| Market Cap | $17.04B | |
| Enterprise Value | $19.15B | |
| Revenue | $8.17B | +12.7% |
| Gross Profit | $2.56B | +14.2% |
| EBITDA | $904.0M | +12.1% |
| Net Income | $324.0M | +20.8% |
| Diluted EPS | — | — |
| Free Cash Flow | $680.0M | +23.7% |
| Ratio | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Trend · 8y | vs own | vs sector |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ▾Margins | |||||||||||
| Gross Margin | 21.11% | 20.10% | 21.08% | 23.83% | 26.14% | 28.00% | 31.03% | 31.44% | 94% | 51% | |
| Operating Margin | 4.35% | −16.35% | −4.63% | 3.45% | 2.47% | 5.18% | 6.90% | 7.00% | 94% | 53% | |
| EBITDA Margin | 7.27% | −9.34% | 2.70% | 8.58% | 7.11% | 9.56% | 11.20% | 11.14% | 81% | 50% | |
| NOPAT Margin | 4.05% | −12.91% | −3.66% | 2.05% | 1.94% | 3.42% | 5.22% | 5.12% | 81% | 50% | |
| Net Margin | 3.65% | −15.53% | −4.27% | 1.19% | 1.11% | 2.21% | 3.56% | 3.82% | 94% | 50% | |
| FCF Margin | 1.02% | 14.11% | 12.77% | 3.22% | 2.91% | 6.18% | 7.64% | 8.38% | 69% | 62% | |
| FCFF Margin | 1.57% | — | — | 4.13% | 4.41% | 7.56% | — | — | — | — | |
| FCFE Margin | 0.70% | 135.33% | 19.15% | 11.57% | 19.23% | −0.81% | 13.52% | 8.29% | 31% | 61% | |
| OCF Margin | 3.00% | 15.23% | 13.83% | 4.62% | 4.12% | 7.42% | 8.83% | 9.59% | 69% | 48% | |
| Gross Profitability | — | 4.94% | 18.60% | 18.20% | 21.18% | 25.56% | 26.72% | 27.83% | 93% | 66% | |
| Capex Intensity | 1.98% | 1.12% | 1.06% | 1.40% | 1.20% | 1.24% | 1.20% | 1.21% | 56% | 30% | |
| ▸Returns on Capital · 6 ratios | |||||||||||
| ▸DuPont factors (ROE drivers) · 4 ratios | |||||||||||
| ▸Earnings quality · 7 ratios | |||||||||||
| ▸Liquidity & coverage · 9 ratios | |||||||||||
| ▸Leverage · 9 ratios | |||||||||||
| ▸Working capital · 8 ratios | |||||||||||
| ▸Capital allocation · 2 ratios | |||||||||||
| ▸Per share · 3 ratios | |||||||||||
| ▸Other · 1 ratios | |||||||||||
The five drivers multiply to 9.3% vs reported ROE 9.5%. High ROE from margin and turnover is earned; from the equity multiplier it is borrowed.
| Line | 2018↗ | 2019↗ | 2020↗ | 2021↗ | 2022↗ | 2023↗ | 2024↗ | 2025↗ |
|---|---|---|---|---|---|---|---|---|
| Revenue | $3.73B | $985.0M | $3.59B | $3.94B | $6.56B | $6.93B | $7.02B | $7.91B |
| YoY % | -73.6% | +264.2% | +9.8% | +66.4% | +5.6% | +1.3% | +12.7% | |
| Cost of Revenue | $2.94B | $787.0M | $2.83B | $3.00B | $4.84B | $4.99B | $4.84B | $5.42B |
| YoY % | -73.2% | +259.7% | +6.0% | +61.4% | +3.0% | -3.0% | +12.1% | |
| Gross Profit | $787.0M | $198.0M | $756.0M | $939.0M | $1.71B | $1.94B | $2.18B | $2.49B |
| YoY % | -74.8% | +281.8% | +24.2% | +82.5% | +13.2% | +12.3% | +14.2% | |
| SG&A Expense | $625.0M | $359.0M | $725.0M | $803.0M | $1.55B | $1.58B | $1.69B | $1.93B |
| YoY % | -42.6% | +101.9% | +10.8% | +93.3% | +1.9% | +7.1% | +14.1% | |
| Operating Income | $162.0M | -$161.0M | -$166.0M | $136.0M | $162.0M | $359.0M | $484.0M | $554.0M |
| YoY % | +19.1% | +121.6% | +34.8% | +14.5% | ||||
| Interest Expense | $22.0M | $15.0M | $52.0M | $60.0M | $125.0M | $145.0M | — | — |
| YoY % | -31.8% | +246.7% | +15.4% | +108.3% | +16.0% | |||
| Other Non-Operating Income | -$16.0M | $10.0M | -$18.0M | -$57.0M | -$69.0M | -$127.0M | -$154.0M | -$141.0M |
| Equity Method Income | — | -$151.0M | -$184.0M | $79.0M | $93.0M | $232.0M | $330.0M | $413.0M |
| YoY % | +17.7% | +149.5% | +42.2% | +25.2% | ||||
| Impairment of Real Estate | — | — | $197.0M | — | — | $6.0M | $1.0M | $0 |
| YoY % | -83.3% | -100.0% | ||||||
| Pretax Income | $146.0M | -$151.0M | -$184.0M | $79.0M | $93.0M | $232.0M | $330.0M | $413.0M |
| YoY % | +17.7% | +149.5% | +42.2% | +25.2% | ||||
| Income Tax | $10.0M | $2.0M | -$31.0M | $32.0M | $20.0M | $79.0M | $80.0M | $111.0M |
| YoY % | -80.0% | -37.5% | +295.0% | +1.3% | +38.7% | |||
| Net Income | $136.0M | -$153.0M | -$153.0M | $47.0M | $73.0M | $153.0M | $250.0M | $302.0M |
| YoY % | +55.3% | +109.6% | +63.4% | +20.8% | ||||
| Net Income to Common | $136.0M | -$153.0M | -$375.0M | -$137.0M | $29.0M | -$161.0M | -$224.0M | -$288.0M |
| Preferred Dividends | — | — | $222.0M | $184.0M | — | — | — | — |
| YoY % | -17.1% | |||||||
| EPS (Basic) | — | -$1.15 | -$2.21 | -$0.67 | $0.10 | -$0.46 | -$0.56 | -$0.69 |
| EPS (Diluted) | — | -$1.15 | -$2.21 | -$0.67 | $0.10 | -$0.46 | -$0.56 | -$0.69 |
| Weighted Avg Shares (Basic) | — | 133.0M | 169.0M | 206.0M | 233.2M | 352.7M | 401.5M | 415.7M |
| YoY % | +27.1% | +21.9% | +13.2% | +51.2% | +13.8% | +3.5% | ||
| Weighted Avg Shares (Diluted) | — | 133.0M | 169.0M | 206.0M | 266.1M | 352.7M | 401.5M | 415.7M |
| YoY % | +27.1% | +21.9% | +29.2% | +32.6% | +13.8% | +3.5% |
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.
