{
 "company": "Verisk Analytics, Inc.",
 "ticker": "VRSK",
 "sector": "Consulting Services",
 "fiscalYearEnd": null,
 "revenueUsdM": 3072.7,
 "normalizedSga": {
  "pctRevenue": 13.27,
  "peerCount": 10,
  "peerMedianPctRevenue": 24.3,
  "peerLeanQuartilePctRevenue": 18.0,
  "peers": [
   {
    "ticker": "EFX",
    "name": "Equifax Inc.",
    "normalizedSgaPctRevenue": 25.42
   },
   {
    "ticker": "TRU",
    "name": "TransUnion",
    "normalizedSgaPctRevenue": 26.22
   },
   {
    "ticker": "FICO",
    "name": "Fair Isaac Corporation",
    "normalizedSgaPctRevenue": 24.28
   },
   {
    "ticker": "IT",
    "name": "Gartner, Inc.",
    "normalizedSgaPctRevenue": 47.21
   },
   {
    "ticker": "FCN",
    "name": "FTI Consulting, Inc.",
    "normalizedSgaPctRevenue": 20.4
   },
   {
    "ticker": "HURN",
    "name": "Huron Consulting Group Inc.",
    "normalizedSgaPctRevenue": 18.04
   },
   {
    "ticker": "ICFI",
    "name": "ICF International, Inc.",
    "normalizedSgaPctRevenue": 26.29
   },
   {
    "ticker": "BR",
    "name": "Broadridge Financial Solutions, Inc.",
    "normalizedSgaPctRevenue": 13.76
   },
   {
    "ticker": "CRAI",
    "name": "CRA International, Inc.",
    "normalizedSgaPctRevenue": 17.96
   }
  ],
  "definition": "Reported SG&A less the disclosed lines that distort comparison: advertising, R&D, pension, stock-based compensation, restructuring and one-time items, plus logistics reclassed where filers park it in SG&A."
 },
 "disclosedLines": [
  {
   "key": "advertising",
   "label": "Advertising",
   "pctRevenue": 0.32,
   "companiesDisclosing": 6,
   "peersDisclosing": [
    {
     "ticker": "EFX",
     "pctRevenue": 1.15
    },
    {
     "ticker": "TRU",
     "pctRevenue": 1.42
    },
    {
     "ticker": "FICO",
     "pctRevenue": 1.49
    },
    {
     "ticker": "FCN",
     "pctRevenue": 0.71
    },
    {
     "ticker": "HURN",
     "pctRevenue": 0.68
    }
   ],
   "note": "Brand spend is not the overhead question here."
  },
  {
   "key": "research_dev",
   "label": "R&D",
   "pctRevenue": 1.33,
   "companiesDisclosing": 2,
   "peersDisclosing": [
    {
     "ticker": "FICO",
     "pctRevenue": 9.46
    }
   ],
   "note": "R&D in this cohort is product engineering and varies by design. Not where the overhead question lives."
  },
  {
   "key": "stock_comp",
   "label": "Stock-based comp",
   "pctRevenue": 1.76,
   "companiesDisclosing": 9,
   "peersDisclosing": [
    {
     "ticker": "EFX",
     "pctRevenue": 1.29
    },
    {
     "ticker": "TRU",
     "pctRevenue": 3.18
    },
    {
     "ticker": "FICO",
     "pctRevenue": 7.87
    },
    {
     "ticker": "IT",
     "pctRevenue": 2.4
    },
    {
     "ticker": "FCN",
     "pctRevenue": 1.04
    },
    {
     "ticker": "HURN",
     "pctRevenue": 2.74
    },
    {
     "ticker": "ICFI",
     "pctRevenue": 0.95
    },
    {
     "ticker": "CRAI",
     "pctRevenue": 0.78
    }
   ],
   "note": "Right at the peer median. Not distorting the overhead picture."
  }
 ],
 "gapToPeers": null,
 "tsrBridge": [
  {
   "label": "1 year",
   "span": "FY2024 to FY2025",
   "companyTsrPct": -18,
   "peerTsrPct": -6,
   "driverPp": {
    "Revenue growth": -0.3,
    "Gross margin": 7.5,
    "SG&A": -9.5,
    "Multiple": -11.6,
    "Other": 2.0
   }
  },
  {
   "label": "3 years",
   "span": "FY2022 to FY2025",
   "companyTsrPct": 29,
   "peerTsrPct": 65,
   "driverPp": {
    "Revenue growth": -4.8,
    "Gross margin": 12.5,
    "SG&A": -43.5,
    "Multiple": -10.1,
    "Other": 9.9
   }
  },
  {
   "label": "5 years",
   "span": "FY2020 to FY2025",
   "companyTsrPct": 11,
   "peerTsrPct": 113,
   "driverPp": {
    "Revenue growth": -27.3,
    "Gross margin": 7.3,
    "SG&A": -47.2,
    "Multiple": -33,
    "Other": -1.5
   }
  },
  {
   "label": "10 years",
   "span": "FY2016 to FY2025",
   "companyTsrPct": 188,
   "peerTsrPct": 331,
   "driverPp": {
    "Revenue growth": -77.8,
    "Gross margin": 37.7,
    "SG&A": -56.1,
    "Multiple": -55.6,
    "Other": 8.8
   }
  }
 ],
 "recentQuarter": null,
 "sources": [
  "10-K and 10-Q filings (US GAAP)",
  "XBRL company facts",
  "earnings releases"
 ],
 "urls": {
  "briefing": "https://sgabenchmarking.com/r/VRSK",
  "json": "https://sgabenchmarking.com/r/VRSK.json",
  "industryBenchmarks": "https://sgabenchmarking.com/catalog.json"
 },
 "publisher": "SG&A Benchmarking, https://sgabenchmarking.com"
}