CompanyGraph
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What CompanyGraph is

Companies, and the claims that hold them together

CompanyGraph is a system that turns financial evidence into bounded claims about how companies hold together. Instead of presenting numbers in isolation, it looks for relationships that reveal something structurally important. High return on equity alongside high debt, for example, may show strong returns to shareholders within a company that has less financial flexibility. CompanyGraph makes patterns like this visible on company pages and searchable, filterable and measurable across the market.

14,093 companies, 144 industries and 7 coordination roles, open to anyone who arrives.

TERMSfiled, then checkedOBSERVATIONSrecomputed separatelyINTERPRETATIONSbacked by its observationsCOMPANIESREPORTSclaims keep their workingReturn on equityDebt to equityEquity multiplierPrice to bookFree cash flowMarket capReturn on equityabove its industryDebt to equityabove its industryEquity multiplierassets over equityan interpretationone claim, two companiesAppleNVIDIACOMPANY REPORTAppleagainst its industryevidence attachedCOMPARISONApple vs NVIDIAagainst its industryevidence attachedwritten from the claimsthat survived checkingsummaries are free to read.membership opens the whole library.SEARCHsearch any of these three,and it returns the companiesfree to a limit, unlimited with membershipTERMSOBSERVATIONSINTERPRETATIONSCOMPANIESREPORTSReturn on equityDebt to equityEquity multiplierReturn on equityabove its industryDebt to equityabove its industryEquity multiplierassets over equityone claim, two companiesAppleNVIDIACOMPANY REPORTAppleagainst its industryevidence attachedCOMPARISONApple vs NVIDIAagainst its industryevidence attachedSEARCHsearch any level

The interpretation on the left is real. Return on equity above its industry, debt to equity above its industry, and a high equity multiplier together read as: return on equity reads high on a balance sheet carrying a lot of debt against that equity. That is a description of a structure, not a verdict on it.

A financial term. A reported or derived figure, on its own.
An observation. One term placed against a yardstick and bounded. It says what is, never what will be.
An interpretation. What several observations mean when they line up together.
A company. Claims attach to it. It does not own them.
A report. A written document, built only from claims that survived checking. The corner dot marks a comparison.
Search. It enters at any of the three claim levels and hands back the companies standing on them.

What membership adds

The library, and your credits

A report is a long-form structural reading of one company, synthesised from evidence already verified. You never write one. Every report a member synthesises joins a single shared library, and every member reads all of it.

EVERYONE’SYOURS2 reports in the library right nowthe fade says the drawing is an excerpt, the number says what is real10 on joining, +1 each active monthunspent, and they wait indefinitelyone credit, one reportand it lands in everyone’sYOURS10 on joining, +1 each active monthunspent, and they wait indefinitelyone credit, one reportand it lands in everyone’sEVERYONE’S2 reports right nowthe fade says this is an excerpt
A report. Every member reads every one of them.
One you synthesised. It is yours, and it is everyone’s.
A comparison of two to five companies. The dot is the kind, the colour is the owner.
An unspent credit. Dashed, because nothing is pressing it.

Free account

No charge, and no card

An email address gets you:

  • Every company page, industry and coordination role
  • Two to five companies side by side, or one company against its own industry
  • The price tab on every company page5 structural lenses, 40 indicator panels, 89 price observations.
  • The screener, with every filter and every observation to filter on10 searches a month, and the first page of whatever matches.
  • The observation trust ledger and the corrections record
  • Every report's summary and the evidence sheet under it
  • The glossary, the method pages and everything written about how it works

Member

€90 the first year, then €60 a year

Everything in a free account, and:

  • Read every report in the shared library, in fullIt grows whenever any member synthesises one.
  • Synthesise the ones that are missingIt opens with 10 credits and adds one an active month, so 21 in the first year and 12 a year after. One credit a report.
  • Compare two to five companies as a reportOne credit flat, including any single-company reports it has to write first.
  • Ask one question per report, answered against the whole company context
  • Copy a company for your own AIA layer-labelled export of what CompanyGraph knows about it.
  • Search without a limitEvery company that matches, not the first page of them, and grouped by coordination, role, shared interpretation or industry.
  • More credits when you want them: 5 for €25, 25 for €80

Credits do not expire. Reports you synthesised stay readable to you, member or not. One membership, no feature tiers, cancel any time from your account.

What it costs

€90the first year, then €60 a year.
Become a member

Payment is handled by Stripe. Cancel any time from your account.

What holds it up

Nothing here is asked to be taken on trust

Every level of the graph rests on something, and it is a different something each time. This is what sits underneath each one. Today 214 of 220 observations reproduce, and the ones that do not are named.

Under a termReturn on equityA reported figureand the fiscal year it belongs to

It was filed, imported, and put through the checks

The company published it. A data provider imported it. Before CompanyGraph computes anything from it, it has to survive rules that a real filing cannot break.

Current plus non-current assets equal total assetsbalance sheet
Current plus non-current liabilities equal total liabilitiesbalance sheet
Accumulated depreciation is carried negative, as a contra-accountsign
A margin agrees with the components it is made ofcross-field
The three statements agree on scalewithheld

A year that fails goes whole. The provider mis-scales income, balance sheet and cash flow together, so a single line cannot be repaired on its own. The fiscal year is withheld and the page says so, rather than quietly serving four fifths of it.

Under an observationReturn on equity above its industryone measured quantity

Separate code re-derives it and has to reach the same answer

The engine scores the observation. A second implementation, written independently, recomputes it from the company's own reported figures. If the two disagree, the observation is marked untrusted.

The engine said0.3142scored during the sweep
=
The verifier recomputed0.3142net income over shareholders’ equity, from the stored inputs

Different code, on purpose. A checker that shares the claim-maker’s code proves only that it agrees with itself. Independence is the entire value of the check, so the two implementations are never allowed to be unified.

the claimthe inputs it usedthe arithmetic, step by stepthe date of the figuresthe result

Kept as a durable record, so the check can be re-read later rather than re-trusted. Change the formula and the trust resets to nothing and has to be earned again.

Under an interpretationElevated ROE with high debt to equityseveral observations, lining up

It has no evidence of its own

An interpretation is not measured. It stands entirely on the observations that fired underneath it, and it is published together with the things it is not entitled to say.

Return on equity above its industryDebt to equity above its industryEquity multiplier

What it does not say

  • That the leverage is inappropriate
  • That financial distress is coming
  • That the company should deleverage
  • Whether the equity multiplier is unusual for this industry
  • How much of the return comes from operations rather than leverage, because no observation in the set can separate them

Those limits are written with the interpretation, not added afterwards, and they travel with it wherever it appears.

Under a reportA written reportone company, or several

Only claims that reproduced are allowed in

The writer never sees a raw firing. It is handed verified claims, each with its status, its arithmetic and the date of the figures behind it.

Return on equity above its industryreproducible
Debt to equity above its industryreproducible
Equity multiplierreproducible
Cash conversion above its industryaudited only
Reinvestment rateuntrusted
the gate

What the writer receives

claim
Return on equity above its industry
status
reproducible
working
net income over shareholders’ equity, 0.3142
as of
the 2024 filing

Never a raw firing.

The two that were stopped are not hidden. They still appear on the company page, labelled with exactly how far they have been checked. They simply never become sentences in a report.

What it costs

€90the first year, then €60 a year.
Become a member

Payment is handled by Stripe. Cancel any time from your account.