| Market Cap | $28.42B | |
| Enterprise Value | $55.12B | |
| Revenue | $15.53B | +12.0% |
| Gross Profit | — | — |
| EBITDA | $3.95B | −2.2% |
| Net Income | $1.06B | +4.3% |
| Diluted EPS | $1.76 | +3.5% |
| Free Cash Flow | -$1.74B | — |
| DPS (FY2025) | $1.78 |
| Trailing yield | 3.62% |
| Payout ratio | 99.6% |
| Growth streak | 3 yrs |
| 5y DPS growth | 2.7% |
| Fiscal year | DPS | YoY | Basis |
|---|---|---|---|
| FY20252025-12-31 | $1.78 | +4.7% | reported |
| FY20242024-12-31 | $1.70 | +6.3% | reported |
| FY20232023-12-31 | $1.60 | +2.6% |
| Ratio | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Trend · 12y | vs own | vs sector |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ▾Margins | |||||||||||||||
| Operating Margin | 7.06% | 15.25% | 14.11% | 17.32% | 22.22% | 22.75% | 20.04% | 15.50% | 15.33% | 17.61% | 17.63% | 14.62% | 21% | 37% | |
| EBITDA Margin | 17.64% | 27.41% | 27.66% | 29.45% | 34.51% | 33.77% | 31.15% | 30.45% | 25.90% | 28.96% | 29.36% | 25.65% | 13% | 29% | |
| NOPAT Margin | 7.06% | 9.87% | 7.21% | 0.00% | 15.02% | 18.41% | 17.80% | 12.32% | 4.68% | 14.40% | 13.21% | 11.92% | 46% | 40% | |
| Net Margin | 1.99% | 3.85% | −42.42% | −12.30% | 11.97% | 8.26% | 10.00% | 11.53% | 3.26% | 8.56% | 7.26% | 6.76% | 46% | 36% | |
| FCF Margin | −3.98% | 5.03% | 3.76% | 8.71% | −11.23% | −1.79% | −11.44% | 2.91% | −1.32% | −15.30% | −8.45% | −6.66% | 38% | 21% | |
| FCFF Margin | — | — | — | — | — | — | — | — | 1.22% | −8.16% | −2.09% | −0.08% | 63% | 17% | |
| FCFE Margin | 14.42% | 7.91% | 1.33% | 25.72% | −21.30% | 11.90% | 9.98% | 17.00% | −19.83% | 5.00% | −13.35% | 11.87% | 63% | 46% | |
| OCF Margin | 18.03% | 23.03% | 23.23% | 27.17% | 12.52% | 22.36% | 13.19% | 25.25% | 21.53% | 10.78% | 21.46% | 24.52% | 79% | 31% | |
| Capex Intensity | 22.01% | 18.00% | 19.47% | 18.46% | 23.75% | 24.15% | 24.62% | 22.34% | 22.86% | 26.08% | 29.91% | 31.18% | 96% | 83% | |
| ▸Returns on Capital · 6 ratios | |||||||||||||||
| ▸DuPont factors (ROE drivers) · 4 ratios | |||||||||||||||
| ▸Earnings quality · 7 ratios | |||||||||||||||
| ▸Liquidity & coverage · 9 ratios | |||||||||||||||
| ▸Leverage · 9 ratios | |||||||||||||||
| ▸Working capital · 3 ratios | |||||||||||||||
| ▸Capital allocation · 3 ratios | |||||||||||||||
| ▸Per share · 6 ratios | |||||||||||||||
| ▸Other · 1 ratios | |||||||||||||||
The five drivers multiply to 8.4% vs reported ROE 8.2%. 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 | $15.05B | $15.03B | $14.56B | $14.02B | $11.26B | $11.04B | $10.79B | $11.13B | $12.46B | $12.87B | $13.47B | $15.09B |
| YoY % | -0.2% | -3.1% | -3.7% | -19.7% | -2.0% | -2.2% | +3.2% | +11.9% | +3.3% | +4.7% | +12.0% | |
| Total Operating Expenses | $13.99B | $12.73B | $8.65B | $8.50B | $8.76B | $8.53B | $8.63B | $9.41B | $10.55B | $10.60B | $11.10B | $12.88B |
| YoY % | -9.0% | -32.1% | -1.7% | +3.0% | -2.7% | +1.2% | +9.0% | +12.2% | +0.5% | +4.6% | +16.1% | |
| Operating Income | $1.06B | $2.29B | $2.05B | $2.43B | $2.50B | $2.51B | $2.16B | $1.73B | $1.91B | $2.27B | $2.38B | $2.21B |
| YoY % | +115.8% | -10.4% | +18.2% | +3.0% | +0.3% | -13.9% | -20.2% | +10.7% | +18.6% | +4.8% | -7.1% | |
| Interest Expense | — | — | — | — | — | — | — | — | $1.04B | $1.12B | $1.14B | $1.22B |
| YoY % | +8.2% | +1.8% | +6.4% | |||||||||
| Other Non-Operating Income | — | — | — | — | — | — | $430.0M | $486.0M | $415.0M | $164.0M | $189.0M | $156.0M |
| YoY % | +13.0% | -14.6% | -60.5% | +15.2% | -17.5% | |||||||
| Equity Method Income | — | — | — | — | — | — | $2.0M | $31.0M | $168.0M | $175.0M | $58.0M | $0 |
| YoY % | +1450.0% | +441.9% | +4.2% | -66.9% | -100.0% | |||||||
| Impairment of Real Estate | — | — | — | — | — | — | — | — | — | $15.0M | $115.0M | $352.0M |
| YoY % | +666.7% | +206.1% | ||||||||||
| Pretax Income | $171.0M | $893.0M | $1.08B | $1.43B | $1.51B | $1.12B | $1.13B | $1.56B | $1.44B | $1.46B | $1.50B | $1.56B |
| YoY % | +422.2% | +20.7% | +32.3% | +6.0% | -26.1% | +1.1% | +38.1% | -7.7% | +1.7% | +2.7% | +3.7% | |
| Income Tax | -$42.0M | $315.0M | $527.0M | $1.72B | $490.0M | $213.0M | $126.0M | $320.0M | $1.00B | $267.0M | $377.0M | $288.0M |
| YoY % | +67.3% | +225.4% | -71.4% | -56.5% | -40.8% | +154.0% | +212.5% | -73.3% | +41.2% | -23.6% | ||
| Income from Continuing Operations | $213.0M | — | — | — | — | — | — | $1.24B | $406.0M | $1.12B | $978.0M | $1.02B |
| YoY % | -67.2% | +176.6% | -12.9% | +4.3% | ||||||||
| Income from Discontinued Operations | $86.0M | $0 | $0 | — | — | — | $76.0M | $47.0M | $0 | — | — | — |
| YoY % | -100.0% | -38.2% | -100.0% | |||||||||
| Net Income (incl. NCI) | $299.0M | $578.0M | -$6.18B | — | — | — | $1.08B | $1.28B | $439.0M | $1.18B | $1.13B | $1.27B |
| YoY % | +93.3% | +18.9% | -65.8% | +167.9% | -4.2% | +12.8% | ||||||
| Minority Interest (P&L) | $0 | — | $0 | $0 | $367.0M | — | $0 | $0 | $33.0M | $74.0M | $149.0M | $251.0M |
| YoY % | +124.2% | +101.4% | +68.5% | |||||||||
| Net Income | $299.0M | $578.0M | -$6.18B | -$1.72B | $1.35B | $912.0M | $1.08B | $1.28B | $406.0M | $1.10B | $978.0M | $1.02B |
| YoY % | +93.3% | -32.3% | +18.3% | +18.9% | -68.4% | +171.4% | -11.3% | +4.3% | ||||
| Net Income to Common | — | — | -$6.18B | -$1.72B | $981.0M | $908.0M | $1.08B | $1.28B | — | — | — | — |
| YoY % | -7.4% | +18.8% | +18.9% | |||||||||
| EPS (Basic) | $0.71 | $1.37 | -$14.49 | -$3.88 | $1.99 | $1.70 | $1.99 | $2.35 | $0.71 | $1.92 | $1.70 | $1.77 |
| YoY % | +93.0% | -14.6% | +17.1% | +18.1% | -69.8% | +170.4% | -11.5% | +4.1% | ||||
| EPS (Diluted) | $0.71 | $1.37 | -$14.49 | -$3.88 | $1.99 | $1.68 | $1.99 | $2.35 | $0.71 | $1.92 | $1.70 | $1.76 |
| YoY % | +93.0% | -15.6% | +18.5% | +18.1% | -69.8% | +170.4% | -11.5% | +3.5% | ||||
| Weighted Avg Shares (Basic) | 420.0M | 422.0M | 426.0M | 444.0M | 492.0M | 535.0M | 542.0M | 545.0M | 571.0M | 573.0M | 575.0M | 577.0M |
| YoY % | +0.5% | +0.9% | +4.2% | +10.8% | +8.7% | +1.3% | +0.6% | +4.8% | +0.4% | +0.3% | +0.3% | |
| Weighted Avg Shares (Diluted) | 421.0M | 424.0M | 426.0M | 444.0M | 494.0M | 542.0M | 543.0M | 546.0M | 572.0M | 574.0M | 577.0M | 578.0M |
| YoY % | +0.7% | +0.5% | +4.2% | +11.3% | +9.7% | +0.2% | +0.6% | +4.8% | +0.3% | +0.5% | +0.2% | |
| Dividends Declared per Share | $1 | $1 | $1 | $1 | $2 | $2 | $2 | $2 | $2 | $2 | $2 | $2 |
| YoY % | 0.0% | 0.0% | 0.0% | +26.4% | -15.9% | +2.0% | 0.0% | 0.0% | +2.6% | +6.3% | +4.7% |
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 | $1.56 | +0.0% | reported |
| FY20212021-12-31 | $1.56 | +0.0% | reported |
| FY20202020-12-31 | $1.56 | +2.0% | reported |
| FY20192019-12-31 | $1.53 | −15.9% | reported |
| FY20182018-12-31 | $1.82 | +26.4% | reported |
| FY20172017-12-31 | $1.44 | +0.0% | reported |
| FY20162016-12-31 | $1.44 | +0.0% | reported |
| Ex-date | Amount | Pay date | Freq | Source |
|---|---|---|---|---|
| 2026-05-07 | $0.4650 | 2026-06-01 | quarterly | licensed |
| 2026-02-06 | $0.4450 | 2026-03-01 | quarterly | licensed |
| 2025-11-07 | $0.4450 | 2025-12-01 | quarterly | licensed |
| 2025-08-07 | $0.4450 | 2025-09-01 | quarterly | licensed |
| 2025-05-07 | $0.4450 | 2025-06-01 | quarterly | licensed |
| 2025-02-07 | $0.4250 | — | quarterly | licensed |
| 2024-11-07 | $0.4250 | — | quarterly | licensed |
| 2024-08-07 | $0.4250 | — | quarterly | licensed |
