{
  "run": "005-lobbying-roi",
  "as_of": "2026-07-13",
  "source": "QuiverQuant lobbying + government contracts (API)",
  "year": 2025,
  "n_lobbyers": 1038,
  "n_won": 459,
  "pct_won_zero": 55.8,
  "total_lobbying": 1679868471,
  "total_contracts": 309356380132,
  "median_roi_all": 0.0,
  "median_roi_won": 16.02,
  "mean_roi_won": 436.9,
  "regression_winners": {
    "n": 459,
    "slope": 0.712,
    "slope_ci95": [
      0.537,
      0.886
    ],
    "intercept": 2.671,
    "r2": 0.123,
    "p": 9.891777672395922e-15,
    "resid_sd_dex": 1.438
  },
  "roi_sd_dex_winners": 1.452,
  "top_roi": [
    {
      "ticker": "LDOS",
      "name": "Leidos",
      "lobbying": 160000,
      "contracts": 10235455003,
      "roi": 63972
    },
    {
      "ticker": "RTX",
      "name": "RTX",
      "lobbying": 1090000,
      "contracts": 23516678749,
      "roi": 21575
    },
    {
      "ticker": "CACI",
      "name": "CACI",
      "lobbying": 590000,
      "contracts": 4993685416,
      "roi": 8464
    },
    {
      "ticker": "KFRC",
      "name": "KFRC",
      "lobbying": 550000,
      "contracts": 4498353172,
      "roi": 8179
    },
    {
      "ticker": "ATSG",
      "name": "ATSG",
      "lobbying": 80000,
      "contracts": 594362823,
      "roi": 7430
    },
    {
      "ticker": "TTEK",
      "name": "TTEK",
      "lobbying": 150000,
      "contracts": 850918404,
      "roi": 5673
    },
    {
      "ticker": "BALL",
      "name": "BALL",
      "lobbying": 730000,
      "contracts": 3045804979,
      "roi": 4172
    },
    {
      "ticker": "LMT",
      "name": "Lockheed Martin",
      "lobbying": 20235605,
      "contracts": 76647554631,
      "roi": 3788
    },
    {
      "ticker": "LHX",
      "name": "L3Harris",
      "lobbying": 2440000,
      "contracts": 8047278177,
      "roi": 3298
    },
    {
      "ticker": "HEI",
      "name": "HEI",
      "lobbying": 40000,
      "contracts": 118270778,
      "roi": 2957
    }
  ],
  "top_contracts": [
    {
      "ticker": "LMT",
      "name": "Lockheed Martin",
      "lobbying": 20235605,
      "contracts": 76647554631,
      "roi": 3788
    },
    {
      "ticker": "UNH",
      "name": "UNH",
      "lobbying": 16950000,
      "contracts": 25178590175,
      "roi": 1485
    },
    {
      "ticker": "BA",
      "name": "Boeing",
      "lobbying": 12450000,
      "contracts": 24093284492,
      "roi": 1935
    },
    {
      "ticker": "RTX",
      "name": "RTX",
      "lobbying": 1090000,
      "contracts": 23516678749,
      "roi": 21575
    },
    {
      "ticker": "NOC",
      "name": "Northrop Grumman",
      "lobbying": 8700000,
      "contracts": 13872237755,
      "roi": 1595
    },
    {
      "ticker": "MCK",
      "name": "MCK",
      "lobbying": 4910000,
      "contracts": 11938748261,
      "roi": 2432
    },
    {
      "ticker": "GD",
      "name": "General Dynamics",
      "lobbying": 12907958,
      "contracts": 11207826217,
      "roi": 868
    },
    {
      "ticker": "HII",
      "name": "Huntington Ingalls",
      "lobbying": 5973000,
      "contracts": 11152976469,
      "roi": 1867
    },
    {
      "ticker": "LDOS",
      "name": "Leidos",
      "lobbying": 160000,
      "contracts": 10235455003,
      "roi": 63972
    },
    {
      "ticker": "LHX",
      "name": "L3Harris",
      "lobbying": 2440000,
      "contracts": 8047278177,
      "roi": 3298
    },
    {
      "ticker": "BAH",
      "name": "Booz Allen",
      "lobbying": 4160000,
      "contracts": 7650664640,
      "roi": 1839
    },
    {
      "ticker": "PSN",
      "name": "PSN",
      "lobbying": 2725000,
      "contracts": 7077858996,
      "roi": 2597
    }
  ]
}