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Research firm
William Blair
Period: Reporting periods mapped to calendar 2024 Q3 – 2026 Q3 (9 quarters).
- Questions
- 775on tracked calls
- Challenge rate
- 6%50 of 775 questions
- Analysts
- 55with at least one question
- Companies
- 134questioned at least once
These figures cover the whole profile: every tracked question, all reporting periods.
How to read these numbers
Challenge rate is the share of questions that pushed back, pressed for specifics or questioned management’s assumptions. It describes how questions were asked on the calls tracked here; it does not measure whether any view turned out to be right.
Rounding. Rates are rounded to whole percentages, so a small share can show as 0% even when some questions were challenging. The count beside each rate is exact; “none of N questions” means no question was challenging.
No questions recorded. “—” means there is nothing to calculate: no questions were recorded for that period on the calls tracked here. It does not mean there was no activity.
Small samples. Profiles with fewer than 10 questions are marked Limited sample.
Reporting periods. Questions are grouped by the calendar quarter each company’s fiscal reporting period maps to, not by the date of the call. Periods without a calendar mapping are listed separately under their fiscal label.
Analysts
Most questions first. Each challenge rate shows the exact count behind it.
| Analyst | Companies | Questions | Challenge rate |
|---|---|---|---|
| Ryan Merkel | 6 | 59 | 20%12 of 59 questions |
| Andrew Nicholas | 7 | 52 | 4%2 of 52 questions |
| Jon Ho | 7 | 47 | 4%2 of 47 questions |
| Neal Dingmann | 14 | 47 | 2%1 of 47 questions |
| Sharon Zackfia | 7 | 38 | 5%2 of 38 questions |
| Andrew Jeffrey | 9 | 35 | 3%1 of 35 questions |
| Brandon Vazquez | 6 | 35 | 11%4 of 35 questions |
| Tim Mulrooney | 5 | 32 | 13%4 of 32 questions |
| Matt Larew | 4 | 28 | 14%4 of 28 questions |
| Arjun Bhatia | 7 | 27 | 0%none of 27 questions |
- Ryan Merkel6 companies · 59 questions20%12 of 59 questions
- Andrew Nicholas7 companies · 52 questions4%2 of 52 questions
- Jon Ho7 companies · 47 questions4%2 of 47 questions
- Neal Dingmann14 companies · 47 questions2%1 of 47 questions
- Sharon Zackfia7 companies · 38 questions5%2 of 38 questions
- Andrew Jeffrey9 companies · 35 questions3%1 of 35 questions
- Brandon Vazquez6 companies · 35 questions11%4 of 35 questions
- Tim Mulrooney5 companies · 32 questions13%4 of 32 questions
- Matt Larew4 companies · 28 questions14%4 of 28 questions
- Arjun Bhatia7 companies · 27 questions0%none of 27 questions
Show all 55 analysts
| Analyst | Companies | Questions | Challenge rate |
|---|---|---|---|
| Dylan Becker | 4 | 27 | 0%none of 27 questions |
| Trevor Romeo | 2 | 26 | 0%none of 26 questions |
| Ralph Schackart | 4 | 25 | 8%2 of 25 questions |
| Sebastien Naji | 7 | 24 | 8%2 of 24 questions |
| Jeff Schmitt | 4 | 24 | 8%2 of 24 questions |
| Louie DiPalma | 3 | 22 | 0%none of 22 questions |
| Maggie Nolan | 3 | 21 | 0%none of 21 questions |
| Matt Phipps | 5 | 18 | 11%2 of 18 questions |
| Jason Ader | 3 | 18 | 17%3 of 18 questions |
| Stephen Sheldon | 2 | 17 | 6%1 of 17 questions |
| Steve Lichtman | 5 | 17 | 6%1 of 17 questions |
| Jake Roberge | 3 | 15 | 0%none of 15 questions |
| Chris Kennedy | 3 | 14 | 0%none of 14 questions |
| Brian Drab | 2 | 14 | 0%none of 14 questions |
| Andrew Brackmann | 4 | 13 | 0%none of 13 questions |
| Max SmockLimited sample | 1 | 9 | 11%1 of 9 questions |
| Samuel KusswurmLimited sample | 4 | 7 | 43%3 of 7 questions |
| Bert DonnesLimited sample | 2 | 6 | 17%1 of 6 questions |
| Luke McFaddenLimited sample | 2 | 6 | 0%none of 6 questions |
| Ryan DanielsLimited sample | 1 | 6 | 0%none of 6 questions |
| Jon DorsheimerLimited sample | 1 | 6 | 0%none of 6 questions |
| Willow MillerLimited sample | 1 | 4 | 0%none of 4 questions |
| Faith BrunnerLimited sample | 2 | 3 | 0%none of 3 questions |
| Tom RoeschLimited sample | 2 | 2 | 0%none of 2 questions |
| Dylan CardenLimited sample | 1 | 2 | 0%none of 2 questions |
| Margaret KaczorLimited sample | 2 | 2 | 0%none of 2 questions |
| Myles MinterLimited sample | 1 | 2 | 0%none of 2 questions |
| Christine RainsLimited sample | 2 | 2 | 0%none of 2 questions |
| Sebastian NajLimited sample | 1 | 2 | 0%none of 2 questions |
| Dan MaxwellLimited sample | 1 | 2 | 0%none of 2 questions |
| Adib ChoudhuryLimited sample | 2 | 2 | 0%none of 2 questions |
| Patrick McIlweeLimited sample | 1 | 2 | 0%none of 2 questions |
| Jon AndersenLimited sample | 1 | 2 | 0%none of 2 questions |
| Renee GagliardoLimited sample | 1 | 2 | 0%none of 2 questions |
| Tyler MuellerLimited sample | 1 | 1 | 0%none of 1 question |
| Will HoLimited sample | 1 | 1 | 0%none of 1 question |
| Unidentified AnalystLimited sample | 1 | 1 | 0%none of 1 question |
| Russell YuenLimited sample | 1 | 1 | 0%none of 1 question |
| John BoyleLimited sample | 1 | 1 | 0%none of 1 question |
| Maggie WilmouthLimited sample | 1 | 1 | 0%none of 1 question |
| Macauley KilbaneLimited sample | 1 | 1 | 0%none of 1 question |
| Tom RodsdonLimited sample | 1 | 1 | 0%none of 1 question |
| Melissa McMahonLimited sample | 1 | 1 | 0%none of 1 question |
| Joel RiechersLimited sample | 1 | 1 | 0%none of 1 question |
| Jacob ZerbibLimited sample | 1 | 1 | 0%none of 1 question |
- Dylan Becker4 companies · 27 questions0%none of 27 questions
- Trevor Romeo2 companies · 26 questions0%none of 26 questions
- Ralph Schackart4 companies · 25 questions8%2 of 25 questions
- Sebastien Naji7 companies · 24 questions8%2 of 24 questions
- Jeff Schmitt4 companies · 24 questions8%2 of 24 questions
- Louie DiPalma3 companies · 22 questions0%none of 22 questions
- Maggie Nolan3 companies · 21 questions0%none of 21 questions
- Matt Phipps5 companies · 18 questions11%2 of 18 questions
- Jason Ader3 companies · 18 questions17%3 of 18 questions
- Stephen Sheldon2 companies · 17 questions6%1 of 17 questions
- Steve Lichtman5 companies · 17 questions6%1 of 17 questions
- Jake Roberge3 companies · 15 questions0%none of 15 questions
- Chris Kennedy3 companies · 14 questions0%none of 14 questions
- Brian Drab2 companies · 14 questions0%none of 14 questions
- Andrew Brackmann4 companies · 13 questions0%none of 13 questions
- 11%1 of 9 questions
- 43%3 of 7 questions
- 17%1 of 6 questions
- 0%none of 6 questions
- 0%none of 6 questions
- 0%none of 6 questions
- 0%none of 4 questions
- 0%none of 3 questions
- 0%none of 2 questions
- 0%none of 2 questions
- 0%none of 2 questions
- 0%none of 2 questions
- 0%none of 2 questions
- 0%none of 2 questions
- 0%none of 2 questions
- 0%none of 2 questions
- 0%none of 2 questions
- 0%none of 2 questions
- 0%none of 2 questions
- 0%none of 1 question
- 0%none of 1 question
- 0%none of 1 question
- 0%none of 1 question
- 0%none of 1 question
- 0%none of 1 question
- 0%none of 1 question
- 0%none of 1 question
- 0%none of 1 question
- 0%none of 1 question
- 0%none of 1 question
Companies
Most questions first, counting every analyst at this firm.
- TECHBio-Techne14 questions
- CVNACarvana Co.14 questions
- WMWaste Management14 questions
- TRMBTrimble Inc.14 questions
- CTASCintas13 questions
- PAYXPaychex13 questions
- CBRECBRE Group13 questions
- EPAMEPAM Systems13 questions
- GWWW. W. Grainger13 questions
- MSIMotorola Solutions13 questions
- POOLPool Corporation13 questions
- ROLRollins, Inc.13 questions
- RSGRepublic Services13 questions
- AIZAssurant12 questions
- FASTFastenal12 questions
- ITGartner12 questions
- LIILennox International12 questions
- PATHUiPath Inc.11 questions
- EFXEquifax10 questions
- IDXXIdexx Laboratories10 questions
- CRLCharles River Laboratories10 questions
- CPAYCorpay10 questions
- IOTSamsara Inc.9 questions
- VEEVVeeva Systems Inc.9 questions
Show all 134 companies
- NTAPNetApp9 questions
- ALGNAlign Technology9 questions
- APPApplovin Corp9 questions
- AXONAxon Enterprise Inc.9 questions
- EVEREverQuote, Inc.9 questions
- FANGDiamondback Energy9 questions
- ROPRoper Technologies9 questions
- TWLOTwilio Inc.9 questions
- ZTSZoetis9 questions
- AKAMAkamai Technologies9 questions
- FDSFactSet8 questions
- JKHYJack Henry & Associates8 questions
- FIXComfort Systems USA, Inc.8 questions
- HSICHenry Schein8 questions
- TYLTyler Technologies8 questions
- WSTWest Pharmaceutical Services8 questions
- ECLEcolab7 questions
- EQTEQT Corporation7 questions
- GNRCGenerac7 questions
- SOFISoFi Technologies, Inc.7 questions
- VRSKVerisk7 questions
- ZBRAZebra Technologies7 questions
- DVNDevon Energy7 questions
- CMGChipotle Mexican Grill7 questions
- DXCMDexCom7 questions
- COOCooper Companies (The)6 questions
- APAAPA Corporation6 questions
- ASTSAST SpaceMobile, Inc.6 questions
- CAVACAVA Group, Inc.6 questions
- CTSHCognizant6 questions
- EMEEMCOR Group, Inc.6 questions
- FIGFigma, Inc.6 questions
- GDDYGoDaddy6 questions
- OKLOOklo Inc.6 questions
- DGXQuest Diagnostics6 questions
- DUOLDuolingo, Inc.6 questions
- EXEExpand Energy6 questions
- DDOGDatadog6 questions
- ARMArm Holdings5 questions
- MDBMongoDB, Inc.5 questions
- AFRMAffirm Holdings, Inc.5 questions
- FERGFerguson plc5 questions
- TMOThermo Fisher Scientific5 questions
- AXPAmerican Express Company5 questions
- NDAQNasdaq, Inc.5 questions
- AMPAmeriprise Financial5 questions
- PEverpure, Inc.4 questions
- CRDOCredo Technology Group Holding Ltd4 questions
- RMDResMed4 questions
- TEAMAtlassian4 questions
- BLDRBuilders FirstSource4 questions
- CHYMChime Financial, Inc. Class A Common Stock4 questions
- CSGPCoStar Group4 questions
- INCYIncyte4 questions
- INSMInsmed Incorporated4 questions
- MPWRMonolithic Power Systems4 questions
- NETCloudflare, Inc.4 questions
- ALABAstera Labs, Inc. Common Stock4 questions
- AMGNAmgen Inc.4 questions
- SYKStryker Corporation4 questions
- CCLCarnival4 questions
- SPGIS&P Global4 questions
- OXYOccidental Petroleum4 questions
- BMYBristol Myers Squibb4 questions
- INTUIntuit3 questions
- CBOECboe Global Markets3 questions
- MCOMoody's Corporation3 questions
- MRNAModerna3 questions
- RCLRoyal Caribbean Group3 questions
- UUnity Software Inc.3 questions
- ZBHZimmer Biomet3 questions
- COINCoinbase Global3 questions
- CSCOCisco Systems, Inc.3 questions
- FISVFiserv, Inc.3 questions
- TEMTempus AI, Inc.3 questions
- ANETArista Networks3 questions
- LHLabCorp3 questions
- FFIVF5, Inc.3 questions
- LDOSLeidos3 questions
- ABBVAbbVie2 questions
- MAMastercard2 questions
- SBUXStarbucks2 questions
- SHOPShopify2 questions
- CDWCDW2 questions
- ROSTRoss Stores2 questions
- VVisa Inc.2 questions
- CELHCelsius Holdings, Inc.2 questions
- HOLXHologic2 questions
- PANWPalo Alto Networks2 questions
- LULULululemon Athletica2 questions
- KMIKinder Morgan2 questions
- PODDInsulet Corporation2 questions
- CTRACoterra2 questions
- EOGEOG Resources2 questions
- EPDEnterprise Products Partners L.P.2 questions
- OKEONEOK2 questions
- TRGPTarga Resources2 questions
- CRWDCrowdStrike1 question
- ADBEAdobe Inc.1 question
- WATWaters Corporation1 question
- CRCLCircle Internet Group1 question
- NOWServiceNow1 question
- XYZBlock, Inc.1 question
- BIIBBiogen1 question
- FISFidelity National Information Services1 question
- IQVIQVIA1 question
- COPConocoPhillips1 question
- CVXChevron Corporation1 question
- ROKURoku, Inc.1 question
- TMUST-Mobile US, Inc.1 question
Activity by reporting period
Questions recorded for each calendar quarter that companies’ reporting periods map to (not the call date), with the challenge rate for that period. Periods inside the range with no questions are shown as “No questions recorded”.
| Calendar period | Questions | Challenge rate | Analysts | Companies |
|---|---|---|---|---|
| 2024 Q3 | 7 | 29%2 of 7 questions | 5 | 5 |
| 2024 Q4 | 122 | 6%7 of 122 questions | 31 | 80 |
| 2025 Q1 | 96 | 6%6 of 96 questions | 31 | 64 |
| 2025 Q2 | 107 | 7%7 of 107 questions | 32 | 75 |
| 2025 Q3 | 120 | 3%4 of 120 questions | 35 | 82 |
| 2025 Q4 | 116 | 7%8 of 116 questions | 28 | 80 |
| 2026 Q1 | 109 | 10%11 of 109 questions | 30 | 75 |
| 2026 Q2 | 86 | 5%4 of 86 questions | 30 | 68 |
| 2026 Q3 | 12 | 8%1 of 12 questions | 9 | 11 |
- 2024 Q37 questions · challenge rate 29% (2 of 7 questions) · 5 analysts · 5 companies
- 2024 Q4122 questions · challenge rate 6% (7 of 122 questions) · 31 analysts · 80 companies
- 2025 Q196 questions · challenge rate 6% (6 of 96 questions) · 31 analysts · 64 companies
- 2025 Q2107 questions · challenge rate 7% (7 of 107 questions) · 32 analysts · 75 companies
- 2025 Q3120 questions · challenge rate 3% (4 of 120 questions) · 35 analysts · 82 companies
- 2025 Q4116 questions · challenge rate 7% (8 of 116 questions) · 28 analysts · 80 companies
- 2026 Q1109 questions · challenge rate 10% (11 of 109 questions) · 30 analysts · 75 companies
- 2026 Q286 questions · challenge rate 5% (4 of 86 questions) · 30 analysts · 68 companies
- 2026 Q312 questions · challenge rate 8% (1 of 12 questions) · 9 analysts · 11 companies
Topics and sectors
Topics tagged on this firm’s questions
- Demand237
- Revenue Growth175
- Competitive Dynamics155
- Cloud & AI131
- Innovation & R&D126
- Margin98
- Product Launch82
- Pricing68
- Guidance Reliability60
- M&A55
Show all 23 topics
- Macroeconomic49
- Cost Pressure47
- Capex Investment44
- Regulation Policy39
- Geographic Expansion35
- Capital Allocation31
- Subscriber Growth23
- Trade Tariffs21
- Supply Chain20
- Credit16
- Labor Market13
- Inventory4
- Fx2
Questions by company sector
- Technology241
- Industrials168
- Healthcare146
- Financial Services65
- Consumer Cyclical53
- Energy53
- Real Estate17
- Communication Services17
- Basic Materials7
- Utilities6
- Consumer Defensive2