Compare filings
Compare marks exactly what is new, what changed, and what was removed since an earlier filing. It is free, and you do not need to run Sift. Run Sift as well if you want the changes ranked for you, so you land on the ones that actually matter instead of reading every one.
How to turn it on
Open a filing, open the analysis panel, and find the "Compare" control. Select an earlier filing of the same type to compare against. SECSift matches the two and marks the differences right in the document.
What the marks mean
The panel shows three counts, and the document is marked to match:
- New: Text that is in this filing but was not in the earlier one.
- Changed: Text that is in both, but worded or numbered differently.
- Removed: Text that was in the earlier filing but is gone from this one.
Turn each of the three on or off, so you can focus on just what is new, or just what was removed.
Two views
- Redline: Highlights the new, changed, and removed parts in color, inside the normal document. Best for reading while seeing what moved.
- Blackline: Fades every block that did not change down to faint text, leaving the new, changed, and removed parts at full strength. Best when you only want to see what moved.
Tables
Tables are compared cell by cell, not as text. A new period shows up as a new column, a new line item as a new row, and a value that changed for the same line and the same date is marked in blue with an underline. That last one means the two filings disagree about a number that should not have moved, usually a restatement or a reclassification.
Inside a paragraph, only the words that changed carry the full highlight, so a one-number edit does not paint the whole passage.
Why this is useful
Companies reuse a lot of language from one filing to the next. What's most important is often in the handful of lines they changed. Compare finds those lines, so you are not re-reading the 90% that stayed the same. It works well for a new risk factor, a changed accounting note, or a reworded outlook.