| Market Cap | $25.36B | |
| Enterprise Value | $29.05B | |
| Revenue | $4.75B | +22.7% |
| Gross Profit | $3.53B | — |
| EBITDA | $1.14B | +51.8% |
| Net Income | $607.0M | — |
| Diluted EPS | $1.32 | — |
| Free Cash Flow | $768.0M | +60.4% |
| Ratio | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Trend · 12y | vs own | vs sector |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ▾Margins | |||||||||||||||
| Gross Margin | — | — | — | 83.95% | — | — | — | — | — | — | — | — | — | — | — |
| Operating Margin | 18.90% | 19.90% | 32.87% | 18.36% | 18.79% | 14.28% | 1.89% | 17.34% | 4.59% | 7.45% | 7.86% | 12.87% | 38% | 73% | |
| EBITDA Margin | 26.97% | 27.45% | 39.58% | 29.21% | 30.05% | 24.59% | 13.46% | 26.75% | 18.29% | 18.81% | 17.49% | 21.64% | 38% | 66% | |
| NOPAT Margin | 16.19% | 10.77% | 21.40% | 18.36% | 15.62% | 9.66% | 1.49% | 16.35% | 4.59% | 5.60% | 6.21% | 10.47% | 46% | 75% | |
| Net Margin | 4.00% | 1.33% | 12.89% | 17.83% | 6.60% | 1.03% | −15.18% | 3.49% | 57.42% | 21.30% | −56.47% | 12.38% | 63% | 79% | |
| FCF Margin | 20.99% | 19.52% | 30.38% | — | — | — | — | — | 8.51% | 5.32% | 13.47% | 17.60% | 50% | 79% | |
| FCFF Margin | — | — | — | — | — | — | — | — | 14.39% | 10.25% | — | 22.12% | 83% | 73% | |
| FCFE Margin | 39.46% | 40.73% | 49.26% | — | — | — | — | — | −38.88% | 3.64% | 12.59% | 39.18% | 50% | 83% | |
| OCF Margin | 25.35% | 25.69% | 41.15% | — | — | — | — | — | 18.29% | 18.23% | 15.52% | 20.26% | 50% | 70% | |
| Gross Profitability | — | — | — | 15.18% | — | — | — | — | — | — | — | — | — | — | — |
| Capex Intensity | 4.36% | 6.17% | 10.77% | 6.81% | 5.01% | 4.96% | 4.83% | 3.86% | 9.78% | 12.91% | 2.05% | 2.66% | 13% | 50% | |
| ▸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 · 2 ratios | |||||||||||||||
| ▸Per share · 3 ratios | |||||||||||||||
The five drivers multiply to 7.8% vs reported ROE 7.5%. 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 | $4.45B | $4.79B | $5.28B | $7.59B | $8.04B | $10.29B | $9.36B | $11.40B | $3.16B | $3.57B | $3.65B | $4.48B |
| YoY % | +7.8% | +10.0% | +43.9% | +5.9% | +28.0% | -9.0% | +21.8% | -72.3% | +13.0% | +2.3% | +22.7% | |
| Cost of Revenue | — | — | — | $1.22B | — | — | — | — | — | — | — | — |
| SG&A Expense | $873.0M | $861.0M | $886.0M | $1.15B | $1.18B | $1.80B | $1.75B | $1.91B | $393.0M | $659.0M | $421.0M | $514.0M |
| YoY % | -1.4% | +2.9% | +29.5% | +2.8% | +53.1% | -3.0% | +9.0% | -79.4% | +67.7% | -36.1% | +22.1% | |
| Total Operating Expenses | $3.61B | $3.84B | $3.54B | $6.20B | $6.53B | $8.82B | $9.19B | $9.42B | $3.02B | $3.31B | $3.37B | $3.90B |
| YoY % | +6.4% | -7.8% | +75.0% | +5.3% | +35.1% | +4.1% | +2.6% | -68.0% | +9.6% | +1.8% | +16.0% | |
| Operating Income | $841.0M | $954.0M | $1.73B | $1.39B | $1.51B | $1.47B | $177.0M | $1.98B | $145.0M | $266.0M | $287.0M | $577.0M |
| YoY % | +13.4% | +81.8% | -19.6% | +8.4% | -2.7% | -88.0% | +1016.9% | -92.7% | +83.4% | +7.9% | +101.0% | |
| Interest Expense | — | — | — | — | — | — | — | — | $186.0M | $234.0M | $208.0M | $249.0M |
| YoY % | +25.8% | -11.1% | +19.7% | |||||||||
| Other Non-Operating Income | -$50.0M | $12.0M | -$4.0M | $8.0M | $78.0M | $2.0M | $6.0M | -$47.0M | $101.0M | $89.0M | $60.0M | $117.0M |
| YoY % | +875.0% | -97.4% | +200.0% | -11.9% | -32.6% | +95.0% | ||||||
| Equity Method Income | -$113.0M | -$40.0M | $14.0M | $104.0M | $18.0M | $6.0M | -$586.0M | — | — | — | — | — |
| YoY % | +642.9% | -82.7% | -66.7% | |||||||||
| Pretax Income | $461.0M | $458.0M | $1.42B | $827.0M | $1.04B | $513.0M | -$1.44B | $789.0M | $707.0M | $97.0M | -$24.0M | $733.0M |
| YoY % | -0.7% | +209.8% | -41.7% | +25.9% | -50.7% | -10.4% | -86.3% | |||||
| Income Tax | $66.0M | $210.0M | $495.0M | -$1.06B | $176.0M | $166.0M | -$44.0M | $45.0M | -$202.0M | $24.0M | $44.0M | $137.0M |
| YoY % | +218.2% | +135.7% | -5.7% | +83.3% | +211.4% | |||||||
| Income from Continuing Operations | $178.0M | — | — | — | — | — | — | — | — | — | — | — |
| Income from Discontinued Operations | — | — | — | — | — | — | — | — | $1.12B | $889.0M | -$2.43B | -$41.0M |
| YoY % | -20.6% | |||||||||||
| Net Income (incl. NCI) | $395.0M | $248.0M | $924.0M | $1.89B | $865.0M | $347.0M | -$1.39B | $744.0M | $2.03B | $962.0M | -$2.48B | $555.0M |
| YoY % | -37.2% | +272.6% | +104.5% | -54.2% | -59.9% | +172.7% | -52.6% | |||||
| Minority Interest (P&L) | $217.0M | $184.0M | $244.0M | $536.0M | $334.0M | $241.0M | $30.0M | $292.0M | — | — | — | — |
| YoY % | -15.2% | +32.6% | +119.7% | -37.7% | -27.8% | -87.6% | +873.3% | |||||
| Net Income | $178.0M | $64.0M | $680.0M | $1.35B | $531.0M | $106.0M | -$1.42B | $398.0M | $1.81B | $761.0M | -$2.06B | $555.0M |
| YoY % | -64.0% | +962.5% | +99.1% | -60.8% | -80.0% | +356.0% | -58.1% | |||||
| EPS (Basic) | $0.52 | $0.19 | — | — | — | — | — | — | — | — | — | — |
| YoY % | -63.5% | |||||||||||
| EPS (Diluted) | $0.52 | $0.19 | — | — | — | — | — | — | — | — | — | — |
| YoY % | -63.5% | |||||||||||
| Weighted Avg Shares (Basic) | 342.0M | 338.0M | — | — | — | — | — | — | — | — | — | — |
| YoY % | -1.2% | |||||||||||
| Weighted Avg Shares (Diluted) | 345.0M | 340.0M | — | — | — | — | — | — | — | — | — | — |
| YoY % | -1.4% |
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.
