| Market Cap | $7.37B | |
| Enterprise Value | $11.09B | |
| Revenue | $27.49B | +3.2% |
| Gross Profit | $4.94B | +3.4% |
| EBITDA | — | — |
| Net Income | $679.0M | −6.2% |
| Diluted EPS | $17.04 | +0.7% |
| Free Cash Flow | -$104.0M | — |
| Ratio | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Trend · 12y | vs own | vs sector |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ▾Margins | |||||||||||||||
| Gross Margin | 15.64% | 15.63% | 15.33% | 15.60% | 15.87% | 16.51% | 17.49% | 19.16% | 19.51% | 19.04% | 17.88% | 17.91% | 71% | 20% | |
| Operating Margin | 4.30% | 4.19% | 4.12% | 3.92% | 3.63% | 3.86% | 2.76% | 7.36% | 7.50% | 6.13% | 4.88% | 4.49% | 63% | 52% | |
| NOPAT Margin | 2.64% | 2.57% | 2.53% | 2.68% | 2.72% | 2.84% | 1.92% | 5.59% | 5.64% | 4.63% | 3.68% | 3.29% | 63% | 50% | |
| Net Margin | 2.19% | 2.12% | 1.99% | 2.02% | 1.85% | 2.11% | 1.87% | 5.31% | 5.10% | 3.79% | 2.59% | 2.35% | 63% | 50% | |
| FCF Margin | 1.44% | 1.24% | 1.26% | 1.05% | 0.51% | 2.34% | 5.16% | 5.46% | 4.96% | 1.16% | −0.05% | −0.71% | 4% | 21% | |
| FCFF Margin | 1.72% | 1.51% | 1.58% | 1.43% | 0.93% | 2.71% | 5.48% | 5.74% | 5.34% | 1.67% | 0.46% | −0.24% | 4% | 7% | |
| OCF Margin | 2.54% | 2.43% | 2.39% | 2.51% | 2.39% | 3.61% | 5.92% | 6.30% | 6.18% | 2.69% | 1.18% | 0.40% | 4% | 18% | |
| Gross Profitability | 35.60% | 34.16% | 32.93% | 32.70% | 31.85% | 33.41% | 36.07% | 55.38% | 52.34% | 42.83% | 36.81% | 34.38% | 46% | 46% | |
| Capex Intensity | 1.09% | 1.19% | 1.13% | 1.46% | 1.87% | 1.26% | 0.77% | 0.83% | 1.22% | 1.52% | 1.23% | 1.12% | 29% | 26% | |
| ▸Returns on Capital · 6 ratios | |||||||||||||||
| ▸DuPont factors (ROE drivers) · 4 ratios | |||||||||||||||
| ▸Earnings quality · 5 ratios | |||||||||||||||
| ▸Liquidity & coverage · 7 ratios | |||||||||||||||
| ▸Leverage · 6 ratios | |||||||||||||||
| ▸Working capital · 8 ratios | |||||||||||||||
| ▸Capital allocation · 2 ratios | |||||||||||||||
| ▸Per share · 6 ratios | |||||||||||||||
| ▸Other · 1 ratios | |||||||||||||||
The five drivers multiply to 29.1% vs reported ROE 27.1%. 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 | $19.11B | $20.86B | $21.61B | $21.53B | $21.41B | $21.34B | $20.39B | $25.84B | $26.98B | $26.95B | $26.77B | $27.63B |
| YoY % | +9.2% | +3.6% | -0.3% | -0.6% | -0.4% | -4.4% | +26.7% | +4.4% | -0.1% | -0.7% | +3.2% | |
| Cost of Revenue | $16.12B | $17.60B | $18.30B | $18.18B | $18.02B | $17.81B | $16.82B | $20.89B | $21.72B | $21.82B | $21.98B | $22.68B |
| YoY % | +9.2% | +4.0% | -0.7% | -0.9% | -1.1% | -5.6% | +24.2% | +4.0% | +0.4% | +0.7% | +3.2% | |
| Gross Profit | $2.99B | $3.26B | $3.31B | $3.36B | $3.40B | $3.52B | $3.57B | $4.95B | $5.27B | $5.13B | $4.79B | $4.95B |
| YoY % | +9.1% | +1.6% | +1.4% | +1.1% | +3.7% | +1.2% | +38.9% | +6.3% | -2.5% | -6.7% | +3.4% | |
| SG&A Expense | $2.08B | $2.26B | $2.35B | $2.44B | $2.51B | $2.56B | $2.42B | $2.88B | $3.03B | $3.25B | $3.26B | $3.36B |
| YoY % | +8.8% | +3.8% | +3.7% | +3.0% | +1.9% | -5.3% | +18.8% | +5.2% | +7.5% | +0.3% | +3.0% | |
| Operating Income | $820.8M | $873.1M | $889.5M | $843.4M | $777.9M | $823.6M | $563.2M | $1.90B | $2.02B | $1.65B | $1.31B | $1.24B |
| YoY % | +6.4% | +1.9% | -5.2% | -7.8% | +5.9% | -31.6% | +237.9% | +6.4% | -18.4% | -21.0% | -5.0% | |
| Interest Expense | $86.7M | $90.9M | $115.5M | $120.2M | $119.4M | $106.7M | $93.7M | $93.0M | $134.9M | $181.4M | $179.7M | $180.0M |
| YoY % | +4.8% | +27.1% | +4.1% | -0.7% | -10.6% | -12.2% | -0.7% | +45.1% | +34.5% | -0.9% | +0.2% | |
| Interest & Investment Income | $200,000 | $100,000 | $1.1M | $1.0M | $1.1M | $500,000 | $300,000 | — | — | — | — | — |
| YoY % | -50.0% | +1000.0% | -9.1% | +10.0% | -54.5% | -40.0% | ||||||
| Other Non-Operating Income | $2.9M | -$1.3M | $3.7M | $9.3M | $200,000 | $34.1M | $144.4M | $24.3M | -$14.7M | $24.4M | $9.8M | $13.4M |
| YoY % | +151.4% | -97.8% | +16950.0% | +323.5% | -83.2% | -59.8% | +36.7% | |||||
| Impairment of Real Estate | — | — | — | — | — | — | $14.7M | $3.2M | $1.6M | $5.2M | $9.3M | $37.9M |
| YoY % | -78.2% | -50.0% | +225.0% | +78.8% | +307.5% | |||||||
| Pretax Income | $682.3M | $722.7M | $702.3M | $636.5M | $529.4M | $612.6M | $550.1M | $1.81B | $1.83B | $1.35B | $916.7M | $884.5M |
| YoY % | +5.9% | -2.8% | -9.4% | -16.8% | +15.7% | -10.2% | +228.7% | +1.4% | -26.4% | -32.1% | -3.5% | |
| Income Tax | $262.5M | $279.0M | $270.6M | $201.5M | $133.5M | $161.8M | $168.3M | $435.1M | $455.8M | $330.0M | $224.5M | $235.4M |
| YoY % | +6.3% | -3.0% | -25.5% | -33.7% | +21.2% | +4.0% | +158.5% | +4.8% | -27.6% | -32.0% | +4.9% | |
| Income from Continuing Operations | $419.8M | $443.7M | $431.7M | $435.0M | $395.9M | $450.8M | $381.8M | $1.37B | $1.38B | $1.02B | $692.2M | $649.1M |
| YoY % | +5.7% | -2.7% | +0.8% | -9.0% | +13.9% | -15.3% | +259.7% | +0.3% | -25.9% | -32.2% | -6.2% | |
| Income from Discontinued Operations | -$1.1M | -$1.1M | -$1.2M | -$400,000 | $100,000 | -$800,000 | -$200,000 | -$300,000 | -$300,000 | $900,000 | $0 | $0 |
| YoY % | -100.0% | |||||||||||
| Net Income | $418.7M | $442.6M | $430.5M | $434.6M | $396.0M | $450.0M | $381.6M | $1.37B | $1.38B | $1.02B | $692.2M | $649.1M |
| YoY % | +5.7% | -2.7% | +1.0% | -8.9% | +13.6% | -15.2% | +259.8% | +0.3% | -25.9% | -32.2% | -6.2% | |
| EPS (Basic) | $3.57 | $3.93 | $4.18 | $4.44 | $4.36 | $4.99 | $4.32 | $18.50 | $24.47 | $22.89 | $17.09 | $17.26 |
| YoY % | +10.1% | +6.4% | +6.2% | -1.8% | +14.4% | -13.4% | +328.2% | +32.3% | -6.5% | -25.3% | +1.0% | |
| EPS (Diluted) | $3.52 | $3.89 | $4.15 | $4.43 | $4.34 | $4.97 | $4.30 | $18.31 | $24.29 | $22.74 | $16.92 | $17.04 |
| YoY % | +10.5% | +6.7% | +6.7% | -2.0% | +14.5% | -13.5% | +325.8% | +32.7% | -6.4% | -25.6% | +0.7% | |
| Weighted Avg Shares (Basic) | 117.3M | 112.7M | 103.1M | 97.8M | 90.9M | 90.1M | 88.3M | 74.2M | 56.3M | 44.6M | 40.5M | 37.6M |
| YoY % | -3.9% | -8.5% | -5.1% | -7.1% | -0.9% | -2.0% | -16.0% | -24.1% | -20.8% | -9.2% | -7.2% | |
| Weighted Avg Shares (Diluted) | 118.9M | 113.9M | 103.8M | 98.2M | 91.3M | 90.5M | 88.7M | 75.0M | 56.7M | 44.9M | 40.9M | 38.1M |
| YoY % | -4.2% | -8.9% | -5.4% | -7.0% | -0.9% | -2.0% | -15.4% | -24.4% | -20.8% | -8.9% | -6.8% |
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.
