Operating income decreased 61.1%
Operating income changed -61.1% from the comparable as-filed period. This reverses 2 consecutive comparable moves in the opposite direction.
$492.6M→$191.5M2 prior comparisons
GROSSPATTERN / DETERMINISTIC EVIDENCE / V3
Search securities →PPC financial changes
Ranked by interpretable importance, issuer history, magnitude, and accounting profile. No directional recommendation.
Operating margin moved 623 bp lower
Operating margin changed -623 basis points from the comparable as-filed period. This reverses 2 consecutive comparable moves in the opposite direction.
10.35%→4.12%2 prior comparisons
Gross debt increased 10.1%
Gross debt changed +10.1% from the comparable as-filed period. The change ranks at the 100th percentile of 4 prior comparable changes. This reverses 4 consecutive comparable moves in the opposite direction.
$3.1B→$3.4B4 prior comparisons
Reported total debt increased 10.1%
Reported total debt changed +10.1% from the comparable as-filed period. The change ranks at the 100th percentile of 4 prior comparable changes. This reverses 4 consecutive comparable moves in the opposite direction.
$3.1B→$3.4B4 prior comparisons
Total assets increased 9.9%
Total assets changed +9.9% from the comparable as-filed period. The change ranks at the 100th percentile of 4 prior comparable changes. This reverses 2 consecutive comparable moves in the opposite direction.
$10.0B→$10.9B4 prior comparisons
Free-cash-flow proxy decreased 96.0%
Free-cash-flow proxy changed -96.0% from the comparable as-filed period.
$275.9M→$11.0M2 prior comparisons
Operating cash flow decreased 53.7%
Operating cash flow changed -53.7% from the comparable as-filed period.
$458.3M→$212.3M2 prior comparisons
Gross margin moved 668 bp lower
Gross margin changed -668 basis points from the comparable as-filed period.
13.85%→7.17%2 prior comparisons
Cash & equivalents increased 52.8%
Cash & equivalents changed +52.8% from the comparable as-filed period. The change ranks at the 0th percentile of 4 prior comparable changes. This reverses 2 consecutive comparable moves in the opposite direction.
$612.6M→$935.8M4 prior comparisons
Net income decreased 65.7%
Net income changed -65.7% from the comparable as-filed period.
$342.8M→$117.6M2 prior comparisons
Gross profit decreased 49.4%
Gross profit changed -49.4% from the comparable as-filed period. This reverses 2 consecutive comparable moves in the opposite direction.
$659.4M→$333.7M2 prior comparisons
Inventory / revenue moved 322 bp higher
Inventory / revenue changed +322 basis points from the comparable as-filed period.
41.37%→44.59%2 prior comparisons
Debt / revenue moved 821 bp higher
Debt / revenue changed +821 basis points from the comparable as-filed period. This reverses 2 consecutive comparable moves in the opposite direction.
64.96%→73.17%2 prior comparisons
Cash / debt moved 767 bp higher
Cash / debt changed +767 basis points from the comparable as-filed period. The change ranks at the 0th percentile of 4 prior comparable changes. This reverses 2 consecutive comparable moves in the opposite direction.
19.81%→27.48%4 prior comparisons
Operating cash flow / net income increased 35.0%
Operating cash flow / net income changed +35.0% from the comparable as-filed period. This reverses 2 consecutive comparable moves in the opposite direction.
1.34→1.812 prior comparisons
Free-cash-flow margin moved 556 bp lower
Free-cash-flow margin changed -556 basis points from the comparable as-filed period.
5.80%→0.24%2 prior comparisons
Operating cash-flow margin moved 507 bp lower
Operating cash-flow margin changed -507 basis points from the comparable as-filed period.
9.63%→4.56%2 prior comparisons
Revenue decreased 2.2%
Revenue changed -2.2% from the comparable as-filed period. This reverses 2 consecutive comparable moves in the opposite direction.
$4.8B→$4.7B2 prior comparisons
Shares outstanding increased 0.2%
Shares outstanding changed +0.2% from the comparable as-filed period. The change ranks at the 75th percentile of 8 prior comparable changes.
237,547,447→238,112,0108 prior comparisons
Current liabilities increased 7.4%
Current liabilities changed +7.4% from the comparable as-filed period. The change ranks at the 75th percentile of 4 prior comparable changes.
$2.7B→$2.9B4 prior comparisons
Working capital increased 14.5%
Working capital changed +14.5% from the comparable as-filed period. The change ranks at the 0th percentile of 4 prior comparable changes. This reverses 2 consecutive comparable moves in the opposite direction.
$1.4B→$1.6B4 prior comparisons
Current assets increased 9.8%
Current assets changed +9.8% from the comparable as-filed period. The change ranks at the 0th percentile of 4 prior comparable changes. This reverses 2 consecutive comparable moves in the opposite direction.
$4.1B→$4.5B4 prior comparisons
Capex / revenue moved 49 bp higher
Capex / revenue changed +49 basis points from the comparable as-filed period.
3.83%→4.33%2 prior comparisons
Inventory increased 5.4%
Inventory changed +5.4% from the comparable as-filed period. The change ranks at the 25th percentile of 4 prior comparable changes.
$2.0B→$2.1B4 prior comparisons
Capital expenditure increased 10.4%
Capital expenditure changed +10.4% from the comparable as-filed period. The change ranks at the 0th percentile of 5 prior comparable changes.
$182.4M→$201.3M5 prior comparisons
Selling, general & administrative decreased 13.8%
Selling, general & administrative changed -13.8% from the comparable as-filed period.
$165.0M→$142.2M2 prior comparisons
SBC / revenue moved 1 bp higher
SBC / revenue changed +1 basis points from the comparable as-filed period.
0.11%→0.12%2 prior comparisons
Working capital / assets moved 58 bp higher
Working capital / assets changed +58 basis points from the comparable as-filed period. The change ranks at the 0th percentile of 4 prior comparable changes. This reverses 2 consecutive comparable moves in the opposite direction.
13.84%→14.42%4 prior comparisons
Stock-based compensation increased 7.1%
Stock-based compensation changed +7.1% from the comparable as-filed period.
$5.4M→$5.8M2 prior comparisons
Debt / assets moved 7 bp higher
Debt / assets changed +7 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.
31.06%→31.13%4 prior comparisons
Cost of revenue increased 5.4%
Cost of revenue changed +5.4% from the comparable as-filed period.
$4.1B→$4.3B2 prior comparisons
Current long-term debt decreased 0.1%
Current long-term debt changed -0.1% 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.
$912,000→$911,0004 prior comparisons
Current ratio increased 2.2%
Current ratio changed +2.2% from the comparable as-filed period. The change ranks at the 0th percentile of 4 prior comparable changes. This reverses 2 consecutive comparable moves in the opposite direction.
1.51→1.554 prior comparisons
Net debt decreased 0.4%
Net debt changed -0.4% from the comparable as-filed period. The change ranks at the 0th percentile of 4 prior comparable changes. This reverses 2 consecutive comparable moves in the opposite direction.
$2.5B→$2.5B4 prior comparisons
Operating income decreased 87.1%
Operating income changed -87.1% from the comparable as-filed period. This reverses 2 consecutive comparable moves in the opposite direction.
$512.3M→$66.0M2 prior comparisons
Operating margin moved 934 bp lower
Operating margin changed -934 basis points from the comparable as-filed period. This reverses 2 consecutive comparable moves in the opposite direction.
10.77%→1.43%2 prior comparisons
Free-cash-flow proxy decreased 77.3%
Free-cash-flow proxy changed -77.3% from the comparable as-filed period.
$339.1M→$76.8M3 prior comparisons
Capital expenditure increased 62.8%
Capital expenditure changed +62.8% from the comparable as-filed period. The change ranks at the 75th percentile of 4 prior comparable changes.
$156.1M→$254.2M4 prior comparisons
Gross margin moved 769 bp lower
Gross margin changed -769 basis points from the comparable as-filed period.
15.04%→7.34%2 prior comparisons
Gross debt decreased 8.1%
Gross debt changed -8.1% from the comparable as-filed period. The change ranks at the 100th percentile of 4 prior comparable changes.
$3.1B→$2.9B4 prior comparisons
Reported total debt decreased 8.1%
Reported total debt changed -8.1% from the comparable as-filed period. The change ranks at the 100th percentile of 4 prior comparable changes.
$3.1B→$2.9B4 prior comparisons
Net income decreased 96.2%
Net income changed -96.2% from the comparable as-filed period.
$355.5M→$13.4M2 prior comparisons
Operating cash flow decreased 33.2%
Operating cash flow changed -33.2% from the comparable as-filed period.
$495.2M→$331.0M3 prior comparisons
Cash & equivalents decreased 54.2%
Cash & equivalents changed -54.2% from the comparable as-filed period. The change ranks at the 0th percentile of 4 prior comparable changes.
$849.0M→$388.8M4 prior comparisons
Working capital decreased 40.5%
Working capital changed -40.5% from the comparable as-filed period. The change ranks at the 25th percentile of 4 prior comparable changes.
$1.6B→$975.3M4 prior comparisons
Gross profit decreased 52.5%
Gross profit changed -52.5% from the comparable as-filed period. This reverses 2 consecutive comparable moves in the opposite direction.
$715.3M→$339.8M2 prior comparisons
Inventory / revenue moved 299 bp higher
Inventory / revenue changed +299 basis points from the comparable as-filed period.
40.79%→43.78%2 prior comparisons
Capex / revenue moved 221 bp higher
Capex / revenue changed +221 basis points from the comparable as-filed period.
3.28%→5.49%2 prior comparisons
Debt / revenue moved 361 bp lower
Debt / revenue changed -361 basis points from the comparable as-filed period.
65.46%→61.85%2 prior comparisons
Cash / debt moved 1367 bp lower
Cash / debt changed -1367 basis points from the comparable as-filed period. The change ranks at the 0th percentile of 4 prior comparable changes.
27.26%→13.59%4 prior comparisons
Selling, general & administrative increased 32.9%
Selling, general & administrative changed +32.9% from the comparable as-filed period.
$199.5M→$265.1M2 prior comparisons
Revenue decreased 2.8%
Revenue changed -2.8% from the comparable as-filed period. This reverses 2 consecutive comparable moves in the opposite direction.
$4.8B→$4.6B2 prior comparisons
Free-cash-flow margin moved 547 bp lower
Free-cash-flow margin changed -547 basis points from the comparable as-filed period.
7.13%→1.66%2 prior comparisons
Operating cash-flow margin moved 325 bp lower
Operating cash-flow margin changed -325 basis points from the comparable as-filed period.
10.41%→7.16%2 prior comparisons
Shares outstanding increased 0.2%
Shares outstanding changed +0.2% from the comparable as-filed period. The change ranks at the 75th percentile of 8 prior comparable changes.
237,547,447→238,108,5248 prior comparisons
Current assets decreased 12.6%
Current assets changed -12.6% from the comparable as-filed period. The change ranks at the 0th percentile of 4 prior comparable changes.
$4.3B→$3.7B4 prior comparisons
Working capital / assets moved 646 bp lower
Working capital / assets changed -646 basis points from the comparable as-filed period. The change ranks at the 25th percentile of 4 prior comparable changes.
16.19%→9.72%4 prior comparisons
Stock-based compensation decreased 28.4%
Stock-based compensation changed -28.4% from the comparable as-filed period.
$7.2M→$5.1M3 prior comparisons
Debt / assets moved 225 bp lower
Debt / assets changed -225 basis points from the comparable as-filed period. The change ranks at the 50th percentile of 4 prior comparable changes.
30.78%→28.53%4 prior comparisons
Operating cash flow / net income changed across a low base
Operating cash flow / net income changed +1676.6% from the comparable as-filed period. Relative percentage is de-emphasized because the comparison has a low base. This reverses 2 consecutive comparable moves in the opposite direction.
1.39→24.752 prior comparisons
Net debt increased 9.1%
Net debt changed +9.1% from the comparable as-filed period. The change ranks at the 0th percentile of 4 prior comparable changes.
$2.3B→$2.5B4 prior comparisons
SBC / revenue moved 4 bp lower
SBC / revenue changed -4 basis points from the comparable as-filed period. This reverses 2 consecutive comparable moves in the opposite direction.
0.15%→0.11%2 prior comparisons
Cost of revenue increased 6.0%
Cost of revenue changed +6.0% from the comparable as-filed period.
$4.0B→$4.3B2 prior comparisons
Current ratio decreased 16.6%
Current ratio changed -16.6% from the comparable as-filed period. The change ranks at the 25th percentile of 4 prior comparable changes.
1.63→1.364 prior comparisons
Inventory increased 4.4%
Inventory changed +4.4% from the comparable as-filed period. The change ranks at the 0th percentile of 4 prior comparable changes.
$1.9B→$2.0B4 prior comparisons
Total assets decreased 0.9%
Total assets changed -0.9% from the comparable as-filed period. The change ranks at the 0th percentile of 4 prior comparable changes.
$10.1B→$10.0B4 prior comparisons
Current long-term debt increased 5.5%
Current long-term debt changed +5.5% from the comparable as-filed period. The change ranks at the 0th percentile of 4 prior comparable changes.
$865,000→$913,0004 prior comparisons
Current liabilities increased 4.8%
Current liabilities changed +4.8% from the comparable as-filed period. The change ranks at the 50th percentile of 4 prior comparable changes.
$2.6B→$2.7B4 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.