| Market Cap | $43.44B | |
| Enterprise Value | $44.22B | |
| Revenue | $6.60B | +23.4% |
| Gross Profit | $2.43B | +40.3% |
| EBITDA | $612.3M | — |
| Net Income | $468.8M | — |
| Diluted EPS | -$0.52 | — |
| Free Cash Flow | -$538.2M | −3.1% |
| Ratio | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Trend · 12y | vs own | vs sector |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ▾Margins | |||||||||||||||
| Gross Margin | — | — | 37.82% | 39.95% | 39.89% | 38.26% | 33.24% | 37.91% | 38.16% | 31.36% | 30.93% | 35.17% | 35% | 34% | |
| Operating Margin | 6.80% | 10.35% | 11.10% | 11.89% | 11.80% | 10.91% | 1.66% | 12.95% | 12.49% | −0.72% | 2.04% | — | — | — | |
| EBITDA Margin | 14.57% | 17.51% | 17.95% | 18.43% | 18.77% | 17.69% | 10.94% | 21.64% | 21.14% | 13210.01% | 11892.40% | — | — | — | |
| NOPAT Margin | — | — | — | — | — | — | 1.31% | 10.93% | 10.41% | −0.57% | 1.61% | — | — | — | |
| Net Margin | 5.63% | 8.89% | 7.92% | 9.80% | 7.59% | 7.89% | −2.82% | 9.58% | 7.08% | −5.03% | −3.32% | 0.85% | 29% | 52% | |
| FCF Margin | 9.69% | 10.39% | 7.83% | −2.05% | 0.65% | 3.04% | 6.74% | 13.78% | 2.98% | 3.84% | 4.23% | 3.32% | 38% | 39% | |
| FCFF Margin | — | — | — | — | — | — | — | 15.41% | 6.03% | — | — | — | — | — | |
| FCFE Margin | 1.65% | 1.15% | −0.11% | −4.62% | — | — | — | — | — | — | — | — | — | — | |
| OCF Margin | 13.97% | 17.44% | 14.87% | 12.20% | 13.89% | 13.10% | 12.49% | 18.49% | 12.46% | 12.29% | 11.59% | 10.91% | 4% | 54% | |
| Gross Profitability | — | — | 25.81% | 26.29% | 26.24% | 26.68% | 15.11% | 18.08% | 16.13% | 11.80% | 10.05% | 13.70% | 25% | 23% | |
| Capex Intensity | 4.28% | 7.05% | 7.03% | 14.25% | 13.24% | 10.06% | 5.75% | 4.71% | 9.48% | 8.45% | 7.37% | 7.59% | 54% | 83% | |
| ▸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 · 3 ratios | |||||||||||||||
| ▸Other · 1 ratios | |||||||||||||||
The five drivers multiply to 7.1% vs reported ROE 6.7%. 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 | $683.3M | $742.0M | $827.2M | $972.0M | $1.16B | $1.36B | $2.38B | $3.11B | $3.32B | $5.16B | $4.71B | $5.81B |
| YoY % | +8.6% | +11.5% | +17.5% | +19.2% | +17.6% | +74.7% | +30.5% | +6.8% | +55.6% | -8.8% | +23.4% | |
| Cost of Revenue | — | — | $514.4M | $583.7M | $696.6M | $841.1M | $1.59B | $1.93B | $2.05B | $3.54B | $3.25B | $3.77B |
| YoY % | +13.5% | +19.3% | +20.8% | +88.9% | +21.4% | +6.4% | +72.7% | -8.2% | +15.8% | |||
| R&D Expense | $42.5M | $51.3M | $60.4M | $96.8M | $116.9M | $139.2M | $339.1M | $330.1M | $377.1M | $499.6M | $478.8M | $581.9M |
| YoY % | +20.5% | +17.7% | +60.4% | +20.7% | +19.1% | +143.7% | -2.6% | +14.2% | +32.5% | -4.2% | +21.5% | |
| SG&A Expense | $137.7M | $143.5M | $160.6M | $176.0M | $208.6M | $233.5M | $412.6M | $445.2M | $474.1M | $1.04B | $854.0M | $926.5M |
| YoY % | +4.2% | +11.9% | +9.6% | +18.5% | +12.0% | +76.7% | +7.9% | +6.5% | +118.7% | -17.6% | +8.5% | |
| Total Operating Expenses | $637.6M | — | — | $853.3M | $1.04B | $1.23B | $2.44B | $2.75B | $3.03B | $5.52B | $4.86B | $5.72B |
| YoY % | +21.5% | +19.0% | +98.1% | +12.7% | +10.2% | +81.7% | -12.0% | +17.7% | ||||
| Operating Income | $46.5M | $76.8M | $91.8M | $115.6M | $136.8M | $148.7M | $39.5M | $402.1M | $414.3M | -$37.1M | $96.1M | — |
| YoY % | +65.2% | +19.5% | +25.9% | +18.4% | +8.7% | -73.4% | +918.6% | +3.0% | ||||
| Interest Expense | $4.5M | $3.9M | $3.1M | $6.8M | $18.4M | $22.4M | $89.4M | $59.9M | $121.3M | $286.9M | — | — |
| YoY % | -13.8% | -20.2% | +121.0% | +169.5% | +22.2% | +298.8% | -33.0% | +102.4% | +136.6% | |||
| Equity Method Income | $698,000 | $948,000 | $29,000 | $744,000 | $3.6M | $3.2M | $2.8M | $14.2M | $2.2M | -$66,000 | -$51,000 | $1.3M |
| YoY % | +35.8% | -96.9% | +2465.5% | +383.1% | -10.6% | -13.7% | +413.4% | -84.6% | ||||
| Gains on Sale of Real Estate | — | — | — | — | — | — | $1.5M | -$2.5M | -$617,000 | -$2.4M | — | — |
| Impairment of Real Estate | — | — | — | — | — | — | — | — | — | $0 | $0 | $85.0M |
| Pretax Income | — | — | — | — | — | — | -$63.9M | $352.6M | $281.8M | -$355.6M | -$147.6M | $94.2M |
| YoY % | -20.1% | |||||||||||
| Income Tax | $7.3M | $13.1M | $24.5M | $23.5M | $34.2M | $21.3M | $3.1M | $55.0M | $47.0M | -$96.1M | $11.1M | $64.1M |
| YoY % | +79.3% | +86.3% | -3.9% | +45.4% | -37.7% | -85.4% | +1674.8% | -14.5% | +476.8% | |||
| Income from Continuing Operations | $38.3M | $66.0M | $65.5M | — | — | — | — | — | — | — | — | — |
| YoY % | +72.2% | -0.7% | ||||||||||
| Income from Discontinued Operations | $133,000 | — | — | — | — | — | — | — | — | — | — | — |
| Net Income (incl. NCI) | $38.4M | $66.0M | $65.5M | $95.3M | $88.0M | $107.5M | -$67.0M | $297.6M | $234.8M | -$259.5M | -$158.8M | $30.1M |
| YoY % | +71.6% | -0.7% | +45.5% | -7.6% | +22.2% | -21.1% | ||||||
| Minority Interest (P&L) | — | — | — | — | — | — | — | — | $0 | $0 | -$2.6M | -$19.3M |
| Net Income | $38.4M | $66.0M | $65.5M | $95.3M | $88.0M | $107.5M | -$67.0M | $297.6M | $234.8M | -$259.5M | -$156.2M | $49.4M |
| YoY % | +71.6% | -0.7% | +45.5% | -7.6% | +22.2% | -21.1% | ||||||
| Net Income to Common | — | — | — | — | — | $107.5M | -$67.0M | $260.3M | $166.5M | -$403.7M | -$279.5M | -$80.6M |
| YoY % | -36.0% | |||||||||||
| EPS (Basic) | $0.62 | $1.08 | $1.07 | $1.52 | $1.41 | $1.69 | -$0.79 | $2.50 | $1.57 | -$2.93 | -$1.84 | -$0.52 |
| YoY % | +74.2% | -0.9% | +42.1% | -7.2% | +19.9% | -37.2% | ||||||
| EPS (Diluted) | $0.60 | $1.05 | $1.04 | $1.48 | $1.35 | $1.63 | -$0.79 | $2.37 | $1.45 | -$2.93 | -$1.84 | -$0.52 |
| YoY % | +75.0% | -1.0% | +42.3% | -8.8% | +20.7% | -38.8% | ||||||
| Weighted Avg Shares (Basic) | 62.2M | 61.2M | 61.4M | 62.6M | 62.5M | 63.6M | 84.8M | 104.2M | 106.2M | 137.6M | 151.6M | — |
| YoY % | -1.7% | +0.2% | +2.0% | -0.1% | +1.7% | +33.4% | +22.8% | +2.0% | +29.6% | +10.2% | ||
| Weighted Avg Shares (Diluted) | 63.7M | 62.6M | 62.9M | 64.5M | 65.1M | 65.8M | 84.8M | 115.0M | 116.5M | 137.6M | 151.6M | 154.8M |
| YoY % | -1.7% | +0.5% | +2.5% | +1.0% | +1.0% | +28.9% | +35.6% | +1.3% | +18.1% | +10.2% | +2.1% |
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.
