Guns

Screening Filters

1. Market Cap ≥ $100M (market_cap: {'min': '100000000'})

   • Purpose: Focus on companies of at least small‑mid size, avoiding micro‑cap and very illiquid stocks.
   • Rationale: For financial performance and stock analysis in a specific industry (firearms), it’s more useful to look at firms with meaningful scale. Companies above $100M market cap are more likely to:
     • Have established operations in firearms or related defense products
     • Provide more consistent financial disclosures and analyst coverage
     • Offer more reliable price and volume data for stock analysis

2. Region = United States (region: ['United States'])

   • Purpose: Limit results to U.S.-based companies.
   • Rationale: The modern firearms industry (civilian and many defense-related manufacturers) has a strong concentration in the U.S. By focusing on U.S. companies:
     • You capture the main publicly traded players in civilian firearms and accessories
     • You align with U.S. regulatory, legal, and reporting frameworks, which simplifies financial and risk analysis
     • You avoid complexities of cross‑border reporting standards and different disclosure quality

3. Exchange = NYSE, NASDAQ, AMEX (list_exchange: ['XNYS', 'XNAS', 'XASE'])

   • Purpose: Include only major U.S. exchanges (New York Stock Exchange, NASDAQ, NYSE American).
   • Rationale: Firearms-related companies of interest to most investors (e.g., manufacturers, major distributors, allied defense contractors with firearms exposure) are typically listed on these main exchanges. This filter:
     • Ensures better liquidity and narrower spreads for the stocks you examine
     • Excludes OTC/pink sheet names that can be highly speculative, thinly traded, and less transparent
     • Increases the likelihood of timely, audited financial statements for performance analysis

4. Revenue (TTM) ≥ $100M (revenue_ttm: {'min': '100000000'})

   • Purpose: Capture firearms industry companies with substantial, ongoing business operations.
   • Rationale: For meaningful financial performance analysis, you want companies generating significant sales:
     • $100M+ trailing twelve‑month revenue helps filter out shell companies, very early-stage businesses, or marginal operators
     • Firearms manufacturers and major accessories/defense firms typically exceed this threshold, making their income statements and growth trends more informative
     • Larger revenues usually mean more data points (segment reporting, product lines) to analyze industry exposure and performance drivers

5. Debt-to-Equity ≤ 4.0 (debt_equity: {'max': '4.0'})

   • Purpose: Exclude extremely overleveraged companies.
   • Rationale: When analyzing financial performance and stock quality, capital structure matters:
     • A D/E cap of 4.0 allows for companies that use leverage (common in manufacturing/defense) but screens out the most heavily indebted names that may be at higher financial risk
     • This helps focus on businesses where the operating performance of the firearms segment is more important than sheer balance-sheet stress
     • It improves comparability across peer companies by avoiding outliers with unsustainably high leverage

Why Results Match the Firearms-Industry Request

• The U.S. region and major exchanges filters target the core public market where most recognized firearms-related companies (manufacturers, distributors, and some defense contractors with firearms lines) are listed.
• The market cap and revenue thresholds ensure you’re analyzing companies with meaningful scale in their operations, where financial performance trends (growth, margins, cash flow) are reliable enough to study.
• The debt-to-equity limit focuses the list on firms with at least somewhat manageable leverage, so financial performance isn’t dominated by distress risk, making the analysis of their firearms businesses more valid.

Together, these filters narrow the universe to reasonably established, U.S.-listed firearms-industry or firearms-exposed companies where financial performance and stock analysis are most practical and informative.