| Market Cap | $93.99B | |
| Enterprise Value | $112.48B | |
| Revenue | $14.51B | −3.1% |
| Gross Profit | — | — |
| EBITDA | $6.61B | −10.2% |
| Net Income | $3.22B | −16.7% |
| Diluted EPS | $1.54 | −14.0% |
| Free Cash Flow | $2.80B | −37.0% |
| DPS (FY2025) | $0.52 |
| Trailing yield | 1.02% |
| Payout ratio | 33.6% |
| Growth streak | 2 yrs |
| 5y DPS growth | — |
| Fiscal year | DPS | YoY | Basis |
|---|---|---|---|
| FY20252025-12-31 | $0.52 | +8.3% | reported |
| FY20242024-12-31 | $0.48 | +9.1% | reported |
| FY20232023-12-31 | $0.44 | — | reported |
| FY20222022-12-31 | $0.40 | +7.0% |
| Ratio | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Trend · 12y | vs own | vs sector |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ▾Margins | |||||||||||||||
| Operating Margin | 28.52% | 30.34% | 30.83% | 32.61% | 39.75% | 41.59% | 41.22% | 44.67% | 40.09% | 37.52% | 36.07% | 32.08% | 29% | 77% | |
| EBITDA Margin | 37.60% | 40.57% | 42.59% | 44.14% | 50.61% | 52.89% | 54.29% | 56.01% | 50.20% | 48.48% | 47.48% | 44.00% | 29% | 72% | |
| NOPAT Margin | 18.05% | 19.03% | 19.28% | 32.61% | 30.56% | 32.10% | 31.42% | 34.12% | 30.85% | 28.50% | 27.48% | 24.59% | 29% | 72% | |
| Net Margin | 15.21% | 16.66% | 15.48% | 47.96% | 27.01% | 27.90% | 26.13% | 30.19% | 27.70% | 25.03% | 23.87% | 20.50% | 29% | 76% | |
| FCF Margin | 7.06% | 6.84% | 5.81% | 12.55% | 23.64% | 26.75% | 24.92% | 26.42% | 22.98% | 22.22% | 18.69% | 12.14% | 29% | 58% | |
| FCFF Margin | — | — | — | — | — | — | — | — | 26.82% | 26.41% | 23.05% | 16.73% | 13% | 56% | |
| FCFE Margin | 7.59% | 15.06% | 12.86% | 17.08% | 47.98% | 39.16% | 27.33% | 23.02% | 35.19% | 25.27% | 18.64% | 14.18% | 21% | 72% | |
| OCF Margin | 26.39% | 28.53% | 27.47% | 30.43% | 37.89% | 40.63% | 40.28% | 40.72% | 37.20% | 37.62% | 36.09% | 32.73% | 38% | 62% | |
| Capex Intensity | 19.33% | 21.69% | 21.66% | 17.88% | 14.24% | 13.88% | 15.36% | 14.30% | 14.23% | 15.40% | 17.39% | 20.59% | 79% | 68% | |
| ▸Returns on Capital · 6 ratios | |||||||||||||||
| ▸DuPont factors (ROE drivers) · 4 ratios | |||||||||||||||
| ▸Earnings quality · 7 ratios | |||||||||||||||
| ▸Liquidity & coverage · 8 ratios | |||||||||||||||
| ▸Leverage · 9 ratios | |||||||||||||||
| ▸Working capital · 3 ratios | |||||||||||||||
| ▸Capital allocation · 5 ratios | |||||||||||||||
| ▸Per share · 6 ratios | |||||||||||||||
The five drivers multiply to 22.2% vs reported ROE 22.5%. 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 | $12.67B | $11.81B | $11.07B | $11.41B | $12.25B | $11.94B | $10.58B | $12.52B | $14.85B | $14.66B | $14.54B | $14.09B |
| YoY % | -6.8% | -6.3% | +3.1% | +7.4% | -2.6% | -11.3% | +18.3% | +18.6% | -1.3% | -0.8% | -3.1% | |
| Total Operating Expenses | $9.06B | $8.23B | $7.66B | $7.69B | $7.38B | — | — | — | — | — | — | — |
| YoY % | -9.2% | -6.9% | +0.4% | -4.0% | ||||||||
| Operating Income | $3.61B | $3.58B | $3.41B | $3.72B | $4.87B | $4.96B | $4.36B | $5.59B | $5.95B | $5.50B | $5.25B | $4.52B |
| YoY % | -0.8% | -4.8% | +9.0% | +30.9% | +2.0% | -12.1% | +28.2% | +6.4% | -7.6% | -4.6% | -13.8% | |
| Interest Expense | — | — | — | — | — | — | — | — | $742.0M | $809.0M | $832.0M | $844.0M |
| YoY % | +9.0% | +2.8% | +1.4% | |||||||||
| Other Non-Operating Income | -$36.0M | $9.0M | $9.0M | $8.0M | $4.0M | $7.0M | $8.0M | $8.0M | $12.0M | $31.0M | $7.0M | $14.0M |
| YoY % | 0.0% | -11.1% | -50.0% | +75.0% | +14.3% | 0.0% | +50.0% | +158.3% | -77.4% | +100.0% | ||
| Equity Method Income | $0 | $40.0M | $50.0M | $219.0M | $96.0M | $91.0M | — | — | — | — | — | — |
| YoY % | +25.0% | +338.0% | -56.2% | -5.2% | ||||||||
| Gains on Sale of Real Estate | — | — | — | — | — | — | $35.0M | $454.0M | $238.0M | $34.0M | $11.0M | $17.0M |
| YoY % | +1197.1% | -47.6% | -85.7% | -67.6% | +54.5% | |||||||
| Impairment of Real Estate | — | — | — | — | — | — | $8.0M | $2.0M | $4.0M | $2.0M | $24.0M | $26.0M |
| YoY % | -75.0% | +100.0% | -50.0% | +1100.0% | +8.3% | |||||||
| Pretax Income | $3.04B | $3.14B | $2.74B | $3.14B | $4.30B | $4.32B | $3.63B | $4.95B | $5.34B | $4.83B | $4.55B | $3.77B |
| YoY % | +3.1% | -12.7% | +14.6% | +37.0% | +0.3% | -16.0% | +36.5% | +8.0% | -9.7% | -5.7% | -17.3% | |
| Income Tax | $1.12B | $1.17B | $1.03B | -$2.33B | $995.0M | $985.0M | $862.0M | $1.17B | $1.23B | $1.16B | $1.08B | $880.0M |
| YoY % | +4.7% | -12.2% | -1.0% | -12.5% | +35.7% | +5.2% | -5.7% | -6.5% | -18.9% | |||
| Net Income | $1.93B | $1.97B | $1.71B | $5.47B | $3.31B | $3.33B | $2.77B | $3.78B | $4.11B | $3.67B | $3.47B | $2.89B |
| YoY % | +2.1% | -12.9% | +219.2% | -39.5% | +0.7% | -17.0% | +36.7% | +8.8% | -10.8% | -5.4% | -16.7% | |
| EPS (Basic) | $1.93 | $2.00 | $1.81 | $6.01 | $3.86 | $1.39 | $1.20 | $1.68 | $1.93 | $1.83 | $1.79 | $1.54 |
| YoY % | +3.6% | -9.5% | +232.0% | -35.8% | -64.0% | -13.7% | +40.0% | +14.9% | -5.2% | -2.2% | -14.0% | |
| EPS (Diluted) | $1.92 | $2.00 | $1.81 | $5.99 | $3.84 | $1.39 | $1.20 | $1.68 | $1.92 | $1.82 | $1.79 | $1.54 |
| YoY % | +4.2% | -9.5% | +230.9% | -35.9% | -63.8% | -13.7% | +40.0% | +14.3% | -5.2% | -1.6% | -14.0% | |
| Weighted Avg Shares (Basic) | 1.00B | 983.0M | 947.0M | 911.0M | 857.0M | 2.39B | 2.30B | 2.25B | 2.14B | 2.01B | 1.94B | 1.87B |
| YoY % | -1.8% | -3.7% | -3.8% | -5.9% | +178.8% | -3.7% | -2.2% | -5.1% | -6.0% | -3.4% | -3.6% | |
| Weighted Avg Shares (Diluted) | 1.00B | 984.0M | 948.0M | 914.0M | 861.0M | 2.40B | 2.31B | 2.25B | 2.14B | 2.01B | 1.94B | 1.87B |
| YoY % | -1.8% | -3.7% | -3.6% | -5.8% | +178.2% | -3.8% | -2.2% | -5.1% | -6.0% | -3.5% | -3.6% | |
| Dividends Declared per Share | $1 | $1 | $1 | — | — | — | — | — | — | $0 | $0 | $1 |
| YoY % | +11.1% | +2.9% | +9.1% | +8.3% |
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.
| derived (paid ÷ diluted shares) |
| FY20212021-12-31 | $0.37 | +7.6% | derived (paid ÷ diluted shares) |
| FY20202020-12-31 | $0.35 | +8.5% | derived (paid ÷ diluted shares) |
| FY20192019-12-31 | $0.32 | — | derived (paid ÷ diluted shares) |
| Ex-date | Amount | Pay date | Freq | Source |
|---|---|---|---|---|
| 2026-05-29 | $0.1400 | — | quarterly | licensed |
| 2026-02-27 | $0.1400 | — | quarterly | licensed |
| 2025-11-28 | $0.1300 | 2025-12-15 | quarterly | licensed |
| 2025-08-29 | $0.1300 | — | quarterly | licensed |
| 2025-05-30 | $0.1300 | 2025-06-13 | quarterly | licensed |
| 2025-02-28 | $0.1300 | — | quarterly | licensed |
| 2024-11-29 | $0.1200 | — | quarterly | licensed |
| 2024-08-30 | $0.1200 | — | quarterly | licensed |
