Callouts & quotes from 1,434+ activist slides

"Arconic’s EPS business missed sales and profit targets by an enormous margin"

"We think that Twist has every motive to fabricate its reported gross margin."

"Excluding the ethylene spread PTOI was flat and margins only expanded ~58bps"

"Excluding the ethylene spread PTOI was flat and margins only expanded ~58bps"

"Excluding the ethylene spread PTOI was flat and margins only expanded ~58bps"

"Excluding the ethylene spread PTOI was flat and margins only expanded ~58bps"

"Excluding the ethylene spread PTOI was flat and margins only expanded ~58bps"

"Disney’s DTC EBIT margins are 2,200bps lower than Netflix at the same scale"

"PepsiCo EBIT margin before advertising expense is well below the peer group"

"Disney's DTC EBIT margins are 2,200bps lower than Netflix at the same scale"

"ADP’s Reported Employer Services Margins in its SEC Filings are Overstated"

"Compelling medium-term opportunity to reach ~8% TICO EBIT margin by FY3/29"

"Many products with low revenue yields have very high contribution margins."

"Unfortunately, volumes have not stabilized and margins have also regressed"

"We believe APD’s EBIT margins (16%) can approach comparable Praxair (22%)"

"“Margin Gap with PCC is Structural”: Management Failed Year after Year..."

"Disney should commit publicly to a 15-20% operating margin target by 2027"

"Phillips 66 has worse gross margins than VLO & MPC in almost every region"

"We believe APD’s EBIT margins (16%) can approach comparable Praxair (22%)"

"Phillips 66 has worse gross margins than VLO & MPC in almost every region"

"AMT needs to pay more money each year to drive higher EBITDA and margins."

"Disney should commit publicly to a 15-20% operating margin target by 2027"

"Profit margins expanded 370bps in 2024 driven by disciplined cost control"

"EBITDA margins have contracted 470 bps with cash SG&A margin up 320 bps."

"Under KKR’s ownership, Dollar General has dramatically improved margins"

"High margin physical storage business generates ~80% of total IRM OIBDA"

"Direct Peers have all grown operating margins while GCP's have declined"

"RINO’s gross margins are far in excess of those of the industry leader."

"Direct Peers have all grown operating margins while GCP's have declined"

"We observe that since 2016, Stryker's SG&A margin is largely unchanged."

"Box may have an opportunity to significantly improve its gross margins"

"Retail margins: Margin contraction despite significant growth in scale"

"We believe BILL has best-in-class gross margins, ahead of peer median."

"Target of growth + margin of only 42% vs. current peer average of ~50%"

"Across the portfolio, International margins should be mid-20s% to 30%"

"Gross margin has transitioned from mostly positive to mostly negative"

"Gross margin has transitioned from mostly positive to mostly negative"

"OR at time of acquisition was ~70%; should have been margin accretive"

"“roughly in line... with our overall margin profile” — ADP management"

"Gross margin contracted during a period of increasing price per seat"

"$1.23B of “cost cuts” but only 30 bps or ~$30M of margin improvement"

"Goodyear is the #1 North American tire manufacturer by a wide margin"

"Enormous margin opportunity from ~19% to mid-to-high-30s% potential"

"We believe Autodesk has a significant opportunity to expand margins"

"Management’s $7.5bn 2016 EBITDA guidance implies ~57% EBITA margins"

"GCP has failed to meet its revenue growth targets by a wide margin."

"GCP failed to meet its cost reduction and operating margin targets."

"We believe Autodesk has a significant opportunity to expand margins"

"How is Genius' growth outpacing competitors by such a wide margin?"

"We believe our 24% EBIT margin estimate for P&G is very achievable"

"Fortrea’s adjusted EBITDA margins are well below the peer median."

"Fortrea’s adjusted EBITDA margins are well below the peer median."

"Fortrea’s adjusted EBITDA margins are well below the peer median."

"Fortrea’s adjusted EBITDA margins are well below the peer median."

"Gross margin contracted during a period of improving revenue mix"

"We believe Kronos is poised to achieve long-term margins of ~40%"

"We note how often the CFO projects gross margins of 60% or more."

"Despite advantages, State Street generates little margin benefit"

"We believe a large margin expansion opportunity exists at Splunk"

"Street estimates show margin gap persisting at NSC through 2026."