| Market Cap | $17.70B | |
| Enterprise Value | $25.20B | |
| Revenue | $2.16B | +5.1% |
| Gross Profit | — | — |
| EBITDA | $1.42B | +13.4% |
| Net Income | $616.8M | +42.3% |
| Diluted EPS | $2.25 | — |
| Free Cash Flow | $1.12B | — |
| DPS (FY2025) | $1.01 |
| Trailing yield | 3.85% |
| Payout ratio | 121.7% |
| Growth streak | 1 yr |
| 5y DPS growth | 13.3% |
| Fiscal year | DPS | YoY | Basis |
|---|---|---|---|
| FY20252025-12-31 | $1.01 | +4.1% | reported |
| FY20242024-12-31 | $0.97 | −4.9% | reported |
| FY20232023-12-31 | $1.02 | +21.4% |
| Ratio | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Trend · 12y | vs own | vs sector |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ▾Margins | |||||||||||||||
| Operating Margin | 31.22% | 29.45% | 33.62% | 35.89% | 50.00% | 41.21% | 31.44% | 31.09% | 32.73% | 35.82% | 30.88% | 36.02% | 79% | 72% | |
| EBITDA Margin | 58.70% | 58.97% | 63.97% | 65.94% | 76.65% | 65.19% | 58.76% | 60.06% | 61.96% | 64.26% | 60.52% | 65.32% | 79% | 73% | |
| NOPAT Margin | 31.22% | 18.95% | 17.20% | 35.89% | 49.80% | 41.21% | 31.41% | 30.95% | 0.00% | 32.43% | 28.65% | 35.94% | 79% | 74% | |
| Net Margin | 42.66% | 76.63% | 32.36% | 35.48% | 42.74% | 35.43% | 94.61% | 61.85% | 7.29% | 36.69% | 20.17% | 27.32% | 21% | 70% | |
| FCF Margin | — | — | — | — | — | — | — | — | — | — | — | 51.47% | — | 50% | 91% |
| FCFF Margin | — | — | — | — | — | — | — | — | — | — | — | 66.87% | — | 50% | 86% |
| OCF Margin | 63.32% | 42.31% | 50.57% | 51.15% | 54.77% | 50.36% | 55.76% | 45.35% | 49.84% | 60.09% | 49.37% | 52.33% | 63% | 76% | |
| Capex Intensity | — | — | — | — | — | — | — | — | — | — | — | 0.86% | — | 50% | 31% |
| ▸Returns on Capital · 5 ratios | |||||||||||||||
| ▸DuPont factors (ROE drivers) · 4 ratios | |||||||||||||||
| ▸Earnings quality · 7 ratios | |||||||||||||||
| ▸Liquidity & coverage · 6 ratios | |||||||||||||||
| ▸Leverage · 9 ratios | |||||||||||||||
| ▸Capital allocation · 5 ratios | |||||||||||||||
| ▸Per share · 6 ratios | |||||||||||||||
The five drivers multiply to 5.5% vs reported ROE 5.6%. 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 | $993.9M | $1.17B | $1.17B | $1.20B | $1.16B | $1.16B | $1.06B | $1.36B | $1.73B | $1.78B | $2.04B | $2.14B |
| YoY % | +17.4% | +0.3% | +2.6% | -3.0% | -0.5% | -8.7% | +29.0% | +26.6% | +3.2% | +14.2% | +5.1% | |
| SG&A Expense | $122.2M | $122.7M | $86.8M | $91.7M | $87.8M | $96.9M | $93.2M | $104.1M | $119.5M | $136.8M | $138.1M | $133.0M |
| YoY % | +0.4% | -29.3% | +5.6% | -4.2% | +10.4% | -3.8% | +11.7% | +14.8% | +14.5% | +1.0% | -3.7% | |
| Total Operating Expenses | $683.6M | $823.2M | $870.0M | $863.4M | $812.2M | $760.5M | $731.8M | $971.1M | $1.18B | $1.22B | $1.41B | $1.43B |
| YoY % | +20.4% | +5.7% | -0.8% | -5.9% | -6.4% | -3.8% | +32.7% | +21.2% | +3.6% | +15.5% | +1.6% | |
| Operating Income | $310.3M | $343.6M | $393.6M | $431.0M | $582.4M | $477.6M | $332.6M | $424.3M | $565.5M | $638.8M | $629.1M | $770.8M |
| YoY % | +10.7% | +14.6% | +9.5% | +35.1% | -18.0% | -30.4% | +27.6% | +33.3% | +13.0% | -1.5% | +22.5% | |
| Interest Expense | $203.8M | $218.9M | $192.5M | $192.0M | $183.3M | $177.4M | $186.9M | $204.1M | $226.8M | $250.2M | $307.8M | $330.2M |
| YoY % | +7.4% | -12.0% | -0.3% | -4.5% | -3.2% | +5.4% | +9.2% | +11.1% | +10.3% | +23.0% | +7.3% | |
| Other Non-Operating Income | -$8.5M | $5.2M | $5.4M | $2.6M | $16.5M | $11.0M | $4.1M | $19.8M | $28.8M | $28.0M | $28.1M | $2.0M |
| YoY % | +4.9% | -52.8% | +545.9% | -33.5% | -62.5% | +380.9% | +45.5% | -2.9% | +0.3% | -92.7% | ||
| Equity Method Income | $159.6M | $480.4M | $218.7M | $60.8M | $71.6M | — | — | $23.2M | $109.5M | $72.3M | $83.8M | $96.8M |
| YoY % | +201.1% | -54.5% | -72.2% | +17.9% | +372.6% | -34.0% | +15.9% | +15.5% | ||||
| Impairment of Real Estate | — | — | — | — | — | — | — | — | $2.3M | $14.0M | $4.5M | $9.5M |
| YoY % | +508.7% | -67.9% | +111.1% | |||||||||
| Pretax Income | $102.1M | $168.9M | $160.8M | $239.9M | $399.3M | $312.0M | $927.9M | $745.1M | $44.3M | $643.9M | $351.2M | $493.6M |
| YoY % | +65.4% | -4.8% | +49.1% | +66.5% | -21.9% | +197.4% | -19.7% | -94.1% | +1353.4% | -45.5% | +40.6% | |
| Income Tax | -$22.4M | $60.2M | $78.6M | -$880,000 | $1.6M | -$3.3M | $978,000 | $3.4M | $56.7M | $61.0M | $25.4M | $1.0M |
| YoY % | +30.5% | +245.6% | +1576.2% | +7.6% | -58.3% | -95.9% | ||||||
| Income from Continuing Operations | $316.8M | $831.3M | $332.6M | $372.5M | — | — | — | — | — | — | — | — |
| YoY % | +162.4% | -60.0% | +12.0% | |||||||||
| Income from Discontinued Operations | $51.0M | -$75,000 | — | — | — | — | — | — | — | — | — | — |
| Net Income (incl. NCI) | $435.9M | $900.1M | $386.1M | $439.7M | $498.5M | $413.6M | $1.00B | $849.7M | $114.5M | $665.9M | $419.4M | $592.8M |
| YoY % | +106.5% | -57.1% | +13.9% | +13.4% | -17.0% | +142.5% | -15.3% | -86.5% | +481.4% | -37.0% | +41.3% | |
| Minority Interest (P&L) | $11.9M | $6.0M | $7.3M | $13.6M | — | — | — | — | — | — | — | — |
| YoY % | -49.3% | +20.9% | +86.6% | |||||||||
| Net Income | $424.0M | $894.1M | $378.9M | $426.1M | $497.8M | $410.6M | $1.00B | $844.1M | $126.0M | $654.3M | $410.8M | $584.7M |
| YoY % | +110.9% | -57.6% | +12.5% | +16.8% | -17.5% | +143.7% | -15.7% | -85.1% | +419.4% | -37.2% | +42.3% | |
| Net Income to Common | $365.7M | $831.2M | $332.6M | $372.5M | $439.6M | $340.0M | $975.4M | $818.6M | $100.8M | $629.3M | $375.7M | $554.4M |
| YoY % | +127.3% | -60.0% | +12.0% | +18.0% | -22.7% | +186.9% | -16.1% | -87.7% | +524.5% | -40.3% | +47.6% | |
| EPS (Basic) | $0.89 | $2.01 | $0.79 | $0.87 | $1.02 | — | — | — | — | — | — | — |
| YoY % | +125.8% | -60.7% | +10.1% | +17.2% | ||||||||
| EPS (Diluted) | $0.89 | $2.00 | $0.79 | $0.87 | $1.02 | — | — | — | — | — | — | — |
| YoY % | +124.7% | -60.5% | +10.1% | +17.2% | ||||||||
| Weighted Avg Shares (Basic) | 409.1M | 411.3M | 418.4M | 423.6M | 420.6M | 420.4M | 429.9M | 506.2M | 615.5M | 616.9M | 671.6M | 675.0M |
| YoY % | +0.5% | +1.7% | +1.2% | -0.7% | -0.1% | +2.3% | +17.7% | +21.6% | +0.2% | +8.9% | +0.5% | |
| Weighted Avg Shares (Diluted) | 411.0M | 412.9M | 419.7M | 424.0M | 421.4M | 421.8M | 431.6M | 511.4M | 617.9M | 618.2M | 672.1M | 675.3M |
| YoY % | +0.4% | +1.7% | +1.0% | -0.6% | +0.1% | +2.3% | +18.5% | +20.8% | +0.1% | +8.7% | +0.5% | |
| Dividends Declared per Share | — | — | $1 | $1 | $1 | $1 | $1 | $1 | $1 | $1 | $1 | $1 |
| YoY % | +5.3% | +2.8% | 0.0% | -51.8% | +25.9% | +23.5% | +21.4% | -4.9% | +4.1% |
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.
| reported |
| FY20222022-12-31 | $0.84 | +23.5% | reported |
| FY20212021-12-31 | $0.68 | +25.9% | reported |
| FY20202020-12-31 | $0.54 | −51.8% | reported |
| FY20192019-12-31 | $1.12 | +0.0% | reported |
| FY20182018-12-31 | $1.12 | +2.8% | reported |
| FY20172017-12-31 | $1.09 | +5.3% | reported |
| FY20162016-12-31 | $1.03 | — | reported |
| Ex-date | Amount | Pay date | Freq | Source |
|---|---|---|---|---|
| 2026-06-05 | $0.2600 | 2026-06-18 | quarterly | licensed |
| 2026-03-06 | $0.2600 | 2026-03-19 | quarterly | licensed |
| 2025-12-05 | $0.2600 | 2025-12-19 | quarterly | licensed |
| 2025-09-05 | $0.2500 | — | quarterly | licensed |
| 2025-06-06 | $0.2500 | 2025-06-20 | quarterly | licensed |
| 2025-03-07 | $0.2500 | — | quarterly | licensed |
| 2024-12-05 | $0.2500 | — | quarterly | licensed |
| 2024-09-05 | $0.2400 | — | quarterly | licensed |
