| Market Cap | $79.90B | |
| Enterprise Value | $115.65B | |
| Revenue | $10.82B | +5.1% |
| Gross Profit | $10.78B | — |
| EBITDA | $6.90B | +5.2% |
| Net Income | $2.90B | +12.2% |
| Diluted EPS | $5.40 | +12.0% |
| Free Cash Flow | $3.77B | +2.2% |
| DPS (FY2025) | $6.72 |
| Trailing yield | 3.92% |
| Payout ratio | — |
| Growth streak | 3 yrs |
| 5y DPS growth | — |
| Fiscal year | DPS | YoY | Basis |
|---|---|---|---|
| FY20252025-12-31 | $6.72 | +2.4% | reported |
| FY20242024-12-31 | $6.56 | +4.0% | reported |
| FY20232023-12-31 | $6.31 | +46.7% | reported |
| FY2022 |
| Ratio | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Trend · 12y | vs own | vs sector |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ▾Margins | |||||||||||||||
| Gross Margin | — | — | — | 99.48% | 99.34% | 99.43% | — | — | — | — | — | — | — | — | |
| Operating Margin | 36.27% | 33.80% | 32.03% | 29.99% | 25.60% | 35.47% | 35.91% | 33.47% | 28.39% | 31.22% | 44.60% | 45.52% | 96% | 77% | |
| EBITDA Margin | 60.75% | 60.74% | 58.40% | 55.74% | 53.98% | 58.93% | 59.31% | 58.40% | 61.21% | 60.47% | 64.63% | 64.70% | 96% | 75% | |
| NOPAT Margin | — | — | — | — | — | 35.47% | 33.35% | 30.38% | 26.86% | 29.36% | 40.09% | 39.31% | 79% | 78% | |
| Net Margin | 20.12% | 14.36% | 16.53% | 18.59% | 16.62% | 24.90% | 21.02% | 27.44% | 18.31% | 14.81% | 22.27% | 23.76% | 79% | 64% | |
| FCF Margin | — | — | — | 31.84% | 38.11% | 36.43% | 35.44% | 36.80% | 18.90% | 29.21% | 36.54% | 35.54% | 50% | 78% | |
| FCFF Margin | — | — | — | — | — | — | — | — | 30.04% | 42.25% | 49.01% | 46.57% | 63% | 53% | |
| OCF Margin | — | — | — | 43.90% | 50.38% | 49.50% | 48.27% | 51.51% | 38.32% | 47.17% | 52.24% | 51.33% | 72% | 76% | |
| Gross Profitability | — | — | — | 19.96% | 22.39% | 17.61% | — | — | — | — | — | — | — | — | |
| Capex Intensity | 23.77% | 15.27% | 11.80% | 12.06% | 12.27% | 13.08% | 12.83% | 14.71% | 19.42% | 17.96% | 15.70% | 15.79% | 71% | 84% | |
| ▸Returns on Capital · 6 ratios | |||||||||||||||
| ▸DuPont factors (ROE drivers) · 4 ratios | |||||||||||||||
| ▸Earnings quality · 7 ratios | |||||||||||||||
| ▸Liquidity & coverage · 8 ratios | |||||||||||||||
| ▸Leverage · 8 ratios | |||||||||||||||
| ▸Working capital · 5 ratios | |||||||||||||||
| ▸Capital allocation · 5 ratios | |||||||||||||||
| ▸Per share · 6 ratios | |||||||||||||||
| ▸Other · 1 ratios | |||||||||||||||
The five drivers multiply to 70.4% vs reported ROE 71.9%. High ROE from margin and turnover is earned; from the equity multiplier it is borrowed.
| Line | 2014↗ | 2015↗ | 2016↗ | 2017↗ | 2018↗ | 2019↗ | 2020↗ | 2021↗ | 2022↗ | 2023↗ | 2024↗ | 2025↗ |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $4.10B | $4.77B | $5.79B | $6.66B | $7.44B | $7.58B | $8.04B | $9.36B | $9.65B | $10.01B | $10.13B | $10.64B |
| YoY % | +16.4% | +21.3% | +15.2% | +11.6% | +1.9% | +6.1% | +16.4% | +3.1% | +3.8% | +1.1% | +5.1% | |
| Cost of Revenue | — | — | — | $34.6M | $49.1M | $43.1M | — | — | — | — | — | — |
| YoY % | +41.9% | -12.2% | ||||||||||
| SG&A Expense | $446.5M | $497.8M | $543.4M | $637.0M | $733.2M | $730.4M | $778.7M | $811.6M | $902.1M | $946.0M | $933.4M | $940.7M |
| YoY % | +11.5% | +9.2% | +17.2% | +15.1% | -0.4% | +6.6% | +4.2% | +11.2% | +4.9% | -1.3% | +0.8% | |
| Total Operating Expenses | $2.61B | $3.16B | $3.93B | $4.67B | $5.54B | $4.89B | $5.15B | $6.22B | $6.91B | $6.89B | $5.61B | $5.80B |
| YoY % | +20.9% | +24.5% | +18.6% | +18.6% | -11.6% | +5.4% | +20.8% | +11.0% | -0.3% | -18.5% | +3.4% | |
| Operating Income | $1.49B | $1.61B | $1.85B | $2.00B | $1.91B | $2.69B | $2.89B | $3.13B | $2.74B | $3.13B | $4.52B | $4.85B |
| YoY % | +8.5% | +14.9% | +7.8% | -4.7% | +41.1% | +7.4% | +8.5% | -12.6% | +14.1% | +44.5% | +7.3% | |
| Interest Expense | — | — | — | — | — | — | — | — | $1.14B | $1.39B | $1.40B | $1.36B |
| YoY % | +22.2% | +1.2% | -3.2% | |||||||||
| Other Non-Operating Income | -$62.1M | -$135.0M | -$47.8M | $31.3M | $23.8M | $17.6M | -$240.8M | $566.1M | $434.7M | -$326.3M | $377.6M | -$576.2M |
| YoY % | -24.0% | -26.1% | -23.2% | |||||||||
| Equity Method Income | $0 | — | — | — | — | — | — | — | — | — | — | — |
| Impairment of Real Estate | — | — | — | — | — | — | $222.8M | $173.7M | $655.9M | $202.4M | $68.6M | $94.2M |
| YoY % | -22.0% | +277.6% | -69.1% | -66.1% | +37.3% | |||||||
| Pretax Income | — | — | — | — | — | $1.92B | $1.82B | $2.83B | $2.09B | $1.53B | $3.62B | $3.04B |
| YoY % | -5.0% | +55.4% | -26.3% | -26.7% | +137.0% | -16.0% | ||||||
| Income Tax | $62.5M | $158.0M | $155.5M | $30.7M | -$110.1M | -$200,000 | $129.6M | $261.8M | $112.8M | $90.8M | $366.3M | $415.7M |
| YoY % | +152.7% | -1.6% | -80.3% | +102.0% | -56.9% | -19.5% | +303.4% | +13.5% | ||||
| Income from Discontinued Operations | — | — | — | — | — | — | — | — | -$276.5M | -$71.4M | -$978.3M | $0 |
| Net Income (incl. NCI) | $803.2M | $672.0M | $970.4M | $1.23B | $1.26B | $1.92B | $1.69B | $2.57B | $1.70B | $1.37B | $2.28B | $2.63B |
| YoY % | -16.3% | +44.4% | +26.3% | +3.2% | +51.5% | -11.7% | +51.8% | -33.9% | -19.4% | +66.8% | +15.3% | |
| Minority Interest (P&L) | -$21.7M | -$13.1M | $13.9M | -$13.5M | $28.3M | $28.8M | $900,000 | -$100,000 | -$69.1M | -$116.2M | $25.2M | $99.0M |
| YoY % | +1.8% | -96.9% | +292.9% | |||||||||
| Net Income | $824.9M | $685.1M | $956.4M | $1.24B | $1.24B | $1.89B | $1.69B | — | — | — | — | — |
| YoY % | -17.0% | +39.6% | +29.5% | -0.2% | +52.7% | -10.4% | ||||||
| Net Income to Common | $801.0M | $594.9M | $849.3M | $1.15B | $1.23B | $1.89B | $1.69B | $2.57B | $1.77B | $1.48B | $2.25B | $2.53B |
| YoY % | -25.7% | +42.8% | +35.6% | +6.6% | +53.9% | -10.4% | +51.9% | -31.2% | -16.0% | +52.0% | +12.2% | |
| Preferred Dividends | $23.9M | — | — | — | — | — | — | — | — | — | — | — |
| EPS (Basic) | $2.02 | $1.42 | $2.00 | $2.69 | $2.79 | $4.27 | $3.81 | $5.69 | $3.83 | $3.18 | $4.83 | $5.41 |
| YoY % | -29.7% | +40.8% | +34.5% | +3.7% | +53.0% | -10.8% | +49.3% | -32.7% | -17.0% | +51.9% | +12.0% | |
| EPS (Diluted) | $2.00 | $1.41 | $1.98 | $2.67 | $2.77 | $4.24 | $3.79 | $5.66 | $3.82 | $3.18 | $4.82 | $5.40 |
| YoY % | -29.5% | +40.4% | +34.8% | +3.7% | +53.1% | -10.6% | +49.3% | -32.5% | -16.8% | +51.6% | +12.0% | |
| Weighted Avg Shares (Basic) | 396.0M | 419,000 | 425.1M | 428.2M | 439.6M | 442.3M | 443.6M | 451.5M | 461.5M | 466.1M | 467.0M | 467.9M |
| YoY % | -99.9% | +101366.1% | +0.7% | +2.7% | +0.6% | +0.3% | +1.8% | +2.2% | +1.0% | +0.2% | +0.2% | |
| Weighted Avg Shares (Diluted) | 400.1M | 423,000 | 429.3M | 431.7M | 443.0M | 445.5M | 446.1M | 453.3M | 462.8M | 467.2M | 468.1M | 468.8M |
| YoY % | -99.9% | +101385.3% | +0.6% | +2.6% | +0.6% | +0.1% | +1.6% | +2.1% | +1.0% | +0.2% | +0.1% | |
| Dividends Declared per Share | — | — | — | — | — | — | $1 | $1 | $4 | $6 | $7 | $7 |
| YoY % | +14.9% | +209.4% | +46.7% | +4.0% | +2.4% |
The sector classification is SIC-derived, not official GICS. Statement lines are XBRL facts as filed with the company's home regulator (SEC EDGAR for US filers; ESEF/EDINET and other national regulators for foreign filers); ratios and other derived figures are computed from them. A blank cell means the tag was absent — never imputed.
| $4.30 |
| — |
| reported |
| FY20212021-12-31 | $5.01 | +15.9% | derived (paid ÷ diluted shares) |
| FY20202020-12-31 | $4.32 | +20.1% | derived (paid ÷ diluted shares) |
| FY20192019-12-31 | $3.60 | +20.4% | derived (paid ÷ diluted shares) |
| FY20182018-12-31 | $2.99 | +20.2% | derived (paid ÷ diluted shares) |
| FY20172017-12-31 | $2.49 | +20.4% | derived (paid ÷ diluted shares) |
| FY20162016-12-31 | $2.06 | — | derived (paid ÷ diluted shares) |
| Ex-date | Amount | Pay date | Freq | Source |
|---|---|---|---|---|
| 2026-06-12 | $1.79 | — | quarterly | licensed |
| 2026-04-14 | $1.79 | — | quarterly | licensed |
| 2025-12-29 | $1.70 | 2026-02-02 | quarterly | licensed |
| 2025-09-30 | $1.70 | 2025-10-20 | quarterly | licensed |
| 2025-06-13 | $1.70 | 2025-07-11 | quarterly | licensed |
| 2025-04-11 | $1.70 | 2025-04-28 | quarterly | licensed |
| 2024-12-27 | $1.62 | — | quarterly | licensed |
| 2024-10-09 | $1.62 | — | quarterly | licensed |
