| Market Cap | $23.66B | |
| Enterprise Value | $25.46B | |
| Revenue | $6.21B | +1.6% |
| Gross Profit | $2.80B | −0.5% |
| EBITDA | $1.32B | +26.6% |
| Net Income | $733.0M | +25.9% |
| Diluted EPS | $3.02 | +27.4% |
| Free Cash Flow | $1.08B | +11.9% |
| DPS (FY2025) | $1.18derived |
| Trailing yield | 1.18% |
| Payout ratio | 39.0% |
| Growth streak | 11 yrs |
| 5y DPS growth | 4.6% |
| Fiscal year | DPS | YoY | Basis |
|---|---|---|---|
| FY20252025-12-31 | $1.18 | +4.8% | derived (paid ÷ diluted shares) |
| FY20242024-12-31 | $1.12 | +4.2% | derived (paid ÷ diluted shares) |
| Ratio | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Trend · 12y | vs own | vs sector |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ▾Margins | |||||||||||||||
| Gross Margin | — | — | 45.54% | 45.80% | 44.40% | 45.53% | 45.23% | 43.61% | 41.86% | 44.11% | 45.69% | 44.73% | 45% | 77% | |
| Operating Margin | — | — | 20.73% | 19.40% | 19.10% | 19.28% | 21.03% | 20.79% | 11.12% | 18.02% | 13.22% | 17.37% | 25% | 82% | |
| EBITDA Margin | — | — | 23.81% | 22.72% | 22.50% | 23.33% | 24.91% | 25.01% | 15.19% | 21.86% | 17.13% | 21.36% | 25% | 78% | |
| NOPAT Margin | — | — | 13.48% | 19.40% | 15.09% | 15.35% | 16.97% | 16.68% | 8.80% | 14.07% | 10.23% | 13.38% | 25% | 80% | |
| Net Margin | — | — | 13.14% | 19.69% | 13.71% | 14.13% | 16.05% | 15.94% | 7.70% | 12.88% | 9.58% | 11.88% | 25% | 79% | |
| FCF Margin | — | — | 17.33% | 16.86% | 16.96% | 18.15% | 18.21% | 16.86% | 13.14% | 13.75% | 15.99% | 17.62% | 75% | 88% | |
| FCFF Margin | — | — | 17.85% | 18.25% | 18.47% | 19.49% | 19.21% | 17.70% | 14.46% | 15.23% | 17.19% | 18.80% | 75% | 82% | |
| FCFE Margin | — | — | 19.31% | 50.37% | 10.48% | 17.02% | 20.23% | 24.58% | 15.37% | 9.14% | 12.58% | 17.62% | 55% | 85% | |
| OCF Margin | — | — | 18.76% | 18.05% | 18.42% | 19.84% | 20.23% | 19.15% | 16.47% | 17.56% | 18.93% | 19.59% | 75% | 78% | |
| Gross Profitability | 33.33% | 35.51% | 36.53% | 28.76% | 30.33% | 29.80% | 29.86% | 28.31% | 26.96% | 30.21% | 31.41% | 31.13% | 63% | 83% | |
| Capex Intensity | — | — | 1.43% | 1.19% | 1.46% | 1.69% | 2.02% | 2.29% | 3.33% | 3.81% | 2.94% | 1.97% | 45% | 15% | |
| ▸Returns on Capital · 6 ratios | |||||||||||||||
| ▸DuPont factors (ROE drivers) · 4 ratios | |||||||||||||||
| ▸Earnings quality · 7 ratios | |||||||||||||||
| ▸Liquidity & coverage · 9 ratios | |||||||||||||||
| ▸Leverage · 8 ratios | |||||||||||||||
| ▸Working capital · 8 ratios | |||||||||||||||
| ▸Capital allocation · 5 ratios | |||||||||||||||
| ▸Per share · 3 ratios | |||||||||||||||
| ▸Other · 1 ratios | |||||||||||||||
The five drivers multiply to 18.4% vs reported ROE 17.6%. 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 | — | — | $3.49B | $3.78B | $4.15B | $4.36B | $4.90B | $5.19B | $5.38B | $5.87B | $6.11B | $6.20B |
| YoY % | +8.1% | +9.8% | +5.1% | +12.3% | +6.0% | +3.6% | +9.2% | +4.1% | +1.6% | |||
| Cost of Revenue | — | — | $1.90B | $2.05B | $2.31B | $2.37B | $2.68B | $2.93B | $3.13B | $3.28B | $3.32B | $3.43B |
| YoY % | +7.6% | +12.6% | +3.0% | +13.0% | +9.1% | +6.8% | +4.9% | +1.1% | +3.4% | |||
| Gross Profit | $1.45B | $1.51B | $1.59B | $1.73B | $1.84B | $1.98B | $2.21B | $2.26B | $2.25B | $2.59B | $2.79B | $2.77B |
| YoY % | +4.1% | +5.2% | +8.7% | +6.4% | +7.8% | +11.6% | +2.2% | -0.6% | +15.0% | +7.8% | -0.5% | |
| R&D Expense | $59.8M | $64.7M | $63.2M | $70.8M | $89.7M | $93.6M | $102.6M | $105.2M | $110.0M | $122.4M | $139.7M | $145.6M |
| YoY % | +8.2% | -2.3% | +12.0% | +26.7% | +4.3% | +9.6% | +2.5% | +4.6% | +11.3% | +14.1% | +4.2% | |
| SG&A Expense | $394.8M | $420.1M | $439.2M | $542.7M | $565.9M | $628.8M | $593.3M | $606.7M | $706.0M | $889.8M | $927.8M | $988.3M |
| YoY % | +6.4% | +4.5% | +23.6% | +4.3% | +11.1% | -5.6% | +2.3% | +16.4% | +26.0% | +4.3% | +6.5% | |
| Operating Income | $641.2M | $674.2M | $724.2M | $732.7M | $791.7M | $840.2M | $1.03B | $1.08B | $597.8M | $1.06B | $807.1M | $1.08B |
| YoY % | +5.1% | +7.4% | +1.2% | +8.1% | +6.1% | +22.6% | +4.8% | -44.6% | +76.9% | -23.7% | +33.5% | |
| Interest Expense | $27.4M | $30.5M | $27.7M | $52.6M | $79.4M | $73.6M | $61.0M | $54.5M | $89.6M | $110.9M | $95.0M | $95.2M |
| YoY % | +11.3% | -9.2% | +89.9% | +51.0% | -7.3% | -17.1% | -10.7% | +64.4% | +23.8% | -14.3% | +0.2% | |
| Other Non-Operating Income | -$2.8M | -$4.0M | -$1.5M | -$300,000 | -$3.9M | -$1.1M | -$2.1M | -$2.3M | -$1.0M | -$800,000 | $8.8M | -$56.9M |
| Equity Method Income | $11.6M | -$5.8M | $9.2M | $10.8M | $9.2M | $6.6M | $6.7M | $9.4M | $12.3M | $8.7M | $9.1M | $7.9M |
| YoY % | +17.4% | -14.8% | -28.3% | +1.5% | +40.3% | +30.9% | -29.3% | +4.6% | -13.2% | |||
| Impairment of Real Estate | — | — | — | — | — | — | $1.9M | $14.9M | $2.4M | $8.9M | $12.1M | $10.1M |
| YoY % | +684.2% | -83.9% | +270.8% | +36.0% | -16.5% | |||||||
| Pretax Income | $624.9M | $635.4M | $705.9M | $692.7M | $719.5M | $773.7M | $973.8M | $1.03B | $523.3M | $967.4M | $756.3M | $956.9M |
| YoY % | +1.7% | +11.1% | -1.9% | +3.9% | +7.5% | +25.9% | +5.9% | -49.3% | +84.9% | -21.8% | +26.5% | |
| Income Tax | $211.0M | $225.0M | $246.9M | -$50.7M | $150.9M | $157.8M | $187.9M | $204.2M | $109.4M | $211.8M | $171.0M | $220.1M |
| YoY % | +6.6% | +9.7% | +4.6% | +19.1% | +8.7% | -46.4% | +93.6% | -19.3% | +28.7% | |||
| Net Income (incl. NCI) | $413.9M | $410.4M | $459.0M | $743.4M | $568.6M | $615.9M | $785.9M | — | — | — | — | — |
| YoY % | -0.8% | +11.8% | +62.0% | -23.5% | +8.3% | +27.6% | ||||||
| Net Income | $413.9M | $410.4M | $459.0M | $743.4M | $568.6M | $615.9M | $785.9M | $827.5M | $413.9M | $755.6M | $585.3M | $736.8M |
| YoY % | -0.8% | +11.8% | +62.0% | -23.5% | +8.3% | +27.6% | +5.3% | -50.0% | +82.6% | -22.5% | +25.9% | |
| EPS (Basic) | $1.53 | $1.57 | $1.78 | $2.97 | $2.32 | $2.50 | $3.18 | $3.38 | $1.70 | $3.09 | $2.39 | $3.04 |
| YoY % | +2.6% | +13.4% | +66.9% | -21.9% | +7.8% | +27.2% | +6.3% | -49.7% | +81.8% | -22.7% | +27.2% | |
| EPS (Diluted) | $1.51 | $1.54 | $1.75 | $2.90 | $2.27 | $2.44 | $3.12 | $3.32 | $1.68 | $3.05 | $2.37 | $3.02 |
| YoY % | +2.0% | +13.6% | +65.7% | -21.7% | +7.5% | +27.9% | +6.4% | -49.4% | +81.5% | -22.3% | +27.4% | |
| Weighted Avg Shares (Basic) | 270.2M | 262.2M | 257.6M | 250.6M | 245.5M | 246.2M | 246.8M | 244.9M | 242.9M | 244.9M | 244.4M | 242.7M |
| YoY % | -3.0% | -1.8% | -2.7% | -2.0% | +0.3% | +0.2% | -0.8% | -0.8% | +0.8% | -0.2% | -0.7% | |
| Weighted Avg Shares (Diluted) | 275.0M | 267.2M | 262.1M | 256.1M | 250.7M | 252.1M | 252.2M | 249.6M | 246.3M | 247.6M | 246.9M | 244.3M |
| YoY % | -2.8% | -1.9% | -2.3% | -2.1% | +0.6% | +0.0% | -1.0% | -1.3% | +0.5% | -0.3% | -1.1% |
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.
| FY20232023-12-31 | $1.08 | +4.0% | derived (paid ÷ diluted shares) |
| FY20222022-12-31 | $1.04 | +4.4% | derived (paid ÷ diluted shares) |
| FY20212021-12-31 | $0.99 | +5.4% | derived (paid ÷ diluted shares) |
| FY20202020-12-31 | $0.94 | +5.8% | derived (paid ÷ diluted shares) |
| FY20192019-12-31 | $0.89 | +4.5% | derived (paid ÷ diluted shares) |
| FY20182018-12-31 | $0.85 | +14.4% | derived (paid ÷ diluted shares) |
| FY20172017-12-31 | $0.74 | +6.5% | derived (paid ÷ diluted shares) |
| FY20162016-12-31 | $0.70 | +6.4% | derived (paid ÷ diluted shares) |
| Ex-date | Amount | Pay date | Freq | Source |
|---|---|---|---|---|
| 2026-05-15 | $0.3080 | 2026-06-01 | quarterly | licensed |
| 2026-02-13 | $0.3080 | 2026-03-02 | quarterly | licensed |
| 2025-11-14 | $0.2950 | 2025-12-01 | quarterly | licensed |
| 2025-08-15 | $0.2950 | — | quarterly | licensed |
| 2025-05-15 | $0.2950 | 2025-06-02 | quarterly | licensed |
| 2025-02-14 | $0.2950 | — | quarterly | licensed |
| 2024-11-15 | $0.2840 | — | quarterly | licensed |
| 2024-08-15 | $0.2840 | — | quarterly | licensed |
