| Market Cap | $88.53B | |
| Enterprise Value | $92.24B | |
| Revenue | $33.89B | −1.3% |
| Gross Profit | $8.60B | +0.9% |
| EBITDA | $4.96B | +6.5% |
| Net Income | $2.84B | −28.0% |
| Diluted EPS | $20.50 | −27.7% |
| Free Cash Flow | $2.67B | +755.2% |
| DPS (FY2025) | $7.61derived |
| Trailing yield | 1.19% |
| Payout ratio | — |
| Growth streak | 11 yrs |
| 5y DPS growth | 7.7% |
| Fiscal year | DPS | YoY | Basis |
|---|---|---|---|
| FY20252025-12-31 | $7.61 | +9.2% | derived (paid ÷ diluted shares) |
| FY20242024-12-31 | $6.97 | +7.9% | 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 | 25.29% | 25.89% | 25.46% | 24.97% | 24.13% | 25.37% | 24.70% | 23.71% | 23.93% | 24.22% | 24.75% | 25.29% | 71% | 38% | |
| Operating Margin | 12.30% | 10.76% | 10.74% | 11.43% | 11.72% | 11.45% | 11.45% | 11.27% | 10.43% | 5.17% | 11.00% | 11.95% | 88% | 73% | |
| EBITDA Margin | 14.67% | 13.45% | 13.76% | 14.28% | 14.29% | 14.31% | 14.85% | 14.02% | 13.23% | 8.18% | 14.12% | 15.24% | 96% | 65% | |
| NOPAT Margin | 8.78% | 7.81% | 8.10% | 4.80% | 9.31% | 9.17% | 8.87% | 8.86% | 8.08% | 2.67% | 9.12% | 8.92% | 71% | 70% | |
| Net Margin | 8.59% | 7.32% | 7.96% | 4.89% | 9.01% | 9.59% | 9.03% | 8.87% | 7.66% | 2.16% | 11.57% | 8.44% | 46% | 73% | |
| FCF Margin | 7.92% | 6.91% | 8.04% | 8.67% | 7.02% | 10.53% | 11.07% | 6.34% | 3.73% | 8.08% | 0.82% | 7.09% | 46% | 57% | |
| FCFF Margin | 8.16% | 7.16% | 8.34% | 8.84% | 7.40% | 10.90% | 11.47% | 6.70% | 4.27% | 8.65% | 1.72% | 7.82% | 46% | 39% | |
| FCFE Margin | 8.00% | 6.93% | 8.78% | 8.76% | 7.18% | 10.80% | 21.29% | 6.67% | 11.22% | 10.61% | 8.79% | 14.02% | 88% | 77% | |
| OCF Margin | 11.79% | 10.81% | 11.07% | 11.15% | 10.00% | 13.50% | 13.74% | 9.39% | 6.99% | 11.64% | 4.36% | 10.75% | 38% | 53% | |
| Gross Profitability | 30.84% | 32.69% | 29.70% | 28.22% | 30.10% | 30.30% | 21.63% | 24.02% | 22.18% | 25.77% | 26.76% | 25.05% | 29% | 57% | |
| Capex Intensity | 3.87% | 3.89% | 3.03% | 2.48% | 2.98% | 2.97% | 2.67% | 3.06% | 3.26% | 3.56% | 3.54% | 3.67% | 79% | 65% | |
| ▸Returns on Capital · 6 ratios | |||||||||||||||
| ▸DuPont factors (ROE drivers) · 4 ratios | |||||||||||||||
| ▸Earnings quality · 7 ratios | |||||||||||||||
| ▸Liquidity & coverage · 9 ratios | |||||||||||||||
| ▸Leverage · 9 ratios | |||||||||||||||
| ▸Working capital · 5 ratios | |||||||||||||||
| ▸Capital allocation · 5 ratios | |||||||||||||||
| ▸Per share · 3 ratios | |||||||||||||||
| ▸Other · 1 ratios | |||||||||||||||
The five drivers multiply to 23.9% vs reported ROE 25.1%. 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 | $19.22B | $19.11B | $17.51B | $20.43B | $23.77B | $23.57B | $19.81B | $24.02B | $28.07B | $34.06B | $34.10B | $33.67B |
| YoY % | -0.6% | -8.4% | +16.7% | +16.4% | -0.8% | -16.0% | +21.3% | +16.9% | +21.3% | +0.1% | -1.3% | |
| Cost of Revenue | $14.36B | $14.16B | $13.05B | $15.33B | $18.03B | $17.59B | $14.92B | $18.33B | $21.36B | $25.82B | $25.66B | $25.15B |
| YoY % | -1.4% | -7.9% | +17.4% | +17.7% | -2.5% | -15.2% | +22.9% | +16.5% | +20.9% | -0.6% | -2.0% | |
| Gross Profit | $4.86B | $4.95B | $4.46B | $5.10B | $5.74B | $5.98B | $4.89B | $5.70B | $6.72B | $8.25B | $8.44B | $8.52B |
| YoY % | +1.8% | -9.9% | +14.4% | +12.5% | +4.2% | -18.2% | +16.4% | +18.0% | +22.8% | +2.3% | +0.9% | |
| R&D Expense | $754.0M | $735.0M | $637.0M | $754.0M | $902.0M | $1.00B | $906.0M | $1.09B | $1.28B | $1.50B | $1.46B | $1.40B |
| YoY % | -2.5% | -13.3% | +18.4% | +19.6% | +11.0% | -9.5% | +20.3% | +17.2% | +17.4% | -2.5% | -4.6% | |
| SG&A Expense | $2.10B | $2.09B | $2.10B | $2.43B | $2.44B | $2.45B | $2.13B | $2.37B | $2.69B | $3.33B | $3.27B | $3.13B |
| YoY % | -0.1% | +0.3% | +15.7% | +0.3% | +0.7% | -13.4% | +11.7% | +13.2% | +24.0% | -1.7% | -4.6% | |
| Operating Income | $2.37B | $2.06B | $1.88B | $2.33B | $2.79B | $2.70B | $2.27B | $2.71B | $2.93B | $1.76B | $3.75B | $4.03B |
| YoY % | -13.0% | -8.6% | +24.1% | +19.4% | -3.1% | -16.0% | +19.3% | +8.2% | -39.9% | +112.9% | +7.3% | |
| Interest Expense | $64.0M | $65.0M | $69.0M | $81.0M | $114.0M | $109.0M | $100.0M | $111.0M | $199.0M | $375.0M | $370.0M | $329.0M |
| YoY % | +1.6% | +6.2% | +17.4% | +40.7% | -4.4% | -8.3% | +11.0% | +79.3% | +88.4% | -1.3% | -11.1% | |
| Interest & Investment Income | $23.0M | $24.0M | $23.0M | $18.0M | $35.0M | $46.0M | $21.0M | — | — | — | — | — |
| YoY % | +4.3% | -4.2% | -21.7% | +94.4% | +31.4% | -54.3% | ||||||
| Other Non-Operating Income | $110.0M | $9.0M | $96.0M | $94.0M | $81.0M | $243.0M | $169.0M | $156.0M | $89.0M | $240.0M | $1.52B | $267.0M |
| YoY % | -91.8% | +966.7% | -2.1% | -13.8% | +200.0% | -30.5% | -7.7% | -42.9% | +169.7% | +534.6% | -82.5% | |
| Equity Method Income | $330.0M | $315.0M | $301.0M | $357.0M | $394.0M | $330.0M | $452.0M | $506.0M | $349.0M | $483.0M | $395.0M | $469.0M |
| YoY % | -4.5% | -4.4% | +18.6% | +10.4% | -16.2% | +37.0% | +11.9% | -31.0% | +38.4% | -18.2% | +18.7% | |
| Impairment of Real Estate | — | — | — | — | — | — | — | — | — | — | $61.0M | $47.0M |
| YoY % | -23.0% | |||||||||||
| Pretax Income | $2.43B | $2.02B | $1.93B | $2.37B | $2.75B | $2.83B | $2.34B | $2.75B | $2.82B | $1.63B | $4.90B | $3.96B |
| YoY % | -16.8% | -4.7% | +22.5% | +16.4% | +2.9% | -17.5% | +17.7% | +2.5% | -42.3% | +201.5% | -19.2% | |
| Income Tax | $698.0M | $555.0M | $474.0M | $1.37B | $566.0M | $566.0M | $527.0M | $587.0M | $636.0M | $786.0M | $835.0M | $1.01B |
| YoY % | -20.5% | -14.6% | +189.2% | -58.7% | 0.0% | -6.9% | +11.4% | +8.3% | +23.6% | +6.2% | +20.5% | |
| Net Income (incl. NCI) | $1.74B | $1.47B | $1.46B | $994.0M | $2.19B | $2.27B | $1.81B | $2.16B | $2.18B | $840.0M | $4.07B | $2.96B |
| YoY % | -15.3% | -1.0% | -31.7% | +120.0% | +3.7% | -20.1% | +19.5% | +0.9% | -61.5% | +384.3% | -27.3% | |
| Minority Interest (P&L) | $85.0M | $71.0M | $62.0M | -$5.0M | $46.0M | $8.0M | $22.0M | $33.0M | $32.0M | $105.0M | $122.0M | $114.0M |
| YoY % | -16.5% | -12.7% | -82.6% | +175.0% | +50.0% | -3.0% | +228.1% | +16.2% | -6.6% | |||
| Net Income to Common | $1.65B | $1.40B | $1.39B | $999.0M | $2.14B | $2.26B | $1.79B | $2.13B | $2.15B | $735.0M | $3.95B | $2.84B |
| YoY % | -15.3% | -0.4% | -28.3% | +114.3% | +5.6% | -20.8% | +19.1% | +0.9% | -65.8% | +436.9% | -28.0% | |
| EPS (Basic) | $9.04 | $7.86 | $8.25 | $5.99 | $13.20 | $14.54 | $12.07 | $14.74 | $15.20 | $5.19 | $28.55 | $20.62 |
| YoY % | -13.1% | +5.0% | -27.4% | +120.4% | +10.2% | -17.0% | +22.1% | +3.1% | -65.9% | +450.1% | -27.8% | |
| EPS (Diluted) | $9.02 | $7.84 | $8.23 | $5.97 | $13.15 | $14.48 | $12.01 | $14.61 | $15.12 | $5.15 | $28.37 | $20.50 |
| YoY % | -13.1% | +5.0% | -27.5% | +120.3% | +10.1% | -17.1% | +21.6% | +3.5% | -65.9% | +450.9% | -27.7% | |
| Weighted Avg Shares (Basic) | 182.6M | 178.0M | 169.0M | 166.7M | 162.2M | 155.4M | 148.2M | 144.6M | 141.5M | 141.7M | 138.2M | 137.9M |
| YoY % | -2.5% | -5.1% | -1.4% | -2.7% | -4.2% | -4.6% | -2.4% | -2.1% | +0.1% | -2.5% | -0.2% | |
| Weighted Avg Shares (Diluted) | 183.1M | 178.4M | 169.3M | 167.3M | 162.8M | 156.1M | 149.0M | 145.9M | 142.3M | 142.7M | 139.1M | 138.7M |
| YoY % | -2.6% | -5.1% | -1.2% | -2.7% | -4.1% | -4.5% | -2.1% | -2.5% | +0.3% | -2.5% | -0.3% |
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 | $6.45 | +7.4% | derived (paid ÷ diluted shares) |
| FY20222022-12-31 | $6.01 | +8.4% | derived (paid ÷ diluted shares) |
| FY20212021-12-31 | $5.54 | +5.7% | derived (paid ÷ diluted shares) |
| FY20202020-12-31 | $5.25 | +7.7% | derived (paid ÷ diluted shares) |
| FY20192019-12-31 | $4.88 | +10.5% | derived (paid ÷ diluted shares) |
| FY20182018-12-31 | $4.41 | +5.3% | derived (paid ÷ diluted shares) |
| FY20172017-12-31 | $4.19 | +5.0% | derived (paid ÷ diluted shares) |
| FY20162016-12-31 | $3.99 | +14.5% | derived (paid ÷ diluted shares) |
| Ex-date | Amount | Pay date | Freq | Source |
|---|---|---|---|---|
| 2026-05-22 | $2.00 | — | quarterly | licensed |
| 2026-02-20 | $2.00 | 2026-03-05 | quarterly | licensed |
| 2025-11-21 | $2.00 | 2025-12-04 | quarterly | licensed |
| 2025-08-22 | $2.00 | — | quarterly | licensed |
| 2025-05-23 | $1.82 | — | quarterly | licensed |
| 2025-02-21 | $1.82 | — | quarterly | licensed |
| 2024-11-22 | $1.82 | — | quarterly | licensed |
| 2024-08-23 | $1.82 | — | quarterly | licensed |
