Callouts & quotes from 1,434+ activist slides

"Peroxides is a high margin business and generates a lot of cash."

"ADP's SMB should approximate Paychex's ~41% operational margins"

"Shrinking operating profits and margin well below WSP's margins"

"14 Years of margin improvements totaling approximately 1,200bps"

"We believe an EBIT margin target of at least 40% is reasonable."

"Claim of Boosting Margins by Reducing Feed Costs Lacks Credence"

"Margin has Expanded & Cash Flow Nearly Doubled in Last 3 Years"

"OIBDA Margin in Int'l Physical is 18% vs. 44% in NOAM Physical"

"Operating margins of at least 25% by 2014 (versus 16% in 2011)"

"Expanded EBITDA margins: From 8% in 2011 to 19% in LTM 9/30/14"

"Trulieve sports unbelievable gross margins of 130% on average."

"We believe AAP can close the vast majority of this margin gap"

"Huntsman's margin deficit versus peers has WORSENED over time"

"Huntsman's margin deficit versus peers has WORSENED over time"

"Huntsman's margin deficit versus peers has WORSENED over time"

"Huntsman’s margin deficit versus peers has WORSENED over time"

"Huntsman's margin deficit versus peers has WORSENED over time"

"Our thesis was that Peloton should have much better margins."

"Solventum’s margin deterioration would rank as the 3rd worst"

"Kao significantly overpaid for Margin Dilutive Bondi Sands"

"Operating margins would have been near 0 w/out the benefit"

"They could cannibalize existing higher margin K-cup sales"

"We Have Significantly Expanded Margins In Core Operations"

"Low gross-margin mindset in a high gross-margin business"

"Since 2010, EBITDA and EBIT margins are essentially flat"

"Significantly lower than 2005 Superstore margins of 9.6%"

"Expanded EBITDA margins: From 8% in 2011 to 20% in 2014"

"Expanded EBITDA margins: From 8% in 2011 to 20% in 2014"

"Expanded EBITDA margins: From 8% in 2011 to 20% in 2014"

"Expanded EBITDA margins: From 8% in 2011 to 20% in 2014"

"Vertiv has an opportunity to more than double margins."

"...and NFLX EBIT margins are ~4,000bps higher than DIS"

"Such Improvements Could Add ~10% to Operating Margins"

"Cleaner Inventory & Assortment = +200bps Gross Margin"

"The Company has Led a Staggering Decline of Margins"

"And what happened to the intended margin leverage?"

"Wix’s margins are significantly lower than peers."

"Multiple quarters of Y-o-Y margin contraction"

"EBT margins have declined ~480bps since 2006"

"12.0 percentage points EBIT margin expansion"

"...despite below average growth and margins"

"BELOW peer median driven by LOWER MARGINS"

"Operating margin of at least 25% by 2014"

"Improvement in Services EBIT margins..."

"Tom Pike increased margins by ~425bps!"

"Tom Pike increased margins by ~425bps!"

"Tom Pike increased margins by ~425bps!"

"Tom Pike increased margins by ~425bps!"

"Restoration of Best-in-Class Margins"

"36% consolidated margins in 2015"

"Significant Margin Opportunity"

"1,000bp+ increase in margins!"

"Average EBIT Margin: 15.5%(2)"

"1,000bp+ increase in margins!"