| Market Cap | $6.79B | |
| Enterprise Value | — | |
| Revenue | $1.04B | +19.7% |
| Gross Profit | $896.9M | — |
| EBITDA | $202.9M | +13.1% |
| Net Income | $157.5M | −30.9% |
| Diluted EPS | $3.88 | −30.1% |
| Free Cash Flow | $270.0M | +28.4% |
| Ratio | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Trend · 12y | vs own | vs sector |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ▾Margins | |||||||||||||||
| Gross Margin | 52.69% | 54.78% | 57.73% | 61.56% | 61.30% | 60.30% | 61.61% | 59.95% | — | — | — | — | — | — | |
| Operating Margin | −17.95% | −20.01% | −7.98% | 6.49% | 10.34% | 2.52% | 3.16% | −3.31% | −15.34% | 0.16% | 17.08% | 16.08% | 88% | 57% | |
| EBITDA Margin | −9.97% | −11.87% | 1.43% | 15.32% | 18.01% | 11.27% | 11.80% | 4.77% | −8.81% | 4.83% | 19.54% | 18.46% | 88% | 46% | |
| NOPAT Margin | −14.18% | −15.81% | −6.30% | 6.45% | 10.13% | 2.52% | 2.54% | −1.96% | −12.12% | 0.05% | 17.08% | 14.07% | 88% | 60% | |
| Net Margin | −18.08% | −20.90% | −7.84% | 6.76% | 10.51% | 14.17% | 51.09% | 0.29% | −14.44% | 0.44% | 25.69% | 14.82% | 79% | 67% | |
| FCF Margin | −2.94% | −14.05% | 6.87% | 18.88% | 17.98% | 12.03% | 9.44% | 7.59% | 3.99% | 8.26% | 23.44% | 25.13% | 96% | 76% | |
| OCF Margin | 1.00% | −9.13% | 10.89% | 20.42% | 19.08% | 15.19% | 15.58% | 9.85% | 5.38% | 9.72% | 23.69% | 25.46% | 96% | 65% | |
| Gross Profitability | 98.75% | 45.40% | 65.84% | 80.29% | 66.30% | 59.35% | 49.05% | 52.80% | — | — | — | — | — | — | |
| Capex Intensity | 3.94% | 4.93% | 4.02% | 1.54% | 1.11% | 3.16% | 6.14% | 2.25% | 1.39% | 1.46% | 0.25% | 0.33% | 13% | 15% | |
| ▸Returns on Capital · 6 ratios | |||||||||||||||
| ▸DuPont factors (ROE drivers) · 4 ratios | |||||||||||||||
| ▸Earnings quality · 7 ratios | |||||||||||||||
| ▸Liquidity & coverage · 8 ratios | |||||||||||||||
| ▸Leverage · 9 ratios | |||||||||||||||
| ▸Working capital · 5 ratios | |||||||||||||||
| ▸Capital allocation · 2 ratios | |||||||||||||||
| ▸Per share · 3 ratios | |||||||||||||||
| ▸Other · 1 ratios | |||||||||||||||
The five drivers multiply to 27.2% vs reported ROE 26.5%. 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 | $47.7M | $75.0M | $105.6M | $143.8M | $190.1M | $256.0M | $310.1M | $359.4M | $471.9M | $620.4M | $794.2M | $950.8M |
| YoY % | +57.3% | +40.8% | +36.2% | +32.2% | +34.7% | +21.1% | +15.9% | +31.3% | +31.5% | +28.0% | +19.7% | |
| Cost of Revenue | $22.6M | $33.9M | $44.6M | $55.3M | $73.5M | $101.6M | $119.0M | $143.9M | — | — | — | — |
| YoY % | +50.3% | +31.6% | +23.9% | +33.0% | +38.2% | +17.1% | +20.9% | |||||
| R&D Expense | $6.5M | $9.6M | $12.6M | $16.6M | $24.1M | $39.5M | $48.5M | $66.0M | $111.1M | $151.4M | $160.4M | $190.4M |
| YoY % | +46.9% | +32.3% | +31.2% | +45.4% | +63.9% | +22.8% | +36.0% | +68.4% | +36.2% | +6.0% | +18.7% | |
| Selling & Marketing Expense | $16.9M | $26.1M | $28.8M | $28.7M | $33.3M | $51.5M | $58.4M | $73.2M | $107.4M | $107.6M | $110.6M | $143.9M |
| YoY % | +54.5% | +10.5% | -0.4% | +15.9% | +54.8% | +13.4% | +25.2% | +46.7% | +0.2% | +2.8% | +30.1% | |
| SG&A Expense | $6.5M | $14.3M | $18.0M | $21.2M | $24.9M | $34.5M | $47.5M | $57.3M | $100.8M | $93.5M | $86.0M | $95.6M |
| YoY % | +121.0% | +25.4% | +17.9% | +17.4% | +38.5% | +37.7% | +20.6% | +76.0% | -7.3% | -8.0% | +11.2% | |
| Total Operating Expenses | $56.2M | $90.0M | $114.0M | $134.5M | $170.4M | $249.6M | $300.3M | $371.2M | $544.3M | $619.5M | $658.6M | $797.9M |
| YoY % | +60.0% | +26.7% | +17.9% | +26.7% | +46.4% | +20.3% | +23.6% | +46.6% | +13.8% | +6.3% | +21.2% | |
| Operating Income | -$8.6M | -$15.0M | -$8.4M | $9.3M | $19.7M | $6.5M | $9.8M | -$11.9M | -$72.4M | $963,000 | $135.6M | $152.9M |
| YoY % | +110.6% | -67.1% | +51.4% | +13985.6% | +12.7% | |||||||
| Interest Expense | — | $800,000 | — | — | — | — | — | — | — | — | — | — |
| Other Non-Operating Income | -$121,000 | $5,000 | -$37,000 | -$96,000 | -$56,000 | $16,000 | $188.9M | $13.1M | $4.5M | $3,000 | $697,000 | $38,000 |
| YoY % | +1180506.3% | -93.1% | -65.9% | -99.9% | +23133.3% | -94.5% | ||||||
| Impairment of Real Estate | — | — | — | — | — | — | $0 | $0 | $22.0M | $0 | $0 | $0 |
| YoY % | -100.0% | |||||||||||
| Pretax Income | -$8.6M | -$15.6M | -$8.2M | $9.8M | $20.4M | $4.8M | $196.8M | $1.7M | -$66.7M | $8.0M | $150.3M | $161.1M |
| YoY % | +108.6% | -76.3% | +3981.1% | -99.1% | +1779.7% | +7.2% | ||||||
| Income Tax | $0 | $75,000 | $67,000 | $58,000 | $420,000 | -$31.5M | $38.4M | $706,000 | $1.4M | $5.3M | -$53.7M | $20.2M |
| YoY % | -10.7% | -13.4% | +624.1% | -98.2% | +98.6% | +277.7% | ||||||
| Net Income | -$8.6M | -$15.7M | -$8.3M | $9.7M | $20.0M | $36.3M | $158.4M | $1.0M | -$68.1M | $2.7M | $204.1M | $140.9M |
| YoY % | +105.5% | +81.7% | +336.6% | -99.4% | +7452.5% | -30.9% | ||||||
| Net Income to Common | — | — | — | — | — | — | — | $1.0M | -$68.1M | $2.7M | $204.1M | $140.9M |
| YoY % | +7452.0% | -30.9% | ||||||||||
| EPS (Basic) | — | -$0.73 | -$0.25 | $0.29 | $0.59 | $1.07 | $4.62 | $0.03 | -$1.95 | $0.08 | $5.63 | $3.91 |
| YoY % | +103.4% | +81.4% | +331.8% | -99.4% | +6937.5% | -30.6% | ||||||
| EPS (Diluted) | — | -$0.73 | -$0.25 | $0.28 | $0.56 | $1.02 | $4.44 | $0.03 | -$1.95 | $0.07 | $5.55 | $3.88 |
| YoY % | +100.0% | +82.1% | +335.3% | -99.3% | +7828.6% | -30.1% | ||||||
| Weighted Avg Shares (Basic) | — | 21.3M | 33.6M | 33.8M | 34.1M | 34.0M | 34.3M | 34.6M | 35.0M | 35.6M | 36.3M | 36.0M |
| YoY % | +57.3% | +0.9% | +0.8% | -0.3% | +0.7% | +0.9% | +1.2% | +1.8% | +1.7% | -0.7% | ||
| Weighted Avg Shares (Diluted) | — | 21.3M | 33.6M | 35.2M | 35.6M | 35.6M | 35.7M | 35.7M | 35.0M | 36.4M | 36.8M | 36.3M |
| YoY % | +57.3% | +4.7% | +1.2% | +0.0% | +0.4% | -0.0% | -1.9% | +4.0% | +1.0% | -1.2% |
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.
