| Market Cap | $15.13B | |
| Enterprise Value | $14.31B | |
| Revenue | $2.57B | +96.4% |
| Gross Profit | $213.7M | — |
| EBITDA | $1.30B | +231.3% |
| Net Income | $799.3M | +894.7% |
| Diluted EPS | $0.95 | +533.3% |
| Free Cash Flow | $914.8M | — |
| Ratio | 2014 | 2015 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Trend · 11y | vs own | vs sector |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ▾Margins | ||||||||||||||
| Operating Margin | — | — | — | — | — | — | — | −5.00% | −4.71% | 15.58% | 34.15% | 88% | 95% | |
| EBITDA Margin | — | — | — | — | — | — | — | 9.21% | 7.44% | 27.43% | 46.28% | 88% | 95% | |
| NOPAT Margin | — | — | — | — | — | — | — | −3.95% | −3.72% | 7.26% | 29.32% | 88% | 96% | |
| Net Margin | — | — | −0.19% | −7.73% | −47.96% | 3.26% | −3.76% | −9.94% | −12.62% | 5.59% | 28.30% | 94% | 95% | |
| FCF Margin | — | — | 10.11% | −19.71% | −1.11% | 6.29% | −23.93% | −41.59% | −36.21% | −0.85% | 32.16% | 94% | 99% | |
| FCFF Margin | — | — | — | — | — | — | — | — | — | 1.42% | — | — | — | — |
| OCF Margin | — | — | 29.38% | 2.78% | 12.91% | 18.93% | 13.27% | 3.26% | 8.19% | 16.53% | 42.84% | 94% | 96% | |
| Capex Intensity | — | — | 19.27% | 22.49% | 14.02% | 12.64% | 37.20% | 44.85% | 44.40% | 17.38% | 10.68% | 6% | 74% | |
| ▸Returns on Capital · 6 ratios | ||||||||||||||
| ▸DuPont factors (ROE drivers) · 4 ratios | ||||||||||||||
| ▸Earnings quality · 7 ratios | ||||||||||||||
| ▸Liquidity & coverage · 9 ratios | ||||||||||||||
| ▸Leverage · 7 ratios | ||||||||||||||
| ▸Working capital · 7 ratios | ||||||||||||||
| ▸Capital allocation · 2 ratios | ||||||||||||||
| ▸Per share · 6 ratios | ||||||||||||||
| ▸Other · 1 ratios | ||||||||||||||
The five drivers multiply to 23.7% vs reported ROE 26.4%. High ROE from margin and turnover is earned; from the equity multiplier it is borrowed.
| Line | 2014↗ | 2015↗ | 2017↗ | 2018↗ | 2019↗ | 2020↗ | 2021↗ | 2022↗ | 2023↗ | 2024↗ | 2025↗ |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | — | — | $709.6M | $625.9M | $711.5M | $785.5M | $832.8M | $785.6M | $821.2M | $1.05B | $2.07B |
| YoY % | -11.8% | +13.7% | +10.4% | +6.0% | -5.7% | +4.5% | +28.3% | +96.4% | |||
| Cost of Revenue | $477.9M | $479.7M | — | — | — | — | — | — | — | — | — |
| YoY % | +0.4% | ||||||||||
| SG&A Expense | $40.8M | $32.8M | $33.6M | $31.3M | $34.5M | $33.7M | $40.4M | $39.5M | $41.6M | $47.7M | $57.2M |
| YoY % | -19.6% | +2.4% | -6.8% | +10.0% | -2.2% | +19.8% | -2.3% | +5.4% | +14.7% | +19.8% | |
| Total Operating Expenses | $2.20B | $999.0M | $669.7M | $646.2M | $1.06B | $703.7M | $776.0M | $824.9M | $859.9M | $889.8M | $1.36B |
| YoY % | -54.6% | -33.0% | -3.5% | +63.5% | -33.4% | +10.3% | +6.3% | +4.2% | +3.5% | +53.2% | |
| Operating Income | — | — | — | — | — | — | — | -$39.3M | -$38.7M | $164.2M | $707.0M |
| YoY % | +330.6% | ||||||||||
| Interest Expense | — | — | — | — | — | — | — | $23.9M | $29.1M | $51.3M | — |
| YoY % | +22.0% | +76.2% | |||||||||
| Other Non-Operating Income | -$5.2M | -$15,000 | $26.6M | -$24.7M | -$3.2M | -$5.9M | -$27.0M | $66.3M | -$7.5M | $13.0M | $6.9M |
| YoY % | -46.9% | ||||||||||
| Equity Method Income | $0 | $0 | $0 | $0 | $0 | $0 | — | — | — | — | — |
| Gains on Sale of Real Estate | — | — | — | — | — | — | $0 | -$1.8M | $0 | — | — |
| Impairment of Real Estate | — | — | — | — | — | $0 | $0 | — | — | — | — |
| Pretax Income | — | — | — | — | -$358.0M | $62.7M | $3.6M | -$63.4M | -$68.5M | $126.3M | $682.5M |
| YoY % | -94.2% | +440.2% | |||||||||
| Income Tax | -$428.3M | -$26.3M | $29.0M | -$16.8M | -$11.1M | $37.0M | $35.0M | $14.7M | $35.2M | $67.5M | $96.7M |
| YoY % | -5.6% | -58.1% | +139.8% | +91.9% | +43.3% | ||||||
| Income from Continuing Operations | — | — | $10.9M | -$49.0M | -$346.9M | $25.6M | -$31.3M | -$78.1M | -$103.6M | $58.9M | $585.9M |
| YoY % | +894.7% | ||||||||||
| Net Income (incl. NCI) | -$1.19B | -$367.2M | $10.9M | -$49.0M | -$346.9M | $25.6M | — | — | — | — | — |
| Net Income | -$1.19B | -$367.2M | -$1.3M | -$48.4M | -$341.2M | $25.6M | -$31.3M | -$78.1M | -$103.6M | $58.9M | $585.9M |
| YoY % | +894.7% | ||||||||||
| EPS (Basic) | -$11.59 | -$2.83 | -$0.01 | -$0.26 | -$1.56 | $0.11 | -$0.13 | -$0.28 | -$0.30 | $0.15 | $0.96 |
| YoY % | +540.0% | ||||||||||
| EPS (Diluted) | -$11.59 | -$2.83 | -$0.01 | -$0.26 | -$1.56 | $0.11 | -$0.13 | -$0.28 | -$0.30 | $0.15 | $0.95 |
| YoY % | +533.3% | ||||||||||
| Weighted Avg Shares (Basic) | 102.4M | 129.6M | 180.1M | 188.6M | 218.8M | 240.8M | 250.0M | 275.2M | 343.1M | 391.7M | 607.2M |
| YoY % | +26.5% | +38.9% | +4.7% | +16.0% | +10.1% | +3.8% | +10.1% | +24.7% | +14.2% | +55.0% | |
| Weighted Avg Shares (Diluted) | 102.4M | 129.6M | 184.1M | 188.6M | 218.8M | 242.5M | 250.0M | 275.2M | 343.1M | 397.4M | 614.7M |
| YoY % | +26.5% | +42.0% | +2.4% | +16.0% | +10.8% | +3.1% | +10.1% | +24.7% | +15.8% | +54.7% |
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.
