| Market Cap | $62.11B | |
| Enterprise Value | $110.60B | |
| Revenue | $17.45B | +14.2% |
| Gross Profit | — | — |
| EBITDA | $7.02B | +21.6% |
| Net Income | $2.95B | +47.4% |
| Diluted EPS | $3.38 | +48.1% |
| Free Cash Flow | — | — |
| DPS (FY2025) | $2.67 |
| Trailing yield | 3.78% |
| Payout ratio | 76.0% |
| Growth streak | 0 yrs |
| 5y DPS growth | −5.0% |
| Fiscal year | DPS | YoY | Basis |
|---|---|---|---|
| FY20252025-12-31 | $2.67 | +0.0% | reported |
| FY20242024-12-31 | $2.67 | +0.0% | reported |
| FY20232023-12-31 | $2.67 | +0.0% |
| Ratio | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Trend · 12y | vs own | vs sector |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ▾Margins | |||||||||||||||
| Operating Margin | 21.88% | 30.27% | 29.38% | 31.28% | 26.90% | 10.72% | 14.50% | 17.48% | 10.38% | 23.72% | 22.46% | 26.74% | 63% | 71% | |
| EBITDA Margin | 32.27% | 42.21% | 42.66% | 46.42% | 41.73% | 26.57% | 30.96% | 36.02% | 27.90% | 41.65% | 38.67% | 41.20% | 54% | 61% | |
| NOPAT Margin | — | — | — | — | 21.54% | 8.14% | 13.65% | 17.48% | 8.51% | 18.13% | 18.25% | 22.80% | 94% | 70% | |
| Net Margin | 10.53% | 16.25% | 18.09% | 23.83% | 21.85% | 9.43% | −2.83% | 29.77% | 8.54% | 13.63% | 14.07% | 18.16% | 71% | 72% | |
| FCF Margin | −15.33% | −9.42% | −16.48% | −7.96% | 4.63% | 1.56% | — | — | — | — | — | — | — | — | |
| FCFF Margin | — | — | — | — | 13.78% | 9.39% | — | — | — | — | — | — | — | — | |
| FCFE Margin | 8.31% | 14.59% | 30.02% | 11.51% | −15.76% | −31.37% | — | — | — | — | — | — | — | — | |
| OCF Margin | 27.65% | 38.30% | 35.37% | 35.77% | 42.62% | 36.14% | 36.88% | 35.35% | 26.55% | 45.66% | 34.71% | 32.48% | 21% | 63% | |
| Capex Intensity | 42.98% | 47.72% | 51.84% | 43.73% | 37.99% | 34.58% | — | — | — | — | — | — | — | — | |
| ▸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 · 4 ratios | |||||||||||||||
| ▸Per share · 6 ratios | |||||||||||||||
The five drivers multiply to 10.9% vs reported ROE 10.7%. 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 | $12.44B | $11.68B | $11.74B | $12.59B | $11.20B | $14.40B | $14.17B | $11.42B | $13.94B | $14.39B | $14.46B | $16.51B |
| YoY % | -6.1% | +0.5% | +7.2% | -11.0% | +28.6% | -1.6% | -19.4% | +22.1% | +3.3% | +0.5% | +14.2% | |
| Total Operating Expenses | $9.71B | $8.15B | $8.29B | $8.65B | $8.19B | $12.86B | $12.12B | $9.42B | $12.49B | $10.98B | $11.21B | $12.09B |
| YoY % | -16.1% | +1.7% | +4.3% | -5.4% | +57.1% | -5.8% | -22.2% | +32.6% | -12.1% | +2.1% | +7.8% | |
| Operating Income | $2.72B | $3.54B | $3.45B | $3.94B | $3.01B | $1.54B | $2.06B | $2.00B | $1.45B | $3.41B | $3.25B | $4.41B |
| YoY % | +30.0% | -2.5% | +14.2% | -23.5% | -48.8% | +33.1% | -2.9% | -27.5% | +135.9% | -4.9% | +35.9% | |
| Interest Expense | $1.19B | $904.0M | $1.01B | $1.21B | $1.28B | $1.49B | $1.38B | $1.25B | $1.00B | $1.68B | $1.89B | $2.02B |
| YoY % | -24.2% | +11.7% | +19.3% | +6.1% | +16.2% | -7.3% | -8.9% | -20.2% | +67.6% | +12.7% | +6.8% | |
| Interest & Investment Income | $68.0M | $58.0M | $66.0M | $82.0M | $80.0M | $97.0M | $107.0M | $95.0M | $109.0M | $119.0M | $144.0M | $139.0M |
| YoY % | -14.7% | +13.8% | +24.2% | -2.4% | +21.2% | +10.3% | -11.2% | +14.7% | +9.2% | +21.0% | -3.5% | |
| Other Non-Operating Income | $250.0M | $196.0M | $429.0M | $358.0M | $885.0M | $803.0M | $693.0M | $1.14B | -$117.0M | $996.0M | $841.0M | $1.22B |
| YoY % | -21.6% | +118.9% | -16.6% | +147.2% | -9.3% | -13.7% | +64.4% | -15.6% | +44.9% | |||
| Equity Method Income | $46.0M | $56.0M | $111.0M | -$18.0M | $76.0M | $8.0M | $40.0M | $15.0M | $21.0M | -$26.0M | $3.0M | -$6.0M |
| YoY % | +21.7% | +98.2% | -89.5% | +400.0% | -62.5% | +40.0% | ||||||
| Gains on Sale of Real Estate | — | — | — | — | — | — | $61.0M | -$415.0M | -$412.0M | $27.0M | $1.0M | — |
| YoY % | -96.3% | |||||||||||
| Impairment of Real Estate | — | — | — | — | — | — | $2.10B | $194.0M | $1.40B | $307.0M | $600.0M | $517.0M |
| YoY % | -90.8% | +622.2% | -78.1% | +95.4% | -13.8% | |||||||
| Pretax Income | — | — | — | — | $2.62B | $869.0M | $1.41B | $1.88B | $328.0M | $2.73B | $2.19B | $3.61B |
| YoY % | -66.8% | +62.4% | +33.2% | -82.6% | +732.6% | -19.6% | +64.5% | |||||
| Income Tax | $452.0M | $905.0M | $655.0M | -$30.0M | $522.0M | $209.0M | $83.0M | -$181.0M | $59.0M | $644.0M | $411.0M | $532.0M |
| YoY % | +100.2% | -27.6% | -60.0% | -60.3% | +991.5% | -36.2% | +29.4% | |||||
| Income from Continuing Operations | $1.31B | $1.90B | — | — | $2.09B | $653.0M | $1.58B | $2.04B | $269.0M | $2.09B | $1.84B | $3.01B |
| YoY % | +45.0% | -68.7% | +142.4% | +28.9% | -86.8% | +675.8% | -12.0% | +64.0% | ||||
| Income from Discontinued Operations | $0 | $0 | — | — | $452.0M | $716.0M | -$1.88B | $1.36B | $922.0M | -$125.0M | $197.0M | -$14.0M |
| YoY % | +58.4% | -32.1% | ||||||||||
| Net Income (incl. NCI) | $1.33B | $1.92B | $2.21B | $3.12B | $2.55B | $1.38B | -$550.0M | $3.42B | $1.19B | $1.96B | $1.98B | $3.06B |
| YoY % | +45.0% | +15.0% | +41.0% | -18.3% | -46.0% | -65.2% | +64.7% | +1.0% | +54.7% | |||
| Minority Interest (P&L) | $16.0M | $24.0M | $89.0M | $121.0M | $102.0M | $18.0M | -$149.0M | $20.0M | $0 | $0 | -$53.0M | $67.0M |
| YoY % | +50.0% | +270.8% | +36.0% | -15.7% | -82.4% | -100.0% | ||||||
| Net Income | $1.31B | $1.90B | $2.12B | $3.00B | $2.45B | $1.36B | -$401.0M | $3.40B | $1.19B | $1.96B | $2.03B | $3.00B |
| YoY % | +45.0% | +11.8% | +41.3% | -18.4% | -44.5% | -65.0% | +64.7% | +3.7% | +47.4% | |||
| Net Income to Common | $1.33B | $1.92B | $2.21B | $3.00B | $2.09B | $636.0M | $1.52B | $1.97B | $176.0M | $2.01B | $1.76B | $2.97B |
| YoY % | +45.0% | +15.0% | +35.6% | -30.4% | -69.5% | +138.7% | +30.0% | -91.1% | +1039.8% | -12.3% | +68.7% | |
| EPS (Basic) | $2.25 | $3.21 | $3.44 | $4.72 | $3.74 | $1.66 | -$0.56 | $4.12 | $1.33 | $2.25 | $2.33 | $3.46 |
| YoY % | +42.7% | +7.2% | +37.2% | -20.8% | -55.6% | -67.7% | +69.2% | +3.6% | +48.5% | |||
| EPS (Diluted) | $2.24 | $3.20 | $3.44 | $4.72 | $3.74 | $1.62 | -$0.57 | $4.12 | $1.33 | $2.25 | $2.33 | $3.45 |
| YoY % | +42.9% | +7.5% | +37.2% | -20.8% | -56.7% | -67.7% | +69.2% | +3.6% | +48.1% | |||
| Weighted Avg Shares (Basic) | 582.7M | 592.4M | 616.4M | 636.0M | 654.2M | 808.8M | 831.0M | 807.8M | 823.9M | 836.4M | 839.2M | 854.1M |
| YoY % | +1.7% | +4.1% | +3.2% | +2.9% | +23.6% | +2.7% | -2.8% | +2.0% | +1.5% | +0.3% | +1.8% | |
| Weighted Avg Shares (Diluted) | 584.5M | 593.7M | 617.1M | 636.0M | 654.9M | 808.9M | 831.0M | 808.5M | 824.8M | 836.5M | 839.4M | 855.3M |
| YoY % | +1.6% | +3.9% | +3.1% | +3.0% | +23.5% | +2.7% | -2.7% | +2.0% | +1.4% | +0.3% | +1.9% | |
| Dividends Declared per Share | — | — | $3 | $3 | $3 | $4 | $3 | $3 | $3 | $3 | $3 | $3 |
| YoY % | +8.4% | +10.0% | +9.9% | -6.0% | -27.0% | +6.0% | 0.0% | 0.0% | 0.0% |
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 | $2.67 | +6.0% | reported |
| FY20212021-12-31 | $2.52 | −27.0% | reported |
| FY20202020-12-31 | $3.45 | −6.0% | reported |
| FY20192019-12-31 | $3.67 | +9.9% | reported |
| FY20182018-12-31 | $3.34 | +10.0% | reported |
| FY20172017-12-31 | $3.04 | +8.4% | reported |
| FY20162016-12-31 | $2.80 | — | reported |
| Ex-date | Amount | Pay date | Freq | Source |
|---|---|---|---|---|
| 2026-05-29 | $0.6675 | — | quarterly | licensed |
| 2026-02-27 | $0.6675 | — | quarterly | licensed |
| 2025-12-05 | $0.6675 | 2025-12-20 | quarterly | licensed |
| 2025-09-05 | $0.6675 | — | quarterly | licensed |
| 2025-05-29 | $0.6675 | 2025-06-20 | quarterly | licensed |
| 2025-02-28 | $0.6675 | — | quarterly | licensed |
| 2024-11-29 | $0.6675 | — | quarterly | licensed |
| 2024-08-30 | $0.6675 | — | quarterly | licensed |
