We include only U.S.-listed companies where financial disclosures are detailed, consistent across reporting periods, and organized in ways that allow for forward-looking, institution-grade analysis. The reporting must provide enough clarity and structure to enable a rigorous understanding of operations, financial strategy, and the long-term stability of the business model.

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Our selection is focused on sectors where the underlying business economics — including unit-level profitability, capital use, and competitive dynamics — can be studied through a disciplined framework. These characteristics must support structured modeling, enabling multi-scenario evaluations of future outcomes under varied macroeconomic and sector-specific conditions.

 

We exclude companies where critical data points are missing, selectively released, or difficult to reconcile across filings. We also avoid businesses that show unclear or shifting segment disclosures, or are strongly influenced by regulatory regimes or legal outcomes that introduce uncertainty into long-term forecasting.

 

The objective is to maintain analytical depth across our coverage universe. Each company we include is selected with the intention of producing work that supports reliable valuation outputs, consistent modeling logic, and insights that serve high-level institutional needs.

 

By applying these criteria, we ensure that every report produced under our framework is grounded in factual inputs, defensible reasoning, and aligned with the requirements of asset managers seeking clarity and confidence in their research sources.