:root{color-scheme:light;--paper:#f4f7f8;--navy:#193440;--ink:#0b1c2a;--teal:#007c8c;--muted:#687b8c;--rule:#b9c6cf;--line:#d4dfe4;--selected:#e0f0f2;--surface:#fff;--secondary:#526776;--hover:#e9f1f3;--input-rule:#abbcc8;--button-ink:#fff;--button-hover:#006978;--error:#a22b26;--success:#00675a;--serif:Georgia,'Times New Roman',serif;--sans:Arial,Helvetica,sans-serif}
*{box-sizing:border-box}html{scroll-behavior:smooth}body{margin:0;background:var(--paper);color:var(--ink);font-family:var(--sans);font-size:16px;line-height:1.5}button,input,select,textarea{font-family:var(--sans);font-size:16px;line-height:1.4}button,a,input,select,textarea{-webkit-tap-highlight-color:transparent}a{color:var(--teal);text-decoration:none;text-underline-offset:5px}a:hover{text-decoration:underline}button{cursor:pointer}button:disabled{cursor:wait;opacity:.6}a:focus-visible,button:focus-visible,input:focus-visible,select:focus-visible,textarea:focus-visible,iframe:focus-visible{outline:3px solid var(--teal);outline-offset:4px}h1,h2,h3,p{margin:0}h1,h2,h3{font-weight:400}p+p{margin-top:18px}.container{width:90%;max-width:1292px;margin-inline:auto}.skip-link{position:fixed;top:-80px;left:20px;z-index:10;background:var(--surface);padding:12px 20px}.skip-link:focus{top:10px}.masthead{background:var(--navy);color:#fff}.masthead-inner{min-height:72px;display:flex;align-items:center;justify-content:space-between;gap:24px}.brand{display:inline-flex;gap:19px;align-items:center;color:#fff;white-space:nowrap}.brand:hover{text-decoration:none}.monogram{position:relative;display:inline-block;width:27px;height:45px;font-family:var(--serif);font-size:32px;line-height:1}.monogram span{position:absolute;top:11px;left:9px;font-size:29px}.wordmark{font-family:var(--serif);font-size:17px;letter-spacing:.22em;text-transform:uppercase}.main-nav{display:flex;gap:48px;align-items:center}.main-nav a{color:#fff;font-size:15px;position:relative;padding:8px 0}.main-nav a[aria-current=page]:after{content:'';position:absolute;left:0;right:0;bottom:2px;height:2px;background:#009caa}.hero{display:grid;grid-template-columns:minmax(0,1.65fr) minmax(310px,.95fr);gap:48px;padding:47px 0 40px;border-bottom:1px solid var(--rule);align-items:center}.hero h1{font-family:var(--serif);font-size:76px;font-weight:400;line-height:.99;letter-spacing:-.045em;max-width:800px}.hero-deck{font-size:21px;color:var(--muted);line-height:1.4;margin-top:23px;letter-spacing:-.015em}.hero-deck span{display:block}.library-stats{border-left:1px solid var(--rule);padding:46px 0 35px 70px;display:grid;grid-template-columns:1fr 1.33fr;gap:48px;align-self:stretch;align-items:center}.stat-number{font-family:var(--serif);font-size:72px;letter-spacing:-.04em;line-height:1;color:var(--teal);display:block;margin-bottom:13px}.stat-label{display:block;border-top:1px solid var(--rule);padding-top:9px;font-size:19px;color:var(--secondary);white-space:nowrap}.library-layout{display:grid;grid-template-columns:238px minmax(0,1fr);gap:35px;padding-top:25px}.sidebar{padding:14px 31px 25px 0;border-right:1px solid var(--line)}.sidebar h2{font-family:var(--serif);font-size:25px;line-height:1.3;letter-spacing:-.035em;margin-bottom:22px}.sector-list{display:flex;flex-direction:column;gap:4px}.sector-button{border:0;background:transparent;text-align:left;padding:14px 18px;border-left:3px solid transparent;color:var(--secondary);font-size:18px;font-weight:400;width:100%}.sector-button:hover{color:var(--teal);background:var(--hover)}.sector-button[aria-pressed=true]{color:var(--teal);border-left-color:var(--teal);background:var(--selected)}.sidebar-note{border-top:1px solid var(--rule);padding-top:22px;margin-top:37px;font-size:14px;color:var(--muted);line-height:1.5}.library-main{min-width:0}.library-toolbar{display:flex;align-items:center;justify-content:space-between;gap:30px;margin:11px 0 33px}.library-toolbar h2{font-family:var(--serif);font-size:44px;line-height:1.13;letter-spacing:-.04em}.search-box{width:39%;min-width:240px;position:relative}.search-box:before{content:'';position:absolute;width:14px;height:14px;border:2px solid var(--muted);border-radius:50%;left:17px;top:15px;pointer-events:none}.search-box:after{content:'';position:absolute;left:32px;top:30px;width:8px;height:2px;background:var(--muted);transform:rotate(45deg);pointer-events:none}.search-box input{width:100%;height:49px;padding:11px 12px 11px 51px;border:1px solid var(--input-rule);border-radius:3px;color:var(--ink);background:transparent}.search-box input::placeholder{color:var(--muted);opacity:1}.list-head,.research-row{display:grid;grid-template-columns:minmax(175px,1fr) minmax(240px,1.85fr) 135px 130px;gap:20px}.list-head{padding:0 0 9px;border-bottom:1px solid var(--rule);color:var(--secondary);font-size:12px;font-weight:600;letter-spacing:.13em;text-transform:uppercase}.research-row{padding:16px 0 15px;min-height:97px;border-bottom:1px solid var(--line);align-items:start}.ticker{display:block;font-size:14px;letter-spacing:.035em;font-weight:700;color:var(--teal);margin-bottom:2px}.company-name{font-size:16px;font-weight:600;line-height:1.35}.research-title{font-size:16px;line-height:1.4}.research-summary{font-size:15px;line-height:1.4;color:var(--muted);margin-top:3px}.research-date{font-size:15px;white-space:nowrap;color:var(--secondary);padding-top:10px}.research-actions{display:flex;flex-direction:column;align-items:flex-end;justify-content:center;gap:7px;align-self:center}.research-actions a{white-space:nowrap;font-size:16px}.research-actions .edition-link{font-size:14px}.arrow{margin-left:8px}.status-panel{padding:34px 0;color:var(--muted);min-height:150px}.status-panel h3{font-family:var(--serif);font-size:25px;color:var(--ink);margin-bottom:8px}.status-panel p{max-width:560px}.text-button{padding:0;border:0;background:none;color:var(--teal);text-decoration:underline;text-underline-offset:5px;margin-top:14px;font-size:16px}.site-footer{border-top:1px solid var(--rule);padding:17px 0 27px;margin-top:26px;display:flex;align-items:center;justify-content:space-between;gap:30px;font-size:12px;color:var(--muted)}.footer-left{display:flex;align-items:center;gap:20px}.footer-brand{font-family:var(--serif);text-transform:uppercase;letter-spacing:.22em;font-size:12px;white-space:nowrap}.footer-divider{font-size:22px;font-weight:300}.visually-hidden{position:absolute;width:1px;height:1px;padding:0;margin:-1px;overflow:hidden;clip:rect(0,0,0,0);white-space:nowrap;border:0}.page-content{padding-top:38px;min-height:calc(100vh - 200px)}.back-link{display:inline-block;margin-bottom:26px;font-size:14px}.page-heading{font-family:var(--serif);font-size:58px;letter-spacing:-.045em;line-height:1.08;margin-bottom:20px}.page-deck{font-size:21px;color:var(--muted);max-width:780px;line-height:1.5}.prose{max-width:800px;padding:35px 0 10px}.prose section{padding:24px 0;border-top:1px solid var(--line)}.prose h2{font-family:var(--serif);font-size:29px;letter-spacing:-.02em;margin-bottom:12px}.prose p{color:var(--secondary);line-height:1.7}.report-heading{display:flex;gap:32px;align-items:flex-start;justify-content:space-between;margin-bottom:23px}.report-heading .page-heading{font-size:43px;max-width:880px;margin-bottom:12px}.report-kicker{font-size:13px;text-transform:uppercase;letter-spacing:.1em;color:var(--teal);font-weight:600;margin-bottom:9px}.report-meta{color:var(--muted);font-size:14px;line-height:1.7}.report-date-note{font-size:14px;color:var(--muted);border-top:1px solid var(--rule);padding:15px 0;margin-bottom:7px}.button{display:inline-block;border:1px solid var(--teal);background:var(--teal);padding:11px 18px;border-radius:2px;font-size:15px;color:var(--button-ink);text-align:center;white-space:nowrap;text-decoration:none}.button:hover{background:var(--button-hover);text-decoration:none}.button.secondary{background:transparent;color:var(--teal)}.button.secondary:hover{background:var(--selected)}.report-buttons{display:flex;gap:10px;flex-wrap:wrap;flex-shrink:0;margin-top:8px}.report-frame{display:block;width:100%;height:78vh;min-height:640px;border:1px solid var(--line);background:var(--surface)}.owner-intro{max-width:750px}.owner-form{max-width:800px;margin-top:34px}.form-grid{display:grid;grid-template-columns:1fr 1fr;gap:23px}.form-field{display:flex;flex-direction:column;gap:7px;min-width:0}.form-field.full{grid-column:1/-1}.form-field label{font-size:14px;font-weight:600}.form-field input,.form-field textarea,.form-field select{width:100%;color:var(--ink);border:1px solid var(--input-rule);border-radius:2px;background:var(--surface);padding:11px 12px;min-height:46px}.form-field textarea{resize:vertical;min-height:95px}.form-field input[type=file]{background:transparent;padding:12px}.field-help{font-size:13px;color:var(--muted)}.form-section-title{font-family:var(--serif);font-size:27px;margin:30px 0 15px;padding-top:23px;border-top:1px solid var(--line)}.publish-actions{display:flex;align-items:center;gap:20px;flex-wrap:wrap;margin-top:25px}.publish-message{padding:16px 0;font-size:15px;white-space:pre-line}.publish-message[data-state=error]{color:var(--error)}.publish-message[data-state=success]{color:var(--success)}.publish-message a{font-weight:600}.file-summary{font-size:13px;color:var(--muted);padding-top:4px}.owner-warning{font-size:14px;color:var(--muted);max-width:800px;margin-top:19px}.report-error{margin:25px 0}.print-note{font-size:13px;color:var(--muted);margin-top:10px}[hidden]{display:none!important}
@media(min-width:1440px){.hero{grid-template-columns:minmax(0,1.7fr) minmax(310px,1fr)}}
@media(max-width:1200px){.hero h1{font-size:65px}.hero{gap:32px;grid-template-columns:minmax(0,1.5fr) minmax(300px,1fr)}.hero-deck{font-size:18px}.library-stats{padding-left:32px;gap:24px}.stat-number{font-size:64px}.stat-label{font-size:16px}.library-layout{grid-template-columns:195px minmax(0,1fr);gap:26px}.sidebar{padding-right:22px}.sidebar h2{font-size:23px}.sector-button{font-size:16px;padding-left:14px}.list-head,.research-row{grid-template-columns:minmax(145px,.9fr) minmax(190px,1.7fr) 100px 105px;gap:15px}.research-date{font-size:13px}.research-actions a{font-size:14px}.library-toolbar h2{font-size:37px}.search-box{min-width:210px}.search-box input{font-size:14px}.report-heading{flex-direction:column;gap:7px}}
@media(max-width:960px){.hero{grid-template-columns:1fr;gap:27px;padding:38px 0 30px}.hero h1{max-width:760px}.library-stats{border-left:0;border-top:1px solid var(--line);padding:25px 0 0;max-width:450px;gap:35px;grid-template-columns:1fr 1.4fr}.stat-number{font-size:48px;margin-bottom:10px}.stat-label{font-size:15px}.library-layout{grid-template-columns:1fr;gap:15px}.sidebar{border-right:0;padding:0}.sidebar h2{font-size:22px;margin-bottom:13px}.sector-list{flex-direction:row;flex-wrap:wrap;gap:5px}.sector-button{width:auto;padding:10px 14px}.sidebar-note{margin:15px 0 0;padding:13px 0 0;max-width:none;font-size:13px}.library-toolbar{margin:10px 0 24px}.list-head,.research-row{grid-template-columns:minmax(140px,.9fr) minmax(210px,1.7fr) 105px 112px;gap:13px}.site-footer{align-items:flex-start;flex-direction:column;gap:10px}.footer-left{gap:17px}}
@media(max-width:700px){.container{width:calc(100% - 40px)}.masthead-inner{min-height:103px;align-items:flex-start;flex-direction:column;justify-content:center;gap:5px;padding-block:11px}.brand{gap:13px}.wordmark{font-size:14px;letter-spacing:.21em}.monogram{width:22px;height:32px;font-size:26px}.monogram span{font-size:24px;top:9px;left:8px}.main-nav{gap:28px;padding-left:35px}.main-nav a{font-size:13px;padding:4px 0}.main-nav a[aria-current=page]:after{bottom:0}.hero{padding:32px 0 26px;gap:25px}.hero h1{font-size:48px;line-height:1.04;letter-spacing:-.055em}.hero-deck{font-size:16px;line-height:1.55;margin-top:20px;max-width:500px}.hero-deck span+span{margin-top:7px}.library-stats{max-width:none;padding-top:21px;gap:30px;grid-template-columns:1fr 1.35fr}.stat-number{font-size:47px}.stat-label{font-size:14px}.library-layout{padding-top:25px;gap:17px}.sidebar h2{font-size:23px}.sector-list{gap:5px}.sector-button{font-size:14px;padding:9px 11px}.sidebar-note{line-height:1.55}.library-toolbar{display:block;margin:4px 0 21px}.library-toolbar h2{font-size:35px;margin-bottom:20px}.search-box{width:100%;min-width:0}.search-box input{height:47px;font-size:15px}.list-head{display:none}.research-row{grid-template-columns:1fr auto;gap:13px 10px;padding:21px 0}.research-row:first-child{border-top:1px solid var(--rule)}.research-company{grid-column:1;grid-row:1}.research-date{grid-column:2;grid-row:1;padding-top:3px;font-size:12px}.research-copy{grid-column:1/-1;grid-row:2}.research-title{font-size:16px;line-height:1.5}.research-summary{font-size:15px;line-height:1.5;margin-top:6px}.research-actions{grid-column:1/-1;grid-row:3;align-items:flex-start;flex-direction:row;gap:24px;justify-content:flex-start;margin-top:1px}.research-actions a,.research-actions .edition-link{font-size:14px}.ticker{font-size:13px}.company-name{font-size:16px}.site-footer{margin-top:25px;padding-bottom:25px;font-size:11px;gap:12px}.footer-left{flex-wrap:wrap;gap:9px 15px}.footer-brand{font-size:10px}.footer-divider{font-size:20px}.page-content{padding-top:26px}.page-heading{font-size:43px}.page-deck{font-size:18px}.prose{padding-top:27px}.prose h2{font-size:27px}.prose p{font-size:15px}.report-heading .page-heading{font-size:32px}.report-buttons{gap:8px}.report-buttons .button{font-size:13px;padding:10px 13px}.report-meta,.report-date-note{font-size:13px}.report-frame{min-height:580px;height:78vh}.form-grid{grid-template-columns:1fr;gap:20px}.form-field.full{grid-column:auto}.owner-form{margin-top:25px}.form-field input,.form-field select,.form-field textarea{font-size:16px}.owner-warning{font-size:13px}.back-link{margin-bottom:20px}.print-note{font-size:12px}}
@media(max-width:390px){.hero h1{font-size:44px}.wordmark{font-size:13px}.research-date{font-size:11px}.library-toolbar h2{font-size:33px}}
@media(prefers-reduced-motion:reduce){html{scroll-behavior:auto}}
@media print{.masthead,.main-nav,.back-link,.report-buttons,.owner-form{display:none}.container{width:100%}.site-footer{font-size:10px}.report-frame{height:100vh;border:0}.hero h1{font-size:46px}}

/* Theme preference is set before first paint by theme.js. */
:root[data-theme=dark]{color-scheme:dark;--paper:#0d1b23;--navy:#142b36;--ink:#e6eef2;--teal:#75d4db;--muted:#a3b6c3;--secondary:#b5c5d0;--rule:#425963;--line:#2b424e;--selected:#183a46;--surface:#132731;--hover:#193440;--input-rule:#54717e;--button-ink:#10232b;--button-hover:#99e5e8;--error:#ffaaa3;--success:#8ddab9}
.theme-toggle{display:inline-flex;align-items:center;justify-content:center;gap:7px;border:1px solid #6b8998;background:transparent;color:#fff;border-radius:3px;padding:8px 10px;font-size:13px;line-height:1.4;white-space:nowrap;min-height:38px}
.theme-toggle svg{fill:none;stroke:currentColor;stroke-width:1.6;stroke-linecap:round;stroke-linejoin:round;flex-shrink:0}
.theme-toggle:hover{background:#274854}.theme-toggle[aria-pressed=true]{background:#234653;border-color:#75d4db;color:#b5f1f3}.theme-toggle:focus-visible{outline-color:#a1eff1}
:root[data-theme=dark] .main-nav a[aria-current=page]:after{background:var(--teal)}
:root[data-theme=dark] .report-frame{background:var(--paper)}
@media(max-width:960px){.main-nav{gap:24px}}
@media(max-width:700px){.masthead-inner{position:relative;min-height:111px;gap:10px}.main-nav{gap:18px;padding-left:0;padding-right:115px}.main-nav a{white-space:nowrap}.theme-toggle{position:absolute;right:0;bottom:9px;min-height:36px;padding:7px 8px;font-size:12px;gap:5px}}
@media(max-width:360px){.main-nav{gap:10px;padding-right:103px}.main-nav a{font-size:11px}.theme-toggle{font-size:11px;padding-inline:6px}}
@media print{:root[data-theme]{color-scheme:light;--paper:#fff;--ink:#0b1c2a;--teal:#007c8c;--muted:#536878;--secondary:#526776;--rule:#b9c6cf;--line:#d4dfe4;--surface:#fff;--selected:#e0f0f2}.theme-toggle{display:none}}

/* Valuation comparison uses the same typography and palette as the library. */
.ticker,.company-name{font-family:var(--sans);font-style:normal}.ticker{font-weight:700;letter-spacing:.035em}.company-name{font-weight:600;letter-spacing:normal}
.ranking-jump{display:inline-block;margin-top:18px;font-size:15px}.ranking-jump span{margin-left:8px}.value-ranking{border-top:1px solid var(--rule);margin-top:52px;padding-top:37px;scroll-margin-top:24px}.ranking-heading{display:flex;justify-content:space-between;align-items:flex-end;gap:24px}.ranking-heading h2{font-family:var(--serif);font-size:50px;letter-spacing:-.035em;line-height:1.1}.ranking-count{color:var(--muted);font-size:14px}.ranking-intro{max-width:960px;font-size:18px;color:var(--secondary);margin-top:20px;line-height:1.6}.ranking-intro strong{font-weight:400;color:var(--ink)}.ranking-controls{display:flex;gap:25px;align-items:flex-end;flex-wrap:wrap;margin-top:27px}.ranking-controls>div{display:flex;flex-direction:column;gap:8px;flex:1 1 300px;max-width:450px}.ranking-controls label{font-size:13px;font-weight:600}.ranking-controls select{width:100%;border:1px solid var(--input-rule);background:var(--surface);color:var(--ink);padding:11px 34px 11px 12px;border-radius:2px;font-size:14px;min-height:45px}.ranking-controls .text-button{margin:0 0 12px;font-size:14px}.ranking-assumption{font-size:13px;color:var(--muted);max-width:1020px;margin:19px 0 25px}.ranking-scroll{overflow-x:auto;overscroll-behavior-x:contain}.ranking-table{width:100%;min-width:850px;border-collapse:collapse;text-align:left;font-size:15px;font-variant-numeric:tabular-nums}.ranking-table th,.ranking-table td{padding:17px 12px;text-align:right;vertical-align:middle;white-space:nowrap}.ranking-table thead th{font-size:11px;font-weight:600;color:var(--secondary);letter-spacing:.06em;text-transform:uppercase;border-bottom:1px solid var(--rule)}.ranking-table th:first-child{text-align:left;padding-left:0}.ranking-table td:last-child,.ranking-table th:last-child{padding-right:0}.ranking-table .ranking-company{display:flex;align-items:center;gap:20px;white-space:normal;text-align:left;min-width:250px;font-weight:400}.ranking-company .company-name{display:block;font-size:15px;max-width:210px}.ranking-number{font-family:var(--serif);font-size:30px;color:var(--muted);min-width:34px;line-height:1}.ranking-date{display:block;color:var(--muted);font-size:12px;margin-top:5px}.ranking-score{color:var(--teal);font-weight:700;font-size:21px}.ranking-range{color:var(--secondary)}.ranking-detail-row td{padding:0 0 15px!important;border-bottom:1px solid var(--line);text-align:left;white-space:normal}.ranking-evidence summary{color:var(--teal);cursor:pointer;font-size:13px;padding:3px 0 0 54px}.ranking-evidence-content{padding:19px 20px 10px 54px;max-width:1000px;font-size:14px;line-height:1.65;color:var(--secondary)}.ranking-evidence-content blockquote{margin:13px 0;padding:7px 15px;border-left:2px solid var(--rule);font-size:13px}.ranking-status{font-size:12px;color:var(--muted);margin:15px 0 25px}.unranked-reports{padding:22px 0;border-bottom:1px solid var(--line)}.unranked-reports h3{font-family:var(--serif);font-size:25px;margin-bottom:10px}.unranked-reports p,.unranked-reports li{font-size:14px;color:var(--muted)}.unranked-reports li{margin-top:6px}.ranking-method{border-top:1px solid var(--rule);border-bottom:1px solid var(--rule);padding:18px 0}.ranking-method summary{cursor:pointer;font-family:var(--serif);font-size:23px}.ranking-method-content{max-width:920px;padding:10px 0 18px;color:var(--secondary);font-size:15px;line-height:1.7}.ranking-method-content h3{font-size:18px;font-weight:600;color:var(--ink);margin:22px 0 9px}.ranking-method-content code{font-size:13px;color:var(--ink);overflow-wrap:anywhere}.method-sources{font-size:13px}.ranking-method-content a{text-decoration:underline}
@media(max-width:700px){.value-ranking{margin-top:32px;padding-top:27px}.ranking-heading{display:block}.ranking-heading h2{font-size:39px}.ranking-count{margin-top:12px}.ranking-intro{font-size:16px}.ranking-controls{gap:16px}.ranking-controls>div{max-width:none;flex-basis:100%}.ranking-controls select{font-size:14px}.ranking-controls .text-button{margin:0}.ranking-table{min-width:820px}.ranking-table .ranking-company{min-width:220px}.ranking-number{font-size:26px}.ranking-score{font-size:18px}.ranking-assumption{font-size:12px}.ranking-evidence-content{padding-left:24px}.ranking-evidence summary{padding-left:24px}}