How data standardization through FactSet ensures consistency across companies, industries, and regions.
Why Stock Oracle’s Financial Data May Differ From Company Reports or Other Platforms
At Stock Oracle, we aim to provide high-quality, standardized financial data to help you analyze companies across industries and markets with confidence. To achieve this, we use data sourced from FactSet, a leading global financial data provider.
Standardization for Meaningful Comparison
Financial statements can differ significantly in structure, terminology, and reporting conventions across companies, industries, and countries. To ensure consistency, FactSet standardizes financial data in accordance with globally recognized accounting standards such as GAAP and emerging IASC guidelines. This allows you to compare data across companies—even from different countries or sectors—on a like-for-like basis.
Data May Be Adjusted for Accuracy and Consistency
FactSet collects its data from primary sources such as company filings, earnings reports, and regulatory disclosures—often directly attributable to company officers. However, in order to align with standardized reporting methodologies, certain figures may be adjusted or normalized. As a result, the numbers displayed in Stock Oracle may not exactly match those in a company’s official report. This doesn’t indicate an error, but rather reflects the application of consistent accounting treatments to facilitate better analysis.
Why Standardization Matters
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Different reporting timelines: Some companies report early or follow different fiscal calendars, which can affect comparison if not adjusted.
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Varied disclosure practices: Presentation formats, metrics, and terminologies differ widely across industries and geographies.
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National accounting differences: Local regulations and accounting treatments can influence reported figures.
Standardization helps overcome these inconsistencies so users can evaluate financial health, growth, and valuation metrics in a uniform way—without manually decoding each company’s unique report format.
Transparency First
We believe in transparency. If you notice discrepancies between data shown in Stock Oracle and a company’s official filing, rest assured it’s due to this standardization process. Our goal is not to override reported data but to make it easier to compare, analyze, and act upon.