| Market Cap | $39.03B | |
| Enterprise Value | $37.70B | |
| Revenue | $15.17B | +7.6% |
| Gross Profit | $13.01B | — |
| EBITDA | $3.09B | +27.9% |
| Net Income | $1.49B | +4.9% |
| Diluted EPS | $9.81 | +9.6% |
| Free Cash Flow | $4.10B | +33.5% |
| DPS (FY2025) | $1.60 |
| Trailing yield | 0.54% |
| Payout ratio | 15.5% |
| Growth streak | 0 yrs |
| 5y DPS growth | 36.3% |
| Fiscal year | DPS | YoY | Basis |
|---|---|---|---|
| FY20252025-12-31 | $1.60 | — | reported |
| FY20242024-12-31 | $0.00 | — | derived (paid ÷ diluted shares) |
| FY20232023-12-31 | $0.00 | — | derived (paid ÷ diluted shares) |
| Ratio | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Trend · 12y | vs own | vs sector |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ▾Margins | |||||||||||||||
| Gross Margin | 79.54% | 80.37% | 81.80% | 82.53% | 82.49% | 82.08% | — | — | — | — | — | — | — | — | |
| Operating Margin | 8.98% | 6.20% | 5.27% | 6.21% | 6.36% | 7.48% | −52.30% | 2.16% | 9.30% | 8.05% | 9.63% | 12.70% | 96% | 75% | |
| EBITDA Margin | 14.93% | 13.59% | 14.32% | 15.05% | 14.91% | 15.02% | −35.12% | 11.63% | 16.09% | 14.33% | 15.75% | 18.72% | 96% | 75% | |
| NOPAT Margin | 7.21% | 4.84% | 4.96% | 5.54% | 5.22% | 5.52% | −41.32% | 1.71% | 5.93% | 5.44% | 7.65% | 10.38% | 96% | 74% | |
| Net Margin | 6.91% | 11.46% | 3.21% | 3.76% | 3.62% | 4.68% | −50.24% | 0.14% | 3.02% | 6.21% | 9.01% | 8.78% | 79% | 74% | |
| FCF Margin | 18.02% | 8.71% | 9.12% | 11.28% | 9.77% | 13.32% | −89.07% | 35.76% | 23.81% | 14.36% | 17.01% | 21.11% | 79% | 92% | |
| FCFF Margin | — | — | — | — | — | — | — | — | 25.32% | 15.65% | 18.44% | 22.77% | 63% | 87% | |
| FCFE Margin | 26.57% | 30.32% | 9.12% | 21.12% | 5.32% | 23.52% | −27.62% | 38.76% | 5.46% | 14.36% | 17.01% | 14.02% | 38% | 77% | |
| OCF Margin | 23.72% | 20.50% | 17.66% | 18.34% | 17.60% | 22.93% | −73.74% | 43.59% | 29.48% | 20.95% | 22.53% | 26.34% | 79% | 89% | |
| Gross Profitability | 50.82% | 34.63% | 45.49% | 44.84% | 51.34% | 46.25% | — | — | — | — | — | — | — | — | |
| Capex Intensity | 5.70% | 11.80% | 8.54% | 7.06% | 7.82% | 9.61% | 15.33% | 7.83% | 5.67% | 6.59% | 5.52% | 5.23% | 4% | 75% | |
| ▸Returns on Capital · 6 ratios | |||||||||||||||
| ▸DuPont factors (ROE drivers) · 4 ratios | |||||||||||||||
| ▸Earnings quality · 7 ratios | |||||||||||||||
| ▸Liquidity & coverage · 8 ratios | |||||||||||||||
| ▸Leverage · 6 ratios | |||||||||||||||
| ▸Working capital · 3 ratios | |||||||||||||||
| ▸Capital allocation · 5 ratios | |||||||||||||||
| ▸Per share · 6 ratios | |||||||||||||||
The five drivers multiply to 105.2% vs reported ROE 91.1%. 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 | $5.76B | $6.67B | $8.77B | $10.06B | $11.22B | $12.07B | $5.20B | $8.60B | $11.67B | $12.84B | $13.69B | $14.73B |
| YoY % | +15.8% | +31.5% | +14.7% | +11.6% | +7.5% | -56.9% | +65.4% | +35.7% | +10.0% | +6.6% | +7.6% | |
| Cost of Revenue | $1.18B | $1.31B | $1.60B | $1.76B | $1.97B | $2.16B | — | — | — | — | — | — |
| YoY % | +11.1% | +21.9% | +10.0% | +11.8% | +10.1% | |||||||
| Selling & Marketing Expense | $2.81B | $3.38B | $4.37B | $5.30B | $5.72B | $6.06B | $2.53B | $3.50B | $5.43B | $6.11B | $6.85B | $7.35B |
| YoY % | +20.4% | +29.2% | +21.3% | +8.0% | +5.9% | -58.3% | +38.5% | +55.1% | +12.5% | +12.1% | +7.3% | |
| SG&A Expense | $425.4M | $573.9M | $678.0M | $676.0M | $774.0M | $807.0M | $589.0M | $705.0M | $748.0M | $771.0M | $805.0M | $765.0M |
| YoY % | +34.9% | +18.1% | -0.3% | +14.5% | +4.3% | -27.0% | +19.7% | +6.1% | +3.1% | +4.4% | -5.0% | |
| Operating Income | $517.8M | $413.6M | $462.0M | $625.0M | $714.0M | $903.0M | -$2.72B | $186.0M | $1.08B | $1.03B | $1.32B | $1.87B |
| YoY % | -20.1% | +11.7% | +35.3% | +14.2% | +26.5% | +483.3% | -4.8% | +27.7% | +41.8% | |||
| Interest Expense | — | — | — | — | — | — | — | — | $277.0M | $245.0M | $246.0M | $299.0M |
| YoY % | -11.6% | +0.4% | +21.5% | |||||||||
| Interest & Investment Income | $27.3M | $16.7M | $20.0M | $34.0M | $71.0M | $59.0M | $18.0M | $9.0M | $60.0M | $207.0M | $235.0M | $255.0M |
| YoY % | -38.8% | +19.8% | +70.0% | +108.8% | -16.9% | -69.5% | -50.0% | +566.7% | +245.0% | +13.5% | +8.5% | |
| Other Non-Operating Income | $17.7M | $113.1M | -$32.0M | -$60.0M | -$110.0M | -$14.0M | -$77.0M | -$58.0M | -$379.0M | $23.0M | $234.0M | -$236.0M |
| YoY % | +539.7% | +917.4% | ||||||||||
| Equity Method Income | $2.7M | -$13,000 | -$1.5M | $232,000 | — | — | — | — | — | — | — | — |
| Pretax Income | $464.6M | $926.0M | $277.0M | $417.0M | $485.0M | $775.0M | -$3.15B | -$38.0M | $538.0M | $1.02B | $1.54B | $1.59B |
| YoY % | +99.3% | -70.1% | +50.5% | +16.3% | +59.8% | +89.2% | +51.5% | +3.2% | ||||
| Income Tax | $91.7M | $203.2M | $16.0M | $45.0M | $87.0M | $203.0M | -$423.0M | -$53.0M | $195.0M | $330.0M | $318.0M | $290.0M |
| YoY % | +121.6% | -92.1% | +181.3% | +93.3% | +133.3% | +69.2% | -3.6% | -8.8% | ||||
| Income from Continuing Operations | $398.1M | — | — | — | — | — | — | — | — | — | — | — |
| Net Income (incl. NCI) | $372.9M | $722.7M | $261.0M | $372.0M | $398.0M | $572.0M | -$2.73B | $15.0M | $343.0M | $688.0M | $1.22B | $1.30B |
| YoY % | +93.8% | -63.9% | +42.5% | +7.0% | +43.7% | +2186.7% | +100.6% | +77.9% | +6.3% | |||
| Minority Interest (P&L) | -$25.1M | -$41.7M | -$21.0M | -$6.0M | -$8.0M | $7.0M | -$116.0M | $3.0M | -$9.0M | -$109.0M | -$10.0M | $7.0M |
| Net Income | $398.1M | $764.5M | $282.0M | $378.0M | $406.0M | $565.0M | -$2.61B | $12.0M | $352.0M | $797.0M | $1.23B | $1.29B |
| YoY % | +92.0% | -63.1% | +34.0% | +7.4% | +39.2% | +2833.3% | +126.4% | +54.8% | +4.9% | |||
| Net Income to Common | — | — | — | — | $406.0M | $565.0M | -$2.69B | -$269.0M | $352.0M | $797.0M | — | — |
| YoY % | +39.2% | +126.4% | ||||||||||
| Preferred Dividends | — | — | — | — | $0 | $0 | $75.0M | $67.0M | $0 | $0 | — | — |
| YoY % | -10.7% | -100.0% | ||||||||||
| EPS (Basic) | $3.09 | $5.87 | $1.87 | $2.49 | $2.71 | $3.84 | -$19.00 | -$1.80 | $2.24 | $5.50 | $9.39 | $10.32 |
| YoY % | +90.0% | -68.1% | +33.2% | +8.8% | +41.7% | +145.5% | +70.7% | +9.9% | ||||
| EPS (Diluted) | $2.99 | $5.70 | $1.82 | $2.42 | $2.65 | $3.77 | -$19.00 | -$1.80 | $2.17 | $5.31 | $8.95 | $9.81 |
| YoY % | +90.6% | -68.1% | +33.0% | +9.5% | +42.3% | +144.7% | +68.5% | +9.6% | ||||
| Weighted Avg Shares (Basic) | 128.9M | 130.2M | 150.4M | 151.6M | 150.0M | 147.2M | 141.4M | 149.7M | 156.7M | 145.0M | 131.4M | 125.4M |
| YoY % | +1.0% | +15.5% | +0.8% | -1.1% | -1.8% | -3.9% | +5.9% | +4.6% | -7.5% | -9.3% | -4.6% | |
| Weighted Avg Shares (Diluted) | 133.2M | 134.0M | 154.5M | 156.4M | 152.9M | 149.9M | 141.4M | 149.7M | 161.8M | 150.2M | 137.9M | 131.9M |
| YoY % | +0.6% | +15.3% | +1.2% | -2.2% | -2.0% | -5.7% | +5.9% | +8.0% | -7.1% | -8.2% | -4.3% | |
| Dividends Declared per Share | $1 | $1 | $1 | $1 | $1 | $1 | $0 | — | — | — | — | $2 |
| YoY % | +27.3% | +19.0% | +16.0% | +6.9% | +6.5% | -74.2% |
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.
| FY20202020-12-31 | $0.34 | −74.2% | reported |
| FY20192019-12-31 | $1.32 | +6.5% | reported |
| FY20182018-12-31 | $1.24 | +6.9% | reported |
| FY20172017-12-31 | $1.16 | +16.0% | reported |
| FY20162016-12-31 | $1.00 | +19.0% | reported |
| FY20152015-12-31 | $0.84 | +27.3% | reported |
| FY20142014-12-31 | $0.66 | — | reported |
| Ex-date | Amount | Pay date | Freq | Source |
|---|---|---|---|---|
| 2026-05-28 | $0.4800 | — | quarterly | licensed |
| 2026-03-05 | $0.4800 | 2026-03-26 | quarterly | licensed |
| 2025-11-19 | $0.4000 | 2025-12-11 | quarterly | licensed |
| 2025-08-28 | $0.4000 | 2025-09-18 | quarterly | licensed |
| 2025-05-29 | $0.4000 | 2025-06-18 | quarterly | licensed |
| 2025-03-06 | $0.4000 | — | quarterly | licensed |
| 2020-03-09 | $0.3400 | — | quarterly | licensed |
| 2019-11-18 | $0.3400 | — | quarterly | licensed |
