| Market Cap | $1.52T | |
| Enterprise Value | $1.50T | |
| Revenue | $214.96B | +22.2% |
| Gross Profit | $176.14B | +22.7% |
| EBITDA | $109.31B | +20.0% |
| Net Income | $70.59B | −3.1% |
| Diluted EPS | $23.49 | −1.6% |
| Free Cash Flow | $48.25B | −14.7% |
| DPS (FY2025) | $2.10 |
| Trailing yield | 0.35% |
| Payout ratio | 8.8% |
| Growth streak | 1 yr |
| 5y DPS growth | — |
| Fiscal year | DPS | YoY | Basis |
|---|---|---|---|
| FY20252025-12-31 | $2.10 | +5.0% | reported |
| FY20242024-12-31 | $2.00 | — | reported |
| FY20232023-12-31 | $0.00 | — | derived (paid ÷ diluted shares) |
| FY20222022-12-31 | $0.00 | — | 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 | 82.73% | 84.01% | 86.29% | 86.58% | 83.25% | 81.94% | 80.58% | 80.79% | 78.35% | 80.76% | 81.67% | 82.00% | 54% | 91% | |
| Operating Margin | 40.06% | 34.72% | 44.96% | 49.70% | 44.62% | 33.93% | 38.01% | 39.65% | 24.82% | 34.66% | 42.18% | 41.44% | 63% | 98% | |
| EBITDA Margin | 50.03% | 45.57% | 53.44% | 57.14% | 52.34% | 42.05% | 45.99% | 46.40% | 32.27% | 42.94% | 51.60% | 50.70% | 63% | 99% | |
| NOPAT Margin | 23.99% | 20.67% | 36.70% | 38.45% | 38.90% | 25.28% | 33.38% | 33.01% | 19.98% | 28.57% | 37.22% | 29.15% | 46% | 96% | |
| Net Margin | 23.58% | 20.57% | 36.97% | 39.20% | 39.60% | 26.15% | 33.90% | 33.38% | 19.90% | 28.98% | 37.91% | 30.08% | 46% | 94% | |
| FCF Margin | 44.08% | 43.49% | 42.03% | 43.01% | 27.51% | 30.00% | 27.43% | 33.06% | 16.54% | 32.67% | 32.87% | 22.94% | 13% | 81% | |
| FCFF Margin | — | — | — | — | — | — | — | — | 16.67% | 32.94% | 33.25% | 23.35% | 38% | 66% | |
| FCFE Margin | 44.08% | 43.49% | — | — | — | — | 27.43% | 33.06% | 25.05% | 38.93% | 39.21% | 37.82% | 44% | 92% | |
| OCF Margin | 58.77% | 57.56% | 58.28% | 59.57% | 52.43% | 51.37% | 45.07% | 48.91% | 43.29% | 52.71% | 55.52% | 57.62% | 71% | 100% | |
| Gross Profitability | 25.80% | 30.48% | 36.71% | 41.64% | 47.76% | 43.43% | 43.48% | 57.40% | 49.19% | 47.44% | 48.66% | 45.02% | 54% | 78% | |
| Capex Intensity | 14.69% | 14.07% | 16.25% | 16.56% | 24.92% | 21.36% | 17.64% | 15.85% | 26.74% | 20.05% | 22.65% | 34.68% | 96% | 95% | |
| ▸Returns on Capital · 6 ratios | |||||||||||||||
| ▸DuPont factors (ROE drivers) · 4 ratios | |||||||||||||||
| ▸Earnings quality · 7 ratios | |||||||||||||||
| ▸Liquidity & coverage · 8 ratios | |||||||||||||||
| ▸Leverage · 9 ratios | |||||||||||||||
| ▸Working capital · 5 ratios | |||||||||||||||
| ▸Capital allocation · 5 ratios | |||||||||||||||
| ▸Per share · 3 ratios | |||||||||||||||
| ▸Other · 1 ratios | |||||||||||||||
The five drivers multiply to 31.7% vs reported ROE 30.2%. 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 | $12.47B | $17.93B | $27.64B | $40.65B | $55.84B | $70.70B | $85.97B | $117.93B | $116.61B | $134.90B | $164.50B | $200.97B |
| YoY % | +43.8% | +54.2% | +47.1% | +37.4% | +26.6% | +21.6% | +37.2% | -1.1% | +15.7% | +21.9% | +22.2% | |
| Cost of Revenue | $2.15B | $2.87B | $3.79B | $5.45B | $9.36B | $12.77B | $16.69B | $22.65B | $25.25B | $25.96B | $30.16B | $36.17B |
| YoY % | +33.2% | +32.2% | +43.9% | +71.5% | +36.5% | +30.7% | +35.7% | +11.5% | +2.8% | +16.2% | +19.9% | |
| R&D Expense | $2.67B | $4.82B | $5.92B | $7.75B | $10.27B | $13.60B | $18.45B | $24.66B | $35.34B | $38.48B | $43.87B | $57.37B |
| YoY % | +80.6% | +22.9% | +31.0% | +32.5% | +32.4% | +35.6% | +33.7% | +43.3% | +8.9% | +14.0% | +30.8% | |
| Selling & Marketing Expense | $1.68B | $2.73B | $3.77B | $4.72B | $7.85B | $9.88B | $11.59B | $14.04B | $15.26B | $12.30B | $11.35B | $11.99B |
| YoY % | +62.2% | +38.4% | +25.3% | +66.1% | +25.9% | +17.4% | +21.2% | +8.7% | -19.4% | -7.8% | +5.7% | |
| SG&A Expense | $973.0M | $1.29B | $1.73B | $2.52B | $3.45B | $10.46B | $6.56B | $9.83B | $11.82B | $11.41B | $9.74B | $12.15B |
| YoY % | +33.1% | +33.7% | +45.4% | +37.1% | +203.2% | -37.3% | +49.7% | +20.2% | -3.5% | -14.6% | +24.8% | |
| Total Operating Expenses | $7.47B | $11.70B | $15.21B | $20.45B | $30.93B | $46.71B | $53.29B | $71.18B | $87.67B | $88.15B | $95.12B | $117.69B |
| YoY % | +56.6% | +30.0% | +34.4% | +51.2% | +51.0% | +14.1% | +33.6% | +23.2% | +0.6% | +7.9% | +23.7% | |
| Operating Income | $4.99B | $6.22B | $12.43B | $20.20B | $24.91B | $23.99B | $32.67B | $46.75B | $28.94B | $46.75B | $69.38B | $83.28B |
| YoY % | +24.6% | +99.6% | +62.6% | +23.3% | -3.7% | +36.2% | +43.1% | -38.1% | +61.5% | +48.4% | +20.0% | |
| Interest Expense | — | — | — | — | — | — | — | — | $185.0M | $446.0M | $715.0M | $1.17B |
| YoY % | +141.1% | +60.3% | +62.9% | |||||||||
| Interest & Investment Income | $27.0M | $52.0M | $176.0M | $398.0M | $661.0M | $924.0M | — | $484.0M | $461.0M | $1.64B | $2.52B | $2.12B |
| YoY % | +92.6% | +238.5% | +126.1% | +66.1% | +39.8% | -4.8% | +255.5% | +53.6% | -15.7% | |||
| Other Non-Operating Income | -$1.0M | $6.0M | $1.0M | $5.0M | $9.0M | $27.0M | -$34.0M | $210.0M | -$320.0M | -$150.0M | $171.0M | $1.35B |
| YoY % | -83.3% | +400.0% | +80.0% | +200.0% | +687.1% | |||||||
| Impairment of Real Estate | — | — | — | — | — | — | — | $0 | $2.22B | $2.43B | $383.0M | $0 |
| YoY % | +9.6% | -84.3% | -100.0% | |||||||||
| Pretax Income | $4.91B | $6.19B | $12.52B | $20.59B | $25.36B | $24.81B | $33.18B | $47.28B | $28.82B | $47.43B | $70.66B | $85.93B |
| YoY % | +26.2% | +102.1% | +64.5% | +23.1% | -2.2% | +33.7% | +42.5% | -39.1% | +64.6% | +49.0% | +21.6% | |
| Income Tax | $1.97B | $2.51B | $2.30B | $4.66B | $3.25B | $6.33B | $4.03B | $7.91B | $5.62B | $8.33B | $8.30B | $25.47B |
| YoY % | +27.2% | -8.2% | +102.5% | -30.3% | +94.7% | -36.2% | +96.2% | -29.0% | +48.2% | -0.3% | +206.8% | |
| Net Income | $2.94B | $3.69B | $10.22B | $15.93B | $22.11B | $18.48B | $29.15B | $39.37B | $23.20B | $39.10B | $62.36B | $60.46B |
| YoY % | +25.4% | +177.0% | +56.0% | +38.8% | -16.4% | +57.7% | +35.1% | -41.1% | +68.5% | +59.5% | -3.1% | |
| Net Income to Common | $2.92B | $3.67B | $10.19B | $15.92B | $22.11B | $18.48B | $29.15B | — | — | — | — | — |
| YoY % | +25.4% | +177.7% | +56.3% | +38.9% | -16.4% | +57.7% | ||||||
| EPS (Basic) | $1.12 | $1.31 | $3.56 | $5.49 | $7.65 | $6.48 | $10.22 | $13.99 | $8.63 | $15.19 | $24.61 | $23.98 |
| YoY % | +17.0% | +171.8% | +54.2% | +39.3% | -15.3% | +57.7% | +36.9% | -38.3% | +76.0% | +62.0% | -2.6% | |
| EPS (Diluted) | $1.10 | $1.29 | $3.49 | $5.39 | $7.57 | $6.43 | $10.09 | $13.77 | $8.59 | $14.87 | $23.86 | $23.49 |
| YoY % | +17.3% | +170.5% | +54.4% | +40.4% | -15.1% | +56.9% | +36.5% | -37.6% | +73.1% | +60.5% | -1.6% | |
| Weighted Avg Shares (Basic) | 2.61B | 2.80B | 2.86B | 2.90B | 2.89B | 2.85B | 2.85B | 2.81B | 2.69B | 2.57B | 2.53B | 2.52B |
| YoY % | +7.2% | +2.1% | +1.3% | -0.4% | -1.2% | -0.1% | -1.3% | -4.5% | -4.2% | -1.6% | -0.5% | |
| Weighted Avg Shares (Diluted) | 2.66B | 2.85B | 2.92B | 2.96B | 2.92B | 2.88B | 2.89B | 2.86B | 2.70B | 2.63B | 2.61B | 2.57B |
| YoY % | +7.1% | +2.5% | +1.1% | -1.2% | -1.5% | +0.4% | -1.0% | -5.5% | -2.7% | -0.6% | -1.5% | |
| Dividends Declared per Share | — | — | — | — | — | — | — | — | — | — | $2 | $2 |
| YoY % | +5.0% |
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.
| Ex-date | Amount | Pay date | Freq | Source |
|---|---|---|---|---|
| 2026-06-15 | $0.5250 | — | quarterly | licensed |
| 2026-03-16 | $0.5250 | 2026-03-26 | quarterly | licensed |
| 2025-12-15 | $0.5250 | — | quarterly | licensed |
| 2025-09-22 | $0.5250 | 2025-09-29 | quarterly | licensed |
| 2025-06-16 | $0.5250 | 2025-06-26 | quarterly | licensed |
| 2025-03-14 | $0.5250 | — | quarterly | licensed |
| 2024-12-16 | $0.5000 | — | quarterly | licensed |
| 2024-09-16 | $0.5000 | — | quarterly | licensed |
