 17% year-over-year driven by growth across all segments. * Operating
Business Model Nebius Group generates revenue through its core AI infrastructure business (Nebius), AI development platform (Toloka), edtech service (TripleTen), and autonomous vehicle platform (Avride). The core AI infrastructure business contributed over half of the Group's total revenue in Q4 2024. Revenue Sources * Nebius (Core AI Infrastructure): Revenue
Business Model Vale generates revenue primarily through the sale of iron ore, pellets, and other ferrous minerals, as well as energy transition metals such as nickel and copper. Revenue Sources * Iron Ore Solutions: Includes fines, pellets, and other ferrous minerals. * Energy Transition Metals: Includes nickel, copper, PGMs, cobalt, and others.
Business Model Akamai generates revenue through three primary solution categories: Security, Delivery, and Compute. Security revenue is derived from solutions safeguarding enterprise data and applications. Delivery revenue comes from content delivery network services. Compute revenue is generated from cloud computing solutions. Revenue Sources * Security solutions, including Infrastructure Security, Application Security,
Business Model Texas Roadhouse generates revenue primarily through restaurant sales, franchise royalties and fees. Revenue Sources * Restaurant and other sales contribute the majority of the revenue. * Franchise royalties and fees provide an additional revenue stream. Revenue Distribution by Channel * To-go sales represent a significant portion of revenue, with average weekly
Business Model Dropbox generates revenue through subscription fees from paying users for its file sync and share (FSS) and document workflow services. Revenue Sources * Individual plans (Basic, Plus, Family, Essentials) * Business Teams plans (Standard, Business, Advanced, Business Plus, Enterprise) * DocSend for secure sharing and document analytics * Dropbox Sign for e-signatures
Business Model Innodata generates revenue through its three business segments: Digital Data Solutions (DDS), Synodex, and Agility. DDS focuses on providing data engineering services to Big Tech companies for generative AI model development. Synodex focuses on the medical field, and Agility provides media monitoring and intelligence solutions. Revenue Sources * Digital
Business Model Newmont generates revenue primarily through the sale of gold, copper, silver, lead, and zinc from its mining operations across various regions including Africa, Australia, Latin America & Caribbean, North America, and Papua New Guinea. Revenue Sources * Sale of gold (primary revenue driver) * Sale of copper, silver, lead, and
Business Model Booking Holdings generates revenue primarily through merchant revenues, agency revenues, and advertising and other revenues. Revenue Sources * Merchant revenues are generated from transactions where Booking Holdings acts as the merchant of record. * Agency revenues are generated from commissions on bookings where the supplier is the merchant of record.
Business Model Block, Inc. generates revenue through transaction-based fees, subscription and services-based revenue, hardware sales, and Bitcoin revenue. Revenue Sources * Transaction-based revenue: Fees charged on transactions processed through Square and Cash App. * Subscription and services-based revenue: Revenue from software subscriptions, managed payments, and other services offered to sellers and individuals.
Business Model EPAM generates revenue by providing digital transformation services and product engineering. They offer strategy, design, engineering, and operations services across various industries. Revenue Sources * Revenues are generated through IT consulting and digital product engineering services. * Services include software development, cloud services, AI-enabled transformation, and consulting. Income Statement Analysis
Business Model Leonardo DRS generates revenue through the design, development, and manufacture of advanced sensing, network computing, force protection, and electric power and propulsion technologies for U.S. national security customers and allies. Revenue Sources * Advanced Sensing and Computing (ASC) segment: Includes advanced infrared sensing, tactical radars, and naval network
Business Model LKQ generates revenue through the sale of alternative and specialty parts to repair and accessorize automobiles and other vehicles. The company operates in North America, Europe, and Taiwan. Revenue Sources * Wholesale - North America: Sales to wholesale customers in North America. * Europe: Sales within the European market. * Specialty:
Business Model Americold generates revenue primarily through temperature-controlled warehouse storage, related handling, other warehouse services, transportation, and third-party managed services. Revenue Sources * Rent and storage fees from customers storing frozen and perishable food products. * Handling and other warehouse services such as placement and retrieval of products, case-picking, blast freezing, produce
Business Model Walmart generates revenue through net sales, membership and other income. Revenue Sources * Net sales from Walmart U.S., Walmart International, and Sam's Club U.S. * Membership and other income, including membership fees, rental income, recycling income, and gift card breakage. Income Statement Analysis * Net sales increased
Business Model Repligen generates revenue through the development and commercialization of bioprocessing technologies and systems. Key areas include Filtration and Fluid Management, Chromatography, Process Analytics, and Proteins. Revenue Sources * Product revenue: $167.39 million (Q4 2024), $634.18 million (FY 2024) * Royalty and other revenue: $0.15 million (Q4 2024)
Business Model Alibaba Group generates revenue through various segments including Taobao and Tmall Group (e-commerce), Alibaba International Digital Commerce Group (AIDC), Cloud Intelligence Group, Cainiao Smart Logistics Network, Local Services Group, and Digital Media and Entertainment Group. Revenue Sources * Customer management revenue from China commerce retail (Taobao and Tmall) * Direct
Business Model Luckin Coffee generates revenue primarily through product sales (freshly brewed drinks, other products) and partnership stores (sales of materials, profit sharing, delivery service fees, sales of equipment, franchise fees). Revenue Sources * Product sales (freshly brewed drinks and other products) through self-operated stores, unmanned machines, e-commerce, and delivery. * Revenues
Business Model Baxter generates revenue through a diverse portfolio of diagnostic, critical care, nutrition, hospital, and surgical products, sold across various sites of care including patient homes, hospitals, physician offices, and other healthcare facilities. Revenue Sources * Medical Products & Therapies: Includes sterile IV solutions, infusion systems, parenteral nutrition therapies, and
Business Model Bilibili generates revenue through value-added services (VAS), advertising, mobile games, and IP derivatives and others. Revenue Sources * Value-added services (VAS): Includes revenues from live broadcasting, premium membership, and other value-added services. * Advertising: Revenues from advertising services offered on the platform. * Mobile games: Revenues from mobile games, including exclusively
Business Model Shake Shack generates revenue primarily through Shack sales and Licensing revenue. Revenue Sources * Shack sales include the aggregate sales of food, beverages, gift card breakage income, and Shake Shack branded merchandise at Company-operated Shacks. * Licensing revenue consists of revenue based on a percentage of sales from licensed Shacks,
Business Model Hasbro generates revenue through the sale of toys and games, digital gaming, licensing, and entertainment content. Revenue Sources * Franchise Brands: Including DUNGEONS & DRAGONS, Hasbro Gaming, MAGIC: THE GATHERING, NERF, PEPPA PIG, PLAY-DOH and TRANSFORMERS. * Partner Brands: Revenue from brands licensed from other companies. * Portfolio Brands: A collection
Business Model Unity generates revenue from two primary segments: Create Solutions and Grow Solutions. Create Solutions provides a platform for creating games and interactive experiences, while Grow Solutions focuses on helping developers grow and monetize their applications. Revenue Sources * Create Solutions: Subscriptions for Unity Pro and Enterprise, and Industry strategic
Business Model Charles River Laboratories provides essential products and services to help pharmaceutical and biotechnology companies accelerate their research and drug development efforts. Revenue Sources * Research Models and Services (RMS) segment revenue * Discovery and Safety Assessment (DSA) segment revenue * Manufacturing Solutions (Manufacturing) segment revenue Revenue Distribution by Channel * Revenue is
Business Model LP generates revenue primarily through three business segments: Siding, Oriented Strand Board (OSB), and South America (LPSA). Revenue Sources * Siding segment: Sales of engineered wood siding, trim, soffit, and fascia products, including LP SmartSide Trim & Siding, LP SmartSide ExpertFinish Trim & Siding, LP BuilderSeries Lap Siding, and
Business Model Gildan generates revenue through the sale of everyday basic apparel, including activewear, underwear, and hosiery products. These products are sold to wholesale distributors, screenprinters, and embellishers, as well as to retailers and global lifestyle brand companies. Revenue Sources * Activewear: Includes activewear tops and bottoms, such as T-shirts, fleece
Business Model Churchill Downs Incorporated generates revenue through a diversified portfolio, including live horse racing events (such as the Kentucky Derby), historical racing machines (HRMs), online wagering platforms (TwinSpires), casino gaming across several states, and various related services like food and beverage, hotel accommodations, and event-related services. Revenue Sources * Live
Business Model Wingstop generates revenue primarily through franchise royalties, franchise fees, advertising fees, and company-owned restaurant sales. Revenue Sources * Franchise royalties and fees from domestic and international franchised restaurants. * Company-owned restaurant sales from company-operated locations. * Advertising fees collected from franchisees. Revenue Distribution by Channel * Franchise restaurants account for approximately 98%
Business Model Exact Sciences Corporation generates revenue primarily through sales of cancer screening tests, including Cologuard, and precision oncology tests, such as Oncotype DX. Revenue Sources * Screening revenue from Cologuard tests and PreventionGenetics * Precision Oncology revenue from global Oncotype DX and therapy selection tests Revenue Distribution by Channel * Revenue generated
Business Model Global-e generates revenue by providing cross-border e-commerce solutions to merchants, charging service fees and earning revenue from fulfillment services. Revenue Sources * Service fees charged to merchants for the use of Global-e's platform and services. * Fulfillment services revenue from logistics and shipping solutions provided to merchants. Income
Business Model Clean Harbors generates revenue through providing a broad range of environmental and industrial services, including hazardous waste management, emergency spill response, industrial cleaning and maintenance, and recycling services, primarily in North America. The company operates through two main segments: Environmental Services (ES) and Safety-Kleen Sustainability Solutions (SKSS). Revenue
Business Model Klaviyo generates revenue primarily through subscription fees for its Software-as-a-Service (SaaS) platform, which enables businesses to harness their first-party data to send personalized communications across email, SMS, and push notifications. Additional revenue is generated from SMS services and other product offerings. Revenue Sources * Subscription fees for access to
Business Model JLL generates revenue through a range of commercial real estate and investment management services, catering to real estate owners, occupiers, investors, and developers. Revenue Sources * Leasing services, including agency leasing and tenant representation. * Property Management services for various property types. * Capital Markets services, such as investment sales, debt/
Business Model AngloGold Ashanti generates revenue primarily through the sale of gold. Revenue is also generated from by-products such as silver, copper, and sulphur. Revenue Sources * Gold Sales: Main source of revenue * By-product Sales: Revenue from silver, copper and sulphur Income Statement Analysis * Revenue increased by 39.3% due to
Business Model Trimble Inc. generates revenue through sales of hardware products, software solutions, and subscription-based services that connect the physical and digital worlds across industries such as construction, geospatial, and transportation. Revenue Sources * Product sales including hardware and integrated systems * Subscription and services including software licenses and cloud services Revenue
Business Model Grab generates revenue primarily through its superapp platform in Southeast Asia, offering services in deliveries (food and grocery deliveries), mobility (ride-hailing services), financial services (lending, digital banking, payments), and other services. Revenue Sources * Deliveries revenue, including food and grocery delivery services, and advertising revenues. * Mobility revenue from ride-hailing
Business Model Toast generates revenue by providing cloud-based, all-in-one digital technology solutions to the restaurant industry, including subscription services for its software platform, financial technology solutions primarily through payment processing services, and hardware and professional services. Revenue Sources * Subscription services - recurring revenue from SaaS products providing point of sale,
Business Model Carvana generates revenue primarily through online retail sales of used vehicles, wholesale vehicle sales, and other revenues including financing and ancillary products. Revenue Sources * Retail vehicle sales * Wholesale vehicle sales and revenues * Other sales and revenues, including financing and ancillary products Revenue Distribution by Channel * Retail vehicle sales
Business Model Garmin generates revenue through the sale of navigation, communication, and information devices and applications that are enabled by GPS technology across five business segments: Fitness, Outdoor, Aviation, Marine, and Auto OEM. Revenue Sources * Fitness segment: sales of wearables and fitness devices, including smartwatches and cycling computers * Outdoor segment:
Business Model Analog Devices generates revenue from sales of its analog, mixed-signal, and power solutions to customers across various end markets, including Industrial, Automotive, Communications, and Consumer. Revenue Sources * Industrial: 44% of Q1 2025 revenue * Automotive: 30% of Q1 2025 revenue * Consumer: 13% of Q1 2025 revenue * Communications: 12% of
Business Model Celanese Corporation generates revenue primarily through its two main business segments: Engineered Materials and the Acetyl Chain. The Engineered Materials segment produces high-performance engineered polymers used in a variety of applications, including automotive, medical, and industrial products. The Acetyl Chain segment produces acetyl products such as acetic acid,
Business Model IFF generates revenue primarily through its four main business segments: Nourish, Health & Biosciences, Scent, and Pharma Solutions. Revenue Sources * Nourish segment, including Flavors and Functional Ingredients * Health & Biosciences segment, including Cultures & Food Enzymes, Home & Personal Care, Grain Processing, and Animal Nutrition * Scent segment, including
Business Model Occidental Petroleum Corporation (OXY) generates revenue primarily through the exploration, development, and production of oil and natural gas. Additional revenue is derived from its Chemical segment (OxyChem), which produces basic chemicals, and from its Midstream and Marketing segment, which provides flow assurance and optimizes the value of Oxy&
Business Model Liberty Global generates revenue through its three platforms: Liberty Telecom, Liberty Growth, and Liberty Services. Liberty Telecom derives revenue from broadband, video, and mobile communications services. Liberty Growth focuses on investments, while Liberty Services delivers technology and finance services. Revenue Sources * Liberty Telecom: Broadband, video, and mobile communications
Business Model Franklin Electric generates revenue through three primary segments: Water Systems, Energy Systems, and Distribution. The company sells products such as submersible motors, pumps, electronic controls, and related parts and equipment for use in a variety of applications including groundwater, fueling systems, and distribution. Revenue Sources * Water Systems: Sales
Business Model Sonoco generates revenue primarily through its Consumer Packaging and Industrial Paper Packaging segments, offering sustainable packaging solutions for consumer and industrial markets globally. Revenue Sources * Consumer Packaging products, including metal packaging, rigid paper containers, and other consumer-focused packaging solutions. * Industrial Paper Packaging products, including paperboard tubes and cores,
Business Model Rush Enterprises generates revenue primarily through the sale of new and used commercial vehicles, aftermarket parts and services, lease and rental services, finance and insurance, and other related services. Revenue Sources * New and used commercial vehicle sales * Parts, service, and collision center sales * Lease and rental services * Finance
Business Model Ternium generates revenue primarily through the production and sale of steel and mining products to various industries in the Americas, including automotive, construction, manufacturing, and the energy sector. Revenue Sources * Sales of steel products to customers in Mexico, Brazil, the Southern Region, and other markets. * Sales of mining
Business Model Valmont generates revenue through two main segments: Infrastructure and Agriculture. The Infrastructure segment provides products and solutions for utility, solar, lighting, transportation, and telecommunications markets, along with coatings services. The Agriculture segment provides center pivot and linear irrigation equipment, components, aftermarket parts, and advanced technology solutions for precision
Business Model Halozyme generates revenue through royalties from partners' products utilizing their ENHANZE technology, product sales from their proprietary products, and collaborative agreements including milestone payments. Revenue Sources * Royalties from partners' sales of products using ENHANZE technology. * Product sales of proprietary products such as XYOSTED and Hylenex. * Revenues
Business Model XP Inc. generates revenue primarily through brokerage commissions, securities placement, management fees, insurance brokerage fees, commission fees from credit cards, and other financial services. The company offers a wide range of financial products and services to individual and corporate clients, including securities brokerage, investment advisory, wealth management, insurance
Business Model Penumbra generates revenue primarily through the sale of innovative medical devices for the treatment of vascular conditions, including thrombectomy devices and embolization and access products. Revenue Sources * Thrombectomy product sales * Embolization and access product sales Income Statement Analysis * Adjusted revenue increased by 12.9% year-over-year due to strong
Business Model Allegion plc generates revenue primarily through the sale of security products and solutions, including locks, door closers, exit devices, electronic and mechanical security products, and systems for residential and commercial markets. Revenue Sources * Sales of mechanical security products * Sales of electronic security products * Services and solutions related to
Business Model James Hardie Industries plc is a global leader in manufacturing and selling fiber cement, fiber gypsum, and cement-bonded building products for interior and exterior building construction applications. Revenue Sources * Fiber cement products used in external siding and internal applications. * Fiber gypsum products used in interior applications. * Cement-bonded boards
Business Model Genuine Parts Company generates revenue primarily through its two main business segments: the Automotive Parts Group and the Industrial Parts Group, providing automotive and industrial replacement parts and value-added solutions. Revenue Sources * Automotive Parts Group (63% of 2024 revenue) * Industrial Parts Group (37% of 2024 revenue) Revenue Distribution
Business Model Watsco generates revenue primarily through the distribution of HVAC/R products to contractors, technicians, and installers across the U.S., Canada, and Latin America. Revenue Sources * Sales of HVAC equipment (69% of sales) * Sales of other HVAC products (27% of sales) * Sales of commercial refrigeration products (4% of
Business Model InterContinental Hotels Group PLC (IHG) primarily generates revenue through franchise fees, management fees, incentive management fees, and revenue from owned, leased, and managed lease hotels. The company's asset-light business model focuses on franchising and managing hotels rather than owning them, leveraging its portfolio of 19 hotel
Business Model CoStar Group generates revenue primarily through subscription-based services in commercial real estate information, analytics, and online marketplaces. Revenue Sources * CoStar Suite: Subscription-based commercial real estate information and analytics services. * Multifamily (Apartments.com): Online marketplace for apartment rentals. * LoopNet: Commercial real estate marketplace for property listings. * Residential (Homes.com)
Business Model Entergy Corporation generates revenue primarily through the sale of electricity to residential, commercial, industrial, and governmental customers in Arkansas, Louisiana, Mississippi, and Texas. Revenue Sources * Sales of electricity to residential customers * Sales of electricity to commercial customers * Sales of electricity to industrial customers * Sales of electricity to governmental
Business Model Vulcan Materials Company generates revenue primarily through the production and sale of construction aggregates (crushed stone, sand, and gravel), and aggregates-based construction materials such as asphalt mix and ready-mixed concrete. The company operates primarily in the United States. Revenue Sources * Aggregates segment sales, including crushed stone, sand, gravel,
Business Model Medtronic generates revenue primarily through sales of medical devices and therapies across its four main business segments: Cardiovascular, Neuroscience, Medical Surgical, and Diabetes. Revenue Sources * Cardiovascular Portfolio, including Cardiac Rhythm & Heart Failure, Structural Heart & Aortic, Coronary & Peripheral Vascular * Neuroscience Portfolio, including Cranial & Spinal Technologies,
Business Model Cadence generates revenue primarily through sales of electronic design automation (EDA) software, intellectual property (IP), and system design and analysis tools. Revenue is derived from product licenses, maintenance contracts, and services. Revenue Sources * Core EDA software licenses and maintenance (71% of total revenue in 2024) * IP licensing (13%
Business Model Arista Networks generates revenue primarily through sales of its networking products and services to cloud titans, enterprises, financials, and service providers. Revenue Sources * Sales of core cloud, AI, and data center networking products, including switches and routers. * Sales of network adjacency products, including routing and campus solutions. * Subscription-based
Business Model Zebra Technologies Corporation generates revenue primarily through sales of hardware products, services, and software solutions in the automatic identification and data capture (AIDC) industry. Revenue Sources * Sales of hardware products including mobile computers, barcode scanners and imagers, RFID readers, and specialty printers. * Provision of services including maintenance, technical
Business Model Global Payments generates revenue through its Merchant Solutions and Issuer Solutions segments. Revenue Sources * Merchant Solutions: Primarily percentage of transaction value or a specified fee per transaction. Also includes software subscription and licensing fees, and fees for specific value-added services. * Issuer Solutions: Primarily charges based on number of
Business Model Molson Coors Beverage Company generates revenue primarily through the production, marketing, distribution, and sale of beer and other beverages under various brands, including core power brands, above premium brands, and economy brands. The company also expands beyond beer into flavored beverages, spirits, non-alcoholic beverages, and partners with other
Business Model Federal Realty Investment Trust (FRT) generates revenue primarily through lease agreements with tenants in their retail and mixed-use properties. Revenue streams include minimum rents, percentage rents based on tenant sales, and reimbursements for operating expenses and real estate taxes. Revenue Sources * Rental income from commercial and residential tenants.
Business Model GE HealthCare generates revenue primarily through the sale of medical equipment, pharmaceutical diagnostics, and associated services across four main segments: Imaging, Advanced Visualization Solutions (AVS), Patient Care Solutions (PCS), and Pharmaceutical Diagnostics (PDx). Revenue Sources * Sales of Imaging equipment such as MRI, CT scanners, and X-ray systems. * Sales
Business Model Ingersoll Rand generates revenue primarily through sales of industrial technologies and services, including compressor, vacuum, blower, and air treatment solutions, as well as mission-critical precision liquid, gas, air, and powder handling technologies for life sciences and industrial applications. Revenue Sources * Industrial Technologies and Services (ITS) segment revenues, accounting
Business Model Republic Services generates revenue through providing environmental services, including collection and processing of recyclable materials, the collection, treatment, consolidation, transfer and disposal of hazardous and non-hazardous waste, and other environmental solutions. It derives revenue from residential, small-container, and large-container collection services, transfer stations, recycling centers, and landfill services.
Business Model Moderna generates revenue primarily through the sale of its mRNA-based vaccines, including Spikevax (COVID-19 vaccine) and mRESVIA (RSV vaccine). Revenue also includes grant, collaboration, licensing, and royalty revenue. Revenue Sources * Spikevax (COVID-19 vaccine) sales * mRESVIA (RSV vaccine) sales * Grant, collaboration, licensing, and royalty revenue Income Statement Analysis * Total
Business Model Duke Energy generates revenue primarily through its regulated electric and gas utilities operations, serving approximately 8.6 million electric customers and 1.7 million gas customers across six states in the U.S. Revenue Sources * Regulated electric utilities serving residential, commercial, industrial, and wholesale customers. * Regulated natural gas
Business Model Digital Realty generates revenue by providing data center, colocation, and interconnection solutions to customers across the globe. The company's revenues come from rental income, tenant reimbursements, interconnection services, and fee income. Revenue Sources * Rental revenues from leasing data center space to customers * Tenant reimbursements for utilities
Business Model AEP generates revenue primarily through the generation, transmission, and distribution of electricity to retail and wholesale customers. Revenue is also generated through retail energy supply business, wholesale energy trading and marketing business. Revenue Sources * Retail Revenues: Sales to residential, commercial, and industrial customers within AEP's service
Business Model CBRE generates revenue through three business segments: Advisory Services, Global Workplace Solutions (GWS), and Real Estate Investments (REI). Revenue stems from both resilient sources like multi-year contracts and non-recurring sources like commissions from transactions. Revenue Sources * Advisory Services: property leasing; capital markets, which includes property sales and mortgage
Business Model Iron Mountain generates revenue through storage rental, services related to records and information management, data center operations, and asset lifecycle management. Revenue Sources * Storage Rental: Revenue from storing physical records and data, as well as data center space. * Service Revenue: Revenue from services including records management, digital solutions,
Business Model DTE Energy is a diversified energy company involved in the development and management of energy-related businesses and services nationwide. It generates revenue through its electric and gas utilities, custom energy solutions, renewable energy generation, and energy marketing and trading. Revenue Sources * Electric utility serving 2.3 million customers
Business Model Ameren Corporation generates revenue primarily through the sale of electric and natural gas services to residential, commercial, and industrial customers in Missouri and Illinois through its rate-regulated utility subsidiaries, Ameren Missouri and Ameren Illinois. Revenue Sources * Electric utility services, including generation, transmission, and distribution. * Natural gas utility services,
Business Model PPL Corporation generates revenue primarily through regulated electricity and natural gas delivery services in Pennsylvania, Kentucky, and Rhode Island. Revenue Sources * Regulated electricity transmission and distribution services. * Regulated natural gas distribution services. Income Statement Analysis * Operating revenues increased by 8.85% compared to Q4 2023 due to higher
Business Model Moody's Corporation operates through two main segments: Moody's Investors Service (MIS) and Moody's Analytics (MA). MIS generates revenue primarily from rating fees paid by debt issuers. MA generates revenue from subscriptions, software, and professional services. Revenue Sources * Moody's Investors Service
Business Model Zoetis generates revenue through a diverse portfolio of animal health products, including medicines, vaccines, diagnostic products and services, biodevices, genetic tests, and precision animal health solutions. Revenue Sources * Companion Animal Products (approximately 68% of 2024 revenue): Parasiticides, vaccines, dermatology products, anti-infectives, pain and sedation medications, diagnostics. * Livestock Products
Business Model Crocs, Inc. generates revenue through the design, development, worldwide marketing, distribution, and sale of casual lifestyle footwear and accessories for all, offering products through both wholesale and direct-to-consumer (DTC) channels. Revenue Sources * Crocs Brand: Primarily through sales of casual footwear (clogs, sandals, etc.) and Jibbitz charms to a
Business Model Iridium generates revenue primarily through providing mobile voice and data communications services via its satellite network. Revenue Sources * Commercial voice and data services to businesses, NGOs and consumers. * IoT data services for remote asset monitoring. * Commercial broadband services for maritime, aviation and terrestrial users (Iridium Certus). * Hosted payload
Business Model Organon generates revenue primarily through sales of women's health products, biosimilars, and established brands across various therapeutic areas. Revenue Sources * Women's Health products, including contraceptives like Nexplanon and fertility treatments. * Biosimilars, including products like Renflexis, Ontruzant, and Hadlima. * Established Brands across various therapeutic areas.
Business Model Lincoln Electric Holdings, Inc. generates revenue through the design, development, and manufacturing of arc welding products, robotic welding systems, plasma and oxy-fuel cutting equipment, and brazing and soldering alloys. The company serves a diverse range of industries including general fabrication, automotive, heavy industries, construction, and energy. Revenue Sources
Business Model Deere & Company generates revenue primarily through the sale of agricultural, construction, and forestry equipment worldwide. The company operates through three major business segments: Production & Precision Agriculture, Small Agriculture & Turf, and Construction & Forestry. Revenue Sources * Sales of Production & Precision Agriculture equipment, including large agricultural
Business Model Palo Alto Networks generates revenue through the sale of cybersecurity products, subscriptions, and support services. The company's primary revenue streams include product revenue from firewall appliances and software, subscription revenue from cloud-based security solutions, and support revenue from maintenance and updates. Revenue Sources * Product Revenue: Includes
Business Model Airbnb generates revenue primarily through service fees charged to both hosts and guests for facilitating stays and experiences on its platform. Revenue Sources * Service fees from stays: Percentage of booking value charged to guests and hosts. * Service fees from experiences: Host fees charged for experience bookings. * Other monetization
Business Model Applied Materials generates revenue primarily through sales of semiconductor manufacturing equipment, services, and software to semiconductor manufacturers. The company also provides equipment to produce flat panel displays and related products. Revenue Sources * Semiconductor Systems: Sales of semiconductor manufacturing equipment * Applied Global Services: Services including spare parts, equipment upgrades,
Business Model Twilio generates revenue primarily through sales of its communications APIs, including messaging, voice, and email services, and through its Segment customer data platform. Revenue Sources * Communications revenue (including messaging, voice, email) - $1.12 billion in Q4 2024 * Segment revenue (customer data platform) - $74 million in Q4
Business Model Wynn Resorts generates revenue primarily through its casino operations, hotel room bookings, food and beverage sales, and entertainment, retail, and other services at its properties in Las Vegas, Macau, and Boston. Revenue Sources * Casino operations, including table games and slot machines. * Hotel room bookings across luxury resorts. * Food
Business Model West Pharmaceutical Services, Inc. generates revenue primarily through its two segments: Proprietary Products and Contract-Manufactured Products. The company provides innovative solutions for injectable drug administration and medical devices. Revenue Sources * Proprietary Products segment - includes high-value packaging components and delivery systems such as self-injection devices, NovaPure® components, Westar®
Business Model GoDaddy generates revenue primarily through two segments: Applications and Commerce (A&C) and Core Platform, offering a range of products and services including domain registration, hosting, website building tools, productivity solutions, and commerce offerings. Revenue Sources * Domain registration and management services * Website building and hosting services * Email
Business Model DexCom, Inc. generates revenue primarily through the sale of continuous glucose monitoring (CGM) systems and related components. Their product offerings include the G Series (G6 and G7 systems), Dexcom ONE+, and the over-the-counter product Stelo. Revenue sources are driven by sensor sales, hardware components like transmitters and receivers,
Business Model Motorola Solutions generates revenue primarily through sales of Land Mobile Radio (LMR) Communications systems, Video Security and Access Control solutions, and Command Center software applications. Revenue Sources * LMR Communications sales including infrastructure, devices, and software. * Video Security and Access Control solutions including cameras, access control systems, and video
Business Model DaVita generates revenue primarily through its U.S. dialysis business, providing kidney dialysis services for patients with ESKD. Additional revenue is generated from U.S. integrated kidney care (IKC) business, U.S. other ancillary services (clinical research, transplant software, venture group), and international dialysis operations. Revenue Sources * U.
Business Model Hanesbrands Inc. generates revenue primarily through the manufacture and sale of innerwear and activewear apparel under various brands such as Hanes, Bonds, Maidenform, and Bali. The company operates in the U.S. and International segments, selling products through wholesale channels, retail stores, and e-commerce platforms. Revenue Sources * Sales
Business Model Reddit generates revenue primarily through advertising and other revenue streams. Revenue Sources * Advertising revenue, which includes brand, performance, and self-serve ads. * Other revenue, which includes content licensing and other services. Revenue Distribution by Channel * Advertising revenue accounted for $394.5 million in Q4 2024. * Other revenue reached $33.
Business Model Barrick Gold Corporation generates revenue primarily through the production and sale of gold and copper from its mining operations across North America, Latin America, Africa, and the Middle East. Revenue Sources * Gold sales: Major source of revenue, contributing significantly to total revenues. * Copper sales: Secondary source of revenue
Business Model Vertiv generates revenue primarily through the sale of products and services that enable critical digital infrastructure to run continuously and perform optimally. Revenue Sources * Sales of products including power management, thermal management, and other critical infrastructure hardware. * Services including installation, maintenance, and support services. Income Statement Analysis * Revenue
Business Model Wabtec Corporation generates revenue primarily through sales of equipment, components, digital intelligence products, and services in both Freight and Transit segments. Revenue Sources * Freight Segment: sales of equipment such as locomotives and freight cars. * Freight Segment: services including maintenance, overhauls, and modernization of locomotives. * Freight Segment: sales of
Business Model Generac generates revenue primarily through sales of power generation equipment, energy storage systems, energy management devices and solutions, and other power products serving the residential, light commercial, and industrial markets. Revenue Sources * Sales of residential products including home standby generators, portable generators, energy storage systems, and smart thermostats.
Business Model The Chefs' Warehouse generates revenue by distributing specialty and center-of-the-plate food products to upscale-casual and fine-dining restaurants, hotels, caterers, and other premium food service establishments in the United States, Middle East, and Canada. Revenue Sources * Specialty food product distribution * Center-of-the-plate products distribution, including meat, poultry, and seafood
Business Model The Kraft Heinz Company generates revenue primarily through the sale of food and beverage products under a portfolio of iconic brands to retail and foodservice customers in North America and internationally. Revenue Sources * Sales of food and beverage products under various brands in the North America Retail segment.
Business Model Heineken N.V. generates revenue primarily through the production and sale of beer, cider, and other beverages, including non-alcoholic options. The company's portfolio includes over 340 international, regional, local, and specialty beers and ciders, led by the Heineken brand. Revenue Sources * Beer sales, including premium and
Business Model AppLovin generates revenue through two primary segments: Advertising and Apps. The Advertising segment offers an end-to-end software platform that provides app developers a powerful, integrated set of solutions to grow their businesses. The Apps segment consists of mobile gaming apps that the company owns and operates. Revenue Sources
Business Model HubSpot generates revenue primarily through the sale of subscription-based software solutions that form their CRM platform, including Marketing Hub, Sales Hub, Service Hub, CMS Hub, and Operations Hub. Revenue Sources * Subscription revenue (97.7% of Q4 2024 revenue) * Professional services and other revenue (2.3% of Q4 2024
Business Model QuantumScape is pre-revenue and focuses on developing and licensing its solid-state battery technology. The company aims to generate revenue through licensing agreements and potential royalty payments once its technology is commercialized. Revenue Sources * Potential revenue from licensing agreements with automotive OEMs and other strategic partners. * Future royalty payments
Business Model Quantum Corporation generates revenue primarily through the sale of products and services related to data storage solutions, including backup, recovery, and archive equipment and software. Revenue Sources * Product revenue from sales of primary and secondary storage systems, devices, and media. * Service and subscription revenue from support contracts, managed
Business Model MGM Resorts International generates revenue primarily through its integrated resort operations, which include casino gaming, hotel rooms, food and beverage offerings, entertainment, retail, and other services. The company operates properties on the Las Vegas Strip, in regional markets across the United States, and in Macau through MGM China.
Business Model Fastly generates revenue primarily through its edge cloud platform, offering network services to improve performance of websites and applications, security solutions to protect against cyber threats, and compute and observability solutions for developers. Revenue Sources * Network services revenue includes solutions designed to improve performance of websites, apps, APIs,
Business Model CVS Health generates revenue through its four segments: Health Care Benefits (premiums, services, net investment income), Health Services (pharmacy benefit management solutions, health care services), Pharmacy & Consumer Wellness (prescription dispensing, retail sales), and Corporate/Other (management and administrative services). Revenue Sources * Health Care Benefits: Premiums from insured
Business Model Dutch Bros Inc. generates revenue primarily through company-operated drive-thru coffee shops and franchised shops, focusing on serving high-quality, handcrafted beverages. Revenue Sources * Company-operated shop revenues, which include sales of beverages, food, and other items at company-operated locations. * Franchising and other revenues, which include royalties and fees from franchised
Business Model The Trade Desk generates revenue primarily by providing a technology platform for ad buyers, such as advertising agencies and brands, to purchase digital advertising inventory across various channels. Revenue Sources * Revenue from fees charged to clients for using the platform to buy advertising inventory across channels like Connected
Business Model Cisco generates revenue primarily through sales of networking hardware, security solutions, collaboration tools, observability solutions, and a range of services including support and maintenance. Revenue Sources * Networking products (switches, routers, wireless solutions) * Security products and services * Collaboration tools (Webex and other communication solutions) * Observability solutions * Services (maintenance, support,
Business Model Robinhood generates revenue primarily through transaction-based revenues, net interest revenues, and other revenues including subscription fees from Robinhood Gold. Revenue Sources * Transaction-based revenues from cryptocurrencies, options, and equities trading * Net interest revenues from interest earned on customers' cash and securities, margin interest, and securities lending * Other revenues,
Business Model Arch Capital Group generates revenue through insurance, reinsurance, and mortgage insurance on a worldwide basis. Revenue Sources * Insurance premiums written from a variety of specialty insurance lines. * Reinsurance premiums written from property, casualty, and specialty lines. * Mortgage insurance premiums written primarily in the U.S. Income Statement Analysis
Business Model Cincinnati Financial Corporation generates revenue primarily through property casualty insurance premiums, life insurance premiums, and investment income. Revenue Sources * Property casualty insurance premiums: Earned premiums from commercial lines, personal lines, and excess & surplus lines. * Life insurance premiums: Earned premiums from term life, whole life, and universal life
Business Model Ecolab generates revenue through sales of products, equipment, services, and leases in the water, hygiene, and infection prevention markets. Revenue Sources * Product and equipment sales: $3,158.0 million in Q4 2024. * Service and lease sales: $847.2 million in Q4 2024. Income Statement Analysis * Net sales increased
Business Model Coca-Cola generates revenue through the sale of concentrates, syrups, beverage bases, and finished beverages to bottling partners and other customers. Revenue is also generated through Costa non-ready-to-drink beverage products. Revenue Sources * Sale of concentrates, syrups, beverage bases, source waters and powders/minerals to bottling partners or other customers.
Business Model DuPont generates revenue through technology-based materials and solutions across various industries, including electronics, transportation, construction, water, healthcare, and worker safety. Revenue Sources * Electronics & Industrial: Sales driven by semiconductor technologies, interconnect solutions, and industrial solutions. * Water & Protection: Sales from safety solutions, shelter solutions, and water solutions. * Corporate
Business Model S&P Global provides essential intelligence through data, expertise, and connected technology. Revenue is generated through subscriptions, non-subscription (transaction-based), and non-transaction services. Revenue Sources * Subscription revenue: Data distribution, valuation services, analytics, research, market data via feeds and web, software licenses, and Mobility's core information products.
Business Model Marriott International generates revenue through base management fees, franchise fees, incentive management fees, owned/leased properties, cost reimbursements, residential branding fees, and co-branded credit card fees. Revenue Sources * Base management fees: Fees earned for managing hotels on behalf of property owners. * Franchise fees: Fees collected from franchisees for
Business Model Carrier generates revenue through the sale of products and services across its HVAC and Refrigeration segments, serving homes, buildings, and the cold chain. They are also expanding into digitally enabled lifecycle solutions and integrated systems. Revenue Sources * Product sales: HVAC systems (residential, commercial, light commercial), refrigeration equipment (truck,
Business Model Edwards Lifesciences generates revenue through the sale of its structural heart innovations including Transcatheter Aortic Valve Replacement (TAVR), Transcatheter Mitral and Tricuspid Therapies (TMTT), and Surgical Structural Heart products. Revenue Sources * TAVR sales, including SAPIEN 3 Ultra RESILIA platform * TMTT sales, including PASCAL repair system and EVOQUE tricuspid
Business Model Humana generates revenue primarily through premiums from its insurance products, including Medicare Advantage, state-based contracts, and specialty benefits. It also earns revenue from services within its CenterWell segment, encompassing pharmacy, primary care, and home solutions. Revenue Sources * Premiums from Individual Medicare Advantage, Group Medicare Advantage, Medicare stand-alone PDP,
Business Model FIS generates revenue through providing financial technology solutions to financial institutions, businesses, and developers across the money lifecycle. Revenue Sources * Banking Solutions: Provides technology solutions to banks, including core processing, digital channels, and payment solutions. * Capital Market Solutions: Offers solutions for trading, risk management, and post-trade processing to
Business Model Leidos generates revenue through providing services and solutions to government and commercial customers, focusing on digital, mission, and health innovations. Revenue Sources * National Security & Digital solutions * Health & Civil services * Commercial & International services * Defense Systems Income Statement Analysis * Revenues increased by 9.7% year-over-year, indicating strong
Business Model Masco Corporation generates revenue through the design, manufacture, and distribution of branded home improvement and building products. Revenue Sources * Plumbing Products (Delta, Hansgrohe faucets, bath and shower fixtures) * Decorative Architectural Products (Behr paint, Liberty hardware, HotSpring spas) Revenue Distribution by Channel * Retail: 46% of total Masco sales * Wholesale/
Business Model Medpace is a scientifically-driven, global, full-service clinical contract research organization (CRO) providing Phase I-IV clinical development services to the biotechnology, pharmaceutical and medical device industries. Revenue Sources * Revenue is generated from providing clinical development services. Income Statement Analysis * Revenue increased by 7.7% year-over-year, driven by growth in
Business Model Coty generates revenue through the sale of prestige and mass market beauty products across fragrance, color cosmetics, skin and body care. Revenue Sources * Prestige fragrance (significant portion of revenue) * Mass fragrance * Prestige color cosmetics * Mass color cosmetics * Skin and body care Revenue Distribution by Channel * E-commerce accounts for
Business Model Kilroy Realty Corporation generates revenue primarily through rental income from office, life science, and mixed-use properties located in key West Coast markets and Austin, Texas. Additional revenue comes from tenant reimbursements and other property income. Revenue Sources * Rental income: Primarily from leasing office and life science spaces. * Tenant
Business Model Fluence Energy generates revenue primarily through intelligent energy storage and optimization software for renewables and storage. They derive revenue from energy storage products and solutions contracts, service contracts, and digital software contracts. Revenue Sources * Energy storage products and solutions contracts * Service contracts (maintenance, monitoring, etc.) * Digital software contracts
Business Model Axcelis generates revenue through product sales (ion implantation systems) and customer service and support (CS&I), which includes consumables, spares, services, and upgrades. Revenue Sources * Product sales, primarily ion implantation systems. * Customer Service and Support (CS&I) which includes consumables, spares, services and upgrades. Income Statement
Business Model CoreCivic generates revenue through contracts with government partners for correctional, detention, and residential reentry services, as well as government real estate solutions. Revenue Sources * Safety segment: Management of correctional and detention facilities. * Community segment: Operation of residential reentry facilities and provision of electronic monitoring and case management services.
Business Model Prospect Capital Corporation generates revenue primarily through interest income from its investments in senior and subordinated debt, dividend income from equity investments, and other income such as structuring and amendment fees. Revenue Sources * Interest income from control investments * Interest income from non-control/non-affiliate investments * Dividend income from control,
Business Model Butterfield generates revenue through net interest income and non-interest income. Net interest income is derived from the difference between interest earned on assets (loans, securities) and interest paid on liabilities (deposits). Non-interest income includes banking fees, foreign exchange revenue, trust income, asset management fees, and custody fees. Revenue
Business Model Danaos Corporation generates revenue primarily through time charter agreements for its containership fleet and drybulk vessels. Revenue is recognized over the charter period. Revenue Sources * Container vessel time charters * Drybulk vessel time charters Income Statement Analysis * Operating revenues increased by 3.6% primarily due to the addition of
Business Model Apollo Commercial Real Estate Finance, Inc. (ARI) primarily generates revenue through interest income from commercial mortgage loans, subordinate financings, and other commercial real estate-related debt investments. Revenue Sources * Interest income from commercial first mortgage loans * Interest income from subordinate financings and other commercial real estate-related debt investments * Revenue
Business Model Alexander’s, Inc. generates revenue primarily through leasing space at its properties to tenants, tenant services and parking garage revenues. Revenue Sources * Lease revenues, including fixed and variable lease payments, and reimbursement of common area maintenance expenses, real estate taxes and insurance expenses. * Revenues from sub-metered electric, elevator,
Business Model PennantPark Floating Rate Capital (PFLT) generates revenue primarily through interest income on its debt investments, particularly first lien secured debt, second lien secured debt, and subordinated debt. It also receives income from equity investments. Revenue Sources * Interest income from first lien secured debt, which constitutes the majority of
Business Model Unitil generates revenue primarily through the distribution of electricity and natural gas to residential, commercial, and industrial customers in New Hampshire, Massachusetts, and Maine. A significant portion of revenue is derived from regulated electric and natural gas distribution utility operations. Revenue Sources * Electric distribution: Revenue from Unitil'
Business Model Compass Minerals is a leading global provider of essential minerals. They generate revenue primarily through the sale of salt products, plant nutrition products, and, historically, fire retardant products through Fortress North America. Revenue Sources * Salt products for highway deicing, consumer, and industrial applications. * Plant nutrition products to improve
Business Model RGC Resources generates revenue primarily through the sale and distribution of natural gas to residential, commercial, and industrial customers through its subsidiary Roanoke Gas. Revenue Sources * Natural Gas Sales (Residential, Commercial, Transportation, and Interruptible) * Alternative Revenue Programs (Weather Normalization Adjustment, SAVE Plan, RNG) * Non-Utility Activities Income Statement Analysis
Business Model Quipt Home Medical Corp. is a premier provider of clinical respiratory care in the home setting throughout the U.S.A. They generate revenue through a diversified product mix, with a focus on respiratory-related products and services. Revenue Sources * Rentals of medical equipment * Sales of respiratory resupplies * Home
Business Model Shopify generates revenue through two primary streams: Subscription Solutions and Merchant Solutions. Revenue Sources * Subscription Solutions: Recurring fees from merchants using Shopify's platform and services. * Merchant Solutions: Revenue from payment processing, transaction fees, and other value-added services for merchants. Income Statement Analysis * Total revenue increased by
Business Model Gilead Sciences generates revenue from the sale of pharmaceutical products, primarily in the areas of HIV, Liver Disease, Oncology, and Other therapeutic areas, along with royalty, contract and other revenues. Revenue Sources * HIV Product Sales: Driven by Biktarvy and Descovy. * Liver Disease Portfolio: Including products for HBV, HDV,
Business Model BP generates revenue primarily through sales of oil and gas, refining products, and services through its gas & low carbon energy, oil production & operations, and customers & products segments. Revenue Sources * Sales of crude oil and refined products * Sales of natural gas, LNG, and NGLs * Revenue from
Business Model DoorDash generates revenue primarily through commissions from merchants, fees from consumers, and advertising revenue. Revenue Sources * Commissions from merchants for providing delivery and order fulfillment services. * Fees from consumers for delivery, service, and membership programs like DashPass and Wolt+. * Advertising revenue from merchants promoting their businesses on the
Business Model Energy Transfer LP generates revenue through a diversified portfolio of energy assets, including natural gas midstream, intrastate and interstate transportation and storage assets, crude oil, natural gas liquids (NGL), and refined product transportation and terminalling assets; and NGL fractionation. Revenue Sources * Natural Gas Transportation and Storage (Interstate and
Business Model GlobalFoundries generates revenue through the manufacturing and sale of semiconductor wafers to customers across various end markets. Revenue Sources * Wafer revenue accounts for the majority of total revenue. * Non-wafer revenue includes reticles, non-recurring engineering, expedite fees, and other items. Income Statement Analysis * Net revenue decreased by 1% year-over-year
Business Model Supermicro generates revenue by providing Total IT solutions for AI, Cloud, Storage, and 5G/Edge IT Infrastructure, including servers, AI systems, storage, IoT, switch systems, software, and support services. Revenue Sources * AI related platforms contributed over 70% of revenue for Q2 across enterprise and cloud service provider markets.
Business Model Zillow Group generates revenue primarily from two major categories: For Sale and Rentals. For Sale revenue includes revenue from residential and mortgages. Rentals revenue is generated from multifamily properties. Revenue Sources * Residential revenue, derived from premier agent and other advertising services for real estate professionals. * Mortgages revenue, derived
Business Model Carlyle generates revenue primarily through fund management fees, incentive fees, and investment income across its three business segments: Global Private Equity, Global Credit, and Global Investment Solutions. Revenue Sources * Fund management fees: Recurring fees based on AUM. * Incentive fees (carried interest): Share of profits from successful investments in
Business Model Royalty Pharma generates revenue primarily through royalty payments on sales of biopharmaceutical products. These royalties are acquired either directly on approved products or through funding development-stage therapies in exchange for future royalties. Revenue Sources * Royalty Receipts: Variable payments based on sales of products (e.g., cystic fibrosis franchise,
Business Model Allison Transmission generates revenue through the design and manufacture of propulsion solutions for commercial and defense vehicles, primarily medium- and heavy-duty fully automatic transmissions. Revenue Sources * North America On-Highway: Driven by Class 8 vocational vehicles and medium-duty trucks. * Defense: Increased demand for Tracked vehicle applications. * Outside North America
Business Model Confluent generates revenue primarily through subscription services and professional services related to its data streaming platform. Revenue Sources * Subscription revenue from Confluent Platform and Confluent Cloud. * Services revenue from professional services. Income Statement Analysis * Subscription revenue increased 24% year-over-year, driven by Confluent Cloud and Confluent Platform. * Non-GAAP operating
Business Model Exelixis generates revenue primarily through the sales of its cabozantinib franchise, including CABOMETYX and COMETRIQ, and through collaboration agreements with partners like Ipsen and Takeda for royalties on cabozantinib sales outside the U.S. Revenue Sources * CABOMETYX net product revenues in the U.S. * COMETRIQ net product revenues
Business Model Wesco generates revenue through business-to-business distribution, logistics services, and supply chain solutions. Revenue Sources * Electrical and Electronic Solutions (EES) * Communications and Security Solutions (CSS) * Utility and Broadband Solutions (UBS) Income Statement Analysis * Net sales increased slightly by 0.5% compared to Q4 2023, driven by growth in the
Business Model AutoNation generates revenue through the sale of new and used vehicles, parts and service, finance and insurance (F&I) products, and other ancillary services. Revenue Sources * New vehicle sales: Revenue from the retail sale of new vehicles. * Used vehicle sales: Revenue from the retail sale of used
Business Model OneStream is an enterprise finance platform that unifies financial and operational data. Revenue is generated through subscriptions to its cloud-based platform, licenses, and professional services. Revenue Sources * Subscription revenue: Generated from SaaS contracts and cloud computing service fees. * License revenue: From perpetual or term-based software licenses. * Professional services
Business Model Upstart generates revenue through fees from banks and credit unions for using its AI lending platform and interest income from loans held on its balance sheet. Revenue Sources * Platform and referral fees: Revenue from fees, net consist primarily of platform and referral fees revenue earned from banks and
Business Model Lyft generates revenue primarily through its ridesharing platform, offering various transportation options including rideshare, bikes, and scooters. Revenue is also derived from other offerings like Express Drive, subscriptions, media, partnerships, and licensing agreements. Revenue Sources * Ridesharing services: Revenue from transportation of riders. * Bike and scooter rentals: Revenue from
Business Model Freshworks generates revenue from its suite of customer and employee experience software solutions offered through a subscription-based model. Revenue Sources * Subscription revenue from CX products (Freshdesk, Freshchat, Freshsales, Freshmarketer) * Subscription revenue from EX products (Freshservice, Device42, Freshservice for Business Teams) * Professional services (smaller portion of revenue as Freshworks
Business Model BlackLine generates revenue primarily through subscription and support services, as well as professional services. Subscription revenue is derived from contracts providing access to their software platform, while support revenue is related to customer support services. Professional services revenue comes from implementation, training, and consulting services related to their
Business Model Sensata generates revenue through the sale of sensors, sensor-rich solutions, and electrical protection devices used in mission-critical systems across various markets. Revenue Sources * Performance Sensing (Auto and Heavy Vehicle Off-Road): Focus on automotive and heavy vehicle markets, with a robust ICE portfolio and growing electrification offerings. * Sensing Solutions
Business Model USA Compression Partners generates revenue primarily through contract operations, parts and service, and related party transactions. The majority of revenue comes from providing midstream natural gas compression services to infrastructure applications. Revenue Sources * Contract operations: Largest portion of revenue, derived from compression services provided under contract. * Parts and
Business Model McDonald's generates revenue through sales at Company-owned and operated restaurants and fees from franchised restaurants (rent, royalties, and initial fees). Other revenues include fees from franchisees for technology platforms and brand licensing. Revenue Sources * Revenues from franchised restaurants (rent and royalties based on a percentage of
Business Model Vertex Pharmaceuticals generates revenue primarily through the sale of its marketed products, including treatments for cystic fibrosis (CF), sickle cell disease (SCD), transfusion-dependent beta thalassemia (TDT), and acute pain. The main source of revenue is TRIKAFTA/KAFTRIO. Revenue Sources * TRIKAFTA/KAFTRIO: Dominant revenue driver, used for cystic fibrosis
Business Model Rockwell Automation generates revenue through the sale of industrial automation and digital transformation solutions, including hardware, software, and services. Revenue Sources * Intelligent Devices (e.g., Logics, Controllers, IO) * Software & Control (e.g., cloud-enabled optics platform, Plex software) * Lifecycle Services (e.g., solutions business, recurring services) Income Statement
Business Model onsemi generates revenue through its Power Solutions Group (PSG), Analog and Mixed Signal Group (AMG), and Intelligent Sensing Group (ISG). The company focuses on automotive and industrial end-markets, accelerating change in vehicle electrification and safety, sustainable energy grids, industrial automation, and 5G and cloud infrastructure. Revenue Sources * Power
Business Model Incyte generates revenue through product sales and royalties, primarily from Jakafi and Opzelura. Revenue Sources * Jakafi: Drives a significant portion of revenue through sales across various indications (myelofibrosis, polycythemia vera, GVHD). * Opzelura: Growing revenue contribution from sales in atopic dermatitis and vitiligo, both in the U.S. and
Business Model ORIX Corporation generates revenue through a diversified portfolio of businesses, including finance, operations, and investments across various segments such as corporate financial services, real estate, PE investment, environment & energy, insurance, banking & credit, aircraft & ships, and operations in the USA, Europe, Asia, and Australia. Revenue Sources
Business Model CNA Financial Corporation generates revenue primarily through its Property & Casualty (P&C) insurance operations, which include Commercial, Specialty, and International segments. It also generates revenue from Life & Group segment and net investment income. Revenue Sources * P&C Operations: Premiums earned from providing insurance coverage
Business Model Roivant generates revenue primarily through collaborations, licensing agreements, and product sales from its various Vant subsidiaries. Revenue Sources * Revenue, net was $9.0 million for the three months ended December 31, 2024. * Revenue, net was $21.5 million for the nine months ended December 31, 2024. Income Statement
Business Model Lattice Semiconductor generates revenue from the sale of low power programmable solutions, including FPGAs, to customers across various end markets. Revenue Sources * Communications and Computing (45% of FY24 revenue) * Industrial and Automotive (46% of FY24 revenue) * Consumer (9% of FY24 revenue) Revenue Distribution by Channel * Distribution: 89% of
Business Model Simpson Manufacturing Co., Inc. generates revenue through the design, engineering, and manufacturing of wood and concrete construction products. Revenue Sources * Wood Construction Products: Connectors, truss plates, fastening systems, fasteners, and shearwalls. * Concrete Construction Products: Adhesives, specialty chemicals, mechanical anchors, powder-actuated tools, and reinforcing carbon and glass fiber materials.
Business Model SPS Commerce generates revenue by providing retail supply chain cloud services, connecting trading partners to optimize operations. Revenue is recurring and driven by subscription-based and reoccurring services. Revenue Sources * Recurring revenue from over 45,000 customers Income Statement Analysis * Revenue increased by 18% year-over-year, reflecting continued growth in
Business Model Amkor Technology generates revenue through semiconductor packaging and test services. Revenue Sources * Advanced Products: Includes flip chip, memory, and wafer-level processing and related test services. (89% of 2024 revenue) * Mainstream Products: Includes all other wirebond packaging and related test services. (11% of 2024 revenue) * Packaging services: 89% of
Business Model Inspire Medical Systems generates revenue primarily through the sale of its Inspire therapy for obstructive sleep apnea. The therapy includes a neurostimulator, stimulation lead, and sensing lead. Revenue Sources * Sales of Inspire therapy systems to medical centers and hospitals. * Revenue is also generated from international markets. Income Statement
Business Model Tower Semiconductor generates revenue by providing technology, development, and process platforms for its customers in growing markets such as consumer, industrial, automotive, mobile, infrastructure, medical and aerospace and defense. Revenue Sources * RF infrastructure revenue was about $241,000,000 or 17% of corporate revenue in 2024. * RF mobile
Business Model Insperity generates revenue by providing human resources and business performance solutions, primarily through a co-employment model (PEO) where they become the employer of record for their clients' employees. They also offer traditional employment services and solutions for the mid-market. Revenue Sources * Professional Employer Organization (PEO) solution: Long-standing
Business Model GCM Grosvenor generates revenue primarily through management fees and incentive fees across various alternative asset classes including private equity, infrastructure, real estate, credit, and absolute return investment strategies. Revenue Sources * Management fees from customized separate accounts and specialized funds. * Incentive fees (performance fees and carried interest) from certain
Business Model Arrowhead Pharmaceuticals generates revenue through licensing and collaboration agreements with pharmaceutical companies. Key programs include plozasiran, zodasiran, and olpasiran. Revenue Sources * Upfront payments, milestone payments, and royalties on commercial sales from partnered programs. * Co-development and co-commercialization agreements, primarily within the United States, where profits are shared on a
Business Model Edgewell Personal Care generates revenue through the sale of shaving systems and disposables, shave preparations, feminine care products, sun and skin care products, and wet wipes. Revenue Sources * Wet Shave (Men's Systems, Women's Systems, Disposables, and Shave Preps) * Sun and Skin Care (Sun Care,
Business Model Harmonic operates through two segments: Broadband and Video. Broadband focuses on virtualized broadband networking solutions, while Video provides video delivery solutions. Revenue Sources * Appliance and Integration: Primarily from hardware sales and related services. * SaaS and Service: Recurring revenue from software as a service and support agreements. Income Statement
Business Model Columbus McKinnon generates revenue through the design, manufacture, and marketing of intelligent motion solutions for material handling. Revenue Sources * Key products include hoists, crane components, precision conveyor systems, rigging tools, light rail workstations, and digital power and motion control systems. * Focus on commercial and industrial applications requiring safety
Business Model Powerfleet generates revenue from sales of systems, products, customer SaaS, and hosting infrastructure fees. Revenue Sources * Products: Includes wireless AIoT asset management systems and related hardware. * Services: Includes SaaS subscriptions, hosting infrastructure, installation, training, and technical support. Income Statement Analysis * Total revenue increased significantly due to the acquisitions
Business Model NGL Energy Partners LP operates through three segments: Water Solutions, Crude Oil Logistics, and Liquids Logistics. Revenue Sources * Water Solutions: Transportation, treatment, recycling, and disposal of produced and flowback water. * Crude Oil Logistics: Purchase and transport crude oil to refineries and trade hubs, provides storage and terminaling. * Liquids
Business Model Mitek Systems, Inc. generates revenue through software and hardware sales, as well as services including SaaS, maintenance, and professional services. Revenue is derived from Deposits and Identity product lines. Revenue Sources * Software and hardware sales (Deposits and Identity) * SaaS (Deposits and Identity) * Maintenance (Deposits and Identity) * Professional services
Business Model RCI Hospitality Holdings generates revenue primarily through sales of alcoholic beverages, food and merchandise, and service revenues at its Nightclubs and Bombshells Restaurants and Bars. Revenue Sources * Sales of alcoholic beverages * Sales of food and merchandise * Service revenues * Other revenues Income Statement Analysis * Total revenues decreased 3.3%
Business Model Hain Celestial Group generates revenue through the sale of better-for-you brands across snacks, baby/kids, beverages, meal preparation, and personal care categories. They operate under two reportable segments: North America and International. Revenue Sources * Snacks: Garden Veggie Snacks™, Terra® chips, Garden of Eatin'® snacks, Hartley’s® Jelly
Business Model PetMed Express generates revenue through online sales of pet medications (prescription and non-prescription), pet food, supplements, and supplies, marketed directly to consumers via their websites PetMeds.com and PetCareRx.com, customer contact center, and mobile application. Revenue Sources * Reorder sales (85.1% of Q3 2025 revenue) * New order
Business Model Motorcar Parts of America (MPAA) generates revenue through the sale of automotive aftermarket parts and test solutions to retail outlets, the professional repair market, and major automobile manufacturers (OES) primarily in North America. Revenue Sources * Rotating electrical products (alternators, starters): 67% of Q3 2025 revenue * Brake-related products (calipers,
Business Model Beyond Air generates revenue through leases of LungFit PH devices to hospitals and medical facilities, as well as consumables (filters, calibration gas, bagging kits, cables, adapters) and services (maintenance, training, back-up). Revenue Sources * Fixed fee arrangements for LungFit PH device leases * Sales of consumables required to use the
In the realm of investment literature, Warren Buffett's annual shareholder letters stand as hallowed ground. This post will dissect key takeaways from Buffett's 1986 letter, illustrating how his wisdom can be practically applied to modern investment decisions. We'll explore his emphasis on quality management,
In 1985, Warren Buffett, the Oracle of Omaha, penned his annual letter to Berkshire Hathaway shareholders. It wasn't a mere financial report; it was a treasure trove of investment wisdom, delivered with his signature clarity and wit. Let’s dive into some of the key insights from Buffett&
In his 1984 shareholder letter, Warren Buffett delivered more than just a financial report; he provided a masterclass in value investing, corporate governance, and long-term thinking. Let's unpack some of the key insights from this letter and explore how they can be applied to your investment strategy. 1.
In the annals of investment literature, Warren Buffett's annual shareholder letters stand as enduring beacons of wisdom. While each letter offers valuable lessons, the 1983 edition holds particular significance, offering a deep dive into the core principles that have guided Buffett's success. Beyond its historical context,
Business Model Kimco Realty generates revenue primarily from rental income from its portfolio of open-air, grocery-anchored shopping centers and mixed-use properties. Additional revenue comes from management and other fee income. Revenue Sources * Rental income from tenants (majority of revenue) * Management and other fee income Income Statement Analysis * Total revenue increased
Business Model Fortive operates through three segments: Intelligent Operating Solutions (IOS), Precision Technologies (PT), and Advanced Healthcare Solutions (AHS). Revenue is generated from the sale of professional and engineered products, software, and services within these segments. Revenue Sources * Intelligent Operating Solutions: Provides safety and productivity solutions. * Precision Technologies: Offers precision
Business Model BILL generates revenue through subscription fees, transaction fees, and interest on funds held for customers (float revenue). Revenue Sources * Subscription fees: Fixed monthly or annual charges based on feature set and functionality. * Transaction fees: Usage-based charges, including fixed or variable fees and interchange income. * Float revenue: Interest earned
Business Model Newell Brands operates with a portfolio of well-known brands, including Rubbermaid, Sharpie, Graco, Coleman, Yankee Candle, Paper Mate, and others. Revenue is generated through the sale of these consumer goods across various segments. Revenue Sources * Home & Commercial Solutions: Includes brands like Rubbermaid and Yankee Candle. * Learning &
Business Model Avantor generates revenue primarily through sales of mission-critical products and services to customers in the life sciences and advanced technology industries. The company operates through two segments: Laboratory Solutions and Bioscience Production. Revenue Sources * Laboratory Solutions: Includes a broad range of products and services used in research, development,
Business Model Plains All American Pipeline, L.P. (PAA) generates revenue through owning and operating midstream energy infrastructure and providing logistics services for crude oil and natural gas liquids (NGL). They have an extensive network of pipeline gathering and transportation systems, terminalling, storage, processing, fractionation, and other infrastructure assets. Revenue
In the annals of investment literature, Warren Buffett's annual shareholder letters stand as beacons of clarity and insight. Among them, the 1982 letter offers a particularly compelling glimpse into Buffett's investment philosophy, during a period of economic uncertainty. Decades later, the lessons within remain remarkably relevant,
Business Model Cboe Global Markets generates revenue through transaction fees, access and capacity fees, market data fees, and regulatory fees across its derivatives, cash and spot markets, and data solutions businesses. Revenue Sources * Transaction and clearing fees from options, equities, futures, and FX trading * Access and capacity fees for connectivity
Business Model Construction Partners, Inc. (CPI) generates revenue primarily through civil infrastructure projects, specializing in the construction and maintenance of roadways. It also derives revenue from the sale of HMA, aggregates, and liquid asphalt cement. Revenue Sources * Construction services for public and private infrastructure projects * Sale of Hot Mix Asphalt
Business Model Flowers Foods generates revenue through the production and sale of packaged bakery foods in the United States. Revenue Sources * Branded Retail: Sales of branded products like Nature's Own, Dave's Killer Bread, Wonder, Canyon Bakehouse, and Tastykake through retail channels. * Other: Sales through foodservice, vending,
Business Model Perella Weinberg Partners generates revenue by providing strategic and financial advice to corporations, financial sponsors, governments, and sovereign wealth funds. Revenue Sources * Mergers and Acquisitions (M&A) advisory services * Financing and Capital Solutions advisory services, including restructuring and liability management Income Statement Analysis * Revenues increased by 6%
Business Model Frontier Airlines generates revenue primarily through passenger fares and ancillary services. Revenue Sources * Passenger revenue from ticket sales. * Ancillary revenue from services such as baggage fees, seat selection, and other optional services. Income Statement Analysis * Total operating revenues increased by 12% compared to Q4 2023, driven by a
In 1980, the world was grappling with stagflation, high-interest rates, and geopolitical uncertainty. Against this backdrop, Warren Buffett penned his annual shareholder letter, delivering a dose of reality tempered with enduring wisdom. While the specifics of the era might seem distant, the underlying principles articulated in this letter remain remarkably
Business Model Proto Labs is the fastest and most comprehensive manufacturing service from prototyping to production. Its digital factories produce low-volume parts in days, while the Protolabs Network unlocks advanced capabilities and volume pricing through its manufacturing partners. Revenue Sources * Injection Molding * CNC Machining * 3D Printing * Sheet Metal * Other Revenue
Business Model Byrna Technologies generates revenue through the development, manufacture, and sale of less-lethal personal security solutions, primarily through direct-to-consumer (DTC) channels (Byrna.com and Amazon.com), retail stores, and partnerships with retailers like Sportsman's Warehouse. Revenue Sources * Direct-to-consumer (DTC) sales: Sales through Byrna.com and Amazon.com.
Business Model Green Plains generates revenue primarily through the production and sale of ethanol, distillers grains, ultra-high protein products, and renewable corn oil. The company also generates revenue through agribusiness and energy services, including grain handling and storage, commodity marketing, and merchant trading. Revenue Sources * Ethanol production and sales * Sales
Business Model Graham Corporation generates revenue through the design and manufacture of fluid, power, heat transfer, and vacuum technologies for various industries, including defense, space, energy, and process industries. Revenue Sources * Sales to the defense market (11% increase in Q3 FY25) * Higher chemical/petrochemical sales due to increased sales of
Business Model GrafTech International Ltd. is a leading manufacturer of high-quality graphite electrode products essential to the production of electric arc furnace steel and other ferrous and non-ferrous metals. Revenue Sources * Net sales for the fourth quarter of 2024 were $134 million * Net sales for the year ended December 31,
Business Model Canopy Growth generates revenue through the production, distribution, and sale of a diverse range of cannabis and cannabinoid-based products for both adult-use and medical purposes. Key revenue streams include Canada cannabis, international markets cannabis, and Storz & Bickel vaporizers. Revenue Sources * Canada cannabis (adult-use and medical) * International markets
Business Model Iterum Therapeutics is focused on delivering differentiated anti-infectives. Their primary revenue driver is expected to be sales of ORLYNVAH™ (oral sulopenem) for the treatment of uncomplicated urinary tract infections (uUTIs). Revenue Sources * ORLYNVAH™ sales for uUTI treatment in adult women with limited or no alternative oral antibacterial treatment
Business Model Equinor generates revenue through the development, production, and marketing of various forms of energy, including crude oil, natural gas, refined products, power, and renewable energy sources. Revenue Sources * Crude Oil Sales * Natural Gas Sales (European piped gas and North American Gas) * Refined Products Sales * Natural Gas Liquids (NGL)
In 1978, Warren Buffett delivered a shareholder letter brimming with wisdom that continues to resonate profoundly today. Let's unpack some of the key investment lessons nestled within this insightful document and explore their contemporary applications. The Illusion of Accounting Aggregation: Seeing Through the Noise Buffett starts by addressing
Business Model Strategy generates revenue primarily through sales of enterprise analytics software platform via cloud subscriptions and licensing arrangements, as well as related services (product support, consulting, and education). Revenue Sources * Product licenses * Subscription services * Product support * Other services Income Statement Analysis * Total revenues decreased by 3.0% year-over-year. * Total
Business Model Ares Management generates revenue primarily through management fees, carried interest allocations, incentive fees, principal investment income, and administrative, transaction, and other fees. Revenue Sources * Management fees are based on a percentage of AUM. * Carried interest and incentive fees are based on fund performance exceeding hurdle rates. * Administrative, transaction,
Business Model Suncor Energy is an integrated energy company with operations spanning oil sands development, production, and upgrading; offshore oil production; petroleum refining; and retail and wholesale distribution networks. Revenue Sources * Revenues are generated from the sale of upgraded synthetic crude oil, non-upgraded bitumen, refined petroleum products, and byproducts. Revenue
Business Model Markel Group operates through three engines: Insurance, Investments, and Markel Ventures. The Insurance engine generates revenue through premiums. The Investments engine generates revenue through net investment income and gains. Markel Ventures generates revenue from its diverse portfolio of businesses. Revenue Sources * Insurance premiums * Net investment income * Net investment
Business Model Symbotic generates revenue through the sale of AI-powered supply chain automation systems, including supporting software and maintenance services. Revenue Sources * Systems: Includes the sale of Symbotic's automation systems to retail, wholesale, and food & beverage companies. (84.8% of Q1 2025 revenue) * Software Maintenance and Support:
Business Model Molina Healthcare generates revenue primarily through premiums from managed healthcare services under Medicaid and Medicare programs and through state insurance marketplaces. Revenue Sources * Premium revenue from Medicaid, Medicare, and Marketplace plans. * Premium tax revenue. * Investment income. * Other revenue. Income Statement Analysis * Premium revenue increased by 19.39% in
Business Model Equitable Holdings operates through three main segments: Retirement (Individual and Group), Asset Management (AllianceBernstein), and Wealth Management. Revenue is generated through policy charges, fees, premiums, investment management and service fees, and other income. Revenue Sources * Policy charges and fee income from retirement and protection products. * Premiums from insurance
The Oracle of Omaha. Warren Buffett. His name is synonymous with successful, long-term investing. While many seek complex formulas and cutting-edge algorithms, Buffett's philosophy, outlined consistently in his annual letters, remains remarkably simple, yet profoundly effective. Let's explore how Buffett's wisdom from 1977 can
In 1981, amidst economic uncertainty and high inflation, Warren Buffett crafted a shareholder letter that stands as a testament to timeless investment principles. Let's delve into some of the key takeaways from Buffett's 1981 letter and explore their enduring applicability for investors of all levels. Understanding
Business Model Itaú Unibanco generates revenue through a variety of financial products and services, including lending, banking services, asset management, and insurance operations. Revenue Sources * Financial Margin with Clients (interest income from loans and other credit operations) * Commissions and Fees (banking service fees, asset management fees, etc.) * Revenues from Insurance,
Business Model Cloudflare generates revenue by providing a range of cloud-based services, including security, performance, and reliability solutions, delivered through a global network. They operate on a subscription-based model with additional usage-based components. Revenue Sources * Subscription fees from paying customers for access to Cloudflare's platform and services. * Usage-based
Business Model Blue Owl generates revenue through management fees, administrative, transaction and other fees, and performance revenues across its three multi-strategy platforms: Credit, GP Strategic Capital, and Real Assets. The company's strong permanent capital base allows it to provide businesses with private capital solutions. Revenue Sources * Management fees:
Business Model Take-Two Interactive generates revenue through sales of games, advertising, and recurrent consumer spending (virtual currency, add-on content, in-game purchases, and in-game advertising). Revenue Sources * Game sales (physical and digital) * Recurrent consumer spending (virtual currency, add-on content, in-game purchases) * Advertising revenue (primarily within mobile games) * Licensing fees, merchandise, strategy
Business Model Tradeweb generates revenue through transaction fees and commissions, subscription fees, LSEG market data fees, and other services. Revenue Sources * Transaction fees and commissions are generated from trading activity on the platform. * Subscription fees are charged for access to the platform and certain data services. * LSEG market data fees
Business Model Microchip Technology generates revenue primarily through the sale of semiconductor products including mixed-signal microcontrollers, analog, FPGA, and memory products, and through technology licensing of SuperFlash and other technologies. Revenue Sources * Mixed-signal microcontrollers: Accounts for the largest portion of total net sales. * Analog Products: Includes analog, interface, mixed-signal, and
Business Model Illumina generates revenue through the sale of DNA sequencing and array-based technologies, serving customers in research, clinical, and applied markets. Revenue Sources * Product revenue: Includes sales of instruments and consumables (e.g., flow cells, reagents). * Service and other revenue: Includes instrument service contracts, revenue from CDx agreements, informatics
Business Model Genpact generates revenue through providing advanced technology services and solutions to clients. Revenue Sources * Data-Tech-AI net revenues (47% of total revenue in 2024) * Digital Operations net revenues (53% of total revenue in 2024) Revenue Distribution by Channel * Priority accounts contributed 63% of total revenue for the year 2024
Business Model Lionsgate generates revenue through its Studio Business (Motion Picture and Television Production) and Media Networks (STARZ). The Studio Business produces and distributes films and television content, while Media Networks generates revenue through subscriptions and licensing. Revenue Sources * Motion Picture: Theatrical releases, home entertainment, and television distribution. * Television Production:
Business Model Skechers generates revenue through the sale of lifestyle and performance footwear, apparel, and accessories for men, women, and children. Revenue Sources * Wholesale sales to third-party retailers and marketplaces. * Direct-to-Consumer (DTC) sales through Skechers retail stores (domestic and international) and e-commerce platforms (skechers.com). * Distributor, licensee and franchise stores
Business Model AstraZeneca generates revenue through sales of prescription medicines across various therapy areas, including Oncology, Biopharmaceuticals (Cardiovascular, Renal & Metabolism, and Respiratory & Immunology), and Rare Disease. Revenue also includes Alliance Revenue from partnered medicines and Collaboration Revenue from milestones and upfront payments. Revenue Sources * Product Sales: Sales from
Business Model Intercontinental Exchange (ICE) generates revenue through exchanges, fixed income and data services, and mortgage technology. Revenue Sources * Exchanges: Transaction fees from trading activities in energy, agriculture, financials, and equities, as well as data and connectivity services, and listings. * Fixed Income and Data Services: Revenues from fixed income execution,
Business Model Thomson Reuters generates revenue through a combination of recurring subscriptions, transactional sales, and print publications, serving professionals across legal, tax, accounting, compliance, government, and media sectors. Revenue Sources * Recurring revenues account for a significant portion of total revenues (83% in Q4 2024). * Transactions revenues also contribute, though can
Business Model Labcorp generates revenue through its two main segments: Diagnostics Laboratories and Biopharma Laboratory Services. Revenue Sources * Diagnostics Laboratories: Revenue from a broad range of routine and esoteric testing services provided to physicians, hospitals, and other clinical laboratories. * Biopharma Laboratory Services: Revenue from central laboratory services and early development
Business Model Monolithic Power Systems (MPS) generates revenue by selling high-performance, semiconductor-based power electronics solutions into a variety of end markets. Revenue Sources * Power management solutions for Enterprise Data (AI and server applications) * Power solutions for optical modules and routers in Communications * Integrated applications supporting advanced driver assistance systems (ADAS)
Business Model Ralph Lauren Corporation generates revenue through the design, marketing, and distribution of luxury lifestyle products across five categories: apparel, footwear & accessories, home, fragrances, and hospitality. Revenue Sources * Retail sales through directly operated stores (Ralph Lauren Stores and Outlet Stores) and concessions. * Wholesale sales to department stores and
Business Model BorgWarner generates revenue from a diverse portfolio of powertrain solutions for combustion, hybrid, and electric vehicles. Revenue Sources * Turbos & Thermal Technologies: Turbochargers, thermal management systems, cabin heaters, and other related components. * Drivetrain & Morse Systems: Transmission components, AWD systems, timing systems. * PowerDrive Systems: Power electronics, eMotors, integrated
Business Model MarketAxess generates revenue primarily through commissions on fixed-income securities trading, information services, post-trade services, and technology services. Revenue Sources * Commissions: Transaction fees for facilitating fixed-income trading. * Information Services: Revenue from data products, especially CP+. * Post-Trade Services: Revenue related to post-trade processing. * Technology Services: Revenue from technology-related offerings, such
Business Model HII generates revenue primarily through shipbuilding and all-domain defense solutions. Revenue Sources * Product sales (e.g., ships, unmanned systems) * Service revenues (e.g., cyber, ISR, AI/ML, synthetic training) Income Statement Analysis * Sales and service revenues decreased by 5.4% due to lower volume at all segments. * Operating
Business Model CMS Energy generates revenue primarily through its electric and gas utility operations, serving residential, commercial, and industrial customers in Michigan. It also owns and operates independent power generation businesses. Revenue Sources * Electric Utility: Revenue from the sale of electricity to customers. * Gas Utility: Revenue from the sale of
Business Model Hershey generates revenue through the sale of confectionery, salty snacks, and other food products across North America and internationally. Revenue Sources * North America Confectionery: Sales of chocolate, sweets, mints, and gums in the United States and Canada. * North America Salty Snacks: Sales of salty snacks, including SkinnyPop popcorn
Business Model Yum! Brands generates revenue primarily through franchise and property revenues, company restaurant sales, and franchise contributions for advertising and other services. Revenue Sources * Franchise and property revenues: Royalties from franchised restaurants. * Company restaurant sales: Sales from company-owned restaurants. * Franchise contributions for advertising and other services: Payments from franchisees
Business Model Fortinet generates revenue from product sales (hardware and software licenses) and services, including security subscriptions, support, and SaaS solutions. Revenue Sources * Product revenue: Primarily from the sale of network security appliances and related software licenses. * Service revenue: Includes FortiGuard security subscriptions, FortiCare support services, and unified SASE and
Business Model IQVIA generates revenue through three main segments: Technology & Analytics Solutions (TAS), Research & Development Solutions (R&DS), and Contract Sales & Medical Solutions (CSMS). TAS provides commercial insights and healthcare intelligence. R&DS offers clinical research services. CSMS provides contract sales and medical solutions. Revenue
Business Model Tapestry generates revenue primarily through the sale of accessories and lifestyle products through its Coach, Kate Spade, and Stuart Weitzman brands via direct-to-consumer (DTC), wholesale, and licensing businesses. Revenue Sources * Direct-to-Consumer (DTC): Sales through retail stores and e-commerce sites. * Wholesale: Sales of products to wholesale customers, including distributors.
Business Model Aptiv generates revenue through the sale of its advanced technology solutions across its Signal and Power Solutions (SPS) and Advanced Safety and User Experience (ASUX) segments to automotive OEMs. Revenue Sources * Signal and Power Solutions (SPS): Electrical Distribution Systems (EDS) and Engineered Components Group (ECG) * Advanced Safety and
Business Model Snap-on generates revenue through the sale of tools, equipment, diagnostics, repair information, and systems solutions to professional users. Revenue Sources * Sales of tools and equipment to vehicle repair shops and technicians. * Sales to customers in critical industries such as aerospace, military, natural resources, and manufacturing. * Revenue from financial
Business Model Linde generates revenue through the sale of industrial gases and related services to a variety of end markets, including chemicals & energy, food & beverage, electronics, healthcare, manufacturing, metals and mining. Revenue is also generated from engineering projects. Revenue Sources * Industrial gases (oxygen, nitrogen, argon, hydrogen, carbon dioxide,
Business Model Eli Lilly and Company generates revenue through the sale of pharmaceutical products across various therapeutic areas including diabetes, obesity, oncology, immunology, and neuroscience. Key products driving revenue growth include Mounjaro, Zepbound, Verzenio, and Jardiance. Revenue Sources * Mounjaro: A diabetes medication that has also shown effectiveness in weight management,
Business Model ConocoPhillips generates revenue primarily through the exploration, production, transportation, and marketing of crude oil, bitumen, natural gas, LNG, and NGLs. The company has a globally diversified asset portfolio with operations and activities in 14 countries. Revenue Sources * Crude Oil Sales * Natural Gas Sales * LNG Sales * NGLs Sales * Bitumen
Business Model Air Products generates revenue through the sale of industrial gases, related equipment, and application expertise to customers in various industries. Revenue Sources * Sales of industrial gases to industries including refining, chemicals, metals, electronics, manufacturing, medical, and food. * Sale of related equipment such as turbomachinery, membrane systems, and cryogenic
Business Model Xcel Energy generates revenue through regulated utilities, primarily from electric and natural gas sales to residential, commercial, and industrial customers across eight states. Revenue Sources * Electric sales to residential, commercial, and industrial customers. * Natural gas sales to residential, commercial, and industrial customers. * Revenue from rate cases and riders.
Business Model Honeywell operates as an integrated operating company serving a broad range of industries and geographies. Its business is aligned with automation, the future of aviation, and energy transition. Revenue Sources * Product sales: $26.279 billion in FY 2024 * Service sales: $12.219 billion in FY 2024 Income Statement
Business Model Kenvue generates revenue through the sale of consumer health products across three segments: Self Care, Essential Health, and Skin Health & Beauty. Their iconic brands include Aveeno, BAND-AID, Johnson's, Listerine, Neutrogena, and Tylenol. Revenue Sources * Self Care: Focuses on over-the-counter medications and solutions for everyday health
Business Model Bristol Myers Squibb generates revenue through the sale of pharmaceutical products across various therapeutic areas, including oncology, immunology, cardiovascular, and neuroscience. Revenue Sources * Product sales, including key growth brands like Opdivo, Orencia, Yervoy, Reblozyl, Opdualag, Breyanzi, Camzyos, Zeposia, and Sotyktu. * Alliance and other revenues, including royalties and licensing
Business Model Hilton generates revenue primarily through management and franchise fees, licensing fees from strategic partners, and owned and leased hotel operations. Revenue Sources * Management and franchise fees charged to third-party hotel owners * Licensing fees from strategic partners (co-branded credit card providers, strategic partner hotels, HGV) * Revenues from nightly hotel
Business Model Corteva generates revenue through the sale of seed, crop protection, and digital products and services to farmers worldwide. Revenue Sources * Seed sales: Includes corn, soybeans, and other oilseeds. * Crop Protection sales: Includes herbicides, insecticides, fungicides, and biologicals. Income Statement Analysis * Net sales increased by 7% compared to Q4
Business Model AvalonBay Communities generates revenue primarily from rental and other income from its apartment communities, as well as management, development, and other fees. Revenue Sources * Rental and other income from residential apartments. * Commercial revenue from retail and other commercial spaces within mixed-use communities. * Management, development, and other fees. Income
Business Model MAA generates revenue primarily through rental and other property revenues from its multifamily apartment communities. Revenue Sources * Rental income from apartment units. * Other property revenues, which may include fees for services like parking, utilities, and amenities. Income Statement Analysis * Rental and other property revenues increased by 1.40%
Business Model Roblox generates revenue primarily through the sale of Robux, a virtual currency, which users purchase to spend on virtual items and experiences within the platform. They also generate revenue through monthly subscriptions and a small amount through advertising and licensing arrangements. Revenue Sources * Sales of Robux (virtual currency)
Business Model UDR generates revenue primarily through rental income from apartment homes within its communities, along with other income-generating activities. Revenue Sources * Rental income from apartment homes (primary source). * Other income initiatives (property wide Wi-Fi, package lockers, amenity areas). Income Statement Analysis * Net income attributable to UDR decreased significantly from
Business Model STERIS generates revenue through products and services that support patient care with an emphasis on infection prevention. Their revenue streams are segmented into Healthcare, Applied Sterilization Technologies (AST), and Life Sciences. Revenue Sources * Healthcare: Consumables, service, and capital equipment for hospitals and healthcare facilities. * AST: Sterilization services and
Business Model Affirm generates revenue through merchant network fees, interest income on loans held for investment, gain on sales of loans, servicing income, and card network revenue. Revenue Sources * Merchant network revenue: Fees received from merchants when consumers use Affirm to finance purchases. * Interest income: Interest accrued on loans held
Business Model Pinterest generates revenue primarily through advertising, allowing advertisers to reach users at every stage of their purchase journey. Revenue Sources * Revenue is derived from ad impressions and clicks from advertisers. * Strength in retail and emerging verticals like technology and financial services. * Revenue from third-party demand partnerships (Amazon Ads
Business Model Doximity operates a digital platform for medical professionals, generating revenue primarily through subscription-based marketing and advertising solutions for pharmaceutical manufacturers and healthcare systems, as well as through workflow tools subscriptions. Revenue Sources * Marketing Solutions (Largest Revenue Driver): Subscription-based access for pharmaceutical and health systems to reach physicians with
AMZN Financial Analysis Analysis Date: 2/6/2025 Business Model Amazon's revenue model is diversified across several segments including online stores, physical stores, third-party seller services, advertising services, subscription services, and cloud computing (AWS). Revenue Sources * Online Stores: Sales of products and digital media content through online platforms.
CDW Financial Analysis Analysis Date: 2/6/2025 Business Model CDW Corporation is a multi-brand provider of information technology solutions to business, government, education, and healthcare customers in the United States, the United Kingdom, and Canada. Revenue Sources * Products: Hardware, Software and Solutions from various technology brands. * Services: Cloud, SaaS,
ALGN Financial Analysis Analysis Date: 2/6/2025 Business Model Align Technology generates revenue from two segments: Clear Aligners (Invisalign system) and Systems and Services (iTero scanners and exocad CAD/CAM software). Revenue is primarily driven by the volume of clear aligner cases shipped and the sales of iTero scanners
PTC Financial Analysis Analysis Date: 2/6/2025 Business Model PTC generates revenue through sales of software licenses (perpetual and subscription), support and cloud services, and professional services. Recurring revenue, primarily from subscriptions and support, constitutes the majority of their revenue. Revenue Sources * Recurring Revenue: Primarily from subscription software, SaaS,
SWKS Financial Analysis Analysis Date: 2/6/2025 Business Model Skyworks Solutions, Inc. is a leading developer, manufacturer and provider of analog and mixed-signal semiconductors and solutions for numerous applications including Mobile and Broad Markets. Revenue is generated through sales of these products to OEMs through distributors and direct customers.
QCOM Financial Analysis Analysis Date: 2/6/2025 Business Model Qualcomm operates through two main revenue streams: QCT (Qualcomm CDMA Technologies) which generates revenue from equipment and services, primarily the sale of integrated circuits and system software; and QTL (Qualcomm Technology Licensing) which generates revenue from licensing intellectual property, including
CTSH Financial Analysis Analysis Date: 2/6/2025 Business Model Cognizant generates revenue by providing IT services across various segments and geographies. Their revenue streams are diversified across North America, Europe, and Rest of World, and segments including Financial Services, Health Sciences, Products & Resources, and Communications, Media & Technology.
REYN Financial Analysis Analysis Date: 2/6/2025 Business Model Reynolds Consumer Products operates a brand and store brand business model, generating revenue from the sale of household consumer products across three main categories: Cooking, Waste & Storage, and Disposable Tableware. Revenue is derived from retail sales to consumers and
HOG Financial Analysis Analysis Date: 2/6/2025 Business Model Harley-Davidson Motor Company (HDMC) generates revenue primarily from the sale of motorcycles, parts and accessories, apparel, licensing, and other related products and services. Harley-Davidson Financial Services (HDFS) generates revenue from financial services, including financing and insurance for Harley-Davidson customers and
BLBD Financial Analysis Analysis Date: 2/6/2025 Business Model Blue Bird primarily generates revenue from the sale of school buses and aftermarket parts. They offer a variety of school buses including Type C and Type D buses with different powertrains like diesel, gasoline, propane, and electric. Revenue is generated
IEX Financial Analysis Analysis Date: 2/6/2025 Business Model IDEX Corporation operates through three segments: Fluid & Metering Technologies (FMT), Health & Science Technologies (HST), and Fire & Safety/Diversified Products (FSDP). Revenue is generated from the sale of engineered products and mission-critical components across these segments to various
EMR Financial Analysis Analysis Date: 2/6/2025 Business Model Emerson operates through two business segments: Intelligent Devices, and Software and Control. Revenue is generated from sales of automation solutions, including final control products, measurement and analytical instrumentation, discrete automation, safety and productivity solutions, control systems and software, and test
ITW Financial Analysis Analysis Date: 2/6/2025 Business Model ITW operates seven industry-leading segments: Automotive OEM, Food Equipment, Test & Measurement and Electronics, Welding, Polymers & Fluids, Construction Products, and Specialty Products. Revenue is generated through the sale of a diverse range of industrial products and equipment within these
MCK Financial Analysis Analysis Date: 2/6/2025 Business Model McKesson Corporation is a diversified healthcare services leader. Revenue is generated through four segments: U.S. Pharmaceutical, Prescription Technology Solutions, Medical-Surgical Solutions, and International. Revenue Sources * U.S. Pharmaceutical: Distribution of pharmaceuticals and healthcare-related products to retail chains, independent retail
MCK Financial Analysis Analysis Date: 2/6/2025 Business Model McKesson Corporation operates as a diversified healthcare services leader. It generates revenue through four main segments: 1. U.S. Pharmaceutical: Distribution of branded, generic, specialty, biosimilar, and over-the-counter pharmaceuticals and other healthcare-related products. 2. Prescription Technology Solutions (RxTS): Offers access,
JCI Financial Analysis Analysis Date: 2/6/2025 Business Model Johnson Controls generates revenue from building solutions and global products. Building Solutions includes systems and services for HVAC, fire, security, and controls across North America, EMEA/LA, and Asia Pacific. Global Products focuses on manufacturing and selling HVAC equipment and
ODFL Financial Analysis Analysis Date: 2/6/2025 Business Model Old Dominion Freight Line (ODFL) generates revenue primarily from less-than-truckload (LTL) services, offering regional, inter-regional, and national LTL transportation. They also provide other services including container drayage, truckload brokerage, and supply chain consulting, which constitute a smaller portion of their
COR Financial Analysis Analysis Date: 2/6/2025 Business Model Cencora operates through two reportable segments: U.S. Healthcare Solutions and International Healthcare Solutions. Revenue is generated from the distribution of pharmaceuticals and healthcare products, along with value-added services for pharmaceutical manufacturers and healthcare providers. Revenue Sources * U.S. Healthcare
BG Financial Analysis Analysis Date: 2/6/2025 Business Model Bunge generates revenue through its core segments: Agribusiness (Processing and Merchandising), Refined and Specialty Oils, and Milling. Agribusiness involves oilseed processing and merchandising of grains and oilseeds. Refined and Specialty Oils focuses on producing and selling plant-based oils and fats.
GOOG Financial Analysis Analysis Date: 2/6/2025 Business Model Alphabet Inc. generates revenue primarily through online advertising (Google Services), cloud computing services (Google Cloud), and other sources (Other Bets). Google Services advertising revenue is derived from performance and brand advertising on Google Search & other properties, YouTube, and Google
SPG Financial Analysis Analysis Date: 2/6/2025 Business Model Simon Property Group generates revenue primarily through lease income from its properties, including fixed and variable lease components. Variable lease income is derived from factors such as retailer sales performance and reimbursements for operating expenses. Additional revenue streams include management
OMC Financial Analysis Analysis Date: 2/6/2025 Business Model Omnicom Group Inc. operates as a strategic holding company, delivering a comprehensive suite of advertising, marketing and communications services. Revenue is generated through providing these services to clients across various disciplines and geographic regions. Revenue Sources * Media & Advertising: Includes
ATO Financial Analysis Analysis Date: 2/6/2025 Business Model Atmos Energy generates revenue from regulated natural gas distribution and pipeline & storage operations. Distribution revenue is derived from the sale and transportation of natural gas to residential, commercial, and industrial customers. Pipeline & Storage revenue comes from transportation and
MTCH Financial Analysis Analysis Date: 2/6/2025 Business Model Match Group operates a portfolio of dating brands, generating revenue primarily through direct revenue from users and indirect revenue, mainly from advertising. Direct revenue is derived from subscriptions and a la carte features within their dating apps. Revenue Sources * Direct
VLTO Financial Analysis Analysis Date: 2/6/2025 Business Model Veralto operates through two segments: Water Quality and Product Quality & Innovation (PQI). Water Quality focuses on water treatment and analysis solutions for industrial and municipal customers. PQI provides packaging and color solutions, and marking and coding technologies for consumer
JKHY Financial Analysis Analysis Date: 2/6/2025 Business Model Jack Henry & Associates, Inc. is a financial technology company generating revenue from providing technology solutions and payment processing services to financial institutions and corporate entities. Revenue Sources * Services and Support Revenue: Includes private and public cloud, product delivery and
DIS Financial Analysis Analysis Date: 2/6/2025 Business Model The Walt Disney Company operates through three segments: Entertainment, Sports, and Experiences. Revenue is generated from services and products across these segments. Revenue Sources * Services: Primarily includes revenues from theme parks, resorts, cruise line, media networks (affiliate fees, advertising), direct-to-consumer
NWSA Financial Analysis Analysis Date: 2/6/2025 Business Model News Corporation is a global, diversified media and information services company. Revenue is generated across various segments: Dow Jones (Professional Information, Consumer Subscription, Advertising), Digital Real Estate Services (REA Group, Realtor.com), Book Publishing (HarperCollins), and News Media (News UK,
BSX Financial Analysis Analysis Date: 2/6/2025 Business Model Boston Scientific operates through two major segments: MedSurg and Cardiovascular. MedSurg includes Endoscopy, Urology, and Neuromodulation. Cardiovascular includes Cardiology (Interventional Cardiology Therapies, Watchman, Cardiac Rhythm Management, Electrophysiology) and Peripheral Interventions. Revenue is generated from the sale of medical devices and
PEP Financial Analysis Analysis Date: 2/5/2025 Business Model PepsiCo operates through seven reportable segments: Frito-Lay North America (FLNA), Quaker Foods North America (QFNA), PepsiCo Beverages North America (PBNA), Latin America (LatAm), Europe, Africa, Middle East and South Asia (AMESA), and Asia Pacific, Australia and New Zealand and China
MRK Financial Analysis Analysis Date: 2/5/2025 Business Model Merck generates revenue from Pharmaceuticals and Animal Health. Pharmaceutical revenue is primarily driven by sales of key products like KEYTRUDA, GARDASIL, and WINREVAIR, across various therapeutic areas including oncology, vaccines, and cardiovascular. Animal Health revenue is derived from livestock and
MDLZ Financial Analysis Analysis Date: 2/5/2025 Business Model Mondelez International generates revenue through the sale of snacks and food products across various categories and geographies. Key categories include Biscuits & Baked Snacks, Chocolate, and Gum & Candy. Revenue is diversified across developed and emerging markets. Revenue Sources * Biscuits
MPC Financial Analysis Analysis Date: 2/5/2025 Business Model Marathon Petroleum Corporation (MPC) operates through Refining & Marketing, Midstream (primarily through MPLX), and Renewable Diesel segments. Revenue is generated from the sale of refined products, renewable fuels, and midstream services. Revenue Sources * Sales of refined products (gasoline, diesel, jet
EA Financial Analysis Analysis Date: 2/5/2025 Business Model Electronic Arts generates revenue from the sale of full games (both digital downloads and packaged goods) and live services & other, which includes microtransactions, subscriptions, and downloadable content within their games. Revenue is generated across console, PC & Other, and
AMGN Financial Analysis Analysis Date: 2/5/2025 Business Model Amgen generates revenue from the sale of a wide range of biopharmaceutical products across various therapeutic areas, including General Medicine, Rare Disease, Inflammation, and Oncology. Revenue is primarily driven by product sales, with some other revenue streams. Revenue Sources * Product
PFE Financial Analysis Analysis Date: 2/5/2025 Business Model Pfizer operates a global biopharmaceutical business, generating revenue primarily from the sale of prescription medicines and vaccines. Revenue is categorized under Global Biopharmaceuticals Business (Biopharma), Pfizer CentreOne (PC1) which is contract manufacturing and API sales, and Pfizer Ignite. Biopharma is
WEC Financial Analysis Analysis Date: 2/5/2025 Business Model WEC Energy Group operates as a premier energy company with operations in Wisconsin, Illinois, Michigan, and Minnesota. The company's revenue is generated primarily from regulated utilities including: Electric Generation and Distribution: Generating and distributing electricity to retail customers.
FOXA Financial Analysis Analysis Date: 2/5/2025 Business Model Fox Corporation generates revenue through affiliate fees, advertising, and other revenues. Affiliate fees are derived from cable network programming and television segments. Advertising revenue is generated across cable networks, television stations, and digital platforms like Tubi. Other revenues include sports
TDG Financial Analysis Analysis Date: 2/5/2025 Business Model TransDigm Group is a leading global designer, producer, and supplier of highly engineered aircraft components. They generate revenue through sales to commercial and military aircraft manufacturers (OEMs) and aftermarket customers. Revenue Sources * Commercial OEM (approximately 28% of revenue): Sales of
BALL Financial Analysis Analysis Date: 2/5/2025 Business Model Ball Corporation supplies innovative, sustainable aluminum packaging solutions for beverage, personal care, and household products customers. Revenue is primarily generated from the sale of aluminum packaging across different geographical segments. Revenue Sources * Beverage packaging sales in North and Central America
AMCR Financial Analysis Analysis Date: 2/5/2025 Business Model Amcor generates revenue through the sale of packaging solutions across two main segments: Flexibles and Rigid Packaging. Flexibles includes flexible films and bags for food, beverage, healthcare, and other industries. Rigid Packaging includes rigid containers for beverages, food, and specialty
ADM Financial Analysis Analysis Date: 2/5/2025 Business Model ADM operates through three main segments: Ag Services & Oilseeds, Carbohydrate Solutions, and Nutrition. Revenue is generated from processing, merchandising, and selling agricultural commodities and products. Revenue Sources * Ag Services & Oilseeds: Includes merchandising and processing of oilseeds and grains,
REGN Financial Analysis Analysis Date: 2/5/2025 Business Model Regeneron generates revenue primarily from net product sales of its pharmaceutical products, including EYLEA HD, EYLEA, Dupixent, Libtayo, Praluent, Evkeeza, and Inmazeb. Revenue is also derived from collaboration agreements with Sanofi and Bayer, and other revenues including royalties and contract
CMI Financial Analysis Analysis Date: 2/5/2025 Business Model Cummins Inc. operates through five business segments: Engine, Components, Distribution, Power Systems, and Accelera. Revenue is generated from the sale of engines, components, power generation systems, and related services to a global customer base across various markets including heavy and
PYPL Financial Analysis Analysis Date: 2/5/2025 Business Model PayPal generates revenue primarily from transaction fees charged to merchants and consumers based on total payment volume (TPV) on their platform. Additional revenue streams include currency conversion fees, cross-border transaction fees, instant transfer fees, cryptocurrency transaction fees, partnership revenues, referral
APO Financial Analysis Analysis Date: 2/5/2025 Business Model Apollo Global Management operates an asset management and retirement services business. Revenue is generated through management fees, capital solutions and transaction fees in the asset management segment, and net investment spread in the retirement services segment (Athene). Revenue Sources * Asset
AME Financial Analysis Analysis Date: 2/5/2025 Business Model AMETEK is a global manufacturer of highly engineered solutions, operating through two main business segments: Electronic Instruments Group (EIG) and Electromechanical Group (EMG). Revenue is generated from the sale of these products and solutions across diverse niche markets. Revenue Sources
XYL Financial Analysis Analysis Date: 2/5/2025 Business Model Xylem operates through four segments: Water Infrastructure, Applied Water, Measurement and Control Solutions, and Water Solutions and Services. Revenue is generated from product sales and services across these segments, catering to utilities, industrial, and building solution markets. Revenue Sources * Product
CNC Financial Analysis Analysis Date: 2/5/2025 Business Model Centene Corporation operates as a managed healthcare enterprise, primarily generating revenue through premiums and services from government-sponsored healthcare programs and commercial markets. Revenue Sources * Medicaid: Provides managed healthcare services to individuals eligible for state and federal government programs (e.g.
HUBB Financial Analysis Analysis Date: 2/5/2025 Business Model Hubbell Incorporated operates through two segments: Utility Solutions and Electrical Solutions. Revenue Sources * Utility Solutions: Supplies products for the utility industry, including transmission and distribution, substation, telecommunications, and grid automation. * Electrical Solutions: Offers electrical products for commercial, industrial, and residential
FICO Financial Analysis Analysis Date: 2/5/2025 Business Model FICO operates through two segments: Scores and Software. The Scores segment generates revenue through business-to-business (B2B) and business-to-consumer (B2C) channels by providing access to credit and other scores. The Software segment generates revenue from on-premises and SaaS software solutions and
WTW Financial Analysis Analysis Date: 2/5/2025 Business Model WTW operates as a global advisory, broking, and solutions company, generating revenue primarily through two segments: Health, Wealth & Career (HWC) and Risk & Broking (R&B). HWC provides advisory and consulting services related to human capital, employee benefits,
J Financial Analysis Analysis Date: 2/5/2025 Business Model Jacobs operates through two main segments: Infrastructure & Advanced Facilities (I&AF) and PA Consulting. I&AF provides services across critical infrastructure, water and environmental, and life sciences and advanced manufacturing end markets. PA Consulting offers management and
PNR Financial Analysis Analysis Date: 2/5/2025 Business Model Pentair operates through three segments: Flow, Water Solutions, and Pool. They provide technologies and solutions to sustainably move, improve, and enjoy water. Revenue Sources * Flow: Provides fluid motion solutions, including pumps, valves, and controls, for various applications like residential, commercial,
ENPH Financial Analysis Analysis Date: 2/5/2025 Business Model Enphase Energy generates revenue from the sale of microinverter-based solar and battery systems. Their primary products are microinverters, which convert DC power from solar panels to AC power, and IQ Batteries for energy storage. Revenue is derived from sales to
NXPI Financial Analysis Analysis Date: 2/5/2025 Business Model NXP Semiconductors operates across four primary end markets: Automotive, Industrial & IoT, Mobile, and Communication Infrastructure & Other. Revenue is generated from the sale of semiconductor solutions within these markets. Revenue Sources * Automotive: Semiconductors for automotive applications, including ADAS, vehicle
ACM Financial Analysis Analysis Date: 2/5/2025 Business Model AECOM generates revenue from providing professional technical and management support services for infrastructure projects across various sectors, including transportation, water, environment, energy, and facilities. They operate through two main segments: Americas and International, offering services throughout the project lifecycle from
BRBR Financial Analysis Analysis Date: 2/5/2025 Business Model BellRing Brands operates in the convenient nutrition category, generating revenue primarily through the sale of branded ready-to-drink protein shakes, powders, and other convenient nutrition products. Revenue Sources * Premier Protein RTD Shakes: Main revenue driver, experiencing strong growth across all channels.
KD Financial Analysis Analysis Date: 2/5/2025 Business Model Kyndryl generates revenue by providing IT infrastructure services across various practices like Cloud, Security & Resiliency, Network & Edge, Applications, Data & AI, Digital Workplace, and Core Enterprise. They serve clients across industries including Financial Services, Public and Healthcare, Technology,
MTG Financial Analysis Analysis Date: 2/5/2025 Business Model MGIC Investment Corporation generates revenue primarily through mortgage insurance premiums. They offer insurance to lenders to cover losses on residential mortgage loans in case of borrower default. Premiums are earned over the life of the insurance policy, with different premium
NJR Financial Analysis Analysis Date: 2/5/2025 Business Model New Jersey Resources (NJR) operates a diversified energy business model. Its primary revenue streams are derived from regulated utility operations (New Jersey Natural Gas - NJNG), clean energy investments (Clean Energy Ventures - CEV), storage and transportation assets (S&
JJSI Financial Analysis Analysis Date: 2/5/2025 Business Model J&J Snack Foods generates revenue through the manufacturing and selling of branded snack foods and beverages to foodservice and retail supermarket outlets. Revenue Sources * Food Service Segment: Sales to foodservice outlets. * Retail Supermarket Segment: Sales to retail supermarkets.
CSWC Financial Analysis Analysis Date: 2/5/2025 Business Model Capital Southwest Corporation is an internally managed business development company (BDC) focused on providing flexible financing solutions to support the acquisition and growth of middle market businesses. They generate revenue primarily through interest income from debt investments, dividend income from
RBB Financial Analysis Analysis Date: 2/5/2025 Business Model RBB Bancorp generates revenue primarily through net interest income, which is the difference between interest income earned on assets like loans and investment securities and interest expense paid on liabilities like deposits and borrowings. Non-interest income sources include service charges
AMD Financial Analysis Analysis Date: 2/5/2025 Business Model AMD operates through four reportable segments: Data Center, Client, Gaming, and Embedded. Revenue is generated from sales of CPUs, GPUs, APUs, FPGAs, and semi-custom SoCs across these segments. Revenue Sources * Data Center: Sales of AI accelerators, server CPUs, GPUs, APUs,
EA Financial Analysis Analysis Date: 2/4/2025 Business Model Electronic Arts generates revenue from the sale of video games and related content and services. Revenue is categorized into Full Game sales (including downloads and packaged goods) and Live Services and Other. Revenue is also segmented by platform: Console, PC
CMG Financial Analysis Analysis Date: 2/4/2025 Business Model Chipotle generates revenue primarily through sales at its company-owned restaurants and licensed restaurants. Revenue is derived from food and beverage sales, as well as delivery services. Revenue Sources * Food and beverage revenue from company-owned restaurants * Delivery service revenue * Revenue from
SNAP Financial Analysis Analysis Date: 2/4/2025 Business Model Snap Inc. generates revenue primarily through advertising on its Snapchat platform. Revenue is derived from various ad formats, including direct response and brand advertising, as well as from subscriptions to Snapchat+ and other revenue streams. Revenue Sources * Advertising Revenue (Direct
AMD Financial Analysis Analysis Date: 2/4/2025 Business Model AMD operates through four reportable segments: Data Center, Client, Gaming, and Embedded. Revenue is generated from sales of CPUs, GPUs, APUs, chipsets, and semi-custom SoCs across these segments to various customers including data centers, PC manufacturers, and gaming console makers.
GOOG Financial Analysis Analysis Date: 2/4/2025 Business Model Alphabet's revenue is generated primarily through Google Services and Google Cloud. Google Services revenue comes from advertising (Search & other, YouTube ads, Google Network), and Google subscriptions, platforms, and devices. Google Cloud revenue is derived from infrastructure and
CLX Financial Analysis Analysis Date: 2/4/2025 Business Model Clorox operates through four reportable segments: Health and Wellness, Household, Lifestyle, and International. Revenue is generated from the sale of consumer and professional products across these segments, encompassing various brands like Clorox, Glad, Kingsford, Hidden Valley, and Burt's
TSN Financial Analysis Analysis Date: 2/4/2025 Business Model Tyson Foods operates a diversified food company, and a recognized leader in protein. The company generates revenue through the sale of beef, pork, chicken, and prepared foods products across various channels, including retail, foodservice, and international markets. Revenue Sources * Beef:
IDXX Financial Analysis Analysis Date: 2/4/2025 Business Model IDEXX Laboratories operates in the pet healthcare innovation industry, generating revenue through diagnostics and software products and services for veterinary practices globally, as well as products for water and milk quality testing and livestock, poultry and dairy diagnostics. Revenue Sources
SAIA Financial Analysis Analysis Date: 2/4/2025 Business Model Saia Inc. generates revenue by providing less-than-truckload (LTL), non-asset truckload, expedited, and logistics services to customers across the United States. Revenue Sources * Less-than-Truckload (LTL) services: Core revenue stream from transporting smaller freight shipments for multiple customers. * Non-asset truckload services: Revenue
WWD Financial Analysis Analysis Date: 2/4/2025 Business Model Woodward operates in two segments: Aerospace and Industrial. Aerospace segment serves commercial and defenseOriginal Equipment Manufacturers (OEMs) and aftermarket. Industrial segment serves transportation, power generation, and oil & gas markets. Revenue Sources * Aerospace Segment: Commercial OEM, Commercial Aftermarket, Defense OEM,
FN Financial Analysis Analysis Date: 2/4/2025 Business Model Fabrinet is a global leader in advanced precision optical, electronic, and mechanical manufacturing services. They focus on high-mix/low-volume mission-critical components and modules, serving growing industrial markets. Revenue Sources * Optical Communications: Transceivers, Modulators, Optical Amplifiers, ROADM, Silicon Photonics, Line Cards,
ARLP Financial Analysis Analysis Date: 2/4/2025 Business Model Alliance Resource Partners (ARLP) generates revenue primarily from coal sales, oil & gas royalties, and transportation services. Coal operations involve mining and marketing coal to major domestic and international utilities and industrial users. Royalty income is derived from mineral interests
NSSC Financial Analysis Analysis Date: 2/4/2025 Business Model NAPCO Security Technologies generates revenue from two primary sources: Equipment Revenues and Service Revenues. Revenue Sources * Equipment Revenues: Sales of security products including intrusion and access alarm products, door locking devices, and video surveillance products. * Service Revenues: Primarily from monthly
LVRO Financial Analysis Analysis Date: 2/4/2025 Business Model Lavoro operates as an agricultural inputs retailer in Latin America, distributing crop protection products, seeds, fertilizers, and specialty products. It also has a Crop Care segment that manufactures and distributes private label specialty products and imports/distributes off-patent crop protection
JOUT Financial Analysis Analysis Date: 2/4/2025 Business Model Johnson Outdoors generates revenue from the sale of outdoor recreation equipment and technologies across four categories: Fishing, Camping & Watercraft Recreation, Diving, and Camping. They market consumer-preferred brands including Old Town canoes and kayaks, Minn Kota trolling motors, Humminbird marine
PLTR Financial Analysis Analysis Date: 2/3/2025 Business Model Palantir Technologies Inc. generates revenue through its software platforms: Gotham for government clients and Foundry for commercial clients. These platforms enable data integration, analysis, and operational applications. Revenue Sources * Government contracts (US and international) * Commercial contracts (US and international) * Strategic
HIG Financial Analysis Analysis Date: 2/3/2025 Business Model The Hartford operates as a diversified insurer, generating revenue primarily from Property & Casualty Insurance (Commercial Lines and Personal Lines), Group Benefits, and Hartford Funds. Revenue is derived from premiums earned on insurance policies, fees from Hartford Funds, and investment
BKR Financial Analysis Analysis Date: 2/3/2025 Business Model Baker Hughes operates in two segments: Oilfield Services & Equipment (OFSE) and Industrial & Energy Technology (IET). OFSE provides products and services for drilling, evaluation, completion, production, and intervention of oil and gas wells. IET provides turbomachinery and process solutions
WY Financial Analysis Analysis Date: 2/3/2025 Business Model Weyerhaeuser operates through three reportable segments: Timberlands, Real Estate, Energy & Natural Resources, and Wood Products. Revenue Sources * Timberlands: Generates revenue from the sale of logs and timber. * Real Estate, Energy & Natural Resources: Generates revenue from the sale of
XOM Financial Analysis Analysis Date: 2/3/2025 Business Model ExxonMobil's revenue model is based on the sale of Upstream (crude oil, natural gas), Energy Products (refined products), Chemical Products, and Specialty Products globally. Revenue Sources * Sales and other operating revenue from Upstream, Energy Products, Chemical Products, and
CVX Financial Analysis Analysis Date: 2/3/2025 Business Model Chevron generates revenue from upstream and downstream operations. Upstream revenue comes from the exploration, development, and production of crude oil and natural gas. Downstream revenue is generated from refining crude oil into petroleum products and marketing these products, as well
ABBV Financial Analysis Analysis Date: 2/3/2025 Business Model AbbVie generates revenue from a diversified portfolio of pharmaceutical products across Immunology, Oncology, Neuroscience, Aesthetics, and Eye Care. Revenue is primarily driven by product sales in the U.S. and internationally. Revenue Sources * Immunology: Sales of Humira, Skyrizi, and Rinvoq
CL Financial Analysis Analysis Date: 2/3/2025 Business Model Colgate-Palmolive is a global consumer products company focused on four core categories: Oral Care, Personal Care, Home Care, and Pet Nutrition. They generate revenue by selling products within these categories across more than 200 countries and territories. Revenue Sources * Oral
CHTR Financial Analysis Analysis Date: 2/3/2025 Business Model Charter Communications generates revenue primarily through residential and commercial services, including Internet, Video, Mobile, Voice, Advertising sales, and Other revenue streams. Revenue Sources * Residential Services: Internet, Video, Mobile, Voice * Commercial Services: SMB and Enterprise Internet, Video, Voice * Advertising Sales: National
PSX Financial Analysis Analysis Date: 2/3/2025 Business Model Phillips 66 operates through five business segments: Midstream, Chemicals, Refining, Marketing and Specialties (M&S), and Renewable Fuels. Revenue is generated from the sale of various products and services within each segment. Revenue Sources * Midstream: Transportation, fractionation, storage, and
ETN Financial Analysis Analysis Date: 2/3/2025 Business Model Eaton Corporation is an intelligent power management company. They generate revenue from sales across diverse markets including Electrical (Americas and Global), Aerospace, Vehicle, and eMobility. Revenue Sources * Electrical Americas: Sales of electrical products and systems in the Americas region. * Electrical
LYB Financial Analysis Analysis Date: 2/3/2025 Business Model LyondellBasell operates through six operating segments: Olefins and Polyolefins-Americas (O&P-Americas), Olefins and Polyolefins-Europe, Asia and International (O&P-EAI), Intermediates and Derivatives (I&D), Advanced Polymer Solutions (APS), Refining, and Technology. Revenue is generated from the sales
GWW Financial Analysis Analysis Date: 2/3/2025 Business Model Grainger operates through two segments: High-Touch Solutions N.A. and Endless Assortment. High-Touch Solutions N.A. offers approximately 2 million MRO products and services through deep customer relationships and technology. Endless Assortment segment, primarily through Zoro.com and MonotaRO.com,
BR Financial Analysis Analysis Date: 2/3/2025 Business Model Broadridge operates through two main segments: Investor Communication Solutions (ICS) and Global Technology and Operations (GTO). ICS provides regulatory communications, data-driven fund solutions, issuer services, and customer communications. GTO offers capital markets and wealth and investment management solutions. Revenue Sources
RVTY Financial Analysis Analysis Date: 2/3/2025 Business Model Revvity operates through two primary segments: Life Sciences and Diagnostics. Revenue Sources * Life Sciences: Reagents, instruments, and software used in research and drug discovery. This segment is further categorized into Reagents, Instruments and Software. Reagents contribute the largest portion, followed
BEN Financial Analysis Analysis Date: 2/3/2025 Business Model Franklin Resources generates revenue primarily through investment management fees, sales and distribution fees, and shareholder servicing fees. Investment management fees are the largest component, derived from managing assets across various asset classes and investment strategies. Sales and distribution fees are
IMO Financial Analysis Analysis Date: 2/3/2025 Business Model Imperial Oil Limited operates across three main segments: Upstream (exploration, production, and sale of crude oil and natural gas), Downstream (refining, marketing, and distribution of petroleum products), and Chemical (manufacturing and marketing of petrochemicals). Revenue is generated from the sale
BAH Financial Analysis Analysis Date: 2/3/2025 Business Model Booz Allen Hamilton generates revenue by providing management and technology consulting and engineering services to U.S. and international governments, corporations, and not-for-profit organizations. Revenue Sources * Defense Clients (50% of Q3 2025 revenue) * Civil Clients (35% of Q3 2025 revenue)
BEP Financial Analysis Analysis Date: 2/3/2025 Business Model Brookfield Renewable Partners operates a diversified portfolio of renewable power assets across various technologies and geographies. Revenue is generated primarily from the sale of electricity produced by these facilities under long-term contracts and in merchant markets. Revenue Sources * Hydroelectric Power
JHG Financial Analysis Analysis Date: 2/3/2025 Business Model Janus Henderson generates revenue primarily through management fees, performance fees, and shareowner servicing fees. Management fees are based on AUM, performance fees are earned when investment performance exceeds certain benchmarks, and shareowner servicing fees are for services provided to fund
GNTX Financial Analysis Analysis Date: 2/3/2025 Business Model Gentex Corporation generates revenue primarily from the sale of auto-dimming mirrors and electronics for the automotive industry. They also have 'Other' revenue streams including dimmable aircraft windows, fire protection products, and medical products. Revenue Sources * Automotive net sales:
BMI Financial Analysis Analysis Date: 2/3/2025 Business Model Badger Meter operates in two product lines: Utility Water and Flow Instrumentation. Utility water product line sales are driven by the adoption of smart water solutions including cellular AMI, endpoints, and SaaS. Flow instrumentation product line sales are derived from
PIPR Financial Analysis Analysis Date: 2/3/2025 Business Model Piper Sandler operates a diversified investment bank with revenue streams from Investment Banking (Advisory Services, Corporate Financing, Municipal Financing), and Institutional Brokerage (Equity Brokerage, Fixed Income Services). Revenue Sources * Investment Banking: Generates fees from M&A advisory, restructuring, capital
FHB Financial Analysis Analysis Date: 2/3/2025 Business Model First Hawaiian Bank generates revenue primarily through net interest income, which is the difference between interest income earned on loans and investments and interest expense paid on deposits and borrowings. They also generate non-interest income from service charges, fees, and
ARCB Financial Analysis Analysis Date: 2/3/2025 Business Model ArcBest operates as an integrated logistics company, offering a range of services through two main segments: Asset-Based and Asset-Light. The Asset-Based segment primarily consists of less-than-truckload (LTL) services provided by ABF Freight. The Asset-Light segment offers a broader range of
VSTS Financial Analysis Analysis Date: 2/3/2025 Business Model Vestis Corporation generates revenue by providing uniform services and workplace supplies to businesses in North America. Their comprehensive service offering includes uniform rental programs, floor mats, towels, linens, managed restroom services, first aid supplies, and cleanroom and specialty garment processing.
Business Model Virtus Investment Partners operates a multi-boutique asset management model. They generate revenue primarily through investment management fees, which are a percentage of assets under management (AUM). Additional revenue streams include distribution and service fees, administration and shareholder service fees, and other income and fees. Revenue Sources * Investment Management
BAH Financial Analysis Analysis Date: 2/2/2025 Business Model Booz Allen Hamilton is an advanced technology company delivering outcomes with speed for America’s most critical defense, civil, and national security priorities. They generate revenue primarily through providing consulting, technology and engineering services to the U.S. government, as
LHX Financial Analysis Analysis Date: 1/31/2025 Business Model L3Harris generates revenue primarily through four segments: Space & Airborne Systems (SAS), Integrated Mission Systems (IMS), Communication Systems (CS), and Aerojet Rocketdyne (AR) Revenue Sources * Space & Airborne Systems: $6,869M (32% of 2024 revenue) * Integrated Mission Systems: $6,842M
INTC Financial Analysis Analysis Date: 1/31/2025 Business Model Intel generates revenue through multiple business segments including Client Computing Group (CCG), Data Center and AI (DCAI), Network and Edge (NEX), and Intel Foundry Services Revenue Sources * Client Computing Group (CCG): $8.0B (56% of Q4 revenue) * Data Center and
DECK Financial Analysis Analysis Date: 1/31/2025 Business Model Deckers Brands generates revenue through the design, marketing, and distribution of innovative footwear, apparel, and accessories. Their portfolio includes brands like UGG, HOKA, Teva, Koolaburra, and AHNU. Revenue Sources * Direct-to-Consumer (DTC) sales through company-owned retail stores and online stores. * Wholesale
TSCO Financial Analysis Analysis Date: 1/31/2025 Business Model Tractor Supply generates revenue primarily through retail sales of livestock/pet products, hardware, tools, seasonal items and clothing through its network of retail stores and digital channels Revenue Sources * Retail store sales (primary revenue source) * Digital/ecommerce sales (over $1.
RMD Financial Analysis Analysis Date: 1/31/2025 Business Model ResMed generates revenue primarily from two segments: Sleep and Breathing Health (87% of revenue) and Residential Care Software (13% of revenue) Revenue Sources * Sleep and Breathing Health devices (52% of revenue) * Masks and other products (36% of revenue) * Residential Care
DOV Financial Analysis Analysis Date: 1/31/2025 Business Model Dover generates revenue through five operating segments: Engineered Products, Clean Energy & Fueling, Imaging & Identification, Pumps & Process Solutions, and Climate & Sustainability Technologies Revenue Sources * Engineered Products (15% of revenue): Vehicle aftermarket, fluid dispensing, aerospace & defense * Clean
PHM Financial Analysis Analysis Date: 1/31/2025 Business Model PulteGroup generates revenue primarily through homebuilding operations across multiple buyer segments Revenue Sources * First-time homebuyer segment (40% of closings in 2024) * Move-up homebuyer segment (38% of closings in 2024) * Active adult segment (22% of closings in 2024) Revenue Distribution by
CAH Financial Analysis Analysis Date: 1/31/2025 Business Model Cardinal Health generates revenue primarily through pharmaceutical distribution and medical/surgical supplies distribution Revenue Sources * Pharmaceutical and Specialty Solutions (92% of revenue) - Distribution of branded and generic pharmaceuticals * Global Medical Products and Distribution (6% of revenue) - Medical supplies
LUV Financial Analysis Analysis Date: 1/31/2025 Business Model Southwest Airlines generates revenue primarily through passenger transportation, with supplementary revenue from freight and other services Revenue Sources * Passenger revenue (91% of total revenue in Q4 2024) * Freight revenue (0.6% of total revenue in Q4 2024) * Other revenue including
DGX Financial Analysis Analysis Date: 1/31/2025 Business Model Quest Diagnostics generates revenue primarily through diagnostic information services, including clinical laboratory testing and related services Revenue Sources * Diagnostic Information Services ($9.61B in 2024, 97% of total revenue) * Other Revenue Streams ($258M in 2024, 3% of total revenue) Revenue
AOS Financial Analysis Analysis Date: 1/31/2025 Business Model A.O. Smith generates revenue primarily through sales of water heaters, boilers, and water treatment products across North America and international markets Revenue Sources * North America segment: Water heaters, boilers, and water treatment products (77% of total revenue) * Rest of
GEN Financial Analysis Analysis Date: 1/31/2025 Business Model Gen Digital generates revenue primarily through direct-to-consumer cybersecurity and digital protection subscriptions, with additional revenue from partner channels Revenue Sources * Direct consumer subscriptions (88% of Q3 2025 revenue) * Partner channel revenue (11% of Q3 2025 revenue) * Legacy revenue (1% of
EMN Financial Analysis Analysis Date: 1/31/2025 Business Model Eastman generates revenue through specialty materials and chemicals across multiple segments: Advanced Materials, Additives & Functional Products, Chemical Intermediates, and Fibers Revenue Sources * Advanced Materials (32% of revenue): Specialty plastics and materials * Additives & Functional Products (31% of revenue): Additives
PH Financial Analysis Analysis Date: 1/31/2025 Business Model Parker Hannifin generates revenue through diversified industrial and aerospace systems segments Revenue Sources * Diversified Industrial - North America (40.7% of Q2 2025 revenue) * Diversified Industrial - International (27.9% of Q2 2025 revenue) * Aerospace Systems (31.4% of Q2
IP Financial Analysis Analysis Date: 1/31/2025 Business Model International Paper generates revenue primarily through Industrial Packaging (83%) and Global Cellulose Fibers (15%) Revenue Sources * Industrial Packaging - Corrugated packaging, containerboard, and recycling (83% of revenue) * Global Cellulose Fibers - Pulp products (15% of revenue) Revenue Distribution by Channel
UPS Financial Analysis Analysis Date: 1/31/2025 Business Model UPS generates revenue primarily through domestic and international package delivery services, along with supply chain solutions Revenue Sources * U.S. Domestic Package ($17.3B in Q4 2024, 68.4% of revenue) * International Package ($4.9B in Q4 2024, 19.4%
TT Financial Analysis Analysis Date: 1/31/2025 Business Model Trane Technologies generates revenue through commercial HVAC, residential HVAC, and transport refrigeration solutions Revenue Sources * Commercial HVAC (~70% of revenue) - Equipment and services for commercial buildings * Residential HVAC (~20% of revenue) - Home heating and cooling solutions * Transport Refrigeration
NOC Financial Analysis Analysis Date: 1/31/2025 Business Model Northrop Grumman generates revenue through four main segments: Aeronautics Systems, Defense Systems, Mission Systems, and Space Systems Revenue Sources * Aeronautics Systems - Aircraft, autonomous systems and aerospace products (29% of revenue) * Defense Systems - Strategic deterrence, weapons and missile defense
MMC Financial Analysis Analysis Date: 1/31/2025 Business Model Marsh McLennan generates revenue through four market-leading businesses providing professional services in risk, strategy and people Revenue Sources * Risk & Insurance Services (62% of revenue): Insurance broking and risk advisory through Marsh, and reinsurance services through Guy Carpenter * Consulting (38%
AVY Financial Analysis Analysis Date: 1/31/2025 Business Model Avery Dennison generates revenue primarily through two segments: Materials Group and Solutions Group Revenue Sources * Materials Group (69% of revenue): Label materials, graphics & reflectives, performance tapes & medical * Solutions Group (31% of revenue): Base solutions, intelligent labels, Vestcom, external
CI Financial Analysis Analysis Date: 1/31/2025 Business Model Cigna generates revenue primarily through two segments: Evernorth Health Services (~60% of earnings) and Cigna Healthcare (~40% of earnings) Revenue Sources * Evernorth Health Services - Pharmacy Benefit Services revenues of $111.8B in 2024 * Evernorth Health Services - Specialty and
URI Financial Analysis Analysis Date: 1/31/2025 Business Model United Rentals generates revenue primarily through equipment rentals, sales of rental equipment, sales of new equipment, contractor supplies sales, and service/other revenues Revenue Sources * Equipment rentals (85% of 2024 revenue): Includes renting equipment and related fees for delivery, pickup,
TER Financial Analysis Analysis Date: 1/31/2025 Business Model Teradyne operates through Semiconductor Test, Robotics, and Other Product Test (System Test and Wireless Test) segments. Semiconductor Test is the largest revenue contributor, driven by SOC and Memory testing demand, particularly from Compute (AI, networking), Mobile, and Auto/Industrial sectors.
VLO Financial Analysis Analysis Date: 1/31/2025 Business Model Valero generates revenue primarily through its refining operations, renewable diesel, and ethanol segments Revenue Sources * Refining segment (95.4% of Q4 2024 revenue) * Renewable Diesel segment - Diamond Green Diesel (1.7% of Q4 2024 revenue) * Ethanol segment (2.9%
DOW Financial Analysis Analysis Date: 1/31/2025 Business Model Dow generates revenue through its three primary operating segments: Packaging & Specialty Plastics, Industrial Intermediates & Infrastructure, and Performance Materials & Coatings Revenue Sources * Packaging & Specialty Plastics (51% of Q4 2024 revenue) * Industrial Intermediates & Infrastructure (28% of Q4
CMCSA Financial Analysis Analysis Date: 1/31/2025 Business Model Comcast generates revenue through multiple segments including Connectivity & Platforms (broadband, wireless, business services) and Content & Experiences (media, studios, theme parks) Revenue Sources * Residential Connectivity & Platforms ($18B, 56% of revenue) - Includes broadband, wireless, video and advertising * Business
CAT Financial Analysis Analysis Date: 1/31/2025 Business Model Caterpillar generates revenue through three primary segments: Construction Industries, Resource Industries, and Energy & Transportation, along with Financial Products financing. Revenue Sources * Construction Industries - Construction equipment and related parts/services * Resource Industries - Mining equipment and related parts/services
TMO Financial Analysis Analysis Date: 1/31/2025 Business Model Thermo Fisher generates revenue through four main segments: Life Sciences Solutions, Analytical Instruments, Specialty Diagnostics, and Laboratory Products and Biopharma Services Revenue Sources * Laboratory Products and Biopharma Services (52.1% of revenue) * Life Sciences Solutions (22.9% of revenue) * Analytical
MO Financial Analysis Analysis Date: 1/31/2025 Business Model Altria generates revenue primarily through tobacco products including combustible cigarettes, oral tobacco products, and e-vapor products Revenue Sources * Smokeable products (cigarettes and cigars) - Primary revenue driver through brands like Marlboro and Black & Mild * Oral tobacco products - Including
MA Financial Analysis Analysis Date: 1/31/2025 Business Model Mastercard generates revenue primarily through payment network fees and value-added services/solutions Revenue Sources * Payment Network Revenue (59% of Q4 2024 revenue) - Includes domestic assessments, cross-border assessments, transaction processing * Value-Added Services & Solutions (41% of Q4 2024 revenue) -
V Financial Analysis Analysis Date: 1/31/2025 Business Model Visa generates revenue primarily through transaction processing fees and value-added services Revenue Sources * Service revenue (44% of net revenue) - Based on payment volumes * Data processing revenue (50% of net revenue) - Transaction processing fees * International transaction revenue (36% of
SHW Financial Analysis Analysis Date: 1/31/2025 Business Model Sherwin-Williams generates revenue primarily through its three segments: Paint Stores Group, Consumer Brands Group, and Performance Coatings Group Revenue Sources * Paint Stores Group (57.1% of revenue) - Sales through company-operated stores * Consumer Brands Group (13.5% of revenue) -
AAPL Financial Analysis Analysis Date: 1/31/2025 Business Model Apple generates revenue through two main segments - Products and Services Revenue Sources * Products (78.8% of revenue): iPhone, Mac, iPad, Wearables/Home/Accessories * Services (21.2% of revenue): App Store, iCloud, Apple Music, Apple TV+, etc. Income Statement Analysis
ADP Financial Analysis Analysis Date: 1/30/2025 Business Model ADP generates revenue primarily through two segments: Employer Services and Professional Employer Organization (PEO) Services Revenue Sources * Employer Services (67% of revenue): Offers comprehensive HCM and HR outsourcing solutions * PEO Services (33% of revenue): Provides employment administration outsourcing solutions Income
HES Financial Analysis Analysis Date: 1/30/2025 Business Model Hess Corporation generates revenue primarily through oil and gas exploration and production operations, along with midstream services Revenue Sources * Oil and gas production sales (primary revenue source) * Midstream operations through Hess Midstream Revenue Distribution by Channel * E&P revenue:
IBM Financial Analysis Analysis Date: 1/30/2025 Business Model IBM generates revenue through Software, Consulting, and Infrastructure segments Revenue Sources * Software (45% of revenue): Includes Red Hat, Automation, Data & AI, Security, and Transaction Processing * Consulting (33% of revenue): Business Transformation, Technology Consulting, Application Operations * Infrastructure (22% of revenue)
NOW Financial Analysis Analysis Date: 1/30/2025 Business Model ServiceNow generates revenue primarily through subscription-based software licenses and professional services Revenue Sources * Subscription revenues (96% of total revenue in Q4 2024) * Professional services and other revenues (4% of total revenue in Q4 2024) Revenue Distribution by Channel * Direct enterprise
GD Financial Analysis Analysis Date: 1/30/2025 Business Model General Dynamics operates through four segments: Aerospace, Marine Systems, Combat Systems, and Technologies. Revenue is generated from the sale of products and services within these segments. Revenue Sources * Aerospace: Business aviation (Gulfstream aircraft sales and services) * Marine Systems: Shipbuilding and
NSC Financial Analysis Analysis Date: 1/30/2025 Business Model Norfolk Southern Corporation (NSC) generates revenue primarily from railway operations across Merchandise, Intermodal, and Coal segments. Revenue is also generated from fuel surcharges. Revenue Sources * Merchandise: Transportation of various goods (Q4 2024 Revenue: $1,842M) * Intermodal: Transportation of containers and
LRCX Financial Analysis Analysis Date: 1/30/2025 Business Model Lam Research generates revenue primarily through sales of semiconductor manufacturing equipment and customer support services. Revenue Sources * System Sales (60% of revenue) - Equipment and upgrades for etch, deposition, and clean processes * Customer Support Business Group (40% of revenue) -
OTIS Financial Analysis Analysis Date: 1/30/2025 Business Model Otis generates revenue through two main segments: New Equipment and Service (maintenance, repair and modernization) Revenue Sources * New Equipment (38% of FY2024 revenue) - Sales of new elevator and escalator installations * Service (62% of FY2024 revenue) - Maintenance, repair and
MSCI Financial Analysis Analysis Date: 1/30/2025 Business Model MSCI generates revenue through recurring subscriptions (73%), asset-based fees (22%), and non-recurring revenue (3%) Revenue Sources * Recurring subscription revenues (73% of total revenue) * Asset-based fees from ETFs, futures & options, and non-ETF products (22% of total revenue) * Non-recurring revenues (3%
NDAQ Financial Analysis Analysis Date: 1/30/2025 Business Model Nasdaq generates revenue through three main segments: Capital Access Platforms, Financial Technology, and Market Services Revenue Sources * Capital Access Platforms (42% of revenue): Data & Listing Services, Index, and Workflow & Insights * Financial Technology (35% of revenue): Financial Crime Management,
LII Financial Analysis Analysis Date: 1/30/2025 Business Model Lennox generates revenue primarily through two main segments: Home Comfort Solutions and Building Climate Solutions Revenue Sources * Home Comfort Solutions (66% of Q4 2024 revenue) * Building Climate Solutions (34% of Q4 2024 revenue) Revenue Distribution by Channel * Home Comfort Solutions:
CHRW Financial Analysis Analysis Date: 1/30/2025 Business Model C.H. Robinson generates revenue primarily through transportation and logistics services across multiple modes Revenue Sources * Transportation Services (91.8% of revenue) - Including truckload, LTL, ocean, air and customs services * Sourcing Services (8.2% of revenue) - Including produce
CR Financial Analysis Analysis Date: 1/30/2025 Business Model Crane Company generates revenue through two main segments: Aerospace & Electronics and Process Flow Technologies Revenue Sources * Aerospace & Electronics (44% of Q4 2024 revenue): OE Sales (63%) and Aftermarket Sales (37%) * Process Flow Technologies (56% of Q4 2024 revenue)
AGNC Financial Analysis Analysis Date: 1/30/2025 Business Model AGNC generates revenue primarily through net interest income from its investment portfolio of agency residential mortgage-backed securities (MBS) and related instruments Revenue Sources * Net interest income from agency MBS portfolio * TBA dollar roll income * Interest rate swap periodic income Revenue
PRK Financial Analysis Analysis Date: 1/30/2025 Business Model Park National Corporation generates revenue primarily through net interest income, which is the difference between interest income earned on assets like loans and investment securities, and interest expense paid on liabilities like deposits and borrowings. They also generate revenue from
EFSC Financial Analysis Analysis Date: 1/30/2025 Business Model Enterprise Financial Services Corp (EFSC) generates revenue primarily through net interest income and non-interest income. Net interest income is derived from the difference between interest earned on assets like loans and securities, and interest paid on liabilities like deposits. Non-interest
PFBF Financial Analysis Analysis Date: 1/30/2025 Business Model Preferred Bank generates revenue primarily through net interest income from loans and deposits, as well as fee income from various banking services. Revenue Sources * Net interest income (primary revenue source) * Fee income from letters of credit and deposit services Revenue
TRNS Financial Analysis Analysis Date: 1/30/2025 Business Model Transcat operates through two segments: Service and Distribution. The Service segment provides accredited calibration, reliability, maintenance optimization, quality and compliance, validation, CMMS, and pipette services, primarily to regulated industries like Life Sciences, Aerospace & Defense, and Energy & Utilities. The
CBNK Financial Analysis Analysis Date: 1/30/2025 Business Model Capital Bank generates revenue through multiple business lines including commercial banking, OpenSky secured credit cards, mortgage banking, and government guaranteed lending services through Windsor Advantage Revenue Sources * Commercial Banking - Net interest income and fees from commercial loans and deposits
HBCP Financial Analysis Analysis Date: 1/30/2025 Business Model Home Bancorp generates revenue primarily through net interest income from lending activities and investment securities, and non-interest income from service fees, bank card fees, and gains on asset sales. The company operates primarily in Southern Louisiana, Western Mississippi, and Houston.
HMST Financial Analysis Analysis Date: 1/30/2025 Business Model HomeStreet, Inc. generates revenue primarily through net interest income from lending activities and investment securities, as well as noninterest income from loan origination and sales, loan servicing, and deposit fees. Revenue Sources * Net Interest Income: Income from loans and investment
DHR Financial Analysis Analysis Date: 1/30/2025 Business Model Danaher generates revenue through three main segments: Biotechnology, Life Sciences, and Diagnostics Revenue Sources * Biotechnology: $6.8B (28% of 2024 revenue) * Life Sciences: $7.3B (31% of 2024 revenue) * Diagnostics: $9.8B (41% of 2024 revenue) Income Statement Analysis * Revenue
TMUS Financial Analysis Analysis Date: 1/30/2025 Business Model T-Mobile generates revenue primarily through wireless service and equipment sales Revenue Sources * Postpaid service revenues (80.4% of Q4 2024 revenue) * Equipment sales and leases (21.5% of Q4 2024 revenue) * Prepaid service revenues (12.7% of Q4 2024 revenue)
META Financial Analysis Analysis Date: 1/29/2025 Business Model Meta generates revenue primarily through digital advertising across its Family of Apps (Facebook, Instagram, WhatsApp, Messenger) and Reality Labs hardware sales Revenue Sources * Advertising revenue (96.7% of Q4 2024 revenue) * Reality Labs revenue (2.2% of Q4 2024 revenue)
SUI Financial Analysis Analysis Date: 1/29/2025 Business Model Sun Communities generates revenue primarily through real property operations including MH communities, RV resorts, marinas and UK holiday parks Revenue Sources * Real property operations - MH/RV/Marina/UK (89% of total NOI) * Home sales (7% of total NOI) * Service,
KRC Financial Analysis Analysis Date: 1/29/2025 Business Model Kilroy Realty Corporation generates revenue primarily through rental income from office, life science and residential properties Revenue Sources * Rental income (98.6% of Q3 2024 revenue) * Other property income (1.4% of Q3 2024 revenue) Revenue Distribution by Channel * 84.
PEB Financial Analysis Analysis Date: 1/29/2025 Business Model Pebblebrook generates revenue primarily through hotel operations including room revenue, food & beverage, and other operating revenue Revenue Sources * Room revenue (58% of total revenue in Q3 2024) * Food and beverage revenue (24% of total revenue in Q3 2024) * Other
PK Financial Analysis Analysis Date: 1/29/2025 Business Model Park Hotels & Resorts generates revenue primarily through owned hotel operations across rooms, food and beverage, and ancillary services Revenue Sources * Rooms revenue (62% of Q3 2024 revenue) * Food and beverage revenue (24% of Q3 2024 revenue) * Ancillary hotel revenue
DOC Financial Analysis Analysis Date: 1/29/2025 Business Model Healthpeak Properties generates revenue primarily through rental income from healthcare real estate properties across lab, outpatient medical, and CCRC segments Revenue Sources * Rental and related revenues ($543.2M in Q3 2024) * Resident fees and services ($142.8M in Q3 2024)
O Financial Analysis Analysis Date: 1/29/2025 Business Model Realty Income operates as a real estate investment trust (REIT) focused on freestanding, single-tenant commercial properties in the U.S. and Europe. They generate revenue primarily through long-term net leases with commercial clients. Revenue Sources * Rental income from a diversified
CCI Financial Analysis Analysis Date: 1/29/2025 Business Model Crown Castle generates revenue primarily through leasing of communications infrastructure including towers, small cells and fiber Revenue Sources * Towers segment (65% of Q3 2024 revenues) * Small Cells segment (21% of Q3 2024 revenues) * Fiber Solutions segment (14% of Q3 2024
FRT Financial Analysis Analysis Date: 1/29/2025 Business Model Federal Realty generates revenue primarily through rental income from retail and mixed-use properties Revenue Sources * Rental income (minimum rent, cost reimbursements from tenants and percentage rent) - 99.9% of revenue * Mortgage interest income - 0.1% of revenue Revenue
RTX Financial Analysis Analysis Date: 1/29/2025 Business Model RTX generates revenue through three main business segments: Collins Aerospace, Pratt & Whitney, and Raytheon Revenue Sources * Collins Aerospace - Commercial aerospace systems, avionics, interiors, mechanical systems * Pratt & Whitney - Commercial and military aircraft engines, maintenance services * Raytheon -
BA Financial Analysis Analysis Date: 1/29/2025 Business Model Boeing generates revenue primarily through commercial aircraft sales, defense/space contracts, and aftermarket services Revenue Sources * Commercial Airplanes: $22.9B (34% of FY2024 revenue) * Defense, Space & Security: $23.9B (36% of FY2024 revenue) * Global Services: $20.0B (30% of
KMB Financial Analysis Analysis Date: 1/29/2025 Business Model Kimberly-Clark generates revenue through three main segments: North America (54.9%), International Personal Care (28.5%), and International Family Care & Professional (16.6%) Revenue Sources * North America ($11.0B): Baby & Child Care, Adult Care, Feminine Care, Family Care,
SYK Financial Analysis Analysis Date: 1/29/2025 Business Model Stryker generates revenue through two main segments: MedSurg and Neurotechnology, and Orthopaedics Revenue Sources * MedSurg and Neurotechnology (59.8% of revenue): Instruments, Endoscopy, Medical, Neurovascular, and Neuro Cranial products * Orthopaedics (40.2% of revenue): Knees, Hips, Trauma and Extremities, Spinal
LMT Financial Analysis Analysis Date: 1/29/2025 Business Model Lockheed Martin generates revenue primarily through defense contracts with the U.S. government and international customers Revenue Sources * Aeronautics (40% of revenue) - F-35, F-16, C-130J aircraft programs * Missiles and Fire Control (18% of revenue) - PAC-3, THAAD, GMLRS systems
SYY Financial Analysis Analysis Date: 1/29/2025 Business Model Sysco generates revenue primarily through foodservice distribution to restaurants, healthcare facilities, educational institutions, lodging establishments and other customers who prepare meals away from home Revenue Sources * U.S. Foodservice Operations (69.7% of revenue) * International Foodservice Operations (18.5% of
RCL Financial Analysis Analysis Date: 1/29/2025 Business Model Royal Caribbean generates revenue through passenger ticket sales and onboard/other revenue across its cruise brands Revenue Sources * Passenger ticket revenues (69.8% of 2024 revenue) * Onboard and other revenues (30.2% of 2024 revenue) Income Statement Analysis * Revenue increased
PCAR Financial Analysis Analysis Date: 1/29/2025 Business Model PACCAR generates revenue through three main segments: Truck Sales (74%), Parts (20%), and Financial Services (6%) Revenue Sources * Truck and Other: $24.8B revenue from sale of premium quality light, medium and heavy commercial vehicles * Aftermarket Parts: $6.7B revenue
NVR Financial Analysis Analysis Date: 1/29/2025 Business Model NVR operates through two primary segments: homebuilding and mortgage banking Revenue Sources * Homebuilding segment (93.8% of Q4 2024 revenue): Sells and builds homes under Ryan Homes, NVHomes and Heartland Homes brands * Mortgage Banking segment (6.2% of Q4 2024
SYF Financial Analysis Analysis Date: 1/29/2025 Business Model Synchrony Financial generates revenue primarily through credit cards and consumer financing programs in partnership with retailers and service providers Revenue Sources * Interest and fees on loans (core revenue stream from credit products) * Retailer share arrangements (revenue sharing with partners) * Interchange
IVZ Financial Analysis Analysis Date: 1/29/2025 Business Model Invesco generates revenue primarily through investment management fees, service and distribution fees, and performance fees Revenue Sources * Investment management fees (71% of Q4 2024 revenue) * Service and distribution fees (24% of Q4 2024 revenue) * Performance fees (2% of Q4 2024
GGG Financial Analysis Analysis Date: 1/29/2025 Business Model Graco generates revenue through sales of fluid handling equipment and systems across three main segments: Contractor, Industrial, and Process Revenue Sources * Contractor segment (47% of revenue) * Industrial segment (29% of revenue) * Process segment (24% of revenue) Revenue Distribution by Channel
WAL Financial Analysis Analysis Date: 1/29/2025 Business Model Western Alliance generates revenue primarily through net interest income from loans and securities, as well as non-interest income from mortgage banking, fees and other services Revenue Sources * Net interest income (66% of Q4 2024 revenue) * Mortgage banking revenue (11% of
SBUX Financial Analysis Analysis Date: 1/28/2025 Business Model Starbucks generates revenue primarily through company-operated stores, licensed stores, and other channels including consumer packaged goods Revenue Sources * Company-operated stores (82.8% of revenue) * Licensed stores (12.1% of revenue) * Other (5.1% of revenue) Revenue Distribution by Channel * Company-operated
T Financial Analysis Analysis Date: 1/28/2025 Business Model AT&T generates revenue primarily through wireless service, equipment sales, and wireline services including fiber broadband Revenue Sources * Mobility services (51% of revenue) * Equipment sales (22% of revenue) * Consumer Wireline (11% of revenue) * Business Wireline (14% of revenue) Revenue
AVDL Financial Analysis Analysis Date: 1/28/2025 Business Model Avadel generates revenue primarily through sales of LUMRYZ, a once-at-bedtime treatment for narcolepsy Revenue Sources * LUMRYZ pharmaceutical sales (100% of revenue) Revenue Distribution by Channel * Primary revenue through pharmaceutical distribution channels Income Statement Analysis * Significant revenue growth to $50.0M
BRO Financial Analysis Analysis Date: 1/28/2025 Business Model Brown & Brown generates revenue primarily through insurance brokerage commissions and fees, with additional revenue from investment income Revenue Sources * Commissions and fees (97.4% of Q3 2024 revenue) * Investment income (2.6% of Q3 2024 revenue) Revenue Distribution by
NUE Financial Analysis Analysis Date: 1/28/2025 Business Model Nucor generates revenue primarily through its three segments: Steel Mills, Steel Products, and Raw Materials Revenue Sources * Steel Mills (53% of shipments) - Sheet, bars, structural steel and plate products * Steel Products (38% of shipments) - Joists, deck, rebar fabrication,
WRB Financial Analysis Analysis Date: 1/28/2025 Business Model W. R. Berkley Corporation operates in two segments of the property casualty insurance business: Insurance and Reinsurance & Monoline Excess. Revenue is generated primarily through net premiums earned from these insurance operations, as well as net investment income and revenues
SOFI Financial Analysis Analysis Date: 1/28/2025 Business Model SoFi generates revenue through three main segments: Lending, Financial Services, and Technology Platform Revenue Sources * Lending: Personal loans, student loans, home loans - generates interest income and loan origination fees * Financial Services: SoFi Money accounts, investing, credit cards - generates
BOH Financial Analysis Analysis Date: 1/28/2025 Business Model Bank of Hawai'i Corporation generates revenue primarily through net interest income, which is the difference between interest income earned on loans and investments and interest expense paid on deposits and borrowings. They also generate noninterest income from sources
NBTB Financial Analysis Analysis Date: 1/28/2025 Business Model NBT Bancorp generates revenue primarily through net interest income from loans and deposits, as well as fee-based income from various financial services Revenue Sources * Net interest income (69% of total revenue in Q3 2024) * Noninterest income including retirement plan administration,
HOPE Financial Analysis Analysis Date: 1/28/2025 Business Model Hope Bancorp generates revenue primarily through net interest income from lending activities and noninterest income from services such as deposit account fees and SBA loan sales. Revenue Sources * Net Interest Income: Derived from the difference between interest income earned on
DX Financial Analysis Analysis Date: 1/28/2025 Business Model Dynex Capital generates revenue primarily through net interest income from its portfolio of mortgage-backed securities (MBS) Revenue Sources * Agency RMBS (97.9% of portfolio fair value) * Agency CMBS and CMBS IO (2.1% of portfolio fair value) Revenue Distribution by
OXLC Financial Analysis Analysis Date: 1/28/2025 Business Model Oxford Lane Capital Corp. primarily generates revenue through investments in CLO (Collateralized Loan Obligation) securities, specifically CLO equity and CLO debt tranches. Their income is derived from distributions and interest payments received from these investments. Revenue Sources * CLO Equity Investments:
FSBC Financial Analysis Analysis Date: 1/28/2025 Business Model Five Star Bancorp operates as a community business bank, primarily generating revenue through net interest income from loans and investments, and non-interest income from services charges on deposit accounts, gain on sale of loans, loan-related fees, FHLB stock dividends, and
BMRC Financial Analysis Analysis Date: 1/28/2025 Business Model Bank of Marin generates revenue primarily through net interest income from loans and investments, as well as non-interest income from wealth management, service charges, and other banking services Revenue Sources * Net interest income (73% of total revenue in Q4 2024)
TRU Financial Analysis Analysis Date: 1/28/2025 Business Model TransUnion generates revenue through three main segments: U.S. Markets, International, and Consumer Interactive services. Revenue Sources * U.S. Markets: Financial Services (credit cards, consumer lending, mortgage, auto lending) * U.S. Markets: Emerging Verticals (insurance, technology, retail, telecommunications, etc.) * Consumer
GPN Financial Analysis Analysis Date: 1/28/2025 Business Model Global Payments generates revenue primarily through merchant payment solutions and issuer solutions Revenue Sources * Merchant Solutions (78% of revenue) * Issuer Solutions (22% of revenue) Revenue Distribution by Channel * Merchant Solutions: $1.84B (78% of adjusted net revenue) * Issuer Solutions: $529M
RGP Financial Analysis Analysis Date: 1/27/2025 Business Model RGP operates a professional services firm with three engagement brands: On-Demand by RGP (on-demand talent solutions), Veracity by RGP (consulting services), and Countsy by RGP (outsourced services). Revenue is generated from providing these services to clients. Revenue Sources * On-Demand Talent:
TXN Financial Analysis Analysis Date: 1/27/2025 Business Model Texas Instruments generates revenue primarily through sales of analog and embedded processing semiconductors Revenue Sources * Analog segment: $3,174M (79.2% of Q4 2024 revenue) * Embedded Processing: $613M (15.3% of Q4 2024 revenue) * Other: $220M (5.5% of Q4
LFCR Financial Analysis Analysis Date: 1/27/2025 Business Model Lifecore operates as a fully integrated contract development and manufacturing organization (CDMO), generating revenue primarily through sterile injectable pharmaceutical products and hyaluronic acid manufacturing Revenue Sources * CDMO services for pharmaceutical products * Hyaluronic acid (HA) manufacturing Revenue Distribution by Channel * CDMO
CMC Financial Analysis Analysis Date: 1/27/2025 Business Model CMC generates revenue primarily through its North America Steel Group, Europe Steel Group, and Emerging Businesses Group segments Revenue Sources * North America Steel Group (79.5% of Q1 2025 revenue) - Steel products including rebar, merchant bar and downstream products
AZZ Financial Analysis Analysis Date: 1/27/2025 Business Model AZZ operates through three segments: Metal Coatings, Precoat Metals, and Infrastructure Solutions Revenue Sources * Metal Coatings - Provides hot-dip galvanizing, spin galvanizing, powder coating, anodizing and plating services * Precoat Metals - Provides coil coating application of protective and decorative coatings
LNN Financial Analysis Analysis Date: 1/27/2025 Business Model Lindsay Corporation generates revenue primarily through irrigation equipment and infrastructure solutions Revenue Sources * Irrigation segment (88.5% of Q1 2025 revenue) - Zimmatic center pivot and lateral move systems, FieldNET technology * Infrastructure segment (11.5% of Q1 2025 revenue) -
RELL Financial Analysis Analysis Date: 1/27/2025 Business Model Richardson Electronics generates revenue through four main business segments: PMT (Power and Microwave Technologies), GES (Green Energy Solutions), Canvys, and Healthcare Revenue Sources * PMT: Largest segment at $34.4M in Q2 FY25 (69.5% of revenue) * GES: $6.0M in
ACI Financial Analysis Analysis Date: 1/27/2025 Business Model Albertsons generates revenue primarily through retail food and drug store operations across multiple banners in the United States Revenue Sources * Retail food and drug stores (2,273 locations) * Pharmacy operations (1,732 pharmacies) * Fuel centers (405 locations) Revenue Distribution by
PSMT Financial Analysis Analysis Date: 1/27/2025 Business Model PriceSmart generates revenue primarily through membership warehouse club operations selling merchandise and services across Latin America and Caribbean markets Revenue Sources * Net merchandise sales (97.3% of Q1 2025 revenue): $1.22 billion * Membership income (1.6% of Q1 2025
PENG Financial Analysis Analysis Date: 1/27/2025 Business Model Penguin Solutions generates revenue through three main business segments: Advanced Computing, Integrated Memory, and Optimized LED Revenue Sources * Advanced Computing: $177.4M (52% of revenue) * Integrated Memory: $96.7M (28% of revenue) * Optimized LED: $67.0M (20% of revenue) Revenue
FCNCA Financial Analysis Analysis Date: 1/27/2025 Business Model First Citizens BancShares generates revenue primarily through net interest income, which is the difference between interest income earned on assets like loans and investment securities, and interest expense paid on liabilities like deposits and borrowings. They also generate noninterest income
ERIC Financial Analysis Analysis Date: 1/27/2025 Business Model Ericsson operates through four segments: Networks, Cloud Software and Services, Enterprise, and Other. Revenue is generated primarily from the sale of network equipment, software, and services to telecom operators and enterprises globally, as well as IPR licensing. Revenue Sources * Networks:
MOG Financial Analysis Analysis Date: 1/27/2025 Business Model Moog generates revenue through four main segments: Space and Defense, Military Aircraft, Commercial Aircraft, and Industrial Revenue Sources * Space and Defense: $248M (27% of revenue) * Military Aircraft: $213M (23% of revenue) * Commercial Aircraft: $221M (24% of revenue) * Industrial: $228M (26%
LKFN Financial Analysis Analysis Date: 1/27/2025 Business Model Lakeland Financial Corporation generates revenue primarily through net interest income and noninterest income. Net interest income is derived from the difference between interest earned on assets like loans and securities and interest paid on liabilities like deposits and borrowings. Noninterest
NWBI Financial Analysis Analysis Date: 1/27/2025 Business Model Northwest Bancshares generates revenue primarily through net interest income from loans and deposits, as well as noninterest income from fees and services Revenue Sources * Net interest income (72% of revenue): Generated from loans and investments minus deposit and borrowing costs
RBCAA Financial Analysis Analysis Date: 1/27/2025 Business Model Republic Bancorp generates revenue primarily through net interest income from its Core Bank operations (Traditional Banking and Warehouse Lending) and net income from its Republic Processing Group (RPG) which includes Tax Refund Solutions (TRS), Republic Payment Solutions (RPS), and Republic
BHRB Financial Analysis Analysis Date: 1/27/2025 Business Model Burke & Herbert generates revenue primarily through traditional banking operations including interest income from loans and securities, and non-interest income from various banking services Revenue Sources * Interest income from loans (70% of total revenue) * Interest income from securities (8% of
SPFI Financial Analysis Analysis Date: 1/27/2025 Business Model South Plains Financial generates revenue primarily through net interest income from lending activities and noninterest income from various banking services Revenue Sources * Net Interest Income (75% of total revenue) * Noninterest Income (25% of total revenue) including mortgage banking, interchange fees,
BEDU Financial Analysis Analysis Date: 1/27/2025 Business Model Bright Scholar generates revenue primarily through three segments: Schools, Overseas Study Counselling, and Others Revenue Sources * Schools (57.4% of revenue) * Overseas Study Counselling (21.4% of revenue) * Others (21.2% of revenue) Revenue Distribution by Channel * Schools: GBP25.7
GE Financial Analysis Analysis Date: 1/27/2025 Business Model GE Aerospace generates revenue primarily through commercial engines & services (CES) and defense & propulsion technologies (DPT) Revenue Sources * Commercial Engines & Services (CES) - 74% of total revenue * Defense & Propulsion Technologies (DPT) - 26% of total revenue Revenue
NFLX Financial Analysis Analysis Date: 1/23/2025 Business Model Netflix generates revenue primarily through paid streaming subscriptions across different plans including standard, premium and ad-supported tiers Revenue Sources * Subscription plans (standard, premium, ad-supported) * Advertising revenue from ad-supported tier Revenue Distribution by Channel * UCAN (US & Canada): $4.5B (44%
TRV Financial Analysis Analysis Date: 1/24/2025 Business Model Travelers generates revenue primarily through property and casualty insurance premiums across three segments: Business Insurance, Bond & Specialty Insurance, and Personal Insurance. Revenue also includes net investment income and other income. Revenue Sources * Business Insurance: Offers property and casualty insurance
TXT Financial Analysis Analysis Date: 1/24/2025 Business Model Textron operates through multiple segments: Textron Aviation, Bell, Textron Systems, Industrial, Textron eAviation, and Finance Revenue Sources * Textron Aviation - Aircraft sales and aftermarket services ($5,284M in 2024) * Bell - Military and commercial helicopters ($3,579M in 2024) * Textron
TDY Financial Analysis Analysis Date: 1/24/2025 Business Model Teledyne generates revenue through four main segments: Digital Imaging, Instrumentation, Aerospace and Defense Electronics, and Engineered Systems Revenue Sources * Digital Imaging (54.7% of Q4 2024 revenue) * Instrumentation (24.6% of Q4 2024 revenue) * Aerospace and Defense Electronics (13.1%
ZBH Financial Analysis Analysis Date: 1/24/2025 Business Model Zimmer Biomet generates revenue primarily through sales of orthopedic medical devices and solutions Revenue Sources * Knees (40.8% of Q3 2024 revenue) * Hips (26.4% of Q3 2024 revenue) * S.E.T. (Sports Medicine, Extremities, Trauma) (24.9% of Q3
BUD Financial Analysis Analysis Date: 1/24/2025 Business Model Anheuser-Busch InBev (AB InBev) generates revenue through the sale of beer, non-beer beverages, and third-party products across a diversified global footprint. Key revenue drivers include brand portfolio strength, premiumization, digital B2B platforms (BEES), and direct-to-consumer (DTC) ecosystems. Revenue Sources * Beer
ABEV Financial Analysis Analysis Date: 1/24/2025 Business Model Ambev generates revenue primarily through beer and non-alcoholic beverage sales across multiple geographic segments Revenue Sources * Brazil Beer (44.7% of Q3 2024 revenue) * Brazil NAB (Non-Alcoholic Beverages) (9.4% of Q3 2024 revenue) * CAC (Central America & Caribbean) (12.
GSK Financial Analysis Analysis Date: 1/24/2025 Business Model GSK operates across two major segments: Commercial Operations and Total R&D. Commercial Operations, which generates revenue, is further divided into Vaccines, Specialty Medicines, and General Medicines. Revenue is derived from the sales of a broad portfolio of pharmaceutical
EL Financial Analysis Analysis Date: 1/24/2025 Business Model The Estée Lauder Companies generates revenue through sales of prestige beauty products across skin care, makeup, fragrance and hair care categories through various channels globally Revenue Sources * Skin Care (51% of revenue) * Makeup (29% of revenue) * Fragrance (16% of revenue)
PFE Financial Analysis Analysis Date: 1/24/2025 Business Model Pfizer operates as a global biopharmaceutical company, discovering, developing, manufacturing, marketing, sales, and distributing biopharmaceutical products worldwide. Revenue is primarily generated from product sales across various therapeutic areas and geographies, as well as alliance and royalty revenues. Revenue Sources * Global
CPB Financial Analysis Analysis Date: 1/24/2025 Business Model Campbell generates revenue primarily through two segments: Meals & Beverages and Snacks Revenue Sources * Meals & Beverages segment (55% of FY2024 revenue) - includes soup, simple meals and beverage products * Snacks segment (45% of FY2024 revenue) - includes Pepperidge Farm
HES Financial Analysis Analysis Date: 1/24/2025 Business Model Hess Corporation generates revenue primarily through oil and gas exploration and production operations Revenue Sources * Oil production (primary revenue source - 77% of revenue) * Natural gas liquids (NGL) production * Natural gas production Revenue Distribution by Channel * United States: $1,674M
GEV Financial Analysis Analysis Date: 1/24/2025 Business Model GE Vernova operates through three segments: Power, Wind, and Electrification. Revenue is generated from the sales of equipment and services within these segments. Revenue Sources * Sales of equipment (e.g., Gas Power equipment, Onshore Wind turbines, Grid Solutions equipment) * Sales
DFS Financial Analysis Analysis Date: 1/24/2025 Business Model Discover Financial Services operates primarily in two segments: Digital Banking and Payment Services. Digital Banking generates revenue from net interest income on loans (credit card, personal loans, etc.) and non-interest income such as fees and interchange revenue. Payment Services revenue
TEL Financial Analysis Analysis Date: 1/24/2025 Business Model TE Connectivity generates revenue through two main segments: Transportation Solutions and Industrial Solutions Revenue Sources * Transportation Solutions (58% of Q1 2025 revenue) * Industrial Solutions (42% of Q1 2025 revenue) Revenue Distribution by Channel * Transportation Solutions: $2,243M in Q1 2025
FCX Financial Analysis Analysis Date: 1/24/2025 Business Model Freeport-McMoRan generates revenue primarily through mining and selling copper, gold, and molybdenum from its global operations Revenue Sources * Copper sales - Primary revenue source with 4.1 billion pounds sold in 2024 * Gold sales - 1.8 million ounces sold
ISRG Financial Analysis Analysis Date: 1/24/2025 Business Model Intuitive generates revenue from three primary sources: Instruments and Accessories, Systems, and Services. Instruments and accessories revenue is driven by da Vinci and Ion procedure volume. Systems revenue is derived from the placement of da Vinci surgical systems, including sales
UNP Financial Analysis Analysis Date: 1/24/2025 Business Model Union Pacific generates revenue primarily through freight transportation services across its rail network Revenue Sources * Bulk freight (coal, grain, fertilizer) - $7.2B in 2024 * Industrial freight (chemicals, metals, forest products) - $8.4B in 2024 * Premium freight (automotive and
TXN Financial Analysis Analysis Date: 1/24/2025 Business Model TI generates revenue primarily through sales of analog and embedded processing semiconductors Revenue Sources * Analog: $3,174M (79.2% of Q4 2024 revenue) * Embedded Processing: $613M (15.3% of Q4 2024 revenue) * Other: $220M (5.5% of Q4 2024 revenue)
ELV Financial Analysis Analysis Date: 1/24/2025 Business Model Elevance Health generates revenue primarily through health insurance premiums, pharmacy services, and care delivery services Revenue Sources * Premium Revenue ($144.2B in 2024, 82.3% of total revenue) * Product Revenue ($22.6B in 2024, 12.9% of total revenue) * Service
CSX Financial Analysis Analysis Date: 1/24/2025 Business Model CSX generates revenue from freight transportation services, primarily through rail, intermodal, and rail-to-truck transload services. Their revenue is categorized into Merchandise, Coal, and Intermodal segments, serving diverse markets including energy, industrial, construction, agricultural, and consumer products. Revenue Sources * Merchandise Freight:
MKC Financial Analysis Analysis Date: 1/24/2025 Business Model McCormick generates revenue through two segments: Consumer and Flavor Solutions, selling spices, seasonings, condiments and other flavoring products Revenue Sources * Consumer Segment (57% of revenue) - Sales to retail customers and grocery stores * Flavor Solutions Segment (43% of revenue) -
DVN Financial Analysis Analysis Date: 1/24/2025 Business Model Devon Energy operates as an independent energy company engaged primarily in the exploration, development, and production of oil, natural gas, and natural gas liquids (NGLs). Revenue is generated from the sale of these commodities. Revenue Sources * Sale of Crude Oil
GSK Financial Analysis Analysis Date: 1/24/2025 Business Model GSK generates revenue primarily through three business segments: Vaccines, Specialty Medicines, and General Medicines Revenue Sources * Vaccines (33% of Q3 revenue): Includes Shingrix, meningitis vaccines, Arexvy (RSV) and influenza vaccines * Specialty Medicines (37% of Q3 revenue): Includes HIV treatments, respiratory/
CVS Financial Analysis Analysis Date: 1/24/2025 Business Model CVS Health operates through three segments: Health Care Benefits, Health Services, and Pharmacy & Consumer Wellness. Revenue Sources * Premiums from Health Care Benefits segment (Medicare, Commercial, Medicaid, etc.) * Pharmacy Network, Mail & Specialty pharmacy services, and Healthcare Delivery services in
VZ Financial Analysis Analysis Date: 1/25/2025 Business Model Verizon's revenue is generated primarily from wireless services, including voice and data plans, and broadband services, including Fios and fixed wireless access. They also generate revenue from equipment sales and business wireline services. Revenue Sources * Wireless service revenue
AXP Financial Analysis Analysis Date: 1/25/2025 Business Model American Express generates revenue through discount revenue (merchant fees), net card fees, net interest income, service fees and other revenue, and processed revenue. Revenue Sources * Discount Revenue: Fees charged to merchants when cardholders spend using American Express cards. * Net Card
CNH Financial Analysis Analysis Date: 1/24/2025 Business Model CNH generates revenue primarily through sales of agricultural and construction equipment Revenue Sources * Agriculture Equipment (82% of Q3 2024 revenue) * Construction Equipment (18% of Q3 2024 revenue) Revenue Distribution by Channel * Agriculture segment sales breakdown: Tractors 56%, Combines 23%, Others
HCA Financial Analysis Analysis Date: 1/25/2025 Business Model HCA Healthcare generates revenue primarily through operation of hospitals and outpatient facilities Revenue Sources * Hospital services (inpatient and outpatient) * Surgery centers and freestanding emergency rooms Revenue Distribution by Channel * Inpatient revenues: 62.1% of patient revenues * Outpatient revenues: 37.9%
NEE Financial Analysis Analysis Date: 1/25/2025 Business Model NextEra Energy generates revenue primarily through its two main subsidiaries - Florida Power & Light (FPL) and NextEra Energy Resources (NEER) Revenue Sources * FPL - Regulated electric utility serving over 6 million customer accounts in Florida * NextEra Energy Resources -
GTLS Financial Analysis Analysis Date: 1/24/2025 Business Model Chart Industries generates revenue through four main segments: Cryo Tank Solutions, Heat Transfer Systems, Specialty Products, and Repair, Service & Leasing Revenue Sources * Cryo Tank Solutions: Global mobile equipment and cryogenic storage solutions * Heat Transfer Systems: LNG and traditional energy
TNET Financial Analysis Analysis Date: 1/24/2025 Business Model TriNet generates revenue through professional service fees and insurance service revenues from providing HR solutions to small and medium-sized businesses Revenue Sources * Professional service revenues: $184M (15% of Q3 2024 revenue) * Insurance service revenues: $1,053M (85% of Q3 2024
CNC Financial Analysis Analysis Date: 1/24/2025 Business Model Centene generates revenue primarily through government-sponsored and commercial healthcare programs Revenue Sources * Medicaid (Traditional and High Acuity) - Primary revenue source * Commercial (Marketplace and Group) * Medicare (Medicare Advantage, Medicare PDP) * TRICARE Income Statement Analysis * Revenue increased 10.5% YoY driven
BIIB Financial Analysis Analysis Date: 1/24/2025 Business Model Biogen generates revenue through multiple sclerosis products, rare disease treatments, biosimilars, and anti-CD20 therapeutic programs Revenue Sources * Multiple Sclerosis (MS) Products: $1,054M (43% of Q3 2024 revenue) * Rare Disease Revenue: $495M (20% of Q3 2024 revenue) * Biosimilars Revenue: $197M
BAX Financial Analysis Analysis Date: 1/24/2025 Business Model Baxter generates revenue through the sale of a diverse portfolio of medical products and therapies, categorized into Medical Products and Therapies, Healthcare Systems and Technologies, and Pharmaceuticals. Revenue is derived from sales in the U.S. and internationally. Revenue Sources
APH Financial Analysis Analysis Date: 1/24/2025 Business Model Amphenol generates revenue through three main segments: Harsh Environment Solutions, Communications Solutions, and Interconnect and Sensor Systems Revenue Sources * Harsh Environment Solutions: $1,261.9M (29.2% of Q4 2024 revenue) * Communications Solutions: $1,928.0M (44.7% of Q4
HAL Financial Analysis Analysis Date: 1/24/2025 Business Model Halliburton generates revenue through two main operating segments: Completion and Production, and Drilling and Evaluation services Revenue Sources * Completion and Production: $3.2B (57% of revenue) * Drilling and Evaluation: $2.4B (43% of revenue) Revenue Distribution by Channel * Completion and
STLD Financial Analysis Analysis Date: 1/24/2025 Business Model Steel Dynamics generates revenue primarily through steel operations, steel fabrication, metals recycling, and aluminum segments Revenue Sources * Steel Operations (69% of revenue): Hot roll, cold roll, coated sheet steel, structural beams, rails, and specialty steel products * Steel Fabrication (10% of
ABT Financial Analysis Analysis Date: 1/24/2025 Business Model Abbott operates through four main business segments: Nutrition, Diagnostics, Established Pharmaceuticals, and Medical Devices. Revenue is generated from the sales of products within these segments across the U.S. and international markets. Revenue Sources * Nutrition: Sales of pediatric and adult
KMI Financial Analysis Analysis Date: 1/24/2025 Business Model Kinder Morgan generates revenue primarily through its network of natural gas pipelines, product pipelines, terminals, and CO2 operations Revenue Sources * Natural Gas Pipelines (largest segment, includes transport, storage, and gathering) * Products Pipelines (transporting refined petroleum products) * Terminals (liquid and bulk
JNJ Financial Analysis Analysis Date: 1/24/2025 Business Model Johnson & Johnson operates through two segments: Innovative Medicine and MedTech. Revenue Sources * Innovative Medicine: Focuses on pharmaceuticals for various therapeutic areas including Oncology, Immunology, Neuroscience, Cardiovascular, Metabolism, and Infectious Diseases. * MedTech: Offers a broad range of medical devices, including
PG Financial Analysis Analysis Date: 1/24/2025 Business Model P&G generates revenue through sales of consumer products across multiple categories including Beauty, Grooming, Health Care, Fabric & Home Care, and Baby, Feminine & Family Care Revenue Sources * Beauty: Hair Care, Skin Care & Personal Care * Grooming: Shaving
Business Model HF Sinclair generates revenue primarily through refining operations, renewable fuels, marketing, lubricants & specialties, and midstream segments Revenue Sources * Refining segment (74.7% of Q3 2024 revenue) * Marketing segment (13.2% of Q3 2024 revenue) * Lubricants & Specialties (9.5% of Q3 2024 revenue) * Renewables segment (2.2%
ABT Financial Analysis Analysis Date: 1/23/2025 Business Model Abbott operates through four main segments: Nutrition, Diagnostics, Established Pharmaceuticals (EPD), and Medical Devices. Revenue is generated from the sale of a broad range of healthcare products across these segments, globally. Revenue Sources * Nutrition: Sales of pediatric and adult nutritional
STX Financial Analysis Analysis Date: 1/23/2025 Business Model Seagate Technology generates revenue from mass-capacity data storage solutions, including hard disk drives (HDDs), solid-state drives (SSDs), and related data storage systems and services. Revenue Sources * Sales of Hard Disk Drives (HDDs) for various applications including cloud data centers, enterprise
NFLX Financial Analysis Analysis Date: 1/22/2025 Business Model Netflix generates revenue primarily through paid streaming memberships across different geographic regions and plans including ad-supported and standard tiers Revenue Sources * Streaming subscriptions (primary revenue source) * Advertising revenue from ad-supported tier Revenue Distribution by Channel * UCAN (US & Canada): $4,
