| Market Cap | $14.07B | |
| Enterprise Value | $16.19B | |
| Revenue | $4.98B | +0.3% |
| Gross Profit | $1.63B | −5.0% |
| EBITDA | $1.20B | −8.9% |
| Net Income | $725.1M | −43.5% |
| Diluted EPS | $17.12 | −38.5% |
| Free Cash Flow | $924.8M | +5.8% |
| DPS (FY2025) | $4.20 |
| Trailing yield | 1.21% |
| Payout ratio | 24.4% |
| Growth streak | 3 yrs |
| 5y DPS growth | — |
| Fiscal year | DPS | YoY | Basis |
|---|---|---|---|
| FY20252025-12-31 | $4.20 | +13.5% | reported |
| FY20242024-12-31 | $3.70 | +15.6% | reported |
| FY20232023-12-31 | $3.20 | +24.0% |
| Ratio | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Trend · 12y | vs own | vs sector |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ▾Margins | |||||||||||||||
| Gross Margin | 25.58% | 28.41% | 36.37% | 33.92% | 26.22% | 29.12% | 28.65% | 28.55% | 34.24% | 35.63% | 37.73% | 35.71% | 79% | 64% | |
| Operating Margin | 12.74% | 14.20% | 11.00% | 11.35% | 11.36% | 14.14% | 12.29% | 14.95% | 22.11% | 21.43% | 22.85% | 19.97% | 71% | 85% | |
| EBITDA Margin | 15.99% | 17.85% | 14.75% | 15.48% | 15.62% | 18.72% | 17.93% | 18.07% | 25.02% | 24.72% | 26.30% | 23.88% | 71% | 80% | |
| NOPAT Margin | — | — | — | — | — | 11.26% | 9.90% | 11.76% | 16.88% | 16.56% | 17.79% | 15.63% | 50% | 83% | |
| Net Margin | 7.84% | 9.02% | 6.80% | 8.94% | 13.64% | 10.54% | 8.06% | 10.99% | 16.96% | 16.73% | 26.22% | 14.76% | 71% | 82% | |
| FCF Margin | 5.53% | 12.90% | 11.49% | 7.31% | 4.88% | 13.70% | 15.14% | 7.48% | 15.00% | 23.09% | 18.33% | 19.34% | 88% | 91% | |
| FCFF Margin | — | — | — | — | — | — | — | — | 16.20% | 24.36% | 19.47% | 20.56% | 63% | 89% | |
| FCFE Margin | 5.48% | 12.82% | 7.41% | 31.69% | 4.88% | 13.70% | 27.29% | 29.44% | 8.58% | 16.55% | 10.33% | 39.01% | 96% | 95% | |
| OCF Margin | 9.24% | 14.94% | 14.45% | 11.22% | 7.57% | 15.68% | 17.55% | 10.99% | 18.37% | 26.19% | 20.59% | 21.95% | 88% | 82% | |
| Gross Profitability | 21.82% | 25.48% | 29.18% | 19.78% | 22.38% | 24.96% | 19.39% | 15.12% | 25.84% | 24.69% | 32.45% | 28.62% | 79% | 80% | |
| Capex Intensity | 3.71% | 2.03% | 2.96% | 3.91% | 2.69% | 1.98% | 2.41% | 3.51% | 3.37% | 3.10% | 2.26% | 2.61% | 38% | 20% | |
| ▸Returns on Capital · 6 ratios | |||||||||||||||
| ▸DuPont factors (ROE drivers) · 4 ratios | |||||||||||||||
| ▸Earnings quality · 7 ratios | |||||||||||||||
| ▸Liquidity & coverage · 9 ratios | |||||||||||||||
| ▸Leverage · 7 ratios | |||||||||||||||
| ▸Working capital · 8 ratios | |||||||||||||||
| ▸Capital allocation · 5 ratios | |||||||||||||||
| ▸Per share · 6 ratios | |||||||||||||||
| ▸Other · 1 ratios | |||||||||||||||
The five drivers multiply to 42.8% vs reported ROE 34.8%. 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 | $3.20B | $3.54B | $3.68B | $4.09B | $4.48B | $4.48B | $3.97B | $3.84B | $5.45B | $4.59B | $5.00B | $5.02B |
| YoY % | +10.6% | +3.7% | +11.3% | +9.5% | +0.1% | -11.5% | -3.4% | +42.0% | -15.8% | +9.1% | +0.3% | |
| Cost of Revenue | $2.38B | $2.54B | $2.34B | $2.70B | $3.30B | $3.18B | $2.83B | $2.74B | $3.58B | $2.95B | $3.12B | $3.23B |
| YoY % | +6.4% | -7.8% | +15.6% | +22.3% | -3.8% | -10.9% | -3.2% | +30.7% | -17.6% | +5.5% | +3.6% | |
| Gross Profit | $819.5M | $1.01B | $1.16B | $1.05B | $1.17B | $1.37B | — | — | $1.87B | $1.63B | — | — |
| YoY % | +22.8% | +15.0% | -9.4% | +12.1% | +16.8% | -12.4% | ||||||
| R&D Expense | $33.8M | $42.8M | $45.4M | $51.3M | $55.1M | $52.2M | $45.4M | $16.4M | $19.0M | $28.7M | $35.4M | $47.1M |
| YoY % | +26.6% | +6.1% | +13.0% | +7.4% | -5.3% | -13.0% | -63.9% | +15.9% | +51.1% | +23.3% | +33.1% | |
| SG&A Expense | $379.0M | $461.9M | $495.4M | $532.9M | $625.4M | $629.8M | $603.2M | $507.8M | $623.5M | $625.2M | $722.8M | $745.4M |
| YoY % | +21.9% | +7.3% | +7.6% | +17.4% | +0.7% | -4.2% | -15.8% | +22.8% | +0.3% | +15.6% | +3.1% | |
| Total Operating Expenses | $411.2M | $504.8M | — | — | — | — | — | — | — | — | — | — |
| YoY % | +22.8% | |||||||||||
| Operating Income | $408.3M | $503.3M | $404.2M | $464.0M | $509.0M | $634.1M | $487.8M | $573.4M | $1.20B | $982.8M | $1.14B | $1.00B |
| YoY % | +23.3% | -19.7% | +14.8% | +9.7% | +24.6% | -23.1% | +17.5% | +110.1% | -18.4% | +16.3% | -12.3% | |
| Interest Expense | — | — | — | — | — | — | — | — | $85.9M | $75.6M | $73.3M | $78.5M |
| YoY % | -12.0% | -3.0% | +7.1% | |||||||||
| Interest & Investment Income | $1.5M | $700,000 | — | — | — | — | — | — | — | — | — | — |
| YoY % | -53.3% | |||||||||||
| Other Non-Operating Income | — | -$1.4M | $5.6M | -$1.5M | -$9.6M | -$900,000 | -$2.9M | -$4.4M | -$2.0M | $3.1M | -$19.2M | -$1.1M |
| Pretax Income | — | — | — | — | — | $575.1M | $404.2M | $489.9M | $1.12B | $930.4M | $1.11B | $948.8M |
| YoY % | -29.7% | +21.2% | +129.4% | -17.2% | +19.4% | -14.6% | ||||||
| Income Tax | $124.4M | $148.3M | $148.1M | $88.4M | $87.3M | $117.3M | $78.5M | $104.3M | $265.7M | $211.5M | $245.8M | $206.3M |
| YoY % | +19.2% | -0.1% | -40.3% | -1.2% | +34.4% | -33.1% | +32.9% | +154.7% | -20.4% | +16.2% | -16.1% | |
| Income from Continuing Operations | $251.7M | $319.6M | $231.1M | $340.6M | $358.6M | $457.8M | $325.7M | $385.6M | $858.0M | $718.9M | $865.1M | $742.5M |
| YoY % | +27.0% | -27.7% | +47.4% | +5.3% | +27.7% | -28.9% | +18.4% | +122.5% | -16.2% | +20.3% | -14.2% | |
| Net Income | $251.3M | $319.7M | $250.1M | $365.5M | $611.1M | $472.8M | $320.1M | $421.7M | $924.0M | $767.4M | $1.31B | $740.7M |
| YoY % | +27.2% | -21.8% | +46.1% | +67.2% | -22.6% | -32.3% | +31.7% | +119.1% | -16.9% | +70.9% | -43.5% | |
| Net Income to Common | $251.3M | $319.7M | $250.1M | $365.5M | $611.1M | $472.8M | — | $420.5M | $921.8M | $765.6M | $1.31B | — |
| YoY % | +27.2% | -21.8% | +46.1% | +67.2% | -22.6% | +119.2% | -16.9% | +71.0% | ||||
| EPS (Basic) | $3.89 | $4.89 | $3.86 | $5.75 | $10.09 | $8.28 | $5.85 | $8.01 | $17.80 | $15.35 | $28.17 | $17.27 |
| YoY % | +25.7% | -21.1% | +49.0% | +75.5% | -17.9% | -29.3% | +36.9% | +122.2% | -13.8% | +83.5% | -38.7% | |
| EPS (Diluted) | $3.82 | $4.82 | $3.82 | $5.71 | $10.02 | $8.19 | $5.80 | $7.91 | $17.56 | $15.18 | $27.82 | $17.12 |
| YoY % | +26.2% | -20.7% | +49.5% | +75.5% | -18.3% | -29.2% | +36.4% | +122.0% | -13.6% | +83.3% | -38.5% | |
| Weighted Avg Shares (Basic) | 64.2M | 64.8M | 64.2M | 63.1M | 60.4M | 56.9M | 54.5M | 52.5M | 51.8M | 49.9M | 46.5M | 42.8M |
| YoY % | +1.1% | -1.0% | -1.8% | -4.2% | -5.8% | -4.2% | -3.7% | -1.3% | -3.7% | -6.8% | -8.0% | |
| Weighted Avg Shares (Diluted) | 65.3M | 65.8M | 64.9M | 63.6M | 60.8M | 57.5M | 55.0M | 53.2M | 52.5M | 50.4M | 47.1M | 43.2M |
| YoY % | +0.8% | -1.4% | -2.1% | -4.3% | -5.4% | -4.3% | -3.3% | -1.3% | -4.0% | -6.5% | -8.3% | |
| Dividends Declared per Share | — | — | — | — | — | — | — | — | $3 | $3 | $4 | $4 |
| YoY % | +24.0% | +15.6% | +13.5% |
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.
| reported |
| FY20222022-12-31 | $2.58 | — | reported |
| FY20212021-12-31 | $2.11 | +3.5% | derived (paid ÷ diluted shares) |
| FY20202020-12-31 | $2.04 | +14.2% | derived (paid ÷ diluted shares) |
| FY20192019-12-31 | $1.79 | +16.4% | derived (paid ÷ diluted shares) |
| FY20182018-12-31 | $1.54 | +6.1% | derived (paid ÷ diluted shares) |
| FY20172017-12-31 | $1.45 | +11.3% | derived (paid ÷ diluted shares) |
| FY20162016-12-31 | $1.30 | +18.5% | derived (paid ÷ diluted shares) |
| Ex-date | Amount | Pay date | Freq | Source |
|---|---|---|---|---|
| 2026-05-18 | $1.10 | 2026-06-01 | quarterly | licensed |
| 2026-02-17 | $1.10 | 2026-03-02 | quarterly | licensed |
| 2025-11-14 | $1.10 | — | quarterly | licensed |
| 2025-08-19 | $1.10 | 2025-09-02 | quarterly | licensed |
| 2025-05-19 | $1.00 | 2025-06-02 | quarterly | licensed |
| 2025-02-18 | $1.00 | — | quarterly | licensed |
| 2024-11-15 | $1.00 | — | quarterly | licensed |
| 2024-08-20 | $1.00 | — | quarterly | licensed |
