Gross debt increased 26.9%
Gross debt changed +26.9% from the comparable as-filed period. The change ranks at the 62th percentile of 8 prior comparable changes.
$20.7B→$26.3B8 prior comparisons
GROSSPATTERN / DETERMINISTIC EVIDENCE / V3
Search securities →ICE financial changes
Ranked by interpretable importance, issuer history, magnitude, and accounting profile. No directional recommendation.
Debt / revenue moved 3510 bp higher
Debt / revenue changed +3510 basis points from the comparable as-filed period. This reverses 2 consecutive comparable moves in the opposite direction.
688.39%→723.50%2 prior comparisons
Net income increased 15.2%
Net income changed +15.2% from the comparable as-filed period.
$816.0M→$940.0M2 prior comparisons
SBC / revenue moved 182 bp higher
SBC / revenue changed +182 basis points from the comparable as-filed period. This reverses 2 consecutive comparable moves in the opposite direction.
0.13%→1.96%2 prior comparisons
Capital expenditure increased 77.4%
Capital expenditure changed +77.4% from the comparable as-filed period.
$62.0M→$110.0M2 prior comparisons
Working capital / assets moved 127 bp higher
Working capital / assets changed +127 basis points from the comparable as-filed period. The change ranks at the 75th percentile of 4 prior comparable changes.
0.76%→2.03%4 prior comparisons
Cash & equivalents increased 10.1%
Cash & equivalents changed +10.1% from the comparable as-filed period. This reverses 2 consecutive comparable moves in the opposite direction.
$850.0M→$936.0M2 prior comparisons
Operating margin moved 20 bp lower
Operating margin changed -20 basis points from the comparable as-filed period.
39.04%→38.84%2 prior comparisons
Capex / revenue moved 97 bp higher
Capex / revenue changed +97 basis points from the comparable as-filed period.
2.06%→3.03%2 prior comparisons
Current ratio increased 1.7%
Current ratio changed +1.7% from the comparable as-filed period. The change ranks at the 75th percentile of 4 prior comparable changes.
1.01→1.034 prior comparisons
Stock-based compensation changed across a low base
Stock-based compensation changed +1675.0% from the comparable as-filed period. Relative percentage is de-emphasized because the comparison has a low base.
$4.0M→$71.0M2 prior comparisons
Operating cash-flow margin moved 158 bp higher
Operating cash-flow margin changed +158 basis points from the comparable as-filed period.
30.43%→32.01%2 prior comparisons
Debt / assets moved 14 bp higher
Debt / assets changed +14 basis points from the comparable as-filed period. The change ranks at the 0th percentile of 4 prior comparable changes. This reverses 4 consecutive comparable moves in the opposite direction.
14.69%→14.84%4 prior comparisons
Receivables / revenue moved 45 bp higher
Receivables / revenue changed +45 basis points from the comparable as-filed period. This reverses 2 consecutive comparable moves in the opposite direction.
51.31%→51.76%2 prior comparisons
Operating cash flow / net income increased 10.2%
Operating cash flow / net income changed +10.2% from the comparable as-filed period.
1.12→1.242 prior comparisons
Selling, general & administrative decreased 3.9%
Selling, general & administrative changed -3.9% from the comparable as-filed period.
$77.0M→$74.0M2 prior comparisons
Free-cash-flow margin moved 61 bp higher
Free-cash-flow margin changed +61 basis points from the comparable as-filed period.
28.37%→28.98%2 prior comparisons
Cash / debt moved 54 bp lower
Cash / debt changed -54 basis points from the comparable as-filed period.
4.11%→3.56%2 prior comparisons
Trade receivables increased 13.2%
Trade receivables changed +13.2% from the comparable as-filed period. The change ranks at the 75th percentile of 4 prior comparable changes.
$1.7B→$1.9B4 prior comparisons
Revenue increased 10.7%
Revenue changed +10.7% from the comparable as-filed period.
$3.3B→$3.6B2 prior comparisons
Operating margin moved 124 bp lower
Operating margin changed -124 basis points from the comparable as-filed period.
39.76%→38.52%2 prior comparisons
Debt / revenue moved 6223 bp lower
Debt / revenue changed -6223 basis points from the comparable as-filed period.
645.55%→583.33%2 prior comparisons
Operating income increased 7.2%
Operating income changed +7.2% from the comparable as-filed period.
$1.3B→$1.4B2 prior comparisons
SBC / revenue moved 173 bp higher
SBC / revenue changed +173 basis points from the comparable as-filed period. This reverses 2 consecutive comparable moves in the opposite direction.
0.12%→1.86%2 prior comparisons
Net income increased 12.6%
Net income changed +12.6% from the comparable as-filed period.
$851.0M→$958.0M2 prior comparisons
Capex / revenue moved 215 bp higher
Capex / revenue changed +215 basis points from the comparable as-filed period.
1.84%→3.99%2 prior comparisons
Free-cash-flow margin moved 701 bp higher
Free-cash-flow margin changed +701 basis points from the comparable as-filed period.
44.33%→51.34%2 prior comparisons
Operating cash-flow margin moved 916 bp higher
Operating cash-flow margin changed +916 basis points from the comparable as-filed period.
46.17%→55.33%2 prior comparisons
Noncurrent long-term debt increased 7.3%
Noncurrent long-term debt changed +7.3% from the comparable as-filed period. The change ranks at the 25th percentile of 4 prior comparable changes.
$17.4B→$18.6B4 prior comparisons
Cash & equivalents increased 6.4%
Cash & equivalents changed +6.4% from the comparable as-filed period. This reverses 2 consecutive comparable moves in the opposite direction.
$1.0B→$1.1B2 prior comparisons
Receivables / revenue moved 115 bp higher
Receivables / revenue changed +115 basis points from the comparable as-filed period. This reverses 2 consecutive comparable moves in the opposite direction.
50.61%→51.76%2 prior comparisons
Stock-based compensation changed across a low base
Stock-based compensation changed +1575.0% from the comparable as-filed period. Relative percentage is de-emphasized because the comparison has a low base.
$4.0M→$67.0M2 prior comparisons
Operating cash flow / net income increased 17.9%
Operating cash flow / net income changed +17.9% from the comparable as-filed period.
1.77→2.092 prior comparisons
Gross debt increased 0.0%
Gross debt changed +0.0% from the comparable as-filed period. The change ranks at the 0th percentile of 8 prior comparable changes. This reverses 4 consecutive comparable moves in the opposite direction.
$21.1B→$21.1B8 prior comparisons
Net debt decreased 0.3%
Net debt changed -0.3% from the comparable as-filed period.
$20.1B→$20.0B2 prior comparisons
Working capital / assets moved 49 bp higher
Working capital / assets changed +49 basis points from the comparable as-filed period. The change ranks at the 0th percentile of 4 prior comparable changes.
0.36%→0.85%4 prior comparisons
Selling, general & administrative decreased 4.5%
Selling, general & administrative changed -4.5% from the comparable as-filed period.
$66.0M→$63.0M2 prior comparisons
Current ratio increased 0.7%
Current ratio changed +0.7% from the comparable as-filed period. The change ranks at the 0th percentile of 4 prior comparable changes.
1.01→1.014 prior comparisons
Cash / debt moved 30 bp higher
Cash / debt changed +30 basis points from the comparable as-filed period.
4.76%→5.07%2 prior comparisons
Method Importance combines metric-family relevance, magnitude, issuer-history unusualness, persistence, and financial-statement significance. It is analytical prioritization, not a legal materiality conclusion or investment signal.