| Market Cap | $41.32B | |
| Enterprise Value | $54.90B | |
| Revenue | $16.63B | +5.9% |
| Gross Profit | — | — |
| EBITDA | $3.37B | +0.3% |
| Net Income | $1.39B | −0.9% |
| Diluted EPS | $7.84 | +4.7% |
| Free Cash Flow | $2.12B | −3.0% |
| Ratio | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Trend · 12y | vs own | vs sector |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ▾Margins | |||||||||||||||
| Operating Margin | 10.81% | 11.26% | 8.37% | 6.83% | 7.12% | 7.01% | 6.44% | 10.04% | 12.48% | 13.19% | 14.29% | 13.38% | 88% | 51% | |
| EBITDA Margin | 13.02% | 13.49% | 12.58% | 17.21% | 18.08% | 17.85% | 17.77% | 19.15% | 20.33% | 20.70% | 21.53% | 20.39% | 79% | 57% | |
| NOPAT Margin | 7.59% | 7.94% | 1.83% | 6.83% | 5.84% | 4.70% | 5.19% | 8.59% | 10.10% | 12.28% | 11.72% | 11.26% | 79% | 55% | |
| Net Margin | 6.54% | 6.75% | 1.05% | 13.11% | 2.49% | 1.72% | 2.46% | 6.96% | 7.57% | 9.06% | 8.91% | 8.34% | 71% | 52% | |
| FCF Margin | — | — | 10.12% | 6.17% | 7.64% | 7.53% | 11.82% | 16.59% | 11.01% | 10.01% | 13.72% | 12.58% | 75% | 46% | |
| FCFF Margin | — | — | 10.58% | 9.72% | 10.90% | 10.23% | 14.78% | 18.90% | 13.34% | 14.19% | 17.29% | 16.34% | 75% | 34% | |
| OCF Margin | — | — | 12.50% | 9.96% | 12.04% | 12.78% | 17.25% | 21.21% | 15.68% | 14.34% | 17.63% | 16.27% | 65% | 43% | |
| Capex Intensity | 1.52% | 1.36% | 2.38% | 3.79% | 4.41% | 5.25% | 5.42% | 4.61% | 4.68% | 4.33% | 3.91% | 3.70% | 29% | 66% | |
| ▸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 · 2 ratios | |||||||||||||||
| ▸Per share · 6 ratios | |||||||||||||||
| ▸Other · 1 ratios | |||||||||||||||
The five drivers multiply to 22.0% vs reported ROE 21.6%. 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 | $5.46B | $5.74B | $6.88B | $9.74B | $10.41B | $11.09B | $11.36B | $13.87B | $14.41B | $14.98B | $15.40B | $16.31B |
| YoY % | +5.1% | +19.9% | +41.6% | +6.9% | +6.5% | +2.4% | +22.1% | +3.9% | +4.0% | +2.8% | +5.9% | |
| R&D Expense | $5.8M | $3.3M | — | — | — | — | — | — | — | — | — | — |
| YoY % | -42.4% | |||||||||||
| SG&A Expense | $781.0M | $815.0M | $1.02B | $1.62B | $1.72B | $1.73B | $1.79B | $1.96B | $2.07B | $2.05B | $1.99B | $2.00B |
| YoY % | +4.4% | +24.7% | +59.6% | +5.8% | +1.0% | +3.2% | +9.8% | +5.4% | -0.9% | -3.0% | +0.4% | |
| Operating Income | $590.0M | $646.0M | $576.0M | $665.0M | $741.0M | $777.0M | $731.0M | $1.39B | $1.80B | $1.98B | $2.20B | $2.18B |
| YoY % | +9.5% | -10.8% | +15.5% | +11.4% | +4.9% | -5.9% | +90.6% | +29.1% | +9.9% | +11.4% | -0.9% | |
| Interest Expense | $101.0M | $101.0M | $144.0M | $346.0M | $414.0M | $447.0M | $416.0M | $375.0M | $416.0M | $672.0M | $670.0M | $729.0M |
| YoY % | 0.0% | +42.6% | +140.3% | +19.7% | +8.0% | -6.9% | -9.9% | +10.9% | +61.5% | -0.3% | +8.8% | |
| Interest & Investment Income | $4.0M | $4.0M | $4.0M | $7.0M | $8.0M | $9.0M | $6.0M | $6.0M | $13.0M | $36.0M | $47.0M | $45.0M |
| YoY % | 0.0% | 0.0% | +75.0% | +14.3% | +12.5% | -33.3% | 0.0% | +116.7% | +176.9% | +30.6% | -4.3% | |
| Other Non-Operating Income | $8.0M | -$2.0M | $11.0M | -$13.0M | -$5.0M | $37.0M | $65.0M | $130.0M | -$33.0M | $124.0M | $90.0M | $99.0M |
| YoY % | +75.7% | +100.0% | -27.4% | +10.0% | ||||||||
| Equity Method Income | $5.0M | $8.0M | -$4.0M | $10.0M | $15.0M | -$9.0M | $7.0M | $6.0M | -$12.0M | $0 | $5.0M | $22.0M |
| YoY % | +60.0% | +50.0% | -14.3% | +340.0% | ||||||||
| Impairment of Real Estate | — | — | — | — | — | — | $0 | $0 | $0 | $0 | $0 | $0 |
| Pretax Income | $501.0M | $539.0M | $416.0M | $294.0M | $328.0M | $352.0M | $373.0M | $1.13B | $1.36B | $1.46B | $1.67B | $1.59B |
| YoY % | +7.6% | -22.8% | -29.3% | +11.6% | +7.3% | +6.0% | +202.4% | +20.8% | +7.0% | +14.4% | -4.7% | |
| Income Tax | $149.0M | $159.0M | $325.0M | -$992.0M | $59.0M | $116.0M | $72.0M | $163.0M | $260.0M | $101.0M | $301.0M | $252.0M |
| YoY % | +6.7% | +104.4% | +96.6% | -37.9% | +126.4% | +59.5% | -61.2% | +198.0% | -16.3% | |||
| Net Income (incl. NCI) | $357.0M | $388.0M | $87.0M | $1.30B | $284.0M | $227.0M | $308.0M | $971.0M | $1.09B | $1.36B | $1.37B | $1.36B |
| YoY % | +8.7% | -77.6% | +1389.7% | -78.1% | -20.1% | +35.7% | +215.3% | +12.4% | +24.5% | +1.1% | -0.9% | |
| Minority Interest (P&L) | $118,000 | $1.0M | $15.0M | $19.0M | $25.0M | $36.0M | $29.0M | $5.0M | $0 | $0 | $0 | $1.0M |
| YoY % | +747.5% | +1400.0% | +26.7% | +31.6% | +44.0% | -19.4% | -82.8% | -100.0% | ||||
| Net Income | $357.0M | $387.0M | $72.0M | $1.28B | $259.0M | $191.0M | $279.0M | $966.0M | $1.09B | $1.36B | $1.37B | $1.36B |
| YoY % | +8.4% | -81.4% | +1673.6% | -79.7% | -26.3% | +46.1% | +246.2% | +12.9% | +24.5% | +1.1% | -0.9% | |
| EPS (Basic) | $2.78 | $3.15 | $0.48 | $5.86 | $1.27 | $0.98 | $1.46 | $5.05 | $5.82 | $7.39 | $7.57 | $7.91 |
| YoY % | +13.3% | -84.8% | +1120.8% | -78.3% | -22.8% | +49.0% | +245.9% | +15.2% | +27.0% | +2.4% | +4.5% | |
| EPS (Diluted) | $2.72 | $3.08 | $0.47 | $5.74 | $1.24 | $0.96 | $1.43 | $4.95 | $5.72 | $7.29 | $7.49 | $7.84 |
| YoY % | +13.2% | -84.7% | +1121.3% | -78.4% | -22.6% | +49.0% | +246.2% | +15.6% | +27.4% | +2.7% | +4.7% | |
| Weighted Avg Shares (Basic) | 128.0M | 123.0M | 149.1M | 217.8M | 203.7M | 195.1M | 191.3M | 191.4M | 187.6M | 183.8M | 181.3M | 171.9M |
| YoY % | -3.9% | +21.2% | +46.1% | -6.5% | -4.2% | -1.9% | +0.1% | -2.0% | -2.0% | -1.4% | -5.2% | |
| Weighted Avg Shares (Diluted) | 131.1M | 125.6M | 152.0M | 222.6M | 208.2M | 199.6M | 195.0M | 195.0M | 190.6M | 186.3M | 183.4M | 173.5M |
| YoY % | -4.2% | +21.0% | +46.4% | -6.5% | -4.1% | -2.3% | 0.0% | -2.3% | -2.3% | -1.6% | -5.4% |
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.
