SVT Servotronics, Inc.

XASE
Find condors

Stock quote, options chain, IV rank, technicals, AI analysis, and institutional ownership. Iron condor setups Fibonacci levels Insider trading

Market data may be delayed, incomplete, or inaccurate. Not a recommendation to buy, sell, or hold any security. Verify quotes with your broker before trading. See Terms §17.

SVT — —
Key stats
About
Industry (SIC)
CUTLERY, HANDTOOLS & GENERAL HARDWARE (3420) · industry map
Exchange
XASE
Market Cap
$0.1B
Employees
258
List Date
1972-06-01
CIK
0000089140
Headquarters
Elma, NY
Homepage
https://www.servotronics.com

Servotronics Inc is a U.S based company that designs, manufactures, and markets servo valves, including torque motor, hydraulic, and pneumatic valves. The company has single reportable segment which is aerospace Its products are marketed and sold throughout the United States and in select foreign markets. These products are sold to commercial aviation manufacturers, government prime contractors, government subcontractors, and end-users. Geographically, the company generates the majority of its revenue from the Domestic market.

Summary
—
composite
—
No summary data available for this symbol yet.

Each spoke is this symbol's rank within its sector (0–100; the dotted ring marks the sector median at 50). Higher is more constructive for a long. One spoke — News sentiment — is an absolute reading, not a sector rank. Grayed spokes have no data. A fuller shape is a summary, not a recommendation.

Chart
Seasonality
Insufficient price history — listed 19866 days ago. Seasonality patterns need at least one full year of data.
Technical Indicators

Quick-reference for reading the values below. Indicators combine to confirm a view — no single one is a trade signal on its own.

Trend Indicators
  • SMA 20 / 50 / 200 — price above = uptrend, below = downtrend. SMA 50 crossing SMA 200 is the golden/death cross.
  • EMA 12 / 26 — faster-reacting averages; 12 above 26 is short-term bullish.
  • MACD — bullish when MACD > signal (green badge), bearish when below. Divergence from price often precedes reversals.
  • ADX (14) — trend strength regardless of direction. <20 range, 20–25 weak trend, 25–50 trend, >50 strong trend.
  • +DI / −DI — +DI > −DI favors bulls; the reverse favors bears. Read alongside ADX.
Momentum Oscillators
  • RSI (14) — <30 oversold, >70 overbought. 40–60 is neutral; trending names can stay extreme.
  • Stochastic %K / %D — <20 oversold, >80 overbought. %K crossing %D is an early momentum signal.
  • Williams %R — inverted scale: <−80 oversold, >−20 overbought.

Oscillators work best in range-bound markets; in strong trends they give premature reversal signals.

Volume & Volatility
  • Bollinger Bands — price at upper band = overbought, lower = oversold. Narrow bands (squeeze) often precede expansion.
  • OBV — cumulative volume; rising OBV confirms uptrend, falling OBV confirms downtrend. Divergence from price is a warning.
  • Vol SMA 20 / Vol ROC — today's volume vs. 20-day average. Positive ROC with price move = conviction.
  • ATR / True Range — average daily $ move; sizing and stop-loss reference.
  • HV 20 / 30 / 60 — realized (historical) volatility. Compare to IV on the options cards: IV > HV = rich premium.

Confluence matters: trend + momentum + volume agreeing carries far more weight than any single indicator. For how these feed the spread scanner score, see the algorithm docs →

Trend Indicators

SMA 20: $46.86
SMA 50: $30.34
SMA 200: $16.06
Current: $46.94
EMA 12: $46.48
EMA 26: $42.30
MACD: 4.1870 | Signal: -1.2034
BULLISH
ADX (14): 82.39
STRONG TREND
+DI: 77.53
−DI: 4.83

Momentum Oscillators

RSI (14): 94.47
OVERBOUGHT
Stoch %K: 53.90
Stoch %D: 60.88
Williams %R: -70.13

Volume & Volatility

BB Upper: $47.06
BB Lower: $46.66
NEUTRAL
OBV: 1,332,623
Vol SMA 20: 32,552
Vol ROC: 454.49%
ATR: $0.57
True Range: $0.56
HV 20: 1.6%
HV 30: 379.5%
HV 60: 270.1%

Data Summary

Data Points: 500
Last Updated:
Date Range: 2023-01-17T00:00:00 – 2025-06-30T00:00:00
AI Analysis

LLM Stock Analysis Report: Servotronics (SVT)

Executive Summary:

Overall assessment: BULLISH (Confidence level: 8/10)

Key drivers and primary risks:

  • Strong technical momentum, with a bullish MACD signal and overbought RSI
  • Positive news sentiment, driven by recent acquisition announcements
  • High risk due to beta >1.5 and high volatility

Investment thesis: SVT's recent acquisition announcement has sparked significant buying interest, driving the stock price higher. Technical indicators suggest continued momentum in the short-term, but caution is advised due to the high-risk profile.

Recent news sentiment impact: The positive news headlines have contributed to the stock's upward movement, with investors reacting favorably to the acquisition announcements.

Technical Analysis:

Trend Direction: Short-term (1-4 weeks): Bullish, Medium-term (1-3 months): Bullish

Support/Resistance Levels: Key price levels from moving averages: $46.86 (SMA 20), $42.30 (EMA 26)

Momentum Signals:

  • RSI interpretation: Overbought (>70) with a reading of 94.47
  • MACD signal: Bullish, with a signal line above the zero line and a histogram value of 5.39
  • Bollinger Bands position: Neutral, with price near the upper band

Volume Analysis: Volume trends suggest institutional interest, with a volume rate of change of 454.49%.

News & Sentiment Analysis:

Recent Headlines Summary: Acquisition announcements have driven positive sentiment, while shareholder investigations have had little impact.

Sentiment Assessment: Positive news sentiment dominates, with a strong majority of headlines having a positive tone (4 out of 6).

Catalyst Identification: Earnings announcement pending; acquisition news continues to drive momentum.

Market Narrative: Technical signals and news sentiment align, with the stock price reacting favorably to positive announcements.

Risk & Volatility Assessment:

Beta Interpretation: High risk due to beta >1.5

Volatility Regime: Current volatility is above historical levels, with a HV20 reading of 1.6% and HV30 reading of 379.5%.

Options Market Signals: No options data available.

Downside Protection: Support levels: $46.86 (SMA 20), $42.30 (EMA 26).

Market Context & Positioning:

Sector Performance: Servotronics is outperforming its sector peers, with a relative strength index reading of 78.12%.

Institutional Activity: Institutional interest remains high, with a volume rate of change above average.

Correlation Analysis: No correlation data available.

Relative Valuation: The stock is trading near the upper end of its recent range, suggesting caution is advised.

Key Levels & Action Items:

Critical Price Levels: Support: $46.86 (SMA 20), $42.30 (EMA 26); Resistance: $47.06 (Upper Bollinger Band)

Breakout/Breakdown Levels: Breakout level: $47.50; Breakdown level: $45.00

Time-Sensitive Catalysts: Earnings announcement pending; acquisition news continues to drive momentum.

Risk Management: Stop-loss levels: $46.66 (Lower Bollinger Band); Position sizing considerations: 5-10% of portfolio allocated to SVT.

Please note that this analysis is based on the provided data and should not be used as investment advice without further research and consideration of individual circumstances.

Generated

SVT Options Activity & IV Rank

Loading options activity...
Spread Scanner GPU
Full Algorithm Docs ↗

Each spread is ranked by a composite score built in three stages. Full documentation →

Stage 1 — Base Score (GPU scanner)

score = P(profit) × (credit / spread_width)
P(profit) from short leg delta (1 − |delta|), penalised above 85%. Credit uses mid-price to handle illiquid chains fairly.

Stage 2 — Skew Adjustment (±25% cap)

RR and BF (30-delta) from the persisted per-symbol skew snapshot — wing strikes picked by real greeks.delta, not a moneyness proxy. Put skew boosts bull puts, penalises bear calls. High butterfly boosts iron condors. Calendars are skew-neutral.

Stage 3 — Technical Overlay (±50% cap, 5 groups)
Group 1 · Directional Bias (±0.25)
  • RSI <40 bullish / >60 bearish
  • MACD crossover + histogram trend
  • Price vs SMA 50 & SMA 200
Group 2 · Momentum (±0.10)
  • Stochastic %K <20 / >80
  • Williams %R <−80 / >−20
Group 3 · Volatility (up to −0.25 / +0.15)
  • Blended ATR + straddle expected-move penalty
  • Bollinger Band signal (+ counter-trend penalty)
  • BB width — vol contraction boost for ICs
Group 4 · IV Regime (±0.15)
  • IV rank ≥ 75 → strong boost for credit spreads
  • IV rank < 25 → penalty (selling cheap vol)
Group 5 · Liquidity (penalty up to −0.10)
  • Min open interest across all legs
  • OI < 100 → −0.10 · OI < 500 → −0.05

score = base_score × skew_multiplier × tech_multiplier
Both multipliers are shown per spread. Beta is informational only — ATR already captures realized vol. Full algorithm documentation →

Enter a ticker to scan for optimal spread opportunities.

Evaluates all bull put, bear call, iron condor, and calendar spread combinations using GPU-accelerated analysis.

Skew (Wing IV − ATM IV)
DTE:
Wing Δ:
Metric:
Wing vs ATM
IV(put wing) − IV(ATM), in vol points

How much the OTM put trades above (or below) the at-the-money strike. Measures the height of the put-side tail relative to ATM — i.e. how expensive crash insurance is on this name.

  • Positive (typical) — wing IV > ATM IV. Standard equity put skew: portfolios bid up crash protection, so OTM puts trade richer than ATM.
  • Near zero or negative (unusual) — wing IV ≤ ATM IV. Flat or inverted put side. Common when there's no fear demand, in tightly mean-reverting names, or right after an earnings catalyst clears.
  • Percentile vs own 3-yr history: high = wings rich (good time to sell wing premium); low = wings cheap (good time to buy protection).
  • Not directional — high or low wings don't predict up or down moves. It's a price tag on tail insurance, not a forecast.
Risk Reversal
IV(call wing) − IV(put wing), equal delta on each side

Which side of the smile is the market paying up for? Measures the tilt of the surface — call skew vs put skew at matched deltas.

  • Negative (typical) — puts richer than calls. Standard equity behavior: hedging demand makes puts carry a premium. Most large-caps sit in the −1 to −5 vol-point range.
  • Strongly negative (< −5 pts) — heavy downside hedging, elevated fear, or an upcoming catalyst (earnings, FDA, macro event). Worth flagging.
  • Positive — calls richer than puts. Unusual for equities; signals bullish momentum, short-squeeze positioning, or takeover/M&A speculation.
  • Near zero — symmetric surface. Market sees roughly equal up/down risk. Rare for large-caps; more common in commodities and FX.
Reading them together

Wing-vs-ATM tells you how expensive the tails are. Risk Reversal tells you which side is favored. Combined:

  • High wing percentile + deeply negative RR → strong put bid; stress or major event priced in. Owning protection costs a premium; selling put premium is dangerous.
  • Low wing percentile + near-zero RR → complacency; insurance cheap and balanced. Good environment to add cheap downside hedges.
  • Positive RR + elevated wings → call-side fear-of-missing-out; common in squeeze setups. Upside calls expensive, downside puts not bid.
14 DTE / 10d —
— pts EXTREME
ATM — / Wing —
30 DTE / 10d —
— pts EXTREME
ATM — / Wing —

Percentile is the rank of today's reading within ~3 years of this symbol's own history. High percentile = wings are rich relative to history; not a directional signal. Skew is read off the chain in real time, not from CBOE SKEW.

Volatility Surface

Enter a ticker to render the implied volatility surface.

Volatility Smile

Enter a ticker to render the implied volatility smile.

IV Rank (7 DTE)
IV Rank (30 DTE)
Straddle Price (30 DTE)
Beta Analysis
Insufficient price history — listed 19866 days ago. Beta and correlation vs SPY require ~1 year of daily returns to be statistically meaningful.

SVT Institutional Ownership (13F)

Institutional managers with $100M+ AUM file Form 13F-HR quarterly, due 45 days after quarter end. Holdings are reported gross at quarter-end market value — they are a snapshot, not a real-time position.

  • Shares — long equity positions in this name, aggregated across share classes.
  • Calls / Puts — notional value of long call / put exposure where this ticker is the underlying.
  • % of Float — holder's reported shares divided by the latest diluted shares outstanding. Sums above 100% indicate large custodian / prime broker positions where the same shares are reported by multiple filers.
  • Custodian badge — filers with more than 5,000 holdings are typically broker-dealers / custodians reporting customer-held shares, not active managers.

Each filer is counted once at its latest 13F-HR filing. New filings are ingested on a weekly cadence.

# Filer Shares Value % of Total % of Float Period
# Filer Notional Value % of Total Period
# Filer Notional Value % of Total Period

SVT Insider Trading (Form 4)

Latest: 2025-07-01
Form 4 filings — insider beneficial-ownership changes by officers, directors, and 10%+ holders. Filed within 2 business days of transaction.
Filed Reporter Role Action Shares Avg Price Net $ Link
2025-07-01 Brent D Baird Director Mixed −279,000 — EDGAR
2025-07-01 Evan H Wax Director Mixed −23,329 — EDGAR
2025-07-01 James C Takacs Chief Technical Officer Mixed −35,599 — EDGAR
2025-07-01 William F Farrell Jr. Chief Executive Officer Mixed −24,950 — EDGAR
2025-07-01 Christopher M Marks Director Mixed −16,036 — EDGAR
2025-07-01 Robert Fraass Chief Financial Officer Mixed −6,044 — EDGAR
2025-07-01 Karen L Howard Director Mixed −7,001 — EDGAR
2025-06-04 Karen L Howard Director Award (A) +536 $46.70 $25.0K EDGAR
2025-06-04 Brent D Baird Director Award (A) +536 $46.70 $25.0K EDGAR
2025-06-04 Christopher M Marks Director Award (A) +536 $46.70 $25.0K EDGAR
2025-06-04 Evan H Wax Director Award (A) +536 $46.70 $25.0K EDGAR
2025-04-03 William F Farrell Jr. Chief Executive Officer Tax (F) −2,806 $10.60 -$29.7K EDGAR
2025-04-03 Robert Fraass Chief Financial Officer Tax (F) −455 $10.60 -$4.8K EDGAR
2025-04-03 James C Takacs Chief Technical Officer Tax (F) −269 $10.60 -$2.9K EDGAR
2025-02-21 James C Takacs Chief Technical Officer Award (A) +1,145 $10.26 $11.7K EDGAR
Codes: P = open-market purchase · S = open-market sale · A = grant/award · M = option exercise · F = tax withholding at vest · G = bona-fide gift · D = disposition to issuer · J = other (described in filing footnote — typically 401(k), trust, inheritance) · W = will/inheritance. Only P / S codes carry directional signal.

SVT Insider Holdings

3 insiders · @ $46.94
Officers, directors, and 10%+ owners who have filed a Form 4 in the past two years, ranked by current disclosed exposure (shares × today's price). Shares are direct + indirect (via trusts / LLCs / spouse). Excludes unvested RSU and option grants — those aren't beneficially owned until vest.
# Insider Role Shares Disclosed Exposure Lifetime OM Net Filings Last Filed
1 William F Farrell Jr. Chief Executive Officer 21,565 $1.01M $0 10 2025-07-01
2 Robert Fraass Chief Financial Officer 4,307 $202.2K $0 8 2025-07-01
3 Brent D Baird Director 536 $25.2K $130.7K 6 2025-07-01
Lifetime OM Net = signed sum of open-market buys (P) and sells (S) over their career; excludes grants, tax withholdings, and dispositions to issuer. A large negative number is normal for long-tenured executives — they've sold compensation grants over many years.

SVT Board & Officers

As of SEC filings through Jul 1, 2025
The company's insiders have not filed since Jul 1, 2025; this reflects that date.

Directors 6

Officers 6

10% owners 4

Changes in the last 10 years (33)
Jul 1, 2025William F Farrell Jr. reported in an SEC filing no longer being a director
Jul 1, 2025William F Farrell Jr. reported in an SEC filing no longer being Chief Executive Officer
Jul 1, 2025Robert Fraass reported in an SEC filing no longer being Chief Financial Officer
Jul 1, 2025Karen L Howard reported in an SEC filing no longer being a director
Jul 1, 2025James C Takacs reported in an SEC filing no longer being Chief Technical Officer
Jul 1, 2025Evan H Wax reported in an SEC filing no longer being a director
Jul 1, 2025Christopher M Marks reported in an SEC filing no longer being a director
Jul 1, 2025Brent D Baird reported in an SEC filing no longer being a director
Jul 1, 2025Brent D Baird reported in an SEC filing no longer being a 10% owner
Sep 17, 2024The company announced the departure of Harrison Kelly as Chief Operating Officer in an SEC filing
Jan 29, 2024Harrison Kelly became Chief Operating Officer
Dec 15, 2023James C Takacs listed as Chief Technical Officer (previously Chief Operating Officer) in SEC filings
May 1, 2023Robert Fraass became Chief Financial Officer
Apr 28, 2023Kenneth D Trbovich reported in an SEC filing no longer being a director
Apr 28, 2023Kenneth D Trbovich reported in an SEC filing no longer being President & CEO
Apr 24, 2023Sr. Estate of Nicholas D. Trbovich reported in an SEC filing no longer being a 10% owner
Feb 17, 2023Brent D Baird first listed as a director in an SEC filing
Feb 14, 2023The company announced the departure of Lucion P Gygax from the board in an SEC filing
Dec 12, 2022Sr. Estate of Nicholas D. Trbovich first on file as a 10% owner
Dec 12, 2022Brent D Baird became a 10% owner
Compiled from SEC filings by the company and its directors and officers. Dates are as stated in those filings. Where no filing says when someone left, we show the last filing that listed them.

SVT Proposed Insider Sales (Form 144)

Latest: 2025-05-27
Last 30d: 0 filings  ·  Last 90d: 0 filings

What is Form 144? A notice of intent to sell restricted or control stock under Rule 144. Affiliates (officers, directors, 10%+ owners) and holders of restricted shares must file Form 144 when planning to sell more than 5,000 shares or $50,000 in any 3-month rolling window.

How it relates to Form 4: Form 144 is filed before the trade (up to 90 days in advance); Form 4 is filed within 2 business days after the trade executes. Not every Form 144 results in a sale — the filer may cancel or delay. Look for the corresponding Form 4 on the Insider Activity card to confirm a sale actually happened.

10b5-1 plans: Trades made under a pre-scheduled Rule 10b5-1 plan are not discretionary — they execute automatically on dates set months earlier, regardless of news. High 10b5-1 percentages mean less per-filing signal value, though cumulative selling volume still matters.

"Notice value": Aggregate market value the filer wrote into the Form 144 — i.e. the size of the planned sale, not necessarily the executed dollars. An amended notice (Form 144/A) replaces the original it amends, and cancelled notices are dropped, so neither is double-counted above. A filed value that is clearly inconsistent with the share count at the stock's price (a filer typo) shows as a dash and is left out of the totals.

Source & freshness: Sourced from public Form 144 filings. Refreshed daily; new filings typically appear here the morning after they are filed.

Filed Filer Role Shares Notice Value Planned Sale Broker Plan Link
2025-05-27 144/A Beaver Hollow Wellness, LLC (SVT) Stockholder in excess of 10% 148,600 $5.65M 2025-05-27 Computershare Investor Services,… — EDGAR
2024-08-26 144/A Beaver Hollow Wellness, LLC 10% Stockholder 4,600 $58.6K 2024-08-27 Computershare Investor Services,… — EDGAR
2024-08-12 Takacs James C Officer 6,502 $78.3K 2024-08-12 EDWARD JONES — EDGAR
2024-04-15 Beaver Hollow Wellness, LLC 10% Stockholder 1,950 $23.9K 2024-04-15 Computershare Investor Services,… — EDGAR
2024-04-08 Beaver Hollow Wellness, LLC 10% Stockholder 7,500 $93.8K 2024-04-08 Computershare Investor Services,… — EDGAR
2024-04-05 Beaver Hollow Wellness, LLC 10% Stockholder 600 $7.4K 2024-04-05 Computershare Investor Services,… — EDGAR
2024-03-26 Beaver Hollow Wellness, LLC 10% Stockholder 25,250 $316.5K 2024-03-26 Computershare Investor Services,… — EDGAR
Notice value is the aggregate market value the filer states they intend to sell — not a confirmed transaction. Compare to Insider Activity (Form 4) to see which planned sales actually executed. Market-wide feed: Planned sales (Form 144).
ETF Holders
38 ETFs hold SVT
25 shown · $585.91M total exposure · 0.05% AUM-weighted avg weight
# ETF Provider Weight $ Exposure ETF AUM As Of
1 VXUS Vanguard Total International Stock ETF Vanguard 0.02% $161.2M — 2026-09-30
2 VEA Vanguard FTSE Developed Markets ETF Vanguard 0.03% $106.7M — 2026-09-30
3 IEFA iShares Core MSCI EAFE ETF iShares (BlackRock) 0.05% $86.8M $191.0B 2026-10-20
4 EFA iShares MSCI EAFE ETF iShares (BlackRock) 0.05% $40.4M $77.3B 2026-10-20
5 VGK Vanguard FTSE Europe ETF Vanguard 0.07% $26.3M — 2026-09-30
6 VEU Vanguard FTSE All-World Ex-US ETF Vanguard 0.03% $26.0M — 2026-09-30
7 EFG iShares MSCI EAFE Growth ETF iShares (BlackRock) 0.11% $16.3M $15.1B 2026-10-20
8 IXUS iShares Core MSCI Total International Stock ETF iShares (BlackRock) 0.02% $14.2M $58.1B 2026-10-20
9 EWU iShares MSCI United Kingdom ETF iShares (BlackRock) 0.37% $13.8M $3.7B 2026-10-20
10 VYMI Vanguard International High Dividend Yield ETF Vanguard 0.06% $13.4M — 2026-09-30
11 IDEV iShares Core MSCI International Developed Markets ETF iShares (BlackRock) 0.04% $12.8M $34.0B 2026-10-20
12 SPDW State Street® SPDR® Portfolio Developed World ex-US ETF SPDR (State Street) 0.03% $12.5M $40.9B 2026-10-20
13 VT Vanguard Total World Stock ETF Vanguard 0.01% $10.9M — 2026-09-30
14 DWX State Street® SPDR® S&P® International Dividend ETF SPDR (State Street) 2.08% $10.7M $516.2M 2026-10-20
15 IEUR iShares Core MSCI Europe ETF iShares (BlackRock) 0.07% $7.0M $9.5B 2026-10-20
16 ACWX iShares MSCI ACWI ex U.S. ETF iShares (BlackRock) 0.03% $5.8M $17.7B 2026-10-20
17 ACWI iShares MSCI ACWI ETF iShares (BlackRock) 0.01% $4.3M $33.0B 2026-10-20
18 PIO Invesco Global Water ETF Invesco 1.51% $4.1M — 2026-10-20
19 IGRO iShares International Dividend Growth ETF iShares (BlackRock) 0.22% $2.8M $1.3B 2026-10-20
20 VSGX Vanguard ESG International Stock ETF Vanguard 0.04% $2.3M — 2026-10-20
21 JXI iShares Global Utilities ETF iShares (BlackRock) 0.53% $1.9M $356.1M 2026-10-20
22 CWI State Street® SPDR® MSCI ACWI ex-US ETF SPDR (State Street) 0.07% $1.9M $2.8B 2026-10-20
23 PABD iShares Paris-Aligned Climate Optimized MSCI World ex USA ETF iShares (BlackRock) 0.41% $1.3M $325.6M 2026-10-20
24 IEV iShares Europe ETF iShares (BlackRock) 0.08% $1.3M $1.6B 2026-10-20
25 CRBN iShares Low Carbon Optimized MSCI ACWI ETF iShares (BlackRock) 0.11% $1.3M $1.2B 2026-10-20
Fundamentals

Quarterly filings sourced from SEC 10-Q / 10-K reports. TTM tiles aggregate the most recent four quarters; bars show the last ~12 quarters oldest → newest.

Metrics
  • Revenue — top-line sales. Look for consistent YoY growth; seasonal businesses need same-quarter comparisons (Q4 '24 vs Q4 '23).
  • Net Income — bottom-line profit after all expenses. Can be volatile from one-time items; red bars = net loss.
  • Diluted EPS — net income per share assuming options/converts are exercised. Direct input to the P/E ratio.
  • Operating Cash Flow — cash generated from core operations, before capex and financing. Harder to manipulate than net income; growing OCF is a quality signal.
How to read the bars
  • Sequential growth — quarter-over-quarter trend. Accelerating bars are a momentum signal.
  • YoY growth — compare to the same quarter a year earlier to remove seasonality.
  • Quality — OCF should roughly track Net Income over time. Large divergence (net income ≫ OCF) flags accruals risk.
  • Margins — scan the bar ratios: Net Income / Revenue tells you margin trend without needing a separate chart.

TTM (trailing-twelve-month) smooths seasonality and is used for the P/E calculation. Filings appear 30–90 days after the period closes.