InMode Ltd. (INMD)
Every figure this model derived for INMD, the value it took, and the element in the company's own XBRL it was read from — so any of it can be checked against the filing rather than taken on trust. As at 2025-12-31.
The figures, and where each came from
This is the part no other screener shows. Each figure below names the XBRL element it was read from, so it can be checked against the filing itself.
| Figure | Value | XBRL tag | As at |
|---|---|---|---|
| capex | 972,000 | PaymentsToAcquirePropertyPlantAndEquipment |
2025-12-31 |
| cash | 386,175,000 | CashAndCashEquivalentsAtCarryingValue |
2025-12-31 |
| current assets | 698,621,000 | AssetsCurrent |
2025-12-31 |
| current liabilities | 70,744,000 | LiabilitiesCurrent |
2025-12-31 |
| equity | 683,198,000 | StockholdersEquity |
2025-12-31 |
| ocf | 85,257,000 | NetCashProvidedByUsedInOperatingActivities |
2025-12-31 |
| revenue | 370,495,000 | Revenues |
2025-12-31 |
| sbc | 11,131,000 | ShareBasedCompensation |
2025-12-31 |
The ratios
The figures themselves rather than their scores — what somebody looking up INMD on one particular measure came for.
| Ratio | Value |
|---|---|
| cash operating margin | 26.24 |
| current ratio | 11.91 |
| current ratio reported | 9.88 |
| deferred revenue growth | -27.82 |
| dilution pct | -18.81 |
| ebit cagr | -15.5 |
| ebit yoy | -24.12 |
| ev ebit | 6.07 |
| ev owner earnings | 7.09 |
| ev sales | 1.4 |
| fcf margin | 22.75 |
| growth cv | 1.95 |
| operating margin | 23.05 |
| owner earnings margin | 19.74 |
| revenue growth | -6.16 |
| revenue growth per share | 15.58 |
| roic | 22.71 |
| rule of 40 | 16.89 |
| sbc pct revenue | 3.0 |
Everything else this filing tags
193 more elements from INMD's own XBRL that this model has no measure for, newest reading each, largest first. Nothing here is converted, added up or renamed — it is the filing's own element names and the filing's own numbers.
| Element | Newest | As of | Periods | Unit |
|---|---|---|---|---|
RetainedEarningsAccumulatedDeficit | 968,532,000 | 2025-12-31 | 14 | USD |
Assets | 766,429,000 | 2025-12-31 | 14 | USD |
LiabilitiesAndStockholdersEquity | 766,429,000 | 2025-12-31 | 14 | USD |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest | 683,198,000 | 2025-12-31 | 28 | USD |
TreasuryStockValue | 495,269,000 | 2025-12-31 | 11 | USD |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents | 302,543,000 | 2025-12-31 | 16 | USD |
GrossProfit | 290,970,000 | 2025-12-31 | 21 | USD |
OperatingLossCarryforwards | 217,000,000 | 2023-12-31 | 4 | USD |
AdditionalPaidInCapitalCommonStock | 209,615,000 | 2025-12-31 | 14 | USD |
OperatingExpenses | 205,583,000 | 2025-12-31 | 21 | USD |
ComprehensiveIncomeNetOfTax | 203,733,000 | 2023-12-31 | 15 | USD |
CommonStockSharesAuthorized | 200,000,000 | 2025-12-31 | 18 | shares |
NetIncomeLoss | 197,919,000 | 2023-12-31 | 15 | USD |
NetCashProvidedByUsedInInvestingActivities | 186,032,000 | 2025-12-31 | 21 | USD |
SellingAndMarketingExpense | 180,578,000 | 2025-12-31 | 21 | USD |
DepositsAssetsCurrent | 169,159,000 | 2025-12-31 | 14 | USD |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect | 147,214,000 | 2025-12-31 | 18 | USD |
PaymentsForRepurchaseOfCommonStock | 127,444,000 | 2025-12-31 | 15 | USD |
NetCashProvidedByUsedInFinancingActivities | -126,059,000 | 2025-12-31 | 21 | USD |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest | 110,330,000 | 2025-12-31 | 15 | USD |
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest | 94,240,000 | 2025-12-31 | 21 | USD |
ProfitLoss | 93,831,000 | 2025-12-31 | 21 | USD |
CommonStockSharesIssued | 88,333,753 | 2025-12-31 | 14 | shares |
OperatingIncomeLoss | 85,387,000 | 2025-12-31 | 21 | USD |
AvailableForSaleSecuritiesDebtMaturitiesSingleMaturityDate | 83,632,000 | 2025-12-31 | 14 | USD |
MarketableSecuritiesCurrent | 83,632,000 | 2025-12-31 | 14 | USD |
AvailableForSaleDebtSecuritiesAmortizedCostBasis | 83,542,000 | 2025-12-31 | 12 | USD |
Liabilities | 83,231,000 | 2025-12-31 | 14 | USD |
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue | 82,785,000 | 2025-12-31 | 14 | USD |
CostOfRevenue | 79,525,000 | 2025-12-31 | 21 | USD |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments | 76,132,000 | 2020-12-31 | 6 | USD |
InventoryNet | 74,050,000 | 2025-12-31 | 14 | USD |
StockIssuedDuringPeriodValueNewIssues | 69,794,000 | 2019-12-31 | 3 | USD |
ProceedsFromIssuanceInitialPublicOffering | 69,784,000 | 2019-12-31 | 4 | USD |
AssetsNoncurrent | 67,808,000 | 2025-12-31 | 14 | USD |
WeightedAverageNumberOfDilutedSharesOutstanding | 65,444,540 | 2025-12-31 | 21 | shares |
WeightedAverageNumberOfSharesOutstandingBasic | 64,632,820 | 2025-12-31 | 21 | shares |
CommonStockSharesOutstanding | 63,358,750 | 2025-12-31 | 14 | shares |
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance | -60,129,000 | 2024-12-31 | 19 | USD |
DeferredTaxAssetsGross | 58,000,000 | 2025-12-31 | 14 | USD |
DeferredIncomeTaxAssetsNet | 53,230,000 | 2025-12-31 | 14 | USD |
DeferredTaxAssetsNet | 53,230,000 | 2025-12-31 | 15 | USD |
DeferredTaxAssetsOperatingLossCarryforwards | 52,623,000 | 2025-12-31 | 14 | USD |
AccountsReceivableGross | 48,251,000 | 2025-12-31 | 14 | USD |
InventoryFinishedGoods | 46,863,000 | 2025-12-31 | 14 | USD |
AccountsAndNotesReceivableNet | 46,509,000 | 2025-12-31 | 14 | USD |
AccountsReceivableNetCurrent | 43,504,000 | 2025-12-31 | 14 | USD |
OtherLiabilitiesCurrent | 40,739,000 | 2025-12-31 | 14 | USD |
SignificantSupplyCommitmentRemainingMinimumAmountCommitted | 33,483,000 | 2025-12-31 | 7 | USD |
InventoryRawMaterials | 27,187,000 | 2025-12-31 | 14 | USD |
OtherReceivablesNetCurrent | 25,733,000 | 2025-12-31 | 14 | USD |
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate | 25,376,000 | 2025-12-31 | 21 | USD |
TreasuryStockCommonShares | 24,975,003 | 2025-12-31 | 6 | shares |
InvestmentIncomeNet | 24,943,000 | 2025-12-31 | 21 | USD |
PaymentsToAcquireMarketableSecurities | 20,877,000 | 2025-12-31 | 21 | USD |
CashAndCashEquivalentsPeriodIncreaseDecrease | 20,006,000 | 2019-12-31 | 3 | USD |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAdjustedBalance1 | 19,453,000 | 2018-12-31 | 1 | USD |
EmployeeRelatedLiabilitiesCurrent | 18,157,000 | 2025-12-31 | 14 | USD |
AccountsPayableCurrent | 17,912,000 | 2025-12-31 | 14 | USD |
ContractWithCustomerLiabilityRevenueRecognized | -17,576,000 | 2025-12-31 | 14 | USD |
StockRepurchasedDuringPeriodValue | 17,218,000 | 2020-12-31 | 1 | USD |
ProceedsFromSaleAndMaturityOfMarketableSecurities | 17,214,000 | 2025-12-31 | 21 | USD |
IncomeTaxExpenseBenefit | 16,499,000 | 2025-12-31 | 21 | USD |
ContractWithCustomerLiability | 15,136,000 | 2025-12-31 | 21 | USD |
IncomeTaxesPaidNet | 14,867,000 | 2025-12-31 | 21 | USD |
NoncurrentAssets | 14,578,000 | 2025-12-31 | 14 | USD |
IncreaseDecreaseInInventories | 14,502,000 | 2025-12-31 | 21 | USD |
CurrentIncomeTaxExpenseBenefit | 13,566,000 | 2025-12-31 | 21 | USD |
ResearchAndDevelopmentExpense | 13,319,000 | 2025-12-31 | 21 | USD |
LiabilitiesNoncurrent | 12,487,000 | 2025-12-31 | 14 | USD |
ContractWithCustomerLiabilityCurrent | 12,093,000 | 2025-12-31 | 14 | USD |
GeneralAndAdministrativeExpense | 11,686,000 | 2025-12-31 | 21 | USD |
AllocatedShareBasedCompensationExpense | 11,131,000 | 2025-12-31 | 21 | USD |
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue | 11,131,000 | 2025-12-31 | 12 | USD |
AdvertisingExpense | 11,000,000 | 2025-12-31 | 12 | USD |
AccruedLiabilitiesCurrent | 10,000,000 | 2018-12-31 | 2 | USD |
IncreaseDecreaseInAccruedLiabilities | -10,000,000 | 2019-12-31 | 5 | USD |
PaymentsForAdvanceToAffiliate | 9,914,000 | 2023-12-31 | 1 | USD |
LesseeOperatingLeaseLiabilityPaymentsDue | 8,778,000 | 2025-12-31 | 7 | USD |
OperatingLeaseRightOfUseAsset | 8,274,000 | 2025-12-31 | 13 | USD |
OperatingLeaseLiability | 8,227,000 | 2025-12-31 | 13 | USD |
PropertyPlantAndEquipmentGross | 7,479,000 | 2025-12-31 | 14 | USD |
IncreaseDecreaseInAccountsReceivable | 7,452,000 | 2025-12-31 | 21 | USD |
PaymentsOfStockIssuanceCosts | 7,216,000 | 2020-12-31 | 3 | USD |
StockRepurchasedDuringPeriodShares | 6,950,000 | 2025-12-31 | 14 | shares |
OperatingLeaseLiabilityNoncurrent | 5,008,000 | 2025-12-31 | 13 | USD |
IncreaseDecreaseInContractWithCustomerLiability | -4,955,000 | 2025-12-31 | 21 | USD |
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment | 4,880,000 | 2025-12-31 | 14 | USD |
DeferredTaxAssetsValuationAllowance | 4,770,000 | 2025-12-31 | 17 | USD |
InterestIncomeExpenseNet | 4,714,000 | 2023-12-31 | 3 | USD |
OtherLiabilitiesNoncurrent | 4,436,000 | 2025-12-31 | 14 | USD |
UnrecognizedTaxBenefits | 4,436,000 | 2025-12-31 | 20 | USD |
IncreaseDecreaseInAccountsPayable | 4,129,000 | 2025-12-31 | 21 | USD |
DeferredTaxAssetsOther | 3,963,000 | 2025-12-31 | 14 | USD |
OperatingLeasePayments | 3,758,000 | 2025-12-31 | 16 | USD |
OtherAssetsNoncurrent | 3,705,000 | 2025-12-31 | 6 | USD |
IncreaseDecreaseInOtherReceivables | 3,678,000 | 2025-12-31 | 21 | USD |
OperatingLeaseCost | 3,655,000 | 2025-12-31 | 16 | USD |
OtherAccruedLiabilitiesCurrent | 3,535,000 | 2025-12-31 | 14 | USD |
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths | 3,482,000 | 2025-12-31 | 7 | USD |
AllowanceForDoubtfulAccountsReceivable | 3,227,000 | 2025-12-31 | 20 | USD |
OperatingLeaseLiabilityCurrent | 3,219,000 | 2025-12-31 | 5 | USD |
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo | 3,137,000 | 2025-12-31 | 7 | USD |
ContractWithCustomerLiabilityNoncurrent | 3,043,000 | 2025-12-31 | 14 | USD |
AccountsReceivableNetNoncurrent | 3,005,000 | 2025-12-31 | 14 | USD |
DeferredIncomeTaxExpenseBenefit | 2,933,000 | 2025-12-31 | 21 | USD |
DeferredIncomeTaxesAndTaxCredits | 2,928,000 | 2025-12-31 | 21 | USD |
IncomeTaxesReceivable | 2,894,000 | 2021-12-31 | 4 | USD |
BusinessCombinationConsiderationTransferred1 | 2,700,000 | 2020-11-11 | 1 | USD |
PropertyPlantAndEquipmentNet | 2,599,000 | 2025-12-31 | 14 | USD |
AllowanceForDoubtfulAccountsReceivableCurrent | 2,371,000 | 2025-12-31 | 12 | USD |
MinorityInterestDecreaseFromRedemptions | 2,317,000 | 2019-12-31 | 5 | USD |
RedeemableNoncontrollingInterestEquityCarryingAmount | 2,187,000 | 2018-12-31 | 1 | USD |
RedeemableNoncontrollingInterestEquityRedemptionValue | 2,187,000 | 2018-12-31 | 5 | USD |
IncreaseDecreaseInOtherOperatingLiabilities | 2,163,000 | 2025-12-31 | 21 | USD |
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations | 1,984,000 | 2025-12-31 | 12 | USD |
TreasuryStockShares | 1,975,003 | 2022-12-31 | 5 | shares |
MinorityInterestChangeInRedemptionValue | 1,729,000 | 2017-12-31 | 1 | USD |
MinorityInterest | 1,512,000 | 2020-12-31 | 5 | USD |
StandardProductWarrantyAccrualWarrantiesIssued | 1,489,000 | 2025-12-31 | 21 | USD |
NotesReceivableGross | 1,485,000 | 2025-12-31 | 14 | USD |
StockIssuedDuringPeriodValueStockOptionsExercised | 1,458,000 | 2025-12-31 | 21 | USD |
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost | 1,435,000 | 2025-12-31 | 14 | USD |
ProceedsFromStockOptionsExercised | 1,385,000 | 2025-12-31 | 21 | USD |
DeferredTaxAssetsLiabilitiesNet | 1,334,000 | 2021-12-31 | 6 | USD |
OperatingLeasesFutureMinimumPaymentsDue | 1,315,000 | 2019-12-31 | 1 | USD |
TaxAdjustmentsSettlementsAndUnusualProvisions | 1,300,000 | 2024-12-31 | 3 | USD |
StandardProductWarrantyAccrualPayments | 1,280,000 | 2025-12-31 | 21 | USD |
LesseeOperatingLeaseLiabilityPaymentsDueYearThree | 1,227,000 | 2025-12-31 | 7 | USD |
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions | 1,080,000 | 2025-12-31 | 14 | USD |
StockIssuedDuringPeriodSharesStockOptionsExercised | 1,003,409 | 2024-12-31 | 2 | shares |
StandardProductWarrantyAccrual | 931,000 | 2025-12-31 | 28 | USD |
DeferredOfferingCosts | 895,000 | 2018-12-31 | 1 | USD |
AllowanceForDoubtfulAccountsReceivableNoncurrent | 856,000 | 2025-12-31 | 8 | USD |
OtherReceivablesGrossCurrent | 781,000 | 2025-12-31 | 10 | USD |
AccruedIncomeTaxesCurrent | 761,000 | 2025-12-31 | 14 | USD |
SeveranceCosts1 | 731,000 | 2025-12-31 | 21 | USD |
OtherInvestments | 700,000 | 2025-12-31 | 13 | USD |
DepreciationDepletionAndAmortization | 695,000 | 2025-12-31 | 21 | USD |
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber | 628,090 | 2024-12-31 | 2 | shares |
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber | 628,090 | 2024-12-31 | 4 | shares |
PaymentsToAcquireOtherInvestments | 600,000 | 2019-12-31 | 3 | USD |
EffectOfExchangeRateOnCashAndCashEquivalents | -559,000 | 2021-12-31 | 9 | USD |
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount | 551,000 | 2025-12-31 | 7 | USD |
LesseeOperatingLeaseLiabilityPaymentsDueYearFour | 514,000 | 2025-12-31 | 3 | USD |
StockIssuedDuringPeriodSharesNewIssues | 500,000 | 2019-08-31 | 3 | shares |
IncreaseDecreaseInFinanceReceivables | -498,000 | 2025-12-31 | 6 | USD |
ProvisionForDoubtfulAccounts | 454,000 | 2025-12-31 | 21 | USD |
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive | 418,000 | 2025-12-31 | 5 | USD |
OtherComprehensiveIncomeLossNetOfTax | 409,000 | 2025-12-31 | 21 | USD |
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax | 409,000 | 2025-12-31 | 21 | USD |
IncomeTaxReconciliationChangeInEnactedTaxRate | 406,000 | 2017-12-31 | 1 | USD |
OperatingLeasesFutureMinimumPaymentsDueInThreeYears | 405,000 | 2019-12-31 | 1 | USD |
OperatingLeasesFutureMinimumPaymentsDueInTwoYears | 399,000 | 2019-12-31 | 1 | USD |
OperatingLeasesFutureMinimumPaymentsDueCurrent | 392,000 | 2019-12-31 | 1 | USD |
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax | 316,000 | 2019-12-31 | 1 | USD |
UnrealizedGainLossOnInvestments | -291,000 | 2018-12-31 | 2 | USD |
CommonStockValue | 251,000 | 2025-12-31 | 14 | USD |
OperatingLeasesFutureMinimumPaymentsDueInFourYears | 119,000 | 2019-12-31 | 1 | USD |
DeferredIncomeTaxLiabilities | 106,000 | 2020-12-31 | 5 | USD |
DeferredTaxLiabilitiesOtherComprehensiveIncome | 106,000 | 2020-12-31 | 5 | USD |
AccumulatedOtherComprehensiveIncomeLossNetOfTax | 69,000 | 2025-12-31 | 14 | USD |
SharesIssued | 62,457 | 2020-11-11 | 2 | shares |
DeferredIncomeTaxLiabilitiesNet | 37,000 | 2019-12-31 | 3 | USD |
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentBeforeTaxPortionAttributableToParent | -34,000 | 2019-12-31 | 6 | USD |
AllowanceForDoubtfulAccountsReceivableWriteOffs | -24,000 | 2025-12-31 | 9 | USD |
DeferredTaxAssetsOtherComprehensiveLoss | -21,000 | 2025-12-31 | 9 | USD |
LossOnSaleOfInvestments | 15,000 | 2025-12-31 | 6 | USD |
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod | 6,996 | 2024-12-31 | 1 | shares |
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice | 10 | 2024-12-31 | 1 | USD/shares |
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice | 9 | 2024-12-31 | 2 | USD/shares |
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice | 9 | 2024-12-31 | 4 | USD/shares |
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice | 3 | 2024-12-31 | 2 | USD/shares |
EarningsPerShareBasic | 1 | 2025-12-31 | 21 | USD/shares |
EarningsPerShareDiluted | 1 | 2025-12-31 | 21 | USD/shares |
ConcentrationRiskPercentage1 | 1 | 2020-12-31 | 3 | pure |
NumberOfOperatingSegments | 1 | 2023-12-31 | 1 | Segment |
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate | 0 | 2025-12-31 | 22 | pure |
EffectiveIncomeTaxRateReconciliationDeductionsDividends | 0 | 2021-12-31 | 3 | pure |
OperatingLeaseWeightedAverageDiscountRatePercent | 0 | 2025-12-31 | 8 | pure |
CommonStockParOrStatedValuePerShare | 0 | 2025-12-31 | 23 | ILS/shares |
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest | 0 | 2023-12-31 | 14 | USD |
GainLossOnInvestments | 0 | 2023-12-31 | 15 | USD |
IncomeTaxReconciliationPriorYearIncomeTaxes | 0 | 2022-12-31 | 9 | USD |
NetIncomeLossAttributableToNoncontrollingInterest | 0 | 2023-12-31 | 14 | USD |
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod | 0 | 2024-12-31 | 5 | shares |
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions | 0 | 2023-12-31 | 5 | USD |
PaymentsForProceedsFromOtherInvestingActivities | 0 | 2025-12-31 | 9 | USD |
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod | 0 | 2024-12-31 | 2 | shares |
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod | 0 | 2024-12-31 | 2 | shares |
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice | 0 | 2024-12-31 | 2 | USD/shares |
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice | 0 | 2024-12-31 | 2 | USD/shares |
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice | 0 | 2024-12-31 | 2 | USD/shares |
What to be careful about
What this model itself distrusts about INMD's figures. Written by the derivation as it ran, not added afterwards.
- revenue is annual, not TTM
- operating income is annual, not TTM
- forward EPS growth -3.7% is analyst consensus, not a filing: consensus 2027 EPS 1.37 against trailing 1.48, over 2 year(s), from 5 analysts (taken 2026-09-18)
- PEG not measured: earnings are expected to grow -3.7%, and the ratio inverts at or below zero — a company whose profit is expected to fall faster would otherwise score better for it