| Market Cap | $64.16B | |
| Enterprise Value | $66.06B | |
| Revenue | $18.38B | +4.5% |
| Gross Profit | $7.20B | +3.7% |
| EBITDA | $2.95B | −4.2% |
| Net Income | $1.78B | −10.6% |
| Diluted EPS | $35.40 | −8.6% |
| Free Cash Flow | $1.38B | −15.2% |
| DPS (FY2025) | $9.73derived |
| Trailing yield | 0.72% |
| Payout ratio | 27.4% |
| Growth streak | 11 yrs |
| 5y DPS growth | 9.1% |
| Fiscal year | DPS | YoY | Basis |
|---|---|---|---|
| FY20252025-12-31 | $9.73 | +13.2% | derived (paid ÷ diluted shares) |
| FY20242024-12-31 | $8.59 | +9.8% | 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 | 43.29% | 42.43% | 40.59% | 39.31% | 38.75% | 38.28% | 35.92% | 36.25% | 38.41% | 39.42% | 39.36% | 39.06% | 46% | 59% | |
| Operating Margin | 13.52% | 13.04% | 10.98% | 9.93% | 10.32% | 10.99% | 8.64% | 11.88% | 14.55% | 15.57% | 15.36% | 13.91% | 71% | 86% | |
| EBITDA Margin | 15.61% | 15.32% | 13.44% | 12.46% | 12.61% | 12.98% | 10.18% | 13.32% | 15.90% | 17.25% | 17.17% | 15.75% | 71% | 80% | |
| NOPAT Margin | 8.23% | 8.19% | 6.82% | 6.61% | 7.86% | 8.13% | 6.89% | 8.91% | 10.93% | 11.85% | 11.82% | 10.35% | 71% | 85% | |
| Net Margin | 8.05% | 7.71% | 5.98% | 5.62% | 6.97% | 7.39% | 5.89% | 8.01% | 10.16% | 11.10% | 11.12% | 9.51% | 71% | 85% | |
| FCF Margin | 5.74% | 6.64% | 7.30% | 7.87% | 7.29% | 7.15% | 7.85% | 5.24% | 7.07% | 9.62% | 9.14% | 7.42% | 63% | 73% | |
| FCFF Margin | — | — | — | — | — | — | — | — | — | 10.05% | 9.49% | 7.75% | 17% | 60% | |
| FCFE Margin | 5.54% | 19.22% | 9.80% | 11.34% | 6.43% | 6.78% | 9.66% | 5.18% | 7.08% | 9.44% | 11.85% | 5.11% | 4% | 55% | |
| OCF Margin | 9.63% | 10.39% | 10.10% | 10.14% | 9.42% | 9.07% | 9.52% | 7.20% | 8.75% | 12.33% | 12.30% | 11.23% | 79% | 70% | |
| Gross Profitability | 81.66% | 72.24% | 72.27% | 70.61% | 74.03% | 73.22% | 67.32% | 71.60% | 77.08% | 79.73% | 76.54% | 78.21% | 79% | 89% | |
| Capex Intensity | 3.89% | 3.75% | 2.80% | 2.27% | 2.13% | 1.92% | 1.67% | 1.96% | 1.68% | 2.70% | 3.15% | 3.81% | 88% | 70% | |
| ▸Returns on Capital · 6 ratios | |||||||||||||||
| ▸DuPont factors (ROE drivers) · 4 ratios | |||||||||||||||
| ▸Earnings quality · 7 ratios | |||||||||||||||
| ▸Liquidity & coverage · 9 ratios | |||||||||||||||
| ▸Leverage · 7 ratios | |||||||||||||||
| ▸Working capital · 5 ratios | |||||||||||||||
| ▸Capital allocation · 5 ratios | |||||||||||||||
| ▸Per share · 3 ratios | |||||||||||||||
The five drivers multiply to 46.0% vs reported ROE 48.1%. 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 | $9.96B | $9.97B | $10.14B | $10.43B | $11.22B | $11.49B | $11.80B | $13.02B | $15.23B | $16.48B | $17.17B | $17.94B |
| YoY % | +0.1% | +1.6% | +2.8% | +7.6% | +2.4% | +2.7% | +10.4% | +16.9% | +8.2% | +4.2% | +4.5% | |
| Cost of Revenue | $5.65B | $5.74B | $6.02B | $6.33B | $6.87B | $7.09B | $7.56B | $8.30B | $9.38B | $9.98B | $10.41B | $10.93B |
| YoY % | +1.6% | +4.9% | +5.1% | +8.6% | +3.1% | +6.6% | +9.8% | +13.0% | +6.4% | +4.3% | +5.0% | |
| Gross Profit | $4.31B | $4.23B | $4.12B | $4.10B | $4.35B | $4.40B | $4.24B | $4.72B | $5.85B | $6.50B | $6.76B | $7.01B |
| YoY % | -1.9% | -2.8% | -0.4% | +6.1% | +1.1% | -3.6% | +11.4% | +23.9% | +11.1% | +4.0% | +3.7% | |
| SG&A Expense | $2.97B | $2.93B | $3.00B | $3.06B | $3.19B | $3.13B | $3.22B | $3.17B | $3.63B | $3.93B | $4.12B | $4.51B |
| YoY % | -1.2% | +2.4% | +2.0% | +4.1% | -1.7% | +2.7% | -1.4% | +14.5% | +8.2% | +4.8% | +9.5% | |
| Operating Income | $1.35B | $1.30B | $1.11B | $1.03B | $1.16B | $1.26B | $1.02B | $1.55B | $2.21B | $2.56B | $2.64B | $2.50B |
| YoY % | -3.5% | -14.4% | -7.0% | +11.9% | +9.0% | -19.3% | +51.8% | +43.2% | +15.8% | +2.8% | -5.4% | |
| Interest Expense | — | — | — | — | — | — | — | — | — | $93.0M | $77.0M | $81.0M |
| YoY % | -17.2% | +5.2% | ||||||||||
| Interest & Investment Income | $2.1M | $1.2M | $1.0M | $3.0M | $6.0M | — | — | — | — | — | — | — |
| YoY % | -43.6% | -14.2% | +200.0% | +100.0% | ||||||||
| Other Non-Operating Income | — | -$5.5M | $12.0M | -$13.0M | $5.0M | $26.0M | $21.0M | $25.0M | $24.0M | $28.0M | $24.0M | $16.0M |
| YoY % | +420.0% | -19.2% | +19.0% | -4.0% | +16.7% | -14.3% | -33.3% | |||||
| Equity Method Income | $0 | -$11.7M | -$31.0M | -$37.0M | -$19.0M | — | — | — | — | — | — | — |
| Gains on Sale of Real Estate | — | — | — | — | — | — | -$106.0M | — | — | — | — | — |
| Impairment of Real Estate | — | — | — | — | — | — | $187.0M | $0 | $7.0M | — | — | — |
| YoY % | -100.0% | |||||||||||
| Pretax Income | $1.33B | $1.25B | $1.02B | $936.0M | $1.08B | $1.21B | $947.0M | $1.49B | $2.15B | $2.50B | $2.58B | $2.43B |
| YoY % | -6.3% | -18.5% | -8.1% | +15.5% | +11.8% | -21.7% | +56.8% | +44.5% | +16.5% | +3.4% | -6.0% | |
| Income Tax | $522.1M | $465.5M | $386.0M | $313.0M | $258.0M | $314.0M | $192.0M | $371.0M | $533.0M | $597.0M | $595.0M | $622.0M |
| YoY % | -10.8% | -17.1% | -18.9% | -17.6% | +21.7% | -38.9% | +93.2% | +43.7% | +12.0% | -0.3% | +4.5% | |
| Net Income (incl. NCI) | $812.3M | $785.2M | $633.0M | $623.0M | $823.0M | $895.0M | $755.0M | $1.11B | $1.61B | $1.90B | $1.99B | $1.81B |
| YoY % | -3.3% | -19.4% | -1.6% | +32.1% | +8.7% | -15.6% | +47.5% | +44.8% | +18.0% | +4.5% | -9.1% | |
| Minority Interest (P&L) | $10.6M | $16.2M | $27.0M | $37.0M | $41.0M | $46.0M | $60.0M | $71.0M | $66.0M | $74.0M | $80.0M | $102.0M |
| YoY % | +53.1% | +66.9% | +37.0% | +10.8% | +12.2% | +30.4% | +18.3% | -7.0% | +12.1% | +8.1% | +27.5% | |
| Net Income | $801.7M | $769.0M | $606.0M | $586.0M | $782.0M | $849.0M | $695.0M | $1.04B | $1.55B | $1.83B | $1.91B | $1.71B |
| YoY % | -4.1% | -21.2% | -3.3% | +33.4% | +8.6% | -18.1% | +50.1% | +48.3% | +18.2% | +4.4% | -10.6% | |
| Net Income to Common | $792.2M | $761.4M | $601.0M | $581.0M | $776.0M | — | — | — | — | — | — | — |
| YoY % | -3.9% | -21.1% | -3.3% | +33.6% | ||||||||
| EPS (Basic) | $11.59 | $11.69 | $9.94 | $10.07 | $13.82 | $15.39 | $12.88 | $19.94 | $30.22 | $36.39 | $38.84 | $35.47 |
| YoY % | +0.9% | -15.0% | +1.3% | +37.2% | +11.4% | -16.3% | +54.8% | +51.6% | +20.4% | +6.7% | -8.7% | |
| EPS (Diluted) | $11.45 | $11.58 | $9.87 | $10.02 | $13.73 | $15.32 | $12.82 | $19.84 | $30.06 | $36.23 | $38.71 | $35.40 |
| YoY % | +1.1% | -14.8% | +1.5% | +37.0% | +11.6% | -16.3% | +54.8% | +51.5% | +20.5% | +6.8% | -8.6% | |
| Weighted Avg Shares (Basic) | 68.3M | 65.2M | 60.4M | 57.7M | 56.1M | 54.7M | 53.5M | 51.9M | 50.9M | 49.9M | 48.9M | 47.9M |
| YoY % | -4.6% | -7.3% | -4.5% | -2.8% | -2.5% | -2.2% | -3.0% | -1.9% | -2.0% | -2.0% | -2.0% | |
| Weighted Avg Shares (Diluted) | 69.2M | 65.8M | 60.8M | 58.0M | 56.5M | 54.9M | 53.7M | 52.2M | 51.1M | 50.1M | 49.0M | 48.0M |
| YoY % | -5.0% | -7.5% | -4.7% | -2.6% | -2.8% | -2.2% | -2.8% | -2.1% | -2.0% | -2.2% | -2.0% |
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.
| FY20232023-12-31 | $7.82 | +8.1% | derived (paid ÷ diluted shares) |
| FY20222022-12-31 | $7.24 | +5.9% | derived (paid ÷ diluted shares) |
| FY20212021-12-31 | $6.84 | +8.7% | derived (paid ÷ diluted shares) |
| FY20202020-12-31 | $6.29 | +5.4% | derived (paid ÷ diluted shares) |
| FY20192019-12-31 | $5.97 | +6.8% | derived (paid ÷ diluted shares) |
| FY20182018-12-31 | $5.59 | +6.7% | derived (paid ÷ diluted shares) |
| FY20172017-12-31 | $5.24 | +5.2% | derived (paid ÷ diluted shares) |
| FY20162016-12-31 | $4.98 | +6.9% | derived (paid ÷ diluted shares) |
| Ex-date | Amount | Pay date | Freq | Source |
|---|---|---|---|---|
| 2026-05-11 | $2.49 | 2026-06-01 | quarterly | licensed |
| 2026-02-09 | $2.26 | 2026-03-01 | quarterly | licensed |
| 2025-11-10 | $2.26 | 2025-12-01 | quarterly | licensed |
| 2025-08-11 | $2.26 | — | quarterly | licensed |
| 2025-05-12 | $2.26 | 2025-06-01 | quarterly | licensed |
| 2025-02-10 | $2.05 | — | quarterly | licensed |
| 2024-11-08 | $2.05 | — | quarterly | licensed |
| 2024-08-12 | $2.05 | — | quarterly | licensed |
