ADP, risk-factor evolution
Item 1A (Risk Factors) year-over-year changes. Pre-computed at ingest time: paragraph adds/removes plus term-frequency cosine similarity between consecutive years.
📞 Earnings calls for ADP on Subtext ↗Section length over time
- Carried over
- Newly added
Item 1A word count by fiscal year, split into text carried over from the prior year vs. newly added (from year-over-year diffs).
Year-over-year transitions
| Years | Similarity | Added | Removed | Section length | |
|---|---|---|---|---|---|
| 2015 → 2016 | 1.00 | +3583 | -3117 | 3583 words | Diff → |
| 2016 → 2017 | 1.00 | +3936 | -3583 | 3936 words | Diff → |
| 2017 → 2018 | 1.00 | +4574 | -3936 | 4574 words | Diff → |
| 2018 → 2019 | 0.99 | +4408 | -4574 | 4408 words | Diff → |
| 2019 → 2020 | 1.00 | +4799 | -4408 | 4799 words | Diff → |
| 2020 → 2021 | 1.00 | +5078 | -4799 | 5078 words | Diff → |
| 2021 → 2022 | 1.00 | +3691 | -3472 | 5297 words | Diff → |
| 2022 → 2023 | 1.00 | +4126 | -3329 | 6094 words | Diff → |
| 2023 → 2024 | 1.00 | +4318 | -3959 | 6453 words | Diff → |
| 2024 → 2025 | 1.00 | +5132 | -4961 | 6624 words | Diff → |