| Market Cap | $127.82B | |
| Enterprise Value | — | |
| Revenue | $12.01B | +21.5% |
| Gross Profit | $7.36B | +17.9% |
| EBITDA | $3.76B | +26.9% |
| Net Income | $3.14B | +23.0% |
| Diluted EPS | $7.87 | +22.6% |
| Free Cash Flow | $3.22B | +91.0% |
| Ratio | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Trend · 12y | vs own | vs sector |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ▾Margins | |||||||||||||||
| Gross Margin | — | — | 69.92% | 70.08% | 70.33% | 70.16% | 66.99% | 70.74% | 69.29% | 68.59% | 69.82% | 68.71% | 25% | 88% | |
| Operating Margin | 25.56% | 31.04% | 35.12% | 33.97% | 31.77% | 29.98% | 23.15% | 30.42% | 23.90% | 23.17% | 26.08% | 26.93% | 46% | 93% | |
| EBITDA Margin | 29.05% | 34.62% | 38.40% | 37.01% | 34.95% | 34.34% | 29.12% | 35.55% | 29.26% | 28.45% | 31.14% | 32.53% | 46% | 90% | |
| NOPAT Margin | — | — | — | — | — | 27.57% | 20.46% | 27.81% | 20.00% | 21.50% | 22.80% | 23.39% | 64% | 93% | |
| Net Margin | 19.65% | 24.69% | 27.30% | 21.44% | 29.87% | 30.08% | 23.39% | 28.47% | 20.04% | 23.58% | 25.79% | 26.11% | 63% | 95% | |
| FCF Margin | 26.25% | 30.41% | 38.20% | 30.46% | 26.01% | 25.57% | 25.21% | 29.23% | 14.52% | 9.83% | 14.48% | 22.77% | 29% | 93% | |
| OCF Margin | 31.20% | 33.81% | 40.19% | 36.56% | 30.98% | 34.85% | 32.74% | 34.90% | 22.59% | 23.79% | 26.81% | 27.70% | 29% | 92% | |
| Gross Profitability | 35.71% | 32.15% | 29.18% | 38.12% | 33.19% | 31.95% | 25.62% | 29.20% | 32.34% | 30.63% | 30.06% | 32.47% | 71% | 72% | |
| Capex Intensity | 4.95% | 3.40% | 1.99% | 6.09% | 4.96% | 9.28% | 7.53% | 5.67% | 8.07% | 13.96% | 12.34% | 4.93% | 21% | 68% | |
| ▸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 16.7% vs reported ROE 16.7%. 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 | $2.13B | $2.38B | $2.70B | $3.13B | $3.78B | $4.59B | $4.54B | $5.99B | $6.60B | $7.62B | $9.01B | $10.94B |
| YoY % | +11.9% | +13.4% | +15.7% | +20.7% | +21.4% | -1.1% | +32.0% | +10.2% | +15.5% | +18.1% | +21.5% | |
| Cost of Revenue | — | — | $813.6M | $936.2M | $1.12B | $1.37B | $1.50B | $1.75B | $2.03B | $2.39B | $2.72B | $3.42B |
| YoY % | +15.1% | +19.6% | +22.2% | +9.4% | +17.0% | +15.7% | +18.2% | +13.5% | +25.9% | |||
| Gross Profit | $1.41B | $1.58B | $1.89B | $2.20B | $2.60B | $3.11B | $2.86B | $3.96B | $4.20B | $4.73B | $5.63B | $6.64B |
| YoY % | +11.6% | +20.0% | +16.3% | +18.3% | +19.4% | -8.0% | +38.4% | +6.0% | +12.7% | +19.1% | +17.9% | |
| R&D Expense | $178.0M | $197.4M | $239.6M | $328.6M | $418.1M | $557.3M | $595.1M | $671.0M | $879.0M | $998.8M | $1.15B | $1.31B |
| YoY % | +10.9% | +21.4% | +37.1% | +27.2% | +33.3% | +6.8% | +12.8% | +31.0% | +13.6% | +14.7% | +14.5% | |
| SG&A Expense | $691.0M | $640.5M | $703.6M | $810.5M | $986.6M | $1.18B | $1.22B | $1.47B | $1.74B | $1.96B | $2.14B | $2.38B |
| YoY % | -7.3% | +9.9% | +15.2% | +21.7% | +19.4% | +3.2% | +20.6% | +18.6% | +12.9% | +9.0% | +11.4% | |
| Total Operating Expenses | $869.0M | $837.9M | $943.2M | $1.14B | $1.40B | $1.74B | $1.81B | $2.14B | $2.62B | $2.96B | $3.29B | $3.70B |
| YoY % | -3.6% | +12.6% | +20.8% | +23.3% | +23.6% | +4.4% | +18.0% | +22.5% | +13.1% | +10.9% | +12.5% | |
| Operating Income | $544.8M | $740.0M | $949.7M | $1.06B | $1.20B | $1.37B | $1.05B | $1.82B | $1.58B | $1.77B | $2.35B | $2.95B |
| YoY % | +35.8% | +28.3% | +11.9% | +12.8% | +14.6% | -23.6% | +73.5% | -13.4% | +12.0% | +32.9% | +25.4% | |
| Other Non-Operating Income | $4.2M | $18.5M | $35.6M | $41.9M | $80.1M | $127.7M | $157.2M | $69.3M | $29.7M | $192.1M | $324.9M | $365.9M |
| YoY % | +340.5% | +92.4% | +17.7% | +91.2% | +59.4% | +23.1% | -55.9% | -57.1% | +546.8% | +69.1% | +12.6% | |
| Impairment of Real Estate | — | — | — | — | — | — | — | — | — | $0 | $0 | $0 |
| Pretax Income | — | — | — | — | — | $1.50B | $1.21B | $1.89B | $1.61B | $1.96B | $2.67B | $3.31B |
| YoY % | -19.7% | +56.6% | -15.0% | +21.9% | +36.5% | +23.8% | ||||||
| Income Tax | $130.2M | $169.7M | $247.0M | $433.9M | $154.5M | $120.4M | $140.2M | $162.2M | $262.4M | $141.6M | $336.3M | $434.8M |
| YoY % | +30.3% | +45.6% | +75.7% | -64.4% | -22.1% | +16.4% | +15.7% | +61.8% | -46.0% | +137.5% | +29.3% | |
| Net Income (incl. NCI) | — | — | $738.3M | $670.9M | $1.13B | $1.38B | $1.07B | $1.73B | $1.34B | $1.82B | $2.34B | $2.88B |
| YoY % | -9.1% | +67.7% | +22.8% | -22.8% | +62.0% | -22.2% | +35.2% | +28.6% | +23.1% | |||
| Minority Interest (P&L) | — | — | — | -$400,000 | -$2.9M | $2.5M | $6.2M | $23.5M | $22.1M | $19.3M | $14.9M | $20.6M |
| YoY % | +148.0% | +279.0% | -6.0% | -12.7% | -22.8% | +38.3% | ||||||
| Net Income | $418.8M | $588.8M | $738.3M | $670.9M | $1.13B | $1.38B | $1.06B | $1.70B | $1.32B | $1.80B | $2.32B | $2.86B |
| YoY % | +40.6% | +25.4% | -9.1% | +68.1% | +22.3% | -23.1% | +60.7% | -22.4% | +36.0% | +29.2% | +23.0% | |
| EPS (Basic) | $11.35 | $5.29 | $6.43 | $6.01 | $9.92 | $3.98 | $3.02 | $4.79 | $3.72 | $5.12 | $6.54 | $8.00 |
| YoY % | -53.4% | +21.6% | -6.5% | +65.1% | -59.9% | -24.1% | +58.6% | -22.3% | +37.6% | +27.7% | +22.3% | |
| EPS (Diluted) | $11.11 | $5.18 | $6.26 | $5.77 | $9.49 | $3.85 | $2.94 | $4.66 | $3.65 | $5.03 | $6.42 | $7.87 |
| YoY % | -53.4% | +20.8% | -7.8% | +64.5% | -59.4% | -23.6% | +58.5% | -21.7% | +37.8% | +27.6% | +22.6% | |
| Weighted Avg Shares (Basic) | 36.9M | 111.3M | 114.9M | 111.7M | 113.7M | 346.2M | 351.1M | 356.1M | 355.7M | 351.2M | 355.2M | 356.9M |
| YoY % | +201.6% | +3.2% | -2.8% | +1.8% | +204.5% | +1.4% | +1.4% | -0.1% | -1.3% | +1.1% | +0.5% | |
| Weighted Avg Shares (Diluted) | 37.7M | 113.7M | 117.9M | 116.3M | 118.8M | 358.4M | 361.0M | 365.8M | 362.0M | 357.4M | 362.0M | 362.7M |
| YoY % | +201.6% | +3.7% | -1.4% | +2.1% | +201.7% | +0.7% | +1.3% | -1.0% | -1.3% | +1.3% | +0.2% |
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.
