SEC CompanyFacts capital-intensity methodology
Ranks a bounded AI infrastructure company cohort by reported TTM capex divided by reported TTM revenue, requiring four complete fiscal quarters for both flows.
- Version
- 2-single-concept-quarter-chain-2026-07-27
- Published
- Jul 27, 2026
- Live boards
- 1
- Method ID
- sec-ai-infrastructure-capital-intensity
Where the facts come from
- Source
SEC EDGAR CompanyFacts us-gaap taxonomy
How the order is produced
- Direction
descending
- Tie Breakers
- ttmCapexDescending
- entitySlug
- Normalization
none
- Primary Metric
sec-capex-to-revenue-ratio
When the method reruns
- daily
Boards using this version
Only live, quality-gated boards appear. Each board opens on the exact published table and evidence path.
| Board | Primary measure | Rows | Confidence | Freshness | Board version | Cadence | Evidence |
|---|---|---|---|---|---|---|---|
| AI Infrastructure Capital Intensityai-infrastructure-capital-intensity | sec-capex-to-revenue-ratio | 28 | 100% | current | 2-single-concept-quarter-chain-2026-07-27 | daily | Open board → |
Complete measurement ledger
These fields are stored with the methodology version. A changed contract must publish a new version before comparable movement can resume.
Debt
Current and noncurrent long-term debt components are summed only when reported for the same period. If only one component is available, the value is explicitly marked as a lower bound. Debt absence does not exclude an otherwise complete row.
Source
SEC EDGAR CompanyFacts us-gaap taxonomy
Ranking
- Direction
descending
- Tie Breakers
- ttmCapexDescending
- entitySlug
- Normalization
none
- Primary Metric
sec-capex-to-revenue-ratio
Version
2-single-concept-quarter-chain-2026-07-27
Universe
The reviewed Rank.ai public-company AI infrastructure cohort with a configured SEC CIK.
Limitations
- Values are total-company reported figures, not AI-only spend or revenue.
- Capital expenditure concepts can differ in economic scope across issuers.
- Fiscal-quarter end dates differ across companies.
- Reported long-term debt is not net debt and is not a credit rating.
- CompanyFacts excludes issuer-specific extension concepts not mapped to us-gaap.
Ttm Eligibility
Four date-contiguous, non-overlapping fiscal quarters are required for both capex and revenue, and their latest period ends must match. Missing facts exclude the company; values are never estimated or zero-filled.
Concept Priority
- Capex
- PaymentsToAcquirePropertyPlantAndEquipment
- PaymentsToAcquireProductiveAssets
- Revenue
- RevenueFromContractWithCustomerExcludingAssessedTax
- Revenues
- SalesRevenueNet
- Debt Current
- LongTermDebtAndFinanceLeaseObligationsCurrent
- LongTermDebtCurrent
- Debt Noncurrent
- LongTermDebtAndFinanceLeaseObligationsNoncurrent
- LongTermDebtNoncurrent
Flow Normalization
For each concept and exact period, Rank.ai selects the latest eligible 10-K/10-Q filing. A four-quarter flow chain must use one taxonomy concept throughout; concepts are never spliced. The most recent complete chain wins, with reviewed concept order breaking a same-period tie. Standalone quarter facts are used directly. Fiscal year-to-date and annual facts are differenced against the prior cumulative period to derive a standalone quarter. Negative derived flows are rejected.
Publication Coverage
A snapshot must retain at least five complete companies and at least 75% of the configured SEC cohort. A thinner refresh is rejected so transient collection failures cannot replace the last good publication.
Capital Intensity Formula
sum(last four standalone capex quarters) / sum(last four standalone revenue quarters)