| Market Cap | $11.05B | |
| Enterprise Value | — | |
| Revenue | $3.10B | +16.7% |
| Gross Profit | $1.33B | +33.5% |
| EBITDA | $814.2M | +80.4% |
| Net Income | $586.7M | +422.3% |
| Diluted EPS | $3.92 | +422.7% |
| Free Cash Flow | $610.3M | +45.3% |
| Ratio | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Trend · 12y | vs own | vs sector |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ▾Margins | |||||||||||||||
| Gross Margin | — | — | 76.12% | 76.34% | 77.64% | 77.08% | 72.44% | 75.03% | 74.22% | 65.05% | 58.90% | 67.41% | 25% | 59% | |
| Operating Margin | 29.17% | 31.61% | 27.33% | 25.45% | 23.75% | 21.90% | 14.12% | 17.95% | 22.29% | 8.49% | 6.59% | 16.33% | 29% | 87% | |
| EBITDA Margin | 33.75% | 36.04% | 34.20% | 32.06% | 29.59% | 28.61% | 22.09% | 25.24% | 28.96% | 17.77% | 16.65% | 25.75% | 38% | 90% | |
| NOPAT Margin | — | — | — | — | — | 17.89% | 11.47% | 14.84% | 17.44% | 6.31% | 5.62% | 14.51% | 50% | 86% | |
| Net Margin | 19.50% | 20.70% | 18.50% | 16.88% | 21.95% | 19.76% | 12.96% | 15.57% | 18.59% | 7.83% | 4.09% | 18.30% | 46% | 89% | |
| FCF Margin | 11.47% | 13.45% | 18.96% | 16.94% | 17.10% | 12.89% | 17.13% | 22.90% | 10.21% | 10.53% | 16.08% | 20.03% | 88% | 90% | |
| OCF Margin | 16.69% | 22.76% | 26.21% | 25.01% | 25.48% | 21.90% | 25.19% | 28.84% | 17.45% | 15.52% | 20.67% | 25.64% | 79% | 92% | |
| Gross Profitability | 51.68% | 49.44% | 46.28% | 45.02% | 42.56% | 39.51% | 34.03% | 36.73% | 36.56% | 20.06% | 28.25% | 37.36% | 46% | 64% | |
| Capex Intensity | 5.22% | 9.32% | 7.25% | 8.07% | 8.37% | 9.01% | 8.07% | 5.94% | 7.24% | 4.99% | 4.58% | 5.60% | 29% | 70% | |
| ▸Returns on Capital · 3 ratios | |||||||||||||||
| ▸DuPont factors (ROE drivers) · 4 ratios | |||||||||||||||
| ▸Earnings quality · 6 ratios | |||||||||||||||
| ▸Liquidity & coverage · 3 ratios | |||||||||||||||
| ▸Leverage · 2 ratios | |||||||||||||||
| ▸Working capital · 8 ratios | |||||||||||||||
| ▸Capital allocation · 2 ratios | |||||||||||||||
| ▸Per share · 6 ratios | |||||||||||||||
| ▸Other · 1 ratios | |||||||||||||||
The five drivers multiply to 11.8% vs reported ROE 12.3%. 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 | $474.4M | $544.8M | $564.0M | $636.0M | $713.0M | $785.4M | $789.0M | $958.1M | $1.02B | $1.57B | $2.52B | $2.94B |
| YoY % | +14.8% | +3.5% | +12.8% | +12.1% | +10.2% | +0.5% | +21.4% | +6.8% | +53.3% | +60.6% | +16.7% | |
| Cost of Revenue | — | — | $134.7M | $150.5M | $159.4M | $180.0M | $217.5M | $239.2M | $263.7M | $548.2M | $1.04B | $957.8M |
| YoY % | +11.7% | +6.0% | +12.9% | +20.8% | +10.0% | +10.2% | +107.9% | +88.9% | -7.5% | |||
| Gross Profit | $363.6M | $412.4M | $429.3M | $485.5M | $553.6M | $605.4M | $571.6M | $718.9M | $759.1M | $1.02B | — | — |
| YoY % | +13.4% | +4.1% | +13.1% | +14.0% | +9.4% | -5.6% | +25.8% | +5.6% | +34.4% | |||
| R&D Expense | $31.2M | $36.3M | $44.5M | $43.7M | $55.5M | $60.1M | $84.5M | $97.3M | $73.0M | $124.0M | $163.8M | $147.2M |
| YoY % | +16.5% | +22.6% | -1.9% | +27.1% | +8.2% | +40.7% | +15.2% | -25.0% | +69.8% | +32.0% | -10.1% | |
| SG&A Expense | $188.6M | $210.2M | $222.2M | $267.8M | $311.6M | $354.8M | $354.8M | $408.1M | $432.1M | $643.8M | $981.4M | $1.18B |
| YoY % | +11.5% | +5.7% | +20.6% | +16.3% | +13.9% | 0.0% | +15.1% | +5.9% | +49.0% | +52.4% | +20.1% | |
| Total Operating Expenses | $225.2M | $240.2M | $275.1M | $323.7M | $384.2M | $433.4M | $460.1M | $546.9M | $531.2M | $887.2M | — | — |
| YoY % | +6.6% | +14.6% | +17.6% | +18.7% | +12.8% | +6.2% | +18.9% | -2.9% | +67.0% | |||
| Operating Income | $138.4M | $172.2M | $154.1M | $161.8M | $169.3M | $172.0M | $111.4M | $172.0M | $228.0M | $133.1M | $166.0M | $479.8M |
| YoY % | +24.5% | -10.5% | +5.0% | +4.6% | +1.6% | -35.2% | +54.3% | +32.6% | -41.6% | +24.7% | +189.1% | |
| Other Non-Operating Income | $280,000 | $583,000 | $3.1M | $8.1M | $19.3M | $18.0M | $14.5M | $8.5M | $1.9M | -$2.1M | $2.2M | $3.4M |
| YoY % | +108.2% | +438.3% | +157.7% | +138.4% | -6.9% | -19.4% | -41.6% | -78.1% | +54.8% | |||
| Impairment of Real Estate | — | — | — | — | — | — | $0 | $0 | $0 | $0 | $0 | $0 |
| Pretax Income | — | — | — | — | — | $189.9M | $125.9M | $180.4M | $243.0M | $165.4M | $120.7M | $605.1M |
| YoY % | -33.7% | +43.3% | +34.7% | -31.9% | -27.0% | +401.2% | ||||||
| Income Tax | $46.2M | $60.0M | $52.9M | $62.6M | $32.1M | $34.7M | $23.6M | $31.2M | $52.9M | $42.5M | $17.7M | $67.2M |
| YoY % | +30.0% | -11.8% | +18.2% | -48.7% | +8.1% | -32.0% | +32.2% | +69.3% | -19.5% | -58.3% | +278.8% | |
| Net Income | $92.5M | $112.8M | $104.3M | $107.3M | $156.5M | $155.2M | $102.3M | $149.2M | $190.2M | $122.9M | $103.0M | $537.9M |
| YoY % | +21.9% | -7.5% | +2.9% | +45.8% | -0.8% | -34.1% | +45.9% | +27.5% | -35.4% | -16.2% | +422.3% | |
| Net Income to Common | — | — | — | — | — | — | — | $149.2M | $190.2M | $122.9M | $103.0M | $537.9M |
| YoY % | +27.5% | -35.4% | -16.2% | +422.3% | ||||||||
| EPS (Basic) | $0.98 | $1.19 | $1.09 | $1.12 | $1.60 | $1.57 | $1.04 | $1.48 | $1.89 | $1.09 | $0.76 | $3.98 |
| YoY % | +21.4% | -8.4% | +2.8% | +42.9% | -1.9% | -33.8% | +42.3% | +27.7% | -42.3% | -30.3% | +423.7% | |
| EPS (Diluted) | $0.97 | $1.17 | $1.08 | $1.10 | $1.54 | $1.52 | $1.01 | $1.44 | $1.85 | $1.07 | $0.75 | $3.92 |
| YoY % | +20.6% | -7.7% | +1.9% | +40.0% | -1.3% | -33.6% | +42.6% | +28.5% | -42.2% | -29.9% | +422.7% | |
| Weighted Avg Shares (Basic) | 94.2M | 95.0M | 95.6M | 96.2M | 97.9M | 99.2M | 98.6M | 100.7M | 100.5M | 113.1M | 135.7M | 135.2M |
| YoY % | +0.9% | +0.6% | +0.6% | +1.7% | +1.3% | -0.6% | +2.2% | -0.3% | +12.6% | +20.0% | -0.4% | |
| Weighted Avg Shares (Diluted) | 95.5M | 96.1M | 96.4M | 97.9M | 101.3M | 102.0M | 101.0M | 103.6M | 102.6M | 114.6M | 137.9M | 137.1M |
| YoY % | +0.6% | +0.4% | +1.5% | +3.5% | +0.7% | -1.0% | +2.6% | -0.9% | +11.7% | +20.3% | -0.6% |
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.
