| Market Cap | $50.71B | |
| Enterprise Value | $50.83B | |
| Revenue | $6.09B | +8.0% |
| Gross Profit | $3.88B | +6.5% |
| EBITDA | $1.45B | +4.3% |
| Net Income | $1.05B | +38.4% |
| Diluted EPS | $4.91 | +39.9% |
| Free Cash Flow | $1.36B | +42.7% |
| Ratio | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Trend · 12y | vs own | vs sector |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ▾Margins | |||||||||||||||
| Gross Margin | — | — | 55.65% | 53.21% | 54.44% | 58.89% | 60.01% | 62.11% | 63.65% | 64.64% | 62.92% | 62.08% | 55% | 66% | |
| Operating Margin | 15.99% | 15.09% | 13.91% | 4.64% | −10.16% | 16.52% | 18.12% | 21.86% | 24.61% | 24.85% | 16.73% | 16.30% | 46% | 82% | |
| EBITDA Margin | 18.85% | 18.56% | 18.51% | 11.70% | −2.24% | 23.63% | 25.80% | 27.75% | 28.67% | 28.70% | 22.03% | 21.28% | 46% | 81% | |
| NOPAT Margin | 13.78% | 15.09% | 13.12% | 4.04% | −10.16% | 14.35% | 14.93% | 19.35% | 21.53% | 19.36% | 11.88% | 13.09% | 29% | 80% | |
| Net Margin | — | — | — | — | — | — | — | — | 20.74% | 19.34% | 12.33% | 15.81% | 38% | 82% | |
| FCF Margin | 16.81% | 9.94% | 11.27% | 8.03% | 10.91% | 20.40% | 21.30% | 23.23% | 17.69% | 22.16% | 18.04% | 23.83% | 96% | 85% | |
| FCFF Margin | 16.90% | 11.55% | 12.79% | 10.21% | 13.05% | 22.02% | 22.82% | 24.65% | 18.97% | 23.28% | 19.23% | 25.27% | 96% | 75% | |
| OCF Margin | 19.20% | 13.17% | 14.39% | 10.29% | 14.31% | 23.19% | 24.07% | 26.76% | 21.11% | 25.77% | 21.13% | 26.21% | 88% | 83% | |
| Gross Profitability | — | — | 42.78% | 28.60% | 36.25% | 38.26% | 35.09% | 39.44% | 42.60% | 40.68% | 33.80% | 29.53% | 15% | 56% | |
| Capex Intensity | 2.39% | 3.22% | 3.12% | 2.26% | 3.40% | 2.79% | 2.77% | 3.52% | 3.41% | 3.61% | 3.09% | 2.38% | 13% | 57% | |
| ▸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 15.9% vs reported ROE 15.5%. 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 | $2.93B | $2.86B | $2.92B | $3.19B | $3.88B | $4.30B | $4.22B | $4.94B | $5.42B | $5.46B | $4.98B | $5.38B |
| YoY % | -2.6% | +2.2% | +9.3% | +21.6% | +11.0% | -1.9% | +17.1% | +9.7% | +0.8% | -8.9% | +8.0% | |
| Cost of Revenue | — | — | $1.29B | $1.49B | $1.77B | $1.77B | $1.69B | $1.87B | $1.97B | $1.93B | $1.85B | $2.04B |
| YoY % | +15.3% | +18.4% | +0.1% | -4.6% | +10.9% | +5.2% | -1.9% | -4.5% | +10.4% | |||
| R&D Expense | $361.0M | $387.0M | $425.0M | $507.0M | $624.0M | $688.0M | $715.0M | $811.0M | $841.0M | $882.0M | $919.0M | $1.01B |
| YoY % | +7.2% | +9.8% | +19.3% | +23.1% | +10.3% | +3.9% | +13.4% | +3.7% | +4.9% | +4.2% | +9.6% | |
| SG&A Expense | $790.0M | $787.0M | $818.0M | $1.06B | $1.21B | $1.16B | $1.10B | $1.20B | $1.28B | $1.31B | $1.40B | $1.47B |
| YoY % | -0.4% | +3.9% | +29.3% | +13.9% | -4.1% | -5.0% | +8.9% | +7.4% | +1.9% | +6.7% | +5.7% | |
| Total Operating Expenses | $2.46B | $2.42B | $2.51B | $3.04B | $4.27B | $3.59B | $3.46B | $3.86B | $4.09B | $4.11B | $4.15B | $4.50B |
| YoY % | -1.6% | +3.6% | +21.1% | +40.5% | -15.9% | -3.8% | +11.7% | +5.8% | +0.5% | +1.0% | +8.5% | |
| Operating Income | $469.0M | $431.0M | $406.0M | $148.0M | -$394.0M | $711.0M | $765.0M | $1.08B | $1.33B | $1.36B | $833.0M | $876.0M |
| YoY % | -8.1% | -5.8% | -63.5% | +7.6% | +41.2% | +23.5% | +1.8% | -38.7% | +5.2% | |||
| Interest Expense | $3.0M | $46.0M | $47.0M | $80.0M | $83.0M | $80.0M | $78.0M | $79.0M | $79.0M | $78.0M | $84.0M | $96.0M |
| YoY % | +1433.3% | +2.2% | +70.2% | +3.8% | -3.6% | -2.5% | +1.3% | 0.0% | -1.3% | +7.7% | +14.3% | |
| Interest & Investment Income | $0 | $1.0M | $3.0M | $7.0M | $12.0M | $23.0M | $11.0M | $3.0M | $16.0M | $102.0M | $81.0M | $102.0M |
| YoY % | +200.0% | +133.3% | +71.4% | +91.7% | -52.2% | -72.7% | +433.3% | +537.5% | -20.6% | +25.9% | ||
| Other Non-Operating Income | $9.0M | $2.0M | $4.0M | $104.0M | $54.0M | $61.0M | $63.0M | $6.0M | $14.0M | -$25.0M | $35.0M | $200.0M |
| YoY % | -77.8% | +100.0% | +2500.0% | -48.1% | +13.0% | +3.3% | -90.5% | +133.3% | +471.4% | |||
| Impairment of Real Estate | — | — | — | — | — | — | — | $0 | $1.0M | $0 | $0 | $0 |
| YoY % | -100.0% | |||||||||||
| Pretax Income | $601.0M | $559.0M | $546.0M | $598.0M | $735.0M | $715.0M | $761.0M | $1.01B | $1.28B | $1.36B | $865.0M | $1.08B |
| YoY % | -7.0% | -2.3% | +9.5% | +22.9% | -2.7% | +6.4% | +32.7% | +27.2% | +5.6% | -36.3% | +25.1% | |
| Income Tax | $83.0M | -$125.0M | $31.0M | $77.0M | -$576.0M | $94.0M | $134.0M | $116.0M | $161.0M | $300.0M | $251.0M | $213.0M |
| YoY % | +148.4% | +42.6% | -13.4% | +38.8% | +86.3% | -16.3% | -15.1% | |||||
| Income from Continuing Operations | — | — | — | — | — | — | — | — | — | $1.06B | $614.0M | $869.0M |
| YoY % | -41.9% | +41.5% | ||||||||||
| Net Income (incl. NCI) | $392.0M | $513.0M | $335.0M | $102.0M | $165.0M | $621.0M | $627.0M | $894.0M | $1.12B | $1.06B | $618.0M | — |
| YoY % | +30.9% | -34.7% | -69.6% | +61.8% | +276.4% | +1.0% | +42.6% | +25.7% | -6.0% | -41.5% | ||
| Net Income | — | — | — | — | — | — | — | — | $1.12B | $1.06B | $614.0M | $850.0M |
| YoY % | -6.0% | -41.9% | +38.4% | |||||||||
| EPS (Basic) | $2.35 | $3.04 | $1.97 | $0.57 | $0.88 | $3.31 | $3.35 | $4.84 | $6.23 | $5.95 | $3.53 | $4.93 |
| YoY % | +29.4% | -35.2% | -71.1% | +54.4% | +276.1% | +1.2% | +44.5% | +28.7% | -4.5% | -40.7% | +39.7% | |
| EPS (Diluted) | $2.35 | $3.00 | $1.95 | $0.56 | $0.86 | $3.25 | $3.31 | $4.78 | $6.18 | $5.91 | $3.51 | $4.91 |
| YoY % | +27.7% | -35.0% | -71.3% | +53.6% | +277.9% | +1.8% | +44.4% | +29.3% | -4.4% | -40.6% | +39.9% | |
| Weighted Avg Shares (Basic) | 167.0M | 169.0M | 170.0M | 180.0M | 187.0M | 188.0M | 187.0M | 185.0M | 180.0M | 178.0M | 174.0M | 172.0M |
| YoY % | +1.2% | +0.6% | +5.9% | +3.9% | +0.5% | -0.5% | -1.1% | -2.7% | -1.1% | -2.2% | -1.1% | |
| Weighted Avg Shares (Diluted) | 167.0M | 171.0M | 172.0M | 182.0M | 191.0M | 191.0M | 189.0M | 187.0M | 182.0M | 179.0M | 175.0M | 173.0M |
| YoY % | +2.4% | +0.6% | +5.8% | +4.9% | 0.0% | -1.0% | -1.1% | -2.7% | -1.6% | -2.2% | -1.1% |
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.
