| Market Cap | $51.19B | |
| Enterprise Value | $56.07B | |
| Revenue | $11.60B | +7.9% |
| Gross Profit | $8.33B | +7.1% |
| EBITDA | $2.73B | +0.4% |
| Net Income | $2.04B | +2.8% |
| Diluted EPS | $4.34 | +10.2% |
| Free Cash Flow | $1.47B | −26.7% |
| DPS (FY2025) | $1.13derived |
| Trailing yield | 0.98% |
| Payout ratio | 26.1% |
| Growth streak | 6 yrs |
| 5y DPS growth | 12.8% |
| Fiscal year | DPS | YoY | Basis |
|---|---|---|---|
| FY20252025-12-31 | $1.13 | +6.6% | derived (paid ÷ diluted shares) |
| FY20242024-12-31 | $1.06 | +7.4% | derived (paid ÷ diluted shares) |
| FY20232023-12-31 | $0.99 |
| Ratio | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Trend · 12y | vs own | vs sector |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ▾Margins | |||||||||||||||
| Gross Margin | 90.71% | 79.39% | 77.68% | 76.78% | 76.61% | 78.66% | 79.80% | 74.57% | 72.64% | 71.98% | 71.99% | 71.45% | 4% | 93% | |
| Operating Margin | 13.83% | 25.57% | 25.89% | 23.66% | 20.25% | 23.83% | 29.64% | 28.05% | 23.99% | 19.20% | 22.54% | 20.51% | 29% | 90% | |
| EBITDA Margin | 17.64% | 33.57% | 33.49% | 30.73% | 27.60% | 31.90% | 36.19% | 32.87% | 28.50% | 23.56% | 26.14% | 24.31% | 21% | 85% | |
| NOPAT Margin | 0.00% | 20.69% | 25.89% | 0.00% | 19.16% | 20.67% | 22.04% | 17.76% | 18.95% | 14.37% | 19.60% | 17.75% | 29% | 91% | |
| Net Margin | 0.26% | 20.08% | 80.92% | −10.63% | 29.25% | 24.04% | 63.72% | 130.60% | −12.96% | 27.36% | 19.21% | 18.30% | 29% | 91% | |
| FCF Margin | 28.24% | 39.16% | 24.50% | 25.92% | 23.53% | 35.08% | 21.99% | 21.24% | 18.43% | 19.48% | 19.02% | 12.92% | 4% | 78% | |
| FCFF Margin | — | — | — | — | — | — | — | — | — | 21.43% | 21.21% | 14.84% | 17% | 71% | |
| FCFE Margin | 47.69% | 39.16% | 49.18% | 51.89% | 23.53% | 35.08% | 41.84% | 45.02% | 30.10% | 19.48% | 19.02% | — | — | — | |
| OCF Margin | 31.71% | 46.94% | 31.47% | 32.88% | 30.73% | 41.92% | 27.20% | 25.50% | 23.01% | 23.99% | 23.48% | 17.65% | 4% | 78% | |
| Gross Profitability | 15.79% | 38.42% | 30.59% | 29.65% | 29.04% | 32.16% | 36.75% | 29.18% | 34.12% | 33.67% | 38.23% | 45.04% | 96% | 86% | |
| Capex Intensity | 3.47% | 7.77% | 6.97% | 6.96% | 7.20% | 6.84% | 5.21% | 4.26% | 4.58% | 4.51% | 4.45% | 4.73% | 46% | 72% | |
| ▸Returns on Capital · 6 ratios | |||||||||||||||
| ▸DuPont factors (ROE drivers) · 4 ratios | |||||||||||||||
| ▸Earnings quality · 7 ratios | |||||||||||||||
| ▸Liquidity & coverage · 8 ratios | |||||||||||||||
| ▸Leverage · 9 ratios | |||||||||||||||
| ▸Working capital · 5 ratios | |||||||||||||||
| ▸Capital allocation · 5 ratios | |||||||||||||||
| ▸Per share · 6 ratios | |||||||||||||||
| ▸Other · 1 ratios | |||||||||||||||
The five drivers multiply to 41.9% vs reported ROE 41.6%. 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 | $17.90B | $8.59B | $8.98B | $9.57B | $8.65B | $7.43B | $8.89B | $10.42B | $9.79B | $10.11B | $10.28B | $11.10B |
| YoY % | -52.0% | +4.5% | +6.5% | -9.6% | -14.1% | +19.7% | +17.2% | -6.0% | +3.2% | +1.7% | +7.9% | |
| Cost of Revenue | $1.66B | $1.77B | $2.00B | $2.22B | $2.02B | $1.58B | $1.80B | $2.65B | $2.68B | $2.83B | $2.88B | $3.17B |
| YoY % | +6.5% | +13.2% | +10.8% | -8.9% | -21.7% | +13.4% | +47.5% | +1.1% | +5.7% | +1.7% | +10.0% | |
| Gross Profit | $7.13B | $6.82B | $7.29B | $7.71B | $6.63B | $5.84B | $7.10B | $7.77B | $7.12B | $7.28B | $7.40B | $7.93B |
| YoY % | -4.3% | +6.9% | +5.6% | -14.0% | -11.8% | +21.4% | +9.5% | -8.4% | +2.3% | +1.7% | +7.1% | |
| R&D Expense | $983.0M | $923.0M | $1.11B | $1.22B | $1.05B | $930.0M | $1.03B | $1.32B | $1.33B | $1.54B | $1.48B | $1.64B |
| YoY % | -6.1% | +20.7% | +9.9% | -14.1% | -11.5% | +10.5% | +28.9% | +0.4% | +16.1% | -4.2% | +11.0% | |
| Selling & Marketing Expense | $2.44B | $2.27B | $2.69B | $2.88B | $2.58B | $1.87B | $2.09B | $2.17B | $2.14B | $2.22B | $2.32B | $2.39B |
| YoY % | -7.2% | +18.7% | +6.9% | -10.5% | -27.6% | +12.1% | +3.8% | -1.6% | +3.8% | +4.6% | +3.2% | |
| SG&A Expense | $889.0M | $1.12B | $899.0M | $1.03B | $979.0M | $988.0M | $985.0M | $921.0M | $963.0M | $1.20B | $914.0M | $1.20B |
| YoY % | +26.2% | -19.9% | +14.6% | -5.0% | +0.9% | -0.3% | -6.5% | +4.6% | +24.2% | -23.6% | +31.1% | |
| Total Operating Expenses | $4.65B | $4.62B | $4.97B | $5.44B | $4.88B | $4.07B | $4.46B | $4.85B | $4.76B | $5.34B | $5.08B | $5.65B |
| YoY % | -0.6% | +7.5% | +9.5% | -10.4% | -16.4% | +9.5% | +8.7% | -1.7% | +12.0% | -4.7% | +11.2% | |
| Operating Income | $2.48B | $2.20B | $2.33B | $2.26B | $1.75B | $1.77B | $2.64B | $2.92B | $2.35B | $1.94B | $2.32B | $2.28B |
| YoY % | -11.3% | +5.8% | -2.6% | -22.6% | +1.0% | +48.9% | +10.9% | -19.6% | -17.4% | +19.4% | -1.8% | |
| Interest Expense | — | — | — | — | — | — | — | — | $235.0M | $263.0M | $259.0M | $246.0M |
| YoY % | +11.9% | -1.5% | -5.0% | |||||||||
| Interest & Investment Income | $125.0M | $97.0M | $125.0M | $177.0M | $176.0M | $112.0M | $38.0M | $19.0M | $73.0M | $204.0M | $272.0M | $265.0M |
| YoY % | -22.4% | +28.9% | +41.6% | -0.6% | -36.4% | -66.1% | -50.0% | +284.2% | +179.5% | +33.3% | -2.6% | |
| Other Non-Operating Income | -$10.0M | -$12.0M | $83.0M | $11.0M | -$16.0M | -$1.0M | -$32.0M | — | — | — | — | — |
| YoY % | -86.7% | |||||||||||
| Impairment of Real Estate | — | — | — | — | — | — | $0 | — | $0 | $0 | $0 | $0 |
| Pretax Income | $2.52B | $2.41B | $3.65B | $2.27B | $2.25B | $1.65B | $3.35B | $398.0M | -$1.60B | $3.71B | $2.28B | $2.31B |
| YoY % | -4.3% | +51.7% | -37.7% | -1.1% | -26.5% | +102.5% | -88.1% | -38.5% | +1.3% | |||
| Income Tax | $3.38B | $459.0M | -$3.63B | $3.29B | $121.0M | $219.0M | $858.0M | $146.0M | -$327.0M | $932.0M | $297.0M | $311.0M |
| YoY % | -86.4% | -96.3% | +81.0% | +291.8% | -83.0% | -68.1% | +4.7% | |||||
| Income from Continuing Operations | -$865.0M | $1.95B | $7.29B | -$1.01B | $2.13B | $1.43B | $2.49B | $252.0M | -$1.27B | $2.77B | $1.98B | $2.00B |
| YoY % | +274.2% | -32.7% | +73.6% | -89.9% | -28.6% | +0.8% | ||||||
| Income from Discontinued Operations | — | — | — | — | $402.0M | $353.0M | $3.18B | $13.36B | $5.0M | -$8.0M | — | — |
| YoY % | -12.2% | +800.8% | +320.0% | -100.0% | ||||||||
| Net Income | $46.0M | $1.73B | $7.27B | -$1.02B | $2.53B | $1.79B | $5.67B | $13.61B | -$1.27B | $2.77B | $1.98B | $2.03B |
| YoY % | +3650.0% | +321.2% | -29.4% | +217.3% | +140.1% | -28.6% | +2.8% | |||||
| EPS (Basic) | $0.04 | $1.43 | $6.41 | -$0.95 | $2.58 | $2.10 | $7.98 | $20.87 | -$2.27 | $5.22 | $3.99 | $4.43 |
| YoY % | +3475.0% | +348.3% | -18.6% | +280.0% | +161.5% | -23.6% | +11.0% | |||||
| EPS (Diluted) | $0.04 | $1.42 | $6.35 | -$0.95 | $2.55 | $2.09 | $7.89 | $20.54 | -$2.27 | $5.19 | $3.94 | $4.34 |
| YoY % | +3450.0% | +347.2% | -18.0% | +277.5% | +160.3% | -24.1% | +10.2% | |||||
| Weighted Avg Shares (Basic) | 1.25B | 1.21B | 1.13B | 1.06B | 980.0M | 849.0M | 710.0M | 652.0M | 558.0M | 530.0M | 496.0M | 459.0M |
| YoY % | -3.4% | -6.2% | -6.1% | -7.9% | -13.4% | -16.4% | -8.2% | -14.4% | -5.0% | -6.4% | -7.5% | |
| Weighted Avg Shares (Diluted) | 1.25B | 1.22B | 1.14B | 1.06B | 991.0M | 856.0M | 718.0M | 663.0M | 558.0M | 533.0M | 501.0M | 468.0M |
| YoY % | -2.5% | -6.2% | -7.0% | -6.9% | -13.6% | -16.1% | -7.7% | -15.8% | -4.5% | -6.0% | -6.6% |
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.
| +13.0% |
| derived (paid ÷ diluted shares) |
| FY20222022-12-31 | $0.88 | +24.7% | derived (paid ÷ diluted shares) |
| FY20212021-12-31 | $0.70 | +12.9% | derived (paid ÷ diluted shares) |
| FY20202020-12-31 | $0.62 | +12.7% | derived (paid ÷ diluted shares) |
| FY20192019-12-31 | $0.55 | — | derived (paid ÷ diluted shares) |
| FY20182018-12-31 | $0.00 | — | derived (paid ÷ diluted shares) |
| FY20172017-12-31 | $0.00 | — | derived (paid ÷ diluted shares) |
| Ex-date | Amount | Pay date | Freq | Source |
|---|---|---|---|---|
| 2026-05-29 | $0.3100 | 2026-06-12 | quarterly | licensed |
| 2026-03-06 | $0.3100 | 2026-03-20 | quarterly | licensed |
| 2025-11-28 | $0.2900 | 2025-12-12 | quarterly | licensed |
| 2025-08-29 | $0.2900 | — | quarterly | licensed |
| 2025-05-30 | $0.2900 | 2025-06-13 | quarterly | licensed |
| 2025-03-14 | $0.2900 | — | quarterly | licensed |
| 2024-11-29 | $0.2700 | — | quarterly | licensed |
| 2024-08-30 | $0.2700 | — | quarterly | licensed |
