{"schemaVersion":1,"research":true,"symbol":"bkr","name":"Baker Hughes Co","topic":"moat","path":"/stock/bkr/moat","status":"published","version":4,"updatedAt":"2026-10-18T13:22:27.758Z","locked":false,"publicFairValue":false,"fairValue":null,"moat":{"verdict":"uncertain","summary":"Baker Hughes has protected technology, continuing technology licenses and substantial long-term contracted demand. Growing gas technology services revenue and orders demonstrate customer relevance, but the passages do not establish durable competitive superiority or material customer switching costs. Higher prices contributed to 2023 earnings growth, establishing some realized pricing benefit; fixed-price commitments constrain repricing. OFSE's subsequent earnings decline reflects inflation, volume, mix and dispositions rather than demonstrated competitive displacement. The evidence supports operating capabilities but cannot establish the durability of an economic moat.","advantages":[{"mechanism":"intangible_assets","claim":"Patents, trade secrets and continuing technology licenses provide current operating capabilities. A 2023 disclosure also establishes exclusive supply and servicing rights for specified controls products for oil and gas customers. Their contribution to sustained competitive superiority remains unestablished.","durability":"License agreements remained in place in the 2025 annual filing. The supplied passages do not establish remaining patent lives, license exclusivity across the portfolio or the continuing scope and duration of the controls exclusivity.","risks":"Dependence on external technology suppliers and the need for continuing product differentiation could erode these capabilities. General competition disclosures establish exposure, not realized technological displacement.","invalidation":"The candidate advantage would weaken if important licenses or exclusive distribution rights ended, or if customers adopted competing technologies without material performance or transition penalties.","competitors":[],"evidenceIds":["e1","e2","e3","e4"],"counterEvidenceIds":["e5","e6","e7"]},{"mechanism":"switching_costs","claim":"Long-term project relationships, aftermarket service arrangements and growing contracted demand support customer continuity. They suggest potential switching friction but do not demonstrate its magnitude or customer dependence.","durability":"At June 30, 2026, remaining performance obligations were $40.1 billion, with 76% expected to become revenue within five years and 91% within fifteen years. These are contractual revenue horizons, not demonstrated periods of competitive protection.","risks":"Customers generally have termination rights, and termination fees may not fully compensate Baker Hughes. Backlog growth can reflect project timing and market demand rather than lock-in.","invalidation":"The switching-cost hypothesis would be undermined by service replacement without significant customer disruption, repeated cancellations or renegotiations, or sustained service-order contraction after accounting for market conditions and dispositions.","competitors":[],"evidenceIds":["e8","e9","e10","e11","e12"],"counterEvidenceIds":["e13","e14"]}],"evidence":[{"id":"e1","sourceId":"filing-1","location":"Business / intellectual property","excerpt":"Baker Hughes maintains a globally distributed intellectual property portfolio, with protection in numerous jurisdictions through thousands of patent applications, issued patents, copyrights, and trade secrets."},{"id":"e2","sourceId":"filing-1","location":"Business / technology licensing and supply agreements","excerpt":"(\"GE HealthCare\") (NASDAQ: GEHC). In particular, Baker Hughes has: i) an intellectual property cross-license agreement with GE Aerospace, GE Vernova, and GE HealthCare that allows all parties to have continued rights to commercially utilize certain intellectual property of the other pursuant to the terms of the agreement, ii) a heavy duty gas turbine distribution and supply agreement that licenses certain intellectual property of GE Vernova to Baker Hughes, and iii) a second amended and restated supply and technology development agreement with GE Vernova, GE Aerospace, and the aeroderivative joint venture (\"Aero JV\") which governs the supply of certain aeroderivative technology to us and regulates intellectual property licenses amongst the parties where relevant."},{"id":"e3","sourceId":"filing-1","location":"Business / continuing agreements","excerpt":"While the above agreements have been amended from time to time, these agreements remain in place."},{"id":"e4","sourceId":"filing-5","location":"Note 21 / Nexus Controls disposition and exclusive supply rights","excerpt":"GE will continue to provide Baker Hughes with GE's MarkTM controls products currently in the Nexus Controls portfolio, and we will be the exclusive supplier and service provider of such GE products for our oil and gas customers' control needs."},{"id":"e5","sourceId":"filing-1","location":"Business / competitive markets","excerpt":"Our products and services are sold in highly competitive markets and the competitive environment varies by product line."},{"id":"e6","sourceId":"filing-1","location":"Risk Factors / technology differentiation requirements","excerpt":"In order to be competitive, we must provide new and differentiating technologies, reliable products and services that perform as expected and that create value for our customers."},{"id":"e7","sourceId":"filing-1","location":"Risk Factors / technology supplier dependence","excerpt":"Although we have long-term contractual frameworks in place with both GE Vernova and GE Aerospace, if either GE Vernova or GE Aerospace were to discontinue or reduce their business with the Company, fail to perform their obligations under existing contracts (such as our long-term supply agreement for heavy-duty gas turbines, the Second Amended and Restated Supply and Technology Development Agreement or the related intellectual property agreements with GE Aerospace) or experience disruptions, our business, financial condition, results of operations and cash flows may be adversely affected."},{"id":"e8","sourceId":"filing-1","location":"Business / customer agreement types","excerpt":"Our agreements span fixed-fee or turnkey contracts, transactional agreements for products and services, frame and master service agreements, integrated project and alliance models, equipment supply with aftermarket service agreements, and subscription or license agreements for digital software, data, and analytics solutions."},{"id":"e9","sourceId":"filing-1","location":"Business / long-term customer relationships","excerpt":"We benefit from stable relationships with many customers based on long-term project contracts and master service agreements."},{"id":"e10","sourceId":"filing-2","location":"MD&A / remaining performance obligations by segment","excerpt":"As of June 30, 2026, RPO totaled $40.1 billion, of which OFSE totaled $3.0 billion and IET totaled $37.1 billion."},{"id":"e11","sourceId":"filing-2","location":"Revenue disclosures / expected RPO recognition","excerpt":"As of June 30, 2026, the Company expects to recognize revenue of approximately 53%, 76% and 91% of the total remaining performance obligations within 2, 5, and 15 years, respectively, and the remaining thereafter."},{"id":"e12","sourceId":"filing-2","location":"MD&A / segment orders","excerpt":"Three Months Ended June 30, $ Change Six Months Ended June 30, $ Change 2026 2025 2026 2025 Orders: Oilfield Services & Equipment $ 3,413 $ 3,503 $ (90) $ 6,684 $ 6,784 $ (100) Gas Technology Equipment 4,913 781 4,132 6,736 2,116 4,620 Gas Technology Services 1,314 986 328 2,288 1,899 389 Total Gas Technology 6,227 1,767 4,460 9,024 4,015 5,009 Industrial Products 533 513 20 1,137 1,013 124 Industrial Solutions 274 327 (53) 503 608 (105) Total Industrial Technology 807 839 (32) 1,640 1,621 19 Climate Technology Solutions 54 923 (869) 1,312 1,071 241 Industrial & Energy Technology 7,088 3,530 3,558 11,976 6,708 5,268 Total $ 10,501 $ 7,032 $ 3,469 $ 18,660 $ 13,492 $ 5,168 Remaining Performance Obligations (\"RPO\") relate to the aggregate amount of the transaction prices allocated to the unsatisfied (or partially unsatisfied) performance obligations."},{"id":"e13","sourceId":"filing-1","location":"Risk Factors / customer termination rights","excerpt":"Our contracts with customers generally may be terminated by the customer for convenience, default, or extended force majeure (which could include inability to perform due to a pandemic or as a result of civil unrest or armed conflicts)."},{"id":"e14","sourceId":"filing-1","location":"Risk Factors / termination fee limitations","excerpt":"Termination for convenience may require the payment of an early termination fee by the customer, but the early termination fee may not fully compensate us for the loss of the contract."},{"id":"e15","sourceId":"filing-5","location":"MD&A / 2023 income growth drivers including price","excerpt":"The increase in income before tax was driven by higher volume and price in both segments and structural cost-out initiatives, positive effect from the change in fair value on certain equity securities, and lower restructuring and impairment charges."},{"id":"e16","sourceId":"filing-1","location":"Business / fixed or firm pricing commitments","excerpt":"Several of those contracts require us to commit to fixed or firm pricing against customer technical specifications, often with limited relief for changes in circumstances."},{"id":"e17","sourceId":"filing-2","location":"MD&A / second-quarter 2026 IET revenue drivers","excerpt":"IET revenue remained flat year-over-year, driven by an increase of $79 million or 11% in Gas Technology Services (\"GTS\"), an increase of $61 million or 13% in Industrial Products (\"IP\"), and an increase in Climate Technology Solutions (\"CTS\") of $49 million or 31%, offset by a decrease of $100 million or 6% in Gas Technology Equipment (\"GTE\"), and a decrease of $91 million or 33% in Industrial Solutions (\"IS\") reflective of the Precision Sensors & Instrumentation (\"PSI\") disposition."},{"id":"e18","sourceId":"filing-2","location":"MD&A / first-half 2026 OFSE EBITDA","excerpt":"OFSE segment EBITDA of $1,170 million decreased $130 million, or 10%, in the first six months of 2026 compared to the first six months of 2025."},{"id":"e19","sourceId":"filing-2","location":"MD&A / OFSE inflation, volume, mix and productivity","excerpt":"The reduction of EBITDA in the first six months of 2026, after taking into consideration the disposal of SPC was a result of inflation, lower volume, change in business mix, partially offset by cost-out initiatives, overall productivity, and FX."},{"id":"e20","sourceId":"filing-2","location":"MD&A / operating cash flows","excerpt":"Cash Flows Cash flows provided by (used in) each type of activity were as follows for the six months ended June 30: (In millions) 2026 2025 Operating activities $ 1,845 $ 1,219 Investing activities 874 (596) Financing activities 9,287 (945) Operating Activities Cash flows provided by operating activities were $1,845 million and $1,219 million for the six months ended June 30, 2026 and 2025, respectively."},{"id":"e21","sourceId":"filing-2","location":"Segment disclosures / capital expenditures","excerpt":"The following table presents depreciation and amortization: Three Months Ended June 30, Six Months Ended June 30, Depreciation and amortization 2026 2025 2026 2025 OFSE $ 266 $ 233 $ 544 $ 459 IET 60 56 128 109 Total segment 326 289 672 568 Corporate 7 5 15 11 Total $ 333 $ 293 $ 687 $ 579 Baker Hughes Company 2026 Second Quarter Form 10-Q | 22 Baker Hughes Company Notes to Unaudited Condensed Consolidated Financial Statements The following table presents capital expenditures: Three Months Ended June 30, Six Months Ended June 30, Capital expenditures 2026 2025 2026 2025 OFSE $ 197 $ 213 $ 415 $ 414 IET 87 69 191 154 Total segment 284 282 606 568 Corporate 16 19 30 33 Total $ 300 $ 301 $ 636 $ 601 NOTE 15."},{"id":"e22","sourceId":"filing-2","location":"Equity disclosures / share issuance and repurchases","excerpt":"Baker Hughes Company 2026 Second Quarter Form 10-Q | 13 Baker Hughes Company Notes to Unaudited Condensed Consolidated Financial Statements The following table presents the changes in the number of shares outstanding (in thousands): Class A Common Stock 2026 2025 Balance at January 1 986,815 989,646 Issue of shares upon vesting of restricted stock units (1) 4,195 4,700 Issue of shares on exercise of stock options (1) 643 82 Issue of shares for employee stock purchase plan 674 770 Repurchase and cancellation of Class A common stock — (9,751) Balance at June 30 992,327 985,447 (1)Share amounts reflected above are net of shares withheld to satisfy the employee's tax withholding obligation."},{"id":"e23","sourceId":"filing-2","location":"Debt disclosures / financing and July 16, 2026 Chart acquisition completion","excerpt":"The Company used the net proceeds of the Notes Offering and Term Loans to fund a portion of the cash consideration for the acquisition of Chart, which was completed on July 16, 2026."},{"id":"e24","sourceId":"filing-2","location":"Note 19 / completed PSI disposition","excerpt":"During January 2026, the Company completed the sale of its PSI business, a business within the Industrial Solutions product line of its IET segment, to Crane Company, a diversified manufacturer of engineered industrial products, for a total cash consideration of approximately $1.2 billion."},{"id":"e25","sourceId":"filing-3","location":"Executive Compensation / 2025 performance-based target compensation","excerpt":"Approximately 90% of Mr. Simonelli’s target total compensation is performance-based and at risk, while the other NEOs have an average of 80% performance-based and at-risk compensation."},{"id":"e26","sourceId":"filing-3","location":"Executive Compensation / existing compensation and stockholding policies","excerpt":"As discussed previously in the CD&A, the Company’s principal compensation policies, which enable the Company to attract and retain strong and experienced executive officers, include: • providing a significant percentage of total compensation that is variable because it is at-risk, and based on predetermined performance criteria; • requiring significant stock holdings to align the interests of executive officers with those of shareholders; • designing competitive total compensation and rewards programs to enhance our ability to attract and retain knowledgeable and experienced executive officers; and • setting compensation and incentive levels that reflect competitive market practices."},{"id":"e27","sourceId":"filing-3","location":"Executive Compensation / change-in-control PSU treatment","excerpt":"On a termination within 24 months following a change in control, the services restrictions on all PSUs will immediately lapse and the satisfaction of performance conditions will be fixed at target."},{"id":"e28","sourceId":"filing-3","location":"Executive Compensation / 2025 objectives and actual outcomes","excerpt":"• No fatalities 2025 Assessment: Partially Met Objectives Growth & Transformation • Generate $200M of savings • 2025 New Energy orders of $1.68B • Progression in key metrics for six priorities • EBITDA margin under target despite $259M savings generated • $2.0B New Energy orders • Some progress on key metrics 2025 Assessment: Partially Met Objectives Sustainability & Leadership • Scope 1 / 2 reduction against baseline by 30K MTCO2e • Advancement of work around succession pipeline • 51k MTCO2e • Internal pipeline for key ELT roles and increased efforts around talent identification and development 2025 Assessment: Met Objectives Shareholder Returns • TSR improvement above peer benchmarks • Protect and grow dividend • Broaden investor base as part of Company strategic pillars • TSR in 2025 of +15.5%, positioned 4th out of 18 competitors."},{"id":"e29","sourceId":"filing-3","location":"Executive Compensation / 2025 safety outcomes","excerpt":"45 Table of Contents Executive Compensation The Human Capital and Compensation Committee considered the achievement for the Strategic Blueprint priorities below for 2025 and provided the following assessments on each priority: Performance Component 2025 Performance Expectation Results Safety & Compliance • HSE day, leading & lagging metrics improvement versus 2024 • Zero Workplace caused fatalities • HSE Perfect Days decreased by 5 to 201, permanent impairment increased by 1 to 2, LTIR increased by 0.03 YoY, and TRIR stayed flat."},{"id":"e30","sourceId":"filing-3","location":"Corporate Governance / combined leadership and lead independent director duties","excerpt":"Rice Lead Independent Director • reviews the agenda, schedule, and information sent to the directors for Board meetings • works with the Chairman/CEO to propose an annual schedule of major discussion items • leads meetings of the independent directors and regularly meets with the Chairman/CEO for a discussion of matters arising from these meetings • develops and leads the Board evaluation process • develops and leads the Chairman evaluation process • calls additional meetings of the independent directors or the entire Board as deemed appropriate • provides leadership to the Board if circumstances arise in which the role of the Chairman/CEO may be, or may be perceived to be, in conflict • serves as a liaison on Board-related issues between the Chairman/CEO and the independent directors The Board has determined that the current structure, with a combined CEO and Chairman of the Board and a Lead Independent Director, is in the best interests of the Company and our shareholders."},{"id":"e31","sourceId":"filing-3","location":"Corporate Governance / Finance Committee independence","excerpt":"The Board has determined that each member of the Finance Committee is independent."},{"id":"e32","sourceId":"filing-1","location":"Cybersecurity governance / regular Audit Committee reporting","excerpt":"The Audit Committee receives reports on our cybersecurity program and developments from our CISO at each of our regular meetings, which occur at least four times per year."},{"id":"e33","sourceId":"filing-3","location":"Executive Compensation / performance benchmarking peer group","excerpt":"The Human Capital and Compensation Committee assesses the Company’s long-term performance in part through PSUs based on the companies in the OSX index (plus TechnipFMC) each year to align with the wider portfolio of Baker Hughes."},{"id":"e34","sourceId":"filing-3","location":"Shareholder letter / reported 2025 operating cash flow and non-GAAP free cash flow","excerpt":"• We ended the year with cash flows from operating activities up 14% year-over-year at $3.81 billion and free cash flow* up 21% year-over-year at $2.73 billion, enhanced by working capital efficiency and customer down payments."},{"id":"e35","sourceId":"filing-3","location":"Shareholder letter / six consecutive years of IET RPO growth","excerpt":"Notably, this marked the sixth consecutive year of IET RPO growth."}],"changes":["Retains the previous uncertain verdict: operating capabilities and contracted demand do not establish durable competitive protection.","Adds historical realized pricing evidence from 2023 and explicitly recognizes fixed-price contractual constraints.","Adds the disclosed controls exclusivity as a limited candidate advantage without assuming its current duration or portfolio-wide significance.","Adds disclosed compensation, governance and execution outcomes. Recognizes Chart's July 16, 2026 acquisition completion while treating integration benefits as unproven."],"limitations":["Assessment uses only the supplied issuer passages. Dates are filing dates with dateKind filed; no retrieval date is treated as publication.","Product-market competitor coverage is unestablished. TechnipFMC is named as a compensation performance benchmark, which does not establish direct competition for the particular advantages assessed. Suppliers, partners and acquisition counterparties are not treated as competitors.","Patent counts and licensing arrangements establish capabilities, but relative product performance, market shares, replacement costs and durable price premiums are missing.","Retention is assessed indirectly from contracts, service demand and orders; customer-level renewal or retention rates are not supplied.","The passages establish a historical positive pricing contribution but do not isolate recent realized pricing, price-cost spreads or product-level pricing discretion.","Actual executive ownership balances and detailed incentive payout calibration are missing. Existing 2025 compensation disclosures support alignment assessment; proposed 2026 plan provisions are not treated as adopted or vested awards.","The supplied post-completion disclosure establishes Chart's acquisition, but does not establish integration returns, synergies or additional competitive protection."],"qualityAssessments":[{"category":"moat","checks":[{"criterion":"structural_advantage","grade":null,"rationale":"Protected technology, licenses and limited disclosed exclusivity establish capabilities, but their competitive significance cannot be established from these passages.","evidenceIds":["e1","e2","e3","e4","e5"]},{"criterion":"durability","grade":null,"rationale":"Long contract horizons and continuing licenses do not establish durable superiority; remaining protection periods and substitution barriers are missing.","evidenceIds":["e3","e7","e11"]},{"criterion":"customer_dependency","grade":null,"rationale":"Service demand and long-term relationships demonstrate relevance, but no material customer replacement penalty is established.","evidenceIds":["e8","e9","e12","e13","e17"]},{"criterion":"erosion_resilience","grade":null,"rationale":"Growing IET demand and weaker OFSE results establish uneven operating performance, without separating competitive erosion from market, disposition and geopolitical effects.","evidenceIds":["e12","e17","e18","e19"]}]},{"category":"pricing_power","checks":[{"criterion":"realized_pricing","grade":2,"rationale":"Higher prices contributed to 2023 earnings growth in both segments. This demonstrates a positive realized outcome, but recent pricing persistence and pricing independent of industry conditions are unestablished.","evidenceIds":["e15","e16"]},{"criterion":"retention","grade":2,"rationale":"Long-term relationships, first-half gas services order growth and second-quarter gas services revenue growth support continuity through indirect operating evidence. They do not distinguish repeat customers from new demand, and customers retain termination rights.","evidenceIds":["e9","e12","e13","e14","e17"]},{"criterion":"margin_resilience","grade":2,"rationale":"Historical pricing and cost savings provide offsets, but first-half 2026 OFSE EBITDA fell 10%, with inflation, volume and mix pressure partly offset by productivity. The evidence is mixed and does not establish sustained cost pass-through.","evidenceIds":["e15","e18","e19","e28"]},{"criterion":"contractual_freedom","grade":1,"rationale":"Several contracts impose fixed or firm pricing with limited relief, while customer termination rights limit protection. These disclosed terms establish constrained repricing freedom, although they do not apply identically to every offering.","evidenceIds":["e8","e13","e14","e16"]}]},{"category":"strong_management","checks":[{"criterion":"capital_discipline","grade":2,"rationale":"First-half 2026 operating cash flow of $1.845 billion exceeded $636 million of capital expenditures, and PSI was sold for approximately $1.2 billion. These actual outcomes support discipline, balanced against debt-funded Chart expansion with unproven returns and an increase in shares outstanding without repurchases.","evidenceIds":["e20","e21","e22","e23","e24"]},{"criterion":"incentive_alignment","grade":3,"rationale":"Existing compensation disclosures establish substantial performance-based pay, required stockholdings and relative performance benchmarking. Change-in-control provisions can fix PSU performance at target following qualifying termination, and actual ownership balances are absent. These limits preclude an exceptional grade.","evidenceIds":["e25","e26","e27","e33"]},{"criterion":"execution","grade":2,"rationale":"Reported cash generation, sustained IET backlog growth and $259 million of savings demonstrate delivery. Execution remains mixed: EBITDA margin missed its target, safety objectives were only partly met and OFSE earnings declined. This assessment uses operating outcomes rather than attributing every result solely to management.","evidenceIds":["e18","e19","e28","e29","e34","e35"]},{"criterion":"governance","grade":2,"rationale":"An independent Finance Committee, defined lead independent director responsibilities and regular Audit Committee reporting establish functioning oversight arrangements. Combined CEO and chair roles concentrate authority, and the passages do not establish exceptional oversight effectiveness.","evidenceIds":["e30","e31","e32"]}]}],"financialAssessments":[],"qualityPolicy":"quality-scores-2","sourcePolicy":"issuer-evidence-4","basisHash":"0f04b52eb52eee1521b34351229f32aa1fe562de19cec9bc95289e2f74341ab5","updatedAt":"2026-10-18T13:22:27.758Z","sources":[{"id":"filing-1","url":"https://www.sec.gov/Archives/edgar/data/1701605/000170160526000007/bkr-20251231.htm","publishedAt":"2026-02-05","sha256":"5d427f9b43b0e4d3672f53ef9aac4e18370dff91e92e32acbea315593ae32bb3","dateKind":"filed"},{"id":"filing-2","url":"https://www.sec.gov/Archives/edgar/data/1701605/000170160526000023/bkr-20260630.htm","publishedAt":"2026-07-27","sha256":"8d0565b81fcfe8da9e9f2715a8b975ef93228711889dac6f9c15b96aeb42f73f","dateKind":"filed"},{"id":"filing-3","url":"https://www.sec.gov/Archives/edgar/data/1701605/000119312526130309/d939028ddef14a.htm","publishedAt":"2026-03-30","sha256":"9e85b22798fe039c9d593305816112e98bc4107d846f8d261d00c3ee23d8a858","dateKind":"filed"},{"id":"filing-4","url":"https://www.sec.gov/Archives/edgar/data/1701605/000170160525000035/bkr-20241231.htm","publishedAt":"2025-02-04","sha256":"68779d69a9762de2e961a7601d9ca1ef278f5499e7ee4f188319f1f29cd0b05d","dateKind":"filed"},{"id":"filing-5","url":"https://www.sec.gov/Archives/edgar/data/1701605/000170160524000033/bkr-20231231.htm","publishedAt":"2024-02-05","sha256":"ca38358ec3435833924f6255d07b21c2c7f8dd864562ea5b02500e6023e935b8","dateKind":"filed"},{"id":"filing-6","url":"https://www.sec.gov/Archives/edgar/data/1701605/000170160526000014/bkr-20260331.htm","publishedAt":"2026-04-24","sha256":"742a65c9b8a8ca82f1a4cb64c7397660e579dfea9615cb5d43d084e04e401591","dateKind":"filed"}],"model":"gpt-6.1-sol","providerId":"codex:dc17086bfe48c971a95bcaaef4ef43fed6ed19a010728fc5413668bc06bb2974","usage":{"input_tokens":89830,"cached_input_tokens":21120,"cache_write_input_tokens":0,"output_tokens":3503,"reasoning_output_tokens":93},"basisSupplement":{"previousHash":"50ea99183a19f07c307d790bffaf2358fcadb6930b37b0025f3cf1a79dadf5a1","checkedAt":"2026-10-18T16:49:32.080Z","rule":"dated historical and missing inputs only; accepted observations and research date retained"}},"signals":[{"period":"2021","end":"2021-12-31","values":{"gross_margin":null,"operating_margin":6.389620524826846,"roic":null,"fcf_margin":7.404155692127596,"sbc_revenue":0.9999024485416057},"issues":{"pe":"Trailing earnings is zero or negative, so this ratio is undefined.","peg":"Two complete TTM earnings bases and their diluted share counts are required for year-over-year growth.","ps":"Diluted share count is unavailable in the extracted statements for this period.","pfcf":"Diluted share count is unavailable in the extracted statements for this period.","pfcf_growth":"Two complete TTM FCF bases and their diluted share counts are required for year-over-year growth.","pocf":"Diluted share count is unavailable in the extracted statements for this period.","pb":"Diluted share count is unavailable in the extracted statements for this period.","fcf_yield":"Diluted share count is unavailable in the 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