CMS, 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 CMS 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 | |
|---|---|---|---|---|---|
| 2016 → 2017 | 1.00 | +6970 | -6688 | 6970 words | Diff → |
| 2017 → 2019 | 1.00 | +6517 | -6970 | 6517 words | Diff → |
| 2019 → 2020 | 0.99 | +5457 | -6517 | 5457 words | Diff → |
| 2020 → 2021 | 1.00 | +5655 | -5457 | 5655 words | Diff → |
| 2021 → 2022 | 1.00 | +1884 | -1891 | 5648 words | Diff → |
| 2022 → 2023 | 1.00 | +2588 | -2582 | 5654 words | Diff → |
| 2023 → 2024 | 1.00 | +3244 | -2669 | 6229 words | Diff → |
| 2024 → 2025 | 1.00 | +3106 | -2679 | 6656 words | Diff → |