| Market Cap | $9.78B | |
| Enterprise Value | — | |
| Revenue | $13.38B | +4.0% |
| Gross Profit | $4.17B | +2.2% |
| EBITDA | $979.0M | +5.0% |
| Net Income | $395.0M | +2.1% |
| Diluted EPS | $3.27 | +7.2% |
| Free Cash Flow | $445.0M | −18.1% |
| Ratio | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Trend · 12y | vs own | vs sector |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ▾Margins | |||||||||||||||
| Gross Margin | 28.07% | 28.29% | 27.88% | 50.75% | 50.71% | 30.95% | 27.83% | 29.63% | 30.29% | 31.28% | 31.69% | 31.14% | 63% | 46% | |
| Operating Margin | 6.90% | 6.90% | 6.67% | 5.37% | 4.55% | 7.19% | 5.29% | 6.87% | 5.91% | 4.98% | 4.90% | 4.95% | 21% | 54% | |
| EBITDA Margin | 8.36% | 8.40% | 8.13% | 6.45% | 5.64% | 9.04% | 7.13% | 8.56% | 7.58% | 6.99% | 7.24% | 7.31% | 46% | 47% | |
| NOPAT Margin | 4.80% | 4.88% | 4.75% | 2.74% | 3.64% | 5.51% | 4.28% | 5.23% | 4.51% | 3.88% | 3.68% | 3.78% | 29% | 53% | |
| Net Margin | 4.49% | 4.51% | 4.38% | 3.26% | 4.06% | 6.96% | 3.99% | 5.09% | 4.25% | 3.37% | 3.08% | 3.02% | 4% | 55% | |
| FCF Margin | — | 5.12% | 4.95% | 3.88% | 4.65% | 5.79% | 5.44% | 5.09% | 4.00% | 2.86% | 5.52% | 4.35% | 32% | 53% | |
| FCFF Margin | — | 5.29% | 5.14% | 4.09% | 5.11% | 6.18% | 5.76% | 5.25% | 4.21% | 3.41% | 6.30% | 5.21% | 50% | 45% | |
| FCFE Margin | — | 4.49% | 7.07% | 5.01% | 5.33% | 3.18% | 4.35% | 6.56% | 5.67% | 10.15% | 3.96% | 7.72% | 86% | 67% | |
| OCF Margin | — | 5.79% | 5.55% | 4.38% | 5.19% | 6.55% | 5.92% | 5.73% | 4.76% | 4.05% | 6.69% | 5.40% | 41% | 42% | |
| Gross Profitability | 47.42% | 46.01% | 47.37% | 34.93% | 34.24% | 43.22% | 36.23% | 43.32% | 44.51% | 36.51% | 39.30% | 36.60% | 38% | 50% | |
| Capex Intensity | 0.79% | 0.67% | 0.61% | 0.50% | 0.54% | 0.76% | 0.48% | 0.64% | 0.76% | 1.19% | 1.17% | 1.05% | 79% | 24% | |
| ▸Returns on Capital · 6 ratios | |||||||||||||||
| ▸DuPont factors (ROE drivers) · 4 ratios | |||||||||||||||
| ▸Earnings quality · 7 ratios | |||||||||||||||
| ▸Liquidity & coverage · 9 ratios | |||||||||||||||
| ▸Leverage · 9 ratios | |||||||||||||||
| ▸Working capital · 8 ratios | |||||||||||||||
| ▸Capital allocation · 2 ratios | |||||||||||||||
| ▸Per share · 6 ratios | |||||||||||||||
| ▸Other · 1 ratios | |||||||||||||||
The five drivers multiply to 12.8% vs reported ROE 12.0%. 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 | $10.37B | $10.63B | $11.57B | $12.46B | $13.20B | $9.99B | $10.12B | $12.40B | $12.65B | $12.34B | $12.67B | $13.18B |
| YoY % | +2.5% | +8.9% | +7.7% | +5.9% | -24.4% | +1.3% | +22.6% | +2.0% | -2.4% | +2.7% | +4.0% | |
| Cost of Revenue | $7.46B | $7.62B | $8.35B | $6.14B | $6.51B | $6.89B | $7.30B | $8.73B | $8.82B | $8.48B | $8.66B | $9.08B |
| YoY % | +2.2% | +9.5% | -26.5% | +6.0% | +6.0% | +5.9% | +19.5% | +1.0% | -3.8% | +2.1% | +4.9% | |
| Gross Profit | $2.91B | $3.01B | $3.23B | $2.75B | $2.91B | $3.09B | $2.82B | $3.67B | $3.83B | $3.86B | $4.02B | $4.11B |
| YoY % | +3.3% | +7.3% | -14.9% | +6.0% | +6.2% | -8.9% | +30.5% | +4.3% | +0.8% | +4.0% | +2.2% | |
| SG&A Expense | $2.20B | $2.24B | $2.41B | $2.07B | $2.22B | $2.36B | $2.09B | $2.63B | $2.77B | $2.96B | $3.03B | $3.08B |
| YoY % | +1.9% | +7.6% | -14.0% | +7.0% | +6.3% | -11.5% | +26.3% | +5.2% | +6.7% | +2.6% | +1.6% | |
| Total Operating Expenses | — | — | $2.41B | $2.53B | $2.70B | — | — | — | — | — | — | — |
| YoY % | +5.2% | +6.6% | ||||||||||
| Operating Income | $715.1M | $734.0M | $771.6M | $669.8M | $600.6M | $718.3M | $535.0M | $852.0M | $747.0M | $615.0M | $621.0M | $653.0M |
| YoY % | +2.6% | +5.1% | -13.2% | -10.3% | +19.6% | -25.5% | +59.3% | -12.3% | -17.7% | +1.0% | +5.2% | |
| Interest Expense | $24.1M | $26.0M | $31.9M | $51.1M | $76.0M | $50.8M | $41.0M | $27.0M | $35.0M | $87.0M | $131.0M | $150.0M |
| YoY % | +8.1% | +22.6% | +60.1% | +48.9% | -33.2% | -19.3% | -34.1% | +29.6% | +148.6% | +50.6% | +14.5% | |
| Interest & Investment Income | $13.7M | $12.9M | $13.3M | $12.4M | $15.5M | $15.8M | $10.0M | $6.0M | $8.0M | $17.0M | $24.0M | $33.0M |
| YoY % | -5.3% | +2.6% | -6.3% | +24.5% | +1.7% | -36.5% | -40.0% | +33.3% | +112.5% | +41.2% | +37.5% | |
| Other Non-Operating Income | $4.6M | -$141,000 | $2.9M | -$1.3M | -$3.3M | -$2.9M | -$4.0M | $0 | $1.0M | -$3.0M | -$1.0M | -$3.0M |
| Equity Method Income | $11.7M | $14.1M | $18.5M | $15.3M | $21.0M | $17.9M | $12.0M | $20.0M | $15.0M | $14.0M | $13.0M | $12.0M |
| YoY % | +19.8% | +31.7% | -17.4% | +37.6% | -14.9% | -33.0% | +66.7% | -25.0% | -6.7% | -7.1% | -7.7% | |
| Pretax Income | $709.3M | $720.8M | $755.8M | $629.8M | $536.8M | $680.3M | $500.0M | $831.0M | $721.0M | $542.0M | $513.0M | $533.0M |
| YoY % | +1.6% | +4.9% | -16.7% | -14.8% | +26.7% | -26.5% | +66.2% | -13.2% | -24.8% | -5.4% | +3.9% | |
| Income Tax | $215.6M | $211.4M | $218.0M | $309.0M | $107.4M | $159.5M | $95.0M | $198.0M | $170.0M | $120.0M | $128.0M | $126.0M |
| YoY % | -2.0% | +3.1% | +41.8% | -65.2% | +48.5% | -40.4% | +108.4% | -14.1% | -29.4% | +6.7% | -1.6% | |
| Income from Continuing Operations | — | — | — | $293.2M | $430.7M | $700.7M | $403.0M | $631.0M | $538.0M | — | — | — |
| YoY % | +46.9% | +62.7% | -42.5% | +56.6% | -14.7% | |||||||
| Income from Discontinued Operations | — | — | — | $140.8M | $111.7M | -$6.3M | $1.0M | $0 | $0 | — | — | — |
| YoY % | -20.7% | -100.0% | ||||||||||
| Net Income (incl. NCI) | $505.4M | $523.4M | $556.4M | $459.3M | $562.1M | $719.1M | $420.0M | $660.0M | $566.0M | $436.0M | $398.0M | $419.0M |
| YoY % | +3.6% | +6.3% | -17.5% | +22.4% | +27.9% | -41.6% | +57.1% | -14.2% | -23.0% | -8.7% | +5.3% | |
| Minority Interest (P&L) | $39.4M | $44.4M | $49.6M | $53.0M | $26.2M | $24.4M | $16.0M | $29.0M | $28.0M | $20.0M | $8.0M | $21.0M |
| YoY % | +12.7% | +11.8% | +6.8% | -50.5% | -7.0% | -34.4% | +81.3% | -3.4% | -28.6% | -60.0% | +162.5% | |
| Net Income | $466.1M | $479.1M | $506.8M | $406.3M | $535.9M | $694.7M | $404.0M | $631.0M | $538.0M | $416.0M | $390.0M | $398.0M |
| YoY % | +2.8% | +5.8% | -19.8% | +31.9% | +29.6% | -41.8% | +56.2% | -14.7% | -22.7% | -6.3% | +2.1% | |
| EPS (Basic) | $5.53 | $2.89 | $3.14 | $2.59 | $3.51 | $4.70 | $2.83 | $4.51 | $3.95 | $3.18 | $3.07 | $3.29 |
| YoY % | -47.7% | +8.7% | -17.5% | +35.5% | +33.9% | -39.8% | +59.4% | -12.4% | -19.5% | -3.5% | +7.2% | |
| EPS (Diluted) | $5.44 | $2.85 | $3.10 | $2.57 | $3.49 | $4.65 | $2.82 | $4.45 | $3.91 | $3.16 | $3.05 | $3.27 |
| YoY % | -47.6% | +8.8% | -17.1% | +35.8% | +33.2% | -39.4% | +57.8% | -12.1% | -19.2% | -3.5% | +7.2% | |
| Weighted Avg Shares (Basic) | 84.3M | 165.7M | 161.6M | 156.8M | 152.7M | 147.8M | 142.5M | 140.1M | 136.1M | 130.6M | 126.8M | 120.8M |
| YoY % | +96.6% | -2.4% | -3.0% | -2.6% | -3.2% | -3.6% | -1.7% | -2.9% | -4.0% | -2.9% | -4.7% | |
| Weighted Avg Shares (Diluted) | 85.7M | 168.3M | 163.7M | 158.2M | 153.7M | 149.3M | 143.4M | 141.8M | 137.8M | 131.7M | 127.8M | 121.7M |
| YoY % | +96.2% | -2.7% | -3.4% | -2.8% | -2.9% | -3.9% | -1.1% | -2.8% | -4.4% | -3.0% | -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.
