| Market Cap | $49.62B | |
| Enterprise Value | $49.94B | |
| Revenue | $5.57B | +18.8% |
| Gross Profit | $2.40B | +16.6% |
| EBITDA | $653.8M | +13.3% |
| Net Income | $438.3M | +46.9% |
| Diluted EPS | $0.85 | +46.6% |
| Free Cash Flow | $832.7M | +76.1% |
| Ratio | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Trend · 12y | vs own | vs sector |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ▾Margins | |||||||||||||||
| Gross Margin | 41.44% | 43.98% | 44.67% | 44.47% | 42.49% | 43.17% | 46.80% | 47.56% | 42.95% | 42.83% | 42.83% | 42.04% | 13% | 42% | |
| Operating Margin | 2.00% | 4.11% | 6.01% | 7.66% | 7.43% | 9.71% | 13.79% | 13.68% | 6.13% | 8.15% | 4.15% | 4.14% | 21% | 59% | |
| EBITDA Margin | 6.44% | 9.24% | 10.81% | 11.60% | 10.66% | 12.77% | 17.11% | 16.99% | 9.67% | 11.11% | 7.20% | 6.86% | 13% | 53% | |
| NOPAT Margin | — | — | — | — | — | 7.86% | 10.92% | 13.68% | 5.14% | 6.42% | 2.91% | 3.27% | 21% | 56% | |
| Net Margin | −1.78% | 0.48% | 2.79% | 45.04% | −11.14% | 7.09% | 10.23% | 13.81% | 4.21% | 5.81% | 2.09% | 2.59% | 38% | 56% | |
| FCF Margin | 1.82% | 8.18% | 7.01% | 5.01% | 5.22% | 9.81% | 11.64% | 12.76% | −7.12% | 1.42% | 9.41% | 13.95% | 96% | 63% | |
| FCFF Margin | — | — | — | — | — | — | — | — | −6.03% | 3.00% | 11.10% | 15.43% | 88% | 45% | |
| FCFE Margin | — | — | 6.34% | −3.33% | 5.62% | 9.62% | 11.49% | 12.57% | 3.75% | 1.20% | 9.12% | 13.71% | 95% | 62% | |
| OCF Margin | 3.93% | 10.72% | 11.13% | 8.38% | 7.41% | 11.57% | 13.98% | 14.96% | −4.62% | 3.84% | 12.82% | 16.90% | 96% | 65% | |
| Gross Profitability | 45.76% | 39.91% | 40.42% | 31.53% | 34.80% | 39.07% | 39.53% | 35.39% | 30.78% | 33.54% | 30.48% | 34.19% | 38% | 63% | |
| Capex Intensity | 2.11% | 2.54% | 4.12% | 3.38% | 2.19% | 1.75% | 2.34% | 2.20% | 2.50% | 2.42% | 3.40% | 2.95% | 71% | 63% | |
| ▸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 · 6 ratios | |||||||||||||||
| ▸Other · 1 ratios | |||||||||||||||
The five drivers multiply to 4.6% vs reported ROE 4.4%. 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 | $2.29B | $2.45B | $2.60B | $2.80B | $3.09B | $3.57B | $3.53B | $3.62B | $3.63B | $4.39B | $4.01B | $4.77B |
| YoY % | +6.9% | +6.3% | +7.7% | +10.4% | +15.4% | -1.1% | +2.5% | +0.3% | +20.8% | -8.5% | +18.8% | |
| Cost of Revenue | $1.34B | $1.37B | $1.44B | $1.56B | $1.78B | $2.03B | $1.88B | $1.90B | $2.07B | $2.51B | $2.30B | $2.76B |
| YoY % | +2.3% | +5.0% | +8.1% | +14.4% | +14.1% | -7.4% | +1.0% | +9.1% | +21.0% | -8.5% | +20.4% | |
| Gross Profit | $948.4M | $1.08B | $1.16B | $1.25B | $1.31B | $1.54B | $1.65B | $1.72B | $1.56B | $1.88B | $1.72B | $2.00B |
| YoY % | +13.4% | +8.0% | +7.2% | +5.5% | +17.3% | +7.2% | +4.2% | -9.4% | +20.4% | -8.5% | +16.6% | |
| R&D Expense | $401.2M | $414.2M | $451.8M | $475.3M | $491.6M | $548.1M | $529.9M | $536.7M | $624.7M | $750.6M | $767.5M | $848.3M |
| YoY % | +3.2% | +9.1% | +5.2% | +3.4% | +11.5% | -3.3% | +1.3% | +16.4% | +20.2% | +2.3% | +10.5% | |
| Selling & Marketing Expense | $328.3M | $333.8M | $349.7M | $356.2M | $394.1M | $423.0M | $416.4M | $452.2M | $466.6M | $490.8M | $510.7M | $581.3M |
| YoY % | +1.7% | +4.8% | +1.8% | +10.6% | +7.4% | -1.6% | +8.6% | +3.2% | +5.2% | +4.0% | +13.8% | |
| SG&A Expense | $126.8M | $123.4M | $132.8M | $142.6M | $160.1M | $174.4M | $169.5M | $181.9M | $179.4M | $215.3M | $220.6M | $238.7M |
| YoY % | -2.7% | +7.6% | +7.4% | +12.3% | +8.9% | -2.8% | +7.3% | -1.4% | +20.0% | +2.5% | +8.2% | |
| Total Operating Expenses | $902.6M | $975.1M | $1.01B | $1.03B | $1.08B | $1.20B | $1.17B | $1.23B | $1.34B | $1.52B | $1.55B | $1.81B |
| YoY % | +8.0% | +3.1% | +2.6% | +5.2% | +10.2% | -2.5% | +5.2% | +9.0% | +13.7% | +2.1% | +16.4% | |
| Operating Income | $45.7M | $100.4M | $156.2M | $214.7M | $229.9M | $346.8M | $487.0M | $495.4M | $222.8M | $357.5M | $166.6M | $197.5M |
| YoY % | +119.8% | +55.5% | +37.5% | +7.1% | +50.8% | +40.4% | +1.7% | -55.0% | +60.5% | -53.4% | +18.6% | |
| Interest Expense | — | — | — | — | — | — | — | — | $47.0M | $88.0M | $97.0M | $89.4M |
| YoY % | +87.1% | +10.2% | -7.9% | |||||||||
| Other Non-Operating Income | -$1.5M | -$2.3M | $858,000 | -$92,000 | -$1.0M | -$737,000 | -$1.1M | -$533,000 | -$5.9M | -$5.0M | -$1.6M | -$2.4M |
| Impairment of Real Estate | — | — | — | — | — | — | — | — | $3.8M | — | — | — |
| Pretax Income | — | — | — | — | — | $313.2M | $456.0M | $462.8M | $182.5M | $323.7M | $119.8M | $156.3M |
| YoY % | +45.6% | +1.5% | -60.6% | +77.3% | -63.0% | +30.4% | ||||||
| Income Tax | $14.0M | $12.1M | $14.1M | -$1.11B | $493.5M | $59.8M | $94.7M | -$37.4M | $29.6M | $68.8M | $35.9M | $32.9M |
| YoY % | -13.4% | +16.8% | -87.9% | +58.4% | +132.5% | -47.8% | -8.2% | |||||
| Net Income (incl. NCI) | $547.2M | $661.4M | $709.8M | — | — | — | — | — | — | — | — | — |
| YoY % | +20.9% | +7.3% | ||||||||||
| Net Income | -$40.6M | $11.7M | $72.6M | $1.26B | -$344.7M | $253.4M | $361.3M | $500.2M | $152.9M | $254.8M | $84.0M | $123.3M |
| YoY % | +522.1% | +1638.6% | +42.6% | +38.4% | -69.4% | +66.7% | -67.1% | +46.9% | ||||
| EPS (Basic) | -$0.38 | $0.10 | $0.52 | $8.89 | -$2.40 | $1.63 | $2.34 | $3.22 | $1.01 | $1.71 | $0.58 | $0.87 |
| YoY % | +420.0% | +1609.6% | +43.6% | +37.6% | -68.6% | +69.3% | -66.1% | +50.0% | ||||
| EPS (Diluted) | -$0.38 | $0.10 | $0.51 | $7.53 | -$2.49 | $1.61 | $2.32 | $3.19 | $1.00 | $1.71 | $0.58 | $0.85 |
| YoY % | +410.0% | +1376.5% | +44.1% | +37.5% | -68.7% | +71.0% | -66.1% | +46.6% | ||||
| Weighted Avg Shares (Basic) | 105.8M | 118.4M | 138.3M | 142.0M | 143.7M | 155.7M | 154.3M | 155.3M | 151.2M | 149.0M | 144.7M | 142.2M |
| YoY % | +11.9% | +16.8% | +2.7% | +1.2% | +8.3% | -0.9% | +0.6% | -2.6% | -1.5% | -2.9% | -1.7% | |
| Weighted Avg Shares (Diluted) | 105.8M | 120.1M | 150.7M | 169.9M | 143.7M | 157.6M | 156.0M | 156.7M | 152.2M | 149.4M | 146.0M | 145.2M |
| YoY % | +13.5% | +25.5% | +12.8% | -15.4% | +9.7% | -1.1% | +0.5% | -2.9% | -1.8% | -2.3% | -0.5% |
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.
