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Why evaluate?

When financial institutions adopt agentic platforms for research automation, report quality is not optional. Accuracy, source provenance, analytical depth, and professional presentation must meet institutional standards across every report. To measure how well Bigdata MCP tools support this bar, we run structured comparative evaluations. Each evaluation takes the same prompt and generates two reports side by side: one grounded in Bigdata MCP tools (with access to SEC filings, earnings transcripts, analyst notes, and structured financial data) and one using general web search. Both reports are then scored across eight dimensions on a 1-10 scale. The goal is not to declare a winner in every category, but to surface where premium data access materially improves output quality and where it does not, giving teams a clear picture of the value MCP-grounded workflows deliver at scale.

Comparative Evaluation example

Figma Q4 2025 Earnings Digest

On February 21, 2026, we evaluated the following reports:
  • Claude + Web Search: Generated using Claude and the general web search tool
  • Claude + Bigdata MCP: Generated using Claude, Bigdata MCP tools and Bigdata skill workflow
Methodology: Each report is scored across 8 dimensions on a 1-10 scale (10 = best). Scores are based on factual accuracy verified against primary sources (Figma press release, SEC filings, CNBC, Yahoo Finance, Fortune, Motley Fool transcript), completeness, analytical depth, and professional presentation.

1. Factual Accuracy of Financial Data

CriterionClaude + Web SearchClaude + Bigdata MCP
Q4 Revenue ($303.8M, +40% YoY)CorrectCorrect
FY Revenue ($1.056B, +41% YoY)CorrectCorrect
Non-GAAP EPS ($0.08 vs $0.07 est.)States consensus was $(0.20), comparing GAAP vs non-GAAP. LSEG consensus for adj. EPS was $0.07, not $(0.20). The “$0.28 beat” is misleading.Correct
GAAP Net Loss ($226.6M)CorrectCorrect
Non-GAAP Op Income ($44M, 14%)CorrectCorrect
Q4 2024 Non-GAAP Op MarginStates 26%. Plausible from prior quarter data but not independently verified as Q4 2024 specifically.Not stated
NDR (136%, +5pp QoQ)CorrectCorrect
Guidance (Q1: $315-$317M; FY26: $1.366-$1.374B)CorrectCorrect
FY25 Non-GAAP Op Income ($130M)Referenced indirectlyCorrect (explicitly stated, sourced)
Cash position ($1.7B)CorrectCorrect
FY25 Adjusted FCF ($243.4M)States $242.7M, a minor ~$0.7M discrepancyCorrect
GAAP Gross Margin decline (92% to 82%)Correctly identifiedNot broken out separately
Customer >$10K ARR (13,861)CorrectCorrect
Customer >$1M ARR (67, +68% YoY)CorrectCorrect
Prior-year Q4 revenue ($216.9M)CorrectCorrect
Stock after-hours move (~15%)Stated 15%Stated 15-18%
Score, Web Search: 7.5 — Core revenue, customer, and guidance figures are accurate. The EPS consensus comparison is the most material issue: presenting a GAAP loss estimate of $(0.20) against adjusted EPS of $0.08 to claim a “$0.28 beat” conflates GAAP and non-GAAP measures, which is misleading in a professional digest. The FCF discrepancy is minor. Score, Bigdata MCP: 9.0 — Highly accurate across all key metrics. Minor nit: the “$289M net cash” balance sheet figure and some derived ratios (current ratio 2.58x) are not independently verified but appear reasonable.

2. Source Quality and Attribution

CriterionWeb SearchBigdata MCP
Number of unique sources1117
Primary sources usedStockTitan (press release), CNBC, Yahoo Finance, FortuneSEC filings (8-K), Quartr transcripts, earnings slides, press release
Analyst note accessIndirect, analyst actions sourced from aggregator sites (GuruFocus, Meyka)Direct access to broker notes (Wells Fargo, JPM, MS, GS, Stifel, RBC, Piper) via Bigdata
Transcript depthEarnings call highlights via MarketBeat/Yahoo summaryFull earnings call transcript cited with specific claims
Source diversityGood: mix of press release, news coverage, analyst aggregatorsExcellent: mix of filings, transcripts, slides, analyst notes, news
All links functionalAll links are publicly accessibleBigdata.com links require platform access; Quartr links are PDFs
Score, Web Search: 7.5 — Solid sourcing from reputable business media. However, reliance on aggregator sites for analyst data (GuruFocus, Meyka, Stock Observer) introduces a layer of indirection. No SEC filing, 10-K, or full transcript directly cited. All links are publicly accessible, which is a practical advantage. Score, Bigdata MCP: 9.5 — Outstanding source quality. Direct access to SEC filings, full earnings transcripts, investor presentations, and individual analyst research notes is the gold standard for an earnings digest. The only drawback is that several links require Bigdata.com platform access.

3. Completeness and Coverage

SectionWeb SearchBigdata MCP
Executive SummaryYesYes
Financial Results TableYesYes
Revenue & Margin AnalysisDetailed, includes GAAP gross margin trendDetailed
Customer KPIs TableMissing YoY for $10K and $100K cohortsFull table with Q4 2024 comparisons
AI/Product MetricsSlightly more detail (60% non-designers, 80% also use Design)Good
Enterprise AnecdotesLess specificSpecific examples
Forward GuidanceFull tableFull table with consensus comparisons
Strategic Commentary4 priorities, includes AI partnerships (MCP, model integrations)3 priorities well explained
Cash Flow & Balance SheetIncludes deferred revenue ($595.3M), capital allocation (Weavy acquisition)Detailed with derived metrics (net debt, working capital, current ratio)
Surprises vs. Expectations4 positive, 4 negative, slightly more granular4 positive, 3 negative
Analyst Reactions6 firms, includes Barclays upgrade, but fewer details7 firms with names, ratings, old/new PTs
Investment ImplicationsWell structured, includes specific valuation context (~12x revenue)Well structured
Sources Section11 sources17 sources
DisclaimerIncludedMissing
Score, Web Search: 8.5 — Also very comprehensive, with some unique details: GAAP gross margin compression trend, deferred revenue, Weavy acquisition specifics, the 60% non-designer stat for Make, and the Barclays upgrade. Customer KPI table is less detailed (missing YoY for two major cohorts). Includes a proper disclaimer. Score, Bigdata MCP: 9.0 — Exceptionally comprehensive. The customer KPI table with full year-over-year comparisons is a standout. The analyst table with 7 firms, specific analysts, and old/new price targets is highly professional. Minor gap: no disclaimer.

4. Analytical Depth and Insight

CriterionWeb SearchBigdata MCP
Revenue beat contextualizationSameQuantifies vs. guidance and consensus
Margin trajectory analysisBetter: includes GAAP gross margin erosion from AI costsFY25 to FY26 compression discussed
NDR analysisGood: “highest in 10 quarters” framingGood: 5pp QoQ and historical context
International opportunity sizingGood but less emphasis on the gapExcellent: 85% MAU vs 54% revenue gap quantified
Valuation contextBetter: provides ~12x revenue multiple, $12B market capLimited: notes stock -77% from highs
Competitive risk framingNames specific competitors (Anthropic, OpenAI)“Vibe coding” risk noted
FCF trajectory analysisBetter: notes Q1 41% to Q4 13% sequential decline, explains driversQ4 only
Consumption model riskNoted similarlyNoted as execution risk
SBC analysisBetter: quantifies $1.36B FY total, $975.7M one-time Q3 chargeBrief
Guidance conservatism assessmentGood but less explicitStrong: notes 40% exit rate vs 30% guide
Score, Web Search: 9.0 — Slightly stronger analytical depth overall, particularly on margin trends (GAAP gross margin erosion), FCF sequential deterioration, SBC quantification, and valuation context. The 60% non-designer adoption stat is a strong insight about TAM expansion. Score, Bigdata MCP: 8.5 — Strong analytical framework with good insight on the international revenue/MAU gap and guidance conservatism. Could use more on valuation and FCF trajectory.

5. Structure and Readability

Both reports follow nearly identical section structures, which is sensible for an earnings digest format.
CriterionWeb SearchBigdata MCP
Logical flowExcellentExcellent
Use of tablesWell-placedWell-placed, informative
ScannabilityClear headers, numbered listsClear headers, numbered lists
Length appropriateness~220 lines, appropriate~210 lines, appropriate
Internal consistencyMinor: the EPS consensus mismatch creates internal confusionConsistent
”Chain of thought” artifacts at topClean, no processing artifactsLine 1 contains visible processing notes
Score, Web Search: 9.0 — Clean, professional presentation from the first line. No artifacts or processing notes. Score, Bigdata MCP: 8.0 — Excellent structure, but the visible chain-of-thought processing notes at the very top of the file is unprofessional and should have been removed before final output.

6. Analyst Coverage Quality

CriterionWeb SearchBigdata MCP
Number of firms covered67
Named analysts1 (Jaluria)4 (Turrin, Murphy, Porter, Rudoff, Jaluria)
Prior PTs shownYesYes, enables change tracking
Rating changes notedExplicit (maintained/upgraded)Implicit (all maintained)
Unique coverageBarclays upgrade to Neutral (not in Bigdata MCP report)
Consensus context”Hold, avg $41-$48”, this range seems high vs. the individual targets shown (most are $30-$44)“Hold, median $35, range $30-$44”
Narrative contextExplains SaaS deratingExplains paradox of lowered PTs despite beat
Score, Web Search: 7.5 — Good coverage, and includes the Barclays upgrade which is unique. However, the consensus price target range of “$41-$48” appears inconsistent with the individual targets listed (most are $30-$44), which undermines credibility. Fewer named analysts. Score, Bigdata MCP: 9.0 — More detailed analyst table with named analysts and more firms. The consensus summary ($35 median, $30-$44 range) aligns well with the individual data points shown.

7. Timeliness and Recency

Both reports are dated February 21, 2026 (3 days post-earnings on Feb 18).
CriterionWeb SearchBigdata MCP
Incorporates earnings dataYesYes
Incorporates analyst reactions (Feb 19-20)YesYes
Incorporates stock reactionYesYes
Pre-earnings context (prior guidance)ImpliedQ3 guidance cited
Score, Web Search: 9.5 Score, Bigdata MCP: 9.5

8. Professional Polish and Trust Signals

CriterionWeb SearchBigdata MCP
DisclaimerPresentMissing
Processing artifactsNoneChain-of-thought visible on line 1
Branding”Powered by Bigdata.com""Powered by Bigdata.com”
ToneProfessional, measuredProfessional, measured
Balanced (bull/bear)Both sides presentedBoth sides presented
Data-to-claim traceabilityInline citations to 11 sourcesInline citations to 17 sources
Score, Web Search: 9.0 — Cleaner presentation with a proper disclaimer. The EPS consensus issue is the main trust concern. Score, Bigdata MCP: 8.0 — The lack of a disclaimer and the visible processing notes detract from what is otherwise a highly professional output.

Summary Scorecard

Evaluation DimensionClaude + Web SearchClaude + Bigdata MCP
1. Factual Accuracy7.59.0
2. Source Quality & Attribution7.59.5
3. Completeness & Coverage8.59.0
4. Analytical Depth & Insight9.08.5
5. Structure & Readability9.08.0
6. Analyst Coverage Quality7.59.0
7. Timeliness & Recency9.59.5
8. Professional Polish & Trust9.08.0
Overall Average8.48.8

Key Takeaways

Web Search excels in analytical narrative, clean presentation, and several unique data points (GAAP gross margin trajectory, deferred revenue, Weavy acquisition details, SBC quantification, valuation multiples). It reads as a more polished final product. Its main weaknesses are the misleading EPS consensus comparison (GAAP vs. non-GAAP conflation), an inconsistent consensus price target range, and reliance on aggregator sites rather than primary sources for analyst data. Bigdata MCP excels in data precision, source quality, and analyst coverage depth. Its access to primary sources (SEC filings, full transcripts, investor slides, and individual broker research notes) gives it a clear edge in factual rigor and traceability. The analyst table with 7 firms and named analysts is particularly strong. Its main weaknesses are presentational: visible processing artifacts on line 1 and a missing disclaimer. (Comming soon) Bottom line: The Bigdata MCP report is the stronger choice for institutional or professional use where data accuracy and source provenance are paramount. The Web Search report is the stronger choice for a polished, publicly shareable summary with richer narrative context, but the EPS error would need to be corrected first.