| Market Cap | $86.37B | |
| Enterprise Value | $105.17B | |
| Revenue | $13.08B | +7.5% |
| Gross Profit | — | — |
| EBITDA | $6.93B | +11.0% |
| Net Income | $3.93B | +20.4% |
| Diluted EPS | $5.77 | +20.7% |
| Free Cash Flow | $4.67B | +2.0% |
| DPS (FY2025) | $1.92 |
| Trailing yield | 1.26% |
| Payout ratio | 33.3% |
| Growth streak | 11 yrs |
| 5y DPS growth | 9.9% |
| Fiscal year | DPS | YoY | Basis |
|---|---|---|---|
| FY20252025-12-31 | $1.92 | +6.7% | reported |
| FY20242024-12-31 | $1.80 | +7.1% | reported |
| FY20232023-12-31 | $1.68 | +10.5% |
| Ratio | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Trend · 12y | vs own | vs sector |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ▾Margins | |||||||||||||||
| Operating Margin | 33.27% | 37.38% | 36.38% | 40.72% | 41.16% | 40.83% | 36.79% | 37.62% | 37.75% | 37.30% | 36.64% | 39.00% | 71% | 85% | |
| EBITDA Margin | 40.92% | 45.37% | 46.59% | 49.87% | 50.49% | 50.94% | 45.90% | 48.63% | 48.45% | 49.57% | 49.71% | 51.34% | 96% | 77% | |
| NOPAT Margin | 23.77% | — | — | — | — | 32.25% | 28.04% | 26.86% | 31.28% | 31.42% | 28.30% | 30.24% | 56% | 69% | |
| Net Margin | 22.54% | 27.21% | 23.95% | 43.23% | 31.68% | 29.52% | 25.34% | 44.26% | 15.01% | 23.91% | 23.42% | 26.23% | 54% | 63% | |
| FCF Margin | 29.66% | 23.94% | 31.80% | 31.92% | 38.22% | 38.28% | 32.44% | 32.11% | 34.55% | 33.85% | 35.74% | 33.93% | 63% | 73% | |
| FCFF Margin | — | — | — | — | — | — | — | — | 39.84% | 40.72% | 41.71% | 38.86% | 13% | 57% | |
| OCF Margin | 33.62% | 28.00% | 35.99% | 35.68% | 40.36% | 40.61% | 34.95% | 34.06% | 36.88% | 35.77% | 39.19% | 36.88% | 71% | 73% | |
| Capex Intensity | 3.95% | 4.06% | 4.19% | 3.77% | 2.14% | 2.34% | 2.51% | 1.95% | 2.33% | 1.92% | 3.45% | 2.95% | 54% | 76% | |
| ▸Returns on Capital · 6 ratios | |||||||||||||||
| ▸DuPont factors (ROE drivers) · 4 ratios | |||||||||||||||
| ▸Earnings quality · 7 ratios | |||||||||||||||
| ▸Liquidity & coverage · 8 ratios | |||||||||||||||
| ▸Leverage · 8 ratios | |||||||||||||||
| ▸Working capital · 3 ratios | |||||||||||||||
| ▸Capital allocation · 5 ratios | |||||||||||||||
| ▸Per share · 6 ratios | |||||||||||||||
The five drivers multiply to 11.4% vs reported ROE 11.7%. 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 | $4.35B | $4.68B | $5.97B | $5.84B | $6.28B | $6.55B | $8.24B | $9.17B | $9.64B | $9.90B | $11.76B | $12.64B |
| YoY % | +7.6% | +27.5% | -2.1% | +7.4% | +4.3% | +25.9% | +11.2% | +5.1% | +2.8% | +18.8% | +7.5% | |
| SG&A Expense | $143.0M | $116.0M | $116.0M | $155.0M | $151.0M | $161.0M | $185.0M | $215.0M | $226.0M | $266.0M | $307.0M | $293.0M |
| YoY % | -18.9% | 0.0% | +33.6% | -2.6% | +6.6% | +14.9% | +16.2% | +5.1% | +17.7% | +15.4% | -4.6% | |
| Total Operating Expenses | $1.64B | $1.59B | $2.34B | $2.26B | $2.40B | $2.53B | $3.00B | $3.70B | $3.65B | $4.29B | $4.97B | $5.00B |
| YoY % | -3.4% | +47.4% | -3.5% | +6.1% | +5.6% | +18.7% | +23.1% | -1.2% | +17.5% | +15.7% | +0.6% | |
| Operating Income | $1.45B | $1.75B | $2.17B | $2.38B | $2.58B | $2.67B | $3.03B | $3.45B | $3.64B | $3.69B | $4.31B | $4.93B |
| YoY % | +20.9% | +24.1% | +9.5% | +8.6% | +3.5% | +13.5% | +13.7% | +5.5% | +1.5% | +16.6% | +14.4% | |
| Interest Expense | — | — | — | — | — | — | — | — | $616.0M | $808.0M | $910.0M | $803.0M |
| YoY % | +31.2% | +12.6% | -11.8% | |||||||||
| Other Non-Operating Income | $55.0M | $0 | $46.0M | $326.0M | $159.0M | $58.0M | $80.0M | $2.67B | -$1.32B | -$311.0M | $88.0M | $101.0M |
| YoY % | -100.0% | +608.7% | -51.2% | -63.5% | +37.9% | +3238.8% | +14.8% | |||||
| Equity Method Income | $25.0M | $6.0M | $25.0M | $36.0M | $0 | $0 | $55.0M | $34.0M | -$1.34B | -$122.0M | -$62.0M | $79.0M |
| YoY % | -76.0% | +316.7% | +44.0% | -100.0% | -38.2% | |||||||
| Pretax Income | $1.41B | — | — | — | — | $2.48B | $2.77B | $5.70B | $1.81B | $2.89B | $3.63B | $4.35B |
| YoY % | +11.5% | +106.0% | -68.3% | +60.1% | +25.4% | +19.8% | ||||||
| Income Tax | $402.0M | $358.0M | $586.0M | -$28.0M | $500.0M | $521.0M | $658.0M | $1.63B | $310.0M | $456.0M | $826.0M | $976.0M |
| YoY % | -10.9% | +63.7% | +4.2% | +26.3% | +147.6% | -81.0% | +47.1% | +81.1% | +18.2% | |||
| Income from Continuing Operations | $970.0M | $1.27B | $1.42B | — | — | — | — | — | — | — | — | — |
| YoY % | +31.3% | +11.6% | ||||||||||
| Income from Discontinued Operations | $11.0M | $0 | $0 | — | — | — | — | — | — | — | — | — |
| YoY % | -100.0% | |||||||||||
| Net Income (incl. NCI) | $1.02B | $1.29B | $1.46B | $2.55B | $2.02B | $1.96B | $2.11B | $4.07B | $1.50B | $2.44B | $2.80B | $3.37B |
| YoY % | +27.5% | +12.5% | +75.3% | -20.9% | -3.0% | +7.6% | +93.0% | -63.2% | +62.8% | +14.9% | +20.3% | |
| Minority Interest (P&L) | -$35.0M | -$21.0M | -$27.0M | $28.0M | $32.0M | $27.0M | $19.0M | $11.0M | $52.0M | $70.0M | — | — |
| YoY % | +14.3% | -15.6% | -29.6% | -42.1% | +372.7% | +34.6% | ||||||
| Net Income | $981.0M | $1.27B | $1.43B | $2.53B | $1.99B | $1.93B | $2.09B | $4.06B | $1.45B | $2.37B | $2.75B | $3.31B |
| YoY % | +29.9% | +12.2% | +76.6% | -21.3% | -2.8% | +8.1% | +94.3% | -64.4% | +63.8% | +16.3% | +20.4% | |
| EPS (Basic) | $1.72 | $2.29 | $2.40 | $4.29 | $3.46 | $3.44 | $3.79 | $7.22 | $2.59 | $4.20 | $4.80 | $5.79 |
| YoY % | +33.1% | +4.8% | +78.8% | -19.3% | -0.6% | +10.2% | +90.5% | -64.1% | +62.2% | +14.3% | +20.6% | |
| EPS (Diluted) | $1.71 | $2.28 | $2.39 | $4.25 | $3.43 | $3.42 | $3.77 | $7.18 | $2.58 | $4.19 | $4.78 | $5.77 |
| YoY % | +33.3% | +4.8% | +77.8% | -19.3% | -0.3% | +10.2% | +90.5% | -64.1% | +62.4% | +14.1% | +20.7% | |
| Weighted Avg Shares (Basic) | 570.0M | 556.0M | 595.0M | 589.0M | 575.0M | 561.0M | 552.0M | 562.0M | 559.0M | 564.0M | 573.0M | 572.0M |
| YoY % | -2.5% | +7.0% | -1.0% | -2.4% | -2.4% | -1.6% | +1.8% | -0.5% | +0.9% | +1.6% | -0.2% | |
| Weighted Avg Shares (Diluted) | 573.0M | 559.0M | 599.0M | 594.0M | 579.0M | 565.0M | 555.0M | 565.0M | 561.0M | 565.0M | 576.0M | 575.0M |
| YoY % | -2.4% | +7.2% | -0.8% | -2.5% | -2.4% | -1.8% | +1.8% | -0.7% | +0.7% | +1.9% | -0.2% | |
| Dividends Declared per Share | $1 | $1 | $1 | $1 | $1 | $1 | $1 | $1 | $2 | $2 | $2 | $2 |
| YoY % | +11.5% | +17.2% | +17.6% | +20.0% | +14.6% | +9.1% | +10.0% | +15.2% | +10.5% | +7.1% | +6.7% |
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 | $1.52 | +15.2% | reported |
| FY20212021-12-31 | $1.32 | +10.0% | reported |
| FY20202020-12-31 | $1.20 | +9.1% | reported |
| FY20192019-12-31 | $1.10 | +14.6% | reported |
| FY20182018-12-31 | $0.96 | +20.0% | reported |
| FY20172017-12-31 | $0.80 | +17.6% | reported |
| FY20162016-12-31 | $0.68 | +17.2% | reported |
| Ex-date | Amount | Pay date | Freq | Source |
|---|---|---|---|---|
| 2026-06-15 | $0.5200 | 2026-06-30 | quarterly | licensed |
| 2026-03-17 | $0.5200 | 2026-03-31 | quarterly | licensed |
| 2025-12-16 | $0.4800 | 2025-12-31 | quarterly | licensed |
| 2025-09-16 | $0.4800 | 2025-09-30 | quarterly | licensed |
| 2025-06-13 | $0.4800 | 2025-06-30 | quarterly | licensed |
| 2025-03-17 | $0.4800 | — | quarterly | licensed |
| 2024-12-16 | $0.4500 | — | quarterly | licensed |
| 2024-09-16 | $0.4500 | — | quarterly | licensed |
