Callouts & quotes from 1,047+ activist slides

"2010 margins impacted by acquisition of lower margin business during fiscal year."

"Best-in-class margin target is still below levels Southwest historically achieved"

"Best-in-class margin target is still below levels Southwest historically achieved"

"We believed APD’s EBIT margins (15.5%) could approach comparable Praxair (22.5%)"

"We believed APD’s EBIT margins (15.5%) could approach comparable Praxair (22.5%)"

"Improved labor efficiency will improve margins and enhance the guest experience"

"DuPont's EBITDA margins have lagged peers in 5 of 7 segments (~64% of revenues)"

"DuPont’s EBITDA margins have lagged peers in 5 of 7 segments (~64% of revenues)"

"Huntsman operates at a significant Adjusted EBITDA margin deficit to its peers."

"Huntsman operates at a significant Adjusted EBITDA margin deficit to its peers."

"Huntsman operates at a significant Adjusted EBITDA margin deficit to its peers."

"DuPont’s EBITDA margins have lagged peers in 5 of 7 segments (~64% of revenues)"

"DuPont’s EBITDA margins have lagged peers in 5 of 7 segments (~64% of revenues)"

"Uber’s current EBITDA margin of 4% is just over half of its 7% long-term target"

"Uber's current EBITDA margin of 4% is just over half of its 7% long-term target"

"DuPont’s EBITDA margins have lagged peers in 5 of 7 segments (~64% of revenues)"

"They ship something and they know that it's consuming all the margin they have."

"At scale, when growth slows, Ultimate's structural margins should be 32% - 40%"

"After missing its prior margin targets, Autodesk tried to buy itself more time"

"Between 2014 – 2018, Amgen successfully improved operating margins by 1,500bps"

"By under-reserving for bad debts, FND may be overstating revenues and margins."

"Amdocs shows less variation in its margin from 2013-2018 by over a factor of 5"

"Absent these unexplained savings, segment margins declined from 16.9% to 9.1%."

"Margins have been stuck at ~21% but should be higher given $1bn+ revenue scale"

"Historical 650 bps+ operating margin gap to comparable Praxair could be closed"

"After missing its prior margin targets, Autodesk tried to buy itself more time"

"Historical 650 bps+ operating margin gap to comparable Praxair could be closed"

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

"Reported financials have overstated margins due to a lack of transfer pricing"

"Over time, we believe Vertiv can reach 20% adjusted operating profit margins."

"SGH has obfuscated the margins of its segments through simple non-disclosure."

"We Believe There is a Substantial Margin Improvement Opportunity at Autodesk"

"Consistently lowest transportation segment operating profit margin vs. peers"

"Goodyear has consistently lowered and pushed out margin improvement promises"

"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"