Reported Revenue & CapEx History

Layer 0 · point-in-time reported LTM actuals · exact same-company growth · latest 17 Jul 2026
Reported Revenue LTM growth+7.2%1,711 matched companies
Reported Capex LTM growth+13.5%1,646 matched companies
Eligible group series370≥5 companies · ≥20 observations

Industry and Sub-Industry history explorer

Select a coverage-qualified group. The chart is reported LTM growth versus the prior-year LTM on an exact matched-company base.

Revenue — Global ex Financials

Reported revenue historyBack to top ↑

Revenue — Communication Services

Reported revenue Communication Services historyBack to top ↑

Revenue — Consumer Discretionary

Reported revenue Consumer Discretionary historyBack to top ↑

Revenue — Consumer Staples

Reported revenue Consumer Staples historyBack to top ↑

Revenue — Energy

Reported revenue Energy historyBack to top ↑

Revenue — Financials

Reported revenue Financials historyBack to top ↑

Revenue — Health Care

Reported revenue Health Care historyBack to top ↑

Revenue — Industrials

Reported revenue Industrials historyBack to top ↑

Revenue — Information Technology

Reported revenue Information Technology historyBack to top ↑

Revenue — Materials

Reported revenue Materials historyBack to top ↑

Revenue — Real Estate

Reported revenue Real Estate historyBack to top ↑

Revenue — Utilities

Reported revenue Utilities historyBack to top ↑

Capex — Global ex Financials

Reported capex historyBack to top ↑

Capex — Communication Services

Reported capex Communication Services historyBack to top ↑

Capex — Consumer Discretionary

Reported capex Consumer Discretionary historyBack to top ↑

Capex — Consumer Staples

Reported capex Consumer Staples historyBack to top ↑

Capex — Energy

Reported capex Energy historyBack to top ↑

Capex — Financials

Reported capex Financials historyBack to top ↑

Capex — Health Care

Reported capex Health Care historyBack to top ↑

Capex — Industrials

Reported capex Industrials historyBack to top ↑

Capex — Information Technology

Reported capex Information Technology historyBack to top ↑

Capex — Materials

Reported capex Materials historyBack to top ↑

Capex — Real Estate

Reported capex Real Estate historyBack to top ↑

Capex — Utilities

Reported capex Utilities historyBack to top ↑

Latest eligible-group coverage

MetricLevelGroupMatched companiesCompany coverageValid observations
CapexIndustryDiversified Telecommunication Services2788.6%57
CapexIndustryEntertainment2490.0%57
CapexIndustryInteractive Media & Services1066.7%53
CapexIndustryMedia6100.0%57
CapexIndustryWireless Telecommunication Services2292.3%57
CapexIndustryAutomobile Components2296.0%57
CapexIndustryAutomobiles3890.7%57
CapexIndustryBroadline Retail1782.6%57
CapexIndustryHotels, Restaurants & Leisure3793.0%57
CapexIndustryHousehold Durables1493.8%57
CapexIndustrySpecialty Retail3397.1%57
CapexIndustryTextiles, Apparel & Luxury Goods1895.5%57
CapexIndustryBeverages31100.0%57
CapexIndustryConsumer Staples Distribution & Retail3597.4%57
CapexIndustryFood Products4998.1%57
CapexIndustryHousehold Products9100.0%57
CapexIndustryPersonal Care Products14100.0%57
CapexIndustryTobacco8100.0%57
CapexIndustryEnergy Equipment & Services8100.0%57
CapexIndustryOil, Gas & Consumable Fuels7697.6%57
CapexIndustryBanks14073.6%57
CapexIndustryCapital Markets7082.4%57
CapexIndustryConsumer Finance890.9%53
CapexIndustryFinancial Services2679.1%57
CapexIndustryInsurance6373.7%57
CapexIndustryBiotechnology2597.0%57
CapexIndustryHealth Care Equipment & Supplies3394.4%57
CapexIndustryHealth Care Providers & Services26100.0%57
CapexIndustryLife Sciences Tools & Services20100.0%57
CapexIndustryPharmaceuticals5495.1%57
CapexIndustryAerospace & Defense3597.7%57
CapexIndustryAir Freight & Logistics1392.9%57
CapexIndustryBuilding Products1489.5%57
CapexIndustryCommercial Services & Supplies17100.0%57
CapexIndustryConstruction & Engineering24100.0%57
CapexIndustryElectrical Equipment4998.4%57
CapexIndustryGround Transportation1891.3%57
CapexIndustryIndustrial Conglomerates2596.3%57
CapexIndustryMachinery6698.7%57
CapexIndustryMarine Transportation13100.0%55
CapexIndustryPassenger Airlines1794.7%57
CapexIndustryProfessional Services18100.0%57
CapexIndustryTrading Companies & Distributors2091.3%57
CapexIndustryTransportation Infrastructure1794.7%57
CapexIndustryCommunications Equipment13100.0%57
CapexIndustryElectronic Equipment, Instruments & Components5498.6%57
CapexIndustryIT Services30100.0%57
CapexIndustrySemiconductors & Semiconductor Equipment7699.1%57
CapexIndustrySoftware4598.2%57
CapexIndustryTechnology Hardware, Storage & Peripherals30100.0%57
CapexIndustryChemicals7093.7%57
CapexIndustryConstruction Materials15100.0%57
CapexIndustryContainers & Packaging8100.0%57
CapexIndustryMetals & Mining8398.2%57
CapexIndustryPaper & Forest Products5100.0%57
CapexIndustryDiversified REITs6100.0%57
CapexIndustryReal Estate Management & Development4594.0%57
CapexIndustryResidential REITs6100.0%52
CapexIndustryRetail REITs9100.0%57
CapexIndustrySpecialized REITs11100.0%57
CapexIndustryElectric Utilities55100.0%57
CapexIndustryGas Utilities1494.1%57
CapexIndustryIndependent Power and Renewable Electricity Producers30100.0%57
CapexIndustryMulti-Utilities20100.0%57
CapexIndustryWater Utilities5100.0%51
CapexSectorCommunication Services8987.9%57
CapexSectorConsumer Discretionary18592.1%57
CapexSectorConsumer Staples14698.7%57
CapexSectorEnergy8497.8%57
CapexSectorFinancials30776.2%57
CapexSectorHealth Care16096.7%57
CapexSectorIndustrials34696.8%57
CapexSectorInformation Technology24899.1%57
CapexSectorMaterials18196.8%57
CapexSectorReal Estate8393.4%57
CapexSectorUtilities12499.2%57
CapexSub IndustryAerospace & Defense3597.7%57
CapexSub IndustryAir Freight & Logistics1392.9%57
CapexSub IndustryAutomotive Parts & Equipment1594.4%57
CapexSub IndustryTires & Rubber7100.0%54
CapexSub IndustryAutomobile Manufacturers3289.2%57
CapexSub IndustryMotorcycle Manufacturers6100.0%24
CapexSub IndustryDiversified Banks12372.3%57
CapexSub IndustryRegional Banks1785.7%57
CapexSub IndustryBrewers8100.0%57
CapexSub IndustryDistillers & Vintners11100.0%54
CapexSub IndustrySoft Drinks & Non-alcoholic Beverages12100.0%57
CapexSub IndustryBiotechnology2597.0%57
CapexSub IndustryBroadline Retail1782.6%57
CapexSub IndustryBuilding Products1489.5%57
CapexSub IndustryAsset Management & Custody Banks1572.7%57
CapexSub IndustryFinancial Exchanges & Data1887.5%57
CapexSub IndustryInvestment Banking & Brokerage3487.5%56
CapexSub IndustryCommodity Chemicals2085.2%57
CapexSub IndustryDiversified Chemicals685.7%57
CapexSub IndustryFertilizers & Agricultural Chemicals13100.0%57
CapexSub IndustrySpecialty Chemicals27100.0%57
CapexSub IndustryDiversified Support Services5100.0%22
CapexSub IndustryEnvironmental & Facilities Services8100.0%51
CapexSub IndustryCommunications Equipment13100.0%57
CapexSub IndustryConstruction & Engineering24100.0%57
CapexSub IndustryConstruction Materials15100.0%57
CapexSub IndustryConsumer Finance890.9%53
CapexSub IndustryConsumer Staples Merchandise Retail688.9%57
CapexSub IndustryFood Retail23100.0%57
CapexSub IndustryPaper & Plastic Packaging Products & Materials6100.0%54
CapexSub IndustryDiversified REITs6100.0%57
CapexSub IndustryIntegrated Telecommunication Services2787.9%57
CapexSub IndustryElectric Utilities55100.0%57
CapexSub IndustryElectrical Components & Equipment3597.7%57
CapexSub IndustryHeavy Electrical Equipment14100.0%43
CapexSub IndustryElectronic Components3297.6%57
CapexSub IndustryElectronic Equipment & Instruments12100.0%45
CapexSub IndustryElectronic Manufacturing Services8100.0%28
CapexSub IndustryOil & Gas Equipment & Services5100.0%53
CapexSub IndustryInteractive Home Entertainment1293.8%57
CapexSub IndustryMovies & Entertainment1285.7%57
CapexSub IndustryDiversified Financial Services558.3%45
CapexSub IndustryMulti-Sector Holdings772.7%57
CapexSub IndustryTransaction & Payment Processing Services10100.0%57
CapexSub IndustryAgricultural Products & Services8100.0%57
CapexSub IndustryPackaged Foods & Meats4197.8%57
CapexSub IndustryGas Utilities1494.1%57
CapexSub IndustryRail Transportation12100.0%57
CapexSub IndustryHealth Care Equipment2692.9%57
CapexSub IndustryHealth Care Supplies7100.0%49
CapexSub IndustryHealth Care Distributors6100.0%57
CapexSub IndustryHealth Care Facilities10100.0%51
CapexSub IndustryHealth Care Services7100.0%57
CapexSub IndustryCasinos & Gaming7100.0%57
CapexSub IndustryHotels, Resorts & Cruise Lines1488.2%57
CapexSub IndustryRestaurants1594.1%57
CapexSub IndustryConsumer Electronics6100.0%51
CapexSub IndustryHousehold Products9100.0%57
CapexSub IndustryIT Consulting & Other Services22100.0%57
CapexSub IndustryInternet Services & Infrastructure8100.0%29
CapexSub IndustryIndependent Power Producers & Energy Traders20100.0%57
CapexSub IndustryRenewable Electricity10100.0%50
CapexSub IndustryIndustrial Conglomerates2596.3%57
CapexSub IndustryInsurance Brokers5100.0%21
CapexSub IndustryLife & Health Insurance2475.0%57
CapexSub IndustryMulti-line Insurance1278.9%57
CapexSub IndustryProperty & Casualty Insurance2273.3%57
CapexSub IndustryInteractive Media & Services1066.7%53
CapexSub IndustryLife Sciences Tools & Services20100.0%57
CapexSub IndustryConstruction Machinery & Heavy Transportation Equipment2796.6%57
CapexSub IndustryIndustrial Machinery & Supplies & Components36100.0%57
CapexSub IndustryMarine Transportation13100.0%55
CapexSub IndustryAluminum891.7%25
CapexSub IndustryCopper8100.0%57
CapexSub IndustryDiversified Metals & Mining2397.2%57
CapexSub IndustryGold19100.0%57
CapexSub IndustrySteel22100.0%57
CapexSub IndustryMulti-Utilities20100.0%57
CapexSub IndustryCoal & Consumable Fuels990.9%57
CapexSub IndustryIntegrated Oil & Gas21100.0%57
CapexSub IndustryOil & Gas Exploration & Production1794.7%57
CapexSub IndustryOil & Gas Refining & Marketing16100.0%57
CapexSub IndustryOil & Gas Storage & Transportation13100.0%57
CapexSub IndustryPassenger Airlines1794.7%57
CapexSub IndustryPersonal Care Products14100.0%57
CapexSub IndustryPharmaceuticals5495.1%57
CapexSub IndustryResearch & Consulting Services12100.0%57
CapexSub IndustryDiversified Real Estate Activities13100.0%57
CapexSub IndustryReal Estate Development1694.4%57
CapexSub IndustryReal Estate Operating Companies1393.3%57
CapexSub IndustryRetail REITs9100.0%57
CapexSub IndustrySemiconductor Materials & Equipment25100.0%57
CapexSub IndustrySemiconductors5198.6%57
CapexSub IndustryApplication Software3497.7%57
CapexSub IndustrySystems Software11100.0%57
CapexSub IndustryApparel Retail888.9%57
CapexSub IndustryAutomotive Retail8100.0%57
CapexSub IndustryOther Specialty Retail11100.0%54
CapexSub IndustryTechnology Hardware, Storage & Peripherals30100.0%57
CapexSub IndustryApparel, Accessories & Luxury Goods1594.7%57
CapexSub IndustryTobacco8100.0%57
CapexSub IndustryTrading Companies & Distributors2091.3%57
CapexSub IndustryAirport Services788.9%56
CapexSub IndustryHighways & Railtracks7100.0%55
CapexSub IndustryWater Utilities5100.0%51
CapexSub IndustryWireless Telecommunication Services2292.3%57
CapexTotal Ex FinancialsGlobal ex Financials1,64696.3%57
RevenueIndustryDiversified Telecommunication Services31100.0%57
RevenueIndustryEntertainment27100.0%57
RevenueIndustryInteractive Media & Services15100.0%54
RevenueIndustryMedia6100.0%57
RevenueIndustryWireless Telecommunication Services24100.0%57
RevenueIndustryAutomobile Components22100.0%57
RevenueIndustryAutomobiles4197.7%57
RevenueIndustryBroadline Retail21100.0%57
RevenueIndustryHotels, Restaurants & Leisure41100.0%57
RevenueIndustryHousehold Durables15100.0%57
RevenueIndustrySpecialty Retail34100.0%57
RevenueIndustryTextiles, Apparel & Luxury Goods19100.0%57
RevenueIndustryBeverages31100.0%57
RevenueIndustryConsumer Staples Distribution & Retail36100.0%57
RevenueIndustryFood Products50100.0%57
RevenueIndustryHousehold Products9100.0%57
RevenueIndustryPersonal Care Products14100.0%57
RevenueIndustryTobacco8100.0%57
RevenueIndustryEnergy Equipment & Services8100.0%57
RevenueIndustryOil, Gas & Consumable Fuels7898.8%57
RevenueIndustryBanks18395.3%57
RevenueIndustryCapital Markets8698.9%57
RevenueIndustryConsumer Finance9100.0%57
RevenueIndustryFinancial Services3395.3%57
RevenueIndustryInsurance8598.9%57
RevenueIndustryBiotechnology2690.9%57
RevenueIndustryHealth Care Equipment & Supplies34100.0%57
RevenueIndustryHealth Care Providers & Services26100.0%57
RevenueIndustryLife Sciences Tools & Services20100.0%57
RevenueIndustryPharmaceuticals56100.0%57
RevenueIndustryAerospace & Defense3697.7%57
RevenueIndustryAir Freight & Logistics14100.0%57
RevenueIndustryBuilding Products17100.0%57
RevenueIndustryCommercial Services & Supplies17100.0%57
RevenueIndustryConstruction & Engineering24100.0%57
RevenueIndustryElectrical Equipment50100.0%57
RevenueIndustryGround Transportation1895.7%57
RevenueIndustryIndustrial Conglomerates26100.0%57
RevenueIndustryMachinery6698.7%57
RevenueIndustryMarine Transportation13100.0%57
RevenueIndustryPassenger Airlines18100.0%57
RevenueIndustryProfessional Services19100.0%57
RevenueIndustryTrading Companies & Distributors22100.0%57
RevenueIndustryTransportation Infrastructure18100.0%57
RevenueIndustryCommunications Equipment13100.0%57
RevenueIndustryElectronic Equipment, Instruments & Components55100.0%57
RevenueIndustryIT Services30100.0%57
RevenueIndustrySemiconductors & Semiconductor Equipment80100.0%57
RevenueIndustrySoftware46100.0%57
RevenueIndustryTechnology Hardware, Storage & Peripherals30100.0%57
RevenueIndustryChemicals7098.7%57
RevenueIndustryConstruction Materials15100.0%57
RevenueIndustryContainers & Packaging8100.0%57
RevenueIndustryMetals & Mining8398.2%57
RevenueIndustryPaper & Forest Products5100.0%57
RevenueIndustryDiversified REITs6100.0%57
RevenueIndustryIndustrial REITs5100.0%45
RevenueIndustryReal Estate Management & Development49100.0%57
RevenueIndustryResidential REITs6100.0%52
RevenueIndustryRetail REITs9100.0%57
RevenueIndustrySpecialized REITs11100.0%57
RevenueIndustryElectric Utilities56100.0%57
RevenueIndustryGas Utilities15100.0%57
RevenueIndustryIndependent Power and Renewable Electricity Producers30100.0%57
RevenueIndustryMulti-Utilities20100.0%57
RevenueIndustryWater Utilities5100.0%57
RevenueSectorCommunication Services103100.0%57
RevenueSectorConsumer Discretionary20199.5%57
RevenueSectorConsumer Staples148100.0%57
RevenueSectorEnergy8698.9%57
RevenueSectorFinancials39796.9%57
RevenueSectorHealth Care16498.4%57
RevenueSectorIndustrials35899.3%57
RevenueSectorInformation Technology254100.0%57
RevenueSectorMaterials18198.6%57
RevenueSectorReal Estate90100.0%57
RevenueSectorUtilities126100.0%57
RevenueSub IndustryAerospace & Defense3697.7%57
RevenueSub IndustryAir Freight & Logistics14100.0%57
RevenueSub IndustryAutomotive Parts & Equipment15100.0%57
RevenueSub IndustryTires & Rubber7100.0%57
RevenueSub IndustryAutomobile Manufacturers3597.3%57
RevenueSub IndustryMotorcycle Manufacturers6100.0%29
RevenueSub IndustryDiversified Banks16394.8%57
RevenueSub IndustryRegional Banks20100.0%57
RevenueSub IndustryBrewers8100.0%57
RevenueSub IndustryDistillers & Vintners11100.0%57
RevenueSub IndustrySoft Drinks & Non-alcoholic Beverages12100.0%57
RevenueSub IndustryBiotechnology2690.9%57
RevenueSub IndustryBroadline Retail21100.0%57
RevenueSub IndustryBuilding Products17100.0%57
RevenueSub IndustryAsset Management & Custody Banks2095.5%57
RevenueSub IndustryDiversified Capital Markets5100.0%57
RevenueSub IndustryFinancial Exchanges & Data22100.0%57
RevenueSub IndustryInvestment Banking & Brokerage39100.0%57
RevenueSub IndustryCommodity Chemicals2096.3%57
RevenueSub IndustryDiversified Chemicals6100.0%57
RevenueSub IndustryFertilizers & Agricultural Chemicals13100.0%57
RevenueSub IndustrySpecialty Chemicals27100.0%57
RevenueSub IndustryDiversified Support Services5100.0%24
RevenueSub IndustryEnvironmental & Facilities Services8100.0%51
RevenueSub IndustryCommunications Equipment13100.0%57
RevenueSub IndustryConstruction & Engineering24100.0%57
RevenueSub IndustryConstruction Materials15100.0%57
RevenueSub IndustryConsumer Finance9100.0%57
RevenueSub IndustryConsumer Staples Merchandise Retail7100.0%57
RevenueSub IndustryFood Retail23100.0%57
RevenueSub IndustryPaper & Plastic Packaging Products & Materials6100.0%54
RevenueSub IndustryDiversified REITs6100.0%57
RevenueSub IndustryIntegrated Telecommunication Services31100.0%57
RevenueSub IndustryElectric Utilities56100.0%57
RevenueSub IndustryElectrical Components & Equipment36100.0%57
RevenueSub IndustryHeavy Electrical Equipment14100.0%49
RevenueSub IndustryElectronic Components33100.0%57
RevenueSub IndustryElectronic Equipment & Instruments12100.0%57
RevenueSub IndustryElectronic Manufacturing Services8100.0%31
RevenueSub IndustryOil & Gas Equipment & Services5100.0%53
RevenueSub IndustryInteractive Home Entertainment13100.0%57
RevenueSub IndustryMovies & Entertainment14100.0%57
RevenueSub IndustryDiversified Financial Services10100.0%55
RevenueSub IndustryMulti-Sector Holdings990.9%57
RevenueSub IndustryTransaction & Payment Processing Services10100.0%57
RevenueSub IndustryAgricultural Products & Services8100.0%57
RevenueSub IndustryPackaged Foods & Meats42100.0%57
RevenueSub IndustryGas Utilities15100.0%57
RevenueSub IndustryRail Transportation12100.0%57
RevenueSub IndustryHealth Care Equipment27100.0%57
RevenueSub IndustryHealth Care Supplies7100.0%57
RevenueSub IndustryHealth Care Distributors6100.0%57
RevenueSub IndustryHealth Care Facilities10100.0%52
RevenueSub IndustryHealth Care Services7100.0%57
RevenueSub IndustryCasinos & Gaming7100.0%57
RevenueSub IndustryHotels, Resorts & Cruise Lines17100.0%57
RevenueSub IndustryRestaurants16100.0%57
RevenueSub IndustryConsumer Electronics6100.0%54
RevenueSub IndustryHomebuilding5100.0%57
RevenueSub IndustryHousehold Products9100.0%57
RevenueSub IndustryIT Consulting & Other Services22100.0%57
RevenueSub IndustryInternet Services & Infrastructure8100.0%29
RevenueSub IndustryIndependent Power Producers & Energy Traders20100.0%57
RevenueSub IndustryRenewable Electricity10100.0%55
RevenueSub IndustryIndustrial Conglomerates26100.0%57
RevenueSub IndustryIndustrial REITs5100.0%45
RevenueSub IndustryInsurance Brokers5100.0%21
RevenueSub IndustryLife & Health Insurance3297.2%57
RevenueSub IndustryMulti-line Insurance15100.0%57
RevenueSub IndustryProperty & Casualty Insurance29100.0%57
RevenueSub IndustryInteractive Media & Services15100.0%54
RevenueSub IndustryLife Sciences Tools & Services20100.0%57
RevenueSub IndustryConstruction Machinery & Heavy Transportation Equipment2796.6%57
RevenueSub IndustryIndustrial Machinery & Supplies & Components36100.0%57
RevenueSub IndustryMarine Transportation13100.0%57
RevenueSub IndustryAluminum891.7%33
RevenueSub IndustryCopper8100.0%57
RevenueSub IndustryDiversified Metals & Mining2397.2%57
RevenueSub IndustryGold19100.0%57
RevenueSub IndustrySteel22100.0%57
RevenueSub IndustryMulti-Utilities20100.0%57
RevenueSub IndustryCoal & Consumable Fuels1090.9%57
RevenueSub IndustryIntegrated Oil & Gas21100.0%57
RevenueSub IndustryOil & Gas Exploration & Production18100.0%57
RevenueSub IndustryOil & Gas Refining & Marketing16100.0%57
RevenueSub IndustryOil & Gas Storage & Transportation13100.0%57
RevenueSub IndustryPassenger Airlines18100.0%57
RevenueSub IndustryPersonal Care Products14100.0%57
RevenueSub IndustryPharmaceuticals56100.0%57
RevenueSub IndustryResearch & Consulting Services12100.0%57
RevenueSub IndustryDiversified Real Estate Activities13100.0%57
RevenueSub IndustryReal Estate Development18100.0%57
RevenueSub IndustryReal Estate Operating Companies14100.0%57
RevenueSub IndustryRetail REITs9100.0%57
RevenueSub IndustrySemiconductor Materials & Equipment26100.0%57
RevenueSub IndustrySemiconductors54100.0%57
RevenueSub IndustryApplication Software35100.0%57
RevenueSub IndustrySystems Software11100.0%57
RevenueSub IndustryApparel Retail9100.0%57
RevenueSub IndustryAutomotive Retail8100.0%57
RevenueSub IndustryOther Specialty Retail11100.0%55
RevenueSub IndustryTechnology Hardware, Storage & Peripherals30100.0%57
RevenueSub IndustryApparel, Accessories & Luxury Goods16100.0%57
RevenueSub IndustryTobacco8100.0%57
RevenueSub IndustryTrading Companies & Distributors22100.0%57
RevenueSub IndustryAirport Services8100.0%57
RevenueSub IndustryHighways & Railtracks7100.0%57
RevenueSub IndustryWater Utilities5100.0%57
RevenueSub IndustryWireless Telecommunication Services24100.0%57
RevenueTotal Ex FinancialsGlobal ex Financials1,71199.4%57

Methodology

Reported LTM values are Bloomberg actuals in USD as known at each observation date. Period ends and revision dates must not exceed the observation date. The current and prior-year LTM period ends must also be 300–430 days apart; this removes mechanical 9- or 15-month fiscal-roll comparisons. Multiple listings are collapsed to stable Bloomberg company IDs; conflicting listing values are excluded. Reported cash-flow CapEx is normalized to a positive cash outflow. Basket growth is sum(current LTM) ÷ sum(prior-year LTM) − 1 using exactly the same companies in both legs. Current GICS classifications are backcast over point-in-time ACWI membership for consistency with the consensus dashboards.