| Market Cap | $18.60B | |
| Enterprise Value | $29.49B | |
| Revenue | $4.42B | +9.6% |
| Gross Profit | $3.79B | +11.0% |
| EBITDA | $1.88B | +12.8% |
| Net Income | $810.0M | +17.4% |
| Diluted EPS | $3.14 | +16.7% |
| Free Cash Flow | — | — |
| DPS (FY2025) | $2.02derived |
| Trailing yield | 2.81% |
| Payout ratio | 64.3% |
| Growth streak | 8 yrs |
| 5y DPS growth | 5.9% |
| Fiscal year | DPS | YoY | Basis |
|---|---|---|---|
| FY20252025-12-31 | $2.02 | +5.5% | derived (paid ÷ diluted shares) |
| FY20242024-12-31 | $1.92 | +6.4% | derived (paid ÷ diluted shares) |
| Ratio | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Trend · 12y | vs own | vs sector |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ▾Margins | |||||||||||||||
| Gross Margin | — | — | — | 85.78% | 85.96% | 86.81% | 86.86% | 85.36% | 86.37% | 85.52% | 84.60% | 85.67% | 39% | 84% | |
| Operating Margin | 16.23% | 17.73% | 16.69% | 19.85% | 19.64% | 21.33% | 21.66% | 21.67% | 22.07% | 23.42% | 22.26% | 23.50% | 96% | 57% | |
| EBITDA Margin | 27.81% | 30.07% | 29.09% | 33.50% | 33.98% | 36.87% | 39.67% | 39.57% | 38.03% | 40.20% | 41.65% | 42.89% | 96% | 66% | |
| NOPAT Margin | 14.59% | 15.03% | 14.45% | 17.36% | 17.98% | 19.01% | 21.66% | 21.67% | 21.38% | 23.28% | 22.26% | 23.50% | 96% | 72% | |
| Net Margin | 11.74% | 11.94% | 11.50% | 13.82% | 14.77% | 15.54% | 18.27% | 18.37% | 16.31% | 17.46% | 17.33% | 18.57% | 96% | 73% | |
| FCF Margin | −0.33% | −5.01% | −24.22% | −27.95% | −31.30% | −26.86% | −25.32% | −16.00% | −23.73% | — | — | — | — | — | |
| FCFF Margin | 4.51% | −0.14% | −19.10% | −22.37% | −24.90% | −20.19% | −17.27% | −8.45% | −16.24% | — | — | — | — | — | |
| FCFE Margin | 9.11% | −2.36% | −7.02% | −6.76% | −12.34% | −10.69% | −6.44% | 3.57% | −3.95% | — | — | — | — | — | |
| OCF Margin | 26.61% | 26.78% | 11.83% | 15.42% | 14.94% | 18.09% | 14.67% | 15.86% | 11.56% | 21.53% | 29.31% | 26.80% | 88% | 46% | |
| Gross Profitability | — | — | — | 20.45% | 19.69% | 18.96% | 16.75% | 16.88% | 18.01% | 16.22% | 14.83% | 14.95% | 17% | 53% | |
| Capex Intensity | 26.95% | 31.79% | 36.05% | 43.37% | 46.24% | 44.96% | 39.99% | 31.86% | 35.29% | — | — | — | — | — | |
| ▸Returns on Capital · 6 ratios | |||||||||||||||
| ▸DuPont factors (ROE drivers) · 4 ratios | |||||||||||||||
| ▸Earnings quality · 7 ratios | |||||||||||||||
| ▸Liquidity & coverage · 7 ratios | |||||||||||||||
| ▸Leverage · 7 ratios | |||||||||||||||
| ▸Working capital · 5 ratios | |||||||||||||||
| ▸Capital allocation · 3 ratios | |||||||||||||||
| ▸Per share · 6 ratios | |||||||||||||||
The five drivers multiply to 11.6% vs reported ROE 11.3%. 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 | $3.35B | $3.25B | $3.32B | $3.38B | $3.53B | $3.65B | $3.42B | $3.67B | $4.21B | $4.03B | $3.98B | $4.36B |
| YoY % | -2.9% | +2.0% | +1.9% | +4.5% | +3.2% | -6.4% | +7.4% | +14.6% | -4.2% | -1.1% | +9.6% | |
| Cost of Revenue | — | — | — | $480.9M | $496.0M | $481.0M | $449.0M | $537.0M | $573.0M | $583.0M | $613.0M | $625.0M |
| YoY % | +3.1% | -3.0% | -6.7% | +19.6% | +6.7% | +1.7% | +5.1% | +2.0% | ||||
| Total Operating Expenses | $2.81B | $2.68B | $2.77B | $2.71B | $2.84B | $2.87B | $2.68B | $2.87B | $3.28B | $3.08B | $3.10B | $3.34B |
| YoY % | -4.6% | +3.3% | -2.0% | +4.8% | +1.1% | -6.8% | +7.4% | +14.0% | -5.9% | +0.4% | +7.8% | |
| Operating Income | $543.6M | $577.0M | $554.1M | $671.2M | $694.0M | $778.0M | $740.0M | $795.0M | $928.0M | $943.0M | $886.0M | $1.02B |
| YoY % | +6.1% | -4.0% | +21.1% | +3.4% | +12.1% | -4.9% | +7.4% | +16.7% | +1.6% | -6.0% | +15.7% | |
| Interest Expense | $180.6M | $187.1M | $196.2M | $215.6M | $247.0M | $273.0M | $275.0M | $277.0M | $325.0M | $394.0M | $449.0M | $512.0M |
| YoY % | +3.6% | +4.9% | +9.9% | +14.6% | +10.5% | +0.7% | +0.7% | +17.3% | +21.2% | +14.0% | +14.0% | |
| Other Non-Operating Income | $1.8M | $700,000 | -$16.6M | -$17.3M | -$8.0M | -$15.0M | -$14.0M | -$5.0M | -$6.0M | -$3.0M | $3.0M | -$1.0M |
| YoY % | -61.1% | |||||||||||
| Equity Method Income | $40.4M | $33.8M | $39.6M | $44.8M | $55.0M | $53.0M | $61.0M | $62.0M | $51.0M | $61.0M | $61.0M | $60.0M |
| YoY % | -16.3% | +17.2% | +13.1% | +22.8% | -3.6% | +15.1% | +1.6% | -17.7% | +19.6% | 0.0% | -1.6% | |
| Impairment of Real Estate | — | — | — | — | — | — | — | — | $0 | $0 | $60.0M | $0 |
| YoY % | -100.0% | |||||||||||
| Pretax Income | $440.0M | $461.3M | $443.4M | $532.8M | $570.0M | $636.0M | $567.0M | $600.0M | $708.0M | $707.0M | $576.0M | $661.0M |
| YoY % | +4.8% | -3.9% | +20.2% | +7.0% | +11.6% | -10.8% | +5.8% | +18.0% | -0.1% | -18.5% | +14.8% | |
| Income Tax | $44.3M | $70.4M | $59.4M | $66.7M | $48.0M | $69.0M | -$57.0M | -$74.0M | $22.0M | $4.0M | -$114.0M | -$149.0M |
| YoY % | +58.9% | -15.6% | +12.3% | -28.0% | +43.8% | -81.8% | ||||||
| Income from Continuing Operations | $385.5M | $380.7M | $373.8M | $455.9M | $512.1M | $557.2M | — | — | — | — | — | — |
| YoY % | -1.2% | -1.8% | +22.0% | +12.3% | +8.8% | |||||||
| Income from Discontinued Operations | -$2.4M | -$2.5M | -$2.3M | $1.4M | $0 | $0 | — | — | — | — | — | — |
| YoY % | -100.0% | |||||||||||
| Net Income | $393.3M | $388.4M | $381.7M | $467.5M | $522.0M | $567.0M | $624.0M | $674.0M | $686.0M | $703.0M | $690.0M | $810.0M |
| YoY % | -1.2% | -1.7% | +22.5% | +11.7% | +8.6% | +10.1% | +8.0% | +1.8% | +2.5% | -1.8% | +17.4% | |
| Net Income to Common | $383.1M | $378.2M | $371.5M | $457.3M | $512.0M | $557.0M | $614.0M | $659.0M | $686.0M | $703.0M | $690.0M | $810.0M |
| YoY % | -1.3% | -1.8% | +23.1% | +12.0% | +8.8% | +10.2% | +7.3% | +4.1% | +2.5% | -1.8% | +17.4% | |
| EPS (Basic) | — | — | — | $1.99 | $2.19 | $2.34 | $2.47 | $2.63 | $2.73 | $2.78 | $2.69 | $3.15 |
| YoY % | +10.1% | +6.8% | +5.6% | +6.5% | +3.8% | +1.8% | -3.2% | +17.1% | ||||
| EPS (Diluted) | — | — | — | $1.99 | $2.19 | $2.33 | $2.47 | $2.63 | $2.73 | $2.78 | $2.69 | $3.14 |
| YoY % | +10.1% | +6.4% | +6.0% | +6.5% | +3.8% | +1.8% | -3.2% | +16.7% | ||||
| Weighted Avg Shares (Basic) | — | — | — | 229.7M | 233.6M | 238.5M | 248.4M | 250.2M | 250.9M | 253.0M | 256.5M | 257.0M |
| YoY % | +1.7% | +2.1% | +4.2% | +0.7% | +0.3% | +0.8% | +1.4% | +0.2% | ||||
| Weighted Avg Shares (Diluted) | — | — | — | 229.7M | 233.6M | 239.0M | 248.7M | 250.7M | 251.2M | 253.3M | 256.8M | 257.8M |
| YoY % | +1.7% | +2.3% | +4.1% | +0.8% | +0.2% | +0.8% | +1.4% | +0.4% |
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.
| FY20232023-12-31 | $1.80 | +5.7% | derived (paid ÷ diluted shares) |
| FY20222022-12-31 | $1.70 | +6.0% | derived (paid ÷ diluted shares) |
| FY20212021-12-31 | $1.61 | +6.0% | derived (paid ÷ diluted shares) |
| FY20202020-12-31 | $1.52 | +7.5% | derived (paid ÷ diluted shares) |
| FY20192019-12-31 | $1.41 | +5.6% | derived (paid ÷ diluted shares) |
| FY20182018-12-31 | $1.34 | +6.4% | derived (paid ÷ diluted shares) |
| FY20172017-12-31 | $1.26 | — | derived (paid ÷ diluted shares) |
| FY20162016-12-31 | — | — | reported |
| Ex-date | Amount | Pay date | Freq | Source |
|---|---|---|---|---|
| 2026-04-30 | $0.5350 | 2026-05-15 | quarterly | licensed |
| 2026-01-30 | $0.5350 | — | quarterly | licensed |
| 2025-10-31 | $0.5075 | 2025-11-17 | quarterly | licensed |
| 2025-07-31 | $0.5075 | — | quarterly | licensed |
| 2025-04-30 | $0.5075 | 2025-05-15 | quarterly | licensed |
| 2025-01-31 | $0.5075 | — | quarterly | licensed |
| 2024-10-31 | $0.4800 | — | quarterly | licensed |
| 2024-07-31 | $0.4800 | — | quarterly | licensed |
