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AI Tools for Equity Research Analysts
AI tools that help equity research analysts pull SEC filings, build DCF models, track earnings catalysts, and write investment research notes.
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MetricFy2022Fy2023
Government Revenue$1.07B$1.12B
Commercial Revenue$674M$905M
Gross Margin78%79%
SBC as % Revenue38%32%
Source: PLTR 10-K via EDGAR
SEC filing analysis and financial modeling
Pull 10-K, 10-Q, and 8-K filings directly from EDGAR to extract the revenue breakdowns, margin drivers, and guidance language needed for your financial model. No more manually downloading 200-page PDFs.
Pull Palantir's last two 10-Ks and show me: government revenue vs commercial revenue over 3 years, customer count by segment, gross margin trend, and SBC as % of revenue.
FY2022→FY2024: Government revenue $1.07B→$1.12B→$1.17B (stable, low growth). Commercial revenue $674M→$905M→$1.08B (+60% in 2 years). Customer count: Government 118→116→114. Commercial 228→353→473 (+107% in 2 years). Gross margin: 78%→79%→80% (expanding). SBC as % revenue: 38%→32%→26% (declining — key positive for sentiment).
ToolRouter get_filing
MetricFy2022Fy2023
Government Revenue$1.07B$1.12B
Commercial Revenue$674M$905M
Commercial Customers228353
SBC % Revenue38%32%
Source: PLTR 10-K via EDGAR
ToolRouter calculate_metrics
Gross Margin (%)
SBC % Revenue
DCF valuation and price target modeling
Build three-scenario DCF models (bull, base, bear) with WACC, terminal growth rate, and margin expansion assumptions. Calculate intrinsic value per share for your research note price target.
Build a DCF for CrowdStrike: FY2025 revenue $3.8B growing at 25% for 5 years then decelerating to 10%. EBITDA margin expanding from 20% to 32%. WACC 9.5%, terminal growth 3.5%, 250M shares. Base case intrinsic value?
Base case DCF: Year 1–5 revenue: $3.8B→$4.75B→$5.94B→$7.42B→$9.28B→$11.6B. FCF build from 20%→28% margin. NPV of FCF years 1–5: $8.4B. Terminal value at 3.5% growth: $42.8B. NPV of terminal: $27.2B. Enterprise value: $35.6B. Less net debt (-$200M cash positive): equity $35.8B. Per share (250M): $143. Current price ~$310 — stock appears to price in an optimistic 30%+ terminal margin scenario.
ToolRouter calculate_dcf
Revenue ($B)
FCF NPV Contribution ($B)
Peer group valuation and comps table
Pull real-time multiples for a peer group to build your comps table. Get EV/EBITDA, EV/Revenue, P/E, and growth-adjusted metrics for 5–10 companies in a sector to establish a valuation range for your target.
Build a comps table for cloud security: CrowdStrike, Palo Alto Networks, Fortinet, Zscaler, Okta, and CyberArk. Show market cap, EV, EV/NTM Revenue, NTM revenue growth, and Rule of 40 score.
Comps table built (NTM estimates). CrowdStrike: $78B EV, 13.8x NTM Rev, 35% growth, Rule of 40: 52. Palo Alto: $105B EV, 8.2x NTM Rev, 15% growth, R40: 39. Fortinet: $52B EV, 7.1x NTM Rev, 11% growth, R40: 34. Zscaler: $30B EV, 9.5x NTM Rev, 22% growth, R40: 41. Okta: $18B EV, 6.0x NTM Rev, 12% growth, R40: 19. CyberArk: $15B EV, 8.3x NTM Rev, 20% growth, R40: 36.
ToolRouter get_fundamentals
CompanyEvEv/ntm rev
CrowdStrike$78B13.8x
Palo Alto$105B8.2x
Zscaler$30B9.5x
Okta$18B6.0x
NTM consensus estimates · 6 companies in full comps
Earnings catalyst tracking and preview
Before earnings season, pull consensus estimates, prior guidance, and analyst estimate revision trends for every company you cover. Know exactly what the market is pricing in before the print.
Preview Datadog's upcoming earnings: what is the consensus revenue and EPS estimate? What was their guidance from last quarter? What metric is most important for the stock reaction?
Datadog Q4 FY2024 consensus: Revenue $738M (consensus range $729M–$748M), EPS $0.46 (GAAP). Last quarter guidance: $726M–$730M revenue (consensus significantly above). Key metric to watch: Net Revenue Retention rate — last quarter was 114%, any move below 110% would be negative. Second watch: large enterprise deal activity (>$1M ARR customers), which has been the primary growth driver. Stock has been pricing in a beat + raise.
ToolRouter get_earnings
Last Qtr
Mgmt Guidance: $726M–$730M revenue
Street Est.
Consensus: $738M revenue · $0.46 EPS
Key Watch
Net Revenue Retention — last print 114%
Key Watch
>$1M ARR customer count — primary growth driver
ToolRouter get_fundamentals
Revenue (NTM Consensus)
$2.98B · +24% YoY growth
Net Revenue Retention
114% (last quarter)
>$1M ARR Customers
483 → primary beat/miss indicator
FCF Margin
24% · Rule of 40 score: 48
EV/NTM Revenue
12.1x · premium to cloud peers
Investment thesis and sector research
Research emerging investment themes with synthesized, cited analysis across industry reports, news, and academic sources. Get the macro and competitive context needed to write a compelling initiating coverage note.
Write a 5-page thesis section on AI inference infrastructure spending: hyperscaler capex 2024–2026 guidance, chip demand math, power and cooling constraints, and which stocks in my coverage universe benefit most.
Compiled from 14 sources. Hyperscaler AI capex 2024: Microsoft $55B, Google $52B, Meta $38B, Amazon $65B — combined $210B, up 70% YoY. Inference chips (vs training): ratio shifting from 20/80 to 40/60 by 2026. Power constraint: 1 GW of new US data center capacity needed per quarter. Cooling: liquid cooling capturing 35% of new builds. Beneficiaries in coverage: VRT (cooling systems, $4B AI-related revenue 2026E), SMCI (AI server racks, 40% revenue CAGR), AMAT and LRCX (fab capacity expansion for advanced packaging).
ToolRouter research
Combined Hyperscaler AI Capex 2024
$210B · +70% YoY
Training→Inference Ratio Shift
20/80 today → 40/60 by 2026
Power Constraint
1 GW new US DC capacity needed per quarter
Liquid Cooling (VRT)
35% of new builds — $4B AI revenue 2026E
AI Server Racks (SMCI)
40% revenue CAGR — advanced packaging demand
M&A target analysis
When a company in your coverage announces or is rumored for M&A, quickly pull the target's financials, calculate a range of acquisition premiums, and estimate the EPS accretion or dilution for the acquirer.
Salesforce is reportedly in discussions to acquire MuleSoft-sized company at $10B. The target has $800M revenue, EBITDA -$120M (investing mode), and $200M in synergies estimated. Model EPS accretion/dilution for Salesforce at $200 share price, 900M shares, 25% debt financing.
Acquisition price: $10B. Purchase price multiple: 12.5x revenue. Financing: $2.5B debt + $7.5B equity (37.5M new shares at $200). Synergies NPV at 30% margin: $3.1B. Year 1 EPS impact: -$0.28 dilutive (before synergies). Year 3 with 50% synergies realized: +$0.12 accretive. Year 5 with full synergies: +$0.45 accretive. Fair to announce only if Salesforce can accelerate synergy realization — otherwise dilutive for 2–3 years.
ToolRouter get_filing
MetricValueMultiple
Revenue (LTM)$800M12.5x purchase price
EBITDA (LTM)-$120MNegative — investing mode
Synergy Estimate$200MNPV $3.1B
Cash & Equivalents$180MNet debt positive
Source: most recent 10-K and 10-Q filings
ToolRouter calculate_accretion
EPS Impact ($)
Ready-to-use prompts
Pull 10-K and extract segment data
Pull the most recent 10-K for Palantir Technologies (PLTR). Extract: government segment revenue vs commercial segment revenue for the last 3 fiscal years, customer count by segment, gross margin, operating expenses breakdown, and stock-based compensation as a percentage of total revenue. I need this for a model update.
Three-scenario DCF model
Build a 3-scenario DCF for Snowflake (SNOW): Bull: 30% revenue CAGR, 28% terminal EBITDA margin; Base: 22% CAGR, 24% terminal margin; Bear: 14% CAGR, 18% terminal margin. WACC 9.5%, terminal growth 3%, 335M shares. Show intrinsic value per share for each scenario.
Build peer group comps table
Pull market cap, EV, EV/NTM Revenue multiple, NTM revenue growth estimate, gross margin, and operating margin for these cloud infrastructure peers: Cloudflare (NET), Fastly (FSLY), Akamai (AKAM), and Zscaler (ZS). Build a formatted comps table.
Earnings preview research
Research what Wall Street is expecting from Nvidia's next earnings report. Include: consensus revenue estimate, EPS estimate, key metrics to watch (datacenter revenue, H100 supply, margins), management guidance from last quarter, and analyst commentary on beat/miss risk.
Sector investment thesis
Write a research note section on the GLP-1 drug tailwinds for pharmacy benefit managers (CVS Caremark, Express Scripts/Cigna, OptumRx). Include: GLP-1 market size by 2027, PBM gross profit per GLP-1 script, and risks from rebate pressure and biosimilar entry.
Regulatory enforcement check
Search for SEC or FTC enforcement actions against major tech companies (Meta, Google, Amazon, Apple) related to antitrust, data privacy, or securities disclosures in the last 12 months. I need this for risk factor assessment in my coverage notes.
WACC calculation for tech company
Calculate WACC for a mid-cap SaaS company: market cap $8B, $500M in convertible notes (2.5% coupon), beta 1.45, risk-free rate 4.5%, equity risk premium 5.5%, marginal tax rate 21%. Show each component of the WACC calculation.
Earnings season calendar for coverage
Show earnings dates and consensus EPS/revenue estimates for: Apple, Microsoft, Meta, Alphabet, Amazon, Nvidia, and Tesla in the upcoming earnings season. Include analyst ratings consensus (buy/hold/sell ratio) and average price target for each.
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Initiating coverage research package
Build the full research package to initiate coverage on a new stock: pull financials, build the DCF, create the comps table, and write the investment thesis.
Earnings season rapid response
Within 30 minutes of an earnings print, update your model with the reported numbers and publish a note with the key takeaways.
M&A announcement rapid analysis
When a company announces an acquisition, quickly assess the strategic rationale, model the accretion/dilution, and publish a flash note within the hour.
Frequently Asked Questions
How do I decide between EV/Revenue and EV/EBITDA as the primary valuation multiple?
Use EV/Revenue for high-growth companies with negative or near-zero EBITDA — most SaaS, biotech, and early-stage tech companies. Use EV/EBITDA for profitable companies with stable margins — industrials, financials, mature tech. Rule of thumb: if EBITDA margin is below 10%, EV/Revenue is more meaningful. For SaaS, also consider EV/ARR (annual recurring revenue) as a supplementary multiple.
What are the most important metrics to track for SaaS companies?
Net Revenue Retention (NRR) — how much existing customers spend year over year (best companies: >120%). Customer Acquisition Cost (CAC) payback period — how many months to recoup the cost of acquiring a customer (best: <18 months). Free Cash Flow margin — since GAAP earnings are often distorted by SBC. Rule of 40 score (revenue growth % + FCF margin %) — companies above 40 are considered healthy. Large enterprise customer count (>$1M ARR) — a leading indicator of future revenue.
How do I account for stock-based compensation in a tech valuation?
SBC is a real economic cost — it dilutes shareholders even though it is a non-cash expense. In your DCF, either (a) subtract SBC from FCF to get true FCF to equity holders, or (b) include SBC as an expense in your EBITDA calculation (i.e., use GAAP operating income rather than adjusted EBITDA). High SBC as % of revenue (>20%) is a red flag — Palantir and many early-stage SaaS companies have historically had SBC exceeding 30-40% of revenue.
How should I handle terminal value in a DCF for a high-growth company?
Terminal value typically represents 60-80% of total DCF value for high-growth companies, which means your terminal growth rate and terminal margin assumptions dominate the outcome. Be honest about long-run competitive dynamics: most high-growth tech companies will face margin compression as they mature. A useful sanity check: at your terminal value, what implied EV/EBITDA multiple are you paying for the terminal year? If it is above 20x, the DCF requires heroic assumptions.
What is the most reliable source for consensus earnings estimates?
The Economic Calendar tool pulls earnings dates and consensus estimates aggregated from major research firms. For sell-side consensus, this typically reflects the median estimate from 10–30 analysts covering large-cap names. Note that consensus estimates are often backward-looking and slow to reflect major business model changes — building your own forward estimates from company guidance and management commentary in SEC filings is more valuable than anchoring on consensus.
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