| Market Cap | $21.58B | |
| Enterprise Value | $23.69B | |
| Revenue | $32.74B | −3.5% |
| Gross Profit | $4.75B | — |
| EBITDA | — | — |
| Net Income | $1.62B | −47.2% |
| Diluted EPS | — | — |
| Free Cash Flow | $716.8M | −98.7% |
| DPS (FY2025) | — |
| Trailing yield | — |
| Payout ratio | 25.1% |
| Growth streak | — |
| 5y DPS growth | 65.7% |
| Fiscal year | DPS | YoY | Basis |
|---|---|---|---|
| FY20252025-11-30 | — | — | reported |
| FY20242024-11-30 | $2.02 | +32.8% | derived (paid ÷ diluted shares) |
| FY20232023-11-30 | $1.52 |
| Ratio | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Trend · 12y | vs own | vs sector |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ▾Margins | |||||||||||||||
| Operating Margin | 14.74% | 15.05% | 14.27% | 11.67% | 11.97% | 12.47% | 15.48% | — | — | — | — | — | — | — | |
| EBITDA Margin | 15.24% | 15.51% | 14.73% | 12.19% | 12.42% | 12.88% | 15.90% | — | — | — | — | — | — | — | |
| NOPAT Margin | 9.56% | 10.19% | 9.80% | 7.57% | 9.09% | 9.44% | 12.23% | — | — | — | — | — | — | — | |
| Net Margin | 8.21% | 8.47% | 8.33% | 6.41% | 8.24% | 8.31% | 10.96% | 16.33% | 13.70% | 11.50% | 11.10% | 6.08% | 4% | 62% | |
| FCF Margin | −10.43% | −5.39% | 3.94% | 6.88% | 7.59% | 6.27% | 18.31% | 9.10% | 9.53% | 14.84% | 6.30% | 0.08% | 21% | 27% | |
| FCFF Margin | −10.12% | −5.30% | 3.97% | — | — | — | — | — | — | — | — | — | — | — | |
| OCF Margin | −10.14% | −4.43% | 4.64% | 7.77% | 8.22% | 6.66% | 18.64% | 9.34% | 9.70% | 15.13% | 6.78% | 0.63% | 21% | 19% | |
| Capex Intensity | 0.29% | 0.96% | 0.70% | 0.88% | 0.63% | 0.39% | 0.32% | 0.24% | 0.17% | 0.29% | 0.48% | 0.55% | 63% | 16% | |
| ▸Returns on Capital · 4 ratios | |||||||||||||||
| ▸DuPont factors (ROE drivers) · 4 ratios | |||||||||||||||
| ▸Earnings quality · 7 ratios | |||||||||||||||
| ▸Liquidity & coverage · 6 ratios | |||||||||||||||
| ▸Leverage · 9 ratios | |||||||||||||||
| ▸Capital allocation · 5 ratios | |||||||||||||||
| ▸Per share · 3 ratios | |||||||||||||||
The five drivers multiply to 13.8% vs reported ROE 14.5%. 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 | $7.78B | $9.47B | $10.95B | $12.65B | $20.57B | $22.26B | $22.49B | $27.13B | $33.67B | $34.23B | $35.44B | $34.19B |
| YoY % | +21.8% | +15.6% | +15.5% | +62.7% | +8.2% | +1.0% | +20.6% | +24.1% | +1.7% | +3.5% | -3.5% | |
| SG&A Expense | — | — | — | — | — | — | — | — | — | $2.23B | $2.48B | $2.68B |
| YoY % | +11.2% | +8.0% | ||||||||||
| Total Operating Expenses | $6.86B | $8.39B | $9.69B | $11.31B | $18.73B | $19.80B | $19.37B | $22.05B | — | $28.87B | $30.67B | $31.52B |
| YoY % | +22.3% | +15.5% | +16.7% | +65.7% | +5.7% | -2.1% | +13.8% | +6.3% | +2.8% | |||
| Operating Income | $1.15B | $1.43B | $1.56B | $1.48B | $2.46B | $2.78B | $3.48B | — | — | — | — | — |
| YoY % | +24.3% | +9.6% | -5.6% | +66.9% | +12.7% | +25.5% | ||||||
| Interest Expense | $36.6M | $12.5M | $4.6M | — | — | — | — | — | — | — | — | — |
| YoY % | -65.9% | -62.9% | ||||||||||
| Other Non-Operating Income | — | — | — | — | — | — | — | $180.8M | -$15.3M | $30.5M | $225.9M | -$62.4M |
| YoY % | +640.1% | |||||||||||
| Equity Method Income | $73.4M | $105.2M | $55.2M | $49.5M | -$30.5M | $2.5M | -$22.1M | $49.0M | -$36.3M | -$144.6M | $164.1M | $78.2M |
| YoY % | +43.3% | -47.5% | -10.4% | -52.3% | ||||||||
| Impairment of Real Estate | — | — | — | — | — | — | — | — | — | $36.8M | — | $23.2M |
| Pretax Income | $969.8M | $1.21B | $1.33B | $1.19B | $2.26B | $2.43B | $3.12B | $5.82B | $6.01B | $5.20B | $5.18B | $2.81B |
| YoY % | +24.7% | +10.0% | -10.6% | +90.2% | +7.6% | +28.3% | +86.3% | +3.4% | -13.5% | -0.3% | -45.7% | |
| Income Tax | $341.1M | $390.4M | $417.4M | $417.9M | $545.2M | $592.2M | $656.2M | $1.36B | $1.37B | $1.24B | $1.22B | $705.6M |
| YoY % | +14.5% | +6.9% | +0.1% | +30.5% | +8.6% | +10.8% | +107.6% | +0.3% | -9.2% | -1.9% | -42.0% | |
| Net Income (incl. NCI) | $628.7M | $819.2M | $913.1M | $771.8M | $1.72B | $1.84B | $2.47B | $4.46B | $4.65B | $3.96B | $3.97B | $2.11B |
| YoY % | +30.3% | +11.5% | -15.5% | +122.5% | +7.3% | +34.0% | +80.6% | +4.3% | -14.8% | +0.2% | -46.9% | |
| Minority Interest (P&L) | -$10.2M | $16.3M | $1.2M | -$38.7M | $21.7M | -$6.9M | $2.5M | $26.4M | $34.4M | $22.8M | $35.1M | $30.1M |
| YoY % | -92.4% | +950.4% | +30.0% | -33.7% | +54.2% | -14.2% | ||||||
| Net Income | $638.9M | $802.9M | $911.8M | $810.5M | $1.70B | $1.85B | $2.47B | $4.43B | $4.61B | $3.94B | $3.93B | $2.08B |
| YoY % | +25.7% | +13.6% | -11.1% | +109.2% | +9.0% | +33.3% | +79.7% | +4.2% | -14.6% | -0.2% | -47.2% | |
| Net Income to Common | $631.1M | $794.2M | $902.7M | $802.7M | $1.68B | $1.83B | $2.44B | $4.38B | $4.56B | $3.89B | $3.89B | $2.06B |
| YoY % | +25.8% | +13.7% | -11.1% | +109.4% | +9.0% | +32.9% | +79.6% | +4.2% | -14.7% | +0.1% | -47.1% | |
| Preferred Dividends | $414,000 | $361,000 | $337,000 | $377,000 | $429,000 | $420,000 | $1.7M | $2.7M | $4.5M | $5.5M | $5.0M | $5.1M |
| YoY % | -12.8% | -6.6% | +11.9% | +13.8% | -2.1% | +294.8% | +62.2% | +66.2% | +23.3% | -9.7% | +1.8% | |
| EPS (Basic) | $3.12 | $3.78 | $4.05 | $3.38 | $5.46 | $5.76 | $7.88 | $14.28 | $15.74 | $13.73 | $14.31 | $7.98 |
| YoY % | +21.2% | +7.1% | -16.5% | +61.5% | +5.5% | +36.8% | +81.2% | +10.2% | -12.8% | +4.2% | -44.2% | |
| EPS (Diluted) | $2.80 | $3.39 | $3.86 | $3.38 | $5.44 | $5.74 | $7.85 | $14.27 | $15.72 | $13.73 | $14.31 | — |
| YoY % | +21.1% | +13.9% | -12.4% | +60.9% | +5.5% | +36.8% | +81.8% | +10.2% | -12.7% | +4.2% | ||
| Weighted Avg Shares (Basic) | 202.2M | 209.8M | 223.1M | 237.2M | 308.0M | 318.4M | 309.4M | 306.6M | 289.8M | 283.3M | 272.0M | 257.7M |
| YoY % | +3.8% | +6.3% | +6.3% | +29.9% | +3.4% | -2.8% | -0.9% | -5.5% | -2.2% | -4.0% | -5.2% | |
| Weighted Avg Shares (Diluted) | 228.2M | 235.5M | 235.4M | 237.2M | 308.6M | 318.4M | 309.4M | 306.6M | 289.8M | 283.3M | 272.0M | — |
| YoY % | +3.2% | -0.0% | +0.8% | +30.1% | +3.2% | -2.8% | -0.9% | -5.5% | -2.2% | -4.0% |
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.
| derived (paid ÷ diluted shares) |
| FY20222022-11-30 | $1.51 | +49.6% | derived (paid ÷ diluted shares) |
| FY20212021-11-30 | $1.01 | +60.3% | derived (paid ÷ diluted shares) |
| FY20202020-11-30 | $0.63 | +290.1% | derived (paid ÷ diluted shares) |
| FY20192019-11-30 | $0.16 | +1.4% | derived (paid ÷ diluted shares) |
| FY20182018-11-30 | $0.16 | +0.5% | derived (paid ÷ diluted shares) |
| FY20172017-11-30 | $0.16 | +5.7% | derived (paid ÷ diluted shares) |
| FY20162016-11-30 | $0.15 | +6.5% | derived (paid ÷ diluted shares) |
| Ex-date | Amount | Pay date | Freq | Source |
|---|---|---|---|---|
| 2026-07-10 | $0.5000 | — | quarterly | licensed |
| 2026-04-22 | $0.5000 | 2026-05-06 | quarterly | licensed |
| 2026-02-04 | $0.5000 | 2026-02-19 | quarterly | licensed |
| 2025-10-10 | $0.5000 | — | quarterly | licensed |
| 2025-07-03 | $0.5000 | 2025-07-18 | quarterly | licensed |
| 2025-04-23 | $0.5000 | 2025-05-07 | quarterly | licensed |
| 2025-01-29 | $0.5000 | — | quarterly | licensed |
| 2025-01-21 | $10.41 | — | quarterly | licensed |
